Just watched David Buckner pass out on Glenn Beck simply trying to explain the tax problems.We can't even talk about it without getting sick.The alcoholics rule applies here.You must admit you have a problem before you can fix it.The Obama nation is nowhere near that revelation.Tax reform can't even get off the ground without it.It doesn't matter whether we raise or lower taxes.This only changes how much of the spending is debt.You would need a balanced budget amendment for the tax level to have any effect.
This gets to the root of the problem.Spending,spending,spending.This has to become job 1.We talk about it being out of control but don't act.We talk about taxes being too high but our reform aims are at things like a flat tax or fair tax.These only work to more evenly distribute the tax burden across the population.Great stuff,but won't fix the problem.As an analogy for a consumer,let's say I keep eating out at Red Lobster regardless of what my commission check is each week.The only difference is how much I have to put on the credit card.I'm still over-spending because I shouldn't be eating there if I can't afford it.
It really is an amazingly simple solution.Unfortunately,we aren't all seeking a solution.Not if it takes away our power base.Which is an age old problem that the human race has always had to battle.It's great that we'll have the tea parties.But at some point we must direct our efforts at the real problem,our Government.Remember,our Government is by and for the people.We must take it back so it reflects our will.Many can't stomach the thought of real revolution,but if you think that those with the most to lose will take it laying down,then you've already lost.So,if you have the spine to step up to the plate and fight,then step aside and just enjoy what you're given.More to come...
Monday, April 13, 2009
Friday, April 10, 2009
Economists are in love with Obama also!
It must be a personal thing.I can see the stock pickers touting the bear rally as really a bull.They have skin in the game.Of course,the left will latch onto any positive economic nugget regardless of any basis behind it.For example,home sales are up slightly as they should be with the interest rates and values being dragged down by foreclosures in the area.This doesn't justify a homebuyers market rebound,just people taking advantage of the situation,which is great.
But many others,included noted economists,are jumping in with both feet to race to announce the worst is past and the recession will end by the end of fiscal 2009.They also have skin in the game with their reputations,so it's puzzling that they would throw caution to the wind and get on the bandwagon without sound facts to back them up.Does Obama's rockstar appeal even extend to these people?Do they think they can simply will a recovery by hoping and making brash statements?
If they're Keynesian based,they are locked into the false belief that the Obama policies can actually work.So they must simply ignore the facts and get behind Obama.If one takes into account all factors involved in the economy including fiscal,social and political,you can't come to any other conclusion than failure.You can argue how bad and how long,but when an economic policy is based in false premise,failure is certain.The numbers that are released simply re-inforce what you already know.
So,I get the liberals and the Obama faithful following the false prophet as they should.But the supposedly neutral economists?Apparently they can't leave their political bias out of their rationale either.I mean ,the numbers don't add up.It reminds me of a baseball hitter.He is considered a success when he fails 70% of the time.If you hit .300,you are going to make millions and be considered a good hitter.It's in the way it's presented or the eye of the beholder.Obama is doing the same with quadrupling the deficit and cutting in half and calling that a reduction.Like the store that raises the price 50% on Tuesday and has a 30% off sale on the weekend and you think you got a deal.
I sure hope to see a good turnout to tea party day.It has to be a success to springboard the major change in the publics activism required to really tackle the problem.They have to see some positive results before they jump on-board because they don't want to feel like a minority or extremist.Activism requires fair weather fans.More to come...
But many others,included noted economists,are jumping in with both feet to race to announce the worst is past and the recession will end by the end of fiscal 2009.They also have skin in the game with their reputations,so it's puzzling that they would throw caution to the wind and get on the bandwagon without sound facts to back them up.Does Obama's rockstar appeal even extend to these people?Do they think they can simply will a recovery by hoping and making brash statements?
