Archive for the ‘Economics’ Category

Democrats Run From Their Record: epic fail obama

September 24, 2010

How bad is it for Democrats? They’re running against their own programs. ObamaCare, cap-n-tax, you name it, they’re against it now. This situation reached absurdity when five Democrat members of Congress ran ads claiming to have voted “no” on TARP. The five are Frank Kratovil (MD), Dina Titus (NV), Mary Jo Kilroy (OH), Kathy Dahlkemper (PA) and Glenn Nye (VA). The inconvenient truth is, according to FactCheck.org, “None of the five lawmakers who are running these ads is listed in the roll call vote. That’s because none of them had taken office yet.” But if they had been in Congress, they would have been against it. Yeah, that’s the ticket.

“I still remember Sasha, when she was three months old … had meningitis, and she had to get a spinal tap, and they had to keep her [in the hospital] for three or four days. … I still remember that feeling of just desperation, watching the nurse take her away to provide treatment for her. But I was thinking, what if I hadn’t had insurance?” –Barack Obama at a “backyard discussion” in Virginia about health care

Obama lectures the press to leave his girls alone, yet turns around and uses them as a political prop whenever it suits his own leftist policy initiatives.

However, he does “take the blame” for public opposition to ObamaCare. “Sometimes I fault myself for not being able to make the case more clearly to the country.” He may think that if only he had talked more about it, voters would get it, but as the first provisions kicked in this week, it’s more likely that voters will now blame Democrats for every health care problem.

SOURCE

The Recession Is Over? Yeah, right…

September 24, 2010

In case you missed the news, the recession is over. As of June 2009, no less. So say the economic sages at the National Bureau of Economic Research, the arbiter of these things. According to the NBER, the recession began in December 2007 and lasted 18 months — the longest since the Great Depression. That it’s over is good news, but there’s a “but.”

“On the other hand,” writes The Wall Street Journal, “the recession was only two months longer than the 16-month downturns of 1973-1975 and 1981-82, the two other most serious post-World War II periods of falling economic growth. The 2007-2009 downturn was painful but not extraordinary in historical context. What is different about this period is the relative weakness of the economic recovery.”

For years after 1982, GDP growth was at least 4 percent. Today, GDP remains below that of the fourth quarter of 2007. One difference is that in 1983, Ronald Reagan’s cuts in marginal tax rates were taking hold, while in 2010, the economy is bracing for trillions of dollars in tax increases in January. The current administration’s “recovery” policies have also been a major drag on economic growth, no matter how they may crow about their “success.”

Since January 2009, the economy has lost 3.2 million jobs, and the current 9.6 percent unemployment rate is higher than the 9.5 percent in June 2009 when the recession supposedly ended. U.S. household net worth fell by another $1.5 trillion in the second quarter, and is now $10.7 trillion less than at its high point in 2007. Foreclosures are at record highs.

Perhaps all of this is why some of the jobs now being shed are those of Barack Obama’s economic advisers. He may say on the campaign stump that Tea Party supporters are “misidentifying who the culprits are” for this economic trouble, but heads are rolling at the White House. “This is tough, the work that they do,” Obama said. “They’ve been at it for two years, and they’re going to have a whole range of decisions about family that will factor into this as well.” As in spending more time with family.

Lawrence Summers, chairman of the president’s National Economic Council, is heading back to Harvard. Apparently, the “Recovery Summers” is over. Other recent departures include budget director Peter Orszag and head of the Council of Economic Advisers Christina Romer. Meanwhile, Herb Allison, who took charge of the Troubled Asset Relief Program in April 2009, is stepping down. That leaves Treasury Secretary Timothy “Turbo Tax Cheat” Geithner as the lone remaining member of Obama’s original economic team.

We’ll say it again: In order to generate real economic growth, tax rates must remain level (or, even better, decline), regulation must ease and, in general, government must shrink. Of course, Obama and his refurbished economic team are unlikely to come to the same conclusion.

SOURCE

We won, this time…

September 24, 2010
DISCLOSE Act Defeated in Senate

Gun Owners of America E-Mail Alert
8001 Forbes Place, Suite 102, Springfield, VA 22151
Phone: 703-321-8585 / FAX: 703-321-8408
http://gunowners.org

Thursday, September 23, 2010

The U.S. Senate today defeated the so-called DISCLOSE Act when it failed to garner the 60 votes necessary to overcome Republican objections to the bill. The final vote was 59-39.

