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The Dismal Economic Outlook For The New Year

January 10, 2012 by  

The Dismal Economic Outlook For The New Year

Jobs offshoring, financial deregulation and 10 years of wars have severely damaged the U.S. economy and the economic prospects of 90 percent of the American population. The signs are everywhere in front of our eyes. They are in the income distribution data, the BLS jobs data, the Census data, the poverty figures, and the high number of food stamp recipients.

The signs are in the foreclosed and boarded up homes and the accompanying homelessness. They are in closed strip malls, in office building, warehouse and shopping mall vacancies, and in the huge population losses of America’s manufacturing cities.

The New Economy was a hoax, like Saddam Hussein’s “weapons of mass destruction” and the “War on Terror.” Americans were deceived by “their” corrupt government, by greed-driven corporations, and by corporate shills among economists and the pundit class into believing that they were trading middle class “dirty fingernail” jobs in manufacturing for better middle class “clean fingernail” high-tech service jobs. Instead, reasonably paid manufacturing and professional skill jobs, such as software engineering and information technology, were traded for lowly paid jobs as waitresses and bartenders and for jobs in ambulatory health care.

Consequently, real median U.S. income fell for the vast majority of the population. To keep consumers spending when they had no raises, the Federal Reserve used low interest rates to create a real estate and credit bubble. The low interest rates drove up housing prices, and Americans refinanced their mortgages and spent the equity in their homes. Americans maxed out credit cards. The rise in consumer indebtedness kept consumer demand growing and the economy afloat.

But there is a limit to how far debt can outpace income, and the bubble burst. And when it burst the financial fraud that had been hidden in the euphoria was revealed. That set off the financial crisis.

As the U.S. government is controlled by financial and armaments interests and not by the people, the government responded to the financial crisis by shoveling more debt and more hardships on the American people in order that financial interests did not have to pay for their own mistakes and crimes. Instead of blaming the responsible parties, “our” government handed the bill to the American people.

An important part of the bill is the huge number of new dollars being created in order to keep “banks too big to fail” afloat and in order to finance the Federal government’s enormous budget deficit from its illegal wars. Sooner or later, the proliferation of dollars will cost the American people sharply higher prices.

We will return to the dollar crisis later in this column. First, let’s look at what the loss of manufacturing and manufacturing related jobs have done to the economy and the prospects of U.S. citizens.

In the first decade of the 21st century, Detroit, lost 25 percent of its population. Gary, Ind., lost 22 percent. Flint, Mich., lost 18 percent. Cleveland lost 17 percent. In St. Louis, 19 percent of the housing is vacant. These population losses were not the result of the Black Plague or killer viruses or a nuclear attack. They were the result of corporate CEOs, pushed by their own greed, by the greed of Wall Street and that of large retailers such as Walmart, aided and abetted by “our” government, into moving millions of manufacturing, software engineering, information technology, engineering, research, development and design jobs offshore.

The process of moving American jobs offshore left cities, counties and States with shrunken tax bases. The resulting State and local budget deficits are being used to dismantle public sector unions and to cut social services. Public assets, such as water companies, and future income streams from parking meters, toll roads and bridges, are being sold off to foreign buyers in order to insure another year of local and State government solvency.

In the first decade of the 21st century, Americans lost 5,500,000 manufacturing jobs. U.S. employment in the manufacture of computer and electronic products fell by 40 percent; in the production of machinery by 30 percent, in motor vehicles and parts by 44 percent, and in the manufacture of clothing by 66 percent.

In other words, in 10 years the U.S. economy was decimated by jobs offshoring for the sole purpose of higher rewards to capital in the form of multi-million dollar executive bonuses and large shareholder capital gains. A few hedge fund executives were paid a billion dollars in annual remuneration and a couple of dozen of them were paid $500 million in annual compensation. What sense does that make? Huge fortunes paid for one year’s work, not in productive activity but in destroying the financial system and the value of pensions that tens of millions of Americans had worked all their lives to achieve.

While this was happening, “our” government squandered several trillion dollars in Iraq and Afghanistan on wars based on lies and deception. The American people were lied to and deceived, and continue to be, in order that arms industries can enjoy record profits and in order that crazed neoconservative war criminals could pursue their ideology of world hegemony and empire. We were even lied to about U.S. war casualties. As Dennis Loo points out in his book, Globalization and the Demolition of Society (2011), the 4,801 Americans killed in action in Iraq leaves out the 50,000 suicides of veterans and active duty U.S. troops. The truth of the matter is that the casualties of the Iraq war are as high as those of the Vietnam War.

With all income gains redirected to the financial and war sectors, the distribution of income in the U.S. has become, according to the Organization for Economic Co-operation and Development (OECD), the worst of all developed countries. The Central Intelligence Agency—yes, the CIA—concluded that America had achieved not only the worst income distribution of all developed countries, but also a worst income distribution than Iran, Cambodia, Uganda, Nicaragua, Russia, and China.

The economic “recovery” that Washington and the financial press hype is all talk and no reality. The “recovery” is produced by understating the inflation rate, which overstates gross domestic product (GDP) growth, and by dropping the long-term unemployed out of the measurement of unemployment. An economy, the driving engine of which has been moved offshore, cannot recover unless the economy is brought back home, and that requires the repeal of Globalism.

Overstatement is common in order to produce good news, but eventually it catches up with the spinmeisters. Last month the National Association of Realtors reported that it had overstated home sales by 3.5 million. Statistician John Williams (shadowstats.com) reports that the “birth/death” model, which the Bureau of Labor Statistics (BLS) uses to estimate the net effect on jobs data of unreported business closures and new start-ups, overstates the annual number of new jobs during troubled economic times by approximately 1 million jobs annually. Each year, the accumulated monthly overstatements are quietly revised away by BLS.

Similarly, data can be understated in order to hide bad news. The understatement of inflation results from basing the Consumer Price Index (CPI) on substitution rather than on a fixed basket of goods, the traditional method. During the “progressive” Clinton regime, a deceptive change was made to the CPI. If the price of a good rises, for example, sirloin steak, the higher price does not appear in the index. Instead, the CPI assumes that consumers switch from sirloin to a cheaper cut, such as round steak. Thus, the rise in prices is negated by substituting goods that represent a lower standard of living.

By understating inflation, the government has been able to produce a “recovery,” when in fact the positive economic growth number is created by counting inflation or nominal GDP growth as real GDP growth. Williams says that when inflation is measured in the old way, prior to Clinton, the U.S. has experienced essentially no real GDP growth in the 21st century. In other words, we have had a decade of essentially no growth in the GDP while the presstitutes in the media proclaim “recovery.”

The government’s forecasts of its budget deficits are based on the assumption that an economic recovery is underway. If there is in fact no recovery and the economy is about to worsen, the trillion dollar plus deficits that the government forecasts for as far as the eye can see will be even larger. As more debt creation likely means more money creation by the Federal Reserve, the future purchasing power of the U.S. dollar appears to be dismal.

The Federal government’s reckless issuance of debt in order to finance its hegemonic wars and the Federal Reserve’s misuse of its authority to create $16.1 trillion in secret loans to U.S. and European banks (as revealed by the GAO audit of the Fed) have created an enormous number of new dollars. In addition, financial deregulation has resulted in banks creating paper claims on real assets that far exceed the value of the underlying real assets. This is an untenable situation. How is it likely to be resolved?

This is a two-part question: there is the banks’ debt and there is the Federal government’s debt. Both are serious problems.

Mortgage-backed derivatives exceed the value of the homes, and Credit Default Swaps and other financial innovations have resulted in the paper claims on assets exceeding the value of the underlying real assets. Consider Credit Default Swaps, a form of unreserved “insurance.” Investors, really speculators, do not have to own a Greek government bond or a mortgage-backed derivative in order to purchase a “swap” that insures its value. Thus, the total value of swaps issued on Greek bonds, for example, can far exceed the total value of Greek bonds. The value of swaps issued on mortgage-backed securities can exceed the total value of mortgaged real estate.

Financial institutions, such as U.S. banks that sold “swaps” on Greek bonds, were gambling that Greece would be bailed out and would not default. The financial institutions regarded as gravy the fees paid to them for “guarantees” on which they cannot make good. I don’t know the extent of swaps on sovereign debt, but I recently saw a report that Bank of America alone has sold $2.1 trillion in swaps on sovereign debt. Imagine the crisis if Bank of America had to pay off these swaps.

Obviously, if European sovereign debt blows up, the U.S. financial crisis will become deeper.

The GAO audit of the Federal Reserve showed that the Fed made secret loans to banks of $16.1 trillion between December 2007 and June 2010. To put that figure in perspective, it is larger than the U.S. GDP and larger than the U.S. public debt. In other words, it took a tremendous amount of new money to keep the financial system from collapsing. Despite this huge sum pumped into the banking system, the banks are still regarded as weak and troubled. The insecurity of bank depositors is reflected in the one basis point interest rate on Treasury bill money funds. Many Americans are willing to receive a negative interest rate in order to have their money in instruments that can be paid off with newly created money.

When the paper claims on assets exceed the value of the underlying assets, one solution could be slow write downs of bad paper over time as the banks’ profits permit. This would require suspending the mark-to-market rule and permitting the banks to remain “solvent” by counting bad assets as good until profits permitted write-downs.

This would be a sensible solution if the banks have profitable prospects. But with consumers too indebted and broke to borrow and the consumer market too impaired for good sales prospects for businesses, what profitable prospects do banks have? Only those created by the Federal Reserve’s support of the “carry trade,” the ability of financial institutions to borrow from the Federal Reserve at essentially zero interest rates and to put the money in Greek and Italian sovereign debt. This is gambling, otherwise known as “casino banking.”

If reality rules out the solution of gradual write-downs, all that remains is bankruptcy or inflation. The Federal Reserve and the U.S. government have ruled out permitting the banks to fail. That leaves inflation.

Except for a relatively few indexed Treasury bonds, financial instruments are in nominal values. Thus bad debts can be inflated away by driving up the nominal values of the underlying real assets and the nominal values of wages and salaries. It seems that the path that policymakers are taking is to reduce the purchasing power of money in order to drive up nominal asset values so that they exceed the claims against them.

For example, consider a person with a $200,000 mortgage whose home, if he could sell it, is only worth $175,000. This person’s asset is under water. However, if inflation drives up the price of his home to $250,000, the person has gone from a balance sheet $25,000 in the red to one $50,000 in the black. It seems clear that in order to save the financial institutions and itself, the government will sacrifice the purchasing power of the dollar.

Thus, the same solution appears to be in effect for the government’s growing debt. For the moment, the U.S. dollar is benefitting from flight from the euro due to the hyped sovereign debt crisis in Europe. As in the past, a scared financial world takes refuge in the dollar and in U.S. Treasury debt instruments. The main difference between Greece’s indebtedness and America’s is that Greece cannot print euros, but the U.S. can print dollars. Thus, holders of U.S. debt can always get back the nominal dollar value of Treasury debt issues. Of course, the real purchasing power of these printed dollars can be very low.

The dollar as a refuge is a short-run phenomenon. Once the transfer out of euros into dollars has occurred, how does the Treasury sell the next round of bonds to finance trillion dollar deficits? Sooner or later the Federal Reserve will be back to monetizing the new Treasury bond issues. That is, the Federal Reserve will create new money with which to purchase the new Treasury bond issues.

Sooner or later the new money will find its way into the economy and drive up prices, or the continual monetization of new U.S. Treasury debt will cause the world to lose confidence in the dollar. Heavy sales of U.S. dollars in currency markets would drive down the exchange value of the dollar and raise the prices of imports such as energy, manufactured goods and food. Either way, inflation is the result. Indeed, both can occur together, which is the likely result.

Normally, inflation is associated with a booming economy, but as too much of the U.S. economy has been moved offshore, there is little left to boom other than prices. Therefore, the combination of high inflation with high unemployment is a likely fate that awaits Americans.

I cannot predict how long policymakers can hold economic Armageddon at bay with spin, money creation, currency swaps, intervention in gold and silver markets and outright lies. The onset could be sudden and take place this year, but we shouldn’t underestimate the power of spin over a gullible public that trusts “their” government and fervently believes that Muslim terrorists are out to get them and that the demise of the Constitution, the product of a 800 year struggle that produced Anglo-American civil liberty, is worth the price of “safety.”

There is no safety in a police state and a debauched currency. The comfortable world that Americans have known is falling apart at the seams.

–© Paul Craig Roberts

 

Paul Craig Roberts

was Assistant Secretary of the Treasury for Economic Policy and associate editor of The Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His Internet columns have attracted a worldwide following, and can be accessed here.

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  • s c

    That’s a long analysis, Paul. Long, but accurate. And very kind, too. I can’t sugar-coat it. What we have here is a deliberate ‘failure to communicate.’ What we have here is a deliberate failure to LEAD. What we have here is a public shredding of the Constitution, and the would-be dawn of an American workers’ paradise.
    WHERE are the hordes of nose-up-rump lemmings who elected the current wunderkind? What we were supposed to get and what we really got are two different things. What we really have is a cheerleader for Saul Alinsky and every FAILED ism in recorded history.
    To paraphrase the man who threw out Peanuts Carter, “Chairman Obummer, tear down that Big Tent. Burn
    it, bury it, and then get the >*^+ OUT.”

    • Robert Smith

      “Huge fortunes paid for one year’s work, not in productive activity but in destroying the financial system and the value of pensions that tens of millions of Americans had worked all their lives to achieve.”

      Let’s hear it for the 1% that is being so protected by…

      Who?

      Why?

      Rob

      • FreedomFighter

        RSmith you know the answer already: Globalist Elite Banksters

        Some answers are easy to write because the globalists expose themselves with their own words. The Lucys prepare the NWO for there master, whom they say is Lucifer.

        Laus Deo
        Semper Fi

        • Robert Smith

          Then why don’t you prey and make it go away, Freedom?

          If your god is soooooooo powerful this shouldln’t be a problem.

          Meanwhile I’m up for finding those humans in the 1% and holding them responsible. I’m not opposed to jail for many of them.

          Rob

          • Old Henry

            Jail Rob? Then we still get to support them.

          • FreedomFighter

            The book giving a play by play was written 2000 plus years ago, you can reference it yourself: Bible

            Laus Deo
            Semper Fi

          • Robert Smith

            In your gook Jesus took care of the poor.

            He tilted the tables of the money changers.

            Sounds like he’s on the side of the 99%.

            What version do you subscribe to?

            Rob

          • cawmun cents

            Evidently,not the one you voted for.
            Cheers!
            -CC.

          • FreedomFighter

            Not my book Rob, Gods Book.

            The only time Jesus ever became violent is with the money changers in the temple.

            You will find all the answers inside it, if you look.

            Laus Deo
            Semper Fi

          • NC

            Robert, I think maybe Mr. Livingston created Freedom Fighter as comic relief to point out the simplistic approach of the Christian Right to the problems of this country. How hard is it to solve a problem by saying “It’s just God’s will” or “The Devil is doing it.”.

          • DaveH

            You can start with Obama, Robert, then Harry Reid, Nancy Pelosi, John Boehner, …..

          • DaveH

            Plenty of comic relief, NC, is provided by the board Liberals with their Big Government solutions. And when they don’t work, you Liberals think there just must not be enough Big Government solutions, so you advocate more, and more, and more.
            The definition of insanity — repeating the same thing over and over hoping that next time things will be different.

