The Obamanistas are all LIARS, you’re making a mistake if you believe
the first number is the only lie.

They lie about the adjustment too….

*EVERYTHING FROM AND CONNECTED TO OBAMA IS A LIE*

Saturday, April 23, 2011

In honor of Monday’s national Tax Day, I wrote the following letter to
Mr. Barack Hussein Obama. Please feel free to pass this around if you
like it…

Dear Mr. President,

Welcome to the ashbin of society.

With the speech you gave last week, you have firmly and permanently put
yourself in the same garbage bag as all the other communists and
socialists of the 20th century.

Your speech sounded like the faint echo of a speech Lenin gave in an icy
square in Moscow 100 years ago.

The promises you made, Mr. President, about the government giving people
things they can’t provide for themselves – a better income, reliable
health care, an advanced education, cheaper mortgages, a “shiny, happy”
life – have been made time and time again… sometimes by speakers even
better than you.

And they have always been lies.

While the government can demand obedience (and taxes), it can’t mandate
dedication, creativity, or innovation. The fact is, the government
itself is nothing more (or less) than the organized ambitions of the people.

Promising something to the people that they don’t already have is a
logical absurdity. And therein lies the timeless flaw of all
collectivist theory: Governments cannot deliver benefits to the people
that the people cannot deliver to themselves.

To demonstrate this truth, consider this example… Governments cannot
simply mandate higher tax revenue. Any substantial increase to tax rates
will reduce total collections, an economic phenomenon known as the
“Laffer Curve.”

This has been proven countless times in our country and many others. Any
sensible person will immediately understand why. Taxes are a
disincentive. The higher the marginal rate of tax, the more powerful its
impact.

That’s why, over many decades (and many different tax structures), U.S.
tax revenues have been remarkably stable at around 20% of GDP. That’s
why, as you surely know, Mr. President, changing the tax code will not
result in increased tax revenue.

Taxing only the rich simply doesn’t work. It never has. And it never
will. To increase the government’s revenues, we must first increase the
size of the economy. The government cannot tax what the economy doesn’t
produce.

In another time, most Americans might have simply ignored your speech as
the ignorant remarks of yet another handsome, Ivy League-educated,
dilettante president. But at this point in our history, my bet is people
are going to take you far more seriously than you expect. In fact, I
think you’re going to get what you deserve – the trash heap. Why will
Americans turn on you so rapidly and so completely?

Two things have changed – forever – about American politics.

The first is the media and access to critical information. It’s no
longer possible for a president’s administration to control what people
read, see, and think by simply managing the evening news broadcasts.

Thus, all your lies are now exposed almost instantly and broadcast to
millions of people via websites and services like the Drudge Report,
Twitter, and Facebook. Socialism cannot possibly survive over any long
period of time in a society with a free media – because socialism is
based on a lie. Facebook means the “half-life” of socialism is now weeks
instead of years.

Even mainstream publications like the Wall Street Journal have called
you a liar recently. They have no choice. Your lies were broadcast to
the entire world long before their op-ed pieces appeared.

Your advisors told you none of these “bloggers” mattered. All you had to
do was promise more benefits to more voters and then force fewer voters
to pay for it all. I’m sure you did the political calculus… You believed
your power to bribe and bamboozle the poor and the ignorant was stronger
than the resentment you’d engender among the “rich.” And I must admit…
since at least World War II, that’s been a safe bet in American politics.

But you forgot one critical factor: We simply can’t afford this nonsense
anymore…

Immediately after your speech, the price of silver went from $39 to a
new high above $42. Gold went up, too.

These are signs, Mr. President, that the world is losing confidence in
our currency. If our foreign creditors were to call in our debts,
America would suffer an economic cataclysm unlike anything we’ve ever
seen in our entire history.

Americans now owe a total of $56 trillion. Without the Fed’s
money-printing, it’s unlikely we could afford even the interest on these
existing debts… much less the $1.5 trillion or more in debt you continue
to rack up year after year by promising benefits we haven’t earned.

Sooner or later, our foreign creditors are going to decide our
money-printing amounts to a default, and they will stop buying our
bonds. On that day, everyone who trusts you, everyone who believes in
your lies, will be wiped out.

But that won’t be as many people as you expect.

Almost every American knows in his heart what made this country great
for the 200 years between 1776 and 1976. It wasn’t the lies of our
presidents. It wasn’t our ability to print money and rip off our Chinese
creditors. It wasn’t the modern crybaby mentality of our school system
or our unions. It wasn’t the baby boomer’s dream of a 40-year retirement
with free prescription drugs.

And it sure as hell wasn’t a suave, made-for-TV version of Karl Marx
promising everything to everyone, but with no way to pay for it.

No. What built America was her people’s unwavering faith that they were
free to enjoy the rewards of their accomplishments.

