Archive | Economy

Tags: , , , , , , ,

Can’t Get a Home Loan? Watch This!

Posted on 18 April 2010 by Jay

Are you wondering why it’s so hard for us responsible Americans to get a home loan or modification? Take a look towards One West Bank, the FDIC, Goldman Sachs and the transfer of taxpayer funds to individuals like George Soros and John Paulsen. Unlike the American people, who incidentally would be looking at prison time for this kind of fraud, this is how the Obama Administration pays it’s bills.

This will make that vein on your forehead bulge like a water-weenie!

This plainly looks like fraud and theft of tax payer funds to me. Anyone ready for November? I know I am.

Comments (0)

Tags: , , , , ,

Mr. President, You Scare Me (An Open Letter)

Posted on 18 April 2010 by Jay

A bit old but still relevant is yet another open letter to President Barak Obama from a prominent figure in business in America. This time Lou Pritchett, former Vice President of Proctor & Gamble, shares why President Barak Obama scares him and I think his thoughts are shared by many.

There seems to be an unending supply of people from with in the business world that are coming out to share their concerns with how the current administration is handling things.

Just last week I featured an open letter from Ronald S. Lauder, the President of the World Jewish Congress. It can be found here. In it, Lauder expresses his deep concerns on the Administration’s about face turn on policy concerning Israel and President Obama’s lack of action with an impending entrance of Iran into the nuclear club.

This from Snopes.com concerning the authenticity of the Pritchett letter.

Lou Pritchett is a former Vice President of Proctor & Gamble whose career at that company spanned 36 years before his retirement in 1989, and he is the author of the 1995 business book, Stop Paddling & Start Rocking the Boat.

Mr. Pritchett confirmed to us that he was indeed the author of the much-circulated “open letter”…

“I did write the ‘you scare me’ letter. I sent it to the NY Times but they never acknowledged or published it. However, it hit the internet and according to the ‘experts’ has had over 500,000 hits.”

And the letter authored by Mr. Pritchett:

AN OPEN LETTER TO PRESIDENT OBAMA

Dear President Obama:

You are the thirteenth President under whom I have lived and unlike any of
the others, you truly scare me.

You scare me because after months of exposure, I know nothing about you.

You scare me because I do not know how you paid for your expensive Ivy
League education and your upscale lifestyle and housing with no visible
signs of support.

You scare me because you did not spend the formative years of youth growing
up in America and culturally you are not an American.

You scare me because you have never run a company or met a payroll.

You scare me because you have never had military experience, thus don’t
understand it at its core.

You scare me because you lack humility and ‘class’, always blaming others.

You scare me because for over half your life you have aligned yourself with
radical extremists who hate America and you refuse to publicly denounce
these radicals who wish to see America fail.

You scare me because you are a cheerleader for the ‘blame America’ crowd and
deliver this message abroad.

You scare me because you want to change America to a European style country
where the government sector dominates instead of the private sector.

You scare me because you want to replace our health care system with a
government controlled one.

You scare me because you prefer ‘wind mills’ to responsibly capitalizing on
our own vast oil, coal and shale reserves.

You scare me because you want to kill the American capitalist goose that
lays the golden egg which provides the highest standard of living in the
world.

You scare me because you have begun to use ‘extortion’ tactics against
certain banks and corporations.

You scare me because your own political party shrinks from challenging you
on your wild and irresponsible spending proposals.

You scare me because you will not openly listen to or even consider opposing
points of view from intelligent people.

You scare me because you falsely believe that you are both omnipotent and
omniscient.

You scare me because the media gives you a free pass on everything you do.

You scare me because you demonize and want to silence the Limbaugh’s,
Hannitys, O’Reillys and Becks who offer opposing, conservative points of
view.

You scare me because you prefer controlling over governing.

Finally, you scare me because if you serve a second term I will probably not
feel safe in writing a similar letter in 8 years.

Lou Pritchett

I couldn’t have said it better, Mr. Pritchett

Comments (0)

Tags: , , ,

Geithner Sobs as Obama “Fights the Lobby” by Hiring Them All

Posted on 03 April 2010 by Jay

Washington (AP) – Timothy Geithner thinks it’s completely unfair how large businesses that were the recipient of bailout funds have emerged in much better shape than the average American.

“As the President has said, we had to do some very unpopular things,” he said. “People looked at what happened.”

“It’s not fair. It’s Deeply unfair,” he said. “He had to look whether he was going to act to fix it or stand back, and that would have been calamitous for the American economy.”

