Yes, Barack Hussein Obama's name is now on the Stimulus Bill. It is Passed. And signed. I felt I needed to record this here at my blog, though I know better bloggers than I will write more comprehensive, passionate, informative posts than I can.Yes, it's done, folks. Is America? It's Obama who said, this morning, "But today does mark the beginning of the end.." To be fair, here's the end of that phrase "...the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs."
I don't know what else to say. I think it's a disaster, I think the stocks didn't dump for nothing.....smarter minds than ours see this was passed without comprehension, without fairness, without input from people who might have deigned disagree with Pelosi and Reid, without the time to READ the darned thing, after all.
That's my post. What more is there to say? Just wanted to mark this date on my blog calender. (does anybody know if he does use Hussein when he signs...or just when he's on Muslim television?)
UPDATE: This is how much Obama's plan is like Roosevelt's/ Does ANYBODY else understand Roosevelt sent us DEEPER and LONGER into Depression! OH, MY GOSH!
z
35 comments:
America isn't done, just setting itself up for another (or deeper) economic slump. Massive debt is full of hope and change now.
Z, as the saying goes the waiting is over, now let's start rebuilding this country again. We can't allow this to deter us from our mandate of educating those who don't know what real liberty is and what it is not.
Let's use the stimulus package and go line by line showing people how this doesn't benefit the American people in any way shape or form.
Blessings.
Remember, z, this is a two part process.
Timmy Taxes has to come up with a plan that stabilizes housing and unfreezes the credit markets. He's having trouble, big trouble.
Primarily because he can't deal with the credit issue without admitting that major banks are insolvent and need to be nationalized.
Also you need progress on the housing problem to really put a floor on things.
Deep yogurt
We can't allow this to deter us from our mandate of educating those who don't know what real liberty is and what it is not.
----------------------
Who might the Illuminati be?
With respect, I don't think you have standing to define "real" liberty.
Well, at least we now understand the genesis of the mantra, “Hope and Change.”
BHO: Man, I sure hope this works.
Average citizen: Say fella, can you spare some change?
Also, z, you have the negotiations between GM and the UAW that need to be completed today and that's apparently going poorly.
Couple with the news that retail prices are falling which is setting off worries of the deflationary scenario.
Deep yogurt
Ducky -- now remind us what your excuse was when the market tanked the day after Obama was elected. How about the day he took office? How about when Geithner was given the 350 billion? Every major event regarding Obama has sent the market into a tailspin. Face the truth!!! This president is an economic disaster that has NO solution other than pissing money into the wind and expanding government. The "stimulus" bill alone creates 200 NEW GOVERNMENT programs. Bye-bye miss American Pie!!! The music has died!!!
ONLY Conservatives have the standing to define "REAL LIBERTY", Ducky...
Being enslaved by the short lasting but sweet feeling of handouts ("sweet" which is soon to be replaced by sloth, self-hate, and dependence) is anything BUT free. And that's what the left promotes, sadly.
Self reliance, pride and SUCCESS are Conservative values, apparently...who knew that SUCCESS would become a dirty word in the AMerican lexicon due to the Left?? Sad and discouraging for us all.
So,Ducky, read the comments here; Mustang's right..where's the HOPE when the CHANGE is only CHUMP CHANGE?
You have plenty of gloom and doom here yourself...what's YOUR best shot? You think this stimulus plan was well reasoned, has nothing but stimulus in it, and will work??
Fascism has NEVER worked.
We will survive this. I'm hoping that BHO is just another idiot democrat that we'll have to recover from, hopefully stronger in the end.
Ducky, forgive me, but who is Timmy Taxes? Your nicknames frighten and confuse me. I'm just an unfrozen caveman lawyer.
How's that Ducky?
Why don't I?
Who's says I don't?
Blessings.
Ducky, I've noticed you like to ask questions. I have a couple, do you mind? What caused your irrational fear of economic freedom? What convinced you that government is a better arbiter of what is good for the individual? What gives government that right? Why don't you start your own blog instead of littering up the comment section of really good blogs like this one? I for one would really love to hear you expound on your beliefs...on your own blog. I'll be certain to drop by.
The beginning? What about the $1 trillion that Obama approved & Congress spent just before the inauguration? Shouldn't we be at least in the "middle" by now?
