Can we add incompetent (and corrupt) lawmakers to the list?
Put Frank, Dodd, Paulson, Bernanke, Geitner, and Rangel in jail. Throw key away. Restore confidence.
I recall when Bush urged people to go out and spend how the libs said that wasn't going to solve anything, and aren't we consumerist enough?
I recall "Deficits!!!!" screamed by the libs when they weren't screaming 'Overspending!!!!" Now, we aren't just destroying the budget, we're making a joke of the concept of a budget, and deficits? We don need no stinkin' deficit reductions!
If we had an objective media we would be throwing this in the dems' faces. (Bush is of course responsible for starting this, but he's gone, plus the dems were completely behind him. And the Republicans offered token resistence, then caved.)
Everything the libs have been telling us about spending and deficits is now "non-operational" and no one cares. The average American, I believe, has this euphoric feeling about the election, but once they start taking in what Obama's "change" means, something is going to happen--the American public will realize this guy hasn't got a clue.
The Republicans are probably too stupid to take the lesson from this that they should. The lesson they need to learn isn't from Reagan or the founders, but from the Democrats. They lost the popular vote in 2000 with a liberal candidate; in 2004, they ran a slightly less liberal candidate, and lost again; in 2008, did they go more "centrist"? No, they put up one of the most liberal candidates ever, and he won comfortably.
I don't believe that's because the country has gone liberal. I think it's because Obama came across as someone who had the courage of his convictions and didn't flinch under fire. (I don't think any of that is true--I think he's vacant and clueless--but that's how he came across with the help of the media, which gushed over him and THEN found out reasons to gush...or made them up.)
Starting in the midterms, we need conservatives who are actual conservatives with the belief in their convictions. They need to connect to what should be OUR base position, which is that people are fulfilled by connecting with something larger than themselves--but not government, as the libs believe, but our own families and communities, growing OUT from us, not IN from the "community". They need to show how conservative economics will save us from this mess, and how it would have prevented it (by not lending to those who couldn't afford to pay back, no matter how good it makes one feel to "open opportunity" or whatever). They need to show how conservative respect for life and the sanctity--sanctity--of our borders is crucial in creating a secure place where liberty (the word people seem to forget in their love for Obama's government financial crutches) and freedom can thrive.
I have no faith the Republicans will do any of this. But they should. Instead I think they will bide their time, wait for Obama to fail, and regain power by default, and then they will do just what they've been doing for years--be democrats without the good press.
"The economy is not going to improve because of this plan. You don’t solve economic problems by printing money. You solve those problems by working hard, saving, producing, and the exact opposite of what we are trying to do.."
"One way the government could create affordable housing is to stop propping them up with very low interest rates."
"The government can't fix the economy, it can only move our property from person to person, by taxing, borrowing, or printing more currency."
"The total cost to society is what the government spends, not just what we see it tax us"
"If devaluing currency made countries richer, the third world nations could just print themselves to a world power"
"We don't want work for the sake of work. We want work for what it produces"
"The (US Treasury)bond market is the next to collapse. The current buyers are like condo flippers looking to sell to someone else". "It's just another ponzi scheme as each buyer buys to sell until there are no buyers and it collapses""(because the government can never pay it back)
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From your comment. I happened upon Reagan’s 1981 inauguration speech on YouTube, and it was remarkable to hear his philosophy stated with confidence. This was before it was put in place, and he was exactly right. We need some leadership stating these same goals...and with great confidence. Obama won sounding confident but spewed BS. He has no clue, and it is obvious to anyone with basic economic understanding.
The only way out of the mess now is massive worldwide monetary inflation. It's starting to show up a bit, gold is making new all-time highs practically every day now (just not in dollars yet). Even with the inflation guns going, the deleveraging may still win out for a while (a year? who knows).
I’ve been wondering how the average Joe who is in debt with Credit Cards is taking all this. What are their attitudes?
They are going to spend 20 million re-soding the mall at the US Capital. { for real! }
Remember Hillary won Kentucky. The Kentucky blue grass is history…such is victor’s justice. Rumor has it a short blade hybrid hemp from Oregon is being considered.
Schiff is dead on.
The effect of the stimulus will be to slow recovery, because it has to be paid for through either more borrowing (which will eventually raise interest rates and slow recovery), or through monetization (which will slow the drop in prices necessary for the capital necessary for recovery to be saved), or through higher taxes (which will stifle recovery at the source.)
In the end all we get from the stimulus is more pain and more debt.
My question is, why are there no GOPers, other than libertarian Ron Paul, who can articulate this?
Thanks for the ping. Great post.