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He either doesn’t get it or he’s lying. Pick. Obama’s comments today revealed one or the other. I’ll go through his comments and give you my read. Here goes:
Obama said: “Well, on Friday, we learned that after 22 straight months of job loss, our economy has now created jobs in the private sector for 6 months in a row. That’s a positive sign.But the truth is, the recession from which we’re emerging has left us in a hole that’s about 8 million jobs deep. And as I’ve said from the day I took office, it’s going to take months, even years, to dig our way out – and it’s going to require an all-hands-on-deck effort.”
Reetzality: I don’t recall him saying it would take “even years, to dig our way out.” Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private sector payroll employment edged up by 83,000. However, there was a big jump (more than 800,000) in the number of people outside the labor force — neither working nor looking for work. That’s the only reason that the unemployment rate fell, to 9.5 percent from 9.7 percent. (U.S. Bureau of Labor Statistics). This means that the unemployment rate fell last month but actual unemployment did not fall. President Obama is guilty of a false positive.
Obama said: “In the short term, we’re fighting to speed up this recovery and keep the economy growing by all means possible. That means extending unemployment insurance for workers who lost their job. That means getting small businesses the loans they need to keep their doors open and hire new workers. And that means sending relief to states so they don’t have to lay off thousands of teachers and firefighters and police officers. Still, at a time when millions of Americans feel a deep sense of urgency in their own lives, Republican leaders in Washington just don’t get it. While a majority of Senators support taking these steps to help the American people, some are playing the same old Washington games and using their power to hold this relief hostage – a move that only ends up holding back our recovery. It doesn’t make sense. ”
Reetzality: Republicans are not against extending unemployment benefits, they just want to fund it with unspent stimulus money. According to Senator Ben Nelson, 63% of Stimulus money is unspent. Obama wants to create even more debt. Republicans do get it and so do a lot of Democrats. Use the money that’s there. Quit burdening our future.
As to getting small businesses loans, small business is having trouble obtaining financing, however small business has a bigger concern, the cancerous growth of government and the dire condition of the economy that will get worse when the tax increases take effect in 2011. Trust me Mr. President, and I forgive you for not understanding this given your comprehensive lack of business knowledge, Small Business is not expanding because small business is terrified of your policies. Only a fool, or a government, would double down with more debt in this economy with the looming threat of government explosion cloaking their future. (Cancerous government growth takes down governments too. See Greece, U.S.S.R., Spain, Portugal, Ireland, U.K.)
As to sending relief to State’s “so they don’t have to lay off thousands of teachers and firefighters and police officers,” I say let the States fall where they may. They’ve deficit spent their way to the poor house and now Obama wants to enable them in their irresponsibility. It is not fair to further burden the tax payers and their off spring with more debt to pay for lavish government expenditures, work environments and pensions. What is fair is to hold states and those that chose government as their career to suffer the consequences of their choice. Why should the public sector not be treated the same way as a private business? It shouldn’t. Of course, this doesn’t hold true for Wall Street, AIG, and the Auto Industry, but two wrongs don’t make a right. That’s still true isn’t it? State’s should have to live within their means just like everybody else.
Obama said: “. . . we’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America.”
Reetzality: What single thing has our President pushed that would be consistent with keeping jobs and industries of the future right here in America?” He is in bed with the ultimate job killer, Unions. Don’t think Unions kill jobs? How’s the auto industry, manufacturing, and the Steel Industry doing? Not too well.
Obama answered: “That’s one of the reasons why we’re accelerating the transition to a clean energy economy and doubling our use of renewable energy sources like wind and solar power – steps that have the potential to create whole new industries and hundreds of thousands of new jobs in America.”
Reetzality: Hey Mr. Obama, maybe you should study the “Green Effect” in Spain. While Spain has traditionally suffered from relatively high unemployment, double the 9.8 percent average for the European Union, the sharpest increase has been among young people. It has jumped from 17.5 percent three years ago to the current 42.9 percent. Spain was on the leading edge in the EU to convert to a sustainable life style free from their oil addiction, by adopting wind and solar power. (Russel Steele). For every new position that depends on energy price supports, at least 2.2 jobs in other industries will disappear, according to a study from King Juan Carlos University in Madrid. In Spain, where wind turbines provided 11 percent of power demand last year, generators earn rates as much as 11 times more for renewable energy compared with burning fossil fuels. So Mr. President, although you might actually create hundred of thousands of new jobs, if history repeats itself, and it always does, multiply your jobs created by 2.2 and subtract that from your numbers.
Obama said: “But what this weekend reminds us, more than any other, is that we are a nation that has always risen to the challenges before it.”
Reetzality: I agree with you Mr. President. We just disagree with the particular challenge we are rising to. More and more Americans are rising to a challenge named “You.”
Obama said: “We are a nation that mustered a sense of common purpose to overcome Depression and fear itself.”
Reetzality: No Mr. President, we did not muster a sense of common purpose, we mustered, and employed a common sense of freedom, free from government, free from high taxes, free from over-regulation, free from the redistribution of our productivity by government. The only common purpose our nation has is the Constitution. It’s what made us great.
Obama said: We are a nation that embraced a call to greatness and saved the world from tyranny.
Reetzality: Then why Mr. President did you go on the apology tour? Why do you employ so many folks who not only are not fond of our “greatness,” but embrace tyrannical leaders. Check out the politics of these folks: Ed Montgomery, Dennis Ross, Joshua DuBois, Van Jones (fired), Daniel Fried, Gary Samore, Ashton Carter, Adolf Carrion, Jr., John Brennan, J. Scott Gration, George Mitchell, Dennis Blair. That’s enough proof for now.
