Wayne Root: Obamageddon: Signs That Obama’s Great Depression Has Begun

By Wayne Allyn Root, Former Libertarian Vice Presidential Nominee and Author of “The Conscience of a Libertarian”

The best professional poker players in the world earn millions by reading and reacting to “tells,” their opponents’ verbal and nonverbal traits. They notice the way an opponent is smiling, frowning, laughing, tapping their hands, sweating, or blinking their eyes. All these “tells” can be a sign of their opponent’s cards. The ability to read “tells” is the difference between living the life of your dreams versus bankruptcy and depression.

The same holds true in deciphering our economic troubles. If you’ve been paying attention to the news, several ominous signs have appeared that foretell economic disaster. After reading these “tells” or signs, I believe you’ll agree we are entering “Obamageddon” – Obama’s Great Depression.

The first sign is the fact Bill Gross, head of the world’s largest bond fund (PIMCO), has just sold all his domestic government bond holdings. Every single dollar. Do you have any idea what that means? In my opinion Bill Gross is one of the ten smartest men on this planet. He knows everything about the economy and bonds. His sell-off indicates he believes local, state and our federal government are all on the verge of disaster — insolvency, bankruptcy, and default on bond obligations. To add insult to injury, Gross disclosed he bought emerging market bonds with the money from the sale of U.S. bonds. That means Gross has more faith in Brazil, Russia and African nations than the U.S.A. The Great Gross sell-off is a sign of economic Armageddon.

The next “tell” of economic disaster is even more ominous. Wall Street insiders are startled at how much money the Fed is pumping into the financial system. With over $500 Billion pumped in during just the past three months, the vertical line for 2011 now reaches straight to the stars — a sign of complete financial panic. The last time such large amounts of money were pumped into the system was in the fall of 2008, when the U.S. economic system was on the verge of epic collapse. What has the Fed so scared at this moment? What is happening behind the scenes to cause such panic?

The next “tell” is that secretive Fed officials normally do not talk publicly about how bad things are. That’s why it is so frightening that, only days ago, Dallas Federal Reserve President Richard Fisher admitted in a media interview “the U.S. is on a fiscal path towards insolvency…” Expecting candor from Fed officials is like expecting an honest answer when asking O.J. whether he killed Nicole. Good luck. When a Fed official talks about “fiscal insolvency,” it’s time to get concerned, very concerned.

The next “tell” is a recent housing study proving the housing market is actually worse off now than in the depths of the Great Depression. From 1929 to 1932 new home sales in the United States declined 80%. From 2005 to today, new home sales have plunged 82%. Even more frightening, the plunge seems to be accelerating. How low can it go?

Other disastrous “tells” that financial Armageddon is upon us are new reports that the consumer confidence index just suffered the 5th largest drop in history, and inflation at the producer level just spiked up in the largest one-month rise since the dreaded inflation and economic malaise of the 1970’s. Let’s sum up the frightening news – Wall Street superstars like Bill Gross are panicking, the Fed is panicking, housing prices are headed to junk bond status, inflation is raging, and consumers are in a state of panic before reading this commentary.

The final “tell” is moronic leftist moviemaker Michael Moore recently stating that America is not broke. He thinks we have plenty of money to keep spending on entitlements, more stimulus, and obscene pensions for millions of government employees. Moore is the guy who thinks Cuba’s medical system is better than ours. He obviously thinks the answer to unsustainable debt and spending addiction is…more spending. Someone needs to make a movie about Moore’s life called “Michael Moore is a Big Fat Bloated Spending Addict.”

Moore is a symbol of the delusional thinking of Obama and his entire socialist cabal, which has wrecked the U.S. economy, spent us into insolvency, encouraged our entitlement addiction, and left us at the brink of economic Armageddon. If Moore thinks we aren’t broke, that could be “the tell” that we are already past the point of no return.

I believe these “tells” are sure signs that Obamageddon: The Great Obama Depression has arrived. We are inches from a cliff as high as the Grand Canyon. How we respond will determine if America survives, or we face the same fate as other great empires (Greek, Roman, British) that self-destructed based on mountains of debt, entitlements, welfare, corruption, too many citizens working for or dependent on government, and great armies spread throughout the globe fighting expensive wars. Forget the Great Depression of 1929. This life or death struggle to save America from Obamageddon will be the most dramatic, difficult and dangerous since 1776.

I say to my fellow patriots and freedom fighters — Libertarians, Conservatives and Tea Partiers — let’s lead the charge. Winston Churchill wouldn’t allow Great Britain to fall to Hitler. Through the force of his will, he saved the entire world from a dark ending. We cannot allow the greatest country in world history to fall either. The lives and freedom of our children and grandchildren depend on winning this battle. And we shall.

