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Stimulus: A History of Folly
Commentary ^ | March 2009 | James K. Glassman

Posted on 02/09/2009 10:20:38 PM PST by neverdem

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Didn't the author write DOW 36,000, or something like that? He doesn't sound too optimistic now.
1 posted on 02/09/2009 10:20:39 PM PST by neverdem
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To: neverdem
Didn't the author write DOW 36,000, or something like that? He doesn't sound too optimistic now.

Regardless, I agree with his argument about the unneeded "stimulus."

The spending frenzy whipped up by media manipulation is a travesty. The power of the boob tube has never been more hideous. We are, in fact, slaves to the power of television, and the vapid teleprompter readers who serve the interests of whatever network one wishes to mention.

2 posted on 02/09/2009 10:42:48 PM PST by period end of story (Give me a firm spot, and I will move the world.)
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To: neverdem

Democrats won the Trifecta in November elections. You bet they will do anything they want, regardless of results.


3 posted on 02/09/2009 10:47:26 PM PST by ajay_kumar (Wake me up when the NON-Natural Citizen is out of office.)
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To: neverdem

Well laid out and thoughtfully written. Couldn’t have done better myself.

It is unlikely our children will ever see Dow 36000, given the current “stimulus”.


4 posted on 02/09/2009 11:10:04 PM PST by 1010RD (First Do No Harm)
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To: ajay_kumar

The job loss accelerated, the DOW dumped, and consumer confidence tanked, all after the Nove election. Seems Obama can’t make the connection. It’s him.


5 posted on 02/09/2009 11:10:12 PM PST by pacpam (action=consequence and applies in all cases - friend of victory)
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To: ajay_kumar

I think leftists need the economy to stay bad in order to keep garnering more and more power over the failed ‘private sector’


6 posted on 02/09/2009 11:43:36 PM PST by GeronL (Had the flu. Not well yet.)
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To: ajay_kumar

http://www.guardian.co.uk/commentisfree/2009/feb/09/barack-obama-us-economy

Be happy, worried liberals. Obama’s bill is a triumph

Michael Tomasky in Washington The Guardian, Monday 9 February 2009 Article historyWell, it’s already happened. Barely two weeks into the job and President Barack Obama has compromised fundamental principles, timorously caved in to Republicans and conservative Democrats in the Senate and lost control of his agenda.

Or ... wait. Maybe it’s the case that, a mere two weeks into the job, President Obama has already changed the country’s direction in remarkable ways. He’s on the verge of a massive political victory when the Senate passes the stimulus package tomorrow, as expected, and the Republicans are apoplectic and divided and intellectually bankrupt.

... its impending passage sets the country on a dramatically different course to the one it’s pursued over the last eight years (the last 30, really). To me, that’s hardly a stinker. In fact, it smells rather nice. I love the smell of stimulus spending in the morning. It smells like ... victory.

• Michael Tomasky is editor of Guardian America. Read his blog at Guardian.co.uk/commentisfree/michaeltomasky


7 posted on 02/09/2009 11:46:30 PM PST by roses of sharon (Pray Hussein fails!)
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To: GeronL

Yes, they are very happy...(read post #7 ), they are saying proudly that for the first time in 30 years.....government will have a chance to prove itself.

Sick commie vampires.


8 posted on 02/09/2009 11:49:38 PM PST by roses of sharon (Pray Hussein fails!)
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To: roses of sharon

ask them to name a rich socialist country


9 posted on 02/09/2009 11:52:08 PM PST by GeronL (Had the flu. Not well yet.)
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To: GeronL
LOL, libs (and most “Americans”) don't want to be rich....they hate rich...they don't want to work long hours to be rich....they want just a normal life....with gov paying for their medical care...their 4 wks vacation...sick days....maternity leave...old age pension...guaranteed job and raises....child care...and college for their kids...

America is now Europe.

10 posted on 02/10/2009 12:01:37 AM PST by roses of sharon (Pray Hussein fails!)
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To: roses of sharon

Buy a bunker, start to hunker, hold close your guns and your loved ones. They’re coming to take us away!


11 posted on 02/10/2009 12:03:40 AM PST by GeronL (please stand by...)
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To: GeronL
No way! No bunker for me....I vowed to be in a liberal’s face everyday.
12 posted on 02/10/2009 12:09:28 AM PST by roses of sharon (Pray Hussein fails!)
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To: roses of sharon

yes, but the bunkers will have internet, shortwave and places to shoot out of


13 posted on 02/10/2009 12:13:38 AM PST by GeronL (please stand by...)
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To: neverdem
The Dems will get their “stimulus” and things won't improve much.

Yet we will being paying for it for decades to come.

We have a massive debt problem and the Dems solution is more debt...

Maybe one day voters will figure it out, but not likely anytime soon. Meanwhile as individuals we have to figure out how to survive and maybe prosper in spite of it all...

14 posted on 02/10/2009 1:47:58 AM PST by DB
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To: wardaddy; Joe Brower; Cannoneer No. 4; Criminal Number 18F; Dan from Michigan; Eaker; Jeff Head; ...
Planning Victory in Afghanistan. Nine principles the Obama administration should follow

Michael Totten: A Dispatch from the Border with Gaza

There’s Socialized Medicine Burried in Obama’s Trillion Dollar Debt Plan some satire

Mark Steyn: Obama mythology could use some stimulus Classic Steyn!

Some noteworthy articles about politics, foreign and military affairs, IMHO, FReepmail me if you want on or off my list.

15 posted on 02/10/2009 8:50:04 AM PST by neverdem (Xin loi minh oi)
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To: neverdem

Thanks for the ping!


16 posted on 02/10/2009 9:30:44 AM PST by Alamo-Girl
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To: GeronL
You hit the nail on the head. Prez Zero is talking down the economy so that the socialists can further strangle the public with bigger gov't.
17 posted on 02/10/2009 11:23:08 AM PST by ajay_kumar (Wake me up when the NON-Natural Citizen is out of office.)
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To: neverdem

bFL


18 posted on 02/10/2009 11:26:07 AM PST by Skooz (Gabba Gabba we accept you we accept you one of us Gabba Gabba we accept you we accept you one of us)
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To: 1010RD
It is unlikely our children will ever see Dow 36000, given the current “stimulus”.

Japan's economy has NOT YET returned to its level of 1990.

The economy needs to reset at a level that will make it possible for young poeple to buy homes at a traditional multiple of their income, and for Mom-and-Pop businesses to rent spaces at Shopping Centers again, as they did up through the 1980s.

19 posted on 02/10/2009 12:44:46 PM PST by happygrl (BORG: Barack 0bama Resistance Group: we will not be assimilated)
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To: happygrl
Japan is the right example.

The economy needs to reset at a level that will make it possible for young people to buy homes at a traditional multiple of their income, and for Mom-and-Pop businesses to rent spaces at Shopping Centers again, as they did up through the 1980s.

The economy works. Economy is actually home management and most people do well for themselves. The problem is the government and its ridiculous interventions. 40% of the price of an LA home is from zoning and building code restrictions. Subprime mostly works for the 90+% who are still paying. Government incentives created the crime (mortgage fraud) and welfare attitude across the board. Now we have more of the same on steroids.

20 posted on 02/10/2009 12:56:36 PM PST by 1010RD (First Do No Harm)
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