Archive for the ‘Stimulus’ Category

RE-ELECT BARACK OBAMA

January 14, 2012

All Is Great in the United States, Re-elect President Obama

We keep hearing via the MSM arm of the administration how well Spending Package I and II have done for the economy.  Of late, the spin has been that unemployment is dropping, though there are no hard figures of where the creation of jobs provides a net gain over layoffs.  Retail sales are up, but they’re flat.  Manufacturing is up, yet our trade deficit exceeds the accretion.

Because of the overwhelming liberal bias of major information sources, most people only hear or read one side of most stories.  Headlines like “Home Sales on the Rise” overshadow those reading “Foreclosures Increase by 20%”.  We are being fed all that the government wants us to hear while counter arguments are suppressed.  Banners of “Eat All the Vegetables You Want, They’re Good for You” obscure “EPA Regulations Cause Farm Prices to Soar”.

“Defense Spending to be Cut by $500 Billion” avoids the level playing field effect of the administration.  American superiority on the battle field is cause for another apology tour.  Besides, the savings can be sent to the Muslim Brotherhood for greater equality.

Some times, we are presented with only half of the headline or half of the full article.  “President Obama Asks Congress For Another $1.2 Trillion” should be completed with “For More Busses Under Which American Citizens Can Be Thrown”.

The stated reason for combining the Commerce Department’s core business and trade functions; the Small Business Administration; the Office of the U.S. Trade Representative; the Export-Import Bank; the Overseas Private Investment Corporation; and the Trade and Development Agency is to help businesses thrive.  The true intent for the consolidation seems not to increase efficiency, but to maximize the collective authority these agencies hold over domestic business.

Read the headlines, read the story then ask who wrote it and how he or she is trying to influence you.  Re-elect Barack Obama, I don’t think so.

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DEAR MR. PRESIDENT

October 26, 2010

Dear President Obama,

In 15 of Last 25 Months, Treasury Needed to Borrow Money to Pay Social Security Benefits.

From CNSNEWS.com Wednesday, October 20, 2010  By Chris Johnson:  “Because the overall federal budget was in deficit during this entire period, the surplus revenues Social Security earned in the remaining 10 months of the last 25 was used during those months to pay ongoing general government expenses and was not saved to pay future Social Security benefits.”

I call it credit card spending.  Credit card spending is when you don’t have the money to buy what you want now so you borrow the money intending to pay it back a little at a time with horrendous interest, or with no thought in mind to repay it at all.

We have been aware for years that the day would come when the Social Security system would fail but none of the elite, in either party, would do anything about it.  Instead, they looked the other way and headed for Bloomingdale’s with a plastic card in hand.  BTW, we paid the bill, with interest, on that blooming card.

“Let me be clear”, the government cannot spend our way out of debt!  The more you spend the more debt you accumulate.  It’s economics.  It’s not rocket science.  Certainly you took a math course in your quest for a law degree.  If our public schools taught anything other than “Making Love to Your Fellow Gym Student” and “Kill a Baby, Save a Tree”, we might have an electorate capable of seeing that $2-$7 = need to quit spending.  But progressives have kept the populace dumb and ignorant.

Also, “Let me be perfectly clear”, government jobs do not contribute to recovery or prosperity of a nation; they create an additional burden on that nation which destroys the prospects for recovery and prosperity.

“Mr. President, no matter how many times you try to explain a pile of crap, it is still crap.

I’m reminded of a story I heard many moons ago.  Three young boys were walking down the street when they came across something on the sidewalk.

The first boy stared at it for a while and said, “It looks like dog crap.”

The second boy bent down and sniffed it.  “It smells like dog crap”, he said.

Boy number three got on one knee, swiped a finger through the gooey brown pile then lifted the finger to his tongue.  He gagged and said, “It tastes like dog crap, too.  Aren’t you glad we didn’t step in it?”

