This week the President spent seventy thousand taxpayer dollars to run a television ad in Pakistan, in an attempt to mollify Muslims there. After the ad ran on Pakistani television, some of the worst rioting of the last couple of weeks occurred, which lead to the the deaths of at least seventeen people. The idea of running the ad was bad enough, but the substance of the ad had the President and Secretary of State groveling to the Muslim world in an attempt to quell their violent outbursts. This ad, along with the continued insistence by the administration that some obscure video is the source of all the recent violence (even after all the evidence suggests that the attacks were pre-planned and had little to do with the video), is not only dangerous but disgraceful.
President Obama is being burned in effigy all across the middle-east and the words from his Cairo speech of 2009 and his U.N. speech last November are being used as tinder. Some people actually voted for President Obama in 2008 specifically because they felt he would change the perception in the middle-east of the United States. Now there is polling that shows the current President is less popular in the middle-east than the last one ever was. If you watch the recent movie, 2016-Obama's America, you will understand why the President takes an apologetic posture with our enemies. It is what many conservatives knew from the beginning, Barrack Obama does not think this country, as constituted, is fair to its own citizens and it has used corrupt methods to steal wealth from the rest of the world. His job, as he sees it, is to redistribute America's wealth and influence to the rest of the world. There is little doubt in the mind of anyone with courage to admit the true intentions of this President.
Watching the unleadership that President Obama is providing in the U.S. and around the world, I am reminded of two statements by men of different eras, but with a common philosophy. The first is Edmund Burke who said, "The only thing necessary for evil to triumph is for good men to do nothing." The second is Ronald Reagan who said, "There hasn't been a war in the last 100 years that was the result of the United States being too strong." Both quotes speak to the fact that there is a morally superior position that, if not strenuously defended, will result in human suffering much greater and more pervasive than the effort to defend that morally superior position. This is a concept that President Obama and the rest of the left do not understand, because in their twisted ideology every culture and every value is equal. This completely misses the fact that there are some ideas and cultures that are morally superior to others. The American culture has produced more freedom and prosperity for a greater number of people than any other culture in all human history. There is no other nation in world history that, while having its faults and failures, has advanced the human condition more than the United States. Conversely, the modern incarnation of Islam has done more than any other culture to destroy civility, freedom and the advancement of humans as spiritual beings. But the President and others on the left, and even some misguided souls on the right, have said that modern Islam is equal to the American culture. If you can't even identify the enemy as an enemy, then you are bound to be destroyed by them. In other words, "The only thing necessary for evil to triumph is for good men to do nothing."
Saturday, September 22, 2012
Tuesday, September 18, 2012
The Myth of Could Have Beens
Anyone exhibiting even a modicum of intellectual honesty, would admit that by any metric one would examine, things are much worse in this country than when President Obama took the oath of office in January of 2009. Unemployment is higher and has stayed there for more months than at any other time in our history. The Federal debt has increased by almost six trillion dollars. Gas prices have more than doubled since "The One" graced us with his brilliance. The housing market has shown little signs of recovery and Gross Domestic Product is growing at historically low post-recovery rates. And I haven't even gotten to the failure that is this President's foreign policy.
Even the Democrats and the rest of the left know the Obama Presidency has been a failure. He hasn't even lived up to his own metrics he set for himself when he took office (halving the deficit, bringing unemployment under 6 percent, and making the Muslim world love us). But the tactic the President and his sycophants in the media have employed to excuse his pitiful record is to convince the nation that things would have been worse, if it weren't for the President's ground-breaking policies. In other words, "Just imagine how much more I could have failed." I like to call it, "The Myth of Could Have Beens." You can't prove or disprove a "Could Have Been", so it's an effective device employed by people who have failed to lessen the perception of their failure. This method is also used in reverse to blunt the success of the opposition, a tactic employed most notably during the Reagan years.