We are a great nation based upon the greatest God given principles. And that we should celebrate on this Fourth of July for sure. But let us not be fooled. The challenge we now face is from within, history and the facts tell us so. Our President’s vision of our nation is inconsistent with the very fundamentals of our nation. And I think he gets it, he just can’t be honest about it.
That’s my Reetzality for the Day.
Thanks for the read.
Brett Reetz
POST QUESTION? Who are the true public servants of today? It would seem that those serving the public are the private sector since they ultimately pay for it all. Thus, I think the term “public servant” needs a new definition.
Dmitry Medvedev, the Russian president, said Moscow was bidding to help lead efforts to build a new world economic order after the old system collapsed in the global financial crisis. Mr Medvedev said the renewed interest in Russia this year was a sign of a changing world in which the institutions of the western-dominated world order had had their day amid thousands of corporate defaults and the threat of sovereign defaults. Medvedev said, “What had seemed untouchable has collapsed. The bubbles that created the illusion of flourishing economies have burst. And we should use it to build a modern, flourishing and strong Russia … which will be a co-founder of the new world economic order and a full participant in the collective political leadership of the post-crisis world.” That’s just great. Russia is now vying to lead the world economy. Now, I’m not faulting Dmitry. I don’t fault ambition, ever. But I am going to do some “faulting” here. Here’s what I’m going to fault. Western Government, that’s what.
Two points to consider Dmitry. One, the free market didn’t fail. Two, Western Government failed. Yes, we are in a global recession. Yes, times have been tough.
But mind you Dmitry, the vast, vast, vast majority of failures have been directly tied to government. Let’s check it out. AIG? Credit default swaps unregulated by government, thank you Lindsey Grahm and President Clinton. Financial Crisis on Wall Street? Community Redevelopment Act, Fannie Mae, Freddie Mac, are the root causes. The auto industry? Government imposed café standards and unions. Steel Industry? Unions and regulation caused its demise. Real estate market crash? Again, Community Redevelopment Act, Fannie Mae and Freddie Mac. Outlandish corporate risks gone bad? Enabled by government bail outs.
But the biggest failure? Government? Which one? Pick. U.S., Greece, Spain, Portugal, U.K., Ireland, Japan. Every one of them simply spent more than they took in and bankrupted themselves, except they don’t have to go bankrupt, they can tax. The problem is that when they tax they kill the host that their parasitic nature depends on. They kill the private sector which when you look at the portion of the private sector that is not tethered, buoyed or inflated by government, that portion is doing all right, even in these disastrous times. But even the portion of the private sector that isn’t attached to the wet teet of government will be crushed if government takes much more of the productivity.
And that’s the plan, to take more, to redistribute more, to further slash liberty to the bare. Every nation, every leader needs a kick in the head. They need to be forced to objectively review history and admit that they are wrong in their pursuits. They need to accept the fact that government, more often than not, is not the solution, it’s the problem. Government is unaccountable and suffers little consequence, thus they routinely fail as they are now. This isn’t new. This is the same old story.
Come on readers. How’s our government doing on the Gulf Oil Spill? How is our government doing on the illegal alien problem? Our government couldn’t even run Arlington National Cemetery correctly. If you didn’t see the news today, they found a pile of head stones in a creek bed and were recently found to be burying veterans on top of other veterans. It is rather ironic that our government can’t even manage to run a burial appropriately while at the same time, pushing us in a direction where it’s going to need it’s own burial. There’s more. Social Security? Bankrupt. Medicare? Bankrupt. Medicaid? Bankrupt. Our future, bankrupt. (If we don’t act fast). We have 113 trillion dollars in unfunded liabilities crashing down on us. If we don’t change, we are dooming ourselves and our children and our children’s children. Shame on us.
Yet, I’ll give Dmitry this: He’s on the right track. He said this too: “Russia needs a real investment boom”, in order to achieve its modernization goals, he said. To stimulate that, Mr Medvedev announced Moscow would introduce zero taxation on capital gains for companies working on long-term investments starting from January next year and said Russia was improving the legal system to provide better protection for businesses against the long arm of bureaucracy.
Wow, we won the cold war only to be out libertied by the Ruskies! Now that’s down right embarrassing.
Wake up folks. Government is the problem. It’s a cancer, and it’s killing us. We need to get it under control. We need to shrink the tumor or learn to speak Russian or maybe Chinese.
That’s my Reetzality for the day.
Obama is still playing the metaphorical role of the parent who spoils, enables, and ultimately ruins his children. The metaphor is this; the parent is the President, the children are Americans. On Saturday, Obama urged reluctant lawmakers Saturday to quickly approve nearly $50 billion in emergency aid to state and local governments, saying the money is needed to avoid “massive layoffs of teachers, police and firefighters” and to support the still-fragile economic recovery. Rahm Emanuel said,”While some people say you have to spend and some people say you have to cut, the president wants to talk about both cuts and investing,” There’s some of the old audacity, characterizing “spending” as “investing.” (Government spending has a negative multiplier effect which means the economy shrinks by more than a dollar when the government spends a dollar.)
The federal government needs to stop borrowing money, mostly from China, and start existing within its means. The Federal Government has a monumental cash flow problem meaning the money coming in is less than the money going out. Yet, the current administration could care less. The stimulus did not stop a free fall. It protected government workers who make substantially more than the private sector.
