Obama’s Government Jobs Plan Will Crush The Private Sector

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The big, centralized government rhetoric of the Democratic Party is eerily reminiscent of that of the old Soviet Union which doesn’t bode well for the country or economy. Adding to the problem is the sinister brainwashing of our children to believe in the virtues of a large, powerful centralized government and denigrate capitalism and free choice.
Inexplicably, those who have the most to lose such as American Jews, are actually the most ardent supporters of these far left ideologies.
Perspectives Of A Soviet Immigrant (No. 6)
By Svetlana Kunin
There was an old Soviet saying: If you need to find food to fill your refrigerator, plug it into the microphone of a party leader giving a speech.
Today in America, if we plug a refrigerator into our leader's teleprompter, I suspect the refrigerator will stop working.
Democratic party leaders speak incessantly of limiting profits and regulating salaries.
It brings back to memory another Soviet line: You pretend you are paying us salaries, and we pretend we are working. If bureaucrats predetermine the value of your work, there is no incentive to be productive. This is the quickest way to kill a dynamic economy.
I never expected to hear this kind of rhetoric in the USA. Today, the American educational machine teaches exactly the same points the Soviets taught.
It idealizes Socialist societies and denigrates America, especially its economic system.
American students are brainwashed to despise economic freedom and to yearn for a big government state.
Freed from their parents' control, but intimidated by the relentlessly negative portrayal of America, young Americans look for politicians to show them the way.
As someone who experienced real government-approved anti-Semitism in the Soviet Union, I am amazed by the obliviousness of American Jews, the most fervent supporters of left-wing politics.
They support a party that is obsessed with pitting one group against another, and that incessantly plays on envy and hatred for bankers, rich people, big business and doctors.
They fail to notice that the success of Jews, as well as other minorities, in the sciences, business and arts is directly correlated to their freedom from oppressive, centralized control. American Jews who support big government do not understand what their ancestors escaped from.
Persecutions of Jews throughout history all have one thing in common: a centralized power that manipulates and directs people's anger away from themselves onto an easy target.
No matter how much Jews align themselves with the power structure and work for noble causes, they will remain an easy target.
As they said in the Soviet Union pertaining to Soviet Jews: They don't beat your record; they beat your face — meaning that no matter how much you try to assimilate, no matter how many good deeds you do, the centralized power can direct populist anger toward you and crush you when it suits them.
When the Bolsheviks took power after the 1917 proletarian revolution, their first steps were to take control of the banks and the media.
Of course, it is not fair to compare our current American democratic leaders with the Bolsheviks.
Yes, they both use the same slogans in their speeches.
Yes, they both stir up envy and class warfare to distract from their failures.
Yes, both political movements sought control of the banks as the foundation for their new egalitarian vision.
And yes, they are both opposed to free speech, as was made clear by the reaction of American leftists to the recent
Supreme Court decision.
But you would never find a Czar anywhere in the Soviet government.
• Kunin lived in the Soviet Union until 1980, working as a civil engineer. She is now a retired software developer living in Connecticut.
http://www.investors.com/NewsAndAnalysis/Article.aspx?id=519899
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The recession keeps dragging on despite close to a trillion dollars in stimulus money and other focal incentives wasted by the federal government. What is happening?
Small businesses, the real engines of our economy, are extremely worried about present conditions and future prospects including massive government regulations and more than 2 trillion dollars of proposed tax hikes that would destroy thousands of businesses. Consequently, they are being advisably circumspect, prudent and conservative, trying to protect the viability of their businesses rather than take aggressive actions that could jeopardize their survival.
For starters, we would all benefit from a massive across the board decrease in taxes, major reduction in government spending, and abolishing useless and costly regulations...
A Real Cure For What Ails Small Biz
Investors Business Daily 02/09/2010
Jobless Recession: Small business has been a key part of plans to stimulate the economy from the very start of the Obama presidency. So why is this crucial job-creating sector of our economy doing so poorly?