          • Will Larimer

            @ Robert Smith. My God is powerful enough to stop the earth from turning if he wanted. He’s done it. The truth is, a one-world government, set up by global elites and immediately usurped by an instrument of satan called the antichrist is Gods plan and has been for over two thousand years. This is simply a sign of the end of this age. Read the book, think, and prepare for it. Or at least stow the attacks on this decent board.

          • http://google.com Rob Luna

            Rob Smith, It’s departure from God’s word and our deviance from the Ten Commandments that is the reason America is in this State of destruction.

          • Deerinwater

            “RSmith you know the answer already: Globalist Elite Banksters”

            Don’t be confused with “Titles & Labels” as they go by many names, Banksters but one, Mitt Rommey, half of the GOP leadership and select democrats, Wall street traders but another.

            Your article Mr. Paul Craig Roberts, is so very late in coming, these things were so very clear by 1996. Maybe you can find someone to argue with but everyone has a crystal ball by now and I doubt it.

            As slow as everyone seem to be in figuring out that we’ve been sold down river, I believe people have the government that they deserve to have. We deserve no better.

            Tomorrow is a new day, let us try to make the best of it. We could park the whole US Postal fleet in the room we have for improvement. The day for excuses are over.

      • DaveH

        Robert says “Let’s hear it for the 1% that is being so protected by… Who? Why?”
        By YOUR Big Government, Robert, for their Power and Perks, and the Wealth of their Crony Capitalists.
        The solution? Get Government out of our Marketplace.

        • BigBadJohn

          HMMMM
          You seem to forget, when Obama inherited the TARP bail outs, he wanted to limit bonuses to executives of companies that took bailout money – but Republicans blocked it! The argument was that those companies need to retain that same top talent that bankrupted them in the first place. Now there is real crony capitalism…..

          Sorry but the current administration inherited the biggest mess in history – they did not cause it.

          • JeffH

            BBJ, hmmm, you seemed to have missed that in no part of Dave’s comment did he mention the current administration…crony capitalism is just that, crony capitalis and it applies to all of our past & present legislators & administrations.

          • DaveH

            Thank you for pointing that out, Jeff.

          • Pepper

            Both parties work for the same master and that master is NOT us. One only needs to look at the voting records and “where” their political funding came from on both party sides to see “who” they are working for.

          • Flashy

            Heck…the Republicns yelled bloody murder about “endangering the financial system” when Obama put conditions in TARP II that the banks paid it back and couldn’t use TARP funds for acquisitions.

          • Deerinwater

            Flashy, they are breaking with their GOP buddies it seems.

            It’s funny, as to when they decided to fight! Rather then selecting “a side” by the merits of the fight but rather “who’s” fighting is “FINALLY” falling to the wayside. ?????

            Well? ~ I/we could only hope for such practical common sense. At the drop of the hat, stupid rules supreme once again.

          • moonbeam

            BigBadJohn

            “Sorry but the current administration inherited the biggest mess in history – they did not cause it.”

            Sure, and he’s made it a thousand times worse by perpetuating it. This country is now deeper in debt than it ever was. And don’t let the fraudulent jobs picture and statistics fool you. They say 8%. This figure only reflects those who looked for work the past 4 weeks. It is more like 48%- 50% people without jobs and counting. People are STILL losing their jobs and homes as a result of Obama’s ridiculously failed policies…and counting. Sears is banktupt and Pepsico is seriously considering considering the fate of 4,000 workers.

            http://www.moneynews.com/Companies/Pepsi-Job-Pension-Cuts/2012/01/05/id/423101

            Hope you have health insurance. If not, you pay a fine. Can’t pay the fine? You go to Debtor’s Prison. Thanks to Obama the illegal alien, wiping his arse with our Constitution while he arrogantly contaminates the Oval Office with his BS.

          • DaveH

            Some truth about the bank bailouts that you won’t hear from Flashman or his Liberal buds:
            http://www.judicialwatch.org/press-room/press-releases/judicial-watch-forces-release-bank-bailout-documents/

          • Flashy

            Dave…this is news exactly how?

            They met, Treasury and the Fed said “you want the bailout, hand over options for preferred shares so we know what’s going on and if y’all go under, it’s your shareholders taking the hit not us” That memo was no surprise when it came out. That Geitner and Bernanke were involved was also no surprise when it came out about this meeting.

            This is to show what exactly? Obviously Paulsen screwed us and gave out funds as the financial sector teetered on the brink of the Abyss.

            note the sweetheart deal given. Preferred shares…which would be redeemable at market value. Not the amount of monies given by TARP I nor were TARP I funds mandated to be paid back.

          • Deerinwater

            Moonbeam say; “Sure, and he’s made it a thousand times worse by perpetuating it.”

            It’s an easy sell, to offer us “Obama inherited a mess”, that he made it a “1000 times worst” is what you must attempt to prove or at least convince other people to believe. Fox News & Rush have been attempting to sell that “package” since March 5th 2009, some two weeks after 44′s swearing into office.

            What you need to do is Tell us how it was made a 1000 times worse. Otherwise, you have no complaint, you have no argument.

            If things were only twice as worse, the whole world economy would have tanked according “experts” but like you, they too could have been lying and making things up in some feeble attempt to make a “point”.

            Obama has “had” to work with what he had to work with. The job description is “President” not emperor or king. Clumsy like yours sever poorly to everyone.

      • Mark Are

        WHO? The police and many government police agencies.
        WHY? So that “they” can make the complete world their plantation with all of mankind as their slaves.

    • Flashy

      Whoa…this is a totally different article than usual for this site. lays it out as the Progressives have been stating for years. Especpailly the ‘gullible public’ part. I’d go back 30 years, not 10, as to when the attack on middle America began 2001-2009 was when the war was culminating in the heavy blasts at the Average Joe.

      The GOP offers up …well…they offer up the same tired, failed policies of the past ten years. The Dems offer up different, more social and middle class oriented policies…but the premise of the article is true…money is rotting away the power of the voter.

      The GOP primaries are prime examples. It’s no longer the canddidate. It’s a game played by a small number of multi millionaires and Big Corporate interests, and we are but pawns to mold and play with.

      Everyone would like lower taxes. But when it gets to paying the bills, is it not the basic rule these days to stick it to the middle income and leave the subsidies and sweetheart ride of the wealthy alone? It has become blasphemy to suggest the wealthy pay their fair sahre. It’s almost illegal to ask if the wealthy are job creators, where are the jobs. It is denigrated when anyone dares to suggest giving the middle income and the lower incomes a break and some room to breath.

      The problem isn’t too much government, the problem is the directed policies of government. When the GOP can hold up appointments not because they think the perosn appointed i unqualified, but because they don’t like the job they’ll do in protecting the Middle Class from rape by the wealthy and Big Corporate America, and such tactics are cheered by the gullible Right wing voter, one has to step back and ask where the sanity has gone.

      The attacks by the right against the progressives is based on a mistaken belief they hate capitalism The disdain of the Progressives from the Right are based on the belief the Right, especially the Tea party, are robots under the control of the wealthy entrenched elite and are comfortable as slaves.

      They are both wrong.

      There are two types of capitalists. One can be characterized by the Steve jobs, Bill Gates, Warren Buffets to name a few. You do not hear the progressives tearing into them. because they create jobs. They build. They innovate. they look forward using the sum of what they have and use it for betterment..of factories, of technology, of social causes.

      Then you have the other half of capitalism which, if left unchecked, will eventually destroy it. They are the Bain Capitals, the Koch Bros., the Enrons, the financial behemoths. They take advanatge of deregulation, lower taxation, loopholes and writeoffs…to estroy. To buy, make “more efficient” (i.e. cut jobs and hsip them overseas, raid pension funds, use the cash reserves of the company to pay off the debt incurred to buy the company etc), then leave the rubble behind for someone else to worry about as they stuff their pockets with cash and send it overseas or eslewhere to work. They care not for people…they care only for greed. They ignore the social and national responsibility which this system asks in return.

      When Romney states he is a job creator, and no one calls him on it and asks for the proof since all else points just the opposite, when the GOP stands and fights for the continued subsidies for the wealthy and for corporations (including paying almost a third to outsource a job), when the GOP states a slightly higher tax rate on the upper incomes will “kill” investment…and are not asked why investment wasn’t suffering during the Clinton years and the years pre-Reagan…

      Then the writer is proven correct on every occasion…gullible.

      Where do you stand? Which side of capitalism are you for?

      • FreedomFighter

        I stand with Jesus and God allmighty.

        Never would I stand with a govermental system created by a satanist like communism.

        “, the reality is that Karl Marx was a practicing Satanist. The Communist Manifesto that Marx wrote with Engels was simply a copy of the Illuminati Manifesto written in the late 1700’s.”

        I read the book, it ends badly for Lucys and tares.

        Laus Deo
        Semper Fi

        • Old Henry

          Well said FreedomFighter.

          And thank you for saying it.

          • Tom W.

            “Yea doubtless, and I count all things but loss for the excellency of the knowledge of Christ Jesus my Lord; for whom I have suffered the loss of all things, and do count them as dung, that I may win Christ,” Phil. 3:8
            My favorite verse!

        • Mark Are

          The reason the world is in the shape it is in is because of religion. PERIOD. PROVE to me that the bible is the “word of God”. And sorry, you can’t use the BIBLE to “prove” the bible. I was a bible beating Christian Identity adherent for close to 30 years. You can’t get more “radical” than that when it comes to beating the bible. I suggest you use the reason, logic and common sense that was given to you by the creator and read The Age of Reason with that worn out bible of yours.

          • JeffH

            Mark Are, oh I think the sddiction to power and greed trump your religious idea.

          • Mary

            Welcome to the common sense club. It’s pure bigotry what’s going on in the world. Very sad situation. If someone have the time and the average brain to read the book will see that is not God’s word or at least not half. I waked up when I read. II Kings 2: 23,24.

          • Tom W.

            “The preaching of the cross is foolishness to those who are perishing…” I Cor. 1:18

        • http://marcum1@wildblue.net coal miner

          FreedomFighter

          The Illuminati Manifesto

          http://www.benpadiah.com/otherstuff/elib/MKcon/Illuminati_Manifesto.pdf -
          Part Two: The Illuminati Manifesto … materials written by Solomon Tulbure, a noble Master of the Light. … agents (Jesuit priests) to infiltrate the organization, which until the 1700′s was comprised of … later to be known as The Illuminati Order. …

          • FreedomFighter

            Seriously twisted minds put that out to confuse by taking truth, mixed with lies.

            “Noah was pure in his generations (genetic)” will start you out for real truth.

            Laus Deo
            Semper Fi

          • http://marcum1@wildblue.net coal miner

            Another view,

            Timeline of the Rothschild family
            http://www.iamthewitness.com/DarylBradfordSmith_Rothschild.htm – Cached
            It was to be called the Illuminati as this is a Luciferian term which means, keepers of ….. 1848: Karl Marx, an Ashkenazi Jew, publishes, “The Communist Manifesto. … could use the differences in those two so-called ideologies to enable them to …

          • http://marcum1@wildblue.net coal miner

            Take your pick!

            Rothschilds & Rockefellers – Trillionaires Of The World
            http://www.rense.com/general79/tril.htm – Cached
            The Communist Manifesto. … the major Illuminati Banking Dynasties: “Who controls the issuance of money controls …. This is a Brussels-based fund and it is no ordinary fund: it does not trade, it is not listed and it has a totally different purpose. …

          • Peter

            People, everyone is missing the point here. Whether or not there is an illuminati, satanist conspiracy or commie/socialist conspiracy matters not one iota! The simple message of the Cross is that ALL those who simply refuse to accept Jesus Christ as their Lord and Savior are doomed to eternal damnation. They don’t have to be rampant satanists or anything else! Satan doesn’t have to try too hard in modern times. He just has to steer folks away from Jesus by greed and pride. Take those two words to their logical conclusion in terms of the main article here and you will discover the absolute truth of the matter.

          • Tom W.

            Thank you coal miner!!!

      • Robert Smith

        From Flashy: “It has become blasphemy to suggest the wealthy pay their fair sahre.”

        Had enough of “trickle down” voodoo economics yet?

        Rob

        • FreedomFighter

          Cash said it best:

          http://www.youtube.com/watch?v=VEyujOSEexM&ob=av2e

          Laus Deo
          Semper Fi

          • Old Henry

            Good link FF. Ole Johnny had a way about him.

        • Old Henry

          What exactly is a “fair share”?

          I know I have had enough of the socialist tricle-up poverty.

          • Flashy

            So you didn’t enjoy the Clitnon prosperity? Reagan, Bush I, Bush II…those were years of fighting just to make a living. What happened to the good ol’ days eh Henry? hmmmmm….think about that. the days when the economy, social stability, upward mobility, one income families were possible…all those disappeared when the new conservatives conned the populace into Voodoo economics then deregulation then cutting the number of overseers of what little regulatory oversight left.

            when goldwater, Eisenhower, Scoop Jackson, Wayne Morse and the rest are referred to on this site as socialists and not ‘true Conservatives’ … makes one wonder doesn’t it?

          • DaveH

            The Clinton Prosperity? If not for the Republican Congress we would have had Nationalized Healthcare 18 years ago.
            Did Clinton Balance the Budget?
            http://www.cato.org/pub_display.php?pub_id=5656

          • Mark in LA

            Flashy, you lose all perspective with Clinton. The Clinton “prosperity” was due to a bubble that should not have happened. It has been explained to you in the past. Did you like the Bush II “prosperity” from 2002-2005 or do you think that was an illusion? Everything since 1980 has been an illusion. Yes there have been improvements but the hugh transfer of wealth from the middle class to the wealthy that occurred under every President has been well hidden until now.

          • BigBadJohn

            Mark
            “Did you like the Bush II “prosperity” from 2002-2005″.

            Now that was an illusion, it was caused by Bush pushing banks to make risky loans which inflated real estate prices.
            At least where I live the only employment it spurred was of illegal immigrants building houses!

            At least Clinton’s bubble created good paying white collar engineering jobs. Once Bush took office those jobs were sent to India.

          • Old Henry

            Fighting just to make a living under Reagan? That may have been the case as Ronaldus Magnus took the reins from the GA nit-wit, but in less than two years he had the country back on track and on a major up-swing.

            Old man Bush glided into office on Reagan’s coat tails, but managed to screw it up by going along with the DEMOCRAT Congress and raising taxes. That put the brakes on Reagan’s roaring economy.

            Dick-for-brains balanced nothing and given his socialist leanings would have devastated the economy were it not for the changing of the guard in the 1995 Congress. A lot of the “glowing times” in the 90s were pushed by the Y2K anticipation and the resulting technology upgrades.

            Bush 2 inherited a recession from Bubba and got the economy turned around with tax cuts across the board.

            One-income families were made extinct by DEMOCRAT controlled Congress’ tax, tax, tax.. You seem to overlook the fact that Democrats controlled Congress for 40 straight years. Our social structure was undermined by decades of Democrat socialism working to destroy the family unit.

            Bush 2 / Cheney did too much warring, the Republican Congress let them / aided them and they paid the price in 2006 / 2008. The Democrats then paid the price in 2010 and will again this year. We currently have no statesmen anywhere in government other than Ron Paul. Both parties have been co-opted by the banksters and the armament industry.
            Now Flashy, back to the original question, which you did not answer.
            What exactly is a “fair share”?

          • Pepper

            I’ve had enough of “trickle up” and “tinkle down” and I would just like to KEEP what I earn. I’m really tired of playing the Big Business in our Local, state and Federal Government over regulating me and under regulating them game!!!