If they're Keynesian based,they are locked into the false belief that the Obama policies can actually work.So they must simply ignore the facts and get behind Obama.If one takes into account all factors involved in the economy including fiscal,social and political,you can't come to any other conclusion than failure.You can argue how bad and how long,but when an economic policy is based in false premise,failure is certain.The numbers that are released simply re-inforce what you already know.
So,I get the liberals and the Obama faithful following the false prophet as they should.But the supposedly neutral economists?Apparently they can't leave their political bias out of their rationale either.I mean ,the numbers don't add up.It reminds me of a baseball hitter.He is considered a success when he fails 70% of the time.If you hit .300,you are going to make millions and be considered a good hitter.It's in the way it's presented or the eye of the beholder.Obama is doing the same with quadrupling the deficit and cutting in half and calling that a reduction.Like the store that raises the price 50% on Tuesday and has a 30% off sale on the weekend and you think you got a deal.
I sure hope to see a good turnout to tea party day.It has to be a success to springboard the major change in the publics activism required to really tackle the problem.They have to see some positive results before they jump on-board because they don't want to feel like a minority or extremist.Activism requires fair weather fans.More to come...
Thursday, April 9, 2009
G20 framework
The G20 nations released a communique stating their intent to strengthen the financial system dated 4-2-09.In the body they state that all nations will progressively adopt the Basel II capital framework.These are banking regulations designed to insure banks keep adequate capital on hand to guard against risk.
Sheila Bair is the FDIC chairman.In June,2007,she spoke out against Basel II stating:
"There are strong reasons for believing that banks left to their own devices would maintain less capital -- not more -- than would be prudent. The fact is, banks do benefit from implicit and explicit government safety nets. Investing in a bank is perceived as a safe bet. Without proper capital regulation, banks can operate in the marketplace with little or no capital. And governments and deposit insurers end up holding the bag, bearing much of the risk and cost of failure. History shows this problem is very real … as we saw with the U.S. banking and S & L crisis in the late 1980s and 1990s. The final bill for inadequate capital regulation can be very heavy. In short, regulators can't leave capital decisions totally to the banks. We wouldn't be doing our jobs or serving the public interest if we did".
You can be certain that she will now be in lockstep with Obama on promoting this new Financial Stability Board as a positive action in direct conflict with her previous statement.More to come...
Sheila Bair is the FDIC chairman.In June,2007,she spoke out against Basel II stating:
"There are strong reasons for believing that banks left to their own devices would maintain less capital -- not more -- than would be prudent. The fact is, banks do benefit from implicit and explicit government safety nets. Investing in a bank is perceived as a safe bet. Without proper capital regulation, banks can operate in the marketplace with little or no capital. And governments and deposit insurers end up holding the bag, bearing much of the risk and cost of failure. History shows this problem is very real … as we saw with the U.S. banking and S & L crisis in the late 1980s and 1990s. The final bill for inadequate capital regulation can be very heavy. In short, regulators can't leave capital decisions totally to the banks. We wouldn't be doing our jobs or serving the public interest if we did".
You can be certain that she will now be in lockstep with Obama on promoting this new Financial Stability Board as a positive action in direct conflict with her previous statement.More to come...
Tuesday, April 7, 2009
Obama providing opportunity?
George Soros is the bad guy?Big corporations are evil?The theme seems to be punish success.Spread the wealth.Now is not the time for profits says Obama.The fuzzy logic.
I certainly understand the politics of the Liberals in their quest to secure their voting block of Government dependent sheep.The view of the public is a bit more puzzling.Class envy accounts for many supporters.The haves and have nots.I was jealous of the guy that invented the pet rock as well.Why didn't I think of that?But I've always had the mindset that I wanted to see success out there.In the company I work for,I want those above me to have success because I know those options are out there for me down the road.
Soros is evil now just like any of the hedge fund guys that are profiting on the economic crisis.We really want everyone to share in our pain apparently.These premises are not good news.That means Americans want the dream to be out there,but in hard times we want everyone to go down with us.There goes the free market principles.If businesses can't fail due to mis-management and poor business models,we don't have a free market.We have fascism.
