Sunday, January 24, 2010

History is about to repeat itself!!!!

It is an old saying, but it is a factual statment and needs to be repeatede again and again: "If you don;t know your History, it tends to repeat itself." What brought about the Great Depression, was two things, Bamk Closings and taxes. It was, in fact, tariff taxes, that prolonged the subject Drepression, That right, it was the Smooth-Hawley Tariff act of l930, which, Preident Hoover, signed into law, against the advise of thousands of economist, not to do that. By raising taxes on our products they, against other nations products, became more expensive. As a result, other countries took advantage of this stupidity, cut their own taxes, and devalule their currency. As a resualt, there products were cheaper than ours and as a result there products outsold ours. Folk s, it is our Government, for the last forty or more years, that has been running, year after year, a deficit--not the people.Prior to 1964, THIS NATION WAS RUNNING A BALANCED BUDGET. iT WAS THE RAPID INCREASE IN sOCIALIZED PROGRAMs THAT HAS, AS OF TODAY, PUT US ON THE ROAD TO bANKRUPTCY. NOW IN HIS INFINITE WIS0O, OBAMA, WANTS TO TAX OUR BANKS MORE. tHIS IS NOTHING BUT OINRANCE OF BASIC ECONOMICS 101. Also, I have to assume, the STUPIDITY OF the Socialist Democraticc Party and its onstiuency. For their information Obama does not have a "Stach" neither he or the government earns money--they only print it and spend it. All taxes are paid by the people. Government by taxing them, is in effect taking our money and wasting it on all two many wastful projets. If taking the citizens momey is good for the government, why not make bank robbing legal. Folks Confiscatory government LENDS ITSELF TO FISCAL ABUSE. Taxes are there to support, acceptable and reqired government actions . It has nver been there for Government to take our money, and run hog wild with it. If this is good for the country, we should have more drunken saiLORS. Or better sTILL, lets make bank robbing legal. ThatS right lets hit the banks real hard on both ends--Let's just have another national bANK closing/shutdown of the Banks! Crazy, studpid, nutty ideas coming out of Washington. BUT, WHAT WHATS NEW/ http://themessengerpage.blogspot.com. The Messenger

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