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	<title>Flopping Aces &#187; Auto Industry</title>
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		<title>Eastwood Makes Obama&#8217;s Day</title>
		<link>http://floppingaces.net/2012/02/09/eastwood-makes-obamas-day/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=eastwood-makes-obamas-day</link>
		<comments>http://floppingaces.net/2012/02/09/eastwood-makes-obamas-day/#comments</comments>
		<pubDate>Thu, 09 Feb 2012 12:33:04 +0000</pubDate>
		<dc:creator>Skook</dc:creator>
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		<category><![CDATA[Eastwood Makes Obama's Day]]></category>
		<category><![CDATA[The Left's Insidious Messages]]></category>

		<guid isPermaLink="false">http://floppingaces.net/?p=77242</guid>
		<description><![CDATA[How symbolic, the red and blue spheres merge and the resultant color is a deeper shade of blue.  Propaganda is considered effective if it is subtle and delivers a covert or subliminal message without the subject being aware of the intent.  In this image, the profile of Obama was superimposed over the merging of Conservatism and Socialism with the profile of Obama and the result is a deeper shade of blue; picturesque and convenient, Obama brings the country together and we are united under a deeper shade of Marxism.  It was created by the same team that made the Chrysler commercial; it hasn't achieved fruition, but not for a lack of effort by Obama and his lackeys. 
 <a href="http://floppingaces.net/2012/02/09/eastwood-makes-obamas-day/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><div id="attachment_77246" class="wp-caption aligncenter" style="width: 490px"><a href="http://floppingaces.net/2012/02/09/eastwood-makes-obamas-day/venn2-480x400/" rel="attachment wp-att-77246"><img src="http://floppingaces.net/wp-content/uploads/2012/02/venn2-480x400.jpg" alt="" width="480" height="400" class="size-full wp-image-77246" /></a><p class="wp-caption-text">A Previous Subtle Effort By The Same Obama Propagandists </p></div>
<p>How symbolic, the red and blue spheres merge and the resultant color is a deeper shade of blue.  Propaganda is considered effective if it is subtle and delivers a covert or subliminal message without the subject being aware of the intent.  In this image, the profile of Obama was superimposed over the merging of Conservatism and Socialism with the profile of Obama and the result is a deeper shade of blue; picturesque and convenient, Obama brings the country together and we are united under a deeper shade of Marxism.  It was created by the same team that made the Chrysler commercial; it hasn&#8217;t achieved fruition, but not for a lack of effort by Obama and his lackeys. </p>
<p>Our public school systems have been infiltrated with the Leftist Part Line for decades.  At first the message was so vague, we thought it was merely coincidences, teachers and text writers surely couldn&#8217;t be so blatant and obvious with their political agenda; oh, but think back, while we refused to call liars and Socialists as such, they increased their efforts and relied on terrorists like Bill Ayers, confidant to our president, for the Leftist message now in our children&#8217;s text books.</p>
<p>Now, either Eastwood has allowed himself to be duped like a moron or he is a part of the deception; regardless of his intent, he has been used as a key element in the Leftist propaganda movement.  Unfortunately, we have all been played for dupes by the creative schemers of the Left for while Eastwood tells America we are at the halftime of the recovery, during the halftime of the largest event in television history, the insidious message is implied that America needs to give Obama four more years to complete his anemic recovery, that seems to elude everyone but billionaires, bankers, and others on the dole.</p>
<p>The fact that Chrysler is staging a fart, stumble, fall type recovery based mainly on enriching Obama cronies and unions with our taxpayer money is pushed from our consciousness; since, we receive the subliminal message to equate the auto maker&#8217;s efforts with our fight against terrorism, the struggle of Obama to win reelection, and the struggle of the two athletic teams.  In the excitement of the neo-gladitorial struggle portrayed on the boob tube, we are supposed to lose ourselves in the excitement and intellectual numbness of the game, much like the games in Rome that staged to entertain the masses or the mob in Rome to keep them content and less likely to riot.  Thus in a similar way, we are played for fools by the people who stage our games; no they aren&#8217;t staged to prevent us from rioting, but what an excellent time to exploit our self-imposed stupor to insinuate a covert message to reelect our failed president by one of his corporate acquisitions, with a percentage of Obama&#8217;s funny stash money, more commonly known as tax payer money.</p>
<p>Oh, but you say the message is vague and imprecise, how can you make the connection: sorry people, the message is supposed to be vague and imprecise, it is supposed to leave a subliminal impression that will encourage the mobs of unthinking drones to vote for Obama once again; after all, hasn&#8217;t he struggled valiantly to repay his contributors and unions with taxpayer money, at least when he can find time between golf games and vacations.  The fact that the connection is obvious to those who are alert and cognizant means the message is there.  If you want to deny it, like Eastwood who so gallantly gave his check to charity, but also willingly gave his image and voice to the Marxism of Obama, means you either endorse the Socialist cause or you are to dense to notice the ever deepening pool of Obama Socialism. </p>
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		<title>Why Americans Hate Limousine Liberals</title>
		<link>http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=why-americans-hate-limousine-liberals</link>
		<comments>http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/#comments</comments>
		<pubDate>Tue, 20 Sep 2011 16:28:56 +0000</pubDate>
		<dc:creator>Skook</dc:creator>
				<category><![CDATA[Anti-Americanism]]></category>
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		<guid isPermaLink="false">http://floppingaces.net/?p=69579</guid>
		<description><![CDATA[Senator Chuck Schumer, Democrat, N.Y. thinks the president's plan to raise the taxes on households making more than $250,000 may require a special dispensation for New Yorkers.  

After President Obama unveiled his totally new plan for the new plan for deficit-reduction that Americans hear about every other month, the plan that raises taxes on households that have an income of over $250,000, he flew to New York for a fundraising event (tickets were priced at $36,000).

A reporter, Marcia Kramer asked lawmakers from the New York region what they thought of President Obama's tax plans.  Most of the legislators were in step with the president, but Schumer stood up for his limousine Liberals.  He supports the millionaire's tax, but with caveats.  He feels the $250,000 limit is unacceptable for the metropolitan area of New York, because of the high cost of living within the city.
 <a href="http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><a href="http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/rollsroyce-phantom-0632507001315998810/" rel="attachment wp-att-69581"><img src="http://floppingaces.net/wp-content/uploads/2011/09/rollsroyce-phantom-0632507001315998810.jpg" alt="" width="400" height="230" class="aligncenter size-full wp-image-69581" /></a></p>
<p><strong><font SIZE="2">Schumer Has A Plan</font></strong></p>
<p>Senator Chuck Schumer, Democrat, N.Y. thinks the president&#8217;s plan to raise the taxes on households making more than $250,000 may require a special dispensation for New Yorkers.  </p>
<p>After President Obama unveiled his totally new plan for the new plan for deficit-reduction that Americans hear about every other month, the plan that raises taxes on households that have an income of over $250,000, he flew to New York for a fundraising event (tickets were priced at $36,000).</p>
<p>A reporter, Marcia Kramer asked lawmakers from the New York region what they thought of President Obama&#8217;s tax plans.  Most of the legislators were in step with the president, but Schumer stood up for his limousine Liberals.  He supports the millionaire&#8217;s tax, but with caveats.  He feels the $250,000 limit is unacceptable for the metropolitan area of New York, because of the high cost of living within the city.</p>
<p><strong><font SIZE="2">Schumer Logic</font></strong></p>
<blockquote><p>
“$250,000 makes you really rich in Mississippi, but it doesn’t make you rich at all in New York and there ought to be some kind of scale based on the cost of living on how much you pay.”</p></blockquote>
<p><a href="http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/bentley-4-th/" rel="attachment wp-att-69582"><img src="http://floppingaces.net/wp-content/uploads/2011/09/bentley-4-th.jpg" alt="" width="295" height="284" class="aligncenter size-full wp-image-69582" /></a></p>
<p>Schumer already has the rest of the country subsidizing the high rollers of New York with federal tax deductions for local and state taxes, but he seeks more advantages for his constituents.  </p>
<p>While our Limousine Liberals beg to be taxed more, they like Buffet will use every device to keep from paying the taxes they have asked for; they don&#8217;t really plan to be required to pay the taxes, after all they paid $36,000 for a dinner, they want the people in fly over country paying the taxes. </p>
<p><a href="http://floppingaces.net/2011/09/20/why-americans-hate-limousine-liberals/1953-h2/" rel="attachment wp-att-69583"><img src="http://floppingaces.net/wp-content/uploads/2011/09/1953.h2.jpg" alt="" width="341" height="197" class="aligncenter size-full wp-image-69583" /></a></p>
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		<title>Conservatism, Health, And Common Sense</title>
		<link>http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=conservatism-health-and-common-sense</link>
		<comments>http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/#comments</comments>
		<pubDate>Wed, 14 Sep 2011 08:42:05 +0000</pubDate>
		<dc:creator>Skook</dc:creator>
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		<guid isPermaLink="false">http://floppingaces.net/?p=69172</guid>
		<description><![CDATA[Conservatives traditionally resist government intrusion into the home and personal lives of American citizens: Liberals tend to welcome the guiding hand of government into every facet of modern life.  This is one of the fundamental differences between Liberalism and Conservatism.  During the GOP Debate, Rep. Bachman called Governor Perry on his issuance of an executive order in 2007, requiring all girls in Texas to receive Gardasil unless a waiver was signed by her parents.  <a href="http://http://www.gardasil.com/hpv/human-papillomavirus/">Gardasil by Merck</a>, prevents infection of the more common strains of human papilloma virus.  These particular viruses, once established, can initiate http://www.nationalreview.com/corner/277093/gardasil-and-gop-henry-i-miller, as well as cervical, anal, vulvar, and <a href="http://http://www.medicinenet.com/genital_warts_in_women/article.htm">vaginal</a> cancers.  The vaccine Gardasil prevents the infection and consequently prevents the associated diseases.
