The President Finally Gets It Right

When it comes to the economy the world is hurting. Some countries that decided not to have a stimulus or bailouts (or limited ones) are doing better than other countries like the US who decided to spend nearly a trillion dollars that we did not have on programs that do not create private sector jobs (because government does not create private sector jobs) and we have little to show for it.

No matter how many people in the regime or how many of its supporters tout how wonderful things are, the fact remains that nearly all measurements are bad and some much worse than they have ever been. Inflation is here and getting worse (but the government denies it because it does not count fuel or food in the equation) and we are ripe for a double dip recession. A number of people who look at such things say it will happen but we are constantly fed a different line by the Obama supporters who think the only economists or money people who matter are the ones who agree with Obama. Keep in mind, Obama has never run anything, never met a payroll, never run a business, and his claim to fame is agitating people and bad mouthing America and white people (cause that’s how white folks will do you).

Finally, there is hope on the presidential scene as the president finally gets it right:

“The proposition that the government is always right is manifested either in corruption or benefits to ‘preferred’ companies,” he said.

“My choice is different. The … economy ought to be dominated by private businesses and private investors. The government must protect the choice and property of those who willingly risk their money and reputation.”

~snip~

“Corruption, hostility to investment, excessive government role in the economy and the excessive centralization of power are the taxes on the future that we must and will scrap,” he said. AP

Unfortunately for the US, the president who made these remarks is Dmitry Medvedev of Russia. The president of a country that has a huge secretive and Communist past is talking about doing things the way America used to do them while the leader of America is taking us in the direction that failed in the former Soviet Union.

While the leader of the supposedly free country is driving us toward totalitarian rule and complete reliance on government the leader of a country that use to have such conditions is espousing the model that made America great.

It will be a cold day in hell before Obama ever takes such positions.

While Medvedev is talking about such things he also wants Obama to be reelected.

And why not? The US was the world’s superpower and defeated the Soviets in the cold war because our system was better. Communism failed them and freedom made us the victors. With Medvedev shooting for the less government, free market model and Obama shooting for the former Soviet model it won’t be long before Russia is the superpower and we are the vanquished.

We need to get rid of Obama and his Democrats before we are an asterisk in a history book…

Cave Canem!
Never surrender, never submit.
Big Dog

Gunline

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12 Responses to “The President Finally Gets It Right”

  1. Blake says:

    Yes, Russia would like the US to be further weakened by having an idiot moron be re-elected. That way, Russia could be the superpower it always wished it was- and make no mistake- it was a paper tiger, because of infrastructure corruption- now, apparently thanks to Dear Leader, it is our turn.

  2. Adam says:

    “Some countries that decided not to have a stimulus or bailouts (or limited ones) are doing better…”

    Like Germany that had no housing bubble, has higher taxes than us, and is the 2nd biggest exporter in the world? You’ve made arguments like this before and I’d be interested in which countries you’re thinking about.

    • Blake says:

      NOONE has higher taxes than us, especially on corporate gains that are killing jobs- and, oh yeah- that FUBAR of an obamacare bill.

  3. Big Dog says:

    The three countries with the smallest deficits (the least stimulus) — Brazil, China and Germany — have all turned the corner rather quickly and are growing. German Chancellor Angela Merkel has just announced she is going to push tax cuts, which should give the German economy an additional shot in the arm.

    While the data set is too small with the top 10 countries (which collectively account for a large majority of the world’s GDP) to draw definitive conclusions, the existing evidence indicates that a big stimulus package seems to delay recovery, while little stimulus leads to a quick return to economic growth.

    Source

    Germany had no housing bubble because it has no CRA, Fannie or Freddie. The government is not forcing people to lend money to those whose credit or income is not worthy. Another failed liberal policy.

    Germany is a major exporter. It does not have liberal taxation policies that force businesses to leave and manufacture elsewhere. Germany has lower corporate taxes than the US.

    I lived in Germany for 2 years. The personal taxes are oppressive and the country would do much better with lower tax rates but it has so many social programs that it must tax at high rates, a liberal’s dream.

    And let us not forget that it has a small defense budget because we provide their defense. Bring all our troops home and see how that affects them.

  4. Adam says:

    The CATO article is a bit out of date. Germany is not the example the right needs it to be anymore. German economic growth has slowed down considerably just like the rest of the world.

  5. Blake says:

    Germany’s GDP growth has slowed, but name me another country that hasn’t been affected by this world-wide stagflation. Except China, which holds our financial balls in the cup of their hand?

    • Adam says:

      My argument is just that any suggestion Germany rebounded quicker than the US because they didn’t use a stimulus package is based on assumptions and ignores the dramatic differences in our two economies. Even CATO suggests there is little data but it’s got an agenda to support so it still makes the argument.

      • Big Dog says:

        If it is so different then why cite global economies to begin with? Cato only says it has a small sample to compare however, all the ones who spent the money are doing badly or not as well as those who spent little or none. Just as I pointed out in the post.

        If stimulus is the answer (as you Kensians think) then it should work everywhere regardless of the economy involved.

        • Adam says:

          You wouldn’t let me get away with saying “If tax cuts work they should work everywhere regardless…” so why try and sell that nonsense about stimulus to me? The recession impacted countries differently all over the globe. Canada had a small stimulus and they’re doing OK. Germany took on some tax cuts and some other small things and they’re not doing too bad.

          The US suffered severely before stimulus even started and it just was not large enough to counter the size of our recession.

          Once you stop assigning random and unachievable goals to the stimulus package then you’ll start to realize that it did what it was designed to do but the impact of that design was no longer adequate.

          • Big Dog says:

            Once you realize that spending money we do not have on a problem that can’t be solved by spending more money then you will realize the Stimulus was a failure. It cost a fortune and had little, if any, effect. We would have been better off just sending checks to all Americans and that would have been a bad idea and a failure but better than the Stimulus.

            We need lower taxes (something Democrats keep saying because they realize it is important to actually stimulate) but they throw in tax increases on people whose entire income would not cover a fraction of the debt. Funny how Democrats say that they cut taxes to stimulate but then claim tax cuts are bad and that they need to raise taxes.

            They have a spending problem, not a revenue problem. US suffered severely and would have been well on the path to recovery if we did not spend money on the problem. Money government spends has to come from somewhere and if it involves borrowing or printing or taxing then it is counter productive and will not solve the problems.

            Reagan vs Obama and look who got the better results.

          • Big Dog says:

            And tax cuts work everywhere they are applied. We have more debt after taxes are cut because politicians spend more than they get in. Proven time and again and shown time and again and yet you fail to see the spending part of the equation. When you hit the bottom you can’t keep digging and expect to get out.

          • Blake says:

            The stimulus did not work, because the design was faulty- meaning, it should not have been used at all. Even my dog knows better.