It's just not working

Leading indicators expose Obamanomics' utter failure

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Over and over, President Obama promises he won't rest until.

Until the oil leak is plugged.

Until every American who can work has a job.

Until there's health care reform.

Until no veterans are homeless.

CBS reporter Mark Knoller says Mr. Obama has claimed he "won't rest" with regard to at least 11 different topics of domestic concern.

Of course, few people lucky enough to have a job these days have rested more than this president, who has just enjoyed his sixth vacation of the year -- his ninth since taking office, 9.5 weeks' worth.

How is it that this gentleman is so cavalier, so sanguine, during the worst economic times during the Great Depression? All happening under his watch?

If he did get to work on one thing, just one thing, it should be getting this economy going again.

The problem is, Mr. Obama and those around him -- hardly any of whom have any private-sector experience to speak of -- are ideologically opposed to what needs to be done: The free market must be free again.

The government cannot get the economy going again; all it can do is get in the way. And it is. With the massive and ineffective "stimulus" bill, the new health-care law, a proposal to tax and regulate carbon emissions and plans to raise taxes next year, the federal government has cast a chill on an already cooled economy.

Businesses that have money are holding onto it, uncertain of what Washington will do to them in the way of taxes and regulations. That holds down hiring, props up unemployment and leaves the still-reeling housing and retail markets in limbo.

If people don't have jobs, they can't buy houses and cars and spend on other things.

This administration's handling of the economy is nothing short of a disaster. Much of the economy is idling, while some of it is still receding: Sales of existing homes plummeted 27.2 percent in July to their lowest level in 15 years.

"Downgrading its assessment of the economy," writes The Wall Street Journal , "the policy-making Federal Open Market Committee said the recovery 'has slowed in recent months,' and that the 'pace of economic recovery is likely to be more modest in the near term than had been anticipated.'"

"Day after day," the Journal says in another report, "investors have been hit with more evidence that the economy is stalling."

Analysts have recently decreased their projections for the country's gross domestic product -- the value of what we produce -- to a tepid 1.5 to 2 percent.

That has implications not just in financial markets, but in government policy: The Obama administration's fairy-tale projections on the new health-care law's costs were based on a much rosier outlook.

Mr. Obama can try to blame it all on his predecessor, as is his wont, but Americans increasingly aren't falling for that canard. Nearly two years in, and with housing sales at 15-year lows, this administration can no longer pass the buck.

Obamanomics are a complete failure.

Republicans this week called for Mr. Obama to fire his economic team, as well he should. The president might already have done so, were he in disagreement with their approach -- or were his highest priority the health of the economy rather than the extent of federal power to redistribute wealth. We fear neither is the case.

Again, Mr. Obama's government-centric approach is not just getting in the way, but more and more experts are saying it's inhibiting the economy and holding back job growth. Mr. Obama's appetite for government spending has even been rebuked by the social democracies of Western Europe.

That's akin to an addict telling you that you've got a drug problem.

"We have tried 19 months of 'government-as-community- organizer,' " House Republican Leader John Boehner said.

In other words, socialism.

We can't fire the Obama team just yet. But this November, we can fire their colleagues in Congress and get this economy moving again.

"The most powerful, no-cost strategy Congress can adopt," writes the Heritage Foundation's James Sherk, "is to stop threatening those in a position to hire -- no more taxes, no cap-and-trade legislation, no government takeover of private health care, and no massive increase in the public debt."

Americans shouldn't rest until that happens.

