Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-5051-74 last
To: Las Vegas Ron
5 Year Trend-line of the GDOW
(Global measure of Corporate Worth)
Note That there has been an approximately
1/3 destruction of worth in last 5 years.

The Rise was an illusion


51 posted on 12/09/2012 9:50:22 AM PST by HangnJudge
[ Post Reply | Private Reply | To 46 | View Replies]

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

And he is a communists BLACK Muslim!

52 posted on 12/09/2012 9:53:26 AM PST by Logical me
[ Post Reply | Private Reply | To 2 | View Replies]

To: HangnJudge
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said: "If you don't work you die."
53 posted on 12/09/2012 10:03:40 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: DuncanWaring
In the Carboniferous Epoch we were promised abundance for all,
By robbing selected Peter to pay for collective Paul;
But, though we had plenty of money, there was nothing our money could buy,
And the Gods of the Copybook Headings said:
"If you don't work you die."


Written, Prophetically, in 1919
54 posted on 12/09/2012 10:07:35 AM PST by HangnJudge
[ Post Reply | Private Reply | To 53 | View Replies]

To: M Kehoe

That is what I think. Headed for a recession? We never recovered from the last one.


55 posted on 12/09/2012 10:11:18 AM PST by jospehm20
[ Post Reply | Private Reply | To 20 | View Replies]

To: Kaslin

How many leaders have gotten dictatorial power during emergencies? Is it really hard to believe the majority of those emergencies were manufactured?


56 posted on 12/09/2012 10:19:47 AM PST by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: HangnJudge

Thank you very much for all of the info, it all pretty much confirms what I thought and it’s damn frightening.

Worse part is there is not a thing we can do to stop it.

I’m glad I got to see America the way it should be, kids born after 1980 will never even know nor be educated about the difference.


57 posted on 12/09/2012 10:24:16 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
[ Post Reply | Private Reply | To 51 | View Replies]

To: DeaconRed

What about FDR or Herbert Hoover? They’re the ones who started the whole government meddling in the economy, and FDR was the one who started to turn our money into fiat.


58 posted on 12/09/2012 10:25:36 AM PST by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
[ Post Reply | Private Reply | To 5 | View Replies]

To: ClearCase_guy

More people should understand that Obama is abysmally stupid, but his owners are not, and they can steer him in the direction of their chosing, with impunity, because at least 51% of the voting public is as stupid as Obama.


59 posted on 12/09/2012 10:27:36 AM PST by editor-surveyor (Freepers: Not as smart as I'd hoped they'd be)
[ Post Reply | Private Reply | To 2 | View Replies]

To: HangnJudge

A year after the end of The Great War.

Pretty-much foretold the next century.


60 posted on 12/09/2012 10:29:09 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 54 | View Replies]

To: editor-surveyor
Why do you think he refused to give up his BlackBerry?


61 posted on 12/09/2012 10:33:55 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 59 | View Replies]

To: Las Vegas Ron

Quote from CFP, they know the score:

“Another “discovery” is that only Boehner (Obama’s new BFF) and Obama are “negotiating” behind closed doors. The American people—long ago—were shut out of their own government. Now Congress is being shut out, also. Sadly, most people will not accept that which is right in front of them…the truth that we have been living under a dictatorship for at least the last four years. The media won’t report it as, for some inexplicable reason, they rather like barbaric totalitarian governments. Besides, with the Benghazi assassinations being “okayed” by Obama, we already know the media support, if not endorse, murder from this “president” and they will protect and serve him no matter what additional atrocities he commits. And said new atrocities are coming, folks. The media stopped reporting the news years ago and now only deliver what the White House tells them to “report.” As a matter of record, Obama most recently met with Marxist channel MSNBC reporters privately 4 December, 2012.”

Thanks for the reference Ron!

Soon the attack on the MSM will begin, as people begin to starve and freeze. I can hardly wait to see the MSM pilloried by ridicule and demonstrations. Obama has become superfluous, a true enemy of the People.Its way bigger than him now.


62 posted on 12/09/2012 10:34:46 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
[ Post Reply | Private Reply | To 23 | View Replies]

To: Candor7
The media won’t report it as, for some inexplicable reason, they rather like barbaric totalitarian governments.

"Ministry of Truth".

