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It's Still Not My Fault and I Feel Your Pain
From The Daily Capitalist
The State of the Union
I will say that President Obama is pretty good at this speech stuff. Remember last year when Professor Obama said that the adults are now in charge and we're going to clean up the mess the kids made? This year had a much different tone. At times he almost sounded humble. Thank you, Massachusetts.
This time he hit right to the heart of what his pollsters and advisers were saying: "It's the economy, stupid." He didn't even get to health care until he was about half way through his speech. But he says he understands what we're going through and the government is going to save us. Again. He said "we" (I guess that means his administration) prevented another depression. Thanks a lot. I think.
He launched right into the banks and said we're not going to put up with that sh*t anymore. Not really, but it sure felt like he was mad at them.
All the rest were the usual ornaments that politicians love to decorate the legislative Christmas tree with. This program for small businesses, a tax credit for that, green jobs, "China’s not waiting to revamp its economy ... Well I do not accept second-place for the United States of America," free college stuff, a jobs bill, energy independence, more stimulus, yadda, yadda, yadda.
Actually he did say something good about nuclear power and offshore drilling. "Tough choices," he said. Fair enough.
Much of what he said was the usual thing that presidents say:
I have never been more hopeful about America’s future than I am tonight. Despite our hardships, our union is strong. We do not give up. We do not quit. We do not allow fear or division to break our spirit. In this new decade, it’s time the American people get a government that matches their decency; that embodies their strength.
He kept calling it Bush's recession over and over and over. I'll give him that. But both parties were equally culpable. It just happened to crash on Bush's watch. But it gets old when he has to keep reminding us that it wasn't his fault. He has no clue.
So here we are in Year 2 of Obama and we need another jobs bill because the first one didn't work. Please! These guys never examine their premises.
The almost funny part when he said, dead serious, "[E]ven as health care reform would reduce our deficit, it’s not enough to dig us out of a massive fiscal hole in which we find ourselves." This is why we're in trouble. He and the Democrats actually believe this.
He noted that we are headed for massive deficits:
So let me start the discussion of government spending by setting the record straight. At the beginning of the last decade, America had a budget surplus of over $200 billion. By the time I took office, we had a one year deficit of over $1 trillion and projected deficits of $8 trillion over the next decade. Most of this was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program. On top of that, the effects of the recession put a $3 trillion hole in our budget. That was before I walked in the door.
His solution to runaway spending and the financial collapse of Medicare and Social Security? – a bipartisan commission. This is not good. Until they understand that they are the problem the result will be massive tax increases because politicians can't cut spending. Besides, it's not his fault.
He did get to the point that he will pull out of Iraq by August. I have my doubts that it will happen, but it's fine with me: let's go home. Most foreign policy issues were an afterthought.
The ending of the speech was was pretty good. It was meaningless but he says meaningless things so well. You will recall that several minutes went by and no one clapped or hooted as he basked in the glow of America's greatness and how we're not afraid of hard work. Reminds of me Bush ("It's tough. It's hard work").
And then there was the usual ending all presidents leave us with: hope.
We have finished a difficult year. We have come through a difficult decade. But a new year has come. A new decade stretches before us. We don’t quit. I don’t quit. Let’s seize this moment – to start anew, to carry the dream forward, and to strengthen our union once more.
Wow.
What I really dislike about him is how he always frames the argument in terms of what he even referred to in his speech as "false choices." He keeps setting up the opposition as straw men and then knocks them down. How can that be bipartisan? He took a dig at the Republicans saying that he's waiting for some good ideas about health care from them. That should tell you something about his agenda.
I see Congressional stagnation which is a good thing.
Obama won't change. And I hope he doesn't. A move to the center might win him a second term.
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The Crooked Banking Cartel has it right. Pay out the largest bonuses possible, transfer it to offshore bank accounts, and get the hell out of here.
ROME IS BURNING. OBAMA IS FIDDLING. BERNANKE IS PRINTING PAPER FOR THE FIRE, TIMMY IS DANCING, PAULSON IS PRANCING (Putin made me do it), AND CONGRESS IS FIGHTING YESTERDAY'S BATTLES.
