Monthly Archives: November 2009

The New Party of No

Republicans talk about lowering taxes and getting our deficits under control.  In reality, they only manage half of that promise.  Now Obama is jumping on the budget-hawk bandwagon saying that after we spend $1 Trillion+ on his entitlement program, we should cut domestic spending.  According to Bruce Bartlett’s book, “The New American Economy: The Failure of Reaganomics and a New Way Forward”, there is very little room to cut domestic spending.  If we take away defense and entitlement spending the total discretionary domestic bill comes to only $485 Billion and last year’s deficit was $459 Billion.  We would have to cut every domestic program like education, the FBI, NSA, highways, etc.  The only alternative is to start looking at those entitlement programs or accept that we all need to pay significantly higher taxes.  Obama can’t do anything to cut the deficit other than go against his promise of no taxes on the middle class.

For years, liberals have pointed and the GOP and called them the “party of no”.  While Republicans have shot down many liberal programs, they have been far from full-on naysayers to public spending.  The Bush administration, with a GOP majority in Congress had no trouble spending on things that we had no right paying for.  While they made a half-hearted attempt to reform Social Security, they actually accomplished nothing other than a tax-cut.  Spending stayed the same, but income dropped – voila, it’s a deficit.

Conservatives have to now step-up and be the real party of no.  No to everything that requires government spending and finding a way to phase-out current entitlements.  If political candidates offer programs in order to get votes, change their mind or deny them the vote.  The only alternative is to accept that we need massive new taxes to cover these programs.  It’s cut spending first, then figure out where taxes need to be.  Lowering taxes while continuing to spend like drunken sailors is not the answer.

The non-partisan Congressional Budget Office Director’s Blog contains the Long-Term Budget Outlook.  The Director points out what we have all known for way too long:

“Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run … Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy.”

He goes on to basically say that we cannot afford the increasing costs of the public programs that Americans have been promised and now expect.  The changes that will be needed will either require massive new taxation or fundamental privatization or cutting of entitlements.

I will be writing fewer articles but going much more in-depth to investigate the programs being pushed in Congress and who to contact to inform them that we don’t want any new programs that require government funding.  Two major areas of interest will be addressed in future articles: new government spending that must be stopped, and current spending that needs to be phased out or ended.

The obvious programs to prevent becoming law are:

The entitlements we need to consider privatizing, phasing out or ending:

  • Medicare
  • Social Security
  • Education

No matter which things we attack and how fast, we will have to make the sacrifice that we will need to continue to pay the taxes to fund these programs through their phase-out.  Many of us have paid into them for decades and will pay into them for decades more only to get nothing.  It’s not for us.  It’s to give our children and grandchildren a debt-free country or at least certainly one that is not bankrupt.  We must decide that we do not wish to be the generation that bankrupted America.

Pelosi, Reid and Obama – Not the Real Problem

For months, I have researched the information, cited the articles, and interpreted what has been occurring in the American political arena.  While my readership has grown by leaps and bounds, I did not feel that I was affecting anyone in a real way.  I took the last 5 days away from writing to understand how I could present the information in a different or better way.  I wanted to know how I could do what I was doing better.  In truth, I can’ t.  I realized that I need to do what I was doing, but different.

Pulling punches on Pelosi, dragging Reid through the mud, pointing out liberal shortcomings (I know, too easy), and  putting a spotlight on Obama’s plan to “transform” our country is just not what matters.  It might be comforting for my readers to see how someone else is fundamentally undoing the framework upon which our nation was built, but it wasn’t effective in preventing it.  I am not hot air, drudge, or any other Conservative re-newser.  I want to correct the problem, not just remind my readers of it.

I now understand that the politicians are not our problem.  We are.  We need to be standing at the front of a room full of entitlementaholics declaring that we have a problem.  Blaming politicians has been our denial and it’s time to take step one – admitting we have a problem.

I did not start this web site to make money.  I did it to inspire thought, provide information,educate and incite change.  I wanted us to figure out what we wanted America to be, because people with much more power and money than I are doing just that.

