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- issaccheriyathu, on 01/08/2009, -30/+205Where were these conservatives of 'fiscal responsibility' when Bush was running hundreds of billions of deficits and giving tax breaks during the time of war?
- tmyprod, on 01/08/2009, -10/+152Don't give Obama a free pass just because you voted for/like him. He, along with all other elected officials, needs to be scrutinized and questioned.
- lumpking69, on 01/09/2009, -9/+122mythbuster = tv show
myth buster = someone who busts myths
don't use "mythbuster" if it has nothing to do with the show. - inactive, on 01/08/2009, -17/+85No doubt. You see, wasting money on military is a "good" use of money, but using money on things like health care, education, infrastructure repair, clean energy, that's just horrible!
You gotta love the hypocrisy.. - homercles337, on 01/08/2009, -21/+78Where were they? Reaping the benefits that came with their criminal behavior.
- Alheithinn, on 01/08/2009, -39/+89Sour grapes, is all it is. Their worldview has been violated by their god choosing someone they didn't personally like. We have it from their own lips after all, their own little Christian Barbie, Sarah Palin, announcing that god would make the right choice for this country. He did, apparently, and they didn't like it.
Nothing anyone does or says, no quantity of evidence will ever satisfy their crazy ravings. Everything will be fraudulent or a conspiracy of some kind.
Maybe now they'll have some idea how 3/4 of America has felt for the past eight years. I hope they have a good supply of KY - they're going to need it. - algaeturd, on 01/09/2009, -22/+61These are the same people who caused this ***** mess. Nobody should be listening to a thing they say, yet americans are irrational enough to do just that.
Are you kidding me? What bush, paulsen and bernanke did was throw gas on a raging fire. That was THEIR answer. Total and complete failure in the understanding of the basics of this economy.
Republicans shouldn't be allowed ANYWHERE NEAR any economic decisions until Obama is out of the White House. Period. They had 8 solid years of getting everything they wanted and we're in a ***** sinkhole as a result.
If obama fails, he fails. But he is UNDOUBTEDLY no less qualified to deal with this than Bush and his cronies.
Republicans are a joke AND a punchline these days and nothing more. They're mere caricatures of the party they used to be where true conservatism was a concern. I can't even type the word out without laughing heavily. - inactive, on 01/09/2009, -8/+46Buried for no adam or jamie.
- amdahlj, on 01/09/2009, -10/+45More partisan crap.
Guess what? The world does not fit nicely into Democrats and Republicans. What about the libertarians on the side who have been screaming the whole time that Bush was never for free markets or individual liberty to begin with.
Most progressive economists agree? ORLY? If you want to understand the failure to recover from the Great Depression, go to Bob Higgs, not Krugman or Keynes.
Only conservatives are wasteful? It isn't about ideology, it's about incentives. Why do politicians spend wastefully? It wins elections. - borninda818, on 01/09/2009, -22/+57Buried for flaming liberalism. The questions discussed are far more complicated then this article makes them out to be. Also the author formulated the "myths" to make all conservatives look like feces-throwing monkeys.
- opSn, on 01/09/2009, -11/+36Dichtonomy aside, I can gather from the majority of the comments thus far that very few of you have any grasp on any sort of macroeconomic theory (or any independent/original economic ideals for that matter.)
Think for yourself, question authority. But honestly, a "mythbusting" article featuring dogmatic statements such as this gem:
"6. Large-scale government investment would inevitably turn into an orgy of waste, fraud and abuse.
True—but only if we let conservatives run the show. "
should be taken with great credence from anyone who actually seeks to educate themselves. It's this sort of holier than thou drivel that makes me literally sick. Human nature transcends partisan politics and anyone who believes that by voting democratic they are somehow more pious to some virtuous American ideal need to be brought out back and shot like the sheep that they are.
Perhaps the most frightening of all is item number 9 regarding Keynesian theory. I'd be willing to bet half the commenters would have to pull up wikipedia to even begin to understand the nuts and bolts of keynsianism. The article falsely insinuates that keynsian theory is the alpha and omega of modern economic thought. Any college student can tell you that this is far from the truth (See: the austrian school of economics).