“Just because this was the worst economic crisis since the Great Depression, a huge amount of damage was done to businesses and families across the country and it’s going to take us a long time to heal the damage.”

I wonder if he feels the same way about all the corporations and banks that didn’t get the funds needed to save their skins because he was funnelling money out the back door of AIG while head of the New York Fed.

If the current administration was so overly concerned with the plight of the American People, maybe they would have used the Tarp funds to bail out the individuals now losing their homes.

Here’s an even better idea; how about taking the remaining 560 billion dollars of unallocated funds from the TARP program and apply it to small business grants and loans to do what they should have done in the first place, stimulate the backbone of our economy. Small to medium sized businesses now feeling the crunch of less revenue intake and upcoming higher taxes and fees related to the new health-care bill are the ones that are going to need our help.

I wonder if those businesses hit hardest on the lower end of the size scale have any hope of gaining assistance. After all, if you don’t actively lobby Washington, it seems you don’t get any play.

As Obama was campaigning in 2008, I seem to remember something he said over and over again about the lobby culture in Washington.

Most businesses in this country don’t have the resources to lobby in their best interests in DC. Most larger businesses, 30 years ago, had a limited number of lobbyists in Washington because they didn’t see a need.

Microsoft is a great example of how businesses seem only as interested in politics as politics is interested in them.

Before the DOJ went after Microsoft for “non-competitive practices”, they had one single lobbyist in Washington. Now they have hundreds and have become one of the largest political contributors on the Hill.

Mr. Obama has done a great job of setting up the tit-for-tat culture on Capital Hill. One only has to look at how many of his “saved and, or created” jobs have gone to union labour while the average American gets stiffed and is forced to collect unemployment benefits.

It’s pretty plain to see that the squeaky wheel gets the Obama-grease. while Congress was in recess this last week, he appointed 11 positions in his cabinet, none being vetted and most either tied to or working directly for lobby firms.

While the number of lobbyists fell by over 500 individuals in 2009, the amount of money actually spent increased to over 3.46 billion dollars.

It makes me wonder, If I had the cash to buy a ticket, could I spend the night in the Lincoln bedroom or maybe join the Obamas’ for dinner unlike a certain Prime Minister who visited last week? From what’s been shown over the last few months, it seems everyone in DC has a price.

Comments (1)

Tags: , , , , , , , , , , , ,

Obama and the Selfishness of Altruistic Collectivism

Posted on 29 March 2010 by Jay

To many, altruism is a selfless state of mind where you give up your own needs to meet the needs of others. Altruistic acts are the stuff of Saints and Nobel Peace prizes. The Webster’s Dictionary defines it as “Regard for others, both natural and moral; devotion to the interests of others; brotherly kindness; – opposed to egoism or selfishness.”

To give of ones self in order to benefit those you love without regard to your own needs is a compassionate endeavour to say the least. Individuals like Mother Theresa and Nelson Mandela come to mind when looking at the meaning of the word. These two people gave to others and, in the process, sacrificed much of their own needs and desires in order to better the world around them. They worked to change the evils of their surroundings for the betterment of mankind. Change was needed in order to feed starving children in poverty stricken nations and end race related discrimination in South Africa. They fought for change and gave of themselves immeasurably to get it.

Change is a funny word these days. It gets thrown around quite a bit. There is an individual in all of our lives here in America that is espousing change to combat what he perceives as wrong with our society. He coins the term self sacrifice and talks about the hard choices we need to make as a nation. The thing about his version of change and sacrifice is that they do not fit the definition of altruism. Well not exactly. It’s more like altruistic collectivism.

Barak Obama wants to give unselfishly to the poor in this nation and he doesn’t care who has to sacrifice to do it or how big that sacrifice will be. The current administration is now in the process of throwing threw everything, including the kitchen sink, at getting their monstrous 2000+ page takeover of our medical industry through Congress. Obama and his ilk almost went as far as directly violating the Constitutional process of the passage of laws in order to ram it through, even though an over whelming majority of Americans said they didn’t want it. Thousands protested on the steps to the Capital in DC while the vote went down.

Is he asking too much of us? Is providing insurance to the poor above what is already offered worth the utter destruction of our constitutional republic? He says it’s because we all have to make “sacrifices”.

Verizon, Caterpillar, AT&T and Deere and Co. have all announced the “sacrifices” they will have to make with AT&T announcing the largest loss to the tune of almost 1 billion dollars in additional expense in the next quarter because of added costs associated with the newly passed Healthcare bill.

