Tag Archives: Economy

Rand Paul, Not The Maverick He Appears To Be

In foreign relations, Sen. Paul has shown the ability to change his mind. Good thing, given the global mess the current  occupant of The White House has created, if not allowed to melt down.

Economically speaking? Not so much.

2016 presidential candidate Kerry Bowers explains how Paul has a ways to go when it comes to turning this country around. His press release below.

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Kerry Bowers Says Senator Opening New Doors to Cronyism

Henderson, NV, 7 April 2015 – The Kerry Bowers for President Committee released the following remarks from the Committee’s candidate in response to Senator Rand Paul’s presidential candidacy announcement.

“Today, I welcome Senator Rand Paul as the anticipated 57th Republican to register with the Federal Election Commission as a presidential candidate for the election year 2016. It is my hope that he will rise to the standard of specificity I have incorporated into my platform as he begins to lay out his plans to achieve the vision he has briefly described for America. I am, however, greatly disappointed with his campaign announcement remarks in which he either directly states or implies the intent to continue the IRS, income taxes and corporate taxes; these in addition to newly proposed avenues for cronyism and tax discrimination that he calls ‘economic freedom zones.’ What I am hearing in his remarks is not a focus on the restoration of government’s federal character nor that of State sovereignty as I have called for in my platform, but a continuation of the governments’ monopoly over the States through a heavy-handed national character that, among other undesirable consequences,  decides who shall and shall not benefit from the labors of all Americans. I look forward to the possibility of debate with the Senator and the other candidates in the ever-expanding field of Republicans as we move forward to the primaries.”

Candidate Website: www.KerryBowers.com

2016 POTUS CANDIDATE CHALLENGES SENATOR CRUZ ON FEDERAL TAXES

Republican Kerry Bowers Says Senator Supports Contradictory Tax Plans

Henderson, NV, 23 March 2015 – The Kerry Bowers for President Committee released the following remarks in response to Senator Cruz’s recent actions and statements specific to federal taxation.

“On 19 March, I applauded Senator Cruz’s 10 March addition to the list of cosponsors for Senate bill S.155, the Fair Tax Act of 2015, which is a companion bill to HR 25 introduced in the House of Representatives. The Fair Tax is a national retail sales tax that abolishes all forms of income, payroll and corporate taxes and replaces them with a sales tax, one that includes a family consumption allowance to reduce or eliminate the regressive effects of a sales tax. The bill also abolishes the IRS and includes a ‘sunset’ title requiring repeal of the 16th Amendment to the U.S. Constitution within 7 years else the Fair Tax is repealed. The companion bills today have more combined congressional sponsorship than any other proposed tax reform or replacement measure introduced to both houses of the 114th Congress.

I then learned that the Senator on 17 March, in an appearance on the MSNBC show, ‘Morning Joe,’ stated the following: “The perfect, the ideal and what I intend to fight for is a simple flat tax, where every person can fill out his or her taxes on a post card, which would enable you to abolish the IRS.” The senator, when queried by host Joe Scarborough what the tax rate would be, offered; “we’re still working the numbers.”

In my opinion, the Senator revealed he has no detailed plan or serious commitment to effectively and permanently change one of the most obstructive, destructive and liberty-infringing mechanisms imposed upon the American people. He has taken a position, as reflected in his statements, indicative of yet another income and payroll tax system, one contrary to the Founder’s vision for appropriate federal taxation as evident in the original Constitution and addressed in great detail in the Federalist Papers. This stated position stands in stark contrast to his eloquent speeches in which he implies his intent to restore the ideals imparted by the Founders in the nation’s framing documents.

I also believe it is disingenuous for the Senator to say that the IRS would be abolished under a flat income tax since the tax will require continued oversight of the 165-plus million individual tax filers and 20-plus million businesses. The Fair Tax, on the other hand, will require only businesses to file reports and make remittances; the administration and collection of the sales tax will be reserved, principally, to the States and done so on a voluntary and reimbursement basis. That last point is advocated in the Federalist Papers as a measure to avoid unnecessary redundancies in tax agents for the collection of impositions on items taxed by both the federal and state governments.

Perhaps an even more important aspect of the Senator’s flat-tax proposal, but not addressed by him, is the preservation of every avenue through which Congress may, and again, change a simple income tax system into the same discriminatory, incomprehensible and tyrannically-imposed system the American people endure today. One of those avenues that should be addressed as ‘dangerous’ and eliminated is the 16th Amendment which, as the debt continues to grow, could be used to seize personal assets to cover the nation’s financial obligations. Such seizures could occur under numerous disguises, including additional taxes imposed on every American’s accumulated wealth and the seizure of retirement funds for subsequent replacement with a government-controlled annuity.

