Obama's economic team considering new stimulus package... Kabul Bank called on Thursday for intervention by the United States to head off a financial meltdown.... Health insurance tax credit likely to affect small part of small-business workforce... Mixed reaction to new FEC rules on candidates, interest groups working together... Maryland Democrat Sen. Currie indicted on charges of taking bribes... Summer of Economic Discontent ... CBO Update... Obama administration appeals stem cell funding decision despite US Law... Gloom for Democrats as they look to November... U.S. troop deaths in Afghan war up sharply...
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When the people fear the government, there is tyranny; When the government fears the people, there is liberty.  ~ Thomas Jefferson

 

Entries Tagged as 'Government Control'

The Death of Conservatism Was Greatly Exaggerated

August 28th, 2010 · Accountability, Change of Power, Deception, Democrats, Dissention, Federal Spending, Government, Government Control, Greed, Money Lost, Non-Transparency, Obama Exposed, Obama's Scheme, Tax Dollars, Taxes

In 2008 liberals proclaimed the collapse of Reaganism. Two years later the idea of limited government is back in vogue.

By Peter Berkowitz

Last August left little doubt that a conservative revival was underway. Constituents packed town-hall meetings across the country to confront Democratic House members and senators ill-prepared to explain why, in the teeth of a historic economic downturn and nearly 10% employment, President Obama and his party were pressing ahead with costly health-care legislation instead of reining in spending, cutting the deficit and spurring economic growth.

Still, whether that revival would have staying power was very much open to question. A year later—and notwithstanding the Democrats’ steadily declining poll numbers and the mounting electoral momentum that could well produce a Republican majority in the House and a substantial swing in the Senate—it still is.

Sustaining the revival depends on the ability of GOP leaders, office-holders and candidates to harness the extraordinary upsurge of popular opposition to Mr. Obama’s aggressive progressivism. Our constitutional tradition provides enduring principles that should guide them.

In late 2008 and early 2009, in the wake of Mr. Obama’s meteoric ascent, the idea that conservatism would enjoy any sort of revival in the summer of 2009 would have seemed to demoralized conservatives too much to hope for. To leading lights on the left, it would have appeared absolutely outlandish.

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Honey, I Shrunk My Approval Ratings

August 26th, 2010 · Auto Industry, Banking Industry, Deception, Democrats, Federal Spending, Government Control, Greed, Non-Transparency, Obama Exposed, Obama's Scheme, Reform, Tax Dollars, Taxes, Unemployment

The White House is having a disastrous ‘summer of recovery.’

By Karl Rove

In what will rank as one of the all-time presidential PR disasters, we’re now well over half way through what the White House called “the summer of recovery.” And what a recovery it’s been.

Earlier this month, first-time claims for unemployment hit a nine-month high. The unemployment rate remains at 9.5% and 18.4% of workers are out of a job, can only get part-time work, or have given up looking for a job altogether. Sales of existing homes dropped 27% from June to July, hitting the lowest point since data were first collected in 1999. The Conference Board’s Consumer Confidence Index fell to 50.4 in July, continuing a slide that started in February. And the stock market is down 11% from its peak in April.

All of this has helped shatter public confidence in the president. In early May, Mr. Obama’s approval on the economy in the YouGov/Polimetrix poll was 42%. By mid-August, it was 35%—a frightening number for Democrats less than 70 days from a midterm election. According to this week’s Reuters poll, 72% are “very” worried about jobs and 67% “very concerned” about government spending.

Mr. Obama’s credibility is crumbling, and for good reason: He and his people are saying things people don’t believe. At the start of his summer of recovery road show, the president flatly asserted that last year’s massive stimulus package had “worked.” Vice President Joe Biden, not to be outdone, promised monthly job gains of up to 500,000 and insisted that the recovery’s pace “continues to increase, not decrease” as stimulus spending was “moving into its highest gear.”

It’s slightly surreal. “Who are you going to believe,” as Groucho Marx once said, “me or your own eyes?”

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With their Jobs on the line, Dems want to fix the economy. Too little too late.

