The Time for Transformation Has Arrived

Today the House passed $787,000,000,000 in new spending under the guise of saving our economy from complete and utter destruction. It should be noted that none of the Republican members of Congress approved the bill, and even seven Democrats opposed the spendulus package.

The bill now goes up for vote by the Senate, where it is expected to pass with the support of the two "Republican" senators from Maine pushing it over the hump.

"We've done something today that's transformational for the nation," said House Speaker Nancy Pelosi, D-Calif., in a press conference after the vote.

House Appropriations Committee Chairman David Obey, D-Wisc., characterized the bill as "the largest change in domestic policy since the 1930s."

Does this talk of change and transformation scare anyone besides me? Personally, I like a free market system. I enjoy living in a Democracy. I don't want our country to transform into something else. I don't want this kind of domestic policy change. This kind of deficit spending is not healthy. In fact, this kind of deficit spending on the part of consumers is exactly why we are in this mess in the first place.

On top of the spendulus package that just passed, Obama is now considering a plan to subsidize the mortgages debt of homeowners facing foreclosure on their homes.

Details remain scarce, but at this point the subsidy plan entails having struggling homeowners take an affordability test and undergo a re-appraisal to see if they are eligible. The subsidy would allow servicers to adjust the loan terms without having the mortgage's investors take a loss, which should make them more open to the loan modification.

If the investors and mortgage holders aren't taking a loss, then who is? Taxpayers would take the loss. How is this fair to those who have been responsible about living within their means?

In my opinion, these policies are leading us perilously close to Socialism and/or Communism.

Questioning Politics.

Could This Be the End of Democracy As We Know It?

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."

I believe this quote is attributed to Thomas Jefferson, although I could be wrong about that. Regardless of who said it, the point remains frighteningly true. I'm not about to say this current series of spendulus packages and government spending increases will be the cause of the downfall of the US government as we know it. But we should all be on high alert for further signs of a move towards socialism and/or widespread government dependence.

The late Dr. Adrian Rogers is credited with the following quote:

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that, my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."

It's important to be aware of the steps the government is taking and prepare yourself for the worst. I certainly don't want to be working for the benefit of someone else. If that's the situation we find ourselves in, we better have a plan of action to absolve ourselves of the problem. Any suggestions about what could be done?

Questioning Politics.

Quote of the Week

Morgan Stanley CEO John Mack apologized for his company's part in causing the housing bubble.

Rep. Michael Capuano, Democrat from the Boston area, rejected the apology with the following comment:

"You come here today on your bicycles after buying Girl Scout cookies and helping out Mother Teresa. You're saying, 'We're sorry. We didn't mean it. We won't do it again. Trust us.' I have some people in my (district) who have robbed some of your banks and they say the same thing."

I couldn't have said it better myself!!

If There Must Be a Tax Increase...

The other day, one of my favorite blogs, Independent Political Report, posted a letter from Ralph Nader regarding a financial transactions tax.

I have not paid attention to Nader or his views recently, but I appreciated some of the ideas put forth in this letter. For instance,

Let’s start with a fairness point. Why should you pay a 5 to 6 percent sales tax for buying the necessities of life, when tomorrow, some speculator on Wall Street can buy $100 million worth of Exxon derivatives and not pay one penny in sales tax?

The basis of my position on tax entails trying to find the most fair and equitable tax treatment for all people. I hate paying taxes, but I understand it is a necessary in order to provide for a safe and effective country. It doesn't seem fair to me that speculators are purchasing assets (stocks, bonds, etc.) without paying a sales tax, simply because of the type of asset it is. Nader goes on to say,

He adds that after the 1987 stock market crash, securities-trading taxes “or similar measures” were endorsed by then Senate Minority Leader Bob Dole and even the first President Bush. Professor Pollin estimates that a one-half of one percent tax would raise about $350 billion a year. That seems conservative. The Wall Street Journal once mentioned about $500 trillion in derivatives trades alone in 2008—the most speculative of transactions. A one tenth of one percent tax would raise $500 billion dollars a year, assuming that level of trading.
Economist Dean Baker says a “modest financial transactions tax would be enough to “finance a 10% across-the-board reduction in the income tax on labor.

