Showing posts with label Government is the problem. Show all posts
Showing posts with label Government is the problem. Show all posts

Monday, August 1

Statists in both parties selling out the American people

"Sales pitch" is right, since the greedy fiends in both parties are selling out the Republic. At least China might find a bargain or two.

When passed, this deal with the Marxist devil will be the largest debt-limit increase in American history (it and the second-greatest both coming during the Obama reign). To illustrate how depraved our politicians have become, the United States treasury lacked the legal authority to hold a total debt of $2.4 trillion until 1987. This is a $2.4 trillion increase.

John Boehner's right about something else: His deal with Obama doesn't violate any of the principles exhibited in recent years by the Republican establishment. It's too bad that burying the nation, our children, and our children's children into perpetuity under crushing debt doesn't violate any of their "principles."

Subversive, exploitative fools. Emasculating America removes the only bulwark protecting them from the barbarians. I suppose they're hoping to ingratiate themselves to their new masters by feeding on whatever's left of us.
"There is nothing in this framework that violates our principles," he [Speaker Boehner] said. "It’s all spending cuts. The White House bid to raise taxes has been shut down. And as I vowed back in May – when everyone thought I was crazy for saying it – every dollar of debt limit increase will be matched by more than a dollar of spending cuts. And in doing this, we’ve stopping a job-killing national default that none of us wanted."
It's too bad Ron Paul doesn't understand jihad and shari'a, because he gets duplicitous crooks enslaving the electorate for their own political and financial benefit. Nothing's changed in thirty years:
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth. In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase.

No plan under serious consideration cuts spending in the way you and I think about it. Instead, the "cuts" being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases. This is akin to a family "saving" $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda. But this is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.

The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever, in spite of stagnant revenues. If your family's income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? That is what our government is doing, with one side merely suggesting a different list of purchases than the other.

In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of "cuts" that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to "cut". It would only take us 5 years to "cut" $1 trillion, in Washington math, just by holding the line on spending. That is hardly austere or catastrophic.

A balanced budget is similarly simple and within reach if Washington had just a tiny amount of fiscal common sense. Our revenues currently stand at approximately $2.2 trillion a year and are likely to remain stagnant as the recession continues. Our outlays are $3.7 trillion and projected to grow every year. Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year. If we simply returned to that year's spending levels, which would hardly be austere, we would have a balanced budget right now. If we held the line on spending, and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever.

We pay 35 percent more for our military today than we did 10 years ago, for the exact same capabilities. The same could be said for the rest of the government. Why has our budget doubled in 10 years? This country doesn't have double the population, or double the land area, or double anything that would require the federal government to grow by such an obscene amount.

In Washington terms, a simple freeze in spending would be a much bigger "cut" than any plan being discussed. If politicians simply cannot bear to implement actual cuts to actual spending, just freezing the budget would give the economy the best chance to catch its breath, recover and grow.

Imperious Obama

Breathtaking arrogance. What right does any politician have to tell free people that they must give away their time, talent, and treasure? Is there no limit to the ways in which this tyrant and his accessories seek to violate the American people? Is there anyone in either party who will oppose Obama's imperial overreach? Where are the calls for impeachment? Where's the plain speech pointing out the fact that the current occupant of the Oval Office is an illegitimate usurper and an enemy of the Republic, a demagogue, a thief, and a fraud? (I'd use the word "treason," but to commit it, one must be a member of the group he betrays, and based on Obama's birth certificate forgery and social security number from Connecticut, it seems unlikely that the Marxist destroyer qualifies.)

There exists no guarantee that America should continue free and strong. This is the climax of a process that began nearly a century ago, when politicians found that they could lie, cheat, and steal, and the American people stopped caring to hold them accountable.

The latest nail in America's coffin, here:
Health insurance plans must cover birth control as preventive care for women, with no copays, the Obama administration said Monday in a decision with far-reaching implications for health care as well as social mores.

The requirement is part of a broad expansion of coverage for women's preventive care under President Barack Obama's health care law. Also to be covered without copays are breast pumps for nursing mothers, an annual "well-woman" physical, screening for the virus that causes cervical cancer and for diabetes during pregnancy, counseling on domestic violence, and other services.

"These historic guidelines are based on science and existing (medical) literature and will help ensure women get the preventive health benefits they need," said Health and Human Services Secretary Kathleen Sebelius.
Isn't that odd? "President Barack Obama's health care law." Sounds like a royal edict, doesn't it? At least they're giving him credit for it now.

And a "requirement" is no "guideline," unless you're selling something.

