Stimulus packages like the kind Hillary has suggested do not work — they never work. Hoover tried them. FDR doubled and tripled that effort. The world stayed in Depression for a decade or more. Carter tried stimulus packages. They don’t work. Temporary gov’t work is not a substitute for a job created by the free market.

If Obama were to adopt McCain’s very good idea of cutting the corporate tax rate from 35% to 25%, every business in America would get an immediate and permanent boost. That would save and perhaps create jobs.

Bear in mind that things will get instantly better (in the press, as least) as soon as the One is inaugurated. People like chris Matthews think it is their job to make Obama succeed (he said so explicitly to Joe Scarborough, as if we couldn’t tell from the campaign coverage).

This economy was talked into the toilet by Obama and the MSM who were in the tank for Obama. Now that they’ve talked everybody into being discouraged and scared, what are they going to do?

This is reminiscent of the “crisis” that Frederich Hayek suggests always precedes a gov’t takeover of private industry and assets. He wrote this in “Road to Serfdom”.

Welcome to serfdom! Let’s all say, “Thanks, Obamabots!”

…in China.

Elizabeth Moyer, 11.12.08, 5:15 PM ET

http://www.forbes.com/home/2008/11/12/paulson-bernanke-fed-biz-wall-cx_lm_1112bailout.html

For all the fury over Treasury Secretary Henry Paulson’s $700 billion emergency economic relief fund, it seems downright puny when compared to the running total of the government’s response to the credit crisis.

According to CreditSights, a research firm in New York and London, the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system.

The Worst Is Not Behind Us

http://www.forbes.com/2008/11/12/recession-global-economy-oped-cx_nr_1113roubini_print.html

(No offense to any poster here who works in the industry. The only recent release I’ve even contemplated paying money to see is Flash of Genius.)

Aside from providing a peek into the lives of the rich and famous, Warner Bros. famously made their name by producing movies that were all too real, that explored the grittier side of life. Yes we now chuckle at some of the cliches and the outdated attitudes, however the ONE thing the old school moguls knew how to do was to cater to their audience and actually sell tickets.

Maybe there’s layoffs currently because nobody in flyover country wants to buy the weak product that is being sold.

However - a friend and I went out for dinner last nite, our first choice of restaurant was PACKED, the parking lot was full, it was a one-hour wait.

We went to a place next door, in the same price range, maybe a little higher, which filled up with the overflow from the first place. (Neither of these is a cheap venue.)

A couple weeks ago the Phils won the World Series.
The only reason I went to Modell’s for shirts is because I had a Chicagoan with me who wanted to take home souvenirs for her boy. The line in the Modell’s was so long it literally made a “U” around the perimeter of the store. And sports memorabilia is usually top dollar for junk product.

On radio this a.m. I heard a trucker complaining about being stuck in traffic for an hour and a half because of a ball game. He wondered what kind of recession we are in if all those people had money to splurge on a professional sports event.

(These examples all involve discretionary spending. I can only speak to the examples in my area, we have a diverse job base, maybe it will just take a while for the painful recession to land here.)

Absolutely loved it! My Chemical Engineer husband has to read this! He’ll have a good laugh!

The young man was moving his hands rhythmically, speaking with a kind of musical cadence, and there was some very unusual lighting. Years later, I saw this same young man, who had since become very successful and well-known on TV selling his self-improvement, get rich quick scheme.

When someone first suggested that Obama was using hypnotic techniques, I investigated this individual and several other more well-known self-improvement gurus. Most of them are not college graduates and have some very interesting early associations.

So IS Obama CIA or an MKULTRA product or a product of some other deviant group? That is a good, legitimate question as far as I am concerned. For that matter, can we ask that same question of Oprah?

I look at the Cloward Piven Strategy (did I learn of that here?), and wonder whether this has all been a well oiled strategy to move this country into socialism. So many people are willing to look to the government now to fix things that never would have suggested it before.

Have you guys read this article - it was written in February of this year, describing what could happen to gas prices and the economy in order to force a win for Obama. The article posits that Soros could manufacture high prices for oil, or an economic crisis in October. Eery??

http://www.americanthinker.com/2008/02/george_soros_and_the_alchemy_o.html

I suppose I’m one of those “small businessmen” everyone’s talking about. I’m more fortunate in that I’ve got a secured income from solid assets, only a little bit of it from stocks that have tumbled in value. I can afford to hold onto the stock, not worry about dividends, and wait for it to go back up. A lot of other people can’t, or won’t be able to do that.

I started one new business last year and one this year. I can keep them going because of my situation, even if I have to back off on expansion plans. Most small business owners can’t do that. And if I’d had any knowledge at the time of just what was going to happen with the economy and the election, I’d have probably moved the assets I invested in those companies to some more secure—probably overseas—venues. And if this administration raises taxes, I can afford to just shut down the businesses for a while and start them up again when the situation improves. How many others will be able to do that?

That does make one think about what other small business owners and investors are going to do, doesn’t it? And if those businesses fail, those investors hold onto or move their money offshore, where is all that new, shiny tax revenue going to come from?

————————————-

And a great article from the Wall Street Journal by Dr. Laffer on the MESS we’re in and WHY OVomit is going to make it worse.

http://www.youtube.com/watch?v=u6JmEdG9oL0

Maybe Obama should have saved the infomerical money & paid the debt off of Hillary & DNC, oh but that would be doing the responsible thing.

I watched a good documentary on PBS about the Crash of 1929, link is in my name (videos)