George Bush, Jr., as he left office, bailed out Wall Street (the banks) to 'save the world economy' and because the banks were 'too big to fail'. He spent about $300 billion and handed off another $400 billion or so to Obama to finish the job. They called it TARP.
Obama not only continued the bank bailout but added the auto companies to the list and heaped money on GM and Chrysler (Ford refused). Interesting that Obama forced money on some of the banks that didn't want, nor need, bail out assistance. Strange, huh? Not really, read on.
So what was it that made these businesses TOO BIG TO FAIL? Let's take the banks first. The federal government muscled banks to make questionable loans to a large set of the populace that could not afford to own homes (called sub-prime mortgages). They claimed to back these banks by having Freddie Mac and Fannie Mae support these loans with tax payer money. George Bush, Sr. signed legislation that stated that Fannie and Freddie have an affirmative obligation to facilitate the financing of affordable housing for low-income and moderate-income families. They set a target of 30% for loans to this segment. In 1999, Fannie and Freddie came under pressure from the Clinton administration to expand mortgage loans to low and moderate income borrowers by increasing the ratios of their loan portfolios in distressed inner city areas. They drove the percentage to over 55%. (this also served the Clinton economy).
These actions supported the Liberal cause by making loans to moochers who vote Democratic (and favored racial groups) while hyping the economy (we call it a bubble). When the government creates a partnership with selected large corporations to further their mutual causes it is called CRONY CAPITALISM. Also in most, if not all cases, it results in disaster because it interferes with natural FREE MARKET FUNDAMENTALS.
So when the 'stuff' hits the fan (in this case the sub-prime homeowners can't make their payments and the price of their homes fall below the their mortgage balance) the government starts scrambling because their SCAM IS TOO BIG TO FAIL and the politicians need to cover up the facts of their actions that caused the problems. So they buy off their cronies with bail outs. The last thing they want is for the banks to tell how they were forced, and enticed, into violating their own regulations and business practices at their government partner's urgings. So politicians bail out their cronies with taxpayer money and government debt to keep them quite and to get their continued co-operation (not to mention big contributions to their campaign funds). It is a typical government cover up.
And why bail out the auto companies? Look at the two major factors that have made the American auto companies fail. The first was labor laws and government practices that backed the labor unions with excessive wage rates, lucrative health care plans, and ridiculous retirement plans. If that isn't enough to keep you from competing in a world market add severe regulations on top of the labor costs. Regulations that dictate what kind of products the auto companies must make to meet fleet emission standards and mileage regulations supporting the government's global warming scam. The government then makes it difficult for the auto companies to build plants in labor markets where they would be competitive. Again when the stuff hits the fan and the auto companies approach bankruptcy, the government must bail them out. It just would not serve the politicians interests for the auto companies to, first, tell the public why they failed. And next, for the companies to take the actions necessary to get rid of union contracts and to demand less regulation. As it is, the government and their crony auto executives are just kicking the can down the road. The auto companies will fail again unless they throw off union and government control. American companies have no chance in competing against free market competitors with lower costs and the freedom to build autos that world buyers desire.
Interesting that even though Ford didn't take bail out money, they are on the record supporting the bail out program. Are you kidding me? Obviously they have been threatened to not criticize the 'hush money bail out'. The rumor is they were recently encouraged to take down an ad bragging about not taking bail out money. The Obamas were quick to announce that Ford had approved of the bail out even though they didn't participate.
What are the lessons learned? Moderate Republicans, the Bushs, will pass legislation working with the Libs that seems reasonable at the time. The Dems (Clinton, Obama, etc.) will then dramatically alter the implementation to buy votes and ultimately do considerable damage to the economy. Example: George, Jr. hands Obama $400 billion in TARP. Obama immediately adds another trillion in stimulus. George, Sr. passes sub-prime legislation, and Clinton drives a truck through the opening he was given.
Think about it and vote the bums out before they destroy other industries and bankrupt the nation. Also, beware of Moderate Republicans. If it wasn't for George, Jr. there would not be an Obama in the White House. If it wasn't for George, Sr. there would not have been a Bill Clinton.
Jim
Wednesday, October 5, 2011
Monday, October 3, 2011
William Jefferson Clinton: A Business Genius or Scammer?
As promised in the last blog posting Scott Riddle (local cattleman, insurance tycoon, Texas Holdem expert, occasional investor in anything of interest, and nephew of Hall of Fame Baseball Player, Tris Speaker) was asked to discuss the Clinton Boom Years of the 90's. His remarks follow.
"Many folks rewrite history by giving Bill Clinton sole credit for a robust economy, creating jobs, and generating a federal government surplus (by raising tax rates). Clinton's economic metrics were benefited considerably by what is called a 'bubble' in the Internet sector of the economy. What was the Internet Bubble? It was an orchestrated assault on America's investors by Wall Street investment bankers, venture capitalists, and the Clinton administration led by one, Robert Ruben (Clinton's Secretary of the Treasury and former CEO of Goldman Sachs, but of course). This collusion literally flooded the IPO (Initial Public Offering) stock market with high tech Internet start up stock offerings. Most of these companies were heavily funded by venture capital firms, many of which were also funded by the venture investor organizations of the investment bankers who would 'take these companies public'."
"Most of the IPOs (Initial Public Offerings) went public at huge valuations and most of the companies were operating at huge losses at the time of the public offerings. In this crazy Internet world all former rules based on revenues and profits were thrown out in this race to Internet 'gold'. Those hyping these companies convinced investors that profits weren't important. A term called 'eyeballs' replaced profits. The companies spend huge sums of money enticing visitors to their web sites while convincing public investors that this would convert to revenues and profits sometime in the future (sounds a lot like GREEN INVESTMENTS DOESN'T IT). The end result was the company employees, the venture capitalists, and Wall Street investment banking companies all made out handsomely, and the Clinton economy produced jobs and wealth for those who were lucky enough to 'cash in' before the BUBBLE POPPED. And when did it pop? In Clinton's last year of office (of course) dumping the country in a recession at the expense of the nation, and particularly at the expense of the shareholders who thought they had made investments in real companies with long term futures. Very few companies lived up to this expectation. Companies that did not make the IPO window shut down losing the investor's money and the jobs of many employees. The High Tech Industry has still not recovered."
"Another big loser of the Clinton Bubble was the whole concept of Initial Public Offerings. This method of rewarding successful high tech start up companies with liquidity and growth capital had been largely responsible for this countries' world leadership in innovation, technology, and worker productivity. Clinton's outlaws basically KILLED INITIAL PUBLIC OFFERINGS! This may be the greatest cost of Clinton and his cronies GREED."
"So what did Wall Street move to after the Clinton Internet Bubble? They colluded with Washington (Chris Dodd, Barney Frank, Black Caucus, Fannie, and Freddie) to create a huge REAL ESTATE BUBBLE. Using the government and taxpayers to bail out their bad loans they packaged things called 'instruments' and played a game passing off the hot potato (they called these sub-prime loans) hoping they weren't the last to be holding these instruments when the bubble popped. With the un-able (Dennis Miller calls a race between Obama and Cain a race between Cain and Un-able) assistance of Obomb-us we are still suffering from this criminal act."
"While Bush didn't stop the Real Estate Bubble, he did get the economy moving again after inheriting the Clinton recession by eliminating Clinton's tax increases and not doing the insane government interference of the Obama crowd. Bush, however, did allow his obsession with the nation's security to blind him into allowing the Democratic Congress to overspend. Bush's weakness in reigning in Democrats lost his conservative base and enabled the election of Obama in my opinion. His approval ratings as he left office was in the thirties because he lost conservatives."
"And what Bubble would the Libs like to replace the real estate mess with? THE GREEN REVOLUTION, of course. If they can sell the world on 'man caused global warming', they can use government regulations to create an artificial market for all types of GREEN SCAMS. They can through regulations force consumers and companies to buy and use any products they choose whether it is window shades, solar panels, roofing materials, electric cars, or public transportation to name just a few. This could be the biggest scam of all if they can pull it off."