Saturday, June 25

Timothy Geithner admits that his boss believes that you exist to finance him and his fellow statists

"Government programs" is a euphemism for "Vote for us, and we'll give you other people's stuff. If they complain, we'll call them 'racist,' 'corporatist,' 'greedy,' or -- gasp! -- 'conservative'!"

Liberals would be much more honest if they'd just admit: "We're oligarchists, and we deserve to rule over you, slaves."

Geithner's admission is a surprise only to those who haven't been paying attention to the president "ready to rule from Day 1." From here:
Treasury Secretary Timothy Geithner told the House Small Business Committee on Wednesday that the Obama administration believes taxes on small business must increase so the administration does not have to “shrink the overall size of government programs.”

Sunday, November 14

Anderson Cooper calls Dr. Phil a "tea-******"

It wasn't "tea-partier."

Okay, not really, but he must have been thinking it, since Dr. Phil opposed Cooper's nanny-state mentality with common sense and basic morality: Parents are responsible for what their kids eat, not politicians.

Speaking of data, 100% of kids who ask their parents for Happy Meals . . . have parents.

Tuesday, October 13

Duly-elected tyrants serve only themselves, not the public

Our federal and state politicians believe that you exist to provide them power and position, the fruit of your labor, authority over your children, and control over even your bodies, words, and thoughts.

Massive taxpayer-funded salaries, pensions, medical care (no Obamacare for them, that's for the little people!), security, and vacation in the guise of "fact-finding missions" and "international relations."

Confiscatory and oppressive taxation; politician-induced recessions, inflation, and economic crises "not seen since the Great Depression;" colossal, unpayable debt; stifling hyper-regulation of business; and laws punishing words and thoughts they find objectionable (aren't all crimes "hateful"?).

Freedom of speech and the right to bear arms are in jeopardy.

Our elected officials -- there are a few exceptions -- are not public servants seeking your betterment.  They are independent contractors who've learned how to manipulate the business of government to their own benefit, not yours.

They bankrupt and disarm the nation, endanger and enslave our children and grandchildren, and we reward them with . . . re-election.

Until and unless Americans stop voting for tyrants and instead choose people who'll actually obey and defend the Constitution and our Rights, the Republic is doomed.

Tuesday, September 1

A real American

A few million more like this one, and it's game over for the socialists.

And the jihadists.

Discovered at this excellent site.

Monday, August 24

Obama creating a second Great Depression

Never let a crisis go to waste.

Vox Day articulates clearly where our politicians' priorities lie. The FDIC is broke:

If there is one thing that has been made clear by the response of the monetary and fiscal authorities to the economic crisis, it is that they will not lift a finger to help the general public. When they could have spent millions to prevent homeowners with mortgages from falling into default and foreclosure, they instead chose to spend billions to reduce the impact of the failed mortgages on the giant zombie banks. If one looks closely at the mechanisms underlying the Homeowner Stability Initiative, the Making Home Affordable plan and the Cash for Clunkers program, one will see that they are not designed to help the homeowner or the car buyer, but rather the banks that finance the purchases.

Given recent history, it would appear to be most unwise to assume that the federal government will do much more than permit the FDIC to borrow the additional $70 billion by which its credit line was increased in May, especially should depositors become aware of the increasingly fragile state of the banking system and begin to withdraw their funds from it. Banking holidays and other restrictions on the public's ability to access its money are probably more likely than an outright bailout, especially since a bailout will cost around $225 billion merely to maintain the status quo if Meredith Whitney's calculation of 300 bank failures is correct. In any case, the ability to ask permission to borrow from an unpredictable institution already $11.7 trillion in debt and expecting a further $9 trillion in deficits is not insurance nor can it reasonably be described as a guarantee of any kind.

Friday, August 14

Obama on Health Care being Like Post Office, Private Insurance like UPS and FedEx

Ronald Reagan observed correctly that government is not the solution to the problem, government is the problem.

Every once in a while, despite the best of efforts, the truth slips out:

Monday, August 10

If you have a voice, you have a weapon in defense of Liberty. Use it!

The opposition to socialized medicine is not a "conservative, right-wing thing."

It is a "Liberty thing," which is why leftists and other cowards don't get it.

It's a matter of life-and-death:



Mike Sola is a hero.

Here's the article to which he refers.

Those on the Left care about politics, because they want to exercise power over others.

The rest of us don't want politics, we care about Right and Wrong, about Life, Liberty, and the pursuit of Happiness.

You'd think that at least a few of our elected officials would actually believe in that.

And this what you see in the video below: Members of AARP, older citizens who would seem most easily-tempted by collectivist promises of security, realizing the danger of encroaching government tyranny, waking up and talking back.

Notice also the speaker's condescension to her audience: The "public" has to be quiet while she tells them what they are to think.

Just like the president, "ready to rule from Day One."