I would love to see a decrease in my income tax bill. I don't believe a 0.1% tax added to my purchases of stocks would hurt me, nor would it affect most people.

There are conditions, however, to my support for a tax of this nature. I would only favor this tax if there is a reduction in income tax. This condition would be next to impossible to be included, with the economy in being in its current state.

Condition #2 is that there be a waiver of financial transaction taxes in 401(k) and other retirement accounts. Taxing retirement accounts would be counterproductive.

I don't anticipate ever seeing a proposal such as this being discussed seriously in Congress or the Senate. The big financial institutions who would end up paying a large chunk of the increased revenue just wouldn't allow it to happen. It's all just wishful thinking.

Obama for Change

All About the Stimulus

I read a very interesting article on CNNMoney.com about the need for the economic stimulus and why other proposals, such as giving the money directly to taxpayers might not be the best idea.

A lot of the article made sense to me, and I don't feel quite as uptight about what is going on in Washington.

On the other hand, a lot of it sounded like it could be propaganda. If given enough time, you could write a persuasive article for just about anything.

For me, the real question is why would anyone actually interested in the long-term welfare of this country wish to add another $1,000,000,000,000 to our deficit to knock a few months off a recession that will correct itself within a couple years at most?

In the end, it boils down to my lack of trust in the government agenda. I feel that although something might need to be done, this "stimulus plan" is not based in an effort to revive the economy. If left alone, the economy will rebound on its own like it always has and always will. It might take two or three years of pain, but this pain is essential to creating a healthy economy in the future.

The "spendulus" might knock a couple months off the length of this recession. But is that really worth adding $1,000,000,000,000 to the national deficit? Worse yet, is it worth the guaranteed inflation that will haunt us on the other side of the recession?

Wasting Money

We learned in a Congressional Oversight Panel report, released Friday, that the initial $250 Billion in disbursements from the bailout was a smashing success for the banks. The report states that the initial disbursements amounted to overpayments to these companies in the amount of $78 billion. That's all equity (probably non-taxable) on the banks' books. They must be thrilled!!!

Financially ailing insurance giant American International Group, which the Treasury Department deemed to be too big to be allowed to fail, received $40 billion from the Treasury for assets valued at $14.8 billion, the oversight panel found.

This makes me want to establish my own bank and immediately begin requesting funds from the government. Do you think they'd fall for that one?

One of the following happened:

1) The government overpaid on purpose as a way of propping up the balance sheets of the banks. In other words, this was a massive government handout that the treasury knew would never be paid back, despite their insistence to the contrary;

or

2) The government didn't know that they were paying too much. I don't know if this is the scarier scenario or not. I do think this is the most likely case, as evidenced by this quote:

In December, in response to questions from the oversight panel, the department wrote that the value of preferred stock purchased by the government was "at or near par," meaning Treasury paid $1 for every $1 dollar of asset.
"The way the Treasury secretary described it does not fit with the numbers that were produced in our much more extensive valuation analysis," panel chairwoman Elizabeth Warren told reporters Friday. "The secretary of the Treasury described it in December that these were par transaction and that is not supported by the numbers."

The fact of the matter is, whether you agree with the stimulus or not, how can you trust the government to handle financial transactions of this magnitude based on their track record? Leaving aside the persistent threat of corruption, most politicians just don't have the education or experience to deal with financial matters of this sort.

Meanwhile, the Government continues to act just like a little kid, always pushing their limits to see how much they can get away with before we, the people, get angry enough to do something. Unfortunately, we apparently haven't gotten angry enough in a long long time.

This is just another reason why I am 100% opposed to any new stimulus plan being proposed.

Letter from Chairman Stan Lockhart

Below are excepts from a letter dated February 3, 2009 from Utah Republican Party Chairman Stan Lockhart. Very interesting read!!

