"A government big enough to give you everything you want, is big enough to take away everything you have"
Thomas Jefferson

Wednesday, January 28, 2009

Myth: "Bigger Government Stimulates The Economy"

"Obama has decided that he wants to be George Bush on steroids."

Video length, 7:16.


18 comments:

Anonymous said...

Big government seems to work for India and China, comprising most of the worlds population.
President Obama said this
"What the cynics fail to understand is that the ground has shifted beneath them — that the stale political arguments that have consumed us for so long no longer apply. The question we ask today is not whether our government is too big or too small, but whether it works — whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end. Those of us who manage the public's dollars will be held to account — to spend wisely, reform bad habits, and do our business in the light of day — because only then can we restore the vital trust between a people and their government."

I think that 'liberty lost while you watching the distractions' blog says it best, with the quote
"Democracy is two wolves and a lamb deciding what to have for lunch"

Anonymous said...

Big government seems to work in China????

I have one word for you: Melamine

Dan Francis said...

Very good lecture.... stimulating without the stimulus?

Anonymous said...

Melamine? you got to be kidding.

What about:

2007

August 2006–February 2007: Salmonella-tainted peanut butter from the Peter Pan and Great Value brands sickened hundreds of people in 44 states. The CDC is still investigating how a Georgia manufacturing plant was contaminated. 500 people sickened, 5 dead.

2006

November–December: 71 people became sick with E. coli after eating at Taco Bell restaurants in New Jersey, New York, Pennsylvania, and Delaware. The fast-food chain initially blamed its green onion supply, though investigations by the CDC later suggested that lettuce was the source of the problem.

September–October: Prewashed, bagged spinach from Dole was contaminated with E. coli. At least 205 consumers fell ill; three died. Investigators traced the strain back to the field in California and said that in this instance, washing could not have removed the bacteria.

2002

Fall: Pilgrim's Pride recalled over 27 million pounds of frozen and prepared poultry products after listeria was found at one of its Pennsylvania processing plants. Eight people died, and 50 became seriously ill in the ensuing outbreak.

1998

The Malt-o-Meal cereal company recalled approximately 3 million pounds of its Toasty-O's cereal after the product was found to contain salmonella. Nearly 200 people, many of them children, got sick. According to the CDC, this was the first time a manufactured cereal was linked to salmonella transmission.

Hot dogs and lunch meats from Sara Lee became tainted with listeria following mechanical work at the manufacturing plant. At least 15 died, and six miscarriages were attributed to the outbreak. Eighty customers also became seriously ill.

1997

August: After 17 people in Colorado contracted E. coli from eating hamburgers, supplier Hudson Foods recalled 25 million pounds of frozen patties. At the time, this was the largest meat recall in U.S. history.

Spring: The CDC noticed something unusual: Hundreds of Michigan children and schoolteachers were diagnosed with hepatitis A. Investigators discovered that a contaminated shipment of strawberries had been imported the previous year and mislabeled as domestic. The strawberries were used in frozen desserts and served with school lunches. Ultimately, over 9,000 students were vaccinated.

Maybe China is only copying how the FDA & USDA operate.

Don't get me started on MadCow disease, Published on Wednesday, December 24, 2003 by the UPI
USDA Refused to Release Mad Cow Records. Most US meat producers products are banned in international markets.

As Americans we have all the protection greedy, profit minded Agra-Biz corporations can afford us.

RWiley said...

I recently spent several weeks in China touring much of the east and down the length of the Yangtze. Now, of course, a few weeks does not make me an expert.

But what I saw was incredible progress impossible to comprehend or even compare to what you see In the US.

Technology beyond belief; ship building by the hundreds, The Three Gorges project, factories, housing, seventy five or more giant bridges, modern quiet subways and high speed maglevs and their culture, parks and public places were preserved with pride.

But then, there was pollution beyond belief in Bejing and Shanghai and zillions of cars which were driven by a society with only about 10 years experience. Fresh water is a severe problem. What a mess.

They don't take big mistakes lightly. The former head of the Chinese FDA, Zheng Xiaoyu was excuted in relation to sub-standard medicines and two men were sentenced to execution for melemine tainted milk.

Perhaps the Chinese government isn't growing fast enough to keep up with need for controls and enforcement of corporate corruption.

Anonymous said...

RWiley, I believe that you are right about China.

The people of China are determined to be number one in the world.

However don't under estimate America.
In just a sixteen block area of lower Manhattan with the full support of Government. The Lower Manhattan Development Corp. a private company. Has in only eight years since '9/11', almost managed to actually, pretty much finish most of the foundations for the Freedom Tower. The beacon of American can do, get the job done private sector know how.

President Obama said this,
"In reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of shortcuts or settling for less.

It has not been the path for the faint-hearted, for those who prefer leisure over work, or seek only the pleasures of riches and fame.

Rather, it has been the risk-takers, the doers, the makers of things -- some celebrated, but more often men and women obscure in their labor -- who have carried us up the long, rugged path towards prosperity and freedom.

For us, they packed up their few worldly possessions and traveled across oceans in search of a new life. For us, they toiled in sweatshops and settled the West, endured the lash of the whip and plowed the hard earth.

