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Monthly Archives: October 2011

610.) President Obama, has his sites set on saving the American Economy. When his second attempt at Kensyian economics was denied by the Senate, President Obama first insulted congress, blamed Republicans, when it was Democrat votes that brought the measure down, and now he has announced that he will use executive power to stimulate the economy without congress.  there are several issues that must be addressed here.
The first is the plan itself. He plans on using executive power to work with Fannie May and Freddie Mac, the quasi government agency that created the housing crisis, to find ways to adjust morgate rates. Basically the plan involves allowing people to refinance their home, even if they have little to nothing down. Continueing the bail out state, removing consequences for ones actions. No mater what you hear, about preditory lending, evil bankers, the fact of the mater is that people bought those houses of their own free will. They didn’t do their home work. Now why I understand the pain there in, no good will come from preventing failure, and from making deals with the people who helped create this problem in the first place.

 

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609.) Economic times are hard, and President Obama does have a tough job laid before him, how to best prevent the continuing collapse of the American Economy. President Obama is a progressive at heart and only knows one way to try to “stimulate” the economy, and he continues to rely on the failed policies of Kenesian Economics. One of President Obama’s “stimulating” measures was to give a $529,000,000.00 (529 million) dollars to Fisker Automotive, an electric car company. No suprise there, President Obama loaning a large amount of money to an electric car company, this is part of his “green jobs” push. No, where the suprise comes from is the fact that Fisker Automotive is now building their first line of cars in Rural Finland. Vice President Joe Biden heralded the Obama Approved Loan as a bright path to thousands of American Manufacturing jobs. Two years after the loan was announced though, the job of building the Fisker Karma has been outsourced to Finland. When asked about it, the Founder of Fisker Automotive said, “there was no contract manufacturer in the U.S. that could actually produce our vehicle, they don’t exist here.” Henery Fisker did say that the money was used on design work that did stay in the United States, rather than the 500 jobs that went overseas. He then said, “we’re not in the business of failing; we’re in the business of winning. So we make the right decision for business. That’s why we went to Finland.” This is more evidence that President Obama does not understand the world of business, all he understands is the theoretical world of politics.