Wayne Allyn Root is a former Libertarian Vice Presidential nominee. He now serves as Chairman of the Libertarian National Congressional Committee. He is the best-selling author of “The Conscience of a Libertarian: Empowering the Citizen Revolution with God, Guns, Gold & Tax Cuts.” His web site: www.ROOTforAmerica.com.

57 thoughts on “Wayne Root: Obamageddon: Signs That Obama’s Great Depression Has Begun

  1. AroundtheblockAFT

    So we are to “lead the charge” and “win the battle.” I think Churchill and his team knew what concrete steps had to be taken.

    1) What does Wayne suggest ‘we” do now? The election isn’t until Nov.2012. How do we hold off Obamageddon until Wayne is swept into office?
    2) assuming there is nothing that can be done, short of pissing in the wind and running another thousand candidates for judge of election, and recreation commissioner, how can we profit from the coming collapse?

    If one of the ten smartest guys in the world is cashing in his chips, what makes W.A.R. think this inevitable juggernaut can be stopped?

    If the American people will only listen to Libertarians when an epic economic disaster strikes, then W.A.R. should be welcoming it, not urging us to be Henny Penny.

  2. Root's Teeth Are Awesome

    Root doesn’t expect anyone to do anything. Nor does he expect to inform or enlighten.

    This is just another of his cut & paste, boilerplate Obama-bashes. It’s goal is to keep Root’s name in the news, and linked to Obama-bashing.

    It’s called “branding.” Pepsi churns out repetitive ads, to remind people of what Pepsi is. Root churns out repetitive ads to remind people that the Root brand means: “Me no like Obama.”

  3. Eddie

    Why don’t the Libertarians try to reach out to their Green Party “brothers” and work on issues we agree on? Time is passing us by…

    Please don’t wait until 2012 to “let’s work together”

  4. Thomas L. Knapp

    OK, so, yeah, Wayne’s using this as a chance to bash Obama. That’s the usual, and to be expected.

    But in the details, I think he’s largely right.

    I’ve been hearing the “economic doom is JUST AROUND THE CORNER!!!!!!” stuff since I was a kid in the 70s, and I’ve usually — and often publicly — discounted it, but all indicators are that the stream of shit hitting the economic fan is set to get thicker and smellier in a big way over the near term.

  5. Tom Blanton

    A lot of “Wall Street Insiders” love the Fed and welcome a QE3 and QE4, too. If there wasn’t more money floating around than there are investments, the DOW would half of what it is now – based on P/E ratios.

    Plus all the loose money is fun to speculate with, driving up the price of commodities.

    The thing is, is Obama running the Fed or is the Fed running Obama?

    Is the GOP House passing the spending bills or is Obama?

    Is there a GOP Senator putting a hold on spending bills in the Senate? If not, why not?

    If Obama disappeared tomorrow, what would change?

    Wayne was so busy writing checks to Joe Lieberman that he missed the fact that Obamageddon started years ago and just keeps getting worse.

    But, to be fair, Millionaire Republicans didn’t talk about such things back then.

    So, let’s lead the charge.

    I think Wayne is telling us to vote GOP in 2012 to make sure Obama doesn’t get elected.

    As for Bill Gross, maybe he is trying to send signals that the muni-bond market is about to crash in hopes that it will. Then he can go in and pickup the decent ones for pennies on the dollar.

  6. Michael H. Wilson

    There are a number of ways to measure the quality of healthcare and infant mortality is one of them. If we use that one then Cuba, which has a lower infant mortality rate than the U.S., does have a better heathcare system.

    Once again facts need to checked.

  7. Robert Capozzi

    I’m not sure Gross is necessarily anticipating “Obamageddon.” It seems to be in part because PIMCO is betting that rates can only go up from here. The Fed can only push the rope so far, even on its own terms.

    Default risk has also increased, surely.

  8. Thomas L. Knapp

    JD@12,

    Actually, that’s objective pro-Obama. “My opponents are not only batshit insane, but can’t carry a tune in a bucket” is great campaign fodder.

  9. Jim Duensing

    @ Knapp: What’s insane is still believing the mindless propaganda on your television. If you can see Obama’s invisible birth certificate, you must also be able to see the Emperor’s New Clothes, and possibly even how two aluminum planes can knock down three steel buildings – the clinical definition of insanity.

    In Liberty, with Eternal Vigilance,

    Jim Duensing

  10. Thomas L. Knapp

    Jim,

    I don’t claim to be able to see Obama’s invisible birth certificate.

    I’ve seen several visible versions of his birth certificate.

    The only one that’s held up as authentic under even the most cursory examination, and for which extensive corroboration exists, is the official one from Hawaii, which was publicly and visibly released in 2008.

    Furthermore, even if he was born on Saturn, his mother was an American citizen, which makes him by any reasonable standard a natural-born American citizen.

    There’s plenty to dislike about Obama without just making shit up. Ditto 9/11.