WHILE CHINA SLYLY SMIRKS.
THE COUNTRY IS LOST.
AS WALMART GROWS, AMERICA SHRINKS.
All the financial paper in the world, will not replace America's lost engine of growth- it's outsourced manufacturing base. And I, sir, am an optimist.
they let us vote so we can feel like we have a choice.
if our vote changed anything, they wouldn't let us vote.
I'm not interested any longer.
Anyone who would call this Rezko hood Obama a "socialist," has simply accepted the nonsense Obama says in his speeches.
Obama is carrying out a Mellonesque liquidation, right on schedule, right on cue, according to the script. Cartelization, supply chain collapse, demand collapse, race to the bottom currency schemes--the whole nine yards.
You're exactly the sort of person Obama and his controllers would like to have broadcasting propaganda--you're a fool.
The policy of artificial government support for housing is killing us. The consequences of supporting the criminal behaviors of financial oligarchs has and will continue to be RUINOUS...
Obama's speech said little about WHY he packed his cabinet with Goldman alumni, the same people who created this mess and have die-hard allegiances to Wall Street are not going to suddenly protect MAIN STREET!!!
Why do Geithner and Summers still have jobs?
Keeping Housing prices artificially propped up IS THE PROBLEM, not THE ANSWER!!!
Barney Frank had already semi-officially declared high home prices to be government policy. But this is different…this is from the President.
They are working to “lift home values, allowing “millions of Americans to take out new loans“…do they not remember how we got in this mess in the first place?
It is true that rising prices increase equity and that equity can be withdrawn and spent. This mortgage equity withdrawal (MEW) can provide a short-term boost the economy, but the long-term results are obviously disastrous.
Continuing to borrow more money as home prices rise, hoping to someday sell and cash out before the inevitable collapse, is quite literally a Ponzi scheme. This was the economy from 2002-2007.
It doesn’t take an MBA to realize that this path does not lead to economic prosperity.
Who benefits from high home prices?
Banks – who take a greater share of our paychecks
State and Local Budgets – who take a greater share of our paychecks
Who is hurt by high home prices?
Homebuyers – who can’t afford a decent house
Homeowners – who pay too much in interest and taxes
Every other shop or business where that extra money could have been spent
The whole economy as this excess money is wasted on taxes and interest rather than on innovation and starting small businesses
So…why does the government want to lift up housing prices?
The answer: to restore enough homeowner confidence to prevent a stampede of strategic defaults that could cripple the economy.
For example: if Obama had said that the government was working to keep our banking system solvent while the housing market continues its natural market correction, millions of underwater homeowners might decide it’s not worth trying to fight anymore and walk away.
I would have preferred that Obama announce a principal reduction program that would have helped ease the debt-burden for millions of homeowners. Or, more simply, he could have announced support for bankruptcy cram-downs, allowing judges to reduce mortgage debt. This is the kind of help that homeowners actually need.
Instead, he proudly announced that the government will continue to spend billions to make owning a home far more expensive than it should be.
I'm a member of the "Mad as Hell" party.
The Republicans and Democrats can both burn in hell.
I didn't watch the SOTU. F Obama.
+2
Hope, Nope, Dope, Joke.
He has just figured it out after a year in office, he ain't running anything.
dup
Of course he's never been more hopeful cause that's the only thing he has left to work with. We're out of everything else except of course, partisan political propaganda to confuse us. Both parties got us here. It seems ridiculous to try and make a distinction. Neither operate on the principles they claim to stand on. Both are bought. Both now have the final green light from our highest court. Both need to be removed. Only independents can take command and restore true capitalism along with that archaic list of ten rights.
Thanks to the Supreme Court Ruling , we will now get the Pros in. Think in terms of H1B visas that now become extinct as Corporations buy themselves legislators who will sign the legislation they write that allows them to import as many skilled workers as they want , pay them as little as they want and keep them here as long as they want.
