Wednesday, October 21, 2009

When Pravda Says It - You Know It's Bad

The polices of this US Administration are vitally important to Canadians.
When Pravda Says You Are Too Liberal - you know that things are bad.

The economics of the Obama administration are vitally important to Canada and the whole world, so when Pravda criticizes the economic "tax & spend" liberal policies of the US, it should be time to wake up.

The deficit in the US has tripled in the first year of this administration. It is now three times what it was when Obama took office.

Why worry say some liberals? Well the answer should be obvious: foreigners hold nearly half the $7.5 trillion U.S. public debt. That means that the American taxpayers not only paid a massive $383.4 billion dollars in interest charges during the Obama's first year, but fully half of that money went overseas, without any benefit to the US economy whatsoever. Money down the drain - out the window - just to maintain the debt where it is.

$383.4 billion dollars in interest charges over the first year of Obama's administration; that averages to almost $32 billion per month in interest charges. Not one cent of that goes to schools, health care, roads, or to paying the ever increasing government payroll.

The data is taken from the US Treasury here

That $383.4 billion dollars is money that comes from the tax-payer; money that doesn't go to buying homes, paying off mortgages, or buying goods and services that help build the US economy. But here is the worst part - fully half of it goes overseas.

You have to be an ostrich if that doesn't frighten you.

BUT, it is going to get worse, because the Obama administration want to increase spending even more. There is the energy bill, the Cap and Trade bill that will add billions in costs to the economy, which must be born by industry and private citizens - it will be a disaster. (Millions of green jobs? Does anyone believe that?) Plus there will be a massive increase in costs to the US taxpayer as a result of the proposed health care reform in is current form, which will result in a further restriction on growth and recovery.
Cutting taxes helps the economy; increasing taxes slows down and stifles the economy.
It has been shown in the past that the best way to stimulate the economy and create jobs is to cut taxes. A cut in employment tax for example, provides an immediate boost to industry, by reducing their costs. This produces a direct stimulus which acts fairly quickly. However, the current economic policy is exactly the opposite. That is why we should all be concerned; if the US economy falters the whole world will feel the effects. (Think of the huge amount of US aid that currently is distributed all round the globe; if the US economy is not strong how can they sustain this giving?)

The US with its massive spending is lagging the recovery of the rest of the world - not leading it. That should be proof enough. But tax and spend is at the heart of liberal dogma. It doesn't work but they are not about to let the facts get in the way of their liberal  ideology.

Where are the conservatives in Canada? We seem to be complacent up here.
If the US economy falls - we will be drowned in the tsunami.
"The American Self Immolation, Truly a Sight to See" from Pravda:
It can be safely said, that the last time a great nation destroyed itself through its own hubris and economic folly was the early Soviet Union (though in the end the late Soviet Union still died by the economic hand).
Now we get the opportunity to watch the Americans do the exact same thing to themselves. The most amazing thing of course, is that they are just repeating the failed mistakes of the past. One would expect their fellow travelers in suicide, the British, to have spoken up by now, but unfortunately for the British, their education system is now even more of a joke than that of the Americans.
While taking a small breather from mouthing the never ending propaganda of recovery, never mind that every real indicator is pointing to death and destruction, the American Marxists have noticed that the French and Germans are out of recession and that Russia and Italy are heading out at a good clip themselves.
Of course these facts have been wrapped up into their mind boggling non stop chant of “recovery” and hope-change-zombification. What is ignored, of course, is that we and the other three great nations all cut our taxes, cut our spending, made life easy for small business…in other words: the exact opposite of the Anglo-Sphere.
That brings us to Cap and Trade. Never in the history of humanity has a more idiotic plan been put forward and sold with bigger lies. Energy is the key stone to any and every economy, be it man power, animal power, wood or coal or nuclear. How else does one power industry that makes human life better (unless of course its making the bombs that end that human life, but that's a different topic).
Never in history, with the exception of the Japanese self imposed isolation in the 1600s, did a government actively force its people away from economic activity and industry.
Even the Soviets never created such idiocy. The great famine of the late 1920s was caused by quite the opposite, as the Soviets collectivized farms to force peasants off of their land and into the big new factories. Of course this had disastrous results. So one must ask, are the powers that be in Washington and London degenerates or satanically evil?
Where is the opposition?
Where are the Republicans in America and Tories in England?
 Where are the conservatives in Canada? If the US economy falls - we will be drowned in the tsunami.

Read the "The American Self Immolation, Truly a Sight to See" here


Gurth Whitaker
Calgary AB

13 comments:

  1. The Republican Party is presently at an all time low. Less then 20% of Americans say they are Republicans. When did that Communist rag Pradva become and expert source on anything American. Draw a line in the sand and pick a side to stand on.

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  2. "The Republican Party is presently at an all time low"

    So your point is hopsas, that we don't need to worry about the US economy? Even though it is a fact that job losses continue to rise, while at the same time the US deficit is $1.4 trillion, according to the White House estimate for the fiscal 2009./ This is now 10 percent of gross domestic product.

    The economic situation is OK because it is a Democratic President in the Whitehouse?

    I don't care whether it is GOP or Dems - I wasn't born into a family with political affiliations ; what is important to me is that the US economy gets going, and the best way to do that is reduce spending and increase tax cuts.

    I want Obama to succeed – it’s his policies that I take issue with not his party.

    Pravda maybe is a rag – but that’s the point. But the numbers come from the *US Treasury*. So tell me where their analysis is wrong.

