So much for “rejecting the politics of fear”
President Obama is losing the stimulus battle. Fiscal conservatives are winning the message war on the Generational Theft Act of 2009. Flailing and desperate, he has resorted to the very “politics of fear” he ran against during the campaign. In a WaPo op-ed this morning, he invokes Chicken Little tactics to scare Washington into ramming his massive, ineffective, debt-stimulating plan through Congress. At least he didn’t use Nan Pelosi’s “500 million” jobs line:
By now, it’s clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring.
Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
The only thing we have to fear is fear-mongering itself.
If Senate Republicans can hold the line, they can avoid the same head-long rush toward repeat failure that led to bailout-mania and stimulus-palooza last year.
It’s a big “If.”
Do your part. Make a call: 202-224-3121. Go to Congress Whip. Join #TCOT’s campaign.
Kill the bill. Stab it. Stick a fork in it. Then start over from scratch.
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Not even close Mr. O. Calm yourself.
You see, when our last President and his supporters spoke realistically about the threat of Islamic extremism, they were using the “politics of fear”. When President Obama and his supporters use the same kind of language to get their porkulus bill rammed through, not so much.
THE SKY IS FALLING…
THE SKY IS FALLING…
THE SKY IS FALLING…
THE SKY IS FALLING…
THE SKY IS FALLING…
THE SKY IS FALLING…
AAAARRRGGHHHHH
obamabot mode off
I cannot for the life of me imagine why this would surprise anyone. Less than six months in Washington, years in one of the most blatantly corrupt political systems in the nation (in Chicago) and people still have actual expectations about this person?
To me, the only thing here that is really newsworthy is the fact that the RINOs actually seem to be getting into gear.
It took Jimmy Carter to bring us Ronald Reagan … maybe we can look forward to something equally (or even more perhaps) impressive this time around.
Than again, we are still paying for the congress of 33 and Jimmy Carter so even if we do, was the trade worth it?
Give him a chance, he’s working on making it the worst.
Truth in advertising:
“but … but … if you don’t pass my stimulus bill, how can I ever repay all my supporters for buying me this office? … please pass my bill … “
But then, he says this:
First, scare the hell out of all non-thinking people. (That would be what he refers to as his “base.”)
Then he describes life back when dictator-loving Jimmy Carter was president. Why does he leave that out?
Why do Dems always skip over the economy of the late 70′s when making this comparison? By any measure the times were far worse that what we are seeing now. Is there something/somebody they would rather not talk about?
And, given that polls show declining support for the porkalooza stimulus package, Americans are indicating they’ll risk a second depression rather than embrace socialism.
This morning a local radio station played a soundbite of Obama basically saying that people “voted for change” so anything he wants, says, or does should be unopposed, unchallenged, and unquestioned.
He forgets that 58 million people voted against him and that Congress – with the same leadership – had a whopping 9% approval rating last year.
Welcome to reality, Mr. Obama.
Michelle, last night Grahamnesty was on Hugh Hewitt’s show and said Reid will try to place a vote on this porkulus tonight. Meaning, Reid probably has the 60 votes.
Great Depression? Did these people ever take an American History class? Great Depression?!
Maybe they did, but all they learned about was slavery and MLK.
BarryO is acting like a little girly man. I guess having glistening pecs doesn’t make you less of a nancyboy once the seeking for power ends and the wielding of power begins. Who does he turn to for sympathy now…he’s thrown most of his family and friends under the BarryObus. The media is getting tired of being left in the dark and fed bullsh*t. A few republicans have grown some spine-like material and fought back, and Harry & Nancy are even more cowardly than The One.
What did he say yesterday? Something to the effect of “I REJECT tax cut proposals from the Republicans…the American people voted for change…”
So much for ‘listening to ideas from both parties to get the economy moving again’.
Liar.
He gave us Daschle and the rest of “the most ethical” cabinet.
If you can’t trust Barack Obama’s world, who can you trust?
Obama has convinced himself that he was given a mandate to push his socialistic agenda. I wouldn’t think 53% of the vote would be called a mandate.
Doom and Gloom! A constant drum beat of the MSM and the libs for a number of years now. I thought chinese water torture was outlawed. We keep getting a constrant drip on our proverbial face.
It is a mandate only when it favors liberals or policies liberals like.
When it favors conservative politicans or policies, 53% would be a “narrow defeat” for the libearl policy or candidate.
