The Deficit

darwin-1-sm

From the Washington Post:

In his weekly radio and Internet address today, Obama expressed determination to “get exploding deficits under control” and described his budget request as “sober in its assessments, honest in its accounting, and lays out in detail my strategy for investing in what we need, cutting what we don’t, and restoring fiscal discipline.”

This is coming from the same guy that just signed a law that puts our country over a trillion dollars in debt and has numerous members of his cabinet that are tax cheats and liars. I am already hoping for change in 2010. Aren’t you?

Advertisements
Published in: on February 21, 2009 at 6:11 pm  Leave a Comment  
Tags: , , ,

History Lesson

2_great_depression

The New Deal didn’t work. Yeah, I said it.

Simple math really.

Stock Market crashes, 1929.

Herbert Hoover (R), is in office. He starts down a path of regulation, big government and other programs to fix the downturn instead of leaving it alone.

Economy sinks further, and Franklin Roosevelt (D) is elected in 1932. Unemployment at 25%.

“New Deal” passes. Lots of big government programs, social security, spending, etc, 1933.

Second “New Deal” passes. Even more spending, 1935.

Unemployment still at 15% in 1937, and rose in 38, and 39.

Unemployment is still high and still in a Depression, 1940.

December 7, 1941: World War II begins, Depression is over.

Nine Years of Big Government. It didn’t work folks.

Reagan inherited a horrible recession, inflation, and unemployment from the disaster of Jimmy Carter in 1980. Within two years of tax cuts, and staying out of the private sector, the economy was booming, and by the time he left office, America was unbelievably prosperous.

Published in: on February 10, 2009 at 8:58 pm  Leave a Comment  
Tags: , , ,

Clemency for Terror

ddg-67_cole-hole-close_usnavy01

Remember the USS Cole? The ship in the Gulf of Aden that was suicide bombed by al Qaeda terrorists, who murdered seventeen U.S. Navy sailors?

Yahoo! News:

The Pentagon’s senior judge overseeing terror trials at Guantanamo Bay dropped charges Thursday against an al-Qaida suspect in the 2000 USS Cole bombing, upholding President Barack Obama‘s order to freeze military tribunals there.

The charges against suspected al-Qaida bomber Abd al-Rahim al-Nashiri marked the last active Guantanamo war crimes case.

Meanwhile, there are a bunch of families with the victims of this murdering dog that continue to wonder if they will ever receive some justice for the murders of their loved ones.

Obama’s doing really good. He’s working hard to “restore our image” abroad, while at the same time, making himself look like a weak fool at home.

Note: You are also making yourself look weak around the world.

Published in: on February 7, 2009 at 8:23 am  Leave a Comment  
Tags: , , ,

Congress Votes for More Money… for Congress

At the same time everyone is cutting back on spending, Congress has voted to give themselves more petty cash.

Let’s not forget that these are the same people who constantly berate Corporate executives for getting bonuses and flying on corporate jets as being insensitive to others in a recession.

Published in: on January 31, 2009 at 1:31 pm  Leave a Comment  
Tags: ,

Another of Obama’s Team that Doesn’t Pay Taxes

Tom Daschle doesn’t pay his taxes either.

43475337

ABCNews:

The controversy deals with a car and driver lent to Daschle by a wealthy Democratic friend — a chauffeur service the former senator used for years without declaring it on his taxes.

It remains an open question as to whether this is a “speed bump,” as a Democratic Senate ally of Daschle put it, or something more damaging.

 

Luckily, he’s a Democrat, and they don’t have to pay taxes. It’s just a “common mistake”. Other prominent Democrats that have made this “common mistake”: Charlie Rangel (House Ways & Means Cmte) and Tim Geithner (Obama’s Treasury Secretary).

Are any of Obama’s appointments not corrupt?

Published in: on January 30, 2009 at 6:44 pm  Leave a Comment  
Tags: , , , , , ,

Poor Lending Practices Rewarded With $12 Million


REGULATORY-SUMMIT/CONGRESS

On Oct. 27, the FDIC and Massachusetts bank regulatory officials, alleging poor lending practices and executive-compensation abuses by OneUnited, slapped it with a strong enforcement action, a cease-and-desist order. Among other things, the officials told the bank to get rid of a 2008 Porsche being used for executives use.

