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Monday, March 30, 2009

The country's first victim of the Obama socialist regime...

The first victim of Obama’s socialist regime has been identified. It is Rick Wagoner, CEO (or shall we say former CEO) of GM. He was fired by the White House on Sunday. I’m telling you folks, it’s just the beginning of government control. Who’s next? I suspect that if things don’t shape up at Chrysler, CEO Robert Nardelli will be Obama’s next victim.

The White House asked Wagoner to leave just as the president announced his “strategy for U.S. auto industry”. Since when did the government start making strategy for any industry? We should have followed Sweden’s action. The Enterprise Minister (why don’t we have one of those) said “the Swedish state is not prepared to own car factories.”

GM has already received $13.4 billion from the government and is putting their hands out for $16.6 billion more. While the administration is giving them 60 days to make things better, they are delaying the ineveitable. Both companies should have filed bankruptcy back in December. Bankruptcy codes were written into the Constitution, Article 1, Section 8 and states the following:

Authorizes Congress to enact "uniform Laws on the subject of Bankruptcies."
Under this grant of authority, Congress enacted the "Bankruptcy Code" in 1978.
The Bankruptcy Code, which is codified as title 11 of the United States Code,
has been amended several times since its enactment. It is the uniform federal
law that governs all bankruptcy cases.

The fundamental goal is to give debtors a financial fresh start from “burdensome debts”. In 1934, the Supreme Court made this point:

It gives to the honest but unfortunate debtor…a new opportunity in life and a
clear field for future effort, unhampered by the pressure and discouragement of
preexisting debt.

I guess as long as the liberals are in control, bankruptcy will not be an option. They’ll just continue to take over industry after industry and weed out those they don’t want in control. More victims to come, but I wonder if the President of the UAW will be on the victim’s list? Hmm, probably not….

Thursday, March 26, 2009

The battle over the numbers

The administration is estimating that by 2019 we could see a deficit topping $9.3 trillion. However, the Congressional Budget Office (CBO) estimates that number to be $2.3 trillion more. A number unsustainable by any standards and could force the country into bankruptcy.

It appears our new president is going ahead with his agenda and doesn’t care if it bankrupts the country. While we do need to look at revamping the health insurance industry (nationalized and rationalized health care is NOT the answer) and we should look for alternative forms of energy, when we have just spent trillions to “stimulate” the economy, now is not the time. Our President seems to think that these investments “will lead to real growth and prosperity over the long term.” I say it leads to bankruptcy and a dreary outlook for our children and grandchildren.

How does the president plan to pay for these programs, by raising taxes. Just raising them on the upper 2% of Americans will not cover the cost so be prepared for tax increases on all Americans.

In the words of Daniel Hannan (European Member of Parliament) who just blasted PM Gordon Brown for his spending habits said “You can’t spend your way out of a recession or borrow your way out of debt”. Couldn’t agree more and even the GOP states that the president’s plan “taxes, spends and borrows too much” and the economic stimulus and omnibus bills just passed “awarded big increases to domestic agency budgets.” House Minority Leader John Boehner, (R-Ohio) was quoted saying “We simply cannot continue to mortgage our children and grandchildren's future to pay for bigger and more costly government."

Wednesday, March 25, 2009

Boy, I wish we had a politician like this..

Did you catch the youtube video of Daniel Hannan, member of the European Parliament? If not, here is the link to the video

In a three minute video, he basically blast PM Gordon Brown for spending money they don't have (sound familiar). If only we had a Conservative who had the guts to say this to Obama's face. One of my favorite lines by Hannan - “you cannot spend your way out of a recession or borrow your way out of debt”. Words to live by...

When will the American people stand up and say "I'm mad as hell and I'm not going to take it anymore."

Sunday, March 22, 2009

One step closer to socialism....