Honestly, educate yourselves. President Hope isn't your messiah nor should his policies go unchallenged for fear to speak out against the new status quo. - inactive, on 01/09/2009, -9/+33This article is unbalance, ideological rubbish. Many of the economists that I've studied under have argued (similarly) that a Keynesian approach during a recession will accelerate recovery. The more I look at the issue, the more I tend to disagree for the following reasons: 1) Debt is a fundamental determinant of a currencies value, increase your debt load and decrease your dollar. The reduces your overall ability to purchase goods (and pay off more debt) in the global market. This may help exporters to a degree, but overall consumers get the brunt of it - unemployed ones that.
2) Some people make the argument that you fundamentally can't change the business cycle (mainly the far right Ron Paul types. There certainly could be truth in this.
3) The multiplier effect: The general idea is that if the government puts $1 into the economy this will spur $10 of economic activity (construction guy goes and buys equipment, equipment retailer goes and buys computers). The problem here is you also have a crowding out effect, ie the government funds industries which become far larger than the private counter parts, ergo deterring competition.
4) Debt (long term). What happens when things pick up again and you've saddled the populace with $100K/person of debt? You tax the living ***** out of them of course (income tax, red light cameras etc). And what about the country that has no debt? Guess what, their dollar is more powerful and their citizens have the ability to save and invest, while you become somebodies debt slave! But hey you'll have those pot holes filled! - Phennim, on 01/09/2009, -7/+31Republican is as republican does.
Is the party begging him to stop when you have 95% of the senators voting the party line every single time without question? There comes a time when you have to attribute ideals based on their actions, not their slogans. - redcolumbine, on 01/08/2009, -25/+48One wonders where these "fiscal conservatives" were when we were flushing the country down the pockets of Halliburton and Wall Street. No, for God's sake, don't put money in the hands of people who'll actually spend it here in the States! You'll ruin everything! One wonders what these clowns are smoking (and whether, contrary to Dr. Gupta's advice, they might try something a bit more healthful).
- inactive, on 01/09/2009, -4/+26First ... to answer those who ask where where the fiscal conservatives when Bush was creating this mess, I say we were screaming for investigations about the Iraq war and the War On Terror, amongst other things. We supported Ron Paul feverishly, hoping the GOP would see our dollars and our enthusiasm and get back to it's roots. The problem is that most "conservatives" are no such thing. They are wolves in sheep's clothing, duping the easily fooled Christian right with platitudes while hurling the country toward fascist socialism.
Second ... I for one will not be spreading lies about Obama's so-called economic stimulus. I hate it, but not because he's a democrat, or a liberal. I'm not one of Rush Limbaugh's brainwashed dolts. I hate it because quite simply, he's only making the crisis worse. Ultimately, the problem is that we've been living beyond our means, borrowing and printing to finance our empire. Borrowing, printing and spending more money to solve a problem caused by borrowing, printing and spending money is like drinking to cure alcoholism. The cure to our economic crisis is to cut taxes, drastically reduce government spending, get government off the people's backs and start moving back to sound honest money and abolishing the Federal Reserve system. The economic problems we face now are only the tip of the iceberg compared to when the dollar collapses. Historically, horrific things happen when major powers experience currency collapses.
