Archive for the ‘Economics’ Category

Obamacare is only a few weeks old…

May 14, 2010

Obamacare is only a few weeks old, but the evidence against it is mounting with every passing day. A small portion of that evidence is described in the open letter to Congress provided below.

Please send Congress another letter demanding that they repeal the recently passed healthcare bill.

You can copy or borrow from this sample letter:

Please take immediate action to repeal the recently passed healthcare bill. To understand just a few of the reasons why repeal is needed please read this column by Cato Institute scholar Michael Tanner: http://www.ocregister.com/opinion/health-246711-care-insurance.html

Here’s a partial summary . . .

A study by the RAND Corporation has now confirmed the warning Congress was given by the CBO (Congressional Budget Office) prior to passing the healthcare bill. Obamacare will do NOTHING to curb increases in insurance premiums. For example, RAND predicts that premiums will rise by 17% for young people.

A recent CBO report also predicts that up to 10 million workers will lose their current insurance under Obamacare, and will either have to buy new insurance through the government-run exchanges, or be forced into Medicaid.

Remember, President Obama and Congressional leaders promised us that none of us would lose our current coverage.

In addition, President Obama has criticized U.S. citizens for spending more on healthcare than any other people in the world, while also promising that Obamacare would reduce U.S. healthcare spending. But the federal government’s chief actuary, Richard Foster, is predicting that total healthcare spending will actually increase by $311 billion over the next 10 years.

Mr. Foster also doubts that the promised Medicare savings that Congress used to wrangle a good CBO spending score will really happen, but if they do happen then the likely result will be bankruptcy for up to 15% of U.S. hospitals!

Mr. Tanner’s column goes on to highlight CBO estimates about the tax increases and penalties Americans are projected to pay as a result of the healthcare bill.

But Mr. Tanner isn’t the only scholar digging into government reports to expose the true costs and dangers of the new healthcare law. The list of problems I’m sharing with you here could easily be longer, and is almost certain to grow more extensive as the months pass. How could it be otherwise . . .

Congress didn’t read the bill before passing it. This was completely irresponsible. But now that scholars are having time to do the reading that Congress should have done, the diagnosis is increasingly clear — the healthcare bill is a cancer, and REPEAL is the only remedy. Do it now.

END LETTER

You can send your letter to Congress using DownsizeDC.org’s Educate the Powerful System. https://secure.downsizedc.org/etp/campaigns/114

obama care in the crosshairs

May 13, 2010

The government of epic fail obama has tried to claim that the wholly un-Constitutional obamacare does not violate the Constitution.

Congress acted well within its power to regulate interstate commerce and to provide for the general welfare, Justice Department lawyers argued in a 46-page brief filed in federal district court in Detroit. For the courts to overturn President Barack Obama’s signature domestic legislation would amount to unwarranted interference with the policymaking authority of Congress, they added.

When will the coronation begin? So the vulcan eared phony can ram anything down the throats of the people of America? If this monstrosity was so Constitutional and good for America then why the bribes? Why did getting it passed require so many back room deals?

The case could go all the way to the Supreme Court, since more than a dozen state attorneys general have also filed suit against the legislation on broadly similar grounds. Cases are pending in federal courts in Virginia and Florida, raising the possibility that different appeals courts could issue conflicting rulings that the Supreme Court would have to resolve.

So, we the people, will once again have to bend our collective knees and adhere to the law like good little Boy Scouts? Anyone with as much as mush between their ears saw what can be expected during the Town Hall Meetings. We, the people, are fed up with overbearing government! before of all you leftist get your panties all wadded up bear in mind that the above statement applies to Republicans as well as democrat / socialist’s. Two, or more wrongs do not make a right people. Further, who does them makes not a single iota of difference.

“Under the government’s theory, they could force anyone to purchase vitamins, join a health club, or buy a General Motors vehicle, for that matter,” said Robert Muise, a lead attorney for the Thomas More Law Center, the conservative group that filed the Michigan lawsuit March 23, the same day Obama signed the law.

