Bold Colors Blog

Stickin’ it to the libs, one day at a time

Posts Tagged ‘Obama’

Will Obama voters notice the hypocrisy here?

Posted by Liberty on February 3, 2009

Obama is forced to bend firm rule on hiring ex-lobbyists

Remember hearing Obama bashing lobbyists out on the campaign trail?  He used to say that he didn’t take their money and would not provide them with positions in his administration.  He used to accuse lobbyists of being part of the problem with how business works in Washington D.C.  He even went so far as to publicly make a rule against lobbyists in his administration. 

And now, the bait and switch has been done all over again.  Notice the use of the word “forced.”  The A.P. headline writer has made a subtle effort to absolve Obama of responsibility.  What I have to wonder is this:  how will this play with the Hope-n-changer’s?  Will they even notice that Obama is now governing against his own campaign rhetoric?

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Posted in Arrogant politicians, Innate hypocrisy, Liberalism, Main Stream Media, Obama, Slavish media bias | Tagged: , , , , , , | Leave a Comment »

King County’s gain is America’s loss

Posted by Liberty on February 2, 2009

King County Executive Sims Nominated For HUD Job

“President Barack Obama is nominating King County Executive Ron Sims for the No. 2 job at the Department of Housing and Urban Development.”

King County out from under the thumb of nanny Ron?  Oh, the possibilities!  But, if this is a typical Obama appointment, we’ll hear about the unpaid taxes in a week or two.

Posted in Arrogant politicians, Liberalism, Obama | Tagged: , , , | Leave a Comment »

This is really pathetic

Posted by Liberty on January 30, 2009

Switch to digital TV may leave many in the dark

I’m warning you, if you have sympathy that some technologically-challenged people are no longer going to be able to watch “Oprah” or “The Young and the Restless” or “The Price is Right” over their damn rabbit ears…just click the back button now.

“That so many viewers around the country risk losing something as basic as a free television signal is a function, at least in part, of the government’s failure to anticipate that those most affected would be among the nation’s most frail and vulnerable.”

Do we as a society care more about “basic rights” like being able to watch pop culture crap for free than about rights actually enumerated in the Bill of Rights?  We’re already seeing an assualt on Rush Limbaugh’s freedom of speech [and by extension, the free expression of all Conservatives].  I can only imagine how badly our Second Amendment rights will be degraded during the course of the Obama administration.  Our very safety and sovereignty is at risk on the Southern border and we are changing courses against Islamic terrorism as well.  But heaven forbid that these old fogies should have to take responsibility for themselves to ensure that they remain entertained.

Posted in Constitutional Rights, Freedom of Speech, Guns, Liberalism, National Security, Obama, Redistribution of wealth, Social engineering, Socialist economics, Stupid legislation | Tagged: , , , , , , , , | Leave a Comment »

Say bye bye to Blago

Posted by Liberty on January 29, 2009

Prosecutor: ‘pattern of abuse’ by Ill. governor

“The prosecutor in the impeachment trial of Illinois Gov. Rod Blagojevich says he’s proven ‘a pattern of abuse of power.’In his closing argument Thursday, prosecutor David Ellis said the evidence shows Blagojevich knew his conduct was improper.”

It looks like Blago’s goose is just about cooked.  I do have to give Blago credit for believing in himself–he’s been off on a media blitz this week, all the while proclaiming his innocence.  And this despite the tapes that the prosecutor has been playing for the jury.  You know the tapes…the ones you’ve heard on the news that clearly feature him talking about seeking favors or money for the messiah’s Senate seat.  Blago is either shamelessly dishonest or totally off his rocker.  Or both. 

Oh, and I do have to give the AP credit.  They actually mentioned in this article that Blago is a Democrat.  Oh, really?  Hmm…I had no idea.  Of course, if the story were about a corrupt Republican, they would have put the word, “Republican” in the headline and 15 times throughout the article also.  Oh well.  Progress is progress.

Embattled Blagojevich arrives at Capitol

Posted in Arrogant politicians, Crime and Punishment, Innate hypocrisy, Just plain dishonest, Liberalism, Main Stream Media, Obama, Slavish media bias | Tagged: , , , , , , | Leave a Comment »

Stimulus sham: funding for voter fraud and “community organizing”

Posted by Liberty on January 29, 2009

ObamACORN payback: It’s still in there

“On Monday, I noted GOP House Speaker John Boehner’s warning about the ObamACORN funding provisions in the House version of the Generational Theft Act of 2009.”

