Tag Archives: baby boomers

The Affirmative Action President: How Barak Obama has brought the USA to the Brink of Disaster

In the final analysis, with the benefit of 20/20 hindsight, it’s abundantly clear that Professor Obama has no clue how to be President of the United States. His incompetence has been on display from day one but now it an undeniable sick feeling in the guts of every thinking American. America, led by the Baby Boomers, wanted to be the ones who ended racism and so they elected an articulate black man to the presidency in spite of his have no qualifications to hold that office. Neo-Marxist Democrats saw a black “leader” who could speak Standard English, have an appealing smile, and who can say anything without being challenged by the press; and they thought their chance to vote in a messiah had come.
It turns out that being President is about being truthful, more than reading a teleprompter flawlessly; it’s about love of America more than being a citizen of the world or a lover of “Social Justice” and it’s about being an honorable man more than being a party man. Professor Obama is clear that he feels the Constitution is a “charter of negative liberties” and in his term as president he’s never let the constitution stop him from pursuing a Marxist College Professors agenda. He rammed through Obama Care, stimulus legislation and a spending spree that may well be the death warrant of the US Dollar as well as doing permanent damage to our national dialog with his highhanded arrogance.
Obama is the living personification of a failed idea—– that big government can be anything other than absolutely corrupt.

Big Government serves itself, not the people, as the empty trust funds of our entitlements and our bankrupt, looted, state pensions eloquently testify. Obama represents a party that created Social Security and Medicare and a vast array of social programs: only to themselves, loot those same programs, and now the money is gone and the bill is due. The money is gone and we have no way to pay what was promised by the Democrats. The Democrats and their grab bag of goodies is revealed to be a cruel hoax and those who believed the democrats will sooner or later understand that they have been played for a fool. To be a Democrat is to be a Mark. Bernie Madoff will look like a saint when the history of the Marxist Democrats is written because their con game has not only destroyed our economy and destroyed our dreams; they may destroy the world economy as a consequence of our national folly. Is Obama a man who can understand this and find a way forward for us all? Increasingly the answer is: NO.
As state government lay-offs begin in earnest, as our creditors threaten our credit rating, as unemployment lingers and as inflation grows; our “affirmative action president” is revealed as a total incompetent who’s now playing chicken with a planetary depression and a world financial crisis with ramifications too horrible to contemplate. The USA has no ability to pass a vote of no confidence and create new elections, which is too bad, because our angry black president would rather destroy the financial world, and all our dreams, rather than admit that the spending has to stop and the national debt be paid. As it becomes clear that the modern Democrat Party is a stealth European Socialist Party; who if any of them will admit that their theory of government is a total failure? A Democrat who can’t spend, can’t survive, and it’s now clear that the spending must stop or the United States of America won’t survive. Who will Obama pick, his party or aby Boomershis country, whom will he save?
Like it or not we’re all about to find out the hard way. I don’t think we’re going to like his choice.

The Costs of an Incompetent Middle East Policy: Petro Dollars are Not Forthcoming While Obama Kisses Up to Iran

 

 

 

Barak Obama is finding the world of the Middle East a bit challenging these days as his latest attempt to coax Arab petro dollars into the world economy was met with a chilly silence from Gulf State Finance Ministers.  I’m sure astonishment and perplexity played a role too, as the Gulf ministers tried to reconcile the economic plea the administration was presenting with their recent abandonment of the moderate Gulf States in favor of the region’s dictator in waiting: Iran.

The entire Middle East has been watching in disbelief as Obama make one mistake after another in Middle East Politics and still has no idea the magnitude of his folly.  Obama’s policy of new friendliness and cooperation with Iran has all the moderate Gulf States, and Egypt, essentially siding with Israel who is trying in vain to “speak truth to ideology.”  Nothing can penetrate the neo socialist ideology that has come to characterize the moral bankruptcy and intellectual depravity of the American Baby Boom Generation. This blind adherence to a pie in the sky utopian socialist ideology was the brew that rendered Jimmy Carter a disaster as President and by all accounts Barak Obama is following suit.  The ideology says that we should be able to have constructive engagement with Iran and settle our differences like peace loving people while the facts on the ground indicate that we better take military action to rein in Iran before they blow up the region and every economy on earth. 

Obama era democrats don’t have a world view: they have a self image based on ideology rather than logic or basic pragmatism. Mr. Obama’s self image demands that he teach us a diversity lesson by making a friend of Iran while alienating all our real friends in the region who doubtless just “don’t get it.”  Foreign Policy via diversity training seminars led by the President of the United States, for the benefit of mankind, and the salvation of planet Earth.  If I were a cynic I might suggest to the President that if he needs to borrow money from moderate Arabs; its best that he not betray them and arrogantly ignore their contribution at least until he has the money in hand. 

