The Great Depression and The Obama Depression–Videos

Posted on April 14, 2010. Filed under: Blogroll, College, Communications, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, government, government spending, Monetary Policy, Video, Wisdom | Tags: , , , , , , , , , |

 

Obama’s New New Deal: As bad as the old new deal?

The Truth About the Great Depression (by Thomas DiLorenzo)

Robert Higgs on Hoover’s Great Depression Policies ?

The Great Depression and the Current Recession (Robert Higgs)

“Robert Higgs is an American economist of the Austrian School and a libertarian anarchist. He currently serves as a Senior Fellow in Political Economy at the Independent Institute and is an adjunct faculty member of the Ludwig von Mises Institute and is an adjunct scholar at the Cato Institute. He received his Ph.D. in economics from Johns Hopkins University, and has taught at the University of Washington, Lafayette College, Seattle University, and the University of Economics, Prague. He has been a visiting scholar at Oxford University and Stanford University, and a fellow for the Hoover Institution and the National Science Foundation. Mr. Higgs is also a regular contributor to LewRockwell.com.

His writings in economics and economic history have most often focused on the causes, means, and effects of government growth. Some of the books he has authored include, Crisis and Leviathan: Critical Episodes in the Growth of American Government; Resurgence of the Warfare State: The Crisis Since 9/11, and Depression, War and Cold War: Studies in Political Economy. He is also the editor of the collections, Re-Thinking Green: Alternatives to Environmental Bureaucracy; The Challenge of Liberty: Classical Liberalism Today; and Opposing the Crusader State: Alternatives to Global Interventionism.”

80 Years Later: Parallels Between 1929 and 2009

 

 

A Recipe for the Next Great Depression

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

 

Obama’s So-Called Stimulus: Good For Government, Bad For the Economy

Ron Paul: Obama Stimulus Package Will Turn Recession Into Depression

 

UCLA’s Lee Ohanian: Hoover, Roosevelt and the Great Depression

Robert Higgs on Economic Prospects for 2010

 

Background Articles and Videos

Higgs and Liebowitz on Causes of the Economic Crisis ?

Robert Higgs on C-SPAN2’s Book TV, Part 1 of 3

Robert Higgs on C-SPAN2’s Book TV, Part 2 of 3

Robert Higgs on C-SPAN2’s Book TV, Part 3 of 3

Related Posts On Pronk Palisades

The Obama Depression: Lessons Learned–Deja Vu!

Collectivism: Socialism, Communism, Progressivism and Fascism

The Battle For The World Economy–Videos

Walter Block–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

G. William Domhoff: Who Runs America–Videos

Jonah Goldberg–Liberal Fascism–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

G. Edward Griffin- On Individualism vs. Collectivism–Videos

Mark Levin–Liberty and Tyranny: A Conservative Manifesto–Videos

Jeffrey Miron–Obamaomics–Videos

Gary North–Keynes and His Influence–Take The North Challenge–Videos

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Today’s Progressives–Obama’s Radical Socialist Democratic Party

The Racist Test for Judge Sonya Sotomayor and President Obama–Racism Unmasked!

Calling and Raising The Stakes for Race Card Players–Obama and Sotomayor

George Soros: Government Interventionist and Global Socialist–Obama’s Puppeter Master–Videos

George Soros: Barack Obama’s Money Man and Agenda Puppeter

The Cloward-Piven Strategy Of The Progressive Radical Socialists: Wrecking The U.S. Economy By Massive Government Dependence, Spending, Deficits, Debts, Taxes And Regulations!

President Barack Obama’s Role Model–President Franklin D. Roosevelt–The Worse President For The U.S. and World Economies and The American People–With The Same Results–High Unemployment Rates–Over 25 Million American Citizens Seeking Full Time Jobs Today–Worse Than The Over 13 Million Seeking Jobs During The Worse of The Great Depression!

Progressives

Progressive Radical Socialist Health Care Plan Written In Prison By Convicted Felon Richard Creamer!

Obamanomics–New Deal Progressive Radical Socialist Interventionism

Eugenics, Planned Parenthood, Population Control, and Designer Babies–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

The Obama Depression: Lessons Learned–Deja Vu!

Lord Christopher Monckton–Climate Change–Treaty–Videos

Progressive Radical Socialist Canned Criticism of American People: Danger, Profits, and Wrong Thinking

The Battle For The World Economy–Videos

Broom Budget Busting Bums: Replace The Entire Congress–Tea Party Express and Patriots–United We Stand!

Obama’s Civilian National Security Force–Youth Corp Wave–Friendly Fascism Faces–Cons–Crooks–Communists–Communities–Corps!

Obama’s Hidden Agenda and Covert Cadre of Marxists, Communists, Progressives, Radicals, Socialists–Far Left Democrats Destroying Capitalism and The American Republic

Yuri Bezmenov On KGB Soviet Propaganda and Subversion–Videos

The Bloody History of Communism–Videos

Obama Youth–Civilian National Security Force–National Socialism–Hitler Youth–Brownshirts– Redux?–Collectivism!

American Progressive Liberal Fascism–The Wave of The Future Or Back To Past Mistakes?

Today’s Progressives–Obama’s Radical Socialist Democratic Party

President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

The Progressive Radical Socialist Family Tree–ACORN & AmeriCorps–Time To Chop It Down

It Is Official–America On The Obama Road To Fascism–Thomas Sowell!

President Obama and His Keynesian Spending Cult of The Fascist Democrat Radicals–FDRs

Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Walter Block–Videos

Walter Block–Introduction To Libertarianism–Videos

Yaron Brook–Videos

Thomas DiLorenzo–The Economic Model of the Fascist State–Videos

Paul Edward Gottfried–Fascism, Anti-Fascism, and the Welfare State–Videos

David Gordon–Five Best Books on the Current Crisis–Video

David Gordon–The Confused Literature of Globalization–Videos

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

Jörg Guido Hülsmann–The Ethics of Money Production–Videos

Jörg Guido Hülsmann–The Life and Work of Ludwig von Mises–Videos

Milton Friedman–Videos

Milton Friedman on Education–Videos

Milton Friedman–Debate In Iceland–Videos

Milton Friedman–Free To Choose–On Donahue –Videos

Israel Kirzner–On Entrepreneurship–Vidoes

Liberal Fascism–Jonah Goldberg–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

Gary North–Keynes and His Influence–Take The North Challenge–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

George Gerald Reisman–Why Nazism Was Socialism and Why Socialism Is Totalitarian–Videos

Murray Rothbard–Videos

Murray Rothbard–Libertarianism–Video

Rothbard On Keynes–Videos

Murray Rothbard– What Has Government Done to Our Money?–Videos

Peter Schiff–Videos

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

Larry Sechrest–The Anticapitalists: Barbarians at the Gate–Videos

L. William Seidman on The Economic Crisis: Causes and Cures–Videos

Amity Shlaes–Videos

Julian Simon–Videos

Julian Simon–The Ultimate Resource II: People, Materials, and Environment–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas Sowell On The Housing Boom and Bust–Videos

Peter Thiel–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Woods–Lectures On Liberty–Videos

Tom Woods On Personal Rights and Property Ownership

Tom Woods–Smashing Myths and Restoring Sound Money–Videos

Tom Woods–Who Killed The Constitution

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

Read Full Post | Make a Comment ( None so far )