If you're a liberal who cares about peace, who cares about human rights and civil liberties, you must question a monetary system that depends on government force to enforce it's value, and a political and economic system that profits by lending government paper-backed paper money, at interest to finance agencies that destroy freedom, and wars that destroy life. - Mytbouf21, on 01/09/2009, -17/+38You guys are amazing. I know this will be dugg down so fast after this, but its you're fault. The liberals fault. The biggest thing most liberals can't seem to understand is that this isnt about democrat or republican. They are one of a kind. Neither of them in this political game have a leg to stand on anymore, at least with what they believe in. Neither of them understand their party and neither of them know what the hell they are trying to do to better America. And thats the problem. There is not more than 5-10 actual GOOD, HONEST, TRUSTWORTHY individuals in the Congress, Senate, or House that is willing to stop this madness and make a difference. Must of digg is liberal, unbeknowst to most of you, you are idiots. Only willing to see one side, if its republican or came out of a conservative it is automatically bad, and if it came from a democrat it must be good. and i just can't stand it. Do you guys even understand monetary policy, understand how the ferderal reserve works, how the legal system is and the tricks that are played in it, how much double standardness there is in America? Honestly. Do yourself and everyone in this country a favor and read. And read as much as you can. For the idiot who said Bush is a fiscal conservative, you and I can read what is ballot said in 00 and 04 but read between the lines. He is most definitely not that. He is one of the biggest contributors to the liberal arts than any other president. And please stop with this ***** that he caused this housing crisis and economic downfall. Give me a break. It take a lot more than one person and policy to cause that. You can thank Bernanke, Fanny Mae and Freddy Mac, Wall Street and all the big players in the economic world that caused this. This has been a long time coming. And for someone after to me say that the great years were clinton, dont even start. I cant think of many things that can say otherwise and also HE didnt do ANYTHING for those years. And you can thank the appointed federal reserve chairman at the time for issues we face today. But if you want something good to see, go to youtube and watch any video with ron paul or peter schiff. Ron paul for is knowledge to know we would have a downturn a decade before it happened, and schiff for knowing 2 years that a housing bubble was going to happen. THINK ABOUT IT.
- inactive, on 01/09/2009, -8/+29The conservative base in the GOP has always condemned these actions. Don't confuse the true conservatives, the remnants of the true republican party, with those actually running the show in the GOP. The "neocons" and the conservatives are two distinctly different groups, but the conservatives are a huge minority anymore. I wish they would break away and form a third party or join one of the existing "third" parties to make their base stronger. Biggest reason why I became a libertarian over four years ago....
- jasonalangraves, on 01/09/2009, -2/+22Ladies and gentlemen, save as much money as you can. Pay off all of your existing debt! Help and be human to your fellow neighbor because we will all need to pull together to get through this catastrophe. I posted this comment before, so I will recycle it for the time being.
If you are one of the people that took out a mortgage you knew you couldn't afford, or didn't understand the principle of the adjustable rate mortgage, you deserve to lose your house. There is not, and has never been any shame in renting an affordable apartment. If you can't afford a mortgage, you rent, and while you are renting, you SAVE until you have 20% as down payment for a home you like, plus 12X your monthly income and expenses.
If you are a banker who approved a loan for somebody your existing risk models told you they couldn't afford, you deserve to lose your job.
This recession won't be pretty. And actually, it's not going to be a recession for much longer, but rather a depression. People are up to their eyeballs in debt, much or most of it built up, along with this phony decade of prosperity, because of that debt.
A decade of prosperity based, by and large on debt, consumer and government, and not real production and saving, will take at least a decade to unwind. Unfortunately, now that the government is committing so much money to solve this problem, and thus to try to re-inflate the economy, with yet more debt, the problem only grows far worse.
The problem is that over the last 10 years, people were buying so much *****, and with money that wasn't earned, but rather taken from equity in the home, or credit cards, etc., that the economy grew, thrived on all of this debt and credit money that really didn't exist at all. Enter 2007, mortgage rates rise or reset, and instantaneously, a huge chunk of the population "discovered" they could no longer afford their payments. The decompression begins. This deflationary spiral is necessary. The free market simply needs to reset itself, and the only way for the free market to find the balance where it should be at, is to let it work it's course, without government intervention. All of these banks that got bailouts should have failed. The free market was screaming loud and clear that it needed to purge all of the mal-investment of the past decade.
