We try so many analogies and metaphors to try to establish the enormity of the Federal Budget and ominous deficit. However, given the horrible inefficiency of government spending, how much money is wasted on overhead, and how little actually is spent on producing tangible results, all of it should make every taxpayer and concerned citizen intensely angry, but now get this, the government now projects that it will be borrowing 46 cents for every dollar it spends. That’s darned close to half of every dollar being a dip deeper into the deficit which will burden future generations for an indeterminate future but in the meantime, look at who is buying up our debt, the red Chinese and Saudi Arabians, hardly the kind of sympathetic sources who have our interests at heart. \\
Any contention from the Obama administration or leaders on Capitol Hill to control the growth of government is a bold faced lie. Their fundamental political philosophy is one that seeks bigger government playing a larger, more obtrusive, more restrictive roll in the lives of every individual and the operation of all private enterprises. However, the more money tied up in government activity reduces the amount of money left for the private sector to do the kinds of things that help us earn a living and create opportunities for the future through economic growth, innovations in technology, and better methods and techniques for production and delivering services.
Never expect an honest answer from a criminal about the crime he commits. Likewise, do not trust those who are robbing us and our future blind in Washington to do the same. Forget about the mess Obama inherited from the administration of George W. Bush. Yes, true fiscal conservatives and those who believe in fiscal responsibility can point to some lavish expenditures from the last administration, but though the budget was essentially balanced when Bush was elected, the country was in a mild recession, and quickly after 9/11 we were at war. The war expenses alone put a strain on any hopes of balancing the budget.
Another myth was that Bush officials were asleep at the wheel while the pieces of the nation’s economic collapse were falling into place. Yes, they could have done more. Perhaps their biggest mistake was not going public in a loud and forceful manner with some of the concerns they raised as early as 2002 about problems with lending practices new regulations allowed Fannie Mae and Freddie Mac to exploit. The runaway issuance of high risk unsecured mortgages and how those loans were bundled as sellable commodities in the financial markets are at the center of the financial industry’s collapse. Once the cost of day-to-day life went up with higher fuel costs taking money out of the economy for other activities and straining budgets making individuals more likely to get behind on their obligations, the whole backbone of the economy unraveled too quickly for any response to be effective. The struggling auto industry suffering from stiff competition and the burden of legacy costs skyrocketing from higher health insurance premiums for not just current employees but as benefits assured retired workers, General Motors and Chrysler, two companies with bulky, unresponsive business models to begin with became way too strung out on their financial obligations to handle their day-to-day operating costs. Other weak businesses faltered too.
Sadly, the headline 46 cents of every dollar spent reveals just how counterproductive any effort the government makes to right the economy truly is. Instead of promoting a culture of opportunities on all levels, the government is tightening the noose tighter and tighter making those with the potential to invest in existing businesses and start new ones function in much more of a defensive posture rather than proactive pro-growth stance. While the administration claims to be simply tightening loopholes companies exploit with foreign investments and activities that haven’t resulted in tax income to Washington, DC, once again the socialist sympathies of the Obama administration are creating a negative impression of what corporations need to be players in the international economy. Fundamental logic is that the more the government restricts companies with international interests in doing business in this country, the more those companies will abandon as much of their efforts as possible to the least restrictive and most profitable environment elsewhere.
The Obama administration fails to understand very basic facts. The best thing the government can do is to eliminate everything it can to make doing business in the United States more profitable and less expensive. The administration is doing the exact opposite on every level from tying up more and more of America’s wealth in the government while restricting and taxing what’s left for the private sector to work its magic.
Economies grow on the success of competitive companies that produce quality products more economically and at higher quality than their competition. Quality companies are on the cutting edge of rolling out new products and devising new production techniques and best business practices to lead their industries. Poor performers do not attract legitimate business and either show improvement improve, have assets that are valuable to successful companies who might find acquiring them useful, or they go out of business.
Chrysler Corporation has some good products and high quality production facilities, but in a truly free enterprise economy they don’t make the cut and probably deserve to fail. General Motors is a more complicated story. The bottom line is they are as much victim of their own poor business decisions and products as anything their competition has done to beat them. Their failure opened the door which other companies came rushing through. The thought that the Federal government, Fiat, and the labor unions with all kinds of special concessions specifically put in place to avoid established impartial bankruptcy law does not bode well for success. We are justifiably scared when the White House fires GM’s top exec. Likewise, the constant juggling and shifting requirements brought on by government involvement attempting to resolve problems in the banking and finance industry are even more difficult to sort out. Much of the initial damage came from what Bush’s treasury secretary Paulsen devised in dealing with troubled assets, but once again, the Obama response amounts to dosing a fire with gasoline to contain the damage. Profitable banks being forced to accept loans so the troubled banks might avoid detection is simply horrible policy as no one, even a recipient who doesn’t need the loan, escapes the strings, as into massive intrusion into company operation and expenditures, which completely turn all company affairs topsy-turvy.
