Obama’s Not a Socialist. He’s a Teleprompter Reader for Goldman Sachs
May 11, 2012
Bruce Johnston, a member of the Beach Boys, spoke his mind recently about Obama and Romney. His comments were caught on a cell phone video.
Johnston said Obama is a “socialist asshole” and we’re in deep trouble if he gets re-elected. He said Ronald Reagan and Tip O’Neill were the last decent leaders we had.
It looks like Johnston drank the kool-aid.
Reagan paraded himself as a Libertarian, but when the rubber met the road he was just another statist Republican-Keynesian who took orders from the Federal Reserve and the bankers. He cranked up the national debt and showered the military industrial complex will billions.
Back in the day the untutored hordes screamed “Let Reagan be Reagan.” This meant more mass murder perpetrated by the United States in Lebanon and Central America. Unfortunately, when it comes down to this kind of stuff there seems to be a major malfunction on the part of far too many Americans.
Bankers love debt, so that was Ronnie’s assignment. The “public” debt rose from 26% GDP in 1980 to 41% GDP by 1988. In other words, the debt rose from $712 billion in 1980 to $2,052 billion in 1988, about a three-fold increase. “Is that what the highly touted ‘Reagan Revolution’ amounts to, then?” Murray Rothbard asked in 1989 in a Reagan postscript. “A tripling of the national debt?”
The “asshole” Obama has continued the debt servitude plan. The debt will be over $17 trillion this year, according to official figures. In fact, as of 2008, the real debt was around $100 trillion.
This astronomical figure wasn’t pulled out of the air or concocted by a conspiracy theorist. It came right from the horse’s mouth – Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas.
“Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon,” said Mr. Fisher in remarks before the Commonwealth Club of California.
As for Tip O’Neill… please. Does anybody even remember this Democrat statist? Well, you might if you commute to Boston. A tunnel is named after him there.
Bruce Johnston’s comments reveal once again that successful and presumably smart people can be blithering idiots when it comes to politics and economics. It shows how deep the brainwashing about government runs.
If Johnston really doesn’t want to elect another “asshole,” he’d throw his weight behind Ron Paul.4 views