JustHerMind's blog post - Town Hall Meeting Commentary

Wednesday, April 29, 2009, 9:58:04 PM

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From a "Town Hall" given today - ---
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First 100 days for Obama

Not that anyone is counting or anything, because let's face it, spending trillions of dollars we don't have is fun, isn't it? Speaking of that, Obama had one of those fancy town hall meetings today and had the audacity of hope to say this: "I have personally asked leadership to pass into law, rules that follow the simple principle: you pay for what you spend. So that government acts like any responsible family does. Want a new program? You've got to pay for it. We can't rest until we restore the fiscal discipline that will keep us from leaving our children with a mountain of debt."

What a riot this guy is, eh?

The above was from Glenn Beck's show today... I seldom send people stuff like this, but this one really deserves some extra air time. Not only has the current government added about three trillion dollars to the expected debt over the last 100 days, that figure does NOT include the huge additional debt and drag on the economy they are going to attempt to add when they address Government Health Care and "Carbon Taxes" to "fix" non-existent "man-made global warming" (It's the Sun, Stupid!) --- both of which government programs you can BET your bottom dollar will NOT provide the expected benefits, and their "cost" to the taxpayer and economy will be greatly underestimated. You can count on it: if either is passed, one to three years from now all the political class will be scratching their heads and wondering where they went wrong on both factors.

I'm really enjoying this non-partisan government stupidity.

I hope you all are, too.

Cheers... or should I say "Bottoms Up" since I'm trying to stay drunk.

Comments

Others Have Said:

..FooD.. on 29-Apr-09 23:21:02

yeah... i dont mind obama. i think he's in a shit situation and is doing the best he can with what he has. I dont necessarily have an opinion on the plan, i figure its way too early to see if it will work or not, and frankly i think a more new deal type plan with government projects paid for, benefiting, and built by the american people may have been a better plan, but hey, i'm not running the country, and we still havent paid off the new deal.

either way, i definitely agree that given the ungodly sums of money we give the federal government, we really should get more for our money. if any business had the unnacounted expenditures and lack of accountability/demonstratable results the US government has, their stock would be worthless in a week...

JustHerMind on 30-Apr-09 1:37:24

Absolutely... I agree with much of what you say, FooD

Frankly, any president now would have a tough time, but to say "it's Bush's fault" is absolutely inaccurate. The seeds of the current situation were sewn during Clinton's administration, and greatly exacerbated during the last four years: two of which were "controlled" by the Reps and two by the Dems. That is why I'm ready to throw them ALL out, and I MEAN it.

However, this throwing trillions of "good money after bad money" seems like "doubling down" with a pair of 7's or 8's in blackjack when the dealer has an Ace showing- but again, it is the not only Obama, it is him PLUS 2/3 of the Congress. And, I WILL agree that ALL my congresscritters are part of that 2/3. I hope the majority of other voters are thinking similarly.

However, what Obama (and Bush and Congress during the last 1/4 of '08) are doing are best described as Keynesian or Fascist - I'm not sure which is the best description, both fit - but either one has not had a very good reputation around my parts for at least 30 years. Don't know about yours.

As for what the stock of the US government is worth: So much of the whole world is in similar straits, and the "investors" have to put their money somewhere, and that is probably WHY the stock of the US has not become completely worthless. About 2/3 of the world's economic production is from countries determined to commit hara-kiri for the last decade or two, and that trend is not decreasing. I'm not optimistic, for the first time in my life.

We've got to find a way to get off this planet!

..FooD.. on 30-Apr-09 4:32:48

well, its facist in the sense that facists, in absence of a revenue generating/socially galvanizing war will commonly use public works to counter economic depression, but frankly, most facist regimes had a lot less fat to trim, were better organized, and had political structures better suited to decisive action, not that i'm condoning facism. but even if you believe the plan is basically on loan from mussolini, we're still not doing it as well. what FDR did worked because while it cost america a lot, it put money and jobs back into the economy. this is just throwing money, more or less taken on credit, to re inflate a system that collapsed due to its inordinate unrepaid loans and treatment of debt, even bad debt, as a saleable commodity. the real problem with throwing more money at it is, even discounting the inflation, you're just shifting it from private debts to national. we're just shifting around the cat litter to cover most of the crap rather than actually cleaning the litter box, so to speak, and until money is exchanged for goods or labor, we really haven't done jack to eliminate the bad debt, when the only solution is to find a way to shuffle things to where we can make good on it, as individuals or as a society.

frankyjay on 30-Apr-09 7:34:58

Are ya still drunk ? :P

Thankyou for relating that story on my blog yesterday...Kiss xxx :))

JustHerMind on 30-Apr-09 19:15:10

Franky: sometimes I DO wish I was still drunk, but unfortunately I'm not!

FooD: I agree with you that this is just tossing money around. I don't think that the "intention" is to inflate the economy, but it will - in spades - we're going to see Jimmy Carter inflation numbers within 5 years. But the WAY they are doing it is leading to something else in addition.

The best description of FASCISM is that the government CONTROLS the businesses (the products they produce and how they produce them) but does not "own" them. What is occurring in more and more segments of the US economy is now coming more and more to resemble fascism. The government is attempting to control the auto ind. now, and the banking ind., and already is in control of a large segment of the housing industry. They are getting ready to grab control of 1/7 of our economy: the health care industry. If they manage to get control of the energy production industry, that will be another HUGE percentage of the economy.

This, my friend, is FASCISM.
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