Commencement '09

[kswan47252]

you hit the nail on the head

[revacohen]

The spoiled brats of America were the ones who put Obama in office. Now I know who the people who voted for him were.

[katseye888]

The college indoctrinated group, the 25 yo & under "entitled" group, & MSM propaganada of the likes unseen since Nazi WWII era.

Most grievous is what I'm hearing from the 30 & under group. They're publically, fervently, & loudly applauding Socialism & condemning Capitolism as a great evil responsible for every national ill. At first I thought it was a few nuts. Now pro-socialism is common & accepted as a good thing, while capitolists are accused of being archiac, evil, ruinous, & villians.

[redcollargedeon]

So graduates of 1934 were entering a pleasant and stable world? Joe Biden has nothing to say.

[BlackAndRight]

Now, he wants to take over health care even though he doesn't know what kind of DVDs to give to a PM in Britain, can't answer questions at a press conference without reading the answers off a prompter, among a long list of other paux pas the rest of the world is laughing at.

Puhleez!

[BlackAndRight]

And in the four months since Obama's been president, he's taken over the banking system (while having no finance experience), taken over part of the auto industry (while having no automotive experience), discovered that W. had reasons for doing some of the things he did (and thus broke his promise to remove them) and that must really piss you off.

[wervasdeferens]

I'm not too thrilled at a lot of what Obama is doing,but this economy started to rot long before he got in.

The same Fed/Wall St. guys who ran Bushes economy run Obama's,so what's the problem?

Geithner,Summers,Bernanke,Gree­nspan,Paulson.

"Meet the old boss, same as the new boss".

Bob, The problem is that those pampered kids you're talking about in your clip,have been in charge of things for quite some time. It just didn't happen overnight.

[BlackAndRight]

Actually, the pampered kids I was referring to are the under 25 set that got in my face (website) and may others, pushing back in a very rude fashion, simply because we didn't see Obama as they did.

Now, if anyone can convince me that John McCain (and that was a hold-the-nose vote) would have done what Obama has, I'd be very surprised. Also, there was a great piece about how the media who loves Obama, would react if a President Palin did EXACTLY the same things.

[wervasdeferens]

I agree on both points.

The Media is definetly in the tank for Obama. But they are also calling him out on things like, Afghanistan,the torture photos,withdrawl out of Iraq, basically just continuing Bush's policy on war related issues.The Libs don't like it, but they're giving him a pass on the domestic stuff.

Also, I was referring to the "Me generation", kids who grew up since the '80's.

Instant gratification over delayed. You know,the kids who now work on Wall St. and elsewhere.

[wervasdeferens]

"Now, if anyone can convince me that John McCain (and that was a hold-the-nose vote) would have done what Obama has, I'd be very surprised"--Bob

Let me see, GM gone, Chrysler gone,Bank of America gone, Citibank gone,,Wall St. gone, America GONE.

Let the market decide the winners and losers, yeah right. "Let 'em fail"

Hey Bob, God loves Conservatives like a parent loves a special needs child, Yeah, so they screw up a lot, still gotta love 'em.

LOL!

[samuils]

wervasdeferens Who told you that those companies that fail have simply disappeared. Read about a giant called "Lehman Brothers" With Obama in the house they failed, and dint disappear, as it happens with any company that fails, the productive parts of that companies are bought out, and those segments that lose money go into the history books.  So yes let the free market decide, instead of gvt, that buys out failed companies who now waste taxpayers money instead of restructuring. You get F-

[wervasdeferens]

samuils,

How many times does history have to repeat itself, in order for you Laissez Fairians(Fairies?) to understand economics?

My comment about the banks and auto industry is industry specific, it's not the same as a Montgomery Ward going out of business.

The Lehman fiasco was perpetuated by Good ol'boy shenanigans of Hank Paulson and Goldman Sachs.

The reason behind all of it was Gramm Leach Bliley,more Laissez Faire deregulation.

I get an F-,?

Your Ayn Rand philosophy is the failure!

[samuils]

wervasdeferens Ok lets look at my failed philosophy. Japan has tried Your philosophy of bailouts and suffered a very long period of economic downfall. Zero companies were bailed out during IT bubble burst, yet through Clinton era we had zero deficit spending and no hard recession to speak of.

[samuils]

wervasdeferens So tell me how Laissez-faire (no intervention from Gvt) Is equal to Freddie and Fenny (a gvt extension) being involved in subprime landing. How is it not gvt. Intervention when FDIC is insuring deposits, thus allowing banks to be irresponsible with investments. Mind telling me where exactly there was no intervention from gvt. Considering that all gvt. did is poke its nose into private sector, insured its downfall, then people like you followed along blindly.

[samuils]

wervasdeferens Oh and lets not mention the fed reserve that creates economic bubbles in the first place. So how many examples do you need before you stop allowing yourself to be hoodwinked into government expansion? They are already saying that that is what they are doing, and that free market doesnt work. Mark my words, soon the phrase Capitalism doesnt work will follow (that is after Obama signs G20 agreement, spreads USA wealth to other nations, of course)

[samuils]

wervasdeferens And as far as your comment about Lehman Brothers, when have I asked who was the perpetrator in the fiasco? It was an example of how free market works, and what happens to failed companies. As in parts of it were bought out.

