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	<title>Comments on: Obama: The only thing we have to fear is a sustained depression; Update: McConnell response added</title>
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	<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/</link>
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		<title>By: Baxter Greene</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1768750</link>
		<dc:creator>Baxter Greene</dc:creator>
		<pubDate>Fri, 09 Jan 2009 18:04:52 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1768750</guid>
		<description>&lt;blockquote&gt;You clearly have not understood a thing I wrote nor the prediction I have made going forward.
patrick neid on January 9, 2009 at 12:34 PM&lt;/blockquote&gt;

 You clearly have not backed up your rhetoric that the economic problems we are facing are entirely the Republicans fault.

 These are your words:

&lt;blockquote&gt;None of this can be laid at the feet of Obama or the Dems. This is all Bush and the Repubs fault—and I am not being sarcastic.&lt;/blockquote&gt;

 I understood them clearly.
It is utter bullsh!t that the economic problems we are facing are all the Republican&#039;s fault.

 I gave many examples of the corrupt and irresponsible actions by democrats including Obama that have led to the 
mortgage meltdown that started this mess.

 You simply come back with &quot;you don&#039;t understand me&quot;.
The facts totally refute your liberal talking points.
The fact you make bogus accusations that you can&#039;t back up
is not a &quot;mis-understanding&quot;.It is simply the selective amnesia that liberals possess when it is time for them to take responsibility for their ignorance.</description>
		<content:encoded><![CDATA[<blockquote><p>You clearly have not understood a thing I wrote nor the prediction I have made going forward.<br />
patrick neid on January 9, 2009 at 12:34 PM</p></blockquote>
<p> You clearly have not backed up your rhetoric that the economic problems we are facing are entirely the Republicans fault.</p>
<p> These are your words:</p>
<blockquote><p>None of this can be laid at the feet of Obama or the Dems. This is all Bush and the Repubs fault—and I am not being sarcastic.</p></blockquote>
<p> I understood them clearly.<br />
It is utter bullsh!t that the economic problems we are facing are all the Republican&#8217;s fault.</p>
<p> I gave many examples of the corrupt and irresponsible actions by democrats including Obama that have led to the<br />
mortgage meltdown that started this mess.</p>
<p> You simply come back with &#8220;you don&#8217;t understand me&#8221;.<br />
The facts totally refute your liberal talking points.<br />
The fact you make bogus accusations that you can&#8217;t back up<br />
is not a &#8220;mis-understanding&#8221;.It is simply the selective amnesia that liberals possess when it is time for them to take responsibility for their ignorance.</p>
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		<title>By: patrick neid</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1768616</link>
		<dc:creator>patrick neid</dc:creator>
		<pubDate>Fri, 09 Jan 2009 17:34:14 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1768616</guid>
		<description>&lt;blockquote&gt;Please don’t take my defense of where a lot of this economic debacle lies as a defense of Republican representation on the hill.
The spending and spineless way they have cowered to the democrats has hurt this party as well as our own corruption.

I am pointing out that these problems are not just “Republican” problems(as patrick stated earlier),
 Baxter&lt;/blockquote&gt;

You clearly have not understood a thing I wrote nor the prediction I have made going forward.</description>
		<content:encoded><![CDATA[<blockquote><p>Please don’t take my defense of where a lot of this economic debacle lies as a defense of Republican representation on the hill.<br />
The spending and spineless way they have cowered to the democrats has hurt this party as well as our own corruption.</p>
<p>I am pointing out that these problems are not just “Republican” problems(as patrick stated earlier),<br />
 Baxter</p></blockquote>
<p>You clearly have not understood a thing I wrote nor the prediction I have made going forward.</p>
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		<title>By: Depressing &#124; The Loudest Cricket</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1768103</link>
		<dc:creator>Depressing &#124; The Loudest Cricket</dc:creator>
		<pubDate>Fri, 09 Jan 2009 14:19:16 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1768103</guid>
		<description>[...] thing about governmental gridlock is that it usually doesn&#8217;t make matters worse.&#160; I hope Obama and the Democratic-controlled Congress remembers history - FDRs policies deepened the Great [...]</description>
		<content:encoded><![CDATA[<p>[...] thing about governmental gridlock is that it usually doesn&#8217;t make matters worse.&nbsp; I hope Obama and the Democratic-controlled Congress remembers history &#8211; FDRs policies deepened the Great [...]</p>
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		<title>By: Baxter Greene</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1768063</link>
		<dc:creator>Baxter Greene</dc:creator>
		<pubDate>Fri, 09 Jan 2009 14:01:25 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1768063</guid>
		<description>&lt;blockquote&gt;SKYFOX on January 9, 2009 at 5:53 AM&lt;/blockquote&gt;

 Please don&#039;t take my defense of where a lot of this economic debacle lies as a defense of Republican representation on the hill.
 The spending and spineless way they have cowered to the democrats has hurt this party as well as our own corruption.

