Obama's Economy Has At Last Run Out of Excuses!

I know a unique approach...one never tried before...CUT THE SPENDING!!!!!!!!

FDR's very own treasury secretary, Henry Morgenthau, saw the folly of the New Deal, writing: "We have tried spending money. We are spending more than we have ever spent before and it does not work. ... We have never made good on our promises. ... I say after eight years of this Administration we have just as much unemployment as when we started ... and an enormous debt to boot!"

The bottom line is that Roosevelt's New Deal policies turned what would have been a three- or four-year sharp downturn into a 16-year affair.

That's where we're headed and I believe worse.

 

Cutting spending is necessary. So is finding ways to increase revenues without raising tax rates. However, I bet we disagree on what to cut, and how much we should cut. I also bet we disagree on whether increasing federal revenues is necessary.

 

Oh, by all means invoke the name of Glenn Beck whenever you are confronted with something that doesn't fit your erroneous world view.

But Glen Beck is not responsible for the work done by many historical economists who have gone back and dispassionately looked at FDR's failed policies and found them wanting. http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

I wonder if you are familiar with the words of FDR's own Treasury Secretary, Henry Morgenthau, who confirmed the mistakes of the New Deal thinking that dragged out the Great Depression and that still infect ideologues in Obama's White House, and presumably, yourself?
http://collectingmythoughts.blogspot.com/2009/02/sourcing-morgenthau-1939-quote-at.html

If FDR, and by extension Obama, are NOT mistaken by sticking with this proven loser of an economic theory, why are we limping along with such a miserable sub par economy? If you can ever get around to honestly answering that question you will have greatly improved your understanding
of the world.

 

I'm sure, because I would be right and you would be wrong.

 

Not necessarily. Your arrogance is just getting the better of you. What would you cut? Would you increase federal revenue while lowering tax rates?

 

Roosevelt's agenda was not without its international admirers. The chief Nazi newspaper, Volkischer Beobachter, repeatedly praised "Roosevelt's adoption of National Socialist strains of thought in his economic and social policies" and "the development toward an authoritarian state" based on the "demand that collective good be put before individual self-interest."

Roosevelt himself called Benito Mussolini "admirable" and professed that he was "deeply impressed by what he (had) accomplished."

 

No, it's not, but dream on.

 

How to kill a Republic 101. Wilson was the vial, Roosevelt the poison. The End.

 

Yup I am familiar with those sourrces and you will also find they are in the minority.
NObel Prize in economics winner.

http://krugman.blogs.nytimes.com/2008/11/08/new-deal-economics/

and

""According to Federal Reserve chairman Ben Bernanke, “Only with the New Deal’s rehabilitation of the financial system in 1933-35 did the economy begin its slow emergence from the Great Depression.” In fact, even famed conservative economist Milton Friedman admitted that the New Deal’s Federal Deposit Insurance Corp. was “the structural change most conducive to monetary stability since … the Civil War.”""


But no matter, we can certainly agree that republicans got us into the great depression and democrats pulled us out. Infact if you check the time limes of America's greatest economic slumps, republicans are responsbile for all of virtually all of them since the end of the civil war.

Republicans have done pretty much nothing of consequence since 1865. Well, they talk a lot, I give them that.

We are limping along,because republicans are not interested in working with the president. The main goal of republicans is to see Obama fail. Don't believe me? Google Mitch McConnel and see what his main goal is. It is not working with the president to help the nation.Nope his main goal is to make Obama a 1 term president. As I said republicans have done nothing for the nation of any real benefit since 1865.

 

I bet he was and attempts to pack the Supreme Court or use the media as a rubber stamp for his policies show an authoritarian streak a mile wide as all sorts of laws and regulations during his reign were simply ignored so the New Deal could run it's rancid course.
Fortunately he died before his "2nd Bill of Rights" took hold. Individual self interests (freedom) were indeed put on hold so the collective "good" (in their eyes) was better served, as Obama and his progressives are still proving.
You can bet FDR would be nodding in approval and smiling at the notion
of a government mandate to buy health insurance as Obama Scare requires.

 

A) Paul Krugman is the most partisan source you could possibly cite to prop up the failed economy of Obama (you do think the economy is anemic, I hope). So, no surprise there.

