Hindsight is always 2020. It is always easier to point out what has gone wrong than it is to do what is right while events are unfolding. A good example of this is what is going on right now in the Gulf of Mexico.
There are no winners coming out of this disaster but there are plenty of things that will be lost. The first casualty is of course the environment. The amount of crude oil leaking into the ocean will certainly not help the sea life any dead fish or animal that will be washing up on shore is going to be viewed as directly related to the oil spill whether or not it was. The second casualty will be the economic dependence on fishing in the Gulf of Mexico. This is being added on to the already bad economy that we have been experiencing for the past year and a half or longer.
Recently, there was a study group formed for the sole purpose of finding out how much money they could convince taxpayers in southeast Wisconsin to waste. It consisted of four people. They kept it to a small number because why have a large committee formed with a predetermined outcome? They were formed to see if it would be feasible to continue a political agenda of pushing forward a streetcar program in downtown Milwaukee.
The result Iran already. And surprise, surprise! The committee voted 3 to 1 to push forward the agenda and begin construction of the streetcar program. I was hoping it would be unanimous. Apparently one person forgot that he did not have to be objective. It so now, in addition to the buses, we are going to have another public transportation form that can be taxpayer-funded and grossly underutilized. And another surprise-Mayor Tom Barrett who was also running for governor, is in favor of this. Well, isn't this just a red letter day for tax-and-spend progressives!
As we turn the pages off our calendar and move further into 2010, we review the economic numbers from the previous month and determine whether or country and its economy are moving in the right direction. Last Friday, after the unemployment numbers came out for April, President Obama made a statement saying that his tough yet unpopular policies that they made the hard decisions to pass, are working and producing results. Let's take a look at those results.
The unemployment rate went from 9.7% up to 9.9%. When President Obama took office, it was less than 8% but on the way up. The national unemployment rate has been above 9% for a year now. Has he economic recovery act work? It clearly has not. But we are seeing the results of what Obama has done. It has slowed the economic recovery and produced a high unemployment rate that will be high for months to come according to economists. According to government economists.
It has been just over a year and a half when Congress orchestrated the TARP build to rescue the banks and save the American economy from fiscal collapse. It was then that the word bailout became part of the American political fabric. Since that time, the banks that had been lent the money I paid it back with interest. This was supposed to be the investment that taxpayers have hoped for that paid off and resulted in a profit. Even if it was a small profit. But since that time, the TARP money has become a political slush fund for the president and his administration.
Populist attitudes was supposed to put an end to the bailouts. The government bails out the banks, and then they become the enemy. Even though they paid us back, we have to impose a tax on them. Of course I won't be passed on to consumers. We bailout the auto industry and the president makes jokes about it. He doesn't want to be in the auto industry. Then why is he? Now we are bailing out countries like Greece. President Obama has committed billions of dollars paid for by the US taxpayer to bailout crease with all the consent of Congress. Yet this bailout is receiving little attention from the mainstream media.
A few short weeks ago, there was a 900 point drop in the Dow Jones industrial average that occurred within about a half hour's time. Why this happened, I don't think we know for sure yet. This is been called the "flash crash." The stock market recovered within the hour and outside of the panic, it was a fairly normal trading day. Yet Congress has to have an inquest on this. Why?
It has been blamed on computer glitches, fat fingers, and other things that turned out not to be the cause. Yet Congress and the administration is all up in arms about this. Earlier this week, over a three day period the Dow Jones industrial average dropped at least the same amount of points. Yet investors are just supposed to take the losses as routine. Well, that's part of trading so why is an event that is spread out over three days it has the same result okay but when it happens within an hour we need to regulate the financial markets?
There's a lot of anger out there!
Is there? Yes and no. The past several months, political polling has shown that Barack Obama has been hovering around a 50% approval rating. Although it is predictably down from his high he's just after his inauguration almost a year and a half ago, they seem to have leveled off. What are the reasons for this?
Although I like to sometimes believe that there are a lot of Americans who share the belief that we are being taxed too much by a government that is too large and spends way too much money, or sometimes seems to be an equal amount of people who are willing to pay higher taxes. And they just don't raise taxes on themselves, they raise them on you and me too.
Tax-and-spend liberals are now making the rounds with a new statistic: taxes are as low now as they were in the early 1950s. Translation: it's time for a huge tax increase. I don't know what they base their belief on, but there are far too many tax-and-spend liberals who have their handout to receive whatever they can from any government entity, yet only pay the minimum when it comes to paying payroll taxes. If they believe governments are not getting enough of people's money, they should start by chipping in their own money and leave others out of it. How about cutting spending?
After five weeks of oil leaking out of the floor of the ocean in the Gulf of Mexico, President Obama, in an un-presidential form, has come up with a solution of what needs to be done-"Just plug the damn hole!"I'm sure many Americans were thinking, golly! I don't think anyone has come up with a solution yet. Thanks for showing some leadership, President Obama.
Several weeks ago, many people are thinking that this will be President Obama's Katrina. From and after a couple of weeks of thinking no, this isn't that big of a catastrophe, it may turn out to be President Obama's Katrina. It is a disaster that is affecting states in the Gulf of Mexico, a presidential response was not as swift as we would have liked it to be, and there does not seem to be a fast and insight that will put some normalcy back into the lives of the people among the Gulf states.