Economic Congruency: Ayn Rand points to the logical “next step” of Obamas Financial Policies

So the President is going to propose a new economic plan after his vacay at Marthas Vineyard.

He should not waste the mental energy attempting to put it together, Ayn Rand has already done the heavy lifting on that topic by taking Collectivism in America to its logical conclusion with Directive 10-289 in the chapter Miracle Metal of Atlas Shrugged.

Ayn used Fiction to help her readers understand what Marxism “Looked Like” in real life by creating fictional characters who could be played today by any of the secular humanists currently embedded in our National Government.

Barack, Tim, David, and Gene could easily play Mr. Thompson, Wesley, Eugene, Floyd, and Fred in the upcoming second installment of Atlas Shrugged, the Movie.  But the Prez and his Economic team are busy with vacations and writing even more talking points blaming all of the economic morass on tea party activists like me. And preparing a “really big show” for September takes a great deal of time…

Here is a quick synopsis of the  Economic Plan of the Marxist Looters and Moochers from Rands book: (I really think to be congruent the President and his Economic Advisers should just bite the bullet and publish this plan as the logical next step.)

Jenny Hatch

Jenny Hatch

From the Freeper Online Book Club: Atlas Shrugged

“Head of State Thompson meets with his economic brain trust: Wesley Mouch, Eugene Lawson, Jim Taggart, Dr. Floyd Ferris, Orren Boyle, Clem Weatherby, and Fred Kinnan, who is head of Amalgamated Labor of America. They are discussing Directive 10-289.

Wesley Mouch is upset that people are not sufficiently motivated to cooperate; he needs more power. Weatherby points out that the economic climate is deteriorating rapidly. Lawson says the people lack the proper social spirit, they don’t understand that production is a duty and that there is no such thing as a personal life. Thompson, the realist, says to make sure the Mainstream Media is on board. Ferris brings out an old George Washington quote about wise and honest men and disparages it as out of date.

Fred Kinnan says this is about jobs; he suggests forcing employers to increase their payrolls by one-third. Jim screams that he wouldn’t have any use for the extra men. Kinnan says it’s not about use, it’s about need, and need trumps profit. Jim is insulted by the word profit, but he thinks there might be room for agreement if the railroad can increase its rates. Orren Boyle says he can’t afford it, and Jim says that public need trumps Boyle’s profits. Boyle says no one can accuse him of ever making a profit! Boyle can absorb a rate increase if the government increases his subsidy, but Weatherby accuses Boyle of running a black hole for government money. Thompson says to go ahead with the directive, and he’ll widen the state of emergency. He leaves the meeting.

Mouch sums up. Deterioration of the economy is so great that the best solution is to freeze everything in place and hold the line. Freedom has been given a chance and has failed; stringent controls are necessary. He reads Directive 10-289.

  1. All workers are bound to their jobs and can neither leave nor be fired under penalty of one year in prison. The Unification Board, reporting to the Bureau of Economic Planning and National Resources, possesses judicial authority. All citizens upon turning 21 must register with the Unification Board which will assign them jobs in the best interests of the nation.
  2. All businesses must remain in operation and cannot close under penalty of nationalization and confiscation of property.
  3. All patents and copyrights are to be gifted to the government by the use of voluntary Gift Certificates. The Unification Board will license those processes to all applicants to eliminate monopolies. All brand names and private trademarks are abolished.
  4. No new inventions shall be produced or invented. The Patent Office is suspended.
  5. All business establishments will produce the same amount every year as they did in the Yardstick Year, to be enforced by the Unification Board.
  6. All citizens must purchase the same amount of goods every year as they did in the Yardstick Year, to be enforced by the Unification Board.
  7. All wages and prices are frozen.
  8. All cases arising from this directive are to be decided by the Unification Board.

There is agreement that this will provide security, although Jim gets a bit hysterical. Lawson says to hell with the little people; man’s mind is the source of all the problems in the world. Ferris says that genius is superstition, there is no such thing as the intellect, and man’s brain is a social product. A genius hoards ideas that rightfully belong to the society from which he stole them. Thought is theft.

Fred Kinnan brings them all down to earth. If the Unification Board isn’t owned by organized labor, the whole deal is off. Boyle says that Kinnan is trying to get a stranglehold on every industry in the country; Kinnan smiles and agrees. If Wesley Mouch agrees to let Mouch and Kinnan control the board, Kinnan can get the union membership to swallow the rest. Jim thinks the country won’t stand for it.

Kinnan laughs and says that if there aren’t rules any longer, then it’s about who robs whom. Kinnan controls the votes of his membership. He knows he’s delivering his people into slavery and they know it too, but they also know Fred Kinnan will throw them a crumb once in a while. If they’re going to be under a whip, they would prefer that Kinnan wield it. He knows he’s a racketeer and his people know it, but they know he can deliver the goods. Mouch gives in.”

Miracle Metal discussion at Free Republic.

*I was banned from Free Republic without even a goodbye kiss the week that Rupert Murdoch experienced the most Humbling Day of his life, when I persisted in attempting to publish this report linking Murdoch to Genocidal Depopulating Vaccines.