State sponsored capitalism is fascism.The Government over regulating and controlling all aspects of the market.If companies can become too big to fail and Government must backstop every downturn,the incentive for productivity and efficiency fails.Why make fiscally responsible decisions when you have nothing to lose?
If we have the same philosophy with success,we fail.If you can't succeed without being publicly scorned,would you invest and take risks that are required?If someone is sharp enough to make money off reading markets and trends to spot opportunities,I commend them,not shame them.There were plenty of warning signs and people who did sound the alarm on the housing crisis and all of it's related drama.It was ignored by most.
If we have slipped to the point where you can no longer achieve without guilt,then it's over.We might as well make Obama dictator and go sit in the corner.Let's hope that it's other factors.Blind loyalty,ignorance,defiance,drinking the kool-aid.All are preferable to the previous because you have hope of changing these.
Obama is providing a continuous stream of examples for people to rise up and revolt.As the stripping of our liberty continues,we either get to a tipping point and it all backfires on him,or there will be no turning back.For years,we have had policies that don't reflect our Constitution or our countries citizens best interests.Regardless of which party is in power.So,with Obama trying to hit the grand slam with his power grab,he may be doing us a favor by finally triggering action.
A recession is your neighbor losing his job.A depression is you losing your job.Tyranny is your Government providing your job.More to come...
I certainly understand the politics of the Liberals in their quest to secure their voting block of Government dependent sheep.The view of the public is a bit more puzzling.Class envy accounts for many supporters.The haves and have nots.I was jealous of the guy that invented the pet rock as well.Why didn't I think of that?But I've always had the mindset that I wanted to see success out there.In the company I work for,I want those above me to have success because I know those options are out there for me down the road.
Soros is evil now just like any of the hedge fund guys that are profiting on the economic crisis.We really want everyone to share in our pain apparently.These premises are not good news.That means Americans want the dream to be out there,but in hard times we want everyone to go down with us.There goes the free market principles.If businesses can't fail due to mis-management and poor business models,we don't have a free market.We have fascism.
State sponsored capitalism is fascism.The Government over regulating and controlling all aspects of the market.If companies can become too big to fail and Government must backstop every downturn,the incentive for productivity and efficiency fails.Why make fiscally responsible decisions when you have nothing to lose?
If we have the same philosophy with success,we fail.If you can't succeed without being publicly scorned,would you invest and take risks that are required?If someone is sharp enough to make money off reading markets and trends to spot opportunities,I commend them,not shame them.There were plenty of warning signs and people who did sound the alarm on the housing crisis and all of it's related drama.It was ignored by most.
If we have slipped to the point where you can no longer achieve without guilt,then it's over.We might as well make Obama dictator and go sit in the corner.Let's hope that it's other factors.Blind loyalty,ignorance,defiance,drinking the kool-aid.All are preferable to the previous because you have hope of changing these.
Obama is providing a continuous stream of examples for people to rise up and revolt.As the stripping of our liberty continues,we either get to a tipping point and it all backfires on him,or there will be no turning back.For years,we have had policies that don't reflect our Constitution or our countries citizens best interests.Regardless of which party is in power.So,with Obama trying to hit the grand slam with his power grab,he may be doing us a favor by finally triggering action.
A recession is your neighbor losing his job.A depression is you losing your job.Tyranny is your Government providing your job.More to come...
Sunday, April 5, 2009
Liberty-too big to fail!
With all of the discussion of late about which companies should be allowed to fail,where is the furor over the most important crime taking place?Our Government is stealing our liberty at an alarming pace.This argument used to belong to the conspiracy theorists.Today,you hear the New World Order spoken of matter of factly all over the media,one world currency is under consideration,industries are being nationalized.The Government is grabbing power as never before.