We need patriots of all ages to wake up to politicians' decades-long-but-recently-exploded usurpation of our Constitution.

Don't wallow in self-pity lamenting, "What can someone like me do?"

The fight has commenced. Go to fighting or get away! (And start digging your grave.)

The unborn and the elderly are ObamaScare's first victims. Only one has the voice to engage in this fight:



If you have a voice, you have a weapon in defense of Liberty. Use it!

The concentration camps are next.

Obama's vision of America: Somewhere between Stalin and Hitler.

Sunday, July 26

24 TRILLION

Obama and his minions are bankrupting and disarming the nation.

The constitutional law professor and his co-conspirators are expert at violating the Document they swore to defend, pushing us hard into Socialism:
They broke the economy under Bush 43 by sabotaging home ownership.

They've taken control of financial institutions.

They've taken control of domestic auto production.

They're trying to drive us into the Stone Age with Cap-and-Trade.

They're about to take control of your medical care.

Now, we the American taxpayer -- and our descendants into perpetuity -- are responsible for (potentially) at least $24 trillion.

And he and his fellow fascists work to silence dissent in media and online.

Freedom of assembly and the Right to bear arms are also under attack.
Obama can apologize to Islam, the most malevolent, vile, and perverse ideology in human history; let him apologize to the American people.

He can bow to the Islamic tyrant of Saudi Arabia; let him bow to the American people by obeying -- not "empathizing with" (usurping) -- our Constitution.

Make the thieves in Congress and the White House pay back every cent they've stolen from the American people.

Demand their immediate resignation -- or impeach -- every greedy and incompetent politician who by commission or omission have led us to the precipice.

And while we're at it, enforce our borders, abolish the Federal Reserve, the income, death, and all other oppressive taxes, all entitlement programs, and every other anti-Liberty law, code, provision, addendum, and executive order thrust upon us over the last century.

The crisis is upon us. Restore Liberty.

Thursday, July 2

A failure of Liberty or of government?

From here, in response to this:
how am I a "rupulsive piece of work"?

Is it because I dare to speak out against the great failure that is laissez-faire Capitalism. I know it's not politically correct to say that laissez-faire has failed, but reality and history have consistently shown laissez-faire to fail the people and the very system.

I don't see what either Cuba or China have to do with what I'm saying. I'm saying that a common sense system of regulation makes more sense than supply-side economics.
If you're talking about the current economic situation, the problem is the federal government's corrupt and incompetent manipulation of the free market.

This is not a failure of Capitalism, it is a failure of government (and of the people to monitor those whom we elect).

Every person has the right to use his time and talent as he sees fit and to enjoy the fruit of his labor. No politician has the right to steal from him.

Only tyrants and slaves would think otherwise.

Wednesday, November 5

America under an Obama Administration, and the antidote

If only the MSM had been half as honest.

Delivered 33 years ago, the speech below by Governor Ronald Reagan seems prescient. Change the names and dates, and this is what we should be hearing from now until 2012:
Since our last meeting we have been through a disastrous election. It is easy for us to be discouraged, as pundits hail that election as a repudiation of our philosophy and even as a mandate of some kind or other. But the significance of the election was not registered by those who voted, but by those who stayed home. If there was anything like a mandate it will be found among almost two-thirds of the citizens who refused to participate.

Bitter as it is to accept the results of the November election, we should have reason for some optimism. For many years now we have preached “the gospel,” in opposition to the philosophy of so-called liberalism which was, in truth, a call to collectivism.

Now, it is possible we have been persuasive to a greater degree than we had ever realized. Few, if any, Democratic party candidates in the last election ran as liberals. Listening to them I had the eerie feeling we were hearing reruns of Goldwater speeches. I even thought I heard a few of my own.

Bureaucracy was assailed and fiscal responsibility hailed. Even George McGovern donned sackcloth and ashes and did penance for the good people of South Dakota.

But let’s not be so naive as to think we are witnessing a mass conversion to the principles of conservatism. Once sworn into office, the victors reverted to type. In their view, apparently, the ends justified the means.

The “Young Turks” had campaigned against “evil politicians.” They turned against committee chairmen of their own party, displaying a taste and talent as cutthroat power politicians quite in contrast to their campaign rhetoric and idealism. Still, we must not forget that they molded their campaigning to fit what even they recognized was the mood of the majority.

And we must see to it that the people are reminded of this as they now pursue their ideological goals—and pursue them they will.

I know you are aware of the national polls which show that a greater (and increasing) number of Americans—Republicans, Democrats and independents—classify themselves as “conservatives” than ever before. And a poll of rank-and-file union members reveals dissatisfaction with the amount of power their own leaders have assumed, and a resentment of their use of that power for partisan politics. Would it shock you to know that in that poll 68 percent of rank-and-file union members of this country came out endorsing right-to-work legislation?

