The Nightmare of the Obama's Leadership

More evidence keeps pouring in regarding the corrupt, inept Obama administration. While other countries are cutting spending, we increase spending. While other countries are drilling for more oil, Obama takes 78 days to respond to the BP disaster and then has the gall to place a moratorium on more drilling in the gulf. While other countries are making their government shrink (Canada and Australia), our government threatens to gobble all of us up and spit us back out. Our only way out of the nightmare of Obama's leadership is the November elections.

The administration's stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible.

But they want new stimulus measures—which is convincing evidence that they too recognize that the earlier measures failed. And so the U.S. was odd-man out at the G-20 meeting over the weekend, continuing to call for more government spending in the face of European resistance.

The contrast with President Reagan's antirecession and pro-growth measures in 1981 is striking. Reagan reduced marginal and corporate tax rates and slowed the growth of nondefense spending. Recovery began about a year later. After 18 months, the economy grew more than 9% and it continued to expand above trend rates.

Two overarching reasons explain the failure of Obamanomics. First, administration economists and their outside supporters neglected the longer-term costs and consequences of their actions. Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic future. High uncertainty is the enemy of investment and growth. READ "Why Obamanomics Has Failed" Uncertainty about future taxes and regulations is enemy No. 1 of economic growth- The Wall Street Jr.

Spending Our Way to Oblivion

Today I heard Glenn Beck using a phrase I found very apt: "spending our way to oblivion". Remember the Wiemar Republic of Germany where to buy a loaf of bread you needed a wheelbarrow full of bills? This picture was taken in 1923 and shows a man using German banknotes as wallpaper - they were that worthless.

That is called inflation and it occurs when the government pumps paper money into the economy without anything to back that paper up. Wikipedia has a decent definition of hyperinflation which is where we're headed if the government doesn't stop printing money!

The main cause of hyperinflation is a massive and rapid increase in the amount of money, which is not supported by growth in the output of goods and services. This results in an imbalance between the supply and demand for the money (including currency and bank deposits), accompanied by a complete loss of confidence in the money, similar to a bank run. Enactment of legal tender laws and price controls to prevent discounting the value of paper money relative to gold, silver, hard currency, or commodities, fails to force acceptance of a paper money which lacks intrinsic value. If the entity responsible for printing a currency promotes excessive money printing, with other factors contributing a reinforcing effect, hyperinflation usually continues. Often the body responsible for printing the currency cannot physically print paper currency faster than the rate at which it is devaluing, thus neutralizing their attempts to stimulate the economy. Wikipedia


It is not the job of government to stimulate us or the economy. Their job is to protect the American homeland and Americans against aggression. The only aggression I see right now is this "stimulus" boondoggle which is an attack on the freedoms of American citizens.

In order to preserve our country we need FREEDOM more specifically economic freedom - not government putting us in manacles with their endless regulations and spending money we don't have.