Archive for the Politics category.
By Mike Myatt, Chief Strategy Officer, N2growth

It’s been a while since I’ve weighed-in on the political front, and with the recent failure of the Budget Super Committee, I thought it would be an interesting time to examine the difference between statesman and politician. I don’t know about you, but I’m so fed-up with the rhetoric and the gamesmanship in Washington that I’m about ready to give-up on all politicians. Our country was founded by great statesmen, and somewhere along the way we turned our nation over to a bunch of self-serving politicians. While the term political leadership may have become an oxymoron, it is simply impossible to be a statesman and not be a leader…
By Mike Myatt, Chief Strategy Officer, N2growth
Do you know who Brian Deese is? I didn’t have a clue until Monday when I read a very disconcerting New York Times article entitled: “The 31-Year-Old in Charge of Dismantling GM.” Well, Brian Deese is in fact the 31-year old staffer for President Obama referenced in the aforementioned article, and who also happens to be the primary influencer/driver behind the policy decisions now guiding GM. This is normally where my late father-in-law would have said, “no wonder the Russians are ahead.”
By Mike Myatt, Chief Strategy Officer, N2growth
Today’s announcement by President Obama that he will reduce federal spending by $100 million dollars is nothing short of laughable. This move insults the intelligence of all Americans, and is nothing more than a pathetic attempt at pandering and political posturing. In today’s post I’m going to begin by giving you some simple math to consider, while I offer a historical perspective on why both Obama’s strategy and tactics are fundamentally flawed and doomed to fail…
By Mike Myatt, Chief Strategy Officer, N2growth
General Motors fell on its sword today essentially offering itself up for nationalization. In a previous post entitled “Good Money After Bad” I warned of the evils of government intervention into private enterprise, and now I’m afraid we’re about to reap what we’ve sown. Nothing good comes of bailing-out failed entities. The only thing this exercise in frivolity accomplished was to delay the inevitable, and to waste more taxpayer money. The “Financial Times” had a good piece on this sad moment in American history which I would recommend reading.
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By Mike Myatt, Chief Strategy Officer, N2growth
In today’s post I’ll give President Obama a break on his domestic policy, but I cannot give him a free pass on his foreign policy agenda (or lack thereof). I can’t recall a President in modern times who has exhibited more foreign policy naivete than Barack Obama. He has the uncanny ability to make the wrong move, at the wrong time, and in the wrong place. His apologetic statements at the G20, allowing North Korea to launch a long range missile, continuously falling prey to the lulling tactics of Mahmoud Ahmadinejad, bowing to the Saudi King, and giving Hugo Chavez a propagandist photo opportunity are nothing compared to his decision to release “top secret” CIA memos on interrogation methods. In today’s post I’ll explain why this President and his administration are in way over their heads…
By Mike Myatt, Chief Strategy Officer, N2growth

Life is not fair, but our President sure thinks it should be…The willingness to take risk, a solid work ethic, personal responsibility, and accountability don’t seem to count for anything in the eyes of our new administration. Obama’s actions at the G20 summit should be of great concern to all Americans. Taking steps to weaken our position in the world might be politically correct, but it sure isn’t very bright…
By Mike Myatt, Chief Strategy Officer, N2growth
In a BBC interview, Secretary of State Clinton’s Science Advisor, Nina Fedoroff stated: ”We need to continue to decrease the growth rate of the global population; the planet can’t support many more people,” When Fedoroff was pressed further on the subject she responded by saying “There are probably already too many people on the planet.” Fedoroff’s quotes reminded me of one of my late father-in-law’s sayings…he had a phrase he liked to use when something struck him as utterly ridiculous…he would just shake his head and say: “no wonder the Russians are ahead.” In today’s post I’ll examine the relationship between populist theory and fact…
By Mike Myatt, Chief Strategy Officer, N2growth

Rumor has it that President Obama fired GM CEO Rick Wagoner. Actually, the truth of the matter is that the Obama administration “asked” Mr. Wagoner to step down, and he agreed to do so. This was all part of President Obama’s auto industry plan announced today, which was largely based upon the recommendations from the Presidential Task Force on the Auto Industry, headed by guess who…the Treasury Department. My question is this…what the h*ll does the Treasury Department know about the automobile industry, and why is our President firing (or coercing to resign) a private sector CEO? In today’s post I’ll share my thoughts on this disturbing turn of events…
By Mike Myatt, Chief Strategy Officer, N2growth
Do today’s inaugural events resemble change or more of the same? Call me crazy, but while I wish President Obama all the best, I cannot for the life of me understand $175 million dollars being spent on his inauguration during this time of financial crisis. This is not change, but it is just more of the same on steroids…On election day I vowed to lend my support to the new administration for as long as it was earned. I stated that we all must now hope for great things from our new President, but we must also hold him accountable to uphold the standards of the office he holds and the country he represents. Not to be a party-pooper, but it’s time for my first accountability call…
By Mike Myatt, Chief Strategy Officer, N2growth
Good money after bad…this is perhaps the most apropos description of the current proposal to bailout the big three US auto makers. Have we learned nothing? Are we again going to let fear mongering subject us to more flawed decisioning? The lack of management and accountability for the trillion dollar government bailout of the mortgage and finance industry has been nothing short of amazing to me. Do you sincerely believe the appointment of an “auto czar” and the submission of business plans is going to make a difference? I don’t; it’s simply more political gamesmanship, more of the same, and will result in nothing more than throwing good money after bad. In today’s post I’ll share my thoughts on the auto bailout…