2300 pages, that is the size of the Financial Reform Bill written by Barney Frank and Chris Dodd and their soldiers. So many words and so little clarity! Compare this bill to the Constitution of the United States (it created legal principles that have governed our nation for hundreds of years and have done a very adequate job) which originally contained only 4 pages. Four pages to run a nation and 2300 to run a bank? Give Me A Break!
So what does the bill do?
Well, first of all, the bill does not inspire confidence when Obama "thanks" two crooks directly responsible for the financial meltdown, Barny Frank and Chris Dodd. Oh, yes, they were responsible for drafting this monstrosity, and they were also directly responsible for orchestrating the collapse of our economy.
And guess what Barney Frank said after the bill was passed? "We won't know if it will work until we have another disaster." Boy, that sure elicites confidence, doesn't? The same people who got us into this mess don't know whether 2300 pages of regulation will work?
A number of years ago Dodd and Frank forced through legislation that required Fannie Mae and Freddie Mac (government backed lenders) to give loans to borrowers who didn't qualify for them. Fannie and Freddie did a great job of this, in collaboration with community organizing groups like Acorn and community activists like Obama, and together they made sure EVERYONE could get a home loan. What did they care if the borrower could pay it back? The loans were all guaranteed by the government, so Fannie and Freddie were protected. And we are now paying the price for their idiocy.
But there's good news - not only has the Frank/Dodd bill not fixed the problem or punished those involved (Fannie and Freddie), but Obama had Frank/Dodd include within this new bill provisions for 20 newly created government offices to make sure that banks give a certain amount of loans to minorities and women and under privileged borrowers.
Sure sounds like what has led to the current financial crisis created when Frank/Dodd and the Democrats in Washington required banks to give loans based on race, creed, gender, status, anything other than financial ability to pay it back.
The new Frank/Dodd bill proposes to regulate "risky" businesses but does not define "risky." Oh, gosh, I guess the definition of "risky" will be left up to the White House and regulators sitting in an Ivory Tower somewhere in the bowels of Washington.
The new bill proposes to regulate businesses "too big to fail" but does not define "too big to fail." Oops, another decision made by a political appointee, another opportunity for them to "pay off" contributors and supporters.
The new bill is loaded with provisions that cater to the unions and special interest groups. It creates new funding and employment opportunities for community action groups like fraudulent Acorn. Could this be a "pay off" for getting out the fraudulent, illegal votes that put the Obama Horror Show in power?
It establishes a Financial Stability Oversite Council that will have the power to punish ANY COMPANY it deems too big to fail - not just banks. Bail-outs will no longer have to go through Congress and be approved by our ELECTED representatives. The President and Secretary of the Treasury will now get to decide, and BOOM, your company is history - it's now under government control. And YOU cannot stop it!
American farms will be destroyed by certain parts of this bill. Check it out yourself. Google it. Farm costs will skyrocket. We will have to import much more of our food from countries who do not have the same bans on chemical use or the same strict processing standards that we have. We won't know what we are ingesting or what's in it.
Oh, I almost forgot. The two business that were directly responsible for the mess we are in, Fannie and Freddie, are not mentioned in the Financial Reg. bill at all. Yep, that's right, they are exempt from all provisions of the 2300 pages. Wow, another payoff because Fannie and Freddie contributed heavily to the Obama campaign.
So what doesn't Washington understand? Unions, taxes, excessive regulations all contribute to stifling the economy. Jobs disappear, housing dies, and here we go again. With an unemployment rate steady at 9.6% we cannot afford more job loss, but that's what we will get.
Congratulations, Congress, you just took another step closer to complete irrelevance for you. And congratulations, Obama, you rammed another bill through that will further destroy the greatest country on earth.
2012 should be the REPEAL IT NOW year, and I can hardly wait!!
Monday, September 6, 2010
Sunday, September 5, 2010
GLENN BECK RALLY SUCCESS
Glenn Beck was the star at his "Restoring Honor" event at the Lincoln Memorial last week.
