QE forever and the news that freasury has issued a trillon in debt in the last six weeks
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Dr.Who
Well-Known Member
If only QE could be forever. The longer it continues the closer we get to hyperinflation which is the natural way of restoring the equalibrium that is disturbed by QE.
there are only three possible outcomes: The fed perfectly walks the tightrope of monetization until the economy recovers when it tapers QE to zero and all is well except the average joe lost most of his savings to inflation and never even knows it because his balance is the same, The fed loses control and we have deflation, or the fed loses control and we have higher inflation maybe even hyperinflation.
We do know by looking at what they are doing that they have already lost control so if they are going to perfectly walk that tightrope they will first need to regain control. We also know that Yellen does not fear inflation. Additionally, we know that the gov has erected multiple barriers to a sound economy.
Dr.Who
Well-Known Member
I agree completely that this President bears a striking similarity to communists and challenge anyone to complete an analysis comparing and contrasting his ideas to communism. Perhaps in its own thread.
However, I think there is a simpler explanation, more elementary explanation, for his use of this slogan. It is not so much that he stole the slogan from the communist because he admires them exclusively. I think it is that he has not original ideas of his own and he is not adverse to taking from communist, or even Bob the Builder:
from this article
http://online.wsj.com/news/articles/SB10001424052702304439804579205801125914812
"...Maybe Mr. Obama has similar literary tastes. It doesn't show. "An economy built to last," the refrain from his 2012 State of the Union, borrows from an ad slogan once used to sell the Ford Edsel. "Nation-building at home," another favorite presidential trope, was born in a Tom Friedman column. "We are the ones we have been waiting for" is the title of a volume of essays by Alice Walker. "The audacity of hope" is adapted from a Jeremiah Wright sermon. "Yes We Can!" is the anthem from "Bob the Builder," a TV cartoon aimed at 3-year-olds.
There is a common view that good policy and good rhetoric have little intrinsic connection. Not so. President Obama's stupendously shallow rhetoric betrays a remarkably superficial mind. Superficial minds designed ObamaCare. Superficial minds are now astounded by its elementary failures, and will continue to be astounded by the failures to come."
And lest I am accused of being partisan I suspect that the nature of the politicians mind is that most of them are superficial. I suspect that superficiality leads to their abuses and cronyism.
I really don't see most of the means of production being owned by the government in 20 years, or ever in the USA.
But, who know, that could be wrong. If it is, the socialist experiment won't last too long before the economy totally tanks and we bring capitalism back once again.
Even the Chinese abandoned their great leaps forward under Mao and started adopting capitalism. It was a lot easier to compete with them before they did so, wasn't it?
Superficiality, and the lust for power. Probably mostly the latter.
Oh, and "yes we can" is a slogan used during the civil rights struggle, long before anyone ever heard of Bob the builder, but no, it wasn't invented by the Obama camp either.
Texas_tea
Well-Known Member
I bet you didn't see a sitting President today using the IRS to target their political opponents 20 years ago either, did you?
Did you see one covering up a burglary, selling arms to the enemy and denying any knowledge of the event, or lying under oath?
presidents are human beings, therefore fallible. But, I really thought you could come up with a better example than that. If you seriously think that Obama was behind the IRS scandal, then either you don't understand the importance of political image making, or you think Obama doesn't understand it.
Texas_tea
Well-Known Member
I understand that using the IRS to target your political opponents is an impeachable offense. But, you and I both know Obama will never be held responsible for this or any of his other crimes.
Nixon was impeached for covering up a burglary and merely suggestinng using the IRS to target his political opponents.
Clinton was impeached for lying under oath.
And, if you are referring to the Iran Contra, Reagan and company went through all the Congressional investigations without stonewalling or being held in conrempt like Eric Holder is.
The different is 20 years ago there was accountability and there will never be any with Obama.
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So, you really do think that Obama was behind the IRS scandal?
Why would he do such a thing? Do you really believe he is that naive when it comes to political fallout?
Hint: He is astute enough to have gotten himself elected.
Dr.Who
Well-Known Member
Dr.Who
Well-Known Member
I think he might have encouraged the scandal in the same way he told CBO personnel when they came out with figures that were unfavorable to Obamacare that they should redo their numbers this time being careful not to exaggerate the costs.
No I never foresaw any of the things you mentioned - and each and everyone one of them is a very darn good reason why it is important to have the type of LIMITED government our founders created. Yes presidents WILL do these kinds of things but not always because they are humans who make mistakes - sometimes because they are humans who have as a part of their nature evil.
Texas_tea
Well-Known Member
And, astute enough to get away with these crimes as well .....
Yes he was behind it. Did he make detailed instruction ? No, hes not that smart but he could easily have said to drag feet. And why ? Because even he could see how tea party was mushrooming and peeling off the mussy middle. Huge threat. Because the 'crats went overboard they got caught. He got himself elected ? Please...
Well, John McCain and Sarah Palin helped.
Whatever else you think of Obama, he is not politically naive. He surely would have known that the fallout from the IRS scandal would have been greater than any benefit he could have gotten from it.
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Texas_tea
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Benefit???
He won the election after preventing Hundreds of TEA Party and other Conservative groups from collecting funds and campaigning by denying them a 501 (c) 3 status while approving 501 (c) 3 status to democratic groups including the illegal organization his half brother is running all the while knowing confidently he would never be held accountable for these crimes!
Surely you are not that ignorant on this topic ... you may want to brush up on it just a bit ....
