Tag Archives: The Economy

What is The Federal Reserve

 

The Creature From Jekyll Island (by G. Edward Griffin)

This video is fairly long but if you think the Federal Reserve System is a governmental agency or part of the government then you should watch this video or read The Creature From Jekyll Island which tells the story of the creation of The Federal Reserve System and explains how it works. When you start the book it reads like a mystery novel but is well documented now.

The author in his own words:

 

To learn more visit Freedom Force Internationalthe organization founded by G. Edward Griffin, Freedom Force International

 

Food Stamps Create Jobs

This comes about a week after Press Secretary Jay Carney claimed that unemployment checks create jobs.

Food stamps create jobs and stimulate the economy according to Obama’s Ag Secretary, Thomas Vilsack.

Well it’s obvious, what we need to do is put every American on food stamps. If every dollar in food stamps generates $1.84 in economic activity, then that’s a 84% growth rate.

…and far too many Americans nod and go, oh, OK.
Frightening.

S & P Downgrades U.S. Credit Rating

For the first time in history Standard and Poors downgrades U.S. Credit Rating.

This shows you just how much a scam this debt deal was as presented to the public. The media touted the deal as a major victory for the Tea Party. Really? Only 27% of polled Tea Party members thought so.

There were no real cuts to the spending. The one thing that would have made a difference and the one thing the Democrats feared the most was a Balanced Budget amendment. Not only would this have put us on a path to balance our budget but would change the way accounting works in Washington. No longer would there be “Baseline Budgeting” which allows the government to spend more while appearing to cut.

Cut, Cap, and Balance was our best bet and it was killed rather quickly. The plan after that was almost exactly what Harry Reid called for but included a balanced budget amendment as a result was voted down in the Democratically controlled Senate.

So here we are. The stock market has suffered a devastating week along with the single worse day in three years.
Job numbers remain alarmingly dismal and remain over 9%.
This “recovery” is the worst we’ve seen since WWII.

Do we really need further proof that Keynesian economics just DOES NOT WORK.

And Mr. President you can tax the rich at 100% and still not dig us out of this hole. It’s not about taxing and spending, it’s about the free market. It’s about small government and capitalism. The cornerstones of this country.

It’s the private sector that made this country great so get the hell out of their way.
Cass Sunstein, the EPA, OSHA and a perverted energy policy have essentially crippled the private sector and stopped job growth.
Isn’t it ironic that the reason we purchase Alaska was for it’s resources and now we are told we cannot take advantage of them. But you know, I could go on and on.

We know what works but they’ll have none of it on their way to the make believe utopia. They’ll print more money which will only lead to higher inflation,as well as  increased food and energy cost.

We must get this country back on track as soon as possible and pray that 2012 is soon enough.

By the way: Obama is blaming S&P by criticizing their methods to determine the rating.
It’s always some one else’s fault.
Mr. President YOUR POLICIES do not work. Just look at history, Europe or for that matter contrast California with Texas.

Shrink government and get the hell out of our way. You’ll be amazed at what Americans can accomplish.

 

Shoveling More of the Same

Debbie Wasserman Schultz, chairwoman of the Democratic National Committee, said on Wednesday. “We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace … (that pace = 1.8%)

I’ll bet the 14 million unemployed didn’t think that quite so funny.

This came the same week that Obama tried to explain the stagnant economy by blaming technology such as ATM’s on job loses.
Two words… pathetically sophomoric
One word… grasping

If this man and those that agree with, work with, advise and surround him are allowed another four years then we’ve lost the country. You will wake up one day and wonder “wha happened”.

Three months before his visit in 1959 to the US, Nikita Kruschev, Soviet Union Premier, one of the all-time butchers of human beings in the world, made the following quote:

We cannot expect the American people to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism until they awaken one day to find they have Communism.