Progressive Radical Socialist Takeover Of America–Obama Repeating The New Deal Depression–The American People’s 9/12 Project Response

Posted on March 12, 2010. Filed under: Blogroll, Communications, Culture, Demographics, Economics, Education, Employment, Federal Government, Fiscal Policy, Foreign Policy, government, government spending, Health Care, history, Immigration, Law, liberty, Life, Links, Medicine, Monetary Policy, People, Philosophy, Politics, Rants, Raves, Regulations, Resources, Science, Security, Strategy, Talk Radio, Taxes, Technology, Transportation, Video, War, Wisdom | Tags: , , , , , , , , , |

Progressive Radical Socialist Takeover Of America–Obama Repeating The New Deal Depression

Glenn Beck Show – Thursday March 11, 2010 – Part 1

Glenn Beck Show – Thursday March 11, 2010 – Part 2

Glenn Beck Show – Thursday March 11, 2010 – Part 3

Glenn Beck Show – Thursday March 11, 2010 – Part 4

Glenn Beck Show – Thursday March 11, 2010 – Part 5

The American People’s 9/12 Project  Response

Glenn Beck Show – Friday March 12, 2010 – Part 1 of 5

 

Glenn Beck Show – Friday March 12, 2010 – Part 2 of 5

Glenn Beck Show – Friday March 12, 2010 – Part 3 of 5

Glenn Beck Show – Friday March 12, 2010 – Part 4 of 5

Glenn Beck Show – Friday March 12, 2010 – Part 5 of 5

Related Posts On Pronk Palisades

Cloward Piven

The Cloward-Piven Strategy Of The Progressive Radical Socialists: Wrecking The U.S. Economy By Massive Government Dependence, Spending, Deficits, Debts, Taxes And Regulations!

Cloward Piven Strategy–The Crisis Strategy Of Barack Obama

President Obama’s Cloward-Piven Strategy of Controlled Crisis Creation Crippling Capitalism–Coup D-Etat On America

Tom Coburn

Senator Coburn Educates The Educated Fools aka Progressive Radical Socialists Who Cannot Write, Read, Or Understand The Health Care Bill or Competitive Markets!

Senator Tom Coburn Makes The Progressive Radical Socialists Read Their Socialized Medicine Amendment to Health Care Bill!–Three Cheers–Kill The Bill!

Obama’s Trick On The American People: Health Insurance Reform=Huge Hikes in Taxes and Premiums for Health Insurance and Massive Medicare Funding and Payment Reimbursement Cuts–Congressional Coercion–It’s Alive!

Republican Health Care Reform: The Patients’ Choice Act

Medical Doctor and Senator Tom Coburn On Health Care–Videos

The Senate Doctors Show–Videos

Health Care

Obama’s Big Whopper–”The largest deficit reduction plan in a decade.”–Delusional Deceitful Democrats–Massive Tax Increases and Economy Wrecker–Health Care Bill If Passed Is Unconstitutional!

Senator Coburn Educates The Educated Fools aka Progressive Radical Socialists Who Cannot Write, Read, Or Understand The Health Care Bill or Competitive Markets!

Senator Coburn Educates The Educated Fools aka Progressive Radical Socialists Who Cannot Write, Read, Or Understand The Health Care Bill or Competitive Markets!

Senator Tom Coburn Makes The Progressive Radical Socialists Read Their Socialized Medicine Amendment to Health Care Bill!–Three Cheers–Kill The Bill!

Progressive Radical Socialist Health Care Plan Written In Prison By Convicted ACORN Felon Richard Creamer!

Obama’s Trick On The American People: Health Insurance Reform=Huge Hikes in Taxes and Premiums for Health Insurance and Massive Medicare Funding and Payment Reimbursement Cuts–Congressional Coercion–It’s Alive!

Second Opinion: Doctors Speak Up On Proposed Health Care Reform–And A Third Texas Opinion!–Videos

American Citizens Want Jobs and Criminal Alien Removal, Not Criminal Alien Census and Health Care!

Illegal Aliens Can Buy Health Insurance Plans–No ID Needed:–Demand Criminal Alien Removal and Deportation!

Congressman Paul Ryan–Townhall Meeting–Health Care Reform and The Patients Choice Act–Videos

The Arrogance of President Obama: Hectoring Habitual Liar

Broom Budget Busting Bums: Replace The Entire Congress–Tea Party Express and Patriots–United We Stand!

Public Option = Government Option = Pathway to Single Payer = Single Payer = Socialized Medicine = Blue Pill = Poison Pill

Obama: First We Kill The Babies, Then We Kill The Elderly, Then We Kill The Veterans–Your Life, Your Choices–Your Time Is Up!

This Joker Is A Lost Cause: Keeping President Obama Honest on Health Care–Let’s But A Smile On That Face–Staying Alive

Fact 1. Federal Government Health Insurance Is Compulsory–Kill The Bill–H.R. 3200

Patient Empowerment: Health Savings Accounts–High Deductible Catastrophic Health Insurance–Affordable, Portable, Fair, Individual Health Care Plan–Consumer Driven Health Care Reform!

The Dangers Of A Single Payer Health Care System: Ronald Reagan On Socialized Medicine and Friedrich A. Hayek On State Monopoly

The American People Believe The Government Public Option Plan Is The Path To The Single Payer Government Plan–Socialized Medicine–Obama Caught Lying To The American People!

The American People Confront Obama’s Red Shirts (ACORN) and Purple Shirts (SEIU)–Bullhorns and Beatings Over Obama Care!

The Obama Depression Has Arrived: 15,000,000 to 25,000,000 Unemployed Americans–Stimulus Package and Bailouts A Failure–400,000 Leave Labor Force In July!

Obama’s Marching Orders For His Red Shirts (ACORN), Purple Shirts (SEIU) and Black Shirts (New Panther Party)–Progressive Radical Socialists

Health Care Resources

Republican Health Care Reform: The Patients’ Choice Act

Medical Doctor and Senator Tom Coburn On Health Care–Videos

The Senate Doctors Show–Videos

Obama’s Waterloo– Government Compulsory Single Payer Socialized Medicine!–Videos

President Obama’s Plan of Massive Deficit Spending Is Destroying The US Economy–The American People Say Stop Socialism BS Now!

The Bum’s Rush of The American People: The Totally Irresponsible Democratic Party Health Care Bill and Obama’s Big Lie Exposed

Chairman Obama’s Progressive Radical Socialist Health Care Bill Kills Individual Private Health Care Insurance–Join The Second American Revolution!

The Obama Big Lie and Inconvenient Truth About Health Care–The Public Option Trojan Horse–Leads To A Single Payor Goverment Monopoly of Health Care and The Bankruptcy of USA!

