Wednesday, February 11, 2009

In his first TV news conference, Comrade Obama declares: "the federal government is the only entity left with the resources to jolt our economy back into life."

I would like to ask our new Marxist leader, Where do those 'resources' come from? The primary source of income for our federal government is direct taxation on corporations and the middle class. He is declaring a straightforward redistribution of wealth plan.

He continued:
"It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs."

He takes a position a defeat and invites us to believe that we are in a 'vicious cycle'. His solution? Nothing new. Socialists all over the world have one play in the playbook. Tax and spend. Only this time, he doesn't mention the tax part. He re-frames the situation by telling us that he will give us free money to spend.


"These steps will put more money in the pockets of those Americans who are most likely to spend it, and that will help break the cycle and get our economy moving."

I am still shaking my head. Keep those printing machines running. We are gonna need a lot of fresh 10s and 20s.


Tom said...

Very Nice, John. Good to have you back.

Sir Saunders said...

Amen, brother! This is great hear this. As usual precise, factual, to the point, and eloquent, and great to have you back too!

E said...

Govt never votes to shrink govt. This is brazen stupidity spinning out of control. I'm heading to Costco to buy in bulk while a dollar still buys something.

Dude said...

Great to have you back and bitter as ever, John!

Nobody seems to mind that we are just printing all this money to give away. We hear about how it will get spent and get the economy moving without any mention that it will make every dollar worth less as a long-term result. Is our goal really to get people back to work even if their $100k corporate salary becomes a $35k make-work assignment that is really worth $20k after the inevitable inflation. It is a good time to own appreciable assets, my friends.

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