Citizen X

Fiscal Stimulus: Congress Sinks Its Teeth In

Milton Friedman won a Nobel for showing that consumers don't spend on signals of a short-term rise in cash flow, but instead only spend on expectations of a long-term rise in income.

This was proven once again this summer with the consumer stimulus checks. Some estimates put the amount of people who saved their stimulus checks at 75%.

How can the Keynesians continue to insist that temporary measures will create lasting prosperity?

It's becoming a joke.

Are We About to 'Starve' the Unemployed?

How is it that otherwise intelligent people can liberate one party or the other from involvement in the government as if the 'innocent' were blindfolded and tied up behind a tree pleading to be set free and 'fix' the problems brought on by too much government intervention?

Both parties created this mess by allowing Greenspan, and then Bernanke, free reign to run slipshod all over the economy in order to promise their constituents exponential quality of life upgrades at the expense of future Americans.

There has been much warning, beginning in 2002, about the interest rates and GSEs bringing too much attention to the housing sector. To frame this as a partisan, "free market" problem is not doing reality any favors.

I'm an independent and think that Bush policy was misguided and maybe even a little evil. But the Democrats did nothing but sit back and push lending to people that should not have been borrowing.

I welcome your perusal of this excellent article about the fact that both parties are now ensconced in a game of protecting their seats and accommodating their real constituents. Powerful banking and corporate interests:

www.downsizedc.org/blo...

Representative Ron Paul (R) on the housing bubble in 2002:

www.house.gov/paul/con...

Seven Companies Profiting From Obama's 'New' New Deal

Diverting fiat money from the market to government contractors is a recipe for disaster. It was a disaster -- especially for the poor and middle class -- in FDR's day and it will be a disaster today.