          • Mark Are

            Ask Romney what a fair share is as he hides his “income” in off shore accounts. Ask GE what a fair share is after they filed last year 57,000 pages of tax return that was 19 feet tall if printed out and paid NOTHING on FOURTEEN BILLION in profits. Ask those who have serial numbered us with “social security numbers” what our fair share is and then you know how much of a slave you are to them.

            And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say goodbye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling in terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand. The Organs (police) would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst; the cursed machine would have ground to a halt!
            –Alexander Solzhenitsyn

            It is in vain, sir, to extenuate the matter. Gentlemen may cry, Peace, Peace– but there is no peace. The war is actually begun! The next gale that sweeps from the north will bring to our ears the clash of resounding arms! Our brethren are already in the field! Why stand we here idle? What is it that gentlemen wish? What would they have? Is LIFE SO DEAR, or PEACE SO SWEET, as to be purchased at the PRICE of CHAINS AND SLAVERY? Forbid it, Almighty God! I know not what course others may take; but as for me, GIVE ME LIBERTY OR GIVE ME DEATH! –Patrick Henry

          • Mark in LA

            BigBadjohn those jobs did not go to Americans under Clinton. He massively expanded the H-1B limits and when the bubble burst tens of thousands of Indians without jobs went home.

            OldHenry – Try doing some real research of Ronaldus Imbecilus Maximus. Try googling Paul Volker and see who put him in as Fed Chairman to stop the inflation created by the Vietnam war. Try goggling Murray Rothbard he has an excellent essay about how lucky Reagan was and unlucky Carter was. You might also ask yourself how rich you would look if you went on a borrowing binge and died before you paid any of it off that was Reagan’s America. Do some real research on what Reagan and his administration did and not one what he said in a speech and ask yourself if you agree with what was done.

          • Tom W.

            I’m gonna buy myself a house in the shade of a freeway
            I’m gonna pack my lunch in the mornin’ and go to work each day
            And when the evening rolls around, I’ll go home and lay my body down
            And when the mornin’ light comes streamin’ in I’ll get up and do it again. Amen.
            From the song “The Pretender” by Jackson Browne

        • DaveH

          Had enough of Trickle Up Poverty, Robert?

      • Robert Smith

        From Flashy: “Then you have the other half of capitalism which, if left unchecked, will eventually destroy it. They are the Bain Capitals, the Koch Bros., the Enrons, the financial behemoths.”

        Check this out: http://www.youtube.com/watch?v=IIUNtHm22-Q

        They lost their jobs Mitt and his cronies made millions.

        Rob

        • Old Henry
        • Ted Crawford

          Robert, I’m curious as to why you wouldn’t include George Soros on your list, given that his financial manipulations have even devastated the economies of smaller nations.

          • Robert Smith

            Do you have any examples or just the usual right wing claims?

            Swiftboating just doesn’t have any credibility anymore.

            Rob

          • FreedomFighter

            Ted this guy Smith is looking like an operative from MediaMatters or similar smear, obfusicator type outfit or wannabe deciple.

            Can you feel the seething hate in his posts?

            Laus Deo
            Semper Fi

          • Ted Crawford

            Robert Smith
            1992, Soros, with $10 Billion breaks the Bank of England, forcing them out of the EURO
            Feburary 8, 2010- New York- Soros and managers from SAC Capital advisors, Greenlight Capital, Brigade Capital, and others conspire to short sell the Euro and specifically Greece.

          • DaveH
          • Brad

            Hey RS,

            You may want to read this article, it spells out how Soros almost broke the Bank of England, http://olesiafx.com/Kathy-Lien-Day-Trading-The-Currency-Market/George-Soros-the-Man-Who-Broke-The-Bank-Of-England.html

        • DaveH

          The reality of Enron:
          http://mises.org/daily/872

          As usual, Robert’s Big Government is the culprit.

          • Flashy

            Mises again

            If you read the article Sparky, you’d see just how thin it was. It may get a very leniently given C in a 10th grade high school class. The punctuation and spelling appeared correct

          • DaveH

            As usual, Flashman prefers ad hominem attacks to facts. His ideas can’t stand on their own, so what other choice does he have?

          • DaveH

            I spent much of my life, Flashman, trying to expose Liberals for what they really are, and then came along this wonderful website where the Liberals just expose themselves. Thank you for making my job easier, Flashman.

          • Flashy

            Still haven’t read that Mises link you posted eh? Dave..other than cut and paste from sites which no one gives any substance to, do you ever write anything of your own mind other than superficiality?

          • JeffH

            Flashy brays “..other than cut and paste from sites which no one gives any substance to, do you ever write anything of your own mind other than superficiality?”

            Flashy, are you jealous or just envious that someone might post references and links to websites and aticles because you can’t? If there isn’t a linked referance you’ll be asking for proof. Which is it Falshy? If that’s the best you can do I would suggest you regroup and gather something other than meaningless liberal gibberish to suppor your claims…all of them.

          • Flashy

            Jeff…if you disagree with my opinuions or find fault with my numbers or references to them….feel free to counter them.

            Like yesterday. I stated I would venture DaveH (aka Sparky) supported the unPatriotic Act and both wars up until two years ago. He claimed i was not telling the truth. OK…so I said he could easily disporve it…just post anything where he spoke out against them.

            Alas….nothing. (sometimes he’ll post a Mises link…and when you read it it’s either way off point, or so thin of argument it would be a barely makeable C grade HS sophomore paper.)

            See how easy that is?

          • JeffH

            Sorry Flashy, been there and done that…but alas it escapes your memory or you fail to respond accordingly…drivel on dear Flashy…but just for fun, I’ll repeat myself.

            “Flashy, are you jealous or just envious that someone might post references and links to websites and aticles because you can’t? If there isn’t a linked referance you’ll be asking for proof. Which is it Falshy? If that’s the best you can do I would suggest you regroup and gather something other than meaningless liberal gibberish to suppor your claims…all of them.”

          • Flashy

            Jeff…so you can rest assured ….

            My answer to your question is “no”.

          • DaveH

            Flashman, you are so easy. It’s like shooting ignorant Liberals in a barrel:
            http://www.personalliberty.com/conservative-politics/loving-our-enemies/#comment-701108

            Notice, Folks, how Flashman can’t support his lying accusation and then tries to say I should supply the proof of something that I didn’t say. Maybe that kind of ignorance passes on DailyKos, Flashdunce, but the readers here are more intelligent (a lot).

          • DaveH

            You know, Flashdunce, you have no credibility on this board. And you insist on destroying it day after day. What are you, a Liberal Masochist?
            You seem to be getting more ignorant by the day. Are you trying to find your brains in the bottom of a bottle?

      • Congress Works For Us

        Flashy,

        You lose all credibility when you lump the Koch Bros in with Bain Capital and Enron. Drop the liberal spin-line and think for yourself. The “evil” Koch Bros invest in American businesses with American workers. They are no different than those capitalists you worship. It seems their only sin is to donate their political money to those with an “R” after their name, versus Gates and Buffet donating to those with a “D” …

        • Flashy

          CWFU…from the LA Times, Op Ed 2010.

          Read on and learn..don’t be a robot. Koch Brothers being the very definisiton of societal leech has been known for a long time, well before the attempted coup d’etat using Walker in Wisconsin.

          The take, and shirk and responsibility to maintain the system which alowed tem their billions. They are not heros, nor people to admire.

          =============
          “As the New Yorker’s Jane Mayer wrote recently in the first detailed journalistic profile of the Kochs and their activities, they “are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy and much less oversight of industry — especially environmental regulation.” Koch Industries was named recently in a study as “one of the top 10 air polluters in the United States,” the article noted, and “Greenpeace issued a report identifying the company as a ‘kingpin of climate science denial.’ The report showed that, from 2005 to 2008, the Kochs vastly outdid ExxonMobil in giving money to organizations fighting legislation related to climate change.”

          For years, according to the New Yorker article, the brothers and their company funded organizations promoting “environmental skepticism,” including the notion that acid rain is “a myth.”

          Charles Lewis, founder of the nonpartisan Center for Public Integrity, told Mayer that when it comes to the amount of money they donate to politics, “the Kochs are on a whole different level…. They are the Standard Oil of our times.”

          Organizations that monitor employment practices also cite Koch Industries as one of the most ruthless exporters of American manufacturing jobs to foreign countries.”

        • DaveH

          Explain to us, Flashy, how getting Government out of the Marketplace would help the Koch Brothers, given that they would then have to compete Freely with other producers, and be at the mercy of Consumers instead of bought-and-paid-for Politicians?

          For the people who want to awaken to reality instead of sweltering in Flashy’s Liberal Ignorance:
          http://www.amazon.com/How-Capitalism-Saved-America-Pilgrims/dp/1400083311/ref=sr_1_1?ie=UTF8&qid=1326213803&sr=8-1

          • JeffH

            Hmmm, bet Flashy never thought of that…hmmmm!

          • Flashy

            Thought of what Jeff? The twisted rendition of the Pilgrims settlement or Dave never reading what he links?

          • JeffH

            Flashy says DUH!

            Stupid is as stupid does
            Forrest Gump

          • DaveH

            Flashman, I can’t imagine even the Hoping and Dreaming Liberals to be Ignorant enough to buy into your ridiculous comments. If I were a Liberal (thank goodness I’m not), I would be trying to shut you up. You’re like a one-man wreaking crew for the Liberal faith.

      • DaveH

        You used a lot of words, Flashy, to say very little.
        Just this one statement sums up your lack of credibility, Flashman:
        “It has become blasphemy to suggest the wealthy pay their fair sahre”
        How much of the “fair sahre” is paid by the wealthy? See here for truth:
        http://www.ntu.org/tax-basics/who-pays-income-taxes.html
        Note that the figures above are from actual IRS receipts, so the so-called “loopholes” that Liberals love to rant about are irrelevant. Also note that Flashman has seen the above link before, yet he continues on his false statements that the Rich don’t pay their “fair sahre”.

        • Flashy

          My statements are very real there Sparky. The wealthy are not paying their fair share (typo corrected). The wealthy live a lifestyle beyond the imaginations of many. It’s a different world of affluence and comfort. In other words, they rely and enjoy and receive a high value for the benefits they have living in this society. Everything from using a cell phone to the freeway system trucking goods around to the ‘net. I believe they can afford to pay back society for these beneifts and value to them.

          Next…take the fact…a plain unavoidable inescapable fact …. you’re not going to slash the government budget to the levels rquired without having revenue increases. Without tax adjustments, the level of cutting in government will gut this nation. From infrastructure to military, education to the social safety net, there has been too long of a neglect to not require massive monies and investment now or it starts the long incurable decline which otherwise lays ahead.

          Another fact which is often ignored by the Right and the GOP is that for the past two years, employment in this country has been growing exclusively via the private sector. The job sector that has shrunk in real numbers is …government. You think you’re getting bad service now? Slash those numbers further….you’ll then realize what bad service is all about.

          So what is wrong with saying fine… the Wealthy and Big Corporate America didn’t seem to suffer then as they are now, so let’s bring back the tax rates the wealthy enjoyed during the Clinton boom years. Don’t like that? how about since the Right touts Reagan and an economic boom time, let’s go back to the rates during Reagan. i myself advocate the tax rates during the Carter or Nixon years…use tha surplus and pay off the debt…then cut taxes to a break even point.

          As for fair share…do the numbers. Take a guy with an income of $48,000. $4,000 a month. Keep him single for now. Boom….one third off for taxes. that leaves $2800. 45% for the mortgage (usual Debt level of a mortgage payment, insurance and property taxes is 40-50% of gross monthly income) … that’s $1,750. That leaves him $1,050. Cable, telephone, electricty … let’s be easy on him and say $400 a month. Down to $650. Car payment (and car insurance) of $200. $450 a month left. Commute to and from work. Say …$100 in gas per month. $350 left. Food, entertainment, buying anything at all…and you have a guy who is barely able to have a monthly night out to shoot a few games of pool or a night of bowling and a couple of pitchers of beer.

          Go up to him and ay “sorry, but your taxes are going up $50/month because we need to pay for the deficit” and he’s gonna look at you and say “Eh?” for the privilege of barely making it, he’s going to have to know give up his one social night a month out. Or tell him “sorry, but you’re going to have to accept a lower standard of services” … and the guy is barely making it and some of his acceptance of the social contract is that he enjoys a little bit of a safe, secure, free society. Or go to him and say “Sorry, but Paris Hilton is suffering and we can’t raise her taxes…”

          Now…let’s take a guy earning $1,200,000 (easier to work with the numbers and add it up). $100,000/month. Taxes and health insurance..1/3. That leaves $66,666 a month. Housing… total on a home worth $1.5 mil is $8,000/month @80% value. Now you’re down to $58,666 … and so forth. In essence, you’ll get to about $50,000/month for residual spending. OK…now are you telling me taking $5,000/month in additional taxes will kill this guy? Not only that, but you start telling him services are going to be downgraded…infrastructure for his shipping, backed up ‘net, his lawn is going to be hurt because a water main broke..etc etc and he’s going to be fare more economically damaged than the poor slob barely making it at $4,000 a month income.

          Now…do you really think the guy making 1.2 mil is going to say ‘no’ to making an additional investment to maintain that lifestyle? Hell no he isn’t. Not given the alternatives. Do you think it’s going to kill him to make that investment? Do you think that $5,000/month is going to be taken away from his facotry budget? uh uh he’ll cut back on his stock portfolio…probably take it from his mutual funds which are probably investing overseas and sending our money elsewhere.

          Think about that. Do the math. And do some searching within to see how you feel what should be the right thing to do.

          • Mark Are

            When are you people going to all wake up are REALIZE THAT THEY DON’T NEED TAXES when they can PRINT ALL THE FIAT CURRENCY THAT THEY WANT! That the only reason that they “tax” us it to COVER THE FRAUD and to help a tiny bit with inflation. WHEN? WHY IS IT SO DIFFICULT TO SEE? Why so many arguments over “taxes”? THEY don’t need ANYTHING to keep screwing us as long as we are will to use their stinking money system. The Founding Fathers had it figured out. Read A CAVEAT AGAINST INJUSTICE by JUDGE ROGER SHERMAN. Oh, who was HE? He was the guy who made sure that the MONEY clauses demanding SUBSTANCE to be used as money were put in the Constitution. READ The US Constitution, Wounded in the House of It’s Guardians by George Bancroft. READ what the FOUNDING fathers said (Both of those men were founding fathers) Google the books they are THERE to read. In our society today, we could be using gold and silver as money but NOOOO… you people want to fight over who issues the fiat money…

          • DaveH

            Flashman says:
            “Next…take the fact…a plain unavoidable inescapable fact …. you’re not going to slash the government budget to the levels rquired without having revenue increases”.
            Who do you think is ignorant enough to buy such double-talk, Flashman? In fact, History has proven that if Politicians have more money, they will spend more money.
            Then Flashman says “Without tax adjustments, the level of cutting in government will gut this nation. From infrastructure to military, education to the social safety net, there has been too long of a neglect to not require massive monies and investment now or it starts the long incurable decline which otherwise lays ahead”.
            Anybody with half-a-brain (that leaves out Flashman) knows that to spend money Government has to take it from somebody else. And since Government is a notorious failure at everything it does, by taking money from the productive Private Sector, they are decreasing the output of the economy, thus producing fewer goods, costing us all more money, and putting more of us out of work.
            You have no idea what you’re saying, do you Flashdunce?

