Tag Archives: stimulus package

Wynn Teaches Basic Economics to Gov. Granholm

In what was a lively discussion on Fox News Sunday, Steve Wynn responds to Michigan Gov. Jennifer Granholm’s stubborn defense of President Obama’s stimulus package by giving her a very brief lesson in basic economics:

If we had taken the tax-cutting response to this recession the economy would be in much better shape today.  But our ideologue-in-chief could not do something like that, so utterly anathema to everything in which he believes.

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What the lobbyists are saying

Writing over at No Quarter, Larry Johnson has an interesting perspective on lobbyists and the Obama administration.  It is short, so I am quoting his entire post here:

Just got back from lunch at a Capitol Hill watering hole–the 116 Club. Private place that caters to lobbyists and Senators. I spent most of lunch looking at Tom Daschle’s wife, Linda, who was sitting at a near by table. She’s an attractive lady. I was with a lobbyist who is well plugged in with Democrats and Republicans. So he asked me, “Do you know the nickname the lobbyists have for the stimulus bill?”

“No, what is it,” I replied.

“FYGK, which means we’re going to f*** your grand kids.”

The irony of the stimulus bill is that it is bringing business to lobbyists who are being asked to paw thru the garbage and figure out how to get folks money. When you put this news with the fact the current spending bill is going thru ladened with earmarks you might be a bit leery of Obama’s promise to bring a new day to Washington.

A senior official for a very prominent Democrat stopped by our table and gave my friend an update on the spending bill. He noted that many Republicans will back the bill because they have hefty earmarks in it as well.

Let’s face it–we have a culture of political corruption in Washington that is continuing unabated and Obama is catering to it despite grandiose promises to the contrary.

One other thing is happening–very few lobbyists are willing to take spots in the Obama administration. Like it or not, many of these lobbyists are the genuine experts on the issues they cover. So who is Obama tapping to take the jobs lobbyists might have been given in the past? Hill staffers. Earnest thirty year olds who have spent most of the post-college careers acting as butt boys and girls for various senators and representatives. They may know the Hill but they know very little about the America outside the beltway. Great!! Just what we need. Youthful exuberance tempered by ignorance.

There is an irony here. The lack of experience by these people will ultimately hurt the Obama presidency. His seemingly noble efforts to exclude lobbyists to improve government and reduce corruption actually is having the opposite effect. Unreal.

This is what you get when you elect a guy who is barely qualified to be a small town mayor.

The Idiot’s Guide to Destroying the Economy

Roger Kimball has a 12 step program guaranteed to destroy the economy.  It is going to sound quite familiar, if you are up on the (non) stimulus package or the monstrous Obama budget.  I am posting it in its entirety, you can see Kimball’s post here.

Think destroying the mighty economy of the United States is too big a job for you? Relax. Anyone can do it. A friend sent me a handy-dandy no-fuss 12-step program for wreaking financial havoc among even the world’s most advanced economies. I adapt it below for your edification. Your congressmen probably already have a copy. The White House certainly does. But you might want to print it out in case some opportunity for spreading unhappiness comes your way:

1. Since investors and the market in general hate uncertainty, have a vast array of conflicting ad hoc policy decisions so as to create uncertainty everywhere.

2. Transfer money from those who create sustainable jobs to those who create unsustainable jobs, e.g., the government

3. Promise to invest money in things that will enhance the country’s infrastructure, such as roads and internet access, but then practice bait and switch on a breathtaking scale, so the effort is swamped with pork for pet projects dear to Democrats

4. A sufficiently generous larding of pork can help ensure the destruction of bi-partisanship, so squandering the initial good will is definitely a very good move. After all, it’s hard to get things done when you’ve alienated people whose help you need.

5. Undermine the ability of those who create jobs by increasing their taxes so there’s less money available for investment.

6. While you’re at it, offer to spread the income around by raising taxes, in the process, making it clear to those who work hard, invest in their educations, take risks, save, and delay gratification that they will see their money go to those who do not do these things.

7. Encourage class warfare. Divide the populace and destroy cooperation, thus encouraging backlash and creating paralyzing polarization.

8. Talk up protectionism, since the beggar-thy-neighbor approach has such a long and vigorous history of encouraging depression.

9. Scare people with talk of economic catastrophe. You can backpeddle later, but the initial good work of helping people lose confidence should have a lasting impact.

10. Print money on a scale that will insure inflation in the future. Print it on a scale that will make people not want to hold U.S. debt without staggering interest on that debt, if they’re willing to hold U.S. government debt at all.

11. Instead of allowing hopeless institutions to go bankrupt, pour vast amounts of money into them, prolonging the pain and running up the cost while only delaying the inevitable.

12. Burden future generations with unprecedented amounts of debt so that the eocnomy you ruined today stays ruined tomorrow.

My friend stresses that this list is not exhaustive. Ask your elected representatives for further tips. Or write to the White House: they have loads of ideas for making things worse. But be patient. Ruining the greatest economy the world has ever seen is not something you can do overnight. But it’s amazing, isn’t it, how much progress the President has made in less than two months? Five days before the election, he told his followers that they were that many days away “from fundamentally transforming the United States of America.” Poor things. They thought he intended to make America stronger. Fat chance.

Mr Obama is definitely following this roadmap.

Tea Party protest update

Michelle  has an update, with pictures, of more Tea Party protests in several cities.

I love this sign:

Hope and Chains

Hope and Chains

How many of you have seen coverage of this on the news?  It feels like a blackout to me.

Check it out here.  And for more pictures, look here.

4/16/2009 Update: Go see pictures of the Atlanta Tea Party here.

Voters increasingly skeptical of Comrade Obama

The honeymoon is over, as is the myth that Obama is a new breed of politician or that he is not just another hard-left ideologue hungry for more government power.  Just a brief look at his Big Brother stimulus bill (a multi-generational vote-buying collectivist transfer of wealth) and his massive spending proposals in the budget show anyone who is not still drunk on the Kool Aid (or blinded by skin color) that this empty suit President is just as bad as his detractors said during the coronation campaign.  Big spending, big government class warfare is what this guy has always been about.  This clown is just like all of the others in his party, the only difference is that he speaks well and the media adores him, largely because of the false narrative they penned of him.  He remains little more than a shiny object around which legions of myrmidons gather, awaiting some holy nugget of a cliche to tell them how to live their lives and who to blame for everything (if that jerk uses the word “inherited” again in reference to the Dodd/Frank/Obama financial meltdown I am going to shoot the TV).

PowerLine reports that the “approval index”, or the difference between the “strong” approval rating and the “strong” disapproval rating, is steadily shrinking as people get a better and better look at Obama the President as opposed to Obama the opaque say-anything candidate.  That index now sits at 8 percent:

Obama Approval Index - Rassmussen Reports

John adds:

Overall, 58 percent approve of Obama’s performance so far, while 40 percent disapprove. As we’ve said before, that’s not bad, but it’s nothing special for a newly-elected President. Jimmy Carter was more popular at this stage of his administration.

What’s happening here is that, while media types swoon over Obama’s way with a teleprompter, voters are focusing on something else–the consequences of higher taxes, unprecedented federal spending and control over the economy, and crushing levels of debt. The more they focus on those things, the less they like them.

Most voters will give the Democrats the benefit of the doubt for now. But as the ill effects of the Dems’ policies confirm voters’ skepticism, the stage may be set for a decisive revulsion against the Democrats far-left program. That is, I think, the hope that conservatives need to focus on in 2010 and 2012.

I genuinely thought that Comrade Obama had learned from Bill Clinton’s huge mistake in taking a hard left during his first two years, particularly given how obvious it is that Mr Obama has studied FDR’s unconstitutional power grab when taking advantage of his time’s crisis.  I figured that Obama would be smart enough to govern more from the center but he seems to be a little drunk on his own Kool Aid as well.  He is so full of hubris that he does not realize that he is overreaching to a huge degree.  With the media covering for him it will be too late when he realizes that the regular people (outside of the Beltway or New York) have largely identified him as a huge-spending government loving liberal.

I think that I need to go buy this shirt and start wearing it into liberal areas.  Of course, only the women will comment as liberal men have no cojones.

Obama’s Speech: Same old same old

Does anyone really believe that if the present economic crisis were not occurring that President Obama wouldn’t still be pushing for every single thing that he is pushing for right now?

I am watching the speech right now… he is standing up there arguing for spending money on every off-the-shelf Democratic proposal of the last two decades but he now wants us to believe that it is being done for the economic recovery.  This is just pathetic and it is an outright insult to my intelligence.  If the economy was humming along like it was in the post-Reagan years, he would call for the identical set of massive spending programs with the logic being that we need to invest while times are good.  All he wants is to grow government.

Yeah, the key to the economic recovery is solar and wind farms.  And “Free” health care, paid for with the very tax dollars of the small businesses that the government will be saving by providing the health care.

I actually thought that his speech tonight might be interesting, but I was disappointed.  The guy does a great job of delivering a prepared speech, but it was just the same old same old.  The same old laundry list of collectivist programs, the only thing new is the alleged justification for them.  But the same boatload of myrmidons who elected this guy might buy into it, they are riding the crest of that Bell Curve…

Bobby Jindal’s speech in response had better content but he did not deliver it nearly as well.  I think that he is probably at least as smart as Barack Obama, and likely would make a more practical and thoughtful President, but Gov. Jindal is simply not as polished a public speaker.  Those of you enamored with shiny objects were probably impressed with the President’s speech, but to those of us who are not it was obviously just taken from the decades old Collectivist 101 Speech Template.  They just play games with the current justification for their same-old programs.

Atlanta Tea Party

It looks like the Atlanta Tea Party is set for noon this Friday, 27 February.  Downtown at the gold dome.  Please pass the information along to anyone that you may know in north Georgia.

Some links:

Atlanta Tea Party Blog

Facebook Group for the event

That last time that I marched in something down there was in the 90s – I used to be quite the rabble rouser.

I am trying to take the day off and take my kids down there if I can swing it.  It is a very long drive for me from the foothills but I think it could really be worth it, if only symbolically of course.

Yes, he is my President.  But a ‘honeymoon period’ does not include completely compromising common sense and when he is wrong he is wrong.  I remember a lot of lecturing about dissent being the highest form of patriotism.

UPDATES:

Tea Party protests in other states (thanks to Instapundit for the links):

Nashville, Houston, D.C., St. Louis, San Diego, Orlando, and Kansas City.