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While it isnt shown in the above video, Rick Santelli also called for a "Chicago Tea Party". [You can watch the whole video here.]
Anyone ready to put on some war paint?
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Forget war paint – it’s too late, the time has come to abandon ship. The people of the U.S. have spoken, and if you’re middle class and have any savings, the Democrats and the people who elected them want that money and are going to take it, right now.
Obama and the Democratic congress spent 33% of the entire federal budget for 2008 in the first month of the new administration (if you want to argue that including TARP it’s only 1/4 or some other two digit percentage, fine, the point stands), and are now proposing to up that by another 10% to prop up their campaign financiers, the NAR and home builders.
The great redistribution has begun.
If you’re middle class and voted to give the Democrats full control, enjoy, and when the country has long term double digit unemployment, tax rates doubled from where they are today, a dollar worth a fraction of what it is today, and rationed health care in 15 years, like every other socialist country where the government controls such a huge proportion of GDP, remember, YOU VOTED FOR THIS.
Here’s hoping I still have a few bucks left in my bank account by year’s end to leave this place.
Igor says “crazy” and I agree.
yes….this is, of course, the democrats fault. they were, after all, the ones that have been deregulating everything for the past 20 years, which is why we are where we are. they were also the ones who gave ridiculous tax breaks to go out and buy the GIANT suv’s (which many bought with their helocs). wait….i’m mistaken….that was done by the republicans. i hear it before and after every election (from both sides). “if bush wins again i’m goin to canada” or “if obama wins i’m goin to brazil.” if you don’t like this great country (regardless of who’s in control, or wether you are dem pub or neither) then go. we’re not holdin you hostage?
yes igor…it’s “loony”
Come on people-no bickering. There is no difference between the R’s and the D’s. There is just the Washington Party and all they do is spend, spend, spend. One party wants to rule over the population of the rest of the world and the other party wants to rule over the population of this country.
Actually AZSALUKI, they have controlled the legislative agenda for most of that period, but in any event, it’s not a question of how we got where we are, but where we are going from here. Even if it’s the fault of the Republicans that we are where we are (and while I don’t believe that, FYI, the Republicans certainly have their issues as well, they have taken 2 steps back on civil liberties and consumer protection and on many other fronts), they would not be attempting to increase the size and scope of the government dramatically in response to this – this is what I am objecting to.
However, I know I’m in the minority here – apparently you, like many others, agree that the government’s share of GDP should be increased by 50% from where it is now.
Ok, well, we’ll see what the effects of this on the economy are over the next couple of decades. I guess my own bent is obvious – government rarely met something that it couldn’t screw up IMHO, and massively increasing the size of government, scope of regulation, and level of control over the economy and our day to day lives doesn’t seem likely to increase the well being of the people.
desert rat -
Totally agree. In fact, the whole “R vs. D” thing is just another way to manipulate people. We humans apparently like to separate things into groups and classify them good or bad – so as a politician why not use that to your advantage and pretend like you can group good politicians into R (or D) and bad ones into D (or R).
IMO, anyone voting solely on party lines should have their voting rights taken away. Vote based on if they can do the job. Of course, sometimes (usually?), none of the candidates can.. that’s a little tougher..
look…..i’m not tryin to bicker or bash republicans. i thought i pointed out that i hear it from both sides? i’m just tired of seeing the new guy get blamed for all of the crap he was handed. and jim, you may be unaware, but republicans controlled congress from 94-06 (and in 07-08 everything that hit Bush’s desk got vetoed). i beleive that 12 years is “most” of the past 20 years? the point i was trying to make is that people that wish to leave this country are free to do so. that’s all. i’m not a fan of this spending either. i’d rather spend the TARP money on legal fees to prosecute ALL that were involved…..agents, buyers, sellers, lenders, etc.
Not sure where you get your info but the U.S. Senate was controlled by the Democrats in 2001-2002 after the Jeffords debacle, and in any event this is once again beside the point.
Neither I, nor most others that I’ve heard, blamed Obama or the Dems for “the crap he was handed.” Read my post. We blame him and his party, properly, for the extra nine hundred billion dollars he spent this week, and the extra two hundred seventy five billion over that they proposed to spend this week. You voted for it knowing exactly what they would do – don’t pretend to disagree now.
jimatlaw
>>”the extra nine hundred billion dollars he spent this week”
We’re not asking much – just that you think about it – just a LITTLE.. WHY do you think a president would have to spend so much so early on. HINT: He’s only been around a month, and he is cleaning up what George W Bush and his band of geniuses left behind.
>>”You voted for it knowing exactly what they would do – don’t pretend to disagree now.
”
You act as if the Republicans would have done something miraculously better to clean up the huge, stinking turd of a mess that George W. Bush left behind. Tell us, what would that be then? Tell us the magical Republican plan that would get us out of a mess the GOP got us into?
Perhaps putting everybody’s retirement funds into a Bernie Madoff stock portfolio?
Think back to Sept 18, 2008, when the US economy was a couple of hours away from total collapse? Whose watch was that under – GOP. In case you haven’t noticed, that mess is still a long ways from being cleaned up.
No matter if you can’t see the truth, though, cause the American people sure can.
I’m with Desert Rat and Linenoise-
I couldn’t with a straight face say that either party has done a great job in the last 20 years, or that I felt they had reasonable solutions.
I keep thinking there must be a better way to run our elections. I think there’s something like 330,000,000 people in this country, and the best we could do was a choice between Obama and McCain?
Maybe it’s just that we have the government that we deserve- we’ve settled for politicians when what we need are statesmen.
Obama and McCain’s campaigns sounded like different paths to the same grim, overleveraged end.