 I am pointing out that these problems are not just &quot;Republican&quot; problems(as patrick stated earlier),Democrats undermining this country at war and using the difficulties of war as a bat against Bush to gain seats in Congress and the Presidency is unforgivable.
 Their policies of making cover for their friends in this Sub-Prime mess has cost this country dearly.
  I am not going to give them a pass on their pathetic and corrupt leadership and I can only hope that the Republicans on the hill will do the same and start coming up with 
valid solutions.
  I am not giving in to  the corrupt socialist that make up the democratic party and can only hope elected Republicans won&#039;t either.</description>
		<content:encoded><![CDATA[<blockquote><p>SKYFOX on January 9, 2009 at 5:53 AM</p></blockquote>
<p> Please don&#8217;t take my defense of where a lot of this economic debacle lies as a defense of Republican representation on the hill.<br />
 The spending and spineless way they have cowered to the democrats has hurt this party as well as our own corruption.</p>
<p> I am pointing out that these problems are not just &#8220;Republican&#8221; problems(as patrick stated earlier),Democrats undermining this country at war and using the difficulties of war as a bat against Bush to gain seats in Congress and the Presidency is unforgivable.<br />
 Their policies of making cover for their friends in this Sub-Prime mess has cost this country dearly.<br />
  I am not going to give them a pass on their pathetic and corrupt leadership and I can only hope that the Republicans on the hill will do the same and start coming up with<br />
valid solutions.<br />
  I am not giving in to  the corrupt socialist that make up the democratic party and can only hope elected Republicans won&#8217;t either.</p>
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		<title>By: GFW</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767951</link>
		<dc:creator>GFW</dc:creator>
		<pubDate>Fri, 09 Jan 2009 11:49:34 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767951</guid>
		<description>&lt;em&gt;&quot;Stimulus&quot; packages don&#039;t work! Just ask Japan&lt;/em&gt;. And BHO want&#039;s to try a biggy? What&#039;s the definition of insanity again?  Of course, in reality, BHO&#039;s real agenda is more government, and more control over the people. He has a very liberal, nanny state mentality. Smoke and mirrors; run for your lives! If Congress buys his spiel and goes along with him, every one of them should get voted out of office! Which begs the question: How can Congress be fired for incompetence? We keep voting the same total morons into office, so I guess we get what we deserve.</description>
		<content:encoded><![CDATA[<p><em>&#8220;Stimulus&#8221; packages don&#8217;t work! Just ask Japan</em>. And BHO want&#8217;s to try a biggy? What&#8217;s the definition of insanity again?  Of course, in reality, BHO&#8217;s real agenda is more government, and more control over the people. He has a very liberal, nanny state mentality. Smoke and mirrors; run for your lives! If Congress buys his spiel and goes along with him, every one of them should get voted out of office! Which begs the question: How can Congress be fired for incompetence? We keep voting the same total morons into office, so I guess we get what we deserve.</p>
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		<title>By: SKYFOX</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767937</link>
		<dc:creator>SKYFOX</dc:creator>
		<pubDate>Fri, 09 Jan 2009 10:53:05 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767937</guid>
		<description>There is a lot the GOP can do to offset this socialist agenda by the democrats.

Baxter Greene 

If you are talking about the present crop of Republicans in the House and Senate I don&#039;t see much promise there.  Most of them appear to be crouched in a corner, fearful of losing what little they have left, and ready to go along with the big-eared freak in the faint hope of clinging to their diminishing piece of the pie.  Cretinous cowards deserving of their fate.  Democrats may be brazen thieves and liars but the Republicans are craven whores.  America deserves better than thieves and whores...at least I believe she still does.</description>
		<content:encoded><![CDATA[<p>There is a lot the GOP can do to offset this socialist agenda by the democrats.</p>
<p>Baxter Greene </p>
<p>If you are talking about the present crop of Republicans in the House and Senate I don&#8217;t see much promise there.  Most of them appear to be crouched in a corner, fearful of losing what little they have left, and ready to go along with the big-eared freak in the faint hope of clinging to their diminishing piece of the pie.  Cretinous cowards deserving of their fate.  Democrats may be brazen thieves and liars but the Republicans are craven whores.  America deserves better than thieves and whores&#8230;at least I believe she still does.</p>
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		<title>By: Baxter Greene</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767917</link>
		<dc:creator>Baxter Greene</dc:creator>
		<pubDate>Fri, 09 Jan 2009 08:41:32 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767917</guid>
		<description>&lt;blockquote&gt;Blaming narrow majorities for their failures is excuse making.
patrick neid on January 9, 2009 at 3:03 AM&lt;/blockquote&gt;

 Which is exactly what you are doing.

 I produced many facts from many different sources that show how liable the democrats were and are for this mess.

Do Republicans share blame,yes they do.

