Posts Tagged ‘prolonged Great Depression’

Following Obama Into Hell: California Leads The Nation In Taxing Both Its Citizens And Itself Into Mediocrity

April 18, 2013

Liberalism and the Democrat Party that stands for secular progressive liberalism NEVER fails to deliver failure; just as they never fail to deliver on demagoguery to blame others for their failure.

That has been the one constant thing about Obama’s God damn America that his spiritual mentor and “reverend” prophesied.

Want stifling regulations?  Vote Democrat.  ObamaCare was a cancer surgically inserted into the bowels of America’s health care system.  It was designed to kill that system and leave nothing behind but socialism.  In terms of regulations, the 2,700 pages of “we have to pass the bill so that you can find out what is in it” ObamaCare have so far equalled more than 20,000 pages of sweeping new regulations US News & World Report told us that just six pages of ObamaCare equaled 429 pages of regulations.

And it’s supposed to be some kind of mystery that Senator Max Baucus – one of the top Democrat Senators who created this monster in the first place – is now warning that the unmitigated disaster of ObamaCare is going to be a train wreck if there ever was one.

But don’t worry, liberals.  Because Democrats – the most dishonest and hypocritical people in the entire history of the world – are already hard at work blaming Republicans for the abject failure of ObamaCare.

Obama’s regulations have been a nightmare that have added up to well over $2 trillion in hidden taxes.  And small businesses have been driven OUT of business trying to comply with the burdens Obama keeps piling on their backs.

Our economy is in a shambles.  This is THE worst “recovery” in history under Obama.  The man who looked a nation in the eye and deceitfully claimed that his stimulus would create millions of “shovel-ready jobs” – only later to joke that  “Shovel-ready was not as … uh .. shovel-ready as we expected” –  later acknowledged in spite of his lies that there never WERE any shovel-ready jobs to begin with.

It didn’t matter.  America is like Nazi Germany now.  It doesn’t matter how many lies our Führer tells us; we still want to worship him so badly it hurts (literally!).  And so as big of a big lie as “shovel-ready” was, it was a huge buzzword for him that struck political gold.  He never had to answer for his lies because he kept shifting the blame for his promises and demagoguing somebody else.  And the liberal mainstream media eagerly participated in the lie to cover up for Obama’s past lies.

The fact of the matter is that Obama’s “American Reinvestment and Recovery Act” aka “the Stimulus” actually RAISED the unemployment rate.  The stimulus was a failure that cost America not a mere $862 billion but actually more like $3.27 TRILLION.  But after so many trillions of dollars pissed away from America’s grandchildren, who is even counting?  Or as Hillary Clinton said – in dismissing yet another Obama scandal and debacle – “what difference at this point does it make?

And the answer, of course, is none at all.  Truth is irrelevant and facts don’t matter in God damn America.  That’s why we’re going to go down harder than any nation in history has EVER gone down.

I am reminded of the similarity between Obama and FDR that liberals themselves made in Newseek Magazine when Obama took office.  I am reminded that FDR prolonged the Great Depression by seven miserable years with all of his liberal social re-engineering and his massive government takeover of the economy.  And I am reminded that FDR was an evil man who is burning in hell right now.

Just like Obama will be.  And just like California arguably already IS (and see here).

Look over this list of taxes that secular humanist government worshipers have inflicted on the residents of California.  See how many of them are going to hit the little guy – unless little guys don’t buy cars and never buy gasoline to put in those cars – and then think of Obama promising that your taxes wouldn’t go up one DIME only to lie to you like the liar he is.

Soaking California taxpayers, again 
For the politicians in Sacramento, there can never be enough revenue or regulation.
By Lloyd Billingsley
April 17, 2013

California to raise gas tax

Gas prices are displayed as a motorcyclist pumps gas into his motorcycle at a Chevron gas station San Francisco. The California Board of Equalization recently voted to implement a statewide excise tax on gasoline starting July 1 that will increase the tax by 3.5 cents to 39.5 cents per gallon. (Justin Sullivan / Getty Images / March 1, 2013)

Now that they have filed their income tax returns and written their checks, many Californians are starting to realize that government greed is no laughing matter.

