The Chinese Communists to embrace Free Market Capitalism more than President Obama

Posted by PITHOCRATES - December 21st, 2013

Week in Review

During the Eighties Democrats said the Japanese economy was the smart way to go.  Government partnering with business.  With government helping to make that messy capitalism more ordered and manageable.  Improving economic efficiency.  And economic output.  But all that government intervention and cronyism brought on a deflationary spiral.  Japan’s Lost Decade.  Which they’re still trying to recover from.

Over the last decade Democrats said the Chinese economy was the smart way to go.  Government partnering with business.  With government helping to make that messy capitalism more ordered and manageable.  Improving economic efficiency.  And economic output.  But it doesn’t appear the Chinese agree with them (see China factories stuck in cruise control by Charles Riley posted 12/15/2013 on CNNMoney).

After a long period of steady progress and faster growth, China’s factories have lost some momentum in the final months of the year…

…analysts said that sluggishness in the manufacturing sector suggests economic growth has started to weaken, a trend that will continue into next year…

China’s party leaders have spent much of the year plotting a course for economic reform that aims to deliver results by 2020.

Beijing’s plan calls for opening its financial markets and promoting greater foreign investment. The leadership also hinted at changes in how companies file for stock market listings, the introduction of a bank deposit insurance scheme and an acceleration of interest rate liberalization.

The roadmap seeks to roll back government control of state-owned enterprises and allow for greater competition with private firms.

The Chinese export economy created economic activity.  But the key to that was their low labor costs.  With the power of the state keeping labor costs low.  Which helped to make their exports inexpensive.  But it did not help grow a middle class.  Which meant all of China’s economic growth relied on those exports.  And when nations were suffering anemic economic growth those export sales fell.  And without a prosperous middle class there was nothing to replace those sales.  Causing the Chinese economy to lose momentum.

And what is China doing to regain that momentum?  Reduce the role of government in the economy.  Unlike President Obama.  Which could forever change the balance of power in the world.  For if the Chinese privatize their economy while the Americans strangle theirs with more government involvement the Chinese economy will grow greater and overtake the American economy.  Allowing the Chinese communist do something the Soviets could never do.  Beat America economically.  Because the Chinese communists embraced free market capitalism more than President Obama.

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Neither Keynesian nor Google can figure out what other People are Thinking

Posted by PITHOCRATES - November 9th, 2013

Week in Review

Governments love Keynesian economics.  As it’s a backdoor to a managed economy.  The Soviet Union failed so we can’t have any more managed economies.  But if we call things ‘stimulus’ and ‘investments’ we can pretend we don’t have a managed economy when we actually do.  Which is why governments love Keynesian economics.  It lets them, the brilliant people, use their superior intellect to make the economy better.  Because they can figure out what we’re thinking.  Even though Google can’t (see Google admits the human brain beats an algorithm by Eric Rosenbaum, CNBC, posted 11/9/2013 on Yahoo! Finance).

This past week, there was an old-school battle of wits that captured the world’s attention: a chess championship…

It was a good reminder that even with the overwhelming nature of the information economy and long past Garry Kasparov’s waving of the white flag against IBM’s chess-playing grandmaster machines, human ingenuity still has a role to play-and, in fact, even Google admitted as much this past week. There are just some tasks at which Google’s algorithms remain at a competitive disadvantage to actual human beings, one being personalized answers to questions that require expert assistance. And so Google announced its “helpouts” product, which the New York Times said was “an acknowledgement by the company that its search engine misses a lot of information that people want.”

People don’t say “I’ll use an Internet search engine to find that information.”  No.  They say “I’ll Google it.”  Sometimes even when they’re using Yahoo or Bing.  It’s like Kleenex came to mean tissue.  And how Xerox came to mean photocopy.  We tend to call things by the industry dominator of those things.  And Google dominates the business of trying to figure out what other people are thinking.  So they’re the best at trying to figure out what other people are thinking.  But even they admit they can’t figure out what other people are thinking.

This is why Keynesian economics fail.  No one can figure out what other people are thinking.  Let alone hundreds of millions of people.  Which is why America became the world’s number one economy when the government was NOT trying to figure out what people were thinking to manage the economy.  That changed during the latter half of the 20th century.  And now the American economy is not what it once was.  Because Keynesians are no better than Soviet planners.  And the more they try the more they risk suffering the same fate of the Soviet Union.  For the Soviet Union wasn’t defeated by a superior military.  They were defeated by a superior economic system.

