Wednesday, February 3, 2010

Obama and the Economy

When it comes to the economy, Barack Hussein Obama is either clueless or is destroying it on purpose. I believe the latter because the Democrats/Statists want to create an ever increasing amount of people dependent on the government in order to garner votes to stay in POWER. Either way it is not in the best interests of this country.

He demonizes the banks and says he is going to impose a fee on them. President Obama, who do you think will ultimately be paying those fees? It will be the customers, the citizens of the United States, your constituents. What would happen if all the customers of those banks decide to pull all of their money out of them? Would that not be a "run on the bank?" Would that not cause another financial crisis? Wasn't that one of the reasons for the bank bailout?

Obama has also demonized corporations for having corporate jets and having lavish conventions. He vilified various corporations to the point that the gutless CEO’s canceled jet orders and canceled conventions even though they had to pay cancelation fees. Then he talks about JOBS, JOBS, JOBS.

When companies do not buy jets, the workers that make the jets are out of a JOB. When there are no conventions it destroys the hospitality industry. Restaurants, hotels, convention centers, limo services, cab drivers, vendors, advertisers, etc. all suffer and people lose their JOBS. If people are not working the government is not receiving tax revenue, which exacerbates the situation.

He stated, “These deficits won’t just burden our kids and grandkids decades from now, they can damage our markets now.” He goes on to state responsible families don’t do their budget like the federal government does. “You don’t go buying a boat when you can barely pay your mortgage. You don’t blow a bunch of cash on Vegas when you are trying to save for college.” Was Obama being an elitist with that reference? Does he have something against Las Vegas? Was he saying the common folk should not try to enjoy themselves?

Barack Obama has been travelling the world since becoming President, vacationing in Hawaii, playing numerous rounds of golf and pickup basketball, he imports Kobe beef from Japan and flies in numerous personal chefs to cook for him at the Whitehouse, etc. My questions are, is there something wrong with American beef and who is paying for these extra expenses? Just remember it is Obama and his policies that are creating these deficits and not JOBS.

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