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Obama Economic Advisory Member Calls For Another Stimulus Package Refusing To Learn From Germany's Success With Less Spending
Last Updated on Wednesday, 01 September 2010 11:27 Written by Wake Up America Newsletter Sunday, 29 August 2010 17:50
Posted by Susan Duclos
"This crisis did not come about because we issued too little money but because we created economic growth with too much money, and it was not sustainable growth. If we want to learn from that, the answer is not to repeat the mistakes of the past." --German Chancellor Angela Merkel
Merkel said that in March of 2009 when she rejected calls to spend more public money in Germany as part of a coordinated stimulus for the global economy. (Source)
Instead, Germany created a short term small stimulus spending approximately 1.5 percent of G.D.P (gross domestic product)and took measures to balance their budgets and restore confidence.
Barack Obama and his team of economic advisors chose to go the opposite route and borrowed 6 percent of G.D.P and passed a massive stimulus plan costing $787 billion, extended unemployment benefits and passed the trillion dollar Obamacare healthcare package.
David Brooks called the difference in the handling the economic situation a "natural experiment" and compares the two countries and the results of that experiment over a year later.
The early returns suggest the Germans were. The American stimulus package was supposed to create a “summer of recovery,” according to Obama administration officials. Job growth was supposed to be surging at up to 500,000 a month. Instead, the U.S. economy is scuffling along.America's growth is crawling at 1.6 percent and unemployment is up to 9.5 percent and a member of President Obama’s Economic Recovery Advisory Board, Laura Tyson, claims a second stimulus is needed and unemployment would be up to over 11 percent without the original stimulus.
The German economy, on the other hand, is growing at a sizzling (and obviously unsustainable) 9 percent annual rate. Unemployment in Germany has come down to pre-crisis levels.
Results from one quarter do not settle the stimulus/austerity debate. Many other factors are in play. For example, Germany is surging, in part, because America is borrowing. Essentially, we Americans borrowed from our kids, spent some of that money on German machinery, and ended up employing German workers.
But the results do underline one essential truth: Stimulus size is not the key factor in determining how quickly a country emerges from recession. The U.S. tried big, but is emerging slowly. The Germans tried small, and are recovering nicely.
Yet, her opinion of what it "could" have been without the stimulus is just that, theory and opinion, yet the cold hard reality of what Germany did and how their method truly did stimulate their economy by lowering their unemployment numbers and a 9 percent growth is ignored by Tyson and team Obama.
As the graphs above show, Merkel was right. Massive spending is a temporary fix and proved to be unsustainable.
This is a lesson Team Obama refuses to learn and their refusal to admit they were wrong and instead want to double down their bet using our money, our grand children's money and even our great grand children's money, is unacceptable.
Obama's economic advisors need to be replaced immediately if this is the type of advice they are giving him.
Restoring Honor Rally
Last Updated on Saturday, 28 August 2010 17:58 Written by Newsmax.com Saturday, 28 August 2010 17:56
Beck Says U.S. Has "Wandered in Darkness" Too Long
Conservative commentator Glenn Beck and tea party champion Sarah Palin appealed Saturday to a vast, predominantly white crowd on the National Mall to help restore traditional American values and honor Martin Luther King's message. Civil rights leaders who accused the group of hijacking King's legacy held their own rally and march.
While Beck billed his event as nonpolitical, activists from around the nation said their show of strength was a clear sign that they can make a difference in the country's future and that they want a government that will listen and unite.
Palin told the tens of thousands who stretched from the marble steps of the Lincoln Memorial to the grass of the Washington Monument that calls to transform the country weren't enough. "We must restore America and restore her honor," said the former Alaska governor, echoing the name of the rally, "Restoring Honor."
Palin, the GOP vice presidential nominee in 2008 and a potential White House contender in 2012, and Beck repeatedly cited King and made references to the Founding Fathers. Beck put a heavy religious cast on nearly all his remarks, sounding at times like an evangelical preacher.
"Something beyond imagination is happening," he said. "America today begins to turn back to God."
Beck exhorted the crowd to "recognize your place to the creator. Realize that he is our king. He is the one who guides and directs our life and protects us." He asked his audience to pray more. "I ask, not only if you would pray on your knees, but pray on your knees but with your door open for your children to see," he said.
Democrats Drove President Obama's Car into the Ditch
Last Updated on Friday, 27 August 2010 15:50 Written by By Morgan Philpot American Thinker Friday, 27 August 2010 15:45
August 26, 2010 American Thinker By Morgan Philpot
President Obama and the Democrats have a new favorite campaign and press talking points metaphor that compares the American economy to a car that Republicans supposedly drove into a ditch. Not only did the GOP drive the car into the ditch, the Democrats say, but they have also left all the heavy lifting to the president, Harry Reid, and Nancy Pelosi. There is one major flaw with this new favorite metaphor; it was actually Democrats who were driving when the car (America's economy) went into the ditch.
The 2006 election cycle was a disaster for Republicans. The economy was robust, federal spending growth was beginning to decline, and the stock market was humming. But Americans were growing tired of the war in Iraq, and they were fed up with the scandals and broken promises of a party that had sold itself to the American public as the party of fiscal responsibility and family values.
Republicans still held the White House, but in January 2007, Harry Reid and Nancy Pelosi took over the show in Washington. The shift in power was hailed as a mandate on the direction the country had been heading under a Republican-controlled Congress and White House. Time Magazine went so far as to argue that the election results represented the "end to the Republican Revolution."
