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A quote regarding the Soviet economy that can be applied to the Obama Administration. Tom Send a noteboard - 29/08/2010 08:07:11 PM
Between 1950 and 1960, for instance, it [the Soviet Union] had sunk 9.4% of extra capital a year into the economy, to earn only 5.8% a year more in actual production. In effect, they were spraying Soviet industry with the money they had so painfully extracted from the populace, and wasting more than a third of it in the process.

- Red Plenty, by Francis Spufford

The only difference between what the Soviets were doing in the 1950s to artificially make it look like their economy was growing and what Obama is doing now is that Obama is "painfully extracting" money from the populace as well as borrowing large sums of money recklessly from China to "spray" American industry with money.

He then tours a GM factory where he has dictated that overpriced electric hybrids that cannot compete with better, less expensive products in the same category should be given priority (essentially creating a command economy at GM) and cheers on the workers, telling them that they have jobs because of him and that they are fueling a recovery that is supposedly taking place.

I just wish that, by voting Republican, I didn't end up having to vote against stem cell research, gay marriage, evolution, legalized marijuana and the Copernican model of the universe.
Political correctness is the pettiest form of casuistry.

ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius

Ummaka qinnassa nīk!

*MySmiley*
This message last edited by Tom on 29/08/2010 at 08:08:00 PM
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A quote regarding the Soviet economy that can be applied to the Obama Administration. - 29/08/2010 08:07:11 PM 1193 Views
the Copernecian model bit was a tad exaggerated - 29/08/2010 08:28:41 PM 708 Views
I wish I could believe the Democrats were only behaving "as" poorly. - 29/08/2010 09:50:23 PM 730 Views
the sad thing is, I really don't think it has to be that way - 29/08/2010 10:31:16 PM 780 Views
This is a classic mistake of the independent voter. - 30/08/2010 12:35:33 AM 717 Views
mmm fair enough - 30/08/2010 01:02:31 AM 748 Views
You cannot seriously agree with the Republicans about extending the Bush tax cuts. - 30/08/2010 09:07:59 AM 608 Views
I would target lowering the corporate rate and helping pass-through entities with cuts. - 30/08/2010 02:52:55 PM 669 Views
How many companies actually pay that corporate tax rate, though? - 30/08/2010 03:37:47 PM 792 Views
In reality, virtually no company in the US pays anywhere near the actual corporate tax rate. - 31/08/2010 11:12:05 AM 733 Views
Where are you getting your "information"? *NM* - 31/08/2010 04:24:47 PM 275 Views
Are you saying companies are actually paying 35% in corporate taxes? - 31/08/2010 10:11:28 PM 651 Views
God help us if we ever end up at the OECD average! - 31/08/2010 10:30:34 PM 574 Views
Which have corporate tax rates equal to or lower than that 35%. - 01/09/2010 01:04:34 AM 945 Views
Absolutely not. - 01/09/2010 04:13:24 AM 624 Views
The pot shouldn't call the kettle black - 01/09/2010 10:10:42 AM 796 Views
So you admit... - 01/09/2010 10:22:24 AM 758 Views
Tax cuts should relate to domestic hiring. - 31/08/2010 11:42:11 AM 749 Views
So what you are saying is that for someone like you, it is all about how dishonest you think they ar - 30/08/2010 03:17:27 PM 883 Views
Oh, I concede we're screwed over. - 31/08/2010 06:22:44 PM 612 Views
Soviet economy is an oxymoron - 29/08/2010 10:13:38 PM 797 Views
The only nation "without" an economy is likely North Korea. - 30/08/2010 12:41:19 AM 665 Views
It is true, I know no republicans personally who espouse a Copernican Model of the Universe - 29/08/2010 10:16:38 PM 713 Views
The sun is the center of our solar system. - 30/08/2010 12:42:34 AM 705 Views
More or less - 30/08/2010 01:55:00 AM 722 Views
I loved a quote I saw recently from a retired Navy veteran... - 29/08/2010 10:21:27 PM 795 Views
Excellent quote. *NM* - 30/08/2010 12:36:20 AM 248 Views
For all of the talk about republican social issues even with a majority they didn't do much about it - 29/08/2010 10:25:22 PM 838 Views
that's one reason why I'm O.K. voting republican - 29/08/2010 10:37:02 PM 759 Views
But it often costs them the center in elections, too. - 30/08/2010 12:28:43 AM 623 Views
ignoring the social conseratives would not work either - 30/08/2010 03:09:21 PM 713 Views
I have a strong dislike for Hilary Clinton. - 29/08/2010 11:38:10 PM 665 Views
I find myself regretting that she didn't beat Obama in the primaries. - 30/08/2010 12:30:28 AM 607 Views
I would have voted for her in the general. *NM* - 30/08/2010 03:29:01 AM 268 Views
Interesting comparison - 30/08/2010 04:19:40 AM 664 Views
possibly because.... - 30/08/2010 04:24:23 AM 701 Views
I'm curious... - 31/08/2010 12:08:44 PM 819 Views
Lower taxes and cut costs, and cutting regulation. - 30/08/2010 02:55:19 PM 772 Views
That's why I'm a Libertarian - 30/08/2010 09:22:18 AM 673 Views
Strict libertarians are disliked for some of their own insane ideas. - 31/08/2010 06:21:12 PM 537 Views
Oh, but that just sounds like insanity - 01/09/2010 07:54:09 AM 875 Views
I don't know MUCH about politics - however.. - 30/08/2010 01:49:03 PM 736 Views
If Republicans focus more on the economy, we have our best chances. - 31/08/2010 06:18:49 PM 514 Views
ME TOO - 02/09/2010 06:53:43 PM 594 Views
Actually, General Motors has made quite a turnaround, the company is actually making profit now. - 31/08/2010 10:44:15 AM 745 Views
The Economist is being uncharacteristically optimistic on this point. - 31/08/2010 06:17:51 PM 544 Views
You an deveryone else seriously misunderstands the Volt. - 01/09/2010 12:52:23 AM 770 Views
They have reasons in being uncharacteristically optimistic. - 01/09/2010 09:57:10 AM 854 Views
why do you think Ford is doing so well? - 01/09/2010 01:54:11 PM 706 Views
Your undersanding of electric cars at GM is incorrect. - 01/09/2010 12:44:36 AM 745 Views

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