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The Europeans are moving away from Green Energy as President Obama moves toward Green Energy

Posted by PITHOCRATES - June 30th, 2013

Week in Review

Europe had gone all in on the green energy bandwagon.  To save the world from catastrophic climate change brought about by manmade global warming.  But they paid a price.  They have increased the cost of electric power.  Which increased the cost of manufacturing.  Making them less competitive on the world markets.  Resulting in anemic economic growth.  And a sovereign debt crisis as tax revenues fell.

Their journey into green energy has been an unmitigated disaster.  They are now reversing course.  And climate change be damned.  If there ever was a problem to begin with.  For let’s face, what good did all of Europe’s green energy efforts do anyway?  The climate doomsayers are still warning us that we must act now before it’s too late.  So apparently whatever the Europeans did had no impact on the climate.  Only their economies (see Europe exits climate money pit as Obama jumps in by RON ARNOLD posted 6/27/2013 on the Washington Examiner).

Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, told me, “The centerpiece of President Obama’s climate plan is a declaration of all-out war on coal. The only affordable way to reduce emissions from existing coal-fired power plants – which now provide 40 percent of the nation’s electricity – is to close them down…”

Ebell added that “Obama is pursuing his anti-energy agenda undemocratically through executive actions that bypass the people’s elected representatives in Congress.”

Autocrat Obama is also doing it without learning from the European Union’s green energy experience: skyrocketing energy prices, a ruinous slide into fuel poverty, solar panel financial meltdown, wind power bankruptcies and the specter of EU disintegration. As a result, the EU suffered an outbreak of realism.

In May, Europe’s heads of state and government at the EU Summit promoted shale gas and reduced energy prices. They would rather promote competition than stop global warming.

Obama just returned from Northern Ireland at the G8 meeting where he evidently didn’t ask why the United Kingdom removed climate change from the agenda.

European carbon markets had collapsed with the price of carbon hitting record lows, wrecking the European Union’s trading scheme for industrial CO2 emissions.

British Gas owner Centrica was buying up shale gas drilling rights in Lancashire for fracking operations. Green investors faced bankruptcy as Spain cut subsidies even further.

Large German companies such as Siemens and Bosch abandoned the solar industry, which had lost them billions, while investments in failed solar companies, including Q-Cells and SolarWorld, destroyed 21 billion euros of capital.

In response, German Chancellor Angela Merkel told a June energy conference in Berlin to expect reduced government spending on energy like wind and solar power to keep Germany economically competitive. Europe’s clean energy economy had become a black hole eating euros.

The United Kingdom is struggling to maintain their National Health Service (NHS) under the pressures of an aging population.  Fewer people are entering the workforce to pay taxes to fund the NHS.  While more people are leaving the workforce and consuming more and more NHS resources as they live longer into retirement than ever before.  A clarion call for anyone considering moving in the direction of a national health care system that also has an aging population.  Yet that is exactly what president Obama did during his first two years in office while the nation was suffering in the worst recession since the Great Depression.  Instead of cutting taxes to put people back to work he put into place massive tax hikes coming our way to fund Obamacare.  Learning nothing from the British.

Now he has an entire continent showing how wrong it is to pursue green energy.  And what does he do?  Ignores the Europeans completely and plunges headlong into the same foolish mistake they made.  Instead of cutting taxes to help put Americans back to work in the worst recovery since that following the Great Depression he plans on raising taxes on energy producers.  To fund green energy.  While increasing regulatory costs on good, dependable coal-fired power plants.  Which will increase the cost of electric power.  As well as the cost of doing business.  Not to mention the higher electric bills coming our way because of his desire to follow the Europeans down the dead-end road of Green Energy.

It’s as if the president is doing everything within his power to destroy the American economy.  Or he is completely clueless on how economies work.  He went to Occidental College, Columbia University and Harvard Law School.  So either these institutions are clueless on how economies work.  Or President Obama is purposely trying to destroy the American economy.  For someone or some institution is responsible for the president’s horrible economic policies.  They didn’t just happen.  There must be a method to this madness.  At least a reason for it.  Some reason for turning us into a failed European social democracy.

Of course, many believe that is the reason.  To turn us into a European social democracy.  To transform the country from the free market capitalism of the Founding Fathers into something closer to the state socialism favored by such anti-capitalists like Karl Marx.  Those on the left ridicule any such claims.  But Obamacare and this new Green Energy policy sure have more in common with socialism than capitalism.  As does the present anemic economy.