The $529 billion dollar loan to Fisker Automotive is just another example in a line of expensive blunders made not just by President Obama, but all carreer politicians. President Obama has spent his entire life in a world of theory, hypothetical, and politics. He has no experince being an executive, or in the real world. The founders of this nation where men who gave up their lives to make a better life for their children. John Adams was a lawyer, and a farmer before he ever entered the world of politics. He was a pacifist at heart and wanted nothing to do with war, yet he sided with the colonialist in their fight for freedom from the Tyranny and Oppession of King George. He said, “I must study politics and war that my sons may have liberty to mathematics and philosophy, My sons ought to study mathematics and philosophy, geography, natural history, naval architecture, navigation, commerce, and agriculture, in order to give their children a right to study painting, poetry, music, architecture, statuary, tapestry, and porcelain.” He understood that for the future generation to be able to live the lives they wanted, he had to postpone his dream of being a farmer and serve his nation as a Statesman. When his time in office was up, John Adams retired from public life, he left the White House on a taxi, saying that he is no longer President Adams, he was a famer. He retired from public life and returned to being a citizen, nothing more.  George Washington, the father of our country, wanted to run his plantation at Mount Vernon, after the Revolutionary War that is where he returned. Then the United States, under the Articles of Confederation, was falling apart. They came to his door asked him to come to the convention, he looked at them and said, “have I not yet done enough for my country.” This man had served his country from the age of 16, first as a surveyor for the King, then as a soldier, all the man wanted to do was retire and return to a private life.  But he knew the convention would fail, his country needed him, so he returned to the asylum of politics.  These men, the men who built helped to build a Republic, a Nation of Laws not of Men, these individual men gave up so much to serve not their nation, no, but the people whom they lived with. They gave up their lives of peace and tranquility to enter into the violent and treacherous world of politics, to help their neighbors, brothers, sisters, and those who had not yet been born. They made so many choices not because they wanted to, but because they had to. George Washington could have been made a King, lived a life of luxary, a life free of control, yet he gave up the opulence and omnipotent power, choosing instead to reside as citizen George Washington. Both Washington and Adams could have continued on in the world of politics, they could have run again for President, they could have used their past positions to leverage people into caving to their wants, but they didn’t. They died citizens. Todays Politicians do not know this sense of service, they do not hold to morally rightous princible, instead they favor caving to what they feel will keep them in power, what they feel will best allow them to accomplish their own personal goals.  In the past elected officals were statesmen, men who exhibit great wisdom and ability in directing the affairs of a government or in dealing with important public issues, men whose wisdom and integrity won them great respect. Today our elected officals have become nothing more than a person seeking public office, more concerned about winning favor or retaining power than about maintaining principles. They are propelled not by desire to serve their nation, instead by personal greed, by a consuming desire for power. They lack the wisdom of the world to make hard decisions based on princible, rather than greed. I cannot, nor should you,try to blame them, most of them spend a life time in a world where no one is a friend, you only help someone if they can help you, morals are a dangerous possession that ultimatly leave you as refuse in the sewer. These men run for office, promise us the world, telling us how they are going to give us the nile if we will give them just one little vote. We demand so little of these people, who we give so much. Politicians do not go to Washington to serve, they go to Washington because they want power, because they want a say in how things are done. They forget that they are no more important, no more powerful than the neighbors who elected them to the position they occupy. President Obama, is a politician, this case with Frisk Automotive is proof positive of that fact. Frisk Automotive is a company building electric cars, and backed by Venture Capitalist such as Former Vice President Al-Gore. Loaning this company money, money that he has no attachment to, helps push his green agenda, and help one of his past supporters, someone who shares his same beliefs. His greed, his wreaklessness blinded him to the truth. If he had looked at the facts of the situation, rather than just the sales pitch, he might have noticed that giving Kirsk over half a billion dollars was a bad choice. He could have found that they could not build the car here. He might have found that the Kirsk Karma costs $100,000 dollars, putting it out of the reach of most of the population of our country. He might have looked at the fact that the EPA MPGe numbers that are released on these Electric Cars do not adequatly discribe the amount of fossile fuels it takes to opperate an electric car vs a gas car. Multiply the MPGe number by .365 to get a more accurate number, when this is done the Karma’s 52e MPGe looks more like 19 MPGe making it worse than a Ford Explorer. President Obama choose to back this company out of political greed. Yes he might believe in green energy, his princibles might call for him to give our money to this company, but that does not mean he is acting as the founding fathers did. The founders would have made the hard decision, they would have looked at Frisk Automotive and sighed, then deny them the loan, because loaning that money to the company would not help the American People, or even advance their goals.  It is easy to make political decisions, it is hard to make the right decision.  President Obama has lived in the world of politics, he does not see it as service, but rather as his chance to “change” things, his lack of real world experince, his lack of desire to exist in the real world is what causes him to make these decisions. No executive would make a decission without first understanding the situation he was entering. Yes it might take a long time to get that money out, but isn’t taking a long time and making a good investment better than rushing, and wasting $529 million dollars of someone elses money?

606.) President Barack Obama’s bias is showing yet again. This time dealing with the Occupy Wall Street Protesters.  When the Tea Party first arose, he ignored it, then he down played it, then he mocked it, then he treated them as simpltons. He never once treated the TEA Party as people who should be listened to, he never treated them like they were concerned Americans, he respondended with mockery.  The Occupy Wall Street Protestors however, have meet understanding and compassion from the President. President Obama said in an ABC interview, “The most important thing we can do right now is those of us in leadership letting people know that we understand their struggles and we are on their side, and that we want to set up a system in which hard work, responsibility, doing what you’re supposed to do, is rewarded, and that people who are irresponsible, who are reckless, who don’t feel a sense of obligation to their communities and their companies and their workers that those folks aren’t rewarded.” I think the reason why the TEA Party is hated is because they questioned him. But that doesn’t make sense, especially when you consider the recent information released by the Wall Street Journal. It does not look good for the President according to the information the WSJ released, it appears as though 51% of these protestors do not approve of the Presidents job.  Maybe that is why he is reaching out and trying to tell them that he is listening, as opposed to how he treated the tea party. Maybe this is a sign of maturity, or growth from the President. He ignored the last populus movement that sprang up in the country and he and his party had their free reign under the sun cut short, maybe he is trying to avoid that this time. It is far more likely however that he is far more willing to support the Occupy Wall Street Protestors because they believe in the same things he believes in, the redistribution of wealth, blame others for your problems, big government.