This weekend the Obama Administration announced it will press for government oversight by the Federal Reserve concerning executive pay at banks, companies, and Wall Street firms even those that don't take taxpayer money. Now, the arguement can be made that bonuses and contracts should be null and void when a company accepts taxpayer dollars. Other than that, back off..

If this isn't one more step toward socialism, then I don't know what is. If the Obama Administration wants to regulate executive pay, let's start with the "firm" at the other end of Pennsylvania Avenue called Congress.

This week reminded us that the government has NO business and should NOT be involved in the private sector. This whole act Congress and the president put on saying they were "stunned" by the AIG bonuses is ridiculous. If Congress had just read the darn bill, they would have known about the bonuses.

Perhaps our tax evading Treasury Secretary shouldn't sell his home in New York just yet, he may be leaving on a jet plane soon.

Monday, March 16, 2009

there's a revolution brewing America..

It's been 236 years since our last revolution, and I do believe it's time for another one. Tea parties are popping up all over America (fyi, the next tea party is tax day, April 15) and the media and now the White House can no longer ignore us. American's are fed up with not being heard in Washington, and we are no longer going to sit by and let them ruin this country.

I've long been against term limits but have recently changed my mind. I'll have more in a later blog but we must find a way to make term limit Congress or this country is on the brink of ruin.

Congress and the new president decided to turn a blind eye to the deficits they are leaving the next generation and spend like there is no tomorrow. If I kept spending even after my checkbook hit the red, my bank would slap me with so many "overlimit fees", I'd stop spending.

If you want to know how to organize your own tea party, visit this website

For more information about returning to our principles and values, visit Glenn Beck's website the 912 project at

Keep it up America, they won't be able to ignore us much longer....

Tuesday, March 10, 2009

If far right means.....

Being for smaller government, capitalism, national security, free choice in educating my children, pro-life, fiscal responsibility, tax cuts for ALL Americans, and the American Dream,
then count me in...

Sunday, March 8, 2009

Class Warfare will get us nowhere

Ever been on an enemies’ list? Well, if you make more than $250,000/year you are now. Instead of targeting terrorists to keep our country safe, our President is targeting those lucky Americans who worked hard and succeeded in life using a well known idea called CAPITALISM.

In the President’s words, these lucky Americans are guilty of being “special interests” and “lobbyists.” Bush’s tax cuts were “an excuse to transfer wealth to the wealthy” and that he would bring to his administration “fairness” by raising taxes on “the wealthiest 2% of Americans.” (Fairness Mr. President, let’s try replacing the current tax code with the fair tax).

The president has even gone as far as to say that he must expand government “to keep the private sector honest.” Government and honesty just don’t go together in my book. As the late Ronald Reagan put it “Government isn’t the solution to the problem, government is the problem”. Words to live by...

Even Wall Street is worried about this new president and his hatred for capitalism. The stock market has reached new lows not seen since 1997 and since Obama’s Inauguration Day, the dow had dropped 20%. Despite his claim that only the wealthy play the stock market, an estimated 55 million households hold mutual funds and stocks, making them “collateral” damage of his new war.

Instead of becoming friends with Wall Street (like his predecessors) he would rather anger them by denouncing them and then raise their taxes. What he doesn’t realize is that he will also affect the millions of small business owners who produce most the jobs and raising taxes will eventually trickle down to the “middle class” in the forms of higher prices for products and services.

Obama recently gave a speech to the Business Roundtable and actually said “I am a strong believer in the ability of the free market to generate wealth and prosperity that’s shared across the board." What?? Shared wealth? Let's call it what is it - Socialism.

Taxes should never be raised during times of economic downturns but the administration is trying to convince these “wealthy” Americans that by the time their taxes go up the recessions will be over. Like that’s supposed to help.

Well I’ve got news for you Mr. President, those 2% of Americans making $250,000/year or more are, according to ABC News looking for ways to cut their income. Why work hard only to make more only to have it transferred to those that don't. Charities, who are already seeing decreases in contributions, will also be hurt more by the new tax law that cuts deductions for charitable donates for these same 2%.

