Wednesday, June 30, 2010

Overwhelm The System




In this piece by Wayne Allen Root - he explains how Obama's plan to transform America will work.
Rahm Emanuel cynically said, "You never want a crisis to go to waste." It is now becoming clear that the crisis he was referring to is Barack Obama's presidency.

Barack Obama is no fool. He is not incompetent. To the contrary, he is brilliant. He knows exactly what he's doing. He is purposely overwhelming the U.S.economy to create systemic failure, economic crisis and social chaos -- thereby destroying capitalism and our country from within.

Barack Obama is my college classmate (Columbia University, class of '83). As Glenn Beck correctly predicted from day one, Obama is following the plan of Cloward & Piven, two professors at Columbia University. They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands. Add up the clues below. Taken individually they're alarming.

Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority that desperately needs government for survival ... and can be counted on to always vote for bigger government. Why not? They have no responsibility to pay for it.

-- Universal health care. The health care bill had very little to do with health care. It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn't care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

-- Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming. It has everything to do with redistribution of income, government control of the economy and a criminal payoff to Obama's biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants. They will kick-back hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama "spread the wealth around."

-- Make Puerto Rico a state. Why? Who's asking for a 51st state? Who's asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Obama's plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.

-- Legalize 12 million illegal immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America. But it adds 12 million reliable new Democrat voters who can be counted on to support big government. Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor, and eventually Social Security.

-- Stimulus and bailouts. Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions -- including billions of dollars to save or create jobs of government employees across the country. It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions). A staggering $125 billion went to teachers (thereby protecting their union dues). All those public employees will vote loyally Democrat to protect their bloated salaries and pensions that are bankrupting America. The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful. The ends justify the means.

-- Raise taxes on small business owners, high-income earners, and job creators. Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who did nothing to deserve it (except vote for Obama). Reagan wanted to dramatically cut taxes in order to starve the government. Obama wants to dramatically raise taxes to starve his political opposition.

With the acts outlined above, Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by overwhelming the system.

Add it up and you've got the perfect Marxist scheme -- all devised by my Columbia University college classmate Barack Obama using the Cloward and Piven Plan.


Tuesday, June 29, 2010

1.3 Million Americans Are About To Lose Their Jobless Benefits This Week


The government handout machine will be shut down.
The party is over... and it looks like people will now have to really look for a job - any job.


According to Zerohedge, Consumer spending, of course, will take a huge hit.
"the WSJ reports that "a total of 1.3 million unemployed Americans will have lost their assistance by the end of this week." Furthermore, the cumulative number of people whose extended benefits are set to run out absent this extension, will reach 2 million in two weeks, and continue rising: as a reminder the DOL reported over 5.2 million Americans currently on Extended Benefits and EUC (Tier 1-4). The net result is yet another hit to the US ledger, as soon 2 million Americans will no longer recycle $1,200 per month into the economy. In other words, beginning in July, there will be $2.4 billion less spent each month by America's jobless on such necessities as LCD TVs (that critical 4th one for the shoe closet), iPads and cool looking iPhones that have cool gizmos but refuse to hold a conversation the second the phone is touched the "wrong" way. As the number of jobless whose benefits expire grows, the full impact of lost money will progressively increase, and absent some last minute compromise, the monthly loss will promptly hit $5 billion per month. Annualized this is a hit of $60 billion to "consumption", and represents roughly 120 million iPads not purchased, and about half a percentage point of GDP (ignoring various downstream multiplier effects)."

People will have to take jobs that will pay less than what the government is currently paying them to stay home. So now there will be intense competition for whatever jobs are out there - including the lower paying jobs. People may even have to.... start their own businesses!

Zerhodge's posting
concluded by stating:
In our view, what will happen is that the 1.3 million who had gotten used to receiving benefits (and for whom we certainly feel sorry, as once again expectations and reality under the current administration diverge in a dramatic fashion) and had no desire to look for work, will immediately flood back into the labor force to find some job, any job, that pays even remotely as well as what the government did. What this means is that the total labor force (which incidentally dropped by 322,000 From April to May) of 154.393 million, is about to grow by at least 1.3 million, and as much as 2 million, in July. And since census employment peaked, and the number of employed will stay flat (at best) at 139.420 million, the expansion in the total labor force, will increase the unemployment rate by almost 1% in just a month, growing from 9.7% in May to 10.5% in July. That number will be reported in late August. But by then the sequel to the Great Depression v2 movie will be playing in every theater across the land, and this number will be the least of our worries.
Then again if they can't find work then they will totally be screwed, and they won't be counted in the unemployment numbers either!

But on the bright side - since the unemployment rate is derived from the number of people collecting benefits, and less people will be collecting those benefits, then the unemployment figures put out by the Feds will look good.

How's that for instant imaginary green shoots!

Peter Schiff says we are already in a depression.
He's right, you know.


Monday, June 28, 2010

Holder v. Humanitarian Law Project


"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force." -- Ayn Rand - The Nature of Government

Congratulations Amerika, you just might be officially now a fascist police state!

The very recent Holder v. Humanitarian Law Project decision (No. 08-1498, also 09-89) of the Supreme Court, coupled with last week’s Arar v. Ashcroft denial of certiorari (No. 09-923), sure makes the case for claiming that the U.S. is a fascist police-state.

The U.S. government can now decide unilaterally who/what is a terrorist organization and who/what is not. And anyone speaking/corresponding or otherwise engaged with such a designated terrorist group is “providing material support” to the terrorists — and is therefore subject to prosecution at the discretion of the U.S. government. And if, in the end, it turns out that one definitely was not involved in terrorist activities, there is no way to receive redress by the state.

GREAT!
No redress...

So what organization do YOU belong to that might be considered "terrorist" by our government? Right to Life? PETA? Tea Parties? Given the attention lately on "homegrown terrorism" and the dubious MIAC report which portrays and targets certain groups in Amerika as "needing to be watched", this is definitely setting the stage for some very unsavory clashes with the government.

First of all, what is a “fascist police-state”? This article explains:
A police-state uses the law as a mechanism to control any challenges to its power by the citizenry, rather than as a mechanism to insure a civil society among the individuals. The state decides the laws, is the sole arbiter of the law, and can selectively (and capriciously) decide to enforce the law to the benefit or detriment of one individual or group or another.

In a police-state, the citizens are “free” only so long as their actions remain within the confines of the law as dictated by the state. If the individual’s claims of rights or freedoms conflict with the state, or if the individual acts in ways deemed detrimental to the state, then the state will repress the citizenry, by force if necessary. (And in the end, it’s always necessary.)

What’s key to the definition of a police-state is the lack of redress: If there is no justice system which can compel the state to cede to the citizenry, then there is a police-state. If there exists apro forma justice system, but which in practice is unavailable to the ordinary citizen because of systemic obstacles (for instance, cost or bureaucratic hindrance), or which against all logic or reason consistently finds in favor of the state—even in the most egregious and obviously contradictory cases—then that pro forma judiciary system is nothing but a sham: A tool of the state’s repression against its citizens. Consider the Soviet court system the classic example.

