President Barack Obama (AP Photo)
Posted on 01/29/2009 4:56:18 AM PST by markomalley
“I take it this way,” King told CNSNews.com on Wednesday. “If FDR had not essentially lost his nerve and pulled back towards a balanced budget, he would have spent more money, the New Deal would have been a bigger deal, and it would have then brought us out of the Depression. That mindset tells us what’s driving this stimulus approach.”
The $819 billion stimulus package passed in the House of Representatives Wednesday evening, on a vote of 244 to 188 – no Republicans voted in favor of the package.
From what I’ve heard, the largest portion of this pork bill won’t even be spent until the latter two years of the four. So, to see whether Barry O is blowing smoke, let’s take the amount that will be spent in the first two years and compare it as a percentage of the pre-downturn GNP of the present to what Roosevelt spent during his first two years as a percentage of the pre-downturn GNP back then.
Every little Commie thinks that regardless of the failed results of their policies, more of what they perscribe is needed.
Until they conclude the only way out is to simply kill millions of their own people.
They never never admit their failure.
If you oppose them, you are the problem.
FDR’s ‘plan’ made it worse. You can look it up.
Obama is being advised by some very Hawkish people. (Socialists, as much as they'd like to deny it, have been instrumental in financing and starting wars)
The automakers (who helped out during past conflicts) are in financial trouble.
We'll see what happens. Then there's this: http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn06-3#Socialism
Obama Suggested FDR’s ‘New Deal’ Was Too Small, House Republicans Say...
and 52% of those who voted agree with Obama....
No GOP aye votes. Let it be 100% Dem. Let it fail spectacularly. We can take it.
“With the Japanese prepared to surrender in February, 1945, the war was prolonged in order to destroy much of the industrial areas of Japan with a devastating air attack of incendiary and atomic bombs. This allowed the ground to be cleared for the Illuminati to rebuild Japan with new industries so they could use cheap labor to flood the American market with cheaply manufactured goods. This would turn the United States into a nation that consumed more than it produced, creating unemployment and financial instability.”
And so, America’s economic downfall began. (Intersting concept).
http://www.modernhistoryproject.org/mhp/ArticleDisplay.php?Article=FinalWarn06-3#Gains
Amen.
We need to cut Gov't, not increase it.
Give the money to the people. Bring jobs back to America. Anything else is just a popcorn fart.
Did they have ACORN back then?
As Beard wrote in his "Giddy Minds and Foreign Quarrels" (circa Harpers from 1938) - or, if there are problems on the domestic front, get into foreign quarrels.
Long before Pearl Harbor, FDR had his personal hand in many foreign pies, making secret and unconstitutional commitments to some.
And like Rush, etc. are being singled-out, in an earlier era so were Beard, etc.
There is no way McCain can vote for this after basing his entire campaign on cutting spending. He’ll look like a total fool.
Now it becomes clearer what is happening!
Obozo’s master explains it.
From “The Financial Times”
http://www.ft.com/cms/s/0/49b1654a-ed60-11dd-bd60-0000779fd2ac.html?nclick_check=1
The Game Changer
By George Soros
Published: January 28 2009 19:55 | Last updated: January 28 2009 19:55
“How unfair the system is has been revealed by a crisis that originated in the US yet is doing more damage to the periphery. Assistance is needed to protect the financial systems of periphery countries, including trade finance, something that will require large contingency funds available at little notice for brief periods of time. Periphery governments will also need long-term financing to enable them to engage in counter-cyclical fiscal policies.
In addition, banking regulations need to be internationally co-ordinated. Market regulations should be global as well. National governments also need to co-ordinate their macroeconomic policies in order to avoid wide currency swings and other disruption.”
Yep. Reagan understood exactly where the problem is.
Obama’s theory is at odds with that of trained economists, which he isn’t. The problem, according to the economists, was that government-generated inflation stunted recovery. If so, then we’ve got a perfect recipe for a stunted recovery.
If the libs think war is a great economic stimulus, why did they oppose the Vietnam War and the war in Iraq? Why do they always try to slash defense spending?
Bringing jobs back to America would require fighting the enviro whackos, and the lessening of gov’t regulations. That is the dims power base.
FDR’s own Treasury Secretary said (paraphrasing), We spent more money then wev’e ever spent before and it didn’t work.
But hey, it will work now because The Messiah is running it.
The sad part is that instead of wasting all this money, we could give each of the approximately 300 million Americans a check for (about) $2,750 and it wouldn’t cost us a dime more. That money would be put in the bank, used to pay bills, invested, and spent on products and services. All those things are good for the economy, right?
I’m not saying we should do this, but it would have more stimulative effect than the way our government is wasting the money.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.