Posted by
peripheral on Thursday, April 02, 2009 7:04:10 AM
From My Perspective - - -
Implausible
means: “not wearing the appearance of truth or credibility, and not
likely to be believed.” The Synonyms are: unlikely, improbable,
unbelievable…That seems to be where we are in terms of our nation and
world today. “Change” is occurring rapidly – so rapidly as to leave
one, in the lyric of an old romantic song – “Bewitched, Bothered, and
Bewildered am I…” The changes occurring with financial institutions and
corporations in the United States as the government exercises greater
involvement are an ongoing event. We see escalating financial infusion
because of a strange notion that “failure is not an option.” Our
inaction permits the implausible to gain momentum and make progress.
Question:
Should we have been caught by surprise by the actions and innovations
of the present administration in terms of government involvement in
banks and businesses in our nation? First, in terms of Budgets and
Deficits, Government speak uses “investment” as their word for
“spending”. What is the bottom line and misrepresentation of their
rationale for “investment”? In a current Forbes Magazine article –
GOVERNMENT GONE WILD: “In February, the government said that its $787
billion stimulus bill would create 3.5 million new jobs. This was at
the very highest end of the Congressional Budget Office's (CBO)
estimate of 1.2 to 3.6 million new jobs…In a leaked memo from Gordon
Brown, the British prime minister. He proposed a $2 trillion European
stimulus plan that was supposedly going to create 19 million jobs. In
other words, Europe can create a new job with just $105,000 of
government spending per job, while the U.S. needs $219,000. The new
massive government spending plans are especially frightening with the
U.S. now facing $1 trillion deficits. President Obama says that this is
all OK, and that he is cutting the deficit in half (to $533 billion
using administration math, or $672 billion according to the CBO) in
just four years. What he doesn't say, and what no one seems willing to
say, is that without his new budget the deficit would have been cut by
75% in four years to about $250 billion. The budget deficit and the
size of the government are exploding and no one seems to care.”
Secondly, in regard to the Automotive Industry, What is the goal and ambition of the President? In his 2006 autobiography, THE AUDACITY OF HOPE,
his vision for the auto industry was: “The bottom line is that
fuel-efficient cars and alternative fuels like E85, a fuel formulated
with 85 percent ethanol, represent the future of the auto industry. It
is a future American car companies can attain if we start making some
tough choices now. For years U.S. automakers and the UAW have resisted
higher fuel-efficiency standards because retooling costs money, and
Detroit is already struggling under huge retiree health-care costs and
stiff competition. So during my first year in the Senate I proposed
legislation I called "Health Care for Hybrids. The bill makes a deal
with U.S. automakers: In exchange for federal financial assistance in
meeting the health-care costs of retired autoworkers, the Big Three
would reinvest these savings into developing more fuel-efficient
vehicles…” If someone disagrees with the Presidential agenda, what can
such a one expect? “Don't think we're not keeping score, brother.”
That's what President Barack Obama said to Representative Peter DeFazio
in a closed-door meeting of the House Democratic Caucus last week,
according to the Associated Press. A few weeks ago, Mr. DeFazio voted
against the administration's stimulus bill. The comment from Mr. Obama
was a presidential rebuke and part of a new, hard-nosed push by the
White House to pressure Congress to adopt the president's budget….
Consider
these things with me - - - Should spending and indebtedness be the
model followed by the nation and/or individuals? Your answer should be
“No!” A basic concept is given in: Proverbs 22:7 – “The rich rule over
the poor, and the borrower is servant to the lender.” And, Romans 13:8
– “Owe no one anything except to love one another…” Winston Churchill
once said: “The price of greatness is responsibility.” If the
“implausible” is allowed to become the plausible, irresponsibility will
become the modus operandi and failure will soon follow. The implausible
is gaining momentum! Action delayed comes with a very high price-tag –
maybe the next generation being indentured because “we” allowed the
implausible to occur.