All Praise Obama’s Recipe for Disaster

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It is hard to imagine an administration that is so corrupt, so incompetent, so dishonest, and so intent on getting re-elected at any cost than Obama’s!  Obama is spending  $4 million to vacation in Hawaii ( and yes, Michelle is travelling on a separate flight with her entourage), while still pushing his class-warfare mantra of “tax the rich).   Again, I ask the same old question. What gives liberals the right to steal  from those who have worked hard and succeeded and give it to those have not; at least without first doing all it can to rein in wasteful government spending?   

What wasteful spending you might ask?  Well, here are a few examples of the financial fiasco that is Barack Obama’s administration.

  • The U.S. gave China $17.8 million for economic development and social services.  Of course, we first borrowed the money from China.  So we are paying interest on money we borrowed from China to give to China?  Even you liberals ought to see the stupidity in that transaction.

That should be enough by itself, but here are a few more:

  • $100,000 to fund a study of why chimpanzees fling their feces (maybe because they can … Duh!).
  • $10 million was spent to produce a version of Sesame Street for Pakistan (Why?).
  • $75,000 to promote awareness about the role Michigan plays in producing Christmas trees & poinsettias (Just don’t display any of them on public property … you may get arrested).
  • $15.3 million for one of the infamous Bridges to Nowhere in Alaska (No wonder Sarah resigned as governor!).
  • $113,227 for a video game preserve in New York (I was unaware video games were endangered).
  • $35 million for political party conventions in 2012.
  • $550,000 for a documentary about how rock music contributed to the collapse of the Soviet Union.
  • $48,700 for the 2nd annual Hawaii Chocolate Festival to promote Hawaii’s chocolate industry (The government has to convince people to by their chocolate … must be pretty bad chocolate!).
  • $350,000 to support an International Art Exhibition in Venice, Italy (Great, but not their job.)
  • $765,825 to study how college students use mobile devices for social networking (Really?)

And my personal fav:

  • $765,828 to subsidize “pancakes for yuppies” in the nation’s capital (Can you say “blatant vote buying?” I knew you could!).

As long as Obama, Pelosi, Biden, and Reid are wasting (oops … my bad; spending) taxpayer money like this … they have no justification to raise taxes on anybody!!!

On a side note: 

We finally have peace in Iraq thanks to the brilliant leadership of our Messiah and peerless leader, the 4th greatest president in the history of our nation, Barack Obama.  The troops are home and all is well.  Except we just created a power vacuum in Iraq that Iran will be extremely happy to fill. 

A clue for the clueless: This morning, a series of coordinated bomb explosions in Baghdad killed at least 63 and injured perhaps 185 more.  These were car bombs and improvised explosive devices (IEDs). 

This morning’s carnage is clearly an effort by radical Islamists backed by Iran (who manufactures most of the IDEs by the way) to destabilize and overturn Iraq’s fragile democratic government. Iraq’s fragile democracy is on its own; now only protected by a fledgling national security force. 

Why?  Because Obama, in a move coldly calculated to increase his ratings in the polls and help his re-election bid at the cost of Iraq’s new government and the lives of American service men who died there, … rushed to bring the “troops home for Christmas.”   Of course, the liberal spin doctors and their media lackeys are proclaiming it a U.S. victory and praising Obama for his courage and leadership.  A whole slew of pompous ceremonies have been planned to celebrate the “end” of the war.

In a calculated, twisted sort of way, it was a brilliant political move.  I mean, everyone wants the troops home … don’t they!  But I predict that the premature withdrawal of American forces from Iraq will lead to many, many more deaths and much more destruction down the road.  Just wait and see …

Who Totes The Note?

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Americans should be furious!  Have we truly lost our minds?  I understand there will always be some Obama-zombies who drank entirely way too much cool-aid and believe Obama is the new Messiah … but what about the rest of us?   Are we really going to sit back in voter apathy, or squabble over the perfect candidate to beat Obama and then simply not vote if our “personal choice” does not happen to win the Republican National Convention?  That is precisely how Obama could win re-election … in fact, that is what he is counting on!! 

