Posted on 11/27/2008 11:17:39 AM PST by SeekAndFind
the biggest danger is actually trade action against China. They hold a lot of our debt (which Obama wants to expand) and if they get ticked off, they may retaliate against taiwan. And then it could get really ugly.
Here is a link to a thread about a GREAT article/booklet written by Garet Garrett in 1938 called “The Revolution Was”. In the midst of the New Deal this conservative sees it for what it is. And yes - VERY MUCH like OBAMA’S Newest Deal - actually how amazing it ALL IS BEING REPLAYED. IT is a MUST read to see how this whole Newest Deal could turn out.
http://www.freerepublic.com/focus/f-news/929392/posts
Some Excerpts:
There are those who still think they are holding the pass against a revolution that may be coming up the road. But they are gazing in the wrong direction. The revolution is behind them. It went by in the Night of Depression, singing songs to freedom.
.....The Great Depression as it developed here was such an opportunity as might have been made to order. The economic distress was relative, which is to say that at the worst of it living in this country was better than living almost anywhere else in the world. The pain, nevertheless, was very acute; and much worse than any actual hurt was a nameless fear, a kind of active despair, that assumed the proportions of a national psychosis.
Seizures of that kind were not unknown in American history. Indeed, they were characteristic of the American temperament. But never before had there been one so hard and never before had there been the danger that a revolutionary elite would be waiting to take advantage of it.......
....And so the first problem was solved. The seat of government was captured by ballot, according to law.
PROBLEM TWO
TO SEIZE ECONOMIC POWER
This was the critical problem. The brilliant solution of it will doubtless make a classic chapter in the textbooks of revolutionary technic. In a highly evolved money economy, such as this one, the shortest and surest road. to economic power would be what? It would be control of money, banking, and credit. The New Deal knew that answer. It knew also the steps and how to take them, and above all, it knew its opportunity.
It arrived at the seat of government in the midst of that well known phenomenon called a banking crisis, such as comes at the end of every great depression. It is like the crisis of a fever. When the banks begin to fail, pulling one another down, that is the worst that can happen. If the patient does not die then he will recover. We were not going to die. The same thing had happened to us before, once or twice in every twenty years, and always before the cure had brought itself to pass as it was bound to do again.
those who think socialism has always failed do not understand its purpose.
“Obama is committed to spending huge amounts of money on uneconomic ventures—such as the auto industry and solar energy.”
there are some things I would like to see. Universal broadband is one of them. If everyone from Alaska to Wyoming had broadband it would be possible to have internet tv shows that would reach everyone. It will be a ‘game changer,’ like the original internet. This isn’t really an original obama idea, however. McCain is not only for this but he was also responsible for the switch to digital TV.
But if we’re just going to spend a lot of money on lots of small projects or prop up failed companies then this is just $ that will be taken away from the private sector.
The government needs to keep its frickin' nose out of business, whether it is mandating digital TV, which should have been left to the free market, or whether it is broadband access they should just keep the feds out of it. The free market will take care of things like that when they are economically feasible IF the market is allowed to work. Unfortunately it isn't allowed to work and people like you who think the feds should actually have a hand in any kind of business are partially to blame.
Return the US to the free market, bring back freedom to the market place and to this country.
I am tired of watching the feds usurp power they have no constitutional right to exercise, down with big government, up the Republic.
Section 8 - Powers of Congress
The Congress shall have Power To...
To establish Post Offices and Post Roads;
To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;
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Our founding fathers realized that there is a value to universal connectivity and that the private sector, on its own, is not capable of achieving this. And so I have no problem extending from post roads to interstate highways, railroads, electricity and telephone lines, the internet (which was a result of DARPA) and the next generation internet.
OTOH, the Constitution does not give the authority to establish non-universal infrastructure such as the Big Dig or to build up the intranet of selected companies.
Surely many who voted for Obama saw him as potentially the new FDR, the man to lead us out of hard economic times. But they've been misled, for even FDR wasn't FDR. He is a quasi-mythical creature who not only didn't end the Great Depression but probably greatly prolonged the nation's economic agony with his New Deal programs and a menagerie of other foolish measures.Sure, but at least FDR said that American Jews and Catholics are here "by suffrance". Thanks neverdem.
Makes sense. Pulling troops arbitrarily out of Iraq and Afghanistan will increase unemployment rates among soldiers,geographically, and suppliers. Those unemployed troops and their families will have less money to spend. War is exponentially a financial boon. It creates jobs all across the land from soldiers to suppliers.
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