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Firearms and Ammunition Industry Economic Impact

May 4, 2010
To: ALL MEDIA
For immediate release

April 29, 2010

 Media Only:

Ted Novin
 Office: 203-426-1320
Cell: 203-253-1860
tnovin@nssf.org

Firearms Industry Releases
Economic Impact Report

WASHINGTON, D.C. — At a Capitol Hill breakfast briefing today, the National Shooting Sports Foundation, the trade association for the firearms and ammunition industry, released a newly commissioned report detailing the significant economic impact the firearms and ammunition industry has on the nation’s and each state’s economy.

Key Points: Firearms and Ammunition Industry Economic Impact

2008 2009
Jobs 166,200 183,424
Wages $6,361,205,400 $8,210,881,000
Econ Impact $19,199,634,700 $27,846,304,300

“During difficult economic times and high unemployment rates nationally, our industry actually grew and created 16,800 new, well-paying jobs,” said NSSF President Steve Sanetti. “Our industry is proud to be one of the bright spots in this economy.”

Key Points: Taxes

2008 2009
Federal Taxes $1,503,740,471 $2,035,154,440
State Taxes $1,299,088,678 $1,909,417,793
Excise Taxes $327,070,867 $450,177,780

The economic growth America’s firearms and ammunition industry experienced last year was driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. This coincided with the continued decline in accidental firearm-related deaths (more than a 60 percent decrease in the last 20 years) and a continued drop in crime rates nationally.

Also cited in the economic impact report were the significant taxes paid by industry member companies to federal and state governments and the Pittman-Robertson excise tax the industry pays on the products it sells – this tax is the major source of wildlife conservation funding in America.

“In 2009 our industry increased its contribution to wildlife conservation by over 37.6 percent, which translates into sportsmen contributing more than $7.5 million dollars daily to conservation efforts,” said NSSF Senior Vice President and General Counsel Lawrence G. Keane.

“Ours is an industry with a storied past, steeped in tradition and a rich heritage,” continued Keane. “We were there at the beginning of America’s economic expansion and remain a vital and important American industry. We look forward to speaking with members of Congress today about important legislative and regulatory issues that will allow our industry members to continue to grow their businesses and create new jobs in their communities.”

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About NSSF

The National Shooting Sports Foundation is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of more than 5,500 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

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Posted in Economics, Education, Gun Control, Hunting Fishing and the Great Outdoors, News, Politics, Wordpress Political Blogs | Comments Off on Firearms and Ammunition Industry Economic Impact

Saint Teddy?

May 4, 2010

I about fell over when I read this about the swimmer. But what are we to expect from the likes of Kerry et al?

“At a time when the American taxpayer is on the hook for trillions in current and future federal spending — when the Congressional Budget Office warns that the current rate of federal spending is ‘unsustainable’ — liberal Democrats in Congress have earmarked over $68 million of taxpayer dollars for a Boston shrine to the late Senator Edward Kennedy. In a detailed report, the Boston Herald describes the planned Edward M. Kennedy Institute as a ‘temple for Ted Kennedy built with pork.’ According to their account, congressional Democrats — especially … John Kerry and Edward Markey — have been cramming earmarks for the project into various government funding bills. The Herald found that Kerry and Markey even intend to siphon $28.9 million of the institute’s funding from the Defense Department budget, with almost $19 million of that amount already signed into law. … I believe that establishing Teddy’s Temple with millions of taxpayer dollars is meant to serve twin purposes. First, it is intended to enshrine the pretense that one’s politics is more important than any other aspect of one’s personal character. … Second, Teddy’s Temple is a means to an even broader end. That end is to elevate his liberal ideology to the status of an official, government-approved ‘ideal.’ You can be sure that the ‘good citizenship’ propagated at his shrine will translate into speeches, writings, video clips, totems, classes, and materials extolling his liberalism generally, and his advocacy of socialized medicine specifically — all paid for with your hard-earned dollars.” –columnist Robert Bidinotto

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Law, News, Politics, Wordpress Political Blogs | 4 Comments »

