Posts Tagged ‘Economy’

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Making Money in hard times: Go into politics

June 20, 2009

In all honesty I cannot remember when we were not having “hard times.” At least according to this or that salesman. Right now it’s hard times on many fronts, and you are either a part of some down trodden group blaming others for your misfortune. Or you better buy now because tomorrow it will not be there, or illegal!

Now, having said all that there appears to be one field that never suffers from the effects of the economy. What might that be you ask? Why, politics of course! Read on…

Congressional Democrats came to power after the 2006 elections on the heels of a campaign that bashed the GOP for a “culture of corruption,” but it seems the shoe has shifted to the other foot. Two more examples came out this week.

First, it seems that Sen. Christopher Dodd (D-Countrywide) has been a shrewd investor in Irish property. A vacation home that Dodd’s 2007 financial disclosure report valued at between $100,001 and $250,000 is now worth $660,000 according to his most recent disclosure filed last week. In 2002 the cottage was appraised at $190,000; however, Dodd has also renovated the cottage heavily during the last several years, making the accuracy of Dodd’s disclosures questionable at best.

Also interesting is the former owner who sold his two-thirds interest to Dodd in 2002. William Kessinger is an associate of Edward Downe Jr., who with Dodd’s assistance was pardoned by President Bill Clinton on his final day in office. Downe served as a witness to the legal documents for the property sale. All in all, it’s a nice quid pro quo.

The same can be said for insider trading information. Also coming to light last week were some timely stock transactions by another Democrat, Illinois Senator Dick Durbin. On September 18, 2008, Durbin was briefed by then-Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke. The next day Durbin sold over $40,000 worth of mutual funds and bought a similar amount of stock in Berkshire Hathaway, a company controlled by billionaire Democrat contributor Warren Buffett. All told, by early October Durbin had dumped $116,000 of stock, investing over $98,000 of the proceeds into Berkshire Hathaway. While Buffett’s company hasn’t been immune from recent market trouble, it has not suffered as much as the rest of the market.

Naturally, the Leftmedia has shown no interest in these questions of impropriety. The letter “D” after one’s name shouldn’t serve as a free pass.

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Law, News, Politics, Wordpress Political Blogs | 2 Comments »

Trickle Down Economics: UPDATE

June 9, 2009

Anthony Martin over at the Liberty Sphere posted about the economic collapse and the current administrations apparent utter bewilderment at the failure of the pogrom that they ramrodded down the throats of Americans to corral it.

To those of us with an actual background in Economics this came as no surprise whatsoever. To those of us with an actual background in History it is a classic case of history repeating itself, and of people failing to have learned from it’s lessons.

To be sure, the current economic collapse cannot be laid at the feet of today’s administration in totality. The roots in fact  run much deeper. At least as far back as the Nixon Administration’s adventure into fiat money.

Fast forward a bit and we have the Congress mandating that banks issue home loans to people that, well? Shouldn’t have been given the loans. Then, we have the first auto bailout and guess what? Neither program worked, and in fact only served to make things worse. Third times a charm right? Not so. In point of fact every time the government interferes with our modified free market things go from bad to worse, and all the political spin in the world will not change that.

The current wailing and gnashing of teeth is a direct result of Trickle Down Economics. That should be apparent to all but the most dullard minds. These things are fluid and need to be recognized as such. While you may not believe in money flowing from investors to workers and such, it is pretty easy to see that when there is no money, no money flows.  There is no free lunch in the real world. Indeed, someone, somewhere paid for the “freebies.” Credit may be a needed and valuable tool, however, as California seems to finally be learning the day comes when the piper must be paid.

So? Are there any true solutions to this fiasco that we find ourselves in? Logic would dictate that we reverse what we have been doing. Which is the failed doctrine of Socialism. From the beginning days of this blog I have advocated that Freedom and Liberty offer solutions. Some years later, I stand by those beliefs.

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Posted in Economics, Editorial, Opinion, Education, Law, News, Non Compos Mentis, Politics, Wordpress Political Blogs | Comments Off on Trickle Down Economics: UPDATE

Hope ‘n’ Change: The (Toxic) Elephant in the Room

April 5, 2009

What follows is an article that points out the utter failure by the current administration to understand fundamental principles of economics, and just about every other aspect of governing.

The nation’s Kommissar of Economic Cheerleading, a.k.a. Treasury Secretary Timothy Geithner, unveiled his plan to save our ailing economy this week — the so-called Public-Private Investment Program (PPIP). The announcement was punctuated by a much-ballyhooed 500-point surge in the Dow, an indication that the market, at least, likes PPIP. But why wouldn’t it? Investors tend to appreciate “free” money.

At its core, PPIP provides investors with mega-leveraged government financing. Patterned roughly after the Resolution Trust Corporation (RTC) thrift bailout plan of the late ’80s, PPIP is composed of two parts: The first part addresses “legacy” loans; the second, “legacy” securities. “Legacy,” incidentally, is the new kinder-gentler buzzword for “toxic,” as in “toxic assets,” the former nom du jour for radioactive financial instruments like subprime mortgages and mortgage-derived securities.

PPIP offers private investors enormous amounts of cheap, taxpayer-backed financing for every dollar they put up of their own money. Under the program, government lends up to 85 percent of investor funding, with the Treasury “investing” one dollar of taxpayer money for each private capital dollar to cover the remaining 15 percent.

From an investor’s standpoint, of course, there’s no personal downside. Investors leverage government money at a 6-to-1 ratio and the lion’s share of any losses generated are absorbed by taxpayers. Thus, if a borrower defaults on his mortgage, the government would only be able to seize the real estate — private investors walk away relatively unhurt.

Independent of taxpayer liability, however, the program is not without risk. As indicated by Vincent Reinhart, American Enterprise Institute resident scholar and director of the Monetary Affairs Division of the Federal Reserve, PPIP assumes that “assets are troubled because their true values are obscured by irrational self-doubt and market illiquidity, and not by fundamental problems in the prospects of repayment. It also assumes that the solution to problems created by excessive leverage is for government to encourage more leverage.”

