Friday, September 10, 2010

A Poem

I keep six honest serving-men
[They taught me all I knew];
Their names are What and Why and When
And How and Where and Who

Rudyard Kipling

Wednesday, August 25, 2010

The Bizarro World of Joe Biden

From the Chicago Tribune, by Mike Memoli, Biden: ‘We’ve seen this movie before’

“For eight years before we arrived in the West Wing, Mr. Boehner and his party ran the economy literally into the ground,” he said. “We’ve seen this movie before, Mr. Boehner. We’ve seen it before and we know how it ends.”

Joe, do you mean the movie where unemployment was only 5.5%? Was that the movie you were talking about?

Biden conceded that the economic recovery was not proceeding as fast as the administration had hoped, but claimed there was “no doubt we’re moving in the right direction.”

Right direction? What are you smoking, Joe? Up is Down, Wrong is Right, it’s Bizarro World and you are in charge. G_d help us!

Under your regimen, National Debt has doubled, we have double digit unemployment, 500,000 new jobless claims announced this week, the Dow Jones on the way to 5,000, and huge tax increases on the way for the producers. This can’t end well.

Never in the history of The United States has there been a more incompetent, crooked and immoral executive branch. In the last 2 years of the Bush Administration the Democrats were in charge of the legislature and single handedly destroyed The United States economy. AND! Democrats continue to destroy the economy at an accelerated rate. It appears deliberate and in my opinion borders on TREASON!

I CAN’T WAIT FOR NOvember

Sunday, August 15, 2010

Obama, Deaf to America

From AOL News, Obama Slammed, Praised for Backing Ground Zero Mosque

Barack Obama has abandoned America at the place where America’s heart was broken nine years ago, and where her true values were on display for all to see,” said Debra Burlingame, a spokeswoman for a group of victims’ families, according to The Associated Press. Burlingame’s brother was a pilot killed in the 9/11 attacks.

No one in America wants a Mosque anywhere near Ground Zero but Americans are getting it forced on them by deaf politicians.

As of this posting there are 8944 comments to the story above. Want to know how Americans feel? Read the comments!

Sunday, August 08, 2010

Quote of the Day

When the righteous are in authority, the people rejoice; but when the wicked beareth rule, the people mourn.

Proverbs 29:2

Obama - Missed the 100 Year Celebration of an American Institution

Obama gave up a once in 100 year opportunity to visit the Boy Scout Jamboree. Instead, he decides to appear on the TV show The View which appears 5 times a week.

Obama sends a Video that is soundly booed, and rightly so!

But neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt. He therefore is the truest friend to the liberty of his country who tries most to promote its virtue, and who, so far as his power and influence extend, will not suffer a man to be chosen into any office of power and trust who is not a wise and virtuous man.

Samuel Adams

Wednesday, August 04, 2010

Ahmadinejad Dodges Assassination Plot

From Yahoo News, By Robin Pomeroy, Iran’s Ahmadinejad survives blast near motorcade

During a speech to a conference of expatriate Iranians in Tehran on Monday, Ahmadinejad said he believed he was the target of an assassination plot by Israel. “The stupid Zionists have hired mercenaries to assassinate me,” he said.

Yeah sure, we want to believe you Mr Iranian President. Face it, if it was the Israelis you would be dead! Most likely it’s one of your fellow Iranians. Perhaps one of your sub-contractors that supplies the Iranian IEDs to your agents in Iraq.

Friday, July 30, 2010

Quote of the Day

raising taxes is the enemy of controlling spending.

Mississippi Governor, Haley Barbour

Thursday, July 29, 2010

A History Lesson, Ignored!

Those that fail to learn from history, are doomed to repeat it. - Winston Churchill

From the American Spectator, by Peter Ferrara, The Timeless Principles of American Prosperity

Several times in the last 100 years, whenever the nation’s economic policies adhered to the timeless principles of economic growth and prosperity, our economy has boomed. When it has departed from those policies, it has fallen into stagnation, or worse.