A police-state is not necessarily a dictatorship. On the contrary, it can even take the form of a representative democracy. A police-state is not defined by its leadership structure, but rather, by its self-protection against the individual.

A definition of “fascism” is tougher to come by...

For our purposes, I think we should use the syndicalist-corporatist definition as practiced by Mussolini: Society as a collection of corporate and union interests, where the state is one more competing interest among many, albeit the most powerful of them all, and thus as a virtue of its size and power, taking precedence over all other factions. In other words, society is a “street-gang” model that I discussed before. The individual has power only as derived from his belonging to a particular faction or group—individuals do not have inherent worth, value or standing.

Now then! Having gotten that out of the way, where were we?

Holder v. Humanitarian Law Project: The Humanitarian Law Project was advising groups deemed “terrorists” on how to negotiate non-violently with various political agencies, including the UN. In this 6-3 decision by the U.S. Supreme Court, the Court ruled that that speech constituted “aiding and abetting” a terrorist organization, as the Court determined that speech was “material support”. Therefore, the Executive and/or Congress had the right to prohibit anyone from speaking to any terrorist organization if that speech embodied “material support” to the terrorist organization.

The decision is being noted by the New York Times as a Freedom of Speech issue; other commentators seem to be viewing it in those terms as well.

My own take is, Holder v. Humanitarian Law Project is not about limiting free speech—it's about the state expanding it power to repress. The decision limits free speech in passing, because what it is really doing is expanding the state’s power to repress whomever it unilaterally determines is a terrorist.

In the decision, the Court explicitly ruled that “Congress and the Executive are uniquely positioned to make principled distinctions between activities that will further terrorist conduct and undermine United States foreign policy, and those that will not.” In other words, the Court makes it clear that Congress and/or the Executive can solely and unilaterally determine who is a “terrorist threat”, and who is not—without recourse to judicial review of this decision. And if the Executive and/or Congress determines that this group here or that group there is a “terrorist organization”, then their free speech is curtailed—as is the free speech of anyone associating with them, no matter how demonstrably peaceful that speech or interaction is.

For example, if the Executive—in the form of the Secretary of State—decides that, say, WikiLeaks or Amnesty International is a terrorist organization, well then by golly, it is a terrorist organization. It no longer has any right to free speech—nor can anyone else speak to them or associate with them, for risk of being charged with providing “material support” to this heinous terrorist organization known as Amnesty International.

But furthermore, as per Holder v. Humanitarian Law Project, anyone associating with WikiLeaks—including, presumably, those who read it, and most certainly those who give it information about government abuses—would be guilty of aiding and abetting terrorism. In other words, giving WikiLeaks “material support” by providing primary evidence of government abuse would render one a terrorist.

This form of repression does seem to fit the above definition of a police-state. The state determines—unilaterally—who is detrimental to its interests. The state then represses that person or group.

By a 6-3 majority, the Supreme Court has explicitly stated that Congress and/or the Executive is “uniquely positioned” to determine who is a terrorist and who is not—and therefore has the right to silence not just the terrorist organization, but anyone trying to speak to them, or hear them.

And let's just say that, after jumping through years of judicial hoops, one finally manages to prove that one wasn’t then and isn’t now a terrorist, the Arar denial of certiorari makes it irrelevant. Even if it turns out that a person is definitely and unequivocally not a terrorist, he cannot get legal redress for this mistake by the state.

Throw on top of this, the Disclose Act that is being pushed in through the legislature that restricts and dictates to some organizations and not others, who choose to support a political candidate or platform, and you have a government gaining even more control of free speech.

Throw on top of that a President who operates on Executive Orders, thereby bypassing the Congress.

We currently have a government that has taken control of companies, taken control of healthcare, taken control of the financial sector, decides what laws states can and cannot pass, and now has the right to call organizations terrorist. It's working on controlling the Internet as well.

It's not hysteria, it's not hyperbole.
This is happening.
Right before our eyes.

Yes, we will have free speech as long as the federal government agrees on it.
There will be no room for dissenting opinion.

That doesn't sound like the America we all used to know.


"My friends, we live in the greatest nation in the history of the world. I hope you'll join with me, as we try to change it." -Barack Obama

Sunday, June 27, 2010

Timeline Of BP Oil Spill In The Gulf Of Mexico


Also referred to as the BP oil spill, the Gulf of Mexico oil spill or the Macondo blowout.

Interesting read from Wiki. and it continues into June 2010.
See the interactive map.


Events leading to the spill
2008

* March 2008 - The mineral rights to drill for oil at the Macondo well, located in Mississippi Canyon Block 252 in the United States sector of the Gulf of Mexico about 41 miles (66 km) off the Louisiana coast, were purchased by BP at the Minerals Management Service's (MMS) Lease Sale #206, held in New Orleans.[6]

2009

* February - BP files a 52 page exploration and environmental impact plan for the Macondo well with the MMS. The plan stated that it was "unlikely that an accidental surface or subsurface oil spill would occur from the proposed activities". In the event an accident did take place the plan stated that due to the well being 48 miles (77 km) from shore and the response capabilities that would be implemented, no significant adverse impacts would be expected. The Department of the Interior exempted BP's Gulf of Mexico drilling operation from a detailed environmental impact study after concluding that a massive oil spill was unlikely.

* June 22 - Mark E. Hafle, a senior drilling engineer at BP, warns that the metal casing for the blowout preventer might collapse under high pressure.

* October 7, 2009 - The Transocean Marianas semi-submersible rig begins drilling the Macondo well.

* November 9 - Hurricane Ida damages Transocean Marianas enough that it has to be replaced.

2010
February

* February 15, 2010 - Deepwater Horizon drilling rig, owned by Transocean, begins drilling on the Macondo Prospect.The planned well was to be drilled to 18,000 feet (5,500 m) below sea level, and was to be plugged and suspended for subsequent completion as a subsea producer.

March

* March 8 - Target date for the completion of the well which had been budgeted to cost $96 million.

* March - An accident damages a gasket on the blowout preventer on the rig.

April
Fighting the fire on April 21

* April 1 - Halliburton employee Marvin Volek warns that BP's use of cement "was against our best practices."

* April 6 - MMS issues permit to BP for the well with the notation, "Exercise caution while drilling due to indications of shallow gas and possible water flow."

* April 9 - BP drills last section with the wellbore 18,360 feet (5,600 m) below sea level but the last 1,192 feet (363 m) need casing. Halliburton recommends liner/tieback casing that will provide 4 redundant barriers to flow. BP chooses to do a single liner with fewer barriers that is faster to install and cheaper ($7 to $10 million).

* April 14 - Brian Morel, a BP drilling engineer, emails a colleague "this has been a nightmare well which has everyone all over the place."

* April 15 - Morel informs Halliburton executive Jesse Gagliano that they plan to use 6 centralizers. Gagliano says they should use 21. Morel replies in an email, "it's too late to get any more product on the rig, our only option is to rearrange placement of these centralizers." Gagliano also recommends to circulate the drilling mud from the bottom of the well all the way up to the surface to remove air pockets and debris which can contaminate the cement, saying in an email, at "least circulate one bottoms up on the well before doing a cement job." Despite this recommendation, BP cycles only 261 barrels (41.5 m3) of mud, a fraction of the total mud used in the well.

