What Socialists Hate

After two weeks in office, an approval rating losing 30 points and about to drop under the critical 50% mark there is serious doubt Mr. Obama could win the election if it were held now. While normal for new Presidents to lose popularity points in office this is unprecedented.

Listening to late night talk radio, where the few liberal hosts on the air are heard, you will wonder if George Bush and Dick Cheney are still in office. They cannot let go and deal with Obama reality.

These all say the Obama Presidency is off to a poor start.

The U.S. Treasury starts auctioning seven year T-bonds at the end of the month. Given “The worst economy in 50 years” lyric of the Democrat marching songs it remains to be seen what interest rate will have to be offered to attract foreign money; the only kind we have not exhausted.

China recently announced it is “less to not” interested in our debt equities, a fact underreported in pro-Obama press. Thus, we expect the coming auctions to be eye-opening to those who understand money, banking, world currency trading and inflation.

Democrats want to borrow several trillion dollars and dispense it through new bureaus with the first of that money appearing in the economy in one to two years. According to Democrat Majority Leader Steny Hoyer every Dollar delivered as a federal benefit costs $1.76. The efficiency is 56%.

Tax cuts are 100% efficient, immediate and can be permanent. If business knows future tax rates it can, and will, plan. JFK, Ronald Reagan and George W. Bush all used tax cuts with great positive, instantaneous, inexpensive, efficient effect.

Congressman Barney Frank wailed on “This Week with George Stephanopolis” “Tax cuts never put a policemen on a beat…” and on through a list of wonderful things government does, but that is not true because tax cuts increased government revenues every time, but expanding the economy reduces the relative size and importance of government and that is what socialists hate.

Adrian Vance