"THE INVISIBLE HAND . . ."

CREATE OR SAVE JOBS IS PLAIN OBAMA NEWSPEAK

"I WILL SAVE 600,000 JOBS BY THE END OF SUMMER"

Obama repackaged old promises today, of creating/saving 600,000 jobs by summers end.  Funny thing, the stimulus package that passed in February was to create/save 3.5 million jobs, but even with the huge bailouts and mighty government spending unemployment is rising.  Obama sensing that the American people are starting to show their anguish by dropping approval ratings, Obama continues the newspeak.   

Newspeak defined by Merriam-Webster dictionary:

new•speak (’nü-”spEk, ‘nyü-), noun, Usage: often capitalized. : propagandistic language marked by euphemism, circumlocution, and the inversion of customary meanings. Etymology: Newspeak, a language “designed to diminish the range of thought,” in the novel 1984 (1949) by George Orwell. Date: 1950

Create/save, is like having it both ways, Obama cannot lose.  Why you ask?  Because job creation can be measured at a specific point in time, but job saving sounds good but is unmeasurable.

On February 19, 2009, Greg Mankiw a economics professor at Harvard University wrote in his blog the seminal article on "Create and Save."

Mr. Mankiw starts the discussion with a question that Obama answered at his own press conference on February 9 his thinking then is still apropos to today's Obama's newspeak in regard to saving jobs:

Question: The American people have seen hundreds of billions of dollars spent already, and still the economy continues to free-fall. Beyond avoiding the national catastrophe that you've warned about, once all the legs of your stool are in place, how can the American people gage whether or not your programs are working? Can they — should they be looking at the metric of the stock market, home foreclosures, unemployment? What metric should they use? When? And how will they know if it's working, or whether or not we need to go to a plan B?

Answer: I think my initial measure of success is creating or saving 4 million jobs. That's bottom line No. 1, because if people are working, then they've got enough confidence to make purchases, to make investments. Businesses start seeing that consumers are out there with a little more confidence, and they start making investments, which means they start hiring workers. So step No. 1, job creation.

The expression "create or save," which has been used regularly by the President and his economic team, is an act of political genius. You can measure how many jobs are created between two points in time. But there is no way to measure how many jobs are saved. Even if things get much, much worse, the President can say that there would have been 4 million fewer jobs without the stimulus.

Political genius indeed or newspeak genius, Obama is having it both ways when he says he is saving jobs even though thousands upon thousands of Americans have lost their job.   The newspeak continues . . .

-LEX REX

I FEEL STIMULATED ALREADY, OBAMA IF YOU READ THIS I WILL BUY YOU A BIG MAC!!

1079 OF UNREAD PAGES SIGNED INTO LAW

Never sign a document you have never read, my law professor in contracts explained, hmm sounds like good practical advice.   So how does a Bill become a Law?  Well we have a massive law at this moment, the Stimulus (SUCCUBUS) Bill that no one has read, in the days, maybe even into the months ahead the veil will be lifted and will have a clear idea of all the little details that are inside this massive bill, the bill that is too big to read, but not too big to sign into law.  Read Full Story

You know this reminds me of the time in college, I had a professor that assigned weekly papers.  I knew deep in my heart he did not read them, so I devised a plan.  On my next paper, I put into the middle of the paper this sentence:  "If you read this, I will buy you a Big Mac!!!!!"  Guess what, I never had to buy that professor a Big Mac.  Maybe in this 1079 pages, all Americans will get a free Big Mac, or maybe free Health Care, or maybe free car insurance, or maybe free life insurance, or maybe a free lawyer, whenever you need one?  Who knows, but I am hoping for the Big Mac.  

I do know this, I feel stimulated already, hoping for my free BIG MAC, and so does Missouri, soon after Obama signed the Bill into law work began in Missouri on a bridge the first project under the stimulus bill.

