The President is Toast!

I screwed up. After months of hating Obama and pleading with people that Obama was going to destroy the fabric of capitalism and bring an extreme left ideology to the Oval Office, I blinked for two weeks. I think it was the week prior to and after inauguration when it sounded like the guy actually had ambitions to be a middle of the road President with a focus on fiscal restraint, hawkish national security views, and a willingness to shut out the extremes of both parties to forge bipartisan agreements.

WHOOPS!

I am back to the thinking the pre-inauguration Obama, the one that had coffee's with Ayers and broke bread with extremists (That would be Palestinian Liberation buddy Khalidi) from any and all walks of life, is back with an even more aggressive approach to taking America on a course from which it may be hard to return.

Lets look at the evolution of the Green Energy and Infrastructure Stimulus Bill. About $800B all in. Green energy and Infrastructure don't even crack a quarter of the bill's total. And when anyone dare's to question the amount of pork in the bill or why we are rushing into such drastic action, we are quickly told that this isn't actually Obama's idea. In fact, this is the idea of "TOP ECONOMISTS." Well now I'm comforted. Our President is using pretty basic negotiating tactics to scam American's into believing its spend or bust.; HIDE BEHIND THE 'EXPERTS.'Chuck Schumer is telling us that American's really don't care about what's in the bill, just as long as its big. And Obama is threatening us with a "get behind me or die" approach that is reminiscent of McCarthyism. Round up the disloyal in hold them accountable. And thanks, Mr. Biden, for letting us know your scientific approach to the bill where there is a 30% chance we "might get it wrong." Well said.

What strikes me as even more hilarious is what people are saying when told Obama is fear-mongering his way into a massive spending bill; "Well, fear is the same approach Bush used to get us into Iraq." HA! When we tallied up the votes based on intelligence info presented to the Senate, nearly 100% voted in favor of the right to use force. But when the Dem's shove close to $1T in untimely, un-targetted pork onto the agenda, the vote was nearly 100% on party lines. Hey folks, guess which party actually as moral fiber?

Now, let's look at Timmy Geithner's down 400-point introduction and follow-up commentary about the bank fix. So it basically sounds like he is re-wording TARP, executing the same plan, but he gave it a name. That's brilliant. The guy supports Lehman going under, saves everyone else, and can't figure out tax day is April 15th every year..yes, even in a leap-year! Sounds a lot like McNabb not knowing there are tie's in football. Either he's a liar, or an idiot. I am going with liar, since he is way too smart to be an idiot.

SMART, btw, doesn't mean much. I was taught my first month on Wall Street that "brains are a dime-a-dozen on Wall Street, but very few people make it big. When you figure out the difference, you will make it." The difference, as best I can tell, is intangible but involves pride, self-respect, grit, anger, ego, and relentless pursuit of goals. Geithner has none of these traits because if he did, he would've either let ALL the banks failed and just gotten through the pain already, or he wouldv'e saved ALL the banks and just accepted that the next 20 years marking the "wasted 2 decades" as we un-wound layers of government spending that completely crowed out any private sector investment. What is it with these politicians? Always half pregnant. Spend and cut taxes, raise taxes and spend more. But never committed to any discipline that ever works.

Write this down - Republicans having finally found a purpose again and I predict that, as soon as structurally possible, Republican's will be back in power in Congress and Obama will be a one and done President as unemployment creeps into the double digits and the Chinese follow up on their displeasure with the Stimulus Bill and refuse to fund our deficit further.