Nathan R. Jessup

Posts Tagged ‘economy’

Marco Rubio Kicks A*s At CPAC!

In Congress, freedom, Integrity, living free, Obama, Scott Brown, US Senate, World News on February 18, 2010 at 2:10 pm

(video provided by Gateway Pundit via The Right Scoop)

Rubio, the 38 year-old son of Cuban immigrants rocked the house today in front of thousands.  Marco Rubio’s straight talk and bold patriotism electrified audience members as they listened to his plan for the future.  First, Thaddeus McCotter, then Scott Brown, and now Marco Rubio? See a trend?  Make no mistake, these are citizens stepping up to be politicians rather than children raised to be politicians. Americans have had enough of career politicians, unlimited expense accounts and high-brow cocktail parties, they want results.

Rubio explains (via Washington Post) how the Obama administration has furthered their cause through opportunity: “They are using this downturn as cover, not to fix America but to try and change America, to fundamentally redefine the role of government in our lives and the role of America in the world,” Rubio said. “The good news is it didn’t take long for the American people to figure this out.”

UPDATE: The Washington Post covers the speech

UPDATE: Read the dailykos.com comments and story for a good laugh

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You Are Nuts If You Think Obama’s Stimulus Plan Isn’t Working-It Is!

In Uncategorized on February 18, 2010 at 1:05 pm

The DailyKos.com reports: This new video from Organizing for America and the DNC shows in graphic terms how the stimulus bill stopped the job losses of the Bush Recession and helped put our economy back on the road to recovery:

According to a New York Times/CBS poll, here is what Americans think about the stimulus:

The video is reminiscent of the Obama campaign’s use of online video in the 2008 campaign, and it’s the kind of thing OFA and the DNC ought to continue using to help bolster the administration.

It’s also a reminder that policy and politics go hand-in-hand: if the stimulus bill had been weaker, this sort of message would not have been possible, because the economy would still be collapsing. On the other hand, if the stimulus plan had been bolder, instead of saying that the Bush job losses had been stopped, this video could be talking about the Obama expansion.

Bottom-line: these kind of communications tools are important. But the most important thing is getting the right policy. As the White House has no doubt learned with health care reform, the better the policy, the easier it is to communicate.

It sure is a good thing there are groups like the OFA to convince explain to the people how well the progressive movement is going. Who knows, maybe Toyota will come out with a video of their own illustrating how well the brakes work on their recalls.  Propaganda only works if people believe it; kudos for the attempt however.

You Are Nuts If You Think Obama's Stimulus Plan Isn't Working-It Is!

In Uncategorized on February 18, 2010 at 1:05 pm

The DailyKos.com reports: This new video from Organizing for America and the DNC shows in graphic terms how the stimulus bill stopped the job losses of the Bush Recession and helped put our economy back on the road to recovery:

According to a New York Times/CBS poll, here is what Americans think about the stimulus:

The video is reminiscent of the Obama campaign’s use of online video in the 2008 campaign, and it’s the kind of thing OFA and the DNC ought to continue using to help bolster the administration.

It’s also a reminder that policy and politics go hand-in-hand: if the stimulus bill had been weaker, this sort of message would not have been possible, because the economy would still be collapsing. On the other hand, if the stimulus plan had been bolder, instead of saying that the Bush job losses had been stopped, this video could be talking about the Obama expansion.

Bottom-line: these kind of communications tools are important. But the most important thing is getting the right policy. As the White House has no doubt learned with health care reform, the better the policy, the easier it is to communicate.

It sure is a good thing there are groups like the OFA to convince explain to the people how well the progressive movement is going. Who knows, maybe Toyota will come out with a video of their own illustrating how well the brakes work on their recalls.  Propaganda only works if people believe it; kudos for the attempt however.

You Are Nuts If You Think Obama's Stimulus Plan Isn't Working-It Is!

In Uncategorized on February 18, 2010 at 1:05 pm

The DailyKos.com reports: This new video from Organizing for America and the DNC shows in graphic terms how the stimulus bill stopped the job losses of the Bush Recession and helped put our economy back on the road to recovery:

According to a New York Times/CBS poll, here is what Americans think about the stimulus:

The video is reminiscent of the Obama campaign’s use of online video in the 2008 campaign, and it’s the kind of thing OFA and the DNC ought to continue using to help bolster the administration.

It’s also a reminder that policy and politics go hand-in-hand: if the stimulus bill had been weaker, this sort of message would not have been possible, because the economy would still be collapsing. On the other hand, if the stimulus plan had been bolder, instead of saying that the Bush job losses had been stopped, this video could be talking about the Obama expansion.

