Orwellian Finance: Is 1984 happening in 2009?

January 22, 2009

I recommend the following:
 
http://seekingalpha.com/article/115328-orwellian-finance-is-1984-happening-in-2009
 
Excerpt:
 
In the last year, government has taken advantage of this financial crisis to step into the breach and gained complete control over our banking system and auto industry. They are choosing the winners and losers in our society. They have chosen to save their rich ruling elite brethren who made billions by taking excessive criminal risk, and throw the middle class under the bus. The average American does not see the insidious method that The Party has used to gain overwhelming power over their lives. The U.S. government has used chaos, fear, and exaggeration to expand their control. The method used to gain control is simple. Government creates a problem, fans the flames to make the problem appear to be extremely dangerous, and then provide a solution that only government can implement. 
 
The government now spends $2.9 trillion per year, or 20% of GDP. With the proposed stimulus, government spending could breach 30% of GDP. In 1929, government spending accounted for only 9% of GDP. In 2000, when President Bush ascended to power, spending on National Defense was 3.8% of GDP. Today it is 4.8%, having risen by 79% since 2000. In 1940, prior to WW II, National Defense accounted for 2.5% of GDP.
 
The complete lack of interest or care about American history by the vast majority of citizens, allows them to be misled by the State. The past is portrayed as being worse than today. The public is easily manipulated by the propaganda put out by the government and trumpeted by Big Media. As the Democrats make their misleading case for a $1 TRILLION pork filled stimulus package, they are telling the American public that FDR�s New Deal spending in the 1930s worked to pull the country out of the Great Depression. 
 
That is a bold faced lie. The GDP of the U.S. was $104 billion in 1929. It did not exceed that level until 1941 as spending on National Defense jumped by 500%. Unemployment was still 19% in 1938, years after the New Deal programs had been instituted. 
 
Economists Lowell E. Gallaway and Richard K. Vedder argue that the 
 
Great Depression was very significantly prolonged in both its duration and its magnitude by the impact of New Deal programs. Without Social Security, work relief, unemployment insurance, mandatory minimum wages, and without special government-granted privileges for labor unions, business would have hired more workers and the unemployment rate during the New Deal years would have been 6.7% instead of 17.2%. 
 
If the American public was not being misled, they would see that the next decade will be a government induced nightmare. 
 
The U.S. government controls the flow of information that is used to stage-manage public opinion. Every statistic is massaged in a way to reflect the most positive view of the world. The gullible public and clueless Wall Street professionals accept these statistics with no questions asked. Government has learned that they can make bad news seem like a victory if they�ve built expectations for worse news. The Bush administration a few years ago forecasted a budget deficit of $400 billion and broke out champagne bottles when it finished at $300 billion. Only government bureaucrats could celebrate such a disastrous result. The Party attempts to keep the public in the dark, but the Resistance exists to shed light on their lies. Economist John Williams has been uncovering the government manipulation of facts and revealing the truth for many years.

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Remember, it is very easy to transfer power and authority to the government.  It is next to impossible to get it back.

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