President Obama–Killer of The American Dream and Market Capitalism–Stop The Radical Socialists Before They Kill You!

Posted on May 19, 2009. Filed under: Blogroll, Communications, Economics, Energy, Links, People, Politics, Quotations, Rants, Raves, Regulations, Resources, Talk Radio, Taxes, Technology, Video | Tags: , , , , , , , , , , , , , |

“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small elite.”

~Ludwig von Mises, The Ant-capitalistic Mentality, p. 49.

“That democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for its produces something so utterly different that few of those who now wish it would be prepared to accept the consequences, many will not believe until the connection has been bare in all its aspects.”

~Friedrich A. Hayek, The Road to Serfdom, page 34.


The American People March on Washington D.C.–August 28, 2010–At The Lincoln Memorial! Mark Your Calendar–Be There–Three Million Minimum–Join The Second American Revolution


Share of GDP: China, India, Japan, Latin America, Western Europe, United States


Share of Population Growth: China, India, Africa, Latin America, Western Europe, United States


The growth and success of the American economy in creating wealth and employment is  largely due to market capitalism and the American work ethic.

Electricity, autos, trucks, airplanes, jets,  telephones, computers, radios, air conditioners, refrigerators, television,   movies, medical drugs, devices and cures and treatments were all due to individuals creating wealth in the private sector and not by government initiatives, regulations or interventions.

For 2008 the estimated Gross Domestic Product of the United States was $14,264,600,000,000 or 14.264 trillion dollars.

For 2008 the estimated Gross Domestic Product of the World was $69,490,000,000,000 or 69.49 trillion dollars.

For 2008 the United States produced approximately 20.5% of the world’s gross domestic product.

Bureau of Economic Analysis, National Accounts

The United States’ population is about 306 million and the world’s population is about 6,781 million.

The United States’ population is just over 4.51% of the world’s population.

With  less than 5% of the world population and using roughly 25% of the world’s oil, the United States economy creates over 20% of the world’s production, output or wealth.

U.S. Population Clock

World Population Clock

The growth and success of the United States of America is manifestly not due to government intervention into the economy by radical socialist lawyers and social engineers that have never run a business, met a payroll or understand how wealth is created and markets work.

President Obama is trying to destroy market capitalism by creating economic crisises and insisting that government intervention is needed to solve the crisises.

The bailout of failing businesses is not the function of the Federal government nor are such bailouts constitutional.

Glenn Beck – U.S. Obligated Debt Exceeds World GDP $78.8 Trillion

President Obama and the Democratic Party are using either taxpayer money, deficit debt financing and/or the printing of money by debt monetization to finance the bailout of  businesses, unions, and governments.

President Obama and the Democratic Party are using the Federal government to steal money and wealth  from the American people  and giving it to their political friends and partners in crime.  Just like the National Socialist did it Germany with the jews and the Communists in the Soviet Union and China did with business and property owners.

How the liberals destroyed America 1

How the liberals destroyed America 2

Meanwhile, Communist China is turning slowly away from communist socialism and surprise embracing market capitalism for its economy:

China embracing capitalism

President Obama and the Democratic Party are paying off  private entities such as banks, businesses and unions that made significant campaign contributions to elect President Obama and other Democratic Party politicians.

President Obama is shaking down and extorting from the American people money to payoff those who got him into power including the executives at the failing Wall Street firms and banks and the unions including the UAW, SEIU and NEA.

President Obama strategy is to create a crisis then assert that the only solution is another Federal government program, regulation, standard, tax or subsidy. This is not change. It more government interference and meddling into job wealth creation.

President Obama still does not understand that the vast majority of new jobs  in the economy are created by small to medium size businesses started by entrepreneurs and where the business is usually less than five years old. Governments are not job and wealth creators but are largely wealth redistributors at best and job and wealth destroyers at worse.

Today with much fanfare and more and bigger lies, President Obama announced  a proposed new CAFE standards.

Obama’s Energy Czar on new Tailpipe Emissions Standard

Obama Pushes Stronger Fuel-efficiency Standard

For the United States to become energy independent, the Federal government needs to get out of the way and stop micromanaging the economy by picking winners and losers in business and technologies.

The private sector should be unleashed from government regulations to explore and produce oil and national gas for the economy’s transportation, heating and electricity needs.

More coal and nuclear plants need to be built to meet the nation’s rising demand for electricity.

Currently about 50% of electricity in the United States is produced coal powered plants and another 20%  is produced by 105 nuclear powered plants.

Since it takes about 8 to 10 years to design and build a new nuclear plant, for now any new power plants will need to be powered by coal or natural gas.

