Thursday, March 05, 2009

C L U E L E S S

From the New York Times, For Young President, Flecks of Gray

Rome is burning and they are concerned about GRAY HAIR!

TYPICAL, JUST TYPICAl!

Wednesday, March 04, 2009

Obama’s War On Capitalism

Morris - Waging War on Prosperity

Kerpen - Obama’s Scary Hoover-Style Tax Hikes

Blankley - Obama Lied; the Economy Died

Dick Morris from Townhall.com, Waging War on Prosperity

President Lyndon Johnson’s administration was known for his War on Poverty. President Obama’s will become notable for his War on Prosperity.

We’re speaking, of course, of Obama’s plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He’s not just raising the top rate to 39.6 percent; he’s also disallowing about one-third of top earner’s deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.

Phil Kerpen from Fox News, Obama’s Scary Hoover-Style Tax Hikes

The composition of the tax hikes in the 2010 budget is frighteningly similar to the Revenue Act of 1932, the much-maligned Hoover tax hikes that put the “Great” in Great Depression by putting an enormous tax burden on millions of Americans, largely through excise taxes. These taxes, raised even further by FDR, were justified by the promise that the funds would be returned in the form of relief programs, which is to say that some portion of the tax revenue, after administrative costs in Washington, would go back to the states with strings attached, often to further political rather than economic objectives.

Despite President Obama’s promise that “If your family earns less than $250,000 a year, you will not see your taxes increase a single dime. I repeat: not one single dime,” his new budget raises 45 percent of its revenue from energy taxes that will be paid by everyone who fills a gas tank, pays an electric bill, or buys anything that was grown, shipped, or manufactured.

If we continue down a path of repeating the policies of the 1930s we risk a repeat of the same results. Let’s hope Congress has the good sense to say no to these Hoover-style tax hikes.

Tony Blankley from the Washington Times, Obama Lied; the Economy Died

“My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. As you can imagine, this is a process that will take some time. But we’re starting with the biggest lines. We have already identified $2 trillion in savings over the next decade.”

But, lamentably, a few days later, The Washington Post reported: “A senior administration official acknowledged yesterday that the budget does not contain $2 trillion in spending cuts over the next decade. Instead, the figure represents Obama’s total efforts at deficit reduction, including tax hikes [of more than $1 trillion] on families making over $250,000 a year. It also includes hundreds of billions of dollars ‘saved’ by not continuing to spend $170 billion a year in Iraq.”

Only a big government man would think of calling a trillion-dollar tax increase a spending cut or “saving.” Technically, of course, it is true. A trillion-dollar tax increase will reduce spending by a trillion dollars for those private citizens who were taxed. And, from the perspective of the federal government, a trillion dollars taxed is a trillion dollars saved from the greed of the taxpayers who produced the wealth

Tuesday, March 03, 2009

Buchanan Says It’s Pitchfork Time

What would happen if millions of Americans showed up in Washington DC armed with pitchforks? You know the answer. Mass imprisonment. Gitmo would stay open for years.

On the other hand how much longer can the country stand by while the Obama administration and the Democrats deliberately destroy the United States economy? Are we willing to accept economic imprisonment? That’s what we are getting.

When do the actions of Obama and company meet the definition of a conspiracy? It sure looks to me that they are out to destroy the United States and everything we stand for.

From Pat Buchanan - Pitchfork Time

In his campaign and inaugural address, Barack Obama cast himself as a moderate man seeking common ground with conservatives.

Yet, his budget calls for the radical restructuring of the U.S. economy, a sweeping redistribution of power and wealth to government and Democratic constituencies. It is a declaration of war on the Right.

The real Obama has stood up, and lived up to his ranking as the most left-wing member of the United States Senate.

Markets are not infallible. But the stock market has long been a “lead indicator” of where the economy will be six months from now. What are the markets, the collective decisions of millions of investors, saying?

Having fallen every month since Obama’s election, with January and February the worst two months in history, they are telling us the stimulus package will not work, that Tim Geithner is clueless about how to save the banks, that the Obama budget portends disaster for the republic.

The president says he is gearing up for a fight on his budget.

Good. Let’s give him one.

From a read of the comments in Pat’s article I think a sleeping giant may be stirring.