 But your statement that this is all a Republican problem is not supported by the facts,so yes I do get it.

The GOP has before and can again produce better solutions than the tax and spend policies of the democrats, the same party who championed this sub-prime mess.

The democrats are not going to have the luxury of sitting on the sidelines anymore whining &quot;It&#039;s Bush&#039;s fault&quot;.

 The democrats have presided over one of the worst sessions of Congress in American history with single digit approval ratings.

 Their start to the 111th is littered with democrats and the corruption of Rangel,Dodd,Jefferson(gone now),Blago(investigation ongoing and getting bigger),Spitzer,and recently watching Richardson
having to step down due to corruption investigations.

&quot;Pay for play&quot; appears to be the democrats rallying cry and
Obama has not even been sworn in yet.

 Not a good start for the &quot;smart ones&quot;:

&lt;strong&gt;Scandals show need for limited government&lt;/strong&gt;
BY COLLEEN CARROLL CAMPBELL
Thursday, Jan. 08 2009
http://www.stltoday.com/stltoday/emaf.nsf/Popup?ReadForm&amp;db=stltoday%5Cnews%5Ccolumnists.nsf&amp;docid=2304FCEA6BF0E8698625753800032DEC

&lt;blockquote&gt;Obama won on the promise of cleaner, better government run by Democrats. But a
funny thing happened when the 111th Congress opened this week: The Democratic
clean-up crew arrived splattered in mud.
&lt;/blockquote&gt;


&lt;strong&gt;Confidence in Congress: Lowest Ever for Any U.S. Institution
Just 12% of Americans express confidence in Congress&lt;/strong&gt;
http://www.gallup.com/poll/108142/Confidence-Congress-Lowest-Ever-Any-US-Institution.aspx
by Jeffrey M. Jones
PRINCETON, NJ --&lt;blockquote&gt; Gallup&#039;s annual update on confidence in institutions finds just 12% of Americans expressing confidence in Congress, the lowest of the 16 institutions tested this year, and the worst rating Gallup has measured for any institution in the 35-year history of this question.&lt;/blockquote&gt;

&lt;strong&gt;
Congress hits single digits: Rasmussen&lt;/strong&gt;
posted at 2:00 pm on July 8, 2008 by Ed Morrissey 
http://hotair.com/archives/2008/07/08/congress-hits-single-digits-rasmussen/
&lt;blockquote&gt;When Democrats won majorities in both chambers of Congress, they pointed to the falling approval ratings of the legislature as a mandate for change.  They have certainly provided it — albeit in the wrong direction.  Rasmussen’s latest polling shows the approval ratings for Congress have reached a new low, and a new achievement … single digits:
&lt;/blockquote&gt;

 The blaming everything on Bush is already old and will not work in the next few months.
 democrats have only shown an ability to whine and complain
then sign on to Bush&#039;s policies over and over again.
  Those days are over,and with the dems having total control,they are going to have to come up with valid solutions which has not been a strong suit for them over the past 8 years.