No shareholder will disagree as if shareholders have any power anyway, but how can they disagree when management promises them a 100% increase in EPS thanks to firing every skilled American worker in the place except the 5 guys in the C-Suite who wrote a contract so tight they will never be pried from the corporate steering wheel.
Now take that policy and apply it to Health Care. The status quo that people have been fighting to keep at any cost will soon find companies like Humana operating their won hospitals staffed with all the Dr's and Nurses they want at 20G a year from any poor country that has a medical school. If you love what you have now, your just gonna love this even more.
There has been one constant. Nothing has been done by either party for the people who make the country work. Arguments can be made about taxes for the wealthy create the jobs or only wealthy people create jobs, but that is the big lie that the Supreme Court 's ruling will show in all it's glory as the notion of an American working is seen as Quaint until the bottom 99% finally decide that living in shipping containers will be adequate. By then it will be too late as their skills will have eroded so much they can no longer compete.
That's what real Corporate run America is going to look like. There are many more examples , but to save time, just look south to Mexico for what's coming here.
Good God this is Good. As in, I can't believe this is actually happening but it is actually happening.
+1
My heart aches (my "pain") for leadership or "doing" {vs "talking only"} the "right" things) in/for our country.
It was only at the end of the very end of this SOTU speech did I find agreement. But even then the last sentence of the last paragraph could have been enhanced.
May "God (not only) Bless America"; may He also save this great country in a manner He best sees fit (and perhaps including new leadership this fall and in 2012).
Tyler, Marla, if I adopt a cute fictitious name, can I post partisan political propaganda on your website?
In the distant future, the former American middle class will figure out that whether you're dead from a "terrorist" attach or you're dead from lack of health care, bottom line is, you're dead.
That smaller government means, first of all, getting rid of 42, 000 registered lobbyists who are not popularly elected nor are they elected by an electoral college. If business needs someone to "intervene," then the business can go away. The term used is creative destruction. Happened to Woolworth. I'd be interested to hear how many lobbyists Woolworth had before they folded. Second, get rid of the Feder Reserve. Only elected officials should populate Washington, DC, and then only for a term limit. Career government worker should be a contradiction.
Hahahackhackha!
I agree about the lobbyists and the Fed. Total amputation. Although I feel that it's the lobbyists and backroom deals that turn congresscritters into corrupt blacklegs. If a district likes how they are represented, and corruption is zealously prosecuted, why not keep your man in there?
This time things are different—government intervention has gone too far. Government’s main economic function is to encourage and preserve a free market.. But after 97 years of Fed tinkering, and with Greenspan and Bernanke at the wheel these past 23 working in tandem with Big Brother, the damage is irreversible. This car won't run anymore.
The current account balance due in 2010 on this economic lemon is $14.3 Trillion, $102,142 for every worker, or $408,571 for a family of four, according to Nathan Martin's accounting.
To those who insist on increased handouts to select groups by taking it away from somebody else—or themselves--it means increased taxes or increased deficits and increased inflation. In the end, inflation misdirects and disorganizes production and causes depression.
So, now, to rev up this clunker, Obama has a “tax-cut road map.” It’s a 2010 pit stop for businesses to pick up a $5,000 tax credit for each net new hire and maybe some SS tax credits on increased payrolls if they will just please raise wages or increase hours for current workers.
At the same time, on this road map to serfdom, new union hires at Ford Motor Co., General Motors Co. and Chrysler Group LLC will earn about half what current workers received when they started--a little more than $14 an hour on average with reduced benefits.
It’s interesting that 1913 not only ushered in the Fed but Henry Ford’s moving assembly line that produced an affordable car and created an urbanized middle-class by creating an economic environment to create mass consumption. Ford’s idea was to produce high-quality cars, and pay his workers enough money so they could buy their own.
And so they did. Before Ford stopped making its model T in 1927, 15 million had been sold.
