Congress just passed a law doing President Obama’s bidding, that of ‘getting those bonuses back.’ These are the same bonuses that the President approved when he signed that stimulus bill on Friday the 13th. That was also the day that the media watchdog died.
If the day comes that this bill passes the Senate and Obama signs it, that will be the day that our Constitution died.
related link: UPDATE:Sen Reid: Senate Should Take Up AIG Bill Before Apr 6
On the economy, President Obama told a few million people in America that we will recover from this if we can get back to the values that built America. So why is he doing all that he can to re-write those values?
“We need to get back to a place where people know enough is enough,” he said. “If we can get back to those values that built America, then we’ll be OK.”
That was right after he promised to do everything he could to “get these bonuses back.” He is referring to using the power of the federal government to take the incomes of private citizens. 70 in particular of our 300 million citizens.
The seismic readings from across the Potomac are coming from our founding fathers turning over in their graves.
MSNBC: President promises on ‘Tonight Show’ to get payments back
Nancy Pelosi and her fellow Democrats are making the move to socialism and total control over our lives on every front. Here’s my account of how far they have come in such a short time. Total or partial control over the financial industry, the auto industry, and most recently dictating how much people in the private sector should be allowed to make. If they can reach directly into your wallet, what’s left? The news media, specifically the print media, newspapers. That’s what’s left.
Is this the kind of change that Obama voters wanted? Somehow I don’t think so. But it is the kind of change we got.
This video from Rush pretty much nails it down for you.
related links: Pelosi asks DOJ to allow newspaper consolidation | House sets up vote today on taxing AIG bonuses
For weeks now, every media outlet has been railing against AIG for paying out bonuses to some of their employees. An easier issue to demagogue does not exist and everyone is on board with it.
The new CEO of AIG says the bonuses are part of their employment contracts. Now, because the government has given AIG billions of dollars to ‘bail them out,’ the administration feels that they have a right to intervene in the employee/employer relationship and pick the pocket of the employees, or ‘workers’ as Obama likes to refer to wage earners.
It was reported early on, but not since about a week or two ago, that the employment contracts like those being harangued by the media are normal for Wall Street traders. That they operate on a ‘low’ weekly salary, and the nut of their income comes in the form of a bonus arrangement based on whatever is well known in the industry and that these contracts were part of the terms of their employment.
If all the above is true, then it is easy to see how dangerous it is that the government is talking about interfering with that employee/employer relationship by voiding the contracts and not paying the ‘workers.’
It feeds the populist feeding frenzy of eating the rich. Only in a socialist state my fiends.
Following up on an opinion piece in the Pensacola News Journal by Air America Radio host Mike Papantonio, the Lunch Counter post Rush Has Zero Impact was essentially, a copy of the comment I made on the PNJ’s website where the talk show host’s column first appeared.
Curiously enough, that same comment does not pass moderation on the Huffington Post, where the same article appeared today.
No, I’m not complaining. Just observing the thin skin of the Air America Radio people on Baylen Street. Actually, it is the Fairness Doctrine in action, as they would like it. Liberals in action are so amusing.
The Pensacola Fair Tax Advocates will be bringing the facts on the Fair Tax to Pensacola. The Fair Tax is an alternative method to the current tax system for financing the federal government, and is an economic engine all on its own when compared to the current taxing system. The Fair Tax would do more to revitalize our economy and at no cost to future generations than the proposals currently coming out of Washington. If you would like to know more, like why and how the Fair Tax is a better way to finance the government, please join us on Tuesday evening 6PM to eat, 7PM for the presentation, March 31, 2009 at Jerry’s Cajun Cafe.
The FFTEA (Florida Fair Tax Education Association) is recruiting Fair Tax advocates. Now seeking Community Coordinators in the Panhandle in Congressional District 1. Please come and enjoy the food, fellowship, and fun in getting the word out about the Fair Tax.
Ross Calloway, Co District Director (FFTEA) Call 850-512-9860 for more info or visit our website at http://www.meetup.com/Pensacola-Fair-Tax-Meetup-Group/ or my blog at https://rosscalloway.com/fair-tax-economic-recovery/
My how things change when you leave politics out of it.
During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.” Obama’s team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.
But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC’s “Meet the Press” if the fundamentals of the economy were sound, she replied: “Of course they are sound.”
Never mind Obama. How’s the media going to take this 180?
President Obama spoke in the Oval Office today, Friday 13, 2009, after meeting with economic adviser Paul Volcker and members of his business advisory board. Here’s AP’s account of the chat, ‘Obama: Help coming for those facing economic pain.’ What does ‘for those’ mean?’ I’m of the impression that the whole country is facing economic pain, not just ‘those.’
– President Barack Obama on Friday acknowledged that many families are suffering “incredible pain” from the economy but said his government is on a daily campaign to get credit flowing and build a long-term recovery.
