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 The Economy Is Facing Some Tough............

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Abracadabra
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PostSubject: The Economy Is Facing Some Tough............   Wed 07 Sep 2011, 4:09 pm



Wayne Crews, a vice president of the Competitive Enterprise Institute and nationally recognized authority on federal regulations, wrote a commentary in The Washington Times in which he said, “Mr. Obama’s slate of yet more regulations is beyond merely alarming in this tense environment. The Federal Register already stands at more than 54,000 pages so far this year.”

Also, Crews noted that “Back in the early 1990s, the proportion of all regulations impacting small business stood at 14 percent of the total number of regulations. Today, 21 percent of rules impact small businesses—up three percent from 2009.”

Repeal Dodd-Frank. Suspend Sarbanes-Oxley until it can be reformed. Repeal Obamacare. Institute an immediate moratorium on new government regulations and take a machete (not a scalpel) to the current Federal Register.

We are witnessing the Democrats confession that the stimulus was a complete disaster and, by extension, that Keynesian economics itself is a failure. Bernstein cannot claim any positive results in the economy -- because there simply aren't any -- so he's reduced to fantasizing how things would have been worse without the stimulus -- the very alternate history he acknowledges he cannot know.

A major component of Obamacare is “totally unsustainable.” Those aren’t the words of Rush Limbaugh or Sarah Palin; no, those belong to the Obama administration’s own chief cheerleader, Health and Human Services (HHS) Secretary Kathleen Sebelius, in testimony before the Senate Finance Committee. The program in question, the CLASS Act or Community Living Assistance Services and Support Act, is a massive long-term elderly care entitlement program that was quietly tucked into Obamacare and never got anywhere near the attention it deserves.

In separate testimony last week, the HHS secretary admitted to double-counting Obamacare’s cooked books. The question posed was whether a $500 billion cut in Medicare should be counted toward preserving Medicare or funding the new law. Her own actuary previously acknowledged they must choose one or the other. Mrs. Sebelius‘ reply? “Both.”

The Keynesian pump-priming of Mr. Bush and the pump-flooding of Mr. Obama have been unmitigated disasters. The inescapable reality is that the government cannot create wealth and every dollar it spends must be taken from the private sector, which can. As Ayn Rand wrote, “You can avoid reality, but you cannot avoid the consequences of avoiding reality.”




Hope and change voters....do not forget to after you enjoy a  with obama Kool-Aid....sweetened with NutraHope!

Many people (that I know) are alive only because it’s illegal to shoot them.

Ronald Reagen said it best.......The trouble with our liberal friends is not that they are ignorant, but that they know so much that isn’t so.

"You can ignore reality, but not the consequences of ignoring reality." Ayn Rand

The truly educated never graduate !

When the Going Gets Tough, the Tough Get Going. The Smart Left a Long Time Ago.

I have always said I don't care what you do or with whom you do it, but don't demand that I think that it is normal or that it is OK!!!!

Only two things are infinite, the universe and human stupidity!
how rude

Defining....Abracadabra … cursing censored


Last edited by Abracadabra on Thu 08 Sep 2011, 7:20 am; edited 1 time in total (Reason for editing : add 1st two para)
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