Nemo me impune lacessit

No one provokes me with impunity


No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Article 1, Section 9, Constitution of the United States

If this is the law of the land...why in a republic (little r) and as republicans, do we allow mere POLITICIANS to the right to use a "title of office" for the rest of their lives as if it were de facto a patent of nobility. Because, as republicans, this should NOT be the case...just saying...

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Monday, September 07, 2009

Obama Making the Same Mistakes as FDR

According to a number of economists, including Nobel laureate James Buchanan, are saying that Mr. Obama is making very many of the same mistakes that FDR did that made the "Great" Depression of the 1930's longer and harsher than would have been the case. Mr Buchanan states;

"We have learned some things from comparable experiences of the 1930s' Great Depression, perhaps enough to reduce the severity of the current contraction. But we have made no progress toward putting limits on political leaders, who act out their natural proclivities without any basic understanding of what makes capitalism work."

Additionally, economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute. They say that by employing massive deficit spending as well as increased state intervention directly in the economy, President Obama will ultimately hamper the long-term growth of the US economy and risks delaying economic recovery by several years. Just as FDR's policies wiped out the recovery of 1934 and early 1935, by freezing prices in some vital economic sectors, and increasing trarrifs on others.

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