Consider this article from the Debka File:

Obama’s SOS to Gulf emirs: Invest in US and global economies

DEBKAfile Exclusive Report

May 7, 2009, 9:33 PM (GMT+02:00)

 

A secret American delegation was sent by US President Barack Obama this week to solicit Saudi Arabian and other Gulf rulers for hundreds of billions of petro-dollars for investment in US and global economic stimulus plans, DEBKAfile‘s exclusive Gulf sources report. They came away empty-handed.

The chilly welcome received by the delegation, which met finance ministers and the heads of banks in Riyadh and the five emirates, was generated by wide disapproval of the US president’s policy of engagement with Iran. Two other US missions had just been and gone, headed by defense secretary Robert Gates and special adviser to the US secretary of state for South Asia and Gulf affairs, Dennis Ross. Both failed to allay Gulf anger and trepidation over this policy.

Our Gulf sources report that the third delegation, which unlike the first two was unannounced, argued that since US economic recovery was not expected to turn the corner before 2011, Gulf investors still had a unique opportunity to partner the US in helping the world economy out of its doldrums. The general message was that if they Gulf rulers fail to invest in US and international markets at this point, they would miss out on the rewards of the recovery.

Not all the data presented to the Gulf officials matched the figures published in Washington and other western countries. They were informed on the quiet that Federal Reserve Governor Ben Benanke had been “premature” in his optimistic forecast of “slightly positive” growth in the second half of this year, particularly in the fields of banking and construction, and a recovery that will “strengthen” next year – even though US Treasury Secretary Timothy Geithner said Wednesday, May 6, it was “a good, independent, credible forecast.”

The Gulf states were urged to help the global economic back on its feet because, according to US data, the Gulf Cooperation Council (GCC) would by the year 2018 rank as the world’s fifth-largest economy after the US, China, Japan and the EU. “As major players in the world economy, you cannot stand on the sidelines,” they were told.

President Obama’s discreet approach figured in general terms at the GCC meeting of heads of state and finance ministers meeting in Riyadh Wednesday, May 6, which was convened to establish a regional central bank. But no decisions were taken.

According to our sources, the negative vibes between the Gulf and Washington over the Obama administration’s policy of favoring Tehran have made these Arab rulers doubly wary of responding to the US president’s appeal for a Gulf stake in US and global economic recovery

An End to Government Predatory Spending: We Need a Tax Revolt at Every Level of Government

 

 

Margret Thatcher the great Prime Minister of the United Kingdom in the Reagan Era once declared that “Socialism never works because eventually you run out of other people’s money.” Our Government has long since exhausted our money and is busy consuming the wealth of other nations to spend its insane spending spree.  Japan is one of our leading buyers of our debt.  Not anymore.  The sad fact is that they’re in worse economic shape than we are by now and they won’t be able to buy or debt much longer. China has recently indicated that they’ll continue to buy for a bit longer but that they “hate us” for what we’re doing to ourselves and the world financial system but they’ve no other option at the moment.  Europe is overjoyed as we are now brought low by socialism and soon our drive and soul will be as empty and cancerous as there’s has been for many years.  Our government has tried spending the Social Security and Medicare trust funds, spending taxpayer money, printing money, borrowing from Arabs and the Japanese and still it has no money.  Still it demands money like an alcoholic whose stinking drunk, throwing a tantrum and destroying their life, ever demanding more and more of the booze that’s killing them.  That’s the United States Government, President Obama, Speaker Pelosi and the entire Democrat party; out of control and on a suicidal course that will destroy all wealth in this nation unless they’re stopped by the people.  The problem is that they’ve run out of other people’s money and the day of reckoning is fast approaching.

The first sign of hope was to come from the unanimous opposition to the Obama Spending Bill in the House of Representatives.  The second sign of hope was briefly from the United States Senate as the Republicans, but for three traitors, continued to oppose the profligate spending that won’t work and will magnify the already astronomical price we’ll pay as the economy goes into depression. One must wonder what would have happened if the three “Republicans in Name Only” had stuck to conservative principles and denied President Obama and the Democrats their fix.  For a time it was encouraging to see people in government find some principles and some courage and stand up to be counted.  Lately hope has been absent in Washington DC as the Obama Spending Bill was signed into law but there have been hopeful signs of resistance from some states.  Some Governors such as Jindal of Louisiana may refuse the money but there was a near revolt in the California State Legislature as Republicans refused for some time to sign off on more taxes. The State of California has been coming apart at the seams, unable to discharge its obligations, unwilling to raise revenue from its plentiful natural recourses and determined to keep spending on a plethora of programs it can’t afford.  There’s only one answer to a California budget crisis and that’s to raise taxes.  California is hemorrhaging jobs as employers flee to other states because you can’t make money in California with a Socialist Legislature picking your pocket every day.  The stand of the California Republicans will be forgotten within days but for a while they personified what needs to happen at every level of government in this nation.