      • Mark in LA

        Yes, flashy one more free trade agreement and everything will right itself. The 30 year thing is spot on Reagan was the destroyer of the economy and PCR was one of his priests. It is good to see that he like Pat Buchanan finally realized their folly but it might be too late. I believe in the fight against NAFTA Paul Craig Roberts was standing in for Reagan as they trotted out all the ex-Presidents supporting it. Even in 1995 in his book “The Capitalist Revolution in Latin America” he is supportive.

        Unfortunately for people like him, he never really understood the contempt management had for its rank and file employees. As an engineer, I was mid-way between management and the guys on the line and understood it well. I was arguing then that it was nothing more than a way to put a boot on the throats of both American and Mexican workers. Tell the Americans to cut their pay or we will move to Mexico. Tell the same to Mexicans. I knew human nature, something economics professors do not.

        Reagan was the start of free trade. He campaigned on it and tried to get NAFTA passed but the Mexicans said no so he negotiated the Canadian American Free Trade agreement which was ratified under Bush I. When Mexico had yet another economic crisis, Bush I bribed Salinas and Mexico joined in the negotiations under fast track. Then Clinton was tasked with getting NAFTA ratified. He pulled out every dirty trick in the book to get enough Democrats to support it to make it look “bipartisan” since the Republicans didn’t want all the stink to fall on them.

        Reagan was also the bankers stooge which resulted in the Savings and Loan fiasco which was a dry run for the housing bubble. Wall Street which had a junk bond bubble and the commercial banks which had a commercial real-estate bubble were all part of it. The dry run taught the white collar crooks how easy it is to get away with crime if you don’t leave a paper trail and insist that you “never saw it coming”.

        Reagan was the worst President we ever had but most people were so in love with his gradfatherly persona that they never actually looked at the policies of his administration and how damaging they were to the long term health of the country.

        He gave us the neocons, he gave us deficits as far as the eye can see. He ramped up the military way beyond any real threat so it was available for the neocons to use. He ramped up the war on drugs for Nancy “just say no” and helped give us militarized police. He did nothing to stop political correctness and even expanded affirmative action giving “disadvantaged” status to Hassidic Jews and Indians. He gave us an amnesty that has helped balloon our population and will likely be a drain on the economy for decades. His administration looked the other way while illegals were used to break unions. Meat packing companies went as far as sending busses to Mexico to get strike breakers. Many in his administration cheered this on while Peter Brimlow of Vdare warned him of what would happen to the country in the future.

        • DaveH

          The Leaders love that they can attract one group of Sheeple with their Welfare State, and the other group of Sheeple with their Military State. The Leaders’ Power just keeps growing and growing, while the Zealots argue over which Party is causing the Problems.

          • BigBadJohn

            Amen

        • Flashy

          Mark…I agree with your premise “I knew human nature, something economics professors do not.”

          But I have to disagree vehemently when you rank Reagan as the worst president. Reagan was holding that rank with room to spare until BushII/Cheney came along. Reagan should now rank as the second worst to ever occupy the Oval office.

          • Mark Are

            The number one WORST President was Abraham Lincoln. He is the POS that started putting paper currency back into circulation directly in violation of the Constitution to finance his war against Southern Independence. We have been getting SCREWED by the bankers ever since. Do some history research.

        • DaveH

          The problem with your Free Trade disparagement, Mark, is that NAFTA isn’t Free Trade. Government is absent in real Free Trade, except to punish fraud. Free Trade administered by Government is an oxymoron. Those terms are used purely to mislead ignorant people.

      • cawmun cents

        Progressives have run Detroit for 50+ years…..and we see what condition that city is in.
        When they have run all these cities that they have control of now for 50+years,we will see how their system works out for them.
        Cheers!
        -CC.

      • DaveR

        How can Buffett be placed in the same group as Jobs and Gates? Buffett buys companies he likes and usually allows the current management to retain their jobs and continue to operate as in the past. Buffett is therefore not creating any jobs, except perhaps for his analysts and accountants. You can read Buffett’s story in his own words by reading annual reports of his company, Berkshire Hathaway. In contrast Jobs and Gates had visions for new products based on applications of new technologies which they had direct input in creating. What they have in common is becoming rich due to success in a capitalist society.

        • Flashy

          I placed Buffet and the type of investor he represents in that he invests long term in producing inductry. He doesn’t take over, rape, plunder and pillage the assets and pension funds, then runs off with the loot.

          As Buffet has stated many times…his philosophy is to invest in sound companies and leave them alone. i.e. continue to operate with out being raped and plundered for the quick buck.

          Jobs and Gates created. That’s they are inventors and manufacturers. Buffet practices another type of capitalism…investment and providing monies to grow.

          If one looks at capitalism as having to havles, then subdivided, there are producers and makers…and there are leeches and takers. That’s how Warren Buffet was named along with Gates and Jobs.

          • DaveH

            And you land squarely in the “leeches and takers” category, Flashman.

    • Old Henry

      s c:

      “What we were supposed to get and what we really got are two different things.”

      I would argue s c that we got exactly what we were supposed to get, we were simply lied to – and eagerly believed it.

      The pot is nearing a rolling boil and the brain-dead frogs are cooked.

    • NC

      SC, the lemmings that elected Obama, all 69.4 million of us, are waiting on the conservatives to figure out who they are and who they will pick to pose as “me too bush”? Of the group now running I don’t see or hear a thing I would chance my vote for. I voted against their positions that produced the 26% approval rating in 08 and if they have changed during the debates I was out of the room!
      Have you noticed that job losses are way down and the market is way up since 08? have you missed that? what about the drop in military deaths under our new president? Did you miss that too? Oh well, like they told me in the Corps, there is always 10% that NEVER gets the word!!

      • JeffH

        Actually, six hundred thousand a month is roughly the figure for the period of November ’08 through January ’09. And these losses marked a sharp uptick from the previous three months. Now let’s think — what could have possibly happened in, say, very early November to cause this?

        Oh yeah, Obama was elected. What a coincidence!

        Of course, these job losses will forever be part of the statistical record of George W. Bush’s presidency. While clearly businesses were planning ahead for the dark days of Obamunism, Bush’s and presidential nominee John McCain’s total inability to defend business and free enterprise is part of why more Americans don’t understand that Obama owns all 6 million jobs lost since November 2008, not merely 4 million of them.

        Actually, the lack of free market-understanding from establishment Republicans is responsible for a lot more than this statistical misread, but that’s another issue. The bottom line is that Republicans and conservatives need to hold Obama and other liberals to account for all the job destruction that started the minute they were elected.

        Memo to the president: Mr. Obama, all six million job losses are on you — and your liberal friends in Congress. You can have all the town halls you want and all the jobs summits you want, and it does not change that fact. Moreover, nothing will turn this economy around until the entrepreneur feels it’s safe to come out and play some more.

        That probably means nothing will get better for a while — in other words, while you remain in office. You, Pelosi, and Reid will never get the proper blame for the two million jobs lost in the ninety days before you took office. But on the bright side, I can see about a hundred firings this November that might be a step in the right direction — and you all will get blamed for those.
        http://www.americanthinker.com/2010/09/job_losses_and_obama.html

      • DaveH

        NC says “Have you noticed that job losses are way down and the market is way up since 08″?
        Well, first something has to be true, NC, before we can notice it.
        Unemployment in January of 2009 was 7.8%. Unemployment now is 8.5%. You call that “way down”? I think I see the problem.
        And the Stock Market is up since December of 2008 in Nominal Price, but the dollar is worth about 30% less than it was then, so the Dow would have to be 30% greater now in Nominal Price just to be even with what it was in December of 2008 (about 9,000 points). And that is a low which was achieved largely because the people who know what they’re doing were bailing out of the market knowing that Obama had been elected.

    • ChristyK

      Although I agree with most of the analysis of the author, he gets one thing wrong. He blames deregulation as the cause of the problems when it is actually overregulation that caused much of our problems. Overregulation & over taxation (1st or 2nd highest in the world) cause businesses, which are in business to make money, to move over seas to countries with a friendlier business climate.

      Also, our regulations, which are sold to the public as protecting the average consumer, actually protect big business and create businesses that are “too big to fail”. Most regulations make it harder for new businesses to enter the market and can even drive existing small businesses out of business. Only large businesses can afford the equipment, lawyers, accountants & other resources necessary to comply with the onerous regulations.

      Many of the regulations, not only protect big business, they also have negative secondary effects that are worse than the “problem” they are supposed to solve. In the end, the consumer is hurt (less choice & higher prices), employment goes down, businesses leave/fail/flounder, and tax revenue goes down.

      Our current regulatory climate is such that it is impossible to know, understand, and comply with all of the laws and regulations. This allows the government to go after whatever business or individual that they choose.

      Although reducing taxes & spending would definitely help the economy, I believe, as a business owner, that reducing regulations and reporting requirements would actually do more to stimulate the economy and jobs than any other action. Some of the reporting/taxing requirements are ridiculous. It costs me more to gather the information and report than the entire tax collected many times. With the federal, state, county, & city governments all having multiple tax & report requirements, I waste a large amount of my time and money complying and the government gets very little in comparison to the work I waste on complying which could be used growing my business & on hiring productive employees.

      • Mark in LA

        Wrong, there is a reason why first world countries have high taxes and lots of regulations and third world countried do not. If done correctly taxes build infrastructure which helps everybody and regulations are supposed to prevent avoidable evils like poisoning from tainted food.

        It does go off the track when it starts supporting people for life or when regulatory agencies can’t see the forest for the trees and produce costs that far outweigh the benefit.

        Go to rural Mexico if you want to see a low tax unregulated heaven. You won’t want to live there.

        The canard about companies moving overseas due to taxes and regulaions is US Chamber of Commerce / RNC bunk. Wages and taxes for American workers in constant dollars have never been lower and regulations are not the big bugaboo the business pundits claim. The offshoring is all about 50 cent an hour manufacturing wages and 20,000 dollar a year programmers and nothing more complicated than that.

        • DaveH

          Mark has the nerve to call ChristyK wrong and then says this — “there is a reason why first world countries have high taxes and lots of regulations and third world countried do not”.
          The problem is, Mark, that you don’t know what you’re talking about. The third world countries are heavily regulated. See here for proof (pick the country links to investigate individual countries):
          http://heritage.org/index/ranking

          • Mark in LA

            Yes Dave that crackpipe of troof the Heritage Foundation.

          • DaveH

            Troof? Obviously you are well acquainted with that pipe.

          • DaveH

            Okay, Mark, here’s a second source:
            http://www.freetheworld.com/
            pick the country of choice from the drop-down list at top of page.

            It would behoove you, Mark, to accept defeat graciously. You just make yourself look bad when you resort to disparagement of the information source.

        • DaveH

          And Mark cites Mexico as an “unregulated heaven”.
          But, it isn’t. Far from it:
          http://heritage.org/index/Country/Mexico

  • Kris

    now we definitely know the cost of wars. The wars in Iraq and Afghanistan are part of the problem, but yes, they did contribute to the job losses in our country. not to mention: a weakened and troubled economy: thanks to the bureaucrats in Washington, D.C.!

  • http://www.chandostransport.ca GraemeB

    “In other words, in 10 years the U.S. economy was decimated by jobs offshoring for the sole purpose of higher rewards to capital in the form of multi-million dollar executive bonuses and large shareholder capital gains. A few hedge fund executives were paid a billion dollars in annual remuneration and a couple of dozen of them were paid $500 million in annual compensation. What sense does that make? Huge fortunes paid for one year’s work, not in productive activity but in destroying the financial system and the value of pensions that tens of millions of Americans had worked all their lives to achieve.

    While this was happening, “our” government squandered several trillion dollars in Iraq and Afghanistan on wars based on lies and deception. The American people were lied to ”

    When you take this paragraph and apply it to the present situation that we find ourselves in, who was leading this nation for all but 2 of those years and who “lied” about many things.? And yet we blame Obama for the present mess even as jobs are increasing and the unemployment rate has decreased to 8.2%

    This is one of the most honest and accurate articles I have yet read on these posts in a long time. Good artcile Paul. Thank you.

    • Old Henry

      And by out-sourcing our presidency to a communist foreign national we may have nailed the coffin shut.

    • Ted Crawford

      Yet GraemeB, didn’t all of us with IRAs, 401Ks, annuities and mutual funds cheer and pat ourselfs on the back as our investments grew at unbelievable rates because of the same pratices?
      Many now applaude the “saving of GM”. Have any of us looked at the GM holdings in our 2007 funds? These were all washed away with the same stroke of that pen! Before we decide if an action is good or bad we need to understand the real costs and real benifits!

    • meteorlady

      I am not blaming Obama for the mess we are in. If anything I blame Clinton for Fair Housing and the repeal of Glass-Steagall.

      With that said I will tell you that Obama has prolonged the fall and when it comes it will be much much worse than if he had left things alone. His policies have done nothing to help our current situation and everything to prolong it and make it worse.

      The DEBT is the one single thing that will bring us to our knees and his policies have added TRILLIONS to the DEBT. If we don’t increase government spending and leave government income at it’s current levels, by 2021 we will be paying $1.2 TRILLION per year in interest on the DEBT. Think, for a minute what we, as a nation, could do with that money. Then using the same scenario, by 2046 all we will be able to do is pay the interest on the DEBT. No more government, no entitlements, no military to protect or judicial system – nothing nada…..

      Here’s an even scarier version – if we paid $100 MILLION per day toward the DEBT it would take 389 YEARS to pay it off.

      Is this the legacy you want to leave your children and grandchildren?

  • http://www.globalfoodfreedom.org Ralph Fucetola JD

    There is a way out… meaningful, free market monetary reform. Just like there was a “German Miracle” after WWII when the Nazi economic restrictions were lifted all at once, there could be an American Economic Miracle IF we END THE FED and return to Constitutional Money.

    Ron Paul’s Monetary Reform Bills, HR.1094, 1098 and 2768 will do just that.

    One hope only: http://tinyurl.com/WriteInRonPaul

    • NC

      RALPH,I agree that West Germany was somewhat of a miracle in recovery but due to the US and British air forces Germany was one big shovel ready job and Uncle George Marshall was the pay master!Their secret was that they didn’t pay to rebuild the world during the time the economy of the world was coming to life.We did.

      • Robert Smith

        Bingo!

        Similar things went on with Japan after WWII.

        Rob

  • Chris

    Outstanding article. Plain and simple for all the chuckleheads to understand. Where did you find this guy, Bob. He makes more sense than Ringer Dinger, Myers the gold salesman, Chippy Woods, and the unbearable Ben Crystal Ball all put together.

    Give us more!!!

    • Iris

      WOW, happy to find that I am not the only one who finds Be Chrystal unbearable. It is rare that I take a dislike to a righty, but what is it about Ben that galls?

      • Old Henry

        Nothing that I know of.

        • JeffH

          I tend to agree with you OH, other than the fact that the libs don’t have a sense of humor…

  • Chuck Case

    While I generally agree with the financial observations and conclusions of this article, I am highly skeptical of the “50,000 suicides” of our military personnel. Please provide some substantiation of this claim!
    Otherwise, this article nails the financial plight of this country. I think some practical solutions offer hope. Namely, why not pass tax reductions to 5% for 5 years when manufacturing companies return to the US.or foreign companies locate here? Then, after 5 years, the tax rate goes to a permanent rate of 15% thereafter. Non-manufacturing companies would receive a similar tax incentive. Further, why not reduce the tax on the trillion dollar retained earnings of US companies that are now off-shore with another tax incentive…specifically if that money is invested here.
    In short, we must increase revenues here and begin to pay down our debt with the increases. It will take time but, will show the rest of the world that we are smart enough to fix the basic problems we have.

