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- Economy & Government
By: Wayne Brown
While eating my lunch today, I noticed that the local café had CNN on the television located on the wall nearby. The commentator was talking with a guest who was some purported expert in economics and the conversation was following the lines as to the many indicators out there at the present that point to economic improvement. I had to remind myself that this was CNN and likely some of the latest media propaganda spouted to convince the public that Obama has indeed saved the world. As a part of this hogwash, the commentator pointed out that the average American now has an “extra” $40 in their pocket courtesy of President Obama and his efforts to keep the payroll tax cut in place. Now the light was starting to come on.
If my memory serves me correctly, the payroll tax cut was put in place by George Bush who has received very little praise for it. I will give Obama his due in his effort to continue it all though the whole thing appears to be nothing more than a “bargaining chip” to grab the things he really wants out of Republicans. At any rate and regardless of where it stands today, it all began during the Bush Administration…the payroll tax cut was enacted and folks saw a reduced amount taken from their check each pay period.
Now, a bit of time has passed since that payroll tax cut was enacted. In that time, it is apparent to me that most Americans have likely found a way to spend or save or in some fashion dispose of their “average $40 savings” or to use a term coined by blues musician, B.B. King, “The Thrill is Gone”. That seems the logical conclusion so why would the commentator allude to someone being happy because they now have an extra $40 in their jeans? This is so typical of the distortions of the media in this country.
If I had a $40 improvement in my pay five years ago, I am not still celebrating that fact today. That is old news to me and the only thing that would be “new” news is the fact that someone wants to do away with that cut and increase my withholding by $40 or more. Obama didn’t give me $40 but he let me keep the $40 that I already spent. That is the truth of the matter yet this commentator wants to use the fact that folks have “an extra $40” to spend as a lever to economic improvement??? Please…that money was spent before the housing bubble crashed in 2008.
Average gasoline prices are headed over the $4 per gallon mark in most places and probably will exceed $5 in some regions. Could this be yet another sign of economic improvement? That translates to higher transportation costs in the trucking industry and for the railroads which move most of the commodities that we consume. Could that be yet another sign of economic improvement? Consumer confidence is still quite frail as some folks still worry whether their jobs will hold out or if the money they earn from their jobs will be enough to cover the basic needs of the family and still buy gasoline to go to and from work. Could that too be yet another sign of economic improvement?
The president is not worried for he has already outlined his plan to Congress for a new American economy that will stand the test of time. He scoffs at fuel prices and readily fires up his Boeing 747 to run off to Florida to deliver a speech on his energy plans while raising campaign funds on the side…all at taxpayer expense. The same speech could have been made in Washington using pictures from Florida. Of course the reason the president is not worried is because he is anticipating how much cheaper Air Force One will fly when powered by converted pond scum.
When will that be you ask? According to Obama, it will happen just as soon as we figure out how to do it. In the meantime, don’t let the need for fossil fuels bother you one little bit. After all, all you have to do is get in your car drive to work. As soon as more borrowed or printed funds become available, they will go into the “green hopper” for campaign fund processing at which time companies that process pond scum will emerge from the woodwork to grab those bundles of cash in anticipation of their upcoming and impending bankruptcy. But, for the moment, could you consider that as a positive sign that our economy is indeed on the mend?
The federal government is in the process of defining those military installations which will be either shutdown or combined into other operations. In some communities associated with those sites, the local military is a key element of their economic well-being. Those communities will need to find other alternatives to fire their economy because the military no longer has the budget to support such operations. While the rest of the government continues to grow and expand, our military bites the bullet and begins to collapse in the name of spending-cuts. Of course, one should not despair for this is surely a positive sign that our economy is certainly on the rise.
The president wants to selectively offer Corporate America a new lower tax rate all the way down to 28%. This sounds good on the surface until one finds out that he also intends to do away with the loop holes benefitting some aspects of corporate investment which in the past have been written off against taxes. Ultimately, Corporate America will end up paying more in taxes under Obama’s plan and also will end up investing fewer dollars in capital improvements due to changes in the tax laws. But, here again, all of this points to an economic upturn with companies flourishing and new jobs, is that not the case?
America needs to remember that the Democrats took control of the government in large part in January 2007 after the mid-term elections with a majority position in both houses of Congress. Obama completed the “hat-trick” in January 2008 and things headed south from that point forward as “The Stimulus Package” was unleashed on taxpayers followed shortly by the dreaded “Obama-Care” legislation that hangs above our heads now like a black cloud ready to unleash its financial wrath upon us in the near future. Pelosi orchestrated that move in the dead of night and on a weekend putting together the needed votes without so much as a discussion of the bill. Even Pelosi was smart enough to know that the contents of that bill could not be discussed until after it was passed.
Harry Reid maintained his choke-hold on the Senate trashing any bills that did not suit his needs and keeping them from ever coming to the floor for debate or consideration. He has blockaded all attempts of the Congress to meet its Constitutional obligation in creating a workable annual budget. Instead, he and Obama agree that temporary spending measures are all that is necessary to keep an out-of-control government in the money. This allows the system to be held hostage every 90 days or so while more spending is leveraged. Wow! With folks like this in elected office, how could America be in better hands? But, the media says that all of this insanity is resulting in an upturn in the economy which will likely mature in close proximity to Election Day. Will wonders never cease?
No President or Congress in our history has created such a train-wreck of a federal government in such a short period of time nor have any of them been so successful in sustaining that momentum. That success seems to come from an overwhelmingly large portion of the public that is so bathed in apathetic materialism that they cannot see the signs that their country is on a high-speed rail to hell with Obama at the throttle and his minions shoveling the coal. In fact, many of them are standing by the track cheering his efforts on as if to think that accomplishing his task will actually benefit them in the end. I sure hope they enjoy wearing drab colored uniforms and caps with red stars sewn on the front. This crowd is probably sitting in front of their televisions right now listening to the talking heads expressing awe as to our impressive economic turnaround…no reason to doubt it, after all, the liberal media reported it.
Dwight Eisenhower recognized the dangers of an overgrown, all powerful government and warned the American public of it as he departed the office of President. Ronald Reagan said it best in my opinion when he observed, “To sit back hoping that someday, someway, someone will make things right is to go on feeding the crocodile, hoping he will eat you last--but eat you he will.” The events which have taken place in this country since January 2007 have steadily driven us down this road where far too many of us “hope” that the crocodile will not eat us, but deep down inside we know the fearful truth that a government large enough to grant our wishes is also large enough to take away what we have. As governments expand; liberty and freedom shrink. Then one day you look up from your lunch and the newscaster is telling you what the government wants you to hear, “the economy is improving”. It must be true for it was reported by the media.
Over the course of the history of this country, two things have fallen from places of high esteem to a place lower than a snake’s belly in a wagon wheel rut. That would be the American media and those who call themselves “politicians”. One of them is willing to look you in the eye and distort the truth while the other is just plain out lying. One pumps the water and the other totes it. Our Founding Fathers intended for a free press to protect the citizens of this country from the politicians; not commiserate with them. But that is where we are today, most of the media has traded its soul to the devil for a seat up front near the power with all the promise of having the inside track so that through the process they scoop the competition and earn more advertising dollars. Sadly, it would be laughable if that were the extent of it. In truth, the media has a highly liberal bias and is driven to twist anything in the public eye to fit that inclination. That reaches way past greed and hinges on destruction.
So, while you are having dinner tonight, do not be surprised if you hear the commentator report, “the economy is on the upswing”. Even if you don’t feel that way, understand that they want and need to you to swallow that rationale hook, line, and sinker in the hope that you will run out to the polls in November and give this administration another liberal term in office.