You should know by now how that language manipulation works.
to Obama and the libs it is an EMERGENCY..unless they pass this they won’t have more POWER OVER PEOPLE’S LIVES…
which is what this is all about…
On second thought I take that back. We weren’t losing anywhere near 500 million jobs monthly in the 70′s
The Socialist Progressive Democrats are hitting the panic button. Now that they have all the power they have to come up with answers and they have none. Never did.
It’s a lot tougher when every issue can’t be answered by saying, “It’s George Bush’s fault”. They don’t have any other response.
I love how the liberals all seem to forget Jimmy Carter and his 11% unemployment and 17.9% fed lending rate.
I’d say that’s a little worse than 7% unemployment and barely 1% lending rate.
Obama is an alarmist and anxious to complete his rape of the treasury and pay off his parasitic constituents and leftist supporters. Before we allow Obama to turn this once great nation into a Marxist/Communist state we should let it crash and burn. If there are any courageous people left after it falls, they can sort through the ashes and rebuild a new liberty loving free market society. If anybody is wondering what happened to communism after it fell in Europe, just take a drive around Washington DC. These are sad times for the Republic and the weak, pandering politicians are cowering in a corner just watching it fall into an abyss.
When your ideas are not defensible and have been proven to be demonstrably failed policies, you have to skew the discussion and focus on creating victims, villans, and fear.
Show me when The Left has not done this to push through something on their agenda.
You will see this tactic on full display when Obama goes to the microphones. Watch his press conference next Monday.
Villians, victims, fear.
I have to say I resent you using Dr. Doom as a symbol for Barack Obabma.
Besides being a genius of near-superhuman stature Victor Von Doom is a decisive leader and a results-oriented man of action.
Really, except for the malevolence he and Obama have nothing in common at all.
Good call, Jangar.
Remember the thinking of Rahm Emanuel – never let a crisis go to waste. This is the moment the radical left has been dreaming of for decades. They are salivating at the prospects. They do not, by any stretch, want the economy to recover as a free market system.
The stimulus is happening. It will be watered down from what it is now, but it will certainly happen. Republicans don’t have the balls to filibuster, and even if they do, Democrats don’t need 60 votes since it’s a budget measure.
Even still, the GOP is still outmaneuvering the even-more chickensh*t Democrats by letting the bill proceed but being able to pin the blame on the Dems in 2010 and 2012 if the bill isn’t enough (and in this economy, it almost certainly won’t be enough regardless of its merits).
The Obama plan –
1. Destroy the economy
2. Blame everything on Bush
3. Sell us into the European Union
I am not afraid of the depression. I lost my job, but we have saved and we can live on 1500 dollars a month.
Between his histrionic proclamation of impending economic “catastrophe,” and one nominee after another turning out to be a liar, crook, tax cheat (sometimes all three), we should start calling the prez “Barack Odrama.”
No it wasn’t. It was bad, but this is much worse. We haven’t seen the worst part yet. If you look at most of the numbers they are close to where they were in 1982. Real Unemployment is now about 15 percent. Inflation is actually worse if you look at increased money supply. The banking industry in now insolvent. The cost of living is much higher today. We are in for a long sludge, but just as the recession of the early 80s was actually a good thing for many of us, so will this depression be.
Embrace the Fear? Losing 500 million jobs monthly is scary.
Excellent graphic. Come the knock on the door even the weaklings will understand.
—
That everyman be armed-you too ladies.
Watered down? How could it ever be described as watered down? That’s a very strange term to use.
I think you mean that the bill will be more lean from what it is now.
This
manboy has had everything handed to him quite easily in life. He fully expects to get whatever he wants because HE wants it. If he didn’t have so many half-brothers and sisters I’d swear he was an only child. Oh, wait. He’s the only one HE cares about.– RedStateSkeptic
That only helps us if we can get some fiscally responsible conservatives in the running. A repeat of what Bush did the last year or year and a half of his administration won’t help things.
Given the damage the Dems seem hell-bent on doing to our long term economic prospects, I’m not sure that putting a Republican administration in office in 4 years will be to the benefit of the party. Of course, it’d be hard to do much worse than we’ve seen so far this year.
By now, it’s clear to everyone that we have
inheritedhelp cause an economic crisis as deep and dire as any since the days ofthe Great DepressionJimmy Carter.Fixed it for ya
Socky, that could be a great soap opera,’As the World Burns’, starring Barack Odrama.
What does this mean? Why would one look at the money supply? Inflation isn’t measured by money supply. Inflation is measured by CPI type metrics. Are you concerned that inflation might increase now that the money supply has expanded?