 <a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p>The Merchant of Venice, Act IV, Sc. I<br />
I am a tainted wether of the flock,<br />
Meetest for death: the weakest kind of fruit<br />
Drops earliest to the ground.</p>
<div id="attachment_69180" class="wp-caption aligncenter" style="width: 430px"><a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/romeo_and_juliet/" rel="attachment wp-att-69180"><img src="http://floppingaces.net/wp-content/uploads/2011/09/romeo_and_juliet.jpg" alt="" width="420" height="337" class="size-full wp-image-69180" /></a><p class="wp-caption-text">True Love Often Overlooks Previous Indiscretions, </p></div>
<p><a href="http://http://www.nationalreview.com/corner/277093/gardasil-and-gop-henry-i-miller">Conservatives</a> traditionally resist government intrusion into the home and personal lives of American citizens: Liberals tend to welcome the guiding hand of government into every facet of modern life.  This is one of the fundamental differences between Liberalism and Conservatism.  During the GOP Debate, Rep. Bachman called Governor Perry on his issuance of an executive order in 2007, requiring all girls in Texas to receive Gardasil, unless a waiver was signed by her parents.  <a href="http://http://www.gardasil.com/hpv/human-papillomavirus/">Gardasil by Merck</a>, prevents infection of the more common strains of human papilloma virus.  These particular viruses, once established, can initiate genital warts, as well as cervical, anal, vulvar, and vaginal cancers.  The vaccine Gardasil prevents the infection and consequently prevents the associated diseases.</p>
<p>Texas lawmakers blocked the EO, arguing that the vaccine was too new to be considered safe, others argued that the order preempted parental rights and that the vaccine would encourage young girls to become <a href="http://http://www.cancer.gov/cancertopics/factsheet/Risk/HPV">sexually promiscuous </a>at an early because of a false sense of security provided by the Gardasil.</p>
<div id="attachment_69181" class="wp-caption aligncenter" style="width: 430px"><a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/scarlett/" rel="attachment wp-att-69181"><img src="http://floppingaces.net/wp-content/uploads/2011/09/scarlett.jpg" alt="" width="420" height="307" class="size-full wp-image-69181" /></a><p class="wp-caption-text">The Flirtatious and Promiscuous Scarlet Has A Difficult Time Choosing From Her Many Suitors</p></div>
<p>Michelle Bachman provided an example of personal anecdotal evidence to stress the risk of injecting the vaccine into young girls.  Apparently a young mother told her that her daughter suffered mental retardation after being injected with the vaccine.  Thus this is more than enough proof for Bachman to refute the scientific studies of over 20,000 women and girls who were injected with the vaccine prior to FDA approval.</p>
<p>The studies concluded that the vaccine was 100% effective, an almost unprecedented result.  The most serious side effect was redness, soreness, and swelling of the injection site.</p>
<p>Gardasil may be considered one of the most extraordinary risk-benefit ratios of all pharmaceuticals.</p>
<p>We have government intrusion in our lives; we are now required to wear seat belts and motorcycle helmets.  People accept the fact that seat belts make crashes more survivable, as do motorcycle helmets, but the helmets interfere with the image of a bad ass on a motorcycle.  Therein lies part of the conflict; much of our choice of transportation is based on an image.  An image that we subscribe to and emulate within our own psyche and an image that we want to cultivate in the minds of those who view us.  Yet the motorcycle road racer would never consider running down the track at speeds approaching two hundred miles an hour without a helmet, but if helmets save lives in motorcycle wrecks by lessening head trauma, how many lives could be saved if drivers and passengers of cars and trucks were required to wear a helmet.  Surely head trauma is a major cause of death on the highway.</p>
<p><a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/paolo/" rel="attachment wp-att-69182"><img src="http://floppingaces.net/wp-content/uploads/2011/09/paolo.jpg" alt="" width="420" height="360" class="aligncenter size-full wp-image-69182" /></a></p>
<p>Since nearly all people engage in sexual activity, all of us are exposed to the papilloma virus.  A rarely discussed fact is that certain men are carriers of the infection.  Although they suffer no ill-effects, if they have multiple partners, they can spread the infection to many others, bringing misery and death as an unseemly gift of their sexual prowess.</p>
<p>The public would be enraged, Conservatives particularly, if these carriers of this often lethal infection were identified on the internet so that potential partners could have a choice in avoiding the infection of Don Juan types intent on serial infection of vulnerable maidens.  Consequently, we allow carriers to continue to spread untold misery and death among females as a cost of our Constitutional freedoms.</p>
<p>A woman may only have one partner in her sexual life, but if that partner is a carrier of the infection, she will more than likely suffer through one or more of the associated diseases and death as a result.</p>
<p>Will we Conservatives be able to face our daughters and granddaughters if they have contracted one of the dreaded diseases and tell them that it is only collateral damage and a cost of our freedom; she may die secure in the knowledge that she contracted the disease as a free woman and she may now die a free woman, she can also take solace in the fact that the man who infected her will be free to infect many more women and their other partners as well, all in the name of freedom.  </p>
<p><a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/10_precious_women_quotes/" rel="attachment wp-att-69183"><img src="http://floppingaces.net/wp-content/uploads/2011/09/10_precious_women_quotes.jpg" alt="" width="670" height="571" class="aligncenter size-full wp-image-69183" /></a></p>
<p>We may all rest assured that scientific minds like Michelle Bachman&#8217;s can recognize a potential problem when a woman complains that her twelve year old daughter suffered mental retardation after being injected with Gardasil.  </p>
<p>As a Conservative, I realize that strict adherence to any ideology leads to fanaticism; common sense must be injected into the mix to keep the ideas and goals viable, but interposing uninformed personal opinions and ignorance into any situation is counter productive and nearly as offensive as falsifying data under the premise of science. </p>
<div id="attachment_69186" class="wp-caption aligncenter" style="width: 310px"><a href="http://floppingaces.net/2011/09/14/conservatism-health-and-common-sense/300px-hermes_e_sarpedon/" rel="attachment wp-att-69186"><img src="http://floppingaces.net/wp-content/uploads/2011/09/300px-Hermes_e_Sarpedon.jpg" alt="" width="300" height="192" class="size-full wp-image-69186" /></a><p class="wp-caption-text">Hypnos and Thanatos (God of death) carrying dead Sarpedon, while Hermes watches. </p></div>
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		<title>The Obamas, Movin&#8217; On Up</title>
		<link>http://floppingaces.net/2011/09/05/the-obamas-movin-on-up/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-obamas-movin-on-up</link>
		<comments>http://floppingaces.net/2011/09/05/the-obamas-movin-on-up/#comments</comments>
		<pubDate>Mon, 05 Sep 2011 16:58:48 +0000</pubDate>
		<dc:creator>Skook</dc:creator>
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		<guid isPermaLink="false">http://floppingaces.net/?p=68450</guid>
		<description><![CDATA[Corruption and Lies seem to be a tradition in the Obama family.

Every family has a "Black Sheep," someone who embarrasses the family by getting drunk and in trouble.  It's possible some of us have relatives who are illegal aliens on the public dole and have repeatedly defied deportation orders: thankfully, not many of us fit into that category.  However, not many drunk relatives tell arresting officers to call the White House, presumably before they do something stupid.

"Omar" or Onyango Obama is the long lost brother Kenyan half-brother of President Obama's father.  The same Uncle Omar mentioned by Bill Ayers in the best selling autobiography "Dreams From My Father", the life story of President Obama as portrayed by the unrepentant <a href="http://http://thisbluemarble.com/showthread.php?t=19602">terrorist</a>, Bill Ayers.  Although he was mentioned in the book, our president is wishing his drunken uncle would behave himself or live in the shadows.
 <a href="http://floppingaces.net/2011/09/05/the-obamas-movin-on-up/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><div id="attachment_68452" class="wp-caption alignright" style="width: 246px"><a href="http://floppingaces.net/2011/09/05/the-obamas-movin-on-up/zz660f4e651/" rel="attachment wp-att-68452"><img src="http://floppingaces.net/wp-content/uploads/2011/09/ZZ660F4E651.jpg" alt="" width="236" height="300" class="size-full wp-image-68452" /></a><p class="wp-caption-text">Lost But Now He Is Found, Poor Drunk Uncle Omar Obama</p></div>
<p>Corruption and Lies seem to be a tradition in the Obama family.</p>
<p>Every family has a &#8220;Black Sheep,&#8221; someone who embarrasses the family by getting drunk and in trouble.  It&#8217;s possible some of us have relatives who are illegal aliens on the public dole and have repeatedly defied deportation orders: thankfully, not many of us fit into that category.  However, not many drunk relatives tell arresting officers to call the White House, presumably before they do something stupid.</p>
<p>&#8220;Omar&#8221; or Onyango Obama is the long lost brother Kenyan half-brother of President Obama&#8217;s father.  The same Uncle Omar mentioned by Bill Ayers in the best selling autobiography &#8220;Dreams From My Father&#8221;, the life story of President Obama as portrayed by the unrepentant <a href="http://http://thisbluemarble.com/showthread.php?t=19602">terrorist</a>, Bill Ayers.  Although he was mentioned in the book, our president is wishing his drunken uncle would behave himself or live in the shadows.</p>
<p><a href="http://http://dougpowers.com/2011/08/28/obama-uncle/">Drunk Uncle Omar</a> Obama was driving drunk after leaving the <a href="http://http://immigrationreform.com/2011/08/29/another-illegal-alien-falls-out-of-the-obama-family-tree/">Chicken Bone Saloon </a>and barely missed hitting a squad car.  When he was pulled over, he demanded that he be allowed to call the White House in a belligerent manner.  The cops didn&#8217;t find the drunk name dropper all that impressive; a drunk illegal alien with a long rap sheet had run down and killed a 23 year old Milford, Mass. man, two weeks earlier. </p>
<p>Open-borders and Open Society advocates of George Soros philosophy consider drunken Obamas to be &#8220;harmless&#8221;.  However, drunken Uncle Omar has defied two court orders to leave the country.  He also owes thousands in back taxes and has a fraudulent Social Security Card and has evaded authorities for 50 years.</p>
<p>The court policy that allows the drunk criminals like Omar Obama to simply stay in the country is the &#8220;voluntary departure&#8221; system that allows illegal aliens to evade the police and deportation for years.  Omar lost his first deportation hearing in 1989, he lost a second time with the Board of Immigration Appeals in 1992.</p>
<p>Uncle Omar joined the ranks of an estimated 400,000 to 700,000 illegal aliens who give the law a one finger salute and look upon disregarding America&#8217;s Immigration Laws as a right or entitlement.</p>
<p>Drunk Uncle Omar will now be represented by the same Ohio law firm that fought the deportation of President Obama&#8217;s indigent welfare collecting aunt, Aunt Zeituni Onyango.  Zeituni landed in the US in 2000 on a temporary visa and sought asylum in 2004.  She was denied asylum and refused to leave.  She hid with relatives in public housing for years before winning a second bid to stay in the US, a country she seems to despise.</p>
