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Ask Not What Your Country Can Spend For You. Ask What You Can Spend For Your Country

PhotobucketI am no economist but in reviewing the assessments and suggestions of major economists there seems to be some very valid suggestions, at least from what a layman like me can understand.

Despite my lack of economic expertise, I do know the basic fundamentals of the economy and I believe my understanding of those fundamentals is what can sometimes create some confusion when reviewing the advice of so called financial experts and leading economic government officials.

All the suggestions offered by them are based on spending.

Spending is what grows our economy. The more we consume and spend, the more that is produced. The more that is produced increases the need to employ more people to meet those production needs. By employing more people we are empowering others to spend more and from there the cycle continues in an ever growing circumference of increased wealth.

Sounds pretty simple. Yet other factors help to complicate things and break the seemingly simple and free flow of this cycle. Things such as unexpected shortages of materials, import and export troubles, natural disasters which influence the chain of events, and many more all factor in the process.

While understanding this, what is responsible for the current economic crisis?

Has there been some sort of natural disaster that has depleted a particular basic and essential resource that our economic cycle relies on? Has there been a total collapse of certain industries which have thrown the cycle off with an inordinate amount of unemployment and consumption which further deteriorate the supply and demand cycle?

To a certain, small extent, events like that have taken place but not in some kind of all consuming way. There have been droughts effecting crops and downturns in some markets that have produced layoffs. But none have been to the extent which has, for example, made wheat crops extinct or stopped cars from being made.

So what’s the problem?

Well in my unprofessional, economic, opinion, the problem is rooted in something that government financial experts are not discussing. In fact, in my opinion, most solutions being initiated by government officials, past, present and future, are the problem. They are trying to put icing on a cake before they baked it. They all promote spending.

In tune with the laws of supply and demand, spending is good. However; the focus on spending has been accentuated and promoted so much and for so long that it has brought about a couple of misguided generations that have taken that advice too far.

As a society we have become accustomed to spending more than we have, and responsibly. should.

The predatory promotional practices that financial markets undertake ,in an attempt to make more money of their own, is a big part of the current economic crisis. It is a crisis brought about by the chickens coming home to roost and the bill coming forward to be paid.

We have taken the advice of Republican and Democrat leaders and we have spent. The government has even taken their own advice and spends. The government has spent money in order to give us money to spend with. They call it an economic stimulus. The problem though is that

  1. The government doesn’t really have enough money to do that. They have their own, our own, deficit, and…….
  2. The money they gave us back in this so called stimulus package was ours, so maybe they should have taken less from us in the first place.

Those two points alone raise doubts about the soundness of the “spending solution” given to all of our problems. Yet, those in charge still offer it as the most sound solution to our problems. They even go a step further and ask people to not save any of the monies given out in stimulus packages.

Although I do not have a problem with spending,………. all you have to do is tag along with me at clothing or shoe store to realize that,….. I do have problem with spending money that we don’t have. And there in lies the problem.

The promoting of spending practices has created generations of spenders. These spenders don’t even use real money. They use plastic. We all use plastic. In some instances you can’t even pay for a good or service without credit.

This has led to our getting accustomed with living on borrowed money,……. plastic,……..fake money.

For decades now, the government has encouraged this practice. Government policies have encouraged borrowers and lenders to enter into deals that neither can really afford. The greatest example of this was the Homeownership Initiative that was created under the Clinton administration. It forced lenders to make a significant number of loans available to unqualified borrowers, borrowers who could not pay these loans back. The practice was so popular that it helped to create the banking crisis that ushered in the current crisis.

The promoted “spending” solutions that have dominated our problem solving efforts with the economy are, in and of themself, part of the problem.

Americans need to get back to an economy that is based on sound fiscal policies. That statement brings into play many suggested economic theories and actions but when I write “sound fiscal policies” I am not making reference to some deep epistemology of mankind or the ontology of finances. Nor am I debating the importance of the Keynesian school of thought. I am simply saying that society…..our citizens, needs to begin living within its means.