Apart from PPIP, our strategic issue, the elephant in the room, is one of accountability. Helped by a willing media, the central focus has been shifting from Congress and the Executive branches to business. Still, for all the finger pointing at banks and insurers, and for all post-hoc economic crater repairing, we hope those as yet unenlightened Americans who have been blinded by the Obama media will soon learn the origins of this mess: government.

SOURCE

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Posted in Economics, Editorial, Opinion, Education, Law, News, Non Compos Mentis, Politics, Wordpress Political Blogs | 2 Comments »

When will Atlas shrug?

March 20, 2009

What is the breaking point? Where will the resistance form? Heavy questions, but unavoidable in the current political climate. The productive members of society can only be pushed so far, some say.

What they envision is not defiance of law or a reversal of the election. It is people’s growing disengagement from a new economic order that punishes effort and rewards envy — the creepy future that Bill Ritter and Barack Obama intend for us. Columnist Michelle Malkin calls that withdrawal “going Galt.”

Malkin was the first speaker last weekend when several hundred Coloradans gathered for a free-market leadership conference in Colorado Springs. Her reference was to John Galt, the individualist hero of Ayn Rand’s novel, “Atlas Shrugged.” She told of seeing a placard at the protest rally for Obama’s stimulus bill signing that warned: “Atlas will shrug.”

So what, you ask. In human behavior, incentives matter. People are choosers, not automatons. Mess them over enough and they’re out of here. All history proves it. “We pretend to work and they pretend to pay us.” That bitter joke among Soviet factory drones sums up collectivism’s ultimate failure wherever tried.

Full Story

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Posted in Economics, Editorial, Opinion, Education, Law, Local Politics Colorado, News, Politics, Wordpress Political Blogs | 5 Comments »

Tin foil hat time..?

March 9, 2009

Just about a year ago I was chatting on IM with a friend, and as might be expected we were discussing the election. The Democrat race was anything but sewn up at that point. Both of us being conservatives with a markedly Libertarian bent were anything but happy with the choices available in the race for the Presidency.

How though, could the country be turned on it’s head? He believed that the nation would continue on without much, if any serious change irrespective of who ended up in the oval office. My position was different, as regular readers might expect. I said that our entire way of life could be destroyed. How so? By destroying the economy, or even by making it appear to be the situation. Who would be able to pull that off. The usual suspects of course. George Soros, Chuck Schumer, and so on. My friend suggested that I needed to adjust my tin foil hat for better reception. We both had a good laugh and went on to other things of interest.

Today my RSS feeder lit up with something that caught my attention. Read about it at papundits.

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Posted in Economics, Editorial, Opinion, Education, Law, News, Politics, Wordpress Political Blogs | 9 Comments »

An Obama assessment

March 8, 2009

An Obama assessment requires us to think broadly. Indeed, tactical, operational, and at the strategic level. The tactical we have seen through the election process, and the operational unfolds before us within the so-called “stimulus” boondoggle that is little more than payback for key sponsors of the tactical portion of the over all strategy. The election in plain language. The  operational focus needs some clarification in order to be fully understood, and I stumbled across another blog that explains it all in a manner that makes the impossible understandable.This involves virtually everything from class politics, to gun control, and beyond.

Three cheers for a job well done at Romantic Poet!

It is a rather extensive post, and well worth the time needed to read it.

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Posted in Economics, Editorial, Opinion, Education, Gun Control, Immigration, Law, Men's Issues, mysandry, News, Politics, Uncategorized, Wordpress Political Blogs | Comments Off on An Obama assessment

Just announced, the Rocky dies

February 26, 2009

The Rocky Mountain News, Colorado’s oldest newspaper will cease operations tomorrow.

More about this later.

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Posted in Economics, News, Uncategorized | 2 Comments »

Obama vs. Reagan

February 22, 2009

By Mark Alexander

“This is our moment, this is our time to turn the page on the policies of the past, to offer a new direction. We are fundamentally transforming the United States of America. And generations from now, we will be able to look back and tell our children that this was our time.” –Barack Hussein Obama [emphasis added]

In July 2006, the median price of a home reached an all-time high of $230,900 and, on 9 October 2007, the Wilshire Broad Market Indexes peaked at 15,806, the latter being the most significant indicator of investor confidence.

According to the latest data, the median home price has decreased by almost 25 percent (a $7.5 trillion loss), and the WBMI is now down 50 percent (a $7.9 trillion loss in capital wealth).

Coincidentally, perhaps, the dramatic downturn in the financial and housing markets corresponds to the last presidential campaign, in which one party rallied Americans around an optimistic outlook for the future, and the other rallied constituents around familiar themes of pending doom. The latter made a more compelling case than the former, which gave Barack Obama the victory, but that victory was accompanied by a colossal crisis of confidence, which is largely responsible for the current economic recession.

For sure, there were very real financial problems fueled by the Democrat congressional mandates that the world’s largest lenders, Fannie Mae and Freddie Mac, and others downstream, engaged in subprime mortgage lending in order to create more home-ownership opportunities for their low-income constituents. Those mandates trace their origins to Jimmy Carter’s Community Reinvestment Act of 1977 and Bill Clinton’s insistence that the Department of Housing and Urban Development enforce the CRA regulations. Banks were coerced to alter their lending practices and, by 2006, were underwriting loans to a whole spectrum of unqualified buyers.

As you recall, when Republicans, most notably Sen. John McCain, raised questions about how meddling in the housing market could backfire — four years before the housing collapse began — Demo Rep. Barney Frank was the most vociferous defender of market adulteration: “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. And even if there were a problem, the federal government does not bail them out.”

Apparently Frank understood the importance of market confidence, but insisted, “The federal government does not bail them out.”

Demo Rep. Maxine Waters added, “We do not have a crisis at Freddie Mac and particularly Fannie Mae under the outstanding leadership of Frank Raines.” (That’s the same Frank Raines who directed enormous campaign contributions to Barack Obama.)

It is no small irony that Frank is now chairman of the House Financial Services Committee and Waters is Chairwoman of its Subcommittee on Housing and Community Opportunity.

If fact, economists uniformly agree that the current crisis of confidence in the market reached critical mass when the federal government stepped in to bail out these two massive corporations — and it’s been a hard, fast ride down ever since.

There was a competing philosophy back when Republicans and Democrats were debating the wisdom of government interference in the home lending markets: Republicans insisting this was problematic and Democrats insisting this would create no problems.

