Tuesday, October 5, 2010
Wednesday, March 24, 2010
Finally they ADMIT IT.
Folks, your CHANGE IS HERE. Watch the video and hear for yourself. Your freedom according to the DEMOCRATS is now controlled, FINALLY!
What are you going to do to fight back?
What are you going to do to fight back?
Sunday, January 3, 2010
Take our country back or do nothing, YOU CHOOSE
Please join me. Become a member, This is your only voice. You can choose to do something or sit on your....and complain. We can make a difference.
If George Bush was an Idiot
If George Bush was an idiot.
If George W. Bush had been the first President to need a teleprompter installed to be able to get through a press conference, would you have laughed and said this is more proof of how inept he is on his own and is really controlled by smarter men behind the scenes?
If George W. Bush had spent hundreds of thousands of dollars to take Laura Bush to a play in NYC, would you have approved?
If George W. Bush had reduced your retirement plan's holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved?
If George W. Bush had made a joke at the expense of the Special Olympics, would you have approved?
If George W. Bush had given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift, would you have approved?
If George W. Bush had given the Queen of England an iPod containing videos of his speeches, would you have thought this embarrassingly narcissistic and tacky?
If George W. Bush had bowed to the King of Saudi Arabia , would you have approved?
If George W. Bush had visited Austria and made reference to the non-existent "Austrian language," would you have brushed it off as a minor slip?
If George W. Bush had filled his cabinet and circle of advisers with people who cannot seem to keep current in their income taxes, would you have approved?
If George W. Bush had stated that there were 57 states in the United States , would you have said that he is clueless.
If George W. Bush would have flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in Texas , would you have thought he was a self important, conceded, egotistical prick.
If George W. Bush had been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again, would you have winced in embarrassment?
If George W. Bush had mis-spelled the word "advice" would you have hammered him for it for years like Dan Quayle and potatoe as proof of what a dunce he is?
If George W. Bush had burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day, would you have concluded he's a hypocrite?
If George W. Bush's administration had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic, would you have wondered whether they actually get what happened on 9-11?
If George W. Bush had failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans , would you want it made into a major ongoing political issue with claims of racism and incompetence?
If George W. Bush had created the position of 32 Czars who report directly to him, bypassing the House and Senate on much of what is happening in America , would you have approved.
If George W. Bush had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?
If George W. Bush had proposed to double the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?
If George W. Bush had then proposed to double the debt again within 10 years, would you have approved?
So, tell me again, what is it about Obama that makes him so brilliant and impressive? Can't think of anything? Don't worry. He's done all this in 10 months -- so you'll have three years and two months to come up with an answer.
LET'S SEE HOW MANY OF YOU FORWARD THIS...
If George W. Bush had been the first President to need a teleprompter installed to be able to get through a press conference, would you have laughed and said this is more proof of how inept he is on his own and is really controlled by smarter men behind the scenes?
If George W. Bush had spent hundreds of thousands of dollars to take Laura Bush to a play in NYC, would you have approved?
If George W. Bush had reduced your retirement plan's holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved?
If George W. Bush had made a joke at the expense of the Special Olympics, would you have approved?
If George W. Bush had given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift, would you have approved?
If George W. Bush had given the Queen of England an iPod containing videos of his speeches, would you have thought this embarrassingly narcissistic and tacky?
If George W. Bush had bowed to the King of Saudi Arabia , would you have approved?
If George W. Bush had visited Austria and made reference to the non-existent "Austrian language," would you have brushed it off as a minor slip?
If George W. Bush had filled his cabinet and circle of advisers with people who cannot seem to keep current in their income taxes, would you have approved?
If George W. Bush had stated that there were 57 states in the United States , would you have said that he is clueless.
If George W. Bush would have flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in Texas , would you have thought he was a self important, conceded, egotistical prick.
If George W. Bush had been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again, would you have winced in embarrassment?
If George W. Bush had mis-spelled the word "advice" would you have hammered him for it for years like Dan Quayle and potatoe as proof of what a dunce he is?
If George W. Bush had burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day, would you have concluded he's a hypocrite?
If George W. Bush's administration had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic, would you have wondered whether they actually get what happened on 9-11?
