It’s refreshing to see a political ad that’s positive for a change. Don’t tell me how bad the other guy is, tell me who you are and what your plans are. I am looking forward to having this young man in The United States Senate.
http://www.runawayslavemovie.com
From the Chicago Tribune, by Mike Memoli, Biden: ‘We’ve seen this movie before’
“For eight years before we arrived in the West Wing, Mr. Boehner and his party ran the economy literally into the ground,” he said. “We’ve seen this movie before, Mr. Boehner. We’ve seen it before and we know how it ends.”
Joe, do you mean the movie where unemployment was only 5.5%? Was that the movie you were talking about?
Biden conceded that the economic recovery was not proceeding as fast as the administration had hoped, but claimed there was “no doubt we’re moving in the right direction.”
Right direction? What are you smoking, Joe? Up is Down, Wrong is Right, it’s Bizarro World and you are in charge. G_d help us!
Under your regimen, National Debt has doubled, we have double digit unemployment, 500,000 new jobless claims announced this week, the Dow Jones on the way to 5,000, and huge tax increases on the way for the producers. This can’t end well.
Never in the history of The United States has there been a more incompetent, crooked and immoral executive branch. In the last 2 years of the Bush Administration the Democrats were in charge of the legislature and single handedly destroyed The United States economy. AND! Democrats continue to destroy the economy at an accelerated rate. It appears deliberate and in my opinion borders on TREASON!
By Porter Stansberry - This Is Why There Are No Jobs in America
I’d like to make you a business offer.
Seriously. This is a real offer. In fact, you really can’t turn me down, as you’ll come to understand in a moment…
Here’s the deal. You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. I’ll partner with you no matter what business you’re in – as long as it’s legal.
But I can’t give you any capital – you have to come up with that on your own. I won’t give you any labor – that’s definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business. That’s my role in the affair: to tell you what to do.
Now in return for my rules, I’m going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it? I think so. Of course, that’s half of your profits.
Get your bumper and hard hat stickers at Cafe Press.
From the New York Times by Nicholas Kristof, Obama: Man of the World
Mr. Obama recalled the opening lines of the Arabic call to prayer, reciting them with a first-rate accent. In a remark that seemed delightfully uncalculated (it’ll give Alabama voters heart attacks), Mr. Obama described the call to prayer as “one of the prettiest sounds on Earth at sunset.”
The President should be careful not to pull the kimono open too far, he might expose his true Muslim tendicies. Remember, Muslims are allowed to lie in order to promote he cause of Islam. From what I can observe, the current resident of the White House lies every time he moves his mouth. His birth records, school records, college records, passport records are all either sealed or lost. What is he hiding?
From AOL News, Obama Slammed, Praised for Backing Ground Zero Mosque
Barack Obama has abandoned America at the place where America’s heart was broken nine years ago, and where her true values were on display for all to see,” said Debra Burlingame, a spokeswoman for a group of victims’ families, according to The Associated Press. Burlingame’s brother was a pilot killed in the 9/11 attacks.
When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn.
Proverbs 29:2
Obama gave up a once in 100 year opportunity to visit the Boy Scout Jamboree. Instead, he decides to appear on the TV show The View which appears 5 times a week.
But neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt. He therefore is the truest friend to the liberty of his country who tries most to promote its virtue, and who, so far as his power and influence extend, will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man.
Samuel Adams
From Yahoo News, By Robin Pomeroy, Iran’s Ahmadinejad survives blast near motorcade
During a speech to a conference of expatriate Iranians in Tehran on Monday, Ahmadinejad said he believed he was the target of an assassination plot by Israel. “The stupid Zionists have hired mercenaries to assassinate me,” he said.
Yeah sure, we want to believe you Mr Iranian President. Face it, if it was the Israelis you would be dead! Most likely it’s one of your fellow Iranians. Perhaps one of your sub-contractors that supplies the Iranian IEDs to your agents in Iraq.
raising taxes is the enemy of controlling spending.
Mississippi Governor, Haley Barbour
From the American Spectator, by Peter Ferrara, The Timeless Principles of American Prosperity
Several times in the last 100 years, whenever the nation’s economic policies adhered to the timeless principles of economic growth and prosperity, our economy has boomed. When it has departed from those policies, it has fallen into stagnation, or worse.
America today once again desperately needs to return to the timeless principles of economic growth, to restore our traditional, world leading prosperity, and the American Dream. This should be the central argument and theme for this fall’s elections.
Last year, the Intercollegiate Studies Institute produced a brilliant, overlooked book that recounted the history of supply-side economics—Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity, by Brian Domitrovic. As explained in that book, the roots of supply-side economics go back to 1913, when the national income tax and the Fed were first adopted. “For restraining the institutions created that year—the income tax and the Federal Reserve—is the essence of supply-side thinking,” Domitrovic writes.