The Obama Public Option Poison Pill For A Government Health Care Monopoly–Single Payer System–Betting Your Life and Paying Though The Nose

Government Bureaucracy: Organizational Chart of The House Democrats’ Health Plan

Dr. Robert W. Christensen–Videos

John Stossel–Sick In America–Videos

Congressman Paul Ryan–Townhall Meeting–Health Care Reform and The Patients Choice Act–Videos

The Small Business and Self-Employed Perspective on Health Care Reform

Read Full Post | Make a Comment ( None so far )

President Barack Obama’s Role Model–President Franklin D. Roosevelt–The Worse President For The U.S. and World Economies and The American People–With The Same Results–High Unemployment Rates–Over 25 Million American Citizens Seeking Full Time Jobs Today–Worse Than The Over 13 Million Seeking Jobs During The Worse of The Great Depression!

Posted on January 6, 2010. Filed under: Blogroll, Communications, Economics, Employment, Fiscal Policy, government spending, Investments, Law, liberty, Life, Links, Monetary Policy, People, Philosophy, Politics, Raves, Regulations, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , |

 “The comparatively greater prosperity of the United States is an outcome of the fact that the New Deal did not come in 1900 or 1910, but only in 1933.”

~Ludwig von Mises, Planning for Freedom, page 136.

Great Depression vs. Today – New Deal or Raw Deal? – Rooseveltism vs. Obamaism

Glenn Beck – Road to Socialism: Yaron Brook, Ayn Rand Center

Tom Woods on Glenn Beck “Meltdown” 02/09/2009

Book TV: Burton Folsom “New Deal or Raw Deal?”

http://www.youtube.com/watch?v=Zis7sxCfooM

Jim Powell Parses the New Deal on C-SPAN (1 of 2)

Jim Powell Parses the New Deal on C-SPAN (2 of 2)

Why You’ve Never Heard of the Great Depression of 1920

A Recipe for the Next Great Depression

Unemployment: The 1930s and Today

Uncommon Knowledge: The Great Depression with Amity Shlaes

Amity Shlaes’ “The Forgotten Man” 1

Amity Shlaes’ “The Forgotten Man” 2

Amity Shlaes’ “The Forgotten Man” 3

Amity Shlaes’ “The Forgotten Man” 4

Amity Shlaes’ “The Forgotten Man” 5

Amity Shlaes’ “The Forgotten Man” 6

Amity Shlaes’ “The Forgotten Man” 7

The Great Depression and the Current Recession (Part 1 of 9)

The Great Depression and the Current Recession (Part 2 of 9)

The Great Depression and the Current Recession (Part 3 of 9)

The Great Depression and the Current Recession (Part 4 of 9)

The Great Depression and the Current Recession (Part 5 of 9)

The Great Depression and the Current Recession (Part 6 of 9)

The Great Depression and the Current Recession (Part 7 of 9)

The Great Depression and the Current Recession (Part 8 of 9)

The Great Depression and the Current Recession (Part 9 of 9)

“The cyclical fluctuations of business are not an occurrence originating in the sphere of the unhampered market, but a product of government interference with business conditions designed to lower the rate of interest below the height at which the free market would have fixed it.”

~Ludwig von Mises, Human Action, pages 562 and 565.

Among liberal and progressive radical socialists the late President Franklin D. Roosevelt was and is now considered one of the top three greatest Presidents that ever lived in the same class as George Washington and Abraham Lincoln.

Read American historians, who also are mostly liberals and progressives and whose knowledge of economics is as limited or even more limited than President Roosevelt, they too believe in the greatness of FDR.

This legend is the biggest myth or more precisely lie ever told and endless repeated.

Franklin D. Roosevelt was simply the worse President the United States has ever had in terms of the impact his economic policies had on the American economy and American people.

If you doubt this, I strongly recommend you read all of the above books.

What is so disturbing and very dangerous is that one of Barack Obama Presidential role models is Franklin Roosevelt.

President Obama  has surrounded himself with economic and political advisors who are progressive radical socialists that actually believe that repeating FDR’s economic policies would be a good for the country.

Thus the massive bailouts, stimulus packages, massive budget deficits, huge increases in the national debt, proposed new tax increases including the Cap and Trade Energy Tax,  letting the Bush tax cuts expire in 2010, and the new health care bill forcing people to buy health insurance or pay a tax fine.

Barack Obama and Franklin D. Roosevelt have many characteristics in common.

Both were educated at Harvard and Columbia Universities.

Both were excellent readers of prepared speeches.

Both were habitual liars.

Both were great believers in class warfare on businesses and the rich with very high progressive  income tax rates while at the same time imposing  hidden very regressive excise taxes on low and middle income Americans.

Both were ignorant of economics. job and wealth creation

Both destroyed jobs and wrecked the U.S. economy.

Good intentions are not enough.

Results count.

President Obama is intentionally repeating the economic mistakes of President Roosevelt that will destroy both free market capitalism and democracy and lead to a totalitarian command and control socialist economy.

I hope President Obama fails early and often and is a one term President that in the process destroys the Democratic Party of progressive radical socialists.

With over 25,000,000 Americans seeking fully time employment, repeating the mistakes of Keynesian government interventist economic policies that have repeatedly failed in country after country will only prolong the duration of the  Obama Depression.

Republican and Democratic Presidents, in the past and present, Hoover and Roosevelt, and Bush and Obama, have failed the American people by implementing massive government intervention in the free market capitalist economy.

Read and listen to economist Thomas Sowell on President Obama’s economic policies using Roosevelt as a model:

Thomas Sowell on the Housing Boom and Bust

Thomas Sowell – Obama’s Economic Policy

“Those who do not remember the past are condemned to repeat it.”

~George Santayana

Background Articles and Videos

Glen Beck with Thomas Sowell Part 1

Glenn Beck with Thomas Sowell Part 2

The Myth of War Prosperity [Robert Higgs]

 

Monetary Lessons from America’s Past

Does Bernanke Have an Exit Strategy?

Tom Woods at UNH 110609

Scholar survey results

Green backgrounds indicate top quartile. Red backgrounds indicate bottom quartile.

