Didn’t stop them from giving themselves a raise

When the Ponzi scheme is about to crash, there’s little point in paying out to the investors that are being strung along. The investors are starting to get worried and ask questions. Makes much more sense to cash out and get what you can. Its borrowed from China anyway.

Romer, who became the chair of Obama’s Council of Economic Advisers, estimated that increased government spending would add $1.57 to GDP for every $1 spent, while $1 of tax cuts would add only 99 cents. But a vigilant media would have noticed what economist Greg Mankiw did: that Romer wrote a paper with her husband, David, in 2007 that found that each dollar of tax cuts has historically raised GDP by about $3 — three times Romer’s new estimate. Romer was just changing history to meet the desired paradigm. “we’re going to have to change our traditions, OUR HISTORY and we’re going to have to move to a different place.” Michelle Obama_July 21 2008

If the crash comes before the 2012 elections, then the Dhimmicrats may think that they will be able to hang on with Acorn and aliens boosting and shading the vote. If they are still bothering with a vote. Only thing that makes sense. Do they think that they can overthrow themselves and then ride in to a new position with the structures that are in place for ensuring the continuance of the government? Are they really trying to cause a collapse at this point? May be hard to keep the states all together without Presbo’s civilian army in place yet.

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About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
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7 Responses to Didn’t stop them from giving themselves a raise

  1. thedrpete says:

    Yes, they are trying to cause a collapse. And they are succeeding. In the anarchy resulting, human nature will call for stability . . . brought by the only force seen capable.

    Only border or seashore states might try to secede. Would Vermont or Maine or Massachusetts or New York or New Jersey or Maryland or Delaware or Virginia? Would Florida? Would Washington or Oregon or California? Would Idaho or North Dakota or Minnesota or Iowa or Wisconsin or Illinois or Michigan?

    Would all of us fit in Texas?

  2. drrik says:

    I see a bad dream team of Presbo and Hillary lining up for the ticket to try to salvage the lib/.prog rep. Against a squabbling system that isolates conservatives and marginalizes them. Question of where to be and how to last through the reoder process. Won’t be a strident collapse. A few riots in the cities as the dollar value crashes. The welfare and food stamp credit cards will still pay for base housing and an adequate supply of food for the poor. The lower middles will get trashed and pushed into the non-taxpaying level and the middle class will start to dry up. Instead it will be aq revolution by a thousand cuts as liberties continue to go away and regulations proliferate. No big anarchy thing. Rather an intensifying of the struggle to get by and no slack for luxuries for most people.

  3. CW says:

    Funny how Romer didn’t stick around to take credit for the fruits of her economic advice. When the you-know-what hits the fan she’ll be long forgotten by the media. They have very selective memories, after all.

  4. drrik says:

    Only “economist” that stuck it out is Geitner. Now is he just not as bright as the rest? Or does he have a markedly better bailout package if he doesn’t leave? Or does academia already have his number and not offering him anything as pleasing as the package that he has become so acustomed to? Or is his ego such that he figures he can hang on and then fix things good enough at the last minute regardless of what Presbo’s policies do?
    Easy to forget that we really DON”T have an energy crisis, or global warming or economic problems other than those actually caused by the government. And that with just a little bit of pulling back on the reigns of the government doomsday machine, we could actually be in boom times again and for the forseeable future. All of that available anytime they choose to do it. Hard to give up on the system and jsut bail. In light of that, it sort of makes sense to hang around and pay lip service to Presbo’s inanities.

  5. CW says:

    “Or is his ego such that he figures he can hang on and then fix things good enough at the last minute regardless of what Presbo’s policies do?”

    I think Geitner’s ego is such that he believes they ARE fixing things (you know the lie: “It weren’t for us the U.S. would be in a depression.”). He brought us back from the brink!

  6. drrik says:

    If you look at the unemployment numbers on shadowstats.com, we ARE in a depression.

  7. CW says:

    Shhh… Don’t tell Geitner.

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