Now, to try to cover their black eye, the democrats are scrambling to try to tax the bonus money away from the AIG execs, and any other companies that receive bail out money. The disappointing thing is that many of the House Republicans have joined in on this pitchfork like assault on the company, without any thought of the consequences. Fortunately, this time it is Senate Republicans that are making the congress slow down and reconsider their actions. The democrats are trying to hurry the legislation through, taxing 90%+ of the bonus money.
According to an article posted at Fox News, the bill would not only tax bonuses in the future, but would be retroactive to January of 2009. Isn’t that a great idea? The government deciding that they can go back in time and take money away by taxes that you earned in the past? Now, I know that many people are upset about these bonuses, and I am one of them. But, can we not see the precedent that is set by this thinking? There are at least two principles that are very serious in nature here. First, the idea of the government taxing 90-100% of any one’s income is ludicrous. Secondly, the idea of taxing money that was made before legislation was passed. Simply put, if the government decides that you make too much money, then they can pass legislation to go back and get “their share.” Of course, we invited this kind of problem by electing a man that promised class warfare–taxing people more if they make more than a predetermined amount of money ($250,000 currently).
The bottom line here is that the government needs to stop helping. None of this would be an issue if they had not foolishly decided to spend nearly $800 billion to bail out companies that were practicing bad business and running themselves out of business. AIG would not have tanked the whole economy…they would have restructured, and cut the fat. They would have cut out the unprofitable sections of the business, and probably would have recovered. But, even if they failed, some other company would step up to fill the void. It happens every time if the government doesn’t decide to “help”. That is why we are a capitalist nation, not a socialist nation. If you haven’t figured it out yet, socialism has never worked, and the Obama Administration’s new flavor isn’t working either. It just causes more and more problems.
We do not need more legislation trying to fix a bad problem. This administration messed up. They appointed Geithner (who is supposed to be the smartest man in America, and yet can’t figure out how to pay his own taxes) to the Treasury Secretary. He has blown every opportunity to improve the economy, only making it worse. It is time to stop trying to fix things with bad principles. But, I know that probably isn’t going to happen. We will see more of the same in the months ahead. We will see the congress rushing to try to fix things that they “didn’t see coming” and yet are so obvious to the rest of us.
Note to companies: if you don’t want the government running you, don’t take their tainted money!
]]>Seriously, if you can get past the revolting view behind the president, you might hear a bit of what he is saying. There is some irony to the speech. The whole speech is about how much more of your (and my) money he is intending to spend. This is beyond the almost 900 billion that he spent last week, and the 200 billion that he spent this week. Oh yeah, and then he had a “Fiscal Responsibility Summit” at the White House yesterday. Dick Morris said in an interview yesterday, “That’s like having Mike Tyson convene a summit on domestic violence.” Yeah, that pretty much sums it up. It would be funny if it were not so serious. Ok, it is funny. We might as well laugh, cause the government will be laughing all the way to the bank. Probably the bank they will be bailing out next week. Ok, I said seriously, but I guess I really didn’t mean it.
I am amazed that people think that all of this spending is going to be a good thing. President Obama just told us in this speech that he wants us to have a “cradle to the grave” society. We have to make sure that everyone has everything that they need from the time that they are born until they die. From this speech, all I have found out is that we are in a world of hurt financially. There is no way, without huge tax increases that we can possibly pay for all the pet projects of this President. But, we might as well get ready for it, as there is no way to stop it with the current political environment.
Now to his great plan for the deficit. He tells us that he will cut the deficit in half over the next four years. Folks, there is only one way for that to happen. Tax increases are coming. If you believe this line that your taxes aren’t going up unless you make over $250,000, then I have some property you might like to buy. You see, Obama is still saying that 95% of working families will get a tax cut. Do you ever wonder how 95% can get a tax cut when only 62% pay taxes? If you do that math, it means that people who do not pay taxes will be receiving a check. Folks, it is not from the government they are getting that check, it is from the 62% of us that already pay! If you can’t figure out what that is called, let me help you out. It’s socialism.
I think I must be watching a Saturday Night Political special. The man impersonating the president just made the statement that he was proud that they passed the recovery plan that had no earmarks. No earmarks? I guess he didn’t read it either…like all the rest of the democrats that voted for that monstrosity.
Obama tries to act like he is going to be tough on terrorism? You have to be kidding me! There was no one tougher on terrorism than President Bush, and we know that because we have a prison full of terrorists at Guantanamo Bay. At least we did. Until President Obama decided that we need to shut it down, regardless of the fact that all investigations have shown that it has been run in compliance with the Geneva Convention. President Obama promises that he will make us safer? How? By allowing the terrorist to walk out of prison and back into the general populace, just like he did yesterday? Let’s ask the family members of the USS Cole whether this was a bright idea or not.
Folks, the “other shoe” dropped for me yesterday. I was trying to figure out why the dems had to push the spending bill through, and inserted so much garbage that should have been voted on in the general budget. I got the answer when I found out that the president was going to cut the deficit in half over the next 4 years. Then, I heard that the bailout was not a part of the “budget”. That’s right, it doesn’t count in the deficit, even though it is nearly a trillion dollars on the books. So, they got their spending, without having it go against the budget. I think I will do that with my “budget” at home. I’ll just count my spending on my pet projects as not being “in the budget” so that I don’t have to worry about it when I pay my bills. Yeah, it doesn’t work that way, and it shouldn’t work that way with the Obama administration either. They intentionally put their earmarks in the bailout so that they didn’t have to try and get it passed in the budget. Dishonest? Yeah. There is also hypocrisy in the complaint that he “inherited a trillion dollar deficit”, when he was a part of bringing on that deficit (he voted for the budgets as well), and he spent a trillion dollars himself! I guess if the Republicans are responsible, then it is bad, if the Democrats are responsible, then it is good. Here’s a newsflash–Both are bad!