 democrats predicted the end to the Republican party in the 70&#039;s and 90&#039;s,never any of it coming true.
 I would suggest you clean up your own backyard before telling everybody else what to do with their&#039;s.</description>
		<content:encoded><![CDATA[<blockquote><p>Blaming narrow majorities for their failures is excuse making.<br />
patrick neid on January 9, 2009 at 3:03 AM</p></blockquote>
<p> Which is exactly what you are doing.</p>
<p> I produced many facts from many different sources that show how liable the democrats were and are for this mess.</p>
<p>Do Republicans share blame,yes they do.</p>
<p> But your statement that this is all a Republican problem is not supported by the facts,so yes I do get it.</p>
<p>The GOP has before and can again produce better solutions than the tax and spend policies of the democrats, the same party who championed this sub-prime mess.</p>
<p>The democrats are not going to have the luxury of sitting on the sidelines anymore whining &#8220;It&#8217;s Bush&#8217;s fault&#8221;.</p>
<p> The democrats have presided over one of the worst sessions of Congress in American history with single digit approval ratings.</p>
<p> Their start to the 111th is littered with democrats and the corruption of Rangel,Dodd,Jefferson(gone now),Blago(investigation ongoing and getting bigger),Spitzer,and recently watching Richardson<br />
having to step down due to corruption investigations.</p>
<p>&#8220;Pay for play&#8221; appears to be the democrats rallying cry and<br />
Obama has not even been sworn in yet.</p>
<p> Not a good start for the &#8220;smart ones&#8221;:</p>
<p><strong>Scandals show need for limited government</strong><br />
BY COLLEEN CARROLL CAMPBELL<br />
Thursday, Jan. 08 2009<br />
<a href="http://www.stltoday.com/stltoday/emaf.nsf/Popup?ReadForm&#038;db=stltoday%5Cnews%5Ccolumnists.nsf&#038;docid=2304FCEA6BF0E8698625753800032DEC" rel="nofollow">http://www.stltoday.com/stltoday/emaf.nsf/Popup?ReadForm&#038;db=stltoday%5Cnews%5Ccolumnists.nsf&#038;docid=2304FCEA6BF0E8698625753800032DEC</a></p>
<blockquote><p>Obama won on the promise of cleaner, better government run by Democrats. But a<br />
funny thing happened when the 111th Congress opened this week: The Democratic<br />
clean-up crew arrived splattered in mud.
</p></blockquote>
<p><strong>Confidence in Congress: Lowest Ever for Any U.S. Institution<br />
Just 12% of Americans express confidence in Congress</strong><br />
<a href="http://www.gallup.com/poll/108142/Confidence-Congress-Lowest-Ever-Any-US-Institution.aspx" rel="nofollow">http://www.gallup.com/poll/108142/Confidence-Congress-Lowest-Ever-Any-US-Institution.aspx</a><br />
by Jeffrey M. Jones<br />
PRINCETON, NJ &#8211;<br />
<blockquote> Gallup&#8217;s annual update on confidence in institutions finds just 12% of Americans expressing confidence in Congress, the lowest of the 16 institutions tested this year, and the worst rating Gallup has measured for any institution in the 35-year history of this question.</p></blockquote>
<p><strong><br />
Congress hits single digits: Rasmussen</strong><br />
posted at 2:00 pm on July 8, 2008 by Ed Morrissey<br />
<a href="http://hotair.com/archives/2008/07/08/congress-hits-single-digits-rasmussen/" rel="nofollow">http://hotair.com/archives/2008/07/08/congress-hits-single-digits-rasmussen/</a></p>
<blockquote><p>When Democrats won majorities in both chambers of Congress, they pointed to the falling approval ratings of the legislature as a mandate for change.  They have certainly provided it — albeit in the wrong direction.  Rasmussen’s latest polling shows the approval ratings for Congress have reached a new low, and a new achievement … single digits:
</p></blockquote>
<p> The blaming everything on Bush is already old and will not work in the next few months.<br />
 democrats have only shown an ability to whine and complain<br />
then sign on to Bush&#8217;s policies over and over again.<br />
  Those days are over,and with the dems having total control,they are going to have to come up with valid solutions which has not been a strong suit for them over the past 8 years.</p>
<p> democrats predicted the end to the Republican party in the 70&#8242;s and 90&#8242;s,never any of it coming true.<br />
 I would suggest you clean up your own backyard before telling everybody else what to do with their&#8217;s.</p>
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		<title>By: patrick neid</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767908</link>
		<dc:creator>patrick neid</dc:creator>
		<pubDate>Fri, 09 Jan 2009 08:03:29 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767908</guid>
		<description>&lt;blockquote&gt;There is a lot the GOP can do to offset this socialist agenda by the democrats.

Baxter Greene on January 8, 2009 at 10:27 PM

&lt;/blockquote&gt;

After three lost election cycles you still don&#039;t get it Baxter. Myself, with a scant few here and at Captain&#039;s Quarters, rang the warning bells about the Repub party failures on fiscal matters. 

The fact that Bush and crew chirped warnings about Fannie and Freddie mean nothing when in the next breath they spend trillions on bridges to nowhere. The Repub party that is currently in Congress and the Senate is a disgrace and has been for over eight years. Blaming narrow majorities  for their failures is excuse making.

Prediction--- this vaunted Repub party will sign on to trillions of dollars of wasteful spending for Obama as it has for the previous bailouts under Bush. They and their supporters are an embarrassment.

Right now it looks like the Blue dog Dems have more in common with Reagan than today&#039;s Repub party. They deserve the crushing defeats they have been dealt by an even more pitiful Dem party.

The dimension of their failure will be paid for by your children and grandchildren. While I have no use for the Dems I have have even less for delusional partisans such as yourself.</description>
		<content:encoded><![CDATA[<blockquote><p>There is a lot the GOP can do to offset this socialist agenda by the democrats.</p>
<p>Baxter Greene on January 8, 2009 at 10:27 PM</p>
</blockquote>
<p>After three lost election cycles you still don&#8217;t get it Baxter. Myself, with a scant few here and at Captain&#8217;s Quarters, rang the warning bells about the Repub party failures on fiscal matters. </p>
<p>The fact that Bush and crew chirped warnings about Fannie and Freddie mean nothing when in the next breath they spend trillions on bridges to nowhere. The Repub party that is currently in Congress and the Senate is a disgrace and has been for over eight years. Blaming narrow majorities  for their failures is excuse making.</p>
<p>Prediction&#8212; this vaunted Repub party will sign on to trillions of dollars of wasteful spending for Obama as it has for the previous bailouts under Bush. They and their supporters are an embarrassment.</p>
<p>Right now it looks like the Blue dog Dems have more in common with Reagan than today&#8217;s Repub party. They deserve the crushing defeats they have been dealt by an even more pitiful Dem party.</p>
<p>The dimension of their failure will be paid for by your children and grandchildren. While I have no use for the Dems I have have even less for delusional partisans such as yourself.</p>
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		<title>By: PackerBronco</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767821</link>
		<dc:creator>PackerBronco</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:52:27 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767821</guid>
		<description>&lt;blockquote&gt;Banks made loans without concern for whether borrowers could repay them, &lt;/blockquote&gt;

