Kona Kohala Blog

Obamanomics is a continuation of the silly sided economic programs practiced by both sides of the aisle and begun by Bush when he defected to the dark side.  Congress and the government have spent nearly $8 Trillion since 2007, that's $8,000,000,000,000.00.  If you want to see what $1 Trillion looks like go to http://www.pagetutor.com/trillion/index.html.

The government has spent $2 Trillion on economic stimulus packages and $2 Trillion on the Troubled Asset Relief Program, TARP, neither of which has worked.  In addition, the gov has nationalized some Fortune 500 companies like General Motors now known as Government Motors much to the dismay of obama, the Chrysler Corporation, Goldman Sachs, Merrill Lynch, and taken over health care while dramatically increasing the amount of regulatory paperwork required of businesses of all sizes.

The private sector has billions of dollars put away for better times.  We've seen reports about the positive income of many of our large and small companies but no increase in their payrolls.  We've seen good increases in productivity but again, no increases in payroll.  Why, business is fraught with unknowns and risk when times are good but now, there's the threat of increased taxes, increased cost of health care, Cap & Trade which will increase costs to business and a public debt that's gone through the ceiling with no sign of slowing down.  There is also the threat of more government take overs if business doesn't conform to obama's way of doing things.  Would you be spending money on your business?

None of this has worked.  We still have 9.5% of our population unemployed with an unexpected 484,000 new jobless claims last week.  The Federal Reserve Bank has announced that the recovery is going to be slower than thought.  The obama administration's take on all this:

On ABC’s "This Week with Christiane Amanpour," Laura Tyson, a member of the President's Economic Recovery Advisory Board, called for even more of the same; tried-and-failed Obamanomics stimulus policies, when asked how to get the economy moving faster:
    
"We have to continue to do everything we can to stimulate demand in the economy… Invest in people. Invest in infrastructure. Invest in knowledge," she said. "Invest, invest, invest is really what we must do."

"Invest, invest, invest" is Obamaspeak for "spend, spend, spend."  So once again I ask you to talk to people, inform them about what's going on.  So many of us are in a survival mode just trying to keep our heads above water.  We're not looking to add more to our plates but they should be told about what's going on out there, the news items that will have a lasting effect on their lives.

All of this craziness coming from Washington D.C. is going to effect every one of us and our children and our children's children.  I'm really not worried about them, they can take care of their problems just like we're trying to take care of the problems left to us by our parents and grandparents.  Unfortunately, obama is moving so fast that all of us are going to suffer big time because of the elite, protected class aka our elected officials who are shielded from all this, is passing legislation that no one has time to read.  It is unbelievable that not one senator or congressman had read the obama healthcare bill before it was passed.  Even her majesty, Princess Pelosi said something like, "We can read it once we get it passed but for now, we must pass this bill."

I suspect you are as dissatisfied as I am over such stupidity.  Until first, all those clowns in Washington are voted out and second, our representatives share the same boat we're in i.e., they have to rely on Social Security, they have our healthcare, etc., there's no time for us to sit back and relax.  If you're retired, make this your second career.  You can make one heck of an impact with the internet.  Start a blog, post on the various social networks and help wake people up.  Thank you.