so government spending and growing bueracracy in WWII good government spending and growing bueracracy during new deal bad. Actually the majority of historians and economists think your austrian economics theory is nonesense
So today, March 20th, 2009, the Congressional Budget Office REVISED its estimate of the deficit for the ObamaNation spending UPWARDS by another 2 TRILLION DOLLARS to 9 TRILLION, right after the FED decided to print a TRILLION dollars to buy its own debt. This can cause hyper-inflation during a depression if not PERFECTLY timed. Can you visualize America looking like Zimbabwe, or China in WWII or Germany with wheelbarrels of money to buy bread?
Look at the performance indicators during the new deal; the rate of economic growth correlated perfectly with growth rate of the federal deficit.
When you're in a liquidity trap, government spending is great way to get out of it. WWII merely provided the political will necessary for massive deficit spending. Of course, full employment with price controls didn't hurt things either. You can thank Galbraith for the lack of inflation during WWII, by the way.
WOW! I wish there were more brains out there like you! You should have gotten into the mess of the Democratic party that caused the Freddie/Fannie mess! OBAMA SHOULD GIVE BACK OUR TAX MONEY THAT HE RECIEVED FROM FREDDIE/FANNIE!
I find it amazing, as I watch the debates tonight, at how Obama continually smiles and laughs when the subject comes up about "spreading the wealth." I am glad he thinks it is funny about his plan to take money from those who make it and give it to those who cannot.
LOL, I am not sure if its a trained move or just instinct. It is like a serial killer getting kicks out of watching his victim suffer before the end.
I do not understand how Obama gets away with claiming that 98% of small business earnes less than $250,000 a year and will not be affected by his tax increases. From my experience, the average small business earns around $380,000 a year which fall under these new high taxes.
Thx Stockguy, spot on! The left has no clue! And look at how NObama & the MSM attacked "Joe the Plumber" when he just asked a simple question. With NObama & Co, it's clear that any question is dangerous and any challenge of him or his mindless supporters is VERY DANGEROUS from their perspective! Semper Fi! :?
Thanks MarineLlanoTX!! You are right, the left doesnt have a clue. The leftist leaders do, but the followers do not. They are blindly following their leaders and falling for the hype. It is sickening how they attack "Joe the Plumber". He is exactly what the average American is all about. Obama is borderline socialist/communist and if elected, we will see up front what he really is.
What really scares me are the plans Obama has that he is NOT talking about.
Stockguy97, I have the same concerns! And your last sentence says it all because it's my sense that his REAL PLANS are not even close to the way he portrays himself as a "moderate". The guy has been a radical liberal his whole life! We know that, thanks to the fine work of Arkady & others. This NObama character hasn't CHANGED, he's just riding his FOOL SUPPORTERS to gain POWER! IF he gets it, then the REAL Barack HUSSEIN Obama will "come out of the closet"! And we'll be the victims! Semper Fi!
MarineLlanoTX and Stockguy97, it is awesome to read your comments!! These are some scary times coming up. Lately it seems that so many are falling for the OBAMA show-manship. I am not sure what will happen but I am sure to vote McCain.
What I find absolutely frightening is how close this race has become. How could a socialist/communist like Obama even get this much support? What are Americans thinking????
Thx UpsGuy03! Yessir, VERY SCARY if this guy gets elected. As far as your last two questions:
1. As Arkady has so brilliantly outlined in his vids, NObama learned from some very radical but smart people, like Alinsky & Ayers.
2. The people who support & will vote for NObama are NOT THINKING! They're much like the German people were in the 1930's as Hitler rose to power. THOUGHT is not part of the process, it's all about EMOTION and this lowlife's "Rockstar" imagery! Very sad times IF he wins!
We're all looking at the 95% tax thing wrong. It's not about the poor,its about creating monopolies for the super rich. Think about it. There's a reason Bill Gates&Warren Buffet love Obama. He will crush their competition with taxes! Add onto that his mandated health care which will fine businesses that don't supply it and it becomes clear. Obama And Buffet have sold america to walmart with a 95% shell game.
Has anyone done the math? What is the costs of servicing a $10 trillion debt? Can we really afford hundreds-of-billions of dollars leaving this country? How will we ever pay that back?
GREAT INFO! And more reasons why we r F-ed WHEN Obama wins.
If he does win, I dont think he'll be even a decent prez. And if he is terrible, I never thought I'd see so many people vote so stupidly. The sad thing is many arent stupid people: they r just EXTREMELY IGNORANT of so many facts about Obama, economic principles, how govt should & should not be used to serve the people, etc.
OR, they are so disgusted that they r letting their emotions override their good sense.
I am convinced that half of the democrats and all the former "republicans" are voting anti-bush. that's it. nothing more.
they think it does not matter who gets elected anyway, so why not send a message. this time they could be very wrong though. you are right a lot of it is due to ignorance.
I think there should be a test given to all voters (IN ENGLISH) electronically that tests basic stuff. No pass, no vote.
This will remove ACORN's voting drives and a ton of stupidity.
McCain does not want to cut spending. He will spend trillions more in the war in Iraq in fact he will probably expand it into Iran, North Korea Venezuela etc. McCain signed into law McCain-Feingold which makes it a law that I and every other tax payer out there has to pay for his campaign and any other struggling major party campaign. Now me being a Libertarian doesn't even get to benefit from my own tax $'s because my party doesn't qualify.
I agree with you... the campaign financing laws support the two-party system's hegemony. As Werva... said, Both parties play good cop/bad cop. When there is little difference between them. Except the liberals are worse, brainwashed into thinking we need the government to run our lives. Their perception of the world is based on a distorted reality. Levies, welfare, FEMA and bailout packages are not constitutional rights. They are examples of gov. overstrpping their mandate.
Guys, if republicans were actually doing what they were supposed to - we libertarians would be more or less content. How many of the republicans are actually Liberals in sheep's clothing though, probably half.
Bush is the biggest liar there is and because of him the country is going to elect a Marxist!! If Bush was a true fiscal conservative he woud not have expanded gov't more than freakin' Bill Clinton.
That is the reason I stepped away from the Rebublican party. I don't agree with misguided liberal values. How can I support a party that does? Another example of appeasement not working.
Because of the Republican party we are $10 trillion in debt. How much of our federal budget is going to pay interest? No one is more angry with Bush then true conservatives. The liberal-democrat economic policy is not the answer. It is liberal thinking got us into this mess.
Let me re-word that last statement. It was Bush appeasing (trying to appeal to) the liberals that got us into this mess.
Independent voters would support a fiscally responsible Republican. But Bush has alienated middle-America too much and he has given the Republican party (a well-deserved) bad reputation. By trying to appeal to eveyone, he has repelled everyone.
That is right, the housing crisis in large part is due to liberalism.
The IDIOTIC stimulus packages is a liberal agenda.
The whole war thing is complicated, certainly a large part of the deficit - but 9/11 just thew us for a loop. We should not have been so reckless under Clinton and I hold him responsible for that.
fivestarmichael, I agree with what you say. I voted for Bush both times and still am glad he won over the other choices. However at the same time I cannot say I will be sad to see a new face in the White House, I just hope it isnt Obama. I used to have the opinion it didnt matter who got in as most Presidents wouldnt be able to pass half of what they want. However, if Obama wins and can even pass 1/4 of what he wants it will devastate our country.
Right now we are $10 tril in debt. We absolutely have to reduce the size of our gov. and there is no way a Democratic president will do that.
McCain really does want to reverse years of damage done by neo con-artist Bush. We need more congressmen like Republican Ron Paul.
Our country needs to become a lot more fiscally conservative... instead we are moving in the opposite direction. It doesn't help that Bush has made a mockery of conservatism and made the rep. party a joke.
arkadyka, You stated earlier that, like McCain,you're no expert on the economy. On that point I'll wholeheartedly agree. You taking the Lions, displays a lack of judgement and a nonchalant attitude with your cybermoney.
In the same way, many people stick with the GOP out of some sense of loyalty. However, politics isn't a game.This nation needs to move beyond the left/right paradigm and come up with some pragmatic solutions or we're all doomed. The top 1% excluded. LOL
My allegiance to the Republicans is superficial and only hinges on a few policies that we apparently share together. Find me a fiscally conservative democrat and I will vote for him in a hearbeat. Better yet, create a real 3rd party and I will be happy as a clam.
Even Lou Dobbs has a series about the Fed on his website. If one just relies on conservative sites you only get half the story. I checked sites like the Heritage Foundation's ,AEI and others,they all have their biases and agendas.
RealClearPolitics offers a wide range of information that includes all viewpoints.
Their site is my starting point for most info including Financial and Sports.
the depression was caused intentionally by private sector bankers as a way to consolidate their power around the federal reserve.
WW2 only gave the illusion of fixing the depression because of the slave system the bankers set up to control our monetary system.
what WW2 did was force governments to borrow this fake money from the banks. when banks lend money it gives the illusion of a robust economy because it allows more of these notes to float into the economy. it is all debt though.
private bankers took control of our system of money. they called it the federal reserve to make people think it was a government organization. they arranged the 10/1 fractional reserve system to keep us perpetually in debt. money is no longer backed by gold and it is no longer a note of credit, it is a note of debt.
all of those things are facts. now we can debate if being perpetually in debt is the best way to run an economy. i call it usury.
Iraq WAR ...revisited. Stupid republicans ...just trying to cover their butts, but you've screwed up so badly, we are going to vote the you out of office.
You can't even point to achievement in the last 8 years. Just try to blame the party that wasn't in power. Pathetic.
First, I didn't vote for Bush and I am a Libertarian. I haven't lied to you about anything, but you keep lying. Why are you using lies? I google every fact or name u give, so why lie? Bush is a failure and a loser, but that doesn't make Obama a viable candidate.
You are just an ignorant troll wasting my time. Why would I try to find an exit strategy? You are losing this debate on every level. I don't back Bush at all and I don't back the Republican party. I am a constitutionalist. I am a strong conservative, not a Republican. I am far more conservative then the Republican party. I could say you are a communist because many of the principles you defend align with Marxist theory.
