Posted on 11/01/2009 4:38:31 PM PST by reaganaut1
Any number of pundits claim that we have now passed the worst of the recession. Green shoots of recovery are supposedly popping up all around the country, and the economy is expected to resume growing soon at an annual rate of 3% to 4%. Many of these are the same people who insisted that the economy would continue growing last year, even while it was clear that we were already in the beginning stages of a recession.
A false recovery is under way. I am reminded of the outlook in 1930, when the experts were certain that the worst of the Depression was over and that recovery was just around the corner. The economy and stock market seemed to be recovering, and there was optimism that the recession, like many of those before it, would be over in a year or less. Instead, the interventionist policies of Hoover and Roosevelt caused the Depression to worsen, and the Dow Jones industrial average did not recover to 1929 levels until 1954. I fear that our stimulus and bailout programs have already done too much to prevent the economy from recovering in a natural manner and will result in yet another asset bubble.
Anytime the central bank intervenes to pump trillions of dollars into the financial system, a bubble is created that must eventually deflate. We have seen the results of Alan Greenspan's excessively low interest rates: the housing bubble, the explosion of subprime loans and the subsequent collapse of the bubble, which took down numerous financial institutions. Rather than allow the market to correct itself and clear away the worst excesses of the boom period, the Federal Reserve and the U.S. Treasury colluded to put taxpayers on the hook for trillions of dollars.
(Excerpt) Read more at forbes.com ...
Well DUH!!!
NOBAMA is following FDR’s game plan to the LETTER... and 1 quarter does not constitute a RECOVERY.
As most of us are not insane we KNOW .. Follow FDR ..we’ll have a Great Depression like FDR.
Now, the problem... RON PAUL, because of his FOREIGN POLICY INSANITY, I cannot TRUST anything out of his mouth..
so if you want someone to listen to you... GET SOMEONE ELSE to be your spokesperson.
How 'bout HISTORY!!!!?
ping
WRONG.. most of us elected a known Marxist and uber radical as President..
Many many make a very good living from government largess..
Federal, State, County, and City governments have many employees, contractors, and sub-contractors of a hundred sort that are parasites on "some of the people"..
Its parasitical and incestuous.. as well as economically obscene..
PARDON ME
**WRONG.. most of us elected a known Marxist and uber radical as President..
Many many make a very good living from government largess..**
THAT “””US””” aren’t members of this group and wouldn’t even know how to FIND IT.
Doesn’t change the fact that my OPINION STILL STANDS,, and your’s is NOT GOING to change mine.
Save the Bandwidth with your PAUL TALKING POINTS that sound too damn much like the Talking points used by the FASCISTS in DC...
As the road winds into the future Ron Paul will be seen as a visionary, Swami and prophet concerning both foreign and domestic policies. Read it, it’s in the Constitution.
What might that be? Stop being world policeman?
I don't know if I would go quite that far. Granted, his foreign policy insanity makes him unelectable, but he is correct when he states the obvious.
Yes, the neo-con American Empire propaganda has taken a discouragingly deep hold among people who should be bright enough to start guessing that something isn't quite working out.
The problem I have with that statement is that there is considerable empirical evidence that 99% of the real, after-inflation return earned on stocks comes from reinvested dividends.
At the time period mentioned, dividend yields were sometimes 30% or more. Those who bought stocks and reinvested dividends broke even in a short 5-7 years, and actually made huge profits by the time the market returned to the same level in 1954, even when adjusting for inflation.
This is another way the financial journalism industry fails to help investors. You have to look at how much money is in your pocket as a result of your ownership. If you own a share of a private company worth $500,000 and it doesn't increase for 10 years but you received cash dividends of $1,000,000 over that time period, that was a really good investment. Yet, after inflation, the stock chart would show you lost money. That's a reporting problem.
This is especially a problem for companies at the top of the S&P 500, which pay out 50% or more of their profits in the form of cash dividends. Exxon Mobile sends nearly every penny in profit back out the door between dividends and share repurchases, so even a nominally increasing stock price should be satisfactory over time. The same with Wal-Mart or Coca-Cola or General Electric.
