{"id":3939,"date":"2009-01-09T07:38:45","date_gmt":"2009-01-09T12:38:45","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=3939"},"modified":"2009-01-09T09:02:33","modified_gmt":"2009-01-09T14:02:33","slug":"a-one-trillion-dollar-hug","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=3939","title":{"rendered":"A One Trillion Dollar Hug"},"content":{"rendered":"<p>Obama gave a speech yesterday. Word has it (I didn&#8217;t watch or listen) he discussed the economy in no uncertain terms.<\/p>\n<p>Let me guess though, I&#8217;ll bet he used the words &#8220;crisis&#8221; numerous times; I&#8217;ll bet he furrowed his eyebrows real good like and probably had a real ominous look on his face too.<\/p>\n<p>Were ya <em>scared<\/em>?<\/p>\n<p>Did he make you think you <em>need <\/em>him to save you? &#8230;that this crisis is too severe for you to solve it on your own? Did he speak of <em>sweeping<\/em>, <em>decisive<\/em>, <em>massive <\/em>and <em>immediate <\/em>action being required on the part of the federal government? Did you need a hug? A big government hug?<\/p>\n<blockquote><p><a href=\"http:\/\/online.wsj.com\/article\/SB123129443022559731.html?mod=djemEditorialPage\">These days<\/a> it seems like it is our patriotic duty to consume more. And if we don&#8217;t choose to spend more money ourselves, the government will do it for us.<\/p><\/blockquote>\n<p>Obama is building his case: You <em>need<\/em> big government. You <em>need<\/em> guys like him; guys that are smarter than you cuz they read more books, went to better schools and have more letters after their name. Guys that aren&#8217;t afraid to take massive, decisive action; to write <em>big<\/em> checks with someone else&#8217;s money.<\/p>\n<p>These problems, despite being undeniably caused by liberal policies in the first place, must be solved by the government. The government must &#8220;create&#8221; three million &#8220;jobs.&#8221; The government is the answer, no matter what the question, when you&#8217;re a liberal.<\/p>\n<p>Liberals can&#8217;t do anything if it doesn&#8217;t justify government&#8217;s growth and influence in our lives.<\/p>\n<blockquote><p>But wait a minute. Isn&#8217;t it excessive spending that got us into this mess in the first place? Spending more now seems like drinking Scotch to cure a hangover.<\/p><\/blockquote>\n<p>But what if the right thing to do right now is nothing?<\/p>\n<blockquote><p><a href=\"http:\/\/corner.nationalreview.com\/post\/?q=Y2M0NmQ5OWFlNWJiODc3YTk0MDI1OTdiMGJhMTVlN2U\">Here and there<\/a> are some small signs that the economy is at least bottoming \u2014 a crucial stepping stone to meaningful recovery.<\/p>\n<p>New orders, employment, backlogs, and exports all ticked higher than the previous month.<\/p>\n<p>The November factory-orders report showed non-defense capex rising at a 3.9 percent annual pace, the first increase in four months and the best gain in 10 months. Computer orders surged 12.5 percent.<\/p>\n<p>Commercial construction rose 0.7 percent annually in November, and is up 12.1 percent over the past three months.<\/p>\n<p>And in the November personal-income report, real disposable income jumped 1 percent for the month and is up 7.1 percent at an annual rate over the past three months. Real consumer spending in that report rose 0.6 percent in November.<\/p>\n<p>Additionally, the credit freeze continues to thaw. The three-month LIBOR rate is all the way back to 1.4 percent. And corporate bond rates continue to decline, a signal that private capital markets are starting to function again. The 30-year mortgage rate is holding around 5.3 percent.<\/p>\n<p>At a recent conference in San Francisco, academic economists were very pessimistic, expecting recession to last through the whole year. But easy money and low retail gas prices may be a lot more stimulative than the academics think.<\/p><\/blockquote>\n<p>The stock market says we&#8217;re already over half way through the recession, it&#8217;s up almost twenty percent since it&#8217;s low point in November.<\/p>\n<p>Americans are already saving more. Banks are amassing cash which they will lend as soon as their balance sheets improve.<\/p>\n<p>Unemployment has a <em>long <\/em>way to go to match Reagan-era suffering let alone Great Depression levels. Reagan came into office with <a href=\"http:\/\/www.bls.gov\/cps\/prev_yrs.htm\">7.6% unemployment<\/a>, it rose to 9.7% then fell to 5.5% on his watch.<\/p>\n<p>Riddle me this: How did <em>he<\/em> do <em>that<\/em>?\u00a0 How big was Reagan&#8217;s government stimulus? (It&#8217;s a trick question).<\/p>\n<p>Obama&#8217;s fear mongering is designed to set the stage for the hero to enter. The damsel in distress is you, he&#8217;s going to rescue you, and we all know what the hero gets to do to the damsel once he rescues her.<\/p>\n<p>It&#8217;s not enough for Obama to be the first African American President of the United States.<\/p>\n<p>Obama needs a legacy, and in the annals of history, the great liberals, the ones with  fist-pounding speeches and legacies, all did the same thing. Increase government, create ever more massive government spending and debt, and screw the next generation (or two or three).<\/p>\n<p>Obama&#8217;s 9\/11 is the economy and he is going to take the only action a liberal knows.<\/p>\n<p>The economy will improve. The free-enterprise system will come to the rescue like it always does. Capitalism will survive. It may have started already. Obama just wants the credit for it.<\/p>\n<p>You see liberals have just one lever in front of them, and they&#8217;re always itching to pull it whenever we give them the chance. Obama wants to pull it so hard, it will be in the history books.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Obama gave a speech yesterday. Word has it (I didn&#8217;t watch or listen) he discussed the economy in no uncertain terms. Let me guess though, I&#8217;ll bet he used the words &#8220;crisis&#8221; numerous times; I&#8217;ll bet he furrowed his eyebrows real good like and probably had a real ominous look on his face too. Were [&hellip;]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,20,64,51,69],"tags":[],"class_list":["post-3939","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-democrats","category-president-obama","category-liberal-tyranny","category-socialism"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3939"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3939\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3939"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}