Tag Archives: business

American Capitalism & The Illusion of Laissez Faire

To draw from an opening phrase, in the beginning, there was capitalism. More accurately, at the beginning of our Constitutional Republic, government was committed to limiting – drastically – it’s footprint in the new American marketplace. Americans were free from the tyranny of government interference leveled at the former colonists at the hand of King George III. Our Founders and Framers sought to secure the right of the individual not only to property, but to commerce in a form lightly touched by government. My, how far we have fallen from the Framer’s original intent.

The original intent of the Framers where commerce was concerned – and especially under the Articles of Confederation – was to leave the new American people to reap the benefits of their crafts and labors. The Framers embraced a laissez faire system of capitalism. Laissez faire capitalism is defined as:

“…a doctrine opposing governmental interference in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.”

A system of government’s only responsibility in a laissez faire capitalist system, where commerce was concerned and if adhering to the original intent of the Framers, was:

“…to protect the rights of the individual, by banning the initiation of force, thus making all relations between men peaceful, i.e., free from the threat of violence and fraud…

“…a system of checks and balances so ordered to protect the rights of the individual, from criminals and most importantly from the democratically elected voices who claim to speak for the ‘public good.’”

Today’s American “free market system” is actually anything but a laissez faire capitalist system; a free system.

Starting a small business today requires that the aspiring entrepreneur incur significant start-up costs including fees, costly regulatory acquiescence, licensure requirements, taxes, tariffs, diversity quota hiring and other associated costs, taxes, actions and/or fees. Add to that the impossible task of acquiring necessary to-market development capital from a financial institution – many of which were afforded lifesaving financial infusions of taxpayer dollars, courtesy of crony capitalists in Washington, DC – and you have a formula for a stagnant economy and high unemployment for the “producers,” and the selective enrichment of the connected, the elite and the “chosen few.”

This was not the case so long ago. And as little as 30 years ago, starting a small business meant reaping the rewards of ingenuity and hard work. Someone with a dream; someone with a “good idea,” was able to acquire capital to launch small business initiatives based on that tangible idea; based on a well-crafted business plan and model. Sadly, today, no one “invests in ideas” anymore. Financial institutions and capable venture capitalists balk at the “good idea”; recoil from the uncertainty of start-up entrepreneurship because of the non-guarantee of return on investment, even as many of them have been deemed “too big to fail” when they make bad business decisions of their own, only to receive government-funded (read: taxpayer-funded) bailouts. This all happening while the “good idea” start-up concepts wither on the vine for lack of start-up capital.

Additionally, many a creative entrepreneur is neutered – or hamstrung – by the fact that the “powers that be” have declared they did not jump through the traditional “educational hoops”; did not attain the necessary piece of paper and the required student loan debt to be considered “competent” or “intelligent” enough to conceive of the “next big thing.” Of course, this certainly must come as a surprise to Bill Gates, or to the late Steve Jobs, two pioneers of the computer age who dropped out of college. So, too, must is be shocking news to the many “gangsta” rap moguls who possess a depth of language proficiency usually reserved for those with a single or low double-digit intelligence quotient, and most of whom know the assembly of automatic weaponry better than algebraic theory.

And while the successful navigation of the “educational hoops” does not guarantee entrée into the realm of the financially anointed, sometimes the connections and friendships acquired at many upper-echelon secondary education establishments can serve to circumvent the ties that bind “producer Americans” to the grind of the average. Yes, I am talking about elitist crony capitalism.

Case in point: Toni Townes-Whitley.

According to TheDailyCaller.com:

“Toni Townes-Whitley, Princeton class of ’85, is senior vice president at CGI Federal, which earned the no-bid contract to build the $678 million [failed] Obamacare enrollment website at Healthcare.gov. CGI Federal is the US arm of a Canadian company.

“Townes-Whitley and her Princeton classmate Michelle Obama are both members of the Association of Black Princeton Alumni.”

Coincidentally, George Schindler, the president of CGI Federal’s Canadian parent CGI Group, became an Obama 2012 campaign donor after his company gained the Obamacare website contract. What a coincidence…

What does all of this have to do with laissez faire capitalism? Well, actually, nothing. It has nothing to do with laissez faire capitalism. And that’s the point.

Considering that our economic system has turned into a fiscal bordello of short-cuts for the Progressive chosen few, bailouts for the “too big to fail” financial institutions, and a playground for the crony capitalists, is it any wonder the financial markets have ceased reflecting the health of the American economy? How are investors supposed to know when the next major economic disaster is approaching when risky investments and questionable financial schemes are always rewarded in their failures and losses with government-backed (read: taxpayer-funded) bailouts? For the “chosen ones,” where is the “risk”?

The original intent of the Founders and Framers was to have an “American capitalism”; a system of commerce and investment based on achievement, investment, hard work, production and, yes, failure. The American system of capitalism was designed to leave the evolution of society and the decisions about the “common good” to the people. Today’s “anything but free market system” is a disingenuous scheme establishing pre-determined winners and losers; a manipulation of the laissez faire capitalist purity that promotes equality in outcome over an equality of opportunity: economic and social justice.

In an economic system enslaved by the Progressive ideology, economic and social justice is of a paramount importance, trumping the small business, the innovator, the entrepreneur and the producer; trumping and extinguishing opportunity for all, opportunity guaranteed in the United States Constitution.

An economic system enslaved by the Progressive ideology dictates who will win and who will lose; who will acquire wealth and who will live just above poverty, all according to an oligarchical elites’ idea of what is fair, what is not and who is worthy.

Under a Progressive economic system, opportunity is dead and the American Dream, but for those chosen by the Progressive masters, swings from a rope off a branch of a socially engineered (read: Socialist) tree, long-standing on the Progressive plantation.

“Not houses finely roofed or the stones of walls well builded, nay nor canals and dockyards make the city, but men able to use their opportunity.” – Alcaeus

Holder’s DOJ Says, “You’re Grounded!”

