The American Spectator

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Fleeced, and Enjoying It

2.11.09 @ 6:01AM

(Page 2 of 3)

My own view is that Republicans are decoys for luring "conservatives" for the oligarchs who continue their march to subjugate Americans for the fascist designs implemented via elite policy making organizations outside the government. The banksters own American lock stock and barrel and most Americans -- contrary to the polls -- are happy to send trillions more to the men who have exported all of our capital and who decimated the banking and financial industries in this country.

I pledge allegiance to Goldman Sachs, and to the conspiracy for which it stands, one racket under Obama, Communist and indivisible, with slavery, debt, and poverty for all.
-- David Bonn

HERE'S A LESSON FOR YOU

Re: Jay D. Homnick's Obama Is Here to Teach Us:

Speaking of "the highest pulpit in the land"...

I understand that the President has had an Executive Order prepared, changing the name of "The White House" to "The Cathedral of the Paragons."

There remains only an official announcement from Robert Gibbs, newly titled also -- "Most Infallible Spinaroo."

Change we can believe in!
-- A. C. Santore

Jay is right about the general tone Obama has taken since he was inaugurated, but wrong about a couple of other things. The first is a simple fact. Bill Clinton was the last former teacher in the White House. After a disastrous term as Arkansas governor, Bill's friends got him a job teaching "constitutional law" at the University of Arkansas. Since liberals believe that the constitution dates back only to the latter days of the New Deal and that it was written entirely by judges, one has to wonder what he and Obama taught to their callow and impressionable little aspiring legal eagles. Jimmy Carter liked to tell people that he was a Sunday school teacher so he could fool them into thinking he was a regular, god-fearin', patriotic American. That would be anything but cool to an Obamabot or Clintonite.

Second, it's discouraging that even some conservatives buy the Keynesian idea that the economy is driven by consumers. No, Jay, consumer confidence cannot create a trillion dollars of wealth out of thin air, like manna from heaven. Someone actually has to invest and work hard to produce that wealth. That's what drives our economy like it does every other economy that has existed, does exist, or will exist.
-- D.M. Duggan

JUNTA ECONOMICS

Re: J.T. Young's This Recession's Unprecedented Costs: 

This article belabors the obvious with no insight into the nature of our economic problem or how to fight the ruling junta's power grabs. I don't mean to be mean spirited but we need to move past technical arguments against massive deficit spending by moving to the material and philosophical demerits of these actions. Otherwise you allow the socialists to frame the debate about how to address the problem as it is laden with the concession to spend our way out of our current depression through massive explicit and implicit taxes. Under these terms the only remaining issue is how cheap of a whore you are -- 800 billion, 770 billion, 1 trillion -- who cares -- a ho is a ho is a ho...

But to play along with the statistical aspect of the debate one area where it must be framed differently is over the value of government statistics. Most opponents of the present and past presidential administrations accept the notion that the recession started in December 2007 as stated. However, much more reliable statistics available from Shadow Government Statistics managed by an economist of sterling reputation shows gdp shrinking since 2001 with perhaps only one quarter of miniscule growth around 2004. The economy has been shrinking non-stop for 8 years. And if you remove the deceit of using gdp instead of gnp the magnitude of economic destruction is much greater and the terminus a quo is much earlier than reported.

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