This tactic, mostly employed by Democrats and the left, is only effective when practiced on an uniformed or misinformed populace. Therein lies the problem, i.e. the U.S. voter is woefully uneducated when it comes to the functions of government and the economy. If someone doesn't know, for instance, that the average GDP rate since the end of WWII has been around 3.2 percent, they can be fooled into thinking that 1.5 to 2.0 percent is good. Furthermore, if that same person doesn't understand the labor force participation rate and how it shows that there are 2 million fewer people working than when Barrack Obama took office, then they can be fooled into thinking that 4 million jobs have been added to the economy. And the deception goes on and on, it's easy, especially when you have a media that purposely misinforms the people.
If the American public accepts the "Myth of The Could Have Beens", I wonder if they understand that what they are really accepting is mediocrity, from themselves and their leaders.
Even the Democrats and the rest of the left know the Obama Presidency has been a failure. He hasn't even lived up to his own metrics he set for himself when he took office (halving the deficit, bringing unemployment under 6 percent, and making the Muslim world love us). But the tactic the President and his sycophants in the media have employed to excuse his pitiful record is to convince the nation that things would have been worse, if it weren't for the President's ground-breaking policies. In other words, "Just imagine how much more I could have failed." I like to call it, "The Myth of Could Have Beens." You can't prove or disprove a "Could Have Been", so it's an effective device employed by people who have failed to lessen the perception of their failure. This method is also used in reverse to blunt the success of the opposition, a tactic employed most notably during the Reagan years.
This tactic, mostly employed by Democrats and the left, is only effective when practiced on an uniformed or misinformed populace. Therein lies the problem, i.e. the U.S. voter is woefully uneducated when it comes to the functions of government and the economy. If someone doesn't know, for instance, that the average GDP rate since the end of WWII has been around 3.2 percent, they can be fooled into thinking that 1.5 to 2.0 percent is good. Furthermore, if that same person doesn't understand the labor force participation rate and how it shows that there are 2 million fewer people working than when Barrack Obama took office, then they can be fooled into thinking that 4 million jobs have been added to the economy. And the deception goes on and on, it's easy, especially when you have a media that purposely misinforms the people.
If the American public accepts the "Myth of The Could Have Beens", I wonder if they understand that what they are really accepting is mediocrity, from themselves and their leaders.
Saturday, September 15, 2012
Big Ben Prints Money to Save His Job
On Thursday of this week Federal Reserve Chairman Ben Bernanke announced his latest effort to help his boss, Barrack Obama, get re-elected. This will ensure that Mr. Bernanke can continue to impose his failed economic theories on the private sector for another four years. It is called quantitative easing, which is just a fancy word for printing money and then using that money to buy mortgage-backed securities. The theory from the inept chairman is that this will cause the stock market to rise and put more money in the pockets of the average American, which they will spend to stimulate the economy.The statement that Mr. Bernanke made to this effect shows his total ignorance of how the private sector operates. Sure, the stock market went up on the news, just as it did with the previous two QE actions from the Fed. But the previous two programs did nothing to boost GDP or lower the unemployment rate, in fact, those two economic metrics are much worse.
The fly in Big Ben's ointment is that the stock market lost the average retail investor four years ago and they have not re-entered the market. That is why the volume of shares traded on a daily basis has been pitifully low over that time. Any exposure the average American has to the market is through retirement accounts, which will be worth much less because of the inflation that will occur as a result of printing dollars to buy the mortgage-backed securities. To make matters worse, the new round of quantitative easing is open-ended. Which means Ben will fire up his magical money machine and print 40 billion dollars a month in perpetuity.
By artificially pumping up the securities market, the Fed has kept bond rates low in order to incentivize investors to move their money into the riskier assets. This has caused the ten year treasury bonds to be kept at historic lows, under two percent for the last year. The ten year bond is the basis for interest rates. It is also one of the mainstays of pension and other retirement vehicles. By keeping the bond rates artificially low to pump up the stock market, Mr. Bernanke has taken money away from current retirees.
