Monday, February 16, 2009

Obama's Rhetoric Is the Real 'Catastrophe'

"President Barack Obama has turned fearmongering into an art form...This fearmongering may be good politics, but it is bad history and bad economics. It is bad history because our current economic woes don't come close to those of the 1930s. At worst, a comparison to the 1981-82 recession might be appropriate. Consider the job losses that Mr. Obama always cites. In the last year, the U.S. economy shed 3.4 million jobs. That's a grim statistic for sure, but represents just 2.2% of the labor force. From November 1981 to October 1982, 2.4 million jobs were lost -- fewer in number than today, but the labor force was smaller. So 1981-82 job losses totaled 2.2% of the labor force, the same as now." [link]

I might also like to point out that Obama loves to compare himself with FDR, as far as being able to handle the recession that we are end and bring it to a close. In fact Obama is following almost the exact "strategy" that FDR did, that is to say massive government spending, creating jobs via infrastructure projects (WPA), and provide welfare benefits to the poor.

More opinions on what this "stimulus" will do for welfare reform can be found here.

You may also read an interesting paper on whether the New Deal helped or not here. Interestingly enough this article cites and gives a link to a paper by Christina Romer (heard of her, she is Obama's chairperson on the Council of Economic Adviser's), who in this paper give empirical evidence that government spending did not in any way help end the depression. However now that she has a top spot in the administration she is all for government spending.

Just read all the information contained here and enjoy.

As Data Collecting Grows, Privacy Erodes

"We are typically told that personal information is anonymously tracked for one reason — usually something abstract like making search results more accurate, recommending book titles or speeding traffic through the toll booths on the thruways. But it is then quickly converted into something traceable to an individual, and potentially life-changing." [link]

Just one more thing for us freedom lovers to be very careful about, check that, not just us, but anyone. Personal information being tracked is one reason that identity theft is on the rise. How sure can you be that a third party is going to be truly concerned and secure with your personal information?
“According to an August poll conducted by Zogby International for Associated Television News, the American public rejects the notion that new gun control laws are needed by a two-to-one margin,” Snyder continued.

But that doesn't really matter to the gun grabbers. Manner of you have by now heard of ammunition encoding. This is their new ploy read on...

"Gun owners are alarmed over what they're witnessing in Washington, DC and state legislatures across the country. Realizing they could not succeed in disarming American citizens, Liberal organizations and their political representatives have decided to allow armed citizens to possess all the guns they wish. The hitch is, according to political strategist Mike Baker, the so-called gun-grabbers have decided to track ammunition for those guns by encoding the cartridges and maintaining a database." [link]

Just keep a close eye out for this type of legislation. It has been killed in quite a few of the states it first started in, but it would be no surprise to see it start popping up again.

Quote for the Day

"We have the right, as individuals, to give away as much of our own money as we please in charity; but as members of Congress we have no right so to appropriate a dollar of the public money." -- Davy Crockett