Our enemies will not even have to fire a shot. we will be so weakened by OB's so called stimulus pgd????

Submitted by Vigilant (United States), Feb 10, 2009 at 10:57

Dear Daniel, Thanks for so much enlightment received by many at the WPB, Retreat. It was truly a gathering of brilliant minds. I was not there, but I watched it off of Glenn Beck's website. It was so amazing. I learned that that things are really serious as to the direction this country i headed. Enjoyed watching as each panelist gave their thoughts.

Barack Obama is trying so hard to unify Liberals, Conservatives and others who thinks he can convince that we are all in this together. And somehow if we just be nice everthing will work out with his so called Stimulus Pkg. but hold on to your hats folks this is not what you think, it is the biggest spending spree we are giving the Democrats ever known to mankind...anywhere!!! Here is what former Pres. R, Reagan would say to this disasterous piece of printed papers. --Visiting Duke Prof takes Obama, Congress to task.!!

Durham, NC "Bill Brown a visiting prof. at Duke Univ., harkens back to the R.Reagan presidencey for SOLUTIONS TO THE CURRENT CRISIS.
Brown, a longtime Wall Street Executive, said the Economic Recovery Tax Act of 1981 (ERTA) offers a blue print for fiscal stimulus that would be far more effective than the stimulus pkg. being considered by Congress."Simply pushing money into the economy via infrastructure projects, no matter how well intentioned, is not the answer." said Brown, who joined the Duke faculty to teach the practice of law after an extensive career at Goldman Sachs, AIG and most recently ,Morgan Stanley, where he was global co-head of listed derivatives. At a time plagued by slow economic growth, hight interest rates and high inflation, ERTA not only reduced tax rates, but established a powerful set of incentives to promote investment to income producing "capital assets" - plant, property and equipment, according to Brown. It resucitated the Kennedy era investment tax credit (ITC), which gave business partial reimbursement for the purchase of every new income producing asset they acquired. And it added to this subsidey by allowing all those assets to be depreciated extremely rapidly under the new Acclerated Cost Recovery System (ACRS) "ERTA) helped break us out of the economic quagmire of the 1970s."Brown said, Sure, it lowered tax rates for everybody, but its most important legacy was in getting this country investing in the economy again. The gov't essentially said to the private sector 'you, think of whre our economy needs the money the most, and as long as you put your money there first, we will follow right behind you."' -The effect was almost immediate!!, Brown said.- By 1983, the economuy was growing like GANGBUSTERS," he said. "And the best thing about it was that the private sector was allocating the money more efficiently than WOULD HAVE BEEN POSSIBLE HAD THE GOVERNMENT BEEN DIRECTING THE INVESTMENTS!! This meant the money got to people who had no ability to lobby Washinton to SPEND MONEY ON THEIR BUSINESSES. "PRESIDENT OBAMA AND CONGRESS SHOULD STEP BACK FROM THE CURRENT SPENDING BILL AND TURN IT INTO A .....S -T-I-M-U-L-U-S BILL,!", he added. wake up America!!

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