As our country tumbles into bankruptcy and crisis, the people are going
to want their prosperity back, Mr. President. And deep down, they all
know… even your most fervent supporters know… you don’t have the goods.
You don’t have the foggiest idea of how to deliver prosperity to America
because, really, you don’t understand what America is all about.

Regards,

Porter Stansberry
Stansberry’s Investment Advisory

With today’s essay, I am announcing my complete support for “the rich”
– the class of people Mr. Obama and his ilk castigate at every
opportunity. Ironically, it is these same people Obama expects to line
up like sheep waiting to be sheared. My best advice? Don’t get in that line.

Despite what Mr. Obama and his vast team of lawyer buddies, career
academics, and professional bureaucrats believe, most “rich” people in
America got that way by working hard for a long time. They got that way
by taking risks, educating themselves, starting small businesses, and
selling valuable services or products to their fellow citizens. They
didn’t inherit their wealth. They didn’t rip anyone off. They didn’t buy
political favors from people like Barack Obama.

They got that way by working hard to achieve the original American
Dream… not Obama’s new “progressive” American Dream, where everyone can
live at the expense of his neighbor. That’s why Obama’s grandstanding
must be viewed in a new way. We need to realize when Obama vilifies the
“rich,” he is vilifying the “achievers.”

And keep in mind… these achievers are already paying their share. The
top 5% of income earners in America pay nearly 60% of this country’s
income taxes.

America needs the achievers. We need investment. We need capital. We
need jobs and innovation and vast increases to productivity. The
government can supply none of these things. So to do my part, I plan to
support the achievers.

Like it or not, as deep in debt as we are, the achievers are our only
hope. That’s why I’m standing up for them. We need the achievers – and
we need more of them to want to come to America with their corporations
and their wealth. You might admire the generosity and egalitarianism of
idealized socialism in some pseudo-intellectual way… But we can’t afford
that nonsense right now. We don’t have enough wealth on a net basis left
to plunder.

We need more of the people Obama and his gang of petty tyrants label
“rich,” “greedy,” and “mean spirited.” These are the people who can get
our country moving in the right direction, right away. Folks who have
spent their lives in the real world recognize the people Obama calls
“rich,” “greedy,” and “mean spirited” as “successful,” “accomplished,”
and “hard working.”

Now… before you send me an angry letter, ask yourself this question: If
America had the lowest corporate tax rate in the world (instead of the
highest), do you think we’d have more companies located here, or fewer?

If we got rid of the estate tax, which makes it impossible for
successful entrepreneurs to leave their companies to their children, do
you think we’d have more family businesses, or fewer? And if we taxed
all people at the same (hopefully low) rate, do you think more wealthy
people from around the world would want to live here, or fewer?

What can I do for the achievers? For one, I can stand up for them and
try to convince you, my dear readers, that we need them – and we need
more and more of them. As such, we shouldn’t treat them so badly or try
to steal from them so blatantly. More directly, of course, I can also
support them by telling them exactly what they can still do to get out
of that shearing line…

In the coming days, weeks, and months, you will see more and more
evidence of my support for the “rich.” I plan to offer you more and more
information about how to get your assets outside the reach of Mr. Obama
and his ilk, including more ideas like buying foreign real estate (which
is, in my view, the best way to get your assets out of the U.S. without
having to report a thing to the U.S. government).

You’ll find this information and other ways to protect yourself from
the currency crisis in my newsletter, Stansberry’s Investment Advisory.
Click here to gain access immediately.

Regards,

Porter Stansberry
]“”"]

you mean the same way you deny that tax cuts create more revenue into
the treasury. The way you deny that tax cuts or at least stable taxes
help create jobs…. and the way that you deny that taking more of the
GDP from the private sector that creates it and giving it to the
government sector that wastes it will continue to damage and shrink the
private sector economy and that’s the only thing paying for all your
government nonsense and waste?

You mean the way that you deny and don’t read the facts?

Pre war manufacturing when we sold supplies to the British and the
Russians and American industries were paid in GOLD.

> 1940: 8.8 percent
>
> 1941: 17.1 percent

War started in earnest for America 1941.
>
> 1942: 18.5 percent
>
> 1943: 16.4 percent
>
> 1944: 8.1 percent

End of war supplies sales.

We started reconstruction in Europe and Japan, The Marshall Plan was a
boom as we made money from the rebuilding.

The Baby Boom started at the end of WWII 1945 – 1965….

> By 1944, the U.S. economy was twice as large as it was in 1930 and
> almost three times the size it was in 1933. The decade between 1934
> and 1944 marked a truly remarkable period of growth. Of course, a big
> chunk of the above-trend growth can be ascribed to World War II, which
> supercharged America’s productive capacity. But the U.S. didn’t enter
> the war until the end of 1941, and the gains before Pearl Harbor were
> quite impressive.

