Showing posts with label stimulus. Show all posts
Showing posts with label stimulus. Show all posts

Sunday, May 30, 2010

Stimulus II: Blowing Smoke...

Wake Up America has broken silence with a press release which I urge you to read. Bottom line: the 'crats are "blowing smoke...." They just passed a fraudulent stimulus bill which goes to the Senate next week.

Our economic problems are caused by irrational actions and government interference in the free market; they won't be solved by more of the same. Our problems won't be solved with expanded national debt and the inevitable crush of interest payments and spiraling interest rates to follow.



FUZZY MATH OF "STIMULUS II"
WAM Press Release
May 29, 2010

Ignoring the abject failure of last year's "Stimulus" spending spree, which snowballed the now staggering Federal debt, this week the House of Representatives passed a second stimulus bill. "Blue Dog" Democrats who touted their opposition held back their votes for just a day or two before joining their party's "Progressive" leadership in moving this bill to the Senate for final passage. Public attention to the flaws and consequences of this legislation have been kept at bay, in part, by the bill's numerous name changes on its way to passage. Retitled six times H.R.4213 is now named the "American Jobs and Closing Tax Loopholes Act of 2010." However, the loopholes this legislation contains far outnumber any which it corrects.

Like its cousins, Obama Care, Serve America, Financial Reform Act, etc. this legislation exceeds a thousand pages. Thus, as these other Obama's make-over-of-America laws, its momentous scope and long term destruction will further derail the American way before most of us ever get to review its actual contents. Excerpted from opencongress, even this brief summary reveals that "Stimulus II" is weighted down by the same fuzzy math that has typified the Progressives disregard for reality and ineptitude for economic problem solving:

- Emphasizing that this is a "smaller stimulus" Stimulus II comes in at a cost of about "$127 billion in new short-term spending." The ruling Democratic party, undeterred by the multi-generational debt they continue to multiply, once again contradicted themselves by its passage. Take, for instance, this pre-passage comment made by VA Democrat, Rep. Gerald Connolly, the day before it sailed through: "But it is not paid for. Until somebody shows me a path for this being paid for, I am a no." Yet, Connolly, like his fellow Democrats, voted "Stimulus II" quickly through the very next day anyway! With a vote of 240 to 170 (all GOP Representatives voted Nay) not one single Democrat voted against its passage.

- Translating the bill's inspiring title into actual fact, its largest single pay-out provides extension of unemployment benefits to the end of November, 2010. It also extends COBRA health care benefits for the unemployed for the same period. This makes it self-evident that its Democratic support serves a primary purpose of vote-getting from the 9.5+ % of Americans who are out of jobs! Evidently, "hoping" We the People just won't notice that, even with its dollar juggling distortions, "Stimulus II" increases the national debt by a minimum of $31 billion dollars! (Even that figure does not take into account that expenditures are immediate while its potential revenue is protracted over the next decade.)

- As for the rest of the $127 billion dollars it draws out of thin air, "Stimulus II" claims it will collect about $47 billion dollars in new taxes over the next ten years. An elementary school child could calculate that spending so much money (that doesn't even exist) now for a fraction of a return in the future, just doesn't add up. So, why can't a Congress of educated adults see that obvious outcome?!

- And where are these tax dollars to come from? In part, from a revised tax code for hedge fund managers. Current law allows these financial moguls to file at "capital gains rates rather than regular income tax...(this) creates situations where billionaires end up paying a lower tax rate than their secretaries." Under "Stimulus II", these individuals will pay normal income tax - but only on "the first 60% of their income." The remaining 40% of their revenue will "still be taxed at the lower rate." This part of the bill conveys the double talk that's trademark of Obama's administration by appearing to address inequities while actually catering to their Wall Street supporters.

- "Stimulus II" 2nd largest expenditure "delays a scheduled 21.2% cut in doctors Medicare reimbursements until January 2012." This huge pay cut for physicians, repeatedly forestalled since 2003, by the Democratic controlled Congress, thus borrows non-existent funds to delay the inevitable for this calendar year. Thus, another unresolved crisis is swept under the rug until after November's elections.

