Archive for the ‘corporations’ Category

Government or Business?

July 30, 2012

A review of history shows that smaller government and lower tax rates consistently prove more fiscally sound and achieve greater success at stimulating economies than do the big government, big spending policies of the current administration and fellow “progressive” Democrats.

The White House’s agenda is disastrous for economic growth and stability. Much of what the Oval Office occupier calls “tax cuts” are rewards for participating in an unproven, inefficient, unreliable “green energy” fairy tale.  To a large degree “green energy” has proven to be nothing more than a thinly veiled means of redistributing wealth from taxpayers to the administration’s “progressive” political cronies.

Despite misinformation coming from the White House, faithfully parroted by their willfully complicit co-conspirators within the “progressive” Party Pravda, a one-time annual tax credit of $5,000 to hire an employee that will cost a business far more in salary and benefits is not a tax cut.

When “properly” spun by the misleader in chief, reductions in the payroll tax for working people sound good, but in reality are further defunding the nearly bankrupt Social Security Ponzi scheme.

The government loaned hundreds of billions of dollars to banks. In exchange for those billions the government received preferred shares of stock in those banks. Holders of preferred stock are first in line for any dividends paid to shareholders. Since the banks must pay the government back, holders of common stock will be receiving no dividends. Everyday investors will not buy stock in those banks; instead they will sell their shares in order to use that capital on investments that pay a dividend. This is de facto nationalization of the banking system.

Stress testing banks requires them to maintain balance sheets that are deemed “acceptable” by unelected, unaccountable government regulatory bureaucrats.  In order to maintain those balances, banks are reluctant to lend money to small businesses, many of which are dependent on small loans from local banks to compensate for periodic income shortfalls experienced during normal business cycles.

If re-elected, the current White House occupant will continue to use class warfare as an excuse to reduce and eliminate taxes on political groups inclined to elect proponents of nanny state big government programs.  As envisioned by “progressives”, eventually a majority of Americans will no longer pay any taxes. Meanwhile, the administration will increase the tax burden on successful businesses and individuals; the rich who do not pay “their fair share”.  The majority of people will not care how high tax rates rise.  Since they will no longer be paying taxes, higher tax rates will not affect them.  As businesses fail under the added tax burdens, more people will be laid off and require government assistance.  This will create a huge underclass of Americans dependent upon government for survival who will exist under government control.  This is not coincidental.

Corporations don’t pay taxes. They pass the cost of those taxes on to consumers. The elimination of corporate taxes will lower the cost of goods to consumers and incentivize investments by individuals and investment groups. It will also eliminate the need for corporations to finance Congressional lobbying in pursuit of more favorable tax structures or the creation of additional tax loopholes.

A cut in business tax rates will leave more money in the hands of businesses that succeed, and help those businesses grow through the reinvestment of profit. A growing business has a need to hire new employees. Growing companies that are hiring workers instead of letting people go make employees more secure in their own economic future and thus more likely to engage in consumer spending.

A cut in personal income tax rates will help stimulate consumer spending, thus improving the demand side of the economic equation without cumbersome, inefficient, wasteful government spending that requires borrowing with interest or printing money, which fuels inflation.

It is abundantly clear which direction should be taken by the United States.  Will America recover by electing a successful businessman?  Or will the U.S. continue lurching “forward” in fits and starts until it collapses under the “stewardship” of an unqualified community organizer with a sketchy, predominantly hidden past who’s only business experience prior to seizing power was one real estate deal between himself and a convicted felon?

What the obama Adminstration Has Taught America

May 18, 2012

Facebook Inc.’s $16 billion initial public offering has made Mark Zuckerberg the 29th richest carbon based life form on Earth. Facebook provides entertainment and a fun way to spend your leisure time. America should love Zuckerberg. Whatever happens, do not ever criticize him for not paying his fair share of taxes…he’s cool in the administration’s eyes and they’re down with whatever he does. Heck, he might even turn out to be as cool as George Clooney.

According to the Securities and Exchange Commission (SEC), the top three U.S. oil companies alone paid $42.8 billion in income taxes in 2010. Ignore that fact and describe them as evil billionaires who don’t pay their fair share. After all, the petroleum, coal and natural gas industries all provide cheap energy to America, which stands in the way of implementing the administration’s agenda to fuel America with recycled unicorn poop.

