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Today's Nuze

"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.

May 11, 2009 Archives

This weekend volunteers from Alpha Team K9 Search and Rescue located the body of a missing murder suspect in Georgia. They do their amazing work at no charge. Hey look, they are a nonprofit. I'm sure they could use a few bucks to continue their work.


DID YOU KNOW .....

By
Neal Boortz
@ May 11, 2009 8:41 AM
Permalink | Comments (43) | TrackBacks (0)

... that Democrats are working for legislation that would automatically register to vote anyone who obtains a driver's license or who qualifies for welfare benefits? There is no move to automatically register anyone who actually obtains a job, becomes successful and pays taxes.

... that three-quarters of the budget "cuts" that Obama identified in his new budget come from defense spending, not discretionary domestic spending?

... that one species of bat has a tongue that is 150% longer than its body? It cannot, however, breathe through the top of its head ... so what's the point?

... that the people who make Hotwheels and Matchbox cars made more money last year than the people who make Fords, Chryslers and Chevys?

... that there are strong rumors that Nancy Pelosi is conjuring up a plan to place a tax against all outstanding pension and 401K plans? I know the Clinton administration was looking at this ... but thus far no solid evidence that Pelosi is on the same track.

... that you use about 50 pounds of toilet paper a year? We are 7 percent of the world's population, yet we use half of the toilet paper. Even more since January 20th.

... that the feds are cranking up some new mortgage programs designed to get low-income people into the wonderful world of home ownership? In other words, plans to make sure people who can't afford to buy a home can buy a home. This is what got us in trouble in the first place.

... that the Republican party has absolutely nothing going for itself right now! OK. So you knew that one.


Most of us are operating under this belief that the purpose of our appeals courts, including the Supreme Court, is to consider questions of interpretation of our laws in the light of prior court rulings and our Constitution. Yeah .. that might be what most of us think, but it is most certainly NOT what President Obama is thinking.

Sometime soon .. possibly this week .. Obama will let us know his choice to replace Justice Souter. I'm not looking for him to appoint anything resembling a strict Constitutionalist. Instead, he will appoint someone who treats the Court as merely a second legislative branch of government.

To understand just what kind of a Supreme Court Obama wants, just read this column from the Weekend editi8on of The Wall Street Journal. Back in 2001 a Chicago radio station interviewed the future president. The subject somehow turned to the Supreme Court. Obama told the listeners that he was disappointed that the Supreme Court has done little more than just defending peoples "formal rights." Obama wished that the Court had spent some more time addressing "more basic issues of political and economic justice." Uh oh. There's that "justice" word again. To me "justice" is when someone gets what they deserve. To the left "justice" is when someone gets what they want. And just what economic justice issue did Obama want the Supreme Court to spend more time addressing? Well .. how about "redistribution of wealth?" That's right! Back in 2001 Obama was telling how he wanted the Supreme Court to be a player in efforts to take money from those who earned it to hand to those who did not. There's Obama's Supreme Court ... taking wealth from those who earned it and giving it to those who want it.

There's still more change you can believe in.

Isn't this so much fun?


TOO BIG TO FAIL

By
Neal Boortz
@ May 11, 2009 8:35 AM
Permalink | Comments (35) | TrackBacks (0)

The White House has decided that private companies deemed "too big to fail" need to be policed by a supercop, and the White House is recommending the Federal Reserve play the role.

Last week, Obama's economic advisors had a meeting with representatives from banks, hedge funds and financial groups. These groups had suggested to the president that if the government insisted on regulating industries, that the task should be divided among various regulators. But that doesn't seem to be what the White House is going for. It wants a single independent regulator to monitor system-wide risk, and that one regulator "should be given better visibility into all institutions that pose a risk to the financial system, regardless of what business they are in."

So we aren't just talking the financial industry here. We are talking about any company that the government feels is too big to fail and would pose a risk to the financial system. Who in Congress has been chosen to lead the task for drafting legislation for such a supercop?? None other than slobbering Barney Frank.

This legislation, according to tax cheat Tim Geithner will include an "aggressive" package of reforms for the financial industry. That includes a fundamental overhaul of how the industry pays its senior executives. In other words, those evil bonuses will be a thing of the past.

This is a massive proposed increase in the control privately-owned businesses by government. But I don't have to tell you that, do I? What you may not know, however, is what you call this type of economic system --- a system where business is owned privately but owned by the government. The word would be Fascism.


BANKRUPTCY INEVITABLE FOR GM

By
Neal Boortz
@ May 11, 2009 8:32 AM
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Experts say that Chapter 11 bankruptcy filing is all but inevitable for General Motors. If it wanted to avoid bankruptcy, GM would have to persuade bondholders to swap $27 billion in debt for 10% of its risky stock. That's not all .. you also have the UAW to deal with, and you have to close factories and dealerships. Oh and all of this has to be done by a June 1 deadline.

Bottom line is that it doesn't seem like it is going to happen.

Experts say that GM is currently lining up majority stakeholders to make a court-supervised reorganization go more quickly. But some say that the threat of bankruptcy is just a ploy to con any reluctant bondholders into the equity swap deal. The government requires that 90% of the thousands of bondholders agree to this stock swap. Why would they, considering that the government and the UAW would get far more stock in exchange for debts owed by GM? Consider what the White House tried to pull last week with Chrysler .........


Barack Obama's auto task force has a difficult choice to make ... will it bend to union demands and require GM to keep more jobs in the US or will it allow GM to expand its operations in countries with cheaper labor?