This country simply cannot wait for this to go to the Supreme Court. This needs to be stopped in it’s tracks. Add in the Court stacking that the current regime is doing, and this is the sort of thing that we can look forward to for quite some time.

SOURCE for the quotations above.

Additional information

And the cost?

Let’s not forget about the hidden gun control, that was stripped out, and then sneaked back in like a Lautenberg in the night.

Epic Fail obama: Week in review

May 11, 2010

This may become a regular feature as the administration digs itself further and further into the dust bag of history. It is such a great thing that said bags can be emptied from time to time, and then we can go on about our business.

“So now, I gather, our only strategy is to hope the terrorists’ bombs keep fizzling. There’s no other line of defense. In the case of the Times Square car bomber, the Department of Homeland Security failed, the Immigration and Naturalization Service failed, the CIA failed and the TSA failed. (However, the Department of Alert T-Shirt Vendors came through with flying colors, as it always does.) Only the New York Police Department, a New York street vendor and Shahzad’s Rube Goldberg bomb (I do hope he’s not offended by how Jewish that sounds — Obama can apologize) prevented a major explosion in Times Square. Even after the NYPD de-wired the smoking car bomb, produced enough information to identify the bomb-maker, and handed it all to federal law enforcement authorities tied up in a bow, the federal government’s crack ‘no-fly’ list failed to stop Shahzad from boarding a plane to Dubai. To be fair, at Emirates Airlines, being on a ‘no-fly’ list makes you eligible for pre-boarding. Perhaps the Department of Homeland Security should consider creating a ‘Really, REALLY No-Fly’ list.” –columnist Ann Coulter

“There has been one high-profile violent incident perpetrated by a right-winger since Obama took office: the May 31, 2009 shooting of abortionist George Tiller. There have been a bevy of high-profile violent incidents by registered Democrats or liberals: the suicide airplane attack by Joseph Stack of Austin, Texas, against the IRS; the liberal who bit off the finger of an ObamaCare opponent in Thousand Oaks, Calif.; the murderous rampage by Obama-lover Amy Bishop at the University of Alabama; the beating of black man Kenneth Gladney by Service Employee International Union thugs in St. Louis; the Earth Liberation Front’s destruction of KRKO-AM’s radio towers in Seattle. None of these incidents by non-Muslim Americans were designed to create mass casualties among random Americans or members of the American military. All of the radical Muslim attacks were. Using rudimentary reasoning skills, it wouldn’t take long to hit on the hypothesis that perhaps the Times Square attempted bombing was linked to a radical Muslim. But we live in a country where rudimentary reasoning skills have been banned if they offend politically correct sensibilities. So our politicians suggest that tea partiers were behind the attempted bombing (that suggestion, not coincidentally, fits with President Obama’s attempts to label his domestic political opponents terrorists). They suggest that it could have been anybody — anybody! — behind the propane, gas and gunpowder. Meanwhile, they don’t place radical Muslim terrorists on no-fly lists. Only when the proof is indisputable do they finally confirm what everybody with half a brain suspected all along — and then they hope to get lucky.” –columnist Ben Shapiro

“Greece has cultural problems that contribute to its economic implosion. But there are similarities to the U.S. as well — and because we have elected Democrats, they are growing. By the end of 2011, Greece’s debt will be 150 percent of its GDP. According to a March report by the Congressional Budget Office, President Obama’s 2011 budget will generate nearly $10 trillion in cumulative budget deficits over the next 10 years — $1.2 trillion more than the administration projected — which will increase our debt to GDP ratio to 90 percent by 2020. One in three Greeks works for the government. Government employees enjoy higher wages, more munificent benefits, and earlier retirements than private sector employees. … Public sector unions are growing in the U.S. More than 50 percent of all union members are now public employees who have negotiated sweet deals with local, state, and federal governments. As economic historian John Steele Gordon points out, ‘Federal workers now earn, in wages and benefits, about twice what their private-sector equivalents get paid. State workers often have Cadillac health plans and retirement benefits far above the private sector average: 80 percent of public-sector workers have pension benefits, only 50 percent in the private sector. Many can retire at age 50.’ While private employers were shedding jobs during the recession, state and local governments hired 110,000 new workers. Obama’s new spending will result in a 14.5 percent increase in the number of federal employees in just two years. … And in a corrupt feedback loop that may not be so very different after all from the Greek practice, public employee unions give generously to Democratic candidates, both in cash contributions and by manning phone banks, getting out the vote, and so on. It’s no coincidence that the states with the most powerful public sector unions — New Jersey, California, and New York — are facing the most severe budget crises. Greece is in flames, but if you look around, you can smell the smoke here as well.” –columnist Mona Charen

