This actually scared me...(revised)
There were protests all over the country today. Over what? Many of the participants weren't sure. Some held up signs complaining Obabma raised taxes...he hasn't, and has said he is going to consider not doing so....he is not an idealist, he is quite a practical individual...thank God.
I saw another sign that said... "I want my America back!" What?
The protest had the appearance of a "we hate everything Obama" rally. We have had torcher, an unnecessary war, the biggest erosion of personal rights in the history of the Republic (search and seizure w/o a warrant...warrantless wire taping, and suspension of habeas corpus to name three) in the last few years...and there was never anything like this! The fact that so many were clueless about the nature of the protest scares me as all of us can be manipulated to do all kinds of crazy things. Nazi Germany started as a conservative movement, many members claiming to be Christian. Don't think it can't happen here...anything can happen here.
A good friend of mine who participated today said it was more a rally to protest spending. I guess that's okay, but I did not get that impression when I drove by, or from the local news (FOX). It's also my opinion that we would have had the financial system seize up (no cash available) and be in a horrible depression right now if they had not passed TARP, flawed as it was...and massive government spending...we are still looking at a wicked deflationary problem if the economy does not turn...mark my words...
I'm not putting details here explaining why I think deflation is a bigger problem that inflation; however...email me privately if you're interested, and I'll back it up.
My friend Rob brought up the Fair Tax today...maybe that is a part of a solution...
Bottom line? We all need to be careful of what we wish for.
I saw another sign that said... "I want my America back!" What?
The protest had the appearance of a "we hate everything Obama" rally. We have had torcher, an unnecessary war, the biggest erosion of personal rights in the history of the Republic (search and seizure w/o a warrant...warrantless wire taping, and suspension of habeas corpus to name three) in the last few years...and there was never anything like this! The fact that so many were clueless about the nature of the protest scares me as all of us can be manipulated to do all kinds of crazy things. Nazi Germany started as a conservative movement, many members claiming to be Christian. Don't think it can't happen here...anything can happen here.
A good friend of mine who participated today said it was more a rally to protest spending. I guess that's okay, but I did not get that impression when I drove by, or from the local news (FOX). It's also my opinion that we would have had the financial system seize up (no cash available) and be in a horrible depression right now if they had not passed TARP, flawed as it was...and massive government spending...we are still looking at a wicked deflationary problem if the economy does not turn...mark my words...
I'm not putting details here explaining why I think deflation is a bigger problem that inflation; however...email me privately if you're interested, and I'll back it up.
My friend Rob brought up the Fair Tax today...maybe that is a part of a solution...
Bottom line? We all need to be careful of what we wish for.
posted by Jim at 9:37 PM
3 Comments:
It is true...the protest was about excessive deficit spending. It is out of control. Taxes will be out of control soon.
As individuals and a country, we must stay within our budget.
Fair tax simply stated: abolish income tax and tax only a "consumer purchase" - a retail tax of 23%. Grocery and medicine excluded. So, when you buy a boat, car, shirt, go to a movie, concert or restaurant you are taxed. Don't want to pay tax? Stay home, delay purchases, save money, build wealth.
A lot of preaching to the choir at these things. Same people who hated Obama before the election, hate him now. Only media that gave it any attention is FOX news - again preaching to the choir. A lot of political posturing. The cluelessness is sad though.
Agree - if not spend money to hold up financial system, would have crashed and be in worse shape - even Bush knew that.
Have been reading about 1929 crash and Depression - similarities are eerie.
belated reply. not much to add beyond i generally agree. many people on the right seem to be overreacting re: Obama.
if all of these folks were so against spending, why didn't they protest on Bush's watch? he contributed greatly to these troubles that many now feel we need to spend our way out of.
Fair Tax looks ok to me in principle, but is it politically feasible?
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