Posted by
Steve on Friday, September 09, 2011 11:39:22 AM
Last night Barack Obama gave his all-important speech on jobs. It can be summed up in just four words, “more of the same”. There was nothing in the talk that he has not said before. It was packaged slightly differently, but overall it was the same. He claimed that it would all be paid for. All of the spending comes right now and all of the paying for it happens after 2012. Translating that into English, all of the spending will happen, raising the deficit. All of the paying for it will not happen because it will be after the election and he will not need to pay for it any longer. But, that is typical for any Democrat. They promise that if you do something now, they will do something later. You do the something now and they never seem to get around to what they promised. As a result, you are left holding a bag of excrement and the Democrats get re-elected calling you names.
Getting the economy moving would not take much effort from our elected Representatives or from the White House. What they all need to do can be summed up with the statement, “get out of the way”. The problem we have in this country is that we have too much government and too much government intrusion into our daily lives. If the government pulled back the economy would take off proportional to how far the government pulled back. If government pulled back to where they are supposed to be, the US economy would be on fire and everyone would have a job. The only ones out of work would be those unable to work due to illness and injury. Everyone else would be employed. The government income from taxes would be much higher than it is today because everyone would be a taxpayer instead of a leech. Anything less than a full pullback would mean less growth in the economy.
In a seemingly non-related story, the solar company that Barack Obama picked as the example of what he has been talking about for “Green Energy” went belly up yesterday. They received $500 million a short time ago and are now declaring bankruptcy. They were raided by the FBI yesterday and had their books and computers confiscated. This sounds like someone saw an opportunity to get a huge sum of “free” money and they took it. I expect indictments to come out in a couple of weeks for the owners/managers of the company.
The stock market in its ever reliable response to speeches by Barack Obama started 150 points lower this morning. Every time Barack Obama talks, the stock market tanks. That is a reliable indicator lately. If anyone had confidence in Obama, the stock market would react favorably when Obama made one of his speeches. Since he has lost the confidence of the American people, this is the kind of response you would expect. The problem Obama has is that nobody believes that he can do anything he says he can or will do. Congress is balking at everything he proposes. The American people are balking at everything he proposes. Everyone is still upset over the implementation of Obamacare. There is a crisis of confidence that will be difficult, if not impossible, for Obama to regain. His problem is that he talks big and proposes solutions that everyone knows will not work. His only hope to regain some lost confidence is to renounce the failed policies of the past and start on the free-market ideas that would insure success. The problem is that Obama is a dedicated socialist and cannot renounce socialism. His only solution to any problem is to introduce more socialism. Since almost every American knows that more socialism will only aggravate the situation, we don’t believe anything he says. I don’t think he can recover between now and the election. I could be wrong, but I see no signs of him recovering any time soon.