Capitalism Under Siege

Taking Back America

2010-07-24T16:35:00.001-04:00

One individual the mainstream media will not tell you about is Herman Cane. If you want to know how to take back this country, simply watch the below video. We may even see Herman leading up to November 2012, but the focus now is on November 2010.

h/t: Michelle Malkin & Doug Powers

MSNBC Pans Obama's Oval Office Oil Speech

2010-06-15T22:49:00.001-04:00

Even the liberal media is recognizing that the Obama administration lacks the experience to lead the country. The video can be seen at Real Clear Politics.

Van Jones Out: More House Cleaning Remains

2009-09-06T11:41:00.003-04:00

At the midnight hour late Saturday, the White House issued a statement noting Van Jones is resigning as one of its czars. Releasing this statement at the late hour insured it would not be included on the Sunday newspapers, not that the mainstream media would report it anyway!

This needs to be just the start of clearing this administration of its far left ideologues.

We must keep the pressure on Congress.

The Truth and Problems with Government Running Business

2009-08-11T21:20:00.001-04:00

Today in a town hall meeting conducted by President Obama, he stated that AARP has endorsed the governments health care plan. In fact the AARP HAS NOT endorsed any government proposal. The AARP issued a statement:

"While the President was correct that AARP will not endorse a health care reform bill that would reduce Medicare benefits, indications that we have endorsed any of the major health care reform bills currently under consideration in Congress are inaccurate."

In another part of the town hall speech where President Obama says private industry can compete with the government, he uses an analogy of FedEx and UPS competing with the post office. President Obama states,

"UPS and FedEx are doing just fine. It's the Post Office that's always having problems"...

So now we have a government that can't run the post office, they can't run cash for clunkers, can't run social security. I think voters should be getting the picture.

We do not need government trying to run the entire health care system.

And You Want The Government Running Health Care?

2009-07-30T22:18:00.000-04:00

Stimulus money funds pornography. Includes video of one film that was funded.

Wasteful transportation spending. "The Highway Trust Fund -- created in 1956 to maintain the country's highways and bridges -- allocated $2 billion to preserve 5,547 facilities for pedestrians and bicyclists, including $878,000 for a pedestrian and bicycle bridge for a Minnesota town of 847 people."

Cash for clunkers program to be suspended. Government has backlog of refunds so does not know amount of the $1 billion program that has been spent. Can you image what they will do with health care: suspend all surgeries for a week!

Contact your representative during August and tell them to vote no on the health care bill!

Government Health Care Bill: It Is All About Rationing

2009-07-26T09:09:00.002-04:00

Americans need to understand the proposed government health care is all about rationing care. A large number of the provisions in this bill are just sickening. Below is a link to the House version of the bill.

House Version of Health Care Bill (PDF)

Page 16. Eliminates private health insurance by banning future enrollments.
Page 425 (bottom of page 424). Requires individuals to go through end of life counseling every five years.
Page 407. Community organizations, i.e., ACORN, receive grants to enroll new members.

Betsy McCaughey, PhD, former Lt. Governor of the State of New York, has read the bill in its entirety. Her interview on the Fred Thompson shows is a must listen to audio clip:

Fred Thompson Show Interview: Betsy McCaughey

Passage of any version of this bill will be disastrous as it relates to our current health care system. This is not to say we don't need to make changes in our current system. It's simply the plan being proposed by Congress is far from the right way to approach it.

Lastly, we hear politicians touting the European health care system and how the U.S. system needs to move in that direction. A recent article in Forbes, Sweden's Public Downsizing, contains an interview with the country's Finance Minister noting how their welfare state has nearly bankrupt the country. The country is moving away from the welfare state model.

An excerpt:

...the 1970s and 1980s were lost decades for Sweden. Left-leaning politicians pushed government spending, excluding investment outlays, from 22% of gross domestic product in 1970 to 30% in 1980. Real growth fell from an average of 4.4% annually in the 1960s to 2.4% in the 1970s and remained low for the next two decades. "Like many societies, we went too far in our welfare-state ambitions," says Borg

Climate Change Is A Farce

2009-06-27T12:34:00.000-04:00

The Democrats are trying to cram climate change legislation through Congress because more and more scientific data debunks the myth that climate change is man made. Countries outside of the U.S. realize that prior arguments by environmentalist that climate change is man made is a farce.

A recent Wall Street Journal editorial, The Climate Change Climate Change, noted the increase in skeptics of climate change.

In April, the Polish Academy of Sciences published a document challenging man-made global warming. In the Czech Republic, where President Vaclav Klaus remains a leading skeptic, today only 11% of the population believes humans play a role. In France, President Nicolas Sarkozy wants to tap Claude Allegre to lead the country's new ministry of industry and innovation. Twenty years ago Mr. Allegre was among the first to trill about man-made global warming, but the geochemist has since recanted. New Zealand last year elected a new government, which immediately suspended the country's weeks-old cap-and-trade program.

