Sunday, November 4, 2012

My Mother's Race

From Dreams Of My Father: President Obama

"I found solace in nursing a pervasive sense of grievance and animosity against my mother's race."

What are we thinking? What has happened to common sense? If businesses close people lose jobs. That is not a complex reality. If we impose too many regulations on our businesses and burden them with taxes they close the doors and/or move their plants out of the reach of our government. We have seen this happen year after year and regulation after regulation since Slick Willie got in office and signed NAFTA… But politicians don't connect (or can't) connect these two dots: Higher taxes and burdensome regulations close businesses and lose jobs.

T'was the night before elections,
And all thru' the town,
Tempers were flaring
Emotions ran up and down.

From 2000 to 2011, nearly 66,484 U.S. factories closed, and millions of skilled manufacturing workers lost their jobs. If I were to go back to 1990 to 2011 the numbers would be even more dramatic. We lost capacity to make drywall, steel, concrete, antibiotics, high-tech circuit boards---the list goes on.

I, in my bathrobe
With cat on my lap,
Had shut off the TV,
Tired of political crap

America once led the world in manufacturing. Now, much of our basic infrastructure needs are dependent on overseas producers. We don't have companies here that make socks, underwear, neckties, etc. We haven't made TV's, computers, mobile phones here in decades. We are even importing lots of our food…. If real disaster strikes, will we simply be unprepared?

When all of a sudden,
There arose such a noise,
I peered out my window,
Saw Obama and his boys

We have become a dependent nation. The greatest producing nation in the history of the world is now dependent on other nations for the most bassic consumer needs.

Government regulations, taxes, and unions have put us in this predicament. Socks, underwear, TV's. mobile phones, computers, and all the other things we need in our 'walking around lives' have now become a national security issue. That’s sounds like a funning things to say… Really it’s a sad thing to say.

They had come for my wallet,
They wanted my pay
To hand out to others
Who had not worked a day!

Our increasing dependence on foreign goods is very,very dangerous. A major part of our strength in America besides our faith came from the fact that we made what we needed. We could take care of ourselves. We grew all of our own food as well as proded our own oil. Therefore we didn't need anyone to help us out.

We got in our financial mess without a whimper. Shouted down by the liberal media and our duly elected, the warning voices, throughout the years, were ignored.

Tytler, way back in the early part of the 19th century, wrote about our democratic form of government: From bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to complacency, from complacency to apathy, from apathy to dependence, and from dependence back to bondage.

His prediction has a strangely familiar ring.

He snatched up my money,
And quick as a wink,
Jumped on his bandwagon
As I gagged from the stink.

Hyman Minsky points out that the more comfortable we get with a given condition or trend, the longer it will persist and then when the trend fails, the more dramatic  the correction. The problem with long term  macroeconomic stability is that it tends to produce unstable financial arrangements. If we believe that tomorrow and next year will be the same as last week and last year, we are more willing to add debt or postpone savings in favor of current consumption. The longer the period of stability, the higher the potential risk for even greater instability when market participants must change their behavior.

He then rallied his henchmen
Who were pulling his cart.
I could tell they were out
To tear the country apart!

What Minsky warns about is exactly what we voters have been doing during these last few congresses. Not one person reading this article runs their financial house the way our elected representatives have run our national financial house. AND yet we rationalize their behavior and leave them in office, and leave them in office. AND leave them in office creating tax burdens on families and strangling regulations and taxes on our businesses.

Even today the warning voices are being shouted down. BUT the whimpering is beginning and just behind the whimpering will come the rage. I am surprised the young folks with their college degrees and their student loan debts aren't out on the streets already. I assume they are not on the streets because they haven't paid attention to what their government has been doing… maybe their parents aren't paying attention either….

I hate putting numbers or charts in articles but sometimes just knowing what the numbers are is important even if we can't relate personally to the numbers.

The young graduates need to know the current government has created a debt for them to pay IF they ever get a job. The debt just passed $16 trillion (and that's not counting the $117 trillion on unfunded liabilities like Medicare and Social Security!)

OK, a trillion is hard to imagine…. Every day since the beginning of 2012  our government has spent 10.4 billion dollars each and every day. (Even a billion is a hard number to imagine.) The problem is we don't have 10.4 billion dollars a day to spend so we borrow 4 billion dollars from someone to make up the difference.

What should we do? The Iowahawk newspaper started pulling numbers together in an attempt to see how the debt can be paid along with the interest on the borrowed money.

Here are some of their ideas:

Start with two of the biggest and therefore 'most evil' corporation in America.
Exxon Mobil and Walmart, take every single penny of their combined 2011 global profits. No one will have a problem with that, because these "evil corporations" should pay! That number is $46.7 billion, which helps run the country from midnight January 1, 2012 to 12:45PM on January 5th.

Well, that is not enough….

So lets look at the other 498 largest companies in America and take all of their profits of $567 billion also… That gets us enough money to get us to 12:15 AM February 29. (If there is a February 29) BUT now we are close to the Super Bowl.

Just suppose we grabbed all the advertising dollars spent on Super Bowl ads? That is another 200 million…. Not really much there so let's say we grab all the money from Super Bowl ads over the last 46 years. Now we are talking … Another 5.2 billion. So all of this money still leaves us on the same day, February 29th.

I know all of this is silly but if you earned a million dollars a day and started in the year Christ was born and made the million ever single day up to 2012, you would not even be close to earning a trillion dollars. 

So college grads Obama and this government has just planned your life's work.

They took off for his cause.
And they flew out of sight,
I heard him laugh at the nation
Who wouldn't stand up and fight!

So I leave you to think on this one final note… If you don't want socialism, get out the votes!!! Author Unknown

Current Rasmussen poll:

Even with Americans poised to pick a president and one-third of the nation’s senators, most voters continue to feel the federal government does not have the  approval of its citizenry. One of the central tenets of the Declaration of Independence is that “governments derive their only just powers from the consent of the governed,” but just 25% of Likely U.S. Voters think the federal government today has that consent. Sixty percent (60%) believe the federal government does not have the consent of the governed.

Before I hit the send key I just want to note the opening quote in this article from Obama's book about his animosity and grievance against all white Americans. In more than four years I cannot remember any in the political elite liberal media or conservative media noting the racist bias he clearly carries in his life. This bias has never been called into question nor has Obama been confronted about his other comments on America, its government, or the Christian white majority. Had anyone in the Tea Party made a similar remark about animosity toward blacks what the press would do in not really imaginable.

So before closing I want to add this footnote for Chris Matthews, who is the liberal media's watch-dog for all things racist: "I am not going to vote for Obama. Not because he is black but because he has failed in his job as president. Broken the trust that American voters gave him. Sullied the image of America in the eyes of the world and betrayed long standing friends around the world. His behavior in office has hurt the very minority groups who  have trusted him the most. If Obama was white I would be writing exactly the same thing."

8 days, 9 hours, 14 minutes until the polls open.


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