Recently in Tea Party Category

Ex-MSNBC personality Keith Olbermann is planning a new website to match a Twitter feed by the same name. Sadly, Olbermann like so many others who agree with him feel more comfortable demonizing those who hold alternate points of view than they do debating the issues at hand.

In our experience when someone holds a view which cannot be defended with logic, personal attacks soon follow. Such is likely the case with Mr. Olbermann's latest endeavor.
Sure, keep trusting those “experts”

I am not a financial expert nor am I an economist – but considering they all have missed virtually every significant financial event from the dotcom bubble to the telecom bubble and the housing bubble let’s just say not being an economist or financial expert probably is a distinct advantage.

Having said this, I would like to discuss a few issues which need to be out in the open and discussed before the new Congress begins.

Bank runs are bad

Banks do not keep all of their assets in cash meaning if the majority of a bank’s customers decide to withdraw all of their money at the same time, the bank collapses. Think about it – they loan much of the money they have to others and don’t have access to it all. When one bank collapses there is a chance other investors will get spooked and create a cascade of bank failures. When not stopped, you have the potential for another Great Depression.

Bank runs are currently stoppable because governments can stop them

To date, bank runs have been stopped because governments around the world have been able to stop them by assuming the bad loans the banks have made.

Soon, global governments may not be able to stop the bank runs
With all the debt global governments have amassed, there is a possibility at some point that investors will start a global bank run meaning county after country will see their banks collapse because the confidence in the ability of a country to pay back its debt has plummeted.

Ireland may kick off a worldwide panic

If you follow financial news you may know much of Europe is in trouble because in general they work less hours than they should and produce far less than they need to in order to sustain the lifestyle they live. Continue Reading...

Washington Elite Disconnect

December 15, 2010 10:52 AM
If you graduated college and live in the DC area you are less than half as likely to think Sarah Palin is qualified to be President. So says a Politco poll which is full of useful information which shows fairly consistently that Washington elites are somewhat if not totally disconnected from the rest of the population.

Consider that this month, 38% of the DC elites think the economy is headed in the right direction but only 26% of the general population believes this is the case.

The poll itself shows why the disconnect is taking place. We know that the Obama administration is responsible for the largest federal payroll in history so we would assume that government workers and those who feed off them are very happy. Moreover, the average government worker makes twice what the typical non-government worker makes. Continue Reading...

Obama Tax Position Analysis

December 10, 2010 3:20 PM
The recent press conference where President Obama tried to sell tax cuts for those making over $250k while extending unemployment benefits for 13 months struck me as being odd but until I read Peggy Noonan's article titled From Audacity to Animosity, I couldn't understand what was so perplexing.

This portion of the article is most important:

President Obama was supposed to be announcing an important compromise, as he put it, on tax policy. Normally a president, having agreed with the opposition on something big, would go through certain expected motions. He would laud the specific virtues of the plan, show graciousness toward the negotiators on the other side—graciousness implies that you won—and refer respectfully to potential critics as people who'll surely come around once they are fully exposed to the deep merits of the plan.

Instead Mr. Obama said, essentially, that he hates the deal he just agreed to, hates the people he made the deal with, and hates even more the people who'll criticize it.

Continue Reading...

Reagan is Right, Keynes is Wrong

December 1, 2010 1:33 PM
If each of us individually cannot borrow our way to prosperity, is it logical to believe that collectively we can do the same? Absolutely not. But that doesn't stop politicians from borrowing massive amounts of money from potentially hostile regimes to finance a virtual Ponzi scheme of promised entitlements.

Ronald Reagan said the following during his inauguration - "You and I as individuals, by borrowing, can live beyond our means but for only a limited period of time. Why then should we think that collectively, as a nation, we're not bound by that same limitation?"

He continued, "We must act today, in order to preserve tomorrow. Continue Reading...

Tea Party Race Card Played by Howard Dean

December 1, 2010 11:35 AM
We Continue to Believe the Democratic Politician Seems Most Reasonable When Screaming

Rather than seeing the Tea Party as what it is - a massive grass-roots movement initiated by Americans who are fed up with large government and re-distributive progressive ideals which end up hurting the very people they are supposedly helping, Dean once again plays the race card saying the Tea Party is uncomfortable with the current demographic shift in the US.

Dean does not let facts get in his way of course - totally ignoring that the Tea Party just elected more minorities than Democrats - instead, he goes on to show that the only thing less coherent than his screaming is his rambling.

While racism was often used to discredit the Tea Party in its early days, sane people have come to the realization that there are likely the same number of racists in the Tea Party as any other group of people such as Democrats or Republicans.

But rather than debate the merits of his arguments - for example, how can he explain taking more money from the private sector which is currently used to create jobs will create more jobs?

Morover, if most people start or grow new companies because of the potential to become wealthy, how can lowering the amount of wealth a person can achieve, increase the rate of new business creation and subsequently job creation?

Other arguments you will see Dean avoid are how can placing any able-bodied person on government assistance for many years or decades make them a productive member of society enabling the US to compete effectively with our new competitors in China and India.

Moreover, has anyone ever seen him address how borrowing money from countries with terrible human rights abuses - ones we don't consider allies, enables the US to negotiate for better rights in such countries?