It’s OK for the New Black Panthers to stand in front of polling places, wearing uniforms, wielding clubs and intimidating white voters with taunts of “now you’ll find out what it’s like to be ruled by a black man”. It’s also OK for Eric Holder, who publicly said: “I am not the tall U.S. Attorney. I am the black U.S. Attorney” to drop all charges against them.

It’s not OK for a “white hispanic” to defend himself from attack by someone who’s black

Tea Party demonstrators, who obeyed the laws, obtained permits, and cleaned up after themselves when they peaceable assembled to petition their government for redress of grievances are violent, racist extremists who should be monitored by the Department of Homeland Security as potential homegrown terrorists.

Occupy Wall Street, who squatted on public and private land for weeks at a time without permit, cost cities across the nation millions in clean-up and other costs, engaged in rape, drug use, public sexual acts, attacked police, destroyed property and generally disrupted the normal flow of life are great patriots. They deserve the public support of Barrack Obama, Joe Biden, Nancy Pelosi, the DCCC, Elizabeth Warren, Barney Franks, Debbie Wasserman Shultz, Charlie Rangle, Dennis Kucinich, et al. As Nancy Pelosi said: “God bless them, for their spontaneity. It’s independent … it’s young, it’s spontaneous, and it’s focused. And it’s going to be effective.”

When kids are failing in school after being subjected to exposure to incompetent teachers who couldn’t teach a dog to bark yet can’t be fired because they’re protected by unions, lower testing standards. The possibility of hurting a student’s feelings by giving them a failing grade couldn’t possibly pass politically correct, everyone has to feel good about themselves at all times muster.

If you’re a kid who wants to hold a bake sale, open a lemonade stand or engage in similar activities which demonstrate initiative, ambition or a desire to utilize the free market in order to better yourself, you must be trained to first beg permission from the government. And boys and girls of all ages, don’t ever forget broccoli is good for you and snack cakes, candy bars and chips are bad. Since you’re too stupid to make the proper decision, government is going to enact legislation that deprives you of the right to choose.

Whenever “progressive” politicians are caught in an outright lie about where they were born, their bloodlines or military service rendered it’s due to a clerical error. If criticism persists, blame someone else for each and every one of your failures. When all else fails, play the race card.

Expect the Institutionalized “progressive” Left to Come Out in Force

May 16, 2012

Comedian Bill Maher gave $1 million to one of President Obama’s SuperPACs. Actor Alec Baldwin’s on record saying that Obama’s re-election ‘In the Bag’. Lanny Davis, who writes for The Hill, is busy covering up for U.S. Attorney General Eric Holder during Congressional investigations into the murder of U.S. Border Agent Brian Terry and hundreds of Mexican citizens resulting from the Alcohol Tobacco and Firearms Fast and Furious gun-running scandal. MSNBC stopped inviting Conservative author Matt Lewis tocontribute on-air after the site he works for, the Daily Caller, reported about the influence George Soros funded Media Matters for America wields over that Network. “Coincidentally”, Conservative pundit Pat Buchannan was also dropped by MSNBC around that same time.

As is always the case with any non-white or non-male Republican star, the institutionalized “progressive” left media is focused on Florida Senator Marco Rubio who, being a Hispanic from a crucial swing state, poses an existential threat to the re-election of Barack Obama. Not surprisingly, openly leftist actress Eva Longoria joined in the attack by saying “Marco Rubio has been coming up with some silly stuff that we really have to sort through”.

Meanwhile, the American mainstream media remains silent after a Barack Obama speech where he joked: “I went to the speaker’s home town,” referring to a trip to House Speaker John Boehner’s battleground state of Ohio, “stood under a bridge that was crumbling.” Somebody in the crowd shouted, “Let him drive on it!”

Cue the sound of crickets.

This is the same press that had a field day back in 2008 when, on one or two occasions, a few folks attending McCain/Palin rallies shouted ugly comments from the crowd. These incidents were reported as major, top of the broadcast, front-page news. Repeatedly, with frequency and vigor.

During nationwide May Day demonstrations by OWS, occupiers themselves willing admitted that their protesters were taking marching orders from big labor and public service unions like the AFL-CIO and SEIU.

