BrookesNews Jan 6th 2009

BrookesNews Update January 06 2009


BrookesNews Update January 06 2009


Obama's stimulus plan heading for trouble before it even starts
http://brookesnews.com/090501obamanomics.html
By completely misunderstanding economic history Obama has come to believe that state spending is the road to prosperity — never mind the lessons of history, especially the embarrassing fact that this policy failed Roosevelt and also recently failed in Japan. And yet this 'brilliant man' and a leader of the 'reality-based community' genuinely believes otherwise


Economic commentators still clueless about the recession
http://brookesnews.com/090501ausrecession.html
Manufacturing is drowning and the economic punditry blame consumption. The real problem is the manipulation of interest rates by the central banks and how this affects the production structure and relative prices. It is the manipulation of interest — and this alone — that is at the root of the business cycle


Even now the outgoing US Treasury Secretary Hank Paulson cannot get it right
http://brookesnews.com/090501paulson.html
Hank Paulson is a depressing reminder of how deeply rooted many economic fallacies are. According to him the fault for the financial crisis does not lie with domestic monetary policy but with those lousy Chinese who insist on saving instead of whooping it up on over-extended credit cards. That the fed's criminal monetary policy had something to do with never occurred to this genius


Government spending makes recessions worse
http://brookesnews.com/090501obamaspending.html
Laissez-faire economic ideas are currently out of favor but the fact remains that the Krugman and Keynesian policies of bailouts, deficit financing, and public works have never really worked. They didn’t work in the U.S. in the 1930’s; they didn’t work in the 1990’s in Japan


Communist Cuba: 50 Years Of Failure
http://brookesnews.com/090501cuba50years.html
After 50 years of socialism the Castro brothers' gangster regime has succeed in turning Cuba, once one of the world's most prosperous countries — into a slagheap that self-opinionated, callous, Hollywood intellectualoids like Soderbergh, del Toro, Robert Redford, Ed Asner, Oliver Stone, etc., can gloat over while they excoriate America


America tolerates preaching overthrow of government; we didn’t before
http://brookesnews.com/090501islamicsubversion.html
American tolerance for even the sort of dissent that calls for the violent overthrow of the government and for racial hate is unique. If Americans want to preserve independence and freedom, they better wake up and recognize Islam for what it is; it’s not a religion of peace


Green fanatics vs. genetic science
http://brookesnews.com/090501greens.html
The real Frankensteins are greens fanatics and their media mates who have tried to create a monster out of a life-saving technology so they can get it banned. What does this say about them? Plenty, is the answer


Obama's spending spree won't rescue the US economy from recession
http://brookesnews.com/082912obamanomics.html
By setting his face against this policy of expanding capacity and to rely entirely on monetary expansion to promote recovery while at the same time promising higher energy prices in the future and a huge tax hike in 2010 or 2011 Obama will be fuelling uncertainty as well as inflation