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Showing posts with label tarp. Show all posts
Showing posts with label tarp. Show all posts

Sunday, August 21, 2011

PAUL RYAN FOR PRESIDENT? REALLY?

Last week the pundits from both political parties were full speed ahead on the rumor that Republican Paul Ryan of WI was seriously thinking about running for President. And while I believe Ryan probably has a better working knowledge of budgeting, deficits and the mess America is in than anyone else in Washington, I'm not sure he's a candidate I could support for president. I am looking for a True Conservative, small government, cut spending and do-it-now candidate. Ryan may not qualify.

Ryan proposed a budget plan to return the government to fiscal sanity - Maybe. Ryan is a passionate advocate for Conservative principles - Sometimes. Ryan's "Path To Prosperity" budget plan that came out in April was seen as a plan to return the federal government to fiscal sanity - Or was it?

When the plan came out it was trashed by Conservatives because it provided for spending to increase $4 trillion over the next five years. It reduces deficits but does not eliminate them until 2040, 29 years from now. This analysis is from the CBO. Ryan's budget projects the public debt increasing every year from 2011 to 2021. It shows the debt increasing to $16.2 trillion in 2012 and rising every year after that, going to $23.1 trillion by 2021. The plan does not address interest on the national debt. No credible proposal can ignore such a huge obligation. Forget eliminating deficits by 2040. It is financial and economic suicide to wait that long to solve our fiscal mess. And the main thing the elite media focused on was, "Oh, my gosh, Ryan wants to take away Medicare," which is a total lie and distortion of his proposal.

The other problem Ryan has is that he supported TARP, supported the debt-ceiling deal, supported Bush's spending binge, supported the auto bailout, supported big AIG bonuses. He has shown by his votes that he may have a problem understanding what Americans really want - an end to the spending, deficits and debt that led to the need to raise the debt ceiling.

The real crisis hanging over the American economy and our way of life, is not whether the debt ceiling was raised, but rather that we are borrowing 40 cents of every dollar we spend. Everyone knows this can't continue, yet no one in Washington has proposed a surefire way to end this slow national suicide. The deals being concocted in smoke-filled rooms and in the dead of night behind closed doors on Capital Hill are intended to get politicians past the 2012 election, and none of the deals solves the real crises. The so-called Super Panel as mandated in the "Debt Deal" is just another joke panel that will come up with nothing. Why isn't the House of Reps doing this work? That's THEIR job, not some hastily thrown together Super Panel. And our economy continues to BURN.

And while Ryan gets some points for proposing a plan to reform federal spending, which is way more than Obama and his henchmen have done (Dems haven't passed a budget in over 800 days), the Ryan plan doesn't cut it. It doesn't go far enough and it doesn't do it fast enough.

But I suppose it's better than nothing, "nothing" is what the Dems have proposed, and yet there it sits in the Senate. It was passed by the House and has languished in the Senate because the Democrat controlled Senate hasn't passed any of the 3 budgets the Republican controlled House passed. Ah, the nuances of politics.

The Republican establishment elites are making a colossal mistake if they think grass-roots conservatives don't understand the difference between a deal to raise the debt ceiling and a solution to the spending and deficit crisis. They are not one and the same. I'm not sure Paul Ryan gets it.



Tuesday, June 14, 2011

"SHOVEL READY PROJECTS" A LAUGHING MATTER

Watch this - Obama thinks the absence of "shovel ready projects" is a laughing matter. Think he'd feel that way if he were unemployed like about 15% of Americans? I have a message for him. Mr. O., millions of Americans are losing everything. Lives are being destroyed due to the absense of jobs and your "shovel ready projects." It is NOT a laughing matter. Quit making jokes and figure out how to create jobs, for instance, quit slapping new rules, regulations and laws on American companies. Or why don't you remove all restrictions on energy production within our shores? You'd take care of three problems: high gas prices, creation of jobs and energy independence - at last. But keep up what you've been doing and more companies will say bye bye to doing business here. Get A Clue, Mr. O.


Friday, November 5, 2010

DEER IN THE HEADLIGHTS

In a Wed. press conference after the historic Democratic losses nationwide, Obama dismissed the suggestion that voters loudly spurned his entire agenda. He stated that had unemployment gone down to 5% the electorate would have LOVED Obamanomics.

