Dear Friends,
It seems to me that we are living in an upside down World. The Elite hold us to the highest standards while committing far worse crimes themselves. The unbiased media is complicit and the people of the World are groping for answers in the dark. This state of affairs cannot last long, and I am afraid, will lower the lot of every human being on the planet, eventually leading to another World war, if it is not rectified.
Jamie Dimon is questioned by Congress for loosing two billion dollars of shareholder money, while Obama faces no questions, from Congress or the unbiased media, concerning his loosing tens of billions of dollars of taxpayer money. When a CEO makes a bad decision it is the investors in that company who take the loss, when the President makes foolish bets on companies owned by political contributors, it is the American people who loose the money. As Milton Friedman said, “There is no free lunch.” When government takes a dollar from the private sector and wastes it or gives it to some political hack, that dollar is not available to be spent on a more productive undertaking… everyone suffers. When a company makes a bad business decision, that company suffers and the market opens up new opportunities for smarter companies and ideas, unless regulation prevents it.
The Pentagon is using US taxpayer money to buy Russian helicopters for the Afghanistan military, and the the unbiased media are upset, because that same company has sold helicopters to the murderous Syrian regime. The real question the unbiased media should be asking is, why not use American taxpayer funds… to buy American made helicopters? It would seem to me, that is the burning question, but the unbiased media avoid the real questions and only ask misleading ones.
Obama believes the US private economy is doing “just fine” it is the government who is starved for money. This shows one of two things, a total disconnect from the real economy and a total lack of understanding of how economies work, or, he doesn’t care how well you and I am doing, because he is the only thing he focuses on. Neither option is good for the country he has been elected to husband. If he is that ignorant of the economic system of the World, he is patently unqualified to be a anything but a laborer, certainly not President of the United States. If the latter is true, and he is that self absorbed, he is unqualified to do any job, period, and we should support him on welfare.
The convulsions in Europe are coming closer and closer together but we are being told that a solution is still possible. Spain was just given a hundred billion Euros to bail out their banks and stem the run on them. This follows Greece getting another tranche of money from the EFSF to stabilize it’s economy after going belly up on it’s debt in February! Italy and Greece are experiencing runs on their banks and France is swirling in the economic toilet. Greece is about to elect a communist government on Sunday, that will ensure the Greek people will suffer economic catastrophe, while the political leaders in Europe are intent on rearranging the deck chairs on the doomed ship. Is there any country in the Euro zone that has less than twenty percent unemployment? Yet Obama says, with a straight face, the US needs to adopt European style socialism! Is he really that stupid, or are the unbiased media that stupid, not to point out the absurdity of it?
In a sane world this would be the stuff of comedy. In the World we live in it is the norm. Our leaders hold us to the highest standards but are loathe to hold themselves to any standard what so ever. This economic crisis will cause a World wide depression, that will lead to another World War, just like the last time our leaders collectively lost their minds. History will again record it was the villains who started the shooting, instead of the villains who started the ball rolling… that were to blame. It is truly unfortunate that so much blood, wealth and industry, will be squandered by such foolish people. But since our leaders steadfastly refuse to learn from history… I guess we are doomed to repeat it.
Sincerely,
John Pepin