After four years in the driver's seat, a close examination of the numbers and timeline paint a much different picture from the President's metaphoric masterpiece.
Unemployment
According to the Bureau of Labor statistics, the unemployment rate sat at 4.6 percent back in January of 2007, the same month Democrats took control of the House and Senate. Three and a half years later, unemployment hovers around 9.5 percent, a total of eight million jobs have been lost, and under-employment is at a record high.
Read more: Democrats Drove President Obama's Car into the Ditch
U.S. Assures Israel That Iran Threat Is Not Imminent
Written by Super Administrator Friday, 20 August 2010 11:49
It's okay Israel. Don't worry, you still have a year before you get "wiped off the face of the planet"!!! Stupid Obama administration!!! Easy for them to say. Iran isn't in "their" backyard!!! ~~Beez
The New York Times
By Mark Mazzetti and David E. Sanger
WASHINGTON — The Obama administration, citing evidence of continued troubles inside Iran’s nuclear program has persuaded Israel that it would take roughly a year — and perhaps longer — forIran to complete what one senior official called a “dash” for a nuclear weapon, according to American officials.
Administration officials said they believe the assessment has dimmed the prospect that Israel would pre-emptively strike against the country’s nuclear facilities within the next year, as Israeli officials have suggested in thinly veiled threats.
For years, Israeli and American officials have debated whether Iran is on an inexorable drive toward a nuclear bomb and, if so, how long it would take to produce one. A critical question has been the time it would take Tehran to convert existing stocks of low-enriched uranium into weapons-grade material, a process commonly known as “breakout.”
Israeli intelligence officials had argued that Iran could complete such a race for the bomb in months, while American intelligence agencies have come to believe in the past year that the timeline is longer.
“We think that they have roughly a year dash time,” said Gary Samore, President Obama’s top adviser on nuclear issues, referring to how long it would take the Iranians to convert nuclear material into a working weapon. “A year is a very long period of time.”
We Allowed Anti-Americans to Take Over America
Last Updated on Sunday, 08 August 2010 11:08 Written by Ted Nugent: The Washington Times Sunday, 08 August 2010 10:42
NUGENT: It is us
We're the ones who allowed anti-Americans to take over America
By Ted Nugent || The Washington Times
Barack Hussein Obama did not sneak into power. An army of clueless, disconnected, ignorant Americans invited him to bring his Marxist, glaringly anti-American jihad into our lives. This president's overtly destructive, clear-and-present-danger agenda is surpassed in transparency only by his ultra-leftist public voting record and overall lifetime conduct of consorting with the enemy as a child and student of Marxism, socialist and racist community organizer, congregant of the blatant America-hating black-theology- and social-justice-spewing Rev.Jeremiah Wright and close personal friend of convicted communist terrorists like Bill Ayers, and by his unflinching appointment of an array of communist czars, including Van Jones, Cass Sunstein, Anita Dunne, et al. So let me get this straight: You claim your intentions were noble because you simply wanted to get your child a puppy but somehow didn't notice that it was foaming at the mouth, and now you're shocked that your child has rabies? I think not. That is not a mistake. It is negligence -- dangerous, life threatening and, I am convinced, downright criminal negligence.
And the price for such negligence is catastrophic, don't you know.
But it gets worse. For, you see, the blame doesn't fall just on the obvious stupidity of our friends and families who voted for this corrupt, death-wish government in whose stranglehold we find ourselves. Ultimately, it is our fault. It is the failure of those of us who know better but have failed miserably to educate our own. Living our lives with a captive audience of family, friends, co-workers, socialites, fellow worshippers at church and other parents at school -- everyone in our everyday walks of life -- far too many of us have allowed uneducated, history-devoid, denial-riddled, fantasy-driven, anti-gun and anti-hunting, anti-capitalism general ignoramuses to remain so and run amok, when by all thoughtful considerations, it was our duty to educate and upgrade everyone in our lives to truth, logic and the American way.
It is the terminal curse of apathy and disconnect that got us into this shameless mess we find America in today, and in all honesty, we have no one to blame but ourselves.
We all saw it coming, but political correctness caused most of us to clam up in the ridiculous mindset that it was more important to avoid hurting feelings than to stand up for what we knew in our hearts was being trampled underfoot. Sadly, America has become a nation of ultra-thin-skinned, whining little girls, afraid of our own shadows and so cowardly as to back away from the simple solution of speaking the truth when we know we are supposed to do so.
I have been damned as being a radical extremist my entire adult life for simply standing up and relentlessly promoting and celebrating self-evident truth, logic and common sense. The devil brigade acting upon the Saul Alinsky deception playbook has made its mark by lying, cheating and attacking with the very hate that it accuses everybody else of harboring. With an overall complicit media to bullhorn the brigade's agenda, a nation of sheep has taken the pill and swallowed it whole.
Welcome to the new fat, soft, cowardly nation of wimps with the perfectly corrupt president and pack of soulless hounds in government that they deserve.
Look at Harry Reid. Charlie Rangel. Listen to Nancy Pelosi. What kind of idiots do they represent? A huge army of idiots who wish to do nothing for their country, but whine for their government to do everything for them. Welcome to France, ladies and gentlemen, only worse.
There always have been bad, ignorant people in the world. But in the United States of America, land of the free and home of the brave, the epicenter of rugged individualism founded on the premise of live free or die, where the powerful DNA of defiance got us where we are as the last, best place on Earth, the ultimate violation is that so many hardworking, truly entrepreneurial, independent Americans backed down and failed to stand up when we saw the wimps squawking about all the wrong stuff.
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