Monthly Archives: July 2011

Harry Reid Wouldn’t Know Compromise If It Bit Him On The Nose

Things just are not the same when the shoe is on the other foot!

The Democrats are all up in arms with the Republican, specifically the Tea Party Republicans, for not “compromising” on the debt ceiling.

Sen. Harry Reid- (D) Nevada

Senator Harry Reid said:

 “Obviously what is being done in the House is not a compromise. It is being jammed through with all kinds of non-transparent dealings, people shuffling in and out of the Republican leadership’s offices. We’re recognizing that the only compromise that there is is mine.”

Before we go any further, someone needs to inform the Senator from Nevada that his definition of “compromise” is not correct.

 Dictionary.com defines “compromise” as:

a settlement of differences by mutual concessions;
an agreement reached by adjustment of conflicting or opposing claims, principles, etc., by reciprocal modification of demands.

Senator Reid, compromise DOES NOT mean you get things YOUR way!

Secondly, Senator Reid speaks of this being “jammed through with all kinds of non-transparent dealings”. It is quite amusing how the Democrats are so indignant that they are not getting “their way” with the debt ceiling. Wow! They sure have a lot of room to talk, don’t they? If we think back to just a little over a year ago, wasn’t it Nancy Pelosi who said:

“We have to pass the bill so that you can, uh, find out what is in it…. away from the fog of the controversy.”

In the event the Democrats have forgotten this, here is a clip to remind them. She made that statement on March 9, 2010, a mere 16 months ago.

The Democrats “jammed through” Obamacare with “all kinds of non-transparent dealings”. Now the shoe is on the other foot, and they do not like the way it feels.

What goes around comes around, Senator Reid!

A Dishonest Look at the Debt [White House Graphic]

On Tuesday, the White House posted a misleading graphic that took “blame Bush” to a whole new level. Besides using a time gimmick to make a false comparison, the chart (click for a larger view) has what must be intentional mis-truths spread throughout.

White House Debt Graphic

The bar graph uses a dishonest mechanism to make it appear as if Obama is not spending at a faster pace than G.W. Bush.

The White House shows eight years of Bush spending and makes a flawed comparison to just two years of Obama’s expenditures. To be an accurate side-by-side evaluation of the spending habits of the two presidents, annual spending amounts would need to be used.

What’s also important to note is the dishonest handling of war funding. The cost of the war in  Afghanistan is completely attributed to Bush even though Obama made the decision to go back into  Afghanistan when he called it the “right war” and pushed for the troop surge. Libya is completely missing from his spending estimates.

Where is the increase to 2 years of unemployment benefits? Obamacare? Increased hiring at the IRS? Those seem to be buried in the grey area somewhere.

This graphical mis-truth has another major flaw. While showing 8 years of “domestic and defense spending” for President Bush, the White House propaganda bar shows no spending whatsoever for the Obama administration.

Lastly, the farm bill was passed in 2008 by a Democrat congress over George Bush’s VETO. That spending should fall on Pelosi and Reid, not Bush. The farm bill was $300 billion so almost that entire part of the chart does not belong to Bush.

The only thing honest in this entire chart is that the federal government owes the Social Security trust trillions of dollars. If seniors want to know what happened to their checks, look at the diagonally shaded area at the bottom of the chart.

HR 2693 – Reid’s Debt Bill in the House [Full Text]

On Thursday, it appears as though the House version of Senate Majority Leader Harry Reid’s debt bill has surfaced. HR 2693 “The Budget Control Act of 2011″. This bill isn’t compromise, it’s pure can-kicking.

 Summary

The Reid bill looks like mainly fluff – no real cuts and nothing of substance. It basically defers everything to another debt committee (e.g. Simpson-Bowles committee) and section 401 which raises the debt ceiling to almost $17 trillion dollars.

  • Non budgetary matters in the bill
    • Sell additional frequency bands (wireless spectrum auction)
    • Changes use of D-Block of electromagnetic spectrum for emergency uses
    • Changes the definition of “payment acres” for farm programs
  • Budget-related items
    • Creates another budget committee
    • Expedites the consideration of any recommendations of the committee
    • Sets aside spending for the committee
    • Changes to  student loans and pell grants (up)
      • Having trouble locating full text of current U.S.C. 1070(a), but it appears as though this increases 2011 appropriation for Pell Grants by ~$10 billion (300%+ increase) and increases another unknown sub-clause by $7.5 billion – will keep working on this.
    • Raises debt ceiling to $16.99 Trillion (from $14.3 trillion)

Full Text of the Bill

Okay! May As Well Bring On Another Clown

“I stand before you today as a disciplined, conservative Texan, a committed Republican and a proud American, united with you in the desire to restore our nation and revive the American dream,”

Holy Cow Rick! No kiddin’? A disciplined, conservativeTexan! I think not. Be still my hyperventilating cardiac event!!!