All the money that Ben Bernanke and the Fed is pouring into the market has to come out of the market at some later date. This is economic law that even the feckless Fed Chairman can not violate. When that happens, interest rates will sky rocket and inflation will rise to a level we have not seen since the Carter administration. This will also facilitate outside interest buying our debt, which now will cost us more to pay back with two credit downgrades under our belt. This will probably occur in the first half of President Obama's second term, if he is re-elected. That is why it is so important for Americans to elect rational people who understand how the private sector economy works. That is after all where most Americans live, work and raise their families, not in the theoretical world of Chairman Bernanke's mind.
The fly in Big Ben's ointment is that the stock market lost the average retail investor four years ago and they have not re-entered the market. That is why the volume of shares traded on a daily basis has been pitifully low over that time. Any exposure the average American has to the market is through retirement accounts, which will be worth much less because of the inflation that will occur as a result of printing dollars to buy the mortgage-backed securities. To make matters worse, the new round of quantitative easing is open-ended. Which means Ben will fire up his magical money machine and print 40 billion dollars a month in perpetuity.
By artificially pumping up the securities market, the Fed has kept bond rates low in order to incentivize investors to move their money into the riskier assets. This has caused the ten year treasury bonds to be kept at historic lows, under two percent for the last year. The ten year bond is the basis for interest rates. It is also one of the mainstays of pension and other retirement vehicles. By keeping the bond rates artificially low to pump up the stock market, Mr. Bernanke has taken money away from current retirees.
All the money that Ben Bernanke and the Fed is pouring into the market has to come out of the market at some later date. This is economic law that even the feckless Fed Chairman can not violate. When that happens, interest rates will sky rocket and inflation will rise to a level we have not seen since the Carter administration. This will also facilitate outside interest buying our debt, which now will cost us more to pay back with two credit downgrades under our belt. This will probably occur in the first half of President Obama's second term, if he is re-elected. That is why it is so important for Americans to elect rational people who understand how the private sector economy works. That is after all where most Americans live, work and raise their families, not in the theoretical world of Chairman Bernanke's mind.
Thursday, September 13, 2012
The Left's Religious Intolerance
It's not surprising that the first reaction of the Obama administration to the attacks on U.S. sovereignty in Egypt and Libya was to apologize. After all, it was then Illinois state senator Barrack Obama, who just days after the terrorist attacks in September of 2001, wrote an op ed column blaming the U.S. for the attacks. Further insult was added to the injury of four American deaths when the President praised the Libyan security forces, who it turned out, told the angry mob where to find Ambassador Stevens after they had moved him to a safe location per diplomatic protocol. The President and Secretary of State Clinton condemned the attacks later in the day in "the strongest terms possible", whatever that means. What are those terms?
These events are not surprising to anyone who has watched this feckless administration bumble its way through almost four years of economic and foreign policy incompetence. The larger issue illuminated by statements from the administration is the left's bastardization of American values in order to advance an ever bigger government. Secretary Clinton said that religious tolerance is the cornerstone of our democracy. This is interesting in so much as religious tolerance is not mentioned in the Constitution, the Declaration of Independence or any other founding documents. It is religious freedom that is the cornerstone of our democracy. This may seem to you to be splitting hairs, but it is an important distinction. Hillary chose the word tolerance over freedom because religious freedom empowers the individual and religious tolerance empowers the government. Religious freedom limits the authority of government over faith. Conversely, religious tolerance empowers the government to limit the expression of faith.
Both the Secretary of State and the President talked about respect for all religions, however the actions of the left do not support this concept in the least. One only needs to look at how Mitt Romney's Mormon faith has been ridiculed by Obama campaign surrogates to understand that the left doesn't respect the faith of those they oppose politically. Further evidence of the left's religious intolerance can be traced over the last 20 years. Whether it is taxpayer money that was used by the National Endowment for the Arts to fund an exhibit which included a crucifix in a jar of urine or the sculpture of the Virgin Mary made from elephant dung, the left seems to have no religious respect for Christianity. Christians are being tortured and slaughtered on a daily basis in Muslim countries and we are suppose to have tolerance for those engaging in the slaughter. Again, when religious tolerance is the value instead of religious freedom, we allow the government to decide which religions are tolerated and which ones can be mocked, ridiculed and ultimately have their followers murdered for their faith.
