Why they call it a 'BS' degree

Democrats are wrong about government spending and job creation

Note that the official William J. Clinton Presidential Center website claims that during Bill Clinton’s administration the nation "Moved from record federal deficits to record surplus" and "Began paying off the national debt" while "[Creating] nearly 23 million jobs" and supporting the "Fastest and longest real wage growth in over three decades." Also, during this time "Family income reached record highs, "Unemployment was the lowest in over three decades," the "Lowest overall poverty and child poverty rates since the 1970s," and "Lowest percentage of Americans on welfare in 32 years" was also achieved.

How did they do it?

• They reduced the size of government, having the "Smallest federal civilian workforce in 40 years."
  
• They reduced the burden of federal spending on the economy by having the "Lowest federal spending as a share of the economy since 1966" and the "Slowest per capita growth of government spending since the 1950s."

TODAY'S DEMOCRATS ARE WRONG!

What Obama said when he was a senator…

Remember this quote from Senator Barack Obama?

“The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” ~ Senator Barack H. Obama, March 2006

If he was insincere then, what do you think he is now?!? Remember that quote in the coming election.

Work together... act responsibly... a little common sense

"[M]y fellow citizens, let us join in a new determination to rebuild the foundation of our society, to work together, to act responsibly. Let us do so with the most profound respect for that which we preserved as well as with sensitive understanding and compassion for those who must be protected.

"We can leave our children with an unrepayable massive debt and a shattered economy, or we can leave them liberty in a land where every individual has the opportunity to be whatever God intended us to be. All it takes is a little common sense and recognition of our own ability. Together we can forge a new beginning for America." -- Ronald Reagan (1981)

Judgment Day: We're out of time

"Over the years we've let negative economic forces [like government spending, government debt, inflation and taxes] run out of control. We stalled the judgment day, but we no longer have that luxury. We're out of time." -- Ronald Reagan

See post below to TAKE ACTION TODAY!

Thank you.

We'll never build a lasting economic recovery...

"The fact is, we'll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before." -- Ronald Reagan (1976)

Political cartoon from Chicago Tribune (1934)

Please listen to the WARNINGS!

Here's a message I just sent to many members of Congress:

Recently, an essay published by the governor of the People's Bank of China appeared to favor the creation of an IMF currency to replace the U.S. dollar as the world's reserve currency. This, of course, is a tragic sign as the U.S. has been the safe haven for investors from around the world for the greater part of the last century.

In Europe, the outgoing president of the European Union, the Czech Prime Minister Mirek Topolanek, described America's current plan to fight the widening global recession as the "road to hell." Then British Member of the European Parliament Daniel Hannan made worldwide news headlines by rebuking the UK's own inflationary and debt-focused policies.

Meanwhile, Pres'ent Obama's administration carried on an effective public relations campaign to convince the U.S. citizenry and the rest of the world that if the world just worked together, everything would be "okay" -- even if they worked together mostly doing the WRONG things. That seemed to pretty much put most everyone back to sleep.

The Washington drumbeat is that our economic woes result from a lack of consumer spending. Therefore, Pres'ent Obama and the Democrat-controlled Congress seem intent on making up for all the U.S. citizens by spending money the government does not have. It hardly seems reasonable that the cure for the sick man's disease is to drain blood from his leg while trying to inject it back in his arm.

To postpone inevitable (formal) tax increases, it seems the Obama administration is content with a strategy of printing money. Of course, printing money is just another form of taxation. Rather than taking money out of the citizens' pockets, the administration is satisfied with simply robbing the currency itself of its purchasing power.

The things that are lacking in the current worldwide recession are PRODUCTION and CAPITAL (trillions of dollars of capital having been destroyed in the bursting of the "bubble"). It is PRODUCTION, not spending, that will building capital and restore purchasing power -- not the printing of currency that is ever more diluted in value. Besides, if the government simply prints more money, it won't allow Americans to buy more things because the things. They will just be able to buy less stuff at higher prices.

Obama's economic advisers seem to have convinced themselves -- and Congress -- that more debt and government spending will restore growth and ultimately allow the repayment of the huge debt. However, when all of the entitlement obligations come due over the next decade (i.e., Social Security, Medicare and other welfare), these obligations will amount to TENS OF TRILLIONS OF DOLLARS and the federal government will have NO ALTERNATIVE but to repudiate much of the debt (perhaps through hyper-inflation as other nations have done).

But, even if that were not true, Pres'ent Obama's assumption that additional borrowing and spending will restore growth is wrong on the face of it. IN FACT, MORE CONSUMER DEBT AND GOVERNMENT SPENDING WILL UNDERMINE OUR ECONOMY AND KEEP IT FROM GROWING. We borrowed and spent ourselves INTO this current situation. We must now SAVE AND PRODUCE ourselves OUT of the recession.

