Posted on 02/21/2009 9:59:37 AM PST by bigbob
The American economy is in the midst of a crisis unlike any we have seen in our lifetime. (snip)
Etc, etc, blah blah blah, ad infinitum or ad nauseum (whichever comes first)...
(Excerpt) Read more at whitehouse.gov ...
For example: "Create or save 3 to 4 million jobs over the next two years." And "Spend out at least 75% of the package in the first 18 months after passage."
It is worth noting and filing away for future reference, i.e. when we are preparing to re-take Congress in 2010 and the Presidency in 2012. Because it is the surest bet in the world than few if any of these assertions will ever become reality.
‘The Obama White House’
The White House
Can you keep the editing off the source data, bash him in the post.
1. Abolish the capital gains tax.That's all!2. Abolish all corporate taxes.
3. Abolish the inheritance tax.
4. Secure U.S. property rights.
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
Joseph Goebbels
“For example: “Create or save 3 to 4 million jobs over the next two years.””
Translation: “If 3-4 million people are still employed after this, I can take credit for it”
That is to close to AARP although it probably means the same thing.
D*mned straight this crisis is unlike any we’ve seen before: its root causes lie entirely in the left’s attempt to socially engineer home ownership for the uncreditworthy on the plea that to not do so was ‘racist’. We’ve *never* had a left-created fiscal crisis—we’ve had ‘conservative’ protectionists (the late, lamented Hawley and Smoot) cause one; we’ve had confluences of business cycles cause one; but the left never managed to actually cause a financial crisis before.
Sure, the managerial class, no longer constrained by any notion that they are working for their stockholders, and naive newbie financiers who’d never seen a recession longer or deeper than the post-9/11 dip and assumed that permanent economic expansion was the norm, magnified the problem by picking up the subprime mortgages that the left forced banks to create and trying to earn fat bonuses by variously putting their shareholders’ capital at risk, or realizing the risks and selling off the shady investments packed as ‘mortgage backed securities’ so that they poisoned the whole world economy.
Still, at root, the poisonous tree grew from the Clinton ‘reforms’ of the CRA and ACORN and their ilk strong-arming bankers into lending to folks they’d never have lent to given their druthers.
Nor have we ever have a financial crisis in which the folks who caused it were given the reigns of government just when the crisis hit. Unlike any before, indeed.
Just watch Wall Street to know the truth. No one is investing because they know the takeovers are coming
Fair enough, I only added “Obama” as a source of clarification, not to bash, but I take your point.
War on Prosperity
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.