There was a massive stock bubble built on Clinton’s watch, and a housing bubble inflated to mask the pain from that fallout under Bush’s regime. All along, too much money manipulation for any of our pea brains to really understand coming from the central bankers and other unelected officials.
Looks like plenty of blame to go around. Frankly, we’re getting what we deserve for being more concerned with McMansions, flatscreens, and SUVs than prudence and liberty.
MikeC:
> We’re not asking much – just that you think about it – just a LITTLE.. WHY do you think
> a president would have to spend so much so early on. HINT: He’s only been around a
> month, and he is cleaning up what George W Bush and his band of geniuses left behind.
HINT: You’re ASSUMING he would “have to spend” so much. He didn’t HAVE TO. He, and the people who voted for him, CHOSE TO. Your assumption that dramatic expansion of government is the solution to our problems belies your core beliefs. We are simply not going to agree, not much point in belaboring it further.
> You act as if the Republicans would have done something miraculously better to clean up
> the huge, stinking turd of a mess that George W. Bush left behind. Tell us, what
> would that be then? Tell us the magical Republican plan that would get us out of a
> mess the GOP got us into?
Again, you unhelpfully start by characterizing the GOP as having caused the problem (it couldn’t possibly have anything to do with natural economic cycles, or with the Community Reinvestment Act or other Democratic actions…), thus… what? Whatever the Democrats say is the obvious solution?
IMHO, doing NOTHING and letting the market correct on its own (e.g., allowing housing prices to fall, rather than artificially supporting them as the Democratic party and you apparently favor) would be much preferable to drastically expanding the scope of the government. Who knows, perhaps I’ll be wrong, but most of my interactions with people working for the government are pretty negative and very wasteful – the DMV, the IRS, various permitting agencies, and the municipalities for whom I’ve done thousands of hours of work over the years. Increasing the government share of GDP by this much, including dramatic expansions in funding for programs that will now be grown permanently, will necessarily involve very large corresponding increases in taxation and regulation, and for my part, lots more taxes and regulation are not things I want in my life. Obviously I’m in the minority here. So be it.
Igor says I’m “sulky” – I suppose so.
Twist,
“in the last 20 years”? I think the Washington “Oh look, we’re in control” spend, spend, spend practices go back a lot further than 2 decades.
jim,
“natural econominc cycles?” i’ll give ya that possibility. but the CRA???? really? a bill that passed over 30 years ago and aparently has been ok through 4 presidential terms (2 R’s and 2 D’s) has all of the sudden, possibly caused this?
and no igor…i’m not “bitter.” i truly do enjoy ALL of the opinions on this sight. you’ve got all walks of life here and many different takes on these issues. it’s the reason i visit daily.
AZSaluki-
We’ve got the best posters out there. Too often I check the comments elsewhere, and the comments look like:
Commenter 2: Well you’re a *%$#@%$ if you believe that…
My opinions have changed and shifted based on the information that I have learned from all the sharp minds that stop by. I think that kind of learning and shifting doesn’t happen much when the insults get flying.
My thanks to everyone here who manages to have strongly divergent views, but keeps it all civil.
twist,
yeah….once in a while i’ll read a good article or blog on other sights and then get to the comments (which i normally enjoy much more than the article or blog) but stop after 5 of the first ten comments are the same three guys screaming obsceneties at each other (or their affiliations). it is pointless to even jump in on those threads (although i do get a chuckle at how upset some people get when their opinion is questioned….it’s like whe i witness road rage…..i just gotta laugh and drive on!).
AZSALUKI+jim:
““natural econominc cycles?” i’ll give ya that possibility”
I won’t! The economy is just a cyclical weather pattern that must only be observed and cannot be avoided or influenced. We cannot and should not ever throw up our hands and say, “Well that’s just part of a natural cycle!” – and especially not with a man-made entity.
There are people and actions responsible for the circumstances that have led up to today!
The economy is man-made, for cryin’ out loud!! (Perhaps the “natural” part of the cycle is that we should believe that it is part of the “natural political cycle” for the people to vote in a completely fiscally irresponsible president every 100 years ..yes, like “W”?)
But seriously, in my opinion saying that the economic status is just part of the “cycle” is a cop-out, especially given the level of de-regulation, tax-cuts for the rich, and ballooning deficit we saw in the last 8 years. Is anybody really not able to connect the dots there, see the consequences from such actions leading to today’s problems?
Natural cycle…such a convenient catch-all.
One may as well just say that anytime you hear the latest stats on anything, like violent crime in your neighbourhood – “Oh, three murders so far this year? Yeah, that’s just part of the natural cycle! That happens every year. Let those criminals go…they were just part of that natural cycle”
And Jim, if you truly believe your “Natural Cycle” argument… then you must realize that it is utterly useless for you to have started this thread attempting to lambaste Obama for his Bailout package…
after all, it follows that Obama must also be part of a natural cycle too (a president trying to wipe up the mess left from his predecessor… a-la Great Depression).
Yes, Igor, that is “crazy”.
correction: The above should start with:
“The economy is NOT just a cyclical weather pattern that must only be observed and cannot be avoided or influenced. “
Nobody said or implied it couldn’t be influenced Mike. But yes, of course, you’re right, Bush caused everything, there was no enormous stock Bubble during the Clinton years before Bush even took office, Bush controlled the economy, Bush made those banks make loans to people who couldn’t pay them back, Bush made people take out loans they couldn’t pay back, it’s really all Bush’s fault. And of course, the solution is a centrally planned economy! If Obama just controls all spending, productivity and efficiency will increase, just like at the DMV, and everything will be fine!
Like I said, if you start with the core belief that more government is the solution to our problems, we are not going to agree. Frankly, with logic like equating a particular spending decision to economic cycles, I don’t even know how to respond. Be well, enjoy this time – your people are in charge, so be happy, they’ll no doubt fix everything for you.