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  • Morning Bell: 'Investing' Our Way to the Poor House

    Ka-thump. That sound you just heard was President Barack Obama throwing 95% of all Americans under the bus. In his opening remarks during last night’s press conference, President Obama said of his budget: “This plan will provide a tax cut to 95 percent of all working families that will appear in people’s paychecks by April 1st.” But pressed later by ABC News’ Jake Tapper about compromises he was willing to make to get his budget passed, Obama said: “When it comes to the middle-class tax cut, we already had that in the recovery. We know that that’s going to be in place for at least the next two years. … The bottom line is, is that I want to see health care, energy, education, and serious efforts to reduce our budget deficit.” Translation: enjoy your extra $13 a week while you can, because Obama is not going to fight for your tax dollars.

    What Obama is going to fight for is massive increases in government spending; or, as he likes to call them, “investments.” Obama said the words “invest” or “investments” 22 times last night. He is staking his entire presidency on the belief that government made decisions are a wiser and more efficient allocator of resources than the millions of individual decisions Americans make every day through a functioning free market. Obama believes massive new federal spending and control of the health, education, and energy sectors will lead to better economic growth.

    He is wrong. Between 1984 and 2004, real government per pupil expendi­tures increased by 49% and yet reading scores and high school graduation rates have either remained flat or declined. The federal government has been subsidizing “alternative” energy since the 70s and yet, alternative energies such as wind and solar power contribute only 1% of our nation’s energy needs. On health care the only thing sure about Obama’s plans is that they expand coverage in ways that explode costs, while his cost reduction measures fall short of the fundamental reforms needed contain costs. If government controlled health care were such an economic life saver, then why is all of Europe in the same economic mess we are in?

    Obama’s massive spending explosion will do nothing to create economic growth, but it will grow our federal deficit. Again, last night, President Barack Obama claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious.

    Finishing his opening remarks last night, Obama said: “At the end of the day, the best way to bring our deficit down in the long run is not with a budget that continues the very same policies that have led us to a narrow prosperity and massive debt. It’s with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.” There is no saving in Obama’s budget. Only an acceleration of the borrow and spend policies that got us where we are today.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    46 Responses to Morning Bell: 'Investing' Our Way to the Poor House

    1. Andy, La Jolla says:

      Capital investments, investments in roads, bridges, education, electric grid modernization,infrastructure, etc. have been proven to benefit economic growth. Even Republicans benefit from pothole free roads, safe bridges, better educated workers, and other infrastructure projects. Hard to believe, I know!

      I'm sure many commentors to this article will froth and complain about these measures, all the while using the outdated power lines, driving in their luxury automobiles over pothole ridden roads, talking on their cell phones (which benefit from government regulated and updated bandwidth). Very typical. Many would also benefit from better education and health care options – that is if they actually go to school, send their children to school, or get off their fat behinds to pursue preventative health care options and healthy lifestyles!

    2. Ken Jarvis - Las Veg says:

      Thursday the Prez

      is having a Online Town Hall

      Whitehouse.gov

      to submit a question.

      Question I submitted is -

      What time is the Town Hall?

      ===

      I believe we need a National Sale Tax – NSTx

      Where ALL Taxes are paid

      when the purchase is made.

      How do I submit that

      for YOUR CONSIDERATION?

      The Tax would be 10%

      8.5% going to the Treasury

      1% going to Soc Sec

      and

      .5% to Medicare

      NO WITHHOLDING

      NO RECORDS TO KEEP

      April 15 would be – just another day.

      How do I submit that

      for YOUR CONSIDERATION?

      ====

      Warren Buffet – got 10% Guaranteed

      Why not make that available to ALL.

      If I got that

      I would INVEST ALL OF MY AVAILABLE CASH.

      And, THAT Type of investment would

      REALLY STIMULATE THE ECONOMY.

      LVKen7@Gmail.com

    3. Jonathan Seid, Willi says:

      Such as he is, President Obama does not get it. 'Living' costs too much money. Housing, health-care, groceries, insurance, state and federal governments..all cost too much. Most of us struggle to pay the costs now. Taxes to federal and state governments will go up to pay for democrat programs. Maybe we'll be able to afford it in 2- years, 3-years, etc? So long as we stake these politicians, they will take the money and invest for us. How much more do you want us to give, Mr. President? ("More! More! More!")

