Archive for the ‘Bailout’ Category

The ObamaCar – Another Ideological Failure

December 6, 2014

Michelle Malkin informs us that Obama’s predicted 1 million electric cars on the road by 2015 will fall about 826,00 cars short of the target. Obama’s pie-in-the-sky green agenda dumped lots of stimulus money into electric cars (or, as they should be labeled, ObamaCars) and the “consensus” is that it has been an economic failure – one of many.

Much of the current failure of electric cars to catch on is due to cost and the difficulty of producing efficient batteries. The Obama administration dumped $2 billion stimulus dollars into new battery companies in the “hope” they would produce a breakthrough to help fill the roads with his electric cars. That, too, failed.

Fisker Automotive, which received a $500 million stimulus loan to produce electric cars (in Finland, not in the USA), went bankrupt last year, adding to the long list of stimulus failures. After bailing out GM, Obama praised the Chevy Volt like a new car dealer, making a campaign promise to buy one after leaving office. His campaign promises, however, have flopped as badly as sales of the Chevy Volt, so don’t hold your breath.

Electric cars aren’t a bad idea and they do work, but they are not far enough along in their development to be our main mode of transportation. Progressives, who “know” what’s best for everyone, are pushing (forcing?) these cars on us for our own good. They don’t care about cost, efficiency, practicality, or anything else that doesn’t fit their beliefs.

Obama’s entire green agenda has been based on what “should” be and not what “is” and cost means nothing because it’s only government money. If the dream fails, it’s no big deal. He’ll be out of office soon enough and cruising down the highway in his brand new Chevy Volt – given to him, free, by GM. At least he won’t have to drive a Fisker.

Another daydream; another dollar…make that a trillion dollars – and counting.

David J. Hentosh

Arrogant Overreach

November 13, 2014

Fingers are being pointed and excuses are being drummed up as Democrats scramble to find reasons for the beat-down they received in the mid-term elections. If they would step outside their agenda for a moment they would see the one basic reason: arrogant overreach.

Arrogance is a far-left characteristic that Obama brought to the White House and it infected his administration and the entire Democrat Party. It fueled the false beliefs that Obama had a “mandate” to transform America and that his far-left social engineering agenda was acceptable to the majority.

Because of these false “beliefs”, Obama was given free reign from Democrats and the media to do whatever he wished. This allowed Obamacare to get hastily passed into law by a Democrat Congress ignorant of its contents and willfully blind to the deceit used to sell it.

The quick and successful passage of Obamacare convinced Democrats they had a righteous infallibility and when combined with arrogance, it compelled them to overreach on almost every issue. Critics were demeaned, silenced, and ignored as free birth control, abortions, open borders, amnesty, higher taxes, troop pullout, drones, part-time jobs, bailouts, increased food stamps, school lunch programs, and much more was dumped onto society.

Obama and Democrats arrogantly forced too much too quickly. It was political overreach. Failure of many of Obama’s foreign policies can also be attributed to overreach. The world doesn’t accept change any quicker than society does, especially without investigating the consequences.

This mid-term election was proof of the adage that “pride comes before the fall”. One can debate whether pride or arrogance comes first, but they are almost always found together. One can also debate Jonathan Gruber’s claim of taking advantage of the “stupidity of the American voter” but it is a known fact that taking voter stupidity for granted can be perilous. Just ask any Democrat.

David J. Hentosh

Obama is Going Down in Flames

June 5, 2014

Releasing five hardcore terrorists from GITMO in exchange for an anti-American deserter was a flagrant display of cluelessness and an arrogant (possibly illegal) snub of Congress. It was done with the air of an emperor having his way and caring little of what peons think. Worse than that, it was dangerous since those terrorists are almost certain to return to killing.

Susan Rice praising Bowe Bergdahl as having “served the United States with honor and distinction” was a further display of how out-of-touch this administration really is. Rice should have been hidden away after delivering the Benghazi video narrative that destroyed her credibility and embarrassed the White House. Instead, she was brought out to deliver another false statement as if we are too stupid to notice.

This comes on the heels of the VA scandal that has some Democrats finally peeking out from behind idealistic blinders at the reality of the Obama administration. It has seriously disturbed many Democrat campaign balancing acts of trying to separate oneself from Obama while pretending Obamacare (ACA) is a success.

Obama’s failed foreign policies have severely reduced America’s standing in the world. His failed economic policies have produced an astronomical debt, wasted an enormous amount of money, and solidified unemployment to the point of eradicating the American Dream. His failed campaign promises have destroyed his credibility and increased distrust of government.

The bubble has burst and Obama is going down in flames. Polls show a continuous decline in public approval as scandal after scandal pop up like a whac-a-mole arcade game. He cannot click his heels and return to a sycophantic Congress backing everything he does, but it seems he no longer cares and has resigned himself to do whatever he wishes for the duration of his term.

Unfortunately, that duration is long enough for his runaway administration to do much more damage. His going down in flames has set fire to the entire country. The coming November elections could distinguish many of those fires and stop us from becoming a pile of ashes. Vote wisely.