"Lastly, if of course when you get under the covers of the surplus during the Clinton years, he had no choice. The Clinton policies created an environment begging for the Gingrich Revolution. Newt and the Republicans forced Clinton to move to the right and balance the federal budget, thus creating a surplus."
Mom had a question, "Scott, how do you know so much about this Internet Bubble?"
Good question, Maxine, "I actually invested in some of these Internet start up companies, and one in particular in Austin, Texas."
"Right, Scott. I think I know that company. The IPO window closed real tight right before they planned to go public, thank goodness! A failed start up company is one thing, a failed public company is much worse; I am told by a close member of my immediate family."
Lots to think about as Americans determine whether Hillary would be any better than Obama,
Jim
"Many folks rewrite history by giving Bill Clinton sole credit for a robust economy, creating jobs, and generating a federal government surplus (by raising tax rates). Clinton's economic metrics were benefited considerably by what is called a 'bubble' in the Internet sector of the economy. What was the Internet Bubble? It was an orchestrated assault on America's investors by Wall Street investment bankers, venture capitalists, and the Clinton administration led by one, Robert Ruben (Clinton's Secretary of the Treasury and former CEO of Goldman Sachs, but of course). This collusion literally flooded the IPO (Initial Public Offering) stock market with high tech Internet start up stock offerings. Most of these companies were heavily funded by venture capital firms, many of which were also funded by the venture investor organizations of the investment bankers who would 'take these companies public'."
"Most of the IPOs (Initial Public Offerings) went public at huge valuations and most of the companies were operating at huge losses at the time of the public offerings. In this crazy Internet world all former rules based on revenues and profits were thrown out in this race to Internet 'gold'. Those hyping these companies convinced investors that profits weren't important. A term called 'eyeballs' replaced profits. The companies spend huge sums of money enticing visitors to their web sites while convincing public investors that this would convert to revenues and profits sometime in the future (sounds a lot like GREEN INVESTMENTS DOESN'T IT). The end result was the company employees, the venture capitalists, and Wall Street investment banking companies all made out handsomely, and the Clinton economy produced jobs and wealth for those who were lucky enough to 'cash in' before the BUBBLE POPPED. And when did it pop? In Clinton's last year of office (of course) dumping the country in a recession at the expense of the nation, and particularly at the expense of the shareholders who thought they had made investments in real companies with long term futures. Very few companies lived up to this expectation. Companies that did not make the IPO window shut down losing the investor's money and the jobs of many employees. The High Tech Industry has still not recovered."
"Another big loser of the Clinton Bubble was the whole concept of Initial Public Offerings. This method of rewarding successful high tech start up companies with liquidity and growth capital had been largely responsible for this countries' world leadership in innovation, technology, and worker productivity. Clinton's outlaws basically KILLED INITIAL PUBLIC OFFERINGS! This may be the greatest cost of Clinton and his cronies GREED."
"So what did Wall Street move to after the Clinton Internet Bubble? They colluded with Washington (Chris Dodd, Barney Frank, Black Caucus, Fannie, and Freddie) to create a huge REAL ESTATE BUBBLE. Using the government and taxpayers to bail out their bad loans they packaged things called 'instruments' and played a game passing off the hot potato (they called these sub-prime loans) hoping they weren't the last to be holding these instruments when the bubble popped. With the un-able (Dennis Miller calls a race between Obama and Cain a race between Cain and Un-able) assistance of Obomb-us we are still suffering from this criminal act."
"While Bush didn't stop the Real Estate Bubble, he did get the economy moving again after inheriting the Clinton recession by eliminating Clinton's tax increases and not doing the insane government interference of the Obama crowd. Bush, however, did allow his obsession with the nation's security to blind him into allowing the Democratic Congress to overspend. Bush's weakness in reigning in Democrats lost his conservative base and enabled the election of Obama in my opinion. His approval ratings as he left office was in the thirties because he lost conservatives."
"And what Bubble would the Libs like to replace the real estate mess with? THE GREEN REVOLUTION, of course. If they can sell the world on 'man caused global warming', they can use government regulations to create an artificial market for all types of GREEN SCAMS. They can through regulations force consumers and companies to buy and use any products they choose whether it is window shades, solar panels, roofing materials, electric cars, or public transportation to name just a few. This could be the biggest scam of all if they can pull it off."
"Lastly, if of course when you get under the covers of the surplus during the Clinton years, he had no choice. The Clinton policies created an environment begging for the Gingrich Revolution. Newt and the Republicans forced Clinton to move to the right and balance the federal budget, thus creating a surplus."
Mom had a question, "Scott, how do you know so much about this Internet Bubble?"
Good question, Maxine, "I actually invested in some of these Internet start up companies, and one in particular in Austin, Texas."
"Right, Scott. I think I know that company. The IPO window closed real tight right before they planned to go public, thank goodness! A failed start up company is one thing, a failed public company is much worse; I am told by a close member of my immediate family."
Lots to think about as Americans determine whether Hillary would be any better than Obama,
Jim
Thursday, September 29, 2011
Warning All Idiots: The Clintons Are Coming To Your Rescue
"Bill, the Bubble King, launched the Clinton's next idiot pitch with their goal clearly set to move their demented sex acts back into the White House. The scheme is an old one for the Clintons. It is to trap their Liberal opponents in deep left field and their Conservative opponents in deep right field while they give the false impression of planting themselves prudently right in the middle. Perfect timing here in 2011 as Obomb-us goes crazy trying to please his Communist base and the Republican candidates try to please their Tea Party supporters," obviously Butch has done some real deep thinking to believe he can match swords with James Carville, Paul Begala, and the other sleazes that surround the Clintons.
Billy Roy Mitcham (who is the featured performer at the Hubbard City High School Homecoming in a couple of weeks) entered this one pretty early since he really doesn't take to the Clinton crowd having a real tender heart in believing that young interns should date other young interns instead of playing adult games with dirty sleazy old men in the Oval Office of all places, "You must be talking about Bill's idiot pitch of all idiot pitches when he said last week that it was not a good time to raise taxes, even on the rich, nor was it a good time to cut government spending. Right down the middle in assuring everyone that we should just stop our fighting, wait it out, and everything will turn out just fine. What complete idiot wouldn't like to hear that? Like most idiot pitches it sounds great, but like most Clintonian statements it is just not true. This is coming from the lips of the greatest liar of all time. Don't want to step on your analysis, Butch, tell em why?"
"Gothcha covered BM. Let's look at it this way. Not a good time to cut spending, huh? America's ever-growing debt crisis is in the trillions -- more than $14 trillion, give or take a few billion and we are adding a mere $1.7 trillion or so every year Obama 'stays' in the White House. That's a lot of zeros, numbers so large they're sure to make Americans numb when trying to get their arms around what it means to them. But what would the federal debt crisis look like if you set it up as a household budget?
"A heck of a lot simpler, according to new figures from the Tea Party group, which estimates the government 'household' spends nearly twice as much as it takes in every year, has a credit card bill nearly seven times annual income and cuts back less than 2 percent of that spending in an effort to control the debt."
"The group looked at some key figures, mainly tax revenue, the current federal budget, debt and budget cuts, and divided each figure by $100 million, in an effort to break it down into simple terms that most Americans can comprehend. The group posted its findings online and came up with a household with an average family income of $21,700. But that 'family' spent nearly twice that -- $38,200 -- and has an existing credit card balance of a whopping $142,710. And if you look at the big spending cuts that they almost shut down the government arguing over, the family budget will be reduced by $385 (and they probably will find ways to not even make these cuts," Butch pretty much laid it out.
BM came back, "And here comes Big Bad Bill riding in on Hillary's back saving us all by saying 'it is just not a good time to cut back on our spending! So we add another measly $17 thousand to our credit card, we are still under $160 thousand. Hell maybe another Internet Bubble will come along and save us if we are just patient.' See why we call it an idiot pitch? Everybody knows Bill, and more so Hillary, are just as Liberal as Obomb-us and even more dangerous. Hillary was a Socialist long before Obomb-us. Her positions on social issues would further destroy families (definition of family, gay rights, government sponsored killing of the unborn, etc.) are as radical as the current Communists, and she would be more effective in implementing them. And of course the Clinton's would double down big time on Algore's Man Caused Global Warming Scam as a source of income on the side. Bill could make jillions with Hillary in the White House."