These events are not surprising to anyone who has watched this feckless administration bumble its way through almost four years of economic and foreign policy incompetence. The larger issue illuminated by statements from the administration is the left's bastardization of American values in order to advance an ever bigger government. Secretary Clinton said that religious tolerance is the cornerstone of our democracy. This is interesting in so much as religious tolerance is not mentioned in the Constitution, the Declaration of Independence or any other founding documents. It is religious freedom that is the cornerstone of our democracy. This may seem to you to be splitting hairs, but it is an important distinction. Hillary chose the word tolerance over freedom because religious freedom empowers the individual and religious tolerance empowers the government. Religious freedom limits the authority of government over faith. Conversely, religious tolerance empowers the government to limit the expression of faith.
Both the Secretary of State and the President talked about respect for all religions, however the actions of the left do not support this concept in the least. One only needs to look at how Mitt Romney's Mormon faith has been ridiculed by Obama campaign surrogates to understand that the left doesn't respect the faith of those they oppose politically. Further evidence of the left's religious intolerance can be traced over the last 20 years. Whether it is taxpayer money that was used by the National Endowment for the Arts to fund an exhibit which included a crucifix in a jar of urine or the sculpture of the Virgin Mary made from elephant dung, the left seems to have no religious respect for Christianity. Christians are being tortured and slaughtered on a daily basis in Muslim countries and we are suppose to have tolerance for those engaging in the slaughter. Again, when religious tolerance is the value instead of religious freedom, we allow the government to decide which religions are tolerated and which ones can be mocked, ridiculed and ultimately have their followers murdered for their faith.
Monday, September 10, 2012
An Alternative 9-11 History
Following is an alternative history after the terrorist attacks on September 11, 2001 had the hand of providence not been present in the Presidential election the previous year.
One Year Anniversary of 9-11: Throughout this first year after the attacks several bridges, including the Brooklyn and Golden Gate, have been destroyed by terrorists. Several landmark buildings, including the Sears Tower and the Empire State building have also been partially or completely destroyed by radical Islamic terrorists. Three million more of our fellow countrymen have been murdered. President Al Gore, against the very vocal protestations of Vice-President Joe Lieberman, has placed all branches of the military on a non-aggressive stand-down while he allows for diplomacy to sprout results.
Two Year Anniversary of 9-11: President Gore has convened a new federal agency at the behest of Osoma Bin Laden to advise the Joint Chiefs of Staff. The new agency is called, The Office of Muslim Outreach. The agency, according to the President is only advisory and its mission is to help America become more aware of the offenses we have committed against the Muslim world.
Three Year Anniversary of 9-11: In an attempt to be less offensive to the Muslim world, President Gore has replaced Joe Lieberman as Vice-President. Citing his Jewish heritage as "culturally insensitive" to Islam.
Four Year Anniversary of 9-11: After winning re-election by reducing terrorist attacks using a program of appeasement, President Gore places the new Office of Muslim Outreach in charge of the Joint Chiefs of Staff. The agency has the final word on any and all issues regarding all branches of the military. He awaits a further reduction in attacks on U.S. targets as promised by Osoma Bin Laden.
Five Year Anniversary of 9-11: President Gore, through executive order, makes it illegal for any public criticism of Islam or of any Islamic leaders. As part of the new order, "Islamic terrorist" in addition to 13 other such words and phrases are punishable by severe prison terms.
Six Year Anniversary of 9-11: President Gore convinces the United Nations to support Al Qaeda's bid to unify the Middle East, including the land that was once Isreal, under its control and leadership. Millions of Jews are immediately killed or imprisoned.
Seven Year Anniversary of 9-11: The United States Supreme Court, after having been stacked with sympathetic justices, supports President Gore's arguments for suspending the general election that would have normally taken place this fall.
Eight Year Anniversary of 9-11: At the "recommendation" of The Office of Muslim Outreach, all homosexuals are banned from serving in the military and government. They are also banned from publicly acknowledging their homosexuality.
