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.
- 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*
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
A quote regarding the Soviet economy that can be applied to the Obama Administration.
29/08/2010 08:07:11 PM
- 1195 Views
the Copernecian model bit was a tad exaggerated
29/08/2010 08:28:41 PM
- 709 Views
I wish I could believe the Democrats were only behaving "as" poorly.
29/08/2010 09:50:23 PM
- 732 Views
the sad thing is, I really don't think it has to be that way
29/08/2010 10:31:16 PM
- 781 Views
This is a classic mistake of the independent voter.
30/08/2010 12:35:33 AM
- 717 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
- 734 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
- 652 Views
God help us if we ever end up at the OECD average!
31/08/2010 10:30:34 PM
- 576 Views
Which have corporate tax rates equal to or lower than that 35%.
01/09/2010 01:04:34 AM
- 946 Views
Absolutely not.
01/09/2010 04:13:24 AM
- 625 Views
The pot shouldn't call the kettle black
01/09/2010 10:10:42 AM
- 798 Views
We definitely need to slash Social Security, Medicare and Medicaid.
01/09/2010 01:58:23 PM
- 595 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
- 884 Views
It is true, I know no republicans personally who espouse a Copernican Model of the Universe
29/08/2010 10:16:38 PM
- 714 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
I have a strong dislike for Hilary Clinton.
29/08/2010 11:38:10 PM
- 668 Views
I find myself regretting that she didn't beat Obama in the primaries.
30/08/2010 12:30:28 AM
- 608 Views
Interesting comparison
30/08/2010 04:19:40 AM
- 665 Views
That's why I'm a Libertarian
30/08/2010 09:22:18 AM
- 675 Views
Strict libertarians are disliked for some of their own insane ideas.
31/08/2010 06:21:12 PM
- 539 Views
I don't know MUCH about politics - however..
30/08/2010 01:49:03 PM
- 737 Views
If Republicans focus more on the economy, we have our best chances.
31/08/2010 06:18:49 PM
- 515 Views
Actually, General Motors has made quite a turnaround, the company is actually making profit now.
31/08/2010 10:44:15 AM
- 746 Views
The Economist is being uncharacteristically optimistic on this point.
31/08/2010 06:17:51 PM
- 545 Views