607.) President Obama gave a stirring speech at the dedication of the Martian Luther King Jr. Monument in Washington. Of course President Obama did not want to waste this time to win over some browny points with the Occupy Wall Street Protesters. He said in regaurds to MLK “If he were alive today, I believe he would remind us that the unemployed worker can rightly challenge the excesses of Wall Street without demonizing all who work there; that the businessman can enter tough negotiations with his company’s union without vilifying the right to collectively bargain. He would want us to know we can argue fiercely about the proper size and role of government without questioning each other’s love for this country with the knowledge that in this democracy, government is no distant object but is rather an expression of our common commitments to one another. He would call on us to assume the best in each other rather than the worst, and challenge one another in ways that ultimately heal rather than wound.” It is obvious that this was directed to the movement that is sweeping the nation known as the Occupy Wall Street Protest.  Now I watch the speech live, and I thought it almost sounded like he was saying that MLK would support the OWS movement. I have to take a pause, and remind the President, and more importantly you my readers, that this movement is comprised of many people who are concerned with the way the nation is going, I am not going to say that they are evil, or shouldn’t have their voices heard, but I think we need to look at what we are dealing with here.  There have been many instances where this group has grown into something that I doubt MLK would support, I will give you what I have seen, and you can decide.

  • Recently the Nazi Party of the United State endorsed the OWS Movement, stating that they share a common enemy, juo capitalist banksters, From their leader “they are agains the same evil corrupted,degenerate, capitalist that we are against” in the same message to his party he said, “Judo-capitalist banksters who swindled the American Taxpayers out of a trillion dollars in the bail out scam and continue to oppress the working class?!?”
  • Occupy protesters in Portland sang the phrase “F!#$( the U.S.A.” over and over again, they had no other lyrics, just kept repeating the same phrase over and over again.
  • Occupy Chicago gave a rousing welcome to the communist Party U.S.A. now President Obama and many of the political left will say that MLK would not have a problem with this, however his own Niece disagrees with this belief.
  • When members of the Tea Party walked through the OWS crows they where curesd at and threatened.
  • there are videos of Wall Street PRotestors peeing on squad cars
  • I have seen many videos of bigots blaming the JEws for their problems, one such individual is known as the lotion man. (video here)
  • In a recent poll released by the Wall Street Journal 31% of the protestors in Zucotti park believe that violence is okay to advance their agenda.

I doubt that MLK would support this group. Again he might support some of the ideals, but the behavior of these individuals does not look like the behavior of the people who marched with MLK on Washington. It shocks me that  such a cheep political act like the linking movements, and bills that President Obama likes to something as improtant as the Civil Rights Movement, is accepted by the population of our great nation.

603.) California just passed its own Dream Act,  California is going above and beyond what the Federal Government allows, yet President Obama is not threating to take them to court. California is thumbing its nose at the laws of this nation, yet President Obama is not making firey speaches about California flaunting the Federal Governments laws.  For those of you who don’t know the Californian Dream Act allows criminal immigrants  to do the fallowing:
       a.) Any criminal immigrant who is accepted into state universities can recieve Cal-Grant Assistance, which provides money to low-income families to go to school. Last year the system provided an average of $4,500 a peice to 370,000 low income homes.
       b.) It allows students who are in the country without citizenship papers to get institutional grants while attending the University of California, and California State University systems.
       c.) Students without citizenship papers can get fee waivers in the California community college system.
       d.)  An additonal bill signed earlier by the governor gave criminal immigrants access to privatly funded scholarships and grants.
To qualify for this program a student must have arrived in this country before they were 16 years old, graduate from a California high school after attending school in state for at least three years. They must also show that they are in financial need, and must meet academic standards.
Well all of this is nice. Normally I leave things like this as a matter of states rights, if the tax payers of California want to pay for criminals to attend their schools, that is fine.  However, it is a violation of Federal Law to be in the country illegally, and California Schools, just like every state school system, recieves Federal Dollars, to help fund them.  So federal tax dollars,  tax payers from Ohio, Alaska, Florida, New Jearsy are paying to fund these schools, it is no longer an issue of state rights, the rest of the country is now involved.  
      Before we go into any more detail on the dream act we have to cover the basic facts. Whether you agree with it or not, coming into this country without the proper paper work, is against the law.  Is that law right, is it wrong, it does not mater, breaking the law is breaking the law, and there should be consequences. What California is doing is removing consequences for breaking that law, and replacing it with a reward.  Why not come to the United States illegally, they won’t throw you in jail, and they will give your kids a great education.
      Part of the Dream Act states that for illegals to be eligable to access all of these great grants and funds,  they must attend a Californian High School for three years. According to the website Ed-Data, 13% of the funding for the Californian K-12 program comes from the Federal Government.  13% sounds like a small ammount of money, but that works out to be about $8 billion dollars a year, given by the federal government to the State of California to help fund their education system. 
     So California is actually bypassing federal law, they are choosing not to enforce it, something they do not have the right to do, and allowing tax payer dollars to be used to encourage breaking the law. Yet President Obama is not taking them to court, but if you choose to ramp up enforcement of federal law, you get taken to jail.  Unlike Arizona, the Californian law was put before congress and it was shot down.  Why is California allowed to break the law, could it have anything to do with politics? California is blue, Arizona is red? Is President Obama just trying to appease a voter base, rather than do his job and enforce the law?  Unfortunatly it appears as though he is doing just that.