Still trying to find where the levies are the mayors responsibility. Where did you come up with that GEM? Does he have his own staff of engineers? rolling eyes.
I don't give two cents how you define yourself. Conservativism is a failed ideology to me. Bunch of people bragging about being conservative...what have the accomplished except debt and war.
Actually, the Mayor does have a staff of engineers... anymore brilliant comebacks? Ever heard of city-engineer?
Hmmm, debt and war? Let's see Roosevelt got us into WWII, he was a Democrat. Kennedy got us into Vietnam, he was a Democrat. The new deal put the U.S. into debt... wasn't the Roosevelt's idea? Was he a Democrat? Johnson thought up, "The war on poverty" which has costs trillions of dollars, and it has done nothing to stop poverty. Was Johnson a Democrat?
God your stupid. The army of engineers is directly responsible for the defect in the levies. If you choose to ignore the article...I guess ignorance is bliss in your case.
WW II FDR (War was warranted...Holocaust
Kennedy/Johnson vietnam (War was not warranted)
Iraq war (Greatest blunder in US history
War on poverty????????
War on drugs????
War on intelligence...that you are waging against yourself and winning.
You really don't know history. We didn't enter WWII to stop the holocaust. (google) Hitler didn't start exterminating Jews until after we entered the war. We entered the war because Roosevelt wanted to get us out the depression.
No... you said, "the mayor doesn't have any engineers." The Army Corps is responsible for the levies. There is plenty of evidence proving Nagin knew they were insufficient. He did nothing to shore up the levies.
You stated Mayor Nagin was responsible for the levies. If there is a structural defect in the levies ...the responsiblity lies with the people who created it. The Army of engineers should have made corrections to the levies LONG before Katrina.
As an arkadya disciple if you wish to assume we went to the war because of the depression that is your right. Its an opinion not a fact. We stopped the spread of facism in WWII and the Holocaust...the war was warranted.
We stopped fasism, but you stated that we went to war to stop the holocaust. Wasn't Saddam Hussien a fascist murding hundreds of thousands of his own poeple? But we shouldn't go to war to save brown people from genocide.
Roosevelt believed the Germans had, "Weapons of Mass destruction." was that enough reason to go to war?
Is the material in the video too hard to understand?
Are you really that mentally challenged that all you can sputter to me is bush and republicans? If you are here, you must at least somewhat care about this election. If you care, why don't you bother to listen and learn just a bit. Don't you care about yourself? sad..
Bms... how did Republicans create this problem? You have the facts right? You can give me evidence to show how the Republicans caused this, right? Do you know how this problem came about or are you just talking out of your ass? Stop being brainwashed.
Which problem? The deregulation of the banking industry? Architect: Gramm Mccain's ex-economic advisor. Gramm Bilely act. Given steroids by the GOP CONGress and GOP president 2000-2006, which created a housing bubble and the subprime mortgage fiasco. or the The speculation in Oil's commodities market? Due to the REPUBLICAN engineered Enron loophole. or IRaq War? Misinformation from the Executive branch, pushed by the rubber stamping GOP. Or the debacle in Katrina 9 billion lost Modernaziation
No the republicans are innocent. Its the governments fault it ran itself into the ground under GOP leadership. Gimme a freaking break.
How much corruption (Ney, Cunningham Stevens, Delay) 700 bill wasted in Iraq,10 bill per month, Halliburton stock increases by 400% (warprofiteering), 9 bill just lost during Katrina, the massive corruption on wallstreet.....must it take before you stop being spoonfed garbage by dopes like Hannity and Rush...who want to make it about Ayers and Reverend Wright
I find it ironic that the only evidence you can muster about the housing bubble is the Gramm act. Not only does Bill Clinton STILL support that, but it is still unproven that it caused the housing crisis. Yet we are spoonfed by Rush and Hannity? Two people I never listen to. I am spoonfed? Yet you are just spitting the same garbage every Bush-hater spits out.
The banking industry was deregulating itself and the act just repealed a New Deal relic.
Paul Krugman, nobel prize winner in economics, agrees with me that the Modernization act contributed to the subprime mortgage fiasco. If you disagree with him...shrug.
I guess this vid is a pre-emptive attempt to distract the public from the failure of reagonomics. Its pretty embarrasing to have the government bail wall street out by stressing it need to be regulated.
Fema, 9 bill lost because of unqualified GOP hacks running it.
Didn't Krugman work for Enron? You really believe this video is a pre-emptive attempt? It is embarrassing to have the government bail out Wall Street! It was the Democrats who passed the bill. You should be ashamed of the Democrats for bailing out big-business. You blame everything on the Republicans but the Democrats decided to spend $850 Billion to help Wall Street. A majority of Republicans were against it. I don't see how either side could approve the bailout, yet the Democrats did.
Krugman was on an economic advisory board for Enron. He didn't cook the books if that's what you are implying. Bush's buddy, Ken Lay and other Enron execs did that.
Date of vid Oct 9, 2008. When AIG, Lehman brothers, were collapsing due to subprime mortgage mess.
If I could put republicans on an island ...I would but their screw ups effect the country. Could you imagine if we ALLOWED FREE MARKET to rear its ugly course? Can you say Republican GREAT Depression 2? I know you can.
I am not asking for Obama-bot rhetoric. I am asking for a valid argument. I don't know why you would use the Gramm/Bliley bill as an argument. Bill Clinton (D) signed that bill. He was recently quoted as saying, "If you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence."
Deregulation; allowing financial institutions to diversify has made the current crisis less severe. What was your point on this?
You are so ignorant... I am quoting Bill Clinton. BTW it is a $850 billion bailout bill... the Democrats added on $150 billion in sweetners... i.e. pork barrel projects. I have read the bailout bill. It makes me sick. No true conservative believes the gov. should bail out private enterprise. No true liberal should support this bill... however the Democrats supported it. "Banks to be Regulated" was written in by the Democrats, not the Republicans. Why would Dem. support this?
More lies... bms, do you have any facts? I can trace every pork barrell earmark to a Democratic constituency. Not one "Goody" benefits a Republican congressman.
Did you sleep through American Government class? Do you actually have an argument defending your position? I can't even fathom the logical contradiction in your statement. While you were sleeping Republicans are against regulation. De-regulating something is removing the laws which restrict free-enterprise. What grade are you in?
Exxon Valdez: Plaintiffs in the suit over the 1989 oil spill could spread their tax payments on punitive damages over three years, cutting their tax bill by $49 million. The measure was backed by Rep. Don Young, R-Alaska.
Am I talking to a severely mentally challenged individual?
THE subprime mortgage fiasco was do to a LACK OF REGULATION in the banking industry. Laws which DEREGULATED the banks, there were no rules YOU FOOL. GOd you're an idiot. That was the problem.
The Gramm-Bliley bill reversed a law that restricted financial institutions from buying each other out. It didn't make regulations more lax... it allowed financial institutions to diversify their assets. What grade are hou in?
You are questioning my intelligence? That is funny. If you are so smart, why do you keep using lies to back up your arguments? (google) the sub-prime mortgage crisis was caused by banks being forced to give loans to people who didn't qualify. Who passed legislation forcing banks to give these loans? Republicans? No. And what do you mean by, "Laws which DEREGULATED the banks, there were no rules YOU FOOL." There were rules. (google)The Dems. made sure low-income people could obtain mortgages.
THe CRA, community reinvestment act, only covered less than 20% of the subprime mortgage loans. Plus banks were not forced but rather encouraged to give out loans to lower and middle class people. This is a common conservative talking point. It doesn't address rampant greed in the banking culture, do to DEREGULATION. It just tries to use poor, brown people as the scapegoat. Way to pass the BUCK again CONSERVATIVE....
You must have missed arkadyka's video, "The CRA, community reinvestment act"
Can I get you two-acres and a mule? I was wondering when the racist card would come up. Do you know the Republican pary freed the slaves? I am sure you don't... you don't do research. You pull facts out of your ass.
You are such a racist! It wasn't just black people signing up for mortgages they couldn't afford. Plenty of white people did the same thing.
Sorry I don't belong to your cult. I get my information else where.
Sorry not an African American but thanks for offering.
Conservatives really think they are slick about who they use as scapegoats. 9 out of 10 times, it will never be the people who are launching the accusations. Ex. You will never see a banker/admit the greed on wallstreet caused this mess...rather it was the CRA program giving loans to the lower class. Divorce rate is 50 perce
nt...and its the fault of gays. That's why we need the gay marriage act. ...or the loss of jobs is a result of illegal immigration, not laws such as NAFTA, CAFTA...that contributed to the mass exodus of jobs.
The pattern is so typical....you should be wondering what other group other than yourself will you blame for problem x,y, and z
What does a persons sexual orientation have to do with anything? Immigrants do jobs we don't want. Democrats do a good job blaming everything on the (group) Republican.
Do you want a job that pays mininum wage? I don't. These are the kind of jobs being sent overseas. The Chinese can have them. It isn't a living wage.
THIS IS LAUGHABLE! Even the ECONOMIST magazine-one of the most respected CONSERVATIVE financial journals in the world thinks OBAMA will handle the economy better...as do ALL THE POLLS. Speaking of POLLS. McCain dropped ANOTHER 2 points this weekend which makes him 7 behind min and 12 max. NO CANDIDATE IN US HISTORY has ever COME BACK TO WIN AFTER SUCH A HUGE DEFICIT. McCain is DONE. OBAMA RULES!! REPUBLICANS ARE FOOLS!
after two insulting posts you are blocked. if all you can do is make fun of my intelligence then I feel no need to give you a form. go spew your arrogance else where.
magiclanternpresents, please explain to me how someone with almost a trillion dollars in NEW spending is handling the economy better?
Of course the Republicans have let me down. They have abandoned their conservative values and spending has gotten out of control. This is not leaving blame out from the Democrats either as Obama averaged $1 million dollars a day in pork spending. I really think we need to clean house on all our politicians and start over.
I remember watching CNN during the Katrina "crisis". New Orleans Democrat Mayor Nagin had done nothing to help the people of New Orleans. Did Nagin have an effective emergency management plan? No.
