A Revolting Situation

They say that nothing stinks like old money, and apparently B.O. is completely immersed in the stench (no pun intended).

Today, the British Prime Minister Gordon Brown visits Hollywood-on-the-Potomac to discuss a “New Deal for the World”.

I find it most ironic that the very nation from which we broke during our forefather’s revolution is now the country Obama turns to in order to unite in his socialist undertakings.

Back during the campaign I got a call from a fellow I knew in school.  He intimated to me that this country was in need of revolution. He always was one of those stylized, hippie-types – no need to detail it; I’m sure you get the picture.

Well, looks like he got his wish.

Welcome to the revolution.

Here we are, completely abandoning all that is reasonable in capitalism and in favor of socialist collusion with Great Britain.

You know, with no economic stability, the world will begin to look more-and-more like Haite-Ashbury, or worse, the Manson family farm, or “Wavy Gravy’s” – take your pic of collectivist utopia (I wonder what the clothed guy in the drawing is trying to explain to the nude dewd?  From the look on the naked lady’s face, he could just be explaining that his “advertising” may not be doing the product any justice – just like Obama’s great socialist promises, sounds great until you uncover the facts).

It is akin to displaying socialism as the answer to world’s ills.  What kind of sales pitch is it to use the woefully inadequate as a sales pitch for our own approach to economics?

Well, let’s think about a few facts about the situation in this model Obama seems intent on following (Europe’s model).

Their (Britania’s) banks are in worse shape than our own.

In the United States we are “running in the band” of between 15% and 25% of our Gross Domestic Product (thank you, Mr. Perot)  In other words, we are taxing and spending at a full one quarter of what we make (remember, the church only asks for 10%).  Now these statistics, you will please note, are based on data between 1980 and 2007; they do not account for the recent wanton love fest in spending of President Obama and his merry band of “revolutionaries”.

But consider the rest of the world and the financial situation they are in (trust me, we are talking about degrees of stench here – there is a saying in the hills that once it gets below 20 degrees Farenheit that it doesn’t get any colder – it is just damned cold.  The same rule can be applied to financial stench.  Socialism, even in a mild and benign form, stinks, and stinks even on ice).

It doesn’t get worse, it is the pent ultimate in revulsion; it is the absolute zero of maloderous and rotting decay.

Great Britain, in some estimates, has a ratio of 45% of its Domestic Product. Some quadrants estimate France at 2/3 of its product, and Norway is estimated at 159% of its Gross Domestic Product.

Back during the early stages of the “financial meltdown”, as it is called, I even heard one pundit describe the Royal Bank of Scotland’s toxic debt at THREE times GB’s Domestic Product (and you thought 150% was bad, Norway).

So I guess this leaves me scratching my head.  After our forefather’s had the good sense to break with all that “old” European money in order to “form a more perfect union” – why then is Obama chasing after their failed economic policies?

I suppose one could conclude that it is the Nature of the Obaman’s (after all, it would seem none of them know how to use a calculator when it comes to their own, personal taxes).

Isn’t this rich?

They keep up the same mantra of “the rich getting richer, and the poor getting poorer”, and yet they do not even pay their own taxes.

With the wealthiest in this Nation already footing the bill for 80% of the taxes raised, I wonder how much longer we can tolerate an individual who screams for revolution and yet does nothing to contribute to our Nation’s tax burden.  He increases our debt, and yet all around him, he is surrounded by people who cheat on their own taxes.

“Do as I say, and not as I do” ?

Well, I for one am not interested in teaming up with the world under a socialist banner.  We all know that this financial crisis is world-wide dilemma.  We must all face it together, but I would suggest that the best approach is to whittle away one’s financial burdens to a fraction of your income, and not approaching it as a multiplier of what you take in (one could think of GDP in relative terms as one’s own income).

Is it a wise man who borrows at a rate three times what he earns?

Big Louey probably loves such a guy (or does he).

How does a man ever re-pay his debt with broken legs?

Well, I tell ya, socialism is breaking our backs.  If you think it is difficult with gimp legs, it is overwhelming with a broken back.

Our forefathers set up a model of capitalism for us to follow.  Adam Smith’s “Wealth of Nations”, John Locke’s “Social Contract” and in modern terms even Dr. Milton Friedman (1, 2) – all espoused ideas consistent with the invisible hand of a free market, capitalist economy regulated only by the social contract (my rights end where your nose begins).  The Reagan revolution was based on such principles.

Why then abandon them for a failed economic principle (look no further than the debt ratios of Europe).

In no uncertain terms, the stench associated with Obama’s economic ideology just continues to get more odoriferous.

The only disinfectant for this odor-most-foul is a return to the principles espoused by not only our forefathers, but by other proven approaches such as Milton Friedman (1, 2), or Ronald Reagan (1, 2).

What part of this equation is not obvious? I guess the stench of socialism has overtaken any rational thought.

Thanks, B.O.