Obama talking with Gordon Brown…

OBAMA:

What I’m looking at is not the day-to-day gyrations of the stock market but the long-term, uh, ability for the United States and the entire world economy, uh, to regain its footing.  Uh, and, y-y-you know, the stock market is sort of like a tracking poll in politics. It bobs up and down day to day, uh, and if you spend all your time worrying about that, you’re probably going to get long-term strategy wrong.

He said it’s a tracking poll! It’s like a tracking poll in politics.  It’s going to bubble up and down; you can’t pay attention to tracking polls.

If it’s a tracking poll, if that’s what it is, you’re in the tank, Mr. President.

He’s not concerned! Three trillion dollars of wealth has vanished since he was elected.  The Dow Jones Industrial Average down around 3,000 points. He doesn’t care!  He just said we’re not looking at it.

Day-to-day gyrations? How-about-month-to-month declines.  There are no day-to-day gyrations to speak of here.  There is just a steady decline.  Besides he’s gotta worry about the long-term ability, the US and the world economy to regain its footing.  The stock market happens to be where people who have skin in the game are located, and they’re getting out.

Here’s another exchange Obama had with Gordon Brown.

OBAMA:

What you’re now seeing is profit and — and earning ratios are — are starting to to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it.  Uhhh, I think that consumer confidence, as they see the American, uh, Recovery and Reinvestment Act taking root, uh, businesses are starting to see opportunities for investment, uh, and potential hiring.

Really?

OBAMA:

It’s not going to happen overnight.

And my main message to the American people — is to just recognize that, um, we dug a very deep hole for ourselves. There were a lot of bad decisions that were made.  We are cleaning up that mess. Uh, It’s going to be, sort of, uh, full of fits and starts in terms of getting the mess cleaned up, but it’s going to get cleaned up.

This is Obama distancing himself from his own economy, distancing himself from the failure of his own recovery plan, and dumping it on the Bush administration. We inherited everything! He’s going to get away with this for a while, with a lot of Americans.

David Axelrod February 12th, 2009, in an interview with the Washington Post.

AXELROD:

Well, it can drive a White House.

WOMAN:

Not yours, huh?

AXELROD:

I’m not… It may not drive ours.  We’ve tried to keep our heads about us, and, uhhh, pursue what we think is the appropriate strategy, and that’s what we’re going to do here.

He was asked about the stock market and the daily drop, and he basically said,

“Well, it can drive a White House. It may not drive ours.  We don’t care what’s going in the stock market.  That’s not our plan.“

We throw the word “socialist” around and we assume that people know what it means.

There are three primary definitions of socialism.

It is “a political theory advocating state ownership of industry,” and we see it’s starting to happen with the banks and automobile companies.

It is “an economic system based on state ownership of capital,” meaning money. The state owns the money.

Now, no money is theirs. They don’t have a dime until they either print it or confiscate it from the people that produce it. But they’re now operating under the procedure that all money is theirs and you’re only going to end up with whatever they decide is “enough” for you.

Now, here are some variations on the definition of socialism.

“Any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods.”

Meaning the government in charge of all food, the government in charge of banks, the government in charge of energy — and you need to ask yourself: Given who government is today (it’s majority Democrat) you have to look and say, “Well, when they’ve run things, have they succeeded? Is there any evidence to suggest that they know what they’re doing?” No. In fact, they gave us the subprime crisis. They have given us a permanent underclass of people in poverty in this country. The Democrat Party has done this.

Another definition:

“A system of society or group living in which there’s no private property. A system or condition of society in which the means of production are owned and controlled by the state.” Number three: “A stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done.”

So you think that if Obama and his boys get total control that they’re going to be fair, everybody is going to be the same, and outcomes will be equal. Wrong. Their buddies are going to do fine. Their buddies won’t even have to pay taxes, like they don’t have to now. But you’re not going to do so well.

So those are the basic tenets of socialism. We throw it around, but I don’t think a lot of people take it more than government in charge of everything. It’s far worse than that.

Like the Phoenix, we rise from the ashes, giving rebirth to common sense.

After concerning technical difficulties, Frustrated Incorporated is excited to be back.  After a short period of site maintenance, I will update the past month with post that cover February 17 – March.

Please bare with me.

I will be back up to full speed quickly.

Thank you for your continued interest.

Regards,

Phantom Lady

Apologies to all who left comments, due to the problem with the database, as all were lost… I will try to recover what I can. I hope we can start again if any feel we need to highlight certain topics or philosophies. I encourage debate and discussion on all topics at anytime. Please contribute to the discussion and know that all statements/comments/criticisms are all welcome and appreciated.