I lived in Florida for 25 years and every city in Florida has a plan to evacuate people in an emergency. Nagin had no plan, he was so incompetent, but he doesn't want to look incompetent. So he turns around and blames the federal government. And gee, he got re-elected.
Didn't you watch CNN? The buses were sitting in a parking lot. The mayor never utilized them. You lie so bad it is hard to argue with you... there is no class-6 hurricane and Katrina was a class-3. Also there was never a need to evacuate 2-3 million people. Because once again you are pulling facts out of your ass. The population of Metro New Orleans is 1,030,363. And most of these people did not need to be evacuated... only people living in the 11th ward.
Google again.. yes the levies are the Mayor's responsibility.... You know bms, you could Google these things before you say them... then I wouldn't have to constantly correct you.
(google) According to the Constitution of the United States... they federal government has no role in a natural disaster. Only Democrats who believe the government should take care of use would believe this lie.
The army corp of engineers were responsible for the levies. article "Army corps is faulted on New Orleans." By Joby Warrick march 25 2006 Washington post.
The same article states there were known faults in the levies.
Aug 26th, Bush declared New Orleans a disaster area. By law it was Fema's role to coordinate preparations for New Orleans.
Google is a wonderful tool, however try to quote sources, don't give your flawed opinion of the constitution. Read FEMA's mission statement
A great video! Thanks for posting, you now have a new subscriber and I guess a new "student". I am not scared, a little embarrassed maybe, that I really do not understand the in depth complications of economics. I do understand the basic principles but I guess I am probably as guilty as the average American for being so ignorant on this issue but I plan to educate myself more now and its thanks to this great video. I hope that it impacts more people as well.
upsguy03: Thank you, I am flattered. Let me tell you that I am not economy expert, but you do not have to be. All that is required is a healthy dose of skepticism and the desire to ask 'why?'. Ignorance is most certainly a large factor for why people still believe in socialism, communism, etc. History usually should be enough, but most that I know have no interest in history :(
Thanks arkadyka. You are right on about ignorance. I almost blame the ignorance on laziness. Most Americans really do not know what the truth is on almost anything. We have the habits of listening to rumors and myths and passing them on as facts. Then when someone opposes this rumor/myth, we dont back it up with facts but get angry and argue more.
I suppose that is why history will always repeat itself. It seems now that Charisma and personality mean more than actual ability.
I assure you there is no grand conspiracy by foreign banking interests that control the US. The people who are not ready to be unplugged are the legions of liberals that blindly support Obama.
Let me ask you real quick. Do you believe the Fed makes a 3 cent profit on each dollar? And a 3% interest from other banks?
You would have had full attention had I not seen the list of names that included Rothschilds. Maybe you are not one of those crazy cooks - but then you also quoted Ford.
Money makeas this world go round, it is true and unforunate. But the same sources you are pointing me try to suggest that the lenders need war since war pays. While that may be true in some cases, it is of the same tone as "Bush caused 9/11". You can selectively find evidence to prove your point. Slippery slope.
Once you see names like Lehman,Rothschild,Warbug,Rockefeller,Loeb,Schroder and back in 1913 J.P.Morgan, Then all of this economic crisis B.S., will make sense.
Look on your one dollar bill federal reserve note. Do you see the Pyramid with the all seeing eye? Directly under that reads "novus ordo seclurum"
Ask yourself why G.H.W. Bush said the New World Order will be successful?
Let me guess, worldwide Jewish conspiracy - right? Maybe smart enough to sniff out the oldest and most persistent conspiracies the world has ever seen. It will not die as long as humans live. It saddens me that so many people buy into it.
Whether they're Jews or not is irrelevant to me. The fact remains that the FED is not part of the Government. And their greed will not die as long as the masses stay oblivious to how the world's economy functions.
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
So wait, what are you getting at? The govt created the FED and they operate in tandem. Whether or not they are under a certai branch of power is not really crucial. The fed has power to issue loans against our treasury, to me this is as close to govt work as one can get.
So you are giving me a quote from a very well known and unashamed racists...hmm, it seems like you have an agenda.
The whole point is that govt intervention ruins this country, you are taking down a different path.
Thx again, Arkady. Now we know the background. And I just stated that I see a CONSPIRACY. Here's why, we know the history. Let's take some names/orgns. The CRA, Fannie/Freddie, Alinsky, Obama, Dodd, Frank, Raines, Johnson, ACORN, sub-prime hi-risk mortgages, foreign attacks during the last half hour of trading on Wall St each day last week. Connect the blocks, look at the timing! This crap didn't start a month ago; it was carefully orchestrated to OCCUR heading into this election! Get me?
Arkady, thanks for another OUTSTANDING video which clearly spells out the history of big govt and lays the foundation for how we got to where we are today! FDR's "New Deal", LBJ's "Great Society", the CRA of 1977, Fannie/Freddie, sub-prime mortgages, greed, underhanded deals, lobbyists & PAC's, crooks run amok in congress & on Wall Street! Attacks during the last half hour of trading on the stock mkt all of last week! Know what? I see a broad-based CONSPIRACY here to elect Obama! Semper Fi!
so basically we need a national threat to pull us from whats already begun. im just going to assume obama is going to get elected because people dont question their master.
arkadyka what do you think will happen? obama makes his position permanant maybe to "reach out" to the people in need? i doubt he will backtrack on any of his plans.
ive been hearing that it may be a superinflated depression like zimbabwe (this from peter schiff whos been dead on this crisis so far. i mean, dead. on.)
What I think will happen is exactly why I made this video.
He will tax hike the rich and most likely the middle class to pay for his extensive govt program and we will sink into a deeper recession. Then he will raise capital gains tax and everyone is going to recoil and start hoarding their cash thus driving the market down lower.
Things will get bad and unemployment wil rise and we will probably end up in a gobal conflict.
Thx Pollutionx. News I heard this AM is that the Dems (Pelosi, Reid, Dodd, Frank, et al are ALREADY PLANNING that IF NObama is elected, they will call congress back into session right after the election to work out the details of a MASSIVE spending program which will make the recent $700 billion "bailout/rescue" look like pocket change! Should we be concerned? HELL YES! Because I'm convinced that if NObama is elected, we will head straight for a SOCIALIST dictatorship! Semper Fi! :(
Change just for the sake of change is never good!But that is exactly what a large percentage of the American public is about to do!As usual the administration that is in office when a crisis occurs will be associated to said crisis, unfortunately for our country
that is what I believe will bring Mr Obama into the presidency. Yes both Dems and Repblcns are responsible for our current economic crisis but since this is a repblcn andmin every thing about it will be placed at the feet of Mcain
If you thought 700 billion was bad did you know Obama is sponsoring 2 foreign aid bills totaling 920 billion.
75 billion-HR2634 Jubilee Act(Google it)
845 billion-S.2433 Global Poverty Act
Oh yeah S.2433 is waiting approval in the Foreign Relations Committee chaired by(gasp!)Joe Bidden...The real reson Hillay wasn't chosen
I guess if you give bills nice names the pricetag really dosen't matter. Oh yeah because they are in congress they dont count against his proposed spending budget if elected.
Last week something happened in the banking system that only happens twice a year,Hedge fund withdraws.Most of you will not know what they are and I don't have enough room to explain them(you'll have to do your own research).But know this,hedge funds are not regulated by the SEC in any way.Wealthy hedge fund investors in droves withdrew their investments from banks sending our stock market into freefall.Bet you cant guess who is involved in hedge funds...George Soros
A lot of these hedge funds use insane leverages too and most of them will be gone I am sure by the time this is over.
Doubt it was some conspiracy though although implicating that bastard Soros would be great. Most are excellent traders are had a sense that we were tanking. Wall St. knew in advance that this housing market was running out of steam. There will be jail time for a lot of folks that I am reasonably sure of.
True but Soros did make his fortune betting/hedging against Bank of England. I'm not a conspiracy guy but he did say he would spend all his money to make sure Bush wouldn't be re-elected in 2004.Something about the timing of all this dosen't seem right(to me)? Maybe I've been too wired in to politics right now and beginning to go a little crazy...lol.
"I know exactly where the currencies are going to but Im not going to tell that to you..." -George Soros,New York University,11-06-07
The ban (which was an idiotic idea btw) extended on all financial stocks. Whether you are a hedge fund or not, does not matter -no shorting those stocks. They can't discriminate in that sense.
A little confused on your explanation but did get the drift.
Get ready for the "new" new deal america!Today our beloved congressional leaders sensing the public were seeing their corruption are calling for an emergency meeting to discuss another economic stimulus package.Once again manipulating emotions to save their own asses. Inflation be damned!Im sure we could all guess the talking points on this.I wonder who will sponser it...you dont suppose Barney Frank,Chris Dodd or(gasp!)Obama do you?
Kady, you make some valid points, but the FED is not part of the government. It is actually owned by the member banks. Now you have to figure out who owns the member banks, it's sharheolders. Once you connect the dots about the Fed, the Central banks in Europe, I'll guarantee your entire perspective will change.
The Federal Reserve was created by Wilson so it is a government creation. The main point is that the Fed did something that a naural market could not have. Which by extension can be understood that unless a govt agency is absolutely necessary (like DOD) we should get rid of it.
Ohio Senator, Warren G. Harding, who was elected to the Presidency in 1920, said in a 1921 Congressional inquiry, that the Reserve was a private banking monopoly. He said: "The Federal Reserve Bank is an institution owned by the stockholding member banks. The Government has not a dollar's worth of stock in it."
Woodrow Wilson said:
"The growth of the nation ... and all our activities are in the hands of a few men
Federal Reserve Banks are not Government institutions.
creaLEGOtor: Look man, you seem like a smart guy, but I get a sense you are just aguing for the sake fo arguing. You keep pushing the version of history that is incorrectly taught by many people and think you can find a source to disprove me. You can't.
Now you are trying to catch me on semantics. Yes the current Fed is doing a good job, does not mean I support gov't.
What you clearly dont get is that more govt introduces more errors. You either get it or you dont. You dont.
Let's revisit New Deal facts. In '33, Pres Roosevelt inherited an unemployment rate of 25%. Govt programs by '41 (before WW2) reduced the rate as low as 10%. To paraphrase Obama, A 'catastrophic failure' we can believe in!