If George W. Bush had failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans , would you want it made into a major ongoing political issue with claims of racism and incompetence?
If George W. Bush had created the position of 32 Czars who report directly to him, bypassing the House and Senate on much of what is happening in America , would you have approved.
If George W. Bush had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?
If George W. Bush had proposed to double the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?
If George W. Bush had then proposed to double the debt again within 10 years, would you have approved?
So, tell me again, what is it about Obama that makes him so brilliant and impressive? Can't think of anything? Don't worry. He's done all this in 10 months -- so you'll have three years and two months to come up with an answer.
LET'S SEE HOW MANY OF YOU FORWARD THIS...
Thursday, November 12, 2009
Complete green energy
America, welcome to the new look of housing. This system and method of building rescues the environment. We save on everything, water, lights, glass, flooring, roofing, electricity, toilet flushing, hmmmm, now where do we put up the satelite dish though?
This is coming America, oh yes it is. Save our planet.
Hey, where is the mail slot?
Decrease unemployment, send citizens to JAIL
Hitler, remember him....funny little man, shy little man...well he sent his citizens to jail and unemployment numbers showed a decrease. Is this the Obama plans plan?
Did she have a hearing problem? NO! She is an utter embarassment. Is she just plain stupid, NO! She knows exactly what she is doing. You will go to jail and unlike monopoly, which is what they want over our lives, you will not get an out of jail card. Listen again, did she answer the question? This is written in the document and she knows it.
Join this movement America. Sitting back is not helping, listening to talk radio and Fox news cannot help either. Let them be a conduit to our voices. Save your country or do nothing. The choice is yours
Shift of wealth, Shift of Power, you decide....!
Folks, look and listen. Did you know. They are coming after you and your children will become government slaves.
Sunday, November 8, 2009
Who know's best, the people, or our govt?
American's why, when an overwhelming majority of thinking American's are opposed to a govt health plan are our elitist congressman/woman and senators so hell bent on having their way. I thought we are a country with a govt., turns out it is a govt with a country.
Well, I encourage you to listen to the video and send it to your friends and family. We need to speak out America. This is your voice.
Friday, November 6, 2009
Govt has tried to socialize us through socializing health insurance-You decide
I dare you to click and listen. The video is only 10 minutes long and I know most of us have a problem listening for even 5 minutes, let alone concentrating.
This requires you to gather your friends and family and listen or send a link to this site to your friends and family to listen.
We are either free or we are not. You choose.
Post your comments as always by clicking on the little envelope.
You need to join in order to empower your voice.
This requires you to gather your friends and family and listen or send a link to this site to your friends and family to listen.
We are either free or we are not. You choose.
Post your comments as always by clicking on the little envelope.
You need to join in order to empower your voice.
Friday, September 25, 2009
Are you as defined below?
Simple Analogy
An economics professor at a local college made the statement that he had never failed a single student before but had once failed an entire class.
That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
It could not be any simpler than that.
So, knowing this now, what are you prepared to do?
As always, thank you for reading and do continue to share the blog with your friends and family AND liberals too.
An economics professor at a local college made the statement that he had never failed a single student before but had once failed an entire class.
That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer.
The professor then said, "OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A.
After the first test, the grades were averaged and everyone got a B.
The students who studied hard were upset and the students who studied little were happy.
As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little.
The second test average was a D! No one was happy.
When the 3rd test rolled around, the average was an F.
The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.
All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes all the reward away, no one will try or want to succeed.
It could not be any simpler than that.
So, knowing this now, what are you prepared to do?
As always, thank you for reading and do continue to share the blog with your friends and family AND liberals too.
Thursday, September 24, 2009
Birthdate deception - OBAMA
president Obama told a Selma audience that the 1965 March on Selma resulted in his conception.
Obama was born in August of 1961............
Obama was born in August of 1961............
If you disagree, YOU are anti-human and anti-personal achievement!!!
What a profound short little paragraph that says it all
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for,that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."
~~~~ Dr. Adrian Rogers, 1931
"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for,that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."
~~~~ Dr. Adrian Rogers, 1931
Tuesday, September 15, 2009
Did you know that whites are born as racist according to Newsweek?