<p>Both parties play games with the immigration issues to win votes from the ever growing illegal demographic.  Yes, illegals seem to be able to vote, have driver licenses, and Social Security numbers.  Especially those who are here illegally and are related to our president.<div id="attachment_68472" class="wp-caption alignright" style="width: 250px"><a href="http://floppingaces.net/2011/09/05/the-obamas-movin-on-up/onyango/" rel="attachment wp-att-68472"><img src="http://floppingaces.net/wp-content/uploads/2011/09/onyango.jpg" alt="" width="240" height="364" class="size-full wp-image-68472" /></a><p class="wp-caption-text">Aunt Zeituni Onyango, Ward Of The State, Perpetual Welfare Recipient, President&#039;s Aunt, Former Illegal Alien</p></div></p>
<p>President <a href="http://http://www.nationalreview.com/articles/226298/dubya-and-zuni/michelle-malkin">Bush</a> told Immigration and Customs Enforcement to stop deportations until after the 2008 election, when Aunt Zeituni was caught and identified as an Illegal Alien in October of 2008.  Thank you former President Bush.</p>
<p>The question remains, how many more of these Obama welfare recipients are we going to be asked to support for the rest of their natural lives in a state of permanent Welfare and Public Housing.  Our former inept and clueless President, Jimmy Carter, only had one embarrassing relative, Brother Billy, the one who inspired Billy Beer and became a cultural icon and a standing joke.  At least, Billy was humorous; Zeituni and Omar are far from humorous.</p>
<p>We might remember the case of Gazi Ibrahim Abu Mezer, a Palestinian bomb builder by trade; he immigrated to the US illegally (considered legal by Napolitano and Obama) in 1996 through Canada.  He claimed political asylum from alleged persecution by Israelis, was released on a $5,000 bond posted by another illegal, then skipped his asylum hearing.  His lawyer dropped his asylum claim and a federal judge issued a laughable &#8220;voluntary departure order&#8221;.  Obviously, illegal aliens who enter the country illegally or not interested in leaving the country voluntarily.  He later joined a New York City group that was formulating a bombing plot and was arrested after his roommate tipped off local police.  And once again we have another example of the DHS being on the ball and defending our country.</p>
<p>“Always remember. Never forget.” Words, just words.</p>
<p>A citizen is rebuffed by a judge for trying to unravel the nefarious facts concerning the president&#8217;s dubious Social Security Number.</p>
<p><strong><font SIZE="2">Unfortunately for the plaintiff, today is not her lucky day.</font></strong></p>
<blockquote><p>
UNITED STATES DISTRICT COURTFOR THE DISTRICT OF COLUMBIA____________________________________)ORLY TAITZ, ))Plaintiff, ))v. )) Civil Action No. 11-402 (RCL)MICHAEL ASTRUE, )COMMISSIONER OF THE SOCIAL )SECURITY ADMINISTRATION, ))Defendant. )____________________________________)MEMORANDUM OPINION<br />
 Before the Court is defendant’s Motion for Summary Judgment [21]. Upon considerationof defendant’s motion, plaintiff’s opposition [31], the reply thereto [32], the entire record herein,and the applicable law, the Court will grant summary judgment in defendant’s favor for thereasons set forth below.<br />
I.</p>
<p>BACKGROUND<br />
Ever persistent, plaintiff has once again come before this Court in an effort to uncover“the biggest cover up in the history of this nation.” Pl.’s Opp’n to Mot. for Summ. J. 20 [31]. Shebelieves that the President is using a “fraudulently obtained” social security number and that theSocial Security Administration—among other agencies—is involved in a scheme to “cover[] upsocial security fraud, IRS fraud, elections fraud and possibly treason” committed by thePresident.<br />
 Id.<br />
at 5–6, 13. As her numerous filings with the Court demonstrate, plaintiff will stopat nothing to get to the bottom of this alleged conspiracy. Unfortunately for plaintiff, today is nother lucky day.</p></blockquote>
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		<title>The Politics of Central Planning and How It Affects Obama&#8217;s Reelection Chances [Reader Post]</title>
		<link>http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post</link>
		<comments>http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/#comments</comments>
		<pubDate>Mon, 13 Jun 2011 21:00:45 +0000</pubDate>
		<dc:creator>Warren Beatty</dc:creator>
				<category><![CDATA[Auto Industry]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Baracks Broken Promises]]></category>
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		<category><![CDATA[Labor Unions]]></category>
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		<description><![CDATA[President Obama and his administration have had a difficult (at best) time with his economic policies, and those policy decisions will (if we do our job) have an effect upon his reelection prospects.  So let's examine his policies and be knowledgeable so <u>WE</u> are ready to spread the word.  As Lao-tzu (604 BC - 531 BC) said, "People are difficult to govern because they have too much knowledge."  <a href="http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><center><a href="http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/20110611_usd001/" rel="attachment wp-att-62332"><img src="http://floppingaces.net/wp-content/uploads/2011/06/20110611_usd001.jpg" alt="" title="20110611_usd001" width="595" height="335" /></a></center></p>
<p><center><em>Central Planning &#8211; a Definition</em><sup>1</sup></center></p>
<p>Economic planning refers to any directing or planning of economic activity by the state, in an attempt to achieve specific economic or social outcomes. An economy primarily based on central planning is a planned economy; in a planned economy the allocation of resources is determined by a comprehensive plan of production which specifies output requirements. My addendum &#8211; Note that nowhere in this definitioin is &#8220;communism&#8221; mentioned.  </p>
<p><center><em>Obama&#8217;s Central Planning</em></center></p>
<p>President Obama and his administration have had a difficult (at best) time with his economic policies, and those policy decisions will (if we do our job) have an effect upon his reelection prospects.  So let&#8217;s examine his policies and be knowledgeable so <u>WE</u> are ready to spread the word.  As Lao-tzu (604 BC &#8211; 531 BC) said, &#8220;People are difficult to govern because they have too much knowledge.&#8221; </p>
<p>Obama&#8217;s focus on economic policies and programs fall roughly into these five categories:</p>
<ul>
<li>Economy
</li>
<li>Obamacare
</li>
<li>Stimulus
</li>
<li>Bailouts
</li>
<li>Energy
</li>
</ul>
<p>Let&#8217;s look at each of these policies individually.</p>
<p><center><a href="http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/20110611_usc890/" rel="attachment wp-att-62331"><img src="http://floppingaces.net/wp-content/uploads/2011/06/20110611_usc890.gif" alt="" title="20110611_usc890" width="290" height="281" /></a></center></p>
<p><center><em>Economy</em> </center></p>
<p>Here is what President-elect Obama<sup>2</sup> had to say on January 8, 2009.  &#8220;I don&#8217;t believe it&#8217;s too late to change course, but it will be if we don&#8217;t take dramatic action as soon as possible. If nothing is done, this recession could linger for years&#8230;.&#8221;  He continued, &#8220;&#8230;That&#8217;s why the American Recovery and Reinvestment Plan won&#8217;t just throw money at our problems &#8211; <i>we&#8217;ll invest in what works</i>&#8230;.&#8221; [emphasis mine]  </p>
<p>Well, his economic plans have NOT worked.  The &#8220;Misery Index&#8221;<sup>3</sup> is high, economic growth<sup>4</sup> (measureds by the GDP) is slow, GDP growth<sup>5</sup> is very slow, unemployment<sup>6</sup> is high, bankruptcy<sup>7</sup> is high, entitlement spending<sup>8</sup> continues to grow, productivity<sup>9</sup> is declining, and the deficit<sup>10</sup> continues to grow (we&#8217;ll see how projections beyond 2011 go).</p>
<p>So how did we get here?  One policy that the Obama administration actively pursued was anti-trust<sup>11</sup> enforcement since he and his advisors know what is best for corporate America and us. Here is another example of how the Obama administration pursues central planning<sup>12</sup> through anti-trust prosecution. Obama&#8217;s administration pursues corporations they don&#8217;t want to be competitive, and leaves their choices alone.  And here is a very short post on the wisdom<sup>13</sup> of the Obama administration.</p>
<p>Further, Obama&#8217;s tax policies<sup>14</sup> smack of central planning. Since corporations (and small businesses) do not pay taxes, but pass the increased costs on to the consumer in the form of higher prices and/or less personnel, tax policy can be quite a weapon. And here he says one thing<sup>15</sup>, then refutes it in the next sentence.  What we have is essentially the resurgence of central planning<sup>16</sup>. How ironic it is that Obama, the champion of &#8220;change,&#8221; is resorting to an age old economic doctrine which always originally draws popular support, always leads to a rise in the authoritarian state, and always ultimately fails. Here is an article<sup>17</sup> about the NLRB and a drug company CEO.  Now we have the NLRB telling a company where it can locate. We get a glimpse<sup>18</sup> of what Obama meant when he told Joe the plumber that we must &#8220;spread the wealth around.&#8221; Finally, we have Obama redistributing wealth<sup>19</sup> through his &#8220;green economy.&#8221; </p>
<p><em><center>Obamacare</center></em></p>
<p>The Patient Protection and Affordable Care Act (PPACA), more commonly known as Obamacare, imposes intrusive federal control of the American health insurance and delivery system.<sup>20</sup>  This massive health care law, passed in March, 2010, contains over 2700 pages, and constitutes the largest expansion of government since the Great Society. Americans have voiced their strong opposition, but the Obama Administration is determined to force-feed us Obamacare. The Administration&#8217;s vision of health care is based on the premise that the federal government can and must control the details of health care financing and delivery across the country. Obamacare also states that by 2012 doctors and hospitals are encouraged to legally join together to form groups covering at least 5,000 patients each that will be &#8220;accountable&#8221; for cost, quality and overall care.<sup>21</sup>  So much for the anti-trust laws cited above. Capitalism works better than central planning, and no amount of good intentions, propaganda or magical thinking will change that.<sup>22</sup> </p>
<p><em><center>Stimulus</center></em></p>
<p>All government spending has an agenda behind it, and there&#8217;s no reason to think the politicians&#8217; agendas would make the best use of scarce resources.<sup>23</sup>  Stimulus money is no exception. Researchers at the Harvard Business School published a study in late May of 2010 that concludes that the Obama Administration arguments about the efficacy of stimulus spending is a failure.<sup>24</sup>  Barack Obama&#8217;s $787 billion stimulus package failed to stem the rise of national unemployment. In fact, unemployment turned out much worse than the Administration&#8217;s projection of an 8 percent maximum if the law was passed. The current stimulus bill will be the largest spending bill ever enacted by Congress, making the New Deal look small, accounting for inflation.<sup>25</sup> On a family per capita basis, the stimulus is equivalent to borrowing $10,520 from every family in Amereica. If all families were asked to equally shoulder the burden of the stimulus, this debt would be equivalent to what they roughly spend on food, clothing, and health care in an entire year.</p>
<p><em><center>Bailouts</center></em></p>
<ul>