Lack of credit is exactly what NEEDS to happen. People need to save, and pay off all all of their debts they created during the boom. The government shouldn't be cutting interest rates, they should be increasing them to encourage people to save their money and not spend it like a kid in a candyshop. Stating that though, I do think government, at this point, should directly refinance all of these mortgages, and with zero or minuscule interest because there can be no winners when so many people face the prospect of losing their home. Direct government refinancing also recapitalizes banks because they will at least get back the principal plus some of that interest.
Letting these banks fail would have been painful for all of us, extremely painful, but, far less painful than what is to come. We have not seen ***** yet. The worst is yet to come, and it will be far, far worse than the stories you heard from your Grandfather and Great Grandfather about the depression.
Unemployment is hitting 25%, at least, sometime between now and June of 2010. If we are lucky, unemployment will not jump close to 40%. Lucky because let's hope when unemployment hit's 25%, the government will realize it just needs to let the free market take it's course and not exacerbate the problem by creating more debt. It's debt which inflated the economy up into this giant unsustainable monster to begin with, and it's this financial crisis, aka, the free market, telling us that the economy was not based upon sound money, but debt. Though the Dollar is paradoxically, debt, it doesn't mean that the economy can thrive based upon it.
I doubt that the government will even be able to raise another 800 billion to 1 trillion Dollars. Who is going to monetize it? Countries around the world are all, at the same moment, trying to raise capital by selling bonds. At some point, there will not be any buyers with extra cash left to buy all of this government debt. The Chinese most likely are not going to do it anymore. They have their own economic problems now. The Japanese, maybe, but they are in the same boat as us. It leaves Russia and Saudi Arabia.
So don't go start giving each other hand-jobs just yet, if that stimulus cash can't be monetized in some way or another, it isn't going to come. Secondly, even if the federal reserve / treasury manage to come up with an extra trillion in such a short period of time, expect that you'll be pay $100 for a loaf of bread, because hyperinflation is coming, and it's coming with a vengeance.
Buy gold, buy silver, buy platinum, to protect against inflation, and maybe actually, buy guns and ammo. This ***** could get straight medievil in a big ***** way.
One last note, actually, now that I think about it, if unemployment hits 35%, just stop paying your debt because that is already the point of no return, the economy is ***** beyond that, so paying debt will be just a waste, and won't help or hurt. - Xamfear, on 01/09/2009, -3/+23The real myth here is that you can spend your way to prosperity.
- inactive, on 01/08/2009, -10/+29Well, two things. First, most progress on cleaning things up over the last two years has been hampered by the fact that Democrats barely had control of the Senate, and Bush was still in the White House.
Second, she is correct that the large-scale government projects (i.e. Iraq, the only real large-scale government "investment" project under Bush that comes to mind, although the post-Katrina rebuilding has been a mess too) under the Republicans have been a disaster, and I think the phrase "orgy of waste, fraud and abuse" is pretty much the best way to put it when talking about what the Republicans did in Iraq with all of our money.
I think in the next 4-8 years we'll get to see first hand what it is like to have a competent government, one that isn't being guided like a pack mule ATM by corporate America. - tuckerleary, on 01/09/2009, -4/+23"6. Large-scale government investment would inevitably turn into an orgy of waste, fraud and abuse.
True—but only if we let conservatives run the show. "
that quote ruined the article for me. i voted for obama and i still say that's partisan *****. seriously, abuse of power is UNIVERSAL. it doesn't matter what ***** party anyone is from, it's a matter of morality and there have been and still are plenty of corrupt liberal politicians. - thcobbs, on 01/09/2009, -6/+241.) article first starts out with fear mongering... "Do this or there will be trouble"
2.) It continues on this track with a slippery slope argument that "If you don't do this... then this will happen, and then this... and omg, THIS!
3.) While there is a point to this... using inductive logic is bad...
4.) Ok, I'll concede this point... even though I really don't like it.
5.) Granted that's true on personal income taxes and such... but what about capital gains taxes? Those have a history of increasing revenue as they go down:http://www.cbo.gov/doc.cfm?index=3856&type=0
6.) While emotionally I believe this, we wouldn't have the interstate system, the TVA hydro-electric system... hell even the hoover damn wouldn't exist. So, it definitely a valid point.