The American people need to be truthfully advised too by those who promote a flat income tax that the peoples’ idea of a simple, single-rate tax is not what Congress will likely impose upon them. It will be either a multiple-rate system, like that recently proposed in the Lee-Rubio plan, or a single-rate system replete with wage-determinant deductions and exemptions designed to achieve the same result as a multiple-rate tax system. The people should also be reminded that payroll taxes for Social Security and Medicare, which most workers pay double or more than what they pay in income taxes today, will remain in effect under a flat income tax.

Bottom line, the Senator’s conflicting positions are troubling and especially so in these extraordinary times.  We are at a pivotal point in our nation’s history and one that will require extraordinary leadership with extraordinary plans to alter the course upon which we are embarked. The proposition of another income tax does not meet the requisites to effect a suitable and sustainable course correction.”

What’s Another $3 Billion Down The Drain?

It was four years ago that President Obama, through the US Export-Import Bank, extended $3 billion credit to Brazil to finance infrastructure projects and offshore oil drilling. See, he really is for offshore drilling. Just not in his own country.

The money was for Petrobras, Brazil’s state-owned oil company. Essentially, it was for Brazil’s top politicians.

In today’s news, four years later, Petrobras can’t borrow money for a used car. Their credit rating is junk. And it all began four years ago with bribes and kickbacks.

Everything he touches turns to . . . No, it’s not gold. Another Solyndra, another Arab Spring, a new Libya, fall of Iraq, rise of ISIS, jobs for terrorists, nukes for Iran. You name it. And that’s just over there. Over here there is chronic long-term unemployment and falling family incomes. Obama’s wealthy donor friends excepted.

And to think we still have two more years with this wrecking ball in The White House.

Links: US Export-Import Bank extends $3 billion credit to Brazil to finance infrastructure projects and offshore oil drilling  |  State Oil Firm’s Scandal Scrambles Brazil’s Offshore Dreams  |  Brazil Petrobras scandal: Top politicians accused

Democrats, Poor, Caught By Surprise?

As a Democrat legislator, how can you be caught by surprise by the fine that Obamacare levies on taxpayers for not buying a government-approved health insurance policy when, it was all Democrats and only Democrats who voted for it?

It is obvious that they did not read their own law that they voted for.  It is also obvious that the sheeple in their party followed them blindly down the same path.

It is obvious too that there would have been no surprise about the tax penalty if the media had done its job.

All this could have been avoided if they opened their eyes and maybe, read this, Obamacare Fines, For Poor People Only, from October 2013.

Links: Obamacare Fines, For Poor People Only  |  Democrats are bracing for another Obamacare backlash

View Of Success Differs On Food Stamps

In a report submitted to the United Nations High Commissioner on Human Rights on Friday, the U.S. State Department is boasting that there were “46.5 million” people on food stamps in the United States last year and that a quarter of all Americans received government “food assistance.”

Nearly double the 26 million recipients there were when Obama was elected in 2007. Given the success of the Obama’s economic policies this should come as no surprise. A result of the rising unemployment rate (U-6) and falling family incomes.

A perfect illustration of the consequences of the socialist mindset of big government Democrats. They view success by how many people are on government assistance.  Conservatives view success by how few people need government assistance.

Some charts here offer food for thought.

Link: Supplemental Nutrition Assistance Program (SNAP)  |  U.S. Brags to U.N.: We Have 46.5 Million on Food Stamps

Obama Declares War On ANWR

Declaring the oil-rich coastal plain, which was set aside for oil exploration and development in the first place, a “wilderness area,” Obama is effectively preventing any access to it for the purposes it was originally intended. Oil and gas exploration and development.

Time for a refresher on ANWR.   ARCTIC NATIONAL WILDLIFE REFUGE 101

Shutting down energy resources by declaring wilderness areas is nothing new where Democrat Presidents are concerned. Bill Clinton  shut the low-sulfur coal industry completely down by declaring all of it (1.8 million acres) in the United States a “monument.”

For Clinton though, it was more sinister. It was a twofer for Clinton. By declaring the lands where all our low-sulfur coal exists in the United States a “monument,” he hands a world monopoly to a big campaign contributor of his, the Chinese Rhiady family,

Now a quick mineralogical lesson. There are only two known low-sulphur coal reserves in the world, one of which is under the land in Utah that was blocked off by Clinton. And the other is in China. Thanks to Bill Clinton, the U.S. energy sector can buy low-sulphur coal from China, because now, they have to.

