Michael Moore advises Obama to arrest S&P CEO

After several days of thoughtful analysis, noted economist and constitutional law expert Michael Moore has offered his advice on the U.S. credit downgrade crisis to Mr. Obama. The Washington Times reports that Moore’s brilliant plan was delivered via his Twitter feed on Monday.

“Pres Obama, show some guts & arrest the CEO of Standard & Poors. These criminals brought down the economy in 2008 and now they will do it again,” Mr. Moore wrote.

[…]

Mr. Moore went on to note that the “owners of S&P are old Bush family friends,” continuing a theme he has developed through several films about capitalism as essentially a crony system for the rich and Wall Street, especially the Bush family.

He went on to link approvingly to an article last week in the Guardian, a left-wing British newspaper, about a police raid in Milan against the offices of S&P and fellow ratings agency Moody’s. Italian police were searching for evidence on whether the rating agencies, in the words of a local prosecutor, “respect regulations as they carry out their work.”

“Here’s how they roll in Italy when it comes to these bastards,” Mr. Moore cheered.

The time honored tradition of slaying the messenger is alive and well in the twisted world of Michael Moore, but the Obama administration would never sink so low as to punish the bearer of bad news. Just ask Gerald Walpin or Vince Cefalu.

Democratic Party downgrade

John Hinderaker at Powerline clearly explains why, contrary to the Democrats’ childish “he did it; it’s the Tea Party’s fault”, S&P’s recent action is really a Democratic Downgrade.

“What did the Democrats do with respect to federal debt during the four years they controlled both Houses of Congress?” Hinderaker asks. Why they just merrily rolled along, increasing the debt without any plan, short term or long term, to repay it.

Here is a summary of the deficits the Democrats racked up during that time:

FY 2008 — $460 billion
FY 2009 — $1,410 billion ($1.4 trillion)
FY 2010 — $1,300 billion ($1.3 trillion)
FY 2011 — $1,600 (estimated) ($1.6 trillion)

Of the $14.5 trillion national debt, nearly $4.8 trillion-one-third of the total-was incurred during that four-year period when the Congress was exclusively controlled by the Democrats. Moreover, and equally important, during that time the Democrats did nothing to assure the markets that they have a long-term plan to deal with the country’s burgeoning debt. On the contrary, for more than two years the Congressional Democrats have refused to adopt or even to propose a budget! If you are looking for the reason why rating agencies have lost faith in the ability of our government to get its spending and debt under control, you need look no farther.

The Democrats didn’t even propose a budget! But why should they? Tax increases, er revenue enhancements, especially on the rich, will cover everything. That’s what happens when ivory tower academics take over, as they have in the Obama administration, instead of business people who fly on their company’s private jet because the company’s accounting department figured out that was cheaper in the long run.

Actually, many of those newly elected last November are small business people–not billionaires and/or private jet owners–but they all know the need for a budget and the difference between profit and loss.

The Tea Party gets it. The Democratic Party doesn’t.

If Obama worked in the private sector

Imagine that Barack Obama was voted to become CEO of a large corporation. At the time he assumed leadership, the company was headed downhill. Fast. The first thing he did was fire anyone who actually had any business experience, either with that company or another in a similar field. After three years at the helm, all that Obama managed to do as CEO of that company was increase its spending by 25%, lose 2.5 million workers and grow the company by less than 2%. Do you think that he would still be the CEO of that company or do think that the board of directors would have yanked him out of there?

Wisconsin vote today foreshadows 2012

Even if you don’t live in Wisconsin, your eyes should be on the Wisconsin recall votes taking place today. These recall votes are taking place in the wake of Wisconsin’s budget battle over union benefits. The six Republicans that are being challenged were targeted by unions for supporting Scott Walker’s budget bill. The two Democrats facing recall (their vote on August 16th) are some of those who fled the state and delayed the vote for weeks.

If the Democrats manage to unseat three or more Republicans, the Democrats would then gain control of the state Senate. While that would be an upset for state politics, it would really serve as an indication for how the 2012 elections will go. Actually — it would spell doom. If people are willing to turn out to unseat these Republicans and replace them with Democrats, Barack Obama and similarly supported union-backed candidates may be stronger than they appear in 2012. If they don’t, this will be a major sign that people are shying away from Democrats and their union ways, and they are ready to stand against union and liberal policies. Other states will look at this as an indicator of what they can expect if they try and challenge local unions.

Apparently Governor Scott Walker will be the next victim of these union recall efforts. Meanwhile, how are Scott Walker’s austerity measures working out for the state of Wisconsin and its taxpayers?

Down, down, down

You’d have to be under a rock to be unaware of yesterday’s painful day in the stock market. The Dow dropped by 634 points yesterday. That was a 5.55% drop, which dipped the market below the 11,000 mark.

Let me tell you what is happening to our stock market. These people who invest in stocks aren’t idiots. They’re putting their money – and their client’s money – at risk and they don’t like losing. So they study the investment picture very carefully, and that includes a thorough evaluation of the current political climate – and that, of course, includes scrutiny of Barack Obama. So the investment community has looked long and hard at Barack Obama – and they have come to the conclusion that he is in way, way over his head. Come on, folks! He wouldn’t even send Timothy Geithner – the man who just a few months ago said that there was “no chance” of a credit downgrade – packing?

Finally, yesterday afternoon, Dear Ruler decided that he would address the nation about our credit rating, amidst the market plunge. Oh goodie … this spectacularly incompetent president who led is into the first credit downgrade in history is going to talk to us now and tell us of all the wonderful things he has planned to improve our economy. America was on pins and needles waiting for Obama to speak to them and make everything better.

So … what did Ace have to say for himself? Pretty much nothing. Nada. There was not one single original thought, idea, proposal or suggestion in that speech that investors and the American business community had not heard before. So the investment community watched in wonder — marveled at his impressive incompetence — and the market went straight into the toilet as Obama reached for the flush lever.

Are you starting to see what we have here? I must believe that with every day that passes we have more Americans who realize what a colossal mistake we made by putting this unqualified and inept man into the White House.

So did our Dear Ruler come up with any new and innovative solutions to our debt crisis? Are you kidding me? This is Barack Obama we’re talking about, not some risk-taking entrepreneur of investor who has actually built a business, hired a private sector employee or ever filled a business tax return. We’re talking about the Barack Obama who lives, eats and breathes government every second of his existence. No … there was nothing new in his comments. Same old same old. And that includes his mindless repetition of his class warfare mantra about getting the rich to “pay their fair share.”

I almost choked on my peanuts when Obama talked about his “bipartisan fiscal commission that I set up” which “put forth good proposals.” Oh really? Your commission put forth good proposals? Well then, Dear Ruler, would you please share with the other boys and girls in the class just why it is you ignored the “good proposals” this commission “put forth,” as you say? And now you suddenly you bring this commission back in the spotlight as some sort of counter to the Standard and Poors credit downgrade?

Then Obama tells us that he “intend(s) to present my own recommendations over the coming weeks on how we should proceed.” Oh! So you’re going to do that now, are you? Where were you and your own recommendations when the Senate and House were trying to come up with something that would work. I know, you were busy reminding Paul Ryan that you won the election (I just love it when you pull that “I won” stuff, you stud) and banging your gums together about tax increases that you’re afraid to call tax increases so you call them “revenues” so the American people won’t hear you utter the poisonous “tax increase” words which seem to turn off productive Americans. There — put THAT on your teleprompter so that you can throw it against the wall and see if it sticks.

Read Obama’s remarks. Try to find one single mention in there of any idea that would grow the private sector of our economy. He talked about building more bridges and highways and stuff …and then there’s his payroll tax cut and extending unemployment benefits — but where are the plans to grow the economy? Were were Obama’s proposals to unleash the incredible power of American entrepreneurship to get our economy growing again? Oh .. almost forgot. Obama doesn’t plan to turn entrepreneurs loose to work in an arena of increased economic freedom — his only plan for the small businessman is to increase their taxes.

Then again, he is telling us that patent reform should really create a buncha new jobs. ARE YOU FREAKING KIDDING ME? Patent reform? Oh yeah! All of us know an inventor who has the next great idea but who is just sitting on it waiting to start his new business that will employ thousands — but he just won’t proceed until we have patent reform.

The Community Organizer also had this line that America always has and always will be a AAA country. Oh … I just love that line. Let me tell you why. It’s a story that’s a couple of years old from the Orlando, Florida area. A government school in Orlando received an “F” rating from the state, meaning that it failed to meet even the minimum standards. One more “F” and the students in that failed school were going to be eligible for vouchers from the state that they could use to further their education at a better school – even a private school. So after receiving an “F” for being complete, miserable failures at their jobs – educating students – what happened at this gem of a government school? When students arrived at school in the beginning of the next school year, the teachers were wearing t-shirts which read “’F’ is for FANTASTIC!” Up is down. Black is white. And a AA+ rating is really AAA!

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