You claim "Hitler stopped the great depression". If, by that, you mean massive deficit spending on the military. Just because "military" is a different word, doesn't mean it's not "government".
Military spending, which is a wise government program, skyrocketed in the 40s.
Unemployment did fall to 9.66 percent from 1940-41'. However, this is because Pearl Harbor was attacked on December 7th and over a million young men entered into the armed forces in less then a month. Not to mention the millions of manufacturing jobs immediately created by the war.
And that is when the economy started improving. The New Deal gave out jobs which paid substinence wages. They might have helped bring up employment numbers and alleviate the effects of the Depresion.
However, industry getting back on track created real jobs, people worked long hours and there were few consumer goods... so people started saving money again. Real wages and money back in the banks saved the economy.
I don't know... I tried reading abstracts on Friedman and Bernanke's theories on the depression. It was so dry I couldn't really get through it. I think I need to find the cliff notes or the Reader's Digest condensed version.
Federal Reserve Chairman Bernanke is either wrong or right? He's either the solution or the problem. So which is it?
You blame govt for the great depression but praise Chairman Ben Bernanke for being a "student of history" and "flooding the system with cash".
Sounds like a huge govt spending program. Sure, you vomit at the thought, but you also realize Bernanke is attempting to avoid the mistakes of Great Depression.
Sen John McCain proposed a govt spending freeze-- except for military.
This is madness... I can not believe I am sitting here sedentary witnessing the adulation of the masses for Obama and his social engineering project... Its akin to witnessing a train 20 minutes away from assailing a bus full of trapped people...
Thanks for the video. No more HARVARD, YALE, UNIV OF CHIGAGO or COLUMBIA lawyers, educators or public policy or international studies intellectuals forming Congressional Oversight Committees or Alphabet Soup Federal Agencies to "manage" our economy or society PLEASE! In fact, it might be a good idea to just CLOSE HARVARD LAW SCHOOL FOR AWHILE!!
notice that Ayers and Khalidi and Obama all teach/taught at UofChicago. Our top schools made it a point to train all of the world's socialists and terrorists.
Great.
They are so obsessed with racial equality they have lost sight of everything.
The coming generation will be economic-debt slaves to the moguls who back Zerobama. The fix is in, and the dupes can't run fast enuf to vote for the scumbag.
The bottom line is, watch who the corrupt nations and Hollywood are pulling for to win the election and do the opposite. That alone is just about enough to guarantee that we won't get a complete idiot in the White House.
Problem is, a huge majority listen to Hollywood - since they do not have the mental capacity to understand that this is beyond "Bush sucks/McCsame bla bla "
The conventional wisdom is that the wealthy got greedy and ruined this country. The Great Depression is a tool for the left to prove their communist agendas. Most intelligent people understand that communism does not work, most smart people KNOW it does not work. How many Americans lack both of those attributes - and how many of us have to suffer because of those Americans.
Read ch 4-5 of "The Audacity of Common Sense" on my web site: audacityofcommonsense com 1933: FDR stole American's gold. Retirees who had saved gold were immediately plunged into poverty. I don't buy gold because if they did it once, they can do it again. Oh and btw, with a BO in office, the government can decide if you have too much money in the bank and simply seize it. If you think this cannot happen, you simply have too much faith in socialist. FDR was a socialist, and so is Obama
Man are we getting change, some people are still drinking the Kool-Aid though.
blueghist 1 year ago
i appreciate all you have done to try to argue against obama and provide peole with logical contradictions
kingofcoffe64 2 years ago
so government spending and growing bueracracy in WWII good government spending and growing bueracracy during new deal bad. Actually the majority of historians and economists think your austrian economics theory is nonesense
bmason3 2 years ago
So today, March 20th, 2009, the Congressional Budget Office REVISED its estimate of the deficit for the ObamaNation spending UPWARDS by another 2 TRILLION DOLLARS to 9 TRILLION, right after the FED decided to print a TRILLION dollars to buy its own debt. This can cause hyper-inflation during a depression if not PERFECTLY timed. Can you visualize America looking like Zimbabwe, or China in WWII or Germany with wheelbarrels of money to buy bread?
focusfrost 2 years ago
Holy fuck. You just blew my freaking mind. That is the best argument against the crap obama is pulling that i have ever heard.
JohnBowetheAssassin 2 years ago
I voted for Nader.
All you other people are nuts.
gjsterp 3 years ago
Look at the performance indicators during the new deal; the rate of economic growth correlated perfectly with growth rate of the federal deficit.
When you're in a liquidity trap, government spending is great way to get out of it. WWII merely provided the political will necessary for massive deficit spending. Of course, full employment with price controls didn't hurt things either. You can thank Galbraith for the lack of inflation during WWII, by the way.
Mastabiff 3 years ago
will McCain inst spring chicken either but Obama will bankrupt us.
jp3711nc1 3 years ago
WOW! I wish there were more brains out there like you! You should have gotten into the mess of the Democratic party that caused the Freddie/Fannie mess! OBAMA SHOULD GIVE BACK OUR TAX MONEY THAT HE RECIEVED FROM FREDDIE/FANNIE!
758880 3 years ago
you are awesome dude I agree with everything you said.
ElotOdog 3 years ago
I AGREE
TAX2000 3 years ago
I find it amazing, as I watch the debates tonight, at how Obama continually smiles and laughs when the subject comes up about "spreading the wealth." I am glad he thinks it is funny about his plan to take money from those who make it and give it to those who cannot.
stockguy97 3 years ago
must be a trained socialist defense move.
arkadyka 3 years ago
LOL, I am not sure if its a trained move or just instinct. It is like a serial killer getting kicks out of watching his victim suffer before the end.
I do not understand how Obama gets away with claiming that 98% of small business earnes less than $250,000 a year and will not be affected by his tax increases. From my experience, the average small business earns around $380,000 a year which fall under these new high taxes.
stockguy97 3 years ago
Thx Stockguy, spot on! The left has no clue! And look at how NObama & the MSM attacked "Joe the Plumber" when he just asked a simple question. With NObama & Co, it's clear that any question is dangerous and any challenge of him or his mindless supporters is VERY DANGEROUS from their perspective! Semper Fi! :?
MarineLlanoTX 3 years ago
Thanks MarineLlanoTX!! You are right, the left doesnt have a clue. The leftist leaders do, but the followers do not. They are blindly following their leaders and falling for the hype. It is sickening how they attack "Joe the Plumber". He is exactly what the average American is all about. Obama is borderline socialist/communist and if elected, we will see up front what he really is.
What really scares me are the plans Obama has that he is NOT talking about.
stockguy97 3 years ago
Stockguy97, I have the same concerns! And your last sentence says it all because it's my sense that his REAL PLANS are not even close to the way he portrays himself as a "moderate". The guy has been a radical liberal his whole life! We know that, thanks to the fine work of Arkady & others. This NObama character hasn't CHANGED, he's just riding his FOOL SUPPORTERS to gain POWER! IF he gets it, then the REAL Barack HUSSEIN Obama will "come out of the closet"! And we'll be the victims! Semper Fi!
MarineLlanoTX 3 years ago
MarineLlanoTX and Stockguy97, it is awesome to read your comments!! These are some scary times coming up. Lately it seems that so many are falling for the OBAMA show-manship. I am not sure what will happen but I am sure to vote McCain.
What I find absolutely frightening is how close this race has become. How could a socialist/communist like Obama even get this much support? What are Americans thinking????
upsguy03 3 years ago
Thx UpsGuy03! Yessir, VERY SCARY if this guy gets elected. As far as your last two questions:
1. As Arkady has so brilliantly outlined in his vids, NObama learned from some very radical but smart people, like Alinsky & Ayers.
2. The people who support & will vote for NObama are NOT THINKING! They're much like the German people were in the 1930's as Hitler rose to power. THOUGHT is not part of the process, it's all about EMOTION and this lowlife's "Rockstar" imagery! Very sad times IF he wins!
MarineLlanoTX 3 years ago
We're all looking at the 95% tax thing wrong. It's not about the poor,its about creating monopolies for the super rich. Think about it. There's a reason Bill Gates&Warren Buffet love Obama. He will crush their competition with taxes! Add onto that his mandated health care which will fine businesses that don't supply it and it becomes clear. Obama And Buffet have sold america to walmart with a 95% shell game.
ddevilsugar 3 years ago
I couldn't have said it better myself.
Z8nate 3 years ago
Has anyone done the math? What is the costs of servicing a $10 trillion debt? Can we really afford hundreds-of-billions of dollars leaving this country? How will we ever pay that back?
fivestarmichael 3 years ago
GREAT INFO! And more reasons why we r F-ed WHEN Obama wins.
If he does win, I dont think he'll be even a decent prez. And if he is terrible, I never thought I'd see so many people vote so stupidly. The sad thing is many arent stupid people: they r just EXTREMELY IGNORANT of so many facts about Obama, economic principles, how govt should & should not be used to serve the people, etc.
OR, they are so disgusted that they r letting their emotions override their good sense.
Or maybe BOTH!?!
clhoyt1003 3 years ago
I am convinced that half of the democrats and all the former "republicans" are voting anti-bush. that's it. nothing more.
they think it does not matter who gets elected anyway, so why not send a message. this time they could be very wrong though. you are right a lot of it is due to ignorance.
I think there should be a test given to all voters (IN ENGLISH) electronically that tests basic stuff. No pass, no vote.
This will remove ACORN's voting drives and a ton of stupidity.
arkadyka 3 years ago
"...with this new $700 billion bailout...excuse me, BLEH!"
hahahahahahaha!
So, SO true!
Gonna finish watching the vid now...
clhoyt1003 3 years ago
wow history is so important and knowing it makes this all even more scary!
LiTtLeCyBeRfAiRy 3 years ago
good stuff~ thanks
caramelturtles 3 years ago
NO MORE REPUBLI-CRATS! No on McCain or Obama!