604.) President Obama has created a council to creat jobs in this country, we already know this, what we don’t know is who all is on it.  10 out of 27 members of the council are Obama Donners. These ten individuals gave President Obama $4,600 dollars in his 2008 campaign (the largest legal ammount). They have also continued to write him checks for his 2012 campaign. Three more individual, Mark Gallogy (co-founder of the Investment firm Centerbridge Partners), Penny Pritzker (President and CEO of Prizker Realty Group), and Robert Wolf (chairman of UBS Americans) are what are known as Bundlers, and together they have contributed, according to estimates provided by the Obama Campaign, as much as $2.7 million dollars to the 2008 and 2012 campaigns.  I would also like to add that Pritzker also served as the Chairwoman for President Obama’s campaign finance committe in 2008. Seven other members of the council also donated money to President Obama’s Presidential Campaign, Xerox CEO Ursula Burns, TIAA-CREF CEO Rodger Ferguson, MIT/Harvard Broad Institute director Eric Lander, Citigroup chairman Richard Parsons, Hooven-Dayton Corp. CEO Christopher Che, UC Berkeley professor Laura D’Andrea Tyson, attorney and Amazon.com/Google board member John Doerr, and Facebook COO Sheryl Sandberg. So 20 members of the Job’s Council are loyal fallowers of President Obama, are the ideas coming out of this “jobs council” going to really produce anything more than what we have heard in the past? I wonder if you could consider these people lobbiest, and if so, isn’t that a breach of PResidnet Obama’s promise of no lobbiest. I will leave this one up to you, but personally I think this is just more evidence of corruption in this half rotten administration.

605.) President Obama has been beating his war drum, trying to rally support for Stimulus II, I sorry, I meant to say the American Job’s Act.  The AP has released a fact check of President Obama, and lets just say that it is not favorable to the President’s push for the Job’s bill.
             a.) President Obama said October 4, “Now, this bill will prevent up to 280,000 teachers from losing their jobs. This bill will support almost 40,000 jobs right here in the great state of Texas. So here’s what I need you to do: Tell Congress to pass this bill and put teachers back in the classroom where they belong” 
                   Facts:  From 2008 to Present 294,000 people in schools teachers, administrators, support workers. So President Obama is saying that in the next year, so almost as many people are going to lose their jobs this year than in the last three, given his history with numbers I would hesitate to believe this. See President Obama used some funny math to get to this rather large number. The White House released a report called “Teacher’s Job’s at Risk”, where it was said that 280,000 jobs where at risk in the coming year. To get that number, the White House had to do some funny math. The adminstration first started with the state budget short falls, provided by the Center on Budget and Policy Priorities, then assumed that the cuts would be made evenly a cross the major budget catagories, and that the state would cut salaries in proportion to their share of the total spending for k-12 education. Then some formula was used to convert these numbers into  Even the libral Center on Budget and Policy Priorities, where President Obama got his data from, said in a report “it is not possible to calculate directly the additional loss of jobs resulting from state education budget cuts”.
             b.) President Barack Obama’s plan would invest over $30,000,000,000.00 (30 billion) dollars, focusing on districts with a high portion of the student population living in poverty. President Obama said, “will provide support for nearly 400,000 education jobs, enough for states to avoid harmful layoffs, rehire tens of thousands of teachers who lost their jobs over the past three years, preserve or extend the regular school day and school year, and support important after-school activities” .
                   Facts:  As President Obama found out after his first round of economic “stimulus” it is impossible to quantify how many jobs will be created or “saved” as a result of federal spending, which is probably why they stopped trying to with the porkulus bill.            