* April 15 - MMS approves amended permit for BP to use a single liner with fewer barriers.

* April 16 - Brett Cocales, BP's Operations Drilling Engineer, emails Morel confirming the 6 centralizer approach.

* April 17 - Deepwater Horizon completes its drilling and the well is being prepared to be cemented so that another rig will retrieve the oil. The blowout preventer is tested and found to be "functional." Gagliano reports that using only centralizers "would likely produce channeling and a failure of the cement job."

* April 18 - Gagliano's report says "well is considered to have a severe gas flow problem." Schlumberger flies a crew to conduct a cement bond log to determine whether the cement has bonded to the casing and surrounding formations. It is required in rules.

* April 19 - Halliburton completes cementing of the final production casing string.

Destruction of the Deepwater Horizon

* April 20 - 7 am - BP cancels a recommended cement bond log test. Conducting the test would have taken 9–12 hours and $128,000. By canceling the cement test BP paid only $10,000. Crew leaves on 11:15 am flight. BP officials gather on the platform to celebrate seven years without an injury on the rig.The planned moving of the Deepwater Horizon to another location was 43 days past due and the delay had cost BP $21 million.

*

* 9:45 p.m. CDT - Gas, oil and concrete from the Deepwater Horizon explode up the wellbore onto the deck and then catches fire. The explosion kills 11 platform workers and injures 17 others; another 98 people survive without serious physical injury.[21]

* April 21 Coast Guard rear admiral Mary Landry named Federal On Scene Coordinator.[22] Coast Guard log reports “Potential environmental threat is 700,000 gallons of diesel on board the Deepwater Horizon and estimated potential of 8,000 barrels per day of crude oil, if the well were to completely blowout. Most of the current pollution has been mitigated by the fire. There is some surface sheening extending up to 2 miles from the source.” The log also reports that two attempts to shut the BOP using an ROV have failed.[23][24]

* April 22 10:21 am - Rig sinks. CNN quote Coast Guard Petty Officer Ashley Butler as saying that "oil was leaking from the rig at the rate of about 8,000 barrels (340,000 US gallons; 1,300 cubic metres) of crude per day." 100,000 US gallons (380,000 litres) of dispersants are pre-authorized by the United States Environmental Protection Agency (EPA) and placed in position even though there is no sign of a leak. Three Norweigian crews from Ocean Intervention III from Oceaneering International, Skandi Neptune from DOF ASA, and Boa Sub C (from Boa International) begin using remotely operated underwater vehicles (ROV) to map the seabed and assess the damage to the wreck. The crews report "large amounts of oil that flowed out."


Read the rest.

And Now A Word from Sen. Lemieux On Lack Of Domestic Skimmers In The Gulf






Florida's Sen. Lemieux laments on the lack of skimmers in the Gulf of Mexico.


Meanwhile, with a ban on Gulf drilling, could Obama be financing offshore drilling in Brazil?

Amazing.. just amazing.

Friday, June 25, 2010

Yet Another Executive Order



Thanks go to Mr. Varney for playing Devil's advocate.

Dr. Paul is quite correct - we are yielding way too much power to the executive branch here.

This commission really should have been devised and appointed by Congress and not by some Executive Order. Actions like this mean that Mr. Obama gets to personally hand-pick whomever he wants to be on these commissions. They will merely be his handmaidens to do his bidding, perpetrate his agenda and continue to mislead the public and bury the truth. These commissions will be used as weapons to trample anyone and anything that gets in the way. The agenda in this case is Cap and Trade and demonizing corporations. This again is Chicago politics at its worst.

Barack Obama could very well one day "executive order" his way into a dictatorship.

Thursday, June 24, 2010

New-home Sales Plunge 33% To Record Low


Well, now that the bribes... er... federal subsidies for home buyers has expired, the housing market is taking a huge hit.

Marketwatch's report contained these excerpts:
Sales dropped to a seasonally adjusted annual rate of 300,000, the lowest since records began in 1963.

The results were much worse than expected, and economists had expected a 20% decline to a seasonally adjusted annual rate of 405,000.

Sales fell sharply in all four regions, with sales down more than 50% in the West.

The median sales price in May was $200,900, down 9.6% from a year earlier and the lowest since December 2003.

Home builders continued to shed inventories in May, cutting the number of unsold homes by 0.5% to 213,000, the lowest level in 39 years. In the past year, inventories are down 27%, while sales are down 18%.

The inventory of unsold homes represented an 8.5-month supply at the depressed May sales pace, up from 5.8 months in April and the highest in nearly a year.

Home builders are facing stiff competition from a glut of inventory of existing homes, fueled by pent-up demand to move and by high levels of foreclosures and short sales.

In order to qualify for the federal tax credit of up to $8,000, a buyer needed to sign a sales contract on a home by the end of April. New-home sales are recorded at the time of the contract signing.

The tax credit likely pulled many sales forward into the first four months of the year. Sales increased a cumulative 29% between February and April. But once the credit expired, sales collapsed in May.

The big question for housing, and perhaps for the economy, is whether housing will strengthen significantly from here. If sales remain weak, home prices could fall further, which would in turn depress consumer spending, increase foreclosures and lead to more losses at banks.


According to this Bloomberg report:

Banks repossessed a record 257,944 homes in the first quarter, 35 percent more than a year earlier, according to Irvine, California-based RealtyTrac Inc. More than a fifth of U.S. mortgage holders owed more than their homes were worth

Payments on 1.4 million loans are more than 60 days late...

Bank of America has reported $8.4 billion in losses in its home-loan unit since 2008 because of higher defaults.

Bank of America is hiring like mad for their loan default unit which specializes in “default management”

Yeah - the worst is NOT over...
and the thing is this...
We cannot artificially prop up these markets forever.

Wednesday, June 23, 2010

The BP Story Thickens


"Is there really evidence here to support claims of a sinister conspiracy? Financiers Goldman Sachs not only fortuitously dumped millions of its shares in the British oil company, but has strong financial links to the chemical clean up firm tackling the disaster. Moreover, the Wall Street giant's new chairman was boss of BP only three months before."


You must read this article.

The dots are even more connectable.

Even more fortuitous for Goldman Sachs is that the crisis may be a boon for its business in more ways than one. Jo Anne Mor, of Blogster has compiled a swathe of documents she claims proves that Chicago-based NALCO, the environmental clean up company contracted to help deal with the crisis, is not only part-owned by Goldman Sachs but has other prominent links, too.

Its parent company, UChicago Argonne, received $164 million dollars in federal stimulus funds this past year. Mor claims that, “NALCO is also associated with Warren Buffett, Maurice Strong, Al Gore, Soros, Apollo, Blackstone, Goldman Sachs, Hathaway Berkshire.”

and remember all the Growth Energy ethanol commercials that you are beginning to see?





It's no coincidence.

