THE OBAMANOMICS EFFECT…

Posted on March 5, 2009. Filed under: News And Politics... |

 
 

If you want to know what Obama’s approval rating is and how Americans feel about the Obama administration, don’t consult the media.  You’ll get varying views depending upon which site you land on—not surprisingly, most media sites are pro-Obama.  I read a recent news story about how Obama’s approval rating is "at an all time high", but you would be wise to read the small print…as in the "Comments" section of those stories which mostly reveal quite the opposite.  Sites like CNN are stating that Obama’s approval rating is still extremely high or “through the roof”, and boast about how well received his stimulus package is.  Try listening to news radio and blogs which paint a much different picture.  Just goes to show you how much the media is hyping this clown.  People are voicing their concerns about the type of "change" Obama is bringing to this country, and it’s growing more negative as the weeks go by.

 

Obama’s escalating spending is not appropriate at a time when most of us are having a hard time making ends meet, not knowing whether we’ll have a roof over our head tomorrow or whether we’ll have the money to afford a decent meal for our families.  The Great Depression has taught us that raising taxes would result in dire consequences, but that’s what Democrats are known for…big government, big spending and higher taxes.

 

The continuous drop in the Dow, NASDAQ and S&P illustrates the collective resentment from Wall Street investors that Obama’s leading us in the wrong direction.  It’s already fallen over 250 more points today.  What does that tell you?  The Republicans are calling for a reduction in the interest rate (to 4%) to help homeowners, but the Democrats rejected it.  Isn’t it ironic that Obama promised to unite Americans, yet we are divided more now than ever.  Not only did he prompt more of a racial divide within this country, he has created a conflict between classes by punishing those of us who work and pay taxes, and rewarding the poor who don’t work and don’t pay taxes.  No longer are we to work toward life, liberty and the pursuit of happiness.  We have no right to pursue this quest because whatever we work hard for, the government will redistribute to someone who didn’t have to work for it.  That’s now the American way.  Who made the government judge and jury?  They’re our servants, not our masters.  Taking money away from hardworking people to give to those who don’t pay taxes and who don’t work is unethical.  No longer will people work hard to make a living.  Why would they?  It will only be taken away from them and given to someone less deserving.  This is promoting a nation of underachievers.  We’re told to tighten our belts while Obama goes on a massive spending spree.

 

    http://foxnews1.a.mms.mavenapps.net/mms/rt/1/site/foxnews1-foxnews-pub01-live/current/videolandingpage/fncLargePlayer/client/embedded/embedded.swf

 

Obamanomics is reaching every state within this country.  In California, we have prisoners being set free because the state doesn’t have the money to keep them incarcerated.  The media has publicized this which will probably induce more criminal activity there because of the lack of appropriate law enforcement.  Everyone turned on Bush when he made some poor decisions, yet all the poor decisions that Obama makes are kept conveniently under wraps.  Why the secrecy among the media?  Soon enough, they’ll be eating their words.  A lot of my friends say, “Why don’t people see him as he really is?”  That’s a good question.

 

Besides the corrupt corporations and those who helped him buy the White House, the only people who are being helped by Obama are the deadbeats who bought more house than they could afford.  To add insult to injury, some of those same people took out home-equity loans when they were worth more, and now they’re in dire straits because their homes are worth less than what they paid for them.  They are now among the first homeowners to be bailed out—because of their stupid decisions.  Does this really make sense?  Why is the media defending Obama’s idiotic decision to help these people?  When my husband and I refinanced our home a few years ago, it was worth more than what we paid for it, but we chose not to take any equity.  The bank offered, but we declined.  We chose to do without the vacations, nights out on the town, home additions and spending sprees that others fell prey to.  Because we chose to be responsible homeowners and live modestly, we’re now being penalized because of the lack of good judgment of these ingrates.  We are now not able to refinance again for a lower interest rate without having to pay a PMI “because of the current housing crisis”.  We didn’t contribute to the housing crisis, yet we have to contribute to the bailout of people who did contribute to it.  This is so senseless, it boggles the mind!  It exacerbates the anger and frustration felt by those of us who are unjustly being punished for the stupidity of others.  Like millions of other taxpayers, we have a problem with helping deadbeats out of the hole they dug for themselves.  They made poor choices, yet Obama is offering them a helping hand.  We’re being punished because we are responsible enough to pay our mortgage on time and going without.  What about people who rent and have lost their jobs?  What about those of us who have lost nearly half our retirement funds?  Where’s our helping hand?  This is snowballing because we all need help in this tough economy, yet Obama has singled out a select few who he feels deserves our hard-earned tax money, and it happens to be the people who are the worst offenders of corruption and irresponsibility.  What a smack in the face that is to the rest of us.

