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Is America Headed Into An Intentional Recession?
Townhall.com ^ | December 9, 2012 | Austin Hill

Posted on 12/09/2012 7:21:28 AM PST by Kaslin

“Mah fellow Americans, inflayshun is ow-uh friend…”

If you can pronounce the phonetic wording above – and if it sounds vaguely familiar – then for better or worse you probably grew up watching “Saturday Night Live” like I did. The line comes from a late 1970’s skit wherein funny guy Dan Aykroyd was impersonating President Jimmy Carter.

During his one term as President, Carter addressed the nation numerous times to try and quell people’s fears about inflation, the economic malady that defined the era. During those years, Carter announced several anti-inflation policy measures. He urged Americans to “tighten their belts” and consume less, in an effort to decrease the demand for goods and services and, therefore, to get prices to decline (consumption, by the way, was actually quite stagnant even as prices rose – hence the problem of “stagflation”). And as he got closer to his re-election date he looked increasingly anxious, as though he was trying to convince Americans that he was doing as well as any President could.

In the midst of this, “Saturday Night Live” delivered the definitive presidential satire. With his impeccable imitation of the President’s “southern gentlemen” accent, Aykroyd – as President Carter – addressed the nation one fine Saturday night and told Americans that “our economy is screwed, blued, and tattooed,” but noted that we could stop fighting the battle against inflation- because “inflation is our friend.”

Aykroyd was hilarious because his character’s statements were absurd - no adult in their right mind and certainly no U.S. President would “embrace inflation” or regard it as a “friend.” President Carter was desperately trying to assure us that he was ending inflation, and Aykroyd’s routine illustrated just how desperately the President was trying to remain in our good favor.

But that was in the 1970’s. Today, just three weeks away from 2013, there is reason to believe that our President and his Administration – and perhaps his party, as a whole – is “embracing” recession, as though it is an appropriate means to a necessary end.

Ron Scherer, Staff Writer at the Christian Science Monitor, was one of the first to catch-on. He noted in a November 30th news story that in the midst of the “fiscal cliff” tax rate negotiations, President Obama had begun to speak on the campaign trail about another $255 billion stimulus package. Scherer surmised that the President was proposing more stimulus spending as a means of “offsetting” the impact of his own proposed tax hikes.

But what, precisely, would need to be “offset,” if President Obama’s agenda prevails? He just completed a successful re-election campaign claiming that raising taxes on “rich people” would be good for the economy, yet it now appears that he wants more stimulus spending as a means of saving our economy from his own economic policies. This would seem to be, at the very least, a tacit admission from the President that raising taxes on individual people – even those awful “rich people” among us – does, indeed cause a slowdown in economic activity, and may very well bring about a recession.

Shortly after the President began his new stimulus push, former Democratic National Committee Chairman (and former presidential candidate) Howard Dean made some extraordinary remarks of his own about the economy. In an interview at MSNBC, Dean stated that he wants the across-the-board income tax increases entailed in the “fiscal cliff” scenario, and welcomed the resulting outcome. “Will it cause a problem?” he asked rhetorically. “Yes. There will be a short recession, and it will be painful.” Yet despite the “painful recession” that will ensue, Dean expressed exuberance for the higher tax rates and the cuts in military spending that will result as well.

In a recession, individuals and families often lose. They often lose jobs, careers, and homes, and sometimes families are torn apart. Governments that truly prioritize the wellbeing of the citizenry, usually try to avoid recessions - for these, and other reasons.

But when governmental leaders prioritize their own power and agenda over and above the wellbeing of the citizens they serve, a “painful recession” is an acceptable means to an end. You and I may lose our home or job in an upcoming Obama recession, but that is of little concern. The President and his party have made it clear that their goal is to control more private wealth, spend that wealth as they see fit, and make the citizenry more dependent on government services.

When I was a kid, it was laughable to think that even the inept President Jimmy Carter was regarding inflation as “our friend.” Today, all Americans should be sobered by the reality that our President may be quite intentionally sending us in to recession, as an acceptable means of accomplishing his objectives.


