Smart. Sharp. Funny. Fearless.
Tuesday, October 25, 2016

South Korea Ship Sinking Anniversary

South Korean conservative activists burn cutout pictures of North Korean national founder the late Kim Il Sung, right, and late leader Kim Jong Il during a rally on Tuesday, March 26, 2013 in Seoul, South Korea, to mark the third anniversary of the sinking of South Korean naval ship “Cheonan,” which killed 46 South Korean sailors.  An explosion ripped apart the 1,200-ton warship, killing 46 sailors near the maritime border with North Korea in 2010. A banner reads: “Bomb at statue of Kim Jong Il and Kim Il Sung.” (AP Photo/Ahn Young-joon)

Click here for reuse options!
Copyright 2013 The National Memo
  • ObozoMustGo

    And now…. The REAL Cartoon Of The Day!

    [click image to enlarge]

    Have a nice day!

    “The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and assistance to foreign lands should be curtailed, lest Rome will become bankrupt. People must again learn to work instead of living on public assistance.” – Cicero, 55 BC – “Apparently, we have learned nothing in 2068 years.” – ObozoMustGo

    • The time to balance the budget is when the economy is booming. W inherited a surplus of a trillion dollars from Clinton, and used the Iraq war as an excuse to turn it into a deficit of a trillion dollars. Just before turning that deficit over to Obama, his reverse Robin Hood policies caught up with him and crashed the economy. It became NECESSARY to run up a bigger deficit to stimulate the economy (although the bank and auto bailouts COULD have been done a bit more efficiently, were it not for the deliberate giveaways W put into the deals), and DESPITE obstruction from Congress, Obama managed to cut the projected annual deficit in half and make a good start on the recovery. The WORST time to cut spending is when the economy needs more stimulation, and the worst WAY to reduce a deficit is to cut emergency assistance to those in need, in order to give favors to those who are already way ahead. The analogy I use is the Dad who runs up the credit cards to get a sports car, then preaches thrift when the kid needs a life saving operation.

      Look at history. Harding and Coolidge presided over a speculation bubble, which burst half a year after their successor, Hoover, was inaugurated. He tried to fix it using “conservative” means for 3 years, to no avail. FDR won by a landslide, and began to heal the worst hurts with the bank insurance and regulation and the New Deal. The only time after the New Deal started that unemployment went back up was when FDR decided to become just a bit conservative and CUT spending. The war gave even conservatives a reason to spend more, gave FDR cover for more stimulus, and finally ended the Depression. Truman’s Fair Deal, GI Bill, and other postwar programs continued the recovery, and even Ike’s mildly conservative policies kept it going (except for a brief dip in 1957).

      Every time conservatives run the economy, they end up wrecking it, and their wealthiest friends benefit from the way they wreck it. Every time liberals get the power to help individuals, they do so, except when conservatives stall the normal functions of government to make their points.

      • ObozoMustGo

        Alan, only an idiot actually believes that crap you’ve written. There is NO WAY that taking money out of the productive sectors of the private economy to give to politicians is good for the economy. There is no way that, in addition, the government must spend future tax revenues (that’s deficit spending for you leftist idiots that don’t understand) in order to benefit the economy today. The only possible scenario under which TEMPORARY deficit spending may have some effect is if the government had balanced budgets or ran a surplus, did not have a debt equivalent to GDP, and ran a surplus a year or two later. Even then, it’s highly doubtful that politicians could somehow mastermind the economy better than the private sector. Clearly, they cannot.

        Any dope that believes these things has been indoctrinated with a bastardized version of Keynesian economics and the false belief in the “multiplier effect” which has NEVER been proven to even exist in reality, only in academic papers. If the multiplier effect works, how come with nearly $7 TRILLION in added debt by Obozo that we have not grown the economy by more than 1%+ per year? Hmmmmmm… good question. Inflation has been much higher than that level of growth. It has not resulted in growth because it cannot result in growth. You cannot take money from the private sector and from the future, give it to government, and get economic growth. You need to scrap that fantasy of yours.

        Finally, you have no idea what you are speaking about when talking about FDR or Harding/Coolidge. FDR was an absolute disaster and was the 2nd socialist president after Wilson. He created the Ponzi schemes of dependency on government by individuals and businesses. He prolonged the depression by 10 years. Harding/Coolidge produced the greatest expansion of the middle class during the Roaring 20’s that America has ever seen. Hoover was not a conservative, either. He believed in big government, a progressive trait, and tried meddling in the economy after the crash of 29. FDR was just Hoover on steroids and in DemonRAT clothes.

        Have a nice day!

        “The great danger to the consumer is the monopoly — whether private or governmental. His most effective protection is free competition at home and free trade throughout the world. The consumer is protected from being exploited by one seller by the existence of another seller from whom he can buy and who is eager to sell to him. Alternative sources of supply protect the consumer far more effectively than all the Ralph Naders of the world.” – Milton Friedman