Nine Year Anniversary of 9-11: In an effort to be less offensive to Islam and to further reduce attacks, President Gore issues an Executive Order stating that any and all public demonstrations must be authorized by The Office of Muslim Outreach.
Ten Year Anniversary of 9-11: The United States Supreme Court, in an effort to be "Muslim Sensitive", replaces the Constitution with Sharia law. Anyone, Muslim or non-Muslim, breaking the law will be dealt with using the prescriptions outlined in the Koran.
Eleven Year Anniversary of 9-11: President Gore's final act of appeasement is to issue an official U.S. government document stating that all the attacks of the last eleven years were perpetrated by the U.S. government. President Gore dies mysteriously in his sleep and is replaced in the Oval Office by Osoma Bin Laden.
Click here to check out my political song parodies.
One Year Anniversary of 9-11: Throughout this first year after the attacks several bridges, including the Brooklyn and Golden Gate, have been destroyed by terrorists. Several landmark buildings, including the Sears Tower and the Empire State building have also been partially or completely destroyed by radical Islamic terrorists. Three million more of our fellow countrymen have been murdered. President Al Gore, against the very vocal protestations of Vice-President Joe Lieberman, has placed all branches of the military on a non-aggressive stand-down while he allows for diplomacy to sprout results.
Two Year Anniversary of 9-11: President Gore has convened a new federal agency at the behest of Osoma Bin Laden to advise the Joint Chiefs of Staff. The new agency is called, The Office of Muslim Outreach. The agency, according to the President is only advisory and its mission is to help America become more aware of the offenses we have committed against the Muslim world.
Three Year Anniversary of 9-11: In an attempt to be less offensive to the Muslim world, President Gore has replaced Joe Lieberman as Vice-President. Citing his Jewish heritage as "culturally insensitive" to Islam.
Four Year Anniversary of 9-11: After winning re-election by reducing terrorist attacks using a program of appeasement, President Gore places the new Office of Muslim Outreach in charge of the Joint Chiefs of Staff. The agency has the final word on any and all issues regarding all branches of the military. He awaits a further reduction in attacks on U.S. targets as promised by Osoma Bin Laden.
Five Year Anniversary of 9-11: President Gore, through executive order, makes it illegal for any public criticism of Islam or of any Islamic leaders. As part of the new order, "Islamic terrorist" in addition to 13 other such words and phrases are punishable by severe prison terms.
Six Year Anniversary of 9-11: President Gore convinces the United Nations to support Al Qaeda's bid to unify the Middle East, including the land that was once Isreal, under its control and leadership. Millions of Jews are immediately killed or imprisoned.
Seven Year Anniversary of 9-11: The United States Supreme Court, after having been stacked with sympathetic justices, supports President Gore's arguments for suspending the general election that would have normally taken place this fall.
Eight Year Anniversary of 9-11: At the "recommendation" of The Office of Muslim Outreach, all homosexuals are banned from serving in the military and government. They are also banned from publicly acknowledging their homosexuality.
Nine Year Anniversary of 9-11: In an effort to be less offensive to Islam and to further reduce attacks, President Gore issues an Executive Order stating that any and all public demonstrations must be authorized by The Office of Muslim Outreach.
Ten Year Anniversary of 9-11: The United States Supreme Court, in an effort to be "Muslim Sensitive", replaces the Constitution with Sharia law. Anyone, Muslim or non-Muslim, breaking the law will be dealt with using the prescriptions outlined in the Koran.
Eleven Year Anniversary of 9-11: President Gore's final act of appeasement is to issue an official U.S. government document stating that all the attacks of the last eleven years were perpetrated by the U.S. government. President Gore dies mysteriously in his sleep and is replaced in the Oval Office by Osoma Bin Laden.
Click here to check out my political song parodies.
Sunday, September 9, 2012
An Election Pre-postmortem
After watching highlights (or in the case of the Democrats, low lights) of the conventions, I am convinced that Mitt Romney and Paul Ryan will wrestle the White House away from Barrack Obama and Joe Biden. The President's campaign seems to be entirely based on, "Don't judge me on my performance, I promise I'll do better in a second term." And while this message may motivate the die hard Obama-maniacs to vote for "The One", I think the majority of the voters this November want and deserve something better for our country.
