Posts Tagged ‘President Obama’

“Listen to me now: No president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years”- Bill Clinton

Clinton also described Obama as “a man who is cool on the outside but who burns for America on the inside”, also Clinton stated that Obama has “laid the foundation for a more modern, more well-balanced economy.”

There a few problems with these statements uttered by the somewhat revered former President at the DNC recently.

Praiser’s of President Clinton’s words need to keep in mind that President Obama did not “find” these problems, he did not “inherit” the problems either. Obama spent a fortune of other peoples money and lots of his own to get the office of the President. The man didn’t fall out of the sky and into the oval office, he worked hard to get there. To say that he simply “inherited” or “found” the issues facing America when he took office implies that he was out of touch, uninformed, and frankly not ready for the Presidency. All of which were criticisms leveled by Republicans toward Obama that were vehemently denied and fought against by Obama supporters.

This type of rhetoric isn’t new to politics and Clinton knows this. Bill Clinton was openly blamed for 9/11 by many neo-conservatives who claimed that he gutted the military and made it possible for those terrorist acts to occur. They claimed that George Bush had inherited an America with weak national security. Clinton received a lot of blame through the first four years of  the Bush era from Republicans, the rhetoric was used as a crucial part of his re-election campaign in 2004.

It was the success of the Bush administration’s ability to convince its base that Bush wasn’t a bad President and that he just needed four more years of work that has inspired this very same propaganda by the Obama administration. It worked once, why couldn’t it work twice?

The next fallacy in Clinton’s statements was that he said Obama has “laid the foundation for a more modern, more well-balanced economy”.

It is the tendency of central planner types to assume that they are solely responsible for the growth and success of the economy. I find the hypocrisy of this mindset to be so blatant that I can’t conceive of how it is missed by so many. Think back to the much vaunted comments made a while back by Obama claiming that “you didn’t build that, somebody else did”. His comments set out to remove the individualism of America to remind us that government has an important role to play. He didn’t say that business didn’t accomplish anything, he said that business didn’t accomplish anything without some form of government assistance. But apparently in the mind of Bill Clinton this isn’t a 2 way street. Government is crucial to the success of business, but businesses and business people are not crucial to the success of  the economy and/or the government. If Obama has “laid the foundation” for this “more modern, more well-balanced economy” then all of the reinvestment, cost cutting, and entrepreneurship of Americans and American businesses  has absolutely no effect on the future of our economy.

The success or failure of the economy moving forward is the sole ownership of Barack Obama if you are willing to accept these remarks as the truth. After all, if you built a brand new house and 3 years later the house collapsed due to a bad foundation you would probably call the guy who laid the foundation and demand restitution. Obama should and will be held to the same standards, if we are willing to forgive Obama for his first lets say 2 years (which is an arbitrary number decided upon by the excuse makers) because he was busy digging out of a hole then from those 2 years forward it is all his. If they are willing to say it took 2 years to dig out of the hole then they are saying that the hole was dug out of in 2 years, right? So around late 2010 early 2011 President Obama’s term began fresh, clean and unimpeded by his predecessor. I am holding every single one of you to that.

If you are willing to put a lot of faith in the words of Bill Clinton and praise him for his wisdom then you had better be willing to own up to what that “wisdom” entails. If you are Barack Obama and you are willing to let him march out into public and speak on your behalf and convince America that you are the best thing for the future because you have “laid the foundation for a more modern, more well-balanced economy” then you had better be willing to take responsibility for the words that he speaks on your behalf.

In my estimation, if President Obama is responsible for the “foundation” of the future economy we are screwed. The foundation he has laid is based on the Federal Reserve continuously pumping more money into the economy to keep it from seizing and collapsing a practice which risks monetary inflation. The foundation he has laid is based on the Federal Reserve mandating that rates be held artificially low for an open ended amount of time to encourage lending of easy money which can lead to the gambling and irresponsible investment behavior blamed for the housing collapse in 2008-2009. The foundation that he has laid is based on the Federal Reserve, a consortium of privately owned banks, buying our national debt and using it as a backer for printing more money (monetizing the debt) risking hyperinflation.  The foundation he has laid is based on buying up failing businesses and interrupting the business cycle to “save” jobs. The foundation he has laid is based on an ever increasing number of unemployed workers, an increasing number of people collecting welfare, and persons claiming disability (a common trick for the long term unemployed who can no longer collect unemployment benefits is to go onto disability).

