Recession or Depression?
Over the last few months, we've all been bombarded with talk from the leftist MainStreamMedia about which past President is most representative of Obama. Is Obama the reincarnation of Lincoln or FDR or JFK? Is he the next Jefferson, or the next Madison.
Well, try this on for size: I think Obama is most like Herbert Hoover.
Remember him? Hoover promised free health care and a safer America for everyone. No, wait. That was Obama. Hoover promised a chicken in every pot and a car in every garage. And he was going to use the government to accomplish that goal.
What we got instead was the Great Depression.
Obama has promised the moon. From the campaign trail right up to today, Obama is giving away free health care to everyone, jobs, financial security, world peace and a free iPod to the first 500 billion Americans who will sign up now! (Oops, got carried away with that last bit.)
Remember during the last few days of the Bush administration how the MainStreamMedia was flirting with the word "Depression." They never went so far as to say we were in it, but before the November elections, they sure wanted to bring it up a lot. Part of that is because they were painting the bleakest picture possible in order to give Obama some time to "fix" everything. Part of that was just to make Bush look bad.
I've been watching the stock market. In case nobody has noticed, we may be close to a Depression. Unemployment continues to rise and the market continues to fall. The media tells us the market is the lowest its been since 1996. Of course, that doesn't adjust for inflation. When you adjust for inflation, the market may be as low as it was before Clinton came to town looking for young White House interns.
And yet, I've not heard the word "Depression" in the MainStreamMedia since before November.
I wonder why that is....???
5 comments:
Maybe Martha Stewart magazine will be issuing a "How to Spruce up Your Hooverville" edition.
Eh. I can see the Hoover,but mostly he is FDR and Carter.
Neither of which knew anything about economics,running a business,or much of anything else. They just sounded good when the speak,but had little substance to their words.
Reagan was pretty good at speaking. He was also not much of a businessman. He was an actor. Would you want Brad Pitt for President? Pittenomics 30 years later?
Reaganomics are what got us into this mess in the first place. Of the last 29 years, 22 of them have been Republican run. Why is it that when a Democratic President comes in and tries to fix a mess that was left to him by a Republican then the Republicans try to pin it on the new guy (who has only been in office a month and a half)?
Maybe one of the reasons the stock market is falling again (it already crashed during Bush's watch, before Obama was even elected) is that this Administration is capping the salaries of those on Wall Street that are getting bailed out. Hmmmm.
They don't like that they can't ask for a handout AND a raise. Weird.
It will never cease to amaze me how people can still blame Reagan for problems when he's been out of office for over 20 years.
Reagan's polices gave us the largest peacetime economic growth our nation has ever seen.
We got into trouble when Bush abandoned Reagan's principles and allowed the Democrats to control the economic policy of the nation for the past 8 years.
Now the market is responding to what it expects to see for the next four (or eight years).
Blaming Reagan shows a lack of intellectual honesty.
Reagan's policies were great in the short run. Long term, here we are. The trickle down economics have never worked. Since Reagan's time we have had a shrinking middle class while the already wealth got wealthier. Trickle down didn't and doesn't work. Those same wealthy business owners were the ones who, instead of "trickling it down" sent jobs overseas.
Bush didn't let the Democrats run the show the last 8 years. He let Cheney run the show.
You're right tho, I feel that Bush DID abandon conservative principles when he DOUBLED the national deficit and brought in not just Big Government, but HUGE government. Just take a look at the John Yoo Memos that were just declassified. They were looking at legal means to try and allow the President authority to sidestep the first amendment (and a few others) on US Citizens in the US.
I'm still amazed that people try to defend Bush when he was a traitor to the conservative cause. I'm glad you had the honesty to at least admit Bush made a mistake. Thats a huge show of character. Most other conservative bloggers I read are still trying to show how he was right.
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