Chrysler Bankruptcy and the Nathional Interest

The bond holders of Chrysler refused to be the victims of the government's efforts to sweep the company's problems under the rug. Predictably, Obama chastised them for not being willing to follow the path of destruction taken by the holders of GM's debt.

Earlier Thursday an administration official said the restructuring of Chrysler LLC will go forward even though a handful of hedge funds have refused to accept the Treasury Department's offer to cut the auto maker's debt.

"Their failure to act in either their own economic interest or the national interest does not diminish the accomplishments" by Chrysler, its planned alliance partner Fiat SpA and other stakeholders in the company, the official said, "nor will it impede the new opportunity Chrysler now has to restructure and emerge stronger going forward."

They are acting in their own economic interest. That is what the administration is condemning them for. They did not loan money to Chrysler because they wanted to perform some nationalist service, nor should they now sacrifice by losing even more than they all ready have for that reason. The government's efforts to destroy the bondholder's value will make it impossible for any company to raise capital by selling bonds, for no one will have the confidence that the government will not then steal the value of their investment for the "national interest."

Read this passage from Atlas Shrugged and ask if we are not already there:

...men who apologize for being rich- will not remain rich for long. Hey are the natural bait for the swarms of looters that stay under rocks for centuries, but come crawling out at the first smell of a man who begs to be forgiven for the guilt of owning wealth. They will hasten to relieve him of that guilt - and his life, as he deserves.

Then you will see the rise of the men of the double standard-the men who live by force, yet count on those who live by trade to create the value of their looted money - the men who are the hitchhikers of virtue. In a moral society, these are the criminals, and the statutes are written to protect you against them. But when a society establishes criminals-by-right and looters-by-law - men who use force to seize the wealth of disarmed victims - then money becomes it's creator's avenger. Such looters believe it is safe to rob defenseless men, once they've passed a law to disarm them. But their loot becomes the magnet for other looters, who get it from them as they got it. Then the race goes, not to the ablest at production, but to those most ruthless at brutality. When force is the standard, the murderer wins over the pickpocket. And then that society vanishes, in a spread of ruins and slaughter.

Producers and investors are the right and left hands of prosperity. Our politicians want to cut off the hands of investors and loot the fruit of the producer's labor all in the "national interest." No one will invest and no one will produce if no one but the looters will prosper.

Atlas will shrug.






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Politics, Economics, Taxes, justice,

Freedom and Tyranny, a book review

I stood in line with about 1000 others who were merely seeking to have a book signed by its author. The significant aspect was this book was not some work of popular fiction but the manifesto of political conservatives.

Many are frustrated with our elected officials. Mark Levin has made a name for himself as a talk show host pointing out the great divide between the citizens and the politicians who they elect to secure the rights enumerated in our Constitution. In his book "Liberty and Tyranny" Mr. Levin makes clear that we are no longer choosing between Republican and Democrat but between Statists and our Constitutional Republic. Both parties have become the agents of statism, nether is reposive to the voter but seeks only the acquisition and exercise of power.revealing the objective of the Statist

What I found in the book was the clear articulation of what I have always believed. Each of the first five chapters lays out the reason and principle behind the Constitution and the form of government the founders chose to give us. He makes the case that the Constitution secures rights for individual citizens because the founders recognized true liberty could only be individual liberty. Conversely he demonstrates how threatening individualism is to the aims of the statist.

For the Statist, Liberty is not a blessing but the enemy. It is not possible to achieve Utopia if individuals are free to go their own way. The individual must be dehumanized and his nature delegitimized. Through persuasion, deception, and coercion, the individual must be subordinated to the state....

Then in a later chapter, he lays out in an easy to understand manner how the federal government is supposed to work and how the states under federalism should be the incubators of solutions to the issues of society. Quoting justice Louis D. Brandeis:

"A single courageous state may, if its citizens choose, serve as a laboratory, and try novel social and economic experiments without risk to the rest of the country."