    • Ted Crawford

      While I don’t know the numbers, this phenomenon occures after every armed conflict in history and is never counted in the casualties. I’m aware that Canada is following a similar plan as you describe and their economy seems to be rapidly improving!

    • John

      People who served in either Iraq or Afghanistan make up a growing proportion of the 6,400 veterans that VA estimates take their own lives each year. A 2007 CBS study put the rate among male veterans aged 20 to 24 at four times the national average—more than 40 per 100,000 per year.

      Straight from the VA website.

    • Mark in LA

      Chuck, quit drinking the kool-aide put out by the Republicans. Companies don’t offshore to save a few pennies on taxes. GE’s effective tax rate is only 2.3% and the outsource with abandon. You can’t cut taxes enough to return jobs that pay 50 cents and hour in a foreign country. You can’t save enough in taxes or transportation costs to ever bring them back. The only way to bring them back is keeping their products out of the US with tariffs.

      • meteorlady

        As a business owner I believe it’s you that are drinking the cool-aide. I am taxed at the city, county, state and federal level. I have property taxes, mandated insurance, and licensing fees. I pay employee payroll taxes. I pay into unemployment and worker’s comp. I am regulated by all these entities and the regulations actually cost me more in time and money than most of the taxes.

        So I moved from Washington State because of high taxes and excessive regulations passed as the result of special interest lobbying. I am now in Texas, a more business friendly state, and as a result of the tax and regulation savings was able to hire 2 more employees. Wages are nothing compared to the cost of taxes and regulations. If I was let go to product without interference, my employees would make more money per hour.

        The fact that corporations like GE get special tax breaks as a result of lobbying and special deals, while Exxon is the highest taxed corporation in this country, is ugly and will eventually cause more business to leave this country.

        • Mark in LA

          You didn’t post anyhting about the issue which was offshoring did you?

      • DaveH

        Mark,
        If you had any sense, you’d know that tariffs only hurt the countries whose Leaders employ them. Sure, the Leaders and their Crony Capitalists benefit, but the rest of the countries’ citizens lose.
        Why do you think one of the first weapons of choice of controlling countries is to embargo their targets imports? Free trade benefits all but the Protected Companies and their Crony Politicians.
        If Unfree trade was a good thing, the States wouldn’t have signed on to a Constitution which gave the Federal Government authority to stop the States from Protectionism. You see, our Founders were smarter 200 years ago than the Liberals like yourself are now.

    • DaveH

      Why not just end the Sham that is the Corporate Income Tax? Corporations don’t pay the taxes, the people do. It is just a simple fact of life that the Corporate taxes get passed on to the rest of the citizens.
      The Real Culprit is the Government Spending, not who the taxes come from. In the 1950s, the Government average spending was about 28% of the GDP. In my family we had four kids and 2 adults with only my father working at a Blue Collar job, and life was fine (economically). Now the Government spends 44% of the GDP, and most families must have 2 working adults to make ends meet. Clearly the increased size of Government has not been a factor of goodness in most peoples’ lives. Sure, the Leaders and their Cronies prosper, at the rest of our expense.
      And what different could we expect? It is in the Politicians’ interest to favor themselves and their friends with targeted regulations, subsidies, bailouts, tariffs, and quotas. And they have obviously not suffered along with us during our various busts.
      It is an established fact that the Economy grows inversely with the size of Government. See here for proof:
      http://www.freetheworld.com/2011/reports/world/EFW2011_complete.pdf

      • Flashy

        “Corporations don’t pay the taxes, the people do”

        Still haven’t taken that economics course eh?

      • Robert Smith

        DaveH claims: “It is just a simple fact of life that the Corporate taxes get passed on to the rest of the citizens.”

        Can’t have it both ways Dave.

        Either a corporation is a “person” and thus responsible for taxes

        OR

        A corporation is NOT a person and shouldn’t be meddling in elections with contributions.

        Pick one or the other, but both can’t be true.

        Rob

        • Flashy

          nice point.

          • DaveH

            It might be, except that 1) it’s false, corporations are people — companies of people. And 2) that has nothing to do with what I said.
            When Corporations are taxed, they have limited choices:
            They can raise their product prices — the consumers pay the tax.
            They can layoff workers or lower their pay — the workers pay the tax.
            They can move to another country where they make money — The Government has to focus on another group to pay their taxes.
            They can go out of business — The consumers lose since there is less competition, thus higher product prices, and the workers lose their jobs.
            Get it now, Robert? The people pay the taxes.

      • Mark in LA

        As I have already pointed out to you, there are two ways of looking at this and both show you premise to be wrong. One is that businesser are the generators of income and pay the taxes of their employees out of the business costs as can be seen by when an employee is replaced for the same job. Person A no nonger “pays” taxes while person B does so therefore the business is really paying the taxes.

        The other is pure libertarian logic. Why should any person pay any form of taxes if all taxes are passed onto the customers of a business. Why should I subsidize your purchase. All taxes should be at the business level so that the user of a service or the purchasers of a product pay the full cost of it.

    • Mark Are

      Reality 101…It’s all imaginary money, which means that it is all imaginary debt. Money created out of thin air to create debt created out of thin air. When are we going to quit playing old maid and start buying and selling amongst ourselves without their toilet paper fiat money?

  • Had it

    The way to make everything look better before the election the number manipulators will have us at 4 or 5 percent unemployment and everything will appear to be great. Maybe that the unemployment compensation will be extended for maybe another year all mortgages will be cut by half interest rates will go down to – 10% food stamp recipient will get a raise as well as welfare checks will get a cost of living increase medicaid for everyone government assistants on whatever your struggling with and make it appear to be a gift from obama. We have prosperity beyond our wildest dreams isn’t that great don’t that make you proud?

    • Old Henry

      You may be right Had It, but the unemployed will still be unemployed no matter the reported number(s). And they will, I think, be generally unhapy about it.

      Most people who have been raised to work, and have done so, want a JOB.

  • marty fee

    CEOs, business owners and wallstreet workers are evil and greedy? This sounds like some idiotic OWS protest speech. Almost as bad ad Obama blaming everything on atm machines

    • Robert Smith

      12 cookies on the table.

      The Tea Party nut takes 11 of them and gives them to the CEO and says, “I’ll take my one before that evil union guy gets it.”

      Rob

      • FreedomFighter

        12 cookies on the table.

        The Communist Party nut takes all of them and gives them to the party and says, “Not enough to go around, you get none, you have no right to the fruits of your own labor, what you think this is capitolism?.”

        Laus Deo
        Semper Fi

      • JeffH

        …then the evil SEIU union steps in and says “not on my watch”, renegotiate the contract or else. We get all 12 and you still owe us six more…pay up or we’ll shut down the nation… :)

      • meteorlady

        Tea Party “nut” – why insult?

    • meteorlady

      Greed? I think it’s more like selling yourself to the highest bidder to be able to fool yourself into thinking you are actually important. I don’t think a lot of CEO’s and bankers are crooks and thugs, but there are those that use the government to promote the agendas and help their business take from other business. They do this by contributing money, giving favors and generally hooking up with the crooks in Washington DC.

      Greed is not the problem, power and ego are the problem. An honest citizen works hard and makes money and that is not greed but is an entitlement for the fruits of their labor.

      Until we get the lobbyists and special interest people out of government, we are doomed to loose more and more industry in this country.

  • jopa

    I must agree this is not the type of story you would normally find on this site.It will probably disappear by sundown.But it is a good story.The first sentence made my eyes open much wider and made it a must read.

    • libertytrain

      I think I disagree with you. Perhaps it’s just the placement of words used; or perhaps the light has finally come on for you to recognize what’s been said over and over again here.

  • FreedomFighter

    “There is no safety in a police state and a debauched currency. The comfortable world that Americans have known is falling apart at the seams.”

    110% spot on. The goverment will try to hold it together till after the election if they can, then the its helter skelter.

    Prepare yourselves, get your money into something solid:

    Food, water purification, protection/ammo,GAS MASKs, gold, silver. Alternative heating, lighting, take the threat of a EMP event seriusly.

    It is estimated 80 to 90 percent of Americans would die within a year if we had a major solar EMP event.

    Talk to your family, realize the world you did know is no longer the world you live in.

    Laus Deo
    Semper Fi

  • Santiago

    the fruits of the last 2 to 4 generations have been stolen and the the present and the future next 2 to 4 generations have being pawned to the same thieves. heeey …. waaaake uuuup america!!

  • Ted Crawford

    Mr. Roberts
    After reading your artical, many times, even with my limited formal education and even more limited excursions into the financial realm, you seem to have an indepth understanding of our major problem!
    While I mean to be complimentary, for what ever value that has, articals like this, while very necessary, force me to fight against the feelings of hopelessness and helplessness that have overtaken many of my friends! With limited understanding and experience it’s very easy to fall into that ” I can’t make a difference” attitude.
    My participation and observation of the political environement of the past couple of decades convinces me that the American electorite has fallen into the habit of knee-jerk voting, I’m afraid that I can’t exclude myself from the guilt!
    What I believe is as equally needed as this type of artical, is sound suggestions from those more informed, I’m no excusing myself from becoming more informed myself. I am afraid that this situation doesn’t allow me the time to gain information in the usual manner, I often realize that I don’t even know what questions to ask!
    I’m determined not to fall back into the knee-jerk mode this time. I don’t believe that the country can survive even on more of those elections. What is desperately needed are more articals on possible solutions!
    If any offence was taken I trully apologise!

    • FreedomFighter

      Ron Paul 2012

      Check his website, you will find solutions.

      Laus Deo
      Semper Fi

      • Ted Crawford

        Sorry Freedom, even I’m aware that that “cure” is far worse than the ailment!

        • Ted Crawford

          In any case, if you read the post, I stated that I was determined NOT to make a knee-jerk decision!

        • FreedomFighter

          At least you know that a cure exists, unlike many.

          Get preped its going to get bumpy sooner than later.

          Laus Deo
          Semper Fi

    • Mark Are

      It must also the the reason he supports Ron Paul.

  • whoknows

    Good article; no sugar coating. Now, like the rest of you, I hear estimates on when things will really start going down hill. Things like 2015, 2050, whatever.
    What say this readership?

    • Handyman

      Remember boys am girls, we (the people) are the government in this great Nation. Those who run are running towards control and money! (your money!)

      • Handyman

        Its my spelling, and big fingers! Boys and Girls.

        • http://google rose

          Thanks for making me laugh. I needed that this morning

        • JeffH

          No, it was that darn keyboard again… :)

    • FreedomFighter

      Nobody knows really, but the slide has started.The elite will do whatever it takes to usher in the NWO.

      Laus Deo
      Semper Fi

      • Mark Are

        And all of us will do whatever we can to take them and their psychopathic useful idiot supporters down.

        • DaveH

          So many useful idiots, so little time.

    • meteorlady

      I have an accounting degree. I have been studying a lot lately, mostly historical data. I believe the following:

      Currently the Federal Reserve is paying interest to the Central Banks to hold a lot of the money they printed during QE2 to buy a lot of our debt. China is dumping our dollars into Gold. If that money printed in QE2 gets into circulation, we will see double digit inflation in the next 2 to 5 years and the dollar will be devalued at an alarming rate. Once inflation starts the Federal Reserve will raise interest rates and we will be looking at Jimmy Carter 21% interest rates again. If they cannot get inflation under control there will be a depression far worse than the 1929 crash.

      Sorry but if we don’t start lowering the DEBT and reducing the size of the Federal Government we are doomed to default on our debt and we will look like Argentina and Venezuela by 2020.

      This is why it important to VOTE for someone that takes the DEBT seriously and talks about how they are going to reduce it. Ron Paul is the only person I have heard talk about reducing the size and scope of the Federal Government and cutting CURRENT spending. What the rest are doing is cutting FUTURE spending and limiting current spending to a pittance.

      • Flashy

        Meteorlady. The first part i agree. there’s a lot of cash out there hangin’ out and not churning in the system. I’ll agree if it comes into the system in one shot, we’ll be looking at double digit inflation. And I will lay odds that if we realize this, that folks in the Fed and treasury realize this as well.

        So what’s the answer? I recall reading about Bernanke and his study of the “lost decade” Japan had. He wrote a paper on it if I recall (this was before his appointment). I also recall somewhere reading that Pres. Obama, Geitner, and Bernanke decided at the time to face the inflation issue when it arose, but the first priority was stopped the freefalling economy.

        Now if the Treasury and Fed can control the flow of the stashed cash when it enters back into the market at a steady but controlled flow, they can keep inflation to 8% or thereabouts. At the time this was viewed as not a good thing, but it was necessary (grudgingly acceptable and manageable)to staunch the immediate bleeding.

        This debate was going on in many news, business and OpEd commentaries as to what was being done, the decisions and options etc.

        • DaveH

          Inflation is never necessary. That is purely a myth promoted by those elites who use it to transfer our wealth to themselves.
          For those who would like to get educated:
          http://mises.org/daily/3010

      • Mark in LA

        Blaming Jimmy Carter. I’ll bet you think Reagan “lowered” the rates. I have news for you, Jimmy Carter got the previous Fed chairman to resign and he put Paul Volker in who onloy let interest rates rise to market levels instead of keeping them artificially down. This created the necessary recession to stop the inflation of the 70s. Carter was responsible for the lowering of inflation not Reagan. Reagan was just some lucky idiot in the right place at the right time.

        • DaveH

          Isn’t it convenient that the Liberals will blame Bush for what is still occurring during Obama’s administration, but then flop to the other side to credit Carter for what occurred in Reagan’s administration?
          In January of 1981, the month that Reagan took office, the prime rate was 20.16%. By January of 1983, the prime rate was 11.16%.
          Sure we can attribute that to Paul Volcker, but the question is would Jimmy Carter have changed his behavior? There is no way of knowing.

          And it doesn’t matter whether the Depublicans caused the economic problems, or the Remocrats caused the problems. The facts are that Central Banks, Big Government Politicians, and Crony Capitalists all work together to feather their own nests at the expense of the rest of us.
          The only Political Party that understands that and would get us back to Freedom, Smaller Government, and Free Markets is the Libertarian Party:
          http://libertarianparty.org/platform

          • Mark in LA

            Read it again! Jimmy Carter got the previous fed chairman to resign so he could put Paul Volker in. Carter knew damn well what Volker was going to do so pretending Carter would have done something different than he did is nonsesne. The only thing you can give Reagan credit for is not trying to get Volker to quit early. Both Paul Craig Roberts and Jack Kemp were begging Volker to lower the rates prematurely because they thought time was running out on Reagan’s reelection prospects. Reagan was just lucky that of the 4 years of tough love two of it came at the end of Carter’s term and 2 at the beginning of his term. The second dip was much milder than the first one Carter had to endure and we came out of it faster becasue of it – you would know that if you actually read Rothbard.

            Do some real research not just reading the drivel on Mises or Heritage.

          • DaveH

            Mark,
            You can flap your Liberal lips all you want. The proof is in the experience. And the experience is that Socialism has failed throughout the world and throughout history. Yet you continue to embrace it.
            And don’t talk to me about Rothbard. If you had read any Rothbard, you wouldn’t be a useless Liberal.