And B), if republicans believe that Obama is leading this nation in precisely the wrong direction (as he evidently is) why in God's name would they NOT do everything in their power to get him out of office?
Are you old enough to remember the presidency of George Bush and how the opposition treated him? How much support and cooperation from the dems did George get? Very little to none...go fish!

 

Funny how the left just glosses over some of the things he said, the things he did, the outcome and who supported him around the world.

 

I'm sure they'd prefer to pretend or just forget.

 

Space alien attack...
per Keynesian stimulus pimp, Paul Krugman.

 

More stupid (*)(*)(*)(*). Obama got everything he wanted. Everything. He took office with a loaded House and a filibuster-proof Senate. They passed 100% of what Obama wanted.

And he failed. It all failed. Massive uber-fail of liberal Obamanomics.

America told him he failed on Nov 2, 2010. Biggest ass-wiping since the Depression years. Nov 6, 2012 can't get here quick enough.

That POS Obama, and a bunch of liberal Senators, are being thrown out of office.

Liberals are so god (*)(*)(*)(*) stupid. Idiots.

 

I don't know if you know this but Herbert Hoover didn't stand by and do nothing.
I know this is wiki, but I don't feel like digging up all the stuff I have read about him right now.

http://en.wikipedia.org/wiki/Herbert_Hoover

Public works and increased taxes... thats not doing nothing, in fact its a lot like the stuff Democrats want to do now. Ohh but it continues...

Denounced hands off, it is cute that he made up his own little name for government and private cooperation though. Something that sounds a bit like fascism to me. And onward...

He rejected the leave it alone approach...

Messing with trade, not sitting by and doing nothing.

Just like the stimulus and Tarp. Didn't really work in 1932 either.

Ohh in reading this I found another reason to hate FDR, he is very close to dethroning #1 Woodrow Wilson on my least favorite president list:

Wow, even back then candidates yelled socialism, funny thing was FDR took Hoover's policies and ROIDed them up.

 

Now that is the post of the month right there!!!!!!!!!

 

Another post of the month!!!!!!!!

 

I was just gonna say that Crafty made a concerted effort, while I just blew steam.

That youngster posts very well !

 

Both great and both repped!!!!
Congrats guys, you outdid yourselves in getting the point across.

 

Ohh forgot an important quote for my above post...

Hoover was FDR light, and FDR accused Hoover of being a socialist when he ran.
Its history repeating itself... Buch was a failure, Obama comes along and campaigns as being completely different, and does the same dang things only amped up. Wow.

 

History repeats itself. The similarities between Ubama, FDR and Carter are...well they just are liberal, collectivist, Marxist and yes Bush was a failure.

 

Because we never learn from history, which is why it doesn't astonish me that people actually push for big government. We have seen the results of large governments with near absolute power in the hands of a few people countless times throughout history. It never ends well and the regular citizens always end up suffering. There isn't a single government that hasn't become destructive as it gained more and more power. Its naiveté to believe human nature has changed and that it can't happen here as well. Our country was founded trying to avoid this as much as possible, but even so our founding fathers knew someday down the road our country would go the way of all others, you can find that out by many of their quotes and writings if you are so inclined.

I honestly don't think there is a way to stop it, it is inevitable in the end because of human nature as I see it. Which is why I tend to agree with Roman philosopher Sallust who once said "Few men desire liberty; most men wish only for a just master." It's true people want security (security does not mean just protection from attack, but also from affects of poverty and other negative things people experience) and many turn toward government to provide that. Look at people who want to ban guns, does it stop criminals from creating black markets for guns and using them against innocent people? No, but the fake sense of security is all they care about. In the end wishful thinking and the belief of security is enough for many to forget that those same people they choose to protect them can have the same selfish and greedy thoughts as a criminal who robs them at gun point. Which is why I wouldn't give a criminal a gun and I don't want to give government more power over my everyday life.

On a somewhat related topic, is it just a coincidence that when we give the government more power and let them borrow and spend trillions more then we can afford it seems the richest people and corporations that have the money to help elected officials stay in office make out better then everyone else?

 

There would be barely any difference between moving towards Hoover vs. FDR because Hoover was a big government socialist as well, FDR just spent more money

 

We will hold Obama to this. He will be thrown out of office next year. If we are lucky, he will drag the whole Democrat party down with him.

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