Here’s Eugene Robinson of the Washington Post.

ROBINSON:

Obama is a winner this week because he got through a huge, complicated, almost $800 billion spending rescue bill in record time. This doesn’t happen in Washington. And — and, you know, sure, the beginning of an administration is the time when you really want to spend some political capital and — and — and — and those chips, but, wow.

Eugene, do you have the slightest idea what’s in this? Eugene, did you read it? Obama won? What about America? Did America win here, Eugene, or does that not matter to you people in the media anymore? It only matters that Obama won, right? Screw the American people. As long as Obama wins and the Republican Party loses, you’re happy, right, Eugene, and the rest of you guys in the media? Did America win? Did you read this? Would somebody tell me why it is so crucial that this thing pass last Friday and get signed into law tomorrow? And if it’s so crucial, how come he didn’t sign it Friday night while leaving to Chicago for a date with Michelle on Saturday night?

He can sign these things anywhere, if it’s such a catastrophe, such a crisis. Hell, the country could have gone bankrupt, Saturday, Sunday, could happen today. The bill wouldn’t be signed to save us.

But, Eugene, do you even know what’s in this? Did you read it? Or are you just marveling that Obama got something done faster than anybody else ever has? What if it’s no good, Eugene, what if it’s bad for the country? Or is that not possible since Obama’s behind it? I wish somebody in the Media would tell me what is it about Obama that this thing had to pass without anybody knowing what it is. It was more important that it pass regardless what anybody knew its contents were, it had to pass, it had to pass, it could not fail. Why?

Here is Ronald Brownstein, Atlantic Media. Ron Brownstein said this about the deal.

BROWNSTEIN:

The magnitude of — this bill was a presidency in a box. He achieved more of his aims in this single legislation than many presidents will achieve in an entire term. I mean there’s more new net public investment here on things the Democrats consider essential for long-term growth like education, scientific research, alternative energy, than Bill Clinton was able to achieve in two terms.

You know they’re in the tank when they tell us that one boondoggle of a debacle piece of legislation was more than Clinton got done in two terms.

I ask the same question of Mr. Brownstein: Have you read this? Do you know what’s in it? Do you know how it destroys welfare reform? Do you know how it adds to the welfare rolls? Do you know how it creates dependency? Do you know that it nationalizes or sets up the bureaucracy to nationalize health care? What is this rigmarole, net public investment on things the Democrats consider essential for long-term growth? Yes, of their party.

See, Mr. Brownstein, you’re correct when you say Democrats consider essential for long-term growth, but you stop there. Education, scientific research, alternative energy. They are looking for long-term growth of their party and their power.

And finally, here is Roger Simon from The Politico.

SIMON:

I don’t think it was such a bad thing for President Obama to reach out his hands to the Republicans and have those hands slapped away. Here’s a party shattered after two congressional elections in a row whose only unifying principle is that they’re against Obama. In the end, that’s not a winning hand for the Republicans. President Obama is being seen to get things done. Now, if those things succeed and that’s a big “if,” that’s huge victory for him and a huge defeat for the Republicans who turned their backs on it.

Oh, you still lamenting and worrying that the Republicans aren’t part of the deal, eh, Rodge?

Big “if” if this succeeds, huh? Big “if”?

Huge victory for Obama, huge defeat for Republicans… really?

By the way, Mr. Simon — We’re not against Obama. We’re against what Obama stands for. We support the president. We just don’t support any of these policies, or very, very few of them. They are horrible. They are a disaster. I can’t speak for the Republican Party, but we conservatives stand for ideas and core principles. We just don’t abandon them because we are pressured by our opponents to get along, for the sake of a new president.

Why? What is so important, Mr. Simon, that this guy succeed? Especially if we don’t think it’s good for the country? We’re not gonna park our principles at the door, check ’em at the door and then walk in to the party.

It’s a mistake in understanding for the Media to think that our only unifying principle is that we’re against Obama.

We’re against Obama for reasons.

How many promises did Obama break during the process of getting the stimulus bill passed in Congress?

The number is seven.

Here are the promises that were broken:

“Make government open and transparent.”

“Make it ‘impossible’ for congressmen to slip in pork barrel projects.”

“Meetings where laws are written will be more open to the public.”

Republicans were shut out.

“No more secrecy,”

–he said.

“The public will have five days to look at the bill” on the website

— ha-ha — this was day four of his presidency. He’s going to sign it tomorrow. You won’t know what’s in it. Nobody knows what’s in it! Nobody knew what’s in it when they voted for it.

And last, but not least,

“We will put every pork barrel project online.”

Not one of Obama’s promises were met in the entire process.
What’s next?