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Friday, July 22, 2011

Hail to the Thief

Hypocrisy is a form of lying in which we feign that we are not ourselves.  Sanctimony is hypocrisy combined with a holier-than-thou attitude.  The party-of-government must have invented these phenomena.  This article provides some insight.  Read what one senator had to say about the fiscal crisis and leadership.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."  

The senator was Barack Obama.  It was in 2006 as he explained his opposition to raising the debt ceiling.  Today, the Kleptocrats want a raise in the debt ceiling that is already 60 percent higher than the one Barack Obama said was ‘a sign of leadership failure’ five years ago.  Ah, but when they do it, increasing the national debt is actually an investment

Speaking of investment, it is déjà vu all over again with O-buma.  He wants to ‘invest’ tax dollars in what he called a ‘partnership’ between the federal government and an initial group of 11 major corporations.  If the past augurs the future, Congress should prevent him and the other Corruptocrats from squandering more tax dollars.  Taxpayers lost $1.3 billion on the O-bumites’ investment in Chrysler.  This was after they stole the company from its stockholders and bondholders.

So far, O-buma’s version of investing has been little more than diverting scarce tax dollars toward public and private sector unions to maintain their political support.  In the above referenced article, his scheme is to put money into Caterpillar, Corning, Dow Chemical, Ford, Honeywell, Intel, Johnson and Johnson, Allegheny Technologies, Stryker and Proctor and Gamble.  Those companies’ stockholders should beware.  Intelligent people learn from their mistakes, but the wise learn from the mistakes of others.  They could learn from the bitter lessons that Congressional confiscators taught the nation’s bankers and Wall Street firms.  It is the Tony Soprano Rule.  The reason for the loan is to take over the business.

It is little wonder that the US is in such a mess.  Professional liars run the Senate and White House.  People who are philosophically opposed to profit making control vital industries.  When it comes to making sound business decisions, Congress and their regulators could not find their collective backside conducting a two-handed search.  Will Rodgers observed long ago that the budget is a mythical beanbag. Congress votes mythical beans in and then reaches in and tries to pull real beans out.  Businesses cannot operate that way for long.

May your gods be with you.

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