Obama Is Destroying The Economy

Pliny · March 25, 2009

EU presidency: US economic plans 'a way to hell'
STRASBOURG, France (AP) -- A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as "a way to hell."

Czech Prime Minister Mirek Topolanek, whose country currently holds the EU presidency, told the European Parliament that President Barack Obama's massive stimulus package and banking bailout "will undermine the stability of the global financial market."

AP

Obviously not good when Europe is warning you of over-spending.

Good one.

Did Topolanek say that before or after the fall of the government of the Czech Republic?

Shady · March 25, 2009

Good one.
Did Topolanek say that before or after the fall of the government of the Czech Republic?

Why does it matter?

How about the same kind of warnings coming from France, Germany, China, and Russia?

Oleg Bach · March 25, 2009

The EU was a mistake - so is the proposed Pan American Union...look at the drug wars in Mexico and the influx of disposable Mexican slaves. Obama simply does not know better - when corporatism combines with government - You have facism - the lazy stupid mans way of governing.

benny · March 25, 2009

The serious flaw in that conclusion is that economic activities for the sake of economic activities are not productive and thus do not create wealth. They create activities that soak up dollars - like real estate bubbles, subprime mortgages, wasted resources in over supplying a market and a myriad of other wasteful activities.
It is true too few people are chary of socialism or inflation - ignorance is bliss.

Economic activities for the sake of economic activities are very productive in the sense of allowing a society to postpone very destructive political unrests.

Pliny · March 26, 2009

Economic activities for the sake of economic activities are very productive in the sense of allowing a society to postpone very destructive political unrests.

That's been the plan since the inception of the central bank. The postponement of natural economic market corrections. Attempting to prop up unworthy enterprises or unproductive economic activities only encourages the continuance of those wealth destroying activities and creates boom and bust cycles. Sooner or later postponement of these economic corrections will result in economic collapse and you wind up with "very destructive political unrests".

Pliny · March 26, 2009

Why does it matter?
How about the same kind of warnings coming from France, Germany, China, and Russia?

It doesn't matter, really. The warnings are a little late. The sole difference between the economic actions and plans of those countries and what Obama is doing is "scale". Prior to Obama, the governments and central banks would only act to save their own necks, Obama has opened the monetary floodgates and thinks he is helping everyone. Unfortunately, it is my opinion that his good intentions are indeed paving the road to hell for everyone.

So I agree with the warnings of France, Germany, China and Russia. I think we are going to have some "very destructive political unrests".

Pliny · March 26, 2009

The EU was a mistake - so is the proposed Pan American Union...look at the drug wars in Mexico and the influx of disposable Mexican slaves. Obama simply does not know better - when corporatism combines with government - You have facism - the lazy stupid mans way of governing.

I agree the EU under it's constitutional mandate was a mistake. It is a social engineering organism, and a Pan Am Union with the same purpose would be a mistake.

The drug wars are perhaps the result of the Mexican governments attempt to curtail drug trafficking in their country. Mexico has been corrupt for quite awhile and it may be trying to clean up it's image and that kind of change will almost invariably result in a backlash to maintain the status quo. I may be way off on that assessment because I don't have a lot of information on what's going on in Mexico but from what I have heard and read that is my interpretation.

PPP's were tried in Germany in the thirties. The public-private partnership is another name for Fascism, in my view.

Obama is an ideologue. He knows what he wants just like Marx knew Communism would achieve heaven on Earth. I liked what Newt Gingrich said of him after the Presidential address. Basically, that Obama just says whatever he thinks his audience wants to hear. Therefore he never really reveals his position on anything. He says a lot about how things should be which is very nice but is short on plans and policies of how to achieve what he dreams, or at least short on revealing those plans and policies.

GostHacked · March 26, 2009

White collar criminals (Kenneth Lay, etc.) are usually bright people, they also usually say to their judges that they were convinced that in the long run they would have been able to return their companies to real profitability.

LOL, you can tell they are lying, the lips are moving.

Pliny sums that up quite nicely.

Obama is an ideologue. He knows what he wants just like Marx knew Communism would achieve heaven on Earth. I liked what Newt Gingrich said of him after the Presidential address. Basically, that Obama just says whatever he thinks his audience wants to hear. Therefore he never really reveals his position on anything. He says a lot about how things should be which is very nice but is short on plans and policies of how to achieve what he dreams, or at least short on revealing those plans and policies.

You can't get facts from Obama, or any leader worldwide. You get soundbites. You get a photo-op. You get to tell the press what is going on. The press for the most part is just a conveyer of messages from the government. Most MSM just rides along. There are few who actully questions the actions.

Action is louder than words. Eventhought I never liked Bush, I gotta say one thing, he said he was going to do it .. and did. Iraq and Afghanistan. Bush was unpopular, very unpopular, but he scratched much off his list of what he wanted to accomplish.

