The Future Of The Economy Under Barry Barack Hussein Obama
Read more articles on Finance and Politics.August 11, 2009
Posted by neillevine
August 11, 2009
Posted by neillevine
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Since the national economic situation continues to be dismal, the Obama Administration apparently is trying to low ball the pain by predicting gloom and doom as far as jobs go and, at the same time, trying to suggest that the employment situation appears to be slowly improving.
While cash for clunkers appears to be, on the one hand, popular, successful and well conceived, on the other hand, it only helps the energy situation a little bit. This country imports millions of barrels of crude oil a day, so what are a couple of gallons here and there per car. On the contrary, believe it or not, approving a new source of renewable energy would do so much more to assuage the problem and have more of a lasting long term and meaningful impact. Presumably such an act would actually provide a solution, truth be told, since new energy supplies would fulfill a chronic national need. Short term, cash for clunkers helps generate jobs by creating demand in the auto industry for small savings that may not hold up down the road, contingent on variable supply, consumer demand and other unpredictable open market forces. This Congressional action is not particularly free enterprise oriented either, although it does generate positive economic activity. It does, however, shore up the multi billion dollar investment in the automobile industry that the federal government has already made and virtually insures appreciation of the federal investment since increased sales usually translate into bigger profits, especially at full mark up, which is the current market situation.
I would like to point out that the private economy provides all the good jobs. It is also where our magnificent government gets tax money from. Furthermore, it is the future of growth and economic advancement unless you count federal spending as economic growth, which it sometimes is as the cash for clunkers deal is so readily proving.
On the other hand, when it comes to free health care, somebody has to pay if there is going to be economic compensation for providers, even though I do not expect the beneficiaries to do much of anything except hand bills over to whatever federal scheme is eventually passed.
It still does not appear that Barry Barack Hussein Obama likes wealthy people. Instead he still seems to be aiming to make everyone poor. Why else borrow and borrow and borrow. Also, alternatively, he would be looking to pump up the private sector. Investment and free enterprise usually generates good returns, meaning employment and profitability. Government positions are usually less financially remunerative and more restrictive as to future opportunities. Once the government takes over. all you are going to do is end up working for the feds under their terms and conditions, don’t you know. Remember, they often talk about protecting the tax payer and controlling costs and all that. So proposals for government funding of health care sound like tax and spend politics instead of prudent fiscal policy.
That is not where Barry Barack Hussein Obama is coming from. He appears to be big government, big spending, harass the private sector, all in the name of Party morale, all for one and one for all so long as its free, yo ho ho, don’t you know. This is a constant refrain and appears to be a theme song going forward.
What I am want to know is where do I come in? What is the deal? I have a vested interest in non dam water wheel type hydro power and am a big proponent of flood control and water distribution and find the going all uphill as I believe I have made abundantly clear all these weeks and months and essay after pointed, telling essay.
In America, it used to be possible to make a profit on an investment. Why isn’t this happening so much anymore? What is wrong? Has everyone gone goofy or is something rancid going on? Barry, tell me true. Where is the money? On the other hand, don’t ask, don’t ask wouldn’t seem to work here. Sorry about that chief.
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