Baby Boom Liberalism, Socialism, Progressivism, Democrat Politics, call it what you will, has one huge flaw to contend with: Big government doesn’t work because all the good intentions turn to corruption, waste, turf wars and dependence over time.  That’s what happened to Ancient Rome and that’s what’s happening to us now.  All those college professors that assured us that this big interventionist government was the way of an enlightened state were simply wrong.  Generations of Americans have come to believe that the New Deal and the Great Society were successes when in fact they failed miserably.  The New Deal prolonged the Great Depression for ten years as socialist interventions scared off capital in an economy where the government kept changing the rules.  But for World War II we might still be in the Great Depression!  Every mistake that FDR made, Obama is repeating now, from insane deficit spending to the encouragement of labor unions.  We can’t afford any more spending and labor unions have destroyed too many industries like government and Automobile manufacturing to be tolerated now. No private company can be competitive with labor unions dragging them down and only government can afford unions because everyone has always seemed to expect them to be insolvent from the beginning.  The President of the United States, Barak Obama is the very personification of progressive big government and every instinct he has, everything he thinks he knows from his impressive ivy league education, is going to steer him into mistake after mistake after mistake.  Those who put their trust in their job, their 401k, or their VISA Platinum or BMW will be weeping bitter tears by the time the Obama Epoch is over.  For all intents and purposes the United State of America has fallen to a silent coupe from leftists who even now vilify Joseph McCarthy while having succeeded in turning us socialist and destroying the market economy in the bargain.

Ronald Reagan assured us that Government is not the solution but the problem and so it is but were about to learn the truth of those words the hard way. 

We have but one way out and it’s simply to stop the spending, sharply reduce the size and scope of government. We need to politically retool the education system so education and progressive politics are forever separated and that political ideologies don’t come to dominate the media. Government is not a force for good in society it’s a bone of contention that represents power that corrupts anyone who spends too much time in its presence. 

The founding fathers were right to say that Government is evil; a necessary evil, but nevertheless evil.  The Baby Boom liberals were wrong to believe that they could make government a force for good and positive social change.  The fact of the matter is that all of America is about to be ruled by the same people and ideologies that made Detroit what it is today.  People are standing around in wonder as the equity in their homes dissolves before their eyes and their 401k are systematically looted by the continuing collapse of the financial markets.  Banks and Car Company’s keep coming back for more billions of tax dollars and their company’s continue to lose money and value while our politicians bankrupt generations of American children to avoid the simple conclusion: Big Government Socialism doesn’t work.

Consider the following clips from an article on Bloomberg about the mess in California: 

 

Feb. 19 (Bloomberg) — The California Senate passed tax increases and spending cuts needed to close a record budget deficit, ending a political deadlock in the Legislature that gripped the Capitol for more almost six days.

The measures moves to the Assembly, where if it is approved would be sent to Governor Arnold Schwarzenegger for his signature.

A $13 billion tax increase passed 27-12 after Republican Senator Abel Maldonado of Santa Maria broke ranks with his party to cast the deciding vote in exchange for support for unrelated changes to election law. His support allowed the budget package to attain the two-thirds majority needed for approval.

Standard & Poor’s on Feb. 2 cut the rating on $46 billion of California’s bonds to A from A+, giving it the lowest credit grade of any U.S. state. A California bond due in 2036 that pays 4.5 percent interest last traded at 82.8 cents on the dollar to yield 5.75 percent.

The revenue proposal would raise the state sales-tax rate to 8.25 percent from 7.25 percent and boost vehicle license fees to 1.15 percent from 0.65 percent of the value of an automobile.

California’s government had slowly began to shut down as politicians debated for four months on how to cut spending or raise revenue to replace lost tax collections.

This week, as no agreement was forthcoming, the state told some 20,000 workers that they may lose their jobs.

The tax increases drew fire from most Republicans, who said they would hurt residents who are already reeling from the worst recession since the 1930s.

“We need to stop treating the taxpayers of California as our personal ATM,” said Senator Tony Strickland, a Los Angeles- area Republican.

Living on Empty: Baby Boom Politics Leave USA Bankrupt and Defenseless

 

 

 

Remember the Oil Shock of the summer? It was our introduction to hard times and as we learned, abruptly, to drive less and hang on to our money; the prices at the grocery store sky rocketed and we discovered just how vulnerable we are because we rely on foreign oil.  Anyone who can manipulate, threaten, or disrupt our supply of foreign oil can fundamentally destroy the United States within a matter of months because our economy begins to crater from the first threat to the oil.

Do you remember the T. Boone Pickens commercials about regaining energy independence?  Do you remember the Drill Here, Drill Now t shirts and bumper stickers? 

Crude Oil is under $40 a barrel right now, down from a High of $150 a barrel just last summer. The Oil Crisis seemed to ignite the subprime crisis and, in turn, ignited the banking crisis; resulting in the near loss of the world financial system, distracting us from our vulnerability to foreign oil.  Demand for Oil sharply dropped from the economic heart attack massive increases in transpiration costs produced. People and Businesses just stopped spending on anything that was not absolutely necessary.  Economic activity around the globe not only lost momentum but began to contract and that trend is with us to this day.    The economic disaster, the sharply reduced demand for oil,  has created a disaster in Russia, Venezuela, and Mexico.  There is the real possibility of political instability in both Russia and Mexico as the crashing of oil prices has destroyed their economy creating increasing political unrest and riots that now threaten the governments in those countries. 

