Posts Tagged ‘Economy’

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Politicians do what they want

Saturday, September 5th, 2009

Politicians have always been accused of flip flopping, but now, as is evidenced in the recent town-hall meetings, they have reached the point where they just plan ignore the voters wishes and desires and do whatever they want. They no longer claim to represent the voter, but represent themselves once elected.

Baron Hill (IN-09), refuses to allow his constituents to tell him how to run his office. I suppose being a Representative for him means ignoring the voters wishes.

‘Let me repeat that one more time. This is my town hall meeting for you. And you’re not going to tell me how to run my congressional office. Now the reasons why I don’t allow filming, is because usually the films that are done end up on YouTube in a compromising position.”

Of course, if he behaved like a Representative and didn’t do anything compromising, he wouldn’t be on YouTube so much in compromising positions.

Eric Massa (NY-29), also thinks he knows better than his voters.

“I will vote adamantly against the interests of my District, if I actually think what I am doing is going to help them… …I will vote against their opinion.”

“Every town-hall meeting, show of hands, 90% against and 10% for. Ok, got it, no problem. There comes a time when members of congress sometimes must vote against popular opinion because they know it is in the interest of their districts and the country…”

So Rep. Massa let’s the cat out of the bag. Congress-persons think they know better, they are the parents and will vote what they think is best. The voters aren’t grown up, or intelligent, or knowledgeable enough to know what is best for them. So the peoples representatives will vote their way, and not represent you and your needs. After being elected, they represent themselves, and their opinions and desires. The opinions and desires of the people aren’t worthy of being represented.

You can do something about it. Fill out and mail them the Tax Expenditure Allowance (TEA) form. Tell them where you want your tax money spent, and on what. Put your congressperson on an allowance, they are behaving like children and spending your money any way they please. The real adults in this country have to put the spoiled spendthrifts in Congress on a shorter leash.

If your share of taxes for the Federal Department of Education is to high for what you want or desire from them. Then lower the allowance congress gets for it. Make your share of taxes paid to that Department lower, and spend that money on a Department you think is underfunded. Or tell congress to use it to pay down some of the National Debt and stop borrowing from your children and grandchildren to pay for congressional pork. Pork for their friends and  family, paid for by money borrowed from your children and grandchildren.

TEA form at : http://www.braindeadrepublican.com/tea/tax_expenditure_allowance.html

http://www.youtube.com/watch?v=yJdsrByTV8U

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Posted in Government, Health Care | No Comments »

Tax Expenditure Allowance

Saturday, August 29th, 2009

Tax Expenditure Allowance

by Michael DeWeese

Permission is hereby given to reprint this article without permission according to the Attribution-Noncommercial-No Derivative Works 3.0 http://creativecommons.org/licenses/by-nc-nd/3.0/ . The article must be reprinted in its entirety including all links and be an exact copy of the original at: http://www.braindeadrepublican.com/Wordpress/economy/tax-expenditure-allowance/

The United States Congress seems to like to get voted into office and then spend the taxpayers money any way they see fit. Instead, the taxpayer should be sending a Tax Expenditure Allowance to congress directing them where each taxpayer wants their taxes they pay spent. A simple form to send in to Congress giving them an allowance to spend on each Department and Program according to your desires.

This is a paradigm shift. In the past, voters elected a legislator to represent them in congress to determine budgets and on what their taxes would be spent. It was to cumbersome with the technology available at the time this system was designed to run a large government any other way.

With today’s technology, such outdated methods to determine what each individuals taxes need to be spent on is archaic. Each individual can represent themselves in their general desires for the expenditure of their taxes they pay. A form can be filled out and sent to the federal government to be processed that has an individuals desires for where they give an allowance to each government Department or Program.

The details of the expenditure can be determined by their elected representative since most taxpayers lack the time or desire to micro manage the government entities. Determining how many new aircraft should be built or which bridges should be repaired is a tedious chore and can be delegated to legislators and bureaucrats.

Providing an overall allowance for the government agencies and programs as determined by the taxpayer, will do more to guide the legislator in where the taxpayer wants their money spent. With this process, people determine where their money is spent, and if they want more of their share to go to a particular project and less to another, they can do that. It could even be conceivable that folks who really care about the funding of a particular project can pay extra taxes to be designated to fund their pet projects.

No longer will Legislators get into office and spend taxpayer money on their personal pet program or agency, but will have to spend it on what the taxpayer wants funded, and not spend it on projects of no worth to the taxpayer. Now the legislators will need to justify to the taxpayer the reasons they should put in an expenditure allowance for them to spend on programs.  Once again, the legislators will be working for the taxpayer, instead of the taxpayer working to fund the legislators frivolous wishes.

And legislators that don’t support T.E.A. will do so because the people that vote for them, are people who pay no taxes and will be afraid they will not get any welfare from the ones that do pay taxes anymore.

Alexander Tyler – 17th century historian:

A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

From bondage to spiritual faith;
From spiritual faith to great courage;
From courage to liberty;
From liberty to abundance;
From abundance to complacency;
From complacency to apathy;
From apathy to dependence;
From dependence back into bondage.

From Barack Obama, August 28, 2008:

“the change we need doesn’t come from Washington. Change comes to Washington. Change happens because the American people demand it – because they rise up and insist on new ideas and new leadership, a new politics for a new time.

America, this is one of those moments.

I believe that as hard as it will be, the change we need is coming. Because I’ve seen it.”

Demand change. You are the American people, bring change to Washington.

If you don’t, more and more will be taken from you to pay for things that are frivolous and useless until you are taxed beyond your means. When America is taxed beyond her means.

