He’s Intentionally Destroying the Economy

You’ve heard me say that line before if you know me or read this blog.  It begs the question “Why?”.

I never knew until today.  Read this short piece on The Cloward-Piven Strategy for a scary ‘a-ha’ moment.

Advertisements

6 Comments

Filed under 0bama, Blogs, liberty, money, politics

6 responses to “He’s Intentionally Destroying the Economy

  1. Our economy collapsed last year. Obama’s policies can’t be retroactively blamed.

  2. JB

    No Ben, his policies are making it worse, intentionally. There has been ZERO recovery despite his phony “stimulus”. Unemployment is still rising, the stock market still stinks on ice, people are not buying homes, but his buddies at ACORN, the SEIU, and the UAW are all benefitting from this man made chaos.

    Have you looked at the national debt since 0bama took office?

    http://2.bp.blogspot.com/_L6pDyjqqsvY/SpKM5EhxDxI/AAAAAAAAddY/jEQKYy8Yrjs/s1600-h/obama+debt.bmp

    That’s Trillions of dollars, Ben. Do you know what a Trillion looks like? Check this out: http://www.pagetutor.com/trillion/index.html

  3. forest

    We haven’t collapsed yet, but if the State keeps doubling-down on market-distorting interventionist policies, we will see a true collapse, or a 10 year government-dominated “recovery” that leaves us all with less freedom, less opportunity and less money.

    But I’m not still convinced it’s intentional. Rahm, “First Prime to Apophis”, is a suspect character, but he can’t even properly exploit the crises he has now.

  4. JB

    http://www.heritage.org/research/budget/wm2595.cfm

    — This year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,392 per household. This spending is not just temporary: President Obama would permanently keep annual spending between $5,000 and $8,000 per household higher than it had been under President Bush.

    — The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.

    — The 2009 budget deficit will be larger than all budget deficits from 2002 through 2007 combined. More than 43 cents of every dollar Washington spends in 2009 will have been borrowed.

    — One would expect the post-recession deficit to revert back to the $150 billion to $350 billion budget deficits that were typical before the recession. Instead, by 2019, the President forecasts a $917 billion budget deficit, a public debt of 77 percent of GDP, and annual net interest spending of $774 billion.

    — The White House projects $10.6 trillion in new deficits between 2009 and 2019—nearly $80,000 per household in new borrowing.

    — None of these estimates include the cost of health reform.

    — The White House underestimates future budget deficits by trillions of dollars by (1) assuming that discretionary spending will be frozen to inflation for the next decade, (2) assuming that cap-and-trade revenues will be available to finance a Make Work Pay credit (the House-passed bill allocates those revenues elsewhere), (3) assuming health care reform will be deficit-neutral, and (4) assuming certain tax increases that are unlikely to be enacted.

    • I agree, it’s a disaster. All the tax cuts need to be repealed, not only the Obama and Bush tax cuts, but the Reagan tax cuts. That’s the only solution to cut the deficit and pay off some of the debt.

  5. JB

    No Ben, tax cuts are good for the economy.

    Government spending is what needs to be cut.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s