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Rozzie2003
5
Points
Rozzie2003 08/25/10 - 09:51 pm
0
0
Mr. Ryan, please quote me the

Mr. Ryan, please quote me the Repuiblicans' agenda for solving the financial problems we are experiencing. I assume you are an intelligent individual and you certainly know it will take some time to overcome this recession. It took 10 years to get where we are today and maybe 10 years to get out. Tax rate cuts and deregulations lead us there. Everybody can't delay their creditors by using government protection---bankruptcy-- like your company.
Mr. Ryan, let us all stop fighting each other and come forth with some constructive solutions and get our state congress persons to do something about the recession. Most of them are up in Washington doing nothing. I checked each record and our good candidate for governor missed 25% of the votes. He wasn't around to vote and now he want to be governor to enhance his business. At least one of of our senators got a bunch of earmarks for his constituents---ours did nothing for the Augusta area. Hope The Chronicle survives the great ression.

dashiel
176
Points
dashiel 08/25/10 - 10:45 pm
0
0
We will look to Congressman

We will look to Congressman Orange Bonehead. I'm sure he has plenty of PRIVATE sector experience and original ideas. You'd think he might share one of them with the American PUBLIC.

faithson
5526
Points
faithson 08/25/10 - 11:15 pm
0
0
So everything is falling

So everything is falling apart NOW according to the AC. Basic rational thought suggests that all consequences have a CAUSE. Now if you believe that the innumerable consequences suggested by this editorial have all been caused in the last 20 months, your rational faculties are in need of an upgrade. Stated simply; we all got screwed by our government over the last 10 years and we the people who wanted our cake and eat it too are just as much at fault as any congressman.

omnomnom
3964
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omnomnom 08/26/10 - 12:07 am
0
0
AC lambasts federal stimulus

AC lambasts federal stimulus spending spree... but unabashedly backed construction of the TEE center last year? Ah, the smell of hypocrisy in the morning.

omnomnom
3964
Points
omnomnom 08/26/10 - 12:09 am
0
0
Jon Boner needs to shut his

Jon Boner needs to shut his piehole. He's one of the biggest Rinos out there. TERM LIMITS WANTED: Reps and Dems alike! (Ron Paul can stay as long as he cares to, however)

sjgraci
2
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sjgraci 08/26/10 - 01:15 am
0
0
The chronicle is delusional

The chronicle is delusional and insane. It is the free market policies of Bush and the republiCONS that got us into this mess just like CONServatives did during the Great Depression. It took Presidents Roosevelt and Truman more than a decade along with WWII and higher taxes on the wealthy who caused the problems to pull us out of that mess. It's going to take President Obama a heck of a lot longer than 18 months to improve the disaster he was dealt. Especially with policies that are far less Socialist than they were in the '30s and '40s.

What does the chronicle, CONServatives, and tea partiers want? A return to a white puppet oil man who will enact policies that favor the rich 2%. Same old same old John McSame.

DanK
784
Points
DanK 08/26/10 - 01:31 am
0
0
The answer from the right is

The answer from the right is always the same -- let the free market do its magic. Thing is, there are free choices being made by business every day. In fact, businesses are hiring and growing. Nut rather than hire Americans, they are outsourcing to countries like India, South Korea, Taiwan and Mexico, because in a free market, manufacturing will go where the labor is cheapest. You can't blame this on Obama.

The banking policies that caused the housing collapse originated with Dubya, who decided that every American should own a home. The obscene credit card rip off that has millions of Americans bankrupt or close to it is due to the freedom of banks to impose whatever insane rates they want *after* people borrow. And in these very pages a few weeks ago, AC was complaining about the attempts of the Obama administration to impose limits on health care spending.

The notion that free markets are the answer to all ills belongs in the era of agrarian society and early industrialization. That era is long gone. We live in a global economy, and the principle products of the U.S. are no longer manufactured goods, but intellectual (technology, information, communication, entertainment arts, etc) and military (weapons, war, and all that feeds it).

Want to see free market in action? Look at the airline industry since deregulation. Wow, what a success story that has been, eh?

gijoe7898
0
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gijoe7898 08/26/10 - 01:37 am
0
0
look it up. Obama's admin is

look it up. Obama's admin is less than 10% business background. great job they are doing. reminds me of the time I spent as an Army recruiter. Most of us wanted to finish that time and get back to regular duties and troops. there were those who stayed in recruiting for years. we considered them as hiding from the real Army.

well, Obama's team is a bunch that have hid from the real world of business and reality. hiding in academe, holding on to failed economic ideas, Clower & Piven, socialism and Saul Alinsky have given us what you see today. we have a community organizer who has never made a payroll, applied for a small business loan nor signed a paycheck.