These polls give cause for some optimism, but at the same time reveal a confusion that exists and the need for a continued effort to “spread the word.”

In another recent survey, of 35,000 college and university students polled, three-fourths blame American business and industry for all of our economic and social ills. The same three-fourths think the answer is more (and virtually complete) regimentation and government control of all phases of business—including the imposition of wage and price controls. Yet, 80 percent in the same poll want less government interference in their own lives!

In 1972 the people of this country had a clear-cut choice, based on the issues—to a greater extent than any election in half a century. In overwhelming numbers they ignored party labels, not so much to vote for a man or even a policy as to repudiate a philosophy. In doing so they repudiated that final step into the welfare state—that call for the confiscation and redistribution of their earnings on a scale far greater than what we now have. They repudiated the abandonment of national honor and a weakening of this nation’s ability to protect itself.

A study has been made that is so revealing that I’m not surprised it has been ignored by a certain number of political commentators and columnists. The political science department of Georgetown University researched the mandate of the 1972 election and recently presented its findings at a seminar.

Taking several major issues which, incidentally, are still the issues of the day, they polled rank-and-file members of the Democratic party on their approach to these problems. Then they polled the delegates to the two major national conventions—the leaders of the parties.

They found the delegates to the Republican convention almost identical in their responses to those of the rank-and-file Republicans. Yet, the delegates to the Democratic convention were miles apart from the thinking of their own party members.

The mandate of 1972 still exists. The people of America have been confused and disturbed by events since that election, but they hold an unchanged philosophy.

Our task is to make them see that what we represent is identical to their own hopes and dreams of what America can and should be. If there are questions as to whether the principles of conservatism hold up in practice, we have the answers to them. Where conservative principles have been tried, they have worked. Gov. Meldrim Thomson is making them work in New Hampshire; so is Arch Moore in West Virginia and Mills Godwin in Virginia. Jack Williams made them work in Arizona and I’m sure Jim Edwards will in South Carolina.

If you will permit me, I can recount my own experience in California.

When I went to Sacramento eight years ago, I had the belief that government was no deep, dark mystery, that it could be operated efficiently by using the same common sense practiced in our everyday life, in our homes, in business and private affairs.

The “lab test” of my theory – California—was pretty messed up after eight years of a road show version of the Great Society. Our first and only briefing came from the outgoing director of finance, who said: “We’re spending $1 million more a day than we’re taking in. I have a golf date. Good luck!” That was the most cheerful news we were to hear for quite some time.

California state government was increasing by about 5,000 new employees a year. We were the welfare capital of the world with 16 percent of the nation’s caseload. Soon, California’s caseload was increasing by 40,000 a month.

We turned to the people themselves for help. Two hundred and fifty experts in the various fields volunteered to serve on task forces at no cost to the taxpayers. They went into every department of state government and came back with 1,800 recommendations on how modern business practices could be used to make government more efficient. We adopted 1,600 of them.

We instituted a policy of “cut, squeeze and trim” and froze the hiring of employees as replacements for retiring employees or others leaving state service.

After a few years of struggling with the professional welfarists, we again turned to the people. First, we obtained another task force and, when the legislature refused to help implement its recommendations, we presented the recommendations to the electorate.

It still took some doing. The legislature insisted our reforms would not work; that the needy would starve in the streets; that the workload would be dumped on the counties; that property taxes would go up and that we’d run up a deficit the first year of $750 million.

That was four years ago. Today, the needy have had an average increase of 43 percent in welfare grants in California, but the taxpayers have saved $2 billion by the caseload not increasing that 40,000 a month. Instead, there are some 400,000 fewer on welfare today than then.

Forty of the state’s 58 counties have reduced property taxes for two years in a row (some for three). That $750-million deficit turned into an $850-million surplus which we returned to the people in a one-time tax rebate. That wasn’t easy. One state senator described that rebate as “an unnecessary expenditure of public funds.”

For more than two decades governments—federal, state, local—have been increasing in size two-and-a-half times faster than the population increase. In the last 10 years they have increased the cost in payroll seven times as fast as the increase in numbers.

We have just turned over to a new administration in Sacramento a government virtually the same size it was eight years ago. With the state’s growth rate, this means that government absorbed a workload increase, in some departments as much as 66 percent.

We also turned over—for the first time in almost a quarter of a century—a balanced budget and a surplus of $500 million. In these eight years just passed, we returned to the people in rebates, tax reductions and bridge toll reductions $5.7 billion. All of this is contrary to the will of those who deplore conservatism and profess to be liberals, yet all of it is pleasing to its citizenry.