Between 300,000 to 500,000 Americans made the pilgrimage to Washington to attend. Beck's focus was on restoring faith and on the sacrifices of Americans serving in our Military. Beck urged Americans to live according to the Christian virtues of Faith, Hope, Charity. He urged people to attend and bring their children and he instructed his TV and radio audiences to "leave your signs at home." This "has nothing to do with politics; it has everything to do with God."
A variety of speakers and religious leaders left the crowd in mostly silent respect. The crowd itself included veterans, parents, disabled Americans, people of all ages and, contrary to the main stream media's report, attendees of many races and ethnicities.
The end of the event was highlighted by over 200 clergy from all religions linking arms on stage and praying for America. Many attendees interviewed after the rally stated that it was a profound spiritual uniting event. Many were moved to tears.
You can Google this and get all kinds of information on the event. I urge you to do that. I also encourage you to listen to Glenn's radio program and watch his TV show on Fox Network News at 4:00 CST. Conservatives with jobs are not home at this hour but you can DVR or TIVO the program. It is worth your time. His message is one of redemption and faith in God and America.
Between 300,000 to 500,000 Americans made the pilgrimage to Washington to attend. Beck's focus was on restoring faith and on the sacrifices of Americans serving in our Military. Beck urged Americans to live according to the Christian virtues of Faith, Hope, Charity. He urged people to attend and bring their children and he instructed his TV and radio audiences to "leave your signs at home." This "has nothing to do with politics; it has everything to do with God."
A variety of speakers and religious leaders left the crowd in mostly silent respect. The crowd itself included veterans, parents, disabled Americans, people of all ages and, contrary to the main stream media's report, attendees of many races and ethnicities.
The end of the event was highlighted by over 200 clergy from all religions linking arms on stage and praying for America. Many attendees interviewed after the rally stated that it was a profound spiritual uniting event. Many were moved to tears.
You can Google this and get all kinds of information on the event. I urge you to do that. I also encourage you to listen to Glenn's radio program and watch his TV show on Fox Network News at 4:00 CST. Conservatives with jobs are not home at this hour but you can DVR or TIVO the program. It is worth your time. His message is one of redemption and faith in God and America.
Saturday, September 4, 2010
2010 Election Platform
I saw an email the other day that had some interesting thoughts in it regarding things the public would like to see in a bill introduced in Congress as soon as the power shifts from the traitorous sludge currently in office. I like the ideas and thought you would too. I have listed them below along with my comments.
1. Term limits:
12 years only, lifetime limit. Serving in our government was never intended to be a lifetime job.
2. No tenure/No pension:
Our representatives collect a salary while in office and should receive no pay when they are out of office.
3. Congress, everyone (past, present and future) participates in Social Security:
All funds currently in the Congressional retirement fund moves to the Social Security system immediately. All future funds flow into the Social Security system. Congress participates along with the American people. How long do you think it would take Congress to "fix" Social Security if their retirement was contingent upon its solvency?
4. Congress can purchase their own retirement plan, just as all Americans do:
It makes no sense that we have to purchase our own private retirement plan and also have to pay for their retirement plan.
5. Congress will no longer vote themselves a pay raise or any other benefits:
What efficiently run company allows the people in charge to propose and vote for their own pay raises, benefits, exemptions, etc.? What a nutty system! Congressional pay should rise by the lower of CPI or 3%. No more than that, ever.
6. Congress loses their current health care system and participates in the same health care system as the American people:
No more Cadillac system for the Elites and something different for We The People.
7. Congress must abide by all laws they impose on the American people:
No more exemptions from what they force on us. If it's good enough for us, then it's good enough for them.
8. All contracts with past and present Congressmen/Senators are void effective 1/1/11:
The American People did not make any contracts with their representatives. The representatives made all of these contracts for themselves. Rather self-serving, isn't it? What a conflict of interest. No wonder they all lose their common sense when they arrive in Washington. It becomes a self-perpetuating job.