<li>Bank Bailouts: Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible and therefore are ineffective.<sup>26</sup>     Pledges not to bail out creditors are not credible. Other factors may also motivate governments to protect uninsured creditors at large banks. <i>Incompetent central planning</i> may drive some bailouts.[emphasis mine]</li>
<li>Auto Industry Bailouts: Obama&#8217;s proposal for a $50 billion bailout of the Detroit automakers is actually a plan for de facto nationalization which will turn the Big Three into permanent wards of the state whose purpose is not to make a profit but to serve the &#8220;social goals&#8221; set by government.<sup>27</sup>  Obama is planning to pump $50 billion into the big American automakers, while also establishing &#8220;a czar or board to oversee the companies&#8221; which will supervise &#8220;a restructuring of the auto industry.&#8221; That&#8217;s exactly what Detroit needs to recover: the benefit of <i>government central planning</i>.  [emphasis mine] Here is the key phrase that sums up the outlook behind the bailout: Susan Helper, a professor of &#8220;regional economic development&#8221; at Case Western Reserve University tells the <i>New York Times</i> &#8220;From a social point of view, even if GM is not providing a return on investment, it is still providing a lot of good jobs.&#8221;<sup>28</sup></li>
</ul>
<p>The Obama Administration has failed to understand that markets, not bureaucrats, pick winners and losers.<sup>29</sup>  It is obvious that GM needs to reduce costs in order to compete, but the current round of layoffs only affect salaried employees. The choices made at General Motors reflect too much government control due to strings attached to bailout funds. Consider the fact that the government and unions may have a 75% equity stake in a restructured GM and Chrysler. This will result in a systemic drain on the U.S. Treasury as bits and pieces of these companies are put back into operation after the bankruptcy. It is likely <i>central planning</i> rather than the market will drive new product introductions to reinforce the administration&#8217;s &#8220;green agenda&#8221;.&nbsp;&nbsp;&nbsp;[emphasis mine]</p>
<p><em><center>Energy</center></em></p>
<p>In American politics, everyone recognizes the disaster of socialism. Yet through its massive power to tax, spend, and regulate, the federal government can achieve <i>central planning</i>, where federal officials pick winners and losers.<sup>30</sup> We see this pattern all too clearly in President Obama&#8217;s recent budget proposal and its impact on the American energy sector.&nbsp;&nbsp;&nbsp;[emphasis mine]  The most obvious example of government interference in energy markets is its explicit use of tax dollars to fund alternative energy sources. The Obama Administration follows the pattern of taxing energy sources that work, and subsidizing those that don&#8217;t. If the government wants to get serious about cutting the deficit, creating productive jobs, and protecting Americans from rising energy prices, it should get out of the energy sector altogether. If the government stopped subsidizing some companies, and if it stopped designing arbitrary tax rules to penalize others, then the most efficient energy sources would flourish in an open and competitive marketplace. </p>
<p>President Barack Obama&#8217;s 2012 budget request reflects a change on climate and energy policy.<sup>31</sup>   For the first time, an Obama budget does not include any mention of cap-and-trade legislation. The budget request boosts funding for low-carbon &#8220;clean&#8221; energy technologies and reiterates past efforts to increase the costs associated with oil and gas and other fossil energy production. The budget request includes $73 million towards the goal of issuing permits for 9,000 megawatts of new solar, wind and geothermal energy generation on federal lands by the end of the calendar year. The budget also proposes an additional $200 million in credit subsidy to support $1 billion to $2 billion in loan guarantees for energy efficiency and renewable energy projects.</p>
<p>Are we beginning to see the <i>central planning</i> theme in all of his policies?</p>
<p><center><a href="http://floppingaces.net/2011/06/13/the-politics-of-central-planning-and-how-it-affects-obamas-reelection-chances-reader-post/8578235-large/" rel="attachment wp-att-62334"><img src="http://floppingaces.net/wp-content/uploads/2011/06/8578235-large.jpg" alt="" title="8578235-large" width="380" height="263" /></a></center></p>
<p><em><center>What&#8217;s Wrong With Central Planning &#8211; an Economics Perspective</center></em></p>
<p>A very well known economists, Friedrich von Hayek<sup>32</sup> has a few things, from an economics perspective, to say about central planning.</p>
<p>In his 1944 book, <i>The Road To Serfdom</i>, von Hayek states, &#8220;Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rates higher and which lower, in short, what men should believe and strive for.&#8221;<sup>33</sup>  He continues, &#8220;It is a revealing fact that few planners are content to say that <i>central planning</i> is desirable.&#8221;&nbsp;&nbsp;[emphasis mine]&nbsp;&nbsp;&#8221;This interaction of individuals, possessing different knowledge and different views, is what constitutes the life of thought. &#8221;</p>
<p>It was his recogntion of the use of knowledge that made central planning impractable.  Central planners never have as much knowledge as the private sector.  He said, &#8220;<i>If</i> we possess all the relevant information, <i>if</i> we can start out from a given system of preferences, and <i>if</i> we command complete knowledge of available means, the problem which remains is purely one of logic.&#8221;<sup>34</sup>  &#8220;The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.&#8221; &#8220;Which of these systems is likely to be more efficient depends mainly on the question under which of them we can expect that fuller use will be made of the existing knowledge. And this, in turn, depends on whether we are more likely to succeed in putting at the disposal of a single central authority all the knowledge which ought to be used but which is initially dispersed among many different individuals, or in conveying to the individuals such additional knowledge as they need in order to enable them to fit their plans with those of others.&#8221;</p>
<p>Hayek&#8217;s skepticism about the effects of &#8220;big government&#8221; are rooted in an epistemological observation summarized in a 1945 article called &#8220;The Uses of Knowledge in Society.&#8221; There he argued that most of the knowledge in a modern economy was local in nature, and hence unavailable to <i>central planners</i>.&#8221;<sup>35</sup>[emphasis mine]  </p>
<p>Other Economists and what they say:</p>
<p>In his book, <i>The Problem With Central Planning</i>, David Elton Trueblood wrote, &#8220;Planning for another involves factors which are totally absent in planning for one&#8217;s self. I can, for example, operate more adequately on the basis of foresight in regard to my own life than is possible when I am planning the life of another, because I have inside information about my own intentions, while I do not have such information about the intentions of any other person.&#8221;<sup>36</sup>   </p>
<p>Mattheus von Guttenberg writes, &#8220;In the real world, there is a component of central planning that we all take into consideration that does not exist in this game: namely, the reality of selfish interests on the part of the ruling caste. It is abundantly clear in the real world that governments act primarily in their own self-interest, and so any claim that democracy/socialism is &#8220;for the people&#8221; can be considered na&iuml;ve at best and cruelly propagandistic at worst.<sup>37</sup>  </p>
<p>In <i>Central Planning and the Limits of Social Control</i> Helmut Schoeck writes, &#8220;Almost by definition a truly central planner must be able to delegate numerous functions to remote individuals. He must be able to count on reasonably faithful adherence to instructions and orders conceived by him for the sake of the plan. No matter what technological improvements are being used, essentially this problem remains one of basic social control.&#8221;<sup>38</sup> </p>
<p><center><strong>None of us is as smart as all of us.</strong> &#8211; <em>Eric Schmidt, University of Pennsylvania Commencement Address, 2009</em> </center></p>
<h2>So, the hubris of central planning runs throughout Obama&#8217;s policies.  Now it is up to us to get the word out about Obama and what he will probably continue to do if reelected.</h2>
<h3>But that&#8217;s just my opinion.</h3>
<ol>
<li><a href="http://en.wikipedia.org/wiki/Central_planning">http://en.wikipedia.org/wiki/Central_planning</a>
</li>
<li><a href="http://thecaucus.blogs.nytimes.com/2009/01/08/the-early-word-obama-defends-economic-plan/">http://thecaucus.blogs.nytimes.com/2009/01/08/the-early-word-obama-defends-economic-plan/</a>
</li>
<li><a href="http://www.cato-at-liberty.org/obamas-economic-policies-create-misery/">http://www.cato-at-liberty.org/obamas-economic-policies-create-misery/</a>
</li>
<li><a href="http://www.realclearpolitics.com/articles/2011/02/13/reality_check_on_obamas_economic_policies.html">http://www.realclearpolitics.com/articles/2011/02/13/reality_check_on_obamas_economic_policies.html</a>
</li>
<li><a href="http://www.tradingeconomics.com/united-states/gdp-growth">http://www.tradingeconomics.com/united-states/gdp-growth</a>
</li>
<li><a href="http://www.tradingeconomics.com/united-states/unemployment-rate">http://www.tradingeconomics.com/united-states/unemployment-rate</a>
</li>
<li><a href="http://empowerednews.net/u-s-bankruptcy-rates-increased-last-year-report-says/185131/">http://empowerednews.net/u-s-bankruptcy-rates-increased-last-year-report-says/185131/</a>
</li>
<li><a href="http://www.usgovernmentspending.com/downchart_gs.php?year=1996_2016&#038;view=1&#038;expand=&#038;units=b&#038;log=linear&#038;fy=fy09&#038;chart=00-fed_10-fed_40-fed&#038;bar=1&#038;stack=1&#038;size=1366_643&#038;title=Entitlement Spending Chart&#038;state=US&#038;color=c&#038;local=s&#038;show=">http://www.usgovernmentspending.com/downchart_gs.php?year=1996_2016&#038;view=1&#038;expand=&#038;units=b&#038;log=linear&#038;fy=fy09&#038;chart=00-fed_10-fed_40-fed&#038;bar=1&#038;stack=1&#038;size=1366_643&#038;title=Entitlement Spending Chart&#038;state=US&#038;color=c&#038;local=s&#038;show=</a>
</li>
<li><a href="http://www.businessinsider.com/the-continuing-decline-of-us-productivity-2010-8">http://www.businessinsider.com/the-continuing-decline-of-us-productivity-2010-8</a>
</li>
<li><a href="http://www.usgovernmentspending.com/downchart_gs.php?year=1996_2016&#038;view=1&#038;expand=&#038;units=b&#038;log=linear&#038;fy=fy12&#038;chart=G0-fed&#038;bar=1&#038;stack=1&#038;size=1366_643&#038;title=&#038;state=US&#038;color=c&#038;local=s&#038;show=">http://www.usgovernmentspending.com/downchart_gs.php?year=1996_2016&#038;view=1&#038;expand=&#038;units=b&#038;log=linear&#038;fy=fy12&#038;chart=G0-fed&#038;bar=1&#038;stack=1&#038;size=1366_643&#038;title=&#038;state=US&#038;color=c&#038;local=s&#038;show=</a>
</li>
<li><a href="http://blog.mises.org/9929/no-surprise-obama-opposes-markets-civil-liberties/">http://blog.mises.org/9929/no-surprise-obama-opposes-markets-civil-liberties/</a>
</li>
<li><a href="http://blog.mises.org/7235/obama-vows-more-central-planning/">http://blog.mises.org/7235/obama-vows-more-central-planning/</a>
</li>
<li><a href="http://blog.mises.org/10054/obama-autos-and-antitrust/">http://blog.mises.org/10054/obama-autos-and-antitrust/</a>
</li>
<li><a href="http://lonelyconservative.com/2011/02/obamas-tax-laden-budget-an-exercise-in-central-planning/">http://lonelyconservative.com/2011/02/obamas-tax-laden-budget-an-exercise-in-central-planning/</a>
</li>
<li><a href="http://heritageaction.com/2011/02/obamas-central-planning-promises/">http://heritageaction.com/2011/02/obamas-central-planning-promises/</a>
</li>
<li><a href="http://www.yaliberty.org/posts/obama-central-planning-and-the-absence-of-real-change">http://www.yaliberty.org/posts/obama-central-planning-and-the-absence-of-real-change</a>
</li>
