Archive for February 8th, 2010

Glenn Beck: President Obama’s Proposed Budget Is Out Of Control Federal Government Spending–Stop Him Before He Destroys The Economy

Posted on February 8, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Regulations, Resources, Science, Taxes, Video, War, Wisdom | Tags: , , , , , , , , , , |

Glenn Beck Show – February 8, 2010 – Pt 1 of 7

Glenn Beck Show – February 8, 2010 – Pt 2 of 7

Glenn Beck Show – February 8, 2010 – Pt 3 of 7

Glenn Beck Show – February 8, 2010 – Pt 4 of 7

Glenn Beck Show – February 8, 2010 – Pt 5 of 7

Glenn Beck Show – February 8, 2010 – Pt 6 of 7

Glenn Beck Show – February 8, 2010 – Pt 7 of 7

Paul Ryan on debt ceiling increase: “A proud moment” for Speaker Pelosi?

President Obama proposed 2011 budget is beyond fiscally irresponsible, it is dangerous.

The proposal will not be passed by Congress–it is dead on arrival–DOA.

That said the fact that President Obama would even propose such a budget is revealing.

President Obama is an economic illiterate that must rely upon his economic policy team made up of many Keynesians.

This is not surprising since the late John Maynard Keynes would recommend more government spending to lift the economy out of a recession.

There is only one big problem.

Keynes has repeatedly been shown to be wrong.

When his policy recommendations of government intervention into the economy have been followed, the recession is usually prolonged in its duration and negative impact on production and employment.

Keynesian Economics Is Wrong: Bigger Gov’t Is Not Stimulus


At first I thought he was receiving bad economic policy advice.

However I believe he knew exactly what he is doing.

President Obama is what they call a front man.

In a rock band that is the singer.

The real and important question is who is puppet Obama fronting for and what are their goals.

Leading candidates include unions, trial lawyers, large investment and commerical banks, large corporation, the very wealthy including George Soros and David Rockefeller, community organizations, a foreign government, or all of the above.

President Obama has been bought and paid for.

Obama will remain loyal to whoever controls him for the simple reason they are his source of money and influence.

Also, I suspect one or more parties has information that if released to the general public would destroy him.

Therefore, he will follow orders, even if this means he will be defeated in 2012.

I concluded a long time ago that Barack Obama was intentionally trying to both destroy jobs and wreck the U.S. economy.

I think Obama is seeing the writing on the wall and has been told to drop Vice-President Biden from the ticket in 2012 and replace him with Secretary of State Hillary Clinton.

The wild card that President Obama’s controllers did not seriously take into consideration is the American people and the popularity of Sarah Palin among the conservative base in the Republican Party.

The grassroots Tea Party movement is growing every day.

This is especially true with over 26 million Americans seeking a full time job.

Obama has lost Republicans, Democrats, and Independents, conservative, libertarians, veterans, the elderly and is slowly but surely losing the young who cannot find jobs.

All of these people are joing the Tea Party movement.

What is really scaring the political class and elites is the anger and intensity of those in the grassroots Tea Party movement.

The political elites of the progressive radical socialist Democratic Party have nothing but fear and loathing of both the Tea Parties and Sarah Palin.

Their fear and loathing is palpable.

This is evidence by big media’s relenless attacks on Sarah Palin with the aim of destroying or at least damaging her.

Big media’s  big mistake is that their are at least a dozen potential candidates for President in 2012 that are equally impressive as Sarah Palin.

If President Obama continues down his road to serfdom, he and Hillary Clinton will face a decisive defeat at the polls approaching if not exceeding President Ronald Reagan’s defeat of Jimmy Carter in 1980.

How sweat it is!

A twoffer.

Background Articles and Videos

Obama’s Budget Seriously Underestimates Deficit

By Scott Grannis

“…The data for the forecast section of these charts is taken directly from Obama’s FY 2011 Budget. The forecasts presented in this budget rely, as all forecasts ultimately do, on several critical assumptions. Together, these are among the most heroic and daring assumptions I have ever seen coming from the Office of Management and Budget. They are so off the charts that I don’t think they will ever see the light of day. And that would be a good thing, because otherwise we will be facing a very unpleasant economic future.

To begin with, economic growth is expected to average about 4% per year over the next 5 years. That is quite a bit higher than the “new normal” consensus, which sees growth averaging about 2.5-3% per year. I don’t really have a problem with that, since I think the “new normal” consensus is too pessimistic. But regardless of how optimistic 4% sounds, the growth projections the administration is using imply that it would take 10 years or more for the economy to return to its potential, or full employment growth. That would amount to a decade of very frustrated voters.

