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Thanks to Mish for this:
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Steven Crowder illustrates the long term effects of Socialism.
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The world, and especially the USA, is lurching, sliding and falling into the social morass called socialism. This slide is pushed and lauded by The Left.
I immigrated to the USA over 20 years ago, with Ronald Reagan’s ideals drawing me here.  This is not what I expected would happen, that our freedoms, as promised in the Constitution, would be so rapidly chipped away by creeping and now leaping socialism — the tyranny this time, not of a British King, but of government itself!
For you and other freedom loving people, what does it mean?
- Fewer choices can be made by you: What doctor you see, what medicines you take, what football championship you watch. Â See House Bill Aims To Sack College Football BCS System. Â Government is operating as if they are kings, with no limit on their power, no constitution.
- Government will be a higher social class: Instead of government service being something where you trade security and protection from competition for lower wages, government now pays more! Â See Six-Figure Federal Salary Gravy Train. Â “The growth in six-figure salaries has pushed the average federal worker’s pay to $71,206, compared with $40,331 in the private sector.”
- You will have less money to do what you and your family want: As incomes drop, all prices associated with and affected by government go up. Â And taxes will and must go up to pay for reckless spending in Washington.
- Government will spend like drunks: See Business as Usual in Washington: Another Bloated, Pork-Filled Omnibus Spending Bill. Spending is up 8% (3rd year in a row), $561 billion more than baseline. Â The spending, according the The Heritage Foundation, is runaway. Â 2009 Earmarks now total 8,939, and will exceed 10,000 by the end of the year.
What did President Obama say about fiscal responsibility in his inauguration speech?
“And those of us who manage the public’s dollars will be held to account – to spend wisely, reform bad habits, and do our business in the light of day – because only then can we restore the vital trust between a people and their government.”
If he believed that, he would veto the Omnibus bill.
What did he say about earmarks? Â During his transition into office in January 2009, he promised a
“new higher standard of accountability, transparency and oversight. We are going to ban all earmarks, the process by which individual members insert projects without review.”
But in March 2009, he signed a bill with 8,500 earmarks. Â He said:
“this piece of legislation must mark an end to the old way of doing business and the beginning of a new era of responsibility and accountability that the American people have every right to expect and demand.”
And just days ago in December 2009, Obama himself put in a $700 mln earmark.
No, Obama is leader of the socialist revolution now going on in America.  He is following Alinsky’s Rules for Radicals, Rule 10: “If you push a negative hard enough, it will push through and become a positive”.  Say that reckless spending is Good, and it is true.  Say that the private sector is the problem, that government is the solution, and it is true.
This is just one year of the socialist revolution.  Fight it, as there is more to come unless people tell their elected officials: ENOUGH!
We need another Reagan!!
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Mike “Mish” Shedlock does a daily blog commentary on the global economic situation, which is quite balanced and strongly recommended.  He is a skeptic and digs for motivations and the truth.
Today’s post has an excellent analysis on how, with the loss of 11,000 jobs in November, total unemployment actually went (???$!#$!@) down?  How is that possible?
In regards to the economy, the jobs picture presented on Friday was a mirage. One even has to wonder if the BLS is purposely playing games knowing full well a massive revision in the January numbers (coming out in February), will subtract 80,000 jobs a month for a full year.
I doubt the unemployment rate is under 10% a year from now, or even two years from now, unless the BLS numbers show large declines in the labor force (as they did in the November Employment Report on Friday).
The actual figures …
Here is his analysis:
Unemployment dropped by .2% even though 11,000 jobs were lost and it should take at least 100,000 jobs just to keep up with demographics. Instead note the drop in the civilian labor force by 98,000.
Moreover, those “not in the labor force” rose by 291,000 constituting nearly all of the decline in unemployment.
That drop in the labor force is not normal to say the least. It should have risen by 100,000 minimum.
Naturally, our hot-air president used this numerical manipulation as a talking point for the success of his stimulus program.
More bloggers are beginning to question the accuracy and transparency of this manipulation. Â TPM headlines their post: “We Just Counted Less Unemployed People“, and offers an untampered statistic putting unemployment at 12%!!
Why should we trust the government figures when all aspects of data and communications are politicized? We shouldn’t. Dig deep and believe your gut. This is rot of the core!
In any case, the number of people out of work is so high that it will be impossible to stem foreclosures and have a strong recovery, if any recovery at all.  Of course, will Obama and the Democratic congress get out of the way, lower taxes and regulations, and let the economy recover … or will they …
Dig us deeper into debt with Government job creation efforts?  As I mention before, the eggheads in this administration think they alone can solve all the nation’s problems.  So the Washington Post reported yesterday.
“The president thinks we should and must do everything in our power to create an environment for job growth and job creation,” White House press secretary Robert Gibbs told reporters Friday morning. When asked whether Obama will back the use of bailout funds during a speech about the economy next Tuesday, Gibbs said, “It’s certainly being looked at. Yes.”
Plato said:
The price good men pay for indifference to public affairs is to be ruled by evil men.
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Pamela Geller’s site has a nice report and follow-up titled “FED BEGS FOR SECRECY ON FAILED BANK BAIL OUT”.
The argument the Fed is making is that if we knew what they were spending money on, without any oversight and approval from the people by the way, it would place undue stress on those banks.
Even those in Congress openly wonder how The Fed can spend billions without any approval, just by printing more dollars.
William Greider has an excellent article in The Nation where he explains the destructive and uncontrolled actions of this quasi-government body.  Since the Fed has been in place, almost 100 years now, we have seen booms and busts, and persistent protection of bankers who are “in the club”.  His prescriptions, in my view, do not go far enough, as he suggests we retain the money printing press … which will always be subject to political manipulation.
Read the article, Dismantling the Temple, and learn more.  A bit of a left of center view, but worth a look.
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News is now emerging that Bernanke is lobbying for his new term as head of the Fed, and will be re-nominated by Obama today.
As I noted previously, Bernanke has been wrong in his outlook and prescription for the economy since 2005. Â How sure can we be that his current prescriptions for the financial crisis will be the cure? Â The even bigger question is: how likely is it that government intervention at such a scale can possibly get it right?
I am afraid we can be sure that the Fed will continue to be the problem, and will continue to destroy wealth for everyday Americans, while supporting constituencies: its members and the government.  (Members benefited from the  Fed bailout — look at the NY Fed roster – GE, JPMorgan, etc.)
The Fed and its system is an enormous government intervention that we have had now since 1913. Since it was created, it shifted control of money and interest rates to the government. Â Since then, we are assured of wild booms and busts, and persistent inflation. Â The Fed cannot be neutral, as it is a government controlled body. Â So it bends policy to befit its members, and to support government spending.
The Fed members are a closed shop of financial and government appointees, even though the theory was that The Fed was supposed to be independent of government. With so much government control of banks, the banks, who elect members, are under the thumb of government to pack the Fed’s 12 regional boards.
So yesterday, we have  Denis Hughes, president of the NY AFL-CIO joining the New York Fed! AS THE CHAIR!  Welcome Labor to control of interest rates!  What ever happened to free market for money?  I guess we will not see that until we abolish the Fed, which is unlikely to happen.
The Fed is generally regarded as a positive and stabilizing force in the economy, but trust me, they are an insidious and destructive government intervention … and they almost always get that intervention wrong.
Fasten your seatbelts.
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This YouTube Video clearly shows that the Fed had NO IDEA that the actions they were going to take were going to tank the economy.
Listen carefully:
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Here is a humorous view of today’s news
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