Please Read this,it is from the Rush Limbaugh show, i got it from his site, what do u think?
"Retail sales unexpectedly fell in December --" This is State-Controlled Associated Press. "-- leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades. In another disappointing economic report, the number of newly laid-off workers requesting unemployment benefits rose more than expected last week as jobs remain scarce." Here's a quote from Jennifer Lee, a senior economist at BMO Capital Markets: "We cannot expect a true turnaround in consumption until the jobs numbers improve significantly and consistently."
Now, given this obvious statement, why is any negative economic news unexpected? I swear it's in the template. Command-U writes "unexpected." When the private sector's capital is deleted, job creation is depressed. This leads to spending decreases by consumers. That leads to lower sales and profits, and it all results in the erosion of the tax base, which then shrinks tax revenues. And only an anti-capitalist statist would conclude that this situation requires tax increases, which starts the process all over again. None of this is unexpected. This is totally predictable. I, your host, El Rushbo predicted it on the same day that I expressed my hope that Obama fail in his policies.
So let's go through the progression here. When the private sector and its capital, money, is depleted, when it shrinks, job creation is depressed, that leads to spending decreases by consumers. That, in turn, hurts sales and profits. And it all causes an erosion of the tax base, federal and state, which reduces tax revenues, which reduces revenue to run governments in Washington and state capitals. At this point, only somebody intending for all this to happen would then talk about tax increases. Because tax increases will start the whole cycle all over again. It will lead to more unemployment, more depletion of the private sector's capital, spending decreases by even more consumers, more sales and profits hurt, more tax base erosion, less tax revenue to state and federal governments. And then, oh, my God, another double down, more tax increases. Only a statist, somebody doing this on purpose, would employ the policies that we are employing.
- this is from rush limbaugh site.
would like to here opinions
Asked By: james - 1/17/2010
Look, Rush is an entertainer. He makes MILLIONS telling his frightened public that the world is bad, everyone but him and those who believe as "El Rushbo" do are bad...etc..But all he really does is criticize. He's an armchair quarterback who can SAY anything he likes but never has to come up with solutions or make the difficult decisions...
We are in one of the worst economic crisises this country has ever seen. It is not Obama's fault, and anyone with a rational thought would know that 1 YEAR is not enough time for a turn around in jobs. People are still declaring bankruptcy and houses are still going into foreclosure..This is due to corporate greed, Wall Street manipulations and people who bought more on credit than they could afford. The fallout is loss of jobs, homes etc and it will continue for a while..Its not going to be fixed overnight...
But Rush intends to criticize the whole way, because it makes he and his listeners feel superior..and its a hell of a lot easier than actually doing something.
Answered By: mc93433 - 1/17/2010