Those competing philosophies are boiling over this week, as Barack Obama signed into law his federally mandated confiscation and redistribution of more than $1.3 trillion dollars over the next decade and maybe as much as $3 trillion and counting. One day after signing the so-called “Recovery Act,” Obama promised another $275 billion from the so-called “Troubled Assets Relief Program” for mortgage bailouts to his constituents — those who enjoy more expensive houses than they can afford — loans that Frank and Waters insisted were not a problem.

The nonpartisan Congressional Budget Office offered this summary: “In the longer run, the [Obama] legislation would result in a slight decrease in gross domestic product compared with CBO’s baseline economic forecast.” Put another way, we’re going to add trillions in debt in order to obtain a slight decrease in economic growth.

Now, according to Obama, “Government has to take responsibility for setting rules of the road that are fair and fairly enforced. Banks and lenders must be held accountable for ending the practices that got us into this crisis in the first place. And each of us as individuals has to take responsibility for their own actions. That means all of us have to learn to live within our means again.”

In other words, government is the solution and it was all those greedy bankers and lenders who “got us into this crisis in the first place.”

In a recent debate about President Ronald Reagan’s approach to economic crisis versus that of Barack Obama, columnist Charles Krauthammer argued, “Reagan had a lot more substance and he had a lot more ideas. Obama has never managed a candy store, and the way he put together his cabinet shows that he’s got a long way to go.”

In other words Reagan was all substance and Obama is all fragrance. However, Obama is now managing the largest candy store on the planet.

So, given that both Reagan and Obama entered office in a time of severe economic decline, let’s contrast their proposed solutions and the known outcomes of those solutions: Reagan v. Obama.

In the wake of Jimmy Carter’s “Great Malaise,” the last colossal undermining of American confidence, Ronald Reagan entered office with inflation at almost 14 percent and unemployment soaring into double digits. It took President Reagan several years to restore free-market principles that would sustain the largest peacetime economic surge in American history.

Campaigning for the presidency, Reagan said, “This is the issue: whether we believe in our capacity for self-government or whether we abandon the American Revolution and confess that a little intellectual elite in a far distant capital can plan our lives for us better than we can plan them for ourselves. … Somewhere a perversion has taken place. Our natural, inalienable rights are now considered to be a dispensation of government, and freedom has never been so fragile, so close to slipping from our grasp as it is at this moment.”

In his 1981 inaugural address, President Reagan assured the nation: “The economic ills we suffer … will not go away in days, weeks, or months, but they will go away. They will go away because we, as Americans, have the capacity now, as we have had in the past, to do whatever needs to be done to preserve this last and greatest bastion of freedom. In this present crisis, government is not the solution to our problem; government is the problem. … Our government has no power except that granted it by the people. It is time to check and reverse the growth of government, which shows signs of having grown beyond the consent of the governed. It is my intention to curb the size and influence of the federal establishment and to demand recognition of the distinction between the powers granted to the federal government and those reserved to the states or to the people. All of us need to be reminded that the federal government did not create the states; the states created the federal government.”

Reagan implemented massive tax reductions, deregulation and anti-inflation monetary policies, which brought inflation down to 3.2 percent by 1983 and unleashed a historic period of economic growth. Of course, behind all the policy implementation was the most important element of the recovery: Ronald Reagan was a man of character and substance, as evidenced by his historic re-election in 1984. He restored American confidence.

On the other hand, Obama, now facing the worst economic decline since the Carter debacle, has promised to “fundamentally transform the United States of America. … Everywhere we look, there is work to be done. The state of the economy calls for action, bold and swift, and we will act — to lay a new foundation for growth.”

In his inaugural speech, Obama said, “The question we ask today is not whether our government is too big or too small, but whether it works.” This, of course, suggests that somehow our bloated central government is not the problem, but the solution, if it is managed correctly.

Obama’s economic philosophy and solution to the current crisis is rooted in the tried and failed policies of Franklin Delano Roosevelt, who attempted unsuccessfully to end the Great Depression with massive government spending. Obama also subscribes to Roosevelt’s class-warfare decree: “Here is my principle: Taxes shall be levied according to ability to pay. That is the only American principle.”

If Roosevelt’s “principle” sounds familiar, that’s because it was no more American than Obama’s. Roosevelt was paraphrasing Karl Marx, whose maxim declared, “From each according to his abilities, to each according to his needs.”

History, as we know, is littered with the rubble of failed Socialist regimes. Nonetheless, Obama and his ilk press forward with their statist agendas, clearly indicative of their pathological predisposition toward fatalism.

After signing the Democrats’ massive pork pie spending bill, Obama said, “I don’t want to pretend that today marks the end of our economic problems. Nor does it constitute all of what we have to do to turn our economy around. But today does mark the beginning of the end.”

The beginning of the end of the last chapter of liberty and free enterprise, perhaps…

In the final analysis, Obama can redistribute a lot of wealth, but he can’t do what Reagan did — restore our nations confidence, because most Americans, Left and Right, know that he has no character, no substance.

Make no mistake: The “Recovery Act” is not about economic recovery. It’s about shackling our future to a socialist agenda, which will play out in the next decade short of significant intervention — a cyclical economic recovery, the advent of another great leader with the stature of Reagan, or another unpleasantry like that one begun in 1776, the discussion of which has now entered mainstream conversations, albeit at a whisper.

P.S. Visit Obama’s Recovery Act Web site. Once there, you’ll be greeted with a header proclaiming, “Your money at work.” The Accountability and Transparency section claims, “This is your money. You have a right to know where it’s going and how it’s being spent.”

Isn’t that nice — Obama is telling me who he is giving my money to because I “have a right to know”?

Now, if the money that Obama is confiscating from my family were really “my money,” it would be at work paying our mortgage and my kids’ tuitions, paying small contractors for improvements to our home, growing our small publishing business, funding salary increases for my employees to the benefit of their families. Heck, I might even replace my 10-year-old SUV with another GM product.

Obama’s Recovery Act site also has a link to “Share your Recovery Story.” I invite you to share yours today.

(For a list of economists who oppose BHO’s policies, or to read essays by economists who object, link to http://patriotpost.us/reference/disagreement.php.)