Make no mistake, the leadership of the Democratic party is still out of step with the majority of Americans.

Speaker Carl Albert recently was quoted as saying that our problem is “60 percent recession, 30 percent inflation and 10 percent energy.” That makes as much sense as saying two and two make 22.

Without inflation there would be no recession. And unless we curb inflation we can see the end of our society and economic system. The painful fact is we can only halt inflation by undergoing a period of economic dislocation—a recession, if you will.

We can take steps to ease the suffering of some who will be hurt more than others, but if we turn from fighting inflation and adopt a program only to fight recession we are on the road to disaster.

In his first address to Congress, the president asked Congress to join him in an all-out effort to balance the budget. I think all of us wish that he had re-issued that speech instead of this year’s budget message.

What side can be taken in a debate over whether the deficit should be $52 billion or $70 billion or $80 billion preferred by the profligate Congress?

Inflation has one cause and one cause only: government spending more than government takes in. And the cure to inflation is a balanced budget. We know, of course, that after 40 years of social tinkering and Keynesian experimentation that we can’t do this all at once, but it can be achieved. Balancing the budget is like protecting your virtue: you have to learn to say “no.”

This is no time to repeat the shopworn panaceas of the New Deal, the Fair Deal and the Great Society. John Kenneth Galbraith, who, in my opinion, is living proof that economics is an inexact science, has written a new book. It is called “Economics and the Public Purpose.” In it, he asserts that market arrangements in our economy have given us inadequate housing, terrible mass transit, poor health care and a host of other miseries. And then, for the first time to my knowledge, he advances socialism as the answer to our problems.

Shorn of all side issues and extraneous matter, the problem underlying all others is the worldwide contest for the hearts and minds of mankind. Do we find the answers to human misery in freedom as it is known, or do we sink into the deadly dullness of the Socialist ant heap?

Those who suggest that the latter is some kind of solution are, I think, open to challenge. Let’s have no more theorizing when actual comparison is possible. There is in the world a great nation, larger than ours in territory and populated with 250 million capable people. It is rich in resources and has had more than 50 uninterrupted years to practice socialism without opposition.

We could match them, but it would take a little doing on our part. We’d have to cut our paychecks back by 75 percent; move 60 million workers back to the farm; abandon two-thirds of our steel-making capacity; destroy 40 million television sets; tear up 14 of every 15 miles of highway; junk 19 of every 20 automobiles; tear up two-thirds of our railroad track; knock down 70 percent of our houses; and rip out nine out of every 10 telephones. Then, all we have to do is find a capitalist country to sell us wheat on credit to keep us from starving!

Our people are in a time of discontent. Our vital energy supplies are threatened by possibly the most powerful cartel in human history. Our traditional allies in Western Europe are experiencing political and economic instability bordering on chaos.

We seem to be increasingly alone in a world grown more hostile, but we let our defenses shrink to pre-Pearl Harbor levels. And we are conscious that in Moscow the crash build-up of arms continues. The SALT II agreement in Vladivostok, if not re-negotiated, guarantees the Soviets a clear missile superiority sufficient to make a “first strike” possible, with little fear of reprisal. Yet, too many congressmen demand further cuts in our own defenses, including delay if not cancellation of the B-1 bomber.

I realize that millions of Americans are sick of hearing about Indochina, and perhaps it is politically unwise to talk of our obligation to Cambodia and South Vietnam. But we pledged—in an agreement that brought our men home and freed our prisoners—to give our allies arms and ammunition to replace on a one-for-one basis what they expend in resisting the aggression of the Communists who are violating the cease-fire and are fully aided by their Soviet and Red Chinese allies. Congress has already reduced the appropriation to half of what they need and threatens to reduce it even more.

Can we live with ourselves if we, as a nation, betray our friends and ignore our pledged word? And, if we do, who would ever trust us again? To consider committing such an act so contrary to our deepest ideals is symptomatic of the erosion of standards and values. And this adds to our discontent.

We did not seek world leadership; it was thrust upon us. It has been our destiny almost from the first moment this land was settled. If we fail to keep our rendezvous with destiny or, as John Winthrop said in 1630, “Deal falsely with our God,” we shall be made “a story and byword throughout the world.”

Americans are hungry to feel once again a sense of mission and greatness.

I don ‘t know about you, but I am impatient with those Republicans who after the last election rushed into print saying, “We must broaden the base of our party”—when what they meant was to fuzz up and blur even more the differences between ourselves and our opponents.

It was a feeling that there was not a sufficient difference now between the parties that kept a majority of the voters away from the polls. When have we ever advocated a closed-door policy? Who has ever been barred from participating?

