Tuesday, August 16, 2011

Obama's Bus Tour Is A Non-Listening Tour

When has Barack Obama ever listened? His ego would never accept an idea from anyone other than his liberal peers. This midwestern bus tour is nothing more than an opportunistic presidential bully pulpit.

The thing that a sitting president has over his potential opponents is his record. Because Obama's record is pathetic, he needs to lie and decieve his way out of the mess his liberal, socialistic policies have placed us in. What Obama is trying to do is the only thing he can do: shift blame onto the evil Republicans.

When Obama talks of broken politics, that is code for: "if it weren't for Republicans, I could have MY OWN WAY".

For the most part, I like gridlock. The more gridlock, the less laws get passed. In the recent debt ceiling debate, I would have been perfectly fine with no action.

Modern American politicians, from either party, can only do one thing: create more laws, more programs, and more costs -- more government. The party difference is scope.

These next 15 months will be pure hell for America. We will have to listen to politician after politician make promises that either cannot or should not be kept. The American political process has become the age of populism. It is bad for Latin American and it is bad for the USA.

Saturday, August 13, 2011

Consumer Spending, Consumer Saving, Consumer Confidence

Let me start off with a disclaimer: my family is comprised of savers, not spenders. According to the media and economists, we are bad for the economy. They feel that the economy is primiarily driven by consumer spending.

What is it we need to buy? With age, our buying patterns have changed. We really don't need anything. We have a house (paid for), multiple cars (all paid for -- none newer than 2005), furtiture (paid for), clothes (paid for). We spend our money on insurance, food, and utilities. We eat out once a week at a moderately priced restaurant (rarely spending more than $10 per person). We have no credit card debt -- pay it off monthly (credit cards are for convenience, nothing more).

Our biggest expense these days is college tuition. Our three oldest attend state schools. They all work. We cover their tuition; they cover everything else. We disagree with those that believe children are entitled to a free education and do not need to make their own financial contributions.

I have little concern of people's spending patterns. However, from my observations in helping people move or closing up someone's home after a death, people spend money on some really useless things. Some much of this stuff goes in the trash.

We are savers. We would much prefer to save money than spend money on things we really don't need. We always consider the need vs want metric. Rarely to we splurge. Christmas and birthdays are holidays, not occasions to spend excessive money.

We always have had a pessimistic opinion about the financial future. When markets flurish, we are unexpectedly happy. We opt for a year's supply of cash -- the rainy day fund. All purchases are made with cash or credit card that is paid off that month. We do not pay interest.

A headline from today is: "U.S. Consumer Confidence Drops to Three-Decade Low." This is not necessarily a bad thing, especially if it forces people to save more and make more prudent buying decisions.

As consumer spending declines, the economy will right-size, if only the government would allow it to.

A decline in consumer spending and confidence is a movement to a more normal baseline. Despite the numbers, I see lots of money being spent today. Movie theaters are full, restaurants busy, athletic ticket sales good, smart phones and pads ubiquitious. We are living pretty comfortable lives.

Where we lack are personal freedom from government opression and moral decadance. Subjects for another time.

Wednesday, August 03, 2011

Obama's Archaic Government

The so-called debt ceiling bill was nothing more than a waste of time and a fraud upon the American people.

Why would anyone think that this shame of a bill would do anything toward national solvency. Obama clearly knows that it will do nothing. For him, it gave him more time to engage in more stimulus spending, printing more cash (quantitative easement III), and to find ways to attempt to buy votes for his next election.

These politicians are not idiots. They know they are spending money that does not exist. They know they are spending future generations' money. They just don't care. They hate capitalism in favor of power. Consider:
US debt shot up $238 billion to reach 100 percent of GDP after the government's debt ceiling was lifted.
The bill's requirement for a twelve-man committee will be comprised of Washington Congressional insiders -- tax and spend Democrats and RINOs. They will do nothing with Social Security, Medicare, Medicaid, Obamacare -- the real budget killers.

Collectively Republicans caved yet again. I am thankful my two Senators (Hatch & Lee) noted NO. I have a Democrat for a Rep (Matheson) and he usually tows the Party line and voted for the bill in the House.

The winners were Washington insiders. Tea Partiers lost big. Americans lost big, even those that will "benefit" from federal handouts -- kept fat, dumb and happy.

After all is said and done, the debt ceiling bill was normal, corrupt Washington politics. Speaker Boehner and Senate Minority Leader McConnell are RINOs despite their rhetoric. They are gutless and let us down.