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Showing posts with label TARP. Show all posts
Showing posts with label TARP. Show all posts

Thursday, June 18, 2009

Letter To America's "Leadership"

This is long, but read it all the way through. It was written by Janet Contreras of Arizona.

I put the word "Leadership" in quatation marks in the title because I do not really consider those idiots in Washington to be leaders.

The words are truer than most people even know:

I'm a home grown American citizen, 53, registered Democrat all my life. Before the last presidential election I registered as a Republican because I no longer felt the Democratic Party represents my views or works to pursue issues important to me. Now I no longer feel the Republican Party represents my views or works to pursue issues important to me. The fact is I no longer feel any political party or representative in Washington represents my views or works to pursue the issues important to me. There must be someone. Please tell me who you are. Please stand up and tell me that you are there and that you're willing to fight for our Constitution as it was written. Please stand up now. You might ask yourself what my views and issues are that I would horribly feel so disenfranchised by both major political parties. What kind of nut job am I? Will you please tell me?

Well, these are briefly my views and issues for which I seek representation:

One, illegal immigration. I want you to stop coddling illegal immigrants and secure our borders. Close the underground tunnels. Stop the violence and the trafficking in drugs and people. No amnesty, not again. Been there, done that, no resolution. P.S., I'm not a racist. This isn't to be confused with legal immigration.

Two, the TARP bill, I want it repealed and I want no further funding supplied to it. We told you no, but you did it anyway. I want the remaining unfunded 95% repealed. Freeze, repeal.

Three: Czars, I want the circumvention of our checks and balances stopped immediately. Fire the czars. No more czars. Government officials answer to the process, not to the president. Stop trampling on our Constitution and honor it.

Four, cap and trade. The debate on global warming is not over. There is more to say.

Five, universal healthcare. I will not be rushed into another expensive decision. Don't you dare try to pass this in the middle of the night and then go on break. Slow down!

Six, growing government control. I want states rights and sovereignty fully restored. I want less government in my life, not more. Shrink it down. Mind your own business. You have enough to take care of with your real obligations. Why don't you start there.

Seven, ACORN. I do not want ACORN and its affiliates in charge of our 2010 census. I want them investigated. I also do not want mandatory escrow fees contributed to them every time on every real estate deal that closes. Stop the funding to ACORN and its affiliates pending impartial audits and investigations. I do not trust them with taking the census over with our taxpayer money. I don't trust them with our taxpayer money. Face up to the allegations against them and get it resolved before taxpayers get any more involved with them. If it walks like a duck and talks like a duck, hello. Stop protecting your political buddies. You work for us, the people. Investigate.

Eight, redistribution of wealth. No, no, no. I work for my money. It is mine. I have always worked for people with more money than I have because they gave me jobs. That is the only redistribution of wealth that I will support. I never got a job from a poor person. Why do you want me to hate my employers? Why ‑‑ what do you have against shareholders making a profit?

Nine, charitable contributions. Although I never got a job from a poor person, I have helped many in need. Charity belongs in our local communities, where we know our needs best and can use our local talent and our local resources. Butt out, please. We want to do it ourselves.

Ten, corporate bailouts. Knock it off. Sink or swim like the rest of us. If there are hard times ahead, we'll be better off just getting into it and letting the strong survive. Quick and painful. Have you ever ripped off a Band‑Aid? We will pull together. Great things happen in America under great hardship. Give us the chance to innovate. We cannot disappoint you more than you have disappointed us.

Eleven, transparency and accountability. How about it? No, really, how about it? Let's have it. Let's say we give the buzzwords a rest and have some straight honest talk. Please try ‑‑ please stop manipulating and trying to appease me with clever wording. I am not the idiot you obviously take me for. Stop sneaking around and meeting in back rooms making deals with your friends. It will only be a prelude to your criminal investigation. Stop hiding things from me.

Twelve, unprecedented quick spending. Stop it now.

