Democrats think they have a winner.  They want to lather on some more financial regulations because regulators dropped the ball on enforcing what already exists.  So as conservatives point out that what they are proposing is unnecessary or won’t work, they can gleefully say, “Republicans are for the fat cats, while we’re for the little guy.”

Broken Regulations

Harry Markopolos recognized within “minutes” that Bernie Madoff was a fraud.  He took his case to the SEC and was promptly ignored.  He took it to Forbes magazine…not interested.  Bernie Madoff himself was surprised how long it took to be found out. 

So what does the SEC do now?  It initiates a case against Goldman Sachs where professionals on both sides of a transaction knew what they were getting into.  One side bet on housing prices continuing to rise, the other betting the bubble would burst.  The decision on pursuing this was voted 3-2, with three Democrats voting in favor of pursuing the case, and two Republicans voting against.  It must be the Democrats looking out for the little guys and the Republicans looking out for evil Wall Street, right?

John Paulson is the investor who allegedly played unfairly by being able to choose the securities that went into the investment that Goldman Sachs allegedly didn’t disclose to the other party.  Mr. Paulson hasn’t been charged with anything.  Mr. Paulson also contributed $30,400 to the Democratic Senatorial Campaign Committee last June.  If you recall Jon Corzine, former Democratic Senator and Governor of New Jersey, used to be the chairman of Goldman Sachs.  The new head of the SEC enforcement division in the Obama Administration, Adam Storch, is a former Goldman Sachs Vice President.  So who’s in bed with Wall Street? 

Democrats Need a Diversion

With almost every measure of public opinion on government appointment sinking to all time lows, the Democrats need to ramp up the class warfare machine to find anything that will gain traction with the public.  They know they can’t fight on the facts so they have to start the fog machine.  Typical Saul Alinsky’s Rules for Radicals stuff.

Conservatives must focus the debate on the issues and not shrink from the fight.  It is far too easy to show that Big Government (Obama) and Big Business (GE, et al) are really partners in dividing up the spoils amongst themselves and telling the rest of us how to live our lives.

Remembering Reagan

Ronald Reagan famously said that the statists believe:

“If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

There is currently no more telling example of this than Senator Chuck Schumer bloviating about Spirit Air Lines charging passengers for carry on baggage.  He wants to introduce legislation prohibiting this.  Hey, Chuck, if you don’t like Spirit charging you for your carryon bags, pick another airline!  That’s how markets work.  But the genius that is Washington is, NO we have to regulate that!  So the idiots would pass a law prohibiting charging for carryon bags and the airlines will respond by raising ALL ticket prices to compensate.  So instead of my having a choice of carrying a bag on board or saving the money, or choosing another airline altogether, the government will make everything equal and more expensive.

So, Chuck, how are you and your pals doing as far as growing the economy and getting the unemployment rate down?   Maybe you should spend some time on that, no?

President Obama has just created a panel to figure out how to get our debt under control.  Even when he makes a decision, such as this one, it is to pass the buck to someone else to do the heavy lifting.  His attempt to overhaul health care turned into the Harry and Nancy Show.  Obama campaigned and gave speeches while Pelosi and Reid shut out the Republicans and created the bill that could not be passed.  Obama is now trying to put lipstick on that pig, by calling for a bipartisan meeting.  But instead of starting over and getting ideas from everyone, they are basically going to pick over the stinking corpse of the bill that the Democrats could not get passed.  It is obvious that the real objective is to either get some Republicans to sign on or to use the meeting as a club to beat the Republicans as the “party of No.”

Stop Me Before I Spend

This president can’t seem to control himself and he finds that he painted himself into a corner.  If he tries to raise taxes on those who make less than $250,000 per year he will be breaking a major campaign promise.  If he stops spending on his own, he will lose the left which is about the only support he has remaining.  So he calls in Alan Simpson and Erskine Bowles to co-chair a committee charged with making the president a tailor made fig leaf, to allow him to cut spending and raise taxes, while shrugging his shoulders and saying, “I can’t go against the excellent advice of this august commission.”

