Uncle Ben in this week's Time
Beanie
Uncle Ben should go into comedy or fiction writing - anything but controlling
the nation's money supply.
When questioned about the #1 economic problem facing the gubmint - Uncle Ben
blithely replied "jobs!"
Not the crushing debt load, not the huge trade imbalance, not our dependence on
foreign oil, not our wildly inflated fiat currency but JOBS!
Since when did the gubmint ever creat one single job in the private sector?
He then repeated his outright lie that the Fed is not printing the $$$ it is
going to use to buy T-Bonds.
The country is going to hell in a handbasket with Obammy and Uncle Ben leading
the parade...
Jerry Dennis
Shame on you, ignoring Queen Nancy and Prince Harry like that.
SHAME!!!
Jerry
OT rant. Breathe deep (the gathering gloom...)
oly
I preferred it back when Uncle Ben was a rice salesman.
oly
j-rod
From my personal experience the government has created thousands of jobs
by funding scientific research.
How about the defense industry? Quite a few jobs there.
And, what about all the contractors we have working rather than
government employees and solders?
And your silly comment about our gutless president applies to the so
called conservatives too.
JAM
oly
I've spent my entire adult "working" life in the government (29+
years) and IMHO 99% of government jobs are frauds or sadd and costly
efforts to prop up "the system".
The large majority of advances in every field under the sun come from
private enterprise, often by private folks operating on a shoestring.
On those rare occasions when government performs a valuable service,
the cost is almost always 20 times to 10,000 times what the same thing
would have cost in private enterprise.
Government goes on because constant reference and referral to the
"success" of fighting the Great Depression and the "success" of World
War II. As these events fade into history, it is difficult to find
shit that "our" government did passably well that "the people" can be
reminded of.
Then, it simply becomes a matter of keeping people docile through
"handouts" and this is the problem that is causing the depreciation of
the purchasing power of our currency.
oly
Richard L. Hall
"Beanie" <b...@ea.ne> wrote in message news:iegjku$fpr$1...@speranza.aioe.org...
> Ben Bernanke was featured in the Q&A section of this week's Time magazine.
> Uncle Ben should go into comedy or fiction writing - anything but
> controlling the nation's money supply.
> When questioned about the #1 economic problem facing the gubmint - Uncle
> Ben blithely replied "jobs!"
> Not the crushing debt load, not the huge trade imbalance, not our
> dependence on foreign oil, not our wildly inflated fiat currency but JOBS!
Every JOB created also creates a taxpayer AND a consumer. The consumer goes
out and buys houses and cars and appliances. goes out to dinner and the
movies, etc. and that stimulates the private economy dramatically.
It was no accident that during the later years of the Clinton
adminsitration, there were balanced budgets. We were at full employment.
Everyone who wanted a job had a job. And everyone in the labor force was
paying taxes. Employers were so pressed for employees that they went to the
welfare rolls and hired and trained the people on welfare.
Amazing things happen when people have JOBS.
> Since when did the gubmint ever creat one single job in the private
> sector?
I worked in the private sector for the last 35 years and every dime I made
was paid for by the Federal Government. And there are millions of others
just like me.
Every car, every tank, every plane, every computer, every printer, every
desk, every sheet of paper, etc. used by the government are made in the
private sector and paid for with government funds. Millions of people are
employed making these products. Those people, in turn, spend the money they
make and further stimulate the economy.
Go to any area with a military base or a state college and you will find
economies that are sometimes totally dependent on government spending.
Government employees are also taxpayers and consumers. So are government
contractors. And the money they spend stimulates the local economies.
This is the true trickle down effect. Create a few jobs and they will, in
turn, create other jobs.
The government should be concentrating on creating jobs not on giving tax
cuts to billionaires.
> He then repeated his outright lie that the Fed is not printing the $$$ it
> is going to use to buy T-Bonds.
> The country is going to hell in a handbasket with Obammy and Uncle Ben
> leading the parade...