No  ↓ President  ↓ Schlesinger 1948 poll rank  ↓ Schlesinger 1962 poll rank  ↓ 1982 Murray-Blessing survey  ↓ Chicago Tribune 1982 poll rank  ↓ Siena 1982 poll rank  ↓ Siena 1990 poll rank  ↓ Siena 1994 poll rank  ↓ Ridings- McIver 1996 poll rank  ↓ CSPAN 1999 poll rank  ↓ Wall Street Journal 2000 poll rank  ↓ Siena 2002 poll rank  ↓ Wall Street Journal 2005 poll rank  ↓ CSPAN 2009 poll rank  ↓
Total in survey 29 31 36 38 39 40 41 41 41 39 42 40 42
01 Washington George Washington 02 02 03 03 04 04 04 03 03 01 04 01 02
02 Adams, John John Adams 09 10 09 14 (tie) 10 14 12 14 16 13 12 13 17
03 Jeff Thomas Jefferson 05 05 04 05 02 03 05 04 07 04 05 04 07
04 Mad James Madison 14 12 14 17 09 08 09 10 18 15 09 17 20
05 Mon James Monroe 12 18 15 16 15 11 15 13 14 16 08 16 14
06 Adams, John Q John Quincy Adams 11 13 16 19 17 16 17 18 19 20 17 25 19
07 Jack Andrew Jackson 06 06 07 06 13 09 11 08 13 06 13 10 13
08 Van B Martin Van Buren 15 17 20 18 21 21 22 21 30 23 24 27 31
09 Harrison, W William Henry Harrison  –  –  – 38 26 35 28 35 37  – 36  – 39
10 Tyle John Tyler 22 25 28 29 34 33 34 34 36 34 37 35 35
11 Polk James K. Polk 10 08 12 11 12 13 14 11 12 10 11 09 12
12 Tay Zachary Taylor 25 24 27 28 29 34 33 29 28 31 34 33 29
13 Fil Millard Fillmore 24 26 29 31 32 32 35 36 35 35 38 36 37
14 Pier Franklin Pierce 27 28 31 35 35 36 37 37 39 37 39 38 40
15 Buc James Buchanan 26 29 33 36 37 38 39 40 41 39 41 40 42
16 Linc Abraham Lincoln 01 01 01 01 03 02 02 01 01 02 02 02 01
17 Johnson, A Andrew Johnson 19 23 32 32 38 39 40 39 40 36 42 37 41
18 Gran Ulysses S. Grant 28 30 35 30 36 37 38 38 33 32 35 29 23
19 Hay Rutherford B. Hayes 13 14 22 22 22 23 24 25 26 22 27 24 33
20 Gar James Garfield  –  –  – 33 25 30 26 30 29  – 33  – 28
21 Art Chester A. Arthur 17 21 26 24 24 26 27 28 32 26 30 26 32
22/24 Cle Grover Cleveland 08 11 17 13 18 17 19 16 17 12 20 12 21
23 Harrison, B Benjamin Harrison 21 20 23 25 31 29 30 31 31 27 32 30 30
25 McK William McKinley 18 15 18 10 19 19 18 17 15 14 19 14 16
26 Roosevelt, T Theodore Roosevelt 07 07 05 04 05 05 03 05 04 05 03 05 04
27 Taf William Howard Taft 16 16 19 20 20 20 21 20 24 19 21 20 24
28 Wilson Woodrow Wilson 04 04 06 07 06 06 06 06 06 11 06 11 09
29 Harding Warren G. Harding 29 31 36 37 39 40 41 41 38 37 40 39 38
30 Cool Calvin Coolidge 23 27 30 27 30 31 36 33 27 25 29 23 26
31 Hoov Herbert Hoover 20 19 21 21 27 28 29 24 34 29 31 31 34
32 Roosevelt, F Franklin D. Roosevelt 03 03 02 02 01 01 01 02 02 03 01 03 03
33 Truman Harry S. Truman  – 09 08 08 07 07 07 07 05 07 07 07 05
34 Eisen Dwight D. Eisenhower  – 22 11 09 11 12 08 09 09 09 10 08 08
35 Kennedy, J John F. Kennedy  –  – 13 14 (tie) 08 10 10 15 08 18 14 15 06
36 Johnson, L Lyndon B. Johnson  –  – 10 12 14 15 13 12 11 17 15 18 11
37 Nix Richard Nixon  –  – 34 34 28 25 23 32 25 33 26 32 27
38 Ford, G Gerald R. Ford  –  – 24 23 23 27 32 27 23 28 28 28 22
39 Carter Jimmy Carter  –  – 25 26 33 24 25 19 22 30 25 34 25
40 Reagan Ronald Reagan  –  –  –  – 16 22 20 26 10 08 16 06 10
41 Bush, George H George H. W. Bush  –  –  –  –  – 18 31 22 20 21 22 21 18
42 Clinton, B Bill Clinton  –  –  –  –  –  – 16 23 21 24 18 22 15
43 Bush, George W George W. Bush  –  –  –  –  –  –  –  –  –  – 23 19 36
44 Obama Barack Obama  –  –  –  –  –  –  –  –  –  –  –  –  –

 http://en.wikipedia.org/wiki/Historical_rankings_of_United_States_Presidents

Related Posts On Pronk Palisades

Economists

The Battle For The World Economy–Videos

Frederic Bastiat–The Law–Videos

Yaron Brook–Videos

David Gordon–Five Best Books on the Current Crisis–Video

Friedrich Hayek–Videos

Henry Hazlitt–Economics In One Lesson–Videos

The Great Depression and the Current Recession–Robert Higgs–Videos

Milton Friedman–Videos

Milton Friedman on Education–Videos

Ludwig von Mises–Videos

Robert P. Murphy–Videos

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Murray Rothbard–Videos

Rothbard On Keynes–Videos

Peter Schiff–Videos

Schiff, Forbers and Bloomberg Nail The Financial Crisis and Recession–Mistakes Were Made–Greed, Arrogance, Stupidity–Three Chinese Curses!

L. William Seidman on The Economic Crisis: Causes and Cures–Videos

Amity Shlaes–Videos

Julian Simon–Videos

Thomas Sowell and Conflict of Visions–Videos

Thomas E. Woods, Jr.–Videos

Thomas E. Woods–The Economic Crisis and The Federal Reserve–Videos

Tom Wright On The FairTax–Videos

Banking Cartel’s Public Relations Campaign Continues:Federal Reserve Chairman Ben Bernanke On The Record

Read Full Post | Make a Comment ( None so far )

Today’s Progressives–Obama’s Radical Socialist Democratic Party

Posted on June 12, 2009. Filed under: Blogroll, Economics, Employment, Law, liberty, Links, People, Philosophy, Politics, Quotations, Rants, Raves, Security, Taxes, Video, Wisdom | Tags: , , , , , , , , , , , , |

statute_liberty

“The progressives who today masquerade as liberals may rant against fascism; yet it is their policy that paves the way for Hitlerism.”

~Ludwig von Mises, Interventionism, page 88

 

Glenn Beck Exposes the Progressive Movements Fascist Agenda

 

Glenn Beck: 5/7, June 11

Glenn Beck: 6/7, June 11

Glenn Beck: 7/7, June 11

Glenn Beck…Bank of America (2)

Stop today’s progressives–the radical socialist Democratic Party before they wreck the US economy and destroy even more jobs!

Unemployment Rate Surges

Stop The Spending and Deficits

US Federal Government Deficits

federal_spending

Stop Spending Our Future – The Crisis

Daniel J. Mitchell – USA: Drowning In Debt?

Stop The Cap and Trade Carbon Dioxide Energy Tax

MAJOR REDUCTIONS IN CARBON EMISSIONS ARE NOT WORTH THE MONEY DEBATE: PETER HUBER

You are invited to attend a Tea Party on July 4, 2009, Independence Day!

 

Happy_July_4

Join the Second American Revolution

we_the_people

The Meaning of Independence Day

Ayn Rand Center for Individual Rights

Second American Revolution–Tea Party Celebrations–Washington Fair–July 4, 2009–An Open Invitation To The American People

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009!

Independents Lead The The Second American Revolution Surge–Independence Day–Saturday July 4, 2009 In Washington D.C.–Tea Party Time–On To Washington–Dare You To Move!

Please Spread The Message of Liberty

liberty_bell1

Proclaim liberty throughout the land to all its inhabitants.”

 

Let Freedom Ring

 

 

Thomas Paine on to Washington

switchfoot-dare you to move(live)

God Bless the USA – Lee Greenwood

“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”

~Ludwig von Mises, Liberalism, page 79.

 

Background Articles and Videos

Progressivism

“…Progressivism is a political and social term that refers to ideologies and movements favoring or advocating progress, changes, improvement, or reform, as opposed to wishing to maintain things as they are.