<li><a href="http://mamabincranky.com/2011/04/28/obamas-central-planning-committee/">http://mamabincranky.com/2011/04/28/obamas-central-planning-committee/</a>
</li>
<li><a href="http://www.hyscience.com/archives/2010/05/obama_wealth_re.php">http://www.hyscience.com/archives/2010/05/obama_wealth_re.php</a>
</li>
<li><a href="http://biggovernment.com/chorner/2010/06/22/parsing-obamas-green-central-planning/">http://biggovernment.com/chorner/2010/06/22/parsing-obamas-green-central-planning/</a>
</li>
<li><a href="http://www.heritage.org/Research/Reports/2010/09/Implementing-Obamacare-A-New-Exercise-in-Old-Fashioned-Central-Planning">http://www.heritage.org/Research/Reports/2010/09/Implementing-Obamacare-A-New-Exercise-in-Old-Fashioned-Central-Planning</a>
</li>
<li><a href="http://www.washingtonpolicy.org/publications/opinion/accountable-care-organizations-more-central-planning-obamacare">http://www.washingtonpolicy.org/publications/opinion/accountable-care-organizations-more-central-planning-obamacare</a>
</li>
<li><a href="http://ezinearticles.com/?Obamacare-and-the-Perils-of-Central-Planning&#038;id=5921546">http://ezinearticles.com/?Obamacare-and-the-Perils-of-Central-Planning&#038;id=5921546 </a>
</li>
<li><a href="http://www.fff.org/comment/com0812j.asp">http://www.fff.org/comment/com0812j.asp</a>
</li>
<li><a href="http://americanmissive.com/2010/07/11/harvard-business-school/">http://americanmissive.com/2010/07/11/harvard-business-school/</a>
</li>
<li> <a href="http://www.rightreborn.com/2009/01/28/pelosi-reid-obama-central-planning/">http://www.rightreborn.com/2009/01/28/pelosi-reid-obama-central-planning/</a>
</li>
<li><a href="http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3472">http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3472</a>
</li>
<li><a href="http://www.realclearmarkets.com/articles/2008/11/auto_bailouts_will_give_us_det.html">http://www.realclearmarkets.com/articles/2008/11/auto_bailouts_will_give_us_det.html</a>
</li>
<li><a href="http://feministing.com/2009/04/05/susan_helper_understanding_the/">http://feministing.com/2009/04/05/susan_helper_understanding_the/</a>
</li>
<li><a href="http://www.libertariansolution.com/advocates/057/president-obamas-bailout-plan-results-in-job-losses-at-general-motors">http://www.libertariansolution.com/advocates/057/president-obamas-bailout-plan-results-in-job-losses-at-general-motors</a>
</li>
<li><a href="http://www.instituteforenergyresearch.org/2011/02/18/obama%E2%80%99s-budget-central-planning-the-nation%E2%80%99s-energy-sources/">http://www.instituteforenergyresearch.org/2011/02/18/obama%E2%80%99s-budget-central-planning-the-nation%E2%80%99s-energy-sources/ </a>
</li>
<li><a href="http://www.politico.com/news/stories/0211/49473.html">http://www.politico.com/news/stories/0211/49473.html  </a>
</li>
<li><a href="http://en.wikipedia.org/wiki/Friedrich_Hayek">http://en.wikipedia.org/wiki/Friedrich_Hayek </a>
</li>
<li><a href="http://blog.heritage.org/2010/06/14/friedrich-von-hayek-the-road-to-serfdom/">http://blog.heritage.org/2010/06/14/friedrich-von-hayek-the-road-to-serfdom/</a>
</li>
<li><a href="http://www.econlib.org/library/Essays/hykKnw1.html">http://www.econlib.org/library/Essays/hykKnw1.html</a>
</li>
<li><a href="http://sandberghans.blogspot.com/2011/05/friedrich-hayek-revisited-in-age-of-tea.html">http://sandberghans.blogspot.com/2011/05/friedrich-hayek-revisited-in-age-of-tea.html </a>
</li>
<li><a href="http://mises.org/daily/4186">http://mises.org/daily/4186</a>
</li>
<li><a href="http://mises.org/daily/4633">http://mises.org/daily/4633</a>
</li>
<li><a href="http://mises.org/daily/4199">http://mises.org/daily/4199</a>
</li>
</ol>
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		<title>Barack Obama&#8217;s political epitaph takes shape [Reader Post]</title>
		<link>http://floppingaces.net/2011/06/03/barack-obamas-political-epitaph-takes-shape-read-post/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=barack-obamas-political-epitaph-takes-shape-read-post</link>
		<comments>http://floppingaces.net/2011/06/03/barack-obamas-political-epitaph-takes-shape-read-post/#comments</comments>
		<pubDate>Fri, 03 Jun 2011 12:00:37 +0000</pubDate>
		<dc:creator>DrJohn</dc:creator>
				<category><![CDATA[Anti-Americanism]]></category>
		<category><![CDATA[Auto Industry]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Disasters]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Labor Unions]]></category>
		<category><![CDATA[Liberal Idiots]]></category>
		<category><![CDATA[Obama Euphoric-Rapture Syndrome]]></category>
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		<category><![CDATA[2012]]></category>
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		<guid isPermaLink="false">http://floppingaces.net/?p=61322</guid>
		<description><![CDATA[As the 2012 Presidential campaign gains speed, Barack Obama's political epitaph begins to take shape. Among the achievements etched into his political tombstone will be the following:

<a href="http://www.cnbc.com/id/43236208">US Manufacturing Growth Slowest Since Sept 2009</a>


<blockquote>The pace of growth in the U.S. manufacturing sector tumbled in May, slackening more than expected to its slowest since September 2009, according to an industry report released Wednesday. </blockquote> <a href="http://floppingaces.net/2011/06/03/barack-obamas-political-epitaph-takes-shape-read-post/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><a href="http://floppingaces.net/2011/06/03/barack-obamas-political-epitaph-takes-shape-read-post/tombstone/" rel="attachment wp-att-61330"><img src="http://floppingaces.net/wp-content/uploads/2011/06/tombstone.jpg" alt="" width="500" height="300" class="aligncenter size-full wp-image-61330" /></a></p>
<p>As the 2012 Presidential campaign gains speed, Barack Obama&#8217;s political epitaph begins to take shape. Among the achievements etched into his political tombstone will be the following:</p>
<p><a href="http://www.cnbc.com/id/43236208">US Manufacturing Growth Slowest Since Sept 2009</a></p>
<blockquote><p>The pace of growth in the U.S. manufacturing sector tumbled in May, slackening more than expected to its slowest since September 2009, according to an industry report released Wednesday. </p>
<p>The Institute for Supply Management (ISM) said its index of national factory activity fell to 53.5 in May from 60.4 the month before. The reading missed economists&#8217; expectations for 57.7.</p>
<p>A reading below 50 indicates contraction in the manufacturing sector, while a number above 50 means expansion.</p>
<p>New orders fell to 51.0 from 61.7 in April, the lowest since June 2009. The index for prices paid fell to 76.5 from 85.5, below expectations of 82.0.</p>
<p>The data echoed earlier regional reports that showed softer manufacturing growth last month.</p></blockquote>
<p><a href="http://www.bloomberg.com/news/2011-06-01/adp-estimates-u-s-companies-added-38-000-employees-in-may.html">ADP: U.S. Added Fewer Workers in May</a></p>
<blockquote><p>Companies in the U.S. added fewer workers than forecast in May, a sign that job growth is struggling to gain momentum, data from a private report based on payrolls showed today.</p>
<p>Employment increased by 38,000 last month, the smallest increase since September, from a revised 177,000 in April, according to figures from ADP Employer Services. The median estimate in the Bloomberg News survey called for a 175,000 advance for May.</p>
<p>Such gains in employment are insufficient to help the world’s largest economy accelerate after a surge in food and fuel costs earlier this year. Businesses added 207,000 jobs last month after a 268,000 gain in April and the jobless rate dipped to 8.9 percent from 9 percent, economists project a Labor Department report to show in two days.</p>
<p>“It is a warning shot across the bow that job growth is also weakening along with the other high frequency numbers,” Eric Green, chief market economist at TD Securities Inc. in New York, said in an e-mailed note to clients. “The weakness reflects a general slowdown and turn in sentiment that set in with the sharp rise in energy prices, disruptions from Japan, and to a lesser extent risk aversion stemming from the Greek fiasco.” </p></blockquote>
<p>George Santayana pipes in on Obamacare:</p>
<p><a href="http://www.telegraph.co.uk/health/healthnews/8551392/Health-Secretary-funding-crisis-threatens-the-NHS.html">Health Secretary: funding crisis threatens the NHS</a></p>
<blockquote><p>The National Health Service is facing a £20 billion-a-year funding black hole that will threaten its founding principles unless the Coalition’s controversial reforms are brought in to prevent it, the Health Secretary has warned.</p>
<p>In an article for The Daily Telegraph, Andrew Lansley says the core values of the NHS are under threat as never before from a “financial crisis” that will see annual health spending double to £230 billion a year without urgent reform.</p>
<p>While insisting he would never privatise the NHS, Mr Lansley warns that its future as a universal service, available to all and free at the point of use will be at risk “within years” if radical change is blocked. </p></blockquote>
<p>The abyss is staring at us straight into our eyes and only politicians fail to see it.</p>
<p><a href="http://www.cnbc.com/id/43236764/">Wall Street Baffled by Slowing Economy, Low Yields: Trader</a></p>
<blockquote><p>Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.</p>
<p>&#8220;What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,&#8221; he said. &#8220;They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.</p>
<p>&#8220;We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake.&#8221;</p></blockquote>
<p><a href="http://www.nationaljournal.com/housing-market-suffers-biggest-decline-in-16-months-20110531">Housing Market Suffers Biggest Decline in 16 Months </a></p>
<blockquote><p>The United States housing market has had a bad year.</p>
<p>Between March 2010 and March 2011, the market suffered its biggest year-over-year decline in 16 months. Property values in 20 cities fell to their lowest levels since 2003 with a 3.6 percent drop from March 2010 to March 2011, according to new figures from S&amp;P/Case-Shiller.</p>
<p>The figure is slightly worse than 25 economists surveyed by Bloomberg expected. That group expected a 3.4 perccent drop with a range of 2.8 percent to 4.9 percent.</p>
<p>Nationally, prices sank 5.1 percent in the first quarter from the same time in 2010 and 4.2 percent from the previous three months. It was the biggest one-quarter decrease since the first three months of 2009.</p></blockquote>
<p>Obama has implemented <a href="http://money.msn.com/saving-money-tips/post.aspx?post=c124f733-e80a-4582-b236-0128df523ab4">failing programs</a> which are merely prolonging the housing collapse and all that does is prolong the recovery. </p>
<p><a href="http://steadfastfinances.com/blog/2010/09/12/return-to-subprime-mortgages-hud-lowers-minimum-home-buyer-fico-score-to-500/">Sub-prime mortgages are making a return</a></p>
<blockquote><p>Depending upon your point of view, Housing &amp; Urban Development’s (HUD) recent decision on September 3, 2010, to lower new minimum credit scores and loan-to-value (LTV) ratio requirements for FHA-insured loans is either a genius financial decision to reduce a large inventory of empty homes and soon to be foreclosed homes, or it’s a monumental mistake about to bite us all in the backside by, once again, manipulating free markets to serve political agendas.</p></blockquote>
<p><a href="http://www.nytimes.com/2011/04/30/business/30currency.html">Geithner protects some derivatives from Dodd-Frank!</a></p>
<blockquote><p>
WASHINGTON (Reuters) — In what was characterized as a victory for business, the Treasury Department proposed on Friday that commonly used foreign exchange swaps and forwards should be exempted from rules intended to tighten oversight of other derivatives. </p></blockquote>
<p><a href="http://money.cnn.com/2011/04/12/news/economy/government_safety_net/index.htm">More Americans depend on food stamps than ever before</a></p>