Epic fail obama: Wall Street…

May 4, 2010

“Strangely enough — for a bill that allegedly sticks it to Wall Street — during the Senate Banking Committee hearing [last] week, Goldman Sachs chairman Lloyd Blankfein endorsed the Dodd bill. Someone should have asked him who from Goldman wrote it. In 2008, Goldman employees gave a record-breaking $1,007,370 to the Obama campaign. This year, the ‘securities and investment’ industry has already given twice as much money to the Democrats as to the Republicans. ABC News reports that ‘the five biggest hedge fund donors all gave almost all their donations to Democrats.’ Among the biggest recipients of hedge fund money were Senators Harry Reid (Democrat), Chris Dodd (Democrat) and Charles Schumer (Democrat). Even with the evidence right in front of their eyes, people still believe that it’s the Republicans who are in Wall Street’s pocket. How out of touch with reality would a comedy writer have to be to write the following joke for Jay Leno [last] week: ‘The head of Goldman Sachs was going through security and was asked to empty his pockets — and five Republican senators fell out.’ Why didn’t Barack Obama or Chuck Schumer fall out? Why not Rahm Emanuel, who worked for Goldman? Or Greg Craig, who used to work for Obama but just took a job with Goldman? The fact that anyone laughed at that joke proves that Republicans have a serious PR problem.” –columnist Ann Coulter

“The [U.S.] Constitution is a limitation on the government, not on private individuals … it does not prescribe the conduct of private individuals, only the conduct of the government … it is not a charter for government power, but a charter of the citizen’s protection against the government.” –philosopher and novelist Ayn Rand (1905-1982)

SOURCE


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Posted in Czar Wars, Economics, Editorial, Opinion, Education, Law, News, Politics, Wordpress Political Blogs | 1 Comment »

Huge Power Grab Underway

May 2, 2010
Huge Power Grab Underway in Washington
— Democrats looking to get almost ten, brand new anti-gunners in Congress

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/ordergoamem.htm

Friday, April 30, 2010

The Democrat-controlled Congress and the White House are pulling out all the stops to offset the oncoming tidal wave that is threatening to throw them out of power this November.

With their polls sagging badly, the liberal Democrats rammed through a Puerto Rican statehood resolution yesterday which many consider the first step towards making Puerto Rico the 51st state — a move that would give liberal progressives in the Congress six more Representatives and two new Senators.

Making Puerto Rico a state would bring another gun control bastion into our nation and bring almost ten anti-gun congressmen and senators into the Congress.

This is disgraceful!  With her party’s polls plummeting, House Speaker Nancy Pelosi is trying to get as many additional progressives into Congress as possible so that she can continue advancing her liberal, anti-American agenda.

Regarding the statehood resolution, Rep. Jason Chaffetz (R-UT) says it “is the Puerto Rico statehood bill which is being pushed by the new progressive party in Puerto Rico trying to create a federally [sanctioned] vote that they say is nonbinding but would give them the legitimacy to then come back and try to seat people in the United States Congress.”

To see how your congressman voted on the Puerto Rican statehood resolution, go to:

http://clerk.house.gov/evs/2010/roll242.xml

GOA will keep you updated as to when a vote is scheduled in the U.S. Senate.

GOA helps kill Pelosi’s attempt to give DC a vote in Congress

Not to be satisfied with merely eight new liberal votes from Puerto Rico, liberal Democrats want to give statehood to Washington, DC.  S. 160 would take a major step in that direction by giving this federal enclave a vote in the House of Representatives.

The bill is the DC Voting Rights Act, otherwise known as the DC Vote Grab Act.  It would make Delegate Eleanor Holmes Norton a legitimate voting member of the U.S. House of Representatives.

If you know anything about Del. Norton, you know that she is one of the most liberal, anti-gun legislators in the country — one who completely supports Nancy Pelosi’s agenda.  Of course, Democrats are not just going to settle for a mere Representative in Congress… they want statehood for the District of Columbia in order to get two anti-gun Senators, as well.

It seems that the Obama-Reid-Pelosi strategy is to continue screwing the country — even if it hurts them in the polls — because then they will work to get as many “new” votes as possible through Puerto Rican statehood… DC statehood… and even things like amnesty for illegal aliens.