August 25th, 2010 · Accountability, Auto Industry, Banking Industry, Change of Power, Deception, Democrats, Ethics, Federal Spending, Government Control, Greed, Money Lost, Non-Transparency, Obama's Scheme, Reform, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason, Treasury, Unemployment

As midterms loom, Democrats work to shore up faltering recovery

By Lori Montgomery – Wednesday, August 25, 2010

A rapidly weakening economy threatens to undermine President Obama’s assertion that he has set the nation on a path to prosperity and, with barely two months until congressional midterm elections, Democrats find themselves with few options for reviving the faltering recovery.

The latest sign that the economy is losing steam: Home sales fell 27 percent in July, the steepest one-month drop since figures were first compiled in 1968, according to a report released Tuesday. Analysts had expected sales to decline following the expiration of a federal tax credit for homebuyers this spring, but the drop was nearly twice as large as forecast.

The housing report punctuated a wave of bad news that has been building all summer. The number of jobless claims has risen in each of the past four weeks and last week hit its highest point in nine months. Private-sector job creation is trending well below the level needed to keep up with population growth. Retail sales have also been disappointing.

Economists generally do not expect a dip back into recession, although many say the risk has grown with each new piece of disheartening data.

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With consumers slow to spend, businesses are slow to hire

August 23rd, 2010 · Deception, Government, Government Control, Greed, Money Lost, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Treasury

By Neil Irwin Washington Post Staff Writer
Saturday, August 21, 2010

CHICAGO — Corporate profits are soaring. Companies are sitting on billions of dollars of cash. And still, they’ve yet to amp up hiring or make major investments — the missing ingredients for a strong economic recovery.

Many Democrats say the economy needs more stimulus. Business lobbyists and their Republican allies say it needs less regulation and lower taxes.

But here in the heartland of America, senior executives say neither side’s assessment fits.

They blame their profound caution on their view that U.S. consumers are destined to disappoint for many years. As a result, they say, the economy is unlikely to see the kind of almost unbroken prosperity of the quarter-century that preceded the financial crisis.

Across the industrial parks and office towers of the Chicago region, in a more than a dozen interviews, senior executives said they see Americans for years ahead paying down debts incurred during the now-ended credit boom and adjusting spending to match their often-reduced incomes.

“It’s a different era,” said Daryl Dulaney, chief executive of Siemens Industry, which has 30,000 U.S. employees who make lighting systems for buildings and a wide range of other products. “Our hiring and investment decisions have to be prudent and reflect that.”

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Fighting Obama education plans, colleges boost lobbying

August 19th, 2010 · Deception, Democrats, Education, Government Control, Obama's Scheme, Selling Out the US

By Alec MacGillis Washington Post Staff Writer
Thursday, August 19, 2010

Academia may be a bastion of liberalism, but in the past two years, the higher education industry has often lined up opposite the White House and congressional Democrats — and has spent a lot on lobbyists in the process.

The most recent example is the resistance from for-profit colleges to the Obama administration’s proposal to raise standards for institutions receiving federal student aid. But traditional colleges and universities also have opposed Democratic initiatives.

First there was President Obama‘s plan to cap the charitable tax deduction for the wealthy, bringing their tax break closer to everyone else’s. The measure would have raised $318 billion over 10 years, but it died quickly on Capitol Hill.

Charities were the most visible opponents, but universities also worried that it would reduce giving by wealthy donors: the American Council on Education (ACE), higher education’s main trade group, lobbied on the issue in 2009, records show.

“We certainly registered our concern,” said Terry Hartle, the group’s chief lobbyist. “But . . . we were just a small part of any number of organizations that registered their concerns.”

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Gates: Pentagon to cut thousands of jobs

August 9th, 2010 · Corruption, Defense, Democrats, Government, Government Control, Greed, Homeland Security, National Security, Obama's Scheme, Selling Out the US, Terrorism from Within, Terrorist Attack, Treason

By Craig Whitlock Washington Post Staff Writer
Monday, August 9, 2010; 5:46 PM

Defense Secretary Robert M. Gates said Monday that the Pentagon will cut thousands of jobs — including nearly a third of its regular budget for contractors and an entire military command based in Norfolk — as part of an ongoing effort to streamline its operations and stave off political pressure to slash defense spending in the years ahead.

