Posted by
ApolloSpeaks on Tuesday, January 17, 2012 8:11:46 AM
Believing it would boost the economy and end the recession President Bush, surrounded by members of Congress, signs the Economic Stimulus Act of 2008. This failed bill foreshadowed the fate of Obamanomics.
It just came to my attention and surprise that the current recession, the longest in US history now in its 49th month, began in December, 2007, and not in September, 2008 as many suppose (
see). That means that when Obama took office in January, 2009 (an ominous day of oath botching and Ted Kennedy collapsing) the recession was in its 13TH MONTH. You can't make this stuff up. Clearly this number is like a curse on Obama.
As 13 is the number of AMERICAN LIBERTY and free enterprise it signals the way forward for ending the recession: ECONOMIC LIBERTY-not government spending, intervention, regulation and taxation which has miserably failed for every US President (Hoover, FDR, Bush, Obama), and for every country that has tried it (Japan (in its 3rd decade of recession*), Greece, Spain, Italy, England, Ireland, Portugal, etc.).
*Teetering on utter financial and economic collapse (perhaps prefigured by the devastating earthquake of last year) Japan has run up a staggering debt of 230% of GDP and is planning to tackle it by doubling its sales tax (
see). GOOD LORD!
In otherwords, our ill-starred, blundering, misguided president entered office when the recession was in its 13th month, in a year with three Friday the 13ths, and when his recession prolonging stimulus bill was passed by the Senate on the first Friday the 13th of the year. Now he's seeking reelection in a year with three Friday the 13ths equally spaced by 13 weeks, and with the economy showing no real signs of improvement.
Forgetting signs and omens for a moment, the reason Obamanomics is failing is simple Economics 101: Obama took $860 billion out of the private sector on the ridiculous, disproven notion that he could spend it more efficently and productively than the private sector. Only a president blinded by ideology and arrogance would think that he possessed more wisdom than the vast, complex private sector where millions of economic and investment decisions are made everyday and needs more freedom from taxation, regulation and litigation to recover. Only a stuck on stupid leftist liberal, (carried away by visions of utopia) would believe that he'd miraculously succeed at government stimulus spending where everyone else had miserably failed because he had more money to spend than any of his predecessors-and, of course, the genius to spend it wisely.
In arguing for the stimulus bill over Republican warnings and objections Obama insisted that the $860 billion package differed from every other such stimulus in history because, and I quote, it was "the right size and right scope with the right priorities..." for jump starting a robust recovery and creating millions of jobs (see). After 35 months (and Obama crying that the stimulus was undersized) only the deficit and debt are robust, while the economy is predictably flat on its back with a real unemployment rate of 11.4%+.
But returning to the dreadful number 13 (dreadful for anti-Constitutional statists like Obama), an early sign foreshadowing that Obama's stimulus would flop was the Bush stimulus of February, 2008. This $170 billion package to end the recession, and help a Republican win the presidency, was signed into law by President Bush on guess what day? THE 13TH DAY OF THE MONTH (see)-exactly one year to the day that Obama's stimulus was victoriously passed by the Senate. Truth is stranger than fiction. You can't make this stuff up.
Major websites linking this piece are as follows (click and see):