Archive for the ‘Hope And Change’ Category
The American public has started the shouting from their windows, “I’m mad as hell, and I’m not going to take it any more!” (The movie “Nework” – 1976). And the loudest call yet has come from Wisconsin. In that state Scott Walker became the first to governor in US history to survive a recall election. The conservative won by a greater margin then he enjoyed in the initial election in 2010. By then, Americans were aware that they had made a big mistake by embracing “hope and change” policies. With support of the press and weeks of massive protests at the Statehouse, the liberals still suffered an historic defeat.
Mitt Romney was quoted as saying “Governor Walker has demonstrated over the past year what sound fiscal policies can do to turn an economy around, and I believe that in November voters across the country will demonstrate that they want the same in Washington”. The key question here is: Will Romney remember this after he is elected?
The conservatives have spoken and shown their strength in Wisconsin. They have spoken out against unions. They have spoken out against excess government spending. They have spoken out for conservative fiscal policies. They have spoken out for America!
Next stop…. Obama!
Popularity: 4% [?]
Obama’s lack of understanding is beginning to stand out on the world stage. And Timonthy Geithner, the US Secretary of Treasury, is showing his lack of understanding and his lack of independence from the Oval Office.
In a recent decision, the federal reserve has decided to buy $75 billion worth of bonds through mid-2011.
No Understanding of World Economics
Obama’s lack of understanding world economics has made itself obvious in a statement made in Seoul, Korea at the G-20 meeting.
From everything I can see, this decision was not one designed to have an impact on the currency, on the dollar…It was designed to grow the economy.
A basic economics course in international economics at nearly any college or university in the US will teach you that a decision, such as the one to increase the money supply by $75 billion, will make a major impact across the world economy.
Click here to read the Wall Street Journal Article.
Popularity: 19% [?]
Change For The Worse
The Obama administration has failed to bring hope and change for almost two years. In the fourth quarter of 2007 Obama was beginning to make his presence known. Talk of higher taxes and more regulations caused investors, home buyers and others to step back and take note.
A few months later a builder in Pinehurst had his $1 million spec home nearly complete and a couple very interested in it. They were taking their time making the important decision. After seeing Obama’s promises of higher taxes the couple elected to wait things out. “We think we’ll wait until we see what happens in this election before we make our decision.” After Obama was elected the builder had no prospects. “Things just dried up.”
GDP Below 2007 Levels
Our economy has still not recovered to the 2007 levels. GDP today is still below what it was in the fourth quarter of 2007 (-WSJ).
Of course the Obama administration puts the blame back on Bush. And they will continue to do so as long as the news is bad. But when you compare our economy with that of other developed countries some signs of responsibility begin to present themselves. Today there are 4.6% fewer people employed in the US then there were at the beginning of the recession. G-7 nations have lost 2.4% of their jobs. The OEDC lost 1.9%. Euro zone countries have only lost 1.7%. The UK is down only 0.6%. It’s hard to argue that the Obama administration is performing it’s economic duties well when compared to other developed nations.
Change On The Way?
We are approaching the 2010 elections and it appears that Obama is about to lose power. As things look promising for a head locked federal government for the 2011-2012 congressional term, confidence in our economy begins to grow. But there is still some caution.
Our economy thrives when risk takers take risks. New ideas create better products, more goods and more services. But risk takers will not take risks unless there is the chance for a reward. If the democrat party fails to retain either of both houses then risk takers will at least have a little assurance that things will not get worse concerning their tax burden. Let’s just hope their is enough encouragement to get the $2 trillion waiting in liquid assets back working again.
Popularity: 4% [?]
“Hope and Change” was Obama’s campaign slogan in the 2008 campaign. My question was this: “What did we want to change?” The only things I could get out of his messages was that he was going to take things away from people. Certain people were making too much money. He wanted to restrict and tax these people. And with that message he implied that those lower on the totem pole were somehow going to benefit.
Well, where are they now with the real unemployment rate above 16% (MSN Reports). Estimates range as high as 28% (Daily Finance Poll). During the Great Depression the unemployment rate reached 24.9% (Answers.com). Will we look back on this period as a depression?
The Truth Is Coming Out
The public is finally catching on to who Barack Obama really is. A man with no experience running anything. It was unrealistic to believe that he could run the most powerful nation in the world.
Mr. Obama could protest that his swift and sudden fall from grace is no fault of his. He had been a blank slate, and the devotees had projected onto him their hopes and dreams. His victory had not been the triumph of policies he had enunciated in great detail. He had never run anything in his entire life. He had a scant public record, but oddly this worked to his advantage. – Fouad Ajami – Wall Street Journal – 9-11-2010
Obama is running out of time to pass on the blame. And the public is finally realizing that they are the only ones to blame for putting this man in office. Mr. Ahami concludes his WSJ article very appropriately:
There is a widespread sense of unstated embarrassment that a political majority, if only for a moment, fell for the promise of an untested redeemer—a belief alien to the temperament of this so practical and sober a nation. – WSJ
Popularity: 17% [?]
2008 Campaign Ad for Hope and Change:
You are seeing the change you voted for. Here’s the change you were promised:
Barack Obama’s hope and change is delivering on the change, but brings with it very little hope. He rhetoric alone has done incredible damage to our economy. Threats of higher taxes and tighter restrictions have crippled economic growth. Investors are sitting on piles of cash waiting to invest it in plant and equipment. The questions are: “Where will they invest it?” and “When will they invest it?” Our economy needs them to invest it in the US and we need them to invest it now. Scary parallels are being drawn between Presidential decisions made today and those made prior to the Great Depression.
I’ve provided a link to Donald Luskin’s article below. I strongly encourage you to read it.
We’re repeating some of the same mistakes right now, even as fears of a “double dip” recession mount. – Donald Luskin, Wall Street Journal
Is this man capable of leading the free world? Tell us what you think.
Popularity: 2% [?]