Active Users:1252 Time:23/11/2024 06:54:50 AM
A quote regarding the Soviet economy that can be applied to the Obama Administration. - Edit 1

Before modification by Tom at 29/08/2010 08:08:00 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.

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.

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