[Transferring wealth to those to whom the wealth belongs]: “[W]e have lived through an era where too often, short-term gains were prized over long-term prosperity; where we failed to look beyond the next payment, the next quarter, or the next election. A [federal budget] surplus became an excuse to transfer wealth to the wealthy instead [...]
Archive for February, 2009
25 Feb
Even in its best state . . .
Smug “[G]overnment, even in its best state, is but a necessary evil; in its worst state an intolerable one.” –Thomas Paine
25 Feb
Iraq War Funding
Any goal to reap savings from an Iraq drawdown must be based on military progress with the understanding that if events were to deteriorate on the ground, continued funding would be necessary. It is essential that major defense policy decisions are not dictated by the requirements of the budget calendar—including U.S. strategy in Iraq or [...]
25 Feb
‘Catalyzing’ or Cauterizing the Private Sector?
President Obama says the government’s role is not to supplant private enterprise but to “catalyze” it. One effective way to catalyze private enterprise would be to take a serious look at the onerous regulations on small businesses. Will the President adopt that approach? I doubt it.
25 Feb
Big Government Matters
“Not because I believe in bigger government. I don’t.” – President Obama The President continues to seek to avoid the question of the size and scope of the federal government by pretending that question is no longer relevant.
25 Feb
The Obama Guests
Among the guests of honor at the President’s address tonight are two students from local high schools in Washington, D.C. President Obama and the First Lady should be commended for honoring and celebrating local D.C. students who aspire to go to college. But one can’t help but think about the 1,700 low-income students in Washington, [...]
24 Feb
Conservatives, stand strong!
“This makes my blood boil. The dumb idiots on our side say the Reagan era is over, that conservatism is over and we all need to be moderates. Meanwhile, every damn Democrat that wants to get something done in this country tries to act like Ronald Reagan!” -Rush Limbaugh
24 Feb
Scoring Obama’s First Address to Congress
For those of us planning on keeping track of the big government, big spending proposals in President Obama’s first address to Congress tonight, here’s the key: Start with $3.6 trillion. Add from there. $3.6 trillion is the total amount of new debt that Washington politicians have made taxpayers responsible for thanks to the Bush-Obama big [...]
24 Feb
Citibank moves closer to nationalization
The US government is getting ready to convert their preferred shares of Citibank into common shares. This will give them a 40% ownership if Citibank. President Obama has tried to <” target=”_blank”>halt talk of a government takeover of Citibank and Bank of America. Moves like this make Obama’s press statements seem very disingenuous. Citi Moves [...]
24 Feb
Lack of confidence in Obama is dropping the DOW
Investors are refraining from buying stocks because they are uncertain about how the administration of President Barack Obama will handle the worst financial crisis since the Great Depression. There is no confidence by investors that the bloated stimulus bill will do anything for the economy in any reasonable time frame. Investors were hoping for a [...]