Yes and there were war materials being sold to Europe and Russia pre
1941. Those Gains were fueled by GOLD from Europe and Russia preparing
for war with Germany.

Our own government confiscating profits from one Business and spending
it on war does little to create wealth.

It was Government cutting costs that the “PEACE DIVIDEND” that created
the boom…. smaller government is better. The GDP is just so large
and the more government takes of the GDP pie then the less there is for
the private sector to use to grow the economy.

Saturday, April 23, 2011

In honor of Monday’s national Tax Day, I wrote the following letter to
Mr. Barack Hussein Obama. Please feel free to pass this around if you
like it…

Dear Mr. President,

Welcome to the ashbin of society.

With the speech you gave last week, you have firmly and permanently put
yourself in the same garbage bag as all the other communists and
socialists of the 20th century.

Your speech sounded like the faint echo of a speech Lenin gave in an icy
square in Moscow 100 years ago.

The promises you made, Mr. President, about the government giving people
things they can’t provide for themselves – a better income, reliable
health care, an advanced education, cheaper mortgages, a “shiny, happy”
life – have been made time and time again… sometimes by speakers even
better than you.

And they have always been lies.

While the government can demand obedience (and taxes), it can’t mandate
dedication, creativity, or innovation. The fact is, the government
itself is nothing more (or less) than the organized ambitions of the people.

Promising something to the people that they don’t already have is a
logical absurdity. And therein lies the timeless flaw of all
collectivist theory: Governments cannot deliver benefits to the people
that the people cannot deliver to themselves.

To demonstrate this truth, consider this example… Governments cannot
simply mandate higher tax revenue. Any substantial increase to tax rates
will reduce total collections, an economic phenomenon known as the
“Laffer Curve.”

This has been proven countless times in our country and many others. Any
sensible person will immediately understand why. Taxes are a
disincentive. The higher the marginal rate of tax, the more powerful its
impact.

That’s why, over many decades (and many different tax structures), U.S.
tax revenues have been remarkably stable at around 20% of GDP. That’s
why, as you surely know, Mr. President, changing the tax code will not
result in increased tax revenue.

Taxing only the rich simply doesn’t work. It never has. And it never
will. To increase the government’s revenues, we must first increase the
size of the economy. The government cannot tax what the economy doesn’t
produce.

In another time, most Americans might have simply ignored your speech as
the ignorant remarks of yet another handsome, Ivy League-educated,
dilettante president. But at this point in our history, my bet is people
are going to take you far more seriously than you expect. In fact, I
think you’re going to get what you deserve – the trash heap. Why will
Americans turn on you so rapidly and so completely?

Two things have changed – forever – about American politics.

The first is the media and access to critical information. It’s no
longer possible for a president’s administration to control what people
read, see, and think by simply managing the evening news broadcasts.

Thus, all your lies are now exposed almost instantly and broadcast to
millions of people via websites and services like the Drudge Report,
Twitter, and Facebook. Socialism cannot possibly survive over any long
period of time in a society with a free media – because socialism is
based on a lie. Facebook means the “half-life” of socialism is now weeks
instead of years.

Even mainstream publications like the Wall Street Journal have called
you a liar recently. They have no choice. Your lies were broadcast to
the entire world long before their op-ed pieces appeared.

Your advisors told you none of these “bloggers” mattered. All you had to
do was promise more benefits to more voters and then force fewer voters
to pay for it all. I’m sure you did the political calculus… You believed
your power to bribe and bamboozle the poor and the ignorant was stronger
than the resentment you’d engender among the “rich.” And I must admit…
since at least World War II, that’s been a safe bet in American politics.

But you forgot one critical factor: We simply can’t afford this nonsense
anymore…

Immediately after your speech, the price of silver went from $39 to a
new high above $42. Gold went up, too.

These are signs, Mr. President, that the world is losing confidence in
our currency. If our foreign creditors were to call in our debts,
America would suffer an economic cataclysm unlike anything we’ve ever
seen in our entire history.

Americans now owe a total of $56 trillion. Without the Fed’s
money-printing, it’s unlikely we could afford even the interest on these
existing debts… much less the $1.5 trillion or more in debt you continue
to rack up year after year by promising benefits we haven’t earned.

Sooner or later, our foreign creditors are going to decide our
money-printing amounts to a default, and they will stop buying our
bonds. On that day, everyone who trusts you, everyone who believes in
your lies, will be wiped out.

But that won’t be as many people as you expect.

Almost every American knows in his heart what made this country great
for the 200 years between 1776 and 1976. It wasn’t the lies of our
presidents. It wasn’t our ability to print money and rip off our Chinese
creditors. It wasn’t the modern crybaby mentality of our school system
or our unions. It wasn’t the baby boomer’s dream of a 40-year retirement
with free prescription drugs.