Rick Perry???!!!…,…the same Rick Perry who endorsed and supported America’s Mayor Rudy Guiliani, a sometimes Republican, sometimes Democrat, in 2008?

On immigration, a critical isue founded upon our sovereign right as a nation to establish and protect OUR OWN BORDERS.., he’s a RINO populist  (That would define him as a politician, NOT a statesman).

He…

recently revived a bill that would crackdown on so-called “sanctuary” cities — localities where the government prohibits police officers from asking about the immigration status of legally detained residents.

Perry, it seems, knows which way the wind is blowing: His immigration stance is a 180-degree turn from his criticisms of Arizona’s draconian immigration law SB-1070 last year. At the time, he questioned the law, saying, “Some aspects of the law turn law enforcement officers into immigration officials by requiring them to determine immigration status during any lawful contact with a suspected alien, taking them away from their existing law enforcement duties, which are critical to keeping citizens safe.”

Considering that Perry also signed the Texas DREAM Act into law in 2001 — a precursor to the national bill that’s been struggling for congressional support — his movement to the right is quite the contrast. In a statement to the conservative Washington Times, Perry now says, “We need to, as a country, address border security before we tackle any immigration issues.”

Source: http://colorlines.com/archives/2011/07/rick_perry_positions_himself_for_gop_field_by_flip_flopping_on_immigration.html

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On education for ILLEGAL aliens, in May of 2001, the then Governor Perry signed House Bill 1403, lovingly embraced by the left then as the Texas DREAM Act. This legislation allowed illegal aliens who graduate from a Texas public high school to attend a Texas college at the in state tuition rate.

Source: SECTION 1. Section 54.051(m); SECTION 2. Section 54.052 (amended by adding Subsection (j); SECTION 3. Subchapter B, Chapter 54 (by amending Section 54.0551); SECTION 4. Section 54.057(a); SECTION 5. Section 54.060(b),; SECTION 6. Sections 1 through 5 and Section 7 of the Texas Education Code

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On an education roll he starts off his remarks, long-winded that they were, to the Southwest Voter Registration Education Project (that would be cutresy-speak for the Latino Voter Registration Education Project) as the clown confirms by his titular description of Cisneros, the ex-Clintonista Wandering Penis Poster-boy, on Friday, June 22, 2001 as follows:

Thank you Antonio. Mayor Garza, Latino Vote 2001 Chairman Henry Cisneros, fellow elected officials, friends in San Antonio. It is my great honor to be with you this evening. Before I begin, let me introduce someone very special to me. She spent 17 years as a nurse providing health care to those in need. Just a few weeks ago, the University of Texas San Antonio Health Science Center named her a Distinguished Alumni and created a nursing school endowment in her name. She’s the mother of two great children, and the first girl I ever had a date with. Please welcome my wife and a great First Lady for the State of Texas, Anita Perry.

My fellow citizens, the face of Texas is changing, and tonight, as I look out into this audience, I see many of the faces that represent that change. The Texas of tomorrow is in this room today, a Texas of boundless energy and fresh ideas, a Texas committed to safe communities and good schools, a Texas that is more and more diverse with each passing day. For Texas to prosper beyond our own time on this earth, there are things we must embrace now. We must embrace our growing diversity as a source of strength and cultural enrichment, not a source of division. We must welcome more Texans of differing backgrounds to the table of ideas, and to positions of leadership. And we must stand united behind an agenda of opportunity for every citizen regardless of their financial means, or the sound of their last name. We do have differences, but there is more that unites us as Texans than could ever divide us. Who among us does not yearn to be successful and to live the American Dream? Who among us is not worthy of a good education, and a future as bold and vivid as our capacity to dream? Who among us does not long for a Texas where our children can thrive, and accomplish things greater than ourselves? Yes, we may be Hispanic, African‑American, Native American, Asian and Anglo, but we are all Texans, and we are united in our common humanity.

