Theo
Active Member
Which anyone with a brain knows already, but it's worth repeating over and over and over as the mid-term elections approach and Democrats pull out their bags of dirty tricks to smear Congressional challengers and confuse the people.
Drudge Report headline: NYT: DEMS DIG FOR DIRT ON RIVALS IN ELECTION SHOWDOWN...
We need to put this terrible, incompetent president, and his fellow terrible, incompetent Democrats running both the House and the Senate, in check ASAP.
Obama Stimulus Made Economic Crisis Worse, `Black Swan' Author Taleb Says
Now, there has been a theory floating around that Obama is such an ideological radical that this is all actually part of his socialist long-term plan to transform America after intentionally deepening the recession. I won't "go there" (yet), though it's disturbing that he doesn't seem to learn from his mistakes. I simply think Obama assembled an awful team when he put together his administration, and was too ignorant about economics to know what the heck he was doing.
Wikipedia:
Drudge Report headline: NYT: DEMS DIG FOR DIRT ON RIVALS IN ELECTION SHOWDOWN...
We need to put this terrible, incompetent president, and his fellow terrible, incompetent Democrats running both the House and the Senate, in check ASAP.
Obama Stimulus Made Economic Crisis Worse, `Black Swan' Author Taleb Says
U.S. President Barack Obama and his administration weakened the country’s economy by seeking to foster growth instead of paying down the federal debt, said Nassim Nicholas Taleb, author of “The Black Swan.”
“Obama did exactly the opposite of what should have been done,” Taleb said yesterday in Montreal in a speech as part of Canada’s Salon Speakers series. “He surrounded himself with people who exacerbated the problem. You have a person who has cancer and instead of removing the cancer, you give him tranquilizers. When you give tranquilizers to a cancer patient, they feel better but the cancer gets worse.”
Today, Taleb said, “total debt is higher than it was in 2008 and unemployment is worse.”
Obama this month proposed a package of $180 billion in business tax breaks and infrastructure outlays to boost spending and job growth. That would come on top of the $814 billion stimulus measure enacted last year. The U.S. government’s total outstanding debt is about $13.5 trillion, according to U.S. Treasury Department figures.
Now, there has been a theory floating around that Obama is such an ideological radical that this is all actually part of his socialist long-term plan to transform America after intentionally deepening the recession. I won't "go there" (yet), though it's disturbing that he doesn't seem to learn from his mistakes. I simply think Obama assembled an awful team when he put together his administration, and was too ignorant about economics to know what the heck he was doing.
Wikipedia:
In 2008-2009, [Nassim Nicholas Taleb] ranked fifth, in terms of the number of downloaded papers, on the Social Science Research Network (SSRN). His second nontechnical book, The Black Swan...has been credited with predicting...the banking and economic crisis of 2008.
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The Black Swan has been described by The Times as one of the 12 most influential books since World War II.