No one can honestly argue that business does not drive the USA economy. it certainly isn't public sector employment. just as liberals despise republicans, many people despise "business". yet, where do you get your paycheck? has a poor man ever signed your paycheck? if your boss/business owner wasn't taxed and regulated so much, you think you may get better pay, benefits or equipment to work with? good business owners invest in their businesses. so if not, maybe you work for the wrong person.

I've yet to meet someone who said, "If only the govt would tax and regulate my boss more, I'd get a pay raise and more benefits." If you think "business" is so bad, go start one yourself. find out the hurdles and obstacles in your path. learn of the local, state and fed fees, taxes and regulations. go choke on the very things that you may deem so necessary.

it's the people who took chances in free enterprise that built this country. without their ingenuity, we'd be a 3d world country. wake up and understand that business drives this country. govt stifles it. as the stifling goes, so goes the economy.

yes, there are the frauds and scammers. I'm all for rooting them out. but you know what? they are smarter than the govt. Congress can pass all the reforms they want. Congress is a group of career politicians. they are no match for private sector business people. think about that when you vote.

gijoe7898
0
Points
gijoe7898 08/26/10 - 01:47 am
0
0
DanK, blame it on Bush? i

DanK, blame it on Bush? i see you're a kool aid drinker. Bush wanted to reform Fannie and Freddie because of the impending housing collapse. it was the Dem controlled Congress, led by Barney's Frank that stopped what was forseen and needed. don't come out here spouting rhetoric without facts.

Also, US buinesses would not outsource work overseas if they could do it as cheaply here. If you owned a business, would you be willing to operate at a loss to stay here while a competitor goes overseas and makes a profit? How long can a business stay in business when it loses money? A business is not the govt. It can't keep operating at a loss. Maybe that idea is lost on you liberals. You never have had any business sense.

Credit cards? no one forced you to get one. there are competitive cards if you shop around. You sound like you prefer the Soviet Central Planning model of govt. After all, we can't trust the free market, as you say?

In case you haven't seen, and I know you aren't high on facts Dan, just this year, the US lost #1 spot as a goods manufacturer. If Obama would get off his political rear and pass some more free trade agreements with Central and South America, we could export heavy machinery and goods that is now being filled by Asian countries.

Get a clue Dan, and a few facts instead of talking points.

Brad Owens
4906
Points
Brad Owens 08/26/10 - 03:29 am
0
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gijoe7898, Good post at

gijoe7898,

Good post at 02:37hrs

Brad

charliemanson
1
Points
charliemanson 08/26/10 - 04:29 am
0
0
Russian economist predicts

Russian economist predicts “Great Depression 2″ in the United States

Posted November 9, 2008

KP: Mikhail Leonidovich, how did you end up predicting the current financial crisis?

Khazin: In the spring of 1997, the Kremlin established the Presidential Economic Department. I was made the deputy head of the unit. Our first task was to prepare a report for [former President Boris] Yeltsin about the economic situation. We realized an economic crisis was pending in Russia and would take place in the late summer or early fall of 1998 if the country’’s economic policies weren’t changed.

KP: What view did the higher echelons take of your report?

Khazin: They didn’t really take any view at all. No one read the text except for the deputy head of the administration and Yeltsin himself. In the summer of 1998, we were fired from the presidential administration for trying to stop a business project titled, “State Treasury Bills— Exchange Rate Corridor.” This was the biggest financial scheme of the post-Soviet era. Just as we had predicted, an economic crisis gave way that August. Together with my colleagues, I continued researching the reasons behind the crisis.