So, what does this mean? Poor blacks again, disenfranchised, slaves, what? Will Obama invite the family of the "white" student for a beer, start an investigation into why blacks are allowed to just beat up on whites and is not considered a hate crime? In all of this, where was the bus driver?
A Belleville West High School student was beaten aboard a bus on the way to school Monday, and a police spokesman said the beating could be racially motivated.
The 17-year-old victim was white and the teen assailants were black. Police released a video of the beating, which shows the victim being punched repeatedly while other students on the bus gather to watch, some cheering. It doesn't appear that the victim did anything to provoke an attack and tried only to defend himself. Police said it all unfolded in a five-minute span.
The victim was trying to find a seat and was told by two students he could not sit next to them, police said.
As he walked to the seat, someone shouted, "Beat his ass."
When he did sit down, one teen tried to push him out of his seat then began grabbing the victim’s neck and punching him in the face.
With each punch, some in the crowd chanted, "Boom, boom, boom."
The victim eventually returned to his seat, but another student began taunting him a few minutes later. The victim was then struck in the face.
It was unclear what, if anything, the bus driver did to stop the attack. At one point, before the second attack, a man shouts, "Sit down guys."
Students intervened to help the victim both times.
"In my estimation, it's racially motivated," said Capt. Don Sax of the Belleville Police Department. He said one reason he had formed this opinion was that many of the students, most of whom were black, yelled their support for the beating.
"There was absolutely no justification for the beating either time," Sax said.
Two teens were taken into custody; authorities will apply for charges today. Both students have been suspended, said Superintendent Greg Moats.
He also said there had been no racial problems at the school and said that he wanted to talk further with police to determine why they believe race could have been a motivator in the fight. He also said the school will do everything possible to make sure students are safe, but he wouldn't elaborate. Rating :
(1 Rating)Rate it:
A Belleville West High School student was beaten aboard a bus on the way to school Monday, and a police spokesman said the beating could be racially motivated.
The 17-year-old victim was white and the teen assailants were black. Police released a video of the beating, which shows the victim being punched repeatedly while other students on the bus gather to watch, some cheering. It doesn't appear that the victim did anything to provoke an attack and tried only to defend himself. Police said it all unfolded in a five-minute span.
The victim was trying to find a seat and was told by two students he could not sit next to them, police said.
As he walked to the seat, someone shouted, "Beat his ass."
When he did sit down, one teen tried to push him out of his seat then began grabbing the victim’s neck and punching him in the face.
With each punch, some in the crowd chanted, "Boom, boom, boom."
The victim eventually returned to his seat, but another student began taunting him a few minutes later. The victim was then struck in the face.
It was unclear what, if anything, the bus driver did to stop the attack. At one point, before the second attack, a man shouts, "Sit down guys."
Students intervened to help the victim both times.
"In my estimation, it's racially motivated," said Capt. Don Sax of the Belleville Police Department. He said one reason he had formed this opinion was that many of the students, most of whom were black, yelled their support for the beating.
"There was absolutely no justification for the beating either time," Sax said.
Two teens were taken into custody; authorities will apply for charges today. Both students have been suspended, said Superintendent Greg Moats.
He also said there had been no racial problems at the school and said that he wanted to talk further with police to determine why they believe race could have been a motivator in the fight. He also said the school will do everything possible to make sure students are safe, but he wouldn't elaborate. Rating :
(1 Rating)Rate it:
Wednesday, September 2, 2009
Another black man Obama appointee allowed to use expletives, Imagine if this was a white citizen,hmmmmm!
Watch the link and wonder what the democrats will do if this was (A) a republican and (B) a white person? How do you think the democrats and and libs, your basic anti america group will respond?
Soon he (Obama) will have his civillian army. Tyranny is where we are headed. What good qualification does this man, this czar even have? He is an admitted communist.
http://www.youtube.com/watch?v=CGgOm4aPYjc
Soon he (Obama) will have his civillian army. Tyranny is where we are headed. What good qualification does this man, this czar even have? He is an admitted communist.
http://www.youtube.com/watch?v=CGgOm4aPYjc
Monday, August 31, 2009
Have you been stimulated or destimulated....Bernanke decides!
This article was written by Barbara Cohen of the Tycoon Report
Hail Bernanke: Those in Foreclosure Salute You!
