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President Obama, Day #…..

President Obama, Day #…..

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july2009Ah, who cares? As disappointed as I was about the outcome of the last general election, I thought I'd take a few months off from writing and spend it observing this new global (dare I say, Intergalactic?) phenomenon that is our new President. Today is July 6, and I fear that he is almost exactly what I thought he would be last summer, that is to say, pathetic. Having said this, I have to confess that the reason I took some time from writing was that I wanted to be objective in my assessment of this man (as opposed to self-styled Deity). So many conservatives have been lambasted precisely because they wouldn't give President Obama a chance. Not that he needed one, but we DO have to be fair. And I was secretly praying that his rhetoric was merely that and he was pandering to his ultra-liberal base and that, being a man of reason and logic, he was a closet conservative and would instinctively do the right thing. No such luck! I've waited five and a half months for him to do something, anything, good for the country. So far, here's what President Obama has accomplished:
  • He's spent $1.2 trillion (that's $1,200,000,000,000) of succeeding generations' money on absolutely nothing of any consequence
  • He's flown around the world numerous times at taxpayer's expense, all the while chiding the taxpayers to tighten up their belts and pay for his largesse
  • He's been on television almost every day whining about the failed policies of "the last eight years" and gathering support for his socialist agenda.
That's it. He's talked, and talked and talked some more. One gets the sense that talking is all the man knows how to do, and, after reading his resume, that's all he's ever done. At least he's consistent. Meanwhile, here in middle America, our country is suffering [...]
President Obama, Day #…..

Obamanomics

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Somehow, I managed to stay awake for last night's Presidential press conference. Say what you will about President Obama's communication skills--and they are considerable--he is no macro economist. Which is a shame, because he has access to two of the brightest macro-economists of our generation: Ben Bernanke and Larry Summers. He should listen to them; learn from them. They have much to teach him. My reaction to watching the President last night is that he is clueless as to how the economy really works, and his recent historical perspective is revisionist. First, kudos to the media. As opposed to the first press conference, they asked him some hard, direct questions. Unfortunately, President Obama is incapable of answering these questions in a transparent, straightforward manner, but the questions were direct even if the answers weren't. Now to the revisionist Obamanomics. First, President Obama claims he inherited a $1.2 trillion budget deficit. According to the [...]

AIG and the Miracle of Economic Stimulus

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Like everyone else in America, I’ve been watching the AIG saga unfold with eager anticipation.  At first, I was in the “too big to fail” camp.  The sheer size of AIG, added to the complexity of its product offerings and coupled with the magnitude of...

The Conservative Reader

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As we continue our inexorable national slide into socialism, as our freedoms begin to slowly, but surely, be taken away, I have made the following observations (while I still can). President Obama promised the following during the 2008 Presidential campaign:
  • Fiscal responsibility/no new earmarks. Apparently someone has forgotten to tell him about the 8,500 earmarks in the current omnibus spending bill and the projected $1.9 trillion (that's trillion with a "t") budget deficit.
  • Bi-partisanship. I'm not sure what that looks like, but I'm sure the Republicans don't feel like anyone is listening to them and addressing their concerns right now (other than Arlen Specter, Olympia Snowe and Susan Collins).
  • Economic growth. After less than two months in office, my retirement plan can't take much more of President Obama's "economic growth".
The markets are nervous, and it reflects in current stock market indices. As I write this, the Dow is [...]
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