7.) Valid point.... however, look at the people who have lost jobs. Most are looking to replace their previous income and are not in the "get any job you can" mode that massive works projects like these require. Also, now would be a good time to tap that jobless pool for people who have been out of work for more than a year.
8.) True... all the states are in it together... but what about states that have CONSISTENTLY over-estimated and over spent? (I'm looking at you California).
9.) Ok, I'm not even going to read this argument when it starts out with ad hominin attacks.
10.) I agree that the initial idea is NOT politically motivated... but just like the conservatives have been hammering liberals with "Don't you support the troops?", a very similar strategy will emerge in the Democratic camp.
And for the record.... it seems odd that the main article written to refute these charges is done on a Pro-Obama site and riddled with ad hominin attacks, and insults.
Want to change people's minds? Speak to them like they have one. - twinklyJesus, on 01/09/2009, -3/+20THe biggest myth is that Republicans caused all the spending, Most of the pork comes from both parties. Plus, seldom if ever are Republicans overwhelmingly dominant in Congress. It takes a majority to pass spending bills, so SOMEONE is fudging here.
Democrats are and always have been equally, if not more responsible for spending than Republicans. It's the nature of Socialism versus Republicanism.
The Dems are just really good at farting and blaming it immediately on someone else. - inactive, on 01/09/2009, -9/+261. It is.
2. We shouldn't be doing this or any "pet" projects right now, or ever.
3. We shouldn't balance the budget, we need to go further than just a "balance, i.e. the gov needs to start living below its means... that will fix the problem and the rest will take care of itself. How's 800b tacked on going to help?
4. We shouldn't do anything tax wise except simplify the tax code. See 3.
5. No they don't. Neither option works. The only thing that does is 3.
6. See 3.
7. See 3.
8. See 3.
9. See 3.
10. See 3. - fmaxwell, on 01/09/2009, -5/+21> The conservative base in the GOP has always condemned these actions.
And they showed that condemnation by voting Bush in for a second term? They expressed their dissatisfaction by reelecting the same GOP Senators and Representatives who supported him?
Did they show their support for Clinton's fiscal conservatism smaller government by voting for him? Did they vote for Gore who promised to continue those fiscally conservative policies?
I'm really tired of the GOP apologists who vote on party lines and then say 'sure, I reelected the guy whose policies are going to destroy us economically, even though he clearly spelled them out during his campaign, but I don't support those policies.' - inactive, on 01/09/2009, -7/+23Yeah, too bad how our government is set up, having control of the bottom half of Congress, barely having control of the top half, and not having control of the executive doesn't mean you really have a whole lot of power, especially not when the Republican minority sets a record for obstruction in those two years (yes, two years, not three).
And why we still care? Because even with control of two branches of government, the Republicans still have enough members in the Senate to filibuster the hell out of anything they don't like, and they obviously aren't afraid to do that, even if it means playing politics with the future of the country.
That's why we care. - brophmasterfunk, on 01/09/2009, -5/+21I agree that the economy is in shambles and something drastic needs to be done. And I also agree with several points in this article. But this is one of the most biased articles I've ever read:
"6. Large-scale government investment would inevitably turn into an orgy of waste, fraud and abuse.
True—but only if we let conservatives run the show."
It's the government. No matter who is in power, there is going to be "an orgy of waste, fraud and abuse." Just because a politician says they're a Democrat doesn't make them immune to corruption. We need to maintain a strong system of checks and balances. In my opinion, Congress should always be controlled by the party opposite that of the President, along with a Supreme Court that is as un-biased as can be attained. That is the most sure-fire way to avoid corruption.
If history has told us anything, it's that whatever party is in power, corruption will leak in. The Democrats look good because things went to ***** with the Republicans in power. But after WW2, it was the other way around. The Democrats were seen as evil.
And a side note...