If one is not sure if they have enough money to put food on their plate, they should not be buying cell phones and using it to send out text messages asking if they can borrow money for dinner. I mean I am sure AT&T or T-Mobile appreciate the fee that your purchase and contracts will cost you but you will they be pleased with the bill collector that they have to employ to get their money.

My point is, we have gotten away from living within our means. We have become accustomed with living life on borrowed money. This practice has brought us to where we are today. And truth be told, there is no end in site.

I believe that we are about to enter a very tough transitional time that will last for many years. It is a time that will have us getting familiar with living within our means.

Doing so will mean less spending. Less spending will lead to less employment, and so on and so on. But this does not mean that the sky will fall and the economy will ultimately implode. It means that we will endure a difficult adjustment period but once we have become reacquainted with real money, sound personal financial habits and living within our means, the economy will eventually stabilize and growth will again be seen.

I am not alone in this thinking. Former Tennessee Senator Fred Thompson has recently made a video addressing this same issue. In it, he takes a tongue-in-cheek approach to our current “spending solutions”.

Take a moment to view it. You’ll get a kick out of it. It left me wondering where the Fred Thompson, that we see in this video, was when he ran for the G.O.P.’s presidential nomination?

 

punchline-politics21

Post Election Toast

The Election Is Over, The Results Are Known.

The Will of the People Has Been Clearly Shown.

So Let All Get Together And Let Bitterness Pass

I’ll Hug Your Elephant, And You Kiss My Ass.

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WHO WILL LEAD REPUBLICANS BACK INTO POWER

As the GOP recovers from a drubbing at that ballot box that served them with an eviction notice at the White House and a foreclosure on many seats in the house and senate, a reorganization is in order.

Crucial to a successful reorganization is the selection of it’s next national chairman.

Florida Senator mel Martinez

Florida Senator Mel Martinez

After the losses which cost them their majorities in the house and senate during the 2006 midterm elections, the powers that be, hastily installed Florida Senator Mel Martinez as the new chairman. At the same time they also elected Mike Duncan, a veteran political strategist and former Treasurer General Counselor to the RNC, to run the “day to day operations” of the national committee. In other words Duncan was actually the Chairman and Senator Martinez was to be the face of the party.

It was an arrangement that did not last long.

A few months into this arrangement, Senator Martinez stepped down and Mr. Duncan had the title all to himself. Not that it mattered. Whether it was his fault or not Republicans were outspent, out argued , outmaneuvered and voted out.

Outgoing RNC Chairman Mike Duncan

Outgoing RNC Chairman Mike Duncan

I will not blame Mike Duncan for the hemorrhaging of Republicans in this election cycle. That began before he took office, less than a year ago, and it simply continued for the time period that he was in office as chairman. It is more than likely that no individual chairman of the RNC could have prevented the losses Republicans suffered but we do know that the chairman did not help prevent them from happening.

So I do not blame Mike Duncan but I do harbor ill will to the party officials who gave up after 2006 and installed quick replacements to head up the Republican party. It was quite apparent that the party was simply trying to just get through the last two years of President Bush’s term in office. The RNC leadership were more like caretakers than leaders. They did not seek to adopt a leadership that was cutting edge and enthusiastic about revolutionizing the capabilities of the party organization and preparing us for the mother of all elections, the presidency.

It is the same complacency that helped cost Republicans their majorities in congress. Elected officials lost the anti establishment thinking that won them favor back in 1994. After becoming “the establishment” they slowly began to forget that government was there to work for the people not for the people running government.

So here we are saluting a new President-Elect, a new Democrat President-Elect. One who will be partnering with a majority of legislators who are also Democrats.

It might sound depressing to fellow Republicans but the truth is it is that for a number of reasons it is not depressing:

  • Can’t Get Much Worse -We have just about bottomed out. It truly can’t get much worse so the prospects for improving our numbers in the next election are good.