Obama made an effort to act contrite. He attempted to be remorseful. He pretended to eat some humble pie. He even said the Dems took a "shellacking." But a phony is a phony is a phony no matter what sermon he's preaching. The deer-in-the-headlights-stare was alive and well. And I'm not buying any of it.

He is so far out of touch with the American electorate that he might as well be living on Mars. Obamanomics, Obamacare, TARP, stimulus plan, the buy outs, bail outs, give away programs, staggering government debt, the feds monetizing that debt, another $600 billion money-printing-bail-out trick today (in case you haven't heard about it yet), back-door deals, pay-to-play tricks, sleazy politics, union deals -- But Obama thinks the "shellacking" was because of unemployment.

Today the Old-New CA Governor Jerry Brown said Americans just may have to get used to high unemployment and those people who have jobs will have to pay for a big share of the population to just sit round and collect checks. And this is what passes for the Democrat's vision for the future. Hey, California, are you happy with your Old-New Governor's plan to create jobs?

The last two years were excruciating arrogance and I-don't-care-what-the-voters-want, and the next two years look like they will be excruciating stupidity and I-don't-care-what-the-voters-want.

REMEMBER! We have to finish cleaning house in 2012, and 2012 is right around the corner

Sunday, September 12, 2010

"Unpaid Pay Czar" oops, Wrong!

So the news came out today. President Obama's pay czar, Kenneth Feinberg, received an annual salary of $120,830. Feinberg served as "special master for TARP executive compensation" to establish executive comp levels at companies bailed out or bought up by the government.

When Feinberg was appointed by Obama in August 2009 the big hoopla was that this Washington lawyer would "perform his duties pro bono," or without pay, so said the White House and Reuters.

But Judicial Watch in a Freedom of Information Act request has obtained the "welcome letter" to Feinberg congratulating him for being selected and listing his annual salary at $120,830. His salary was also confirmed by the US Office of Personnel Management. Feinberg is a big-time Washington lawyer.

So who was lying? Or was it just an "over site?" Or was it an intentional distortion of the fact? With this administration it's any body's guess.

This sure proves the point the the Obama Czars should have gone through the usual Senate confirmation process rather than just being installed into power by King Obama. But then, Congress has very little power in the Kingdom.

So much for Obama's famous "transparency in government" policy.

Friday, August 20, 2010

Bailing Out Europe

Did you see on the Web and in the papers that Elizabeth Warren, Harry Reid's appointed Congressional Oversight Panel Chair, says that US taxpayer dollars disbursed during the "bailout" went to foreign countries?

Yup, that's right. Taxpayer money from the TARP bank bailout went to FOREIGN COUNTRY BANKS.

Elizabeth Warren is currently under consideration by Obama to head a new federal agency, probably some agency created in one of his massive bills that the Democrats all voted for, and she and her panel admitted that "billions of dollars in US rescue funds would up in big banks in France, Germany and other nations."

So let's understand this. As the US economy struggles to recover and desperately needs job creation, while Obama/Pelosi/Reid tripled our national deficit in just one year -- and that's money we US citizens are going to have to pay back -- our tax dollars spent on the bank bailout were flowing overseas to big foreign banks. And Ms. Warren explained, "There were no data about where this money was going," meaning what the overseas banks spent it on.

ABC News reports, "The most egregious case? AIG, naturally, where tens of billions of US taxpayer dollars went to Deutsche Bank and Societe Generale, among others." 43 of the 87 financial institutions that benefited from the AIG portion were foreign - that's 49%.

So while German and French banks benefited from our cash, the US taxpayers are left paying the bill. And we still have no jobs!

And how did the Obama administration respond to this report? They said the report "shows that Treasury worked effectively with its overseas partners in a number of ways to address the global financial crisis." "WORKED EFFECTIVELY..." That's all Obama had to say as US taxpayer dollars flowed into the welcoming hands of foreign bank.

The bank bailout was bad enough, but to find out that much of the money has been flowing into foreign banks is outrageous.

YOU MUST VOTE IN NOVEMBER AND THROW THE TRASH OUT OF WASHINGTON. That means anybody in Washington who voted for TARP. Our vote is the only way to put a stop to their agenda, which is to destroy our country.