Wake Up America

Monday, March 02, 2009

Raising Taxes During a Recession? Crazy!

What happened to the empty promise of tax cuts for 95 percent of Americans? Now we hear that the Obama Administration plans to raise taxes big time.

I wish to remind the new administration that the last guy to raise taxes during a recession was Herbert Hoover. How did that work out, mister president?

Sunday, March 01, 2009

The Stimulus Plan, A Graphic of it All

The Washington Post presents an analysis by the Congressional Budget Office…

Taking Apart the $819 billion Stimulus Package

Interesting to note, $100,000,000,000.00 are tax credits, (welfare payments) to Americans that don’t pay taxes.

Remember what Margaret Thatcher said, “The problem with Socialism is that you eventually run out of other people’s money.” Taxes should be collected to fund government not to give a “refundable tax credit” to a portion of the population that doesn’t pay taxes.

This is insanity!

How long can you take from the producers and give to the non producers before our whole economic system collapses?

Monday, November 24, 2008

Gasoline, $1.37 in Houston, TX

WOW

Gas from $1.34 to $1.37

A Gallon

The cheepest places in the US to buy gas were Webster TX, Independence, MO and Graniteville, SC

From almost $4.00 to $1.34 a gallon once the election was over. Was oil manipulated to destroy the United States economy in the run up to the election. I am highly supicious.

Thursday, November 06, 2008

Did They Push The Economy Too Far?

What if the Democrats and the Lame Stream Media manipulated the economy down for an election advantage and they pushed too hard?

I don’t see the economy having a post election bounce. Do you?

What if it can’t be recovered?

Sunday, October 12, 2008

Another Reason to Drill Here, Drill Now

Some Islamic Cleric said “Replace capitalism with Islamic financial system.”

The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up,” said the Egyptian-born, Qatar-based cleric. “The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength,” he said at Sunday’s opening of a conference on Jerusalem.
“All riches are ours… the Islamic nation has all or nearly all the oil and we have an economic philosophy that no one else has,” Qaradawi said.
He urged Muslims to “profit from the crisis to bring about the triumph of the (Islamic) nation, which holds the spiritual and material resources for victory.”

As far as I’m concerned Energy Independence is a keystone of National Security. Don’t try to tell me that Islam is our friend. The evidence just isn’t there.

Drill here, drill now is an easy way to keep 700 billion dollars out of their hands.

Ohio, ACORN and Voter Fraud

AKA “GOP Voter Suppression.”

It has become obvious in the last few weeks that ACORN is involved in massive voter fraud in all the battleground states. Not just in Ohio.

Joshuapundit posts this article, Voter Fraud Triumphs In Ohio.

Looks like the fix is. Ohio allows registration and voting on the same day without proof of identity whatsoever and no purging of the voter roles backed up by a hasty ruling by the Sixth Circuit Court of Appeals.

From the ruling......

A federal appeals court ruled 2-1 last night in favor of Secretary of State Jennifer Brunner to put on hold an order sought by the Ohio Republican Party involving information about new voters and concerns about potential fraud.

The three-judge panel of the 6th U.S. Circuit Court of Appeals said Brunner is not required to provide county elections boards with the names of voters whose personal information does not match state motor-vehicle or federal Social Security records, as ordered Thursday by U.S. District Court Judge George C. Smith of Columbus.

Joshuapundit concludes….

The 6th Circuit’s ruling was rushed through before the entire Court had the chance to review the case, and was based on the quaint idea that the Ohio waited too long to challenge this and that this “late-game litigation”.

That’s roughly equivalent to the idea of letting a thief go because you caught him in the act when he was almost done burglarizing your house…especially considering that Ohio just started its early voting period.

Barring a Supreme Court reversal, what will happen, just like with Obama illegal foreign campaign contributions is that this will go to the FEC after the election, which will make a recommendation to the Justice Department as to whether to prosecute or not. Assuming the FEC does recommend prosecution, an Obama appointed Attorney General will decline to do so, on the grounds that after looking at the facts, he or she has decided that any fraud would have no effect on the results.

It’s no wonder that the Stock Market is tanking. Just the thought of what a Obama, Pelosi, Reid Administration will do to the economy is staggering.