Take a breath. Listen to the people. Let's just slow down and get some input from some nonpoliticians on the subject. Stop making everything an emergency. Stop speed reading our bills into law. I am not an activist. I am not a community organizer. Nor am I a terrorist, a militant or a violent person. I am a parent and a grandparent. I work. I'm busy. I'm busy. I am busy, and I am tired. I thought we elected competent people to take care of the business of government so that we could work, raise our families, pay our bills, have a little recreation, complain about taxes, endure our hardships, pursue our personal goals, cut our lawn, wash our cars on the weekends and be responsible contributing members of society and teach our children to be the same all while living in the home of the free and land of the brave.

I entrusted you with upholding the Constitution. I believed in the checks and balances to keep from getting far off course. What happened? You are very far off course. Do you really think I find humor in the hiring of a speed reader to unintelligently ramble all through a bill that you signed into law without knowing what it contained? I do not. It is a mockery of the responsibility I have entrusted to you. It is a slap in the face. I am not laughing at your arrogance. Why is it that I feel as if you would not trust me to make a single decision about my own life and how I would live it but you should expect that I should trust you with the debt that you have laid on all of us and our children. We did not want the TARP bill. We said no. We would repeal it if we could. I am sure that we still cannot. There is such urgency and recklessness in all of the recent spending.

From my perspective, it seems that all of you have gone insane. I also know that I am far from alone in these feelings. Do you honestly feel that your current pursuits have merit to patriotic Americans? We want it to stop. We want to put the brakes on everything that is being rushed by us and forced upon us. We want our voice back. You have forced us to put our lives on hold to straighten out the mess that you are making. We will have to give up our vacations, our time spent with our children, any relaxation time we may have had and money we cannot afford to spend on you to bring our concerns to Washington. Our president often knows all the right buzzword is unsustainable. Well, no kidding. How many tens of thousands of dollars did the focus group cost to come up with that word? We don't want your overpriced words. Stop treating us like we're morons.

We want all of you to stop focusing on your reelection and do the job we want done, not the job you want done or the job your party wants done. You work for us and at this rate I guarantee you not for long because we are coming. We will be heard and we will be represented. You think we're so busy with our lives that we will never come for you? We are the formerly silent majority, all of us who quietly work , pay taxes, obey the law, vote, save money, keep our noses to the grindstone and we are now looking up at you. You have awakened us, the patriotic spirit so strong and so powerful that it had been sleeping too long. You have pushed us too far. Our numbers are great. They may surprise you. For every one of us who will be there, there will be hundreds more that could not come. Unlike you, we have their trust. We will represent them honestly, rest assured. They will be at the polls on voting day to usher you out of office. We have cancelled vacations. We will use our last few dollars saved. We will find the representation among us and a grassroots campaign will flourish. We didn't ask for this fight. But the gloves are coming off. We do not come in violence, but we are angry. You will represent us or you will be replaced with someone who will. There are candidates among us when hewill rise like a Phoenix from the ashes that you have made of our constitution.

Democrat, Republican, independent, libertarian. Understand this. We don't care. Political parties are meaningless to us. Patriotic Americans are willing to do right by us and our Constitution and that is all that matters to us now. We are going to fire all of you who abuse power and seek more. It is not your power. It is ours and we want it back. We entrusted you with it and you abused it. You are dishonorable. You are dishonest. As Americans we are ashamed of you. You have brought shame to us. If you are not representing the wants and needs of your constituency loudly and consistently, in spite of the objections of your party, you will be fired. Did you hear? We no longer care about your political parties. You need to be loyal to us, not to them. Because we will get you fired and they will not save you. If you do or can represent me, my issues, my views, please stand up. Make your identity known. You need to make some noise about it. Speak up. I need to know who you are. If you do not speak up, you will be herded out with the rest of the sheep and we will replace the whole damn congress if need be one by one. We are coming. Are we coming for you? Who do you represent? What do you represent? Listen. Because we are coming. We the people are coming.


If you wish to sign the petition that is this letter, go to the following website:

An Open Letter To Our Nation's Leadership

Tuesday, March 24, 2009

Socialist Obama Administration Makes New Power Grab To Seize Private Sector Businesses

I know there are still several libs out there who stamp their feet and whine like little children that Obama is not a socialist. Well, you can put your faux temper tantrums back into the closet for another day. All doubt about Obama's intentions of sending the United States into a socialist disaster similar to that of European nations has been erased.

