Barry Soetoro

Professor Joseph Olson of Hamline University School of Law, St. Paul, Minnesota, points out some interesting facts concerning last November’s Presidential election:
Number of States won by: Obama: 19 McCain: 29

· Square miles of land won by: Obama: 580,000 McCain: 2,427,000

Population of counties won by: Obama: 127 million

McCain: 143 million

Murder rate per 100,000 residents in counties won by:

Obama: 13.2 McCain: 2.1

Professor Olson adds: “In aggregate, the map of the territory McCain won was mostly the land owned by the taxpaying citizens of the country. Obama territory mostly encompassed those citizens living in low income tenements and living off various forms of government welfare…”

Olson believes the United States is now somewhere between the “complacency and apathy” phase of Professor Tyler’s definition of democracy, with some forty percent of the nation’s population already having reached the “governmental dependency” phase.

If Congress grants amnesty and citizenship to twenty million criminal invaders called illegal’s and they vote, then we can say goodbye to the USA in fewer than five years.

Over five thousand years ago, Moses
said to the children of Israel ” pick up your
shovel, mount your asses and camels, and
I will lead you to the promised land”.

Nearly 75 years ago, Roosevelt said, “Lay down your
shovels, sit on your asses, and light up a camel, this is
the promised land”.

Now Obama has stolen your shovel, taxed your
asses, raised the price of camels, and mortgaged the
promised land!

Furthermore, I was so depressed last night thinking about
Health Care Plans, the economy, the wars, lost jobs,
savings, Social Security, retirement funds, etc… I called
Lifeline, the suicide help line. Got a call center in Pakistan.
I told them I was suicidal.

They all got excited and asked if I could drive a truck…

I hope to live long enough to see the riots when those who currently pay no taxes suddenly find that either they have to pay them, or that the “entitlements” are cut off. Expect that most riots will be in cities, and the folks of “fly-over” country are not going to be too sympathetic when the inevitable happens.

“We’ve been predicting this would happen for some time. To keep you informed and hopefully entertained, let us expand on our premise. We believe the debt of nearly every government in the world will soon trade at a significant premium to the best-run private companies.

The reason is quite simple: As long as they don’t have to pay for it, people will always vote for more government spending. That leads politicians to implement strategies that shield the true costs of government spending from the majority of voters – using debt and steeply progressive taxes. Today, roughly half of all Americans pay zero federal income taxes. As a result, it’s not hard to win an election promising more things, like “free” health care.

This isn’t really a political problem. It’s actually an economic problem. There’s a structural asymmetry between the people who approve the budgets (through elections) and the people who have to finance the budgets. Eventually, this will lead to a complete fiscal collapse. And it’s going to happen a lot sooner than people think because the bondholders aren’t stupid. They can see where the trend is heading. And that’s why, as of today, it costs OBAMA! more to borrow money than Warren Buffett.

This problem isn’t unique to America. It’s happening all over the Western world. Nearly every single major nation – the so-called G7 – will have debt-to-GDP ratios that exceed 100% by 2014. The exceptions are Canada and Germany – at least if Germany decides not to bail out Greece, Spain, Portugal, and Italy.

The problem is, once creditors begin to fear more and more paper will simply be printed to pay these debts (and, of course, that’s what will happen), interest rates will rise. And they could rise suddenly. That would force governments to spend vastly more money on interest payments than they expect. That’s the big problem right now in Greece, for example. I believe the U.S. will be spending close to 25% of its income tax receipts on interest by 2015. That’s simply not sustainable.

Sooner or later, something will have to give… whether that’s taxpayers abandoning the country or the government vastly expanding the tax base. The same will be true for just about every other major Western country. It won’t just be the Greeks rioting in the streets. People here, just like over there, have gotten used to getting something for nothing. And they’re going to be very angry when the gravy train comes to an end.

———————–

Speaking of gravy trains… As you surely know, OBAMA!’s health care bill made it through the Congress over the weekend, bringing us one step closer to a socialist utopia. Employers will be required to provide affordable insurance or pay a penalty of up to $3,000 per worker. And what if an individual doesn’t want insurance? Too bad, the government will fine you $695 a year or 2.5% of your income if you aren’t insured.

We don’t recall reading in the Constitution where Congress was given the right to force citizens to buy health insurance. Of course, we’ve long since realized there is no true check on the government’s power. But we look forward to reading future Supreme Court decisions about this law. It will at least be entertaining to see how it can twist the plain and obvious meaning of the 10th Amendment, which clearly states powers not expressly given to Congress are strictly reserved for the states: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.” So much for a constitutional, limited government…

What’s the good news? The new health care bill will create a slew of IRS jobs. According to a press release from Rep. Kevin Brady (R-Texas), the bill will spur the largest expansion of the IRS since withholding taxes was introduced during World War II…

A new analysis by the Joint Economic Committee and the House Ways & Means Committee minority staff estimates up to 16,500 new IRS personnel will be needed to collect, examine and audit new tax information mandated on families and small businesses in the “reconciliation” bill being taken up by the U.S. House of Representatives this weekend.

