Obama’s resort to The Big Lie


How many times in President Obama’s first press conference as President did he defend the stimulus bill by saying that the near unanimous Republican opposition is due to their desire to “do nothing”?

I lost count of recitations of the big lie tonight, just as I lost count over of the big lies over the last 40 years of all the times that Democrats told Americans that Republicans, if elected would starve the elderly and the poor and that black churches would burn.

The first question of the night was devastating:

And let me go to Jennifer Loven at [The Associated Press]. There you go.

Question: Thank you, Mr. President. Earlier today in Indiana, you said something striking. You said that this nation could end up in a crisis without action that we would be unable to reverse.

Can you talk about what you know or what you’re hearing that would lead you to say that our recession might be permanent when others in our history have not? And do you think that you risk losing some credibility or even talking down the economy by using dire language like that?

Unable to reverse? The United States of America?

He spoke for over ten minutes before calling on the next reporter for question number two, but never answered the question.

A president of the United States got called out as the anti-FDR, anti-George Washington and even anti-Abraham Lincoln. He must have realized at that moment when an AP reporter dared to commit the greatest slander one can commit against a Democrat by accurately quoting them that he was, at that moment, Jimmy Malaise Carter II.

Ten minutes of yak yak followed. He hope that so long an answer would make us all forget the question.

He was called out on his The Only Thing We Don’t Have to Fear is Obama Himself? and at that moment realized how insulting it sounded to many of his voters.

So he rambled for ten minutes plus.

Its hard to be a liberal Democrat. One simply can’t say what one actually believes. So one has to ramble for ten minutes and say nothing and forever repeat big lies.

The GOP has not advocated doing nothing but if the only two choices were this 25%+ GovernmentGrowthulus bill and nothing, then sign me up for the latter. But the GOP has advocated doing what has actually worked in the past to end recessions in the 1920s, 1960s, 1980s and 2000s, i.e. tax cuts, and especially those for those that actually create jobs.

But our President uttered The Big Lie numerous times that the only choice other than Pelosi’s bill is doing nothing.

Damn liar.

Mike DeVine’s Charlotte Observer, Examiner.com and Minority Report columns

“One man with courage makes a majority.” – Andrew Jackson


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You are right again...I watched the whole thing..

speciallist (Diary) Tuesday, February 10th at 1:28AM EST (link)

it was pathetic…..I have three kids…and 2 wifes….and I can tell when someone is lying to me

those “so called” reporters were less than brilliant…..like you said, the first question was great……he was talking to much…I was wondering how the MSM edit guys would ever find decent clips…

The only coverage I’ve seen so far is Charlie Gibson….uggg…the clips he showed did not tell the story of how lost Barry was…butt kisser

Can’t wait for the Youtubes!

I will weep for the country until we get some Objective news coverage

thanks 'llist, but I wish I could edit this thing for typos - Neil? - below is the edited version

Mike gamecock DeVine (Diary) Tuesday, February 10th at 11:21AM EST (link)

How many times in President Barack Obama’s first press conference (pictured) as President did he defend the stimulus bill by saying that the near unanimous Republican opposition is due to their desire to “do nothing”?

The McCain Plan is not “nothing” and it is only one of several GOP plans.

I lost count of recitations of the big lie tonight, just as I lost count of the big lies over the last 40 years of all the times that Democrats told Americans that Republicans, if elected, would starve the elderly and the poor and that black churches would burn.

The first question of the night was devastating:

And let me go to Jennifer Loven at [The Associated Press]. There you go.

Question: Thank you, Mr. President. Earlier today in Indiana, you said something striking. You said that this nation could end up in a crisis without action that we would be unable to reverse.

Can you talk about what you know or what you’re hearing that would lead you to say that our recession might be permanent when others in our history have not? And do you think that you risk losing some credibility or even talking down the economy by using dire language like that?

Unable to reverse? The United States of America?

He spoke for over ten minutes before calling on the next reporter for question number two, but never answered the question.

A president of the United States got called out as the anti-FDR, anti-George Washington and even the anti-Abraham Lincoln. He must have realized immediately, when an AP reporter dared to commit the greatest slander one can commit against a Democrat by accurately quoting them that, he was, at that moment, Jimmy Malaise Carter II.