This week, a prospective merger between American Airlines and U.S. Airways stalled, when the United States Department of Justice and six states’ attorneys general filed an antitrust lawsuit. If the merger succeeds, it would create the largest air carrier in the world. The DOJ cited numerous concerns over the effects that a newly merged airline company would mean for consumers.

Bill Baer, assistant-attorney general of  the DOJ’s antitrust division says he worries about the new company’s ability to change airfares unilaterally and sufficiently enough, that it would create price hikes across the industry. Through the company’s pricing power, industry standing, and numbers of slots at airports, the government contends the company would: wipe out special pricing programs and incentives, raise fares, reduce competition, and provide reduced services. The merger, which would leave three legacy carriers, would allow them to raise prices, because non-stop services would be eliminated, in lieu of connecting services.

In a refreshing change, it seems the DOJ is suddenly oriented toward thrift, and consumer protections. It is the government you have always wanted – they are looking out for you. It sounds great, right?

If this were not the same DOJ who turned a blind eye at voter intimidation and whose leader balked at answering questions about investigations of reporters, you might be able to take them at their word. It is also the same DOJ who allowed numerous other airline mergers in the past few years as well, without much criticism. (The lawsuit also uses those past mergers as proof that the new airline would raise prices).

As much as the DOJ would like to paint itself as some sort of a guardian of consumers, it is hard to believe. The remarks on the lawsuit contains several assumptions and suspicions about the prospective airline’s plans. The DOJ also points out that the two companies say they can manage without the merger, that each company stated they would do well without it. That is fine and good, but if the companies think that they can do business better still, with a merger, who is the DOJ to insert themselves (arbitrarily, in this author’s eyes) into the proceedings?

It was a done deal before the government stepped into the midst of the merger. ABCNews, and the Buckingham Group, point out that the merger had a 99% chance of happening. After the DOJ and state lawsuits, that figure dropped to 40%. The article continues to point out that if the merger occurs, the resulting, remaining airline companies would consist of four top airlines, which would control 80% of the commercial air market.

What does all this show us? What is the take away? I see a couple:

One, it seems to be another case of this administration seeking to pick winners and losers. A Blaze article goes so far as to say that the DOJ filed their suit to squeeze more concessions from the companies – this, despite people like Congressman Spencer Bachus mentioning that the airlines’ employees and unions supported the deal.

Two, in its prepared remarks about the merger, the DOJ lays out, step-by-step, the ways in which the merger will affect consumers. In a perfect understanding of market forces, they mention mechanisms such as supply and demand, competitive advantages, and pricing power concerns. Now, with an understanding such as that, how hard is it to swallow what this administration’s done elsewhere, and in other cases, where it has hurt capitalism?

The merger hits a big bump.

The American Airlines/US Airways merger hits a big bump.

Obamacare Surcharge

Another brave business owner is making changes due to the Obamacare mandates and hopes to implement the changes by January 2014 when Obamacare is in full effect.

John Metz, a restaurant owner in South Florida, announced he will add a 5 percent surcharge to customer bills to offset the increased overhead his company faces due to the Affordable Care Act.

Metz, who operates Denny’s and Hurricane’s Grill & Wings, told the Huffington Post, “If I leave the prices the same, but say on the menu that there is a 5 percent surcharge for Obamacare, customers have two choices. They can either pay it and tip 15 to 20%, or if they really feel so inclined, they can reduce the amount of the tip they give the server, who is the primary beneficiary of Obamacare.”

Metz is also cutting employee hours, which is has become commonplace as of late within the restaurant industry. Darden Restaurants, Papa John’s, Apple-Metro and Jimmy John’s have begun to make similar changes in their workforces.

The restaurant industry has extremely high turnover and rarely hires employees on a full-time basis for “front of the store” positions. Full-time status has been commonly defined as 40 hours per week, but the Affordable Care Act now mandates workers putting in 30 hours per week or more be considered full-time. The administrative costs associated with hiring full-time employees is high for low turnover industries, but for high attrition rate industries like food service is astronomical.

Metz said his current insurance for full-time employees costs $5,000 to $6,000 per year. “Obviously, I’d love to cover all our employees under that insurance, but to pay $5,000 per employee would cost us $175,000 per restaurant, and unfortunately, most of our restaurants don’t make $175,000 per year.”

With about 1,200 employees throughout more than 40 restaurant locations, Metz’ costs if he were to keep employee hours the same could have the potential to put him out of business, leaving all 1,200 employees jobless. The fines associated with Obamacare for employers who do not comply with the full-time employee mandates will face penalties of $2,000 per employee, which Metz claims will cost roughly $70,000 per restaurant annually.

Papa John’s and others have been targeted by leftwing media groups for making changes to their workforce and called for a boycott. To show support for companies having to make tough decisions in response to Obamacare, conservative citizen activist groups like Rebooting America are promoting “National Papa John’s Appreciation Day” via Twitter and other social media. The group has received national attention with Founder Justen Charters appearing on Fox Business Channel and more than 16,000 people have committed to the event via Facebook.

The event page reads, “Papa John’s has been targeted by the left for a boycott, for simply articulating that ObamaCare would hurt profits and force cutbacks in employee hours. Stand up to this nonsensical and illogical action and support Papa John’s this Friday!”

The group has also asked that anyone purchasing pizza on Friday to consider buying an extra pie to share with someone in need or a church group, charity or afterschool program.

Caterpillar Flees Minnesota

Once a backdrop for President Obama’s campaign to pass the Stimilus Bill in 2009, Caterpillar Inc. is making a mad dash for the border and they are leaving 100 employees behind.

Caterpillar’s Owatonna, MN production plant will cease production in March 2013, according to executives who met with the 100 laid-off workers just 2 days after the November 6th election.

“We value our employees’ contributions, and these actions are not a reflection of them, but rather the result of a need to make our business more efficient and competitive,” Caterpillar said in a statement.

Given the timing of the announcement and the outcomes in Minnesota state legislative races, one has to assume the move is at least in part politically motivated.

In 2010, on the wave of Tea Party and liberty-minded activists throughout the country, Minnesota’s state legislature saw a Republican led House and Senate for the first time in decades. The state had a $6.2 billion deficit at the time, despite having a Democrat governor. Just 2 years later, the Democrat party will again take control of the legislature and budget, now with a $1.2 billion surplus and no Republicans to stop the taxes and spending.

