Archive for the ‘Economics’ Category

Just passing this info on from a friend:

“GE moving from Wisconsin. Keep your eye on Waukesha, Wisconsin… Their biggest employer just moved out. General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wisconsin, to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers.

“This is the same GE that made $5.1 billion in the United States last year, but paid no taxes – the same company that employs more people overseas than it does in the United States. So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs.

“Thanks, Jeff, you’re a real American… Give Barack our best! If this doesn’t show you the total lack of leadership of this President, I don’t know what does. Please pass this information to others & think about it before you buy another GE product…”

For Snopes verification of this information, go to:


In October 2008, I wrote: Communism is Coming – and Obama is Delivering It. I still think this is true today in 2012, maybe even more so.

Obama has plans to redistribute more wealth, this time, he plans to rape the suburbs of tax money and shift it back into the cities, thereby abolishing the suburbs as we know them today. Read more about Obama’s hostility towards the suburbs here.

With a persistent 8+% unemployment rate, Obama has already added millions to the welfare rolls, gutting all the reforms that President Clinton so proudly put into effect in 1996 together with the help of Speaker Newt Gingrich and the GOP house majority. Clearly, this president is taking us backwards. He wants more people on welfare. He calls that progress.

I am so ashamed of this president and the arrogance with which he is demanding dependence on government, that it’s the right thing to do. Really? He thinks that getting more people relying on government handouts is progress. That’s the most convoluted thinking I’ve ever come across.

November can’t come soon enough for me. This hateful man is running our country, ruining millions of lives, and destroying the very institutions that made it prosperous and great. He’s got to be stopped on November 6th.

We’ve seen what socialist (big government) policies have done to Europe – countries are going broke, wasteful spending on entitlement programs to ever-growing number of recipients (unions, universal healthcare, lavish pension plans and early retirement programs) are crippling economic growth leaving taxpayers with less discretionary money to spend and save for their own family’s needs and wants.  People are getting poorer, while business owners are creating fewer jobs due to lower demand for their products and services.

Call them Democrats, Socialists, Statists or Leftists.  Their ruling agenda is the same – take as much money away from private individuals who work, and from corporations, in order to give this money to people who don’t work – just to buy a few more votes so the statists and their bureaucrats can remain in power.

And the Left disguises this theft as social justice, fair share, compassion and caring.  In reality, it’s nothing but THEFT veiled in lies.

The state of Illinois, my former home state, is going broke.  State agencies are scrambling for funding that is vanishing.  Full story here.  The City of Stockton, CA has already filed for bankruptcy, with others not far behind.  And politicians don’t get it.  Their only remedy is to raise taxes, because they fear that if they make any cuts to any programs, they will be thrown out of office.

We have trained our politicians that the only way to get our votes is to give us something.  I’ll tell you my philosophy — any politician that tries to sell me some new program, or some new government giveaway is on my DO NOT VOTE FOR list.  I’m sick and tired of politicians claiming to want to help the poor and disenfranchised, while all their big government lamebrain schemes are making all of us poorer for it.

This is why I love the Tea Party Movement so much.  These are ordinary taxpayers (Democrats, Republicans, Libertarians, conservatives etc.) who are so fed up with government waste and spending, that these concerned taxpayers are attending townhalls, council meetings, writing on blogs, Facebook and Twitter, writing their representatives, getting letters to the editor published, i.e. getting their voices heard.  I am among this group and love knowing there are millions of voters just like me, fed up with Big Government and their Socialist, anti-Capitalist, agenda.

So now I look for candidates that seek to shrink Government, abolish programs, agencies, taxes and regulations.  I don’t need some pencil-pushing bureaucrat telling me how to live my life nor have to hear how these “annointed” ones plan to spend my money.

So if politicians and their bureaucratic henchmen don’t get the message, concerned voters and groups, like myself, will do all we can to inform and persuade other voters to throw these big-spending, lying politicians out of office, like we did in 2010.

November is upon us and it’s time we made BIG CHANGES to who and how America is governed.  We need to abolish ObamaCareTax along with all the crippling regulations and taxes that Obama dragged in behind him.  We need to throw Obama out of office, his czars, his pseudo intellectual anti-business academic advisors and tell them to go start a real business before telling Americans how we should run ours.

This November, it’s time for HOPE and CHANGE, real change!

According to Bloomberg, Jobless claims decreased by 6,000 to 386,000 in the week ended June 23.  So let’s look at the reality of this folks.  If new jobless claims are averaging over 300,000 each week, that’s a loss of over 1.2 million jobs per month.  In one year, that translates to 12 million jobs lost under Obama, just in the past 12 months.  So let’s assume Obama’s claim of creating 4 million jobs is accurate.  That means that America lost 8 millions jobs just in the past year under Obama’s economic policies.  It’s simple math:  12 mil jobs lost – 4 mil jobs Obama thinks he created = 4 mil jobs that have disappeared during Obama’s tenure.

Any way you look at it, it means that Obama’s economic policies are a complete and total failure!  And how any thinking American could vote to re-elect this type of politician, this charlatan, this empty suit, is beyond pale.  It means they are voting because of his race and ideology alone, and not on his record, which is a record of failures.

SCOTUS confirmed today that Congress does indeed have the power to tax.  But it does not have the power to force individuals to engage in commerce.