Let’s look at a few things:

  • Congress has a 9% approval rating.  64% of Americans rate congress as the least professional and ethical  profession in the U.S.  Pin heads keep talking about how we need to elect experienced representatives to Congress.  Well, if their experience is in amassing trillions of dollars in debt, not passing budgets, partisan brinksmanship, ignoring the will of the people, and voting themselves endless pay raises … fire the bums!   We need Statesman and businessmen … not business-as-usual politicians!
  • Congress has not passed a budget in three years!  They simply rely on “continuing resolutions,” which amounts to living paycheck-to-paycheck as a nation.  When we run out of money … they borrow more.  When China won’t loan us any more, they simple print more!  It does not take an economics degree from Harvard to understand that this is sheer lunacy!  How do you cut money from a budget that does not exist? A balanced-budget amendment is not enough.  That simply means that the “incoming” must equal the “out going.”  There are two ways to do that: 1) Cut spending, or 2) raise taxes.  But with spending out of control … Congress simply cannot raise taxes enough to cover their insane spending spree!   A $15 trillion current debt, a $2 trillion a year shortfall, and an estimated national debt of $30 trillion by 2030 tells us we have to seriously cut spending. 
  • Entitlements have to be looked at as well.  We have created a generation of narcissistic, entitlement-minded  sheeple who expect great jobs where the don’t have to actually work, have plenty of leisure time, and make great money … or if not, the government gives them everything.  That is not the American way.  Americans work hard, sweat, take risks, create, invent, and succeed by the fruits of their own labors … and sometimes they fail!  But they can always try again.  It is the land of equal opportunity, not equal result!  Why do some folks think that they have the right to take from people who work harder than they do? Or that it is the government’s job to provide everyone with a $100,000 per year life-style whether they work or not?
  • We cannot cut defense spending to the point of national weakness!  Obama has weakened us enough with his apologies and inept, bumbling lack of foreign policy.  Iran is six months from nuclear weapons.  North Korea is selling nuclear technology to Iran. Iran is planning war games to practice shutting down the Strait of Hormuz! They also shot down and captured one of our top-secret drones and all Obama can do is ask for it back “pretty, pretty please!”  I don’t think Achmed is very afraid of Obama!!  Ohl!  Wait … Obama says he got Osama Bin Laden ….  so he is a bad-ass President!  However, all he did was give the go-ahead.  Actually, the CIA and the Navy SEALS got Bin Laden with intel gathered by the intelligence machine created under Bush (which by the way, Obama wanted to shut down and Eric Holder wanted to prosecute).
  • Speaking of Eric Holder (our esteemed Attorney General)!  I think “Fast and Furious” was a plan to help the Anti-gun groups in this country make a case for stronger gun control, but it backfired on them.  Total incompetence because Obama hires based on ideology … not qualifications!!  And now American border patrol agents are dead, and 2000 weapons are in the hands of Mexican border criminals.  An American border agent armed with a freaking “bean-bag” gun is gunned down by a Mexican border criminal with a fully automatic weapon!   And  … Holder knows nothing?  Obama knows nothing?  Ahhh!  but … they know enough to prosecute governors, states, and Sheriffs who try to do what they can to protect their border-state citizens!
  • Barney Frank and Chris Dodd should be in prison!  Using Fanny Mae and Freddie Mac, Congress forced banks to make crazy mortgage loans to people who could in no way afford them …. simply to buy democratic votes.  Then when these people, predictably,  could not pay their mortgages, Congress demonized the banks … and useful-idiots  like the “occupy Wall street” crowd fall into lock-step and protest the wrong people … taking the scrutiny away from where it should be … on Congress!  It should be “occupy Washington!”  Do you now why Obama, Pelosi, and Reid embraced the “Occupy Wall street” movement … because as long as they were occupying wall street, they weren’t looking where the should be looking … at an incompetent President and his liberal Congress!
  • People who pay no income taxes are mad at people who pay 75% of federal income taxes for not paying “their fair share!”  An oil pipeline that could create millions of jobs and give America a safe oil supply is shelved so Obama can punish states for rejecting Obama care!  Obama, Pelosi,and Reid spew vitriolic nonsense about Conservatives wanting autistic children to die of downs syndrome, little old grannies to be sent to forced-labor camps to die while performing slave labor stamping out Republican bumper stickers, and that conservatives like to drink toxic water while inhaling smog … and the Obama-zombies listen and believe!  Class-warfare at its finest.  Saul Alinski would be so proud!  The question is … are American voters really going to fall for this nonsense?

Obama’s Report Card:  F-

And who totes the not for this insane foolishness?  … the American tax payer!  How much longer are we going to put up with this!

CBO Quietly Downgrades Obama’s $825 Billion Stimulus

Must be that “Arab Spring” is still in the air?

After nearly all the $825 Billion in Obama’s stimulus money has been spent, the CBO quietly admits it cost taxpayers more than advertised, did little to boost economic growth, and will hurt the economy in the long run.

Releasing its latest quarterly report on the economic effects of the Obama stimulus, the CBO sharply lowered its “worst case” scenario while trimming many of its estimates for stimulus-fueled growth and employment.

The newly revised  report states that the stimulus may have actually added as little as 0.7% to GDP growth in 2010 (when spending was at its peak)  and actually created as few as 700,000 new jobs.