Mom had a question, "But wouldn't Bill get the economy going? I keep hearing that he was a genius in creating jobs, and he did balance our budget, and in fact, created a surplus."
BM loves Mom and her questions even more, "Great question, Maxine, but I've got some guitar tuning to do and Butch has his daily call with the Tea Party in ten minutes so let's hold the Clinton business record for our next java session. In fact, we need to get Scott Riddle, cattle baron/insurance tycoon/and gambler of major league renown, in on that discussion. I understand he got a real good taste of the Clinton economy."
This will give us something to think about, huh?
Jim
Billy Roy Mitcham (who is the featured performer at the Hubbard City High School Homecoming in a couple of weeks) entered this one pretty early since he really doesn't take to the Clinton crowd having a real tender heart in believing that young interns should date other young interns instead of playing adult games with dirty sleazy old men in the Oval Office of all places, "You must be talking about Bill's idiot pitch of all idiot pitches when he said last week that it was not a good time to raise taxes, even on the rich, nor was it a good time to cut government spending. Right down the middle in assuring everyone that we should just stop our fighting, wait it out, and everything will turn out just fine. What complete idiot wouldn't like to hear that? Like most idiot pitches it sounds great, but like most Clintonian statements it is just not true. This is coming from the lips of the greatest liar of all time. Don't want to step on your analysis, Butch, tell em why?"
"Gothcha covered BM. Let's look at it this way. Not a good time to cut spending, huh? America's ever-growing debt crisis is in the trillions -- more than $14 trillion, give or take a few billion and we are adding a mere $1.7 trillion or so every year Obama 'stays' in the White House. That's a lot of zeros, numbers so large they're sure to make Americans numb when trying to get their arms around what it means to them. But what would the federal debt crisis look like if you set it up as a household budget?
"A heck of a lot simpler, according to new figures from the Tea Party group, which estimates the government 'household' spends nearly twice as much as it takes in every year, has a credit card bill nearly seven times annual income and cuts back less than 2 percent of that spending in an effort to control the debt."
"The group looked at some key figures, mainly tax revenue, the current federal budget, debt and budget cuts, and divided each figure by $100 million, in an effort to break it down into simple terms that most Americans can comprehend. The group posted its findings online and came up with a household with an average family income of $21,700. But that 'family' spent nearly twice that -- $38,200 -- and has an existing credit card balance of a whopping $142,710. And if you look at the big spending cuts that they almost shut down the government arguing over, the family budget will be reduced by $385 (and they probably will find ways to not even make these cuts," Butch pretty much laid it out.
BM came back, "And here comes Big Bad Bill riding in on Hillary's back saving us all by saying 'it is just not a good time to cut back on our spending! So we add another measly $17 thousand to our credit card, we are still under $160 thousand. Hell maybe another Internet Bubble will come along and save us if we are just patient.' See why we call it an idiot pitch? Everybody knows Bill, and more so Hillary, are just as Liberal as Obomb-us and even more dangerous. Hillary was a Socialist long before Obomb-us. Her positions on social issues would further destroy families (definition of family, gay rights, government sponsored killing of the unborn, etc.) are as radical as the current Communists, and she would be more effective in implementing them. And of course the Clinton's would double down big time on Algore's Man Caused Global Warming Scam as a source of income on the side. Bill could make jillions with Hillary in the White House."
Mom had a question, "But wouldn't Bill get the economy going? I keep hearing that he was a genius in creating jobs, and he did balance our budget, and in fact, created a surplus."
BM loves Mom and her questions even more, "Great question, Maxine, but I've got some guitar tuning to do and Butch has his daily call with the Tea Party in ten minutes so let's hold the Clinton business record for our next java session. In fact, we need to get Scott Riddle, cattle baron/insurance tycoon/and gambler of major league renown, in on that discussion. I understand he got a real good taste of the Clinton economy."
This will give us something to think about, huh?
Jim
Monday, September 26, 2011
Moochers March For Their Slice Of Obama Pie
We know there is a love affair between Obama and moochers based on mutual interest. What we don’t know is how many moochers Obama can create between now and November of 2012.
Never has Obama been more fired up than he was this past weekend when he spoke to the Black Caucus. He called for blacks to "get out of their house slippers and to put on their marching boots". Obama's rhetoric was a response to black leaders (Maxine Waters and Sheila Jackson Lee) calling for Obama to give more handouts to their “community”. Instead of demanding Obama programs for growing the economy and putting people to work, they were asking, "You bailed out banks, wall street, and auto companies. Where is our bailout?"
This same weekend protesters continued to descend on Wall Street and occupy parts of it showing their rage over a financial system that they say favors the rich and powerful at the expense of ordinary citizens. Micah Chamberlain, 23, a line cook from Columbus, Ohio, who had hitchhiked to New York, said “There are millions of people in his country without jobs and 1 percent of the people have 99 percent of the money.” Looks like the strategy is to march until Obama gives everyone their fair share (1% of the people should have 1% of the money).
And Obama's people are just getting warmed up. It is clear to the most casual observer that the current President of the United States believes that our country has seen its best days. He feels strongly that we have peaked as an economic and political leader of the world. From this point forward he believes we must lower our standards for economic growth (or lack thereof), lower our standards for leadership in the world (or lack thereof), and lower our standards for employment and self sufficiency (or lack thereof), and lower our standards of liberty and freedom from government interference in our citizens lives.
How do we know this? Look at his proposals. It is evident that Obama has given up on creating jobs and growing our economy (actually he never intended to do so). The Obama jobs plan has little if anything to do with jobs. It pays people for not working. In Obama's plan the American people get permanent tax hikes that would enlarge the federal government to offset the cost of temporary jobs policies that would not create any jobs. The tax hikes in this plan are clearly more likely to destroy more jobs than the jobs policies would ever create.
So what is the Obama plan as he accepts, and in fact, accelerates the shrinking American way of life? He wants to take the shrinking pie and divide it more fairly. He defines fair as taking money from non-Obama voters and giving it to Obama voters. He would rather his people have a larger share of a smaller pie than to grow the pie that would provide more for all constituents. It is easier to REDISTRIBUTE when the ship is sinking then when times are good. All SOCIALIST leaders throughout history have known this.
How does Obama plan to accomplish this REDISTRIBUTION?
First Obama can pass REGULATIONS without having to deal with a pesky Congress. During President Obama's first 26 months in office, his Administration imposed 75 new major regulations, with reported costs to the private sector exceeding $40 billion. The annual cost of regulation--$1.75 trillion by one frequently cited estimate--represents twice the amount of individual income taxes collected last year.
Regulations are complex and boring to the American public making them a great way to punish your enemies and reward your voters.
Next comes the Obama takeover of 1/6 of the American economy. Obamacare is a perfect ploy to transfer money from doctors, nurses, insurance companies, and the American taxpayer to the Obama voter even if it does kill jobs and make those without jobs more dependent on government. Additionally Obamacare will destroy the quality of the health care system while increasing costs to the paying customer. Obama would rather give his voters free health care, even if it is inferior, then to force people to work and buy excellent health care at market prices.
Next comes BIG SPENDING, RUNAWAY DEFICITS, and TAX INCREASES.
President Obama's $787 billion stimulus was supposed to create jobs, but instead deficits mounted and economic growth is now stagnant. Who cares as long as you can transfer resources from the more productive private sector to the less productive government sector (Obama voters)? Who cares that government rarely receives good value for the dollars it spends as long as Obama can redistribute the nation’s wealth by providing tax dollars to favored constituencies. Obama’s new jobs plan? More of the same, but with huge tax increases on job creators.
Earlier this summer, businessman Steve Wynn said that the Obama Administration has been "the greatest wet blanket to business and progress and job creation in my lifetime." And when Investors Business Daily asked Home Depot co-founder Bernie Marcus, "What's the single biggest impediment to job growth today?" he replied, "The U.S. government." Business owners--those men and women who create jobs in America--know that the Obama Administration is the root cause of the stalled economy. However, Obama is way ahead of Wynn and Marcus. Obama has always known he was a job killer, and he doesn't care as long as he can take money from Marcus and Wynn and "redistribute it fairly to his moochers".
