Wednesday, February 17, 2010

Saved? According to Whom?

According to Yahoo! News Obama has been reported as stating the now one-year-old stimulus package saved the economy and has helped avoid a depression.

Absurd. As has been noted before it is logically impossible for the government to stimulate the economy since it cannot create monetary value; only transfer it from here to there. If Obama is correct (and that is extremely dubious given his complete lack of credibility, as noted in Lies Against Reality parts I and II) that his stimulus plan has caused approximately 2 million people to retain their jobs then it is also true that he has caused approximately 2 million people to lose their jobs since the stimulus money is composed entirely of tax money. Obama's efforts are worse than useless.

Regarding Obama's statement that he has helped the U.S. avoid a second depression, I previously noted in Another Successful Reality Evasion Maneuver by Pilot Obama that one is at liberty today to say whether or not America has avoided a depression since the concept is not precisely defined; that is, it has not been given strict standards that give us the precise measurements that would determine when a depression is officially present. As of right now the concept is merely a vague approximation used to describe an economic situation that is more intense than a recession, though exactly how much more intense is what is unknown. For what we know we could be in a depression right now but not really aware of it since our present standard of living does not give away to national suffering so quickly.

Without objective criteria the line between a recession and a depression is very fuzzy.

These claims are without justification from logic or economic principles, and should be immediately dismissed. Let us not forget that the Great Depression lasted for over a decade when it could have died out as a recession in a handful of months, due to all the "stimulating" of the economy done by FDR. How else will Obama choose to "save" the economy during the rest of his term?

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