The latest soundings from small business are not reassuring. In its annual poll of 2,114 members, for example, the National Federation of Independent Business (NFIB) found that "small-business owners entered 2010 the same way they left 2009 — depressed." Meanwhile, the ADP Small Business Report for January shows companies with fewer than 50 workers shed an additional 22,000 jobs.
These are the businesses that account for 48 million jobs, or 44% of all private nonfarm employment — and two-thirds or more of all employment growth in recent years. But despite efforts by government to "fix" their problems, they've only grown worse. The programs were ineffective or never got off the ground.
Last year, amid much hoopla, the White House announced plans to give tax credits to "green" energy companies. As a result, according to reporter Renee Schoof of McClatchy Newspapers, the U.S. installed a record 9,900 megawatts of wind-power generating capacity last year — enough to power 2.4 million homes.
A boon for conservation jobs? Hardly. Indeed, the American Wind Energy Association reports the industry cut 2,000 jobs last year, in part because some of the wind energy equipment is made overseas.
Then there was the program unveiled in March to spend $15 billion to "unlock" lending to small businesses. That grew to a $30 billion program later in the year after TARP funds were added to the mix. But as noted by ABC News reporter and blogger Jake Tapper, this is a "phantom" jobs program.
Even Neil Barofsky, head of the Troubled Asset Relief Program, admitted as much. As of Dec. 31, he wrote recently, "the details of the initiative under this program had not been announced and no funds had been disbursed."
In short, the White House talked about $30 billion in aid to small businesses, but never did anything about it.
Meanwhile, President Obama announced a sweeping small-business aid program in his State of the Union. He knows this is key to the economy's recovery, if only because he hears it all the time from Democrats and Republicans.
Among the president's new proposals for small business are a $5,000 tax credit to hire new workers, elimination of capital gains taxes and new incentives to invest in plants and equipment. Will anything come of it? Based on recent history, we doubt it.
Congress, correctly interpreting its sinking poll numbers, has also jumped on the jobs bandwagon and is eagerly crafting another big-time jobs stimulus — this one rumored to be $80 billion in size.
Some of Obama's ideas aren't bad. But even if passed, they likely wouldn't help much. The problems that small businesses have aren't about small businesses per se; they're about the economy.
Small businesses have the same doubts as the rest of us. Besides all these "jobs programs," they see a failed $862 billion stimulus, a $700 billion TARP program that has turned into a politicized auto and bank bailout fund, Cash for
Clunkers, attempts in Copenhagen to impose massive taxes on America to stave off global warming, a $1 trillion health care overhaul, new "responsibility fees" on banks, and worry for our economy's future.
Worse, the new budget contains $2 trillion in tax hikes over a decade, mostly on multinationals and successful entrepreneurs. These taxes undo all the good the White House and Congress would do with their "incentives" and "credits" and whatnot.
Washington thus has it wrong. Businesses aren't awaiting more "stimulus." As the NFIB suggested, they're clinically depressed, seeing the government's dead weight lying across the economy for years to come in all its spending, taxing and ad hoc rule-making.
What sensible entrepreneur would commit his wealth to a money-making project in such a high-tax, high-regulation environment — one in which those who make profits are routinely demonized?
This is a problem with a solution, and the solution is the same one that's worked in the past: Cut taxes across the board — for business big and small — and look for ways to cut regulations, not add more. At the same time, pull back on the insane surge in government spending.
By unlocking our nation's entrepreneurial spirit and reviving growth across the economy, we can put an end to this nightmare and help all Americans regain prosperity. Then small businesses can get back to doing what they do best: create lots of jobs.
URL http://www.investors.com/NewsAndAnalysis/Article.aspx?id=520675
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America was once the quintessential free economy that served as a paragon for the rest of the world to emulate. Unfortunately, with an ever increasingly intrusive and regulatory government, we have fallen from this enviable position and are now looking up at those ahead of us. Embarrassingly, that includes socialized healthcare Canada as well. The consequences are quite significant and will restrain the growth of our economy - short and long term.