The world economy has slowed to such a degree that there are fully loaded oil ships on the high seas that are just sitting there waiting for the prices to come up and the slack demand to pick up.  Gas prices are up around the country because one of our refineries is facing a potential labor strike even with crude oil at about $37.00 a barrel right now.  Do you remember the sickening feeling of things spinning out of control as the gas prices rose to threaten our household budgets and prices went crazy as the increase costs in shipping made their way through the economy?  What have we done to fix this mess? 

Nothing.

President Obama talks about green energy jobs.  We don’t drill.  We won’t increase our production even as China drills for Oil between Cuba and the USA because the Baby Boom Democrats have come to believe that they’re the friends and saviors of the earth. They seem to believe they must destroy America to save the Earth.   Any meaningful disruption in our oil supply will destroy our economy within months if not weeks.  We know this and we’re doing nothing to increase our domestic energy production: no drilling, no nuclear plants, no refineries, no clean coal, no synthetic oil research and production, no shale oil plants, nothing. Given the financial crisis we can’t fund the additional production and the stimulus bill only is going to wind and solar not nuclear plants, off shore drilling or clean coal technology.

 Ideology is making us vulnerable and stupid in confronting both the energy crisis and the Economic Crisis. Massive Spending to end the Economic Crisis has no possibility of working but if we’re going to sell generations of our children into economic slavery wouldn’t it make sense to take steps that could actually make us energy independent?

Do you remember last summer?

Speaker of the House Nancy Pelosi stalled and prevaricated on any energy legislation until after the election and now she can be assured that this loaded, cocked gun, remains pointed at our head.  I don’t know if she sees herself as a savior of the earth, or if she just cynically paid off a volatile liberal constituency, but her malfeasance and stupidity has cost us precious time. Wind and solar won’t save us next year if the world oil supply is disrupted.  We can make safe nuclear power, clean coal and even oil from shale in sufficient quantity to save us but we don’t because of the ideological purity of Pelosi, Reid and Barak Obama.  Former Vice President Al Gore has declared manmade global warming “settled science” and the ideological zombies in the Democrat party click their heels, salute, and lead us down a suicidal path, rather than acknowledge, as an increasing number of climate scientists do, that Global Warming is a fraud.  All of the energy and infrastructure money in the stimulus bill is for technology that we really don’t know how to , and that’s not ready for prime time, while the steps we can take to break our dependence on foreign oil are ignored because they aren’t politically correct.

Do you remember last summer?

Do you think we won’t face the same scenario again soon?  Do you understand that we have a gun to our head?  Can you imagine how easy it would be for an enemy to disrupt oil supplies by some well placed bombs in the Middle East oil fields or at some refineries anywhere in the world?  We’re like children who stubbornly won’t face the facts of our lives even when we know that our pretend world will kill us but still we cling to our illusions and our ideology.

The one question that no one asked in the oil crisis, or the subprime crisis, or the financial crisis is perhaps the most important one and the most fundamental one we could ask.  If we deliberately act so foolishly as to ignore all the causes of our problems and will only consider solutions that can’t succeed because of our political correctness, and our toxic ideology, do we deserve to survive?  How can we survive without producing our own energy?  The answer is that we can’t.  We know how to build more refineries, nuclear plants, drill offshore, develop shale oil and other technologies but we don’t do it.  If you jump off a skyscraper: you die.  If you douse yourself in gas, and light up a cigarette:  you die.  If you tie yourself to a 1000 lbs anchor and drop it in the sea: you die.  If you don’t increase oil production you can lose the country within months as our economy dies.  We can stop this. We can make this one go away by known and tested technology and drastically reduce our reliance on foreign oil.  What  we can’t get past is the weird environmental religion, of the Baby Boom Democrats, who seem hell-bent on making The United States of America a blazing sacrifice on their alter of self-image and political correctness.

Do you remember last summer?

Astrology Informs Hiring in Europe: Your Astrology Sign Decides If You Get Hired

In a world where the economic system is hanging by a thread, and the planet is staring into an abyss that could make the Great Depression look like a folk dance; this article gives me fresh certainty that were up a creek without a paddle.  Here is the article in its entirety from the Mail Online. 

Of all the articles I’ve read in these ever darkening times: this one takes the cake for being simply astounding for the open use of astrology, the claim of a scientific basis for the practice, and the claim that its not discrimination.  I dare say the practice will catch on in progressive circles here in America if the Neo Socialist Elite of the Obama Administration can be assured it’s not politically incorrect!  Here’s the URL:

There was a time when your skills and job history trumped your sun sign in obtaining employment.  I increasingly miss logic and reason as the basis for argument and decisions.  But if we can believe that we have to borrow our way out a crisis that defecate spending and an ill advised attempt to socially engineer the mortgage system created: than using astrology to hire people seems downright reasonable by comparison. 

http://www.dailymail.co.uk/news/worldnews/article-1135643/We-employ-workers-born-specific-star-signs-says-insurance-company.html#

We only employ workers born under specific star signs, says insurance company

By Mail Foreign Service
Last updated at 3:12 PM on 04th February 2009

 

A row has broken out in Austria after a company tried to recruit workers born under certain star signs.