David J. Hentosh

How Wrong Can One Be?

March 5, 2014

Obama has turned out to be wrong most of the time but that is rarely acknowledged by true believers. For the idealistic, he “has to” be right, therefore, failure cannot occur, but it does and it has – consistently.

The Affordable Care Act (Obamacare) is turning out to be a catastrophe. Almost everything promised is turning out to be wrong while all the predictions heard from Senator Mike Enzi (and others) that were mocked are turning out to be right. Experts were ignored in favor of Obama’s “superior intelligence” and now provisions of the law are being delayed by Obama solely to keep the stink away from campaigning Democrats.

The Stimulus failed to revive the economy but believers claim it a success by saying our economy would be much worse if it was never put in place. Conveniently, that can never be proved, but it allows followers to deny failure and pretend they are right.

Global warming, rhetorically changed to “climate change” to ease embarrassment, fuels Obama’s continuing green policies even though predictions continue to prove wrong. Resent research conducted by the Environmental Policy Alliance shows that buildings receiving green energy certification use more energy than non-green buildings, but Obama’s “green” agenda continues to waste taxpayer money for idealistic purposes.

Russia’s invasion of the Ukraine is a direct result of Obama’s failed foreign policies. His inexperience and lack of decisiveness with Syria broadcast his weakness to the world. Putin has no fear of Obama and is taking full advantage just as Iran played him for a fool and is now on the verge of having a nuclear weapon. Allies (e.g. Israel) have been insulted while enemies have been appeased and USA world leadership and respect is at an all-time low.

Obama was also wrong about: Ushering in a “post racial” and “open door” administration; closing Gitmo; creating shovel ready jobs; Obamacare not being a tax; insurance rates going down; keeping one’s health plan; comprehensive immigration reform in his first term; Benghazi attack caused by video; Al Qaeda being decimated; unemployment reduction; and so much more.

How wrong can one be? For the sake of the country we can only hope we don’t find out.

David J. Hentosh

Buying Votes

December 5, 2012

It is supposed to be unthinkable to suggest that Obama bought votes by promising “free” stuff. Any Republican mentioning such a thing has been vilified by the media. Also, the race card has been played by liberals at any suggestion that Obama received a preponderance of black votes based on his eagerness to provide government entitlements. How, then, does one explain Detroit’s City Council member JoAnn Watson?

The city of Detroit is facing its own financial cliff and in desperate need of a solution. Council member Watson unabashedly demanded that Obama provide a bailout as payback for voting for him. “Our people in an overwhelming way supported the re-election of this president and there ought to be a quid pro quo and you ought to exercise leadership on that,” said Watson.

It seems that for Watson, “exercising leadership” is synonymous with acquiring “free” government money – as a quid pro quo (a favor for a favor). The façade of voting for the best candidate to run the country has been stripped away by Watson’s personal display of “leadership”. Obama’s bribe for votes must now be paid – or what? Will Watson demand a re-call?

The White House, so far, seems to have no intention of bailing out Detroit. Watson must have missed the nuance in Obama’s remark to Russian president Dmitry Medvedev about having more flexibility after the election. That flexibility allows Obama to do whatever he wishes, or not do as the case may be, and paying bribes or keeping promises is optional.

In any event, the honesty from Councilwoman Watson is somewhat refreshing, at least until the full reality behind the remark sinks in.

David J. Hentosh

Obama’s GM “Success” is Failing

September 11, 2012

President Obama told us in his convention acceptance speech that “…we reinvented a dying auto industry that’s back on the top of the world”. Along with many other nebulous claims meant to give the impression of success, this one stretches the facts and insults reality.

According to Forbes’ list of top car makers in 2012, the American car manufacturer, Ford, comes in fourth and Obama’s pet project, GM, sits in seventh place. This is not quite “on the top of the world” and the fact that Ford, which refused government bailout money, beat out GM makes the claim of “reinventing” the auto industry preposterous.

Obama should be embarrassed by GM’s falling stock, down 40% since emerging from bankruptcy, in no small part fueled by financial losses from the Chevy Volt, the “green” car championed by Obama. The government provides a $7500 tax break for buyers of the Volt in an effort to make Obama’s dream car successful. Failing to bolster sales with the tax break, the Department of Defense began purchasing them in its “greening” of the Pentagon effort. (Volt retail cost is $40K.)

One could consider this a continuing bailout of GM. The government is still down approximately $25 billion from the initial $80 billion bailout and the 500 million shares of down-sliding GM stock the government owns (taxpayers own) are far below the value needed to repay the bailout money. Some financial analysts are even predicting that GM is heading back into bankruptcy.

Obama’s bold claim of success with this fiasco and his “green” investments (such as Solyndra) indicates just how little he has accomplished. If this is the best he can boast about, a second term in office makes no sense. Voters need to take a serious look behind the curtain of accolades constructed by believers in the “One”. The “hope” is gone and “change” hasn’t been for the better.

David J. Hentosh