Obama is a “Rock Star”

A Right Wing Argument Debunked

First of all, if you are going to say “make yourself look like a idiot”, you just did that yourself because it’s an idiot. Ask any economist and you will find out that we did not get into this recession because of George Bush. People like you don’t look at the cause of the problem, you only see who is in charge and blame them. We are here because of sub-prime mortgages given to people who financial institutions knew couldn’t pay off. Democrats want our country to be socialist, so they deregulate the restrictions so this can happen. Actually both parties are responsible, but more so with dems led by Barney Frank. You say this war is for oil and that we should be in Saudi Arabia. That just sounds ironics doesn’t it? Leave the country we’re in to go to the one where we buy our oil from. Riiiiggght….? We are in Iraq because of false intelligence about weapons of mass distruction and we could not leave because we had to fix the problem we made. You cannot just invade and then leave because then you will actually have a valid reason for a war. Lastly, spending 787 Billion dollars on contraception and tax credits aka welfare, is not going to stimulate anything. Increasing corporate taxes demotivates investors so I don’t see the logic as to how this can work. Destroy 7 million jobs in the private sector to create 4 million jobs in the government sector is a net loss of 3 million jobs. This adminstration has done everything wrong in its short life. Promoting people who committ fraud on their accounting reports to fix the economy is not an answer. Promoting Leon Panetta, a man with no intelligence experience, as CIA director in these fragile times is stupid. I don’t what it is you like about this guy. Palin was inexperienced and McCain was old, but what is it about this “rockstar” socialist that you love so much?

My Response

First of all, you seem like an intelligent person so I’m sure I don’t have to point out that spelling or typos do not reflect ones intellect as much as the ability to reason. Just like I won’t measure your intelligence by your lack of knowledge on these issues, you should not do so to others with spelling.

Secondly, you are correct in your assertion that this recession was not caused by one person or one party. However, when you turn around and blame Barney Frank or one political philosophy, it sounds a bit like hypocrisy to me. Aside from the fact that you seem to exempt Bush from any wrong doing, you also misrepresent liberal philosophy by claiming that “deregulation” is a liberal policy. Deregulation is not only a republican philosophy, it doesn’t help a socialist agenda in anyway unless you believe in conspiracies. You are also ignoring the fact that democrats have only had the majority for two years, and a small one at that. If the democrats did anything wrong it was through their display of weakness by not standing up to republican bullies in congress after being given a mandate by the people. They did not do their job. They pandered to the republican agenda by following republican policies like deregulation, limited government intervention and oversight.

Causes

Barney Frank and the SEC did not provide the correct oversight of Fanny & Freddy. However, Fanny and Freddy are not the main culprits no matter how you and Fox News twist it. And it was mortgage brokers (not democrats), who offered less-credit-worthy home buyers sub prime, adjustable rate loans with low initial payments, but exploding interest rates. That happened before the democrats won the majority in 2006. Under the 1978 legislation of the “Community Reinvestment Act” this has been possible for years. It was not until more regulations were stripped away (under Bush and Republican majority) did this become a problem.

Bill Clinton also pandered to the right wing majority with deregulation, by loosening market investment restrictions, trade restrictions, and credit restrictions to low income people. However these are republican ideologies written and passed by a republican congress. Except of course the part about helping lower middle class people because we know how much contempt republicans have for “lazy” poor people who chose to be born into poverty.

George Bush did his part by not providing the necessary oversight along with his policies of borrow and spend for war while giving tax cuts to the rich (intsead of spending that money here at home on energy efficient infrastructure that would have created jobs and a big investment return for our future) causing the money supply to be increased for funding, that resulted in low interest rates, combined with debt that causes inflation. This causes people to invest in assets that perpetually lose intrinsic value with each transaction at a faster rate. And lets not forget all of the deregulation that took place under 14 years of a republican majority.