Michelle Malkin has a link to the exact spot in the stimulus plan that outlines how ACORN will angle for stimulus dollars.  This is an outrage…and not the last one that we’ll find in this bill.  Remember that website I told you about?  http://readthestimulus.org/?

Posted in Innate hypocrisy, Just plain dishonest, Liberalism, Obama, Redistribution of wealth, Social engineering, Socialist economics, Stupid legislation, Taxes | Tagged: , , , , | 2 Comments »

Bipartisan stimulus

Posted by Liberty on January 29, 2009

Rush has a great op-ed in today’s Wall Street Journal!

My Bipartisan Stimulus

“Keynesian economists believe government spending on ‘shovel-ready’ infrastructure projects — schools, roads, bridges — is the best way to stimulate our staggering economy. Supply-side economists make an equally persuasive case that tax cuts are the surest and quickest way to create permanent jobs and cause an economy to rebound. That happened under JFK, Ronald Reagan and George W. Bush. We know that when tax rates are cut in a recession, it brings an economy back.

Recent polling indicates that the American people are in favor of both approaches.

Notwithstanding the media blitz in support of the Obama stimulus plan, most Americans, according to a new Rasmussen poll, are skeptical. Rasmussen finds that 59% fear that Congress and the president will increase government spending too much. Only 17% worry they will cut taxes too much. Since the American people are not certain that the Obama stimulus plan is the way to go, it seems to me there’s an opportunity for genuine compromise. At the same time, we can garner evidence on how to deal with future recessions, so every occurrence will no longer become a matter of partisan debate.”

And:

“Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let’s say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion — $486 billion — will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% — $414 billion — will be directed toward tax cuts, as determined by me.”

Rush’s plan is that once both approaches have been implemented, we will then compare the results.  Once and for all, there would be definitive evidence as to what works: increased government spending or tax cuts.  Note, the comparison would be of results, not intentions.  So much of what liberal Democrats [and government in general] do is guided by intentions, not results.

Posted in Future of the GOP, Innate hypocrisy, Liberalism, Obama, Redistribution of wealth, Socialist economics, Stupid legislation, Taxes | Tagged: , , , , , , | Leave a Comment »

Obama seeks GOP help on economy…but will he actually listen to them?

Posted by Liberty on January 27, 2009

Obama seeks GOP help on economy; McConnell hopeful

“Hours before a meeting with President Barack Obama, House Republican leaders sought to rally opposition Tuesday to a White House-backed economic stimulus measure with an $825 billion price tag.

Several officials said that Reps. John Boehner of Ohio, the GOP leader, and Eric Cantor of Virginia, his second-in-command, delivered the appeal at a closed-door meeting of the Republican rank and file. Both men said the legislation contains too much wasteful spending that will not help the economy recover from its worst nosedive since the Great Depression, the officials added.”

I’ve been pleasantly surprised by the Republicans so far this week…although, it’s only Tuesday.  Kudos to John Boehner and Eric Cantor for spotlighting the spending in the stimulus plan–keep it up!

“Senate Republican Leader Mitch McConnell, R-Ky., said in a televised interview that Obama was having problems with Democrats, whom he said favor spending over tax cuts as a remedy for the economic crisis.

‘We think the country needs a stimulus,’ he said on NBC’s ‘Today’ show. But he also said that he believes most people do not believe it will be accomplished through projects like ‘fixing up the mall,’ a reference to fundings to repair the National Mall in Washington. He said Republicans want a bill that devotes 40 percent of its cost to tax cuts.”

Exactly!

Posted in Future of the GOP, Liberalism, Obama, Redistribution of wealth, Socialist economics, Stupid legislation | Tagged: , , , , , | Leave a Comment »

In light of my last post…

Posted by Liberty on January 24, 2009

I know if you read my last post, you’ve probably had it with negativity but I wanted to make sure to link to two editorials that Dick Morris put out this week.  The first one was published on TheHill.com on January 20. 

The Obama Presidency:  Here Comes Socialism

“2009-2010 will rank with 1913-14, 1933-36, 1964-65 and 1981-82 as years that will permanently change our government, politics and lives. Just as the stars were aligned for Wilson, Roosevelt, Johnson and Reagan, they are aligned for Obama. Simply put, we enter his administration as free-enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom, or Sweden — a socialist democracy in which the government dominates the economy, determines private-sector priorities and offers a vastly expanded range of services to many more people at much higher taxes.

