Nassim Nicholas Taleb: Obama Stimulus Made Economy Worse

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


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.

***
The Black Swan has been described by The Times as one of the 12 most influential books since World War II.
 
Drudge Report headline: NYT: DEMS DIG FOR DIRT ON RIVALS IN ELECTION SHOWDOWN...


Which links to this NY Times article.

Quote:

Democratic candidates across the country are opening a fierce offensive of negative advertisements against Republicans, using lawsuits, tax filings, reports from the Better Business Bureau and even divorce proceedings to try to discredit their opponents and save their congressional majority.

Opposition research and attack advertising are deployed in almost every election, but these biting ads are coming far earlier than ever before, according to party strategists.

***

As they struggle to break through with economic messages, many Democrats are deploying the fruits of a yearlong investigation into the business and personal histories of Republican candidates in an effort to plant doubts about them and avoid having races become a national referendum on the performance of President Obama and his party.


Keep your eyes on the ball, America. Don't let the scum of the Democrat Party fool you into doing the wrong thing for your children, grandchildren, and fellow citizens.
 
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There was an Obamatron claiming in another thread that in "real life" I don't think President Obama is such a bad prez. This is based on the fact that I gave Obama a fair hearing and was open to voting for him early in his campaign.

Obama seemed like too nice a man to think the worst of, and one hoped he was someone who would "rise to the office", instead of being as bad as one would otherwise expect an Illinois Cook County (Crooked County) Democrat to be.

But the alarm bells about Obama that I took notice of were not that he was as crooked as Governor Blagojevich (whom Obama endorsed), and other Illinois political-machine criminals. It was the evidence that his claim of being a pragmatist was a fraud. That's what told me not to vote for this man, however "nice" he seemed on a personal level, and however "historic" his being sworn in would be.

So, I was turned off about Obama as the election neared, and voted for Bob Barr in protest of both parties.

And I was, sadly, right. Well, almost right. I should've held my nose and voted for McCain in retrospect, because Obama's far worse than I ever imagined. I think I can still defend voting third party in protest (McCain supported the bail-outs, which is where he lost me), but I'll be honest: I owe my fellow citizens an apology for not voting McCain. Just not as big an apology as those who voted Obama owe me.

I think Obama's the worst President of modern times. So do most Americans, including millions who voted for him.

We are in desperate need of checks and balances. The only people who don't see that are people who put partisanship and/or a cult of personality over country. Let's pray that those partisans and/or celebrity-worshippers are crying in their beers as they watch Keith Olberman in a state of despair on election night.
 
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Let's pray that those partisans and/or celebrity worshippers are crying in their beers as they watch Keith Olberman in a state of despair on election night.

Don't let me down, America.


I plan on drinking Four Lokos on election night, so that I'll not just be drunk, but also wide awake enough to party all night long. :thumb:

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Well, unless I try and drink those bad boys as fast as the Insane Hawaiian. Cuz, ya know: One Loko, Two Loko, Three Loko, FLOOR :squiffy:
 
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Obama seemed like too nice a man to think the worst of, and one hoped he was someone who would "rise to the office", instead of being as bad as one would otherwise expect an Illinois Cook County (Crooked County) Democrat to be.


Illinois Democrats are the same ilk of rust-belt political-machine Democrats who have destroyed several of America's formerly great cities, including my city of Cleveland, in Cuyahoga County, Ohio. They're like a mafia, and Obama swam in those scummy waters for years.

Cook County Democrats and Cuyahoga County Democrats are the lowest of the low in American politics. (This is why it seemed so refreshing to me to have someone from Alaskan politics to talk about, in contrast.)

Crooked County, IL, and Corruptahoga County, OH.

Cuyahoga County -- where the FBI is currently investigating, indicting, and incarcerating Democrat public officials (from the highest offices on down) in the largest local corruption scandal in American political history. Cuyahoga, which, fittingly, means "crooked" in one of the American Indian languages.

