Markets to Obama Administration: Here’s what we think of your bailouts

16th_street_mall

Ross Kaminsky said it well, thanks!
It’s only a liberal who could think that one of the worst stock markets in American history is due to government not spending enough. It’s only a liberal who can’t seem to remember that the government doesn’t have it’s own money…it has yours. (Except of course for the money it just prints, which is little different from just taking yours.)

There’s an often-quoted phrase: “If you find yourself in a deep hole, stop digging.” The Obama Administration just keeps buying bigger shovels, however, and the stock market just keeps falling deeper into the pit, and your retirement savings, your kids’ college funds, and the solvency of our own state, local, and even federal governments.

One thing I should apologize for: During the election, I said that I thought the economic turmoil would curtail the Democrats’ ability to turn us into a socialist country. I was wrong. Read More

Americans are waking up all across America and we have little over a year to get them think about the elections again. People we need a change in congress..out with the Old Democrats and in with the New Republicans! Would you still vote today the same as you did in Nov? If thats an yes then did you want a socialist country?

Advertisements

5 comments on “Markets to Obama Administration: Here’s what we think of your bailouts

  1. “It’s only a liberal who could think that one of the worst stock markets in American history is due to government not spending enough.”

    Hey genius: ever heard of Keynesian economics? I didn’t think so. ‘Cause if you did you might understand deficit spending rather than congratulate yourself for being such a wiseass.

    Start by reading aboutthe 2008-2009 Keynesian resurgence. Go slowly, there are lots of big words.

    With a simple foundation in macroeconomics you might realize that Obama is doing exactly what Ronald Reagan did: stimulating the economy using borrowed federal dollars. (I guess that makes Reagan a socialist, huh?) Of course the recession Obama inherited from Bush is much larger than the Reagan recession and Obama has a credit mess to contend with at the same time.

    The real world is so much more complex than the world you can see through your rigid ideological goggles. Grow up.

  2. Moon bat didn’t you open your little Obama eyes long enough to know that you can not spend your way out of the depression! Obama is no Ronald Reagan, he a boy for Reid and the speaker of the house! If you come down off that high you will hear all the lies that Obama has told and promised to the American people…Ronald Reagan was no lier, nor anyones boy like Obama is. Obama could not take control of the spending bill from the democrats in congress…thats not a president thats a weak push over!

  3. Boy, jag, you’re in way over your head on this one.

    With a simple foundation in macroeconomics you might realize that Obama is doing exactly what Ronald Reagan did

    No. Reagan’s deficit was accompanied by cuts in marginal tax rates. This time around, congressional R’s and a number of economists suggested something similar, but all we got was spending and the sort of tax credits that are virtual spending. These exogenous changes don’t seem to work very well, empirically. Christine Romer, before being named chair of the Obama’s CEA and forgetting everything she’d ever known, did some important work on the relative effectiveness of spending injections and tax rate reductions. The latter win, by a lot. The latest for-instance of a spending injection (in all but name) would be Bush’s tax refund last spring. Fail. ‘Course, that was Bush; Obama’s stimulus comes with rainbows!

    Of course the recession Obama inherited from Bush is much larger than the Reagan recession and Obama has a credit mess to contend with at the same time.

    Pick a measure of severity and show how the current recession is worse than the 81-82 item. Good luck. And the “credit mess” is largely a creation of DC Dems, going back thirty years, so you don’t want to harp too much on that.

    If you really want to defend the Keynesian Kenyan, you’re going to have to read a lot more, and you’re still going to be on shaky ground.

  4. So moon, I find it hard to beleive you still support someone who is still refusing to make his BC and college records public. It’s pretty sad when we don’t even know for sure where our president was really born! Privacy is one thing, violating the constitution in the ways he’s been is completely another. I hope that one day you wake up and realize what this amn is doing to our country. One good thing about me going to Kuwait, I don’t have to be here while he ruins my country. I just hope it get’s fixed before I come home.

Comments are closed.