Bad Dog

U.S. Quantitative Easing Has Just Begun

Oh and you are full of crap. Forgot to add that one. "Full of marxists" indeed! If only they were!! At least they'd be on the right side of the barricades!! Nitwit!!


On Sep 23 01:36 PM Socialism cannot compete! wrote:

> If Bernanke and Obama were truly concerned about preserving jobs,
> they would have allowed bad banks to fail, and supported businesses
> and consumers with real, substantial tax cuts...along with accompanying
> large cuts to government. China's economy didn't rocket out of recession...they
> were NOT IN one. They went from double digit growth down to mid-to-upper
> single digits for a while. That's not recession...merely slower
> growth.
>
> But the Obama administration has gone the opposite way -- endorsing
> continued fiscal insanity, continuing the errant Bush policy of propping
> up the failed banks...and that can only cause more job losses and
> further strain on the taxpayer.
>
> It's not that the White House completely ignores job losses. It's
> just that the White House is full of Marxists who see the opportunity
> to "never let a crisis go to waste." At present, that means expansion
> of government and an opportunity to impose conditions and control
> over businesses that further restrain capitalism. I can imagine
> the Europeans, as they are very familiar with 10% unemployment on
> an ongoing basis, wondering what the heck America is doing. America's
> focus on personal responsibility is waning, and we are becoming like
> the socialist European nations whose national defense and general
> economies our prosperity has subsidized for decades. Extending our
> already generous unemployment compensation *entitlement* will only
> further strain the nation's finances and lead to reduced personal
> incentive. Will Europe subsidize our national defense and general
> economy, as we have done for them, now that we've fallen out of the
> role? They can't afford to. The stimulus plan will either expire
> and the propped-up U.S. will fall sharply...or it will be expanded
> until hyperinflation forces a complete reset -- what should have
> been allowed to happen to begin with.