This week, we saw Ben Bernanke "re-anointed" for another four years.
President Barack "Change" Obama, in his heartfelt speech, thanked Bernanke for his "bold action and out-of-the-box thinking that has helped put the brakes on our economic freefall," for bringing "our economy back from the brink" and for building a "new foundation for growth and prosperity."
Hail Bernanke!
But let's take a good look at Bernanke's report card for just the past year and see whether his actions truly merit another four years at the helm.
1. Acknowledged unemployment -- 9.4%.
This does not take into consideration the millions who are underemployed and would like to be full-time employees, or those who simply cannot find work and have fallen off the unemployment rosters even though they've still searching for a job.
In April, the real unemployment number was roughly 15%, but now exceeds 20%.
2. I came. I saw. I foreclosed.
Here are some startling housing facts from the FDIC Web page:
One out of every 200 homes will be foreclosed upon.
Every three months, 250,000 new families enter foreclosure.
One child in every classroom is at risk of losing his or her home.
A slower real estate market translates into lower home values. Homeowners with adjustable-rate mortgages find that, as their mortgage rate adjusts higher, their home value is lower and therefore refinancing is no longer an option.
Six out of 10 homeowners wished they had understood the terms of their mortgage better.
A new category of home sales arose called "short sales," where the sale price of the home is far less than the mortgage needed to be created.
3. The national median existing-home price -- $178,400 in July 2009.
The value of the average home is down 15.1 percent from July 2008. Total housing inventory at the end of July rose 7.3 percent to 4.09 million existing homes available for sale, representing a 9.4-month supply at the current sales pace.
4. National debt cap will need to rise.
Congress will raise the legal limit later this year, according to Treasury officials. The cap the government can borrow from public or foreign creditors is limited by law to $12.1 trillion.
Treasury officials are already expecting to borrow an additional $892 billion through the end of 2009, driving the overall debt past the cap sometime in the fourth quarter.
As of Aug. 29, 2009, at 3 p.m. GMT, the outstanding debt now stands at $11,732,133,791,514.90.
5. $700 billion in 'TARP' money awarded to banks. Carpe Diem or, in this case, Carpe TARP!
Officials overseeing the bailout charged the Treasury with dereliction of duty for failure to ensure taxpayer dollars are properly spent. Many of the 364 banks that received TARP funds co-mingled the money with existing funds and had no proper accountability
Now, 18 banks who received funds didn't make dividend payments due on preferred shares from the Capital Purchase Program.
Number of bank failures so far this year -- 84. This includes another three on Friday, Aug. 29 in Maryland, Minnesota and California.
Disposable personal spending decreased by $4.6 billion in July alone.
Real Gross Domestic Product, the output of goods and services produced by labor and property located in the United States, decreased at an annual rate of 1.0 percent in the second quarter. It was forecast to rise 0.2%.
Even those willing to drink Obama's Kool-Aid can't give Bernanke anything but low grades. These actions can hardly be called "bold action and out-of-the-box thinking," let alone build a "new foundation for growth and prosperity
Hail Bernanke: Those in Foreclosure Salute You!
This week, we saw Ben Bernanke "re-anointed" for another four years.
President Barack "Change" Obama, in his heartfelt speech, thanked Bernanke for his "bold action and out-of-the-box thinking that has helped put the brakes on our economic freefall," for bringing "our economy back from the brink" and for building a "new foundation for growth and prosperity."
Hail Bernanke!
But let's take a good look at Bernanke's report card for just the past year and see whether his actions truly merit another four years at the helm.
1. Acknowledged unemployment -- 9.4%.
This does not take into consideration the millions who are underemployed and would like to be full-time employees, or those who simply cannot find work and have fallen off the unemployment rosters even though they've still searching for a job.
In April, the real unemployment number was roughly 15%, but now exceeds 20%.
2. I came. I saw. I foreclosed.
Here are some startling housing facts from the FDIC Web page:
One out of every 200 homes will be foreclosed upon.
Every three months, 250,000 new families enter foreclosure.
One child in every classroom is at risk of losing his or her home.
A slower real estate market translates into lower home values. Homeowners with adjustable-rate mortgages find that, as their mortgage rate adjusts higher, their home value is lower and therefore refinancing is no longer an option.