Even though the exact same bill, sponsored by Chuck Schumer (D-NY), had been defeated just two months ago and was unlikely to pass, anti-gun Majority Leader Harry Reid (NV) brought it up for another vote to “stir up” his left-wing base.

Instead of protecting the most important type of speech protected by the First Amendment — political speech — with this bill Congress attempted to force groups like GOA to “disclose” the names of donors in certain political advertisements.

Since Gun Owners of America will never disclose its membership lists to the federal government, it could be prohibited from running radio or TV ads exposing a federal candidate’s voting record in the weeks leading up to an election.

Senate Minority Leader Mitch McConnell (KY) aptly summed up the bill when it came to the floor in July:

“This DISCLOSE Act is not about reform, it’s nothing more than Democrats sitting behind closed doors [choosing] which favored groups they want to speak in the 2010 elections — all in an attempt to protect themselves from criticism of their government takeovers, record deficits and massive unpaid-for expansions of the federal government into the lives of the American people.”

With a lame-duck session of Congress looming after the election, anything is possible — including another attempt to push through DISCLOSE. So please stay tuned.

It’s back: Disclose Act returns

September 23, 2010

Anti-gun Senate Majority Leader Harry Reid (NV) is giving voters yet another reason why he must be defeated in November.

Preparing for heavy losses in the general election, anti-gun Democrat leaders like Reid and Charles Schumer (D-NY) appear to be readying for a vote on the so-called DISCLOSE Act, possibly this week.

While Reid has not yet officially taken the necessary steps to move the bill, his communications director sent out this Tweet on Tuesday: “We’re debating DISCLOSE Act tomorrow [Wednesday] w/ vote Thursday.”

You may recall that the DISCLOSE Act, which passed the House in June, died in the Senate in July after an intense lobbying effort by Gun Owners of America and other groups.

The bill, sponsored by Schumer, puts severe and unconstitutional limits on GOA’s ability to hold individual congressmen accountable in the weeks leading up to an election.

Instead of protecting the most important type of speech protected by the First Amendment — political speech — this bill would force groups like GOA to “disclose” the names of donors in certain political advertisements.

Since Gun Owners of America is not willing to disclose its membership lists to the Federal Election Commission, we could be prohibited from running radio or TV ads exposing a federal candidate’s voting record within 60 days of a general election.

This is just another attempt by pathetic, anti-gun politicians to save their jobs before the political earthquake in November strikes.

And, as has been the case so often over the past two years, Reid, Schumer and Co. are using the rules of the Senate to bring the bill directly to the floor. There have been no committee hearings to debate the merits of the bill, thus the American people have no opportunity to see just how egregiously DISCLOSE violates the Constitution.

While the bill does contain a controversial provision to exempt the National Rifle Association, GOA remains adamantly opposed to it on constitutional grounds.

Please urge your Senators to protect ALL of the Bill of Rights. Remind them that your ability to protect the Second Amendment relies on the safeguards of the First Amendment.

ACTION: Please contact your Senators and urge them to oppose the DISCLOSE Act. You can use the Gun Owners Legislative Action Center at http://gunowners.org/activism.htm to send your Senators the pre-written e-mail message below.

—– Pre-written letter —–

Dear Senator:

I stand with Gun Owners of America in opposing Senator Schumer’s so-called DISCLOSE Act.

This bill was defeated once in the Senate, but now anti-gun Majority Leader Harry Reid plans to bring it back to the floor for another vote.

The DISCLOSE Act is just another attempt by politicians to cling to their jobs by silencing groups like Gun Owners of America.

And, as has been the case so often over the past two years, Reid, Schumer and Co. are using the rules of the Senate to bring the bill directly to the floor. There have been no committee hearings to debate the merits of the bill, thus the American people have no opportunity to see just how the ironically named DISCLOSE Act violates the Constitution.

Gun Owners of America represents the views of hundreds of thousands of Second Amendment supporters. Any bill that squelched the free speech rights of groups like GOA is also an attack on my rights.

Please vote NO on Sen. Schumer’s DISCLOSE Act.