I will be re-shaping the site so that it is much less newsy and much more educational.  News is reporting what has happened, I want to demonstrate what is happening.  I think we need to be much more aware of what is coming and we must be ready to make tremendous sacrifices to make sure it occurs the way we desire.

I could have done numerous pieces over the last few days about Obama showing his ass to the world while bending over to the Japanese Emperor.  It would have been easy to write a 200 word article on the Chinese questioning the health care costs of Obamacare.  Continuing to show how health care reform will hurt Americans by exposing the suggested limiting of mammography or telling young women that breast self-exam is worthless.  The continued purposeful weakening of the dollar has already been fully written-about on Conservative Daily News so another article discussing the willful destruction of the U.S. currency would be pointless.  These are the things that the rest of the media is doing, and it’s numbing all of us.  It’s lulling us into an area of comfort with an uncomfortable idea.

All of those things are terrible, utterly destructive, and obviously not in the interest of protecting our Constitution.  What I figured out in my mental vacation is that these things are only parts.  They are cogs in the wheel of a greater machine.  I went back a re-read many articles on CDN and took some of the research deeper.  These “parts” are not any more dangerous than any action by Carter, Roosevelt, Hoover, Bush and so on.  The difference is that all those presidents had overall agendas that were not dangerous, just certain actions.  This President is showing that his actions and those of Congress are part of a whole.  A strategic and concerted attempt to change our country.  They are not just out for bigger government, they are out for a NEW government.

To stay on point, it’s our fault.  We let it happen and, in fact, we asked them to do it.  We got confused about our priorities.  We lost our way.  We forgot how to say no.   Now we need to fix it.  We need to start at home, change our mindset and right the ship.  I am hoping that we can become willing to do whatever it takes.  The alternative is a destroyed currency, hundreds of Americans living equally – as equal as … Central America – every one of us.. except the government elite.

While each constituent, each state voted for things they thought small and harmless – a tax cut for a factory here, a federally-funded airport there… none of us were individually evil.  It is only when we view each of these small actions as a small mistake in the time line of the whole that we see that our little part is adding up to a country that is quickly becoming unsalvageable.

I will be breaking-down how bad it’s gotten and the tough choices we must all face to fix it.  It’s not about each of us, it’s about all of us and our children.  Do we want to be the generation that ruined the American dream?  Look into your childrens’ eyes and ask yourself – do I want to provide to them the opportunities I had or should I just sit back and let them deal with them mess I helped to create?  They won’t be able to deal with this mess… they will be left in squalor, debt, and the real inability to make a life for themselves.  I hope we can all decide that we have to do something.  We should change things.  We should fix this.  We can fix this.

Join me.  Keep sending me your emails, submitting ideas for articles and being part of the solution.  We can fix this, but we must be willing to give up something.  The choices will be hard, but they must be made.  Are you a true American?  That answer to that question will get harder as things continue declining.

It is easy to be a patriot when others are at fault and all that is required is to point out the anti-patriotic acts of others.  It is time to become the difficult patriot.  Are you ready?  Start by sending this article to your friends and end by being the teacher to your family, friends and co-workers.  Be the expert to their newspaper-reading simpleton.  Know more so that we must do less.

Liberals Believe that Debt Limits = U.S. Default on Debt

It is no wonder we are so deep in dept.  The mind-set of those that voted in  the current Congress is that controlling the national debt would cause our country to default on it’s debt.

From the liberal-extremist blog, DailyKOS (I have to source that rag because they didn’t bother to tell us from whom they sourced this material:

“Seven members of the Senate Budget Committee threatened during a Tuesday hearing to withhold their support for critical legislation to raise the debt ceiling if the bill calling for the creation of a bipartisan fiscal reform commission were not attached.”