After becoming seriously consumed in our studies of the U.S. financial system, we found an unprecedented parallel. Just as our T-bill market had sucked all the juices out of the Russian economy, the U.S. financial market was sucking the resources out of the entire planet. We realized a similar fate awaited the U.S. financial system. Our article was published in the summer of 2000 in the “Ekspert” magazine, titled, “Is the U.S. Digging for an Apocalypse.” We concluded that it was just as impossible to avoid an economic crisis in the U.S. as the financial collapse in Russia.

Playing the idiot

KP: The U.S. obviously didn’t listen to the song written by [the renowned Russian rock group] LUBE during perestroika, “Don’t Play the Fool, America!” Seriously, though, what’s the real reason for the economic collapse? Let’s try to do this without any heavy duty financial terms…

Khazin: I’ll try! The economic model that led to the collapse was the result of a crisis in the 1970s. This was a terrible financial crisis that was the result of surplus capital. Even the 19th-Century classics in economics literature concluded that capital grows faster than labor provides compensation. As a result, there is a lack of demand. In traditional capitalism, this problem is solved on account of crises in excess production. And in an imperialistic system, the problem is solved on account of capital outflow. But by the 1970s, these solutions had run their course. However, the internatinoal situation demanded the U.S. either make a great scientific and technological leap forward or lose the Cold War to the USSR. The administration of [President Jimmy] Carter and the head of the Financial Reserve System Paul Walker developed a very tricky concept. For the first time in the history of capitalism, capitalists began helping others, issuing new currency in an effort to stimulate aggregate demand .

KP: They decided to switch on the printing press?

Khazin: Exactly. In the early 1980s, they started to stimulate demand through state support. For example, they launched the “Star Wars” program. As of 1983, they placed an emphasis on the household economies.

KP: You mean, they relied on the average citizens?

Khazin: Yes. For an entire quarter century, households received funds as a result of issuing new currency in larger and larger quantities.

KP: In other words, credit?

Khazin: Yes. The U.S. was able to make the next step in technological progress as a result of this excess demand. They accomplished the collapse of the USSR and numerous other significant fears. But… The boom took place thanks to resources that were supposed to provide for future growth. The country ate its own resources two generations ahead of time. The U.S. built up tremendous debt. This is clearly seen if we compare the growth of debt in U.S. households with the entire U.S. debt and GDP. The economy is growing at an annual rate of 2-3, or at a maximum 4 percent. But debt is increasing at a rate of 8-10 percent.GovMint.com

KP: Well, let the debt keep growing… The U.S. lived fine up until now without a problem… Better than we did!

Khazin: Yes, the U.S. did create a very high standard of living by stimulating consumer demand. Generations lived without having to experience poverty. But it’s impossible to live forever in debt. Household debt has now surpassed the national economy — more than $14 trillion. Now it’s time to pay up. Of course, Wall Street tried to postpone this collapse. I won’t go into detail about derivatives and other such financial assets, but this was just a gasp for air before an inevitable death.

Another problem in the U.S. is that powerful industries were built around this growing demand. Whatever decision Wall Street takes right now, the demand is going to fall. What will happen to these industries? In 2000, we estimated that 25 percent of the U.S. economy would disappear. Today, we think the number is closest to one-third — if not more.

KP: That’s a lot!

Khazin: That’s an incredible amount! But what exactly does this mean — the destruction of one-fourth of the U.S. economy? It means an uncontrollable increase in unemployment, a horrible depression, a sharp increase in the effect of social services on the budget… Now, the U.S. is jumping all over the place doing everything its can to rescue this fraction of the economy. The government is stimulating banks and manufacturing… But regardless, in 2-3 years, the U.S. will face a crisis similar to the Great Depression.