This of course has been precluded by the extra constitutional mandates of the federal government that forces the states into a conformity that serves the power hungry politicians in Washington rather than allowing free citizens to seek their own solutions.

Subsequent chapters deal with specific issues such as immigration, welfare and environmentalism. Each states the intention of the statist and the violence he does to our constitution to justify such things.

Finally the author sums up the course of action that the conservative must take to regain the government we are meant to have with the freedoms it guarantees. This was the chapter that I found most valuable. The others just reinforced what I already knew. The epilogue lay out a call to action that will take a long term outlook and effort. We did not get here overnight and we will not undo the damage overnight. As the poverb states, a journey of a 100 miles begins with the first step. This book resonates with those who believe in the individual which is why 1000 individuals waited hours to have such an important book signed by its author.








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fascists, Democrats, RINOs, Virginia, Freedom,

Introduction To American Socialism

We are a sovereign Christian nation with a superb Constitution.

Years ago, an orator reverently placed the Holy Bible on the lectern, saying, "This is for those who believe in God." Then he just as reverently placed on the lectern a copy of the Constitution, saying, "This is for those who respect the law." And then he pulled out a dagger and thrust it into the lectern, hissing, "And this is for the rest!"

Crooked legislators who accepted campaign donations from monster financial institutions they pressured into providing sub-prime loans to prospective voters then distracted the electorate by using the Internal Revenue Service of the Executive Branch to punish American International Group executives by using the Judicial Branch's authority to indict, prosecute and convict 73 United States citizens. So much for separation of powers. And justice.

A World Net Daily article posted on 27 November 2008 reported on a 2001 WBEZ FM radio station interview with Illinois state legislator Barack Hussein Obama. In the interview, Mr Obama said the United States has suffered from a fundamentally flawed Constitution that does not mandate or allow for redistribution of wealth. He said a "redistributive change" is needed, and cited a failure of the Warren court to "break free from the essential constraints" in the United States Constitution and launch a major distribution of wealth. He said the Supreme Court never ventured into the basic issues such as political and economic justice in society. He spoke of the Constitution as a "charter of negative liberties. [sic] Says what the states can't do to you. [sic] Says what the federal government can't do to you, but doesn't say what the federal government or state government must do on your behalf." He mentioned the "tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalition of powers through which you bring about redistributive change."

Fellow Americans, how do you like totalitarian communism so far?

Francis Baker
POMIL Research Analyst









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Federal Reserve Planting the Seeds of Inflation

"Nothing is as terrible to see as ignorance in action." - Johann Wolfgang von Goethe

The Federal Reserve, or more accurately the government, will be buying 30 year treasury bonds to "promote economic recovery and to preserve price stability,". While this action may get some immediate intended effect the result will be hyper inflation. There is only one way the Fed can purchase these bonds, by printing money. They are printing $1 trillion. All savings are in danger of losing value and the reason for this action, to keep interest rats low, will be thwarted because no sane banker will willingly lend at a low rate when inflation will destroy the value of that loan.

If one wished to dry up the credit market, this is the single best course of action to take. Stacked up on top of the massive deficit spending already in the pipe line and we are quickly heading toward a third world economy.









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Obama Plans to Raise Money by Charging Veterans for Medical Care

One has to marvel at the hutspa of this guy. Military Veterans, wounded in service to thier country would have to have private insurance reemburse the VA for continued treatment of service related injuries. These are citizens who were promiced the country they gave their bodies for would cover the cost of their care.

Contact: Craig Roberts of The American Legion, +1-202-263-2982 Office, +1-202-406-0887 Cell

WASHINGTON, March 16 /PRNewswire-USNewswire/ -- The leader of the nation's largest veterans organization says he is "deeply disappointed and concerned" after a meeting with President Obama today to discuss a proposal to force private insurance companies to pay for the treatment of military veterans who have suffered service-connected disabilities and injuries. The Obama administration recently revealed a plan to require private insurance carriers to reimburse the Department of Veterans Affairs (VA) in such cases.

