Archive for the Category » govt. economics «

December 20th, 2009 | Author:

President Obama last week told a group of Republican members of Congress who were at the White House that, every economist he has talked to said they need to spend more money to create jobs and stimulate the economy. The President then asked them to produce a list of economists that say we shouldn’t spend money to get us out of the problem.

Rep. John Boehner (R-OH) today released such a list. 222 economists from across the nation signed on to support a statement that cautions against out of control federal spending and too much national debt. The economists all agree that the 2009 stimulus bill did not succeed in its goal of creating jobs.

Furthermore, the prominent group is in agreement that controlling spending now can be done without harming the economy.

Politicians in Washington have too often declared there to be a false consensus on an important issue, as if those that disagree with them do not exist. Far from being non-existent, the group of 222 harks from distinguished universities, including Harvard, The University of Chicago, Columbia, and Georgetown. White House staff who tell the President there is no disagreement on the merits of economic stimulus are just plain wrong.

The President can no longer cover his ears. This year’s 2009 Stimulus bill will end up costing taxpayer’s over $1 trillion dollars including interest costs which these many experts believe was a waste. Any progeny of stimulus would face a similar fate. 

-The Heritage Foundation

note:  The only problem with Boehner’s list is that all these economists are now wearing giant bull’s eyes on their backs.

Here’s some more truth from the Heritage Foundation that even a moron the economically-ignorant can understand.

Category: economics, govt. economics, Obama  | Comments off
December 14th, 2009 | Author:

President Obama is ratcheting up the pressure on Wall Street to back a financial regulatory overhaul winding its way through Congress, telling top CEOs gathered at the White House on Monday that they owe it the American people after receiving hundreds of billions of dollars in government assistance.

“The way I see it, having recovered with the help of the American government and the American taxpayers, our banks now have a greater obligation to the goal of a wider recovery, a more stable system and more broadly shared prosperity,” Mr. Obama said.

* * *

Mr. Obama stressed the need for banks to lend more to small and midsize businesses to help spur job growth, but he said he has no desire to micromanage the sector.

Just like he doesn’t want to control the auto industry with his “Car Czar.”

I have no great fondness for Wall Street or bank CEO’s, but this Washington Post article by Kara Rowland proves the old adage that money always has strings attached.  It also proves beyond a shadow of a doubt that Obama has no morals, and will use whatever tools he can to force us all to follow his socialist agenda.

Moral of the story:

The next time someone offers you money and says, “We’re the government and we’re here to help,” remember the story of the Trojan Horse and the truth of God’s Word:

The rich rules over the poor,
And the borrower becomes the lender’s slave.
(Proverbs 22:7)

November 13th, 2009 | Author:

The FDIC’s board voted Thursday to require banks to pay at the end of this year the amount they would owe the FDIC over the next three years. The agency collects insurance premiums from all banks, which it uses to reimburse depositors in failed banks. Washington Post

This is just insane!  Unless the FDIC gives exceptions, banks which are already financially unstable will be forced into bankruptcy!  Think about it this way:  You are eking out a living for yourself and have bought a nice car that you are still making payments on.  Basically, you are living paycheck to paycheck.  Your bank calls you up one day and says, “Oh, by the way, we need you to pay three years worth of car insurance within the next two months, or else we will repossess your car.”  What the heck do you do?  Pay for three years worth of insurance, or give up the car? Doctor Bulldog & Ronin

June 18th, 2009 | Author:

If NBC’s critically-important, hard-hitting news stories about Obama’s dog and their video of him killing a fly hasn’t convinced you that mainstream media (MSM) is nothing more than a regurgitating voice for the feds, then ABC’s upcoming program to sell Obama’s health care plan – to be broadcast from the White House – should. (so cozy)

Does anybody remember MSM’s investigative reporting on WMD’s in Iraq, the supposed justification for invading a sovereign nation and killing thousands of people? Of course you don’t, because there was none. MSM obediently parroted what Bush & Company told them. They didn’t present any opposing views, and they didn’t investigate squat.

National news is now defined as anything the President says to a reporter.

I realize I can’t counter ABC’s influence, and even though they won’t present any opposing views to Obama’s health care plan, those views do exist. So if you’re going to hunker down and watch their propaganda, take 8 minutes right now to watch Ron Paul offer some alternate solutions. It just might prevent another war over imaginary WMD’s.

June 17th, 2009 | Author:

Understandably, not as many foreigners have been coming to visit the USA since 9/11. Obviously, this is something the government must address, so meet S1023 the Travel Promotion Act of 2009. This bill would, among other things, “establish a non-profit corporation to better communicate U.S. entry policies to international travelers and promote leisure, business, and scholarly travel to the United States. The legislation would also create an Office of Travel Promotion within the Department of Commerce to coordinate with the corporation.

And how will all these new government jobs be funded? The government (meaning our tax dollars) will cover two thirds, and there will be “agreed assessments” on the travel industry.

But the honey that will draw all these foreigners to our shores? The Department of Homeland Security will be required to collect a “$10 ESTA fee from foreign travelers.” Who could resist such a deal?

And these are the same people that are taking over our banks and car companies. Be afraid, America. Be very afraid.

Category: govt. economics  | Comments off