Sunday, August 01, 2010

Our Illegitimate Government

"Do not separate text from its historical background. If you do, you will have perverted and subverted the Constitution, which can only end in a distorted, bastardized form of illegitimate government." - James Madison

The writings of our forefathers were certainly prescient. With the quote above in tow, one only needs to look at the commerce clause of the Constitution to see what happens when the historical background is not taken into account.

The sixteen words that make up the commerce clause have been used to shift the balance of power from the people and the states to the imperial federal government. The most recent examples of this are the recently enacted health care and financial reforms recently enacted by congress and the president. These legislative acts would not have succeeded in the early days of our republic when the words of our founders resonated in ears of its citizens.

Why do they suceed today? You don't have to look any farther than the elementary and high schools of today. Our children are no longer educated in the founding principles of this country, the words of our founders, or a thorough reading of our founding documents. Instead, our children are taught about the New Deal era of government portraying the federal government as the righteous great provider. The problem is that the government can't provide for one without taking from someone else.

Our rights, liberties and wealth are what have been taken. This government continues to enrich and empower itself and its benefactors with more of our money. There is no recession in Washington, D.C. In fact, there is no economic suffering if you're employed by the imperial government. They continue to see their salaries, benefits and pensions grow all on the backs of fewer and fewer taxpayers. This government spends well beyond its citizens' ability to repay this debt.

The only logical design of such a policy is to ensure the redistribution of wealth through taxation from the upper and middle classes to the imperial government and its beneficiaries. The imperial government creates the circumstances of the crisis, and acts as the benefactor to the citizens impacted by the crisis thereby cementing into these beneficiaries' minds the righteousness of the imperial government. In fact, it is the taxpayer that provides this charity, but, rather than receiving credit, the taxpayer is demeaned by the imperial government as having attained his wealth through nefarious means.

It is the imperial government that is using nefarious means to divide and conquer the people of this republic. The use of the commerce clause in this pursuit certainly wouldn't stand when viewed in its historical context.

This federal government is illegitimate.

Monday, July 26, 2010

The People are Pushing Back

It was great reading the stories last week of the people pushing back. From those in Arizona ignoring the camera tickets to the people of Bell City firing their overpaid city employees, it's great seeing the people pushing back against those in government. The stains of the bureaucrat and politician's hands are all over the causes of the current economic malaise. These stains will continue plaguing us for generations to come given the promises made, votes purchased all in the name of keeing them in power.

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Sunday, July 18, 2010

Financial Reform

This week co.gress paases its much ballyhoed financial refom legislation. The real question is: what does it reform?

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Obama Blaming Republicans for Economy

In his weekly address yesterday, the president blamed Republicans for filibustering the economy.

Mr. President, you had control of both houses of congress and you couldn't get all of your agenda passed. Does that indicate a problem with Republicans or a problem with the agenda?

Given you can't get your lapdogs on board, I'd say the agenda.

Sunday, February 21, 2010

The President's Blue Ribbon Commission

The media is praising President Obama for the establishment of the commission to review government spending. Come on. Do we need to do this again? Haven’t we had other “Blue Ribbon” commissions that did the same, and where are we today? Can’t the members of congress do their constitutionally mandated jobs? Or, are they abdicating their responsibilities to this group because they are afraid of making the tough choices? If they need an example, New Jersey’s Gov. Christie has showed the way a real executive makes tough decisions just as we have to do in business everyday.

I would have been impressed had he appointed real CPAs and other financial people without any inside the beltway ties who know the accounting shenanigans used to hide the true cost of government programs and policies. Expecting the Washington establishment to solve problems leads to….well, bigger government, more spending and does not solve the problem.

Let me save the country and the mainstream media the time and money this sham is going to cost by stating the conclusions the "commission" will arrive at:

1. Raise taxes and rates.
2. Implement a national sales tax in addition to the income tax.
3. Cut spending, but only on defense and other non-social items.
4. Raise the retirement age for Social Security and uncap the earnings limit for taxes.
5. Raise the age for participation in Medicare.
6. Means test all non-government employee post-retirement plan so that those who contributed the most will not get any benefits.

None of the above will actually solve the problem. Government NEVER solves a financial problem or any other problem for that matter.

It usually takes an uprising by the people to remove the political class in order to really effect change. Remember, our founders wanted to escape from an oppressive government where they were taxed without being represented. They were not trying to escape an oppressive populous. Remember too, every government solution requires limits on our freedoms and only creates another problem that has to be solved later at a substantially greater financial cost.

Tuesday, May 12, 2009

God, I hate it when Rush is Right!

It always drives me crazy when Rush Limbaugh is right. So far, he has nailed the Obama administration and has correctly predicted actions and reactions.

Sunday, April 26, 2009

GE's CEO says Crisis is Reseting Capitalism

Speaking at the GE annual meeting, CEO Jeff Immelt said the downturn has fundamentally reset the way companies do business and capitalism itself. What? Would one of these supposed icons of capitalism grow a pair and stand up to the demogogues?

Is our current economic crisis the result of capitalism?

Capitalism is an economic system in which wealth, and the means of producing wealth, are privately owned. What does the type of economic system operate under have to do with over-consumption? It doesn't unless those in favor of solving the current economic problems are really wanting to limit our freedoms of choice.

The current situation is very similar to the other recessions. We, as consumers, have over-consumed. We have financed, re-financed our homes in order to keep up with the Jones'. Did your neighbor hold a gun to your head and make you buy that boat, flat screen, send your kids to be best private schools, etc? No. It all comes down to self-control, personal integrity, personal responsibility and delaying gratification of wants.

What is different about this recession is the depth of the recession. In reality, says, the depth of this recession demonstrates that we artificially grew too big during the last expansion.

Saturday, April 11, 2009

Doesn't the Market Going Up Mean The Market Likes Obama's Plan?

So, the markets have bounced from their lows of a month ago. Many are saying the stimulus Obama is doing is starting to work. My thoughts?

Well, let's start from the beginning of the current crisis that started about a year ago. As you might recall, things were going sideways but not downward. September 2008 brought with it McCain's announcement of Palin as his Veep candidate. The left was stunned and they ran to their constituencies to say help. Then, the Soros' of the world starting wrecking havoc on the markets. The accomplices in the media played it up. The desire was to elevate Obama and downplay the McCain rally that was occuring in the "voting" marketplace. Palin was drawing the conservatives into the voting booths, and it really scared the Democrats.

What did the Democrats to then? They did what they always do, they attacked Palin and her family personally. Soros and his friends on Wall Street started the run. The markets began tanking and Bush, being the stand-up guy he has proven to be, thought he must do something. I bet he regrets that decision today.

Now, as I have found out, most of America believes that Wall Street is run by evil Republicans when in fact, it is a Democratic haven. There are very few conservatives on Wall Street and very few Republicans.

So, let's get this straight, the cities and state that have the most fiscal problems are Democrats. Fannie Mae and Freddie Mac are run by Democrats. Wall Street is run by Democrats. Paulson is a Democrat. Geez, is there a connnection?

Now, we're hearing that the economy will recover in September, but employment isn't expected to recover until 2010. How will the economy recover without employment?

I don't believe it will. I think this rally is a false rally and the employment lows of this recession haven't been hit. Without consumers spending, there can be no recovery. Consumers won't spend until they become more confident about the economy which is why the media is playing it up. Play it up, and people will spend. So, the government and its media are providing the public with false information. It's too bad they cannot be help to account the say way the CEO of Enron did.