In addition, the CBO says the extra infrastructure money didn’t boost economic growth as much as previous claims, because states simply reduced spending from their own budgets on highways.

The truth is that the stimulus had virtually no meaningful effect on growth and employment despite its incredibly massive price tag.

The real kicker is that the CBO has also increased that price tag from the initial $787 billion to $825 billion … a 5% hike.

Hmmm!  Why am I not surprised?  No wonder Obama’s campaign team is planning on running a $1 Billion scorched-earth negative campaign in 2012!  All he can do is attempt to destroy his opponent with half-truths, lies, and innuendo …  because his record is one of complete and unequivocal disaster!

The Problem With Ron Paul Revisited

9/11 hijacker Khalid al-Mihdhar, for whom al-A...

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You know, I really do like a lot of what Ron Paul says when it comes to the U.S. Constitution, our government, spending,  and capitalism; but then he always has to go and blow it … with his fantasy world views on foreign policy and national defense.

I am sorry … but Anwar al-Awlaki gave up his American citizenship when he chose to become a terrorist and commit the worst kind of treason … plotting the death of thousands of American citizens.

Are we supposed to risk the lives of a dozen or so Navy SEALS to try to capture this piece of crap, just so some terrorist friendly lawyer can make a few million dollars defending him in some terrorist friendly Court … like maybe the 9th Circuit Court in California?  If an armed drone can end his threat to our nation and its citizen’s safety without needlessly risking the lives of our soldiers …  then so be it … al-Awlaki gets a “drone enema.”

Maybe if Anwar al -Awlaki was living in say Boston or San Francisco … it would be different; and we could arrest him without launching a major military offensive.  Then by all means: liberals could read him his Miranda rights, and try him.  Then then Ninth Circuit Court could make a hero out of him and slap his wrist.  But that fact is that  al-Awlaki is (or excuse me … was) in Yemen.  And … there is the real world/ fantasy difference folks!

Speaking of California, the left-wing loonies in charge of that once great state are at it again.  The state is already bankrupt and want to cut medicare payments to save money, but at the same time … they are going to pay $10,000 to each trucker in California (or who drives into California) to aid them in changing out a perfectly good diesel engine that meets federal emissions standards for a new “California-friendly” diesel engine that meets their state’s special emission standards.  One owner of a small trucking business in Minnesota had to shell out over $40,000 to change out perfectly good diesel engines in his trucks just so he could deliver loads to California.  Hmmm … $40,00 … wouldn’t that have been just about enough to put another American to work?  Sheer California madness!  We should just let that state regulate itself out of existence …

83% of Knoxville Voters Do Not Vote Yesterday

Knoxville held an election yesterday!   Hello!  83% of you did not vote!  This is part of what is so wrong with America today. Your vote does count! Madeline Rogero lacked 15 (Yep … 15!) votes of having a clear victory … Knoxville is headed for a runoff election.

You cannot help fix things if you do not get off your butts and vote.  Obama hopes you will stay home in November 2012.  As a nation, we simply cannot afford that … we cannot afford voter apathy!  Too much is at stake.

Are you going to fight for your country and exercise the RIGHT that literally thousands of Americans before us died to protect … or are you going to apathetically fritter away all your rights and responsibilities as a free Americans?

Campaign 2012: Obama’s Fuzzy Math and Racism?

Morgan Freeman at the Cannes film festival.

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Obama strikes again … positioning himself as the proud defender of the American middle class

“Either we ask the wealthiest Americans to pay their fair share in taxes or we’re going to have to ask seniors to pay more for Medicare. We can’t afford to do both. This is not class warfare, its math,” Obama stated to a cheering audience of cool aid drinking Obama-zombies.

“If asking a billionaire to pay the same tax rate as a teacher makes me a warrior for the middle class, I wear it as a badge of honor,” Obama proudly exclaimed!

Just the kind of words you would expect to send a shiver up the legs of eat-the-rich progressive-liberals who can’t wait to line up for their “free Obama money!” Sounds to me like he is working up to admitting he is a socialist.  Maybe that will be in next week’s speech.

If what Obama is doing is not waging class warfare on higher earning Americans to win the votes of lazy socialist-minded welfare recipients, and if it is indeed just “math;” it is the fuzziest math I have ever seen.  In fact … it is an outright lie. But then, Obama has never been one to let the truth get in the way of a good story!

Obama is basically saying that instead of having a spending problem, America has a revenue problem. This could not be further from the truth.  The Obama administration’s spending frenzy is unsustainable.  In fact, do you remember when Obama stated that the current deficit spending is “unsustainable.”

