Comments on: 2008 Bailouts Exceeds Combined Costs of All Major U.S. Wars

By: goodtimepolitics

goodtimepolitics — Wed, 14 Jan 2009 02:25:16 +0000

I think you have that right, he is now lowing expectations as to cover for his inexperience!

By: lukemcgook

lukemcgook — Wed, 14 Jan 2009 02:14:00 +0000

More funny. Orzag, the new OMB director, headed the Congressional Budget Office until his appointment. Since changing jobs, his deficit predictions have gone from plausible to apocalyptic.

http://www.redstate.com/brianfaughnan/2009/01/13/obama-cooks-the-books/

So, what’s up? “… Obama is intentionally painting a doomsday scenario here — either to pave the way for huge tax increases, or to make himself look like a miracle worker even if things get much worse from here on out.”

A new high in lowered expectations.

By: Obama lowers expectations, raises taxes; Surprise Surprise! « Riggword Weblog

Sun, 11 Jan 2009 13:12:09 +0000

[...] I guess this means that we all will be paying for his programs, government bailouts, stimulus packages, welfare increases, wilderness expansions, the greening of America, boob tube [...]

By: riggword

riggword — Sun, 11 Jan 2009 13:10:56 +0000

Obama’s new mantra is,

“”Everybody’s going to have to give. Everybody’s going to have to have some skin in the game”

From George’s Bottom Line interview.

I have a post on this interview today.
Thanks,
riggword

By: goodtimepolitics

goodtimepolitics — Sun, 11 Jan 2009 02:02:07 +0000

Several proposals in Barack Obama's mammoth economic recovery plan will result in only modest or even uncertain benefits if they become law. Says who? LINK: Obama's Aids

By: lukemcgook

lukemcgook — Sun, 11 Jan 2009 01:42:56 +0000

Something that’s remarkable about our troubles this time around is that the panic button is being hit so hard and so often. During last fall’s “credit freeze,” lending never stopped, and the only really alarming event — the run on money market funds — was stopped toot sweet by the FDIC’s expanding insurance coverage. Unemployment is presently right around where it was at the start of Clinton’s first term, when Congress decided to take a pass on a proposed jobs bill. Embedded in the last rundown of bad economic statistics are some encouraging signs. Not only is it not clear that more borrowing (meaning future high taxes) works as advertised; it’s not clear that it would be needed even if it did work. And I gotta say I blame George Bush, or at least his boy Paulson, for the pamicky atmosphere.

By: goodtimepolitics

goodtimepolitics — Sun, 11 Jan 2009 00:53:14 +0000

Anyone will be for Obama stimulus plan for a billion or two dollars!

By: lukemcgook

lukemcgook — Sun, 11 Jan 2009 00:44:14 +0000

Kind of a funny article I’m reading. Two economists, one O’s new OBM director and the other O’s CEA chair, are on record as saying that “stimulus” plans like Obama’s don’t seem to work. Now, of course, the Obama has raised them up into the light, and they’re all gung-ho for the $800 billion in fresh debt.