5 Ways Bush Helped Elect Obama

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1) Bush’s support of the minimum wage increase.

The minimum wage is a socialist policy.  Any time the Government tries to exert force over the market The vast majority of business leaders start at the bottom.

(which is made up of individuals), it’s exerting tyranny over the people.  Minimum wage controls, do not help disperse poverty, or increase the labor force.  They decrease the labor force, increase poverty, and decrease future business leadership.

Higher minimum wages lead directly to the rise in unemployment. (Fox Business News, source of image)

I have much more to say about the minimum wage, and why it’s unnecessary and will do so in a future blog post.  Briefly, it doesn’t fix poverty, it displaces labor, it creates grey and black markets for labor. Since the Republicans supported the minimum wage increase then, why don’t they know?  Do they hate the poor, like the left proclaims?

 

Henry J. Kaiser Foundation

 

2) Bush’s policies of Medicare Part D and Various Federal aid programs, that Democrats complain about, but refuse to repeal.
Throughout the 2006 to 2010 election cycle the Democrats complained 1). This includes the Iraq War and Medicare Part D.  Medicare Part D, for all intents and purposes is another 800 pound gorilla of debt.  Like Obamacare, if not cut it will bankrupt America. The Bush administration over eight years added 33% to the national debt (by 2012).

 

The Democrats don’t really want to cut it, they just use it as a wedge issue, to blame Republicans for massive spending. As far as African aid goes, it would be better spent from the private sector.  Most government aid, to every country is wasted money.  It’s also the reason those countries don’t spend the free money very well.
As well meaning as all of these programs are, they become more and more unsustainable as we go forward.  It doesn’t matter which party passes well meaning laws, if we run out of money, we run out of money.

 

Associated Press

3) Bush’s Democracy projects, to try and change the world.

We won the war in Iraq against Saddham Hussein.  After 8 long years, Obama finished the policies (badly, which I’ll get to.) declaring that the mission has been accomplished.

But what is the result of that accomplishment?  Thousands of lives lost in Iraq and Afghanistan to bring savages “democracy”.  As if Democracy is a sacred goal?  Democracy is tyranny of the majority.  You know what the majority in Iraq wants?

Tyranny of the Caliphate.

news.vice.com

Not Bush’s fault you say?  Certainly not completely, Obama left Iraq a vacuum of power.  However, the people of Iraq, by a majority are okay with the Islamic Caliphate of ISIS taking control of Iraq.  If Saddham Hussein was still in control of Iraq, there would be no ISIS.

The people have spoken.  Democracy is a dangerous ideal, our founders despised direct democracies. (That’s why we’re a Republic) This is again an issue of empathy versus money. We simply can’t free every country from their brutal dictator, and like Iraq, many of these people will just choose another brutal dictator.

associated press
Conservatives criticize Obama’s stimulus, but not Bush’s?  You wonder why the American’s don’t see the Republicans as an alternative to the Democrats?
The stimulus delayed the recovery in 2003. Greenspan blamed the war, it was Keynesianism that delayed the recovery.  The recovery kicked in to high gear, in late 2004 after the stimulus spending died down. It didn’t work for FDR, why would it work now (or then for Bush)?How can we consistently be against Obama’s stimulus, if Bush’s was okay?

 

michellemalkin.com

5) The attack on the freedom to fail (TARP, GM Bailouts, etc)

Michelle Malkin and Reason both, had great write ups on how Bush completely abandoned the free market principles that made this country great to “save” the free market system.  In fact, he set in place policies and government expansion that allowed Obama and his cronies.  The Financial Regulations put in place by Barney Frank, and his equally idiotic compatriot Chris Dodd.  The two buffoons who didn’t see a problem with Fannie and Freddie, wrote 2500 pages of regulations for the banking industry.

It’s not talked about much, however the Dodd-Frank financial bill is the Obamacare of the financial world.

Clarion Ledger – Marshall Ramsey

It happened, because Bush started the path allowing the Federal Governmetn to control private banking through TARP.  The goal?  Fix a problem caused by Democrats, Government and Obama.

