Posted on 07/11/2011 11:07:51 AM PDT by lbryce
Not only is Obama assuring that he will go down as one of the worst Presidents in history, but for those who have any doubts, he is also making it clear that his only allegiance is to the capitalist classes and their knowledge worker arms and legs.
You don’t need to go further than the first page of today’s New York Times for proof. The Grey Lady has realized rather late in the game that automatic stabliizers and emergency programs have been propping up the economy, and the fact that they are soon to disappear will be more than a bit of a downer. Apparently it is now OK for Pravda to make that shocking revelation from Moody’s (the source of the key data in the article) because the budget debate is so far advanced that the executioner has already started the downward swing of his axe; the only question is whether he will get a clean kill of the average citizen’s economic wellbeing or whether it will be a protracted, messy death. From the New York Times:
An extraordinary amount of personal income is coming directly from the government.
Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics. In states hit hard by the downturn, like Arizona, Florida, Michigan and Ohio, residents derived even more of their income from the government.
By the end of this year, however, many of those dollars are going to disappear, with the expiration of extended benefits intended to help people cope with the lingering effects of the recession. Moody’s Analytics estimates $37 billion will be drained from the nation’s pocketbooks this year.
(Excerpt) Read more at nakedcapitalism.com ...
Honestly, it’ kind of funny how Hoover gets maligned. He did screw up, no doubt. However his screw up was doing was FDR ended up doing even more of. FDR actually ended up doing more damage.
Hoover?? More like Mussolini.
Mussolini had leadership qualities that Obama can only dream about. He put people to work. I only wish Obama was a bit more like Benito.
How about Muslimolini.
.
Hoover (believe it or not) didn’t cause as many problems as his predecessor FDR did.FDR did just what Bam is doing, prolonging the depression.
‘Nito had the trains run on time. This moron can’t get anything done on time.
Obama is clearly following in the footsteps of the socialist Chilean President Salvadore Allende. Problem is, we might need a Pinochet to remove this disease carrying tick from the White House.
hey that’s not fair. he’s well ahead of schedule to destroy the economy.
FDF was Hoover's successor. Hoover was FDR's predecessor.
Just in the interest of accuracy....
Regards
Bonehead
"Boy, the way Glen Miller played. Songs that made the Hit Parade. Guys like us, we had it made. Those were the days! Didn't need no welfare state. Everybody pulled his weight Gee, our old LaSalle (a car) ran great. Those were the days! And you knew where you were then! Girls were girls and men were men. Mister, we could use a man like Herbert Hoover again. People seemed to be content. Fifty dollars paid the rent. Freaks were in a circus tent. Those were the days! Take a little Sunday spin, go to watch the Dodgers win. Have yourself a dandy day that cost you under a fin (five dollar bill). Hair was short and skirts were long. Kate Smith really sold a song. I don't know just what went wrong! Those Were the Days!"
In short, Hoover was blindsided by the usual suspects, much as was the second Bush. And, as in Bush's case, Hoover's successor and his communist apparat must bear the lion's share of the blame for tipping the economy into the abyss and then running the printing press and creating the leviathan state, all in the name of 'getting the economy moving again'.
Finally, Hoover was a natural born American who loved his country, was a God fearing man of the highest personal integrity who knowingly would never have done harm to his fellow American citizens. He was a school trained geologist and became extremely successful in the mining industry worldwide. As President, he was not a conservative - but he was dealt a very bad hand. To compare him in any way to the Undocumented Alien from Nairobi does him a grievous insult. The Undocumented Alien is no Herbert Hoover. He is most like Elagabalus, another narcissistic, degenerate usurper.
Moody’s Analytics estimates $37 billion will be drained from the nation’s pocketbooks this year”
Uh, no, $37 billion will be drained from the pocketbooks of folks who actually produce something to those that don’t.
Exactly... America has become Glorias, Meatheads, Archies, and Ediths.. generally..
Oh! and George and Weezie Jeffersons..
How is that anything like this Affirmative Action HR pass-along that is currently befouling the White House? Obama is ignorant, arrogant, and no patriot.
Son-of-Darth....you got me there.
He IS destroying America in less than eight years.
$4trillion in cuts over 4 years. Anything that is longer term than TODAY in Washington is entirely fictional, or at best airily speculational. If these “cuts” are put in place, in four years the spending will be higher than if the deal had not been made in the first place. It is because the debt limit will have been raised as part of the deal. Each year the debt limit will have to be raised again to meet the unforeseen circumstances that all parties involved can already foresee. Any deal that allows the limit to rise is not even remotely serious. Any deal that does not require a falling debt limit is a refusal to deal with the problem.
Hoover proposed and got enacted pretty much the same things that FDR began with. The difference was that the USSC shot down all of it. FDR waited till he got a Court more amenable to dictatorship and that stuff was upheld for him.
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