"It became apparent during our discussion today that the President intends to move forward with this unreasonable plan," said Commander David K. Rehbein of The American Legion. "He says he is looking to generate $540-million by this method, but refused to hear arguments about the moral and government-avowed obligations that would be compromised by it."

The Commander, clearly angered as he emerged from the session said, "This reimbursement plan would be inconsistent with the mandate ' to care for him who shall have borne the battle' given that the United States government sent members of the armed forces into harm's way, and not private insurance companies. I say again that The American Legion does not and will not support any plan that seeks to bill a veteran for treatment of a service connected disability at the very agency that was created to treat the unique need of America's veterans!"

One should not be shocked, promises to Obama are like toilet paper, use them and toss them.

All this because he wants to raise some cash for some other vote buying scheme. Maybe if he's so hard up he should cancel one of his many parties at the white house such as the St. Patrick's Day - budget bash scheduled for the 17th.








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Obama, the Big O or a Big Oh, Oh

"I once said cynically of a politician,
'He'll doublecross that bridge when he comes to it.'"
- Oscar Levant

From The Washington Post 15 Sept.,2008

At a morning rally in Jacksonville, McCain noted what he called "tremendous turmoil in our financial markets and Wall Street,'' but continued to say he believes the economy is sound -- a line from his stump speech for which Democrats have mocked him.

"Our economy, I think, is still -- the fundamentals of our economy are strong, but these are very, very difficult times,'' McCain said. "I promise you, we will never put America in this position again. We will clean up Wall Street."

Sen. Barack Obama seized on McCain's assessment of the health of the economy, blasting the Republican for being "disturbingly out of touch" with the reality that everyday Americans face.

"I just think he doesn't know," Obama said in Grand Junction, Colo. "He doesn't get what's happening between the mountain in Sedona where he lives and the corridors of Washington where he works.... Why else would he say, today, of all days -- just a few hours ago -- that the fundamentals of the economy are still strong? Senator -- what economy are you talking about?"

From The New York Times 13 March, 2009

Mr. Obama said, "There are a lot of individual families who are experiencing incredible pain and hardship right now."

"But if we are keeping focused on all the fundamentally sound aspects of our economy," he added, "all the outstanding companies, workers, all the innovation and dynamism in this economy, then we're going to get through this. And I'm very confident about that."

Mr. Obama actually came close to using the same language that helped doom the campaign of his Republican opponent, Senator John McCain, who was hammered by Democrats last year for declaring that "the fundamentals of our economy are strong." Recognizing the danger in appearing too upbeat, however, the president and his advisers were careful to warn that recovery could take a long time.

Still, after weeks of emphasizing the dire nature of the economic crisis in order to pressure Congress to act on his proposals, Mr. Obama has lately tried to calibrate the tone to inspire Americans rather than stoke their fears. In fact, Lawrence H. Summers, director of the president's National Economic Council, said in a speech Friday that there was an "excess of fear."

There seems to be no end to the baloney offered up by the President. His say anything approach betrays an incompetence and ignorance that makes one marvel. This next piece of cheap lunch meat just makes one shake the head.

Obama also told business executives that the current economic crisis is no excuse to postpone costly federal investments in health care, energy and other areas.

He said the problems with financial markets are only a part of what threatens the economy. He said the country cannot keep ignoring long-term threats to the nation's prosperity, which he listed as medical costs, the U.S. dependence on oil and an education and fiscal deficit.

While one may agree with "medical costs, the U.S. dependence on oil ... and fiscal deficit" being part of the problem I can for the life of me only wonder how socialized medicine, inefficient alternative energy schemes and deficit spending will solve those problems. As for the education deficit, the destruction of the vouture system in Washington D.C. Would be an indication that Obama is not too keen on what the problem with education is.

