Friday, December 03, 2010

House Dems Vote To Kill Business in Political Stunt Expected to Prompt December 15th Market Crash – The New “Red Menace”


Food lines in Utopia read article Communist Food Lines

From The Hill: Yesterday the House of Representatives voted 234-188 on extending the Bush Tax cuts to those who earn under $250,000, leaving business on the hook for paying higher taxes in 2011. The vote, with Speaker Nancy Pelosi (soon to be Minority Leader), closed the voting process with her approval, receiving somewhat tepid applause. 20 Democrats voted with the Republicans in opposition. In simple terms, with business seeing tax increases coming down the pike at a rapid pace, they will simply not hire, extending the misery of more than 15,000,000 people who are unemployed. Some businesses may just pickup and move to more “tax friendly’ countries, or close entirely, adding additional claims to unemployment rolls. Could they have voted to extend the tax cuts, in whole or in part, in the last 5 years that Nancy Pelosi has controlled the Congress? Absolutely, they certainly had the time to do so, but it was not politically convenient to extend part or all or none of the tax cuts, or write new legislation during that period.

Perhaps Ms. Pelosi feels that it will be easier to blame Republicans coming into office in 2011, for the new taxes that will be paid by all American’s, thereby tarnishing the Republicans (who have not yet taken the majority) with the brush of having voted against the middle class, in the hopes of reviving their own political fortunes in 2012. When one looks at the reality of the political process, and the short time between elections, Pelosi and her cohorts are already announcing, in some cases, their intent to run for reelection, in the hopes of gaining back control of the Government. However, no matter how hard they will attempt to spin this one, the fact of the matter is, without the employers, and without the employed, all government funding will cease to exist.
The utopian ideology shared by the Speaker and the administration so enamored of an “equitable social “share the wealth” option, perhaps forgot, ignored, or were simply ignorant of the fact that the model where the government controls industry, retail, food, insurance, and the like, has not worked – on a large scale in a country bigger than say Austria. Russia collapsed under the system, with worker standing in line for bread and simples supplies. Capitalism, which, last time anyone looked still was the guiding principle behind American economics, allows for individuals to create businesses at will, hire people, pay taxes, and keep the payroll going, to both the individual , the corporation (small or large) and the federal and state governments. By raising taxes on struggling businesses, many of which, like GE (who owns NBC and MSNBC) received bailouts by the Fed (Washington Post), will have the effect of instituting a dnr on the nations Federal income.

How bad can it get? US News and World Report, notes that without the full Bush Tax Cuts the market is set to crash in two short weeks. Should the market crash, as predicted, that will wipe out life savings, stall and or kill business, and leave the nation in a state similar to the 1930’s, with one exception. In the 30’s there were not millions of people who were used to receiving SNAP (food stamp credit cards), Fuel Assistance, Welfare, Social Security Disability for the inability to speak English, and a host of other programs which are controlled by the same party whose level of incompetence appears to have no boundaries. In the 1930’s, people received handouts from the government in the form of workfare, and yes, there were riots in the street, most notably by those whose political ideology most closely matched the current Speaker and the Administration – it was politely dubbed “The Red Menace”. Therefore, the New Red Menace lies in the Administration, the Current Congress, and their Unions. The rioters may come, indeed, but the blame will be placed, not as intended, but rather on those who were unable to provide – the current administration.


To recap – there is a direct correlation between giving businesses and the middle class tax cuts, and the ability to offer “aid” to the homeless, banks, and Europe - it works, splendidly - however when one places 90% of the tax burden on those earning 250,000 plus, one is treated to a depression. In the 1970’s, industries moved south, “the Sun Belt”, not for the climate, but for the tax rates, leaving those tax and spend Northern States (most notably Massachusetts) and their high corporate tax rates, without industry to pay for the increased entitlements. People left in droves for states where jobs were available, and taxes were lower, and over the years, instead of figuring out this simple equation, the need for Governors such as Dukakis and Patrick to tax and then add more programs which are unsustainable due to lack of a)corporations and b) taxpayers continues unabated.

