In less than 60 minutes yesterday morning the Sunday talk shows, inadvertently of course, put on a display of America’s dearth of leadership. A good digital editor could do a five minute You Tube presentation and stick it in a time capsule to make life easy for future historians looking back and analyzing the mess that is now America.
First we had little Larry Summers looking fat, pudgy and disinterested. Barely containing his disdain for the ignorant questions being posed he avoided any form of direct response and regurgitated incoherent blatherings designed to say “We’re the good guys; the fools are to blame.” To wit: The Obama administration has inherited the eight trillion dollars of future debt that will occur. Huh? We all know by now that the Obama administration is a self designated garbage crew, on the scene to clean up messes created by their predecessor. Apparently this means they either did not understand the situation they asked to take over or they want to deflect any current or future responsibility for dealing with it. Neither case bodes well for those being lead. But the future messes are also not of their doing? The $787 billion of payments to labor unions and public sector employees across the land is the problem of the Bushies? The $1.1 trillion that the organizer is about to bestow upon a few hundred thousand bureaucrats and apparatchiks earning almost double the average American paycheck; many of them making more than $100,000.00 per year. That’s Bushies fault too? Huh? Remember that pudgy Larry was fired by the faculty of Harvard, a group that bears more than a small amount of responsibility for the messes in Washington DC and Wall Street USA. No honor among thieves in Cambridge.
Enough about pudgy Larry because the pudgette Romer showed up on another channel. We have to plead guilty to not having a clue about what she said. We don’t even know what she does. We are unable to watch her so we take a lesser plea of nolo contendere. Perhaps a more tolerant observer would care to step to her defense. But we have one simple observation: There is a great opportunity for a weight watchers franchise in Washington DC.
But the Sunday piece de resistance was the return from the dead of the vampire Greenspan. This one creature bears more responsibility for the messes with the possible exception of Bush II and Lon Cheney. Seated to the right of the undead was the charlatan cum perfomer known as Cramer. This is the fool who helps you lose, ‘er we mean invest, the few remaining dollars in your IRA and 401k. When we saw this lineup we promptly turned up the volume. Oh boy we thought this is gonna be good. Cramer has on occasion derided the undead for many mistakes and bad judgments and here they were, seated together in bright daylight. The undead was going to catch it now. Oh boy. Wait until Cramer starts in on him. This is gonna be good. And then….NOTHING. Not a word. NOTHING. NOTHING!!!!
And then, later in the day, who pops up but the great leader himself. Just a few years ago he was hustling favors in the Illinois legislature, a hotbed of fiscal responsibility and the development of great leaders. Now he's solving global warming, health care, military strategy issues and creating jobs. What does he say? He blames it on the bankers. What? He bailed them out didn’t he? Why didn’t he fire them? Why didn’t he break them up? Why didn’t he bring in new leaders, some of his cronies from Springfield Illinois perhaps? He’s ready to sign the bill giving pay raises to the apparatchiks and bureaucrats making hundreds of thousands of dollars. A pay raise? Is that Bushies fault too? His jobs plan is a verbatim copy of the proposals from the AFL CIO. Ask a businessman if he goes to the AFL CIO for advice on how to compete and sell more products. Don’t jobs have something to do with competition and selling more products?
What image do these people see when they look in a mirror? Do they cast shadows? What are they doing up and about in daylight? Have you seen any of them in church recently?
Monday, December 14, 2009
Friday, December 11, 2009
Girlfriends and the Constitution
Todays subject is our weaknesses that make us human or, more likely, our humanity that makes us weak. What can we learn from the current reminder(s) of this situation?
There are two lessons that come to mind. One is that we are all sinners. And two is that we will be treated by people on the way down in a manner similar to how we treat people on the way up, unless mitigating circumstances mitigate.
Why do we elevate some as if they are different from the many? Is it because we are afraid to rely on ourselves? Why do we languish power and glory on a few even though they fail as do we all? Who came up with this idea of representative democracy? Does it still work as the founders intended?