SERVING IN CONGRESS IS AN HONOR, NOT A CAREER. THE FOUNDING FATHERS ENVISIONED CITIZEN LEGISLATORS. THEY SHOULD SERVE THEIR TERM (S), THEN GO HOME AND GO BACK TO WORK.
I know many will say passing something like this is "impossible." But Congress has the lowest approval rating of any entity in Government in the history of this country. Americans are angry and the balance of power is likely going to change with the next elections.
Email, call or write your representatives, both Senators and Congressmen and demand that they introduce a bill like this in both Houses. Contact the campaigns of candidates currently running for office and ask them to pledge to introduce a bill like this as soon as they get to Washington.
It's guaranteed that whoever does it will become American heroes.
1. Term limits:
12 years only, lifetime limit. Serving in our government was never intended to be a lifetime job.
2. No tenure/No pension:
Our representatives collect a salary while in office and should receive no pay when they are out of office.
3. Congress, everyone (past, present and future) participates in Social Security:
All funds currently in the Congressional retirement fund moves to the Social Security system immediately. All future funds flow into the Social Security system. Congress participates along with the American people. How long do you think it would take Congress to "fix" Social Security if their retirement was contingent upon its solvency?
4. Congress can purchase their own retirement plan, just as all Americans do:
It makes no sense that we have to purchase our own private retirement plan and also have to pay for their retirement plan.
5. Congress will no longer vote themselves a pay raise or any other benefits:
What efficiently run company allows the people in charge to propose and vote for their own pay raises, benefits, exemptions, etc.? What a nutty system! Congressional pay should rise by the lower of CPI or 3%. No more than that, ever.
6. Congress loses their current health care system and participates in the same health care system as the American people:
No more Cadillac system for the Elites and something different for We The People.
7. Congress must abide by all laws they impose on the American people:
No more exemptions from what they force on us. If it's good enough for us, then it's good enough for them.
8. All contracts with past and present Congressmen/Senators are void effective 1/1/11:
The American People did not make any contracts with their representatives. The representatives made all of these contracts for themselves. Rather self-serving, isn't it? What a conflict of interest. No wonder they all lose their common sense when they arrive in Washington. It becomes a self-perpetuating job.
SERVING IN CONGRESS IS AN HONOR, NOT A CAREER. THE FOUNDING FATHERS ENVISIONED CITIZEN LEGISLATORS. THEY SHOULD SERVE THEIR TERM (S), THEN GO HOME AND GO BACK TO WORK.
I know many will say passing something like this is "impossible." But Congress has the lowest approval rating of any entity in Government in the history of this country. Americans are angry and the balance of power is likely going to change with the next elections.
NOW IS THE TIME WHEN AMERICANS SHOULD JOIN TOGETHER
TO REFORM CONGRESS
THEY REPRESENT US - WE THE PEOPLE
Email, call or write your representatives, both Senators and Congressmen and demand that they introduce a bill like this in both Houses. Contact the campaigns of candidates currently running for office and ask them to pledge to introduce a bill like this as soon as they get to Washington.
It's guaranteed that whoever does it will become American heroes.
Friday, September 3, 2010
Health Care Spending Fraud by CBO
Saw this information on a Spending Revolt website and thought I'd share it.
"CBO reveals health care spending increase…five months late.
September 3, 2010 by Spending Revolt
During the recent federal health care debate, one of the biggest disagreements was over whether the legislation would reduce the deficit. Democrats argued, using analysis from the Congressional Budget Office, that it would. Republicans argued that those “scores” had been gamed with unrealistic provisions that would not be implemented. This focus on the deficit missed an important question: how would the bill affect spending and taxes, rather than just the net effect?
Recently, CBO revealed that the health care legislation, as written, will increase entitlement spending by $401 billion and increase taxes by $525 billion over the next 10 years. i.e. it significantly expands the size of government. During the debate (when it really mattered), CBO only reported that the net effect would be a reduction in the deficit.
As Keith Hennessey points out, this new report “gives us the complete picture five months late.” For some reason, in CBO’s initial analysis, they combined spending and taxes into a single number and reported the net effect. Because of the way they presented information, it was impossible to pull out their estimates of increased spending.