This same logic extends to financial stimulus money targeted to states whether they stated a need or asked for assistance. Certain entitlement programs and other activities are so valuable to the Obama administration and the Democrats on Capitol Hill money has been allocated to all states to use for bringing their programs in line with the government’s master design or else. Where governors refuse the government funds, the Federal government in turn pushes the matter to the state legislatures to overturn the governors’ decisions many designed to keep the state from commitments it cannot sustain in the long run. Just as the Obama economic vision meddles with business, it is likewise creating financial mandates that would then become built-in fixed permanent expenses states must address before dealing with the myriad of issues particular to each state. Once again, the supreme power of the Federal government means less freedom and flexibility for states to manage their own affairs.
Highly regulated, authority centered, centralized governments are doomed for failure. Eventually, they collapse under their own weight and inefficiency. The Soviet Union was developed to lead to a socialist utopia but in practice communism became one of the most oppressive, wicked governments in the history of human civilization. Whether studying Vladimir Lenin’s or Barack Obama’s philosophy, once fully unmasked one is left with the basic assumptions on which the Communist Manifesto of Karl Marx and Frederick Engels was founded. The belief that class struggle is at the heart of all politics and that private ownership and the profit motive are evil and oppressive are easy to identify in Obama’s politics as is his appeal and the support he receives from organized labor and corrupt tools of political insurrection like ACORN.
46 cents lent for every dollar spent is the tip of the iceberg for the greatest threat to American democracy since nuclear weapons on a hair trigger were aimed at our cities, ports, defenses, and production facilities. The collapse of great civilizations through the ages generally were caused by cancers growing from within than threats from abroad that the Obama administration is so quick to minimize as the real war versus terrorism has been reduced to an overseas contingency operation.
Our country is at war, yet the administration isn’t even clear on whom we combating. Our economy faces serious difficulties that only the forces of the economy itself, private businesses and individual effort, can solve. The government is running interference or is horribly confused on every level.
We need clear priorities focused on the true responsibilities of the Federal government. The national defense is job one. Its roll in the economy is oversight and regulation, not direct involvement. Instead its spending money on everything from skateboard parks to feeding acorn. 46 cents of every dollar spent is borrowed. Take it from there.
Any contention from the Obama administration or leaders on Capitol Hill to control the growth of government is a bold faced lie. Their fundamental political philosophy is one that seeks bigger government playing a larger, more obtrusive, more restrictive roll in the lives of every individual and the operation of all private enterprises. However, the more money tied up in government activity reduces the amount of money left for the private sector to do the kinds of things that help us earn a living and create opportunities for the future through economic growth, innovations in technology, and better methods and techniques for production and delivering services.
Never expect an honest answer from a criminal about the crime he commits. Likewise, do not trust those who are robbing us and our future blind in Washington to do the same. Forget about the mess Obama inherited from the administration of George W. Bush. Yes, true fiscal conservatives and those who believe in fiscal responsibility can point to some lavish expenditures from the last administration, but though the budget was essentially balanced when Bush was elected, the country was in a mild recession, and quickly after 9/11 we were at war. The war expenses alone put a strain on any hopes of balancing the budget.
Another myth was that Bush officials were asleep at the wheel while the pieces of the nation’s economic collapse were falling into place. Yes, they could have done more. Perhaps their biggest mistake was not going public in a loud and forceful manner with some of the concerns they raised as early as 2002 about problems with lending practices new regulations allowed Fannie Mae and Freddie Mac to exploit. The runaway issuance of high risk unsecured mortgages and how those loans were bundled as sellable commodities in the financial markets are at the center of the financial industry’s collapse. Once the cost of day-to-day life went up with higher fuel costs taking money out of the economy for other activities and straining budgets making individuals more likely to get behind on their obligations, the whole backbone of the economy unraveled too quickly for any response to be effective. The struggling auto industry suffering from stiff competition and the burden of legacy costs skyrocketing from higher health insurance premiums for not just current employees but as benefits assured retired workers, General Motors and Chrysler, two companies with bulky, unresponsive business models to begin with became way too strung out on their financial obligations to handle their day-to-day operating costs. Other weak businesses faltered too.