One alternative is to follow the example of France and produce about 80% of future electricity needs of the United States from nuclear power plants.

This would require the building of about 400 nuclear plants over a forty-year period or about ten per year beginning in 2010 and ending in 2050.

Over these forty years both cars and trucks could gradually transition to an all electrical powered vehicles as scientific breakthroughs are made in batteries and other technologies.

Alternative energy from wind turbines and solar power simply cannot compete in terms of price with coal, nuclear power and natural gas. A manufacturing sector cannot compete globally if it cannot get inexpensive power from coal and nuclear plants.

Both China and India are building a large number of  both coal and nuclear powered plants to produce electricity to expand their manufacturing base.

The United States should be following their example given our massive supply of coal and understanding of the science and technology of nuclear power.

If a cap-and-trade carbon dioxide emissions tax were enacted, more and more manufacturers will flee the United States to where both energy and labor are much cheaper.

The cap-and-trade carbon dioxide emissions tax will mean the loss of millions of jobs and significantly higher energy prices for all Americans.

Peter Huber who understands and writes books about energy and the environment tells it like it is, pay attention to this man, he knows what he is talking about:


Capping Carbon Emissions Is Bad, No Matter How You Slice the Revenue

by Nicolas Loris and Ben Lieberman

“…The problem with these efforts is that they do not resolve the central problem that will continue to plague attempts to cap CO2: All carbon capping plans are costly energy taxes in disguise that will raise energy prices and unemployment with little environmental benefit.

Cap and Trade

Under a cap-and-trade program, each power plant, factory, refinery, and other regulated entity will be allocated allowances (rights) to emit six greenhouse gases. However, only a certain percentage of the allowances will be allocated to these entities. The remaining percentage will be auctioned off or distributed to other emitting entities. Emitters who reduce their emissions below their annual allotment can sell their excess allowances to those who do not. Over time, the cap would be ratcheted down, requiring greater cuts in emissions and more harm to the economy.

There are plenty of reasons why a cap-and-trade program is a bad idea, including lack of transparency and potential for fraud and abuse. But above all it is an economic burden and jobs killer. …”

The Heritage Foundation’s analysis concludes:

“…The result is government-set caps on energy use that damage the economy and hobble growth–the very growth that supports investment and innovation. Analysis of the economic impact of Waxman-Markey projects that by 2035 the bill will:

Reduce aggregate gross domestic product (GDP) by $7.4 trillion,

  • Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
  • Raise electricity rates 90 percent after adjusting for inflation,
  • Raise inflation-adjusted gasoline prices by 74 percent,
  • Raise residential natural gas prices by 55 percent,
  • Raise an average family’s annual energy bill by $1,500, and
  • Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.  …”

The Economic Impact of Waxman–Markey

By William W. Beach, David Kreutzer, Ph.D., Karen Campbell, Ph.D. and Ben Lieberman

Yet President Obama and his Energy Czar persist in misleading and lying to the American people about greenhouse gas being pollutants and man is causing climate change by emitting carbon dioxide from their cars they drive and from the electricity they use from coal and natural gas powered plants.

CO2 is a trace gas.

Climate Change – Water Vapor

The most important greenhouse gas by far is water vapor which again is not a pollutant. Nor for that matter is carbon dioxide.

The climate has been warming primarily due to natural causes over the last 150 years.

This is turn is usually followed by rising levels of carbon dioxide and water vapor in the atmosphere.

Carbon dioxide emissions do not cause the temperature to rise, it is just the opposite.

Greenhouse Gases

Professor Fred Singer on Climate Change pt 1

Professor Fred Singer on Climate Change pt 2

The imposition of higher CAFE standards for the purpose of lowering carbon dioxide emissions in turn to lower temperature of the planet is to put it bluntly crazy.

The American people are not buying this radical socialist silliness and stupidity.

These CAFE standards will result in significantly higher car prices to recoup the cost of retooling and redesigning cars that are smaller, lighter and yes more dangerous to your life and limbs.

The American people should decide what type of cars or trucks they want to drive and not government bureaucrats and lawyers.

In the United States the American people are free to choose to buy the products and services they need and want.

They do not want any help from busy-body nanny radical socialists and government bureaucrats.

The American people are adults and will buy what they want and can afford not what an unqualified and inexperience President wants us to buy to payoff his political friends and backers.

Consumer sovereignty rules in America and not government Energy Czars or commissars telling the American people what types of cars they should buy.

It is simply none of the government’s business nor for that matter is it constitutional for the Federal government to dictate how many miles a vehicle get.