Obama will accomplish his agenda of ‘reform’ under the rubric of ‘recovery.’ Using the electoral mandate bestowed on a Democratic Congress by restless voters and the economic power given his administration by terrified Americans, he will change our country fundamentally in the name of lifting the depression. His stimulus packages won’t do much to shorten the downturn — although they will make it less painful — but they will do a great deal to change our nation.”

Morris goes on to forecast how Obama’s reckless fiscal policies will create a permanent dependent class.

“But it is not his spending that will transform our political system, it is his tax and welfare policies. In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population.”

The second editorial has pretty similar content.  It came from www.dickmorris.com and was published on January 22. 

Beware Obama’s Trojan Horse

“He will call this radical change a stimulus package. He will dress up a generation of liberal priorities as necessary steps to fight the economic crisis. His programs and policies won’t do much to end the depression. It will end only after the massive burden of debt is lifted from the shoulders of American and foreign households and companies, a process which will take years. At most, his stimulus will act as methadone while we withdraw from our debt addiction, mitigating the pain, smoothing over the trauma, and soothing our system.

But Obama’s strategy is to hide inside the Trojan Horse of stimulus an army of radical measures to change America permanently.”

Posted in Liberalism, Obama, Redistribution of wealth, Social engineering, Socialist economics, Stupid legislation | Tagged: , , , , , , | Leave a Comment »

Apocalypse now?

Posted by Liberty on January 24, 2009

In the days since Obama was elected, I’ve been trying to find reasons for Conservatives to stay positive.  That has not been easy.  Conservatives know what the GOP needs to do to win elections but they haven’t been listening.  The GOP has been ignoring their largest voting bloc in favor of chasing elusive groups like Independents, Hispanics, Walmart voters, etc.  Maybe somewhere in the US today, there are Republicans starting to do the right thing.  Maybe somewhere there is a groundswell of Conservatism growing.  Unfortunately, living in the deep blue state of Washington–behind the Iron Curtain, so to speak,–I’m not seeing it.  I hope it really is happening and that we have strong Conservatives candidates ready to take on the libs with guns blazing in time for the midterm elections. 

A conversation that I had last night further pushed me into a state of worry.  It’s hard to know how bad the economic picture under the bad policies of Obama and the radical liberal Democrats in Congress.  But, it will be bad.  We are headed for some hard times–probably harder than anything my generation has ever seen.  I got some good advice last night and I’d like to pass it along.  Get rid of debt.  Don’t take on new debt.  Watch for the stock market to rise briefly in an “Obama rally” and try to salvage some of the principle that you have in the market.  And then, hoard some cash, just in case. 

I don’t like the thought that the economy is going to head even further south.  This kind of negativity is just the opposite of the thought process I’ve been trying to cultivate.  But, we have to be honest.  I have it on good authority that the banking crisis is not over yet, not by a long shot.  And I also firmly believe that Obama’s Socialist policies will push us further into trouble.  So tighten up the budget, kill your debt, put some cold hard cash in a safe spot and take care.  It’s going to get worse before it gets better but we’ll survive just fine.

Posted in American society, Arrogant politicians, Conservatism, Future of the GOP, Liberalism, Obama, Socialist economics, Washington State | Tagged: , , , , | 1 Comment »

Liberal hypocrisy and an inauguration speech: Ann Coulter’s view

Posted by Liberty on January 22, 2009

Have you had it up to here [you can’t see this but my hand is approximately two feet above the top of my head] with the fawning, ridiculous coverage of Obama’s inauguration?  Sounds like you need a little factual information and tongue-in-cheek cynicism from Ann this morning.

More Boos Than Balls

“So maybe liberals can stop acting as if the entire nation could at last come together in a “unity of purpose” if only conservatives would stop fomenting “conflict and discord” — as Obama suggested in his inaugural address. We’re not the ones who booed a departing president.”

Well said.  The way some of those “tolerant” and “open-minded” libs behaved towards President Bush this week was an absolute disgrace.

“Liberals always have to play the victim, acting as if they merely want to bring the nation together in hope and unity in the face of petulant, stick-in-the-mud conservatives. Meanwhile, they are the ones booing, heckling and publicly fantasizing about the assassination of those who disagree with them on policy matters.”

Posted in Conservatism, Innate hypocrisy, Liberalism, Main Stream Media, Obama, Slavish media bias | Tagged: , , , , , | Leave a Comment »

Are you curious about what’s in that sneaky stimulus?