  • Handyman

    Congratulations Your old house, that you paid $20,000,00 fir is now worth $400,000.00, what a way to make money, for who? by the wasy the State regulates your taxes, so you won’t pay more than 6% of the VALUE of your home, So the local government has re-evaluated? your OLD home so it is now, based on what? VALEUD at?, the new evaluation price? Your OLD broken down house is, WORTH MORE? Because the EXPERT decievers say so? What a wonderful trick! You now can sell it for more. Now what do you buy to live in? Another $20,000.00 home at, you guessed it, $400,000.00? Oh by the way you can pay the increase of the VALUE of your old home in taxes? Remember this is America and you have the right, given by you know who? to own property! Not to worry our, your economy is basded on a sevice indoustry, DO YOU BELIVE US THE GOVERNMENT? wE WILL SEND YOU TO SCHOOL TO LEARN HOW TO INTERVIEW, SO YOU CAN STAND IN LINE, NOT TO GET A JOB? TRUST US WE WILL DO EVERYTHING WE KNOW TO MAKE YOU HAPPY? WE THE PEOPLE HAVE BEEN TASKEY BY THE NEW WORLD ORDER, TUN BY THE GREAT COMMUNIST?

    • Handyman

      Spelling Corrections For those who are more concerned about spelling than ideas?

      Congratulations Your old house, that you paid $20,000,00 fir is now worth $400,000.00, what a way to make money, for who? by the way the State regulates your taxes, so you won’t pay more than 6% of the VALUE of your home, So the local government has re-evaluated? your OLD home so it is now, based on what? VALEUD at?, the new evaluation price? Your OLD broken down house is, WORTH MORE? Because the EXPERT deceivers say so? What a wonderful trick! You now can sell it for more. Now what do you buy to live in? Another $20,000.00 home at, you guessed it, $400,000.00? Oh by the way you can pay the increase of the VALUE of your old home in taxes? Remember this is America and you have the right, given by you know who? to own property! Not to worry our, your economy is based on a service industry, DO YOU BELIVE US THE GOVERNMENT? wE WILL SEND YOU TO SCHOOL TO LEARN HOW TO INTERVIEW, SO YOU CAN STAND IN LINE, NOT TO GET A JOB? TRUST US WE WILL DO EVERYTHING WE KNOW TO MAKE YOU HAPPY? WE THE PEOPLE HAVE BEEN TASKEY BY THE NEW WORLD ORDER, TUN BY THE GREAT COMMUNIST?

      • Mark Are

        Here…I’ll help…
        Congratulations, your old house, that you paid $20,000.00 for is now worth $400,000.00. What a way to make money, but for who? By the way the State regulates your taxes, so you won’t pay more than 6% of the VALUE of your home, so the local government has re-evaluated? Your OLD home is now, based on what? VALUED at?, the new evaluation price? Your OLD broken down house is, WORTH MORE? Because the EXPERT deceivers say so? What a wonderful trick! You now can sell it for more. Now what do you buy to live in? Another $20,000.00 home at, you guessed it, $400,000.00. Oh, by the way you can pay the increase of the VALUE of your old home in taxes? Remember this is America and you have the right, given by you know who, to own property! Not to worry that our, your, economy is based on a service industry. DO YOU BELIEVE US, THE GOVERNMENT? WE WILL SEND YOU TO SCHOOL TO LEARN HOW TO INTERVIEW, SO YOU CAN STAND IN LINE, NOT TO GET A JOB? TRUST US WE WILL DO EVERYTHING WE KNOW TO MAKE YOU HAPPY! WE THE PEOPLE HAVE BEEN TASKEN BY THE NEW WORLD ORDER, RUN BY THE GREAT COMMUNIST!

        • Mark Are

          missed one..TAKEN by the NEW WORLD ORDER.

  • DaveH

    Financial Deregulation? Since when has the Government ever been out of the Financial Regulation business?
    http://reason.com/archives/2009/06/19/the-myth-of-financial-deregula

    • Flashy

      Guffaw … Dave, you are so frippin’ clueless. You have to be an act…no one can be that dense and/or robotic. That you even take “Austrian Economics” and Mises as anything but fiction is enough to amaze that you exist in society without supervision … but combine that with this last statement?

      OK…’fess up. how many people are walking around escorting you making sure you don’t hurt anyone or yourself ?

      • JeffH

        …yer lips are moving but they still ain’t said nothin’…envious Flashy?

      • DaveH

        More ad hominem attacks from the Liberal bag of manipulative tricks.
        Again, Thank you, Flashman, for doing an excellent job of exposing the Liberal mindset to the readers. Obviously, you are being paid by some right-wingers to make Liberals look bad. And an excellent job you are doing, Flashman!

      • meteorlady

        So Flashy – you comment by insulting and seeming to be superior but you say nothing. Deregulation is the act of a government to stop free trade between citizens. I believe if you really want to look hard, you would find that a lot of regulations are passed as a result of special interest lobbying and they have eventually resulted in forcing businesses out of our country.

        Case in point, I moved my business out of Washington State because every time I turned around I was saddled with a new regulation. Most didn’t do anything other than make money for another business. I am now in Texas and doing OK as a result of the move. None of the regulations I was under in Washington State apply here because there is no reason for them. I still await the special interest waking up and finding they can make money off my business, then I will have to move again or quit.

        • Flashy

          Glad to hear you’re making it in Texas. Two weeks ago you were wondering if you could make it on the scant earnings.

          As to your question…what type of regulations in Washington were added that drove you out fo the state? Or what industry are you in ?

        • DaveH

          Flashman is a legend in his own mind, by necessity due to cramped space, it is a very small legend.

      • Mark Are

        So tell us all…when did you manage to get through the first two pages of Human Action?

  • Henry Ledbetter

    Money is not the root of all evil but “the love” of it is. Those who have sold our birthright for this mess of pottage will ultimately have to give account; which for many will be too late. After Essau sold his birthright for a temporary mess of pottage, he later realized what he had done and, according to the book of Hebrews, sought it back with tears but to no avail. I predict this will be happening to multitudes across our land. We might try repentance but from what I am now seeing it very well may be to late for some as their hearts have become so hardened .that God quits dealing with them. I pray this is not your estate.

    • John

      you can’t take your estate with you you know… i gave my children their life, a good and solid moral upbringing, a good education, and when they left the home they got a good start for their future. Now its up to them to learn, earn, and make something out of their own life… and they better NOT look toward me or my estate to plan their future… I did not work for 70 years to give it away in welfare to my children.

      • Polski

        So this 1% man said he was going to take all of his money with him, and he had his lawyer arrange it all. Well, as all things do, this man died. So his casket was closed, and the lawyer came up to the wife and said to her, did you put all the money in the casket? And she said, Oh Yes, I put the check in just before they closed the casket.

    • meteorlady

      Money is NOT the root of all evil, it’s the end result for your hard work and effort. Gads…. if I didn’t get rewarded, would I work and produce? Money is the fair exchange of good and services between honest citizens.

      • Tom W.

        He didn’t say money, he said the LOVE of!!! Myyy Prressiousss.

    • Mark Are

      We don’t even have money in circulation. The very definition by the Federal Reserve itself is, DURABLE, DIVIDABLE and a STORE OF VALUE.
      SO in our case it is the love of receipts for money payable in nothing.

    • Tom W.

      It’s never too late till you take the mark Henry, but God does give you freedom of choice. Salvation is a gift, but YOU have to accept it. I do feel what you’re saying though.

  • DaveH

    Jeff Jacoby’s take on Bush’s Deregulation:
    http://www.jeffjacoby.com/602/the-great-bush-deregulation-myth

  • DaveH

    Big Government types love to blame Deregulation for our current problems. And why not? How many Leaders would forgo more Power for less?
    Government just keeps growing:
    http://online.wsj.com/article/SB122428270641246049.html

  • DaveH

    Some history on the Republican “deregulators”:
    http://mises.org/daily/3098

  • robert

    we live on nothing i say round up all the lazy people like me
    that make 25 thousand a year or less
    and exterminate us

    because even when you do want to work seven days a week
    run a little farm milk a couple cows
    grow five acers of food
    and help your neighour THERE is no one there to help you
    in toronto a average house now is a HALF MILLION DOLLARS

    vancouver ONE MILLION

    i say just round up all the poor of the world and get rid of us

    that way YOU have gotten rid of most of the bible believing christians too
    and then see JUST HOW (offensive word removed) WONDERFUL YOU WORLD IS

    • meteorlady

      I find your comment puzzling to say the least. No matter what you do, if you do it with pride and achieve what your set out to do, you are successful. Money is a medium of exchange, which exists because there are men able to produce goods. It is not a means to claim value to your life or make you superior to someone else, it’s a means of payment for the effort you put forth to produce a product and allows you to purchase the product of others.

      If you think money is made at the expense of the “poor” you are wrong. Money is made by the man who works to produce a product that other will purchase. The fact that your government has discovered that it can loot/steal the money made by honest citizens, each to his ability, is appalling.

      If you produce, you know that you cannot consume more than you produce. If you count your life’s value by counting your yearly income, you are not being honest. You should count your life’s value by what you produce and how well you produce it.

      • Mark Are

        If anyone can tell me what a dollars value is based upon these days, I’ll give you a hundred tons of it, delivered to your door free of charge.

  • Tom W.

    First of all, my compliments to Paul on an excellent truthful article, my only argument would be with the validity of the Islamic threat. I believe that along with everything he was warning about that, the threat from radical Islam was just as real! And they’re all signs to the student of prophecy. I’ve got to go back to work right now but I’ll leave you with a couple to ponder over. Yes there’s certainly some serious book cooking going on!!!

    “Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you. Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain. Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh.” – James 5:1-8

    “This know also, that in the last days perilous times shall come. For men shall be lovers of their own selves, covetous, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, Without natural affection, trucebreakers, false accusers, incontinent, fierce, despisers of those that are good, Traitors, heady, highminded, lovers of pleasure more than lovers of God; Having a form of godliness, but denying the power thereof: from such turn away.” – II Tim. 3:1-5

    “And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.” – Luke 21:28

    • DaveR

      And if you look into the original Greek language that is translated into English as “perilous times”, you will learn that an alternate and perhaps more literal translation is “raging insanity”, which is what we have today in so many areas of society.

      • Tom W.

        Good point Dave!

    • Mark Are

      Here are a few verses that the Muslims must read and worry about…Jesus just tells everyone: (Luke 6:27-36)[27] “But I tell you who hear me: Love your enemies, do good to those who hate you, [28] bless those who curse you, pray for those who mistreat you. [29] If someone strikes you on one cheek, turn to him the other also. If someone takes your cloak, do not stop him from taking your tunic. [30] Give to everyone who asks you, and if anyone takes what belongs to you, do not demand it back. [31] Do to others as you would have them do to you. [32] “If you love those who love you, what credit is that to you? Even ‘sinners’ love those who love them. [33] And if you do good to those who are good to you, what credit is that to you? Even ‘sinners’ do that. [34] And if you lend to those from whom you expect repayment, what credit is that to you? Even ‘sinners’ lend to ‘sinners,’ expecting to be repaid in full. [35] But love your enemies, do good to them, and lend to them without expecting to get anything back. Then your reward will be great, and you will be sons of the Most High, because he is kind to the ungrateful and wicked. [36] Be merciful, just as your Father is merciful. And then a few sentences later says “But those mine enemies, which would not that I should reign over them, bring hither, and slay them before me.” -Luke 19:27…Hmmmm…sounds like either a major contradiction or possibly Christianity is a VERY VIOLENT religion that wants to kill Muslims. I think that it is a violent religion. Just look at what has been done in the name of it since it was “revealed”. ME? I’ll take Thomas Paine’s religion any day over ALL the worlds revealed religions…THE WORLD is my COUNTRY, MANKIND are my brothers and TO DO GOOD is my religion. Trash the rest.

      • James

        Mark, Jesus was telling fellow Christian Israelites how to treat each other, not every human being. The Bible was written by, to, for and about the Adamic race and its Israelite faction. For example James wrote: “To the twelve tribes which are scattered abroad, greeting. My brethren…etc.” James 1:1-2.

  • FreedomFighter

    NC says:

    January 10, 2012 at 9:58 am

    Robert, I think maybe Mr. Livingston created Freedom Fighter as comic relief to point out the simplistic approach of the Christian Right to the problems of this country. How hard is it to solve a problem by saying “It’s just God’s will” or “The Devil is doing it.”.

    I believe we have free will.

    We are in an epic battle between light and darkness, good and evil, the only real decision in life is:

    What side are you on?

    I have made my choice, I pity your ignorance and will pray for you to gain wisdom.

    Laus Deo
    Semper Fi

    • DaveH

      Unfortunately, NC and his ilk don’t have to suffer alone for their Ignorance. They make the mistakes and we have to pay the price.

    • James

      I agree. Jesus said (John 18:36): “My kingdom is not of this world [era]; if my kingdom were of this world [era], then would my servants fight, that I should not be delivered to the Jews: but now is my kingdom not fron hence.” Jesus, here, was addressing Pilate at His inquisition.

  • skyraider 6

    Who is Obama? Why does he gets passes on all his blunders.

    • meteorlady

      Obama has been handled by George Soros since his first election campaign. Since Soros owns a controlling interest in a lot of media outlets, they would naturally support his candidate, even if it means their eventual demise. Obama is a puppet, nothing more. He can’t even make a speech or answer a question without a teleprompter. He never introduced a bill, never voted on anything controversial while representing his constituents (voted “here” a lot, and was totally unqualified to be President.

      • Mark Are

        THAT’S RIGHT!

      • Nancy Baquera

        My biggest concern about Oboma is that not only was he not ready to be President, he did not have the insight to put experienced advisors in place.

  • Polski

    To David H.: you can start with Dubya and Cheney!!

    • JeffH

      Polski, still linin’ in the dark ages? Try looking past the end of your nose…

      • NC

        The “dark ages” JeffH???? how many Americans are still standing in line for jobs due to decisions made by bush? How many graves are still so recent that the visitors still cry from decisions pushed on bush by cheney? “Dark ages” my butt! Try as you may you can’t erase 2001-2008 from the history bOoks OR the minds of those still paying the price for what that adminstration did to this country> We didn’t just walk up on the WEAK economy OF January of 2009! It was DELIVERED TO US IN THAT CONDITION by Americans who wanted better than what the prior adminstration had given them. They started their cry for help in 2006! In bush’s “last December” we lost how many hundreds of thousands of jobs? In Obama’s “last December
        ” we added 200,000 jobs!
        Minus 3 years does not take us back to the “dark ages” but it does take us back to the “age of incompetece”

        • meteorlady

          Let me try this ONE MORE TIME:

          Do agree that if housing had not collapse we would not be seeing the economic conditions we now see? If so….

          Clinton signed Fair Housing.
          Clinton appointed Franklin Delano Raines as CEO of Fannie Mae
          Clinton repealed Glass-Steagall
          Clinton allowed drug companies to advertise
          Clinton pushed Fannie and Freddie to guarantee bad bank loans
          Clinton signed various one sided free trade agreements
          Clinton left a budget deficit of $17.4 TRILLION the day Bush took office.
          Clinton signed the budget for Bush’s first full hear in Office and the deficit ended that year at $133.4 BILLION
          Clinton included income from the Social Security Trust Fund to claim a balance budget.
          Bush had the deficit coming down until 2007 when the Democrats took control

          All the above is for all to see on the US Treasury website.

          Have a nice day and learn a little history before placing blame.

          • Flashy

            The economic maliase we are in was caused by the end of Glass?Steagall …authored and pushed by GOP in Congress and, to his shame, signed by Clitnon…because it allowed BushII/Cheney to stack their cronies in the SEC and then cut the number of regulators so that the banks etc could manipulate MBS and other securities.

