Obama's press conference

Well its a first , I think. Can you ever remember a president using a teleprompter for a press conference? If Obama is so smart and talented then why can't he even do a simple press conference without one? Maybe because he doesn't really have a clue of what he should say that will sit well with the American people. If he said what was really on his agenda it would scare the heck out of 80% of Americans. Okay now the scary stuff. Obama's administration has asked for even more power to take over financial institutions they feel may pose a risk to the economy. Notice they are not saying ones that are in trouble. So they get to judge what is risk? This is just one more step to nationalize the banks. It is also a veiled threat that if banks don't do as the administration wants they will be under the threat of government takeover. Scared Yet? You should be. Anyone supporting this Dem or Rep should be voted out , period!!

Government Intrusion

I have been thinking about this AIG mess the last few days. My biggest concern last week was that the Dem's wouldn't stop with just AIG when it comes to bonuses. Then over the weekend I hear some in Congress are trying to craft legislation to control all bonuses ,not just ones where the government is involved. Are you kidding me ? The case could be made to control AIG's because the government ownes 70 % of AIG. Since the Dem's and Obama administration okay'd them its nothing but grandstanding to take them back. They got caught and are now trying to duck the responsibility. But to even think about other companies is just one more example of socialism on the way. This should scare everyone to death. Whats even scarier is that they are meddling in contracts and using the tax code to punish people. Whats next the pro athlete who makes ten million a year is going to be told we think that's too much and we are going to tax you 90% ? What possible motivation would there be to go and take risks if you don't get to enjoy the benefits? This is not the country I grew up in and know. What ever happened to work hard , take chances and receive the benefits? This whole situation under Obama gets worse everyday. Tell your local representatives not to support this garbage.

Stimulas #2

Nancy Pelosi said she hasn't ruled out a second stimulus. This is just what we don't need right now. First we need to wait six months to see how the last one affects everything. We also don't need more debt pilled on the American taxpayer. While I am against all this stimulus if they are going to do one it needs to be directly given to the American people. The argument that it doesn't work is just not true and here is why. Back when they gave a five hundred for singles , a thousand for couples it was not enough to make a difference to most people. It was like putting a one inch band aid on a twelve inch cut. I thought the guest on Glen Beck made an interesting point that if you could have given every person over 18 and a legal citizen in the U.S. a million dollars instead of the stimulus they passed. I would say he's right except that it would be to inflationary. So what they could have done is give singles 50,000 and couples 100,000. It would have spent 10 percent of what the stimulus cost us. So for those who say it doesn't work lets go over the only choices people have to use the money. First lets take the top 3% who don't need it, they would most likely put in bonds , Cd's, or the stock market. Great it adds liquidity to the banking system and capital for companies. Second take the bottom 10 % , they most likely will pay their bills and spend a lot. Most likely on bigger ticket items such as TVs, cars, furniture etc.. Some will buy houses if they have income to support the payment. Great they are buying goods and cleaning up their debt. Now lets take the rest of us. We would most likely first clean up our debt and boost our savings. Great our position is better for future purchases and banks and credit card lenders get paid back which increases their liquidity and balance sheets. We save thousands in interest which increases our disposable income. We would also do things like home improvement, new vehicles ( great for car makers struggling) ,paying for our kids college etc. Great all helps the economy. If we do any more stimulus it needs to be direct since it is our money they are spending. Tell your representatives that if they are going to support a stimulus it needs to be direct although you know where I stand , no stimulus!!

Watch Glen Beck on Friday !

I want to encourage you all to watch Glen Beck Friday. He is going to have a special program and is encouraging groups to get together and watch the show. What I love about Beck is that he really cares about our country. He is a conservative but doesn't mind giving it to the Republicans too. First he is an American and he talks about a lot of things I have discussed here for the last few months. He feels our country is slipping away due to the incompetency of both party's. Check your local times for his show and get some people together to watch.

The next big tax !

If the Obama administration pushes for cap and trade it will be the largest tax increase on Americans we have seen since Carter. Cap and trade is supposed to be a tax on those who produce carbon emissions to help with pollution and global warming. Here is the problem. If it was about helping the environment the government would just tighten regulations on emissions over time and that would be that. No need to tax them. But that isn't what its about. Its all about a new tax and further redistribution of wealth. The real problem is that the American people are naive enough to think its just a tax on those "evil companies". You know the ones who help you heat and cool your homes, or provide fuel for you to go places. The tax will be on all of us. Every company will pass those taxes on through the cost of everything you buy. It will further kill our economy and especially hurt low to middle income earners. I have seen estimates it could cost the typical family $4000 a year. Don't get me wrong I am for a cleaner environment just not the further redistribution of wealth through the disguise of helping the environment. I won't debate man made global warming since there is no scientific fact only scientific conjecture about it. I can't think of a worst time to pursue a new tax on the American people.

European Bailout?

The Prime Minister of England is meeting with Obama to seek Americas help to bailout Europe. We have enough on our plate right now with our country. Europe should first help themselves more. There interest rates are way higher than ours and they should be dropped to near zero like ours. Second they have spent twenty five percent of what we have as a percentage of GDP to stimulate the economy. They need to spend their own money before asking us to spend more of what we don't have to help them. If Obama goes this route than I fear he is more than just a socialist. He may be of the one world order crowd. Watch this carefully as it develops. As a side note I commend all the people in this country starting their own "tea party's" to protest higher taxes and reckless spending. Keep up the good work!

Spending out of control !!

Yesterday the Congress passed a 410 billion dollar Omnibus spending bill. This is in addition to the trillion just passed. It is an 8% increase over last year. There are over 8000 earmarks in the bill. The president just came out and said this wouldn't happen under his watch. When the White House was asked about this they said this was business that should have been done last year so they will let it slide. Are you kidding me. It doesn't matter when it was supposed to be done just the fact that if Obama wanted to stop it he could. He just doesn't want to take on Congress no matter what he says in speeches. The Republicans are equally at blame since 40% of the earmarks are theirs. The price all of us are going to pay for this reckless behavior is years of higher taxes and high inflation. We are all in a lot of trouble.