Archive for February, 2009

Republicans, you’re on notice…

Posted in Uncategorized on February 26, 2009 by keepthechange08

read this thing-

http://www.rules.house.gov/111/LegText/111_omni2009.htm

Of the 9,000+ earmarks in this bill, 40% were put there by House Republicans.

Hey, Republicans…let me clue you in on why you keep losing elections…

YOU’RE ACTING LIKE DEMOCRATS!!!

In all, 3.8BILLION in earmarks were added to this bill by Republicans, which is just beyond shameful.  It’s time we start demanding full disclosure from our elected officials, it’s time that we make them know that this is OUR money!

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Dear Leader either doesn’t get it or doesn’t care

Posted in Uncategorized on February 26, 2009 by keepthechange08

http://www.bloomberg.com/apps/news?pid=20601070&sid=aFsqsDD7lF1Y&refer=home

So, apparently the nightmare scenario of raising taxes during a recession is about to come to pass.  Rather then attempt to stimulate business expansion and job creation, Obamacus has decided that those evil rich have to pay their share, regardless of how damaging an effect it has on the economy.

As far as I can see (and understand, I’m not the most educated guy out there, I just pay attention to things), placing punitive tax measures on those who create jobs and wealth at a time when the creation of jobs and wealth is vital is a BAD THING…I mean…am I missing something here?  Granted, I wasn’t president of the Harvard Law Review, but I have enough common sense to understand that when you penalize somebody for making beyond a certain level of income they’re going to do their level best to ensure that they DON’T achieve that level of income…aren’t they?  I would.

So, somebody tell me this- when you raise taxes on those making above a certain level of income, thereby dis-incenting them from making beyond this level of income…are you cutting your nose off to spite your face?  Do you think that small business owner is going to hire that extra employee, costing them not only additional payroll taxes, but also raising their income, and thereby moving them into a higher tax brackett?  Now, using this same scenario, let’s examine the misery index that this creates (yeah, I’m bringing back the term ‘misery index’ because we’re all going to be re-familiarized with it over the next 4 years):

…the business owner suffers by losing an opportunity to generate more revenue and potentially expand, losing out on the opportunity to create more jobs…

…the potential employee suffers by not being able to get a job…

…the potential customers lose by being denied a service or product…

…the economy on the whole loses because the potential employee has less money to spend by virtue of being unemployed AND the potential customer has fewer options to spend their money and inject it back into the economy…

…I think you can see the pattern developing here…

Look people, it’s up to us, we’re the only ones who can do anything about this.  If your representatives aren’t responding or voting the way you want them to…then VOTE THEM OUT!!!

We can take our country back, but we have to get off our asses and do it.

Charitable giving to take a hit.

Posted in Uncategorized on February 26, 2009 by keepthechange08

http://philanthropy.com/news/updates/7244/obama-plans-to-reduce-charitable-deduction-for-wealthy-donors

Formulate your own opinion of this one, I really have no words.

Dear Leader addresses Congress

Posted in Uncategorized on February 25, 2009 by keepthechange08

http://news.lalate.com/2009/02/24/obama-state-of-the-union-video/

(try not to get too sick watching this)

In a speech long on hyperbole and short on substance, Dear Leader once again returned to the campaign trail, this time addressing a joint session of Congress on prime time television.

some of my favorite moments-

Not because I believe in bigger government – I don’t”

how he was able to say this with a straight face is beyond me

Not because I’m not mindful of the massive debt we’ve INHERITED”

yes, we’re going to continue to blame the Bush administration so that WHEN, not IF, this massive transfer of wealth from the government to the private sector fails we can have a ready made scapegoat.

That is why I have asked Vice President Biden to lead a tough, unprecedented oversight effort”

if the thought of Cotton-eyed Joe running anything doesn’t scare the bejeezus out of you, you’re not human

Too many bad loans from the housing crisis have made their way onto the books of too many banks.”

yeah, that little thing called the CRA- which you personally fought the Bush Administration over regulating the couple of days that you actually spent serving in the Senate…

Second, we have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and re-finance their mortgages. It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values”

and here’s where the lying kicks in.  Those of you who bought houses you could afford with manageble mortgages will get nothing…well, you’ll get the satisfaction of knowing that your tax dollars will be going to bailout idiots who thought the housing price spiral would continue forever and people working at Target who bought half-million dollar homes through ARMs, interest-only loans, and no doc loans.

