Our 'Stimulus Bill' that Obama and Pelosi hoisted on the US. to create jobs is misleading. It will create some jobs, but not necessarily for Americans.
According to the USAToday, Tens of thousands of jobs created by the economic stimulus law could end up filled by illegal immigrants, particularly in big states such as California where undocumented workers are heavily represented in construction, experts on both sides of the issue say.
They fault Congress for failing to require that employers certify legal immigration status of workers before hiring by using a Department of Homeland Security program called E-Verify. The program allows employers to check the validity of Social Security numbers provided by new hires. It is available to employers on a voluntary basis. Obama and Pelosi both rebuked the inclusion of the common sense measure.
"They could have deterred this, but they chose not to," said Steven Camarota, director of research for the Center for Immigration Studies.
The version of the stimulus bill passed by the House of Representatives included a provision requiring employers to check immigration status with the E-Verify system before hiring. The Senate did not include such a provision, and it was not in the version sent to President Obama. The Obama administration has delayed until at least May 21 a Bush administration executive order requiring federal contractors to use the E-Verify system in hiring. It had been scheduled to take effect in January. The U.S. Chamber of Commerce filed suit seeking to block the requirement, joined by the Associated Builders and Contractors and other business organizations.
So not only will many Americans be passed over for these jobs taken by Illegal Aliens, American tax dollars will pay their salaries.
Not willing to tolerate criticism, the Democrats are dredging up the 'Fairness Doctrine' in an attempt to quelch opposition to their socialist policies. It seems they are not satisfied with merely controlling the print and television media (exception FOX News), they want to silence talk radio. They are gunning for Limbaugh and Hannity. They make no mention of fervent Obama supporters, MSNBC's Chris Mathews, Keith Olberman or Rachel Maddow.
On a more personal front. While Washington and the rest of America's cities burn economically, the recession is not being felt at the White House. The Obama's have been enjoying a fun-filled succession of parties at the White House.
These parties are purely for socializing, with talk of politics discouraged. Sort of reminds me of another First Lady whose first name began with an "M". When told their fellow countrymen were suffering she is said to have replied, "let them eat cake".
Showing posts with label STIMULUS. Show all posts
Showing posts with label STIMULUS. Show all posts
Tuesday, March 10, 2009
Saturday, February 21, 2009
Obama Begins 'Tax Cuts' For 95% Of Americans
In his weekly radio address to the nation today, Obama announced that he was fulfilling his campaign promise to provide tax relief to 95% of Americans. This is rather disingenuous since 40% of Americans do not pay income taxes.
So what he is really doing is providing tax relief to 55% of Americans and another form of welfare to the other 40%. This is to begin April1, 2009.
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month," Obama said in his weekly radio address.
"Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," he said.
The measures have received a mixed early reaction from gloomy financial markets uncertain whether they will succeed in arresting the downward economic spiral. Since Obama has been leading America's economic efforts, the market has hit lows that surpass that obtained after the attacks of 9/11.
His announcement on the tax cuts capped a week that saw him sign the stimulus package into law and announce new measures to help families facing foreclosure and those struggling to make mortgage payments. The latter is Obama's life-line to reward poor judgement.
In essence, Obama is telling me that if I exercised good judgement in acquiring a mortgage that I could afford and saved for, make my mortgage payment, and live within my means; I am now expected to pay for those who did not.
Obama will kick it up a notch next week when he holds a summit at the White House on Monday to look at how to rein in the country's ballooning deficit and bring government spending under control as the economy starts to recover. While not an economist, I might suggest that he take the approach my family follows. If you do not have it, do not spend it.
Many Americans fail to recognize that you do not spend yourself out of a recession. FDR and Japan demonstrated that years ago.
As we continue to borrow money from communist China (with their false economy), we continue to reduce the value of the dollar. In other words, that foreign made Television that costs $1500 today, will cost $1700 after you borrow more money from foreign investors. All the money in the stimulus/spending bills has to be borrowed, and the more we borrow, the lower the value of the dollar.
My friends here in DC tell me all this spending and talk of doom and glom is not so much about the economy as it is about the administrations social agenda. Granted the economy is in recession. The talk of Depression is a bit of a stretch.