Higher CAFE standards mean lighter and smaller cars that would result in higher deaths and injuries when they collide with heavy and larger trucks and older and bigger cars on the roads and highways of America.

This in turn would mean higher medical bills for doctor and hospital care resulting from accidents where you are driving a Obama lightweight car and hit and crushed by a large and heavy truck.

The American political elites are killing tens of thousands of Americans each year with their mandated CAFE standards. President Obama first kills babies with his radical pro abortion position and policies, then kills you and your family as you drive your small car, and when you are old will kill you by rationing health care if his proposed universal health care plan is enacted. If you value your life you must act to stop this radical socialist killer of the American dream and market capitalism.

Boycott the purchase of any good or service from companies that were bailed out by the Federal government–that includes banks, insurance companies, auto companies, unions and governments.

Greenhouse gases such as water vapor and carbon dioxide are not pollutants no matter how many times President Obama and his Energy Czar say greenhouse gases are pollutants. They are misleading you to confuse you.

Climate change is unstoppable and is naturally caused.

Any politicians that believes man is the primary cause of climate change is a fool or fanatic.

Vote out of office any politician of either political party that votes for the new cap-and-trade carbon dioxide tax based on the junk science of computer climate models.

The radical socialists are planning to use the hidden cap-and-trade carbon dioxide emissions tax to finance massive government intervention into the US economy and to fund their crimes against the American people.

The radical socialists elites could care less about the American people and their needs, wants, preferences and liberty.

The radical socialist are screwing the American people by raising the costs of all energy consumed including electricity, heating oil, and gasoline for transportation as well as increasing the prices of new smaller and lighter cars.  Cars that most Americans do not want to buy nor want to pay higher prices for.

Government control and intervention into the economy leads slowly and surely to government tyranny.

President Obama is an economic illiterate who is wrecking the economy and destroying jobs.

He is also a radical socialist who routinely tells bold face lies.

He should not be trusted nor believed.

The American Dream, market capitalism and your life are in danger.


You are invited to attend a Tea Party on August 28, 2010 in Washington D.C. at the Lincoln Memorial!

Join the Second American Revolution


The Meaning of Independence Day

Ayn Rand Center for Individual Rights

Please Spread The Message of Liberty


Proclaim liberty throughout the land to all its inhabitants.”

Let Freedom Ring

An Inspirational Video 1 – The Law Of Attraction

“Economic control is not merely control of a sector of human life which can be separated from the rest; it is the control of the means for all our ends. And whoever has sole control of the means must also determine which ends are to be served, which values are to be rated higher and which lower, in short what men should believe and strive for.

~Friedrich A. Hayek, The Road to Serfdom

“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individual’s life and the unrestricted supremacy of the government in its capacity as central board of production management.”

~Ludwig von Mises, Bureaucracy, p. 10.

Background Articles and Videos

Gross Domestic Product

The gross domestic product (GDP) or gross domestic income (GDI), a basic measure of an economy’s economic performance, is the market value of all final goods and services produced within the borders of a nation in a year. [1] GDP can be defined in three ways, all of which are conceptually identical. First, it is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production (the intermediate stages) by all the industries within a country, plus taxes less subsidies on products, in the period. Third, it is equal to the sum of the income generated by production in the country in the period—that is, compensation of employees, taxes on production and imports less subsidies, and gross operating surplus (or profits).[2] [3]

The most common approach to measuring and quantifying GDP is the expenditure method:

GDP = consumption + gross investment + government spending + (exports − imports), or,
GDP = C + I + G + (X − M).

“Gross” means that depreciation of capital stock is not subtracted out of GDP. If net investment (which is gross investment minus depreciation) is substituted for gross investment in the equation above, then the formula for net domestic product is obtained. Consumption and investment in this equation are expenditure on final goods and services. The exports-minus-imports part of the equation (often called net exports) adjusts this by subtracting the part of this expenditure not produced domestically (the imports), and adding back in domestic area (the exports).

Economists (since Keynes) have preferred to split the general consumption term into two parts; private consumption, and public sector (or government) spending. Two advantages of dividing total consumption this way in theoretical macroeconomics are:

  • Private consumption is a central concern of welfare economics. The private investment and trade portions of the economy are ultimately directed (in mainstream economic models) to increases in long-term private consumption.
  • If separated from endogenous private consumption, government consumption can be treated as exogenous,[citation needed] so that different government spending levels can be considered within a meaningful macroeconomic framework.

