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Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts

Tuesday, March 23, 2010

Elections Have Consequences


For the past year it has become the public mantra of Democratic Party politicians: "Elections have consequences." Whether they were talking about bailing out large corporations or taking over the banking, auto, and health care industries, that simple phrase has been their fallback position.

To some extent, that is true. When the nation elects a leader such as Barack Obama, the most liberal member of the U.S. Senate, it has definitely sent a message. A majority of the citizens of the United States spoke up in November of 2008 and sent the message that the direction the country was headed during the Bush years was not one that they wanted to continue following.

The American electorate sent a clear message for 'change' to Washington politicians at that point. The problem, however, and it is a big one for the Dems, is that the voters quite obviously wanted 'change' with a small 'c', not the "Change" that marked the Obama campaign's signature slogan.

What Obama was trumpeting was "fundamental change", a message that he banged home time and time again. The mass electorate heard those words and decided that he meant a simple change in direction, something they wanted indeed. What he actually meant was to change the very nature of what it meant to be America as a nation.

After winning election, Obama got his house in order, got his Democratic Party leadership organized, and then set out down the path towards that fundamental change from a democratic, capitalist society to a full-blown European-inspired socialist one. The American 'system' that had made us the envy of the world for generations had somehow "failed" in is words and needed to be almost completely trashed.

Problem was, the American public didn't go along for the ride. As the depth and scope of Obama's vision of change came into view and practice, as Dem national leaders like Nancy Pelosi in Congress and Harry Reid in the Senate began to push the legislative agenda, it became crystal-clear to Americans that socialism was the order of the day.

The Democrats were making a fundamental political mistake, one that the Republicans had made a couple of times in the last couple of decades. They assumed that their election to power now gave them a mandate for major changes to America, and they began to institute those major changes.

Quickly, the American public began to voice their concerns. In every major public opinion poll, the public shouted at the top of it's lungs for the Dem leadership to slow things down. Some changes were needed to the system, yes. But almost no one wanted socialist restrictions and control to replace democratic capitalism's freedom and liberty.

Socialism has failed everywhere that it has every been tried on earth. The reasons are quite simple. Taking away incentives from individuals to work harder, to dream bigger, to achieve more results in less production. Citizens come to rely on their government to provide for them. Eventually, the government can no longer do so, because it simply lacks the resources.

You cannot possibly tax individuals and businesses enough to sustain government control. And let's face it, that is the only place that government gets it's money. Government is, in fact, you and I. We pay into the system to keep it functional. We elect people to run things as our representatives. In a socialist system, those representatives just keep raising and raising our taxes to take on more and more control over our everyday lives.

Eventually a system such as the Obama administration is attempting to install will collapse on itself because it is economically unsustainable. But before it does, society will degenerate into a mess of ennui and disillusionment, or worse. If those who have control in a socialist system see that control slipping away, their response has often been to use force to remain in power. They change the laws and keep themselves in the life boats to protect their own interests as the ship sinks around them.

Many Americans did understand that this would be the direction that Obama and the leading Dems would take once in power. Those are the tens of millions who voted against them. They are now being joined by the millions 'in the middle', those Americans who wanted the small 'c' of 'change', not the capital 'C' of Obama's socialism.

Yes, Democrats, elections have consequences. However, what you are failing to remember is the lessons of politicians and Parties past. That there is always another election coming. This November, Americans will again go to the polls. All signs point to the Dems losing control of Congress, which will seriously cripple Obama's ability to continue his agenda.

Obama and Pelosi and Reid have led America down this path of 'Change' at full speed, recklessly disregarding the public's wishes time and time again. Reid and many of his Dem leadership co-horts will undoubtedly pay the price in the Fall of 2010. They will pay that price because, despite their election victories in 2006 and 2008, they are now ignoring the American electorate in 2010.

Now is a time of opportunity for the Republican Party to reassert itself, but it must be willing to return to basic American principles of democracy, capitalism, and traditional exceptionalism in order to take full advantage. The Republicans must reflect core American values, pledge a change in direction to fiscal sanity and responsibility, and to fully and effectively preserving and defending our nation and it's founding principles.

In the fall of 2010, the Democrats will be reminded that elections do indeed have consequences. When they lose their control over Congress, their control over the purse strings and the power and the direction, then they will cry and wail and moan. They will blame one another, point fingers, and become disgruntled. And they will have no one to blame but themselves, because elections do indeed have consequences, the next one as strongly as the last one.

Monday, September 28, 2009

Your Fair Share


There are a surprisingly large number of people in America who sincerely believe that they are not getting and so want their 'fair share' which leads to the question: what is your fair share?

What is it exactly that you are owed? And who owes it to you?

The first thing that we need to do before we can determine what your particular fair share is would be to define exactly what it is we are talking about.

What is it that you are missing out on that others are getting and that you deserve?

Tops on most people's list would be, of course, money. Are you getting your fair share of money? And if you don't think so, then why are you not getting your fair share? Who are you comparing yourself against? What do they do for a living? What do you do? Why do you deserve as much or more?

One area where you hear many folks complain about what others are earning is athletics, or entertainment. Why should a ball player or a singer or an actor make millions while you struggle every day at your difficult job and make five figures?

Well, first of all, how much do you generate in income with your production at your job, and how easy would it be to replace you right now, or in a short time?

Friday, July 10, 2009

Book Review: "Capitalism: A Love Story"


Michael Moore is a maker of documentary films for liberal values and anti-American causes, and his latest titled "Capitalism: A Love Story" is going to be no exception.

