The Federal Observer

As we approach the end of the 3rd year of President Obama’s term….I think it important to give credit, where credit is due and to congratulate him on that, which he has to date…

Today in a hastily arranged news conference, President Obama lambasted Republicans in the Senate for blocking a vote on his nominee to head up the Consumer Financial Protection Bureau (CFPB), former Ohio Attorney General Richard Cordray. The president said that American consumers need protection that the new government bureaucracy will provide and that Mr. Cordray is eminently qualified to do the job. Immediately after deriding Republicans in the Senate, he launched into a tirade about greedy business people who he said created the need for the agency. To quote the president, “Republicans … would leave consumers without a watchdog to guard against the greed of Wall Street.” It was typical Barack Obama — class warfare, us vs. them, rich vs. poor, and business people vs. everybody else.

I/We endorse “None of the Above” – but found the ad to be full of Vigah!!

Hammurabi Knew Better
Book V of Aristotle’s Politics describes the eternal transition of oligarchies making themselves into hereditary aristocracies – which end up being overthrown by tyrants or develop internal rivalries as some families decide to “take the multitude into their camp” and usher in democracy, within which an oligarchy emerges once again, followed by aristocracy, democracy, and so on throughout history.

Debt has been the main dynamic driving these shifts – always with new twists and turns. It polarizes wealth to create a creditor class, whose oligarchic rule is ended as new leaders (“tyrants” to Aristotle) win popular support by cancelling the debts and redistributing property or taking its usufruct for the state.

The campaign season of 2011-2012 is shaping up to be one of “search and destroy” – anyone who would take on the Socialist at 1600 Pennsylvania Ave.

Each of the Republican canned-idates has vocalized some good ideas, but ideas ain’t going to get it done. Paul is a one issue runner (“End the Fed”). Bachmann has raised “5 biological children and 23 (state-funded) foster children”, but wants to deport all illegals. Cain had “9-9-9″ but that equals 27, which exceeds his 15 minutes by twelve, so his time is up. Huntsman is still looking for any kind of recognition, as is Santorum. Perry still looks like a chiseled “Ken” doll (who can’t get his message out – because he can’t seem to speak), and Mitt is just a pretty-boy weak sister.

This leaves only Newt, who, although is probably the most fluent and has the best chance of whipping O’Bumma’s azz in future debates – and possibly the election – also brings a lot of baggage to the table, but I am no fan…

Yet, having said this, the following video says a lot. Listen to the message…

Free Trade Treaties have resulted in encouraging US manufacturing to move overseas, with the accompanying elimination of 7 million manufacturing jobs in the US, in the last decade. One needs only to examine the products sold at Big Box Stores to discover they are made overseas. Cars, tombstones, large fragile clay garden urns, motorcycles, frozen foods,furniture and medicines are but a sample of what CAFTA. NAFTA, GATT, G8, and “Most Favored Nation Trading Status” given to China, have wrought. Our elected officials cheer these trade treaties and expound on how these treaties will open foreign markets to US products. How is that working out?

Ask the Politically Correct Question?: What is the difference between Embezzlement and Peculation?

Politically Correct Resolution: “Embezzlement and *peculation mean almost the same thing, but differ in that embezzlement is used mainly to describe the criminal actions of a private citizen, such as an individual stealing from their employer, while PECULATION usually applies to the larger-scale misappropriation of public or collective funds by people holding positions of trust within the organization managing those funds, such as the government”.