There isn’t one, and much of what the government is doing is delaying it and making things worse. They’re trying to inflate a blown tire.
10 thoughts on “The Myth Of The Recovery”
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There isn’t one, and much of what the government is doing is delaying it and making things worse. They’re trying to inflate a blown tire.
Comments are closed.
Given Obama’s pre-nomination history (the one the MSM rewrote to get him in the White House), is there any reason to believe he actually wants a recovery? Some see him as “Jimmy Carter Redux;” but I agree with Glenn Reynolds that that’s a best-case scenario. I think Carter, for all his dopeyness and later apparent swing (judging by his rhetoric)to the Hard Left, probably wanted a prosperous economy, at least to ensure his re-election. What Obama seems to want more than prosperity is a collectivized economy. I’ve heard it claimed for him that he’s actually read Hayek’s ROAD TO SERFDOM, and that might be true; but for him it would be a blueprint, not a warning. Hayek warned of state intervention leading to economic problems, leading to greater state intervention, leading to economic chaos, leading to even greater state intervention . . . and so down the yellow brick road until only The Man on the White Horse can save us. I think Obama wants to be the Man on the White unicorn.
That’s the problem with liars… you can’t be sure of intentions until after the fact.
One thing you can do with liars is look at their track record. His was carefully hidden, but what did find its way through the cracks was frightening. Yet, 48% of the voting public still voted for him. The guy in the cubicle next to me voted for him, even as I pointed out the O’s history to him, he could not accept that the guy on the big screen was the same person. “That is not what he says he is going to do”
I swear, people today are no longer required to think, and it shows.
I swear, people today are no longer required to think, and it shows.
People were never required to think. And it shows.
Can we stagger along until November? Will a Republican led Congress be able to stop Obama and at least start the engine again? I say it’s a pick em bet.
48% of the voting public
This is what happens when education and the media are allowed to mislead.
I think the economy probably IS recovering. No thanks to Obama or the Congress, and this recovery will probably be weak because of all the new taxes, regulations and uncertainty that are being piled on. But the American economy is a robust system and tends eventually to recover from perturbations.
If I am right we can expect the Democrats to begin aggressively taking credit for the recovery as soon as unemployment begins to trend down. By the time November arrives they will claim responsibility for the amazing boom after the Bush depression, and the media will give them credit even if the Democrats’ claims are nonsense. Intrade shows the Democrats as having a better-than-even chance to hold Congress in 2010 and the Presidency in 2012, and the economy may be why.
We become complacent at our peril.
Ever since the internet bubble burst the economy has been on a descending spiral. There are too many unemployed, and no one knows what to do with them. Manufacturing does not take as many people anymore. Services do not need as many people. Basically new lines of business need to grow, or new businesses need to appear to exploit the existing labor pool more efficiently.
Space could actually be one of those I suppose, and Elon has IMO a nice eye for what may be the next thing. Everything AFAIK he is involved in has promise in the middle term, electric cars, solar panel installation, and now space. Any of these ventures may fail, but it is good that at least someone is trying to do it.
“The guy in the cubicle next to me voted for him, even as I pointed out the O’s history to him, he could not accept that the guy on the big screen was the same person.’“That is not what he says he is going to do.'” Well, that would clinch it. If you can’t trust a politician running for office to tell the truth, who can you trust?
Especially a politician who comes from a philosophy based on legal plunder and which follows the dictum “No truth but revolutionary truth.”
“Basically new lines of business need to grow, or new businesses need to appear to exploit the existing labor pool more efficiently.”
That, unfortunately, is what this administration thinks: that things just “grow” and “appear”, irrespective of government burdens or individual initiative. You just print some dough, toss it out at random, and voila, Microsofts and WalMarts shoot out of the green Earth.