Gates said he will recommend that President Obama dismantle the U.S. Joint Forces Command, which employs 2,800 military and civilian personnel as well as 3,000 contractors, most of them in southeastern Virginia. He also said he will terminate two other Pentagon agencies, impose a 10 percent cut in intelligence advisory contracts and slim down what he called a “top-heavy hierarchy” by eliminating at least 50 jobs reserved for generals and admirals.

“The culture of endless money that has taken hold must be replaced by a culture of savings and restraint,” Gates told a news conference at the Pentagon. “I am determined to change the way this department has done business for a long time.”

The announcement sparked immediate protests from Virginia’s state lawmakers and its congressional delegation, who said they will fight to overturn Gates’s plan, although it was unclear what recourse they might have. Defense officials said the Obama administration could make the cuts without congressional approval.

“We are now seeing the piecemeal auctioning off of the greatest military the world has ever known,” said U.S. Rep. J. Randy Forbes (R-Va.), whose district includes Chesapeake and other parts of southeastern Virginia. “. . . The American people will see this decision for what it is: a first step in a long string of national defense cuts that will systematically and intentionally gut the institutions that protect and defend the freedoms and liberties upon which our nation was founded.”

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Obama overtures to business fall flat

August 9th, 2010 · Accountability, Deception, Democrats, Dissention, Federal Spending, Government Control, Greed, Money Lost, Money Matters, Non-Transparency, Obama's Scheme, Reform, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason

By TOM RAUM -The Associated Press
Monday, August 9, 2010; 7:54 PM

WASHINGTON — Labeled antibusiness by Republicans and some corporate chiefs, President Barack Obama mounted a campaign to show he wasn’t. But his charm offensive has hit a rocky patch.

Business leaders gripe about burdensome new financial and health care regulations, what they see as unfriendly tax policies and vast government spending. They were put off by Obama’s harsh depiction of “fat cat bankers” and “reckless practices,” a label he applied both to Wall Street and to oil-spill giant BP.

Among the Obama policy detractors: JPMorgan Chase CEO Jamie Dimon, who supported Obama’s presidential bid but actively opposed his financial regulation overhaul. Not surprisingly, Dimon was not on the 400-strong guest list for the bill-signing.

White House aides dispute an antibusiness bias, noting that corporate profits are up 65 percent from two years ago. “The stakes are too high for us to be working against each other,” top presidential advisers Rahm Emanuel and Valerie Jarrett wrote to the U.S. Chamber of Commerce.

Reaching out to big business, Obama named more than a dozen top CEOs to a presidential Export Council, revived a Bush administration free-trade pact with South Korea and stumped aggressively for cutting taxes and increasing loans for small businesses. But it is noticeable that not a single former corporate executive is in his Cabinet or among his top economic advisers.

Friday’s dismal jobs report, showing unemployment stuck at 9.5 percent, further underscored the need for government and private sector cooperation to produce jobs.

Still, Obama has nurtured “an increasingly hostile environment for investment and job creation,” says Verizon CEO Ivan Seidenberg, chairman of the Business Roundtable. Thomas Donohue, who heads the U.S. Chamber of Commerce, sees a “cumulative job-killing impact of over-regulation” under Obama.

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GM donates $36,000 to Black Caucus Fondation now that Gov owns GM

August 9th, 2010 · Auto Industry, Corruption, Democrats, Ethics, Government, Government Control, Greed, National Security, Non-Transparency, Obama's Scheme, Selling Out the US, Tax Dollars, Taxes, Terrorism from Within, Treason

GM donates $41,000 to lawmakers’ pet projects

By T.W. Farnam – Thursday, August 5, 2010

When General Motors went through bankruptcy last year, it suspended its political donations. Now that it’s owned by the U.S. government, it’s donating to lawmakers’ pet projects again.