In a democracy power comes from and is given by the people. We all know that. Ask any Chicagoan and they will tell you that it is so. The people giveth; the people taketh. There is no such thing as embedded power. It can be removed at any time. It happens all the time. For example, Johnny Reid Edwards was the elected senator of North Carolina. He wanted more. He embraced the message of the poor and the downtrodden in order to get more. When he took his show on the road it went caput. Was this the result of the wisdom of the people? Or the failure of the man? Another fellow tapped his shoe in the toilet stall, supposedly, and he inherited the wind. He was discovered by the toilet stall police. One other fellow, well really quite a few, went around grabbing and groping and he/they found a similar result. But then another fellow discovered a pleasurable way to pass time in his egg shaped office with his pants around his ankles and he still prances around with great accolades as does his “stand by your man” woman. One fellow was out hiking; well he was hiking somewhere writing sweet nothings for later publication. Last week we discovered that another one of these fellows, when not engaged in promoting his voluminous health care plan, promoted his paramour for a major government assignment. What? She was qualified so he says. Oh. Well that sure makes it OK.
Have you noticed how silly they all look? Or is it the people who put them there that look silly?
What can we learn from these men with their feet of clay? Why do we pay them to represent us and they use the power and position to act like high school Lotharios? What can we do?
Perhaps nothing more than this: Term Limits. The Term Limit amendment to the US Constitution should contain the following ingredients:
There are two lessons that come to mind. One is that we are all sinners. And two is that we will be treated by people on the way down in a manner similar to how we treat people on the way up, unless mitigating circumstances mitigate.
Why do we elevate some as if they are different from the many? Is it because we are afraid to rely on ourselves? Why do we languish power and glory on a few even though they fail as do we all? Who came up with this idea of representative democracy? Does it still work as the founders intended?
In a democracy power comes from and is given by the people. We all know that. Ask any Chicagoan and they will tell you that it is so. The people giveth; the people taketh. There is no such thing as embedded power. It can be removed at any time. It happens all the time. For example, Johnny Reid Edwards was the elected senator of North Carolina. He wanted more. He embraced the message of the poor and the downtrodden in order to get more. When he took his show on the road it went caput. Was this the result of the wisdom of the people? Or the failure of the man? Another fellow tapped his shoe in the toilet stall, supposedly, and he inherited the wind. He was discovered by the toilet stall police. One other fellow, well really quite a few, went around grabbing and groping and he/they found a similar result. But then another fellow discovered a pleasurable way to pass time in his egg shaped office with his pants around his ankles and he still prances around with great accolades as does his “stand by your man” woman. One fellow was out hiking; well he was hiking somewhere writing sweet nothings for later publication. Last week we discovered that another one of these fellows, when not engaged in promoting his voluminous health care plan, promoted his paramour for a major government assignment. What? She was qualified so he says. Oh. Well that sure makes it OK.
Have you noticed how silly they all look? Or is it the people who put them there that look silly?
What can we learn from these men with their feet of clay? Why do we pay them to represent us and they use the power and position to act like high school Lotharios? What can we do?
Perhaps nothing more than this: Term Limits. The Term Limit amendment to the US Constitution should contain the following ingredients:
- Limit on cumulative elected tenure in federal position; twelve years would make sense
- Not eligible if you have ever received or intend to receive any form of payment from any form of special interest group
- No pension accrual for any time in elected office. Let's get the service concept back in "public service"
Wednesday, December 9, 2009
Does the Constitution Empower Congress to Monetize the Mess?
If we could all just print money when we needed some. Paradise. Garden of Eden. Surely the Founders must have understood this simple concept. So, why didn't they empower Congress to specifically do it?
America's treasury has been borrowing from anyone with investible funds. As of today the total borrowed is $12,086,172,114,368.23. The treasury separates the total into two categories – public and intragovernmental . The public amount is $7,709,786,826,316.90 and the intragovernmental amount is 4,376,385,288,051.33. The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government. Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds. The latter category is mostly monies involuntarily paid into social security by US workers for their retirement and then spent by the government on all their countless programs and plans. Don’t kid yourself. The government collects money for “social security” purposes and spends it on current programs, bureaucrats and their massive spending programs. When they spend this money for reasons for which is was not forced out of your and my paycheck, they issue a security and add it to this debt category. More recently the government has just taken to issuing securities and printing currency in order to avoid going into the public market and asking for more and more money from Americans, Chinese and others around the globe. This is what TheFundamentals calls “monetizing” the mess. It is not an "enumerated power" granted in the US Constitution.