In the United States, the term progressive emerged in the late 19th century into the 20th century in reference to a more general response to the vast changes brought by industrialization: an alternative to both the traditional conservative response to social and economic issues and to the various more radical streams of socialism and anarchism which opposed them. Political parties, such as the Progressive Party, organized at the start of the 20th century, and progressivism made great strides under American presidents Theodore Roosevelt, William H. Taft, Woodrow Wilson, Franklin Delano Roosevelt and Lyndon Baines Johnson.[1] …”

http://en.wikipedia.org/wiki/Progressivism

Progressive Era

“…The Progressive Era in the United States was a period of reform which lasted from the 1890s to the 1920s.[1]

Responding to the changes brought about by industrialization, [2] the Progressives advocated a wide range of economic, political, social, and moral reforms.[3] Initially the movement was successful at local level, and then it progressed to state and gradually national. Both the reformers and their opponents were predominantly members of the middle class.

Significant changes achieved at the national levels included the income tax with the Sixteenth Amendment, direct election of Senators with the Seventeenth Amendment, Prohibition with the Eighteenth Amendment, and women’s suffrage through the Nineteenth Amendment to the U.S. Constitution.

Muckrakers were journalists who exposed waste, corruption, and scandal in the highly influential new medium of national magazines, such as McClure’s. Progressives shared a common belief in the ability of science, technology and disinterested expertise to identify problems and come up with the best solution.

Progressives moved to enable the citizenry to rule more directly and circumvent political bosses; California, Wisconsin, and Oregon took the lead.[4] California governor Hiram Johnson established the initiative, referendum, and recall, viewing them as good influences for citizen participation against the historic influence of large corporations on state assembly.[5] About 16 states began using primary elections. Many cities set up municipal reference bureaus to study the budgets and administrative structures of local governments. In Illinois, Governor Frank Lowden undertook a major reorganization of state government.[6] In Wisconsin, the stronghold of Robert LaFollette, the Wisconsin Idea, used the state university as the source of ideas and expertise.[7] Characteristics of progressivism included a favorable attitude toward urban-industrial society, belief in mankind’s ability to improve the environment and conditions of life, belief in obligation to intervene in economic and social affairs, and a belief in the ability of experts and in efficiency of government intervention. …”

http://en.wikipedia.org/wiki/Progressive_Era

Liberal Fascism (1) — Jonah Goldberg ** UNEDITED **

 

Liberal Fascism (2) — Jonah Goldberg ** UNEDITED **

 

Liberal Fascism (3) — Jonah Goldberg ** UNEDITED **

 

Liberal Fascism (4) — Jonah Goldberg ** UNEDITED **

 

Liberal Fascism (5) — Jonah Goldberg ** UNEDITED **

 

Liberal Fascism Q-A (1)

 

Liberal Fascism Q-A (2)

 

Liberal Fascism Q-A (3)

 

The Next Progressive Era

The Progressive Era

George Soros and Acorn in the 2008 Elections

Related Posts On Pronk Palisades

United States Economic Depressions–The Good, The Bad, and The Ugly–Obama’s Depression–Over 15,000,000 Americans Seek Full Time Job!

The Obama Depression (OD) Starts July 4, 2009–30 Million Americans March To Tea Parties In Washington D.C. and Over 1,000 Cities and Towns Across America!

US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated!

President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

Living The American Dream and Defending The American Dream

Independents Lead The The Second American Revolution Surge–Independence Day–Saturday July 4, 2009 In Washington D.C.–Tea Party Time–On To Washington–Dare You To Move!

George Soros: Barack Obama’s Money Man and Agenda Puppeter

Barack Obama America’s Puppet President Pinocchio –The Transparent Lies–Ears and Nose Are Growing?

Voters Beware: The Radical Rules of Saul Alinsky and Leftist Democrats

Thomas E. Woods, Jr.–Videos

Amity Shlaes–Videos

Liberal Fascism–Jonah Goldberg–Videos

Thomas Sowell and Conflict of Visions–Videos

Obama–Ayers–Chicago Annenberg Challenge–ACORN–Radical Socialists–Terrorist Bombers–Videos

ACORN Or Association of Community Organizations for Reform Now–Good Intentioned People Lead By Criminal Organizers–Demand A Special Prosecutor To Investigate!–Videos

ACORN–Association of Community Organizations for Reform Now–Obama’s Red Shirts

White House Memo: Carbon Dioxide Is Not A Pollutant and A Cap And Trade Program (Carbon Dioxide Tax) Serious Economic Impact –The Smoking Gun Video!

Banking–Videos

Creature from Jekyll Island: The Federal Reserve System–Videos

The Monopoly Men: The Federal Reserve Bank Cartel–Videos

A New Political Party In The United States? American Citizens Alliance Party–ACAP On Government Spending, Taxes, Debt, and Regulations!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

US Federal Government Fails Stress Test–Insolvent: Time Has Arrived For Downsizing–Departments and Subsidies To Be Eliminated!

M3 Money Meteorite Moves–Deep Impact–The Coming Inflation Tidal Wave–Wage and Price Controls Will Signal Radical Socialist Obama’s Failure!

The 12 Trillion–$12,000,000,000,000 Crime of The Century: The Decline and Fall of United States of America By Radical Socialist Spending–Look Before You Leap!

The Financial Crime of The Century: William K. Black On Massive Mortgage Fraud –Videos

Bailed Out Bank Trillion Dollar Derivative Exposure

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Federal Government Extortion Of Sound Banks–You Decide?–Take This TARP and Shove It!

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

Barack Obama America’s Puppet President Pinocchio –The Transparent Lies–Ears and Nose Are Growing?

President Doom and Panic Obama’s Big Lie: More Government Spending Works and Tax Cuts Do Not Work

American People’s Household Stimulus Package Check–Please Call Today–Ask: Where is My Household Check for $7,044.24! I want my money back!

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C., Saturday, July 4 2009! Revised and Updated

Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously!

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Boycott Bailedout Businesses and Banks

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Bill Gates–Hope, Change and Rapid Affluence Development–Creative Capitalism!

The Fountainhead, Atlas Shrugged and The Ideas of Ayn Rand

Recession–Recession–Recession–Scaring People–Have A Hot Dog!

It Is Official–The U.S. Economy Has Been In A Recession for 11 Months and Continuing!

Read Full Post | Make a Comment ( 2 so far )

The Second Breaking Wave of Mortgage Defaults–Alt+A and Option Arm Mortgages–Crashes US Economy!–Videos

Posted on February 23, 2009. Filed under: Blogroll, Economics, Education, Employment, Homes, Investments, Law, Links, People, Quotations, Regulations, Security, Taxes, Video | Tags: , , , , , |

The American people have as the song goes “Ain’t Seen Nothing Yet”!

Cash is king or more precisely hard assets or commodities are especially gold, silver, etc.

Buy guns and safes to protect them.

Unfortunately the third wave of mortgage defaults will be in commercial real estate and will shortly follow the second wave.

The greedy, arrogant, stupid bastards that got us into this mess are really beginning to make me mad including the political class in Washington who were their pals.

No more bailouts–on strike–shut it down.