Ten minutes of yak yak followed. He hoped that so long an answer would make us all forget the question.

Not a chance at the Examiner

The President was called out on his “The Only Thing We Don’t Have to Fear is Obama Himself?” fear-mongering routine of the past ten days, and probably realized how insulting it sounded to many of his voters when hearing it repeated from the lips of the usually friendly Associated Press in public.

So he rambled for ten minutes plus.

Its hard to be a liberal Democrat. One simply can’t say what one actually believes and maintain credibility with the American public. So one has to ramble for ten minutes and say nothing or forever repeat big lies.

The GOP has not advocated doing nothing, but if the only two choices were this 25%+ GovernmentGrowthulus bill and nothing, then sign me up for the latter. In fact, the GOP has advocated doing exactly what has actually worked in the past to end recessions in the 1920s, 1960s, 1980s and 2000s, i.e. tax cuts, and especially those for them that actually create jobs.

President Obama says he wants to create jobs, right? But, it seems that the only ones he wants to create or “save” are those held by state and federal government workers that we have to be taxed in perpetuity to maintain.

But our President uttered The Big Lie numerous times that the only choice other than Pelosi’s bill is doing nothing.

Do Democrats care about the poor?

For decades, the national Democratic Party has regularly rolled out the Big Lie that Republicans don’t care about the poor or the unemployed. Yet, the Democrats repeatedly advance proven failed policies and the GOP advocates for the very policies that have better helped poorer and lower income workers.

This lesson was taught in spades in the 1960s, 1980s and early 2000s. The President seems not to know this history and then compounds the problem by alleging that tax cuts for the rich caused the present crisis when it is patently obvious that the liberal Democrat policies at Fannie Mae and Freddie Mac caused the housing bubble by forcing lenders to take mortgages from borrowers that could not afford them and then guaranteeing the mortgages with taxpayer dollars.

The evidence suggests that Democrats don’t care about the poor, and that is The Big Truth.

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

I thought Dems loved the poor...

gregm Thursday, February 12th at 1:51PM EST (link)

that’s why they keep trying to make more of them.

That's right - gotta maintain one's food supply

civil truth (Diary) Thursday, February 12th at 2:00PM EST (link)

…apropos to W.C. Field’s comment as to how he liked children…

The greatest evil…is conceived and ordered (moved, seconded, carried, and minuted) in clean, carpeted, warmed, and well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voice. Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the offices of a thoroughly nasty business concern. -C.S. Lewis

http://www.gmsplace.com/

 
 
 
 

He was knocking down so many straw men

Flagstaff (Diary) Tuesday, February 10th at 2:16AM EST (link)

that it must have been a fire hazard.

In fact you are right. NOTHING would be better than this bill. Wait a minute, that’s what he said too. I mean, this bill can be beaten by NOTHING. No, that’s wrong.

DOING nothing would be better than passing this bill. That’s it. Even the CBO agrees. (I don’t have the link).

It really should be all tax cuts and nothing else except maybe essential immediate spending. How about using it to buy ammunition and armor and all those things the Lefties say Bush didn’t do to protect our troops? Finish the Border Fence. Hire more Border Patrol agents. Raise military pay and benefits. IOW, do what is both important and urgent, or even just important.

“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964

great ideas 'staff - nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 11:21AM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

Here's another one.

Flagstaff (Diary) Tuesday, February 10th at 1:02PM EST (link)

Build more prisons. It’s something not done much by the private sector.

“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964

And put them in California. I understand there is a critical shortage

Praying (Diary) Tuesday, February 10th at 3:38PM EST (link)

of prison space. They’re releasing a bunch of prisoners due to “over crowding”. Hope they all swarm to Queen Botox’s neighborhood.

No!!!11!1!!1!1! The Bilderbergers are coming

50,000+

Flagstaff (Diary) Tuesday, February 10th at 11:30PM EST (link)

That’s what gave me the idea.

