"Jolting" the Economy
by Thomas Sowell
Barack Obama says that we have to "jolt" the economy. That certainly makes sense, if you take the media's account of the economy seriously— but should the media be taken seriously?
Amid all the political and media hysteria, national output has declined by less than one-half of one percent. In fact, it may not have declined even that much— or at all— when the statistics are revised later, as they very often are.
We are not talking about the Great Depre ...
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Posted by: charlie
Comment: #1
Fri Dec 5, 2008 9:24 AM
we need to stand against obama and other radical liberals evil agenda. obama's higher tax socialism will destroy our economy and the american family. socialism has always driven unemployment way up and gives people no hope of oppurtunity or success. its a failed system. do you want 40-50% unemployment? i don't think so, so then you better fight obama every step of the way. write your congress people and tell them you will not tolerate obama's crap.
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Posted by: Shirley deLong
Comment: #2
Fri Nov 28, 2008 3:52 PM
Barack Obama will soon become the 44th President! He's well-educated, well-dressed, and
an articulate speaker! He's certainly not the ‘mutt' he calls himself, even as a joke, when
talking about the new dog for his daughters.
Americans, of all races, voted for change, without thinking or caring about their own
responsiblities or contributions to society. Too many people made statements ‘I voted for
Obama because blacks have been at bottom of totem pole too long, and he's vindicated us!'
First of all, Mr. Obama is as much white as he's black! The reason you've been on bottom,
as you put it, is because you chose your lifestyle by not working, living off social and
welfare programs, having illegitimate babies, doing drugs, raping, murdering and stealing!
It's time to stop the ‘blame game'!
Barack Obama is inheriting a very depressed economy that started in 60's. It's unfair it's
trickled down to taxpayers! Government must run like a business, if not, our children and
grandchildren will have absolutely no future! Permanent cuts are critical in government
spending, cutting salaries for politicians, and absolutely no bailouts or handouts!
Freddie, Fannie, AIG, and the Big 3 need to file Bankruptcy! If these high-dollar thieves really
believe the companies will succeed they need to go to bank, borrow the money and maybe,
they'll learn what it takes to run a successful company! Hopefully, bankruptcy might teach
them to cut extragavant lifestyles and their exorbitant salaries!
When the average person makes $10.00 to $22.50 per hour. Union workers make an average
of $50.00 to $100.00 plus benefits, it doesn't take a rocket scientist to figure out what went
wrong in the corporate world?
Taxpayers feel Barack Obama will stick to his words “he's going to cut programs until
America is free of debt.” Top priority should be ‘Fair Tax' and making sure it includes
property tax, so every person will be paying their fair share.
While I'm on a roll, why should we treat the illegitimate population with the best of homes,
clothes, schools, insurance, beds, food, tvs, just to name a few things? Isn't this unfair to all
our Military fighting for our great country! Something's definitely wrong with this picture!
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Posted by: James A, Sweeney
Comment: #3
Tue Nov 25, 2008 4:51 PM
Sir;... Hoover had stopped the down turn in the economy... It is not often acknowedged, but it is true, and there was such a deep hole in the economy that it took a long time to get us out of it, and in many respects we have never come out of it. If FDR had taxed the rich more, ran more of a deficite, and then collected from the richest of the rich we might have gotten on our feet sooner, and been better prepared to fight the second world war... Fighting the Supreme Court which would have served the country more faithfully if they had dropped dead, hurt FDR...Having to deal with the republicans who dragged their feet, and injured the country for personal gain didn't help him... Returning more of the wealth to the poor, giving justice, or tearing down the whole mess of government would have done us all better... How ever Mr. Obama phrases it.. The economy needs more than a jolt... The process begun with the formation of this country, of making all public and general wealth into private property owned or controlled by the rich has gone as far as it can go and still work... you cannot support any society on only twenty percent doing a hundred percent of the productive work... We are over burdened with servants, and we could in theory have eighty percent unemployment... Before that happens we will have to revolt, so that will never happen... Unless the government finds some way to support itself on the taxes of those who actually benefit from the protection of government, it will all fall apart, as it is.. You can't get blood from a stone, and you can't get taxes or profit from an unemployed man... No taxes inevitably will mean no capitalist class... Oh, and I can't wait.. When that day comes I will do a little stupid dance of joy...Thanks...Sweeney
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