Skip to comments.Wayne Root Says Obama Presidency Will Be a Disaster
Posted on 11/25/2008 4:03:08 PM PST by lewisglad
Posted by Wayne Allyn Root at Root For America
Were handing our country over to a man with no experience. No experience as a businessman, or as a government official. All because we dislike George W. Bush. America wanted ABB (Anything But Bush).
Well congratulations! Weve now elected a man to govern America whose entire experience governing is having served less than 4 years in the US Senate. During which time he never put his name on one bill of any significance. He never even held a meeting for the committee that he chaired!
He arrived in Washington as a celebrity and then, spent 4 years running for President. Worse yet, he now takes over the White House during the worst economic crisis of our lifetime.
People across America naively say they hope Obama will solve this economic crisis. Those who voted for him not only hope so, but believe it so.
I have a question for you. When I hire someone, I want to know about their skills and experience for the job theyre applying for. So, America thinks Obama can fix this mess. With what? Voodoo? How can he solve a business problem, when he knows absolutely nothing about business?
In the 25 years since we graduated Columbia University Class of 83 together, Obama has never started a business, run a business, or risked his money on a business deal. Not once in 25 years. During the campaign, he talked about creating millions of jobs. Well, the next one he creates will be his first. Good luck with that.
President-Elect Obama has never met a payroll, not to mention paying employee payroll taxes or health insurance. Yet his supporters, fans and voters think he holds the answers to a crumbling economy? I dont think he could run a bakery, let alone the U.S. economy. How frightening is this scenario?
I feel like a father whos fallen ill and had to hand over the keys to his business to his 16 year old son- whose entire prior business experience was running a lemonade stand at age 6. Thats what weve just done to the entire United States economy, except Obama hasnt even run a lemonade stand.
My educated guess is Obama was the type of kid who got the neighborhood lemonade stand shut down by calling City Hall to complain. His complaint: the kids lemonade stand didnt have a government-issued business license.
Lawyers to the left of me lawyers to the right; but not a drop of common sense.
Lets talk about the only serious experience Obama has. Experience that I consider quite a negative.
Its not bad enough that hes never had any business experience. It gets worse. Far worse. Obama is a lawyer. Lawyers mess up almost every business deal they get involved with. Why? Because of a deadly combination of big egos, combined with a lack of business acumen.
Lawyers learn absolutely nothing about business in law school. If they learned about business, it would be called Business School. In law school, lawyers-to-be are taught how to sue businesses. There arent even offered courses on how to run one. There certainly arent any courses on how to run an economy.
Once out in the real world and practicing law, lawyers jump into business deals with confidence, bravado and gusto. As well as one goal in mind- screwing up every deal they can get their hands on- to prove how important they are. And to justify their fat fees.
Their huge egos force them to weigh in on things they know absolutely nothing about. After years of dealing with lawyers, I learned to appreciate one of the great inside lawyer jokes: What is the most amazing trait of lawyers? They can quote their fees without smiling.
This is one of the big problems of modern-day government. Its made up of lawyers. Lawyers with some of the biggest egos on the planet. Lawyers interested in playing the game. Interested in acquiring power and control over your life. Because thats what lawyers do.
These lawyers try to get government involved in every and any facet of our lives, no matter what. This whether they know a thing about what they are getting involved in or not! Why? Because these lawyers-turned-politicians want to justify their fat salaries and lofty titles. They learned this in Law School- how to act important, charge big fees and take control of everything theyre involved in.
Once these lawyers are elected as Mayor, to Congress, to Senate, or worse yet, to the White House- do you think theyll ever let on that they dont know what theyre doing?
Politicians will never admit government doesnt have the solution.
If they did, they would lose their power and control over you.
President Obama will have to prove his brilliance and assert his power by trying to solve things - even if government can only make it worse. To a lawyer-politician, thats far better than admitting they dont know.
Obama and his wife are both lawyers. Neither have built a business. Neither have ever been exposed to the real business world. As a matter of fact, they werent even business lawyers- they were both civil rights lawyers and community activists.
Do you have any idea what that means? They have spent their lives suing and intimidating banks and businesses. The closest Obama ever got the banking system was as ACORNs lawyer. Then, and as a community activist, he pressured and intimidated banks to lend to unqualified buyers. And on property that was not worth the paper the mortgage was written on.