The tea parties will make their splash on tax day.After that,the budget will be passed and the loss of freedom will march on.I'd like to see as much attention paid to this.Why not a march on Washington on July 4th?Why not a freedom march?We do it for the planet or minority rights.Why not for the most important issue facing this country,bar none?We send an avalanche of e-mails and phone calls to our elected officials.The results are minimal.Congress still follows their own agendas regardless of what their constituents want.It could be largely solved at the ballot box,however,too many ignorant voters or party line voters make that impractical.
Rick Santelli of CNBC gets credit for starting the tea party revolution.It will probably take a spur of the moment type event to spark a liberty revolt.There is no limit to the information available to those who seek it describing the liberty theft.Bits and pieces are now mixed in with the nightly news.But it's still generally treated as an anomaly like UFO's or the next ice age coming.We are too many generations removed from the masses having reason to mistrust Government to the level required.
We seem to be victims of our own success.Americans have had it so good for so long,we naturally just take it for granted.When you ask someone why they have optimism for the economy to recover,the answer is usually just because it always has.I certainly understand not buying into any extremist conspiracy theories without evidence to back it up.Why ignore the evidence when it supports the alternative?
We haven't bottomed on mortgage values.Commercial mortgages and unsecured credit haven't hit yet.Employers will continue to shed workers for some time.Inflation awaits when the Fed must start raising the interest rates.You hear the Federal debt numbers thrown around.The interest will be an anchor for generations.I don't think people realize the magnitude of this.Even with the stimulus,some would throw out a total number including interest.That's only good if you can guarantee the yields on treasury securities and for how long?We pay no principal on the debt,just interest so it is in theory limitless.The fact is nobody can accurately forecast the interest payments,who will buy new debt or cash in the old,or any other factors globally which may require more debt to be added.Sure,we can print the money for the debt we can't sell,but the deflation of the dollar insures a limit on this as well.
What will hit first?The destruction of the dollar?The debt interest overwhelming the GDP?Depression?Nobody knows.Many have an agenda on how they want events to transpire.Will the trigger event take place to cause a revolution and delay this assault on liberty for another time?More to come...
The tea parties will make their splash on tax day.After that,the budget will be passed and the loss of freedom will march on.I'd like to see as much attention paid to this.Why not a march on Washington on July 4th?Why not a freedom march?We do it for the planet or minority rights.Why not for the most important issue facing this country,bar none?We send an avalanche of e-mails and phone calls to our elected officials.The results are minimal.Congress still follows their own agendas regardless of what their constituents want.It could be largely solved at the ballot box,however,too many ignorant voters or party line voters make that impractical.
Rick Santelli of CNBC gets credit for starting the tea party revolution.It will probably take a spur of the moment type event to spark a liberty revolt.There is no limit to the information available to those who seek it describing the liberty theft.Bits and pieces are now mixed in with the nightly news.But it's still generally treated as an anomaly like UFO's or the next ice age coming.We are too many generations removed from the masses having reason to mistrust Government to the level required.
We seem to be victims of our own success.Americans have had it so good for so long,we naturally just take it for granted.When you ask someone why they have optimism for the economy to recover,the answer is usually just because it always has.I certainly understand not buying into any extremist conspiracy theories without evidence to back it up.Why ignore the evidence when it supports the alternative?
We haven't bottomed on mortgage values.Commercial mortgages and unsecured credit haven't hit yet.Employers will continue to shed workers for some time.Inflation awaits when the Fed must start raising the interest rates.You hear the Federal debt numbers thrown around.The interest will be an anchor for generations.I don't think people realize the magnitude of this.Even with the stimulus,some would throw out a total number including interest.That's only good if you can guarantee the yields on treasury securities and for how long?We pay no principal on the debt,just interest so it is in theory limitless.The fact is nobody can accurately forecast the interest payments,who will buy new debt or cash in the old,or any other factors globally which may require more debt to be added.Sure,we can print the money for the debt we can't sell,but the deflation of the dollar insures a limit on this as well.