In November, California voters approved Proposition 30, raising the state’s top income tax rate to 13.3%, an increase of more than 29%. The state sales tax now ranges from 7.5% to 10%, the highest statewide rate in the nation.

The tax increases are supposed to raise an additional $6 billion in revenue. But that’s not enough for California politicians. They want more.

The California State Board of Equalization, for example — a government agency that collects sales, fuel, alcohol, tobacco and “use” taxes — recently approved a 9% increase in the excise tax on gasoline, raising it to 39.5 cents a gallon effective July 1. That’s a large increase in a state where businesses and workers depend heavily on their cars and gas prices already average more than $4 a gallon.

There’s more coming from the Legislature. Assembly Bill 1002 would raise the $46 basic annual vehicle registration and renewal fee by $6, supposedly to encourage greater use of bicycles, buses and other transportation modes with smaller carbon footprints than cars.

Senate Bill 700 would require Californians to pay 5 cents for every paper and plastic shopping bag they get at the store, supposedly to raise money for cities and parks.

SB 622 would tax consumers a penny an ounce when they purchase bottled tea, sport drinks, energy drinks and other beverages. That would add nearly $1 to the price of a six-pack of 16-ounce sodas. The excuse for this is to fight childhood obesity and dental disease.

SB 391 would impose an additional $75 state fee on top of existing county charges for recording various legal documents in real estate transactions, such as deeds, liens and so forth. This measure will supposedly support affordable housing.

In the war against gun violence, AB 760 would impose a 5 cents a bullet sales tax on ammunition purchases, on top of the existing sales tax. The supposed purpose of this new tax is to fund expanded mental health services.

Under SB 782, bars and restaurants that serve alcoholic beverages and offer adult entertainment, such as exotic dancing, would get slapped with a $10 a person fun tax — or is it a sin tax? These funds supposedly would be used to prevent sexual assault and provide treatment for victims.

California politicians also are intent on making it more expensive and cumbersome to operate businesses in the Golden State, even as the state’s unemployment rate stands at 9.6%, one of the highest in the nation.

SB 254, the Used Mattress Recovery and Recycling Act, seeks to eliminate the blight of illegally dumped mattresses. It would do so by requiring mattress manufacturers to submit recovery and recycling plans to the state, with the goal of a 75% compliance rate by 2020. The bill would require mattress retailers to pick up the old mattress when they deliver a new one, and would be funded by a “quarterly administrative fee” paid by manufacturers (which, of course, in the real world would undoubtedly be passed on to consumers).

The authors of these proposed measures are unable to predict with any certainty how much revenue they would bring in if they became law. But the proposals make it clear that the hundreds of millions of dollars that California already spends on affordable-housing, mental health and other government programs will never be enough. The politicians will always want more.

Onerous regulations, false promises of fiscal responsibility and the relentless quest for more revenue have become hallmarks of California government.

Lloyd Billingsley is communications counsel for the Independent Institute in Oakland.

People are fleeing California like rats fleeing a sinking ship.  All the highest-taxed states have the worst deficits.  All the lowest-taxed states have the lowest deficits.  But that math is beyond rocket science to liberals for whom reality is irrelevant compared to their glorious Marxist theory.

You literally have to be demon-possessed to believe that you can tax your way into prosperity. But “demon-possessed” is exactly the state America – and the state of the leading state in God damn America – is in right now.

California deserves it.  As does every single American.  You ALL deserve to pay shockingly high taxes to pay for your emperor.  And the poorer you are, the more tax you deserve to pay for your part in this national wickedness in re-electing this wicked man.

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Americans Decide They Don’t Want Another Great Depression, Turn To GOP In Greatest Numbers Since 1930

September 9, 2010

Hmmm, do we want to go back to FDR and keep the Great Depression running like a Merry Go Round, or do we want to get off that particular ride?

Apparently, Americans are deciding that they don’t want the next liberal demagogue who will keep the country in a perpetual state of suffering.