I don’t have the energy for this one. Overall, I think you’re too loose with your terminology.
Amount of time it took me before I finally threw up my hands and said: “I give up! George W. Bush is a frikkin’ dope!”: Years
Amount of time it took me before I finally threw up my hands and said “I give up! Barack Obama is a frikkin’ dope!”: 2 Weeks
Paulson fooled me once, Obama ain’t gonna fool me twice.
Check this out. Tennessee Democrat in trouble for stimulus remarks:
Cooper told a Nashville radio show that he “got quiet encouragement from the Obama folks” to oppose the $819 billion package of spending and tax cuts House Democrats passed last week.
Problem: Your $1500/mo. is likely to have the buying power of much, much less, and soon. That’s what producing trillions in play money is going to do to the value of the dollar.
When I read the above all I could do was chuckle and remember the old adage:
“If you add a teaspoon of clean water to a glass of sewage, you get sewage. If you add a teaspoon of sewage to a glass of clean water you get sewage.”
What he specifically stated was: “We can’t afford the same politics of fear that invokes 9/11 as a way to scare up votes” and yes he is doing exactly that but using the economy instead.
Your ability to analyze has improved?
just kidding
I like that quote!
There were some good things about the Depression, like FDR on TV.
Inflation is NOT rising prices. Inflation is the increase in the money supply. Rising prices are the EFFECT of inflation.
The CPI isn’t a direct measure of inflation, but of its effects. The metric that directly measures inflation is the figure for the money supply.
I’m simply breathless at the ease with which Obama talks out of both sides of his mouth! On one hand he says that the recovery will takes YEARS not months but then says we have to act quickly to avert disaster.
This tactic sounds strangely familiar.. Yes, it’s exactly what they’re foisting on us to pass carbon legislation. Even though there is now zero physical evidence of any global warming going on over the last 10 years, they have ramped up their cry for IMMEDIATE action or we’re all gonna die … at some unspecified time in the future.
What I suspect is that signs of short term economic recovery are already rearing their ugly heads, (ugly to the beholders, the socialists), plus the CBO is basically saying that the stimulus package ain’t much of a stimulus.
So they MUST get this passed before natural economic improvement becomes more noticable and before people have time to read between the lines to discover such things as using taxpayer money to bail out criminals, (putting the bondsmen out of work – some stimulus huh?), or taking out the restriction in the House bill that would have helped to prevent illegals from working on public works projects; the Senate version would employ an estimated 500,000 illegals! (hat tip to Laura Ingram for those two gems.)
Let’s hope that this crap sandwich goes down the same hole that the global warming scam is starting to head for.
Obama should hire Vince the Shamwow guy to get the message out – “But you have to act now because you know that we can’t do this all day.”
Good one and it makes me chuckle and remember my own addage that – “Any compromise between the truth and a lie can ONLY be something less than the truth.”
So, his plan is to stretch it out to seven years and then start a war.
Stretch it out and the war will come, intended or not. Economic collapse will push peace beyond the tipping point.
All we need to hear from him now is a complaint about the “malaise” of the country.
Well this is sure leadership for you — What do you do when all you have is fear?
Booo!!!
Poor fellow, is in way over his head. He should have stuck with street walking for votes.
Ah yes, I remember those days well. I used to kick back and watch ole FDR on the telly with my grandkids. Those were back in the early days of color TV and surround sound… we’ve come a long way since then.
FDR was the reason I started playing Water Polo when I was younger. I heard he had played it all his life but for some reason he never wanted anyone to photograph him doing it…. odd.
Yum!
Beacon
flmom — Fixed it for you…
That’s preposterous. Even wikipedia cites four references for the first sentence about inflation which states:
“In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.”
Once again, the High Priests are warning of impending catastrophe, a certain end to all we know and love, the great Apocalypse foreshadowed by the prophets, and there’s NO WAY TO STOP IT!!!!!
Except to raise taxes and spend a Gazillion dollars on big government.
VastLeftWingHypocrisy.com
Wikipedia is your source. Try checking the Von Mises society. Inflation was coined to mean an increase in the money supply. As of 1983 that was the Webster definition. But if we can redefine marriage, we can redefine inflation. The government changed the meaning of the term to mean increase in prices (but don’t confuse it with the bogus CPI).
But either way, we have an inflation problem. Price drops are temporary as business must dump inventory. However when the economy starts to pick up and the inventory has been solf off, prices will jump very quickly because of the increased money supply.