Source: http://www.chuckypita.com/russian-economist-predicts-great-depression-2-...

carcraft
28457
Points
carcraft 08/26/10 - 04:35 am
0
0
We have spent more on the

We have spent more on the "stimulus" package than Bush spent in Iraq, I'd say we have more to show from Iraq, one accomplishment Obama can call his own! BWAHAHAHAHAHAHAHAHAHA

johnston.cliff
2
Points
johnston.cliff 08/26/10 - 05:06 am
0
0
The reason the obama was

The reason the obama was elected was a combination of RINO control of congress, excellent propaganda by the choreographed media, and a generation of dumbing down of America in our government schools. No economic history of the world was taught, very little mention of economics at all was made, and the words "individualism", "responsibility" and "accountability" were NEVER mentioned. The promotion of diversity and government largess was shouted from the rafters and ...VOILA... communitarian for president became worst president since Jimmy Carter. Was it Bush's fault? Some of it. Was it ignorance's fault?? Most of it. Now we're seeing just how foolish our diversity experiment is. Even the "undecided" and "moderates" and other fence straddlers are noticing that a fool in the White House, even a brilliant fool, is a major mistake that needs to be repaired.
obama has done more damage to this country than Carter ever dreamed of. We must start NOW to fix this mess.

justus4
113
Points
justus4 08/26/10 - 05:19 am
0
0
"All politics are local" is a
Unpublished

"All politics are local" is a famous quote that this article/opinion clearly don't understand. The economical condition of the country is based on the condition of each state. Each state has a governing body at the state and local level. The famous quote refers to the fact that individual citizens are affected MOSTLY at their state & local levels. That is by design so that the "People" are more closely in contact with their government. With those facts in mind, crying about what Washington is doing, or not doing is futile, because it doesn't properly hold accountable those responsible. A brilliant trick, but only works on the uninformed and uneducated. So here is the question: Which camp are U?

southernguy08
532
Points
southernguy08 08/26/10 - 05:35 am
0
0
The liberal Democrats OWN
Unpublished

The liberal Democrats OWN both houses of congress AND the White House, but all this great "hope and change" has us at nearly 10% unemployment, the economy is stuck in neutral, and their guy is sinking faster than the Titanic. So, whose fault is this? Why George Bush and the Republicans, of course! Yeah, I'm laughing, and so are most voters...until November!

NotReallyGA12
0
Points
NotReallyGA12 08/26/10 - 06:12 am
0
0
Move along there's nothing

Move along there's nothing NEW here from these 3 editors. The HATE they have for Obama is only showing again today with this editorial. MOVE ALONG I said. I bet tomorrow's editorial or atleast one before Sunday will RACE BAIT the online readers. Can't wait. *YAWNS*

carcraft
28457
Points
carcraft 08/26/10 - 06:16 am
0
0
And please don't tell me that

And please don't tell me that this is Bush's economy, Obama and the Democrates bought it with a 1 trillion dollar "stimulus package" paid for with our taxes, our children's taxes and our grand children's taxes!

chascush
0
Points
chascush 08/26/10 - 06:35 am
0
0
DanK, ‘The notion that free

DanK, ‘The notion that free markets are the answer to all ills belongs in the era of agrarian society and early industrialization.’
Russia and many other countries tired the communist/socialist approach and it has NEVER WORKED. We are the greatest country in the world because of capitalist.

chascush
0
Points
chascush 08/26/10 - 06:38 am
0
0
NotReally, ‘The HATE they

NotReally, ‘The HATE they have for Obama is only showing again today with this editorial.’
Hussein is failing at every point and you just blame the messenger.