Wake Up America!

I hate to say that John McCain is our only hope but the alternative will extinguish freedom and liberty forever. Maybe even extinguish The United States.

Fight John, FIGHT!

Friday, October 03, 2008

The Bend Over America Bailout   700,000,000,000 $ Plus Pork

If you want the Democrats to pass a bill of this magnitude it’s going to cost you another 150,000,000,000 on the already burdensome 700,000,000,000 Economic Bailout Plan requested by the Treasury Secretary.

You have to ask yourself, why are the Democrat Congressional leadership smiling. If you want to know how it happened you should tale a look at the video below.

The Democrats are guilty as sin! They are smiling because they are blaming it all on the Republicans which is a LIE!

What’s in it? Declan McCullagh from Cnet News has this article Bailout bill loops in green tech, IRS snooping.

Thursday, September 25, 2008

Buried in the Economic Bailout Plan…............Reid to Renew Oil Shale Ban

Since 1981, the United States Congress have placed a rider on the annual appropriation bill to block exploration and development of our nations natural resources. The Democrats has now allowed the rider to expire on October first. This is great news. If you read the AP article Analysis: Democrats absorb a defeat on drilling by Associated Press Writer H. JOSEF HEBERT, describes the defeat including Nanci Pelosi attempt to prevent drilling within 50 miles of our shore. The Oil we need is located withing those 50 miles. Pelosi Failed.

Now here come Harry Reid with his attempt to back-stab America.

According to United States Senator Jim DeMint’s blog post, Reid to Renew Oil Shale Ban, Deny Americans Vast Energy Resources During Economic Crisis, Harry Reid doesn’t want our nation to become energy independent and tries t back door a ban on exploration.

Here is the text of Reid’s proposed new ban on oil shale, that he is trying to add as an amendment to the CR or move seperately as a “stimulus” package, or we should say an anti-stimulus package if this is included.

Sec 1602 continues ban on oil shale. The language follows:

SEC. 1602. Notwithstanding any other provision of law, including section 152 of division A of H.R. 2638 (110th Congress), the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009, the terms and conditions contained in section 433 of division F of Public Law 110–161 shall remain in effect for the 19 fiscal year ending September 30, 2009.

It would be an insult to all Americans if Senate Democrats worked to bailout Wall Street while damaging our future prosperity by banning development of vast energy reserves in oil shale.

Harry Reid is the Senate Majority Leader and could not give a rats behind about reducing our dependance on imported oil.

Thursday, September 18, 2008

Democrats Directly Responsible for Economic Meltdown

The Democrats and a handful of Republicans, (can you say RINO, I’ll bet you can), are directly responsible for the economic meltdown. According to a Investment Business Daily editorial, Congress Tries To Fix What It Broke, they place the blame where it is deserved. Squarely with the Democrats.

“A visibly annoyed House Speaker Nancy Pelosi rejected suggestions that Democrats share blame for the meltdown. “No,” she snapped at reporters who dared ask.

Stick to our narrative, she scolded: The bursting of the housing bubble was another story of market failure and deregulation.

“The American people are not protected from the risk-taking and the greed of these financial institutions,” she said, while calling for investigations of the industry.

Only, the risk-taking was her idea — and the idea of all the other Democrats, along with a handful of Republicans, who over the past 30 years have demonized lenders as racist and passed regulation after regulation pressuring them to make more loans to unqualified borrowers in the name of diversity.

They were the ones who screamed — “REDLINING!” — and sent banks scurrying for cover in low-income neighborhoods, where they have been forced to lower long-held industry standards for judging creditworthiness to make the subprime loans.

If they don’t comply, they are threatened with stiff penalties under the Community Reinvestment Act, or CRA, a law that forces banks to make home loans to people with poor credit risks.

No fewer than four federal banking regulatory agencies are responsible for enforcing the law. They subject lenders to racial litmus tests and issue regular report cards, the industry’s dreaded “CRA rating.”

The more branches that lenders put in poor neighborhoods, and the more loans they make there, the better their rating. Those lenders with low ratings can not only be fined, but also blocked from mergers and other business transactions needed to expand.