The Salzburg insurance company posted an advert in major newspapers seeking employees for sales and management that were born under certain constellations, claiming statistics indicated that they were the best workers.

‘We are looking for people over 20 for part-time jobs in sales and management  with the following star signs: Capricorn, Taurus, Aquarius, Aries and Leo,’ read the ad that appeared over the weekend.

It was followed by a wave of protests from equality groups and led to an  investigation by the country’s anti-discrimination authorities.

The company is, however, sticking to its guns and a spokesman explained that  the move was based on statistical research rather than superstition.

‘A statistical study indicated that almost all of our best employees across Austria have one of the five star signs.

‘We only decided to continue with that  system and hire the best workers,’ the spokesman said.

An investigation by Austrian authorities showed that there was nothing illegal in  choosing the employees according to their star signs, as there was no  discrimination according to existing laws about gender, age, racial and other equality.

A spokeswoman for the employee’s association of Salzburg told local TV: ‘When  an employer considers star signs and says: “I want to only hire Pisces, for an  example, it must be assumed that within this group of people born under the sign of Pisces there are old and young people, women and women etc.

‘It does appear like a certain limitation, but it is not discrimination.’

WHATS GOOD FOR GENERAL MOTORS IS GOOD FOR AMERICA!

 

It’s amazing to watch the financial antics in Washington DC and to realize how similar if not identical the plight of the Automakers is to that of the United States of America.  The classic slogan of the past seems to ring true today but in ways that would make our grandparents drop their heads in shame:  “What’s good for General Motors is good for America!”  This was once a slogan of pride in the innovation and industriousness of the “American Way” and of the soundness and independence of our people and our thinking. 

Today it’s a recognition of just how far we’ve fallen from our values and how radical the changes that would save both the USA and General Motors.  There was a time when people would know what had to happen and let it happen believing that we’ll rise from the ashes and regain our edge.  Perhaps that simple faith in “us” and our traditional values is what’s really absent from people today.

So what is it that’s so good for General Motors and the USA that will save us from the fate we arguably deserve and toward which we slide evermore each day?  What’s the answer?  What’s best for the Automakers and this nation? 

BANKRUPTCY

Bankruptcy, and a fundamental restructuring that emphasizes fundamentals over greed, identity politics and that recognizes the real threats of the world as it exists today. Consider the similarities in the plights of the United States of America and the hapless Automakers who are begging congress for your money and your children’s future right now as we speak:

 

Tell the Truth: both the USA and the Auto makers are flat busted broke.

There’s a myth that pervades Washington DC that deficit spending is not a real problem and that the government can ignore it at will.  Nothing could be farther from the truth for the Automakers, the Government or your family or mine.  It is a law of life that we all have to live within our means.  There are limits to borrowing and there are limits to spending and you need an emergency fund for rainy days.  Spending is out of control for the automakers and their labor contracts, the pension contracts the dealerships and a host of outmoded sacred cows that have made the industry non competitive with other car companies.  Washington DC has spent all the money in the social security trust fund, its bankrupted Medicare, it spends money for the pork barrel projects of members of congress and tax dollars have long been used to buy votes of various “victim” groups.  Couple this with the disastrous looting of American Wealth done by the Federal Reserve and you have insanity that’s indistinguishable in stupidity and breadth from the Automakers that Congressmen are busy condemning.

Tell the Truth: Labor costs are  making us uncompetitive in the Auto industry while the second highest corporate tax rates are outsourcing all our jobs!  

You can’t pay a big three autoworker $80/hour in compensation when one for Toyota gets $35/ hour and produces a better car.  You can’t do all the exorbitant pensions and Union goodies that have been added on over the years and expect to stay competitive with a company who has half your labor costs.  By the same token you can’t tell American companies that you’re going to tax them at the highest or second highest corporate tax rates in the world and not expect them to outsource their production to more tax friendly locations.  Most of the money the government gets is wasted anyway and corporations have a duty to their shareholders to operate in the most efficient way possible so as to maximize shareholder investment.  Corporations work for their Shareholders.  Government works for the people of the USA.  We’re in an age where government thinks that Corporations and the people work for them and that must change or the America we knew is dead.

Tell the Truth: Pension costs and entitlements are killing us and our financial viability long term.

