Monthly Archives: March 2009

Media, Politics

President Obama Comes Out Of The Closet

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After taking in the news of today. The news is not the news. The news is the President, a constitutional lawyer, doing a Pearl Harbor-type attack on the U.S. Constitution, today firing the head of a company because he didn’t like the way he was running it. They weren’t making the right kind of products that Obama wants them to make. That’s what he said. And it didn’t stop there.

He also said he is putting some of his economic advisers (none of whom have ever run a business, the President included) on the board to work with GM’s board to decide which new cars and technologies they should be making. Then, in the same sentence he says it is not the government’s intent to run the company.

What GM’s CEO Rick Wagoner should have said was, with all due respect Mr. President I don’t work for you. And your advisers are not welcome to ‘help’ us change our company. We, with the help of a free market and a timely bankruptcy, will get out of this. You will have to bring the National Guard to occupy our company while we stand to protect our rights. Thank you very much.

I’m still in shock over what he did and said today. It hits me like a Constitutional Pearl Harbor. Not only ignoring it, which he swore to defend and protect, but re-writing it into his administration.

Shocked but not surprised. During the campaign, the Barack Obama that I and others were saying would be a danger to this country, by reshaping it into his version of socialism, came out of the closet today.

Everything President Obama has done these last 66 days has been dedicated to a re-tooling of freedom and the free-market economy with a move to government controlled health care, banking, and now the auto industry.

The Obama we are seeing today is the real Barack Obama. If you want to see what this means, force yourself to read about what his campaign and his willing accomplices in the media did not want you to know about. Because if you did, Hillary might have been the President instead of Barack.

I would call it detailed and specific of Obama’s past. Of course others will call it an attack.

Here is a sample from The Real Barack Obama. It is a ‘must read’ in order to make any sense to what we are seeing going on in Washington today.

This tape would have ended his run if it had been released before the Democratic National Convention.

The job of the President of the United States consists of only two tasks. To protect and defend its people, and to protect and defend the U.S. Constitution. After you listen to this radio interview that Obama gave in 2001 to an NPR interviewer, you’ll have to ask yourself how this man could even put his and on the bible and take the oath. It is obvious that he feels the founding fathers erred in the creation of this country and its Constitution. And in this interview, he explores ways to fundamentally change it. Not protect it.

related links: The Real Barack Obama | Obama asserts gov’t control over the auto industry | RIP Constitution, Captionfest

Economy, Fair Tax, Politics

Why The Fair Tax? Why Not?

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Compared to the current tax system that we have grown up with, the Fair Tax is revolutionary.

For the last 96 years, lawmakers in Washington have been fixing, adjusting, and targeting the tax laws which are now over 65,000 pages long, and so complicated that the Treasury Secretary himself does not know how to comply with them. And he is in charge of them. The current tax code is too big, too punitive, too complicated, and counter-productive to business, savings, and investment for individual taxpayers as well as business.

For argument’s sake, imagine for a moment, that for the last 96 years we have been operating under the Fair Tax. Taxing consumption instead of income, where people have been getting all of their earned pay in their paychecks every week. And the national averages of income, investment, jobs, and employment levels are what they are.

Then imagine that there is a move in Washington to totally re-vamp and revise the tax code. Proponents of the new plan want to repeal the 131 page tax bill and replace it with a 65,000 page tax bill. Under this new plan, the government can take from 10% to 35% of your hard-earned pay, beginning with your first dollar earned. And if you own a business, the government can take 35% of your business’s income as well. To pay for Social Security, Medicare and other government programs, the government will take 15% of your pay from you and your employer. And when your company is successful to the extent that they realize some capital gains, the government can take 35% of that. Also under this new tax plan, the government will take 45% of your estate upon your death.

Under this new plan, the size of the contributing tax base becomes smaller, increasing the burden on the remaining productive citizens.

Oh by the way, you’ll probably pay a lot of money to have some one figure out what will most likely be the incorrect amount of taxes you owe and you’ll pay for corporate tax compliance by an increase in the costs of goods and services.