John F. Kennedy understood the conundrum of high taxes. And that is where we will eventually go if we do not take a firm hand upon our employees in Congress and give them a strict allowance to spend where we want it spent. Legislators will simply continue to vote higher taxes, if not on income, then on consumption as a sales tax or a value added tax (vat). Let them know enough is enough. Tell them what you want your taxes spent on.

John F. Kennedy was at the Economic Club in New York in December of 1962.

He said:

“It is increasingly clear that…an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits. In short, it is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”

Another President understood more about the prospect of a government that looks after you than anyone. Letting the politicians take your money and spend it on what they think is good for you becomes truly frightening.

“The most terrifying words in the English language are, I’m from the government and I am here to help.”
Ronald Reagan

Any Departments or Programs that do not get enough of an allowance from the taxpayers get shut down. Maybe not immediately, perhaps a 10% reduction in funds per year maximum until they reach the taxpayers allowance level or are completely shutdown after 10 years.

Taxpayers can put their money where their ideals are. Want more money for education, tell congress to put a larger expenditure of your taxes into the Department of Education. Want more of your taxes to go for Police, Firefighters, give congress a bigger allowance towards the Department of Justice.

 There are 138,394,754 taxpayers (latest figures available are 2006) per year. Each taxpayer has an average tax share of $122,951.19 for 2009. It is time to take back control of your money.

Stop letting Congress put you and your children and your grandchildren into monstrous debt.

Stop letting the non productive vote in legislators to steal your families hard earned wealth and put your family into debt for generations to give them benefits they have not earned.

Stop letting your legislator tell you where they will be spending your money, fill out and send them the T.E.A. Form and tell them where you want your money spent.

Click here for a PDF, or OpenOffice copy of a T.E.A. form ( 5 pages ) to fill out and send to your Congressperson(s):

 

References and Links:

There are 31 Departments / Agencies / Programs that are funded by the 2009 Federal Budget.

There are 32 Departments / Agencies / Programs that are funded by the 2010 Federal Budget.

The United States federal budget for fiscal year 2009 was a spending request by President George W. Bush to fund government operations for October 2008-September 2009.

The President’s budget for 2009 totals $3.1 trillion. Percentages in parentheses indicate percentage change compared to 2008. This budget request is broken down by the following expenditures:

Mandatory spending: $1.89 trillion (+6.2%)
$644 billion – Social Security
$408 billion – Medicare
$224 billion – Medicaid and the State Children’s Health Insurance Program (SCHIP)
$360 billion – Unemployment/Welfare/Other mandatory spending
$260 billion – Interest on National Debt
Discretionary spending: $1.21 trillion (+4.9%)
$515.4 billion – United States Department of Defense
$145.2 billion(2008*) – Global War on Terror
$70.4 billion – United States Department of Health and Human Services
$59.2 billion – United States Department of Education
$44.8 billion – United States Department of Veterans Affairs
$38.5 billion – United States Department of Housing and Urban Development
$38.3 billion – State and Other International Programs
$37.6 billion – United States Department of Homeland Security
$25.0 billion – United States Department of Energy
$20.8 billion – United States Department of Agriculture
$20.3 billion – United States Department of Justice
$17.6 billion – National Aeronautics and Space Administration
$12.5 billion – United States Department of the Treasury
$11.5 billion – United States Department of Transportation
$10.6 billion – United States Department of the Interior
$10.5 billion – United States Department of Labor
$8.4 billion – Social Security Administration
$7.1 billion – United States Environmental Protection Agency
$6.9 billion – National Science Foundation
$6.3 billion – Judicial branch (United States federal courts)
$4.7 billion – Legislative branch (United States Congress)
$4.7 billion – United States Army Corps of Engineers
$0.4 billion – Executive Office of the President
$0.7 billion – Small Business Administration
$7.2 billion – Other agencies
$39.0 billion(2008*) – Other Off-budget Discretionary Spending
The financial cost of the Iraq War and the War in Afghanistan are not part of the defense budget; they are appropriations.

$75.8 billion – Supplemental and Emergency spending ($70 billion for Global War on Terror - and $5.8 billion for Gulf Coast Hurricane relief)

Along with this is a Debt. With projected receipts significantly less than projected outlays, the budget proposed by President Bush predicts a net deficit of approximately 407 billion dollars, adding to a United States governmental debt of about $10.2 trillion.

Details of the 2009 Federal Budget are at http://www.gpoaccess.gov/usbudget/fy09/pdf/budget/tables.pdf .

 More budget information at http://www.whitehouse.gov/omb/budget/fy2009/budget.html .

The President’s budget for 2010 totals $3.55 trillion. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the following expenditures:

Mandatory spending: $2.184 trillion (-17.9%)
$695 billion (+4.9%) – Social Security
$453 billion (+6.6%) – Medicare
$290 billion (+12.0%) – Medicaid
$0 billion (-100%) – Troubled Asset Relief Program (TARP)
$0 billion (-100%) – Financial stabilization efforts
$11 billion (+275%) – Potential disaster costs
$571 billion (-15.2%) – Other mandatory programs
$164 billion (+18.0%) – Interest on National Debt
Discretionary spending: $1.368 trillion (+7.0%)
$663.7 billion (+12.7%) – Department of Defense (including Overseas Contingency Operations)
$78.7 billion (-1.7%) – Department of Health and Human Services
$72.5 billion (+2.8%) – Department of Transportation
$52.5 billion (+10.3%) – Department of Veterans Affairs
$51.7 billion (+40.9%) – Department of State and Other International Programs
$47.5 billion (+18.5%) – Department of Housing and Urban Development
$46.7 billion (+12.8%) – Department of Education
$42.7 billion (+1.2%) – Department of Homeland Security
$26.3 billion (-0.4%) – Department of Energy
$26.0 billion (+8.8%) – Department of Agriculture
$23.9 billion (-6.3%) – Department of Justice
$18.7 billion (+5.1%) – National Aeronautics and Space Administration
$13.8 billion (+48.4%) – Department of Commerce
$13.3 billion (+4.7%) – Department of Labor
$13.3 billion (+4.7%) – Department of the Treasury
$12.0 billion (+6.2%) – Department of the Interior
$10.5 billion (+34.6%) – Environmental Protection Agency
$9.7 billion (+10.2%) – Social Security Administration
$7.0 billion (+1.4%) – National Science Foundation
$5.1 billion (-3.8%) – Corps of Engineers
$5.0 billion (+100%) – National Infrastructure Bank
$1.1 billion (+22.2%) – Corporation for National and Community Service
$0.7 billion (0.0%) – Small Business Administration
$0.6 billion (-14.3%) – General Services Administration
$19.8 billion (+3.7%) – Other Agencies
$105 billion – Other

More details at http://www.whitehouse.gov/omb/assets/fy2010_new_era/A_New_Era_of_Responsibility2.pdf .

Detailed information can be found at http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html .

Congressional Budget Office Projections. http://www.cbo.gov/ftpdocs/100xx/doc10014/Chapter1.5.1.shtml

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Government Healthcare Cost Cutting Now

Monday, July 6th, 2009

In a town hall meeting on July 1st 2009, Dear Leader ZerO met Exhibit ‘A’ of how the government controls health-care costs. Debbie Smith is suffering from Renal failure and is allegedly unable to work. But the government no longer considers Renal failure a disability (cost cutting) and she can not get Medicaid assistance to pay for her medical needs. This is the result of government efforts to cut medical costs. Today the government denies disability and medical assistance to a woman with Renal failure, tomorrow they delay tests and biopsies for suspected tumors, and the day after tomorrow they deny procedures and drugs for people deemed non productive for society. This is what government health-care cost cutting means. A bureaucrat decides what is and isn’t a medical disability, prudent preliminary test, or a necessary procedure.

Debbie Smith said: (from http://www.whitehouse.gov/the_press_office/Remarks-of-the-President-in-an-Online-Town-Hall-on-Health-Care-Reform/ )

“Good afternoon, Mr. President.  I’ll try not to cry.  I’m trying to figure out what I can do currently.  My situation is I had renal cell carcinoma in ‘98 that was radiated, because my dad was dying of colon cancer at the time, and I was his health care server on his living will, so I could not be tied up having my kidney removed.  So they did radiation procedures to kill the tumor then.  And I had insurance and everything was taken out. 

     But basically because of the damage that the radiation did in things, I’m no longer able to work and I have no health insurance.  Now I have a new tumor.  I have no way to pay for it. Doctors will not see you without paying $100 or $150 to come into their office.  I can get checked into a hospital — under their program, they will run tests and release me, but that costs a lot of money.

     So currently I basically — Social Security will not give me disability because renal failure is no longer a qualifying factor under Social Security currently.  I cannot get Medicaid from the state of Virginia because you have to be considered disabled through Social Security to qualify for Medicaid in the state of Virginia because I have no dependent children at home — it’s just me.  I get food stamps, but that’s it.  And I’m just trying to figure out how I’m going to make it in nine years until I’m qualified to get my regular Social Security — now that I have a new tumor and I have nowhere to turn.”

As Dear Leader ZerO has stated in the past. We need to control costs, why should we pay for extra tests when they aren’t really needed. Tests and treatments that your doctor may need to eliminate a possible ailment origin as well as to determine the cause.  Or a test that can lead to early discovery of a disease not even contemplated. They aren’t really needed.

On June 15 2009: (http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-to-the-Annual-Conference-of-the-American-Medical-Association/ )

Dear Leader Zero:

“treatments that, in some cases, they don’t really need”

Of course, government control of costs is all about finding what works.

Dear Leader ZerO:

“identifying what works is not about dictating what kind of care should be provided.”

Of course it isn’t about ‘control’ or ‘dictating’ what is and is not allowed due to costs. It is about what ‘works’. According to some bureaucrat.

Dear Leader ZerO does advocate better medical information sharing and computerization of medical records to help modernize the medical profession and cut costs through better efficiency. A program proposed by President Bush during his State of the Union address in February 2005, and signed into law by President Bush with full implementation by 2014. President Bush was following up on an idea begun by his father President George H. W. Bush which hit a lot of snags due to concerns about privacy of the electronic records. Although Dear Leader ZerO yearns to take credit for it. (from http://www.whitehouse.gov/the_press_office/Remarks-by-the-President-to-the-Annual-Conference-of-the-American-Medical-Association/ )

Dear Leader Zero:

“First, we need to upgrade our medical records by switching from a paper to an electronic system of record keeping.”

But his top priority is control. By government top down central control of the Medical delivery system. The operative phrase here is ‘government control’.

On June 23 2009: (from http://www.whitehouse.gov/the_press_office/Press-Conference-by-the-President-6-23-09/ )

Dear Leader Zero:

“What I’ve said is, our top priority has to be to control costs. And that means not just tinkering around the edges. It doesn’t mean just lopping off reimbursements for doctors in any given year because we’re trying to fix our budget.”

It means control by eliminating options that the government does not have control over. Like private enterprise. Like freedom of choice. It means giving Americans an offer they can not refuse like the Public Health Program.

