Obama's New Plurality

Conservative pundits claim Representative Barney Frank believes the election of Mr. Obama granted the Democrats’ socialist party members a universal mandate for unabridged government. Don’t be too sure of this. It may be his goal, but he and his fellow socialists are not ready to proclaim victory.

Barney represents Newton, Massachusetts, a community which recently spent $200 million for its new high school. That number is not a misprint.

Naturally Newton, a well-heeled, liberal bastion, shared the cost of this palace with the other towns in Massachusetts. The voters in Newton simply believe their children deserve better schools than their neighbors.

It’s the same liberal entitlement mentality that condones Al Gore’s travel to environmental conferences in a private jet to condemn the energy usage of Americans.

That the other towns, which can’t afford infrastructure repairs for their existing schools, got stuck with a large chunk of the tab is symbolic of Barney’s politics. Barney’s political scheme is not about taking money from the rich and handing it to the poor. It’s about taking it from strangers and shoveling it to supporters.

By any definition, Barney and Obama are income re-distributing socialists. Obama’s campaign mantra, that 95% of the US workers would receive an income tax cut, sold well. The chorus of the song was that only wealthy Republican strangers would get hammered.

The numbers are in. Obama and Barney’s fiscal vision adds $1 trillion of debt each year to the federal deficit. By 2019 the interest on this debt will exceed $800 billion annually. This means that at least 25% of future federal receipts will be gobbled up by interest payments.

Do the arithmetic! Say good-bye to national defense, education, healthcare, etc., because every last penny will be required to fund entitlements and interest payments. Increasing the taxes on the wealthy won’t solve this economic disaster.

That’s why Obama hid under his desk while he signed the Omnibus bill. He knows the money will eventually come out of the hides of middle income Democrats and Independents, as well as, those evil Republican strangers. He wanted no record of his rape of America’s middle-class on film.

The Democrats continue to blame President Bush for the $1.3 trillion deficit they inherited. This is a critical part of their strategy. Obama will need a handy scapegoat when the Democratic rank and file realizes their income is on his short list for patching his $9 trillion deficit.

Between now and the presidential election in 2012, Obama and Barney won’t mention the dire need to tax the income of wage earners making between $50,000 and $250,000. But this duo will scrap the middle class tax cut promised to 95% of America’s taxpayers. And the Bush tax cuts for this group will be allowed to expire because they have already spent the money.

Nor have they mentioned that their recent legislation finally pushed 50% of the taxpayers off the books. This is the constituency that guarantees their reelection. Obama, Barney and Pelosi hope to bolster this segment’s numbers by granting amnesty to 12 to 20 million illegal aliens.

This majority of non-taxpayers, plus those on the government payroll, will perpetuate the existence of the democratic socialists. These parasites have every reason to vote themselves more goodies; every reason to vote for Obama, Pelosi and Barney. That’s the democratic socialists’ goal, and their definition of victory.

Middle-class Democrats and Independents need a wake-up call. They will soon be treated as strangers by Barney and friends. And evidently, they are too stupid to see it coming.

An Alternative to the Obama Bailout

The American taxpayers had better get two things straight.

First, the Bush and Obama administrations saddled the nation with over 2 trillion dollars of debt to bailout a pack of thieves and to bury their own malfeasance. Secondly, Obama’s troops will again be screaming “catastrophe” to bailout their $787 billion bailout.

Pardon the redundancy, but perspective is important!

Two trillion dollars is enough money to mail every last household in the United States a check for $17,000. This sum would provide young, credit worthy couples the down payment on a home. Within a year the foreclosed houses glutting the market would disappear.

This would clear the mortgage debt clogging the financial system and push home values up. It would also revive the construction industry and bolster the sales at Home Depot and Lowes and every retailer hawking home furnishings and appliances.

It’s a safe bet that 15% of the recipients would purchase a new vehicle, which would give Detroit its best year in decades. The sale of 16.9 million vehicles would heal the tire industry and all the vendors in the supply and market chain, including advertising outlets and the local dealerships.

