It's been a while since I've done a "They Really Said That?" post but yesterday I read something that not only fits the bill, it could be the poster child for this category for my blog.
Go read this article. It's really short. Go read it. I'll wait. It's only four sentences long. Read it.
The reason it's only four sentences long is probably because the journalist didn't know what to add because it's so completely not related to reality. What do you say when the people in the tinfoil hats tell you that commercial jets are spraying deadly chemicals over the people of Texas in order to enhance the effects of the flu vaccine that are designed to actually enhance the effects of the swine flu and by mid-December we are going to see deaths in the tens of thousands?
For those of you that still refused to read the article, here's four sentences condensed into one (because I'm so nice): Obama said that if the government helps in the economic recovery too much, it will cause a double-dip recession so don't expect any tax breaks.
He really said that?
According to the Associated Press, yes.
You know, I could make it the full-time job of my blogging career to follow the Messiah around pointing out all the crap that he's spouting. I don't want to do that because it would be like volunteering to be the guy that follows the horses in the parade with the big shovel every - single - day for three more years (and probably four more after that). This one though is just too blatant of a horse-pie to let it lay there steaming.
To quickly clarify, for those that don't know what a double-dip recession is, it's what's commonly referred to as a "W" recession where there is a drop off, some kind of recovery, then another drop off, and then the real recovery. This double-dip recession, and there is going to be one without a doubt, is indeed due to the interference of the government except that it's for the EXACT OPPOSITE REASONS than the One has stated in this piece of shit article.
May I once again take an aside and say how utterly useless our journalists are when they just pass this rubbish on to the people without adding the truth or at least asking the president some questions looking for the truth? We might as well not even have an Associated Press if they are just going to release presidential propaganda. Can't He do that on WhiteHouse.gov or something?
Let's talk about this double-dipping action and let's pick one measure for simplicity (because I'm all about simplicity). We'll use the stock market as our measure because it's a common thing to do. Let's say, hypothetically speaking for our example, that the market was artificially inflated to the 14,000 mark. At some point, the market is going to adjust itself to reality but will do so in a pendulum-swing motion, where the correction will be lower than the eventual ending point. Let's say that in this case, the bottom swing of that first corrective action is going to take the market to 4,000.
For our example, let's say that the government decides to step in around the 8,000 mark to try to "fix it". Why would they do this? I have no idea. Protect profits for their Wall Street masters? Keep people from rioting in the streets because the government not only allowed this to happen (with all their watchdog 3-letter agencies turning a blind eye) or actually helped this to happen (with moral hazard playing a vital role in the policies of Fannie and Freddie). I don't know. Some of the rocket surgeons in Congress probably did it "cuz it's bad, and, you know, we don't like bad things, and, like, so, we had to do sumpin."
That sumpin comes in the form of printing up trillions of dollars of fiat money and handing it out as loans. Stimulus packages, bailout bills, and cash for new pick up trucks that still get less than 20 mpg clunkers (which vehicle was the clunker? - the one they traded in or the one they picked up?).
The hope, of course, is that while all this money is being pumped into the system, the rest of the bad stuff is still moving out of the system, creating some kind of balancing action. In short, the hope is that this creates the bottom of the drop off. It may stay flat at 8,000 for quite some time but they want to avoid the overshoot down to 4,000.
All the money is pumped in and the big companies that got to use the new money first show a profit. Huzzah! "The recession is over!" is trumpeted. The great minds of Congress have done it with their innovative thinking and boldness. They are heroes.
If, and this is a small "if" in this hypothetical case, Congress acted too soon or didn't do enough or didn't play it all out long enough for all the bad crap in the economy to completely play out, the numbers go south again and the recession continues creating the infamous W or double-dip. All that money chucked into the system is like a commercial break of the recession. The second downturn is a "we now return to our regularly scheduled program".
There is no truth that government spending is causing the second downturn. What the Messiah isn't saying is that the second downturn could actually be made worse because of the trillions of dollars flushed down the economic shitter in the hopes of avoiding reality. But then again, He's not known for his honesty, is he?
The real question that is raised by this article is: what's coming next from the government? No reduction in taxes but these kinds of blatant lies are put out early to shape thinking so that the next atrocity the government plays out, seems like the natural consequence. Maybe to just take the blame off the government? Make it seem like they tried too hard? Justify the use of the trillions even though it didn't work?
I don't know.
In a way, the lies of the politicians and the ineptitude of the lapdog journalists makes it very interesting to read the news. It's a puzzle. There is some truth in there somewhere. There is a real story. We just have to dig around and look for other sources and use our own reasoning power to find it.
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