Note: It went on similarly, ad nauseum, as he stroked the audience with the keywords of RINO dumming-down and borrowed demonRATIc “target group” strategy. He did fail to note the difference between illegals and legals being embraced in the name of growing diversity. A finger-in-the-wind POPULIST ALL THE WAY.

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On Little Georgie-boy Bush’s SHAMNESTY…Governor Perry issued this press release (of which I’ll only bore you with an opening excerpt only, on Wednesday, January 07, 2004 :

“During my visit with President Fox last November, I reaffirmed my support for a guest worker program that balances our two countries’ economic realities along with the need for homeland security. President Bush’s proposal reflects those goals.“As a former governor of this state, President Bush understands well the huge impact that immigration has on Texas, ..

Source: http://governor.state.tx.us/news/press-release/4310/

Note: Again no mention of any distinction between leagl and illegal is ever made as te wind blew on.

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In December of 2006, Governor Perry…sensing a shifting in the winds in Texas attitude building against illegals  he released a press statement noting his views on securing the border. He states that he opposes amnesty for illegal aliens as it rewards illegal behavior, but that he opposes enforcement of US laws through deportation OR EVEN punishment for those who violate the laws as that would harm the US economy. Do you see what he did? He split the issue into what could be operceived as two EXTREMES and why? So he can jump right in the midddle and bullsh*t you that his position is a true compromise, which it is not. !The CLASSIC finger-in-the-wind politician at work, the root cause for much of our problems now comes to the fore and he proposes a guest worker program to allow those here illegally to continue that work on a legal basis but without citizenship. Of coiurse, because he knows that conveying them citizenship can be done by SEPARATE LEGISLATION. It’s the old fast-shuffle to confuse you…THE VOTER.

Then in August of 2007 in blistering heat our hero ventures forth to hump for legalizing illegals, SHAMNESTY REVISITED! ON the OTHER SIDE of the Texas border. How about them apples?

MEXICO CITY — Leading a large delegation of Texas executives trying to drum up business in Mexico, Gov. Rick Perry on Tuesday criticized the U.S. Congress for failing to pass an immigration bill that would legalize millions of workers.

“I don’t think this is that difficult an issue if Congress would have the maturity to sit down and really discuss it and cut out all the mean rhetoric,” Perry said during a break in the third day of meetings with Mexican officials and business executives.

“We need those individuals to continue to grow our economy,” he said of Texas’ undocumented workers, most of whom hail from Mexico. “The vast, vast majority of those individuals want to come and work and take care of their families.”

Perry made the remarks in Mexico City, where immigration is nearly as big a hot-button issue as it is in Washington. He spoke at a press conference shortly before meeting with President Felipe Calderon who, like past Mexican presidents, has lobbied for changes in U.S. immigration law that would include a guest-worker program.

Perry’s statements seemed to put him at odds with many in the Republican Party’s base who regarded the immigration overhaul bill that collapsed in the Senate in June as nothing more than an amnesty for illegal immigrants.

Source: http://www.chron.com/disp/story.mpl/front/5090944.html

I could go on with many other positions, but at this critical time Rick Perry is NOT the conservative we need to wrest leadership of the Republican Party from those like him who would piece-by-piece sell us all down the river. I still back Bachmann.

President Obama’s Speech on Debt Ceiling [Full Text and Video]

Listen live to Obama’s July 29th, 2011 remarks on the current debt ceiling debate. We will post a recorded version soon after the speech concludes along with a written full-text transcript of his remarks.

Video 

Full Transcript

Good morning, everybody. I want to speak about the ongoing and increasingly urgent efforts to avoid default and reduce our deficit.

Right now, the House of Representatives is still trying to pass a bill that a majority of Republicans and Democrats in the Senate have already said they won’t vote for. It’s a plan that would force us to re-live this crisis in just a few short months, holding our economy captive to Washington politics once again. In other words, it does not solve the problem, and it has no chance of becoming law.

What’s clear now is that any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people — not just one faction. It will have to have the support of both the House and the Senate. And there are multiple ways to resolve this problem. Senator Reid, a Democrat, has introduced a plan in the Senate that contains cuts agreed upon by both parties. Senator McConnell, a Republican, offered a solution that could get us through this. There are plenty of modifications we can make to either of these plans in order to get them passed through both the House and the Senate and would allow me to sign them into law. And today I urge Democrats and Republicans in the Senate to find common ground on a plan that can get support — that can get support from both parties in the House — a plan that I can sign by Tuesday.