Bottom-line: these kind of communications tools are important. But the most important thing is getting the right policy. As the White House has no doubt learned with health care reform, the better the policy, the easier it is to communicate.

It sure is a good thing there are groups like the OFA to convince explain to the people how well the progressive movement is going. Who knows, maybe Toyota will come out with a video of their own illustrating how well the brakes work on their recalls.  Propaganda only works if people believe it; kudos for the attempt however.

Obama: ‘Take Our Time’ On Finalizing Health Care

In Congress, Corruption, Government Lies, Health Care, Integrity, morality, Obama, Socialism, Uncategorized, US Senate, World News on February 6, 2010 at 3:32 am

Much like the stimulus plan, health care must pass now or there is a good chance the world will come to an end. Do you buy it? Does anybody buy it? We’ve all heard the story of the little boy who cried wolf: a little boys cries out ‘wolf’ several times (when there is no wolf) until finally, the wolf appears and the kid gets eaten-or something like that.

(Associate press) via BigGovernment.com reports: WASHINGTON (AP) – President Barack Obama says “we should take our time” getting to a final health care bill.

He said Thursday he wants to go through the legislation in detail with Republicans to examine their ideas and Democratic ideas to see whether there are better ways to improve the nation’s health care system than have already been proposed.

Obama said that letting some time pass before calling for a vote also will allow “everybody to get the real facts.”

The president spoke to donors and supporters of his political organization, Organizing for America, one of a handful of fundraisers he was headlining Thursday for Democrats.

Obama said it is most urgent to focus now on a jobs package, but that health care must be addressed afterward.

Read the rest of this entry »

Obama: 'Take Our Time' On Finalizing Health Care

In Congress, Corruption, Government Lies, Health Care, Integrity, morality, Obama, Socialism, Uncategorized, US Senate, World News on February 6, 2010 at 3:32 am

Much like the stimulus plan, health care must pass now or there is a good chance the world will come to an end. Do you buy it? Does anybody buy it? We’ve all heard the story of the little boy who cried wolf: a little boys cries out ‘wolf’ several times (when there is no wolf) until finally, the wolf appears and the kid gets eaten-or something like that.

(Associate press) via BigGovernment.com reports: WASHINGTON (AP) – President Barack Obama says “we should take our time” getting to a final health care bill.

He said Thursday he wants to go through the legislation in detail with Republicans to examine their ideas and Democratic ideas to see whether there are better ways to improve the nation’s health care system than have already been proposed.

Obama said that letting some time pass before calling for a vote also will allow “everybody to get the real facts.”

The president spoke to donors and supporters of his political organization, Organizing for America, one of a handful of fundraisers he was headlining Thursday for Democrats.

Obama said it is most urgent to focus now on a jobs package, but that health care must be addressed afterward.

Read the rest of this entry »

Obama: 'Take Our Time' On Finalizing Health Care

In Congress, Corruption, Government Lies, Health Care, Integrity, morality, Obama, Socialism, Uncategorized, US Senate, World News on February 6, 2010 at 3:32 am

Much like the stimulus plan, health care must pass now or there is a good chance the world will come to an end. Do you buy it? Does anybody buy it? We’ve all heard the story of the little boy who cried wolf: a little boys cries out ‘wolf’ several times (when there is no wolf) until finally, the wolf appears and the kid gets eaten-or something like that.

(Associate press) via BigGovernment.com reports: WASHINGTON (AP) – President Barack Obama says “we should take our time” getting to a final health care bill.

He said Thursday he wants to go through the legislation in detail with Republicans to examine their ideas and Democratic ideas to see whether there are better ways to improve the nation’s health care system than have already been proposed.

Obama said that letting some time pass before calling for a vote also will allow “everybody to get the real facts.”

The president spoke to donors and supporters of his political organization, Organizing for America, one of a handful of fundraisers he was headlining Thursday for Democrats.

Obama said it is most urgent to focus now on a jobs package, but that health care must be addressed afterward.

Read the rest of this entry »

TARP Alternative By Lt. Daniel Kaffee (Guest Author)

In Congress, Finance, Government Lies, living free, Obama, Socialism, US Senate, World News on February 3, 2010 at 3:27 pm

A refreshingly unique perspective by Lt. Daniel Kaffee. Daniel Kaffee, a life-long friend,  has an extensive background in finance and will be guest-authoring at the Raw Deal from time to time. I am honored to share his practical insights with you, my loyal reader.

Key Facts & Assumptions

◆ The TARP has been an unabashed disaster, and must be subject to a redirection and reallocation of resources in order to more effectively stabilize our economy in the long run, not just a focus on ‘tomorrow’.