McCain does not want to cut spending. He will spend trillions more in the war in Iraq in fact he will probably expand it into Iran, North Korea Venezuela etc. McCain signed into law McCain-Feingold which makes it a law that I and every other tax payer out there has to pay for his campaign and any other struggling major party campaign. Now me being a Libertarian doesn't even get to benefit from my own tax $'s because my party doesn't qualify.
Un4given1988 3 years ago
I agree with you... the campaign financing laws support the two-party system's hegemony. As Werva... said, Both parties play good cop/bad cop. When there is little difference between them. Except the liberals are worse, brainwashed into thinking we need the government to run our lives. Their perception of the world is based on a distorted reality. Levies, welfare, FEMA and bailout packages are not constitutional rights. They are examples of gov. overstrpping their mandate.
fivestarmichael 3 years ago
Guys, if republicans were actually doing what they were supposed to - we libertarians would be more or less content. How many of the republicans are actually Liberals in sheep's clothing though, probably half.
Bush is the biggest liar there is and because of him the country is going to elect a Marxist!! If Bush was a true fiscal conservative he woud not have expanded gov't more than freakin' Bill Clinton.
It just pains me.
arkadyka 3 years ago
That is the reason I stepped away from the Rebublican party. I don't agree with misguided liberal values. How can I support a party that does? Another example of appeasement not working.
Because of the Republican party we are $10 trillion in debt. How much of our federal budget is going to pay interest? No one is more angry with Bush then true conservatives. The liberal-democrat economic policy is not the answer. It is liberal thinking got us into this mess.
fivestarmichael 3 years ago
Let me re-word that last statement. It was Bush appeasing (trying to appeal to) the liberals that got us into this mess.
Independent voters would support a fiscally responsible Republican. But Bush has alienated middle-America too much and he has given the Republican party (a well-deserved) bad reputation. By trying to appeal to eveyone, he has repelled everyone.
fivestarmichael 3 years ago
That is right, the housing crisis in large part is due to liberalism.
The IDIOTIC stimulus packages is a liberal agenda.
The whole war thing is complicated, certainly a large part of the deficit - but 9/11 just thew us for a loop. We should not have been so reckless under Clinton and I hold him responsible for that.
arkadyka 3 years ago
fivestarmichael, I agree with what you say. I voted for Bush both times and still am glad he won over the other choices. However at the same time I cannot say I will be sad to see a new face in the White House, I just hope it isnt Obama. I used to have the opinion it didnt matter who got in as most Presidents wouldnt be able to pass half of what they want. However, if Obama wins and can even pass 1/4 of what he wants it will devastate our country.
upsguy03 3 years ago
Right now we are $10 tril in debt. We absolutely have to reduce the size of our gov. and there is no way a Democratic president will do that.
McCain really does want to reverse years of damage done by neo con-artist Bush. We need more congressmen like Republican Ron Paul.
Our country needs to become a lot more fiscally conservative... instead we are moving in the opposite direction. It doesn't help that Bush has made a mockery of conservatism and made the rep. party a joke.
fivestarmichael 3 years ago
arkadyka, You stated earlier that, like McCain,you're no expert on the economy. On that point I'll wholeheartedly agree. You taking the Lions, displays a lack of judgement and a nonchalant attitude with your cybermoney.
In the same way, many people stick with the GOP out of some sense of loyalty. However, politics isn't a game.This nation needs to move beyond the left/right paradigm and come up with some pragmatic solutions or we're all doomed. The top 1% excluded. LOL
wervasdeferens 3 years ago
Chalk that one up to loyalty :)
My allegiance to the Republicans is superficial and only hinges on a few policies that we apparently share together. Find me a fiscally conservative democrat and I will vote for him in a hearbeat. Better yet, create a real 3rd party and I will be happy as a clam.
arkadyka 3 years ago
I hear you, we're on the same page on that!
I think the two parties play good cop/bad cop, while they steal our money through taxation and THE FED. LOL had to throw that in.
But seriously, The Fed is not going to allow Obama to do anything crazy,just ask JFK.
Reagan nor the Bushes were fiscal Conservatives.
When you have time watch "The Money Masters"
or "How the Fed works" both Docs are on YT,the entire Docs are on Google.
You can shrug it as conspiracy or fact check
the claims.
wervasdeferens 3 years ago
Even Lou Dobbs has a series about the Fed on his website. If one just relies on conservative sites you only get half the story. I checked sites like the Heritage Foundation's ,AEI and others,they all have their biases and agendas.
RealClearPolitics offers a wide range of information that includes all viewpoints.
Their site is my starting point for most info including Financial and Sports.
wervasdeferens 3 years ago
WOW!!! Skewed??? EVERY POLL TODAY SHOW OBAMA AHEAD BY 10 POINTS! THE FDA JUST APPROVED A COUPLE OF DRUGS THAT WILL FIX YOUR SKEWED OPINION!!!
imtang0708 3 years ago
I am very impressed with your caps, you definitely get the point across better.
I could care less about the polls or your torpid intellectual spasms.
arkadyka 3 years ago
Libertarian ....rather you are closet republican, who is too ashamed to state you are one, but not to ashamed to make excuses for them.
bms4lifem3 3 years ago
the depression was caused intentionally by private sector bankers as a way to consolidate their power around the federal reserve.
WW2 only gave the illusion of fixing the depression because of the slave system the bankers set up to control our monetary system.
what WW2 did was force governments to borrow this fake money from the banks. when banks lend money it gives the illusion of a robust economy because it allows more of these notes to float into the economy. it is all debt though.
ambientdiscord 3 years ago
i think the video demonstrated pretty well what went wrong, citing conspiracy theories is ignorant.
why are there so many of you jokers out there.
XelaKamen 3 years ago
it isnt a conspiracy.
private bankers took control of our system of money. they called it the federal reserve to make people think it was a government organization. they arranged the 10/1 fractional reserve system to keep us perpetually in debt. money is no longer backed by gold and it is no longer a note of credit, it is a note of debt.
all of those things are facts. now we can debate if being perpetually in debt is the best way to run an economy. i call it usury.
ambientdiscord 3 years ago
Iraq WAR ...revisited. Stupid republicans ...just trying to cover their butts, but you've screwed up so badly, we are going to vote the you out of office.
You can't even point to achievement in the last 8 years. Just try to blame the party that wasn't in power. Pathetic.
bms4lifem3 3 years ago
First, I didn't vote for Bush and I am a Libertarian. I haven't lied to you about anything, but you keep lying. Why are you using lies? I google every fact or name u give, so why lie? Bush is a failure and a loser, but that doesn't make Obama a viable candidate.
fivestarmichael 3 years ago
Nice cop out. The libertarian exit strategy. I didn't vote for BUSH. I just support and back everything Bush and the republicans do.
Try to be a little less vague. State what you disagree with...then go forward.
Libertarians isn't a viable party. Republicans aren't option.
bms4lifem3 3 years ago
You are just an ignorant troll wasting my time. Why would I try to find an exit strategy? You are losing this debate on every level. I don't back Bush at all and I don't back the Republican party. I am a constitutionalist. I am a strong conservative, not a Republican. I am far more conservative then the Republican party. I could say you are a communist because many of the principles you defend align with Marxist theory.
fivestarmichael 3 years ago
Oh Look the Bush supporter thinks he's winning.
Still trying to find where the levies are the mayors responsibility. Where did you come up with that GEM? Does he have his own staff of engineers? rolling eyes.
I don't give two cents how you define yourself. Conservativism is a failed ideology to me. Bunch of people bragging about being conservative...what have the accomplished except debt and war.
bms4lifem3 3 years ago
Actually, the Mayor does have a staff of engineers... anymore brilliant comebacks? Ever heard of city-engineer?
Hmmm, debt and war? Let's see Roosevelt got us into WWII, he was a Democrat. Kennedy got us into Vietnam, he was a Democrat. The new deal put the U.S. into debt... wasn't the Roosevelt's idea? Was he a Democrat? Johnson thought up, "The war on poverty" which has costs trillions of dollars, and it has done nothing to stop poverty. Was Johnson a Democrat?
fivestarmichael 3 years ago
God your stupid. The army of engineers is directly responsible for the defect in the levies. If you choose to ignore the article...I guess ignorance is bliss in your case.
WW II FDR (War was warranted...Holocaust
Kennedy/Johnson vietnam (War was not warranted)
Iraq war (Greatest blunder in US history
War on poverty????????
War on drugs????
War on intelligence...that you are waging against yourself and winning.
bms4lifem3 3 years ago
You really don't know history. We didn't enter WWII to stop the holocaust. (google) Hitler didn't start exterminating Jews until after we entered the war. We entered the war because Roosevelt wanted to get us out the depression.
No... you said, "the mayor doesn't have any engineers." The Army Corps is responsible for the levies. There is plenty of evidence proving Nagin knew they were insufficient. He did nothing to shore up the levies.
fivestarmichael 3 years ago
You stated Mayor Nagin was responsible for the levies. If there is a structural defect in the levies ...the responsiblity lies with the people who created it. The Army of engineers should have made corrections to the levies LONG before Katrina.
As an arkadya disciple if you wish to assume we went to the war because of the depression that is your right. Its an opinion not a fact. We stopped the spread of facism in WWII and the Holocaust...the war was warranted.
bms4lifem3 3 years ago
We stopped fasism, but you stated that we went to war to stop the holocaust. Wasn't Saddam Hussien a fascist murding hundreds of thousands of his own poeple? But we shouldn't go to war to save brown people from genocide.
Roosevelt believed the Germans had, "Weapons of Mass destruction." was that enough reason to go to war?
fivestarmichael 3 years ago
The government just pre-emptively stopped a 2nd REPUBLICAN depression.
bms4lifem3 3 years ago
Bush and republicans created the problem and you want us to vote for them?
Whatever.
I bet this vid has censored comments.
bms4lifem3 3 years ago
Is the material in the video too hard to understand?
Are you really that mentally challenged that all you can sputter to me is bush and republicans? If you are here, you must at least somewhat care about this election. If you care, why don't you bother to listen and learn just a bit. Don't you care about yourself? sad..
arkadyka 3 years ago
Bms... how did Republicans create this problem? You have the facts right? You can give me evidence to show how the Republicans caused this, right? Do you know how this problem came about or are you just talking out of your ass? Stop being brainwashed.
fivestarmichael 3 years ago
bms4lifem3 3 years ago
No the republicans are innocent. Its the governments fault it ran itself into the ground under GOP leadership. Gimme a freaking break.
