December 5, 2008
VIDEO: Pat Buchanan and Terry McAuliffe Discuss the Economy and Jobs
On November 6, just days after the election, Republican Strategist Pat Buchanan and Democratic Advisor Terry McAuliffe went head-to-head on how President-Elect Barack Obama’s administration could affect manufacturing and the economy-at-large in an exclusive debate aboard the Siemens exiderdome.
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Go Pat Go! That’s some great stuff from a true economic patriot.
Globalism is great for the ultra rich and ultra poor while the middle class gets assassinated. It truly has become a world of the haves and have-nots, basically the modern version of slavery.
Pat owned that. McAuliffe isn’t even in his league.
The first thing the people of the U.S. need to do is demand that their representatives abolish the Federal Reserve private Ponzi scheme banking system. As long as fractional reserve private banking is in place, anything else that is attempted to fix the economic problems will not work.
The next thing that must be done is to shut down all avenues of capital flight: NAFTA, stock market aka Wall Street, transnational corporations (site here to sell here), etc.
The government needs to create its own money, similar to the “Greenbacks” of Lincoln’s day; or the kind of silver backed currency that John Kennedy started to issue before he was shot. This new money should be spent directly into the economy.
Any kind of global hegemony should be stifled. Sovereignty should be amplified. Protectionism is imperative.
I remember sitting with a friend at a bar around 1993 and we both could predict where nafta and other free trade agreements would eventually take our country. Now most of our predictions are coming true and the only one that has not come true is the common people hunting down these free trade clowns, both public and private, and giving them old fashion eye for an eye justice for what they have done for the future of our children and grandchildren. I hate to be so pessimistic but do believe I will see a revolution in my lifetime…
BUSH THE DESTROYER. A XMAS TALE.
Having laid waste to vast areas of the middle east, in places where the average American could not find on a map, THE DESTROYER turned his SATANIC talents to his own Lair.
He destroys the monetary system and lays waste to industry.
He prints and borrows Dollars like a madman.
He bails out the Sons of Enron bankers, but puts ordinary workers on the street.
The people, afraid, confused and angry gather in mobs, muttering.
Food and guns are being stockpiled.
The only growth industry is “Welfare”
Some religious cranks claim he is the Anti-Christ.
Revolution is in the air…………!
To be continued. (After Americas last free Xmas)
THEY ARRIVED BY RICKSHAW.
GOOD MONEY AFTER BAD.
‘We made mistakes’ says GM boss
The bosses of the Detroit Three carmakers justify their request for $34bn
General Motors boss Rick Wagoner and his Ford counterpart Alan Mulally have admitted making mistakes in the way that they have run their businesses.
They were in Washington with Chrysler boss Bob Nardelli, and were explaining to a Senate committee why they wanted $34bn (£23bn; 26.6bn euros) in aid.
All three also blamed the US recession for decimating sales and leaving their companies in desperate need of cash.
But senators raised doubts about whether the money would be enough.
Mark Zandi, economist with Moody’s, also testifying to the committee as an independent expert, said bankruptcy at this time would be “cataclysmic” for the US economy.
But he threw a spanner into the works by telling the committee that $34bn would not be enough to save the carmakers.
They might need as much as $75bn to $125bn, he said.
This sparked concerns that the so-called Detroit Three would simply return to Washington, cap in hand, when the money ran out.
All three of the bosses were at pains to explain how they had driven to the hearing in hybrid cars made by their respective companies. They had been heavily criticised two weeks ago for flying to Washington in separate private jets for their last hearing in Congress.
The chief executives of Ford and GM even offered to work for $1 a year if Congress approves the emergency aid. ( IN YOUR DREAMS)
(If they were Japanese they would be honour bound to kill themselves)
Sounds like GM, Ford and Chrysler are the new Axis of Evil ?????
Buchanan’s generally right, but here’s one problem.
On the one hand, he praises the top earners for being the hardest workers and the most productive people in society. He says raising taxes on them is bad and counterproductive. Why should those good hardworking people pay higher taxes for the benefit for the bottom 50% who pay no taxes?
This would be true enough in a perfect world.
But, we must ask… how did the upper crust make their fortune in the past 20 yrs? Through globalism, which means they exploited the cheap labor of third world folks, exported our jobs, and/or played finance capitalist tricks to make vast fortunes in the stock market, real esate, etc.
Also, many made their fortune in the popular entertainment industry which is mostly filthy peddling of whoredom and gratuitous violence. Just look at Hollywood tycoons, music tycoons, TV personalties, writers, producers, etc. Most of them are scum. Also, the culture of therapeutism–as opposed to dignified stoicism which has faded away–had led to the mighty rise of pharmaceutical industry, turning us into addicts and legal junkies. Many people go into the medical field simply to make money as pill-pushers. Many doctors don’t do diddly but make megabucks a year.