 

  • Liberals Gone Wild -With Democrats in total control of government, there is little to hold them back and prevent them from showing their true colors. When those true colors come out, Americans will realize that the direction they offer is too sharp a turn to the left for their tastes. The last time they had total control was in 1993 when Bill Clinton was President. After two years of liberals gone wild, Americans gave control, of both the house and senate, to Republicans for the first time in forty years. It was something that Republicans could not achieve on their own. It took the combined left leaning radicalization of today’s Democrat party to bring that about and it is about to happen again. In fact the greatest challenge that the new President will face comes from his own party. He will be struggling against them and fighting them in an effort to lead from the center rather than the left.

  • The War – Although the economy helped push the war off the front burner, the changing tide of the surge in Iraq also made the war less of an issue because violence and combat was down and it was being won. The war in Iraq did not help Republicans in this election cycle but not because it was unnecessary, as democrats claim,  but, as I explain in the link referenced here*, Americans became weary and leery of the war. While the surge was delayed and the administration wavered, violence spiked as a result of a resurgence of radical Islamic terrorists in Iraq. That is when Democrats successfully exploited a declining resolve to continue an effort that people were beginning to think was becoming a quagmire. Since the increased deployment of troops into Iraq, the situation improved and there is light at the end of the tunnel. As a result, despite the cries of candidate Obama to end the war, President Obama will not be withdrawing all of our forces from Iraq anytime soon.  Now that he has seen the national security data that demonstrates the dangers of his misguided promises as a candidate, as a President he will not be so quick to screw things up. Ultimately Republicans will be proven right on the issue.

 

  • The Economy – Typically our economy goes through cycles of growth and contraction every ten to fifteen years. More accurately, just about every 11 years, we encounter economic turmoil brought on by the cumulative effects of industrial shifts, world events and other related circumstances. That being said, it is how we maneuver through these cycles that determines their severity and the length of time that we endure them. The liberal propensity to raise taxes and redistribute wealth during these times does not help. Those policies simply deepen the crisis and draw out the cycle. If the knee jerk, liberal tendency towards more taxes and an expansion of government does occur, Republicans will be able to stem their losses and start increasing their numbers. The current crisis that we are experiencing is not a result of Republican economic policy. It is a result of their complacency and unwillingness to differentiate themselves from liberals when it came to spending. Our own President had no problem with cutting taxes, a good thing, but he also never cut spending and neither did fellow Republicans in congress.

All of this allows for those Republicans, who are in office, to offer alternatives to the counterproductive liberal agenda that will undoubtedly dominate national policy. To effectively achieve that, Republican members of congress need to reestablish their fiscally conservative roots and inherent sense of an offensive strategy when it comes to national security. The fact that, as Republicans, we choose to eliminate threats rather than tolerate them will be made much clearer with liberals in control and it must not be ignored.

Now that Republicans are not in control we now have the luxury that Democrats had. The luxury of not having to defend our leadership. Democrats will now have the chance to be held accountable for everything that happens. They will have to take blame for the results of increasing taxes, increasing unnecessary regulations and increasing the size and cost of government. With their leadership comes responsibility. With responsibility comes credit as well as blame. After eight years of taking blame for all that is not liked, Republicans can now luxuriate in being able to place blame on Democrats as they have done to Republicans.

But while those Republicans elected to congress do their job by providing alternatives to liberal policies and maintaining their role as the loyal opposition, our political leaders must hit the ground running.

The question now is, who is best suited to reorganize and reinvigorate Republicans? The person needed to rally Republicans must be articulate. But a good speaker is not all that we need. The person who is made the new chairman of the party must have a passionate desire to advance the cause, incredible organizational skills, the ability to delegate responsibilities to the right and most qualified people, endless energy and stamina as well as creativity and resourcefulness and a proven record of success.

The new chairman needs the same type of vision and commitment to conservative principles that the freshmen members of congress who were elected in the 1994 Republican revolution had. The new chairman must have a vision which understands that the best government is the government that gets out of the way and allows freedom to flourish by defending it at home and abroad and by insuring that opportunity is available to all.

Currently, there are seven frontrunners. They include:

Steele

Mike Steele

Michael SteeleGOPAC , former Lt. Governor of Maryland and unsuccessful candidate for US Senate in 2006.

