I am close to vomiting-stage when I read the Associated Press and other mainstream news sources continue to lie and deceive readers about this Depression we are in. First, they call it the Great Recession, and that is a lie. This is a Depression. Many free market economists say the real unemployment rate is 22 percent, give or take, not this 9.7 or 9.9 percent "flirting" rate that the media continues to pass...
Second, I'm tired of the word "recovery" being used in almost every financial article in the U.S. I'm tired of Newsweek magazine proclaiming with almost a quarterly issue of their about-to-go-under-mag that this Depression is over and that the economy is getting better.
Do you people think for one second that just because your home you bought in 1970 at $50,000 jumps to $210,000 in 2009 because it increased in value? No, you ignorant people...the jump in prices is caused PRIMARILY because the value of our dollars are worth LESS. When you print more dollars, the less value it holds because it is not backed by a commodity (see gold or silver.) You people would better serve yourselves if you first stop this self-deception, and two, stop relying on the mainstream media to tell you about a worthless economic "recovery."
The same "historians" and government-worshippers who said the Great Depression was saved by federal government fixations on communistic principles and programs are the same sick bastards who are repeating the lines that the U.S. is undergoing an "improving economy."
It's sick, and it's insulting to self-educated people everywhere.
This latest bit of news does not come as a surprise given the fact I'm a free marketer, but it should horrify you Americans who continue to believe that your "increase in value" of your home is actually worth value...when it's not...Bloomberg News, via Drudge Report, cites this fact chart that shows how DEBT -- all $13 trillion of it -- is about to eclipse the Gross Domestic Product of the U.S. Do you economic retards not know what that means?
Let me put it in this example:
The Ellis County Observer Economics 101
You pour a glass of iced tea. Mmm. So sweet. So refreshing.
I, as the government, urinate in your glass of iced tea (which represents the economy.) I urinate in your tea to the point where 60 percent of your glass of iced tea is filled with urine. The urine represents DEBT. Now, in 2010, right now, right here, 60 percent of the U.S. economy's GDP (economic output) is DEBT. Again, $13 trillion and counting...That debt figure wasn't even supposed to occur until 2030, according to government estimates.
So continue to drink your tea and think that there's nothing wrong...but soon, that glass of iced tea will be full of urine and then, you will taste the urine, and you will think it's gross, but because you people are so economically tit-sucked into believing what the government and government-manipulated media tell you, you will like it. Yes, you will like the iced tea full of urine.
And yes, you will continue to believe your bankers, your politicians, your journalists and your TVs who continue to tell you that the economy is "recovering," and that we really aren't in a depression, but a "great recession."
Don't insult me any further...
But know this: The Ellis County Observer and The Palmer Post will not lie to you. We are the reporting agencies of doom and gloom, mainly because there is a "market for the truth."
Do not be deceived in phony propped up charlatans who tell you we're in recovery mode.
But if this is too much for you to handle, please, continue being led astray and led down the diversion path of your reality TV shows and your network prime-time TV and your vast crapfest of sports. Your mind won't care...and don't worry, the food ingredients you eat and the garbage you put into your stomachs will also help sedate you into never, ever worrying about the government filling your iced tea glass with more and more debt and your eyeballs and newspapers with more and more bullshit.
ewwww all these mindless people drinking Urine, can I say SICKO'S? well actually I can, cause I just did
ResponderEliminarJoey:
ResponderEliminarIn the late 70's, Volker, the Fed Chair, advised Pres. Carter he was going to break the back of inflation which at the time was running around 23%, regardless of the cost. Money market rates at the time yielded 22% and 30 year treasuries, 14%. He cranked up the discount rate and started decreasing M-2. His actions resulted in the worst recession/depression since the 30's and assured Regan's election. I suppose the Regan Recession back in the 80's was also a depression. Under Regan, government expenditures absolutely exploded. We were suffering with 10%+ official unemployment...much higher shadow unemployment, as today. Regan's expenditures were "primarily military spending." Much like the military spending leading up to WWII. His huge government expenditures, however, along with inventions and the advent of new industries pulled us out of the "80's" depression.
In 1937, the economy was recovering from the great depression, much like today, when the Democrats decided they had to balance the budget. They attempted to balance the budget and by 1938, the economy had tanked putting the country back in depression. For a more in dept review, look at the following or Google "The recession of 1937".
Lastly, I am VERY concerned with our expenditures, but we just may be between the "rock and a hardspot" until our economy can be revitalized. It is not a rapid process with this much debt in all sectors of the economy. The debt must be paid in the private sector or it must be resolved with bankruptcy. Eventually, the private sector will again revive with new industries and inventions, but until the debt is retired(8-10 years) in one way or another, better be careful for what you wish.