<blockquote><p>NEW YORK (CNNMoney) &#8212; One in six Americans is receiving help from the government, just as fiscal austerity threatens to reduce some of that aid.</p>
<p>Soaring unemployment during The Great Recession has driven tens of millions of people to the dole. Enrollment in Medicaid and food stamp programs are at record highs, while unemployment insurance rolls remain at elevated levels. Many people depend on more than one program.</p></blockquote>
<p><a href="http://www.clickondetroit.com/news/28076959/detail.html">Experts: Gas Prices To Hit $5 A Gallon</a></p>
<blockquote><p>SOUTHGATE, Mich. &#8212; Gas prices could rise to $5 a gallon this summer, according to financial experts.</p>
<p>Goldman Sachs estimates oil could reach $135 a barrel by mid-July, with the corresponding price of gasoline hitting $5 a gallon.</p></blockquote>
<p><a href="http://news.yahoo.com/s/ap/20110601/ap_on_re_us/us_obama_autos_2">Obama saves Detroit courtesy of a $14 billion loss:</a></p>
<blockquote><p>WASHINGTON – The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.</p></blockquote>
<p>A $14 billion dollar loss is a success in Obamaworld. Obama saved auto unions and made the US taxpayer eat the legacy costs. </p>
<p>It&#8217;s like Doug Ross <a href="http://directorblue.blogspot.com/2011/06/hes-so-historic-were-on-verge-of-great.html">said</a>:</p>
<blockquote><p>If this Republic is to survive, we need to elect a president in 2012 who will operate using a playbook unknown to the Left:</p>
<p>The Constitution.</p>
<p>The document upon which politicians swear to the Creator to protect and uphold. And then, in the case of Barack Obama, promptly ignores.</p>
<p>The Constitution. Faith, family, individual liberty, private property rights.</p>
<p>Not big government, unchecked entitlements, mandated light bulbs and shower heads; not Europe-lite.</p>
<p>The Constitution. Thousands of years of human experience codified into a single document that created the greatest system of government ever seen on the face of the Earth. Not perfect, because no system is perfect, but the most perfect ever created.</p>
<p>We need to elect a president in 2012 that will protect all Americans, not the racial separatist groups, not the race-baiters, not the imploding welfare state addicts, not the politicians addicted to unlimited power. A president who will protect all Americans and, by logical extension, the American system of government itself.</p>
<p>It&#8217;s 2012 or never.</p></blockquote>
<p>Indeed.</p>
<p>We can&#8217;t blame Barack Obama for anything because he&#8217;s a democrat. </p>
<p>We can&#8217;t blame Barack Obama for anything because he&#8217;s a liberal.</p>
<p>We can&#8217;t blame Barack Obama for anything because his golf game is much better than when he was elected.</p>
<p>We can&#8217;t blame Barack Obama for anything because his net worth has jumped since he was elected.</p>
<p>There are more reasons we can&#8217;t blame Barack Obama for anything because it would be <a href="http://floppingaces.net/2011/05/18/democrats-theme-for-the-2012-election-barack-obama-vs-a-racist-reader-post/">racist</a>.</p>
<p>Obama&#8217;s 2012 election theme is </p>
<p><a href="http://www.voanews.com/english/news/usa/Obama-in-Chicago--Help-Me-Finish-the-Job-in-2012-119907079.html">&#8220;Help me finish the job&#8221;</a></p>
<p>It&#8217;s pretty clear what Obama means by <a href="http://www.cnbc.com/id/43236764">&#8220;finish the job.&#8221; </a></p>
<p><a href="http://floppingaces.net/2011/06/03/barack-obamas-political-epitaph-takes-shape-read-post/missionaccomplished43-3/" rel="attachment wp-att-61440"><img src="http://floppingaces.net/wp-content/uploads/2011/06/MissionAccomplished432-300x225.png" alt="" width="300" height="225" class="aligncenter size-medium wp-image-61440" /></a></p>
<blockquote><p>&#8220;We’re on the verge of a great, great depression.&#8221;</p></blockquote>
<p>The experiment is over. It&#8217;s a complete failure. It&#8217;s the economy, stupid, and there&#8217;s more to the economy than unions, Barry. There simply aren&#8217;t enough Osama Bin Ladens to offset a depression. There aren&#8217;t enough other evil despots to kill. </p>
<p>This country cannot survive another four years of Barack Obama.  </p>
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		<title>Obama to investigate the high gas prices he wanted [Reader Post]</title>
		<link>http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=obama-to-investigate-the-high-gas-prices-he-wanted-reader-post</link>
		<comments>http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/#comments</comments>
		<pubDate>Fri, 22 Apr 2011 19:00:05 +0000</pubDate>
		<dc:creator>DrJohn</dc:creator>
				<category><![CDATA[Auto Industry]]></category>
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		<guid isPermaLink="false">http://floppingaces.net/?p=58046</guid>
		<description><![CDATA[Yesterday Barack Obama <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&#38;SECTION=HOME&#38;TEMPLATE=DEFAULT&#38;CTIME=2011-04-21-16-29-39">promised</a> to get to the bottom of the skyrocketing oil price barrel.

<blockquote>RENO, Nev. (AP) -- President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon.</blockquote> <a href="http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><center><a href="http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/aaaaa-obamax-large/" rel="attachment wp-att-58092"><img src="http://floppingaces.net/wp-content/uploads/2011/04/aaaaa-obamax-large.jpg" alt="" title="Obama&#039;s Speech On High Gas Prices" width="490" height="368" class="aligncenter size-full wp-image-58092" /></a></center></p>
<p>Yesterday Barack Obama <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2011-04-21-16-29-39">promised</a> to get to the bottom of the skyrocketing oil price barrel.</p>
<blockquote><p>RENO, Nev. (AP) &#8212; President Barack Obama said Thursday that the Justice Department will try to &#8220;root out&#8221; cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline&#8217;s surge to $4 a gallon.</p></blockquote>
<p>Apparently Obama just learned that high gas prices cost more than lower gas prices.</p>
<blockquote><p>Obama, decrying such levels as yet another hardship &#8220;at a time when things were already pretty tough,&#8221; said Holder was forming the Financial Fraud Enforcement Working Group.</p></blockquote>
<p>There&#8217;s no evidence of fraud, so Obama&#8217;s going to investigate fraud.</p>
<blockquote><p>Given that no evidence has yet surfaced of actual fraud or price manipulation in oil markets, Obama&#8217;s remarks appeared, at least in part, as more of an attempt to assuage public anger over rising gas prices.</p></blockquote>
<p>Ya think?</p>
<p>Maybe he ought to have a close look at this guy talking to John Harwood. Harwood interviews the guy who supports higher gas prices.</p>
<p><a href="http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/"><em>Click here to view the embedded video.</em></a></p>
<p>Or maybe he should investigate this guy. </p>
<p><a href="http://floppingaces.net/2011/04/22/obama-to-investigate-the-high-gas-prices-he-wanted-reader-post/"><em>Click here to view the embedded video.</em></a></p>
<p>This is the guy who said that government price signals should be used to change behavior. He also admitted that his electricity plans are simply a means of wealth redistribution.</p>
<p>Obama said that coal-powered cars would become <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2011-04-21-16-29-39">cheaper</a></p>
<blockquote><p>Asked by a member of the audience about prospects for advancements in clean energy, Obama predicted that, with time, prices of now-expensive devices such as electric cars would come down.</p></blockquote>
<p>Obama used flat screen TV&#8217;s as an example</p>
<blockquote><p>&#8220;Having a flat-screen TV used to be a big deal,&#8221; Obama said. But he said now such TVs are commonplace because prices have dropped so much.</p></blockquote>
<p>Without any interference from the frickin&#8217; government, thank you.</p>
<p>Maybe if Obama quadruples the <a href="http://www.forbes.com/2011/03/16/chevy-volt-ayn-rand-opinions-patrick-michaels.html">subsidy</a>&#8230;.</p>
<blockquote><p>The Chevrolet Volt is beginning to look like it was manufactured by Atlas Shrugged Motors, where the government mandates everything politically correct, rewards its cronies and produces junk steel.</p>
<p>This is the car that subsidies built. General Motors lobbied for a $7,500 tax refund for all buyers, under the shaky (if not false) promise that it was producing the first all-electric mass-production vehicle.</p></blockquote>
<p>Obama <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2011-04-21-16-29-39">loves </a>the Volt</p>
<blockquote><p>While acknowledging he doesn&#8217;t spend much time these days behind the wheel, Obama said, &#8220;I&#8217;ve been in one of these Chevy Volts. This is a nice car. It drives well.&#8221;</p></blockquote>
<p>Heck, it&#8217;s a <a href="http://floppingaces.net/most_wanted/obama-motors-vehicle-burns-down-garage/">barn burner</a> for GM.</p>
<blockquote><p>    A fire apparently reignited inside the battery of a new Chevrolet Volt car early Monday, less than five days after the Volt, an electric hybrid, was involved in a blaze that destroyed a Barkhamsted garage where it had been plugged in for recharging.</p>
<p>Local authorities have been investigating whether Thursday’s blaze was sparked by the Volt, but had not yet determined a cause when the fire rekindled.</p></blockquote>
<p>Then Obama inexplicably <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2011-04-21-16-29-39">said</a></p>
<blockquote><p>He said when such vehicles become more affordable, &#8220;those of you out there driving that 8-mile-a-gallon SUV&#8221; should consider a purchase. Otherwise, by buying gasoline that likely came from imported oil, Americans &#8220;are putting money in the pockets of people who do not like us at all,&#8221; he said.</p></blockquote>
<p>Said the guy who just promised Brazil that the US would be <a href="http://floppingaces.net/2011/04/04/obamas-incoherent-oil-policy-reader-post/">Brazil&#8217;s best oil customer</a>.</p>
<p>Those in attendance paid <a href="http://hosted.ap.org/dynamic/stories/U/US_OBAMA?SITE=AP&amp;SECTION=HOME&amp;TEMPLATE=DEFAULT&amp;CTIME=2011-04-21-16-29-39">$38,500 apiece</a> to be there. Let&#8217;s also investigate what they drove to the fundraiser. I&#8217;ll bet not one of them drove there in a <a href="http://floppingaces.net/2011/04/08/obama-dont-like-gas-prices-just-buy-a-new-car-reader-post/">hybrid van</a>.</p>
<p>Obama is creating a distraction from the fact that this is precisely what he wanted to do to this country. Fortunately, liberals have no brain in which to store long term memory. To them this will all be new and Obama will be cheered for his snipe hunt.</p>
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		<title>Was Bush Right on TARP?</title>
		<link>http://floppingaces.net/2010/11/09/was-bush-right-on-tarp/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=was-bush-right-on-tarp</link>
		<comments>http://floppingaces.net/2010/11/09/was-bush-right-on-tarp/#comments</comments>
		<pubDate>Tue, 09 Nov 2010 14:00:19 +0000</pubDate>
		<dc:creator>Wordsmith</dc:creator>
				<category><![CDATA[Auto Industry]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Bush 43]]></category>
		<category><![CDATA[Bush Exceptionalism]]></category>
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		<guid isPermaLink="false">http://www.floppingaces.net/?p=48192</guid>
		<description><![CDATA[&#8220;I&#8217;ve abandoned free-market principles to save the free-market system,&#8221; - President George W. Bush, December 16, 2008 on CNN President George W. Bush signs the $700 billion US financial bailout bill in the Oval Office at the White House in &#8230; <a href="http://floppingaces.net/2010/11/09/was-bush-right-on-tarp/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><center><font SIZE=4><strong><em>&#8220;I&#8217;ve abandoned free-market principles to save the free-market system,&#8221;</em></strong></font><br />