What will hit first?The destruction of the dollar?The debt interest overwhelming the GDP?Depression?Nobody knows.Many have an agenda on how they want events to transpire.Will the trigger event take place to cause a revolution and delay this assault on liberty for another time?More to come...
Friday, April 3, 2009
Fair tax-an oxymoron?
Here's a favorite topic.How to reform the tax system.Fair tax.Flat tax.Or a million other variations proposed.I don't like either.
The flat tax is not flat or fair.It's still progressive with exemptions and credits.We only have one example of a flat tax in use today.The medicare payroll tax withholding at 1.45% of your income.The employer must match that 1.45%,however,so it's not exactly fair.If you're self-employed,you pay the whole thing.The social security tax has a cap so it is not flat.So,different tax brackets,withholding,credits,etc.Sounds just like what we have,doesn't it?
The fair tax is a national retail sales tax on all goods and services of 23% supposedly.It also is not fair or flat.It includes a "pre-bate" as an offset.It's a consumption tax that imposes a tax on you for drawing breath.Of course,when you exhale and emit carbon dioxide,Obama will tax you on cap and trade but that's another issue.What about the person with a large garden at home that consumes much of what they eat at home?Don't they still drive on the roads as much as the apartment dweller who can't grow their food but must pay taxes on all of the food they consume?It's a slippery slope to attempt to determine the "fair" amount of taxes each person should pay as we all consume at different levels even though we may equally utilize public services,or vica-versa.
The whole premise is flawed.Taxing our income.Allowing the Government to confiscate wealth just because.When you earn income,you are contributing to the GDP of the country by adding goods or services as fruits of your labor.If you manufacture something such as a car,for example,you increase the GDP of the country.If you give a customer a haircut,you increase the GDP of the country by adding services.You are paid for your contribution to the economy as a wage.Why should the Government be privy to any portion of this?This is why the IRS is Socialism,because they are redistributing wealth.
The question is how to raise money to provide services the Government provides.Much of what the Government is providing,it shouldn't be.It's unconstitutional.They are operating outside the parameters of the powers expressly provided for in the Constitution.People are simply so accustomed to these things,it's not even questioned.Which was the goal all along,to get people dependent on the Government to justify their existence and give them the power.
The biggest flaw in the entire argument is we are arguing about ways to "fairly" distribute the tax burden amongst all taxpayers.It doesn't address the total level of taxation at all.The Government is too big and spends too much.To have real tax reform,we must address the proper role the Government has.Relying on politicians to police themselves and reduce unnecessary functions is a real lesson in futility.The same effort in futility would be asking the people what their needs are as they vary widely and "fairness" would be out of reach.
The only thing you have to fall back on "fairly" is what is written in our Constitution and it's Amendments.Unless we address the 16th Amendment giving Congress the authority to impose taxes,no real resolution is possible.The fight to equally tax is fine except it doesn't account for Government spending,only how to pay for it.Some would even argue that taxes applied equally should be on every American citizen.Not everyone has earned income,yet they still utilize public services and infrastructure.Should there be a citizenship tax?That brings in the moral and ethical issues of taxing those without any means.Should taxes be the way we force wealth redistribution?The Constitution state in the preamble 6 reasons for why it was written.Number 5 is to promote the general welfare.This is the basis of all taxation power and wealth redistribution.A little vague,perhaps?It also provided that all direct taxes be apportioned equally amongst the states based on population.The 16th Amendment provided the loophole allowing Congress to tax income unequally.
This is where tax reform must start,by Amending the Constitution.By limiting the powers of Government and take away their carte blanche on spending.It will take the largest citizen effort since the Revolutionary War to pull it off because it would specifically take power away from Government and they won't do it without a fight we have never seen.The rest of what we're debating is moot.More to come...
