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Our Government-Created
Financial Crisis
Creators Syndicate, by Walter E. Williams
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Original Article
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Posted By:StormCnter, 12/12/2012 6:00:08 AM
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| Suppose you saw a building on fire. Would you seek counsel from the arsonist who set it ablaze for advice on how to put it out? You say, "Williams, you´d have to be a lunatic to do that!" But that´s precisely what we´ve done: turned to the people who created our fiscal crisis to fix it. I have never read a better account of our doing just that than in John A. Allison´s new book, "The Financial Crisis and the Free Market Cure." Allison is the former CEO of Branch Banking and Trust, the nation´s 10th largest bank.
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Reply 1 - Posted by:
Country Boy, 12/12/2012 6:53:07 AM (No. 9060961)
Economic collapse now. 2012. Just amazing.
We are living in an era of unprecedented technological advance. No major wars. Without a blooming fascist obama-government, GDP growth would be north of 6%, unending.
No, the Dems and RINOs just cannot leave their hands off the nation´s wealth. The fraudsters (called "Progressives") are so morally bankrupt they cannot live with gov a 20% GDP. Have to take it over the edge.
I do believe in Karma. See all you rotten libs in Hell.
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Reply 2 - Posted by:
pgvoisin, 12/12/2012 7:11:32 AM (No. 9060977)
Main Street abides by the Law.
Wall Street breaks the Law.
Washington ignores the Law.
When do we all play by the same rules?
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Reply 3 - Posted by:
WAN2, 12/12/2012 7:41:15 AM (No. 9061004)
The government can´t print gold. That has pickled politicians from Day 1.
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Reply 4 - Posted by:
RussVet, 12/12/2012 7:47:25 AM (No. 9061014)
Obozo couldn´t have play commie in 2008 but they should have given the stimulus money to the people in the form of tax cuts and put the fraud bankers in jail ... All this would have been behind us
Over the 2008 crash no banker has gone to jail yet (they got rich); the goberment wants more taxes and the Dems Community (Communist) Reform Act that broke the housing market still exists... Obozo has No Federal budget in 4 years, so raise taxes for WHAT. No proposed cuts to entitlements, unbelievable
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Reply 5 - Posted by:
Amicus Veritatis, 12/12/2012 9:23:06 AM (No. 9061190)
Williams nails it again. Most of the current crop of federal level politicians appear to be motivated only by their own personal self-interest, the perks, the perception of power, living off of us all and above the law. They are as much on the dole as any welfare cheats are. They are repulsive. Our system is broken and it´s time to cash in this clunker. We solved this problem once quite effectively back in the 18th century.
As for our economy? Just three simple, single syllable words, seemingly impossible and improbable words-"The Fair Tax."
By today´s standards they are as unlikely as the words-"The United States of America" were about 230 years ago but well worth the fight, IMHO.
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Reply 6 - Posted by:
nonsense, 12/12/2012 9:41:55 AM (No. 9061237)
I´d like to believe that we can last until the end of the decade, although that is only 7 years away. 4 more years of unrelenting misery, then 3 short years to halt the Fundamental Transformation/Destruction. Hoping for a miracle.
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Reply 7 - Posted by:
craige, 12/12/2012 9:46:19 AM (No. 9061244)
The way out of this is simple.
It is already being implemented, to a degree.
Dr. Williams even mentions it.
INFLATION. If the dollar is inflated down to 10 cents, then the debt is only 1.6 trillion.
Currently, the money supply is only being inflated by about 1 trillion a year, or 10%. This could be doubled or tripled, if our ´leaders´ desire it.
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Reply 8 - Posted by:
Salt5792, 12/12/2012 10:08:49 AM (No. 9061311)
GWB gave little or no support to the CRA.
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Reply 9 - Posted by:
jimmiet, 12/12/2012 10:35:11 AM (No. 9061371)
Government produces nothing. The risk taking entrepreneurs, farmers, manufacturers, etc have learned from the ivy league guys that´s it´s tougher to compete with them if they have a politician on their side to pass the laws to keep the next guy from entering the arena. Big business loves big government. Right? Mr Imelt.