According to The Tax Foundation, a non-partisan tax research group in Washington, DC, Minnesota ranks 45th in the country on the State Business Tax Climate Index. It should be no surprise that companies will continue to leave Minnesota if the tax climate remains dismal. Others have already left or laid off thousands of employees in recent years including State Farm, Polaris and Lockheed Martin.

Caterpillar is one of many companies moving to more business-friendly states, decreasing their work force or closing shop altogether. The list of companies announcing layoffs and closings includes big names like Energizer, Bristol-Meyers, US Cellular and Boeing.

Ohio-based Murray Energy is the country’s largest privately owned coal mining company. CEO Robert Murray announced layoffs for more than 100 workers citing the reelection of President Obama and the administration’s “war on coal” as deciding factors.

Perhaps the American worker should have focused more on the Obama administration’s very real “war on jobs” and less on the manufactured “war on women.”

Close The Book Forever on the Failed “progressive” Experiment

The current White House occupant, in a calculated, targeted attack against Republican rival Mitt Romney, attempted to dismiss a key Romney rationale for his presidential candidacy by saying: “When you’re president, as opposed to the head of a private equity firm, then your job is not simply to maximize profits. Your job is to figure out how everybody in the country has a fair shot.”

It is quite obvious that occupy Oval Office is shockingly unfamiliar with the concept that jobs are downstream from profits, not the other way around. With the exception of the original staff, which is hired to launch a company via startup capital (notice that here too, private capital comes before hiring), businesses only become financially capable of hiring more workers after they have made profits. Being profitable gives them the capital needed to pay for expansion, which then creates the need to hire additional employees. This is especially true of small businesses, most of which are decidedly not over funded with start-up capital.

According to “progressives”, the rich are somehow preventing the middle class from having a fair shot because the rich are depriving the middle class by not paying “their fair share” of taxes. The “progressive” concept of the middle class having a fair shot is stealing money from those who have earned it through initiative, hard work, risk and sacrifice within the free market capitalist system through “progressive” taxation and use that money, acquired through legal extortion, to hire unionized government sector workers. Workers who will not only be paid more than their counterparts who are doing the same job in the private sector, but who will enjoy Cadillac healthcare and pension benefits provided to them by a taxpayer funded job from which, thanks to union demands, being fired will be a virtual impossibility.

Still wonder why “progressives” love government sector unions?

Such an arrangement is perfectly suited to “progressives”, who are huge proponents of centrally planned big government. Workers dependent upon government for their livelihood are reliably more likely to re-elect big government candidates. They are also far more likely to pay little concern to how much the rich are taxed, since the taxes of unionized government workers won’t be affected.  That is, if they’re even required to pay taxes. Their big government big brothers take care of them.

Winston Smith, where are you?

Of course, the “they don’t pay their fair share” rhetoric is a complete sham, a straw-man argument. Truth be known, the “they don’t pay their fair share” rhetoric is a bold faced lie. The top 10% earners in America pay 70% of the income taxes while 47% of Americans pay no income tax. They pay zero.

How much of a tax on the rich would be enough to satisfy “progressives”? How much of someone else’s money does the Oval Office need to take for the middle class to have “a fair shot”? The 100% rate Barrack Obama Sr. sought to impose on Kenya’s rich after he seized power?

Can you say redistributive dreams from my Marxist father?

This clearly demonstrates how clueless Barrack Hussein Obama is about the way America was designed by its Founding Fathers. Having a fair shot in America has never been about big government stealing from the rich to finance hiring unionized government sector workers.

Having a fair shot has always been about a constitutionally limited government not interfering with the private sector free market’s ability to afford equal opportunity to everyone, regardless of their starting point in life. In America, government’s job is not to “take care of us”. In America, a centrally planned big government can never replace the initiative, creativity, hard work, sacrifice, risk, and reward of free, private Citizens working to provide for their own needs through the pursuit of happiness within the private sector.

If it ever does, America will have ceased to exist.

Instead of digging the United States into an ever-deepening hole by reducing available free market capital through higher tax rates, how about creating some certainty for investors by making permanent changes to America’s needlessly complicated tax code? How about creating a simplified tax code that provides incentives for investment? How about creating a tax code that’s doesn’t punish small businesses by forcing them  each year to divert limited precious capital to pay the cost of hiring accountants and attorneys to decipher an ever “evolving”, increasingly complicated tax code? How about creating an economic environment where the rich, middle class and poor alike all feel it’s worth the risk to invest in a start-up business? Thanks to existing, unnecessarily high “progressive” tax rates and expanding, restrictive, needlessly expensive regulatory oppression, starting up a new business today is practically impossible.

Better still, how about “progressives” going back to school to learn what America is really all about? In the meantime, they should leave running America to Americans.

Obama has had four years.  He got his fair shot, and he blew it.

After 100 years of progressively expanding government intrusion into the God given Rights and Liberties of free people, it is now time to forever close the book on the failed “progressive” experiment.

http://mjfellright.wordpress.com/2012/08/28/close-the-book-forever-on-the-failed-progressive-experiment/

America Needs a New Sheriff

The American labor market showed few signs of new life in the latest jobs report.   First time filings for unemployment benefits rose again last week to a one-month high.  Claims rose for a second week, by 4,000 for the period ended Aug. 18.  After economists had predicted 365,000 new claims, the number climbed to 372,000.

The administration continues to cite the European debt crisis and economic slowdowns in Asia as deterrents to investment.

http://www.bloomberg.com/news/2012-08-23/jobless-claims-in-u-s-climb-for-second-week-to-one-month-high.html

It is far easier to blame the global economy than to admit that this administration’s energy policies are killing jobs in America.  That this administration poked their thumbs into the eyes of millions of unemployed Americans when they laughed about “shovel-ready” projects not being as “shovel-ready” as advertised.  It is not the least bit funny to Americans when they discover that this administration does not know what they are doing, especially after they spent trillions of taxpayer dollars on plans that did not work and redistributed hundreds of billions of the taxpayer’s wealth to rich “progressive” bundlers for the administration’s campaign machine.

