John Ransom

Quick: What’s the difference between an Obama rally and an OWS rally?

At an Obama rally, the demands are so impractical that no one takes them seriously. 

As Obama begins his next prayer rally disguised as campaign whistle-stop tour, I’m wondering how much prayer it’s going to take to save his presidency.

Because the diesel-powered Canadian prayer rug he’s using right now isn’t working very well.

It’s typical of the luckless, wrongheaded president that factory output came out today and the news was good- for those of us who want a thriving, successful commercial marketplace. But don’t count the president amongst that group.

The factory facts illustrate why he’ll be a failure as president.

Two of the three industry sectors that bumped up factory output are two of the sectors that Obama has tried his best to kill this year.

“Factory output rose for a third straight month in September,” says the Associated Press in the Wall Street Journal, “a sign the U.S. economy is growing slowly. Manufacturers made more airplanes, trucks and home electronics to meet rising demand.”

You might remember that earlier this year that Obama imposed tightened fuel efficiency standards on automakers- and the rest of us too- at the cost of hundreds of thousands of jobs.

Many observers thought that the increased standard was a shot aimed directly at Ford, whose F series trucks are number one in vehicle sales in the domestic market. Truck and SUV sales out-pace cars sales in the US 7.7 million units to 4.7 million units, despite rising fuel costs and hysteria about carbon-warming-pseudo-science-grant awards.

Not coincidentally Ford did not take a bailout from the feds, and has thumped both of the union/government controlled rivals in profitability largely because they manufacture what consumers want, not what Obama wants. 

Additionally, Obama proposed a tax on business jets earlier this year- has he ever really backed off that demand?- showing that he doesn’t understand what business jets are used for.

Business jets are used to increase productivity in a global world. The ability to get to and from somewhere across the globe quickly is often the difference between doing business and losing business. This is why businesses order jets. They help increase sales.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.