Third, we will act with the full force of the federal government to ensure that the major banks that Americans depend on have enough confidence and enough money to lend even in more difficult times. And when we learn that a major bank has serious problems, we will hold accountable those responsible, force the necessary adjustments, provide the support to clean up their balance sheets, and assure the continuity of a strong, viable institution that can serve our people and our economy.”

through nationalization of the banking and finance industries…

Still, this plan will require significant resources from the federal government – and yes, probably more than we’ve already set aside”

bend over America!  Here it comes!

but I will do whatever it takes to help the small business that can’t pay its workers or the family that has saved and still can’t get a mortgage.”

by raising taxes on the small business owner and continuing to push the parameters of the CRA (Community Reinvestment Act)..

It reflects the stark reality of what we’ve inherited – a trillion dollar deficit, a financial crisis, and a costly recession.”

once again, we’re setting up the Bush administration for the blame when this fails..

Given these realities, everyone in this chamber – Democrats and Republicans – will have to sacrifice some worthy priorities for which there are no dollars. And that includes me.”

we’ll just redefine what an ‘earmark’ is…

So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America. And to support that innovation, we will invest fifteen billion dollars a year to develop technologies like wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient cars and trucks built right here in America.”

Cap and trade, people, along with 15B a year flushed down the toilet to fight “global warming”…

Already, we have done more to advance the cause of health care reform in the last thirty days than we have in the last decade. When it was days old, this Congress passed a law to provide and protect health insurance for eleven million American children whose parents work full-time”

and have a combined income of up to $80K a year.  This is nothing more then back-dooring us into nationalized health care..

And so tonight, I ask every American to commit to at least one year or more of higher education or career training. This can be community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma”

I personally love this one, had me screaming so loud I went into a coughing fit…this snob sees us all as a bunch of under-educated Wal-Mart employees.

There’s so much more in here that I could detail, but that would take more time then I have.  Read through it yourself and enjoy!

A payoff for irresponsibility

Posted in Uncategorized on February 18, 2009 by keepthechange08

http://www.bloomberg.com/apps/news?p…PsY&refer=home

so, today Dear Leader unveiled his mortgage bailout proposal.  $75B.  Here are  couple choice provisions of this bill:

The Treasury will share in the cost when lenders reduce monthly payments by forgiving a portion of the borrower’s mortgage balance.”

translation- we know a lot of you bought homes that were over-valued and that you had no reasonable expectation of being able to pay for, so we’re going to adjust the value of your mortgage to what we deem to be fair.

By bringing down the foreclosure rate, it will help to shore up housing prices for everyone.

translation- we’re going to attempt to continue to perpetuate the sham debacle of over-valued housing prices through creating an environment of fixed pricing.  While we realize that many of you were flipping properties as an investment tactic rather then purchasing homes as residences and places to raise families, we also realize that reduced values will lower property tax assessments, and we can’t have that.

Companies that service mortgages will get $1,000 for each loan that’s modified, and as much as $1,000 for three years when the borrower stays current, the government said. Homeowners also are eligible for $1,000 annually for five years for remaining current on their loans, according to the plan. 

translation- your tax dollars are going to pay for this, so don’t think for a second that you’re going to be getting any kind of a reward.  In our graciousness, we’ve decided to throw you a bone for acting like mature, responsible adults.

I think this bothers me more then anything that Obama has said or proposed to this point.  Where does self reliance come into play?  What about judgement?  What about responsibility?  What does this say to the millions of us who either purchased homes that we could afford without any kind of crazy financing and STILL lost our shirts, or to those of us who just weren’t comfortable with no doc, interest only, and ARMs…who were priced out of the market a few years ago with the absolute insane upward spiral of housing prices driven by the greed of investors who purchased homes for reasons other then what they were intended for?

This bill sets a very bad precedent in that it tells us that we can’t be held responsible for our own actions and decisions, and that through only the grace of our benevolent and all-powerful government can we hope to be able to survive.

 

Working on some stuff right

Posted in Uncategorized on February 18, 2009 by keepthechange08

hang tight.  Dear Leader’s disatorous experiment is a gift that keeps giving.  I’ll have some new pieces up by the end of the week.

Who do you believe?

Posted in Uncategorized on February 13, 2009 by keepthechange08

A community organizer who’s never run anything but his mouth?

Or the CEO of a major corporation?