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New Obama plans: 'spend our way out' of downturn

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Spideynw Posted: Tue, Dec 8 2009 12:05 PM

http://news.yahoo.com/s/ap/20091208/ap_on_bi_ge/us_obama_jobs

"WASHINGTON – President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work..."

What a complete fucking idiot.

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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Wanderer replied on Tue, Dec 8 2009 12:07 PM

It worked in Weimar Germany, didn't it? Stick out tongue

Periodically the tree of liberty must be watered with the blood of tyrants and patriots.

Thomas Jefferson

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Just be glad that you're not in Spain.  There have been calls to change to a completely planned economy by several former-UGT (Communist syndicate) members in the government.

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bloomj31 replied on Tue, Dec 8 2009 12:16 PM

Wanderer:

It worked in Weimar Germany, didn't it? Stick out tongue

I'm gonna need to buy a wheelbarrow now so I'll have some way of getting to the grocery store with all the dollars I'm gonna need to buy a loaf of bread lol.

Barack Obama, stimulating wheelbarrow sales nationwide!

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Wanderer replied on Tue, Dec 8 2009 12:19 PM

Jonathan M. F. Catalán:

Just be glad that you're not in Spain.  There have been calls to change to a completely planned economy by several former-UGT (Communist syndicate) members in the government.

Spain is now effectively a state of the EU now, thanks to Lisbon.

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Wanderer:

Spain is now effectively a state of the EU now, thanks to Lisbon.

With the threat of financial collapse in Spain, Greece and Ireland, I'm not sure how long the EU will last.

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Kakugo replied on Tue, Dec 8 2009 12:32 PM

It's more or less what's been going on all over the world: I think every country now has a "stimulus bill" involving cars, refrigerators, washing machines and other "expensive" goods. Not to mention all the rest. John Keynes used to say that when the private sector refuses to spend the State must step in no matter how much deficit it has to run... there you have it! And to think Hayek said he wouldn't write anything to confute Keynes' theories since nobody would be so foolish to put them into practice. Hmm

What's worrying me right now are not the "stimulus bill" itself but the "shop till you drop" mentality governments are cultivating all over the world. No need to save (and often no point since interest rates are so low as to be a complete rip off), the only way forward is spend, spend, spend. And people are only too happy to oblige since we are in the shiny things season. What was the definition of stupidity again? "Doing exactly the same thing but expecting different results"?

Together we go unsung... together we go down with our people
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Wanderer replied on Tue, Dec 8 2009 12:46 PM

Jonathan M. F. Catalán:

Wanderer:

Spain is now effectively a state of the EU now, thanks to Lisbon.

With the threat of financial collapse in Spain, Greece and Ireland, I'm not sure how long the EU will last.

We can only pray that it falls apart.  If anything's worse than national government, it's international government.

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Sieben replied on Tue, Dec 8 2009 12:49 PM

I thought Obama was a misesian now...

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Wanderer replied on Tue, Dec 8 2009 12:58 PM

If fucking only...

If he started privatizing shit, getting rid of departments, restored federalism, moved us back to a commodity-backed currency, abolished the fed, withdrew us from many international organizations, and ended our age of perpetual war, then I would call him such...

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Snowflake:

I thought Obama was a misesian now...

Haha!  Hahahahahaha!  Hahahahahahahahahahahahaha!  Cry!

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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Spideynw:

http://news.yahoo.com/s/ap/20091208/ap_on_bi_ge/us_obama_jobs

"WASHINGTON – President Barack Obama  outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work..."

What a complete fucking idiot.

Is that a typo? How many billions or trillions are we talking about?

 

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Giant_Joe:
Is that a typo? How many billions or trillions are we talking about?

As far as I can tell, infinity is the limit.

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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At least he has the courtesy of bringing the impending collapse sooner rather that later. The sooner it starts, the sooner it'll be over.

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Spideynw:

http://news.yahoo.com/s/ap/20091208/ap_on_bi_ge/us_obama_jobs

"WASHINGTON – President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work..."

Thanks for the head up Spidey; I posted about this on the Mises blog.

"the obligation to justice is founded entirely on the interests of society, which require mutual abstinence from property" -David Hume
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They just reported yesterday that some of the banks loaned by the TARP was paid back - about $200 Billion.

That was some of the so-called profit tax payers were promised as part of the TARP legislation.

Looks like Obama wasted no time in spending that money - oops, I mean spending that I.O.U.

Obama is just following Hilter's script for obtaining absolute power.  Be all things to everyone, keep your plans vague, consolidate power by being the planner to fix only the current crisis, and ensure the fix to the current crisis creates opportunities for more extensive crises down the road.  American laws are such that Obama doesn't need the use of firing squads to implement his actions - he just needs a gullible electorate and a willing accomplice in the media.

Year One: quadruple the national deficit, over 30 czars added, over 100 new federal departments added, a good portion of labor and wealth transferred from the private sector to the state, means set forth to regulate every aspect of the American people's lives, establishment of a political power structure where a minority of the people support the majority and that majority is dependent on the federal government.  Since this approach is unsustainable, Obama is going to need a war or two to keep the wheels greased.  I won't go as far as say that he plans to exterminate the conservatives and libertarians, but it's happened before at the hands other socialists.

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DD5 replied on Tue, Dec 8 2009 3:27 PM

Jonathan M. F. Catalán:

Wanderer:

Spain is now effectively a state of the EU now, thanks to Lisbon.

With the threat of financial collapse in Spain, Greece and Ireland, I'm not sure how long the EU will last.

 

Why don't we all just admit that the only thing that can save us from "cap & trade", "universal healthcare", etc.... is for EU and the USA to collapse.  I mean, can you imagine trying, by means of education and politics, to reverse this nonsense step by step?  The sun will explode by then.

I call for the complete collapse of the system.  It is criminal so a collapse is desirable.  The sooner the better.

And if a collapse brings a more totalitarian regime to power, then let it be.  At least these socialists won't be taking their blackberry for granted anymore.

 

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J. Grayson Lilburne:

Spideynw:

http://news.yahoo.com/s/ap/20091208/ap_on_bi_ge/us_obama_jobs

"WASHINGTON – President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work..."

Thanks for the head up Spidey; I posted about this on the Mises blog.

Awesome!

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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