Alan Greenspan ( http://www.youtube.com/watch?v=55-A1-D3MR0 ) who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages. Greenspan and the Federal Reserve are the root cause since the current monetary system is the basic foundation and controller of the nations money supply. They have the power to manipulate the money supply, interest rates, credit availability, and inflation. When the Fed creates money, they lower interest rates creating an illusion to investors and consumers, that it is a good time invest; when in fact it is the worse time, because under this system a boom is always followed by a bust, which will end up causing investments to lose value. This is then followed by a lack in consumer/investor confidence. The housing bubble was caused by the Fed lowering interest rates and creating an illusion of perpetual rising home values. When the fed contracts the money supply interest rates go up scaring buyers and causing a deep depression, so they must continue to create more money for spending to keep rates low but this adds to the debt. In order to pay the interest from the previous Fed loan they print more money that creates more debt keeping us all enslaved by the debt of the monetary system. There is no oversight or regulation of the Federal Reserve because it is a private bank which is not only illegal and unconstitutional, but it is the biggest threat to our freedom since they lobby the politicians and dictate our policy. Their ultimate goal is to consolidate the banks of the country and then ultimately the world to achieve a monopoly system of banking and government. http://video.google.com/videoplay?docid=-9050474362583451279

Also, Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.

A currency crash or returning back to the gold standard would have been the best way to achieve stability but we know that would not be in the best interest of the corporatocracy and the banker elites who issued the first bank bailout (Bernanke).Republicans like to use GDP growth as the measurement of a strong economy but in fact, expansion can be completely ineffective in creating jobs, overall prosperity, and less poverty. The longest period of growth, stability and shared prosperity this country has ever seen was a 20 year period of a 4% a year growth in GDP after America went back to the gold standard in 1879. As history shows, the largest economic booms like the roaring twenties are always followed by a bust. Much like right now the income gap was higher in 1928 than any other time to date. The same income disparity is why we are seeing this happen again.
Tax cuts for the rich while funding wars is what caused this. Reagan and both Bush’s combined have spent more on war than all democratic presidents have spent on anything total in the last century. And all while bring in less revenue as well. So democrats are more conservative than the republican presidents we have seen since Nixon. Eisenhower was a great republican president but I don’t hear you guys complaining about the 500 billion he spent on the interstate hwy system. http://www.cedarcomm.com/~stevelm1/Revenue_v_Spending.png

I have the suspicion that if this stimulus fails it will be Obama’s fault but if it works then republicans will credit Bush instead of the stimulus much like they try to blame eveything on Clinton.

Third, I can’t understand with all of the resources we have via Internet you can still believe the lie that we went to Iraq because of bad intelligence. Even if that were the case, it doesn’t give us the right to invade a country that didn’t attack anyone especially when there was no empirical proof that Iraq had WMDs. If that were a reason to invade a country and kill thousands of innocent people then why don’t we invade Russia, Korea, China, or Pakistan? There was a few reasons we went to Iraq but democracy or security wasn’t one of them. You are correct that we cannot just leave Iraq, but your missing the point that we are there because it is meant to be a sustainable endless war for profit, just like Afghanistan. You really think we can’t catch Bin Laden in a cave?

Lastly, there is virtually no pork for contraception in the bill. And tax credits are just one small portion of the tax cuts that you and I will be getting. That is not welfare. I don’t know where you get your numbers but there is no increase in corporate taxes and even if there was there is no data showing that increased corporate taxes cost jobs. In fact, we already have one of the lowest corporate and capital gains taxes in America when all the wealth is factored in. I don’t know where you get these numbers of 7million and 4million. 3million new jobs are estimated to be created DIRECTLY. That doesn’t include the jobs created indirectly and all the money people will save form energy efficiency and keeping people in their homes so values go back up.

• http://www.bestsyndication.com/?q=20090217_american_recovery_and_reinvestment_act_2009_spending_chart_graph.htm
• http://www.washingtonpost.com/wp-dyn/content/graphic/2009/02/01/GR2009020100154.html

Most people that support Obama do not see him as a “rock star” as you would like to claim. Most people voted for him because republicans are blatant failures. The only reason you want to believe that we are brainwashed sheep is so you can stay in denial that Obama won due to the utter failure that is the republican party. Bush and the Neocons are not true conservatives. Ron Paul is a real conservative. And until you guys realize that Obama and the democrats will be in office for a long time.