Dear Fellow Republicans:

Last week I was in Washington DC and had a chance to hear a great deal regarding the federal "stimulus package". As crafted by Democrats, I can't see much evidence that it will deliver on its promise to jump start the economy. Much of the funding won't be spent immediately and many of the pork barrel projects won't create jobs. It is the same old tax and spend liberalism we thought Ronald Reagan vanquished long ago. This huge spending bill has reminded me of some famous quotes:

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."

"Great nations rise and fall. The people go from bondage to spiritual truth, to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency, from complacency to apathy, from apathy to dependence, from dependence back again to bondage."

We live in a world of instant gratification. Advertisements bombard us daily with slogans like "you deserve it now". No wonder some are blinded with promises of government doing most things for them. It's an enticing pitch. But dependence on government leads to bondage and it seems as if we are heading there with increasing speed. After all, it's the Democrat mantra.

Timeless, traditional values are needed now more than ever before. Simple, time honored financial counsel of getting out of debt, living within our means and making do with what we have are needed today. Government should live by these same values. Self-reliance should never be out of style. Can anyone truly believe that all this federal spending won't burden future generations? In its current form, this spending bill is mortgaging our posterity's future. There is a phrase that the bandage should fit the wound. In its current form, this Democrat bill is just more special interest pandering.

Economic Stimulus Q&A

This year, taxpayers will receive an Economic Stimulus Payment. This is a
very exciting new program that I will explain using the Q and A format:

Q. What is an Economic Stimulus Payment?
A. It is money that the federal government will send to taxpayers.

Q. Where will the government get this money?
A. From taxpayers.

Q. So the government is giving me back my own money?
A. Only a smidgen.

Q. What is the purpose of this payment?
A. The plan is that you will use the money to purchase a high-definition TV
set, thus stimulating the economy.

Q. But isn't that stimulating the economy of China?
A. Shut up.

Scolding Wall Street

After the New York comptroller's office reported on Thursday that bonuses in 2008 totaled $18.4 billion, Obama and Geithner lashed out against companies that continued to issue huge bonuses while receiving billions in funding from the Treasury's Troubled Asset Relief Program.

"That is the height of irresponsibility. It is shameful," Obama said Thursday.

Obama is right. The bonus payouts at this point in our economic cycle are shameful. Obama is talking the talk.

But what about walking the walk? Why not hold some of these companies accountable for their actions in the form of penalties and fees? As the nursery rhyme goes, words will never hurt them.

I believe in capitalism. I believe in a free market economy. But our free market is broken right now. The essential element we are missing is accountability. Until the companies in question are held accountable for their mistakes, their wrong-doings, and their bad decisions, no amount of stimulus or bailout will correct the state of our nation.

Change

I couldn't have said it any better!!

How will the stimulus package help?

The article What Are They Buying? by Thomas Sowell can be found on National Review.