- <a href="http://michellemalkin.com/2008/12/16/george-w-bushs-political-epitaph/">President George W. Bush</a>, December 16, 2008 <a href="http://hotair.com/archives/2008/12/17/bush-ive-abandoned-free-market-principles-to-save-the-free-market-system/">on CNN</a></center></p>
<p><center><a href="http://www.floppingaces.net/wp-content/uploads/wide-bush-bailout-cp-562826.jpg"><img src="http://www.floppingaces.net/wp-content/uploads/wide-bush-bailout-cp-562826.jpg" alt="" title="wide-bush-bailout-cp-562826" width="584" height="328" class="aligncenter size-full wp-image-48243" /></a><font SIZE=1>President George W. Bush signs the $700 billion US financial bailout bill in the Oval Office at the White House <a href="http://www.cbc.ca/money/story/2008/10/03/us-bail.html?ref=rss#ixzz14nSfcfme">in Washington Friday</a>. (Charles Dharapak/Associated Press)</font></center></p>
<p>Most conservatives just slapped their heads and groaned in consternation over the above statement; and probably also wanted to slap silly the president they&#8217;ve otherwise supported and defended for the last nigh 8 years in office.  </p>
<p>The Troubled Asset Relief Program was heavily criticized by many conservatives.   In light of the stimulus spendings and expansion of government under the current PotUS, some Americans even forget that <a href="http://www.cbsnews.com/8301-503544_162-20013452-503544.html">TARP was initiated under Bush and Paulson&#8217;s leadership, not Obama&#8217;s</a> (although he did support it, as a U.S. senator).</p>
<p>2 years later, in handling the 2008 financial crisis in the twilight of his presidency, was Bush right?<br />
<span id="more-48192"></span><br />
When the bill was being voted upon 2 years ago, I nervously and unconfidently <a href="http://hammeringsparksfromtheanvil.blogspot.com/2008/09/putting-politics-before-country.html">wrote this</a>:</p>
<blockquote><p>Republicans who stand opposed do so for ideological reasons: Let the free market run its course, and those who made bad decisions suffer the consequences of having made bad decisions. Democrats oppose the bill for ideological reasons as well, thinking this is a bail-out for Wall Street. Caught in the cross-fire of this mess, is all of the rest of us. If we simply stand aside and allow financial institutions to fail on free market principle, we will all suffer together for the mistakes of others.</p></blockquote>
<p>&#8220;Today&#8221;:</p>
<p><center><object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/6Iotxjt-0OA?fs=1&amp;hl=en_US&amp;rel=0&amp;color1=0x3a3a3a&amp;color2=0x999999"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/6Iotxjt-0OA?fs=1&amp;hl=en_US&amp;rel=0&amp;color1=0x3a3a3a&amp;color2=0x999999" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object></center></p>
<p><a href="http://townhall.com/tipsheet/MichaelMedved/2010/10/05/dont_confuse_bailout_with_stimulus">Medved</a> writes:</p>
<blockquote><p>&#8220;Two years after it began, the controversial TARP program—the bailout of the financial system—concludes operations with much-better-than expected results. Most money invested in the rescue has been repaid, often with interest: of the $700 billion originally authorized, taxpayers remain on the hook for less than $66 billion, according to the Treasury Department.</p>
<p>This shows the Bush Bailout starkly contrasting with Obama&#8217;s Stimulus, which authorized $864 billion in spending, with no pay back. The stimulus permanently shifted money from private sector to government, while TARP temporarily transferred funds from public to private sector. TARP was also bipartisan: most Congressional Republicans supported it, while the stimulus drew united GOP opposition from 214 of 217 Republicans then in Congress.</p>
<p>Short term loans to save private businesses may be debatable but long-term explosions of spending to grow government are always disastrous.&#8221;</p></blockquote>
<p>Latest bailout loss estimate:  <a href="http://www.nytimes.com/2010/10/06/business/economy/06tarp.html">$29 billion</a>.  </p>
<p><a href="http://www.bloomberg.com/news/2010-10-20/bailout-of-wall-street-returns-8-2-profit-to-taxpayers-beating-treasuries.html">Wall Street Bailout Returns 8.2% Profit Beating Treasury Bonds</a>:</p>
<blockquote><p>The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns than yields paid on 30- year Treasury bonds &#8212; enough money to fund the Securities and Exchange Commission for the next two decades.</p>
<p>The government has earned $25.2 billion on its investment of $309 billion in banks and insurance companies, an 8.2 percent return over two years, according to data compiled by Bloomberg. That beat U.S. Treasuries, high-yield savings accounts, money- market funds and certificates of deposit. Investing in the stock market or gold would have paid off better.</p>
<p>When the government first announced its intention to plow funds into the nation’s banks in October 2008 to resuscitate the financial system, many expected it to lose hundreds of billions of dollars. Two years later TARP’s bank and insurance investments have made money, and about two-thirds of the funds have been paid back.</p></blockquote>
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		<title>Nature&#8217;s Way</title>
		<link>http://floppingaces.net/2010/09/16/natures-way/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=natures-way</link>
		<comments>http://floppingaces.net/2010/09/16/natures-way/#comments</comments>
		<pubDate>Fri, 17 Sep 2010 00:57:17 +0000</pubDate>
		<dc:creator>Skook</dc:creator>
				<category><![CDATA[Auto Industry]]></category>
		<category><![CDATA[Culture of Corruption]]></category>
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		<guid isPermaLink="false">http://www.floppingaces.net/?p=45212</guid>
		<description><![CDATA[]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p><center><a href="http://www.floppingaces.net/wp-content/uploads/070909_moosecalf.jpg"><img src="http://www.floppingaces.net/wp-content/uploads/070909_moosecalf.jpg" alt="" width="500" height="336" size-full wp-image-45234" /></a></center></p>
<p><strong>A newborn <a href="http://www.sitnews.us/0709news/070909/070909_ak_science.html">moose calf</a> rests and takes a look at the world.</strong></p>
<p>It was 1981, during the Spring in the wee hours of daylight, I was driving West of Chetwynd, BC to work on some cayuses and broom tails (both are benevolent names for Peace River Horses).  The truck I was driving, an &#8217;81 Ford F350 is sitting in the yard and still needs the bodywork done to be considered completely rebuilt, the economy fell down the outhouse hole and Obama was elected just before I finished the truck. </p>
<p>This is one of my favorite times of the day, watching the early morning mists being burned off by the sun.  Yet the peacefulness of the idyllic mountains belies the dangerous run off that is thundering just beyond the trees in every stream and river.  The turbulence will kill the unwary, the stupid, and the foolishly brave, one of the most enduring parts of Mr Darwin&#8217;s theory that is unarguable, nature will cull the stupid from the gene pool.</p>
<p>I topped a hill and caught a rare glimpse of nature in a high meadow only twenty yards from the road.  A <a href="http://alaskan-adventures.com/alaska-moose.htm">cow moose</a> had just dropped a baby calf, it was steaming and standing up within five seconds of hitting the ground.  There was a coyote to her left and one to her right, but she stood still with her legs locked and didn&#8217;t move.  In a few more seconds I saw why, a second calf was dropped to the ground.  This one didn&#8217;t look as strong and took a little longer to stand.  The cow was expelling the placenta and charging the coyote on her left.  </p>
<p>I picked up my 8 mm Mauser and pointed it out the window.  It would have been an easy shot to drop at least one of the coyotes and then the second if he hesitated a moment too long, but something told me to let this play out.<br />
<span id="more-45212"></span></p>
<p>The cow only made a show of charging the first coyote before she turned and charge the second with her mouth open and her teeth showing.  She had now expelled both the placentas, but there would be no time for eating them, this was an epic struggle for the survival of the calves.  Both calves were up and testing out their legs, they were about twenty five pounds each with long gangly legs that had enormous knees and feltlocks.  There was no time to waste and they were wasting none.  The cow would charge one coyote and the other coyote would rush in to grab a calf.  It was a major battle and the cow was really good, but if her timing was off or she stumbled, she&#8217;d lose one or both of her calves.</p>
<p>Moose don&#8217;t kick like horses or mules, they use their sharp front hooves to spear and deliver a lightening strike by one of those front legs can destroy the organs of a wolf or split a wolf&#8217;s head in half.  These were coyotes, a much lesser animal than the wolf, but still more than capable of stealing one or both of these calves.  It is commonally accepted that a battle between a bull moose and a single wolf is even money on who will win.  Contrary to the myths perpetuated on nature channels and fanciful novels, wolves are ultimate sportsmen and will singly challenge a black bear or a bull moose for the sport itself, knowing that death is the loser&#8217;s reward. </p>
<p>A coyote pelt has no value for the trapper in the spring or summer, so I didn&#8217;t have an ulterior motive for shooting the coyotes.  Greed was their problem; normally, they would have been happy to drive the cow moose away before she had a chance to eat the placentas, that would have filled their bellies; but they wanted the whole enchilada or should I say two moose calf burritos.</p>
<p>The moose will eat the placentas for two reasons that I have surmised, larger predators will not scent the blood and be attracted to the birthing site and the trail of the new born.  It is also logical to assume that the cow receives nutritional benefit or anti-bodies from the placenta.  This is based solely on my personal observation of ranch animals and animals in the wild.</p>
<p>After several rushes by the coyotes, they were each getting closer to the helpless calves and the cow seemed to know when her calves were ready to travel.  She stood over the calves and started moving at a fast walk, the calves stayed directly under her belly and her huge legs didn&#8217;t knock them down as she increased her speed with every stride.  The coyotesfollowed for a short distance hoping that one of the calves couldn&#8217;t keep up, but within fifty yards the cow was in a ground covering pace and covering ground at an unbelievable rate, the little calves were still under her belly running without a care in the world.</p>
<p>Let me say, I am grateful to have witnessed this vignette of nature and I am thankful not to have been overly tempted to intervene with my rifle.  There were several dynamics at work here and there are analogies to our economy.  If a coyote was clearly going to get a calf and I shot him or if I had prematurely shot them in some misplaced notion of being the great equalizer in all matters, the cow may have been frightened and left her new born calves to die of exposure and starvation.  So what seems like the most natural intervention may have doomed both the calves.  Rifles have a loud report, especially when the barrel is pointed in your direction and animals have no comprehension of this terrible noise, it is a horror show to them.  If one of the calves was born weak or physically impaired, nature&#8217;s way would have been for it to be <a href="http://www.alaskaphotographyblog.com/2010/06/wolf-pack-kills-moose-calf/">pulled down </a>and for the cow to be giving all her milk to the stronger calf.</p>
<p>Fortunately, for me, the cow moose, and the calves, everything went well and they have since produced many generations of calves that can hit the ground running: that is what makes the species or the economy strong.  Intervening in an economy and keeping weaker entities alive only weakens the economy and allows sloth and poor management to continue.  </p>