“The press is so powerful in its image-making role that it can make a criminal look like he’s the victim and make the victim look like he’s the criminal. If you aren’t careful, the newspapers will have you hating the people who are being oppressed and loving the people who are doing the oppressing.”– Malcolm X, Audubon Ballroom, December 13, 1964

 
 
 
 
 

For something that is now 1500 pages large...

Steph C (Diary) Tuesday, February 10th at 6:10AM EST (link)

he doesn’t have the slightest idea of what’s in it. He can’t do anything but talk as I’ve said before, ad infinitum.

Like the mislabeled amnesty bill of recent times past, there are so many bombs in that thing that it will take a year to ferret them all out. And Obama rambles on… lie, lie, lie, lie, and more lies.

“[I]f the public are bound to yield obedience to laws to which they cannot give their approbation, they are slaves to those who make such laws and enforce them.” –Candidus in the Boston Gazette, 1772
Hillbilly Politics

 

The Obama Legacy: Lies, damned lies and abject incompetence... nt

rbdwiggins (Diary) Tuesday, February 10th at 6:59AM EST (link)

“Well, the trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.” – Ronald Reagan

either that or...

kyle8 (Diary) Tuesday, February 10th at 7:22AM EST (link)

Bold political leadership that carried us through a horrible crises caused by the neocons evil war, and greedy fat cat wall streeters.

You haven’t yet figured out that we are living in the world of Big Brother, He is never going to be blamed until we are all dead and gone.

“Nothing works like freedom, Nothing succeeds like liberty”
Kyle

The One will not be able to quell the Public's ire...

rbdwiggins (Diary) Tuesday, February 10th at 7:51AM EST (link)

once they realize they’ve been had.

I, like Charles Krauthammer, am [pleasantly] surprised, and it restores my faith in the American people (somewhat), that the awakening is happening so… quickly.

“Well, the trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.” – Ronald Reagan

 
 
 

He keeps saying "the great depression" too.

NeoKong (Diary) Tuesday, February 10th at 7:39AM EST (link)

Another lie.

Follow me on Twitter.

 

Whether the pork is in the recipe or added in an earmark-like manner,

6eorge Jetson (Diary) Tuesday, February 10th at 8:37AM EST (link)

…it’s still an ingredient.

Geez, even the AP is calling Obama out. At least for one night, one writer was irked enough by the Obama Hustle to question the veracity of his assertions. And submitted late enough in the middle of the night to go uncensored by the editorial advocacy staff.

I hope reporter Calvin Woodward has his finances in order. Truths like this get people fired in the MSM.

AP Fact Check

 

I love you,GC

Maggie_in_Indiana (Diary) Tuesday, February 10th at 10:25AM EST (link)

you seem to post what I’m thinking and say it oh so well. Liar..ha ha umm. thanks.

Maggie in Indiana

you made my day with that gal - Maggie rules - nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 11:22AM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

 
 

They have told the lie so long

George Neitz (Diary) Tuesday, February 10th at 11:44AM EST (link)

That they really on the surface feel it is true, yet deep down they know instinctively that it is all smoke and mirrors. As I watched him I got the distinct impression of a man with his pants on fire.

“Socialism only works
in two places:
Heaven where they don’t
need it and hell where they already have it.”
-Ronald Reagan

exactly - nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 11:59AM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

 
 

Obama is refuted by some really smart people

izoneguy (Diary) Tuesday, February 10th at 2:48PM EST (link)

http://www.cato-at-liberty.org/

Here are four Obama statements that deserve closer scrutiny:

1. “[I]f you delay acting on an economy of this severity, then you potentially create a negative spiral that becomes much more difficult for us to get out of. We saw this happen in Japan in the 1990s, where they did not act boldly and swiftly enough…”

The fact is that numerous presidents, including Obama’s immediate predecessor, have used desperation and fear to sell some of the truly awful policies to come out of the U.S. government in the last 50 years — the Gulf of Tonkin resolution and the Iraq War resolution, to name two.

2. “What it does not contain, however, is a single pet project, not a single earmark, and it has been stripped of the projects members of both parties found most objectionable.”

This one severely strains credulity. The president is right about one thing: many of the bill’s projects are online for all to see. But could any reasonable person agree that these projects are stimulative and not aimed at special political interests?