The White House announced a plan for the government to come in and seize control of private sector businesses. At first, the excuse was that the government should come in and give oversight to any bank or firm that recieved TARP money. Now, they just want to go in and take over any bank, firm or business they feel like.

From the Washington Post:

Treasury Secretary Timothy F. Geithner is set to argue for the new powers at a hearing today on Capitol Hill about the furor over bonuses paid to executives at American International Group, which the government has propped up with about $180 billion in federal aid. Administration officials have said that the proposed authority would have allowed them to seize AIG last fall and wind down its operations at less cost to taxpayers.

The administration's proposal contains two pieces. First, it would empower a government agency to take on the new role of systemic risk regulator with broad oversight of any and all financial firms whose failure could disrupt the broader economy. The Federal Reserve is widely considered to be the leading candidate for this assignment. But some critics warn that this could conflict with the Fed's other responsibilities, particularly its control over monetary policy.

The government also would assume the authority to seize such firms if they totter toward failure.


There are two major problems with this. First, our government is so incompetant that it is extremely doubtful that they would ever be able to accurately identify a firm that was tottering "towards failure." After all, Sarbanes-Oxley was designed to do just that and it failed to give us notice every single time another Wall Street firm went bankrupt. Apart from that, if the market dictates that is business should fail then the business should fail.

Second, this is nothing more than a socialist power grab, an attempt at seizing the means of wealth and production. Sound like a part of a plan introduced by a radical who lived back in the 1800's and wrote the Communist Manifesto? It should. It is precisely that.

Obama has also mentioned that he wants to put limits on executive compensation in all businesses, whether they recieved TARP money or not.

The Obama Administration has now removed all disguise from their policies. They are most definitely socialists and they are no longer timid about exposing it. Socialism is a disaster and had failed everywhere it has been tried. Certainly, Obama is aware of history.

But I believe that Obama has a more sinister purpose in mind here. He wants his socialist allies in Congress to grant his administration these broad powers to act against the American private sector in order to tighten the devastating stranglehold that socialism will ultimately have on us and our lives.

Is this what Chris Buckley, David Brooks and Doug Kmiec had in mind when they convinced all those people to vote for Obama?

This madness must be stopped.

Wake up America!

You can access the complete article on-line here:

U.S. Seeks Expanded Power To Seize Firms
Binyamin Appelbaum and David Cho
Washington Post
March 24, 2009

Wednesday, February 4, 2009

Socialism? The Current Proposal From The Democrats Is Outright Marxism!

You are not going to believe this, but read it for yourself:

Congress will consider legislation to extend some of the curbs on executive pay that now apply only to those banks receiving federal assistance, House Financial Services Committee Chairman Barney Frank said.

“There’s deeply rooted anger on the part of the average American,” the Massachusetts Democrat said at a Washington news conference today.

He said the compensation restrictions would apply to all financial institutions and might be extended to include all U.S. companies.


Yes, if you read all the way to the end of that clip, you saw the words: "to include all U.S. companies."

That's right. The Dems are now proposing Soviet-style control on how much money you could potentially make.

Think this is just some leftist idle chat? Read on:

Mr. Frank seems to be in synch with the Obama administration in his plans for executive compensation.

Treasury Secretary Timothy Geithner said last month that he might try to extend to all U.S. companies a restriction that prohibits bailout banks from taking a tax deduction of more than $500,000 in pay for each executive.

The Troubled Assets Relief Program legislation enacted in October seeks to give companies receiving aid under the $700 billion bailout a number of incentives to curb what it calls excessive executive pay.

Mr. Geithner said he would consider “extending at least some of the TARP provisions and features of the $500,000 cap to U.S. companies generally.”


Yes, our current tax-evading Secretary of the Treasury, Timothy Geithner, said that.

Any of you libs out there still want to whine about the Dems being referred to as "socialists?" Maybe you are right. This latest proposal puts them in league with the Marxists.