  11. George Phillies

    11 You got this one right.

    Pimco has explained very carefully about why they sold out of Treasuries, and it has nothing to do with the Federal government defaulting on its obligations, which, incidentally, it cannot do without a constitutional amendment.

    Root’s claims are the economic ignorance of the far right.

    In fact, out economy is doing extrremely well; for example, corporate profits and personal consumption expenditures are both at an all-time high.

  12. Jim Duensing

    @ Knapp

    POINT #1 – DOCUMENTATION

    The only piece of paper released from Hawaii is a “Certificate of Live Birth” What has not been released is a long form birth certificate. It would look like this and include a doctor’s signature and a hospital name etc.

    http://www.wnd.com/images/090728birthcert.gif

    POINT #2 – MOMMY WAS A CITIZEN

    Obama’s father was Kenyan. His mother was American. Since both parents were not Americans, he did not qualify as an American citizen UNLESS, he was born in America. His mother did not reside in America long enough to qualify by herself. He HAD to be born in America to be an American citizen.

    His Kenyan grandmother has testified that she was present at Obama’s birth in Kenya.

    The only contemporaneous evidence of his alleged Hawaiian birth are the announcements placed in the local papers. The announcements do not state where Obama was born. They simply note the birth on August 4th 1961.

    Obama was born in Kenya like his grandmother says. His white wealthy Hawaiian grandfather placed notices in the Honolulu paper in the hopes that his grandson would have the benefits of American citizenship. He wasn’t conspiring to make him President some day.

    POINT #3 – MSU

    Analyzing the facts without a preconceived notion in favor of the Establishment propaganda does not constitute making shit up.

    There’s far more information available on Obama’s Kenyan birth and the various citizenships he has claimed throughout his life than I have included here. Ditto 9/11.

    Instead of merely a cursory examination of these issues, look at all the information yourself and analyze it objectively, and do yourself the favor of possessing an informed opinion. Regarding 9/11, start with two planes causing the symmetrical collapse of three buildings at near free fall speed. Or, Dick Cheney’s personal control of American airspace – which resulted in our American fighting men standing down rather than intercepting the planes.

    However, please do not embarrass yourself again by making the kind of ignorant statements you have above. Your failure to inform yourself about the real world around you does not make the informed among us “batshit insane”.

    In Liberty, with Eternal Vigilance,

    Jim Duensing

  13. Robert Capozzi

    16 gp, clarifying…state and municipal bonds have defaulted, and PIMCO is probably wise to exit those, especially when coupled with the odds being very high that rates will go up from here.

    Bond investing is different from equity investing, with a different set of considerations.

    There may well be some reason to believe that western civilization is about to collapse, but PIMCO is not much of a tell. If they thought that, I kinda doubt they’d be investing long in any equity or debt instruments anywhere. Blood in the streets in the US and western Europe would not be positive for China and India’s economies, as the west is where they sell their products, by and large.

    Anything is possible, of course, but being Chicken Little about worst-case scenarios just looks like the latest wave of catastrophizing to me.

    An affluent economy can withstand significant blows. Japan’s tsunami, Gulf oil spill, Hurricane Katrina…setbacks, certainly, but somehow life goes on.

  14. Thomas L. Knapp

    Duensing @ 17:

    “The only piece of paper released from Hawaii is a ‘Certificate of Live Birth’ What has not been released is a long form birth certificate. It would look like this and include a doctor’s signature and a hospital name etc.”

    And if it was released, you’d yell that it was a forgery, or else retreat to “no, I didn’t mean that long form birth certificate, I meant the super-secret double probation kandy-kolored streamline long form birth certificate.” Because this isn’t about where Obama was born, it’s about where you want Obama to have been born.

    “Obama’s father was Kenyan. His mother was American. Since both parents were not Americans, he did not qualify as an American citizen UNLESS, he was born in America.”

    You forgot the final clause to that claim: “In my imagination.” In real life, if one of your parents is a citizen, you’re a citizen.

    “His Kenyan grandmother has testified that she was present at Obama’s birth in Kenya.”

    Once again, a claim that needs to be prefaced or suffixed by “in Jim Duensing’s imagination.”

    First of all, she did not “testify,” she was interviewed.

    Secondly, when the interviewer MISUNDERSTOOD HER to have said she was present at Obama’s birth in Kenya, she instantly corrected him and said no, that’s not what I said.

    “The only contemporaneous evidence of his alleged Hawaiian birth are the announcements placed in the local papers.”

    And the certificate of live birth. And the recollections of everyone who was around at the time.

    “Obama was born in Kenya like his grandmother says. His white wealthy Hawaiian grandfather placed notices in the Honolulu paper”

    Odd, I didn’t know his grandfather’s name was “Health Bureau Statistics” That’s the source of the announcement in the Sunday Advertiser.

    “Analyzing the facts without a preconceived notion in favor of the Establishment propaganda does not constitute making shit up.”