 

    http://foxnews1.a.mms.mavenapps.net/mms/rt/1/site/foxnews1-foxnews-pub01-live/current/videolandingpage/fncLargePlayer/client/embedded/embedded.swf

 

Obamanomics…It’s all about punishing the successful that chose to live within their means, and rewarding the unsuccessful that chose to live beyond their means.  What message is this sending to the youth of today?  The message is clear:  If you do wrong, you will not be held responsible for your actions.  This started with the “Don’t Spank Your Child” movement.  If you notice, kids are committing more heinous crimes than ever before, and most of them get no more than a light smack on the wrist.  When parents try to discipline their children into doing what is right, kids use the “DSS Card” as a bargaining tool.  When this happened to a friend of mine, I wondered how many other parents this happens to.  I’m not a parent, but I’ve seen this play out more than once.  One of my friends punished her young daughter by grounding her for the weekend—not a very harsh punishment given the fact that she lied to her parents and blamed another friend for something she did.  I was shocked when her daughter turned and said, “If you do that, I’m going to call DSS and tell them you always hit me for no reason.”  What did my friend do?  She handed her the phone.  Needless to say, the call was never made, she lived out her “sentence”, and in the long run became a better person for it.  It’s called “tough love”…something the government needs to do to people who refuse to take responsibility for their actions.  This nation was founded on the sweat and determination of people who had nothing more than a dream, fighting and working hard for something more for their families.  Now we have a growing culture of people who feel that the world owes them something for nothing.  In an effort to grow the American economy, Obama is destroying it, and is crippling the nation in the process.  The American dream is turning into a nightmare.

 

Everyone is being affected by this economic crisis.  Food pantries are closing because donations have been few.  Companies are downsizing, families are forced to choose between buying food or paying bills; the list goes on and on.  According to the chart I attached below, most of us fall into the middle and working class categories.  Middle and working classes are comprised of various ethnic groups, yet Obama has pointed out time and time again that “blacks are the ones who suffer more” because of this economic crisis.  Oh, please!  Economic suffering is felt by us all.  I recently commented on this story:

http://queenbeeworld.spaces.live.com/blog/cns!57C67D21BFBFAD82!381.entry

 

In defense of his economic plan while campaigning, Obama was quoted as saying, "If I am sitting pretty and you’ve got a waitress who is making minimum wage plus tips, and I can afford it and she can’t, what’s the big deal for me to say, I’m going to pay a little bit more? That’s neighborliness."  This is double-talk coming from a two-faced politician.  In reality, the Obamas’ tax returns show that from 2000 through 2004, when their adjusted gross income averaged nearly a quarter of a million dollars a year, their annual charitable donations amounted to just $2,154―less than nine-tenths of 1 percent.  What’s so “neighborly” about that?  As I stated in a previous post, not until he entered the U.S. Senate in 2005 and began to be considered a presidential possibility did the Obamas’ charitableness or "neighborliness" become more evident (in 2005-2007, they gave 5.5 percent of their income to charity).  Hmmm…The figures speak for themselves.  He is extracting money by force from all of us to suit his own agenda.  How it is fair to take money from people who have earned it only to turn around and give it to people who haven’t earned it and don’t deserve it?  As we know all too well, taxation is not generosity, it is confiscation at gunpoint, and Obama can’t differentiate between the two.