Now, keep in mind, this is not a situation where the two parties are miles apart. We’re in rough agreement about how much spending can be cut responsibly as a first step toward reducing our deficit. We agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform — and I’m ready and willing to have that debate. And if we need to put in place some kind of enforcement mechanism to hold us all accountable for making these reforms, I’ll support that too if it’s done in a smart and balanced way.

So there are plenty of ways out of this mess. But we are almost out of time. We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time, as we always have — bills that include monthly Social Security checks, veterans’ benefits and the government contracts we’ve signed with thousands of businesses. Keep in mind, if we don’t do that, if we don’t come to an agreement, we could lose our country’s AAA credit rating, not because we didn’t have the capacity to pay our bills — we do — but because we didn’t have a AAA political system to match our AAA credit rating.

And make no mistake — for those who say they oppose tax increases on anyone, a lower credit rating would result potentially in a tax increase on everyone in the form of higher interest rates on their mortgages, their car loans, their credit cards. And that’s inexcusable.

There are a lot of crises in the world that we can’t always predict or avoid — hurricanes, earthquakes, tornadoes, terrorist attacks. This isn’t one of those crises. The power to solve this is in our hands. And on a day when we’ve been reminded how fragile the economy already is, this is one burden we can lift ourselves. We can end it with a simple vote — a vote that Democrats and Republicans have been taking for decades, a vote that the leaders in Congress have taken for decades.

It’s not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills that Congress has already racked up. I want to emphasize that. The debt ceiling does not determine how much more money we can spend, it simply authorizes us to pay the bills we already have racked up. It gives the United States of America the ability to keep its word.

Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming. So please, to all the American people, keep it up. If you want to see a bipartisan compromise — a bill that can pass both houses of Congress and that I can sign — let your members of Congress know. Make a phone call. Send an email. Tweet. Keep the pressure on Washington, and we can get past this.

And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. I’m confident that we will solve this problem. For all the intrigue and all the drama that’s taking place on Capitol Hill right now, I’m confident that common sense and cooler heads will prevail.

But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect.

Thank you.

Channeling Reagan

Ronald ReaganThe Republicans in the House have a real opportunity to channel one of the greatest Conservative leaders of all time. But they won’t.

While privately wishing for a GOP presidential candidate to materialize out of thin air that would be another Reagan, the established, moderate, old-guard GOP is failing to grab hold of the opportunity to channel him.

The country yearns for another Reagan and it needs one badly. Many Conservatives identify themselves as “Reagan Conservatives”, but the right can’t seem to accept the Gipper as not just a man, but an idea.

Reagan was a small government Conservative and now, just like then, the establishment GOP does not seem to appreciate those kind of Republicans. Party leaders are doing everything possible to distance themselves from the Conservative caucus – exactly what Harry Reid and the progressives need in order to move their progressive agenda ahead.

The media is trying hard to paint all Conservatives as near-psychotic, right-wing extremists, why would the Republicans in the House follow along? The Tea Party is not a social Conservative idea. It is a fiscally-Conservative group focusing on controlling spending and reducing the size of government. Why is that an extremist idea? Why can’t Republicans lock arms with Conservatives and take on that cause?

The unfortunate answer is that the GOP leadership is so invested in making sure that the blame for the sour debt negotiations isn’t on them that they aren’t able to stand on principle. While asking Conservatives to get their “asses in line” and vote with the Speaker, the GOP is trying to win favor with Democrats at the cost of Conservatives. The Republican leadership seems to think that if they don’t create a really crappy budget arrangement with Democrats that they will get slaughtered in the 2012 elections. Reagan saw it differently.

President Ronald Reagan did not toe the line. He wasn’t even well-liked among the establishment GOPers. But, his message of small government and American exceptionalism reverberated with an American electorate that had endured a terrible economy under an awful Democrat president. That is the message of the Tea Party Conservatives.

We have a terrible President. The first quarter GDP numbers for 2011 were revised down to .4% .. less than half of one percent growth. Groceries and gas are getting expensive and government has doubled in size in the last decade. We need another small government, Conservative leader. That leadership need not come from a person – it could be a group. The Republicans could have their next Reagan, without another Reagan.

If the Republican party could embrace the Conservative caucus instead of running away from it, they would begin to sound and act more like Ronald Reagan – albeit without the sharp comedic wit.