- The other main "tax loophole" addressed closes American companies ability to operate offshore for tax savings and prevents S corporations from avoiding Social Security taxes. It's noteworthy that this Act corresponds to Secretary of State Clinton's public statement this week that she still believes "the rich" are not paying enough in taxes.

- The bill's 3rd largest item is about $25 billion more for Bulld America Bonds (from the original "Stimulus") with reduced rate loans for state and local governments to undertake infrastructure and highway repairs. Is anyone on Capitol Hill noticing that those governmental bodies are already broke and have no means to repay such loans?

- As for any actual "Stimulus" in this Act, it is said to provide "some small business tax credits . . . a new summer jobs program . . .and tax incentive for clean energy development." Has no one told Congress that forestalling the unemployment crisis, expanding the national debt and generating (again, pre-election only) summer jobs are not viable ways to build up an economy?

The above overview of this House passed nonsense is from Open Congress. Other sources indicate numerous large pay-outs for teacher's pensions, labor unions, Native Americans, etc. Combined, these expenditures warrant a truer title of this bill to be "Protect the Party Pay Out Act."

No doubt more secreted land mines still lay in wait, once this sweeping new Fed package is examined. At first glance, we know this much: the Democrats are back to the press printing billions more dollars. What for? "Hoping" to hold pre-election favor with party patrons and the long-term unemployed; to temporaily plug one hole in their Health Care mess; to shore up their youth vote with part-time, short term jobs and to enable their politically driven "green drive" while giving a semblance of support for state infrastructure. Whose to pay the bill for these self-serving objectives? Certainly not the Congressmen who voted through the fiasco they call "Stimulus II."

It doesn't take an economist to see nothing of note in this massive spending spree meaningful to buoy real job creation. What it reveals, instead, is a short-sighted one sided political agenda that brings unfunded mandates to a whole new level of precipitating total national economic disaster. Adding to the travesty of this insane legislation is the fact that any pretense from Blue Dogs of fiscal responsibility has crumbled with "Stimulus II" passage. Only 16 Democrats did not vote for this bill, choosing instead to abstain from voting - the political equivalent of hiding behind a tree and hoping that no one will notice.

Ironically, other media reports seem more concerned with the one-week gap in funding unemployment (which expires June 2) than this bill's absence of meaningful employment creation. Pretending a political magic Act (with the word "Jobs" in the title) can substitute for sound math, H.R. 4213 will go before the Senate on June 7 (after that weary body returns from their week long Memorial Day holiday.) Every concerned American should contact your Senators now - at their in-state offices. Let them know you are paying attention to the national debit, even though Capitol Hill isn't!

OpenCongress link to information on this bill: http://www.opencongress.org/bill/111-h4213/show

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Wednesday, September 30, 2009

Campaign to Impeach President Obama

I assumed that President Barack Hussein Obama would finish his first term in office before the commencement of any campaign to impeach him. I expected that he would be half way through his first term before it would happen. I was wrong. Today I opened an email from the Impeach Obama Campaign, a program of the Policy Issues Institute . The email explained why the President should be impeached and urged me to click this link to read the Articles of Impeachment and give my assent to them.

Floyd Brown, the email's author, has Impeachment campaign experience. Judging by the email, a great deal of passion is invested in this campaign, but not enough proof reading.

The campaign is distilled down to two articles of impeachment, which accuse President Obama of the following listed impeachable acts.