But if Pelosi were to succeed in making DC a state, there will be two more liberal votes in the Senate — a situation that would allow them to break any Republican filibuster that would stymie their anti-gun agenda.

The Senate passed S. 160 last year, and if it were not for Gun Owners of America and Senator John Ensign, it would have been signed into law last spring.

Pro-gun Senator John Ensign and Gun Owners of America worked together to attach an amendment to the DC Vote Grab Act.  The amendment would repeal all the restrictive gun control laws still on the books in DC after the landmark D.C. v. Heller Supreme Court decision. The vote margin was an amazing 62-36 in the Senate!

Wiping out DC’s still very restrictive anti-gun laws was not what Speaker Pelosi and other rabid anti-Second Amendment members of the House wanted to see.

Because of this GOA-supported amendment, the House has been unable to take any action on the Senate measure.  While Speaker Pelosi has no desire to see a pro-gun provision within the DC bill, many House members are afraid to vote for any such bill that doesn’t contain the pro-gun Ensign amendment.  In short, this has been a real Mexican standoff that has lasted for nearly a year.

In fact, when Pelosi tried to bring up the bill last week, she could not muster enough votes to secure passage.  S. 160 might now be dead for the year, but GOA will continue watching this and alert you to any attempts to bring up the bill again.

Senate “disses” America’s veterans

For several years, GOA has been alerting gun owners to the travesty of justice that has been perpetrated on our veterans.

After the Brady law went into effect, the Department of Veterans Affairs (VA) began sending the names of many of its beneficiaries to the FBI so they could be added to the NICS list, denying these individuals their right to purchase a firearm.  To date, more than 150,000 military veterans have been denied.

However, none of these veterans were ever convicted of a crime; none were found to be a danger to anyone; and none were afforded any meaningful due process of law.  Under the semblance of being “mental defectives,” these veterans were added to the list strictly because a doctor or a bureaucrat in the VA appointed someone to manage their finances.

The al-Qaeda terrorists in Guantanamo have been given more due process than the American soldiers who fought them!

To combat this outrage, pro-gun Senator Richard Burr (R-NC) authored S. 669, the Veterans Second Amendment Protection Act, that will safeguard for veterans two of the most fundamental Constitutional rights enjoyed by Americans: due process of law and the right to keep and bear arms.

The Veterans Second Amendment Protection Act merely stipulates that a veteran cannot lose his or her gun rights “without the order or finding of a judge, magistrate, or other judicial authority of competent jurisdiction that such person is a danger to himself or herself or others.”

This very reasonable bill passed out of the Senate Veterans Affairs Committee last June, having been approved unanimously.

Burr’s language was offered on the floor of the Senate during the health care debate, but unfortunately, it was defeated 53-45.  To see how your Senator voted, go to:

http://tinyurl.com/2ufvgu4

GOA will continue fighting for the passage of this very important legislation.

Where we are at

As you know, elections have consequences.  GOA is fighting in the trenches to protect/regain our rights.  And, thankfully, we have won a couple of major battles at the federal level — like securing the ability to transport firearms on Amtrak trains and carry loaded guns in National Parks.

In the states, GOA has been successfully pushing Firearms Freedom Acts around the country — laws which allow guns that are made in their home states, and stay in those states, to be free of federal regulation.  (Currently, there are seven states that have enacted such laws; several others are still in the process.)

GOA also worked in Arizona to pass a new Alaska-style carry law which allows citizens to carry concealed firearms without first getting permission from the government.

We have also lost some battles, as would be expected in a climate that is overwhelmingly controlled by liberals in Washington.

So we need your help.  We can win the battles that are facing us, but only if we each give our maximum effort.  Thank you for your continued support for our work.  Even if you can only a give a couple of dollars, every little bit counts.

To make a contribution to Gun Owners of America, please visit:  http://gunowners.org/ordergoamem.htm

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Hoplophobia, Immigration, Law, mysandry, News, Politics, Wordpress Political Blogs | Comments Off on Huge Power Grab Underway

“Mexicans are a rabble of illiterate Indians.”