AT&T receives a tax subsidy that offsets their costs associated with providing retirees with insurance and the new bill kills that tax break.

As many called it before the passage, this bill will most certainly not improve coverage and lower costs. Verizon has announced it will have to review existing coverage levels for their retired and current employee base because of the giant new costs they will incur as a result of the legislation.

Rep. Henry Waxman (D, CA) has released a statement calling for the attendance of these four corporations. This from the Daily Herald;

Representative Henry Waxman called the chief executive officers of AT&T Inc., Verizon Communications Inc., Caterpillar Inc. and Deere & Co. to provide evidence to support costs the companies plan to book related to the new health-care law.

Waxman of California, chairman of the House Energy and Commerce Committee, and subcommittee Chairman Bart Stupak of Michigan released letters they wrote to the executives, saying their plans to record expenses against earnings as a result of the law contradict other estimates. The lawmakers requested the executives appear at hearing Stupak plans on April 21.

“The new law is designed to expand coverage and bring down costs, so your assertions are a matter of concern,” Waxman and Stupak, both Democrats, wrote in the letters yesterday. “They also appear to conflict with independent analyses.”

It seems the savings come at a cost. And they say trickle down economics is a fairy tale…

Both Howard Dean and Max Baucus have admitted to the bill being about redistributing the wealth in America.

So there you have it.

Obama wants 300 million people to sacrifice their freedom and liberty in order to “give” to the other 20 million -by liberal statistics- who don’t have insurance. He may sacrifice the United States Constitution and everything this nation was built upon. This is the “fundamental transformative change” he was always talking about on the campaign trail.

Altruism by proxy is not altruism at all. It’s called socialism, Marxism, communism; three things that have never worked in the history of organised government and have always led to tyranny. You are being told to lay down your future and your liberty so others may rise and be damned the consequences of it all. The collective must rise above the individual and become “altruistic” even if it kills them.

The Russian government asked something similar of farmers after the turn of the 20th century and it led to one of the worst famines in recorded history. Hitler asked similar things of the German people in the late 30’s and it led to a World War and millions of deaths. Pol Pot, Hugo Chavez, Idi Amin, Pasha; the list is long of individuals through out history that sought the sacrifices of the individuals of their nations in order to further personal ideologies and causes.

Obama is not asking us to turn over our crops, guns and land yet but that is because the Constitution is still alive and kicking for the time being. If this keeps up it won’t be doing anything for very long.

The line must be drawn and drawn soon. Our government is growing impatient with us. After the destruction of our Constitution, what do we have left? After the framework of our great republic is trampled underfoot in the name of altruistic sacrifice during “crisis”, we will see real crisis in this Nation like never before.

We have an opportunity now to educate those who we love and deal with daily and then another opportunity in November. Even though we may have lost the battle last week, the war rages on and we must continue to fight.

Comments (1)

Tags: , , , , , , , ,

When is a Burden Too Much?

Posted on 13 March 2010 by Jay

We used to say, “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” There was a time when people still actively described America as containing mountains of gold and opportunity and people flocked to our shores in droves. These people came to America with nothing but the clothing on their backs and the drive to build a life for themselves as Americans.

These individuals changed their names to sound more American. In the 1860’s my great, great -insert a few more- Grandfather, when entering this Nation from Ireland, changed his last name from the traditional Irish name he had all his life to something he felt would allow him to assimilate better into American society. They wanted to learn English and had a strong desire to fit into the new culture they were thrust into after leaving Ellis Island for the first time. It wasn’t an easy proposition to be dropped in the middle of a city, in a strange place where you’ve never been and can’t speak the local language but these people thrived. They learned the language, the customs and the system. They started businesses and became self sufficient. Some of the largest corporations we see today got their start in some small shop by individuals who came from a different land. Flash forward to today and things have changed quite a bit.

The immigrants that come to America today are not too terribly different than 150 years ago. More tend to be able to speak English than before and are, by the statistics, more likely to start a small business than even natural born Americans. What has changed in the 21st century is not the nature of immigrants, it’s immigration itself; the illegal immigration problem.

During the 1920’s, illegal immigration was the subject of heated Congressional debates. Edward H. Dowell, vice-president of the California Federation of Labor, testified before the U.S. Senate Committee on Immigration in February of 1928 about the burden of the unrestricted flow of Mexicans on the state’s taxpayers, prisons, hospitals and American workers’ wages. He estimated that while 67,000 Mexicans entered the U.S. legally the prior year, many times that number entered illegally.

