America, You Asked For It!

Political News and Commentary from the Right

Nero fiddled while Rome burned…

…and President Barack Obama follows suit.

Recall that he flatly stated private industry couldn’t accept government cash and hold soirees in Vegas, but he never prohibited himself from taking such pleasures. Though he managed to quadruple the deficit in less than 100 days, leaving the taxpayer on the hook for $1.8 trillion more than the government will collect in taxes this year, the President’s most pressing pursuit yesterday was passing time at Caesar’s Palace in Vegas to prompt liberal idealogues to part with $2,000,000 to prop up Senate Majority Leader Harry Reid’s (D-NV) place in the Democratic party. This little party will cost the taxpayer a paltry $265,000.

Now all Presidents pass time protecting their parties by pandering for funds, but at the moment more pressing problems are plaguing the US.

You’ve likely read here that N. Korea tested a long range missile last month and here the same rogue nation tested a nuclear device and here the test was followed by more missile launches, all aggressive acts that defy Obama’s vain attempts to coddle the Communist state into compliance with international demands. Today, the inhospitable neighbor to our two most valuable allies in the region cranked the crisis up a notch (while Obama traverses the US to shore up the coffers of his political allies stateside) by making clear it is abandoning the 1953 armistice agreement that ended the Korean Conflict and threatened a return to a state of war.

South Korea reported an increase in patrols by North Korean fighter jets on the border between the two states and there were reports of naval exercises close to the sites of previous skirmishes with the South Korean Navy.

While I’m sure those responding to the solicitation of funds by Obama still swear by the President’s foreign policy, I hope the majority of Americans will finally awaken and realize how grossly naive such an approach really is.

The North Korean situation is by far the most pressing issue taking place while Obama parades himself around the country as primary panhandler for his party faithful, but other problems persist that could probably benefit from the President’s attention.

It was predicted here days ago, but the President who publicly professed that he doesn’t want to run the auto companies is about to be promoted to CEO of General Motors now that bondholders rejected the company’s offer of pennies on the dollar for the debt owed by the defunct former pillar of American industry. The bankruptcy deal penned by the Obama administration will propel the US government to the position of majority stakeholder in the company, owning approximately 70% of GM shares.

The President, who claims he’s not a Socialist, has plunged us headlong down the path to Socialism and can now proudly proclaim that we have arrived. In a short four months and one week, he has completely abandoned our free-market capitalism to pursue an economic model that seizes private assets and places them under control of government bureaucrats.

One might expect the President to cut short his pursuit to empty the pockets of party patrons, but he presses on.  Tonight, he’s in Beverly Hills rubbing elbows with more high-browed Democratic admirers who refuse to face the fact that his policies have placed our country on a perilous path.

Sleep tight America, your President is partying in Beverly Hills.

May 27, 2009 Posted by | Obama | , , , , , , | 1 Comment

US Motors just around the corner

President Obama claims he doesn’t want to be in the auto business, but very soon he’ll be the de facto CEO of General US Motors.  GM made the offer late last month, but now Reuters is reporting the government is preparing to accept.

The government’s plans include giving stakes in the new company to GM’s union and bondholders, although the ownership structure of the company is still being negotiated, said the source who is familiar with the company’s plans.

In other words, the Obama administration plans to purchase the bankrupt, defunct manufacturing Goliath before it really knows what it will do with it. The Reuters source wouldn’t specify a purchase price, which leads one to believe the American people will be infuriated if “the most transparent administration in history” discloses what it’s willing to pay to purchase the ruins of this former pillar of American industry.

You may recall President Bush approved a $13.4 billion emergency loan for GM last December. Sorry, but you loan money only when you expect it to be repaid. At the time, many of us recognized that GM had already fallen too far, that the American taxpayer was forfeiting funds we would never recover. Now, it’s apparent we were correct.

In addition, the government would extend a credit line to the new company and forgive the bulk of the $15.4 billion in emergency loans that the U.S. has already provided to GM, the source said.

Imagine that! 

Merriam-Webster’s Online Dictionary gives the following definition for Socialism.

Socialism–any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods

Anyone still denying where we’re headed with Obama’s economic policies?

May 20, 2009 Posted by | Bailout | , , , , , , | 2 Comments