As reported in the USA TODAY by Dennis Cauchon on March 8th, 2010, “Federal employees earn higher average salaries than private-sector workers in more than eight out of 10 occupations, a USA TODAY analysis of federal data finds. Accountants, nurses, chemists, surveyors, cooks, clerks and janitors are among the wide range of jobs that get paid more on average in the federal government than in the private sector. Overall, federal workers earned an average salary of $67,691 in 2008 for occupations that exist both in government and the private sector, according to Bureau of Labor Statistics data. The average pay for the same mix of jobs in the private sector was $60,046 in 2008, the most recent data available. These salary figures do not include the value of health, pension and other benefits, which averaged $40,785 per federal employee in 2008 vs. $9,882 per private worker, according to the Bureau of Economic Analysis.”
Here’s some Reetzality: According to the USA TODAY analysis, the over-all cost, what “public servants” earn, of a public sector job including benefits is $38,548.00 more than an equivalent private sector job. Well not entirely equivalent. Public sector employees don’t work as hard, aren’t as accountable, and don’t get fired as easily as private sector workers. Glenn Beck is encouraging us to read the Road to Serfdom by Friedrich von Hayek which is an influential exposition of classical liberalism. I looked up the word Serf for the literal definition. It is, according to Webster’s, “1. A person in a condition of feudal servitude, required to render services to a lord, commonly attached to the lord’s land and transferred with it from one owner to another. 2. A slave.” Sadly, I think we’re nearing the end of this particular road. We are required to render. Our burden to render is passed from one political class to another. Do we really own our land? Just stop paying the king, I mean the government and see how long you can call home, home. And the kings’ men, I mean the public sector employees, are getting compensated more than the private sector. They are receiving more wealth than the folks actually producing the wealth. And isn’t being forced to pay near fifty percent of a person’s productivity in taxes, whether state, federal, local, property, sales, fuel, personal property, license fees, etc., effectively a partial violation of the Thirteenth Amendment? Doesn’t that make a person half a slave? Well maybe not. We don’t have to work. We can go Surfing. Maybe it’s only share cropper status government is imposing.
Back to serious. The private sector is still collapsing under the present weight of government and the fear of the future increased weight of government and Obama wants to bail out government. Hey President, how about cutting government. How about doing what any private sector enterprise would do when faced with a budget crisis, across the board cuts in wages? Or if your minions in your teachers unions, police and fire fighter unions and the AEIU don’t like it, lay some of them off. Trust me Mr. President, we in the private sector will survive. Further more, these are state entities you are bailing out. Why not allow the States to resolve their own problems? Why continue to enable a failing and likely soon to actually fail top heavy government bloated system that continues to usurp the people’s liberties, principles, perseverance, ingenuity, and optimism? Here’s why. Obama is a bad President, behaving just like a bad parent. He is the parent who keeps saying, “This is the last warning! This is the last time. If you ______________ (fill in the blank with any adolescent transgression) one more time, I will ______________ (fill in the blank with any punishment).” Then, when the bad parent’s child once again commits a transgression, he again enables the child by not imposing consequences. Consider this: Wage cuts in government are almost historically non-existent. Thus, now when we need them, when our future depends on a smaller government (or learning Chinese), government workers will have no part of it. Government workers will behave just like a spoiled child who is facing the imposition of a rarely, if ever, imposed consequence. They will throw a tantrum. And the parent, our President, will come to their aid, blame others, probably George Bush, and do anything he can to commandeer the wet teet into their mouths, further damaging the future.
In fact, this is exactly what he is doing right now. He said so yesterday. I am not making a prognosis here. I am making a diagnosis. Sticking with the parenthood comparison, my experience is that when a parent spoils, enables, and comprehensively fails to raise a child of much merit, eventually, notwithstanding the contempt for the child’s behavior, the parent is held to be responsible. The parent is the bad guy. The children are the ones who suffer. Obama is the parent. Americans are the children. Maybe Obama needs to read some Dr. Spock. It seems like he’s reading Dr. Seuss.
June 4 (Bloomberg) – President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle.” Bill Gross is the co-chief investment officer and manager of the world’s biggest bond fund at Pacific Investment Management Co. said yesterday the unemployment rate may rise to 10 percent within the next several months with job growth “anemic.” “Over the long term, interest rates on government debt will likely have to rise to attract investors,” said Hiroki Shimaru, a market economist in Tokyo at Nikko Cordial Securities Inc., a unit of Japan’s third-largest publicly traded bank. “That will be a big burden on the government and the people.” (U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day, by Garfield Reynolds and Wes Goodman, Bloomberg)
“The market was assuming that the private sector was coming back, but obviously we’ve seen none of that,” Gross said in a radio interview on Bloomberg Surveillance with Tom Keene. Geithner also singled out Europe as a region needing to push forward with financial regulation reform. “Further progress on financial repair is critical to global economic recovery,” he wrote. “This requires, particularly in parts of Europe, further efforts to restructure and recapitalize the banking system.” In the U.S., where personal savings is increasing and Congress is close to passing legislation overhauling financial rules, “we are meeting our responsibility,” Geithner told reporters in Washington June 2.
The savings rate in the U.S. climbed to 3.6 percent in April, the highest level since January, from 3.1 percent in March as incomes increased and purchases cooled, according to Commerce Department figures released May 29.