It sure would be nice to live in a world where you work for one company all your life and get this amazing pension that keeps up with inflation and never dries up.  That’s not the world we live in or that we ever have lived in and it’s abundantly clear that pension funds not under a person’s individual control will either be looted by the government or eventually defaulted on by a company that can’t support such elaborate structures anymore.  Either the Automakers get out of the pension business or they are destined to be destroyed by their inability to sustain them.   Either the person retains control or a politician will steal the money to save baby polar bears and produce social justice programs that never solve the problem. Unions can’t solve and should not be involved in pensions, politics, or in half the stuff they have their fingers into.  Unions that don’t understand that as the company goes, so goes the union, are like cancer in the workforce: they destroy the company and the workers who they started out trying to protect.  The Government is in the same boat because soon the entire federal budget is projected to be spent on entitlements.  No military, no roads, nothing except Social Security and Medicare.  Something has to change.  Someone has to step up.  That’s us because you can’t outsource your retirement to a union or a government, and then pretend to be amazed when retirement comes and the money’s gone.  If you aren’t saving: you likely won’t retire, even if you’re an autoworker!

Tell the Truth: both the USA and Auto Makers are bound in a tangle of commitments that’s strangling us.

The Automakers have a crazy, costly and cumbersome relationship with dealers and such that are killing them.  Did I mention costly?  The dealership structure needs to be overhauled and they need standards and practices for the 21’st century.  The same could be said of the government who still has substantial military forces all over the world; including Europe, NATO, South Korea, the Middle East and so on, that costs us a fortune.  We need a government that is half the present size and that works smarter, not harder, and whose scope of operations has been limited to what is absolutely necessary.  All the middlemen, the bureaucrats, the unproductive, obsolete jobs that should have been cut long ago; but for an out of control union or a self perpetuating bureaucrat with political connections, need to go.  Unions need to be kicked out of government service and some kind of incentive system must take the place of perpetual 10% increases in spending each year to justify your existence as a department. The deficit teaches both the automakers and Washington the same lesson:  Tame your entanglements and bureaucrats or they will destroy you.

Tell the Truth: No one wants to invest in something that may crash the next day.

I’m not going to buy an American Car until they satisfy me on price, performance and longevity, and that they’ll be around to service their warrantees!  With what you have to spend on a new car today you better make sure your auto maker is going to last because it’s too much money to just throw away on a bankrupt company.  The viability and the good name of the company is critical to a buying decision and if the reputation of the car company is that they go to congress twice a year to stay alive than you can forget me as a customer!  If I want to invest in failure and stupidity I’ll by government bonds or AMTRAK stock!

The same holds true for government who’s flooding the world with dollars that will one day soon prove to be our death warrant.  We’ve seen what happens when people lose faith in a bank: it fails.  When people lose faith in all the dollars we’ve unleashed that we don’t have they lose faith in our currency and that will be a true disaster for the USA and the world.  Without massive reform in Washington why will anyone ultimately buy into the ability of our government to manage a financial crisis if it can’t manage the currency?

Both USA and Auto Makers want to borrow in the hope that things will change

Without getting rid of the union contracts, the dealership contracts, the pensions and the insane union: only a fool would invest in the big three American Automakers right now.  Money can’t solve what ails them, only truth, guts, restructuring and shooting lots of sacred cows can bring back our auto industry. 

Borrowing massive amounts of dollars from China and the Arabs won’t work forever.  Someday soon, in fact any day now, they’re going to figure out that we’re not good for all that debt and the party will be over.  The currency and the government will fall and we all start over and that’s nature’s way of restructuring something that’s become a menace to its own existence. In the very best case the government is “solving” our problems by destroying the futures of generations of Americans.  We should take our own medicine and not rely on our kids, grand kids, great grand kids, and their great grand kids to clean up our mess.  They deserve better than that and it’s our duty not to go down that road.

Both the USA and the Auto Makers need a complete break with the insanity of past management and a fundamental restructuring of the social compact:  The Real Deal is what we need.  We can’t have everything we want.  We must always remain competitive.  Lean and mean is better than fat and lethargic. Unions that destroy their companies need to be broken up.  Government is neither the lender nor the employer of last resort it is today, as is usually the case, the problem and not the solution.

Above all else both the government and the Automakers need to tell the truth, no matter how unpolliticaly correct it is and act on truth instead of ideology.  NEITHER THE GOVERNMENT NOR DETROIT CAN RUN AN EFFECTIVE PENSION PLAN.  NEITHER THE GOVERNMENT NOR DETROIT CAN BE ALL THINGS TO ALL PEOPLE.  NEITHER THE GOVERNMENT NOR DETROIT CAN HIDE FROM THE FACT THAT THEY ARE WASTEFULL, BLOATED, OVERSTAFFED, OVERPAID, INEFFICENT, LACKING IN INTEGRITY, AND HEADING FOR THE DUSTBIN OF HISTORY UNLESS THEY RADICALY DOWNSIZE, AND GET OUT OF THE WAY OF THE PEOPLE.

