About Me

Name: Duane Bolick
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Archives

Blog Roll

 

We're Funding the Glorious Revolution and We Didn't Even Know It

So I was reading a blog today.  The premise of this blog is that the authors collect humorous instant message transcripts from mostly young "professional" business people, working in such fields as investment banking, and various other well-paid finance jobs.  These IM transcripts mostly describe the aftermath of these "professionals' " epic sessions of binge drinking, drug abuse, and just plain stupidity and irresponsibility.  They mostly read something like this:

 
Hedge Fund Manager:  OMG, i snorted how much blow last night? and then crashed my Bimmer into *what*?  OMG LOLZZ!!1!
Junior Investment Banker:  duderz, it was a homeless guy, plus you probly got AIDS from that hooker!
Hedge Fund Manager:  im still drunk, and its 11:30am and im at work LOL!  howd i get home>?
Junior Investment Banker: u drove home - EPIC WIN, FOR GREAT JUSTICE!  im on like my 8th martini now!
 
 
Seriously, you might think I'm exaggerating, but I'm not, at all.  I just took the liberty of combining the subject matter of a few of the blog posts into one.  OK, so these examples are probably not representative of all the fine young men and women that work on the Street (just the ones educated at fine liberal-dominated ivy-league schools).  But it got me mad as hell!  I was thinking, "These people are in charge of how much money?  And they (at least some of them) act like this?  I mean, how can these scum possibly deserve their exorbitant salaries?!?"  But then I caught myself - It's not my place (nor is it the government's, or anyone else's except the owner of a business) to decide how much salary a person "deserves."  Any firm that hires too many puffed-up B-school morons at inflated salaries, will eventually lose out to leaner, more responsible competitors. 
 
Even if I agreed with the typical lib argument that Wall Street salaries are too high because they all implicitly collude to keep them artificially elevated, eventually the industry as a whole would collapse, potentially fomenting the rise of a new breed of companies that would act more like a service-based company ought to:  responsible good stewards of value they did not (and could not) create instead of self-styled "masters of the universe" that they imagine themselves to be.
 
And that's when the true implications of Democrat support for bailouts for these arbitrarily-chosen "too-big-to-fail" industries really hit me.  Sure, it's about control (it always is), but not control of what the bailed-out companies do with the money, though Obama and Congress are certainly trying to do that in a spectacularly abusive and dangerous fashion.  See, by bailing out corporations (and entire segments of the market) that were either too stupid, greedy, or bloated to succeed on their own, Democrats have managed to engender resentment.  I'm even pissed off!  I mean, that is (er- was) the beauty of capitalism - you don't have to get mad, or experience even the teeniest bit of lib outrage, because "karma" always wins, and resources always flow to their most valued uses.
 
But through this bailout sideshow, which is being done to ostensibly "save the capitalist system from its own excesses," Obama and friends are actually making a big, fat investment in lots of bad will towards corporations and the free market.  In other words, value that was created in a free market is being used to fund class-based resentment, which is one of the dialectical pillars of Marxism.  What supreme irony, and masterful, Machiavellian, and ultimately horrible politics on the part of the Democrats.
 
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Obama's Socialist Light Shines On

American liberal Democrats adapt quickly, I'll give them that.  Ever since John Edwards was effectively laughed off the stage in 2004 during a Vice Presidential debate, where Cheney schooled him on why it's a really bad idea to increase taxes on small business, Obama and leading Democrats have modified their talking points in an attempt to obscure their Marxist (yeah, I said it) ambitions.

Unfortunately for them, anyone who pays attention to recent history can easily see through their laughably transparent facade.  Even worse, anyone who's paid attention to actual history (you know, all that "old stuff" that happened, like forty or fifty years ago) knows what happens to nations when they use Obama's proposed economic policies of, 1) income-quintile-based (i.e. "Class"-based) antagonism and, 2) "spreading the wealth."  The most recent and spectacular failure of a nation run by Obama's proposed policies would be the USSR, who managed to, in total, starve and/or murder over 100 Million people in the name of "equality" and "fairness" before it imploded.

In fact, to observe great examples of the ongoing collapse of Socialist-run economies, one has to look no further than western Europe, where citizens die of cancer while waiting to see doctors thanks to "Universal Health Care."  Entrepreneurs limit themselves to maybe one or two employees at best (if any at all) because if they earned any more, it'd all be taken away in taxes.  Your ability to get and keep a job is based not on your ability to create value, but on your ability to charm individuals on the local Works Council (these are common in European nations, especially Germany - think Labor Unions, writ large) into liking you, personally, enough to give you favors.  This is not ancient, irrelevant history.  These are current events, and they are evidence that the modern American left's plan of "Spread the Wealth," and their focus on "fairness," and "equality of outcomes," leads to personal suffering, economic stagnation and national despair.

