Tweeting #ObamaShutdown Exposes Leftist Insanity

Truth is the main target of progressive attacks. The leftists use slogans, lies, corruption and cheating to overcome and stay ahead of the truth. It is not an enviable position in the world of twitter. So it is our duty to watch them squirm as they try to convince the world that the Senate and President Obama haven't caused the #ObamaShutdown to defend ObamaCare.

Crazier still is their argument that Republicans refuse to pass a budget, when ONLY Republicans have passed a budget since 2009. Despite it being required by law, Democrats refuse to pass a budget. This #ObamaShutDown is just another example of progressive lawlessness.

It is a matter of fact, not opinion, that President Obama has unilaterally amended ObamaCare to exclude Congress, provide waivers for his cronies and illegal aliens are exempt from fines. The Unaffordable Care Act known, commonly as ObamaCare, has been amended and delayed 19 times. 92% of Americans oppose Congress being exempted, one of the unilateral and unconstitutional changes to the law decreed by President Obama.

Yet, a one year delay and/or forcing Congress to live by their own law as proposed by Republicans in the House of Representatives is the legal amendment that the President cannot abide. Obama negotiates with Al Qaeda and dictators using poison gas, but not the elected representatives of the American people?!?

In @nprnews interview airing today, Pres Obama says he won't negotiate on keeping the Government open or on raising the Debt Limit.
— Mark Knoller (@markknoller) October 1, 2013

Well, lets do the one thing that the left cannot, tell the truth.

Go to twitter and use the hashtag #ObamaShutdown. Make it trend. Exhaust all of their meds!

After using #ObamaShutdown, the progressive think tanks launched #GOPShutdown in response. Their astroturf effort quickly faded away, but they will have nightmares if we trend with real people. Bloggers will post, MSNBC will whine and their efforts to lie to the American people will be upended.

It is time to flex a little social media muscle!

#GovtShutdown isn't accurate! Everyone in Congress, the House #GOP, #Teaparty #tcot make #obamaShutdown trend and the left will freak out!
— Doo Doo Economics (@DooDooEcon) October 1, 2013

Here is a sample of the insanity you will run into, but just remember, "that means you are winning."

Notes:

1) As additional evidence that this government shutdown is being misrepresented, fellow SLOBs blogger W.C. Varones shows us that the stock market is up today in What if they Thew a Shutdown and No One Cared?

2) On ObamaCare, we all know it is a scheme to destroy insurance and force everyone into Single Payer government controlled health care. Allow me to remind you that during this process, 50 million Americans will lose their employer sponsored health insurance. Americans will suffer illness, injury and disease without the coverage they otherwise would have had if not for the ObamaCare scheme.

If they succeed with this Single Payer scheme, quality of care will suffer, death panels will be empowered, and incentives for cures will be distorted by politics and bureaucracy. Ultimately, America will lose its leadership role in curing disease. If another country does not step-up, humanity faces a world where disease outpaces medical innovation. Example, we are down to one antibiotic to fight MRSA.

Fighting ObamaCare isn't about politics, it is about lives. The progressives, in this #ObamaShutdown, have proven that they are concerned with politics not people. Help us in this fight for our lives.

Government Policy Caused the 2008 Financial Crisis

A new book by Peter J. Wallison, "Bad History, Worse Policy," reviews the causes of the 2008 financial crisis. We have reviewed the facts of over-regulation and bad economic policy along side our allies at the San Diego Local Order of Bloggers, but this informational and enlightening book brings indisputable facts to fortify our arguments.

We have compiled a key section of Mr. Wallison's discussion into a C-SPAN clip (7m 42s) named "GOVERNMENT POLICY CAUSED THE 2008 FINANCIAL CRISIS."

In the book, I argued that there was never any significant debate about the causes of the 2008 financial crisis.

Although there were two narratives about why it happened, only one of them was accepted and propagated by the media.

In effect the necessary competition and ideas never occurred.

As a result in the policy that was adopted, the Dodd-Frank act, is not soundly based on any political consensus. This will leave the legitimacy of the act in question for the foreseeable future.

The dodd-frank act is based on a narrative developed entirely by the left. It places responsibility for the financial crisis wholly on the private sector and particularly on the large Wall Street commercial and investment banks. To the extent the government had a role in the financial crisis, it was in failing to regulate adequately either those institutions or the mortgage originators who profited by selling mortgages to people who could not afford them.

The book traces the influence of this narrative into the specific revisions of the Dodd-Frank act.

I argue in the book that this narrative is false.

It was bad history and it produced worse policy.

...

Statements made by HUD throughout this period make clear that the agency's intention was to reduce the underwriting standards that were prevailing in the market in order to make mortgage credit available to a larger number of borrowers.

There is no ambiguity about this issue.

When Democrats took control of congress in January 2007, they began implementing policies that made a fragile economy collapse. While Bad History, Worse Policy is not a partisan review of the financial crisis it does explore the fact that government regulatory and housing policy created the housing bubble. When Democrats pursued global warming policy; gasoline, energy, food and other costs across the economy increased. The fragile housing market collapsed as marginal home buyers failed to pay their mortgage.

John Allison of the Cato Institute via C-SPAN Clip "DESTRUCTIVE REGULATION AND THE 2008 FINANCIAL CRISIS" (2m 15s):

We don't have a private monetary system in the United States, a government own monetary system. By definition, they are caused by government policy and the Federal Reserve has been very creative and in this case Allen Greenspan made bad mistakes because he wanted to go out a hero.

We were having a minor economic correction, he created negative economic rates. Then Ben Bernanke created a new yield curve, because we suddenly had a negative spread, which is a whopping reason this has lasted several years.

The context in which the mistakes were made were really Federal Reserve policies and they got deflected primarily in the housing market, specifically Fannie Mae and Freddie - Freddie Mac and Fannie Mae. Over investment in housing is particularly destructive for housing and that is why this was an unusually big bubble.

It was pushed further, but it was also very destructive because housing is consumption. People don't think of housing as consumption, but you consume a house.  So we incentivized  a massive over-consumption, which is analogous in agriculture to "eating our seed corn," which is one reason we have had such a hard time getting the production process going

W.C. Varones comments upon other impacts from the take over of the financial system in a post titled, "Think Cyprus can't happen here? It already did."

What occurred this weekend in Cyprus was a theft from responsible savers to benefit irresponsible banks.  Small depositors get screwed while bank bondholders (largely other banks and large institutions) get made whole.  Which, it turns out, is exactly what has happened in the U.S. the past five years.

*Note

C-Span has an automated transcription feed at the bottom of the video clips, it does not accurately reflect the statements in the video clips due to errors. If this feed was more accurate, search engines would have an easier time finding the information.