Posted on 10/08/2008 8:43:04 AM PDT by truthandlife
Just two weeks ago, a book on economic policy was released that will be a classic for the ages. Entitled The End of Prosperity, by Art Laffer, Steve Moore, and Peter J. Tanous, the book explains in full detail the economic disaster that will befall America if it takes a sharp left turn to neo-socialism under the leadership of the far left President Barack Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators, and their pal the ultraliberal Howard Dean heading the Democrat party.
Indeed, one of the insights of the book is that a major factor already tanking the stock market and leading foreign capital to flee America is the threat of the economic policies promised by Obama. Obama proposes increases in every major federal tax, on savers, investors, employers, small business, big business, and anyone who would start a business. Obama also promises to add additional federal spending of almost $1.5 trillion over the next four years, including a new global war on poverty in which Obama would tax Americans and send the money to the UN to spend worldwide (already introduced by Obama in legislation). That would be on top of all the spending increases already scheduled for our exploding entitlements and other programs. Obama also promises a massive increase in regulatory controls, even though government regulation is already estimated to cost America over $1 trillion per year, about $8,000 in lost output for every U.S. household. Then there is Obama's attack on free trade and promises of protectionist trade policies that contributed so much to the Great Depression.
(Excerpt) Read more at spectator.org ...
Yes we will, but the US will move further to the left, as it did during FDR's and LBJ's adminstrations.
We are still hobbled by the policies enacted during those times: the Ponzi scheme that is Social Security and the health care mess precipitated by Medicare, among others.
The US, as a society, was much healthier 40 to 70 years ago, and did not have the Entitlement Mentality that those two admininstrations have engendered now.
With little accoutability to shareholders, as these companies are run by the People's Liberation Army and their cronies.
That's why there are continuing problems with Chinese products, from dog food to children's toys, to milk.
The Chinese use capital, but have not developed the accountablity that long-term success requires.
God is in control.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
That is what scares me the most! If the almighty were pleased with this nation we would not be in the shape we are in now. We have elected a bunch of “leaders” who worship evil.
How does McCain use this that investors are scared to death of the prospect of the socialism about to befall the U.S. with Obama as president and the congress in control of both houses of congress?
Does he just get Rush, Hannity, et al. to do it or do you get Sara to go out there and start hammering?
Electronic Screen at the Nasdaq MarketSite
Wall Street Extends Losses, Stocks Down Despite Rate Cut
U.K. Paper: 'Extreme Danger. Disintegration of Global Finance' Possible
Bailout Fixes Nothing, Banking System Collapse Approaches Climax
Even Paulson's Bailout Plan Cannot Detox Global Banking
There is a great report from 60 minutes posted on my freeper page. It's near the top. But CBS is simply doing what they do best - reporting the fatal car crash after the ambulances have left. Click the image above to read more reports.
The report goes into depth about Credit Swap Derivatives. The bad news is that Paulson had to know the truth when he made the 'bailout' pitch to both Bush and Congress. 'Nuff said about high level shi'ite here.
Please explore my freeper page in depth, if you are so inclined. Feel free to click on the banners.
Did you ever wonder Why not one Congressional investigation has been launched to get to the bottom of this mess ____________ ? I say the corruption is deep and wide and goes all the way up to power players in both parties. What say you ?
None. Markets are dropping around the world and in most of them they couldn't care less, indeed might be pleased, if Obama wins.
bump to read tonight
That was quite good. It’s surprising that SNL actually aired this.
As idiot in chief, he will destroy the morale of the productive citizens of this country. Expect a major crash if Obambi wins. I don't expect that too many people will put up much of an effort when they have to "donate" more than 1/2 of their income to the government to carry the deadwood.
Wow... that is exactly the opposite embodiment of everything America stands for. We are a nation of self-reliance and personal responsibility, which is precisely why Ben Franklin spoke the words he did.
I am reminded of the quote from the Navy chaplain during the attack on Pearl Harbor: “Praise the Lord and pass the ammunition.” Pray to God, but take action to save your own
life, given the present circumstances.
Yep, sure is. Almost every way "of the world" is the opposite of God's way. Not my opinion, either.
Isaiah 55:8-9 (King James Version)
8For my thoughts are not your thoughts, neither are your ways my ways, saith the LORD.
9For as the heavens are higher than the earth, so are my ways higher than your ways, and my thoughts than your thoughts.
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