May 2, 2010

So then, just who was it that said that? Certainly not Sheriff Joe, or the Governor of Arizona. No, indeed… It was a hero of the left that said the words that title this post. Yet, he is adored by those that staged the May Day events around the country. Read about just one of those HERE . His picture is on a poster being carried by a protester at the San Fransisco march.

Now, contrast that story with this one.

Imagine a group of angry demonstrators toting swastika-festooned protest signs calling politicians Nazis, shouting obscenities and racial remarks and throwing rocks and bottles at police officers sent to keep order. No, these are not Tea Partiers. They are the mob that turned out last week to protest Arizona’s new immigration-enforcement law. This group of liberal rowdies has been dubbed the Tequila Party.

For the most part, liberal media coverage overlooked all the leftist violence. Typical headlines described the protest as “mostly peaceful,” with media outlets avoiding details about why they had to use the qualifier “mostly.” Reporting a near-riot by the opponents of the Arizona law doesn’t fit the dominant media storyline.

Some of the editorial bias is blatant. An Associated Press story about the Arizona immigration law quoted a 13-year-old Hispanic boy saying, “We can’t be in the streets anymore without the pigs thinking we’re illegal immigrants.” The Washington Post sanitized the boy’s views towards law enforcement by replacing the word “pigs” with “[police].” If a Tea Partier used a slur of any kind, it’s doubtful it would be given the square-bracket treatment. It would probably be a banner headline.

Full story HERE

Figure out who this bastion of liberalism is yet? I think it should be noted that Je$$e Jack$on has yet to denounce the actions of the “peaceful” protesters in Arizona, and elsewhere. Nor has our fearless leader, the impostor in chief. After all, they are not the deep pockets…

But I digress… So,any guesses yet? Here are a few more quotations.

“The blacks, those magnificent examples of the African race who have maintained their racial purity thanks to their lack of an affinity with bathing, have seen their territory invaded by a new kind of slave: the Portuguese.”

“The black is indolent and a dreamer; spending his meager wage on frivolity or drink; the European has a tradition of work and saving, which has pursued him as far as this corner of America and drives him to advance himself, even independently of his own individual aspirations.”

“The episode upset us a little because the poor man, apart from being homosexual and a first-rate bore, had been very nice to us, giving us 10 soles each, bringing our total to 479 for me and 163 1/2 to Alberto.”

“The first person we hit on was the mayor, someone called Cohen; we had heard a lot about him, that he was Jewish as far as money was concerned but a good sort.”

Google them if you haven’t been able to figure out who said those things yet. Then, remember it the next time some fool calls Tea Party people racist…

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Posted in Economics, Editorial, Opinion, Education, Immigration, Law, News, Non Compos Mentis, Politics, Wordpress Political Blogs | 4 Comments »

Scandal: Obama, Gore, Goldman, Joyce Foundation CCX partners to fleece USA

May 1, 2010

Like the energizer bunny, these things just keep going and growing…

Glenn Beck breaks the biggest corruption story of the century yesterday and it doesn’t appear on a Front Page anywhere. Beck points the way to the 15 Trillion dollar scam that has some amazing players.
(See full transcript here)
First Glenn makes and astute point: If Goldman is really the bad guy, why are these people still on the job? The Goldman suit is a put up job!
• William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman
• Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman
• Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist
• Philip Murphy; nominated for ambassador to Germany; former Goldman executive
• Diana Farrell; deputy director of the National Economic Council; formerly with Goldman
• Emil Michael; White House fellow; former investment banker with Goldman
Glenn tells us that a watchdog has steered him to the collusion between Barrack Obama, George Soros, Al Gore, Goldman Sachs, Franklin Raines (super crooked Fannie Mae head), CCX, and Generation Investment Management (GIM-London based co-founded by AL Gore).
Know the crooks and their roles:
George Soros, Joyce Foundation and connection to CCX.
Full story HERE

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Posted in Economics, Editorial, Opinion, Gun Control, Hoplophobia, Immigration, Law, News, Politics, Wordpress Political Blogs | 1 Comment »

Political mayhem?

