Saturday, February 13, 2010

Obama Sez: Don't Worry! Be Happy!

Obozo thinks we are all idiots, that we can't see the road that he and the Democrats are leading us down.

But we do have a road song:
Fourteen trillion, two hundred ninety-four billion bottles of beer on the wall.
Fourteen trillion, two hundred ninety-four billion bottles of beer!
If one of those bottles should happen to fall,
Fourteen trillion, two hundred ninety-three billion, nine hundred ninety-nine million, nine hundred ninety-nine thousand, nine hundred ninety-nine bottles of beer on the wall!

From ABC News:

Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion.

The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.

It takes about eight seconds to sing a single stanza of the above refrain. In order to bring it down to the previous debt limit of $12.394 trillion, you'll have to sing non-stop for over 481,000 years.

To bring it back to where it was

If the United States embarks upon the same economic journey that Argentina traveled from 1975 through 1992, Bill Gates estimated 2010 fortune of $60 billion will be worth 60 cents by 2032.

As is always the case with rapid inflation, the price increase in Argentina was fueled by rapid expansion of the money supply. The seigniorage earned from monetary expansion served the needs of the government as a method of taxation that was difficult to avoid and politically easy to enact.

This is what happened to the Weimar Republic in 1923 when the German government was printing 2 Trillion Mark notes; hyperinflation destabilized the country, setting the stage for the ascendancy of the National Socialist Democratic Workers Party - the Nazi's.

Pearl Buck, the American writer who became famous for her novels of China, was in Germany in 1923. She wrote later: "The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."

The fledgling Nazi party, whose attempted coup had failed in 1923, won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it.

This is what is happening right now in Zimbabwe: in 2008 the UK Telegraph reported that, "Inflation levels in Zimbabwe are running at 13.2 billion per cent a month." A month!

In post Second World War Hungary monthly inflation reached 12,950,000,000,000,000 per cent, with prices doubling every 15.6 hours – Zimbabwean prices are currently doubling every 1.3 days.

The most famous hyperinflation, Weimar Germany in 1923, is in a distant fourth place, at 29,525 per cent a month with prices doubling every 3.7 days.

Obozo and the Democrats have another three years to reduce us to this level. This is how the socialists intend to stay in power forever.


Bunni said...

These sneaky snake, I wish someone would cut off his head.
Him and his "transparency" !  WTF, I am so mad now. >:o
Where is the outrage over this.  I can't stand this scum sucking bum.
I need to look at cute kitties to calm my nerves!
Here's a valentine for you, Snarkey, and your talented writers.

sig94 said...

Bunni I think the rage is building. As the old adage goes, "Beware the fury of a patient man." The American people are patient...

Matt said...

The Cloward-Piven mega-debt-bomb.  That is what this is. 

MK said...

Even more debt, unbelievable, the way he's playing with your money and your lives.

Obama will go down as one of the worst.

silverfiddle said...

Oh yeah!  I've been recommending Argentinian history for a long time.  A hundred years ago they were one of the top 10 economies in the world.  Statism, a greedy political class, and failure to adapt to a changing global marketplace did them in.

powdergirl said...

Wow, great post Basterd, very relevant.  I haven't read Pearl Buck for years and yet this brings to mind the old adage about learning from history.

But the pictures man, the pictures... you're a wee bit sadistic with the pictures.

Ron Russell said...

Barack "Himself" Obama is practing a new form of economics on this coutry---something akin to "Krazy Kinky Kenyan Keynesianism" oops one to many "K's"!

The Kid said...

Substitute Girls for Beer and you got a winner !

Karen Howes said...

"Obozo", that's great.

And yeah, if Zimbabwe is any indication of where we're headed, that's not a good thing...

King Shamus said...

Any time you compare anything to Zimbabwe, you know it's not good.

Brooke said...

We are so humped. Even if we stop the politicians today it would take years and years to undo all of the damage they've done. 

Woodsterman said...

That's a great name I hadn't heard yet ... "Obozo". Wow that really fits !

labcat said...

gah, sig! i could've gone all day without seeing that. :)
good post, nice history lesson. i think we're going to need that
many beers to get ourselves through.

Bats Right Throw Right said...

I heard a rumor that you moved back to your old digs.  It's true.  Good thing I never updated my blogroll the last time you moved.

sig94 said...

Substitute beer for Obama and we're even better!

sig94 said...

At the very least we can make their lives miserable for the rest of their pitiful existence.

sig94 said...

If O'Bozo gets his way, that's what we'll all look like in another fifty years. Just another turd world country dependant upon despots for our meager daily bread. That poor peasant pictured above is the result of English socialist dentistry and Russian socialist health care.

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