Obama..the feelgood brand for uninformed fools:

Posted on September 3, 2012 by KG

‘…Obama did not have an aspirational candidacy, he had an aspirational brand. A brand that people wanted to be a part of, because it made them feel good about themselves. And so we learned that there is indeed something worse than Bread and Circuses. An electorate that votes on that is at least somewhat capable of using self-interest to make judgments, but one that votes for the brand that feels good has abandoned even the vestiges of reason and self-interest. Such people are no longer exercising their power over government, instead they have become customers, buying a product that they have no say in how it gets made or what goes in there. Not because they need it, but because they have been programmed to feel good when buying it..’      source

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4 Responses to Obama..the feelgood brand for uninformed fools:

  1. The Gantt Guy says:
    September 3, 2012 at 17:38

    On a related note, Monday has been deemed

    National Empty Chair Day

    http://legalinsurrection.com/2012/09/monday-empty-chair-day/

    :whoop

  2. KG says:
    September 3, 2012 at 17:40

    Now watch the media give it saturation coverage../sarc

  3. The Gantt Guy says:
    September 4, 2012 at 11:11

    Is there just the slightest whiff of desperation in the Big Labor comments contained in this article about the DNC?

    http://www.buzzfeed.com/rosiegray/labor-brings-its-frustrations-to-charlotte

  4. The Gantt Guy says:
    September 5, 2012 at 04:33

    In USA today: Lesson # 1:

    Why the U.S. was downgraded:

    * U.S. Tax revenue: $2,170,000,000,000
    * Fed budget: $3,820,000,000,000
    * New debt: $1,650,000,000,000
    * National debt: $14,271,000,000,000
    * Recent budget cuts: $38,500,000,000

    Let’s now remove 8 zeros and pretend it’s a household budget:
    Annual family income: $21,700
    * Money the family spent: $38,200
    * New debt on the credit card: $16,500
    * Outstanding balance on the credit card: $142,710
    * Total budget cuts: $385

    Got It ?

    OK, now Lesson # 2: Here’s another way to look at the Debt Ceiling:

    Let’s say, you come home from work and find there has been a sewer
    backup in your neighbourhood … and your home has sewage all the way up to
    your ceilings.

    What do you think you should do?

    Raise the ceilings, or pump out the (ummmm) “effluent”?

    Lesson # 3 : in Australia today

    Right now the Federal Government is at pains to tell everyone – including us,
    the mug-punters, and the International Monetary Fund, that it will not exceed
    its own, self-imposed, borrowing limits.

    How much? $200 billion. And here’s a worry.

    If you work in a bank’s money market operation; or if you are a politician,
    the millions turn into billions and it rolls off the tip of the tongue a bit
    too easily. But every dollar that is borrowed, some time, has to be repaid.
    By you, by me and by the rest of the country.

    Just after 5 o’clock tonight I did a bit of math for Jason Morrison (Sydney
    radio presenter). But it’s so staggering its worth repeating now.

    First thought: Gillard, Swan, Wong, and before that Rudd, and all of the Labor
    Cabinet call these temporary borrowings, a temporary deficit.

    Remember Those Words : TEMPORARY DEFICIT.

    The total Government debt will end up around $200 billion.
    So here’s a very basic calculation… I used a home loan calculator to work
    it out….. it’s that simple..
    $200 billion is two hundred thousand million dollars.

    The current 10 year Government bond rate is 4.67 per cent. I worked the loan
    out over a period of 20 years. Now here’s where it gets scary …. really
    scary.

    The repayments on $200 billion come to more than one and a quarter billion
    dollars – every month – for 20 years. It works out that we – as taxpayers – will
    be repaying $15.4 billion in interest and principal every year .. $733 for
    every man woman and child – every year.

    The total interest bill over the 20 years is – get this – $108 billion.

    Remember, this is a Government that just 4 years ago had NO debt. NO debt.

    In fact, it had enough money to create the Future Fund, to pay the future
    liabilities of public servants’ superannuation, and it had enough to stick
    $20 billion into the Building Australia Fund …..

    A note was sent to me, which explains that the six leading members of the
    Government, from Ms Gillard down, have a collective work experience of 181
    years, but only 13 years in the private sector.

    If you take out of those 13 years the number that were spent as trade union
    lawyers, 11 years, only two years were spent in the private sector.

    So out of those 181 years:

    – no years spent running their own business
    – no years spent starting their own business
    – no years spent as a director of a family business or a company
    – no years as a director of a public company
    – no years in a senior position in a public company
    – no years in a senior position in a private company
    – no years working in corporate finance
    – no years in corporate or business restructuring
    – no years working in or with a bank
    – no years of experience in the capital markets
    – no years in a stock-broking firm
    – no years in negotiating debt facilities with banks
    – no years running a small business
    – no years at the World Bank or IMF or OECD
    – no years in Treasury or Finance.

    But these people have plunged Australia into unprecedented debt.

    Well, in a way you can’t blame them.
    It’s clear the electorate did not do their homework, because the Government
    is there by right.

    Ah, but they are Labor and people vote for them because Labor is good for
    the working family – right???