I find that to be one of more remarkable statements that has been constantly repeated during this crisis. It begs the question: 

&lt;em&gt;Who on Earth would EVER loan money to someone they doubt will repay them?&lt;/em&gt; 

It goes against economic sense and fundamental human nature. Those greedy fatcat businessmen are not in the charity business and they will not loan money to people who can&#039;t repay the loan.

So why did something so fundamentally against human nature happen? Well, because those who were making the loan were confident that they could sell the loan to another sucker and leave the risk with that guy. And the guy who bought the loan sold to another guy and so on down the line.

But every line has to end somewhere. There has to be source of the line of suckers that holds up the whole enterprise. And when we examine that line of suckers we find at the end - tada - the federal government. Yes, the Federal Government was the last sucker in the line, the one that in the end would support the loan, would back the risky expenditures of suckers who were &quot;too big to fail.&quot;

And thus that line leads right back and supports the original sucker who makes the loan to the guy who really can&#039;t afford to repay it.

Economics has been called the dismal science, but I think it&#039;s the rational science. As a whole, people act rationally in the face of economic decisons. However, the government does not act rationally in an economic sense because the government is composed of people who have no direct financial stake in the economic decisions they make. A government official is quite willing to be the last sucker in line if the payoff for him or her is increased votes and political power. The government assumes the economic risk but does not assume the &lt;em&gt;responsibility&lt;/em&gt; that comes with economic risk. The end result in chaos.

Obama does not understand this very basic principle. He believes the government can stimulate the economy by &quot;investing wisely this time.&quot; But how can people who don&#039;t have a direct economic stake in their decisions ever invest more wisely than people who are investing their own money?</description>
		<content:encoded><![CDATA[<blockquote><p>Banks made loans without concern for whether borrowers could repay them, </p></blockquote>
<p>I find that to be one of more remarkable statements that has been constantly repeated during this crisis. It begs the question: </p>
<p><em>Who on Earth would EVER loan money to someone they doubt will repay them?</em> </p>
<p>It goes against economic sense and fundamental human nature. Those greedy fatcat businessmen are not in the charity business and they will not loan money to people who can&#8217;t repay the loan.</p>
<p>So why did something so fundamentally against human nature happen? Well, because those who were making the loan were confident that they could sell the loan to another sucker and leave the risk with that guy. And the guy who bought the loan sold to another guy and so on down the line.</p>
<p>But every line has to end somewhere. There has to be source of the line of suckers that holds up the whole enterprise. And when we examine that line of suckers we find at the end &#8211; tada &#8211; the federal government. Yes, the Federal Government was the last sucker in the line, the one that in the end would support the loan, would back the risky expenditures of suckers who were &#8220;too big to fail.&#8221;</p>
<p>And thus that line leads right back and supports the original sucker who makes the loan to the guy who really can&#8217;t afford to repay it.</p>
<p>Economics has been called the dismal science, but I think it&#8217;s the rational science. As a whole, people act rationally in the face of economic decisons. However, the government does not act rationally in an economic sense because the government is composed of people who have no direct financial stake in the economic decisions they make. A government official is quite willing to be the last sucker in line if the payoff for him or her is increased votes and political power. The government assumes the economic risk but does not assume the <em>responsibility</em> that comes with economic risk. The end result in chaos.</p>
<p>Obama does not understand this very basic principle. He believes the government can stimulate the economy by &#8220;investing wisely this time.&#8221; But how can people who don&#8217;t have a direct economic stake in their decisions ever invest more wisely than people who are investing their own money?</p>
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		<title>By: N4646W</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767816</link>
		<dc:creator>N4646W</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:47:04 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767816</guid>
		<description>&lt;blockquote&gt;If he does no more work for the next four years than he has previously done, then we just might make it out ok.

