PoliticalChic
Diamond Member
1. Every measure of the recovery of this economy reveals Obama to be the same as he had been in other areas favorable to America: a failure. As a lock-step Liberal, Obama follows old-time Keynesian dogma....as does Joseph Stiglitz:
"nequality leads to weak aggregate demand or demand that would be weak in the absence of countervailing actions, say by the Federal Reserve. The reason is simple: Those at the bottom and middle consume essentially all of their income; those at the top save 15 percent, 20 percent, or more. When money shifts from the bottom to the top as has occurred in recent decades in the United States this low demand would lead to unemployment and an anemic economy. " Political Causes, Political Solutions - Room for Debate - NYTimes.com
2. This thinking represents one of the two main modes used by politicians. The first, and most common, is lying. But the above has the seductive appeal of sounding scientific, and, thus, giving cover for reckless spending (i.e., buying votes).
a. Keynesian dogma calls for immediate spending to get out of a temporary slump, and the spending must be done quickly, presumably based on 'shovel-ready jobs.'
b. The 'quickly' part is cover for less time in debate and careful scrutiny.
3. Keynesian dogma also serves as the basis for the kick-back corruption on which politicians thrive. The plan is eminently simple...yet partisans claim not to see it: throw barrels of money to favored groups and industries, e.g., the 'green economy,' and the pols get back buckets of 'contributions.' Whether the Constitution allows for government picking 'winners,' or even whether the 'investments' succeed is not a matter of concern.
a. On March 3, 2007 USA Today ran a piece on then-Senator Obama regarding two stocks in his portfolio. Obama was running for President and his critics were stating that the Senator may have been involved in insider trading, cronyism, using his position for personal gain, etc. Basically the media ran this story for a day, and then kissed it goodbye. Could you imagine the outrage if these same set of circumstances involved a Republican running for President?
Obama the Investor ? Brian Sussman
b. The liberal Daily Beast reports on a broadband project backed by a frequent Obama White House visitor and donor that has Pentagon officials concerned over potential military GPS interference. The Obama FCC took the lead in intervening on the donor, billionaire hedge fund manager Philip Falcones, behalf and granting his company called LightSquared one of those coveted Obama waivers from existing law. Then Obama officials reportedly pressured a general to alter his testimony about the companys impact on military satellite transmissions. Michelle Malkin | LightSquared: The next Obama pay-for-play morass? «
4. Now, back to Stiglitz. His Keynesianism gives Democrats a justification for their tax-the-rich schemes: "... Those at the bottom and middle consume essentially all of their income; those at the top save 15 percent, 20 percent, or more."
a. The same plan goes back to FDR, get those rotten rich! But, guess who scolded FDR: John Maynard Keynes, in a letter published in the NYTimes, December 31, 1933, warned:
....even wise and necessary Reform may, in some respects, impede and complicate Recovery. For it will upset the confidence of the business world and weaken their existing motives to action. Even Keynes saw the danger in treating the nations capitalists as an enemy, as the unscrupulous money changers, as FDR called them in his first Inaugural.
Any wonder that FDR extended the Depression....in fact, turned a recession into the Great Depresssion.
b. And as long as the Democrat government education system keeps citizens really, really ignorant, they won't realize that 'saving' isn't such a bad idea. The money saved doesn't disappear, and contrary to Keynesianism, it isn't an enemy to a flourishing economy. Banks take 'savings' and lend them to others who spend it or invest it.
Lott, "At The Brink," p. 86-89.
So, dear friends, what have we learned about this President?
He is really dumb.....no understanding of the economy...
a kind of John Maynard Keynes....
....or he's a kind of John Dillinger....a thief.
But in either case.....not deserving of the United States presidency.
"nequality leads to weak aggregate demand or demand that would be weak in the absence of countervailing actions, say by the Federal Reserve. The reason is simple: Those at the bottom and middle consume essentially all of their income; those at the top save 15 percent, 20 percent, or more. When money shifts from the bottom to the top as has occurred in recent decades in the United States this low demand would lead to unemployment and an anemic economy. " Political Causes, Political Solutions - Room for Debate - NYTimes.com
2. This thinking represents one of the two main modes used by politicians. The first, and most common, is lying. But the above has the seductive appeal of sounding scientific, and, thus, giving cover for reckless spending (i.e., buying votes).
a. Keynesian dogma calls for immediate spending to get out of a temporary slump, and the spending must be done quickly, presumably based on 'shovel-ready jobs.'
b. The 'quickly' part is cover for less time in debate and careful scrutiny.
3. Keynesian dogma also serves as the basis for the kick-back corruption on which politicians thrive. The plan is eminently simple...yet partisans claim not to see it: throw barrels of money to favored groups and industries, e.g., the 'green economy,' and the pols get back buckets of 'contributions.' Whether the Constitution allows for government picking 'winners,' or even whether the 'investments' succeed is not a matter of concern.
a. On March 3, 2007 USA Today ran a piece on then-Senator Obama regarding two stocks in his portfolio. Obama was running for President and his critics were stating that the Senator may have been involved in insider trading, cronyism, using his position for personal gain, etc. Basically the media ran this story for a day, and then kissed it goodbye. Could you imagine the outrage if these same set of circumstances involved a Republican running for President?
Obama the Investor ? Brian Sussman
b. The liberal Daily Beast reports on a broadband project backed by a frequent Obama White House visitor and donor that has Pentagon officials concerned over potential military GPS interference. The Obama FCC took the lead in intervening on the donor, billionaire hedge fund manager Philip Falcones, behalf and granting his company called LightSquared one of those coveted Obama waivers from existing law. Then Obama officials reportedly pressured a general to alter his testimony about the companys impact on military satellite transmissions. Michelle Malkin | LightSquared: The next Obama pay-for-play morass? «
4. Now, back to Stiglitz. His Keynesianism gives Democrats a justification for their tax-the-rich schemes: "... Those at the bottom and middle consume essentially all of their income; those at the top save 15 percent, 20 percent, or more."
a. The same plan goes back to FDR, get those rotten rich! But, guess who scolded FDR: John Maynard Keynes, in a letter published in the NYTimes, December 31, 1933, warned:
....even wise and necessary Reform may, in some respects, impede and complicate Recovery. For it will upset the confidence of the business world and weaken their existing motives to action. Even Keynes saw the danger in treating the nations capitalists as an enemy, as the unscrupulous money changers, as FDR called them in his first Inaugural.
Any wonder that FDR extended the Depression....in fact, turned a recession into the Great Depresssion.
b. And as long as the Democrat government education system keeps citizens really, really ignorant, they won't realize that 'saving' isn't such a bad idea. The money saved doesn't disappear, and contrary to Keynesianism, it isn't an enemy to a flourishing economy. Banks take 'savings' and lend them to others who spend it or invest it.
Lott, "At The Brink," p. 86-89.
So, dear friends, what have we learned about this President?
He is really dumb.....no understanding of the economy...
a kind of John Maynard Keynes....
....or he's a kind of John Dillinger....a thief.
But in either case.....not deserving of the United States presidency.