It is looking like it's not just me but even his own people are beginning to wonder if Barack is the big O or a big Oh, Oh.

From the Telegraph.uk.co

A source close to Mr Obama's top team telephoned this newspaper last week to say that White House officials now regard it as "a mistake" to have returned the bust of Winston Churchill that the British government loaned George W. Bush - a story first reported by The Sunday Telegraph - and then to have sent the prime minister home with a gift of 25 DVDs after his visit to Washington.

Ya think?

The admission came as Mr Obama faced and upsurge of criticism from influential and previously devout supporters among American commentators, halfway through what Mr Obama hopes will prove the most consequential first 100 days since Franklin D. Roosevelt.

So far he has had a radical economic stimulus approved by Congress, but faces accusations that he and his team, who regard themselves as great communicators, have made presentational errors.

The veteran Newsweek political columnist Howard Fineman, previously an enthusiastic cheerleader, delivered a withering verdict under the headline "The Turning Tide", which concluded: "Obama still has the approval of the people, but the establishment is beginning to mumble that the president may not have what it takes."

Camille Paglia, the feminist writer who was early and vocal Obama fan, said: "Heads should be rolling at the White House for the embarrassing series of flubs that have overshadowed President Obama's first seven weeks in office."

She denounced "the fiasco of the ham-handed White House reception for British Prime Minister Gordon Brown" and said that Mr Obama's aides were a "posse of smirky smart alecks and provincial rubes" who seemed like "dazed lost lambs in the brave new world of federal legislation and global statesmanship". Ms Paglia added on Salon.com that Mr Obama "has been ill-served by his advisers and staff."

Nile Gardiner, the foremost conservative expert on the special relationship in Washington, is gunning for the official at the state department who told The Sunday Telegraph last weekend that Britain deserved no special favours and was "just the same as the other 190 countries in the world".

All that experience as a community organizer doesn't look so valuable as he claimed it would be, eh?

Well he can just blame Bush for all the trouble.

From The Washington Post 14 March, 2009

Over the past month, Obama has reminded the public at every turn that he is facing problems "inherited" from the Bush administration, using increasingly bracing language to describe the challenges his administration is up against. The "deepening economic crisis" that the president described six days after taking office became "a big mess" in remarks this month to graduating police cadets in Columbus, Ohio.

.








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Ragean Vs. Obama

In the end more than they wanted freedom, they wanted security. When the Athenians finally wanted not to give to society but for society to give to them, when the freedom they wished for was freedom from responsibility, then Athens ceased to be free. -Edward Gibbon

Hat tip to Old and Cranky for this vid..








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Obama's Perfect Storm

This one-party government, led by socialists, some of whom were trained by communists (Think Frank Marshall Davis and Paul Robeson), is rushing to nationalize every conceivable venue of individual liberty and privacy. The Bill of Rights, a pillar of the Constitution, is under special assault. Speed is essential to effecting change before the electorate can discover what is happening. Talk about a new regime hitting the ground running! Deployed government interventionists are ubiquitous.

Following are examples of the leadership's evident goals.

Politicizing the census.

Adopting carbon dioxide "Cap and Trade."

Exercising total weapons control through registration of every weapon in the Attorney General's data base.

Unionizing our entire labor force by mandatory "carding."

Abridgment of freedom of speech on the radio.

Activating a Constitution Convention to re-write that document. (Delegates to the convention will of course all be "Progressives.")

Totally socializing medicine, placing each person's personal data in a national automated data base and allowing bureaucrats, not doctors, to schedule appointments.

Accommodating illegal aliens, Islam's Sharia law, and persecution of Christians.

Annulling individual property rights and business contracts.

Taxing gasoline by the mile instead of the gallon.

Murdering the infirm and the unborn.

Emasculating our under-strength, incompletely structured and disrespected armed forces, underfunded for modernization, repair and maintenance of combat-stressed materiel, underfunded for advanced research and development, and subject to social engineering.

