Authored by William Robert Barber

I have been, for the last week, on business in Ireland. Today after frisking about with the Irish people, gazing and stomping on their generously forested land of gently rolling green country-side, driving through narrow village streets dotted along the hill and dale; enjoying many a stimulating discussion intertwined with good food and ale. I am heading home.

Interestingly, the economic concerns of Ireland and indeed all of Euro-land, are about the same as they are in America. Everyone I met and every publication I scanned emphasized the painfully high unemployment, the lack of bank-funding, dismal economic growth, and the sad, bitter effects of the almost complete devastation of real-estate value.

Entertainingly, the blame-story is similar to what we Americans channel. When the marketplace puts money or even the illusion of putting money in peoples’ pocket, everyone is unquestioning and quite pleased. However, when money has stopped flowing in and in fact starts to flow out or not flow at all, well, fault is seeking a dance partner. The people negatively affected point the finger at any and all except their own blindly excessive spending indulgences. The Irish – just like us Americans – readily exclude their most recent willy-nilly mindless behavioral addiction to a belief and practice in nonrecourse consumption.

When specifying the present American financial and real estate downturn I suggest that one should review the fuel that created the economic boom-cheap money and debt. The collateral was a commodity known as real estate and equity market trades and holdings. When private enterprise is managing its own risk and the speculator-public accepts their own risk, individually, the winners and losers suffer or gain. But when government and their cohorts public-private unions gets in the middle to install a “fair playing field,” to “protect the worker or the investor,” or enact by law a third-party ideal of fairness, the taxpayer pays excessively for the governing service.

There is an ancient adage that runs parallel to the biblical saying, “God helps those that help themselves,” inclusively, one cannot by edit nullify stupid or criminal behavior nor can government by legislation bind or mandate the practice of good sense and morality.

Of course these well-known adages do not stop the elected from their task of constant governmental interference. This is best evidenced by the government’s insistence on retaining an ambiguous federal tax code, enacting the excessively expensive regulatory dud Sarbanes-Oxley, the retention of duplicating departments and agencies, the persistence of continuing federal policies that bully risk-takers and reward losers. The systematically applied coercive pushing and pulling by several Congresses since the Eisenhower administration has driven private enterprise straight to attorneys, litigation, and bureaucratic discombobulating.

The liberal progressives in line with congress’ Barney Frank have for years forced private banks in the direction of mal-ginned imprudent lending practices. For the elected, evidence to the contrary of their ideal, be damned; the policy of government in their eye’s is as a matter of policy, to taxpayer finance a seemingly never-ending series of perverse societal contrivances that have, in the present, after decades of persistence, finally, impaired the nation.

When one combines such governmental action with a popular consumption frenzy stirred and prompted at every opportunity by a political leadership motivated solely to attain or maintain public office; the tangibles of sensible and pragmatic are pushed into the delete file in favor of the intangible and deceptive. These rascals, the elected Noblesse oblige, and their allies such as public employee unions, the New York Times, National Broadcasting Company, all liberal progressives, and labor lobbyist in general, are consistently remissive of applying prudent real-world principles to the issues and concerns of governing the peoples’ money. Either consciously purposeful, or permissively naïve, political leaders have, for many years, mislead the voting public as to the nation’s economic disposition. Experience has documented, the elected class will lie, cheat, and steal to and from their constituencies.

When reviewing the governing of particularly democratic-republics one is inclined to believe in the governing tenants of righteousness, particularly in these countries the predominately sane champions the irrational. Corruptive behavior in and by government is assumed to be spotty at best. After all, one is led to believe that in democratic-republics reason dominates the unreasonable, but low and behold, instead we find the non-sensible overwhelming good sense.

Upon surveying the historically documented factual pieces and parts that lead to the 2008 recession one could conclude that it was if the world of the otherwise prudent and rational was managed from the Emerald City by the hedge fund wonk, The Wizard-of-Oz.

Bloated property assessment permitted the government to tax and squanders more of the people’s money; equity pricing egregiously mismatch derivative to market value, and the wholesale of government policies explicitly designed to give away other people’s money. Could there have been another outcome? If governments’ print money, if fiat currency is forced into acceptance, if tax revenue lags behind governmental distribution of that revenue how could there actually be a functioning economy? No one with enough political juice considered the cost verses the benefit; everyone was chasing the butterflies, enjoying the rainbows, and receiving their pot of gold.

