Thursday, May 21, 2009

Obamanomics

Samuel Adams_John Singleton Copley


Yes folks that's right "Obamanomics". That is what I call the deliberately poor decision making coming from the Obama administration. The Obama administration has presided over a faltering US Economy since it's coronation back in January. Obama was left with a recession just as George W. Bush was left one by Bill Clinton. This recession would have been just severe had it been allowed to run it's course had there not been so much Obamanomic inference. The deliberate interference in the business cycle that the Obama administration has willfully perpetrated has taken a recession and turned it into a disaster. The government under the guise of helping the economy has hampered the recovery process by it's taking measures to prevent the markets of cleaning house all on it's own. Taking over the helms of the major banks and cutting pay for top executives may look good to the envy class that put Obama into office but it does nothing to help the recovery from a recession.

The government under the direction of Obama has overstepped it's constitutional authority by interfering with business instead of being the referee upholding the laws the govern business. How is it that the government now owns stock and controlling interest in the major banks and the automobile companies? Obama fired the CEO of GM even before the ink was dry on the deal to purchase GM's stock and become the defacto board of directors. The Obama auto task force has targeted over 700 Chrysler dealers for extinction under corrupted bankruptcy rulings demanded by the Obamanomics team. Each one of those dealers have many hard working people that will lose their jobs along with suppliers and other business that support each one of those dealers with parts, uniforms for mechanics, cleaning services for buildings and other related services that the community depends on for jobs. With one swipe of a pen Obamanomics has wiped out thousands upon thousands of decent paying jobs.

Then to ad insult to injury Chrysler had it's advertising budget slashed by the Obamanomics task force in order to appear as though it is saving money when that is last thing that should have been cut. Chrysler needed to reassure it's customers that if they bought a car or truck they wouldn't be left hanging out to dry and there would be support for their new vehicles. A coworker that was planning on buying a Chrysler minivan to use for his side business decided not to buy the Chrysler because of the uncertainty that the Obamnomics team has let flourish. This is why it is never wise to let government bureaucrats have anything to do with running any kind of business at all.

The government's duty was to enforce the laws that were made to make businesses deal fairly with customers, keep their books straight and pay the taxes that are levied and provide a stable environment for those businesses to do business. The government has gone completely outside the framework that the founders have laid down to prevent such things from happening. Our government is completely out of control and no longer responds to the will of the people and the Constitution that was written to keep the beast of tyranny at bay.

2 comments:

SusieQ said...

I'd like to know where Obama gets the authority to take over some of these corporations and tell the CEOs to take a hike. If Obama is oversteppng his powers then why isn't somebody taking him to court or some such thing. What is the procedure for stopping such abuse by an elected official? Impeachment?

I suppose the authority comes from the carrot he holds out to some of these firms. In other words, "Do what I say or no carrot for you."

What did you think of Obama's speech today? I thought Cheney did a smashing job. I hope he keeps it up.

J_G said...

Susie, Obama has usurped the authority he is using on thses businesses.. He has no authority to use taxpayer money to buy the preferred stock in GM and become the self installed CEO. This the kind of thing we see around the world in third world dictatorships. Hugo Chavez comes to mind when I see these kind of tactics being used.

Dick Cheney needs to keep the pressure on Obama. I think Cheney made Obama look quite ignorant and foolish about foriegn policy and the war on terror. Even the press had to concede Obama looked like a piker compared to the gavitas and authority Cheney carries on thse matters.