One of the leaders of the Occupy Cleveland movement, Brandon Baxter, was arrested for a terrorist plot to bomb a bridge in Cleveland Ohio. The plot has been directly linked to the Occupy movement. The names and the official complaint have been confirmed.

There were multiple incidences of violence around the country, withoccupiers shouting the likes of “Pigs Go Home” and “Down with Capitalism”. With tear gas in Oakland, violence and vandalism in Seattle, SEIU members disrupting Los Angeles International Airport, with Occupiers calling themselves anarchists and hurling Molotov Cocktails; despite all evidence to the contrary, American taxpayer funded NPR is still calling the violent Occupy protests “restrained”.

By comparison, when the Tea Party was the topic de jour, Democrats and their “progressive” Party Pravda lapdogs were quick to blame the Tea Party for each and every violent incident around the country. More than one fringe leftist whack-job, impersonating responsible journalists on American television’s most irresponsible cable network, held Sarah Palin personally responsible for the Gabby Giffords shooting in Tucson Arizona. Their supposed rationale was her use of the word target when discussing campaign strategy. Never mindthat in similar applications, the word “target” had been used frequently by members of the Democratic Party. Members of the institutionalized”progressive” left smear machine somehow forgot to inform the public that “target” was first used as political jargon by 1980 Democratic presidential candidate Walter Mondale’s political strategist Bob Beckel.

A review of the visitor’s log confirms that AFL-CIO President Richard Trumka and former SEIU President Andy Stern have been frequent visitors to the White House. SEIU alone spent approximately $60.7 million to help elect Barack Obama to the White House in 2008. SEIU expects a return on their investment. Barack Obama was quick to embrace the Occupy movement when he saw his poll numbers sliding.

Before this November’s elections American voters should duly note such connections.

In case you haven’t noticed, or have yet to become fully convinced, bias within the institutionalized “progressive” left media is both very real and pervasive. With the presidential general election campaign about to get into full swing, expect it to get much, much worse. Truth coming from the institutionalized “progressive” left’s smear machine is as likely as them reporting that Elizabeth Warren can’t prove she has Cherokee blood in her veins.

Who’s Offering Economic Solutions?

February 25, 2012

Given America’s growing national debt, now in excess of $15 trillion:

http://www.usdebtclock.org/

A per capita government debt that’s worse than Greece’s:

http://www.weeklystandard.com/blogs/chart-america-s-capita-government-debt-worse-greece_631797.html

Unemployment numbers “officially” listed at 8.5%:

http://www.bls.gov/bls/newsrels.htm#OEUS

Petroleum prices trending higher, adding pain at the pump for consumers while decreasing money available to them for spending on vital necessities like food and shelter:

http://www.livecharts.co.uk/trend_signals/trend_forecast_chart_selector.php?ts=Futures_WI

A statement like: “America’s in need of economic solutions” is certainly far from a stretch. Many would say such a statement falls more into the “You have a firm grasp of the obvious” category.

The questions are:

Who will offer the solutions? What solutions will be offered? When is someone going to offer these solutions? Why are the solutions being offered the best solutions available? Where will the money come from to put these solutions into motion?

According to an Associated Press-GfK poll conducted February 16 to 20, 56% of Americans preferred cuts in government spending, compared to 31% who considered higher taxes as the best medicine.

http://apnews.myway.com/article/20120224/D9T3L7SG3.html

With Social Security burdened by a growing $15.5 trillion in unfunded liabilities, with Medicare’s unfunded liabilities surpassing $81.6 trillion, plus an additional $20.5 trillion for Medicare Part D, there simply isn’t enough discretionary spending available to make the cuts necessary to get America out of debt. However, despite over $15 trillion in debt and unfunded liabilities exceeding $117.7 trillion, with America’s economy in the midst of a deep, long recession struggling to display a flicker of hope for a less than vibrant, jobless recovery, most economists agree that now is not the time to raise taxes.

The first order of business is to get the American economy growing.

Higher tax rates results in reduced profits to investors, thereby inhibiting capital investment. Reduced capital investment leads to economic contraction, resulting in fewer jobs and reduced tax revenue, which in turn tempts government to raise tax rates again. In the face of lost private sector growth, Statists persist with the illusion that government spending stimulates economic growth. It didn’t work for FDR to end the Great Depression, and it resulted in a “Misery Index” during Jimmy Carter’s term in office. Government spending on “jobs creation” is inefficient. Not only is money wasted on unproductive pet projects, a portion of the revenue is lost before it ever hits the streets thanks to the cost of government overhead. The end result is less long term private sector growth and larger deficits, which in turn tempt the government to increase tax rates yet again. A downward spiral is set into motion.