The flat tax is not flat or fair.It's still progressive with exemptions and credits.We only have one example of a flat tax in use today.The medicare payroll tax withholding at 1.45% of your income.The employer must match that 1.45%,however,so it's not exactly fair.If you're self-employed,you pay the whole thing.The social security tax has a cap so it is not flat.So,different tax brackets,withholding,credits,etc.Sounds just like what we have,doesn't it?
The fair tax is a national retail sales tax on all goods and services of 23% supposedly.It also is not fair or flat.It includes a "pre-bate" as an offset.It's a consumption tax that imposes a tax on you for drawing breath.Of course,when you exhale and emit carbon dioxide,Obama will tax you on cap and trade but that's another issue.What about the person with a large garden at home that consumes much of what they eat at home?Don't they still drive on the roads as much as the apartment dweller who can't grow their food but must pay taxes on all of the food they consume?It's a slippery slope to attempt to determine the "fair" amount of taxes each person should pay as we all consume at different levels even though we may equally utilize public services,or vica-versa.
The whole premise is flawed.Taxing our income.Allowing the Government to confiscate wealth just because.When you earn income,you are contributing to the GDP of the country by adding goods or services as fruits of your labor.If you manufacture something such as a car,for example,you increase the GDP of the country.If you give a customer a haircut,you increase the GDP of the country by adding services.You are paid for your contribution to the economy as a wage.Why should the Government be privy to any portion of this?This is why the IRS is Socialism,because they are redistributing wealth.
The question is how to raise money to provide services the Government provides.Much of what the Government is providing,it shouldn't be.It's unconstitutional.They are operating outside the parameters of the powers expressly provided for in the Constitution.People are simply so accustomed to these things,it's not even questioned.Which was the goal all along,to get people dependent on the Government to justify their existence and give them the power.
The biggest flaw in the entire argument is we are arguing about ways to "fairly" distribute the tax burden amongst all taxpayers.It doesn't address the total level of taxation at all.The Government is too big and spends too much.To have real tax reform,we must address the proper role the Government has.Relying on politicians to police themselves and reduce unnecessary functions is a real lesson in futility.The same effort in futility would be asking the people what their needs are as they vary widely and "fairness" would be out of reach.
The only thing you have to fall back on "fairly" is what is written in our Constitution and it's Amendments.Unless we address the 16th Amendment giving Congress the authority to impose taxes,no real resolution is possible.The fight to equally tax is fine except it doesn't account for Government spending,only how to pay for it.Some would even argue that taxes applied equally should be on every American citizen.Not everyone has earned income,yet they still utilize public services and infrastructure.Should there be a citizenship tax?That brings in the moral and ethical issues of taxing those without any means.Should taxes be the way we force wealth redistribution?The Constitution state in the preamble 6 reasons for why it was written.Number 5 is to promote the general welfare.This is the basis of all taxation power and wealth redistribution.A little vague,perhaps?It also provided that all direct taxes be apportioned equally amongst the states based on population.The 16th Amendment provided the loophole allowing Congress to tax income unequally.
This is where tax reform must start,by Amending the Constitution.By limiting the powers of Government and take away their carte blanche on spending.It will take the largest citizen effort since the Revolutionary War to pull it off because it would specifically take power away from Government and they won't do it without a fight we have never seen.The rest of what we're debating is moot.More to come...
Wednesday, April 1, 2009
The master plan
Is this the big one?The 13 families in motion?Illuminati?2012 doomsday at little early?Communism?Marxism?Socialism?How far do we go down the conspiracy theory road?
I believe we have had Socialism for decades.One only needs to look at the IRS for proof of that.It seems more appropriate that we are now in a state of fascism.Fascism is state run capitalism.When the Government is running private companies,you have fascism.Whether it's banks,insurance companies,auto companies,mortgage lenders,etc.,we are now there.
What does this mean?We still need to see how far Obama takes it.Will he take the dollar standard off the table and convert to a world currency?How about the civil service program being expanded for the youth?Will it stop at 250,000?The national security militia that he proposes as large and well funded as the military?Nationalized healthcare?Geithner will now set salary structures for private companies.How far will that extend?
