President arriving in Bay Area for Los Altos Hills event
Original post made
on Jul 22, 2014
President Barack Obama is scheduled to fly into San Francisco International Airport tonight for a short fundraising visit in the South Bay.
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posted Tuesday, July 22, 2014, 12:25 PM
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Posted by myob
a resident of Old Mountain View
on Jul 24, 2014 at 4:15 pm
I'm not blaming the president, I'm saying he's complicit, I'm blaming the entire top of the political/corporate pyramid that rules this country. They rule it for themselves and their friends, at the cost of everyone else. Obama, just like the Bushes, Clinton, Reagan, all fit into that system, the only difference is which giant government and industrial sectors benefit.
Our economic policies, passed by congress, signed by the president, benefit the wealthiest element of the country while harming everyone else. The official inflation number doesn't track the cost of energy, houses, or food, which are primary costs for most people in this country. Sure, TV's are getting cheaper, and so are cell phones, but you can't live in them or eat them. Before you accuse someone of ignorance, please read up on how the CPI is computed, read up about "hedonic adjustment", and "owner's equivalent rent." These are recent changes to how CPI is measured, and it's not a secret, it's policy. Inflation isn't like a tide that raises all boats at once. Since the dollar is credit backed, new money is spent into existence through the activities of the Fed and the treasury together. The places where newly created money is spent benefit from it, since they get to use full value dollars, but as this money spreads into the economy over years and even decades, the cost of basic goods go up. Wages don't keep up, because businesses experience a margin squeeze, as their costs go up more than they can pass onto already cash strapped consumers, it's a vicious cycle.
The minimum wage is actually pretty irrelevant to this process, since the problems are the lack of jobs, not necessarily the cost of the labor. When the government spends money into existence, as I mentioned, there are easy returns on investment by doing things encouraged by the spending, and today, that's building and flipping houses and speculating in stocks. Why work your butt off building out a business for measly profit margins when you can make more being a flipper or an investor? That's how these policies distort markets. All the minimum wage does is outlaw some jobs (namely, those worth less than minimum wage).
I think Obama is awful because of drone attacks, misguided economic policies, secretive government, sealed executive orders, pandering lies to get elected, not prosecuting serious financial fraud, while having his AG's prosecute petty criminals for victimless crimes, etc. This doesn't make him much different than his predecessor, of course, but his predecessor was a Republican, so he could be freely criticized among silicon valley progressives, who will overlook anything because it's their guy at the helm.
As for the racism statement, you implied it with your "hmmm" comment, feel free to deny it, I can't prove it, but given the discussion you were responding to, it's a reasonable assumption. You're a shifty weasel, Facts.
I originally said that I really don't care what these emperor presidents do with their own time, but objected to them inconveniencing an entire area when they visit with their ostentatious displays of superiority, and insistence of locking down shared resources like roads for their sole use, here's a fine example from Obama's visit - some poor woman had to sit on the street in labor, while waiting for his motorcade to pass, so that she could cross the street to the delivery room (Web Link). Shame on him, and his whole entourage.