Thread: Some Think another Obama Term would be Good for America Read more: http://godfatherp

Some Think another Obama Term would be Good for America
posted on August 10, 2012 by Gary DeMar


Vote BoxMitt Romney was never my first choice for President. I would have liked to have seen any number of other candidates be in the top spot. But that didn’t happen. I know there are a lot of Ron Paul supporters, of which I am one (for the most part as I would say about any candidate), who will argue that he was robbed in the delegate count. Paul ended his campaign in May without having won the popular vote in any state primary even though he did win a number of caucuses. In the end, it’s the popular vote that’s going to count.

There’s a great deal of pushback among discontented and ticked off conservative/libertarian/anti-establishment voters. They are insisting that it would be better not to vote for Mitt Romney and let President Obama win another four years. I guess they believe that things would get so bad that the majority of Americans would see the light and vote for their kind of candidate. I don’t see it, and neither can anyone else.

If Obama gets another four years, he will solidify the liberal Democrat base. We are at a 50-50 tipping point. If the electoral scale tips beyond 50 percent, we’re going to be living in an unrecognizable America. We’re nearly there. It won’t be the America of your grandparents or parents.

Here are a few things to consider.

President Obama, while vilifying Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.

“I said, I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,” he said. “Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.”

He is calling for the nationalization of American business. Think Hugo Chavez and the Venezuelan economy. That’s where we are headed if Obama gets re-elected. It amazes me that so many people believe Romney will do the same thing. Once a business is nationalized, it’s hard to privatize it again.

It wouldn’t surprise me if the Democrats, through the EPA, shut down the coal industry. They won’t pass a law saying the coal industry can’t operate. The EPA will regulate them out of business. Do we think Romney will do this? Not if he gets push back from a stacked conservative Congress that we won’t get if anti-Obama voters stay home on election-day.

The newly energized socialists in France are pushing for a 75 percent tax rate for those making more than $1 million per year. When film actor Will Smith heard this, after just saying that he would pay what was needed, he said, “God bless America.” I doubt that Romney will go in this direction.

The goal is to stop Obama and all that he represents. Mitt Romney gives us some breathing room, but only if we continue the assault on the so-called Progressive agenda the day after the November election. Preparation has to be made for 2014 and 2016 and beyond.

Read more: Some Think another Obama Term would be Good for America - Godfather Politics

President Obama, while vilifying Mitt Romney for opposing the auto industry bailout, bragged about the success of his decision to provide government assistance and said he now wants to see every manufacturing industry come roaring back.

Obama did not save GM. He saved the UAW union pension plan and medical coverage, and essentially provided stock control of GM to the UAW. So, how well has GM done since then, especially for US workers and investors.

1. Bond holders who should have been paid in full as part of the bankruptcy settlement were screwed, lucky to get 30 cents on the dollar.
2. GM stock, worth over 40 dollars a share a year or so ago is now down to around 20 dollars a share.
3. At a meeting celebrating a new agreement with China the CEO of GM stated 7 out of every 10 GM cars are manufactured in China.
4. After Obama and GM touted record sales we find out the bulk of those sales were to government vehicle fleets and to vehicle fleets of Obama crony capitalist buddies such as GE.
5. The Volt has been a complete failure, even with massive subsidies from the federal government
6. GM has not shown any real profit because it still owes the taxpayers over 40 billion dollars of our taxes that were used to by GM stock when it was twice as high as it is now.
7. The Obama bailout favored union workers, but non union employees of GM subsidiaries such as Delphi were screwed out of their pensions.
8. To pump up sales, GM is making sub-prime financing of their cars and trucks at record levels. Note that sub prime mortgages were a major factor in the collapse of the housing market, and with the economy in the dumps as it is today, this is a high risk venture on GM's part. Will we taxpayers be facing another bailout proposal in the near future?

What should have happened is that GM should have filed Chapter 11 bankruptcy, paid off its bondholders and re-negotiated its UAW contracts. If it needed government assistance it should have been in the form of the loan made to Chrysler just before Lee Iacocca became CEO of the company. And that loan should have no where near the size of the actual bailout
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