The Public Health Program option is a rigged game. Like Fannie Mae and Freddie Mac, this Government agency will look on the surface to be an independent entity, but in fact will be a toy of the members of Congress that are on the oversight committee. They will appoint cronies to oversee it and manage it. Giving them bonuses and incentives to cut costs to look good on one hand, and subsidizing their revenue shortfalls from the cost cutting with tax money on the other. No private Insurance program of any kind will be able to compete with a company that can print it’s own money to be profitable. In short order, the only option will be the Public Health Program option, and the controlled costs of any medical care you may need.

What we should have is less stifling of the Health Insurance industry in inter state commerce so that people in each state are not limited to only the local insurance companies where there may only be a few or even just one offering. The extra competition will lower costs of insurance and expand the diversity of products offered.

What we need is the addition of a tax exemption for Insurance costs on an individual level equal to the tax exemption businesses enjoy.  That would allow individuals to purchase the insurance of their choosing while not eliminating the advantages business have in offering a health insurance benefit to attract employees.

Individuals should be allowed to partner with their employer to allow the business the tax advantage if they pay all or part of the insurance premium. At the same time allowing the individual mobility to carry the insurance to a new job when needed that may not offer any health insurance benefits.

Vouchers for insurance premiums for low income families to purchase a policy could be designed similar to the food stamp program model. Approved Insurance plans would be offered to anyone using the voucher system to prevent fraud and abuse. Some states already use a system of approved Insurance plans with premiums paid for by the Medicaid program instead of being a direct payer.

Everyone will have the freedom to choose their benefits they want, the doctor they like, and have the ability to switch plans if they are not being served adequately.

The best way to control medical costs would be if everyone paid out of pocket for medical care and by necessity had to shop for the best medical care for the purchase amount. Insurance and Government programs do not provide for consumer oversight of medical costs like individual direct payment would, but with medical costs as high as they are for even minor ailments, it would be beyond the means of most family budgets to be direct payers of medical costs. We have to rely on a common pool of funds. The proposition is if we rely on one government controlled fund, or on a choice of many Insurance funds.

Our future will be one Government controlled program when Dear Leader Zero implements his medical cost controls and Public Health Program ‘option’. More and more people will be like Debbie Smith. When more ailments are added to the list of inadequate diseases to qualify for treatment, like renal failure no longer qualifies for disability, all to cut costs. We will all be unable to qualify for medical disability. Or we will be waiting for tests. Or we will be in line for approval for a review of a preliminary exam for the necessity of an operation for a life threatening ailment.

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Obama the Medicine Man

Monday, July 6th, 2009

The Messiah calls them from all over. The hopeful, sick from diabetes, arthritis, cancer, and every other disease and ailment known to mankind. All of them seeking the Messiah that can divine what ails them and cure them. But like any good Faith Healer or Medicine Man, there is something going on behind the curtain.

On July 1st, 2009, Dear Leader ZerO held an ‘open, on-line’ town hall meeting to get honest unscripted questions from the public at large about his Health-care plan. His staff prescreened the questions posed online through Youtube, Facebook, and Twitter. No doubt to make sure they gave Dear Leader ZerO the hard insightful questions asked about his health-care plan. Questions about the costs in money and debt. The queries about procedures and tests that would be rationed, forbidden or delayed to cut costs.

In the town hall audience, three lucky people where given a chance to ask their questions. Exhibit ‘A’ was Debbie Smith, from Organizing for America.  The second was Jason Rosenbaum, who works for Health Care for America Now. The third was an unnamed Service Employees International Union employee.

Debbie Smith may be “unemployed”, but that hasn’t stopped her from working for the Obama campaign as a volunteer at Organizing for America. Organizing for America is the Obama election machine that used to be called Obama for Change. They renamed themselves and moved under the auspices of the Democratic National Committee. Debbie Smith has also identified herself as a worker for the Virginia Organizing Project. Perhaps if she spent less time working her two jobs for Dear Leader ZerO, she would have the time to get a job for someone that actually paid wages and benefits. Instead of trying to help someone steal money from other hard working people to pay for her unemployment and health benefits.

Among Debbie Smith’s unemployed accomplishments she moderated “a community discussion on health care issues” in Appalachia, Va. during December 2008. She told the local paper at the time the meeting “would be reported back to former Sen. Tom Daschle”. Forming a committee to report to on health-care issues was a prime directive given Senator Tom Daschle by then President-elect Barack Obama. He is in constant contact with Dear Leader ZerO’s team. Daschle told The Associated Press in a recent media meeting on health-care reform, “We interact with them daily.” This despite his failed Health and Human Services Cabinet-nomination. Since he can’t be a Cabinet member, he can be a secret Health Czar.

Jason Rosenbaum works for the George Soros linked lobbying project in Washington, D.C. called Health Care for America Now (HCAN). This is a K Street Lobby Group with a $40 million budget to lobby Congress for government-run health care. Debbie Smith’s second job, Virginia Organizing Project has been coordinating trips and healthcare forums with Jason Rosenbaum’s HCAN.

The unnamed questioner was from Service Employees International Union. A former SEIU health-care lobbyist by the name of Patrick Gaspard is now White House director of the Office of Political Affairs. The SEIU president is Andy Stern who boasted gleefully of spending nearly $61 million in dues money paid by SEIU members to elect Barack Obama. No doubt a wise investment. Spending money that isn’t yours to help Dear Leader ZerO get elected so that SEIU employees could get free benefits paid for by taxpayers. Not having to pay them from Union dues, Andy Stern would have more SEIU money to support more political cronyism.

