Category Archives: Dodd Frank

News and Commentary for January 16

I don't want to listen any more either!

I don’t want to listen any more either!

BRING IT! I don’t think these people have ANY IDEA how much this will back fire on them. “The movie mogul said his vision was to scare people away from firearms. He foresees moviegoers to leave thinking, “Gun stocks — I don’t want to be involved in that stuff. It’s going to be like crash and burn.”” Movie mogul says new Streep film to make NRA ‘wish they weren’t alive’

Don Jans , our key note speaker at our January meeting, asked us to begin studying Marxism. This article is good start. “Handy evidence of how communists continue to exploit the “progressive” label isn’t hard to find. It’s always just a click away at the website of People’s World, the house organ of Communist Party USA and successor publication to the Daily Worker (which throughout its existence received Kremlin oversight and funding). People’s World is very shrewd in the words it chooses to use, and not use.” The Communist Party Hails De Blasio and Obama

November 2014 is coming! “But according to this month’s IBD/TIPP Poll, that is precisely what the respondents do not want. Asked “if Congress doesn’t take action on an issue, would you approve or disapprove of President Obama using his executive powers to act on his own,” 55% disapproved of such fiat rule. A mere 41% said they’d approve, and 3% weren’t sure.” Obama’s One-Man Rule Amounts To A ‘Gradual, Quiet Coup’

It really IS about control—the Marxist progressives desperately NEED us to be scared out of our minds over Global Warming so that they can control EVERYTHING that we do—because in their minds, they are the smart ones. “Figueres added that the deep partisan divide in the U.S. Congress is “very detrimental” to passing any sort of legislation to fight global warming. The Chinese Communist Party, on the other hand, can push key policies and reforms all on its own. The country’s national legislature largely enforces the decisions made by the party’s Central Committee and other executive offices.” UN climate chief: Communism is best to fight global warming

More on the above story. “Anyone familiar with the disastrous environmental impact of the communist grip on eastern Europe and the former Soviet Union knows what happens when unaccountable totalitarians hold power. If nothing else, the Chernobyl disaster should give one a clue, a legacy Ukrainians will have to endure for decades more, if not centuries. Apparently, though, one does not become the United Nation’s climate chief by collecting such clues.  This week, Christiana Figueres offered a prescription for solving global warming — communism!” UN climate chief declares communism best for fighting global warming

Do we really need studies to tell us this? “The Employment Policies Institute commented on its findings, noting, “The vast majority of economic research from the last two decades confirms that a higher minimum wage reduces employment opportunities for the least-skilled jobseekers. This consensus has only been strengthened in recent years, including by a study forthcoming in Cornell University’s labor relations journal that refutes the research President Obama and Senate Democrats are relying on to make their case.” New study shows that Obama’s proposed minimum wage hike will kill jobs

Making it worse. This: “So while, yes, the poverty rates would be much higher without the largesse we have loaded onto the poor, it has been done at the expense of helping the poor to work. I was there, and welfare was not the primary strategy. In fact, AFDC was a relatively small program. It became the major support of mostly single mothers only when the welfare rights movement began in the 70s. That movement meant to break the back of the government by flooding the rolls with people who had avoided dependence. It did not bring government to its knees, but it succeeded in increasing the welfare rolls by millions as the decades went on.” And this: “We cannot sit here in the 50th year of the War on Poverty and deny it failed to do the one thing that would have made it a success — get people working. Our job as a country is to now get the poor into jobs. Let’s stop bailing out poverty.” Poverty Bailouts

Duplication on steroids. “Schatz said there are 56 programs from 20 different agencies devoted to promoting financial literacy “intended to improve the fiscal acumen of the American people.” Fifteen of those programs cost $30.7 million in fiscal year 2010.” Coburn to Congress: ‘The Problem Is Us’

Will there be anything left in private hands? “How Obama plans to use Dodd-Frank to take over the financial industry.” Obamaloans

More on the United States falling out of the top ten list of economic freedom. “The Obama administration obviously bears considerable blame for eroding our freedoms, but I am afraid the problem goes deeper than that. Far too many Americans fail to appreciate what used to be universally understood, that free enterprise is the foundation of America’s prosperity. Systematically misled by academia and the entertainment industries, millions of Americans have become cynical about freedom. As a result, they are getting poorer.” U.S. No Longer In Top Ten For Economic Freedom

