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Archive for August, 2012

I checked in to the election coverage of the day and saw this headline, “OBAMA: ‘A New America In Which Prosperity Is Shared'”

I was skeptical, but tried to remain objective. I clicked for the quote. Here it is:


“Do we go forward towards a new vision of an America in which prosperity is shared?” Obama asked. “Or do we go backward to the same policies that got us in the mess in the first place?”

Seriously? Who is writing this guy’s speeches?

Anyone who has passed second grade arithmetic and learned about borrowing in subtraction problems is going to recognize that the “sharing exemplar” taught back in one’s pre-K classes is an outmoded paradigm. Sharing cookies never created more cookies, just more crumbs; and every time something is borrowed from the tens column to make the ones bigger, the tens lose a major chunk of their value.

As I recollect, Old King George thought that the colonists ought to “share the wealth” too. They did not like it very much. That was fifth grade social studies.

I suppose a true cynic would say that before one can share prosperity, one must first have prosperity. I don’t think I learned that in school at all. I think I probably overheard that attitude from some late-night comic.

It is rather curious that Obama would bring up “the same policies that got us in the mess,” as if he’d been doing absolutely nothing the past three-and a half years.

Not to Worry, Mr. Obama. I know you have been doing stuff. The headline right before that one said, “Treasury: U.S. to lose $25 billion on auto bailout.” David Shephardson of the Detroit News explains, “The Treasury Department says in a new report the government expects to lose more than $25 billion on the $85 billion auto bailout. That’s 15 percent higher than its previous forecast.” The loss was calculated two months ago when GM stock sold for $22.20 a share. It has since dropped to $20.47, making the loss to taxpayers even greater. Okay, perhaps the economics of the stock market was not studied until high school, but I think most people can understand that the President has been working hard to save a vital industry that has been held in the thrall of labor unions that contribute to his campaign.

Of course, you really do not need a formal education to select a President. You can always fall back on getting your information from TMZ instead.

Other credits
The headline video The Prosperity Shared Video
The auto bailout article
The Detroit News article

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