Obama, like Bush, is Throwing Public Money into a Black Hole
Rodrigue Tremblay
“The [financial] crisis was not a failure of the free market system and the answer is not to try to reinvent that system. ...Government intervention is not a cure-all." - President George W. Bush, Thursday November 13, 2008
"There is no cause to worry. The high tide of prosperity will continue." - Andrew W. Mellon, Hoover's Secretary of the Treasury. September 1929
"While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States - that is, prosperity."
President Herbert Hoover, May 1, 1930
PermalinkThe Mossad’s Arab writers
Khalid Amayreh
“If good befalls you, it grieves them; but if some misfortune overtakes you, they rejoice at it. But if ye are constant and do right, not the least harm will their cunning do to you; for Allah Compasses round about all that they do” Surat A’ali Imran, (the House of Imran), III, v. 119
“I call on the Israeli army to crush these Palestinian terrorists who are at Iran’s beck and call; chase the rebels of Hamas, annihilate its lunatics and demented leaders who are disguised as men of faith, crush them and exterminate them and teach them a lesson which they will never forget just as you taught the terrorist Hizbullah a harsh lesson in 2006….So deliver Gaza from the grip of Hamas. These Palestinians, wherever they go, they take with them terror, corruption, trouble l, tumult and ingratitude…..!”
The Futility Of Not Creating Debt Free Currency
Eric V. Encina
U. S. President Obama is presenting all the positive sides of the "stimulus package" and pushing its ratification in the halls of Congress. Likewise, the Philippine President Marcapagal is carrying out a comparable program to uplift his own country's ailing economy, create jobs and save the financial system from total collapse. However, the problem with the stimulus packages created by these two leaders is that the money to be used to jumpstart business activities, obviously, provides a "band-aid remedy" coming from borrowings and taxes, which will create the same results of crisis in the long run except that it will be even bigger and more catastrophic. Therefore, the best kind of repair for the economic downturn is the creation of debt free money by governments' financial arms.
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