This affirmative action lending that banks were forced to do was the single biggest cause of the mortgage meltdown and implosion of the American banking system. Based on this success weve now put Barack Obama in charge of the entire United States economy?
So whats the first thing a lawyer with a huge ego and no knowledge of business will think he should do as President? Hell use the money and power of government to try and fix the economy. Conveniently forgetting its your money hes playing with.
President Obama will create more laws while adding more regulations. Hes already said he wants to raise the minimum wage (thereby huring business and costing jobs). Of course, in the spirit of fairness, hes planning on ending secret ballot voting for unions (This will instantly create an environment of intimidation and manipulation for dissenting union members).
President Obama is planning to raise taxes dramatically on our most successful entrepreneurs and business owners, Americas job-creators, to provide himself with more money to fix the economy.
Obama will punish success, while rewarding people who expect handouts. Hell create jobs by expanding government. Hell spend billions on government projects. All while create millions of new government jobs for bureaucrats (increasing the size and power of government employee unions). He was so brazen, it was recently disclosed, that Obama sent letters in the days before the election to federal employees telling them how hed give them more power and expand their ranks. And of course he will redistribute the wealth from taxpayers to union members by bailing out the Big 3 Automakers. This is the least he can do to repay the huge contributions from those same unions.
Hey dude Wheres MY Bailout?
The Big 3 quietly received $25 Billion with a B just weeks ago. Few Americans noticed this during the giant distraction of the stock market meltdown. Now theyve come back asking for $25 Billion more only weeks later.
Guess where the money will go? To pay for the same outrageous union pay, pension plans and lifetime health care that bankrupted the Big Three Automakers in the first place. We are simply subsidizing failed union contracts that destroyed the U.S. auto industry in the first place.
Of course, it also wiped out the city of Detroit, which now wants a $10 billion dollar bailout, and gave Michigan the worst performing state economy in the entire country. Gotta love those union contracts- the unions in Detroit are like Canadien Mounties- they always get you. Theyll either bankrupt you today or tomorrow or the next day. But they always complete the job. With friends like that, who needs enemies?
Does this sound like good business practice to you?
Of course, there is no choice for Obama and the Democratic Congress- they received millions of votes and tens of millions of dollars from auto unions and auto workers. They need to repay them today to keep their support, not to mention their donations in 2012.
Only lawyer-politicians could possibly dream up this agenda to save our economy. But what are they saving it from? From capitalism?
Obama wont rest until the U.S. economy resembles France.s The stagnant French economy is dominated by big unions and big government. There are few entrepreneurs or business owners in France- with taxes so high, there is no way for individuals to ever save enough money to open a business. Even if they did, the onerous taxes and regulations destroy their chances of success. There are only two viable career routes in France: work for government, or join a union and work for a big corporation. Is that what we want our economy to become? I dont think Americans really want Europes version of big-government social capitalism (a nice way of saying Socialism).
GM, Ford and Chrysler are literally dead men walking.
Where does it all end? Government giving another $25 Billion to GM, Ford and Chrysler makes absolutely no business sense. Because of their outrageous union contracts, the Big 3 Automakers can never turn their companies around. They are 21st century dinosaurs - GM, Ford and Chrysler are literally dead men walking.
Their entire business is based on a failed model (excuse the pun). Notice that Honda, Nissan and Toyota arent asking to be bailed out. Theyre building new plants across America with non-union employees. They beat the Big 3 U.S. Automakers by cutting costs and increasing efficiency. This is in large part by keeping their payroll costs down to $30 to $40 per hour, instead of the $70 per hour that American auto companies pay to union employees. Dont get me wrong- If you can make that kind of wage- GREAT! Go get it. But only if you can earn it without bankrupting your company, or asking taxpayers to bail you out. One thing is clear with the auto industry- those $70 per hour wages are a fraud- they can only work if they are subsidized by the U.S. government.
Is it fair to pay $50 Billion (if thats even enough) to the Big 3 Automakers while successful companies get nothing? Why would we reward failure and incompetence by the companies and unions? Oh, I forgot, thats Obamas business model. Spread the wealth around, punish the successful and reward people asking for handouts (his voters).
Who will pay for my bailout?
Many Americans are asking who will pay for my bailout?