And it sure as hell wasn’t a suave, made-for-TV version of Karl Marx
promising everything to everyone, but with no way to pay for it.

No. What built America was her people’s unwavering faith that they were
free to enjoy the rewards of their accomplishments.

As our country tumbles into bankruptcy and crisis, the people are going
to want their prosperity back, Mr. President. And deep down, they all
know… even your most fervent supporters know… you don’t have the goods.
You don’t have the foggiest idea of how to deliver prosperity to America
because, really, you don’t understand what America is all about.

Regards,

Porter Stansberry
Stansberry’s Investment Advisory

With today’s essay, I am announcing my complete support for “the rich”
– the class of people Mr. Obama and his ilk castigate at every
opportunity. Ironically, it is these same people Obama expects to line
up like sheep waiting to be sheared. My best advice? Don’t get in that line.

Despite what Mr. Obama and his vast team of lawyer buddies, career
academics, and professional bureaucrats believe, most “rich” people in
America got that way by working hard for a long time. They got that way
by taking risks, educating themselves, starting small businesses, and
selling valuable services or products to their fellow citizens. They
didn’t inherit their wealth. They didn’t rip anyone off. They didn’t buy
political favors from people like Barack Obama.

They got that way by working hard to achieve the original American
Dream… not Obama’s new “progressive” American Dream, where everyone can
live at the expense of his neighbor. That’s why Obama’s grandstanding
must be viewed in a new way. We need to realize when Obama vilifies the
“rich,” he is vilifying the “achievers.”

And keep in mind… these achievers are already paying their share. The
top 5% of income earners in America pay nearly 60% of this country’s
income taxes.

America needs the achievers. We need investment. We need capital. We
need jobs and innovation and vast increases to productivity. The
government can supply none of these things. So to do my part, I plan to
support the achievers.

Like it or not, as deep in debt as we are, the achievers are our only
hope. That’s why I’m standing up for them. We need the achievers – and
we need more of them to want to come to America with their corporations
and their wealth. You might admire the generosity and egalitarianism of
idealized socialism in some pseudo-intellectual way… But we can’t afford
that nonsense right now. We don’t have enough wealth on a net basis left
to plunder.

We need more of the people Obama and his gang of petty tyrants label
“rich,” “greedy,” and “mean spirited.” These are the people who can get
our country moving in the right direction, right away. Folks who have
spent their lives in the real world recognize the people Obama calls
“rich,” “greedy,” and “mean spirited” as “successful,” “accomplished,”
and “hard working.”

Now… before you send me an angry letter, ask yourself this question: If
America had the lowest corporate tax rate in the world (instead of the
highest), do you think we’d have more companies located here, or fewer?

If we got rid of the estate tax, which makes it impossible for
successful entrepreneurs to leave their companies to their children, do
you think we’d have more family businesses, or fewer? And if we taxed
all people at the same (hopefully low) rate, do you think more wealthy
people from around the world would want to live here, or fewer?

What can I do for the achievers? For one, I can stand up for them and
try to convince you, my dear readers, that we need them – and we need
more and more of them. As such, we shouldn’t treat them so badly or try
to steal from them so blatantly. More directly, of course, I can also
support them by telling them exactly what they can still do to get out
of that shearing line…

In the coming days, weeks, and months, you will see more and more
evidence of my support for the “rich.” I plan to offer you more and more
information about how to get your assets outside the reach of Mr. Obama
and his ilk, including more ideas like buying foreign real estate (which
is, in my view, the best way to get your assets out of the U.S. without
having to report a thing to the U.S. government).

You’ll find this information and other ways to protect yourself from
the currency crisis in my newsletter, Stansberry’s Investment Advisory.
Click here to gain access immediately.

Regards,

Porter Stansberry

Except that new taxes and more printing of money and more borrowing will
crush more private sector investment.

Redistribution takes the money from the private sector that earned it
and the government redistributes it to people that will do nothing to
earn it, they won’t invest it or hire a soul, they won’t spend it on
making next quarters GDP grow either.

The downward spiral into the abyss continues under the Socialist plans
to redistribute the wealth to those that don’t know how to use or create
wealth.

Ever wonder why MOM AND POP Mini-Marts and grocery stores go out of
business in poor neighborhoods? They can’t withstand all the theft of
their stock and when they lose too much stock to theft they have no
money in the cash register to replace what was stolen and the quantity
of stock on the shelves spirals downward until they have nothing left to
sell.

Like the Socialists stealing from the GDP will continue to empty the
shelves of jobs and investment that would normally grow the economy….

The Socialists just use regulation and taxes and mandates, rather than
hiding the beer under their coat. But theft is still theft.

It has all been getting worse, slowly but surely, and the high spots
have all been lies. The stock market is a lie and is being propped up by
Obama, he buys stock with printed money from the Federal Reserve, and
borrowed money from China….. That’s the kind of thing that created
the 1929 crash in the stock market.