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Illegal Immigrants leaving the U.S. in Search of a Better Employment Opportunities

Posted by PITHOCRATES - April 28th, 2012

Week in Review

According to the Obama administration the economy has been improving ever since they took office.  There were all those shovel-ready jobs in the Obama Stimulus bill.  There was the Recovery Summer in 2010.  And all those falling unemployment numbers.  With the Obama administration touting the U-3 unemployment rate while the U-6 rate (that counts everyone who can’t find a full-time job including those who’ve quit looking and those who can only find part-time jobs) is still in Great Depression territory.  And even these U-3 numbers are quietly revised upward later. 

But there is an even better barometer on the jobs picture.  Illegal immigration.  Those people who enter the country illegally for a better job than they can find in the country they’re leaving.  If the numbers on illegal immigration reverses then you know the economy is really in the toilet.  And guess what?  They’re reversing (see For first time since Depression, more Mexicans leave U.S. than enter by Tara Bahrampour posted 4/23/2012 on The Washington Post).

A four-decade tidal wave of Mexican immigration to the United States has receded, causing a historic shift in migration patterns as more Mexicans appear to be leaving the United States for Mexico than the other way around, according to a report from the Pew Hispanic Center…

The reversal appears to be a result of tightened border controls, a weak U.S. job and housing construction market, a rise in deportations and a decline in Mexican birthrates, said the study, which used U.S. and Mexican census figures and Mexican government surveys. Arrests of illegal immigrants trying to enter the United States have also dropped precipitously in recent years.

Not every illegal immigrant is coming into America for nefarious reasons.  Most of them are coming in for the jobs so they can better take care of their families.  These are hardworking people.  Many of them Catholic.  For Mexico is Catholic.  So they have some pretty strong religious values.  They take care of their families.  And are good neighbors.  Even help their communities.  Even though they are here illegally it’s hard not to like these good neighbors.  And these are the people who are returning to Mexico.  For the jobs.  So they can better take care of their families.

This is both good news and bad.  The good news is that the Mexican economy is doing well.  Creating better opportunity.  And a stronger middle class.  Which will pick more people up out of poverty.  Without having to leave the country they call home.  Or leave their families.  Great news indeed for our friends south of the border.  The bad news is what this says about the American economy.  That after almost 4 years of the Obama administration and record government spending the economy only has grown worse.  With nothing to show for that exploding federal deficit.

It’s rather ironic.  For the prevailing wisdom on the Right says the Obama administration wants to make it easier for these illegal immigrants to vote.  For the conventional wisdom is that they are coming here for the free government handouts.  So they would vote for the party promising the most free handouts.  The Democrats.  But these immigration numbers blow this conventional wisdom to pieces.  For it would appear they are here for the jobs.  Not the free handouts.  So if we asked these immigrants if things are better for them in America than they were 4 years ago their answer would probably be ‘no’.  And probably vote Republican.  If they could vote.  Like I said, ironic.

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Economic Recovery Requires less Keynesian Spending and more Cutting the Cost of Employment

Posted by PITHOCRATES - September 26th, 2011

The Structural Defect in Keynesian Economics is that Sustained Inflation Creates Asset Bubbles that Must Burst

More bad news for the housing market.  And the American economy (see New-home sales fell in August for 4th month by Derek Kravitz posted 9/26/2011 on the Associated Press).

Sales of new homes fell to a six-month low in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery…

New-homes sales are on pace for the worst year since the government began keeping records a half century ago…

Last year was also the fifth straight year that sales have fallen. It followed five straight years of record highs, when housing was booming.

The housing market is bad.  There’s no denying that.  And this affects everyone.  Not just homeowners.  Because where the housing market goes the economy follows.

While new homes represent less than one-fifth of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.

Jobs and taxes.  Both of which the government is having trouble generating these days.  That’s why they are desperately trying to stimulate the housing market with all that easy monetary policy.  Getting interest rates to their lowest in years.  If not of all time.  Because new houses equals jobs.  And tax revenue.  Especially when housing values increase over time.

Home prices have dropped more since the recession started, on a percentage basis, than during the Great Depression of the 1930s. It took 19 years for prices to fully recover after the Depression.

But not so much when they don’t.

Worse than the Great Depression.  Now there’s something you don’t hear every day.

