The truest thing that Senator John McCain said during this election
campaign is what got him into the most trouble: "The economy is
sound."

"Sound" does not mean bullet-proof. Nor does it mean that everything
is going wonderfully at the moment or that nothing needs to be done.

You may be as sick as a dog from having eaten the wrong thing. But
that does not mean that you need to have your arm amputated or to
receive massive doses of morphine. In other words, your body may be
perfectly sound-- and radical medical treatment can do more lasting
damage than your temporary suffering will.

The political left has always known how to exploit temporary economic
problems to create lasting institutions reflecting their ideology. The
"progressives" did that during the brief time that America was
involved in the First World War, less than a year and a half.

In that brief time, they clamped on all kinds of economic controls and
even restrictions on free speech that led to landmark Supreme Court
cases.

When the Great Depression of the 1930s brought many of those same
"progressives" back to power, led by one of the "progressives" from
Woodrow Wilson's administration, Franklin D. Roosevelt, they brought
the same mindset to government again, calling themselves "liberals,"
now that the label "progressives" had been discredited by their
previous actions.

By the end of the 20th century, "liberals" had again discredited
themselves, to the point where they went back to calling themselves
"progressives" to escape their past, much as people do when they
declare bankruptcy.

Wars, economic crises and other disruptions all provide opportunities
for the left to seize on current problems to create enduring changes
in the institutions of society. That is what we are witnessing today.

The media have hyped current economic problems to the point where you
might think we were heading for a replay of the Great Depression of
the 1930s. They have been dying to use the word "recession" but there
is a clear definition of recession-- two consecutive quarters of
negative growth-- and we have yet to reach that.

If the meaning of words can be changed to suit political convenience,
then discussions become an exercise in futility.

Official data show that the output of the economy in the most recent
quarter is down-- by less than one-half of one percent-- but at last
the media have one of those two quarters required to qualify as a
recession.

Whether they will get the other quarter that they need, in order to
start using the word "recession" legitimately, is another story. In
fact, the data-gathering process is by no means so precise that we can
expect the one-half of one percent decline to hold up, since such
statistics often get revised later.

It is not just a question of being able to put scare headlines on
newspapers or alarmist rhetoric on television. Such things are just
the prelude to massive political "change" in fundamentally sound
institutions that have for more than two centuries made the American
economy the envy of most of the world.

If the left succeeds, it will be like amputating your arm because of a
stomach ache.

To add to the painful irony, many of those who are most eager to have
a massive government intrusion into the market are among those whose
previous intrusions into the market are largely responsible for the
current financial crisis.

It was the left-- the "liberals" or "progressives"-- who led the
charge to force lending institutions to lend to people whose credit
history made them eligible only for "subprime" loans that were risky
for both borrowers and lenders.

It started way back in the Carter administration, with the Community
Reinvestment Act, and gained momentum over the years with legal
threats from Attorney General Janet Reno and thuggery from ACORN, all
to force lenders to lend where third parties wanted them to lend. Now
we have a bad stomach ache-- and now the left wants to start
amputating the market.

http://www.tsowell.com

Reference:

http://caster.wgnradio.com/podcasts/...012-080128.mp3
http://richmedia.pajamasmedia.com/au...7-Goldberg.mp3

http://www.ibdeditorials.com/IBDArti...06370789279709
http://www.villagevoice.com/content/printVersion/541234

Why does Democrat led congress have a 9% (and sinking) approval
rating?
Why are 95% of the cities in the US, who are having financial problems
Democrat led?
Why are 95% of the states with financial problems led by Democrats?

The worst American city - Detroit's indicted ex-Mayor is a Democrat.

Since voting in The New LIBERAL Fascist Congress in 2006 we have seen:

1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $4 a gallon;
3) Unemployment is up over 6% (a 10% increase);
4) American households have seen over $2.3 trillion in equity value
evaporate;
5) Americans have seen their home equity drop by over $1.2 trillion
dollars;
6) More than 1% of American homes are in foreclosure.

America voted for change in 2006, and we got it! LOL @ LIBS

OBAMAO voted against declaring the Revolutionary Guard Corps in Iran a
Terrorist organization in the senate.

OBAMAO was among those in January 2007 who stridently opposed the
surge and confidently predicted its failure – even going so far as to
vote against funding our soldiers in the field.

From OBAMAO’S own little red book:

“I had learned not to care,” he wrote. “I blew a few smoke rings,
remembering those years. Pot had helped, and booze; maybe a little
blow when you could afford it.

OBAMAO THE EXPERIENCED BLOWmiester…..LOL

On Nov 4, 11:26*am, wrote:
The truest thing that Senator John McCain said during this election
campaign is what got him into the most trouble: "The economy is
sound."

"Sound" does not mean bullet-proof. Nor does it mean that everything
is going wonderfully at the moment or that nothing needs to be done.

You may be as sick as a dog from having eaten the wrong thing. But
that does not mean that you need to have your arm amputated or to
receive massive doses of morphine. In other words, your body may be
perfectly sound-- and radical medical treatment can do more lasting
damage than your temporary suffering will.



(1) If you're sick as a dog, you are not medically "sound." You are
correct, though, that some treatments willhelp you and some may harm
you.

(2) After declaring the economy "sound," John McCain then halted his
campaign (well, not really) so that he could go to Washington and push
the most radical medical treatment anybody was even comtemplating at
the time. So maybe his problem was just that he contradicted himself.

On Nov 4, 6:33*pm, Anlatt the Builder wrote:
On Nov 4, 11:26*am, wrote:

The truest thing that Senator John McCain said during this election
campaign is what got him into the most trouble: "The economy is
sound."

"Sound" does not mean bullet-proof. Nor does it mean that everything
is going wonderfully at the moment or that nothing needs to be done.

You may be as sick as a dog from having eaten the wrong thing. But
that does not mean that you need to have your arm amputated or to
receive massive doses of morphine. In other words, your body may be
perfectly sound-- and radical medical treatment can do more lasting
damage than your temporary suffering will.

(1) If you're sick as a dog, you are not medically "sound." You are
correct, though, that some treatments willhelp you and some may harm
you.

(2) After declaring the economy "sound," John McCain then halted his
campaign (well, not really) so that he could go to Washington and push
the most radical medical treatment anybody was even comtemplating at
the time. So maybe his problem was just that he contradicted himself.

Sound economy

- what Horse ****..

Do your own homework for a change