Banks are still failing and we still have 5 – 10 years of foreclosures
to sell at the rate they are selling…..

GDP can’t grow if Obama is taking more of it and regulating our GDP away
from the people that earned it. It will shrink as the amount we have to
reinvest in our private businesses is reduced.

Government and government intrusion into the private markets like the
stock markets and the mortgage markets is the only thing growing.

The more government we have the worse things will get…. until enough
people get it, we won’t be doing any better. Sure the Government and
the Liberal-Socialists will lie and cook the books to try to make it
look like things are better or NOT so bad, but that is a short term
false repair that will come back and bite us even harder.

While taxes were lower, the revenue doesn’t drop below 14.4% so the
idea that raising INCOME taxes on individuals will increase the revenue
to the Treasury is a false promise.

The most important thing is to get income into the Treasury to cover the
money spent, and to cut the money spent to equal the money taken in by
the Treasury. At this moment in time we need to increase income to the
Treasury and cut spending at the same time.

The way to do that is to cut government spending and regulations and cut
or continue lower taxes to get the GDP to grow. The Growing GDP will
increase revenue to the Treasury.

It’s like the old idea that you’ll sell more apples for 25 cents and
make more money than if you try to get $10,000.00 for one apple.

When taxes get high enough people stop working, it’s better to get 25%
of their work rather than 91% of them sitting on their a&*$?%s doing nothing.

I know because I cut my work to ZERO and that makes Obama’s Federal
income tax from me to be zero. I did it on purpose and I will continue
to earn ZERO until Obama is gone. GE made billions and used lawyers and
lobbyists to allow GE to pay ZERO…..

When Taxes are at high numbers it becomes worth while to buy lawyers and
lobbyists and accountants to get away from the high tax and if that
doesn’t work then it pays to just stop earning money.

you take the short view….. redistribution is going to destroy
wealth creation and the “real GDP” won’t grow and our National wealth
won’t grow. If you notice, in a health capitalist economy, the rich get
richer and the poor all have toilet paper and big FLAT SCREEN TV’s which
is more than they have in CUBA.

That will mean the poor will get a short term bump in their personal
wealth while the Nation takes along term loss of wealth.

Socialists redistribution is a short term feel good ploy to buy short
term support to win elections and power. Even the Socialists know that
they will in the long term redistribute and concentrate all the money
into the hands of the politically ELITE SOCIALISTS.

While taxes were lower, the revenue doesn’t drop below 14.4% so the
idea that raising INCOME taxes on individuals will increase the revenue
to the Treasury is a false promise.

The most important thing is to get income into the Treasury to cover the
money spent, and to cut the money spent to equal the money taken in by
the Treasury. At this moment in time we need to increase income to the
Treasury and cut spending at the same time.

The way to do that is to cut government spending and regulations and cut
or continue lower taxes to get the GDP to grow. The Growing GDP will
increase revenue to the Treasury.

It’s like the old idea that you’ll sell more apples for 25 cents and
make more money than if you try to get $10,000.00 for one apple.

When taxes get high enough people stop working, it’s better to get 25%
of their work rather than 91% of them sitting on their a&*$?%s doing nothing.

I know because I cut my work to ZERO and that makes Obama’s Federal
income tax from me to be zero. I did it on purpose and I will continue
to earn ZERO until Obama is gone. GE made billions and used lawyers and
lobbyists to allow GE to pay ZERO…..

When Taxes are at high numbers it becomes worth while to buy lawyers and
lobbyists and accountants to get away from the high tax and if that
doesn’t work then it pays to just stop earning money.

While taxes were lower, the revenue doesn’t drop below 14.4% so the
idea that raising INCOME taxes on individuals will increase the revenue
to the Treasury is a false promise.

The most important thing is to get income into the Treasury to cover the
money spent, and to cut the money spent to equal the money taken in by
the Treasury. At this moment in time we need to increase income to the
Treasury and cut spending at the same time.

The way to do that is to cut government spending and regulations and cut
or continue lower taxes to get the GDP to grow. The Growing GDP will
increase revenue to the Treasury.

It’s like the old idea that you’ll sell more apples for 25 cents and
make more money than if you try to get $10,000.00 for one apple.

When taxes get high enough people stop working, it’s better to get 25%
of their work rather than 91% of them sitting on their a&*$?%s doing nothing.

Actually he was light years ahead of you…. but just not as committed
as some.