Johan Klaus on January 8, 2009 at 11:58 PM&lt;/blockquote&gt;

Ohhh, that would be too much to hope for.  Since he voted &quot;present&quot; so much, maybe he won&#039;t sign anything that come to his desk, or the gym.</description>
		<content:encoded><![CDATA[<blockquote><p>If he does no more work for the next four years than he has previously done, then we just might make it out ok.</p>
<p>Johan Klaus on January 8, 2009 at 11:58 PM</p></blockquote>
<p>Ohhh, that would be too much to hope for.  Since he voted &#8220;present&#8221; so much, maybe he won&#8217;t sign anything that come to his desk, or the gym.</p>
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		<title>By: OkieDoc</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767795</link>
		<dc:creator>OkieDoc</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:31:35 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767795</guid>
		<description>But then again, I&#039;m just a sore OK Sooner looser. Congrats Tebow, Meyer and Gators fans. Not sure about the N Harris play on  P Harvin on that run in the 3rd, but you guys won convincingly and my hats off to ya. {Hint: S Bradford shudda run...}</description>
		<content:encoded><![CDATA[<p>But then again, I&#8217;m just a sore OK Sooner looser. Congrats Tebow, Meyer and Gators fans. Not sure about the N Harris play on  P Harvin on that run in the 3rd, but you guys won convincingly and my hats off to ya. {Hint: S Bradford shudda run&#8230;}</p>
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	<item>
		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767790</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:27:52 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767790</guid>
		<description>&lt;blockquote&gt;At $325.19 a share, I’ll stay with googillions for now.

OkieDoc on January 9, 2009 at 12:21 AM&lt;/blockquote&gt;
 You&#039;ve got a point.</description>
		<content:encoded><![CDATA[<blockquote><p>At $325.19 a share, I’ll stay with googillions for now.</p>
<p>OkieDoc on January 9, 2009 at 12:21 AM</p></blockquote>
<p> You&#8217;ve got a point.</p>
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	<item>
		<title>By: OkieDoc</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767783</link>
		<dc:creator>OkieDoc</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:21:44 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767783</guid>
		<description>At $325.19 a share, I&#039;ll stay with googillions for now.</description>
		<content:encoded><![CDATA[<p>At $325.19 a share, I&#8217;ll stay with googillions for now.</p>
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	<item>
		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767767</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:11:17 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767767</guid>
		<description>&lt;blockquote&gt;So now we must of necessety create the greatest depression by injecting googillions of $$ into the pockets of those same beta-males so as to assure their perpetuation of their species?

OkieDoc on January 9, 2009 at 12:08 AM&lt;/blockquote&gt; 
 That is gigazillions.</description>
		<content:encoded><![CDATA[<blockquote><p>So now we must of necessety create the greatest depression by injecting googillions of $$ into the pockets of those same beta-males so as to assure their perpetuation of their species?</p>
<p>OkieDoc on January 9, 2009 at 12:08 AM</p></blockquote>
<p> That is gigazillions.</p>
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	<item>
		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767759</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:08:24 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767759</guid>
		<description>Keep your powder dry.</description>
		<content:encoded><![CDATA[<p>Keep your powder dry.</p>
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	<item>
		<title>By: OkieDoc</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767758</link>
		<dc:creator>OkieDoc</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:08:23 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767758</guid>
		<description>So, if an historic USA ression lasts 12-24 months,(thereby recovering from the ongoing open vault policy of the liberal elite), albeit without Big Govt &quot;oversight&quot;, we thus weed out beta-males. So now we must of necessety create the greatest depression by injecting googillions of $$ into the pockets of those same beta-males so as to assure their perpetuation of their species?</description>
		<content:encoded><![CDATA[<p>So, if an historic USA ression lasts 12-24 months,(thereby recovering from the ongoing open vault policy of the liberal elite), albeit without Big Govt &#8220;oversight&#8221;, we thus weed out beta-males. So now we must of necessety create the greatest depression by injecting googillions of $$ into the pockets of those same beta-males so as to assure their perpetuation of their species?</p>
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	<item>
		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767755</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:07:48 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767755</guid>
		<description>&lt;blockquote&gt;Right now it is every family for it’s self,water and ammo first.

Col.John Wm. Reed on January 8, 2009 at 10:45 PM&lt;/blockquote&gt;
 Keep your power dry.</description>
		<content:encoded><![CDATA[<blockquote><p>Right now it is every family for it’s self,water and ammo first.</p>
<p>Col.John Wm. Reed on January 8, 2009 at 10:45 PM</p></blockquote>
<p> Keep your power dry.</p>
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		<title>By: bullseye</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767752</link>
		<dc:creator>bullseye</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:06:53 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767752</guid>
		<description>In the 1980&#039;s I came across a game, or rather simulation, called sim-city. You had to manage a city including taxes etc. One of the first lessons was that raising taxes too much or too quickly spelled disaster. 

Too many of our congresscritters and the incoming admin don&#039;t even have the qualifications to go through a simple simulation. Most have never run a business and have sucked off the public teat their whole lives. 

Apologies to the good lawyers here, but one of the problems is too damn many lawyers. Most of these havent&#039; even had to run their own firm. 

