Obama Fear-Mongering: Recession might linger for years. Pass Stimulus Bill Now!!! Glenn Beck

Obama has frightened me into calling my congressman and demanding that he votes for this Bill no matter how big it is, no matter how much useless pork is in it, no matter how useless it will be at stimulating our economy. I told him that I don't care, I'm scared; just pass something, if we are going to go down, I want us to at least go down spending. OK that's not exactly what I said to him. In fact I pretty much told him the opposite. My representative is very conservative and will most likely not vote for this or any other stimulus Bill. And I don't blame him. Who can really assure me that this massive deficit spending on top of all the spending that we've already done is going to do anything to get us out of the mess we're in? If you can tell how it will, I will listen. But until then, Obama's fear tactics will not work on this guy, I am not afraid. jbranstetter04 Obama's Fear Mongering Barack Obama wants to frighten us into giving the federal government dramatically more power over the economy. However, not even his own advisers agree with his economic predictions. Obama said, "If nothing is done, this recession could linger for years. The unemployment rate could reach double digits." Of course it's easy to claim that something "could" happen. But Obama wrongly suggests a causal relationship. It is also true that "if something is done, this recession could linger for years" with double-digit unemployment. And everything about Obama's economic plans promises to undermine the economy, from trade restrictions to welfare expansion to new controls on energy and medicine. But here let us look only at the job picture. Interestingly, Obama's advisers released a paper the day after Obama's speech in which they claim unemployment will reach 9 percent "Without Recovery Plan" and only 8 percent with it. Well, they can claim whatever they want. The fact is that increased central planning threatens the economy. At least they admit: It should be understood that all of the estimates presented in this memo are subject to significant margins of error. There is the obvious uncertainty that comes from modeling a hypothetical package rather than the final legislation passed by the Congress. But, there is the more fundamental uncertainty that comes with any estimate of the effects of a program. Our estimates of economic relationships and rules of thumb are derived from historical experience and so will not apply exactly in any given episode. Furthermore, the uncertainty is surely higher than normal now because the current recession is unusual both in its fundamental causes and its severity. In other words, it's hard to predict the future. A lot of things "could" happen. The economy could recover relatively well despite Obama's grand schemes. But Obama's advisors fail to look at one source of error: the flaws generated by their own pragmatist/Keynesian pretensions. http://www.freecolorado.com/2009/01/obamas-fear-mongering.html

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YouTube | February 6, 2009

Tags:. .causal. .keynesian. .pretensions. .hypothetical. .pragmatist