The American people are catching on to the first part of the puzzle. According to a new ABC News/Washington Post poll, 77 percent say the country is headed seriously off on the wrong track, and "Americans by a 2-1 margin, 34 percent to 17 percent, now say [the Obama] administration’s efforts have done more to harm rather than help the nation's economy." What the American people don't know yet is that Obama will intentionally slow the economy and create unemployment to accomplish his CLASS WARFARE GOALS OF REDISTRIBUTION.
In current polls Romney leads Obama by 2 points while Perry loses to Obama by 4 points. It looks like you can toss a coin as to whether Americans would like to return to a prosperous and growing nation or would rather stop the economic machine and take money from the achievers and give it "fairly" to the moochers.
Think about it,
Jim
Never has Obama been more fired up than he was this past weekend when he spoke to the Black Caucus. He called for blacks to "get out of their house slippers and to put on their marching boots". Obama's rhetoric was a response to black leaders (Maxine Waters and Sheila Jackson Lee) calling for Obama to give more handouts to their “community”. Instead of demanding Obama programs for growing the economy and putting people to work, they were asking, "You bailed out banks, wall street, and auto companies. Where is our bailout?"
This same weekend protesters continued to descend on Wall Street and occupy parts of it showing their rage over a financial system that they say favors the rich and powerful at the expense of ordinary citizens. Micah Chamberlain, 23, a line cook from Columbus, Ohio, who had hitchhiked to New York, said “There are millions of people in his country without jobs and 1 percent of the people have 99 percent of the money.” Looks like the strategy is to march until Obama gives everyone their fair share (1% of the people should have 1% of the money).
And Obama's people are just getting warmed up. It is clear to the most casual observer that the current President of the United States believes that our country has seen its best days. He feels strongly that we have peaked as an economic and political leader of the world. From this point forward he believes we must lower our standards for economic growth (or lack thereof), lower our standards for leadership in the world (or lack thereof), and lower our standards for employment and self sufficiency (or lack thereof), and lower our standards of liberty and freedom from government interference in our citizens lives.
How do we know this? Look at his proposals. It is evident that Obama has given up on creating jobs and growing our economy (actually he never intended to do so). The Obama jobs plan has little if anything to do with jobs. It pays people for not working. In Obama's plan the American people get permanent tax hikes that would enlarge the federal government to offset the cost of temporary jobs policies that would not create any jobs. The tax hikes in this plan are clearly more likely to destroy more jobs than the jobs policies would ever create.
So what is the Obama plan as he accepts, and in fact, accelerates the shrinking American way of life? He wants to take the shrinking pie and divide it more fairly. He defines fair as taking money from non-Obama voters and giving it to Obama voters. He would rather his people have a larger share of a smaller pie than to grow the pie that would provide more for all constituents. It is easier to REDISTRIBUTE when the ship is sinking then when times are good. All SOCIALIST leaders throughout history have known this.
How does Obama plan to accomplish this REDISTRIBUTION?
First Obama can pass REGULATIONS without having to deal with a pesky Congress. During President Obama's first 26 months in office, his Administration imposed 75 new major regulations, with reported costs to the private sector exceeding $40 billion. The annual cost of regulation--$1.75 trillion by one frequently cited estimate--represents twice the amount of individual income taxes collected last year.
Regulations are complex and boring to the American public making them a great way to punish your enemies and reward your voters.
Next comes the Obama takeover of 1/6 of the American economy. Obamacare is a perfect ploy to transfer money from doctors, nurses, insurance companies, and the American taxpayer to the Obama voter even if it does kill jobs and make those without jobs more dependent on government. Additionally Obamacare will destroy the quality of the health care system while increasing costs to the paying customer. Obama would rather give his voters free health care, even if it is inferior, then to force people to work and buy excellent health care at market prices.
Next comes BIG SPENDING, RUNAWAY DEFICITS, and TAX INCREASES.
President Obama's $787 billion stimulus was supposed to create jobs, but instead deficits mounted and economic growth is now stagnant. Who cares as long as you can transfer resources from the more productive private sector to the less productive government sector (Obama voters)? Who cares that government rarely receives good value for the dollars it spends as long as Obama can redistribute the nation’s wealth by providing tax dollars to favored constituencies. Obama’s new jobs plan? More of the same, but with huge tax increases on job creators.
Earlier this summer, businessman Steve Wynn said that the Obama Administration has been "the greatest wet blanket to business and progress and job creation in my lifetime." And when Investors Business Daily asked Home Depot co-founder Bernie Marcus, "What's the single biggest impediment to job growth today?" he replied, "The U.S. government." Business owners--those men and women who create jobs in America--know that the Obama Administration is the root cause of the stalled economy. However, Obama is way ahead of Wynn and Marcus. Obama has always known he was a job killer, and he doesn't care as long as he can take money from Marcus and Wynn and "redistribute it fairly to his moochers".
The American people are catching on to the first part of the puzzle. According to a new ABC News/Washington Post poll, 77 percent say the country is headed seriously off on the wrong track, and "Americans by a 2-1 margin, 34 percent to 17 percent, now say [the Obama] administration’s efforts have done more to harm rather than help the nation's economy." What the American people don't know yet is that Obama will intentionally slow the economy and create unemployment to accomplish his CLASS WARFARE GOALS OF REDISTRIBUTION.
In current polls Romney leads Obama by 2 points while Perry loses to Obama by 4 points. It looks like you can toss a coin as to whether Americans would like to return to a prosperous and growing nation or would rather stop the economic machine and take money from the achievers and give it "fairly" to the moochers.
Think about it,
Jim
Thursday, September 22, 2011
Scary: What Happens When A Clinical Narcissist Starts Coming Apart?
The Mayo Clinic provides this definition: Narcissistic personality disorder is a mental disorder in which people have an inflated sense of their own importance and a deep need for admiration. Those with narcissistic personality disorder believe that they're superior to others and have little regard for other people's feelings. But behind this mask of ultra-confidence lies a fragile self-esteem, vulnerable to the slightest criticism. Narcissism limits the patient's ability to function in other areas of their life, such as work or school (why can't we see Obama's college transcripts?)
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When our Narcissist and Chief was at the top he was all about hope, change, and bringing us all together (being a joiner not divider). Hope for a better and fairer tomorrow. Change by spreading the country's wealth around to those less fortunate. Bringing us together by simply putting a youthful, articulate, first black President of the greatest nation in the world in front of two teleprompters reading cool meaningless words about what I, I, I, and I will do. To many the narcissist made everyone feel better as a nation, and for some, rid us of our guilt for being successful (hello Buffett and Gates). Gosh, a great nation becoming even better. Put what appears to be a nice family with two darling daughters in behind the speaker's stand and now the emotional response is even stronger. Take his radical wife and give her a shovel to plant a garden, and even though she is big time Chicago activist attorney, she is just one of the folks who cares only about the nutrition of kids.
Almost three years later the HOPE has been replaced by a large majority of Americans feeling the narcissist is taking the country in the wrong direction toward socialism and bankrupcy. The CHANGE resulted in attacking the capitalistic system of liberty and free enterprise with choking regulations, government mandates, high taxes, crony-capitalism, corruption, insane governmental spending, total incompetence, and a massively demonic plan to redistribute wealth from non-Obama voters to Obama voters. And it is my bet that weeds have taken over the First Ladies' garden big time.
Bringing us together seems to be working if the "us" doesn't include honest business people, Christians, Jews, people who believe in the family unit, people who want to protect unborn children, people who want to treat all races as equals, non-union working folks, people in red states, districts that didn't vote for Obama in 2008, anti-socialists, libertarians, non-government working folks, small government advocates, believers in balanced budgets, people who believe in a strong national defense and want the military to be run by military people not gay rights groups, citizens who believe they live in the greatest nation in the world, and people who just don't believe the narcissistic President is the Messiah. Sum these folks up and you find a fairly big majority are just not being brought together with Barack Hussein Obama. And, even the narcissist, is beginning to understand that, even he the anointed one, may have a blemish or two.