    I agree. You should give it a try some time.

    “Regarding 9/11, start with two planes causing the symmetrical collapse of three buildings at near free fall speed.”

    I’m aware of two of those buildings (the north and south towers). What’s the third? WTC7 collapsed asymmetrically over a period of more than three hours from visible beginning of collapse to end of collapse.

    “Or, Dick Cheney’s personal control of American airspace – which resulted in our American fighting men standing down rather than intercepting the planes.”

    That is, indeed, an issue that needs to be looked into.

    “However, please do not embarrass yourself again by making the kind of ignorant statements you have above.”

    The only one embarrassed here would be you, if you had the sense to be embarrassed. Apparently you don’t. If I ever need piss poured out of a boot with instructions written on the heel, I’ll make sure I don’t have you on the consultants list.

  15. Jim Duensing

    @ Knapp

    BEST EVIDENCE

    “And if it was released, you’d yell that it was a forgery, or else retreat to “no, I didn’t mean that long form birth certificate, I meant the super-secret double probation kandy-kolored streamline long form birth certificate.” Because this isn’t about where Obama was born, it’s about where you want Obama to have been born.”

    No, it’s about the best evidence rule and Occam’s razor.

    1952 NATIONALIZATION ACT

    “You forgot the final clause to that claim: “In my imagination.” In real life, if one of your parents is a citizen, you’re a citizen.”

    Nope, I meant the 1952 Nationalization Act, specifically Title III Section 301 paragraph (7) which reads:

    “(7) a person born outside the geographical limits of the United States and its outlying possessions of parents one of whom is an alien, and the other a citizen of the United States who, prior to the birth of such person, was physically present in the United States or its outlying possessions for a period or periods totaling not less than ten years, at least five of which were after attaining the age of fourteen years: Provided, That any periods of honorable service in the Arned Forces of the United States by such citizen parent may be included in computing the physical presence requirements of this paragraph.”

    http://library.uwb.edu/guides/USimmigration/66%20stat%20163.pdf

    Ann Dunham was 18 years and 8 months old at the time of Barack’s birth, and did not meet the statutory requirement for having lived 10 total years in the U.S. of which 5 years followed attainment of age 14 years

    BUILDING SEVEN

    Asymmetrical collapse over three hours?? Try 4.7 seconds onto its own footprint after a radio countdown.

    http://www.youtube.com/watch?v=Atbrn4k55lA

    Come on now, you’re entitled to your own opinion, but not your own facts.

    Face the truth.

    In Liberty, with Eternal Vigilance,

    Jim Duensing

  16. Thomas L. Knapp

    “1952 NATIONALIZATION ACT”

    Doesn’t trump the Constitution.

    “Asymmetrical collapse over three hours?? Try 4.7 seconds onto its own footprint after a radio countdown.”

    The beginning of the collapse, top floor, northeast corner, was observed and reported at about 2pm. The collapse completed shortly after 5pm. That’s a damn sight longer than 4.7 seconds.

    Don’t confuse “into its own footprint” with “symmetric.” WTC 7 collapsed into its own footprint, asymmetrically, in a semi spiral caused by the torque of trusses redistributing too much weight from corner of the building toward the other.

    You’re right, I’m not entitled to my own facts. I have to go with the real ones, not the one that Jim Duensing makes up while clicking his heels together to magically make them true.

  17. Jill Pyeatt

    I will say that Mr. Knapp is the only person who says that building 7 collapsed over several hours. No one else says that, not even the NIST.

    I’m also baffled why there aren’t strenuous new building codes, now that we know huge skyscrapers can be brought down by fire alone.

  18. Jim Duensing

    Last Reply to Knapp

    If it is now your position that the 1952 Naturalization Act did not define citizenship, then you are left with the constitutional language of “natural born”. In that case, his mother’s citizenship status is irrelevant and his foreign birth disqualifies him from the office.

    But, you seem to be caught in some kind of a fruit loop and unable for rational thought and so a discussion with you is impossible.

    http://weknowthetruth.net/silly_conspiracy_theories.html

    In Liberty, with Eternal Vigilance,

    Jim Duensing

  19. Gains

    JP @23: “I’m also baffled why there aren’t strenuous new building codes, now that we know huge skyscrapers can be brought down by fire alone.”

    That does seem incongruous with how things normally go. It feels to me, strongly, like there is a lot of information that is being withheld from us that we should be getting on all that happened that day.

    The opacity created by government agencies keeping secrets is NOT healthy for a free society in general and in the case of 9/11: It just feels like the one event all of us should want the greatest, and most clear understanding of has an awful lot veiling it. (For those in the know: the Muslim, Jewish and Mormon pun was intended)

  20. Robert Capozzi

    26 gp, hmm, not myself into “blaming,” but it seems a very strong case could be made that BHO’s policies have exacerbated the economy’s woes. I know I do.