    4. mike baker Dallas Ce says:

      Obama's teleprompter doesn't think too quickly on its feet does it? I watched him struggle to keep from saying too much and revealing the thoughts that would reveal his world view. When the Washington Times reporter asked, what I thought was a pretty innocuous question, about the president's rationale on the stem-cell decision, Obama seemed to stop and recalculate his words whenever 'sanctity of life' would have rolled off an average person's lips. I think we're going to get even more stilted press conferences as time goes by and he has to put more and more effort into denying the obvious.

    5. Richard Cancemi, Arl says:

      Obama is a Marxist and uses the ploy of "new speak" whereby words like "tax cuts" mean tax increases; "liberty" means enslavement; "change/progress/reform" mean government control of our lives; "a new beginning" means trashing the Constitution and replacing it Euro-socialism.

      The man is a charming devil.

    6. E Paul Lian, Scotts says:

      If I have to hear Mr Obama use the words: "disingenuous" and "transparency", one more time, I will absolutely scream. It all reminds me of my military days when a few guys, with limited educational credentials, would use a few multi syllable words to try and impress others as being "educated". I've seen enough of the whole crew, Mr Obama can take his wife, kids, furniture, his new swing set, Robert Gibbs, Rahm Emanuel and get the hell out of Dodge. Last nights press conference is further proof we have all been conned, duped and lied to. This guy is an absolute fraud.

    7. Richard Cancemi, Arl says:

      Obama is a Marxist and uses the ploy of "new speak" whereby words like "tax cuts" mean tax increases; "liberty" means enslavement; "change/progress/reform" mean government control of our lives; "a new beginning" means trashing the Constitution and replacing it with Euro-socialism.

      The man is a charming devil.

    8. Nelia, Fountain Hill says:

      Thugs have taken over the White House. For whatever reason, Obama and his crew are intent on taking this country to certain ruin. Unless those who know the truth are brave enough to go public and testify, our progeny are destined to inherit a socialist democracy. Obama has taken on the persona of a dictator rather than a man pledged to serve our nation.

    9. J.C. Hughes, Texas says:

      Conn's statement "Translation: enjoy your extra $13 a week while you can, because Obama is not going to fight for your tax dollars." mirrors my words when employees received news of this tax reduction. In my own words, "enjoy the temporary calm while preparing for the storm that's sure to follow." Those dark clouds brewing on election day were hard to miss, unless of course you believed the anti-Bush crowds' description as being warm fuzzies.

    10. Sliver Wisconsin says:

      I think all of us that don't work for the government should go on welfare, that way those people could support us and then they will know what it feels like to share the wealth. Hey wait a minute isn't that happening now. :)

    11. Ken Jarvis - Las Veg says:

      Another question for Obama -

      Do YOU want RUSH Limbaugh to FAIL?

    12. Ken Jarvis - Las Veg says:

      From the Obama Transcript of the news conference.

      "And there's an

      interesting reason

      why some of these

      critics haven't put out their own budget.

      I mean,

      we haven't seen an

      alternative budget out of them."

    13. Paul Schwab says:

      Why do politicians think that throwing money at programs that have failed for years, is going to rejuvenate them?

      Businesses that cannot make a profit should not stay in business at the taxpayers expense.

      There at two people who will go out of business; one who doesn't charge enough for their product and the other who charges too much for their product.

      When they start going down they should find a way to survive without taxpayers bailing them out.

      This administration is going to be the BIGGEST BUCNCH OF SPENDERS EVER. Our money folks. They don't seem to understand.

      WE NEED TERM LIMITS. WE NEED FAIR TAX.

    14. rebecca kaminski says:

      Your article begins with such slanderous phrasing. Our president didn't get us in this mess.

      What is it that you do not understand YOU are the enemy of the United States.

      It's absurd this site has the nerve to use the word, heritage. Certainly not in the way it's implied. Heritage of self-serving beguilement.

      The ballot sent out by this 'foundation' (another oximoronic use of a word. Consider the source) was a joke. You really do tool the weak-minded into believing you are for just causes.

    15. jonah Tazewell VA. says:

      It is beyond me how anyone could vote democrat after viewing their voting record for the last three decades. The democrats and the marxist have a lot in common. I wonder, since I vehemently disagree with Mr. Obama and the party, when the newly formed brown shirts, recently formed by Mr. Obama and which, by the way, have already been used to intimidate AIG execs in their own homes via their opperatives known as Acorn, that felonious org. under investigation for voting fraud, will be sent to my address for writing this comment.