Mr. President, We the People are tired of being marched through your crap (pork laden Stimulus packages that stagnate employment and prosperity rather than stimulate the economy, health care that will cost more and care less, taxes rising on everything purchased, energy costs that “will necessarily skyrocket”) under threat of IRS audits and home foreclosures!

YOUR TAX DOLLARS AT WORK

October 9, 2010

An article by Gregory Korte, in USA TODAY, covers money unaccounted for in the Stimulus package.  Korte credits Recovery.gov website as the source of his information.

According to the article, there are 352 recipients of our tax dollars who show so little respect for rules and American public that the federal agencies have not reported how and where they have used the money.  There is no mention of discipline for not reporting the use or misuse of $162.8 million.  Some offenders have not reported for two quarterly periods, and a few for three now, which should cause even the average high school graduate to question why.

The biggest offenders are the Dept. of Agriculture, Dept. of Health and Human Services and the General Services Administration.  Recovery.gov makes light of the fact that the unaccounted funds make up less than 1% of the overall stimulus distribution to date.  They acknowledge that only one of the thirty-two repeat offenders has been suspended from further grants.

Perhaps $162.8 million is a small sum proportionate to the overall size of the stimulus package, but to most of us, it is substantial.  Since the federal government has grown by over a hundred thousand employees in the past two years, I would expect that there would be more people to oversee and put pressure on the offenders.  After all, there are now 2,000 additional IRS auditors ready to pounce on Joe Sixpack for not reporting $800 in income on his form 1040.

I understand that with government there will always be unseen pocket stuffing and shuffling of citizens’ money.  I just think there should be greater concern on behalf of those we entrust with it.  The missing money from this one bill is just a small piece of the overall government pie.  It amounts to about a mere $.50 in tax money for every individual (legal and illegal, man, woman, child, infant and possibly fetus as well) in the United States presently.

Where is the outrage?  I should think that working people would be upset about paying fifty-cents here, a dollar or five there in taxes to be misspent.  A dollar or a few from every paycheck that is appropriated and misused by the government could well go to making that mortgage payment or rent payment or utility payment if it was left in the hands of those who earned it.  Even Welfare recipients might feel ravished.  That’s money taken from others that would be going to them.

Apparently, no one is watching and very few people care even when they are told.  A dollar here, a freedom there and we blindly accept it.  The elite take large bites of the pie macerate what they want and leave the crumbs and morsels falling from their lips for the serfs.  “Ah, who cares?  Others live under socialist, Marxist and communist dictatorships”.

CRACK ADDICT SPENDING

September 7, 2010

As congress contemplates yet another socialist program (Home Owner Bailout #2), some of us have to wonder how, if at all, this administration is thinking.  With another do-for-naught stimulus package in the wind, the question is almost answered.

Like any crack addict, heroin addict, gambling addict, alcoholic or addict of any type, this government is out of control and will do anything…anything to continue with the habit that it has.  That habit is spending.  It doesn’t matter what the problem is, or even if there is a real problem; the answer is more spending.

We were told that we would have to sacrifice.  We were told that we would have to cut back on the lavish spending in our daily lives.  For the Obama’s, however, not so much.  They continue to enjoy Wednesday evening concerts and expensive vacations at a cost only to the American taxpayer.  It’s the exemplification of the wealth redistribution the president promised.  Take from us to meet their personal desires.  It may not be the way it was described in campaign speeches, but then what is at this point.

Obama and clan have now obligated somewhere between three and four generations earnings to bailing out their cronies in powerful positions.

