Stimulus for Whom

In response to President Obama's speech tonight, the following article should be taken into consideration, written by Paul Craig Roberts. Contained within this article are also some pertinent insights from Michael Hudson, an economist who served as an advisor to the Kucinich campaign. Roberts is by no means a 'liberal' shill, having served both under Reagan and the Wall Street editorial board in the past. Yet, both agree, that the current proposals on the table, will NOT solve the current economic crisis in the long run, and may in fact, make it worse:

http://www.counterpunch.org/roberts02182009.html

Category:

News & Politics

Tags:

• Obama
• Economic
• Plan
• Stimulus
• Depression
• Bailouts
• Banks
• Nationalization
• Free
• Market
• Financial
• Elites
• Rip-Offs
• Fraud
• Class
• Warfare

[LouieArrighi]

spreading the wealth to the elite isn't socialism for the people. too bad Americans hate real socialism.

[fckuvrymch]

clowns... heheheh

thats what i call em too. :D

[joshman52]

I think the american people should take their thunmbs out of their As@#$, wake up and elect a government that is actually FOR the people and leaders of neighbourhoods no leaders of city's, states, and countrys!

[MustacheVerra]

Ella, out of respect for you, i will not post about conspiracy on your vid. But i have to tell you that in these last days i have heard Obama, president of France, England, Germany and others talk about "global financial reform" . I've even heard some of them talk about this crisis as an opportunity to do things they would otherwise not be able to do. That is no accident! lol... I did it again!

see below...

[MustacheVerra]

You see, Ella, you though calling me a kooks was the insult but you missed the really good part. The ''it's no accident...'' phrase is something I've been saying a lot lately. Under a different name in different forums actually. It's a little mind game their playing. And guess when it all started? What is the one group you cant criticize? Remember what happened to Joe? That's right! That's when it all started. ;)

[MustacheVerra]

Yes I've noticed how you said opponents and not enemy, don't worry i got it. ;)

But who are the opponents you were talking about? Do you mean China? You seem to think we should confront them, can you clarify what you meant exactly here?

[Mkundera]

Still waiting for that cogent argument...

Uh, the American Revolution was in 1776, the FR came in 1789 and lasted through the early 18th century. This nation was hardly "founded on the precedent of the French Revolution," but thanks for playing.

[Mkundera]

Simply hogwash, labor unions did not create the middle class. For heaven's sake, the US has the largest middle class in the world and barely 12% of workers are unionized (and a huge percentage of those are government workers). Unions create far more havoc than than good - trying as they do to win through politics, intimidation, and corruption, what they cannot win in the market place. How else does a high school educated auto worker make 70k a year? Certainly not through market forces.

[Mkundera]

Come on Ella, even you are above the straw man approach.:) No one said anything about slavery. Nothing I have said would condone selling human beings against their will.

I would still like to hear a cogent argument against the right to think, create, trade, invest, and keep the fruits of one's labor. The ideas you espouse would create a far greater tyrrany than anything we have in this country today.

And I would say there is at least an even chance I know as much about the FR as you do.:)

[Mkundera]

My friend, it isn't even a question of what I am "willing" to do. We must confront our opponents (I do not say enemies) as they are, not as we wish them to be. I wish we could simply pull up the drawbridge, pass protectionist legislation, and maintain our standard of living for all time but that will not work for long. If a worker from another country is as smart as you, will work harder, for less money, that is a real problem. All the unions and lashing out at central banks will not change it.

[MustacheVerra]

Well you cant but i can. besides we're beyond influence here. the main stream is as much a PR and propaganda tool. Yes it's that bad.

BTW' there wouldn't be a need for unions etc.. if central banks like federal reserves were in the hands of the people as they should. In the hands of private bankers it the whole problem as they print money backed by nothing and charge interest on it on top of that!

[MustacheVerra]

So you willing to work for half or even less to compete with China?