Our people look for a cause to believe in. Is it a third party we need, or is it a new and revitalized second party, raising a banner of no pale pastels, but bold colors which make it unmistakably clear where we stand on all of the issues troubling the people?

Let us show that we stand for fiscal integrity and sound money and above all for an end to deficit spending, with ultimate retirement of the national debt.

Let us also include a permanent limit on the percentage of the people’s earnings government can take without their consent.

Let our banner proclaim a genuine tax reform that will begin by simplifying the income tax so that workers can compute their obligation without having to employ legal help.

And let it provide indexing—adjusting the brackets to the cost of living—so that an increase in salary merely to keep pace with inflation does not move the taxpayer into a surtax bracket. Failure to provide this means an increase in government’s share and would make the worker worse off than he was before he got the raise.

Let our banner proclaim our belief in a free market as the greatest provider for the people.

Let us also call for an end to the nit-picking, the harassment and over-regulation of business and industry which restricts expansion and our ability to compete in world markets.

Let us explore ways to ward off socialism, not by increasing government’s coercive power, but by increasing participation by the people in the ownership of our industrial machine.

Our banner must recognize the responsibility of government to protect the law-abiding, holding those who commit misdeeds personally accountable.

And we must make it plain to international adventurers that our love of peace stops short of “peace at any price.”

We will maintain whatever level of strength is necessary to preserve our free way of life.

A political party cannot be all things to all people. It must represent certain fundamental beliefs which must not be compromised to political expediency, or simply to swell its numbers.

I do not believe I have proposed anything that is contrary to what has been considered Republican principle. It is at the same time the very basis of conservatism. It is time to reassert that principle and raise it to full view. And if there are those who cannot subscribe to these principles, then let them go their way.

Wednesday, July 9

Americans continue to support politicians who rob them blind

Politicians use rhetoric about defending "average" Americans while they make themselves rich -- and protect their wealthy friends from their own poor choices -- on the backs of taxpayers.

Barack Hussein Obama and Chris Dodd put the lie to the story that they're for the "little guy." They're looking out for themselves.

On Obama and Dodd, by way of Michelle Malkin.

First, the man who would be president:
Today, The Washington Post Reported That Obama Received A Sweetheart Mortgage Deal For His Chicago Mansion:

Obama Received A Discounted Rate On His $1.32 Million Mortgage For His Georgian Mansion In Chicago. “Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois. The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

* “The Loan Was Unusually Large, Known In Banker Lingo As A ‘Super Super Jumbo.’ Obama Paid No Origination Fee Or Discount Points, As Some Consumers Do To Reduce Their Interest Rates.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

Obama’s Discounted Rate Could Have Saved Him More Than $300 Per Month. “Compared with the average terms offered at the time in Chicago, Obama’s rate could have saved him more than $300 per month.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

The Obamas Secured Their Discounted Home Loan Despite The Fact That They Had “No Prior Relationship With Northern Trust When They Applied For The Loan.” “The Obamas had no prior relationship with Northern Trust when they applied for the loan. They received an oral commitment on Feb. 4, 2005, and locked in the rate of 5.625 percent, the campaign said. On that date, HSH data show, the average rate in Chicago for a 30-year fixed-rate jumbo loan with no points was about 5.94 percent.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

NOTE: Obama Also Has Received $71,000 In Campaign Contributions From Northern Trust Employees. “Since 1990, Northern Trust employees have donated more than $739,000 to federal campaigns, including $71,000 to Obama, according to the Center for Responsive Politics.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

FLASHBACK: Obama Paid $300,000 Less Than The Asking Price For His Mansion, While Tony Rezko’s Wife Paid Full Price For A Vacant Lot Next Door On The Very Same Day. “Two years ago, Obama bought a mansion on the South Side, in the Kenwood neighborhood, from a doctor. On the same day, [Antoin 'Tony'] Rezko’s wife, Rita Rezko, bought the vacant lot next door from the same seller. The doctor had listed the properties for sale together. He sold the house to Obama for $300,000 below the asking price. The doctor got his asking price on the lot from Rezko’s wife.” (Tim Novak, “Obama And His Rezko Ties,” Chicago Sun-Times, 4/23/07)

* The Seller Of Obama’s Home “Wanted To Sell Both Properties At The Same Time.” “On the same day Obama closed on his house, Rezko’s wife bought the adjacent empty lot, meeting the condition of the seller who wanted to sell both properties at the same time.” (Brian Ross and Rhonda Schwartz, “The Rezko Connection,” ABC News’ “The Blotter” Blog, abcnews.go.com, 1/10/08)