OK. Now. Which plan looks best to you? The current Fair Tax plan, or the New Plan?

Economy, Politics

Gordon Brown, Stop, Enough Is Enough

Yeah! What he said! Only directed at President Obama and Congress. “You can not spend your way out of recession or borrow your way out of debt.” This is a must see video. This Dan Hannan guy excellently expressed what most people in America are thinking about their own government.

H/T to Richard Willis’s Blog

Watch Dan Hannan,  European Parliament South East Region Conservative MEP  publicly ripped Gordon Brown’s economic arguments to shreds in a far more eloquent way than I could ever manage.

Economy, Politics

Too Socialist For Socialists

‘The President Of The World’ is beginning to lose favor with the European Union over the Porkulus Bill, also called the $787 B  Stimulus Bill.

The president of the European Union Wednesday lambasted President Obama’s costly economic recovery program as “the way to hell.”

Czech Prime Minister Mirek Topolánek, whose country holds the rotating EU presidency, criticized the $787 billion U.S. stimulus program in unusually sharp comments that highlighted a continuing divide between Europe and the U.S. on crisis-fighting steps. Topolánek said the U.S. was repeating mistakes it made during the Great Depression when it ramped up government spending, and said Washington’s errors would boomerang on Europe.

Who knows socialism better than the EU?

European leaders have resisted U.S. calls for more government pump-priming, fearing the effects of swollen budget deficits. The IMF says the collective stimulus measures being enacted by G20 nations “fall well short of the 2% of GDP recommended by the Fund, especially in 2010.”

Link: EU leader says U.S. plan will debilitate all markets

Fair Tax

The FairTax Calculator

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Try out the calculator online and see how your income would change without having to do a thing. On its own, the FairTax is fundamentally, economically, stimulative.

Uncategorized

Got Globals? Currency

Sec. of Treasury Tim Geithner, responding to his counterpart in China who suggested a possible need to go to a global currency, said he was open to the idea. China, after all, is looking out for their own interests (as it should be), but indicates they are apprehensive about looking out for ours in buying up more of the United States’ debt. On second thought. It would be helpful for the U.S. if China just said ‘no mas’ in financing our debt and the debt of our grandchildren. But I digress.

Because Geithner’s initial response was as ambiguous as the President’s initial response, Rep. Michele Bachmann (R-MN) has introduced legislation that would “bar the dollar from being replace by any foreign currency.”

I’m down with that.  This sounds like bi-partisan legislation, doesn’t it? Won’t it be interesting to see who would not support that bill?

As soon as a bill number becomes available, I’ll update that right here.

While I’m on the topics of the obvious, here’ s another one. How about a bill to require legislators to read bills before they sign them? That, and to make them available online for the public to examine at least 72 hours before voting. I’d rather hold Obama to his 5-day promise when he was campaigning. A promise he has yet to keep. It isn’t a bill yet, but one of those online petitions.

related link: Bachmann bill would ban global currency | ReadTheBill.org

Economy, Politics

Question For President Obama

President Obama had an online Q&A today, taking questions from the Internet. They received 104,074 questions before the 8:30 a.m. deadline.  Since I got there 15 minutes late, they were deprived the benefit of deleting my question for the President. So I’ll just post it here. It will get back to him.

Having known before the last election that the economy was going to be the #1 problem, with the war dropping to a distant second (and why is that again?), how is it that the Treasury department is still understaffed? Why is there no Asst. Secretary and why do 17 of 18 positions remain unfilled 65 days since inauguration day?

Forming his administration was not delayed by a court fight like his predecessor. During his campaign, do you recall how his lack of executive experience was portrayed as bogus right-wing rhetoric? Now, his inexperience is showing and we’re paying the price.

Economy, Media, Politics

And What Caused The Mortgage Crisis?

Many have heard people on the right, not the media, but people on the right, accuse Barney Frank as having a role in the Freddie Mac and Fanny May mortgage meltdown. This C-SPAN video shows his role.

In this video, the word OFHEO is used a lot. OFHEO (Office of Federal Housing Enterprise Oversight) is the regulatory agency setup to monitor them as relates to the Community Reinvestment Act and the subprime mortgage debacle. Nearly two years after the audits began, OFHEO’s one and only report to Congress is what we are seeing in this video.  That, and how all the Democrats on the Banking Committee attacked the messenger and ignored the message. And the rest is history. Thank you Barney Frank and Maxine Waters.

What follows is an excerpt of an October 27, 2008 post The Real Barack Obama. That post explains perfectly all that we are seeing from President Obama today.

The roots of it go back to a law called the Community Reinvestment Act, passed by President Jimmy Carter in 1977, under pressure from a community activist movement that started in Chicago.


ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. Economist Stan Leibowitz wrote in the New York Post

In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.

And ACORN’s involvement in the mortgage crises is compounded, thanks to help from, guess who, Chicago lawyer Barack Obama.

ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary, ACORN Housing, to promote subprime loans more aggressively.

I don’t know how Barack Obama can say with a straight face how he has no ties to ACORN, how he so easily dismisses them as a community group that merely helps low-income people. He is clearly and deliberately deceiving you, and the media lets him get away with it. When he says that, he is telling just as big a lie as ‘I did not have sex with that woman, Miss Lewinsky.’ Barack Obama is not being honest with the American people about who he is and where he wants to take this country. Examining his character and his past is not a distraction from the ‘real issues’ as his campaign will have you believe. First, we need to know who he is.

link: The Real Barack Obama

Media, Politics

Who Do You Trust?

On day 62 of the Obama Administration, already it is a matter of trust.  In no more time than it takes to make a u-turn in an American made V-8 gas guzzling SUV, one can write the Cliff Notes of the Obama Administration’s first 62 days.

On the campaign trail, he promised an open administration. Where the people could read proposed legislation on the internet no less than 10 days before it would be voted on.

From Washington, through fear, doom and gloom, and to prevent an ‘economic catastrophe,’ the President pressed the American people and Congress for the urgent passage of the largest spending bill in world history before anyone could know what was in it. It included a re-tooling of freedom and the free-market economy with a move to government controlled nationalized health care. No debate. No nothing.

On the campaign trail, he promised there would be no more earmarks. That he would check every line of every bill to remove earmarks.

From Washington, President Obama now says earmarks are cool. What is real cool about it is there are over 8500 earmarks in the proposed budget.

On the campaign trail, he promised an end to the special interests and lobbyists.

From Washington, they are not only in his administration, but many of the larger campaign contributors, AIG, are now receiving ‘bailouts.’

Speaking of AIG. Remember ‘those greedy’ employees who ran off with ‘your tax money’ in the form of bonuses? They can thank Barack Obama, Tim Guentner, and Chris Dodd for it. They wanted the employees to get it.   (And, btw, do appreciate  the  campaign contributions.) After seeing to it that you received your bonus, you’ll have to overlook the rhetoric now, calling you greedy rich Wall St. executives. (wink wink) We don’t really mean it, but the public outrage helps us advance the fall of the free market and subsequent rise in government power.

On the campaign trail, he had the solution to our economic problem.

In Washington, out of 18 positions in the Treasury Department, 17 are still unfilled. And Guentner does not have an assistant yet. Have you seen the President out recruiting? Has anyone asked him why, with the economy as the main focus of his campaign, he has the entire Treasury Dept. understaffed? Oh, I  remember. Executive experience wasn’t such a big deal for him. Because, they told us, he would make wise decisions. Remember during the campaign, his aides said that running this presidential campaign (that hasn’t and won’t end) was plenty of executive experience. Way more than the Governor of Alaska had. Way too many people believed it, or just did not care.

In assessing Barack Obama’s performance so far, I am reminded of an Al Gore quote. “He beTrayed this country. He Played On Our Fears!”

Of all that President Obama has done, as opposed to what he campaigned on, do you conclude that he has earned your trust or lost your trust?

Don’t look for polls on ‘trust’ as it relates to Obama himself and his administration. If there were a Republican in the White House, do you think the media would be so mute on the subject? No, that dog died.