GOP Turnout Exceeding Democrats’ For First Time Since 1930
By Ed Carson
Wed., Sept. 08, 2010 3:59 PM ET
Tags: Elections – Republicans – Democrats

Republican primary turnout for statewide offices is outpacing the Democratic vote for the first time since 1930, according to election expert Curtis Gans of the American University.

* The share of Americans voting in GOP primaries hit 10.5%, up from 8.2% in the 2006 primaries and the highest since 1970.

* The share of Americans voting in Democratic primaries was a record low of 8.3%.

* Republican turnout in their statewide primaries exceeded Democratic turnout by over 4 million votes.

A wide variety of polls and individual primaries have pointed to a big Republican enthusiasm gap vs. gloomy Democrats, but this survey offers a comprehensive look at actual voting patterns. “If there is an analagous election, it could be that of 1994, where the Democrats lost massively,” the report says.

The full report is here (pdf).

And you can express it negatively, too:

Study: Democratic turnout for primaries lowest in 80 years

During the 1930s America had King Überüberliberal FDR (at least before Obama came along to strip him of the title), to go along with more Democrats than you could shake a stick at, running and ruining the country.

And no matter how badly FDR and the Democrats in Congress failed, or for how long they kept failing, Americans just kept re-electing them.

Here’s another article about those days:

FDR’s policies prolonged Depression by 7 years, UCLA economists calculate
By Meg Sullivan
8/10/2004 12:23:12 PM

Two UCLA economists say they have figured out why the Great Depression dragged on for almost 15 years, and they blame a suspect previously thought to be beyond reproach: President Franklin D. Roosevelt.

After scrutinizing Roosevelt’s record for four years, Harold L. Cole and Lee E. Ohanian conclude in a new study that New Deal policies signed into law 71 years ago thwarted economic recovery for seven long years.

“Why the Great Depression lasted so long has always been a great mystery, and because we never really knew the reason, we have always worried whether we would have another 10- to 15-year economic slump,” said Ohanian, vice chair of UCLA’s Department of Economics. “We found that a relapse isn’t likely unless lawmakers gum up a recovery with ill-conceived stimulus policies.”

In an article in the August issue of the Journal of Political Economy, Ohanian and Cole blame specific anti-competition and pro-labor measures that Roosevelt promoted and signed into law June 16, 1933.

“President Roosevelt believed that excessive competition was responsible for the Depression by reducing prices and wages, and by extension reducing employment and demand for goods and services,” said Cole, also a UCLA professor of economics. “So he came up with a recovery package that would be unimaginable today, allowing businesses in every industry to collude without the threat of antitrust prosecution and workers to demand salaries about 25 percent above where they ought to have been, given market forces. The economy was poised for a beautiful recovery, but that recovery was stalled by these misguided policies.”

Using data collected in 1929 by the Conference Board and the Bureau of Labor Statistics, Cole and Ohanian were able to establish average wages and prices across a range of industries just prior to the Depression. By adjusting for annual increases in productivity, they were able to use the 1929 benchmark to figure out what prices and wages would have been during every year of the Depression had Roosevelt’s policies not gone into effect. They then compared those figures with actual prices and wages as reflected in the Conference Board data.

In the three years following the implementation of Roosevelt’s policies, wages in 11 key industries averaged 25 percent higher than they otherwise would have done, the economists calculate. But unemployment was also 25 percent higher than it should have been, given gains in productivity.

Meanwhile, prices across 19 industries averaged 23 percent above where they should have been, given the state of the economy. With goods and services that much harder for consumers to afford, demand stalled and the gross national product floundered at 27 percent below where it otherwise might have been.

“High wages and high prices in an economic slump run contrary to everything we know about market forces in economic downturns,” Ohanian said. “As we’ve seen in the past several years, salaries and prices fall when unemployment is high. By artificially inflating both, the New Deal policies short-circuited the market’s self-correcting forces.”

The policies were contained in the National Industrial Recovery Act (NIRA), which exempted industries from antitrust prosecution if they agreed to enter into collective bargaining agreements that significantly raised wages. Because protection from antitrust prosecution all but ensured higher prices for goods and services, a wide range of industries took the bait, Cole and Ohanian found. By 1934 more than 500 industries, which accounted for nearly 80 percent of private, non-agricultural employment, had entered into the collective bargaining agreements called for under NIRA.