Six out of 10 homeowners wished they had understood the terms of their mortgage better.
A new category of home sales arose called "short sales," where the sale price of the home is far less than the mortgage needed to be created.
3. The national median existing-home price -- $178,400 in July 2009.
The value of the average home is down 15.1 percent from July 2008. Total housing inventory at the end of July rose 7.3 percent to 4.09 million existing homes available for sale, representing a 9.4-month supply at the current sales pace.
4. National debt cap will need to rise.
Congress will raise the legal limit later this year, according to Treasury officials. The cap the government can borrow from public or foreign creditors is limited by law to $12.1 trillion.
Treasury officials are already expecting to borrow an additional $892 billion through the end of 2009, driving the overall debt past the cap sometime in the fourth quarter.
As of Aug. 29, 2009, at 3 p.m. GMT, the outstanding debt now stands at $11,732,133,791,514.90.
5. $700 billion in 'TARP' money awarded to banks. Carpe Diem or, in this case, Carpe TARP!
Officials overseeing the bailout charged the Treasury with dereliction of duty for failure to ensure taxpayer dollars are properly spent. Many of the 364 banks that received TARP funds co-mingled the money with existing funds and had no proper accountability
Now, 18 banks who received funds didn't make dividend payments due on preferred shares from the Capital Purchase Program.
Number of bank failures so far this year -- 84. This includes another three on Friday, Aug. 29 in Maryland, Minnesota and California.
Disposable personal spending decreased by $4.6 billion in July alone.
Real Gross Domestic Product, the output of goods and services produced by labor and property located in the United States, decreased at an annual rate of 1.0 percent in the second quarter. It was forecast to rise 0.2%.
Even those willing to drink Obama's Kool-Aid can't give Bernanke anything but low grades. These actions can hardly be called "bold action and out-of-the-box thinking," let alone build a "new foundation for growth and prosperity
Thursday, August 27, 2009
3,900 Stimulus Checks Went to Prison Inmates
A mistake or democrats loking for voters?
The federal government sent about 3,900 economic stimulus payments of $250 each this spring to people who were in no position to use the money to help stimulate the economy: prison inmates.
The federal government sent about 3,900 economic stimulus payments of $250 each this spring to people who were in no position to use the money to help stimulate the economy: prison inmates.
Wednesday, August 12, 2009
What Obama said.......hmmmm!
He actually stated, “If you think about it, UPS and FedEx are doing just fine. It’s the Post Office that’s always having problems.”
Does the inner Obama actually favor private health-care and this statement was a Freudian slip?
I am of the belief that Obama is heavily under the influence of extremely wealthy people who are hell bent on destroying our country, people like George Soros, movements like moveon.org etc.
Join or be a wimp and sit on the side line and complain. Folks, we need to get involved here, our voices need to be heard.
Thanks for reading and as always, notify friends and family about this blog and spread the word to save our country.
Does the inner Obama actually favor private health-care and this statement was a Freudian slip?
I am of the belief that Obama is heavily under the influence of extremely wealthy people who are hell bent on destroying our country, people like George Soros, movements like moveon.org etc.
Join or be a wimp and sit on the side line and complain. Folks, we need to get involved here, our voices need to be heard.
Thanks for reading and as always, notify friends and family about this blog and spread the word to save our country.
Did you know this?
Government insurance is what’s in trouble today.
Medicare is in the hole by about $40 trillion on a discounted present-value basis over the next 40 or 50 years. And if we’re going to equate government care to government mail, according to Steve Hayes of the Weekly Standard, the U.S. Postal Service is going bankrupt with a $7 billion net loss this year. With 633,000 career employees, the Post Office won’t be able to make $5.4 billion in retiree health-benefit payments. How many of these federal employees will populate the new government-backed insurance plan if it passes?
Medicare is in the hole by about $40 trillion on a discounted present-value basis over the next 40 or 50 years. And if we’re going to equate government care to government mail, according to Steve Hayes of the Weekly Standard, the U.S. Postal Service is going bankrupt with a $7 billion net loss this year. With 633,000 career employees, the Post Office won’t be able to make $5.4 billion in retiree health-benefit payments. How many of these federal employees will populate the new government-backed insurance plan if it passes?