Historically, the most efficient way to stimulate America’s economy has been to allow individuals and businesses to keep their own money by cutting taxes. When tax rates are reduced, the economy experiences sustained periods of growth. It worked when Calvin Coolidge reduced taxes in the 1920s. It worked when John Kennedy cut tax rates in the 1960s. It worked again when Ronald Reagan followed suit in the 1980s. Not only does cutting taxes create jobs, the increased revenues lower the government’s deficit. Despite businesses and individuals paying smaller percentages, thanks to economic growth, the IRS collects more revenue from a larger pool of taxpayers. Businesses enjoy profits which allow investments in expansion, which creates greater output, sales and profit, which in turn stimulate the need to hire new employees, who have more revenue to buy products created and produced within the private sector. An upward spiral is created.

Once the private sector economy is growing and providing new jobs, the next step is to cut government overhead.

First, government employee unions should be ended. Government employees could choose between keeping their jobs at private sector salaries or seeking employment elsewhere. Since unionized government employees make an average annual salary that’s $32,000 more than private sector employees doing the same jobs, the across the board savings would be considerable.

Second, with the exception of proven friends and allies, America should cut all foreign aid. Why does the United States borrow money from Communist China and allow the Federal Reserve to inflate its currency in order to give foreign aid to countries hostile to America?

Third, the United States should withdraw from the UN, stop paying dues to the organization, and expel them from America’s shores permanently. The UN was founded after World War II to prevent a third world war involving nuclear weapons. Since North Korea has and Iran is on the brink of deploying such weapons despite the existence of the UN, why does America allow dictators to come to the United States, grant them diplomatic immunity, then sit idly by while they insult Americans and the American way of life…on America’s dime? The UN is involved in programs and regulations that go so far beyond its original mandate that continuing to fund and be a member of this organization is no longer in the best interests of the United States.

Fourth, cut all government subsidies. With the exception of being the referee as required, government should not be involved in the free market system. Government subsidies interfere with the free market principles of supply and demand, and are being kept alive by corruption breeding special interest groups.

Fifth, defund and dismantle government departments that have proven to be costly and ineffective. The quality of America’s education has declined steadily the Department of Education was established. Additionally, centrally planned curriculum has allowed “progressive” infiltrators to use the Department as a means to indoctrinate generations of American youth to their Marxist agenda.  The Department of Energy was founded during the Jimmy Carter Administration with the expressed goal of making America less dependant on foreign energy. The results have been the exact opposite of the stated goal. America is more dependent on foreign energy than ever before. Why is this failure still being funded?

There are other big government programs that feast on the national treasury that can also be eliminated. Among these are the Department of Agriculture and the Department of Homeland Security. At a time of pending fiscal crisis, surely it’s to America’s advantage to free itself of the weight and expense of these bloated bureaucracies.

This is the pathway to reducing America’s annual budget deficits. But what of those looming unfunded liabilities? The inevitable conclusion is that that major reforms are needed in the way Social Security and Medicare function.

When Social Security was established, the age of eligibility was 65. At that time, the average life span of an American male was 58, while women lived to an average age of 62. Combine that life expectancy and eligibility age, factor in people making Social Security payments for the duration of their working careers and the original system was financially solvent.

Today, the average lifespan of men is now 73, while women live to be an average age of 79. Combine this longer duration of payout with the increase in eligible recipients that is resulting from the maturation of the baby boomer generation and there is clearly going to burden the existing system. The age of eligibility should be adjusted to conform to our increased life expectancy. This same revised actuarial formula should be applied to Medicare.

Additionally, no payments should be made to those who have not paid into the system. This would apply to all foreign nationals. If a foreign national is working legally within America, they won’t be responsible for paying in, because they won’t be eligible to collect. If they’re here illegally, they shouldn’t be on anyone’s payroll to begin with.