Democrats Push for National ID

May 9, 2010

At least since 9/11, the Democrats have, if anything, been even worse than the Republicans in their push for a national ID. I recall the Bush administration, very early on, dismissing this totalitarian idea, although Bush soon enough signed the Real ID Act into law, with the support of hawkish and anti-immigration conservatives. But the establishment left is also a major threat on this front, and Democrats traditionally get a pass on civil liberties issues, whereas under Republicans there is more populist criticism of surveillance, police powers and the like.

Consider the Orwellian program being proposed by the Democratic leadership as part of “immigration reform.” Alexander Bolton writes:

Democratic leaders have proposed requiring every worker in the nation to carry a national identification card with biometric information, such as a fingerprint, within the next six years, according to a draft of the measure. The proposal is one of the biggest differences between the newest immigration reform proposal and legislation crafted by late Sen. Edward Kennedy (D-Mass.) and Sen. John McCain (R-Ariz.). The national ID program would be titled the Believe System, an acronym for Biometric Enrollment, Locally stored Information and Electronic Verification of Employment. It would require all workers across the nation to carry a card with a digital encryption key that would have to match work authorization databases.

Whereas the Kennedy/McCain bill was bad enough, containing both positive elements and nasty ones, this new monstrosity would force leviathan’s way even further into every employment relationship. And this actually speaks to the false dichotomy between civil and economic liberties. Both incorrectly bifurcated forms of freedom are rooted in the same set of property rights, first and foremost in one’s own person and, by extension, in the tangible property one acquires justly through homesteading, gifts and honest market transactions. If Big Brother tries to comprehensively regulate immigration, he can smash economic freedom of association. And if the state has the power to oversee our economic lives, our personal freedom will always suffer in the process.

Full Story

Red journalism: Newsweek

May 9, 2010

The Washington Post is divesting itself of another Leftmedia financial hemorrhage, Newsweek Magazine. The Post’s magazine division lost $29.3 million in 2009 after a $16.1 million loss in 2008. Newsweek editor Jon Meacham, who fancies himself a political moderate, has lorded over the papers decline during the last four years with Leftist cover stories, including many like the 2006 headline proclaiming “We’re losing…” in Iraq, and hit pieces in support of terrorists at Gitmo, which undermine our effort to combat Jihadistan, and embolden our enemies at great peril to our uniformed Patriots in theaters of warfare.

According to Meacham, who is trying to find private investors to keep his magazine afloat, “I believe this is an important American institution. I just do. Maybe that’s quixotic, maybe that’s outdated, but it’s what I believe.” “Quixotic”? Perhaps idiotic.

Under Meacham, who was considered something of a “golden boy” when he took the reigns of Newsweek, the magazine has digressed into a yellow journalism rag, some might even say “red journalism.” Meacham’s sycophantic support for Obama certainly accounts for some of the magazine’s woes. Newsweek has lost employees at the same rate as its advertising decline, and its paid print circulation guarantee is down from 2.6 million to 1.5 million. But there is one employee who hasn’t lost his job, and if the remaining 400 employees want to keep their jobs, he should go.

And then there was this;

At the White House Correspondent’s Dinner last week, Barack Obama may have outdone himself in the tasteless joke department when he warned the Jonas Brothers about coming near his young daughters. “Sasha and Malia are huge fans, but boys, don’t get any ideas,” Obama deadpanned. “Two words for you: predator drones. You will never see it coming. You think I’m joking?”