Quote of the week

“The fact is, we’ll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before.” –Ronald Reagan

On cross-examination

“What [Obama calls] tax reductions in this bill are really transfer payments, particularly redistribution of income from the rich to the poor. The economy did very well [after the Bush] tax cuts of 2003. Obama has blamed [the Bush tax cuts] for part of the current financial collapse. There’s really no linkage between the tax cuts of 2003 and the financial and housing collapse we’ve seen in recent months. Abolishing the corporate income tax at the federal level I think would be very positive. It’s a very poor form of taxation. I would make permanent the kinds of changes that were in the 2003 tax reform, including the marginal tax rate structure.” –Harvard Economist Robert Barro on Obama’s “terrible piece of legislation”

Open query

“President Reagan inherited an economic situation even worse than the one President Obama has. When Reagan took office, the economy had been in recession for about a year, the unemployment rate was almost identical to today’s, but the labor force participation rate was smaller, and inflation was out of control. At the time, the newspapers were filled with stories about the ‘worst economy since the Great Depression’ — which, unlike today, was true, and the economic establishment seemed to be bereft of ideas of what to do. Credit markets were in a mess, and both businesses and consumers were not borrowing because they could not afford the interest rates. President Reagan, unlike his critics, had a clear plan to revive the economy, which included: monetary restraint to stop inflation; large reductions in marginal tax rates to renew the incentives to work, save and invest; and a reduction in nondefense spending as a percentage of gross domestic product (GDP). Unlike other recent presidents, Reagan actually kept and delivered on his promises, which resulted in high growth (7.2 percent in 1984 alone) and large reductions in the unemployment rate — particularly, inflation. He stuck with Mr. Volcker and his monetary restraint because he understood inflation had to be brought under control, even though he also knew it would necessarily prolong the recession. How many of today’s politicians would be willing to take the heat for the long run good?” –Richard W. Rahn, Chairman of the Institute for Global Economic Growth

Patriot Post

Vol. 09 No. 07
20 February 2009

Mark’s assessment is much kinder than what I expected. Then again, he is a gentleman.

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Posted in Blogroll, Economics, Editorial, Opinion, Education, Law, News, Politics, Wordpress Political Blogs | 8 Comments »

Unintended Consequences… I seriously doubt that!

February 18, 2009

Regular readers are aware that I am doing something  that is apparently below the pay grade of Congress-persons and Senators.I am actually attempting to read this entire so-called stimulus bill. Others, bless them, are already zeroed in  on the obvious conflicts with freedom and liberty. Reading, and even more importantly interpreting this abomination (Obaminazition?) is worse than learning the Kreb’s Cycle under Gerry Gordon M.D. in Paramedic school!

In any case Gun Owners of America has already hit the ten ring on at minimum some of this veritable beast that I believe may very well catapult the United States into irrevocable balkanization, if not revolution. I pray that secession this time will be Constitutional, and bloodless.

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

Wednesday, February 18, 2009

It was a day that will live in infamy.

President Obama traveled to Denver, Colorado yesterday to sign the
multi-billion dollar, pork-laden, so-called “stimulus” bill
into law.

But forget the $787 billion price tag you heard on TV. Forget the $12
TRILLION debt limit which the bill created.

By the time debt services and other frills of the “socialism
bill” are
accounted for, the cost will be over $3,000,000,000,000 (yes, three
TRILLION).

This makes the bill the biggest government spending grab in human
history.

But what about the details? The hundreds and hundreds of pages in the
bill were not made available until less than 18 hours before the final
passage vote. But here’s what we know in relation to the gun-related
provisions:

* The final bill continues to spend between $12 and $20 BILLION on
requiring your doctor to retroactively put your most confidential
medical records into a government database. Based on our experience
with veterans, we would expect the government to try to use computerized
psychiatric records to impose gun bans on people who have sought (or
will seek) treatment.

* The final bill continues to fund liberal community action groups like
ACORN, which, you may remember, engaged in massive criminal election
fraud on behalf of Barack Obama’s presidential candidacy and also was
involved in anti-Second Amendment activism in New Jersey.

White House Chief of Staff Rahm Emanuel was at least honest when he said
it would be a shame to let a crisis like the current recession “go to
waste.” Like vultures picking on the nation’s carcass, the White House
has used the nation’s pain to lavish largesse on its political
supporters, at the expense of the nation’s economic survival.

And, in the end, this act of ethical depravity was made possible by
every Democrat Senator who voted for the bill, plus the defections of
three Republicans: Arlen Specter (R-PA), Olympia Snowe (R-ME), and
Susan Collins (R-ME).

If there is one silver lining to all of this, it’s the debunking of a
rumor that recently swept across the internet. The rumor claimed that
the provisions of HR 45 — the massive gun registration bill introduced
by Chicago congressman Bobby Rush (D) — were “rolled into”
what was
passed.

But having searched the contents of the new law, GOA staff has
determined the rumor appears to be false.

****************************

Are You A Bitter Clinger?

Who is a Bitter Clinger? According to Barack Obama, who was recorded
unawares at a San Francisco fundraiser, bitter clingers are voters who
are bitter because of their economic frustration and so cling bitterly
to their Bibles and their guns.

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

The Scamulus Bill

February 17, 2009

This monster is something else; I’m not even half way through it and so far it looks like a manifesto. One that will lock socialism in place in America for generations to come. Here, read it for yourself…

* Text of the Conference Report – Division A
* Text of the Conference Report – Division B
* Joint Explanatory Statement – Division A
* Joint Explanatory Statement – Division B

Thanks to Downsize D.C

Scroll through these pdf files and you’ll see that the bill is filled with . . .

* Hand-written copy-editing,
* Insertions scrawled in the margins,
* Typographical deletions of whole paragraphs,
* And a variety of curious hash marks and other annotations.

Congressional leaders were so SCARED of the growing public opposition that they couldn’t even take the time to type the changes into a laptop!

But now, at least, we’ll finally get to learn the ingredients of this particular sausage. Think-tank scholars will read the bits that relate to their expertize and tell us about the toxic ingredients.

As the details ooze out, the President and Congressional Democrats will look very slimy. Their dire warnings about the need for speed to save the economy will ring hollow. They’ll lose credibility, and future legislation will be harder to pass.

