I really thought the following was simply satire from Moonbattery, but then I followed their links. Too funny:
People who can do math noted that even if the $160 Billion of the Spendulus spent in the first nine months were divided by the grossly exaggerated White House figure of 1,000,000 jobs “created or saved” it worked out to $160,000 per job. The White House has responded by accusing those who can perform long division of “calculator abuse.”
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These are the same guys who laughably claim that ObamaCare will be “deficit neutral.”
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MooseandSquirrel said: ” I can’t figure out why they would want to repeat a history any fool can see didn’t work unless totally destroying the American economy is their intention”
Bingo!
In the first Fed-created depression there were 200 millionaires in the US, after the depression ther were over 2000, the majority of whom were associated with Fed Reserve-backed investment banking – these were the vermin that bought up depressed land, property and business at pennies on the dollar – that was the point of the contrived currency and credit contraction.
This time round I think the vermin want to use the inflationary currency bubble to crash the US dollar – for a number of reasons:
1) to deflate the value of their debt to foreign currency/bond holders (Chinese?)
2) to get filthy rich restructuring US currency valuation based on the IMF ‘dollar’ and trading in a new “rationalized’ north american currency between los tres amigos.
Mexico wins, The owners and clients of of the Fed reserve win, the EU and their bankers win and the US, Canadian and Chinese dollar holders/traders underwrite the green back loss.
In any event Americans and Canadians whose net worth is primarily in dollar based savings/investments, will take a massive loss of valuation of their personal wealth when currencies are re-valued/restructured.
Anyone who believes the Wall Street gangsters who have taken over the Dem machine in the White house is a self-destructive idiot.
These guys are inventing fiscal and budgetary numbers a kid wouldn’t buy. They inflated The money supply to cover their deficit spending and now they tell us this inflated debt-issued monetarized credit has ended the recession…don’t buy it.
” how does today compare with the 1930s in tax revenue and government spending? In 1930-31 tax revenue fell almost 53%. It increased 250% in 1932 and tripled in 1938. Yet, growth during the 30s went nowhere. In spite of an increase of 45% in government spending during those years by 1940 GDP had not returned to the levels of 1930. In 1939 unemployment was still 17.2% and in 1940, 16.4%. This is the same monetary policy being used today that was used during the 1930s. Keynesian monetization that does not work. The only reason the depression did not continue is that FDR arranged another war, otherwise the depression could have continued indefinitely. The debt bubble of the 1920s only lasted seven years. Our present debt bubble actually began in 1978, was purged in 1982-83 and began again in 1986. It was killed in 1989 and resurrected in 1994. The bubble of 2000-2001 was replaced by our current real estate bubble in 2003, which is now in the process of deflating. The privately owned Federal Reserve engineered all this.
The current fiasco was accompanied by a shortfall in tax collections to government spending from 2003 to 2007. 2008 held its own due to cooking the books and 2009 fell almost 18%. Unless further tax increases are implemented you can expect 2009 to fall short as well. Thus, if taxes are not increased the American economy will collapse. This is harsh and tax increases will come at just the wrong time. It can in part by temporarily covered by hyperinflation, but that would be a transitory solution. 62.8% of foreign reserves are in US dollars, so as the dollar depreciates foreign debt decreases. The flip side is that there is major imported inflation, particularly in the cost of goods and services.
Present government stimulation is not going to work. It didn’t work in the 1930s and Japan has found out to its dismay that since 1992 it didn’t work for them either.”
http://tinyurl.com/yl9ah28
I can’t figure out why they would want to repeat a history any fool can see didn’t work, unless totally destroying the American economy is their intention.
The cat playing in the blinds is a perfect visual. For smart creatures, cats can get caught up in the moment. Reminds me of Obama and his crew. Just be glad that the current occupant of the WH is not in charge of something important. Its the new math. Cheers.
In reality, it’s not that the current occupants of the WH are so dumb, it’s that they think most Americans are as stupid as the sheeple who follow them.
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