The regulation grew to monstrous proportions during the Clinton administration, obsessed as it was with multiculturalism. Amendments to the CRA in the mid-1990s dramatically raised the amount of home loans to otherwise unqualified low-income borrowers.

The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama.

HUD, in turn, pressured Fannie Mae and Freddie Mac to purchase more subprime mortgages, and Fannie and Freddie, in turn, donated to the campaigns of leading Democrats like Barney Frank and Pelosi who throttled investigations into fraud at the agencies.”

And how are they reacting? Bloomberg - Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury. From the article, One reason, Senate Majority Leader Harry Reid said yesterday, is that “no one knows what to do.”

I think that speaks for itself, don’t you?

Of course, the Democrats and the Legacy Media love to talk the economy down during an election year. They are going to blame John McCain and George Bush. Whatever they accuse them of, know this, they are really talking about themselves.

This year the American People need to hold them accountable. I sure hope they do.

Wednesday, September 17, 2008

Pelosi “No Responsibility for Economic Crisis” Oh Really?

From The Hill By Klaus Marre Pelosi: Dems bear no responsibility for economic crisis

Oh really? Not so fast there Ms. Pelosi. I know you are deligted that the economy is in the tank however you and the Democrats bear all the blame for this mess.

According to the guys at Powerline in their blog post, Turmoil in the Markets,  they point to a report from Fox News’s John Gibson which clearly implicates the Democrats.

From John Gibson,

“Lehman Brothers’ collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs.
A group called the Center for Responsive Politics keeps track of which politicians got Fannie and Freddie political contributions. The top three U.S. Senators getting big Fannie and Freddie political bucks were Democrats, and number two is Senator Barack Obama. Now, remember, he has only been in the Senate four years but still managed to grab the number two spot ahead of John Kerry, decades in the senate, and Chris Dodd, who is chairman of the Senate Banking Committee.

Fannie and Freddie have been creations of the Congressional Democrats and the Clinton White House, designed to make mortgages available to more people, and as it turned out, some people who couldn’t afford them. Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration’s White House budget director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick, Clinton Justice Department official, worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae C.E.O. job.

Now remember, Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain, Senator Obama, was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks. Senator Barack Obama, number two on the Fannie/Freddie list of favored politicians after just four short years in the Senate. Next time you see that ad, you might notice he fails to mention that part of the Fannie and Freddie problem.”

And now today, Senate Majority Leader Harry Reid, true to form, was blaming John McCain of the economy. 

And also from the Politico, Pelosi orders wide Wall Street probe,  well this should be a nice “show trial” for sure. I cetainly hope it backfires on them and the real truth comes out.

Not likely, but I think they under-estimate the American People. We won’t really know for sure until November 4th when the American People WILL be heard.

Saturday, January 19, 2008

The Bush Energy Policy - Groveling

George Bush went to Saudi Arabia and grovelled for oil. In their editorial “The Shame Of Groveling For $100 Oil” Investor’s Business Daily details the insanity of depending on our allies enemies for oil.

Instead of groveling President Bush should be pressuring Congress to open up Alaska to oil exploration. If he had done this the very first year of his administration we would be in production and supplying our own oil by now. We should also be developing the huge shale oil supply under the rocky mountains and drilling off the coast of Florida in the Gulf of Mexico.

If we could put a man on the Moon in a decade surely we could come up with a process to convert water to hydrogen\oxygen and power our transportation. Unlock that secret and Saudi Arabia no longer has any importance.

How long are the American people going to have to put up with the lack of leadership from Washington DC?

Wednesday, June 13, 2007

Tax Cut Stimulated Economy Drives Federal Deficit Lower

According to this news release; Federal Deficit Sharply Lower, despite the spending on the war, earmarks and pork barrel spending the tax cuts initiated by Republicans have increased revenues to the Federal Government. The increase in economic expansion for business and lower unemployment have lowered the deficit 28.7 percent from the projected deficit. Just like John F. Kennedy, a Democrat, achieved incredible economic expansion during the 1960s with tax cuts it proves again if you let the American people keep more of their money the economy will surge and drive more revenues into the United States Treasury than higher taxes will.

Imagine what could be accomplished with controlled spending and a smaller Federal government. Oh wait! That used to be an idea that conservative Republicans embraced. Where are they now?