“We can’t keep on just borrowing from China,” Obama said in May of 2009 at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

I guess the wind must have changed, because now Obama, master of the “blame-everyone-but-me”  game, is now trying to blame the “wealthiest Americans” for America’s economic woes.  Of course, this is exactly what SEIU, ACORN, and Vote smart-minded  people hear! It is definitely class warfare and one of Obama’s re-election strategies it to divide, create mode discord, and conquer. The truth is, however, it is simply re-election campaign rhetoric, it is dishonest, and it is definitely un-presidential.

It is time for Americans to stand up and demand to know what he means by “pay their fair share.”  Obama keeps using the phrase “millionaires and billionaires” in his campaign speeches.  This is part of his fuzzy new math … that defines anyone who earns $200,000 and more as a “millionaire and billionaire.” How does earning $200,000 equate to being a millionaire?  The NEA and local teacher’s unions (strong Obama supporters all) have been trying to teach this “math” in our public schools for years

How does Obama define “fair share.” Real math shows that “wealthiest Americans” pay the majority of federal income taxes, while the only group not paying its “fair share” is the 47 percent of wage earners in this country who pay no federal income tax at all.  Again … sounds like class warfare to me!

There is nothing stopping Obama’s good friend, Warren Buffet from paying more taxes. Obama said in hs jobs speech that Warren Buffet told him that he felt he should pay more taxes because he is wealthy and can afford to.  Why then is Mr. Buffet fighting against paying $1 billion in the back taxes he owes.  He should happily pay that and more!

Obama assumes that, we fly over Americans (because we do not live in New England or California), are too stupid to do the math.  Obama tells us that if we just raise the taxes on “wealthy Americans,” the deficit problem will go away.  This is simply not true and another example of Obama’s fuzzy math.  Several independent researchers have done real number crunching (you know, the kind of math schools taught before our public schools became progressive-liberal ”brainwashing programs”  and the NEA began to re-write American history and develop curriculums based on political correctness). 

The truth is that  if the government actually confiscated 100 % of all income over $200,000 per year, the federal government would gain about $221 billion!  So …  if Obama were to actually be honest with his voters … this “revenue enhancement” would not even cover the $714 billion he spent on anti-poverty programs last year; never mind cover Obama’s increased spending for his American Jobs Act!

What Obama is really trying to do is to frame the 2012 election around race.  If he can convince enough black and hispanic voters who are now upset with his performance that the Tea Party is racist, then he may have a chance at being re-elected in 2012.   This is what Obama is secretly and desperately trying to do … and he has help from people I never would he suspected. 

Morgan  Freeman, a man I once respected as a man and an actor (I loved his roles in Invictus and Million Dollar Baby … among others) accused the Tea party of being racist in an interview on CNN’s Piers Morgan Tonight saying,

“Their stated policy, publicly stated, is to do whatever it takes to see to it that Obama only serves one term. What underlines that? ‘Screw the country. We’re going to whatever we can to get this black man outta here.”

No Mr. Freeman.  You are dead wrong.  It is not that “We’re going to do whatever we can to get this black man outta here.” Are there racists in this country?  Of course there are!  On both sides.  I would argue that anyone who wants to keep Obama in office just because he is black, and ignores the fact his is destroying our country … is a racist!  But that is not what this is about! 

It is the fact that Obama (whether he is black, white, bi-racial, or pink with purple polka dots) is destroying this country!  His Soros-orchestrated policies are leading American down the same failed path that has already destroyed most of western culture … the path to big government with its sluggish bureaucratic centralized control, out-of-control spending, and unsustainable social welfare programs; that (while popular with 3rd and 4th generation welfare recipients and those with socialist or communist leanings) will lead this country to bankruptcy … just like it has Greece and most other EU member nations.

In case Morgan Freeman hasn’t noticed, Herman Cain is black … and a doing very well in Tea Party circles.  I guess he would call Allen West, Marco Rubio, Alan Keyes, Nikki Haley, Susana Martinez, James White, and Stefani Carter racist!

 I really like Herman Cain’s comments on Morgan Freeman’s “the Tea Party is racist” statement:

“Well, first of all, I doubt if Morgan Freeman, with all due respect, who is a great actor, has ever been to a Tea Party,” Cain said. “Most of the people that are criticizing the Tea Parties … about having a racist element, they have never been to a Tea Party.”

Cain, whose campaign is doing very well after winning the Florida straw poll, was quick to say that he was not offended by the Freeman’s remarks:

“I just think that it is sad that they’re so short-sighted in really understanding what the whole Tea Party citizen movement is all about,” he continued. “I’m not offended by it, because it doesn’t slow down my momentum. It doesn’t slow down the reaction that I get from people.”