Predator drones, which have been very useful is taking down insurgents, have also killed numerous civilians, adding to the anti-American sentiment in Pakistan. Imagine if George W. Bush, who was demonized by the media for eight years, made a joke about such a weapon. At least some liberal journalists owned up to that fact. “Let’s be honest, fellow progressives,” tweeted the Philadelphia Daily News’ Will Brunch, “we’d be all over Bush if he made the same ‘predator drone’ joke Obama told.” Indeed they would.

Source

The Office of Financial Research: epic fail obama

May 9, 2010

Treasury Secretary Timothy Geithner, who didn’t see fit to pay his own income taxes, may soon have the authority to watch over your financial transactions, thanks to a new federal agency that would be created in the Democrats’ financial overhaul bill. The Office of Financial Research, straight out of a George Orwell novel, would serve as a central repository of transaction records generated at private financial companies. Geithner, along with an unspecified number of bureaucrats that he hires, will have unlimited access for “statistical analysis and research” of the nation’s financial institutions — supposedly for the purpose of spotting systemic problems that will allow them to act before another meltdown.

This agency is the latest in the series of unconstitutional power grabs that Democrats have grown accustomed to since Barack Obama became president. It violates American citizens’ Fourth Amendment guarantee of security in their “persons, houses, papers, and effects, against unreasonable searches and seizures” and its imprecise language leaves plenty of room for expanding the agency’s activities without congressional approval. The type of information access that Democrats seek would not have enabled them to prevent the financial meltdown of 2008, but it would allow bureaucrats who work for this agency the opportunity to share their privileged information with the private sector one year after leaving the agency. So, ironically, the Office of Financial Research simply presents our bloated government even more opportunity for further corruption and mismanagement of the economy.

In other financial “reform” news, Sen. Chris Dodd (D-CT), the architect of the legislation, has agreed to drop the $50 billion bailout fund in an effort to get Republicans onboard. While Dodd is making concessions, though, Majority Leader Harry Reid (D-NV) is making accusations, claiming that Republicans are stalling because “they are having difficulty determining how they’re going to continue making love to Wall Street” if the bill passes. You’re a class act, Harry.

SOURCE

The Economy is on the rise: Epic Fail Obama, the lies continue

May 7, 2010

Supposedly the economy is on the rise. The government decided that it is, so it must be so. While a few jobs were added unemployment took yet another upswing…

The lack of basic economic principles inside the heads of epic fail obama’s administration is nothing less than astounding. At least to those of us that actually did pass Macro and Micro Economics. Then from across the pond, we have this.

John Williams: A Hyper-Inflationary Great Depression Is Coming
Source: Tim McLaughlin and Karen Roche of The Gold Report 4/30/10

http://www.theaureport.com/pub/na/6199

ShadowStats’ John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a “Hyper-Inflationary Great Depression” is now unavoidable. John also shares why he selects gold as a metal for asset conversion in this exclusive interview with The Gold Report.

SOURCE

“It’s pretty ugly out there,”

May 6, 2010

“A violent new film from cult director Robert Rodriguez is declaring war on Arizona with a “special Cinco de Mayo message” in the wake of the state’s controversial illegal immigration law.”

So, after all is said and done Arizona takes it on the chin for passing a law that is almost word for word a mirror of the Federal Law on immigration?

I remember many of the past Cinco parades in Denver. One of the more popular signs being carried said “It’s about culture not color.” Well golly gee Robert  if this is the sort of culture that you want to import then yes, we do have a serious problem.

Read the whole story HERE

Puerto Rico Statehood, another threat to freedom in Wyoming

May 4, 2010

Reprinted with permission. Please follow the link for comments that are there.

Line in the Sand
Image: A.Bouchard

The newest “line in the sand” has been drawn, a Washington D.C. hostile takeover of your freedoms in the form of a push to make Puerto Rico a part of the Federal Union.

From the news – House Approves Puerto Rico Statehood Measure, “The House voted Thursday to allow Puerto Ricans to change the island’s commonwealth status, in what critics are saying is a backdoor attempt to force Puerto Ricans into choosing U.S. statehood…which passed 223-169 and now must be taken up by the Senate, would introduce a two-step ballot measure for Puerto Rico to decide if its residents want to change their current relationship with the United States”.