READ FULL STORY

SO where is my free Big Mac?  I probably will not get a free Big Mac out of the deal, but we may get another stimulus, while signing the bill Obama hinted that this may not be enough, we may have to reverse, this may be a failure, so has the bill already failed?  In the WORDS OF OBAMA:

Today does not mark the end of our economic troubles. Nor does it constitute all of what we must do to turn our economy around. But it does mark the beginning of the end -- the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs, to provide relief for families worried they won't be able to pay next month's bills and to set our economy on a firmer foundation, paving the way to long-term growth and prosperity.

SUCCUBUS II coming to the USA, soon, very soon  . . . . to be continued.

-LEX REX

THANKS TIM, DRUDGE REPORTS, BUT DON'T BLAME TIM HE IS JUST THE MESSENGER

THANKS TIM

This is the headline on Drudge Report, and it leads to this story on CNBC News, 

Stocks Tumble as Bailout Plan Is Unveiled

The Dow Jones Industrial Average was down nearly 300 points after Treasury 

Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip 

index was down less than 100 points.

Some market pros said the market selloff was simply a case of 

buy on the rumor, sell on the news. Tony Crescenzi of Miller Tabak said 

Geithner spoke to the wrong street: Main Street instead of Wall Stree"The problem is that Geithner needed to speak more to Wall Street, where the problems lie, 

rather than stay at a distance as he did, and leave Wall Street with too few details 

with no roadmap by how it might find its way out of current difficulties," Crescenzi wrote 

in a note to clients.

The "Financial Stability Plan," as it's now called, consists of four main components:

1) It will set up a public-private fund to mop up to $500 billion of spoiled bank assets.

2) It will set up a consumer-lending facility to support up to $1 trillion in new lending.

3) It will devote up to $50 billion to help stem home foreclosures.

4) It will provide new funding to banks after a "stress test" to determine if the bank is healthy.

Some market watchers remain skeptical over the benefits of the plan and legendary 

investor Jim Rogers told CNBC it could even make things worse. 

The bailout will plunge the US further into debt and it is designed by 

the same people who failed to forecast the crisis in the first place, Rogers said.

However, the Drudge Report is incorrect, Tim Geithner is only the messenger, the real culprit and benefactor of our praise should be President Barack Obama and all the Euopean Socialists in Congress who back the Stimulus, I mean SUCCUBUS bill.   Meanwhile GOLD went up 1.87% as Tim was being the message boy.  You know I feel like I am watching one of those movies, that by the first 10 minutes I know how it is going to end and You hate the ending.  Well the USA is in one of those movies and the American People are going to hate the ending.

-LEX REX

DEFEAT OBAMA'S SUCCUBUS IS NOT A LOST CAUSE: FILIBUSTER

To Defeat Obama's Stimulus Bill is not a "LOST CAUSE"  Senate Republicans, It is looking as if the Senate Republicans are uniting to defeat Obama's SUCCUBUS.  If you love great movies, then you know about "LOST CAUSES," you see in the 1939 movie, Mr. Smith Goes to Washington a junior Senator filibusters for a lost cause.  The Republicans in the Senate need to show the kind of resolve that Senator Smith (James Stewart) used in filibustering a bill filled with graft and greed.   

Mr. Smith:  You think I'm licked. You all think I'm licked! Well, I'm not licked. And I'm going to stay right here and fight for this lost cause, even if this room gets filled with lies like these; and the Taylors and all their armies come marching into this place. Somebody will listen to me.

I just pray the reports that I am hearing and reading that the Senate Republicans fight for this cause LIBERTY & FREEDOM, because if SUCCUBUS passes that is what will be lost.

 Senate Republicans May Use Filibuster to Block Stimulus

  (CNSNews.com) – Republican senators who oppose the $819 billion economic stimulus plan passed in the House Wednesday declined to say whether they personally would lead a filibuster to try to stop the legislation in the Senate. But they said a filibuster is an option and they are developing a strategy to stop the bill.

The House bill passed 244 to 188. No Republicans voted for the legislation and 11 Democrats also opposed it. As this story went to press, GOP senators indicated they were working on a coordinated plan with Senate Republican Whip Jon Kyl (R-Ariz.) and that a filibuster is a possible part of that plan.

