Keeping America Great by Promoting Pro-Growth Policies
I believe in keeping America great. I believe that our leaders should do what is in the best interests of the American people and the economy in order for America to remain the greatest land on Earth. The greatness of America also depends on its citizens doing their part as well.
Controversy aside, the past eight years of George W. Bush has lead to economic prosperity. The DJIA bottomed at 8,000 in 2002 a year after Bush entered office, and even in the wake of the worst fake financial crisis in hundred years it is STILL twenty five percent higher. Since 2001 there has yet to be a single negative quarter of GDP growth. That is irrefutable proof that George Bush’s policies of cheap labor, deregulation, free trade, globalism, and military spending has been very beneficial to the economy. As I have reiterated many times before on iamned.com we need to elect McCain because he will uphold the same pro-growth values of George Bush.
We need to bailout the financial institutions and promote free market capitalism. Obama , on the other hand, is for protectionism and isolationism even if he doesn’t say so outright. We need to drive the dollar lower so that the price of oil, food , and gas rises even more. A falling dollar and rising commodity prices is actually good for the economy. Between 2002 and 2007 during the last bull market oil, gold, food, and gas prices all surged. There is a strong statistical correlation between rising commodities and the stock market.
American citizens need to do their part and refrain from complaining about unaffordable health care, rising tuition, expensive food, the war in Iraq ‘going on too long’, rising unemployment, and four dollar gallon gas. They need to stop complaining about Paulson’s $700 billion dollar bailout, and instead rally behind it. It is essential that the bailout is passed because it will help perpetuate Bush’s pro-growth economic policies of increased deficit spending and a cheap dollar. American citizens need to vote for McCain and need to continue to max out their credit cards. We need to keep clicking Google ads so that Google stock goes higher and buying ipods, blackberries, and iphones.
We need to widen the wealth gap, spend more, save less, and increase our credit card debt. We need to ensure that affordable education and healthcare isn’t a right but a privilege. We need to insource and outsource more labor and encourage companies to cut back on expensive, unnecessary employee benefits. Instead of offering tax breaks for companies that keep jobs in America, Obama should offer tax breaks for companies that close factories and ship the jobs overseas. That is how you promote global economic growth. That is how you keep America great.
What We Should Expect From Obama
Ever get the impression that Obama tries to hard when he debates or gives speeches? He is too meticulous, articulate, and knowledgeable. He always tries to weigh both sides of an issue instead of simply answering the question with a yes or no. When Obama is asked a difficult question it apparent by the tone of his voice that he is perturbed and insulted. Then he spews a bunch of facts and figures, and tries to make some sort of sarcastic joke that falls flat. I suggest to Obama that during the Mississippi debate he phrase his answers into easily digestible sound bites and leave the joke telling to McCain. Although McCain’s jokes may be lame they always elicit laughter from the audience.
Hopefully during the debate Obama will be asked about being a Muslim because that is still a valid issue. In order for American citizens to make a truly informed decision on November 4th there need to be additional questions regarding Reverend Wright, flag lapel pins, lipstick on a pig, Michelle Obama finally being proud to be an American, terrorist fist jabs, shady real estate deals, and bitter Americans that cling to guns, their religion, and the constitution.
Nevertheless, no matter how much Obama talks about “change you can believe in” (whatever that means) it doesn’t change the fact that that Obama is still opposed to free trade/free market capitalism, increased defense spending, outsourcing, and tax cuts for the highest income earners. These aren’t American values. These aren’t the values that the hard working, working white Americans share; a demographic Obama needs to win. There is compelling evidence that Hillary would have made a superior democrat nominee because she does believe in free market capitalism, defeating our enemies through force versus negotiation, and she has the support of hard working Americans.
The $700 Billion Bailout is Good for the Economy
There is a lot of hemming and hawing regarding the proposed $700 billion government bailout intended to purchase bad mortage loans in an effort help mitigate the worst imaginary financial crisis in the past hundred years. Not surprisingly, the boo hoo hoo pro-Obama liberals are opposed to such measures on the grounds that tax payers shouldn’t cover the tab for reckless lending behavior, and that the bailout would add to the national deficit.