 

BEA Releases Revised 1st Quarter and Initial 2nd Quarter GDP

Bureau of Economic Analysis// 
Real gross domestic product — the output of goods and services produced by labor and property
located in the United States — increased at an annual rate of 1.3 percent in the second quarter of 2011,
(that is, from the first quarter to the second quarter), according to the “advance” estimate released by the
Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

The Bureau emphasized that the second-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
3). The “second” estimate for the second quarter, based on more complete data, will be released on
August 26, 2011.

The estimates released today reflect the annual revision of the national income and product
accounts (NIPAs). In addition to the regular revision of estimates for the most recent 3 years and the
first quarter of 2011, current-dollar GDP and some components are revised back to the first quarter of
2003. In cases for which the estimates for the reference year (2005) are revised, this results in revisions
to the levels of the related index numbers and chained-dollar estimates for the entire historical period;
revisions to percent changes before the first quarter of 2003 are small. Annual revisions, which are
usually released in July, incorporate source data that are more complete, more detailed, and otherwise
more reliable than those previously available. This release includes the revised quarterly estimates of
GDP, corporate profits, and personal income and provides an overview of the results of the revision.

The August 2011 Survey of Current Business will contain NIPA tables and an article describing
the revisions. The complete set of revised estimates will be available on BEA’s Web site at
www.bea.gov.

Budget Ceiling Crisis Update: Debt Limit Compromise Passes the House

As the commentary and reports roll out of Washington D.C., it is apparent that we are not as near to a solution as first thought. This post will be constantly updated with the newest activities on the debt ceiling.

8-1-11

7:09pm The debt ceiling compromise passes the house by a wide margin 269-161. The bill will be voted on in the Senate tomorrow.

7-31-11

9:30pm Obama announces that a deal has been reached and House Speaker Boehner releases framework for agreed to debt deal

12:25pm Senate minority leader Mitch McConnell says that GOP senators will meet at 1:45p today on the debt deal. No word on a time change for today’s expected Senate vote.

1:30pm Senate votes to end debate (cloture) on Sen. Reid’s debt bill (S. 627). The vote failed and debate continues. This will allow the continuation of debate and will delay a final vote (vote for passage) of the bill. Sen. Reid voted no. A successful cloture vote is the first step to moving towards a yay or nay vote on the bill itself.

4:55pm As Democrat Senate leaders left Nancy Pelosi’s office, Senate Majority Leader Harry Reid said they “hope to” have a deal and vote tonight. The progressive caucus is upset that there are no tax hikes in the deal, Republicans are not happy with the defense cuts in the deal. The deal seems set to garner votes only from the middle of both Party’s coalition. It may be all over but the nose counting.

6:10pm Harry Reid has signed off on a compromise bill pending approval of the caucus. Considering the actions being sought by the Congressional Black Congress and Progressive caucus, he may have trouble getting enough noses to vote for what he’s agreed to.

7-30-11

8:00am House version of Reid’s debt bill to be voted on at 1pm. Senate version at 1am Sunday.

10:15am Reports surfacing that Reid is changing his plan to use the January baseline and current law as basis. That means that he gets to count cuts that in earlier this year as part of his bill for CBO scoring. These approaches also allow the CBO to assume that AMT will affect more of the middle class and that the Bush tax cuts will expire. This could increase tax liabilities on the middle class by up to $3.8 trillion.

3:07 Harry Reid’s debt bill fails in the house by a 70 vote margin (176-246). Despite Democrats complaining that the bill was being considered under suspension rules which require a 2/3rds majority to win. If the bill had been considered under a simple majority threshold, it still would have failed as 214 votes are needed to hit that mark. 10 Democrats crossed the aisle in expressing no votes against Reid’s proposed debt solution. One republican crossed over in support of Reid’s bill.

5:05 Reid emerges from Democrat-only session at the White House with Obama and Former House Speaker Nancy Pelosi. Says they are no closer to a deal. With who? Aren’t those three at least on the same page?

10:08pm Reid announces that the vote on the Senate plan is postponed until 1pm on Sunday, July 31st.

7-29-11

9:20am White House announces that Obama will speak on the debt ceiling crisis at 10:20am. Live Feed  here:  http://conservativedailynews.com/2011/07/president-obamas-speech-on-debt-ceiling-live-feed/

9:30am Market open sharply lower – GDP numbers and debt ceiling at the forefront. Dow down: 91, S&P down 12, NASDAQ down 31, Gold up 18

9:45am Rep. Trey Gowdy: “I think we made progress last night. What we’ll do today, and I predict it will be done today, is for the third time send a plan that raises the debt ceiling in a responsible way.'”