One of the missions of the Federal Reserve was to prevent another Great Depression.  In particular, preventing a devastating deflationary spiral.  Such as we’re seeing in home prices now.  Looks like they’ve failed.  Or rather, Keynesian Economics has failed.

The problem is the dependence on Keynesian Economics.  Which uses monetary policy to maintain economic growth.  By having permanent but ‘sustainable’ inflation.  But the structural defect in this model is that sustained inflation creates asset bubbles.  As people bid up the prices of these assets.  Like houses prior to the subprime mortgage crisis.  And when these bubbles burst these asset prices have to fall back to market levels.  Like house prices are doing right now.  And apparently will do for another 19 years.  Give or take.

It is the High Cost of Labor that is Hurting the Advanced Economies

Manufacturing has been better than the housing market.  But it’s not looking too promising right now (see U.S. manufacturing slowdown: 4 cities at most risk posted 9/26/2011 on CNN Money).

U.S. manufacturing has been one of the rare bright spots in an otherwise annoyingly slow economic recovery…

But expectations of slower growth could threaten the rebound and cities that have gained from it. The ongoing European debt crisis and efforts to curb worries over inflation in China have analysts predicting lower demand for everything from American-made electronics to machinery.

U.S. manufacturing grew 6% during the economic recovery after declining 13% following the financial crisis in 2007. IHS Global Insight economist Tom Runiewicz says the industry has grown 4.5% so far this year. While that’s still robust growth, he expects manufacturing growth to slow to 2.9% next year.

The American consumer may not have been buying but consumers in other countries were.  A good example of American exports is the delivery of the first Boeing 787 to ANA.  And Boeing’s 747-8, too.   Though the largest U.S. exporter, Boeing won’t be able to fix the economy alone.  Especially when they’re competing against Airbus.

It is the high cost of labor that is hurting the advanced economies.  The Europeans subsidize some of their industries to make up for this economic disadvantage.  Boeing charges Airbus with getting subsidies that lets them compete unfairly.  And Airbus, of course, accuses Boeing of the same.   To help gain a competitive edge over Airbus, Boeing wanted to expand production in South Carolina.  A right to work state.  Which the Obama administration has opposed.  In support of their union donors.

The lesson of the Boeing-Airbus rivalry is this.  They’d be able to sell more planes if they could cut their labor costs.

Listening to the Private Sector turned around the German Economy and is why they can Bail Out the Euro

Germany’s high cost of labor was crippling her economy.  BMW and Mercedes-Benz built plants in America to escape their high cost of labor.  But things are different in Germany these days.  In fact, the country is so rich that the hopes of saving the Euro common currency falls on the German economy.  The only European economy rich enough to save the Euro.  So how did they make this turnaround?  Through reforms (see Getting People Back to Work by Matt Mitchell posted 9/26/2011 on Mercatus Center at George Mason University).

Germany’s unemployment rate is only 6.2 percent today. This is pretty remarkable given the severity of the recent recession, the slow growth of Germany’s trade partners (including the U.S.) and the unfolding fiscal crisis in the Eurozone.

NPR’s Caitlin Kenney attributes Germany’s relative success to a number of reforms adopted a decade ago. Kenney reports:

To figure out how Germany got where it is today, you need to go back 10 years. In 2002, Germany looked a lot like the United States does now, they had no economic growth and their unemployment rate was 8.7 percent and climbing. The country needed help, so the top man in Germany at the time, Gerhard Schroder, the German chancellor, made in an emergency call to a trusted friend.

So who did he turn to?  A government bureaucrat?  Or someone from the private sector?

The friend was Peter Hartz, a former HR director whom Schroder knew from his VW days. Schroder put Hartz in charge of a commission, the mission of which was to find a way to make Germany’s labor market more flexible. The Hartz commission made it easier to hire someone for a low-paying, temporary job, a so-called “mini job”:

A mini-job isn’t that great of a deal for workers. In these jobs, they can work as many hours as the employer wants them to, but the maximum they can earn is 400 Euros per month. On the plus side, they get to keep it all. They don’t pay any taxes on the money. And they do still get some government assistance.

He went to the private sector.  To get advice of how to create jobs in the private sector.  And he listened to what they said.  The cost of labor and regulatory costs were crippling job creation.

Generous unemployment insurance and regulations that add to the cost of employment tend to make for a static, unhealthy labor market. Though designed to make life better for workers, these policies may do them more harm than good.

