acortes.com » obamanomics

For those of us living in California, be prepared. This state is coming to a grinding halt economically, as the budget deficit will continue to grow as the people have resisted higher taxes to finance California’s out of control spending. The silver lining in all of this is the inevitability of small government, though there will be lots of pain as the state’s residents learn to live without some services provided by California. So far, the professor of Obamanomics has declined to bail out the state, which is about the only thing he has done right. My gut feeling though is that there will be some type of federal economic stimulus plan announced for California in the near future.
The Governor’s proposal to massively cut services such as welfare and educational assistance, among others, will cause even more restlessness among the needy, and could even lead to a substantial increase in petty theft and crime. Couple this with food and energy prices rising and you’ve got the ingredients for things getting real ugly real fast. If you’re keen enough to see what’s ahead, now is the time to act.

I couldn’t have put it better myself:

The Senate today voted in favor of the economic “stimulus” bill proposed by Mr. Obama. Tax evader, err, Treasury Secretary Timothy Geithner today announced another round of bank bailouts to the tune of $1,500,000,000,000 (1.5 trillion) or more to “get credit flowing and aid struggling banks.”

Meanwhile, stocks tumbled nearly 5% on Wall Street today. I looked for any kind of silver lining today, but I need help with some research. Does anybody know who the manufacturer of this printer is? Their stock price must be going through the roof right now! Let me know, thanks.

On the eve of the Senate’s vote for the nearly $900 billion economic stimulus package, it’s appropriate to consider another viewpoint. One that argues that passage of this bill will most likely ensure our nation succumbs to the greatest economic depression ever.

Great title. Glenn Beck yesterday presented a very dire chart that represents the amount of U.S. dollars in circulation since 1929. While the title jabs and pokes fun at Al Gore’s “An Inconvenient Truth”, it’s best that you do not get caught in the left-right paradigm of U.S. politics. They are both controlled, manipulated, and equally responsible for what has happened to our economy. So, I don’t look at this video as a right wing attack on the left wing. Instead, I look at it through a politically atheist, impartial lens that focuses on the facts presented.

The House of Representatives today voted in favor of the economic “stimulus” bill proposed by Mr. Obama.

I’ve said it before and I will say it again: Where does all this money come from? It is a question that is rarely asked, but it is extremely important to know the answer to this question. The answer is that it is either printed out of thin air by the federal reserve and/or the money is borrowed from our creditors. In either case, the interest and principal on this money must be paid back by future generations. The only success this bill will have will be to add to our federal budget deficits for years to come and add to our close to $11,000,000,000,000 national debt (that’s $11 trillion, conservatively speaking). To be fair, some of the bill’s provisions are for tax cuts, but even the value of the dollars not paid in taxes will deteriorate as our government tries to inflate its way out of this economic mess.
Now that the President has gotten what he wanted, all eyes will be on how the economy recovers from this moment on. He will have no excuse and very little recourse left (other than proposing even more bailouts and “stimulus”) for an economic recovery.

As Levar Burton would say, “Don’t take my word for it…” Here is Ron Paul on the “stimulus” package.