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: inflation; jimmycarter; recession; saturdaynightlive
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1 posted on 12/09/2012 7:21:40 AM PST by Kaslin
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To: Kaslin

More people need to see: Obama is not stupid and inept; he is deliberate, and he is successful.


2 posted on 12/09/2012 7:26:00 AM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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To: Kaslin

yes


3 posted on 12/09/2012 7:30:36 AM PST by bgill (We've passed the point of no return. Welcome to Al Amerika.)
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To: ClearCase_guy

Most who voted for Obama in 2012 don’t care, as long as they get theirs.


4 posted on 12/09/2012 7:33:16 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Kaslin
Ole Jimmy was the second worst president ever. Zero holds down the top spot there.
Slick comes in at third turd.
As bad as Jimmah was he did at least practice what he preached. He didn't squander $$ like 0 does. Remember the sweaters he wore? The turning down the thermostat at the WH?
ZERO spends OUR money like its water. . . . . .
5 posted on 12/09/2012 7:33:16 AM PST by DeaconRed (The Lunatic is on the grass, and in the White House. . . . (Brain Damage- Dark Side of the Moon))
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To: Kaslin
Recession is the wrong word
Financial Collapse is more Correct

BTW, when GDP / M2 drops < 1 it is game over for Capitalism


6 posted on 12/09/2012 7:33:28 AM PST by HangnJudge
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Comment #7 Removed by Moderator

To: ClearCase_guy

Well, that was what Rush was telling us in January, 2009. That is also the message of” 2016,” the documentary. He believes in a much less powerful America, an American Sweden but of course one without the sturdy Swedish common identity.


8 posted on 12/09/2012 7:33:43 AM PST by RobbyS (Christus rex.)
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To: Kaslin

Fiscal cliff? What a cartoonish concept. It evokes some silly scenario where all will be saved at the last minute when yet another deal averts the whole Obama clown parade with their tattered “Its all Bush’s fault” banners from tumbling into the abyss. Well it ain’t that simple. Sixteen trillion in Federal debt growing by 3-4 billion per day as deficit spending continues, trillions more in state and municipal debts, huge unfunded entitlements, wholesale dollar printing and worse of all a bizarre anti capitalist EPA spewing daily regulations that kill entrepreneurship and the creation of wealth. Obama has America in a very bad state. Too sad to be sarcastic.


9 posted on 12/09/2012 7:34:03 AM PST by allendale
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To: Kaslin

Is America Headed Into An Intentional Recession?
>>>>>>>>>>>>>>>>>>

Obama is a fascist bent on the destruction of free America. Its quite simple.

Everyone should brief themselves by reading here:

http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html

The nation is daydreaming and under the bludgeon of a continuous media campaign waged by the left ( Media, Politicians, progressives, educators , unions.) There is a disconnect from even the budgetary necessaities of government and its spending and borrowing.

The signal that Obama intends to destroy America is in his
insistance to have a unilateral unconstitutional control over the debt ceiling.Obama wants absolute appropriation power and complete authority over the power of the purse, a power relegated to Congress by the Constitution.

If we are to win, the GOP must now invest in and wage a counter propaganda campaign, and attack Obama for his ideology, and empower the conserbvative base of the GOP. Boehner is doing the opposite by conducting a silent purge of conservatives in the Senate and the House committees.He does so to secure his position as Speaker. The rumble is beginning and Boehner needs to leave and let a strong leader emerge.Jim DeMint’s exit is a sign which portends
horrible future suffering in America.

Obama is the enemy of The People, pushing them to make decisions based on emotion rather than the most fundamental logic.


10 posted on 12/09/2012 7:34:32 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: HangnJudge

Opps, double tap...


11 posted on 12/09/2012 7:34:59 AM PST by HangnJudge
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To: HangnJudge

Why is sucking money out of the private economy by cutting spending recessionary, but sucking money out of the private economy by government borrowing stimulative?