World leaders creating tyranny...BELIEVE IT!!!
'Incompetent' Leaders Pose Threat to Recovery: 'Black Swan'
Published: Wednesday, 12 Aug 2009 | 9:36 AM ET Text Size By: CNBC.com
Incompetent policymakers are to blame for a financial crisis that will continue until substantial changes are made, author Nassim Taleb, known as the "Black Swan," told CNBC.
Photo by: YechezkelZilber
Nassim Taleb
--------------------------------------------------------------------------------
Taleb, principal at Universa Investments and coiner of the "Black Swan" term to explain drastic, unpredictable events, said in a live interview that choking debt, continued high unemployment and a system that rewards bad behavior will hamstring an economic recovery.
"It is a matter of risk and responsibility, and I think the risks that were there before, these problems are still there," he said. "We still have a very high level of debt, we still have leadership that's literally incompetent ..."
"They did not see the problem, the don't look at the core of problem. There's an elephant in the room and they did not identify it."
Taleb said policymakers need to begin converting debt into equity but instead are continuing the programs that created the financial crisis.
"I don't think that structural changes have been addressed," he said. "It doesn't look like they're fully aware of the problem, or they're overlooking it because they don't want to take hard medicine."
With Bernanke's term running out, Taleb said Obama would be making a mistake by reappointing the Fed chairman.
"Bernanke belongs to a school of economics that is not in synch with the complex system," he said. "By having Bernanke there you're rewarding failure."
Taleb has earned a reputation as a market bear and sage following the publication of his 2007 book, "The Black Swan," that in part warned that banks were susceptible to failures beyond what models could predict—hence, a "black swan" type of rarity. The collapse of the financial system happened shortly thereafter.
He said he doesn't consider himself a pessimist, but is worried about a system that provides tax breaks to failing businesses and rewards, through the "Cash for Clunkers" program, people who bought gas-guzzling vehicles and don't want them anymore.
"It's not pessimism. I'm warning against a lack of understanding of the disease," Taleb said. "Now sometimes you see patients doing very well and they have cancer. Long-term, I'm not comfortable treating a patient for his headaches when he has lung cancer."
Published: Wednesday, 12 Aug 2009 | 9:36 AM ET Text Size By: CNBC.com
Incompetent policymakers are to blame for a financial crisis that will continue until substantial changes are made, author Nassim Taleb, known as the "Black Swan," told CNBC.
Photo by: YechezkelZilber
Nassim Taleb
--------------------------------------------------------------------------------
Taleb, principal at Universa Investments and coiner of the "Black Swan" term to explain drastic, unpredictable events, said in a live interview that choking debt, continued high unemployment and a system that rewards bad behavior will hamstring an economic recovery.
"It is a matter of risk and responsibility, and I think the risks that were there before, these problems are still there," he said. "We still have a very high level of debt, we still have leadership that's literally incompetent ..."
"They did not see the problem, the don't look at the core of problem. There's an elephant in the room and they did not identify it."
Taleb said policymakers need to begin converting debt into equity but instead are continuing the programs that created the financial crisis.
"I don't think that structural changes have been addressed," he said. "It doesn't look like they're fully aware of the problem, or they're overlooking it because they don't want to take hard medicine."
With Bernanke's term running out, Taleb said Obama would be making a mistake by reappointing the Fed chairman.
"Bernanke belongs to a school of economics that is not in synch with the complex system," he said. "By having Bernanke there you're rewarding failure."
Taleb has earned a reputation as a market bear and sage following the publication of his 2007 book, "The Black Swan," that in part warned that banks were susceptible to failures beyond what models could predict—hence, a "black swan" type of rarity. The collapse of the financial system happened shortly thereafter.
He said he doesn't consider himself a pessimist, but is worried about a system that provides tax breaks to failing businesses and rewards, through the "Cash for Clunkers" program, people who bought gas-guzzling vehicles and don't want them anymore.
"It's not pessimism. I'm warning against a lack of understanding of the disease," Taleb said. "Now sometimes you see patients doing very well and they have cancer. Long-term, I'm not comfortable treating a patient for his headaches when he has lung cancer."
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