No doubt this audience was not stacked with plants and shills at all and represents Americans and the questions they have 100%. We all are either volunteers for Dear Leader ZerO, or we are lobbyists working on Dear Leader ZerO’s agenda, or we are employees of a Union that spends our dues to support Dear Leader ZerO.

 

http://www.youtube.com/watch?v=1kcTcR4Zs-4

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Dear Leader ZerO Ecstatic House Passes Cap and Trade

Thursday, July 2nd, 2009

Dear Leader ZerO said that he will not raise taxes for anyone making under $250,000. He has a way to do it through the back door. You will pay more for energy and anything that energy is needed to make (everything). He will tax the Energy companies and they will charge you more. The Energy company pays a tax, you just pay higher bills.

As Dear Leader ZerO said in an interview in January 2008 with the San Francisco Chronicle:

“When I was asked earlier about the issue of coal…under my plan of a cap and trade system, electricity rates would necessarily skyrocket…even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money…they will pass that money on to the consumers.”

Your electricity bill will go up by 90%. If you are paying $300 a month now, you will have to pay $570 a month after this “non tax” is signed into law.

The cost of gasoline will go up by 58%. A gallon of gas that now costs $2.64 will cost you $4.17 a gallon.

On average, every families energy costs will go up by $1,241 per year on average. That is an extra $103.42 per month you will have to pay. But mind you, it is not a new tax on anyone making less than $250,000 a year. Just a way for you to pay more to your gas station or more on your electric bill. The tax is being paid by them, not you.

Reference : http://www.heritage.org/Research/EnergyandEnvironment/wm2450.cfm

The House of Representatives bill is H.R. 2545, sponsored by Representatives Henry Waxman (D-CA) and Ed Markey (D-MA).

On June 26, 2009 the United States House of Representatives passed  H.R. 2545, the “American Clean Energy and Security Act”. 219 Representatives voted for it, 212 against. If your Representative voted for it, they should be fired.

http://clerk.house.gov/evs/2009/index.asp

http://clerk.house.gov/evs/2009/roll477.xml

The United States Senate has to pass their version now. You can help stop this hidden back door tax by contacting your Senator now.

United States Senator Directory:

http://www.senate.gov/general/contact_information/senators_cfm.cfm

Call your Senator now.

http://www.youtube.com/watch?v=MCde5haxalA

http://www.youtube.com/watch?v=MZrxuvyENJY

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Nearly 9 Million Jobs to be Destroyed or Lost from The Recovery Act

Saturday, June 20th, 2009

Dear Leader Zero force fed America a Pie in the Sky with his Recovery and Reinvestment Act. He claimed it would save or create nearly 3.7 million jobs by the end of 2010 compared to the projections for doing nothing to stimulate the economy at all. In fact, it has already caused the destruction and loss of over 2 million jobs beyond what we would have lost if NO Recovery and Reinvestment Act had been passed and will destroy nearly 9 million by September of 2010.

The Chart he used to claim the Recovery and Reinvestment Act showed that with his plan, unemployment would be leveling off by now and be under 8%. Without the Recovery plan, we would be at about 8.2% unemployment right now. Dear Leader ZerO’s experience in economics and business assured the Obamabots in Congress that they would save America from a peak of 9.1% unemployment without the Recovery Plan and keep America under a peak of 7.9% unemployment.

The document his Economic team prepared which includes the chart is at:

http://otrans.3cdn.net/45593e8ecbd339d074_l3m6bt1te.pdf

unemployment-rate-with-and-without-the-recovery-plan-3

Of course, this was all just a shame to sell the Progressives wish list of projects and programs as well as to pay off the organizations that helped him obtain the Presidency. $8.5 Billion for Community Organization Groups like his beloved ACORN and it’s 220 front companies, and the like minded entities such as Americorps. Of course, we can’t have any Inspector Generals actually investigate wether that money is being wasted or not and possibly bring criminal charges up for any of Dear Leader ZerO’s friends and supporters  ( http://blogs.abcnews.com/politicalpunch/2009/06/president-obama-fires-controversial-inspector-general-.html , http://www.foxnews.com/story/0,2933,526650,00.html ).

The actual unemployment numbers tell us the real story. May 2009 unemployment of 9.4%. Not only is he NOT saving or creating jobs with his Recovery Plan, but he is destroying them, to the tune of over 2 million so far. The red dots are the actual unemployment rates for the months since the passage of the Recovery Plan.

unemployment-rate-with-adn-without-the-recovery-plan-4

Now we get into a whole new chart, because reality is going to be off of Dear Leader ZerO’s chart. Based on the actual unemployment rate and projections, we add a 3rd line to the graph and we have a new chart.

unemployment-rate-w-and-wo-recovery-act-and-actual

Now we are looking at a peak of 14.8% unemployment in September of 2010. We also see we are going to do much worse WITH the Recovery Plan than if we had not spent $787 Billion on Progressive boondoggles.

This brings us to the meat of the numbers. Dear Leader ZerO based his ’save or create 4 million jobs’ on how many jobs would be in the space between his red line for the Recovery Act and the yellow line for how many jobs would be lost without his Recovery Plan. This space represents jobs ’saved’ if he really knew what he was doing and wasn’t just giving America a Snow Job to get his Progressive pals their payback.  The projected job savings from the Recovery Act would peak in September of 2010 with a savings of 2,946,539. Based on a Civilian Labor Force of 155,081,000 (May 2009 BLS  http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=LN_cpsbref1 ).

The benefits of Dear Leader ZerO’s Recovery Plan would not even have met his 3.7 million saved or created predictions. Not even close, it would have been just under 3 million. For it to have met the 3.7 million mark, the Civilian Labor Force would have needed to grow from 155 million to 191 million in less than 2 years time and that would be a very generous projection on the Obamabots part.