>>> http://finance.yahoo.com/news/Why-Baby-Boomers-Are-Bummed-usnews-1665…
>>
>> ronald reagans legacy:the looting of america:Reagan-era legislative
>> changes essentially ended New Deal restrictions on mortgage
>> lending:Government is the problem, the magic of the marketplace must
>> be set free:the precautionary rules were scrapped
>>
>> http://www.journal-news.com/opinion/columnists/paul-krugman-this-rece…
>>
>> Paul Krugman: This recession is Reagan’s legacy
>> By Paul Krugman
>> Updated 2:12 PM Tuesday, June 2, 2009
>> “This bill is the most important legislation for financial
>> institutions in the last 50 years. It provides a long-term solution
>> for troubled thrift institutions. … All in all, I think we hit the
>> jackpot.”
>> So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain
>> Depository Institutions Act.
>> He was, as it happened, wrong about solving the problems of the
>> thrifts. On the contrary, the bill turned the modest-sized troubles of
>> savings-and-loan institutions into an utter catastrophe. But he was
>> right about the legislation’s significance. And as for that jackpot —
>> well, it finally came more than 25 years later, in the form of the
>> worst economic crisis since the Great Depression.
>> For the more one looks into the origins of the current disaster, the
>> clearer it becomes that the key wrong turn — the turn that made crisis
>> inevitable — took place in the early 1980s, during the Reagan years.
>> Attacks on Reaganomics usually focus on rising inequality and fiscal
>> irresponsibility. Indeed, Reagan ushered in an era in which a small
>> minority grew vastly rich, while working families saw only meager
>> gains. He also broke with long-standing rules of fiscal prudence.
>> On the latter point: Traditionally, the U.S. government ran
>> significant budget deficits only in times of war or economic
>> emergency. Federal debt as a percentage of GDP fell steadily from the
>> end of World War II until 1980. But indebtedness began rising under
>> Reagan; it fell again in the Clinton years, but resumed its rise under
>> the Bush administration, leaving us ill prepared for the emergency now
>> upon us.
>> The increase in public debt was, however, dwarfed by the rise in
>> private debt, made possible by financial deregulation. The change in
>> America’s financial rules was Reagan’s biggest legacy. And it’s the
>> gift that keeps on taking.
>> The immediate effect of Garn-St. Germain, as I said, was to turn the
>> thrifts from a problem into a catastrophe. The S&L crisis has been
>> written out of the Reagan hagiography, but the fact is that
>> deregulation in effect gave the industry — whose deposits were
>> federally insured — a license to gamble with taxpayers’ money, at
>> best, or simply to loot it, at worst. By the time the government
>> closed the books on the affair, taxpayers had lost $130 billion, back
>> when that was a lot of money.
>> But there was also a longer-term effect. Reagan-era legislative
>> changes essentially ended New Deal restrictions on mortgage lending —
>> restrictions that, in particular, limited the ability of families to
>> buy homes without putting a significant amount of money down.
>> These restrictions were put in place in the 1930s by political leaders
>> who had just experienced a terrible financial crisis, and were trying
>> to prevent another. But by 1980 the memory of the Depression had
>> faded. Government, declared Reagan, is the problem, not the solution;
>> the magic of the marketplace must be set free. And so the
>> precautionary rules were scrapped.
>> Together with looser lending standards for other kinds of consumer
>> credit, this led to a radical change in American behavior.
>> We weren’t always a nation of big debts and low savings: in the 1970s
>> Americans saved almost 10 percent of their income, slightly more than
>> in the 1960s. It was only after the Reagan deregulation that thrift
>> gradually disappeared from the American way of life, culminating in
>> the near-zero savings rate that prevailed on the eve of the great
>> crisis. Household debt was only 60 percent of income when Reagan took
>> office, about the same as it was during the Kennedy administration. By
>> 2007 it was up to 119 percent.
>> All this, we were assured, was a good thing: sure, Americans were
>> piling up debt, and they weren’t putting aside any of their income,
>> but their finances looked fine once you took into account the rising
>> values of their houses and their stock portfolios. Oops.
>> Now, the proximate causes of today’s economic crisis lie in events
>> that took place long after Reagan left office — in the global savings
>> glut created by surpluses in China and elsewhere, and in the giant
>> housing bubble that savings glut helped inflate.
>> But it was the explosion of debt over the previous quarter-century
>> that made the U.S. economy so vulnerable. Overstretched borrowers were
>> bound to start defaulting in large numbers once the housing bubble
>> burst and unemployment began to rise.
>> These defaults in turn wreaked havoc with a financial system that —
>> also mainly thanks to Reagan-era deregulation — took on too much risk
>> with too little capital.
>> There’s plenty of blame to go around these days. But the prime
>> villains behind the mess we’re in were Reagan and his circle of
>> advisers — men who forgot the lessons of America’s last great
>> financial crisis, and condemned the rest of us to repeat it.
>>
>> Paul Krugman writes for the New York Times.
>

; From Hell’s heart, I stab at thee;

“A letter calling on the US to remove logos on American-funded
assistance in Pakistan”

That’s simple, just remove *the American funded assistance*

It will kill two birds with one stone, the Letter will be answered and
we can sell the products and help our GDP.

