Saturday Song time

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For Saturday Song time I have taken the liberty of adding my own lyrics to this Joe Jones hit from the past. I think it appropriate that I dedicate it to Obama since that is all he seems to know how to do.


You talk too much
You worry me to death
You talk too much
You even worry my pet

You just talk
Talk too much

You talk about people jobs
That you don't know
You talk about people jobs
Wherever you go

You just talk
Talk too much

You talk about people jobs
That you've We've never seen
You talk about people jobs
You can make me scream

You just talk
you talk too much

You talk too much
You worry me to death
You talk too much
You even worry my pet

You just talk
Talk too much

You talk about people the economy
That you don't know
You talk about people the economy
Wherever you go

You just talk
Talk too much

You talk about people the economy
That you've never seen and you ain't got a clue
You talk about people the economy
You can make me scream

You just talk
Talk too much


NOW JUST SHUT UP!

And the Beat (ing) Goes On, Part 23. What's the Plan Obama?

Obama just finished his not so successful tour of the Midwest in a new million dollar plus bus that probably gets about the same or less fuel mileage as Air Force One but of course you and I are condemned for driving a SUV instead of a Volt. Then again , he's not paying for the fuel on either but if we complain about high fuel prices for our SUV we are told by the POTUS to "Get over it and get a smaller car".  Oh well,  that's fine because  he's the POTUS and was on a "fact finding" mission to help him create jobs for all Americans,, not a political campaign tour. Now if you believe that I have a nice big ski mountain just outside Dallas, Texas that I will sell you cheap.  Of course we won't know what he discovered and what his great plans are until he returns from his Martha's Vineyard vacation.  

Did anyone notice on the news that he got a briefing on International Security this morning?  Guess he had to make it appear that he was actually "working" while on vacation.  What is so important in the international situation that it takes precedence over the state of the US economy and joblessness?  We'll never know but my guess is he is at a loss on how to create jobs and jump start the economy other than falling back on his TRIED and FAILED plans of spend more and tax the rich. Hasn't he realized that doing the same thing over and over again and expecting different results is insanity or actually it appears to be stupidity.

During his "information seeking tour", he claims that 2 million jobs have been created in the past two months--Say what?  Where are they Obama? 

I believe he is trying to use the same smoke and mirror game that he attempted to pull back in 2009 when he claimed to have created two million jobs with his STUMBULUS Bill.  Fact is two million jobs were lost after he signed his so called Stimulus that was to create "shovel ready" jobs. The only shovel ready anything was the need for a shovel to shovel the BS out of the way that he was putting out in order to get to the truth. His STUMBULUS Bill FAILED and yet it is said that he is ready to submit another 1.7 billion STUMBULS Bill in order to create more jobs.

Of course he will need a new bureaucratic office to oversee the spending  and creation of these pipe dream jobs.  That would be the new Dept of Jobs of some such nonsense. Doesn't this President know that we have a Dept of Labor?  Well maybe, but if he creates a new Department of Job Creation you can be sure that it will take at least a couple of thousand people to man the desks and phones which never get answered as is true with most government offices. At least he can claim he created jobs and of course those few hundred or maybe a thousand will turn into a million or more.  Call it what it is folks, pure stupidity!

If Americans were skeptical about the stimulus before, they're downright cynical now. Only 26% of Americans agree with how Obama is handling the economy. "It [won't be] easy,the Washington Post says,"because i't nonsensical. Voters inherently understand the promises of cuts down the road coupled with immediate spending sprees are precisely how we got to this point." Like the two stimulus bills before it, this proposal would push for more construction projects and state bailouts as well as changes to the federal payroll tax, mortgage relief, and of course, yes, new taxes. As Wimpy on the Popeye Cartoons use to say, A hamburger today and I will gladly re-pay you tomorrow, seems to be Obama's slogan today, a stimulus now in exchange for deficit reduction later. Just as folks weren't fooled by Wimpy's plea for a burger lets hope that Congress won't fall for Obama's Wimpy plea.

During his not so successful tour he also pointed out that he will continue the "Payroll Tax cuts" as if they actually really helped anyone. My question would have been, just what good will the tax cuts do for those who are not on a payroll? What good did it do for those who actually had a job. Stats show that the average worker got to keep about $12 more per week. Of course he never mentions that this was taken up by the increase in fuel cost for the average worker to go back and forth to their job. Nor did he ever mention that more was taken up in the increase price of groceries--and he wants up to believe there is no inflation.

