Tuesday, January 04, 2011

Only the truth please...........

Guess what extremely charismatic (if extremelier teleprompted) future leader of the free world uttered the following rhetorically elegant, if completely and utterly hollow, words:    "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

If you said Barack H. Obama, give yourself a golfclap. And if you are scratching your head furiously at the seemingly unbelievable hypocrisy after how just four years later, the president's own economic advisor Austin Goolsbee said that a refusal by the Senate to increase the government’s debt ceiling would be “catastrophic” and a sign of "insanity" don't worry, you are not alone. In fact, very few people can believe the self-professed "insanity" of the very people who four years ago were all about prudent fiscal behavior but now couldn't give a rat's ass about drowning the country in $150 billion in debt each and every month.

And some other observations on the teleprompter's facility with swaying in the wind via the National Review Online:      In 2007 and in 2008, when the Senate voted to increase the limit by $850 billion and $800 billion respectively, Obama did not bother to vote. (He did vote for TARP, which increased the debt limit by $700 billion.)   Sen. Jim DeMint (R., S.C.) told Human Events in an interview released today that the decision about the debt ceiling “needs to be a big showdown” in the Senate.   “We are going to cut [spending] necessary to stay within the current levels, which is over $14 trillion,” said DeMint.

If by "big showdown", DeMint means the latest pathetic theater of, for and by the government, which pretends to care about the middle class, while continuing to pander to the top 0.1% of US society, then he is absolutely spot on.  But yes, the president is correct. Americans do deserve better... than the corrupt puppet frauds that are allegedly representing their interests in the judicial, legislative and executive branches of the Wall Street purchased US government.

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173