Obamanomics II

Have you taken a road trip lately?  If so, you’ve seen Obamanomics up close and if you have a basic understanding of economics, you should be horrified.  I just completed my third transcontinental drive in a year (Don’t ask.  Suffice it to say a woman and a dog were involved.) and I can attest that in many cases we are digging up thousands of miles of perfectly serviceable road and repaving them with almost no perceivable improvement.  This is not just wasteful.  It is madness.

   

Economists have forever posited that if full-employment is the goal, why not just dig holes and fill them in again?  Everyone in the country can be kept busy and no one would be unemployed, hallelujah!  But of course this policy is never proposed as a real solution to anything, only as a proof that “creating jobs” is not the goal and “creating value” is.  Unfortunately, Obama and his economic team were either golfing or protesting the bourgeoisie when that lesson was taught.

The supposed architect of Obamanomics, John Maynard Keynes, mentions the fallacy of digging holes and filling them in again in his writings but no one would mistake it for a serious remedy.  Then again Keynes never suggested borrowing trillions for stimulus while running huge structural deficits.  Never mind, that hasn’t stopped them from citing him as their guru for these policies.

 

All in all, Obamanomics has proven to be a tragic farce.  Whether we are being ruled by a confederacy of dunces or an evil cabal is open to debate.  But on the matter of measurable economic results, “the science is settled” as they say.   

Anatomy of a Myth V – Obama Deserves Kudos for “Ramping-Up” the Drone Attacks

Even the most ardent Obama detractors manage to offer the President kudos for “ramping-up” the drone attacks on terror targets. Then they usually throw in a nice word or two about him “getting bin Laden” and then it’s right back to berating him for just about everything else. Well, I’m not going to play that game. Nope. I give him no credit for bin Laden OR the increased drone attacks. In fact, I think both are emblematic of perhaps Obama’s biggest failure of all: losing the intelligence war. To understand why, let's go back in time to the very beginning.

The very first item on Obama’s to-do list was to close the prison at Guantanamo Bay. This had nothing to do with making America stronger. It was a political promise motivated by a mistaken belief that the prison violated international norms and/or the Geneva Conventions. Some prominent Republicans, including John McCain, were also among those calling for closing the prison. But Obama went much further. He wanted to close the prison, move the prisoners onto US soil, try them in civilian courts, treat them like citizens, offer them defense attorneys, place them in witness protection programs, provide them with high-paying union “green jobs”, and get them all slots on American Idol.  (OK, I made those last ones up.)

Of course, Gitmo is still up and running but the administration has pledged to add no new prisoners there. No prisoners? What to do? The answer: kill them all. Rather than engaging in the hard work of capturing live terrorists and interrogating them, Obama prefers dropping bombs on them and their villages from un-manned drones at thirty thousand feet. To the left, indiscriminate death from above is morally just, but capture and interrogation, while perhaps saving hundreds of innocent lives, is unthinkable! The result of this kill-all policy has been a dearth of new first-person intelligence. Are we safer? Are we morally better-off executing suspects than we were holding and questioning them? Are we making more friends in Pakistan and Yemen this way?

Bin Laden’s assassination was part of that same pattern. By now everyone accepts that bin Laden would never have been found were it not for the policies of George W Bush which Obama universally opposed. Moreover, Obama had no way of dealing with a live terrorist, so his only option was execution. Had he been interested in learning as much as he could about al-Qaeda and preventing future attacks, he would have captured bin Laden and dealt with the political ramifications. But his interest was to make the headline and avoid the sticky politics. As for any intelligence gathered from that raid, its value was instantly undermined by the administration's leaks. Why tell the enemy what we found? Why not keep hush or say everything was destroyed?

No, on this 10th anniversary of 9/11 if I’m going to praise President Obama, it will have to be on the grounds that he seems to be a decent father. In fact, he’d make an excellent full-time father!

Save the Guitars!

Obama Hates White People!

Remember when George W Bush was accused of not caring about black people after Katrina hit New Orleans, a city with a nearly 70% black population, and prominent blacks and Democrats rushed to his defense pointing out that the city and state, who are the first responders in a disaster were both run by Democrats? Yeah, me neither.  Pass it on.

Well, it turns out that Vermont, devastated by Irene, is the whitest state in America.  Has Obama been there yet? How many FEMA trailers are on the ground today? Has power been restored to everyone? Is everyone in a shelter? Has the US Army or Navy been mobilized? Does everyone have food and water?   Look, we had a whole week of dire warnings to prepare for this thing.  This was not a surprise!  Was Obama on vacation or something?   I think Obama doesn’t care about white people!

