WUI (Writing under the influence)

Just to finish our discussion of FDR's policies:

And 1938 and 1939 were also the years when Roosevelt’s advisers began to insist that he give up on his abuse of business and stimuli. As the despairing Treasury Secretary, Henry Morgenthau, told the House Ways and Means Committee in May 1939:

We have tried spending money. We are spending more money than we have ever spent before, and it does not work. . . . I want to see the country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say, after eight [sic] years of this administration, we have just as much unemployment as when we started . . . and an enormous debt to boot.

Calls for investigation of the financial meltdown will of course be answered, right? Not as long as it may turn out that Democrats were at fault.

Buffet says the economy has fallen off a cliff. No, Mr. Buffet, the economy was pushed off that cliff with a nice, juicy kick in the ass.

Quote of the day:

"Obama is brazenly doing what the left accused Bush of: cynically using the first major crisis of his presidency as an excuse to pursue his own ideological agenda. But as evidenced by the lack of major terror attacks on U.S. territory since 2001, Bush at least did what was necessary to answer the immediate crisis. Even Paul Krugman acknowledges Obama has fallen short on that score."

James Taranto in BOTW referring to Krugman's column. Krugman, btw, is a dishonest economist and bad professor. I don't know if he is an emeritus.

Think about this:

"In less than 50 days, Obama has spent more than three times the cost of the entire Iraq War so far. This year, he will more than triple the largest deficit of the Bush era."

If Iraq War was so bad, why isn't this?

So somebody tries to defend FDR and gets spanked so badly in the process he should retire (and become emeritus) from revising history and economics.

Americans' short attention span that was used so effectively by the media against Bush will sink Obama. Americans don't have the same patience that allowed FDR to go through his 3 terms screwing up the economy left and right. No matter how the media will try to cover for Obama, Americans will not care.

So the first 25 jobs created/saved are government jobs and we should be happy, right? At least these guys are police officers as opposed to pencil pushers but show me 25 private-sector jobs and I will be impressed.

Obama, you are a thief. You meant to kill the market. You want to kill our spirits. You want us to become slaves. How ironic!

"The larger point is that economies don't spiral down forever without a reason and without policy encouragement. What's worrying about the plunge in equities since January 2, and especially in the last week since Mr. Obama released his radical budget, is that it has come amid the unveiling of the President's policy agenda. Equity prices have reacted to those proposals by signaling that they expect a much deeper and longer recession.

The optimistic message in Mr. Cogan's comparisons is that recessions eventually end. How long they last, and how severe they get, depends in part on the choices our leaders make. The choices that Mr. Obama and Congress are making so far are not contributing to confidence, much less to recovery."

An honest economist and, yes, even a professor, repeats almost word by word what I said in my column. He just does it so much better. You know, he is a real professor.

Democrats will invent facts if they have to just to nationalize as much of the private sector as possible.

If only Barney Frank allowed for an honest investigation instead of what will for sure be grandstanding. This story is so heartbreaking I'm lost for words. Notwithstanding the terrible mistakes, the investigation should teach the rest of the government and especially our Democrat Congress what honesty looks like.