The DailyKOS goes on to comment that these fiscally-minded Senators are going to collapse the economy by being budget-hawks:

“Let’s see these five Democratic Senators explain to the entire nation why they allowed the country to default on its debt.  No matter how safe their seats appear to be, no Senator is going to win reelection after making the entire country default on its debt   Their rationale does not matter.  Being blamed for making the country default on its debt-especially after all five of these Democrats voted in favor of the Wall Street bailout and are demanding that Social Security and Medicare be cut-will be the effective end of their political careers.”

Refusing the lower the debt ceiling does not automatically put our country into default.  What it does is force Congress to cut spending to match the income it has coming in or they will go into default.  I would say that these Senators are finally putting limits on spending that should have been in-place for a very long time.  I would love to see Congress forced to cut programs to match what they take in.  I have to do that.. every single day.

Obama to Hold Jobs Summit and Continue Weakening of Dollar

Ok, he didn’t literally admit to weakening our currency and setting us up for record inflation, but he might as well have.   In the President’s unusually short speech this morning, Obama again touted his fictitious one million jobs saved/created number, the government-sponsored GDP growth in the third quarter and that the new jobs figures that show another half-million Americans out of work are good news.

The President went on to basically admit two things Americans figured out long ago:

  1. He has no idea how to spur the economy and create jobs (or has no intention to)
  2. He plans to continue weakening the dollar

Obama being the politician that he is didn’t say these things as honestly as he could have.  Instead he disguised them as positive moves.

Instead of saying that he’s clueless on how to fix the economy, the President announced that he will hold a jobs summit next month.  Will that summit then be followed by several months of talking with his advisers as in the Afghanistan troop decision?  If a summit was needed, why didn’t he hold this in January or February?  Wasn’t Obama aware that unemployment was an issue back then?

Secondly, the President informed us that he intends to make the dollars we hold, less valuable.  Despite little Timmy Geithner’s remarks yesterday that a strong dollar is “very important” for our economy, it is fairly obvious that the Treasury, Federal Reserve, and Obama are all focused on pushing the dollar into a low-weight currency.  In the President’s remarks this morning, he said that we would be changing our economy from one of consumption of foreign goods to one where foreign countries buy our products.  To create this international trade  reversal would require a massive devaluation of the dollar to make our exports competitive with cheap Asian exports.  The flip side of making our products cheaper for other countries is that everything will get more expensive for us.

Most news outlets are focusing on the short-term jobs summit, but there was much more in what Obama said than just more useless talk about an ineffective gathering of worthless people to come up with a plan that will continue to do nothing.

Michael Steele’s Transformation of the GOP Failing

Michael Steele has done everything he can to show that he is attempting to pull the GOP to the middle, as if it needed any help.  Steele has joined other GOP leadership in courting left-leaning candidates, supporting big-tent policies and otherwise ignoring the Conservative activist movement.

Most-recently, Steele has stated that white people are scared of him, more succinctly that, “some white Republicans are scared” of him.  If he thinks they are scared of him because they think he is worthless, powerless, and useless… yeah, they’re terrified of him.

Steele has been caught on occasion showing his middling intentions.  In a GQ interview, Steele said, “I think that’s an individual choice” when asked about a woman’s right to abort her child.  If capturing the minority caucus comes at these costs, are Conservatives ready to sell-out their principles for a few votes?  Or is Steele trying the bait-and-switch on minorities.

Back in July Steele was trying to show how the GOP should be attractive to minorities by saying, “Come along.. I’ve got the fried chicken and potato salad”.  While most minorities would probably agree with the GOP platform, the problem is that all they see are these condescending methods to cheaply entice them into a Republican vote.

Many minorities would gladly vote for a more-transparent party.  They just see the GOP as the same ole – same ole of yesteryear.  Steele isn’t helping with his comments.

Michelle Bachmann the Leader of Real Conservatives?

CNN seems to feel that Bachmann is exactly the medicine the Conservative movement needs:

“In many ways, Michele Bachmann is the ideal political creature of the Tea Party era. Her path to power doesn’t lie in moving up the GOP leadership ladder, but in ignoring it entirely..”