America's 'Free' Falling Economy
Investors Business Daily 02/01/2010
Competitiveness: The latest index of economic freedom shows America falling fast, being ranked for the first time as "mostly free." We've fallen behind Canada, and it's look out below.
Our accelerating descent into a command-and-control economy with government pulling the strings is taking its toll.
The Heritage Foundation's 2010 index of leading economic indicators shows that the land of the free is only mostly free, falling to eighth in the world from sixth last year, now sandwiched between Canada and Denmark.

Click here to see chart enlarged
That Canada, long considered a bastion of socialized medicine, is ranked as economically freer may surprise some. But our neighbor to the north has at least been trying to develop its domestic energy reserves, from hydroelectric to natural gas to oil extracted from its tar sands. Energy is the lifeblood of a free economy.
We have shackled our domestic energy producers with environmental regulations, leaving vast pools of energy lying offshore and in the ground. We regulate what you can build, where you can build it, even how. Endangered critters rank above equally endangered entrepreneurs. Climate change is more important than the business climate.
We have allowed our government to be the engine of stimulus when the only thing that's being stimulated is government itself. The public sector booms while the private sector languishes as the federal government sucks the financial oxygen out of the room. Businesses are afraid to move because they are unable to plan in an environment where government is trying to tax or regulate everything that moves and most things that don't.
Our government has taken upon itself the task of picking winners and losers, instead of letting the free market decide, and as a result we all lose. From car companies to financial institutions, the long arm of government has grabbed freedom by the neck, seeking to decide who gets paid what and how big companies and banks can grow.
Then there are the taxes, which are to business what vampires are to blood banks. A nation's corporate tax rate is important. Its effect on a country's competitiveness and its ability to draw or repel investment has a direct impact on economic health.
Companies are being driven offshore by a combined 39.1% federal and state tax rate that is second only to Japan's. In some states, the combination leads the world. California, which would have the world's eighth largest economy as an independent country, teeters on bankruptcy. If you were a CEO, would you headquarter there or in Switzerland or Ireland, which also rank above us?
The 2010 index shows the U.S. dropping from 80.7 points out of 100 in 2008 to 78 in 2009 and slipping from the "free" category to "mostly free." America's 2.7-point decline is among the fastest ever, ranking right up there with those of such socialist paradises as Bolivia, Libya and Hugo Chavez's Venezuela, whose policies our administration czars are seeking to emulate.
The authors of the Heritage report — Kim Holmes, Anthony Kim and Terry Miller — cite the gargantuan growth of government in both size and power, noting that government spending last year equaled 37.4% of GDP. Spending increases totaled well over $1 trillion in 2009 alone, up more than 20% from 2008.
"Uncertainties caused by ongoing regulatory changes and politically influenced stimulus spending have discouraged entrepreneurship and job creation, slowing recovery," the report states.
"Tax rates are increasingly uncompetitive, and massive stimulus spending is creating unprecedented deficits. Bailouts of financial and automotive firms have generated concerns about property rights."
On these pages last November, former Microsoft COO Robert Herbold and Hoover Institution fellow Scott Powell noted that "ambiguity and the threat of new taxes from Washington, such as cap-and-trade, have already prompted 11 major U.S. companies to move offshore in the past year."
They can be accused of being greedy, but not of being stupid.
We must stop bailing out failure and punishing success through regulation and taxation. Only then can the land of the free be economically free to thrive and prosper.
URL http://www.investors.com/NewsAndAnalysis/Article.aspx?id=519747
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The ever increasing magnitude of anger that is being generated by American citizens in response to what we see as an imperious, arrogant, dictatorial government is nothing short of remarkable. We are being treated contemptuously by a Government that disregards the will of the people, seeks to tax us to oblivion and “legally” redistribute the fruits of our labors, and aims to insinuate itself in every activity of our daily lives, restricting our freedoms and rights. Our present political and socioeconomic milieu is far more dire and repressive than what the Colonists contended with under King George just before the American Revolution.