When Ford introduced a $5 minimum wage a day in 1914, when the average wage in the automobile industry was about $2.40 a day, and reduced the working day from nine hours to eight it so shocked Wall Street that The Wall Street Journal called it "economic crime." Ford responded by increasing wages towards $10.
Things are different now, of course. The Fed plutocracy of Rothschilds and Rockefellers has trumped the Fords. Instead of having markets driven by the invisible hand of supply and demand, the USA is now driven and controlled by the invisible and grasping hands of the Fed central bank, an elite cartel of private bankers. And, now, things don't look so rosy.
As to government stimulus accomplishments, says Jim Quinn in Where Will US Job Growth Come From?: “An acquaintance fairly high up in the Electrician’s Union told me about a big infrastructure construction project in Philadelphia’s Germantown section that has been underway for two years and is already nearly completed. A representative of the Federal Government recently entered the construction trailer and announced that the work was now a Federal stimulus project. A big sign then was put up at the site to prove it.”
things are different...why did Ford introduce those wages? out of the goodness of his heart?...from what I've read it was because the work was so dehumanizing, so grinding, so mind-numbing that even when people were pratically starving, they would quit rather than do it (remember a lot of people's alternatives were farm work, a lot of these people were eastern european immigrants- when east europe immigration was cut off in WWII, thats when getting rural workers, mostly black, from the south become the best alternative)...anyways, Ford found turnover to be horrendous, and even for assemply line work, turnover was costly, so he finally realized if he paid people enough for them to afford a middle class lifestyle, they would do just about anything (sound familiar?) and when he raised wages, it worked, people stayed..they had golden handcuffs...
Agreed: much can be said about the golden handcuffs. But how is it really different? Do you mean the low-wage service industry which is "dehumanizing, so grinding, so mind-numbing that even when people were pratically starving, they would quit rather than do it"?
Well, on a tangent, only the mentally deranged could conceivably starve to death in our welfare state. Only in the English-speaking 1st world are the poorest of the poor so obese:
http://www.scienceblog.com/cms/correlation-between-obesity-and-poverty-h...
Obama blames the banks but says nothing about Freddie or Fannie in his much too long telepropter speech. It was the liberals that kept pushing the banks to lend out money to folks that really shouldn't qualify for a credit card much less a mortgage.
Sure Bush was in power when tarp was signed, but Obama also voted for it. Now he wants to tax the banks which sounds nice, but look who Obama picked to be his treasury secretary. Timmy the can't file his own tax Geithner who was part of the Goldman Sachs cabal. Obama has his hands deep in the pockets of those same fat cats he claims to be bashing. Its a charade he's playing with us folks. Bernanke, another Goldman Sachs cronie, also backed by Obama.
Obama the joker sounded so patriotic when he said "I have never been more hopeful about America’s future than I am tonight." Sounds very much like his old lady Michele Ole fat ass Obama said "For the first time in my life Im proud of my country." So much Bullshit by both of them.
Look what Obama says when he's overseas. America is the fault of so much off the worlds problems. America is causing global warming. Its all about bashing america when he's off our shores. So don't get sucked into what he says in front of his stooges, listen to what he says when he's bowing to the muslim jihadists in Saudi Arabia.
With Obama, its all about him. He said I almost 100 times. I did this and I did that. What he failed to say is that I fuxxed up. Instead he continues to blame everyone but himself and his socialist party. The whole STOU was a waste of time.
Paulson pushed TARP, Bush was fine with it, Dem Congress were easily and stupidly scared into voting for it, Obama voted for it, McCain voted for it...notice a trend? Before that Clinton, at the urging of Greenspan, Rubin and Summer, signed the Gramm bill that essentially repealed Glass/Steagal and the Repub congress overwhelming voted for, in fact there was enough votes to override a Clinton veto if it had happened (fat chance). Then Bush and Paulson and Bernanke further loosened regs on banksters, and then when the inevitable happened, Paulson wrote TARP bill with NO strings attached, at least congress put a few lame strings on when they finally voted for it. Obama has sold out to banksters but do no think the solution is getting back establishment Repubs either.