* Obama Later Purchased A Portion Of Rezko’s Land For $104,500; It Was Valued At $40,500. “Later, the Obamas bought a 10-foot-by-150-foot piece of the lot for $104,500. An appraisal put the value of the strip at $40,500, a spokesman said, but Obama considered it fair to pay one-sixth of the original price for one-sixth of the lot.” (Peter Slevin, “Obama Says He Regrets Land Deal With Fundraiser,” The Washington Post, 12/17/06)

Jim Johnson, A Former CEO Of Fannie Mae And Former Top Campaign Adviser, Also Received Sweetheart Housing Deal:

Obama’s Former Top Adviser, Jim Johnson, Resigned “After His Favorable Countrywide Loan Became Public.” “Within Obama’s presidential campaign organization, former Fannie Mae chief executive James A. Johnson resigned abruptly as head of the vice presidential search committee after his favorable Countrywide loan became public.” (Joe Stephens, “Obama Got Discount On Home Loan,” The Washington Post, 7/2/08)

Johnson Received Special Loans From Countrywide Financial CEO Angelo Mozilo. “Countrywide Financial Corp. makes mortgage loans through a vast network of offices, brokers and call centers. But a few customers have gotten their loans a special way: through Countrywide Chief Executive Angelo Mozilo. These borrowers, known internally as ‘friends of Angelo’ or FoA, include two former CEOs of Fannie Mae, the biggest buyer of Countrywide’s mortgages, say people familiar with the matter. One was James Johnson, a longtime Democratic Party power and an adviser to Sen. Barack Obama’s campaign, who this past week was named to a panel that is vetting running-mate possibilities for the presumed nominee.” (Glenn R. Simpson and James R. Hagerty, “Countrywide Friends Got Good Loans,” The Wall Street Journal, 6/7/08)

* While CEO Of Fannie Mae, Johnson And Mozilo Worked Closely And Maintained A “Close Friendship.” “From 1991 to 1998, Mr. Johnson served as CEO of the Federal National Mortgage Association, also known as Fannie Mae, which worked closely with Countrywide, one of the nation’s leading lenders and loan servicing companies. In 1996, Mr. Johnson named Mr. Mozilo as chairman of Fannie Mae’s national advisory council. A 1999 article in the American Banker said the two men had a ‘close friendship.’” (Josh Gerstein, “Top Talent Scout For Obama Tied To Subprime Lender,” The New York Sun, 6/9/08)

“Property Records Show Mr. Johnson Has Received More Than $7 Million In Loans From Countrywide Since 1998, The First Coming In The Waning Days Of His Fannie Mae Tenure.” (Glenn R. Simpson and James R. Hagerty, “Countrywide Friends Got Good Loans,” The Wall Street Journal, 6/7/08)

* At Least Two Of The Mortgages Were At Rates “Below Market Averages.” “The Journal said at least two of the mortgages, among a series of loans made available to people Countrywide officials called ‘friends of Angelo,’ were at rates below market averages, though it is difficult to predict a market rate without access to nonpublic information about a borrower’s credit history and other factors that can reduce interest charges on a loan.” (Josh Gerstein, “Top Talent Scout For Obama Tied To Subprime Lender,” The New York Sun, 6/9/08)

NOTE: Penny Pritzker, Obama’s National Finance Chair And Campaign Bundler, Owned A Failed Bank That Specialized In Subprime Lending:

Penny Pritzker Is The National Finance Chairman For Barack Obama. “And Penny Pritzker, a Chicago philanthropist, serves as Mr. Obama’s national finance chairman even as her brother, Jay Robert, holds fund-raisers across town for Mrs. Clinton.” (Jodi Kantor, “In Democratic Families, Politics Makes For Estranged Bedfellows,” The New York Times, 2/4/08)

* Pritzker Is A Bundler For Obama’s Presidential Campaign And Has Committed To Raising Over $200,000. (Obama For America Website, www.barackobama.com, Accessed 5/19 /08)

The Pritzker Family Co-Owned Superior Bank FSB. “Ms. Pritzker, who declined to be interviewed, has confronted other challenges, including the 2001 collapse of Superior Bank FSB, which the Pritzker family co-owned, resulting in a $460-million payment to federal regulators, and a rift over family assets that settled out of court in 2005. She oversees the Pritzker family’s non-hotel real estate interests and chairs its TransUnion LLC credit bureau.” (Steven R. Strahler, “Penny Pritzker,” Chicago Crain’s Business, 5/7/07)

“Superior Bank Specialized In ‘Sub-Prime Lending,’ Which Is Making Loans To Underserved Borrowers, Who Are Often Poor Minorities.” (Kathleen Day, “Regulators Probe Bank Loan To Co-Owner,” The Washington Post, 7/31/01)
On Dodd:
Two weeks ago, the Banking Committee chairman was busy introducing a $300 billion rescue package for the subprime mortgage industry and its victims when news broke that Countywide Financial - subprime’s Enron - had given Dodd special “VIP” mortgage rates on homes in Connecticut and Washington, saving him $75,000 over the life of the mortgages. Dodd’s initial reaction was wounded outrage. How could anyone think that he’d done something wrong? After it became clear he’d known he was getting VIP handling (on orders from Angelo Mozilo, the chairman-founder of Countrywide), Dodd backtracked, insisting he hadn’t realized what “VIP” meant.