This is really scary, not just for Americans, but for the world. What happens to a clinical narcissist, and leader of the free world, when he realizes he doesn't have magical powers and his poop really does stink??? My guess is really scary stuff happens.
Like what?
1. He has really tuned up his CLASS WARFARE to ingratiate himself to those few who are still believers. They need more raw meat and he is tossing it out. Also, the narcissist loves the reaction of these orchestrated small group meetings when he spews his hatred of the "lucky rich" who just also happen to be job and wealth creators. The narcissist will become meaner and more absurd as he loses his teleprompter discipline, follows his instincts more, and becomes even more isolated from the real world.
2. HIS ADMINISTRATION WILL COLLAPSE. As the narcissist turns to his re-election handlers he turns away from those in his administration who are attempting to run the government. He much prefers doing a photo op with a friendly audience in an orchestrated environment then meet with his staff that bring him problems (little things like the wars in Afghanistan and Iraq, Arab uprisings as they move to more extreme Islamic regimes, rising unemployment rates, problems in implementing the atrocious Obamacare provisions (which he really doesn't understand), and a failing economy. The narcissist much prefers historic celebrations of how he single handedly welcomed gays in the military. These actions will only create more incompetence in his administration along with infighting and resignations in his staff and cabinet. More and more cabinets and agencies will be run by radical socialists hell bent on the overthrow of our form of government (called reform). THIS IS PARTICULARLY SCARY WITH THE THREAT OF RADICAL ISLAMIC JIHADISM GAINING STRENGTH BY WAY OF OBAMA'S BELOVED "ARAB SPRING".
3. As the narcissist base dwindles he will RETREAT DEEPER INTO SOCIALISM. Fifteen months before the election analysts are astounded that he is not generating false impressions that he is a centrist like Bill Clinton did. Obama can't run to the middle because he can't take the criticism from his radical worshipers that a centrist campaign would bring. He will only become more extreme to try to attract the welfare, racist, gay, union, and socialist audiences. The narcissist loves adoring audiences even more than votes and even if they are hand picked by handlers.
The only way Obama moves to the middle IN RHETORIC is if the Clinton's take over Obama's campaign. My guess is they will try. For example, what if Hillary bumped Biden after making a deal that she would run the campaign and government while writing Obama's teleprompter scripts? It is my strong belief that a Hillary run administration could do even more damage than Obama because she would deceive even more of the American people.
4. The narcissist will resort to the SLEAZIEST, DIRTIEST, MOST CORRUPTED, AND UNTRUTHFUL CAMPAIGN in political history once the Republicans select a candidate. Two strong forces will come together. One is his DESPERATE need to gain approval as stated earlier combined with no respect what so ever for the Constitution or American principles of government. The second is he will resort to the election techniques of his CHICAGO MOB, RADICAL RACIST GROUPS, and UNION THUGS as evidenced by the current insane attack on the Tea Party. How do you demonize them as racists, terrorists, SOBs, and barbarians at the gate when they are only for a smaller government and have no goals other than returning the US to responsible economics? This country will clearly return to protests and violence in the streets as it becomes clear that the anointed one will be thrown from office. Of course these protest, many of which are already planned, will be blamed on the Republicans. The message will be clear. "We will take to the streets and stay there if you do not re-elect the messiah". Take recent events in Wisconsin and multiply by at least 10 going forward. In typical marxist fashion that will blame all of their problems on the rich and succcessful.
So there you have it. Obama, the clinical narcissist, will become even more extreme in his rants, more of a thug and more dependent on mobs, even more incompetent as the leader of the free world with even fewer adult advisors, and will operate further and further to the left of the political spectrum. Or, even more threatening, the Clinton's will take over "Hillary Style", that being more radical than Bill but just as sleazy (she also is featured in a book about her clinical narcisstic disorder).
There is one thing for certain folks, this is going to get really UGLY, and Obama will lose any connection to moral and ethical sanity going forward. Maybe the folks will think twice (or maybe even three times) before putting a clinically narcissistic socialist in the White House again.
Think about it,
Jim
.
When our Narcissist and Chief was at the top he was all about hope, change, and bringing us all together (being a joiner not divider). Hope for a better and fairer tomorrow. Change by spreading the country's wealth around to those less fortunate. Bringing us together by simply putting a youthful, articulate, first black President of the greatest nation in the world in front of two teleprompters reading cool meaningless words about what I, I, I, and I will do. To many the narcissist made everyone feel better as a nation, and for some, rid us of our guilt for being successful (hello Buffett and Gates). Gosh, a great nation becoming even better. Put what appears to be a nice family with two darling daughters in behind the speaker's stand and now the emotional response is even stronger. Take his radical wife and give her a shovel to plant a garden, and even though she is big time Chicago activist attorney, she is just one of the folks who cares only about the nutrition of kids.
Almost three years later the HOPE has been replaced by a large majority of Americans feeling the narcissist is taking the country in the wrong direction toward socialism and bankrupcy. The CHANGE resulted in attacking the capitalistic system of liberty and free enterprise with choking regulations, government mandates, high taxes, crony-capitalism, corruption, insane governmental spending, total incompetence, and a massively demonic plan to redistribute wealth from non-Obama voters to Obama voters. And it is my bet that weeds have taken over the First Ladies' garden big time.
Bringing us together seems to be working if the "us" doesn't include honest business people, Christians, Jews, people who believe in the family unit, people who want to protect unborn children, people who want to treat all races as equals, non-union working folks, people in red states, districts that didn't vote for Obama in 2008, anti-socialists, libertarians, non-government working folks, small government advocates, believers in balanced budgets, people who believe in a strong national defense and want the military to be run by military people not gay rights groups, citizens who believe they live in the greatest nation in the world, and people who just don't believe the narcissistic President is the Messiah. Sum these folks up and you find a fairly big majority are just not being brought together with Barack Hussein Obama. And, even the narcissist, is beginning to understand that, even he the anointed one, may have a blemish or two.
This is really scary, not just for Americans, but for the world. What happens to a clinical narcissist, and leader of the free world, when he realizes he doesn't have magical powers and his poop really does stink??? My guess is really scary stuff happens.
Like what?
1. He has really tuned up his CLASS WARFARE to ingratiate himself to those few who are still believers. They need more raw meat and he is tossing it out. Also, the narcissist loves the reaction of these orchestrated small group meetings when he spews his hatred of the "lucky rich" who just also happen to be job and wealth creators. The narcissist will become meaner and more absurd as he loses his teleprompter discipline, follows his instincts more, and becomes even more isolated from the real world.
2. HIS ADMINISTRATION WILL COLLAPSE. As the narcissist turns to his re-election handlers he turns away from those in his administration who are attempting to run the government. He much prefers doing a photo op with a friendly audience in an orchestrated environment then meet with his staff that bring him problems (little things like the wars in Afghanistan and Iraq, Arab uprisings as they move to more extreme Islamic regimes, rising unemployment rates, problems in implementing the atrocious Obamacare provisions (which he really doesn't understand), and a failing economy. The narcissist much prefers historic celebrations of how he single handedly welcomed gays in the military. These actions will only create more incompetence in his administration along with infighting and resignations in his staff and cabinet. More and more cabinets and agencies will be run by radical socialists hell bent on the overthrow of our form of government (called reform). THIS IS PARTICULARLY SCARY WITH THE THREAT OF RADICAL ISLAMIC JIHADISM GAINING STRENGTH BY WAY OF OBAMA'S BELOVED "ARAB SPRING".
3. As the narcissist base dwindles he will RETREAT DEEPER INTO SOCIALISM. Fifteen months before the election analysts are astounded that he is not generating false impressions that he is a centrist like Bill Clinton did. Obama can't run to the middle because he can't take the criticism from his radical worshipers that a centrist campaign would bring. He will only become more extreme to try to attract the welfare, racist, gay, union, and socialist audiences. The narcissist loves adoring audiences even more than votes and even if they are hand picked by handlers.