This speech was proported to be “Reaganesque”. There is no way that President Obama will ever be like Ronald Reagan. I’m not sure why he wants to be. It is funny to me how he tries to allign himself with the greatest of Republican presidents (Lincoln and Reagan), when in fact he is nothing like them. The media has him as one of the greatest presidents ever, even though he has only been president for 35 days. It’s not possible to be among the greats in that short a period of time, but it is possible to be one of the worst. He is well on his way on that side. He has spent a tremendous amount of money for things that are unnessesary. So, Reaganesque? Not so much. I wish he would compare himself to the presidents that he is really like–FDR maybe?
Now, I am waiting on Bobby Jindal to speak. I am hoping that he is going to be the answer fo those of us who are conservative fiscally and morally. He is already turning down the stimulus money–more should do it! We are only 35 days in…but there is some hope in 4 years!
]]>Quite frankly, if this man was as great as all the dems keep telling us he is, they wouldn’t have to keep telling us. Every time Pelosi opens her mouth, she is praising this man like he truly is the messiah they claimed him to be in during the election. This type of leader worship is nothing new to the world. There have been many such “great leaders”, and President Obama seems to be in their mold. Hitler. Stalin. The Caesars. Seriously, did you all see the nutcase at one of his town hall meetings? You know, the ones where he only allows in the cry babies who demand that the government give them all that they want. This guy wants Obama to give him more benefits for working at McDonald’s. Yeah, step in there President. I know I want to pay $10 for my Sausage McMuffin.
The only thing different between that guy’s worship and that of Nancy Pelosi is that she was slightly more reserved in her demeanor.
Back to this bloated Spending Bill. You can deceive yourself into believing it is a stimulus bill if you want, but you are just as insane as the Democrats who passed the bill in the House. This bill is a waste of my money. If you want to stimulate MY economy, give me my money back. Give the small businesses their money back so that they can hire another person. Give the big corporations some money back, so that they can hire a lot more people. If Pelosi thinks this is the biggest tax cut for middle class Americans ever, it is no wonder she can’t see how bad this bill is. She simply cannot do the math. I’m middle class, and I got a whole lot more money from the Bush tax cuts than I will get from this farce of a “tax cut” involved in this ridiculous spending bill.
Folks, we are going to get this monstrosity of a bill shoved down our throats. The Dems in congress are following along after Barack Obama blindly–they are voting for this simply because he said it is the right thing to do. How do I know this? They have not had nearly enough time to read the bill, let alone understand it well enough to make an informed decision. Heil Obama. Goosestepping and all. I am not surprised that the Dems had to force this through quickly. Regardless of Pelosi’s claim that this is “for the American people”, those of us with our eyes open can see that this will be good money thrown after bad. It is not going to help me and you. All this is going to do is give even more power to the government, making sure that they have control over nearly every aspect of private enterprise (there’s a concept that won’t be with us much longer!) Where in the world are the honest, and honorable Democrats who will stand up and make a decision for themselves? I’m with Glen Beck on this one. Go ahead and vote for it, but at least make an informed vote! Read the bill, and study the impact first. Don’t just do something so that you can go on TV and tell the American people that you did something. Or, as in the case of Nanci Pelosi, vote for something so that you can get on your way to Europe to rub elbows with your fellow socialists.
We have learned much through this process. We have learned that Barack Obama was certainly not honest in his inaugural address, when he said that the government under him would be transparent, and that they would change the way of doing things in Washington, and that they would be more accountable to the American people. None of that is true. This is his first major legislation, and he has already violated all of those principles! Transparency? We aren’t even allowed to know what is in the finished bill before it is being voted on. The speed with which they have moved is astounding, leaving little to no time for debate, and certainly keeping the constituents of these congressmen in the dark so that they cannot possibly voice their opinions (at least intellegently) to their representatives. This follows the pattern that has been established: The government knows better what to do for you, and how to do it, than you do. You don’t need to have any real imput.
I am proud of the House Republicans for standing up to this arrogance and bullying from the White House and their collegues in the House. They were not going to be buffaloed into voting for a bad bill. When (not if) this nonsense causes even further problems, at least the Democrats cannot try to “share” the blame. Now, if the Senate Republicans would take a stand. I think most of them will, but I’m sure the Dems can count on at least 3 RHINOs to step up and help them out…they got them the first time around. I guess Arlen Specter likes to be wined and dined in the White House (as Laura Ingram said).
This is a trillion dollar bill. I know, if you are like me, you can’t really comprehend that much money. The Democrats are counting on that. We are so hardened to the concept that we (as a society) swallow bills like this hook line and sinker. But, remember, this is just the beginning. Nanci Pelosi is so proud that Obama has been able to spend this much money in just a few weeks. Go ahead and multiply that out over the next four years. Yeah, my calculator doesn’t even go up that high. Get used to it. We will be spending a ton of money over the next 4 years (if we are lucky, it won’t be 8), and we will never be able to repay it. Your great-grandchildren will be paying the debt, and probably won’t even be close to getting it paid off.
Will we ever get back to a time of fiscal responsibility? It is time to cut the spending, put money back in people’s pockets, and stop trying to rely on government to fix everything all the time. Get over it America. Ingenuity has popped us out of depressions before. Quit whining and get to work on something new. If RVs aren’t selling, figure out how to make something that will sell. Have a little pride. Don’t ask the government to bail you out–do it for yourself!
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