 

Money problems are not remedied by money.  They’re remedied by better judgment and prudent lifestyle changes.  The money woes of big conglomerates will not be fixed by the multi billions that Obama has showered them with.  Most of them will still fall because they didn’t fix the problem that brought their companies to this point in the first place.  By taking that money, they merely delayed its demise.  Instead of making appropriate cuts within their companies, they spent money like water because they were bailed out by Obama, never being forced to make better management decisions.  They didn’t have to learn the lesson of failure like the rest of us had to learn.  If Obama was smart, he would have told them they were on their own, and they would have rebounded because they would have been forced to.  Obama is penalizing the wealthy, but not only will it hurt the wealthy, it will also hurt the poor.  Many organizations depend on donations, and donations are mostly made by the affluent, middle and working class, not the poor.  The middle and working class are the majority and are the classes caught in the middle.  On one hand, we aren’t able to take advantage of the tax breaks that the poor do, and on the other hand, we aren’t rich enough to hide behind a lot of tax shelters like the rich do.  That’s why Obama’s messages were targeted to us—there are more of us and we are the ones who end up footing the bill for the other two classes.  We have always had to work hard for every dime we receive.  What is the incentive to work hard now?  What’s the incentive for paying your mortgage on time and being a responsible taxpayer?  With Obamanomics in place, if you don’t pay your mortgage, he’ll give you a bailout; if you don’t pay your taxes, he’ll give you a job… 

 

QueenBee

 

 

Social class in the US at a glance

Academic Class Models

 

Dennis Gilbert, 2002

William Thompson & Joseph Hickey, 2005

Leonard Beeghley, 2004

 

Class

Typical characteristics

Class

Typical characteristics

Class

Typical characteristics

 

Capitalist class (1%)

Top-level executives, high-rung politicians, heirs. Ivy League education common.

Upper class 1%

Top-level executives, celebrities, heirs; income of $500,000+ common. Ivy league education common.

The super-rich (0.9%)

Multi-millionaires whose incomes commonly exceed $350,000; includes celebrities and powerful executives/politicians. Ivy League education common.

 

The Rich (5%)

Households with net worth of $1 million or more; largely in the form of home equity. Generally have college degrees.

 

Upper middle class[1] (15%)

Highly educated (often with graduate degrees), most commonly salaried, professionals and middle management with large work autonomy

Upper middle class[1] (15%)

Highly educated (often with graduate degrees) professionals & managers with household incomes varying from the high 5-figure range to commonly above $100,000

Middle class (plurality/
majority?; ca. 46%)

College educated workers with incomes considerably above-average incomes and compensation; a man making $57,000 and a woman making $40,000 may be typical.

 

Lower middle class (30%)

Semi-professionals and craftsmen with a roughly average standard of living. Most have some college education and are white collar.

Lower middle class (32%)

Semi-professionals and craftsman with some work autonomy; household incomes commonly range from $35,000 to $75,000. Typically, some college education.

 

Working class (30%)

Clerical and most blue collar workers whose work is highly routinized. Standard of living varies depending on number of income earners, but is commonly just adequate. High school education.

Working class (32%)

Clerical, pink and blue collar workers with often low job security; common household incomes range from $16,000 to $30,000. High school education.

Working class
(ca. 40% – 45%)

Blue collar workers and those whose jobs are highly routinized with low economic security; a man making $40,000 and a woman making $26,000 may be typical. High school education.

 

Working poor (13%)

Service, low-rung clerical and some blue collar workers. High economic insecurity and risk of poverty. Some high school education.

Lower class (ca. 14% – 20%)

Those who occupy poorly-paid positions or rely on government transfers. Some high school education.

Underclass (12%)

Those with limited or no participation in the labor force. Reliant on government transfers. Some high school education.

The poor (ca. 12%)

Those living below the poverty line with limited to no participation in the labor force; a household income of $18,000 may be typical. Some high school education.

 

 

 

 

 
Advertisements

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: