Liberty Just in Case

A Dialogue for the September 12th World

Archive for the ‘Economy’ Category

A Massive Distorted View of Reality: A Liberal’s Constant Companion

Posted by redsatellite on January 19, 2009

How is it that George Dubya was being excessive and wasteful in 2005 during good economic times but Obama is being ‘REFLECTIVE’ during bleak economic times? Well, my little naive children, welcome to liberal reality.

Unemployment is up. The stock market is down. Let’s party.

The price tag for President-elect Barack Obama’s inauguration gala is expected to break records, with some estimates reaching as high as $150 million. Despite the bleak economy, however, Democrats who called on President George W. Bush to be frugal four years ago are issuing no such demands now that an inaugural weekend of rock concerts and star-studded parties has begun.

Obama’s inaugural committee has raised more than $41 million to cover events ranging from a Philadelphia-to-Washington train ride to a megastar concert with Beyonce, U2 and Bruce Springsteen to 10 official inaugural balls. Add to that the massive costs of security and transportation — costs absorbed by U.S. taxpayers — and the historic inauguration will produce an equally historic bill.

Obama’s inauguration committee says it is mindful of the times and is not worried people will see the four days of festivities as excessive.

“That is probably not the way the country is going to be looking at it,” said committee spokeswoman Linda Douglass. “It is not a celebration of an election. It is a celebration of our common values.”

Those at the Obama administration are trying to be reflective of the climate,” McDermott’s spokesman, Mike DeCeasar, said Saturday.

Mindful? Reflective? Mindful and reflective of WHAT?

Face it…you’re full of excrement. Fecal decay that infects your brains and your speech. Uh…and for the record: I have NONE OF YOUR COMMON VALUES.

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Posted in Economy, Liberalism, MSM, Politics | 4 Comments »

I am Socialist, Hear Me Roar

Posted by redsatellite on December 26, 2008

Paul Krugman, current Nobel Prize winner and modern-day Marxist, is embracing Obama’s FDR redux with open arms.

But the Bushies didn’t have to worry about governing well and honestly. Even when they failed on the job (as they so often did), they could claim that very failure as vindication of their anti-government ideology, a demonstration that the public sector can’t do anything right.

How did F.D.R. manage to make big government so clean?

A large part of the answer is that oversight was built into New Deal programs from the beginning. The Works Progress Administration, in particular, had a powerful, independent “division of progress investigation” devoted to investigating complaints of fraud. This division was so diligent that in 1940, when a Congressional subcommittee investigated the W.P.A., it couldn’t find a single serious irregularity that the division had missed.

Krugman, like a gazillion other liberals, feels that a government run by a democrat is infinitely more connected to ‘the people’. All those civilian workers who slaved under a Republican administration will suddenly become do-gooders with utopian motivation under a Democrat.

Read the whole thing…it’s nothing short of disturbing. I always have to take a bath after reading his Op-Eds.

Posted in Economy, Liberalism, MSM | 1 Comment »

If You Live in New York…MOVE

Posted by redsatellite on December 19, 2008

I moved from California for all kinds of reasons. But mainly because the leftwing loons had taken over. Now I see- their cousins– the East Coast loons have taken over New York.

Mayor Michael R. Bloomberg’s $1.2 billion property tax increase won approval from the City Council on Thursday, raising homeowners’ bills by 7 percent as the city grapples with a worsening economy and disappearing revenue.

“Even though it won’t be popular, New Yorkers will understand,” Councilman Miguel Martinez of Manhattan said in explaining his support for the tax hike. “Times are hard, and we’re asking everyone to pitch in.”

Opponents warned that residents were already overtaxed. Since Mr. Bloomberg took office, property taxes have increased by 18.5 percent.

UNDERSTAND? Yah…they’ll understand they’re going BROKE. Who in their right mind would put up with that?