599.) As many of you know, recently it has come to light that the Federal Government was involved in a fiasco known as Fast and Furious. The Obama Administration has from day one tried to act as though they are not involved. Attorney General Eric Holder said to congress, under oath, that he had only found out about Operation Fast and Furious over “the last few weeks”. That was in May of 2011. However, the facts proove that this member of the Obama Administration is in fact lying.  CBS news discovered several high-level internal doj memo’s that were sent to Eric Holder starting in July of 2010.  Holder of course is trying to cover his tracks and is now saying that he knew about the program, just not the details. 

600.) Mrs. Obama took a trip to Africa over the summer, and The United States Air Force provided for this trip a C-32A (a modified 757). The total cost of opperating this aircraft to the United State Tax Payers was $424,142.  That is how much it costs to take Mrs. Obama and 20 other people to go on vacation to Africa. Oh, don’t forget the $928 for food. I would also like to point out that Mrs. Obama listed several of her family members as Senior Staffers.

601.) Recently there has been a large uproar surrounding the massive federal blunder involving giving porkulus money to Solyndra. The tax payers loaned Solyndra over $500 million dollars, the company couldn’t find a way with $500 million extra dollars to compete in the market and folded. The Wallstreet Journal just reported that dispite many finanical advisors warning President Obama that the company was still unstable, up until October 2010, President Obama was preparing to give Solyndra another $460 million dollar loan.

602.) President Obama is a man who stands for party, and Idealogy first. He tries to appear as though he is a centrist, as though he is willing to reach a crossed party lines. He tries to manipulate the facts to make it appear as though President Obama is trying to be reasonable and it is the evil Republicans that are holding up all progress and are voting against his policies because of party loyalty.  In his recent speech in Dallas Texas he called out Republicans for holding up his new stimulu… Jobs Bill. One comment he made was “Mr. Cantor should come down to Dallas and look Kim Russell in the eye and tell her why she does not deserve to be back in the classroom, doing what she loves-helping our kids. Come tell her students why they do not deserve to have their teacher back.  Come tell Dallas construction workers why they should be sitting idle instead of out there on the job.” So he is calling out GOP Majority leader Eric Cantor for not passing the jobs bill. Now it would seem like Republicans are holding things up because, unlike when he blamed them for holding up the Health Care Law, the Stimulus, and Cap and Trade,  Republicans do control a majority in the House. However When Senator Mitch McConnell called for a vote on the Presidents bill in the Senate,  it was Senate Majority Leader Harry Reid who derailed the effort to “pass this bill” Yet there was no chastising from the President for Harry Reids actions. Maybe it was because Senator Harry Reid decided that he wasn’t happy with how the bill was paid for, and wanted to add more taxes on top of what the bill called for. But it is still Republicans tell me why you won’t pass it, from President Obama.

598.) President Obama promised us that his Health Care law would save the people of our nation. Healthcare costs would stabilize, the poor would be insured, and the world would join hands and sing non-secular songs.  Well, the results of this great bill that the American People did not want, are not what President Obama had promised us. In 2008 healthcare premiums for an average family rose 5% to $12,680, in 2009 they rose 5%, in 2010 they only rose by 3%. Now some might get excited and say look the number went down, unfortunatly the majority of the law did not take affect until late in 2010, so its affects were not felt until this year. In 2011, premiums rose by 9%, so that it costs over $15,000  per family.(data comes from the Kaiser Family Foundation). Note the KFF says that only 2% of that gain is related to the affects of Obamacare. Even if the law is responsible for costs going up only 2%, it is still a failure. If that sounds bad, worse news looms on the horizon. In 2010, prior to the mandates taking affect many insurers warned that Obamacare could cause some premiums for some consumers to go up by as much as 30%. President Obama was quick to put down these claims as insurers puting out misimformation. Well if that is the case, there are a few more people in need of chastising. 
    a.) MIT Health Economist Johnathan Gruber, who says that in 2014 when most of the President Obama’s waivers expire 6 out of 10 consumers in Wisconsin’s individual market will see their premiums go up by an average of 31%. 
    b.) Actuarial Consulting Firm Milliman Inc. said that in Ohio the situation is much worse, people in the invidiual market will see their premiums go up by 55 to 88%. A health young man could see his premiums go up by as much as 130 percent. Even small business is hit, some small businesses could see their premiums go up 150%.

This doesn’t sound like good news, well I am sorry to say there is still worse news to come. A study from University of Minnesota economists Jean M. Abraham and Pinar Karaca-Mandic, estimated that what is known as the “medical loss ratio” rule could cause over 155,000 Americans who have costly medical conditions to be removed from their individual market coverage.

 

None of these things sound like a good thing, so thank you President Obama…. wait… I mean no thanks.