Posted by Liberty on January 22, 2009

Leave it to the Heritage Foundation [and Club for Growth, and National Taxpayers’ Union, and Citizens Against Government Waste, and Taxpayers for Common Sense…I could go on here] to help us figure out what in the world our government is really up to.  We have been told for months and months now how bad our economy is.  Obama’s inauguration speech on Tuesday further fed this crisis mentality.  This economic downturn is going to be used to sell Obama’s massive stimulus plan.  But, do you know what’s really in that plan?  Well, you will after you spend some time at ReadTheStimulus.org!

As the webpage says, “$850 Billion, 334 pages, and counting… somebody needs to read it!”  That url again is:

ReadTheStimulus.org

Posted in Conservatism, Educate yourself, Just plain dishonest, Liberalism, Obama, Redistribution of wealth, Socialist economics, Stupid legislation | Tagged: , , , , | Leave a Comment »

Welcome to the Obama era…pass the scotch, please

Posted by Liberty on January 20, 2009

Yay!  A terrible downer of a speech that told us how awful life in America is.  An incomprehensible poem of pure drivel.  A blatantly racist benediction.  And the MSM going on and on about what a great day it was.  It’s going to be a long four years…

Posted in Arrogant politicians, Liberalism, Main Stream Media, Obama, Slavish media bias | Tagged: , , , , | Leave a Comment »

Thank you, Mr. President…President Bush, that is

Posted by Liberty on January 20, 2009

On this Inauguration morning, I would be remiss if I did not express my gratitude to President George W. Bush.  President Bush, thank you for your eight years of service as our Commander in Chief.  You have governed with dignity, integrity and a clear reverence for the office that you have held.  I haven’t always agreed with you but I have always respected you.  You have been steadfast in your convictions, especially concerning the war on terror.  I’m confident that you’ve used every piece of information at your disposal to make the hard decisions about the safety of our country.  Thank you for what must have been the eight most difficult years of your life.  I pray that history will judge you kindly.

I’d also like to thank Mrs. Bush, for being the very definition of what a first lady should be.  Thank you for your eight years of service as well.  You’ve been mindful of your proper role as the wife of our Commander in Chief and you have represented our nation well.

Now, many of the same people that have been dragging Bush’s reputation through the mud for the past eight years are pronouncing that we all must celebrate and respect Obama.  By all means, Obama, you are entitled to all the respect that the Left has shown to my President.  President Bush has been mocked; marched against; burned in effigy; ridiculed on morning drive radio, prime time tv and everywhere in between.  He’s been the subject of biased newscasts, slanderous books and bitter bumper stickers.  From even before his first day in office, President Bush has faced an onslaught of anger from the Left and he has borne their abuse with grace.

The Left has been relentless in it’s disrespect for President Bush and for the country that I love.  The Left has been unceasingly rude and contemptuous towards anyone who would dare defend President Bush.  And now these same people are asking, nay, demanding, that I show respect for President-elect Obama?  What goes around comes around.  What’s good for the goose is good for the gander.  If their style of “respect” was good enough for President Bush then it’s certainly fitting for Obama.  Maybe thinking that way doesn’t make me a “high road” kind of gal but it certainly indicates that I’m a believer in fairness.  Hey Obama!  My respect isn’t like one of those “tax cuts” that you’ll give to people who pay no federal income tax.  You actually have to earn it.

God Bless America and God help us over the next four years.  We are going to need it!

Posted in Conservatism, Obama | Tagged: , , , | 2 Comments »

I also pledge to ridicule Obama-worshiping celebrities

Posted by Liberty on January 19, 2009

I Pledge to Ridicule Celebrities Who Refuse to Recognize We Are At War With People Who Want to Kill Them, Too

Heard about the video out there [directed by Demi Moore] featuring celebutards spewing platitudes about the changes they’ll hope to implement as America is re-born as a wonderful country tomorrow?  I haven’t watched it [darn slow internet] but I was able to listen to some audio from it and also found Andrew Breitbart’s teriffic blog today about it.  He has a link to Ashton Kutcher’s companion editorial that goes along with the pledge video, too.  **WARNING**  Ashton Kutcher’s editorial contains dangerously stupid content.