Thank you Bill Clinton for clarifying for all of us who is responsible for the “more modern and more well-balanced economy” that we have to look forward to.

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Pump, pump, pump it up!
Pump that bullshit economy up!
Keep, Keep, Keep it afloat!
Keep that false economy afloat!
Ben Bern-yank-me, the chairman of the Federal Reserve, reminds me of a cheerleader chanting this cheer as he relentlessly pushes the print button on the printing press. Please don’t confuse the wild look in his beady eyes with anything resembling a spark of monetary responsibility. This guy is nothing but a puppet on a string for the Obama administration.
The latest announcement from The Fed is nothing more than a propping mechanism intended to temporarily keep the economy from collapsing and aid Barack Obama with his re-election efforts. From the beginning, this administration has been thick as thieves with the banksters. The fascist back scratching favors that Obama did for them are being returned with repeated rounds of “quantitative easing” from the central bank. This disgraceful disregard for the economic future of our great nation is, in my opinion, bordering on treason.
Here is a little analogy that I came up with to describe the state of the economy and what QE can do for it:
The stew (economy) is on the stove. The pot is there (able workers with a desire to work), the stove top is there (factories and manufacturing facilities), the flame is lit and burning.
Unfortunately, the stew has been scorched because of poor kitchen management (systemic issues with Congress and the office of the President). The meat (jobs) and potatoes (profits) are shriveled and burned beyond recognition. But don’t worry the sous chef (Bernanke) has a gallon of milk (QE) he is going to pour in and create “liquidity”. All of this milk should magically cure the charred meat and shriveled potatoes!
No matter how much milk he pours into that pot, there will not be an edible stew. The basis of that stew is ruined. The pot needs to be scraped clean and new meat and potatoes need to be added. The recipe for stew does not need to be changed, stew has been delicious and essentially the same for a few thousand years. What needs to change are the kitchen help (Congress) who keep walking by and taking a spoon full of the broth out for tasting, never intending on putting more broth in which results in the stew scorching. The chef (the President) thinks he is being clever and can fool the customers. After the stew was scorched, the chef walked into the restaurant and announced to the patrons, “we are proud to introduce our new improved stew” and talked of its deliciousness as the patrons scrunched their noses and spit the stew back into the bowl. The chef ordered his kitchen help to distribute free bread (health insurance, low interest loans, welfare) to the customers and convince them that the stew was actually appetizing now with the bread. The stew is a poor product and the bread will only pacify the paying customers for so long. The chef knows that his stalling tactic will not solve the problems that his kitchen has, but it has bought him a little more time.
It is easy to imagine that a restaurant with this type of kitchen management would go out of business very quickly. So why is it so difficult for people to understand this same logic applies to government?
With every round of QE we take one more step toward an irreversible fiscal disaster brought on by unchecked expenditures by the Federal Government, crushing debt, and inflation caused by reckless monetary policy. The measures being taken by Obama and his administration are temporary measures and are not intended to help a recovery or foster growth, these measures are intended to slow the collapse to a “manageable” speed. Mark my words, if Romney is elected this thing will unravel at record speed as he assumes office….just as it did to Obama when he took office. Obama’s stall tactics have succeeded in keeping the economy from falling apart for 4 years, he will pull the plug on it as he exits. On the flip side, if Obama is re-elected we will begin to hear him call for austerity. It will go over with the entitlement crowd here in the US just as well as it went over with the entitlement crowd in Greece. Obama, who is prone to placating to the welfare warriors, will attempt to jack taxes on the 50% of Americans who still pay them and alienate the small businesses of America even further with heavy taxation, fees, etc.
In my opinion, by 2016 America will be much, much different than it is today, and that will hold true regardless of which one of the two evils gets elected.

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