Obama will be heavy on words, and light on action. Kind of the opposite of Bush.

benny · March 26, 2009

That's been the plan since the inception of the central bank. The postponement of natural economic market corrections. Attempting to prop up unworthy enterprises or unproductive economic activities only encourages the continuance of those wealth destroying activities and creates boom and bust cycles. Sooner or later postponement of these economic corrections will result in economic collapse and you wind up with "very destructive political unrests".

In the long run we are all dead anyway.

Pliny · March 28, 2009

In the long run we are all dead anyway.

In the short run we are all dead. In the long run we have our children to think of.

Not leaving any legacy, I presume.

August1991 · March 28, 2009

In the short run we are all dead. In the long run we have our children to think of.

True, but Keynes was smartly concerned about the aggregate result of our individual decisions.

It's not obvious.

Pliny · March 28, 2009

You can't get facts from Obama, or any leader worldwide. You get soundbites. You get a photo-op. You get to tell the press what is going on. The press for the most part is just a conveyer of messages from the government. Most MSM just rides along. There are few who actully questions the actions.
Action is louder than words. Eventhought I never liked Bush, I gotta say one thing, he said he was going to do it .. and did. Iraq and Afghanistan. Bush was unpopular, very unpopular, but he scratched much off his list of what he wanted to accomplish.

Obama will be heavy on words, and light on action. Kind of the opposite of Bush.

Obama said that words are important. Actions tell the tale.

You know, in 2004 when Bush was re-elected I was astounded. How did this dumbass Texan ever manage that.

I thought Kerry was a shoe-in. I wasn't really keyed into the American psyche, they are not socialists for the most part. Kerry represented socialism. That is why Bush won. He didn't win because he was a great President. He won because the alternative was not acceptable. Bush had also been successful in keeping America safe from another Terrorist attack.

Obama attempted to distance himself socialism, even though he is a socialist. He didn't really convey the point that he was a socialist. It is unfortunate that the first Black President is a socialist.

Socialism is, in my view, unAmerican.

I agree that Bush made many costly errors. He wasn't a great President, in my view, he could have done things differently and better, but maybe Obama will make him look like a great President.

Pliny · March 28, 2009

True, but Keynes was smartly concerned about the aggregate result of our individual decisions.
It's not obvious.

Keynes had no idea of individual decisions. He was only concerned with aggregate results which had no connection with individual decision. If he had any idea about individual decision he would have burned his General theory before it was published.

Edited March 28, 2009 by Pliny

benny · March 28, 2009

In the short run we are all dead. In the long run we have our children to think of.
Not leaving any legacy, I presume.

Children becoming an excuse, I presume.

Pliny · March 28, 2009

Children becoming an excuse, I presume.

An excuse for what? A future.

bush_cheney2004 · March 28, 2009

....I agree that Bush made many costly errors. He wasn't a great President, in my view, he could have done things differently and better, but maybe Obama will make him look like a great President.

Bush didn't need to be a "great president"...just a president. He was never promoted as the Man God with an answer for all of America's woes. Obama will not be able to measure up to his own hype.

benny · March 28, 2009

Bush didn't need to be a "great president"...just a president. He was never promoted as the Man God with an answer for all of America's woes. Obama will not be able to measure up to his own hype.

Contrary to any Conservative president, Obama of course won't be able to excuse himself by saying "I was handed out a big government and I don't believe big government can succeed".

Pliny · March 29, 2009

Bush didn't need to be a "great president"...just a president. He was never promoted as the Man God with an answer for all of America's woes. Obama will not be able to measure up to his own hype.

Agreed without argument.

Pliny · March 29, 2009

Contrary to any Conservative president, Obama of course won't be able to excuse himself by saying "I was handed out a big government and I don't believe big government can succeed".

Unfortunately, Obama will never be able to excuse himself.

punked · March 29, 2009

Bush didn't need to be a "great president"...just a president. He was never promoted as the Man God with an answer for all of America's woes. Obama will not be able to measure up to his own hype.

Accept he Claimed "God speaks through me". See the Republicans have spun it this way but wayyyyy back when Bush was actually claiming God speak through him. So it is kinda the reverse here.

SERIOUSLY STOP REWRITING HISTORY!

bush_cheney2004 · March 29, 2009

Accept he Claimed "God speaks through me". See the Republicans have spun it this way but wayyyyy back when Bush was actually claiming God speak through him. So it is kinda the reverse here.

Even if your claim could be proven, it is of little consequence, as the US Congress must have also been inspired by "God".

It's even on US Federal Reserve Notes and minted coins....imagine that.

SERIOUSLY STOP REWRITING HISTORY!

Sorry, but you seem to be writing for a cult of personality that was never George W. Bush.

punked · March 29, 2009

Even if your claim could be proven, it is of little consequence, as the US Congress must have also been inspired by "God".
It's even on US Federal Reserve Notes and minted coins....imagine that.

Sorry, but you seem to be writing for a cult of personality that was never George W. Bush.

http://www.washingtonpost.com/wp-dyn/conte...1688.html\

He said it, Obama has never claimed to be the voice of God although republicans would have you believe that, while Bush has.