With the absolutely worthless leadership that Gingrich, Steele and the rest of the GOP have shown, CNN may finally have found a story people will believe (or at least read).

Massachusetts Says Stimulus Money Created “Almost Nothing”

Government-created economic stimulus is unsustainable and does not create or save anything.  It simply delays the inevitable.   The ARRA (American Restitution and Redistribution Act) has done nothing to improve the actual economy, and The Globe finds more evidence:

One of the largest reported jobs figures comes from Bridgewater State College, which is listed as using $77,181 in stimulus money for 160 full-time work-study jobs for students. But Bridgewater State spokesman Bryan Baldwin said the college made a mistake and the actual number of new jobs was “almost nothing.’’ Bridgewater has submitted a correction, but it is not yet reflected in the report.

The globe goes on to help us understand that in some ways, the stimulus spending has simply been replacing money the government already spent.  The obvious ploy, to get those institutions to reply on the strong-armed ARRA survey that their jobs had been saved or created:

In other cases, federal money that recipients already receive annually – subsidies for affordable housing, for example – was reclassified this year as stimulus spending, and the existing jobs already supported by those programs were credited to stimulus spending. Some of these recipients said they did not even know the money they were getting was classified as stimulus funds until September, when federal officials told them they had to file reports.

It would also appear that the government paperwork is confusing (surprise – seen the IRS B.S.?).  Some recipients say that they never asked for the money and certainly not the administrative overhead – then again, administrative overhead is how the government creates most jobs:

“There were no jobs created. It was just shuffling around of the funds,’’ said Susan Kelly, director of property management for Boston Land Co., which reported retaining 26 jobs with $2.7 million in rental subsidies for its affordable housing developments in Waltham. “It’s hard to figure out if you did the paperwork right. We never asked for this.’’

It’s been widely-reported that the stimulus package has failed to do much more than give Obama another opportunity to practice his gift of gab.  Unemployment has continued to grow, the dollar is shrinking, gas prices are approaching $3.00 again (and have crossed it in some areas).   As the news reports float in, more may realize that speeches were not enough and the stimulus was a wasted of almost $800 billion.

Is Obama Pursuing a Weak Dollar Policy?

Paul Volcker - Obama's Chief Economic Advisor

Paul Volcker - Obama's Chief Economic Advisor

Within a few days of Obama entering the White House, Tim Geithner stated that a strong dollar is in the best interest of our economy.  The actions taken to date and some historical analysis of Obama’s chief economic advisor, Paul Volcker, would point at a policy of continued weakening of the U.S. currency.  If the dollar continues it’s slide just an additional 5% it will be at be at an all-time low.

Today, the Wall Street Journal published an article stating that, “Pacific Rim government leaders will tell U.S. President Barack Obama about global concerns over the falling dollar and burgeoning U.S. debt at a summit this week..”.  Their concerns are well founded and can be grouped together with those of the Chinese, European Union, Brazil and Canada.

One indicator of the Administration’s desire for an even-weaker dollar is it’s push to have China stop managing it’s currency and allow it to float.  If that happens, the only possibility is a stronger yuan, and therefor a weaker dollar.  Furthermore, on October 31st of this year, Obama said that the U.S. economy should be based even more on exports.  In order for that to occur, our currency needs to greatly weaken against those of countries we have a large trade imbalance with.. like China.

A weak dollar isn’t all bad news as long as the decline is controlled, slow, and has a desired end-point.  When the dollar weakens, international exports from America become less-expensive for others to buy.  This increases foreign demand for American products.  This only works when the American products don’t require components from other countries as those items are imports and will cost much more under a weakened U.S. currency.

One implication of a weak dollar is inflation.  As the dollar weakens, so does it’s purchasing power.  Imports become more expensive which will relieve downward-pressure on domestic products allowing those items to increase in price as well.  The dollar is also how all trades in oil are transacted.  As the dollar weakens, crude gets more expensive.  Considering that petroleum is an input into so much of our economy (fuel for trains, trucks, planes, ingredient in plastics, rubber, etc), it hits Americans both directly in the gas tank and indirectly in stores, restaurants and vacation spots.