During the Depression, unemployment was well into the 20+% levels. Interest rates were sky high. Even when Reagan came into office, unemployment and interest rates were double-digit. That is not the case now.
Obama is a polished speaker and persuader. However, his talk of "stimulus" is a smoke-screen. How else do you explain the fact that his "stimulus bill" was more social engineering than stimulus?
He is a masterful politican and knew that Americans would not support his social agenda were they not sold on the idea that the sky was falling and massive spending was the only way to the promised land of recovery. He does not speak of hope today. He plays on our fear and foreboding of what lies ahead.
If you take time to look closer at the Stimulus Bill that was passed, you will find a social agenda bill passed off as a much sought after economic stimulus.
The Charltan of Chicago is playing Americans like a drum!!
So what he is really doing is providing tax relief to 55% of Americans and another form of welfare to the other 40%. This is to begin April1, 2009.
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month," Obama said in his weekly radio address.
"Never before in our history has a tax cut taken effect faster or gone to so many hard-working Americans," he said.
The measures have received a mixed early reaction from gloomy financial markets uncertain whether they will succeed in arresting the downward economic spiral. Since Obama has been leading America's economic efforts, the market has hit lows that surpass that obtained after the attacks of 9/11.
His announcement on the tax cuts capped a week that saw him sign the stimulus package into law and announce new measures to help families facing foreclosure and those struggling to make mortgage payments. The latter is Obama's life-line to reward poor judgement.
In essence, Obama is telling me that if I exercised good judgement in acquiring a mortgage that I could afford and saved for, make my mortgage payment, and live within my means; I am now expected to pay for those who did not.
Obama will kick it up a notch next week when he holds a summit at the White House on Monday to look at how to rein in the country's ballooning deficit and bring government spending under control as the economy starts to recover. While not an economist, I might suggest that he take the approach my family follows. If you do not have it, do not spend it.
Many Americans fail to recognize that you do not spend yourself out of a recession. FDR and Japan demonstrated that years ago.
As we continue to borrow money from communist China (with their false economy), we continue to reduce the value of the dollar. In other words, that foreign made Television that costs $1500 today, will cost $1700 after you borrow more money from foreign investors. All the money in the stimulus/spending bills has to be borrowed, and the more we borrow, the lower the value of the dollar.
My friends here in DC tell me all this spending and talk of doom and glom is not so much about the economy as it is about the administrations social agenda. Granted the economy is in recession. The talk of Depression is a bit of a stretch.
During the Depression, unemployment was well into the 20+% levels. Interest rates were sky high. Even when Reagan came into office, unemployment and interest rates were double-digit. That is not the case now.
Obama is a polished speaker and persuader. However, his talk of "stimulus" is a smoke-screen. How else do you explain the fact that his "stimulus bill" was more social engineering than stimulus?
He is a masterful politican and knew that Americans would not support his social agenda were they not sold on the idea that the sky was falling and massive spending was the only way to the promised land of recovery. He does not speak of hope today. He plays on our fear and foreboding of what lies ahead.
If you take time to look closer at the Stimulus Bill that was passed, you will find a social agenda bill passed off as a much sought after economic stimulus.
The Charltan of Chicago is playing Americans like a drum!!
Wednesday, February 4, 2009
OBAMA STYLED "CHANGE" & "STIMULUS"
On November 4Th, the American electorate voted for "Change". Throughout the campaign Barack Obama convinced enough voters to not look to close, and trust his untested leadership.
Now barely two weeks into this administration that promised hope and change, we find ourselves with exactly what the electorate deserves. We have been given cabinet nominees, many of which feel above having to pay their taxes. This of course includes our new Treasury Secretary who will oversee the IRS. He did cough up the $34,000 after receiving the Treasury nomination. He had no intention of doing so prior to that time. This is 'change'?
Under the guise of a "stimulus package", the Democrats have usurped the legitimacy of such a noble cause, and instead, put forth a pork laden bill catered to the 'no accountability' left wing.