“Americans are on the brink of the Newer Deal where we will join hands in an effort to resurrect the pride in a government that supports us in supporting ourselves. Our new leader understands the value of our collective voices, he believes in our ability to create a greater good, and knows that as a nation we are willing to sacrifice selfishness for a more robust happiness.”

Oh, gag me.  Let’s just be honest here.  We are on the brink of the Newer Deal.  We are all going to be forced to pay for a government that supports people who refuse to support themselves.  Our new leader is an empty suit who is leading a cult of personality off the edge of the cliff of socialism.  The greater good will become the greater mediocrity as we all are forced into submission under a massive welfare state.  We’re sacrificing our own future and committing to a reduced standard of living for all involved.  But, I’m off on a tangent.

Check out Breitbart’s Big Hollywood Blog.  He’s not taking this ridiculous pledge video at face value and neither should you.  He asks where these celebrities have been the past eight years and questions their premise that they could only love their country and want to help their country when it’s being lead by “their guy.”

“Yet, hating the president doesn’t mean one can’t still help out the country in a great time of need. But many went to foreign countries and demeaned it instead. Called those that disagreed with them rubes and hicks. The elitism of the celebrities against flyover country America could not have been more pronounced. They made a boat-load of movies that affirmed this narrow and patronizing world view.

And now they want us back.

We’re all Americans — NOW.”

A couple more great lines:

“This video illustrates that the current celebrity class are not citizens but serfs. They need a leader to put their minds in the right place to do the right thing. They are not heroic individualists seeking to extend America’s promise but conformists who chose to sit out and complain during the tough years in order to ensure their guy got in the next go-around.

The celebrity decadence during the ‘oppressive’ Bush years was world class. The clubs raged. The boutique hotels rocked. The private jet industry at Van Nuys airport flourished. The party never stopped. And only a precious few (Thank you, dearly!!!) stepped up to support the American troops who have been valiantly fighting for Hollywood’s right to do lines off of each others’ buttocks at $10 million Hollywood Hills mansions.

They never spoke up against the movies that demonized our military.

They never made movies to counter the libel.

They took the easy route. And blamed Bush for everything.”

Posted in American society, Obama | Tagged: , , , , , | Leave a Comment »

Obama’s approval rating…hmm, how come no pollsters ever call my house?

Posted by Liberty on January 19, 2009

Inauguration: Obama approval rating high

That link will take you to a little blurb in today’s Seattle P-I where they claim that Obama’s approval rating is approximately 76%.  I don’t know why it even grabbed my attention anymore but I saw it and just laughed out loud.  I guess if we’ve elected him President of the United States–unarguably the most powerful position on the planet–based on absolutely no genuine accomplishments and an amorphous agenda of liberalism disguised as a good kind of change, then what the heck!  100% approval rating!  Excellent!  Outstanding!  He’ll probably win 100% of the re-election vote in 4 years, too.

Posted in Liberalism, Obama, Slavish media bias | Tagged: , , , | Leave a Comment »

More on the would-be Treasury Secretary’s tax issues

Posted by Liberty on January 15, 2009

Geithner Accepted IMF Reimbursement for Taxes He Didn’t Pay

Great article by National Review’s Byron York. 

“Documents released by the Senate Finance Committee strongly suggest that Geithner knew, or should have known, what he was doing when he did not pay self-employment taxes in 2001, 2002, 2003, and 2004. After his failure to pay was discovered, first by the IRS and later during the vetting process, Geithner paid the federal government a total of $42,702 in taxes and interest.

The IMF did not withhold state and federal income taxes or self-employment taxes — Social Security and Medicare — from its employees’ paychecks. But the IMF took great care to explain to those employees, in detail and frequently, what their tax responsibilities were. First, each employee was given the IMF Employee Tax Manual. Then, employees were given quarterly wage statements for the specific purpose of calculating taxes. Then, they were given year-end wage statements. And then, each IMF employee was required to file what was known as an Annual Tax Allowance Request. Geithner received all those documents.

The tax allowance has turned out to be a key part of the Geithner situation. This is how it worked. IMF employees were expected to pay their taxes out of their own money. But the IMF then gave them an extra allowance, known as a “gross-up,” to cover those tax payments. This was done in the Annual Tax Allowance Request, in which the employee filled out some basic information — marital status, dependent children, etc. — and the IMF then estimated the amount of taxes the employee would owe and gave the employee a corresponding allowance.