            In other words, the rules were changed, the new rules abused and violated, and the referees pulled off the field. it wasn’t the collapse of the Housing market…that was the victim and result.

        • JeffH

          NC, and you too are living in the dark ages right along with everyone else that think Bush is the creator of our woes. Don’t you read or is it that you just don’t comprehend…again, crony capitalism wasn’t created by Johnson,BushI & II, Nixon, Ford, Clinton or Obama but they all liked it equally well. Try to understand that the economic problems we’re faced with today are and have been bi-partisan endorsed. That means both the Republicans and the Democrats carry equal shares…together.
          As I said, get out of the dark ages of Bush, Bush, Bush and realize they’re just two sides of the same coin.

          • JeffH

            Would a farmer who put out a trough of slop be surprised if it attracted a bunch of pigs? Then why are activists who promote enlarging the size and scope of government shocked when one program after another is hijacked by corporations that find it easier to seek favors in Washington than customers in the marketplace? And, knowing that such corruption is inevitable, why do mainstream media dismiss those who advocate curtailing government powers as corporate stooges?

            What leads anyone to believe that unconstrained power can be channeled in ways that don’t favor the politically connected? And why are the politicians who repeatedly put out the slop troughs, then theatrically rail against the pigs, rarely penalized at the polls?

            How long will people continue to believe the “too big to fail” fear-mongering propaganda which both parties use to justify squandering public funds to socialize losses and privatize gains? How many times does a court economist have to be wrong about the impact of expensive economic interventions before we add him to the unemployment rolls?

            How does the failure to distinguish between honestly earning profits by meeting customers’ needs and getting rich by looting the public treasury make it possible to end the latter practice without destroying the former? And if we cannot define and promote a sustainable form of capitalism weaned from government corruption, where are all the jobs the nation needs supposed to come from?
            http://www.forbes.com/sites/billfrezza/2011/11/15/crony-capitalism-the-inevitable-outcome-of-overreaching-government/

          • Polski

            Just remember that Dubya’s grandfather Bush sold weapons to the Nazis in WWII. That family has a history.

            Of course, Joe Kennedy also sold weapons to the Nazis in WWII. So that family has a history also.

            The fact that Obama is a TERRIBLE President does not negate the fact that Dubya was a HORRIBLE President.

            When Eisenhower finished his last term, the historians said he was the worst president ever because he never did anything.

            10 years later, these same historians said Eisenhower was the best president ever because he never did anything.

            So, many people think Lyndon Johnson had Jack Kennedy killed.

            And Richard Nixon said something like “what, you think your president is a crook?”

            It was weird how many people in the Clinton bureaucracy died unexpectedly.

            Franklin Delano Roosevelt gave Poland and Eastern Europe to Stalin and the Russians.

            The United States and Russia split the Nazi scientists that developed the V2 missile and the ME 109 after the end of WWII.

          • JeffH

            Polski says “Just remember that Dubya’s grandfather Bush sold weapons to the Nazis in WWII. That family has a history.”

            - Prescott Bush was one of seven directors (including W. Averell Harriman) of the Union Banking Corporation, an investment bank controlled by the Thyssen family.[2] In July 1942 the bank was suspected of holding gold on behalf of Nazi leaders.[3] A subsequent government investigation disproved those allegations, but confirmed the Thyssens’ control, and in October 1942 the United States seized the bank under the Trading with the Enemy Act and held the assets for the duration of World War II. – Wikipedia

            Joe Conason said that Bush’s involvement with UBC was purely commercial and that he was not a Nazi sympathizer.[4] The Anti-Defamation League[5] and historian Herbert Parmet[6] agreed with that assessment. – Wikipedia

            Then says “Of course, Joe Kennedy also sold weapons to the Nazis in WWII. So that family has a history also.”

            “In 1938, FDR appointed Joseph Kennedy as the United States Ambassador to the Court of St. James’s (the United Kingdom) in London. Kennedy supported Prime Minister Neville Chamberlain’s apparent policy of “appeasement” in order to stave off a second world war that would be a more horrible Armageddon than the first.

            Kennedy attempted to arrange a meeting with Adolf Hitler.[28] Shortly before the Nazi aerial bombing of British cities began in September 1940, Kennedy once again sought a personal meeting with Hitler, again without the approval of the Department of State, “to bring about a better understanding between the United States and Germany”.[29] It has been surmised that Kennedy also had personal reasons for wanting to avoid war; “He feared for the lives of his three eldest sons, Joe, Jack and Bobby, all of whom were or soon would be eligible to serve.”
            - Wikipedia

            Now I would expect you can prove those allegations considering they are just “made-up” and total fabrication.

          • libertytrain

            The difference is most of those folks are dead or can not be president again. Living in the present, we have one currently that is kind of sucky….

        • Mark Are

          If you really want to blame…go back to 1913 when the lousy Federal Reserve act was passed. THAT is where it all started. We are reaping the whirlwind caused by that idiotic measure.

          • JeffH

            …that’s as good a place to start as any…

          • DaveH

            Actually, certain banks, aided by Government, have been taking advantage of people since before the formation of the United States. The correct role of Government is to protect people from fraud, but they often take the other side — protecting the fraudsters. Read this excellent book to learn how Government has worked hand-in-hand with certain fraudulent bankers throughout our history:
            http://mises.org/books/historyofmoney.pdf

  • Polski

    The biggest “benefit” of advanced technology is that we found out there are a lot more CROOKS than we thought.

    • Sol of Texas

      This is precisely what ensues when people are so concerned with entertainment and “keeping up with the Jones’” that (in their professional lives and civic duties) they ignore the unethical and immoral behavior of their leaders and just “follow orders”.

      Let’s face it, collectively, we are too scared to stand up and the government schools (I call them “pre-prison schools”) have reinforced this response for roughly 10 decades. Without a better understanding of each other and a positive movement in what “should” motivate us, circumstances will continue to worsen.

  • http://elliesmiles@hotmail.com Country First

    All we have left is the fervent hope and prayer that enough people will wake up to nominate the only candidate that can save our nation. Let’s continue to pray for a positive outcome.

    • Sol of Texas

      Country — This is going to require more than prayer to fix.

      • Mark Are

        Afraid so! Praise the LORD and PASS THE AMMUNITION…

      • Karolyn

        You are so wrong. If more people sought the spiritual, the balance could be tipped. Actually, more and more people are climbing on the bandwagon whether via religion or just deepening spiritual understanding.

        • James

          Our problem is political, not spiritual. Read John 18:36.

  • Polski

    Marty Fee, but Marty, it’s the CEO, business owner, banker that makes $19 million a year. It’s certainly NOT the union members, the homeless, the McDonald’s workers, the Wal-Mart workers.

    • meteorlady

      I notice you did not include Union representatives and the higher ups. They also make a huge amount of money.

      There are two types of people: those that produce and those that don’t. If you produce something great would like to see the money that product provides you used by whining people who never make an effort, who have never taken education seriously and thus cannot even hold a filing job, but demand an income that matches what you make, and who drift from failure to failure and expect the rest of us to pay for it?

      The point is that more and more people are lined up to grab what we produce. To use us to their benefit because we are too proud and can’t stop working and do as they do.

      When I produce I expect to be rewarded, not punished. Our government has done an about face and it now rewards inaction, the unambitious, and lazy in our society.

      And yes, I include the Walmart workers in all this. They had the same opportunities to do what I do. They had a paid for education but didn’t take advantage of it. Maybe if we made people more responsible for their actions, instead of propping them up, we might have a better society.

      • Polski

        Compare, CEOs make $19 million a year, union higher ups make $2 million a year. So who’s causing the most problem here.

        OK. Supposing someone found a cure for cancer. Now the “Cancer Industry” makes $250 BILLION a year. So would the Cancer Industry ALLOW a cure? Would they kill the person who discovered the cure? What would all the FDA, FTC, doctors, nurses, hospitals, labs, pharmacies in the Cancer Industry do for a living?

        Think about it. You can see the problems here. Remember when they used to talk about the carburetor that would provide 100 miles per gallon of gas, about the inventors that were either killed or bought off by the Oil Industry, by the Automobile Industry?

        But of course, you know that every one of our Congressmen, Senators, Presidents is honest and can’t be bought, right?

        And then the bureacracy in Washington DC. They are ALWAYS there. But our President, and his staff are there for 4 years, maybe 8 years. Do you really think the bureacracy will let anything they don’t want, to happen…..LOL…..I just knew your answer there.

      • Karolyn

        And what’s wrong with WalMart workers? What people do is what they choose to do, and somebody has to fill those jobs. I have never made much money because of the work I chose to do and am quite happy that I chose happiness over the almighty dollar and consider myself successful because I did what I wanted to do not what was expected of me or what the rest of the sheep thought would be better.

        • James

          I agree, the vast majority of jobs does not require a college degree. I worked my way up to a Mechanical Engineer-level of pay without a degree. In the sixties and seventies, I was in the top 5% of salaried employees.

  • DaveH

    For those who don’t wish to remain in the Zealotous Mire:
    http://mises.org/books/capitalism_kelly.pdf

  • Polski

    So here we are. My question to all of you is what can be done to change all this? Obviously, the 1% are really happy with the way things are now, and are not going to change anything. And we, what, the silent majority(?), are a mob, and the CROOKS, the 1%, are organized. So again, I say to all of you, what do we do now?

    • JeffH

      Elect Ron Paul, end the Fed, get out of the UN and enf the “faux” wars, end crony-capitalism, restore the free market system and restore our government of the people and by the people…not of and by the crony government shills for the crony elitists…would be a good start.

      • DaveH

        Whew. I’m exhausted just thinking about the amount of education it’s going to take to wake up the heavily propagandized masses to reality.

        • JeffH

          Dave, I know what you mean. I’m by far not the smartest guy on the block but 2 + 2 has always = 4 and the learning process never stops. Some don’t want to and some just can’t and then there are those that just can’t be fixed at all. Go figure.

        • James

          Dave, The masses will not be awakened to our dilemma. They will continue, like the Romans, to flock to stadiums and cheer their favorite ball-sriker, thrower, kicker, passer, putter, until the first nuke hits America, preferrably in D.C.

  • http://google.com Rob Luna

    Rob Smith, It’s departure from God’s word and our deviance from the ten Commandments that is the reason America is in this State of destruction we are witnessing today. There is only one way back to prosperity.

    • Mark Are

      Which part of “Gods Law”? The part that says to stone people for working on the sabbath? The part that says stone people who blaspheme the holy spirit? Come on…

      • James

        Mark, Rob was referring to the ten commandments (Ex. 20:3-17). The Seventh one reads: “Thou shal not commit adultery.” Maybe that’s it.

    • Helen2

      So true Rob. Scriptures say “if My people, who are called by My name shall humble themselves and pray, then I will hear from heaven forgive their sins and heal their land.” Let’s get busy Christians, he wasn’t talking about any body here except his children. We need to get busy and start praying and don’t stop!!!

      • Helen2

        Got the scripture wrong. Here it is: 2Chronicles 7:14 – If my people, which are called by my name, shall humble themswelves, and pray, and seek my face, and turn from their wicked ways; then will AI hear from heaven, and will forgive their sin, and will heal their land.

        • Bert Cundle Sr.

          See how Crazy they were?

  • Sol of Texas

    It strikes me that none of this happened overnight. My first recollection of the descent down this path was with the Lyndon Johnson Presidency. Things seemed to have worsened ever since.

    I would not expect improvement any time soon (if at all). Without realizing how we got here, I do not expect we will solve the problem.

    A true revolt is needed, but it appears that the result of this year’s national election will likely once again be a trade of one face for another with little real change in national policy.

    Very discouraging.

    • meteorlady

      You are so correct. It’s just a swap from one party hack to another. They are all hand picked. You and I could not run for office because we have no major support form the parties. Mitt Romney was handpicked in 2008 as the candidate for the GOP in 2012. That’s got to stop.

      We need to get rid of both parties, change the biased election laws, stop redistricting to suit the political parties, and elect honest people to office, if we can find any.

      • Tom W.

        YOU GO GIRL!!!

  • http://www/billmcgaughey.com William McGaughey

    Paul Craig Roberts is a national treasure but, unfortunately, one like Jeremiah, foretelling disaster. I wish there were recommendations on how to fix the problems – even “simplistic” ones.

    For instance, if derivatives and credit default swaps are potentially so damaging, how about passing a law making it illegal to collect on this type of contract. Poof! The problem’s gone.

    Another simplistic solution: Abolish free trade. Have a second “Bretton Woods” type conference that would change international trade priorities from lowering or eliminating tariffs to using tariffs to promote balanced development around the world. “Balanced” does not mean decimating developed nation’s manufacturing base to aid development in poor countries.

    Another solution: Automation is the chief threat to employment. Cut working hours to a level that balances labor supply with demand. We can all work far shorter hours and have to endure far less education and still enjoy ample production of the goods and services we want and need. Shrink the finance sector, shrink health care, shrink the military-industrial complex and watch our real living standards go down not at all. After decades of increased productivity and stagnant hours, it’s time to legislate shorter work hours so we can spend more of our lives in ways that we, not the government, would choose.

    If you think these are bad ideas, criticize them. But please propose solutions rather than restatements of problems.

    • Sol of Texas

      How about (as a simple solution), banking with credit unions instead of retail/commercial banks for our personal banking.

      By removing customer deposits, it weakens those awful faceless institutions. It is one way to de-fang the major bank conglomerates (and in so doing, reduce the power and influence of the Fed).

      I don’t think passing more laws will help much. We have more laws on the books now than anytime in history, and what has that accomplished? It makes most of us petty criminals. We keep trying to legislate morality instead of voting with our dollars, our feet, our better judgement, and our abilities.

    • Sol of Texas

      Oh yes, I wanted to also mention this tidbit from antiquity. Both the Roman Patrician and Plebian classes were fearful of slave revolts. as a consequence, the invention of labor saving devices (i.e., automation) outside of military use was punishable by death. Hence, permanent employment for the slave class. DO you follow me?

      It’s not so much that automation is the problem as much as the leadership of organizational leaders and workers to have enough vision to see how to redeploy their talents and energies to new endeavors. We get too comfortable in our routines and that goes for everybody from the janitor to the CEO.

      I think too much complacency rather than automation is the true enemy.

    • meteorlady

      We had a law against credit swaps and such – it was called Glass-Steagall. Clinton repealed it. He also signed a lot of one sided free trade agreements and gave us Fair Housing.

      We need to elect politicians that will stop making laws that support special interest requests. That has forced more businesses off shore than anything. We need to stop lobbying, stop special interest campaign payments and not allow outside groups into State politics. We need to give power back to the states and stop federal government meddling in our business.

      The system is corrupt – both parties – and we need to start housing cleaning in 2012.

      RON PAUL 2012!

    • Mark Are

      There really IS one simple solution. And it’s even offered up in that Bible that so many of you are spouting off about. It’s called a YEAR OF JUBILEE. And as a matter of fact 2012 IS a year of Jubilee. The only way out of this crap is to CANCEL all DEBT and start over from scratch. OUCH for those that hold it, GREAT for those that are in it. It’s the only quick easy solution. And after that, we use SUBSTANCE for currency instead of toilet paper.