However, as long as the Pres'ent Obama administration and Congress are intent on propping up the FALSE ECONOMY, rather than letting it COLLAPSE, their CAN BE NO REBUILDING of a GENUINE ECONOMY.

Calls from other nations that actually see things clearer than do we will simply get LOUDER AND LOUDER until we are willing to FACE THE UGLY TRUTH.

What are YOU going to tell them?

A Reminder to Some Democrats in the House

Here's a letter I just sent to several Democrats in the U.S. House of Representatives:

Wasn't it Barack Obama that told us that any stimulus plan should be "TIMELY, TARGETED AND TEMPORARY"? Which parts of "targeted" and "temporary" does the Democrat party NOT understand?

Wasn't it Barack Obama that said, "I'm cutting more than I'm spending, so that it will be a net spending cut." Would you please respond by telling me how that math works with what the Democrats have just done?

And wasn't it Nancy Pelosi that said (three years ago): "[W]e'll go forward with civility, with honesty, with integrity and with fiscal discipline. No new deficit spending, no new bridges to nowhere, heaping mountains of debt on our children..." Please check with Speaker Pelosi to see which parts of this statement she intends to actually perform -- or was it ALL LIES?

The same kind of TRICKERY on the American citizenry that leads the DEMOCRAT PARTY to "move as quickly as possible and write as vaguely as possible" (Tom Daschle) so that Congress may foist upon Americans whatever it chooses -- without having to actually face the citizens or the opposing party in public debate on the issues. Have you NO CONSCIENCE? Have you NO HONOR? Have you NO CONCERN FOR THE CONSTITUTION of the United States of America?

How can you, by any stretch of the imagination, call yourselves PUBLIC SERVANTS?

What are YOU going to tell them?

Economists Against the Stimulus Plan

See the list of economists against the Democrat stimulus plan by clicking here.

A Thread from a Linked-In Discussion

James:

2009 and a New President

Hello All,

How do you think the new year and new administration will effect either the industry you are in or your company indirect or directly?

Personally, I am in the banking industry, I am unsure what all this means for the banking industry.

Me:

DECLINES in personal liberties, national security, free enterprise, free markets, the benefits of capitalism and the value of the U.S. dollar.

INCREASES in taxes, federal regulations, socialist policies, fascist polices and risks to U.S. interests abroad.

James:

I am interested in hearing where this has all been stated. Is this a generalization or factual based statements on the new president. Also, I do see that the opposite of what your stating has not work over the past 8 years, so are you proposing what needs to happen?

Me:

Well, the previous administration inherited a recession, was afflicted by the economic outfall of 9/11/2001, and still managed to bring us 24 (or was it 26?) consecutive quarters of sustained growth with almost no inflation.

The new administration intends to takeover 15% of the U.S. economy via a federal health care program, which will INCREASE taxes; INCREASE federal regulation of the health care industry; REDUCE our individual liberty to choose our own path to health care; REDUCE the free market and free enterprise incentives to health care excellence in the U.S.; and emulate the socialist policies of other nations that have government-run health care. (That's just one example.)

Furthermore, the current economic stimulus package -- falsely so-called -- is nothing more than a virtual fire hose of money thrown at special interests and public works, and accompanied by "tax incentives" -- most of which are nothing more than the redistribution of wealth, since they are giving the so-called incentives mostly to those who DO NOT pay federal income taxes at all.

If the federal government intends to CONFISCATE THE MONIES of the wealth-producing populace through its foolish tax policies, at least DO NOT also insult our intelligence by telling us that the politicians are now going to HELP US by returning to us some small portion of what they have taken!

Yes, my statements are based on FACT -- historical facts. NOWHERE IN HISTORY has an economy been "stimulated" by confiscatory tax policies. NOWHERE IN HISTORY has socialism or fascism been demonstrated to improve the economy of any nation. Socialism, as instituted under the Soviet regime, managed to make the world's largest wheat EXPORTER (Russia) into the world's largest wheat IMPORTER (U.S.S.R.) in a matter of a few short years. (Were it NOT for the grace and supply of the U.S. government and the productivity of American agriculture, the Soviet government could not have survived for the 70 years that it did without major wars of aggression to seize new lands that it could pilfer and destroy.)

Show me any nation on earth where BIG GOVERNMENT has led to MORE personal liberty? Despite what President Obama said in his inaugural address, the SIZE OF GOVERNMENT DOES MATTER. The fact that a larger government, by its nature, results in or feeds upon more regulation is de facto evidence that BIG GOVERNMENT leads to a reduction in personal liberties.

Are we all looking forward to the day when the government's intervention in the auto industry gives us the grand selection of automobiles that was available to the typical citizen of the Soviet Union, and we, like the Soviet citizen, must "apply for" a vehicle and wait a year or two to take delivery of it?

