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Archive for the ‘business’ Category

A relatively minor program captured the headlines over this past week end and promises to continue to arouse partisan political passion through this week until the final disposition of the ” cash for clunkers ” program is determined.  The White House is very much in favor of continuing the program which has burned through the initial one billion dollars that was allocated to the automobile purchasing stimulus.

The program provides for a $4,500. trade in on older automobiles. The program was so well received by consumers that the program quickly ran out of money. Last week the House quickly approved an additional two billion dollars for the program and the Senate is debating the issue this week prior to the beginning of the August recess.

With an economy in recession and the majority of voters  deciding  that the stimulus plan provided by Barack Obama under the guise of  the American Recovery Act has been a dismal failure,  it is no wonder that the White House is promoting the “success” of “cash for clunkers”. It is most likely the Senate will pass an appropriation to continue this program since the auto industry is a Government preferred industry as demonstrated by the bail outs provided by both the Bush and Obama administrations.

Ceo4aday believes that programs that stimulate the purchase of durable goods are welcome and truly provide a stimulus to the economy but do not believe they should be discriminatory. We have long advocated a program that is not discriminatory that would put dollars in the hands of consumers through a federal voucher with an expiration date that would expire within a specific period of time. The program  would consist of a spend it or lose it clause and the monies distributed to tax payers should be allocated on a proportionate basis per actual taxes paid.

Funds from the American Recovery Act could be reallocated from their current entitlement and union subsidization program to fund real stimulus. Under this plan all tax payers would receive in effect a rebate on prior taxes paid which would provide an economic stimulus across all sectors of the economy as opposed to being sector specific like “cash for clunkers”. It would also be class inclusive as opposed to previous attempts at consumer stimulus that omit those at the top rungs of the economy.

We recognize that the likelihood of reallocating funds from the American Recovery Act and converting them to real stimulus dollars is unlikely. The Obama administration and the members of Congress that rushed through this partisan $787 Billion bill during the first weeks of the new progressive administration would be reluctant to alter its current structure in any way that would divert funds away from the numerous liberal programs that were included in the bill to satisfy the various special interest groups of the left.

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Barack Obama is pulling every trick out of a hat full of tricks to saddle the American public with a government take over of the health care industry. The President is clearly threatened by Congress inability to bow to his desire to reform our current health care system and replace it with a government operated health care system that promises to lower care for Americans while pushing the country toward bankruptcy.

The President in what has become his partisan trademark, addressed the health care bill this morning from the White House and continued to castigate those who wish to focus “on the politics of the day” . This statement, from the very man who has assembled the largest and most partisan political organization ever to inhabit the White House is typical of the President’s penchant for wrapping himself in the dialogue of the “holier than thou”. Obama’s hypocritical tactics are designed to divert attention away from the substance of his policies toward those the administration ha

The President and his staff are focused on strong arming a health care reform bill through Congress no matter the cost to the American taxpayer. He is utilizing every available means to sell his vision for health care reform including a media blitz targeting the districts of conservative Democrats as well as a nationally televised address tomorrow evening.

The President who in recent days has seen his popularity slipping in the polls is losing the battle with the American public as now 50% of Americans are opposed to a public insurance option according to the latest Rasmussen poll. The bottom line for the President is that his credibility is being questioned by Americans as they have witnessed his willingness to embellish and misrepresent the facts to impose his agenda on a public that had voted for change in the last election.

The nation is awakening to the reality that the change this President has brought to the White House is a formidable political machine willing to say and do what ever they deem necessary to promote their progressive agenda. The President has a very short time line in which to pass the legislation he has staked his legacy on and his actions are indicative of the partisan politics he learned so well as a scion of Chicago Democratic politics.

Obama who pushed forth a failed stimulus plan through an adoring Democratic Congress and a public flush with the euphoria of Obama’s campaign message of hope and change is confronting a Congress that is exercising caution as the popularity of the President’s policies are eroding and it becomes evident that the change Obama is offering the nation is a transformation to a  Federal government that will dominate the economy through socialism.

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Barack Obama will be recognized in American history as the first African American President who through his election tore down any walls remaining between minorities and the White House. However, unless he begins to recognize that his progressive  policies will destroy our capitalist based economy, he will also be recognized as the President who destroyed our great free enterprise based society and saddled America with the burden of perpetual welfare.