Carter era gas lines

Carter era gas lines

The last sustained depreciation of the dollar was during 1977 and 1978.  There are some striking resemblances to that bleak period in U.S. economic history to today.  We have a liberal Administration, we have hostages in Iran (I’m fairly certain that is not linked to the weak dollar), and Paul Volcker is back.  During the late 70’s Volcker was the Federal Reserve chairman and directly orchestrated the dollar’s collapse – on purpose.  Gas, groceries, imports and just about everything else got insanely expensive as double-digit inflation hit the pocketbooks of U.S. citizens.

We’ve seen a too-weak dollar before and it wasn’t pretty.  Now we have some of the same people, trying the same thing, again.

How The Republican Health Care Plan Died

John Boehner Presents his health care plan

John Boehner Presents his health care plan

I spent my Saturday evening listening to live coverage of floor debate in the House of Representatives.  The difference in philosophies is great and obvious.  The opposition view is a request to disavow the great experiment in freedom that this country was founded upon.

The Democrats disparaged the Republican plan because it did not cover “all Americans”.  It is not obvious to them that not everyone wants health insurance.  In fact,the Democrats intend to force everyone into health insurance just so they can say everyone is insured.  Unfortunately, their plan would also force young healthy Americans to spend upwards of $5,000 a year more than they would with no plan at all.

Several of the Democrat debaters compared the GOP plan to the Katrina clean-up.  Wasn’t Katrina a prime example of how people should depend on themselves and less on big-government?

One member of the Democrat party actually came out and spent his two minutes to defend frivolous and unlimited malpractice lawsuits.  While bashing Republicans for giving gifts to the insurance companies, they are comfortable in protecting the revenues of trial lawyers.

As the debate raged on, the left presented facts around how Pelosi-care would reduce the deficit by $109 Billion, but that is not the same as saving taxpayers any money at all.  In fact, hundreds of billions of dollars will have to be pried out of the hands of employees, employers, and Americans of all varieties to make sure that the bill appears to be deficit neutral.  When Medicare and Social Security were proposed and approved, those were deficit neutral as well.  Medicare will go broke soon and Social Security will be operating on a deficit next year.

Charles Rangel tried to make the case that Republicans only presented a proposal this last Tuesday.  What about H.R.3400 presented in July that the Democrat leadership successfully tabled at that time?  Now that they are presenting their bill for debate at precisely the same time as the Democrats, somehow the Republicans are later than the DNC to the table.  Who is the “party of no” now?

A large portion of the liberal caucus did nothing more than bash the GOP, calling them the party of, “Grandstanding, opposition, and pretending”.  Nothing in the Democrat bill does anything to bring down costs and the CBO says agrees.  The CBO offers that the GOP bill would reduce premiums by up to 10%.  The same non-partisan CBO said that Pelosi-care would not necessarily decrease premiums at all.

What we have to realize is that the Democrats are not really interested in reducing premiums.  They are not interested in the cost of health care at all.  Their bill and the CBO assessment proves it.  They only want coverage for all, whether or not “all” want it.  This is about shoving a government mandate down our throats so that they can use it as an excuse to control our lives.  Anyone that has gone through the dismal process of  Medicare/Medicaid eligibility knows that the government can even control what you can or cannot leave to your heirs.  There is actually almost a billion dollars in the bill to legislate how parents should raise their children.  Are we really willing to have them take control of the rest of our lives?

More proof of the entanglement that the Democrats are willing us into came from John Boehner’s comments.  John Boehner spent his time to contradict the outright mistruths spoken by Democrats in this session by reading their own bill back to them. He establishes that employers will find the taxes cheaper than providing insurance and will therefor leave people on their own… but these people are citizens that were previously providing for themselves.  Now they will have no choice but to become taxpayer-subsidized entities.  Tack on the regulatory costs that employers and insurers will have to go through as all new plans have to be approved by a regulatory body and a health czar – a leader of a special new administration that only the Executive branch has oversight upon.