If he wants to cut spending, he can just cut spending.  He doesn’t need a commission to do so.  How about an across the board spending freeze, except for national defense, until the economy grows enough to balance the budget and not with gimmicks like increasing discretionary spending now 24% and then saying you will freeze that same spending for the next three years?  How about freezing government hiring?  How about returning $500 billion in unspent stimulus money and $400 billion in repaid TARP money, plus interest, to the Treasury?  Don’t hold your breath.  That would require someone with executive experience who knows how to make a decision, rather than deliberating, like a legislator.  Sarah Palin comes to mind, as does George Bush (I & II), Bill Clinton, Ronald Reagan.  These experienced executives knew how to put together a budget and make decisions.  Chris Christie in New Jersey was just sworn in last month as governor and he immediately identified the problem as too much spending and got to work cutting it back.  All that President Obama seems to know how to do is talk. 

If we start advertising now, we may get enough resumes to review to find a replacement by 2012.

“The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.” – New York Times, January 2, 2010

“The Treasury Department publicly maintains that its program is on track. “The program is meeting its intended goal of providing immediate relief to homeowners across the country,” a department spokeswoman, Meg Reilly, wrote in an e-mail message.” — same article, NYT

Hot on the heels of Janet Napolitano’s performance at the Department of Homeland Security, that things worked just swell and then, er, no it was a catastrophic failure, we have another example of this administration’s ineptitude.  Let’s not let the marketplace work by flushing out the bad loans, have banks face up to the reality of their bad lending decisions, allow housing prices to reach a market level, all in a reasonably short time, no, let’s get another massive, taxpayer funded program in place to gum up the works and drag this out for years. 

A Habit of Ignoring History

In 1929 Hoover mishandled the economy in a similar way bringing in the leaders of major industries and jawboning them to keep up production even in the face of falling demand so that jobs would not be lost.  The businesses went along until that policy hit their financial statements in the form of plunging profitability.  Stock prices fell sharply and more disastrous policies followed, first by Hoover and more by Roosevelt.

In 1920-21 there was a very steep and serious recession.  However, companies cut wages and government didn’t interfere.

“The annual unemployment rate peaked at 11.7 percent in 1921, but it had fallen to 6.7 percent by the following year, and was down to an incredible 2.4 percent by 1923,” Murphy writes. “That is how a market with flexible wages and prices quickly corrects itself after a Fed-induced inflationary boom.”

 

Roosevelt’s policies followed Hoovers’ with more and more government interference.  Throughout the Great Depression the programs didn’t work, government grew tremendously leaving us saddled with that legacy.  On the other hand Reagan in the 1980s pursued a policy of cutting taxes and shrinking government.  Roosevelt needed World War II to end the Great Depression, Reagan ushered in 25 years of unprecedented economic growth.  Which one does Obama choose to follow?  That’s right, Roosevelt.  Brilliant!

Inexperience on Full Display

President Obama rides into town with no executive experience, but with wondrous rhetorical skills and a hard left agenda.  He jams through a stimulus package that doesn’t stimulate.  His security policy is to undo everything that worked under Bush to keep us safe.  One of the first things Janet Napolitano does is  release a report saying that the real threat is from our returning military that might become right wing zealots,  Meanwhile Islamic terrorists, correct that, isolated extremists, continue to plot to kill us.  Now the New York Times points out that the Emperor’s mortgage program, Making Home Affordable, has no clothes.

“Whatever the merits of its plans, the administration has clearly failed to reverse the foreclosure crisis.” — NYT

When asked by a Congressional Oversight Panel what the administration was going to do in the face of this lasting not a year or two but for many years into the future, Treasury Secretary Tim Geithner said:

“What to do about it,” he said. “That’s a hard thing.” — NYT

Sounds like the seeds of another government program to fix the other government program.  Just like FDR did all through the 1930s.  Trying to stop the market with government programs is like trying to stop the tides.  You may divert it and you may end up with water in places you didn’t want it, but you are not going to stop it.