Are we all looking forward to the day when the government's meddling in markets and confiscatory tax policies remove all incentives to excellence amongst our manufacturers? Then, perhaps, one day we will be just like the U.S.S.R. where the most common cause for house fires was -- of all things -- exploding television sets!

Are we all looking forward to the day when the government's ill-conceived "green" policies drive the price of gasoline to $5.00 a gallon or higher? Meanwhile, our food prices skyrocket because we've made our machines competitors for our food supply through government subsidized ethanol programs.

I wish -- even HOPE -- that I am wrong in my assessment. Meanwhile, I have grave concerns that I am not.

Humor from the Patriot Post

from Patriot Post. Enjoy.

Another Open Letter to Republicans in the U.S. House and Senate

I just sent the following to Republican leaders in the U.S. Congress:

Honorable Madame or Sir:

I urge you to oppose legislation that would raise tobacco taxes to expand the State Children's Health Insurance program. Trying to tap more funds from a shrinking source of revenue doesn't make much sense. I'm also concerned that this bill would open the door to a bigger, riskier and more SOCIALIST federal role in health care.

Congress shouldn't be raising taxes on ANYTHING during these tough economic times, but hitting tobacco products to fatten SCHIP spending is especially silly. We would actually need to recruit millions of new smokers just to be able to meet the new spending commitments. I'm worried that other TAX HIKES that I would pay will surely follow in order to cover for the long-term costs of this SOCIALIST legislation.

I've had enough of these budget-busting games. I urge you to VOTE AGAINST any attempts to TAKE THE FEDERAL GOVERNMENT IN AN EVER-INCREASING SOCIALIST DIRECTION with more programs and higher taxes.

What are YOU going to do?

Open Letter to Republican Leadership in Congress

I just sent the following to Republican leadership (if they may be properly so called) in the U.S. House and Senate:

Honorable Madame or Sir:

With regard to the onslaught of socialist economic policies and spending – including absolutely ridiculous so-called “green” initiatives that are really “red” under their subtle shrouds – that will be brought to the floor in the coming months, DO NOT SUPPORT THEM. Please do NOT lend your support nor “trade” your precious vote for by doing so you will be selling your soul and the soul of our great nation. If the Democrats intend to take the United States down the road to socialism economically and to put Marxists in the judiciary, then let them do it themselves. Let there NOT be one Republican vote in support of these ruinous measures.

What are YOU going to tell them?

Yet Another Stimulus Package Being Considered

I just sent the following letter to my delegates in the U.S. Senate and House of Representatives:

Dear _________________:

Please take your time putting together a stimulus package. And I would like to see the following changes made to the package:

1. Across the board corporate and personal income tax cuts to leave more money in the pockets of U.S. individuals and corporations for spending.

2. No more application of socialist means in attempts to 'save' capitalism. In other words, NO MORE BAIL-OUTS.

3. Reduce (suspend or permanently eliminate) burdensome, needless and costly restrictions on U.S. industries such as the ridiculous CAFE standards on the auto industry.

4. Open up the continental shelf and other areas for off-shore drilling immediately.

5. Open up ANWR for drilling immediately.

6. Provide some form of amnesty or a moratorium on frivolous law suits that presently inhibit or stop entirely the development of new oil refineries in the U.S.

All of these actions WOULD STIMULATE THE ECONOMY and WOULD LEAD TO JOB CREATION without reckless government spending and huge increases in public debt.

Thank you for listening.

What are you going to do?

Going "Green" Means Going "Red"?

Cato Institute's "techknowledge" newsletter reminds us that the whole "going green" approach by the federal (and state) governments will likely lead to more "going red" in two ways:

1. Increasingly socialist political manipulation of the economy, and
   
   
2. Increasing government debt (and taxes) as the politicians push agendas that are counter to growth, productivity and private investment.

One of the problems with the government throwing money at "green" initiatives is that some businesses will be incented to participate simply because they will benefit from the federal monies in the program. They will do this for short-term gain, even though the net and long-term effect on the general economy may be negative.

Take for example the foolishness of making our machines competitors for our food supply via the government-back ethanol subsidy programs. The corn supply -- a staple in the food chain -- is being diverted to provide fuel while there is a severe shortage of corn for food products such as livestock feed (leading to increased prices for meats), corn meal, corn syrup, and more.

Despite this craziness, major players like ADM and others are participating in the ethanol market simply because it is presently beneficial for them to do so. The problem is, on the one side, ADM's willingness to sacrifice the larger marketplace "good" for short-term gain. However, if the governments (state and federal) were not throwing non-market-driven money into the arena and distorting the market value, this foolishness would be entirely unsustainable.

Think about it.