Rep. Barney Frank spoke with a federal regulator to ask that OneUnited be given consideration for TARP money. Frank cited the fact that it was the only bank in the state owned by African-Americans. He was quoted as saying “We did say, yes, I thought it would have been a social tragedy if the one minority bank in Massachusetts that has been working so hard and had been overextended into housing was to be wiped out by a federal action, the Fannie-Freddie preferred [shares] thing, and that’s why I think it was important to try to help them.” 

This came as a result of the attorney for OneUnited Bank complaining to Frank and Rep. Maxine Waters that the action by the Treasury Department had hurt the bank. Naturally, their poor lending practices didn’t hurt the bank, only getting caught at it did. Further, it just so happens that up until last spring, Rep. Waters husband Sidney Williams was a OneUnited Director. No conflict there right?

I really can stop writing here because of course you have to know what next happened right?

Yes, folks that is correct! on December 19, OneUnited received $12 million dollars from the US. Treasury. Regulatory officials sight them for poor lending practices and then less than two months later they reward them by infusing millions of dollars so they can continue on with their poor practices. It all makes sense, right? Or does it smell of favoritism with a little racism added in mixed with conflict of interest?

This whole TARP fund things is bogus, the money is being given out in ways that will not even begin to help us consumers or make a dent in this economic crisis we are in. We have Representatives like Barney Frank using the financial crisis as an excuse to shore up a politically favored bank in his district and not using it as a stimulus.

Now they want to pass through another $800 Billion? Good Grief!

Published in: on January 26, 2009 at 4:49 pm  Leave a Comment  
Tags: , ,

I Need a Time-Out

afghan woman

George McGovern, the 1972 loser of the Presidential election, has written an opinion piece in the Sunday edition of the Washington Post:

As you settle into the Oval Office, Mr. President, may I offer a suggestion? Please do not try to put Afghanistan aright with the U.S. military. To send our troops out of Iraq and into Afghanistan would be a near-perfect example of going from the frying pan into the fire. There is reason to believe some of our top military commanders privately share this view. And so does a broad and growing swath of your party and your supporters.

True, the United States is the world’s greatest power — but so was the British Empire a century ago when it tried to pacify the warlords and tribes of Afghanistan, only to be forced out after excruciating losses. For that matter, the Soviet Union was also a superpower when it poured some 100,000 troops into Afghanistan in 1979. They limped home, broken and defeated, a decade later, having helped pave the way for the collapse of the Soviet Union.

So basically, what he suggests is that we lay down our arms and formally surrender in Iraq and Afghanistan, then he cites the example of the Brits and the Soviets failure in Afghanistan, but he fails to recognize the difference in their campaign and ours. Those two empires tried to pacify the countryside by destroying everything they saw. The United States is busy rebuilding schools, roads, and giving medical supplies while terrorists attempt to destroy everything. Big difference.

I have believed for some time that military power is no solution to terrorism. The hatred of U.S. policies in the Middle East — our occupation of Iraq, our backing for repressive regimes such as Egypt and Saudi Arabia, our support of Israel — that drives the terrorist impulse against us would better be resolved by ending our military presence throughout the arc of conflict. This means a prudent, carefully directed withdrawal of our troops from Iraq, Afghanistan, Saudi Arabia, Qatar and elsewhere. We also need to close down the imposing U.S. military bases in this section of the globe, which do so little to expand our security and so much to stoke local resentment.

Let’s bring all of our troops out of the middle east and they will just leave us alone, right? The murdering islamo-fascists just want us out of the neighborhood and then everything will be fine. I definitely feel a headache coming on.

We cannot evade this reckoning. The British thought they could extend their control over Iraq even while pulling out their ground forces by creating a string of bases in remote parts of the country, away from the observation of most Iraqis. It didn’t work. No people that desires independence and self-determination wishes to have another nation’s military bases in its country. In 1776, remember, 13 little colonies drove the mighty British Empire from American soil.

In 2003, the Bush administration ordered an invasion of Iraq, supposedly to reduce terrorism. But six years later, there is more terrorism and civil strife in Iraq, not less. The same outcome may occur in Afghanistan if we make it the next American military conflict.