And, look at all those rich sleazy lawyers. Look at all those John Edwards. Yes, these people are rich and know how to make money but can we say they’re the most productive people in society? No, they are scum who know how to make a ton of money without adding to any real productivity to the nation as a whole. They are hardly better than drug pushers. Sure, pushers make a lot of money, but they are leeches. Too many of our upper crust and professional class are leeches. Pill pushing doctors, trial lawyers, pop entertaiment pimps, finance capitalists, exploiters of cheap third world labor(close to slavery in many cases) and violators of environmental standards in nations without regulation over industry.
Worse, these very people, who were allowed to get so rich under Republican free trade/market ideas, have gone with Obama. We owe nothing to them.
Though wealth -re-distribution is not economically sound under normal circumstances, the fact remains that many of our rich got rich through weasely or despicable ways. So, it’s not really wealth re-distribution that people are calling for. They are really calling for wealth RETRIBUTION. Many people sense–not incorrectly–that many of our rich and successful folks made a shi*load of money not through honest work but by bullshi*, connections, or exploitation of third world labor(all the while exporting our jobs).
I’m not for higher taxes and re-distribution, but Buchanan’s argument that the upper crust represents the most productive elements of society is only half true. Yes, many are honest businessmen who’ve grown our economy. But, many are leeches who only how to make money for themselves without doing any good for society as a whole. Producers of rap music, trial lawyers like John Edwards, Pill pushing doctors, etc, etc. Who needs them? We don’t need them but people want them because many of us are a bunch of morons addicted to junk.
What we really need is a tax system based on the kind of work you do. Small businessmen who run shops and factories should be taxed little because they really do something economically vital, good, and necessary. But, lawyers–especially defense and trial lawyers–, non-surgical pill-pushing doctors, entertaiment tycoons, finance people, pop stars, and others should be made to pay much higher taxes. Income should matter far less in determining tax rates than the profession itself.
Clinton stuck in the knife to American manufacturing but Bush twisted it.
First lets thank Clinton for giving China free reign over trade, while keeping American manufacturing shackled. Bush continued the legacy by standing by and allowing the corrupt Chinese trade practices to go unchallenged.
Even Hillary had a hand in the stabbing, (et tu Hilliary?) - she served on WalMart’s board while they formulated their machinations to stick it to America.
She even promised the Indians that she would support H1B visa expansions only months before the Democrat primary.
How’s vote was she going for there - the Indian Sub-Continent vote?
It’s obvious that she was talking to the big moneyed Wall street investors that are pouring their money into creating an exploitative-business utopia in Asia, at the expense of the American people.
The same people that Bill Clinton and Bush were kowtowing to.
The same people that bungled the stock market and collapsed our financial institutions.
Washington has been serving fools on a self-destructive quest. There is no conspiracy these big investor “World Citizens” are just short sighted incompetents.
And, what’s more hey are traitors to American sovereignty and security.
The economy is eating it. Obama and the Democrats and their willing press have done everything to make it happen as they sabotaged every good thing in the Bush Administration and now have bagged D.C. as well. We will soon see what happens. You reap what you sow and already we see the whirlwind.
Conveniently, they can blame President Bush and the Republicans for everything. The supplanting socialist, the Democrats have demonstrated once again that they will sell America out so that they can control the country. Is it worth it?
In lock step, the Democrats have voted for everything that is bad for America and against what is good.
Obama and the Democrats paid workers to register and get non-voters, the disinterested and bodies (dead or alive) to vote early. Out spending McCain 7 to 1. A fact.
Millions of bad home mortgage and refinancing loans were made to people who could not afford them and “illegal aliens” who have defaulted, and have sucked the monetary vitality out of the American economy. And what few jobs that are left, American citizens are competing with the “illegal immigrants” and are struggling to find work.
The relaxing of home mortgage requirements came about under President Clinton’s administration and by congressman, Barney Frank, representing Massachusetts’s 4th congressional district and the chairman of the House Financial Services Committee which oversees housing and banking industries. The New York Times called Frank one of the most powerful members of Congress noting “his ability to build bridges across party lines to pass legislation”. In 1987 Frank became the first Representative to come out as gay of his own volition and, at that time, was the most prominent openly gay American politician.
This is the tip of the ice-berg of how America’s institutions and laws are being use to pervert the freedom of America. This is what the Democrats are all about and they are not going to stop until they have milked this good country for all they can, all the way to their ultimate ya-ya high of changing the American Homeland to a third world depot led and fed by despotism, (a form of government in which the ruler is an absolute power (not restricted by a constitution or laws or opposition etc.)