Hennessey speculates that someone leaned on CBO. They “had this information last March but they buried it…I would bet heavily that CBO was pressured.” CBO analysts have a tough job and we may never know why they did or did not include certain information. One thing is certain: it would have added to the debate if CBO had revealed five months ago that the “Affordable Care Act” will increase spending by almost half a trillion dollars."
That's the article. Do any of you remember when the head of the CBO was called into Obama's White House office for a pow wow? And right after that the CBO revised their cost figures downward? And that helped Obamacare get shoved through Congress?
It was a lie and fraud then, and it remains a lie and fraud now. Wonder what Obama had to give the head of the CBO to "buy" his cooperation?
"CBO reveals health care spending increase…five months late.
September 3, 2010 by Spending Revolt
During the recent federal health care debate, one of the biggest disagreements was over whether the legislation would reduce the deficit. Democrats argued, using analysis from the Congressional Budget Office, that it would. Republicans argued that those “scores” had been gamed with unrealistic provisions that would not be implemented. This focus on the deficit missed an important question: how would the bill affect spending and taxes, rather than just the net effect?
Recently, CBO revealed that the health care legislation, as written, will increase entitlement spending by $401 billion and increase taxes by $525 billion over the next 10 years. i.e. it significantly expands the size of government. During the debate (when it really mattered), CBO only reported that the net effect would be a reduction in the deficit.
As Keith Hennessey points out, this new report “gives us the complete picture five months late.” For some reason, in CBO’s initial analysis, they combined spending and taxes into a single number and reported the net effect. Because of the way they presented information, it was impossible to pull out their estimates of increased spending.
Hennessey speculates that someone leaned on CBO. They “had this information last March but they buried it…I would bet heavily that CBO was pressured.” CBO analysts have a tough job and we may never know why they did or did not include certain information. One thing is certain: it would have added to the debate if CBO had revealed five months ago that the “Affordable Care Act” will increase spending by almost half a trillion dollars."
That's the article. Do any of you remember when the head of the CBO was called into Obama's White House office for a pow wow? And right after that the CBO revised their cost figures downward? And that helped Obamacare get shoved through Congress?
It was a lie and fraud then, and it remains a lie and fraud now. Wonder what Obama had to give the head of the CBO to "buy" his cooperation?
New York Mosque Update
This is the latest. Fox 5 News has reported that the main financial backer of the Islamic mosque in NY once contributed to a terror group. The man is Egyptian born Hisham Elzanaty. It has been confirmed that he has made a "significant investment" in the development of the mosque near Ground Zero.
In 1999 Mr. Elzanaty sent money to Holy Land Foundation for Relief and Development, known as HLF. Two years later HLF was shut down by the federal government and designated as a global terrorist group. In 2008 five HLF leaders were convicted of providing material support to Hamas. The federal government had evidence proving that HLF was set up as the largest Muslim charity in the US but from its inception the group existed to support Hamas.
Suspicions of the group's ties to terror were well reported in the media prior to 1999. It seems logical to assume Mr. Elzanaty was aware of the group's ties to Hamas.
The other main man in the controversy (Mr. El-Gamal) has a lengthy criminal record.
So does anyone still think the building of the mosque at Ground Zero is all innocence and "bridge building?" Remember, Mayor Bloomberg and Obama are in favor of this project.
Where do you stand on the subject?
In 1999 Mr. Elzanaty sent money to Holy Land Foundation for Relief and Development, known as HLF. Two years later HLF was shut down by the federal government and designated as a global terrorist group. In 2008 five HLF leaders were convicted of providing material support to Hamas. The federal government had evidence proving that HLF was set up as the largest Muslim charity in the US but from its inception the group existed to support Hamas.
Suspicions of the group's ties to terror were well reported in the media prior to 1999. It seems logical to assume Mr. Elzanaty was aware of the group's ties to Hamas.
The other main man in the controversy (Mr. El-Gamal) has a lengthy criminal record.