Everyone will be happy.

GDP is a fake number….

The existing equation: GDP = C + I + G + (X – M)

G = Government spending,
C = Consumer spending
I = Investment spending
(X – M) Export Import spending

Government spending is just taking money from pile “C” the consumer and
putting it in pile “G” the Government where it creates nothing, then
handing it back to pile “C” and while that redistributes money it
creates no wealth. This redistribution creates no wealth, all it creates
is bigger government and that steals from “I” the Investment.

Money Velocity which is a good indicator of economic behavior, when
money is circulating too fast then we have an inflation problem, no one
wants to hold the cash long enough for it to lose value. When money
stops moving, people are hoarding it because their future is unstable.

Obama’s redistribution is a fake/phony astro-turf version of a real
economy, it’s a *virtual economy* the numbers are manipulated and the
money velocity in Obamanomics is like plastic fruit, it looks more or
less good, but has no practical use. Obama/Democrats/Government are
trying to fool you.

Obama is the illegitimate son of Osama….

They eat their own…..

> “I’ve abandoned free-market principles to save the free-market system,”
> — President GW Bush

That describes his over all political life, he betrayed everything he
ever said to get what he said he wanted.

war on the sea turtles….

You know every dead manatee will cost BP more than our GDP.

–

What do you need a VAT to pay for?

Why NOT just quit spending more than the Government takes in?

And Social Security is sucking up Federal income taxes since the Social
security tax no longer pays for Social Security and all the money in the
Social Security *LOCK BOX* is NOT there, it’s already been spent by
Congress and Bush and Obama.

That money “Borrowed” from the Social Security Lock box is *MORE_DEBT*

I’m also right!

Who said crazy people are always wrong, was that you?

Government spending has grown at more than 3.2% and government spending
“is” in the GDP formula…. This means that for each dollar of
government spending we get less than a dollar of GDP. Government
spending is up 300% to 400% above Bush years.

Not only are we not growing the private sector but YOU Leftists are
wasting the money the government is stealing from the private sector.

GDP is Government Dept. of Propaganda…. Government Spending is “in”
the GDP, and guess who swindled us for about $6 Trillion dollars in the
last 18 months?

Government spending is the GDP, all others in the private Sector are
cutting and NOT expanding and any profit taken is at the expense of the
economy and not to our gain…..

A company with 100 workers fires 99 last month, then you say things are
better this month because the owners fired only the last one person and
locked the doors.

Fewer people lost their jobs and one less company is reporting a
loss…. Thing sure look better.

I just heard a news spot that tried to use one of your analogies that
things were better because more people were *Moving* yet they ignore
the FACT that more people are being moved out by the Sheriff due to
foreclosures.

That sure makes things look good, this is your Leftist morons using
numbers with no context in a short propaganda blurb to try to get the
idiot masses to believe that a 1000 point drop in the market was a fat
finger mistake and the economy is just humming right along.

We are in the toilet and Greece and the others are going to pave the
way to the future, but even if we give them all the American taxpayers
money and they survive, we won’t.

Where did that 3 – 6 trillion we gave Obama in the last year and a half
go, if he isn’t spending it? Another question is “HOW IS THE GOVERNMENT
DEFICIT RISING TO A TRILLION DOLLARS FOR AS FAR OUT AS CAN BE PREDICTED”
if government is spending less? Just answer a few of these questions
here.

I guess I want my Tax money back since trillions are just stuffed in
Obama’s White House Mattress…. Either Obama is hiding it and it’s NOT
helping the economy, or he’s actually stealing it and funneling it to
the Democrat/Leftist groups and again it’s NOT helping the economy….
Government Spending has to be up 50% – 150% since Obama’s budget and
money given to him by congress is at least 50% to 150% more than Bush.

Fudging the numbers to hide government waste is a bit silly, we gave
him the money, it’s being spent…. the only question “is where”? On
the Books you may see the spending doing almost anything but once you
look at it without the *GOVERNMENT BEER GOGGLES* on, you see that
*$Trillions_in* equals *trillions_out….* We gave the money to
government and unless it’s in a mattress in the White House you and your
numbers are lying.

So your Statement is something a “retarded Democrat”, as Rahm Emanuel
called you, would spew!

Rahm may have uttered the only truth I have ever heard coming from a
Leftist when he called Democrats Retarded. I know he had to apologize
for insinuating Retards by saying Retarded people are as inept and
useless as a Democrat but I imagine Rahm really means Democrats are
DUMBER THAN(Less Able Than) the retarded. He must have been looking
for a whole new class of idiocy. To describe your kind.

–

Where did that 3 – 6 trillion we gave Obama in the last year if he isn’t
spending it? I guess I want it back since trillions are just stuffed
in his White House Mattress….