Assuring our creditors in Red China they need not worry about our indebtedness, because our government will exercise its right of eminent domain to seize private assets to satisfy foreign debts.

Deliberately adopting the spend thrift Depression era policies of Franklin Delano Roosevelt, knowing they will exacerbate the crisis.

Deliberate aggravation of the electorate, triggering revolt - and imposition of martial law.

Exacerbating crises and chaos in order to make changes not otherwise achievable.



Beware the cool and flamboyant benevolent dictator! Selfish politicians are pushing our country into quicksand - cruelly water boarding us into conceding that the future is irretrievably desolate. This new administration and the Congress are becoming characterized by deceit, false promises, misleading reports, individual income tax evasion, secrecy, and censorship.

Only an informed electorate totally committed to support and defense of the Constitution can preserve our republic now. The Tenth Amendment should be our touchstone.


Francis Baker
POMIL Research Analyst.








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Stimulus is Working 25 Down 3499975 to Go

Obama flew to Ohio to read the teleprompter at the graduation of 25 firefighters who got called back when the stimulus money arrived. I would venture that the cost to the taxpayers for his jaunt would compare to the CEOs of the auto companies flying to Washington to talk to Congress but this trip is very important. The stimulus bill brought 25 jobs back! It wll only provide the money for one year, then the local government is on its own to try and figure out how to keep these positions open. Not to worry, Obama willl have more wealth to spread around next year.

I wonder how long it will take him to visit the remaining 3,499,975 people that will get hired because of the stimulus?








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Protesting Global Warming Today in Washington D.C.

One has to thing God has a sense of humor. Two contrasting stories in the news about sums it up.

Climate concerns spur power plant protest
By Jordy Yager
Posted: 03/02/09 06:53 AM [ET]
Several thousand people are expected to descend on the Capitol Power Plant (CPP) Monday afternoon to protest its continued use of coal.

House Speaker Nancy Pelosi (D-Calif.), who last week requested the plant shift to use the more environmentally-friendly natural gas, is planning to hold a press conference of her own Monday morning in support of discontinuing coal use at the plant.

The protest was organized by environmental groups like Greenpeace and the Rainforest Action Network (RAN) who have battled with lawmakers from coal producing states such as Senate Minority Leader Mitch McConnell (R-Ky.) and Sen. Robert Byrd (D-W.Va.).

"The more than 2,500 people coming to Washington to call for a solution to the climate crisis and (put) an end to the use of coal are still coming because the climate is still in crisis and coal is still driving that crisis," said Michael Brune, executive director of the RAN.

.

The counter protest...

Storm dumps up to 10 inches of snow
Transportation officials keep close watch on first major system of season
Joseph Weber (Contact)
Monday, March 2, 2009

The District had received roughly 3 inches and was expected to get 1 or 2 more before the powerful, late-winter storm moved into the Northeast, according to the National Weather Service.

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Forgotten Soldiers

Reportedly, our one-party government comprising the congress and the administration, having taken giant steps toward the destruction of our economy with massive giveaway, vote-grabbing, spending programs, both foreign (Gaza) and domestic, sometimes euphemistically labeled "stimulus" efforts, now uses that spending as an excuse to emasculate our soldiers with immediate defense budget cuts.

Typically, these soldiers are devoted to the Constitution and highly skilled in what they do. Under-strength, they serve repetitive tours in combat zones in the everlasting World War against fundamental Islamists while their families soldier on without them. Equipment damaged and destroyed in combat needs repair and replacement. Advanced materiel, and ever more sophisticated weapons systems research and development are desperately needed as Iran perfects its nuclear capability. We do need to man, equip and train a separate conventional-war-fighting armed forces group to cope with the threats from Red China, Russia, Iran and North Korea.

To think of cutting instead of increasing defense funds at this time is not only callous and dis-respectful toward our soldiers but also Treasonous.

