Posted on 08/29/2012 3:14:27 PM PDT by GOPinCa
Excerpts released by the Romney campaign from Paul Ryan's address tonight to Republican convention in Tampa, Florida:
"I accept the calling of my generation to give our children the America that was given to us, with opportunity for the young and security for the old – and I know that we are ready. Our nominee is sure ready. His whole life has prepared him for this moment – to meet serious challenges in a serious way, without excuses and idle words. After four years of getting the run-around, America needs a turnaround, and the man for the job is Governor Mitt Romney. ...
“Obamacare comes to more than two thousand pages of rules, mandates, taxes, fees, and fines that have no place in a free country. The president has declared that the debate over government-controlled health care is over. That will come as news to the millions of Americans who will elect Mitt Romney so we can repeal Obamacare. ...
(Excerpt) Read more at weeklystandard.com ...
AH is correct on the state of the economy. Those who compare this fiscal situation to the 1980's are mistaken. Carter (and portions of the world, frankly) were combating high inflation, high interest rates, and OPEC artificially inflating the price of fuel which ramped up commodity costs.
All the "magic buttons" we can typically push to pull out of a recessaion have ALREADY been pushed; first by Bush, and now by Obama. Interest rates are at or near ZERO, no liquidity. Trillions in extra cash have been sloshed around the globe, no liquidity.
What we have done is tried to keep the MOAB of all bubbles from popping, the derivative bubble. Forget the dot.com, the housing, etc. We've only experienced microbursts, and that drained trillions out of the macro market and has wiped out life-times of wealth.
We're reaching the nexus of the Minksy Moment and the mid-point of a long-wave contraction. The economy will continue to deleverage, because this is happening on a global level. Even if we falsely prop up our economy with continued QE, the EU and emerging markets are still going to collapse under their own weight.
It's not a double-dip; it's a depression, and we have 6 more years of pain to go.
Watch Kyle Bass' presentation to Americatalyst in 2011 on You Tube. The DC insiders know it. Folks paying close attention know it.
I'll take all the crap I've accumulated over my lifetime and kiss it goodbye if it means my children get to live debt-free in a Constitutionally based, Representative Republic again.
AH is correct on the state of the economy. Those who compare this fiscal situation to the 1980's are mistaken. Carter (and portions of the world, frankly) were combating high inflation, high interest rates, and OPEC artificially inflating the price of fuel which ramped up commodity costs.
All the "magic buttons" we can typically push to pull out of a recessaion have ALREADY been pushed; first by Bush, and now by Obama. Interest rates are at or near ZERO, no liquidity. Trillions in extra cash have been sloshed around the globe, no liquidity.
What we have done is tried to keep the MOAB of all bubbles from popping, the derivative bubble. Forget the dot.com, the housing, etc. We've only experienced microbursts, and that drained trillions out of the macro market and has wiped out life-times of wealth.
We're reaching the nexus of the Minksy Moment and the mid-point of a long-wave contraction. The economy will continue to deleverage, because this is happening on a global level. Even if we falsely prop up our economy with continued QE, the EU and emerging markets are still going to collapse under their own weight.
It's not a double-dip; it's a depression, and we have 6 more years of pain to go.
Watch Kyle Bass' presentation to Americatalyst in 2011 on You Tube. The DC insiders know it. Folks paying close attention know it.
I'll take all the crap I've accumulated over my lifetime and kiss it goodbye if it means my children get to live debt-free in a Constitutionally based, Representative Republic again.
Thank you!
Excellent! Right on Ryan!
Here is a great true-life story from the young generation of new conservatives who get it:
http://www.facebook.com/truealucard
Paul H Tran
12 hours ago
Recently, while I was working in the flower beds in the front yard, my neighbors stopped to chat as they returned home from walking their dog. During our friendly conversation, I asked their little girl what she wanted to be when she grows up. She said she wanted to be President some day.
Both of her parents, liberal Democrats, were standing there, so I asked her, “If you were President, what would be the first thing you would do?”
She replied, “I’d give food and houses to all the homeless people.” Her parents beamed with pride!
“Wow… what a worthy goal!” I said. “But you don’t have to wait until you’re President to do that!” I told her.
“What do you mean?” she replied.
So I told her, “You can come over to my house and mow the lawn, pull weeds, and trim my hedge, and I’ll pay you $50. Then you can go over to the grocery store where the homeless guy hangs out and give him the $50 to use toward food and a new house.”
She thought that over for a few seconds, then she looked me straight in the eye and asked, “Why doesn’t the homeless guy come over and do the work, and you can just pay him the $50?”
I said, “Welcome to the Republican Party.”
Her parents aren’t speaking to me anymore.
Ryan gave a good speech, but he’s no Reagan. Reagan comes along once in a life time.
That is how America will eventually be able to pay off or lay off its stupefying debts.
Ryan’s plan never balances the budget. At the end of his timeline, there’s still a $400B deficit in his plan.
Thanks for writing that up.
The one point that you made quite well needs to be made again.
All of the “magic buttons” in post-war keynesian and monetarist economics have been pushed. All of them. Some of them more than once.