This financial crisis was a result of the majority of Americans taking advantage of the "spend-spend-spend" attitude we've held in this country for so long. Individuals have been irresponible. Never underestimate the power of idiots in large groups. What we need to ensure future financial stability is personal financial education for every American, stressing the importance of budgeting, saving, and overall personal responsiblity.
The government should exist to provide a hand up...not a hand out. - inactive, on 01/09/2009, -2/+18My congressman voted both times against the 700 billion bailout when every other politician from my state voted for it....he is also the only politician that ever wrote back to me, I mean truly wrote back to me, no form letter etc... guess who got re-elected? There are still some good fiscally conservative and rational republicans out their, but they are constantly drowned out by their own party. The GOP is not run by true republicans and hasn't been for a while now....
- DeskFlyer, on 01/09/2009, -4/+19"Total and complete failure in the understanding of the basics of this economy."
I strongly disagree. They clearly understood the fundamentals of how our economy works and blatantly exploited every single shortfall and loophole that exists to its full potential for their own and their friends' personal benefit, and also to satisfy the needs and wants of their masters, of whom bought and paid for this country a long time ago. The elite aren't stupid; they are simply corrupt and frighteningly clever, which makes you think that it is unbelievable that they (the last administration) could have possibly made the seemingly asinine decisions they did over the past 8 years, when it was their plan all along. - ThsGuyRightHere, on 01/09/2009, -3/+18I agree with most of the points in the article but I'd advise against laying blame at the feet of "conservatives". A minority of conservatives duped the majority as well as many liberals and moderates over the last eight years.
- biotch, on 01/09/2009, -3/+16Making a tax code more progressive does not send anyone back to the middle class. Taxes paid on the lower income portion are at the same rate for everyone. Higher rates are only paid on money made beyond that lower income level.
Obama's tax plan is closely related to Clinton's but with some lower tax brackets on the lower income levels. The rich will be paying the same taxes they paid during the largest and longest economic expansion in US history during the 90s.
Do YOU remember what it was like in the 90s? - nmessick, on 01/09/2009, -6/+19that is a disgusting article. It would take pages upon pages to explain why they are so wrong. That's just not left leaning, its fallen right off the west coast.
- Juice7, on 01/09/2009, -4/+17Quality? Do you have any idea what you're talking about? It may improve our standard of living now, but we're going to be paying for it with a lower standard of living for decades, with interest. You can't solve a problem brought on by borrowing money by borrowing more money. We're either going to have to face the hard times that we've brought on ourselves or inflate the dollar until it collapses. I voted for Obama, but I can admit this is only going to make the situation much worse in the long run.
- Batfishy, on 01/08/2009, -48/+61Good article with excellent points.
(Let's just see if the people who need to read it, do) - muckemuck, on 01/09/2009, -6/+19Read some history and you'll find that the socialist efforts of the 20's and 30's DID NOT get us out of the Great Depression. They prolonged it. Get ready to buckle up for about 10 years people.
- Falldog, on 01/09/2009, -0/+12Here I was, hoping that the article ended in some sort of explosion.
- ThsGuyRightHere, on 01/09/2009, -10/+22I'm sure you'll feel that way when you get laid off.
- Alheithinn, on 01/08/2009, -11/+23All right. You don't have to participate.
- colorme, on 01/09/2009, -3/+15They were probably doing the same thing that every other eligible person in the nation did--they were accepting their tax breaks and stimulus checks. Did you tear up your stimulus check or refuse to accept tax breaks on principle? Or maybe you were just going to wait until the war ended to cash your check, homercles337?
I'm not here to say that you didn't shred your stimulus check or refuse a tax break, but I strongly doubt the average American's willingness to refuse free money. - arvvvs, on 01/09/2009, -4/+16Although this package will do a lot for our REALLY crappy infrastructure, along with the Energy problem, and education. And to a conservative who asks why soo much money is being spent tell them better spend a billions here than trillions in Iraq.
- inactive, on 01/09/2009, -11/+23Socialist propaganda.
