fiscallyconservative on November 12, 2008 at 10:00 AM

Good. I want 12% unemployment. We need to get rid of the excesses out there. Little pain now or lots of pain – 30% unemployment – later.

It has been successfully argued that Volcker was a bit over-eager in his attempt to squash inflation. He caused too much of a contraction in the money supply when the Fed, under his leadership, sent the Fed Funds rate sky-high. This caused the recession in the early 80s. We don’t need this kind of response again today; we’re in deep enough as it is. Inflation and unemployment are heading upward together right now, so if Volcker tries his tricks again, expect 12%+ unemployment. It’s not going to work.

I came up with ‘hopocrisy’.

And Paul Volcker? Am I the only one concerned about his re-emergence on the national stage?

fiscallyconservative on November 11, 2008 at 7:38 PM

That is the one piece of the puzzle I am excited about. Unless that is you think printing trillions of dollars is a good idea. Add up all the bailouts over the past 18 months and it is staggering. This will lead to 1970s style inflation eventually. You saw a preview of it this summer with $150 oil.

Volcker understood that inflation is the economy’s worst enemy. Nobody in Bush World seems to, especially not Bernanke or Paulson. Their answer to every problem is send a govt check.

http://www.ny1.com/content/top_stories/88778/-i-ny1-exclusive—i–donald-trump-slams–evil–bush–praises-obama/Default.aspx

It’s funny, you can have the business acumen of someone like Trump and still come across as no more intellectually aware than your average college-age Daily Kos reader.

Nothing, absolutely nothing, GWB has done while in office compares, in my opinion.

I’m just saying, Demonicrats are moral weasels of the first order.

There, I feel somewhat better now.

Get ready Fred & Jeri Thompson!

I was surprised to see Jennifer Granholm on that stage last week during Teleprompter Jesus’ first presser.

burnitup on November 11, 2008 at 8:48 PM

Tribute to the union thugs.

Wethal on November 11, 2008 at 7:07 PM

Obama is going to make Clinton look like a damn choirboy by the end of his first year, mark my words.

Password is – LIAR

marklmail on November 11, 2008 at 6:55 PM

LOL..>So true. THis is just the beginning folks. It’s going to be nothing but a bunch of dimbocrat cronies in this adminstration.

Repeat.

Ready to LIE from day one.

If we behave crudely or irresponsibly, people can always pin the blame for Obama’s failure on conservatives. As we maintain our status as good citizens, we’ll let Obama discredit himself, his party, and his ideology.

indythinker on November 11, 2008 at 6:58 PM

It doesn’t matter what we do…he has the MSM aka ‘The Propaganda wing of the Socialist Democrat Party’. No matter how bad he fails, it will still be blamed on the opposition of the ‘Evil Republican Party’.

I may have a small case of ODS, but I truly believe that we will be silenced to a point never known in this country.
I have a few of your emails….I will try to contact you when that happens, because this site will definitely be pulled down as a part of the ‘Fairness Doctrine’…aka the opposition to the ‘Propaganda Wing of the Socialist Democrat Party’
:)

Get ready Wolverines!

Chameleon-In-Chief.