Showing posts with label Fed. Show all posts
Showing posts with label Fed. Show all posts

Wednesday, September 28, 2011

Stashin' Passion


You probably recall an interview from Detroit shortly after President Obama was elected. The woman who was the subject was ecstatic because she believed that the President was going to give her and others some money. When asked where she thought the money would come from, she answered “Obama’s stash.” I’m certain that many of us chuckled at her apparent naiveté. It seems, however, that at some level she was correct. Obama does have a “stash,” but the Detroit lady’s cut will be much smaller than she had expected. On the other hand his big business cronies have been faring well.

The President may have been a lowly community organizer when he ran for the Illinois State Senate, but he learned the politics of the Chicago streets very well. “The Chicago Way” requires an unflinching and unrepentant commitment to rewarding one’s friends and crushing one’s foes. All progressives and most Democrats believe that they have a proprietary interest in public funds….formerly your money. Once the taxes or fees have been coerced or confiscated from citizens, they become the personal bankroll for the leftie politician. The money can be budgeted for programs and policies that favor groups that are safely ensconced in the leftist voting bloc.

While directing advantageous budgetary allocations toward compliant groups is an important element of leftist politics, the recipients must be continually reminded who their benefactors are. It follows, therefore, that massive funds are required to “inform and educate” the masses so that their voting will allow the looting cycle to continue ad infinitum. To effectively reach the people with a message of beneficent government requires massive amounts of funds. Soliciting campaign money from the smaller recipients of government largesse can be an effective strategy, but $25 and $50 donations will not accumulate quickly enough to underwrite a broad based ad campaign.

Entering from “stage left” are the idealistic dedicated leftists who have entered the world of capitalism by becoming innovative entrepreneurs. Like many progressive lefties their ideas of “ought to” are rarely grounded in reality. Their innovative concepts may be intriguing and creative, but the market and consumer demand are not yet favorable for their products or services. Some of their concepts are politically correct, but can never become commercially viable….unless they can secure a “sugar daddy” to underwrite or finance their trip into dreamland. Other development concepts are more feasible, but why invest your own assets when government is available to provide funding? Two glaring examples stand out. The Solyndra fiasco in California and the Petrobras development in the deep water off Brazil are representative of the type of cronyism this administration has employed to reward political friends and contributors.

Given the two examples that have been cited, it should be clear that President Obama has distorted the so-called “stimulus” funding to reward his political allies. As the Federal Reserve Bank cranks out more dollars, the President’s friends are rewarded by raids on public funds, and the citizens of the nation are penalized with increasing debt and decreasing currency values. The Obama “stash” has been found. It is not a vault at Fort Knox. It is not a shoebox under the President’s bed in the Whitehouse. It is not Al Gore’s famous “lockbox.” The Obama stash is a keyboard in Ben Bernanke’s office at the Fed. Those stash-driven keyboard strokes are underwritten by higher prices for consumers, and an increasingly uncertain economic future for Americans. The Obama stash ultimately begins and ends in your pocket, but the lady from Detroit is still waiting for her cut from the stash. I suspect that she’ll vote for him again because she does not yet understand that the “stash” is a myth, and his promises to her were meaningless. Meanwhile, George Soros enjoys the profits from Petrobras, and the Solyndra executives plead the Fifth Amendment. The Obama campaign re-election fund continues to grow in anticipation of another four years for looting the people of the United States and dashing the dreams of the Framers and the Founders.

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Friday, August 26, 2011

Consistency of Character


Consistency of character is something that not many of us can claim. We all want to be viewed as people who can be relied on to do the right thing time after time. Unfortunately most of us can recall instances where we failed to come through when someone or some occasion needed our strength and our assistance. Even without the descriptor of character attached, consistency is difficult to accomplish. For those of us who are parents we have often second-guessed our inconsistent guidance for our offspring. Consistency is a highly-valued trait in professional sports….with limitations…. a consistent .100 hitter will find himself consistently re-assigned to a lower league. Consistency is a valued attribute when it is productive or represents a favorable behavior. Consistent character in the lofty world of national politics is truly rarified air. The term “flip-flop” has more social relevance today for chameleon-type politicians than for flimsy footwear.