To paraphrase Jeremiah Wright, who cursed America, SHAME on you, Nancy Pelosi, SHAME on you Barney Frank, SHAME on you, Harry Reid, SHAME on you, Hillary Clinton and SHAME on you, Barack Obama.

Now is the time to beat plowshares into swords - to gear up a massive, forward-looking defense industry employing high-tech labor - vice make-work highway projects with unskilled workers leaning on shovels, like FDR's Work Projects Administation and Public Works Administration "workers" during the Depression

Duty-dodgers just give speeches. Soldiers serve.

Francis Baker
POMIL Research Analyst
giarmy@earthlink.net






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Tea 2

Friday I will be attending the Washington D.C. Tea Party. It is a gathering of people fed up with the Federal Government's latest grab of what is left of the fruit of our labor. I will be live blogging from the grounds of the Washington Monument so check in to keep up with what is going on.

Meanwhile, chew on this.

"You cannot bring about prosperity by discouraging thrift. You cannot help small men by tearing down big men. You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer. You cannot help the poor man by destroying the rich. You cannot keep out of trouble by spending more than your income. You cannot further the brotherhood of man by inciting class hatred. You cannot establish security on borrowed money. You cannot build character and courage by taking away men's initiative and independence. You cannot help men permanently by doing for them what they could and should do for themselves." -William Boetcker

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Clueless in Washington DC

Does one have to get an Ivy League education to make sense out of this mess or have these people let their schooling interfere with there education?

Clinton asks China to buy US debt

US Secretary of State Hillary Clinton has urged China to keep buying US debt as she wrapped up her first overseas trip, during which she agreed to work closely with Beijing on the financial crisis...

... In Beijing, she called on authorities in Beijing to continue buying US Treasury bonds, saying it would help jumpstart the flagging US economy and stimulate imports of Chinese goods.

.

Obama assures Harper on 'buy American' provision of stimulus

President Barack Obama on Thursday moved to reassure business and trade partners that the "buy American" provision of the economic stimulus package will not further harm the economy...

... Initially, the stimulus bill required that infrastructure projects funded by the legislation could only use U.S.-manufactured materials, such as steel and iron.

The provision was later modified to say that such procurement must conform with existing trade pacts, a concession allowing trade partners such as Canada, Japan, Mexico and others to benefit from U.S. public works spending....

... Daniella Markheim, a trade policy analyst at the Heritage Foundation, said several large countries including Brazil and China do not have government procurement deals with the United States and would be locked out — and could retaliate with tougher protectionist policies of their own.

In the worst-case scenario, Markheim said, "The U.S. could be committing to buy American while the rest of the world is committing to 'don't buy American.' "

While he is begging foreign governments to fiance our debt, Obama wants to stiff them on trade, just as he did the city of Chicago with the bill for his election night party.



This bunch are riding us down the road to ruin.







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Stimulus Protests Springing UP

While the White House is laughing and saying "Let them eat pork." People are putting together impromptu protests across the country. Michelle Malkin is posting the info as she gets it. Investor's Business Daily is taking notice and I have joined the Washington Tea Party site to get ready for the Feb. 27 gathering at the Washington Monument.

Host: Washington Tea Party
Type: Causes - Rally
Network: Global
.
Time and PlaceDate: Friday, February 27, 2009
Time: 12:00pm - 2:00pm
Location: Washington Monument
City/Town: Washington, DC

While gatherings at the monument are of limited value, I think that carrying this back to the local offices of members of Congress will get some attention.Antone interested in a local gathering can leave a comment with there email address.

ACORN is busy forming protests where they are telling people who aren't paying their mortgage to refuse to leave the house. We need to show up at these events and counter this nonsense.

I was there in Washington. Go here for the pictures and comments






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White House Laughs at Santelli

The President appears to think Rick Santelli is some kind of laughing stock, as he also does you and I.