Sincerely,

The Senate will likely vote on the DISCLOSE Act again TODAY. That’s why we’re sending this message earlier than normal. It’s urgent that you act quickly.
Incumbents banded together in 2002 to make it effectively a crime, punishable by jail, for a non-profit group like DownsizeDC.org to broadcast issue ads during the final days of an election campaign.
The Supreme Court fixed this problem earlier this year, getting something right for a change. In the Citizens United case they restored the right of non-profit corporations like DownsizeDC.org, Inc., to broadcast issue ads during elections.
The name of the case fits. Non-wealthy CITIZENS are UNITED in organizations: They band together using their First Amendment rights of association and press to publish and broadcast their opinions. Bad laws have forced we citizens into a legal cul de sac, where WE NEED CORPORATIONS LIKE CITIZENS UNITED AND DOWNSIZE DC TO HELP US ACHIEVE OUR GOAL OF BEING HEARD. But . . .
In this year when most Americans want to fire Congress, the incumbent politicians are making a last ditch effort to protect incumbency — by chilling dissent. Here’s what’s at stake . . .
Because DownsizeDC.org is un-willing to expose its list of supporters (your name) to the Federal Election Commission we would be PROHIBITED from running ads exposing a candidate’s record.
We explain, in greater detail, how this law would affect the groups you love most at the web page opposing the anti-First Amendment DISCLOSE Act.
To create artificial demand for this terrible bill, numerous politicians, including the President, have lied about the Citizens United decision. It’s time to call them on it — literally.
First, send them a letter RIGHT NOW. Here’s what I wrote using DownsizeDC.org’s Educate the Powerful System:
There has been a massive disinformation campaign designed to push through this anti-First Amendment bill.
* Some Representatives and Senators have said that the Citizens United ruling overturned 100 years of law, when it fact it merely overturned a 20-year old decision. http://tinyurl.com/2f9c4qq
* Many of these same incumbent politicians claimed that now major corporations, like BP, would be able to buy our elections (one of your members even said bribery was now legal!).
* Which is richly ironic, because . . .

a) The DISCLOSE Act only restricts regular-sized non-profits while exempting behemoths like the NRA and AARP, and . . . http://tinyurl.com/2vxe23w
b) Major commercial corporations have always held tremendous sway over our government, and any pretense that they don’t insults my intelligence. http://en.wikipedia.org/wiki/Regulatory_capture
Face it: The DISCLOSE Act is about NOTHING MORE THAN CHILLING DISSENT.
And I’m in on the secret.
If you vote for this bill then it means you want to disenfranchise the little guy for the benfit of yourself and big special interests.
There’s a better alternative. As James Madison said Federalist No.10, the best way to counter the influence of tremendous wealth, and the concentrated benefits that big corporations seek, is to foster the freedom for many voices to join the political fray. That’s why the First Amendment reads, “Congress shall make no law,” that even “abridges” (remotely infringes) on my rights of association and expression — NO LAW.
I emphatically urge you to work and vote for a filibuster, and failing that, to work as hard as you can to defeat the DISCLOSE Act.
END LETTER
Second, because the vote is occurring today, PLEASE ALSO CALL YOUR SENATORS ON THE PHONE. Their numbers are provided on the same page where you send your letter to Congress, if you’re logged-in to your account.
Remember to tell them you’re a constituent of theirs, and to be brief, polite, but forceful.
Please pass this message on to others, removing the information below my signature so no one accidentally unsubscribes you. Also, if you have a blog, please repost this information.
Jim Babka
President
DownsizeDC.org, Inc.

GOP’s ‘Pledge to America’

September 22, 2010

Why does the Taxed Enough Already Libertarian come out in me when I hear Republicans talk like responsible people? 1994 and the Contract with America maybe? Anti- Constitution Republicans maybe? Republicans In Name only like John McCain maybe..?

House Republican leaders will unveil a 21-page “Pledge to America” on Thursday that presents a “governing agenda” for what Republicans would do if they win control of Congress in November.

CNN obtained a copy of the document Wednesday.

The plan focuses primarily on jobs and the economy, with a short reference in the “preamble” to the party’s position on social issues.

Full Story

Can Republicans, based upon their history, be trusted with the reins of government? Would you trust an active crack whore with your safety and well being? That’s precisely what Republicans act like once they get into power.

The alternative though?

Analysis: Summers exit lets epic failure obama retool team and message

September 21, 2010

Sheer idiocy, sheer idiocy I tell you! Socialism and Communism just don’t work great leader with Romulan ears! Such an epic failure! The American people deserve so much better in their leaders!

Read on…

(Reuters) – The departure of economic adviser Larry Summers opens the way for President Barack Obama to shake up leadership of his economic team and show he is taking seriously growing public frustration over the sluggish economic recovery.