Who doesn’t love a freebie?  Who does not get a thrill of good fortune by finding money in the street, no matter how insignificant the amount?  We may not believe in the Tooth Fairy, but many of us believe we have a rich benevolent uncle, Uncle Sam, who is willing to lavish upon us his wealth if only we would ask.  The sad truth is that Uncle Sam is not rich, but penniless and is running a ponzi scheme that would make Bernie Madoff blush.

Health Care for $20

One of the major reasons that health care costs are rising out of control is that no one is minding the store.  While Washington twists itself in knots to rearrange deck chairs on the Titanic of health care, we have little to no say in how our health care dollars are spent.  Our health care “insurance” system is not really insurance.  Insurance is meant to protect us from a financial catastrophe.  Going to the doctor for a checkup is not a catastrophe.  Paying a $20 co-pay for that checkup is like finding money on the street.  There is no way anyone can get a physical exam, except by a hooker, for $20.  It is a good idea to get a physical checkup every year?  Yes, then pay the bill and ask what you are paying for and make sure you need it.  You take your car in for service don’t you?  Do you file an insurance claim when you do?  Can you get it done for $20.  Let’s get real.  What we have is called third party payer and when someone else is picking up the tab, do we care what it costs?  Really?  But someone is picking up the tab.  Look in your other pocket, because you are.  If you are generally healthy and you get your annual checkup, your insurance premium (here in New York at least) will probably run around $10,000 per year.  But, hey, you only paid $20 for that physical!  What if you paid the full amount for the physical, say, $500.  What if your insurance premium was cut to $5,000 because you would pay most routine medical costs out of your pocket and what if you could put the $4,500 left over ($10,000 original premium, minus $5,000 current premium, minus $500 cost of checkup), into a tax free account that can be used for future medical expenses or retirement if you don’t use it?  If you are a young person and stay healthy into your mid-40s, you would have accumulated over $90,000 in your medical savings account and you still have catastrophic insurance coverage and the government stays out of the picture.

Retirement for Free

Like many well intentioned Government programs, Social Security, enacted during the Great Depression, seemed like a good idea at the time.  When enacted there was about 15 workers paying in for each recipient drawing out.  Today there are about a little over 3 workers paying in for each beneficiary.  Bernie Madoff would blush at the audacity of it.  On top of that the money that is paid into Social Security can only be “invested” in Treasury Securities so the return is lousy, but safe.  People reacted to Social Security by saving less because the government safety net was there.  Had people been encouraged to save for their own retirement, they would not be leaving their children this legacy of a ticking time bomb.  So today, many young people feel the government’s hand in their pocket when they look at the FICA line on their pay stub, but don’t believe they will ever get a penny back.  Nice concept.

Bring Home the Bacon!

What’s the measure of a good Congressman or Senator?  Bringing home pork for the district, no?  If you are like me, you get flyers every year or several times per year, touting how Congresswoman Jones obtained federal funding for that pier at the amusement park.  With 435 Congressmen you can count on this, for each $1 that your Representative brings home $434 leaves the Treasury for each of the other Congressional districts and probably more, depending on the power and seniority of your Representative.  Guess who’s paying for that Turtle Crossing in Florida?  that bridge to nowhere in Alaska? that airport in Johnstown, PA that no one uses?  That’s right, you are.  What if we decided locally if we really needed a pier at the amusement park, and if we did, pay for it ourselves?  Then we could let the people of Florida decide if they want to build a turtle crossing, the people of Alaska decide if they wanted a bridge to nowhere and the people of Pennsylvania decide if they wanted an airport that no one used.  Then we could cut federal taxes by an equal amount to keep them out of mischief and help us pay for these projects if we really wanted them.

Let’s Get Organized

There was a time in our history where labor unions performed a valuable service.  In those times when many industrial jobs were unskilled or semi-skilled, employers could dismiss someone on a whim and replace them within the hour.  Unions gave those workers some counterbalancing power and fairer treatment.  Today, we have a much more sophisticated economy and workers have more skills and mobility.  Union membership has declined accordingly, in the private sector at least.  Why is union membership still growing in the public sector?  What is different about workers in the public sector that they still need unions?  Are we suggesting that all government workers are unskilled?  Why do teachers need a union?  Are they not skilled such that they could sell their services to the highest bidder?  Why do unions fight merit pay for teachers?  Why are school principals, the de facto CEO of the school and who in New York easily make six figures, unionized?  Do you get an idea why our K-12 public school system is trailing the world in performance?