Next, we have the assumption that, thanks to 4% growth and higher tax rates, there will be a surge in tax receipts stronger than we have ever seen before in post-war history. Amazingly, the administration is making little or no allowance for the likelihood that rising tax rates (e.g., the expiration of the Bush tax cuts, the imposition of big taxes on Cadillac health insurance policies, the limitation of deductions on high-income earners) and rising tax burdens might a) retard economic growth and/or b) result in lower-than-expected revenues (e.g., due to increased evasion). In other words, if the Laffer Curve asserts itself and/or the economy performs according to the “new normal” consensus, we would likely discover that tax receipts are significantly lower than the administration is projecting. …”

http://seekingalpha.com/article/187181-obama-s-budget-seriously-underestimates-deficit

U.S Debt Clock Real Time

http://www.usdebtclock.org/

Total National Debt
Fiscal Years 1900 to 2014
Year GDP-US
$ billion
Gross Public Debt-total
pct GDP
1900 20.6 10.37
1901 22.3 9.61
1902 24.1 17.70
1903 25.9 17.20
1904 25.7 18.18
1905 28.8 16.85
1906 31 16.43
1907 33.9 15.94
1908 30.1 19.20
1909 32.2 18.67
1910 33.4 18.74
1911 34.3 19.31
1912 37.4 18.70
1913 39.1 18.75
1914 36.5 21.23
1915 38.7 21.61
1916 49.6 19.00
1917 59.7 20.25
1918 75.8 28.47
1919 78.3 44.77
1920 88.4 38.86
1921 73.6 45.10
1922 73.4 45.06
1923 85.4 38.96
1924 86.9 38.03
1925 90.6 36.71
1926 96.9 34.48
1927 95.5 34.97
1928 97.4 34.15
1929 103.6 32.25
1930 91.2 36.76
1931 76.5 45.81
1932 58.7 65.91
1933 56.4 73.77
1934 66 69.67
1935 73.3 65.35
1936 83.8 63.55
1937 91.9 60.81
1938 86.1 65.74
1939 92.2 65.40
1940 101.4 62.38
1941 126.7 54.28
1942 161.9 56.68
1943 198.6 78.10
1944 219.8 99.40
1945 223.1 123.46
1946 222.3 128.40
1947 244.2 112.87
1948 269.1 100.69
1949 267.3 102.56
1950 293.8 95.80
1951 339.3 83.21
1952 358.3 80.72
1953 379.3 79.05
1954 380.4 81.54
1955 414.8 76.82
1956 437.4 73.53
1957 461.1 70.17
1958 467.2 71.60
1959 506.6 68.85
1960 526.4 67.68
1961 544.7 66.82
1962 585.6 64.72
1963 617.7 63.29
1964 663.6 60.87
1965 719.1 57.96
1966 787.7 54.20
1967 832.6 52.83
1968 909.8 51.52
1969 984.4 49.50
1970 1038.3 49.55
1971 1126.8 49.44
1972 1237.9 48.57
1973 1382.7 46.73
1974 1499.5 45.42
1975 1637.7 45.99
1976 1825.3 47.19
1977 2030.9 47.16
1978 2294.7 45.87
1979 2562.2 44.12
1980 2789.5 44.59
1981 3128.4 43.53
1982 3253.2 47.52
1983 3534.6 51.81
1984 3933.2 52.81
1985 4220.3 56.68
1986 4462.8 62.39
1987 4739.5 64.75
1988 5100.4 65.83
1989 5484.4 66.67
1990 5803.1 70.54
1991 5992.1 76.46
1992 6337.7 79.53
1993 6667.4 81.38
1994 7085.2 81.40
1995 7397.7 80.89
1996 7816.9 80.32
1997 8332.4 79.62
1998 8679.66 78.46
1999 9201.14 76.35
2000 9951.5 71.61
2001 10286.2 71.57
2002 10398.4 74.69
2003 11142.1 77.15
2004 11607 80.39
2005 12638.4 79.27
2006 13090.8 81.80
2007 14077.6 81.10
2008 14441.4 87.52
2009 14237.2 103.86
2010 14623.9 116.14
2011 15299 121.96
2012 16203.3 124.67
2013 17182.2 126.34
2014 18192.6 127.62

http://www.usgovernmentspending.com/downchart_gs.php?year=1900_2014&units=p&chart=H0-total&title=Total%20National%20Debt

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Mr. President–Put Up or Shut Up–Put Online Your Health Care Plan and Bill For the American People To Review–Otherwise–No Meeting

Posted on February 8, 2010. Filed under: Blogroll, Communications, Economics, Federal Government, Fiscal Policy, government, government spending, Health Care, Language, Law, liberty, Life, Links, media, Medicine, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Taxes, Video, Wisdom | Tags: , , , , , , |

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

~Ludwig von Mises

 

Obama Starts Over on Health Care

obama C span

 

 

Barack Obama “Public Will Have 5 Days To Look At Every Bill That Lands On My Desk”

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Sen. Cornyn ‘Broken Promises’ Floor Speech 12/6/09

White House ignores multiple requsts to go over Health care bill “line by line”

Glenn Beck Show – February 8, 2010 – Pt 2 of 7

The American people have been deliberately excluded from the health care debate.