3. “Most economists, almost unanimously, recognize that…when you have the kind of problem we have right now…that government is an important element of introducing some additional demand into the economy.”

We’ve been over this, Mr. President. The truth is that a huge and still-growing number of respected economists think that a massive government spending effort in our present circumstances is wasteful and foolhardy.

4. “What I won’t do is return to the failed theories of the last eight years that got us into this fix in the first place…”

OK, so we actually agree with the president on that one. But then why is he bound and determined to repeat the reckless spending habits of George W. Bush? We thought the November campaign was all about “change.”

http://www.cato.org/special/stimulus09/cato_stimulus.pdf

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

good ones izoneguy-nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 3:44PM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

 

555555! - nt

Rod_Patrick (Diary) Thursday, February 12th at 2:17AM EST (link)

The last line is the best. - nt

Rod_Patrick (Diary) Thursday, February 12th at 2:18AM EST (link)
 
 

He didn't just lie; he insulted my country

JustLeaveMeAlone (Diary) Tuesday, February 10th at 4:15PM EST (link)

I am just incredulous that Obama has the unmitigated gall to say that ANYTHING can’t be reversed by the people of the United States?

This is the nation that took on the combined powers of Imperial Japan and Nazi Germany — and won.

This is the nation that put a man on the moon.

This is the nation that bankrupted the Soviet Union and cracked the Iron Curtain.

Even now, this is the nation that half the other people on this planet would give there right arms to get to, to be allowed in, and to live in.

I take back everything I’ve said about Obama’s presidency being Jimmy Carter’s 2nd term. Carter only had a depressing “national decline” type of outlook. Obama is dismissive, patronizing, shallow, and insulting. He’s going to make Carter look like an America-first genius.

“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” Thomas Jefferson

amen in spades!!! - 5555555555 - nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 6:53PM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

 

5555555 - Good On Ya JLMA !

Kenny Solomon (Diary) Tuesday, February 10th at 7:08PM EST (link)

I wouldn’t be so nice in wording as you so eloquently put things, so all I’ll say is this………… truth:
Just for the fact that some HuffPo wanker was “randomly chosen” to ask a question made me go out and by a little extra ammo.

———————-

That abject mess today in Ft. Myers cemented something in me that will have many people call me a cold-hearted bastage…….. The people I do not feel sorry for in the least are the ones who voted for this Fascist-In-Training-Pants……. They’re the folks who are gonna have their lives terribly altered first and hardest by any “problems”.

Some dude works at Mickey D’s for around 4 years and expects the world…………….. The rest of ‘em were “gimme, gimme, gimme”.

Any self-respecting person wouldn’t put themselves in that position of grovelling or elevating a mortal man to God-like status…………. and NOT ONE so-called “leader of men” would come remotely close to accepting behavior like that from anyone who placed their trust in him/her.

I’d better stop before I really lose it.

 

Yeah, but now the president of Russia is telling us we're doing stupid things ...

David123 (Diary) Tuesday, February 10th at 7:30PM EST (link)

and he’s right.

I guess there’s nothing like living under Marxism for teaching you that Marxism doesn’t work.

David123

 
 

Obama is dismissive, patronizing, shallow, and insulting

izoneguy (Diary) Tuesday, February 10th at 6:58PM EST (link)

Only 3 weeks as POTUS and he is not winning any new friends. Another month of this and even his base will start eroding when they find out that the check is not in the mail.

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

He's

Wayne (Diary) Tuesday, February 10th at 7:34PM EST (link)

just giving us the Chicago treatment. As to his base eroding, when the checks don’t come, the gas tank isn’t filled and the mortgage isn’t paid, by someone else, they’ll really turn on him.
And, dismissive, patronizing. shallow and insulting are his good points.

“Hell, these are Marines. Men like them held Guadalcanal, and took Iwo Jima, Baghdad ain’t s–t”. Maj. Gen. John F. Kelly, USMC, Deputy CG, First MEF

 
 

oversold

Common_Cents (Diary) Tuesday, February 10th at 7:33PM EST (link)

Obama believed the rockstar hype. He gets pissed when people don’t hang on his every word as gospel. He will eventually get severe backlash from all the people that he promised he would save. But tremendous damage will be done, greater than the Carter era.

