Thank you for your analysis — eye-opening and thorough, as usual.

I don’t know what frightens me more: the simplistic Obama economic approach, which I cannot fathom coming from anyone who has even picked up an Econ 101 textbook, or the Obama approach to national defense.

“…… a marketing piece targeted at the ignorant, rather than a serious argument.”

Francis, you’ve said in those few words the entire modus operandi of how the next administration was elected. Cheers to you !

Since I’ve been a member here at RedState, I’ve learned beyond measure from your posts.

If any Republican even remotely supports or God forbid votes for this exercise in destroying a country, they should be literally tarred, feathered and ran up the nearest yard arm.

The word uncertainty occurs nine times in the finished report. If you don’t know what to do, the best thing is to do nothing instead of randomly acting.

The real enemy is the “cavalry” hiding in the woods on the left. The interest groups on the Left don’t need money, they’re rolling in it. When GWB should have been cutting off every contract and grant going to them, he fed them better than ever. They’ve forever demonstrated that they don’t give a damn about the people of their constituencies. In fact, they’d rather have a bunch of misery, hate, and discontent for it’s organizational effectiveness.

What they want is their institutional changes that will give them lasting power by putting the right either out of business or at an insurmountable disadvantage. They want card check, mandatory bargaining, repeal or strong limitations on right to work laws, fairness doctrine or something like it. They’ll have all the opposition focussed on a TRILLION dollar “rescue” package, and they don’t even care if they get it; they’re planning to get a lot more later.

Not only do the Republicans need to keep as far away as possible from this insane “stimulus” plan, they need to be educating the electorate as to why this will not work. This is going to be a textbook failure in the idea of central planning by the state, and the GOP would be well advised to noticeably and loudly return to promoting free market, limited government principles to contrast with the Democrats.

He’s right here.

It is nothing more than a basic payoff to constituencies. A quid pro quo in the name of stimulus, masquerading as aid to a floundering economy when it is in fact a whole bunch of cash filled envelopes being passed to people that helped get Barack Hussein Obama and the Democrats elected.

The ends justify the means. The report assists the means. What a complete piece of crap, and the damned ignorant fools that voted for Obama will fall for this hook line and sinker.

I never thought I would be living in an Orwell novel, yet here I am.

n/t

Spread this article far & wide, me hearties! Board the politburo ships and unbuckle your swash!

- Galleon Lootin’,Flintlock Shootin’, Freebootin’ Sal.

Your analysis of the Obama/Romer analysis reminds me of years ago when I knew a lot of people who went gaga over Chariots of the Gods?. When I read it, it seemed like von Daniken would make an assumption, build on it as proven fact with another assumption, then act like that was a proven fact, add another assumption, etc. (Maybe this was an early example of KnownFacts?) Then a much less famous book entitled Crash Go the Chariots came out that made me realize I wasn’t the only skeptical one. Too bad more people didn’t read it….

Ever Good Musicians Cannot Be Good At Arithemtic?-Idiots Perhaps.

diagreements…but won’t refute you on this post

As always, Kick Butt, FC.

Bernsteins on sometimes you could brings these critiques up with him it would be great.

Is not provide one vote for this “spend our way out, trillion dollar boondoggle”. And I would do it by telling people the first two tries at the emergency spending plans haven’t worked, despite being told they would.

I do believe that if you asked, could you spend your way out of credit card debt, most people would say no.

And yes, unfortunately for them, the Democrats own the budget, the first stimulus plan, the TRAP fiasco, and the huge 1.3 trillion dollar deficit for 2009. I would ram that home at every chance I got.

I would also call it what it is, a trillion dollars worth of pork.

is that it appears that Romer was willing to ignore much of her own research overstating the effects of government spending.

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I know this is unstoppable. However, Republicans need to run away from it as fast as they can. It is going to pass but trying to block it is also suicidal. The press backlash will be fierce because it will be blocking the wizardry of the magical one in his first hundred days of his rule. The MSM will not tolerate descent from Republicans.

Republicans need to genuflect and say “have at it”. Let no Republican put there name on it. However, we know there are still just enough squishes in the Republican Main Street Partnership who will vote for it, of course led by that “stalwart conservative” [yes its snark] John McCain.

Then pass the popcorn as it does nothing but disrupt the recovery time line that has already developed.

As I said before, that’s the best political option for the GOP:

Vote for any reasonable tax cuts (they shouldn’t be on record as supporting “give outs” to non-taxpayers, but they should be on record support tax cuts that are good ideas at any time), saying they are trying to improve a “flawed” bill.

Then they should vote against the whole bill, saying that, in the end, it’s laden with too much “pork”, will not stimulate the economy sufficiently, and will disastrously increase the deficit and the national debt.

Adding some of what you say in their final statement would be a great idea.

But doing this is the best of both political worlds.

Wasn’t this the new Chief of Staff for BHO? These financial dealings provide the distinct opportunity for the Lib’s to push through any garbage under the guise of being good for the country. They parse words selectively to pull on the emotions of the constituents who then avidly support the proposed plans.

Thank you for Francis for another great explanation.

So which is it? We’ve heard for years that we don’t save enough, now we shouldn’t save at all. But savings, all savings, wind up as investment which at some point convert to economic activity in a broad range encompassing both individuals and corporations.

I cringe every time I hear that in this bailout mess business is “hoarding” cash, the hell they are. Just where is this giant mattress wherein all the money is being mindlessly stuffed? Balance sheets are being supported as bad assets are written off and cash is placed in liquid, short term investments.
I wonder if Keynes ever saved money, or do our national economic advisers, the ones who will take us by the hand and guide us through tough times.

investment capital. Unless you bury your spare cash (savings) in a coffee can in the backyard, you are creating investment capital when you save. The money that you put into a savings account or other means of financial storage is lent to others. These other people take your savings and put that money to work. Of course some people will borrow to consume but eventuallly that money willl wind up being invested. Don’t read McConnel, read Smith, Ricardo, Say and Bastiat.