    I would think liberty-minded folk would share that view. Don’t you?

  21. John Jay Myers

    In my opinion Obama came in and just started driving the wagon the way it was heading ….towards a cliff, and he just didn’t make any turns.

    Maybe some slight turns, but to constantly say Obama, Obama, Obama, like this one guy created this nightmare is just wrong.

    It does not serve anyones interest to appear so lopsided as to the role all sides have played in the sad state America is in at this time.

    I would probably disagree with George Phillies in his statement that our economy is “doing well”

    And Jill, I have also heard and believe that there were fireman saying building 7 was going to come down (because of the damage it suffered) hours before it came down.
    So I can back Tom up on that.

  22. Jill Pyeatt

    I think that Wayne constantly bashing Obama makes him look jealous of him. Just my opinion. I’m glad to hear the economy is perking up in Massachusetts, Dr. Phillies, but it sure as heck isn’t in CA. If I’m not mistaken, Mr Knapp says the building FELL over the course of several hours, which is different than the sudden collapse we see in videos. I’m not going to get into the 9/11 thing, though. I just think the two things I mentioned about in the comment above are odd.

  23. Thomas L. Knapp

    “I will say that Mr. Knapp is the only person who says that building 7 collapsed over several hours. No one else says that, not even the NIST.”

    Early on, we saw a bulge in the southwest corner between floors 10 and 13, and we had put a transit on that and we were pretty sure she was going to collapse. You actually could see there was a visible bulge, it ran up about three floors. It came down about 5 o’clock in the afternoon, but by about 2 o’clock in the afternoon we realized this thing was going to collapse.

    That’s Deputy Chief Peter Hayden of FDNY, in the April, 2002 issue of Firehouse magazine. Sorry I got the corner wrong.

    “I’m also baffled why there aren’t strenuous new building codes, now that we know huge skyscrapers can be brought down by fire alone.”

    I’m unaware of any assertion that “fire alone” brought down WTC 7. The NIST interim report, as paraphrased on Wikipedia:

    As the North Tower collapsed on September 11, 2001, heavy debris hit 7 World Trade Center, causing damage to the south face of the building. The bottom portion of the building’s south face was damaged by debris, including damage to the southwest corner from the 8th to 18th floors, a large vertical gash on the center-bottom extending at least ten floors, and other damage as high as the 18th floor.

    That said, I have never written off the possibility that the final stage of the collapse of WTC-7 (or for that matter of the twin towers) was due to intentional demolition. It’s just that

    a) Those contentions remain unproven; and

    b) It’s a huge leap even from a stipulation in favor of those contentions to the “inside job” theory, for which not one crumb of credible evidence has yet emerged in the nearly 10 years since the events.

    As far as the “birther” stuff goes, it’s really quite simple:

    1) EVERY piece of plausible available evidence corroborates the claim that Obama was born in Hawaii;

    2) NO credible evidence to the contrary has yet been provided by those who claim otherwise;

    3) ANY reasonable “original intent” interpretation of US citizenship results in a conclusion that US citizenship inheres “naturally,” from birth, in the child of parents even one of whom is American.

    But apparently some people still have access to better hallucinogens than I’ve been able to get hold of for a long, long time. Maybe if you shared some of the blotter, I’d see things your way.

  24. Jill Pyeatt

    Thanks for the clarifcation, Thomas. Also, I’ve never said that the words that 9/11 was an “inside job”. I contend that there are many unexplained events from that day, and I personally think the victims’ families deserve the answers to their questions. If anyone is interested in the topic, there’s tons of info available on the Internet, especially lately because of the Freedom of Information Act.

  25. Steven R Linnabary

    I’ve been hearing the “economic doom is JUST AROUND THE CORNER!!!!!!” stuff since I was a kid in the 70s, and I’ve usually — and often publicly — discounted it, but all indicators are that the stream of shit hitting the economic fan is set to get thicker and smellier in a big way over the near term.

    I’ve been fearing this since the 70’s also. I still don’t understand how it hasn’t happened yet.

    I have a book I bought in ’79 “How to Prosper During the Coming Bad Years” by Howard Ruff. A great book that reads as a very libertarian treatise. And as relevant today as in ’79.

    A quick look on Amazon shows the book has been updated several times. I recommend it (even though he spends too much time promoting his newsletter).

    The crash will come. It is irrational to assume otherwise.

    PEACE

  26. David Colborne

    Obama’s citizenship? 9/11? Pfft. Small stuff. Insignificant chatter of the mumbling classes. The real threat is here:



    Don’t say you haven’t been warned.

  27. Thomas L. Knapp

    Jill @ 35,

    I apologize for getting off on a rant and assuming that you were an “inside jobber” instead of a baseline “9/11 truther” (which I also am).