63 posted on 12/09/2012 10:48:09 AM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 62 | View Replies]

To: Candor7

You’re welcome, that really was a devastating, depressing article.

None of our guys seem to have what it takes or the will to stop any of this so I guess it’s just a matter of time.

F’m all.


64 posted on 12/09/2012 10:49:46 AM PST by Las Vegas Ron (Medicine is the keystone in the arch of socialism)
[ Post Reply | Private Reply | To 62 | View Replies]

To: Kaslin
(Article) 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.

Tax more -- spend more -- elect more. Hey, wait a minute!

A light bulb finally begins to glow in the recesses of the Stupid Party.

Now if they could only grow a backbone.

65 posted on 12/09/2012 11:15:23 AM PST by lentulusgracchus
[ Post Reply | Private Reply | To 1 | View Replies]

To: HangnJudge

“when GDP / M2 drops < 1 it is game over for Capitalism”

Please elaborate.


66 posted on 12/09/2012 11:21:40 AM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
[ Post Reply | Private Reply | To 6 | View Replies]

To: HangnJudge; DuncanWaring

And instead of studying literature, there was a recent article here that there is a proposal to explicitly completely drop that, and instead use government edicts and laws to study English. Wonderful, eh? It would really up the level of government propagandization in our schools, as if it wasn’t bad enough already.

Here, found it:

Obamacore: The substitution of propaganda for great literature in our schools
http://www.freerepublic.com/focus/f-news/2966257/posts


67 posted on 12/09/2012 11:34:11 AM PST by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 54 | View Replies]

To: ctdonath2
“when GDP / M2 drops < 1 it is game over for Capitalism”
Please elaborate.

When GDP/M2 <1 then
the incremental change in GDP for injected Capital is less than zero
Return on Investment (ROI) goes globally negative

Capitalism operates by using Capital to make Capital
When the ROI on injected Capital is <0 then
Entrepreneurs cease to invest
due to expected losses on investment

Industry ceases to create Jobs
Industry ceases to grow
Industry seeks to cut losses,
by cutting Jobs and liquidating

This continues until there is a +ROI on investment, but
in the process, societal degradation accelerates
The Health Care System Collapses as Hospitals close
Death, Despair, Anger follows

There is a potential for the return of the Dark Ages

68 posted on 12/09/2012 11:39:36 AM PST by HangnJudge
[ Post Reply | Private Reply | To 66 | View Replies]

To: HangnJudge

The wording’s a little different, but I believe Karl Denninger (market-ticker.org) has written extensively on that.


69 posted on 12/09/2012 12:11:18 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 68 | View Replies]

To: RWB Patriot
"What about FDR or Herbert Hoover?"

They were before my time. I am only 66 YO.
LBJ was a low life scum too.

70 posted on 12/09/2012 12:25:39 PM PST by DeaconRed (The Lunatic is on the grass, and in the White House. . . . (Brain Damage- Dark Side of the Moon))
[ Post Reply | Private Reply | To 58 | View Replies]

To: Kaslin
Obama thinks that even though he will cause a recession that its really OK, in fact it a VERY GOOD THING, because he knows the media will help him blame the GOP.

In the End he and his side comes out doing well, while the rest of us suffer the losses of jobs, our homes, and in some cases our family stability.

But he's good, you know because he can escape blame and benefit by our national economic recession. If you really read what I just posted you will know all you will ever need to know about how morally corrupt the Obama Democrats are.

71 posted on 12/09/2012 2:34:11 PM PST by R0CK3T
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

Recession no depression yes Obama&Co are going to tax the hell out of businesses,not to pay the debt of 16 trillion but to spend more aka stimulus.
Jiffy Lube comming your way soon.


72 posted on 12/09/2012 2:50:47 PM PST by Vaduz
[ Post Reply | Private Reply | To 1 | View Replies]

To: HangnJudge; Kaslin

73 posted on 12/09/2012 7:18:23 PM PST by 4Liberty (Some on our "Roads & Bridges" head to the beach. Others head to their offices, farms, libraries....)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Kaslin

I don’t believe the “recession” of 2007-2008 “ended” in 2009. I simply don’t see it on the streets, nor do I believe a single number from the government. The USA is still in a recession.


74 posted on 12/10/2012 3:41:39 AM PST by astounded (Barack Obama is a clear and present danger to the USA)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-5051-74 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson