The bailout package

I was against this bailout from the start, despite all the smart people warning us that our life would end in an apocalyptic fashion. I would surmise that they all have something to gain, otherwise why would someone like Warren Buffet (who I greatly admire) support a flake like Obama?

In any event, I would like to point out something. Democrats are ONCE AGAIN pushing for a stimulus package. For those unfamiliar, a stimulus package is welfare. It is a circulation of funds to a lower income pool of people that is paid for by a higher income pool. Welfare, k? Now, this last stimulus package was supposed to jump start the economy. It is similar to jump starting a car that is missing a wheel, has a broken muffler and the engine is so rusted it looks like a deep sea find.

IT WILL NOT WORK.

But liberals do not give a shit about this country and if they can pander to their voting class then they will give away other people's money until this country becomes the United Socialist Republic States.

HOWEVER, Republicans in the House (sometimes they do have a collective brain) have rejected the proposal. Instead they want to introduce a capital gains tax reduction for houses, tax incentives for companies and expedite drilling. Yet our soon to be Great Leader Obama has brainwashed his minions so thoroughly that Republicans are still considered the root of all evil.

Guys, just follow the current events. Republicans are fighting (somewhat) for this economy. Democrats are fighting for wealth distribution. This is not the solution.

Open up your eyes.

Comments

  1. AnonymousOctober 14, 2008 at 12:38 PM

    Repugs are in the pocket of the defense industry; the only thing they are fighting for is for their seats in congress. Good riddance.

    ReplyDelete

Post a Comment

Popular posts from this blog

The 2009 credit boom is coming to an end.

Image
The credit expansion boom of 2009 will eventually go down as yet another period of credit expansion promoted by the Fed that will have lead to another predictable bust.   Today, it will be interesting to examine how the various levels of production are behaving under years and years of artificial interest rate suppression.  It will also be helpful to look at charts and graphs examining the business cycle theory and the impact of time preference as taught by Mises. For starters, those new to the concept - a very brief paraphrasing of the general idea. Under a healthy functioning market people's consumer patterns impact their savings.  More consumption equals less saving and less consumption more saving.  In order to progress the society must save such that it can make investments in machinery, equipment, technology, etc if it hopes to increase the capacity of production.   Sure ,you can harvest 10 coconuts a day, consume them by night and repeat the process...
Read more

What is wrong with this country?

I was browsing the latest IBD poll and it finally struck me. I had this idea brewing for the past few weeks now and this particular poll hit a nerve. What jumped out was the age group and who they are likely voting for. Obama / McCain 18-24: 74% 21% The rest of the age groups are more or less even with ages 65+ leaning more for McCain. Those folks should probably avoid leaning - hazardous to their health. Now, if you are a member of this group and are part of the 74% you are probably feeling good about yourself. If you are in the 21% then you are probably used to feeling desperate and angry that your peers ostracize you as if you were the next coming of the bubonic plague. But this number is very telling. Showing to us that a large group of freshly minted liberals, on average still in college, is in a very good position to influence these elections. Enthralled by the concept of "what they want the world to be" and their utopian ideals they hammer their message to anyone willi...
Read more

Cult of Personality Watch: Obama day

I suspect I might have to make a regular piece about this, given the nature of this presidency. Today's CoP moment, brought to you by http://cjonline.com/stories/110908/loc_353922770.shtml Planning under way for Obama holiday The Capital-Journal Published Sunday, November 09, 2008 Plans are being made to promote a national holiday for Barack Obama, who will become the nation's 44th president when he takes the oath of office Jan. 20. "Yes We Can" planning rallies will be at 7 a.m. and 7 p.m. every Tuesday at the downtown McDonald's restaurant, 1100 Kansas Ave., until Jan. 13. The goals are to secure a national holiday in Obama's honor, to organize celebrations around his inauguration and to celebrate the 200th birthday of President Abraham Lincoln, who was born on Feb. 12 1809. At 7:30 a.m. on Inauguration Day, Obama Cake will be served at the downtown McDonald's, and a celebration is scheduled for 8 p.m. to midnight Jan. 20 at the Ramada Hotel and Conventi...
Read more