Listening to the private sector turned around the German economy.  Made it the dynamo it is today.  And it is why that the German economy is the only economy that can bail out the Euro.

Economic Recovery Requires New Jobs

The economy still looks like it’s going to get worse before it gets better.  Whereas the Germans are doing so well that they may single-handedly bailout the Eurozone from their sovereign debt crisis.  And a lot of Americans are saying that should be us.  Not the bailing out the Eurozone part.  But having the ability to do that.

And that could have been us.  And should have been.  Like it used to be.  When America led the world in creating jobs.  So what happened?  The same thing that had happened in Germany.  The cost of employment grew.  And as it grew new job creation declined.

Economic recovery requires new jobs.  The Germans understood that.  And they did something about it.  So should we.  And the sooner we do the sooner we will see that economic recovery.

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Burning Down the American Economy to Rebuild it in a Silly Green Utopia

Posted by PITHOCRATES - September 16th, 2011

Increasing Spending that Balloons the Deficit is not Irresponsible but Cutting Taxes Is

Math is a relative thing.  In the Democrat world (see Boehner Says No Again by Patricia Murphy posted 9/15/2011 on The Daily Beast).

“Tax increases I think are off the table and I don’t think they are a viable option for the joint committee,” Boehner said. “It’s a very simple equation. Tax increases destroy jobs…”

Michigan Sen. Carl Levin, a high-profile Democratic proponent of tax reform, added on the Senate floor, “Real deficit reduction means revenues plus spending cuts. Those resisting additional revenues need to do the math.”

Funny.  These are the same people who passed Obamacare into law.  If you remember, that vote was along party lines.  The Democrats gave us Obamacare.  Not the Republicans.

The Republicans voted ‘no’.  Because they did the math on Obamacare.  The Democrats voted ‘yes’.  Because they said [deleted expletive] the math.

You see, increasing spending that balloons the deficit is not irresponsible.  But cutting taxes is.  Because they say we must consider the deficit first before even entertaining the thought of cutting taxes.  But when it comes to more spending these same people say [deleted expletive] the deficit.  A deficit I might add the Democrats took to record highs.  With their spending.  Such as the $800 billion stimulus plan.  Which the Democrats wrote.

Obama’s Leadership and Deft Economic Skills ended the Bush Recession with Investments like Solyndra

So how did all that stimulus spending work out?  Did it pull us out of recession?  Did it fix the economy?  By one measure, it may have.  But that same measure is foretelling a double-dip recession (see Up means down posted 9/17/2011 on The Economist).

The Economist’s informal R-word index tracks the number of newspaper articles that use the word “recession” in a quarter. The index has the advantage of being timely: data for the articles are available immediately, whereas first estimates of GDP are typically released four weeks after the end of the quarter. If not foolproof, it boasts a decent record: previous incarnations of the index pinpointed the start of American recessions in 1990 and 2007.

The latest iteration counts articles published in the Financial Times and the Wall Street Journal. It shows the index declining steadily from a peak in early 2009, with just a brief pause during the summer of 2010. September, however, has brought a change in the weather. Measured at a quarterly rate, the index has visibly turned up since the start of this month. The chances that a slowdown will become a recession still hang in the balance. But the hacks are getting anxious.

And you know what this means?  The president can’t blame this recession on George W. Bush.  Because they celebrated their Recovery Summer back in 2010.  That’s right, the Bush recession ended in 2010.  Thanks to Obama‘s leadership and deft economic skills.  Like investing a half billion dollars in the now bankrupt Solyndra.  If there’s a double-dip recession it can mean only one thing.  The second dip is the Obama recession.  Because it happened after he cured the economy of the Bush recession.

Government subsidizes Solar Panels because America can’t build them Competitively

Apparently, Solyndra wasn’t the only green company the Obama administration backed (see Solyndra Not Sole Firm to Hit Rock Bottom Despite Stimulus Funding posted 9/15/2011 on FOXNEWS).

At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.

Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar industry, filed for bankruptcy protection last month, saying it couldn’t compete with Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China.

…In June 2009, SpectraWatt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. SpectraWatt was one of 13 companies to receive the money to help develop ways to improve solar cells without changing current manufacturing processes.