At the end of the tax allowance form were the words, “I hereby certify that all the information contained herein is true to the best of my knowledge and belief and that I will pay the taxes for which I have received tax allowance payments from the Fund.” Geithner signed the form. He accepted the allowance payment. He didn’t pay the tax. For several years in a row.”

Honestly…is this the best we can do for Treasury Secretary?  A tax cheat?

Posted in Just plain dishonest, Liberalism, Obama, Taxes | Tagged: , , | Leave a Comment »

So if this guy isn’t smart enough to fill out a tax form, is he smart enough to be in charge at Treasury?

Posted by Liberty on January 14, 2009

Tax problems may plague Obama’s treasury pick

I hope tax problems plague Obama’s treasury pick!  I know that scrutiny of “the chosen one” and his cabinet appointments is not the hip thing to do right now but seriously folks!  Are we going to forget about the way that the Left in this country treated people appointed by Conservatives?  Bork, Gonzales, Roberts, Alito, Thomas…do those names mean anything to you?  We as Conservatives, not to mention the MSM, should be asking serious questions about Obama [although it’s a little late for that, agreed?!] and the people that he’s choosing for his cabinet.  

“A Capitol Hill grilling is likely for Timothy Geithner, President-elect Barack Obama’s pick to head the Treasury Department, after public revelations he failed to pay $34,000 in taxes several years ago. Senate Democrats are pressing to schedule a quick confirmation hearing for Geithner on Friday, hoping to tee up swift approval of his nomination on Inauguration Day. But newly released information about the tax goofs by Geithner, regarded as a brilliant financial markets specialist well-positioned to deal with the nation’s considerable economic problems, could complicate the process.”

Oops.  $34,000 in unpaid taxes.  Just a little goof!

 

Posted in Arrogant politicians, Just plain dishonest, Liberalism, Main Stream Media, Obama, Slavish media bias, Taxes | Tagged: , , , | Leave a Comment »

Inauguration-mania

Posted by Liberty on January 12, 2009

Rush is calling it the “Immaculate Inauguration.”  Michelle Malkin calls it “Inaugur-A-Palooza.”  I think the word “mania” has to apply somewhere to the shameless crap that the MSM is calling “inauguration coverage.”  Michelle Malkin has linked to another blog [http://www.julescrittenden.com/] where there’s a complete compendium of the MSM’s fawning, obsequious, laudatory, self-congratulatory, worshipful,…[insert your favorite applicable adjective <here>] “objective coverage” of the Obamanauguration. 

Inaugur-A-Palooza!

Posted in Liberalism, Main Stream Media, Obama, Slavish media bias | Tagged: , , , , , | Leave a Comment »

Obama’s Choice: FDR or Reagan…government or market…socialism or capitalism

Posted by Liberty on January 12, 2009

Socialism or capitalism?  The choice America is facing at this time is just that existential.  I fear that the average citizen in this country today doesn’t even clearly understand the differences between the two economic systems.  We’ve been in similar economic situations before, chosen wrongly and suffered the consequences.  All I ask is that we examine the past…say the era of the Great Depression, since that’s what our current economy is constantly being compared to.  Pat Buchanan has some important Depression economic stats in the article linked below.  For instance:

“By 1933, 89 percent of stock value had been wiped out, the economy had shrunk by one-third, thousands of banks had closed, a third of the money supply had vanished, and unemployment had reached 25 percent — among heads of households.”

 

Compare that to what’s happening today:

“…the financial collapse and economic crisis of 2008, inherited by Obama, with 40 percent of all stock values wiped out in a year, foreclosures pandemic, and unemployment near 7 percent and surging.”

So what did we do to combat the Depression?

“FDR’s answer: vast federal spending, tough new regulations on business and higher taxes — like Herbert Hoover before him, only more so.

The Depression lasted until war orders from the Allies brought U.S. industry back to life. Before 1940, not once did unemployment fall below 14 percent. In May 1939, Treasury Secretary Henry Morgenthau testified:

‘We are spending more money than we have ever spent before, and it does not work. … I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this administration we have just as much unemployment as when we started … and an enormous debt, to boot.'”

Obama’s economic stimulus plan consists of spending.  Plain and simple.  Government spending didn’t work in the 1930’s and it won’t work now.  Period.  But the New Deal programs got Roosevelt 3 terms as President and solidified Democrat power.