We intend to stoke the public’s growing distrust into an inferno, starting today. The action item for today is a “Thank or Spank” message.

Your message will go to both your Representative and your two Senators. Tell them, in front of each other, what you think of their vote — thank or spank them. Remember, these people work for you!

Here’s how I “personalized” my note to my delegation,

“Sherrod Brown was flown into town, at my expense (as a taxpayer), to cast the final and most necessary vote to pass this huge, unread, boondoggle bill that rips-off both me and my children. That offends me. It’s like being asked to buy the club with which you intend to beat me.

“I also protest Ms. Sutton’s support of this bill and applaud Mr. Voinovich for voting no.

“November 2010 may seem far away, and the Republicans may yet offend me again, as they have in the past, but I’m going to remember that the Republicans were on the right side in this vote, and the Democrats almost entirely in the wrong.”

Please look below my signature to see how your elected representatives voted, and then thank or spank them.

Urge others to do the same by forwarding this Dispatch to others, and by Digging it on our blog.

Thanks for being part of the growing Downsize DC Army,

Jim Babka
President
DownsizeDC.org, Inc.

P.S.SENATE
Alabama
Nay AL Sessions, Jefferson
Nay AL Shelby, Richard
Alaska
Yea AK Begich, Mark
Nay AK Murkowski, Lisa
Arizona
Nay AZ Kyl, Jon
Nay AZ McCain, John
Arkansas
Yea AR Lincoln, Blanche
Yea AR Pryor, Mark
California
Yea CA Boxer, Barbara
Yea CA Feinstein, Dianne
Colorado
Yea CO Bennet, Michael
Yea CO Udall, Mark
Connecticut
Yea CT Dodd, Christopher
Yea CT Lieberman, Joseph
Delaware
Yea DE Carper, Thomas
Yea DE Kaufman, Edward
Florida
Yea FL Nelson, Bill
Nay FL Martinez, Mel
Georgia
Nay GA Chambliss, Saxby
Nay GA Isakson, John
Hawaii
Yea HI Akaka, Daniel
Yea HI Inouye, Daniel
Idaho
Nay ID Crapo, Michael
Nay ID Risch, James
Illinois
Yea IL Burris, Roland
Yea IL Durbin, Richard
Indiana
Yea IN Bayh, Evan
Nay IN Lugar, Richard
Iowa
Yea IA Harkin, Thomas
Nay IA Grassley, Charles
Kansas
Nay KS Brownback, Samuel
Nay KS Roberts, Pat
Kentucky
Nay KY Bunning, Jim
Nay KY McConnell, Mitch
Louisiana
Yea LA Landrieu, Mary
Nay LA Vitter, David
Maine
Yea ME Collins, Susan
Yea ME Snowe, Olympia
Maryland
Yea MD Cardin, Benjamin
Yea MD Mikulski, Barbara
Massachusetts
Yea MA Kerry, John
Not Voting MA Kennedy, Edward
Michigan
Yea MI Levin, Carl
Yea MI Stabenow, Debbie Ann
Minnesota
Yea MN Klobuchar, Amy
Mississippi
Nay MS Cochran, Thad
Nay MS Wicker, Roger
Missouri
Yea MO McCaskill, Claire
Nay MO Bond, Christopher
Montana
Yea MT Baucus, Max
Yea MT Tester, Jon
Nebraska
Yea NE Nelson, Ben
Nay NE Johanns, Mike
Nevada
Yea NV Reid, Harry
Nay NV Ensign, John
New Hampshire
Yea NH Shaheen, Jeanne
Nay NH Gregg, Judd
New Jersey
Yea NJ Lautenberg, Frank
Yea NJ Menendez, Robert
New Mexico
Yea NM Bingaman, Jeff
Yea NM Udall, Tom
New York
Yea NY Gillibrand, Kirsten
Yea NY Schumer, Charles
North Carolina
Yea NC Hagan, Kay
Nay NC Burr, Richard
North Dakota
Yea ND Conrad, Kent
Yea ND Dorgan, Byron
Ohio
Yea OH Brown, Sherrod
Nay OH Voinovich, George
Oklahoma
Nay OK Coburn, Thomas
Nay OK Inhofe, James
Oregon
Yea OR Merkley, Jeff
Yea OR Wyden, Ron
Pennsylvania
Yea PA Casey, Robert
Yea PA Specter, Arlen
Rhode Island
Yea RI Reed, John
Yea RI Whitehouse, Sheldon
South Carolina
Nay SC DeMint, Jim
Nay SC Graham, Lindsey
South Dakota
Yea SD Johnson, Tim
Nay SD Thune, John
Tennessee
Nay TN Alexander, Lamar
Nay TN Corker, Bob
Texas
Nay TX Cornyn, John
Nay TX Hutchison, Kay
Utah
Nay UT Bennett, Robert
Nay UT Hatch, Orrin
Vermont
Yea VT Leahy, Patrick
Yea VT Sanders, Bernard
Virginia
Yea VA Warner, Mark
Yea VA Webb, Jim
Washington
Yea WA Cantwell, Maria
Yea WA Murray, Patty
West Virginia
Yea WV Byrd, Robert
Yea WV Rockefeller, John
Wisconsin
Yea WI Feingold, Russell
Yea WI Kohl, Herbert
Wyoming
Nay WY Barrasso, John
Nay WY Enzi, Michael