All economics are based on wealth creation. Money is worthless paper if not supported by wealth creation. Wealth creation is growing/extracting something from the earth and/or making something out of what is grown/extracted. When there is wealth creation; paper money has value. When paper money is created without underlying wealth creation there is a house of cards, a hall of mirrors. TheFundamentals calls this a “mess.”
Total debt of $12 trillion has now approached the actual annual total output of the nation’s goods and services. No one really knows when it becomes so much that the pile of debt collapses and no one will lend any more money and those who did lend want their money back (this is the usual collapse sequence in so-called Ponzi schemes.) Mr. Bernard Madoff, TheFundamentals choice for USTreasury Secretary, can and should write a book about the mechanics of his collapse and call it – “I told you so.” When it happens; it happens fast. This current government is thinking that they can always just print more currency to pay back the claims if it ever comes to this collapse situation. This viewpoint only means that they have selectively read history. The damage to a large country, with over 300 million non homogenous citizens, is going to be making some new news.
In comes the new administration with no wealth creation experience. They have no real life experience. They don’t even grasp the situation other than to blame the predecessors. Then they promptly rehire the gang that caused the mess and spend even more money they don’t have for their wars and entitlements and bureaucracies and employees and pensioners. Borrow/Print/Spend/No Debt Repayment. They say they must do this to prevent a collapse. So they pursue fiscal and monetary policies that are proven to produce a collapse with the rationale that they need to do it to avoid a collapse.
Follow the growing debt at http://www.treasurydirect.gov/NP/BPDLogin?application=np This is the official USTreasury debt website. They call it “the debt to the penny...” They should call it “Monetizing the Mess.”
TheFundamentals published its first posting on Wednesday, February 4, 2009. On that day, the total debt was $10,669,192,308,562.45. Since then, 309 days have passed and the debt has increased by $1,416,980,000,000.00. TheFundamentals asks YOU, the taxpayer, these simple questions – “What do YOU have to show for the $1.4 trillion in debt accumulated in 309 days that YOU have passed along to yourselves and your children and their children?” Would you be willing to forgo any of the things YOU identified above? Are you satisfied with the choice that YOU have made in selecting the government officials and the spending activities they enact? Are YOU willing to replace them with prudent individuals who will enact programs of sacrifice and frugality and start repaying the debt? Can WE find these individuals who read and understand the Constitution and who will abide by its words and meanings?
America's treasury has been borrowing from anyone with investible funds. As of today the total borrowed is $12,086,172,114,368.23. The treasury separates the total into two categories – public and intragovernmental . The public amount is $7,709,786,826,316.90 and the intragovernmental amount is 4,376,385,288,051.33. The Debt Held by the Public is all federal debt held by individuals, corporations, state or local governments, foreign governments, and other entities outside the United States Government. Intragovernmental Holdings are Government Account Series securities held by Government trust funds, revolving funds, and special funds. The latter category is mostly monies involuntarily paid into social security by US workers for their retirement and then spent by the government on all their countless programs and plans. Don’t kid yourself. The government collects money for “social security” purposes and spends it on current programs, bureaucrats and their massive spending programs. When they spend this money for reasons for which is was not forced out of your and my paycheck, they issue a security and add it to this debt category. More recently the government has just taken to issuing securities and printing currency in order to avoid going into the public market and asking for more and more money from Americans, Chinese and others around the globe. This is what TheFundamentals calls “monetizing” the mess. It is not an "enumerated power" granted in the US Constitution.
All economics are based on wealth creation. Money is worthless paper if not supported by wealth creation. Wealth creation is growing/extracting something from the earth and/or making something out of what is grown/extracted. When there is wealth creation; paper money has value. When paper money is created without underlying wealth creation there is a house of cards, a hall of mirrors. TheFundamentals calls this a “mess.”