Everyone is talking about how much money the government is spending, but very little attention is being paid to where they are spending it or what they are buying with it.
The government is putting money into banks, even when the banks don’t want it, in hopes that the banks will put it into circulation. But the latest statistics show that banks are lending even less money now than they were before the government dumped all that cash on them.
Even if it had worked, putting cash into banks, in hopes that they would put it into circulation, seems a rather roundabout way of doing things, especially when the staggering sums of money involved are being justified as an “emergency” measure.
Spending money for infrastructure is another time-consuming way of dealing with what is called an immediate crisis. Infrastructure takes forever to plan, debate, and go through all sorts of hearings and adjudications, before getting approval to build from all the regulatory agencies involved.
Out of $355 billion newly appropriated, the Congressional Budget Office estimates that only $26 billion will be spent this fiscal year and only $110 billion by the end of 2010.
Using long drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.
If you cut taxes tomorrow, people would have more money in their next paycheck, and it would probably be spent by the time they got that paycheck, through increased credit-card purchases beforehand.
If all this sound and fury in Washington was about getting an economic crisis behind us, tax cuts could do that a lot faster.
None of this is rocket science. And Washington politicians are not all crazy, even if it sometimes looks that way. Often, what they say makes no sense because what they claim to be doing is not what they are actually doing.
No matter how many times President Barack Obama tells us that these “extraordinary times” call for “swift action,” the kind of economic policies he is promoting take effect very slowly, no matter how quickly the legislation is rushed through Congress. It is the old Army game of hurry up and wait.
If the Beltway politicians aren’t really trying to solve this crisis as quickly as they could, what are they trying to do?
One important clue may be a recent statement by President Obama’s chief of staff, Rahm Emanuel, that “A crisis is a terrible thing to waste.”
This is the kind of cynical revelation that sometimes slips out, despite all the political pieties and spin. Crises have long been seen as great opportunities to expand the federal government’s power while the people are too scared to object and before any opposition can get organized.
That is why there is such haste to do things that will take effect slowly.
What are the Beltway politicians buying with all the hundreds of billions of dollars they are spending? They are buying what politicians are most interested in—power.
In the name of protecting the taxpayers’ investment, they are buying the power to tell General Motors how to make cars, banks how to bank, and, before it is all over with, all sorts of other people how to do the work they specialize in, and for which members of Congress have no competence, much less expertise.
This administration and Congress are now in a position to do what Franklin D. Roosevelt did during the Great Depression of the 1930s—use a crisis of the times to create new institutions that will last for generations.
To this day, we are still subsidizing millionaires in agriculture because farmers were having a tough time in the 1930s. We have the Federal National Mortgage Association (“Fannie Mae”) taking reckless chances in the housing market that have blown up in our faces today, because FDR decided to create a new federal housing agency in 1938.
Who knows what bright ideas this administration will turn into permanent institutions for our children and grandchildren to try to cope with?

I think the point that really needs to get across is that the politicians don't have an interest in solving the problem facing the country. They all know the economy would correct itself if left alone for a year or two. This feels more like a consolidation of power and a move towards a more socialist and centralized government than an actual attempt to rescue the economy.

Libertarian Party on Obama's Bailout

The following was a mass email I received from the Libertarian Party last month regarding Obama's proposed stimulus package. It's an interesting read.

Your Monday Message from the Libertarian Party:

Well, we didn't actually go to Harvard.

In doing some background research on Obama's plans for the biggest public works project since the 1950s, we talked to Harvard economist Dr. Jeffrey Miron about what this means for the economy. Here's what he said:

LP: Does it make much sense, in terms of stimulating the economy, for the government to invest in public works programs that, when built, produces nothing further?

Miron: Overall, no. The argument is that the beneficial effects of stimulus on overall activity are worthwhile, even if from a microeconomic consideration the projects to not make good cost/benefit sense. Thus, in the extreme form, the standard Keynesian position would say it makes sense to have the government hire people to dig ditches and fill them back up.
The theory that underlies this view is not stupid, but not compelling either.
At a minimum, any stimulus should be on things we would want even if they were not needed for a stimulus. I am personally not persuaded there are many things in that category given the levels of current spending.

LP: Is there a high chance of damage to the economy by implementing a public works program such as that proposed by Obama?

M: There is certainly the possibility of adverse effects. New programs tend to last and have bad effects on incentives and efficiency.

LP: What do you predict to happen should Obama's proposal be implemented?

M: I think the economy will recover in 6-12 months, with or without the stimulus.

LP: Is the best prescription for economic recovery keeping the government out of the economy?

M: In my view, yes.

Miron brings up a great point about the lasting effects of new government programs. In fact, it was program of the New Deal that was at the center of the latest economic troubles: Fannie Mae.

Additionally, the idea that government can, quite literally, dig itself out of this current economic trough is patently absurd. In doing so, the government often makes things much worse for the economy. You might say that the government pays to dig its own grave--or, at least one for the taxpayers.

There are several major problems with Obama's public works plan, aside form the fact that government is making a mistake by even trying to take a hands-on role in the market.

Cost/Benefit Ratio - It is not a guarantee that construction projects will continue to bring any economic benefit upon completion, and "building for the sake of building"--as is Obama's objective--is an invitation for wholesale government waste. This is like what Miron referred to as "government hir[ing] people to dig ditches and fill them back up." Public works projects that benefit the economy more than the cost of production may be pursued for this reason (at least by those that agree with government intervention, as clearly the Libertarian Party does not); however, no public works program should be undertaken for the sake of simply creating jobs. Some economists, like Economic historian Price Fishback, predict that "such public-works spending would crowd out a significant amount of private construction," on top of being a waste of taxpayer money.

