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It’s All About Jobs — His Job!

February 9, 2011 by  

It’s All About Jobs — His Job!

President Barack Obama has been on a pilgrimage of late, declaring that America will re-invent itself with green technology.   He has even declared that the nation must move away from oil and invest in things that will vastly improve our fortunes; things like solar shingles and cars that run on sunlight and water.

The President has gone so far as to promise that in just four years America will be the first nation in the world to have a million electric cars. 

It is the President’s version of Jack and the Beanstalk.  In that story and in Obama’s imagination, immense wealth and a great transformation will occur overnight.  All we need is a few magic beans (patent pending), water, sunshine and poof, we will have a green beltway to Eden which will be brimming with new jobs.

The President has been talking about jobs a lot lately.  Last week he went to Penn State University to stump his green revolution.  And late last month he announced that he has created at least one new job.  But it is for someone who doesn’t even need it, General Electric Chairman and CEO Jeffrey Immelt, who will focus on growing employment for the nation.  The object of all this media, money and minutia all comes down to saving one job; Obama’s.

“We’re going back to [GE founder] Thomas Edison’s principles,” Obama said in Schenectady, N.Y. “We’re going to build stuff and invent stuff.”

Unsaid in his “Stuff Speech” is that the plant he was speaking from dates back to when Edison was helping invent the Industrial Revolution.  After the President’s speech the media did not make much of the fact that GE has fewer than half its workforce in the United States and that more than 50 percent of its revenues come from foreign operations.  Like the rest of the world, G.E. understands that its fortunes are not dependent upon the U.S. 

Also unsaid is that the world will be happy to buy blue print proprietary technologies that Obama is willing to give away in an effort to be re-elected. 

Let’s take away words like traitor and poser and ask ourselves a simple question: Can America sell enough high tech turbines to offset all those dog-toys from China and petroleum from the Organization of the Petroleum Exporting Countries?  Probably not.

Nevertheless Obama recently proclaimed: “We can out-compete any other nation on Earth.”

Not so said The New York Times

“Let’s not kid ourselves: Talking about ‘competitiveness’ as a goal is fundamentally misleading…  [Instead] that talk of competitiveness helps Mr. Obama quiet claims that he’s anti-business. That’s fine, as long as he realizes that the interests of nominally “American” corporations and the interests of the nation, which were never the same, are now less aligned than ever before.”

Maybe I am jaded, but I believe that the only interest Obama has in his heart is self-interest.  He also has many powerful disciples, including the mighty Oprah Winfrey.  She was the first guest on the new CNN talk show hosted by Piers Morgan. English and a younger version of Larry King and with only a fraction of the wives, Morgan proclaimed Oprah to be, “the American Queen” and said she and President Barack Obama are arguably the two most powerful people in America. 

When asked whether Obama’s performance in office had been disappointing, Winfrey angrily declared:

“I don’t think he (Obama) has been disappointing at all.  I really do not. I really do not, because I believe that I understand the heart of him. And I understand that when he took this role on, he took it on to really bring a sense of betterment to the United States of America and the people of this country. And I know that in his heart, that is his ultimate and primary role.”

What Oprah seemed to be saying is that Americans do not yet understand or appreciate the President and the mission he has undertaken to save us.  Obama remains to Oprah as she proclaimed him to be three years ago: “The chosen one”.

While Oprah didn’t specify on exactly why most Americans are either too ignorant or too stupid to “get it,” Obama is finally getting a grasp of things.  Following two years of ramming Obamacare and gays in the military down America’s throat, the President realizes it might be a good time to work on that little problem he and his cabinet have been calling, “the worst economic crisis since the Great Depression.” 

Recently, the President revealed his Franklin Delano Roosevelt-like ambitions which he has spelled out in grand and green changes for the future.  I don’t know about you, but I felt better just thinking Obama was just another crooked Chicago politician.  The idea that the President has grandiose plans is downright disturbing. 

Vice President Joe Biden recently wrote an email in which he thanked activists of the Democratic National Committee, Organizing for America.  In it, Biden asked them for their continued support: "We knew it would take time. We knew it would be hard. And we knew we would sometimes make mistakes."

Biden continued. "But we did not lose sight of what we came to do. Together, we took on difficult issues that had been put off for decades. And some say we have accomplished more in two years than any administration since Roosevelt’s."

Biden went on to say that the administration’s success is, "literally proof that the organizing you do on the ground — the conversations you have with your friends and neighbors — is working." 

The Vice President’s email contained a list of legislative accomplishments, including healthcare reform, financial regulatory reform, the stimulus, the auto bailouts and the repeal of the military’s "Don’t ask, don’t tell" policy.

When you see a list like that it is hard to argue with Biden’s logic.  The only thing missing is that FDR was president for 12 years while Obama is just two years into his presidency.

It is yet to be determined whether Obama’s green schemes will get him re-elected.  I am optimistic they won’t.  If anything, Obama is proving himself to be most like Jimmy Carter.  Rising inflation, the crisis in the Middle East and an environmentalist President seem all too familiar.  Hopefully, Obama won’t spend one more day in office than Carter did.

Yours in good times and bad,

–John Myers
Myers’ Energy and Gold Report

John Myers

is editor of Myers’ Energy and Gold Report. The son of C.V. Myers, the original publisher of Oilweek Magazine, John has worked with two of the world’s largest investment publishers, Phillips and Agora. He was the original editor for Outstanding Investments and has more than 20 years experience as an investment writer. John is a graduate of the University of Calgary. He has worked for Prudential Securities in Spokane, Wash., as a registered investment advisor. His office location in Calgary, Alberta, is just minutes away from the headquarters of some of the biggest players in today’s energy markets. This gives him personal access to everyone from oil CEOs to roughnecks, where he learns secrets from oil insiders he passes on to his subscribers. Plus, during his years in Spokane he cultivated a network of relationships with mining insiders in Idaho, Oregon and Washington.

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