    16. Ron, Derry NH says:

      The problem with these investments are in some cases taxes have been collected on them and mis-spent already by the same government that is now preaching salvation by the added expenses.

      People who think spending more on increased government programs that have a budget shortfall and are set to implode and cause more taxation for less value have obviously not been aware of the reason for lack of liquidity comes from paying too much for something and not creating a sustainable gain from that risk so that one doesn't pay twice for something one never got in the first place.

      Governments can not create sustainable economic growth without replacing that growth, or investment with future taxation, when the private sector profits dry up from government competition and/or waste. It is a copy of a gas guzzler not being the solution to travel and yet these people are suggesting we are investing by building the largest gas guzzler of all time to drive around the block, and then have our children feed this monstrosity just because it makes Obama look good in his PIMP mobile.

      PERPETUAL motion doesn't drive the economy; however some people , who don't have any understanding, don't see that work, plus productivity, plus value doesn't produce a profit unless a profit margin can be gained and a market can be exploited.

      The government profit margin, to gain tax revenue is based on fixed imaginary figures that deteriorate all of the above factors and reduce profit and exploit the value of the people as its foundation. In the end, government programs decrees value and stall growth from over taxation of the worth of what they aim to accomplish and then fail to do.

      The government already is taxing to fix the infrastructure and all that money goes up in smoke. What makes this plan better is it will consume an entire generations value and then some to make OBAMA look heroic in his vision…just like any other dictator at the cost of every bodies portable wealth/liberty to choose and decide their destiny.

      This is a sweeping testimony at how naive people are to how insidious Fascism, communism and socialism is. It promises all the needs to be cured, which no one can argue; then enslaves all to pay for that vision at the hands of government forced labor. Yippee, that is the America I want to put my name on!

    17. Doc Hilliard, Big Be says:

      Years ago rhe Democratic party had a few really outstanding patriots. No more.

      If Pat were still with us he likely would repeat his famous line in regards to just about anything and everything the Democrats are doing and saying, especially Mr. Obama. The quote follows. When listening, consider the source; compare Pat's credentials to those of Mr. Obama.

      “ I can’t believe what I just heard. And I don’t “

      Daniel Patrick “Pat” Moynihan (March 16, 1927 – March 26, 2003) was an American politician and sociologist. A member of the Democratic Party, he was first elected to the United States Senate for New York in 1976, and was re-elected three times (in 1982, 1988, and 1994). He declined to run for re-election in 2000. Prior to his years in the Senate, Moynihan was the United States' ambassador to the United Nations and to India, and was a member of four successive presidential administrations, beginning with the administration of John F. Kennedy, and continuing through Gerald Ford.

    18. Sliver Wisconsin says:

      You bet Ron and then we have people like Rebecca that can't see Socialism/Communism creeping up on them or should I say running up on them because it's getting darn close.

    19. Dennis A. Social Cir says:

      The "president" or "chosen one" as some like to refer to him, is a silver tongued devil. The American used a term to lieing men in their time, "he speaks with a forked tongue", well I think we were lied to on many occassions by this thing that was elected by the liberal media. He is telling us one thing and doing another, The deficit is growing by leaps and bounds as is his lies.

      In four yeras we will be a socialists nation just like Europe and look at the mess they are in. The next election is not soon enough, if the dems are not put out of office this country will be over and done.

    20. Tom Coal Valley says:

      I listened to his press conference last night and actually believe this man was elected on looks only and hasn't got what it takes to lead this country.I believe I finally met a snake oil salesman that I had heard about as a kid. These investments {Government spending} will bankrupt us all. God help the rest of the world when this country goes under they will not receive the aid they are used to getting. Looks like Jimmy Carter all over again.

    21. Sliver Wisconsin says:

      I have never been able to understand the moonbat mentality, they get moonstruck about somebody who can talk and look good but is lying to them and they don't even realize it. This icludes politicians, actors, car salesmen and so on, I only had to be taken a couple of times before I became cynical and wary about people like that.

      This has taught me to do some research before I make a decision to do most anything that might have a lasting affect on me and my family.

    22. Jack Kyle, Lubbock, says:

      Compromise is just another word for something else to lose

      I wanted to come up with a motto that sums up much of what conservaties have been saying; something that people can remember and quote. I borrowed from a line in the song Me and Bobby McGee, “freedom is just another word for nothing left to lose”.

      I believe that conservatives need a motto to hold on to and be guided by, something that says we have given in as much as we are going to. It is time to draw a line in the sand and say to liberals “not one step farther”. When the liberals say to us that we need to compromise, we need to say to them “Compromise is just another word for something else to lose”. The yoke of tyranny gets tighter everytime congress opens it's mouth, they speak and our freedoms disappear.

      Jack Britton Kyle

    23. William Cole - Texas says:

      Two points on this edition of Morning Bell.

      Alternative and renewable sources of energy are little more than mythical. As an example, all megawatts produced by wind generators have to be backed up by conventional generators due to the unreliability of the wind. This back up also requires a level of “spinning reserve”, the cost of which is paid by the consumer.

      ETHICS and Pelosi: Those two words in the same sentence cause anyone capable of rational,logical and analytical thought to laugh.

    24. mike, hickory, nc says:

      Quote: "…given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious."

      Correction: Given that Obama has already helped quadruple the deficit with his misleadingly so-called "stimulus package", his pledging to halve it by 2013 is glaringly both misleading and ridiculous.

      In other words, true only to his Leftist government elitist and statist form and agenda, Obama keeps claiming as if he and his Comrades can make 2 x 4 = 1.

      Of course we've all heard, and suffered the consequences of, the same patently misleading and ridiculous things before from Leftist government elitists and statists alike, such as:

      In 1992 when another Leftist government elitist named Bill Clinton similarly got his way into the White House the first time through revealingly and tellingly similar promises of such as "more taxes on 'the rich'", yet even college students, attending classes and studying full-time and working their way through college on mere part-time jobs, evidently became considered "the rich" as they were suddenly switched from owing no income tax to owing income tax, and not as the result of "high" (as in "rich") income, or even "inflation".

      Plus, in 1995 when, for example, about "the school lunch program" and "medicare", and on nation-wide television, a school kid spotted how the Left tries to define simple addition and subtraction according to whether Democrats or Republicans are doing it, and, when the school kid basically pointed out that 2 + 1 = 3, not 1, no matter who is doing the adding, the Leftist college professor tried to "pull rank" on him by basically saying "You're only a school kid who doesn't know anything. I'm the college professor, so I'm the one who knows!"

      So once again in this case, according to Obama and his gang, 2 x 4 = 1.

      What a neat, patently misleading and ridiculous trick, Obama, so of course we must surrender our freedoms, prosperity, and security to you and your Leftist government elitist and statist Comrades. Not!

    25. Wallyblu, Zion, IL says:

      The only way to solve these problems is to concentrate on the real issues at the next election.

      There should be only two issues one term limits and two a balanced budget.

      Two terms for a Representative, one term for a Senator, two terms for the President. If you can't get it done in four, six or eight years it probably isn't worth doing.

      Unless there is some extraordinary curcumstance (and I don't mean something might happen I mean something has happened) the Government should not budget more than it's revenue from the previous year.

      Abortion, Gay rights, Illegal immigrants etc. don't mean a thing if our Government takes all your rights away.

      I heard Phil Donahue say that the Iraq war was not legitimate because the words declare war wasn't in the resolution to use force, but I didn't hear that the right to keep and bear arms shall not be infringed, means if you ask me if I have personal arms that is an infringement on my right to keep and bears arms.

      All liberals read the Constitution and forget that words have meaning, when it is said that today is Tuesday we don't need someone to tell us that tommorow is Wednesday not Friday.

    26. Amber, Kansas City says:

      Snake oil salesman… switch and bait… these tactics are illegal in many industries. We have the ability to seek legal redress… with Obama, nothing. Gr!

      "Obama said: 'At the end of the day, the best way to bring our deficit down in the long run is not with a budget that continues the very same policies that have led us to a narrow prosperity and massive debt. It’s with a budget that leads to broad economic growth by moving from an era of borrow and spend to one where we save and invest.'" God knows I love what he says — we don't need a budget "that continues the very same policies" (those of spending like crazy hoping that it will "stimulate" the economy) — but you and I know what he SAYS and what he does are two VERY different things. He says we need to "save and invest" but he has no clue how to do either. Maybe we should send him through Dave Ramsey's class!! Maybe then he'll begin to understand that you can't put out a kitchen fire by lighting more fires, can't stop a sinking ship by adding more water, and you can't save money (or invest) while you're spending more than you make. I wonder if we should just send him the book? Think he'd get it?

