JB Rocks. RT @SheilaKihne: LOVE @JanetB4RNC mailed lit piece reads: "We win. They lose. Beat the Democrats" Happy to support her...Sat
Let Me Understand This:
We got into this recession because we spent too much money we didn't have on things we couldn't afford and didn't need, so the way out of the recession is for the government to spend MORE money that we don't have on things we can't afford and don't need?
The government tells the banks they had to lend to people who couldn't pay it back, and they did. Then FNMA and FRMC bought these loans from the banks, repackaged and "guaranteed" them, and sold them back to the banks. When the loans go bad, the government bails out FNMA and FRMC, who give the money back to the banks, again? Who made money on this funny-money check-kiting deal, and how much?
The Federal Reserve loans money to its member banks at 0%, which the banks use to buy secure Treasury bills which pay a lucrative 3 or 4%. These T-bills then provide the money the Fed loaned to the bank in the first place. Obama then criticizes the banks for not making enough private loans?
We are told that the only problem with the American health care system is that it costs too much. Congress proposes to solve this by spending an additional Trillion dollars on health care and then raising taxes on insurance companies, device makers, employers and everybody that buys insurance, which will raise costs even more?
We are told this Senate health care bill is the greatest thing in human history, but it has to be passed in the dead of night, using bribes and kickbacks, with nobody knowing what is in it, and with more than half the country opposed to it sight unseen?
We are told that, in order to save the planet, we must reduce the atmosperic concentration of CO2 by something like .0004 percent, and so the "free market solution" is to force everyone into a market for a commodity that has no intrinsic value to either the buyer or seller, and then to take a few trillion dollars off the top of this market and give it to the government?
We are told (by those in the natural gas business, no less) that natural gas is a much better fuel because it produces less CO2 than coal. That is true, because roughly half the energy that comes from burning gas results from burning the hydrogen in it, producing H2O, a more potent greenhouse gas than CO2! So, what are we trying to accomplish, again?
I've tried to understand these things, but it seems like, somewhere, we've all gone through the looking glass.