June 7 (Bloomberg) — The U.S. economy may be headed for a slowdown reminiscent of the one it suffered in 2002 as the sovereign-debt crisis in Europe, fading government support and persistently high Joblessness weigh on expansion in the second half of the year. Economists have begun to lower their forecasts for the first time since the recovery began in the middle of 2009. Allen Sinai, chief global economist at Decision Economics, and Michael Moran chief economist at Daiwa Capital Markets America in New York, said they now see annualized growth of 2.25 percent to 2.5 percent in July-December, down from around 3 percent previously. “The risks to the recovery are growing,” the New York- based Sinai said. “We’ve raised the odds of a double-dip recession to one in four from one in 20.” “Markets had excessively bought into the possibility of a V-shaped rebound driven by a self-sustaining private-sector recovery,” Mohamed El-Erian chief executive officer of Newport Beach, California-based Pacific Investment Management Co., manager of the world’s largest bond fund, said in an e-mail. That view “is starting to be visibly and increasingly challenged by the multiplying facts and realities on the ground.” The latest came on June 4, when the Labor Department reported that private-sector employers added 41,000 jobs to their payrolls in May, down from 218,000 in April and well below the 180,000 median forecast by 35 economists in a Bloomberg News survey. While the unemployment rate fell to 9.7 percent from 9.9 percent, it’s remained above 9 percent. (U.S. Rebound Seen Slowing Most Since 2002 on Europe Debt Woes by Rich Miller, Bloomberg)
O.K., ON TO REETZALITY. There’s the financial news of the day. The European Union is on the brink of failure, Greece has failed, Hungary is facing default, said Viktor Orban who then changed his tune when Hungary’s currency, the Forint fell 4.8% in two days, destroying his credibility. Portugal, Spain, England, Ireland and the United States are “coming on strong” in the race to fail. Things are not looking good folks no matter what President Obama says about the recent job growth which only included 41,000 private sector jobs which barely keeps up with population growth. (Either an amazing lie or an amazing ignorance on his part. New jobs are compared to increased population; thus true job growth requires an increase in the percentage of employed persons to the actual population to increase.) We are in trouble, big time.
Here’s why we are in trouble: Insane government policies of redistribution of wealth! Governments throughout the world have made endless commitments to take care of people and industries, addicting its masses to the government teet. In doing so, governments have thwarted individuals’ ability to take care of themselves. Governments have reared generations of dependents rather than independents. They have done so through liberal policies of government handouts to individuals, corporations and unions. They have taxed people, either directly or indirectly (see license fees, excessive regulation, hidden taxes, value added taxes, Obama care, etc.) and threaten to tax and regulate more (see EU meetings and listen to President Obama). They have taxed us to the point that we are now partial metaphorical slaves, handing over in some cases more than fifty percent of our productivity to government so they can redistribute it, take our earnings, our wealth, and giving it to somebody else. Now, the true private sector, the corporations not in bed with government, the traditional family, the small business, these entities are doing what they should be doing, and rightfully so; they are preparing for the worst part of the storm. Folks are saving more. Folks are not spending as much. Companies are not hiring. Folks will be leaving the equities market or hedging against the predicted and ominous free fall. The world economy is faultering. It is on the brink of disaster. Let me rephrase the last sentence. We are on the brink of accepting the reality that we are in a disaster. The disaster started a long time ago.
We will begin to see government pensions fail. As reported by David Cho, a Washington Post staff writer, October 11, 2009, “The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.” See also http://www.pensiontsunami.com/. The fact is, financially government pensions have already failed. They are broke because the governments that run them, federal, state and local, have not only taxed the private sector to pay for them, but then, in a way, double dipped and took, they call it borrowed, the pension reserves to again redistribute the wealth, the same actual wealth, a second time.
Government has anesthetized the private sector which is not the best metaphor because although the private sector is hunkering down, hibernating, it is doing so consciously as a defensive measure to governments’ reckless spend and tax policies.
Here’s more Reetzality, a prediction in part and also an observation. The private sector is going to decouple from the public sector. Decoupling is a financial term. Decoupling is a situation in which returns on two assets or asset classes that normally move together move separately. For example, oil and natural gas prices usually move together: when one goes up, so does the other, and vice versa. Likewise, stocks and corporate bonds usually behave the same way. Decoupling in both cases occurs when oil moves in one direction while natural gas moves in the opposite, or when stocks’ and corporate bonds’ returns diverge.
Unfortunately, but it’s the Reetzality for the day, the public and private sector are not asset classes in the literal sense. Therefore, I am opining on a more ominous decoupling. The private sector has lost all faith in the public sector. The true private sector, the portion that is not in bed with government, unlike Wall Street, the auto industry, unions, etc., is decoupling itself from the government. Folks are sheltering their productivity, not spending when the government attempts to get them to spend through faux stimulus plans, saving more, getting out of the market, working for cash, trading goods and services to avoid taxes and generally as stated previously, hunkering down for the worst of the storm. The private sector is decoupling.
Here’s the problem with that: As the governments’ reckless, disastrous and wrongful policies manifest in failure, as government workers (see Greece) protest the bankruptcy of their employers, the governments, governments will come for the private sectors money. Governments will hijack even more of the private sectors’ productivity. I’m not certain that the private sector will tolerate this ominous Reetzality. I am not suggesting that there will be an actual revolution. I am suggesting that the private sector will say that it has had enough and will civilly revolt through the vote, through increased frugality and through government avoidance policies. The private sector will say, “No thank you government, we’ve helped enough. Time for you to accept responsibility for yourself. Be sure to tell your people.”
And let me tell you this, the government will not like this one bit. The government will blame the private sector. The government will refuse to acknowledge the real crisis which is not financial, not health care, not energy, not private debt, not education, not hunger, not anything other than a single crisis that has a redundant history, a Government Crisis. (See Rome, Greece, U.S.S.R.) Until our “leaders” accept responsibility for their policies and turn to the dependents they’ve been spoiling for generations and tell their dependents that they can’t afford it anymore, times they are a changing, things won’t get better. And if they don’t? Well then my readers, history will repeat itself and we will have a comprehensive collapse of the world economy.
God save our Children.
Note: Thank you Bloomberg for your resources. You are an honest news source indeed.
Does Obama despise America? Now there’s a question worth asking. I didn’t vote for the guy but I had hope that he would prove me wrong and be a moderate, like Bill Clinton ended up being. He didn’t. Let’s do a run down on Obama’s policies and see if he likes this country or not.
