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"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

March 20, 2009 Archives

BOORTZ ON TV

By
Neal Boortz
@ March 20, 2009 11:08 AM
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I guess CNN changed their minds. I'll be part of a panel discussion on AIG & Congress with reporter Don Lemon during CNN Newsroom Saturday, March 21st at 7PM ET. This might be fun!

PSA

By
Neal Boortz
@ March 20, 2009 10:08 AM
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Since it's an anything goes Friday...if you don't know what Twitter is, here is your primer. If you are familiar with it, you'll get a good laugh from this.


Yesterday's vote in the House was completely expected. Overwhelmingly, your representatives in Washington voted huge taxes on bonuses for AIG employees. Nancy Pelosi said, "We want our money back and we want our money back now for the taxpayers." Funny .. after recently passing a bill with more than 8,000 earmarks worth over $400 billion, the hollow-eyed hippy from Haight-Ashbury and her flying monkeys are suddenly worried about the taxpayers.

First point. It is not "their" money. The money, whether you like it or not, belongs to the people to whom they were paid. Those bonuses were paid pursuant to a valid contract and are now the rightful and legal property of the payees. Let's us also remember that the amount paid in those bonuses was less than one-tenth of one percent of the bailout money received by AIG. Remember, though ... politicians believe that ever penny you earn actually belongs to the government. In the official language of Washington any money from your paycheck that these political hacks allow you to keep is a "tax expenditure." You earned it ... but if you're allowed to keep it they treat it as a government expenditure. To the Democrat mind, and in the mind of all too many Republicans, all wealth is owned by government. Produced by the people, but owned by government.

Second point. This is absolutely unconstitutional. Con su permisio I'll explain.

So the House succeeded in passing a 90% tax on bonuses given to employees of AIG and any company receiving at least $5 billion in bailout money. But only with those evil rich employees whose family income is above $250,000 a year will have to pay this 90% tax.

You just cannot like what you're seeing here. These politicians are targeting specific individuals out there who have received some money that the politicians, for political purposes, just do not want them to have. So they pass a law allowing the government to seize that money. Can you imagine where this goes from here? How about Ann Coulter? She delights in writing books that just irritate the ever-luvin' puddin' out of Democrats and liberals. Let's say that one of Nancy Pelosi's flying monkeys reports to the Princess that Coulter made $1.5 million from her last book. This money was legally paid to Coulter pursuant to a contract. Sound familiar? But Pelosi feels that Coulter has made this money by promoting divisiveness in the population, so she decides that punishment is in order. She then has her minions pass a bill establishing a 90% tax on the royalties from all books and writings that promote political dissention and defame public servants in the Congress of the United States. Come on now, you tell me the big huge difference between a confiscatory tax on legally earned bonuses and one on legally received book royalties.

This is going nowhere folks. It will never make it through the Senate. If the members of the House had any appreciation at all for the Constitution it wouldn't have gone this far. And why, pray tell, would that be? That would be because of one pesky little clause found in our (once) supreme law of the land.

Article 1, Section 9, Clause 5 - United States Constitution

"No bill of Attainder or ex post facto law shall be passed."

Do you know what that means? The key is the word "attainder." Let's go to Websters: It's a 15th century word meaning "extinction of the civil rights and capacities of a person upon sentence of death or outlawry usually after a conviction of treason." A definition, this one from the Catholic Encyclopedia, describes "bill of attainder" thusly: "A bill of attainder may be defined to be an Act of Parliament for putting a man to death or for otherwise punishing him without trial in the usual form. Thus by a legislative act a man is put in the same position as if he had been convicted after a regular trial."

Well, in this case the Congress isn't trying to put anyone to death ... they're just trying to steal some money. They are trying to deprive some individuals of property that is rightfully and lawfully theirs without accusing them of a crime and without the benefit of any trial ... except, that is, for this trial that has been taking place in the media for the last week. Well, there's that pesky little Constitution again. A man cannot be deprived of life, liberty or property without due process, and in our country due process means a trial before a jury of one's peers. Barney Frank et al are trying to take these people's money through legislative action without a trial. I would truly hope there isn't a federal judge in this country that wouldn't smack this idiocy down at the earliest opportunity.