Sadly, the headline 46 cents of every dollar spent reveals just how counterproductive any effort the government makes to right the economy truly is. Instead of promoting a culture of opportunities on all levels, the government is tightening the noose tighter and tighter making those with the potential to invest in existing businesses and start new ones function in much more of a defensive posture rather than proactive pro-growth stance. While the administration claims to be simply tightening loopholes companies exploit with foreign investments and activities that haven’t resulted in tax income to Washington, DC, once again the socialist sympathies of the Obama administration are creating a negative impression of what corporations need to be players in the international economy. Fundamental logic is that the more the government restricts companies with international interests in doing business in this country, the more those companies will abandon as much of their efforts as possible to the least restrictive and most profitable environment elsewhere.
The Obama administration fails to understand very basic facts. The best thing the government can do is to eliminate everything it can to make doing business in the United States more profitable and less expensive. The administration is doing the exact opposite on every level from tying up more and more of America’s wealth in the government while restricting and taxing what’s left for the private sector to work its magic.
Economies grow on the success of competitive companies that produce quality products more economically and at higher quality than their competition. Quality companies are on the cutting edge of rolling out new products and devising new production techniques and best business practices to lead their industries. Poor performers do not attract legitimate business and either show improvement improve, have assets that are valuable to successful companies who might find acquiring them useful, or they go out of business.
Chrysler Corporation has some good products and high quality production facilities, but in a truly free enterprise economy they don’t make the cut and probably deserve to fail. General Motors is a more complicated story. The bottom line is they are as much victim of their own poor business decisions and products as anything their competition has done to beat them. Their failure opened the door which other companies came rushing through. The thought that the Federal government, Fiat, and the labor unions with all kinds of special concessions specifically put in place to avoid established impartial bankruptcy law does not bode well for success. We are justifiably scared when the White House fires GM’s top exec. Likewise, the constant juggling and shifting requirements brought on by government involvement attempting to resolve problems in the banking and finance industry are even more difficult to sort out. Much of the initial damage came from what Bush’s treasury secretary Paulsen devised in dealing with troubled assets, but once again, the Obama response amounts to dosing a fire with gasoline to contain the damage. Profitable banks being forced to accept loans so the troubled banks might avoid detection is simply horrible policy as no one, even a recipient who doesn’t need the loan, escapes the strings, as into massive intrusion into company operation and expenditures, which completely turn all company affairs topsy-turvy.
This same logic extends to financial stimulus money targeted to states whether they stated a need or asked for assistance. Certain entitlement programs and other activities are so valuable to the Obama administration and the Democrats on Capitol Hill money has been allocated to all states to use for bringing their programs in line with the government’s master design or else. Where governors refuse the government funds, the Federal government in turn pushes the matter to the state legislatures to overturn the governors’ decisions many designed to keep the state from commitments it cannot sustain in the long run. Just as the Obama economic vision meddles with business, it is likewise creating financial mandates that would then become built-in fixed permanent expenses states must address before dealing with the myriad of issues particular to each state. Once again, the supreme power of the Federal government means less freedom and flexibility for states to manage their own affairs.
Highly regulated, authority centered, centralized governments are doomed for failure. Eventually, they collapse under their own weight and inefficiency. The Soviet Union was developed to lead to a socialist utopia but in practice communism became one of the most oppressive, wicked governments in the history of human civilization. Whether studying Vladimir Lenin’s or Barack Obama’s philosophy, once fully unmasked one is left with the basic assumptions on which the Communist Manifesto of Karl Marx and Frederick Engels was founded. The belief that class struggle is at the heart of all politics and that private ownership and the profit motive are evil and oppressive are easy to identify in Obama’s politics as is his appeal and the support he receives from organized labor and corrupt tools of political insurrection like ACORN.
46 cents lent for every dollar spent is the tip of the iceberg for the greatest threat to American democracy since nuclear weapons on a hair trigger were aimed at our cities, ports, defenses, and production facilities. The collapse of great civilizations through the ages generally were caused by cancers growing from within than threats from abroad that the Obama administration is so quick to minimize as the real war versus terrorism has been reduced to an overseas contingency operation.
Our country is at war, yet the administration isn’t even clear on whom we combating. Our economy faces serious difficulties that only the forces of the economy itself, private businesses and individual effort, can solve. The government is running interference or is horribly confused on every level.
We need clear priorities focused on the true responsibilities of the Federal government. The national defense is job one. Its roll in the economy is oversight and regulation, not direct involvement. Instead its spending money on everything from skateboard parks to feeding acorn. 46 cents of every dollar spent is borrowed. Take it from there.
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