Whoever replaces Summers will have policy options constrained by a record $1.47 trillion budget deficit and the possible Democratic loss of control of the House of Representatives in November 2 congressional elections.

* With slow economic growth and nearly double-digit unemployment the central issues in the elections, Summers’ exit continues the overhaul of Obama’s economic team, after White House budget director Peter Orszag and top White House economist Christina Romer departed recently.

Obama’s team had been widely criticized for overly optimistic forecasts about an economy that has not gathered enough steam to erode stubbornly high unemployment.

Word of Summers’ departure followed a town hall meeting on Monday where Obama came face-to-face with supporters disillusioned with his economic recovery efforts.

Full story HERE

Read it… Then go and find a royal throne to puke in.

Our impostor in chief yet again fails to accomplish anything, anything at all that the fools that voted for him wanted. I personally think that is a good thing. A very good thing.

Obama uses IRS to retaliate against opponents

September 21, 2010

The Weekly Standard reports that Barack Obama may have seized private tax information provided by the IRS in order to retaliate against his political opponents.

In several speeches Obama singled out Americans for Prosperity, which is owned by two libertarian billioinaires, Charles and David Koch.  Koch Industries actively opposes Demoratic candidates.
But an attorney for Koch Industries–the parent company of Americans for Prosperity–charges that the Obama White House crossed a line in obtaining private tax information, which they use to bash organizations like Americans for Prosperity.
The smoking gun appears to be a statement made by a senior Obama official who told reporters about the scheme. According to the Weekly Standard:
“…a senior Obama administration official told reporters at an August 27 on-the-record background briefing on corporate taxes:
“So in this country we have partnerships, we have S corps, we have LLCs, we have a series of entities that do not pay corporate income tax. Some of which are really giant firms, you know Koch Industries is a multibillion dollar businesses. So that creates a narrower base because we’ve literally got something like 50 percent of the business income in the U.S. is going to businesses that don’t pay any corporate income tax. They point out [in the report] you could review the boundary between corporate and non-corporate taxation as a way to broaden the base.”
Full Story HERE, and be sure to read the comments!

World Hero of Solidarity?

September 21, 2010

The hero of obamanites everywhere, had this to say… Read on.

Part-time Cuban leader and full-time despot Fidel Castro gave a long overdue tip of the hat to Econ 101 when asked recently whether Cuba’s economic model was “worth exporting” to other countries. His reply: “The Cuban model doesn’t even work for us anymore.” What a shocker — not that communist/socialist/progressive models don’t work, but rather that a dyed-in-the-wool communist would actually acknowledge the truth of that statement.

Not to worry, however: No sooner had Castro uttered these words than the damage control party hopped into its East German Trabant and mobilized (read: got out and pushed). Typical statements begin, “What Comandante Castro meant to say was…” In this case, apparently the meant-to-say piece included a name change, as well: “U.S.” for “Cuban.” “The reality is that my response means exactly the opposite,” explained the ancient communista. Well of course it does! By the way, can we have our copy of Orwell’s “1984” back?

Further elaborating, World Hero of Solidarity (the title conferred upon him by the UN in 2009) stated, “My idea, as the whole world knows, is that the capitalist system now doesn’t work either for the United States or the world.” Yes, we know. The American media have done a fine job of telling us just that.

Meanwhile, el Presidente is laying off 500,000 state employees. By next March, these workers will be on the street — um, “released to the private sector” — and looking for nonexistent jobs in Cuba. With 85 percent of its workforce — or roughly five million people — working for the Cuban state, such a layoff is no small matter either. That number will eventually increase to one million due to “efforts to increase efficiency in the state sector,” making fewer new state positions available to the unemployed masses. Needless to say, massive layoffs are always symptomatic of sound economic planning in Castro’s world.

In one sense, however, Castro has hit on an important point: Our own “Comandante,” Barack Obama, continues to blur the lines between the economic models of the two nations. If the Chosen One is able to maintain his assault on the U.S. economy unabated, Castro’s statement will ultimately apply to both nations without caveat.

