A Confederacy of Dunces...

...or League of Morons?

Hard to choose between John Kennedy Toole's classic Southern Novel or John Malkovich's brilliant character's utterance in The Coen Brothers' film Burn After Reading.

I'll choose the latter as I can still hear Malkovich uttering the words "League of Morons" with such sublime disdain... However, though you can choose phrases, you are stuck with the results that the League of Morons, otherwise known as 52% of the voting populace of the US who cast a ballot for Barry Obama (who will quickly inherit the "worst President in the history of the USA" mantle from George W. Bush).

How can you say that, Mike? He went to Harvard! He must be smart! Yes, and so begins the many parallels between the last president and Barry O.

Let's explore some of them, shall we?:

Each are readily able to gut their opponents in back alley inter-party dealings and sell it under the guise of "party unity". Just like a young Dubya's crew did to McCain back in 2000 in New Hampshire ("Live Free or Die" State gives Obama its delegates? Are you kidding me? Time to recall the State motto and press some new license plates, no?!?), so does a Barry-infatuated Democratic party gut the Clinton's in 2008. More party unity you ask, well let's explore the world of Will Bower, founder of PUMA (Party Unity My Ass) in this CNN article:

http://politicalticker.blogs.cnn.com/2008/11/04/puma-founder-obama-is-democrats-bush/

"I see Barack Obama as essentially being the Democratic George Bush," Bower said. "It's a reactionary movement. People like John McCain and Hillary Clinton represent mores stability and sensibility to me."

Gotta love that kind of "Hope and Change"!

But let's get to brass tacks now... Until now George W. Bush presided over the largest increase in Federal Spending in history, destroying the Clinton-led surplus created in the 90's. Shameful, at best, this mismanagement condemns Dubya to the RINO (Republican in Name Only) Gallery of Buffoons. Sure the tax cuts were a good start, but not coupled with the spending debacle.

Now, the "League of Morons" (or did we decide on Confederacy of Dunces?) has elected a dilettante, lackluster, small-town journeyman as President of the United States. His main approach to solving the woes of the US? Raise taxes, increase federal spending, and add millions of illegal aliens to the citizenry further impacting the federal benefits depleted state. raise taxes in a Recession? Are you kidding me?!? Harvard?

Let's see... The Rookie will stride into the Oval Office, high on the glib press adulation and fresh full of ideas from recent meetings with Oprah and Gail (Haven't seen much of Steadman these days...) and will promptly be worked over by Nancy Pelosi and Combover Joe, representing the House and Senate to sponsor and sell the American Public a few more of these inane US Mint printing press exercises called "Economic Stimulus Packages". Why, Nancy is already talking about upping her $150B version to $500B. WTF?!?

Can someone please explain to me how more Treasury Bond issuance will strengthen the US Dollar and assist the US Taxpayer? Oh yes, that's right... Barry will shift the tax burden to the large corporations, the high income and net worth individuals, and small business owners and they will happily absorb the demented budget overruns that continue to be signed into law by these slaphappy, drunken-sailor Democratic lawmakers. Well, here's the thinly veiled secret: Corporations will find even more creative ways to shuffle profits and relocate earnings and HQ's, individuals will defer capital gains recognition and defer salaries, and small business owners will... Hmmmn... Well, they will just have to take it on the chin since they can do neither of the above. Well, they can always just cut costs by reducing employee headcount.

A happy tale, yes? Well buckle your seat belts, it gets much worse: The budget deficit is now 7% of the US GDP (most respectable economists would classify 5% as "code red"). The national debt is 38% of GDP, not the highest by percentage in history, but certainly the highest in absolute terms...

Further, The Economist Magazine of Oct. 25th 2008 (not the most Conservative publication in the Universe!) reports the following, "... much of the deficit is still financed by foreigners, and global capital flows are now being rocked by the financial crisis. The next President will no doubt find deficits of 7% or more of GDP sobering enough. Without a plan for cutting that high figure back once the financial crisis and the recession pass - and with the inexorable climb in Medicare and Social Security costs as the Baby Boomers retire, now underway - investors may need to be compensated much more than they are now to keep on buying America's debt."

So, Barry has either of two choices: renege on his numerous campaign promises or further stall the recovery of this country by adding additional debt to the heap... Oh, the Joy!!!

So, we look to new vision and leadership as the mirror ball's glow dims and the smoke clears (the smoke from the machines, not the smoke Barry has blown up your ass... and not the smoke from the 'base pipes the Confederacy of Dunces puffs on)... But instead of inspired visionary, we are faced with the same hapless, untalented, stuttering buffoon they gave us last time. So get ready for more OJT (on the job training) and more deer-in-the-headlights vacant stares as we plod along carried only by the momentum of the world's largest GDP (on the wither).

Have fun at the party tonight... It may be the last time in four years you will be able to smile!

Good Night and Good Luck!

Best,

Mike