Total debt of $12 trillion has now approached the actual annual total output of the nation’s goods and services. No one really knows when it becomes so much that the pile of debt collapses and no one will lend any more money and those who did lend want their money back (this is the usual collapse sequence in so-called Ponzi schemes.) Mr. Bernard Madoff, TheFundamentals choice for USTreasury Secretary, can and should write a book about the mechanics of his collapse and call it – “I told you so.” When it happens; it happens fast. This current government is thinking that they can always just print more currency to pay back the claims if it ever comes to this collapse situation. This viewpoint only means that they have selectively read history. The damage to a large country, with over 300 million non homogenous citizens, is going to be making some new news.
In comes the new administration with no wealth creation experience. They have no real life experience. They don’t even grasp the situation other than to blame the predecessors. Then they promptly rehire the gang that caused the mess and spend even more money they don’t have for their wars and entitlements and bureaucracies and employees and pensioners. Borrow/Print/Spend/No Debt Repayment. They say they must do this to prevent a collapse. So they pursue fiscal and monetary policies that are proven to produce a collapse with the rationale that they need to do it to avoid a collapse.
Follow the growing debt at http://www.treasurydirect.gov/NP/BPDLogin?application=np This is the official USTreasury debt website. They call it “the debt to the penny...” They should call it “Monetizing the Mess.”
TheFundamentals published its first posting on Wednesday, February 4, 2009. On that day, the total debt was $10,669,192,308,562.45. Since then, 309 days have passed and the debt has increased by $1,416,980,000,000.00. TheFundamentals asks YOU, the taxpayer, these simple questions – “What do YOU have to show for the $1.4 trillion in debt accumulated in 309 days that YOU have passed along to yourselves and your children and their children?” Would you be willing to forgo any of the things YOU identified above? Are you satisfied with the choice that YOU have made in selecting the government officials and the spending activities they enact? Are YOU willing to replace them with prudent individuals who will enact programs of sacrifice and frugality and start repaying the debt? Can WE find these individuals who read and understand the Constitution and who will abide by its words and meanings?
Monday, December 7, 2009
Does the Constitution Empower Congress to Bankrupt the United States?
In previous essays and articles, TheFundamentals has cited the USConstitution with emphasis on Article I, Section 8 which specifies the Powers of Congress (please refer to TheFundamentals, June 8, 2009,”Enumerated Powers” for all eighteen powers.) The first sentence of this section gives Congress the power to….pay the Debts. Here is the entire wording of the first of eighteen powers given the US: The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States. “To pay debts.” The constitution leads with: to pay debts! The second sentence gives Congress the power to….borrow money on the credit of the United States. It is interesting that the order is first, pay the Debts and, second, borrow money. However, there is no mention of Congress having the power to accumulate debt and not repay it. Also, there is no mention of Congress being able to build debt to a level that would reasonably precipitate a bankruptcy. There is a requirement in the following Section 9 requiring that “…a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.” The founders knew that they had better require transparency even back then.
So, Congress has the power to borrow on the credit of the country (there is no other way to interpret this phrase; it assumes the responsibility of the congress to maintain the “credit” of the United States) and the power to pay Debts and a regular accounting of receipts and expenditures must be published. But, nothing about the power to bankrupt the country.
How about a simple Constitutional Amendment to clear up the issue? Could be worded as follows:
“All Debts of the United States must be repaid within 10 years of their creation and the total of all Debts owed by the United States to persons, entities or agencies, foreign and domestic, cannot exceed, in total, two times the current annual total tax receipts of the United States.”
Pay back the Debts, Congress. It is one of your limited powers and you need to become much more proficient at exercising it. You are not empowered to bankrupt the country. You are responsible for the credit of the country. Stop spending now; pay down the debts that you have created before you bankrupt the country.
So, Congress has the power to borrow on the credit of the country (there is no other way to interpret this phrase; it assumes the responsibility of the congress to maintain the “credit” of the United States) and the power to pay Debts and a regular accounting of receipts and expenditures must be published. But, nothing about the power to bankrupt the country.
How about a simple Constitutional Amendment to clear up the issue? Could be worded as follows:
“All Debts of the United States must be repaid within 10 years of their creation and the total of all Debts owed by the United States to persons, entities or agencies, foreign and domestic, cannot exceed, in total, two times the current annual total tax receipts of the United States.”
Pay back the Debts, Congress. It is one of your limited powers and you need to become much more proficient at exercising it. You are not empowered to bankrupt the country. You are responsible for the credit of the country. Stop spending now; pay down the debts that you have created before you bankrupt the country.