HOUSE OF REPRESENTATIVES
Alabama
Nay AL-1 Bonner, Jo
Nay AL-2 Bright, Bobby
Nay AL-3 Rogers, Michael
Nay AL-4 Aderholt, Robert
Nay AL-5 Griffith, Parker
Nay AL-6 Bachus, Spencer
Yea AL-7 Davis, Artur
Alaska
Nay AK-0 Young, Donald
Arizona
Yea AZ-1 Kirkpatrick, Ann
Nay AZ-2 Franks, Trent
Nay AZ-3 Shadegg, John
Yea AZ-4 Pastor, Edward
Yea AZ-5 Mitchell, Harry
Nay AZ-6 Flake, Jeff
Yea AZ-7 Grijalva, Raul
Yea AZ-8 Giffords, Gabrielle
Arkansas
Yea AR-1 Berry, Robert
Yea AR-2 Snyder, Victor
Nay AR-3 Boozman, John
Yea AR-4 Ross, Mike
California
Yea CA-1 Thompson, C.
Nay CA-2 Herger, Walter
Nay CA-3 Lungren, Daniel
Nay CA-4 McClintock, Tom
Yea CA-5 Matsui, Doris
Yea CA-6 Woolsey, Lynn
Yea CA-7 Miller, George
Yea CA-8 Pelosi, Nancy
Yea CA-9 Lee, Barbara
Yea CA-10 Tauscher, Ellen
Yea CA-11 McNerney, Jerry
Yea CA-12 Speier, Jackie
Yea CA-13 Stark, Fortney
Yea CA-14 Eshoo, Anna
Yea CA-15 Honda, Michael
Yea CA-16 Lofgren, Zoe
Yea CA-17 Farr, Sam
Yea CA-18 Cardoza, Dennis
Nay CA-19 Radanovich, George
Yea CA-20 Costa, Jim
Nay CA-21 Nunes, Devin
Nay CA-22 McCarthy, Kevin
Yea CA-23 Capps, Lois
Nay CA-24 Gallegly, Elton
Nay CA-25 McKeon, Howard
Nay CA-26 Dreier, David
Yea CA-27 Sherman, Brad
Yea CA-28 Berman, Howard
Yea CA-29 Schiff, Adam
Yea CA-30 Waxman, Henry
Yea CA-31 Becerra, Xavier
Yea CA-32 Solis, Hilda
Yea CA-33 Watson, Diane
Yea CA-34 Roybal-Allard, Lucille
Yea CA-35 Waters, Maxine
Yea CA-36 Harman, Jane
Yea CA-37 Richardson, Laura
Yea CA-38 Napolitano, Grace
Yea CA-39 Sanchez, Linda
Nay CA-40 Royce, Edward
Nay CA-41 Lewis, Jerry
Nay CA-42 Miller, Gary
Yea CA-43 Baca, Joe
Nay CA-44 Calvert, Ken
Nay CA-45 Bono Mack, Mary
Nay CA-46 Rohrabacher, Dana
Yea CA-47 Sanchez, Loretta
Not Voting CA-48 Campbell, John
Nay CA-49 Issa, Darrell
Nay CA-50 Bilbray, Brian
Yea CA-51 Filner, Bob
Nay CA-52 Hunter, Duncan
Yea CA-53 Davis, Susan
Colorado
Yea CO-1 DeGette, Diana
Yea CO-2 Polis, Jared
Yea CO-3 Salazar, John
Yea CO-4 Markey, Betsy
Nay CO-5 Lamborn, Doug
Nay CO-6 Coffman, Mike
Yea CO-7 Perlmutter, Ed
Connecticut
Yea CT-1 Larson, John
Yea CT-2 Courtney, Joe
Yea CT-3 DeLauro, Rosa
Yea CT-4 Himes, James
Yea CT-5 Murphy, Christopher
Delaware
Nay DE-0 Castle, Michael
Florida
Nay FL-1 Miller, Jeff
Yea FL-2 Boyd, Allen
Yea FL-3 Brown, Corrine
Nay FL-4 Crenshaw, Ander
Nay FL-5 Brown-Waite, Virginia
Nay FL-6 Stearns, Clifford
Nay FL-7 Mica, John
Yea FL-8 Grayson, Alan
Nay FL-9 Bilirakis, Gus
Nay FL-10 Young, C. W.
Yea FL-11 Castor, Kathy
Nay FL-12 Putnam, Adam
Nay FL-13 Buchanan, Vern
Nay FL-14 Mack, Connie
Nay FL-15 Posey, Bill
Nay FL-16 Rooney, Thomas
Yea FL-17 Meek, Kendrick
Nay FL-18 Ros-Lehtinen, Ileana
Yea FL-19 Wexler, Robert
Yea FL-20 Wasserman Schultz, Debbie
Nay FL-21 Diaz-Balart, Lincoln
Yea FL-22 Klein, Ron
Yea FL-23 Hastings, Alcee
Yea FL-24 Kosmas, Suzanne
Nay FL-25 Diaz-Balart, Mario
Georgia
Nay GA-1 Kingston, Jack
Yea GA-2 Bishop, Sanford
Nay GA-3 Westmoreland, Lynn
Yea GA-4 Johnson, Henry
Yea GA-5 Lewis, John
Nay GA-6 Price, Tom
Nay GA-7 Linder, John
Yea GA-8 Marshall, James
Nay GA-9 Deal, Nathan
Nay GA-10 Broun, Paul
Nay GA-11 Gingrey, John
Yea GA-12 Barrow, John
Yea GA-13 Scott, David
Hawaii
Yea HI-1 Abercrombie, Neil
Yea HI-2 Hirono, Mazie
Idaho
Nay ID-1 Minnick, Walter
Nay ID-2 Simpson, Michael
Illinois
Yea IL-1 Rush, Bobby
Yea IL-2 Jackson, Jesse
Present IL-3 Lipinski, Daniel
Yea IL-4 Gutierrez, Luis
Nay IL-6 Roskam, Peter
Yea IL-7 Davis, Danny
Yea IL-8 Bean, Melissa
Yea IL-9 Schakowsky, Janice
Nay IL-10 Kirk, Mark
Yea IL-11 Halvorson, Deborah
Yea IL-12 Costello, Jerry
Nay IL-13 Biggert, Judy
Yea IL-14 Foster, Bill
Nay IL-15 Johnson, Timothy
Nay IL-16 Manzullo, Donald
Yea IL-17 Hare, Phil
Nay IL-18 Schock, Aaron