Across the country, Americans have had enough of this administration’s policies, starting with those that kill jobs; like the healthcare reform law that levies huge tax hikes on all Americans and imposes additional burdens on businesses.  Americans are done with the policies that are killing America’s energy industry, like stifling EPA regulations that make it impossible to build new petroleum refineries or use coal powered energy.  Americans can no longer tolerate a lack of policy; a lack that precludes any hope for recovery in the housing market.  Many small businesses will find it difficult if not impossible to exist, much less expand and hire while banking regulations imposed during this administration make it virtually impossible for banks to loan them money.

Why does America continue to spend hundreds of billions of dollars a year on foreign energy rather than developing the abundant energy in its own country? Why not keep those hundreds of billions of dollars at home in its own sluggish, cash strapped economy?

At a time when tens of millions of Americans are struggling to find work and its economy is starving for liquid capital, why does this administration refuse to take advantage of America’s wealth of natural resources? Why does this administration continue to prevent drilling for oil and natural gas or mining for coal? Why not put Americans back to work building refineries and power plants? Why not have Americans delivering gas, coal and natural gas to American consumers?

How many peripheral jobs will be created by that process?

For every new oil well, power plant, refinery or mine there will be new roads built, followed by restaurants, stores, housing, schools and places of worship. All generated by the only force capable of powering America’s economic recovery: the private sector.

The key to economic recovery in America is a shift in policy.  The only way for that shift to happen is to alter the governing philosophy.  For that alteration to take place, America must elect a new sheriff and new deputies.

http://mjfellright.wordpress.com/2012/08/23/america-needs-a-new-sheriff/

The Least Productive Congress…Why?

The institutionalized “progressive” left is at it again.  Consider this headline published by Yahoo News on behalf of Susan Davis, USA Today and ABC OTUS News:

“Congress could be least productive since 1947”

Three of the first four paragraphs of this “headline news” story focus on attacking the Republican majority in the House of Representatives for the recent lack of legislative success.  This is obviously typical of the “progressive” Party Pravda, which never misses an opportunity to parrot messages being dictated by the George Soros funded Media Matters via Valerie Jarrett and the White House.

Statistics are being manipulated and misrepresented by partisan hacks posing as journalists: “Just 61 bills have become law to date in 2012 out of 3,914 bills that have been introduced by lawmakers, or less than 2 percent of all proposed laws,” or “In 2011, after Republicans took control of the U.S. House, Congress passed just 90 bills into law.

http://news.yahoo.com/congress-could-least-productive-since-1947-011137011.html?_esi=0&

It might be statistically true that “Congress is on pace to make history with the least productive legislative year in the post-World War II era,” but to so strongly insinuate that this is the fault of the House Republican majority, as Davis, USA Today, ABC News and Yahoo News do is a lie.  Utter fabrication…pure unadulterated fiction.

Where the article fails completely (that is if you are seeking factual information rather than “progressive” propaganda) is in the “reporting” of why those numbers are so abysmal.

The United States Senate, under the extreme, partisan, rigidly ideological, failed “leadership” of “progressive” Democrat Harry Reid, has blocked, obstructed, ignored or refused to allow a majority of House passed bills to even come to a vote in the U.S. Senate.

How is any bill passed by the House ever to become law if it is completely blocked from discussion or vote in the Senate?

The reason so many people believe the House is to blame for this situation is the lies spread by institutionalized “progressive” shills like Yahoo News, Susan Davis, USA Today, ABC OTUS News and their ilk.

Should the 112th Congress come to be “defined by partisan divisions and legislative failures”, the blame will rest squarely at the slumping, rounded shoulders of Reid and his “progressive” co-conspirator currently occupying the Oval Office.  The “progressive” Democratic Senate majority has not even passed a budget in three years.  They even voted down the one that came from the Oval Office 97-0.

This is a clear dereliction of duty by the “progressive” Democratic Party.  Thanks to the utter failure of their “progressive” policies, the one and only card left for them to play is using Saul Alinsky style smear tactics against the right attempting to blame the right for problems caused by the left.  This has been the modus operandi of “progressives” since they seized control of the Democratic Party.

The most egregious of lies propagated by the institutionalized “progressive” left is the one put forth by Nancy Pelosi during the TARP debate.  On September 28, 2008 Pelosi placed the blame for the economic collapse entirely on George W. Bush and failed Republican economic policies.

http://www.youtube.com/watch?v=NnyyAKn-I9o

The 2008 financial collapse was a direct result of failed “progressive” social engineering in the U.S. housing market.  For decades the U.S. has had nothing remotely resembling a free market in residential real estate.  Instead, “progressive” big government created monstrosities Fannie Mae and Freddie Mac controlled over half of all U.S. mortgages.  For twenty years, Conservatives warned about the systemic risk Fannie and Freddie posed to the financial system but they were constantly thwarted by the left.  To this very day, the institutionalized “progressive” left denies the essential part Fannie and Freddie played in creating the housing bubble and causing the financial crisis.

Even at the height of the housing bubble, as the extent of the damage was being revealed, Barney Frank and Chris Dodd were still seeking to increase Fannie and Freddie’s role in a market already fettered by “progressive” big government interference.   On behalf of a well-heeled constituency in her congressional district, the liar Nancy Pelosi continued insisting Fannie and Freddie keep the housing bubble going, pushing for their insurance limits to be increased from $417,000 to $700,000 per loan.

Whether in the area of journalism or politics, once the facts are in members of the institutionalized “progressive” left prove themselves to be nothing more than bold faced, willfully deceitful psychopaths unfit to serve in the public arena.

http://mjfellright.wordpress.com/2012/08/15/the-least-productive-congresswhy/

White House Tells Lies (Repeatedly) To Win

The White House re-election campaign has denied any knowledge of an abhorrent, misleading Super PAC ad that wrongly blames GOP challenger Mitt Romney for the death of a steelworker’s wife from cancer.

