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The heart and soul of Obama-nomics 

7/28/2012

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The heart and soul of Obama-nomics 

(Why the Obama economic recovery plan failed)

For years now, I've heard president Obama referred to as a communist, a socialist and probably a half dozen other titles designed to outrage and insult. Titles that probably aren't all that accurate. For you see, Mr. Obama is a Keynesian. Don't be outraged, half the politicians in Washington (and elsewhere) are Keynesian as well. Ben Bernanke, chairman of the Federal Reserve Bank, is one as well.

What is a Keynesian and how did it make all of Obama's efforts futile? 

Keynesian refers to the philosophy of economist John Maynard Keynes (I've heard it pronounced both Keens and Canes). What was his big idea? To paraphrase from his book, General Theory:

Saving is stupid; people have been saving money for 6,000 years and where has it gotten them? Nowhere.

He believed that for an economy to prosper, cash has to flow through it, not be squirreled away for a rainy day. So interest rates on savings should be kept as low as possible to discourage it. Interest on loans should also be kept low to encourage borrowing. Keep that money flowing, even if it isn't your money. And if there's a contraction to the economy, it's the government's job to spend even more to keep that cash flowing. Staggeringly large amounts. Again, even if it has to be borrowed money. ANYTHING to keep the cash flowing.

So, now you know the heart and soul of Keynesian economics and Obamanomics, since they're one in the same.

This isn't just an American phenomena, it's world-wide. For some reason, Keynes has been the guiding principle behind nearly every economic decision in the past 60 years. The only possible reason that I can conjure for the popularity of this lunacy is that it allows politicians to appear pro-active; they can look like they're DOING something. Once you know what Keynesian looks like, you can begin to recognize it.

Your passbook account doesn't pay 5.25% anymore, does it?
What's your mortgage rate?
Remember Obama's big economic stimulus?
How about the Fed's quantitative easing? Pouring dollars into the economy.
FDR's various government jobs and spending programs.

In 1983 when the stock market took a particularly viscous drop, president Reagan was asked what he was going to do about it. His reply, “The stock market goes up, the stock market goes down.” I wish more politicians could understand that in time markets will straighten themselves out, government only impedes the invisible hand of supply and demand. 


Tim Fullerton
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July 21st, 2012

7/20/2012

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More Obama Deception

You didn't build that...

Lot's of folks are backing and rebutting the statements president Obama made during a campaign speech in Virginia. Here's my modest effort.

Firstly, does anyone realize that this concept was put forth last September by Elizabeth Warren? You know her, she's the high cheekboned, blonde, blue-eyed Cherokee running for US Senate in Massachusetts. She said, “You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for...” (Side note, for this she won the AARP “Inspire” award.) 

Secondly, why are candidates for federal office bringing up the infrastructure etc. provided by local and state taxes? Also, why tax the “rich” into poverty at the federal level because they're using services provided at the local level? Is this some kind of justification, or a smoke screen?

Thirdly, let's say for a moment that I'm a factory owner. It's true; I do utilize all of the infrastructure and services mentioned. But were they procured exclusively for me? That teacher who inspired me, was she in that classroom with just me? Are the roads leading to my factory put there just for me?

Of course not. There were 29 other children in that classroom. Did any of them build a factory? Maybe. Thousands of folk drive up and down the highway near my factory. Could any of them build a business that created so many jobs? Yes, Probably.

Lastly, (still assuming I own a factory) didn't I already pay my fair share of taxes for the firemen, highways, bridges, and teachers? As a factory owner, I pay property tax on both my home and my factory. I pay income tax, personal and business

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Independence Day Tea Party Still on for Tomorrow: Taking a Stand for Freedom and Helping Our Friends and Neighbors

7/3/2012

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Tomorrow we celebrate freedom, but many in our local area are not celebrating. As everyone tries to escape the heat of the summer, some are suffering without electricity. We ask that those attending the Independence Tea Party tomorrow to bring non-perishable items for those suffering from the widespread power outages in our region.

As we celebrate freedom tomorrow, we will continue to stand for fiscal responsibility, constitutionally limited government, and accountability of elected officials. We also stand for our friends and neighbors. Thank you for continuing to take a stand.

We will see tomorrow at noon at the Bridgeport City Park.


 
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July 4th Rally, County Republican Convention, and Obamacare‏

7/2/2012

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Greetings Patriots,


I hope you are all doing well despite the heat and the power outages. Times like these make me appreciate electricity and those that work so hard to ensure we have everyday conveniences. I also appreciate everything you do to ensure freedom.


I did want to make you aware of a few items. This is a busy time for patriots working together for fiscal responsibility, constitutionally limited government, and accountability of elected officials.


July 4thTea Party

 Date: July 4, 2012
 Location: Bridgeport City Park
 Time: NOON


The Tea Party for July 4th is still going to happen. Come out and meet Congressman David McKinley and local candidates.


We encourage you to bring nonperishable items for those still without power or have lost food due to power outages.


Harrison County Republican Convention

 Date: July 5, 2012
 Location: YWCA in Clarksburg, WV (behind the Harrison County Courthouse)
Time: 6:00 pm


This is an opportunity for people in the Tea Party in have an
effect in one of major political parties. At the county convention, delegates to
the state convention will be selected. Those delegates will set the state party
platform and choose the Electoral College for WV.


Obamacare Decision


I know people are upset about the Supreme Court’s decision to uphold Obamacare. Now the Supreme Court has said what we already knew: Obamacare is a TAX. There is another check on an out of control government, WE THE PEOPLE. This November WE can elect a people who want Obamacare repealed! This November WE can elect state officials that will stand up to the overreaching federal government. This November WE will make our voices heard at the ballot box.

Be watching our website, NorthCentralWVTeaParty.com, for blogs
about the Obamacare decision, what it means, other challenges, and what we can
do.

 Thank you for continuing to take a stand for fiscal responsibility, constitutionally limited government, and accountability of elected officials.

 Taking our nation back,

 Laura Kennedy
 Co-Founder of North Central WV Tea Party

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