SOURCE

1099 provision failed: Partisian Politics, and the epic failure obama

September 21, 2010

Two separate attempts to repeal one terrible provision in the gargantuan ObamaCare law failed in the Senate this week, lighting up a serious issue for small business owners to consider when they vote in November. Anyone who is an independent contractor or owns a small business has likely seen a 1099 form. Pre-ObamaCare, the IRS required 1099s only for services purchased from vendors. In order to make ObamaCare “deficit-neutral,” the legislation requires that small businesses report any business-to-business transaction over $600 with a 1099. The amount of paperwork and accounting needed to maintain compliance with this bureaucratic nightmare will add immensely to operating costs for small businesses. In some cases, it will bury them.

Sen. Mike Johanns (R-NE) sponsored an amendment to repeal the provision, but even with the help of a handful of Democrats, the amendment failed 46-52. Sen. Bill Nelson (D-FL) crafted a weaker version that would have placed a $5,000 reporting threshold for 1099s and eliminated the requirement altogether for businesses with fewer than 25 employees. That failed to reach cloture, 56-42. This plan was little more than smoke, though, because it still would require businesses to monitor all their transactions for possible filing in case they reach the $5,000 threshold. It would also cause businesses to avoid hiring that 26th employee — it simply wouldn’t pay to grow.

The repeal of the 1099 provision failed this time, but ObamaCare is clearly under attack. The very Congress that passed it is now deliberating changes and repeals to the president’s signature agenda item, just in time for the midterms. On the legal front, U.S. District Judge Roger Vinson in Florida said that on Dec. 16 he would hear arguments on a lawsuit challenging the constitutionality of ObamaCare. Twenty state attorneys general claim the health care bill violates states’ rights and will force massive new spending. Unfortunately, they have to wait to state their case until Oct. 14, when Vinson will rule on the federal government’s dismissal motion. Legal analysts say that it’s likely the dismissal will be rejected since Vinson has already set a court date. There is little agreement among these same analysts on the outcome of the case.

With all of the consternation over something Obama lectured we “should be saying ‘thank you'” for, it’s no wonder Democrats “are spending three times more advertising against the health reform law than they are in support of it.”

SOURCE

What does immigration amnesty have to do with defense spending?‏

September 21, 2010

Some years ago we, as in Colorado Libertarians, succeeded in getting a “Single Subject” law passed. After the idea was co-opted by the Republicans. The same thing needs to be done on a Federal level. Read on…

This week the Senate will debate a defense spending bill that will cost your family over $7,000.

The Senators ought to debate how much of this money is really needed to keep you safe, but they will instead focus on distracting and divisive issues like gays in the military and abortions in military hospitals. Even worse . . .

Majority Leader Reid shows signs of wanting to attach an unrelated immigration amnesty bill to the defense measure. This immigration bill is called the DREAM Act, and it has us DREAMing of our proposal for a One Subject at a Time Act.

DREAM’s primary purpose seems good. Undocumented youths who were raised in the United States, and graduated high school, would be eligible for a 6-year path to legal citizenship that requires completion of a college degree, or two years of military service. Other provisions are more controversial, but . . .

Whether you like this bill or not, there is NO PLACE for DREAM in a Defense bill. Reid knows he doesn’t have the votes to pass this as a stand-alone bill, and that’s why he wants it attached to the Defense measure.

This is one reason government keeps growing at such a cancerous rate. Congress constantly inserts unwanted and unneeded legislation into “must-pass” bills. DownsizeDC.org has created The One Subject At A Time Act (OSTA) to end this practice.

OSTA would require each bill to address only one subject. If you support this idea, tell Congress!

Our letter to Congress says, “Please introduce DownsizeDC.org’s “One Subject at a Time Act” (OSTA). You can find the text of the legislation here: http://www.downsizedc.org/osta-legislation.”

Please also add personal comments pointing to the DREAM Act and the defense spending bill as an example of why we need OSTA. You may borrow from or copy the following sample letter . . .

Majority Leader Reid’s attempt to attach the DREAM amnesty bill to the Defense bill shows why we need OSTA:

* DREAM is ten years old, but never won the votes to pass as a stand-alone bill
* Senate debate over DREAM means less time will be spent reviewing the 1000-page, bloated, $700 billion Defense bill

No responsible legislator should ever support the corrupt practice of attaching unrelated bills together. The only CONSTRUCTIVE and PRINCIPLED way to oppose tactics like Reid’s is to introduce OSTA.

END LETTER

You can send your letter to Congress using DownsizeDC.org’s Educate the Powerful System.

I’m sure you have friends who would like One Subject At A Time Act, or oppose the DREAM amendment. Forward this to them, and retweet this message!

Jim Babka
President
DownsizeDC.org, Inc.

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