“So, name-calling is something that’s going to continue in this, because they don’t know how to stop this movement. And this movement is making a big difference in politics, because a lot of the traditional Democrats are moving to the center or moving over to vote for conservatives. They’re taking another look at a Herman Cain.”

What scares Obama’s campaign so much is that they do not know how to stop the Tea Party movement!  Normally, progressive-liberals would just buy them off.  That is how, as van Jones said, the communists bought the Democratic party.  In the past, they would  just pass some massive pork spending bill and slip the money out the back door to pay off the trouble makers … and the problem goes away. 

This tactic will not work on the Tea Party because the Tea Party is made up of American heartland-type Americans, including Republicans and Democrats, Blacks, Whites, and Hispanics.  Tea Party members want to end just that kind of corrupt, Chicago-style, backroom deal making;  and to get back to ideas like being proud to be an American, having a balanced budget, fiscal responsibility the federal government level, and yes … individual responsibility.

Progressive-liberals simply do not understand that kind of thinking.  They kneel at the altar of big government and are petrified of the idea of Americans thinking for themselves and making decision without out their “guidance.”  They have no choice but to resort to scare tactics and name calling.  And … as November 2012 approaches it will get much worse!!

Despite what Morgan Freeman says, Obama’s re-election is a clear and present danger to this country’s future as the last standing bastion for individual freedom and liberty.  Racism does not enter into the equation. It is a sad commentary on how far this country has fallen from the greatness our ancestors fought and struggled for, but the sad truth is that if enough voters are more motivated by the selfish entitlement mentality fostered by progressive-liberal’s over the last several decades, than by what is truly best for America and the majority of patriotic Americans living here, he can be re-elected.  It is time for the silent majority to no longer be silent.  It is time for conservatives to go against the nature and stand up and be heard … loudly and forcefully.

Addressing Illegal Immigration

Ellis island Immigration Museum hall, 2009

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Illegal immigration is a real problem for this country,  and not only for out-of-work Americans.  Our southern borders are turning into war zones with drug smugglers, gun smugglers, and human traffickers having free rein while Obama‘s administration and Janet Napolitano‘s Department of Homeland Security do nothing and tell us “its’ ok … don’t worry … be happy!”

Trafficking in illegal aliens is also a danger to the illegal aliens themselves. Many illegal aliens from Mexico, South America, China,  and other nations are transported here under unhealthy, even dangerous conditions.  They have no real means of supporting themselves and put a real strain on America’s already dangerously strained economy by using tax payer provided services without paying any taxes.

Do I hate immigrants?  Of course not.  Most of us are descendants of immigrants.  But our descendants immigrated legally.  They came through Ellis Island or other immigrant entry ports. They came here to build something, to join a dream!  They fought to earn their place in society and helped to build a great nation.

I have nothing against legal immigrants.  I am not for punishing the children of illegal immigrants for the crimes of their parents.  However, amnesty just rewards law breakers (and gives Obama an instant ACORN friendly voter block).  Governor Perry’s providing education to children of illegal immigrants is a way to get them off the welfare rolls and turn them into productive members of society … rather than have them join gangs or vote in Obama’s (and other progressive-liberals) illegal alien voter blocks; is his way of dealing with a real problem!  At least Perry is doing something!  Like Sheriff Joe Arpaio is doing something.  Obama’s administration is doing nothing … except perhaps selling guns to the Mexican Mafia (see “Operation Fast and Furious”)!   Is Perry’s solution perfect… of course not.  What solution ever is?

Do we need to stop the flood of illegal immigrants across our borders?  Of course we do!  Can we “pack up” all the illegals we currently have and ship them back?  Probably not.  Should there be some sort of  path toward citizenship for them?  Maybe so!  But not in front of, or at the expense of, those trying to immigrate legally!   Do we need to look at existing immigration laws and discuss possible streamlining, simplifying, or other changes? Probably so!

I think the discussion of the immigration issue and how to address  related concerns needs to open and frank; with all relevent points considered!  Not all would agree it seems!

An article on The Blaze reports that on Tuesday, the San Antonio Tea Party was part of a panel discussion supported by a local public radio station: 89.1 KSTX.   The topic of discussion was the DREAM Act and the problem of illegal immigration. 

Jonathon Bryant, a Government Studies teacher from John F. Kennedy High School attended the event along with some of his students (who, according to Bryant, may be illegals).  Mr. Bryant asked a question of the panel about students that were illegal aliens and what should be done with them.  After the president of the group affirmed his support for the laws governing illegal aliens in the schools, Mr. Bryant just couldn’t contain himself. He decided to levy the “Nazi” charge. 