This is happening despite the incompatibility of the Constitution of this unincorporated U.S Territory, specifically the right to keep and bear arms. Unlike our Republic (a nation of Constitutional laws), Puerto Rico by a review of their Constitution and the actions of their Parliament, Puerto Rico is a Democracy (of men). Ever wondered the difference between a Republic and a Democracy, well the answers are right here. Just read on…

REPUBLIC VS. DEMOCRACY

Puerto Rico’s Constitution states it is a Democracy-
Section 19. The foregoing enumeration of rights shall not be construed restrictively nor does it contemplate the exclusion of other rights not specifically mentioned which belong to the people in a democracy. The power of the Legislative Assembly to enact laws for the protection of the life, health and general welfare of the people shall likewise not be construed restrictively.

By contrast the Wyoming Constitution clearly defines the form of government as Republic-
97-1-007 – Absolute, arbitrary power over the lives, liberty and property of freemen exists nowhere in a republic, not even in the largest majority.

Also to be noted there is no mention of the “right to keep and bear arms” in the Puerto Rican Constitution, but the Wyoming Constitution states this-
97-1-024 – The right of citizens to bear arms in defense of themselves and of the state shall not be denied.

Motive – If Puerto Rico is forced into Statehood by Congress they will have a new partner to impose strict gun control in the U.S. and this backdoor attempt is just another step toward full federal control.

Nothing new here! In fact, similarly states like New York and California have become enemies to liberty in Wyoming by imposing their will in our state on issues such as land, wildlife and mining. More recently, legislation has been introduced in Washington that could alter “Water Rights” in Wyoming forever.

Obama started to circle the wagons while campaigning in Puerto Rico in 2008, as you will see in this video.

With the recently passed HealthCare Mandate and the coming Value Added Tax (VAT) and ”Cap and Trade”, it should be even more alarming that – this combined with new found allies supporting full “gun control”…Well, I believe you see the big picture.

A summary of Puerto Rico’s GUN CONTROL-

  • “FULL GUN REGISTRATION” scheme in place, “Any legal firearm…shall be registered in the registry of weapons”. You notice “legal firearm”? Once again criminals are exempt, only law abiding citizens must ask permission and register their firearms.
  • Licensing, you must ask the Government to purchase and possess firearms and ammunition.
  • Clinton style weapons ban in full force.
  • The government has the ability to seize weapons as they see fit.
  • Strict ammo purchase and possession scheme, one cannot possess ammunition for which you do not have a licensed firearm.
  • If you fail to license all of your activities including “target shooting” you are guilty of a felony and will be imprisoned.
  • BUT OF COURSE, in Puerto Rico…ALL Government officials (even the Parliament) can have special privileges to carry and possess firearms.

The Puerto Rican Government stated this about the New Weapons Act of Puerto Rico in 2000 – “By enacting this law, the State exercised its inherent power of regulation”.

It is this very thing that concerned the Founders as well as the Wyoming Legislature in 1889, “a government that CAN and WILL push to take away your inalienable rights”.

By contrast the Wyoming Constitution says this-
97-1-001 – All power is inherent in the people, and all free governments are founded on their authority, and instituted for their peace, safety and happiness; for the advancement of these ends they have at all times an inalienable and indefeasible right to alter, reform or abolish the government in such manner as they may think proper.

I will leave you with this last thought – It has never been so important to be a “vested” member in WyGO – Wyoming Gun Owners.

Research sources:
Wyoming Constitution

New Weapons Act of Puerto Rico 2000
Amendments in 2002
Puerto Rico Constitution


Anthony Bouchard is a staunch supporter of the Bill of Rights and limited government – he is also the Director of WyGO – Wyoming Gun Owners Association, Wyoming’s Only No-Compromise Gun-Rights Organization. Anthony is also the –  Cheyenne Government Examiner.

WyGO / Wyoming Gun Owners

AZ. State Senator Sylvia Allen responds to SB1070

May 4, 2010

Hat Tip to Texas Fred for this.

