The transmogrification of the United States from a seaworthy vessel to just another European garbage scow has been sudden and steep, yet the attitude remains among the elite of the media and Left that more taxation and regulation must be put in place to prevent too much success by those who do not share their political bent, inexplicably choking the very lifeblood of an economy in dire need of resuscitation.
Apparently a 16,845 word tax code is not sufficient. Apparently Sarbanes-Oxley did not create enough new regulations so Congress doubled-down with Dodd-Frank. The 32 Czars were not sufficient enough for this administration to circumvent The Constitution and Congress and create policy unilaterally, so a 33rd was added in the form of Richard Cordray to “protect” consumers, which is a rather sickening twist considering no entity protects the ever-shrinking number of taxpayers from Congress, and Congress is doing nothing to protect taxpayers from a president who has used the art of Origami to turn The Constitution into a party hat.
Taxpayers did not cast a vote for insolvency. Nobody ever ran for office on a platform of co-mingling defined benefit money (Social Security) with general fund expenditures, which is a crime in the real world but apparently OK in an institution rife with malfeasance and a justice department infected with misfeasance. Mortgaging, borrowing, and debt offer a certain flexibility when used intelligently and prudently, but fast tracking toward tripling the national debt in one presidential term is the very definition of insanity. If someone approached Berkshire Hathaway to invest in a company with a balance sheet leaking as much oil as that of the United States, Warren Buffett would turn up his nose as if he caught a nasty whiff of the feedlots surrounding Omaha, and he would assuredly give a fatal diagnosis toward that entity’s ability to restructure when road blocks like high-minded taxes and over-regulation threatened its path to recovery, so any integrity that remains for Mr. Buffett is aswirl in the bowl after shilling for Mr. Obama.
No observation on the incestuous Obama-Buddy-System would be complete, of course, without a cursory glance at Jeffrey Immelt, the CEO and Chairman of General Electric. Less than a month after Mr. Obama took office he appointed Immelt a member of the President’s Economic Recovery Advisory Board to provide advice on how best to turn around the economy, and since, the business environment and fiscal policies have only deteriorated. As another example of abstruse reasoning that defines this president, in January of 2011 he made Immelt via yet another presidential executive order the Chairman of the Council on Jobs and Competitiveness. In the interim, General Electric was the beneficiary of $350 Billion government bailout, the company posted over $14 Billion in profit for the most recent fiscal year on record, and paid no income taxes thanks to a $3.2 Billion Federal Tax Credit.
Incredibly, Mr. Immelt showed his appreciation by closing GE’s X-ray plant operation in Wisconsin in August of this past year and moved that division to China, most likely with a few million or so absentee ballots in hand. Mr. Immelt is imminently capable of creating jobs, but apparently misconstrued upon which continent those jobs were to be formed. Meanwhile, we were promised transparency by this administration and, apparently, are getting it: support my moonstruck policies and I’ll help you line your pockets; cross me and I will regulate and tax you into oblivion with or without the approval of Congress.
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Dan Bubalo: my man you were absolutely on fire…this is a great commentary…you hit nail on the head and drove it through the board…clear cogent and spot on…everyone reading this should forward it to everyone on their mailing lists…
Mychal> Great Rant! I will add that Obama will never see any of Buffett’s money. He has it well hidden in tax shelters so he’s just a blowhard. If he were such a generous man with his money, and other’s money, and felt badly that his secretary was paying so much income tax, he should have given her a big pay raise and taught her how to stash it away from the U.S. Government, just like him.
She earns over 300k a year…I bet her retirement is in a foreign account
Recall the lady who asked Obama why her tech engineer could not find a job in the U.S.A. because H-1B engineers had the jobs. Obama gave the excuse that he had received information that there were no tech engineers in the United States and that is why H-1B engineers were being hired. He believed his informer and did not confirm that data – so he says. His reply to the wife was that he would look into it. (When the moon turns to green cheese!) Obama says: this country is lawless, un-Christian, racist, lazy, useless Society. (More demoralization) Most of Americans are still the same people we were ten years ago only smarter. There are some who have fallen through the cracks because they want a King and Queen – a dictator and tater. When GE moved a major part of their business overseas, they lost a lot of American customers but not enough. It doesn’t matter because China will buy GE goods and that will keep them in business. When GM was bought out by Obama and his big Union boys, GM fell for it hook, line and sinker, even took big bonuses and went on vacation. (thanks, you numbskulls) Now, they are on the skids and the Union Boys are happy as hogs in a slop bucket. I, for one, thought GM would never fold or accept stimulus. Dumb me. Held onto bonds until they were useless. Still kicking myself. But, much smarter now for the expensive experience. At least I didn’t hold complete useless stock. As for Obama and his gang of cut-throats who believe they are doing wonderful things for this country: Some people just need a sympathetic pat…on the head…with a hammer!
We all share your frustration, Marilyn. You’re right. We aren’t any different than we were 10 years ago, though it doesn’t require a long look at the time line from when Pelosi and Reid took over on January 3, 2007 to trace the rapid decline. My concern is that we can’t bail water fast enough now.
Remember “The Little Red Train?” “Oh, Yes we can.” With that thought in mind, lends to have courage and be encouraged and positive that we can all pull together to win the task that lies ahead of us. Those who believe “The sky is falling” will be eaten by the wolves.