Try this experiment. Give 5 kids 1 dollar each and auction off candy – record the bids. Then give them 2 dollars each and auction off candy – record the bids. I bet these bids double
(Im not an economics major but)
My generalized understanding is that inflation is caused when the overall money supply is increased thereby devaluing the cost of a good. This causes a good to cost more because the actual value of the money itself is lessened.
The price of a good can always independently rise (supply/demand), but that is a separate indication of the actual real value of the good.
Feel free to correct me, since I took my economics classes at 7AM during a summer session and was probably asleep most of the time in those days…
10 years ago I got nervous about stocks, so I bought gold and silver. They will go up in price too.
Frankly my JBS friend told me in 1970 that it is all play money, and would stamp each dollar with “This is not money, nor does it represent money.”
You must have received an “A” in your econ class. You are dead on!
I have just started reading the comments, so I don’t know if this has been mentioned yet…They are talking on FOX about how Obama is “blitzing” the media, including e-mailing everyone, etc. to push the “stimulus” bill. He is going so overboard that people are starting to feel “nagged”. This is overkill and will backfire on him! Some pretty pissed-off folks out there right now. All those people who happily gave Obama their e-mail addresses to he could tell them who his VP choice was and get the information FIRST…are really sorry they did that!
Again, increasing money supply is a form of stealing (or taxation). One CAN NOT create money out of think air. That is why I think you are too loose with you definition of inflation. As far as solvency: Are you kidding me. Without the bailouts, what banks would you think would still be in business today. They care more liabilities right now than assets, thus making them insolvent. Citi bank is certainly no longer viable on its own.
Thanks. Its probably just a by-product of being genetic though. My father was one of those evil Savings and Loan execs and he came to live with me at the university that same summer (while he was working on another degree) after the S&L industry collapsed.
My lifetime mantra “Never let a GPA get in the way of a successful career”
No. Like I said, the four references that Wikipedia used were my sources. You’re being very disingenuous.
No, actually, we don’t.
That’s a sound theory assuming that no monetary measures are taken “when the economy starts to pick up.”
Yes, Inflation is a problem. Because the increase in money supply steals the mmoney people have in the banks, etc, by watering down their value. Do you HONESTLY think the government can create money out of thin air?
What monetary measures? For example what happens when the Fed raises the interest rates (since they are now at ZERO). Yep, costs go up. What happens to taxes when we must repay the Debt? Yep the taxes must go up. What happens to prices when taxes and costs go up? Yep prices go up too.
The gov has to stop draining the pockets of the American taxpayer. We don’t volunteer this money. It’s stolen; taken from us by force, before we can even cash our checks. The more the gov spends, the more we are treated as nothing more than an endless supply of cash. It won’t be long before we had nothing to show for a day’s work.
If this were a republican president talking like our Kenyan Bastard in Chief, he would have impeachment hearings taking place.
I noticed over on Drudge that Mein Fuhrer has called for a Monday night press conference.
He ain’t too good at speaking without a script, much less facing the press, which seems to be losing it’s chubby for him.
You’re just making things up now. From the most recent Citigroup, Inc. SEC filed financials at sec.gov.
Total Assets: $2.05B
Total Liabilities: $1.19B
The fed hasn’t created money. They’ve levered up. Kinda like taking out a mortgage to purchase a home.
Look, I’m certainly against more deficit spending. And I certainly agree that it can be a contributing factor to inflation (as can energy prices). I just want to help Michelle’s website consist of credible postings. I believe discussions which flesh out the details underlying blanket statements are valuable.
On February 5th, 2009 at 12:28 pm, madmonkphotog said:
I noticed over on Drudge that Mein Fuhrer has called for a Monday night press conference.
He ain’t too good at speaking without a script, much less facing the press, which seems to be losing it’s chubby for him.
—————————————
He should have known they might not respect him in the morning, er, after the election.
We’re discussing monetary inflation vs price inflation.
CPI is used to calculate price inflation. It measures the cost of a basket of goods over time. The problem is that energy, taxes, and real estate costs are in those prices, so the cannot be excluded as the government would tell you.
Money supply (M1, M2) are used to measure monetary inflation.
However, it is more complex than simply stating inflation is the money supply. The Fed controls the money supply through interest rates, the reserve rates, and the amount of money in circulation.
Don’t you just love Von Mises to pieces?
Easy now. You’re going haywire.