In this film, slated to be released in early Fall, Moore will attempt to portray capitalism as the root cause of the American and global financial meltdowns over the past couple of years, calling it "the biggest swindle in American history."

Let's give credit where it is due, Moore is good at his craft. He knows how to push all the right buttons, slice all the right video clips, edit all the right sound bytes, and basically tell a story in the way that his political views and values want that story told. You need a propaganda documentary made? Michael Moore is your man.

This is all well and good as long as you understand going into the theatre that this is what you will be paying your money to see: propaganda. One side of a story, told from a slanted view, through a tinted lens.

The fact is that greedy corporate tycoons and misguided politicians, flawed human beings, have been the problem, not our capitalist economic system.

Now if what you really want is the truth of the matter, explained in depth, with examples and in complete historical and political context, then what you want to do is pick up a copy of a book called "How Capitalism Saved America" by Thomas J. DiLorenzo.

In reading this enjoyable and educational book you will find out why DiLorenzo says "Free-market capitalism, based on private property and peaceful exchange, is the source of civilization and human progress."

Wednesday, April 15, 2009

Tea Parties Signal New American Revolt

On the night of December 16th, 1773, American colonists who had grown weary of British taxes on all sorts of goods boarded three ships in Boston harbor and dumped crate loads of taxed tea into the harbor waters. This protest against 'taxation without representation' became known down through history as 'The Boston Tea Party', and is considered a defining moment as the colonists moved towards declaring their Independence just two and a half years later.

Today is April 15th, and it is also the deadline for American citizens to file their income tax returns. All across the country, a new revolutionary movement has been building for months, and it will continue in over 500 locations across all 50 states with today's nationwide 'Tea Party' protest events.

What has ignited this grass-roots, web-based fire storm is the unprecedented turn towards a more massive government structure with greatly increased tax burdens for all American individuals and businesses. It is a bipartisan effort battling the situation that began with President Bush's $168 billion dollar 'stimulus' that has been taken to even worse levels by new President Barack Obama.

As was posted by The Heritage Foundation, "Americans have grown more and more wary of the ever expanding size and scope of the federal government." 

Friday, March 20, 2009

AIG: Angina-Inducing Greed

For those of you who may have just read the headlines and listened to the featured story blurbs on the news regarding insurance giants IAG with passing interest, I will try to give you a simplistic version.

Let's start with the basics. Who or what exactly is the American International Group?

Well, AIG is by their own information "a world leader in insurance and financial services" and "the leading international insurance organization with operations in more than 130 countries and jurisdictions."

Heady stuff, right? I mean, we are talking about the worldwide leader in insurance services and one of the largest financial services organizations on earth as well. We are talking here about the real money. Not just big money, but 'real' money. The kind of money that moves governments and shakes nations.

The folks at AIG are just one of many financial services companies that have undertaken huge losses and faced dire straights as the American economy has gone into reverse over the past year. They blame their particular problems largely on what are called 'credit default swaps" (CDS) in the industry.

Tuesday, September 23, 2008

$700 Billion Dollar Roller Coaster Quick-Fix


Our government is considering, and is at this moment negotiating, a $700 billion dollar package to 'rescue' the economy from what is being sold to us as certain ruin.

This 'ruin', of course, was completely and totally self-inflicted. Interest rates at historic lows combined with a loosening of lending policies, especially by mortgage companies, resulted in a number of bad loans to poor credit risks that was inevitably going to come crashing down around many people and companies.

Those who bet on an ever-expanding economy were right in the long run, because the fact is that over time the economy will likely expand, assets will increase in value, and investments will rise.

But some people also forgot that the economy takes ups and downs, much like a roller coaster, on the way to the ultimate thrill of an ending. Some people are going to get caught in a 'down', they are going to lose in the market. That is the risk involved in the ride, that every once in awhile one is going to run off the tracks and crash.

The ride is often a true thrill, because you have great highs where you soar, where your investments rise and you feel invincible as your account balances inflate. However, you also have to suffer the anxiety of the downturns.

The economy will adjust from time to time, weed out the bad, and hit that roller coaster dropoff. Your stomach may rise into your throat at this point, and you may even scream out of sudden fear for your safety, the safety of your assets in this case.

Wednesday, September 17, 2008

Greed is Not Good

"...Greed -- for lack of a better word -- is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind. And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA." - Michael Douglas as Gordon Gekko in "Wall Street"

The Catholic Church divided sin into two classes - venial sins, which were relatively minor, and the more serious cardinal sins, which became known classically as the 'seven deadly sins'. These were said to "destroy the life of grace" and brought the threat of eternal damnation on those who practiced them, unless absolved through a formal confession or forgiven through an act of perfect contrition by the offender.

One of these was the sin of 'Greed', which is seen as a sin of excess, and is applied in particular to the acquisition of wealth. It is closely aligned to avarice, which can manifest itself in bribery, robbery or theft by means of violence, trickery, betrayal, and even treason. It also covers the scavenging and hoarding of materials, as well as manipulation or abuse of authority.

In the film 'Wall Street', Michael Douglas' character Gordon Gekko delivered the above now-famous speech at a shareholder's meeting. Gekko was trying to woo shareholders to accept a bid that his company was making to takeover the Teldar Paper company.

Gekko's sales pitch highlighted that the current Teldar management was bloated, wasteful, and borderline incompetent. Either that, or they were intentionally abusing their positions to ensure their own personal gain, and those shareholders be damned.