Of course, both the accusation against Bush and my parody against Obama are ridiculous. The difference being I understand the idiocy, but Democrats including Obama rode that ginned-up hatred to electoral victory. Shameful.  And dangerous.

Kanye West Accuses Bush of Not Caring About Black People
http://youtu.be/zIUzLpO1kxI

Vermont ranked as whitest state on Wikipedia
http://en.wikipedia.org/wiki/White_American

Spike Lee bashes Bush on Katrina response
http://www.bvnewswire.com/2011/05/24/spike-lee-calls-out-george-w-bush-for-katrina-response/

The Gibson Blues

First they came for Non-Union Toyota but I didn’t care because I drive a UAW pick-up.
Next they came for Non-Union Delta Airlines but I didn’t care because I don’t fly.
Then they came for the Non-Union Boeing Plant but I still didn’t care because I still don’t fly.
Now the Feds have raided Non-Union Gibson Guitars and I am really pissed-off because I’ve been saving my damn unemployment checks for a smokin’ Les Paul Custom which I could never afford if the price goes any higher!
These Reds are beginning to give me the Blues.   (Apologies to Martin Niemoller)

Yesterday Gibson Guitars in Nashville Tennessee was raided by federal agents.  At first, based on early reports, I thought this was a minor issue about exotic imported wood. NOT ON YER LIFE! This is friggin' serious and I believe it is about UNIONS and OBAMA'S JIHAD against non-union companies and right-to-work states.  Here is a comment clipped from my research on the subject:

“Companies don't move south for the weather.
Tennessee is a Right to Work state and the reason Gibson moved operations there (from Michigan) was to avoid unions. They picked Tenn. over all the other union-unfriendly Southern states because of tax incentives offered to them, but they moved because of labor.”*

This is ominous and Gibson may be fighting for its non-union life, just like Toyota, Boeing, Delta, and others before it. Can you believe we live in a country where the full power of the federal government is blatantly used to selectively harass non-union businesses? I still can't believe it has come to this in our once "Free Country".

*Hat Tip: “Wyatt” on Harmony Central Forums
Update:  If you are unfamiliar with the Toyota/Union connection, please follow the above Toyota link.  Read it and weep.   

Jobs Leaving!

The big news today was: "Jobs Leaving"!  Isn't that the same headline we've had ever since Obama got elected?  Jus askin'...

Holder Announces Investigation!

Attorney General Eric Holder has announced that the US Department of Justice will vigorously investigate any news outlet reporting on the downgrade of the structural integrity of the Washington Monument.  The Washington Monument was apparently cracked during the recent earthquake, which according to administration officials was caused by a tectonic anomaly inherited from George W. Bush, and could have been much worse.       

It could have been much worse!

Barack Obama is claiming a major victory saying that were it not for him, the earthquake could have been much worse!       

Burning Down the House: What Caused Our Economic Crisis

I don't remember seeing this at the time.  Wish more people had...

Hinckleynomics

One of Newt Gingrich’s answers at the Iowa debate on Thursday (8/11/2011) reminded me how lucky we’ve been for the last 30 years. When asked about his qualifications to be President, Newt touted his experiences in congress both as a member and leader during periods of divided government when pro-growth policies nevertheless emerged. The two periods he referred to were the Reagan era Kemp-Roth Tax cuts, and the Clinton era Welfare reforms and capital gains cuts. While both those were in fact accomplished with divided government, I maintain they were very different, and one of them actually qualifies as a miracle.

Not all divided governments are equal. In Clinton’s case the legislature after ’95 was united under Republican leadership. That gave two thirds of the government to the pro-growth Republicans. To Clinton’s credit he went along and reluctantly signed the pro-growth agenda into law, but he was the minority who went along with the majority.

In Reagan’s case, the house was under hostile Democrat leadership and the Democrats could stop the Senate any time they wanted.  How then did Reagan get to sign a sweeping pro-growth tax law?  Much of that had to do with Reagan’s ability to go directly to the people, but there was another factor; Reagan was shot early in his presidency and within about 4 months, Kemp-Roth made it through congress.

Had Reagan not taken a bullet and built-up such a reservoir of good will and respect, would Democrats have given him his wish? We’ll never know, but I’m skeptical.

In other words, John Hinckley’s deranged act and poor marksmanship may be the reason we had almost 30 years of full employment and economic growth in the US.  Sorry Newt, it wasn’t all you.

(Note: this piece was edited 4/2012 for inaccuracies.)