This mess started long before Obama, open your eyes... one party or the other is not the whole problem or the whole solution. If you think Obama is the whole problem, then you'll think McCain or W or whoever is the solution and you will be wrong. All those people that thought the whole problem was Bush and Repub and overlooked Clinton's WS sellout and overlooked the Dem congress that voted for Paulson's TARP in 2008 were sorely disappointed when the next Dem, Obama and the Dem congress, did more of the same. You will be sorely disappointed if you get rid of Obama and elect an establishment Repub who will more than likely do the same as McCain or W....open your eyes, they want you to keep flipping between these guys and they want you to think its all Ws fault.... if we can just get rid of him, or, fine by them, if you think its all Obama's fault...if we can just get rid of him...meanwhile they laugh in their banks at us sheeple...and we never challenge them as we are busy flipping back and forth between Dems and Repubs and having huge fights about it.
Exactly.
foxmuldar... let me guess... a Fox News fan!
"telepropter (s.i.c.) speech"... unfortunately, you'll have to turn to the commie left wing MSNBC 'cause Fox stopped the live feed yesterday once they figured out President Obama was wiping the floor with 140 of the GOPs finest in a live, unscripted (yes, no "telepropter"), Mano a Mano debate... on any and all issues (yesterday afternoon)! Note: The GOP will NEVER allow this kind of open dialogue again... even if it was 140 against 1... they were "Lookin' like fools with their Pants on the Ground!"
"Sounds very much like his old lady Michele Ole fat ass Obama"...definitely a Fox News fan... do you really believe you'll be taken seriously with this kind of disrespectful discourse?
I agree with you on the banks, but they own everything and everyone... President Obama has made it clear he is "digging in" to begin the fight with them... an uphill battle to be sure, but would you really rather have John McCain or Sarah Palin fighting on your behalf?
BTW... I believe it was Fox Mulder.
+2
Wow, we must have heard different speeches and live in a different reality.
Of the 2009 stim package, 300 billion was for tax cuts wanted by the Pubs. If Mr. Econophile does not see this as a compromise, we must agree to disagree.
On health care, a set of rules I wld oppose as currently constituted, Obama stupidly let they Pubs drag out the process interminably, which only allowed the mercicants to shove more and more pork into the plan. If Mr. Econophile believes this means Obama is not listening to the RW, I'd suggest he is not accurate in his belief or his review of even the most recent history is biased and inaccurate.
Curious to hear that the mistakes made prior to the new Presidency should properly be held against him, AND we should listen to those who made the mistakes as the means for correcting them. Or perhaps, pretending they did not make mistakes, that disasters did not happen, is how we should conduct current affairs.
while the wogs could have done better, I'd say most of them did not do the best they could under difficult circumstances.
Or better still finding a proper scapegoat and attacking him if he doth protest is a better way to respond than admit errors and trying to prevent them from reoccuring.
As the RW and various business journals advise, public funds should be used to guarantee special business AND we should not tax them on their special profits AND their should be no limit their ability to conduct those businesses with the public funds.
I'd suggest that the only responsible government course when lending money requires terms on the loan, and that the only responsible government course on guaranteeing debt requires some terms on the guarantee. We might quible on the terms, but having no terms would be really, really stupid for everyone (except in the short run at least for the guys getting the money. Great work boys!).
We can also cut taxes further. If we reduce the tax on say, meat processing plants or trucking companies, according to the Pubs, this will further innovation and create more profit. I'd suggest the tax cuts do not such thing. If I am wrong, pls show me the factual studies showing that these supposed gains actually occurred at any time over the last 30 years for say, those two industries I've named.
The tax cut more crowd, Republicans mostly, should thank God that George Washington's still not around or he might go all Shays on them.
Lex:
I ask that you read things with open eyes. I would agree that Bush was one of the worst presidents we've ever had. Nothing in my piece praises the Republicans. I'm critical of Obama because he's Bush + government health care + corporatism.