I have polled a large number of business people I know around the country. None of thinks that business is improving. None. Mot even a little bit.
**Stop being world policeman? **
LIBERAL MANTRA SINCE GW took the OATH...
Told you save your LIBERAL TALKING POINTS FOR SOMEONE who’ll FALL FOR THEM.
Funny...
I happen to live right down the road from Ron Paul...I have had many personal interactions with this elected official...
In 2002 at a local gun rights conference I sat down (open seating) at a table and Ron came in and joined me...On one side I had him,and on the other side I had Badnarik (libertarian candidate for POTUS ) on the other side of me...Talk about a sandwich...We had a great time talking about ALL the issues we could cram into an afternoon...And without converting to Libertarianism (snicker)...I learned a lot form that time about their positions on issues...
So even though I DO NOT support Ron Paul’s positions on some issues, I cannot throw rocks at all of them...Yet, I agree with some that I cannot support him for the top job...
I told both of them, and they were amiable to my position that I kinda like taking the fight to the bad guys...It is that simple...And if they cannot support my position, it does not hurt my feelings, but I know they both understoof fully where I stood on the problem...The agreement was mutual about how I felt about their position...
Thats why I know it will all come out of the wash smelling ok, in the long run...
I really appreciate the opportunities I have to interact with folks like Ron Paul, and find them extremely useful in defining and refining my personal conservative positions on issues...And even though I know for a fact we might not see eye to eye on some things, I know we can get down to brass facts, and discuss things that would help our community, our state and our country...In the long run...
My nieghbors seem to like keeping him around, so for the most part he doesn’t upset the apple cart as much as having to deal with a total whack job liberal, who I know I and many other Texas FReepers and conservatives would have a little more heartburn about...
But that’s just me...
I used to believe the same thing about Ron Paul and about his take on our foreign policy. I’ve been overcoming my programming, so to speak and just as I think he’s mostly right about fiscal things and I find I agree with him more about foreign policy.
Get a better spokesperson... If you want to win the rest of us over... it’s NOT GOING TO BE PAUL!!!
By the way...who is this "us" you are referring to? Most of the comments you've gotten are not on your side.
A couple of years ago, when 9-11 was still very, very fresh in my mind, I thought Ron Paul was nuts on foreign policy.
Since obama, Iraq and Afghanistan, I began to wonder if there might not be a better way for our Republic to handle foreign affairs, our borders and the dependents we've created in the world. For example, WWII has been over for a very long time...why are we still in Europe?
Back to the topic, the economy is not what obama and his minions are saying it is. I trust Ron Paul more than any of them. Attack him all you want, but he's been fairly accurate so far.
**Doesn’t change the fact that my OPINION STILL STANDS,, and your’s is NOT GOING to change mine.**
Which part did you not understand??
I have no problem with the assertion that the U.S. economy grew at an annualized rate of 3.5% in Q3 2009, provided the reader or listener is reminded that the GDP here is denominated in U.S. dollars. I just hope the folks who want to call this “green shoots” realize that in the same period, the U.S. GDP shrank at an annualized rate of 9.5% measured in Japanese yen.
You responded to the wrong idiot..
Which fascists?.. the democrats or the republicans?..
Stop rearranging the chairs and go to the crux of the matter. You will find it here:
http://www.nypost.com/p/news/opinion/opedcolumnists/crushing_the_media_7BDcPTVkbpbpG3Hc3xaCHM
International Communism is the center of it all and Obama and his administraion are part of it.
That is also why Ron Paul’s and Pat Buchanan’s isolationism and world view would not work.
Stop dancing around and get to the root of the problem!
IIRC, Paul is a doctor. I'd have no problem trusting his recommendation for handling some illness I might have.
I, too, am not a ronpaul-bot, and I think his isolationism is over the top. However, that does not mean he is wrong about the economy.