For us, they fought and died in places Concord and Gettysburg; Normandy and Khe Sanh.

Time and again these men and women struggled and sacrificed and worked till their hands were raw so that we might live a better life. They saw America as bigger than the sum of our individual ambitions; greater than all the differences of birth or wealth or faction.

This is the journey we continue today. We remain the most prosperous, powerful nation on Earth. Our workers are no less productive than when this crisis began. Our minds are no less inventive, our goods and services no less needed than they were last week or last month or last year. Our capacity remains undiminished. But our time of standing pat, of protecting narrow interests and putting off unpleasant decisions -- that time has surely passed.

Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America."

RWiley said...

I am also very familiar with Manhatten. I have family there and spend time. Until you have seen the skyscrapers of Shanghai that have been built in just a few years, you would not understand how far behind we have been left with development of infrastructure. China's growth is beyond comprehension and description.

Shanghai Skyline

This has all happened in the last ten years.

Anonymous said...

RWiley,

I forgot to mention that the original World Trade Center Complex of 16 occupied city blocks was began in August 1968 and had the first tenants moving in the month of December 1970.
Exactly 28 months from start to finish. And of course had two towers, not just the one like their building now.

And during the last depression. The Empire State Building began construction in January 1930 and opened in May 1931, just 17 months. Erected, entirely using hot rivets instead of bolts.

President Obama said this,
"Our challenges may be new, the instruments with which we meet them may be new, but those values upon which our success depends, honesty and hard work, courage and fair play, tolerance and curiosity, loyalty and patriotism -- these things are old.

These things are true. They have been the quiet force of progress throughout our history.

What is demanded then is a return to these truths. What is required of us now is a new era of responsibility -- a recognition, on the part of every American, that we have duties to ourselves, our nation and the world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character than giving our all to a difficult task.

This is the price and the promise of citizenship."

BY THE WAY NOT ONE REPUBLICAN CONGRESSMAN IN THE HOUSE TODAY VOTED IN FAVOR OF THE STIMULUS BILL TO SAVE THE AMERICAN ECONOMY. All Americans will remember this selfish act in 2010 when we go to vote. While we lose tens of thousands of jobs every day. Republicans will pay dearly for this huge mistake.

Anonymous said...

10:50 Have you ever been to India or China? I have. What are you thinking? Very strange thought pattern. I would suggest you visit either place, and repeat your statement about how well things are working. The folks will be impressed.

Yup, you're gonna get your Wileys and people like that who fawn about other countries, after they've made their bucks off the backs of america. But you go anywhere in the third world, and they have one thing in common. They would give anything to get to the United States. Now why is that?
We're not a perfect place, don't pretent to be. But we have offered opportunity to many people who have not had it in their own country. And this has been going on for a long, long time.

Anonymous said...

7:40 Lathering hundreds of billions of dollars on big business, who respond by decorating their offices with $30k toilets, $50M jets, along with bonus bucks for their friends, just may not be the answer. More and more people are seeing this, from both sides.

It's a great day for government. We just spent a whole bunch more money we don't have. And in a few weeks, there will be yet another "stimulus" package.

I love being stimulated.

hermit thrush said...

as noted on andrew sullivan's blog today,

Without a major economic stimulus plan, "the shortfall in the nation's output relative to its potential would be the largest – in terms of both length and depth – since the Depression of the 1930s."

that's not the assessment from an ideological think tank, like cato. it's from the cbo!

hermit thrush said...

sorry, forgot to link to sullivan's post; it's here.

Anonymous said...

Making unresponsive government bigger is not the answer. Jobs programs that don't produce jobs is not the answer. In 2-3 months, it will be clear that this 800 BILLION $ did nothing, so we will have another. I look for about 3 of these. Media, and fools/followers, will give Obama anything he wants. They have too much invested to question the method. We've now hit a panic mode. How else can we explain defense of spending like this?

Most of us admit that we got into this mess by spending money we didn't have. So how do we get out of it? Well let's, for starters, spend $800 billion dollars we don't have.

If you have a government job and a little seniority, this is a great time to be alive.

Anonymous said...

I almost forgot.

Don't worry, be happy.
The stimulation program will be reaching you and yours very soon.

Dan Francis said...

This stimulus bill is by way of this simple analogy, like the first time having sex > > > >

It is highly anticipated; it is talked about a lot leading up to that first moment, then it hurts a little at first, but then is more enjoyable, and finally it is something to look forward to until something better comes along and that's not likely.

So, enjoy it -- besides, the pork barrels are full -- USGT (Uncle Sam's Gravy Train) is loaded for bear, or is it bare, and ready to leave the station for points unknown.

All aboard...

Anonymous said...

Geeze Dan, that is one of the finest posts I have ever seen.

But don't you think you went a little too far with the "all aboard" comment?

My word, Dan, you were an officer.

Dan Francis said...

"All aboard" was referring to the USGT (Uncle Sam's Gravy Train) -- not a French ménage à trois (or more)!

LOL

Anonymous said...

Thanks for the clarification. Since I read that, I have been unable to function.

Root for the underdogs,
Cardinals.

But I guess now that the Giants are out I don't have a big favorite.

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