This opposition to the bailout plan is yet another example of the socialist, pro-Obama liberals trying to interfeare with whats best for the US economy and the free market. Printing money is good for the economy and wallstreet. Thats why we need to bailout these financial institutions and later invade Iran in order to drive the dollar lower, and the price of oil and other commodities higher. Rising commodities and a falling dollar benefits numerous export heavy sectors such a technology, energy, and industrials. The war in Iraq created a huge national debt, but since 2003 when the war began the S&P 500 surged from around 900 to a high of 1560; a gain of over seventy percent lead by energy, technology (Apple, Google, Rimm) and defense stocks.
Rising oil, food, and gas is good for credit card companies, too. Everyone wins when there is more inflation and debt. Companies report more revenue, real wages go down, GDP rises, and stocks go up, which is good for wallstreet and working Americans. Rising unemployment coupled with inflation is also good for the economy because it indicates a labor shift from low tech jobs to high tech ones. Google for example increased its total employee count from 5,000 in 2004 to over 15,000. Facebook, which didn’t exist five years ago, now employs 500 people. Twitter, another web 2.0 start up, has a rayroll of 150 computer scientists. This is real job growth that you won’t hear about from the boo hoo hoo, anti-free trade, anti-outsourcing, Obama liberals who are preoccupied with factory closings.
Also consider that the US government took in $2,518,680,000,000 from 168,808,955 tax returns in 2006 source.
$700 billion dollars is less than thirty percent of yearly taxpayer income. Furthermore, $700 billion is just seven percent of the total national deficit. One of the reasons that the US can incur so much debt is because the US government brings in so much income from taxes. And the resulting gains in the stock market make it all the worthwhile. The DJIA surged from a low of 10,600 last Thursday to a high of around 11,400 in just two days on news of these bailouts and SEC restrictions on shorting. Imagine how more the market will rally when the $700 billion bailout is approved by congress. So in actuality $700 billion seems petty when you put it in perspective, especially when you consider the economic growth that would stem from this bailout. This is why we need to give Paulson our heartfelt support and get this bailout approved as soon as possible.
Obama Set to Debate McCain in Mississippi (and lose)
If there are two things liberals a good at it is complaining and losing. Liberals constantly bemoan the imaginary credit crunch/crisis, the fake recession, the non housing bubble, the rising oil, the rising gas prices, the rising consumer debt, and the war in Iraq ‘going on too long’, are just a handful of examples.
Liberal politicians are also adept at losing, a skill that will be put to test when Obama debates McCain on September 26th at the University of Mississippi. This will be the first debate between Obama and McCain, and therefore the stakes will be very high and the media coverage will be intense. The obstacles that Obama faces in this debate are the same that he encountered during the Rick Warren interview, which is that Obama gives rambling, scholarly answers that are heavily laden with liberal, anti-American, socialist rhetoric. Also working against Obama is the fact that McCain is a war hero and good American, while Obama and Michelle belittle small towns people who cling to guns, religion, and the constitution.
For the past six months McCain has been conveying his energy, economic, and foreign policy solutions though his townhall meetings. Obama, on the other hand, was busy calling people bitter while shopping for Arugula at Whole Foods. Numerous times McCain offered Obama the opportunity to debate him in one of these townhall meetings, but Obama refused. Why? Because Obama’s platforms are innefective, socialist, and anti-free market.
During the debate McCain will crush Obama on the issue of Energy. Obama has no solution to rising gas and rising oil while McCain supports offshore drilling and nuclear power. True, the oil may not be on line for ten years, or that the rigs are unsightly and detrimental to the environment, and the increase in supply may only shave a nickel off the price of gas, but that doesn’t matter. Atleast McCain is offering solutions, which is resuring to voters. Voters want defense/security (Invade Iran), more money (tax cuts for the rich), family values (teen pregnancy), and gas tax hollidays. They don’t care about such trivialities as the environment, rising deficits, or wire tapping.
There virtually no way Obama can come out ahead in this debate and the election. Perhaps if Obama changed his platform to support all forms of oil drilling such as opening up the Alaska Wildlife Refuge, advocating teenage pregnancy, giving tax breaks for oil companies, invading Iran, and raising the deficit to bail out financial institutions he could resonate better with working, hard-working Americans, white Americans. After all, as I wrote yesterday huge bailouts are good for wallstreet, middle America, the economy, and the free market. And Hillary DID win the popular vote. According to the polls it’s proving to be fortunate for McCain that Obama still doesn’t get it.