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  • Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

    Ronald Reagan

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    When the government's boot is on your throat, whether it is a left boot or a right boot is of no consequence.

    Gary Lloyd

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    We have a system that increasingly taxes and subsidizes nonwork.

    Milton Friedman

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    The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money

    Alexis de Tocqueville

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    Those of us who manage the public dollars will be held to account to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and our government.

    Barack Hussein Obama, 1/20/09

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    My friends, we live in the greatest nation in the history of the world. I hope you'll join with me as we try to change it.

    Barack Hussein Obama

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    “And the Democrats intend to lead the most honest, most open, and most ethical Congress in history”

    Nancy Pelosi, Election Night 2006

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    A community organizer can't bitch when communities organize.

    Rush Limbaugh

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I’m a new shareholder in AIG

I received an email this evening from one of my US Senators, Robert Casey. Here is a portion of the text:

Dear Friends, It is difficult to quantify the outrage that taxpayers – AIG’s new shareholders – have regarding the bonuses paid to AIG executives. I have included my thoughts in a video statement above. I’ve also included the letter I sent to AIG CEO Edward Liddy demanding answers. AIG must reverse course and do the right thing and forego the bonuses or face legislative action. It’s ironic that he mentions the outrage that taxpayers have…

He certainly didn’t notice it last September with the TARP vote. He certainly didn’t notice it recently with the passage of Porkulus. And he CERTAINLY didn’t notice taxpayer outrage with the recent Omnibus Spending Bill. But he notices when the media bombards us with the story of AIG execs getting bonuses in the amount of one-tenth of 1% of their bailout money?

Yes, Bob Casey is an Obama Butt-Boy.

People who only pay attention to the news from the periphery will find the AIG bonus story reprehensible, and agree with the politicians. But what does all of this signal?

Of course, it’s right out of the Democrat playbook: magnify a problem (the economy) so that it snowballs until it’s nearly out of control, villify certain people in the crisis, and move in for the kill. As I see it, moving in for the kill will involve nationalizing our economy. Senator Casey’s statement that the taxpayers are AIG’s “new shareholders” proves that point.

And by the way, hold on to what’s left of your wallets: there’s a trillion $$$ “stimulus” package on the way.

Is all of this good for the country? Will the stock market gain confidence with all of this? Should US taxpayers be bailing out the rest of the world? And most importantly: how is your retirement fund doing?

Random Political Thoughts 2/15/09

  • Given that the Democrats have solid control of the Legislative and Executive branches of government, why is it that we keep hearing about the Republicans voting against Porkulus? Why is it that bipartisanship is now so important, when it wasn’t an issue before this? Answer: because they solely OWN Porkulus. They know that it’s short on stimulus and brimming with Pork, and if a majority of taxpaying voters figure this out, they are toast at re-election.
  • This year, the Porkulus bill will implement about 4% of “shovel ready” projects (and this is supposed to boost our economy?). The vast majority kicks in in 2 years – just in time for the mid-term elections. How convenient…
  • All we’ve been hearing the past few weeks from Barack Obama is how imperative it is to pass the “stimulus” right away, before economic disaster occurs. Now that it has passed Congress, and is awaiting B. Hussein’s signature, HIS priority this weekend was to take his wife out to dinner and spend a long weekend in Chicago. Yes, the country is economically falling apart, and our PRESIDENT is off to the Windy City to live it up for the weekend (sarcasm regard the falling apart comment). Hmmmm; maybe they’re tired of being stuck in the White House again? 
  • The CEO’s of the banks who took bailout money are paying the price. The government now owns their asses. Yes, they are now beholden to the government, and their expenditures will be under the watchful eye of those in Congress who caused this situation in the first place.  That’s what happens when you depend on others; you are beholden to them. 
  • And speaking of those who expect the government to solve all problems-Henrietta Hughes had the cojones to ask the President for a kitchen and bathroom at a town hall meeting in Ft Myers, Florida this week. The nation heard her sob story, but it turns out that her son lost his job for poor performance, and she lost her home 6 years ago when it was foreclosed, long before the current crisis. B. Hussein has an uphill climb: Obamanation voters who voted for him in hopes of being supported by the government are going to be sorely disappointed. Ms. Hughes isn’t disappointed, because the PRIVATE SECTOR intervened, and she now has rent free housing for as long as needed, and her son has several job offers. We shall see.
  • Turbo Tax Tim Geithner made remarks this past week about his bank rescue plan, and the market tanked. According to Jim Rogers, Geithner is the problem, not the solution. 
  • Doesn’t it seem odd that the current economic “crisis” had such a sudden onset, occurred prior to our Presidential election, and is given unprecedented urgency to fix by Democrats? Take a listen to Paul Kanjorski in this clip from C-SPAN. He is head of a financial sub-committee in the House, and speaks of a SUDDEN electronic “run” on financial markets. Coordinated attack of economic terrorism by a foreign country to cause our collapse? Election tampering?