America today once again desperately needs to return to the timeless principles of economic growth, to restore our traditional, world leading prosperity, and the American Dream. This should be the central argument and theme for this fall’s elections.

Supply-Side Economics, Ignored by Franklin Roosevelt, Ignored by Barack Obama

Last year, the Intercollegiate Studies Institute produced a brilliant, overlooked book that recounted the history of supply-side economics—Econoclasts: The Rebels Who Sparked the Supply-Side Revolution and Restored American Prosperity, by Brian Domitrovic. As explained in that book, the roots of supply-side economics go back to 1913, when the national income tax and the Fed were first adopted. “For restraining the institutions created that year—the income tax and the Federal Reserve—is the essence of supply-side thinking,” Domitrovic writes.

It didn’t take long for trouble to brew. The top tax rate of 7% soared to 77% by 1918. Moreover, the income tax, sold as a tax on the rich, began to apply at just $1,000 in income (equivalent to about $20,000 today). In addition, during World War I, the Fed essentially doubled the money supply relative to the economy. Inflation consequently soared by 84% over the 4 years from 1916 to 1919. The Fed then slammed on the brakes, draining 60% of the excess money, and throwing the economy into steep recession as a result. Unemployment soared to 12%, 50% higher than in any previous recession.

Warren Harding, newly elected President in 1920, appointed the enormously successful Pittsburgh banker Andrew Mellon Secretary of the Treasury, with the duty of fixing the economy. Mellon adopted what became the supply-side economic formula. He slashed the top income tax rate to 25%, and the bottom rate from 8% to 1%, increasing the income level to which it first applied by 50%. Moreover, Mellon led the Fed to stop the money supply drain, return interest rates to standard levels, and devote itself to stable prices. The Fed would look to market price levels, particularly commodities, including gold, for its guide.

The result was the Roaring ‘20s, the greatest boom in American history to that point, essentially beginning the modern American economy. Real output galloped, stock prices tripled, real wages advanced with productivity increases, and prices were stable. “It was in the twenties that Americans bought their first car, their first radio, made their first long distance telephone call, took their first vacation,” as Domitrovic quotes Richard Vedder and Lowell Galloway.

Supply Side Economics replaced by Keynesian Economics lead to the Great Depression

The Depression arose and worsened as America departed from these pro-growth policies. Instead of maintaining stable prices, the Fed allowed the money supply to decline precipitously, even while dollar demand was soaring as the world sought a stable store of value. This created ruinous deflation. Mellon’s tax rate policies were also ruinously reversed, with the top income tax rate raised first to 63%, and then to 79%, with the lower tax rates raised even more in percentage terms. The Smoot-Hawley tariff added another tax burden that killed international trade. President Roosevelt tried to restore prosperity with soaring Keynesian government spending and deficits, which failed miserably as the Depression dragged on for over 10 years. By 1933, unemployment was at 25%, and GDP was down 57% nominally, 22% in real terms.

Read the full article for the complete history of Supply Side Economics.

John Kennedy, Ronald Reagan, GW Bush all applied Supply Side Economics with great success yet the current occupant of the White House is doing the exact opposite and reaping disastrous results. Keynesian Economics practiced by the Democrats, exclusively, have never lead to prosperity and it won’t now.

If the Obama Administration would learn from our history America’s prosperity could be restored. Unfortunately when the Bush tax cuts expire we will face an economic downturn that will rival the Great Depression or worse.

Just remember as I pointed out previously, President Warren Harding faced a worse depression than the Great Depression and recovered the economy in one year using Supply Side Economics. It worked then, it can work now.

Wake up, America! It’s time to clean house! Democrats are unteachable and they have to go.

PS, It wouldn’t hurt to include some RINOS in that house cleaning as well

Wednesday, July 28, 2010

The Next Trillion-Dollar Bailout

From the Heritage Foundation, Ready for the Next Trillion-Dollar Bailout?

