Category Archives: Barack Obama

Updated: Barack’s Bitches

Barack Obama, Business, Capitalism, Economy, Fascism, Law, The State

Michelle Malkin makes an important, if limited, point when she writes the following about the ponces in Congress. They indeed have some nerve pointing fingers at other parasitical incompetents:

“How nauseating to hear the growing chorus of lawmakers on Capitol Hill inveighing about the AIG bonuses and the rewarding of incompetence. This, after the Senate refused to give up automatic pay increases for themselves and Nancy Pelosi refused to give the measure a hearing. Congress sez: Incompetence bonuses for me, but not for AIG. Spare me.”

Of course, “Congress played major role in AIG mess,” as it has in our credit woes.

But the larger issue here is interventionism. You may be surprised to learn that I am completely indifferent to anything that our Kenyan kleptocrat inflicts on business leaders and their bonuses if they have been bailed out.

Take what you get; you’re Barack’s bitches now.

Economist Ludwig von Mises warned that the road to socializing the means of production is paved with interventionism. Middle of the road interventionism leads directly to socialism.

AIG has made common cause with the State. Now that the State owns a good chunk of the company, it gets to regulate and terrorize its corporate lackeys; take over operations completely, and sink the whole sorry ship with all on board.

And don’t let anyone on the Left try to tell you that this is the culmination of the unfettered free-market. Lies. This is the outcome of fascism, corporate cronyism. Let those who partake in this system suffocate in its deadly embrace.

Capitalism, The Unknown Ideal, would have allowed unviable industries to fail. Under freedom, no one would survive at the expense of another.

Update (March 18): The corrective chaos that’ll come with state takeover is obvious: companies, CEOs especially, will see that it is better to go bankrupt, and look for other, honest employment, than become the state’s bitch. How can anyone suggest that the contracts of those who suck at the state’s teat ought to be sacrosanct? As far as I’m concerned, state employees ought to be denied the vote too. Contract law is a feature of the voluntary free market, not a prerogative of the plundering class.

Big-Time Beggars

America, Barack Obama, Bush, China, Federal Reserve Bank, Inflation

The political class yaks about the fiction of our dependency on foreign oil markets, exploded in “The Goods On Gas.”

We are to believe that, while gas trading is oh-so dangerous to America’s national security, accruing debt and selling it to China—that’s just dandy.
China, reports Bloomberg.com, is worried that its “Treasury holdings [will] be eroded by “reckless policies.”

I wonder whose?

BAB readers will know that “China, the U.S. government’s largest creditor, is ‘worried’ about its holdings of Treasuries and wants assurances that the investment is safe.”

“We have lent a huge amount of money to the United States,” Premier Wen Jiabao said at a press briefing in Beijing today. “I request the U.S. maintain its good credit, to honor its promises and to guarantee the safety of China’s assets.”

Honor? Come again!

“White House National Economic Council Director Lawrence Summers, asked about Wen’s remarks, said overseas ‘confidence’ in Treasuries would be hurt without the administration’s steps to end the economy’s decline. President Barack Obama is relying on China to sustain buying of Treasuries amid record amounts of debt sales to fund a $787 billion stimulus package.”

China is enabling Barack as it did Bush. The only reason it doesn’t put an end to the US’s spending addiction is that it stands to lose a lot if it does:

“‘China won’t sell the U.S. debt now as that will only drive down Treasury prices, hurting not only the U.S. but also the value of its own investments,’ said Shen Jianguang, a Hong Kong- based economist at China International Capital Corp., an investment bank partly owned by Morgan Stanley”

“‘China’s purchases of American debt have been one of the few bolts keeping the wheels on the global economy,’ said Phil Deans, a professor of international affairs at Temple University in Tokyo. ‘If China stops buying, where does Obama’s borrowing to fund his stimulus come from?’”

This reminds me how brain dead are the Sinophobes. Beggars can’t be choosy, and they most certainly can’t afford to be as arrogant as the US is.

Update II: Barack Against The Boys

Barack Obama, Family, Feminism, Gender

The following is an excerpt from “Barack Against The Boys,” my new, WND.com column:

“…Barack’s latest Brownian motion promises to unleash on struggling American businesses armies of strong-arming (and buff-armed, no doubt) Girls Gone Wild, eager for their pound of flesh.

“Another of Obama’s economic prescriptions for a deepening depression was to sign a pay equity act, during which he carped that women still earn just ’78 cents for every dollar men earn—women of color even less.'”

“Such false assertions rely on comparisons of ‘the average wage of all women working fulltime with the average wage of all men working full time.’ Scholarly reams have been written disputing this phony calculus, as it omits vital variables: How long the woman has been in the work force, her age, experience and education; or whether her career has been put on hold to marry and mother.”

“Just as women are more likely than men to have had an interrupted career trajectory, so too are they more inclined to enter lower-paying professions: education instead of engineering, for example.”

“Nonetheless, allow me to dispel distaff America’s claims of disadvantage with a decisive argument:

If women with the same skills as men were getting only 78 cents for every dollar a man earns, men would have long-since priced themselves out of the market.

The fact that the wily entrepreneur doesn’t ditch men in favor of women suggests that different abilities and experience are at work, rather than a conspiracy to suppress women. …”

Read the entire column, “Barack Against The Boys,” on WND.com.

Update I (March 13): “Unemployment: Men Getting Whacked Way More Than Women”:

Such is the word from University of Michigan Professor Mark J.
In the last 12 months, more than 8 of every 10 pink slips have gone to men, he writes.

According to Perry’s blog, Carpe Diem, the lousy economy has idled 1.9 million men, more than four times the number of women let go, 430,000.

The firings have been so gender-lopsided that the male unemployment rate is more than a percentage point higher than that of women.

Previously, women were slightly less likely to have a job.

Perry found suggestions of a cause from a May issue of BusinessWeek. It blamed male dominance in construction work and factory floors, two sectors hardest hit by the credit crunch.

Wall Street also is heavily male and square in the sites of the job-destroying credit crunch.

Update II (March 14): I’m glad Professor Haym B. posted his thoughts in the Comments Section, hereunder. There is a certain comfort in the elegance of immutable logic. At least to this bookish broad.

He’s A Talking Doll

Barack Obama, Technology

“Amazing Obama” is a talking doll, whose string you have to pull every so often if you want him to work. Like “Amazing Ally,” another “interactive talking doll,” he can “recognize various objects,” and has “an internal talking mechanism that can store countless phrases.” “Amazing Obama” even has voice recognition technology that allows him to recognize the voice of “Mama Obama.” (Although she frightens him into having a … real accident.) “It’s hard to say where new (and cheaper) technologies will take talking dolls in the future, but wherever they go,” they will come with strings attached and teleprompters, of course.