It didn’t take long for trouble to brew. The top tax rate of 7% soared to 77% by 1918. Moreover, the income tax, sold as a tax on the rich, began to apply at just $1,000 in income (equivalent to about $20,000 today). In addition, during World War I, the Fed essentially doubled the money supply relative to the economy. Inflation consequently soared by 84% over the 4 years from 1916 to 1919. The Fed then slammed on the brakes, draining 60% of the excess money, and throwing the economy into steep recession as a result. Unemployment soared to 12%, 50% higher than in any previous recession.
Warren Harding, newly elected President in 1920, appointed the enormously successful Pittsburgh banker Andrew Mellon Secretary of the Treasury, with the duty of fixing the economy. Mellon adopted what became the supply-side economic formula. He slashed the top income tax rate to 25%, and the bottom rate from 8% to 1%, increasing the income level to which it first applied by 50%. Moreover, Mellon led the Fed to stop the money supply drain, return interest rates to standard levels, and devote itself to stable prices. The Fed would look to market price levels, particularly commodities, including gold, for its guide.
The result was the Roaring ‘20s, the greatest boom in American history to that point, essentially beginning the modern American economy. Real output galloped, stock prices tripled, real wages advanced with productivity increases, and prices were stable. “It was in the twenties that Americans bought their first car, their first radio, made their first long distance telephone call, took their first vacation,” as Domitrovic quotes Richard Vedder and Lowell Galloway.
The Depression arose and worsened as America departed from these pro-growth policies. Instead of maintaining stable prices, the Fed allowed the money supply to decline precipitously, even while dollar demand was soaring as the world sought a stable store of value. This created ruinous deflation. Mellon’s tax rate policies were also ruinously reversed, with the top income tax rate raised first to 63%, and then to 79%, with the lower tax rates raised even more in percentage terms. The Smoot-Hawley tariff added another tax burden that killed international trade. President Roosevelt tried to restore prosperity with soaring Keynesian government spending and deficits, which failed miserably as the Depression dragged on for over 10 years. By 1933, unemployment was at 25%, and GDP was down 57% nominally, 22% in real terms.
Read the full article for the complete history of Supply Side Economics.
John Kennedy, Ronald Reagan, GW Bush all applied Supply Side Economics with great success yet the current occupant of the White House is doing the exact opposite and reaping disastrous results. Keynesian Economics practiced by the Democrats, exclusively, have never lead to prosperity and it won’t now.
If the Obama Administration would learn from our history America’s prosperity could be restored. Unfortunately when the Bush tax cuts expire we will face an economic downturn that will rival the Great Depression or worse.
Just remember as I pointed out previously, President Warren Harding faced a worse depression than the Great Depression and recovered the economy in one year using Supply Side Economics. It worked then, it can work now.
From the Heritage Foundation, Ready for the Next Trillion-Dollar Bailout?
CLASS is a new long-term-care insurance program that was inserted into Obamacare so that Congress could raid its $70 billion surplus through 2020 to cover Obamacare’s initial deficits. Like the raided Social Security trust fund, future taxpayers will have to repay that $70 billion with interest when the program falls into deficit later.
Thus, even Sen. Kent Conrad (D., N.D.) admits that Congress has enacted “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.”
Just another reason Obamacare needs to be repealed, CLASS is another entitlement that America can’t afford.
Comment to an article on David Rosenberg’s, YOU KNOW YOU ARE IN A DEPRESSION WHEN ... reader B9K9 NAILS the current economic condition.
Who knew laws would be abrogated, criminals rewarded and riches absconded? Who knew centuries old jurisprudence & Constitutional provisions would be discarded as mere inconveniences which were preventing rewarding cronies & political supporters?
dupes, rubes & dopes (um, that would be most of us), made the fatal mistake of bringing a knife to a gun-fight. Never, ever apply logic & fundamental reasoning skills in an environment where the thugs control all the cards.
I’ve learned my lesson - how many others have learned theirs?
Credentials:
Former president and CEO of Godfather’s Pizza
Former president and CEO of the National Restaurant Association
Former chairman of the Federal Reserve Bank of Kansas City.
Vice president of Burger King
Vice president of Pillsbury Company
A mathematician for the U.S. Department of the Navy, and…
A business analyst for Coca-Cola
He has a bachelor’s degree in mathematics from Morehouse College, and…
A master’s degree in computer science from Purdue University.
And, Pssttt…. Unlike Obama, he believes in the American Dream, American Exceptionalism and The Unites States Constitution.
What is to become of an independent statesman, one who will bow the knee to no idol, who will worship nothing as a divinity but truth, virtue, and his country? I will tell you; he will be regarded more by posterity than those who worship hounds and horses; and although he will not make his own fortune, he will make the fortune of his country.
John Adams
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Orphaned!
The Democrat and Republicans In Name Only, (RINO)s, have lost touch with the American People. They have become the political elite and We the People have become "fly-over country." I am not a Nazi, a terrorist, a member of the KKK, a racist, or a member of an angry mob. I'm not a birther, teabagger, truther or astroturfer. I do, however believe in the original intent of the Founding Fathers, the United States Constituton and the rule of law. I believe that Government should serve the People, not the other way around. I’m an American and conservative to my very core.
I feel like an orphan.
An American Political Orphan.
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