Campaign spokeswoman Jen Psaki responded by saying: “We have nothing, no involvement, with any ads that are done by Priorities USA.  We don’t have any knowledge of the story of the family.”  Deputy campaign manager Stephanie Cutter stated: “I don’t know the facts about when Mr. Soptic’s wife got sick, or the facts about his health insurance.”

The problem for the Oval Office and its hope for re-election is; Soptic told the story on May 14, 2012, in a conference call hosted by the Obama campaign.

http://news.yahoo.com/blogs/ticket/obama-camp-denies-knowledge-cancer-tale-told-may-195237581.html

This is from someone who condemned PAC attack ads running in favor of John Edwards during the 2008 campaign.  This is from a candidate who attacks Super PACs that are on Romney’s side, but never utters one peep about the PACs that are aligned with him, launching slanderous attacks against Romney on his behalf.

Apparently for “progressives”, civility remains a one way street.

Evidence shows how the White House’s assertion that political appointees were not involved in Energy Department loan decisions is a flat out lie.

Documents and sources knowledgeable of the situation show that disagreement between administration officials over approval of a $1.4 billion loan to another project was resolved by then-White House Chief of Staff Bill Daley.

Last summer the Oval Office occupier was briefed personally about a federal loan program aimed at helping clean-energy companies.   The briefing took place a mere two months before failure of the solar company Solyndra.  Solyndra was trumpeted by the White House as the poster child for solar power success in America.

http://www.washingtonpost.com/politics/energy-dept-e-mails-on-solyndra-provide-new-details-on-white-house-involvement/2012/08/08/668dc042-e162-11e1-a25e-15067bb31849_story.html

It is easy to understand why Romney and his supporters justifiably lament the cheap, two-bit, Chicago thug style, dirty, lying, lowlife, bottoms scraping, scumbag, “progressive”, Alinsky tactics being used daily by the current White House occupant’s re-election campaign.  But to remain stuck in lament or defense mode plays right into their hands.

The best option is to stick to the truth and use the abundant available evidence to successfully portray the current administration and its “progressive” political allies for what they are.  So incredibly inept at governing that their own failed leadership and flagrant incompetence has forced them to lie, cheat and resort to character assassination in order to misrepresent themselves and their opponent.

Then paint the portrait of a viable alternative to failure: A proven leader who has achieved the American dream through pursuit of happiness.

Follow that with a series of questions.

Who would you rather have leading the United States of America; someone so inexperienced, inept and incompetent that Americans are resorting to Welfare, Disability and Food Stamps for survival?  Someone who must resort to blatantly dishonest tactics in an attempt to salvage their own failed, sagging political career?

Or would you rather have America led by a competent, successful and experienced businessman of good moral character who has plans to revitalize the American private sector economy and put Americans back to work?

America deserves better than having an inexperienced, incompetent, inept liar as President of the United States.

You deserve better.

http://mjfellright.wordpress.com/2012/08/09/white-house-tells-lies-repeatedly-to-win/

The Tea Party’s Work Has Just Begun

Republican presidential challenger Mitt Romney attacked occupy Oval Office, aka Barrack Obama, for waiving portions of the welfare-to-work law.  At a Chicago campaign stop, Romney pledged to reverse the July order that disembowels welfare reform.  “We will end a culture of dependency and restore a culture of good, hard work,” Romney said.

Naturally, White House press secretary Jay Carney called Romney’s charges “blatantly dishonest.”  Carney’s misrepresentative spin continued: “This administration’s policy will strengthen the program by giving states the opportunity to employ more effective ways to help people get off welfare and into a job.”

For their part, a new Romney campaign ad accurately asserts that “Obama guts welfare reform” saying “Under Obama’s plan, you wouldn’t have to work and wouldn’t have to train for a job. They just send you your welfare check.”

http://www.conservativedailynews.com/2012/08/did-obama-gut-welfare-reform/

Of course, to White House “progressives” it does not matters that The Health and Human Services Department directive permits states to ask for waivers from the work requirement found in the existing welfare law.  They are going to attack, smear, invent and misrepresent every fact necessary to convince low information voters to cast their ballots against Romney, no matter what.

Coincidently, the current White House occupant is now blaming state and local governments, as well as Congress for the 14.1 percent black unemployment rate.

“There are a lot more things we could be doing. To get them done, we need cooperation of Congress. We got the payroll tax portion of [my American Jobs Act] done, but what we didn’t get done is the assistance I was proposing to the states to help them hire back teachers, firefighters, and first responders, because one of the weakest parts of this recovery has been state and local government hiring.  Given the weaknesses of the construction industry, the American Jobs Act proposed that we rebuild schools, roads, bridges, airport, and ports. That would provide small businesses with opportunities as contractors and vendors in this rebuilding process. Again, Congress needs to act.”  Obama stated.

Were George W. Bush, Sarah Palin, the Tea Party, economic troubles in the Eurozone, the Arab Spring, a Japanese tsunami or ATMs and ticketing kiosks suddenly unavailable for blame?

Obama then took for granted a big part of his core constituency by saying “I’m not the president of black America. I’m the president of the United States of America.”

http://www.weeklystandard.com/blogs/obama-blames-state-and-local-governments-congress-141-percent-black-unemployment_649505.htmlhat

If one is to believe the pathological wealth redistributor in thief, he and his policies are never to blame for any of the existing malaise.  If only all those poor unfortunate souls who are not part of the “progressive” “intellectual elite” were capable of understanding.  Then his “progressive” holiness could explain to them how his policies are great…for the hundred thousandth time.

The idea that America is in deep financial trouble and that the current “progressive” administration is intentionally inflicting damage upon America and its economy is supported by the enactment of a seemingly endless string of “progressive” policies that run 180 degrees counter to how America and its economy are designed to work.

But one politician, no matter how radical, fringe, extreme, anti-American, “progressive” they are is solely to blame for the current situation.

Thanks to “go along to get along” “establishment” Republicans who abandoned Conservative principles and co-opted the “progressive” Democratic tactic of bringing home the bacon to buy votes; from January 2007 to January 2011 Republicans were in the legislative minority.  After the 2008 election, they were so outnumbered they were powerless to stop a “progressive” agenda bent on advancing an extreme, fringe, radical, anti-American wish list “progressives” spent decades concocting.

