U.S. Can’t Continue As Engine That Drives the Global Economy, Obama and Geithner Say

CNSNews ^

[tflabo]

“Yes We Can” has become “No We Can’t”

Which cycles back to 'Yes We Can'.....destroy the American economy that is, and ---- turn it into a 3rd rate country.

[tflabo]

Let there be no doubt as the evidence proves.....

[catnipman]

U.S. Can’t Continue As Engine That Drives the Global Economy, Obama and Geithner Say

Looks like the Obamunists’ planned economic destruction is starting to bear its desired fruit, namely the destruction of the U.S. as a world economic power. Soon the U.S. will be Western France, all according to plan.

(BTW, if you read this and think I must be an embittered crank to express such thoughts, please understand that I’ve arrived at this position some time ago after months of study and thought. During my life, I have earned two degrees in computer science, read thousands of books, read almost every issue of the WSJ for the last 20 years, and for fun, used to occasionally skim an entire encyclopedia, pre-Internet. So, I am not an uneducated man.

When analyzing the Obmamunists’ economic policies, one realizes that almost every policy is detrimental to its announced intention. For example, spending trillions of borrowed dollars and then eventually massively increasing tax rates “to avoid a crisis” will pummel the U.S. economy. First of all, tax rate increases are always detrimental since they remove money from productive uses in the private economy. And second, tax rates can’t possibly be increased enough anyway to support borrowing an additional trillion dollars each year, thus guaranteeing inflationary weakening of the dollar. And deficit spending is just one of at least a dozen major policies that will economically haunt the U.S. for a decade, or perhaps much longer for some policies, such as Obamacare.

So, one must ask oneself, “Why are they doing this”? There are really only two answers to this question, namely:

1. They are ignorant fools who are completely unknowledgeable about economics and history, and are acting with good intentions, but are simply severely misguided due to their own ignorance. 2. No one in those positions can possibly be that stupid and/or that ignorant of basic economics and history and are therefore ignorant of the long term negative consequences of their chosen policies, thus they must be acting with malice, intent upon deliberately wreaking havoc on the U.S. economy to implement whatever ideology it is that they believe requires such destruction.

You can draw your own conclusion as to which of the above is more true.)

[OldNavyVet]

"The Road to Hell is paved with good intentions." Karl Marx

And ... don't think Obama doesn't know it ...

The Road to Hell, via disaster (in any form, including economic or oil spill or hurricane), is THE road to power for socialists.

[TheThinker]

Obama: It’s OK to be mediocre.

[Gator113]

Obama preaches this while he raises our debt into the TRILLIONS.

Generations yet unborn are already in debt thanks to this jackass and his lib tribe.

I want Obama to rot in Hell..... the sooner the better.

[algernonpj]

Thanks for the links. Saving them for more thorough read.

[Chode]

i guess you could print it and use contact clear plastic or packing tape