Today’s Racist Post
I’ve got plenty of reasons to oppose Obama, as well as the paler folks who work in his administration. Doug Ross runs down the list. A few of my “favorites”:
• First President to Tell a Major Manufacturing Company In Which State They Are Allowed to Locate a Factory
• First President to Demand a Company Hand Over $20 Billion to One of His Political Appointees
• First President to Fire an Inspector General of Americorps for Catching One of His Friends in a Corruption Case
[The] Keynesian approach to economics has reached it’s end-game. The imbalances in the global economy has reached a point where additional stimulus measure either from interest rate cuts or government handouts i no longer have a net positive effect, much less a sustained positive effect.
The second and we think the most important point to understand is that the power that be have no intention of discontinuing the Keynesian approach. Governments will continue to create short-term programs to help the economy, and central banks will continue down the path of manipulating interest rates and printing money.
Over 20% of disposable income currently comes from government handouts.
Obama and company are leading us down the path of ruination.
Plus, he’s black, amiright? That’s what I oppose.
Krugman, meanwhile, is not to be swayed from his religion of Keynesian economics:
And what the facts say is that Keynesian policy didn’t fail, because it wasn’t tried. The only real tests we’ve had of Keynesian economics were the prediction that large budget deficits in a depressed economy wouldn’t drive up interest rates, and the prediction that austerity in depressed economies would deepen their depression. How do you think that turned out?
Isn’t that what they say about communism? That is just hadn’t really been tried?
More on why Stimulus 1 didn’t produce; it’s not the failure of Keynesian economics, it’s Math:
Furthermore, the package was more heavily tilted toward tax cuts than the package that President Obama proposed. Tax cuts have less impact per dollar than spending. David Brooks could find this fact in the Romer-Bernstein paper as well. The appendix tells us that a tax cut equal to 1 percent of GDP will eventually increase GDP by 0.99 percent. By contrast, government spending equal to 1 percent of GDP will increase GDP by 1.57 percent of GDP.
If President Obama got a package that was smaller than what he requested and more tilted towards tax cuts than what he expected, then the impact on growth and jobs would be less than what he expected. He expected that the package he rquested would create 3-4 million jobs, the package he got would be expected to create something less than 3-4 million jobs. And, we know that the economy needed somewhere in the neighborhood of 10 million jobs.
So how is anything about stimulus disproved because a stimulus that could have been expected to create maybe 3 million jobs was not adequate in a downturn where we needed 10 million jobs? There are no tricks here, this is all arithmetic and it is all right there in black and white.
But all this can be summed up with one word. Racism. I,and many others, oppose Obama because he’s black. Nothing more.
Appearing last week on CNN’s “Piers Morgan Tonight,” Freeman said of the Tea Party movement: “Their stated policy, publicly stated, is to do whatever it takes to see to it that Obama only serves one term. What underlines that? ‘Screw the country. We’re going to whatever we can to get this black man outta here.”’
When Morgan suggested the Tea Party’s motivations may be more political than racial, Freeman replied: “It is a racist thing.”
’cause, yea, I have no other reason to oppose Obama. Just the color of his skin. Not his economic policy. Not his foreign policy. Not his domestic agenda.
Nope. Just that black skin.
Now would probably be a good time to mention that my current choice among the Republican field is Herman Cain.
As Herman Cain mentioned on Great Von Susteren’s show, “We’re over this first African-American President thing.”
Here here. Let’s move on to our second African-American president!