Obama to date has skated by on the support of a media seduced by his charisma and the promise of hope and change. His Presidency is failing on both counts. Rather than hope he has taken once again to casting blame on the current economy on his predecessor George W. Bush while reminding us that our economy is in dire economic straits with unemployment expected to continue to rise. His stimulus package which has failed to provide any economic stimulus was a fraud perpetrated upon an American public that was eager to support this new young President. He continues to expand on the fraud by attempting to reset the rationale for creating the stimulus package that was presented to the public by the President and his administration.

The change that Obama spoke of was to be evidenced by a President and an administration that was willing to reach across the aisle thereby tearing down the political barriers that prevented legislative progress in the past and providing a template that would provide progress by incorporating the best minds from both sides od the aisle as opposed to the partisan legislation that has been the standard for American politics.

The stimulus plan passed without a single favorable vote by a member of the Republican party. The Pelosi led and Obama inspired House chose to exclude Republican input entirely since the Democrats had won the election in 2008. Obama in his zeal to transform America from a capitalist based economy to a social welfare state based economy has become consumed by the traditional politics of a typical Chicago politico. The change that Obama has brought to our nation is the change of an America based on hope and prosperity and the will of the individual to an American culture that is wilting under the hammer of a federal government out of control.

Barack Obama is destroying this nation. He was elected by a people filled with good intent on a promise of yes we can. A people willing to give this inexperienced charismatic campaigner a chance to improve upon the American way of  life. Obama proved that he could run a campaign. It is time for this President to stop campaigning and begin governing. It is time for this President to stop speaking and start listening. It is time to slow down the agenda and focus on the immediate needs of the economy with a sense of urgency that any CEO would understand and implement.

Americans need to return to work. Banks need to be able to extend credit to both businesses and individuals. The housing market needs to stabilize. The Federal government needs to get out of the business of competing with business and focus on maintaining the safety and security of this nation. Barack Obama needs to begin lead this nation toward a path that will preserve our way of life rather than eliminate it. Barack obama has jumped the shark and is taking the nation with him along a perilous path. Someone in the Democratic leadership or in his administration needs to speak up and tell the emperor he has no clothes on.

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The Federal Budget deficit officially surpassed $1 Trillion today as tax revenues from corporate and personal income taxes have declined significantly from Obama administration estimates. Barack Obama, intent upon redistributing wealth in America, has established a new deficit record and is not through spending yet as he continues to expand the scope of the Federal government .

The President who has appointed 34 various czars to oversee almost every conceivable aspect of American life is leading the nation along the path toward bankruptcy at an alarming pace. Unless the Congress begins to legislate with some element of common sense and begins to reign in the progressive agenda of Barack Obama this nation will have redistributed all of its remaining wealth to the creditor nations that are currently propping up the American economy.

The policies of Barack Obama are destructive to the American way of life and if left unchecked will result in the catastrophic dissolution of our free enterprise based economy. Our $1 Trillion deficit will grow exponentially if we fail to stem Obama’s lunatic spending. It is time for the President to park Air Force One in the hangar, put the teleprompter away and learn about the nation he has been elected to govern but, chosen to destroy through the execution of his progressive policies.

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Barack Obama’s honeymoon with the American electorate is continuing to erode as the public begins to digest the catastrophic spending this President has approved and continues to propose with his radical progressive policies. With a call for a second stimulus package echoing through Washington and the media, the electorate is beginning to recognize that the progressive and transformational policies Obama supports are threatening the fiscal security of the nation as well as threatening the values and principles of this Democracy.

The failure of the  $787 Billion  American Recovery Act and Reinvestment Plan of 2009,  to provide any stimulus to the economy has begun to awaken the public to the distinct possibility that Barack Obama has an agenda that is harmful to this Republic. The vaunted stimulus package that Obama campaigned on Capitol Hill for as aggressively as he campaigned for the Presidency is proving to be the entitlement spending package that Ceo4aday and others wrote about several months ago. The stimulus package isa pay off to the unions that supported Obama during his Presidential campaign and is proving to be a bureaucratic and fiscal nightmare.

