Rep. Steve King Claims the Stock Market Would go Up if Obama Embraced the Policies of Milton Friedman
Click here to view this media After just espousing the Congress of the United States passing a balanced budget amendment as the cure to our economic problems which has no chance in hell of passing and would just make our economic problems worse if we limited or federal government’s ability to borrow money in times of crisis, Rep. Steve King in his profound wisdom let all of America know just what he thinks would make the stock markets jump up 1000 points this coming Monday. President Obama needs to denounce Keynesian and adopt those of Milton Friedman instead. President Obama needs to let everyone know he’s a one term president. President Obama needs to “embrace and endorse the Republican nominee because that’s the free market, freedom, and liberty party.” And then King had the nerve to invoke their saint, Ronnie Ray Gun and him asking if you are better off now than you were four years ago, when Reagan would not be welcomed in today’s Republican Party that has been taken over by TeaBirchers and right wing extremists like Congressman Steve King of Iowa. King also had the nerve to call President Obama a Keynesian economist on steroids, when he’s compromised with these hostage takers on the right in our Congress on economic policies and for those like the Paul Krugman’s and the Dean Bakers’ of the world along with a lot of the rest of us, he’s not been way to far to the right with his economic policies, but heaven forbid Steve King won’t let a few facts get in the way of his hyperbole here. And if that flame throwing wasn’t enough, King compared Obama to Hugo Chavez with nationalizing American businesses, with a litany of lies about what a government takeover actually means. King went on to pretend like the business friendly, former health care plan that was endorsed by the likes of Mitt Romney among others was “nationalizing” our health care program. Those of us who were pushing for single payer could only wish that lie were true, but it didn’t stop King from spinning “Obama-Care”, or the Affordable Care Act as some evil Socialist government takeover of our health care system here. He also was callous enough to take up the ridiculous argument from John McCain and Snooki, bitching about taxes on tanning salons, because god knows we can’t have anyone who can afford that paying a few dollars more to pay for other health care expenditures. And the hyperbolic language didn’t end there. King followed up with saying that “Obama-Care” needs to be “ripped out by the roots” and compared the health care law to a malignant tumor in our society that “feeds on your freedom and your liberty.” I hate to break it to the Congressman, but that “tumor”, while it did not go far enough, was at least a step in the right direction with fixing what’s wrong with our health insurance industry in America that needs to be strengthened and now watered down or eliminated as King was proposing here. King wrapped it up by saying the next president should repeal “Obama-Care” on inauguration day. It’s so nice to know that King has his priorities in place, like looking out for the profits of the health insurance industries. In his world, freedom means the freedom to gouge your customers while making sure the CEO’s profits aren’t limited, Wall Street investors get their take, and in the mean time those who are paying their money to these companies get gouged. I hate to break it to Steve King, but that’s not my idea of “freedom.”
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on August 14, 2011. Filed under