Stop blowing smoke up the people butts and admit that your failed policies that you want to foist upon the people again are nothing more than more failure and that you really don't have a plan to help the economy or create jobs.

You had two years  Obama, with a Democrat House and a fillibuster proof Senate and you couldn't create one single job plan that worked nor could you formulate a plan and get it passed to jump start the economy. The Dems owned the House and Senate for two years before you became President and they didn' t do anything except blame Bush for all the ills of the world. You can't blame this mess on Bush anymore but we can blame it on the fact that you have never had a plan and that you still have no plan.

Present a plan, on paper Mr. President, for the American People to see or admit you are clueless. Do the American people a favor and resign. Oh, and take clueless Joe with you as you go or leave him in China.

We The People are waiting!

And the Beat(ing) Goes on Part 22: More Failure from Obama and This Congress

Obama and the Congress recently threw together a so called "debt deal" to hopefully stop the lowing of the credit rating of the US.  IT FAILED since S&P lowered the rating from AAA to AA+ much to the chagrin of the White House who immediately claimed that the S&P's numbers were flawed. But then when has this administration ever taken the blame for anything.  This administration immediately called for MORE SPENDING and MORE TAXES, just exactly what the S&P said got the US to the situation it is in today.  Unfortunately those who ignore history are doomed to repeat it.  The Cap Cut and Balance Bill that was before the Senate and which Harry Reid said was DOA would have curtailed the reduction in the credit rating but of course the Dems blame the Right for the problem and say that it is all because of the tax cuts under Bush, you know , the same ones that Obama has continued, not once but twice in his two years in office.
The situation worsened after the phony Debt Limit Bill was passed because everyone in the world other than the Leftist of this administration saw it for what it was (is). It does nothing to reduce debt or deficit as the S&P committee has pointed out.

US unemployment is now 9.1 per cent, down from 9.2 in June. One might point out that part of the decrease could be due to the "Back to School" hiring that occurs seasonally. Previous years employment number will give credence to that speculation.  With numbers of long-term unemployed multiplying,(even a few on the Left are saying that the real number of unemployed is actually 18% and I call that number conservative) those on the left and a few writers of The New York Times(as well as a few Dem Congressmen) say that public works projects and direct employment programs are the fastest way of getting the long-term unemployed back into jobs. Many are calling for a new  STUMBULUS Deal to mirror the FAILED first STUMBULUS Deal

But is this really the answer? Or might tax relief in fact do better? Obama himself gave a half-hearted support for a "tax relief" plan for those who hire returning Veterans. Of course this was more campaign rhetoric than much of anything else if one gave note to the audience in attendance to this speech. I noted a lot of Veteran Organization Hats, a few military uniforms and some young people who may or may not have been veterans. On the other hand, there are many who argue that uncertainty for business around taxation and regulation with the Obama administration has forced investment to wait and see and this seems to be the widely accepted opinion of those on Wall Street, small business folks and investors world wide. In these times of failed government stimulus and crys for MORE,  there's still uncertainty that things have not bottomed, leaving investors waiting.

In December of 2010 I posted these comments from the Australian which are just as pertinent today as they were then and worth repeating. Bloomberg columnist and widely read analyst Amity Shlaes published The Forgotten Man: A New History of the Great Depression in 2007, risking derision for taking on America's economic sacred cow, Shlaes has argued the New Deal was a tragic mistake in social engineering. (Today I compare it to Obama and the Lefts social engineering)

She argued that presidents Herbert Hoover and Franklin D. Roosevelt should have allowed the market to recover rather than spend billions on government schemes.  I and others have also argued that both Bush with his original TARP and Obama with his continuation of the same  and the STUMBULUS fiasco should have done the same. In the following paragraphs one could very well exchange OBAMA for FDR and the message would be the same so keep that in mind as you read.

FDR's New Deal was the prime offender. Throughout the 1930s, the US stayed deep in economic depression. By 1937 it had developed a depression within a depression.

The New Deal is foreign territory to most Australians. Its experimentation, largesse of government spending, indifference to global partners or agreements and the, at times, autocratic stance by the president in decisions about finance is unimaginable in any successful Australian leader.