Boehner makes a fundamental point in saying that it is impossible to add all of the new Bureaucracies, employees, czars and administrations without health care costing more.  Current insurance plans and providers don’t have any of these.  How will adding all of these new costly government agencies and positions possibly make it more efficient, less-costly, and higher-quality?  Mr. Boehner quotes the Democrat plan back to them and demonstrates the unbelievable amount of power that it will give to the new Health Care Commissioner (the health czar).

John Dingle Fights Republicans on GOP health care bill

John Dingle Fights Republicans on GOP health care bill

The closing comments by John Dingle, lead sponsor of Pelosi-care relied on an article by the New York Times to counter Boehner’s quotation of Dingle’s bill.  Dingle muddled on making the sum of my greater points that his bill is about forcing everyone into insurance, not about reducing costs.  He ended his remarks saying that his bill would not put the government between a doctor and patient, but instead between the insurance company and the doctor and patient.

Several of the late opposition members that spoke said that Republicans would leave Americans, “on your own”.  What the elitist majority in Congress fail to realize is that 80%+ of us would prefer it that way.

*The Stupak amendment passed 240 to 194 with 64 dems supporting one Republican voting “Present”.  Our money will not be used to fund abortions.

*The GOP health care bill was shot down in a party-line vote:  176 for, 258 against, with one Republican against.

  • Joseph Cao (R-LA) was the single Republican that voted for H.R. 3962 (Pelosi-care)
  • Tim Johnon (R-IL) was the only Republican that voted against the Republican Health Plan
  • John Shadegg (R-AZ) voted “present” on abortion bill – taking his leadership from Senator.. oops President Obama it would seem.

Michelle Obama Has Costliest Staff in History

This showed up in my inbox as a recommended post.  It appears to have originated from Canada Free, and appears to have come from this article.

Total Personal Staff members for other first ladies paid by taxpayers:

Mamie Eisenhower : 1 paid for personally out of President’s salary

Jackie Kennedy: 1

Roseline Carter: 1

Barbara Bush: 1

Hilary Clinton: 3

Laura Bush: 1

Michele Obama: 22

How things have changed! If you’re one of the tens of millions of Americans facing certain destitution, earning less than subsistence wages stocking the shelves at Wal-Mart or serving up McDonald cheeseburgers, prepare to scream and then come to realize that the benefit package for these servants of Ms Michelle are the same as members of the national security and defense departments and the bill for these assorted lackeys is paid by YOU, John Q. Public: Michele Obama’s personal staff:
1.. $172,200 – Sher, Susan (Chief Of Staff)
2. $140,000 – Frye, Jocelyn C. (Deputy Assistant to the President and Director of Policy And Projects For The First Lady)
3. $113,000 – Rogers, Desiree G. (Special Assistant to the President and White House Social Secretary for Mrs. Obama)
4. $102,000 – Johnston, Camille Y. (Special Assistant to the President and Director of Communications for the First Lady)
5. $100,000 – Winter, Melissa E.. (Special Assistant to the President and Deputy Chief Of Staff to the First Lady)
6. $90,000 –   Medina , David S. (Deputy Chief Of Staff to the First Lady)
7. $84,000 –   Lel yveld, Catherine M. (Director and Press Secretary to the First Lady)
8. $75,000 –   Starkey, Frances M. (Director of Scheduling and Advance for the First Lady)
9. $70,000 –   Sanders, Trooper (Deputy Director of Policy and Projects for the First Lady)
10. $65,000 – Burnough, Erinn J. (Deputy Director and Deputy Social Secretary)
11. $64,000 – Reinstein, Joseph B. (Deputy Director and Deputy Social Secretary)
12. $62,000 – Goodman,  Jennifer R. (Deputy Director of Scheduling and Events Coordinator For The First Lady)
13. $60,000 – Fitts, Alan O. (Deputy Director of Advance and Trip Director for the First Lady)
14. $57,500 – Lewis, Dana M. (Special Assistant and Personal Aide to the First Lady)
15. $52,500 – Mustaphi, Semonti M. (Associate Director and Deputy Press Secretary To The First Lady)
16. $50,000 – Jarvis, Kristen E. (Special Assistant for Scheduling and Traveling Aide To The First Lady)
17. $45,000 – Lechtenberg, Tyler A. (Associate Director of Correspondence For The First Lady)
18. $43,000 – Tubman, Samanth a (Deputy Associate Director, Social Office)
19. $40,000 – Boswell, Joseph J. (Executive Assistant to the Chief Of Staff to the First Lady)
20. $36,000 – Armbruster, Sally M. (Staff Assistant to the Social Secretary)
21. $35,000 – Bookey, Natalie (Staff Assistant)
22. $35,000 – Jackson, Deilia A. (Deputy Associate Director of  Correspondence for the First Lady)
(total = $1,591,200 in annual salaries)