Did you ever read "The Education of Little Tree"? ....great book, lousy movie...anyway there is a great bit in there where the kid's hill billy, bootleg whiskey making grandpa LOVES george washington until the kid starts reading to him from history book about the whiskey rebellion and GW dealings with it......Grandpa is no fan of the "guvment" so that whole story throws Grandpa for a loop....again, GREAT BOOK, easy read...it will make you laugh (and cry if you are a wuss like me)
But he says he understands what we're going through and the government is going to save us. Again. He said "we" (I guess that means his administration) prevented another depression. Thanks a lot. I think.
Inflation confuses everything. Yet it consistently is resorted to by our modern "planned economy" government, said the great economics expert Henry Hazlitt. One example he gave is the false belief that public works necessarily create new jobs.
“If the money is raised by taxation, then for every dollar that the government spends on public works one less dollar is spent by the taxpayers to meet their own wants; for every public job that is created one private job is destroyed.”
However, says Hazlitt, if the public works are not paid for from the proceeds of taxation but by deficit financing, either by government borrowing or by resort to the printing press, that borrowing must some day be repaid. The government, he said, cannot keep piling up debt indefinitely or it will some day become bankrupt…
So, says Hazlitt, when the government comes to repay for the public works, it must necessarily tax more heavily than it spends.
“In this later period, therefore, it must necessarily destroy more jobs than it creates…The extra-heavy taxation then required does not merely take away purchasing power; it also lowers or destroys incentives to production, and so reduces the total wealth and income of the country…
“If no honest attempt is made to pay off the accumulated debt, and resort is had to outright inflation instead…it discourages all prudence and thrift. It encourages squandering, gambling, reckless waste of all kinds. It often makes it more profitable to speculate than to produce. It tears apart the whole fabric of stable economic relationships. Its inexcusable injustices drive men toward desperate remedies. It plants the seeds of fascism and communism. It leads men to demand totalitarian controls.
“It ends invariably in bitter disillusion and collapse.”
Ref: Hazlitt’s Economics In One Lesson: The Shortest and Surest Way to Understand Basic Economics (1979)
It spells Trouble, with a capital “T” and that rhymes with “D” and that stands for Depression…right here in Liberty City.
Yeah, JR! Economics in One Lesson is one of the best books ever written about economics.
Ref: Hazlitt’s Economics In One Lesson: The Shortest and Surest Way to Understand Basic Economics (1979)
+ 10. just about the best economic understanding available. imho.
"This year had a much different tone. At times he almost sounded humble"
I heard and saw the same Narcisitic,ego-maniacal person lie as usual with no signs of remorse,guilt, or sharing of blame.
This man is an IDEOLOUGE.
He said he was staying the course, period. His course..........one that will ultimately totally destroy our Republic.
Full speed ahead, and damn the torpedo's..........
He does NOT care about Americans,or our wishes, he is a Progressive( Socialist/Fascist ), and he has an agenda, that goes back a LONG,LONG, way...............
He and Woodrow Wilson could be Bro's. As long as HE is in power,( with a super majority) we are in serious, cataclysmic trouble. Brown's election is but a speed bump.
Evey promise ( Except Fundamentally Transforming America), he has broken, and lied about.
I cannot watch or listen to him anymore..............pathalogical liars make me ill.Besides, it's the same old thing over and over.
We are going to CUT spending 15 Billion a year( I am impressed ), and we just added more to the debt?.....14.5T?. And he still blames Bush for all of it?.
Best we can hope for is a dramatic shift from the Blue Dogs, and hang on till Nov.
Even if Obama was all the things you say, he will be lucky to accomplish as much as Clinton...what was that? I'm thinking Clintons legacy was welfare reform, don't ask, don't tell, and his stalemate with Repub congress to leave an annual surplus in our national budget. Hardly a left take over.
And if Obama was full speed ahead lefty, why didn't he advocate for single payer and make us into a soviet like Canada?
