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Listening to the speech by President Reagan (below) drives home the difference between that speech and those of the current president.

We have no leader. No one we can trust to tell us the truth about anything.We have a finger pointer who spreads blame like a manure spreader. A president who can not inspire other world leaders who are tired of his petty whining. A man who votes present on everything. A lazy mid-level manager who can only fund-raise, campaign, and play golf. It’s all too big for such a small man. It’s out of control and he wants to be elsewhere. The country wants the same thing. Just shut up. We don’t listen to you anymore. Too many broken promises, too many lies, and too much finger pointing.

President Reagan speaks of an America we once knew and what made us proud to be an American. It will take a great leader to rebuild from the ashes left by Obama. Hopefully we will find one who can inspire us to do the work needed to repair the wreckage he has left.

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  1. Jim Hicks says:

    I needed that this morning.

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Since 1973 the US government has been holding Congressional hearings on gasoline prices. Year after year, decade after decade the government and the compliant media have pointed figures at the oil industry for manipulating prices.

Now prices are dropping and there is silence. Silence from Washington DC and no big stories on the nightly news.

Obama has blown billions on bad investments for alternative energy with little, if any, impact. There is a war raging in the Middle East. When that has happened in the past, energy prices have skyrocketed. What’s different now?

Simple. Those evil oil companies have made the USA the largest oil-producing country in the world. We are no longer hostage to the Middle East and their constant wars. The technologies developed by the oil industry, without a dime from our government, have fracked us to this point. On private lands, since the president, who won’t reduce prices further with a Keystone Pipeline, is not leasing public land(your land) for drilling.

Key. This was done despite our government, not in cooperation with our government. A government that preaches climate change daily despite mounting evidence that the models that supposedly confirm that change are consistently wrong.

Who has been good for the US energy situation through the years? The government that has told you they will fix the problem with endless hearings and billions blown on lost causes, or private industry that found a way to deal with the government regulations, developed new technologies, took big financial risks, and fixed the problem.

There’s a lesson here for all of us. This country became great because of individual initiative, not big government. Yet we still buy the propaganda that government is the answer.

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We all watched the mortgage meltdown as it unfolded. Easy money made housing prices rise. Easy money provided by our government through Freddie, Fannie, and the FHA, guaranteeing home loans. And, the same federal government insisting banks and lending institutions give a certain percentage of mortgages to minorities regardless of the credit-worthiness of that percentage. Then defaults grew and only a few were watching. When they overwhelmed the system, the house of cards crumbled and down came the economy. The politicians who allowed the mortgage guarantees blamed the lending institutions and got away with the deflection.

Still we watch as the same thing happens with college tuitions. Over thirty percent of those students who are entering college and getting government loans don’t go back for the second year. They take jobs that won’t allow them to live and still repay the loans. Others who last longer than the first year and don’t graduate fall in the same category. Even those graduating are living in poverty because of the weight of the student loans. Many are forced to move back home.

The economic drag caused by a huge percentage of indebted young adults will have numerous long-term negative consequences. with the $1.2 trillion in estimated outstanding student loans, that’s a lot of young people and a load of debt. Idiot politicians, like Dick Durbin, D-IL, run campaign ads saying they will promote new laws to allow re-fis of student loans. This is like finding a drug that will increase the number of Ebola survivors, but ignoring Ebola.

The millennials, as they are called, are moving back in with their parents, putting off marriage, earning less income, building less wealth, and living with excessive student debt, all so inept university administrators can continue to run inefficient institutions. That’s the Ebola. In summary, it’s a smaller American Dream, a lesser standard of living than the previous generation. A new first in America.

College tuitions, like home prices did, just keep rising. Inefficiency is rampant. As home prices rose owners took home equity loans to buy boats and RV’s and flat screen TV’s. Free, easy money. There is no ceiling yet for college tuition.  Grants from the government, student loans, and foreign and out-of-state tuition keep the easy money flowing.  College presidents are spending like drunken sailors. Very few, if any, have a lick of business sense, just like the clowns in Washington DC.

The College Board, a nonprofit that promotes college access, published a report that says the average in-state student pays $9,000 to attend a university while out-of-state is an average of $22,000. The University of Alabama has 30 recruiters out looking for out-of-state students. There are 600 fewer in-state freshmen in this years class and 500 more out-of-state freshmen.  The state of Alabama gives the university $144 million in appropriations from Alabama taxpayers and the university denies Alabama residents admission as a reward for that support.

We watched the tech bubble grow and burst. We watched the housing bubble grow and burst. And, we watch as the college bubble grows to a size where it must burst. Fool me once, shame on you, fool me twice, shame on me. Fool me trice, ?

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