Posts Tagged ‘ economy ’

Joe Biden speaking at the AARP yesterday gave a huge insight into Liberal Economics when he said we must spend even more money or we will go broke! ? The audio is a little hard to here so here is a transcript: BIDEN: The president knows and I know that the status quo is...
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Bloomberg, June 8 — I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so...
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by Gene King The news that General Motors was filing for bankruptcy was one of the biggest anti-climatic stories imaginable. Most Americans felt the fix was in. Bankruptcy was a foregone conclusion by many economists and political pundits who, at the start of the year, said that the billions of dollars being poured into...
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NEW YORK AP — The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market. But this and other big government spending programs are turning out to have the opposite effect. Rates for mortgages and U.S. Treasury debt are now marching...
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George Will: The Obama administration’s agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration’s central activity — the political allocation of wealth and opportunity...
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From the World Socialist Website (wsws.org), the Socialists are pounding Obama for what he is doing with the auto unions.  They are furious.  They were never this angry at George Bush.  You know that socialists always oppose "ownership".  Well, now that the UAW owns Chrysler, they now oppose the UAW, and therefore Obama.  
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Obama is not being the good steward of our money that he said he would be.  Just last week the Obama administration approved an additional $3.2 billion in bailout loans.  
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This alarming story provides us with the first hard evidence that the Obama administration is engaged in a soft tyranny – and not always so soft.  Former Obama supporters now claim fear in wake of intimidation from the White House.
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Barack Obama passes his first 100-day mark today. While this is being wildly celebrated in the media it is seen with trepidation among America’s millions of conservatives. He has already enacted such sweeping changes that he will have to take responsibility for the consequences from here on out. The warranty has expired! He can...
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From last night’s (2/9/09) first press conference with President Obama: Obama: “The Federal government is the only entity left with the resources to get the economy going again.” *The federal government doesn’t have the resources! It is going to borrow and print money in a futile attempt to create the “resources”. This will make...
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