Bipartisan Deal Eases Way for Stimulus Bill in Senate
(FROM: The Washington Post) Okay, first of all, three Republicans–if you can call them that–do NOT a bipartisan bill make. Secondly, while the price tag for this nightmare piece of legislation has indeed dropped from $920,000,000,000 to $820,000,000,000, let’s remember that the original bill proposed by House Democrats was priced at $821,000,000,000.
Not much a change here, yet we slap a “bipartisan” label onto it because of the involvement of a few spineless Republicans with principles replaced by political convenience and expediency, and suddenly everything is golden, suddenly we’ve all come together, hand-in-hand, for the good of the country.
Never mind the politics of fear overtly played out by the liberals in the White House and in Congress. Never mind that the vice president actually acknowledged the fact that the American people do NOT want this bill. Never mind that the Congressional Budget Office says that we’re better off doing nothing at all than passing this abomination. It doesn’t matter because we’re in a crisis and the Messiah says that we’re never coming out unless we act and act fast.
I’m absolutely disgusted with our leadership in this nation, and words cannot describe how I feel about my own turncoat of a senator, Arlen Specter. He, along with Republicans Susan Collins and Olympia Snowe of Maine, have completely betrayed those who put them in office, and I hope that each one knows that betrayal will not come without consequence. Come time for re-election, I will personally make phone call after phone call to telephone numbers from one side of the Yellow Pages to the other in Maine and Pennsylvania and remind each and every voter who answers the phone just what hand their elected official had in the downfall of America as we know it.
In the meantime, I’d call Specter’s office begging him to reconsider before the vote on Monday, but not only is his voicemail full, I’m not sure he’d take his head out of his posterior long enough to hear the telephone ringing anyway.
- Mitt Romney: Stimulate the Economy, Not the Government (CNN)
- Oliver North: Try Stimulating Defense (Human Events)
- Obama Greets Stimulus Deal, Pounds Republican Ideas (Reuters)
- The Stimulus Tragedy: Obama bets that we can spend our way to prosperity (The Wall Street Journal)
Carl Icahn: Capitalism Should Return to its Roots
(FROM: The Wall Street Journal) Across the United States and around the world, office workers and world leaders alike are arguing that the economic crisis in America shows that capitalism doens’t work. What isn’t being said, however, is that capitalism is not being ALLOWED to work. This piece, on shareholders given the chance to self-regulate business rather than being stifled by government involvement, is an excellent example of that. An excerpt:
What we need are fewer government rules at the state level that protect managements. We need to return capitalism — our great national wealth machine — to its roots, where owners call the shots to managements, not the other way around.
Currently, corporate law is largely the province of state governments, not federal. As a result, most corporations migrate to, and incorporate in, states that offer the most protection for managements.
Management-friendly states have a vested interest in attracting these companies because hosting them generates a substantial portion of state revenues. It’s a symbiotic relationship: The state offers management protections and, in return, receives much-needed tax revenue.
However certain states, like North Dakota, offer many more rights and protections to shareholders. Because shareholders own companies, they should have the right to move a company to a state that gives shareholders more protections.
What is needed, therefore, is a federal law that allows shareholders to vote by simple majority to move their company’s incorporation to another state. That power is currently vested with boards and management.
This move would not be a panacea for all our economic problems. But it would be a step forward, eliminating the stranglehold managements have on shareholder assets. Shouldn’t the owners of companies have these rights?
Get Ready for the U.S. Census Fight, Chicago-Style
(FROM: The Washington Post) Typically, responsibility for the U.S. Census has fallen into the hands of the Commerce Department. Now, because of questions into Commerce Secretary-designate Judd Gregg’s commitment to funding the census raised by minority groups, the White House has taken over the whole deal (gee, does ACORN do census-taking, too, or are they just limited to voter fraud?). Now, the idea behind the census, as set in our Constitution, is that the whole process should be as far removed from political winds as possible. That’s how our founders wanted it, and that’s why it has been under the scope of Commerce. Here, however, we have it now presumably in Rahm Emanuel’s portfolio, and along with it all of the downhill consequences which stem from the census at the start of each decade — including apportionment when it comes to federal spending, as well as the reapportionment and re-drawing of congressional districts from coast to coast. While politicization of redistricting maneuvers is hardly anything new, the hijacked responsibility for the 2010 Census seems a little scary to me nonetheless.
Solis Senate Session Postponed in Wake of Husband’s Tax Lien Revelations
(The Washington Post) Another day, another tax cheat who votes Democrat. Okay, so this is old news by now, but depending on whether the business was a “sole proprietorship” or a separate entity, Solis herself may have had exposure under the tax liens as well. Still, this woman’s appointment is bad news for our economy and our fight against illegal immigration — so, golly, I cannot say I was all broken up when I heard about her husband’s problem. These people–Solis, Tim Geithner and the now-withdrawn Tom Daschle–are folks that would gladly orchestrate dozens of ways by which you and I will part with more and more tax dollars, yet they don’t feel it necessary to pay taxes themselves. So much for Vice President Joe Biden’s repeated argument that stepping up to the table and bearing a heavier tax burden is “patriotic.”
‘Doom’ Rhetoric Seen by Some as ‘Not Presidential’
(FROM: The Washington Times) And they’re right. They really are. Back in late 2000 and early 2001, when I had yet to make my own Fosburian leap rightward, I remember when George W. Bush [finally] took office, and how he really talked down the economy. So much of our economic welfare depends upon outward perception by consumers, and I felt that Bush’s pessimistic take back then only served as a self-fulfilling prophecy. As the Washington Times points out, the press did too. Now, we see Obama making Bush circa 2000-01 seem like an optimist.
SC Governor: We’re Moving Close to a ‘Savior-Based Economy’
(FROM: CNN) Hmm . . . Pennsylvania, with Gov. Eddie “Fat-Cat” Rendell and turncoat Sen. Arlen Specter . . . or South Carolina, with Gov. Mark Sanford and Sen. Jim DeMint. Man, my graduation from law school cannot come quickly enough! From Gov. Sanford:
“A problem that was created by building up of too much debt will not be solved with yet more debt,” Gov. Mark Sanford said Sunday, making a reference to the federal deficit spending that will likely finance the federal stimulus package.
“We’re moving precipitously close to what I would call a savior-based economy,” Sanford also said Sunday on CNN’s State of the Union.
The South Carolina Republican said such an economy is “what you see in Russia or Venezuela or Zimbabwe or places like that where it matters not how good your product is to the consumer but what your political connection is to those in power.”
“That is quite different than a market-based economy where some rise and some fall but there’s a consequence to making a stupid decision,” Sanford said after pointing to the powers granted to the Treasury Department and the Federal Reserve to help deal with the current economic crisis.
“A lot of people who’ve made some very stupid decisions are being bailed out by the population at large,” he added.
Schumer Wants Feds on Springsteen Ticket Snafu
(FROM: NBC/New York) Okay, so it’s not enough that the federal government is in the banking and housing business now. It’s not even enough that Congress spends our time and tax dollars on hearings involving substances injected into the asses of baseball players, or football coaches stealing signs from the other side of the field. Nor is it enough that the government has reached so far as to mandate how much salt can be in ketchup (catsup? how about they settle that debate?) or how much water empties our commodes when we flush. Now, Sen. Chuck Schumer wants the government to look into a ticketing problem encountered by fans of Bruce Springsteen. I like The Boss as much as the next guy, but the government has NO business in such affairs. Furthermore, most of those ticketing victims were liberals — so what if they paid more? It’s not like that money was going to their taxes, anyway.