And are Obama/Dems doing worse on banks than Bush/Repub congress or Clinton/Repbu Congress?...they all seem equally bad in selling out to Wall Street...its not that Obama invented corruption to Wall Street, just continued it, but guess you conservatives can only see it when a Dem does it, so given this, I guess its a good thing Dems took control, because now you are capable of being skeptical of your govt, as you should be,...this progressive dog can see political corruption when either party does it, and it annoys me equally that Clinton relied on Rubin, Bush deferred to Paulson and that Obama deferred to Geithner/Summers...open your eyes...
MM, My eye's have been open for a long time............
And, since we are concerned about the MOST blatant threat ever to publically tell us what he's doing, and surround himself w/Commies, and Marxist, Socialists, and God knows what else, I see this as the worst threat thus far.
Because it's not hidden............He cannot do what he wants, since the military will not let him, and Americans are not Canadians.
One thing I agree 100% w/you on, he has awakened a sleeping giant, that's NEVER going back to sleep............at least for the next 10-15yrs.
If we can survive the Debt Bomb.....................then, we will have profited from his debacle.
Private for profit military or socialized military?
Mossad. Rahm is Mossad.
And the one common denominator in all 3 admenstruations?
Goldman Sucks and Tribe on Wall Street.
LOL!
poison that snake hole
agreed
"This administration and the Democratic leadership is marching us toward European-style welfare socialism and seem incapable of compromise."
What a bunch of drivel! Take it from a Canadian, you guys need more socialism down there to counteract the silly corporatism going on. The rich are getting richer while millions of poor have no access to decent health care. As far as Obama, he's far from perfect, but he and his administration are nowhere near as arrogant as the previous one.
Leo:
See ya at the Mayo when you need heart surgery.
Rham not arrogant?? Huh??
shameless theft for his boys in banks?
tossing Hillary and her Health reform outta the country?
any chance in hell that it would be Hillary vs Palin in 2012??? i just want to see the catfights
No Leo, what the USA needs is more capitalism to counter the silly socialists and fascists who are competing in the destruction of this once great country. What the USA needs is another Teddy Roosevelt or Andrew Jackson.
percolator,
More capitalism is fine but make sure it's humane capitalism, not destructive capitalism. Besides, don't fool yourselves into thinking you ever really had capitalism down there. If you study the history of US business, it's all about corporate welfarism. That's why you're all in a mess down there. The top 1% is screwing the bottom 99%!
+1
Although I would say that "humane capitalism" is almost redundant and "destructive capitalism" is just plain old corruption with a fancy title.
America at this moment faces the most serious challenge to its free enterprise system in its history; hardly a time to follow Canada’s lead toward less individual liberty and more government control. It’s now that the U.S. welfare state load becomes too heavy to carry.
As if the 19 million to 20 million government employees added to the millions of recipients of government programs do not swell the voting blocks for more government, the avalanche of illegals from Mexico brought in by left-wing advocates working with corporate interests looking for ever cheaper labor now flows into every state--cutting jobs for Americans, cutting wages, driving up schools costs, police costs, road and infrastructure costs, and health care and housing costs. And with Democrats in control and John McCain turncoats in the wings, the government subsidies of this new replacement wage force are only the beginning.
Say what you will about Patrick Joseph Buchanan, today’s column turns on the light.
Excepts:
“Democrats are the Party of Government. They feed it, and it feeds them. The larger government grows, the more agencies that are created, the more bureaucrats who are hired, the more people who become beneficiaries, the more deeply entrenched in power the Party of Government becomes…
“With the public debt surging as a share of GDP, and talk of a debt default by the United States, how can Obama create or expand the social programs as progressives demand? And with the deficit running above 9 percent of GDP, how – even if the economy starts to grow – can you close this without raising taxes from 18 percent of GDP to 22 percent or 23 percent? That would be an added tax hike of $560 billion to $700 billion – a year.
“That kind of hit on the private sector could kill a recovery, just as Herbert Hoover and FDR did in the early 1930s.
“Obama has a problem – and so do we.”
Amen, Leo.
bankers keep going into your pockets
cut off their hands
same as cutting off a rapists penis...
hope in one hand and shit in the other