Category Archives: economics

The Growing Isolation of Barack Obama

The last 24 hours may prove to be the most catastrophic day yet for the political fortunes of Barack Obama.

Yesterday, in a bitter move, Even Bayh (D-IN) withdrew from the Senate race, forfeiting his seat to the Republicans and giving his party only four working hours to find a replacement.

Then today, news came out that China has decided to scale back its bail-out of the US Treasury (which needs the money, because of the bailouts of Obama campaign supporters, such as the Detroit and Wall Street speculators).

Obama has known since the beginning that he is selling our country to the Chinese to pay for his expansion of the Welfare State. I wonder if the Law Instructor was smart enough to know that he was selling his own agenda, too?

The Obama Economy

The common theme of this video and this news

… is that powerful people are taking our country away from us. Whether it’s Tim Geithner’s friends looting the Treasury, or the Obama White House claiming that it has the exclusive right to license public domain images, the arrogance of power coming from the White House and Treasury Department is awful.

The Purposeful Destruction of our National Infrastructure

The infrastructure of our nation — our science and our markets — are being dismantled to enrich Friends of the Administration

The Colbert Report Mon – Thurs 11:30pm / 10:30c
The Word – Honor Bound
Colbert Report Full Episodes Political Humor Economy

Capitalism and markets work. Innovation works. It is the fast-pace of innovations in videogames that lets a $99 Wii balance board outperform a $17,885 medical device in tests. Science lets us build machines by the atom

Instead, we destroy our markets and our scientists by subsidizing casino cronyism. The HUD announced it will subsidize house flipping

While it’s funny that our country is so science-illiterate that an 11-year-old’s science fair project leads to a lockdown, bomb squad, and suspension. But there’s nothing at all funny about what the Oligarchs are doing to our country.

So what do we do?

*: Fire Bernanke.
*: Celebrate those who refuse to transfer wealth to the Friends of the Administration
*: Take away this Administration’s super-majority in the Senate.

Fight the Oligarchs. Fire Bernanke.
Fight the Oligarchs. Fight the speculators.
Fight the Oligarchs. Defeat Martha Coakley.

The Child Pornography Bailout

In Minneapolis, there was a “security scare” when airport security discovered a bag that belonged to… airport security.

Across the country, we are install machines capable of taking high-resolution 3-dimensional nudge images of children.

There is another universe, in which incompetent government workers are dismissed, where major contractors are not chosen by naked favoritism, and where the new airport security machines will not become the most lucrative black market source for 3D child pornography every discovered.

We do not live in this world.

Obama will not push through reforms that would end political favoritism.

He’s too busy bailing out failing companies.

Capitalism is the system of destroying failures.

Our political class is in the business of supporting them.

The New Year

It is now the Year of Our Lord  2,010.

The series of disasters and catastrophes are country has faced in the past year is entirely predictable, in retrospect, given that the year began with Secretary of the Treasury Hank Paulson and ended with Secretary of the Treasury Tim Geithner.

Some good things are happening at the strategic level. Bush’s handling of the War on Terrorism has been so subtle and adept that it is hard to imagine a grand screw-up. And on education, Obama has taken the baton from President Bush, and pushed hard to give us a real education system, starting with taking as much decision-making authority as possible away from teachers, school districts, and states.

But with regards to economics… I’ll let our President’s European friends do the talking…

Today, his historic Health Reform is being passed through the American Senate – a welfare policy breakthrough that several of his predecessors have been unable to manage.

Obama’s greatest accomplishment so far has been his “breakthrough” push to expand the Welfare State. With regards to finance, he appointed traitors such as Tim Geithner to high positions. Ben Bernanke will keep his job. The looting of America by the Oligarchs will continue — indeed, it’s accelerating.

No one can seriously believe that the actions of Goldman Sachs CEO Lloyd Blankfein have been less harmful to our country than, say, Julian Rosenberg. No one can believe that Henry Paulson is any more loyal to the country over his secret connections than, say, Aldrich Ames. No one can believe that Tim Geithner is any more honest and capable an official than Aaron Burr.

No one can see a reasonable way out of this situation. As wonderful as Obama ordering the military detention of Geithner would be, that line of thinking is likely to be as productive as the “right bomb in the right place” terrorism that V.I. Lenin dismissed.

America will have a chance to be great. Bush’s foreign policy success, along with the joint Bush-Obama education push, and the wealth we are now spending through will give us this chance. But it’s hard to see how we’re on a glidepath for anything other than an negotiated surrender to the hosts of history.

Our Third World Country

Our Third World Country

The economy may never recover from decisions of the late Bush Administration and the early Obama Administration.

Our pundit class does not think we are the future.

Our Administration is making up employment numbers.

Our voting machines are easily hackable, unlike in mature democracies, such as Brazil.

AIG’s bailout succeeded… in transferring billions from the government to banks in no-strings-attached, never-pay back loans.

Under the late Bush and early Obama administrations, the U.S. transformed into a state that acts like a third-world country.

No wonder China shut Obama off. We don’t offer free TV time to the President of Uruguay, either.