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Posts:
423
From:
Indiana
Registered:
11/17/07
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(1 of 3)
Crash: The Next Great Depression?
Jan 2, 2009 8:08 PM
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I hear the same Democrat "we need more government" lies in the show "Crash: The Next Great Depression?".
The truth is that the Federal Reserve created the Great Depression, because the fed members were playing the stock market, and manipulated the money supply to make their stocks go up.
Roosevelt's programs didn't help because the money supply was too small. The penny was too large for being the smallest unit of currency.
The economy is bad today because governments are taxing the economy too much. 73 percent of the economy is now going into government coffers.
To compensate for the loss of revenue, state and local governments are raising taxes. This is killing the economy. We don't have the money to spend, because government took it. We pay 37 percent in direct taxes, and another 36 percent in indirect (business) taxes through product prices. That leaves us only 27 percent to live on.
The system is broken in these places:
- Too much of the economy is tied up in speculation. Speculation investments should be abolished.
- Too much of the economy is in government hands. The economy must run on the part that is NOT in government hands.
- We have too many levels of government. City and township governments should be abolished as money wasters. County government could do the same at a much lower cost (minus all the frills).
- It should be prohibited to spend ANY tax money on sports, the arts, recreation, entertainment, monuments, decorative architecture, and decorative landscaping. This includes public school spending.
- Real estate should not be allowed to be held as an investment.
- Government (any combination of governments) should not be allowed to take more than 10 percent of anyone's income. And remember that consumers pay all business taxes when they buy the products.
- There are too many regulations causing industries to close.
- The UN should dissolve OPEC as an illegal monopoly.
- Patents and copyrights should be shortened in length, so new energy technologies can be implemented without the costs of monopoly royalties.
- Real estate taxes should be abolished. They are government first, people last.
- When people can't pay their bills. government should not be first to collect. Government should be able to collect only after all private creditors are paid off, and then only if assets remain for the person to live on.
- Elitist building codes should be abolished.
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Posts:
423
From:
Indiana
Registered:
11/17/07
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(2 of 3)
Re: Crash: The Next Great Depression?
Jan 2, 2009 8:26 PM
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Did you notice how those ":economists" praised all of the unconstitutional programs Roosevelt created?
Government can't create wealth, even if it runs make-work programs. The only real source of wealth is working to produce a product for sale.
High taxes are driving business out of business, or overseas.
Living wage legislation is the worst thing that could happen for the economy. If there isn't money to pay for it, the job will be lost.
Liberals believe that businesses have all of the money locked up in bank accounts. If that were true, the banks wouldn't be failing. Government has all of the missing money, taken through too-high taxes.
Giving money to a person who refuses to work does not make that person wealthy. It destroys that much wealth.
We do not need to fund the arts. The production of art and entertainment that is not sold to the public on the open market destroys the wealth used to produce it.
Government must not limit profit. Without profit, there is no reason to hire.
Governments must not build convention centers or stadiums for sports teams. These should be private enterprise projects, or should not be done.
Economy of scale should always be looked at before condemning an economic practice. CEO salaries are a red herring. If the salary of an average CEO were redistributed among the employees of the firm, each would get a raise of about a nickel per paycheck.
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Posts:
1
From:
Conroe Texas
Registered:
1/25/09
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(3 of 3)
Re: Crash: The Next Great Depression?
Jan 25, 2009 8:11 PM
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YES...I TOO BECAME A MEMBER HERE TO POST ON THE PROPAGANDA THAT HISTORY CHANNEL PRESENTED TODAY!!
I have been researching this economic problem for several months now. And every time I am led back to the beginning of the sub-prime mortgage problem as the roots of this problem. A PROBLEM WHICH BEGAN WHEN DEMOCRATS INCLUDING THE CLINTON ADMINISTRATION PUSHED MORTGAGE LENDERS TO LEND MONEY TO THOSE WHO COULDN'T AFFORD IT. NOT ONE MENTION OF THIS!
It was clear to me this program did not want to show history for what it is. The History Channel clearly had a leftist propaganda agenda in this program. If it didn't, why leave out such a huge crucial fact? It was also clear they were attempting to tie George W. Bush to this crisis as the culprit and Hoover to the 1929 depression and then Democrats Roosevelt and Obama as the saviors of both situations.
I guess History Channel will go the same route as the liberal news media. No one watches them now because everyone knows objective journalism is dead. That's a shame because I used to love the History Channel. Now it will be viewed with skepticism as the main stream media is.
You guys just will not learn.
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