A phrase even the radical socialists might even be able to understand.

Result: 18 month to 24 month recession, unemployment rate peaks at 15% in next 12 months.

Hang on to your job if you have one.

Great investment buying opportunity in real estate and eventually equities over the next 12 to 18 months.

For the long run buy commodities or raw materials.

Just wait awhile.

You ain’t seen nothing yet.

Jim Rogers has it completely right. My favorite video–three cheers!

Jim Rogers about Tim Geithner testimony 2009.02.11

 

When it comes to economics President Obama is an economic illiterate advised by a group of arrogant big government economists who think government intervention is the answer to the world’s economic problems–living in the 1930s with the same results.
 

Tom Woods on Glenn Beck “Meltdown” 02/09/2009

 

History of Housing Prices Chart – *SHOCKING* You Need To See This!

Count me out.

Join the second American Revolution and march on Washington July 4, 2009:

 

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009! 

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

 

This may be you last chance for a some time.

Time to take care of business and get out of Dodge.

Learn Chinese!

 

Bachman Turner Overdrive – You Ain’t Seen Nothing Yet

 

Alt+A and Option Arm Mortage Crises Yet to Come – MORE BANKER FRAUD (1 of 2)

 

Alt+A and Option Arm Mortage Crises Yet to Come – MORE BANKER FRAUD (2 of 2)

 

 Deconstructing the Subprime Crisis

 

Mr Mortgage – HERE COMES THE ALT-A CRISIS

 

Mr Mortgage on the Pay Option ARM Implosion

 

Mark Zandi on the Risky Loans Behind the Meltdown

 

Jeremy Siegel on the Resilience of American Finance

 

Franklin Allen on Lessons from the Subprime Crisis

 

Richard Herring on What’s Next for Investment Banks

 

Wall Streets Day of Reckoning: Turmoil in the Global Market

 

John Berlau on Obama’s Mortgage Rescue Plan

 

1/3) Tom Woods: Meltdown (Lew Rockwell Show 2/11/09)

 

2/3) Tom Woods: Meltdown (Lew Rockwell Show 2/11/09)

 

3/3) Tom Woods: Meltdown (Lew Rockwell Show 2/11/09)

 

Bachman Turner Overdrive “Takin Care Of Business” Live ’74

 

 Background Articles and Videos

Jim Rogers on the Asian Financial Forum pt 1/2 Jan 21 2009

 

Jim Rogers on the Asian Financial Forum pt 2/2 Jan 21 2009

 

Investment guru Jim Rogers

 

Jim Rogers : Teach your children Chinese !!!!!!!!

 

Richard Herring on Mortgage-backed Securities

 

Angry renters, unite!

By Michelle Malkin  

“…I want you to look at this chart, via AngryRenter.com. While ACORN and the housing entitlement mob get all the press, look who’s not getting attention.

Now, here’s some feedback in response to my appearance on FNC’s Neil Cavuto show this afternoon in support of renters (self included) who are getting the shaft from the housing entitlement-mongers: …”

http://michellemalkin.com/2009/02/19/angry-renters-unite/

 

Neil Cavuto shout down

 

 

The Federal Response to Home Mortgage Distress:

Lessons from the Great Depression

David C. Wheelock

“…The sharp increase in mortgage delinquencies and foreclosures during 2007 prompted numerous calls for government intervention in housing and mortgage markets, including the creation of an HOLC-like agency to purchase delinquent mortgages. The right of lenders to foreclose on collateral is themain reason why the interest rates on secured loans, such as home mortgages, are typically much lower than those on unsecured loans, such as credit card debt. Ordinarily, mortgage foreclosures receive little notice from the public because they have little impact on parties other than the delinquent borrower. However, when the number of foreclosures is high or concentrated geographically, they can lower property values, destabilize neighborhoods, and impose other social costs. Such “externalities” can justify government intervention to reduce the number of foreclosures. …”

 

 

 

 

http://research.stlouisfed.org/publications/review/08/05/Wheelock.pdf

 

 

 

 

New data analysis helps identify future foreclosure trouble spots

“…First, some background on the data we used. This background discussion includes a brief overview of two recent and related changes in the mortgage market: namely, mortgage securitization and the use of risk-based pricing for mortgage loans.

In the past, lenders originated, serviced, and owned their mortgages. However, in recent years, it has become more common to separate these functions. Typically, mortgages are now pooled and sold to secondary market investors, while the rights to service the loans are sold to a servicer, a firm that specializes in conducting this activity for a fee. The share of U.S. residential mortgage debt in a mortgage pool or trust has grown in the past decade. As of the second quarter of 2007, it accounted for 57 percent of total mortgage debt.1/

As the use of securitization expanded, lenders found that investors had a ready appetite for securities backed by nonprime (that is, subprime and alt-A) loans. By 2006, the number of nonprime mortgage originations increased substantially, accounting for 40 percent of all newly securitized mortgages, compared to only 9 percent in 2001.2/

In retrospect, it appears as though the chain of securitization failed to align the interests of mortgage originators, who earned fees by making loans, and investors in mortgage-backed securities, who ultimately bore the credit risk of the loans. Why investors did not exert sufficient oversight to ensure the quality of securitized mortgages is beyond the scope of this article.

The data used in our analysis capture a good deal of information about the simultaneous growth in and fusion of nonprime lending and mortgage securitization. In particular, the data include a sizable proportion of all loans sold into subprime or alt-A securities. As noted above, alt-A and subprime loans are considered riskier than prime loans and more prone to default. The risk is due mainly to quality and size considerations that make these loans “nonconforming” in the eyes of Fannie Mae and Freddie Mac.3/

Our understanding is that LP captures about 70 percent of subprime securities and 95 percent of alt-A securities. Still, it is important to remember that these data do not include any loans held on a bank’s books. The data used in this article are from October 2007. …”

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=2453

 

The Rise in Mortgage Defaults

Chris Mayer, Karen Pence, and Shane M. Sherlund

“…The mortgage market began suffering serious problems in mid-2005. According to data from the Mortgage Bankers Association, the share of mortgage loans that were “seriously delinquent” (90 days or more past due or in the process of foreclosure) averaged 1.7 percent from 1979 to 2006, with a low of about 0.7 percent (in 1979) and a high of about 2.4 percent (in 2002). But by the second quarter of 2008, the share of seriously delinquent mortgages had surged to 4.5 percent. These delinquencies foreshadowed a sharp rise in foreclosures: roughly 1.2 million foreclosures were started in the first half of 2008, an increase of 79 percent from the 650,000 in the first half of 2007 (Federal Reserve estimates based on data from the Mortgage Bankers Association). No precise national data exist on what share of foreclosures that start are actually completed, but anecdotal evidence suggests that historically the proportion has been somewhat less than half (Cordell et al., 2008).