At the presidential press briefing today, press secretary Robert Gibbs eagerly responded to a reporter's question about Rick Santelli's rant amid sympathetic, angry traders at the CME Group in Chicago.

"I've watched Mr. Santelli on cable the past 24 hours or so," Gibbs said, according to an account by the newssite Politico. "I'm not entirely sure where Mr. Santelli lives or in what house he lives, but the American people are struggling every day to meet their mortgages, stay in their jobs, pay their bills, send their kids to school.

"I think we left a few months ago the adage that if it was good for a derivatives trader that it was good for Main Street," the White House spokesman continued. "I think the verdict is in on that."

Gibbs contended Santelli "has argued, I think quite wrongly, that this plan won't help everyone."

"This plan helps people who have been playing by the rules. ... I would encourage him to read the president's plan. ... I'd be more than happy to have him come here to read it. I'd be happy to buy him a cup of coffee – decaf," Gibbs said.

News flash for Obama, nobody outside of Washington is laughing.







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Obama Will Make Me Rich

Some people are in for a very rude awakening. Check out the audio link. This woman is living in a dream world.

audio

Thanks to the Don Morrison Show for this.








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Stimulus Fraud

The current U.S. economic crisis presents opportunities to do things not normally possible - as the president's chief of staff has said about all national crises. Inspired by San Francisco socialists, Chicago shady characters, tax cheats and a complicit media, the administration and the congress intend to take us down the old, destructive, wild-spending path of Franklin Delano Roosevelt, instead of the proven, recession-busting, tax-cutting ways of John F Kennedy and Ronald Reagan.

Not only are the social Democrats about to spend us into oblivion, thus weakening us to the point of irrelevance as a world power; but, they also aim to cut our defense budget by ten percent or more and pull our troops out of Iraq.

Are the socialists stupid? Ignorant? How could they possibly ignore that the three thousand people and the world-class buildings in which they were working were suddenly vaporized without warning? And, surely it is common knowledge in the halls of power that we have thousands of tons of damaged and destroyed war materiel in need of repair and replacement, and a huge, un-addressed, conventional war threat facing us from Red China, Russia, Iran and North Korea.

Our socialist globalists have it in their power to reduce this nation to economic and military mediocrity; and that is exactly what they are poised to do. Our free republic nationalists must not let this happen.

We need to stop all the bail-outs in their tracks. We need to declare immediately a moratorium of at least six months on FICA and federal income tax. And we need an industrial surge to rebuild our shattered counterinsurgency military forces, and organize, man, equip and train an overpowering conventional warfare force.

The tax cuts and defense industry expansion would solve our economic problem while deterring the national security threats. And the craven, power-hungry socialists who would fraudulently foist an irrelevant so-called "stimulus" plan down our throats would be kicked out of government at the next election.

Francis Baker
POMIL Research Analyst
giarmy@earthlink.net.








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Obama Makes the Case for the Stimulus

The President asked if I would share this video with my friends and family. Below I will share my thoughts on what he says.


.
My comments will be preceded by the time index of the video if you wish to go back and hear what I am commenting on.

0:19 Washington does need to change but this pork laden bill is more of the same to the extreme.

0:24 Spending like a drunken sailor sounds like a worn-out and tired idea to me.

1:11 Washington is really slow getting the news on this one. Even the CBO has said this bill will make the recession worse over the long term. The economic recovery plan that came out of the House is very Different from the one that is in the Senate, so which one is he talking about?

1:23 If this economy will fall $1 Trillion short, how does spending $1 Trillion get us anywhere. Aren't we ending up in the same place? Even the White House has said there is a 30% chance this plan will not work. Why not break this thing into its component parts and debate the value of each part separately?

!:43 Who decided this is what Americans need to do?

1:48 Seems he has dropped the claim he will create 3 million jobs and now just wants to save or create that many. The math is still not encouraging, $800 billion divided by 3 million is $270,000 per job saved or created!

