Porkulus must die! (For the children.)
FDR's policies prolonged Depression by 7 years, UCLA economists calculate
After scrutinizing Roosevelt's record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.
"Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump," said Ohanian, vice chair of UCLA's Department of Economics. "We found that a relapse isn't likely unless lawmakers gum up a recovery with ill-conceived stimulus policies."
Obama and the Dems are not only repeating FDR's mistakes, but enhancing them, this spending package is much worse than anything FDR came up with.
Keep calling your Senators!
Bump
Is Obama going to mock Peter Schiff for “thinking (he’s) an economist”?
This is a fantastic article—I wish every Congresscritter would read it (and what’s more, understand it). I especially love how FDR’s team thought that there was “too much competition” and passed extremely favorable labor laws—just insane. “We just got too much competition going on around here!” This is exactly what the new administration is trying to do. Along with the porculus bill, they’re trying to pay off their labor buddies with a labor bill that includes a no-secret-ballot provision, as well as a provision that essentially forces any company to be a union shop if more than 50% of workers want it. That makes us more competitive how? Small businesses will close and larger businesses will manufacture overseas. And guess where the only place in the US you’re not allowed to unionize is? If you guessed DC, you’re right. Congressional staffers and others are forbidden by federal law to organize, because it would “interfere with their jobs.” “Hypocrisy” is just not a strong enough word... Glad to see the Pubbies are growing a spine when confronted with outright socialism/communism.
Schiff was an economic adviser for fellow Austrian Ron Paul ‘s campaign in the 2008 Republican Party primaries, through which Schiff also expressed support for sound money , limited government , and free market capitalism . (From Wikipedia).
Hint: Visit my freeper page. View some of the links featured on that page. Wake up people! Or just go back to sleep. Snooze deeply, you poor sheeple. You have been suckered and played for fools. Paulson did it and Bernanke did it and Obama is now doing it again. In couple of months he will want to do it again.
Again and again and again and again.
The problem, he says, is the government is trying to perpetuate a “phony economy” based on borrowing and spending....
....By a phony president!
No one knows more about obambi’s STIMULUS PACKAGE than Larry Sinclair.
I hope he isn’t related to Algore’s daughter’s (Karenna Gore Schiff) husband.
bfl
Schiff gets reamed by other economists on CNBC and FoxBiz daily. they are so hostile to him.
When Peter Schiff speaks I listen. He has been right many times when others said he was nuts.
Every time I see that stupid brain-dead communist Bambi, I want to throw my television through the front window. This HAS TO STOP!
This is what lie ahead IMO. I believe the Fed (yes, the home team) is the only buyer left for 30 year T-Bills. In short, we are now feeding the seed corn.
Lead to one?
The stimulus [sic] bill IS an unmitigated disaster.