It is time for a mea culpa. Back in my ultra conservative GOP days I thought Ron Paul was a somewhat looney nagger. His constant harping about the Constitution and the abuses by the Federal Reserve seemed quaint but somewhat far-fetched…..a little “out there” if you know what I mean. But time and circumstances have moved us all “out there” as we realize that Dr. Paul’s predictions were “spot on.” The unconstitutional forays into “never never land” by Congress and administrations have resulted in a massive, intrusive, expensive and inefficient government. The secret manipulations by the Fed when added to the known digital creation of money from thin air have led to the value of our currency becoming debased while the specter of runaway inflation haunts us. Ron Paul has understood the gaping faults within the Federal Reserve for a long time, and we ignored him.  The current knock on Congressman Paul from his detractors involves his foreign policy positions. They accuse him of being an isolationist, or naïve…..or “wacko.”

The title of this piece is “Consistency of Character,” and if one is to be faithful to the Constitution, one must be consistent regarding domestic policy, foreign policy and government-citizen interactions. As I have written in previous columns, the United States Congress has not DECLARED war since December 8th, 1941. Consistent constitutional adherence would not permit the multitude of military actions that we have pursued during the past 70 years. To praise Dr. Paul’s constitutional integrity regarding the size and scope of government while condemning his constitutional foreign policy stance is both hypocritical and self-serving. If Dr. Paul’s critics want him to become a flaming interventionist who spends trillions of dollars and countless lives, they should amend the Constitution to allow for frequent willy-nilly military operations against every perceived threat, real and potential, with a minimal legislative or constitutional justification…..rather like we have been doing for seven decades. The chief reason that no war has been declared in all that time despite our being in nearly constant conflict for the entire period is that Congress and the presidents have lacked the political will and courage to take a recorded stand. Cowardice should not be rewarded…..nor tolerated.

Now, regarding Mr. Paul’s specific stand on Iran and the nearly universal gnashing of teeth and wailing about his unwillingness to initiate aggressive military action against the Iranians, in a previous column (“Do Something”—8/19/2011) I identified several nations that are legitimate threats to the security of the United States. That number has increased with the events in Libya. That nation is on the verge of anarchy with tribal, regional and ideological factions all vying for power. At stake is the broad range of weapons of mass destruction that have been sequestered throughout the country. Those armaments are particularly vulnerable for acquisition by groups committed to terror. Iran certainly is a threat…a considerable threat with no air force or missile delivery system …but to focus on the potential of Iran without watching the reality of other threatening countries would be….could be…a disastrous oversight.

Dr. Paul thoroughly understands that fixation on the enemy du jour could lead to a devastating consequence for our nation. He believes in a strong defense and a powerful swift response if any nation directly challenges our people. Those who would dismiss Congressman Paul as a serious contender for the presidency because of his foreign policy views are hypocritically disingenuous. It is radically hypocritical to laud Mr. Paul’s steadfast consistent compliance with the Constitution while decrying his constitutional position with regards to international ventures and military action. It is disingenuous to insist that the only true leaders are those who violate the Constitution by sending our armed services personnel into harm’s way while playing the role of chicken hawk cowards who are unwilling to go on the legal record to justify their actions.

Consistency of character is a commodity that is rare in the halls of political power. Honesty and integrity are also in short supply. For those of you who are or may know someone who is a serious follower and believer of faith, you may be aware of how some people like to ridicule believers and poke fun at their faith. It is similar to someone like Dr. Paul who takes his oath of office seriously but is the target of derision by those who claim to support the Constitution. There are three valid remedies to this situation: amend the Constitution, stop falsely claiming to support it, or engage in a serious examination of Dr. Paul’s positions in the light of constitutional awareness. If you, yes You, truly want a restoration of constitutional government for our nation, you must perform your due diligence and request that other candidates stop claiming to be followers of the Framers while they pursue their interventionist world-policeman and unconstitutional foreign policies. Let’s be consistent.

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