This past week, President Obama demonstrated just how out of touch he is with the American people when he said "we’ve lost our ambition, our imagination, and our willingness to do the things that built the Golden Gate Bridge and Hoover Dam, and unleashed all the potential in this country."
Unbeknownst to our President, the level of ambition, hard work, and innovation in the U.S. private sector is startling, and it led to a projected 2.5% increase in GDP for the 3rd quarter in spite of all the bad government policies that are restraining growth. But this President, who has never held a job in the private sector, does not appreciate just how dynamic the U.S. economy is. Instead of turning away from HIS failed economic policies that are holding American entrepreneurs and businesses back, HE instead lectures the American people on how WE should be doing more. Got that? Even though HIS Environmental Protection Agency is trying to close down ten percent of all U.S. electricity generation capacity, even though HIS National Labor Relations Board is preventing Boeing from opening a new $2 billion dollar plant scheduled to manufacture our #1 export product, the Boeing 787 DreamLiner, even though HIS Department of Energy has stalled the approval of hundreds of new drilling permits in the Gulf of Mexico destroying more than 200,000 jobs, even though HE signed the Dodd-Frank legislation into law forcing hundreds of new rules and regulations onto businesses and banks (so many the federal bureaucracy is months behind in writing all of the new rules), even though HE signed Obamacare into law with thousands of pages of new regulations on the American people and businesses (some of which HIS Health and Human Services department have had to withdraw because they are completely unworkable), even though HE has created all of this economic cost, fear, uncertainty and bureaucratic hassle, it’s OUR fault the economy continues to struggle, not HIS. The man is simply unbelievable! Is this not a narcissist? Is this not a "dictatorial personality?"
Bob Fragasso — Chairman and CEO of Fragasso Financial Advisors — joined me on my radio show this weekend with his insights on the Greek default, Wall Street’s reaction to the European debt deal, and the implications of this ongoing crisis on the American consumer, and investor. The leftist policies of this administration and Liberals in Congress — for example, huge increases in the size and cost of the federal bureaucracy, massive interventions in the private economy in the form of direct subsidies and bailouts, and enormous new regulations on everything from banks, to power plants to hospitals — are leading us down a road to economic ruin like Greece. We must change these policies if we wish to escape economic decline, rapidly diminishing standards of living, and eroding security.
Even more disturbing, President Obama also refuses to embrace his responsibility to support and defend our constitution. This week, he loudly proclaimed that he and his administration would IGNORE CONGRESS and act unilaterally wherever they could. Although the changes he is making to the Mortgage Affordable Refinance Program and the Student Loan Program this past week are minor, and will have no positive effect on the economy, Obama’s unapologetic rhetoric stressing his intention to go around Congress is alarming. Thank GOD that the Founders of our country included separation of powers and limits on Executive power in our Constitution. Without these limits, a man like Barack Hussein Obama just might become an American dictator!
EVENTS THIS WEEK!
This week, I will be talking about our troubled economy, enormous annual deficits, and bloated national debt as I host "An Evening with Glen Meakem" in Harrisburg at the Radisson Hotel and Convention Center on November 2nd, and in Allentown at the Columbian Home of Allentown on November 3rd.
For complete information and to register, go to glenmeakem.com, or call (412) 749-9045. The cost for this event is only $45 per person. All major credit cards are accepted. If you are not able to register in advance, you may also come and pay at the door (credit cards, cash and checks accepted).
America faces serious threats, but we also have significant strengths to draw upon. Yes, there is hope and I will lead a discussion on real solutions to these and other problems, as well as things you can do to help. Please come join me at this informative and uplifting event.
A cash bar and complimentary coffee, tea and soft drinks are available starting at 6:00 pm. The program starts at 7:00 pm. There will be one break and the program will end by 9:30 pm. Coffee and tea will follow for those who want to stay and talk more. Every attendee will receive a program booklet containing all of the charts and information which I present.
If you live in Central or Eastern Pennsylvania, or Western New Jersey, I hope to see you there!
Glen Meakem is a successful technology entrepreneur, venture capitalist, and conservative talk radio show host, who offers information and insights on how individuals and our nation can be more successful. Glen’s unique perspective has been shaped by his experiences as founder, chairman and CEO of the B2B internet success Freemarkets Inc – which he founded in 1995, took public in 1999, and sold to Ariba in 2004. In 2005, Glen co-founded Meakem Becker Venture Capital, a firm that invests in early stage start up companies. Concerned about the liberal political agenda that has gripped the United States and his home state of Pennsylvania, Glen launched "Glen Meakem on the Weekend" in 2008. Glen served as an officer in the United States Army Reserve and is a veteran of the First Gulf War. He also earned his undergraduate degree from Harvard and his MBA from Harvard Business School. For more information about Glen and his radio program, or to read his blog, please visit http://glenmeakem.com.
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