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Posted By: StormCnter- 4/14/2013 8:39:12 AM
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WACO -- Clive Doyle is a pleasant-looking man of 72, with wavy graying hair. Australia lingers in his accent. He wore a leather jacket on the chilly recent afternoon when we spent more than an hour together at a picnic table in a Waco park. He was soft-spoken, articulate and seemingly very sane. Yet 20 years ago this Friday, this same man was one of only nine Branch Davidians to survive the internationally televised inferno on the Texas prairie. Killed that day near Waco were cult leader David Koresh and 73 followers,
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Posted By: StormCnter- 4/14/2013 7:21:05 AM
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Authorities on Saturday searched Seagoville storage units as they focused their investigation into the slayings of the Kaufman County district attorney, his wife and a top prosecutor on a former justice of the peace. Eric Lyle Williams is now the prime suspect in the murder of District Attorney Mike McLelland, his wife, Cynthia, and Assistant District Attorney Mark Hasse, law enforcement authorities say. (Snip) Whatever authorities saw inside the home allowed them to go to a judge and secure search warrants for Williams’ home. Dozens of investigators scoured the home beginning Friday afternoon.
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Posted By: StormCnter- 4/14/2013 6:18:58 AM
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The budget released this week by the White House is by far Obama’s most ambitious statement of his legislative priorities since 2009, when, as a newly elected President, he produced a plan brimming over with initiatives like Obamacare, education reform, new spending to aid the depressed economy, and a cap-and-trade régime to curb carbon pollution. Obama’s 2009 budget presaged two years in office that were so legislatively far-reaching that, in Washington policy circles, the document was sometimes called the Big Bang. This new budget approaches the ambitions of 2009—with one glaring omission.
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
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Posted By: StormCnter- 4/14/2013 5:48:32 AM
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Associated Press, by Staff
Original Article
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Posted By: StormCnter- 4/14/2013 5:41:40 AM
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Posted By: StormCnter- 4/14/2013 5:38:11 AM
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Posted By: StormCnter- 4/14/2013 5:19:52 AM
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Few Americans can not answer this question: who is the worst domestic mass murderer in United States’ history? Due to the United States media, most are aware that Timothy McVeigh slaughtered 168 people with a bomb in 1995. Most Americans also know the names of our three most monstrous serial killers: “The Green River Killer” Gary Ridgeway, Ted Bundy, John Wayne Gacy. The U.S. media is again responsible for the general awareness of these men; these stories deserved — and received — national attention due to our common interest in personal safety, the rule of law
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Original Article
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
Post Reply
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Here is something I don’t understand: liberals are often revealed as vile, vulgar hatemongers–not all of them, of course, but far too many–yet they never seem to pay a penalty at the polls. Why is that? Margaret Thatcher’s death has been the latest occasion for the Left to show its true stripes. All across the U.K., there have been demonstrations–vulgar at best, and violent at worst. In Bristol, lefties celebrating a Thatcher “death street party” started fires, destroyed property and battled police: This evening in Trafalgar Square, liberals have turned out for a long-planned celebration of Thatcher’s death:
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Tampa Tribune, by Bill Cotterell
Original Article
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Posted By: Hazymac- 4/13/2013 11:04:13 AM
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TALLAHASSEE - Picture this: You´re in the left lane of the interstate, driving a little below the speed limit, when some guy zips up behind you and swerves past you on the right. Then you notice the blue lights flashing. You´re savoring the satisfaction of seeing a trooper actually nab an aggressive driver — until you realize it´s you he´s pulling over. This could happen, if not very often, under a major transportation package expected to be taken up in the Senate Appropriations Committee next week. Introduced by Sen. Jeff Brandes, a St. Petersburg Republican, the bill is a 173-page
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Thatcher thought Britain
was worth fighting for
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Orange County Register (Ca), by Mark Steyn
Original Article
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Posted By: Desert Fox- 4/12/2013 5:58:55 PM
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A few hours after Margaret Thatcher´s death on Monday, the snarling deadbeats of the British underclass were gleefully rampaging through the streets of Brixton in South London, scaling the marquee of the local fleapit and hanging a banner announcing, "THE B@&$! IS DEAD." Amazingly, they managed to spell all four words correctly. By Friday, "Ding Dong! The Witch Is Dead," from "The Wizard of Oz," was the No. 1 download at Amazon UK. Mrs. Thatcher would have enjoyed all this. Her former speechwriter John O´Sullivan recalls how, some years after leaving office, she
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