He is right about one thing. The ‘daily campaign’ part. The ‘his government’ was kind of cute too. The teleprompter just isn’t working to boost confidence that he has a clue. Confidence is what the market is looking for, and does not yet have. The ’empty suit’ is showing again.
“If we are keeping focused on all the fundamentally sound aspects of our economy – all the outstanding companies, workers, all the innovation and dynamism in this economy – then we’re going to get through this,” Obama told reporters in the Oval Office. “And I’m very confident about that.”
Did he say ‘the fundamentally sound aspects of our economy?’ (bad images of John McCain going through my head) I’m glad President Obama feels confident. I’m not. This one statement shows Obama’s lack of understanding of our economy. There is one fundamental aspect of our economy that he omits, the weight and level of involvement of government on the free market. To be fair, it may not be a lack of understanding on his part. If not that, then he is being intellectually dishonest and deceptive in discussing the economy and its performance by leaving government involvement out of the picture. Neither one makes me feel very confident. Which one works for you?
Under his bailouts, nationalization and stimulus plans, the exceptionalism of our people (he refers to as workers), and the innovation and dynamism of our companies will be all but gone. I suppose it depends on what your definition of ‘getting through this’ is? Someone should ask him. Maybe Jim Cramer from CNBC’s business channel. Does it mean recovering once again as a free-market economy like we used to be, or recovering as a more socialist country with the lousy economy that goes with socialism?
He said more help will be announced soon for small businesses, but did not elaborate.
I can elaborate. Card Check. That’s what he has in store for small business. Card Check is a labor union ticket to organize small business, and any other size business. Card Check will depress and suppress small business. Which will be mirrored by the economy. Can’t wait to hear him spin Card Check as being good for small business. I mean, when he campaigned, he said ‘no more earmarks.’ Now that he’s elected, and the Pelosi / Reid budgets are in front of him, earmarks are cool.
Pushing a big agenda for health care, energy and education, Obama said he was seeking a “post-bubble economic growth model.”
Wouldn’t it be preferable, safer, and cheaper to recover the economy BEFORE going into the grand government health care scheme? NO, before nationalized health care. How about announcing your plans to fix Social Security, which even if we were in good economic times, will bankrupt the country all on its own? On that point, there isn’t even any argument. (embarrasing images of Obama, the ‘long-term thinker’ come to mind)
“The days when we are going to be able to grow this economy just on an overheated housing market or people maxing out on their credit cards, those days are over,” he said.
It’s good that he is at least admitting, in a way that only Obama can, that the Left’s idea of putting people in houses that they can’t afford was not a good idea.
“We’ve got to get through this difficult period,” he said. “And, look, there are a lot of individual families who are experiencing incredible pain and hardship right now. If you’ve been laid off at your job, if you’ve lost your home, then, you know, right now is very tough. But we’re providing help along the way.”
And getting used to living in a socialist nation will take time. Just hang in there and remember, we feel your pain.
Here’s a real-life example that speaks to the benefits of the Fair Tax in attracting business from around the world. It is the exodus of business from the United States as they escape the ‘tax hammer’ of the politicos in Washington. They are moving their domicile to Switzerland. How’s that for an economic stimulus?
As the Obama administration prepares to hit the energy industry with a $10 Billion tax ‘incentive’ (his word, not mine), the law of free-market economics does what it does just as sure as gravity does what it does, it ignores the will of the political class.
The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced plans to move to Switzerland — mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama’s tax-seeking administration.
In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes’ drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates to attract commerce after World War Two.
The Fair Tax would, all on its own and without increasing our national debt, change the global business paradigm by making the United States the tax haven for businesses around the world.
Link: RPT-FEATURE-Corporate oil booms in low-tax Switzerland
‘Limbaugh’s political influence is not vast at all.’ That, according to Air America Radio host of the Ring of Fire program, Mike Papantonio.
That’s why I thought it odd that he would go to all the trouble to offer his political advice to RNC Chariman Michael Steele. Which is, have Rush start a third party.
I’m sure Rush will be taking advice from Mike Papantonio and/or Michael Steele. Besides he wouldn’t take the pay cut. Look what good advice it is. Split the party, dilute what little solidarity there is in the GOP, guarantee Democrats stay in power in Washington. Yeah, that sounds like a plan Rush would like. 🙄
The heartburn Papantonio has with Rush is two-fold. Professional envy is probably his biggest motivator. Rush is a conservative first, not a Republican first. And, Papantonio knows that conservatism is the antidote to the liberalism / socialism as proscribed by the Democrats in Washington today.
That one man, Rush, can create such an uproar on the Left belies the irrelevancy that is ascribed to him by Mike. It takes away from examining the real issues, like how Obama’s Cap and Trade plan will raise the cost on the poor for gasoline, natural gas, home heating oil, and electricity.
The poor can thank Obama for not raising their taxes. The poor can also thank Obama for replacing it with higher fuel and energy costs on them. And Rush can stay right where he is.