The President and Congress repeatedly refused to put online in a timely manner their proposed health care bills.

Why? Both knew that once the American people saw what was in the bill, they would not support the bill and even actively oppose it.

President Obama never presented his own proposed Health Care bill for the American people to see.

Why?

So he could blame others for his own failure to lead and build a consenus with a bill that the vast majority of the American people would support.

Given Obama’s well deserved and growing reputation for being a habitual liar, the American people simply do not believe or trust him.

Obama ‘s Broken Promises on Fox news

7 narcissistic lies in under 2 minutes

 

Most Americans simply do not do business with habitual liars and take their business elsewhere.

The attempt by the progressive radical socialist Democratic Party lead by President Obama to cram down a health care tax and a cap and trade energy tax bill that two out of three Americans did not want clearly shows he could care less what the American people think or want.

Clearly President Obama has no respect for consumer sovereignty.

Obama wants to replace consumer choice with government mandated health insurance plans that you are required to purchase, even if you do not want the plan or you cannot afford them.

This is both unconstitutional and un-American.

Until the President of the United States puts online his own Health Care Plan and Bill, no Republican should sit down with the President.

President Obama treated the Republicans  in Congress like dirt.

Put up or shut up Mr. President.

No plan and bill online, No meeting.

Fool me once, shame on you, fool me twice, shame on me.

“The issue is always the same: the government or the market. There is no third solution.”

~Ludwig von Mises

Background Articles and Videos

“…Fox News has obtained a letter penned by House Minority Leader John Boehner (R-OH) and Minority Whip Eric Cantor (R-VA) addressed to White House Chief of Staff Rahm Emanuel. 

In the letter, they question the president’s true commitment to Bipartisanship and implore the White House to conduct all talks in public. In addition, they also ask the president to take the reconciliation process off the table.

Here is the letter:

February 8, 2010
The Honorable Rahm Emanuel
Chief of Staff
The White House
1600 Pennsylvania Avenue NW
Washington, DC 20500
Dear Mr. Emanuel:

We welcome President Obama’s announcement of forthcoming bipartisan health care talks. In fact, you may remember that last May, Republicans asked President Obama to hold bipartisan discussions on health care in an attempt to find common ground on health care, but he declined and instead chose to work with only Democrats. Since then, the President has given dozens of speeches on health care reform, operating under the premise that the more the American people learn about his plan, the more they will come to like it. Just the opposite has occurred: a majority of Americans oppose the House and Senate health care bills and want them scrapped so we can start over with a step-by-step approach focused on lowering costs for families and small businesses.

Just as important, scrapping the House and Senate health care bills would help end the uncertainty they are creating for workers and businesses and thus strengthen our shared commitment to focusing on creating jobs. Assuming the President is sincere about moving forward on health care in a bipartisan way, does that mean he will agree to start over so that we can develop a bill that is truly worthy of the support and confidence of the American people?

Health and Human Services Secretary Kathleen Sebelius said today that the President is “absolutely not” resetting the legislative process for health care. If the starting point for this meeting is the job-killing bills the American people have already soundly rejected, Republicans would rightly be reluctant to participate.Assuming the President is sincere about moving forward in a bipartisan way, does that mean he has taken off the table the idea of relying solely on Democratic votes and jamming through health care reform by way of reconciliation? As the President has noted recently, Democrats continue to hold large majorities in the House and Senate, which means they can attempt to pass a health care bill at any time through the reconciliation process.

Eliminating the possibility of reconciliation would represent an important show of good faith to Republicans and the American people.If the President intends to present any kind of legislative proposal at this discussion, will he make it available to members of Congress and the American people at least 72 hours beforehand? Our ability to move forward in a bipartisan way through this discussion rests on openness and transparency. Will the President include in this discussion congressional Democrats who have opposed the House and Senate health care bills? This bipartisan discussion should reflect the bipartisan opposition to both the House bill and the kickbacks and sweetheart deals in the Senate bill.Will the President be inviting officials and lawmakers from the states to participate in this discussion?