  1. They have spent money on “Cash for Clunkers” which elevated auto sales only for the length of time the program was available.  Sales returned to sub-normal levels for the immediate three months following.  That suggested that people who were ready to buy a car, and possibly would have within 90 days, took advantage of the subsidized pricing.
  2. They have subsidized mortgages for people who should not have had mortgages in the first place.  The people, like the Wall Street and insurance company executives, gambled that the good times would continue to roll and lost.  Many of the homeowners were allowed to borrow up to 103% of the appraised value of their home because they could not afford a down payment; they had no vested interest in ownership.
  3. In each and every bill that is passed by congress and signed by the president, there is more wasteful spending than most individuals can even imagine.  How well could you live on the accounted and accepted 10% shrinkage due to loss, theft, mismanagement and misappropriation that goes with a $1billion bill?  For those of you who don’t have a calculator handy, that would be One Million Dollars.  Now consider the last $787 billion Pork Laden Package (aka the Stimulus Bill).  That bill has had negligible affect on jobs or the economy, both of which are still headed in negative directions.
  4. The Universal Health Care bill was sold to about eight people of the nation as saving money on health care premiums.  The rest of the nation recognized that there was no way it was going to benefit individuals financially or provide better health care.  It is now known that with the passage of this bill the premiums will be higher, co-pay higher, service reduced and waiting times to see a doctor will be significantly extended.  Medicare (senior care) will take a $529 billion hit to offset some of the costs of the new program.  That is only taking money out of one pocket and putting it in another.  It does nothing for reducing the cost.  Youth wins more substandard care until they reach maturity.
  5. The last homeowner mortgage bailout worked so well (many people lost their homes waiting for a refinance decision because they were told not to make any payments, proving they needed the assistance), that the administration is going to try it again.  They will buy down the loans on homes that are “under water”.  Using borrowed money that will have to be paid back by your children and grandchildren (and perhaps their children and grandchildren, too), the new plan is to buy down the current mortgage to the market value of the home.  The government then owns the mortgage.  Read that as the government owns your home and can take it at the snap of their fingers should you default.

When you’re out of work, out of savings and your unemployment ends your only choice is to live off your credit cards until they are maxed.  At that time your choices become bankruptcy or sell off all your assets and live at subsistence level until the sheriff comes to take you away.

A crack addict will do or say anything; he will steal anything value from anybody to support the habit.  When a crack addict runs out of things to steal and has no more money, their life ends.  That is not unlike what Obama and his dastardly crew have in mind for the nation.  And their plan is working well.

THE ECONOMY IS IN RECOVERY, STUPID!

August 25, 2010

Barack and Joe keep saying that the economy is in recovery and that it’s due to the taxation of only the rich.  Film makers such as Woody Allen refuse to shoot movies in New York because of the high cost of production.  Instead, he is tailoring his scripts and adapting them to a European background where the costs are viable.  Consumers are dropping services such as pay-per-view, cable and satellite TV services, cell phone add-ons, newspaper delivery services, and many other “luxuries” that once were normal fare.

People are not going to the movies, dining out, buying cars or homes as would be expected in a recovering economy.  The DOW, with its highs and lows, has not shown the spark of enthused investing.  Of recent, the questionable economic picture is causing caution with investors.  They’re choosing not to invest because they are not sufficiently assured that the rewards for their risks will be adequate or even materialize moderately.

The reality of a bleak overall picture negates the words of our leaders who keep shouting to move forward and spend freely.  They keep doing it, but that is exacerbating the problem, not helping overcome it.  The leaders continue to take lavish vacations to foreign lands.  The rest of us feel fortunate to take a dip in the city pool (if it is still open) or head for the overcrowded beaches, jamming as many neighbors and relatives into the car as legally possible to take advantage of the parking fees.

Companies large and small continue downsizing to keep from declaring bankruptcy.  Sometimes it works and sometimes it’s just not enough.  One way or the other, jobless numbers continue to rise as if we are in recession in spite of the recovery claims.

The heat of summer makes it hard to keep the wool over one’s eyes.  Some people can shut their eyes tightly, wait for the next government stipend check to arrive and praise the almighty lords of D.C., but some of us want the personal prosperity we once had.  We want the opportunity to receive rewards for our efforts, not just our existence.

Welcome to Recovery Summer.  By-the-way, the DOW dropped another 53 points (over .5%) while I was writing this short rant.