Growth Energy is a lobbying group for the ethanol industry.

Ethanol is produced from the sugars contained in corn and other crops, and is used as an additive to displace petroleum-based gasoline fuels. It is cheaper per gallon than pure gasoline, but gets 30-40% lower mileage. Growth Energy seeks to counteract the idea that massive ethanol production will cause a shortage of corn available for food, and that massive production of crops for ethanol will destroy habitat. Some scientists also report that ethanol production is bad for the climate, as natural growth is increasingly destroyed to produce crops to produce ethanol.

In April, 2010, Growth Energy began running a $2.5 million, 6-month television ad campaign aimed at improving the image of ethanol by linking it to patriotism, energy independence and economic growth. Growth Energy seeks to increase the market for ethanol and claims on its Web site that it is carrying out "a proactive grassroots campaign" to expand the use of ethanol in the United States. The group's co-chairman is retired general Wesley Clark.

Read this article about Goldman Sachs and their Ethanol connection.
And remember, BP helped to write the Cap and Trade Legislation.
George Soros is to gain from a drilling moratorium.

There's this and so much more.

Of course ethanol may not be the answer either.

Now Obama halts the protective dredging operation in the Gulf.


You see, the longer Obama and his cohorts can make this disaster last, the better. It is plain to see with all of the events and incestuous relationships going on here that this was really no accident. This was carefully done to further Obama's (and BP's) Cap and Trade agenda which will kill certain industry jobs, raise energy costs, and allow for further government control of the industry (among other things). It fits in perfectly with the Chicago "Modus Operandi" (MO) as well as the Obama Administration Motto "Never let a good crisis go to waste".

General Stanley McChrystal Resigns


You can read his remarks in Rolling Stone Magazine.
So he said not so flattering things about the Obama administration.
Now McChrystal is getting heat.
Did he make a big mistake - or should he be telling it as he sees it?

Here's some excerpts:
"The general first encountered Obama a week after he took office, when the president met with a dozen senior military officials in a room at the Pentagon known as the Tank. According to sources familiar with the meeting, McChrystal thought Obama looked "uncomfortable and intimidated" by the roomful of military brass. Their first one-on-one meeting took place in the Oval Office four months later, after McChrystal got the Afghanistan job, and it didn't go much better. "It was a 10-minute photo op," says an adviser to McChrystal. "Obama clearly didn't know anything about him, who he was. Here's the guy who's going to run his fucking war, but he didn't seem very engaged. The Boss was pretty disappointed."
And:

"Last fall, during the question-and-answer session following a speech he gave in London, McChrystal dismissed the counterterrorism strategy being advocated by Vice President Joe Biden as "shortsighted," saying it would lead to a state of "Chaos-istan." The remarks earned him a smackdown from the president himself, who summoned the general to a terse private meeting aboard Air Force One. The message to McChrystal seemed clear: Shut the fuck up, and keep a lower profile

Now, flipping through printout cards of his speech in Paris, McChrystal wonders aloud what Biden question he might get today, and how he should respond. "I never know what's going to pop out until I'm up there, that's the problem," he says. Then, unable to help themselves, he and his staff imagine the general dismissing the vice president with a good one-liner.

"Are you asking about Vice President Biden?" McChrystal says with a laugh. "Who's that?"

"Biden?" suggests a top adviser. "Did you say: Bite Me?"


The article explains the whole CounterInsurgency plan (COIN) :
COIN, as the theory is known, is the new gospel of the Pentagon brass, a doctrine that attempts to square the military's preference for high-tech violence with the demands of fighting protracted wars in failed states. COIN calls for sending huge numbers of ground troops to not only destroy the enemy, but to live among the civilian population and slowly rebuild, or build from scratch, another nation's government – a process that even its staunchest advocates admit requires years, if not decades, to achieve. The theory essentially rebrands the military, expanding its authority (and its funding) to encompass the diplomatic and political sides of warfare: Think the Green Berets as an armed Peace Corps.
The article goes on to say:
Last fall, with his top general calling for more troops, Obama launched a three-month review to re-evaluate the strategy in Afghanistan. "I found that time painful," McChrystal tells me in one of several lengthy interviews. "I was selling an unsellable position." For the general, it was a crash course in Beltway politics – a battle that pitted him against experienced Washington insiders like Vice President Biden, who argued that a prolonged counterinsurgency campaign in Afghanistan would plunge America into a military quagmire without weakening international terrorist networks. "The entire COIN strategy is a fraud perpetuated on the American people," says Douglas Macgregor, a retired colonel and leading critic of counterinsurgency who attended West Point with McChrystal. "The idea that we are going to spend a trillion dollars to reshape the culture of the Islamic world is utter nonsense.

....

Whatever the nature of the new plan, the delay underscores the fundamental flaws of counterinsurgency. After nine years of war, the Taliban simply remains too strongly entrenched for the U.S. military to openly attack. The very people that COIN seeks to win over – the Afghan people – do not want us there. Our supposed ally, President Karzai, used his influence to delay the offensive, and the massive influx of aid championed by McChrystal is likely only to make things worse. "Throwing money at the problem exacerbates the problem," says Andrew Wilder, an expert at Tufts University who has studied the effect of aid in southern Afghanistan. "A tsunami of cash fuels corruption, delegitimizes the government and creates an environment where we're picking winners and losers" – a process that fuels resentment and hostility among the civilian population. So far, counterinsurgency has succeeded only in creating a never-ending demand for the primary product supplied by the military: perpetual war. There is a reason that President Obama studiously avoids using the word "victory" when he talks about Afghanistan. Winning, it would seem, is not really possible. Not even with Stanley McChrystal in charge.

So people are making a big deal that this article makes the White House look bad and shows the flaws in their foreign policy.
Well guess what... this is what happens when you have a power hungry White House who thinks they know how to run car companies better than CEO's, or banks better than bankers, or the military better than the generals.

This White House is too busy micro-managing everything, because they want to control things they have no expertise to control. This is why they have generals who advise them as to what the realities are.

McChrystal said it as he believes it.
You can't blame him for that.

If the politicians want to direct a war and make war policy and strategy - then they should join the armed forces and move up the ranks to be in charge. Maybe then they might know what it is they are talking about. Until then, it is merely just more politicians and their political hot-air.

McChrystal can resign if he likes - and maybe it's for the best.
Then he can write a book and let everyone know what really goes on in Washington.

We'll see if Obama accepts his resignation or not.

Tuesday, June 22, 2010

Schiff Gets On The Primary Ballot !


It's historic!
No one in Connecticut has ever qualified for a statewide primary by petitioning!

There are 2 ways to qualify for being on the Republican primary ballot for this Senate seat:

1) Win the the support of at least 15 percent of the delegates at a state nominating convention. That didn't happen for Schiff - and we can debate all day as to why that was the case, but there are those who attended who believe that there were some pretty questionable tactics used at this "convention". There were more than just Schiff that decided to go the petition route and refused to accept the CT Republican establishment's "nominee".