With 8,000 US families facing foreclosure daily, the $200 per month Dodd’s been saving doesn’t sound so small - and Mozilo’s own toxic reputation, especially after he admitted pocketing $142 million last year just as Countrywide started sinking like the Titanic, hasn’t helped.

Dodd hasn’t been the only one caught up in the scandal. Senator Kent Conrad, chairman of the Senate Budget Committee, also got Countrywide’s VIP treatment - as did former Clinton-era heavyweights Donna Shalala, Alphonso Jackson, Richard Holbrooke, and Jim Johnson. Conrad quickly mailed off a check for the estimated value of his VIP treatment to Habitat for Humanity, and announced he was taking out new mortgages. Shalala, Jackson, and Johnson meanwhile have ducked the press - though Johnson, who was heading the search for Obama’s vice presidential candidate, had to hastily resign that role.

Dodd, however, keeps insisting - despite growing statewide criticism and a sharp drop in his poll ratings - that he has no plans to give up his VIP benefits, because he has done nothing wrong.

…The $300 billion subprime rescues package Dodd is now managing may be in trouble, with critics tarring it as the “Dodd Countrywide bill.” We voters in turn need to do a little remembering ourselves here, because this bill is the latest “rescue package” in a long ignominious history that includes corporate bailouts such as the Chrysler and Lockheed salvage operations; the savings and loan rescue; the two Mexican rescues, the Asian rescue; the airline rescue after 9/11; the ongoing bailout of agribusiness; and lest we forget, the bailout of Wall Street and Bear Stearns just two months ago.

A chief beneficiary of the Dodd bill is Bank of America, which has just bought Countrywide. If Dodd’s bill passes, taxpayers will take on much of the Bank of America’s risk of further portfolio default - a move worth billions to the bank.

Washington desperately needs to stanch the forced liquidation of millions of American homeowners. Yet once again, the benefits of its rescue efforts will accrue unequally - stacked heavily in favor of the wealthy and the powerful - because in American politics, as in Orwell’s “1984,” some are more equal than others.

Especially the VIPs.

Thursday, May 29

Government is the problem, not the solution

Actually, politicians are the problem. Still, Reagan was right.

An accident of geology has led to the greatest transfer of wealth in human history over the last forty years, and this from non-Muslims to Allah. The demand for oil has financed the resurgence of traditional, Qur'anic Islam and its concomitant global jihad against us.

In other words, we are financing our own slaughter.

Our politicians' decades-old refusal to discover and develop our own traditional and alternative sources of energy (especially nuclear) has kept us dependent on Muslim oil. And certainly -- as demonstrated by Saudi Arabia's recent blow to President Bush's face when he asked for more oil to flow (why are we aiding their nuclear program, exactly?) -- the global jihad uses more than just suicide belts, rockets, and civilian airliners to "fight in the cause of Allah."

There is another way in which American politicians harm their employers, keeping us busy just treading water (after all, citizens who have to spend all their energy working just to survive don't have time to hold politicians accountable for their decisions, and people struggling to get by must be a bit more susceptible to the influence of election-year promises from someone "fighting for them"), and our Republican in the White House has been as guilty as any big-government liberal of it.

With one hand, the President and Congress reduced taxes, but with the other, they continue to print money as needed to buy votes.

What is the effect of increasing the supply of something? Its value lessens. As everything becomes more expensive, the American people become poorer. I have not received recently a thirty-percent raise to cover inflation, and I know no one who has.

In other words, 0ur politicians are impoverishing slowly and subtly all but the wealthiest.

If the American people allow this to continue, a young person saving today for their retirement will find when they get there -- just as everyone who's ever told a story about ten-cent hamburgers when they were a kid has found -- that the dollar they saved will be worth only pennies.

On our own politicians increasing the cost of oil, from here:
"a recent analysis of oil prices over the past 50 years adjusted for the increase in the money supply as measured by a gauge known as M3 lays the blame for surging petro prices squarely at the feet of Uncle Sam particularly the Federal Reserve. 'By rapidly increasing the money supply and thereby decreasing the value of the dollar the government is solely responsible for the increase in the oil price ' writes Paul van Eeden president of Toronto-based Cranberry Capital a private investment company"