Is anyone else getting fed up with the absolute incompetence of the Washington elite? How about the utter hypocrisy of the Obama administration or the unspoken double standards applied by the mainstream media?

Barely two and a half months into this new Presidency, it’s starting to feel as though we’ve stepped through the looking glass into a surreal underworld of socialistic idealism - some sort of parallel universe where Schrodinger finds himself in the box while his cat plays dice with the lunatics running the asylums. Each new day brings another shocking development and I think surely this will not be tolerated by the American people. Will we continue to sip Soylent Green with the Mad Hatter’s in Washington or will the tea party that awaits us bear closer resemblance to the Bostonian resentment expressed by our founding fathers?

After denouncing the excesses of American life during the election:

We can't -- drive our SUVs and you know, eat as much as we want and keep our homes on you know, 72 degrees at all times, and whether we're living in the desert or we're living in the tundra, and then just expect that every other country's going say OK.

President Obama has apparently decided that such admonishments were only applicable to the great unwashed masses that exist outside the gates of luxury. After a lavish $170 million dollar inauguration, Mr. Obama has brought his own brand of climate change to the White House as senior advisor David Axelrod states, “He’s from Hawaii, O.K.?  He likes it warm. You could grow orchids in there”.

You’d think there must be a couple of sweaters left over from the Carter administration somewhere in the White House?

Lavish cocktail parties and exorbitant dinners of Kobe beef ($200 for a 10oz. steak) are now the norm for the Washington insider’s club as Larry Klayman of Freedom Watch comments:

Barack and Michelle Obama have been throwing taxpayer funded parties nearly every night with their 'friends' and supporters, with Michelle Obama even exhorting them not to 'break' White House property.

It was right to criticize corporate execs for using taxpayer bailout money on bonuses and corporate junkets. In the face of this criticism, it is an outrage for Barack and Michelle Obama to party on, as Rome burns.

In between chants of “play Nero play”, Congress quietly slipped a nice little pay raise through for themselves shortly after Christmas as noted by Tom Schatz of Citizens Against Government Waste:

If Congressional leaders believe that the taxpayers should gives pay raises to this rogue’s gallery of ineptitude and venality, they ought to step away from the spiked egg nog.

Even as Acorn’s “rent-a-mob” masses were bussed into Connecticut amidst great media fanfare to protest the AIG bonuses, thousands have been gathering at symbolic tea partiesacross the country to show their disdain for Washington’s uncontrolled actions. The press coverage of these protests has been sporadic at best but massive gatherings are being planned in every state for April 15^th  - probably in a town near you.

As President Obama and congressional leaders feigned outrage over the AIG bonuses, our Treasury Department quietly monetized more than a trillion dollars of our national debt. Stop. Think. Resist the temptation to pound your head against the faux marble pillars of government tyranny. The Fed has just printed a trillion dollars to buy the debt of our Treasury Department. Dumping truckloads of worthless cash into the system is a short term fix that will only magnify our financial woes down the road – the same dead end road Zimbabwe recently traveled down with most of Europe tailgating close behind.

President of the European Union, Prime Minister Mirek Topolanek recently commented on the latest actions of the Obama administration stating,

All of these steps, these combinations and permanency, is the road to hell. The United States did not take the right path. 

Watching our downward spiral from afar, foreign investors are pulling out of the U.S. faster than you can say I-O-U and countries such as China and Russia are now calling for the implementation of a new global currency system as the United States has voluntarily relinquished its role as the world’s “gold standard” of financial stability.

The continued hypocrisy of our elected officials is unbelievable. In 2008, which Senator received the most money from AIG? Senator Obama. The number two recipient? Chris Dodd – the same person who blatantly lied about his direct intervention to ensure that the AIG bonuses were grandfathered into the stimulus bill, but later confessed that the Treasury Department had specifically asked him to safeguard executive bonuses in contracts signed before the bill’s passage.

Although we were promised at least five days to review all new legislation, the “stimulus bill” was uploaded late at night with less than 24 hours before the vote. Perhaps if our congressional leaders actually read legislation before voting (particularly when it has ramifications that will last for decades), they would have a better understanding of what they’re talking about.