How much corruption (Ney, Cunningham Stevens, Delay) 700 bill wasted in Iraq,10 bill per month, Halliburton stock increases by 400% (warprofiteering), 9 bill just lost during Katrina, the massive corruption on wallstreet.....must it take before you stop being spoonfed garbage by dopes like Hannity and Rush...who want to make it about Ayers and Reverend Wright
bms4lifem3 3 years ago
Wake the F up.
bms4lifem3 3 years ago
I find it ironic that the only evidence you can muster about the housing bubble is the Gramm act. Not only does Bill Clinton STILL support that, but it is still unproven that it caused the housing crisis. Yet we are spoonfed by Rush and Hannity? Two people I never listen to. I am spoonfed? Yet you are just spitting the same garbage every Bush-hater spits out.
The banking industry was deregulating itself and the act just repealed a New Deal relic.
Katrina? WTF? lol, get a clue.
arkadyka 3 years ago
Paul Krugman, nobel prize winner in economics, agrees with me that the Modernization act contributed to the subprime mortgage fiasco. If you disagree with him...shrug.
I guess this vid is a pre-emptive attempt to distract the public from the failure of reagonomics. Its pretty embarrasing to have the government bail wall street out by stressing it need to be regulated.
Fema, 9 bill lost because of unqualified GOP hacks running it.
bms4lifem3 3 years ago
Didn't Krugman work for Enron? You really believe this video is a pre-emptive attempt? It is embarrassing to have the government bail out Wall Street! It was the Democrats who passed the bill. You should be ashamed of the Democrats for bailing out big-business. You blame everything on the Republicans but the Democrats decided to spend $850 Billion to help Wall Street. A majority of Republicans were against it. I don't see how either side could approve the bailout, yet the Democrats did.
fivestarmichael 3 years ago
Krugman was on an economic advisory board for Enron. He didn't cook the books if that's what you are implying. Bush's buddy, Ken Lay and other Enron execs did that.
Date of vid Oct 9, 2008. When AIG, Lehman brothers, were collapsing due to subprime mortgage mess.
If I could put republicans on an island ...I would but their screw ups effect the country. Could you imagine if we ALLOWED FREE MARKET to rear its ugly course? Can you say Republican GREAT Depression 2? I know you can.
bms4lifem3 3 years ago
I am not asking for Obama-bot rhetoric. I am asking for a valid argument. I don't know why you would use the Gramm/Bliley bill as an argument. Bill Clinton (D) signed that bill. He was recently quoted as saying, "If you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence."
Deregulation; allowing financial institutions to diversify has made the current crisis less severe. What was your point on this?
fivestarmichael 3 years ago
Clinton also begged to ask the meaning of the word "is".
I voted for the guy but he has his faults and admitting his did something wrong is one of them.
bms4lifem3 3 years ago
"Deregulation; allowing financial institutions to diversify has made the current crisis less severe"
That statement is factually incorrect.
Take a look at the 700 bailout bill (its stipulations BANKS TO BE REGULATED) then get back to me.
bms4lifem3 3 years ago
You are so ignorant... I am quoting Bill Clinton. BTW it is a $850 billion bailout bill... the Democrats added on $150 billion in sweetners... i.e. pork barrel projects. I have read the bailout bill. It makes me sick. No true conservative believes the gov. should bail out private enterprise. No true liberal should support this bill... however the Democrats supported it. "Banks to be Regulated" was written in by the Democrats, not the Republicans. Why would Dem. support this?
fivestarmichael 3 years ago
Agree 150 bill in pork, but both parties added their own pork barrel projects.
OF COURSE YOU WANT THE BANKS to be regulated. Deregulation was the problem. Where are you getting your misinformation from?
bms4lifem3 3 years ago
More lies... bms, do you have any facts? I can trace every pork barrell earmark to a Democratic constituency. Not one "Goody" benefits a Republican congressman.
Did you sleep through American Government class? Do you actually have an argument defending your position? I can't even fathom the logical contradiction in your statement. While you were sleeping Republicans are against regulation. De-regulating something is removing the laws which restrict free-enterprise. What grade are you in?
fivestarmichael 3 years ago
Every earmark? Why lie?
Exxon Valdez: Plaintiffs in the suit over the 1989 oil spill could spread their tax payments on punitive damages over three years, cutting their tax bill by $49 million. The measure was backed by Rep. Don Young, R-Alaska.
bms4lifem3 3 years ago
Am I talking to a severely mentally challenged individual?
THE subprime mortgage fiasco was do to a LACK OF REGULATION in the banking industry. Laws which DEREGULATED the banks, there were no rules YOU FOOL. GOd you're an idiot. That was the problem.
bms4lifem3 3 years ago
Gramm-Bilely repealed the Glass Steagle act....
making regulations MORE LAX...DUHHH....
bms4lifem3 3 years ago
The Gramm-Bliley bill reversed a law that restricted financial institutions from buying each other out. It didn't make regulations more lax... it allowed financial institutions to diversify their assets. What grade are hou in?
fivestarmichael 3 years ago
You are questioning my intelligence? That is funny. If you are so smart, why do you keep using lies to back up your arguments? (google) the sub-prime mortgage crisis was caused by banks being forced to give loans to people who didn't qualify. Who passed legislation forcing banks to give these loans? Republicans? No. And what do you mean by, "Laws which DEREGULATED the banks, there were no rules YOU FOOL." There were rules. (google)The Dems. made sure low-income people could obtain mortgages.
fivestarmichael 3 years ago
Yes I'm questioning your intelligence.
THe CRA, community reinvestment act, only covered less than 20% of the subprime mortgage loans. Plus banks were not forced but rather encouraged to give out loans to lower and middle class people. This is a common conservative talking point. It doesn't address rampant greed in the banking culture, do to DEREGULATION. It just tries to use poor, brown people as the scapegoat. Way to pass the BUCK again CONSERVATIVE....
bms4lifem3 3 years ago
Conservatism= always having an excuse for incompetence?
bms4lifem3 3 years ago
You must have missed arkadyka's video, "The CRA, community reinvestment act"
Can I get you two-acres and a mule? I was wondering when the racist card would come up. Do you know the Republican pary freed the slaves? I am sure you don't... you don't do research. You pull facts out of your ass.
You are such a racist! It wasn't just black people signing up for mortgages they couldn't afford. Plenty of white people did the same thing.
fivestarmichael 3 years ago
You must consider arkadyka a God or something.
Sorry I don't belong to your cult. I get my information else where.
Sorry not an African American but thanks for offering.
Conservatives really think they are slick about who they use as scapegoats. 9 out of 10 times, it will never be the people who are launching the accusations. Ex. You will never see a banker/admit the greed on wallstreet caused this mess...rather it was the CRA program giving loans to the lower class. Divorce rate is 50 perce
bms4lifem3 3 years ago
nt...and its the fault of gays. That's why we need the gay marriage act. ...or the loss of jobs is a result of illegal immigration, not laws such as NAFTA, CAFTA...that contributed to the mass exodus of jobs.
The pattern is so typical....you should be wondering what other group other than yourself will you blame for problem x,y, and z
bms4lifem3 3 years ago
What does a persons sexual orientation have to do with anything? Immigrants do jobs we don't want. Democrats do a good job blaming everything on the (group) Republican.
Do you want a job that pays mininum wage? I don't. These are the kind of jobs being sent overseas. The Chinese can have them. It isn't a living wage.
fivestarmichael 3 years ago
You have issues. Your party has issues.
Mccain is in trouble. Republicans are behind in the polls in every congressional race. Whatever excuse you want to make...make it.
Reality is kinder to my side. If this is a form of therapy for you ...have at it. wasting my time arguing with a fool
bms4lifem3 3 years ago
Nice cop out.
fivestarmichael 3 years ago
You are a liar. I never lied to you, but you lied repeatedly. Why do you have to lie to convince people? Is your position so unsure?
fivestarmichael 3 years ago
You and your party have nothing to offer but lies... because you are a liar.
fivestarmichael 3 years ago
THIS IS LAUGHABLE! Even the ECONOMIST magazine-one of the most respected CONSERVATIVE financial journals in the world thinks OBAMA will handle the economy better...as do ALL THE POLLS. Speaking of POLLS. McCain dropped ANOTHER 2 points this weekend which makes him 7 behind min and 12 max. NO CANDIDATE IN US HISTORY has ever COME BACK TO WIN AFTER SUCH A HUGE DEFICIT. McCain is DONE. OBAMA RULES!! REPUBLICANS ARE FOOLS!
magiclanternpresents 3 years ago
Bush won twice behind by that much.
xfiles9302 3 years ago
Lol, Economist is the most conservative journal? I implore you, show me out of whose ass did you pull that information out of?
Yes they support free market and some fiscally conservative ideals, but they are far from conservative.
That being said your polls are all skewed.
arkadyka 3 years ago
after two insulting posts you are blocked. if all you can do is make fun of my intelligence then I feel no need to give you a form. go spew your arrogance else where.
arkadyka 3 years ago
magiclanternpresents, please explain to me how someone with almost a trillion dollars in NEW spending is handling the economy better?
Of course the Republicans have let me down. They have abandoned their conservative values and spending has gotten out of control. This is not leaving blame out from the Democrats either as Obama averaged $1 million dollars a day in pork spending. I really think we need to clean house on all our politicians and start over.
upsguy03 3 years ago
Democrats fighting for reality is silly, because virtually every liberal agenda has been disproven time and time again.
arkadyka 3 years ago
The entire Obama campaign is distorting reality to win points. How is mistruth, exaggeration and lying a reality?
fivestarmichael 3 years ago
How do you know I am not black? Because I am conservative... you are such a racist.
fivestarmichael 3 years ago
Pulling out the looney card?
bms4lifem3 3 years ago
I remember watching CNN during the Katrina "crisis". New Orleans Democrat Mayor Nagin had done nothing to help the people of New Orleans. Did Nagin have an effective emergency management plan? No.
