Author Topic: Sad, but hilarious! Fred Thompson  (Read 732 times)

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Offline Gary G

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Sad, but hilarious! Fred Thompson
« on: December 20, 2008, 01:12:54 PM »
Fred Thompson on Keynesian Economics and our sad state of affairs:
http://www.youtube.com/watch?v=RKc4XFK0iVY
The sole purpose of government is to protect your liberty. The Constitution is not to restrict the people, but to restrict government.  Ron Paul

The two enemies of the people are criminals and government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first. - Thomas Jefferson

“Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone.” — Frederic Bastiat

Offline CannonKrazy

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Re: Sad, but hilarious! Fred Thompson
« Reply #1 on: December 20, 2008, 04:54:52 PM »
Yep it's sad and he is funny but the guy makes more sense than our lying government. At least he has broken it down where a simple minded person should be able to understand it. The bottom line is "you can't spend you way out of debt".

Offline Skunk

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Re: Sad, but hilarious! Fred Thompson
« Reply #2 on: December 21, 2008, 06:57:24 AM »
At least he has broken it down where a simple minded person should be able to understand it.

I agree with you there Cannon, to a certain extent. But, at times while watching the video I got the exact opposite feeling. I was thinking that if the viewer wasn't the type that was up on current events and also didn't understand the condition and causes of our troubled economy, the viewer might come away with the feeling that Fred is actually advocating the new spend policy. My opinion is that Fred might be getting a little too sophisticated at times for the "simple minded" folks who only want to hear about the stimulus checks coming their way and to those who do not have any concern about the overall effect of over spending on the economy.
Mike

"Praise the Lord and Pass the Ammunition" - Frank Loesser

Offline CannonKrazy

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Re: Sad, but hilarious! Fred Thompson
« Reply #3 on: December 21, 2008, 09:32:13 AM »
You are right about the viewer not being well informed. That's a major problem today. There are so many people that aren't informed enough and can't make a good sound decision. This is one of many reasons why our economy is in this mess. Bottom line is that spending money we don't have = debt.

Offline Gary G

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Re: Sad, but hilarious! Fred Thompson
« Reply #4 on: December 21, 2008, 01:16:30 PM »
I hope that some of those that don't understand Fred's satire read your post Skunk.


I'll add this for educational purposes:

Bailout  = taking wealth from A and B to give to C (where C has government ties). A and B are taxpayers.

Tax rebates = taking wealth from A and B to give to C (where C is A and B)

 [The money is usually printed, because government has no wish to shrink. This makes our dollars worth less and in that way inflation is an invisible tax reducing everyones purchasing power.]

Stimulus package = same thing.


[How can taking wealth out of one part of the economy and giving to another part of the economy (which all the same economy) help anything, especially when it passes through government hands on the way?]

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If our government shrank by 50%, the Federal Reserve was eliminated, taxes were correspondingly cut in half, and we went on the Gold standard (to force a balanced budget), our economy would take off so fast that other nations of the world would have to follow suit or be left behind. If we continue as we are, we will soon be a third world country.

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The Dept. of Energy was instituted under Jimmy Carter, after the Arab oil embargo. It was created for the purpose of getting us off foreign oil dependence. They have over 16,000 employees and over 40,000 contract employees, and these are old numbers. Can anyone tell me anything that they have done other than file reports?

The Federal Reserve was founded by JP Morgan and cronies in 1913. Their purpose was to stabilize our money supply. It was their unstable policy that caused the great depression and the crisis we now face. Remember when Greenspan manipulated money supply and rates in 2001, 2002. It was the seed of the present bubble burst.
The sole purpose of government is to protect your liberty. The Constitution is not to restrict the people, but to restrict government.  Ron Paul

The two enemies of the people are criminals and government, so let us tie the second down with the chains of the constitution so the second will not become the legalized version of the first. - Thomas Jefferson

“Everyone wants to live at the expense of the State. They forget that the State lives at the expense of everyone.” — Frederic Bastiat

Offline Skunk

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Re: Sad, but hilarious! Fred Thompson
« Reply #5 on: December 21, 2008, 06:06:28 PM »
Good points there Cannon and Gary.
Mike

"Praise the Lord and Pass the Ammunition" - Frank Loesser