◆ The high level solution is decentralization of the financial system, like the tech industry, which will lower systemic risk, foster competition and yield better ideas, services and companies. In order to alleviate the current financial market problems, it is important to understand and address the root causes – not just the symptoms and peripheral issues. Topics such as executive pay, bonus schemes, mortgage application fraud, regulatory fraud, credit derivatives and investment mis-selling all need addressing in time, however the primary concern for now must be to stabilize the global financial system and have it reopen for business.

◆ TARP does not insure that those banks and brokers that receive bailout aid will increase lending. There has been no discernible nor measurable uptick in consumer or B2B lending since the advent of the TARP program. The reality is the market is hoarding liquidity and these banks are doing the same. More importantly consumer lending has been a small, often insignificant part of their business. They made money by trading and through securitization of debt. We are talking about a seismic shift in the business model of multi-national institutions, and this will not happen over night. Banks must be viewed on the same plane as utility companies – not mega-centers for corporate profit. They have generally become massive trading houses and hedge funds with a small consumer-deposits component allowing them ready access to a cheap source of capital.

◆ The Wall Street model of securitization and extreme leverage is obsolete. Big banks and brokers made most of their earnings over the past several years in trading, not consumer lending. And now their derivatives are THE problem. Derivative devaluation does not directly affect the general public except for reducing the bank’s capital position to the point that they’re unable to lend. We must segregate the derivative write-downs from the portion of the bank subject to regulatory capital requirements.

◆ There is a fundamental lack of liquidity in financial markets as too many assets (bonds) are looking for long term homes. There is no single solution to this problem however a number of different processes can aid in freeing up markets. A central mandate of any government action must be to encourage private sector price discovery, without the crutch of a Federal Reserve or Treasury backstop or guarantee. There is a price at which buyers and sellers will conduct business. We must expedite the discovery of that price, not hinder it.

◆ Many home owners paid too much for their houses. Time, inflation and economic growth will eventually solve this problem as long as markets are stabilized and we prevent massive forced foreclosures and liquidations. Efforts to ‘prop up’ home prices are misguided, and we must return to historical levels of wage-to-price ratios, and price-to-rent ratios. Robert Schiller has published ample material about where housing prices should be and will likely stabilize – the question is simply how much money will we burn trying to prevent the inevitable from occurring?

Read the rest of this entry »

"Trust Me, It's For Your Own Good"

In Corruption, freedom, global warming, Government Lies, Health Care, Uncategorized on December 7, 2009 at 7:48 pm

Have you ever been unable to sleep and found yourself watching one of those late night horror flicks where a unknowing tourists has a few drinks and wakes up in a bathtub full of ice with a kidney missing? If you haven’t, give it a try sometime, it may have you think twice about the well dressed local offering to buy you a drink. Oddly, I get the same feeling when I see polished-ticians telling me I should give my support in spending billions to save the economy, health care, climate change, or education; else they will collapse overnight. Allow me to illustrate; If I sell security systems, my best bet for sales is in convincing everyone they are getting burglarized tonight if they don’t get my system.  Some call it ‘fear mongering’ some call it simply, ‘sales tactics’ either way, the result is the same; people are afraid and scurrying to find a solution. ‘Any port in the storm’ comes to mind. For most of you, sales tactics manipulate your thinking everyday and you don’t have a clue it’s happening. With a lifetime of experience in sales, I can confidently point out that our government is using a sales and marketing playbook to decrease your likelihood of thinking freely. Read the rest of this entry »

"Trust Me, It's For Your Own Good"

In Corruption, freedom, global warming, Government Lies, Health Care, Uncategorized on December 7, 2009 at 7:48 pm

Have you ever been unable to sleep and found yourself watching one of those late night horror flicks where a unknowing tourists has a few drinks and wakes up in a bathtub full of ice with a kidney missing? If you haven’t, give it a try sometime, it may have you think twice about the well dressed local offering to buy you a drink. Oddly, I get the same feeling when I see polished-ticians telling me I should give my support in spending billions to save the economy, health care, climate change, or education; else they will collapse overnight. Allow me to illustrate; If I sell security systems, my best bet for sales is in convincing everyone they are getting burglarized tonight if they don’t get my system.  Some call it ‘fear mongering’ some call it simply, ‘sales tactics’ either way, the result is the same; people are afraid and scurrying to find a solution. ‘Any port in the storm’ comes to mind. For most of you, sales tactics manipulate your thinking everyday and you don’t have a clue it’s happening. With a lifetime of experience in sales, I can confidently point out that our government is using a sales and marketing playbook to decrease your likelihood of thinking freely. Read the rest of this entry »