Unfortunately, we are in the midst of a political perfect storm which threatens the whole underpinnings of our culture, rights, freedoms, and economic system. Our government has been hijacked by the extreme far left which has malevolent intentions for America. It has a super-majority that is essentially unstoppable legislatively but is also willing to employ corrupt, heavy handed tactics if warranted. Complicit in this and facilitating the situation is the vast majority of the press whose role in the past had always been to serve as a watchdog to protect the average American and keep the government more honest and in check.
Millions of Americans are not only concerned by our present situation but also by the perceived malignant intentions of our government starting with Obama on down. The rhetoric of these politicians is indisputably incongruous with their legislative actions whether it pertains to healthcare reform, the national debt or even our rights. These Democrats and radicals are actively and aggressively seeking to destroy the free America we knew and instead, transform it into a pseudo-dictatorship with the likes of Obama, Reid, Pelosi, Frank and Schumer at the helm.
It is imperative that we all understand the gravity of our present circumstances and then aggressively and pertinaciously act in whatever manner necessary to oppose and reverse this course. Unfortunately, with the Government’s relentless consolidation of power by means of unfettered legislative actions, a political solution may be difficult if not impossible to obtain.
We must do whatever it takes to reclaim our country!
The following article brilliantly, insightful and thoroughly explains why what we see as illogical actions by Obama and other “representatives of the people” are instead intentional, calculated, rational but malignant moves that can and may destroy America. This is a must read!
Cloward-Piven Government
By James Simpson
It is time to cast aside all remaining doubt. President Obama is not trying to lead America forward to recovery, prosperity and strength. Quite the opposite, in fact.
In September of last year, American Thinker published my article, Barack Obama and the Strategy of Manufactured Crisis. Part of a series, it connected then-presidential candidate Barack Obama to individuals and organizations practicing a malevolent strategy for destroying our economy and our system of government. Since then, the story of that strategy has found its way across the blogosphere, onto the airwaves of radio stations across the country, the Glenn Beck television show, Bill O'Reilly, and now Mark Levin.
The methodology is known as the Cloward-Piven Strategy, and we can all be grateful to David Horowitz and his Discover the Networks for originally exposing and explaining it to us. He describes it as:
The strategy of forcing political change through orchestrated crisis. The "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Richard Cloward and Frances Fox Piven were two lifelong members of Democratic Socialists of America who taught sociology at Columbia University (Piven later went on to City University of New York). In a May 1966 Nation magazine article titled "The Weight of the Poor," they outlined their strategy, proposing to use grassroots radical organizations to push ever more strident demands for public services at all levels of government.
The result, they predicted, would be "a profound financial and political crisis" that would unleash "powerful forces ... for major economic reform at the national level."
They implemented the strategy by creating a succession of radical organizations, most notable among them the Association of Community Organizations for Reform Now (ACORN), with the help of veteran organizer Wade Rathke. Their crowning achievement was the "Motor Voter" act, signed into law by Bill Clinton in 1993 with Cloward and Piven standing behind him.
As we now know, ACORN was one of the chief drivers of high-risk mortgage lending that eventually led to the financial crisis. But the Motor Voter law was another component of the strategy. It created vast vulnerabilities in our electoral system, which ACORN then exploited.
ACORN's vote registration scandals throughout the U.S. are predictable fallout.
The Motor Voter law has also been used to open another vulnerability in the system: the registration of vast numbers of illegal aliens, who then reliably vote Democrat. Herein lies the real reason Democrats are so anxious for open borders, security be damned.
It should be clear to anyone with a mind and two eyes that this president and this Congress do not have our interests at heart. They are implementing this strategy on an unprecedented scale by flooding America with a tidal wave of poisonous initiatives, orders, regulations, and laws. As Rahm Emmanuel said, "A crisis is a terrible thing to waste."