Early in the presidential race during his appearance at Orange County's Saddleback Church, Obama was asked to define "rich."  Without hesitation Obama said, "I would argue that if you are making more than $250,000, then you ... are doing well.”  Obama, in effect, declared that there is such a thing as "enough" money, that he knows exactly how much "enough" is, and God help you if you make more than "enough."

When it was pointed out that taxing those Obama felt were "rich" would hamstring our economy because most of those individuals were actually small business owners (the creators of 70-80% of new jobs), Obama enlightened his narrative to say that his tax plans would only tax the upper 5% of "small businesses," leaving the less successful 95% relatively tax-free.  When it was pointed out that the upper 5% of those small businesses were the ones that created the vast majority of new jobs and that Obama's policies regardless of their sophomoric number-mangling, would still hamper America's economic growth, the left reacted strangely.

Rather than providing further enlightmenment of the Obama narrative, the Democrat Party Official Press Office (i.e., ABC, CBS, NBC, CNN, MSNBC, the Associated Press, Reuters, The View, The New York Times, etc.) claimed that Obama's detractors were accusing him of being a Socialist.  The American Socialist Party immediately declared that, despite the fact that Obama's economic policies are manifestly Socialist, Obama isn't a Socialist.  (Oddly enough, according to their statements in the article, they're all still voting for Obama).

How remarkable is it that when we as a nation have finally muddled through Obama's smokescreen to expose him for the Socialist he is, we start hearing claims from the mainstream media of "Red-baiting?"

To the uninitiated, the accusation of "Red-baiting," is the last-ditch defense of Socialists.  Once you've managed to reduce their convoluted words and speeches to their actual ideology, and realize, "Wait a minute...  This system of economics is fundamentally flawed.  I can explain why.  In fact, I can not only explain the flaws in an abstract manner, I can also provide recent concrete historical evidence that 'Spread the Wealth' policies just don't work, like in the Soviet Union, Cuba, Venezuela, China..." you're guilty.

The Obama political machine's current denial of Obama's naive Socialist tendencies is, "Oh-ho-ho, certainly nobody could possibly support a Communist economic policy.  Even though Obama's economic policy appears to be the same in nature, it's actually more, like, totally Change-oriented.  If you point out the fact that Obama's totally Change-oriented economic policy is actually just a rehashed, revamped version of Socialism, then...  Well, you're clearly anti-Change."

As a rose by any other name would smell just as sweet, a Socialist by any other name would govern just as badly.


Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

Democrats Say TXT MSGS R 2 Xpensive! OMG! LOL!!1!

Yesterday, a Democrat Congressman from Wisconsin, Herb Kohl, examined his cell phone bill and decided that the leading four wireless carriers in the U.S. need to:
 
"justify the "sharply rising rates" they charge people to send and receive text messages."
 
His concern is that the average cost of sending text messages has doubled over the past three years or so, and is now:
 
"20 cents per message, up from 10 cents in 2005."

and he wants the sellers of this valuable service to justify their increased prices.

Thanks to Democratic Senator Kohl for bringing this to national attention, but I'm more interested in why the consumers of cellular text messaging haven't complained yet.  Apparently, the people who use and pay for this service are OK with the current (Democratic-Senator-disapproved) price increase of sending and receiving a text message on their cell phones.

It's actually pretty easy to choose to not participate in the potentially economically-ruinous practice of receiving and sending text messages.  Your first line of defense is to not have a cell phone (ah, completely unrealistic, some might say, but I think it just might be possible to survive without one.).

Should you choose to have a cellular telephone, but you don't want to be exploited by the exorbitant prices that cell phone carriers charge for text messaging, you must go through the taxing process of saying, "No thanks, I don't want to send, or receive, text messages," when you purchase your service.

If you happen to have children (who, invariably and inconveniently like to *constantly* TXT their BFF), you can actually ask the cell phone company who provides you with cell phones and cell service to limit the number of outgoing and incoming text messages that you'll have to pay for.  If not, I suggest you choose a cell carrier who'll let you.

...

Regardless, I'm glad that there are Democrats like Herb Kohl out there who are watching over us to figure out when the price of stuff is "too high," and we're all just "too stupid" to figure it out on our own.

I guess that's what we pay Congress for.


Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »