SURVIVING THE OBAMA ECONOMY: A HOW-TO GUIDE FOR RECENT COLLEGE GRADS

By Neal Boortz

A lot of this I had to say on the air yesterday … but just for the archives, I wanted to try to repeat some of it in the Nuze today.

It’s no secret: It sucks to be graduating from college right now and striking out to make your fortune in the ObamaEconomy. Now make no mistake … the current economy and the current jobs situation belongs lock, stock and barrel to The Community Organizer. You can talk George Bush until we all turn to dust … but if you can put down your “It’s all George Bush’s fault” script long enough to pick up a newspaper and read you will find that this is the worst economic recovery on record. Yeah .. there’s growth out there, but the growth certainly isn’t in the jobs sector. Why not? Because the small businessmen we depend on to created these jobs – about 80% of all new jobs – are scared to death of Barack Obama and what he is going to do to them. Think about this: You have the money to start expanding your business. You want to be able to take advantage of the growth that comes with an economic recovery. But, on the other hand, you have a president and a congress that is hell-bent on saddling you with new taxes and new regulations. Before you can develop a plan for growing your business you really need to know the impact of the new laws passed by Obama and the Social Democrats. Just how much is ObamaCare going to cost your business? What about this financial reform act? Will you be able to borrow money at a reasonable cost to keep your expanded business going during a slowdown? And what about those new taxes? The taxes on carried interest, higher income and Medicare taxes, and how big is the Social Security hit going to be? Remember, these businessmen report their incomes on their personal income tax returns … so these things all matter – a lot.

And then .. there’s Obama’s transition from a private sector economy to a government economy … and his penchant for redistribution of the wealth.

Just yesterday I talked about the latest statistic, which do not bode well for any college grad with ambition or an entrepreneurial spirit. Paychecks for workers in private businesses shrank to their smallest share of personal income in US history. As if that wasn’t bad enough .. the moochers are fat and happy: government entitlement benefits rose to a record high during the first three months of 2010.

Are you wondering how this happened? In spite of everything that you have learned in college, you are probably wondering right about now what the hell happened to the American economy. You are wondering what happened to all of those wonderful job prospects. You want a unified theory of what happened to our economy and to your opportunities? I’ll tell you. It’s pretty simple. If you managed to graduate college, I think you can handle this explanation.

Many years ago .. probably before you were born! .. the political class in Washington decided that everybody, no matter how bad their credit or job history, had a right to own their own home. So lawmakers instructed the quasi-government agencies Fannie Mae and Freddie Mac and other government agencies to do pretty much anything they had to do to make sure that anyone who wanted a home could get out there and borrow the money. Things like credit ratings and job history wouldn’t matter. The loans would be made by private banks and lending institutions – sometimes under pressure brought by local “activists” and the Community Reinvestment Act. Fannie and Freddie would buy those loans without any real concern about the viability of the borrowers, and package them for sale to investors. Now the loans weren’t actually guaranteed by Fannie and Freddie .. but the investors who bought these packages of loans were certainly operating as if they were. So … what we had were securities made up of packaged loans that were ticking time bombs. They were going to go bad. The question was when.

In the meantime, all of this “easy” money and low mortgage interest rates continued to drive up the price of homes in America. So what happened as prices rose? Finally the interest rates started to go up on these variable interest rate mortgages. People couldn’t make the payments and started defaulting. Home prices started down. With decreases in value the people who thought they could just simply refinance when their interest rates went up got their own rude awakening. More defaults. More foreclosures. As a result, home prices crash. Those securities based on these worthless home loans to worthless people, they crash too. Boom. Economic recession. Caused by what? Government — government simply cannot escape the major part of the blame here. Sure, private sector lenders contributed to the mess … but they were enabled by government all along the way.

Despite what Democrats and the ObamaMedia would have you believe, we did not get here because of Wall Street. All of this nonsense about Wall Street being the source of all of your problems is Bravo Sierra that is fed to you by the Obama administration. Why? Because they hate Wall Street because it gets in the way of their goal, which is a government-planned economy.

Now you understand why you just spent four years earning a degree in higher education so that you can do …..? The fact is that in this Obama economy, your dreams of starting your own business or pursuing a career may have to be put on hold. But you can’t just sit around and mooch off your parents. And you certainly don’t want to sit around and mooch of the taxpayers. So — as a public service – I am going to give you some tips for your first job after graduation. I hope these tips serve you well:

1. Greet the customer within 30 seconds of being seated.
2. Dark clothes, black napkin. I hate having white lint all over my clothes.
3. Don’t constantly refill somebody’s ice tea. They have it sweetened JUST the way they wanted it, and every time you add more to the glass I have to sit there for 5 minutes just to get it back to the way I want it again.
4. Make sure the table always has enough butter.
5. Handle the check BEFORE you clear the table. “May I have the check please?” sounds and looks a lot different that “May you please clear the table?” After I remove my ass from your restaurant, THEN you can clear the table.
6. (The final hint) Don’t disappear once the meal is finished.

Now if this is not your first job after you graduate into the Obama economy, maybe some of these tips will also be useful:

1. Get one of those green Christmas tree air fresheners for your cab.
2. Get a map or a GPS so you can get your fare to their destination easily.
3. Try to keep the windows clean.

And finally … if you have a degree in gender studies, and you haven’t managed to get your university job … practice this line over and over and you will be ready for your new career in the ObamaEconomy:

“Would you like French Fries with that?”

Success was for my generation. Your generation has a government-planned economy to establish. Your purpose is not to prosper for your own personal gain, it is to work and earn for the government. You destiny is to work to produce the wealth that will be seized by government and redistributed to those who do not have your work ethic or abilities.

There’s your painful truth that nobody told you about during your commencement ceremonies. I tell you what .. if you want to hear my version of a commencement speech, filled will all sorts of similar wisdom like I’ve passed on here today, listen this Friday to the Information Overload Hour (12PM ET on WSB).

At West Point, Obama talks up national security strategy

By Michael D. Shear

WEST POINT, N.Y. — President Obama on Saturday pledged to shape a new “international order” as part of a national security strategy that emphasizes his belief in global institutions and America’s role in promoting democratic values around the world.

Speaking to the graduating class at the U.S. Military Academy at West Point — the ninth wartime commencement in a row, he said — the commander in chief who is leading two foreign wars expressed his faith in cooperation and partnerships to confront the economic, military and environmental challenges of the future.

“The international order we seek is one that can resolve the challenges of our times,'” he said in prepared remarks. “Countering violent extremism and insurgency; stopping the spread of nuclear weapons and securing nuclear materials; combating a changing climate and sustaining global growth; helping countries feed themselves and care for their sick; preventing conflict and healing its wounds.”

The administration is set to officially release the president’s first national security strategy next week, and Obama’s preview on Saturday suggests it will be far different than the first one offered by his predecessor in 2002. In that prior document, President George W. Bush formally called for a policy of preemptive war and a “distinctly American internationalism.”

Obama has spoken frequently about shaping new alliances with the world, and of attempts to repair the U.S. image abroad after nearly a decade in which Bush’s approach was viewed with suspicion in many quarters. In his commencement speech to the graduates, the president emphasized his beliefs in those alliances.

“Yes, we are clear-eyed about the shortfalls of our international system. But America has not succeeded by stepping outside the currents of international cooperation,” he said. “We have succeeded by steering those currents in the direction of liberty and justice — so nations thrive by meeting their responsibilities, and face consequences when they don’t.”

Obama said the United States will pursue a strategy of “national renewal and global leadership.”

And yet, even as he calls for global cooperation, Obama has intensified America’s own war in Afghanistan. And his administration has repeatedly confronted the dangers of Islamic terrorism on U.S. soil, including unsuccessful attempts to down a Detroit-bound airliner and to explode a car bomb in New York’s Times Square.

To the men and women in the hall, many of whom are headed to Afghanistan because of the expansion of the war he announced here six months ago, Obama pledged “the full support of a proud and grateful nation.”

The president expressed confidence in the military’s ability to succeed in Afghanistan, but warned of a “tough fight” ahead as the United States helps the Afghan people to rebuild its civil institutions and its security system so they can battle the Taliban and other extremists on their own.

“We have brought hope to the Afghan people; now we must see that their country does not fall prey to our common enemies,” he said. “There will be difficult days ahead. But we will adapt, we will persist, and I have no doubt that together with our Afghan and international partners, we will succeed in Afghanistan.”

In Iraq, he said, the United States is “poised” to end its combat operations this summer, leaving behind “an Iraq that provides no safe haven to terrorists; a democratic Iraq that is sovereign, stable and self-reliant.”

“You, and all who wear America’s uniform, remain the cornerstone of our national defense and the anchor of global security,” he said. “And through a period when too many of our institutions have acted irresponsibly, the American military has set a standard of service and sacrifice that is as great as any in this nation’s history.”

But he said civilians must answer the call of service as well, by securing America’s economic future, educating its children and confronting the challenges of poverty and climate change. He said the country must always pursue what he called the “universal rights” rooted in the Constitution.