That being said, what will the political landscape look like after the election? I know the Jurassic media will be pulling all-nighters plotting the personal destruction of President Romney and Vice-President Ryan. They, along with the Democrats in Congress, will mis-direct the country's attention away from the mess that the current administration has left and somehow blame it on the new administration. Poor Barry, George Bush left him a bigger mess than he could fix in four years, and now Mitt Romney is reversing the brilliance that was the Obama policy. And once the Romney-Ryan remedy begins to breathe new life into a comatose economy, the Democrats and Jurassic media will say, "See, Obama's policies are starting to work."
As for the out-going President Obama, I am sure he will not show the same grace to Mitt Romney as was shown to him by George W. Bush. He will do everything in his power, as will the decreased number of Democrats in Congress, to make the transition of power as tough as possible. Just as Bill Clinton did with George W. Bush in 2000. The Clinton gang deliberately misinformed George Bush about times and locations of important transition meetings and pulled the childish stunt of removing all the Ws from the White House keyboards. While Bill Clinton was acting like a petulant child, Hillary was stealing the White House silverware. I shudder to think what is going to happen with the Obamas, they are without even the modicum of civility and decency into which the Clintons sometimes accidentally swerve.
My guess is that all the Democrats' petty and infantile behavior will not tarnish the grace and decency of Romney-Ryan. Nor will it dissuade them from the task at hand, which is to reverse four years of the Obama doctrine of hastening America's economic and military decline. My fervent wish for the United States of America is that the country that rises from the ashes that is the Obama administration, will be a stronger nation that is more resistant to falling for the immorality of the Marxist ideology. A nation that will once again live up to exceptional nature which has allowed it to advance the human condition and be a source of good in the world like no other nation in history.
That being said, what will the political landscape look like after the election? I know the Jurassic media will be pulling all-nighters plotting the personal destruction of President Romney and Vice-President Ryan. They, along with the Democrats in Congress, will mis-direct the country's attention away from the mess that the current administration has left and somehow blame it on the new administration. Poor Barry, George Bush left him a bigger mess than he could fix in four years, and now Mitt Romney is reversing the brilliance that was the Obama policy. And once the Romney-Ryan remedy begins to breathe new life into a comatose economy, the Democrats and Jurassic media will say, "See, Obama's policies are starting to work."
As for the out-going President Obama, I am sure he will not show the same grace to Mitt Romney as was shown to him by George W. Bush. He will do everything in his power, as will the decreased number of Democrats in Congress, to make the transition of power as tough as possible. Just as Bill Clinton did with George W. Bush in 2000. The Clinton gang deliberately misinformed George Bush about times and locations of important transition meetings and pulled the childish stunt of removing all the Ws from the White House keyboards. While Bill Clinton was acting like a petulant child, Hillary was stealing the White House silverware. I shudder to think what is going to happen with the Obamas, they are without even the modicum of civility and decency into which the Clintons sometimes accidentally swerve.
My guess is that all the Democrats' petty and infantile behavior will not tarnish the grace and decency of Romney-Ryan. Nor will it dissuade them from the task at hand, which is to reverse four years of the Obama doctrine of hastening America's economic and military decline. My fervent wish for the United States of America is that the country that rises from the ashes that is the Obama administration, will be a stronger nation that is more resistant to falling for the immorality of the Marxist ideology. A nation that will once again live up to exceptional nature which has allowed it to advance the human condition and be a source of good in the world like no other nation in history.
Wednesday, September 5, 2012
The Historic President
When Barrack Obama was elected President of the United States in 2008, everyone understood the historic nature of the first black man to be elected to that high office. However, what many did not understand is just how historic his presidency would be for reasons that have nothing at all to with his race. Even people like me, who understood his radical ideology, could not have foreseen the negatively historic nature of Barrack Obama's first term in office.