While this may seem very negative of former President Bush, it’s brutally honest.  If I had a choice, I’d still vote for Bush over Gore or Kerry in 2004.  Just look at the colossal joke that John Kerry is in our State Department.  Reflection of past mistakes is necessary if we expect to improve.  Bush like Hoover, was a “pre-socializer”.  Hoover tried to expand Government
to help those suffering from the recession.  He even started the New Deal.  In my opinion, part of being a Constitutional Conservative or Libertarian is being a student of history, and seeing where policies fail, and where they are repeated.  Obama similar to FDR tried massive spending to save the economy. By his own graph, we’d be better off today without the stimulus.  That doesn’t even take into account that Obama’s BLS has changed the way the U6 is reported.  Labor Force Participation hasn’t been at 62.8% since Jimmy Carter.

Remember though, all of the acceptance for Obama’s policies came from Bush doing it first.  As childish as it is to point your finger at the other guy, and spout, “HE STARTED IT!”, Bush truly did start it.  Ultimately, that’s why Romney was a bad choice for competing for that seat.

Romney passed the predecessor to Obamacare.  Ryan accepted stimulus spending for Wisconsin.  If the Republican party doesn’t differentiate itself from the Democrat party, why would anyone vote for them?

Meritocracy is not broken… Society is.

Uncle Ben gets meritocracy so very wrong in his recent Baccalaureate Speech at Princeton. Meritocracy, at least in the truest sense, holds no value for nepotism, station in life or “luck”. The Capitalistic society that used to be that which governed economics in the United States fifty or so years ago relied pretty heavily on nepotism and societal placement for one’s upward mobility, but once one found themselves in a place of higher power, either in the private or public sectors, one’s skill and aptitude determined their success while in that office. We’ve reached a point where our elites are generally trained at institutions such as the hallowed halls of Princeton, and because the air in these places is so rarified, it can be assumed while breathing it that thou art blessed, and ye shall be demanded upon as much has been given to you, as is your station in life.

The problem with this, though, is that the verbiage, as noted by Ben, Brad and Francis during the podcast, is deliberately divisive, and intentionally creates an anchor point in the minds of those attending the speech for the rest of the socialism that has become pervasive in our political landscape over the last fifty and more years. Hard work shall not be rewarded, for hard work in support of the greater good, not thyself, is reward enough. Thou shalt benefit only when those around you benefit, and your skill and labor is not to benefit you lest it benefit the greater good before you.

We are not a socialistic society. We, as the human race, were able to prove decisively that communism does not function well enough in practice to implement without being able to meet the needs of the entire population absent the labor of those providing the labor, for when some provide the labor required to support the whole, the whole suffers at the hands of human nature, which seeks the least resistance to subsistence. People will only work hard enough to benefit themselves when communism/socialism is inflicted upon them because to do more than what is required to subsist oneself does not reward the self. This is the one piece of humanity that those who subscribe to socialism/communism have never been able to work around. Human Nature is absolute, and it will always be the downfall to socialism every time it is fully implemented.

This is why meritocracy works. The unfortunate part is that meritocracy is also afflicted with its dose of human nature. Eventually those who are able to earn wealth and/or power will want to find a way to pass that which they’ve earned onto their progeny, or someone who will best see to its continued growth and success. The problem with our society isn’t that meritocracy is flawed… Our problem, as a society is that we no longer pressure those around us to live by the ethics we would rather everyone govern their own lives with. We’ve forgotten what it means to live in a society where you don’t have to worry about everyone around you looking to take advantage of every situation they’re in, regardless of ethics because our society no longer holds a higher value for those who do the right thing because its the right thing to do, especially when no one is looking.

Do not blame what once worked so well to build the America we’ve since lost. Instead blame that which has weakened our society to the point where it is no longer an intelligent thing to trust one’s neighbor with the temporary oversight of one’s family, wealth and property; blame our societal loss of a moral and ethical compass.

And, thus, blame Uncle Ben.

The time stamp in the podcast episode I’m referring to is 10:00. Link to the episode is below, as well as the RSS feed for the podcast.

Coffee and Markets – 03JUN13

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The rise of Golden Dawn in Greece. A sign of things to come?

socialism

One of the great lessons one can learn is from their mistakes. Throughout the course of events in history, we have ample evidence to observe mistakes and not make them ourselves or not repeat them.

The recent elections in Greece saw the uprising of a political party “Golden Dawn” which in any other time in history would not be more than a few thousand people in total in a country of twelve million.

Golden Dawn is the Neo Nazi party.

In the recent elections held in Greece, Golden Dawn managed to get around 7% of the vote, securing 18 (out of 300) seats in the Greek parliament. Almost half a million people voted for them.

