Posted on 03/03/2009 6:45:01 PM PST by To Hell With Poverty
Barack Obama is already making the Clinton and Bush years seem like the good old days.
Close to a trillion dollars are being tossed around in a “stimulus” package that no one in his right mind—and I do not here include the mainstream of the economics profession, which has disgraced itself in this crisis—expects to bring about recovery. Economist Robert Wenzel rightly describes the stimulus as “just the insiders raiding the till while there is still money in it.” Trillions of dollars are likewise being thrown at financial institutions that (if we actually believe in the free market) richly deserve to go bankrupt. Nationalization of the banks is being openly discussed—an outcome our rulers assure us they would undertake only as a last resort, deploring every minute of it, and only for our own good.
We are learning what it is like to live in an Orwell novel. Our television screens are filled with people offering choices between idiotic and suicidal option A and idiotic and suicidal option B. We are being told that we must at least partially nationalize our banks, prop up zombie companies, lower interest rates to zero, and pass stimulus packages in order to escape the fate of Japan—which, um, partially nationalized its banks, propped up zombie companies, lowered interest rates to zero, and passed eight stimulus packages. We have a president who tells us we cannot rely on the free market to get us out of this mess because the free market is what got us here, as if the Federal Reserve and its bubble-inducing monetary policy never existed.
(Excerpt) Read more at firstprinciplesjournal.com ...
Never thought I would miss Slick Willie. But, I do.
It is more like the perception of money still being in the till. There is no more money in the till. This is what is increasing upsetting me. I am to the point of not paying my business taxes. I do not want to be indebted anymore to the Chinese, Japanese, etc. NO MORE DEBT!!!!
There is no money in the till.Stop with the spending!
Obama and the democrats that support this insanity will not make it to the midterms. The anger is swelling and will soon manifest itself with nonviolent protests and then depending on the response...who knows!!
Slick Willie knew if people were making money he could get away with alot.
The 1990s Republicans controlled both houses of Congress for a bit, and the budget got balanced. Wow, stop the presses. The market bubble / internet bubble popped in the late 1990s and the price of crude started rising, and the economy got rough. The US got attacked in 2001 and the federal deficit rose as we fought a war. Again, stop the presses.
“Does anyone care?”
(Planned Parenthood training non-physicians to perform abortions)
California Catholic Daily | March 2, 2009 | staff
Posted on 03/03/2009 6:38:58 PM PST by kellynla
http://www.freerepublic.com/focus/f-news/2198663/posts
Ha! That’s a good one, except it’s more like the ghetto’s coming to you!
Debt, Deceipt, and Denial.
It will not stand.
I don't understand why the American people are falling for it.
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