posted on Nov, 20 2009 @ 12:25 PM
reply to post by Sestias
I'll start with you're last statement first. When a general has lost the confidence of his troops, regardless of the status of the battle, you
fire the general. George Patton comes to mind.
Obama stated that unemployment would not reach 8%. It is now over 10% and climbing. The technical calculation of unemployment is low by definition.
It does not count those folks who have gone from full-time to part-time, the under-employed, those who have opted out of the workforce to go back to
school who would rather be working, nor folks who have decided to stop looking for work. The unemployment rate in California has topped 12%, the
highest in 25 years. California has the third highest. In Nevada, it tops 14%. Nevada is case in point. The unemployment is directly related to
folks not going to Vegas. They have cut all discretionary spending due to a lack of confidence.
The stimulus is a joke. It is creating make work jobs that will by definition be eliminated in a relatively short time. Lets hope so. The last
thing we need are thousands of jobs that create no value nor cause the economy to grow. The TARP funds are totally hidden from review by either the
larger congress let alone the American people. Where did that money go and who has profited from it. If you don't think that investment banks are
investing that money to generate huge profits, you are naive. One thing for certain is that they are not lending it. Because they are not lending
it, ancilliary firms are not lending it. Case in point, GE Capital is the nations largest leasing agent for technology. They will not lease
equipment and have not for two years. They won't lease it because their clients can not get capital to cover the lease payments. That one example
has eliminated thousands of high-paying jobs from the economy. That those technical jobs are critical for the long-term economic success of the
country is another bit to chew on.
Paul Krugman is a socialist. He won the Nobel Prize for Economics. The body of his work was "Analysis of trade patterns and locations of economic
activity". It is an econometric study of the flow of the economic factors that influence the geography of economic activity. It is not a public
policy issue, either in the macro or micro economic sense. As it relates to public and social policy, he is a huge government socialist and proud of
it. He believes that we should be pumping much more cash into the economy right now, when the majority of economists think we need to support the
dollar and get the deficits under control.
FDR was a disaster. He was a good war time president, but his economic policy was the first step on the road to socialism. Sure his work projects
put people to work and there were many valuable things that came out of it that benefited the country and still do, such as parks and dams, etc. The
legacy of FDR is a set of expectations that govenment will take care of folks and institutions that are no longer needed but due to political nonsense
are still in place 70 years later. The Tennessee Valley Authority which was created to supply electricity to the rural parts of the south still
exists. It exists despite the fact that the infrastructure to supply electricity to that part of the country has been in place for 50 years.
The general has lost the faith of his troops. As I mentioned above firing him in the middle of battle is the right and appropriate thing to do.
Another general worth considering is Stonewell Jackson who in the Civil War was shot in the back by his own troops. When the polls keep dropping and
the Democrats envision losing the 2010 elections the same thing will happen to Timothy. They will take him out.
Thats OK for Tim. He'll get a job either as a Managing Director at Goldman or as the dean of a top business school. He'll be OK