This attempt to borrow and spend our way out of a recession is not a new idea. Roosevelt tried in the 30's, and when he ran for his third term in 1940, our unemployment rate still hovered around 20%. That was after eight years of the same style stimulus programs. If not for the war clouds of Europe his reelection was in question. He went on to win because of promising to keep America out of the war, in spite of his dismal economic policies.
Japan tried the Roosevelt model during their prolonged recession of the 90's. It failed to work that time as well.
Now the Rain Man of Chicago politics appears to be attempting to imitate Bullwinkle. We all remember Bullwinkle trying to pull a rabbit out of a hat. Having pulled out a Rhinoceros, and then a lion by mistake, Bullwinkle exclaims "this time for sure".
According to the democratic controlled Congressional Budget Office, only one fifth of this stimulus would be felt in 2009. Most of the money is scheduled to be spent after the recession is predicted to end.
Obama claims to want this bill to pass in order to create jobs. It falls far short according to estimates. The Endowment for the Arts employs how many people? Contraception? How about $650 million for 'Digital TV.coupons'?
Less than 10% of the bill could be considered true stimulus, if one assumes tax credits and infrastructure spending will jolt the economy. The other 90% of the bill represents one of the most egregious acts of generational theft in our nation's history, with taxpayer money going to special-interest earmarks, an ill-conceived bailout to states, and permanent spending increases that expand government's reach in areas like health care and education.
The bill's selling point is that three million jobs will be created or saved by this package. What's alarming is that each job will cost $286,000 to create or save. Moreover, one in five will be a government job....I start my new government job next Tuesday!!
One of the more egregious provisions in the Senate bill is a $166 billion bailout plan for the states that rewards bad budgeting at the state level. Simply sending cash to states without asking for appropriate sacrifices is grossly irresponsible. States will no longer have the incentive to live within their means, because they'll assume the federal government will be there to bail them out.
Instead of a bailout, Congress could offer states an emergency loan that could be repaid at a low interest rate. This approach apparently wasn't considered because the members who wrote the bill aren't simply interested in saving jobs -- they want to push their agenda along the way.
A key example is health care. The Senate bill doubles the amount of the Medicaid bailout requested by governors and lays the groundwork for government-run health care, which invariably leads to rationing. This ideological overreach has led even some Democrats, like Nebraska's Ben Nelson, to express concern that various "sacred cows" in the package are hurting the bill's overall goals.
The bill is also loaded with old-fashioned pork, despite President Barack Obama's insistence that members of Congress refrain from adding earmarks. In fact, the bill contains the most expensive earmark in history: $2 billion for the FutureGen near-zero emission power plant in Matoon, Ill.
Of course Obama has no problem with a $5 billion earmark for his friends at ACORN. We all remember ACORN. This is the organization that had it's offices raided by the FBI after it became evident that the organization was blatantly involved with voter registration fraud, registering people multiple times, and registering fictitious names. Why punish them? Under this administration we will reward them. They not only drank the kool-aid, they helped pass it out!
Other non stimulative pork provisions include $88 million for a new polar icebreaker for the Coast Guard, $600 million to buy hybrid vehicles for federal employees, and $850 million for Amtrak.
What is not in the bill is as troubling as what is. The package does nothing to clear the toxic assets and bad mortgages that helped trigger the credit crisis. These are some of the same scam mortgage products that Congressman Barney Frank D-MA defended when attempts were made to add more regulation to Fannie Mae. Why wouldn't Barney block re regulation? His lover, Herb Moses was the architect at Fannie Mae who was selling these mortgages and bringing home the resulting bonuses to Barney and keeping him draped in gold lame'.
It also contains very little meaningful tax relief to make small businesses and American companies more competitive. Instead, the tax provisions of the stimulus are essentially a modest cash handout that repeats the failed policy of George W. Bush's rebate-check stimulus.
The only thing that will be "stimulated" with this bill, is America's collective sphincter!
Now barely two weeks into this administration that promised hope and change, we find ourselves with exactly what the electorate deserves. We have been given cabinet nominees, many of which feel above having to pay their taxes. This of course includes our new Treasury Secretary who will oversee the IRS. He did cough up the $34,000 after receiving the Treasury nomination. He had no intention of doing so prior to that time. This is 'change'?