There has NEVER been anyone in the White House at any time who has created such an army of staffers whose sole duties are the facilitation of the First Lady’s social life.  One wonders why she needs so much help, at taxpayer expense.

Note: This does not include makeup artist Ingrid Grimes-Miles, 49, and “First Hairstylist” Johnny Wright, 31, both of whom traveled aboard Air Force One to Europe .

What may be even more indicative of the first family’s arrogance is the fact that not only do they require all this pampering, but in having it paid for by the public when they are making millions off of books and such…

Barney Frank Present When Partner Arrested for Pot published an article discussing the Democratic Congressman’s knowledge of his partner’s drug possession.  The controversy is really around Frank’s motivation for sponsoring the legalization of the drug that his partner was arrested for growing and possessing.  Then again, why did the charges all seem to disappear?

“Rep. Barney Frank admitted Friday that he was sitting on the porch of his partner’s Maine home when police came to arrest his partner for marijuana possession.” [Full Story]

Economy Nearing Carter-Era Catastrophe – Volcker Present Again

Jobless RecoveryInterpreting the latest unemployment report could make one’s head spin, but there is valuable information in it other than the tragic 10.2% unemployment rate and the fact that the economy has shed an additional 190,000 jobs in the last month.  Yahoo news points at a separate survey that shows 558,000 more people were unemployed in October than September.  This discrepancy is due to the fact that once someone gives up looking for a job or runs out of benefits, they are not longer technically “unemployed”.

Paul Volcker, the President’s chief economic adviser, and others are pointing to the idea that perhaps this is a jobless recovery.  To be a jobless recovery – first, one would expect a recovery.  If the economy were recovering, credit wouldn’t be shrinking, banks would be mending, and consumers would be spending.  In direct contradiction to a jobless recovery:

5 banks failed this week, 121 for this year alone:

United Commercial Bank, San Francisco, CA
Gateway Bank of St. Louis, St. Louis, MO
Prosperan Bank, Oakdale, MN
Home Federal Savings Bank, Detroit, MI
United Security Bank, Sparta, GA

Consumer spending dropped by the largest amount in nine months:
Consumer Spending Falls In September, Biggest Drop In Nine Months

Consumer confidence drops in October:
Consumer Confidence Survey

Real incomes flat and spending drops relative to inflation:

Income Flat, Spending Falls as Consumers Stay Wary

The sources vary, but are consistent.  We are not experiencing a jobless recovery, we are heading into a jobless stagnation.  This is exactly where we were during the Carter years, we are following the same actions under some of the same people, and are expecting a different result.

Many credit Volcker’s fed for ending inflation during the Reagan era by invoking a recession to reign-in out-of-control inflation.  The problem being, we don’t have any inflation.  With real-incomes dropping, consumption dissipating and credit drying-up, there is not way for producers to raise prices and expect anyone to buy much of anything.  So is the recent push of massive government spending an attempt to re-ignite inflation so that Bernanke and Volcker can work together to end it and save us all?