2) Collect signatures from 2 percent of the registered Republicans in Connecticut. Secretary of the State Susan Bysiewicz said that the registrars of voters validated 8,697 signatures. That was 429 more than the required 8,268 names.

Now that he is going to go on to the primary in August, the voters of Connecticut will have a choice as to who they think should carry the Republican standard against Richard Blumenthal.

Will it be the former wrestling executive and fantasy script writer, Linda McMahon, who has an unlimited war chest of self- funding (which thus far has bought her underwhelming support)? Or the "non-candidate" Simmons who already has had his shot at being a Congressman. Or will it be Peter Schiff; a dynamic businessman and economist who has the right ideas about how Washington and our economy should work. Given the state of our economy, there is no better choice for Senator representing Connecticut then Peter Schiff.

Peter Schiff is the grassroots candidate, supported by all of the Liberty and Tea Party organizations in CT. He's been endorsed by the Republican Liberty Caucus. He's also been endorsed by Sen. John A. Kissel of Enfield, CT. (Let's hope that other Republicans in our CT legislature wise up).

An excerpt from Schiff's press release:
"I look forward to waging a competitive campaign and defeating Linda McMahon August 10th," Schiff added. "I am confident as voters learn more about me, they will like what they see and hear. From fighting to remove the government roadblocks preventing employers from creating jobs to keeping taxes low, I am the only one in the race with the skill-set necessary to help get our economy back on track."

A staunch believer that America can no longer borrow to live beyond its means, Schiff pledges to use expertise garnered from building a successful investment company to stop growing the government and start growing our economy.

Congratulations to Peter Schiff, and to all of his supporters/volunteers, who helped make history in Connecticut!

Now let's make more history!
Let's get Schiff a primary win, and the ultimate win against Dick "I served in Vietnam, and Dodd did no wrong" Blumenthal.

Monday, June 21, 2010

Judge Napolitano - On The Oil Spill




Part 2





Part 3





Did you know BP representatives helped to write the Cap and Trade Bill?
Did you know BP CEO sold 1/3 of his BP holdings weeks before the BP "accident"?
Did you know Goldman Sachs sold 47% of its BP holdings weeks before the BP "accident"?
Did you know that BP has hired Goldman Sachs as one of its advisors?
Funny that, Rahm Emanuel has ties to Goldman Sachs.
Sounds like an incestuous relationship all around.

Why is help for clean-up being turned away by the Obama administration
?
(For heaven's sake Mr. Obama, waive the Jones Act)
(another story here by Business Insider)

Why are clean-up efforts being staged?
Volunteers are being turned away for "lack of training".

It sure looks like they don't want this cleaned up too soon.
It really appears like they WANT this environmental disaster to continue so they can pass Cap and Trade and demonize the energy industry, so that government can eventually control it.
They want people to be angry with companies like BP.

and The HuffPo says Halliburton is also involved.


The thing is... BP and the Obama administration have been working together on this.
But not in the way you might think.
Both should be held accountable... VERY accountable.

Sunday, June 20, 2010

Happy Father's Day!


For all of you fathers out there ..
Have a wonderful day.. you deserve it!

Take some time off and relax!
(The lawn and home repairs can wait till tomorrow!)


and here are a few father's day quotes:

The most important thing a father can do for his children is to love their mother.” -David O. McKay

"He didn't tell me how to live; he lived, and let me watch him do it." ~Clarence Budington Kelland

"Fatherhood is pretending the present you love most is soap-on-a-rope." ~Bill Cosby

"Father! - to God himself we cannot give a holier name." ~William Wordsworth

A truly rich man is one whose children run into his arms when his hands are empty.” -Unknown

"Dad, you're someone to look up to no matter how tall I've grown." ~Author Unknown

"Spread the diaper in the position of the diamond with you at bat. Then fold second base down to home and set the baby on the pitcher's mound. Put first base and third together, bring up home plate and pin the three together. Of course, in case of rain, you gotta call the game and start all over again." ~Jimmy Piersal, on how to diaper a baby, 1968





NOTE: The picture above is a David Chu Silk Tie - Ties are somewhat symbolic of Father's Day in my house... although Mike didn't get one this year from me.

Saturday, June 19, 2010

Obama Goes Golfing




And BP's CEO goes sailing:





It's nice that they are SO concerned over the wrecked lives and wrecked environment.

Meanwhile the fishermen are getting sick.

Friday, June 18, 2010

Brainwashing 101 - Obama Style




Positive messages are fine but....

There is nothing like brainwashing the inner city young with "Obama chants". I hear that this was in the City of New Haven, CT. at Lincoln Bassett Middle School, and that the man leading the chant is a member of the New Haven Black Muslims AKA the Radical Black Liberation Theology.

Ok, so a few things here:

1) These kids are being taught to be followers - not leaders. They are being treated like sheep. They are being taught to parrot back what they hear.

I will (I will) mindlessly repeat (mindlessly repeat) what I am told to say (what I am told to say.....)

This is not inspiring in the least.

2) These kids are being taught that they need someone else, like Obama, to achieve their dreams. They should be learning independence and self reliance. If they work hard and study - they can be anything they aspire to be without being an "Obama Scholar". They can be their own scholar.

Honestly, these young men deserve better than this chanting garbage.

Dr. Martin Luther King must be spinning in his grave.

The interesting thing is that it is obvious that these kids aren't even taking this too seriously. Look at the body language and their facial expressions and you will see that they are not honestly buying this guy's act. He's just another preacher to them. Some of the students even look a bit uncomfortable. It's also pretty possible that they were given something in return for attending this little session, because most look like they really aren't interested in being there at all.

And what is this religious guy doing preaching to these kids in school to begin with?
Can you imagine the outrage if a Rabbi or Priest was brought to a school of white kids with an "motivational chant" for the kids to be a "Moses" or "Jesus" scholar?


What these kids really need is time to study and learn instead of wasting time parroting chants in public school.

Thursday, June 17, 2010

Another Really Bad Bill - The Disclose Act


Here comes an all out assault on First Amendment Rights!

This week, H.R. 5175 came out of committee and is now headed for a vote in the House of Representatives, where it is expected to be passed. What H.R. 5175 does is silence many organizations from expressing political opinions and endorsement of candidates seeking office at the Federal level for up to 90 days prior to a primary election. Some specific organizations, like the labor unions, American Federation of State, County, and Municipal Employees (AFSCME) and the AFL-CIO, as well as the powerful AARP will be exempt!

Another "exempt" organization is also (and very disturbingly I might add), the National Rifle Association. It looks like they cut a deal with the Democrats on this one. Shame on them for even considering cutting a deal like this on this legislation! (You can call them to complain, NRA headquarters: 1-800-672-3888 and their Legislative Action group at 1-800-392-8683)

No organization should be subject to exemption BUT ALSO NO Organization should have to give up their membership lists to any government agency!


John Bresnahan of Politico reports,
"The proposal would exempt organizations that have more than 1 million members, have been in existence for more than 10 years, have members in all 50 states and raise 15 percent or less of their funds from corporations... The NRA, with 4 million members, will not actively oppose the DISCLOSE Act, according to Democratic sources."
Unions would also be exempt: The Chamber of Commerce said this:
The legislation would require corporations and labor unions to report donors who have given as little as $600 during the year. Because an average union member pays annual dues far beneath that threshold, most unions would not be required to disclose their donors even when they spend millions of dollars on political advertising.