Well, we have military bases in Kuwait, Germany, and Japan nowadays. The civilian populace, upset that the evil U.S. doesn’t let them have their independence, attacks the base daily. Oh wait, no, they don’t.

And there’s more terrorism in Iraq, huh? The same Washington Post where your misinformed drivel is published has a story from October, 2008 citing “the lowest levels of violence since early 2004”.

So let me suggest a truly audacious hope for your administration: How about a five-year time-out on war — unless, of course, there is a genuine threat to the nation?

Time out? Someone get al Qaeda on the phone, I think George is on to something here. Unless there is a genuine threat? Didn’t a genuine threat present itself on September 11th, 2001 that originated in Afghanistan?

You can read the full editorial here if you so choose, but I wouldn’t recommend it.

Published in: on January 25, 2009 at 10:21 am  Leave a Comment  
Tags: , , , ,

Wish List for Obama

Newsweek writes about the “especially long wish list” that African Americans have for the new President. I find this interesting. While I sit here, not wanting anything from the government or the President besides protection from terrorists, and to stay out of my way, another segment of the population hopes and wishes to be the next contestant on the White House Giveaway Show.

There’s the “three-strikes rule” that lands more than its share of young African-American men in jail in many states. The tougher and longer prison sentences blacks receive for sometimes minor drug offenses. And the growing number of black women with the AIDS virus—now the fastest-growing segment of those infected. “Those are things I’m sure Bush didn’t give a hoot about,” says 34-year-old Lisha Crenshaw, a Chicago elementary-school teacher I ran into in D.C. “The number of jails we’re building to put our young men in instead of investing that money into their future and schools to educate them is so sad.

They want to get rid of the three strikes rule. Basically, if you commit a crime three times, you go to prison for a much longer time. Seems fine to me, and last time I checked, it wasn’t an exclusively black law. As for AIDS, I do believe President Bush gives a hoot about it.

Stop wishing, and start doing for yourselves. The President, no matter what color he is, can not take away all your problems. He is not going to pay for your gas and mortgage.

Published in: on January 24, 2009 at 9:03 pm  Leave a Comment  
Tags: , ,

Treasury Secretaries Don’t Have to Pay Taxes

Jonah Goldberg, of National Review, has written a great article about Timothy Geithner, President Obama’s nominee for Treasury Secretary. You know, the guy that ‘forgot’ to pay his taxes:

Obama defends Geithner, saying that his was a “common mistake,” that it is embarrassing but happens all the time. My National Review colleague Byron York reports that, at least according to the World Bank, Geithner’s “mistakes” are actually quite rare. Indeed, it’s almost impossible to believe that the man didn’t know exactly what he was doing given that he would have had to sign documents, disregard warnings and all in all turn his brain off to make the same “mistake” year after year. And keep in mind, Geithner is supposed to run the IRS. So maybe sloppiness isn’t that great a defense anyway.

The bulk of Senate Republicans seem willing to green-light his appointment because, in the words of many, “he’s too big to fail.” Wall Street likes this guy and so does Obama. So, who cares if he breaks and bends the rules? Who cares that he took a child-care tax credit to send his kids to summer camp? He’s the right man for the job, no one else can do it, he’s the financial industry’s man of the moment.

snipes mugshot

Whether Geithner is confirmed or not, I demand the immediate pardon of Wesley Snipes. He only made a “common mistake” by failing to pay his taxes. FREE WESLEY NOW. Did you see Passenger 57? This guy shouldn’t be in prison.

Published in: on January 24, 2009 at 8:10 pm  Comments (1)  
Tags: , , , , , ,

Let My People Go

A pair of terrorists that were set free from GITMO have appeared on an al Qaeda video. They are pictured below. They don’t look very ‘terrorizing’ but I suppose that’s besides the point.

333

372

Google News reports:

“By Allah, imprisonment only increased our persistence in our principles for which we went out, did jihad for, and were imprisoned for,” al-Shihri was quoted as saying.

They also said that the food in Yemen is not as good as GITMO, and they really missed the beautiful surf and the sand.

Published in: on January 24, 2009 at 6:01 pm  Leave a Comment  
Tags: , ,