NotReallyGA12
0
Points
NotReallyGA12 08/26/10 - 06:45 am
0
0
chascush, are you adhering to

chascush, are you adhering to the Beck rules this weekend and the Maine blogger about avoiding people of color while you are here in DC? Oh do you still believe 95% of whites are the sole payers of taxes in the US?

southernguy08
532
Points
southernguy08 08/26/10 - 07:05 am
0
0
NOTREALLY, the economic info
Unpublished

NOTREALLY, the economic info said 95% of taxes are paid by the top wage earners in America. I don't remember race being brought into it. Liberals always bring up race, but conservatives are always accused of it. Sad, but it is indicative of a lost argument. However, given the total incompetence of this administration, I don't blame the Obama supporters trying to shift attention to something, or someone else.

chascush
0
Points
chascush 08/26/10 - 07:18 am
0
0
Only, er NotReally, you said

Only, er NotReally, you said you were attending the new black panther, the OTHER 8/28 rally, in DC earlier. I hope you folks have a little room Beck has more than 1000 bus coming not to mention those coming in other ways. See ya there.

dashiel
176
Points
dashiel 08/26/10 - 07:25 am
0
0
Sobering, Charlie Manson.

Sobering, Charlie Manson. Reagan's bluff brought down Russia's economy while the clueless continue to argue over who brought down ours. Thank You for the perspective, not something I ever expected to discover in the Chronicle (though I feel sure FOX must be working on a documentary about it--HA!).

Michael Ryan
808
Points
Michael Ryan 08/26/10 - 07:33 am
0
0
Rozzie -- Thanks for the

Rozzie -- Thanks for the post. We have editorialized repeatedly, and will continue to, about what we believe led to the collapse and what needs to happen from here. Congress actually required banks by law to offer home loans to people who could not afford them, in an effort to spread home ownership, particularly to minorities. Many of those bad loans ended up in the hands of quasi-governmental Fannie Mae and Freddie Mac, which collapsed under the weight. Meanwhile, Congress (both parties) overspent our capacity to pay by $13 trillion and rising, and we've little to show for it. In our view, banks need to be prohibited from speculating with deposits, and federal spending must be cut to somewhere below our capacity to pay it. We believe a constitutional amendment may be necessary for that, unless the next Congress and president have the political will to do it statutorily (we're not holding our breath). Regulations and taxation must be reduced to encourage investment and hiring. New energy taxes (cap and trade) must be turned back, and the health care bill must be overturned. We've said these things repeatedly, and will continue to do so. Lastly, we believe term limits may be necessary to effect many of these changes, since members of Congress now use our tax money to curry favor with voters and special interests in order to win re-election for life.

Brad Owens
4906
Points
Brad Owens 08/26/10 - 07:36 am
0
0
Seems that eberyone wants to

Seems that eberyone wants to blame someone else.

Reichpublicans blame Obama and call him a commie...

Dumbacrats blame Bush and call him a profiteer...

Cut taxes on small business, cut taxes on the upper and middle class, and provide aid to the less fortunate during these times and the market will right itself.

Only REAL job creation, not fake government fudned on borrowed dollars from China ones, will bring us out of this.

I am glad I was npot elected when I ran before. I am glad I was forced to make a living, make ends meet, struggle, and fail at my own business. I have worked my way out of debt from my bar and now am back on top of my life.

I now have my own consulting firm and will be partners in several bussiness thatI have EARNED my partnership into. I struggle with overhead and bills, employee taxes and government paperwork, but I provide jobs (through several business ventures) for over 600 folks and manage over 1500.

I love private business now and see politics as a dirty business that is full of fakers and losers. But I also now have a new appreciation for public servants who eneter politics after making it in the private sector.

I would have been a failure at politics if I had been elected at 27 when I ran. I now have a depth of experience to pull from and I must say that I find myself more in line with the pro-business wing of the Republican Party and the Moderate/conservative Democratic members these days.

I know that if we did not have all the taxes on us that I would have alreday bought new vehicles and equipment. We would have expanded our force and taken a few more risks with growth. That is NOT a political statement, that is just the plain truth.

I understand the government must have fiunds and function, but in times where you are asking us, the private sector, to help grow jobs, you MUST remove as much of the tax burden as can be done, then we would have the money we need to create more jobs.

You can't have everything. Cut taxes on us and remove the burdens and we will handle the recovery and job creation.

