of 2009

Summers, Bernanke, and Geithner are doing what they can under the circumstances. Geithner in particular is laboring under a huge handicap as he is the only one of the top 19 positions at Treasury in place. The other 18 would be his policy team of experts working the problem 24/7, but Obama hasn’t even one active nomination pending for those slots (possibly because he spent a great part of his political career demonizing the people who could fill them, or even more possibly because no one wants to join the Titanic crew two hours after they hit the iceberg when the Captain is a proven buffoon).

However, the country will not go bankrupt. The massive debt will be paid by hyper-inflating the currency, always the easy way out for incompetent governments who get over their heads in red ink.

Bankruptcy might be preferable, though.

Obama and the dems on the AIG diversion. He was sure CNN would get to the bottom of who knew what when in the Dodd-Obama contradiction on the amendment when the obvious response should have been

that we KNOW Obama signed the bill and all but 8 dems voted for the bill that exempted the AIG bonuses.

We always let the dems move the goalposts when we have a winning hand staring us in the face.

Nice guys like Gregg cause us to finish last.

I must have been dreaming about the multitrillion dollar hockey stick graph I saw on RS last night, because I woke up today with one thought. What will blackhead say?

---

Activists Taking Action: Unified Patriots

that eighty years ago Von Mises was closer to the truth when he repeatedly referred to the collectivists of his time as “destructionists”.
Imagine all the fun to be had by the gods of politics & media as they watch the little people, the unconnected, squirm in misery.

It would hardly be the first time in history that government, the ruling class, the State, has deliberately inflicted pain on it’s “subjects”.
I doubt the O & the Missus would lose much sleep but ah, the opportunities for pity and condescension, and naturally more “guvmint” programs. The power to be gained would send more than a thrill up quite a few legs in Washington.

Bankrupting the USA as payback is what Obama wants. Get even with whitey for all the harm done to blacks, real and imagined.

While Obama might be drunk on power a good chunk of America is drunk on credit. Look at the average credit card debt in America. (http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276.php) Americans cannot control their own spending much less have any desire to control the Obama administration’s. I think I’ll move to China because the Yuan is going to be worth more than the dollar in a few years.

The real question is how can the GOP rope enough Indies, Libertarians, Reagan Dems to form a coalition to attempt to stop this trillion dollars and rising mess!?We can rant all we want but unless the votes are there, the liberal pacifist Dems will continue to print, force Red Ink on all of us, tax us into the poor house and the minions of Obama will actually feel, note , feel, they are getting back at all those evil corporations (that give them jobs BTW). Gregg can rant too but unless he can convince RINOS in his own Party to stop supporting the Administration, nothing can be done to stop the downfall of our capitalist system.. Mar. 31, a House election in NY could help if a Pub actually won that race. Then next year, we must chip away at open seats and vulnerable Dems. It will be a long fight but it must be done or free enterprise will go the way of the DODO in his nation.

They knew they really posed little threat and that the American Socialists (read: PROGRESSIVES) would eventually destroy , or at least degrade, this Nation from within. Plus weak Foreign Affairs allowing them to exploit/expand their Sphere-Of-Influence! But, even they would probably be surprised at the speed at which the Obamunists are Fast-tracking America to match Socialist Europe!