AND WE THE PEOPLE HAVE TO FACE THE TRUTH THAT GOVERNMENT WON’T SAVE US.  THEY SPENT OUR MEDICARE AND SOCIAL SECURITY ON SOCIAL PROGRAMS THAT FAILED.  WE MUST HAVE SMALLER GOVERNMENT AND WE NEED TO GET COMFORTABLE MANNAGING OUR OWN RISK BECAUSE THAT’S WHATS GOING TO HAPPEN WEATHER WE LIKE IT OR NOT. BIG GOVERNMENT MEANS BIG CORRUPTION AND THAT SYSTEM ALWAYS CRASHES SOONER OR LATER.  IT REALY IS THAT SIMPLE.

Ok, I’m calm now.  Do yourself a big favor and read an Op ed in the Wall Street Journal that I found on Drudge today by Mitt Romney.  He talks about the Auto workers and the article is great!  Here are some clips and the URL:

IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed.

Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check.

First, their huge disadvantage in costs relative to foreign brands must be eliminated. That means new labor agreements to align pay and benefits to match those of workers at competitors like BMW, Honda, Nissan and Toyota. Furthermore, retiree benefits must be reduced so that the total burden per auto for domestic makers is not higher than that of foreign producers.

Second, management as is must go. New faces should be recruited from unrelated industries — from companies widely respected for excellence in marketing, innovation, creativity and labor relations.

Get rid of the planes, the executive dining rooms — all the symbols that breed resentment among the hundreds of thousands who will also be sacrificing to keep the companies afloat.

Investments must be made for the future. No more focus on quarterly earnings or the kind of short-term stock appreciation that means quick riches for executives with options. Manage with an eye on cash flow, balance sheets and long-term appreciation. Invest in truly competitive products and innovative technologies — especially fuel-saving designs — that may not arrive for years. Starving research and development is like eating the seed corn.

http://www.nytimes.com/2008/11/19/opinion/19romney.html?_r=2

EXCELLENT ARTICLE!

The Basics of the Financial Crisis: How We Failed Future Generations.

 

            Equality of opportunity was never meant to be construed as equality of outcome as many 60,s generation baby boomers have done.  A market economy and capitalism has many different levels that are inherently unfair, or scrupulously fair, depending on how you look at things.  People are rewarded according to what they produce and how much of a market they can create for themselves and those with low ambition or with handicaps, such as autism, will necessarily command lower wages in such a system. This is economic law and you can condemn it with various social justice mantras but it remains economic law.

The Baby Boomers took to socialism in collage, while they were busy ignoring their stodgy establishment professors, burning bras and draft cards, and feeling guilty for all the gifts they received by the hard work of their forbears. It was the greatest generation who made an economy where their kids could be educated and prosper, according to their gifts, and determination. They gave their kids, the thankless Boomers, a CHANCE at a better life not a guarantee.  They set up a system where more people than ever before had a CHANCE at a better education and a better life but the only guarantee was “Life Liberty and the Pursuit of Happiness”. 

            The Baby Boom 60’s generation has misconstrued the CHANCE of a better life for the RIGHT to a better life. You have a right to Life Liberty and the Pursuit of Happiness;  not a right to free Health Care,  a Home,  a Car,  free sexual expression,  social acceptance no mater your behavior,  to free education, and to Pensions,  free drugs, and to be protected from trans-fat in Kentucky Fried Chicken. This is not to say that access to medicine, a pension, education, housing, health care, and even a bite of KFC once a year, is necessarily a bad thing; these are good things.  They are things to strive for: not things to which everyone is entitled. 

            Then the Baby Boomers, the 60’s types, misconstrued the word FREE and tried to sell this word as the holy grail of public policy.  Everyone should have free cradle to grave entitlements because they were owed this as a basic human right. It’s not that you should have FREE health care it’s that health care should be free because it’s a basic human right to have it.  The Boomers saw government, with all the money it could take from its citizens, as an unlimited piggy bank to which it could outsource its Christian Duties to the poor, free of charge, while the boomers pursued other questionable avenues of happiness from the sexual to the psychedelic.

In a just society, they reasoned, government should take care of everyone because everyone has human rights.  They reinvented a Roman saying about bread and circuses being a right of the people.  There is a basic law of life that affluent societies have tripped over for as long as we’ve had recognizable society: there’s no such thing as free. 

Baby Boomers have refused to face the fact that free health care, educations, mortgages, fill in the issue, is in fact health care, education, mortgages THAT SOMEONE ELSE PAYS FOR. Why should I pay for the health care of a smoker?  Why should I pay for the health care of someone engaging in high risk behavior?  Why should they pay for my health care if I’m over weight?  Once you get into why you should pay for your neighbor, who like you and I is a compellation of his or her choices in life, the issue gets very complicated indeed and it quickly breaks down.

Why should someone who doesn’t work as hard as you make the same as you?  If all work is honorable why must we all go to college when we need janitors far more than women’s studies professors? We need plumbers as well as math teachers and we need doctors as well as basketball players. Within these occupation is a wide variation in skill sets, and education, but most would contend that they’re all have a role in our society.  All of them represent choices about how different people make different decisions and reap different rewards and have different tradeoffs. The outcomes are not the same by any stretch of the imagination but the outcomes were never intended to be the same until the Baby Boomers discovered “Social Justice”.  The opportunity to develop into any of these things by your effort and work is what the founding fathers of this nation gave us.

