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9:55 am CST - January 27, 2012

Posted under The Scoop

Obama’s Speech: Did I Hear That Right?

By Clark S. Judge 

Texas Insider Report: Washington, DC – It sounded like such a soft, even conservative speech. But let me get this straight: 1) Banks will be punished (do I understand this right, by a committee headed by Eric Holder?) if their lending is too risky, and … 2) They will be required (by the same committee) to give more home loans (meaning, it must be, to people who would otherwise not qualify for the loans, or else the government would not have to be involved) at lower rates (which means rates that do not compensate them as much as the market says they need to be compensated for the risks they are taking, all of which sounds like a new edition of the policies that brought on the financial collapse).

This leads to 20 more “let me get this straights”.

So continuing, if 1 and 2 are true, that

3) must mean that they will have to pull back on risky lending someplace other than homes,

4) the only place that most banks would be able to pull back on riskier customers would be loans to small and new businesses,

5) but these are the businesses that have created just about all the jobs over the last 20 years and he said early in the speech he wants to encourage them,

6) so maybe their growth capital will come from selling stock to the kinds of people who invest in new and small businesses,

7) but through the Buffet Rule he’s going to double the tax rate on investment income for those people, meaning that, like the banks, they can’t be fully compensated for the risk of backing small and new businesses,

8 ) so they will not invest more in small and new companies but in big established firms,

9) so more of those small and new firms will have to turn to the government for capital,

10) which luckily he said would up its investing in early stage businesses with “the best” ideas,

11) “the best” ideas meaning, I guess, as with Solyndra, ideas that advance his agenda through companies whose owners support his candidacy,

12) or maybe it would be companies that agree to invite unionization (since the unions have failed to organize the new and dynamic sectors of the economy, which is why they have been shrinking),

13) but then with the big businesses, he wants to punish American companies if they invest overseas,

14) and he wants to increase exports,

15) but being competitive in the global markets often means having part of your production near your markets, which is why many companies have opened production facilities abroad and many foreign companies (BMW and Honda, for example) have opened their facilities here,

16) so he’ll make these companies less competitive, meaning less able to export anything that might be paired with some other product the company makes abroad in order to attract buyers,

17) and it also means he’ll have the U.S. ignoring many of the international trading rules of which we have been the principal sponsor since the end of WWII, rules that have led to an incredible growth in widely shared wealth all over the planet,

18) which means that, if he follows through, he’ll blow up the post-WWII global economic system,

19) which in the very short run may help the uncompetitive American labor unions but in the not-so-long run would devastate every economy on earth,

20) but it would also mean he would be in a position to decide where big companies could invest, and when, just as he’ll be in control of all new and small businesses, too,

21) meanwhile he is going to tell states and localities what their budget priorities should be,

22) and make them adopt his policies for running their schools, leaving me to wonder, when he’s through, what won’t he control?

I believe that’s what I heard the president advocate Tuesday night. But one term I didn’t hear, maybe I missed it: “The Constitution.”

Then again, wasn’t he suggesting that, in brave times like these, we need to put aside those old rules.

Do I have this straight?

By Clark S. Judge <http://www.clarkjudge.org/author/cjudge/>  

6 Comments

CWJensen
12:24 pm CST
January 27, 2012

http://www.businessinsider.com/2011-gdp-2012-1

Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

CWJensen
12:27 pm CST
January 27, 2012

http://www.dailymail.co.uk/news/article-2092517/Obama-admits-presidency-flawed–claims-economy-stronger.html

However in an interview with ABC News’ Diane Sawyer last night, he said: ‘I second-guess constantly… I make a mistake, you know, every hour, every day.’

CWJensen
7:49 am CST
January 27, 2012

I think I shared this before BUT the words are GOLDEN and the individual that wrote is a TRUE PATRIOT and Visionary:
Hey guys,

In less than a week, South Carolinians will select a Presidential candidate with a new vision for America’s future. While I don’t yet know which candidate will receive my vote in the coming Presidential Primary, I do know what they need to represent. This past March, the Australian Prime Minister, Julia Gillard, addressed a joint session of Congress, speaking about the United States from an outsider’s perspective, while highlighting the greatness of America in a way that I haven’t heard from our current leadership in Washington. Ms. Gillard mentioned that when she was a child, she was sent home from school so that she could watch the United States land a man on the moon. In her address, she stated “I’ll always remember thinking that day: Americans can do anything,” and followed up with “I believe you can do anything still.”

Compare those words to the recent rhetoric coming from the present Administration which would rather divide Americans over their differences than unite them over a shared dream for a better nation. The United States is a great country, and it should not take a speech from the leader of a foreign country to remind us of this fact. The Declaration of Independence, that proclaimed our nation and its people to be free, changed the world forever. Americans were among the first to stand boldly and say that we are born with certain inalienable rights, and that those rights are given to us not by the government, but directly from our Creator. Americans have long rejected the Marxist notions that we are merely a part of the collective masses. Rather, we have embraced the truth that America is made up of free and unique individuals. That sense of individuality and freedom has set our nation and its people apart from everyone else in the world. Our free spirited nature has inspired us to “dream and to build, to fail and succeed.”

These difficult times have definitely fueled a sense of pessimism about America’s future. However, America didn’t need a bailout or a stimulus package to become the nation we are today. The American innovation that indeed changed the world can do so again if we allow it to work and work to inspire it. The strength of America isn’t our government but rather our faith in God, our work ethic and our belief in the American Dream.The next President of the United States needs to be bold. That person needs to inspire us to American greatness and exceptionalism, rather than apologize for that same greatness around the globe. I am absolutely convinced that we can restore America’s promise, but it will require a leader who can return our nation to its Founding Principles.

Our country deserves a President who can guide our people away from a future full of debt, doubt, and despair and towards a path of common sense, certainty and opportunity. The candidate who will receive my support will be the leader who reminds us that we can do anything, who inspires us to greatness, understands the premise behind the American Dream and plots a course for our nation that our Founding Fathers would be proud to follow. Prime Minister Gillard finished her address in March with: “There is a reason the world always looks to America. Your great dream – life, liberty and the pursuit of happiness – inspires us all… I firmly believe you are the same people who amazed me when I was a small girl by landing on the moon. On that great day I believed Americans could do anything. I believe that still.”

The Prime Minister understands what our Founders knew – that our greatness lies within the freedom of our people. Where some would turn to the power of bureaucracies to “manage” our economy, our nation needs to turn to its people and free them from the burdens of big government.In freedom and liberty our nation was born – it is only in freedom and liberty that we can be reborn as the greatest nation the world has ever known. The Presidential candidate who understands that and makes their stand on those issues will receive my support.

God Bless,

Jeff Duncan

Jeff Duncan is from Laurens, South Carolina and serves as the Congressman for the Third Congressional District. Jeff has been recognized as a defender of the Constitution, a fiscal conservative champion, and a protector of family values. Jeff is married to his high school sweetheart Melody, and they have three boys.

http://www.JeffDuncan.com

Christian Archer
10:16 am CST
January 27, 2012

I both hate and love that picture of Obama. I hate the arrogance and love the exposure of it.

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