So this is what are teachers are teaching in our schools.  Anyone with a view opposing the progressive-liberal agenda or supporting the laws of our nation is a “nazi.”   Just another example of the intolerance of “progressive-liberal tolerance.”

Dogs Stimulate Key Job Growth For Obama’s Economy

President Barack Obama confers with Federal Re...

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While the former governor of New Mexico, Gary Johnson, still has little chance to be the Republican nominee, his zinger, “my neighbor’s two dogs have created more shovel-ready projects than this president” stole the show at last night’s debate. 

Both Perry and Romney did well in general.  I wish Romney would stand up and be honest about the “RomneyCare” issue.  He needs to admit it was a mistake, own it, and discuss lessons learned from it.  Until he can do that, I just cannot get behind him as the republican candidate for president in 2012.  Perry still needs to work on not ”fading out” in the second half of these debates.  He needs to maintain sharpness and focus, and show he will not “fade out” on the job if elected president. 

On a different subject … Obama’s administration is going to attempt to “destroy” our economy even more … if that is possible.  Bernanke and company want to double down on another “failed” economic policy (a blast from the past) they are now calling  ”Operation Twist,”  or what some are now calling “QE3.” 

Apparently, Bernanke’s grand idea is to go back into the past, pick out some stupid idea that didn’t work then, give it some shiny new packaging, and watch everyone ”ooh and ah” at the his brilliance.  However, this is a dangerous gambit at best.  Most experts say it will do no good … and, hopefully will do no harm.  But in fact, it will probably make things worse.  Basically, the “Operation Twist” involves selling short-term bonds and then buying long-term bonds in hopes of artificially reducing long-term interest rates.  If successful, this policy (or so we are told) will incentivize more borrowing and stimulate growth.

How well did it work in the 1960s when it was last used?  At that time, the Fed was attempting to flatten out yield curves by raising short-term rates and dropping long-term rates.  From 1961 to 1965, long-term rates didn’t change while short-term rates consistently rose.  The plan failed because it was too small of an initiative and this type of artificial market manipulation is never truly effective.

Bernanke’s version of “Operation Twist” is doomed to fail as well. There are two reasons recession is just around the corner.  The first is that banks aren’t lending. They took their bailout money and are hoarding it. It doesn’t matter if interest rates are zero. If banks won’t loan money to consumers, no amount of stimulus funds will change things.

The second reason is that consumer sentiment remains in the gutter.  These measures could only be (at least artificially effective for the short-term)  if consumers believe that this economic downturn is temporary.  Any new-found  money consumers can get their hands on will go to pay down debt or put into savings. People won’t be going to the mall on shopping sprees.

This Wall Street Journal editorial covers the key points very well.

The Fed announced that through June 2012 it will buy $400 billion in Treasury bonds at the long end of the market—with six- to 30-year maturities—and sell an equal amount of securities of three years’ duration or less. The point, said the FOMC statement, is to put further “downward pressure on longer-term interest rates and help make broader financial conditions more accommodative.” It’s hard to see how this will make much difference to economic growth. Long rates are already at historic lows, and even a move of 10 or 20 basis points isn’t likely to affect many investment decisions at the margin. The Fed isn’t acting in a vacuum, and any move in bond prices could well be swamped by other economic news. Europe’s woes are accelerating, and every CEO in America these days is worried more about what the National Labor Relations Board is doing to Boeing than he is about the 30-year bond rate. The Fed will also reinvest the principal payments it receives on its asset holdings into mortgage-backed securities, rather than in U.S. Treasurys. The goal here is to further reduce mortgage costs and thus help the housing market. But home borrowing costs are also at historic lows, and the housing market suffers far more from the foreclosure overhang and uncertainty encouraged by government policy than it does from the price of money. The Fed’s announcement thus had the feel of an attempt to show it is doing something to help the economy, even if it can’t do much. …the economy’s problems aren’t rooted in the supply and price of money. They result from the damage done to business confidence and investment by fiscal and regulatory policy, and that’s where the solutions must come. Investors on Wall Street and politicians in Washington want to believe that the Fed can make up for years of policy mistakes. The sooner they realize it can’t, the sooner they’ll have no choice but to correct the mistakes.

Some “experts”  are explicitly arguing in favor of more “quantitative easing” because they want some inflation. They argue that “moderate” inflation will help the economy by indirectly wiping out some existing debt.  Letting the “inflation genie” our of the bottle can be very dangerous, however.