12 posted on 12/09/2012 7:36:57 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: Kaslin

“Mah fellow Americans, inflayshun is ow-uh friend…”

FDR actually had MGM produce a propaganda film that made precisely that assertion.

http://www.youtube.com/watch?v=JUvm9UgJBtg


13 posted on 12/09/2012 7:37:18 AM PST by Skepolitic
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To: csmusaret
Why is sucking money out of the private economy by cutting spending recessionary,
but sucking money out of the private economy by government borrowing stimulative?

It is a False Dichotomy
This why the GDP/Worth/Debt graphs are foreboding

14 posted on 12/09/2012 7:40:41 AM PST by HangnJudge
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To: DeaconRed
Slick comes in at third turd.

Sorry, but Slick tops this list.

At least Obama got Bin Laden when he had the chance, something Clinton didn't do even though he could have with much less risk. Clinton's only saving grace was coming into office after the Cold War ended and being in office when the tech boom occurred. With a compliant MSM to give him credit for all of the jobs created by the tech boom and to keep our attention off of the numerous attacks from Bin Laden that occurred during his Presidency, he got to leave office with the legacy of "the peace and prosperity of the Clinton years" while punting the WOT and its cost to the next administration.

Take away the tech boom, add the cost of either the Cold War or the WOT, and Clintonomics doesn't look much better than Obamanomics.

15 posted on 12/09/2012 7:42:07 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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To: Kaslin

It’s sad that Rush is not getting his wish, which is my wish as well, that Obama would fail.


16 posted on 12/09/2012 7:42:49 AM PST by Thorliveshere
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To: HangnJudge

No...I want a Democrat to explain that false dichotomy to me.


17 posted on 12/09/2012 7:46:07 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: csmusaret

The longer they delay the inevitable,
the worse the crash will be...

When this thing goes,
Those who cannot fundamentally support themselves will Die
The Cities will be Death Traps


18 posted on 12/09/2012 7:50:38 AM PST by HangnJudge
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To: TwelveOfTwenty

To be more precise, as long as they get “yours”.

People will buy things they normally wouldn’t buy if they had to use their own money.

You see it every day in the grocery store.

People on the govt dole buying what people that provide their own way don’t buy.

That’s one reason food prices are skyrocketing.


19 posted on 12/09/2012 7:50:38 AM PST by IMR 4350
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To: Kaslin
Good morning.

If it hadn't been for the Fed buying U.S. debt, the stimulus in '09, and all of the other government spending, GDP would be negative.

In other words, we (the private sector) never got out of the 2007-08 recession.

So, as proved once again, you can't spend your way out of a recession, or debt.

Speaking of debt, the brain trust in DC forgot the first rule of holes, among other things.

5.56mm

20 posted on 12/09/2012 7:51:43 AM PST by M Kehoe
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To: Kaslin
The answer is YES, and I'm doing my best to help it get there via not purchasing a single new thing aside from food, clothing and occasionally repair parts to help it get back into recession.

My way of getting even with the Obama-bots. I hope they all suffer.

21 posted on 12/09/2012 7:52:18 AM PST by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: Kaslin

It’s called the Cloward-Piven Strategy.

http://www.thenation.com/article/weight-poor-strategy-end-poverty#

The linked 1966 article in Nation generally argues that increasing welfare rolls will collapse our economic system so that a more equitable economic order can be established.

However, the bottom line tells a different story, “If organizers can deliver millions of dollars in cash benefits to the ghetto masses, it seems reasonable to expect that the masses will deliver their loyalties to their benefactors”.

Although Obama attended Columbia University after Professors Cloward and Piven retired, no doubt he is well aware to their strategy.


22 posted on 12/09/2012 7:52:23 AM PST by izzy (Sidehill)
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To: Candor7; HangnJudge
The signal that Obama intends to destroy America is in his insistance to have a unilateral unconstitutional control over the debt ceiling.Obama wants absolute appropriation power and complete authority over the power of the purse, a power relegated to Congress by the Constitution

That part of your post reminded me of this article at Canada Free Press:

Obama: Give me Dictatorial Powers or I’ll Take your Country out

23 posted on 12/09/2012 7:52:48 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: HangnJudge

We already owe more per capita than Greece owes, and they are just a hint of what lies in store.