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In reality, the truth is that his Recovery Plan has already destroyed or lost an additional 2,171,134 jobs over what we would have had without anything being done at all. That would be the space between the yellow line for what the economy was going to do without his Recovery Plan, and the blue line that shows what his Recovery Plan is actually doing for the Economy.

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Total unemployment at the end of May 2009 was 14,511,000. Dear Leader Zero’s Recovery Plan increased by 15% the amount of people unemployed that would have been without a job if nothing at all had been done. The predicted jobs destroyed and lost from the Recovery Plan will peak in September of 2010 with an extra 8,839,617 unemployed. That is on top of the 14,112,371 we where going to loose anyway from the recession for a total of 22,951,988 jobless in September of 2010!

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The projections for the future have a margin of error, that gets larger as we try to predict further into the future. All of these projections are slightly more valid than a crystal ball reading, but not by much. The Gray area is the area of uncertainty, where in fact, anything can happen.

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The margin of error would be a large amount as we try to predict past tomorrow. We can still avoid the 14.8% peak if Congress reigns in the spending on boondoggles that produce only make work and no real jobs. It does not make a strong American economy if the government pays one man to shutdown a water pump and put 80,000 other people out of work ( http://www.foxnews.com/story/0,2933,519818,00.html ).unemployment-rate-w-and-wo-recovery-act-and-actual-8

Considering his accuracy with the Recovery Plan, I would not bet much on any predictions for any of his other projects. Dear Leader ZerO will print money to be able to spend the $787 billion for his Recovery Plan and that will lead to huge inflation as that money comes into the economy. Dear Leader ZerO will probably outdo Jimmy Carter’s 10.75% peak inflation as he tried to spend his way out of a recession as well.  Although Jimmy Carter’s peak unemployment was only 7.8%, it was trending up as he left office in 1981 and it took years of tax cuts and government spending cuts to bring unemployment back to a reasonable 5% by March of 1989. I expect we will be in for high unemployment through 2014 and beyond with high inflation for a chaser as Dear Leader ZerO repeats Jimmy Carters mistakes. He is trying to expand his Progressive agenda while claiming to be spending his way out of a recession. He may even meet Franklin D. Roosevelt’s record and usher in a new Great Depression.

Video at

 

http://www.youtube.com/watch?v=BfJjHP8XDQ0

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Science Advisor John Holdren admits Administration has no clue on Global Warming

Thursday, April 9th, 2009

In an interview on April 8, 2009, John Holdren, Dear Leader’s Science Advisor states:

“We don’t understand the system well enough to predict it’s responses in detail.”

Now, I am somewhat confused. I have been brainwashed and brow beaten by Al Gore and his ‘consensus’ of experts to believe that they have this Global Climate System all down to a predictable science. They know EXACTLY what the response the system will have to certain carbon dioxide and other greenhouse gas levels will be. The seas will rise, no, wait, Dear Leader is President now. This will be the beginning of the Earth Healing and the rising sea levels receding.

Of course John Holdren knows exactly what will happen:

“That means there is always a danger if you try to engineer the system on a large scale that you will do something that will have side effects that are worse than the dimension of the problem you’re trying to cure.”

So, let’s get right on that ‘fix’ for a system we don’t understand and see what kind of dangerous side effects we can get that we can’t predict. I can’t wait to see what we get.

It makes me wonder. But I need not worry. I am sure, absolutely certain, I tell you, that Dear Leader’s Economic advisers understand the capitalist system just as well as his Science advisers understand the climate system. It’s not like someone on the team can’t figure out how to use a common tax preparation software program.

So when they tell me that the Cap and Tax Carbon policy will be great, I have HOPE. I am sure there will be no dangerous unpredictable side effects for the Economy of the World. Besides the predicted $1800.00 extra cost for energy per year per household in America. That can’t be worse than high gas costs that helped people fall behind on their mortgages and cause a near Global Economic Meltdown.

http://www.youtube.com/watch?v=dL2CPAR3d8s

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Butterfly Effect

Monday, October 6th, 2008

A butterfly effect, a small butterfly flutters it’s tiny wings and the small puff grows and develops over time into a huge hurricane.

The Butterfly

- Community Reinvestment Act revisions of 1995 by Bill Clinton, inventing the ’sub prime’ loan. A social engineering regulation to force banks to provide mortgage loans to poor risk of repayment buyers. This revision changed “traditional lending requirements such as requiring a down payment or limiting mortgage payments to 28 percent of income.” The Boston branch of the Federal Reserve, said these were “arbitrary” and “outdated”.

- After relaxing lending standards, President Bill Clinton’s administration’s goal of having 67.5 percent national home ownership by 2000 was exceeded.

- A redlining investigation by Clinton’s secretary of Housing and Urban Development, Andrew Cuomo, of Fannie Mae entailed the proposal that 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Economic Storm

- Credit Default Swaps were invented in 1997 by a team working for JPMorgan Chase. They were designed to shift the risk of default to a third party, and were therefore less punitive in terms of regulatory capital.

- Credit Default Swaps became largely exempt from regulation by the SEC and the CFTC with the Commodity Futures Modernization Act of 2000, which was also responsible for the Enron loophole. President Clinton signed the bill into Public Law (106-554) on December 21, 2000.