The real goal of "health care" legislation, the real goal of "cap-and-trade," and the real goal of the "stimulus" is to rip the guts out of our private economy and transfer wide swaths of it over to the government to control. Do not be deluded by the propaganda. These initiatives are vehicles for change. They are not goals in and of themselves except in their ability to deliver power. They and will make matters much worse, for that is their design.
This time, in addition to overwhelming the government with demands for services, Obama and the Democrats are overwhelming political opposition to their plans with a flood of apocalyptic legislation. Their ultimate goal is to leave us so discouraged, demoralized, and exhausted that we throw our hands up in defeat. As Barney Frank said, "the middle class will be too distracted to fight."
These people are our enemies. They don't use guns, yet, but they are just as dangerous, determined, and duplicitous as the communists we faced in the Cold War, Korea, Vietnam, and bush wars across the globe, and the Nazis we faced in World War II.
It is time we fully internalized and digested this fact, with all its ugly ramifications. These people have violated countless laws and could be prosecuted, had we the political power. Not only are their policies unconstitutional, but deliberately so -- the goal being to make the Constitution irrelevant. Their spending is off the charts and will drive us into hyperinflation, but it could be rescinded, had we the political power. These policies are toxic, but they could be stopped and reversed, had we the political power. Their ideologies are poisonous, but they could be exposed for what they are, with long jail sentences as an object lesson, had we the political power.
Every single citizen who cares about this country should be spending every minute of his or her spare time lobbying, organizing, writing, and planning. Fight every initiative they launch. It is all destructive. If we are to root out this evil, it is critical that in 2010 we elect competent, principled leaders willing to defend our Constitution and our country. Otherwise, the malevolent cabal that occupies the government today will become too entrenched.
After that, all bets are off.
Businessman and Examiner.com columnist Jim Simpson is a former White House staff economist and budget analyst.
URL http://www.americanthinker.com/2009/11/clowardpiven_government.html
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The great British statesman and philosopher once said that “Those who don’t know history are destined to repeat it.” A close corollary to it is that “Those who don’t learn from history are doomed to repeat it”. Unfortunately, we have this precise situation at many levels with Obama and the Congressional Democrats. In our Dec. 1st post , we compared the parallels of history regarding the British car industry and the government takeover there to our present situation with GM. Obama’s actions are mirroring the failed policies of the 1930’s that painfully prolonged the depression far beyond what would have otherwise occurred. Of course, there are many other examples.
The following describes a hauntingly similar situation to ours that transpired in Argentina and what happened when the government there did exactly what Obama and the Democrats are pursuing. The results: DISASTER!
Read: Don’t Cry For Me, America


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Michael Cembalest from J.P. Morgan researched the prior private sector experience of the cabinet officials selected by Presidents since 1900 who would be expected to deal with employment related issues. These are the individuals that the president might seek advice from regarding economic issues as they would have real world experience. This includes the secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security. There are a total of 432 cabinet members that were assessed.
The chart (below) shockingly though not unexpectedly shows one of the reasons why many Americans have been critical of Obama's cabinet selections and provides a strong explanation for the economic failures of Obama’s policies: he has surrounded himself with virtually no individuals with private sector experience. Obama's percentage at around seven percent is essentially off the chart and is miniscule compared to all the other Presidents.

This visually shows that Obama has, at best, made extremely poor choices for key positions which then leads to questions about his judgment and motivations. Another question that these findings raise is whether these individuals were selected specifically because of general ideology versus specialized experience with a positive track record. (Rhetorical question - just consider Tim "turbo tax cheat" Geithner and Lawrence "I lost $1.8 billion dollars of endowment funds at Harvard" Summers!)
Any way we look at it, Obama has surrounded himself with many corrupt, incompetent and/or ideologically liberal or radical individuals. We, the American people, unfortunately are paying a colossal price.