Wall Street clearly fears and despises the fools who are driving the ship of state. Obie, Reid, Pelosi, Frank, Leahy, Schumer, Hoyer, and Waters seem bound and determined to destroy capitalism. No Matter what the cost!
Morgan
Break it down to assets and liabilities.
The American people have 66 Trillion in assets (property) and 13 Trillion in liabilities (the public debt, including the cost of our government habits) leaving the American people as a whole with a net worth of 53 Trillion dollars.
Increasing liabilities (such as happens when Democrats and other wizards of spending money that isn't theirs come to power) means assets must be confiscated to pay for them (Taxes)
It all comes down to how we decide to decrease liabilities and increase assets - which fundamentally will get you kicked out of the Democratic Party and other organs of the Comintern for even considering.
ole barack will be hailed as the second comin' if this works z, or he will be the architect of an american economic disaster!!! time will only tell!!!
Obama isn't the architect of this economic disaster.
You've got to go back to the last time Democrats controlled the purse strings, 1992 and prior, to find the demand placed on the banking industry to lend money to people with no discernable means to pay it back. Essentially, it's the same EZ Credit ripoff they pulled when Carter was their rubberstamp.
It isn't a coincidence that the stock market hasn't seen 14,000+ since the precise day the new era of Democrat control of Congress began with their first budget - October 1st, 2007.
Live it up. If we didn't want the American economy to be in the toilet, we wouldn't have given to Democrats to play with.
Ducky,
I suspect that you are comparing the actual economic system of the US--which is hardly unadulterated free market--with an imagined, theoretical socialism that has never actually existed. In such a comparison, the cards are stacked against capitalism. Can you really declare a winner based on this comparison?
You suggest that private banks have more debts than assets. If this is the case, how will the government's taking over the banks correct the situation? Are you granting the government the power to take money from whom it deems appropriate so as to keep the bank solvent? You may believe this to be a superior way of running the economy (and I would disagree), but by what definition does this subjugation to the government constitute liberty?
I can't claim to be an expert on foreign economies, but a quick look at wikipedia's entry for Sweden--which you tend to favor over Cuba and USSR as examples of socialism--says that Sweden has cut corporate tax rates in half and abolished the death tax to stimulate economic productivity.
Am I missing the crux of your argument? Please advise.
-Tio Bowser
Beamish, where do you get your numbers on liabilities and assets? I'm not disputing them, just wondering where one might find such information.
tio bowser
Fornicalia is about to grok its own pit. Nothing like a TAX INCREASE during a RECESSION.
BZ
Oh. Tim Geithner.
Beamish is right, folks.
Pelosi and Reid and Dodd (the planner of the Fannie Mae/Freddie Mac nightmare), had this bill all set.....it repays all their lobbyists, puts bucks in their pockets ($50 MILLION for some California bay rebuilding?..Hey, Nanc, do YOU OWN THAT BAY, per chance?).... they had this ALL ARRANGED>
It's why it's been shoved through so fast .. "WE WON..@#(&*(#$& YOU".
Done
I watched Obama on tape this afternoon..signing with all the different pens or whatever they do...over and over again....signing his name with his left hand (by the way, DOES he use HUSSEIN now, or ONLY for Muslim TV KISSING UP?)... NO OFFENSE to left handers here but, did you know that, in French, that's Le Sinestre? The Old French term for a left hander is SINISTER, from the Italian SINSTRE.
Couldn't help thinking how sinister it looked to see him signing... Le Sinistre, indeed.
May I join in on the etymological fun? I thought sinister was Latin for left. The French, I believe, is gauche, which in English means lacking social graces.
tio bowser
In Michael Medved's book, "10 Big Lies About America", he refutes the lies that FDR got America out of the Great Depression.
Now that Obama has done nothing but talk doom and gloom over the economy, we'll see how long it takes for him to begin talking about improvements. Unemployment numbers were not as strong last month and cost of living was less. Hmmm. That was before bill was signed. The GAO said w/o the bill, the recession would bottom out by the end of the year and recovery would begin. Yet, Obama and his team continued with Doomsday scenerios.
Trust me, Tio...you talk to French (i lived there 4 years) and you hear SINISTRE for left handed..it's Old French and still used...the Italians use it still, from the Latin, yes! Yes, Left is GAUCHE in French.