Then Americans woke up and elected Republicans of a more Conservative stripe to a majority in the House and reduced the “progressive” majority in the Senate.

But the Tea Party’s work is not done.  It is only now beginning.

“progressives” and their policies have been assailing America for over a century.  Based on what has happened since the 2010 election, expectations that more than 100 years of damage will be reversed in one election cycle are unrealistic.

For some Tea Party Americans, Mitt Romney might not be their first pick for president.  At least Romney is an American who knows first-hand how to achieve success in business.  Better still, Romney was not raised overseas by Communists.  This is a far cry from the current clueless affirmative action clown who between rounds of golf is working to “fundamentally transform” America into a Socialist democracy.  Besides, Romney’s campaign is showing a willingness to fight, something John McCain’s 2008 campaign failed to demonstrate.

Americans need to stay focused, remain diligent and work hard to elect Conservative Americans to every office possible.  It could be the White House, the U.S. Senate, Congress, Governor, Mayor or the local dog catcher.

Keep the faith and get out the American vote!

http://mjfellright.wordpress.com/2012/08/08/the-tea-partys-work-has-just-begun/

The Economic Justice Lie

For years, the current White House occupant has foisted the concept that more affluent Americans do not pay their fair share of taxes.  That may make for an effectively memorable campaign stump slogan, but as is so often the case with the “progressive” Democrat’s reelection campaign statements, the rhetoric does not align itself with reality.  The top five percent of American wage earners pay forty seven percent of revenues collected by the IRS.  The top ten percent pay seventy percent of all IRS revenues.  Meanwhile, forty seven percent of the population pays zero income tax.  In fact, a large number of that forty seven percent actually reap the benefits of “progressive” big government largesse while paying nothing.

In a country long admired for its diligent protection of free speech it should be possible to logically discuss the plethora of clearly unconstitutional, vastly unpopular, criminally coerced, bribery stuffed, intimidation filled, votes bought, deals made and paid for legislation that amounts to an unmitigated assault upon American traditions, values and a way of life based on freedom of choice and individual liberty.  Given that anyone willing to speak against the institutionalized “progressive” leftist agenda is smeared, attacked, blocked on social media or otherwise suppressed, perhaps not.

But whether you look at the nationalization of American banks, the takeover of the U.S. auto industry, the Patient Protection and Affordable Care Act (also known to the Chief Justice of the U.S. Supreme Court as a tax), the takeover of the college student loan industry, draconian EPA regulations or Cap and Trade initiatives, it all boils down to two words: “Economic justice.”

Does anyone in their right mind believe that the current radical fringe leftist “progressive” filled government is not playing favorites with student loan applications or will not play favorites with healthcare procedures and coverage?  Does anyone honestly believe that the current “progressive” Executive Branch will not continue to over-reach for power via Executive Order or through their appointments to the unelected, unaccountable regulatory bureaucracy?

Can you say reparations?  Can you say class warfare?  Can you say unable to run for reelection on their record?

Let the current Oval Office occupier in thief tell you in his own words:

  • “One of the tragedies of the civil rights movement was that the civil rights movement became so court focused, I think, there was a tendency to lose track of the political and organizing activities on the ground that are able to bring about the coalitions of power through which you bring about redistributive change.”

That is Marxism, plain and simple.  But “progressives” know full well that the majority of Americans would never accept Marxism, Socialism or Communism if they were honest about their agenda.  Americans are equally unlikely to accept redistribution of wealth at face value.  Witness the public outcry that followed the occupier’s now infamous 2008 campaign encounter with “Joe the plumber”.

What is a “progressive” Marxist to do?

Make the Marxist agenda sound like a moral issue to which good, God fearing, charitable Americans will subscribe.  Just like magic Marxism, Socialism, Communism and redistribution of wealth becomes “economic justice”.

Do not fall for persistent fringe left “progressive” attempts to redefine language through the smoke and mirror tricks of political correctness.  DO NOT BE FOOLED.

“Economic justice” = Forced redistribution of wealth, with hostility towards individual property rights, cloaked in a veneer of morality.

Where the majority of Americans are from, that is known as lying, cheating and stealing.

http://mjfellright.wordpress.com/2012/08/03/the-economic-justice-lie/

Is This Any Way To Govern?

Profits for Government Motors, the crown jewel of White House efforts to portray their venture capital investment efforts in a successful light, dropped 41 percent in the second quarter.  Using GM as a staple of his never ending re-election campaign efforts, the current Oval Office occupant has consistently crowed from the stump about how the GM bailout was part of his master plan to save or create jobs.

Never mind that the government-managed bankruptcy violated hundreds of years of precedent by stealing equity from secured investors and redistributing it to the United Auto Workers, staunch “progressive” Democratic supporters.  Forget that a majority of the auto dealerships that were closed as a result of “progressive” business mismanagement were owned by Conservative Republican small business owners.

Speaking of business, jobless claims rose again.  For the week ended July 28th, initial jobless claims increased by 8,000 to a seasonally adjusted 365,000.  In a now familiar pattern that has persisted since the current administration assumed stewardship over the economy, July 21 week ended claims were revised upwards from the initially reported 353,000 to 357,000.

According to the White House and their “progressive” co-operatives, underperforming jobless numbers would vastly improve if only those selfish small business owners would “pay their fair share”.  Never mind that small businesses are under assault from government mandated regulatory obligations imposed by unaccountable bureaucracies.  Big government “progressive” control freaks will never comprehend how small businesses are far less likely to hire new workers when a disproportionate amount of their limited funds are tied up in accounting and legal fees forced upon them by regulatory dictates.

Not surprisingly, poor economic reports caused stocks on Wall Street to drop, with the Dow and S&P averages showing the biggest single-day drops since late June.  Reports showed both the Dow and S&P down by nearly one percent.