Nay IL-19 Shimkus, John
Indiana
Yea IN-1 Visclosky, Peter
Yea IN-2 Donnelly, Joe
Nay IN-3 Souder, Mark
Nay IN-4 Buyer, Stephen
Nay IN-5 Burton, Dan
Nay IN-6 Pence, Mike
Yea IN-7 Carson, André
Yea IN-8 Ellsworth, Brad
Yea IN-9 Hill, Baron
Iowa
Yea IA-1 Braley, Bruce
Yea IA-2 Loebsack, David
Yea IA-3 Boswell, Leonard
Nay IA-4 Latham, Thomas
Nay IA-5 King, Steve
Kansas
Nay KS-1 Moran, Jerry
Nay KS-2 Jenkins, Lynn
Yea KS-3 Moore, Dennis
Nay KS-4 Tiahrt, Todd
Kentucky
Nay KY-1 Whitfield, Edward
Nay KY-2 Guthrie, Brett
Yea KY-3 Yarmuth, John
Nay KY-4 Davis, Geoff
Nay KY-5 Rogers, Harold
Yea KY-6 Chandler, Ben
Louisiana
Nay LA-1 Scalise, Steve
Nay LA-2 Cao, Anh
Yea LA-3 Melancon, Charles
Nay LA-4 Fleming, John
Nay LA-5 Alexander, Rodney
Nay LA-6 Cassidy, Bill
Nay LA-7 Boustany, Charles
Maine
Yea ME-1 Pingree, Chellie
Yea ME-2 Michaud, Michael
Maryland
Yea MD-1 Kratovil, Frank
Yea MD-2 Ruppersberger, C.A.
Yea MD-3 Sarbanes, John
Yea MD-4 Edwards, Donna
Yea MD-5 Hoyer, Steny
Nay MD-6 Bartlett, Roscoe
Yea MD-7 Cummings, Elijah
Yea MD-8 Van Hollen, Christopher
Massachusetts
Yea MA-1 Olver, John
Yea MA-2 Neal, Richard
Yea MA-3 McGovern, James
Yea MA-4 Frank, Barney
Yea MA-5 Tsongas, Niki
Yea MA-6 Tierney, John
Yea MA-7 Markey, Edward
Yea MA-8 Capuano, Michael
Yea MA-9 Lynch, Stephen
Yea MA-10 Delahunt, William
Michigan
Yea MI-1 Stupak, Bart
Nay MI-2 Hoekstra, Peter
Nay MI-3 Ehlers, Vernon
Nay MI-4 Camp, David
Yea MI-5 Kildee, Dale
Nay MI-6 Upton, Frederick
Yea MI-7 Schauer, Mark
Nay MI-8 Rogers, Michael
Yea MI-9 Peters, Gary
Nay MI-10 Miller, Candice
Nay MI-11 McCotter, Thaddeus
Yea MI-12 Levin, Sander
Yea MI-13 Kilpatrick, Carolyn
Yea MI-14 Conyers, John
Yea MI-15 Dingell, John
Minnesota
Yea MN-1 Walz, Timothy
Nay MN-2 Kline, John
Nay MN-3 Paulsen, Erik
Yea MN-4 McCollum, Betty
Yea MN-5 Ellison, Keith
Nay MN-6 Bachmann, Michele
Nay MN-7 Peterson, Collin
Yea MN-8 Oberstar, James
Mississippi
Yea MS-1 Childers, Travis
Yea MS-2 Thompson, Bennie
Nay MS-3 Harper, Gregg
Nay MS-4 Taylor, Gene
Missouri
Yea MO-1 Clay, William
Nay MO-2 Akin, W.
Yea MO-3 Carnahan, Russ
Yea MO-4 Skelton, Ike
Yea MO-5 Cleaver, Emanuel
Nay MO-6 Graves, Samuel
Nay MO-7 Blunt, Roy
Nay MO-8 Emerson, Jo Ann
Nay MO-9 Luetkemeyer, Blaine
Montana
Nay MT-0 Rehberg, Dennis
Nebraska
Nay NE-1 Fortenberry, Jeffrey
Nay NE-2 Terry, Lee
Nay NE-3 Smith, Adrian
Nevada
Yea NV-1 Berkley, Shelley
Nay NV-2 Heller, Dean
Yea NV-3 Titus, Dina
New Hampshire
Yea NH-1 Shea-Porter, Carol
Yea NH-2 Hodes, Paul
New Jersey
Yea NJ-1 Andrews, Robert
Nay NJ-2 LoBiondo, Frank
Yea NJ-3 Adler, John
Nay NJ-4 Smith, Christopher
Nay NJ-5 Garrett, Scott
Yea NJ-6 Pallone, Frank
Nay NJ-7 Lance, Leonard
Yea NJ-8 Pascrell, William
Yea NJ-9 Rothman, Steven
Yea NJ-10 Payne, Donald
Nay NJ-11 Frelinghuysen, Rodney
Yea NJ-12 Holt, Rush
Yea NJ-13 Sires, Albio
New Mexico
Yea NM-1 Heinrich, Martin
Yea NM-2 Teague, Harry
Yea NM-3 Lujan, Ben
New York
Yea NY-1 Bishop, Timothy
Yea NY-2 Israel, Steve
Nay NY-3 King, Peter
Yea NY-4 McCarthy, Carolyn
Yea NY-5 Ackerman, Gary
Yea NY-6 Meeks, Gregory
Yea NY-7 Crowley, Joseph
Yea NY-8 Nadler, Jerrold
Yea NY-9 Weiner, Anthony
Yea NY-10 Towns, Edolphus
Yea NY-11 Clarke, Yvette
Yea NY-12 Velazquez, Nydia
Yea NY-13 McMahon, Michael
Yea NY-14 Maloney, Carolyn
Yea NY-15 Rangel, Charles
Yea NY-16 Serrano, José
Yea NY-17 Engel, Eliot
Yea NY-18 Lowey, Nita
Yea NY-19 Hall, John
Yea NY-21 Tonko, Paul
Yea NY-22 Hinchey, Maurice
Nay NY-23 McHugh, John
Yea NY-24 Arcuri, Michael
Yea NY-25 Maffei, Daniel
Not Voting NY-26 Lee, Christopher
Yea NY-27 Higgins, Brian
Yea NY-28 Slaughter, Louise
Yea NY-29 Massa, Eric
North Carolina
Yea NC-1 Butterfield, George
Yea NC-2 Etheridge, Bob
Nay NC-3 Jones, Walter