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We surely got CHANGE with Obama! Unfortunately, it is not the change we wanted or needed. For more than two centuries, we have had Presidents of varied backgrounds, intelligence, political persuasions and ideologies but they all had one thing in common: EXPERIENCE that could prepare them well for the Presidency. It might have involved been leading an army, running a business, or managing a city or state but it was some experience that required leadership, a sine qua non of being at least a partially successful and effective President.
Now, thanks to the aggregate effect of millions of voters who were either ignorant, credulous, recklessly partisan, voted solely base on race, or were have-nots jealous of those who have, we have a change: a President with no practical or useful leadership experience. Not even as a manager of a fast food restaurant. And he is going to make decisions of monumental import, know when to delegate, make prudent fiscal decisions, realize the consequences of his actions and words, etc.? So far, we have seen the unfortunate results of his inexperience and incompetence.
In “trying” to address the relentless unemployment crisis (which the Porkulus Bill of around $800 billion was promised to fix), Obama now has proposed a “Jobs Summit” that is scheduled for next month. As IBD put it:
Something's wrong when the government of the most prolific job-creating economy in history has to schedule a "summit" to decide how to create jobs.
This isn't rocket science. Any business owner, entrepreneur or manager can tell you that job creation requires new businesses, new investment in plant and equipment, and economic policies conducive to both.
But so far, those in charge in Washington seem to be doing everything in their power to kill jobs, whether it's hiking the minimum wage, snubbing trade deals, imposing new mandates with health reforms and climate controls, or paving the way for a massive 69% increase in capital-gains tax rates by letting the Bush cuts expire.
We feel a great start for job creation, would first be to actually increase unemployment by one – get rid of Obama!
Read: Clueless Summit
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The healthcare reform legislation, AKA Obamanocare or Pelosicare, is disastrous no matter which way it is assessed – cost, quality, delivery, rationing, disorganization, corruption, effects on medical research, etc. The ultimate reality based astronomical price tag will bankrupt our country and obliterate the standard of living for years to come as a consequence. The massive and oppressive tax hikes that Congressional Democrats disingenuously claims will pay for the government takeover of healthcare will not cover the costs but will most assuredly crush and destroy our economy.
“Congress has barely finished blowing the ink dry on its bill, but already its central fiscal premise is being convincingly challenged.
While Democrats have claimed the overhaul will cost $900 billion, the Congressional Budget Office puts the real cost at $1.1 trillion. The Associated Press, citing unnamed Democratic sources, comes up with $1.2 trillion; Republicans say it'll cost $1.3 trillion or more; others say it's more like $1.8 trillion.”
Read: Unhealthy Taxes
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The following insightful editorial written by Sen. Tom Coburn (R. – OK) and Representative Paul Ryan (R. – WI.) exposes the fallacies of the Democrats’ rhetoric and numbers as well as the multitude of dangers that the healthcare reform legislation poses to the average American. They write:
“The current reform product does not meet the test of either real reform or fiscal responsibility. Nor does it represent the best of both parties. It represents the frustrated ideological ambitions of one party that believes the way to pull the welfare state back from bankruptcy is by expanding it.”
Addressing just the financial aspects of the bill and the liabilities that it engenders, they note that:
“What is at stake in this process is not merely a lower standard of living for future generations, but a decline of freedom at home and abroad. We are risking our own national economic stability and security if we continue — through excessive borrowing — to hand potential adversaries leverage over our foreign and domestic policy.”
Read: Health Reform Faces Moment Of Untruth
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Yes, Michelle, you now have another good reason to be proud of your country: it’s paying for your servants so that you can continue to comport yourself like arrogant royalty. Let’s revisit that famous statement you made last year and see how much better the situation is for you today. Most Americans could only dream of being given millions of dollars at taxpayer expense without holding an official job and having every one of your whims catered to without protest. But then again this is not unlike your previous “work” experience back in Chicago.