Limited Scope - Public works programs benefit one specific industry, and even a smaller amount of those in that industry. Not every construction firm is able to handle the renovations of a bridge, or the construction of a new school. Most of those that would benefit from a large-scale public works program would be large and specialized firms. As such, a construction-based stimulus would have no demonstrative benefit outside of the construction industry. These types of plans "suffer from a common problem–they will end up generating employment for highly specialized businesses and workers, rather than stimulating economic activity more broadly," says economists Susan Woodward and Robert Hall. "Thus a program that funnels money to construction firms and their workers mainly raises their incomes and employment levels and has relatively little effect elsewhere."

Too Slow For Impact - One main element of any economic stimulus plan is rapid and immediate relief. Relief plans that take too long to implement often kick-in after they are needed. This is a major complaint with most stimulus packages that are proposed, and large-scale public works programs are one the best examples of this delay. Many of these projects will take too long to get from legislation, to planning, to approval, and finally to the actual construction phase in order to have their intended impact. What we will eventually have is massive construction spending during a time where an economic stimulus is not needed.

Magic Money - One of the oft cited objections with Bush's economic policies was his penchant for massive government spending without any plans to offset this spending with cuts in other areas. As a result, trillions have been added to an already exploding national debt. A huge problem with Obama's public works program is that it will add at least $700 billion (and most likely more, in the end) to our national debt, and Obama has stated no plans on how he hopes to address the deficit. Most Keynesians will overlook this fiscal imbalance, but when the spending appears to have no real economic benefit (should it fail the already-established cost/benefit test), then Keynesians must even wonder if there is a point to the spending.

Overall, the moral of the story is this: Obama's public works plans carry no attestable benefit, and much unknown risk. On top of this, there are several other better options for economic recovery...like keeping government out of the economy altogether, and letting it work itself out.
In this economic crisis, the best options for economic stimulus are ones of less government action--not more government action. If government wishes to do anything, we suggest it simply cut taxes. Tax cuts are always a good thing, and their economic impact much more proven.
This way, taxpayers benefit, the economy rebounds and government still gets that warm-fuzzy feeling inside like it did something good.

Live free,

Andrew Davis

Director of Communications
Libertarian Party

Obama Wins

From Politico: Obama to GOP: 'I Won'

“We expressed our concerns about some of the spending that’s being proposed in the House bill,” House Minority Leader John Boehner said after meeting with Obama.

“How can you spend hundreds of millions of dollars on contraceptives?” Boehner asked. “How does that stimulate the economy?”

It doesn't. This is a hint of what our new stimulus package is going to include: millions of dollars of worthless pet projects that will do nothing to turn the economy around. But that's the way politics operates. A nice spending package is put together, full of worthwhile projects. Then this is added, and that is added. The millions pile up. And suddenly contraceptives have become an important piece of the legislation.

How do these people get away with this? And how do they sleep at night? This is not how I want my tax money spent!!!

Pelosi suggested that the package, currently at $825 billion, could become even larger.

“It has grown,” Pelosi said, “and we’re still in the process.”

It's going to be funny to see what else these people can find to spend our money on.

But worst of all are the refundable tax credits that will be paid out to those who don't earn enough to pay taxes. In essence, the government will now be using my tax money to pay people for being poor!! How do I get in on that deal? Why would people want all these new jobs the government is creating if they are going to be paid by the government to sit around and do nothing?

If I Were President: The Bailout

I'll begin by saying I don't support a bailout of any kind. But the Democrats must spend, so I just want them to spend the right way.

The source of this entire financial fiasco was the mortgage meltdown. If you want to bring the economy out of recession, you have to start by fixing the mortgage problem. And you don't fix the mortgage problem by throwing money at the problem loans that are going to go into foreclosure no matter how much help they receive. You also don't fix the problem by giving money to the banks without helping the people the banks have lent to.