“We will promote these values above all by living them — through our fidelity to the rule of law and our Constitution, even when it’s hard; and through our commitment to forever pursue a more perfect union,” he said.

To the cadets themselves, he praised their pursuit of being “soldier-scholars” and lauded the records of academic excellence the Class of 2010 has set. He also took note of the fact that the class’s top two graduates this year are both women, reflecting, he said, the “indispensable role” that women play in the modern military.

As they become commissioned officers in the Army, Obama told the graduates of West Point that the country owes them a debt of gratitude.

“Here in the quiet of these hills, you have come together to prepare for the most difficult tests of our time'” Obama said. “You signed up knowing your service would send you into harm’s way, and did so long after the first drums of war were sounded. In you we see the commitment of our country, and timeless virtues that have served our nation well.”

THE DISTRACTION

By Neal Boortz

The Community Organizer is really on roll lately when it comes to graduation speeches. Remember just last week he came out with this line from his commencement speech at the University of Michigan: “Government .. is the roads we drive on and the speed limits that keep us safe. It’s the men and women in the military, the inspectors in our mines, the pioneering researchers in public universities.” Yeah, that one had my knickers in a knot.

So over the weekend, he delivered a commencement speech at Hampton University in Virginia. He came up with a few thoughts to share with graduates that I thought you may enjoy. Let’s start off with this one …

“Meanwhile, you’re coming of age in a 24/7 media environment that bombards us with all kinds of content and exposes us to all kinds of arguments, some of which don’t rank all that high on the truth meter. With iPods and iPads; Xboxes and PlayStations; information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment. All of this is not only putting new pressures on you; it is putting new pressures on our country and on our democracy.”

Do you really need a translation? Remember .. and I’ll probably say this a couple of times today both in the Nuze and on the air .. throughout history despots have seen the need to control sources of information. When a revolution begins the crowds don’t head for the local brewery first .. they head for the newspapers and the TV and radio stations. Control the flow of information first, the rest will fall into place. So here we have Obama telling us how information can be a distraction .. a diversion. All of this information puts pressures on you .. and puts pressures on our country and our democracy.

What Obama is really saying is that all of this available information puts pressure on politicians and stands in the way of their quest for even more power. A case in point would be ObamaCare. Almost every day since the passage of this hideous bill more information has surfaced detailing some of the unintended consequences of the bill’s provisions. Last week I told you that a older married couple could save over $10,000 a year on health insurance if they would simply get a divorce, continue living together, and take advantage of the government grants to help them, as individuals rather than a married couple, buy their health insurance. This is information .. but it is information that does not help Obama and the Democrats as they move forward to solidify control over health care. Obama would say that this information might be a distraction, a diversion .. and it puts pressures on, as Obama says, “our country and our democracy.” That means pressure on politicians.

Naturally … Obama even mentioned talk radio in his speech!

“With so many voices clamoring for attention on blogs, and on cable, on talk radio, it can be difficult, at times, to sift through it all; to know what to believe; to figure out who’s telling the truth and who’s not. Let’s face it, even some of the craziest claims can quickly gain traction. I’ve had some experience in that regard.”

Speaking of commencement speeches, my latest column in the AJC gives you a taste of what graduates could expect if you put yours truly up at the pulpit.

The ObamaMedia likes to push the following idea on its viewers: Right-wing talk show hosts want Obama to fail.

Howard Kurtz on CNN’s “Reliable Sources” asked John Aravosis (a liberal blogger): “But you think some pundits on the right, you were starting to criticize before, are rooting for Obama to fail on terrorism?” Aravosis answered, “Well, sure. I don’t think there’s any question…” Then Kurtz confirms, “That would suggest they want a successful terrorist attack.”

Gawd, what an ass. Right wing talk show hosts are actually sitting back and rooting for the Islamic terrorists … waiting for hundreds or perhaps thousands of Americans to be blown into little pieces by some Islamic terrorist bomb .. just because they don’t like Barack Obama.

Oh … and this thing about wanting Obama to fail. In a sense, they’re right. It is clear that Obama wants the government to have more control of the Internet. Despots always feel the need to control sources of information. In this quest I want him to fail. Obama wants the government to have complete control over America’s health care delivery system. I want him to fail. Obama wants fascist-style regulatory control over American business. Again, I want him to fail. Obama wants to prevent another Islamist terrorist attack on our country (though he won’t say “Islamist,”) I want him to succeed. It is ridiculous to believe that anyone wishes success or failure on any politician for every single political goal. Only simple-minded TV hosts and bloggers could promote an absurdity like that.