Use access key #2 to skip to page content.

It's ironic

Recs

13

February 20, 2009 – Comments (5)

On CNBC's video feed on Yahoo! Finance, I clicked on "Allen Stanford Found by FBI, Served Papers" and the next in queue was "Obama's Stimulus: Finding the Inner FDR." Wow. We're busting this guy for bilking a few thousand investors out of $8 billion dollars, and we're still idolizing a man who bilked 500,000,000 innocents out of countless trillions of dollars of economic opportunity. The burden and corruption of FDR's massive federal government is with us today, robbing every successive generation of true economic justice (justice before the law and property rights) by attempting to deliver an undefined and elusive economic justice of outcome, regardless of talent or effort.

Nobody wants to use their common sense anymore. If a company borrows more and more, hoping that demographic trends and economic good times are going to pay their debt in future, and those demographic trends and economic good times end and leave them unable to pay their obligations, the company collapses and we don't invest in it. If the federal government borrows more and more, hoping that demographic trends and economic good times are going to pay that debt in the future, and the DT's and EGT's end, they're supposed to borrow more, slash interest rates, inflate the currency and "stimulate the economy" by spending money on boondoggles, special interests, the poor and retirees.

If a stock market crash is followed by government inaction, media outcries for help, stout dedication to that gov't inaction, and a swift recovery, the president is slandered and lampooned as an economic dolt. If a stock market crash is followed by government action to protect domestic business from foreign competition, protect banks from runs, protect debtors from deflation, and provide jobs, resulting in ten years of economic depression, people sleeping under newspapers outdoors because they cannot afford homes or even blankets, families starving, then the president is lauded as a hero and idolized till... when? The end of the world?

If we don't grow out of our FDR fantasy, grow some common sense, and see him for who he was - the economic equivalent of Jim Jones - we will continue to cut off the legs of every chance of economic recovery that is born to us.

5 Comments – Post Your Own

#1) On February 21, 2009 at 12:49 PM, RonChapmanJr (58.45) wrote:

good post, 1 rec for you and 1 unrec for Obama and his team.

ron

Report this comment
#2) On June 25, 2010 at 4:31 AM, shirtly wrote:

Authentic lv handbags are at the forefront of woman handbagtrendy and fashion. New cheap lv bags may take a good help to achieve your dream. cheap lv handbags is a luxury casting its glory.The most popular styles of lv designer handbags still feature quilted leather styles that display the lv logo.Lv handbags on sale With heavy influence from luxury styles and runway fashion, their discount lv handbags trends are always chic and unique.

Report this comment
#3) On June 25, 2010 at 5:05 AM, johnmia (< 20) wrote:

cheap gucci shoes , not only is the sneakers of emphasizing the fashionable outer designs but alsoconsolidating high-tech sporting, is working consquently together with fashion icons word  wide. We offer great products from gucci womens shoes are on hot sale. Our purpose is to offer a low cost alternative to high designer shoes prices. We listen to our customers, adding the latest men's and women's trendy styles.Find gucci sneakers high top online, gucci365.com is your best choice. We can provide Fashion design & High quality gucci designer shoes for you. All products on our site are already marked down 30%-60% off retail price.

Report this comment
#4) On June 25, 2010 at 5:07 AM, johnmia (< 20) wrote:


All the best shoes Nike Shox Shoes Shopping is the best place to shop for Women Shox r4. This is such a great resource that you are providing and you give it away for free, the Cheap Air Yeezy its greatly combined with hip-pop with sex appeal. Pick up any style of for your make look better.

Report this comment
#5) On June 26, 2010 at 3:46 AM, dg365 (< 20) wrote:

Other collections from this Authentic Dolce Gabbana  including the dolce gabbana men shoes
. D&G shoes fur coat for men is another choice you may want to consider. Or, choose a  dolce & gabbana women shoes leather coat instead of you are looking for more of the bad boy look. Of course, what the D&G shoes male models wear is something you will want to consider, too. As you can see, the D&G shoes Men line is one that encompasses many great types of clothing. From the dolce & gabbana collection shoes logo t shirt for men to the D&G shoes men’s underwear you will wear, you will know that you are getting the highest quality always from this designer. Male D&G shoes models showcase this look all of the time.

Report this comment

Featured Broker Partners


Advertisement