During an almost two year deep recession with high unemployment, with millions of Americans suffering economically, and trillions of dollars of wealth evaporated, you see no reason why you should sympathize and suffer too. Instead, it seems that you are trying almost single-handedly to significantly reduce the unemployment rate by hiring at least 26 servants at taxpayer expense exceeding two millions dollars per year. The number of attendants that you “require” obliterates numerically and cost wise what any previous First Lady needed. Even Hillary Clinton who was spearheading healthcare reform had a maximum of only 13 people under her. Meanwhile, Bess Truman and Mamie Eisenhower had to shell out the salaries for their personal secretaries out of their own pocketbooks. How times have changed for the better! Isn’t that what you stated, Michelle?
Does your Chief of Staff really need to be paid $172,200? That is on par with what our Senators and Congressional Representatives receive and who may work slightly harder for their $174,000. Of course, maybe “combat” pay is included in your Chief of Staff’s base salary to make working under you a little bit more palatable.
Why do five members of your staff deserve to earn over $100,000 per year? Is that really necessary during a financial crisis? Can’t you show just a little fiscal responsibility and restraint? I wouldn’t look to your husband for advice, though, as he also appears to be clueless, sybaritic and financially reckless. Instead of signing the Porkulus bill in the White House Rose Garden like past Presidents have done for other legislation, Obama had to grandstand and fly to Phoenix and Colorado, costing the American taxpayer probably in excess of $30 million dollars. That amount could have paid for a lot of school supplies for children.
Your irresponsible, arrogant, and profligate spending for your little microcosm in addition to Obama’s for both personal (remember your date in New York?) and public adulation are just more reasons that we, the American people can’t and won’t trust your husband, Obama, with the healthcare and other legislation and with our tax dollars. But there is no need to despair as there is a silver lining. You will still have your own taxpayer financed gold plated healthcare plan that the average American would lust for rather than the restrictive, convoluted, and rationed one that Obama wants to impose on us.
Read: First Lady Now Requires 26 Servants
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You knew this was going to happen. The rabid environmentalists in this country through legal maneuvers and political influences and liberal politicians have thwarted nearly all efforts to explore the vast energy resources situated off our coasts as well as on the mainland and in Alaska. The result has been our ever escalating dependence on foreign oil and with it, a massive but avoidable outflow of US dollars and gargantuan trade deficits. We have also placed ourselves at the mercy of tyrants and authoritarian governments that control much of the world’s available oil such as Iran, Russia, Venezuela, Nigeria, Saudi Arabia, etc. which also wreaks havoc when trying to conduct a prudent foreign policy.
Well, the oil is still out there off our shore and the rest of the world needs it. So guess what? Other countries will be sending their crews over here to start drilling off our shores. That’s right! Congress in its infinite wisdom has prevented American firms from exploring for oil but it can’t prevent foreign countries from doing so.
Read: Will Russia Drill Off Florida's Coast?
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Those who refuse to learn from history are doomed to repeat it. What we have unfolding now with our Government’s intended responses to the Recession, specifically orchestrated by Obama and Congressional Democrats, is eerily and remarkably identical to the actions first initiated by President Hoover in 1932 and then expanded by Franklin Roosevelt. Their policies included onerous tax increases, numerous new taxes on common items, and massive government spending. The upshot of all of this was a severe worsening and prolongation of the Depression by another 12 years!
Assessing the proposals by the Obama Administration and Congressional Democrats, they have passed gargantuan spending bills including the Stimulus (Porkulus) Bill of almost $800 billion dollars, hundreds of billions in TARP funds, are intending to pass the bankrupting Cap and Trade Bill which will cost this country trillions of dollars, and healthcare “reform” that in its present form will realistically cost tens of trillions of dollars. Add to this the proposed income tax increases, taxation on virtually anything that exists and arcane compliance legislation and we will have the mother of all Depressions and the bankrupting of this country.
The ideological fervor with which Obama and the Democrats are pursuing these reckless and irresponsible policies and bills as well as their dismissive attitude of the historical lessons and public discontent demonstrates their unparalleled arrogance and disdain for the American people as well as their intellectual and moral corruptness. This bodes poorly for our future.
Read: Revenue Plunge Is Nothing New
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