If he is able to continue the suicidal spending to the point of no return,our options will be gone.Whatever his ultimate global vision is would be on the table.China is rapidly gaining influence with the keys to the piggybank.Israel is an unknown.Can Obama keep them in check while standing by and allowing Iran to run wild?Pakistan will decide the outcome of Afghanistan.
He must push hard enough,but not past the tipping point until it's too late.If he goes too fast he runs the risk of the American people actually rising up en masse rather than the trendy tea parties.That is still way off.Of course the right is talking continually,but that generally just re-inforces the base.To actually scare the middle,or God forbid,even some of the lost Liberals would be a major faux pas.He has great latitude with these people to still blame Bush,to promote his social agenda under the guise of helping them,and the kool-aid drinkers that just can't believe he is capable of these things.
It's hard to imagine a mistake that large.Clinton was impeached and only gained sympathy more than scorn.The unimaginable debt numbers are meaningless to the average person,so I don't see it as a deal breaker.If he can't appease the debt buyers and has to print money strictly,the inflation would be inevitable.Stagflation would follow along with high commodity prices,high unemployment,furthur housing corrections,banking failures,etc.The depression would be astounding in scale.Harry Dent has been on record predicting it for years.
The other scenario is just cumulative.Paying off labor with the card check and organizing reforms pending,the Fairness Doctrine,Gitmo,cap and trade and the whole laundry list of agenda items underway to undermine the Constitution and remove liberty and free markets.Rather than one big mistake,maybe the lightbulb will go off when enough people have been negatively affected to start the revolution.I think there are too many variables to say even though many will claim to know.More to come...
I believe we have had Socialism for decades.One only needs to look at the IRS for proof of that.It seems more appropriate that we are now in a state of fascism.Fascism is state run capitalism.When the Government is running private companies,you have fascism.Whether it's banks,insurance companies,auto companies,mortgage lenders,etc.,we are now there.
What does this mean?We still need to see how far Obama takes it.Will he take the dollar standard off the table and convert to a world currency?How about the civil service program being expanded for the youth?Will it stop at 250,000?The national security militia that he proposes as large and well funded as the military?Nationalized healthcare?Geithner will now set salary structures for private companies.How far will that extend?
If he is able to continue the suicidal spending to the point of no return,our options will be gone.Whatever his ultimate global vision is would be on the table.China is rapidly gaining influence with the keys to the piggybank.Israel is an unknown.Can Obama keep them in check while standing by and allowing Iran to run wild?Pakistan will decide the outcome of Afghanistan.
He must push hard enough,but not past the tipping point until it's too late.If he goes too fast he runs the risk of the American people actually rising up en masse rather than the trendy tea parties.That is still way off.Of course the right is talking continually,but that generally just re-inforces the base.To actually scare the middle,or God forbid,even some of the lost Liberals would be a major faux pas.He has great latitude with these people to still blame Bush,to promote his social agenda under the guise of helping them,and the kool-aid drinkers that just can't believe he is capable of these things.
It's hard to imagine a mistake that large.Clinton was impeached and only gained sympathy more than scorn.The unimaginable debt numbers are meaningless to the average person,so I don't see it as a deal breaker.If he can't appease the debt buyers and has to print money strictly,the inflation would be inevitable.Stagflation would follow along with high commodity prices,high unemployment,furthur housing corrections,banking failures,etc.The depression would be astounding in scale.Harry Dent has been on record predicting it for years.
The other scenario is just cumulative.Paying off labor with the card check and organizing reforms pending,the Fairness Doctrine,Gitmo,cap and trade and the whole laundry list of agenda items underway to undermine the Constitution and remove liberty and free markets.Rather than one big mistake,maybe the lightbulb will go off when enough people have been negatively affected to start the revolution.I think there are too many variables to say even though many will claim to know.More to come...
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