[samuils]

wervasdeferens And by the way, why do you automatically assume that I promote a Laissez-faire approach? No, as the matter of fact quite the opposite, I do indeed am for a do something approach, but rather stimulating the part of the economy which in the history of US economic downfall has proven to be the strongest vehicle for recovery, which is small businesses, and NOT giant failed corporations

[wervasdeferens]

samuils, I fully understand The Fed's role in monetary policy,inflation,bubbles,etc. I also know that the Fed is more of a private institution than public.

We don't disagree on much, other than your incessant need to put the blame on the government.

When in fact what led to this current debacle and the 1929 debacle was "getting government out of the way".

[wervasdeferens]

(cont)

The problem with deregulation and allowing these behemoth mergers and near monopolies, is that they indeed become "too big to fail".

Why are Health insurance cos exempt from anti-trust laws?

There's no difference between govt inefficiencies and private. In order to cover, one raises taxes and the other raises consumer prices.

Either way we're screwed, but at least there isn't a govt bureaucrat making $20 million a year , while he's bending you over.

[wervasdeferens]

samuils,

Lastly, What Fannie and Freddie did was connected to the crap allowed in the finacial sector by repealing Glass-Steagall.(Gramm/Leach/Bl­iley Act 1999)

The Community Reinvestment act was from the 1970's, it can hardly be blamed.

The sub-prime market was profitable.

The housing bubble and burst came about because of the casino-like atmosphere of speculation and greed.

(See: derivatives,CDS)

A direct result of loosening regulation and inept/corrupt regulators put in place by Bush.

[samuils]

wervasdeferens Are you not aware, that banks are forced to land to non eligible people? Simply to comply with "fairness" Government forces banks to land to those who shouldnt qualify, and then once again we blame free market?

[samuils]

wervasdeferens I agree that health insurance companies are almost monopolies , BUT the question is why? It is a fact that for some odd reason the government isnt allowing them to compete between states. As well employers buying insurance at a wholesale with tax deductions, instead of each person. Again with government restrictions, there is NO true competition, yet you blame competition which barely exists

[wervasdeferens]

Profits at 10 of the countrys largest publicly traded health insurance companies rose 428 percent from 2000 to 2007, while consumers paid more for less coverage.

In the past 13 years, more than 400 corporate mergers have involved health insurers, and a small number of companies now dominate local markets but havent delivered on promises of increased efficiency

sam, mergers "Buying out the competition",is the nature of the beast called Capitalism. Only govt can tame it.

[wervasdeferens]

As far as the CRA and forced lending,

I agree, but if they were forced to lend, why would they then take advantage and charge "the unworthy" more than a creditworthy person?

Why jack up the rate and put people in ARM's, if they are already shown inability to pay?

The greed of the banks was their own demise. Again the nature of the beast..

Capitalism has to be tightly regulated, in oreder to keep it from eating itself like a cancer.

[katseye888]

Correct on all points. I vividly recall cars being keyed that had McCain/Palin stickers on them. GOP signs pulled down and property defaced.

McCain was absolutely a hold-the-nose vote. If it was Clinton vs. McCain, I would've sat it out - until Palin came on board.

These "25 yo's & under" are in good part responsible for this. They voted in ignorance. Remembering them being interviewed, they thought Palin was the one who made the "57 state" remark. They understood/understand NOTHING!

[Deleanredtiger]

Where did they come up that Palin made that remark? It's like they never read the facts.

[theshaggyshow]

REPLY TO Deleanredtiger : democrats don't know how to read...

[BlackAndRight]

WalMart became our single private employer years ago because they sell goods people want at a price people can afford. Something you seem to have a problem with. Oh, and people seem to like working for them.

"We live in the information age. You just can't make stuff up anymore."

[wervasdeferens]

WalMart sells cheap Chines products to the detriment of the American worker.

Conservatives need to make up their minds. Put your country and it's people first or your bottomline. Greed has it's place,but these multinational millionaires put the emphasis solely on more profit.

WalMart forces it's suppliers to sell to them cheap, I understand we're a global economy,so capital will find the cheapest labor. Supply and demand,right?

To hell with Americans,I needs my Yacht. LOL

[wervasdeferens]

I don't get it. Kids buying stuff they don't need is greed on their part. And buying stuff is capitalism defined.

Jobs? Weren't they already tanking under Bush? We lost our manufacturing base to China decades ago. WalMart became this nation's largest single private employer years ago.

Obama has been in office for 4 months and all of this is his fault?

Puhleez!

We live in the information age, I think that's what you conservatives fail to comprehend. You just can't make stuff up anymore.

[BlackAndRight]

Until Democrat candidates started talking down the economy to differentiate themselves, the economy consistently grew. Under W., there was a 52-month expansion in GDP.

"We live in the information age. You just can't make stuff up anymore."

We lost our manufacturing base because employers are in business to make profits. When they get taxed and/or over-regulated, they move.

