Sunday, February 15, 2009

Good politics is bad history and bad economics

It's a toss up. The demeaning and foot shuffling dance of the United States abroad by Biden-Obama, or Obama's negative rhetoric at home to completely gut the spirit of the American people. What is he up to? Certainly there's no hope, no change in the constant barrage of negativism we've heard since November 4. He gets his stimulus package through duplicity and lies, and before it even gets to his desk tells us it won't work and there will be more! I don't know if a positive attitude helps cancer patients, but if I had stage one cancer, I certainly wouldn't be encouraged by being knocked to the floor with the stats and treatment regimen for stage four.
    [Obama’s] fearmongering may be good politics, but it is bad history and bad economics. It is bad history because our current economic woes don't come close to those of the 1930s. At worst, a comparison to the 1981-82 recession might be appropriate. Consider the job losses that Mr. Obama always cites. In the last year, the U.S. economy shed 3.4 million jobs. That's a grim statistic for sure, but represents just 2.2% of the labor force. From November 1981 to October 1982, 2.4 million jobs were lost -- fewer in number than today, but the labor force was smaller. So 1981-82 job losses totaled 2.2% of the labor force, the same as now.

    Job losses in the Great Depression were of an entirely different magnitude. In 1930, the economy shed 4.8% of the labor force. In 1931, 6.5%. And then in 1932, another 7.1%. Jobs were being lost at double or triple the rate of 2008-09 or 1981-82. Obama's Rhetoric Is the Real 'Catastrophe'


Anonymous said...

Murray sez:
Our legislators create economic problems as a way to get the masses to feel like they need them to "fix" the problems. Of course history shows that the problems are never resolved but continue to pile up while our legislators simply create another one so as to divert attention from the old ones. This latest stimulus package is such a hugh economic PORK laden mess that many feel that it may lead to the total destruction of our country. This package did not come about democratically but just watch what Obama says when he signs the final bill. He will claim it to be a bi-partisan agreement. Which, of course, will be just another one of his and his cohort's many lies.
Hopefully, the masses aren't going to forget or forgive this one!

Deb said...

I just read this: "Everyone's a capitalist on the way up and a socialist on the way down."

Norma said...

I find it disturbing that they weren't able to read the bill before they passed it. There should be a constitutional amendment on that trick. They have now voted to give us all suboptimal health care, instead of just a fraction without insurance (something that doesn't guarantee any level of care anyway). But whoops!! It's all just a downpayment. Seems I've been driving around highway barricades for 30 years, and now they tell me we haven't had road repairs in decades!

And let's take more houses off the grid with solar panels so the rest of us have to pay higher rates. That'll help the economy?

They should have just divided the one trillion up among the million or so households, and let the people decide how to goose the economy. We could have by-passed all the government offices and really put Americans to work. But no, that wouldn't pay off their buddy lobbiests and a-corny friends.

Anonymous said...

Murray sez:
You could have a constitutional amendment that says they have to read it before voting on it but they would definitely ignore it. Do you think Obama will ever actually read the whole thing? I don't think so. He considers this a personal victory and will sign it unread. This bill is a dog and they all know it. This is not about stimulus, it's about POWER over the Republicans period!