I just don&#039;t want us to look like the weimar republic, argentina a couple of years ago or zimbabwe.</description>
		<content:encoded><![CDATA[<p>In the 1980&#8242;s I came across a game, or rather simulation, called sim-city. You had to manage a city including taxes etc. One of the first lessons was that raising taxes too much or too quickly spelled disaster. </p>
<p>Too many of our congresscritters and the incoming admin don&#8217;t even have the qualifications to go through a simple simulation. Most have never run a business and have sucked off the public teat their whole lives. </p>
<p>Apologies to the good lawyers here, but one of the problems is too damn many lawyers. Most of these havent&#8217; even had to run their own firm. </p>
<p>I just don&#8217;t want us to look like the weimar republic, argentina a couple of years ago or zimbabwe.</p>
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	<item>
		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767749</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 05:05:13 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767749</guid>
		<description>&lt;blockquote&gt;It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit…&lt;/blockquote&gt;
 Keynesian economics(socialism/communism) at it&#039;s finest.</description>
		<content:encoded><![CDATA[<blockquote><p>It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit…</p></blockquote>
<p> Keynesian economics(socialism/communism) at it&#8217;s finest.</p>
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		<title>By: Johan Klaus</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767733</link>
		<dc:creator>Johan Klaus</dc:creator>
		<pubDate>Fri, 09 Jan 2009 04:58:25 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767733</guid>
		<description>&lt;blockquote&gt;Cut the guy some slack. He’s about to take on the first job in his entire life where people actually expect him to do something. That must be a bit frigtening.

PackerBronco on January 8, 2009 at 3:13 PM&lt;/blockquote&gt;
 If he does no more work for the next four years than he has previously done, then we just might make it out ok.</description>
		<content:encoded><![CDATA[<blockquote><p>Cut the guy some slack. He’s about to take on the first job in his entire life where people actually expect him to do something. That must be a bit frigtening.</p>
<p>PackerBronco on January 8, 2009 at 3:13 PM</p></blockquote>
<p> If he does no more work for the next four years than he has previously done, then we just might make it out ok.</p>
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		<title>By: Col.John Wm. Reed</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767558</link>
		<dc:creator>Col.John Wm. Reed</dc:creator>
		<pubDate>Fri, 09 Jan 2009 03:45:31 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767558</guid>
		<description>A lot of us will rebuild a new party after the crash,right now we are doing an Atlas Shrugged and letting the morons loose. Once it is totally FUBAR people will want solutions. Right now all they want is to prove multi culturism and afirmitave action get you a god like idol.Once we get passed this race and color bit and take MLK at his word.&quot;Who I am not what color&quot;, we may find people with skills willing to mess with the government.If every senator with balls put a private hold on appointments and jams this whole congress for nine months the next election cycle will drive idiocy into high gear and sane voters will toss a lot of these jerks out.All hat and no cattle does show up real quick.Right now it is every family for it&#039;s self,water and ammo first.</description>
		<content:encoded><![CDATA[<p>A lot of us will rebuild a new party after the crash,right now we are doing an Atlas Shrugged and letting the morons loose. Once it is totally FUBAR people will want solutions. Right now all they want is to prove multi culturism and afirmitave action get you a god like idol.Once we get passed this race and color bit and take MLK at his word.&#8221;Who I am not what color&#8221;, we may find people with skills willing to mess with the government.If every senator with balls put a private hold on appointments and jams this whole congress for nine months the next election cycle will drive idiocy into high gear and sane voters will toss a lot of these jerks out.All hat and no cattle does show up real quick.Right now it is every family for it&#8217;s self,water and ammo first.</p>
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		<title>By: Baxter Greene</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767507</link>
		<dc:creator>Baxter Greene</dc:creator>
		<pubDate>Fri, 09 Jan 2009 03:27:19 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767507</guid>
		<description>&lt;blockquote&gt;The GOP had better provide responsible alternatives and back them up with research from conservative think tanks. Republican congressmen must get out in front of the cameras and present those alternatives and hammer why they are preferable.

onlineanalyst on January 8, 2009 at 10:08 PM&lt;/blockquote&gt;

 Exactly!!!
We have to provide a better solution and be able to get it past the liberal filter in the MSM.

Drilling while working towards energy independence.
Nuclear and coal expansion.
Tax cuts to increase small business ownership.
Tax cuts to lure foreign business to build and invest in America.
Take power away from Unions and their corruption that has 
broken so much industry so that we can be more competitive.
Approve the latin American trade agreement.
Cut spending(pork).
Cut entitlement programs that pay people for not working. 
Introduce Health care reform that creates competition for coverage that will lower prices by the free market system.

