Showing posts with label barack obama. Show all posts
Showing posts with label barack obama. Show all posts

Monday, 23 March 2009

Obama' Latest One Trillion Dollar Hair Brain Scheme

Gotta hand it to this guy, he's either a genius or completely mad. President Barack Obama has just announced his latest directive to try and rescue America's dire economy. He intends to spend around one trillion dollars to try and set up some sort of auction system whereby the private sector is allowed to bid for a range of toxic debts. He hopes that by doing this the true value of these debts can be assessed by the amount that the open market is willing to bid. I can save him a lot of time and maybe money. These so called toxic debts (derivatives etc..) are worth absolutely nothing, zilch, zero, nadda. No one in their right mind is going to bid even one cent for them. I think the clue is in the terminology. The debts are toxic. If you know something is toxic why would you buy it. Interest in these debts may come from companies who are looking to trade or swap even more toxic positions. Sure there are plenty of people who might be willing to exchange Gonorrhea for Syphilis but at the end of the day you've still got a nasty disease. Some say that at least he's doing something. Well if this is President Obama's something maybe he should consider nothing.

Wednesday, 11 March 2009

Obama's Stem Cell Catastrophe

President Barack Obama's recent announcement regarding the removal of stem cell research restrictions is fundamentally wrong. The destruction of innocents can not be justified under any circumstances. The ends definitely do not justify the means!! I thought the president was a Christian. Surely he understands that each new life is a statement of God's Will and not even a President can go against that. The argument that hundreds of lives can be saved through such abominable research only shows the weakness of mortal arguments. A belief in the sanctity of life has divine backing and ultimately this principle should be upheld by means of faith. If we just followed human logic then most people could be convinced of practically anything. In order to do the right thing we must rely on a faith based morality and categorically reject stem cell research and its abortive techniques. There is no reasoning on earth that can ever compromise our commitments to protecting the unborn.

Friday, 27 February 2009

President Obama's Budget: What Budget?

So President Obama's brilliant idea is to solve America's economic woes by getting into more debt. Has he lost his mind. It was debt that caused the trouble in the first place. How is setting America up for national bankruptcy going to solve the problem. Throwing tax payers money at institutions that have steered their way down an economic toilet will just make things worse. They'll only do it again. This is no time to try quick fixes to somehow rekindle past glories. People should understand that there may be hard times ahead and make adjustments accordingly. The economy will get back into shape when entrepreneurial types seize opportunities and start rebuilding. But for these people to get going there needs to be an incentive. Raising taxes does not help. Bailouts for organisations that offer things that nobody really wants are pointless. If a company is lame then it should fall and be replaced by one that is up to the job. America should look to the long term if it wants to get back to the good times. Obama just wants another four years.

Monday, 7 January 2008

So What If Barack Is Black?

People make too much of the fact that Barack Obama is black. This may be a genuine indirect apology for years of persecution of non-"white" people. However, media involvement suggests that more sinister forces are at work. Certain members of the media, who envy Mr Obama's success, try to belittle him by saying "hasn't the black man done well". The key thing about Barack Obama is that he is an American. He is doing well because his policies appeal to a lot of people who support the Democrat party. His success has little, if anything, to do with the colour of his skin. Journalists who persist in patronising him merely expose their own deep seated prejudices!