A quote regarding the Soviet economy that can be applied to the Obama Administration.
Tom Send a noteboard - 29/08/2010 08:07:11 PM
Between 1950 and 1960, for instance, it [the Soviet Union] had sunk 9.4% of extra capital a year into the economy, to earn only 5.8% a year more in actual production. In effect, they were spraying Soviet industry with the money they had so painfully extracted from the populace, and wasting more than a third of it in the process.
- Red Plenty, by Francis Spufford
The only difference between what the Soviets were doing in the 1950s to artificially make it look like their economy was growing and what Obama is doing now is that Obama is "painfully extracting" money from the populace as well as borrowing large sums of money recklessly from China to "spray" American industry with money.
He then tours a GM factory where he has dictated that overpriced electric hybrids that cannot compete with better, less expensive products in the same category should be given priority (essentially creating a command economy at GM) and cheers on the workers, telling them that they have jobs because of him and that they are fueling a recovery that is supposedly taking place.
I just wish that, by voting Republican, I didn't end up having to vote against stem cell research, gay marriage, evolution, legalized marijuana and the Copernican model of the universe.
- Red Plenty, by Francis Spufford
The only difference between what the Soviets were doing in the 1950s to artificially make it look like their economy was growing and what Obama is doing now is that Obama is "painfully extracting" money from the populace as well as borrowing large sums of money recklessly from China to "spray" American industry with money.
He then tours a GM factory where he has dictated that overpriced electric hybrids that cannot compete with better, less expensive products in the same category should be given priority (essentially creating a command economy at GM) and cheers on the workers, telling them that they have jobs because of him and that they are fueling a recovery that is supposedly taking place.
I just wish that, by voting Republican, I didn't end up having to vote against stem cell research, gay marriage, evolution, legalized marijuana and the Copernican model of the universe.
Political correctness is the pettiest form of casuistry.
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius
Ummaka qinnassa nīk!
*MySmiley*
This message last edited by Tom on 29/08/2010 at 08:08:00 PM
A quote regarding the Soviet economy that can be applied to the Obama Administration.
- 29/08/2010 08:07:11 PM
1421 Views
the Copernecian model bit was a tad exaggerated
- 29/08/2010 08:28:41 PM
927 Views
- 29/08/2010 08:28:41 PM
927 Views
I wish I could believe the Democrats were only behaving "as" poorly.
- 29/08/2010 09:50:23 PM
949 Views
the sad thing is, I really don't think it has to be that way
- 29/08/2010 10:31:16 PM
979 Views
This is a classic mistake of the independent voter.
- 30/08/2010 12:35:33 AM
945 Views
You cannot seriously agree with the Republicans about extending the Bush tax cuts.
- 30/08/2010 09:07:59 AM
828 Views
I would target lowering the corporate rate and helping pass-through entities with cuts.
- 30/08/2010 02:52:55 PM
889 Views
How many companies actually pay that corporate tax rate, though?
- 30/08/2010 03:37:47 PM
1044 Views
In reality, virtually no company in the US pays anywhere near the actual corporate tax rate.
- 31/08/2010 11:12:05 AM
961 Views
Where are you getting your "information"? *NM*
- 31/08/2010 04:24:47 PM
382 Views
Are you saying companies are actually paying 35% in corporate taxes?
- 31/08/2010 10:11:28 PM
901 Views
God help us if we ever end up at the OECD average!
- 31/08/2010 10:30:34 PM
841 Views
Which have corporate tax rates equal to or lower than that 35%.
- 01/09/2010 01:04:34 AM
1172 Views
Absolutely not.
- 01/09/2010 04:13:24 AM
857 Views
The pot shouldn't call the kettle black
- 01/09/2010 10:10:42 AM
1065 Views
We definitely need to slash Social Security, Medicare and Medicaid.
- 01/09/2010 01:58:23 PM
855 Views
So what you are saying is that for someone like you, it is all about how dishonest you think they ar
- 30/08/2010 03:17:27 PM
1111 Views
It is true, I know no republicans personally who espouse a Copernican Model of the Universe
- 29/08/2010 10:16:38 PM
956 Views
For all of the talk about republican social issues even with a majority they didn't do much about it
- 29/08/2010 10:25:22 PM
1077 Views
I have a strong dislike for Hilary Clinton.
- 29/08/2010 11:38:10 PM
900 Views
I find myself regretting that she didn't beat Obama in the primaries.
- 30/08/2010 12:30:28 AM
852 Views
Interesting comparison
- 30/08/2010 04:19:40 AM
886 Views
That's why I'm a Libertarian
- 30/08/2010 09:22:18 AM
903 Views
Strict libertarians are disliked for some of their own insane ideas.
- 31/08/2010 06:21:12 PM
775 Views
I don't know MUCH about politics - however..
- 30/08/2010 01:49:03 PM
974 Views
If Republicans focus more on the economy, we have our best chances.
- 31/08/2010 06:18:49 PM
752 Views
Actually, General Motors has made quite a turnaround, the company is actually making profit now.
- 31/08/2010 10:44:15 AM
983 Views
The Economist is being uncharacteristically optimistic on this point.
- 31/08/2010 06:17:51 PM
778 Views