The remaining 75% of the recipients could eliminate credit card debt, bolster their savings and 401K and ROTH plans, weather-proof their homes, enroll their children in private schools, or spend it on frivolities. Restaurants, coffee houses and toy stores would welcome the latter.

The nation would be at full employment within 18 months and tax revenues would soar.

The manufacturing sector in the United States is going the way of the dinosaur. Within two years it could be booming if the federal government prorated corporate taxes to a low of 10% for any company that agreed to transition at least 50% of its production stateside over five years.

Any manufacturing company that currently meets this standard should receive the same reward.

Now here is the kicker. Lower the capital gains taxes to 10% on the stock of manufacturing companies which qualify. This would invite investment and reward the risk takers, and immediately add value to the common stock sitting in portfolios. In effect, it rewards companies that reward Americans; and rewards Americans that invest in American companies.

Building our manufacturing base would pull the trillions of dollars into Wall Street which are currently parked on the sidelines, or invested off-shore. The stock market will rebound.

Again, tax revenues would soar. Let the actuaries run the numbers. If tax revenues increased 20% (a modest estimate), the national debt, with interest, could be retired in 15 years without a tax increase.

The Obama/Pelosi/Reid stimulus sets aside $13/week for American families for one year. The rest of the $2 trillion is spent on the growth of government, entitlements, pork spending, a few bucks for infrastructure projects and the rest to reward the handful of thieves that deliberately screwed every American.

That’s why Obama and Pelosi will again be screaming “catastrophe.”

Hello President Obama, Goodbye America

Election 2008 ended with President Obama the designated leader of our nation. We have already had a peek into America’s future. Massachusetts offers a microcosm of America’s prospects. This Blue State portends the future of America under the leadership of President Obama, Speaker Pelosi and Senator Reid.

Ninety percent of Massachusetts’ state representatives and eighty-seven percent of its state senators are Democrats. Governor Deval Patrick and the state bureaucrats have ironclad control over the budget. With only 21 elected conservatives among the 200 politicians sitting in the state legislature, there are no worthy advocates for accountability.

The state is a liberal bastion. One statistic defines its depravity. Ninety-five percent of the taxes collected for highway and road maintenance supports the bureaucracy. Only five percent is actually spent on improving the roadways. Welcome to share the wealth socialism.

Over 70% of Massachusetts’s citizens confirmed the state government’s right to pillage the wealthy. They defeated the abolition of the state’s income tax on the 2008 ballot. These are the same voters who welcome illegal aliens into their midst, and encourage them to teach in the public schools.

These are the same voters whose judges found the right of gays to marry in a 200 year old state constitution. These are the same voters who blessed the right of Representative Barney Frank to lie about the health of Fannie Mae and Freddie Mac. You are right. He’s the one who didn’t know his partner was running a gay brothel in his home.

This is the same state that offers public assistance to our future president’s aunt, who was ordered deported four years ago. Yes, she has a part time government job. Only a mean spirited, selfish, unpatriotic taxpayer could scorn such inclusiveness.

Now you may ask why anyone outside of Massachusetts should complain if the citizens of Massachusetts are happy living in a socialist state? That’s a fair question.

There is a dirty little secret that the Massachusetts socialists are keeping under wraps. Despite the flood of illegal aliens overrunning the state, its population isn’t growing. The companies and affluent, who are hammered by the taxation, are voting with their feet.

That’s right; they are leaving. The state blames this emigration on the lack of affordable housing. Of course, that’s not true. These folks sell their unaffordable homes prior to escaping.

In effect, each year the tax base shrinks in Massachusetts. To compensate for this depletion of funds, the state and local governments raise taxes every year. This in turn encourages more of the productive segment of society to pull up stakes.

This cycle cannot be supported indefinitely. The bureaucrats and welfare recipients will wake up with a bankrupt system which will collapse under its own weight. This is the path that President Obama wants the nation to follow. And his agenda will be enforced with censorship and a federal police force he plans to create.

Of course, when the national economy is socialized, there will be no safe place for the productive members of the nation to protect their wealth within the US borders. America’s wealth will find homes in friendlier nations. Ditto for US corporations.

The decline of America’s prosperity will officially begin on January 20, 2009. Hello Obama; Goodbye America.