Im a small business owner. Im having tough times as well. My friends with small businesses are all in big trouble right now. Were struggling to survive. If you sell anything for a living right now, you are in big trouble- because American consumers have stopped buying anything. Small business creates a majority of private sector jobs in America and 75% of all new jobs. Arent we too important to the U.S. economy to fail? Who is bailing us out? If we create by far more jobs than the Big 3 Automakers, why isnt there a small business bailout plan from the U.S. Treasury?
Is it because small businesses arent unionized? Or is it because they didnt give huge donations to Obama and the Democratic Congress?
Allow me to present the free market alternative. Its simple- get government out of the way. Any money government gives as bailouts, no matter to whom, is money taken away from you and me. Its money taken from taxpayers, investors and business people who would have used it to efficiently create jobs and wealth. Now its been confiscated by big government who will inefficiently use it to create less jobs than the private sector could have created. You havent gained a thing with a New Deal or Great Society government program. For every job it creates, 2 (or more) jobs are lost in the private sector. Money doled out by government to solve this crisis, is money taken away from you and me, away from the taxpayers and job-creators.
Money given to the Big 3 Automakers is a gigantic waste, temporarily propping up (and rewarding) failed companies. One thing is certain about bailing out the auto industry- theyll be back for more money soon.
The free market alternative is to let the automakers go bankrupt or otherwise find their own way. Will they go out of business? Probably not. The courts will allow them to reorganize. They can and should renegotiate their union contracts, through bankruptcy. Once they do this, theyll emerge as leaner and more efficient companies.
Then and only then they will be able to compete with Toyota, Honda and Nissan. If they dont, theyll be replaced by new auto companies with better business plans. Thats called capitalism.
Did the airline industry as we know it end when TWA went out of business? Of course not. Out of the ashes, Southwest Airlines emerged with a new business model. And it works! They get you there on time, dont lose your luggage, charge low fares, and a nice profit. A profit both they and their shareholders pay taxes on, too!
TWA deserved to fail. If we had bailed out TWA, there may never have been room in the marketplace for a Southwest Airlines. What we need right now is a Southwest Motors.
The other choice to bankruptcy is a government bailout that allows the auto industry to continue with their reckless, bloated business model at taxpayer expense.
Most importantly, all of this money the federal government is giving away has to come from someone and somewhere. Its being stolen from us, the American taxpayer, without explanation, discussion, debate or permission.
Its not governments money to give. It is our money- yours and mine. These endless bailouts will keep our children, grandchildren and great grandchildren enslaved. Enslaved by big government, with oppressively high taxes for generations to come. But then that was Obamas plan in the first place.
Wayne Root Says Obama Presidency Will Be a Disaster!!!!
No really, Wayne you must be kidding!!!!!!!!!!!!!!!!!!!
It’s like that t-shirt that just came out
“Welcome back Carter”
welcome back ...
Best article I have read. Really good.
Sums it up pretty well.
Wayne Root Says Obama Presidency Will Be a Disaster
This can’t be - our federal government is already a horrible disaster and Obama promised Change.
Any more disastrous than Bush? That halfwit has done more to discredit the conservative movement than either Nancy Pelosi or Teddy Kennedy could have ever hoped for in their wildest dreams.
After Carter left office, I never imagined we'd see such ineptitude and lack of leadership from The Oval Office ever again. I was wrong.
But on the plus side, at least your running mate is going to get the gay marriage, amnesty for illegals, surrender on the WOT, and government programs to "seriously address global climate change" that he wanted.
Excellent article, and needs to run in every major newspaper across America.
Someone give Wayne the “Late for the party” award.
Who’s going to be your next bogie man, or will you continue to cling to the same one? Who is your conservative champion and what has he/she done?
Since you seem to know who this Wayne guy is, would you be kind enough to fill me in?
Assuming the country survives, of course.
Jeez! How long will we beat this dead horse!
I consider “the one” to be cuss words already.
Obama's a nightmare, but acting as if Bush wasn't a first class disaster is the same mindset of denial that led to the shellacking the GOP suffered this year and in 2006. You can't begin to address a problem until you first acknowledge that you have one. Surely even Bush must have learned that from AA.
Who is Wayne Allyn Root and why should I care what he thinks?
Really. Does he have a track record of getting it right?
BHO does not have to govern... He’s got the whole damn Clinton Klan on the American taxpayer-funded payroll for that job. To all you STUPID THUMB-SUCKING FOOLS WHO VOTED “AGAINST” MCCAIN: THANKS FOR NOTHING, MORONS!
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