The country went to hell in a handbasket when George Bush was president. In
fact, you can almost say the same about any of the Republican presidents,
e.g., Herbert Hoover (24.8% unemployment), Eisenhower (7.1%), Nixon/Ford (
9.0%), Reagan (10.8%), George H. W. Bush (7.9%), George W. Bush (10.1%). In
fact, if you take any of the Republican Presidents in the last 100 years and
put "Depression" after their name, you'd probably be right.
--
Richard
My coin Links:
http://coins.richlh.com/MyCoinLinks.htm
oly
> "Beanie" <b...@ea.ne> wrote in messagenews:iegjku$fpr$1...@speranza.aioe.org...
The money you were paid over the years was simply more debt added to
the debt column.
Those debts have never been repaid, never will be.
Yes, you got a valuable consideration for your time. Got a nice
return.
Did the taxpayers?
oly
oly
>
> - Show quoted text -
Clinton saw the same thing that Reagan saw. They both saw that
interest rates were falling during their watch, and that the interest
paid on the federal debts would fall. They knew that they could spend
the difference between what was being paid and the new lower amount.
They could easily spend that diffrence and skate during their terms.
Reagan was so aged that he knew that he could skate through his
lifetime into eternity. Clinton may or may not have that luxury.
Daddy Bush and Shrub were on the watch when interest rates were
relatively steady. Thus, they didn't have that extra difference to
spend.
The present gentleman in the White House is going to be the first
president since Carter sitting in that Oval Office chair while
interest rates are going UP.
This will not be a happy time.
It's all about the ability to borrow more money folks... and all about
the vigorish... and all about your exact place on the sow's teat...
oly
Beanie
"j-rod" <j-...@nospam.net> wrote in message news:4D0C1B2B...@nospam.net...
Every example you cite is merely tax payer funded government work, not actual
job creation in the private sector.
oly
> "j-rod" <j-...@nospam.net> wrote in messagenews:4D0C1B2B...@nospam.net...
>
> - Show quoted text -
Mr. Hall seems to be (and many others are) enamored of the idea of
"incomes" without considering whether or not the work has any positive
value to society, let alone the possibility that the government work
or government-created work is actually counter-productive. Government
jobs should be a subtraction from GDP numbers, not an addition!!!
Hell, I could advocate the government giving middle class people a
fairly generous "guaranteed lifetime income" for accepting permanent
non-work status, as long as they promise not to muck-up the goods-
producing system with all their free time.
IMHO, 80% of the people who are being paid by the government or via a
government spending program are "labor-fakers", but those folks are
not the problem. The problems are the government employees who try to
"regulate" the private system. They never ever seem to know what
they're talking about.
oly
Bremick
"Beanie" <b...@ea.ne> wrote in message news:ieiejr$kcq$1...@speranza.aioe.org...
For every worker employed by a private company that builds things or
provides services to the government, there is a person with a job who spends
money to keep the economy going. Private sector companies build the
planes, ships, and vehicles for the military and they employ thousands from
secretaries to engineers.
Once you pay your taxes it's not your money anymore. It's the government's
and it decides what to do with it, often to the dismay of those of us who
once earned it.
Jud
Breathe deep (the gathering gloom...)
"Watch lights fade from every room...another useless energy's
spent...there you go man! Keep as cool as you can....It riles them to
believe that you perceive the web they weave. So keep on thinking
free"
Jud - Moody Blues fan-
j-rod
That a lot of opinion there, ya got any facts to back them up?
Let's list some government programs that work.
Social Security
Medicare
Banking Regulation, until it was gutted by the Banking Modernization
Bill.
http://banking.senate.gov/conf/
Workers Compensation
Unemployment Compensation
The VA
The EPA
The National Park Service
National Parks
National Defense
Grants and Loans for Higher Education
The Pennsylvania Game Commission
I could go on...
JAM
oly
> Workers Compensation
> Unemployment Compensation
> The VA
> The EPA
> The National Park Service
> National Parks
> National Defense
> Grants and Loans for Higher Education
> The Pennsylvania Game Commission
> I could go on...
>
>
> - Show quoted text -
Redistribution from the productive to the non-productive. Great if
you're a tax-eater/ on the mooching end of the swindle.