The only way Obama moves to the middle IN RHETORIC is if the Clinton's take over Obama's campaign. My guess is they will try. For example, what if Hillary bumped Biden after making a deal that she would run the campaign and government while writing Obama's teleprompter scripts? It is my strong belief that a Hillary run administration could do even more damage than Obama because she would deceive even more of the American people.
4. The narcissist will resort to the SLEAZIEST, DIRTIEST, MOST CORRUPTED, AND UNTRUTHFUL CAMPAIGN in political history once the Republicans select a candidate. Two strong forces will come together. One is his DESPERATE need to gain approval as stated earlier combined with no respect what so ever for the Constitution or American principles of government. The second is he will resort to the election techniques of his CHICAGO MOB, RADICAL RACIST GROUPS, and UNION THUGS as evidenced by the current insane attack on the Tea Party. How do you demonize them as racists, terrorists, SOBs, and barbarians at the gate when they are only for a smaller government and have no goals other than returning the US to responsible economics? This country will clearly return to protests and violence in the streets as it becomes clear that the anointed one will be thrown from office. Of course these protest, many of which are already planned, will be blamed on the Republicans. The message will be clear. "We will take to the streets and stay there if you do not re-elect the messiah". Take recent events in Wisconsin and multiply by at least 10 going forward. In typical marxist fashion that will blame all of their problems on the rich and succcessful.
So there you have it. Obama, the clinical narcissist, will become even more extreme in his rants, more of a thug and more dependent on mobs, even more incompetent as the leader of the free world with even fewer adult advisors, and will operate further and further to the left of the political spectrum. Or, even more threatening, the Clinton's will take over "Hillary Style", that being more radical than Bill but just as sleazy (she also is featured in a book about her clinical narcisstic disorder).
There is one thing for certain folks, this is going to get really UGLY, and Obama will lose any connection to moral and ethical sanity going forward. Maybe the folks will think twice (or maybe even three times) before putting a clinically narcissistic socialist in the White House again.
Think about it,
Jim
Monday, September 19, 2011
Why Obama Has Quit Bullshiting Us
Hubbard City being somewhat rural has folks that are expert at separating bullshit from horseshit. I am told that bullshit is mostly just putting a little hair on a story with some degree of exaggeration. On the other hand horseshit is pretty much understood to be something that is completely false and ridiculous by its very nature. The folks at the Cafe used to have fun debating whether Obama was bullshiting a little or shoveling complete horseshit. It appears as Obama has his back against the wall in all areas of governance that he is totally shoveling his excrement to bolster his standings with what some call "his base". That would be the collective group the Cafe folks call the stupid, the corrupt, and the unexplainable (Obama backers who defy all logic).
How about some examples:
1. Try this one. BHO came out this week to add what he calls the "Buffett Rule" to his American Jobs Plan. Basically this plan would increase taxes on those making $1 Million annually to a rate of 35% (the highest rate on ordinary income). This basically means those investors who risk their money in startup companies and equities would lose their Long Term Capital Gains rate of 15%. The rate was set lower than normal income to encourage investment and to create jobs. And of course the wealthier the investor, the larger the investments, and the more jobs created. Some argue the rate should go to 0% to stimulate more investment. The Obama/Buffett plan would drive investors out of the risky business of investing in new technologies and companies, and in doing so to create jobs. This is a huge job killer, and Obama even knows this. He also knows this plan will never pass through congress and see the light of day. It is simply a huge load of horseshit that will let Obama claim that even rich people like Buffett think they should "share in the sacrifice" with the middle class and poor. He will say the Tea Party killed his plan because they want to protect their millionaires and billionaires. The stupid, corrupt, and unexplainable (people like Warren Buffett) will love this horseshit. (Seriously, Warren's family needs to have this 81 year old checked out. He and Bill Gates have their Billions tucked away in tax free trust funds and want to lecture regular folks about "shared sacrifice"? Meanwhile, Buffett's company, Berkshire Hathaway, has been negotiating with the IRS over $1 Billion that Buffett owes in back taxes for most of the last decade. The Buffett Rule looks like one of those "don't do as I do, do as I say things". We may have to move Buffett from the unexplainable to the corrupt column. Only in Obama's America, huh?)
Obama also sneaked a little $1.1 Trillion item into his debt reduction plan. What was it? It was his estimate of the savings of his troop pull outs around the world. And of course, these pullouts have already been baked into our budget projections, but a little Obama double counting is trivial compared to his other devious tricks. After all as the elite tell us, all politicians do it, right?
2. In his address to the joint session of Congress last week, President Barack Obama called for $477 billion in new federal spending, which he said would give hundreds of thousands of disadvantaged young people hope and dignity while giving their low-income parents “ladders out of poverty.” And last week, the U.S. Census released its annual poverty report, which declared that 46.2 million persons, or roughly one in seven Americans, were poor in 2010. What the Obamas didn’t tell America as he was pleading for more spending–and what Obama's Census Bureau didn’t report–is that poverty has been redefined in America.
In the old days poverty was about the destitute conditions of homelessness and hunger. Not today. The following are facts about persons defined as “poor” by the Census Bureau:
•80 percent of poor households have air conditioning
•Nearly three-fourths have a car or truck, and 31 percent have two or more cars or trucks
•Nearly two-thirds have cable or satellite television
•Two-thirds have at least one DVD player and 70 percent have a VCR
•Half have a personal computer, and one in seven have two or more computers
•More than half of poor families with children have a video game system, such as an Xbox or PlayStation
•43 percent have Internet access
•One-third have a wide-screen plasma or LCD television
•One-fourth have a digital video recorder system, such as a TiVo
As for hunger and homelessness 2009 statistics from the U.S. Department of Agriculture showing that 96 percent of poor parents stated that their children were never hungry at any time during the year because they could not afford food (in fact the emphasis is now on nutrition because the poor are overweight), 83 percent of poor families reported having enough food to eat (Michelle says they have too much), and over the course of a year, only 4 percent of poor persons become temporarily homeless, with 42 percent of poor households actually owning their own homes. Want an international comparison? The average poor American has more living space than the average Swede or German.
Since LBJ's War on Poverty the federal government has spent Billions in welfare, food stamps, and housing projects which resulted in only encouraging the collapse of marriage and the erosion of the work ethic which are clearly the principal long-term causes of poverty. In order to truly benefit the poor, welfare policy must require able-bodied recipients to work or prepare for work as a condition of receiving aid. And it should strengthen marriage in low-income communities, rather than ignore and penalize it. The Obamas hate these basic truths. They just change the definition of poverty, claim it is getting worse, and the only solution is for the federal government to give more handouts. The stupid, corrupt, and unexplainable love this bullshit.
3. Isolated cases of complete horseshit? Hardly! How about the "Green Jobs" program which was the centerpiece of the Obama Stimulation Plan #1 (almost $1 Trillion). To date it looks like green jobs that were created to date costs over $1 Million per job. It also appears that companies (Solyndra and others) that produce solar devices that cost $6 per device shouldn't be sold for $3 even when the government in providing taxpayer funding. And we blame the Chinese! We should give them all of our solar losers. And Algore? He is working one day a week for a London based company that is a total scam having raised $5 Billion from mostly European governments to end global warming. Usually the management if these funds get all expenses paid and take a carried interest of 20% (that would be a cool $1 Billion). This week the biggest single reason given for Spain's economic collapse was that they had "overspent" on their green energy programs. The bullshit of "Green Jobs" was that global warming is man caused. The horseshit was that the federal government would solve global warming while creating real permanent jobs while eliminating the need for fossil fuels. Green anything is the favorite of favorites of the the stupid, the corrupt, and the unexplainable. When I think of green I think of spinach, broccoli, and other means of torture.
4. Need more current examples? The Obamas attempted to get a 4 Star General to bullshit under oath a congressional hearing (perjury) to assist an Obama donor with his technically flawed Billion Dollar government 4G communications scam. If the General wasn't an honest man, the military's communications systems could have been severely jeopardized which rates at the horseshit level. Stupid, corrupt, and unexplainables hate honest military leaders. They get in their way.