Links: Obama Seeks Bigger Wilderness Designation in Alaska Refuge  |  President Obama Calls on Congress to Protect Arctic Refuge as Wilderness

SOTU 2015, His Illness

Media translation service, by me. What we saw in Barack Obama‘s State of the Union show Tuesday night was his admission of his failed policies. When you hear him say there’s still “more work to do,” he wants you to think he’s making progress, and hasn’t stopped yet.

OK, so after 6 years, the middle class and poor have seen their family income fall. The number of people working (labor participation rate) is at the level it was during the Carter administration. As a result, the number of people on food stamps and other government welfare programs are at an all time high. All while he’s trying to add millions more illegal aliens to compete against the middle class and poor for the few jobs there may be.

His mental illness really shone brightly when he took credit for lower gasoline prices. Because he had nothing to do with it, sort of.

He had nothing to do with the increase on the supply side. He did have something to do with the decrease in demand on the demand side. Weak economic activity, high long-term unemployment, falling family incomes all a result of his administration’s attempt at transforming America have the effect of decreasing demand.

Gas and oil production on federal lands are down. Not up. Gas and oil production on private lands are up, and that’s where the increase supply (and jobs boom) is coming from. The media seems to have forgotten that he and his energy secretary said they want the price of gas to be like that in Europe, over $9 and $10 per gallon. And that will help the middle class? It is Obama standing in the way of the XL Pipeline, by insisting on where the oil going through it can be sold. As though he thinks that Canada’s gas and oil belongs to him.

If he cared for the middle class more than his vision to destroy, er “transform” America, he would stop doing what he’s been doing.

Wage Increase By Executive Order

President Barack Obama’s Executive Order 13658 takes effect today. It extorts contractors doing business with the federal government to pay their employees at least $10.10 per hour.

Fortunately (for taxpayers and other “working people”), the net effect will be negligible in the big picture. Because only a little over 200,000 of the over 4 million people contracting with the government are earning less than that.

What the Executive Order does is throw a bone to the low-information crowd that he is looking out for the so-called “working poor.” As opposed to the “lazy poor” I guess. They believe what the President says,  that he will cut cost by raising them. Which is also why he was afraid to involve the high-information voters, like the Legislative Branch of government.

The president and Labor Secretary Perez don’t get who it is that is ultimately paying those salaries. It is YOU, the taxpayers

Here’s a Perez quote on the subject . . .

Raising the minimum wage isn’t just the right thing to do to strengthen families — it’s the smart thing to do to strengthen businesses: People would have more money to spend on goods and services. Businesses would see higher productivity and lower worker turnover, too.

R’s Won, And D’s Didn’t Lose

Time was,  elections had consequences. Not so much any more. In 2010 Republicans, pushed and dragged by tea party conservatives (which also include democrats), gained a record number of seats in federal, state, and local elections. And, did nothing with it.

Instead of governing on the will of the people, President Obama gave them the finger. In 2014, Republicans gained more seats in the House and managed to gain 9 seats in the Senate. And President Obama continues to govern against the will of the people, on every important issue.

Now, despite the Republican majority in the House for four years, the current national debt tops $18 trillion, which is more than 100 percent of the national Gross Domestic Product.

So what does the Republican establishment have to say for itself? RNC chairman Reince Priebus writes me to say “We won.” By the evidence of the continued growth of the debt, the continued lack of a real budget, and the continued folding to an administration that is out of control, what world must he be living in to say “we won?”

To make matters worse, Republicans that try to do the will of the people are vilified. The Republican party has lost its way and, no longer represents a smaller, less intrusive government. I’ve had it with the Republican establishment. They have demonstrated over and over their allegiance to big  government and more debt, with less accountability. Their actions last weekend prove it.

Call me crazy, but going along with the administration is not what I call winning. The evidence shows that the establishment Democrats and Republicans won. It is a win that means America is the loser.

Link: Average federal spending per household nearly $30,000  |  IS BOEHNER, CONGRESS, IN VIOLATION OF PROBATION?  |  ‘Cromnibus’ Spending Bill Passes, Just Hours Before Deadline

Whoops, He Did It Again

Giving cover to weak-kneed Republicans in the House, the weak-kneed House Speaker John Boehner passed a debt-increasing $1.1 Trillion Continuing Resolution. To add insult to injury, Boehner has the nerve to say “it’s a good bill.” The spending frenzy now goes to the Democrat-controlled Senate for approval.

Speaker Boehner has a habit of telling republicans how tough he’s going to be on cutting government spending and neutering Obamacare. And the 2010 and 2014 mid-terms show that that’s exactly what the folks want. But that’s only before elections. Once handed the power to be effective, he folds and kowtows to the regime.

It’s like the national debt topping $18 Trillion last week never happened.

Link: Is Boehner, Congress, In Violation Of Probation?  |  With Deadline Looming, Government Funding Bill Passes House