The question obviously is why? Why would the country that offered so much culture and innovation (in ancient times), the country that is considered to be the birthplace of Democracy, decide to vote for Golden Dawn. We all know very well the devastation that came with World War II and what the Nazis did to those that opposed them.

To understand the why we need to look back in the early 80s and the political scene at the time.

At the time there were two and a half parties. There was the Communist party which would get at most 5-7% of the vote. And then there was the Socialist party (PASOK) and the Conservatives/Republicans (Nea Dimokratia). The balance of power was half and half.

When the socialists came into power in the early 80s with the promise of fair share and redistribution of wealth, they did just that. They created the largest entitlement program there was and as a result they got reelected. In 1987 the debt was through the roof and when the Conservatives came into power, tried to increase taxes and cut spending and reduce the debt. Naturally the people got used to handouts and that government did not live long. The Socialists came back into power and the same thing started over again.

In the late 90s you could not understand which party stood for what. They were both different sides of the same coin.

So with all that entitlement mentality came the time to pay for it. No jobs and no future for the young generation. To understand the situation, let’s look at a young man/woman that wants to become a Math teacher. Since all schools are state owned, once he/she graduates, he/she has to wait until he/she gets appointed. The problem is that there are not enough schools for Math teachers to teach on. As a result there is a waiting list i.e. he/she has to wait for someone to retire, so that the person ahead of them can get appointed, then another person retires and he/she gets appointed. In the early 90s there was no real reason to pursue becoming a Math teacher since the waiting time would be over 40 years, at which point would be the time to retire.

After 2000 things got worse. More debt, more corruption. People got used to hiding money from the Government so that they don’t get taxed an arm and a leg. The more you can hide the more you have for yourself (while of course Government officials and their peers enjoy lavish lives).

The biggest aspiration of Greek people is to kiss butt and get hired in the public sector. It is a steady job and you are set for life. In the meantime, you can see 35 year olds, still living with their parents because they cannot afford to move out. The tax code had been carefully structured in such a way, that there is no way for someone to be legit. One part of the code would contradict another, so even if one wants to be legitimate and follow the rules, they can’t. That of course results in corruption, tax evasion etc.

With the latest shamble regarding the monetary union and how they wanted to get rid of Greece from their organization (due to the debt), people had enough of the two parties. They are desperately trying to find someone who will end the corruption and put the ones responsible in jail and jump start the economy.

Here comes Golden Dawn.

Let’s forget for a moment (just for a very brief moment) where these guys are coming from (i.e. Nazism). Their message somewhat resonates with a lot of people even here in the US.

  • Everyone speaks Greek, nothing else
  • End corruption
  • Start enforcing laws
  • Prosecute thieves and make them return what they stole (see politicians)
  • Greece above all

It doesn’t seem that bad does it? Those are pretty legitimate messages that many people would agree should start happening here or in any other country.

People are willing to compromise on the Nazi part that Golden Dawn represents, for the reasons outlined above. This shows amply how desperate Greek people are. One only has to read history regarding Austria and how certain villages had huge unemployment numbers, no light at the end of the tunnel and going nowhere fast. Here came Hitler and despite the fact that he represented something vile, people accepted him willingly with open arms.

Unfortunately the same has been observed in the recent US elections. People know very well that President Obama doubled the debt. They know about the wasteful spending in green energy. They know about the unemployment of 14%, they know about the 23 million people unemployed. They know about the 40+ million people on food stamps. Yet they voted for him because his message was divide and conquer:

  • Mitt Romney is not one of us
  • Forget what happened, we are working for the future

In any other time, people would have not voted for President Obama at all. Yet here we are. People liked what they heard and they compromised on what they know. The accepted the unemployment and the tough times ahead and compromised for a message that resonated more with them. Simple as that.

Golden Dawn might be a radical group, but their message is strong and really appeals to a lot of people. Their scare tactics can be forgiven so long as they produce results. And with all that comes the fear of being beaten on the street because they don’t like you or the possibility of bringing Greece back in 1940.

Notable is the fact that Golden Dawn has distributed groceries to desperate Greeks (milk, bread etc.) on the streets in more than one occasion. Buying votes? What is 99 weeks of unemployment without the need to prove you are looking for a job, food stamps, free phones and free stuff in general, called then?

Take a close look. This is what socialism and corruption ends up becoming and unfortunately this is where we are heading to.