Monday, January 12, 2009

Keynesian Recovery

A quote from George Bush in today's news:

"I inherited a recession, I'm ending on a recession. In the meantime, there were 52 months of uninterrupted job growth," he said.

"And I defended tax cuts when I campaigned, I helped implement tax cuts when I was president, and I will defend them after my presidency as the right course of action."


Over the last couple of days I have seen a plethora of articles about Keynes and how the plan to save the American Economy is a resurgance of Keynesian Economic Principals and Theories. I haven't read them too closely or at all in most cases but if memory serves Keynes believed that governments should deficit spend to get economies out of slowdowns.

I think Keynes is rolling over in his grave right now. Pundits who cite Keynes are looking at a very narrow picture and completely ignoring the incontrovertible facts that our government has been engaged in Keynesian spending for the past 8 years (and longer) to no long term avail. George Bush's comments assist in pointing out this fact and supporting thier failure.

The government has been deficit spending for years while driving down interest rates and implementing policies that promoted deficit spending amongst the consumers as well. This resulted in the largest financial bubble in history and the politician's solution? Blow harder into the bubble and keep it inflated, blame everyone else.

Keynes believed during Good Times the government should reduce it's spending and save for a rainy day and then increase spending during slowdowns to smooth out economic cycles. I can't remember the last time a government agency said, "Things are going good so lets save some money for when they aren't." All I have ever heard is, "Spend, Spend, Spend, we got more money? Spend IT!!!!".

The United States is actually in a Keynesian Bubble that is imploding. Failure to recognize this and accept (deal with) the consequences in order to allow our economic ship to right itself will simply lead to greater and more costly consequences down the road.

Barack Obama is not the Change we needed nor that we can Count On. He is simply perpetuating the error of Washington's ways and condemning himself to a level of historical respect equivalent to that deserved by George W. Bush.

Friday, January 02, 2009

Gaza Strip Bombing

When is the media going to wake up and stop pushing their left wing, soft is good agenda on the public. Listening to the media outlets be they ABC, CBS, NBC, CNN or FOX among others one is regularly being told that Innocent Civilians and Children are being killed - the world is calling upon Israel to stop it's bombing and show compassion.

What I rarely if ever hear and then in a watered down barely legible tone is that Israel civilians are being subject to missile attacks from Gaza repeatedly and have been prior to Israel's attack. These same missiles kill Innocent Civilians and Children, they just don't have as advanced guidance systems so frequently miss to the chagrin of Hamas and those launching them.

What the World needs to make clear is that terrorists of any kind by acting as they do are making themselves and EVERYONE around them subject to immediate attack and possible death. If the person living with you or next door is a terrorist then you should know that the person is a target and you are subject to death by association and proximity. If weapons are being stored next to your home/business then you should know that the site is a target and you are subject to death by association and proximity.

Terrorists can only survive if they have supporters and neighbors who fail to report on the activities going on are supporting the terrorists. Imagine if everyone knew their lives and the lives of their family were subject to imminent death based upon the actions of a neighbor. That neighbors actions would be curtailed in one form or another - either authorities would be called in when possible, neighbors would band together to drive out the problem or areas would be vacated making their uses obvious for targeting and removal.

The World is soft and terrorists know this. The government of Sudan knows that no one will interfere in Darfur so they sit in their luxury homes selling oil to willing foreign governments and companies who make a show of complaining about the slaughter going on in the countryside. If they knew that their lives and those of their families were subject to immediate termination things would change - things would have never gotten to the state they are in now.

You will never convince me that the missile strikes on Khaddafi's home in Libya several years ago didn't assist in changing his attitude towards the outside world. He suddenly understood that his actions could result in the immediate death of any and all of his family members, not to mention himself. Yet at the time of the strike all you heard in the media was how one of his young daughters died, although even that part of the story was questionable. The Terrorists sending out suicide bombers aren't doing the bombing themselves for a reason, they don't wish to die no matter what they tell the bombers.

Pirates in Somalia wouldn't be making headlines. The press runs stories how when a ship is taken hostage the local villages all open up their shops and have an economic boom. Imagine if those same villages knew the pirates were subject to immediate retaliation where ever they may be. Suddenly the pirate booty would not look so good when measured against their and their families immediate death and destruction by association.

The terrorists and criminals know that the World and authorities are soft having to appease the media and their liberal leanings. For this reason they base their activities in civilian areas just so when they get brought to justice they can scream about the death of women and children. It is time for the World to stand up and deal with terrorists appropriately and not be led to it's continued slow torture by the media. Let the news shows know that they should be reporting the NEWS and not trying to direct public opinion unless they appropriately label it an editorial in which case they can espouse anything they desire.