Recently in Regulation Category

Good News? Feds Waste Only $125B

November 17, 2010 6:29 AM
Hope, Change, Waste...

Larger government = more waste.

Just What is Quantitative Easing?

November 15, 2010 9:30 AM
What is quantitative easing and why do we need it? This simple cartoon explains it all. You want to be seated before viewing this.

Last night we wrote about how the White House and Democrats in general are purposely pursuing policies which will kill jobs by raising taxes on small business owners. Congressman Paul Ryan explains on CNBC that not only are the Democrats raising taxes on job creators, they are being very nuanced with the facts  - inaccurately explaining that the tax increases will not kill jobs.

You see Democrats will tell you that only 2% of filers are affected by the tax increases - but what they don't say is it is half the income of small business will be hit with this tax increase! You see, the way the tax rules are set up, if you sell something on eBay and report it, you are considered a small business. That is why this argument is so divisive and why many on the left are able to twist the facts to their advanatage - knowing full well, they will be killing US jobs by raising taxes on small business owners.

While we attributed what the Democrats are doing to purposely killing jobs to increase government dependency - since government dependents generally vote Democrat. Congressman Ryan takes a slightly different view when saying, "Class warfare is effective politics because it prays into the emotions of fear and envy, but its really bad economics."

During the healtchcare debate where the White House said they would be trying to work with Republicans, Congressman Ryan explained to President Obama that the American people don't want Obamacare in its present form and he went on to say that Obama was not listening to the people. Continue Reading...
Doug Schoen and Patrick Caddell at the Washington Post - explain why Obama should not run in 2012 and instead focus on the problems of the country and getting them solved. The article points to his own statement: "I'd rather be a really good one-term president than a mediocre two-term president," and explains that he now has the chance to deliver on that idea by not focusing on the polarizing politics of reelection but instead on getting the economy going again.

There are some solid points in the piece, including:

Obama can restore the promise of the election by forging a government of national unity, welcoming business leaders, Republicans and independents into the fold. But if he is to bring Democrats and Republicans together, the president cannot be seen as an advocate of a particular party, but as somebody who stands above politics, seeking to forge consensus. And yes, the United States will need nothing short of consensus if we are to reduce the deficit and get spending under control, to name but one issue.

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How NOT to Compete with India and China

November 14, 2010 10:27 AM
Whether you are on the left or right - the one thing we can all agree upon is that when people are given enough to make them comfortable - they quite often become less interested in working and producing. Most people work to generate income - take care of their family and their health, etc.

The more they receive without working - the less requirement there is to be productive.

Austin Hill details the fact that fewer Americans want to work - in part because of Obamacare - and this should scare the heck out of all of us. Not because "free" healthcare is evil but because an nation which is given increasing incentives to not work will get its clock cleaned by countries where the work ethic is greater.

We believe that if the US is to compete with developing countries - we need to explore what they do and we don't. In other words, what makes the US uncompetitive? Continue Reading...

The Catastrophe That is ObamaCare

November 9, 2010 8:15 PM
A Global benefits expert tells us what US citizens already surmised - ObamaCare is riddled with unintended consequences - like virtually everything the government does and will hurt business and the people it is supposed to help. The diagram (PDF) below outlines how it works - a bureaucratic nightmare and this article gives you more details.


This monstrosity can't be repealed and/or defunded soon enough.

Continue Reading...

The Federal Reserve under the leadership of Ben Bernanke is in the process of doing something called Quantitative Easing 2 or QE2 – which means they will print money and loan it back to the federal government by purchasing its bonds – basically the idea is they will print money and subsequently lessen its value and generate inflation.

In response to massive so-called stimulus spending and QE1, the US dollar is losing its value and will be able to purchase less. Please take a moment and read about the Weimar Republic so as to understand the gravity of the situation. In that case, the government printed so much money that the currency became worthless and was used as wallpaper.

Continue Reading...

White House to Become Business Friendly

November 7, 2010 2:59 PM
The White House is looking for ways to become more business friendly according to a Reuters article on Expect more business roundtables and perhaps even a payroll tax holiday.

We at the Patriot Talk blog believe it may take at least a year before the Obama administration can even start to win over numerous business leaders such as Jack Welch and Ken Langone who have detailed how the president is extremely anti-business. Welch even produced a game plan on how the Republicans in the house can oppose his various anti-business, job-killing actions. But in 12 months, the campaign for President in 2012 will be back in full swing and we can expect a string of populist comments and other rhetoric blaming business for the country's problems.

In short, unless some sort of miracle happens, we don't see a situation where the Obama administration will win over business and get the economy back in high-gear.

Besides, even if Obama actually does embrace business, the leaders of companies are just as concerned with the administration's runaway spending as they are about the rhetoric and other anti-business actions from the White House. Continue Reading...
U.S. News & World Report publisher Mort Zuckerman says the love affair with Obama is over and says he is a young man in a grown-up's game. While the president has been one of the most effective communicators in politics he has no management experience. Unlike other Presidents considered to be strong such as Clinton and Reagan who were both successful governors - Obama has not governed anything - a store, a company, a village - nothing.

The experience one gains from leading can only be learned - well - by leading. Continue Reading...

Moderate Democrat Says Obama Tone Deaf

November 6, 2010 7:31 PM
Sure you might expect Republicans to say President Obama and Nancy Pelosi are tone deaf after listening to them not connect huge Democrat losses with the fact that the country was voting against many of their policies. But when a moderate Democrat starts calling the White House "tone deaf" and saying there is a disconnect between the White House and the rest of the country, you realize the Democratic party has major problems.

Of course the Obama, Pelosi, Reid agenda is exactly what the country just voted against and amazingly, none of our leaders seem to get it.

Politico's Jonathan Martin has the details about these comments made by
Florida Democratic gubernatorial nominee Alex Sink on Politico.

Sink's closing comments perhaps are most important as they sum up what the American people have been saying for about a year,
“They just need to be better listeners and be better at reaching out to people who are on the ground to hear about the realities of their policies as well as politics.”

Obama for his part continues to be defiant and rigidly ideological about his policies - he said he has spent too much time legislating and not enough time persuading. Yet, no president in recent memory has made more speeches in less time.

The sense of this blog is that we don't expect the White House to pivot to the center like President Clinton - instead we should all be prepared for more speeches, more explaining, more YouTube videos, more Facebook entries and tweets.

But we would like to point out the media that the President is using are of the two-way variety - and we wonder, we really wonder - does the White Hous actually check to see what other people are saying on YouTube, Facebook and Twitter or will they be the only ones doing the "persuading?"

Continue Reading...
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