Lastly, the American people vote with their pocket books. If times are economically difficult, they will replace the ruling party. It just happened with Bush and the Republicans. The Democrats and the Republicans are playing a huge chess match. If the Demos keep spending like a drunken sailor, it may eventually send the nation into bankruptcy, but if they don't, they could easily slip back into recession/depression and they will consequently lose control of congress, perhaps the presidency.
The Republicans on the other hand, smell blood and know the Demos are on a miniacal spending spree to crank up the economy and keep power. If they can raise enough opposition and get the Demos to cut spending, the economy will in all likelyhood fail and the American electorate will kick out the Demos and replace them with Republicans. BTW, since Regan and discounting Bush senior, the Republicans have been every bit as bad as the Demos for excessive federal spending. This unconditionl battle for control of the congress is being played out at this time. It is not pretty and frankly, it's like watching a high wire act without the net.
Allen
Yes, yes, the historical economic cesspool that his nation has jumped in and out of is still very much at risk of destroying this nation.
ResponderEliminarWhy?
Because, as posted earlier, 60 percent of the U.S.A.'s GDP is debt.
What's it like being so "free" in America where the biggest export is DEBT? Hmm.
We are no longer the economic superpower we once were.
When someone is excited that their $70,000 house hits $200,000 in a span of five, 10 or 20 years, that isn't the "value" increasing, it's the value of the dollar decreasing.
When people realize that our dollar bills are nothing more than notes -- individual debt notes -- passed around like Monopoly money, they might - just might - see "money" differently.
Joey,
ResponderEliminarI'm stepping out of my idiot bag with Jimbo and Gingersnap, the anonymous twins, for a moment to speak to what I see to be one simple truth. The *mainstream/dinosaur* media on the whole, no longer has the presumption of any journalistic integrity.
They ARE fading into the night.
No matter what any one says about any blog (and personalities aside), a wealth of info is at everyone's fingertips on the internet these days. Yours included. A lot of folks, just here on this site, do a lot of research to argue one point. Multiply this by the millions that are on the net. It's a whole new world wide education, not to mention op-ed.
Something happens in... Allibabba, Tyrannastan and the entire world knows about it by the end of the business day. Unfiltered by the museum curators of the old guard press.
We may not see the end of the old era today or even tomorrow, but it is coming, thanks to folks like you, your readers, participants, etc...
and growing.
When was the last time you or most folks watched the "Evening News"?
The *David* that is the internet and the alternative media has taken down the *Goliath* of the dinosaur media.
A bold new world
Steve
Well lets stop gosip mongerining and start with real news cut off the bs bloggers
ResponderEliminarIn so many things you are brain addled In this, other than the ego, you are so right
ResponderEliminarAllen,
ResponderEliminarRemember that when Reagan increased spending on the military, which is actually constitutional, he/Reagan also managed to pass a huge tax rate cut through congress that spurred the economy by letting the American people keep lots more of their own money. Money back into the private sector meant jobs and personal wealth. And the money flowed into the federal coffers as well.
But, yeah, I agree, we gotta stop spending so much of the peoples money for government and put it back into the private sector. During a deep recession, you don't heap more regulation and taxes on business and expect them to hire. Without jobs, or the threat of loosing their jobs, the American people aren't spending either. Tax base is reduced, money to the feds goes down and they/the feds raise taxes to compensate for the loss of revenue.
Stalemate
Steven:
ResponderEliminarI liked Ronald Regan, but his fiscal policies were debt disasters. For example Reagan tripled the Gross Federal Debt, from $900 billion to $2.7 trillion. Ford and Carter in their combined terms could only double it. It took 31 years to accomplish the first postwar debt tripling, yet Reagan did it in eight. Regan also spent a greater percentage of GDP than any preceeding post war administration.
He did cut taxes up to over $200 billion, but in 82 he raised them $132 billion a year. The balance he borrowed plus a great deal more. Under Regan the size of the national debt TRIPLED in eight years.
You might want to Google, "Regan Tax Increases." Both he and the current administration give new meaning to the term, "Spending like a drunken sailor," but I do not know where the delicate balance lies.
Allen,
ResponderEliminarYou and me, babe, are singing on the same sheet o' music when it comes to spending.
S T O P I say, when the hell is enough going to be enough when it comes to stealing from the taxpayers?