The number of skeptics, far from shrinking, is swelling. Oklahoma Sen. Jim Inhofe now counts more than 700 scientists who disagree with the U.N. -- 13 times the number who authored the U.N.'s 2007 climate summary for policymakers. Joanne Simpson, the world's first woman to receive a Ph.D. in meteorology, expressed relief upon her retirement last year that she was finally free to speak "frankly" of her nonbelief. Dr. Kiminori Itoh, a Japanese environmental physical chemist who contributed to a U.N. climate report, dubs man-made warming "the worst scientific scandal in history." Norway's Ivar Giaever, Nobel Prize winner for physics, decries it as the "new religion." A group of 54 noted physicists, led by Princeton's Will Happer, is demanding the American Physical Society revise its position that the science is settled. (Both Nature and Science magazines have refused to run the physicists' open letter.) emphasis added

The collapse of the "consensus" has been driven by reality. The inconvenient truth is that the earth's temperatures have flat-lined since 2001, despite growing concentrations of C0₂. Peer-reviewed research has debunked doomsday scenarios about the polar ice caps, hurricanes, malaria, extinctions, rising oceans. A global financial crisis has politicians taking a harder look at the science that would require them to hamstring their economies to rein in carbon.

A recent Bloomberg article, Big Oil's Answer to Carbon law May Be Fuel Imports, notes the competitive disadvantage U.S. refiners will face if the climate change legislation passes in Congress. Far from limiting our reliance on imports, the legislation will actually force oil companies to increase the importation of fuel products in order to remain competitive from a price perspective.

The same amount of gasoline that would have $1 in carbon costs imposed if it were domestic would have 10 cents less added if it were imported, according to energy consulting firm Wood Mackenzie in Houston. Contrary to President Barack Obama’s goal of reducing dependence on overseas energy suppliers, the bill would incent U.S. refiners to import more fuel, said Clayton Mahaffey, an analyst at RedChip Cos. in Maitland, Florida.

“They’ll be searching the globe for refined products that don’t carry the same level of carbon costs,” said Mahaffey, a former Exxon Corp. refinery manager.

The equivalent of one in six U.S. refineries probably would close by 2020 as the cost of carbon allowances erases profits, according to the American Petroleum Institute, a Washington trade group known as API. Carbon permits would add 77 cents a gallon to the price of gasoline, said Russell Jones, the API’s senior economic adviser.

In the end, proponents of climate change legislation are attempting to ram the legislation through Congress since the scientific data no longer supports the contention that CO₂ emissions are actually causing global warming. The truth is the earth's temperature remains unchanged since 2001.

U.S. Moving Rapidly Towards Marxism According To Pravda

2009-05-31T15:42:00.001-04:00

The Russian newspaper, Pravda, notes in an article, American Capitalism Gone With A Whimper,

"the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people."

The article goes on to say,

"Prime Minister Putin, less then two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster. Apparently, even though we suffered 70 years of this Western sponsored horror show, we know nothing, as foolish, drunken Russians, so let our "wise" Anglo-Saxon fools find out the folly of their own pride."

When will Americans wake up to the sham being forced on them by the current administration?

The Risk To Capitalism

2009-05-17T19:28:00.001-04:00

The below article is a speech given by Mark Steyn at Hillsdale College. Mr. Steyn's speech describe the process and negative consequences of moving from a capitalistic society to a socialistic one. This is a must read.

Live Free or Die

Publish at Scribd or explore others: Finance Business & Law capitalism

Obama Administration Attacks Chrysler Bond Holders

2009-05-03T14:14:00.001-04:00

The Obama administration noted that the Chrysler bondholders should have caved for the good of the country.

"He described these "holdouts" as unwilling to make the sacrifices that the company, the banks, the workers, the pensioners (all on the government dole) and the taxpayers had been prepared to make for the good of the country." according to a New york Post article, Funds Hoodwinked.

Chrysler Lenders "Threatened by White House": Attorney @ Todd Sulivan's Valueplays

Nationalization of Banks by the Obama Administration

2009-04-19T23:12:00.001-04:00

The New York Times reports the government is contemplating converting some of the bailout funds into equity shares of banks.

The Financial Times published an article today noting the Obama administration is considering changing repayment terms of TARP. The article notes:

banks that had plenty of capital and had demonstrated an ability to raise fresh capital from the market should in principle be able to repay government funds. But the judgment would be made in the context of the wider economic interest. He said the government had three basic tests. It needed first to “make sure the system is stable”. Second, to not create “incentives for more deleveraging which would deepen the recession”. Third, to make sure the system had enough capital to “provide credit to support the recovery”.

Only 53% of Americans Say Capitalism Better than Socialism

2009-04-09T09:48:00.000-04:00

In a recent survey by Rasmussen Reports, results indicate only 53% of Americans belive capitalism is better than socialism. Rasmussen notes:

It is interesting to compare the new results to an earlier survey in which 70% of Americans prefer a free-market economy. The fact that a “free-market economy” attracts substantially more support than “capitalism” may suggest some skepticism about whether capitalism in the United States today relies on free markets.

Source:

Just 53% Say Capitalism Better Than Socialism
Rasmussen Reports
April 9, 2009
http://www.rasmussenreports.com/public_content/politics/general_politics/just_53_say_capitalism_better_than_socialism

Government Exerting Control Over Companies

2009-04-08T00:11:00.001-04:00

Pennsylvania, Rendell and Johnson & Johnson-(Wall Street Journal)

The government backs your warranty! (Townhall.com)

Government will dictate GM board (Washington Post)

Stimulus for Tiger Stadium? (American Thinker)

Democrats target the internet. (American Thinker)

IRS Questions Pay of Charity Executives (Wall Street Journal)

Is Rand Relevant? (Ayn Rand Center)

Government refuses TARP repayments (Wall Street Journal)

Capitalism Is Being Threatened

2009-04-07T22:38:00.002-04:00

The ever increasing intrusion by government is threatening free market capitalism upon which this country was founded. Going forward I will provide links to relevant articles/posts that highlight the ever increasing threat upon our capitalistic economy.