Don't forget the food stamps homie, and please don't even attempt to
tell me about bank regulation.
oly
Jerry Dennis
Yes, Jud, I knew you'd recognize that tag line.
Jerry
Also a Moody Blues fan.
j-rod
Concentration of the nation's wealth into the hands of fewer and fewer
people will lead us to a plutocracy. We may already be there. I prefer
the term recycle the wealth. The Bush tax cuts did no lead to economic
or job growth. The roaring 20's led us into the great depression.
You will not be one of the plutocrats.
JAM
oly
Well thank you for your paternal blessing there, Mr. J.A.M.
Rockefeller!!!
oly
Jud
>
> Concentration of the nation's wealth into the hands of fewer and fewer
> people will lead us to a plutocracy. We may already be there.
Redistribution of wealth will lead us into Socialism. Or are we
already there?
Jud -Showing the other side of the coin-
j-rod
Both extremes are reprehensible.
Actually, I believe the proper place is in the middle somewhere.
JAM
Richard L. Hall
"Jud" <numis...@aol.com> wrote in message
news:eb988705-5a42-4018...@i17g2000vbq.googlegroups.com...
On Dec 18, 10:47 pm, j-rod <j-...@nospam.net> wrote:
>
> Concentration of the nation's wealth into the hands of fewer and fewer
> people will lead us to a plutocracy. We may already be there.
Redistribution of wealth will lead us into Socialism. Or are we
already there?
*********************
It is actually a more equal distribution of the wealth created by the fruits
of one's labors. And it combined the best aspects of capitalism with the
best aspects of socialism.
History should tell you that it is a system that works.
In the 27 years from 1946 until 1972, with the top marginal tax rates
ranging from 91% to 70%, the economy boomed. There were two short and mild
recessions that lasted for about 6 years total but for the remaining 21
years we were at virtually full employment. The national debt stood at $430
billion.
In the 30 years of Reaganomics from 1981 to the present, we have had 4
recessions (two. including the current one, with depression level
unemployment). and racked up about $12.5 trillion in debt. We had about 3
years of full employment at the end of the Clinton Administration.
I doubt that any sane person would believe that this greedy form of
capitalism has been a success.
Have you ever read the U. S. Constitution? It is a very interesting
document. And it tells us what we should be doing.
I particularly like these two passages (the caps are mine for emphasis):
The Preamble:
WE THE PEOPLE OF THE UNITED STATES, IN ORDER TO form a more perfect union,
establish justice, insure domestic tranquility, provide for the common
defense, PROMOTE THE GENERAL WELFARE, and secure the blessings of liberty to
ourselves and our posterity, do ordain and establish this Constitution for
the United States of America.
and Article I Section 8 which begins:
THE CONGRESS SHALL HAVE POWER TO LAY AND COLLECT TAXES, DUTIES, IMPOSTS AND
EXCISES, TO pay the debts and PROVIDE FOR THE common defense and GENERAL
WELFARE OF THE UNITED STATES;
I don't think that this greedy form of capitalism has either promoted or
provided for the general welfare or secured the blessings of liberty to our
posterity.
'Nuf said.
--
Richard
Blessed is the man who expects nothing, for he shall never be
disappointed" -- the ninth beatitude.
Alexander Pope (1688-1744) English poet
Bob-tx
"Richard L. Hall" <richl...@comcast.net> wrote in message
news:iev0jq$ikg$1...@news.eternal-september.org...
Another Obama socialist heard from.
Bob-tx
Richard L Hall
"Bob-tx" <No Spam no contact> wrote in message
news:4d132cfa$0$5599$bbae...@news.suddenlink.net...
mazorj
"Bob-tx" <No Spam no contact> wrote in message
news:4d132cfa$0$5599$bbae...@news.suddenlink.net...
>
>
Instead of slinging Fox/talk radio epithets, why don't you try responding to
the poster's facts with facts that might refute his facts?
That is, if you're capable of mustering the intellectual horsepower to rise
above bumper-sticker insults.