Posted on 02/06/2009 4:34:43 PM PST by JohnRLott
President Obama and the Democrats’ “stimulus” package will increase the unemployment rate. The changes they propose will also make us poorer, with fewer, less productive jobs.
The most obvious explanation is the $36 billion in increased unemployment insurance benefits. Larger benefits at least for this year will encourage some people, who may be unhappy with their jobs, to be unemployed while they look for something better. Others will be a little more reluctant to take a new job when they are offered it. Unlike the rest of the “stimulus” package that is over two years, since the increased benefits are only planned for this year, the higher payments will increase unemployment this year and then start declining soon after the extension ends.
Yet, the “stimulus” package will do something else that will increase unemployment at least as much. Most of the new jobs will be for people who are currently employed. By moving money from places where it is currently being spent to places where the government wants it spent, you move the jobs also. But it takes time for people to move between jobs. That is called unemployment. . . .
(Excerpt) Read more at foxnews.com ...
Intended consequences.
That “stimulus” package will do a lot more than that.The only thing to be “stimulated” will be Socialism,expanded government and more oppression of our rights.
Lock and load.
Holy guacamole, Batman. Are you THAT John Lott? Of “More guns cause less crime” fame?
You are my hero.
Maybe Nan was right... 500,000,000 jobs a month... she just meant the future... oops she misspoked. Change... we haz it.
>Obama’s Stimulus Package Will Increase Unemployment<
Big deal. The voters should have listened to him before the election as he indicated his dislike of the country and its Constitution. The country is marching in lockstep to the abyss as led by the demonists.
SAVE US OBAMA! SAVE US!
ABSOLUTELY Intended.
How did we get here?
1) In 1977 the Community Reinvestment bill passes a democrat Congress and is signed by Jimmy Carter. This opened federal dollars to organizations like ACORN.
2) ACORN is the brainchild of a couple of very evil people named Cloward and his wife Piven. They taught their theory to William Rathke and he took it from there. They stated that the best way to take down a capitalist society was to flood the government welfare rolls with massive numbers of poor people. Ask Rudy Giuliani, he dealt with it in New York. Because America was good at being resilient and creating wealth, that idea alone failed, so they changed tactics. They expanded to include MORTGAGES in 1992. They went for the Banking Industry instead.
3) In 1992 Federal Housing Enterprises Regulatory Reform Act of 1992 is passed by a Democrat congress. This gave lots of money to ACORN and also MANDATED to banks, BY LAW that they had to ignore the standard practices of good lending, in other words, you no longer needed to prove income, have a down payment, created the 80/20 mortgages system, and oh also, if you were black it was even more closely enforced, particularly by lawyers that worked for... ACORN, like say Barak Obama? Yea, exactly. So banks are now FORCED to make mortgages they KNOW are doomed to fail.
You see, they use the Mantra, well its for the Poor... you have to help the poor.... its just so SELFISH and so WRONG not to help the poor.....
Uh hua. Sound familiar?
They knew what they were doing. They were loading a great big enema is what they were doing. Keep in mind these people are PATIENT, they are willing to wait 8 years 20 years, 40 years, to further their goals when they get shut down by a Republican Congress or Presidency or both, they just wait, and train up new recruits into their ideology, which is how they created That Arab in the White house named Obama(he is 6% black 50% white and 44% Arab). But as soon as they get a congress loaded with their followers, and one in the white House, which is what we have now, BLAMO we get Porculus.
But before we even get to Porculus, you have to take into account why we are even at this point.
The Mortgage Meltdown. When all these ACORN fed poor people started having trouble holding onto their houses, they began defaulting, surely not something those people wanted to have happen, but the creators behind CRA and the 1992 Bill wanted it. Oh yes they wanted it. They stacked the deck to make CERTAIN it would happen. Why? Simple. Homeowner pays the bank for his house, bank pays other banks THEY borrowed money from to make the homeowners loan possible. Bank 3 buys up bunches and bunches of these loans and sells them to investors here and over seas, after all they are guaranteed by Fannie Mae and Freddie Mac, the favorites of Democrats and the ripest fattest shiniest cherry in the Democrats Golden Parachute tree. The Government of the United States was guaranteeing the loans, would make the PAYMENTS on the loans if anything “bad” happened. Well, that’s all great till the cost of living goes up and all those adjustable rate mortgages start kicking in. At that point the default rate can and did go right through the roof, in the tens, no hundreds of Millions. Banks had no payment monies coming in, they could not make the payments on their own debts. The river of money suddenly STOPS and banks start failing, they have no money, and no one is lending money, and the House that Jack built falls apart.
DELIBERATELY
Bear Sterns got a Gov. Bailout from the treasury in Aug of 08, Lehman Brothers fails in September 08 and gets NO bailout (the Treasury recognized there was no way they could bail out 1 in every 5 Banks in the United States, let alone the world), and the entire world Financial market just stopped in its tracks.
The United States Government can’t make the payments either, and so we got the 700 Billion Dollar Bailout, which of course, does nothing to fix the problem because banks realize that in order to function they have to have liquid cash on hand, so they KEPT it, and gave NOTHING to the homeowners who were suddenly faced with raising their kids in their cars. There really isn’t anything else they could have done, if they gave the money to the homeowners, they would have still failed, because they only had debts and no way to pay them. Catch 22. This point will be debated in history books for decades to come, right now, no one really knows the full outcome of that, other than it did not work as intended. Meanwhile, homeowners continue to lose their houses and the downward spiral continues.
