Posts Tagged ‘recession’

Dear Mr. President

Dear Mr. President: 

 In today’s dangerous world, we need a President with experience, leadership, and courage. Unfortunately you have shown us little of those traits. Your childhood and younger years denied you the opportunity to grow up as an American man, and that is no fault of your own. Unfortunately, your lack of empathy for and experience of a traditional American upbringing has left you out of touch with those of us who grew up learning the traditions and work ethic of our predecessors. You have never accepted the honor of military service, nor held and survived in any sort of entry level working position. You are bereft of many of the basic building blocks of a true American personality and world view. 

You have never experienced the icy fingers of fear caressing your gut during a firefight when your very survival from second to second depends on your luck, wits, fellow troopers, and the grace of God. You have never sweated out a payroll when your receivables are late. You’ve missed the rewarding feeling of flogging a loaded truck all night to deliver a load 500 miles away at 7:00 AM. You never shoveled cow manure for less than minimum wage to earn enough for a rattletrap car. You missed out on greasing dump trucks on the night shift, and never had the opportunity to start out cleaning restrooms and sweeping floors in a factory. 

 Your education was in the law, and you ignored any opportunity to absorb the lessons of history or the theories of economics. You have never experienced the ecstasy of success or the lash of defeat in the private sector. While you play golf, basketball, and surround yourself with “the swells” enjoying concerts in the People’s House, those of us in the general public dine on Spam and Costco burgers. I can’t put my wife on a 747 and send her to Spain so she can be ready to spend 10 days on Martha’s Vineyard when she gets back. She works 7 days a week and so do I – spreading 4 full and part time jobs between us to make ends meet. 

 I watch in pain while my business venture slides into oblivion and my small IRA erodes as your economic policies push the nation into a double dip recession. This economy is locking up again, and you cannot blame former President Bush. The great construction jobs I created are ending while you pour trillions in borrowed money into the public sector to buy votes. I blame you personally for appointing the ship of fools you have as cabinet officials and advisors for this. You are repeating the gross mistakes of Japan in the ‘90s and the Roosevelt Administration in the ‘30s – both of which failed and lengthened severe economic problems for a decade or more. You are intentionally smothering our private sector with regulations, taxes, and mandates at the same time you squander the wages and futures of our children and grandkids. 

 I deplore your continued efforts to divide the greatest nation of immigrants in the world along race and class lines. Pandering to various groups and attempting to set them against other Americans is demagoguery at its worst. I sincerely hope such actions end up damaging you in the end and not our country. 

 You will leave office with a big pension, Secret Service protection, and gold plated health care for life. I may well end up with 40 years of hard work down the drain, living in a mobile home in the backwoods. I do not resent you for your good fortune – you worked hard to become President and won the election fair & square. I do however despise your policies and the horrendous damage they are visiting on our nation, its economy, and our future. I have dedicated my remaining years to fighting you, your policies, and protecting our children’s futures. 

 I may well end up destroyed financially from the results of your misguided and dangerous actions – but you will never break me psychologically, nor crush my spirit. I am a Marine, I have a wonderful wife and family, and last but not least, I live in the greatest nation in the world. I shall work to my last breath to keep it that way, and you sir, shall fail to destroy that dream. 

Jeffrey S. Howard

Redmond, Washington

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Video Analogy

Take a few minutes and see a video analogy of big government and where we will all be if President Obama continues to get his way:

Watch the debt climb.

See the bureaucrats running their departments.

Observe the few trying to prevent the disaster.

Note the apathy among the dedicated workers.

Witness the tipping point, and the unstoppable aftermath.

Notice the businessmen, stripped of their dignity, thrown into the maw.

Watch how the workers are tossed in immediately after.

Whose children are these – yours, mine, or will they be our grandchildren?

Stalin culled out the thinkers and entrepreneurs and worked them to death in the Gulags. Mao selected the landlords, business owners, and intellectuals and put a bullet in the back of their necks. Obama is not a dictator, and does not have the power to become one. His kinder, gentler way of crippling a free economy is to ostracize, criticize, tax, regulate, and marginalize those who create jobs and write the paychecks.

 “Spreading the wealth around” will soon lead to no more wealth to spread around.

VOTE THIS NOVEMBER!

Double Dip?

The Dow is down 275 points this morning, below 9900 and falling like a safe dropped from a helicopter. It just touched beneath the absolute low hit in the “flash crash” of May 6th. Consumer confidence plunged from 62.7 to 52.9 in one month. Recent polling shows that over 62% of Americans think the nation is on “the wrong track.” Exactly what is this market, supposedly a leading indicator of economic activity, trying to tell us?

The market is telegraphing that there is no confidence in the present government trajectory toward tax increases, more borrowing, and higher deficits. It also dislikes the dead hand of government in the management of financial institutions, automakers, and health care. It deplores the idea of saddling the economy with cap & trade costs, and realizes that “stimulus” spending largely directed toward the public sector is totally non-productive. Investors and businesses have seen this movie before – when the very similar activist policies of FDR failed to cure the Great Depression which lasted well into his 3rd term.