24 posted on 12/09/2012 7:53:13 AM PST by csmusaret (I will give Obama credit for one thing- he is living proof that familiarity breeds contempt.)
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To: M Kehoe
In other words,
we (the private sector) never got out of the 2007-08 recession


25 posted on 12/09/2012 7:56:11 AM PST by HangnJudge
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To: HangnJudge
Thanks. Graphs tell the story much better than words or numbers by themselves.

Imho, we're screwed.

5.56mm

26 posted on 12/09/2012 8:02:57 AM PST by M Kehoe
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To: HangnJudge

I almost threw up when I saw your post. I will never understand why the GOP didn’t buy a half hour commercial on prime time and let Paul Ryan give a Power Point presentation. I am a trial lawyer. When I was a kid, we used to use a few boards with a few photos blown up. Now, I use Power Point during my opening. How else would I get the Jury to understand what I have been working on for three years in 20 minutes?


27 posted on 12/09/2012 8:06:27 AM PST by MattinNJ (Col. West in 2016!!!!!!!!)
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To: HangnJudge

I almost threw up when I saw your post. I will never understand why the GOP didn’t buy a half hour commercial on prime time and let Paul Ryan give a Power Point presentation. I am a trial lawyer. When I was a kid, we used to use a few boards with a few photos blown up. Now, I use Power Point during my opening. How else would I get the Jury to understand what I have been working on for three years in 20 minutes?


28 posted on 12/09/2012 8:06:27 AM PST by MattinNJ (Col. West in 2016!!!!!!!!)
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To: HangnJudge

I almost threw up when I saw your post. I will never understand why the GOP didn’t buy a half hour commercial on prime time and let Paul Ryan give a Power Point presentation. I am a trial lawyer. When I was a kid, we used to use a few boards with a few photos blown up. Now, I use Power Point during my opening. How else would I get the Jury to understand what I have been working on for three years in 20 minutes?


29 posted on 12/09/2012 8:06:27 AM PST by MattinNJ (Col. West in 2016!!!!!!!!)
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To: M Kehoe
Imho, we're screwed.

Sort of like watching a steamroller coming toward you
Fascinating and Deadly

30 posted on 12/09/2012 8:08:10 AM PST by HangnJudge
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To: MattinNJ
I almost threw up when I saw your post.

Fear does not help
Understanding helps

31 posted on 12/09/2012 8:11:06 AM PST by HangnJudge
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To: TwelveOfTwenty
Most who voted for Obama in 2012 don’t care, as long as they get theirs.

They also have no idea of the end game which will show them that thier "poverty" today will seem like a period of great wealth once their pet politicians finish the job.

32 posted on 12/09/2012 8:13:12 AM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
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To: HangnJudge

Whoa, -12% GDP? I don’t know how that could be possible and be able to survive.

I wonder what it was that acoounts for the 8% rise from 2010 - 2012...more funny money or accounting tricks?


33 posted on 12/09/2012 8:14:27 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: ClearCase_guy
Obama is not stupid and inept; he is deliberate, and he is successful

He is stupid and inept (watch him and listen to him); at the same time, he is deliberate and he is successful (thanks to the media propagandizing for him and propping him up).

34 posted on 12/09/2012 8:17:31 AM PST by Salvey
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To: HangnJudge

Who is John Galt?


35 posted on 12/09/2012 8:21:05 AM PST by bicyclerepair ( >-> Zombies eat brains. >-> 50% of FL is safe.)
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To: bicyclerepair
Who is John Galt?

His (Hers?) is one path
Sequester resources
Reboot economic system and productivity
Where? How? Who? are open questions

36 posted on 12/09/2012 8:36:31 AM PST by HangnJudge
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To: Las Vegas Ron

GDP = C + G + I + NX

C = all private consumption, or consumer spending, in a nation’s economy
G = sum of government spending
I = sum of all the country’s businesses spending on capital
NX = Exports - Imports

Since G Is total Governmental spending,
it does NOT include deficit accrual,
which is removed from total worth
The Government borrowed money like a drunken sailor
to prop up the GDP numbers

Similarly, Private Citizens borrowed indiscriminately
to prop up their lifestyles (a trend that is changing)


37 posted on 12/09/2012 8:53:47 AM PST by HangnJudge
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To: DeaconRed

My tagline for about 9 months in advance of the election in 2008:

Obama: Carter’s only chance to avoid going down in history as the worst U.S. president ever.