I lived in Florida for 25 years and every city in Florida has a plan to evacuate people in an emergency. Nagin had no plan, he was so incompetent, but he doesn't want to look incompetent. So he turns around and blames the federal government. And gee, he got re-elected.
fivestarmichael 3 years ago
Funny how a city mayor should have an effective strategy for an CLASS 5-6 hurricane. One of the worst natural disastors in US history.
Where was the federal government? Where were the planes, buses to evacuate 2-3 million people?
bms4lifem3 3 years ago
Didn't you watch CNN? The buses were sitting in a parking lot. The mayor never utilized them. You lie so bad it is hard to argue with you... there is no class-6 hurricane and Katrina was a class-3. Also there was never a need to evacuate 2-3 million people. Because once again you are pulling facts out of your ass. The population of Metro New Orleans is 1,030,363. And most of these people did not need to be evacuated... only people living in the 11th ward.
fivestarmichael 3 years ago
Oh so you watch CNN? You are aware that there is 9 bill that is unaccounted from FEMA.
DID I LIE about that...you BUSH bot?
What about the levies....is that the city mayors responsibility too?
What is the FEDERALS role in a natural disastor....You cult worshipping REPUBLICAN?
BUsh approval rating aren't 24 percent ...i guess that's a myth to you...fool. I bet you voted for that c average...failure for president.
bms4lifem3 3 years ago
Google again.. yes the levies are the Mayor's responsibility.... You know bms, you could Google these things before you say them... then I wouldn't have to constantly correct you.
(google) According to the Constitution of the United States... they federal government has no role in a natural disaster. Only Democrats who believe the government should take care of use would believe this lie.
fivestarmichael 3 years ago
Wrong again.
The army corp of engineers were responsible for the levies. article "Army corps is faulted on New Orleans." By Joby Warrick march 25 2006 Washington post.
The same article states there were known faults in the levies.
Aug 26th, Bush declared New Orleans a disaster area. By law it was Fema's role to coordinate preparations for New Orleans.
Google is a wonderful tool, however try to quote sources, don't give your flawed opinion of the constitution. Read FEMA's mission statement
bms4lifem3 3 years ago
Google this: stop-obama-constitutional-crisis
Go to the 3rd site and sign.
THIS IS NO JOKE PEOPLE! GO GO GO GO GO!!!!!!
WeRevealTheTruth 3 years ago
A great video! Thanks for posting, you now have a new subscriber and I guess a new "student". I am not scared, a little embarrassed maybe, that I really do not understand the in depth complications of economics. I do understand the basic principles but I guess I am probably as guilty as the average American for being so ignorant on this issue but I plan to educate myself more now and its thanks to this great video. I hope that it impacts more people as well.
Take care!
upsguy03 3 years ago
upsguy03: Thank you, I am flattered. Let me tell you that I am not economy expert, but you do not have to be. All that is required is a healthy dose of skepticism and the desire to ask 'why?'. Ignorance is most certainly a large factor for why people still believe in socialism, communism, etc. History usually should be enough, but most that I know have no interest in history :(
arkadyka 3 years ago
Thanks arkadyka. You are right on about ignorance. I almost blame the ignorance on laziness. Most Americans really do not know what the truth is on almost anything. We have the habits of listening to rumors and myths and passing them on as facts. Then when someone opposes this rumor/myth, we dont back it up with facts but get angry and argue more.
I suppose that is why history will always repeat itself. It seems now that Charisma and personality mean more than actual ability.
upsguy03 3 years ago
I also quoted Wilson and Harding! That's neither here nor there! It's all about the Money supply.
Have you ever seen "The Matrix"?
The scene where Morpheus tells Neo that some people aren't ready to be unplugged?
I'm just messing with you,you're cool.
Keep up the good work!
Sidebar: I hope the Nittany Lions play my Alma Mater,UT Longhorns, for the Championship!
I'll place a cyberbet with you, LOL!
wervasdeferens 3 years ago
I assure you there is no grand conspiracy by foreign banking interests that control the US. The people who are not ready to be unplugged are the legions of liberals that blindly support Obama.
Let me ask you real quick. Do you believe the Fed makes a 3 cent profit on each dollar? And a 3% interest from other banks?
Lions!!! Cyberbet is on :)
arkadyka 3 years ago
No, what I'm saying is we need to examine the Federal Reserve a little more closely and connect the dots.
Forget the race thing! This is not about race,it's about Monopoly. Wealth and power in the hands of very few at all of our expense.
I know you do good research,so all I'm asking is that you dig deeper into the FED!
I'm not some Illuminati conspiracy guy.
I just think if more people knew the real truth, "we the people" might change things.
And you already have a voice on YT!
wervasdeferens 3 years ago
You would have had full attention had I not seen the list of names that included Rothschilds. Maybe you are not one of those crazy cooks - but then you also quoted Ford.
Money makeas this world go round, it is true and unforunate. But the same sources you are pointing me try to suggest that the lenders need war since war pays. While that may be true in some cases, it is of the same tone as "Bush caused 9/11". You can selectively find evidence to prove your point. Slippery slope.
arkadyka 3 years ago
Once you see names like Lehman,Rothschild,Warbug,Rockefeller,Loeb,Schroder and back in 1913 J.P.Morgan, Then all of this economic crisis B.S., will make sense.
Look on your one dollar bill federal reserve note. Do you see the Pyramid with the all seeing eye? Directly under that reads "novus ordo seclurum"
Ask yourself why G.H.W. Bush said the New World Order will be successful?
This stuff is beyond blaming Liberals!
You guys are smart,but you need to dig deeper.
wervasdeferens 3 years ago
Let me guess, worldwide Jewish conspiracy - right? Maybe smart enough to sniff out the oldest and most persistent conspiracies the world has ever seen. It will not die as long as humans live. It saddens me that so many people buy into it.
arkadyka 3 years ago
Whether they're Jews or not is irrelevant to me. The fact remains that the FED is not part of the Government. And their greed will not die as long as the masses stay oblivious to how the world's economy functions.
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
wervasdeferens 3 years ago
So wait, what are you getting at? The govt created the FED and they operate in tandem. Whether or not they are under a certai branch of power is not really crucial. The fed has power to issue loans against our treasury, to me this is as close to govt work as one can get.
So you are giving me a quote from a very well known and unashamed racists...hmm, it seems like you have an agenda.
The whole point is that govt intervention ruins this country, you are taking down a different path.
arkadyka 3 years ago
Thx again, Arkady. Now we know the background. And I just stated that I see a CONSPIRACY. Here's why, we know the history. Let's take some names/orgns. The CRA, Fannie/Freddie, Alinsky, Obama, Dodd, Frank, Raines, Johnson, ACORN, sub-prime hi-risk mortgages, foreign attacks during the last half hour of trading on Wall St each day last week. Connect the blocks, look at the timing! This crap didn't start a month ago; it was carefully orchestrated to OCCUR heading into this election! Get me?
MarineLlanoTX 3 years ago
Arkady, thanks for another OUTSTANDING video which clearly spells out the history of big govt and lays the foundation for how we got to where we are today! FDR's "New Deal", LBJ's "Great Society", the CRA of 1977, Fannie/Freddie, sub-prime mortgages, greed, underhanded deals, lobbyists & PAC's, crooks run amok in congress & on Wall Street! Attacks during the last half hour of trading on the stock mkt all of last week! Know what? I see a broad-based CONSPIRACY here to elect Obama! Semper Fi!
MarineLlanoTX 3 years ago
so basically we need a national threat to pull us from whats already begun. im just going to assume obama is going to get elected because people dont question their master.
arkadyka what do you think will happen? obama makes his position permanant maybe to "reach out" to the people in need? i doubt he will backtrack on any of his plans.
ive been hearing that it may be a superinflated depression like zimbabwe (this from peter schiff whos been dead on this crisis so far. i mean, dead. on.)
pollutionx 3 years ago
What I think will happen is exactly why I made this video.
He will tax hike the rich and most likely the middle class to pay for his extensive govt program and we will sink into a deeper recession. Then he will raise capital gains tax and everyone is going to recoil and start hoarding their cash thus driving the market down lower.
Things will get bad and unemployment wil rise and we will probably end up in a gobal conflict.
arkadyka 3 years ago
Thx Pollutionx. News I heard this AM is that the Dems (Pelosi, Reid, Dodd, Frank, et al are ALREADY PLANNING that IF NObama is elected, they will call congress back into session right after the election to work out the details of a MASSIVE spending program which will make the recent $700 billion "bailout/rescue" look like pocket change! Should we be concerned? HELL YES! Because I'm convinced that if NObama is elected, we will head straight for a SOCIALIST dictatorship! Semper Fi! :(
MarineLlanoTX 3 years ago
Thank you for your information.
I am still sticking with McCain .
I give this video a 5
ugeenbenhemmer 3 years ago
Change just for the sake of change is never good!But that is exactly what a large percentage of the American public is about to do!As usual the administration that is in office when a crisis occurs will be associated to said crisis, unfortunately for our country
that is what I believe will bring Mr Obama into the presidency. Yes both Dems and Repblcns are responsible for our current economic crisis but since this is a repblcn andmin every thing about it will be placed at the feet of Mcain
olded56 3 years ago
Hot stock tip!!!With all the money we'll be printing under obama/congress to cover the spending.Invest in ink.
ddevilsugar 3 years ago
If you thought 700 billion was bad did you know Obama is sponsoring 2 foreign aid bills totaling 920 billion.
75 billion-HR2634 Jubilee Act(Google it)
845 billion-S.2433 Global Poverty Act
Oh yeah S.2433 is waiting approval in the Foreign Relations Committee chaired by(gasp!)Joe Bidden...The real reson Hillay wasn't chosen
I guess if you give bills nice names the pricetag really dosen't matter. Oh yeah because they are in congress they dont count against his proposed spending budget if elected.
ddevilsugar 3 years ago
Last week something happened in the banking system that only happens twice a year,Hedge fund withdraws.Most of you will not know what they are and I don't have enough room to explain them(you'll have to do your own research).But know this,hedge funds are not regulated by the SEC in any way.Wealthy hedge fund investors in droves withdrew their investments from banks sending our stock market into freefall.Bet you cant guess who is involved in hedge funds...George Soros
ddevilsugar 3 years ago
A lot of these hedge funds use insane leverages too and most of them will be gone I am sure by the time this is over.