1. Health Care. He is vigorously pushing health care reform which will embody the government controlling one sixth of our economy, taking away freedom and liberty. It will also embody the taking of one person’s productivity and giving it to another, the redistribution of wealth. It will, by rudimentary economics, impose rationing. It cripples the free market. Thus, health care reform, according to Obama, takes away freedom, liberty, choice, redistributes wealth, limits the freedom to take care of oneself by rationing, and cripples, retards, pick, the free market. The ruling? Obama Health care is un-American.
2. Taxation. Obama wants to raise taxes to further his agenda of redistributing wealth. The ruling? Again, un-American.
3. Immigration. Obama wants to legalize illegal aliens with no agenda to secure our borders. The ruling? Again, un-American.
4. Financial Industry. Obama wants to impose drastic regulatory regulation that will limit credit, impose costs on the industry that will not just trickle down, they will fall down on the regular Joe like a tidal wave, hurting the average American. The ruling? Un-American.
5. Privacy. Obama has continued the Bush doctrine of warrantless searches and is encouraging the government monitoring of the internet. The ruling? Un-American.
6. Foreign Affairs. He has spent more time apologizing for America than praising its excellence. The ruling? Un-American.
7. Economic Policy. Obama has used the “stimulus plan” to reward political allies. He has used the money, debt rather, to give back to those who supported him, meaning government employees, unions, and state bureaucracies (Government Universities). He has burdened our off spring with massive debt that, if they chose to stay and participate, will thwart our offspring’s freedom and prosperity. The ruling? Un-American.
8. Freedom of Speech. Obama favors the Fairness Doctrine which would mandate equal time for all views regardless of market forces and popularity. It would mandate that for every Rush Limbaugh and Glenn Beck, there was an Al Franken on the air with equal time. The fairness doctrine would do this by taxing media and redistributing the resources to subsidize the contrary and opposite opinions. The ruling? Un-American.
9. Voting privacy. He favors “card check” which means that union votes would no longer be private. If you voted non-union, the union would know. His Attorney General dropped the suit against the Black Panthers for intimidating voters. The ruling? Un-American.
10. Free Market Principles. Obama has bailed out, taken over, GM and Chrysler. He has bailed out and taken over AIG. He is, through bail outs and regulation, attempting to take over the financial industry. He wants to publicize student loans, taking them out of the public sector. He believes that government is the only solution to our economic woes which were caused by government. He has expressed vitriolic contempt for the insurance industry which make less of a profit percentage than the top twenty-five industries. He loves Unions which fix prices and wrench power from the owners of businesses. The ruling? Un-American.
11. The Constitution. He himself said it was flawed in that it didn’t contemplate redistributive justice which, by the way, Mr. Constitutional Law professor, rocket scientist; redistributive justice contradicts the very core, the very fundamentals, of our constitution. The ruling? Un-American.
12. Fiscal Responsibility. Obama is making a drunken sailor look frugal. The ruling? Un-American.
13. The Second Amendment. Obama’s voting record and writings show that he is against the Second Amendment. The Ruling. Obama’s view on the Second Amendment is blatantly un-American. He fails.
Enough already. It took me all of five minutes to list the aforementioned un-American policies of Obama. Well, maybe eight minutes, but I can type as fast as I think which may be an indictment of my thinking rather than an accolade for my typing.
But let’s look at the core of an American and run Obama through this gauntlet. Here’s what I know Americans are: They are for independence. They are brave. They stand on their own. They are creative and innovative. They reject charity as a way of life. They are responsible. They are hard working. They are loyal to the Constitution. They are traditional. They are proud. O.K. Now to the second analysis of Obama:
1. Americans are for independence. Obama is against independence. He supports deference to other nations’ laws. He wants to join the world on cap and trade. He is for world solutions that depreciate our independence. The ruling? He is not independent. He fails.
2. Americans are brave. Obama does not speak from the heart, he speaks from the teleprompter. He’s never been in the military. He endlessly sheds responsibility and blames others. He is afraid to take responsibility for anything that shines poorly on him and his past. The ruling? He is not brave. He fails.
3. Americans stand on their own. Not Obama. Present was his most popular vote in the Illinois legislature. If things are going bad, he blames his predecessor. He defers to others, i.e. congress, to draft bills, i.e. health care. (His bill was nothing more than a collection of ideals with no meaningful merit.) He supports unions which contradict independence in the work place. The ruling. Obama does not stand on his own. He fails.
4. Americans are creative and innovative. Obama’s philosophies have been spoon fed to him by his mentors. His book was ghost written. He has not created a thing. The ruling. Obama is not creative. He fails.
5. Americans reject charity as a way of life. Obama was a community organizer where his passion was to shake down the system for the transfer of wealth. He is for the abject transfer of wealth, taking from a producer and giving to a non-producer. The ruling? Obama is in favor of charity as a way of life. He fails.
6. Americans are responsible. Obama blames his predecessor whenever in a pinch. He dodges questions, i.e. telling John McCain that “election is over.” He abhors any responsibility for the condition of our nation as caused by too much government. He spends like, I’ll use the term again but hype it a bit, a drunken sailor on crack cocaine. He is burdening our off spring with monumental debt, destroying our very fundamentals, and taking no responsibility. The ruling? Obama is not responsible. He fails.
7. Americans are hard working. Obama didn’t break from a golf game when the crotch bomber attempted to take down a jet. Obama hasn’t read a bill, maybe not even his own pseudo bill. Apparently he drinks too much and smokes too much. He has never held a private sector, bill paying job. He doesn’t respect one’s accomplishments for working hard. See redistributive justice opinion. The ruling? Obama is not hard working. He fails.
