ALL THE GOVERNMENT HAS TO OFFER IS WHAT THEY TAKE FROM YOU. ; )

Wednesday, May 26, 2010

Getting nothing for something


I saw a video from Bloomberg or somewhere where a liberal IMF economist was trying to claim that the US is out of the woods, growing GDP at over 3% a year. He was challenged by my mental Siamese twin Peter Schiff, who pointed out that the measly 3% was A.) not nearly enough to recover much, and B.) not actual GDP but just passing along government-borrowed money. The liberal doofus said that criticism of the growth of GDP was nonsense. That was the whole defense of his nonsensical position (typical for liberals who always have the facts against them).

What I wish he had pointed out was that first, it is 3% up from dropping off a cliff in 2009. Big flippin deal. More importantly, think about this. Last year Obama (the Idiot Overlord) and company spent more money than all previous presidents COMBINED. Over $12 TRILLION. And they got a tiny blip of 3%. Pathetic! They spent $12 trillion in order to get $375 billion. That's ridiculous, and certainly nothing to crow about. I can turn $12 into 37 cents any day of any week. Just act like an idiot. And this liberal apologist wants to brag that Idiot Overlord managed this feat?

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