Comments on: Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

By: L33tmoaf

L33tmoaf — Tue, 04 Dec 2012 22:41:00 +0000

Oh God did you regurgitate that crap from MSNBC? Here are the facts, and do take note knowing that your liberal knowledge in Economics are sub-par.

1) Tax increases and spending cuts suppress, not stimulate, economic activity. (Hayek > Keynesian). When spending declines, so does the economy. When the economy declines, the budget deficit rises.
A declining economy means less sales, less employment, less tax revenues. This works against the effort to close the federal budget deficit with austerity measures (look up austerity). Instead of strengthening the economy, the austerity measures weaken it further.
*Washington’s response to the fiscal cliff is austerity: spending cuts and tax increases. The Republicans say they will vote for the Democrats’ tax increases if the Democrats vote for the Republican’s assault on the social safety net. What bipartisan compromise means is a double-barreled dose of austerity*

2) Government social programs is what got this economy indebted in the first place. Just look at the rates SSI and Medicaid is adding onto the debt by the billions. The $1 Trillion Student Debt Bubble is the byproduct of government intervention wanting to give out risky loans without responsibility; similar to the Bush era Housing crisis. Obama has followed the footsteps of Bush.

3) How can we strike down loopholes when you have both parties and the President working for special interest groups? Obama appointed a former Monsanto Exec as the head of the FDA and appointed a Monsanto lobbyist as a Supreme Court Justice, A complete monopoly for the mutli-billlion dollar Monsanto Corporation who was responsible in producing Agent Orange that killed and deformed a lot of civilians, DDT which harmed wildlife (especially the bald eagles), harmful GMO Crops (which created super worms and gave tumors to rats), etc.Talk about corruption.

You, the Democrats, and the Republicans are one in the same.

By: Ajaxx

Ajaxx — Tue, 04 Dec 2012 17:41:00 +0000

I see some commonalities between Hitler and Obama. They were both of socialist persuasion promising hope and change to the sheeple. Obama has mentioned several times that he wishes to create what can be compared to Hitler’s “Brown Shirts”. Some historians would like you to believe that Hitler was a fascist. In reality, the only real difference between Stalin’s brand of communisms and Hitler’s socialism was that Stalin was pro-union and Hitler was anti-union.

By: Akitawoman

Akitawoman — Sun, 02 Dec 2012 19:57:00 +0000

Most Germans know how to work and want to work. Huge difference from our younger people.

By: Akitawoman

Akitawoman — Sun, 02 Dec 2012 19:56:00 +0000

Remember the huge minorities of Muslims in all European countries, not integrated into the culture and society, simply waiting for these post-Christians to die. Muslims will soon be the face of Europe.

By: Akitawoman

Akitawoman — Sun, 02 Dec 2012 19:54:00 +0000

There are numerous good books out there on the Weimar Republic, the democracy that Hitler replaced. The Catholic church and the military backed Hitler. I regret to say the Tea Party and evangelical Christians are similar groups today, looking back to “normal” and trying to remake the world in their image.

When the Nazi party took over, they only had 33% of the popular vote. But with the Catholic church and retired military as his supporters, Hitler became chancellor.

What I have found interesting in books about Hitler’s early days was how much trouble he had with Lutheran pastors. Any he tried to replace with his patsies, the people fought against. Message for our time?

By: niccolo and donkey

niccolo and donkey — Sun, 02 Dec 2012 19:21:00 +0000

If you understood history, you’d understand that Hitler was the good guy in that his party helped out the average German family which was suffering due to the excesses of capitalism that caused the Great Depression. The bad guys were the USA, UK, and the Soviet Union.

By: Hambone

Hambone — Sun, 02 Dec 2012 01:43:00 +0000

I really think social and economic decline go hand in hand. Europe, in social terms, is an armpit. I lived there from 1976-1980 and again from 1992-1996. There economic decline should come as no shock to anyone who has been exposed to the culture over there.

This is tragic. Europe is so beautiful, so rich in history (and their bread is wonderful). I really hope they turn it around.

By: 2Gary2

2Gary2 — Sat, 01 Dec 2012 20:27:00 +0000

good point.

By: 2Gary2

2Gary2 — Sat, 01 Dec 2012 20:26:00 +0000

actually–When all is said and done, more is said than done. I learned that one a long time ago.

By: 2Gary2

2Gary2 — Sat, 01 Dec 2012 20:25:00 +0000

To get us out of the fiscal mess that the right created through a decade
of tax cuts for the wealthy and laissez-faire regulation of Wall Street,
Republicans now want to protect the wealthy and hammer the poor and
middle class… increasing retirement age, cutting benefits and worst of
all, pushing for privatization – the least inefficient means of
managing healthcare and the riskiest means of delivering retirement
benefits.

Let’s start with:

1) Taxing capital gains like wages… why should
gambling proceeds be treated preferentially over the product of blood
sweat and tears? Current tax policy only encourages short term
investment producing wild fluctuations in the market and the economy.
2)
Eliminate the limits on contributions to SSI, medicare and medicaid
taxes be they income or capital gains. You pay the full rate on 100k or
100m in earnings.
3) Start striking down loopholes, one bill at a time; no more omnibus shenanigans.

We will soon be a cross between a plutocracy and a theocracy before the ignorant republican voters know what they have done to themselves.