8. Americans are loyal to the Constitution. Obama says the Constitution is lacking in that it fails to address redistributive justice. Enough said. The ruling. Obama thinks he knows better than our founding fathers. He fails.
9. Americans are traditional. Obama said over and over again that he is going to change the fundamentals of our nations. Fundamental is defined as the origin of existence. Well if you are going to change the origin of one’s existence, you certainly are not traditional. The ruling? Obama is not traditional. He fails.
10. Americans are proud. Obama rejects American exceptionalism and continues to degrade our nation with his apologies. The ruling. Obama is not proud of America. He fails.
So face it folks, regardless of who you voted for, we’ve got us an un-American running the country. He’s not like us, nor does he even like us, assuming his policies are consistent with his likes and dislikes. So get your head out of the sand and speak out. Reject his policies. Call your congressman and let them know that you are independent, brave, that you can stand on your own, that you are creative and innovative, that you reject charity as a way of life, that you’re responsible for your own life, that you are hardworking, loyal to the Constitution, traditional, and damn proud of who you are.
Well unless you are with him in his anti-American Agenda, then I suggest you see a shrink. You need it. For a variety of reasons, to start: Self deprecation (destroying your nation), self loathing (despising your nation), child abuse (burdening your children with your debts), dependency (relying on government), anger management (control your loathe for our nation), sociopathy (ignoring the impact of your views upon others), and ultimately for depression (You won’t like your stated destination. See all socialist nations).
And that’s my Reetzality for the Day.
WASHINGTON — President Obama acknowledged the deep partisan divisions gripping Congress, but he urged Republican and Democratic leaders Tuesday to cooperate on legislation that creates jobs.
Amazing. Obama actually believes that Washington creates jobs. Techically it can create a job, meaning that Washington can spend money and create “a” job. However, also technically, it costs more jobs than the one created to create the government job. This truth is based upon the negative multiplier effect that government spending has, at best about a .8. I’ve gone through this before but I’ll go again, every dollar the government spends shrinks the economy by twenty cents. Thus, every job the government “creates” takes away more than one job in greater economy. It’s basic economics folks, proven over and over again in history.
And yet, Obama thinks the absence of bi-partisan cooperation is the cause for the shrinking job market. No Mr. Obama, you are once again wrong but you do have a great excuse given that you never worked in the private sector, never made a bottom line, let affirmative action rather than your ability lift you through life, and your “caused by others” narcisism. But, excuse or no excuse, you are still wrong. In fact, it is the opposite of what you are thinking. The absence of bipartisanship is saving jobs and serving, at least a little, as a sea anchor to the free fall of our economy. Those in the private sector (the ones that pay for your fantasies) are relieved that health care failed. They are relieved that cap and trade is a long shot. They are relieved that conservatives are likely to take back the house and senate in November. They are relieved but not thrilled. They are not thrilled because your plans and policies continue to loom on the horizon like a bad storm.
Mr. Obama I would strongly suggest that you open a lemonade stand and work it on weekends. I believe you will have time to do so since you don’t write or read the bills that you telemarket and infomercial. But in truth, it would serve you well to learn the basics of private enterprise and business and a lemonade stand is great start. You’ll have a bottom line, the cost of the stand, the lemonade, cups, and labor. You’ll have income from the sales. And if you do it right, you will learn that increasing costs decreases profitability. And that’s what your missing Mr. Obama. The agenda that you telemarket and infomercial sends the message that costs are going up, that government is going to be doing a lot more “taking.” In response to your messages, the private sector tightens its belt, stops spending, stops hiring, stops lending, stops risking. Picture you lemonade stand Mr. Obama. What if you we’re going to expand and build a second lemonade stand but lemons were going to be taxed? Further, what if the tax would increase the price and the increased price would decrease sales? Decreased sales would decrease income which would certainly decrease your appetite for expansion and risk. See my point Mr. Obama. You need to work in a lemonade stand. Working in a lemondae stand would educate you on why your agenda is so inconsistent with a growing economy. I swear, I’m serious. And don’t feel bad, all work is noble for the most part. I worked in one and taught me a ton about the realities of business and the economy. I think I was six years old when I learned it. It’s never too late to start Mr. Obama. Go for it. Get out there and sell some lemonade, learn the ropes of the private sector and then go back to your employer, us, and do the right thing based upon your new higher education. And indeed it is a higher education because it taught me way more than your “poison” Ivy league farce taught you.
You know what they say Mr. Obama, “If it rains lemons, make lemonade.” Go for it Obama. It will do us all a bunch of good.
Captain Obonga to the Rescue!
I am so relieved. Thank you, thank you, thank you, Captain Obonga. I had no idea that the government, that failed to prevent a terrorist on the watch list whose father reported him as a radical without a passport from getting on a plane headed to Detroit with a bomb hidden in his underwear, no idea whatsoever that that government could fix everything else. The next thing you know they’ll be joking that the government can’t even keep strangers out of White House dinners? But you set me straight Captain Obonga. Thank you.
O.K., on a more serious note (although the first note was serious, I just utilized humor to demonstrate the seriousness, now I’ll get rid of the humor) was that a speech or what? Shoot, here comes the humor again. Captain Obonga is going to do everything. Pheewww! Say good bye to worries my little friends, I mean you American People. You “they” people.
O.K., O.K. O.K., I took a serious pill, so here goes, firm, fair and frank. The State of the Union address was a rambling cacophony of lies, misrepresentations, false promises, insincerity, rewriting of recent history, bragging, blaming, arrogance, ignorance, condescension, and otherwise consistent with a complete ripper of a marijuana fest. Thus, the “Obonga” nick name. We’ll call it a “BS”-afest instead.