Mortgage defaults and delinquencies are particularly concentrated among borrowers whose mortgages are classified as “subprime” or “near-prime.” Some key players in the mortgage market group these two into a single category, which we will call “nonprime” lending. Although the categories are not rigidly defined, subprime loans are generally targeted to borrowers who have tarnished credit histories and little savings available for down payments. Near-prime mortgages are made to borrowers with more minor credit quality issues or borrowers who are unable or unwilling to provide full documentation of assets or income; some of these borrowers are investing in real estate rather than occupying the properties they purchase. Near-prime mortgages are often bundled into securities marketed as “Alt-A.” Since our data are based on the loans underlying such securities, we use the term “Alt-A” to refer to near-prime loans in the remainder of this paper. …”

“…Conclusions and Future Research

Slackened underwriting standards–manifested most dramatically by lenders allowing borrowers to forego downpayments entirely–combined with stagnant to falling house prices in many parts of the country appear to be the most immediate contributors to the rise in mortgage defaults. The surge in early payment defaults and the rise in the share of mortgages with low or no documentation suggest that underwriting also deteriorated along other dimensions. Because downpayments were so small, when house prices declined many borrowers had little or no equity in their properties and thus less incentive to repay their mortgages. In the industrial Midwest, economic distress was also a factor in the heightened defaults. Unorthodox mortgage features such as rate resets, prepayment penalties, or negative amortization provisions do not appear to be significant contributors to date to the defaults because borrowers who experienced problems with these provisions could refinance into other mortgages. However, as markets realized the extent of the poor underwriting and house prices began to fall, refinancing opportunites became more limited. Borrowers may not be able to resolve their problems with these products through refinancing going forward and thus may be forced to default. Our conclusions are consistent with other studies (Sherlund, 2008, Gerardi, Lehnert, Sherlund, and Willen, 2008, Gerardi, Shapiro, and Willen, 2007, Haughwout, Peach, and Tracy, 2008).

Our conclusions run counter to the popular perception that unorthodox mortgage features are responsible for the surge in defaults. At first glance, the fact that the most common subprime mortgage was a confusing and complicated product–a short-term hybrid with a prepayment penalty–and that delinquency rates were highest on these products suggest that the mortgage type itself must be to blame. We suggest instead that default rates were highest on these products because they were originated to the borrowers with the lowest credit scores and highest loan-to-value ratios. This interpretation raises the questions of why the riskiest borrowers were matched with the most complicated products, and whether it was borrowers, lenders, or both who misjudged the likelihood that borrowers would default. Did borrowers seek out this product because it offered the lowest initial payment and they were focused on short-term affordability? Or did lenders offer this product to borrowers because they thought that this combination of features allowed them to manage the risks of lending to borrowers with high probabilities of default?

News accounts often suggested that borrowers were steered into subprime adjustable-rate mortgages when they could have qualified for fixed-rate or prime mortgages (Brooks and Simon, 2007). Given the poor credit profiles of these borrowers and the high price of housing relative to their incomes, however, it seems more likely that in the absence of subprime adjustable-rate mortgages these borrowers would not have gotten credit at all. If so, several more questions spring to mind. First, were these borrowers better off for having the opportunity of home ownership when the possibility of failure was so high? Second, were the associated gains in the homeownership rate illusory, or will some of these gains be sustained? Finally, to what extent were house prices pushed up by the entrance of these new buyers into the market?

Alt-A mortgages pose a similar set of questions and issues. As with subprime mortgages, the complicated provisions of these mortgages do not appear to be responsible for the sharp rise in delinquencies. Very few of these mortgages are scheduled to “recast” before 2010, when their payments could potentially increase dramatically. But even more than subprime mortgages, these mortgages were originated to borrowers who may have been speculating on future house price appreciation. As these borrowers were somewhat better credit risks than borrowers with subprime mortgages, they tended to have lower combined loan-to-value ratios at origination and better credit scores. However, the areas where investors speculated most heavily on house price appreciation were also the areas that experienced the most severe house price declines. Although the initial equity cushion kept Alt-A mortgages from defaulting as quickly as subprime mortgages, default rates on Alt-A loans, and on option adjustable-rate mortgages in particular, began to skyrocket in 2007, about twelve months after the surge in subprime delinquencies. Going forward, the key question is whether house prices will decline enough so that borrowers with prime mortgages are also left with little or no equity and thus a higher chance of default.

Any government response to mortgage distress would entail some cost. For example, a government purchase of delinquent mortgages, or expanded federal mortgage guarantees or insurance, could impose a substantial monetary cost on taxpayers. Some policies, including a government bailout of delinquent loans or expanded loan guarantees, could also encourage increased financial risk-taking and thereby lead to further instability in the future. Other actions, such as a government-imposedmoratoriumon loan foreclosures, could simply delay inevitable adjustments that are necessary to restore the functioning of mortgage and housing markets. Such direct government intervention could also increase the cost of loans for future borrowers by encouraging lenders to add a premium to loan interest rates to compensate for the risk that government officials might re-write the terms of loan contracts.

34 …” 

http://www.federalreserve.gov/Pubs/feds/2008/200859/index.html

 

Crosby Stills & Nash – Teach Your Children

 

Related Post On Pronk Palisades

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009! 

Tea Parties Take Off In Texas–Spreading Nationwide–Are You Going To Washington Fair? Millions Celebrate The Second American Revolution–Saturday, July 4, 2009

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

The Signed “Stimulus Package” Did Not Include Funding for E-Verify and Border Fence Construction–Less Jobs And Security for American Citizens

Inside the Meltdown: Who Was Withdrawing From Money Market Funds On September 16-18, 2008 and Why?

The Mother of All Bailouts–2 to 3 Trillion Dollars–$2,000,000,000–$3,000,000,000!–Rewarding Greed, Arrogance and Stupidity–Pay for Play!

Pattern Recognition: The Template Is Hitler’s Rise To Power Using National Socialism

Censorship Commissar for AM and Internet Talk Radio–Henry Waxman–The Face of Progressive Liberal Fascism!

President Obama’s–Recovery Accountability and Transparency Board–RAT Board–King Rat’s Chicago Corruption–The Fix is In The Stimulus Bill!

Bad Government Intervention Requires Bad Government Bank-The Road Map Out Of The World Economic Crisis–Stabilize–Stimulate–Strengthen–Simultaneously! 

President Obama’s Sales Pitch–Buy My Government Dependency Package–I Won The Election!–No Sale–The American People Want Their Money Back!

President Barack Obama Peddling The Government Dependency Package (GDP) and Fear Mongering The Raw Deal!

Pelosi’s Porky Pigout Poison Package–Economy Wrecker and Job Destroyer–Have A Blue Christmas 2009! 

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Boycott Bailedout Businesses and Banks

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now!

Recession–Recession–Recession–Scaring People–Have A Hot Dog!

It Is Official–The U.S. Economy Has Been In A Recession for 11 Months and Continuing!

Wealth, Income and Job Creation: Let A 1000 Microsofts Bloom

 

 

 

Read Full Post | Make a Comment ( 1 so far )

BO’s Raw Deal: Obama’s Two Year Recession and Two Year Hyperinflation–Hopeless & Small Change!

Posted on November 26, 2008. Filed under: Blogroll, Climate, Communications, Economics, Employment, Energy, Immigration, Investments, Law, Politics, Regulations, Resources, Security, Strategy, Taxes, Technology, Video | Tags: , , , , , , , , , , , , , , , , |

Another freaking Bailout…

 

the Government causes most of our problems…

 

President-elect Barack Obama’s Raw Deal of investment–read more government spending, more deficits and more taxes– will result in a recession lasting upwards of 24 to 30 months.

