Time for Thorns

If you want a head start on matters economic in the face of the Democrats’ furious push to have the government control everything,  you can do no better than to read this post by Veronique de Rugy — and be sure to click on the links too.

And since the Obama Administration has been caught lying through its pearly whites about jobs created/saved,  read her additional post on the non-stimulating stimulus and how poorly it was done.

With regard to unemployment,  she links to an interesting New York Times piece which you should check out.   The post also has  another link showing what the actual unemployment rate is  — it’s 17.5%.    There is also a  valid argument that the true rate is over 20%.

For those of you who think that earlier time of financial chaos was caused by the stock market crash,  read Walter Williams’  concise summary of the real facts.

As a side benefit,  you will then understand more about the financial system than either His Oneness,  or any of his economic wizards,  or congressional Democrats.

I’m not so sure that Obama is as clueless about the free market as Ben Shapiro claims,  but the president certainly doesn’t like its principles and seems determined to avoid them.

Yes, Keith worked for the evil BushitlerCheneywarmongers,  and yes, economic blogs are everywhere,  but Keith actually has a degree in math,  so numbers mean something to him on a practical level.    That gives him a different perspective from many who pontificate on matters economic,  and he writes in a clear, direct style which makes economics accessible to the average person.

He also has a degree in political science,  so he understands what underlies fiscal policies.    Check him out here.  I think you’ll like what you see.

Obama has announced that we  “can’t afford ‘Bubble-and-Bust’ cycles, but don’t worry — with his economic plans, we’ll be in a  “bust” status for decades.

US households suffered a record 9% drop in wealth in the 4th quarter of 2008.   The Blackstone Group’s CEO says 45% of the world’s wealth has been destroyed.

But wait -  now His Oneness claims the economic crisis isn’t as bad as we think!   And adviser Larry Summers is telling us we suffer from an “excess of fear”, which his boss worked so diligently to create.

Let’s see, His Oneness spent 2 YEARS telling us how awful it was, and the day after his election — I mean ascendancy — he began telling us it was a CRISIS, a DISASTER, and ONLY THE GOVERNMENT could save us.

And only fools believe that His Oneness has the slightest intention of actually saving us.  The only thing which matters to him is that he change America into a country he and his First Lady can finally be proud of.

One man who isn’t fooled is South Carolina Gov. Mark Sanford, who delivers a blast at His Oneness referencing Zimbabwe.

I’d be worried about the Sharpton/Jackson race-baiters, except I doubt they read much financial news.  Oh, wait — I forgot about pinch-hitter Rep. James Clyburn.

If you thought you caught the odor of campaign coming from Obama’s economic proposal, you’re right:

http://www.bloomberg.com/apps/news?pid=20601070&sid=aHNaiptix3lk&refer=home#

His Oneness is extremely anxious for Congress to approve his proposal, despite the fact there are no details, so it becomes law before anybody can figure  it out, especially the 20+ Republicans he hopes to ensnare so he can share the blame for the consequences.

As specifics begin to dribble out, remember that he wants to take ONE TRILLION DOLLARS out of the private economy so he can fund water slides, mob museums, and 600,ooo new federal bureaucrats.

I was dodging rain and happened to watch most of Obama’s presser on his economic plans.  The cut-off line for the middle class  is now   “approximately $150,000″.

He is still using the one-president-at-a-time dodge on the Middle East instead of simply saying he supports the Bush Administration’s position.  If I were an Israeli, I’d be damned nervous.

And the Obama speaking style so much admired when backed by  a teleprompter was again not in evidence, especially when he took a couple of questions.

His Oneness preaches economic gloom and doom so we will swallow the socialism pill, while insulating himself from the consequences of his mistakes a bit longer.   Does he imagine we will never tire of his endless pessimism?

Investor’s Business Daily has a cracking good piece on the fallacies of the economic plan of His Oneness, pointing out that it “…seems less like stimulus and more like redistribution.”

http://www.ibdeditorials.com/IBDArticles.aspx?id=315446433444292

It won’t make you happy, but you’ll better understand why all his rhetoric is just so much hot air.