9:50am Senate Majority Leader Harry Reid says “Senate can no longer wait for the House to act on debt ceiling”.

10:30 White House feed of Obama’s debt ceiling remarks still hasn’t started.

10:51 Obama’s remarks concluded, recorded video and transcript to be available later here: http://conservativedailynews.com/2011/07/president-obamas-speech-on-debt-ceiling-live-feed/

11:45 House leadership adding balanced budget amendment to Boehner bill – should garner enough support for House passage. Vote expected today.

12:27pm House version of Harry Reid’s “compromise” is entered: HR 2693 – Reid’s Debt Bill in the House [Full Text] 

2:30pm House vote on revised Boehner bill scheduled for 6pm

6:25pm Boehner’s compromise bill passed with an 8 vote margin – 218-210. There were five democrats not voting. Not a single democrat crossed the isle to show any semblance of bi-partisanship. From the right side of the House, 22 republicans voted against it and 218 for. Now the bill will be hastily taken over to the Senate where Senate Majority Leader Harry Reid has promised to table it. The next move is on the Senate.  GOP no votes were: Amash, Bachmann, Broun(GA), Chaffetz, Cravaack, DesJarlais, Duncan (SC), Gowdy, Graves (GA), Huelskamp, Johnson (IL), Jordan, King (IA), Latham, Mack, Mulvaney, McClintock, Mulvaney, Paul, Southerland, Walsh (IL), Wilson (SC).

6:30pm The bill is sent to the Senate where Leader Harry Reid has promised to immediately table it.

8:30pm Harry Reid refuses to have a 60-vote threshold vote on his debt ceiling bill – therefor creating an additional 24 hour delay. Reid Shows Signs That He Does Not Have 60 Votes for His Bill [Video] 

 

 

7-28-11

7:30pm No vote in the House on the Boehner bill until at least 8pm. It is becoming obvious that Speaker Boehner does not have the votes to pass his bill.

8:00pm House adjourned, no further details

9:00pm Reports coming out of Capital Hill say that Boehner’s bill is going back to the the House Rules Committee and indicates that a vote may not occur tonight.

9:10pm Eric Cantor confirms that the vote is definitely on for tonight.

9:20pm Confirmation that the bill is being “tweaked” to get more votes. Rep. Rand Paul says, “They can tweak it all the way into Cut, Cap and Balance and they can have all the votes they need.” The real question is which votes is the tweaking being done for?

10:28 House Majority Whip: No vote tonight on the debt ceiling.

10:40 Senate confirms no vote for them either tonight

Proposed Natural Gas Act: Dead on Arrival in Washington

NEW YORK, July 27, 2011 — Senior energy executive Karl W. Miller is a major supporter in establishing a comprehensive energy plan for the U.S.

However, Mr. Miller has advised numerous times, government handouts do not work, never have and never will. The capital markets must make investment decisions based upon supply, demand, price points and other factors. Natural gas is no different; producers can’t “jam natural gas” down the consumer’s throat by forced consumption, media blitzes, and government taxes (subsidies on natural gas vehicles, etc.).

The following statement has been issued by Mr. Miller:

What Is the Natural Gas Act?

The essential elements of the failed “Pickens Plan” were incorporated into the New Alternative Transportation to Give Americans Solutions Act, or the NAT GAS Act, which was introduced by groups of senators and representatives in the previous two Congresses. The legislation would jump-start the use of natural-gas-powered heavy-duty trucks by giving tax incentives and subsidies to purchasers and manufacturers of natural-gas-powered vehicles.

A bill promoting natural gas vehicles was first introduced in 2008 by archconservative Sen. James Inhofe (R-OK). The first NAT GAS Act was soon introduced by a bipartisan coalition including Senate Majority Leader Harry Reid (D-NV) and conservative champion Tom Coburn (R-OK).

Chief among those who are pushing conservatives in Congress to drop their support for the NAT GAS Act are the Koch brothers. Charles Koch has been loudly vocalizing his opposition to the “misguided suggestion that the natural-gas industry should receive enormous new subsidies.”

Rep. Mike Pompeo (R-KS) has been leading the conservative attacks against the NAT GAS Act. Rep. Pompeo maintains that he is opposed to “using taxpayer dollars to support targeted interests within the energy sector.”

