Okay… Barack’s first speech since the election, and it is about how we’re going to use the government to spend our way out of the recession. The government is going to spend a TRILLION dollars on stupid projects, and somehow that is going to make everything better.
If anybody thinks this is a good idea, I’m guessing that you didn’t major in Economics or Accounting. This is bad. This is dumb. It was bad and dumb when George Bush did it, and now doing it with even more money isn’t going to work. It didn’t work when FDR did it either, despite the propaganda that you got spoonfed in high school history. That money is being taken from somewhere, and that somewhere is like the .gov is putting it on some massive credit card that our kids and grandkids are going to get to pay until they die.
The last time the government went this far out on a limb was to fight the biggest war in history to develop the greatest war machine of all time and to harness the atom, with the very path of mankind at stake, and this time it is because we’re experiencing minor discomfort primarily caused by news propaganda and 7% unemployment. As much as the democrats like to bitch about Ronald Reagan’s massive deficit spending, he was at like 8% of the GDP, and we’re going to move that to 11% or 12%. Ronnie was only trying to win the Cold War, you know, the one where evil communists were prepared to clense us from the face of the world with nuclear fire. This times is more important because we need the government to spend that much money so stupid people who couldn’t afford houses in the first place get to keep their houses, and American automakers can make substandard cars.
For all of you that voted for Hope and Change, get ready, because here it comes. Your change is going to be to socialism, only with a new frilly wrapper. The hope comes in where people like me hope and pray that the idiots in charge don’t try to make a bad situation better and end up destroying the US in the process.
And you might come back and say that it isn’t socialism. Really? I’d love to hear how. And when you can’t tell me how this diverges from the fundamental philosophy of Karl Marx, you can tell me that “But… but, George Bush sucked too!” Yes! I know. George Bush sucked, no kidding. John McCain was an idiot. Thanks, let’s move on to something that won’t destroy America now.
Things like this make me so glad that I’m in my early twenties, and therefore I get to be among the ones to pay this off as the boomers retire.
What is really insane about this number: If the number of unemployed equalled 10% of the US population, it would give each one of them over $33,000 each. And, just giving each one the money would make as much sense.
See, Larry? Nick is a Patriot for being glad to pay his taxes.
It’s possible that the government’s economic statistics are, let’s say, misleading. Or they could be an out-and-out lie.
It could be that unemployment is actually either 13% (BLS broadest) or 17% (shadowstats.com). You may want to use those numbers if you want to compare these times to any times before the mid 70’s, which, if I recall, is about when the government got in the habit of cooking its unemployment numbers.
One might be skeptical of the deficit as a percentage of GDP as well, because if the GDP is artificially inflated, then the deficit as a percentage of GDP will be artificially low. Is the GDP artificially inflated? Some think so. There are some strange things included in productivity.
For an essay about about cooked government stats, see http://www.chrismartenson.com/crashcourse/chapter-16-fuzzy-numbers
For one man’s attempt to uncook the stats, see http://shadowstats.com
No kidding on the substandard cars. It’s very rare to see a US manufacturer’s cars on the road where I live, and not for lack of marketing. The build quality’s just laughable compared to what you can get for the same price from Germany or even Japan.
Anyone who didn’t see Barack as a socialist during the election is going to have a rude awakening, though in retrospect I don’t know if there was one single president ever elected that didn’t give americans that same pause.
I have been labled as cheep in the past, but being in my mid 20’s I’m really pleased I was, I’m now the only one of my friends not facing a foreclosure. People as well as governments should learn to live with in their means.
Larry, Larry, Larry. You just don’t get it.
The fact that people have to “pay” for things, even things they really totally need, like food and medicine, is both immoral and unfair. Because in order to “pay” for things, you have to have “money”, and to get money, you often have to do “work”.
This is even MORE unfair. Some people are better workers than others. Some are smarter than others. Some are more talented than others. And there are only so many “jobs” to go around. So in the end, some people make a lot more money than others, and some don’t have jobs at all, so they can’t get money, so they can’t buy things they need.
This, again, is unfair. But don’t worry, everybody! With enough government policy and spending, we can correct all of these wrongs and make life FAIR.
Also, there’ll be unicorns.
Sheer genius Larry. Exactly.
Nope … the next generation ain’t going to pay for squat.
They will do what workers in Soviet Russia did … if the State pretends to pay them, they will pretend to work.
And all the boomers will find that those pension funds are in Zimbabwe dollars …
I would suggest buying a $1000 face value bag of junk silver US coins instead, and using it to ballast your gunsafe.