Workers in the US were already feeling the crunch from the influx of illegals coming across the border to gain agricultural work to support their families in Mexico. By the time Eisenhower took office, the amount of illegal Mexican border crossings were estimated at exceeding 1 million annually. There is currently no way to reliably track these numbers. All figures are estimates and are refuted to be both much higher and also much lower depending on who is doing the refuting but one thing is for certain, this Nation has a real problem on their hands.

For some the issue lies within the employment sector of our economy, claiming these “migrant workers” are taking jobs away from Americans that need work but can’t find it. We have over 15,000,000 unemployed in the US right now and an estimated 12 to 30 million illegals working primarily in the lower skilled agricultural marketplace. Quite a bit of the money paid to these illegals ends up getting pulled out of our economy and gets sent back home to Mexico to help support their families. While the individuals are in our country, they take advantage of all the services we offer to citizens but pay very little out in taxes aside from meager sales tax revenue and gas sales. The larger issue here is not jobs, it’s the strain on our economy from the usage of services and the collection of monies from entitlement programs.

It was reported a few days ago that in Los Angeles County, California, 50 million dollars was spent in the support of anchor babies and their illegal immigrant parents just for the month of June. At the current rate, the county alone will end up paying out over 600 million dollars this year just to illegal immigrants and their American born children. These numbers do not include medical care, public safety costs or the costs associated with supporting those incarcerated within the county’s jail and prison systems.These individuals also take advantage of many other public, tax payer funded, services such as fire/EMS, law enforcement, public education, public roadway infrastructure, sewer/sanitation services and other often over looked services which have to be paid for through tax revenue collected at both the county and state level. When you factor in all the other services, the over all cost to the county skyrockets to a whopping 1 billion dollars. Another thing to be considered here is the interest that must be paid on the public debt incurred to provide the 1 billion dollars in services on the county level.

While contributing significantly less in tax revenue to the communities where they live, households comprised of illegal immigrants collect an average of 10,000 dollars more per year in welfare benefits than those who are here legally. While Americans tend to contribute more than they take during working years and take more than they contribute during their shorter retirement years, illegals who are low skilled workers tend to take more than they contribute to the public coffers right from the get go.

18-20% of our prison system’s population are illegal immigrants while they only account for 3 to 5% of the over all population in the United States. California’s prison system is now inundated with illegals, primarily from Mexico. As of 2005, 240,000 incarcerated nationally were illegal immigrants. The startling figure is that over 108,000 of them were incarcerated in California. Since 2005, these numbers have greatly increased.

Proponents of illegal immigration claim that these people, although a felon the second they cross our border illegally, are simply hard working people looking for a better life. I think the numbers speak for themselves and put that soundly to rest. The crime rate among illegals in this country is staggering. In the city of Los Angeles, 95% of the 1200+ outstanding warrants for homicide target illegal aliens. Up to two-thirds of the 17,000 fugitive felony warrants are for illegals.

I’m not sure I can feel sorry for California in all this considering how utterly welcoming they have been over the years, opening their arms wide to the problem with sanctuary cities and law enforcement scared of being accused of “profiling” people. They have allowed the issues in the front door and now they have an out of control shortfall topping well over 20 billion dollars and a Latino gang population bigger than most other states combined. They have some real issues that, if not dealt with quickly, will end the state as we know it. As of this writing, people are leaving California at unprecedented levels and soon they will be left with nothing but those sucking off the teet of their liberal disease. They must pass sweeping welfare and immigration reform now before it is too late. But what can be done?

The most prevalent thing I hear from the pro-immigration people is amnesty which will serve nothing but to legitimize the law breaking, society draining illegals and allow for massive chain migration. The immigrant population would double almost over night and our Nation doesn’t have the room nor the economic facilities to deal with that. We would see the welfare rolls exponentially increase as well as our local, state and federal publicly held debt. Think this recession is bad now? While all they have to offer is “legalize em’” to make the problem go away and create a new Democrat army of minority voters, they always complain that no one else ever offers a solution to the problem so I’ve decided to offer one.

It is important that those who need a safety net to maintain food for their children and a roof over their heads has that safety net but this is out of control and creating a great hardship for Californians and American’s in general. Welfare should be a temporary way for individuals to get back on their feet, not to support them for the long term. We need to be realistic here. Thinking with your heart is a great thing but only if the results are fiscally sustainable. In California, the current system is bankrupting the entire state.

I’m not against immigration and welcome those who wish to come to our country legally with open arms.