Scores of new federal mandates and fifteen different tax increases totaling $400 billion are imposed under the Democratic House bill. In addition to more complicated tax returns, families and small businesses will be forced to reveal further tax information to the IRS, provide proof of ‘government approved’ health care and submit detailed sales information to comply with new excise taxes.

As if the increased tax burden from the health care bill wasn’t enough, we’ll soon be throwing more tax dollars at the Federal Deposit Insurance Corp (FDIC), too… Regulators closed another seven banks over the weekend, bringing this year’s total to 37. And that follows the 140 closures in 2009. The FDIC seized one bank in Alabama, three in Georgia, and one each in Minnesota, Utah, and Ohio. It was unable to find a buyer for Utah-based Advanta Bank, which had $1.6 billion in assets and $1.5 billion in deposits. That failure is expected to cost the federal insurance fund $635.6 million. The other six failures will cost around $647 million. Regulators expect the pace of bank failures to increase this year, as losses mount from commercial property loans. The FDIC expects the cost of resolving bank failures to grow to around $100 billion over the next four years.”

Once upon a time I was invited to the White House for a private dinner with the President.

I am a respected businessman, with a factory that produces memory chips for computers and portable electronics.

There was some talk that my industry was being scrutinized by the administration, but I paid it no mind. I live in a FREE country. There’s nothing that the government can do to me if I’ve broken no laws. My wealth was EARNED honestly, and an invitation to dinner with an American President is an honor.

I checked my coat, was greeted by the Chief of Staff, and joined the President in a yellow dining room.

We sat across from each other at a table draped in white linen. The Great Seal was embossed on the china. Uniformed staff served our dinner.

The meal was served, and I was startled when my waiter suddenly reached out, plucked a dinner roll off my plate and began nibbling it as he walked back to the kitchen..

“Sorry ’bout that,” said the President. “Andrew is very hungry.”

“I don’t appreciate…” I began, but as I looked into the calm brown eyes across from me, I felt immediately guilty and petty. It was just a dinner roll. “Of course,” I concluded, and reached for my glass.

Before I could, however, another waiter reached forward, took the glass away and swallowed the wine in a single gulp. “And his brother, Eric, is very thirsty,” said the President.

I didn’t say anything. The President is testing my compassion, I thought. I withheld my comments and decided to play along. I don’t want to seem unkind..

My plate was whisked away before I had tasted a bite.

“Eric’s children are also quite hungry.”

With a lurch, I crashed to the floor. My chair had been pulled out from under me.

I stood, brushing myself off angrily, and watched as it was carried from the room.

And their grandmother can’t stand for long.”

I excused myself, smiling outwardly, but inside feeling like a fool. Obviously I had been invited to the White House to be sport for some game. I reached for my coat, to find that it had been taken.

I turned back to the President.

“Their grandfather doesn’t like the cold.”

I wanted to shout, “that was my coat!” But again, I looked at the placid smiling face of my host and decided I was being a poor sport. I spread my hands helplessly and chuckled.

Then I felt my hip pocket and realized my wallet was gone. I excused myself and walked to a phone on an elegant side table.

I learned shortly that my credit cards had been maxed out, my bank accounts emptied, my retirement and equity portfolios had vanished, and my wife had been thrown out of our home.

Apparently, the waiters and their families were moving in. The President hadn’t moved or spoken as I learned all this, but finally I lowered the phone into its cradle and turned to face him.

“Andrew’s whole family has made bad financial decisions. They haven’t planned for retirement and they need a house. They recently defaulted on a subprime mortgage. I told them they could have your home. They need it more than you do.”

My hands were shaking. I felt faint I stumbled back to the table and knelt on the floor.

The President cheerfully cut his meat, ate his steak, and drank his wine. I lowered my eyes and stared at the small grey circles on the tablecloth that were water drops.

“By the way,” he added, “I have just signed an Executive Order nationalizing your factories.

I’m firing you as head of your business. I’ll be operating the firm now for the benefit of all mankind.

There’s a whole bunch of Erics and Andrews out there and they can’t come to you for jobs groveling like beggars…we need to spread YOUR wealth around…”

I looked up. The President dropped his spoon into the empty ramekin which had been his crème Brule.

He drained the last drops of his wine. As the table was cleared, he lit a cigarette and leaned back in his chair.

He stared at me. I clung to the edge of the table as if it were a ledge and I were a man hanging over an abyss.

I thought of the years behind me, of the life I had lived. The life I had earned with a lifetime of work, risk and struggle.

Why was I punished? How had I allowed it to be taken? What game had I played and lost? I looked across the table and noticed with some surprise that there was no game board between us.

What had I done wrong?

As if answering the unspoken thought, President Obama suddenly cocked his head, locked his empty eyes to mine, and bared a million teeth, chuckling wryly as he folded his hands.

“You should have stopped me at the dinner roll,” he said.

WAKE UP AMERICA!!!