- superkendall, on 01/09/2009, -4/+16We couldn't afford that either, but why should we double down on our mistakes like a drunken 3AM binge in Vegas.
- kreatre2007, on 01/09/2009, -4/+15A great man once said: "In this present crisis, government is not the solution to our problem; government is the problem. From time to time we've been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people. Well, if no one among us is capable of governing himself, then who among us has the capacity to govern someone else? All of us together, in and out of government, must bear the burden. The solutions we seek must be equitable, with no one group singled out to pay a higher price."
- inactive, on 01/09/2009, -3/+14About the author:
BERNIE HORN has worked on real-world politics and public policy for the past 30 years as a lawyer, legislative assistant, lobbyist, political consultant and policy director. For the past six years he has been the Senior Director for Policy and Communication at the Center for Policy Alternatives (CPA), a progressive think tank in Washington, D.C. His latest CPA publications are the Progressive Platform for the States 2006, a 272-page candidate briefing book covering 115 state issues, the Progressive Agenda for the States 2006, a 300-page book that lays out 50 of the most innovative solutions being debated and enacted in the states, and Progressive Policy Models for the States 2006, a 298-page handbook containing 123 model bills.
From 1990 to 2000, Horn was President of Strategic Campaign Initiatives, Inc. (SCI), a political consulting firm that helped elect and reelect hundreds of federal, state and local officials. SCI also helped win issue advocacy campaigns for gun control, tobacco taxes, and health care, and against casino gambling and restrictions on abortion. SCI’s primary business was creating direct persuasion mail for progressive candidates. The firm also produced radio ads, sold voter lists, and conducted polls.
Between 1988 and 1994, he served as Federal & State Legislative Director, Legislative Counsel, State Legislative Director, and Director of Strategic Planning and Policy for Handgun Control, Inc. (now called the Brady Campaign). He served as one of the chief lobbyists for the Brady Bill, drafted and lobbied for the federal ban on semiautomatic assault weapons, and conceived the federal ban on handgun sales to minors. He has also served as campaign manager and issues director for two congressional campaigns. He lives in Washington, DC.
I don't trust him, do you? - booksnmore4you, on 01/09/2009, -3/+13You need to read news more.
http://www.timesonline.co.uk/tol/news/world/us_and ...
FTA
Barack Obama announced yesterday that he was appointing America’s first chief performance officer to scour budgets “line by line”, only minutes after the publication of official projections showing that this year’s federal deficit is expected to hit a record $1.2 trillion.
The President-elect said that he had chosen Nancy Killefer, a director of the McKinsey management consultancy firm and a former Treasury official under Bill Clinton, for a role that he described as one of the most important in his administration. The President-elect suggested that paring down America’s burgeoning pension and healthcare costs would be “a central part” of his effort to control federal spending.
/FTA - sloppychris, on 01/09/2009, -3/+13I don't think that author could fit more ad hominem attacks in one article if he had a crowbar. Yikes.
- rexblade, on 01/09/2009, -0/+10There is no fiat based monetary system that survived. The hyperinflation will probably be so ridiculous the people will probably beg for full on nanny state implementation.
Is it just me or didn't it seem like this latest Obama speech was almost exactly like the one Bush gave a few months ago? Which (as demonstrated on the daily show) was almost exactly the same speech Bush used to sell the Iraq war. "Failure to act quickly would ensure another attack on America" or some *****.
I thought we wanted change? And what happened to the whole peace thing they sold you guys on? - theaceoffire, on 01/09/2009, -5/+15The war is one of our mistakes, and we are paying for it.
Investing in America is never a Mistake. - chibibonsai, on 01/09/2009, -3/+12Seriously, go and watch some Peter Schiff.
Unless logic has changed and I didn't get the memo, last I checked you didn't get out of debt by taking on more debt. - rexblade, on 01/09/2009, -2/+11I seem to remember Obama urging the senate pass the first bailout just like George W said to do. And then bragging about it totally ignoring his constituents by the way.
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