Huh? Well, you see, Obama and Co are banking on a normal business cycle picking up later this year or early next year to provide the funds necessary to cover the bonanza of spending they’ve enacted this year. It works like that, right? I mean, an economy goes up, up, up and then hits a slump and goes down, down, down…and then its back up, right? No necessarily. One might recall that period from 1929 until 1941 when things never really went back up – and had not WWII happened, there is no indication that we would have reached 1928 equivalent prosperity as long as FDR’s New Deal policies were in place. In other words, the Great Depression could have simply become “normal times”.
Here’s a news story to sober up you liberals:
U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.
Between the U.S. Federal Reserve’s trillions of dollars in lending programs, the $787 billion stimulus package and $700 billion — and counting — in bank bailout funds, no one can accuse officials of soft-pedaling their crisis response.
But there is increasing concern that when the flow of public money subsides — beginning next year when much of that stimulus package is spent — the economy still won’t be strong enough to stand on its own.
“The stuttering attempts to repair the banking and lending mechanisms so far by the new administration suggests that by late 2010, the specter of a second dip into recession will be looming large,” said Merrill Lynch economist Sheryl King.
My friend Nevada Pundit opines that if you dump that much money on the economy, you’re going to have at least a temporary positive effect. In other words, as we get into late 2009 and early 2010, we might see some signs that things are getting better – and you just watch the MSM praise it as the strongest economic recovery ever. But it won’t continue – it can’t continue. We’re not building wealth – we’re just spending money, and spending money we don’t actually have…and the money we borrow now won’t be able to be used for new business start-ups and the money we print will just devalue all money currently in circulation. The economy will go down, and go down rather hard – and now I’m not so sure that Nevada Pundit is even partially correct…with stock values collapsing we’re losing real wealth faster than Obamunism can temporarily create fake wealth.
What will you Obamaniacs do? Spend more money? Instead of $3,600,000,000,000.00, spend $7,200,000,000,000.00? If spending three trillion is going to work, why don’t we spend seven? Unless we conservatives can gain enough power in 2010 to thwart Obama, we’re heading for a ten year long (at least) economic depression. Stupid, stupid, stupid…and all we have to do to avoid it is start making, mining and growing things and getting government out of the way of such activities. Do that, and you liberals would have more tax money to spend then you ever dreamed of…but, you’re too short sighted, too narrowly bigoted and intellectually incurious.
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