Cole and Ohanian calculate that NIRA and its aftermath account for 60 percent of the weak recovery. Without the policies, they contend that the Depression would have ended in 1936 instead of the year when they believe the slump actually ended: 1943.

Roosevelt’s role in lifting the nation out of the Great Depression has been so revered that Time magazine readers cited it in 1999 when naming him the 20th century’s second-most influential figure.

“This is exciting and valuable research,” said Robert E. Lucas Jr., the 1995 Nobel Laureate in economics, and the John Dewey Distinguished Service Professor of Economics at the University of Chicago. “The prevention and cure of depressions is a central mission of macroeconomics, and if we can’t understand what happened in the 1930s, how can we be sure it won’t happen again?”

NIRA’s role in prolonging the Depression has not been more closely scrutinized because the Supreme Court declared the act unconstitutional within two years of its passage.

“Historians have assumed that the policies didn’t have an impact because they were too short-lived, but the proof is in the pudding,” Ohanian said. “We show that they really did artificially inflate wages and prices.”

Even after being deemed unconstitutional, Roosevelt’s anti-competition policies persisted — albeit under a different guise, the scholars found. Ohanian and Cole painstakingly documented the extent to which the Roosevelt administration looked the other way as industries once protected by NIRA continued to engage in price-fixing practices for four more years.

The number of antitrust cases brought by the Department of Justice fell from an average of 12.5 cases per year during the 1920s to an average of 6.5 cases per year from 1935 to 1938, the scholars found. Collusion had become so widespread that one Department of Interior official complained of receiving identical bids from a protected industry (steel) on 257 different occasions between mid-1935 and mid-1936. The bids were not only identical but also 50 percent higher than foreign steel prices. Without competition, wholesale prices remained inflated, averaging 14 percent higher than they would have been without the troublesome practices, the UCLA economists calculate.

NIRA’s labor provisions, meanwhile, were strengthened in the National Relations Act, signed into law in 1935. As union membership doubled, so did labor’s bargaining power, rising from 14 million strike days in 1936 to about 28 million in 1937. By 1939 wages in protected industries remained 24 percent to 33 percent above where they should have been, based on 1929 figures, Cole and Ohanian calculate. Unemployment persisted. By 1939 the U.S. unemployment rate was 17.2 percent, down somewhat from its 1933 peak of 24.9 percent but still remarkably high. By comparison, in May 2003, the unemployment rate of 6.1 percent was the highest in nine years.

Recovery came only after the Department of Justice dramatically stepped enforcement of antitrust cases nearly four-fold and organized labor suffered a string of setbacks, the economists found.

“The fact that the Depression dragged on for years convinced generations of economists and policy-makers that capitalism could not be trusted to recover from depressions and that significant government intervention was required to achieve good outcomes,” Cole said. “Ironically, our work shows that the recovery would have been very rapid had the government not intervened.”

-UCLA-

LSMS368

One of the greatest indictments of FDR’s legacy comes from FDR’s own Treasury Secretary and closest personal friend:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enought to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!” – Henry Morganthau, FDR’s Treasury Secretary, May 1939

In April 1939, after those two terms in office, unemployment was at 20.7%.  Morganthau was an honest enough man to admit that his and FDR’s policies had utterly failed.  But generations of dishonest liberal propagandist journalists and historians merely ignored Morganthau’s honest and accurate admission and heralded the man who did more to drive America into socialism than anyone until one Barack Hussein Obama stepped onto the scene.

FDR’s failure to do anything but further destroy the American economy becomes critical because Obama has been widely viewed as the 2nd incarnation of FDR.

I mean, the SAME Time Magazine that thought FDR walked on water gave us this cover:

And we don’t want that guy.  He’s the LAST thing we should want.  Because we don’t want to linger in the great misery of the Great Depression for year after year.

And thank God more Americans are realizing the Obama-as-FDR fraud than at any time since FDR came along to lead America into unparalleled misery.