- The S. 900 [106th]: Gramm-Leach-Bliley Act of 1999 which deregulated parts of the Glass Steagall Act. Passed the Senate on Nov. 4 1999, The total votes were 90 Ayes (Joe Biden among them; 36 Democrats, 44 Republicans), 8 Nays, 1 Present/Not Voting (John McCain). The Act passed the House on Nov. 4 1999. The total votes were 362 Ayes (Nancy Pelosi among them; 152 Democrat, 210 Republican), 57 Nays (Barney Frank among them), 15 Present/Not Voting. No amendments regarding changes to CRA certification of banks where allowed as the Clinton Administration stressed that it “would veto any legislation that would scale back minority-lending requirements.”

- Community Organizing groups like ACORN (Association of Community Organizations for Reform Now)push banks to make CRA compliant loans. ACORN proudly touted “affirmative action” lending and pressured banks to make sub-prime loans. This is where Barack Obama learned his Executive skills. He funneled money to ACORN from the the Foundations he chaired or headed which funded ACORN’s push for sub prime lending. He trained ACORN activists in how to pressure banks into giving CRA loans.

Category 1 Economic Hurricane

- Easy Credit after 9/11. Interest rates where kept deliberately low after the Terrorist attack to bolster economic growth and consumer confidence.

- Congressman Barney Franks vouches in 2003 for the “soundness” of Fannie Mae and Freddie Mac, and said “I do not see” any “possibility of serious financial losses to the treasury.” He declared that the federal government has “probably done too little rather than too much to push them to meet the goals of affordable housing.”

- Rep. Maxine Waters, D-Ca, said in a Sept. 25, 2003 hearing of the House Committee on Financial Services, “We do not have a crisis at Fannie Mae and in particular Freddie Mac under the outstanding leadership of Frank Raines.”

Category 2 Economic Hurricane

- Commodity prices, among them oil, begin a climb to highs that are multiples of 2000 prices.

- In a 2004 hearing, Rep. William Lacy Clay, D-Mi, tried to inflame and misdirect an investigation that found illegal activity at Fannie Mae by calling it a ”lynching,” . Both Clay and Fannie Mae CEO Franklin Raines are African American.

- Lobby money from Fannie Mae/Freddie Mac is paid out to supporters. Obama managed to become the third biggest all-time recipient of Fannie Mae/Freddie Mac PAC and Lobby money after only three years in the Senate, $105,849.With a 30 year head start, Democratic Sen. Chris Dodd, was number one in receiving loot from Fannie Mae/Freddie Mac, $133,900.

- Any attempt to create any regulatory legislature was derailed by lobby pressure from Fannie Mae and Freddie Mac. Efforts started in 2004/2005 to put them under the supervision of a world class regulator at a new agency within the Department of the Treasury among them. John McCain signed onto this as a co sponsor in 2006. The changes where blocked in committee or by other means for the reasons stated by Representative Frank, Barney H D-MA, who received $40,100 from Fannie Mae/Freddie Mac, He said “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Representative Mel Watt(D-NC) added “I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing.”

Category 3 Economic Hurricane

- FASB 157 goes into effect Nov. 15, 2007. An accounting change that changed asset values to Mark – to – market means devaluing assets to their current market value and not the maturity book value. Devaluing assets in a soft market even if there are no plans to sell the asset in a soft market.

- Housing Bubble bursts. Joe Biden endorsed bill to revise the bankruptcy laws passes. In 2005, Senior Senator Joe Biden helps develop democratic support for the Bankruptcy Abuse Prevention and Consumer Protection Act. Notice the misleading name Consumer Protection Act, I love how congress always names laws that will harm someone as a law that will protect them. This law prevents saving a primary house by renegotiating the mortgage loan when you file for bankruptcy if you own the house less than 730 days. Now people who bought houses they couldn’t afford in the first place and now can’t pay their bills, will lose their house and any money they put into it. Many houses enter the market with no one able to buy them. Prices of homes begin to plummet.

- Government passes a $150 billion in a stimulus package for the nation.

- Government bailout of $29 billion for the bad assets of Bear Stearns to entice J.P. Morgan to buy the investment bank .

- Government bailout of $85 billion for 80 percent of AIG.

- Government bailout of $300 billion for Fannie Mae and Freddie Mac.

Category 4 Economic Hurricane

- $700 Billion rescue plan enacted in America to purchase the assets containing the sub prime mortgages banks where forced to make because of the Community Reinvestment Act.

- On Sept. 25. 2008, in an appearance by Bill Clinton on ABC’s “Good Morning America” . There was reference to his party’s reluctance to place more restrictions on Fannie and Freddie. Bill Clinton said, “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

Category 5 Economic Hurricane

World wide depression of capitalist based democracies. Rise of Islamofascists in the middle east in countries rich from oil revenue. Rise of Socialist bastions in South America similarly enriched from oil revenues. A scenario similar to the 1930’s and the rise of Nazi Germany and Imperial Japan.

Other Social engineering butterflies upsetting the economy. 

Regulations for Biofuel Subsidy is already causing;

- Higher Food costs

- Famine in Haiti

Regulations against Nuclear Power Plants.

Regulations against American territory oil drilling.

What will their category 5 status look like?

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Rise of the Emperor

Wednesday, September 17th, 2008

The ultimate strategy to gain power. Create an economic mess by passing laws ostensibly to equalize social disparity. Count on human nature to not remember the details of what you did after a year or two and be able to connect the consequences to the cause. Foster the birth of the ills onto your enemy when they come to fruition, and then promise the harmed voters you can make the changes to correct them if they join you. Sway the non devoted with promises to buy their vote with lower taxes or more government handouts. Obtain the power.

