AMERICA AT THE CROSSROADS OF HISTORY
Posted on 09/02/2009 2:29:32 PM PDT by Kartographer
Most Americans have a lot riding on the success of the government's efforts to pull the U.S. economy out of its ditch: individual investors, bankers, Federal Reserve Chairman Ben Bernanke, Democratic politicians, and taxpayers. A somewhat smaller group has a lot riding on the failure of these efforts. I'm not simply talking about investors who are betting against the markets and who believe the recent stock-market rally is overdone. I'm talking about the Failure Caucus, a group spanning the political spectrum that has invested reputations, egos, and, in some instances, their political futures on the notion that we're in for several more years of economic trauma.
(Excerpt) Read more at newsweek.com ...
We're not?
Gee I sure hope Socialism and Communism leads a big surge of profits and economic activity. What a Dupe.
” in some instances, their political futures on the notion that we’re in for several more years of economic trauma “
That’s DEFEATIST talk - haul ‘em off to the Gulag for reeducation!!
What does he mean, “again”?
I want the economy to continue failing. I want unemployment to continue to rise.
Why? Because the government schools have churned out a population that is incapable of getting the message any other way: Obama is a Communist. Obama is a Fascist. Obama is destroying the United States, and WANTS to destroy the United States.
If the economy is “good,” the morons who voted for Obama the first time will vote for him again.
Now, it's CYA mode.
Let's say a man grabs my daughter to sacrifice to the volcano god to appease the long drought. Do I want him to fail? I know he's going to fail, what I want is my daughter back. Same goes concerning capitalism, Obama and the economy.
Let's say a man grabs my daughter to sacrifice to the volcano god to appease the long drought. Do I want him to fail? I know he's going to fail, what I want is my daughter back. Same goes concerning capitalism, Obama and the economy.
Indeed. It’s pretty hilarious to be lectured about economics by a clown who works for an industry on (self-inflicted) life support.
Daniel Gross attended Cornell University and holds an A.M. in American history from Harvard University
Not that interesting.
It is as simple as more debt doesn’t fix a debt problem.
We have a major debt problem. From the individual all they way up through the state government to the federal government.
It is plain foolish to think more borrowing is somehow going to right the ship.
i don’t belong to any group but i’m betting and hoping for the economy to fail and send us into a depression.
So, we're all supposed to be impressed by this guy because he has degrees from two Ivy League schools? Argumentum ad verecundiam?
Actually, If the economy begins to rise anytime soon, even very slowly and stays on an upward course, it is evidence for the masses that the government “rescue” measures have worked. If the intervention has worked then there is no argument left for free markets of any sort because the government really does know how to do it better than the dumb market. So, for that reason, I hope the market is not seen as recovering for a long time yet, at least until a new Eisenhower comes along to deregulate things and get the government out of the way. The Ike Boom was the real end of the Great Depression. The War didn’t do it. The War converted it into a full-employment Depression but the economy did not improve. People were no richer. The arms industry did fabulously but the labor involved was just a degree away from slave labor. Because of controls wages did not rise. The country “lapsed” into post-war recession through Truman’s administration and until the 50s boom.
They were already right, or we were. This “recovery” isn’t yet, and it would have been if not for Obama’s meddling. His own forecast shows that, without the stimulus, we would have had less unemployment than we have now (he now of course claims that they were stupid when they issued their forecast — but that itself is an admission of stupidity).
We all know that eventually, we will recover — even Obama can’t destroy this country, and the American People are working even now to take back our country.
So even if this is the beginning of a long, slow recovery, we all know that the debt is higher than it should be, the recession was deeper and longer, unemployment greater, and the recovery slower than it would have been if Obama had any idea what he was doing.
And neither one of them has anything to do with economics!
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