    I’m all for the most exhaustive investigations possible of precisely what transpired on 9/11. I have a number of questions about it myself, and some theories I consider plausible but not proven.

    Here are a couple of the latter:

    – Al Qaeda has a long history of “double-tapping” attack scenes. Set off a bomb, wait for people to gather, set off a second — sometimes even disguising the second bomb as an emergency vehicle responding to the first attack.

    I don’t consider it at all impossible that some of the first “emergency responders” on the WTC scene were terrorists driving “ambulances” packed full of explosive to park next to support columns under the towers in the confusion, timed to detonate later.

    – Much has been made of Silverstein’s “pull it” quote on WTC 7. I don’t entirely discount the possibility that the final part of the collapse was indeed due to intentional demolition. If I owned a building in the shape that WTC 7 was in, in a complex full of buildings in similar shape, I might very well decide it was better (for insurance purposes, perhaps) to “total” the building than to leave it semi-standing with a large portion of it gouged out and other parts of it on fire.

    The differences between my theories and Duensing’s, other than the fact that they’re about a thousand percent more plausible, is that I don’t pretend they’re proven.

  28. John Jay Myers

    This one is not very plausible:
    “I don’t consider it at all impossible that some of the first “emergency responders” on the WTC scene were terrorists driving “ambulances” packed full of explosive to park next to support columns under the towers in the confusion, timed to detonate later.”

    Because if you look at the buildings they collapsed top down each floor slamming into the next, so unless they could drive the ambulances up to the top, I don’t think that is very realistic.

    It doesn’t discount your idea that they may have themselves planted something to do it in advance.

    But according to real demolitions experts who are not being taped without their knowledge and tricked into saying contrary things, most say that it takes weeks to set up a demolition.

    Which would include building 7, if it were indeed “pulled”.
    I think Silverstein meant “pull it”, as in “pull the people out of it, stop trying to save it, it’s going to fall down. ”

    Let’s think about it for a second, the building was hit 8 hours before, he let it burn all day, and then said in front of god and everyone “implode the building, since I already had the charges set for the last 3 weeks and you guys didn’t notice any of them during your hours of scouring the building. ”

    It just doesn’t seem realistic.

  29. Thomas L. Knapp

    JJM @ 41,

    I’m not that interested in trying to defend those theories. They’re just hypotheses that look incredibly plausible by comparison to the completely evidenceless (so far) “inside job” stuff.”

    I’m not personally invested in whether or not they’re right. Unlike some people, I’m willing to accept all the facts, whether they match my hypotheses or not (when confronted with an inconvenient fact, the response of the “inside jobber” is invariably that the presenter of that fact is obviously part of the conspiracy to cover up TEH TRUUUUUUTH”).

    But:

    1) With respect to the twin towers, it is not necessarily a straight-line derivation from the external appearance of the collapse to the internal state of the building; and

    2) It takes a long time to set up a demolition as it’s normally done, but WTC 7 would not have been as it’s normally done. A properly/carefully set-up demolition virtually guarantees that the building will fall symmetrically into its own footprint. WTC-7 collapsed asymmetrically; it may have just been a combination of natural construction tendencies, getting it right on short notice, and good luck, that it happened to fall into its own footprint.

  30. Robert Capozzi

    36 srl: I’ve been fearing this since the 70?s also. I still don’t understand how it hasn’t happened yet.
    …The crash will come. It is irrational to assume otherwise.

    me: Hmm, the answer seems embedded in your initial admission. If you don’t “understand” how it’s not happened yet, could it be that your premise and analysis is faulty?

    “Irrational” I’d like to understand better. It seems “irrational” to expect anything in particular, since things generally don’t go as planned. There are always twists, turns, and — importantly — technological innovation that tends to overcome governmental dysfunction.

    An outright “crash” does seem more possible in the nearish term, perhaps like the environment in the late 70s, when it felt like the wheels were falling off. Perhaps it’s prudent to prepare for one, just in case. But “irrational”? How so?

  31. Darryl W. Perry

    “moronic leftist moviemaker Michael Moore… is a symbol of the delusional thinking of Obama and his entire socialist cabal, which has wrecked the U.S. economy, spent us into insolvency, encouraged our entitlement addiction, and left us at the brink of economic Armageddon.”
    Obama – like Bush, Clinton, Bush, Reagan, etc… – is a FASCIST.
    Also, there were sharp increases in spending during the Bush years – not that I’m discounting Obama’s spending; just pointing out that spending into insolvency began BEFORE 1-20-09.