If you’ve been having problems sleeping lately, don’t read this.China’s holdings of U.S. Treasuries increased $12.2 billion to a record $1.317 trillion in November, data released on the Treasury Department’s website showed. The figures, scheduled for release at 9 a.m. tomorrow in Washington, were inadvertently posted on the Treasury’s website. Japan’s holdings rose $12 billion to $1.186 trillion, the figures showed.” China’s Treasury Holdings Climb to Record in Government Data

As a result of massive government regulation and government overreach, we haven’t been living under pure capitalism for a long time. “Despite this anti-capitalist narrative, however—a narrative we hear repeated by “progressive” politicians and iterated in more barbaric, polysyllabic strains by academics everywhere — the capitalist system has made possible over the last century, and especially in the last several decades, the greatest accumulation of wealth in the history of the world.  England was the crucible of this modern prosperity in part because of the freedom of economic activity that it, unlike the states of continental Europe, enjoyed.  And that freedom, in turn, and again unlike the continent, was underwritten by the limited government England also enjoyed. “The rapid growth of wealth” in England in the early nineteenth century, Hayek observes, “is probably in the first instance an almost accidental byproduct of the limitations which the revolution of the seventeenth century placed on the powers of government.”  We’ve been working diligently in this country to remove those limitations.  How far will we have to sink before the people once again rise up and repudiate the elites who wish to fetter them in manacles forged by statist overreach?” The Evils of Capitalism

When are they going to learn that money DOES NOT grow on trees. “One trillion dollars does not appear magically out of thin air,” Martin stated. “The only way to pay for such a mess is to borrow, and borrow some more.  Congress may be deluding themselves, but the American people will hold them responsible for this fiscal irresponsibility,” she continued.” Tea Party, Conservative Groups Blast Rushed Passage of $1.1 Trillion Omnibus Deal

Cover up. “What she ultimately discovered, however, was that she and other internationally known scholars would be sworn to secrecy, then “ignored,” and finally left to serve only as little more than “window dressing” to allow what many are now calling one of the greatest deceptions over the American people.” Education Expert Dr. Sandra Stotsky: Common Core ‘Rather Shady’

Indoctrination. “The reading assignment Beason reads to the crowd is about the benefits of hybrid cars, and according to the Gardendale Republican, it’s another example of the socialist indoctrination brought on Alabama school children by Common Core. While acknowledging the utility of cars, the text says that old-fashioned automobiles with internal combustion engines are bad for the environment. Hybrids are the better option, the text says, and the government should require automobile manufacturers to make them more affordable.” Alabama Tea Party Continues Fight Against Common Core

It’s worse than we could EVERY POSSIBLY IMAGINE. “Originally, Ellis assumed the poster to be a student prank, until he called the school and discovered it was part of the curriculum. “Why would you put it in front of 13 year-old students?” he asked. The poster, entitled, “How Do People Express Their Sexual Feelings?” lists sex acts such as: Oral Sex, Sexual Fantasy, Caressing, Anal Sex, Dancing, Hugging, Touching Each Other’s Genitals, Kissing, Grinding, and Masturbation. Ellis said after being told by the school principal the poster was “teaching material,” he is now concerned about what his daughter is being taught in school.” Kansas Middle School: Poster Listing Sex Acts Part of ‘Health and Science’ Curriculum

The doctors MUST BE HURT because the Left thinks they make too much money. “Medicaid expansion isn’t painless.” How Obamacare will hurt doctors

A little late to the party, but at least he’s finally showing up. “For his part, Kimmel is to be commended for this segment, as are all the other late night hosts that have been savaging this bill. But the nation would have been far better served if they did this in 2009 and 2010 before this farce was enacted, for unless Republicans take back the Senate in 2014 and the White House in 2016, ObamaCare may be with us forever” Jimmy Kimmel Savages ObamaCare and Uninformed Young People Who Support It

Interesting… “More and more I’ve come to believe that politics is ultimately not about what people read, or learn, or come to believe after giving it careful thought. Politics is all about what people “know” without quite knowing how they came to know it. Which is just another way of saying: You can’t reason someone out of a position he wasn’t reasoned into in the first place. The real driver of opinion is not reason — it never has been and never will be — but pre-rational things like What Everyone Else is Saying.” Jimmy Kimmel Rips Obamacare and Young Voters

Obama and his team are making it worse! A voice of reason speaks the truth. “Lieberman noted that the only reason the al-Qaeda “core” in the Af-Pak region has been diminished is because of military force. “Al-Qaeda is not a social organization,” he said. “It is a brutal military organization.” In the meantime, he said, American policy is “inviting the whirlwind.” “There are large parts of the Obama administration’s strategy that are simply not working. This is going to go on for a large part of this century,” Lieberman said of the “fearless and ideologically driven killing machine” of Islamic terrorism. “In the end, if we do nothing, the result will be worse.” Obama ‘Inviting the Whirlwind’ by Neglecting Blooming al-Qaeda Strongholds, Affiliates ‘Spreading Like Wildfire’

The Left can never give it a rest. “Expect to see more of this nonsense in the coming months and years. Many on the left have worked long and hard to discredit our military efforts since 9/11, and even one movie-length dose of truth and perspective is apparently too much for some to tolerate. To them, there’s only one acceptable way to portray American soldiers — as PTSD-addled victims of America’s imperial hubris. Any other story is merely a “jingoistic” and “pornographic” example of ”war propaganda.”” On the Movie Lone Survivor and Insufferable Anti-American Self-Righteousness

Taking a trip down memory lane. ““The troops believed and believe that they were being successful in their mission, so I think they were able, to a certain extent, to set aside the politics here at home,” said the former defense secretary. “Although, and I make the point in the book, when you have somebody like the Senate majority leader come out in the middle of the surge and say, ‘This war is lost,’ I thought that was one of the most disgraceful things I’ve heard a politician say.”” Gates: Reid’s Remark That Iraq War Was ‘Lost’ Was ‘Disgraceful’Gates: Reid’s Remark That Iraq War Was ‘Lost’ Was ‘Disgraceful’

We’re in the best of hands. “For the most part, though, the conclusions are both bipartisan and damning. The committee found that a string of terrorist attacks in Benghazi against Western targets, especially one three months before the final attack on the US facility itself, should have alerted State to the danger it faced. Furthermore, the committee questioned how State could have ignored its own security standards to approve the use of the building, a decision reapplied in July when State renewed the lease – just weeks after the previous attack.” We Finally Know Where the Buck Stops in Benghazi

The mainstream media will never print this. “Brookings Institution scholars, inspired by baseball statistics, conducted an analysis of the 113th Congress that points rather directly at the Democrat-controlled Senate as a the locus of congressional gridlock. The analysis opens with the observation that the House, contrary to expectation, passed twice as many bills as the Senate in 2013. Why? Because of the Senate committee process. “When we look at this category, then, we begin to understand where the problem lies: even in the traditionally collegial Senate, 87 percent of bills die in committee,” Molly Jackman and Saul Jackman, of Brookings, and Brian Boessenecker write in Politico. “While the filibuster may grab all the headlines, committees are a far deadlier weapon.” That observation undermines the conventional wisdom about Republican opposition to President Obama causing gridlock. (even taking into account the statement from Senate Minority Leader Mitch McConnell, R-Ky., who said in 2009 that “the single most important thing we want to achieve is for President Obama to be a one-term president.”)” Brookings study points to Harry Reid and Senate Democrats as source of gridlock

More and more folks tuning him out, so his speechifying won’t work. “President Obama knows he’s in trouble with the American people. Yes, his job approval has slipped further since Christmas, down to 40%, and is worse than G.W. Bush’s at the same point. But you can tell Obama knows it anyway because he’s fallen back on his path of preferred political action. He’s giving speeches. Many speeches. Campaign speeches. Roll-up-the-sleeves speeches. Point-his-finger speeches. Call-on-others-to-do-something speeches.” Obama’s addiction to speeches: The more he gives, the less people listen

Leave a comment

Filed under Afghanistan, Benghazi, Big Government, Capitalism, China, Common Core, Communism, Debt, Dodd Frank, Global Warming, Harry Reid, Hillary, Hollywood, Iran, Jobs, Marxism, Mayor De Blasio, Minimum Wage, Movies, NRA, Obamacare, Poverty and the Welfare State, President Obama, The Left, Tyranny

News and Commentary for January 14

Considering what politicians are doing to our Military pensions, I am scratching my head too.

Considering what politicians are doing to our Military pensions, I am scratching my head too.

I shake my head in true dismay. And frustration. “Incredibly, the House GOP has just agreed that the only group deserving budget punishment in the new spending deal is the career military.  It is an obscene deal, one made worse by a patently cynical attempt to hide the blow to the military by “restoring” cuts to the pensions of wounded veterans.  A vote for this betrayal of the military will haunt every Republican who supports it.” A Terrible “Deal” In Which Only Career Military Are Called Upon To Sacrifice

Calling them out. “3. “That situation might look simple in Washington, where the human rights of terrorists are often given high priority. And I am certain liberal politicians would defend their position to the death. Because everyone knows liberals have never been wrong about anything. You can ask them. Anytime.”” (p. 37) 10 Best ‘Lone Survivor’ Takedowns of Liberal Media

Shame on them. “On every level and from every perspective — from pure national interest to the purely moral — the decision by the Obama administration and the Democratic party to withdraw American troops from Iraq and Afghanistan is indefensible.” The Immorality of Leaving Iraq and Afghanistan

Will it work? Five years ago I’d say “no way” but now I am not so sure. “President Obama has all but announced that this fall’s House and Senate campaigns should focus not on the collapse of American influence abroad, or on the continuing disaster that we know as Obamacare, or even on the apparent inability of his policies to create jobs, but on “income inequality.”” Obama’s drives to stoke class warfare to win midterm elections

“But the excerpts suggest that Gates sees Obama as out of line with the continuity he admires in his predecessors. Clinton’s cynical opposition to the Iraq surge and Obama’s half-hearted commitment to his Afghanistan strategy are in jarring contrast with his description in Shadows of Ford, Carter, Reagan, and Bush I. “For each,” he writes, “the country came first,” and “each, in his own way, was a modest man.” Let’s see if in the full text of Duty he says the same of Obama.” Obama: A New Kind of Commander-in-Chief

Hurting the most vulnerable with more government mandates. “In other words, Eric Holder, sitting in Washington, knows better than the thousands of people who run public schools across the country what kinds of sanctions are necessary to preserve some semblance of order in the classrooms, so that hoodlums do not make the education of their classmates impossible.” Politics Versus Education

Read this and weep. “Despite all the hype of tightening underwriting, CFPB’s celebrated new mortgage rules in fact require no minimum down payment or credit score — the two most important safeguards against default and foreclosure.” New Mortgage Rules Another Empty Obama Promise

Listen up! “But if Christie has gone from GOP frontrunner to possible has-been in the wake of his Bridgegate scandal, Rubio has a chance to start over in 2014. Though it’s unlikely that many anti-immigration die-hards will forgive him for speaking common sense about the issue, Rubio’s address at the Capitol last week on the 50th anniversary of Lyndon Johnson’s “War on Poverty” gave his year a promising beginning. As James Pethokoukis rightly noted at the AEI Ideas blog, his “new anti-poverty plan offers a dramatic, even radical revamp of the American welfare state” that attempts to raise the incomes of the poor without falling into the trap of big government.” Rubio’s Poverty Pitch What the GOP Needs

Equality will make us all equally poor, well with the exception of the elites in government and those connected to them. They won’t be impacted. “The irony is that free people usually create far more wealth than the coerced, which makes the lower echelons better off, a fact that reminds “equality” is usually about empowering progressive elites rather than materially helping the poor. Moreover, in a free society, there are all sorts of forces — religion, constantly improving and ever cheaper technology, family pressures, honor, shame, philanthropy — that redistribute wealth either naturally or through the consent of the giver, and far more effectively than creating a huge government equalocracy that seeks power to bully others and exempt itself.” The Idol of Equality

Consequences. “No one should be thrilled that restaurant workers have to settle for wages of $5 per hour plus tips. But a steady job at that level is better than no job at the $12 base pay ordered by the arbitrator. The casino sought to raise food prices to compensate for the increased costs, but the law of demand applies to consumers as well. In hard times, they won’t stand for the increased prices, so the casino closed a food operation that could only operate at a loss, leaving 175 union members to scramble for jobs.” How Democrats Kill Jobs

Getting government back to the way it was supposed to work is critical. “The Senate exists to prevent that. Because without a moderating institution like the Senate, today’s majority passes something and tomorrow’s majority repeals it; today’s majority proposes something, tomorrow’s majority opposes it. We see that in the House all the time. But when the Senate is allowed to work the way it was designed to, it arrives at a result that’s acceptable to people all along the political spectrum…” Senator Mitch McConnell Shows There is At Least One Adult In The Room