5. Lastly, the Obamas constantly bullshit the American public about the danger of not giving the government more control over firearms (every Communist country knows it must control firearm ownership). When the Justice Department, at the Attorney General level, implements a scheme to illegally buy heavy duty weapons and provide them to Mexican Drug Cartels to attempt to create situations you could use to argue for more gun control that is big time horseshit. Interesting that it was the legal gun outlets that blew the whistle on the feds. The stupid don't think they need guns. The corrupt will always have guns no matter what. The unexplainable folks just aren't into the "gun thing".
Bottom line, the Obamas are so desperate they just don't have the time to waste bullshiting the 60% of American voters that are intelligent, honest, and legal. So it looks like every Obama initiative between now and November, 2012 will be complete horseshit and can be filed in the "INSANITY" folder (like the Buffett Rule).
Think about it,
Jim
How about some examples:
1. Try this one. BHO came out this week to add what he calls the "Buffett Rule" to his American Jobs Plan. Basically this plan would increase taxes on those making $1 Million annually to a rate of 35% (the highest rate on ordinary income). This basically means those investors who risk their money in startup companies and equities would lose their Long Term Capital Gains rate of 15%. The rate was set lower than normal income to encourage investment and to create jobs. And of course the wealthier the investor, the larger the investments, and the more jobs created. Some argue the rate should go to 0% to stimulate more investment. The Obama/Buffett plan would drive investors out of the risky business of investing in new technologies and companies, and in doing so to create jobs. This is a huge job killer, and Obama even knows this. He also knows this plan will never pass through congress and see the light of day. It is simply a huge load of horseshit that will let Obama claim that even rich people like Buffett think they should "share in the sacrifice" with the middle class and poor. He will say the Tea Party killed his plan because they want to protect their millionaires and billionaires. The stupid, corrupt, and unexplainable (people like Warren Buffett) will love this horseshit. (Seriously, Warren's family needs to have this 81 year old checked out. He and Bill Gates have their Billions tucked away in tax free trust funds and want to lecture regular folks about "shared sacrifice"? Meanwhile, Buffett's company, Berkshire Hathaway, has been negotiating with the IRS over $1 Billion that Buffett owes in back taxes for most of the last decade. The Buffett Rule looks like one of those "don't do as I do, do as I say things". We may have to move Buffett from the unexplainable to the corrupt column. Only in Obama's America, huh?)
Obama also sneaked a little $1.1 Trillion item into his debt reduction plan. What was it? It was his estimate of the savings of his troop pull outs around the world. And of course, these pullouts have already been baked into our budget projections, but a little Obama double counting is trivial compared to his other devious tricks. After all as the elite tell us, all politicians do it, right?
2. In his address to the joint session of Congress last week, President Barack Obama called for $477 billion in new federal spending, which he said would give hundreds of thousands of disadvantaged young people hope and dignity while giving their low-income parents “ladders out of poverty.” And last week, the U.S. Census released its annual poverty report, which declared that 46.2 million persons, or roughly one in seven Americans, were poor in 2010. What the Obamas didn’t tell America as he was pleading for more spending–and what Obama's Census Bureau didn’t report–is that poverty has been redefined in America.
In the old days poverty was about the destitute conditions of homelessness and hunger. Not today. The following are facts about persons defined as “poor” by the Census Bureau:
•80 percent of poor households have air conditioning
•Nearly three-fourths have a car or truck, and 31 percent have two or more cars or trucks
•Nearly two-thirds have cable or satellite television
•Two-thirds have at least one DVD player and 70 percent have a VCR
•Half have a personal computer, and one in seven have two or more computers
•More than half of poor families with children have a video game system, such as an Xbox or PlayStation
•43 percent have Internet access
•One-third have a wide-screen plasma or LCD television
•One-fourth have a digital video recorder system, such as a TiVo
As for hunger and homelessness 2009 statistics from the U.S. Department of Agriculture showing that 96 percent of poor parents stated that their children were never hungry at any time during the year because they could not afford food (in fact the emphasis is now on nutrition because the poor are overweight), 83 percent of poor families reported having enough food to eat (Michelle says they have too much), and over the course of a year, only 4 percent of poor persons become temporarily homeless, with 42 percent of poor households actually owning their own homes. Want an international comparison? The average poor American has more living space than the average Swede or German.
Since LBJ's War on Poverty the federal government has spent Billions in welfare, food stamps, and housing projects which resulted in only encouraging the collapse of marriage and the erosion of the work ethic which are clearly the principal long-term causes of poverty. In order to truly benefit the poor, welfare policy must require able-bodied recipients to work or prepare for work as a condition of receiving aid. And it should strengthen marriage in low-income communities, rather than ignore and penalize it. The Obamas hate these basic truths. They just change the definition of poverty, claim it is getting worse, and the only solution is for the federal government to give more handouts. The stupid, corrupt, and unexplainable love this bullshit.
3. Isolated cases of complete horseshit? Hardly! How about the "Green Jobs" program which was the centerpiece of the Obama Stimulation Plan #1 (almost $1 Trillion). To date it looks like green jobs that were created to date costs over $1 Million per job. It also appears that companies (Solyndra and others) that produce solar devices that cost $6 per device shouldn't be sold for $3 even when the government in providing taxpayer funding. And we blame the Chinese! We should give them all of our solar losers. And Algore? He is working one day a week for a London based company that is a total scam having raised $5 Billion from mostly European governments to end global warming. Usually the management if these funds get all expenses paid and take a carried interest of 20% (that would be a cool $1 Billion). This week the biggest single reason given for Spain's economic collapse was that they had "overspent" on their green energy programs. The bullshit of "Green Jobs" was that global warming is man caused. The horseshit was that the federal government would solve global warming while creating real permanent jobs while eliminating the need for fossil fuels. Green anything is the favorite of favorites of the the stupid, the corrupt, and the unexplainable. When I think of green I think of spinach, broccoli, and other means of torture.
4. Need more current examples? The Obamas attempted to get a 4 Star General to bullshit under oath a congressional hearing (perjury) to assist an Obama donor with his technically flawed Billion Dollar government 4G communications scam. If the General wasn't an honest man, the military's communications systems could have been severely jeopardized which rates at the horseshit level. Stupid, corrupt, and unexplainables hate honest military leaders. They get in their way.
5. Lastly, the Obamas constantly bullshit the American public about the danger of not giving the government more control over firearms (every Communist country knows it must control firearm ownership). When the Justice Department, at the Attorney General level, implements a scheme to illegally buy heavy duty weapons and provide them to Mexican Drug Cartels to attempt to create situations you could use to argue for more gun control that is big time horseshit. Interesting that it was the legal gun outlets that blew the whistle on the feds. The stupid don't think they need guns. The corrupt will always have guns no matter what. The unexplainable folks just aren't into the "gun thing".
Bottom line, the Obamas are so desperate they just don't have the time to waste bullshiting the 60% of American voters that are intelligent, honest, and legal. So it looks like every Obama initiative between now and November, 2012 will be complete horseshit and can be filed in the "INSANITY" folder (like the Buffett Rule).
Think about it,
Jim
Friday, September 16, 2011
Doing Much, Much More Of What Isn't Working To Save Obama's Job!
Scott Riddle who is accused by the liberals at the Hubbard City Drug Store of causing Global Warming in downtown Hubbard City because of excessive gas expulsion by his now thirsty cows is following these Green events pretty closely for obvious reasons, "For those of you who think Obama made one little $500 million mistake on his photo opportunity, it ain't just Solyndra! At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy (that would be Green Wind and Sun for those of you from Mr. Calm). And to top it off, the Obamas have to spend $10 Billion by the end of the month or their stimulation legislation runs out."
"Evergreen Solar Inc. (don't you just love these names), received $5.3 million through a state grant to open a $450 million facility that employed roughly 800 people. The company, once a rock star in the solar industry (guess that means it was loud sounded good), filed for bankruptcy protection last month, saying it couldn't compete with (those pesky little) Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China (more of those Obama jobs that just don't seem to put Americans to work)."
