Friday, July 10, 2009

New Stimulus Bill Would be Third, Not Second

The Economic Stimulus Act of 2008 (Public Law 110 - 1850).

Do you remember that one?

Oh yeah, that one.

It's the one where the government tried to stimulate the economy by throwing checks at everyone.

The stimulus package was passed by the Democrat controlled U.S. House of Representatives on January 29, 2008, and in a slightly different version by the Democrat controlled U.S. Senate on February 7, 2008.

The Senate version was then approved in the House the same day.

The bill was signed into law on February 13, 2008 by President Bush with the support of a majority of Democrat lawmakers, as well as a minority of Republicans.

The law provided for tax rebates to low- and middle-income U.S. taxpayers, tax incentives to stimulate business investment, and an increase in the limits imposed on mortgages eligible for purchase by government-sponsored enterprises (e.g., Fannie Mae and Freddie Mac).

The total cost of this bill was projected at $152 billion for 2008.

Thus, any new stimulus bill would be THE THIRD STIMULUS BILL.

Why, after two failed stimulus efforts attempted by simply throwing money at the problem, would we want another stimulus effort that throws even more money at the problem and would most likely fail, too?

Isn't it time to start thinking about tax breaks and incentives to stimulate the economy?

Labels: , ,

Thursday, July 9, 2009

Tran$parency: $18M Being Spent to Redesign Web Site

The General Services Administration said yesterday that $18 million in taxpayer funds are being spent to redesign the Web site.

Read it.

If you think $18 million spent to redesign a government Web site is "fraud, waste or abuse" of tax dollars, report it here.

Labels: , ,

Wednesday, July 8, 2009

Govt Report: Housing Market Crash Traced to Govt Intervention

A report released by the House Committee on Oversight and Government Reform finds that the housing bubble that burst in 2007 and led to a financial crisis can be traced back to federal government intervention in the U.S. housing market.

The report’s findings are particularly significant and relevant since President Barack Obama’s announced financial reform initiatives do not include reforms to address flawed government housing initiatives.

One must keep in mind that the federal government has been under the watchful eye of Democrat majority control in the Senate and House of Representatives since 2006.

Read it.

Labels: ,

Tuesday, July 7, 2009

What's Wrong With This Picture?

President Barack Obama, left, and Kim Ghanbari put Navy Ensign shoulder boards on Ghanbari's husband, Haraz Ghanbari, during his commissioning ceremony in the White House Oval Office. Ghanbari is an Associated Press photographer assigned to the White House. (Photo by Pete Souza .)

Labels: , ,


Life as we know it in America is about to be destroyed.

How? Why?

Answer these questions and you may find part of the answer:

Why would a nation try to make itself poor?

Why would a nation surrender control over its destiny?

Why would a nation facing rising nuclear proliferation cut its own defense budget?

Why would a nation encourage illegal immigration and allow illegal aliens to vote?

Why would a nation elect leaders who do not work in the best interest of their constituents?

Why would a nation elect a president who apologizes for America and embraces tyrants?

Labels: ,