The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.

Thursday, November 28, 2013

Obama a Socialist? If So, He Is A Hands-down Failure!

President as Socialist? 
President Obama as a socialist? 

According to the Tea Party!
We know the answer.  Furthermore, we don't believe those who claim he is a socialist actually believe such.  For sake of keeping the words quasi-clean on Thanksgiving Day, the assertion is mere propaganda and it is dumb. Since we hear the assertion more on Fox News than any other media, the word "propaganda" is an expectation as reliable as NFL Football on Thanksgiving Day. 

You may ask "dumb," how? The manner in which they proclaim he is a socialist and the extent of "dumb" in underestimating the intellect of the majority of the population. And, yes, "dumb" to the extent data and the national economic reality since Obama's inauguration is contrary to the claim.

"Dumb" starts here, with an American tragedy.

Barack Obama as "socialist" is as far fetched as Bush and Cheney's  "Compassionate Conservatism." Since we continue to hear "Obama the socialist" as right-wing fodder for sycophant minions, we thought we'd explore the prospect of the first US president to be interminably called a socialist. Before we move forward, know the mantra also serves as a double-entendre (doble entente). President Obama also has another notable "first" on his mantel.   

While the GOP, libertarians and US conservatives label any effort to assist with sustaining life for less fortunate Americans "socialist", the mantra seems to have Obama as a consistent target. We posit President Obama is the archetypal anti-socialist

In accordance with TPI practice, let's define "socialism" according to Merriam-Webster.

So·cial·ism noun \ˈsō-shə-ˌli-zəm\: a way of organizing a society in which major industries are owned and controlled by the government rather than by individual people and companies 
Full Definition of SOCIALISM 1:  any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods 2: a :  a system of society or group living in which there is no private property
b :  a system or condition of society in which the means of production are owned and controlled by the state  
3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done

These days, no TPI post related to American conservatism is complete without a examples of Obama Derangement Syndrome (ODS). Today, we will focus on Obama as "socialist" ODS from Rick Perry, Sarah Palin and Bill O'Reilly. 
Rick Perry and Bill O'ReillyPolitifact on Perry's faux assertion.
Sarah Palin (if you can tolerate more than a few seconds)
Bill O'Reilly whines-up Palin and releases like a jack-in-the-box.
For anyone idiotic enough accept (via viewing) and buy into right-wing media propaganda about Obama as a socialist, we offer a few points. The information points when compared to the definition of socialism renders right-wing propaganda and rhetoric to a credibility level that matches Bush, Cheney, Rice ,Tenet, Powell and Rumsfeld's WMD charge into Iraq in 2003.

Obama's socialist policy is not supported by facts. First case, we consider stock market performance since Obama took office in 2009. In 2013, the Dow Jones Industrial Average (DIJA) has increased 3,000 points. Let's grab a bit more perspective on the Obama socialist agenda. Don't forget the definition above!
March 6, 20096,626.94

November 27, 2013


Perspective: Within weeks of Barack Obama's first inauguration in January 2009, the DIJA hit bottom at 6,626.94; on November 27, (2013) the DIJA closed at 16,097.33. 

Unless, my acumen with basic mathematics fails me, the March 2009 low mark to today's record (week long) closes looks like close to tripling and a 142% increase over 5 years. Again, if my math does not fail me, a $100,000 investment on March 6, 2009 recorded a November 27th, 2013 value of $242,000.
 Without use of a calculator the numbers seem close to accurate, and an overwhelming statement about the Obama economy. If you want an even more poignant picture of the Obama economy, remember the DIJA is up over 3,000 points since January of this year. 
dow ytd

Is it possible a 2013 42% increase in DIJA investor value has taken place over the past eleven months? That is almost double the rate of increase over the previous four years in eleven months!  While a market correction is probably in our future, the level of acceleration seems inconceivable for a socialist in the White House. 

All major market indices (e.g., DIJA, NASDAQ, S & P 500) have recorded either historic records since November 15th or record highs over an extended number of years. 

IndexLastChange% Change
S&P 5001,807.464.710.26%

Stocks were in the pre-holiday doldrums Tuesday. Volume was light. But the market continued its record run and shares of a number of major retailers were on the move ahead of Black Friday. 
The Dow Jones industrial average, the S&P 500 and the Nasdaq all ended with modest gains. The Nasdaq closed above 4,000 for the first time in 13 years. The Dow gained a fraction of a point to hit another record closing high while the S&P 500 finished near its all-time peak. 
Now, a more comprehensive look at a "socialist" president: Obama By the Numbers, First, Second, Third Quarters 2013; Fact Check Dot Org


Home prices rise 11%

  @CNNMoney November 26, 2013: 10:20 AM ET
home prices 112613

Home prices continued to climb in third quarter, rising 11% from a year earlier
However, the quarter-over-quarter gain slowed to 3%, compared with the second quarter, when prices jumped 7%.
The S&P/Case-Shiller home price index registered its first double-digit year-over-year gain since early 2006 -- just before the height of the housing bubble -- despite a recent rise in mortgage rates.

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