I am, however, against illegal immigration and something other than legitimizing them needs to happen. Immigration reform should absolutely NOT include amnesty.

Here we go…

1. Close the border and spend the money to properly patrol it. If you want to come in to this country, make it impossible to bypass law enforcement or border customs to enter.

2. Hold the Mexican Government accountable for fostering and encouraging the influx of their people coming across the borders into our Country. They give out guides on how to sneak into our country to their citizens and openly encourage it. We should use our trade with Mexico as a tool to send them a message that their encouragement of the behavior either stops or we sanction them, period. Withhold any and all financial aid if they don’t want to cooperate. We also need to REQUIRE that the Mexican Government pays for the costs associated with the internment of all the Mexican illegals within our prison system. Any other country in the world would have threatened military action against Mexico for this open violation of the sovereignty of international borders.

If these people could live as well in Mexico as they can here in the United States they would all HANDS DOWN stay there. Quite a large number of these illegal’s actually spend harvest here and then take their American dollars home for the winter to Mexico. If the Mexican Government could get a handle on the drug trade and start to create real honest opportunity for the Mexican people, the amount of people coming north would GREATLY fall off. One of the issues with the Mexican Government is their strong feelings of being elite and better than the people they govern. Not so different than here but our founders did a much better job of controlling the elitism with precepts contained within our founding documents.

3. Hunting down and rounding people up on buses is not logistically possible and the propensity for issues including abuse and lawsuits is huge. Instead, anyone caught in the commission of a crime or is otherwise found, through normal legal process, to not have legal status to be here should be deported immediately, including their American born minor children, unless deportation represents putting them in immediate harm’s way. NO SANCTUARY CITIES unless the cities giving sanctuary don’t mind a complete ceasing of any and all federal subsidies for their infrastructure and school systems. State Governors allowing their Mayors to create sanctuary cities should also see stiff penalties and sanctions when putting their hands out for federal assistance. This is a harsh way to do things but it still puts the ball in their court and allows them to make the choice themselves. Stop breaking the law or face these consequences.

4. Go after the employers who employ these individuals. If we take the reasons away that drive them here in the first place, less will attempt to enter the US illegally. Anyone who says, with over 15 million unemployed Americans, that they can’t find non-illegal laborers is full of horse hooky. Maybe we should be mandating that citizens who are currently on public assistance and unemployed should be out in those fields working instead of the illegals. If they don’t like the work, they can opt-out of receiving welfare checks and food stamps and find better employment elsewhere.

5. All encompassing term limits on public assistance, with the exception of people who are physically incapable of caring for themselves, i.e. mentally or physically disabled, elderly or the infirm. There is no reason why, within two years, an individual can’t become self sufficient in this nation to the point of not needing welfare. There is no reason why people can’t be responsible enough to know, if you have unprotected sex, you more than likely WILL get pregnant. We need a return of personal accountability and responsibility in this Nation and the only way that will happen is if our communities and Governments begin to HOLD THEM ACCOUNTABLE.

6. Streamline the process for those wishing to enter legally so the wait goes from 8 to 10 years down to a few. This is the Nation of Nations. I don’t hate Immigrants. Unless you’re full blooded Cherokee, your family’s journey started here through immigration as well. Both sides of my family immigrated here.

7. NO CHAIN IMMIGRATION. The only way a baby born in the US receives citizenship is if they were born to a US citizen. Period.

8. Develop and build an international network of free Nations willing to help give asylum to individuals from violent or tyrannical Nations. UNICEF would be an awesome organization to help spearhead this. America IS the land of the free and the home of the brave but we are but one Nation among many who should be helping to care for those at risk and in danger. Those truly needing political asylum make up a very small amount of our illegal immigration problem but this needs to be addressed just the same. This system would spread the burden thinner.

One way or the other, we need REAL reform and we need it NOW. We need reform that first and foremost addresses the economic impact of the situation and, 2nd, takes into account the needs of Americans before the needs of individuals elsewhere. We have people right here in this country that need a hand up and children about to apply for college without knowing how they’re going to pay for it.

Comments (5)

Tags: , , , , , , , , , , ,

Obama Forms Commission to Reduce Obamanism

Posted on 17 February 2010 by Jay

February 17th, 2010

Last month, The Senate shot down a plan backed by Mr. Obama to create a bipartisan task force to address and reduce the U.S. deficit. Although it did garner 53 votes, 7 shy of the 60 needed to pass, lawmakers said they didn’t want to be “railroaded” into how they legislated their spending from outside sources. I’m left to assume the American people are included in that statement as well.

