Comments on: THE ECONOMY, UNEXPECTEDLY, IS NOT IMPROVING and more… http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/ Standing for faith, family, flag and freedom. Wed, 14 Jul 2010 16:18:13 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Ken Mortland http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1508 Ken Mortland Sun, 14 Feb 2010 16:50:46 +0000 http://www.kirbytalk.com/?p=411#comment-1508 Kirby: Once again, I encourage your readers to watch the speech given by Attorney General Rob McKenna to the 2009 Mainstream Republicans of Washington Cascade Conference. He gives a revealing insight into the causes of the recent economic collapse in the mortgage loan industry and its impact on the economy in general. Seems there's plenty of responsibility to be shared on both sides of the political aisle. You can see the speech on the TVW website listed below. http://www.tvw.org/media/mediaplayer.cfm?evid=2009050013F&TYPE=V&CFID=198526&CFTOKEN=45624166&bhcp=1 Kirby: Once again, I encourage your readers to watch the speech given by Attorney General Rob McKenna to the 2009 Mainstream Republicans of Washington Cascade Conference. He gives a revealing insight into the causes of the recent economic collapse in the mortgage loan industry and its impact on the economy in general. Seems there’s plenty of responsibility to be shared on both sides of the political aisle. You can see the speech on the TVW website listed below.

http://www.tvw.org/media/mediaplayer.cfm?evid=2009050013F&TYPE=V&CFID=198526&CFTOKEN=45624166&bhcp=1

]]> By: Steve http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1315 Steve Mon, 08 Feb 2010 16:57:35 +0000 http://www.kirbytalk.com/?p=411#comment-1315 Kirby: I have to reply to your comment to John about Tariff's contributing to the severity of the Great Depression. This is the most nonsensical economic drivel imaginable that is perpetuated by global corporate interests at the expense of our domestic economy. Just consider this: President Thomas Jefferson inherited a substantial national debt (for his day) left over from the revolutionary war. During his term in office, Jefferson fully retired the national debt, paid for the Louisiana Purchase (doubling the size of the US),and greatly expanded our Naval power while fighting our first foreign war with the Barbary Pirates ("From of Shores of Tripoli"). All of this without imposing any income tax on the people. Imagine that, no income tax! This was paid for by Tariffs, which happen to be the fairest and most efficient method of taxation. With a Tariff system, our economy would be booming with a much lower income tax burden imposed on the people. Of course, our Multinationals would be howling,and they have the Lobbyists and the money to ensure that this perfectly sensible approach is practically off the table. Kirby:
I have to reply to your comment to John about Tariff’s contributing to the severity of the Great Depression. This is the most nonsensical economic drivel imaginable that is perpetuated by global corporate interests at the expense of our domestic economy. Just consider this: President Thomas Jefferson inherited a substantial national debt (for his day) left over from the revolutionary war. During his term in office, Jefferson fully retired the national debt, paid for the Louisiana Purchase (doubling the size of the US),and greatly expanded our Naval power while fighting our first foreign war with the Barbary Pirates (“From of Shores of Tripoli”). All of this without imposing any income tax on the people. Imagine that, no income tax! This was paid for by Tariffs, which happen to be the fairest and most efficient method of taxation. With a Tariff system, our economy would be booming with a much lower income tax burden imposed on the people. Of course, our Multinationals would be howling,and they have the Lobbyists and the money to ensure that this perfectly sensible approach is practically off the table.

]]> By: Kirby Wilbur http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1306 Kirby Wilbur Mon, 08 Feb 2010 06:09:15 +0000 http://www.kirbytalk.com/?p=411#comment-1306 I promise I miss you guys more. I promise I miss you guys more.

]]> By: Kirby Wilbur http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1305 Kirby Wilbur Mon, 08 Feb 2010 06:08:59 +0000 http://www.kirbytalk.com/?p=411#comment-1305 Steve, I recommend reading some Hayek, friedman and Amity Shlaes book about the Depression, The Forgotten Man. I can't believe you are still making excuses for Obama. You are smarter than that. Steve, I recommend reading some Hayek, friedman and Amity Shlaes book about the Depression, The Forgotten Man. I can’t believe you are still making excuses for Obama. You are smarter than that.

]]> By: Kirby Wilbur http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1303 Kirby Wilbur Mon, 08 Feb 2010 06:06:27 +0000 http://www.kirbytalk.com/?p=411#comment-1303 Lisa, you are welcome. Thanks for reading my blog. Lisa, you are welcome. Thanks for reading my blog.