Obama=Golfer in Chief, Leading from, behind, the Back Nine.
Leaders don’t create movements. Movements create leaders. Get involved. Your future depends on it.
Govt “invests” YOUR tax money for POLITICAL return rather than economic return.

 

GC you've outdone yourself (almost)

redneck_hippie (Diary) Tuesday, February 10th at 10:12PM EST (link)

Great words, my friend, great words. You are providing a heroic service, analyzing an appearance that I, for one, did not have the stomach for.

I took a quick (less than 30 seconds) look at DK last nite. Only a little infantile slobbering but no real analysis (naturally) of The Novelty Presidents First Dance. Methinks the more rational kooks are laying back to see if the puppetmaster (Rahmbo) can save the show. I agree that there’s going to be hell to pay when this disaster becomes apparent even to the stupid.

It’s becoming obvious the The Emperor can’t pull off the show unless he’s the ringmaster for a rock concert with sausage and beer on offer.

Carry on, sir!


Activists Taking Action: Unified Patriots

thanks brother - nt

Mike gamecock DeVine (Diary) Tuesday, February 10th at 10:16PM EST (link)

Mike DeVine’s Examiner.com, Charlotte Observer and The Minority Report columns
“One man with courage makes a majority.” – Andrew Jackson

 
 

Unfortunately Obama continues to manage the message

NickDeringer (Diary) Wednesday, February 11th at 12:02PM EST (link)

Drudge is reporting that Caterpillar will rehire employees if the stimulus passes. This is a meaningless gesture, but very powerful. Obama will survive all his mistakes because he portrays himself as compassionate just as Clinton did.

We need a good media strategy or we are looking at 8 years of Obama.

So Caterpillar "hires" a few hundred and gets

izoneguy (Diary) Wednesday, February 11th at 12:06PM EST (link)

billions in Caterpillar orders to build those roads. Will the Caterpillar execs limit there pay to $500,000 per year if they take stimulus funds?

Meanwhile the business without unions or a democratic inside track will have to cut millions of more jobs. Looks like USSR 2.0

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

 

Need more than a "good media strategy" or

Achance (Diary) Wednesday, February 11th at 12:08PM EST (link)

you’re looking at 80 years of socialist governemt. 8 years of BHO is a minor problem.

In Vino Veritas

Look at these responses

izoneguy (Diary) Wednesday, February 11th at 12:28PM EST (link)

This one from Rep. Jason Chaffetz, a Republican

http://www.cnn.com/2009/POLITICS/02/11/chaffetz.stimulus/index.html

Rep. Jared Polis, a Democrat,

http://www.cnn.com/2009/POLITICS/02/11/polis.district/index.html

Night & Day

Yin & Yang

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

 

you’re looking at 80 years of socialist government. 8 years of BHO is a minor problem.

izoneguy (Diary) Wednesday, February 11th at 12:30PM EST (link)

It would never last that long. America will burn to the ground before that happens.

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

America is a lot richer than the old Soviet Union,

Achance (Diary) Wednesday, February 11th at 12:35PM EST (link)

and people can very quickly adapt to being “comfortably uncomfortable.” Ain’t nobody much in America going to burn much of anything; it would take getting off the sofa and possibly missing American Idol.

In Vino Veritas

 
 

True

NickDeringer (Diary) Wednesday, February 11th at 12:35PM EST (link)

We have to start somewhere…

BHO is the front man of a very big socialist scam. The Dems could never have pulled this off under Clinton. Obama has the media not only covering for him, but advocating for him.

We need to get the warning message out and we need to do it soon. If this stimulus goes through it will give them an unbreakable foothold. Once it passes all economics stories coming out the MSM will suddenly be sunny and bright. The next TARP bill will be bigger and much easier to pass.

Over at Hot Air they’re reporting that Obama is coordinating with 527s to launch attacks on GOP leaders. It’s all about mind share.

 
 

Some businesses (especialy apolitical) really support Obama's Stimulus but may not make further investment.