  • unlawfully exercised the authority of his office to take private property for public use in violation of the Fifth Amendment of the United States Constitution, which guarantees to the People that “private property shall not be taken for public use without just compensation,” and without “due process of law”;
  • unlawfully interfered with the management of private companies for the purpose of achieving government control of them, in violation of the Fifth Amendment of the United States Constitution.
  • unlawfully interfered with the economic rights of the People by imposing unreasonable impairments in the fulfillment of their intended contractual obligations, and their ability to enter into such contracts, and attempting to change our fundamental economic system, where there is no significant or legitimate public purpose to do so.
  • unlawfully engaged in a conspiracy to suppress evidence of the true place of his birth. This obstruction of justice has resulted in a violation of the Constitutional provision that a President of the United States must be a natural born citizen.
  • Unlawfully refused his assent to the Laws of the United States, and exercised false powers of veto that are contrary to Constitution.
The first three charges, associated with the "bail out" & "stimulus", seem to be substantial and provable. The two charges in the second article seem more problematic. I can't imagine that the House of Representatives, with its solid Democrat Party majority, will accept the charge of conspiring to suppress evidence of his place of birth. I fail to make the connection with the last charge and any current event.

I entertain serious doubt that the impeachment campaign can bear full fruit, but, if it flowers into a full campaign with substantial popular support, it may weaken the Obama administration sufficiently to save some of our liberties. I have therefore added my endorsement and suggest that other Conservatives read the Articles of Impeachment and consider signing on to them.

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SOLDIER"S ANGELS NEEDS YOUR HELP!

The Veterans Hospital in Tucson needs our help!!! They have contacted Soldiers' Angels with a list of needs for their patients. Soldiers Angels needs your help in making some of these come true.

Below you will find just a small portion of needs that are immediate. You can also find this list posted on the Soldiers Angels Forum at www.soldiersangelsforum.com you will be able to find lots of great information there for our deployed and vets.

If you are sending a monetary donation please follow the link and indicate the State you are in.

Donate here;
Ttp://soldiersangels.org/index.php?page=veterans-support

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Dry Skin Cream
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Underwear (men and women (all sizes)
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Balls, badminton set, Frisbees, football)

If you can send just one item that would be great!!! If each person sends one thing we will make a difference! They are also needing those who can volunteer time at the hospital just contact the Voluntary Services Dept. For information.

Mail Items to:

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My Favorite Speeches and Other Items of Interest

  • George Bush's March 28, 2007 Discusses Economy, War on Terror During Remarks to the National Cattlemen's Beef Association;http://www.whitehouse.gov/news/releases/2007/03/20070328-2.html
  • Mitch McConnell's March 15, 2007 Funding For Troops, Not Timelines for Retreat; http://mcconnell.senate.gov/record.cfm?id=270747&start=1
  • Ronald Reagan's June 12, 1987 Tear Down This Wall Speech; http://www.reaganfoundation.org/reagan/speeches/wall.asp
  • Vice President Cheney's March 12, 2007 Remarks at the AIPAC 2007 Policy Conference; http://www.whitehouse.gov/news/releases/2007/03/20070312.html

Winston Churchill Quotes

  • A prisoner of war is a man who tries to kill you and fails, and then asks you not to kill him.
  • Although personally I am quite content with existing explosives, I feel we must not stand in the path of improvement.
  • Although prepared for martyrdom, I preferred that it be postponed.
  • Attitude is a little thing that makes a big difference.
  • Battles are won by slaughter and maneuver. The greater the general, the more he contributes in maneuver, the less he demands in slaughter.
  • Danger - if you meet it promptly and without flinching - you will reduce the danger by half. Never run away from anything. Never!
  • I always seem to get inspiration and renewed vitality by contact with this great novel land of yours which sticks up out of the Atlantic.
  • I am an optimist. It does not seem too much use being anything else.
  • I have nothing to offer but blood, toil, tears and sweat.
  • I like a man who grins when he fights.
  • I was only the servant of my country and had I, at any moment, failed to express her unflinching resolve to fight and conquer, I should at once have been rightly cast aside.
  • If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time-a tremendous whack.
  • In war as in life, it is often necessary when some cherished scheme has failed, to take up the best alternative open, and if so, it is folly not to work for it with all your might.
  • It is no use saying, 'We are doing our best.' You have got to succeed in doing what is necessary.
  • Moral of the Work. In war: resolution. In defeat: defiance. In victory: magnanimity. In peace: goodwill.
  • Never in the field of human conflict was so much owed by so many to so few.
  • Never, never, never give up.
  • No folly is more costly than the folly of intolerant idealism.
  • One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching, you will reduce the danger by half. Never run away from anything. Never!
  • Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
  • Success is not final, failure is not fatal: it is the courage to continue that counts.
  • The first quality that is needed is audacity.
  • The nose of the bulldog has been slanted backwards so that he can breathe without letting go.
  • The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is.
  • There is no such thing as public opinion. There is only published opinion.
  • These are not dark days: these are great days - the greatest days our country has ever lived.
  • They are decided only to be undecided, resolved to be irresolute, adamant for drift, solid for fluidity, all-powerful to be impotent.
  • True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.
  • Victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory, there is no survival.
  • War is a game that is played with a smile. If you can't smile, grin. If you can't grin, keep out of the way till you can.
  • War is mainly a catalogue of blunders.
  • We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
  • We shall draw from the heart of suffering itself the means of inspiration and survival.
  • When the eagles are silent the parrots begin to jabber.
  • When you are winning a war almost everything that happens can be claimed to be right and wise.
  • You have enemies? Good. That means you've stood up for something, sometime in your life.