But, Obama didn't seem as rotten and crooked as the political culture he rose out of. And he still doesn't, even if Rahm Emanuel works for him. Even if he endorsed Gov. Blago. Even if his "community organizing" didn't help anyone but himself and his personal lust for power.

No, Obama's not as crooked as your usual Crooked County Democrat. But he's incompetent and too locked into ideology, and not at all the pragmatic leader he campaigned as.

But I don't hate him as a human being the way I hate most rust-belt Democrats.

I just want his administration to have checks and balances put upon them. He's shown a disturbing desire to ram policies down the throats of the people against our will. Since he refused to be the pragmatic President most of his voters thought they were voting for, we must force him into it. We must put him in check. That is, obviously, the healthy thing to do, if you care about America at all.
 
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Remember when President Obama told us that if we didn't pass his stimulus it would be a "disaster" for the people, because not passing it would cause the unemployment rate to go above 8%?

And then his stimulus passed and the unemployment rate went well above 8%?

"A government scheme designed to kill your dreams....."

Here's a pretty damning video about that:

The Obama Stimulus: Predictions vs. Reality

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It's hard to comprehend that there's a single American left who backs this terrible administration and the Democrat single-party rule in the House and Senate. :crazy:
 
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"A government scheme designed to kill your dreams....."


“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.”


La La La La-La Interesting Drug.......


Deficits.gif


Link


"Today there is a dependency on people who have never been able to forecast anything,” Taleb said. “What kind of system is insulated from forecasting errors? A system where debts are low and companies are allowed to die young when they are fragile. Companies always end up dying one day anyway.”

Taleb, a native of Lebanon who gave his speech in French to an audience of Quebec business people, said Canada’s fiscal situation makes the country a safer investment than its southern neighbor.
Link
 
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I'm not actually sure what Worm intends by posting this pic. (I mean, beyond trolling my threads as he always does. I guess my threads bug a hardcore partisan Democrat like himself.) I've never voted for Michael Steele for anything, and I'm not a member of the Repubican Party. But what actual point is Worm making here? That Michael Steele wanted some interns to have some goofy souvenir photos? Wow, I guess that means Obama's stimulus was great for America. :thumb:

We can all post silly photos of politicans.

Here's a pretty funny one of Cuyahoga County Auditor Frank Russo (Cuyahoga County being the completely Democrat contolled county where my city of Cleveland exists):

merlin-cle2x00020-9jpg-121afc8dcbd800e1_large.jpg


That went along with a story headlined: "Cuyahoga County Auditor Frank Russo appoints sister of his housemate to share supervision at the Board of Revision".

Which came just before headlines like this: Former Auditor Frank Russo pleads guilty, will spend more than 21 years in prison

Oops -- not so funny anymore.


But if you live around here, you are all too familiar with that crook's face, as on every single gas pump and cash register in Cuyahoga County, Ohio, there was this sticker:

9a65c69efa87fd7c0ed7a60820e1317f_1.jpg


Always reminding us that we lived under organized criminals called the Cuyahoga County Democratic Party.

But we're used to not-so-funny photos of Democrats here.

Like this one:

8892953-large.jpg


Which went with this headline: Jimmy Dimora at center of one of biggest local corruption cases in U.S. history

That scumbucket still sits to this day in the highest office of my county.

Nothing funny about that. And the FBI probe that led to these arrests (including the arrests of many other Democrat public officials, including our judges) has found that basically the entire local Democratic Party in my neck of the woods is little more than a bunch of organized criminals, from the highest offices on down.

Here's our crooked Democrat Sheriff, Gerald McFaul, pleading guilty to felonies:

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Don't feel sorry for him. He was a son of a bitch and he's playing ill in court for leniency (which, of course, he was given, by Democrat judges). Just like a typical mafia asswipe. We had a criminal as sheriff for over 3 decades, because the local Democratic Party was cool with that.

And there's nothing funny about this recent headline: Cleveland Is Second Poorest Big City In America

Ah, well, Cleveland can't win 'em all. Detroit (also run by Democrats) beat us out.

We can all post wacky photos of ridiculous politcians. Some are more disturbing than others.
 
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