Yea NC-4 Price, David
Nay NC-5 Foxx, Virginia
Nay NC-6 Coble, Howard
Yea NC-7 McIntyre, Mike
Yea NC-8 Kissell, Larry
Nay NC-9 Myrick, Sue
Nay NC-10 Mchenry, Patrick
Nay NC-11 Shuler, Heath
Yea NC-12 Watt, Melvin
Yea NC-13 Miller, R.
North Dakota
Yea ND-0 Pomeroy, Earl
Ohio
Yea OH-1 Driehaus, Steve
Nay OH-2 Schmidt, Jean
Nay OH-3 Turner, Michael
Nay OH-4 Jordan, Jim
Nay OH-5 Latta, Robert
Yea OH-6 Wilson, Charles
Nay OH-7 Austria, Steve
Nay OH-8 Boehner, John
Yea OH-9 Kaptur, Marcy
Yea OH-10 Kucinich, Dennis
Yea OH-11 Fudge, Marcia
Nay OH-12 Tiberi, Patrick
Yea OH-13 Sutton, Betty
Nay OH-14 LaTourette, Steven
Yea OH-15 Kilroy, Mary Jo
Yea OH-16 Boccieri, John
Yea OH-17 Ryan, Timothy
Yea OH-18 Space, Zachary
Oklahoma
Nay OK-1 Sullivan, John
Yea OK-2 Boren, Dan
Nay OK-3 Lucas, Frank
Nay OK-4 Cole, Tom
Nay OK-5 Fallin, Mary
Oregon
Yea OR-1 Wu, David
Nay OR-2 Walden, Greg
Yea OR-3 Blumenauer, Earl
Nay OR-4 DeFazio, Peter
Yea OR-5 Schrader, Kurt
Pennsylvania
Yea PA-1 Brady, Robert
Yea PA-2 Fattah, Chaka
Yea PA-3 Dahlkemper, Kathleen
Yea PA-4 Altmire, Jason
Nay PA-5 Thompson, Glenn
Nay PA-6 Gerlach, Jim
Yea PA-7 Sestak, Joe
Yea PA-8 Murphy, Patrick
Nay PA-9 Shuster, William
Yea PA-10 Carney, Christopher
Yea PA-11 Kanjorski, Paul
Yea PA-12 Murtha, John
Yea PA-13 Schwartz, Allyson
Yea PA-14 Doyle, Michael
Nay PA-15 Dent, Charles
Nay PA-16 Pitts, Joseph
Yea PA-17 Holden, Tim
Nay PA-18 Murphy, Tim
Nay PA-19 Platts, Todd
Rhode Island
Yea RI-1 Kennedy, Patrick
Yea RI-2 Langevin, James
South Carolina
Nay SC-1 Brown, Henry
Nay SC-2 Wilson, Addison
Nay SC-3 Barrett, James
Nay SC-4 Inglis, Bob
Yea SC-5 Spratt, John
Not Voting SC-6 Clyburn, James
South Dakota
Yea SD-0 Herseth Sandlin, Stephanie
Tennessee
Nay TN-1 Roe, David
Nay TN-2 Duncan, John
Nay TN-3 Wamp, Zach
Yea TN-4 Davis, Lincoln
Yea TN-5 Cooper, Jim
Yea TN-6 Gordon, Barton
Nay TN-7 Blackburn, Marsha
Yea TN-8 Tanner, John
Yea TN-9 Cohen, Steve
Texas
Nay TX-1 Gohmert, Louis
Nay TX-2 Poe, Ted
Nay TX-3 Johnson, Samuel
Nay TX-4 Hall, Ralph
Nay TX-5 Hensarling, Jeb
Nay TX-6 Barton, Joe
Nay TX-7 Culberson, John
Nay TX-8 Brady, Kevin
Yea TX-9 Green, Al
Nay TX-10 McCaul, Michael
Nay TX-11 Conaway, K.
Nay TX-12 Granger, Kay
Nay TX-13 Thornberry, William
Nay TX-14 Paul, Ronald
Yea TX-15 Hinojosa, Rubén
Yea TX-16 Reyes, Silvestre
Yea TX-17 Edwards, Thomas
Yea TX-18 Jackson-Lee, Sheila
Nay TX-19 Neugebauer, Randy
Yea TX-20 Gonzalez, Charles
Nay TX-21 Smith, Lamar
Nay TX-22 Olson, Pete
Yea TX-23 Rodriguez, Ciro
Nay TX-24 Marchant, Kenny
Yea TX-25 Doggett, Lloyd
Nay TX-26 Burgess, Michael
Yea TX-27 Ortiz, Solomon
Yea TX-28 Cuellar, Henry
Yea TX-29 Green, Raymond
Yea TX-30 Johnson, Eddie
Nay TX-31 Carter, John
Nay TX-32 Sessions, Peter
Utah
Nay UT-1 Bishop, Rob
Yea UT-2 Matheson, Jim
Nay UT-3 Chaffetz, Jason
Vermont
Yea VT-0 Welch, Peter
Virginia
Nay VA-1 Wittman, Rob
Yea VA-2 Nye, Glenn
Yea VA-3 Scott, Robert
Nay VA-4 Forbes, James
Yea VA-5 Perriello, Thomas
Nay VA-6 Goodlatte, Robert
Nay VA-7 Cantor, Eric
Yea VA-8 Moran, James
Yea VA-9 Boucher, Frederick
Nay VA-10 Wolf, Frank
Yea VA-11 Connolly, Gerald
Washington
Yea WA-1 Inslee, Jay
Yea WA-2 Larsen, Rick
Yea WA-3 Baird, Brian
Nay WA-4 Hastings, Doc
Nay WA-5 McMorris Rodgers, Cathy
Yea WA-6 Dicks, Norman
Yea WA-7 McDermott, James
Nay WA-8 Reichert, Dave
Yea WA-9 Smith, Adam
West Virginia
Yea WV-1 Mollohan, Alan
Nay WV-2 Capito, Shelley
Yea WV-3 Rahall, Nick
Wisconsin
Nay WI-1 Ryan, Paul
Yea WI-2 Baldwin, Tammy
Yea WI-3 Kind, Ronald
Yea WI-4 Moore, Gwen
Nay WI-5 Sensenbrenner, F.
Nay WI-6 Petri, Thomas
Yea WI-7 Obey, David
Yea WI-8 Kagen, Steve
Wyoming
Nay WY-0 Lummis, Cynthia

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