No hard feelings guys, I know that my constant drumbeat the past eight years dissing your wives for their epidurals and prozac and your kids ADD meds and vaccines was somewhat annoying, but Rupert and his cronies at The Partnership for New York City have hell to pay for what they have done to humanity.  He likely has a few freeper mods paid well for sending certain threads down the memory hole & banning loud mouthed bloggers who get a little too close to the truth and if a freedom loving health care blogging Mom gets thrust out of the conversations of the day because I talk too much about certain taboo subjects…well, WHO WILL NOTICE?

Just remember that when 60 % of young couples are infertile, the C-Section rate tops out at 96%, and 75% of our children are drooling in autistic straitjackets, somebody was trying to blow really hard on that whistle.

XOXOXO Jenny Hatch*

Movie Clip from Atlas Shrugged Part One

Year of the Women! CONSERVATIVE women that is!

Blogging Mothers Magazine

Super Tuesday Blowout for Republican Women!

ABC News Reports (video on site)

More analysis from Fox News Below

Heart singing Barracuda in honor of Sarahcuda: Sarah Palin

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Huff Po: Janine R. Wedel – Shadow Elite: Derivatives, a horror story

This excellent post by Janine is a perfect summary of the true cause of the Economic Collapse.  I first learned about the Derivatives issue when I watched the Documentary, The Obama Deception. A portion of that movie was focused exclusively on this issue.  The whole movie is hosted below and the clip about Wall Street is above.  I don’t agree with all of the claims of this movie, but it does tend to make you think.

Here is the final portion of Janines piece:

“With journalists stumped, could anyone in the Washington power “village” stand in the way of runaway derivatives, and the banks that wanted to keep them unregulated? Ironically, there were few policymakers more capable of understanding derivatives or their real world impact than Clinton Treasury Secretary Robert Rubin and his deputy Lawrence Summers. And both were there when derivatives could have been at least partially reined in before they became, to quote Warren Buffett, “financial weapons of mass destruction”. Instead they did exactly the opposite, blocking key regulation at pivotal moments, as we saw in Summers’ remarks above, with Rubin going on to benefit from this deregulated Wild West when he left Washington and returned to Wall Street as a top executive.

Here again, taking an anthropological view can be instructive. Consider the elite conclaves both came from, and the biases and potential conflicts attached to them. Rubin originally came to Washington after decades at Goldman Sachs, a firm renown for its culture of invincibility. Summers came from a somewhat similar culture – Harvard – with ample faith in both himself and the efficacy of the free market.

Their boss, President Clinton, was intent on being the pro-business “New” Democrat. In the last two months, all three have tried to distance themselves from their roles in letting derivatives go unchecked. (And in true shadow elite fashion, none of them have faced the consequences of their actions. In fact, the only ones to really suffer from the failure of the elite are the non-elite, millions of regular people who’ve lost their jobs, houses or savings.)

And derivatives remain unchecked. Just because the economy cratered doesn’t mean that all these money-printing machines have disappeared. According to calculations by Bernstein Research, Goldman Sachs could lose 41 percent of its profits if the new derivatives regulations pass. Banks generally don’t break down their figures on this part of their business (surprised?), but it seems fair to estimate the percentage of the bank revenue that comes from derivatives is solidly in the double-digits (at some it could be more than 50%) To put this in perspective, imagine a food company that gets half its revenue from selling products that go totally unregulated by the FDA, and whose practices are hidden from both regulators and journalists.

Tett notes sociologist, philosopher and anthropologist Pierre Bourdieu as arguing,

“...elites …. invariably try to hang onto power–not so much by controlling the physical means of production, but by also dominating the cognitive map, or social discourse. What really matters …is not what is publicly discussed, but what is not discussed. Social silences, in other words, are crucial.”

Her message: when the people in power insist a little too hard that there’s no story to be found, start digging in. Tett says this should be a wake-up call for journalists and anthropologists, to question the people drawing that cognitive map. One reviewer dismissed this as “preachy” advice. It might be, if she wasn’t dead right.

Linda Keenan edits the Shadow Elite column.”

Economics 101: “Fear the Boom and Bust” a Hayek vs. Keynes Rap Anthem

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The Weekly Standard: An Agenda in Shambles

The ‘New Foundation’ collapses

“In April 2009, President Obama laid out his domestic agenda in a speech at Georgetown University. This was no ordinary chat; Obama envisioned nothing less than a reorientation of the American system. He sought to shift the economy from the rough and tumble cowboy capitalism of the past to a less risky, pricier, and perhaps slightly more comfortable European future. “We must lay a new foundation for growth and prosperity,” Obama said.

Less than a year later, this agenda is in shambles. The president’s “new foundation” is just another part of America’s crumbling infrastructure. Its pillars are strewn across the congressional landscape. Democrats are afraid to touch them—and for good reason. They are radioactive.”

 

“…Obama persists in laying the foundation for a house nobody wants to buy.”