This is by no means a complete list. More needs to be done, but this is a place to start the conversation. The debt America has and continues to accumulate is an existential threat to the United States. To mortgage the well being of future generations in order to postpone the inevitable is not only irresponsible and dishonorable, it would be the first time a generation of Americans chose to leave the country a worse place for their children than was the one they inherited. All to spare themselves the pains of growing up.

Green Failures

January 30, 2012

Here are a few of the latest companies to join the growing list of “green” “sustainable energy” failures that have been supported by the current Administration’s deficit “stimulus” spending. All this financing has been done using your tax dollars…well, actually tax dollars to be paid in the future by your grandchildren and great grandchildren to China. Plus interest:

Evergreen Energy-Which has filed for Chapter 7 bankruptcy, saying it’s “impossible to maintain operations” due to funding shortfalls. This announcement comes after the company received $5.3 million in “stimulus” funds.

Amonix Inc.-A manufacturer of solar panels that received $5.9 million from the “stimulus”, will lay off about 200 employees only seven months after opening a factory in Senate Majority Leader Harry Reid’s home State of Nevada.

Beacon Power Corp-Sought bankruptcy protection last year after they received a $43 million loan guarantee from the Department of Energy.

Ener1 Electric-A car battery manufacturer, filed for bankruptcy last Thursday, three years after receiving a $118.5 million grant from the U.S. government.

These are all in addition to Solyndra-A solar panel maker that received a $535 million loan guarantee, then famously filed for Chapter 11 protection weeks ago.

This should be quite the political embarrassment for the current White House occupant, who has championed these loans as a way to create “green energy” jobs. When you total up the costs to taxpayers for just these five companies, it comes to $707.7 million. Although it’s a recognizable reality that we now live in an insane world where politicians throw the phrase “trillions of dollars” around like nobody’s business, even a cocaine addict would take a very long time to blow $1 million, much less $707.7 million. And that’s just the tip of the iceberg.

These are some of the myriad of problems found with centrally planned big government intruding into the free market. Not only is the spending inherently wasteful, the fact that these companies were in large part operated by big donors to Democratic political campaign points to the corruption involved when ideologically captive, politically driven politicians make investment decisions based on cronyism. Can you say quid quo pro?

All government energy subsidies should end, leaving energy companies free to compete without government interference. If and when “green” “sustainable energy” becomes the best competitive solution, consumers will reward “green” companies that used private capital to successfully situate themselves in the market by purchasing their products. That’s how it works. That’s what makes America the greatest economic success in human history.

State of The Union or Wishful Thinking?

January 25, 2012

The 2012 State of the Union address has come and gone with little change in the White House’s view of the world. This is unfortunate. America needs viable solutions, not more wishful thinking.

Most disturbing is the continued, steadfast insistence that doubling America’s corporate tax rate will somehow create middle class jobs. After repeated failures by the current Administration to productively invest taxpayer’s money in green energy companies like Solyndra, what track record exists to support the assumption that government can invest the people’s money more wisely than those who earned it? Why should Americans trust a White House that said no to the Keystone pipeline, a privately funded project that would create thousands of jobs while reducing American dependence on oil from the Middle East? Especially when the White House is still pushing a multi-billion dollar high speed rail project in California that will never have the projected number of passengers and will become just another taxpayer subsidized failure like Amtrak?

Why insist on ending taxpayer subsides for the oil industry while choosing to “double-down” on clean energy? Why should government subsidize any of the energy industry? Let the energy companies go about their business and may the best, cheapest, most efficient energy be provided to the public.

If the White House truly wants to have “an economy built on American manufacturing”, they should cut taxes on manufacturing so investors have incentive, and reduce regulations that are inflating the cost and reducing the efficiency of starting and growing a manufacturing business. Without the return of manufacturing, any economic recovery in America will be sluggish at best. Why continue to practice policies that discourage growth in this vital economic sector?

Yes, Congress appropriating funds for construction projects is a normal part of doing business. But don’t try to convince us that you’ve suddenly become an expert on recognizing “shovel ready projects”. Everyone who’s been paying attention remembers what a dismal failure your last attempt was with the “stimulus” bill.

Iran’s closer than ever to getting the bomb and you’re still trying for dialogue, while civil unrest runs rampant in Iraq thanks to your failure to secure a Status of Forces agreement before withdrawal. The Arab Spring is becoming a Muslim Brotherhood bonanza, and the Taliban is licking their chops in anticipation of our withdrawal from Afghanistan. Talking with the Taliban is simply allowing them to gain credibility while they stall and await our departure.

