Wednesday, August 25, 2010

BURN: The Real Obama Stimulus

So, a trillion dollars later, and eighteen months on in the Obamic regime, and what do we have to show for it? 

According to numbers pushed by the Congressional Budget Office on Tuesday, we got...MAYBE...a 4.5% bump in GDP.  Maybe it was as little as 1.7%.  MAYBE it was less.  Who knows?

MAYBE all that loot we took from our children and grandchildren lowered our PRESENT unemployment rate, oh, say, from .7% to 1.8%.  Was that money well spent?

So, did the Obama "stimulus" stimulate your economy?  Because Obama HAS been stimulating some things in the economy...he and the larger Collective.

What the Obami have successfully stimulated is the flight of capital from our nation, and the cancerous growth of fascist economics, where you have the illusion of capitalism, but in reality a government controlled economy where the biggest…and most compliant…players are the chosen winners.
 As part of that "stimulus" the rule of law has been immensely weakened, in terms of the "certainties" it provided to capital.  The law of contract, of property, and even of bankruptcy have been plundered by the Obami.  There is real doubt about what our Constitution means; are there Federal limits any longer?

Which is why you have people like Paul Otellini, the CEO of Intel, saying things like this; 
“I think this group does not understand what it takes to create jobs. And I think they’re flummoxed by their experiment in Keynesian economics not working.”
“They’re in a ‘Do‘ loop right now trying to figure out what the answer is,” Otellini said.
As a result, he said, “every business in America has a list of more variables than I’ve ever seen in my career.”
What he was saying is that UNCERTAINTY, which is the Grim Reaper of capital formation, has gone through the roof under the Obami.  Money has no national loyalty, no religion, no ties to geography.  It tends to flow from HIGH RISK to LOW RISK, when returns are anything like equal.  UNCERTAINTY makes reading risks very difficult, which is a risk in itself.
The U.S. legal environment has become so hostile to business, Otellini said, that there is likely to be "an inevitable erosion and shift of wealth, much like we're seeing today in Europe--this is the bitter truth."
Not long ago, Otellini said, "our research centers were without peer. No country was more attractive for start-up capital... We seemed a generation ahead of the rest of the world in information technology. That simply is no longer the case."
What this means is that...especially coupled with the VERY high taxes on businesses in the, businesses, and jobs are leaving.  They are flowing to LESS HOSTILE places, where the rule of law is more stable and certain.  They won't be back any time real soon, either.  Not as long as Obama "has the keys".

So, by converting the U.S. into Obanana Republic, Obama has CERTAINLY stimulated the flight of capital, and the long-term loss of jobs, while he has institutionalized the underpinnings of fascist economics on a level never seen in this nation before.  Heckuva job, Berry...


  1. Hey Rags,just one of those little things that shows your on the (money)with this.The steam engine I told you about a few weeks ago has found a home in China.No American buyers but the Chinese bought the plans.
    Not just information technology is going else where.

  2. Sorry to hear it, Walter.

    I wonder how long...if war doesn't take it ALL will be before we can recovery from this Hopenchange...?

  3. Our recovery is all based on the events of the next few years. A reformation will need to take place permanently eliminating the entitlement culture. A free people cannot be dependent on their government for their livelihood.

  4. Well, yeah, THAT... and lot of other stuff.

    Just abiding by the Constitution...which really should not be hard or controversial...would do the trick very nicely...

    Trouble is, there are two diametrically opposed ideas at work now...the Enlightenment, and Collectivism. They cannot be reconciled.

  5. Rags,Also isn't this really what Obama wants?Jobs going over seas to spread the wealth around.
    I think we're stuck with this thing.We still have welfare,call them what you will,but we still have racial quotas,social security,medicaid,and medicare.
    I believe the system will implode.I really don't like being cynical,but I don't see anyone that's going to stop this rush to a fascist state.

  6. Actually, Walter, we've had degrees of fascist state economics since (arguably) BEFORE the FDR years. They took a big lurch forward during the Nixon years.

    I actually regard this period as good, since this regime has put this VERY dangerous form of economics front and center.

    A big element of defeating fascist policy is simply stripping it of its masks...getting people to see it for what it is. That is happening now. Once people see it for what it is, they will reject it.

    Of course, I am a cock-eyed optimist....