In Michigan, privately owned small businesses that provided day-care services suddenly discovered that they were part of a union and union dues were being withheld from their government contractual payments.

Ms. Berry owns her own business—yet the Michigan Department of Human Services claims she is a government employee and union member. The agency thus withholds union dues from the child-care subsidies it sends to her on behalf of her low-income clients. Those dues are funneled to a public-employee union that claims to represent her. The situation is crazy—and it’s happening elsewhere in the country.

Ms. Berry, runs “The Berry Patch” a private day care center she operates from her home catering to low income clients.  The money that was once paid to her, now goes to a union that does little for her.  She is “self employed and wants nothing to do with the union.”  Don’t you think we need more of these tactics in America?  Card Check anyone?

Going Postal

And let’s not forget the Postal Service.  As postal rates are again scheduled to increase on January 4, let’s look at this paragon of efficiency, that is actually authorized by the Constitution.  In 2008, the Postal Service lost $3 billion, and the Postmaster General John Potter pulled down $800,000 in compensation including $135,000 in incentive bonuses.  What do we have to pay this guy if he actually breaks even?  Also, let us not forget this is also a very heavily unionized operation.

Don’t Worry, You Won’t Feel a Thing

During World War II, FDR needed to raise more revenue to pay for the war.  Fearing a backlash, his team hit upon the idea of payroll withholding.  Knowing the potential backlash that would result when taxpayers had to write that big check on April 15th, he rightly figured that if he took a little bit each week, he could take a lot more in total.  Statists in Washington have never looked back.  It’s like the tax that was imposed on telephone service to pay for the Spanish American War that is still in place today.  Instead of picking our pockets every week, what do you think most Americans would say about the size of the federal government if they had to write one big check on April 15th?  There would be no tax rebates, because there would be no tax withheld.  Do you think Americans would force Congress to sharpen their pencils and scale back the size of government?

Help is On the Way

Ronald Reagan said, “The nine most terrifying words in the English language are, ‘I’m from the government and I’m here to help!’”  But perhaps the best example of how far from our founding principles our government has strayed comes from Congresswoman Rosa DeLauro of Connecticut as she spoke during a House End of Year Wrap Up Session:

“This House–we understand, we’re there,” she said.  “You can count on us because we believe that it’s our moral responsibility to make sure that you and your family need our help.” 

I don’t know about you, but I don’t need the House of Representatives making sure I need their help.  I need as little interference as possible from them.  Their meddlesome intrusions in our lives is killing what made this country great.  It is a point we cannot make often enough.

Today Barack Obama received his Nobel Peace Prize in Norway for his accomplishments in the area of …..?  Well, nothing actually.  It was called anticipatory, in other words, he got the prize for what they hoped he would accomplish.  There’s that hope thing again.  I hope he stops burying this country in debt.

TR and Woodrow Wilson

In some puzzling way, President Obama’s acolytes like to make comparisons to two other presidents who won the Nobel Peace prize.  But they actually accomplished something or introduced a concept that eventually prevailed.  In 1905, Teddy Roosevelt successfully negotiated the end of the Russo-Japanese War, and that peace actually stuck.  Woodrow Wilson created the League of Nations which, although it failed survive, it was the forerunner of the United Nations.  Gentlemen, take a bow.  As for President Obama, I guess we’ll have to keep holding our breath and hoping.