May 1, 2010

Arizona Immigration Brouhaha

Did these guys just come to work?

Last week, Arizona Gov. Jan Brewer, a Republican, signed a tough new law designed to crack down on the flood of illegal immigration in the state and the violence and mayhem that has accompanied it. Political mayhem is the price of the law’s enactment.

Stepped-up enforcement of the border in California and Texas has funneled much of the illegal alien traffic and cross-border smuggling through Arizona. A sharp increase in crime has resulted, with Phoenix now being the kidnap capital of the United States. Ranchers near the border live under a state of siege, but demands that the federal government take aggressive remedial action have been unavailing. The recent murder of Rob Krentz, a kind-hearted rancher who often assisted desperate immigrants abused and abandoned by their “coyote” guides, prompted widespread outrage at the federal government’s fundamental failure to protect its citizens against a dangerous foreign invasion.

The race-baiting grievance mongers wasted no time in denouncing the law. Vandals smeared refried beans in the shape of a swastika on the Arizona Capitol building (which we find to be an incredibly strange mixed message). Some leftist church leaders denounced the law as “hateful.” Race hustler Jesse Jackson called it “terrorism.” Calling it “stupid,” “an embarrassment” and “racist,” Pima County Sheriff Clarence Dupnik (Tucson) said he would refuse to enforce it.

Latino activist and far-left Congressman Raul Grijalva (D-AZ) called for a boycott of his own state, saying, “I support some very targeted economic sanctions on the state of Arizona. We will be asking national organizations — civil, religious, political — not to have conferences and conventions in the state of Arizona. There has to be an economic consequence to this action and to this legislation.” We’re sure Arizona’s 2.3 million unemployed will thank Grijalva for his principled stand.

Meanwhile, in a stunning display of hypocrisy, the government of Mexico issued a travel advisory and expressed concern about the rights of its citizens in the United States. Of course, Mexico plays by much more stringent rules when dealing with its own immigration issues.

These critics either haven’t read the law or, more likely, don’t want to be bothered with reality. Among other things, Arizona’s new law makes it a state crime for people to be in Arizona if they are in the United States illegally. If the police have an otherwise lawful encounter with someone, and if they have “reasonable suspicion” that the person is in the United States illegally, the police are required to ask for documentation of immigration status. An Arizona driver’s license is presumptive proof of lawful status.

The law specifically forbids police from basing their actions solely on someone’s race or ethnicity. It also compels the police to base their “reasonable suspicion” on criteria that are permissible under the U.S. and Arizona constitutions. Moreover, when she signed the bill, Gov. Brewer issued an executive order directing additional training specifically to avoid racial profiling when the law is enforced.

The new law, which in many places quotes federal law verbatim, was enacted because of the failure at the federal level to enforce those same laws. None of this matters to the Left. With tactics straight out of Saul Alinsky’s “Rules for Radicals,” they have demonized everyone who dares stand up for responsible enforcement of our laws and for the protection of our citizens.

Meanwhile, Barack Obama declared that the nation may not have the “appetite” for an immigration fight this year, so he removed the issue from his agenda. That’s a relief.

“So Arizona passes a tough law against illegal immigration and suddenly they’ve got Washington’s attention. One poll finds 70 percent of Arizona voters support this new law, so, ‘Hey, maybe we better do something, too.’ And like the lemmings they are when they smell a chance to score some political points, and some of them need a lot of help with the midterms coming up, there is now talk of rushing immigration reform through Congress. President Obama called the Arizona law ‘misguided.’ What’s misguided, Mr. President, is the federal government’s ongoing refusal to enforce the laws that are already on the books. Read the Arizona law. Parts of it are word-for-word the same as the federal statutes which continue to be all but ignored. Now we’ll hear all sorts of blathering from our Washington gerbils about the need for a new federal law. There’ll be news conferences and interviews and committee hearings and draft legislation and polling — all the usual carnival acts that accompany any hot button Washington issue. Instead of simply closing the borders and enforcing the existing law so they could turn their attention to something like the national debt and the fact that the country is bankrupt, instead we’re going to get this freak show. Washington’s position on illegal immigration is patently dishonest from the top down. No enforcement, no border security, just pandering to the Hispanic voters and the corporations that hire the illegals. And then, when one of our states that’s being ravaged by the presence of 460,000 illegal aliens inside its borders does something about it, the president says that’s misguided. What a shame.” –CNN commentator Jack Cafferty

Headline of the Week

“Illegal immigrants plan to leave over Ariz. law” —Associated Press

Isn’t that the point?