Obama’s Choice: FDR or Reagan

Posted in American history, Liberalism, Obama, Public education, Redistribution of wealth, Socialist economics, Taxes | Tagged: , , , , , , , | Leave a Comment »

Socialism will bring consequences, too

Posted by Liberty on January 8, 2009

Obama warns of dire consequences without stimulus

“President-elect Barack Obama warned of dire and long-lasting consequences if Congress doesn’t pump unprecedented dollars into the national economy, making an urgent pitch Thursday for his mammoth spending proposal in his first speech since the election.”

I thought we only had one president at a time…why doesn’t his foreign policy cop-out apply to the economy?

“The president-elect cast blame on ‘an era of profound irresponsibility that stretched from corporate boardrooms to the halls of power in Washington.’ But he added, ‘The very fact that this crisis is largely of our own making means that it is not beyond our ability to solve.'”

Obama went on to call for more alternative energy production, “green” upgrades to federal buildings, electronic medical records, expansion of broadband internet and upgrades to schools and universities.  If someone who actually has a clue about economics could explain to me how this ridiculous spending will revive our economy, feel free.  Obama spoke the other day about eliminating earmarks and pork spending.  From what I’ve seen, his entire “economic recovery” plan is pork.

Posted in Liberalism, Obama, Redistribution of wealth, Socialist economics | Tagged: , , | 2 Comments »

I voted for Putin

Posted by Liberty on December 23, 2008

The Drudge Report has a poll up this morning.  You can vote on which shirtless stud you find more appealing–Vladimir Putin or the chosen one, Barack Obama.  Currently, Putin is leading with well over 50%.

Posted in Lighthearted amusement, Obama | Tagged: , , | Leave a Comment »

Analysis of Obama’s pick for Secretary of Labor

Posted by Liberty on December 22, 2008

Quantum of Solis

“There is joy in Unionville this Christmas. Barack Obama’s pick for Secretary of Labor — Hilda Solis — brings impeccable big labor credentials. The California Congresswoman first rode to power with labor backing against a fellow Democrat, has voted with the AFL-CIO 97% of the time, and got three-quarters of her campaign contributions from unions.”

This should make Conservatives nervous.

“Ms. Solis says her goal is to expand the reach and power of unions in America, and she supports such union priorities as the Employee Free Choice Act, which would do the opposite of its name and end secret balloting to unionize a workplace. Look for a showdown on that legislation in 2009. Meanwhile, the other drama to watch is whether Ms. Solis will turn a blind eye to union corruption by weakening federal oversight.”

Very nervous.

Posted in Liberalism, Obama, Union Thuggery | Tagged: , , , | Leave a Comment »

What the U.S. can learn from Japan’s failed experiment with “zombie businesses”

Posted by Liberty on December 22, 2008

Return of the Living Dead

“After Japan’s asset bubble burst in the late 1980s, their economy took a sharp downturn, prompting government officials to try bailing out banks and investing in infrastructure, much like the activity and proposals floating around America today. The results were terrible.

With the government propping up poor business models rather than allowing further job losses, firms wound up operating over the long-term without making a profit or adding any value to society. Their utter lack of vitality earned these perpetual money-leaching entities the moniker ‘zombie businesses.’ And unless American policymakers understand the failures of the Japanese response, we will suffer the same zombie fate.”

Check out this article in Reason Magazine today that foreshadows the consequences that we’re likely to face in return for passing out government bailouts like Halloween treats.  Ding dong, here’s $700 billion.  Japan has dealt with a similar economic crisis and they made significant errors that prolonged the problem.  We’re headed down that same road and I predict that Japan’s errors will be our errors.

“First mistake. The Bank of Japan tried to ease economic pains during their downturn through the 1990s by loaning large amounts of money to businesses. However, such attempts to recapitalize the market were counteracted by underlying management problems endemic to the dying firms.”

Check.

“Second mistake. With all those loans, the Japanese government was simply too integrated into the market to have adequate incentives to create the right policies. Daniel Okimoto, former director of the Asia-Pacific Research Center, points out that the interests of Japan’s economic bureaucracies, such as the Ministry of Finance, became interdependent with the banking industry.”

Check.

“Third mistake. The length of Japan’s asset deflation, recession, and liquidity struggles has been blamed largely on the lack of foresighted policies and political leadership. Politicians bent on retaining their power took action that sought to solve the present day concerns, such as infrastructure projects, without regard to their long-term effects. As a result, economic growth was not sustained.”

Check.

