My guy can beat your guy...

[tw]

Gerald Ford suffered from the same problem. Richard Nixon. Nixon intentionally created economic malaise in 1968 and 1970. Wasting human life and spending money we did not have because (as tapes between he and Kissinger demonstrate), Nixon did not want to lose a war on his watch.

Economic destruction causes massive unemployment that could only be solved by punishing all Americans with diminished standards of living. And by selling off major American assets. But Gerald Ford was not willing to drive interest rates up towards 20%. Carter (and Volker) did that. Therefore the economy and jobs finally returned in the mid- 1980s. That type of economic destruction takes that long to fix.

Those same economic lessons apply today. Obama must do what only Reagan was able to accomplish.

[infinite monkey]

Originally Posted by Lamplighter

IM, great User Title

Thanks! I can't take credit though, I read it on a CNN online comment.

[Lamplighter]

It's the thought that counts.

[BigV]

Originally Posted by classicman

huh? Who is gonna beat O?

[bbuilder]

Originally Posted by Lamplighter

I've always felt sorry for Carter... so many things were out of his control.
Iran hostages, Oil embargo, S&L crisis, gas prices doubled, 3-mile island.
And so... unemployment and interest rates went up.

Reagan had nothing except and movie-star smile and 2 lines:
"There you go again" and "Are you better off than you were 4 years ago"



.

That second quote is exactly what I was thinking just now. Brilliant.

[Urbane Guerrilla]

Originally Posted by tw

Congressmen promoted by Limbaugh, et al were told to make America fail so that Obama would fail. That has been the Congressional mandate especially this last two years.

This statement encapsulates why you are so abysmally incapable of politics, tw. You're wrapped up very tightly in wacko extremist theories, and your opinions aren't normal, neutral, nor natural. They are conspiracist, and Michael Schermer's work apparently has altogether escaped you.

When you reject and break and reverse ObamaThink, discouraging the Democrats and their like-thinkers on the Republican side of the aisle, you have saved the Republic. Otherwise, it's the making of the Socialist Oligarchy, and nobody of sense ever wanted that for a nanosecond. I come up to that excellent standard.

Nixon intentionally created economic malaise in 1968 and 1970. Wasting human life and spending money we did not have because (as tapes between he and Kissinger demonstrate), Nixon did not want to lose a war on his watch.

Hmm. I seem to recall balanced budgets on the Nixon watch too.

In Tw World, the Communists never come in for their share of the credit, particularly in the wasting human life end of things. Not once. He misses one hundred and twenty million untimely deaths -- tells you how abominable tw's socialist biases really are, how profoundly he longs for the halcyon days of Josef Stalin and a genocide for every other Five Year Plan. Needs his nose beaten flat with a rolled-up National Review. And an enema.

[Urbane Guerrilla]

"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. The person who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself."
John Stuart Mill
English economist & philosopher (1806 - 1873)

This regrettable point of view runs through all of tw's thinking, and he'd like me to adopt it. He'd feel better in his -- lapsed -- condition if I did. He consistently champions it, and opposes and criticizes those who are otherwise in the head and heart -- calls 'em cannon-fodder and puppets and so forth. Unfortunately for tw's ill-founded moral self-estimation, I have better ideas than that. His badness torments him -- and I help. He could perhaps have had something else, something better. But nooooope. Now that Radar's taken off, tw's is the #1 miswired psyche in the Cellar.

[TheMercenary]

FACT CHECK: Obama pushes plans that flopped before

WASHINGTON (AP) - It was a wish list, not a to-do list.
President Barack Obama laid out an array of plans in his State of the Union speech as if his hands weren't so tied by political realities. There can be little more than wishful thinking behind his call to end oil industry subsidies - something he could not get through a Democratic Congress, much less today's divided Congress, much less in this election year.
And there was more recycling, in an even more forbidding climate than when the ideas were new: He pushed for an immigration overhaul that he couldn't get past Democrats, permanent college tuition tax credits that he asked for a year ago, and familiar discouragements for companies that move overseas.
A look at Obama's rhetoric Tuesday night and how it fits with the facts and political circumstances:

http://apnews.myway.com/article/20120125/D9SFO48G0.html

[SamIam]

Merc, only you could blame the President for the (in)actions of the Republicans in Congress. You're stretching it there, pal.

[Lamplighter]

Obama said:

“It’s good to remember the fact that there were some folks who were willing to let this industry die.”

Bloomberg
Paula Dwyer
Jan 19, 2012
GM Back on Top Among the World's Automakers: The Ticker

Attention taxpayers: Pat yourself on the back.
General Motors Co., one-third of whose shares are owned by you,
sold 9,025,942 vehicles last year, up 7.6 percent from 2010.

No more excuses...

No more excuses

The accomplishment is probably enough to restore GM's place as the king of automakers.
And it's only been two years since you bailed the company out -- to the tune of $50 billion.

NY Times
By Jerry Hirsch
February 1, 2012, 5:53 a.m.

Chrysler earns first annual profit in more than a decade

Chrysler Group earned its first annual profit as an independent company since 1997,
a sign that the Detroit automaker is recovering from its bankruptcy
reorganization and the conflicting strategies of its recent owners.
<snip>
Since emerging from bankruptcy in 2009, Chrysler has spent about $4.5 billion
on its factories and facilities in the U.S. and Canada and added about 9,400 jobs
after a period of steep employment reductions.
It now employs more than 57,000 workers.
<snip>
The company also is building up its cash.
Chrysler had $9.6 billion at year-end, up from $7.3 billion from a year earlier.
In May, the reorganized Chrysler paid $9.2 billion to retire $6.7 billion in loans
and interest owed to the U.S. and Canadian governments.
The payments hurt the company's financial results.
Its net income was reduced by a $551-million loss on the extinguishing of the debt.

No more excuses...

[classicman]

[Lamplighter]

Here are a few responses to Obama's State of the Union
by CATO INSTITUTE spokesman, DJ Ikenson,
in the first couple of minutes of Classic's link above.

@0:49 - "...Ford, Honda, Toyota... the other U.S. companies could have reaped the benefits of GM's death"

@0:59 - "A million jobs were never at stake"

@1:38 - "First of all, manufacturing never left. There's no need to be manufacturing back"

@1.51 -" It not the responsibility of business to create jobs in the United States
The responsibility of business is to their shareholders"

I'm sure other viewers can find more examples of the CATO mind set.

[classicman]

But did you enjoy the listen?
I intentionally didn't comment & just posted the video.

[Lamplighter]

I stopped at the 2 minute mark - the CATO mind set is not new to me.

[classicman]

Damn, I thought you and your nice clean coffee cup would enjoy a little relaxing listen.