Taxes DO NOT NEED TO GO UP IN ORDER TO REPAY DEBT. That’s like saying that nobody can pay their mortgage without getting a raise.
Even Reagan agreed that deficit caused debts can be repaid by balancing the budget. A growing GDP just makes it easier.
I would certainly help you push for a balanced budget if you’re interested.
What is the value of people’s money in the banks????? It’s the amount of goods and services that it can purchase. The amount of goods and services that can be purchased is determined by the costs of those goods and services.
So, thanks for finally agreeing with me.
Interesting that he should use the word “crisis“. That’s the name of stage 3 of the 4-stage Soviet plan of Ideological Subversion.
Reminds me of an old Communist Russia joke amongst the workers:
We pretend to work and they pretend to pay us.
Great example. Now, as adults (poeple who know), we know as soon as Uncle Sam knows you have double the buying power (money), he will increase taxes (which is why Dems love to tax the rich). At the same time we all know greed rules the day so the market (knowing full well you have double the money) will increase their prices or hold back their stock to drive up prices. Banks, being in the forefront of greed, will increase their lending rates…and on…and on…and on… Result? Inflation. Such a pattern is readily discernable throughout history. More money will always result in inflation and the devaluation of the dollar.
These Democratic Socialist Communists don’t seek to revive our economy and our nation. They seek to bankrupt it.
Then they can “change it, rearrange it” into the socialist/communist society they envision.
We don’t have a Commander-in-Chief, we have a Saboteur-in-Chief.
RedPill, I have no doubt that you are correct. There is absolutely no reason why sincerely-motivated lawmakers would continue to stuff a bill full of pork that will come to fruition YEARS FROM NOW, and then tell us we HAVE TO AGREE TO IT NOW!! We have all seen many examples of the outrageous and insulting pork that has been rolled into this stinker.
Meantime, the economy chugs along, battered by the “bailout” and “stimulus” but still alive and well. And our lawmakers seem to want to do everything but that which will really help the economy…such as removing the CRA requirements for mortgage lenders, lowering capital gains taxes, and other simple, common sense ideas that will REALLY stimulate the economy.
Disgusting.
Right. Like GWB’s 2004 “mandate” with 48% of the vote? I guess it makes sense if you consider he won his first term by -500,000. Winning with a positive margin probably feels like a mandate after that.
LOL, how quickly you forget! Leveraging fear isn’t a liberal thing, it’s a politician thing, and it’s never defensible.
“We have nothing to fear, but Obama & Co.
themselves.”
How can the media save this for him?
Quilled Pens and Broken Eggs
This is totally off script guys! I am supposed to be the prevailer-in-chief!
yep, it’s true – you people have gotten dumber – how were you able to accomplish what looked to be impossible?
“Republican Rep. Pete Sessions of Texas suggested his party could follow the model of the Taliban in its legislative battles.” – typical republican
“Cheney warned that the proposed closing of the Guantanamo prison, along with greater restrictions and limitations on interrogation tactics, puts the nation at severe risk of terrorist attack” – typical republican
On February 5th, 2009 at 1:42 pm, Ilovemycountry said:
yep, it’s true – you people have gotten dumber – how were you able to accomplish what looked to be impossible?
“Republican Rep. Pete Sessions of Texas suggested his party could follow the model of the Taliban in its legislative battles.” – typical republican
“Cheney warned that the proposed closing of the Guantanamo prison, along with greater restrictions and limitations on interrogation tactics, puts the nation at severe risk of terrorist attack” – typical republican
—————————————
The first quote was a bit whacked, but I happen to agree with Cheney’s quote.
And, if you hate us so much, why keep coming back here? Trust me, you would not be missed.
“You people”, by the way, is the language of a REAL bigot.
Get gone.
On February 5th, 2009 at 1:42 pm, Ilovemycountry frothed incoherently.
On February 5th, 2009 at 1:49 pm, b-cat said:
On February 5th, 2009 at 1:42 pm, Ilovemycountry frothed incoherently.
————————————–
How, exactly, is it “dumb” to think that Pres Obama’s plan to shut down Gitmo with no plan for what is to be done with/about the prisoners could be a security risk? ILMC has no answer for that. He just loves to throw around the word “dumb”.
I say, having no debate tools up your sleeve except personal insults makes you the “dumb” one.
Get gone, ILMC. You have nothing worthwhile to say.
I love how he just grabs numbers from thin air and even his numbers don’t make sense.