The new efforts to oppose the NAT GAS Act are paying off, convincing co-sponsors to take the unusual step of publicly withdrawing their support for a bill that they previously cosponsored. Reps. Tim Griffin (R-AR) and Glenn Thompson (R-PA) withdrew their names as sponsors on May 26, joining Reps. Todd Akin (R-MO) and Steve Pearce (R-NM), who dropped their backing earlier in the month. Rep. Thompson had also been a co-sponsor of the 2009 version of the bill.

To see organizations who oppose investments in natural gas vehicles and their statements against “subsidies” for natural gas, go to: http://seekingalpha.com/instablog/522236-karl-w-miller/198849-proposed-natural-gas-act-dead-on-arrival-in-washington

Source: NEAH

Hold the Line!

Hold the line

Reuters -- Washington, D.C. -- 7-27-11

Tea Party faithfuls are reminding Speaker Boehner that his seat as speaker is dependent upon him living up to their expectations. Expectations that the runaway spending in Washington will end under his leadership.

Wearing t-shirts adorned with “Hold the Line” a large contingent of small-government activists held court at capitol hill on Wednesday. Their show of  solidarity wasn’t about dealing with a foreign enemy, but a domestic one – ourselves. Conservative Americans are asking the right side of the isle to stand firm against Harry Reid’s progressive, extremist caucus on the issue of the national debt.

As children we were showered with the notion that if nothing was done about federal spending that grandchildren would be left with a bill they could not pay. Well, it’s not grandchildren anymore, the United States of America is broke thanks almost entirely to overspending on Democratic entitlement programs.

Rand Paul at D.C. Hold the Line event.

While Democrats and establishment GOP paint the “hold the line” mantra as near psychotic ramblings from an extremist cult – the Tea Parties have it right and Republicans should pay attention – it’s the Constitution, stupid.

Republicans have been forced to water-down budget solutions time-after-time while the Senate Democrats produce nothing. The way this should work is that the House passes their version of a bill, if the Senate doesn’t agree with the bill they offer their version and finally the two sides meet in conference committee to hash out a compromise. Harry Reid has no intention of compromising.

Republicans passed Cut,cap and balance – the Senate Democrats offered no alternative. In fact, they just tabled the bill instead of debating and voting on it as Reid had promised.

Republicans passed the Ryan plan – the Senate Democrats offered no alternative and killed that legislation too.

The kind of brinkmanship being offered by Democrats in the Senate and White House is dangerous. The fact that Republicans are faltering instead of meeting the challenge is disheartening.

What we need now is leadership from the House GOP. Demand that the Senate supply their version of a budget fix and force a conference committee. That is how it is supposed to work. This cycle of pass a bill, Harry hates it, water it down, try to pass it, the House hates it, change it again… is nauseating.  The fact that the House GOP is largely being led around by the nose by Senate Democrats is embarrassing.

Cut,cap and balance is the starting point – it is the line. It’s already passed the House and Republicans should be demanding real negotiations from the left instead of turning tail and looking for more giveaways to  the progressives.

Perhaps we need our own version of Mel Gibson in “The Patriot” running against the tide of fleeing soldiers yelling over and over “HOLD THE LINE .. HOLD THE LINE” while waving the American flag.

Mr. Speaker “HOLD THE LINE!”

Mortgage Rates Inch Higher

NEW YORK, July 28, 2011 /PRNewswire/ — Mortgage rates turned course this week with the benchmark conforming 30-year fixed mortgage rate rising to 4.74 percent, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The average 15-year fixed mortgage moved up to 3.83 percent, as did the larger jumbo 30-year fixed rate, which is now 5.19 percent. Adjustable rate mortgages moved lower as well, with the average 5-year ARM sliding to 3.34 percent and the 7-year ARM falling to 3.57 percent.

Mortgage rates inched up this week as investors were worried by political gridlock over how to raise the national debt ceiling and cut the deficit. Industry analysts have made it clear that if the United Statesdefaults and the national debt is downgraded, mortgage rates could spike immediately. But the uncertainty over what Congress will decide over the next few days has already started to shake the mortgage world, as investors question if it’s still safe to invest in U.S. bonds.

The last time mortgage rates were above 6 percent was Nov. 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have carried a monthly payment of $1,241.86. With the average rate now 4.74 percent, the monthly payment for the same size loan would be $1,042.86, a difference of $199 per month for anyone refinancing now.