 There is a lot the GOP can do to offset this socialist agenda by the democrats.</description>
		<content:encoded><![CDATA[<blockquote><p>The GOP had better provide responsible alternatives and back them up with research from conservative think tanks. Republican congressmen must get out in front of the cameras and present those alternatives and hammer why they are preferable.</p>
<p>onlineanalyst on January 8, 2009 at 10:08 PM</p></blockquote>
<p> Exactly!!!<br />
We have to provide a better solution and be able to get it past the liberal filter in the MSM.</p>
<p>Drilling while working towards energy independence.<br />
Nuclear and coal expansion.<br />
Tax cuts to increase small business ownership.<br />
Tax cuts to lure foreign business to build and invest in America.<br />
Take power away from Unions and their corruption that has<br />
broken so much industry so that we can be more competitive.<br />
Approve the latin American trade agreement.<br />
Cut spending(pork).<br />
Cut entitlement programs that pay people for not working.<br />
Introduce Health care reform that creates competition for coverage that will lower prices by the free market system.</p>
<p> There is a lot the GOP can do to offset this socialist agenda by the democrats.</p>
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		<title>By: onlineanalyst</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767454</link>
		<dc:creator>onlineanalyst</dc:creator>
		<pubDate>Fri, 09 Jan 2009 03:08:49 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767454</guid>
		<description>We have the means to turn our economy around by cutting corporate and small business taxes and those on investments.  Freeing up that money will create jobs.

We can immediately drill and mine our way into energy independence, creating ancillary jobs and lessening the burden of heating/lighting our homes and delivering our goods.

What good is it to create further debt by borrowing from the Chinese in order to put a pittance into people&#039;s pockets so that they can buy more Chinese-made goods?

I want Obama to stay out of investment in our schools.  This is not in the federal government&#039;s purview of responsibility.  His sorry record in the Chicago schools is evidence enough that throwing more money into nebulous goals does not lead to academic success.

This fool will bankrupt and destroy our nation.

Take a hard look at the members in your own party, Barry, for they abandoned their own responsibilities of accountability and oversight.  

The GOP had better provide responsible alternatives and back them up with research from conservative think tanks.  Republican congressmen must get out in front of the cameras and present those alternatives and hammer why they are preferable.</description>
		<content:encoded><![CDATA[<p>We have the means to turn our economy around by cutting corporate and small business taxes and those on investments.  Freeing up that money will create jobs.</p>
<p>We can immediately drill and mine our way into energy independence, creating ancillary jobs and lessening the burden of heating/lighting our homes and delivering our goods.</p>
<p>What good is it to create further debt by borrowing from the Chinese in order to put a pittance into people&#8217;s pockets so that they can buy more Chinese-made goods?</p>
<p>I want Obama to stay out of investment in our schools.  This is not in the federal government&#8217;s purview of responsibility.  His sorry record in the Chicago schools is evidence enough that throwing more money into nebulous goals does not lead to academic success.</p>
<p>This fool will bankrupt and destroy our nation.</p>
<p>Take a hard look at the members in your own party, Barry, for they abandoned their own responsibilities of accountability and oversight.  </p>
<p>The GOP had better provide responsible alternatives and back them up with research from conservative think tanks.  Republican congressmen must get out in front of the cameras and present those alternatives and hammer why they are preferable.</p>
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		<title>By: ddrintn</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767453</link>
		<dc:creator>ddrintn</dc:creator>
		<pubDate>Fri, 09 Jan 2009 03:08:37 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767453</guid>
		<description>&lt;blockquote&gt;It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit…&lt;/blockquote&gt;And this goes unchallenged by the GOP? Talk about a party that&#039;s ideologically bankrupt... This much BS coming from a Prez-elect is beyond depressing.</description>
		<content:encoded><![CDATA[<blockquote><p>It is true that we cannot depend on government alone to create jobs or long-term growth, but at this particular moment, only government can provide the short-term boost necessary to lift us from a recession this deep and severe. Only government can break the vicious cycles that are crippling our economy – where a lack of spending leads to lost jobs which leads to even less spending; where an inability to lend and borrow stops growth and leads to even less credit…</p></blockquote>
<p>And this goes unchallenged by the GOP? Talk about a party that&#8217;s ideologically bankrupt&#8230; This much BS coming from a Prez-elect is beyond depressing.</p>
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		<title>By: Economic Stimulus: Crack that Whip &#171; JoHNBRoDiGaNDoTCoM</title>
		<link>http://hotair.com/archives/2009/01/08/obama-the-only-thing-we-have-to-fear-is-a-sustained-depression/comment-page-2/#comment-1767410</link>
		<dc:creator>Economic Stimulus: Crack that Whip &#171; JoHNBRoDiGaNDoTCoM</dc:creator>
		<pubDate>Fri, 09 Jan 2009 02:53:03 +0000</pubDate>
		<guid isPermaLink="false">http://hotair.com/?p=39742#comment-1767410</guid>
		<description>[...] there&#8217;s an actual bill to be reviewed. Overall, I have issues with the bailouts/stimulus/socialism. The rub is that elections have consequences, and if the Republican party had been for anything [...]</description>
		<content:encoded><![CDATA[<p>[...] there&#8217;s an actual bill to be reviewed. Overall, I have issues with the bailouts/stimulus/socialism. The rub is that elections have consequences, and if the Republican party had been for anything [...]</p>
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