But not to worry, a growing “progressive” big government has determined that for America the best way to solve all of these economic problems is to have said “progressive” big government take over one sixth of the economy by seizing control of the national healthcare system.  A tax that “progressives” refuse to call a tax imposed on “free” individual American citizens for refusing to comply with a “progressive” big government mandate to buy a commodity will be enforced by an IRS that has paid out billions of dollars in fraudulent refunds.  In a report issued on Thursday, the IRS inspector general said that identity thieves are filing bogus returns and could collect $21 billion over the next five years.

Having the government in control of their healthcare system should be of minor concern to American voters.  With trillions of dollars being tossed around more freely than Frisbees on a French Riviera beach, knowledge that 7,000 healthcare providers already paid over $6 billion by Medicaid not paying federal taxes to the tune of nearly $800 million should be considered nothing more than a small accounting error.  What’s a mere $800 million among friends?

It isn’t like partisan politics could interfere with making sound judgments.

That is unless “progressives” are making those decisions.

Early in his presidential campaign back in July 2007, then candidate Barrack Hussein Obama said: “The least employers can do when they’re anticipating layoffs is to let workers know they’re going to be out of a job and a paycheck with enough time to plan for their future.”  Of course, now that having certain key employers do exactly that would threaten his re-election aspirations, he is against it.

Since passage of the Worker Adjustment and Retraining Notification Act, employers with one hundred or more workers are required to give employees a sixty day notice of pending mass layoffs or plant closings.  With the jobs of up to one million U.S. defense contractor workers threatened by looming budget cuts at the Defense Department, those contractors should be sending layoff notices to their workers just a few days before the upcoming Nov. 6 election.  The administration said that those federal contractors do not need to warn their employees about pending mass layoffs or plant closings because the budget cuts slated to begin Jan. 2 are “still speculative.”

Can you say John Kerry?  He was for it before he was against it too, right?

But Americans really should not sweat the small stuff.  Should it matter that thanks to business hostile policies of “progressive” politicians, those self-imagined self-appointed members of the intellectual elite, the American economy is crumbling before their eyes?  After all, Iranian President Mahmoud Ahmadinejad continues to make statements like: “Anyone who loves freedom and justice must strive for the annihilation of the Zionist regime in order to pave the way for world justice and freedom”?

Think about it.  What difference will the state of the economy make if a nuclear armed Iran starts a nuclear world war that annihilates the entire planet?

Is there any truth to the rumor that George Soros is speculating untold billions of his ill-gotten gains on cockroach futures?

Is this the way Americans wants their country governed?

http://mjfellright.wordpress.com/2012/08/02/is-this-any-way-to-govern/

Government or Business?

A review of history shows that smaller government and lower tax rates consistently prove more fiscally sound and achieve greater success at stimulating economies than do the big government, big spending policies of the current administration and fellow “progressive” Democrats.

The White House’s agenda is disastrous for economic growth and stability. Much of what the Oval Office occupier calls “tax cuts” are rewards for participating in an unproven, inefficient, unreliable “green energy” fairy tale.  To a large degree “green energy” has proven to be nothing more than a thinly veiled means of redistributing wealth from taxpayers to the administration’s “progressive” political cronies.

Despite misinformation coming from the White House, faithfully parroted by their willfully complicit co-conspirators within the “progressive” Party Pravda, a one-time annual tax credit of $5,000 to hire an employee that will cost a business far more in salary and benefits is not a tax cut.

When “properly” spun by the misleader in chief, reductions in the payroll tax for working people sound good, but in reality are further defunding the nearly bankrupt Social Security Ponzi scheme.

The government loaned hundreds of billions of dollars to banks. In exchange for those billions the government received preferred shares of stock in those banks. Holders of preferred stock are first in line for any dividends paid to shareholders. Since the banks must pay the government back, holders of common stock will be receiving no dividends. Everyday investors will not buy stock in those banks; instead they will sell their shares in order to use that capital on investments that pay a dividend. This is de facto nationalization of the banking system.

Stress testing banks requires them to maintain balance sheets that are deemed “acceptable” by unelected, unaccountable government regulatory bureaucrats.  In order to maintain those balances, banks are reluctant to lend money to small businesses, many of which are dependent on small loans from local banks to compensate for periodic income shortfalls experienced during normal business cycles.

If re-elected, the current White House occupant will continue to use class warfare as an excuse to reduce and eliminate taxes on political groups inclined to elect proponents of nanny state big government programs.  As envisioned by “progressives”, eventually a majority of Americans will no longer pay any taxes. Meanwhile, the administration will increase the tax burden on successful businesses and individuals; the rich who do not pay “their fair share”.  The majority of people will not care how high tax rates rise.  Since they will no longer be paying taxes, higher tax rates will not affect them.  As businesses fail under the added tax burdens, more people will be laid off and require government assistance.  This will create a huge underclass of Americans dependent upon government for survival who will exist under government control.  This is not coincidental.

Corporations don’t pay taxes. They pass the cost of those taxes on to consumers. The elimination of corporate taxes will lower the cost of goods to consumers and incentivize investments by individuals and investment groups. It will also eliminate the need for corporations to finance Congressional lobbying in pursuit of more favorable tax structures or the creation of additional tax loopholes.

A cut in business tax rates will leave more money in the hands of businesses that succeed, and help those businesses grow through the reinvestment of profit. A growing business has a need to hire new employees. Growing companies that are hiring workers instead of letting people go make employees more secure in their own economic future and thus more likely to engage in consumer spending.

A cut in personal income tax rates will help stimulate consumer spending, thus improving the demand side of the economic equation without cumbersome, inefficient, wasteful government spending that requires borrowing with interest or printing money, which fuels inflation.

It is abundantly clear which direction should be taken by the United States.  Will America recover by electing a successful businessman?  Or will the U.S. continue lurching “forward” in fits and starts until it collapses under the “stewardship” of an unqualified community organizer with a sketchy, predominantly hidden past who’s only business experience prior to seizing power was one real estate deal between himself and a convicted felon?

http://mjfellright.wordpress.com/2012/07/30/government-or-business/

Before the Dawn

A national poll showing a 59/35 percent disapproval rating demonstrates how declining confidence in American economic performance has led business owners to turn on the White House.  With the Oval Office insisting that the country cannot afford to continue the current tax rates for individuals making over $200,000 and couples making more than $250,000, aka the Bush tax cuts for the rich, it is not surprising that investor confidence is lagging.  Evidence indicates that the White House and their “progressive” allies have been repeatedly assailing small business owners, not “standing behind them” as their campaign rhetoric now insists.