      Oh, and does anyone else notice how vague and flowery his speech is? It's funny how lost you can get in the redundancy and run-ons.

      "At the end of the day"

      "in the long run"

      "to a narrow prosperity and massive debt"

      "leads to broad economic growth"

      "an era"

      Can I please paraphrase? "What we need is a budget that is not a borrow and spend, like my own, but a one that saves and invests for the future." And therein lies honesty.

    27. Craig, Beavercreek O says:

      Andy, c'mon now, we desire, just as you do in the betterment of infrastructure, power and education. My heart tells me this man has been promoted beyond ability. He is going to ruin the "American Dream" in his attempt to ram the hard left agenda down the throat of the country before the ignorant and dependent catch on. They who gave him his presidency are counting on his handouts. Those of us who have earned what we have understand he will change the face of our nation forever. I refuse to let our economy and way of life be destroyed by his agenda. Be it Socialist, Marxist or whatever, it is leading my country down a path that I WILL NOT ACCEPT. Our problems can can be fixed without destroying our lifestyle, our childrens future, and the last true Democracy in the world.

    28. DeAnna Morton, Mt. A says:

      Spend, Spend, And Spend some more! Since when did spending money save money? If you ask me the government as a whole is just a bunch of screwed up politicians who probably had to cheat their way through college. Every time Christ Dodd, Barney Frank, Nancy Pelosi, and Obama get in front of the television to open their mouths it just confirms that we have government officials how are incompetent on any executive level. This bunch of cronies signed a ridiculous bailout that included bonuses for high paying executives then screamed “we want our money back.” I don’t support any bailouts for anyone. However if these Washington cronies are going to say that high paid executive didn’t do their jobs so therefore they don’t deserve the money, well then neither do these crooked politicians that we, the tax payers, pay to do their jobs! These guys in Washington are failing! They are not doing what we pay them for! If it were you or me, we would be fired. But instead theses guys get to vote themselves a raise and their employer (tax payers) can’t do a thing about it.

      Well, I WANT MY MONEY BACK!!

    29. Helen.Homestead,Fl says:

      The only option that we have to get him out of office ;before he totally destroys this country is to impeach him!!!!!1.We would need a united front to lean on the Republicans, hopefully Blue Dog Democrats and anyone else who is smart enough to see the hand writing on the walland not slobbering all over him!We can not afford to wait 4-8 years for himm to destroyus!!!!1We must act now.I don't think the Tea Parties are going to have that much effect, other than allowing us to vent!!1We are doomed unless we impeach himand remove him from office before the end of this term!!!

    30. Arnie Rosner, Founta says:

      After careful review of various sources it is beginning to become clear to me that this is a deliberate “perfect storm” to quickly take over the American government under the pretext of solving the current dilemmas. As one of the president’s men quoted, “Never waste a crisis”.

      All of this management by crisis is deliberate. There never has been any intention to fix the problem; it is all a rouse. The whole idea is to plunge the US into a chaotic set of circumstances and then evoke emergency power to “save the Union”.

      Wake up fellow citizens…this is a mad rush to solidify the power base before anyone or anything can be done to stop it.

      Is this also related to the crisis in California? In New York? All part of the master plan?

      Well just think about it….part of a multi pronged strategy has been boiling In California for some time. What appeared to be uncontrolled spending by liberal factions of the state government may simply be a smaller part of the bigger overall plan to also financially compromise the state. Adding to the complexity is the drive for amnesty for illegal aliens; effectively almost guaranteeing a large influx of potential voters believed to be mostly of the liberal persuasion.

    31. Pingback: Conservative Nation » Obama’s Amerika - Links for 3/25/2009

    32. John Rosina, Bordent says:

      mike, hickory, nc writes:

      Quote: “…given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious.”

      Correction: Given that Obama has already helped quadruple the deficit with his misleadingly so-called “stimulus package”, his pledging to halve it by 2013 is glaringly both misleading and ridiculous.

      Hey Mikie:

      1. Who ya quotin, Mr Verboten.

      2. Your "Correction" of the quote is no correction at all and just another Mass Pile-Up of bloated adverbs and adjectives on that endless bridge to nowhere in your head.

      Old Hickory Mike further stares:

      "In 1992 when another Leftist government elitist named Bill Clinton similarly got his way into the White House the first time through revealingly and tellingly similar promises of such as “more taxes on ‘the rich’”, yet even college students, attending classes and studying full-time and working their way through college on mere part-time jobs, evidently became considered “the rich” as they were suddenly switched from owing no income tax to owing income tax, and not as the result of “high” (as in “rich”) income, or even “inflation”.

      John R says: Correction Impossible.

      Do you slam down a few beers or smoke whack tabakky while you type? WOW!

      You constantly infer "the unniversal we" do not get it! And, in your case, I concur! What the hell are you trying to say?

    33. Les, Hermitage, Pa. says:

      Wake up America….Why is this social engineering going on? Our rights are being invaded each day by this administration.. I would suggest that we all go to the various TEA PARTIES that are being organized around the U. S.

      Why arent the Republicans speaking up more about what is going on?

    34. Matt Bowie, MD says:

      Why is there no outrage when we continue to print money without any collateral to back it up? Some Americans got themselves into this fiscal financial morass by overextending themselves, using credit cards like tissue paper, living beyond their means but then Uncle Sam

      was and is such a good teacher. Uncle Sam writes checks he cannot cash. In the words of the White House Chief of Staff , "Never waste a

      good crisis". So when we should be saving our money and exercising fiscal restraint we will instead roll out universal health care that

      hasn't worked in Great Britain, Sweden or Canada, wait the Canadians love it. They just come across the border to the US.

      According to the National Center for Policy Analysis and Sven R.

      Larson in “Lesson from Sweden’s Universal Health System: Tales from the Health-care Crypt,” published in the Journal of American

      Physicians and Surgeons (Spring 2008), they have the same problems with waiting lists, rationed care, and retarded innovation seen in

      Canada and the UK.

      One Gothenburg multiple sclerosis patient was prescribed a new drug but his doctor’s request was denied because the drug was 33 percent

      more expensive than the older medicine; he then offered to pay for the medicine himself but was prevented from doing so because the bureaucrats said it would set a bad precedent and lead to unequal access to medicine.

      Malmo, with its 280,000 residents, is Sweden’s third-largest city to see a physician, a patient must go to one of two local clinics before

      they can see a specialist; the clinics have security guards to keep patients from getting unruly as they wait hours to see a doctor and

      the guards also prevent new patients from entering the clinic when the waiting room is considered full.

      Uppsala, a city with 200,000 people, has only one specialist in mammography; Sweden’s National Cancer Foundation reports that in a few

      years most Swedish women will not have access to mammography.

      Dr. Olle Stendahl, a professor of medicine at Linkoping University, pointed out a side effect of government-run medicine: its impact on

      innovation. He said, “In our budget-government health care there is no

      room for curious, young physicians and other professionals to

      challenge established views. New knowledge is not attractive but

      typically considered a problem (that brings) increased costs and

      disturbances in today’s slimmed-down health care.”

      Yes lets not waste a good crisis. Lets spend spend spend. What happens if the Chinese say no America we wont buy any more T-Bills? What then?

      Or worse what if the Chinese say we will buy T-Bills in exchange for Taiwan. Where is the outrage? Wait there is no outrage just another

      free pass for the current President and the current Congress. As a

      parent I would like to leave my kids a legacy but what legacy? A debt

      that cannot be repayed. Is it time for another Boston Tea Party? Where

      is the outrage over the money AIG sent to the President and

      Congressional representatives? When will they return those funds?

      From a current column from Thomas Sowell

      "No one pushed harder than Congressman Barney Frank to force banks

      and other financial institutions to reduce their mortgage lending

      standards, in order to meet government-set goals for more home

      ownership. Those lower mortgage lending standards are at the heart of

      the increased riskiness of the mortgage market and of the collapse of

      Wall Street securities based on those risky mortgages.

      Senator Christopher Dodd has played the same role in the Senate as

      Barney Frank played in the House of Representatives. Now both are

      summoning government employees and the officials of financial

      institutions before their committees to be lambasted in front of the

      media."

      Look here from the Center for Responsive Politics

      Name Office z Total Contributions

      Dodd, Chris (D-CT) Senate $103,100

      Obama, Barack (D-IL) Senate $101,332

      McCain, John (R-AZ) Senate $59,499

      Clinton, Hillary (D-NY) Senate $35,965

      Baucus, Max (D-MT) Senate $24,750

      Romney, Mitt (R) Pres $20,850

      Biden, Joseph R Jr (D-DE) Senate $19,975

      Larson, John B (D-CT) House $19,750

      Sununu, John E (R-NH) Senate $18,500

      and also, The Center also reports that stimulus bill supporter Senator

      John Kerry (D-MA) "was by far the biggest investor in AIG, with stock

      valued around $2 million.

      Where is the outrage? As the Circus comes to Verizon, the Patriot

      Center and the Arena in Baltimore I am reminded of PT Barnum's creed,

      "A Sucker is born every minute". Where is the outrage indeed?

    35. John, Colorado says:

      It looks like Congress is seeking all the retirement accounts, pensions, and private company assets it can, to devour them.

      Especially when run by Democrats.

    36. Craig, Albuquerque says:

      Greetings to All,

      It seems quite clear that many Americans are angry. I would suggest that all who feel compelled to write these blogs that your time could be better spent at a local “Tea Party” or “We Surround Them” focus group. Our plan should not be to just show up and protest taxes. No, it should be much more comprehensive. Unfortunately, we now have a President and his band of thugs Nancy P. and Harry R. Not much we are going to do about that,at least not by protesting taxes. These ordained will not listen to you. They have their own agenda. What can be done is to start at you local government level. Start with City Council leaders and then move on to local Mayors and then on to State Representatives and Governors. If they subscribe to the socialist doctrine of the current Federal Administration, then VOTE THEM OUT OF OFFICE. Do everything you can to VOTE THEM OUT OF OFFICE. Put you own people in place. Donate money to the “common sense” candidate. Your very way of life depends on it.

      Take a look at liberal California. They have every law under the sun to make business operation unfriendly in that State. And look where they are now. People are living under bridges in one of the wealthiest States in the U.S. This State is full of Multi-million dollar actors. Yet, we don’t hear about those “concerned liberals” reaching out to donate. No, instead we hear about Ed Norton telling everyone in the country to “turn out their lights on Saturday night”. Hard to even chuckle at this one.

      We do not need a New Constitution; we do not need a New Bill of Rights; we do not need a new world order. What Americans need are new representatives who themselves fall under strict control concerning PAC money. We need term limits in Congress. All of this can happen, but it has to start at the local level.

      It’s time to stop crying about Democrat or Republican. We American voters and tax payers are being played like a bunch of fools by our elected officials. To make matters worse, they treat you as if you are a child who can not possibly understand the complex

      dynamics of the American Way of life. Unfortunately, many of our elected officials have

      been educated beyond their level of intelligence. Their power is derived not from intelligence but from the stupidity of the people who elected them.

      If writing is your gig, have at it. However, the way to make a difference is talk to like minded people, organize and then vote these guys out of office. It is the only thing that is going to change the current state of chaos. Like our man Obama said “persistence”. What a beautiful word.

      Craig , Albuquerque New Mexico (Land of the Liberal)

    37. ella quinn kinston n says:

      Rebecca he did help get us in this mess. He was a democrat in the senate and he voted for a lot of things.The democrats ran congress for the last 3 years.

    38. Pingback: More Bailouts on the Way «

    39. Christy in Indy says:

      I really think the only way to get "back to basics" is to understand what the founding fathers wrote. And I don't see any Repub. office holder having the strength to stand up and say enough! We need to look at all the spending that has been going on for years and cut back in increments for the next few years so that the people affected can start to stand on their own.

      One way to save money:

      I'm sure they, the founders,never thought we should be involved in research. Research is wonderful and is improving our lives but shouldn't we give if this "cause" is important to us? Also, the amount of spending from the Goverment does not equal the death rate. More people die from Heart related deaths than AIDS.

      Breast cancer research is important to me. You may have been touched by Lung cancer and it's important to you. Shouldn't we be the ones paying for research? The Goverment can give me back my money and the researchers can get their funding from private donation. I have my money to donate to what is important to me…that's freedom. That's money saved.

      Also,Wellfare

      I believe that God wants us to give a "hand up" to people, not a "hand out". If you are under 65 and are not mentally unable to provide for yourself, you should start to have your money taken away. Every three months you lose 1/4 of your check. We have programs that will help with job placement, most just don't care to try. They can make more sitting on their backside. This would solve the illegal alien problem too! They wouldn't have work.

      Just a couple of thoughts..

      I hate to watch Barry Hussin-Obama he makes me physically sick, but what really is sickening is that no one is out there to really take back America.

    40. w tobias says:

      i cant read the obama press any more every one of them follow him like he is jc.

    41. mike, hickory, nc says:

      Ah, John (Rosina, Bordentown, NJ), both I and the site administrator, along with countless others here, would greatly appreciate it if you would at least follow suggestions and rules of not writing such comments of personal, and specifically personal attacks against others who submit comments, "stay on subject", and thus stop being the leading example of making personally direct and personally ignorant attack and guttersnipe insults as you did this time, especially since your doing so only demonstrates a patently desperate determination to go “off subject” to do so.

      Of course, since you are so evidently determined to do so, you will no doubt respond to this with another such comment, such as the one you made this time of personally direct and personally ignorant attack and guttersnipe insults of illicit drug use and alcohol abuse (which I don't use and abuse), which not only breaks the site suggestions and rules against doing so and being "off subject" but thus also arouses the same response from me, countless others here, and probably also the site moderator, whether any of them “call you on it”, as the saying goes, or not.

      In other words, even though you have taught both me and others to expect from you another such comment in response to this, you would be well advised against doing so, because both I and others whom you have taught to expect such things from you, should only ignore and refuse to respond to you, except, hopefully, for the site administrator who should indeed take action against your determination to evidently so specialize in ignorantly specific personal attack (such as that implying illicit drug use and alcohol abuse) and go "off subject" to do so.

    42. Dale says:

      This is so frustrating? Why oh why did liberals and some moderates elect this man? I could have told you this is how he would rule and this is so frustrating to see this waste and theft unfold right before our eyes!! This is a wake up call America, elect conservatives, true conservatives!

    43. Paige, Orlando says:

      I agree that it is frustrating and frightening. A bit of good news is that Fox News television and radio are picking up more viewers/listeners due to the grievances rampant among our citizens.

      I hope all of you are writing your Senators and Congressmen as well as the Presdient, Pelosi, and Reid. Whether you think they'll listen or not, those offices need phone calls and letters of outcry from all of us, the voters.

      I attended the Orlando Tea Party, and I will attend the one on April 15th and the one in July in D.C.

      PLEASE, everyone, this is a WAKE-UP call. This is NO time for complacency and letting the kids' baseball games, work, or anything else stand in your way.

      I've heard reports of Senator Bill Nelson of FL and Pelosi working together to use "Reconciliaton" where they only need 50 votes, not 61, and no filabustering allowed, to push healthcare reform through to the White House. Write them both and tell them NO WAY! Write you own Senators too. It wouldn't hurt to include letters and calls to the offices of Chairman Michael Steele of the Republican Party and Chairman Tim Kaine of the Democratic Party. All of these people have influence and need to hear the will of the people.

    44. Pingback: The Gilley Educator » Blog Archive » Say Goodbye to Last Week

    45. Jim, Evensville Tenn says:

      Let me see the Fairness Doctrine, will get rid of 1st amendment.

      Attorney General will kill 2nd amendment.

      Embryonic stem cell research will kill millions more.

      Supporting abortion clinics outside the US with $$$ will continue to kill.

      And you can not borrow your way out of debt.

      And socialism will not work here. Try telling your kids in school all grades will be averaged and the average will be given to all. Good incentive "NOT"

    46. gorio, calif. says:

      Obama's real father was an african muslim but he distances his life and lifestyle from his father. I find it interesting that the birth certificate issue continues without resolution perhaps because its resolution would establish a stronger connection of Obama's muslim influence, hopefully this is not the case and he is just a flaming liberal doing what liberals do. however, if it turns out that he is a "closet" muslim then a lot of his actions/policies begin to make sense. His attitude on promoting abortions in predominately christian/secular nations, his meetings with muslim leaders as a first priority. The softening of the "terror" rethoric. The "closing" of gitmo. The attack/courtship of the financial powerbrokers during a bad recession. This could be a rational way for a good muslim to act as a leader of the great satan but

      hopefully this senario is totally wrong because if its right we

      have no reason to expect our leader to try to actually restart the fire in the great satan's belly, rather to poison the beast!

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