  32. Michael H. Wilson

    In reply to Wayne’s comment about the U.S. healthcare system I suggest this article. http://www.drug-education.info/articles/Starfield.htm
    “Is US Health Really the Best in the World?
    The Journal of the American Medical Association (JAMA) published in July 2000 possibly the best article in the published literature concerning the deficiencies of the traditional medicine as it is practiced in the U.S.
    The author was Dr. Barbara Starfield of the Johns Hopkins School of Hygiene and Public Health. Her article and key data are summarized below. A reprint of her entire article in PDF format with full references is available here.
    INFORMATION CONCERNING THE DEFICIENCIES OF US MEDICAL CARE HAS BEEN ACCUMULATING. The fact that more than 40 million people have no health insurance is well known. The high cost of the health care system is considered to be a deficit, but seems to be tolerated under the assumption that better health results from more expensive care.

    The fact is that the US population does not have anywhere near the best health in the world. Of 13 countries in a recent comparison, the United States ranks an average of 12th (second from the bottom) for 16 available health indicators. Countries in order of their average ranking on the health indicators (with the first being the best) are Japan, Sweden, Canada, France, Australia, Spain, Finland, the Netherlands, the United Kingdom, Denmark, Belgium, the United States, and Germany. Rankings of the United States on the separate indicators are:

    • 13th (last) for low-birth-weight percentages
    • 13th for neonatal mortality and infant mortality overall
    • 11th for postneonatal mortality
    • 13th for years of potential life lost (excluding external causes)
    • 11th for life expectancy at 1 year for females, 12th for males
    • 10th for life expectancy at 15 years for females, 12th for males
    • 10thfor lifeexpectancyat40yearsfor females,9thformales
    • 7th for life expectancy at 65 years for females, 7th for males
    • 3rd for life expectancy at 80 years for females, 3rd for males
    • 10th for age-adjusted mortality
    Also, U.S. health care has about 250,000 iatrogenic (physician caused) deaths per year which makes it the third leading cause of death in the U.S. behind heart disease and cancer:
    DEATHS PER YEAR:
    * 12,000 — unnecessary surgery
    * 7,000 — medication errors in hospitals
    * 20,000 — other errors in hospitals
    * 80,000 — infections in hospitals
    * 106,000 — non-error, negative effects of drugs
    Another analysis concluded that between 4% and 18% of consecutive patients experience negative effects in outpatient settings,with:
    * 116 million extra physician visits
    * 77 million extra prescriptions
    * 17 million emergency department visits
    * 8 million hospitalizations
    * 3 million long-term admissions
    * 199,000 additional deaths
    * $77 billion in extra costs
    The poor performance of the US was recently confirmed by a World Health Organization study, which used different data and ranked the United States as 15th among 25 industrialized countries.
    There is a perception that the American public “behaves badly” by smoking, drinking, and perpetrating violence.” However the data does not support this assertion:
    * The proportion of females who smoke ranges from 14% in Japan to 41% in Denmark; in the United States, it is 24% (fifth best). For males, the range is from 26% in Sweden to 61% in Japan; it is 28% in the United States (third best).
    * The US ranks fifth best for alcoholic beverage consumption.
    * The US has relatively low consumption of animal fats (fifth lowest in men aged 55-64 years in 20 industrialized countries) and the third lowest mean cholesterol concentrations among men aged 50 to 70 years among 13 industrialized countries.
    Lack of technology is certainly not a contributing factor to the US’s low ranking:
    * Among 29 countries, the United States is second only to Japan in the availability of magnetic resonance imaging units and computed tomography scanners per million population.
    * Japan, however, ranks highest on health, whereas the US ranks among the lowest.
    * It is possible that the high use of technology in Japan is limited to diagnostic technology not matched by high rates of treatment, whereas in the US, high use of diagnostic technology may be linked to more treatment.
    * Supporting this possibility are data showing that the number of employees per bed (full-time equivalents) in the United States is highest among the countries ranked, whereas they are very low in Japan, far lower than can be accounted for by the common practice of having family members rather than hospital staff provide the amenities of hospital care.”

  33. Tom Blanton

    Mr. Wonderful, I’m talking about the guy with the teeth, sure knows how to pick ’em. His pal Bill Gross, one of the ten smartest asses on this planet, is calling for a tax rate of 50% on top earners and raising corporate rates.

    Hmmmm, maybe the Gross guy is smart – like a fox. America already has the 2nd highest corporate rates in the world, the first being Japan.

    Since corporations don’t really pay taxes so much as pass them on to the consumer (and lower dividends), it means low-income people, fixed income people, and even the poor pay higher prices for the corporations to pass on to their partners in government.

    This ultimately keeps tax rates lower on the highest income earners. Other nations with low corporate taxes have the highest personal income tax rates – even over 50%.

    http://finance.yahoo.com/tech-ticker/bill-gross-“of-course”-the-wealthy-should-pay-higher-taxes-corporations-too-535998.html

  34. Tom Blanton

    Another interesting look at corporate taxation around the world:

    http://www.cnbc.com/id/30727913/The_World_s_Highest_Corporate_Tax_Rates_2010

    Corporate taxation may be more insidious than personal income taxes. In a global economy, it destroys the prospects of prosperity.