We can equate the Federal Reserve to an impatient moron standing on a street corner, waiting for the light to change. So they hit the “Walk” button. When the light doesn’t change fast enough for them, they start stabbing their finger on the button repeatedly, each time with more frustration.
For the people who don’t know what you meant by “Minsky Moment,” I can explain:
Hyman Minsky was one of the last economists to look at the structure of debt, rather than numeric quantifications of debt. Minsky liked to examine the “web of debt” that ties so much of modern economies together, and what happens when a “tower of debt” is built upon poor foundations. Eventually, stupid lending practices can lead to a collapse of the “tower of debt” because the stupid lending practices rip out the foundations of the tower of debt (ie, the lenders and financial systems).
If the Japanese situation shows us anything, it is that the pain can last a lot longer than only six years more from where we are.
I was thinking of the famous song, “Juke Box Hero” in regards to the Ryan Speech.
Why do the GOP VP nominees stand out head and shoulders above the “meh” POTUS choices?
PALIN/RYAN 2012
So his plan rolls us back to pre-Obama.
I disagree. What I saw last night was history, and the national political birth of the new leader of the conservative GOP. I saw empathy, confidence, and an aura not seen since Reagan.
This man will be POTUS someday.
Love Sarah, but I bet even she felt her star had sank a few levels after last night.
You left out being a 2A guy.
But yet, do we REALLY want to consign ourselves to this fate, where 1/3 of the human population now alive will be dead before 2020 from a general world war? Are we turning into Marxists, who said that human change can't be controlled?
I said originally that Americans are willing to take risks to advance themselves--after all, it was that very risk taking that allowed us to free ourselves from the rule of Great Britain, settle a country that stretched from the Atlantic to the Pacific, build the mightiest ground transportation network the world has ever seen, and become perhaps the greatest economic power this planet has ever known. Yes, we've suffered setbacks, but that hasn't stopped us from advancing forward.
We need to bring back that "can do" spirit to leap the USA ahead again. We need a government that encourages innovation with less intrusive regulations and a tax code that encourages people to save and do capital investments in the USA on a huge scale. I want to see the USA upgrade its energy infrastructure with modern liquid fluoride thorium reactor nuclear power plants--build hundreds of them based on a standardized design--and tremendously advance the state of the art of electric battery technology so long-range electric cars become economically practical, so by 2025 the 54 mpg requirement has no meaning because most new cars will be long-range electric vehicles anyway.
In short, we are a country of "can do" people if government is willing to foster such innovation. It's time we put that to work to make the USA the "shining city on top of a hill," as the late Ronald Reagan said in his Presidential farewell speech.
[ We need to bring back that “can do” spirit to leap the USA ahead again. We need a government that encourages innovation with less intrusive regulations and a tax code that encourages people to save and do capital investments in the USA on a huge scale. I want to see the USA upgrade its energy infrastructure with modern liquid fluoride thorium reactor nuclear power plants—build hundreds of them based on a standardized design—and tremendously advance the state of the art of electric battery technology so long-range electric cars become economically practical, so by 2025 the 54 mpg requirement has no meaning because most new cars will be long-range electric vehicles anyway. ]
The only way this will happen is if we do the following:
Dramatically Downsize the EPA
Take the NRC Nuclear Regulatory Commision and remove about 1/2 their idiotic regulation involving beurcratic paper work and permitting process.
Get some of the businesses involved with the current nuclear industy out of bed with the governemtn and make way for upstarts who want to pursue LFTR technology. (there is a lot of crap tied with GE and it’s incestous relationship with the federal government concerning the production of Nuclear Fuel right now that is poisoning the energy market place)
But yes, with LFTR Tech and the cheap abundant energy it can provide in less than 10 years if we pursue it (better than the always 30 years away pipe dream of nuclear fusion) we could become a literal powerhouse of the world....
Instead China is goign to pass us...
Concerning electric cars, have you looked into “Beta Voltaics” as an option for a regerative power supply that can constantly re-charge the batteries, then when you go home you plug the car INTO the house to help FEED the house power supply/grid after it has finished re-charging the cars internal batteries?
You could use the LFTRs to help create the needed “Fuel” for the Beta Volatic devices which is a salt comprised of a light isotope or two that decays into beta particle before becomming stable, these could be make like “batteries” that have a 5-15 year life span that are welded shut (to prevent leakage in accidents) and whose chain ends with something like oxygen or inert gas.
Imagine you have a car that has two banks of Batteries, one is having power drawn from it to run the car, the other is being recharged slowly by the “Beta Cell”, when the one being drawn from gets below a certain percentage the computer switches to the other bank and the depleted cell starts being re-charged by the beta cell. This could extend the range of these vehicles signifigantly! Plus if used as a “commuter car” consider this scenario:
Wake up the in morning car is fully charged on both banks.
Drive to work one bank is depleted, the other is down to 80%.
While you work for 8 hours the beta cell re-charges the depleated bank back up to 70%.
Drive home the 80% bank is drained competely and the 70% bank is drawn down to 30%.
Park in garage and plug car into wall.
Overnight the Beta cell re-charges the drained one back to 100% and charges the other cell back to 60% while wall power charges the rest of it.
Wake up in morning and both banks of batteries are charged!
I like this idea and thought I would share it with you.
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