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Tuesday, June 09, 2009
John Hawkins :: Townhall.com Columnist
The Party Of Yes: 6 Ways Democrats Are Hurting America
by John Hawkins
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The moment I first heard my co-blogger Melissa Clouthier use the phrase "Party of Yes," I knew a column would eventually come out of it because that phrase so perfectly describes today's Democratic Party. No matter how bad the idea, the Democrats are willing to say, "yes, yes, yes" and throw a few billion dollars at it. That has already led to a series of disasters in the early days of the Obama Administration.

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The Democrats have said "yes" to taking over the auto industry: Welcome to "Government Motors," where Barack Obama is the Super-CEO and the union now owns 51% of Chrysler. By the time it's over, the price tag for this debacle looks likely to reach into the hundreds of billions despite the fact that both companies will still go through bankruptcy, which is what critics of the bailout suggested as an alternative to government intervention last year. We have the government hiring and firing corporate execs, getting involved in the cars they're making, politicizing dealer closings -- and Barney Frank apparently even has veto power over which plants are shut down. In other words, if you thought GM and Chrysler had problems before, just wait until Barack Obama, Barney Frank, Nancy Pelosi, and Harry Reid get through tinkering with companies. My advice? Buy Ford.

The Democrats have said "yes" to taking over the banking industry: Granted, George Bush got the ball rolling and plenty of Republicans voted for TARP. So, the GOP's hands aren't clean on this one. But, we now have the government leaning on banks to take pennies on the dollar from the car companies, refusing to let banks pay taxpayer money back, and there's even still talk of completely nationalizing the banking industry. What is there in the history of this country, especially in the wake of a banking related housing crisis that was created by the government, that would make anyone think this is a good idea? The average Democrat in Congress probably couldn't properly handle the bank in a game of Monopoly, much less a real bank.

The Democrats are saying "yes" to socializing medicine: The most hilarious thing about the Democrats’ attempt to engulf the health care industry in the inky blackness of the federal government is their primary selling point: that a government takeover will actually lead to reduced costs. How's that plan working out with Medicare so far? Oh yeah, it's on track to bankrupt the entire country. So let's expand that -- what could go wrong? Well, besides all the features that usually come along with socialized medicine: reduced quality of care, long wait times for operations, and allowing old people to die in order to cut costs. Obamacare would lead to health care with the compassion of the IRS, the competence of FEMA, and the well staffed work force of our border patrol at a much higher cost, but on the upside, you won't live as long, so you'll have less time to complain about it.

The Democrats have said "yes" to a stimulus package that doesn't stimulate anything: Including the interest, the cost for the stimulus is going to be a colossal 1.2 trillion dollars. However, as of May 22, only 37 billion dollars of that money had been spent. Meanwhile, according to the latest data, which is for April, personal consumption for American consumers dropped 0.1%. So, why are we going 1.2 trillion dollars deeper in debt to the Chinese again -- particularly since the "Congressional Budget Office estimated that the recession would end in the 'second half of 2009' even if Obama did nothing?" A stimulus plan that doesn't actually stimulate the economy when it's doing poorly is like Viagra that Bob Dole can only use when...okay, I'm just going to stop right there. Feel free to thank me later.

The Democrats have said "yes" to appeasement: Since Barack Obama has been elected, he has gone on a "world apology tour." If he hasn't been bowing to the Saudi King, he's been falsely accusing his own nation of torture, giving the A-OK to Iran to have nuclear power, or bizarrely claiming that the United States is one of the largest Muslim countries in the world. Our enemies are undoubtedly heartened to have such a sap in the White House while any nation that relies on the United States to safeguard its freedom must be shaking in its boots -- but, on the upside, Barack Obama is more popular than ever. That will be really helpful when he gets out of office and starts collecting those six-figure checks in Europe for thirty-minute speeches.

The Democrats have said "yes" to decimating the economy to fight "global warming:" Ironically, the globe hasn't actually warmed since 1998, but the Democrats still want to impose the largest tax increase in history to fight this non-existent problem. How much will it cost the average family? Somewhere between $1600 to $4000 a year in higher costs. You have that much extra money lying around that you don't need, right? Isn't $4,000 a year a small price to pay, even if global warming doesn't exist, just to know that Al Gore will be able to sleep soundly at night?

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About The Author
John Hawkins is a professional blogger who runs Right Wing News, Linkiest, and Viral Footage.
 
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The Paper Hangers Have Run Amok - II

UNDERSTAND THIS: Debt monetization has NEVER, EVER worked. The infection injected by the government corrupts the entire system and the currency collapses.


Do yourself these three favors: Study the Weimar Government, read about Mugabe's Zimbabwe, and buy gold coins, which cannot be seized by the government because the coinage has intrinsic value, as FDR learned.


"The surest way to destroy a nation is to debauch its currency." - Vladimir Lenin

The Paper Hangers Have Run Amok - I

Because of Washington's spending, the Treasury is having to borrow $150bn a month. It has brought back some discontinued paper and increased sales of bonds from every quarter to each month.

They are selling 2, 3, 5, 7, 10, 15, 20, and 30 year bonds EVERY month.

China has already opted to purchase only short-term paper, namely, 3 year bonds. It has asked the IMF, if the International Monetary Fund would sell all of its gold. If it buys bonds tomorrow and Thursday, it will demand a much higher interest rate. Anyone that has a mortgage, a line of credit, a car loan, a student loan or uses credit cards will likely see an explosion in interest rates in the next 2 years. If you think that you are out of the woods because you don't owe any money or use credit, beware. The hyperinflation will hurt you even if you use cash because everyone in the chain of commerce will be paying higher interest rates.

The Federal Reserve has printed $2tn since November and will inject more than (an additional) $2tn in worthless Monopoly money into the system before the end of the year.

The WH wants to paper the country with stimulus funds, but in doing so, even more capital will be in the cash system.

The Federal Reserve has been engaging in "quantitative easing", which is another feel-good name for debt monetization. Helicopter Ben Bernanke and Timothy Geithner will expand the monetization.

How does monetization work? It starts from this point: There are not enough lenders to buy your credit. So, the government falls into a contraction trap because the spineless do not want the economy to sink further since this would not bode well for the sitting government. To avoid contraction, the Federal Reserve buys the paper of the Treasury using Monopoly money. More spending is done by the government, again using Monopoly money which infects the entire economy.

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