This is the result: In Georgia hundreds of people waited in line to receive fuel assistance as the temperatures dropped below 30, the agency which receives federal funding had to turn people away. Those people standing in line were there for fuel assistance, spoke to the heart of the problem: (AJC):

“We have assistance for food, we have assistance for clothing, but we don’t have assistance for diapers,” she said. “That’s my biggest struggle right now.”


Therefore, we have millions upon millions who are getting their food and clothing from the State (Fed) now, (not to mention housing, cell phones, cars, Triple A (see Massachusetts), looking for additional funds to heat their homes.

Sooner than later, the practice of trying to buy the votes of these virtual “welfare slaves”, will come to a bad end – when there are no taxpayers, or few taxpayers left to support both those recipients and the government who misleads them into believing that the cash comes from the Federal Government. - they should be thanking taxpayers, not Nancy Pelosi, for their ability to stay for years on the “public dole”.

What if the market does crash on the 15th of December? American’s will survive, we’ve done it before, and we will do so again. However, the Progressives will not learn, they will continue to push for a version of Soviet Russia that has been immortalized as successful in their minds, eschewing fact for a fictional utopia of bread and soup lines and badly built appliances, generational apartment living (as there will be no home ownership except for those “elite” who are at the top of the political class.
Which is why, historically, the nation will recover, the prosperity will return, and those ideologies will sit by on the sidelines, the university professors, the actors, actresses, GE, NBC, MSNBC, Manhattan socialites, and ponder how to bring back their brand of sanity to the “world”, in another 40 years or so.

Just a note of moderation: During the past few year certain talk show hosts have predicted one catastrophe after another, the last was the possibility that the mid-terms might not take place if there were an emergency– that did not happen, obviously. Therefore, what American’s do have is the power of the ballot box, and the ability to see through the vain and the stupid, and the uninformed and the greedy, in order to affect the change necessary to restore the nation, at least temporarily. When listening to zealots, be the politicians, professors, high school teachers, union reps, the President or a right wing talk show host consistently predicating disaster, keep in mind who benefits: The politicians maintain their jobs and power, the professors maintain the same, the teachers are fed by the unions (not quite as elite as the others) and that talk show host is making millions scaring the heck of out anyone who takes their word as “gospel”.

Debunking: it has never been this bad:

Nationwide bombings and riots in the 1920’s
List of riots (Union) in the 1930’s
Progressive education in the 1930’s, leads to 40’s backlash
Photo essay (brilliant) of the 1930’s food lines, poverty, et. al

Of import:
U.S. Population in the 1930’s
U.S. Population in 2010

Adjust for inflation

Something to ponder:

In the last census, the U.S. Population stood at approximately 308.4 million (figure US News/US Census), of which approximately 50% pay no taxes. Compare to the US of 1930 of 122,775,046, of which even the lowest income level paid 5% to the federal till. (Tax Foundation)


Note: Congress had 5 years under Nancy Pelosi to tweak or fix, with her Tax Men, Charles Rangel (censored) and Richard Neal (D-MA2) the tax code, however, they waited until the most inopportune time for American’s thinking of their own political hides.

Thursday, December 02, 2010

Scott Brown Blast Dems for Allowing Unemployement Benefits to Laspe for Millions Dec. 1, Rousing Speech (Video)