Citizens United, a Washington lobbying firm that is firmly against the Disclose Act, wrote a letter to Congress but is already informing its corporate clients on how they can use other organizations to avoid disclosure if this monstrosity ever passes into law:
[G]roups of corporations within an industry may form coalitions or use existing trade associations to support candidates favorable to policy positions that affect the group as a whole. While corporations that contribute to these expenditures might still be disclosed, this indirect approach can provide sufficient cover such that no single contributing entity receives the bulk of public scrutiny.

So this bill essentially accomplishes nothing, but it will hurt 1st amendment rights of smaller organizations and others who will not be considered "exempt".


Other provisions of this Bill include:
It would expand the window for "electioneering communications," which was 30 to 60 days under McCain-Feingold, to 90 days before a primary or caucus. During that period, corporations and nonprofits would face stringent procedures for any corporate advertising. The electioneering window, once opened, would continue through to the general election. So because presidential primaries fall well before the election, the restrictions could conceivably be in place for over a year.

The bill requires a mountain of paperwork, because companies must submit a list to the FEC of all donors who contributed more than $600. "In the 1950s, the NAACP went to court to say it should not have to disclose its membership list," Heritage Foundation legal scholar Hans Von Spakovsky says. He contends the provision to disclose members' names poses constitutional problems "because it interferes with their right to associate."

It prohibits any company that received government contracts, or that received TARP bailouts, from spending any money on election advertising.

In a precedent-setting exemption, the Disclose Act for the first time would restrict the activities of nonprofits and companies, but not unions in some cases. Opponents point out that unions recently spent over $10 million in an unsuccessful bid to defeat Arkansas Sen. Blanche Lincoln in the Democratic primary. "This is the empower-labor-unions-over-everybody-else act," says [Grover] Norquist. "It's making it illegal for Americans to participate in politics."

It bans any advertising from foreign companies, including domestic companies that have 20 percent or more foreign control.

The names of all donors who give $1,000 or more to an organization must be disclosed to the FEC, if the organization spends more than $10,000 on political advertising. Labor unions are included in this provision.

It requires CEOs to appear on camera stating they "approve this message." Those familiar with how political fundraising work say this alone would scare away political speech by the vast majority of companies and associations. Curt Levey of the Committee for Justice, one of the groups that signed the anti-Disclose Act letter, tells Newsmax: "I see this as a threat especially to conservative nonprofits, but really to nonprofits in general, because that's ultimately where the corporate spending that is being attacked here is coming from. Donors very often ask about anonymity. That's important to them. I could see the groups losing a lot of donations. It's meant to have a chilling effect, and it will have a chilling effect. I think it's going to have a horrible effect on nonprofits groups."

The top donor to the organization, who might not have donated any money for that particular ad, would be required to appear in the commercial to provide the public with information on those funding the commercial. Also, a TV ad would have to list the top five funders to the organization, and radio ads would have to disclose the top two funders. Disclose Act opponents point out the additional time required for the burdensome disclosures would make the ads prohibitively expensive.

This bill also leaves in place a special carve-out for media organizations to endorse candidates without any regulation!

According to 2 USC 431 (9) (B) (i): "The term 'expenditure' does not include any news story, commentary, or editorial distributed through the facilities of any broadcasting station, newspaper, magazine, or other periodical publication". This media exemption to campaign regulation is reinforced in the DISCLOSE Act's language on page 22.

Americans For Limited Government, President Bill Wilson asks, "Why is the Washington Post 'more free' than WalMart?"

Bill Wilson also declared,
"There should be equal protection of the First Amendment, where anyone can talk or write about elections without regulation. Congress has no power to determine which political speech is protected 'free speech' and which may be regulated. Yet with the DISCLOSE Act, Congress is still pretending that it does have the power to determine who is free."


This is a blatant restriction of free speech.
It restricts some - but not others.
It is clearly unconstitutional!


You are urged to call or write to your Congressman TODAY and tell them to vote against this bill.

Wednesday, June 16, 2010

CT Sunlight


"Sunlight is said to be the best of disinfectants." – Supreme Court Justice Louis D. Brandeis

The goal of the CT Sunlight Project is to empower regular people to hold State Government accountable for their spending. Bloggers, journalists, students, academics, and average citizens can use this website to see how the State spends our tax dollars, identify corruption, and suggest ways to effectively reduce spending in Hartford.

* Visit PAYROLL to review the salary expenditures for each state agency for calendar years 2007, 2008 and 2009.
* Use CHECKS TO BUSINESSES AND PEOPLE to examine each line item of state government spending by agency, branch, and year.
* Information about payments to RETIREES is found on the retirees tab.

It is a growing compendium of information on how our state and municipalities conduct business, and let's you know what you are paying for.

Check it out!
This site is a sure winner.

Upcoming June Liberty Events In CT


"GREET" LOWELL WEICKER - THURSDAY, JUNE 17

From Joe Markley:
The Connecticut Conference of Municipalities, an association of town officials and administrators, has invited Lowell Weicker to share his solutions for our current state budget crisis in a speech to their membership this Thursday, June 17 at 10:30 AM at the Courtyard Marriott in Cromwell. As governor during our last great fiscal crisis in 1991, Weicker reneged on his campaign promises and forced through a state income tax against the will of the people. In the twenty years since the tax passed, Connecticut has ranked dead last in the nation in economic growth. Those who have not forgotten Weicker's destructive perfidy are invited to assemble on the sidewalk by the Marriott entrance at 4 Sebethe Drive beginning at 9:30 AM. We encourage you to bring signs expressing your opinion of our former governor, and of current local leaders who have turned to him for direction. The press will be informed of our protest. For more information, contract Joe Markley at 413-441-8052, or at joe(at)joemarkley(dot)com

----------------------------

MEET & GREET LEN SUZIO - TUESDAY, JUNE 22

From Deborah Stevenson:
We are very fortunate to have Len Suzio, a fantastic candidate this year running against incumbent State Senator Thomas Gaffey, Co-Chairman of the Education Committee. Len is a successful businessman with a economics background who served for many years on the local Board of Education. Gaffey is a long time incumbent who does not respect homeschooling and who repeatedly has attempted to further regulate the rights of parents. In addition, Gaffey is a career politician who, it has been reported, has double billed the state for his expenses on more than one occasion. Len Suzio, on the other hand, is an honest man who has homeschooled some of his children over the years, in addition to having them in public school. Len respects homeschooling. Len also has a lot of great ideas for fiscal responsibility. He runs a company called Geo Data Vision, has been involved in banking/finance, and is a Wharton School of Business Graduate. He also served on the Board of Education in Meriden for 12 years, where he advocated for fiscal responsibility and common sense in the operation of the public school system.