As you may know, legislation has been introduced in at least 36 state legislatures, similar to the proposal just passed by the Democratic-controlled Virginia State Senate, providing that no individual may be compelled to purchase health insurance. Additionally, governors of both parties have raised concerns about the additional costs that will be passed along to states under both the House and Senate bills. The President has also mentioned his commitment to have “experts” participate in health care discussions. Will the Feb. 25 discussion involve such “experts?” Will those experts include the actuaries at the Center for Medicare and Medicaid Services (CMS), who have determined that the both the House and Senate health care bill raise costs – just the opposite of their intended effect – and jeopardize seniors’ access to high-quality care by imposing massive Medicare cuts? Will those experts include the non-partisan Congressional Budget Office, which has stated that the GOP alternative would reduce premiums by up to 10 percent? Also, will Republicans be permitted to invite health care experts to participate?

Finally, as you know, this is the first televised White House health care meeting involving the President since last March. Many health care meetings of the closed-door variety have been held at the White House since then, including one where a sweetheart deal was worked out with union leaders. Will the special interest groups that the Obama Administration has cut deals with be included in this televised discussion?Of course, Americans have been dismayed by the fact that the President has broken his own pledge to hold televised health care talks. We can only hope this televised discussion is the beginning, not the end, of attempting to correct that mistake. Will the President require that any and all future health care discussions, including those held on Capitol Hill, meet this common-sense standard of transparency and openness?Your answers to these critical questions will help determine whether this will be a truly open, bipartisan discussion or merely an intramural exercise before Democrats attempt to jam through a job-killing health care bill that the American people can’t afford and don’t support. ‘Bipartisanship’ is not writing proposals of your own behind closed doors, then unveiling them and demanding Republican support. Bipartisan ends require bipartisan means.

These questions are also designed to try and make sense of the widening gap between the President’s rhetoric on bipartisanship and the reality. We cannot help but notice that each of the President’s recent bipartisan overtures has been coupled with harsh, misleading partisan attacks. For instance, the President decries Republican ‘obstruction’ when it was Republicans who first proposed bipartisan health care talks last May. The President says Republicans are ‘sitting on the sidelines’ just days after holding up our health care alternative and reading from it word for word. The President has every right to use his bully pulpit as he sees fit, but this is the kind of credibility gap that has the American people so fed up with business as usual in Washington.We look forward to receiving your answers and continuing to discuss ways we can move forward in a bipartisan manner to address the challenges facing the American people.

 Fox News’ Chad Pergram contributed to this report.  …”

http://www.foxnews.com/politics/2010/02/08/congressional-letter-questions-obamas-commitment-bipartisanship/%20/

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Global Warming Is Caused By Man: The Arrogance of Man–The Wrath Of Mother Nature–

Posted on February 8, 2010. Filed under: Climate, Communications, Computers, Economics, Federal Government, government, government spending, history, Law, liberty, Life, media, People, Philosophy, Politics, Quotations, Rants, Raves, Reviews, Science, Taxes, Technology, Video, Wisdom | Tags: , , , , , |

Rocky Mountain High: John Denver

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Global Warming Videos

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The Heidelberg Appeal: Beware of False Gods and Prophets

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Keynes Is Dead—-Obama Digging Up Keynes–Free Market Capitalism Lives

Posted on February 8, 2010. Filed under: Blogroll, Climate, Communications, Economics, Employment, Federal Government, Fiscal Policy, government, government spending, Law, liberty, Life, Links, media, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Resources, Taxes, Video, Wisdom | Tags: , , , , , , , , |

“The unprecedented success of Keynesianism is due to the fact that it provides an apparent justification for the “deficit spending” policies of contemporary governments. It is the pseudo-philosophy of those who can think of nothing else than to dissipate the capital accumulated by previous generations.

“Yet no effusions of authors however brilliant and sophisticated can alter the perennial economic laws. They are and work and take care of themselves. Notwithstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism as depicted by the “orthodox” economists are coming to pass. And then, very late indeed, even simple people will discover that Keynes did not teach us how to perform the “miracle … of turning a stone into bread,” but the not at all miraculous procedure of eating the seed corn.”

~Ludwig von Mises, Lord Keynes and Say’s Law, 1950

 

26A. ORIGINAL INTENT – Negative Influences

 

Keynesian Economics Is Wrong: Bigger Government Is Not Stimulus Stimulating The Economy 

 

Eight Reasons Why Big Government Hurts Economic Growth

The Empirical Evidence Against Big Government

Moving Beyond the Fake Stimulus: Reviewing Policies that Produce Real Growth

Don’t Turn America Into Another France

 

Best Books Criticizing Keynesian Economics

 

Most of President Obama’s economic advisors are Keynesians not to be confused with economists.