Just because someone wears blinders in foreign policy does not mean they don't have insight elsewhere. By and large, Paul is an honest politician and will tell you what he actually thinks. That puts him head and shoulders above rinos, whose stock in trade is misrepresenting themselves as conservatives.
Exactly. I have sat tight with good dividend payers (MO, PM, KO, JNJ, DD, AEE) since the crash last year, buying more shares at far cheaper prices each quarter, still reinvesting. It takes courage to stand pat, but I believe will pay off in the long term. Provided, of course, that Obama and the democrats do not destroy the US economy.
Get real and stop the propaganda.
I feel the same way. I think he is a good man who truly loves our country. I do not agree with him on everything but I believe that he is honest and above board.
When there is a fire in your kitchen putting fires out on your neighbors porch is silly.. Screw the world until be get this country under control.. Are you a liberal?.. You're not very practical..
The wheels are coming off America and YOU want to haul the ship of state to the lake for a fishing expedition?..
/post to a knothead..
Ron Paul is never wrong on economic issues; too bad the same is not true for foreign affairs.
Now your problem:
Matthew 7:2
For with what judgment ye judge, ye shall be judged: and with what measure ye mete, it shall be measured to you again.
You apparently did not go to the link I provided. It was the key to my post.
What it said was that international Communism is not dead, it only played dead with the demise of the USSR, but is instead even more virulent than ever. In Russia Putin has revised the KGB (under another name) and is ruling with an iron fist. Any news reporters or authors who raise his ire, whether in print or on air, are being assassinated one by one. The same is true in totalitarian countries all over the world.
Communism is still dedicated to world domination and they have been and are doing it through infiltration and domination of the universities and the media. The article cites the media's constant demonizing of Bush for eight years and its absolute refusal to investigate anything about Barak Obama, thus controlling the last election to give us a President we know nothing about and who may not even be qualified. What we do know, now, is that he is a Communist and his administration is loaded with them.
That brings me to Paul and Buchanan. With a world full of aggressive tyrants, Communists, radical Muslims, and drug lords, and with such a large open border (North, South, East and West), America cannot afford to be stay at home isolationists. The tyrants will come to us if we don't go to them. 9/11 wasn't hatched at home.
We will be like Christians in the Roman Colosseum.
Still, I don't see how that prompted this from you:
Are you a liberal?.. You're not very practical..
The wheels are coming off America and YOU want to haul the ship of state to the lake for a fishing expedition?..
/post to a knothead..
I'm snarky like Buchanan and Paul.. Even when I agree with you some what I do it in a snarky way.. I'm pretty much snarked out.. I've become a cactus.. Even Newt who I normally agree with is getting on my nerves..
I'm just a sheep on the verge of stampedeing..
Halleluyah and Pass the bottle
And few Christians I can trust because of scum like you, sir, madam, whatever. Kindly take your pulpit with you
You object to being held to the same standards that you set for others?
Look in the mirror and see the leftist tyrant!
If RON PAUL cannot come up with the Constitutional Authority to protect ISRAEL..
I WANT NOTHING TO DO WITH YOUR STANDARDS
So ...TAKE YOUR PULPIT WITH YOU!!
Only Jesus Christ and his angels can or will protect israel.
Come on people. Tone it down a notch, please.
What did I tone ‘up?’
Please, let it go. Big day tomorrow. Can’t we all just get along? ;)
Obviously there are some that nobody can ‘just get along’ with.
Why protect the constant trouble makers?
I wouldn't go there if I were you.
Back off now.
Great explanation! Thanks.
You and I agree on Newt. I generally think he is brilliant and is genuinely a conservative but then he does something like endorse Scazzafava (Is that a bean?) and I can’t decide if he has outsmarted himself or me.
Ping
Thanks for the ping!
But I saw this post earlier. Thought the article was great, but the vitriol of the posts was such that I just ducked and left. Sorry for not pinging you, but I don’t often invite people to a bar brawl.
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