Rod_Patrick (Diary) Wednesday, February 11th at 1:45PM EST (link)

Caterpillar is just like other businesses. Why not accept the stimulus being offered by the Government? It’s almost free anyway. Caterpillar can always have a room to defer its job cuts, if that’s the cost of receiving the freebies being offered by Obama. But make no mistake: When the business futher slumps in the future, Caterpillar and other businesses will still have all their right to reduce their manpower as part of their overall contingency strategies.

The way I see it, many businesses are really supporting and welcoming Obama’s Spending Bill.

STIMULUS PACKAGE AND MARKET ARE JUST TWO DIFFERENT ANIMALS:

Private sector’s support to Stimulus Package does not necessary represent enthusiasm on their part to make new investments and even roll their money in the financial market. Consider these assumptions:

1. Supporting The Stimulus Package is exclusive from Making New Investments/Flowing Money to Financial Market.

You may ask me why the market is still bearish despite such support from businesses. Support to Obama’s Spending Bill is not fully intertwined with the private sector’s investment psychology. They can support the Spending without compromising their investments.

2. Why invest if it’s already the Government doing the investment for them?

Cost of Government Money is much much cheaper compared to required return by the investors. So the investors will just say, “alright, consume the Government Money for all its worth. Let’s just wait where we can use our money later when we can already see the light at the end of the tunnel.”

3. The Stimulus Package is just a wrong signal for the private sector to make investment commitments. Private sector may support the Package but will continue asking for TAX CUTS.

Financial market will continue to plummet because the root cause of the problem still remains (or sadly, even gets worse). Note that all the advocates of the Stimulus Package have failed to provide a clear value chain framework on how the federal funds will trickle down to its intended end-users and yield the intended positive impact to the financial market.

In crisis like this, even technicians/chartists in the financial market also turn into as fundamentalists (who trade based on economic outlook). Fundamentalists know the bad impact of Government intervention very well: such intervention replaces and reduces the value of private funds.

Problem for Obama: Tax cuts and Stimulus Package are just two opposing policies. How can Obama pays the debt component of the package if there will be no corresponding tax increases in some sectors? Any drivel that harmonizes the two is just a big LIE.

4. Despite the promise of the Stimulus, the private sector will continue to regard the market as TOO RISKY (i.e., money is more safe if kept away from the market).

They have already a concrete example, the 1st Stimulus and Bailout signed by GWH. They could hardly track its outcome, except maybe for its inflationary impacts.

5. Private sector investments normally cover scenarios at short-term or medium-term, but not REALLY long-term.

Obama says that we are on this crisis for a long haul and we need much much Bigger Stimulus (now really a Porkholous.) This policy is double-bladed. We all know that this logic will support Democrats’ long term goal. I mean that if we continue on this policy, we will have welfare state as the only viable outcome in the long run.

We might think that Businesses will factor it as part of their overall decisionmaking, but generally, it’s a BIG NO But this is a long run scenario. Entities like Caterpillar don’t factor this planning horizon in their immediate decisions.

EXEMPTION: Of course, we have those “conservative” investors who are opposing Obama and will not invest further (or actively participate in the financial market). These investors intrinsically don’t support Obama’s policies and will most likely not actively participate in the financial market or in making additional investments, except in some industries where government intervention is still limited.

Look at GM

izoneguy (Diary) Wednesday, February 11th at 2:10PM EST (link)

They are cutting workers because the government told them to re-structure or they don’t get any more money. The carrot & the stick. So one company will get some stimulus business and says it might hire workers back. Another company already gets bailed out and the government says do something and they fire workers.

Government intervention in business is bad no way you slice it.

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

Peace be with you, izoneguy.

Rod_Patrick (Diary) Wednesday, February 11th at 2:45PM EST (link)

I agree. And I know that EagleWatcher’s comment has some element of snark in it.

But the comment really points to the MSM’s most dangerous lie that tries to play the line “Obama’s Stimulus Package is so good that it has won major support from the business/financial sector and even high-caliber economical/financial experts.” MSM is trying to hide the fact that the business sector and some large financial firms have “conflict of interest” in the Bill, THE ECONOMIC RENT.