The carmaker gave $41,000 to groups associated with lawmakers, the vast majority of it — $36,000 — to the Congressional Black Caucus Foundation, the company reported on a disclosure form last week. The CBC Foundation is a charity with 11 members of the Congressional Black Caucus on its board.

“We’ve always given to the Congressional Black Caucus Foundation as far back as anyone can remember,” said Greg Martin, GM spokesman. “Our commitment remains unabated, and we continue to be a proud supporter of their work to advance economic development in communities throughout the U.S.”

According to its disclosure forms, the company did not give any money to honor lawmakers in 2009, the year of its bankruptcy filing. The U.S. government now has a 60 percent stake in the reformed company.

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ObamaCare and the Constitution: A federal court denies the motion to dismiss the challenge.

August 4th, 2010 · Accountability, Deception, Democrats, Ethics, Government Control, Healthcare, Obama's Scheme, Selling Out the US

A federal court denies the government’s motion to dismiss the challenge.

By Betsy Mccaughey

Last November, a reporter asked House Speaker Nancy Pelosi if it was constitutional for Congress to require Americans to buy health insurance. Ms. Pelosi responded, “Are you serious?”

On Monday, U.S. District Judge Henry Hudson got serious. He denied Health and Human Services Secretary Kathleen Sebelius’s motion to dismiss a lawsuit brought by the state of Virginia challenging the new health law. His ruling stated that it is far from certain Congress has the authority to compel Americans to buy insurance and penalize those who don’t.

Judge Hudson’s ruling paved the way for a trial to begin on October 18, with possible appeals all the way to the Supreme Court, a lengthy process. Some states will likely delay creating insurance exchanges and slow down other costly preparations for ObamaCare until its constitutionality is determined by this case.

If mandatory insurance is declared unconstitutional, the entire health law could collapse like a house of cards. Most complex legislation states that if one part of the law is struck down, other parts remain enforceable. But authors of ObamaCare chose to omit that clause, suggesting that the health overhaul won’t work without mandatory insurance.

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The Obama Agenda and the Enthusiasm Gap

August 3rd, 2010 · Accountability, Change of Power, Deception, Democrats, Ethics, Government Control, Greed, Money Lost, Non-Transparency, Obama Exposed, Obama's Scheme, Reform, Selling Out the US, Stimulus, Tax Dollars, Taxes, Terrorism from Within

In case after case, the Obama went far enough to fuel the opposition but not far enough to provide immediate help to the average voter.

By Robert B. Reich

Whatever the outcome of the upcoming midterm elections, the activist phase of the Obama administration has likely come to a close. The president may have a fight on his hands even to hold on to what he’s already achieved because his legislative successes have been large enough to fuel strong opposition but not big enough to strengthen his support. The result could be disastrous for him and congressional Democrats.

Consider the stimulus package. Although it’s difficult to separate the consequences of fiscal and monetary policy, most knowledgeable observers conclude that the stimulus has had a positive effect. Real GDP is now increasing at an annual rate of 2.4%, and although the recovery is still fragile it’s unlikely we’ll fall back into a full-fledged recession.

Yet the official rate of unemployment remains above 9%, not including millions either too discouraged to look for work or working part-time when they’d rather have full-time jobs. Almost half of the jobless have been without work for more than six months, a level not seen since the Great Depression.

The central problem continues to be inadequate aggregate demand. The administration’s original sin was not spending enough and focusing the stimulus more directly on job creation.

In fairness, no one knew how sick the economy was in February 2009 when Congress approved the initial stimulus. Yet by late spring 2009 the White House knew the extent of the damage and should have pushed much harder for significantly more spending. Almost a third of the initial stimulus, moreover, came in the form of temporary tax cuts, which already had been proven relatively ineffective at spurring demand after President Bush tried them in 2008. And many states were engaging in reverse stimulus policies, slashing spending and increasing taxes. The administration knew its stimulus was not nearly up to the job.

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