Unfortunately much of Keynes’ economic policies have been proven to not work.

Yet President Obama like President Obama is totally ignorant of economics and must rely upon Keynesians.

This is only natural since President Obama is a progressive radical socialist who believes the solution to every problem is  bigger government.

Instead President would be well advised to fire his Keynesian team of advisors and replace them with economists that believe that the government should not interfere with the free market economy.

Since this is highly unlikely the American people must resist President Obama intentional plans to take the US economy off the cliff by ever rising Federal Government spending, taxes, debt, and regulations.

These economic policies will only destroy more jobs, wreck the economy and kill the American Dream.

 Only a  grassroots movement of the American people can stop the political class from destroying free market capitalism.

The time is now.

Join the Second American Revolution.

The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American Revolution

Tea Party time is now!

Inflation: Unemployment and Inflation

by Ludwig Von Mises

“…The most important thing to remember is that inflation is not an act of God; inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy–a deliberate policy of people who resort to inflation because they consider it to be a lesser evil than unemployment. But the fact is that, in the not very long run, inflation does not cure unemployment.

Inflation is a policy. And a policy can be changed. Therefore, there is no reason to give in to inflation. If one regards inflation as an evil, then one has to stop inflating. One has to balance the budget of the government. Of course, public opinion must support this; the intellectu­als must help the people to understand. Given the sup­port of public opinion, it is certainly possible for the people’s elected representatives to abandon the policy of inflation.

We must remember that, in the long run, we may all be dead and certainly will be dead. But we should arrange our earthly affairs, for the short run in which we have to live, in the best possible way. And one of the measures necessary for this purpose is to abandon inflationary policies.”

http://www.capmag.com/article.asp?ID=2765

Background Articles On Pronk Palisades 

Barack Obama’s Favorite Economist–John Maynard Keynes–A Great Guy?

Keynes Is Dead—-Obama Digging Up Keynes–Free Market Capitalism Lives

John Maynard Keynes: Hero or Villain?

 

Keynesian Predictions vs. American History

Is Ron Paul Trying To Take Over The Republican Party?

Henry Hazlitt and the Failure of Keynesian Economics

By Richard M. Ebeling

“…The central flaw in Keynes’s thinking, Hazlitt insisted, was his unwillingness to acknowledge that the high unemployment in Great Britain in the 1920s and the United States in the 1930s was caused by government intervention, including the empowering of labor unions, that made many prices and wages virtually “rigid.” Political and special-interest power prevented markets from competitively re-establishing a balance between supply and demand for various goods. Hence, the market was trapped in wage and price distortions that destroyed employment and production opportunities, resulting in the Great Depression. (Hazlitt did not deny that the contraction of the money supply in the early 1930s increased the degree to which prices and wages had to fall to re-establish full employment.)

Hazlitt considered Keynes’s inflationary “fix” crude and dangerous. First, Hazlitt pointed out that Keynes’s focus on macroeconomic “aggregates” concealed the microeconomic relationships among a multitude of individual prices and wages. The price level, wage level, total output, aggregate demand, and aggregate supply were all statistical fictions that had no reality in the actual market. Thus the wage level could not be too high relative to the general price level. But in the 1930s many wages for different types of labor were out of balance with the prices of individual goods sold on the market. What was needed to restore full employment was an adjustment of numerous individual wages and resource prices to the lower prices of many consumer goods. The extent to which any individual money wage or resource price might have to adjust downwards depended on the distinct supply and demand conditions in each of the individual markets. …”

“…If The General Theory had so many fundamental flaws, how did it become, in the words of one of his most enthusiastic followers, “the Keynesian bible”?19 Hazlitt offered some possible reasons in his introduction to his edited volume, The Critics of Keynesian Economics, which appeared a year after his own book. He suggested that Keynes’s theories rationalized the politics of special-interest groups that desired to reap the benefits of an inflation. Also, while much of The General Theory is written in difficult language, Keynes could dazzle the reader with literary imagery and wit that hid his central logical flaws. Keynes used the “technique of obscure arguments followed by clear and triumphant conclusions,” Hazlitt said. And finally, Hazlitt conjectured that the success of the book may have had a lot to do with its appearing to overthrow the existing orthodoxy in favor of radical and fashionable ideas about social engineering. “But whatever the full explanation of the Keynesian cult,” Hazlitt concluded, “its existence is one of the great intellectual scandals of our age.”20 …”

ttp://www.thefreemanonline.org/featured/henry-hazlitt-and-the-failure-of-keynesian-economics/

Hayek on Keynes

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