Enough with the divisive class warfare rhetoric. Americans aspire to be rich, not get a handout. Besides, the top 10% pays 70% of the taxes in this country. 47% of Americans pay zero income tax. Exactly how do you define “fair share”?

And while we’re at it, the healthcare law you, Pelosi and Reid jammed down America’s throat without our consent is a mass medical tragedy in the making that increases the already monstrous debt we’ll owe for the unfunded Social Security, Medicare and Medicaid mandates.

You’ve had your chance. Your policies have failed. Why don’t you see if Bill Ayers is available to write your memoirs?

Return To Free Market Principles

November 23, 2011

If we’re to form conclusions based on the behavior of our elected officials, the United States government being over $15 trillion in debt is a minor concern.

It looks like figuring out how to cut spending is simply too adult a puzzle for “progressives” in the Senate and the White House. What else can the average American conclude from the recent actions of these overpaid, irresponsible feeders from the public trough? How on God’s green earth can hard working people, many struggling just to make ends meet, expect these elected officials to sacrifice their ruling class prestige, salaries, perks, expense accounts, per deim and oversized, overpaid staff? Clearly, this expectation is presumptuous, outrageous and out of hand.

For America to rebound from the existing economic quagmire, not only must the size, scope and cost of government be dramatically reduced, America needs to reestablish its manufacturing base.  The manufacturing base that allowed America to fight on two fronts in WWII and win.  The last time anyone checked, government manufactures nothing.  Additionally, recent actions strongly reinforces the perception that government is ill suited to engage in capital investment.  The impulse to engage in cronyism is simply far too strong.

America needs elected representatives who will support legislation that repeals unnecessary government meddling in competitive, private markets.  America’s economic strength has always resulted from private market capitalism where free, private Citizens pick winners and losers by how and where they spend their own money.

To those who choose to ignore the call for a return to free market principles, it will be a clear indication that keeping their seat at the banquet table of corruption is more important to them than is their oath of office.

America will be much, much better off after they are gone…for good.

America, Take The Car Keys From obama

October 26, 2011

The current White House occupant just loves to use the old “Republicans drove the economy into a ditch” analogy.  Clever, memorable, and completely false.  The truth is, thanks to the effects of current as well as the cumulative effects of “progressive” economic and social engineering policies, America’s economy is on a steep downgrade, tearing along at full speed without any brakes.  At the end is a total smash-up.

While it’s tempting to launch into an extended point by point dissertation dispelling the steady stream of sewage spewing forth from the oral orifice of the pathological liar in thief, you probably don’t have 24 hours or more to devote to that endeavor.  For a quick, comprehensive review of the “progressive” policies which led to the economic crisis of 2008, try here:

  http://www.freedomworks.org/crisis

For emperor less than zero to constantly blame his political opposition for the state of America’s economy is, to put it politely, disingenuous.  For him to continue erecting straw man arguments against them shows that the facts are not on his side.  Does anyone with but one funtioning brain cell really buy it when he flatly states that his opposition wants dirty air, dirty water, and a wreckless laisse faire economy where heartless corporate villians and ruthless billionaires chew up the proletariat and spit them out?  What does he think this is, Upton Sinclair’s “The Jungle”?

Does he have such high disregard for the perceptive intelligence of America’s electorate that he expects them to believe people don’t care about the living conditions bequeathed by them upon their own children?  This is more than throwing political red meat to a cheering crowd of recent Marxist converts….I mean college students.  This is, with malice of forethought, intentional misrepresentation of the views of his opponents in order to avoid discussing how and why his policies are abjectly failing.

What are the risks to America when one political Party has been co-opted by Marxist extremists who not only lie through their teeth at every available opportunity, but completely disregards one of the basic constructs of our Republic; protection of the minority’s voice?

It goes beyond important.  It exceeds crucial.  It’s more urgent than critical, key or pivotal.  Even vital falls short of describing the need to remove the “progressive” cancer devouring America’s body politic and destroying her economy, security and moral fabric.  The 2012 election is going to decide America’s direction for decades to come.  Are you going to stand up for America, or throw her under the bus?

America, take the car keys from obama.


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