So, expect today’s ruling to be a blessing for conservatives in that Obama must now sell the already unpopular healthcare law as a TAX!  Most Americans feel they’re already taxed to death.  And even after Obama vehemently replied during the George Stephanapolous interview that Obamacare was not a TAX, the Supreme Court ruled that it, in fact, is a tax.

And we know how popular raising taxes is going to be in this recession.  Stock market is already reacting – plunging downward.  Plan to see more layoffs and downsizing and closing up of small businesses as their taxes go up.

This decision will only re-energize the Tea Party Movement (made up of libertarians, conservatives, independents, and some democrats) who despise Big Govt and its power to tax us to death.

The Brilliant Ruling by Judge William Young, US District Court. Shame on the Mainstream media for not publicizing it to the hilt. I’m doing it here and now. Please feel free to repeat, retweet and link to it from everywhere. Judge Young’s message MUST be heard:

Prior to sentencing, the Judge asked the defendant if he had anything to say His response: After admitting his guilt to the court for the record, Reid also admitted his ‘allegiance to Osama bin Laden, to Islam, and to the religion of Allah,’ defiantly stating, ‘I think I will not apologize for my actions,’ and told the court ‘I am at war with your country.’

Judge Young then delivered the statement quoted below

Judge Young: ‘Mr. Richard C. Reid, hearken now to the sentence the Court imposes upon you.

On counts 1, 5 and 6 the Court sentences you to life in prison in the custody of the United States Attorney General. On counts 2, 3, 4and 7, the Court sentences you to 20 years in prison on each count, the sentence on each count to run consecutively. (That’s 80 years.)

On count 8 the Court sentences you to the mandatory 30 years again, to be served consecutively to the 80 years just imposed. The Court imposes upon you for each of the eight counts a fine of $250,000 that’s an aggregate fine of $2 million. The Court accepts the government’s recommendation with respect to restitution and orders restitution in the amount of $298.17 to Andre Bousquet and $5,784 to American Airlines.

The Court imposes upon you an $800 special assessment. The Court imposes upon you five years supervised release simply because the law requires it. But the life sentences are real life sentences so I need go no further.

This is the sentence that is provided for by our statutes. It is a fair and just sentence. It is a righteous sentence.

Now, let me explain this to you. We are not afraid of you or any of your terrorist co-conspirators, Mr. Reid. We are Americans. We have been through the fire before. There is too much war talk here and I say that to everyone with the utmost respect. Here in this court, we deal with individuals as individuals and care for individuals as individuals. As human beings, we reach out for justice.

You are not an enemy combatant. You are a terrorist. You are not a soldier in any war. You are a terrorist. To give you that reference, to call you a soldier, gives you far too much stature. Whether the officers of government do it or your attorney does it, or if you think you are a soldier, you are not—– you are a terrorist. And we do not negotiate with terrorists. We do not meet with terrorists. We do not sign documents with terrorists. We hunt them down one by one and bring them to justice.

So war talk is way out of line in this court You are a big fellow. But you are not that big. You’re no warrior. I’ve known warriors. You are a terrorist. A species of criminal that is guilty of multiple attempted murders. In a very real sense, State Trooper Santiago had it right when you first were taken off that plane and into custody and you wondered where the press and the TV crews were, and he said: ‘You’re no big deal.’

You are no big deal.

What your able counsel and what the equally able United States attorneys have grappled with and what I have as honestly as I know how tried to grapple with, is why you did something so horrific. What was it that led you here to this courtroom today?

I have listened respectfully to what you have to say. And I ask you to search your heart and ask yourself what sort of unfathomable hate led you to do what you are guilty and admit you are guilty of doing? And, I have an answer for you. It may not satisfy you, but as I search this entire record, it comes as close to understanding as I know.

It seems to me you hate the one thing that to us is most precious. You hate our freedom. Our individual freedom. Our individual freedom to live as we choose, to come and go as we choose, to believe or not believe as we individually choose. Here, in this society, the very wind carries freedom. It carries it everywhere from sea to shining sea. It is because we prize individual freedom so much that you are here in this beautiful courtroom, so that everyone can see, truly see, that justice is administered fairly, individually, and discretely. It is for freedom’s sake that your lawyers are striving so vigorously on your behalf, have filed appeals, will go on in their representation of you before other judges.

We Americans are all about freedom. Because we all know that the way we treat you, Mr. Reid, is the measure of our own liberties. Make no mistake though. It is yet true that we will bear any burden; pay any price, to preserve our freedoms. Look around this courtroom. Mark it well. The world is not going to long remember what you or I say here. The day after tomorrow, it will be forgotten, but this, however, will long endure.

Here in this courtroom and courtrooms all across America , the American people will gather to see that justice, individual justice, justice, not war, individual justice is in fact being done. The very President of the United States through his officers will have to come into courtrooms and lay out evidence on which specific matters can be judged and juries of citizens will gather to sit and judge that evidence democratically, to mold and shape and refine our sense of justice.

See that flag, Mr. Reid? That’s the flag of the United States of America . That flag will fly there long after this is all forgotten. That flag stands for freedom. And it always will.

Mr. Custody Officer. Stand him down.

So, how much of this Judge’s comments did we hear on our TV sets? We need more judges like Judge Young. Pass this around. Everyone should and needs to hear what this fine judge had to say. Powerful words that strike home.