Obama The End Of The Business Cycle

[MirageScience]

oh the cycle is over alright its boom boom boom boom boom then busttttttttttttttttttttttttttt­tttttttttttttttttttttttttttttt­tttttttttt

[Questfortruth86]

This man is a mental midget.

[lnd3005]

The central bankers are essentially price setters. It is their inability to set prices correctly (no central planner could ever do this correctly) that causes the boom bust cycles. The only way to end these cycles is to end the central bank. That is not going to happen, short of a Soviet style collapse.

[flatl1n3]

it's not boom and bust

it's sow and reap

END THE FED

[IcyNami]

Just remember that the new deal actually worked >.>

[lauradiannewellesley]

the new deal started in 1931, the great depression ended between '41-'44. seems like a lot of lag if it actually helped anything.

[JustAReminder]

Its sounds so sweet when he says it. just wait until it is implimented. We'll surely all be worse off because of it.

[antiwar100]

I can't wait for the 2.5 million new jobs that Obama will create in the economy. This flow of money from the private sector towards the government sector will be just we need in order to plant more trees in or cities, flowers in our parks, install better drinking fountains at football stadiums, and better looking stop signs, and stop lights. Oh the "New Deal" will be sweet for America.

[gdbruyck]

The bromides of the 1930s have come back into fashion. The markets have "failed," the government must step in, all our problems are due to the lack of regulations: Washington knows best, and will take things in hand.- cf. "The Resurrection of the Socialist Idea" by Justin Raimondo

[packrat76]

Exactly. He idolizes FDR and is studying up tirelessly on the policies he implemented during his reign in the depression era.

[drakulva]

Excellent. He will kamikaze the economy within his first term and the morons who voted for him will get exactly what they deserve.

[packrat76]

God, I love his clever use of glittering generality! What a textbook example! Lord help us all!

[JiveDadson]

"A bold opportunity agenda" is what got us into this mess. Remember the guys who gave you all that campaign money, Sen. Obama? The ones from Fannie Mae? Fannie Mae was a bold opportunity agenda. It was an opportunity for bankers to make mortgage loans to people who could not afford them, for house prices that were far too high, and then bundle up the loans and sell them to Fannie so those of us who saved our money could pay it off. Keep your bold agenda off of my savings! Inflation stinks.

[JiveDadson]

Translation: In order to eliminate the business cycle, we must institute more and more of what causes it, namely government interference with and manipulation of the money markets.

[healthhavencom]

Can someone please translate this clip into english?

[angusmcgherkinsquirt]

I want to make warm apple pie. I will do this with chocolate and moonbeams up your arse.

[fephisto]

*face-palm*

[CauseAndEffectPost]

It's so gratifying to see this oratory genius look like such a clueless and utterly hopeless ass when he talks about economics. The poor guy hasn't the foggiest idea about what the business cycle is or what are its causes. He's simply reading, in all his rhetorical glory, the helpless ramblings of his Keynesian advisors.

Go read Mises or Hayek you totalitarian twit!

[Simulacrum79]

21st century regulatory framework? Bold opportunity agenda? I don't know what that means, but it sounds really neat and official. Better yet, we should skip straight to the 37th century regulatory framework and the 100% guaranteed success for everyone agenda.

[malditonuke]

more ignorant crap to believe in

[2ndAsstJizzMopper]

oh, well if it's a "twenty-first century regulatory framework", THAT... i'm all for. but has to be a twenty-first century regulatory framework. i'll accept nothing less, and neither should you. i demand modern masters.

[JumpinJesuits]

wow...uh, way to take a bold stance there King Canute, standing athwart market forces yelling "STOP! ...THINK OF THE CHILDREN!"

Oh my...lol, we in the middle class are truly doomed.

[buddjas1]

Funny, the Federal Reserve was organized and empowered to "end the boom and bust cycles." Maybe we should think about undoing the damage of centralized planning before adding new ones.

We're so doomed.

[Nickelodeon2002]

What the hell is a "bold opportunity agenda"?!?!...more hope and change stuff I guess...

[akai1sora]

It's just great how "change" turns into doing even more of the same old thing. His slogan should have been "Change from recession to depression".

[bonkers45]

I had to watch this 3 times to see if he actually said this.

[AshtrayWisdom]

So, it has nothing to do with the trillions spent on war and the loss of manufacturing jobs?

I see now! The money has to be thrown down the toilet in a more efficient, 21st century manner!