So spend a trillion dollars and we will still lose 2 million jobs!!!
When the money is used. For retiring, one must plan for 20 to 40 years, not just the next year. So NO I don’t agree with you at all.
You waiting for Obama to show character? You don’t understand, the entire campaign was all jive talk, a shuck and jive act, a hat and cane minstrel dance.
And you come along expecting he was talking the truth. Hah…
Now you are talking fantasy. To balance that budget one must pay the interest on these loans. They will soon be about 1 Trillion Dollars per year. And that is just to break even. So what are you willing to give up to balance the budget: Defense spending. Social Security (which will soon be in the red)? Medicare? Public Schools?
Nope instead we must increase the taxes in order to balance the budget.
Then you must also consider property taxes and state taxes. As their costs go up (because of the increase in money supply, then the taxes go up also.
BTW: You still haven’t explained how the government can create money out of thin air.
What’s wrong with loosening and tightening monetary supply via interest rates to attempt to help boost and ease GDP? Most fed actions are viewed as being quarterly decisions only. You do understand what the federal reserve is and its sources of capital, right?
I agree that we need to decrease spending and balance the budget. However, you’re wrong about inflation. Increased deficit spending by the federal government (different than the federal reserve) DOES NOT EQUAL increased inflation. The inflation reported in the news. The inflation discussed along with GDP and productivity. The inflation that most people mean when they casually discuss inflation.
Of course other types of inflation exists. Budget inflation exists. Grade inflation exists. Hell, even tire inflation exists.
Surely, you don’t call yourself a Republican. Right?
Crazy talk. Local and state costs go up because of the increase in money supply? Please detail the steps you missed in explaining the mechanism by which an increase in money supply raises state and local costs.
Reread #69 and cease your sophomoric statements.
– Mister P
Mister P is absolutely right on this note. Printing money at any rate higher than that required to replace that money which has worn-out will, to a greater or lesser extent dependent upon the volume, reduce the value of existing money, for the exact reasons he has described in his comments. It devalues our wages/salaries, as well as any savings we might have accumulated.
In effect, printing large sums of money is a tax on all our life savings and our current earnings.
1. What exactly do you mean by “printing” money?
2. I never said that such actions wouldn’t contribute to inflation. What I said, and continue to insist, that such actions aren’t defined AS inflation.
The “inflation that everybody means”? So if a lie is told often enough, in your mind it becomes the truth. But you sure are in DENIAL about the effects of an increased money supply. You seem to think one could create money out of thin air.
I am NOT a Republican. I am independant. I believe Political Parties ar unamerican. They are legalized conspiracies, and we are seeing what the Democrat Conspiracy is doing right now.
There is a myth that Bush decreased taxes. If you were an independant contractor you would know that is not true. Payroll taxes (over 15 percent) increased each year as it was taken from a larger gross limit. Bush did not balance the budget either. He engaged in Socialistic activities like (drug program, No Child Left Behind, Shamnisty, and an obviously illegal bailout).
The MUST from the earlier post comes from having too much debt and the effect it has on Income.
We are getting whacked in too ways by the BO Republicans, the Democrats and the Feds. The Fed prints money, thus devaluing the current money in circulation, and The Political Parties pass HUGE bailout/stimulous/patronage bills that increase the national debt.
It is one gigantic PONZI scheme and eventually it will lead to a crash. Again read the mises.org site as they are dead set against the Keynsian economy that we have engaged in since the creation of the Fed.
corkie, again about the definition of inflation: http://mises.org/story/908
So you resort to being paternalistic. If you want to have discussions, you must learn express opinions without resorting to such insults.
The real inflation will take place when all that money that people and businesses are squirrelling away comes out again when the MSM lets the economy be good again.
Yes, the economy is bad, but not as bad as they would have us believe. Remember the role that consumer confidence plays in all of this. The MSM have that one locked down.
On February 5th, 2009 at 3:38 pm, John Deaux said:
The real inflation will take place when all that money that people and businesses are squirrelling away comes out again when the MSM lets the economy be good again.
Yes, the economy is bad, but not as bad as they would have us believe. Remember the role that consumer confidence plays in all of this. The MSM have that one locked down.
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Convince people that they are doomed, economically speaking, and they will be afraid to spend money. Hence, they will stop spending, hence, the economy gets worse – unless people don’t let the fear of the MSM hold them back (and, no, of course they shouln’t live beyond their means; they just shouldn’t be so afraid that they cut back unnecessarily).
Kill the Bill
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