Posted by
The New THOMA$ REPORT on Thursday, July 09, 2009 5:27:05 PM
Joe (Biden) has let the cat out of the bag. He says the economy was “much worse than we thought we had inherited,” completely ignoring it was CREATED by his Democrat friends in order to get Obama and lots of other democrats elected, so as to do a bloodless (I think) coup to take over the United states government. It might be true that it IS “worse than expected.” They may well have miscalculated just how bad to make it, thinking they could easily “solve” the problem. But their Keynesian approach has just made it worse, and they won’t admit it. They think they can do “more of the same” and make things better. Brace yourselves; it’s only going to get worse unless they start thinking and abandon their Keynesian approach, lower taxes (a proven method) and let the “private sector” do it (something they’ll never do). "Those who pushed through this year's $787 billion fiscal 'stimulus' [swindle -RT] seem to be counting on the American people's short memory. Wasn't it just last year that we were told, repeatedly and with stark emphasis, that this economy was the "worst" since the Great Depression? That was the pretense for not only the stimulus, but for the federal takeover of the U.S. auto industry and the quasi-takeover of the U.S. financial industry. It's also the underlying premise for both nationalized health care and massive new taxes to cut CO2 emissions. If the stimulus passed, the White House vowed, unemployment would peak at 8%. Today, it's 9.5% — and rising." (
IBD Editorials)