2:18 How does training an army of science teachers do anything about our current economy? How many years will it take to train the teachers who will then teach the children who will then graduate from school and go out and find jobs?

2:25 Again, how long will building out the electric grid take before anyone sees any benefit. If as he says we need to address this crisis now, why is he talking about stuff that will take years to realize any effect in the economy?

2:33 Doubling our capacity to produce renewable energy before the technology exists? More pie in the sky by and by that has no effect on our current situation.

2:39 Fighting the battles of the past while ignoring a current crisis in Kentucky where people have been living without electric power for weeks.

2:48 Handing out checks didn't help New Orleans recover any more than it will the nation. The reality is they must take the money away first before they can give is back while most of it disappears in the process.

3:23 Serving? More like sticking it to the next couple of generations. They are the one's who ultimately will pay this bill.

3:29 I would believe this if Fox News wasn't already having to sue the government to get any information on how the TARP funds have been spent. All talk, no reality.

3:58 He's right and the bottom is getting angry already and he's hasn't been President for a month yet.







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Sen. Webb Bemoans Wealth Gap While Attending Luxury Reteat

The Democrats spent $100,000 of taxpayer money to attend a retreat in Williasburg, Va. While in attendance, Virginia Senator Jim Webb went to a ceremony celebrating the founding of the College of William and Mary, where he received an honorary doctor of public service degree. There he called for his colleagues to do something about the gap between the rich and poor.

The irony of doing so at such an event has escaped the Senator.








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Sen. Warner's Reply to My Email on the Stimulus Vote.

Thank you for contacting me with your views on the economic stimulus
package. In order to best represent you as your United States Senator,
it is vital that I hear your view on this and other important matters.



We have received a large volume of correspondence from across the
Commonwealth both in favor and opposed to the stimulus. I certainly
understand concerns about the size and scope of the bill and about
certain provisions included in the package, especially in light of how
poorly the first half of the Troubled Asset Relief Program (TARP) has
been administered. In the Senate, I will continue to work with the new
Administration on the expenditure of the second half of TARP to ensure
more accountability and transparency so that Virginians know exactly how
this money is being utilized.

While he says that my input as a constituent is vital, he prefers to drink the Obama Kool Aid. As for transparency, Fox News has had to sue to get any information on how the first mountain of TARP money was dispensed.

In regards to the American Recovery and Reinvestment Act, although no
effort on this scale will be perfect, President Obama and the relevant
Congressional committees have been in close consultation with state and
local officials and a wide range of economic experts to develop an
approach which represents a prudent and effective path to economic
recovery. As a newly-elected Senator, I have come to this process late
in the game, but I am working to make certain that these funds are
directly targeted to job creation and "shovel ready" initiatives. To do
nothing in the face of this economic crisis could lead to catastrophic
consequences for small businesses and working families across the
country.

Pork projects look best to Sen. Warner. It seems he thinks what's best for government is best for America. The "As a newly-elected Senator," line doesn't fly. He sought one of the highest offices in the nation and now wants to cry inexperiance? To do something stupid rather than nothing would be infinitely more destructive.He was going to bring his business experience to the Senate to deal with such problems yet he has chosen to deffer to the Status Que.

The committees drafting the legislation have provided for unprecedented
oversight, accountability and transparency in the measure so that
taxpayers' money is handled carefully and used in the most efficient and
effective manner possible. You should know that a Recovery Act and
Transparency Board will oversee the disbursement of the funds and a
website provided by the White House, www.recovery.gov
, will post detailed information about
recovery spending.

In light of the afore mentioned lawsuit and the lack of any public review of the SCHIP law that got shoved down our throats, I doubt these boards will be anything more than more Kool Aid drinking Obamatons

Again, thank you for your input. As we move forward in the 111th
Congress, please continue to be in touch with your opinions and
concerns.


Sincerely,
MARK R. WARNER
United States Senator

.
I shall.







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