From the time of his election in 2001, the Bush Administration has been warning congress about Fannie Mae and Freddie Mac.  These quasi government organizations were pressured by the congress to buy up loans made to people who couldn’t afford them in an effort to have 60’s style social justice where everyone gets a home, as a basic human right, and no attention is paid to their ability to pay for it or maintain it. Congress was warned by former Fed chief Allan Greenspan in 2005 that if they didn’t stop it they would have a situation exactly like this one we face today.  Over and over they were warned but the baby boom liberal congress members clung to their ideology about themselves, and government, rather than facing the facts squarely.  Of course you don’t loan to people who repay the loan!  If you do: you go bankrupt and that’s true if you’re a hardware store owner in Minneapolis or a United States Congressman in Washington.  Even the government can go bankrupt and see its money become toilet paper overnight.  The result is that the people they were trying to help, as well as the people who did it right,  pays a terrible, painful, agonizing  price.  The reward of the people who worked hard, increased their skills, and gave to their churches, paid taxes ,and lived within their means: is financial devastation because Baby Boomers won’t admit that their ideology is not the truth.

Mortgage lenders would not have given mortgages to people who couldn’t afford them if there were not a willing Government sanctioned market in Freddie Mac and Fannie Mae to buy them.  Even the most stupid individuals would not have gone after these mortgages if the government did not buy them!  Not only did the government buy bad mortgages they encouraged those who could not afford them by telling them it was their right to have a great home regardless of their means.   With the Quasi Government implied guarantee behind Freddie Mac and Fannie Mae, the Banks and Financial institutions bought their paper, as well as foreign governments, thinking the investment, being government backed, was as sound as a dollar.  As I study this “crisis” I must conclude that this is entirely of the governments making from the role of Baby Boom Radical Liberal politics to the failure to update necessary regulations as our financial system evolved, to the partisan delays in congress, right now , on the rescue package. 

Washington politicians like Barney Frank, Nancy Pelosi, Harry Reid and Chris Dodd are pontificating right now, and loading this bill up with more and more pork, to their pet constituents: while the United States teeters on the edge of a depression that’ll  make the 1930’s look like a folk dance. Washington Politicians are DOING NOTHING ABOUT THE ENERGY CRISIS AND DEVELOPMENT OF ANY AND ALL ENERGY SOURSES POSSIBLE!  Do they think the energy crisis is just going to go away?  Washington Politicans are doing nothing as China stops lending to USA banks because they no longer think their money is safe or that we’ll pay them back!  The Washington Politicians allowed the creation of the Federal Reserve who has huge impact on our economy, if not outright control, in defiance of our constitution and with calloused disregard that the Fed has its own interests and allegiances that have nothing to do with our national interests. Washington Politicians are lecturing Wall Street on fiscal sobriety and good judgment when Washington created the problem and is so bankrupt both fiscally and morally that at this late hour they’re likely too late to solve this crisis.

Consider this from Reuters:

BEIJING, Sept 25 (Reuters) – Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

The Hong Kong newspaper cited unidentified industry sources as saying the instruction from the China Banking Regulatory Commission (CBRC) applied to interbank lending of all currencies to U.S. banks but not to banks from other countries.

“The decree appears to be Beijing’s first attempt to erect defences against the deepening U.S. financial meltdown after the mainland’s major lenders reported billions of U.S. dollars in exposure to the credit crisis,” the SCMP said.

A spokesman for the CBRC had no immediate comment. (Reporting by Alan Wheatley and Langi Chiang; editing by Ken Wills)

Now consider this from The Washington Times:

In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets held by banks.

The changes, which were included in draft language that also opened the bailout program to foreign banks with extensive loan operations in the United States, potentially added tens of billions of dollars to the cost of the program.

Although it was a major addition to what was already the nation’s largest-ever bailout, it did not become part of the debate between Democrats and the Treasury over details of the program. A Monday counterproposal by Senate Banking Committee Chairman Christopher J. Dodd included such consumer loans as well as mortgages, just as the Treasury’s draft did Saturday night.

Such a large takeover by the government will surely be accompanied by adverse, unintended consequences,” said Pat Toomey, president of the Club for Growth, a conservative advocacy group. “Already, other companies and industries are lining up at government’s door asking for their own bailout.”

I could go on, and on, but you get the picture. 

How did we get here?  We got here by listing to the liberal ideology of the baby booms fantasies of how the world should work instead of focusing on the facts of how the world does work.  We got here by letting the liberal indoctrination of our schools go unchecked  while we allowed the Jewish and Christian values, that are our heritage, be maligned and marginalized until we lost the ability to tell right from wrong as well as  true from false.  We did this by empowering all this liberal stuff that sounds great at the expense of using our heads and making sound judgments about public policy and elected officials.  We did this to ourselves and the cost is going to be unimaginable.