This isn't about whether or not those people deserved those bonuses. Perhaps not. But the bonuses were paid pursuant to a legally enforceable contract. The property is theirs. Now we have politicians who are trying to take it away just because they're unhappy and embarrassed because they didn't take care of this little problem before the bailout money was paid.

On to the Senate. Let's hope someone over there has read the Constitution.


FORCING THE CAR MARKET

By
Neal Boortz
@ March 20, 2009 8:16 AM
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Yesterday Barack Obama decided that he wanted to throw more money at another problem. So he unveiled his plan to spend $2.4 billion for electric vehicle development. The plan also gives a $7,500 tax credit to people who buy plug-in hybrid vehicles.

So what's the problem? The problem is that there isn't a market for these vehicles. As of right now, hybrid cars only represent 2% of US vehicle sales, and it is deeply unprofitable for car companies. Just wait until the people buying those hybrids (and I have one myself) have to replace the batteries. You're going to hear howls of outrage then. My guess? The government will come in with some taxpayer-funded program to help people replace batteries in their hybrids. What fun.

In short .. Obama wants to give them money anyway to make cars that people don't want to buy. According to the LA Times:

Last month, only 15,144 hybrids sold nationwide, down almost two-thirds from April, when the segment's sales peaked and gas averaged $3.57 a gallon. That's far larger than the drop in industry sales for the period and scarcely a better showing than January, when hybrid sales were at their lowest since early 2005.

Yet automakers believe they have little choice but to make more hybrids. Though car buyers are losing interest, politicians are pushing them as key to reducing U.S. dependence on foreign oil and limiting the global-warming gases that cars emit into the atmosphere.

Did you know that the auto parts industry is also getting a bailout? Just another $5 billion of your tax dollars. No matter what happens to the recipient car company, the money will be paid. The payment of new bailout money to auto parts manufacturers is your sure sign that more bailout money is on its way to GM and others. BOHICA


I'M JUST SAYING ....

By
Neal Boortz
@ March 20, 2009 8:10 AM
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Will there be any griping and moaning about the $2 billion WalMart has just awarded its employees? Probably not. And do you know why? Because that money went to hourly employees. And to wealth-envy Americans, these are the people that really deserve the bonuses. Not the people who manage those employees, or manage the payroll .. those people are evil. But the people who make sure that the video game isle is clear for the dumb masses .. it's okay to give those people bonuses.

On the other side .. Democrats just love to demonize WalMart because it doesn't have a unionized workforce. When the Democrats get their beloved card check bill passed, WalMart is going to be one of the first targets, if not THE first. Some rating agencies have already reduced the rating they give Wal-Mart on the expectation that Wall-Mart will be hurt badly by the Unionization by Intimidation bill. But if Democrats were really worried about workers rights and a living wage and proper benefits, then I'll bet they are just livid to hear that WalMart is awarding roughly $2 billion to hourly employees, which includes $933.6 million in bonuses, $788.8 million in profit sharing and 401(k) contributions, millions of dollars in merchandise discounts, and contributions to its employee stock purchase plan. That hideous corporation! Doesn't WalMart know that these Democrats are trying to make people MORE reliant on government?


TODAY'S GUEST

By
Neal Boortz
@ March 20, 2009 8:08 AM
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Today on the show we are going to talk to the Lord Monckton. He's from Great Britain, and he is internationally renowned for his critical view of global warming. He publicly challenged OwlGore to an open debate on climate change, and can you guess the response? OwlGore ignored him. Go figure. Because when you are trying to defend something that know cannot be scientifically proven you don't want to get into a debate with someone like Lord Monckton. So we are going to have him on the show today at 10:35 EDT.

What do I call him? Lord? Well, anyway ... the Lord is coming to the Neal Boortz show in the first hours of syndication.