I propose we take a couple hundred billion out of this upcoming stimulus bill and use it to pay down the balances of mortgages that are current and held by responsible people who can afford to continue paying the mortgage. With $200 Billion, you could pay down 4 million mortgages by $50,000. The mortgage holders not only receive a huge infusion of cash from these paydowns, but the American people would also benefit tremendously. This could pay off quite a few mortgages completely, freeing up a monthly sum of money that will be infused into the economy. The paydown would also help a large number of people who are upside down on their mortgages. These people would now be able to refinance their mortgages at the lower principal amount, if they so desired, reducing their monthly payments, which would also free up cash to be infused into the economy. It's a complete win-win, not only for the mortgage holders, but for millions of people who need help.

I'm sick of the banks receiving billions of dollars without helping a single person with that money. How much better off would we be if the first bailout had gone to pay down mortgages instead of just sitting in the vaults of these huge corporations who love hoarding money?

Banks Teeter

Read this for a discussion of the state of the financial system.

"The size of the problem is growing faster than the banks' ability to handle it," said Joe Battipaglia, market strategist at Stifel Nicolaus. "We're halfway through the bailout money, and the banks are in worse shape than they were six months ago."

Investors expect Obama's team to consider a range of options, including pumping more money into banks and creating a government entity to buy up bad bank assets so they'll start lending again.

What makes us think that throwing another few hundred billion is going to make things any better? Why do we want these large banks to stay afloat? Wouldn't we be better off letting them die, and let the smaller banks with better management grow stronger?

And what makes us think that the government could run the banking system any better than the current boards and CEOs? Politicians generally did not go to school to learn about business. Politicians generally don't have a business background. I wouldn't trust my money in a bank that is owned and operated by our government.

The most troubled banks are "going to definitely go down" without more government help, said Jonathan Macey, a law professor at Yale University who wrote a book about a bailout of Sweden's banking system during the 1990s.

"And they may go down with it," he added. "The pace of these bank losses is outrunning the infusions by the government."

The banks have had their chance. If there has to be a bailout (and what would Democrats do if they weren't spending money), it's time to bail out the people and NOT the companies. How about using bailout funds to pay down the mortgages of those of us who have been responsible homeowners? Paying down our mortgages would not only be beneficial to us as homeowners, but that money would be a huge cash infusion to the banks and holders of out mortgages anyway. It's a win-win. Why can't those in charge figure this out? Because they don't want to? Because they have another agenda?

If I Were President: The Economy

I believe in the constitutional provision for separation of church and state. I wish there were an additional separation of economy and state.

If I were president, I would do all I could to get government out of private business as much as possible.

I believe in less regulation.
I believe in lower taxes.
I believe in free trade, not only within the country, but also internationally as well.

What about all the problems with the current economy? I know it hurts, but it's part of the ebb and flow of a free market. For too long, we the people have been living beyond our means, and it's time that we face the consequences. The biggest problem I have with the current environment of bailing out every failing industry is that these industries created the problems themselves. We need to bring back accountability to the free market. They should have to face the consequences, up to and including failure and demise. The lesson they should learn is to be better prepared for swings in the economy. The lesson they ARE learning is that it's okay to play the risk game knowing that the government will bail you for your bad decisions.

What about job losses created by the failure of businesses? It's unfortunate that people who work for these companies lose their jobs, when they generally are innocent bystanders. There is little they can do to avoid this mess. But I firmly believe that new jobs will always be created by stronger, better managed companies. There are jobs for everyone if they are willing to do whatever it takes to land a job, even though it might mean working for less pay or in a new industry or profession.

The best thing for the economy right now is to lower taxes. This would mean more money in the pockets of those who are willing and able to spend it. Lower taxes would lead to the creation of new jobs. The other side of the equation would be a massive reduction in government spending. I am a proponent of getting the federal budget balanced. This is becoming harder and harder with each new bailout. Under my direction, the government spending would be slashed tremendously. No more earmarks. No more pet projects. No fluff. We'd get our debt back under control.

There will always be down times in a free economy. We just need to learn to prepare for these down times. It's a tough lesson to learn, but we the people can accomplish anything.