"We live in the information age. You just can't make stuff up anymore."

[wervasdeferens]

Bob, I like you, you actually put real meat and bones on your arguments. For the most part I agree with you on social issues. But as far as economic and fiscal policies go conservatives screwed the pooch. "52-month expansion in GDP"

Built on what exactly?

Credit, Home equity loans,negative savings rate,artificially low interest rates,stagnant wages,Chinese imports?

"When they get taxed and/or over-regulated, they move."

Cheap labor and Profit margin means more than country?

[FrogKillr]

Absolutely right on, Mr. Parks!!!

[XiaoFury]

Good vid

[kswan47252]

Amen to that, Bob. I also know many young folks who drooled over Obama and now wonder why they can't get one of those nifty refinances on their home they can't afford JUST because they have a job. And to the youngun below who says WE have social security, I say HAH! I know people who live off social security and you CAN'T. We have to rely on our own pension plans which just TANKED.

[nmckeown101]

Thank you, Bob. Simply brilliant.

[BillMonarch]

Brilliant! I have several younger friends and relatives that could stand to listen to this one.

[itachi705]

Hey Bob, I'm only 19, but I have a job and buy my own stuff. I do realize, however, that many of my peers are overtly spoiled and don't like to take personal responsibility, but I hope you realize not all of us are like that. I frequent your site every day, and I'm not ashamed to say you're one person I look up to.

If you're reading this, you should check out Steven Crowder, he's a young guy like me but he does a good job of getting the conservative message out to the young masses. Great vid.

[bertly71]

They got what they voted for, Socialism and big government. Now they get to pay for it while they live at home.

[zerofitz]

At least you'll get social security....key word there is social. A government program for everyone, thus a socialist program. So that being said we have socialism already in place in our government yet for some reason we spend billions for fighting wars and saving people from diseases in other countries but god forbid we actually take care of ourselves with socialist programs. It's just stupid to think that it's better to help outside of our country with our money than to help each other.

[bertly71]

I understand your point and it is well taken. There is this part of me that likes to see justice delivered to the bad guys all around the world but we also need to understand our limitations, financially and otherwise. Our budget is over 2/3 entitlement programs already, how much more should we add to that or cut from discretionary spending? I dont know. I do believe the government should live within its own reciepts and not run deficits.

[holugu]

Social security... that ponzi scheme is cooked, stick a fork in it. The millennials won't inherit any of it as the boomers are sucking it dry already, but they would live under a back-breaking debt. It will be slavery in all its form but its name. And if they are not careful and don't gather their wits before too late, they will pay jiziya tax on the top of it.

[ArmoredSheepdog]

Thanks Bob!

[LokiScoutSniper]

Obama mulct the American citizens. I'm glad my bad decisions in life made me realize the importance of self-reliance. In that I understand I don't need a bloated government's help. And neither does the yes we can generation.

[DrinkingWithTim]

Agreed. I have learned so much from my mistakes (misinformation), and am just beginning to get my priorities straightened out.

[LokiScoutSniper]

Thanks and I'm far more happier for it. I just hope the rest of our generation wakes up a smells the coffee. 9 to 5 and paycheck. And I hope the money doesn't burn a hole in their pockets they may need the savings someday, instead of telling the government take from them I screwed up.

[rtkrenn]

AMEN!

[freetoseektruth]

These kids have grown up with Starbucks, Cable TV, i-pods, DVDs, Cell phones, PC's, youtube, Facebook, twitter, 24/7 news etc etc,

Overschedulted to the point of NON spontenaiety!

I don't see kids out playing sports on the neighborhood playgrounds anymore because these kids have grown up EVERYTHING being SCHEDULED for them.

There is a vacancy of thought with these kids. A narcissism that's disturbing.

[Texcentric]

Bob putting the hammer down. 5 stars.

[gismotech]

right as always Bob

keep it up.

My kids all had to work once they were old enough and buy those extras themselves

and Gee they are all doing fine and all hard workers.

the young need to earn what they want, nothing is free

[usgop]

Excellent comentary Bob!

[Vader12Tater12]

as a senior in high school, I agree with you're econmic perspective of the recession.

but I don't get what 'spoiled' teenagers have to do with this. I come from a military family so maybe I dont' see this as much, but my dad made me save up to by an xbox, etc. When i got a scratch I on the car, he made me pay the deductibule AND the rest of the bill..... so are you saying that this has help me to support McCain in the recent election???

[BlackAndRight]

With all due respect, Vader... did I say "all"?

[Vader12Tater12]

ah.... sorry, just caught up in the 'critique'

[LeGioNoFZioN]

you appear to be the exception to the rule, but being young myself, I happen to agree with Bob 100% .... wish I had said that myself as articulately and clearly but that is why Bob makes videos and I just comment on them.

[freetoseektruth]

So many of the young people here on YT fits this template, EXACTLY!

Time for the REAL world, liberally trained sheeple!

[bookhound63]

Excellent! Wow Bob you are exactly right! I've never heard it said better. This goes in my favorites.

[islamsuxs]

Right on Bob ! doughboy