We haven't.

No, for Howard Dean, the argument is that the Tea Party is racist and Republicans are bad because they believe that everyone should have the opportunity to succeed and by providing society with maximal opportunity, they have the maximal chance of becoming self-sufficient and potentially wealthy. Moreover, conservative principles achieve something no Democrat wants for the poor - the dignity of being able to provide for themselves - free of the need for government assistance.

America continues to be the land of opportunity and hordes of immigrants come to the US every year to escape large-government and/or religious/racial/class oppression, in order to start companies or work in other roles which help provide jobs for countless others.

Yet Democrats conveniently ignore the fact that someone with English as a second-language but the desire to make it to the top can come to the US and become incredibly successful. And they discard the fact that this happens regardless of race, religion or sexual orientation - in the US - we truly (for the most part) judge you based upon your character, knowledge, skills and ability.

Other countries have rigid class structures which encumber the entrepreneurs - people will ask you your last name and about your father and mother and use this information to ascertain if they should loan you money or give you an opportunity. Continue Reading...
If anyone is expecting civility in politics in the next two years, this demonstration shows you likely won't see any. Here's what happened according to CBS News: Buyer this afternoon asked Democratic Rep. Laura Richardson of California, who is acting as speaker, to yield time for him to speak on a veterans bill. Richardson refused, prompting Buyer to ask sarcastically, "as a sitting member of the House, the speaker chooses not to recognize another sitting member, is that correct?"

Federal Pay Cut Analysis

November 29, 2010 12:55 PM | Comments
Today, President Obama proposed a freeze on federal pay for specific workers for a period of two years and we are left wondering why. After all, the President has said repeatedly that we need the public sector to get the economy "back on track" because the private sector cannot.

So if we cut spending in the public sector or at least cancel scheduled increases, does this mean we are acknowledging that the private sector is better equipped to get the economy moving?

Or is this move just a ploy to take steam away from Republicans who will be taking control of the House and pushing massive cost-cuts. We believe that Obama has not found religion on the issue and is trying to reduce the amount of credit the Republicans will get for future cost-cutting in the next election.

Moreover, he will now be able to make it seem like he cares about deficits and being fiscally responsible.

We hope of course that we are wrong and that Obama has decided to become fiscally conservative but this would not be consistent with the plurality of his speeches and actions.

But from a political standpoint, it is a smart move.

In the mean time, it is worth reading two recent articles in the USA Today on government versus private sector compensation. One discusses how many government workers make over $150,000 per year and the other discusses how federal wages and benefits are double what they are in the private sector.

Based on this information, wouldn't it make sense to announce federal pay cuts - not just a freeze?
Continue Reading...

Democrats Compete to Kill Most Jobs

November 22, 2010 8:18 AM
And they wonder why companies are moving to Switzerland

The detachment of US politicians never ceases to amaze us - they blab on and on about made-up class divisions and talk endlessly about how wealthy need to pay their "fair share" - all the while never focusing on reality which is, anyone with the drive and ambition in the US can make it to the top and become wealthy.

The greatest irony of all of course is hearing about manufactured class divisions from President Obama - a minority who went from having a single parent and living on food stamps to Harvard and the Presidency - while becoming a millionaire!

And as if this were not not enough, each year, poor people from around the world escape their own countries to come to the US and many quickly become millionaires as well. And generally with immigrants, English is not their first language - putting them at a major disadvantage.

Instead of celebrating the hundreds of millions of people who have been pulled out of poverty worldwide because of the current US quasi-capitalist system and trying to help everyone make it to the top, leading Democrats like Pelosi, Reid and Barney Frank have continued their war on the productive job creators of this nation through policies, threats and speeches. Let us not forget Hillary Clinton who believes that no matter how much US tax payers shell out - it is not enough - and she says we need to emulate Brazil of all places. One wonders if the Democrats have a secret competition going on between them to see who can destroy the most jobs for their citizens.

Should anyone be surprised that after pumping trillions of dollars borrowed from other countries into our economy, it is not producing many if any jobs? Continue Reading...
Bristol Palin, daughter of former Alaska Governor Sarah Palin, and professional dancing partner Mark Ballas pose backstage after the premiere of ABC's series Dancing with the Stars Season 11 in Los Angeles September 20, 2010. REUTERS/Fred Prouser (UNITED STATES - Tags: ENTERTAINMENT)

Nothing gets the Left in a crazy tizzy more than the name "Palin". Apparently, it isn't exclusive to Sarah Palin, since Bristol Palin has inherited the gene. Thank you Bristol Palin for providing continuing popcorn entertainment allowing us conservatives watch the Left stomp like a spoiled little child that didn't get their way. Continue Reading...
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  • Musing: I say cut the salaries of the house and senate read more
  • Anonymous - Government worker: Obama reaches out and makes a decision to cut government read more
  • Rich Tehrani: It is surprising that your pay is lower than what read more
  • anonymous: As a federal worker I wish I was paid what read more
  • Peter: Unless you live in Florida and watched the drama unfold, read more
  • Tom Keating: Ok, that's just freaky, cuz I watched this like 15 read more

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