Scrooge

The Economics of Political Spin

Gramps2 - Hi buddy.
Fitz: Why, in this horrible Republican-created mess of an economy, why would you suggest installing a person who wants to increase mightily the transfer of wealth from private sector(s) to government? Government produces nothing. Increasing taxes is a disincentive to creative work and the deployment of capital (otherwise called the economy, I think). Government (Dem & Rep) wastes our hard-earned cash on give-away entitlement programs that may be touchy-feely vote-getters, but are almost totally without oversight = big fraud-waste-abuse. Electing Obama would be gasoline on the fire! (I had to drag petroleum into this somehow.) I watch my dollars like a hawk. When was the last time anyone was able to carefully check out how Medicare or Medicaid is spending their 100's of millions? Those jokers pay for $1,000 flu shots, and pay bills for people who have been dead for a decade. Universal health care!! "If you think medical care is expensive now, wait until it is free." PJ O'Rourke
If I may paraphrase, If you think the economy sucks now, wait until Obama et al. 'fix' it. A major recession WOULD cut petroleum use, however, so that would be good in your book, right? By the way, an indicator of recession is shrinking oil consumption. Not seeing big evidence of that, are we?

The Economics of Political Spin

Fitz, if recession is here, why the GDP numbers? For financial market meltdown after housing debt crisis, and whom to blame, check out head of Fannie Mae, installed by the Twiddler In Chief, who jacked the system instead of doing his job: until caught at it in 2004.

www.businessweek.com/m...

Trying to pin all your woes on W doesn't wash. Is it against your religion to win a war against homicidal thugs? Or even fight at all? It's the Middle East. They have oil there. al Qaeda wants it, to continue its avowed campaign of world domination, which would mean the end of you, me, all we hold dear, and all the progress since the Renaissance. Since 'compromise' with them means I must stop practicing my religion or die, I say whack 'em. Who ya gonna call?

The Economics of Political Spin

Fitz: You are entitled to your own opinion, but not to your own set of facts. GDP YR 2000 $9.8 Trillion; GDP 1ST QUARTER 2008 (chained 2000 dollars) $14.2 Trillion dollars. Bush 43 passed Medicare Rx Drug benefit - a catastrophic increase of indebtedness you say - Dems wanted a benefit twice as big, and all the credit for the giveaway as a vote-catching engine in perpetuity. Think of it as Republican damage control. Do you have to don body armor to visit the Mall, to guard against IED's? This safety brought to you courtesy Ashcroft, Cheney, Bush, in the face of terrific opposition from Pelosi, Reid, and Socialist wing of Dem party (the 99% that give the rest a bad name.) Just exactly what is it you are wishing for, a reversal of all these things? Go back to {insert name here} twiddling his - um - thumbs in the Oval office, while al Qaeda militarizes to international strength? Pish tush, as the longest expansion in market history finally slows, you lash out because no-brainer selections don't work any more: not even yours.