Obama is the Anti-Christ?

My good friend Verle, who is little bit of a Bible nut, sent the text below to me, with comments in (parenthesis). My own comments are in [brackets]. While Obama may yet prove to be evil, I just don't see this chapter in John as applying to him. Still, it's interesting to think about.

THE REVELATION OF ST JOHN THE DIVINE CHAPTER 13

John sees fierce-looking beasts which represent degenerate earthly kingdoms controlled by Satan-The devil works miracles and deceives men.

1 I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.

(Obama was Born in Hawaii)
[Obama doesn't have seven heads or ten horns. What is the name of blasphemy?]

2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.

(Presidency?)
[That would make we the people of the US of A the dragon. I don't think so. I'm still more apt to believe the beast is a reference to the UN or the European Union or some similar agency...even OPEC would make more sense to me.]

3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.

(Possible assassination attempt?)

4 And they worshipped the dragon which gave power unto the beast: and they worshipped the beast, saying, Who is like unto the beast? who is able to make war with him?

(the sickening display of the "Obama Worshippers" who say he is the great gift to the country)
[I haven't heard any rhetoric that would lead me to believe Obama's foreign policy will be strong enough to prevent anyone from making war against us...in fact, quite the opposite.]

5 And there was given unto him a mouth speaking great things and blasphemies; and power was given unto him to continue forty and two months.

(Very influential speaker - Obama?)
[One of those 3 1/2 year periods that John was so fond of writing about]

6 And he opened his mouth in blasphemy against God, to blaspheme his name, and his tabernacle, and them that dwell in heaven.

7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.

(the sickening display of the "Obama Worshippers" who say he is the great gift to the country)
[Just doesn't make sense to me]

8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.

9 If any man have an ear, let him hear.

10 He that leadeth into captivity shall go into captivity: he that killeth with the sword must be killed with the sword. Here is the patience and the faith of the saints.

11 And I beheld another beast coming up out of the earth; and he had two horns like a lamb, and he spake as a dragon.

12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.

(Military Rule)
[Who would this second beast be? I'm not saying this is what I believe, but it makes more sense that the second beast would be Obama. But probably another consortium of countries of some sort]

13 And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men,

(Nuclear WAR?)
[I've always wondered if that's the way the Middle East would end up going]

14 And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.

15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.

16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

(Need for food Storage)
[or gold/other commodities usable for barter]

18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

[What would this have to do with Obama?]

A Question of Leadership

Can someone be a great leader if the direction he leads us is wrong?

I did not vote for Obama, nor do I agree with many of his positions. But I get a sense that people are getting behind him more so than in the recent past. I also get the feeling that at least for a little while, there will be great momentum towards getting a lot accomplished.

I've always been impressed by Obama's charisma. I've been impressed with his ability to garner support against great odds. He exudes confidence, and that confidence and hope seems to be contagious. These are traits of a great leader.

But is he really a great leader if the decisions he makes, while giving people hope in the short-run prove to be detrimental over the course of time? That's my greatest fear for his presidency.

People may be so blinded by this new hope that they overlook what Obama is actually accomplishing in office.

Where Did the Republican Party Go?

An interesting blog post on Daily KOs discussed the downfall of the Republican Party.

My own take on the state of the Republican Party is similar. From an ideological standpoint, the GOP has progressed to the point where the Democratic party was about 20 years ago. Instead of small government, the Republicans are grown the size of the government. Instead of decreased government spending, the administration has spent more than any other presidency. Instead of free-market economy, the government has provided the largest ever bailout to Wall Street. These are all qualities that I would normally associate with the Democrats.

This is what I faced when I went to the polls. I could either vote for Obama, a liberal Democrat, or I could vote for McCain, a "conservative Democrat". That to me is not a choice I want to make, and in fact I voted for neither, instead voting for a third-party candidate.

If the Republican party ever wants my support, they need to find themselves again. They need to get back to basics. They need to remember who they are supposed to be and what they are supposed to represent. Until then, I will hope for the rise of a new political party that better represents my beliefs, ideas, and values.