Obama’s answer to every problem is a new or bigger government program and more and more bailouts.

Government spending takes time to implement– a year or more before it has any significant impact on the economy.

After two years of recession and higher unemployment rates the economy will be heading into a hyperinflation as a direct result of bailouts creating money or credit in unprecedented amounts–too many dollars chasing too few goods and services.

When this happens the Federal Reserve will slam on the brakes and institute a contractionary monetary policy with higher and higher interest rates.

In summary Obama Raw Deal consists of stomping on the gas pedal of government spending and leaving it there for two years followed by two years of slamming on the brakes by raising taxes.

The Federal Reserve will accommodate the Raw Deal approach until inflation rears its ugly head.

Then the Federal Reserve will also slam on the brakes and raise interest rates.

The election of 2012 will result in some real and needed change and a conservative/libertarian Presidential candidate to stop BO’s Raw Deal–the audacity of socialism–a wrecked economy!

The message will be restoring the American Dream with:

  1. A FairTax or flat income tax
  2. Lower capital gains taxes if there is flat income tax. 
  3. Lower business income taxes if there is flat income tax.
  4. Repeal of higher gasoline taxes and repeal of any cap & trade laws
  5. Cutting government spending
  6. Eliminating many Federal Government Departments
  7. Securing the borders and stopping all illegal immigration and the criminal aliens removal(CAR) and deportation to country of origin.
  8. Stiff fines and imprisonment for any business or union that employs criminal aliens or has members that are criminal aliens

Background Articles and Videos

 

Jolting’ the Economy

By Thomas Sowell

“…The Great Depression of the 1930s was in fact the longest-lasting of all our depressions.
Government policy in the 1930s was another bipartisan disaster. Despite a myth that Herbert Hoover was a “do nothing” president, he was the first President of the United States to step in to try to put the economy back on track.
With the passing years, it has increasingly been recognized that what FDR did was largely a further extension of what Hoover had done. Where Hoover made things worse, FDR made them much worse.
Herbert Hoover did what Barack Obama is proposing to do. Hoover raised taxes on high-income people and put restrictions on international trade, in order to try to save American jobs. It didn’t work then and it is not likely to work now.
Perhaps the most disastrous of all the counterproductive policies of the federal government was the National Industrial Recovery Act under FDR, which set out to do exactly what the politicians today want to do — micro-manage businesses.
Fortunately, the Supreme Court declared that Act unconstitutional, sparing the country an even bigger disaster. …”

http://www.jewishworldreview.com/cols/sowell112508.php3

 

Obama’s Pro-Growth Economic Team?
A liberal-conservative consensus?

By Larry Kudlow

“…Here’s my thought on his team. Summers, Geithner, and Romer will all recommend no tax hikes in a recession. Maybe for Keynesian reasons; maybe a nod to supply-siders. Obama talked about a liberal-conservative consensus. But what’s especially encouraging is the appointment of Ms. Romer, who easily could serve as CEA head in a Republican administration (just like Geithner could have been McCain’s Treasury man).

 

About a year and half ago economist Don Luskin sent me a long article about taxes by Christine and her husband David Romer, who were writing for the National Bureau of Economic Research. From the introduction: “The resulting estimates indicate that tax increases are highly contractionary. . . . The large effect stems in considerable part form a powerful negative effect of tax increases on investment.”

Later in the article, the Romers write: “In short, tax increases appear to have a very large, sustained, and highly significant negative impact on output.”

That’s what makes the Romer appointment so interesting. In fact, there is no question that Obama’s economic team is right of center. All three are market-oriented. They’re also pro-free-trade. Hopefully Summers and Geithner maintain the Robert Rubin King Dollar policy of the Clinton years. And if Ms. Romer can stop tax hikes, that will help the greenback even more.

At a minimum, both Romer and Geithner could have served under Gerald Ford or George H. W. Bush. But they may be more pro-growth than that. Romer’s study of the damage of tax hikes on the economy and her emphasis on investment are right on target. In a New York Times story, a former Treasury colleague of Geithner’s says, “he’s no liberal.” As for Summers, while he has been mau-maued by Democratic feminists and some of the unions, he is a tough, clear-headed thinker who has for years tried to merge Keynesian and supply-side policies. No mean feat.

Now here’s the rub: all this talk about a $700 billion stimulus package. I hate to be the one to pull the plug, but government cannot spend our way into prosperity. The wish list of Democratic spending initiatives includes short-term tax rebates, massive new transportation bills, even more education money, exotic green-technology spending, a big-government embrace of health care, and heaps of cash for UAW-Detroit carmakers. None of that will stimulate economic growth. …”

http://article.nationalreview.com/?q=M2U1ZDA2YTBkYzNhNTA4YWU2YWJmM2U0NzNlZjUwMzI=

 

Press Conference: Obama Chooses Economic Team

 

 

Peter Schiff on Forbes

 

Peter Schiff on Forbes

Economic Failure: 10% Unemployment, 20% Hyper Inflation Martial Law Coming Soon!!

 

Obama Economic Team Comes Together

 

Obamanomics: A Recipe for Disaster!

 

 

Obama’s welfare program and spending bonanza

 

 

OBAMA’s TAX PLAN – Penn & Teller and gang return to comment on Barack Obama’s socialist plans to turn the United States into a Marxist wasteland! ** FEATURING Plumber, Joe Wurzelbacher. *** Vett Barack Obama, NOT Joe the Plumber! ***

 

Gerald Celente on Fox Business predicting revolution, riots and civil unrest in America

 

 

Five most laughable words Obama has spoken as president-elect

By Michelle Malkin  

There’s a lot to choose from, I know. But these five snort-worthy — no, gag-worthy — words from Barack Obama’s radio address over the weekend will be hard to beat:

“A government that spends wisely.”

http://michellemalkin.com/2008/11/24/five-most-laughable-words-obama-has-spoken-as-president-elect/

 

 

Related Posts On Pronk Palisades

Auto Company Bailout On Saturday Night Live–SNL 

The United States is Broke!–Chapter 11 Bankruptcy Time For GM and Ford Is Now! 

Ban Bailouts–Stop Inflation Now (SIN)–Stop Socialism of Losses!

Frederic Bastiat–The Law–Videos

The Sovereign Wealth Fund Threat: Are Chinese Communists Behind Rush In Passing Bailout Bill?

Defeat the Cram Down Bullshit Bailout Bill: Emergency Economic Stabilization Act of 2008

Bailout Bill vs. Rescue Economy American People (REAP) Law

The American People Want A Full Meal Buffett Deal–Not A Bailout!

Stop The Bailout: The American Elites’ Bum Rush of The American People–No Sale!

Obama Bombs Bailout Meeting–Whitehouse Still Standing–McCain Saved By House Republicans

Obama–ACORN–CRA–Congress–Democratic Party–Fannie Mae–Freddie Mac–Bailout–Socialism– Just Say No!

ACORN–Association of Community Organizations for Reform Now–Obama’s Red Shirts 

Thomas Sowell and Conflict of Visions–Videos

Unconstrained Obama vs. Constrained McCain: A Conflict of Visions

Read Full Post | Make a Comment ( 92 so far )

Liked it here?
Why not try sites on the blogroll...