Showing posts with label War against Recovery. Show all posts
Showing posts with label War against Recovery. Show all posts

Sunday, May 17, 2009

We're bleeding red, white and blue

For lunch today I served red, white and blue dessert--raspberry jello topped with blueberries, slathered with Cool Whip. This is to honor the USA’s survival of almost four months of the War against the Economy, War against the little guy, War against the hard working taxpayer and the War against the pensioner. Some of you are seeing this in terms of your grandchildren, but unfortunately, I don't have grandchildren. I don’t know where it stands today, but here’s what it was the first 6 weeks (Feb. 9), as reported in Bloomberg
    "The stimulus package the US Congress is completing would raise the government’s commitment to solving the financial crisis to $9,700,000,000 (9.7 trillion) enough to give $1430 to every man, woman and child in the world. It is 13 times what the US has spent on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage in the US, calculated at $10.5 trillion by the Federal Reserve."
Last night I noticed flipping through the channels Glenn Beck interviewing a Chrysler dealer. He's been in business almost 70 years (his father before him), and poof, thanks to President Obama, it's gone. About 20 people sent home to go on the unemployment rolls. I couldn't stand it. I kept flipping. You can only take so much stupidity, hurt and watching your country's economy be dismantled brick by brick, street by street, business by business, family by family.

You're a Democrat? A RINO? An FDR fan? So you're not worried. Hey--it only took 13-14 years the last time we did this, how bad can it get? Too many unsuccessful dealers--too many models? This guy's business was successful. You don't stick around 70 years if you don't have customer loyalty and you aren't providing a service. The Chrysler contract was given to another dealership two miles down the road. Ever wonder how much that guy donated to the 2008 campaign?

Go ahead. Claim paranoia. But next it will be your flower shop; dry cleaners; furniture store, craft outlet; printing company, book store; office supplier; sporting goods store; coffee shop; pharmacy. Obama, Micromanager in Chief, may decide you advertise too much, or there are too many of your kind in a 50 mile radius. And when your local tax bucket goes dry? Who's going to fill it? Higher property taxes? What if you don't own a business, you just supply a business sector. What if Obama decides you can only sell a certain amount of janitorial supplies (to save the environment and not hurt your competition); or that you've met your quota of jewelry designs to market to that new mall store; or No, you can't have a start up on the internet--there are too many now.

We've always (in my life time) had these rules at the local level. You don't build your bar next to a school or a church; you can't leave junk autos from your repair shop on the street; you must mow your lawn. But from Washington DC? Did you, Democrats and fraidy cat Republicans, you elected a man with no business experience and almost no time in the US Senate just so he could drive us over the cliff while reading a teleprompter scrolling words about not exporting American jobs? He's right in a way--there won't be any jobs to export because only those global companies with a base overseas will be profitable.

Disclaimer: I drive a Dodge van; my third Chrysler van; my brother does too--his second; my father had several; my sister as a PT Cruiser; my niece and nephew had Chrysler vans. I'm very sad that my 2002 van that gets 28-29 mpg on the highway may be my last.

Thursday, April 30, 2009

Thursday Thirteen
13 economic stories in today's headlines

Glancing through today's stories in the WSJ, we seeing that Obama's WAR (War against Recovery) continues with nary an objection from Congress or the Media. The other War, the one in Iraq, Bush's War, is also on the uptick, but that one is buried in the back pages because Obama's policies, promises, and apologies have emboldened the terrorists insurgents in Iraq, as well as Afghanistan and Pakistan, creating more civilian deaths and making the Middle East and America less safe.

1) Time Warner prepares to shed AOL
2) Chrysler nears bankruptcy
3) ArcelarMittal posts loss
4) As profit cools, Starbucks plans price campaign
5) Cessna to suspend new jet
6) Renault USA revenue slid 31%
7) Bayer AG earnings plummet 44%
8) German tire maker Continental AG reports loss
9) SAP AG's profit declines 16%
10) Flextronics Int'nl fell 28%
11) Google top exec departs
12) Time Warner cable posts 30% drop
13) FBI looks into losses at Freddie [this investigation began under Bush but will go no where because it will lead to Democrats in Congress]