Good evening, welcome to my first post. We are in difficult times right now. Our government is slowly selling our system down the river one log at a time. Lately though they are throwing the bigger logs into the water. We are currently moving headlong into throwing 1.2 trillion dollars, most of which goes directly into the toilet. The 1.2 trillion figure is the estimate of after interest of the 790 billion. Of course, I am talking about Obama's Stimulus plan. So welcome aboard on spaceship insanity.
I am really here to talk about business. I care about business, am a businessman, and make no bones about saying that I want to keep as much manufacturing as possible on these United States. The politics however, I don't seek to deal with. If we are going to talk about business though we have to talk about the legal culture that we currently live in. Precisely, we need to be talking about the laws that can effect business for better or worse.
I know the life that hard work and determination can lead to and that the American dream is not dead in the hearts and minds of many Americans. But while we pine for what we were raised to believe in, that very dream is being pulled out from beneath our feet. Take for instance, the Employee's Free Choice act is now being offered as the solution for raising the worker up. But the specter merely could serve to further impede growth of manufacturing. If you are not familiar with the EFCA I suggest you read up. Maybe create a google alert, because if this bill passes, you and I could very well see our corporate jobs go up in smoke. I will explain this in detail in later posts.
Examine the Fairness Doctrine, the plan to impede free speech by seeking to silence conservative voices. This is loss of freedom, this is the loss of the constitutional right. Do not let it occur. We have an opportunity to speak up but as you read up on this subject and others remember that we have a necessity to call hypocrisy out as we see it. Liberals who call for the Fairness Doctrine are hypocrites. They fail to recognize that they control nearly every piece of major media except for a couple. They want to silence the couple they don't run.
Liberals right now control the rational discourse in the economy, they control academe, upper echelon media, networks, and those that do not foist the opinion of the power elite in these organizations do not last. Look I want this to be a better, less grim reality. My father voted Obama this year. I have not forgave him for this even though my bible tells me I must. We are headed in the wrong direction and I am not happy about it. Are you?
Here is some line items that will be law shortly, I want us to look at these together and decide whether they will stimulate the ,economy and if so, how? (As quoted from Marketwatch.com 1/28/09). Comments in green are mine.
"Here are the chief provisions of the bill:
Tax cuts Less tax more money in everyone's pocket right? 245 Billion on tax breaks, OK so we start off on the right foot. Sort of.
Payroll-tax holiday: $99 billion
Expanded earned-income tax credit: $25 billion
Tuition tax credit: $10 billion
Business expensing tax breaks: $90 billion
Renewable-energy tax credit: $20 billion Really banking on foisting renewables now. Is this going to jumpstart us?
Relief
Expanded unemployment insurance: $42 billion For all those about to lose their jobs. I am not trying to be grim here but the thought is that with the amount of people that stand to lose their jobs currently, we could be facing 10-15% unemployment by end of year 2009.
Health insurance for unemployed: $40 billion I understand this is to be expansion of COBRA rights and may allow those losing jobs to obtain subsidized healthcare for a period of time. This is temporary socialized healthcare in other words.
Expanded food stamps: $20 billion I am not going to be callous and start saying we should cut out the poor.
Housing assistance: $11 billion Obviously, how this is spent is key.
Supplemental Security Income payments: $4 billion
Welfare: $3 billion
Infrastructure In my view, this is where it gets real ugly. Remember as you read - the central question is, does this stimulate economic growth by giving citizens more buying power?
Highways: $30 billion Let's fix some potholes people, our economy is crumbling and our companies are offshoring! 30 Billion, pretty large sum dont you think? Look at the infrastructure type stuff we are doing here - this is absolutely an appropriations bill. Remember what those are from Poli. Sci 101?
School renovation: $20 billion Wrong bill, wrong time.
Health information technology: $17 billion
Transportation projects: $16 billion Really stretches my brain trying to imagine how this is going stimulate growth.
Water projects: $8.4 billion Oh come on! You know what I am going to say.
Military and V.A. construction: $7 billion
Accelerated deployment of broadband: $5.6 billion But Chad, it will be so cool to have broadband everywhere, even my car. Wait, shouldn't business be worried about that?
Help for state and local governments I am in California and trust me, in case you don't know, we are in our own statewide economic panic/crisis so maybe I should refrain. On second thought, nah!!
Medicaid cost sharing: $87 billion Uh yeah, riggggght!
State grants: $79 billion No better way to piss away money than state grants. Save the economy my ass. Look at the price tag one more time on that sucker.
State and local bond tax credit: $42 billion Watch out, the bond market is going to go nuts. They are going to use this junk debt to scrape flies off of the trucks on our brand spanking new interstate system.
Community development: $5 billion Somehow, I am guessing this goes back to sweet home Chicago right Barry?
Rural development: $4 billion
Energy efficiency Ok - come on, someone tell me how this helps dig our economy from losing jobs, come on I am waiting. And look... there is more below! But I am going to leave the energy stuff alone. I think you get the drift now. You smell what Barack is cooking. It is wafting mightily underneath the door of that smoke-filled room.
Federal energy-efficiency projects: $22 billion
Energy-efficiency grants: $18.5 billion
Smart electric grid: $11 billion
Renewable-energy loan guarantees: $8 billion
Human capital
Education programs: $29 billion
Pell grants: $18 billion
Job training: $4.6 billion
Scientific research: $3 billion
Look, Obama wants to payroll a whole army of citizens. Instead of manufacturing now we are just building. He is going to get just that, and guess what, this bill never sunsets. These programs, they live in perpetuity. Welcome to hell folks. You voted him in, now get used to this BS! Republicans, do you want to get voted back in - FIGHT TOOTH AND NAIL.
-See you tomorrow
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