Folks, he’s going to raise our taxes either directly or indirectly and has already done so with his deficit spending. Wait, small correction-maybe. He may have only raised our childrens’ taxes. Folks, he’s not going to endorse nuclear energy or off shore drilling. Folks, he has no desire to assist small business. He doesn’t even respect business for what it does. He said that all student loans would be forgiven in twenty years but in ten years if a graduate goes into public service. That’s right, we need more social workers and bureaucrats in our future than business people because social workers and bureaucrats are just so damn critical. See folks, this is another window into Captain Obonga’s soul. He values government more than the private sector. And he doesn’t understand basic values either; like paying off your debt. What in the world would justify a person to stop paying a debt if it’s not paid off? Shoot, that’s that pesky “keep your word” stuff. God that’s irritating. So what’s the big deal? I cut a deal, borrow some money for a four year degree which I actually spend six getting, drag the payments out for twenty years and then tell the lender that Captain Obonga told me I didn’t have to pay anymore after twenty years. Wait, wait, wait. I thought of something. Why don’t I just grab a public sector job in let’s say year nine, work it for a year, stop paying which is absolutely justified since I’ll be doing something so critical to America, actually serving the public for America, like for example, collecting tolls on a turnpike, and then, when I’m free of my promise to re-pay my student loan, I quit my cherished public sector job and go into the private sector and stick the tax payer with the rest of my debt. So many possibilities.
O.K. Folks, now I’m really going to be serious, actually I have been. I was just using humor to exemplify how much of a joke the State of the Union Address was. Our president has never made a bottom line, hangs out with communists and terrorists, loves Government, big government, is a progressive democrat, wants to socialize medicine, (He said he’s not quitting in his pursuit of his anti-American Agenda (He didn’t say “anti-American” but it is)), has no understanding of the economy, nothing is his fault, and after listening to his speech, wants to run everything.
Prior to his address, it was suggested that the Obama Administration was going to do a “re-set” on its agenda due to the rapidly growing trend against them. The pundits got it half right. Obama did do a reset but not on his agenda. He did a reset on the focus button so that the picture we see is different than before, blurred; but the content, the actual content, is exactly the same.
Beware folks, this guy does not like us “they” people. But he’s afraid of us and that’s why he reached out last night and spun the focus button. He changed the focus to hide. What he didn’t change was the content of his ambitions which are very un-American. Only our ability to see it was changed. But folks, you need not worry. I know this guy and his ambitions will come back into focus sooner than you think, definitely by November.
NOTE: I use the “Captain” title to remind folks of the Titanic, you know that unsinkable ocean liner that sank on its first voyage. Of course, America could never be like the Titanic.
GOOD LUCK OBONGRESS!
There is an economic term called a “multiplier effect.” The multiplier effect is the efficacy of spending. It is the ability of spending to produce an effect on the economy, either growing it or shrinking it. Let’s assume the government spending multiplier effect is 1.0 (one). That means that an increase in one unit of government purchases, and thereby, in the aggregate, demand for goods would lead to an increase by one unit in real gross domestic product (GDP). Thus, the added public goods are essentially free to society. If the government buys another airplane or bridge, the economy’s total output expands by enough to create the airplane or bridge without requiring a cut in anyone’s consumption or investment. If the multiplier is greater than 1.0 as OBONGRESS tells us, then government spending creates more growth than the actual spending. That’s the multiplier effect. But we have a problem OBONGRESS, government spending has a multiplier effect of less than 1.0. Studies, focusing on World War II and the Viet Nam War, have shown that at best the multiplier effect is .8, less than one. This is probably higher than it actually is because war time shrinks the supply of labor so wages tend to rise and the unemployed become employed. A negative multiplier, which .8 is, is a bad thing. It means it costs us more as a nation to spend a dollar than a dollar. Spending shrinks the economy and OBONGRESS, here’s a hard fact, that’s what’s going on right now. Your spending is shrinking the economy. You’re spending is hurting the economy, that thing you claim to be so concerned about. Here’s a hard analysis. If OBONGRESS were right, why isn’t its spending growing the economy. Spend like a drunken sailor and grow the economy, right? Wrong, it doesn’t work. History proves it doesn’t work, over and over again. Damn that history. Governments, including ours, hate history. It’s such an irritation to their voluminous tripe.
But, and this is a big “BUT”, if OBONGRESS really cares about people, and really doesn’t just want to collapse the economy to mass produce need and thereby mass produce needy voters who vote for help, not change, then here’s what they’ve got to realize.
As stated, as history proves, government spending shrinks the economy and hurts people. Sure, if you get a nice government contract you make some money, but you make it at the expense of the economy. The dollar you make, costs the economic society more than a dollar. That’s the point. You also risk partaking in a downward spiral much like the one our nation is in presently.
So what do we do stimulate the economy? How do we create jobs? I will tell you soon. It’s been established that government doesn’t create jobs in the comprehensive national economy. Who does? The private sector. But why isn’t the private sector creating jobs? Because the private sector is cautious, it is financially conservative by nature. What does the private sector fear the most, what does money fear the most? Risk and Uncertainty, that’s what. What does the private sector do when faced with risk and uncertainty? It reduces risk, it tightens its belt. It doesn’t hire, doesn’t expend venture capital, doesn’t expand. It hangs on to what it has which is the smart and natural thing to do.