Friday, December 4, 2009
Simple Truths and Jobs Czars and BBernanke
"Government has never increased the standard of living of one single human being in civilizations history. For some reason, that simple truth has evaded everybody." Steve Wynn, October 11, 2009, Fox News.
Go to: http://www.youtube.com/watch?v=WZcMzL0Hx9M&feature=related and listen to Mr. Wynn speak simple truths. Then click on: http://www.youtube.com/watch?v=VdrxfFFeMbc&feature=related and catch a bit more of his simple truths.
For these simple truths, TheFundamentals recommends that Mr. Obama designate Mr. Wynn, America's "JOBS" czar.
For a simple truth teller, we suggest a visit to: http://rumbunter.com/2009/12/03/why-we-love-jesper-parnevik-it-has-nothing-to-do-with-elins-twin/ The applicable expression is, "In the land of the blind the one-eyed man is king." Jesper Parnevik is TheFundamentals "one-eyed" man of the month; heck, make it the year inasmuch as we are almost through with 2009. His brief comments about current events speak volumes. A visit to this site will also produce one of the most creative explanations of all time for missing a putt.
Last comment (after all it is Friday and there are chores waiting to be done.) One of Washington DC's premiere failed bureaucrats has been renominated for another four year term as Chairman of the Federal Reserve Bank. This job is now the resting place for that very special type person who could not hold even an entry level job in a competitive environment. Picture a bus going off a cliff and the driver jumping out at the last minute. That driver is AGreenspan. Now, picture the bus plummeting into the abyss and a passenger on the bus, gleefully grabbing the steering wheel, oblivious to the unfolding events around him. That is BBernanke.
Two winners - both survivors in competitive environments - SWynn and JParnevik.
Two losers - ne'er-do-wells in the rabbit hole called Washington DC.
Go to: http://www.youtube.com/watch?v=WZcMzL0Hx9M&feature=related and listen to Mr. Wynn speak simple truths. Then click on: http://www.youtube.com/watch?v=VdrxfFFeMbc&feature=related and catch a bit more of his simple truths.
For these simple truths, TheFundamentals recommends that Mr. Obama designate Mr. Wynn, America's "JOBS" czar.
For a simple truth teller, we suggest a visit to: http://rumbunter.com/2009/12/03/why-we-love-jesper-parnevik-it-has-nothing-to-do-with-elins-twin/ The applicable expression is, "In the land of the blind the one-eyed man is king." Jesper Parnevik is TheFundamentals "one-eyed" man of the month; heck, make it the year inasmuch as we are almost through with 2009. His brief comments about current events speak volumes. A visit to this site will also produce one of the most creative explanations of all time for missing a putt.
Last comment (after all it is Friday and there are chores waiting to be done.) One of Washington DC's premiere failed bureaucrats has been renominated for another four year term as Chairman of the Federal Reserve Bank. This job is now the resting place for that very special type person who could not hold even an entry level job in a competitive environment. Picture a bus going off a cliff and the driver jumping out at the last minute. That driver is AGreenspan. Now, picture the bus plummeting into the abyss and a passenger on the bus, gleefully grabbing the steering wheel, oblivious to the unfolding events around him. That is BBernanke.
Two winners - both survivors in competitive environments - SWynn and JParnevik.
Two losers - ne'er-do-wells in the rabbit hole called Washington DC.
Thursday, December 3, 2009
The 800# Gorilla in the Room
Today the organizer and over 100 of his really smart friends are going to engage in what sociologists call a “circle jerk” and discuss viewpoints on job creation. Yesterday, TheFundamentals modestly proposed the cancellation of this therapeutical nonsense but, alas, our voice was ignored. So, we boldly go forth with more about the organizers “jobs summit.”