"SpectraWatt, based in Hopewell Junction, N.Y., is also a solar cell company that was spun out of Intel in 2008. In June 2009, SpectraWatt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. SpectraWatt was one of 13 companies to receive the money to help develop ways to improve solar cells without changing current manufacturing processes. The company filed for bankruptcy last month, saying it could not compete with its Chinese competitors, which receive 'considerable government and financial support'."
"On Tuesday, Obama's Deputy Secretary of Energy Daniel Poneman wrote an editorial in USA Today' in which he blamed China for the failure of U.S. solar energy manufacturers to compete (surprise, surprise it wasn't Obama's fault)."
"'Winning will require substantial investments. Last year, for example, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, about 20 times more than U.S.-backed loans to solar manufacturers,' Poneman wrote. So again when one of Obama's plans don't work the next step is to just do more and more of it (pass this bill now!)."
"So what is wrong with this wonderful Green Solar Market that will soon make us energy independent? Several things. First there is a softening of demand as buyers find out the cost versus benefits makes no sense with the state of today's solar technology. This is happening as production has increased as all of the government sponsored companies come up to speed in both China and the US. Nothing like producing more as demand decreases (we now call these things bubbles). This softening of demand and increased production has resulted in a 42% plummeting of solar pricing (oops, sales are down, production up, and no profit margins). Put these factors together and you have the typical mess that happens when government tries to create markets (remember the collapse of the Soviet Union and all other Communist economies?). And of course, the Obama energy people will say the problem is we are just not pumping enough taxpayer money in to this loser to compete with the Chinese. Seems like we are afraid if the Chinese get there first they will use up all of the sun's rays before we can get there."
"It is not just the Green Crap that's a mess. Remember when Obama joked that shovel ready jobs from Stimulation #1 weren't so shovel ready. Now he says we just need to do more, more, and more. He says we have over 200 bridges that are not structurally adequate. He says we should fix them before they collapse. What he doesn't say is that many of these bridges are funded and planned but are held up by environmental issues brought on by his own regulatory bureaucracy. Rush Limbaugh says it is Obama's responsibility to publish the list of unsafe bridges so that drivers can avoid them. Makes sense doesn't it, but guess what? Obama could no more produce a list of unsafe bridges, and he will never tell us what is holding up construction. He just wants to pass his $500 billion Stimulation #2 vote buying scam or to not pass it so he can blame the Tea Party if a bridge collapses."
"Obama is just such a sleaze bag. He calls a press conference and stands teachers, cops, and fireman up behind him as backdrops for his American Jobs Bill promising to help the kids with more teachers while putting more desperately needed cops and fireman on duty. Anyone that knows how government works knows that the Federal Government does not provide teachers, cops, nor fireman. These all fall under the control of local government with local tax policies. Most local entities can not run deficits like Obama can. They must balance their budgets, and they have made intelligent trade off choices in most cases (excluding California of course). Local governments are laying off school administrative overhead while renegotiating crazy retirement plans for local cops and firemen. Obama wants to corrupt the process by taking taxpayer money that he doesn't have and giving it to local governments to hire people they can not afford, and in most cases, don't need. This scam is all about trying to con voters into believing Obama is coming to their rescue as he tries to buy votes. What crap!
"Look, this is real simple. To believe in the President's latest plan you would have to believe 4 things:
1. The first stimulation worked,
2. Job creators are not taxed enough,
3. Job creators are not regulated enough,
4. And the government isn't spending enough of your kid's money that we don't have."
"To believe in the Republican plan you need to believe 2 things:
1. Job creators need to know what their taxes, regulations, and health care mandates will be over their planning cycle.
2. Job creators need to know the government will not pick winners and losers, and that markets will be left alone and allowed to operate without political intervention (the auto, financial, medical, and energy industries are being destroyed by the Obamas as we speak)."
"If Obama isn't insulting your intelligence on a daily basis you are either under the age of three or completely senile."
Scott's given we who are still between three and senile something to think,
Jim
"Evergreen Solar Inc. (don't you just love these names), received $5.3 million through a state grant to open a $450 million facility that employed roughly 800 people. The company, once a rock star in the solar industry (guess that means it was loud sounded good), filed for bankruptcy protection last month, saying it couldn't compete with (those pesky little) Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China (more of those Obama jobs that just don't seem to put Americans to work)."
"SpectraWatt, based in Hopewell Junction, N.Y., is also a solar cell company that was spun out of Intel in 2008. In June 2009, SpectraWatt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. SpectraWatt was one of 13 companies to receive the money to help develop ways to improve solar cells without changing current manufacturing processes. The company filed for bankruptcy last month, saying it could not compete with its Chinese competitors, which receive 'considerable government and financial support'."
"On Tuesday, Obama's Deputy Secretary of Energy Daniel Poneman wrote an editorial in USA Today' in which he blamed China for the failure of U.S. solar energy manufacturers to compete (surprise, surprise it wasn't Obama's fault)."
"'Winning will require substantial investments. Last year, for example, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, about 20 times more than U.S.-backed loans to solar manufacturers,' Poneman wrote. So again when one of Obama's plans don't work the next step is to just do more and more of it (pass this bill now!)."
"So what is wrong with this wonderful Green Solar Market that will soon make us energy independent? Several things. First there is a softening of demand as buyers find out the cost versus benefits makes no sense with the state of today's solar technology. This is happening as production has increased as all of the government sponsored companies come up to speed in both China and the US. Nothing like producing more as demand decreases (we now call these things bubbles). This softening of demand and increased production has resulted in a 42% plummeting of solar pricing (oops, sales are down, production up, and no profit margins). Put these factors together and you have the typical mess that happens when government tries to create markets (remember the collapse of the Soviet Union and all other Communist economies?). And of course, the Obama energy people will say the problem is we are just not pumping enough taxpayer money in to this loser to compete with the Chinese. Seems like we are afraid if the Chinese get there first they will use up all of the sun's rays before we can get there."
"It is not just the Green Crap that's a mess. Remember when Obama joked that shovel ready jobs from Stimulation #1 weren't so shovel ready. Now he says we just need to do more, more, and more. He says we have over 200 bridges that are not structurally adequate. He says we should fix them before they collapse. What he doesn't say is that many of these bridges are funded and planned but are held up by environmental issues brought on by his own regulatory bureaucracy. Rush Limbaugh says it is Obama's responsibility to publish the list of unsafe bridges so that drivers can avoid them. Makes sense doesn't it, but guess what? Obama could no more produce a list of unsafe bridges, and he will never tell us what is holding up construction. He just wants to pass his $500 billion Stimulation #2 vote buying scam or to not pass it so he can blame the Tea Party if a bridge collapses."
"Obama is just such a sleaze bag. He calls a press conference and stands teachers, cops, and fireman up behind him as backdrops for his American Jobs Bill promising to help the kids with more teachers while putting more desperately needed cops and fireman on duty. Anyone that knows how government works knows that the Federal Government does not provide teachers, cops, nor fireman. These all fall under the control of local government with local tax policies. Most local entities can not run deficits like Obama can. They must balance their budgets, and they have made intelligent trade off choices in most cases (excluding California of course). Local governments are laying off school administrative overhead while renegotiating crazy retirement plans for local cops and firemen. Obama wants to corrupt the process by taking taxpayer money that he doesn't have and giving it to local governments to hire people they can not afford, and in most cases, don't need. This scam is all about trying to con voters into believing Obama is coming to their rescue as he tries to buy votes. What crap!
"Look, this is real simple. To believe in the President's latest plan you would have to believe 4 things:
1. The first stimulation worked,
2. Job creators are not taxed enough,
3. Job creators are not regulated enough,
4. And the government isn't spending enough of your kid's money that we don't have."
"To believe in the Republican plan you need to believe 2 things:
1. Job creators need to know what their taxes, regulations, and health care mandates will be over their planning cycle.
2. Job creators need to know the government will not pick winners and losers, and that markets will be left alone and allowed to operate without political intervention (the auto, financial, medical, and energy industries are being destroyed by the Obamas as we speak)."
"If Obama isn't insulting your intelligence on a daily basis you are either under the age of three or completely senile."
Scott's given we who are still between three and senile something to think,
Jim
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