  • SMsgt Z(ret) Nam 68

    new book
    Greedy Bastards by Dylan Ratigan
    It appears to be a good read
    I know Ratigan is a MSNBC host but unlike Rush,Beck,Hannity and O’Reilly He is not making over 20 million a year

    • Flashy

      Ratigan is pretty straight up. He takes no prisoners and tells it like it is…angers both the left and right (which means he’s doing something good :).

      I picked up his book yesterday and plan on reading it this week.

  • Tom W.

    There’s plenty of blame to go around. Look at the recent expose’ on 60 mins. of both Pelosie and Boehner!!! Throw all the bums out! Of the People, by the People , and for THE PEOPLE!

  • meteorlady

    Atlas Shrugged…. we all need to stop paying taxes and see where the government goes from there. They can only do their dirty work when we are willing to support them.

    • Mark Are

      How will they go from there? Well it sounds something like a high powered turbo engine running when you get close enough to the PRINTING PRESSES that will take over when you quit paying taxes. To pay the IRS to come and shoot you or cage you after stealing all your earthly possessions.

      • DaveH

        Yep.

  • Buck

    So what ? All the demonrat Obamass supporters think he is doing such a great job they are apparently ready to give him another four years . Now , who wants to debate the sanity issues of the demonrats with me ?

    • Tom W.

      And exactly what kind of choice are we given from the other side Buck?! The wheels are coming off the bus, and have been for a long time. I agree we need a change, but I don’t feel real good about any of the other choices! Ever heard of the NIA? Everybody reading this newsletter should subscribe to theirs. Here’s their video page, I haven’t watched them all yet, but the ones I have have been very interesting and eye opening!
      http://inflation.us/videos.html

      • JeffH

        One choice…Ron Paul 2012!

      • Mark Are

        Be careful with those folks. DO a You Tube search for Peter Schiff where he explains how they are a front for a major con job.

        • Tom W.

          Yeah Mark, I’m not investing in any of their stock suggstions, but some of their info and video’s I find very interesring. There’s only one place to put your valubles and that is in Jesus’ nail scared hands! Have you noticed that in the Bible prophecies they’re casting their gold and silver in the streets because it’s worthless? Let’s face it, if the social order was to suddenly come crashing down, can you eat your gold and silver?!!

    • Flashy

      Anytime Buck ..anytime. The real question is … can your ego take the hit?

      • DaveH

        You mean can Buck stand up to adolescent personal attacks, fabricated facts, double-speak, lies, and slander?

  • ranger hall

    PEOPLE the unemplyment figures come from the Govt as all figures come from them. Unemployment figures only count people that draw funds. 8.5 % Should read at lest 16 % maybe more if you counted all the people that have used up there funds and the people that do not receive funds.

    WE the People have lost all control of our Country. The Powers to Be control us and its getting more out of control, and WE DO NOTHING BUT TALK ABOUT HOW BAD THESE PEOPLE ARE. DEMS,and REPUGS and others. YET we have let theme stay in office for 30 plus Years. Getting Rich and Richer off our hard earned Sweat and Blood. They are destroying our Country and Others and the People DO Nothing..BUT Talk, The Blame Is Ours.

  • Lawrence Ekdahl

    All that you have said is absolutly true and there is a lot of blame to go around, but there are two things I believe are the true causes of America’s demise. Firstly, the public school system has dumned down and indoctrinated the las 5 generations so that the sheeple are easily controllable by the elitests. Secondly, due to the indoctrination in the schools and in the information media, this nation has forgotten the God who gave us what was once the greatest nation on earth and is actively trying to expung all refferances ti the God of fathers . The churches I am afraid are equally guilty allowing false teachings to corrupt the church and the people.
    Our only hope is that God will lead us to repentance.

  • ranger hall

    YOU People are so Screwed UP. What Differance do you think a person like Ron Paul is going to do, Even if he LUCKED out and was put in Office. HE is ONLY going to DO what they allow him to do. Wake up People The President only does as he is allowed to do By the Powers to Be. Even if an Honest Person that gets into office, He conforms or is Elimanated. WAKE UP. But i guess Talk makes you feel like you are doing something.

    ALSO KNOW THAT YOU ARE PAYING Govt.workers to protect our Country by reading everthing we write, Keeping tabs on us and our Freedoms, Putting us on that List. But we have nothing to fear DO WE

    • Mark Are

      And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say goodbye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling in terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand. The Organs (police) would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst; the cursed machine would have ground to a halt!
      –Alexander Solzhenitsyn

      • Tom W.

        Freedom is just another word for nothin’ left to lose….
        Kris Kristofferson

        • JeffH

          Don’t forget who made it famous…Janice Joplin.

    • Tom W.

      What are we gonna do ranger, crawl in a cave and die?!! Time is coming that we either put up or just say baaahhhhhhhh!

  • ranger hall

    i AM AN AMERICAN, PART OF MY FAMILY WAS AMERICAN BEFORE AMERICA BECAME AMERICA. AND I AND MY FAMILY HAVE SERVED OUR COUNTRY, BE IT RIGHT OR WRONG. AS WE GET OLDER AND WISER WE FIND THAT WE HAVE FOUGHT FOR SOME THINGS THAT WAS WRONG, WE HAVE KILLED PEOPLE AROUND THE WORLD, AND THEY HAVE KILLED US. AND DO YOU KNOW ITS ALL THE WORKING CLASS OF THE WORLD THAT DIE AND SUFFER ALL BECAUSE WE HAVE BEEN ORDERED TO DO SO. WOULD IT NOT BE SMART IF ALL THESE PEOPLE THAT HAVE TO FIGHT AND DIE just SAID NO. I AM AN AMERICAN AND I WILL DIE TO DEFEND THIS COUNTRY. TO DEFEND THIS COUNTRY ONLY…

    • Tom W.

      The only time I believe that we should go overseas and fight is when we are going to the aid of people who want the same thing we have, the God given right to Life, Liberty, and the Pursuit of Happiness! Or the defence of one of our allies who hold to the same principles of democracy as we do, not to keep some dictate in power simply because they serve our greedy self-intrests!

      • DaveH

        There are always those people in every country. Nobody wants to be subjugated. But there are two sides to every story. Who gets to choose?
        I say sell them weapons. If they care enough, they will fight for themselves.
        If you read enough books about the deception of our leaders in war time, you will come to realize that the Leaders will tell you anything to get your allegiance in their personal quests.

        • Tom W.

          Freedom is a gift from God. All God’s children should fight for that freedom. Always remember that there is strength in numbers!

  • anthony

    Great articule, I think this guy hit everything thats happening right on the nose, my take- corruption is intrenched in our capital the only solution is revolution baby, I say take them all out! Hey Im a veteren of the usarmy but nothing going to change until the (offensive word removed) gets so bad and people get real hungery then the revolution will begin.

  • FreedomFighter

    To DHS monitor:

    The back of my hand is facing you, guess what finger is sticking up,

    Last Post for me, due to coming police state crack down.

    Laus Deo
    Semper Fi

  • Tom W.

    “It is not enough merely to realize how freedom has been won. Essential also is it we be ever alert to all threats to that freedom. Easy to recognize is the threat from without. Easy too is it to see the threat of those who advocate its destruction from within. Less easy is it to see the dangers that arise from our own failure to analyze and understand the implications of various economic, social and political movements among ourselves. Our danger arises from too great a concentration of power in the hands of any individual or group. The power of concentrated finance, the power of selfish pressure groups, the power of any class organized in opposition to the whole – any one of these, when allowed to dominate, is fully capable of destroying individual freedom, as is excessive power in the political head of the state,” – Dwight D. Eisenhower, Inaugural Address, Columbia University, Oct. 12, 1948
    I never realized how sharp Ike really was!!! After reading that go to this excellent site that was given to me by my new hero FreedomFighter whom I pray was only funnin’ a little earlier! When Kennedy first took office, he started doing all the things that Ike feared that he would. But it didn’t take Jack long to figure out that the old man had been right with his fight against the MIC (Military Industrial Complex). We need you FF!!!
    http://www.youtube.com/watch?v=bj3AECSKmhU

  • JeffH

    Senate bill S. 1698, entitled as the “Enemy Expatriation Act.” This bill is two pages, a novelty in the age of 1,000+ page bills, and states (relevant parts):

    SEC. 2. LOSS OF NATIONALITY.

    (a) IN GENERAL.—Section 349 of the Immigration and Nationality Act (8 U.S.C. 1481) is amended—
    (1) in subsection (a)—
    (A) in each of paragraphs (1) through (6), by striking ‘‘or’’ at the end;
    (B) in paragraph (7), by striking the period at the end and inserting ‘‘; or’’; and
    (C) by adding at the end the following: ‘‘(8) engaging in, or purposefully and materially supporting, hostilities against the United States.’’; and
    (2) by adding at the end the following:
    ‘‘(c) For purposes of this section, the term ‘hostilities’ means any conflict subject to the laws of war.’’

    (b) TECHNICAL AMENDMENT.—Section 351(a) of the Immigration and Nationality Act (8 U.S.C. 1483(a)) is amended by striking ‘‘(6) and (7)’’ and inserting ‘‘(6), (7), and (8).”
    http://oathkeepers.org/oath/2012/01/04/michael-lemieux-ndaa-follow-up-and-further-treasonous-acts/

    For those not familiar with legislative bills there may not be anything that stands out from the above bill wording – and that is by design. By just reading the words above, under the title of “Immigration and Nationality Act”, we see that this affects those people who are “engaging in, or purposefully and materially supporting, hostilities against the United States.”

    One would reasonably conclude that what they are talking about would be those terrorist spies who come to America and gain citizenship and use that access to attack us, right? I’m sure that is part of the reasoning but who else is caught up in this legislation and would be affected by it?

    Well if we look at the underlying US Code that it is modifying we see that the “who” this is targeting is (8 U.S.C. 1481):

    “(a) A person who is a national of the United States whether by birth or naturalization, shall lose his nationality by voluntarily performing any of the following acts with the intention of relinquishing United States nationality—“(Emphasis added)

    Just as the wording was placed in the NDAA to include US Citizens here too you have to follow the crumbs of obfuscated law back to the source. And if you have any doubt that a national, born or naturalized, is a “Citizen of the United States;” Black’s Law Dictionary, Version 7 gives the generic and specific definitions. The common term national means simply “a member of a nation.” Then under the specific “national of the United States,” and this is who our laws are written for, it states “A citizen of the United States or a noncitizen who owes permanent allegiance to the United States… Also termed U.S. national; U.S. citizen.” In the eyes of the government the terms are synonymous.

    This law could have been written to be very specific by stating that any naturalized citizen engaged in these activities would fall under this law, but they did not. Are they inept, stupid, morons? Some may think so; I think they knew exactly who they were targeting

    • Tom W.

      Is there any doubt Jeff?! Listening to Romney’s victory speech, he’s soooo plastic! How about a darker moment? Barry’s Halloween party pictures -
      http://www.theblaze.com/stories/these-are-the

      • JeffH

        I know what you mean… :)

  • Bert Cundle Sr.

    I want to put the Nations Economy in the same Text as {Depression Vs. Ressesion} Ressesion: when others are out of Money… Depression: When I’m out of money! Are there so few people, that don’t know our government; is “Corrupt”. Truth is: Our Government is made up of Idiots & Imbiciles! [ Idiot: one that tells,When the public others what to do... Imbicile: One that does, what others tell them to do!]
    When Politicans are put into office, they are told what to do by Others! ( So why vote?) The Criminality in Government is the power as Government! Love the Country; Not the Rulers!

  • Bert Cundle Sr.

    [ Idiot: One that tells others what to do... (omit When the public)]

  • Tom W.

    One of my favorite cartoons was one of this little boy looking up at his dad, and asking, “Dad, if George Washington really never told a lie, how did he get to be president?”
    Funny, yet sad. Goodnight All, keep your eyes on the skies, Jesus is coming! He loves y’all and so do I!!!

  • Polski

    JeffH……wikipedia? And WHO writes wikipedia?

    • JeffH

      Look it up! Do a search…

  • Legras

    This is the best article I have read since long. It perfectly summarizes how top arms, oil and financial companies have wiped out all other interests, for the benefit of a very few, and with government’s help.

    I am working in the european financial industry, and I can only confirm that here as well the economy is today no more than a casino with huge benefits for the very rich who make the correct bets, and who pass the bill to all when the bets are wrong.

    But contrarily to most, I do not believe that the absence of regulation is a benefit in the case of financial industry: why investing in real companies and real jobs if pure speculation and financial casino brings more benefits with no risk (the risk is taken by the tax payers) ?

  • Tom W.

    I think the words to this song go well with this story.

    I’m going to rent myself a house
    In the shade of the freeway
    I’m going to pack my lunch in the morning
    And go to work each day
    And when the evening rolls around
    I’ll go on home and lay my body down
    And when the morning light comes streaming in
    I’ll get up and do it again
    Amen
    Say it again
    Amen

    I want to know what became of the changes
    We waited for love to bring
    Were they only the fitful dreams
    Of some greater awakening
    I’ve been aware of the time going by
    They say in the end it’s the wink of an eye
    And when the morning light comes streaming in
    You’ll get up and do it again
    Amen

    Caught between the longing for love
    And the struggle for the legal tender
    Where the sirens sing and the church bells ring
    And the junk man pounds his fender
    Where the veterans dream of the fight
    Fast asleep at the traffic light
    And the children solemnly wait
    For the ice cream vendor
    Out into the cool of the evening
    Strolls the pretender
    He knows that all his hopes and dreams
    Begin and end there

    Ah the laughter of the lovers
    As they run through the night
    Leaving nothing for the others
    But to choose off and fight
    And tear at the world with all their might
    While the ships bearing their dreams
    Sail out of sight

    I’m going to find myself a girl
    Who can show me what laughter means
    And we’ll fill in the missing colors
    In each other’s paint-by-number dreams
    And then we’ll put out dark glasses on
    And we’ll make love until our strength is gone
    And when the morning light comes streaming in
    We’ll get up and do it again
    Get it up again

    I’m going to be a happy idiot
    And struggle for the legal tender
    Where the ads take aim and lay their claim
    To the heart and the soul of the spender
    And believe in whatever may lie
    In those things that money can buy
    Thought true love could have been a contender
    Are you there?
    Say a prayer for the pretender
    Who started out so young and strong
    Only to surrender

  • Peter

    This is the best article Bob has ever allowed to be posted here.

  • TOCB

    This sounds like an Occupy Wall Street statement, and I agree with every word of it. We have bought into a bill of goods. We have been divided into every segment and group imagineable. The most contenteous ones currently are liberal/conservative and 99%/1%. We have allowed our economy to be sabotaged by corporatists, by Wall Street and Washington. And if we elect more mainstream Democrats and Republicans in 2012 we only perpetuate our weakening position. I am not a tea party advocate. In fact most of you would call be a liberal. But I see three primary problems in our country, our financial and moneytary system, our foreign policy, including trade policy, and the lack of integrity on the party of our leaders. Everything eles, to me, is noise and distractions. Except for Ron Paul, every other politician in both major parties are addressing sysmptoms of our problems rather than the root cause of the problems.

  • kg

    Whats the first three words our constitution says?

    “We, the People…”
    So, who is the government?

    WE ARE!
    If everybody voted, we wouldn’t have the government we have now.

  • http://heconservativecrawfish.wordpress.com Doug Schexnayder.PhD (ret)

    Elect arrogant bold lying secular socialist utopians…get secular socialist utopianism…the worldwide historical failure embraced by the brilliant democrats…they always want “another year and another trillion”…
    socialism does not work…how many painful times does it take to understand monster gov-meant is not the answer?

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