Read the following plan summary to be proposed today by a key meeting participant:
1. Extend the lifeline for jobless workers
2. Rebuild America’s schools, roads and energy systems
3. Increase aid to state and local governments to maintain vital services
4. Fund jobs in our communities
5. Put TARP funds to work for Main Street
Can you guess which special interest group is responsible for this plan? Tick – tock; tick – tock. Okay, time’s up. Here’s a clue. You can read the entire plan at: http://www.aflcio.org/issues/jobseconomy/jobs/americaneedsjobsnow.cfm
The AFL CIO thinks that the best way to create jobs in to keep paying people to not work (#1 above) and spend more money on those ever so productive municipal projects and bureaucrats (#’s 2-4 above) and then set up a bureaucracy to take applications from small and mid size businesses and establish a bunch of rules and employ lawyers to oversee their activities (#5 above.)
Is there anything in the AFL CIO five step plan to encourage competition? Is there anything in the five step plan to get people to leave areas where there are no jobs and move to areas where there are jobs? Is there anything in the plan to limit rules, laws, taxes and other forms of government interference with the small and mid size businesses that create jobs? Is there any mention of product and service quality? Product and service features? Distribution? Limits on lawsuits?
Today, the AFL CIO will present its five step plan. They are the 800# gorilla in the room. Their goofy ideas have already spawned the $787 billion giveaway stimulus spending plan that is paying people to not work and paying thousand of municipal and state bureaucrats to interfere with the natural inclination of free enterprisers to create jobs. The AFL CIO wants more of the same. More government spending and more bureaucrats messing up the jobs creation process. The money the AFL CIO needs to fund its five steps will add to the national debt. More debt will bring the country closer to bankruptcy. The closer the US gets to bankruptcy the fewer jobs will be available. What word(s) define those who wish to bankrupt the country? Foolish? Idiotic? Gorilla?
If Mr. Steve Wynn is not in attendance today, who will tell the AFL CIO to go home, lower their wages and benefits and get to work. Who will tell the organizer to stop government spending and reduce laws, regulations, taxes, lawyers and bureaucratic interference with real job creation? Who will tell the organizer that tax credits tied to new American jobs will produce jobs for a fraction of the cost of government spending programs? Who will speak truth to the gorillas and the fools and the idiots?
Read the following plan summary to be proposed today by a key meeting participant:
1. Extend the lifeline for jobless workers
2. Rebuild America’s schools, roads and energy systems
3. Increase aid to state and local governments to maintain vital services
4. Fund jobs in our communities
5. Put TARP funds to work for Main Street
Can you guess which special interest group is responsible for this plan? Tick – tock; tick – tock. Okay, time’s up. Here’s a clue. You can read the entire plan at: http://www.aflcio.org/issues/jobseconomy/jobs/americaneedsjobsnow.cfm
The AFL CIO thinks that the best way to create jobs in to keep paying people to not work (#1 above) and spend more money on those ever so productive municipal projects and bureaucrats (#’s 2-4 above) and then set up a bureaucracy to take applications from small and mid size businesses and establish a bunch of rules and employ lawyers to oversee their activities (#5 above.)
Is there anything in the AFL CIO five step plan to encourage competition? Is there anything in the five step plan to get people to leave areas where there are no jobs and move to areas where there are jobs? Is there anything in the plan to limit rules, laws, taxes and other forms of government interference with the small and mid size businesses that create jobs? Is there any mention of product and service quality? Product and service features? Distribution? Limits on lawsuits?
Today, the AFL CIO will present its five step plan. They are the 800# gorilla in the room. Their goofy ideas have already spawned the $787 billion giveaway stimulus spending plan that is paying people to not work and paying thousand of municipal and state bureaucrats to interfere with the natural inclination of free enterprisers to create jobs. The AFL CIO wants more of the same. More government spending and more bureaucrats messing up the jobs creation process. The money the AFL CIO needs to fund its five steps will add to the national debt. More debt will bring the country closer to bankruptcy. The closer the US gets to bankruptcy the fewer jobs will be available. What word(s) define those who wish to bankrupt the country? Foolish? Idiotic? Gorilla?
If Mr. Steve Wynn is not in attendance today, who will tell the AFL CIO to go home, lower their wages and benefits and get to work. Who will tell the organizer to stop government spending and reduce laws, regulations, taxes, lawyers and bureaucratic interference with real job creation? Who will tell the organizer that tax credits tied to new American jobs will produce jobs for a fraction of the cost of government spending programs? Who will speak truth to the gorillas and the fools and the idiots?