Len needs help with his campaign! It’s time for Gaffey to go! Therefore, Attorney Deborah Stevenson and Liz DePalma are holding a meeting on Tuesday, June 22, at 7 PM, at the home of Liz DePalma, 323 Sir Walter Drive, Cheshire, for those interested in finding out more about Len Suzio, and for those interested in helping Len with his campaign. Feel free to contact Liz at liz.depalma(at)sbcglobal(dot)net if you are interested in hearing more or need directions. Please also RSVP directly to Liz.

----------------------------
"DON'T TREAD ON ME" MOVIE SHOWING - SATURDAY, JUNE 26

At the Westport Public Library, 20 Jesup Road - McManus Room (lower level), Westport,Connecticut on Saturday, June26, at 2:30 PM, Doors Open at 2:00 PM, for more info: www.donttreadonmemovie.com, hosted by COMMITTEES OF SAFETY www.committeesofsafety.org This is a FREE EVENT; donations to COS are welcome!

Tuesday, June 15, 2010

Politically Addicted



I think Susan Bysiewicz, our current Secretary of State, needs an intervention.
There must be a drug that inhibits the need to run for office - any office.

Apparently, Susie B. may now be looking to run for mayor of Middletown.

Since the poor woman decided to nix a run for the governorship and then was found not qualified to run for Attorney General, well she found herself a bit out in the cold. But no fear... by hook or by crook Susie B. is determined to run for some office... any office. Heaven forbid the woman goes out to find a real job in the private sector! or even tries to start her own company in a state that hates business.

I think if you look up the word ambition in the dictionary you will see Bysiewicz's picture next to it. She knows that she needs to stay politically engaged if she is to run for Lieberman's seat in 2012. She seems to be all about those stepping stones. And let's face it, she isn't interested in really representing the people of Middletown, or anywhere else for that matter.

Based on her little special interest list, she will also kiss up to anyone politically connected, or who represents a voting block.

Susan, there really is more to life then sucking up to people to get elected to something.

I am sure there is a 12 step program out there for you somewhere.

Dare We Connect The Oily Dots?


There are some pretty strange things being dredged up - and not just in the Gulf of Mexico.

About a week before the gulf oil spill, Halliburton bought Boots and Coots, an emergency response oil control company. They spent $232 million for this acquisition.

April 12, 2010
:
Oil giant Halliburton (HAL: 24.48, 0.12, 0.49%) announced late Friday that it will purchase emergency response oil control company Boots & Coots (WEL: 2.96, 0, 0%) in a deal valued at around $232 million.

Boots & Coots shares soared on Monday by more than 25%.

Under terms of the deal, Boots & Coots shareholders will receive $1.73 in cash and $1.27 of Halliburton stock for each Boots & Coots share, a 28% premium to Friday’s closing price.

The deal is expected to boost Halliburton’s bottom line during the first year after closing. At this time, it is expected that management of Boots & Coots will remain with the company.

Boots & Coots shares jumped 50 cents to $2.94. Halliburton shares rose 0.3%, or 9 cents, to $31.66.

April 20, 2010 - that was when the explosion happened on the Deepwater Horizon drilling rig.

Weeks before the spill, Goldman Sachs unloaded about 44% of their BP stock, and BP CEO, Tony Hayward, also sold 1/3 of his BP holdings.


So do these people/companies have psychics working for them - or what?

Monday, June 14, 2010

Celebrate Flag Day - Today - June 14th!


Two flags
Top: June 14, 1777 - 13 stars
Bottom: June 14, 1960 - 50 stars

Today commemorates the adoption of the flag of the United States by the Second Continental Congress in 1777.

Flag Day - the anniversary of the Flag Resolution of 1777 - was officially established by the Proclamation of President Woodrow Wilson on May 30th, 1916. While Flag Day was celebrated in various communities for years after Wilson's proclamation, it was not until August 3rd, 1949, that President Truman signed an Act of Congress designating June 14th of each year as National Flag Day.

Please Fly our flag proudly today.

Sunday, June 13, 2010

Freedom Watch - Tea Party Summit

Part 1




Part 2




Part 3




The attempt to bring together factions within the Conservative and Liberty movement is quite interesting, but one thing is for sure is that the people are generally being educated and they ARE waking up. There are many people that will fight against any co-option of the Liberty movement by the Neo-Conservatives in the GOP. They will expose the GOP liars and posers, even if it means losing elections with split votes.

We don't want the John McCain's, the Charlie Christ's, the Rudy Giuliani's and the Bill Kristol's of the GOP - it is really time for change. There is some proof to that: After Glenn Beck trashed Debra Medina and came out for Rick Perry of Texas, he lost about a third of his audience. Mind you, the "Liberty loving" Beck was backing the very same guy who wanted forced vaccination of school girls with Gardisil and who backs the creation of superhighways for the North American Union through Texas (Trans-Texas Corridor) and who can't seem to follow through with what he says. While Beck has done much to bring certain issues to the masses with regard to the Liberty movement, many have also come to have a certain distrust of him as well. And we all know Fox News can be just as manipulative and biased as MSNBC.

But I digress, the issue here is that the establishment GOP has got to change on some issues or they WILL lose votes that will be siphoned off to third parties who are more committed to the Restoration of the Republic, State's Rights, Constitutional Rights, fiscal sanity and in general, smaller government. The bottom-line here is that people are fed up with both major parties, as well as the blatant corruption in Congress and utter disregard for the Constitution. They are searching for candidates who are not career politicians, and who exhibit some ethics. The Liberty movement is producing some, and they will not tolerate the establishment party machine's disregard for those candidates. We have already seen this being played out in some races across the country.

I will also say that after the election and subsequent votes by Sen. Scott Brown (R) in Massachusetts, Tea Partiers are going to be much more careful of who they support. The clear Liberty candidate in that race was Joe Kennedy (no relation to Ted Kennedy), but we know who the establishment GOP wanted. Then again, a GOP win for that seat (even if it was a RINO) was still a miracle.

Tea Party Summit?
In the end, the Liberty movement may very well say to the GOP, "Join or Die".


People are seeing that Socialist policies from the Left are just as bad as Fascist and intrusive policies from the Right.

Both represent tyranny.

Friday, June 11, 2010

Tax Hikes and the 2011 Economic Collapse

Tsunami


This from ARTHUR LAFFER at the Wall Street Journal:

...It shouldn't surprise anyone that the nine states without an income tax are growing far faster and attracting more people than are the nine states with the highest income tax rates. People and businesses change the location of income based on incentives.

Likewise, who is gobsmacked when they are told that the two wealthiest Americans—Bill Gates and Warren Buffett—hold the bulk of their wealth in the nontaxed form of unrealized capital gains? The composition of wealth also responds to incentives. And it's also simple enough for most people to understand that if the government taxes people who work and pays people not to work, fewer people will work. Incentives matter.

People can also change the timing of when they earn and receive their income in response to government policies. According to a 2004 U.S. Treasury report, "high income taxpayers accelerated the receipt of wages and year-end bonuses from 1993 to 1992—over $15 billion—in order to avoid the effects of the anticipated increase in the top rate from 31% to 39.6%. At the end of 1993, taxpayers shifted wages and bonuses yet again to avoid the increase in Medicare taxes that went into effect beginning 1994."