For Roosevelt, there seemed few limits. Such was the power and financial might of the US, allies such as France and Britain bent before him
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But prices continued to stagnate. Shlaes writes that what FDR was doing was like "pouring glasses of water into the ocean in the hope of raising the sea level". Buyers also determine prices. Even as the US government was offering low interest loans to farmers at the rate of $US1m a day, it was also paying farmers not to farm.(One could compare this to Obama's failed plan for housing rather than farmers) As gold hit a new high, Roosevelt put the US back on the gold standard.(So  far Obama has not considered this even though gold is at an all time high. The Leftist believe for the most part that gold is evil since it limits their spending habits to what is on hand and can not be printed as can paper money.)
The depression remained, with unemployment at 23 per cent.

Roosevelt began massive projects under the Tennessee Valley Authority, constructing dams for hydro-electricity. Power to the people, literally, in a nation where private companies owned the utilities. Farmers and locals were resettled at great cost and much protest, and private utilities companies pursued until they could be bought up by the federal government. (Of course Obama's "Shovel Ready Jobs" , which was to be the great answer to FDR's plan was a failure so rather than a TVA we now have a government controlled Auto industry, seized by Obama and subsidized by the taxpayer, We might also add the Banking industry to that seizure as well)

The New Deal in the US during the 30s was America's flirtation with a command economy. It failed, and was saved only by the industrial expansion of war in the early 40s.(So far Obama's failed STUMBULUS plan has had no such savior)
What became known as Keynesian economics is seen as the theory behind the New Deal. However, as the US unemployment figures remained stuck in the teens by 1937, Keynes wrote to Roosevelt saying he should abandon his war against private utilities companies: "It is a mistake to think businessmen are more immoral than politicians." (Obama and the LEFT could also take a lesson from Mr. Keynes since they believe that business leaders, business and anything not controld by the government is evil)

The New Deal forced income taxes on high earners to 79 per cent, introduced death duties and lowered tax-rate thresholds. It even delivered an undistributed profit tax as capital retreated in the face of unfair competition from government monopolies and over-regulated markets. ( Does this not sound just exactly what the Left and Obama wish to do and are doing via regulations not passed by Congress but by proxy via such agencies as the EPA?)

By 1937, taxing the "middleman" had become an FDR sport while new laws to tighten rules around monetary policy forced banks to keep more cash and cut back on loans. Business became expensive. Wages were forced up - in the first six months of 1936 by 11 per cent. August 1937 witnessed the greatest drop in industrial production ever recorded. (How similar to what is happening under the OBAMA NO PLAN other than tax the rich and regulate everything. Wages are now higher than they have been in history contratry to what the LEFT wouold have you believe. The AVERAGE HOURLY wage now stands at over $23.00 an hour and industrial output  is at it's slowest in years.  I heard recently Obama blame the decline and failure of industry to grow on the earthquakes in Japan but of course he never has admitted that 9-11 had any effect on the economy under Bush. It still remains all Bush's fault.

In the meantime Obama continues to have no plan, the Left in Congress has no plan other than blame the "tea party" and call for more spending and more taxes.  Perhaps each of those in Congress ,the White House and the Leftist who continue to drink the koolaide shold read this article as well as the conclusion which follows.)

In stark contrast, Australia and Britain took a very different path. The British government continued debt reduction. Keynes's biographer Robert Skidelsky, in Interests and Obsessions, writes: "What is striking in retrospect is the shallowness of the British depression and the need for recovery from it in the absence of any deliberate fiscal stimulus. British unemployment, 2.9 million at its peak in 1932, was half Germany's and a sixth of America's at the same date."


In Australia, more damaged by heavy debt by the mid-20s, the story was also far better than in the US. By the time the Scullin government fell in 1931, opposition leader Joe Lyons had mounted a rallying cry that only he and the United Australia Party could be trusted to deliver "sound money". In government from 1932, Lyons fought the depression with modest relief works and government economies to bring budgets back into the black.
From 1934, figures showed that Australia had turned the depression around.

Unemployment had gone from 29 per cent in 1931 to 16 per cent by 1935.
Australians' belief in labour market flexibility and sound money should never be ignored and their distrust of utopias and social engineering has a lot going for it.

May I be so bold as to call your attention to the last sentence and even repeat it for those who perhaps fail to read well or do not tend to "go back" to read anything of importance. I will take license and change a few words in the closing sentence:
'AMERICANS belief in labor market flexibility and sound money should never be ignored and their distrust of utopias and social engineering has a lot going for it.