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Connecting Dots between NYC, Goldman Sachs, and us
Original post made
by Somewhat Dispassionate, Greater Miranda,
on Apr 21, 2010
A thread was shut down, ( not deleted, just shut down), a few days ago about "The Sky is Falling" related to the upcoming attempt to take over yet more private markets by this Admin ( through the cover of "financial reform", like the private health industry was just hijacked under cover of "health care reform".)
I wrote that post..perhaps I was a bit too angry and sarcastic when I wrote it, since it seemed to kick off some real nasty push back.
Hence the shut down. I appreciated it being left up, and just locked down to prevent more bile.
Thus, I offer this very reasoned and carefully devoid of emotion post, linking to 2 well known columnists who do a much better job of painting the big picture for us busy folks to see.
Whatever you may think of what is happening in our country, I recommend you read these two links. They relate to the same ideas. Very important that intelligent people wake up and connect the dots ..and vote wisely in the future for the good of the generations to follow us.
Michael Goodwin's NY Post Political Commentary Web Link
is great today. It is called "Welcome to the City you want to Ruin, Obama" and is related to Pres. Obama's scheduled NYC visit. A great read about what the "unintended" ( presumably...) consequences are of every decision made so far by this President on NYC. Perhaps he will go down in history as the SECOND 9/11, as far as I can tell, on NYC, and on us. ( Ok..maybe that was a little bit too much emotion).
Michelle Malkin's Political Commentary Web Link
re" All the President's Goldman Sachs men" is also great at connecting the dots about what is happening with what some of us would call an abuse of the power of White House/Congress while some of us work and don't pay attention.
I recommend both links, taking the 5-10 minutes to read both that it will take.
Thanks for reading this far.
Posted by Somewhat Dispassionate
a resident of Greater Miranda
on Apr 22, 2010 at 5:39 am
Every time I see someone assert that FDR ended the depression, I have to repeat...no, his policies prolonged the Depression. This has been proven, cited, and argued many times in other threads. The difference is that he recognized the folly of the, then new, presumption that a govt could "spend its way out of a depression", from the then new and upcoming economist Keynes.
The difference between then and now is that then was "new", and now is "old", and we should know better. In his second term FDR and Keynes re-thought their policies, having seen the massive increase in debt and unemployment from the first term, and changed policies. They cut taxes, they cut regulations, they cut control over private sector, they stopped growing govt..and we started turning the tide.
Please note, 1920 had a similar crisis to 1929..but in 1920 the response of Feds was to back off totally and let the market resolve itself.
This led to the wild growth known as the "Roaring 20s".
I prefer the wild growth of the 20s to the "saved by govt" of the 30s, or the current 2010s, thank you.
Unfortunately, the politicians, from Bush to Obama to McCain, of 2008 responded to the election year ignorant populist cry for "save us, banks too big to fail, car companies too big to fail, the sky is falling and you must save us with other people's money" and all the kings' men and women fell into place and tried to buy votes. Of course, a lot of us had a clue then who was bribing the Congress an now White House to vote them money. Now it is becoming even more well known.
Always follow the money. Who is voting whose money into whose pocket? Who donated to which politician/party the most? Think about it.
We believed this Admin when he said he would watch the numbers and do what works..apparently that was yet another big deception. Thus far, I see nothing working for anything but Wall Street ( I note that the DOW is pushing 12,000..normally good news, but why isn't unemployment dropping? Why isn't the credit market loosening to let us start moving forward? What is holding us back from an actual recovery, where houses can be bought and sold and goods moved across the lands and seas? That is what an economy is, not increasing govt jobs for social welfare)
We need to go back to "govt is the problem, not the solution", and get govt off the backs of the unleashed power of millions of intelligent, hard working, creative, risk taking people to bring us back out of this economy.
If govt were the solution, countries with the most govt planning, the most "stealing from Peter to pay Paul" thinking, would be world powers right now, and would have the richest populations. If that were the case, I would be a HUGE govt backer. I like results. In my lifetime, I haven't seen much result from Russia, China, Greece, Cuba, Venezuela, North Korea, Vietnam, or even France ( sorry to keep bringing up France, I just happen to know it very, very well over the last 30 years and watched it self-destruct after it reached the tipping point of more takers than producers, more "gimme my rights" than "let's get to work" thinking. It is the most indebted, most likely to fail nation of all the original EU nations.
If govt were the solutions, here at home States with the most govt, the most taxes, the most regulations, would be doing better than the ones that were more "laissez-faire". I haven't noticed the 2 heaviest taxed/regulated States of NY or California being in the black anytime in the last 10 years, have you?
You are free to believe what you wish, and spout what you wish, but I think that most folks are figuring out that your nearly-religious political beliefs simply don't bear the fruit they promise.
I prefer a tree that bears fruit, over one that promises to but never does.