Graph: The Obama Financial Anxiety Index Level™ (O-FAIL for short)

I believe I've come up with an excellent proxy for the level of economic distress felt around the world thanks to our feckless Democrat leaders. I call it O-FAIL, which stands for Obama Financial Anxiety Index Level™.



O-FAIL takes all of the world's instability, hysteria, deficit spending, money printing, fears of energy disruption, terrorism and war -- and encapsulates them into a single, easy-to-understand number.



The higher O-FAIL gets, the worse things are around the world. Check out the O-FAIL index. You can see that over the past couple of years, immediately after the election of Barack Obama, it began going parabolic.

O-FAIL is also known as the price of gold.

The last time it was this high, in inflation-adjusted terms, one James Earl Carter was President. Enough said.


Hat tip: Post1.org. Linked by: Ace o' Spades. Thanks!

Grim milestone: Barack Obama surpasses Jimmy Carter again, this time when it comes to America's pessimism about the future

Nothing says "change" like this headline: "Americans’ Economic Pessimism Grows, With Gloom ‘Pervasive’:

[A] CBS/New York Times poll from June ... showed that over the last year, more Americans have come to believe the current economic downturn is part of a long-term permanent decline and that the economy will never fully recover. In October 2010, 28% of respondents agreed with that statement, versus 39% last month...

..."Americans are so pessimistic about the economy now ... . And the level of public pessimism is actually higher than the deep 1981-82 recession overall," due to grim personal outlooks on a number of issues like jobs, retirement and health care, says Karlyn Bowman, a senior fellow at AEI who co-authored the report...

Mark Levin has said for years that "liberalism is the philosophy of the stupid."

You would think after a pair like Carter and Obama, Americans would have learned their lesson. Electing leftists to high office is somewhat akin to giving a 16-year old boy a fifth of Cuervo and the keys to the Ferrari.

That is: many scenarios can play out -- and every single one of them is catastrophic.


Chart: Zero Hedge.

Combating class warfare rhetoric the easy Doug Ross way

My critics on Twitter revel in the standard class warfare rhetoric endemic to failed revolutions throughout history. The French Revolution. Russia in 1917. Peron in Argentina. The game-plan is always the same: demonize the rich, attack private industry, segregate political constituencies by race, gender, creed and religion in order to prey upon the weak-willed.

Such is the recipe of one Barack Obama, who has attacked industry after industry: coal miners, oil companies, health insurers, pharmaceutical manufacturers, medical professionals, and "millionaires and billionaires", among others.

The following are the kinds of messages I often receive on Twitter:

• Maybe we should just hand over country to REpub/CorpAmerica

• I found that Laws are about controlling WallSt,but we suffer too. Loopholes/oxymoron clauses have brought #us to the brink.

• UR to smart NOT to believe CorpAmerica wants to pay any Taxes

Unfortunately, we've bankrupted the Treasury with the alternative: the collectivist roadmap. And it's failed like it's failed every other time in history. Central planning by masterminds in some far-off capitol has a perfect track record. Zero-for-Eternity.

Remember that "Stimulus" program? How's that working out for ya', Sparky? Or the Department of Education? Working out swimmingly for low-income students? And that solar technology in which Jimmy Carter invested billions of taxpayer dollars? Remember how it revolutionized our energy infrastructure?

Spewing Marxist class warfare rhetoric is simply indicative of a lack of education.

To paraphrase Milton Friedman: who are these angels on Earth that can redistribute everyone's wealth?

There isn't a corporation on Earth that can force you to pay it whether you want to or not.

There isn't a corporation on the planet that can throw you in jail for failure to adhere to its millions of pages of laws, regulations and dictates.

There isn't a corporation anywhere that can make you buy a one-size-fits-all health care plan, or a certain kind of light bulb, or a low-flow toilet, or a certain kind of car, and so on and on.

There isn't a corporation anywhere that can command you -- the citizen -- to participate in multi-trillion dollar Ponzi schemes like Medicare, set to collapse in only ten short years.

No, there isn't any corporation powerful enough to do these things.

Only a giant, enormous, bloated federal government can ruin our economy in these ways. And, then, only because a certain group of power-hungry, easily corrupted politicians, lawyers and judges have ignored our highest law: the Constitution.

Our Framers created the Constitution to prevent the rise of an all-powerful, autocratic, authoritarian central government.

It wasn't the corporations that have ruined the economy: it's the politicians who violate their oath of office every day of the week. That's what the Tea Party is all about. And that is why every one concerned with the future of America should support Constitutional conservatism.