“Fourth mistake.Japan tried to climb out of its economic mess by raising taxes and cutting interest rates. Okimoto cites a series of policy mistakes in a report on Japan’s economic stagnation that includes a consumption tax hike, business taxes, and heavy-handed reliance on interest rate cuts that reduced investment incentives.”

Are you getting my drift here?

“Fifth mistake. With the Japanese government enabling lending to zombie businesses, taking cash away from productive ventures, and passing tax laws and other regulations that did not promote growth, the private sector was actively discouraged from investing.”

I encourage you to read the whole article–Anthony Randazzo has done his research.  Clearly our politicians have not.

Posted in Conservatism, Obama, Redistribution of wealth, Taxes | Tagged: , , , , , | 3 Comments »

Have I said lately how much I love Carpe Diem?

Posted by Liberty on December 20, 2008

I’ve linked Professor Mark Perry’s blog, Carpe Diem before…hmmm, trying to link and WordPress’ hyperlink function is not working right now.  [Normally, WordPress works great.  If you want to start a blog, I highly recommend WordPress.  And e-mail me the link.  I promise I’ll read, even if you’re a lib or a Husky fan]. 

Anyhow, go to http://mjperry.blogspot.com/ because his blog today is incisive as usual.  He’s excerpted an article from the Wall Street Journal by Andrew B. Wilson on how the Conservative principles espoused by Margaret Thatcher helped to pull Great Britain out of economic difficulties in the 1980’s.  [Wow, isn’t that about the time that Ronald Reagan was helping America recover from our Jimmy Carter-induced economic difficulties through free-market capitalism?]  Here’s a brief quote from Mr. Wilson’s article:

“By sticking to her policies of lightened regulation, reduced trade barriers, privatization of a raft of publicly owned companies, reduced taxation, and the adoption of laws to prevent abuses of union power, Mrs. Thatcher achieved something few if any of today’s economists have begun to consider. She achieved a genuine, productivity-led recovery that transformed Britain from perennial basket case into the Europe’s most improved and vibrant economy.”

Naturally, I’m a little sad to think that this economic recovery will not be ours, at least not during the next four years.  The socialist blueprint has been drawn, and time and time again, the house has fallen.  Obama’s going to build his policies on the failed philosophy of socialism, a system counter to all that America was founded on.  It will fail us, too.  So, I guess I love Carpe Diem today for the information that Professor Perry disseminates, not for helping me feel optimistic.

He also has a post entitled “Ford’s State-of-the-Art Factory in Brazil: A Model for the Big 3’s Survival. But The UAW Hates It.”  In it, there are details about an innovative Ford factory in South America.  According to Professor Perry,

“It’s not just above-market UAW wages and benefits, along with overly generous lifetime pensions and health care coverage that have all contributed to pushing the Big Three to the brink of bankruptcy. It’s also the outdated work rules, multiple job classifications, and union inflexibility and resistance to greater efficiency that have crippled the Big Three (see the 22 pound, 2,215 page UAW-Ford contract here).
Isn’t it sad that U.S. automakers like Ford have to go 5,000 miles away to “the global sandbox” Brazil to try out new production methods, instead of introducing cutting-edge, state-of-the-art technology here in the U.S.? Even if GM and Chrysler reduce wages and benefits to competitive levels as part of the $17.4 billion bailout, they still might not survive in the long run if they are prevented by the UAW from introducing lean, flexible, state-of-the-art technology inside the U.S., like Ford has been able to introduce outside of the U.S.”
Sad.  American taxpayers are bailing out the Big Three while the UAW is still alive and well.  And, liberals have the nerve to bitch about out-sourcing.
 
 

 

Posted in Conservatism, Future of the GOP, Liberalism, Obama, Redistribution of wealth, Ronald Reagan, Union Thuggery | Tagged: , , , , , , | 3 Comments »

So now accomplishments matter to liberals?

Posted by Liberty on December 17, 2008

Critics Question Caroline Kennedy’s Qualifications

“Faced with a tide of publicity pushing Caroline Kennedy’s candidacy for Hillary Clinton’s Senate seat, observers ranging from liberal Democrats to conservative Republicans are already raising questions about the qualifications of a well-bred, notably underemployed socialite who’s never run for any public office.”

It looks like Caroline Kennedy is a possible replacement for Hillary Clinton’s New York Senate seat.  And, people are questioning whether or not she’s really qualified to serve.  I only have one word to say about this:  Obama.

Posted in Liberalism, Obama | Tagged: , , , | Comments Off on So now accomplishments matter to liberals?