Besides explaining the “rent seeking society’ being promoted by the Stimulus Package, I just want to emphasize that the “psychology of finance and business” does not always jibe with the psychology of economists, particularly the experts of political economy.

The matter of economic rent explains why:

1. Even the business sector can sometimes act like “dumbs” and become trumpheteers of a sure-fail government program/policy.

2. No matter what money the Government pour into the economy, the ordinary people remain financially troubled. The government funds are only being sucked up by some entities which are in better position to absorb the wealth being wasted by the Government.

I have never heard of any Republican that raised the issue of rent-seeking in any forum/debate regarding the Stimulus Package.

 
 

Caterpillar has to suck up and be nice;

Achance (Diary) Wednesday, February 11th at 2:23PM EST (link)

there is no love lost between them and organized labor. Cat weathered a long and nasty strike in the late-80s, early 90s that brought the union back with its tail between its legs but opened the construction equipment market wide open to Cat’s Japanese and Korean competitors. Cat needs friends in the government or they won’t get the equipment orders to build all that stimulating stuff.

In Vino Veritas

Once Obama is done

izoneguy (Diary) Wednesday, February 11th at 2:27PM EST (link)

the only market that CAT will have WILL be the Feds

The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.

The only place you see new Cat stuff is on big

Achance (Diary) Wednesday, February 11th at 2:34PM EST (link)

publicly funded projects or on projects in industries that have to deal with a lot of federal regulation and permitting. Private sector companies will either buy the cheaper competitor or buy the Cat stuff after it is shucked for each of these big projects. The game is that a part of each of the big companies that play this game’s bid is all new equipment to do the work. So, you buy new stuff, the government pays for it, and you sell it on the used market when the job is done. Get another job, buy new stuff.

In Vino Veritas

 
 
 
 
 

Bravo Mike

fmaidment (Diary) Wednesday, February 11th at 10:23PM EST (link)

Excellent analysis.

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“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”
– - Thomas Jefferson, to Archibald Stuart, 1791

 

Bill Clinton may have been a pathilogical liar, I believe this guy knows exactly when he is lying

olsmithie (Diary) Thursday, February 12th at 2:04PM EST (link)

Nice Article Cocky .

Regards

 

He resorted to the Big Lie. . .

centrist46 (Diary) Thursday, February 12th at 3:44PM EST (link)

I am afraid I have to disagree with you Mike. Not with the substance of your observation, or its truth. What I disagree with is that this is not the first time.

I live in Illinois, I know and thank you for your sympathy, but BO has been lying and repeating the lies since I don’t know when. Maybe when granny asked him if he was smoking dope at Columbia. But in Illinois politics BO has always lied. He told Illinois voters if elected to the US Senate he would serve out his term, he wasn’t going to run for president.

During the spring he tossed Jerimiah and granny both under the bus when the good Reverand wouldn’t shut up.

He lied about Billy Ayres, whom I am surprised he didn’t appoint as Secretary of Education.

He did not lie about change. He changed the Washington DC scene back in time to the Clinton administration.

No more old fashioned partisan politics was his mantra. Bi-partisanship, reaching across the aisle, yea to slap the GOP members into silence.

You have to remember Mike, he comes from Illinois, Crook County to be exact, where lying, cheating and stealing in politics is a wasy of life.

It is going to be a long 4 years.

Mike too

Michael Schindel

 

Obama Lies, Freedom Dies

nivlem (Diary) Friday, February 13th at 12:44PM EST (link)

That speech was peppered with lies....

jazzycmk (Diary) Saturday, February 14th at 5:22PM EST (link)

….or at the very least, gross distortions.

The one that galled me was his tired assertion that the Bush tax cuts contributed to the current crisis.

That is another worn, class warfare provoking comment that he has made ever since he started campaigning.

Yet he has never explained how the tax cuts contributed to a crisis in the housing and credit markets.

People can fairly take Bush to task over a number of items, but this isn’t one of them.

jcmk

“90% of people don’t care about your problems…..and the other 10% are glad you have them” – former football coach Lou Holtz