Today the White House announced that the web site AmericanRecovery.gov which was created to provide transparency to the public for the spending incorporated in the stimulus package will undergo an $18 million redesign to improve the site. The President should be ashamed and at the least embarrassed by this wasteful spending.

Obama’s penchant for spending and taxing while hiding behind Global Warming and Health Care will continue to plague his Presidency. This President who was swept into office on a wave of charisma and policy camouflage will see his relationship with the American public continue to erode as the Public becomes increasingly aware of the radical agenda of America’s most inexperienced and liberal President

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Barack Obama continues to cede America’s position as the sole remaining super power in the world while his standings in the polls continue to decline. The latest Rasmussen daily tracking poll indicates that the popularity of the President has slipped to the lowest point since he was inaugurated. He now has a 52% approval rating versus 48% who do not approve of the President’s performance.

Obama has continued his diminution of America’s role in the world even to the point of down playing the contribution of America in ending the cold war. In Obama’s Eurotopian vision of the world no single nation should assume a mantle of power greater than any other nation. There is no place for a super power like the America we have known since the second world war.

The President has expressed the Obama Doctrine in speeches he has delivered throughout Europe, Latin America and the Middle East and most recently this week in Russia. As we struggle with a weakening economy amid cries for additional stimulus spending, the President is focused on a “reset”  of America’s interface with the rest of the world.

Obama is the first American President to place his priorities as a citizen of the world ahead of his role as a citizen of America. Barack Obama has proven that not only is he a socialist but he is also a revisionist through his interpretation and subsequent communication of the lesser role America has played during the last half century in promoting freedom and democratic values and principles.

His embrace of  the Global Warming agenda put forth by environmental and progressive fascists is symptomatic of a President who would risk further damage to our economy to bolster his standing with the weaker European nations whose approval he has continually courted. This President who came to office on a wave of charisma and a sense by many that he would govern from the center has chosen to be true to his extreme liberal roots.

He views America as a flawed and greedy nation that must begin to temper its national desire to be more and begin to accept less. His America is the America of great Global sacrifice. Just as he chooses to punish individuals who are successful through higher taxes and tighter regulatory controls of business he has elected to lead America down a Eurotopian path toward larger government and a diminished role for the private sector economy.

The Obama Doctrine is about providing less for America and more for the world.It is about lessening our competitiveness, weakening our defense and compromising our spirit. It is about an America with few beginnings and many endings.

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Barak Obama, beginning to lose ground in the polls is seeking a boost in the polls from his forthcoming visit to Moscow . The President is currently promoting transformational legislation on numerous fronts including health care, global warming, and renewable energy. He is also directing unprecedented government intervention in the auto, finance and banking industries at the same time as he attempts to rewrite history as it relates to the American Recovery Act or as it is affectionately noted by the press, Obama’s stimulus plan.

Today at a Town Hall meeting to promote his health care reform legislation Obama again thanked the House for passing a cap and trade bill that promises to be the largest tax increase in history should the 1200 page bill be passed by the Senate and signed into law by the President. Obama also took advantage of the occasion to announce that his stimulus plan has been a success.

The President makes this announcement at a time when unemployment is hovering at 10% and consumer confidence is again receding. Ceo4aday has written extensively on the American Recovery Act and the fact that Obama’s stimulus plan was really an entitlement program designed to stimulate increased union labor on government funded projects.

The $787 Billion dollar American Recovery Act has done little to aid an economic recovery that is hindered by high unemployment and a tight credit market. The reality of Obama’s stimulus plan is that despite his constant self promotion he did not provide America with a stimulus plan. He has saddled America with an historical deficit that promises to bankrupt the nation.

The President’s trip to Moscow is designed to distract Americans from the economic strife we are currently engaged in and focus our interest on Barack Obama’s attempt to rid the world of nuclear armaments. No doubt he will engage in an apology for America’s role during the cold war and more importantly for forcing Russia in the guise of the former Soviet Union into the cold war.

This President has made numerous gaffes as he has represented America on his trips abroad. It is fitting that the American President who is least interested in protecting the Independence of America will be again be presenting himself to the world stage only two days after the nation celebrates the fourth of July in a nation that established the benchmark  for totalitarianism in the twentieth century. A country that continues to explore its own unique form of capitalism while Obama promotes a progressive toward Socialism for the United States.

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