Conservative Political Commentary

...anti-socialist, anti-globalist, and usually with an attempt at historical and economic context

Monday, January 7, 2013

The “Raw Deal” for America Is Barack Obama

President Obama and his cabinet


Some have called the fiscal cliff legislation a “raw deal,” which it is, but it’s not so bad compared to other political things we’ve been subjected to under the reign of Barack Obama.

How many more outright, deliberate lies will we get from President Barack Obama over the next four years? While George W. Bush’s debt increased a lot, and Obama called it “irresponsible and unpatriotic,” the national debt under Obama has reached far beyond the stratosphere. Obama has said that raising taxes in a weak economy is bad policy, but it’s obvious he thinks it’s not bad enough for him to not want to do it. He wants everyone except his cronies to be economically weaker, so as to have to depend more upon government.

Obama is probably 2012's “vacationer of the year.” As some satirical article said, he was so named by the travel industry. The problem is, every vacation (ten or so per year) costs the taxpayers several million dollars, and causes considerable inconvenience to the people unfortunate enough to be near his destination. And his fundraisers seem designed to inconvenience as many commuters as possible. On the other hand, when he’s out of Washington, D.C., that may be, on balance, a good thing. If we had a budget, maybe a few billion could be designated as presidential vacation funds, and he could be out of the country a lot more.

But his vacationing and fund-raising practices are minor things compared to his enabling of the big banks, big cronies, political beneficiaries, union thuggery, etc. and his endless harassment of businesses not quite entirely controlled by him or his pals.

Eric Fry, at Daily Reckoning, documents some of the cronyism the Obama Administration blatantly practices. For example:
To reward incompetent finance company CEOs with billion-dollar bailouts, for example, is to punish the employees and shareholders of the prudently operated finance companies that compete with the firms receiving bailouts.

To refrain from investigating and/or indicting Jon Corzine for “disappearing” $1.6 billion of client funds is to punish both the 38,000 M.F. Global customers who are still missing the money they did not deserve to lose and the 1,000 employees who lost paychecks they did not deserve to lose.

To continuously intervene on behalf of politically connected incompetence and sociopathy is to invite the kinds of corruption, recklessness, cronyism and criminal negligence that ruins innocent lives and destroys entire economies.

The US is sprinting down this very path…as last week’s “surprising” $2 billion loss at J.P. Morgan Chase illustrates. Morgan’s egomaniacal CEO, Jamie Dimon, described the furor over the trading loss as a “tempest in a teapot.”….

There’s a direct connection, Dear Reader, between the trading losses at JP Morgan and the conspicuous non-prosecution of Jon Corzine. In fact, there’s a term for this connection. It’s called “moral hazard.” ….

… Dimon understands the rules of this rigged [bail-out] game very well. He knows he can conduct mega-billion-dollar speculations because he knows that JP Morgan could never bankrupt itself, no matter how recklessly it conducts its business. The US central planners would not allow it. Morgan could build bonfires with $100 bills in front of all its branches every night, and it still would not be able to burn through the federal government’s commitment to keeping it alive.
And on and on. I recommend reading this entire excellent article. It was first published in May 2012, but is equally relevant in January 2013.

Obama’s “balanced approach” to our fiscal problems, to him, means greatly increased taxes and no spending cuts, and don’t even think about entitlements unless you want to add more. It is widely recognized that we are on an unsustainable path and nothing is being done about it. The debt ceiling issue is coming up again, which cues Republicans to try to do something about the surreal spending, but, lacking the power to do a lot, we’ll likely see the debt ceiling increased by a few trillion dollars, followed by another credit rating downgrade for the U.S. Treasury.

Meanwhile, we will incur more and more debt that can never be paid except by very-cheap to nearly-worthless dollars. But that seems to be the plan.

The suddenness of the dollar’s collapse (worst, yet not-so-improbable case) could be astonishing. A great deal of trouble could be avoided except for the stubbornness of Mr. Obama, but it seems the only thing we can get out of our current government is kick-the-can, temporary, band-aid fixes, when the patient is on its fiscal death bed, being bled dry by economic policies that can do nothing but contribute to ruin.

I wrote that the GOP should not continue negotiating with Obama on the fiscal cliff and sequestration, but just let it happen. However, I can’t fault John Boehner much for supporting the fiscal cliff deal that was reached. He wanted to spare us the larger tax increases of the fiscal cliff and this was the best deal available. When the Democrats control the White House and the Senate, Republican power is quite limited. However, the GOP does control the House, so they can at least stop some of Obama’s plans, such as more gun control, and might be able to defund some of the worst programs.

America lost a great opportunity in the 2012 election. The GOP has a few years to figure out how to persuade more voters to prefer conservatism over socialism. It shouldn’t be that hard, but the leftists are well-funded and well-organized, and nowadays have no shyness about expressing who they really are – except at the top, of course. Pay no attention to what Obama says, but see what he does. His words cannot be believed, but his actions speak for themselves.

When you mix Obama’s deeply flawed economic policies with outright corruption, what you get is dangerous and frightening. It is hard for me to think of Obama as a nice guy I’d like to have a beer with (if I drank beer).

Judicial Watch has named its 2012 Top 10 list of “Most Wanted Corrupt Politicians,” and President Obama is there, along with Administration members Hillary Clinton, Susan Rice, Eric Holder, Energy Secretary Steven Chu, and HHS Secretary Kathleen Sebelius.
Also listed are five members of our Congress, three of whom are Democrats and two are Republicans. In the “Dishonorable Mentions” section, we find the names of DHS Secretary Janet Napolitano and former CIA Director David Petraeus, and four present or former legislators. Justifications are given, and they are quite extensive. Some are only briefly referenced here.

The article faults Obama for illegal recess appointments, illegal immigration, unprecedented secrecy, czars, and several other major violations.

Clinton and Rice are criticized in connection with misleading the public by lying about Benghazi, and Clinton for ignoring requests for additional security at the consulate.

As for Eric Holder,
A regular on our annual Top Ten Corrupt list, Holder shamelessly operates the most blatantly politicized Department of Justice (DOJ) in a generation. And, with the Operation Fast and Furious scandal, it is no exaggeration that his agency has blood on its hands….

On December 5, 2012, CBS News reported that 17 DOJ and ATF officials had been faulted in an Inspector General investigation of the Fast and Furious scandal. But, the man at the top remains unscathed, even after becoming the first attorney general in history to be cited for criminal contempt of Congress for refusing to divulge documents about DOJ lies to Congress about Fast and Furious.

Every day that Eric Holder remains at the helm, the Department of Justice sinks further into the abyss of cronyism, corruption, and deceit. And it is well past time for him to go.
Regarding Energy Secretary Steven Chu,
The final decisions on Solyndra were mine,” said Secretary of Energy Steven Chu in his testimony before the House Energy and Commerce Oversight Committee on November 17, 2011. And this should be his political epitaph. Chu’s decision to pour $528 million tax dollars into a failing green energy boondoggle that went belly-up in 2011 is indefensible and corrupt, especially in light of the fact that Solyndra’s key investor (Tulsa billionaire George Kaiser) also happens to be a major Obama campaign donor….
For all his ability to get re-elected, Mr. Obama presides over a scandal-ridden (Solyndra, Fast-and-Furious, Benghazi, etc.) secretive, and anti-Constitutional administration.

Judicial Watch quotes the president from January 21, 2009, as saying “Let me say it as simply as I can: Transparency and the rule of law will be the touchstones of this presidency.”

This promise has not only been broken, it has been annihilated.

But be of good courage, four years will go by quickly, and the America we once knew (free, morally strong, and prosperous) can still be restored and improved. We just need to get the Democrats/fascists/Marxists out of power and focus on real problems, such as getting conservatives elected.
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