As one New York Times editorial (I am shocked … even the Times can get it right once in a while) explains:

…we are beginning to hear murmurings about the possible invigorating effects of “just a little inflation.” Perhaps 4 or 5 percent a year would be just the thing to deal with the overhang of debt and encourage the “animal spirits” of business, or so the argument goes. The siren song is both alluring and predictable. …After all, if 1 or 2 percent inflation is O.K. and has not raised inflationary expectations — as the Fed and most central banks believe — why not 3 or 4 or even more? …all of our economic history says it won’t work that way. I thought we learned that lesson in the 1970s. That’s when the word stagflation was invented to describe a truly ugly combination of rising inflation and stunted growth. …What we know, or should know, from the past is that once inflation becomes anticipated and ingrained — as it eventually would — then the stimulating effects are lost. Once an independent central bank does not simply tolerate a low level of inflation as consistent with “stability,” but invokes inflation as a policy, it becomes very difficult to eliminate. …At a time when foreign countries own trillions of our dollars, when we are dependent on borrowing still more abroad, and when the whole world counts on the dollar’s maintaining its purchasing power, taking on the risks of deliberately promoting inflation would be simply irresponsible.

However, lunacy does still lingers at the Times.  Another New York Time editorial states:

The weak economy calls for urgent action. The most effective answer is more robust stimulus — bigger payroll tax breaks, more infrastructure investment, bigger transfers to states and cash-strapped families — and more help for debt-choked homeowners. The only things standing in the way are Republicans with narrow political aims.

No wonder I have given up on reading the New York Times.  Is this editorial for real?  What … do we borrow another couple of trillion dollars from China to do this?  Why … because the last stimulus package worked so well?  What the Republicans are finally gaining the “cojones” to stand in the way of is out-of-control government spending, insane borrowing practices, skyrocketing debt, and the progressive-liberals penchant for continually trying the same old failed policies, but  on an even  grander scale … which will only lead to even “grander” disastrous results.

How About ZEG (Zero Economic Growth), Instead Of GNP?

BARACK OBAMA SHOWS HIS TRUE SELF MORE EACH AND...

Image by SS&SS via Flickr

Sometimes I almost feel sorry for Barack Obama.  Almost!  But then I remember his lies, his radical anti-American political beliefs, and his arrogance … and I wake up.  Obama, because of his radical left-wing, ideologically driven belief system …  truly came to believe he was the “Anointed One;” destined to transform America into a Soros-envisioned model of a global-elitist led utopia .  Fortunately, at least for true conservative, patriotic Americans, Obama truly is in way over his head and really does not have a clue about what he is doing. 

Some of us thinking Americans, who actually did a little pre-2008 election candidate research into Obama’s true history and experience… and did not just swallow the drive-by media’s gushingly, pro-Obama campaign efforts hook, line and sinker, are not surprised.  I still remember waking up the morning after Obama’s election in a state of shock over American voter gullibility and the level to which progressive-liberals will sink to achieve their nefarious political goals.

Think about the facts about Obama’s education, work history, his chosen mentors, and associates:

  • Obama served two years in the U.S. Senate where he simply voted “present” on most legislation being considered by the senate. He was essentially a junior senator with no real federal government experience when he began campaigning for president.
  • Before being elected to the Senate, Obama lost a run for the U.S. House of Representatives and served seven years part-time in the Illinois state Senate. Chicago is famous for its corrupt, back-room deal, politics and being the home of many left-wing political leaders.
  • He made one stirring keynote address at the Democratic National Convention and wrote two autobiographical books, which if you actually read, gave a clear picture of his radical thought processes and anti-American beliefs.
  • Obama held a low-paying job as a community organizer which I think he was probably very good at. However, though well-suited for someone with radical, left-wing beliefs, it was not exactly a high-stress, decision-under-pressure, economically and politically astute decisions that affect the world kind of job.
  • He did worked 11-years as a civil rights attorney with a left-wing leaning law firm. He must have felt out-of-place there, because, civil rights are essentially a list of things the government is NOT ALLOWED TO DO, and Obama wants our government to do everything.
  • Contrary to his claims on the campaign trail, Obama was not a law professor. He was a senior lecturer at the University of Chicago. While a senior lecturer is certainly an esteemed position and due its respect, he was not a tenured professor.
  • He did manage to get caught up in a real estate scandal with a well-known Illinois political “fixer” Antoin “Tony” Rezko who is under active federal investigation.  I guess that counts.

