[LINK] BARACK Obama has been re-elected for a second term as US President
tomk at unwired.com.au
Thu Nov 8 16:47:53 AEDT 2012
On 8/11/2012 9:23 a.m., Jim Birch wrote:
> tomk wrote:
> This is the President that oversaw the disappearance
> of more money during his tenure than all the previous presidents
> in the
> US put together since the formation of the Federal Reserve.
> This sort of oo-ah factoid is economic drivel. Obama became president
> as the GFC hit. He didn't create the GFC. The decline in the US
> budget position (if that's what you mean by "disappearance" of
> "money") during his tenure is basically due to a loss of receipts as
> the country - and the world - went into a massive recession. This is
> not to argue that that he has been a perfect economic manager, just
> that any serious judgement on his performance would require an
> analysis that goes beyond election slogans and clichés.
> A historical analysis of the lead up to the Weimar republic has a
> fascinating correlation to what appears to be happening in the USA
> Fascinating to the paranoid. It's actually a different situation in a
> radically different world.
> Free Money, A Trillion here, a Trillion There...
> http://youtell.it/willtell/?p=163 <http://youtell.it/willtell/?p=163>
> Not a reliable source for a sane world view. One click bought up this
> little gem:
> "Anthropologists have expressed dismay at the falling fertility rate,
> dramatically added to by the widespread adoption of abortion being
> utilized as a contraceptive. Of course this leaves our politicians
> with only one source of continuing population (taxes) growth…
> Where does one begin with such a confused, simplistic, racist rant?
> Lots of people imagine they understand economics. In the vast
> majority of cases it is ideological wishful thinking, hubris or just
> plain stupidity.
You're probably right Jim. Although I don't see how a humourous [see
posting tags...] Republican slanted video (with Australian stars) has
anything to do with monetary policy [but nice "change of subject matter"].
Although ... back on O/T, I'm still ideologically wishing I had a
banking license that was located in a non-Brics nation... but I'm still
pretty sure I can see Klingon's off the starboard bow.
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