Attacks originating from the White House such as the “You didn’t build that” remark are certainly not instilling confidence among entrepreneurs.  2010 Census figures reveal that from 2008-2010 200,000 small businesses shut their doors.  Three million jobs were lost when those companies closed up shop.

Americans cut spending as U.S. economic growth from April through June slowed to a crawl at an annual rate of 1.5 percent.  The slowdown indicates that the economy may be stalling three years into a sluggish, mostly jobless recovery that began when the last recession technically ended.

A growth rate of 2 percent or less does nothing to lower unemployment rates, which remained stuck at 8.2 percent last month.  According to most economic experts, growth is not expected to increase much in the second half of 2012, spurring fears of another recession.  Few economists believe the U.S. economy will strengthen anytime soon.

A less than glowing corporate earnings report, continued financial troubles in Europe and a looming budget crisis in the U.S. are all expected to contribute to further reductions in business investment and contribute to a possible economic downturn.

Drawing upon his business experience, presumptive GOP presidential nominee Mitt Romney has plans to restore jobs in America within the private sector.  He is in favor of increased domestic energy production, a policy that will stimulate economic growth and reduce energy costs for all Americans.  Romney also favors taking a stronger stance towards China on matters of trade and currency manipulation.  He has repeatedly pledged to repeal and replace obamatax, also known by the misnomer: The Patient Protection and Affordable Care Act; a reversal of that policy will disperse the clouds of doubt and uncertainty currently inhibiting job creation, business growth and capital investment.

With a successful businessman in the White House and a legislature composed of business friendly Representatives and Senators, prospects for an American economic recovery will brighten immediately.  Investors in America and especially Europe, where socialist tax assaults continue, will once again be inclined and incentivized to invest in America.

If you are one of the millions of American workers who have suffered long term unemployment or underemployment as a result of the failed “progressive” economic policies of the current administration and its “progressive” cohorts take heart, the first rays of the new dawn are just over the horizon.

http://mjfellright.wordpress.com/2012/07/27/before-the-dawn/

How’s That “progressive” Deal Working Out For You?

According to the Labor Department, jobless claims for unemployment benefits surged 34,000 to 386,000.  Figures for the prior week were revised upwards to 352,000 from the 350,000 previously reported.  This makes every time since the current administration seized power that previously reported unemployment numbers were later revised upwards.

Meanwhile, factory activity fell shy of expectations held by economic experts and contracted for a third straight month.  The new orders index is currently minus 6.9.  A reading below zero indicates contraction.  Two consecutive quarters of economic contraction means that after spending $878 billion taxpayer dollars on government “stimulus”, the U.S. economy will experience a double dip recession.  Of course “progressives” will insist the reason the “stimulus” spending failed is because the government did not spend enough.

Over 1.5 million older Americans have lost their homes, while millions more are in danger of losing theirs due to the unsolved, ongoing national housing crisis.  About 3.5 million older homeowners’ mortgages are underwater.  The “progressive” solution to problems caused by “progressive” government interference in the U.S. housing market?  Have the government refinance underwater mortgages.  Why not?  The U.S. debt is only $15,884,155,929,632.05 and climbing rapidly.  America has money to burn.

http://www.usdebtclock.org/

Home sales dropped by 5.4% in June to an adjusted annual rate of 4.37 million homes, the fewest since October 2011.  Despite 30-year fixed mortgage rates being the lowest since the 1950s, potential buyers are having difficulty qualifying for loans due to the weakening job market.  Without vigorous job growth, consumers may continue delaying the purchase of new homes.  Why is it the White House jobs panel has not met in six months?  Perhaps having such a meeting would cut into the current Oval Office occupant’s golf, fundraising and campaign appearance time.

The outlook for consumers is not good.  Driven by corn prices reaching near record highs due to drought in the Midwest, grocery bills will continue to rise.  Since corn and corn syrup are used in 75% of the products found in supermarkets, shoppers can plan on paying higher grocery bills.

How long will it be before for a “progressive” Senator, Representative or White House czar calls for the use of more corn in ethanol production?

Why be bothered with the population’s food supply when there is a planet to be saved from carbon gas.  Never mind that more “greenhouse gasses” are belched by volcanoes every year than the combined amount produced by humans since civilization began.  Besides, the people most likely to starve to death probably fit into one of the “progressive’s” genetically inferior categories anyway.

Speaking of alternative fuels, the administration’s taxpayer funded capital investments in “green energy” are going so well that the Amonix solar manufacturing plant in North Las Vegas closed after receiving $20 million in federal subsidies.  The announcement came only14 months after Senate Majority Leader Harry Reid endorsed the plant’s opening by heralding solar energy in Nevada, comparing it to Saudi Arabian oil.

On the foreign policy front, the Muslim Brotherhood is infiltrating the U.S. government while they seize power in Egypt and Libya.  Israel and Iran are rattling sabers over the Islamist government’s pursuit of nukes and the prospects of an Israeli military strike against Iranian nuclear facilities.

Russia and China joined forces to veto sanctions on Syria in a UN Security Council vote.  Afterwards, the White House called Russian President Vladimir Putin, Syrian President Bashar al-Assad’s main international supporter, about the deteriorating Syrian situation.  Not surprisingly, that call ended with the two of them divided over how to move forward.

This is what is known as: Not peace through strength.

Don’t worry.  The White House saved the day by announcing that the USDA and Mexico have decided to work cooperatively in promoting American food assistance programs, including food stamps, to Mexican Americans, nationals and migrants living in America.

How is this “progressive” hope and change deal working out for you?

http://mjfellright.wordpress.com/2012/07/19/hows-that-progressive-deal-working-out-for-you/

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