Chuck Yob

Chuck Yob

Chuck Yob – Successful Michigan businessman, GOP fundraiser and Michigan National Committeeman

Saul Anuzis

Saul Anuzis

Saul AnuzisChairman of the Michigan Republican State Committee

Alec Pointevint

Alec Pointevint

Alec Poitevint – Georgia’s Republican National Committeeman

Katon Dawson

Katon Dawson

Katon DawsonRepublican Party Chairman of South Carolina , the state that had the best performance for Republicans during this election cycle.

Jim Greer

Jim Greer

Jim Greer – Florida’s Republican party Chairman

Chip Saltsman

Chip Saltsman

Chip Saltsman – A former Chair of Tennessee’s GOP and the former campaign manager of Mike Huckabee’s failed candidacy for the Republican presidential nomination.

Mike Huckabee

Mike Huckabee

Speculation has not only Huckabee’s former campaign guru on the list, Mike Huckabee himself is rumored to be a potential contender. So is one of Huckabee’s former opponents for the GOP presidential nod, Mitt Romney.

Of all these names the one person who I believe could do the most for the Republican National Committee is Mitt Romney.

antrom11

Mitt Romney

Romney has been successful at every job that he has undertaken. He is passionate. He is articulate, savvy and has an eye for recruiting those who are the best at their jobs. Mitt Romney could do wonders for the party. He would be able to provide the GOP’s highly rated, get out the vote, 72 hour program with great improvements and he would create a top notch center for Republican organization, communications, fundraising and creative strategy.

Problem is that I want Mitt Romney to be able to run for President. I am looking forward to either him or Sarah Palin being our 2012 nominee. Becoming the political leader of the party does not help him establish the bipartisan image that a Presidential nominee needs. If he did as a good a job for the party as I think he would, having been the chairman of the party he rebuilds, could help him get the party’s nomination though.

However, I feel that a truly smart RNC chairman would involve Mitt Romney and utilize his expertise. Doing so would keep Romney free to expand his nonpolitical credentials while still allowing for his Midas touch to assist behind the scenes.

As for the other names mentioned, Mike Steele, Katon Dawson and Jim Greer are the only names that really interest me. Each of them have demonstrated ideological superiority to one extent or the other and have achieved outstanding results for Republicans.

Former Maryland Governor Bob Ehrlich

Former Maryland Governor Bob Ehrlich

One name not mentioned but is at the top of my list, is former Maryland Governor Robert Erhlich. After losing reelection in the 2006 GOP sea of change, Bob Ehrlich has not been discussed much. That is a shame because he happens to be one of the best in the newer generation of conservative politics. He was the first Republican to be elected governor of Maryland in almost 60 years. Through it all Ehrlich maintained his principles and conservative ideology. Not once did he try to win favor by acting like a democrat. Instead, he successfully implemented conservative ideology into government application. He also happens to be articulate and effective in his ability to explain and deliver the conservative message.

 

Sometimes referred to as a Kempite Republican, Bob Erhlich could be just what we need to rekindle our spirit and rally the cause.

Whoever the grand poobahs of the GOP hierarchy install as chairman, it is my greatest hope that they recruit the right people to carry out the mission that is ahead.

Patrick Ruffini

Patrick Ruffini

People like political Internet champion Patrick Ruffini who could incorporate the most cyber savvy organization politics has ever seen and Ralph Reed who is a master at reaching out and organizing the grassroots.

Ralph Reed

Ralph Reed

Being the minority party is not a problem to be feared. Becoming the minority is what we needed to fear and now, we are there.  So the worst is over. Now we have the chance to take advantage of what Democrats took advantage of for a long time, minority status and the ability to place blame on the powers that be that comes with it.

From here we can only come back, and if we take the right steps, we can come back quickly. To do so will require that our first steps be the right steps . In this case that would be done by picking the right person to map out our future and recruit the brightest lights to help illuminate the fast track to the reinvigoration that the party is capable of.

punchline-politics1

 

Q: What’s the problem with Barack Obama jokes?


A: His followers don’t think they’re funny and other people don’t think they’re jokes.

 

 

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