Wednesday, December 2, 2009
Jobs Summit
The US of A does not need a jobs summit; it needs an intervention. It does not need a group therapy gathering of 100+ to blather about jobs; US free enterprisers are quite good at competing and creating jobs. The government of the US of A needs an intervention. Just as a chronic alcoholic needs an intervention to apply the two by four to the head as a wakeup call so does this government need to listen to US free enterprisers administer a four by eight to their political craniums about how destructive government behavior has destroyed the American competitive machine. And the man equipped to lead the free enterprisers is Steve Wynn. If Steve Wynn http://www.wynnlasvegas.com/ is not in attendance at tomorrows “jobs summit” forget about it. It’s a waste of time. No Wynn means more Obama obfuscation. Obama learned this ploy bowing at the altar of RDaley and Daley’s low IQ sycophants.
Let’s remind ourselves of a fundamental. Competition is the goose producing the golden egg. This is so fundamental that Mr. Obama needs to write it on the foreheads of all his minions so that every time he has a summit or a group therapy session or one of those picture opportunities where he gathers 100 people in a room, he can stay on message – If you want jobs encourage competition. How do you encourage competition? Simple. You control government spending, deficits, taxes, rules, laws, debt and those special interest groups that stifle competition such as unions, trade associations, lawyers and public payroll employees. Don’t like competition. Encourage government, lawyers, regulations, unions and bureaucrats. Pretty simple, huh?
Competition, Mr. Obama is the answer. It’s the solution. Summits, Mr. Obama are the problem. This is a tough one to grasp for a fellow with no real experience. We have terrific empathy Mr. Obama for your naiveté and your lack of basic understanding of competition. But you will not get the right answers from the Chicago people who surround you and no, Mr. Obama, you will not get good advice from the likes of HWaxman, BBernanke, CRangel and NPelosi. They, like you, have no real life experience. Remember Mr. O, TheFundamentals defines Real Life Experience (see TheFundamentals, July 29, 2009) as at least five years working in a competitive environment where you can get fired at any time for no reason. Try running a company – big or small and call on clients and prospects. You will learn fast what it is and how to compete. Or you’ll be fired.
You want real jobs? Jobs than pay taxes; not consume taxes? Just ask Mr. Steve Wynn. Frankly Mr. O, bag the summit. Just meet one on one with Mr. Wynn. Here is his toll free number (877) 321-WYNN. Tell him TheFundamentals recommended him. Make him your “JOBS” czar.
Competition = Jobs = Growth
It’s a fundamental.
Let’s remind ourselves of a fundamental. Competition is the goose producing the golden egg. This is so fundamental that Mr. Obama needs to write it on the foreheads of all his minions so that every time he has a summit or a group therapy session or one of those picture opportunities where he gathers 100 people in a room, he can stay on message – If you want jobs encourage competition. How do you encourage competition? Simple. You control government spending, deficits, taxes, rules, laws, debt and those special interest groups that stifle competition such as unions, trade associations, lawyers and public payroll employees. Don’t like competition. Encourage government, lawyers, regulations, unions and bureaucrats. Pretty simple, huh?
Competition, Mr. Obama is the answer. It’s the solution. Summits, Mr. Obama are the problem. This is a tough one to grasp for a fellow with no real experience. We have terrific empathy Mr. Obama for your naiveté and your lack of basic understanding of competition. But you will not get the right answers from the Chicago people who surround you and no, Mr. Obama, you will not get good advice from the likes of HWaxman, BBernanke, CRangel and NPelosi. They, like you, have no real life experience. Remember Mr. O, TheFundamentals defines Real Life Experience (see TheFundamentals, July 29, 2009) as at least five years working in a competitive environment where you can get fired at any time for no reason. Try running a company – big or small and call on clients and prospects. You will learn fast what it is and how to compete. Or you’ll be fired.
You want real jobs? Jobs than pay taxes; not consume taxes? Just ask Mr. Steve Wynn. Frankly Mr. O, bag the summit. Just meet one on one with Mr. Wynn. Here is his toll free number (877) 321-WYNN. Tell him TheFundamentals recommended him. Make him your “JOBS” czar.
Competition = Jobs = Growth
It’s a fundamental.
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