It’s only catching up to him because he’s obstructing a few Democrat-sponsored bills. “The Senate majority leader’s hostility toward amendments is finally catching up to him.” Harry Reid’s Obstructionism

“Second, and much worse, is that President Obama sought the power to decide when the Senate is in session. In this case, President Obama claimed that the Senate’s pro forma session was not a real session under the Constitution, and therefore he could do as he liked. This is not for the president to decide.” The President’s Recess-Appointment Overreach

When the victim is a conservative just sweep it under the rug—nothing to see here. “Here’s a January column opening we could have written early last summer when the broad scale of the Internal Revenue Service’s intimidation of conservative political groups began emerging.” Wouldn’t you know, FBI says it can’t find anything illegal in all that IRS intimidation

“The Journal reports that the Federal Bureau of Investigation is unlikely to file any criminal charges in the targeting of conservative political organizations by the Internal Revenue Service. Yet Cleta Mitchell, an attorney who represents many of the targets, says that the FBI has never contacted any of her clients to discuss their treatment at the hands of the IRS. “Shouldn’t law enforcement talk to the victims in an investigation?,” she asks in an email.” That’s like investigating a burglary without interviewing the burgled,” notes a Journal editorial. The FBI’s IRS Outrage

“Maybe the FBI is right, that it’s just all a big misunderstanding, that IRS officials were only at the White House for Easter Egg rolls. Even so, our Constitution doesn’t leave accountability to the judgment of the FBI. To the contrary, our system holds that the American people, through their elected representatives in Congress, have the right to know what their government is doing. In short, if the threat of criminal charges has in fact been removed, there’s no more excuse for Lois Lerner not to tell us, under oath, what she was apparently afraid to say in May.” The ‘crime’ of the IRS

What state rights? “Demonstrating his disdain for the 10th Amendment and the rule of law, Mr. Holder said Friday the federal government would recognize the marriages of homosexual couples who wed during the two-week period such unions were made legal in Utah by a federal judge.” Obama ignores Constitution by recognizing same-sex marriages in Utah

“The main leverage the IRS will have is the refund “offset.” That simply means if a taxpayer is due a refund, but has also incurred an Obamacare penalty, the penalty will be subtracted from the refund. So a taxpayer who has a $500 refund coming but incurs a $695 Obamacare penalty will receive no refund.” Will IRS bully people to sign up for Obamacare?

“What I don’t understand is this: healthy young people are desired in the exchanges because they pay too much for their insurance, thereby subsidizing older, sicker participants. But the figures released today show that so far, a whopping 79% of all signups are eligible for subsidies. The small minority who do not receive subsidies (21%) are obviously not enough to pay the freight for the 79% who get government money, so it is hard to see how Obamacare can ever add up as a sustainable program. Unless the administration assumes that it will be an endless drain on the federal budget.” Obamacare Numbers Aren’t Adding Up

“Indeed, it looks like ObamaCare will create twice as many losers as winners in 2014. The Congressional Budget Office projects that 16 million will gain coverage via the law’s Medicaid expansion (9 million) and subsidized exchange plans (7 million) — and even that’s rosier than the enrollment figures we’ve seen so far. Thirty million losing insurance; 16 million gaining it. It’ll be hard for Democrats running for election this fall to defend a law that hurts twice as many people as it helps.” Another 25 million ObamaCare victims

“So far, the government is on a losing streak. In 19 of 20 cases, including the Little Sisters’, judges have granted preliminary relief to the non-profits, allowing them to press their claims. The administration should take the hint.” Obamacare overreach tramples Little Sisters: Our view

““When you get into the details of the plans, it’s not all written in Spanish. It’s written in Spanglish, so we end up having to translate it for them,” Adrian Madriz, a Miami-based Obamacare “navigator” frustratedly told the AP. I feel your pain, Adrian. Opponents of the law have been trying to translate the official line for years now — and all we have got to show for our efforts is this lousy, shoddy, embarrassing — and now polyglot — disaster.” The Obama Administration Presents Spanglish.Gov

Leave a comment

Filed under 2014 Elections, Afghanistan, Big Government, Class Warfare, Dodd Frank, Iraq, IRS, Jobs, Media Malfeasance, Minimum Wage, Obamacare, Poverty and the Welfare State, President Obama, Secretary of Defense Robert Gates, War on the Military