]]> By: Kirby Wilbur http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1302 Kirby Wilbur Mon, 08 Feb 2010 06:05:50 +0000 http://www.kirbytalk.com/?p=411#comment-1302 Great point John. Even the Great Depression started out as a severe downturn, that was worsened by tax hikes, reestriction of the money supply by the Fed and Congress passing the highest tariff in our history. Great point John. Even the Great Depression started out as a severe downturn, that was worsened by tax hikes, reestriction of the money supply by the Fed and Congress passing the highest tariff in our history.

]]> By: Darlene Perez http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1299 Darlene Perez Sun, 07 Feb 2010 22:52:48 +0000 http://www.kirbytalk.com/?p=411#comment-1299 Kerby, We really miss you on the radio. Kerby,
We really miss you on the radio.

]]> By: Renee http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1294 Renee Sun, 07 Feb 2010 03:57:02 +0000 http://www.kirbytalk.com/?p=411#comment-1294 I would like your opinion on a Nova special that I saw last week. A well traveled journalist made a tour of countries that have the "most successful" form of government health care. Japan, England, Germany,Taiwan, and Switzerland were the focus of his research. All people interviewed agreed that no citizen should go bankrupt because of medical costs. All countries had healthier and longer living citizens than even the US. All of the countries were now in deficit spending. I would love to hear your opinion of this special if you can possibly find the program. I DON'T want Obama care but I would like to know if there is anything we can adopt in our system to make serious illness less destructive to our lives. Thanks so much, Renee I would like your opinion on a Nova special that I saw last week. A well traveled journalist made a tour of countries that have the “most successful” form of government health care. Japan, England, Germany,Taiwan, and Switzerland were the focus of his research. All people interviewed agreed that no citizen should go bankrupt because of medical costs. All countries had healthier and longer living citizens than even the US. All of the countries were now in deficit spending. I would love to hear your opinion of this special if you can possibly find the program. I DON’T want Obama care but I would like to know if there is anything we can adopt in our system to make serious illness less destructive to our lives. Thanks so much, Renee

]]> By: Steve http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1293 Steve Sat, 06 Feb 2010 22:12:52 +0000 http://www.kirbytalk.com/?p=411#comment-1293 It was Fed Chairman Ben Bernanke who studied the aftermath of great depression and concluded that it was the lack of fiscal stimulus that permitted the depressed economic conditions to linger for 14 years. Obama is presently in a no win situation; without fiscal stimulus the job losses will continue for years. With fiscal stimulus there will be fewer job losses but greater debt. It was the Bush deficits that created the last credit bubble, the bursting of which led directly to our current economic situation. Plus, this current economic downturn is not simply a cyclical recessionary event that would respond to fiscal stimulus, as during previous cycles. The difference today is that there are 1 billion Chinese who want your job, and who are willing to perform your job for a fraction of the pay you feel you require or deserve. Millions of American jobs have been sent off-shore and there is no end to this phenomenon until Americans are willing to work for wages closer to what the Chinese will accept, or the dollar collapses in value so that the wage differential is narrowed (I am betting on the latter). The real tragedy here is that there are those who do not hesitate to use this crisis for their own political purposes; only criticizing while offering no solutions. It was Fed Chairman Ben Bernanke who studied the aftermath of great depression and concluded that it was the lack of fiscal stimulus that permitted the depressed economic conditions to linger for 14 years. Obama is presently in a no win situation; without fiscal stimulus the job losses will continue for years. With fiscal stimulus there will be fewer job losses but greater debt. It was the Bush deficits that created the last credit bubble, the bursting of which led directly to our current economic situation. Plus, this current economic downturn is not simply a cyclical recessionary event that would respond to fiscal stimulus, as during previous cycles. The difference today is that there are 1 billion Chinese who want your job, and who are willing to perform your job for a fraction of the pay you feel you require or deserve. Millions of American jobs have been sent off-shore and there is no end to this phenomenon until Americans are willing to work for wages closer to what the Chinese will accept, or the dollar collapses in value so that the wage differential is narrowed (I am betting on the latter). The real tragedy here is that there are those who do not hesitate to use this crisis for their own political purposes; only criticizing while offering no solutions.

]]> By: DakotaKid http://www.kirbytalk.com/2010/02/the-economy-unexpectedly-is-not-improving-and-more/comment-page-1/#comment-1285 DakotaKid Fri, 05 Feb 2010 13:58:26 +0000 http://www.kirbytalk.com/?p=411#comment-1285 How is that Hope and Change working out for you? How is that Hope and Change working out for you?

]]>