Carter era gas lines

Carter era gas lines

During the early 80’s, Volcker created a recession on purpose by tightening monetary policy.  His Keynesian theory then was that it was more important to reign-in inflation than save jobs.  This measure was actually needed only because of  failed Keynesian thought that continuing inflation was good for the economy.  Using monetarist policies, he corrected what Keynesian thought had brought about.

The problem now is that we don’t have job growth and we don’t have inflation.  The massive amounts of cash being poured into the economy by the Fed are not inducing price increases, it’s just watering down the money supply.  Money is being dumped into the stock market at alarming rates, mainly because there’s nowhere else for it to go.  Buying bonds is self-defeating considering the Treasury rates, investing in business at this time is suicidal.. Bernanke is using failed tactics probably at the behest of Obama’s chief adviser on the economy.  Monetary deflation with no corresponding economic inflation.

This looks like an orchestrated attempt to cause inflation so that we can do the same things that we did before.  Dump trillions into the economy and eventually producers will raise prices… well..  what if they don’t?   What if we just end up with a dept to income ratios (debt-to-GDP) rate of 70%+ (we’re at 66% by the way)?  We could easily end up spending everything that comes into this country to just service debt.  The Japanese have lost a decade of growth to thinking like this.

It’s time to cut spending, quit dumping money into the economy, let the pain correct the bubble that exists and move forward.  The Fed created the near hyper-inflationary mess that cost Carter his Presidency, made a mess during Bush’s stay, and is trying to put us in a place where they have any clue of what to do.  I am fairly certain that they don’t know how to get us to that place or a healthy economy.

While Obama is busy blaming bush, he has kept on the one person probably the most-responsible for the mess we have – Bernanke.  The President has also brought Carter’s Volcker back into the mix and Barack is egging them both on.  One can hope this is more due to nativity than purpose.

Pelosi-Care And Planned Parenthood Create Government Abortion Machine

It is well-reported that the House Democrat plan, H.R.3962 – Pelosi-Care, has provisions that allow federal funds to be allowed to be used to pay for abortions. In section 213 of the bill, it actually explains how all government-collected premiums will be used to kill the unborn.

A more serious situation is becoming evident. This week, Abby Johnson quit her job as a Planned Parenthood director because her bosses had pressured her to, “increase profits by performing more and more abortions..”. Obviously the liberal-supported organization stands to benefit greatly if Congress finds a publicly-funded way to get money to Planned Parenthood.

While abortions are currently legal  in the United States, having public money directly pay for them to occur will certainly outrage pro-life Democrats and certainly will endanger the positions of newly-elected Democrats in Conservative states.

Planned Parenthood

This joint-effort of Planned Parenthood to push it’s staff to coerce more and more young mothers into abortions and Congress to make sure there is a lot more money available to pay for them is illustrative of the morally-bankrupt attitude in Congress.   Anyone that pays health care premiums will now be funding abortions.

NEA Endorses Saul Alinskey

WorldNetDaily posted that the NEA has put Alinskey in the forefront for aspiring educators.   Considering the NEA is a labor union.. I suppose this is par for the course.  This could certainly drive more Conservative parents to consider the non-union Charter schools to avoid overarching socialist messages in school.

The National Education Association has made a glowing assessment of radical socialist community organizer Saul Alinsky and is enthusiastically recommending American public school teachers read two of his books, including one dedicated to Satan.

On its website, the NEA dubs Alinsky “an inspiration to anyone contemplating action in their community! And to every organizer!”

It recommends Alinsky’s “Reveille for Radicals,” a 1946 book about the principles and tactics of “community organizing,” and “Rules for Radicals,” a 1971 text that articulated a socialist strategy for gaining political power to redistribute wealth from the “haves” to the “have-nots.”

The NEA, the largest labor union in the United States, represents public school teachers, college and university faculty, retired education employees and college students preparing to become teachers.

The association describes Alinsky as a “master political agitator, tactical planner and social organizer” who wrote a “guidebook for those who are out to change things.”

« Older Entries