I was commenting on the tax rate reductions put in by Reagan (Kemp/Roth tax cut in 1981) and (TEFRA in 1986) reduced tax *rates* (I won't comment on the entire content of the bills, just the tax rate reductions) and the economy went crazy. I seem to remember that I heard a fella (Paul Harvey?) say once, sorry I can't find it now, for every $1.00 in spending cuts that Reagan managed to get from congress, they in turn spent $1.86. I believe that that was the correct number but now I can't find it.
No, the economy didn't recover overnight, but the economy and the ship of state turned around and everyone, including me, benefited.
The balance lies back in either repealing these HUGE spending bills whether discressionary or not or defaulting on debt that is unsustainable. I shudder to think about that.
It's an old axiom that you cannot tax your way to prosperity and gov't cannot create jobs, all it can do is get out of the way so the private sector can.
My own sob story about this present state of affairs...
I'm a jet pilot by trade, in the corporate industry, and my job went south when obama told the car company execs that the days of riding in your fancy jets is over (I paraphrase).
A politician was trying to appeal to the masses with the class envy line...and now with the stimulus bill we have 10% plus unemployment and we're being told that this is going to be a jobless recovery, what the hell is a jobless recovery?...
It's like jumbo shrimp...
and an entire industry got butchered that was already on life support (corporate/charter aviation is maybe back up to being on life support again). That industry employed how many folks with good middle class incomes?
Pilots, mechanics, airplane builders, instructors and all the support staff that took headers off of a cliff in the middle of a souring economy. There's change for you.
If you think I exaggerate, ask most any corporate or charter pilot. They'll tell you an almost identical story. The last fella who owned the airplane I flew was a mortgage banker and owned several large car dealerships. Not any more, and there many more in line behind this dude. That's one story in one industry, and I'm sure I'm preaching to the choir...
Rant, rant, vent!@#$%^&*(:)
I go to the people who have money when I'm looking for a job, how 'bout you?
I know, I know, but this topic hits my hot buttons.
You have elected a smooth talking speech giver that has promised change. You got that.
ResponderEliminarHe has managed to bring down the U.S. to being closer to less powerful countries.
He immediately started campaigning overseas belittling the U.S. and apologizing.
He has chosen a cabinet that is unfit and unprepared to handle any of our problems nationally or internationally.
He has belittled Israel to become popular with surrounding Arab countries.
He appears to me to be using the U.S. Presidency as a stepping stone to become the United Nations Secretary.
He has, quite successfully, repaid his supporters, such as the Unions, with stimulus funds and legislation that would favor unions and corporations that follow his programs.
In 2012, you will probably find Hillary Clinton running for president against, possibly, Sarah Palin.
Biggest catfight ever.
This is just my opinion, so feel free to skip over it and continue on.
Amen charlotted,
ResponderEliminarMore and more folks are waking up to this realization, the elected/appointed/unaccountable thought that in the hallowed halls of power in this great country, that "we the people" would just get in line and trust them.
They cast a long shadow over our land.
They believe that the U.S. is a piggy bank for their power and as the ruling class, *it's their birth right*.
Sorry folks, but this 'aint Europe...
"Consent of the governed...and run 'em outta town on a rail" should be our new battle cry.
I believe that they're the ones who are the dying breed...and in for a rude awakening come November.
All these old school politicians that promise utopia and nirvana while promoting class envy and racial division, are loosing their luster.
The sleeping giant that is the American voter is awake and pissed off. The doors to our homes just got beaten down and we realize that our national house has been plundered.
Have I left out any euphemism's?
I pray that the next time some one running for office talks like this fool does!@#$%...
I hope the American people remember obama and his ilk and show the next... *anointed one/s* and his/her minions, "with ceremonial freedom loving pomp and circumstance" the way to the permanent unemployment line.
I think Fredrick Douglas (now there's leadership for you babe) would have been better served to say...educate, educate, educate
not agitate...
Well, you get my drift
Anyhow...
thus endeth my screed
I do find it funny that a lot of "conservatives" are very quick to grab Reagan...who talked a really, really good game but was forced by the nature of the beast to comply with Congress. Or the fact he granted amnesty, etc.
ResponderEliminarI cringe every time I hear a Republican say, "I'm a Reagan Republican!" I go, "yeah, which part, the campaign-Reagan or the reality-Reagan?"
That's why I say I'm a Goldwater Republican. Granted, I'm only 29 and have no recollection of Goldwater at all, but the studying I've done and the education I've received in political matters has given me one heck of a foundation...if not for Goldwater, we would not have a Reagan, so then people would force to become honest and say, "yeah, I'm just a Bush Republican."