I’m Arizona State Senator Sylvia Allen. I want to explain SB 1070 for which I voted yes. Rancher Robert Krentz was murdered by the drug cartel on his ranch a month ago. I participated in a senate hearing two weeks ago on the border violence, here is just some of the highlights from those who testified.

The people who live within 60 to 80 miles of the Arizona/Mexico Border have for years been terrorized and have pleaded for help to stop the daily invasion of humans who cross their property . One Rancher testified that 300 to 1200 people a DAY come across his ranch vandalizing his property, stealing his vehicles and property, cutting down his fences, and leaving trash. In the last two years he has found 17 dead bodies and two Koran bibles. Another rancher testified that daily drugs are brought across his ranch in a military operation. A point man with a machine gun goes in front, 1/2 mile behind are the guards fully armed, 1/2 mile behind them are the drugs, behind the drugs 1/2 mile are more guards. These people are violent and they will kill anyone who gets in the way. This was not the only rancher we heard that day that talked about the drug trains. One man told of two illegal’s who came upon his property one shot in the back and the other in the arm by the drug runners who had forced them to carry the drugs and then shot them. Daily they listen to gun fire during the night it is not safe to leave his family alone on the ranch and they can’t leave the ranch for fear of nothing being left when they come back.

The border patrol is not on the border. They have set up 60 miles away with check points that do nothing to stop the invasion. They are not allowed to use force in stopping anyone who is entering. They run around chasing them, if they get their hands on them then they can take them back across the border. Federal prisons have over 35% illegal’s and 20% of Arizona prisons are filled with illegal’s. In the last few years 80% of our law enforcement that have been killed or wounded have been by an illegal. The majority of people coming now are people we need to be worried about. The ranchers told us that they have seen a change in the people coming they are not just those who are looking for work and a better life.

The Federal Government has refused for years to do anything to help the border states . We have been over run and once they are here we have the burden of funding state services that they use. Education costs have been over a billion dollars. The healthcare cost billions of dollars. Our State is broke, $3.5 billion deficit and we have many serious decisions to make. One is that we do not have the money to care for any who are not here legally. It has to stop.

The border can be secured. We have the technology and we have the ability to stop this invasion. We must know who is coming and they must come in an organized manner legally so that we can assimilate them into our population and protect the sovereignty of our country. We are a nation of laws. We have a responsibility to protect our citizens and to protect the integrity of our country and the government which we live under. I would give amnesty today to many, but here is the problem, we dare not do this until the Border is secure. It will do no good to give them amnesty because thousands will come behind them and we will be over run to the point that there will no longer be the United States of America but a North American Union of open borders. I ask you what form of government will we live under? How long will it be before we will be just like Mexico , Canada or any of the other Central American or South American country? We have already lost our language, everything must be printed in Spanish. We have already lost our history, it is no longer taught in our schools, and we have lost our borders.

The leftist media has distorted what SB 1070 will do. It is not going to set up a Nazi Germany. Are you kidding? The ACLU and the leftist courts will do everything to protect those who are here illegally, but it was an effort to try and stop illegal’s from setting up businesses, and employment, and receiving state services and give the ability to local law enforcement when there is probable cause, like a traffic stop, to determine if they are here legally. Federal law is very clear, if you are here on a visa you must have your papers on you at all times. That is the law. In Arizona all you need to show you are a legal citizen is a driver license, MVD identification card, Native American Card, or a Military ID. This is what you need to vote or get a hunting license. So nothing new has been added to this law. No one is going to be stopped walking down the street. The Socialists who are in power in DC are angry because we dare try and do something.The Socialists wants us to just let them come. They want the “Transformation” to continue.

Maybe it is too late to save America . Maybe we are not worthy of freedom anymore. But as an elected official I must try to do what I can to protect our Constitutional Republic . Living in America is not a right just because you can walk across the border. Being an American is a responsibility and it comes by respecting and upholding the Constitution, the law of our land, which says what you must do to be a citizen of this country. FREEDOM IS NOT FREE.

Senator Sylvia Allen

Original Post Here:
State Senator Sylvia Allen responds to SB1070