I was writing along a few minutes ago, minding my own business, when who would call other than Newt Gingrich's campaign people. I talked with this guy, who asked if I was Mr. Walter (sure I am) and that I had a message from Newt. I said I'd like to hear what he had to say.
Here's how the prerecorded message went: Hello, thank you for taking my message. I'm worried about the Obama Administration blah blah deficit spending blah blah socialist blah blah like another country in Europe blah Newt blah Thank you, have a goodnight.
Then there was some pretty elevator music for awhile and some woman comes on the line, asking me this "survey" question: Do you believe that deficit spending and empowering government bureaucrats will save our economy?
My answer: Well, first off, you're asking me a leading question- and I'm inclined to say yes, as anyone would, to the bureaucrats thing, but we must look at the overall issue here: Government is the only entity with money right now, and if no one else has money, how are jobs going to be created. Government has fiat, and therefore is the best way to jump-start the economy.
The woman pauses, then: "I certainly don't understand your point, sir. Have a good evening" *click*
Moral of the story: Conservatives don't understand me. Economists do.
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This reminds of a story that took place when I was in high school. I was home for lunch one day (we had open lunch) and the phone rang so I answered. It was a policital call for mom (this was before the pre-recorded messages) and an actual guy started in on a political rant. I finally interrupted him and informed him that he wasn't speaking to Mrs. Walter but in fact, her daughter and that I wasn't of voting age so he was wasting his time. He began asking me how old I was, if I was home alone, etc. I was so creeped out by that but really, is that any way to gain votes or paint your candidate in a positive light?
~Laura
The government is actually one of the few entities that doesn't have money right now. We currently have over a trillion dollar deficit, which was only at 300 billion when Bush was President. Any money that the government spends has to be borrowed from countries like China, putting us further into debt. Also, the stimulus hasn't created any new jobs. The unemployment rate was at 7.2% when Bush left office, and it is now at 10.2%. Obama is the biggest job destroying President in our nation's history. Obama is simply growing the government, not the economy.
If you want to understand anything about the economy, checkout what the free-market guys have to say, and see the facts they have to back it up.
http://mises.org/
Damn, Walters, you really DON'T know econ.
Fiat currency can only be a medium for the wealth which already exists.
Printing money doesn't increase wealth, otherwise counterfeiting would be a social obligation, and not a crime. In truth, printing money robs value from those who acquired their money by providing goods and services for others.
P.S. I was pretty amazed Andrew Schechter (idk him) had beat me to promoting http://mises.org/ You really should look at the works of the great free-market economists, even if your rationalization is to debunk their 'fallacious claims'...