How Obama's Economic Policies Measure Up

http://www.theresident.net - If you think our economic situation is the worst of all time; if you think President Obama's strategies are tactics of communist takeover; if you think we desperately need to shut down the Fed; or if you think taxing the wealthy is sheer socialism, then you should really watch this piece. Those who do not know their history are destined to repeat it, people.In this piece, I visit the Museum of American Finance's brand-new exhibit, "Checks & Balances: Presidents and American Finance," which focuses on how five past American Presidents handled an assortment of financial crises.

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News & Politics

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• Museum of American financ
• those who don't know the
• economic policies of Ame
• wall street
• occupy
• the resident
• lori Harfenist
• theresident net

[edlitz36]

@theresident Sorry, Lori, but you're the one who needs a history lesson. The Fed operates under the protocols of fractional reserve banking. Printing monetized instruments of debt lacking any collateral at all. The very notion that the deficit will ALWAYS exceed the principal (money supply) due to the implementation of compound interest is inherently corrupt.

[edlitz36]

@theresident Continued... These flaws ensure that inflation and debt collapse (bankruptcy) are inevitable and literally built into the system, given that there's NEVER enough money in circulation to pay back the outstanding loans. How could you exonerate our current system that transfers full power to the banking cartels which caused our current economic turmoil and ensures social stratification?

[halflifeproductionz]

i wonder what the paulites think of this.

[streetcornerprophet]

The Federal Reserve needs controls. Neither the President nor congress can unilaterally loan hundreds of billions of US dollars to foreign nations the way the Chairman Bernake did two years ago to European nations regardless if it was paid back or not. That is not constitutional. Is the Fed incapable of error or corruption? Absolute power corrupts; the 'Fed' has too much power and too little oversight and accountability. Your witty, cute and crafted these vids well but they lack in facts.

[razerfish]

This clown is trying to convince us that the FED is necessary? Look at the value of the dollar without the FED and its value since the FED has managed it. Yeah, the FED is necessary. This Resident is a dumb bitch.

[Galileus070]

Normally, you can get out of debt is if you raise more money and spend less.

[Genrealmonup]

I still think the nation should go back to the ideals it was founded on.

Freedom, low taxes, and the damn goverment getting out of OUR bussiness.

We need to shut down the feds until they can DO that... Not taking weeks in a room yelling and bitching about some resouloution that never gets passed and after that, all those rich LIBERAL men go on vacation to flippin Hawaii.....

Damn those Liberals........ You think spending money is going to fix ALL your problems....

[YaHuWaHservant]

During FDR's presidency his own secretary of treasury noted that after 8 years of trying to spend our way out of this depression unemployment is the same as when we started and the only thing which has changed is our bigger debt. Government spending does not stimulate the economy. It was only after the forced austerity of WW2 and the conclusion of massive government spending upon it's completion that our nation got back on track economically. The New Deal was a failure: /watch?v=xWAgt_YCNuw

[danielvincentkelley]

@blacklite911

We NEED DIRECT DEMOCRACY, that the massively murderous screw over be halted. It's THE ONLY WAY. Anything else will surely be a temporary solution and allow for continued then expanded corruption. Beyond direct democracy we need a sustainable economic system as only Calorie Economics is capable, by it being EXACTLY fair. So long as the economy screws anybody over by design, the economy will erode society eternally.

[danielvincentkelley]

The People can't JUST be in control. The People MUST be SMART and IN CONTROL for things to work out nicely for everybody. Why would SMART people agree to arbitrary valuation of their work? OBVIOUSLY work NEEDS to be measured SCIENTIFICALLY in CALORIES. That way the economy can be calculated to an equation where work input equals product, that EVERY worker gain EXACTLY their work effort out of the economy as the work and the product are measured in terms of human work calories.