There is an old saying: "With the first link, the chain is forged."

This idiotic proposal the Dems are making is that first link.

Wake up, America!

You can access the complete article on-line here:

Barney Frank: TARP's Comp Curbs Could Be Extended To All Businesses
Neil Roland
Financial Week
February 3, 2009

Wednesday, January 21, 2009

The Obama Presidency: Here Comes Socialism

Well, we voted for change. The question is, will the change be good or bad?

I'm betting bad. Just as Jimmy Carter had a liberal Democrat Congress to tinker with the economy, so does Barack Obama, only moreso. But, the Dems today are much further to the left than the Dems of the 70's. Back in the 70's, the Dems actually cared about the well-being of America while today's Dems care more for forcing their socialist agenda on a population that will regret it.

Just look at Europe. Depsite their touting themselves as being "enlightened" and better than the rest of the world (i.e. the United States) their collective economy is in a permanent state of shambles and their societies are deteriorating at the hands of leftists in conjunction with immigrants who refuse to assimilate. High unemployement, high taxes and low quality services. That is what they offer.

Socialism is and always will be a disaster.

And now, we have voted for just that type of disaster to happen here.

Writing for Town Hall, Dick Morris and Eileen McGann have this to say about Barack Obama's policies:

[W]e enter his administration as free enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom or Sweden -- a socialist democracy in which the government dominates the economy, determines private sector priorities and offers a vastly expanded range of services to many more people at much higher taxes.


This will all be part and parcel to Obama's New Deal which will be every bit as disastrous as FDR's, whose policies made the Great Depression last at least ten years longer than it should have. Here is a recap of how well it went:

[H]is New Deal measures only succeeded in lowering the unemployment rate from 23 percent in 1933 when he took office to 13 percent in the summer of 1937. It never went lower. And his policies of over-regulation generated such business uncertainty that they triggered a second-term recession. Unemployment rose to 17 percent in 1938 and, in 1940, on the verge of the war-driven recovery, stood at 15 percent.


First, Obama will ensure that he can buy votes for the next election as follows:

In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever expanding welfare checks from the government.


That wonderful Florida voter named Peggy the Moocher must certainly be licking her chops right now at the premise that she can be as lazy as she wants to be while other hard-working Americans support her.

Here are some other aspects of Obama's New Deal:

With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. ... Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And when the economy is restored, he will raise taxes with impunity since the only people who would have to pay them would be rich Republicans.

In the name of stabilizing the banking system, Obama will nationalize it. Using TARP funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders -- the government, not private investors.


And what about Health Care? Obama and the socialist Dems will seek to force a Nationalized rationed health care system like the disasters that cover Canada and the United Kingdom.

Without a lot more doctors, nurses, clinics, equipment and hospital beds, health resources will be strained to the breaking point. The people and equipment that currently serve 250 million Americans and largely neglect all but the emergency needs of the other 50 million will now have to serve everyone. And as government imposes ever more draconian price controls and income limits on doctors, the supply of practitioners and equipment will decline as the demand escalates. Price increases will be out of the question so the government will impose health care rationing, denying the older and sicker among us the care they need and even barring them from paying for it themselves. (Rationing based on income and price will be seen as immoral).


Even more scary is how Obama plans to get an even larger share of the vote by buying off illegal immigrants with amnesty:

He will move quickly to legalize all those who have been in America for five years, albeit illegally, and to smooth their paths to citizenship and voting. He will weaken border controls in an attempt to hike the Latino vote as high as he can in order to make red states like Texas into blue states like California. By the time he is finished, Latinos and African-Americans will cast a combined 30 percent of the vote.


Is this the "change" you voted for? Have more of your money confiscated and then have it redistributed among illegals and other moochers? Have your quality health care replaced by sub-standard nationalized health care?

If so, you will reap what you sow. If not, you'll have a good, long, hard four years during which you may consider the results of the previous four years.

You can access the complete article on-line here:

The Obama Presidency: Here Comes Socialism
Dick Morris and Eileen McGann
TownHall.com
January 21, 2009