Doubt it was some conspiracy though although implicating that bastard Soros would be great. Most are excellent traders are had a sense that we were tanking. Wall St. knew in advance that this housing market was running out of steam. There will be jail time for a lot of folks that I am reasonably sure of.
arkadyka 3 years ago
True but Soros did make his fortune betting/hedging against Bank of England. I'm not a conspiracy guy but he did say he would spend all his money to make sure Bush wouldn't be re-elected in 2004.Something about the timing of all this dosen't seem right(to me)? Maybe I've been too wired in to politics right now and beginning to go a little crazy...lol.
"I know exactly where the currencies are going to but Im not going to tell that to you..." -George Soros,New York University,11-06-07
ddevilsugar 3 years ago
BTW...Do you know if the temporary ban on short selling included hedge funds?
ddevilsugar 3 years ago
The ban (which was an idiotic idea btw) extended on all financial stocks. Whether you are a hedge fund or not, does not matter -no shorting those stocks. They can't discriminate in that sense.
arkadyka 3 years ago
A little confused on your explanation but did get the drift.
Get ready for the "new" new deal america!Today our beloved congressional leaders sensing the public were seeing their corruption are calling for an emergency meeting to discuss another economic stimulus package.Once again manipulating emotions to save their own asses. Inflation be damned!Im sure we could all guess the talking points on this.I wonder who will sponser it...you dont suppose Barney Frank,Chris Dodd or(gasp!)Obama do you?
ddevilsugar 3 years ago
Kady, you make some valid points, but the FED is not part of the government. It is actually owned by the member banks. Now you have to figure out who owns the member banks, it's sharheolders. Once you connect the dots about the Fed, the Central banks in Europe, I'll guarantee your entire perspective will change.
wervasdeferens 3 years ago
The Federal Reserve was created by Wilson so it is a government creation. The main point is that the Fed did something that a naural market could not have. Which by extension can be understood that unless a govt agency is absolutely necessary (like DOD) we should get rid of it.
arkadyka 3 years ago
arkadyka, If you don't know who owns the FED,who controls our money supply, who we pay interest to, who prints our money, then you
don't get the overall picture.
52% of our debt is held by the Fed, 25% by foreign govt's.
If you research the owners of the FED, I'll bet you'd be amazed. They control our economy.
Just Google who owns the Federal reserve!
wervasdeferens 3 years ago
Ohio Senator, Warren G. Harding, who was elected to the Presidency in 1920, said in a 1921 Congressional inquiry, that the Reserve was a private banking monopoly. He said: "The Federal Reserve Bank is an institution owned by the stockholding member banks. The Government has not a dollar's worth of stock in it."
Woodrow Wilson said:
"The growth of the nation ... and all our activities are in the hands of a few men
Federal Reserve Banks are not Government institutions.
wervasdeferens 3 years ago
Good job of breaking down the history of the depression for the younger voter.
republicanrave 3 years ago
We really are doomed if Obama wins. We need smaller government. Anyone interested in a TAX REVOLUTION?
sendmethemoney 3 years ago 2
creaLEGOtor: Look man, you seem like a smart guy, but I get a sense you are just aguing for the sake fo arguing. You keep pushing the version of history that is incorrectly taught by many people and think you can find a source to disprove me. You can't.
Now you are trying to catch me on semantics. Yes the current Fed is doing a good job, does not mean I support gov't.
What you clearly dont get is that more govt introduces more errors. You either get it or you dont. You dont.
arkadyka 3 years ago
I thought he just said that!
antivoterfraud 3 years ago
i don't know if you are just grossly misinformed or retarded.
either way. learn to read. educate yourself.
i feel sorry for you and for myself for stumbling on to this half witted trite.
gday..and goodluck with ur fantasies.
baronderothchild 3 years ago
You are the misinformed one bro.....you need to read a book called "Free to Choose" by Milton Friedman. My man knows what he is talking bout.
the government did cause the Great Depression!
rhinz09 3 years ago
baronderothchild : that has got to be one of the most insulting, least thoughtful and idiotic comments I have ever seen.
complete and utter moron you are - people like you make me sick.
PoliticalLoopHole 3 years ago
Let's revisit New Deal facts. In '33, Pres Roosevelt inherited an unemployment rate of 25%. Govt programs by '41 (before WW2) reduced the rate as low as 10%. To paraphrase Obama, A 'catastrophic failure' we can believe in!
You claim "Hitler stopped the great depression". If, by that, you mean massive deficit spending on the military. Just because "military" is a different word, doesn't mean it's not "government".
Military spending, which is a wise government program, skyrocketed in the 40s.
creaLEGOtor 3 years ago
where did you get your facts? 10%? dont think so.
you skewed your facts bud.
arkadyka 3 years ago
pretty simple- look at wiki
creaLEGOtor 3 years ago
Well you are wrong. Also your first problem is using the wikipidea for your information.
arkadyka 3 years ago
Unemployment did fall to 9.66 percent from 1940-41'. However, this is because Pearl Harbor was attacked on December 7th and over a million young men entered into the armed forces in less then a month. Not to mention the millions of manufacturing jobs immediately created by the war.
fivestarmichael 3 years ago
I specifically stopped in 1939. Reason being is that war started in Europe and we began supplying Britain with goods.
arkadyka 3 years ago
And that is when the economy started improving. The New Deal gave out jobs which paid substinence wages. They might have helped bring up employment numbers and alleviate the effects of the Depresion.
However, industry getting back on track created real jobs, people worked long hours and there were few consumer goods... so people started saving money again. Real wages and money back in the banks saved the economy.
fivestarmichael 3 years ago
The new deal lengthened the great depression. WWII ended it
ddevilsugar 3 years ago
I don't know... I tried reading abstracts on Friedman and Bernanke's theories on the depression. It was so dry I couldn't really get through it. I think I need to find the cliff notes or the Reader's Digest condensed version.
fivestarmichael 3 years ago
The only thing that gov't can and SHOULD do is military spending.
arkadyka 3 years ago
Federal Reserve Chairman Bernanke is either wrong or right? He's either the solution or the problem. So which is it?
You blame govt for the great depression but praise Chairman Ben Bernanke for being a "student of history" and "flooding the system with cash".
Sounds like a huge govt spending program. Sure, you vomit at the thought, but you also realize Bernanke is attempting to avoid the mistakes of Great Depression.
Sen John McCain proposed a govt spending freeze-- except for military.
creaLEGOtor 3 years ago
This is madness... I can not believe I am sitting here sedentary witnessing the adulation of the masses for Obama and his social engineering project... Its akin to witnessing a train 20 minutes away from assailing a bus full of trapped people...
Its like a protracted panic attack
books1648 3 years ago
What a great mental image... I like it.
fivestarmichael 3 years ago
I don't think indoctrinating young people with this "change" idea is very smart.
It's like Hitler Youth for socialists.
We Republicans and Libertarians need to band together in order to stop this B.S.!
Keep the fight going, even if Barry wins, always demand capitalist freedoms.
Watch the news, read the reports, and stay alert if the Democrats gain such control.
GrievousCommander 3 years ago
i sure hope obama loses....or i might have to move
CledusTJuddfan 3 years ago
To where?
acb06172005 3 years ago
good point...i might become an astronaut and move to the space station lol
CledusTJuddfan 3 years ago
McCain/Palin 08
TrekkieAtlantis 3 years ago 3
if obama loses which he will i'll laugh.
but if he wins i'll still laugh because of what will happen.
futuresoldier897 3 years ago
if the great depression is any guide, then we might all be crying.
arkadyka 3 years ago
Thanks for the video. No more HARVARD, YALE, UNIV OF CHIGAGO or COLUMBIA lawyers, educators or public policy or international studies intellectuals forming Congressional Oversight Committees or Alphabet Soup Federal Agencies to "manage" our economy or society PLEASE! In fact, it might be a good idea to just CLOSE HARVARD LAW SCHOOL FOR AWHILE!!
focusfrost 3 years ago
notice that Ayers and Khalidi and Obama all teach/taught at UofChicago. Our top schools made it a point to train all of the world's socialists and terrorists.
Great.
They are so obsessed with racial equality they have lost sight of everything.
arkadyka 3 years ago
I really, really don't want to have to say 'I told you so' to my liberal friends. They're all taking me down with them.
tegthethird 3 years ago 2
The coming generation will be economic-debt slaves to the moguls who back Zerobama. The fix is in, and the dupes can't run fast enuf to vote for the scumbag.
hlwrites 3 years ago
The bottom line is, watch who the corrupt nations and Hollywood are pulling for to win the election and do the opposite. That alone is just about enough to guarantee that we won't get a complete idiot in the White House.
thegame55974 3 years ago
Problem is, a huge majority listen to Hollywood - since they do not have the mental capacity to understand that this is beyond "Bush sucks/McCsame bla bla "
arkadyka 3 years ago
We thank you for putting a college education to good use!
5*
cherrielane 3 years ago
They don't teach you this stuff in college :(
Or if they do, it has to be very specialized.
The conventional wisdom is that the wealthy got greedy and ruined this country. The Great Depression is a tool for the left to prove their communist agendas. Most intelligent people understand that communism does not work, most smart people KNOW it does not work. How many Americans lack both of those attributes - and how many of us have to suffer because of those Americans.
arkadyka 3 years ago
Another Great video
jediwill1974 3 years ago
lol, you threw up... hahah
lrn2wlk4life 3 years ago
Read ch 4-5 of "The Audacity of Common Sense" on my web site: audacityofcommonsense com 1933: FDR stole American's gold. Retirees who had saved gold were immediately plunged into poverty. I don't buy gold because if they did it once, they can do it again. Oh and btw, with a BO in office, the government can decide if you have too much money in the bank and simply seize it. If you think this cannot happen, you simply have too much faith in socialist. FDR was a socialist, and so is Obama
TuxLady 3 years ago
This is the kind of knowledge