Fudging the numbers to hide government waste is a bit silly, we gave him
the money, it’s being spent the only question is where?

You a&*$?%e, when you raise government spending 9.3% in six months….

Unless you lower it more than 9.3% in the last six months you had
increased spending…..

Then… The Private sector isn’t getting better it’s the Government
that’s manipulating the numbers…. Obama prints money and spends/loans
it and they call it GROWTH, government taxes and then spends and they
call it GROWTH.

Then… why don’t you get a bucket and go make the shallow end of your
nearest pool twice as deep by moving the water from the deep end to the
shallow end, the deep end has too much and the way to make it all even
is for you to act like government and take some from the deep(rich) and
give it to the shallow(poor)

Then… you have inflation that you ignore…

Then… Cutting 99 of 100 workers last quarter may have stopped the
massive bleeding of cash and they can post a smaller loss or “Profit”
and then this quarter they fire their last one employee and close the
doors forever according to you things are better because they only fired
“one” employee this quarter!

Then.. your math is like the Global Warming math, you make up what ever
makes you get what you want. The truth is in the numbers that aren’t
manipulated by government and Leftists.

Then… look at NON residential inventory… theh storm is gathering as
teh Depression moves to a different place, the Government is like a one
legged man trying to put out a forest fire. They try to stamp out one
place like the stock market and buying stocks, then the mortgage markets
and banks, and then they hop over here and then there and it’s all
smoldering and relighting and there is no GDP it’s an illusion, smoke
and mirrors, we are still crashing in slow motion and government is
spending more than six trillion dollars….

–

That’s not what you said before….

You’re moving the goal posts since you were shown to be full of s&*$?%t.

Your new proposal suggests that we are bottomed out and when you look at
other measuring scales like Jobs and Mortgages we have 10 years or more
to get back to “> 2007Q4 2.12″ in reality! Youy are still believing
the GDP as some sort of tell all scale…. it’s GDP and GDP is *MORE
ABOUT GOVERNMENT SPENDING THAN PRIVATE SECTOR HEALTH* You are still
drinking the Kool-ade.

–

Which is why it’s obvious propaganda… did bush get those numbers with
more people working and building houses and selling houses and here we
sit with “jack s&*$?%t” happening and you claim we are doing better than
bush all but 7 quarters. If that doesn’t fit the description of fudging
the numbers then you’re too dumb to know when to breath.

Can you see how ignorant you need to be to believe that this is better
than MOST of the 8 years of Bush? I have no love for Bush but it sure
is ridiculous to try to pass this kind of propaganda off as real life.

>
> Date Value
> 2010Q1 3.24
> 2009Q4 5.55
> 2009Q3 2.24
> 2009Q2 -0.74
> 2009Q1 -6.43
> 2008Q4 -5.37
> 2008Q3 -2.68
> 2008Q2 1.46
> 2008Q1 -0.72
> 2007Q4 2.12
> 2007Q3 3.59
> 2007Q2 3.22
> 2007Q1 1.21
> 2006Q4 2.96
> 2006Q3 0.1
> 2006Q2 1.45
> 2006Q1 5.35
> 2005Q4 2.08
> 2005Q3 3.08
> 2005Q2 1.72
> 2005Q1 4.05
> 2004Q4 3.52
> 2004Q3 2.97
> 2004Q2 2.87
> 2004Q1 2.85
> 2003Q4 3.64
> 2003Q3 6.88
> 2003Q2 3.23
> 2003Q1 1.63
> 2002Q4 0.08
> 2002Q3 2.01
> 2002Q2 2.14
> 2002Q1 3.48
> 2001Q4 1.42
> 2001Q3 -1.09
> 2001Q2 2.65
> 2001Q1 -1.31

–

Now we call it propaganda…. Government spending is growing and GDP is
now mostly Government spending.

–

The point is that we’re not looking at real numbers but even these bogus
numbers admit we are slowing(or the last numbers were over exaggerated)
and we may be back to zero and negative ground soon. The GDP adds
Government spending as part of GDP and while the government spent
$trillions of dollars in Obama’s first year, but we won’t be doing that
again because we don’t have it, can’t get it and printing more of it
will trash the economy worse than the actual solution of cutting
government to a reasonable size.

We can’t be growing, when jobs are still negative and NOT just slowing
down. There is no net gain, we are also sitting on Trillions of bad
mortgages and years to decades of home sales to just get back to even.

In short, Your GDP is just pissing in the wind….

When the economy drops 20% in the middle of an economic Depression the
Main Stream Media is telling you *that’s great* we’re getting better
and improving.

Of course it all propaganda and you can’t believe what they tell you but
you can believe in this case that things are worse than the Democrats
and Media are letting on.

–
Government is the problem Our Constitution IS the solution.

http://constitutionparty.com/party_platform.php