The sub prime mortgage debacle started with Bill Clinton and his congress lowering the mortgage acceptance requirements of borrowers by passing changes to the Community Reinvestment Act in 1995 (http://en.wikipedia.org/wiki/Community_Reinvestment_Act). This lowered the income and verifications needed for credit worthiness for mortgage loans by creating a new class of loans, sub prime mortgages. This law was passed to remove regulations because of a mortgage loan approval disparity between whites and minorities. Loan approval rates of 72% for minorities and 89% for whites was being called evidence of racial discrimination by lenders. A Democratic social engineering of business practices was needed right away!

Because the regulations allowed anyone of any race access to the lower standards, the ratio of white to minority of a loan acceptance did not change. As many poor whites where getting loans as poor minorities. To try to get the ratio to be even, more and more loans where given to people with fewer and fewer verification checks made on them. All in an attempt to try to meet the requirements by law to have as many loans accepted from minority borrowers as white borrowers. Eventually the minimum loan requirements became a signature with claims of income and no verification. Finally, loan acceptance equity, 100% for everyone.

So mortgages become easier to get. Unfortunately, no one preplanned for a large amount of new first time buyers. Demand for houses went up, but the amount of houses available had not been built up to accommodate this extra demand. The price of houses started to go up faster than normal as the laws of low supply and high demand took effect. As the price of houses went up quickly from year to year, prices escalated ferociously at 85% from 1996 to 2006, builders tried to increase the supply to meet the demand. Mortgage originators accepted any and all loan applicants. Soon, the speculators noticed the quick rise in home prices, and began buying houses to sell a few months later for a profit. This added to the demand and the rise in home prices.

Everyone was happy. Builders sold houses as fast as they could build them. Mortgage bankers where loaning money as fast as they could get new money to loan. Poor people who couldn’t have paid for a house before the prices went up could easily qualify for a house now.

In 2005, Senior Senator Joe Biden authors the Bankruptcy Abuse Prevention and Consumer Protection Act. Notice the misleading name Consumer Protection Act, I love how congress always names laws that will harm someone as a law that will protect them. This law prevents saving a primary house by renegotiating the mortgage loan when you file for bankruptcy if you own the house less than 730 days(http://en.wikipedia.org/wiki/Bankruptcy_Abuse_Prevention_and_Consumer_Protection_Act). Now people who bought houses they couldn’t afford in the first place and now can’t pay their bills, will lose their house and any money they put into it.

Suddenly everyone is not happy. Builders can’t sell anything they are building. Mortgage bankers can’t get anyone to pay the loans they have. Homeowners are Homeowners no more and have no credit to continue to be good consumers either.

The economy tanks. Construction companies lay off workers and stop buying material. Material suppliers go out of business. Mortgage bankers suffer huge losses. Bankers go out of business or get bailed out by the government if they have the lobby power. News of economic slowdown spreads and puts the fear of insecurity into the population. The slowdown is overexagerated by the Democrats and hyped as a recession so bad that they haven’t seen things this bad since the Depression. It isn’t, remember President Jimmy Carter saddled America with 21% inflation and 12% unemployment. The Democrats fool the regular population into believing the they are the only ones who saw the problem coming and they could fix it if voted into office. Well, I suppose they did see it coming and know how to fix it, they created it.

Although one man did suspect a problem and tried to prevent it. Senior Senator John McCain introduced a significant regulatory overhaul in the housing finance industry since the savings and loan crisis from ten years before. He wanted to place two of the primary agents guaranteeing subprime loans, Fannie Mae and Freddie Mac under the supervision of a new agency within the Department of the Treasury. Democrats prevented passing the changes, Representative Barney Frank(D-MA) said “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Representative Mel Watt(D-NC) added “I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing.” The Democrats had prevented the plan from being unraveled.

The person that was destined to reap the rewards and be able to win the White House, Hillary Clinton, was usurped in her run by a newcomer. Although a bitter battle was fought by her to be able to claim the bounty of the plan, it was not to be. Junior Senator Barack Obama soon became the new anointed one to lead the party because of his superior speaking charisma. He was presented to the populace with as much ceremony and aplomb as possible on August 28, 2008 so that no one would doubt he is ‘the one’. Senior Senator Joe Biden is given to him as Vice President. This is Joe Biden’s reward for helping make some of the bankruptcy reform laws that would enable the Democrats to claim a poor economy.

A nice strategy. Pass laws to make the economy drop through the floor. Blame your enemy for all the ills you concoted behind the scenes, laws that normal people, especialy the young, will not have knowledge of or remember. Offer up promises of change and hope because you are the one they have been waiting for to fix the problems. Promise more money for the voters on the fence by lowering taxes to buy their vote. Ask for more governmental control and power to regulate so this mess doesn’t occur again. They should make a movie with a plot similar to this, it would be great.

May the Force be with you, John McCain.

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What’s more important?

Sunday, August 3rd, 2008

What’s more important? What your neighbors think of you, or putting food on your child’s dinner plate?

Prince Kumbaya.. I mean Junior Senator Barack Obama is “improving America’s standing in the world.” so that everyone will smile at him and sing “Kumbaya”. Visiting Europe, skipping the visit to the wounded sons and daughters of America, to give speeches expounding his vision of a world with no walls between it’s neighbors.

Iron McCain is pushing for offshore oil drilling so folks can afford to drive to work and bring food home to their family. He wants to keep taxes on small businesses as low as possible, so they can employ as many people as possible.

Is a “symbol of America” with a honeyed tongue and a princely look going to bring food to the table?

Provide for more domestic oil drilling, increase the jobs in oil exploration, oil drilling, oil refining, transportation of oil as well as jobs in oil byproduct industries (plastics, pharmaceuticals, fertilizers, among others).

$700 billion dollars a year going to overseas economies, how many jobs will that buy in our domestic economy? How much of an economic stimulus for America will that be?

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