Two quick points. First, I have never understood how the German people let Hitler and this thugs take over that proud nation. I am now beginning to understand. Second, does anyone remember why we cut ourselves loose from the British Empire? King George was a tyrant who had no respect for, and put himself above the laws of the Kingdom.
Nuf said.
The quote that keeps rattling around in my head is the one about those not learning the lessons of history being bound to repeat them.
I just didn’t expect it to happen during my lifetime or in my country.
I saw a news film clip of Brad Pitt talking about socialised medicine in Europe. Part of what he said was “It works just fine”. I wonder if he had the opportunity to need the use of their system? But then again, if you have several million dollars in your money belt, everythng must work just fine.
this article is right on….and this Immelt dude is sure acting like another one of those Chicago thugs,I for one will never buy a G.E. product…not even a light bulb….ever
Guess what company has the lions share of our submarine manufacturing.
It’s called treason! And the American people are so brain-dead they can’t see it. And our Congress is so gutless they won’t arrest the bastard. Hitler strikes again.
Hopefully the purge of the gutless do nothings in congress will continue with the upcoming elections. One question I’d like to see answered is what is the GOP doing to promote a straight and honest elections. Anyone with the brains of a worm must be suspicious of the reborn ACORN and the continued criminal activities of SEIU and the New Black Panthers. Surely someone is doing something to insure the integrity of the election process.
I have a friend that is heavily invested in GE stock. Conversely, he also supports Hussein’s position that the rich pay their fair share in taxes. I pointed out that GE paid zero taxes and moved nearly 60% of their businesses overseas. I then asked how he in good conscience could continue to own stock in a company that is so blatantly opposed to his position. His answer: A shrug! Sadly, he was unwilling to face up to the double standard. Reminded me of a saying that goes something like this: “My mind’s made up; don’t confuse me with the facts.”
May God deliver us from this willful ignorance!! Keep shouting it from the rooftops Mychal. Be a watchman on the wall. With God all things are possible…..
The love of money is the root of all evil (or at least most of it). Your friend cares more about lining his pockets, not analyzing his stance. I wouldn’t leave him alone with my daughter.
I truly thought we’d reached the pinnacle of crime as a white house past time with the Clinton’s in office, but this man has set a new level and record for violating both the laws of this Nation, and the social principles which most of us have long considered part of our moral foundation for our Nation – honesty as a requirement for business and government.
The criminal acts of Nixon were blatent and inexcusable, however, he recognised he was caught, and chose to resign rather than be tried. It is apparent obama has no fear of trial, it appears he believes it won’t be called for, and were it, he has no doubt he would win. When both the Press and the democrats are fully supporting a person, he can literally do no wrong. We are a sorry people for having such low standards. I am truly and deeply ashamed of this Nation and who we have become.
John McClain
GySgt, USMC, ret.
Vanceboro, NC
It is pathetic, Sir. Regretably, shamefulness and low standards sum it up.
Once again GySgt you have expressed many of my own thoughts. At one time I thought the clintons were as bad as it could get but this man (I use that term loosely) and his band of criminals makes the clintons look like almost like nothing but playground bullies. I am not ashamed of what this nation once was but am truly ashamed of a complacent and greedy citizenry that are blindly allowing a lying, fraudulent, criminal usurper to blatantly seize control with the clear intention of destroying all it has been while they play with their latest electronic toys or concern themselves about truly important things like the Super Bowl or who will win on some stupid “reality” show. Trouble is they are dragging the rest of us down with them. Semper Fi
They were stupid enough to vote for him despite all the proof that he was a racist and a USA hater. And they are still just as stupid, or more so, because they will vote for him again. They’d rather see this nation brought down to European status than admit they were and are wrong. Dumb is as dumb does.
Let us also not ignore the $14 billion Obama granted to Georgia to build two nuclear power plants – announced immediately after Judge Michael Mahili threw out one of the most compelling cases painting Obama as a criminal and fraud. Dr. Orly Taitz’ case was brilliant, but Mahili threw it out. You need to read about it at http://www.orlytaitzesq.com.
He has become so brazen that he feels no reason to fear the appearance of impropriety regarding the nuclear contract. It would not have passed the sniff test if even a few months had passed, but with his profound arrogance I’m sure he reasoned, why wait?
And Obama or his lawyers didn’t even bother to show up to defend themselves at the trial. Now there’s a judge to worry about. I suspect that the equivalent of a Swiss account was opened in his name somewhere.
Supposedly the Supremes are taking up several cases that one would think would bring down Obama (like the Connecticut social security number issue). Somehow I still have faith in them except for Kagan who is a proven liar. There may be a little payback coming for the insults given publically to them. At least that is what Anthony G. Martin is reporting. I don’t know squat about him, but I sure hope he’s right.
don’t forget the ge incandescent light bulb plant in va immelt closed and moved to china.Or how about kinston,nc county that holder and obama said they couldn’t have an election because black communities were to dumb to govern themselves and was unthinkable that they belonged to another party. so obama and holder would make their choices for them!! i’ve had enough of it all.elect someone who really cares about America !! wake up people.
You are correct with respect to other closings and suspect business reasoning. There are simply too many transgressions to chronicle in a weekly column, a fact which is both absurd and insulting.
You have that right, dan bubalo. The list would cover about 50 pages or more.
I’ll slip you another tidbit Mychal. Mr. Immelt has to know a lot of retired GE employees are shaking their heads or holding them in shame so this past November he gave them a pat on the back by sending an extra monthly pension check in the mail.