Archive for the ‘Deja Vu’ Category
“An angry China warned Washington on Tuesday that passage of a bill aimed at forcing Beijing to let its currency rise could lead to a trade war between the world’s top two economies.”
Looking more and more like the Depression era trade wars.
“Obamaʼs “soft” comment, and its political circumstances, echo a controversial speech by then-President Jimmy Carter. In July 1979, Carter declared that “in a nation that was proud of hard work, strong families, close-knit communities and our faith in God, too many of us now tend to worship self-indulgence and consumption.”
The speech was lated dubbed the “malaise speech,” even though it did not use the word.
Carter gave the speech as his polls were falling, and the countryʼs economic crisis was worsening while energy prices rose.”
It’s because of you, Mr President.
In August 2009, President Obama was very clear that we shouldn’t raise taxes in a recession. So why does he want to increase them now?
“That’s irresponsible. It’s unpatriotic,” said candidate Obama.
It’s only wrong if others do it.
“Treasury Secretary Tim Geithner said Tuesday there is “no risk” the U.S. will lose its top credit rating amid a new analysis that revised its outlook on American debt to “negative.”
This was said in April. Anyone else losing confidence?
“It’s a curious position, given the anemic economic growth and rising unemployment. And it’s even more curious considering that Obama himself has warned about the deleterious effects of raising taxes in a struggling economy.”
Which is it Mr President?
In 2006 every Democrat, including Obama, voted against increasing the federal debt limit.
Inside Politics: A hard-earned lesson.
“Democrats like Ted Kennedy and then-Senate Majority Leader George Mitchell crowed publicly about how the rich would finally be paying their fair share.”
Remember the luxury tax in 1991?
This is very comforting to know. Fed chairmen disagree and the QE’s continue….