So it appears our first victims under this new administration’s tax hike will be the small business owners/entrepreneurs, doctors and lawyers, charities and eventually it WILL hit the middle class.

Now that’s change we can believe in. Thanks, but no thanks, I’ll keep my change in my own piggy bank.

How dumb do they think we are?

If you didn’t catch Newt Gingrich’s speech at CPAC, I encourage you to search the internet for it. He posed the question that most Americans are asking themselves - how dumb do they think we are? The former speaker states “To suggest to us that he is opposed to earmarks when the very next day the Democrats are going to bring up a bill with 8,000 earmarks in it… I was startled that he was saying to us he was opposed to earmarks [but not those 8,000 earmarks]. So I said to myself I wonder how dumb do they think we are that we wouldn’t notice 8,000 earmarks?”

Obama proclaimed during the campaign “we need earmark reform and when I'm president, I will go line by line to make sure that we are not spending money unwisely." This is interesting since the president does not have the line item veto but I guess someone forgot to tell him.
Rep. Gregory Meeks (D-NY) chimed in on the subject by saying to FNC Host Neil Cavuto “well it depends on your definition of earmarks”? WHAT?? I’m not surprised that democrats are using this argument again (remember President Clinton, “well it depends on the meaning of what is “is”). Well to set the record straight, I looked it up earmarks. According to Wikipedia, “in US politics, an earmark is a congressional provision that directs approved funds to be spent on specific projects or that directs specific exemptions from taxes or mandated fees. Typically, a legislator seeks to insert earmarks that direct a specified amount of money to a particular organization or project in his/her home state or district.”

Despite his “we need earmark reform” rhetoric, Obama has pledged to sign the $410 billion omnibus spending bill filled with almost 9,000 earmarks totaling some $5.5 billion. The president states that these earmarks are left over from the Bush years, so what! If you wanted to clean up the bill Mr. President, then you, Pelosi and Reid could have done so. We aren’t stupid.

Trying to tell us that all this spending is to stimulate the economy is a bunch of bull. This is the democrats way of finally getting to spend the money they have been chomping at the bit to put into place. Now some earmarks could be argued are necessary but in this economic crisis (Obama’s favorite word), they can wait. Some are down right ridiculous. I mean really do we need to spend $1.8 million to study swine odor or $6 million to study termites? I mean please.

If this recession is going to make responsible Americans live within their means, than it is high time the government do the same. To Congress, I say stop it. We are tired of the spending and the bailouts which aren’t doing anything but get us further into debt and we aren't going to take it anymore.

Wednesday, March 4, 2009

Mr. President, you need a lesson in Economics 101

The President just doesn’t understand economics and his policy team doesn’t seem to understand either. The markets like specifics and the Obama administration has yet to provide them with any. At his first presser, he told America that his tax evading Treasury Secretary would elaborate on how to handle banking crisis but he didn’t and the stock market fell 400 plus points.

And now he wants to give stock market advice. During a presser with PM Gordon Brown, the Preisdent said that stocks are a “potentially good deal” for the long term. Sure IF YOU’RE A NEWBORN!

Overall, the stock market has lost 3,000 points and Americans have lost nearly $3 Trillion dollars in their retirement accounts since Obama was elected.

Our government, led by the excessive spending liberals, have spent more money since January 20 then they have in the 233 years of this country. It comes out to a whopping $36 billion a day.

While speaking to the press, Obama said the following:
“What I'm looking at is not the day-to-day gyrations of the stock market but the long-term, uh, ability for the United States and the entire world economy, uh, to regain its footing. Uh, and, y-y-you know, the stock market is sort of like a tracking poll in politics. It bobs up and down day to day, uh, and if you spend all your time worrying about that, you're probably going to get long-term strategy wrong.” Unfortuneatly, Mr. President it's mostly bobing down and down.

How much money have you lost in the stock market, Mr. President?