So does anyone still think the building of the mosque at Ground Zero is all innocence and "bridge building?" Remember, Mayor Bloomberg and Obama are in favor of this project.
Where do you stand on the subject?
Thursday, September 2, 2010
Candidate Take Note!
Found some interesting information at GOPUSA. (www.gopusa.com) Seems like they surveyed just over 7,000 readers. Those people were asked what they wanted to see from the next officials they place in office. The response rate was well over 10%, when statisticians declare that anything over 3% is considered good. Guess people really are concerned.
Anyway, I thought you'd like to see their responses. Here they are in order of their importance.
Term Limits
Balanced Budget
Reduced Spending
Secured Borders
Repeal of Mandated Healthcare
End Earmarks
Congress Must Live By All Laws Passed
Reduce The Size Of Government
All Laws Must Have Constitutional Applicability
Reaffirm States' Rights
Develop A Strong Energy Bill Using All National Resources
Stop Lying To Citizens and Keep Your Promises
I think all candidates for the upcoming elections should Take Note of Number One. I wonder if any candidates will pledge to introduce a Term Limit Bill immediately upon taking office?
Contact the campaigns of the candidates, and let's hold their feet to the fire on this one and get them to take The Pledge.
Anyway, I thought you'd like to see their responses. Here they are in order of their importance.
Term Limits
Balanced Budget
Reduced Spending
Secured Borders
Repeal of Mandated Healthcare
End Earmarks
Congress Must Live By All Laws Passed
Reduce The Size Of Government
All Laws Must Have Constitutional Applicability
Reaffirm States' Rights
Develop A Strong Energy Bill Using All National Resources
Stop Lying To Citizens and Keep Your Promises
I think all candidates for the upcoming elections should Take Note of Number One. I wonder if any candidates will pledge to introduce a Term Limit Bill immediately upon taking office?
Contact the campaigns of the candidates, and let's hold their feet to the fire on this one and get them to take The Pledge.
Wednesday, September 1, 2010
Russ Feingold Is History
Conservative Americans are moving forward. We've been on a win streak in 2010 with election victories for Sharron Angle for US Senate in Nevada, Rand Paul for US Senate in Kentucky, Marco Rubio for US Senate in Florida, Mike Lee for US Senate in Utah, Scott Brown for US Senate in Massachusetts, and many others. We have also forced our liberal big spenders like Congressman Bart Stupak, Senator Arlen Specter, Congressman Alan Mollohan, Congressman David Obey, just to name a few. They saw the future flash before them and decided they didn't want a "defeat," better to "quit."
Another one soon to be gone is Senator Russ Feingold D-WI and Congressman Ron Kind D-WI. There are great conservative candidates running against them and in November they will both be gone. Take a look at Dan Kapanke at kapankeforcongress.com. Take a look at Dave Westlake, davewestlake.com, and Shawn Duffy, duffyforcongress.com. All conservatives running for office in WI, all would make outstanding representatives.
These conservative candidates will face plenty of "smears" until November, but don't fall for it. Keep your eye on the issues, not on the political propoganda that will be forthcoming.
The complexion of Washington is going to change dramatically in November. Is the left liberal establishment really so ignorant that they thought freedom loving Americans would make it easy for them to destroy the greatest country on earth? They Were Wrong!
Another one soon to be gone is Senator Russ Feingold D-WI and Congressman Ron Kind D-WI. There are great conservative candidates running against them and in November they will both be gone. Take a look at Dan Kapanke at kapankeforcongress.com. Take a look at Dave Westlake, davewestlake.com, and Shawn Duffy, duffyforcongress.com. All conservatives running for office in WI, all would make outstanding representatives.
These conservative candidates will face plenty of "smears" until November, but don't fall for it. Keep your eye on the issues, not on the political propoganda that will be forthcoming.
The complexion of Washington is going to change dramatically in November. Is the left liberal establishment really so ignorant that they thought freedom loving Americans would make it easy for them to destroy the greatest country on earth? They Were Wrong!
Bring On November and Vote, Vote, Vote!
Subscribe to:
Posts (Atom)