Comments on: Dr. Doom Is Still Prescribing, and Says Stimulus Is the Wrong Medicine http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html ... for evil to triumph is for good people to do nothing Wed, 08 Feb 2012 18:52:33 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Conservative Command http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html/comment-page-1#comment-349 Conservative Command Tue, 17 Feb 2009 17:34:00 +0000 http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html#comment-349 Thanks for the link!<br/><br/>Schiff is just full of common sense. No wonder he was the economic advisor to Ron Paul during the campaign. <br/><br/>Whatever happened to our "non-phony" economy? You know, the one that wasn't based on consumption. It's a wonder that, 50 years ago, our economy was about 50% manufacturing. Today, it's only 10%. High corporate tax rates, pure free trade, and burdensome regulation have helped ship manufacturing and industries overseas. We're left with nothing but an economy that rests on debt. <br/><br/>I could go on and on. Thanks for the link!

Schiff is just full of common sense. No wonder he was the economic advisor to Ron Paul during the campaign.

Whatever happened to our “non-phony” economy? You know, the one that wasn’t based on consumption. It’s a wonder that, 50 years ago, our economy was about 50% manufacturing. Today, it’s only 10%. High corporate tax rates, pure free trade, and burdensome regulation have helped ship manufacturing and industries overseas. We’re left with nothing but an economy that rests on debt.

I could go on and on.

]]> By: Kirk Petersen http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html/comment-page-1#comment-340 Kirk Petersen Thu, 12 Feb 2009 16:12:00 +0000 http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html#comment-340 Actually, Hawg, the Democrats typically TAX and spend... it's Republicans who BORROW and spend. Ironically, tax and spend is actually (slightly) more financially conservative than borrow and spend. Actually, Hawg, the Democrats typically TAX and spend… it’s Republicans who BORROW and spend. Ironically, tax and spend is actually (slightly) more financially conservative than borrow and spend.

]]> By: The Hawg! http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html/comment-page-1#comment-337 The Hawg! Thu, 12 Feb 2009 07:11:00 +0000 http://blog.kirkpetersen.net/2009/02/dr-doom-is-still-prescribing-and-says-stimulus-is-the-wrong-medicine.html#comment-337 Schiff is right. The American economy is simply not sustainable in that you can't simply expect consumers to simply borrow forever. At some point, borrowed money does have to be paid back -- a painful lesson that a lot of people are learning right now.<br/><br/>All the government is doing is delaying the inevitable with this stimulus nonsense. For an example of how backward the thinking is in Washington, one common argument against the idea of handing out tax cuts is that Americans will just spend it. Evidently, there prevailing school of thought suggests that the government needs to rush in, save the struggling credit markets and prosperity will follow. Frankly, Americans need to be saving money instead of borrowing more.<br/><br/>The politicians out there who will stand up and relay that painful bit of reality to the American public are part of a dying breed. Those fiscal conservatives that used to be the backbone of the Republican party have been replaced by Bush Republicans who borrow and spend money like they're Democrats.<br/><br/>The whole mess is just downright alarming. There will come a time when the government's creditors (primarily Japan and China) will call in their chips and that will be pretty well be all she wrote for our economy. Schiff is right. The American economy is simply not sustainable in that you can’t simply expect consumers to simply borrow forever. At some point, borrowed money does have to be paid back — a painful lesson that a lot of people are learning right now.

All the government is doing is delaying the inevitable with this stimulus nonsense. For an example of how backward the thinking is in Washington, one common argument against the idea of handing out tax cuts is that Americans will just spend it. Evidently, there prevailing school of thought suggests that the government needs to rush in, save the struggling credit markets and prosperity will follow. Frankly, Americans need to be saving money instead of borrowing more.

The politicians out there who will stand up and relay that painful bit of reality to the American public are part of a dying breed. Those fiscal conservatives that used to be the backbone of the Republican party have been replaced by Bush Republicans who borrow and spend money like they’re Democrats.

The whole mess is just downright alarming. There will come a time when the government’s creditors (primarily Japan and China) will call in their chips and that will be pretty well be all she wrote for our economy.

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