Damaged Goods

However noble, the Nobel Peace Prize might have been, it has been reduced to a sad joke.  Let’s look at some past recipients:

• 2007 – Al Gore and the Intergovernmental Panel on Climate Change (IPCC).  Al Gore won the Peace prize for his deeply flawed documentary, which by the way two members of the Academy of Motion Picture Arts and Sciences have called for him to return the Oscars he won  for the same film.  He didn’t win the Nobel Prize in Physics or Chemistry.  Meanwhile the IPCC is embroiled in the midst of Climategate. Who lost out to these two?  A woman who smuggled approximately 2,500 Jews, mostly small children, out of the Warsaw ghetto before the Nazi’s could exterminate them.
• 2005 – Mohamed El Baradei and the International Atomic Energy Agency (IAEA) “for their efforts to prevent nuclear energy from being used for military purposes and to ensure that nuclear energy for peaceful purposes is used in the safest possible way” .  While investigating Iran El Baradei “opposed the publication of a secret report generated by his own agency, one which indicated Iran was using its civilian program as a cover to make weapons. And why did he oppose publication?” {more}  Do you feel blissfully peaceful now when you ponder Iran?
• 2002 – Jimmy Carter – “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development”.  Well he must have gotten tired as he mused about how any opposition to President Obama’s policies being racially motivated for the most part.
• 2001 – The United Nations and Kofi Annan – for their work for a better organized and more peaceful world.  It seems they wanted to wait until the UN was nearly irrelevant in world affairs and Kofi Annan’s son was ripping off the UN’s Oil for Food program.  Hmmm, that must have come from the “better organized” part.
• 1994 – Yassir Arafat, Shimon Peres, and Yitzhak Rabin – for their efforts to create peace in the Middle East. How’s that working out?

Notably Absent

So where are the Nobel Peace prizes for Ronald Reagan and George H. W. Bush, for ending the Cold War without firing a shot?  That wasn’t just peaceful that was miraculous.  But then again, they were conservatives and therefore they don’t qualify for the Nobel Peace Prize.

If you live in New York, you will regularly hear the admonition, “If you see something, say something.”  The idea being that the more people who are on the lookout for solitary packages in a crowded railway station, people behaving erratically, and reporting it, the safer we will be.  Makes sense.  Just be careful not to malign any followers of Islam.  What?

In addition to that public service message you also hear other stories in the news.  A Muslim cab driver refuses to pick up a fare because they are carrying a recent purchase from a liquor store.  The cab driver’s religion is against drinking.  At a public university in Minnesota a coffee cart is prohibited from playing Christmas carols, but public funds are used to construct foot baths so that Muslims can properly prepare for prayer.  At an airport, security personnel cannot ask someone in line to step out for a closer search because they already pulled out two other Muslim young men and they didn’t want to be accused of racial profiling.

The Facts, Ma’am, Just the Facts

Joe Friday, where are you when we need you?  The fictional detective was obsessive in sticking to the facts.  Fact: not all Muslims are terrorists.  Fact:  almost all terrorists you see in the news are Muslims.  So if you are on the lookout for terrorists, who should you look at? eighty year old Italian grandmothers or Middle Eastern men between the ages of 20-40?

Fort Hood

People around Major Nidal Malik Hasan, saw something and said something and were basically told…SHUT UP! Apparently diversity is more precious than human life.  Taking extreme care not to offend, trumps taking steps to prevent a massacre.  There appears to have been abundant evidence that Hasan was ticking time bomb and some spoke out about it, but our sensitivities to giving offence have turned reason inside out.

We have a sub-group of a religion who actively advocate killing all non-members, that is, infidels, and we are scared to death of offending them.  Our liberal friends go out of their way to demand we all accommodate them.  We can criticize all religions but theirs; we can have dress codes, but must make allowances for their dress; if their religion allows a parent to kill a child for converting to Christianity, we must not interfere, but if a non-Muslim parent neglects to buckle a child into a car seat for a quarter mile journey to the grocery store, bring them up on charges of child neglect.

Jumping to Conclusions

Our Commander-in-Chief cautions us not to rush to judgment by calling this an act of terrorism.  Wasn’t this the same Commander-in-Chief who spoke from the White House calling a certain police department in Cambridge, Massachusetts stupid without a clue about what happened.

Political correctness, multiculturalism, an emasculated fourth estate, President Obama’s worldwide apology tour, strong arming a small Central American country, Honduras, because they followed their constitution and instead calling it a coup, all point to an embarrassing campaign by the left to drag down our country. 

