Posted on 01/30/2009 10:00:47 AM PST by bs9021
House of Cards Teeters
by: Heather Latham, January 30, 2009
Senator Jim DeMint (R-SC) has a message he wants to “take…directly to the people.” At a recent Conservative Bloggers’ Briefing, Senator DeMint spoke about President Barack Obama’s stimulus bill that has just been passed in the House and will soon fight its way through the Senate. Senator DeMint focused on private business as the way to end the recession and help the economy grow.
Senator DeMint said that he is “…trying to stir up interest and get good information out there.” His good information is that the President and members of Congress do not know what they are doing with regards to business. With regards to businesses opening new areas and thereby creating more jobs, he says, “The people who really create the jobs would laugh at this [the stimulus plan] because what they need is to be able to look out five, ten, fifteen years to see a predictable business environment where if they make reasonable risks, they can expect a reasonable profit.”
The stimulus package is not Senator DeMint’s idea of good reform: “This is not change you can believe in; this is business as usual if I’ve ever seen it in Washington.” He argues that “it’s like everybody’s wish list that they had in their file drawer—they pulled it out, they stuck it in here, and it’s just a massive government spending program.” He asserts, “Anything’s better than spending.”
Senator DeMint argues that the government is at fault for the recession. He claims, “The market is locked down because the government has created more uncertainty…....
(Excerpt) Read more at campusreportonline.net ...
Send Obama a copy of “Economics and Fiscal Policy” John Maynard Keynes
Send the GOP a chart of the S&P 500. The market started tanking in June when Hillary lost the nomination. The smart money slowly started selling. It kept dropping as O’s poll numbers went up.
The economy stinks because:
1. Obama’s CRA scam lawsuits years ago to force banks to make bad mtg loans to the poor.
2. Fannie & Freddie fraud to pour gas on the CRA and mortgage fire.
3. Dems blocking any oversight of Fannie & Freddie
4. Rise of Obama.
All the time being enabled by the MSM.
People in business have ZERO confidence in this illegal clown. Show us your BC Dear Leader.
“Senator DeMint argues that the government is at fault for the recession. He claims, “The market is locked down because the government has created more uncertainty…....”
DeMint gets it. Lower taxes and less regulation on business is the only way. Also stop forcing banks to lend to deadbeats and no 1% scam mortgages.
Regulation - yes on hedge funds because many are scammers.
ping
For what purpose? The feds already practice Keynesian economics. That's what's getting us further into this mess. What they need is a lesson in good, conservative microeconomics, but that would be wasted: 1) Most wouldn't understand, and 2) Those who would understand would argue against it. Heck, even the GOP could use that lesson...
Serious tinfoil matter: Is the uncertainty about Zero's eligibility an intentional feature of Zero-the-candidate? Part of an external attack on U.S. confidence? I've seen this floated here and there on various threads, I think. I don't really buy it (and I'm not saying you or anybody else does) but so many really bizarre things are going on. /paranoia :)
Well....if they do understand than they would be engaging in “economic suicide” and if they don’t understand they will just simply ignore it.
Not to mention Dodd and Frank getting their hands in the cookie jar....just to name a couple more.
Exactly. But is economic recovery their agenda? Or is the elimination of America's capitalist system for one based on government providing for the masses? I submit the later...
At the very least, an agenda that supports some form of the latter. I think its more about power than the “masses”. In the battle between the “elites” and the “masses”, we lose everytime. In a battle of the liberals and the conservatives, we can and will win this battle, because under any type of understanding of fiscal policy, their actions will have a result similar to Carter...inflation and stagnation of the economy as taxes and governemnt spending both go up. Eventually, provided by the Republicans, there will have to be a decrease in taxes and government spending to allow for businesses to flourish and hence Federal reciepts to rise. The cost of Obama will be a force that cannot be ignored.
It's the "eventually" that's so scary. The more this government grows through massive spending the farther down the road "eventually" becomes possible. What's needed right now is a common sense approach to government fiscal responsibility; something both parties in Washington are in short supply of. The House vote early this week was a promising start, but only if the GOP members of the House truly voted their conscience regarding small government. I'm not prepared to say that was so. Then there's the Senate where common sense is in much shorter supply.
"Eventually" is the problem.
“Eventually” includes amnesty for illegal immigrants that effectively adds many millions of voters to the Dem side, as they are able to hand out more and more to these people. If you think they really care about the people, you’re wrong, as the problem crosses over to the battle between elites and the masses. This is a serious agenda to lock in the Dems and socialism, as they know what’s good for you better than you do. A very slippery slope!
When I wrote “big government providing for the masses” I didn’t mean to imply they “care” about the masses. All they care about is governmental control. And that trumps sound economic policy. That’s what I was saying.
And you’re right, “eventually” does include amnesty and government programs to bring in the illegals. I think we agree here.
We do agree. The Glenn Beck “hockey stick” of money supply shows this will result in unprecedented levels of printing money, what Richard Nixon promised we would never do when he eliminated the gold standard, opening the door for the printing presses. Good discussion. Thank you.
Exactly right. Zero confidence. If his stimulus package was so great the markets would have reacted when it passed the house.
That’s something we never touched on directly but is also true; the devaluation of our currency. It’s just another factor in this abysmal bailout plan.
Regards,
bcsco
Bailout should be “sailout”, including $350B for the TARP. Where is the stimulus from this sailout?
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