The property tax increase comes as Gov. David A. Paterson is pushing more than 100 new taxes and fees on items from downloaded music to nondiet sodas, and the Metropolitan Transportation Authority is moving to impose fare and toll increases.

More than a HUNDRED new taxes. 100. As in…10 x 10. No matter how you slice it….that’s ugly….and expensive.

Posted in Economics, Economy, Liberalism | 2 Comments »

Idiot Wind

Posted by redsatellite on November 13, 2008

Idiot wind
blowing every time your move your mouth

Blowing down the backroads heading south
Idiot wind
blowing every time you move your teeth
You’re an idiot babe
It’s a wonder that you still know how to breathe

Treasury Secretary Henry Paulson has decided to use the $700 billion in bailout money to buy stocks in banks. Yah…he changed his mind. Campbell Brown and others think he’s pulled a ‘bait and switch’.

On Wednesday, there was a big change to the government bailout plan and already a lot of people are screaming foul. Treasury Secretary Henry Paulson told us he now has a different plan for how to spend that $700 billion of your money.

When Congress OK’d the bailout package, they all told us it would be spent buying troubled mortgage assets. That’s what Congress voted on. That’s what Congress approved.

Now, Paulson says it would be better for the economy if he uses the money to buy bank stocks as a way to help their balance sheets so they are more likely to lend you money for a car or student loan or credit card.

Me?

I personally don’t think he’s that smart. I think he’s a complete idiot. He’s only reacting to how incensed the American people were over the buying up of someone else’s BAD loans… uh…excuse me….I mean ‘troubled assets’. The reaction from Americans over this cockamamie idea- was swift and vituperative– oh heck…let’s make a broader observation- any American with half-a-brain reacted BITTERLY.

So now, he’s changed his mind. Let’s forget buying up those ridiculous WORTHLESS loans and buy stock….encouraging others to do so as well…so that the American taxpayer might….just MIGHT get a return on their investment. If the stocks go up….hmmm….the government and we the taxpayers may get our money back with a bit of profit.

Genius!

The question is: how come he and the Treasury didn’t think of that from the beginning? I make ALOT less than he does, and I thought of that…weeks ago.

Posted in Economics, Economy, Politics | 2 Comments »

A Nice Hot Cup of Socialism

Posted by redsatellite on October 14, 2008


 

 

 

 

 

  

 

And on and on and on it goes….the loans, the bailouts, the handouts….never stop.

A Democratic leadership aide said the stimulus package Democrats were drafting would include “a heavy emphasis on help to state and local governments.”  
After meeting with the economists, Pelosi, a California Democrat, said the goals of the stimulus package would be “to provide relief for the middle class, to encourage consumer confidence and to have regulatory reform by re-writing the rules for financial institutions.”
Psssst….Nancy. I DON’T WANT YOUR RELIEF. Never have, never will.

Posted in Economy, Freedom, Liberalism | Leave a Comment »

Regulate THIS Democrats

Posted by redsatellite on October 12, 2008

Democrats. Can’t live with them…can’t regulate them either. Yah, Barney….Nancy….Harry…and you other anencephalies…it was dated May 5, 2006.

Posted in Defeatocrats, Economy, MSM | 2 Comments »

Spa Lunkers

Posted by redsatellite on October 8, 2008

Yes. Evidently, American International Group (AIG) executives decided to go exploring- only their new cave was the St. Regis, south of Los Angeles, …and they did it- AFTER the government bailout.

Apparently, these bon vivants….these privileged sybarites…felt they deserved Spa treatments, banquets, and golf outings when their company was BROKE.

Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company’s meltdown.

AIG sent its executives to the coastal St. Regis resort south of Los Angeles, California, even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy.

The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.

Say what?

Gee…that’s nice….AIG executives feasted…froliced….and had facials. Meanwhile, we the taxpayers…uh….we got slapped, shafted, and screwed.

UPDATE: Hey brother…can you spare another 37.8 billion?


Posted in Economy | 1 Comment »