Right now, given the OBONGRESS agenda, which is creating debt at the greatest rate in history, what it is really creating is risk and uncertainty. It is scaring the hell out of the private sector. The private sector is terrified about the exploding national debt, looming regulation, looming increased taxes, government take overs of industry, cap and trade legislation, and based on my analysis, everything OBONGRESS is doing or proposing. So, based on the private sector’s fear, they have and will continue to tighten their belts, avoid risk, and avoid expansion. So as long as OBONGRESS presses on with its agenda, it will shrink the economy. Econ 101, there it is.
Now, here’s the solution. If OBONGRESS really wanted to create jobs, really wanted to grow the economy, then here’s what it needs to do. Eliminate risk and uncertainty, that’s what.
It doesn’t take a rocket scientist to realize that if the private sector were confident that the dollar would hold its value, the government wouldn’t explode, taxes wouldn’t explode, the cost of employment wasn’t going to sky rocket, and regulation would be reduced, the private sector would take risks. The private sector would chance into new innovative projects with new products, new ideas, and most importantly, new jobs. And here’s a somewhat important point; the private sector has a positive multiplier effect. That means that when McDonald’s, the franchise or some family named McDonald, ventures out and spends money, it grows the economy more than a dollar for every dollar they spend or invest in a venture.
This economic analysis isn’t unknown, it is basic. It is well known. And yet, OBONGRESS ignores it. As a side note, OBONGRESS claims they saved the auto industry and the banking industry. Really? Sort of, is the answer. Yes there are banks in existence and auto manufactures in business that wouldn’t be if the government hadn’t stepped in. But, the overall cost to our economic society to save these companies is greater than the benefit. If you’re an auto worker you receive a benefit. The rest of our economic society receives a detriment greater than the benefit received by the auto worker. Evidently, OBONGRESS doesn’t just want to redistribute the wealth, they also want to redistribute the suffering.
So OBONGRESS, take a look at history, read up on economics, and do the right thing. Give the private sector a climate without uncertainty and risk. Let the private sector keep what it earns and believe it will continue to keep what it earns in the future rather than having it be expropriated by a drunken OBONGRESS, because that fear, that fear that our government is a growing cancer, shuts down the private sector. It hurts folks, hurts them bad.
One more note, for my entire business life, the biggest bill I’ve ever had to pay is the bill to the government. It has never been an insurance premium. It has never been health care. It has always been you government. And that bill, that I pay monthly, limits what I can spend with a positive multiplier effect. So do the right thing, and give us hard working Americans our confidence back. Let us believe that the cancerous government is going to stop growing. If you do, you’ll get your jobs and you’ll get to take credit for creating them, a minor league lie by your standards, but I’ll let you run with it.
Note: Here’s a link which I took my multiplier effect lanaguage from. A good article by Robert J. Barro. http://online.wsj.com/article/SB123258618204604599.html
Second Note: Thank God for Massachusetts. A second revolution has begun. It might have started in Virginia and New Jersey actually.
Arnold the Loser!
And now Arnie, a scham Hollywood idiot who knows nothing of economics, a complete rave buffoon, says he wants concessions from the feds so he can cut services. Hey Arnie, what’s the difference between a cut and a bail out. Why aren’t you speaking to the principles of the programs you want to cut. They are bad programs. They encourage sloth, indifference, non-motivation, why aren’t you just cutting them? Oh, they’re doing so much for you’re bankrupt state, right? You’re sitting on the some of the most lucrative real estate in the world and you’re broke, But Why? Here’s why:
Government. You arrogant impotent S.O.B.’s got drunk on your wealth and instead of dealing with principles, instead of making hard decisions, instead of doing what was morally right, you rolled over. Why screw up an elitist cocktail party to worrry about principles, right? So you welcomed illegal aliens and paid for them, you lavished benefits on those who worked for the king (governemt), you raised taxes to drive businesses out of your state, and in the end, you are bankrupt. And now you want us, from other states to bail you out? Is that fair? Is that just? You go on a an irrational spending spree, and we bail you out without any consequences? No. It is not fair. I object.
So Arnold, you terminator, you star, go to Washington and beg, ask for money or concessions, ask for whatever it is you need to indulge your impotence. But let’s be clear, we know you are impotent. A real man would simply cut that which he could not afford. But then again, a real man has his cojones and has not sacrifice them to short term adulation, prominence and falic facades.
You may have the muscles Arnold, but you fail in the reproductive capacity. In fact we can’t even see any.
Thanks for the Read.
Brett Reetz.
The Great Debt Garden!
So Obama mispoke, the Washingtard term for lying, when he said “no earmarks” and the end of the “old ways” of doing business. Big surprise. He is sort of right on one thing. He is doing business differently than his predecessors. He is mis-speaking at a rate never before seen in Washington. He is spending at a rate never before seen in Washington. One thing I think he did get right is the promise of transparency. It is absolutely transparent that Washington, from the top down, is being run by a gang of indifferent scum that take no heed to basic economics, honesty, what the people want, and most serious, the principles that made America.
So President Obama, why don’t you prove me wrong and not sign the impending Omnibus Spending Bill? Why don’t you do the right thing, the thing you promised and veto the bill when it reaches your desk. Come on Pres? A little honesty won’t hurt. A little keeping your word is a good thing. It’s just not a Washington thing. So here we go, spiraling into massive debt at an unchecked pace, without even a hint of chagrin on the Washingtards’ faces. Not even a hint.
I’ve heard is that the best scam is one done right before your eyes. It reminds me of a Russian factory worker who each day left the factory with a wheel barrow with a blanket covering it. The guards checked under the blanket and it was always empty. Years later in his retirement he ran into the guard who said “I always thought you were stealing something.” The retired factory worker responded, “I was stealing something. I was stealing wheel barrows.” And that’s what Washington is doing underneath Captain Obama, stealing “something,” and that “something” is America. And I thought the pirates were in Somalia. How silly of me.