    I suppose the politicians think we have to keep corporate taxes high so we they can give special deductions for entitled borrowers living in tony gated communities.

    After all , the smart money at GE or Bank of America won’t pay high corporate taxes, Small businesses will pick up the tab.

  35. Tom Blanton

    Michael, why do you hate America?

    Everyone knows America has the best health care, education, cars, movies, and bombs in the world.

    All those facts just make everybody’s head hurt.

  36. Tom Blanton

    Here’s another interesting thought:

    But middle-income professionals and workers, on salaries and wages, and those on fixed income and pensions, are impoverished by the very same inflation that subsidizes speculators and bankers.

    http://mises.org/daily/5153/A-Dollar-as-Good-as-Gold

    Oh my, there’s that evil “S” word being used to describe something other than a direct payment of cash by the government. This time they are using monetary policy instead of the tax code, though.

    Conspiracy theory or class war?

    Certainly our beloved politicians would not allow the Fed to create inflation – can you say quantitative easing? – to benefit their bankster cronies. Right?

    No self-respecting Reagan libertarian, not getting a subsidy for their McMansion but an income tax deduction, could believe the elite are engaged in a class war.

  37. Robert Capozzi

    46 tb, yes, Gross may well be “smart,” but his is not a name I’d invoke for a case for liberty. He’s more in the Buffett mold…super-rich statist. Good for him that he’s affluent, but I can’t say I agree with his politics.

    I might support capping tax preferences. I would not support raising rates.

  38. Michael H. Wilson

    Tom it is most likely the way I was brought up. Something to do with Freud. Dreams analysis might help. Yes, the American Dream has turned into a Freudian nightmare. Or maybe that Fraudian nightmare.

  39. Tom Blanton

    @51 – tell it to Mr. Wonderful, he’s the one that’s got the hots for the Gross guy.

    Would you also favor capping criminal prosecution preferences? Dictatorship preferences may also be something to consider capping – it might reduce regime change costs.

    I’m just wondering, how much does it cost to become one of government’s preferences? I’d like to get some preferred citizen discounts. Of course, I wouldn’t want to consider it a subsidy, just special treatment that isn’t available to everyone else, especially those inferiors that haven’t achieved the financial success that I have.

    The one thing that is capped is FICA taxes. But I suppose high wage earners deserve some incentive to “work hard and play by the rules”.

    @52 – Fraudian nightmare – this must be why I keep waking up at night in a cold sweat grasping for my wallet.

  40. paulie

    Why don’t the Libertarians try to reach out to their Green Party “brothers” and work on issues we agree on? Time is passing us by…

    Please don’t wait until 2012 to “let’s work together”

    i agree

  41. Robert Capozzi

    53 tb, tax preferences are open to all. The cap on FICA corresponds to the pay-out schedule, which is also capped.

  42. Steven R Linnabary

    36 srl: I’ve been fearing this since the 70?s also. I still don’t understand how it hasn’t happened yet.
    …The crash will come. It is irrational to assume otherwise.

    me: Hmm, the answer seems embedded in your initial admission. If you don’t “understand” how it’s not happened yet, could it be that your premise and analysis is faulty?

    Could be. But so far it has only shown that Keynesianism is working. After Carter, I did have hope with Reagan. He had the right rhetoric but never followed up with action, instead redlining the economy into the 21st Century. Reagan borrowed and spent like none before him, indeed borrowing and spending MORE than every President that preceded him…COMBINED. “Read My Lips” Bush was worse.

    You’re correct that technological innovations might have some corrective properties. IMHO, that is the ONLY thing that saved the US under Clinton and “Mission Accomplished” Bush, each of whom borrowed and spent even more than every predecessor combined.

    And now that the technological revolution appears to have run it’s course, Obama’s outrageous borrowing and spending is simply irresponsible. Although I’ll admit that I could be wrong, there might still be some steam in new innovations. But I don’t see it.

    The debt has to be repaid at some point, either through extremely higher taxes or with hyperinflation of the sort the world has never seen.

    That’s why I think Root is right on the money to hammer home this point. But I do think Root should put the blame where it belongs, on ALL the Presidents of the past fifty years.

    And it is inane for Root to refer to himself as a “Reagan Libertarian”, even if the popular wisdom is of Reagan as some sort of fiscal conservative. Facts are facts.

    PEACE

  43. Tom Blanton

    In a related move, having decided that it is neither wise nor fair to punish renters in favor of “homeowners” and thus encourage Americans to take on way too much debt, the government will also finally stop subsidizing the “American Dream business.” Specifically, the government will eliminate the mortgage-interest tax deduction and do away with the gigantic money holes known as Fannie Mae and Freddie Mac. (These moves, the government has learned, will make houses cheaper–and, thereby, more affordable).

    http://www.businessinsider.com/april-fools-day-4

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