Consumer sovereignty

“…Consumer sovereignty is a term which is used in economics to refer to the rule or sovereignty of purchasers in markets as to production of goods. It is the power of consumers to decide what gets produced. People use the this term to describe the consumer as the “king,” or ruler, of the market, the one who determines what products will be produced. [1] Also, this term denotes the way in which a consumer ideologically choices to buy a good or service. Furthermore,the term can be used as either a norm (as to what consumers should be permitted) or a description (as to what consumers are permitted).

In unrestricted markets, those with income or wealth are able to use their purchasing power to motivate producers as what to produce (and how much). Customers do not necessarily have to buy and, if dissatisfied, can take their business elsewhere, while the profit-seeking sellers find that they can make the greatest profit by trying to provide the best possible products for the price (or the lowest possible price for a given product). In the language of cliché, “The one with the gold makes the rules.”

To most neoclassical economists, complete consumer sovereignty is an ideal rather than a reality because of the existence — or even the ubiquity — of market failure. Some economists of the Chicago school and the Austrian school see consumer sovereignty as a reality in a free market economy without interference from government or other non-market institutions, or anti-market institutions such as monopolies or cartels. That is, alleged market failures are seen as being a result of non-market forces. However, it has also been argued (e.g., by Goutam U. Jois) that even a “pure” market system violates the consumer sovereignty norm. …”

Greenhouse gas

The Global Warming Report

Global Warming: How Hot Air and Bad Science Will Give You Staggeringly Higher Taxes and Prices.

Roy Spencer at the climate change contrarian conference

Dr Roy Spencer on Global Warming Part 1 of 6

Dr Roy Spencer on Global Warming Part 2 of 6

Dr Roy Spencer on Global Warming Part 3 of 6

Dr Roy Spencer on Global Warming Part 4 of 6

Dr Roy Spencer on Global Warming Part 5 of 6

Dr Roy Spencer on Global Warming Part 6 of 6

Recent Evidence for Reduced Climate Sensitivity

Obama’s $1,300 car tax

By Michelle Malkin

“…Nobody in the White House is going to call the president’s “mileage and pollution” plan what it is.

It’s a $1,300 car tax. On the working class. On the middle class. On everyone who has responded to the government’s consumption-mania incentives — loosened credit, tax deductions — and bought/planned to buy a new car without taking into account these unanticipated costs:

President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment — and be willing to pick up the tab.

Obama on Tuesday planned to announce the first-ever national emissions limits for cars and trucks, as well as require a 35.5 miles per gallon standard. Consumers should expect to pay an extra $1,300 per vehicle by the time the plan is complete in 2016, officials said…

…Administration officials said consumers were going to pay an extra $700 for mileage standards that had already been approved. The comprehensive Obama plan would add another $600 to the price of a vehicle, a senior administration official said.

The extra miles would come at roughly a 5 percent increase each year. By the time the plan takes full effect, at the end of 2016, new vehicles would cost an extra $1,300.

That official said the cost would be recovered through savings at the pump for consumers who choose a standard 60-month car loan and if gas prices follow government projections.

Let’s all deliver a collective snort in response to yet another self-delusional bureaucrat’s promise that yet another massive government intervention will produce cost savings:

CAFE Standards Kill: Congress’ Regulatory Solution to Foreign Oil Dependence Comes at a Steep Price

by Ryan Balis

“…On the heels of the Arab oil embargo, in 1975 Congress enacted Corporate Average Fuel Economy (CAFE) standards as a regulatory solution to reduce the United States’ dependence on foreign oil and gasoline consumption.1 CAFE standards mandate that vehicles sold in the U.S. meet fuel efficiency – or “fuel economy” – standards. Current standards require an average of 27.2 miles per gallon (mpg) for cars and 21.6 mpg for light trucks.2

Beginning in 2008, “one-size-fits-all” CAFE standards for light trucks will be phased out.  New regulations will divide light trucks into six categories based on vehicle size – each category having its own mpg target.3 However, the fuel economy for these vehicles will be raised from the current 22.2 mpg to 24.0 mpg in model year 2011.4

According to a National Highway Traffic Safety Administration (NHTSA) estimate, implementing this change will cost American consumers over $6.71 billion in added vehicle expenses from 2007-2011.5 Yet Marlo Lewis, a senior fellow at the Competitive Enterprise Institute, calculates that the fuel savings will be a mere 0.44 billion gallons of gasoline annually.6 On average, U.S. cars and light trucks consume some 11 billion gallons of gasoline each month.7 …”

In-Depth Look – White House Reacts On GDP Report – Bloomberg

In-Depth Look – First Read Of 1Q GDP – Bloomberg

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