Under the guise of a "stimulus package", the Democrats have usurped the legitimacy of such a noble cause, and instead, put forth a pork laden bill catered to the 'no accountability' left wing.
This attempt to borrow and spend our way out of a recession is not a new idea. Roosevelt tried in the 30's, and when he ran for his third term in 1940, our unemployment rate still hovered around 20%. That was after eight years of the same style stimulus programs. If not for the war clouds of Europe his reelection was in question. He went on to win because of promising to keep America out of the war, in spite of his dismal economic policies.
Japan tried the Roosevelt model during their prolonged recession of the 90's. It failed to work that time as well.
Now the Rain Man of Chicago politics appears to be attempting to imitate Bullwinkle. We all remember Bullwinkle trying to pull a rabbit out of a hat. Having pulled out a Rhinoceros, and then a lion by mistake, Bullwinkle exclaims "this time for sure".
According to the democratic controlled Congressional Budget Office, only one fifth of this stimulus would be felt in 2009. Most of the money is scheduled to be spent after the recession is predicted to end.
Obama claims to want this bill to pass in order to create jobs. It falls far short according to estimates. The Endowment for the Arts employs how many people? Contraception? How about $650 million for 'Digital TV.coupons'?
Less than 10% of the bill could be considered true stimulus, if one assumes tax credits and infrastructure spending will jolt the economy. The other 90% of the bill represents one of the most egregious acts of generational theft in our nation's history, with taxpayer money going to special-interest earmarks, an ill-conceived bailout to states, and permanent spending increases that expand government's reach in areas like health care and education.
The bill's selling point is that three million jobs will be created or saved by this package. What's alarming is that each job will cost $286,000 to create or save. Moreover, one in five will be a government job....I start my new government job next Tuesday!!
One of the more egregious provisions in the Senate bill is a $166 billion bailout plan for the states that rewards bad budgeting at the state level. Simply sending cash to states without asking for appropriate sacrifices is grossly irresponsible. States will no longer have the incentive to live within their means, because they'll assume the federal government will be there to bail them out.
Instead of a bailout, Congress could offer states an emergency loan that could be repaid at a low interest rate. This approach apparently wasn't considered because the members who wrote the bill aren't simply interested in saving jobs -- they want to push their agenda along the way.
A key example is health care. The Senate bill doubles the amount of the Medicaid bailout requested by governors and lays the groundwork for government-run health care, which invariably leads to rationing. This ideological overreach has led even some Democrats, like Nebraska's Ben Nelson, to express concern that various "sacred cows" in the package are hurting the bill's overall goals.
The bill is also loaded with old-fashioned pork, despite President Barack Obama's insistence that members of Congress refrain from adding earmarks. In fact, the bill contains the most expensive earmark in history: $2 billion for the FutureGen near-zero emission power plant in Matoon, Ill.
Of course Obama has no problem with a $5 billion earmark for his friends at ACORN. We all remember ACORN. This is the organization that had it's offices raided by the FBI after it became evident that the organization was blatantly involved with voter registration fraud, registering people multiple times, and registering fictitious names. Why punish them? Under this administration we will reward them. They not only drank the kool-aid, they helped pass it out!
Other non stimulative pork provisions include $88 million for a new polar icebreaker for the Coast Guard, $600 million to buy hybrid vehicles for federal employees, and $850 million for Amtrak.
What is not in the bill is as troubling as what is. The package does nothing to clear the toxic assets and bad mortgages that helped trigger the credit crisis. These are some of the same scam mortgage products that Congressman Barney Frank D-MA defended when attempts were made to add more regulation to Fannie Mae. Why wouldn't Barney block re regulation? His lover, Herb Moses was the architect at Fannie Mae who was selling these mortgages and bringing home the resulting bonuses to Barney and keeping him draped in gold lame'.
It also contains very little meaningful tax relief to make small businesses and American companies more competitive. Instead, the tax provisions of the stimulus are essentially a modest cash handout that repeats the failed policy of George W. Bush's rebate-check stimulus.
The only thing that will be "stimulated" with this bill, is America's collective sphincter!
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