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Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts

Thursday, August 12, 2010

The Stimulus That Stimulates The Stimulus Before That One.

BOHICA!! I won’t go into a description of the nomenclature on that one just now. Suffice that it means you’ve been had again and again and again. With magnificent disregard for reality the evil empire has struck again and voted itself fifty billion dollars worth of non-existent money.

Obama signs a twenty six billion dollar spending bill, watched by teachers and government workers.

But wait… those presses have to work overtime to print all that money. Government printers with government unions. That’s Obama’s idea of jobs growth. Fifty billion dollars to prop up teachers’ unions and other public sector unions. Doubtless, much of this illicit largesse will work its way into DeMarxist war chests before long.

This is where I tell you that now it’s no longer yours and my money they’re stealing… uh-uh. Your kids‘. That’s whose money and prosperity they’re stealing now. If something isn’t done to stop them, they’ll be into the lives of our grandchildren. So this latest tour de force by the triumvirate of Obama, Pelosi and Reid has most Americans really boiling.



To most of us, this latest government payoff to the unions just points out the abject failure of Obama’s entire policy, starting with the 800+ billion dollar extravaganza that brought us Government Motors and “green jobs”, at the rate of 350,000 dollars cost to the taxpayer per job. What we can say unequivocally is that it has been, and is, a colossal failure.

We now have eighty two days until the election.
Tell us about what you’re doing to get yourself and your friends fired up and ready for the election… But then, most of us have been pretty disgusted for some time.

Semper Vigilans, Semper Fidelis

© Skip MacLure 2010

Friday, May 7, 2010

Who You Gonna Call?

The answer to that question is simple, the US of course. Some months ago I made a comment to Skip that the EU would be lucky to survive another ten years. It now looks like my estimate could have been generous. Greece is all but bankrupt, Portugal and Spain are teetering on the brink, Italy and Ireland are close behind. This week, Britain announced that it forecasts a budget deficit larger than that of Greece. All is not well in the New European Empire.

A Greek Police Officer Hit By A Molotov Cocktail.

In a one-size-fits-all economic arrangement there are bound to be casualties. The cap simply won’t, and can’t, fit some countries. Imagine the US joining an extended form of NAFTA, perhaps called AFTA, which includes all or most countries in Central and South America. To create a common currency with equal value in all member states would be disastrous, not to mention the fact that ‘free movement’ rules would have to be observed. So much for immigration controls!

These free movement rules are very much a one-way street. For example, compare the number of Polish and Latvian emigres in Britain with the number of Brits in former Eastern Bloc countries. During a recession it’s virtually impossible to provide jobs for the unemployed in your own country, without trying to cater for the requirements of ex-pats from another twenty six member states.

There is no doubt that the empire builders in Brussels have this vision of being the prime world superpower, economically at least. There are numerous reasons why this just won’t work. Many European nations are notoriously socialist in their outlook, indeed for some of them communism was the only system they knew until recent times. Socialism and free market principles together cannot work. That is why the current US administration can never work. Any system which is top-heavy with bureaucracy and regulation is doomed to failure. More time, money and resources are used in supervising the machine than in letting it do its stuff.



I hope that what is happening in Europe will be an example to Obama and Congress of how not to run an economy, although it will probably fall on deaf ears. It is a coincidence that Obama’s administration gave the International Monetary Fund another $100 billion recently, while this week it was announced that the IMF is to give $39 billion to Greece. So much for the European economic powerhouse, on top of the $106 billion they are giving from countries in the Euro-zone they have to run to the IMF for a top-up, some of it being American money.

A failed economic system can only shored up for so long, eventually the weight of flawed financial principles, bureaucracy and Euro-socialist ideals will bring the walls crashing down. Then, I wonder, who will they call?

(Editor Dee is in for Skip today)