I hate being right.


38 posted on 12/09/2012 8:54:56 AM PST by FreedomPoster (Islam delenda est)
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To: Kaslin

Doesn’t the word “recession” imply an eventual return to normality? Uh....it’s not a recession folks. This is more like liquidation.


39 posted on 12/09/2012 9:07:42 AM PST by The Toll
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To: Kaslin

No. We are in the midst of one.


40 posted on 12/09/2012 9:08:01 AM PST by roamer_1 (Globalism is just socialism in a business suit.)
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To: Kaslin

This is just typical obamanomics.


41 posted on 12/09/2012 9:11:21 AM PST by AmericanSamurai
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To: TwelveOfTwenty
"Sorry, but Slick tops this list."

It's a HARD job picking the worst from those three.
I won't take up for either of them.
You can have Slick as #1. He is about as useless as they come.

42 posted on 12/09/2012 9:14:12 AM PST by DeaconRed (The Lunatic is on the grass, and in the White House. . . . (Brain Damage- Dark Side of the Moon))
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To: The Toll
Doesn’t the word “recession” imply an eventual return to normality? Uh....it’s not a recession folks. This is more like liquidation.

Wisest post ever.

43 posted on 12/09/2012 9:14:12 AM PST by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Kaslin


44 posted on 12/09/2012 9:14:37 AM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: The Toll
Uh....it’s not a recession folks. This is more like liquidation.

Yup...

45 posted on 12/09/2012 9:15:16 AM PST by HangnJudge
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To: HangnJudge
GDP = C + G + I + NX

I understand that, don't agree that gov. spending should be included but my interpretation of that graph was that the "actual GDP" didn't include government spending (funny money) so I was curious as to what caused the rise between '10-'12.

46 posted on 12/09/2012 9:21:06 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
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To: Las Vegas Ron
I was curious as to what caused the rise between '10-'12

Profound FED injection of Cash

But Most of it is being held by Corporations and Banks
Both aware that the Evil Days Cometh


47 posted on 12/09/2012 9:30:53 AM PST by HangnJudge
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To: Kaslin

This is all intentional by the marxo muslim..
By taking out America, he has attacked the hub of western man... the guys who do all the trading and banking.

Unfortunate thing is the pea brain has little respect for the lives soon to be lost... globally due to war, destruction of organized supply systems, organized food production etc etc..

America has provided the world with peace, stability, productivity and prosperity for over 200 years ~ and now he wants to rip that down.

The guy thinks like a Afican blackman... no forethought.
Bitter, bitter, bitter.


48 posted on 12/09/2012 9:32:05 AM PST by himno hero (hadnuff)
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To: Kaslin
We have been in a recession for more than four years.

We are headed for a deliberate depression for the purpose of implementing United Nations Agenda 21.

The stated goal of Agenda 21 is to evacuate the center of the United States of all human inhabitants and return it to its "natural" state. They are preparing both coasts to house hundreds of millions more people. The state of California is bankrupt because it is building a passenger rail system that seemingly goes to nowhere. It makes no sense unless you understand that they plan on having a lot more people there in the not-too-distant future.

They could never accomplish this politically.

How they can accomplish it is to destroy the US economy and wait for the starvation to begin.

Then they just tell everyone that, if you don't want to starve, head to one of the coasts where free housing and food await you.

49 posted on 12/09/2012 9:43:23 AM PST by E. Pluribus Unum ("The more numerous the laws, the more corrupt the state." - Cornelius Tacitus, Roman Senator)
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To: TwelveOfTwenty
At least Obama got Bin Laden when he had the chance,

The Won was dragged kicking and screaming to that event.

The only thing he "got" was "out of the way".

50 posted on 12/09/2012 9:49:54 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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