Just remember what happened to auto sales when the cash for clunkers program ended. Or how about new housing sales when the $8,000 tax credit ended? It isn't rocket surgery, as the Ivy League professor said.

On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision in the Bush tax cuts.

Tax rates have been and will be raised on income earned from off-shore investments. Payroll taxes are already scheduled to rise in 2013 and the Alternative Minimum Tax (AMT) will be digging deeper and deeper into middle-income taxpayers. And there's always the celebrated tax increase on Cadillac health care plans. State and local tax rates are also going up in 2011 as they did in 2010. Tax rate increases next year are everywhere.

Now, if people know tax rates will be higher next year than they are this year, what will those people do this year? They will shift production and income out of next year into this year to the extent possible. As a result, income this year has already been inflated above where it otherwise should be and next year, 2011, income will be lower than it otherwise should be.

Also, the prospect of rising prices, higher interest rates and more regulations next year will further entice demand and supply to be shifted from 2011 into 2010. In my view, this shift of income and demand is a major reason that the economy in 2010 has appeared as strong as it has. When we pass the tax boundary of Jan. 1, 2011, my best guess is that the train goes off the tracks and we get our worst nightmare of a severe "double dip" recession.

In 1981, Ronald Reagan—with bipartisan support—began the first phase in a series of tax cuts passed under the Economic Recovery Tax Act (ERTA), whereby the bulk of the tax cuts didn't take effect until Jan. 1, 1983. Reagan's delayed tax cuts were the mirror image of President Barack Obama's delayed tax rate increases. For 1981 and 1982 people deferred so much economic activity that real GDP was basically flat (i.e., no growth), and the unemployment rate rose to well over 10%.

But at the tax boundary of Jan. 1, 1983 the economy took off like a rocket, with average real growth reaching 7.5% in 1983 and 5.5% in 1984. It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.

Consider corporate profits as a share of GDP. Today, corporate profits as a share of GDP are way too high given the state of the U.S. economy. These high profits reflect the shift in income into 2010 from 2011. These profits will tumble in 2011, preceded most likely by the stock market.

In 2010, without any prepayment penalties, people can cash in their Individual Retirement Accounts (IRAs), Keough deferred income accounts and 401(k) deferred income accounts. After paying their taxes, these deferred income accounts can be rolled into Roth IRAs that provide after-tax income to their owners into the future. Given what's going to happen to tax rates, this conversion seems like a no-brainer.

The result will be a crash in tax receipts once the surge is past. If you thought deficits and unemployment have been bad lately, you ain't seen nothing yet.

The tsunami is coming.

What all this federal tax and spend/bailout legislation has accomplished is growing the welfare nanny state. America grows more in debt and more investment capital will just be sent overseas along with hope of any real growth in the private sector .

Government only gets money it spends from the taxpayers - or by printing more of it. The taxpayers would have done something with their money if wasn't taxed away from them. They might consume or they might invest or they might just accumulate their wealth for future use. Therefore every dollar spent by the government is a dollar not spent by private citizens, or by businesses. Of course if the government prints more money - we just end up with massive inflation. Government doesn't really produce anything and it certainly is not controlled by natural market forces. By redistributing wealth they just create people dependent on government programs. We need to downsize government.


One commenter on Laffer's article had this to say:
It would be easier to sleep at night if I believed the regime WAS actually clueless. I now think the truth is much, MUCH worse. That their ultimate goal is to destroy the private sector and seize its wealth, ensuring the majority of the population is absolutely dependent upon the feds' 'largesse'.

How else do you explain the endless mandates, regulations, taxes and 'incentives' which are all about controlling behavior and rewarding voting blocks? The near one-half of this country who pay no federal taxes do NOT 'deserve' to take more from those who do.

I read "Atlas Shrugged' again for perspective, and the similiarities are absolutely frightening. Ayn Rand saw the future, and it IS ours, and it IS terrifying.

Nothing less than a wholesale dispatch of tthe LOOTERS in Congress who are responsible will bring ANY hope of avoiding the same dystopia Rand foresaw. (And yes, that includes MANY Republicans!)

Truly, I don't believe we have much time to stop the total and absolute destruction of our way of life.

Yes, this has been brought to us by people on both sides of the aisle - not only in Washington, but in some of our own state legislatures. We are spending far more than we can afford. We are in enormous debt, and our elected officials seem to think that we can borrow and spend our way into "prosperity". They also think that the average person can pony up for every tax increase they can throw at them. They couldn't be more wrong! The breaking point is being reached. More government spending and higher taxes are hurting this country and its citizens at every level of government.

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance."

- CICERO - 55 BC
I guess we haven't learned much since 55 BC.

Thursday, June 10, 2010

POTUS Is Looking To Kick Ass



What a dignified statement for the supposed "Leader of the Free World".

The man is such an embarrassment.

Maybe he can explain why his buddies at Goldman Sachs sold 47% of their BP holdings just 3 weeks before this happened and just after Obama proclaimed "Drill, Baby, Drill"

... Or why the CEO of BP also sold off 1/3 of his own BP holdings a few weeks before the "accident".

Yeah Mr. Prez... just what we need - some meaningless Chicago "Tough Talk".

Now it's off to limit oil production and ram through Cap and Trade.
The only ass that will be kicked will undoubtedly be the taxpayers and consumers.

Len Suzio - Meet And Greet


Len Suzio's acceptance speech at the nominating meeting in Middlefield.

MEET AND GREET
JUNE 22, 2010
7:00PM

At the home of Liz DePalma
323 Sir Walter Drive
Cheshire, CT

We are very fortunate to have Len Suzio, a fantastic candidate this year running against incumbent State Senator Thomas Gaffey, Co-Chairman of the Education Committee. Len is a successful businessman with a economics background who served for many years on the local Board of Education.

Gaffey is a long time incumbent who does not respect homeschooling and who repeatedly has attempted to further regulate the rights of parents. In addition, Gaffey is a career politician who, it has been reported, has double billed the state for his expenses on more than one occasion.

Len Suzio, on the other hand, is an honest man who has homeschooled some of his children over the years, in addition to having them in public school. Len respects homeschooling. Len also has a lot of great ideas for fiscal responsibility. He runs a company called Geo Data Vision, has been involved in banking/finance, and is a Wharton School of Business Graduate. He also served on the Board of Education in Meriden for 12 years, where he advocated for fiscal responsibility and common sense in the operation of the public school system.

Len needs help with his campaign!

It’s time for Gaffey to go!

Therefore, Attorney Deborah Stevenson and Liz DePalma are holding a meeting on Tues. June 22 at 7 PM for those interested in finding out more about Len Suzio, and for those interested in helping Len with his campaign.

Please join us for this exciting and informative meeting.

Feel free to contact Liz if you are interested in hearing more, and to get directions to her home in Cheshire - 203 271 2330 liz.depalma(at)sbcglobal(dot)net

Please also RSVP directly to Liz.

Hope you can come!!!