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Sen. Tom Coburn (R-OK): “We Have No Leadership”

Posted by Larry Doyle on May 2, 2012 6:28 AM |

I truly appreciate those in our nation who can properly frame the debate which MUST be had if we are to protect our country and the future for our children. I heard just such a man last evening. I compel you to listen to him.

Who is this man?

Senator Tom Coburn, Republican of Oklahoma. He laid out not only our greatest problem but also indicted the corrosive culture in Washington that has allowed this problem to grow. Coburn provides the barometer by which all of our supposed politicos should be measured.

What did Coburn have to say? A lot. Try these on for size…

“If we continue to lie and mislead the American people as to the seriousness and urgency of our problems…”

“If you want to test a man’s character, then give him power….we have failed our character test.”

“The greatest threat to our country is not Islamic terrorism or China or Russia, but is our national debt.”

The clip runs for 7 minutes. The echo and impact of his statements should carry throughout our land. Let’s make that happen.

Please share this clip with your friends, family, and colleagues so we can begin to take back our country and impose leadership on those who have shown themselves incapable of the same. Do not take my word on that….listen to Senator Tom Coburn.

For those who receive my work via e-mail, I apologize that video clips and/or other links are not transcribed in that process. I encourage you to visit the site directly to appreciate this video and others, as well.

Larry Doyle 

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I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

 

  • Ted

    How about Coburn as VP on the Republican ticket?

  • fred

    Career politicians (CP) are the problem.

    Primarily concerned with getting re-elected, they always side with opinion polls, (this is no way to lead a country). Overtime, CPs rise to positions of power and come to view positive change as a threat.

    We’ve got to decide some of these issues on a national ballot rather than a Congressional vote.

    If ‘we the people’ don’t want career politicians why do we provide them with retirement benefits?

  • fred

    LD,

    I believe that the reason most people can’t grasp the enormity of our debt problem is that any number over 1 million is seen as a gazillion, just as in the TV commercial, a gazillion is any number too large to grasp or understand.

    One of my favorite investment manager’s all time, Stanley Druckenmuller. Stanley once said that to make money, in any industry, you had to understand and monitor the key metrics. BUT, the key metrics vary from industry to industry so you can’t use a ‘one size fits all approach’.

    Shifting gears, the world has changed, while we here in America have been partying and sleeping and paying for it with our credit card. We now live in a global economy and the key metrics to attract ‘global’ investment capital are ‘real’ interest rates and our debt/GDP ratio.

    Lucky for us rates and the debt/GDP ratio are expressed as ercentages rather than in gazillions. (we all understand percentages because they determined our letter grades on our school report cards).

    So, to start, we must look at our debt as a percetage of GDP and the Fed must allow interest rates to rise to the inflation rate, this will ensure that everydollar we borrow will be put to its most productive use.

    Research proves that a debt/GDP ratio of 80% is OK while a debt/GDP ratio over 100% is not OK. When over 100%, focus shifts to the interest payment as a percentage of debt.

    When the interest payment on debt approaches 12%, a country is essentially bankrupt. Once bankrupt a country is no longer self-reliant and terms are forced upon it by its creditors (Greece).

    As reported recently at Zero Hedge, our debt/GDP is now over 100%. For comparisons sake, for most of our history the ratio was under 30%.

    It’s time to wake up America, the party is over. It’s time to get our collective asses out of bed and get back to work. In our schools, for our children, lets start by focusing on engineering and science otherwise our children will be best served by learning Mandarin.

    The choice is ours.

    • LD

      Add this commentary to the materials for the write in campaign. You are going to be a shoo in….

  • Pat

    “It’s ok to lose an election in order to fix the country.” If only more of our elected officials felt the same way. Senator Coburn you sound like a leader. We need more leaders like you in order to fix our country.

    • Obsvr-1

      Unfortunately it is the “true leaders” that seem to lose the election, so we lose our leader(s).

      I know it is unrealistic, but I would much rather see our country (We the People) change election behavior such that we could say

      “You will lose the election if you DONT fix our country”.

      • LD

        I think the point you raise is a good one and that is, regrettably, we have got the government that we deserve.

        How smart and truly patriotic are we vs how selfish and shortsighted?

        That is a rhetorical question. Neither smart enough nor patriotic enough and thus we suffer at the hands of those looking for expediency rather than lasting prosperity.






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