Comments on: Ho ho ho

By: Unsk

Unsk — Wed, 10 Dec 2008 15:36:13 +0000

LJ-
Deflation is an economy killer. Those cuts in prices in reality means little or no profits, and often losses to manufacturers, wholesalers or retailers. Losses quickly translate to job cuts. Those job cuts then snowball into more losses at the retail sales end, which mean more job cuts until the economy reaches an equilibrium.

Capital and thus credit is the lifeblood of a capitalist economy. The economic destruction caused by the frozen credit markets has quickly spread beyond the housing sector into almost every sector of the economy. Our Dear Leader’s sily new New Deal does not address the economic problems at hand at all. It’s a joke.

Fred is right; at some point the Fed will resort to just printing money. But the real question is how much government borrowing will the markets take. Nobody knows. We may be headed into a situation with deep deflation, enormous job losses, higher interest rates, tight credit and a debased currency all at once.

BTW, I tend to disagree with Peter. The sooner conservative Republicans get control on Congress the better. Two years are much better than four. We may not be able to wait four years to remove Obama. There may be nothing left.

By: weSwinger

weSwinger — Wed, 10 Dec 2008 13:28:32 +0000

mongoose is right to a point: except that there is no identity principle Republican = Conservative. That is what we need first. Drive the ivy league nincompoops and country club corporate favor seeker circle jerkers either into the Democratic or the Libertarian party with leadership like Jeff Flake in Congress, and then raise a conservative voice saying NO NO NO, Hell NO.

The alternative media is our voice, may it thrive.

Foghorn Leghorn, heh. “I’m not a chicken. I’m a chickenhawk!”

By: A Conservative Teacher

A Conservative Teacher — Wed, 10 Dec 2008 11:11:35 +0000

Thompson is trying to come off as Reagan, but it doesn’t work, for one main reason- I’m not the bad guy. You never blame people for ‘living above their means.’ Now, I might think that you and you and you are living above your means, but I’m not, so don’t accuse me of it. I might think government is living beyond its means, but my family isn’t, so don’t even imply that we are.

There is a lot I like about Thompson, but the subtle hint in his addresses that I might personally be responsible isn’t going to work politically, and it shouldn’t- America is great, it is just the government that is bad, and you have to hold to that ideal no matter what.

By: veracious

veracious — Wed, 10 Dec 2008 02:57:46 +0000

Sadly, USA has become the land of the pretenders. Acting and actors are the most respectived things around town. Real doesn’t matter, it’s the image that one should trust; the facade.

Hit me long ago that when you spend a enough of your time watching pretense (movies and such); the only way it’s any fun is if it seems real. So, we taught our brains to believe it all. Short circuited the safety mechanisms… it worked so well we’re now easily fooled by fake pretending to be real.

By: Chicago Boyz » Blog Archive » Thompson on the Economy

Chicago Boyz » Blog Archive » Thompson on the Economy — Wed, 10 Dec 2008 01:38:44 +0000

[...] Belmont Club links to Fred Thompson; I wish that rumbling voice was going to do Saturday addresses for the next years. Thompson, the father, concludes with an equivalent of Paine’s remarks. [...]

By: LJ Miller

LJ Miller — Wed, 10 Dec 2008 00:59:17 +0000

If by deflation you mean lowering prices, then what’s wrong with that? I think that lowering prices, like what we see with high tech, are a good thing for everybody. This year I could get a 50″ TV for what I spent on a 32″ two years ago. What’s the problem with that, or with gas prices at $1.449 this morning instead of $3.999 only a couple of months ago? If by deflation you mean reducing the money supply, that has already happened. The banks had been lending out $30 for every $1 in the vault, which made the total money supply 31 times the actual currency in circulation. Now they are only loaning about $1.2 for every $1 in the vault, for nearly 100% reserves. This has deflated the money supply by about 30 times. Given that you or I would be prosecuted for fraud if we lent out $30 for every $1 we actually owned, I don’t see this as a bad thing. I’d argue that deflation is actually a good thing. It encourages savings and investment, lets people know exactly what the value of money is, and demonstrates in prices exactly how much better things will get in the future. Sure it stinks to have debts under deflation. But then again, it should always stink to have debts and the inflationary spiral is not a sustainable solution.

By: Eggplant

Eggplant — Tue, 09 Dec 2008 23:09:55 +0000

Robohobo said:

“If by competent you mean one that catches the eye of the ADD riddled children that elected 0bama, then yes.”

What constitutes the majority of the American people?

Hint: It’s not rocket scientists with doctor’s degrees.

By: Eggplant

Eggplant — Tue, 09 Dec 2008 23:04:21 +0000

Alexis said:

“I think the Fred Thompson’s biggest obstacle to the Presidency is that he sounds too much like Foghorn Leghorn.”

I knew there was something familiar about him.

Who reminds you most of Pepe Le Pew?

By: Lifeofthemind

Lifeofthemind — Tue, 09 Dec 2008 22:22:52 +0000

@Alexis,
Are you kidding? That isn’t a bug, its a feature.

By: Alexis

Alexis — Tue, 09 Dec 2008 21:51:04 +0000

Eggplant:

I think the Fred Thompson’s biggest obstacle to the Presidency is that he sounds too much like Foghorn Leghorn.