Not a real impressive resume for being president.  Obama did have charisma  … so people liked him and began to talk about him.  He was very smooth; and good at testing the wind and saying what people wanted to hear.  He was even smooth enough that many people ignored his radical views and associations.  But is it really any surprise his policies do not work … look at who he admired and looked to for guidance.  Here are just a few:

  • Saul Alinski: Alinski, considered the father of modern community organization, was a communist organizer and author from Chicago. While Obama plays down Alinski’s  ”influence” on his political views and tactics; Saul Alinski’s son, L. David Alinski, says Obama certainly learned his lessons well.  Actions really do speak louder than words, and despite what Obama says in public, many of the political strategies he uses come right out of Saul Alinski’s book, Rules for Radicals.
  • Cass Sunstein: One of Obama’s closest confidants and the head of the Office of Information and Regulatory Affairs, Sunstein is an animal rights activist/social engineer who wants to set up legal “rights” for livestock, wildlife, and pets enabling them to file lawsuits in American courts.  Sunstein is also a strong opponent of freedom of speech and in a paper he co-wrote in 2008 proposed, “that the U.S. Government employs teams of covert agents and pseudo-”independent” advocates to “cognitively infiltrate” online groups and websites , as well as other activist groups, which advocate views that Sunstein deems “false conspiracy theories” about the Government. 
  • Samantha Power:  Power, a member of Obama’s National Security Council, is an ideologue who believes America should subordinate its sovereignty to that of the incompetent, anti-American, anti-Israel, marxist-inspired, world-government-loving United Nations.
  • John Holden: Obama’s science advisor, Holden is another close confident with rather extreme views like instituting compulsory birth control, creating an armed  international organization to enforce order worldwide, and instituting a “planetary regime” to “control the development, administration, conservation, and distribution of natural resources” in addition to “regulating all international trade.”  Then there is Ecoscience, which calls for severe limitations on economic growth (hmmm … kind of like Obama’s economic policies!).  According to Ecoscience proponents, “It is by now abundantly clear that the GNP cannot grow forever.  Why should it?  Why should we not strive for zero economic growth (ZEG) as well as zero population growth.”

Chicago Tribune Tells Obama: Do Not Run!

President Barack Obama is seen speaking with U...

Image via Wikipedia

I rarely find myself agreeing with left-wing democrats, but sometimes the opportunity presents itself … even if idea is approached from different perspectives.  The “Anointed One” received a message on Monday from Steve Chapman, a veteran columnist for the Chicago Tribune, in an OP/ED piece saying, “please don’t run for re-election.”

And … this is the same Chicago hometown newspaper that endorsed Obama when he descended from on high to bring us all “hope and change”  in 2008.  Can you say … “oops!?”

Now, I understand that Steve Chapman wants Hillary to run! It is the progressive-liberal’s (i.e. communists who have bought out the democratic party) only chance to keep power.  Chapman wrote, “Her husband presided over a boom, she’s been busy deposing dictators instead of destroying jobs, and she’s never been accused of being a pushover.” 

Well, some of that is sort of true I guess . Bill Clinton did preside over a booming economy …  created for him by President Reagan‘s policies.   But, I am not sure which dictators Hillary actually deposed.  that would be a lot for a Secretary of State to pull off.  Anyway, Obama single-handedly took out Osama Bin Laden and Muammar Gaddafi … just ask him … he’ll tell you.

I guess there is no chance of getting Steve Chapman to support Michele Bachmann, Herman Cain, or Rick Perry!  Too bad … that is more like what this country needs now!

I do wish that Obama would gracefully bow out and not run for re-election.  Or … he could just quit.  Personally, I think he should be impeached for treason; because I believe he has actively worked toward the destruction of this country so he could re-create it in his  version of an Obama lead “benevolent” dictatorship.  It is the only thing that makes sense when you really look at the steps he has taken:

  • Increased government intrusion into private sector.
  • Created his “Czarist” shadow government.
  • Imposed Obamacare on Americans even though the greatest majority of Americans opposed it.
  • Tried to impose “Cap and Tax” by imperial decree.
  • Instituted several “eSnitch” programs encouraging citizens to spy on each other for him.
  • Tax the private sector into submission.
  • Created massive new governmental regulation by “executive order” costing Americans billions annually.
  • Destroyed American jobs while supporting job growth in Brazil and Canada.
  • Consistently ignored the U.S. Constitution and actively supported suppressing individual rights.
  • Appointed administrative officials that are totally unqualified for their jobs based on their left-wing ideology.
  • Apologized to the “radical” world for America’s greatness.

He has done way more than enough damage to our country’s economy, destroyed the job market, irresponsibly increased the national debt, destroyed our country’s morale, and lowered our international standing. Obama does not believe America is exceptional.  He does not believe in private property.  He does not believe in limited-government. He does not believe in individual rights.  He is, perhaps, American by accident of birth; but he is not American in his heart!

In no way should this be construed as an endorsement for Hillary Clinton.  Talk about a lessor of two evils!!  She would do only slightly less damage than that which Obama has wrought on our great nation.  But then, even Dick Cheney said Hillary would, at least, be better than Obama!

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