Please don’t try to make us like the rest of the world.  We are greater than that.  If you prefer the way the rest of the world behaves, move there.  Don’t try to make the shining city on the hill, a city run amok. 

It’s simple really. If the world really believed that America is such a terrible place, why do we have an immigration problem?  Why do our universities teem with foreign students?  Why, whenever there is a flare-up in the world, do all eyes turn to the good old USA to see what we are going to do about it?  Where’s Ronald Reagan when you need him?

When Ronald Reagan left office it was more than “Morning in America.”  The Cold War was on its death bed.  The economy was booming, and there was optimism everywhere.  Why?  Because Ronald Reagan didn’t see the government as the solution but part of the problem.

There is a story from World War II where the Germans successfully attacked an airfield wiping out many American planes on the ground.  When they came back to do a reconnaissance check, they saw that all the planes had been replaced.  They knew at that point they could never win the war when the American economy, not just the military was lined up against them.

How did Reagan win the Cold War without firing a shot?  Not by negotiating for more arms reductions, but by building up our military.  He understood that the planned economy of the Soviets could not possibly keep up with the free market American economy.  They were broke and an arms race was not possible to win.

Then and Now

Where are we today?  President Obama and his administration are piling more debt on us than at any time in history.  His is attacking the most productive in our society as the means to pay for all his plans.  How long will they put up with it?  He is trying to expand government to unprecedented size.  Meanwhile the Chinese Communists are instituting free market reforms and buying up our debt.  It is not hard to see at some future date the Chinese Communists doing to us what Reagan did to the Soviets.  The Chinese economy is growing strongly, and the Obama Administration is crippling our ability to respond to a Chinese threat of an arms race, with overwhelming debt.  His focus may look like it’s domestic, but it carries a dangerous national security component.  National security is explicit in the Constitution.  Everything that Obama is reaching for is under the cloudy authorization of “the General Welfare” under Article I, Section 8 of the Constitution.  We need to get back to the explicit responsibilities of the federal government enumerated in the Constitution and leave everything else to the states and the people as the Tenth Amendment tells us.

Chavez, Castro, et al, were cheering on their protege, Manuel Zalaya to make himself president for life and impose their same style of dictatorship on the people of Honduras.  Zalaya is term limited, but tried to push through a referendum to amend the constitution to lift that restriction.  That is against the law in Honduras.

Zalaya had his minions break into a facility that held the confiscated referendum ballots.  The Honduran Supreme Court declared that he had broken the law, the military captured Zalaya and sent him out of the country.  The cry throughout the region was that this was a coup removing Zalaya, but no one is saying where the Honduran Congress or Supreme Court did not follow their own laws, and show that Zalaya was not violating the same.

To Meddle or Not To Meddle?

The Obama administration was oddly silent when democracy was trying to break out in Iran, but spoke out against the laws being followed in Honduras.  Now as Zalaya plays provocative games on the border, it appears the Obama administration is negotiating with the Honduran military for the return of Zalaya to power:

The communiqué was drafted in Washington after days of talks between mid-level Honduran officers and American Congressional aides.  — NY Times, July 26, 2009

The communique it appears, indicates that the military would not stand in the way of Zalaya’s return.  Is this not meddling?  Left wing forces in the regions are trying to create another dictatorship like Venezuela and Cuba, the laws in Honduras are followed that prevent this, and the Obama administration weighs in on the side of the leftists.

There may not be a coup in Honduras, but we may be backing a socialist revolution.  We have come a long way from Ronald Reagan winning the Cold War and freeing Eastern Europe.

Obama's Sales Pitch for the Stimulus Bill

The latest unemployment numbers are in and you can forgive the fervent Obama supporters for having buyer’s remorse. The main stream media, that he holds in the palm of his hand, is playing down the darkening employment picture, focusing instead on the silver lining that it’s getting worse at a slower rate.  The jobless rate hit the highest level it has been since February 1983, hitting 9.4%.  The good news is that we only lost 345,000 jobs last month.  Here is how the spin-master puts lipstick on this pig, or should I say, pork?