Captivatingly, the financially affected, withstanding the history of government stupidity, the government’s culpability in a total lack of sensible, rational, prudent, and reasonable governess, these persons, still contemplate government as the quick and easy solution. I am particularly astounded by the incredulous insistence of not just the financially affected populous but institutional leaders from bankers to insurance executives, economist, and broker-dealers they all create a novel wherein they write-in, admittedly, in degrees of measurable variance, governmental agencies and departments as the solution-protagonist.

The solution to our economic malaise is simple. Learn to find the bait, fancy the bait onto the hook, choose a line and pole; discover a place where fish are to be found, throw the baited line into the water, catch the fish, prepare the fish, cook the fish and eat it. Now all of this is to be done without paying a licensing fee, and entrance fee, a poundage tax, governmentally assisted learning, or some federal agency telling you how to eat the fish.

In other words, government shut up, do less, and stay out of my business…


Authored by William Robert Barber

At a recent Town Hall gathering Barney Frank delivered a profound communiqué to his constituents: He implicitly suggested that a voter should not trust him or the government. In this specific instance, I am going to take Barney’s advice; after all, he – like Obama – earned a law degree from the bastion of liberal learning, Harvard University. Interestingly, aside from Mr. Frank’s cautionary counsel, both of these attorneys are Democratic elitists. As a consequence, each defiantly believes that on all things material, they know better than their constituents. So let’s all take Barney’s sage advice.

In addition to Mr. Frank’s elitist status he does know how to put on a show; a host extraordinaire, Barney cuts through the audience’s question with vociferous abusive panache. His entertainment is coupled by some pandering, relentless sarcasm, and outright disrespect. Nevertheless, the town hall meeting was great theater; as always, Barney plays the feisty central character in a Gilbert and Sullivan operetta. An operetta wherein he is the producer, writer, cast (naturally all union), and most importantly, he is also the critic.

Now, if Barney Frank was running a for-profit entity instead of an open ended government job, his actions over the last few years would, at the extreme, prompt a criminal investigation or, at the standard, our advisor, Mr. Frank, would be ignominiously fired.

Barney Frank is in his own mind a Paladin legislator; a secular-liberal progressive inspired by his opposition to champion the right of entitlement, regardless of cost or sensibility, from cradle to grave. Considering his self-imposed mission, Barney is, by ideological passion, obligated to realign America as a socialistic state. Barney envisions his role as an enlightened politician amongst a horde of ignorant ignoramuses who do not recognize that he is the way and the light. Withstanding, Barney’s right to form and exploit his political ideology, his years of public service, his belief in his own righteousness; he is in fact, the perfect of the ineffectual, the dysfunctional and chaotic. Barney is a persistent hypocrite, a practitioner of half-truths and disinformation; although a charter member of the Noblesse Oblige, Barney’s political tenure has been purely an ideological endeavor that wholly neglects his obligation to noble service.

Barney is also a choreographer of great political influence. Elected representatives of differing political affiliation have practiced the Barney Frank dance. His dance is a sway timed to the rhythm of disingenuous lyrics. A sampling: That’s not really what I meant, it may sound contradictory but let me assure you, it is not. Yes, I voted for the bill, but not for the reasons expressed, I am against ‘pork’ or paying off special interest via earmarks; but the millions I have added on to the budget (in the dead of night) was vital and critical, I believe in transparency, I am a servant of the people, when I am coached abut town by limo or flown to far off places in a private jet, paid for by taxpayers, I do so in the interest of the people, that’s something that Bush did, and the beat goes on.

Never trust a politician or a government. I say this not in disrespect for either but to insure vigilance; liberty and freedom composite the very ethos of what it means to be an American. Barney’s belief system abates the value of the individual in favor of the collective. His ideology embraces a nation managed by an oligarchy of selected elitist who are politically liberal-progressive, utopian in scope and by means societal, political, and economic dedicated socialist. Barney will trash American traditions of existentialism for his interpretation of the common good; Barney Frank is a dangerous man; regretfully, there are many who drink his brand of poison — one of them being the President of the United States.