Saturday, September 29, 2012

Who deserves your vote?

 HOw do you vote for a liar? President Obama 3 days ago, at the UN was STILL claiming that a video caused the embassy attacks, STILL claiming that the Benghazi attack was a "spontaneous protest that got out of control". Yet we find out that the Administration knew 24 hours after the attack that it was a preplanned military style terrorist attack against an unprotected embassy, And that they were specifically warned three days in advance, yet did nothing. He told us that the Stimulus would create 3.5 million jobs it's first year. He has yet to create that many jobs TO DATE. Yes, I know Obama says he has created 4.5 million jobs but that, too is a lie, according to the BLS. He claims he is only responsible for 10% of the $5.85 trillion he has added to the debt, yet he has increased spending by $1 trillion per year. If re-elected Obama stands to inherit a worse economy than he inherited first term, and this one will be of his own making, who will he blame then? ATM's? Kiosk's? Automation? Bush? Romney? the Rich? The Europeans? The Chinese? Does a serial liar deserve your vote?

Monday, September 17, 2012

The Crisis No one is reporting


We all know about the 4 years of $1 trillion + deficits. We all know about the $5.8 trillion in new debt accumulated in under 4 years by President obama. We all know about the QE1, QE2, And now QE3. BUT, what has gone largely unreported is the fact that NO ONE is buying our DEBT anymore! For the last three years the Federal Reserve has bought our debt. They now hold more than 60% of it.

This is akin to your right hand loaning your left hand money. But, IT GETS WORSE. They are printing the money they are using to buy our debt. This means that they are creating from nothing, money which we have to give value, to buy our debt, to finance our spending binge. This is a house of cards built upon a house of smaller cards.

But, It gets even worse. The Fed sets interest rates. This means it prints money, buys our debt, and sets the rate that it will be paid upon that debt. Creating an asset class out of nothing.

But it gets worse. Because Congress has abdicated it's fiduciary responsibility, it has allowed the Fed to effectively replace the Treasury, the Interbank lending system, the Monetary system, and Congressional oversight and authority.

Ladies and Gentlemen We have created our own slavemasters while fashioning the very shackles with which they will bind us. THANK YOU President Obama, and Ben Bernanke. In another century they would be drawn and quartered.

Thursday, September 6, 2012

A Tale of two Conventions


Last week we saw the Republican convention. Lots of uplifting speeches, all speaking of a vision for America, that hearkened back to her founding. personal freedom, personal responsibility, freedom to pursue your dreams. Many personal stories or individual success. As well ans many personal stories of the Nominee, Mitt Romney, and his personal generosity, and how he has personally helped those far less fortunate than himself. It was ironic, that the Liberal Doyenne of media MSNBC, cut away from EVERY minority speaker, but what can you expect from the media arm of the DNC?

Contrast that with the disorganized, leaderless mess that we are witnessing this week in Charlotte. The DNC opened to numerous spokespeople trying to deflect the perennial question of presidential politics, Are you better off now than 4 years ago? They appeared unprepared for this simple question. Moving one to the noticeable divide in the convention, prior to TV cameras(prior to 9pm) speakers engaged in Liberal red meat; Abortion on demand, God out of government, Forced unionism(card check), more government spending, more stimulus, more government. AFTER 9pm, NONE of that was there, it was rhetoric about class warfare, generalities of reduced debt, and deficits. Hollow promises of a better 4 years to come with more of the same ideas that have strangled the last four.

THEN the floor vote to re insert the word God, ONCE in the platform, as well as a declaration that Jerusalem is the capitol of Israel. The party ACTUALLY BOOED those two motions. THEN the party is forced to move Obama's acceptance speech from a 74,000 seat stadium to a 21,000 seat arena, because despite busing, and giving away tickets they were unable to fill the stadium.

Ladies and Gentlemen, THIS is you contrast for the next 4 years. More bumbling, disorganization, ineffectual promises, with no attempt to deliver upon them, or a written, steadfast plan that does not lie, or sugarcoat the problems we face? Straight, Adult talk about our Debt, Deficits, Saving Social Security, and Medicare, or inaction allowing these programs to die by their very own Mathematics?