Tuesday, July 13, 2010


America is shuddering in a struggle to shake off a recession, just as it is told the recession might morph into a depression. The admonishments coming from the daily teleprompter addresses of its President further shake the nation’s confidence, as blame becomes the only strategy dripping from the country’s leadership.

America has ushered in a new age of self admonishment led by a White House and a Congress that are using the widespread economic crisis to reinvent the country. As the administration increases spending, and augments government intrusion into all corners of human endeavor, it rationalizes the trillion dollar budget deficit, and ignores the looming burden of overwhelming debt. The government ignoring the imminent and inevitable monetization of this debt, doesn’t subdue the anxiety felt by entrepreneurial or mid-sized businesses in every corner of the country.

Beside shattering the economic foundation with which America has been endowed, this Administration and this Congress are also doing everything possible to internationalize their own feelings of impotence. Through promotions of head-numbing programs such as those given energy in Copenhagen, or the exaltations on the cap and trade contrivance, there is astonishing evidence that a radical transformation of the country is being attempted.

Actions and policies of this White House are either purposeful or the result of ignorance, but in either instance, the MSM is providing it a pass on the majority of its follies. In some cases the MSM even applauded from the sidelines such as when Obama strengthened the influence of the United Auto Workers over the US auto industry. Americans watched passively as the very unions who destroyed Detroit were provided even greater influence over companies that now flail against advancing forces of extinction. The people who abused their power and the cash of their own membership for most of a century, now dictate the future of the American automobile.

Working Americans, and all those who have lost good paying jobs, will not be lulled into believing in taxpayer funded windmills, but they are being demoralized by Washington politicians who can’t seem to tell truths, or provide direction. The endless releases of nostrums pitched by a floundering President leave little suspense as to his abilities, or capacities to lead the country creatively out of the doldrums. His limitations have further evidenced themselves in those he has surrounded himself with. His most senior advisors and appointments are either reflections or lesser versions of their boss.

There is also failed leadership in the richest corners of corporate America where the most visible captains of industry have not shown themselves to be diligent or effective in administering their fiduciary or managerial duties. Some, such as the CEOs and Directors of City Bank, AIG, Lehman, Merrill Lynch, and Citygroup, have in fact proven to be weak-kneed, and self serving hacks who had to run for cover, begging for taxpayer bailout money when twenty years of easy money, easy growth and easy markets turned against them.

Americans do not appreciate bailout receivers or givers. Americans don’t respond so well to whiners and blamers who depend on committee regurgitations for direction. Americans, like most fellow human beings, respond positively to optimistic visionaries who are clear, confident, and straightforward on goals and strategies.

The current leadership appears incapable of pulling the national consciousness out of its stagnating paralysis. The nation has slowly slid into react mode, with no charisma-with-purpose pulling its attention. The result is a country of demoralized taxpayers staggering to pull the eject lever on incumbents. Unfortunately this negative energy is simply a reaction against the current leadership, rather than a wave of confidence empowering an inspiring champion.

America is once again playing “find a leader.”

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Monday, July 5, 2010

• The Obama & Krugman Keynesian Conceit

Paul Krugman, the Keynesian drum-beating economist, was invited by CNN on Sunday to promote the Obama strategy of pumping additional billions into the economy. One of his very telling responses to Fareed Zakaria’s question on significantly more spending and borrowing was “what about now?”

This very self serving response from Krugman was an advocacy of profligate spending very much in keeping with a too popular expectation of immediate gratification. Pushing the debt onto future generations, and “get-me-what-I-want-now,” is the egocentric inclination that delivered the current state of financial devastation. “What about now?” came from the mind of an economist who exudes a distinct arrogance much too indistinguishable from that personified in Obama.

The defiant arrogance, evident in both of these currently influential individuals, is a disconcerting heap of hubris that America’s present and future conscience must reject out of hand. Another prognosticating ego on the talking-head circuit is Nouriel Roubini, the self-proclaimed forecaster of doom, who improves his personal bank account by knocking capitalism and calling for more government intervention. Current and future taxpayers cannot afford to accommodate such egocentric thinking, from egocentric minds. When overwhelming egos audaciously preach anything, we should become very suspicious of the direction they profess to lead.

I am making a statement less on economic theory, than I am making an observation on the message our intuitive natures are very likely receiving, many of us at least - the Obama and Krugman recipe for a utopian Now is false. It is false for the Now, and it is false for the Future. We should be apprehensive and skeptical of all egocentric thinking. We should very much distrust assertions, articulate or otherwise, that emanate from well-understood egotism.

Weary taxpayers should demand leadership that does not ignore the burdens of tax increases, massive stimulus spending, and out-of-control deficit spending. They should also demand of the Krugmans of the world, why they have no solutions to the impossible debt load that will be confronting America in 10 to 12 years. Taxpayers are standing on the sidelines of a progressive parade sweeping the country with an ideology that is expanding government to redistribute wealth rather than enacting measures to stimulate its creation.

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