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The Diaper We Know as Obamanomics

Chestertonfan Wrote: Feb 05, 2013 7:25 AM
The parallels with the FDR years are striking. An ignorant pseudo intellectual as president, men that had never run anything. A mishmash of Marxist, pork barrel, feel good economic policies and payola with unbridled debt. The stakes are even higher, because the numbers, the debt, the deficit, the overall reach of government are so staggeringly high that the whole world can be brought to its knees by this madman and his merry band of dopes and thieves. This will not end well. Tighten you helmet.
Jeff2422 Wrote: Feb 05, 2013 9:35 AM
In many respects you are correct. Things got worse in FDR's second term as unemployment reached even worse levels and there was a double dip recession. Like in FDR's time, people adjusted to the new regulatory scheme and the economy started to recover some. But, FDR double-downed on his "New Deal" and things went south in a hurry. Obama is repeating the same approach of doubling-down on failed policies. The economy can only take so much of this silliness like "green jobs." Not hopeful that the public will understanding that giving people stuff is the wrong way to go as you just create dependency that way. Human nature dictates that if you give someone something they likely will just ask for more and expect more in the future.

Yes, it’s that time of year again.

It’s time to hold our nose and check the diaper that we have all come to know as Obamanomics.
While rightly this review should have been completed closer to the first of the year, there were too many events in the offing that were likely to impact the economy to take a stab at the broad outlines of an economic outlook nearer New Year’s Eve.

But now that congress and the president have agreed to get the tax increase off the table that they didn’t dare pass while campaigning, clear the children...

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