The Five Errors

nysun.com ^ | 3 Sept 2011 | NY Sun Ed

[cc2k]

I think the New York Sun might have discovered a copy of Presdent Obama’s “plan” that he’ll announce in his speech on Thursday.

[Twotone]

On the news this morning they said his speech wouldn’t have specifics, or at least ‘few’ specifics. In other words, he’s going to blame the GOP for not cooperating with his agenda.

When will people stop listening to that yahoo?!

[BenLurkin]

The tragedy of Mr. Obama’s presidency is that he has committed nearly every one of the errors that extended the Great Depression

Tragedy my eye. It was intentional on his part.

[Wonder Warthog]

I've recently read Ms. Shlaes' book. She makes a pretty devastating case against the "conventional wisdom" about the effectiveness of the "New Deal". She also points up that the actions taken by FDR's Republican predecessor, Herbert Hoover, were equally misguided (unfortunately, just like Bush II's). History seems to be repeating itself...the difference is that Obama is even less competent than FDR.

A good read, and highly recommended.

[LMAO]

The fact that BHO is incompetent is a blessing.
Imagine the damage he would do if he was competent

[engrpat]

For an excellent read on what FDR did wrong and prolonged the depression read here.

It is written by two UCLA economist.

[Siena Dreaming]

actions taken by FDR's Republican predecessor, Herbert Hoover, were equally misguided (unfortunately, just like Bush II's

I wouldn't cleave too tightly to the comparison; Hoover raised taxes...Bush lowered them.

[LibertarianLiz]

On the news this morning they said his speech wouldn’t have specifics, or at least ‘few’ specifics

And for these "few specifics" he insists on a joint session of Congress.

[Dick Bachert]

[Dick Bachert]

[shield]

He has done everything possible to destroy the US economy and jobs....maybe he is trying to pay back America because of what President Reagan did to destroy the Soviet Union. Guess him and his commie friends have been saying PAYBACK TIME.

[Cyber Liberty]

One of Bush II’s first acts was to install import restrictions to protect the domestic steel industry. Comparing Bush to Hoover runs closer than you might think.

[Cyber Liberty]

One of Bush II’s first acts was to install import restrictions to protect the domestic steel industry. Then, TARP was Bush’s idea. One of the most grievous things I heard come out of his mouth was “The free market has failed.” Comparing Bush to Hoover runs closer than you might think.

[GreenAccord]

Your link does not go to any content. Can you repair that and repost?

[GreenAccord]

Never mind, I found it. This link is correct

(You had an extra pair of quote marks in your html link)

[lentulusgracchus]

maybe he is trying to pay back America because of what President Reagan did to destroy the Soviet Union

Or because America is so white. Or so infidel.

Barack Obama's hatred of this country has multiple vector axes, but they all point at us. Single cause, single motive, single operator -- many avenues of attack speak of a powerful, towering hatred.

Guess he's displaced his hate for his father and Frank Marshall Davis onto us typical white people instead.

Remember, he told us in his ghostwritten bio that he chose to identify as "black" rather than "African" or "multiracial" or "colored" (what people of mixed race are called in South Africa and other societies). He chose it ....... he must have had something in mind.

[Wonder Warthog]

"I wouldn't cleave too tightly to the comparison; Hoover raised taxes...Bush lowered them."

I didn't say they were the SAME actions, just that they were equally misguided. Bush's mistake was with the deficit funded rescue of the banks with the "too big to fail" BS. WRONG, WRONG, WRONG. He should have let true capitalism take its course, and let those who made mistakes suffer from them. Instead, "they" (i.e. "quantitative easing" recipients) make out like bandits, and everybody ELSE suffers.

[Siena Dreaming]

During the Great Depression, they let the banks go down.

As a result, no one was able to get a loan to start a business, buy a house...spending froze. No credit was available and everyone suffered.

Bush's action was in direct contrast to what they did during the depression.

[Wonder Warthog]

"Bush's action was in direct contrast to what they did during the depression."

And for the time period, exactly the wrong thing to do. Today's banking system has a lot more safeguards in place than in Hoover's day. Bush should have simply let those safeguards work.