Senator Scott Brown, (R-MA) image NYDaily News

On the 30th of November, 6 hours before the 99 week extension for unemployment benefits were due to lapse, Senator Scott Brown (R-MA) gave a rousing speech on the inability of the Senate under the direction of current Majority Leader Harry Reid (D-NV), to get anything done. Brown’s proposal to extend benefits to those 2 million unemployed, who had, as of yesterday, lost their benefits, was simple, do not add to the debt, use discretionary funding (funding available to those sitting Senators). Brown, who takes heat from both the right and the left, is standing firm on this issue. Massachusetts has not seen leadership and initiative by a single politician of this ilk who stands for the people of the Commonwealth and the nation, since John F. Kennedy became a State Senator. Kudos to the Junior Senator from Massachusetts. For those families who are going to go through unimaginable hardship in Massachusetts, one might suggest calling the office of John Kerry in Washington (202) 224-2742 and asking him to vote with Senator Brown and stop partisan stonewalling in order to get those families immediate aid. While leaving a message, include the tax cuts that are expiring and without which businesses are not hiring, perhaps Kerry would like to join Senator Brown on that critical issues as well. Senator Kerry, who is facing re-election in 2014, should, for once, cross party lines, and agree to extend all tax cuts to get business moving (or emulate John F. Kennedy) and cut unnecessary spending in order to fund unemployment.


Richard Neal (D-MA2) Plans to Run for Re-Election in 2012 – Despite Possible Redistricting and Loss of Congressional District


Richard Neal(D-MA2) and John Olver (D-MA1), May have to run for new combined district seat in 2012 - photo Springfield Republican.

From: Masslive.com (Springfield Republican) – Congressman Richard Neal (D-MA2) announced yesterday that he would seek re-election to Congress in 2012. Neal has held the seat since 1989 and faced his first challenge in 2010 in Republican Tom Wesley, a political newcomer who garnered 40% of the vote in the district, exceeding pundit’s expectations showing Neal as powerhouse taking 75% of the vote. There will be several challengers to Neal’s seat in 2012, however, that will depend upon the Commonwealth’s redistricting due to a significant loss in population forcing the loss of a Congressional seat. As of this time, it is unclear which district will be lost in the state, with some speculation that the 1st and 2nd districts will be merged, having the lowest populations.

Massachusetts has lost population consistent with increased taxes and joins other similarly high tax states in losing seats. From urbangrounds.com via Washington Examiner:

New York and Ohio are likely to lose two seats each, while Illinois, Iowa, Louisiana, Massachusetts, Michigan, Missouri, New Jersey, and Pennsylvania will be down one apiece. The average top state personal income tax rate in these loser states: 6.05 percent.


Therefore, Neal, who had been vying for the top slot on the Ways and Means Committee prior to the Nov. 2nd election which saw an historical power shift in the House, with Democrat losses the highest since the 1930’s, is now relegated to “ranking member”, with the possibility of the current district, east of Springfield, being merged with part of the 3rd district held by McGovern, leaving the 1st District alive and well under the direction of John Olver who will face an in party challenge from Berkshire Register of Deeds and former state Sen. Andrea F. Nuciforo Jr., a Pittsfield lawyer, is running for the 2012 Democratic nomination for the seat and has a fund-raising event scheduled for Thursday.

With the possibility of the District Loss, Neal may have to face a three way primary challenge against fellow Congressman John Olver (D-MA1) and Nucifero. Neal, a former schoolteacher, first ran for elected office in 1984 and won the seat as Mayor of Springfield, he was elected to the Congress upon the retirement of Democrat Edward Boland, facing no opposition in 1989. Neal, who has been dubbed “Nancy Pelosi’s and Irelands Tax-Man on the Hill” votes straight party line 98% of the time. In the waning hours of the 111th Congress, Neal and other House Democrats plan to force a vote on tax cuts, proposing the Progressive model of increasing taxes on all businesses and income over $250,000 while negotiations between the White House and Senior members of the House and Senate are still taking place. A purely political stunt designed to embarrass the incoming majority. The Bush Tax Cuts are set to expire on the 1st of January, with an across the board increase in taxes for all Americans. The Democrats in both Houses and the Administration appear to be stalling and allowing these tax increases to go through, which will, in all likelihood extend the current economic crisis. The blame will rest solely on those who failed to move this issue forward over the past two years, and, Neal, who held a high ranking seat on the Ways and Means Committee, had the power to do so.

Amazon Picks

Massachusetts Conservative Feminist - Degrees of Moderation and Sanity Headline Animator

FEEDJIT Live Traffic Map

Contact Me:

Your Name
Your Email Address
Subject
Message