<p>The Obama Administration or rather Mr Obama, nationalized <a href="http://www.businessweek.com/bwdaily/dnflash/content/may2009/db20090531_215218.htm">General Motors</a> (hence forth known as Government Motors) and Chrysler.  Dissolved the stock and bond ownership and gave priority and ownership to the unions, to further interfere they began micromanaging by using nepotism to install political hacks as <a href="http://open.salon.com/blog/lonnie_lazar/2009/06/11/obamas_gm_appointment_is_the_death_of_hope">CEOs</a> and board members.  The nepotism was carried to bizarre lengths by dissolving dealerships that were not loyal Democrats and contributors.</p>
<p>The end result has been catastrophic, first and foremost investors will never have confidence in any business that is on the ropes, why invest when Obama will come in and seize all investments?  Consequently, Government Motors will be a continual drag on the government, because no investor will be likely to invest in the future of car companies being managed by a president.  Of course the effects have trickled down to the retail market, only Democrats and a few people who can&#8217;t resist a bargain will buy a Government Motors car and that isn&#8217;t likely to be a big enough market to sustain that industry.</p>
<p>In a larger sense, destroying consumer confidence is one of the most damaging effects of government intervention and we are seeing the results like ripples on a quiet pond after a large rock has been thrown in the pond.  Unfortunately, these ripples aren&#8217;t dissipating, they just keep coming and consumers hold on to their money and the economy starts it death rattle while President Obama looks for even more ways to jump start the economy.      </p>
<p>Apparently, spending over $800,000 to study <a href="http://www.alternativeright.com/main/blogs/malinvestments/stihie-stimulus-money-for-african-genital-washing/">genital washing </a>after sex in Africa didn&#8217;t have much effect on the economy, but it no doubt stimulated the libido of a few Democrat perverts.</p>
<p>Letting the market forces play out and not being overly concerned with union pensions will do more to establish consumer confidence, like letting the strong moose calves depend on instinct and strength to survive rather than firing a rifle and destroying the balance of nature or of the naural business cycle.  Despite the high mortality rate for moose calves from predators, the species is strong and flourishing: American business could also be strong if allowed to participate in a Free Market without the specter of Obama and his Socialist hegemony.</p>
<p>America&#8217;s business vitality can never recover until Obama is out of office, he has ruined confidence in America&#8217;s Free Market system, because it no longer exists in the Obamanation. </p>
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		<title>Obama Knew He Was Killing Thousands Of Jobs With Drilling Ban &#8211; Went Ahead With It Anyway</title>
		<link>http://floppingaces.net/2010/08/23/obama-knew-he-was-killing-thousands-of-jobs-with-drilling-ban-went-ahead-with-it-anyway/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=obama-knew-he-was-killing-thousands-of-jobs-with-drilling-ban-went-ahead-with-it-anyway</link>
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		<pubDate>Tue, 24 Aug 2010 01:37:28 +0000</pubDate>
		<dc:creator>Curt</dc:creator>
				<category><![CDATA[Auto Industry]]></category>
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		<guid isPermaLink="false">http://www.floppingaces.net/?p=44054</guid>
		<description><![CDATA[Two months ago Federal Judge Martin Feldman threw out the Obama ban on deep-water drilling citing the huge effects this ban will have on the regions economy: The court is unable to divine or fathom a relationship between the findings &#8230; <a href="http://floppingaces.net/2010/08/23/obama-knew-he-was-killing-thousands-of-jobs-with-drilling-ban-went-ahead-with-it-anyway/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<!-- google_ad_section_start --><p>Two months ago Federal Judge Martin Feldman <a href="http://documents.nytimes.com/injunction-on-deepwater-drilling-moratorium#document/p1" target="_blank">threw out</a> the Obama ban on deep-water drilling citing the huge effects this ban will have on the regions economy:</p>
<blockquote><p>The court is unable to divine or fathom a relationship between the findings and the immense scope of the moratorium.</p>
<div style="text-align: center;"><span style="font-size:180%;">~~~</span></div>
<p>The blanket moratorium, with no parameters, seems to assume that because one rig failed and although no one yet fully knows why, all companies and rigs drilling new wells over 500 feet also universally present an imminent danger.</p>
<div style="text-align: center;"><span style="font-size:180%;">~~~</span></div>
<p>An invalid agency decision to suspend drilling of wells in depths over 500 feet simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in the country.</p></blockquote>
<p><a href="http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704488404575441760384563880.html" target="_blank">A new report today</a> from the Wall Street Journal not only backs up Feldman&#8217;s claim of a destroyed economy, but also describes how Obama knew&#8230;.absolutely KNEW&#8230;.that tens of thousands of jobs would be lost and they still went ahead with the ban anyway: <span id="more-44054"></span></p>
<blockquote><p>Senior Obama administration officials concluded the federal moratorium on deepwater oil drilling would cost roughly 23,000 jobs, but went ahead with the ban because they didn&#8217;t trust the industry&#8217;s safety equipment and the government&#8217;s own inspection process, according to previously undisclosed documents.</p>
<p>Critics of the moratorium, including Gulf Coast political figures and oil-industry leaders, have said it is crippling the region&#8217;s economy, and some have called on the administration to make public its economic analysis. A federal judge who in June threw out an earlier six-month moratorium faulted the administration for playing down the economic effects.</p>
<p>After his action, administration officials considered alternatives and weighed the economic costs, the newly released documents show. The Justice Department filed them in a New Orleans court this week, in response to the latest round of litigation over the moratorium.</p>
<p>Spanning more than 27,000 pages, they provide an unusually detailed look at the debate about how to respond to legal and political opposition to the moratorium.</p>
<p>They show the new top regulator or offshore oil exploration, Michael Bromwich, told Interior Secretary Ken Salazar that a six-month deepwater-drilling halt would result in &#8220;lost direct employment&#8221; affecting approximately 9,450 workers and &#8220;lost jobs from indirect and induced effects&#8221; affecting about 13,797 more. The July 10 memo cited an analysis by Mr. Bromwich&#8217;s agency that assumed direct employment on affected rigs would &#8220;resume normally once the rigs resume operations.&#8221;</p></blockquote>
<p>Knowing Obama as we do now he probably figured these 23,000 people would be better off getting unemployment checks.  What better way to get them hooked on federal freebies while gaining some Democrat votes right?</p>
<p>Yeah, I&#8217;m being deliberately sarcastic, but you get my point.  The oil leak was bad, but nowhere bad enough to ruin a regional economy like they did.  </p>
<p>We can&#8217;t be shocked after <a href="http://michellemalkin.com/2010/07/21/dealergate-social-justice-the-obama-job-killing-machine/" target="_blank">he killed thousands of auto dealership jobs</a>:</p>
<blockquote><p>Everything you need to know about the nightmare of government-controlled businesses can be found in a damning new inspector general’s report on Dealergate. The independent review of how and why the Obama administration forced Chrysler and General Motors to oversee mass closures of car dealerships across the country reveals grisly incompetence, fatal bureaucratic hubris and Big Labor cronyism. No wonder you won’t hear much about the report’s in-depth details in the so-called mainstream media.</p>
<p>Under the guise of “saving” the American auto industry through a bipartisan, taxpayer-funded bailout now topping $80 billion, President Obama’s know-nothing bureaucrats pushed the car companies to eliminate thousands of jobs — with unjustified haste using dubious economic models.</p>
<p>Obama ordered the bailout recipients to “prove” their long-term viability by submitting restructuring plans. But White House and Treasury Department “experts” rejected the auto manufacturers’ proposals, citing the too-slow pace of their plans to reduce their dealership networks over a period of five years. Once the auto companies modified those plans to meet government-backed timelines, the money flowed.</p>
<p>But Neil Barofsky, the federal watchdog overseeing the bank-auto-insurance-all-purpose bailout fund, found that the White House auto industry task force and the Treasury Department “Auto Team” had no basis for ordering the expedited car dealership closure schedules. They relied on a single consulting firm’s internal report recommending that the U.S. companies adopt foreign auto industry models to increase profits — a recommendation hotly disputed by auto experts who questioned whether foreign practices could be applied to domestic American dealership networks.</p>
<p>Team Obama’s government auto mechanics also ignored the economic impact of rushing those closures. According to Barofsky, they discounted counter-testimony from industry officials that “closing dealerships in an environment already disrupted by the recession could result in an even greater crisis in sales.”</p></blockquote>
<p>What did the Inspector General find?</p>
<blockquote><p>(A)t a time when the country was experiencing the worst economic downturn in generations and the government was asking its taxpayers to support a $787 billion stimulus package designed primarily to preserve jobs, Treasury made a series of decisions that may have substantially contributed to the accelerated shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls — all based on a theory and without sufficient consideration of the decisions’ broader economic impact.</p></blockquote>
<p><a href="http://michellemalkin.com/2010/07/21/dealergate-social-justice-the-obama-job-killing-machine/">Michelle found a quote</a> from the <a href="http://www.floppingaces.net/wp-content/uploads/Factors-Affecting-the-Decisions-of-General-Motors-and-Chrysler-to-Reduce-Their-Dealership-Networks-7_19_2010.pdf" target="_blank">TARP IG report</a> (PDF) that details Obama&#8217;s thinking on all this.  From the drilling moratorium, to the auto dealership closures, to pretty much every Socialist decision made by him:</p>
<blockquote><p>&#8230;no one from Treasury, the manufacturers or from anywhere else indicated that implementing a smaller or more gradual dealership termination plan would have resulted in the cataclysmic scenario spelled out in Treasury’s response; indeed, when asked explicitly whether the Auto Team could have left the dealerships out of the restructurings, Mr. Bloom, the current head of the Auto Team, confirmed that the Auto Team ‘could have left any one component (of the restructuring plan) alone,’ but that doing so <strong>would have been inconsistent with the President’s mandate for </strong><strong>‘shared sacrifice.’</strong></p></blockquote>
<p>Along the way this President has had to demonize one piece of the puzzle to get his way.  </p>
<p>Immigration &#8211; Arizona<br />
Banking &#8211; Business<br />
Auto Industry &#8211; Toyota<br />
Cap &#038; Trade &#8211; Oil Leak</p>
<p>And it&#8217;s worked.  He got his way.</p>
<p>Isn&#8217;t working <a href="http://www.gallup.com/poll/142634/Obama-Weekly-Job-Approval-Average-New-Low.aspx">out too well for him</a> in the long run tho.</p>
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