And speaking of global warming. One of our favorite global warming moonbats is at it again. Do you remember James Hansen of NASA's Goddard Institute? He's the one that has been called an embarrassment to NASA for his blind belief in this global warming hoax. Anyway, Hansen has his boxers in a bunch because the democratic process isn't working fast enough to appease his global warmers. He says that corporate lobbying has undermined democratic attempts to curb carbon pollution. Hansen says, "The democratic process is supposed to be one person one vote, but it turns out that money is talking louder than the votes. So, I'm not surprised that people are getting frustrated. I think that peaceful demonstration is not out of order, because we're running out of time."

If you missed our little chat with Lord Monckton, we're going to put it in next week's Boortz Blast newsletter. If you don't already get it, sign up here.


OOPS....

By
Neal Boortz
@ March 20, 2009 8:06 AM
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You know the Kennedys couldn't have been too happy about this:


READING ASSIGNMENTS

By
Neal Boortz
@ March 20, 2009 8:05 AM
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Eric Holder .. give me a freaking break. He is seriously considering releasing Gitmo detainees in the United States? Coming soon to a theatre near you, some strange looking man with a big belt.

Jamie Dupree was on top of this story yesterday about 13 firms receiving federal bailout money owe back taxes. What the hell .. so did the Treasury Secretary.

Here's a headline that you probably didn't think you would see for the next 4 years: Obama struggles as a communicator. Well no kidding. I made a 75 minute speech last night to 1200 people ... never used a teleprompter.

The United Nations wants to create a $750 billion "Green New Deal." That sounds about right for the UN .. all in the name of redistributing wealth .. America's wealth.

The loss of Wall Street bonuses is having a serious affect on the real estate market in Manhattan. Yeah, most of you could care less about those evil, rich Wall Street New Yorkers.

A study shows that wages for legal workers rose after immigration raids. Duhhhhh.

Joe Biden apparently is on the naughty list for the swimming pool crowd after his comments about swimming pools included in the economic stimulus package.

But apparently Joe is "serious" .. he really doesn't want cities to spend money on swimming pools. Or tennis courts. Or golf courses. What about water slides??

What are the government schools up to in Dallas? Students are being forced to participate in cage fights. Good. It will make men out of them.

Have you seen this picture of Vladimir Putin as a KGB officer, posing as a tourist with Ronald Reagan?

Gag me .. Joy Behar, one of those twits on "The View", has a children's book about Obama's "rise to power."

And now for the world's oldest pooch! (No, I'm not talking about Coco)


Jamie Dupree's Blog

If you enjoy Neal's daily chat with Jamie Dupree, you'll love Jamie's Blog! Check it out for analysis of the campaigns and goings on in Washington D.C.

Belinda Skelton, Cristina Gonzalez and Laura Nunemaker assist in the daily preparation of Nealz Nuze!


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What others are saying

  • Thank you Lord!
    How great to hear Lord Monchton's talk about the cab driver in the UK who took their gov't to court and won. The cabbie he didn't want the school system brain washing his child (and other children who are after all captive audiences) re the global warming and its faulty research. For another great source, see the book by Christopher Horner: "Red Hot Lies--How global warming alarmists use threats, fraud, and deception to keep you misinformed" I would love Boortz to interview Chris Horner on his show sometime. Here is a great sample quote from Horner: "...Why the nasty tactics? Why the cover-ups, lies, and intimidation? Because Al Gore and his ilk want to use big government at the local, state,...to run your life, and they can brook no opposition. But the actual facts, as Red Hot Lies makes clear, aren't nearly as scary as their fiction." One of the really scary things is they are forcing this garbage on school children some of whom are developing neuroses based on guilt and shame bec. they are led to believe their very birth and life is causing the planet to die! There are cases of children believing in order to save the planet, they should die by age 9. The Greenpeace-type activists, along with main-stream media, have hijacked conservationism and they openly reject the notion of "balance."
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