Ronald Reagan Quotes

  • "The trouble with our liberal friends is not that they're ignorant: It's just that they know so much that isn't so."
  • Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have.
  • All the waste in a year from a nuclear power plant can be stored under a desk.
  • Approximately 80% of our air pollution stems from hydrocarbons released by vegetation, so let's not go overboard in setting and enforcing tough emission standards from man-made sources
  • Come here to this gate! Mr. Gorbachev, open this gate! Mr. Gorbachev, tear down this wall!
  • Concentrated power has always been the enemy of liberty.
  • Double, no triple, our troubles and we'd still be better off than any other people on earth. It is time that we recognized that ours was, in truth, a noble cause.
  • Facts are stupid things.
  • Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
  • Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
  • Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
  • Governments tend not to solve problems, only to rearrange them.
  • History teaches that war begins when governments believe the price of aggression is cheap.
  • How can a president not be an actor?
  • How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
  • I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress.
  • I will stand on, and continue to use, the figures I have used, because I believe they are correct. Now, I'm not going to deny that you don't now and then slip up on something; no one bats a thousand.
  • In Israel, free men and women are every day demonstrating the power of courage and faith. Back in 1948 when Israel was founded, pundits claimed the new country could never survive. Today, no one questions that. Israel is a land of stability and democracy in a region of tryanny and unrest.
  • Let us ask ourselves; "What kind of people do we think we are?".
  • Man is not free unless government is limited.
  • My philosophy of life is that if we make up our mind what we are going to make of our lives, then work hard toward that goal, we never lose - somehow we win out.
  • No mother would ever willingly sacrifice her sons for territorial gain, for economic advantage, for ideology.
  • Of the four wars in my lifetime, none came about because the U.S. was too strong.
  • Our forbearance should never be misunderstood. Our reluctance for conflict should not be misjudged as a failure of will. When action is required to preserve our national security, we will act.
  • Protecting the rights of even the least individual among us is basically the only excuse the government has for even existing.
  • Some people wonder all their lives if they've made a difference. The Marines don't have that problem.
  • The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas - a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
  • The United Sates has much to offer the third world war.
  • There are no easy answers' but there are simple answers. We must have the courage to do what we know is morally right.
  • To paraphrase Winston Churchill, I did not take the oath I have just taken with the intention of presiding over the dissolution of the world's strongest economy.
  • Today we did what we had to do. They counted on America to be passive. They counted wrong.
  • We are never defeated unless we give up on God.
  • We have the duty to protect the life of an unborn child.
  • We must reject the idea that every time a law's broken, society is guilty rather than the lawbreaker. It is time to restore the American precept that each individual is accountable for his actions.
  • We will always remember. We will always be proud. We will always be prepared, so we will always be free.
  • Within the covers of the Bible are the answers for all the problems men face.
  • You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.

Eleanor Roosevelt Quotes

  • No one can make you feel inferior without your consent

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