The RoanokeSlant

This file is a US personal journal of commentary of examples of the Roanoke Times and Liberal Media Slant...... lbhagen@aol.com .......The Google Blogspot Cookie Notice is required for the EU!

Wednesday, February 25, 2009

 

Obama Economics

Roanoke Times, 2/24/09, Pg Bus 9: Bigger stakes in shaky banks (40% in Citigroup)
2/25/09, Pg 1: Obama address to congress -- there will be a brighter day "tomorrow" after we spend $2 Trillion dollars we don't have.

Has Obama read the Pelosi-Reid “bailout” and “stimulus” bills yet?
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Some Highlights of the “plan” that he should read:
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We’re in trouble because people were spending money they didn’t have, so, the government is going to spend lots more of your money that you don’t have and never will have.
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People aren’t buying cars, so, we’ve been to paying the UAW union workers $7,000 per month to not make cars and we intend to keep doing it!
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We’re going to have a Whitehouse bureaucracy-team define what new cars are going to be made by which car companies. Toyota and Nissan have “opted-out” of the plan.
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We’re going to insert Billions into banks that are “too big to go into Chap 11”. Unlike the Pennsylvania Railroad System in 1970:
http://en.wikipedia.org/wiki/Pennsylvania_Railroad
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We’re extending the “too big to fail” policy into the “too big to jail” with our friend Bernie Madof.
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We’re going to take money from folks that are paying their mortgages to “supplement” those who aren’t paying their mortgages.
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We’re going to help folks who are getting some termination money from their employer by calling that money “earned income” so that both the federal and states can tax it and take at least 40% away in “income” taxes.
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We’re going to include in the “economic recovery” packages all the “pork” that we’ve been saving up for the last 10 years. That’s a nice thing about pork, you can smoke it, salt it, or cure it and then keep it ready for that special opportunity.
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We’re going to inject as many Billions into Citi-bank as Bob Rubin wants:
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http://www.roanokeslant.org/ObamaEconomicAdvisorRubin.jpg
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http://roanokeslant.blogspot.com/2008/11/picking-quality-economic-advisors.html
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After all, he was Clinton’s Treasury Sec. and he knows all about economics:
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http://www.roanokeslant.org/ClintonRecession.jpg
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Our left-wing friends have been lamenting the debt our next generation has been committed to. The silence now is deafening isn’t it! Apparently the liberals have determined that our children and grandchildren can pay for the Pelosi-Reid bill.
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Watching Hillary on her knees before the Chinese leaders begging them to buy our paper IOUs was reminiscent of the old Clinton Whitehouse.
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It’s interesting that not one member of the new administration or congress have pointed to a single positive thing that our billions of already spent stimulus dollars have accomplished.
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Suggestion: to immediately improve our unemployment situation by 5 million jobs --- deport 10 million illegal immigrants!
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Some prior items:
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http://roanokeslant.blogspot.com/2009/02/audacity-of-extravagance.html
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http://roanokeslant.blogspot.com/2009/02/duck-and-cover-to-minimize-fallout.html
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http://roanokeslant.blogspot.com/2009/01/volvo-layoffs-and-strikes.html
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http://roanokeslant.blogspot.com/2008/12/bailout-bridge-to-nowhere.html
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