Wow, talk about a complete disregard for poor people! Talk about setting up a way to make poor people poorer, and increase the number of poor people, well, you could not have planned a better way to do it. But then, this was PLANNED.
Cloward and Piven won.
Businesses start losing business, because Banks aren’t making loans to create new business. They start having problems making Payroll, and so start laying off employees, thereby INCREASING the number of Mortgage failures, AND increasing the demand on the State and Federal unemployment coffers. Now we have a great big GIANORMOUS enema just waiting for us.
That enema is called Porculus, the “Stimulus” bill that will INCREASE the National Debt, thereby REDUCING the ability of the Government to meet its debt obligations (the more debt you have the harder it is to make all the payments), and increasing the likely hood of bringing down the entire Capitalistic system. Oh and will “force” the Government to increase taxes, thereby making us individually just that much poorer. (”Oops can’t afford Heath insurance! Better Nationalize that because we HAVE to....”)
How?
Because once those new renovations for this that and the other thing are done, once that road is repaved, the jobs that it temporarily created DISAPPEAR, they are GONE, because the job is done. So 18 months after the monstrosity is passed, we are right back where we started from, only 1 trillion FURTHER in debt.
But the lawn at the ACORN office looks GREAT!
Meanwhile we get force fed by the Media that it’s GOOD to help the poor, it’s our Obligation to take care of “Those who cannot help themselves”, that Nationalizing (insert industry here) is an absolute necessity because this (industry here) is absolutely necessary! We can’t let THAT fail. Health care for all Americans seems to me to be the most likely thing they will Nationalize first, it’s the easiest to sell really.
When you look at the entire scenario from a Macro perspective, it is obvious that the entire scenario was created deliberately. The individual pieces of the puzzle change over time, from this Liberal president to that, from one leader of the House to the next, from one chairman of the Senate Finance Committee to the next Liberal ACORN swilling sellout to another, the underlying strategy does not change, only the players do, and they build upon the works of those who came before.
I don’t know that we can stop this at this point in our history. The juggernaut is SO HUGE, that I don’t know that it can be stopped. It seems America is out to kill Capitalism, the very thing which made her great to begin with. In the process, we the people pay the price, and its getting higher and more personal by the instant.
Democrat voters who made it all happen are happily snorting up their Kool aide packets, why dilute it with water anyway? Astoundingly, they seem happy about it!
The biggest murderers in history are those who claim to help the poor with one hand while flaying them alive with the other, Socialists. I say to you, you are nothing short of EVIL.
I pray for America, that her leaders will recognize what’s happened and at least TRY to stop it. In the name of anything held sacred at all, if they have an atom of Morality and responsibility left, they will address the REAL problem! I pray they find the fortitude to STOP making it worse! Because that’s exactly what Nancy Pelosi, Barney Frank, Barak Obama, Chris Dodd and every other Socialist in our government is trying to do. It’s up to those not in on this horrific monstrosity to STOP it! It’s not only a moral obligation now, it’s a moral imperative. The lives of millions here and around the world are either going to be forced to take that enema, or YOU will obliterate it. PLEASE OBLITERATE IT! Our lives are in your hands. PLEASE don’t screw this up!
Failed President FDR found this out.
You do end up with a huge amount of new debt though. Which eventually leads to inflation.
They screwed us. 2/6/2009 the darkest day in the last 29 years.
Oh my friends, its going to get so much worse.
Increase unemployment in the private sector but save and expand government employment.
I’m looking forward to a vacation ALL summer! Thanks whoever is still working!
Good to see you knockin’ around FR again. The dem-o-rats don’t care about facts when it comes to guns.
“Gun control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound.” — L. Neil Smith
Please, Obama won with too much vote to blame Acorn...he convinced people to vote for him...no dark conspiracy. The voters decided he was better than McCain (unbelievable). Let’s not go off the deep end...start fielding candidates and get ready for 2010...and yes send money to the RNC in stead of Berg and Orley.
This saps self reliance.
After they get most people on the government dole,
they will have them enslaved and a tyrant will have
total control over the people.
Liberals like Hussein could care less whether or not unemployment increases--the goal it to INCREASE GOVERNMENT EMPLOYMENT!!
There will literally be HUNDREDS OF THOUSANDS OF NEW FEDERAL GOVERNMENT EMPLOYEES by the time Hussein leaves office,,,
and THAT simply put,,,
is the primary economic goal.
As it was so accurately described today,,,this is NOT an economic stimulus,,,it is a GOVERNMENT STIMULUS!!
It is only the first step of many in the War on Capitalism--and a very effective first step.
WASHINGTON, Feb. 6, 2009 – Charges against an accused terrorist being held at the U.S. detention center at Guantanamo Bay, Cuba, were dismissed yesterday by the judge who oversees the military commissions system, Defense Department officials said.
They are doing a lot of serious damage quickly. Centrists..? These are far left liberal extremists.
Oh no no, thats just where is starts, don’t even get me started on the UNION contribution. And by the way, ACORN makes up more than you think. Its HUGE.
These are people acting in the exact opposite of the best interest of the United States.
My Country is dead.
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