Earlier this afternoon President Obama made a show to celebrate the passage of the Cap-and Trade bill in the House Friday. For those of you who do not know, this is plan to issue credits for CO2 production which can be traded among companies as a way to limit greenhouse gases which some believe are responsible for climate change. (for an opposing view watch this.) Anyway, the President extols California as a good example of how we should do things:
The problem is California is in the worst financial crisis of any state, even worse than Michigan, Because of high taxes and excessive regulations (like those for climate change) businesses are leaving the state in droves (along with jobs) so actual tax collections can't pay for everything they want to do.
The bottom line is that the things California has done which have cost them jobs and destroyed their economy are now what the President wants us to do in the rest of the country. Fortunately for me I invest in a fund which invests in Asian companies, which will pick up the jobs which we are giving up with this new law.
Also, as an aside, the President says that he wants judges to be "empathetic" but, from the tone of his statement on the sentencing this morning, he doesn't seem to mind that the judge had no empathy for Bernie Madoff, the swindler.
well, maybe he wants the judges to be empathetic cos he isn't!!! jk, anyways i don't like obama in office. His stimulus package gave me a total of 30 cents per paycheck and he's got a loose wallet [i think thats the term for ppl who spend too much...]. Anyway 2 eprops, good post!!! : )
Thanks lady! I hate to say it but it is people of your generation who are going to suffer because of all of the stupid stuff being done in Washington. I hope you can yell loud enough to be heard. I wonder what can be done to get more of you all to see what is being done to you?
I know the President is too smart to actually believe the things he is supporting. I hope he is just pandering to the people who elected him because otherwise he is trying to destroy the economy on purpose.
@fugu62 - I wonder why he really wants to be in office as president...What is his purpose doing this?
@Mac_Libureet - I think at the most basic level, President Obama and people like him assume that everyone's place in life is determined by pure luck. If someone is rich and powerful they simply are lucky and if someone is poor than they are just unlucky. They see this disparity as "unfair" and make it their job to use government power to make everything even. If they have to "punish" successful, productive people by taking away wealth and income that is OK because those people did not really earn it (they were just lucky). The flaw in the thinking of liberal/progressives/socialists (whatever Obama supporters want to call themselves) is they think people should be motivated to work out of a sense of altruism and that self-interest is just greed and selfishness. They feel if they cannot achieve their utopia of equality then they might as well destroy the society because it is immorally unfair the way it is. I'll probably fill in some details to make this a blog in itself. (I hope you had a good 4th lady!)
Comments (4)
well, maybe he wants the judges to be empathetic cos he isn't!!! jk, anyways i don't like obama in office. His stimulus package gave me a total of 30 cents per paycheck and he's got a loose wallet [i think thats the term for ppl who spend too much...]. Anyway 2 eprops, good post!!! : )
@Mac_Libureet -
Thanks
lady! I hate to say it but it is people of your generation who are
going to suffer because of all of the stupid stuff being done in
Washington. I hope you can yell loud enough to be heard. I wonder what
can be done to get more of you all to see what is being done to you?
I
know the President is too smart to actually believe the things he is
supporting. I hope he is just pandering to the people who elected him
because otherwise he is trying to destroy the economy on purpose.
@fugu62 - I wonder why he really wants to be in office as president...What is his purpose doing this?
@Mac_Libureet - I think at the most basic level, President Obama and people like him assume that everyone's place in life is determined by pure luck. If someone is rich and powerful they simply are lucky and if someone is poor than they are just unlucky. They see this disparity as "unfair" and make it their job to use government power to make everything even. If they have to "punish" successful, productive people by taking away wealth and income that is OK because those people did not really earn it (they were just lucky). The flaw in the thinking of liberal/progressives/socialists (whatever Obama supporters want to call themselves) is they think people should be motivated to work out of a sense of altruism and that self-interest is just greed and selfishness. They feel if they cannot achieve their utopia of equality then they might as well destroy the society because it is immorally unfair the way it is. I'll probably fill in some details to make this a blog in itself. (I hope you had a good 4th lady!)