Apparently we’ve been told to be outraged over $165 million in AIG bonuses but what of the $170 billion (with a “B”) given to them in the first place? Readers will remember that AIG “was too big to fail”.   Their collapse would have a cascading effect on the entire banking industry starting with financial giant Goldman Sachs. As it turns out, Goldman Sachs did not even need the money as their chief financial officer David Viniar has commented recently.

So who were the top beneficiaries of AIG bailout funds?

As outlined in a previous post, despite repeated campaign promises of change, our new President has surrounded himself with a cabinet of tax cheats, admitted Socialists and a host of politicians that seem to harbor outright disdain for our constitution. Despite the administration’s repeated alarmist cries about the dire state of our economy, nearly 20 vital treasury cabinet positions remain unfilled and this is the sort of farcical ineptitude our “brightest and best” are displaying?

I can see it now.. Hey Abbott, Who’s in the Treasury? What’s in that bill and Why do we care? All kidding aside, in less than 3 short months our government has successfully initiated an unprecedented power grab of truly monstrous proportions. It seems to be growing at an almost exponential rate and may soon overwhelm all future attempts at restraint.

In less than 90 days, the government of the United States of America has now deemed itself to be justified in limiting the salaries of private citizens. Our greatest Congressional minds thought little of imposing a 90% taxation rate upon those in the crosshairs. Our exalted leaders have begun to nationalize American businesses hand over fist and now want the ability to seize businesses outright in the event that they do not measure up to the governmental standard of the week. What country are we living in?

According to the Washington Post:

Treasury Secretary Timothy F. Geithner today told Congress the administration will seek unprecedented power to seize non-bank financial companies..

Besides seizing a company outright, the Treasury Secretary could use a range of tools to prevent its collapse, such as guaranteeing losses, buying assets or taking a partial ownership stake. Such authority also would allow the government to break contracts..

From the same article, White House spokesman Robert Gibbs states that the administration is seeking "resolution authority to go in and be able to change contracts, be able to change the business model, unwind what doesn't work".

If that’s not enough, in a weak attempt to demonstrate their new aura of authority, the government has “asked” Rick Wagoner, CEO of General Motors to step down after 30 years with the company.

According to Politico,

The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.

When questioning Treasury Secretary Geithner during a Congressional hearing, Rep. Donald Manzullo (R) of Illinois offers us the following exchange:

Manzullo: Do you realize how radical your proposal is?

Geithner: It's not a radical proposal.

Manzullo: Oh, this is absolutely -- you are talking about seizing private businesses, and you don't consider that to be radical?

If that’s not enough, despite the constant campaign rhetoric criticizing the runaway spending of the previous administration, President Obama’s new budget will saddle this country with an unprecedented 10 trillion dollar deficit.

At what point will the media wake up and start doing their jobs? As I continue to watch these events unfold, I can’t help but wonder what sort of unrelenting front page coverage we’d be seeing if George Bush was still in office.

What would the press be saying about Mr. Bush had he compared his athletic ability to that of a Special Olympian? What if Secretary of State Condoleezza Rice had flown overseas to present Russian President and Putin protégé Dmitry Medvedev with a giant red button? Aside from the fact that the intended word “reset” was translated incorrectly to “overcharge”, the idea in itself is ludicrous.

Our new administration’s treatment of British Prime Minister Gordon Brown was disgraceful to say the least. Perhaps both our last and greatest ally, Britain deserves more than excuses and cheap dvd’s that won’t even work in their country.

With recent polling data showing Mr. Obama’s approval rating dropping below that of George Bush at an analogous point in his presidency, I feel there’s still “hope”. The clock is definitely ticking and I fear that the deliberate and calculated erosion of this country’s capitalistic foundation, as well as our fundamental rights and freedoms as human beings may be reaching a tipping point from which we may not easily recover. If we continue to sleep much longer, we will undoubtedly awaken to a brave new world order that will bear little resemblance to the life we’ve known previously as Americans.

Perhaps there’s still “hope” but I fear that the deliberate and calculated erosion of this country’s capitalistic foundation, as well as our fundamental rights and freedoms as human beings may be reaching a tipping point from which we may not easily recover. If we continue to sleep much longer, we will undoubtedly awaken to a brave new world order that will bear little resemblance to the life we’ve known previously as Americans.