Keep on trucking (and wheeling and dealing)…

I get my kicks on Route 66 (billions)…

This is pregnant with all kinds of analogies.

Obama wants an even more massive expansion of the state, but I don't believe he'll get it, because I don't believe it's possible without levels of inflation or taxation that'll make Obama the next Jimmy Carter.

Demand for rents is unprecedented worldwide, but the rest of the friggin' world can't retire on entitlement to U.S. tax revenue. We aren't really that productive. I'm just not believing it. We'll inflate our way out of this "debt", because we can't possibly do anything else.

Martin, you missed it bro.

The guys remains agnostic on Democrats and Republicans and acknowledges that W had, at the time, the track speed record.

And by Obama's own math, he is moving at light speed compared to the rest of the 20th century.

Regardless of whether or not he can pull it off, he campaigned on a platform of change while his acolytes decried W's profligate spending, etc.

Now the change we have is simply W on steroids.

Great, there goes our hope as well. . .

Evelyn Guzman
http://www.debtchallenges.com (If you want to visit, just click but if it doesn’t work, copy and paste it onto your browser.)

These people caused the problem, now you think they’ll fix it?

Tell you what, I’ll throw in a second bridge.

You don’t get “at least that time frame.” Fail.

This nation gave FDR exactly the kind of chance for the same kind of agenda; what happened?

People who are too stupid to learn from history deserve to repeat its great depression. Only if there are enough people as stupid as you are will we experience the second coming of Keynes.

In fact, its beginning can be pinpointed to January 20, 2001, no?

Partisan hacks' blatant disregard for personal integrity is so amusing.

This is exemplified by his utter failure to recognize the Federal government cause trifecta that launched the bubble:

1. THE STICK: Federal regulators coercing banks to make risky loans,

2. THE CARROT: GSEs agreeing to take those risky loans off the banks' hands (and place them on the taxpayers'),

3. THE FUEL: Federal Reserve's loose monetary policy filling the banks with plenty of money to loan out.

Instead he blames as greedy people who followed the resulting market signals which incorrectly projected ever rising real estate demand.

1. Yes, he adjusted for inflation – but even once you do that real GDP is growing this whole time as well. It makes no sense to track a dollar amount of debt without reference to what GDP is doing.

Do this with Debt/GDP and you'll get a hugely different picture.

2. WHY did each of these presidents increase or decrease the debt. Were Roosevelt and Truman especially different leaders with different policy priorities? Or did they have different circumstances? How do Reagan, Bush, and Obama's REASONS for running debt's compare? The film's theory is that people just like Obama personally better. That's likely a small part of it… but I'm guessing it has more to do with the fact that people think fighting the largest recession since the GD is a more reasonable reason to run up a debt than a military misadventure and tax cuts.

No serious person interested in and knowledgeable about policy and supportive of Obama isn't concerned about the debt. The new-found fiscal restraint of conservatives strikes us as a little odd (not to mention politically convenient), but it's not like that's some sort of driving justification for us. The debt is not unprecedented, as the film suggests it is, and the debt is being taken on for what a lot of people consider to be very justifiable reasons. You can accept that we've thought all that through, or you can accept that we're just smitten with Obama – it's your choice.