Obama has decided to create the commission anyway through an executive order and without the teeth of the original proposal. Law makers would not be required to even acknowledge the recommendations proposed by this panel let alone vote on anything.

This from FOXNews.com

Former White House chief of staff Erskine Bowles and former Republican Senate Whip Alan Simpson would lead the panel, a senior administration official said Tuesday. The official spoke on the condition of anonymity because the president’s executive order creating the National Commission on Fiscal Responsibility and Reform had not been announced.

The deficit spiked to an extraordinary $1.4 trillion last year and could top that figure this year as the struggling economy puts a big dent in tax revenues. Even worse from the perspective of economists and deficit hawks, the medium-term deficit picture is for deficits to hit around $1 trillion a year for the foreseeable future.

Obama and his economic team have said repeatedly that this is not sustainable. He told lawmakers during his State of the Union address that he would go around their vote and appoint a version of a deficit commission.

Obama’s version of the commission is a weak substitute for what he really wanted: a panel created by Congress that could force lawmakers to consider unpopular remedies to reduce the debt, including curbing politically sensitive entitlements like Social Security and Medicare.

As rejected, the bipartisan 18-member panel would have worked for much of the year and, if 14 members agree, report a deficit reduction blueprint after the November elections that would be voted on before the new Congress convenes next year. The 14 would have to include at least half of the panel’s Republicans.

That idea crashed in the Senate, defeated by equal numbers of Democrats and Republicans — some of whom initially supported the idea.

Although Obama’s commission will lack any requirement for Congress to act on its advice, it will provide some political cover and big-name backing.

Bowles, the president of the University of North Carolina, served as Democratic President Bill Clinton’s chief of staff from 1996 to 1998. Simpson, a senator from Wyoming from 1979 to 1997, was the No. 2 Republican and the top GOP member of the Social Security subcommittee.

So as Mr Obama plans to raise the deficit to record levels and then raise them again over the following year, he’s calling for a minuscule 15 billion dollar spending freeze and a panel to tell congress how to reduce spending. One must wonder if the cost of paying these panel members is going to exceed the actual net gains from any cuts congress actually agrees to.

This is nothing but one more cog in Mr. Obama’s political machine that just refuses to run out of gas even though he won the election a year ago. He’s not looking to bust the deficit, he’s looking to put more capital into his political coffers. Just one more of many on the list of empty promises this man has made both on the road to the White House and after he moved in.

It is pretty plain to see Mr. Obama has no intentions of curbing what he himself calls, “unsustainable spending”.

What we need is jobs and a gross reduction in the size and scope of the federal government. We don’t merely need cuts in spending; we need to cut out programs altogether. The government is simply too big and too wasteful. 90% of what is done on the federal level needs to be moved to the States. We shouldn’t have some states contributing grossly more in tax revenue to the federal government than they get back while “donor” states take more than they give. The responsibility needs to be more localized and tailored to meet the needs of Americans on a targeted basis the way that was intended by our Founders; localized representation and action in the hands of the people, not bureaucrats in Washington and not corporate lobbyists sweating about the next set of overbearing federal regulations and taxes.

If this commission comes out with any findings other than the need to kill Mr. Obama’s gross deficit spending agenda then it will be clear that they are simply tilting at windmills in an effort to further the current Marxist agenda.

If you want to increase tax revenue intake to the federal government, Mr. Obama, try putting people back to work with meaningful, long term employment. More private wealth equals more tax revenue collected. It’s pretty simple. Grossly cut the budget and freeze all discretionary spending outside of the military budget. Cut the corporate tax rate by 10 to 15% and put a 7 to 10 year moratorium on all capital gains across the board. Take what is left of the Porkulus and apply every penny to small business grants and 0% interest loans to encourage growth in targeted locals and industries.

But, as we’ve clearly seen, Mr. Obama’s agenda doesn’t seem to take into account anything but redistribution through tax and spend policy, union pandering and carbon credit programs.

Mr. Obama is right about one thing. Now is the time for drastic change, just not the kind of change being espoused in Washington today. We have never been able to spend our way out of a recession or depression but the never ending line of Democrats who can’t seem to grasp this concept is out the door and around the corner.

We need jobs.

Comments (2)

Advertise Here
Advertise Here

Daily Quote

"The spirit of liberty is not merely, as multitudes imagine, a jealousy of our own particular rights, but a respect for the rights of others, and an unwillingness that any man, whether high or low, should be wronged and trampled under foot." -- William Ellery Channing

Archives