Vice president Joe Biden has said that we “need to spend money to keep from going bankrupt.” Nancy Pelosi has stated about the Health Care Bill that “we have to pass the bill so we can see what’s in it.” Christopher Dodd comments on his financial reform legislation: “No one will know until this is actually in place how it works”. Of course no one can forget candidate Obama’s comments on cap & trade: “electricity rates will necessarily skyrocket,” and on taxes: “it is better for everyone when we spread the wealth around.”

Peter Orszag, the OMB director responsible for planning budget deficits beyond contemplation and cooking the books to make Health Care appear feasible is bailing out. President Obama just got slapped around by the leaders of the G-20 when he floated a trial balloon involving more massive “stimulus” spending. These heads of state are belatedly awakening to the fact that Keynesian economic theories eventually crash, but Obama, Summers, Geithner, and Biden have yet to catch on. Unfortunately, they never will because they are so completely wed to big government along with massive spending, taxing and regulation schemes. Of course, buying votes from SEIU and UAW members is the prime benefit to the administration of the mix.

This administration is stealing from our grandchildren and spending our national future down the drain. The red ink must be staunched, entitlement spending reformed, Health Care repealed, and government cut back. Obama will never consider it, so the only way to begin a reversal is to elect a Congress that will refuse to fund these massive programs.

The next time you see a baby, stop and wonder how he or she will think of our generation in about 50 years. Then promise that baby that you will vote now to stop this insanity before it is too late. No American has the right to live in the present off the future earnings of another.

Just the Facts

Here is Daniel Hannan, Member of the European Parliament chastising former Prime Minister Gordon Brown about deficit spending and borrowing. This exact same speech could and should be delivered in our own Congress, on the Sunday talk shows, and from every rooftop in America. Keep in mind that when Mr. Hannan mentions that every child in Britain is born owing “Twenty Thousand Pounds”; in America every child is born owing just shy of $400,000!

Our own Senator Murray and Representative Inslee are so wrapped around the axle with myopic liberal orthodoxy that neither of them would ever think of opposing the dangers of the nation’s present path toward future bankruptcy. Both ignore the past, are blind to the future, and concerned only with personal power. It is our job to elect replacements for them with Mr. Hannan’s common sense and courage. They are out there and running in the primaries this very moment and deserve our support.

This November General Election may well be the most important in our lifetimes. Don’t miss this opportunity to make a difference. Your little loved ones, too young to vote or yet unborn, are depending on you.

Generation Zero

“The current economic crisis is not a failure of capitalism, but a failure of culture.”

This is an apt description of this documentary that every American adult should see – perhaps twice. It moves fast, with many vivid images interspersed with narration from a number of individual experts in finance, government, culture, and history.

It basically demonstrates the truth about how the Boomer Generation was raised, matured, and eventually became leaders in government, finance and academia. Not discussed is the fact that this generation split along cultural lines in the 1960s. Here is a trailer from the movie. The generational split is discussed below:

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A vivid cultural division occurred in the ‘60s between those who were raised with almost anything they wanted by doting parents and others who grew up having to work hard for nearly everything they got. Millions of young people were sent away to college fully financed by family money, safe from the draft on student deferments. Once away from home, they rebelled, rejecting the values on which they had been raised and embracing the counter- culture of pleasure, drugs, free love, protest demonstrations, and contented living in filth.

These individuals eventually outgrew the hippie lifestyle, cleaned up their acts, embraced materialism, and matured into yuppie types. With their education credentials, they moved up in the ranks of academia, law, finance, and government, eventually attaining leadership positions as the old guard who had experienced the great Depression and WW II retired. Their main flaw was a lack of experiencing any hardship, and a narcissistic expectation of good times and easy money forever. They became prone to taking huge risks with other peoples’ money; blindly ignoring the potential devastating consequences.

The other half of the Boomer Generation entered young adulthood without the advantages of family money, could not afford college, and millions ended up serving in Viet Nam. Their work ethic enhanced by military discipline, they returned home despised by those with whom they had grown up who had avoided service. They tended to drink heavily for years; self medicating against what is now called PTSD. Most eventually settled into blue collar jobs, raised families, and maintained the value system of the middle class.

Generation Zero aptly lays out the journey of the privileged from childhood to DC and Wall Street; focusing on the root causes of the present financial crises. It is a very compelling examination of how America went from the prosperous ‘50s to the present economic contagion.

Please order and watch this movie. Share it with those you know. This is a story that every responsible American must understand. It will be the most informative $25 you ever spent. Understanding how the economy got to this point will arm you with the knowledge of how to safeguard your future. The link to the site is below:

http://www.generationzeromovie.com/