Deficit Reduction Scam? Barack Rand Obama Paul?

Much of the deficit reduction may be a scam. Banks have been repaying the government, using money from QE. Moreover; From the Wall Street Journal today: "The sequester is squeezing the very programs liberals care most about—including the National Endowment for the Arts, green-energy subsidies, the Environmental Protection Agency and National Public Radio. Outside Washington, the sequester is forcing a fiscal retrenchment for such liberal special-interest groups as Planned Parenthood and the National Council of La Raza, which have grown dependent on government largess..... Liberals had hoped that re-electing Mr. Obama, the most pro-spending president since LBJ, would unleash another four years of Great Society government expansion. Instead, spending caps and the sequester are squashing these progressive dreams. Welcome to the new fiscal reality in Washington. All Republicans need to do is enforce the budget laws Mr. Obama has already agreed to. Entitlement reforms will come when liberals realize that the unhappy alternative is to allow every program they cherish to keep shrinking." What is there to celebrate? That we don't need to elect Rand Paul to the White House, because he is already there, and has already enated his program? PA

Transient Stimulus, Permanent Improvement: Much Feared.

Paul Krugman argues that stimuli are not permanent. I observe, though, that their results can be permanent, for the best. Even president Hoover had advanced the start of the construction of the colossal Hoover dam, to provide jobs. Although a stimulus is not permanent, the tasks it accomplishes can be. To wit the Hoover dam, and many other public works of the 1930s, let alone the Interstate FREEway system of general-president Eisenhower in the 1950s. And so it is around the world. Germany uses Hitler's autobahns... And Volkswagen (another Hitler creation) is still around... The same holds for the most major Japanese companies, created by Japanese government programs, starting in the 19C... all the way to American directed stimulus in Japan in the 1950s. All the Very High Speed train projects, in France, Japan, Germany or present day UK, all started as government programs. And also Boeing and Airbus. The Marshall (another general, used to be Eisenhower's superior) Plan was another example of transient stimulus, with PERMANENT consequences. In democracy and related regimes, the ultimate boss of the economy is not the economy, but the government. Trying otherwise is trying to run the chicken without a head: it works, but not very long. It is precisely the fact that a transient stimulus can permanently improve the condition of common folks that frightens the plutocrats. The lower We the People, the higher our lords, relatively speaking. That's what real greed is all about. Not just having more, but having things no common person has. PA

Wealthcare State Endless Summers

Wealth Care State’s Endless Summers

Starting with Nixon, the Kennedy-Johnson welfare state became the wealthcare state. The rise of systematic failures such as Lawrence Summers, was instrumental that way.



Democrats point at Republicans all the time. In truth, they set-up the Wealth Care State just as enthusiastically. Ever since Nixon, all outwardly socially motivated programs grew that monstrosity.



Obama said, July 31, 2013, Summers saved the USA. However, under Summers the bad operators of the very bad bank holding corporations were lent indefinitely (through QE) more than 8 trillion dollars, and the American people, who paid for this rescue did not even acquire the properties they paid for.



Anyway, 2,500 words of details of what is wrong with Summers, TARP (Transferring Assets to Rich People) and the wealthcare state on:

http://patriceayme.wordpress.com/2013/07/31/wealth-care-states-summers/