“In these last few months, the American Recovery and Reinvestment Act has saved or created nearly 150,000 jobs,” Obama said, touting spending on alternative energy, keeping teachers and police officers in work and small businesses. — Las Vegas, May 27, 2009

There is one small problem with this statement as pointed out by Karl Rove in the Wall Street Journal

As my former White House deputy press secretary Tony Fratto points out on his blog, the Labor Department does not and cannot collect data on “jobs saved.” So the Obama administration is asking that we accept its “clairvoyant ability to estimate,” and the White House press corps has let Mr. Obama’s ludicrous claim go virtually unchallenged.

So if the Labor Department, the keeper of the unemployment statistics, cannot collect data on jobs saved, where does President Obama get his figure that he saved 150,000 jobs?  We can only assume it is an outright fabrication, unless he can tell us otherwise.  Will we start hearing a chant “Obama lied, our future died”? Not likely from the obsequious press.

Buyer’s Remorse

In pressing for his pork filled stimulus package, Obama insisted that it was necessary, it was needed immediately, if not sooner, and if we didn’t do it, it would turn crisis into catastrophe.  I direct your attention to the graph above.  This graph was included in the stimulus package to point out that in the absence of the stimulus package the unemployment rate would rise to 9% by the middle of 2010.  However, get behind the stimulus plan and voila, the unemployment will top out at a mere 8% in the third quarter of 2009 and you get all of this for a mere $787 billion.

As conservatives pointed out at the time this made no sense, since the bulk of the stimulus spending, chock full of pork, would not be spent until 2011 and beyond.  As of today, less than 10% of the money has been spent, and the unemployment rate has past both the peak Obama sold to the American people, as well as what he predicted would happen without the stimulus.

Of course the statists will roll out their tired old argument that it wasn’t enough.  With every government program that fails they always tell us we didn’t spend enough…if we only spent enough…

Look back to February 1983, the last time the unemployment rate was this high, and what we see is Ronald Reagan in charge.  His solution was to cut taxes, cut spending, and reduce the size of government.  Today, President Obama’s plan is just the opposite.  It is to raise taxes on the most productive among us, spend our money like it has never been spent before, grow government without bound, and lay the burden of paying for it on generations to come.  We do know this, Reagan’s plan worked, ushering in the longest peacetime expansion in history.  Are we to believe that doing the exact opposite will also work, or work even better?

The slowing of the job losses and the advance of the stock market foretell that our economy is starting to turn of its own accord, as little of the stimulus has taken effect.  Conservatives said to get out of the way, reduce the tax burden and the economy will recover on its own.  The statists said no, now is the time to advance our agenda and our power grab.  Take advantage of the crisis.

Interest rates are starting to climb as massive government borrowing crowds out private borrowing.  The flooding of dollars into the economy is starting trigger inflation as can be seen in the increase in oil prices.  With Reagan, the best was yet to come, since Obama has chosen the exact opposite path, we can only fear for the future, when his programs take full effect.  As can be seen by the chart above, their plan is already way off course and with the massive inexperience of Obama and his team, how much confidence do you have that they can find their way back?

How much time do we have left before Joe Biden’s prophesy comes true that within six months of taking office Obama, and by extension we, will face an international crisis?  Well, unless you haven’t been paying attention, I think he will hit his mark before his 100 days are up.

Obama and Biden and the rest of their supporters have confused the difference between being liked and being respected.  Daniel Patrick Moynihan, while ambassador to the UN called the world, “A Dangerous Place.”  When trying to be a leader in a world that is dangerous, it is far better to be respected than liked.

The Obama Feel Good Tour

As President Obama tours the world and grovels at the feet of the Europeans, the Saudis, and Latin American dictators, trying to “repair the damage,” done by President Bush, our enemies are licking their chops.  The Europeans flocked to see him, touch him, kiss him, but when he asked for a commitment of more troops for Afghanistan, how did they respond?  Awkward silence and an offer of 5,000 troops to train police while at the same time an insistence that the “world” should have some say in the regulation of the U.S. economy.