It's like "Le Benjamin" is the youngest child..as was Benjamin the youngest of Jacob in Bible..it's FROM THAT (remember, how "GODLESS" Europe is, according to silly talkshow hosts! I've lived there..many churches are full, but I digress). It's cute, they'll introduce four children "c'est Danielle, Marcel, Michel, et LE BENJAMIN..!" Sometimes, you never learn the BENJAMIN's actual name!
Karen, not only that..who would SPEND A DOLLAR OF EXTRA MONEY while hearing Obama talk about how CATASTROPHIC things will probably get?
he's a dope....and he's BAD for America.
Tio...I sound so severe and didn't mean to..sorry! Of course you can join. This Sinistre thing is just something that hit me funny when I lived there and I wanted to share it...
xx
"But today does mark the beginning of the end.."
Obama seems a lot more truthful when he's taken out of context.
Nice quote
there was this huge push to have Congress rush this through and approve it then it took what....four days for Obama to sign it...even Congress might have been able to read it in that amount of time
I'm sinister btw
Ducky, I've noticed you like to ask questions. I have a couple, do you mind? What caused your irrational fear of economic freedom?
----------------
Let's start with the complete failure of the so called "free market" that you see now.
Couple this with the absolute inevitable massive wealth transfer upward that these suckers cheer as they get hosed by a zero sum game and you pretty much have it.
In a zero sum game you need cooperation to generate a good outcome for the players. This is antithetical to the Randoid fools and as a result folks get hosed.
What causes me to fear it is the thought of living someplace like South Carolina where the "free market" has worked its magic.
What convinced you that government is a better arbiter of what is good for the individual?
------------------------
The individual's frequent inability to make good long term decisions and the individual's frequent inability to identify cooperation as an optimal strategy.
Ducky, forgive me, but who is Timmy Taxes?
--------------
Treasury Secretary (and Bill Clinton brown noser) Geithner.
You suggest that private banks have more debts than assets. If this is the case, how will the government's taking over the banks correct the situation?
----------------------------
It may not. However, we have seen in Paulson's criminal dispersal of 350 billion (which the hypocritical right was freakin' SILENT about) that Kapital is unlikely to cure itself.
I would prefer to go back to a style of government ownership which was pretty damn effective in the early days of Fannie Mae. It stuck to it's mandate and generated home ownership before being privatized.
In the bubble, keeping equity prices high for Fannie was in direct competition with its original goal.
I see know reason a privatized bank wouldn't be able to responsibly serve capital markets without the need to artificially run up equity prices.
Yes, I did say "artificially". I anticipate a contention that the "free market"(LMAO) is always capable of accurately pricing. You see the results of that nonsense idea today.
Ducky,
Private banks are not infallible, but in a free market economy, banks employing bad practices are punished with extinction.
Politically controlled banks do not have the same incentives as private banks. Politicians are not necessarily dumber than private bankers, but they are rewarded for short-term achievements. Thus, one administration can pressure banks to make unsound investments so that that administration can boast about percentage of home ownership. When the home-owners default on those loans, it is the next administration's problem. The new administration can then charge the tax-payers while blaming the previous administration, allowing the process to begin again.
The free market allows banks that exercise sound policies to survive. Politically run banks allow banks that can complain and lobby effectively to succede. Do we have any common ground here, or do you reject all of this?
What is your take on social security? Seems to make a statement about the government's ability to run programs into insolvency.
Tio Bowser
Z,
No problem. The language stuff is fun. Jay Nordlinger often prefaces a statement with "Care for a little language?"
The 'sinister' thing I was aware of, but the 'gauche' thing I came across just recently (hadn't known it to exist in French or English).
Do you ever read King James version of the Bible? I picked it up recently and noticed some similarities to German (st verb ending for 'thou", t/th verb ending for third person subject, saying 'he is come' instead of 'he has come). All quite interesting in a nerdy kind of linguistic way.
tio bowser
Tio,
Beamish, where do you get your numbers on liabilities and assets? I'm not disputing them, just wondering where one might find such information.
The numbers are dated now, but roughly the same (liabilities are up a few trillion now, thanks Democrats...) but came from this article.
Tio, I'm in the process of getting KJV but I've been told the New KJV is best... I like memorizing the older language.
Post a Comment