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Immigration, Law, News, Politics, Wordpress Political Blogs | 1 Comment »

Immigration as an electoral weapon

April 29, 2010

“Arizona’s new immigration law shows what happens when a state on the front lines of a failed immigration policy reaches the bursting point. What you get is a blunt instrument that produces lawsuits, more political polarization (if that’s possible) and the risk of hostility between the local police and the public. The law makes it a state crime to be in the U.S. without proper documents. It allows the police to stop anyone on ‘reasonable suspicion’ that they may be in the country unlawfully and arrest them on the spot if they can’t produce identity papers. The police aren’t required to have a search warrant or even to suspect some illegal action has occurred before questioning a person. Traditionally the federal government has enforced immigration laws, so this is an extraordinary state criminalization of a heretofore federal authority. … The loud voices denouncing ‘Arizona’ should understand that the results of the nation’s failed immigration policies have come down on this state. … Congressional Democrats have no intention of enacting serious immigration reform before November. President Obama is surely playing politics with the situation in Arizona for gain in the fall. He’d like to pick a fight and define Republicans as anti-Hispanic going into the election, without having to propose anything substantive. We’d support a national immigration reform that was realistic about the fact that most of these are economic migrants who will find a way to come here in any case if this is where the jobs are. The most effective way to reduce illegal entries and defuse these tensions is to expand legal channels, including guest worker programs. This would reduce illegal immigration and free up security resources to threats from drug gangs and the like. But so long as Republicans, Democrats and Mr. Obama mainly view immigration as an electoral weapon, the nation can expect more desperate laws like Arizona’s.” —The Wall Street Journal

“President Obama called the Arizona [immigration] law misguided. What’s misguided, Mr. President, is the federal government’s ongoing refusal to enforce the laws that are already on the books. Read the Arizona law. Parts of it are word-for-word the same as the federal statutes which continue to be all but ignored.” –CNN’s Jack Cafferty

“It is passing strange for federal officials, including the president, to accuse Arizona of irresponsibility while the federal government is refusing to fulfill its responsibility to control the nation’s borders. Such control is an essential attribute of national sovereignty. America is the only developed nation that has a 2,000-mile border with a developing nation, and the government’s refusal to control that border is why there are an estimated 460,000 illegal immigrants in Arizona and why the nation, sensibly insisting on first things first, resists ‘comprehensive’ immigration reform.” –columnist George Will

“In terms of resources and in terms of political will, it has become abundantly clear that the federal government refuses to make the right decisions in terms of enforcing the law and making the critical reforms necessary to drive down illegal immigration. Sadly, efforts in Congress have been more about gaining political votes through an unnecessary amnesty than on honest and effective reforms.” –columnist Jena McNeill, Heritage Foundation

“If a state, or nation, has laws it will not enforce for political reasons, it mocks both the law and politics, to say nothing of the cultural order.” –columnist Cal Thomas

“The election we need so desperately is coming. There’s an intermediate need as well: namely, to balk or slow down the administration’s initiatives until the debate — if there ever is a debate — can commence and the people, knowing what they now know, can say how they truly would like things to be. The establishment, if this happens, will prate about ‘obstructionism.’ Fine. We’re traveling about 150 miles an hour right now as we weave down the political superhighway. Flashing red and blue lights behind us would be a sight for sore eyes.” –columnist William Murchison

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Immigration, Law, News, Politics, Wordpress Political Blogs | Comments Off on Immigration as an electoral weapon