The company filed for bankruptcy last month, saying it could not compete with its Chinese competitors, which receive “considerable government and financial support…”

Another winner of stimulus who ultimately lost is Mountain Plaza Inc. Despite declaring bankruptcy in 2003, the company received $424,000 from the Tennessee Department of Transportation as part of a grant aimed at installing “truck stop electrification” systems that allow idling truckers to plug-in during extended stops and turn off their exhaust-belching, environment polluting diesel engines.

Mountain Plaza had filed for bankruptcy protection again in June 2010. TDOT, which received a $2 million stimulus grant from the Environmental Protection Agency for the project, said it didn’t learn about the bankruptcy until October, but it is closely monitoring the project.

Elsewhere, Olsen’s Crop Service and Olsen’s Mills Acquisition Co. also failed despite Olsen’s Mills receiving $10 million to increase employment, add equipment and machinery, refinance existing debts and work capital for operations and acquire land. The payout — part of a $64 million package to nine rural businesses in Wisconsin for economic development loan assistance — was delivered in January 2010, after Olsen’s Mills filed for bankruptcy protection for defaulting on a $60 million bank loan.

Detecting a common theme?  America can’t build solar panels competitively.  These companies cannot exist without huge government subsidies.  As it is in China.  Even with their dirt-cheap labor.

“Winning will require substantial investments. Last year, for example, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, about 20 times more than U.S.-backed loans to solar manufacturers,” Poneman wrote.

So why are we even trying?

This is the industry of the future?  More like the white elephant of today.  If it can’t compete in the market place without massive government subsidies then there is no market for it.  It’s just chasing dreams of a silly green utopia.

It may be the industry of the future.  But it’s the far distant future.  And best left for future generations.  When there are no cheaper and more reliable alternatives available to make electricity.  After we’ve “taken all the coal from the ground.”

Our Government: Implementing Policies that will do They don’t Know What and Hoping for the Best

Instead of trying to invent a new future we should focus on what works today.  Before the economy is completely destroyed by this incessant government meddling (see Home Depot’s Bernie Marcus Calls Dodd-Frank Regulations The “Bonnie & Clyde Bill” by Greg Hengler  posted 9/15/2011 on Townhall).

The Dodd-Frank Act goes on for 2,319 pages. Like Nancy Pelosi’s “pass it to find out what’s in the O’care Bill” statement, Senator Dodd said, “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”

Perhaps this is why their economic policies fail.  Because they haven’t a clue about what they’re doing.  Implementing policies that will do they don’t know what.  And hoping for the best.  But the sad thing is this.  The Dodd-Frank Act is the simple one.  The complicated act is Obamacare.  So you know we’ll all be in for a load of surprises when they indoctrinate us into that government run program.  I don’t know why, but for some reason I think about this classic commercial when I think of that future world of Obamacare.

In this metaphor, the dull grey submissive world is the world of Obamacare.  The screen they’re watching that is brainwashing them to like their miserable existence is the Obama administration.  The free and heroic figure is the conservative Republican candidate for president.   And the hammer is the first act of the new conservative Republican president repealing Obamacare.

Donate $5 and you just might win the Grand Prize of Dinner with the President

But Obama is working feverishly on what’s most important.  Using the power of his office to maximum effect (see Obama Campaign: That Creepy Email From Us Wasn’t A Trick by Zeke Miller posted 9/16/2011 on Business Insider).

Donate $5 today and you’ll be automatically entered for the chance to have dinner with the President and three other supporters.

That’s right.  He’s running a lottery where the grand prize is a dinner with him.  To raise money for his reelection campaign.  So he can continue to work magic with the American economy in a second term.  God help us.

And while the American Economy burns Nero Fiddles

Is it any wonder why we’re in the mess we’re in?  Democrats spend to record deficits.  And then they lecture Republicans about the irresponsibility of tax cuts.  If that ain’t the pot calling the kettle black.  And then the Democrats pour money into an industry that the Chinese are pouring even more money into.  On top of China’s dirt-cheap labor.  I mean who looks at this and thinks this is the one?  This is where we beat the Chinese?  The same people who are giving us Obamacare.  That’s who.  Scary, isn’t it?  And these are the geniuses writing our future.

In the mean time we’re beating up coal.  And every other industry where America stood strong.  With job-killing legislation that even the legislators don’t understand.  If the damage wasn’t so bad it would be comical.

And while the American economy burns Nero fiddles.  And raffles himself off for dinner.  Because in these trying times one has to prioritize.  And nothing is more important to this president than his reelection.  Once he takes care of that then he can focus his attention on the secondary things.  Like governing.

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