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  3. hopsas, I should add by way of rebuttal to your Republic numbers, that the Democrat dominated Congress is at a 24-year low in approval according to the Pew Research Centre.

    Congressional Favorability at 24-Year Low

    Americans are extremely displeased with Congress, and there are already some signs that this could take a toll on the Democrats in the 2010 midterm elections. Currently, 37% express a favorable opinion of Congress, while 52% hold an unfavorable view. Positive opinions of Congress have declined by 13 points since April and are now at one of their lowest points in more than two decades of Pew Research Center surveys.

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  4. Poll’s – it all depends one which one your reading. Check the ABC News/Washington Post Poll or CBS News/New York Times Poll. They both say the approval rating is about 47%. But I guess the Pradva or the Moscow Times Poll’s are the only ones that count. Next I expect to see US Democrat poll numbers from Iranian News Farsi.

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  5. Very funny hopsas - "the Pradva or the Moscow Times Poll’s are the only ones that count."

    I was quoting the Pew Report.

    The ABC News/Washington Post Poll is badly flawed. I'll come back with some more detail on this.

    What is significant is when we look at the numbers for "strongly approve" or "strongly disapprove". Then we see higher disapprove.

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  6. hopsas, I want to stay away from the Dem v GOP approach, so if there is good support for Obama's policies, then there is even more reason to be alarmed.

    Fortunately I don't think that there is strong support; when people understand the full impact on the economy and the effect it will have on their personal finances, then that support will be eroded even further.

    I am concerned that the economic policies of this administration are bad for the US and therefore bad for Canadians.

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  7. "It can be safely said, that the last time a great nation destroyed itself through its own hubris and economic folly was the early Soviet Union." When was the Soviet Union ever a GREAT NATION?

    The present collapse came during the BUSH administration. It will take bold and decisive measures to right the ship. Give this administration time. If you were a student of American history, you would know when Bush took office there was a budget surplus. That’s right we were in the Black, Not that Pradva RED you like to quote. It’s up to the Democrats to save the nation AGAIN!

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  8. ha ha hopsas

    So after 8 years and fighting 2 wars, the US had a deficit. So because the current administration inherited a deficit it had to triple the deficit in one year to save the nation!

    Can you explain why the current administration has to triple the deficit to save America?

    So far according to the White House, the huge spending has created 33,000 jobs, whereas the number of unemployed has risen to 15.1 million.

    Plus many other huge spending plans for cap and trade and a health-care plan.

    In your next comment can you explain how this is going to save America?

    Tell me what is wrong with the analysis instead of saying witty things about the Russians.

    BTW the Russian economic collapse was caused by SOCIALISM. Big government running the economy - do you see a connection?

    Other countries are showing stronger recovery; the US should be leading the way, so why is isn't it?

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  9. Time is the answer my friend. There is no instant fix. Why do you want the current administration to fail?

    I still believe in America, DO YOU?

    Gloom and Doom, Nay saying and Chicken Little (The Sky is Falling) attitude is not the American way.

    I have enough faith in America for the both of us. By the way – Who brought the RUSSIANS into this conversation?

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  10. ** Why do you want the current administration to fail?**

    I already said I want the current administration to succeed.

    I said this: “I want Obama to succeed – it’s his policies that I take issue with not his party.”

    I want the US to succeed and I want Obama to succeed. The way to do this is harness the resilience of the American people at what they are good at; that is being good entrepreneurs, creating wealth and jobs though creating small and medium businesses. That is the American way my friend, not socialism – not bigger and bigger government sucking the life out of the nation, with an enormous debt that will cripple you. But though private enterprise – that is what made America great. Not government programs

    I am touched with your loyalty to your party, but this should be a bipartisan issue. That’s what Obama promised.

    Obama is on the far left of the Democratic Party, along with Nancy Pelosi. Your party has been hi-jacked by the far left.

    BTW, you still didn’t manage to say what is wrong with the logic in the Pravda article, except that is Russian.

    The point is -"When Pravda Says You Are Too Liberal - you know that things are bad".

    That’s the bad joke – the Ruskies are laughing at the US – they want the US to fail.

    I don’t like their administration one little bit. They cannot be trusted and they are run by an ex KGB guy.

    See my previous post “UN Undermines Real Human Rights Efforts “. Russia is in the NOT FREE category, with a score of 5.5. Canada and the US have a top score of 1.0 – FREE.

    http://luxeveritas.blogspot.com/2009/10/un-undermines-real-human-rights-efforts.html

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  11. BTW hospas - I got to thank you, I am becoming energised with this debate and it is motivating me to do more posts on the US economy.

    The success of the US is important to me not only because I love the US, but because it is important for the whole world that the US economy becomes a powerhouse again.

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  12. I’m starting to worry about you my friend. Or should I say Comrade!

    You keep bringing up those Russians again.

    Please stop eating all that borsht and exchange all of the Rubbles you have hiding under your mattress for some real currency. GREEN BACKS!

    How did the right wingers hi-jacked the Grand Old Party?

    They are so far to the right that only 20% of Americans say they are Republicans. Two wars later and a deficit was not what Americans voters wanted.

    I glad that train driven by the Unmoral Majority has been derailed.

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  13. You got it backwards - it the WH which is going red - didn't you hear Anita Dunn's favourite "philosopher" is Mao Zedong.

    Latest Gallop poll
    * Conservatives - 40%
    * Moderates - 36%
    * Liberal - 20%

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