Gangsta Government: Epic Fail obama

April 28, 2010

“The Obama Democrats portray the Dodd [financial ‘reform’] bill as a brave attempt to clamp tougher regulation on Wall Street. They know that polls show voters strongly reject just about all their programs to expand the size and scope of government, with the conspicuous exception of financial regulation. Republicans have been accurately attacking the Dodd bill for authorizing bailouts of big Wall Street firms and giving them unfair advantages over small competitors. They might want to add that it authorizes Gangster Government — the channeling of vast sums from the politically unprotected to the politically connected. That can boomerang even against the latter. Goldman Sachs employees gave nearly $1 million to the Obama campaign and $4.5 million to Democrats in 2008. That didn’t prevent Goldman from being shoved under the SEC bus. Gangster Government may look good to those currently in favor, but as some of Al Capone’s confederates found out, that status is not permanent, and there is always more room under the bus.” –political analyst Michael Barone

“If President Obama’s financial regulations are adopted, there will be fewer loans, credit will be more costly, and individuals will face more risk. Obama argues today that his reforms are necessary to prevent ‘a second Great Depression’ from occurring, but he does nothing to fix what the government did. Nothing is done to reform Fannie Mae and Freddie Mac, despite their problems with fraud and costing taxpayers $400 billion in bailouts. Nothing is done to change government regulations that force banks to make risky mortgages. The powers that would be given to the president and the Federal Reserve are unprecedented. The bill gives the government the power to regulate the capital, liquidity and permissible activities for a long list of firms, including securities firms, insurance companies, bank holding companies, hedge funds, finance companies as well as others. The government will be also able to limit the size of these companies. … In another of his proposals … Obama says that he wants to stop government bailouts of companies. And that should be the goal. Otherwise, firms have an incentive to take too many risks when they keep their profits but taxpayers pick up their losses. Who wouldn’t head straight to Las Vegas if you got to keep your winnings and the taxpayers picked up your losses? But Obama’s solution … is to still allow bailouts, but try to prevent them from becoming necessary by stopping financial institutions from taking what he considers to be risky behavior. … The government caused the current financial crisis by forcing banks to make bad mortgages. And the solution is less, not more, government control.” –economist John R. Lott Jr.

“Ironically, the United States is moving in the direction of the kind of economy that China has been forced to move away from. China once had complete government control of medical care, but eventually gave it up as the disaster that it was. The current leadership in Washington operates as if they can just set arbitrary goals, whether ‘affordable housing’ or ‘universal health care’ or anything else — and not concern themselves with the repercussions — since they have the power to simply force individuals, businesses, doctors or anyone else to knuckle under and follow their dictates. Friedrich Hayek called this mindset ‘the road to serfdom.’ But, even under serfdom and slavery, experience forced those with power to recognize the limits of their power. What this administration — and especially the President — does not have is experience. Barack Obama had no experience running even the most modest business, and personally paying the consequences of his mistakes, before becoming President of the United States. He can believe that his heady new power is the answer to all things.” –economist Thomas Sowell

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Law, News, Politics, Stupid is as Stupid Does, Wordpress Political Blogs | Comments Off on Gangsta Government: Epic Fail obama

Will Controversy cool Arizona tourism?

April 27, 2010

Folks, this is straight out of the “stupid is as stupid does” folder. From The Communist News Network, as may well be expected…

Political Correctness at the expense of profit? No, simply political correctness. Arizona will see a tremendous drop in personal, as well as property crimes if the new law is properly enforced. That draws customers. That means money, and lot’s of it. Think about it folks. Las Vegas, Nevada was founded by big time crooks. They knew how to make money. Serious money. They also had, and to an extent still do, some of the toughest street crime fighters around. Why? MONEY!

When people feel safe they will bring their families, and, spend money! Right now? Arizona is the nations capital for kidnapping, home invasions, and God only knows what else! Most of said activities can be directly related to Illegal Aliens. As in drug runners, gang members, and white slavery… Then there is auto theft, and the list just goes on….

Read about it at;

Stupid is as Stupid Does dot Com

Then book a tour of duty with the Minute Men.

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Hoplophobia, Immigration, Law, mysandry, News, Non Compos Mentis, Politics, Stupid is as Stupid Does, Uncategorized, War, Wordpress Political Blogs | 2 Comments »

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