“I think its going to take 60 votes to pass the bill,” Sen. Jeff Sessions (R-Ala.) told CNSNews.com, indicating the likelihood of a filibuster. It takes 60 votes to stop a filibuster, which occurs when a senator blocks legislation by refusing to yield the floor.

“Whatever we can do, whether offering amendments, whether voting against the bill because it could not be amended, or whatever parliamentary possibilities are in front of us we will explore because this isn’t about playing the game,” Sen. Kyl told CNSNews.com when asked whether he would filibuster the bill or encourage his colleagues to do so.

Kyl and 10 other GOP senators participated in a press conference Thursday in which they expressed dissatisfaction with the stimulus bill’s content. They also said it was highly unlikely that Democrats would allow the bill to be altered before it was voted on.

SENATE REPUBLICANS DEFEAT SUCCUBUS, STAND TOGETHER & FILIBUSTER OUR NATION, OUR LIBERTY, OUR FREEDOM, DEPEND UPON YOU.

 

-LEX REX

TO SUCCUBUS OR TO DO NOTHING, THE BEST RESPONSE IS TO DO NOTHING

Rahn Emmanuel is on  record saying that, "Never let a serious crisis go to waste. What I mean by that is it's an opportunity to do things you couldn't do before."   President Barak Obama is using the economic downturn to bring an EUROPEAN SOCIALISM TO THE USA, through his STIMULUS BILL.  The REPUBLICANS in the House and many economists, business owners and fiscal responsible Americans are saying enough is enough.  However, there is a strong case for doing nothing, let the recession play out its course.  In fact the POLITICO reported, THE CASE FOR DOING NOTHING  Instead of fighting over what should go in the economic stimulus bill, pitting infrastructure spending against tax cuts and contractors against contraceptives, they say lawmakers should be fighting against the very idea of any economic stimulus at all. Call them the Do-Nothing Crowd. 

“The economy was too big. It was all phantom wealth borrowed from abroad,” says Andrew Schiff, an investment consultant at Euro Pacific Capital and a card-carrying member of the stand-tall-against-the-stimulus lobby. “All this stimulus money is geared toward getting consumers spending and borrowing again. But spending and borrowing were the problem in the first place.” 

Washington has a habit of passing legislation in a crisis and suffering from morning-after regrets — the Iraq war, the Patriot Act and last year’s original bank bailout plan come to mind. So we thought it would be wise to air the views of the naysayers toward Washington’s latest consensus approach.   READ FULL STORY

The best name for this stimulus bill was coined by the Mike Church show on Sirius Patriot 144, he is calling the Stimulus bill SUCCUBUS, you ask what is a SUCCUBUS, well you can watch the SOUTHPARK video after you read this, but SUCCUBUS is this stimulus bill, because it sucks the life out of our free-market economy and it brings about a tyranny that controls every aspect of our lives, just like this bill would do.  Here is Mike Church:  "Once again, don’t you – I don’t want to ever catch you people calling this stimulus “stimulus” any longer.  It’s succubus.  It sucks the life out of the economy, just like the succubus.  And so an alternative was offered here.  Now, I’m not completely sold on the alternative.  I’ve already given you – [whiny voice] well, Mike Church, what makes you so smart?  Give us your economic recovery plan.  I’ve already given it to you.  I’ve already told – I’ll reiterate it again.  Let me give you the alternative plan, bipartisan plan here.  Bipartisan because it’ll save you liberals’ asses, too.

One, cut the capital gains tax rate to 0.0.  Did you hear me?  Zero point – no capital gains tax.  This will encourage people to cash in assets that they have and to invest them in productive measures because they don’t believe they’re going to get a return in the market.  So they’re just holding right now.  And they don’t...."

I do not know if the Republicans in the Senate can defeat the SUCCUBUS, but our very existence as a free-market capitalism depends on that, so lets DO NOTHING AND DEFEAT THE SUCCUBUS.

South Park Succubus
 

-LEX REX