Govt OUT, business IN,

Brad

Brad Owens
4906
Points
Brad Owens 08/26/10 - 07:49 am
0
0
P.S. I have NO interests in

P.S. I have NO interests in running for any office ever again. I have found the way I can best help people, and it has nothing to do with elections, lies, campaigns, corrupt power, or govt regulations.

I can make life better for my family and fellow man by creating living wage jobs and running an honest business.

Politics is just not a place for people like me I have found out.

Politics sucks...

Chillen
17
Points
Chillen 08/26/10 - 07:59 am
0
0
That's a great post Brad but

That's a great post Brad but to remove the tax burden from us the govt must stop their massive spending.

In the last 2 days there have been articles in the AC about the influx of federal money coming to bail out GA homeowners not paying their mortgages and to bail out the crappy GA educational system.

In the meantime we, the taxpayers, are funding vacations for the obamas, trips for imams to the middle east, welfare, food stamps, 99 months of unemployment pay, healthcare for all, social security & medicare payments that far exceed what individuals have put into the system, private jets for senators & congressmen, bloated federal salaries, union driven bloated pensions & benefits, foreign aid. That list is just the tip of the wasteful spending iceburg.

When will it stop? When will they get down to business and get serious about wasteful spending and wasteful entitlement spending?

This admin will never do it, it's how they were elected. A changing of the guards will result in some improvement but probably not enough.

It may take an economic collapse for the re-boot button to be pushed.

Rhetor
1082
Points
Rhetor 08/26/10 - 08:00 am
0
0
There certainly is much truth

There certainly is much truth to this, and Adam Smith was right that businesses in free competition will ultimately work to the benefit of the consumer (although not, according to his theory, to the benefit of the businesses). There are some complications, however. First, the government does have a Constitutional power and obligation to "coin money and regulate the value thereof." This is something that private industry cannot do, and much of the financial package falls, at least broadly, under this heading. Without a stable currency--and we have been facing a major threat of deflation--the free market will likely collapse. Second, many industries are dominated by one or two or three large companies (Microsoft, anybody? Boeing?) who do not face effective competition. The free market works much less efficiently in these cases. Third, the free market cannot function efficiently with widespread fraud and corruption such as what was practiced by certain large Wall Street firms in the years leading to the housing bubble collapse. Government regulation and appropriate prosecutions--which both Bush and Obama have been reluctant to pursue to adequate levels--are the only solution to criminal behavior. You certainly wouldn't say that the free market could regulate fraud, and fraud, on a massive scale, is exactly what certain Wall Street firms practiced during the years leading to the housing bubble collapse. Fourth, you are all overlooking that 40% of the Democrats' stimulus policy consisted of tax cuts.

Rhetor
1082
Points
Rhetor 08/26/10 - 08:02 am
0
0
PS, I agree that Obama is

PS, I agree that Obama is taking too many vacations, as did Bush (who vacationed to play golf right after 9/11). I'm sure that the job is stressful, but the public needs to be reassured that the boss is on top of things.

dichotomy
37448
Points
dichotomy 08/26/10 - 08:07 am
0
0
Today a flotilla of fishing

Today a flotilla of fishing boats will protest off of Vineyard Haven where Obama is vactioning. They are protesting artificial catch limits the Obama administration has imposed with no rhyme or reason. Maybe those fishermen were getting "too wealthy" for the Democrats. Obama and the left wing radicals he has installed from top to bottom in his administration are slaughtering jobs and killing the economy in every sector. If we don't stop them cold in November and put Obama out in 2012 we will never recover. If you are anywhere close to a middle of the road voter you need to hold your nose and vote for a Republican for the House and Senate this November. We need to set the stage for 2012 to overturn the Mad Marxist. Most of what he and his left wingnuts have done can be reversed with the stroke of a pen except for Obamacare and Financial (Over regulation) Reform. Those will require a conservative president and a conservative controlled congress to fix. A lot of things needed to be improved but Marxist regulations and a Socialist economy is not, and never will be, the answer. See Greece circa 2010.

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