Tag: Philadelphia

Mellow Out, Lay Back, Remember The Good Times

Yep. Remember the good times because you won’t see anymore for a long time. Barack Obama has guaranteed that we will be less prosperous, less employed, less healthy, and less secure than at any time in the last century. Barack Obama is the Force of Ruin.

So here we are, standing at a crossroads in American history with more people getting money from the Federal Government than those who pay into the system.  We are crossing the Great Divide. We have a choice of becoming a nation of welfare sponges like the United Kingdom, or remaining the towering vision of freedom and wealth that our founding fathers envisioned.

Because of Barack Obama, our future is in doubt.

Obama can be called Hooverian, or Carteresque. Like Herbert Hoover, Barack Obama inherited a bad situation, mostly from his party’s policies. Whatever actions he has taken since have been wrong. He was dead wrong, and we are the ones strapped to the guillotine to pay for his sins.

Economically, his stimulus program produced almost no measurable jobs. A little investigation tells you why. Huge sums of money were used to clean up debt from various city balance sheets, union controlled transit companies, and just plain ignorant state and local government projects. Nobody will remember, but I said a long time ago that there was no such thing as “shovel ready jobs”. The shovels were for the mountains of money being thrown about to the politically favored.

As an example, the City of Philadelphia received one billion dollars in stimulus funds. Of that, most of the money was used to pay down the debt of local transit companies (SEPTA and City of Philadelphia Transit). Of course, this didn’t produce one job, but it did keep those inefficient companies from going bankrupt. Instead, we paid off over five hundred billion dollars in debt, and kept those over paid union workers on the job. How about that for a cool payoff?

The same story was repeated over and over across the nation. Corrupt city officials got a big payday. That is Democrat politics for you. It is called, “screw you, citizens”.

Then we have the Obama care debacle. Here we have a plan, and subsequent set of laws, that gives every citizen healthcare, whether they want it or not. Every rating agency comes up with the following analysis. The program will deliver healthcare to more people, who will pay significantly more for that care, get less care than before, and at a lower quality. This is just more of Obamanomics, “screw you , citizens”.

With all this economic disruption going on, you would think there was some planning involved.  Well, the first part of the Democrat plan is to NOT HAVE A BUDGET! If  there were a budget the Democrats would have to explain why they cannot stick to the plan.

How about Quantitative Easing by the Federal Reserve? Here is another Obama “watch the pea under the shell” game. All this means that Obama’s Administration will buy bad mortgages and other non-performing assets from the books of the big banks. Doing this should make more money available to loan. Sorry, I don’t think it will happen to much extent.

I hate to tell you this, but the real interest rates for banks are at zero, now. Banks do not have to pay for the money they borrow. There is lots of money to loan. The problem is that the economy sucks. It’s jobs, stupid!

Guess who will wind up paying off those mortgages?

Screw you, citizens.