SURVEY RESULTS

30-year fixed: 4.74% — up from 4.68% last week (avg. points: 0.35)

15-year fixed: 3.83% — up from 3.82% last week (avg. points: 0.37)

5/1 ARM: 3.34% — down from 3.36% last week (avg. points: 033.)

Bankrate’s national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.

Unemployment Claims Lowest Since April

A Bureau of Labor statistics report announced that first-time applications for unemployment benefits fell to below 400,000 for the first time in three months. At 398,000, the drop has gone under the mark that many analysts feel signals recovery in the job market.

No extenuating circumstances were noted in the labor report as to why the number came in so low, but the number of layoffs did slow by 67% in June. More than 159,000 workers were laid off in over 1,600 separate layoff actions.

What the report also showed is that the number of Americans on extended benefits is up drastically.

Beneficiaries that have used up the standard benefits and are now on emergency benefits is up another 62,400 bringing the total to a staggering 3.76 million Americans.

Analysts believe the unemployment rate will remain unchanged for a few more months citing the still high level of layoffs in the report.

Calling on Optimus Prime: An Independent’s plea

If there was ever a time for a Super hero in American Politics, it is now.

Rick PerryIt’s prime time for Governor Rick Perry of Texas to announce his candidacy. Gov. Perry, a real transformer of sorts, is the only potential candidate who has the heavy metal needed to take on the socialist agenda of President Obama and his progressive Democrats who as a party, are becoming increasingly hostile to the notion of free markets, religious freedom, and free speech. Governor Perry has several distinguishing factors working for him that will make him the GOP front runner, should he choose to enter the race.

Perry’s Texas is truly a lone star in a nation of dimly lit economies. For the last 4 years, Texas has led America in new job growth. Most recently, the state of Texas was cited as having created approximately 43% of the net new jobs in the United States. Couple this with being the nation’s number one exporter for the last 7 years, and you have to say Governor Perry’s leadership is extraordinary. If voting with your feet were a barometer of approval, then Perry has a double digit lead over President Obama already, as thousands of new residents are swarming into Texas everyday, adding to an already robust tax base.

Compared to the massive job losses all around the country produced by the Keynesian nonsense that President Obama and his party have been pushing, Governor Perry has a proven record of success that tops all the GOP hopefuls, and certainly better then the current occupant on 1600 Pennsylvania, Avenue.

Rick Perry is no skinny on personality. A tall, attractive man, with a get ‘er done attitude, he has a creative governing style and rock steady temperament when in battle. One of his real advantages is that he knows how the other side of the isle thinks. Yes, Rick Perry was a one time Democrat, which I understand personally, as I left the Democrat party as well. I believe the experience is an advantage. Familiarity in understanding the ideological differences can help to avoid grid-lock and encourage bi-partisan support, at least in areas that need immediate attention like the economy.

A believer in States rights, Perry sees major encroachment from the federal government as a national problem. In the same light being on the border with Mexico, The Governor understands the issues with immigration more then anyone else, and believes in a, “boots on the ground” policy, combined with hi-tech surveillance. Couple this with being a strong ally for Israel, and a supporter of traditional marriage Governor Perry is in the main stream, despite what the deceptive troubadours of the modern snarky media might tell you.

Governor Perry is an unapologetic conservative, he see’s The Constitution as it is was intended; a glorious document that was never intended to be separated from the Christian principals that inspired it. It’s through this clear vision that our great institutions; American jurisprudence, our educational system and our economy have shined with the brightest stars. Unfortunately the democrat leadership has never recovered after the Clinton years, and instead has tried to unmoor America from her anchor of Judeo/Christian principals. Whether you agree with that progressive gambit or not, one thing is clear, our nation has been negatively affected in every one of these uniquely American institutions. Its time to revisit what made us great and Governor Perry seems to understand this.

Finally, capturing The White House will be a formidable challenge which takes me back to the movie Transformers 3. Where the hero Optimus Prime, and his Autobots take on the evil Megatron and his gang of aptly named Deceptacons. In a similar vein, even with a capitulating economy, getting a fair shake with a deceptive media will be a challenge to get Governor Perry’s fiscal common sense message out. This writer knows all too well how the poverty of pessimism which the Left will use against Perry and the American people, can often interfere with clear thinking. In the end, this election is going to be a titanic struggle of what I truly believe is America’s last chance. Governor Rick Perry is a proven success, and should be considered our best hope for The Presidency of the United States.