CLASS is a new long-term-care insurance program that was inserted into Obamacare so that Congress could raid its $70 billion surplus through 2020 to cover Obamacare’s initial deficits. Like the raided Social Security trust fund, future taxpayers will have to repay that $70 billion with interest when the program falls into deficit later.

“a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.”

Thus, even Sen. Kent Conrad (D., N.D.) admits that Congress has enacted “a Ponzi scheme of the first order, the kind of thing that Bernie Madoff would have been proud of.”

Just another reason Obamacare needs to be repealed, CLASS is another entitlement that America can’t afford.

Era of Government Controlled Economy

Comment to an article on David Rosenberg’s, YOU KNOW YOU ARE IN A DEPRESSION WHEN ... reader B9K9 NAILS the current economic condition.

Who knew laws would be abrogated, criminals rewarded and riches absconded? Who knew centuries old jurisprudence & Constitutional provisions would be discarded as mere inconveniences which were preventing rewarding cronies & political supporters?

dupes, rubes & dopes (um, that would be most of us), made the fatal mistake of bringing a knife to a gun-fight. Never, ever apply logic & fundamental reasoning skills in an environment where the thugs control all the cards.

I’ve learned my lesson - how many others have learned theirs?

That sums up the current environment well!

Friday, July 23, 2010

Obama’s Worse Nightmare

Herman Cain for President

Credentials:
Former president and CEO of Godfather’s Pizza
Former president and CEO of the National Restaurant Association
Former chairman of the Federal Reserve Bank of Kansas City.
Vice president of Burger King
Vice president of Pillsbury Company
A mathematician for the U.S. Department of the Navy, and…
A business analyst for Coca-Cola
He has a bachelor’s degree in mathematics from Morehouse College,  and…
A master’s degree in computer science from Purdue University.

And, Pssttt…. Unlike Obama, he believes in the American Dream, American Exceptionalism and The Unites States Constitution.

What is to become of an independent statesman, one who will bow the knee to no idol, who will worship nothing as a divinity but truth, virtue, and his country? I will tell you; he will be regarded more by posterity than those who worship hounds and horses; and although he will not make his own fortune, he will make the fortune of his country.

John Adams

Sunday, April 18, 2010

Tax Day in New York

Sign seen at a Tax Day rally in Manhattan…

GOVT TAKES         U-KEEP
69.825%                    30.175%
Federal 39.6%       
NY State 7.7%
NY City 3.65% 
FICA 6.2% 
Medicare 3.8% 
Sales Tax 8.875% 

You make it, they take it!

Sunday, March 28, 2010

Obamacare, Spreading The Wealth Around

Fox News - Democratic Senator: Health Care Law to Address ‘Mal-Distribution of Income’

Too often, much of late, the last couple three years, the mal-distribution of income in American is gone up way too much, the wealthy are getting way, way too wealthy and the middle income class is left behind,” he said. “Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America.

Senator Max Baucus (D) Montana

Now The Truth Is Out!

Montana, YOU know what you need to do!

Saturday, March 27, 2010

Quote of the Day

Charity only tends to perpetuate the wretchedness it aims to eradicate.

Wallace D. Wattles

Friday, March 26, 2010

Unsustainable Debt!

The Washington Times - CBO report: Debt will rise to 90% of GDP

President Obama’s fiscal 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years, $1.2 trillion more than the administration projected, and raise the federal debt to 90 percent of the nation’s economic output by 2020, the Congressional Budget Office reported Thursday.

‘The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it’s headed toward $20.3 trillion (more than $170,000 per household) in 2020’

The federal public debt, which was $6.3 trillion ($56,000 per household) when Mr. Obama entered office amid an economic crisis, totals $8.2 trillion ($72,000 per household) today, and it’s headed toward $20.3 trillion (more than $170,000 per household) in 2020, according to CBO’s deficit estimates.

That figure would equal 90 percent of the estimated gross domestic product in 2020, up from 40 percent at the end of fiscal 2008. By comparison, America’s debt-to-GDP ratio peaked at 109 percent at the end of World War II, while the ratio for economically troubled Greece hit 115 percent last year.