He made history from the start by orchestrating, along with the unions, a take-over of General Motors. He confiscated the bondholders equity and gave it to the unions, and along with the Government, they've owned it ever since. Vice-President Joe Biden likes to say that the President saved GM, however their share price is almost half of what it was from the initial public offering almost two years ago. The government can not sell its 40 percent stake in GM because of the low share price. The Congressional Budget Office has stated that 35 billion dollars of the GM loan will never be repaid. And, to make matters worse, GM can not hire quality executives because of the salary restrictions placed on the company as a result of the government's part ownership. If you couple that along with the fact that GM is hemorrhaging money on their electric car, which nobody wants to buy and the government is forcing them to build, you have a dire situation for GM.
The President's health care law was another historic milestone in his Presidency, as well as in the country's history. Never before has a major piece of legislation been passed into law with only one party support. In fact, the only bi-partisanship in relation to the health care law, was against it. Some Democrat lawmakers joined Republicans in voting against the government's take-over of the nation's health care system. Obamacare is still the most unpopular law of all time, with close to 70 percent of the population supporting its repeal.
Under President Obama the United States triple A credit rating was downgraded for the first time in history. Along with that historic event is the largest debt in our nation's history, 16 trillion and counting. When Barrack Obama was inaugurated the national debt stood at 10.6 trillion. He has added more debt than any other president, measured in dollars or as a percentage of GDP. In fact, he has added more debt than the first 42 presidents combined. The President and his Senate majority leader, Harry Reid, have refused to pass a budget for the country since he's been President, another historic first.
President Obama has made history on the unemployment front, with the longest period in our nation's history with an unemployment rate above 8 percent, a whopping 43 months. The unprecedented unemployment coupled with twice as many people receiving food stamps as when Barrack Obama took office, makes for a dismal picture for the future. He will be the first President to end his term with fewer people working in the country than when he was inaugurated.
Oh yeah, there is at least one more area where President Obama has made history, the amount of golf played, the number of fundraising events attended and the number of vacations taken. It's unfathomable the amount of damage he could have done the last four years if he had actually worked full-time.
He made history from the start by orchestrating, along with the unions, a take-over of General Motors. He confiscated the bondholders equity and gave it to the unions, and along with the Government, they've owned it ever since. Vice-President Joe Biden likes to say that the President saved GM, however their share price is almost half of what it was from the initial public offering almost two years ago. The government can not sell its 40 percent stake in GM because of the low share price. The Congressional Budget Office has stated that 35 billion dollars of the GM loan will never be repaid. And, to make matters worse, GM can not hire quality executives because of the salary restrictions placed on the company as a result of the government's part ownership. If you couple that along with the fact that GM is hemorrhaging money on their electric car, which nobody wants to buy and the government is forcing them to build, you have a dire situation for GM.
The President's health care law was another historic milestone in his Presidency, as well as in the country's history. Never before has a major piece of legislation been passed into law with only one party support. In fact, the only bi-partisanship in relation to the health care law, was against it. Some Democrat lawmakers joined Republicans in voting against the government's take-over of the nation's health care system. Obamacare is still the most unpopular law of all time, with close to 70 percent of the population supporting its repeal.
Under President Obama the United States triple A credit rating was downgraded for the first time in history. Along with that historic event is the largest debt in our nation's history, 16 trillion and counting. When Barrack Obama was inaugurated the national debt stood at 10.6 trillion. He has added more debt than any other president, measured in dollars or as a percentage of GDP. In fact, he has added more debt than the first 42 presidents combined. The President and his Senate majority leader, Harry Reid, have refused to pass a budget for the country since he's been President, another historic first.
President Obama has made history on the unemployment front, with the longest period in our nation's history with an unemployment rate above 8 percent, a whopping 43 months. The unprecedented unemployment coupled with twice as many people receiving food stamps as when Barrack Obama took office, makes for a dismal picture for the future. He will be the first President to end his term with fewer people working in the country than when he was inaugurated.
Oh yeah, there is at least one more area where President Obama has made history, the amount of golf played, the number of fundraising events attended and the number of vacations taken. It's unfathomable the amount of damage he could have done the last four years if he had actually worked full-time.
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