While President Obama achieved his goal of improving the U.S.’s likability quotient, pirates were taking ships on the high seas, North Korea sent an ICBM over Japan, Iran celebrated Nuclear Technology Day, and the Taliban made inroads in Pakistan.  How did the popular leader respond?  To North Korea, he scolded that actions have consequences and words have meaning and proposed more words from the UN to be piled on top of the words the North Koreans are already ignoring.

Disarmament

To continue with the feel good groove, we have stopped calling terrorists terrorists.  Their acts are now to be called Man Caused Disasters and I guess the terrorists themselves are to be called Man Caused Disaster Causing Men (or Women).  After all, we don’t want them to be offended by being called terrorists.  Isn’t that was caused 9/11?  It was merely a response to our bad behavior, no?  Our lack of likability?

There is no longer a War on Terror.  It’s an Overseas Contingency Operation.  We don’t want to raise Osama bin Laden’s sensibilities thinking we might be at war with him, but we do need contingency planning in case something happens.  As a further show of good faith, let’s start re-writing the Al Qaeda training manual for them by telling them exactly what kind of interrogation techniques we use so that they can best prepare the training of their members to resist them.  Of course, we already swore we would never use them again anyway, but we have to make sure they are prepared for the infidel’s trickery.  Repeat after me: “I am not going to drown.  I am not going to drown.  I am not going to drown.”  There, it’s simple, now they can resist even our most diabolical torture.  But we shouldn’t forget to tell them that if an interrogator so much as raises his voice they should do the following:

1. Ask for a lawyer
2. Insist on having their Miranda rights given to them in both English (so their lawyers can verify it) and in their native tongue
3. A clean, untouched by infidels hands, copy of the Koran
4. Immediate transport to the United States
5. A green card
6. A path to citizenship
7. A tenured professorship at the college of their choice

If that doesn’t get them to lay down their arms, what will?

Respect Not Likability

The only time the United States is both respected and liked is when the bullets are flying and the United States is saving the hides of our new friends.  When the shooting stops or it is confined to a theater far away from the talkers, the United States will be disliked but, however begrudgingly, respected.

Ronald W. Reagan may have been liked personally in private but when the klieg lights were on, he was “an amiable dunce,” and  “a cowboy.”  But Reagan stood firm and put Pershing II missiles in Europe against all protests.  Such steadfastness led to the eventual arms negotiations and winning the cold war.  At the moment President Reagan took the oath of office, the Ayatollahs in Iran released the American hostages they held for 444 days.  They respected that Reagan would act, not just talk.

George W. Bush was not liked.  He was another cowboy, one who was inarticulate to boot.  But he was respected.  After 9/11 the world respected that he would hunt down and kill America’s enemies.  After the Iraq invasion, Libya publicly shut down their nuclear program.  Quadaffi didn’t want to be next.  President Bush kept America safe for seven years after 9/11.  Now, this Congress and this President want set aside over 200 years of precedent and to put them on trial for doing that.

Preparing for Our Enemies

President Obama plans to keep America secure by cutting our defense budget by 25%.  He plans on a staggering increase in our national debt and selling it to the Chinese.  Picture the Chinese doing to the USA what Obama did to General Motors.  Can you just see the head of the Chinese Communist Party saying to Obama, “Well, we own you now.  You’re fired.”

Can this Juggernaut be Stopped?

On April 15th over 1 million people gathered at Tea Parties around the country to protest the growth of government, the taking of our liberty and out of control taxes.  The Obama main stream media largely ignored the event, or willfully disparaged it.

A recent Rasmussen poll, “85% of mainstream Americans say the government has too much money and power, just 2% of the political class agree.”  If they have no bread, let them eat cake! The poll went on to say, “51% of Americans have a favorable view of the Tea Parties but the political class strongly disagrees.” {emphasis added}  How more out of touch with the people can they be?  How more arrogant in their shameless grab for power can they be?

I will end this post, my friends, with a quotation from the Declaration of Independence.

“WE hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain inalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness — That to secure these Rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed, that whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it, and to institute new Government, laying its Foundation on such Principles, and organizing its Powers in such Form, as to them shall seem most likely to effect their Safety and Happiness.”

July 4, 1776

I hope to see you at the Tea Party on July 4, 2009