After pouring billions of OUR CHILDREN'S DOLLARS into GM, the fact of the matter is that it can't survive while it is beholden to the United Auto Workers. This means moving more manufacturing (and therefore jobs) overseas. Needless to say, the unions are less than happy. They feel as they have a right to these jobs! How dare GM try and make money by paying people to do the same job for less money!

The current outline for GM would roughly double the number of cars built in Mexico, China and South Korea. This makes absolute sense. In the United States, GM pays UAW workers about $54 an hour with benefits. However in South Korea, GM would pay its workers less than half of that at $22 an hour. In Mexico, workers could earn about $10 an hour and in China that figure could be as low as $3 an hour.

A UAW official says, "My hope is that the government is like the UAW: protectors of the people." I'm sorry but GM is not in the business of protecting the people. It is in the business of making cars. As for the UAW .. it isn't in the business of protecting people either .. unless they're UAW union members.

When I'm thinking about these autoworkers one image sticks in my mind. When is the last time you saw an autoworker wearing a windbreaker or hat with just a Ford, Chevy or Chrysler logo on it? I'm sure they're out there .. but I haven't seen one. Instead they're always wearing their clothing emblazoned with the UAW logo .. UAW Local this, that and the other thing. Who are they working for? Ask them and they'll point to their union logo. Seems a lot of them forgot that the union doesn't sign their paychecks.

So what is it going to be, Obama? Are you going to let GM survive by allowing it to expand its overseas production with less costs, or are you going to bow to the labor unions and force GM to make cars in the United States?


This shouldn't come as a shock to you. Barack Obama and the Democrats are insistent on making you more dependent on the government. Their current plan on how to make this happen is to convince you that you need the government to provide you healthcare. But reality is starting to set in and guess what? Obama's grand plans are going to be a LOT more expensive than originally anticipated. The original estimate from the Obama administration was $634 billion, but that may pay for only half the cost. We are now talking an upfront tab of up to $1.5 trillion over a 10 year period.

As of right now, the Obama administration is sticking with its figure of $634 billion. What they've realized is that they didn't raise enough taxes to pay for it. They need more tax dollars. Obama's original spending cuts will only actually save about $309 billion and tax increases will only raise about $267 billion. That's leaves a gap of about $60 billion that the administration has to take from your wallet at the point of a gun.

Today the administration will reveal the details of plan B ... a revamp of its tax objectives in order to make-up the difference for this healthcare scam.

We know that Obama will propose $60 billion in new tax increases over 10 years on wealthy estates, businesses and others. So the evil rich, the corporations and business owners will shoulder the burden of payment in order to fund the dreams and schemes of Barack Obama's great government expansion and dependency. More specifically, Obama would tighten estate-tax rules that would give taxpayers less flexibility to minimize liabilities on inherited goods. Another part of the plan would require businesses that make payments to corporations to report these payments to the IRS. The goal is to make sure that evil corporations are reporting all their taxable income.

Another way Obama may try to raise extra cash to pay for this plan is to tax health insurance benefits provided by private employers. This may sound familiar to you ... it was John McCain's plan during the presidential campaign. If health insurance was taxed as regular income, the government could potentially collect another $250 billion each year.

Another way to get more money to pay for this scheme is to do it the Hillary Clinton way: require that every US citizen has medical insurance. Or to put it another way ... make it illegal to be without health insurance.


REPUBLICAN LEXICON

By
Neal Boortz
@ May 11, 2009 8:17 AM
Permalink | Comments (48) | TrackBacks (0)

This is from a column in the San Francisco Chronicle ... a glossary of Republican doublespeak for all you right-wing conservatives. I'm ticked I didn't make the list.

No commentary necessary ... just read and enjoy.

Activist judges: Judges whose rulings are at odds with the perceived wisdom of Republicans.

Bankers: Stewards of the capitalist system who always know what's best for the economy, who deserve low taxes and big year-end bonuses no matter how poorly their institutions have performed.

Class warfare: Assaults on rich people in the form of the usual whining of poor people.

Clinton, Wm. Jefferson: Democrat president whose sexual dalliance sent the nation into a tailspin from which even George W. Bush could not save it.

Compassionate conservatism: Ignoring the poor, except for an occasional contribution to the collection plate at church. Also see "conservatism."

Democrats: Devil-worshiping scum, foes of free enterprise, champions of the shiftless and the lazy, enemies of hardworking Americans everywhere.

Energy policy: Drill, baby, drill.

Fairness Doctrine: A government regulation once imposed on broadcasters under the mistaken notion that the public airways were owned by the public. Wisely rescinded by Ronald Reagan, paving the way for the careers of Rush Limbaugh, et al.

Fox News: A place where failed newsmen go to live out their golden years (e.g., Britt Hume, Geraldo Rivera), with paychecks provided by an Australian capitalist intent on explaining America to itself.

Gore, Al: Democrat presidential candidate and sore loser who concocted the myth of global warming just to steal joy from the Republicans who beat him.

Greed: The emotion that drives food-stamp recipients.

Justice Department: Agency created to legitimize illegal acts of Republican presidents.

Liberal: Any of a species of lily-livered, weak and effeminate men, or pushy and overly masculine women who have either renounced men altogether, or turned them into "girly-men."

Limbaugh, Rush: A male Mother Teresa for the oppressed captains of business and industry.

New York Times: Propaganda organ, once affiliated with Pravda, now a subsidiary of Al-Jazeera.

No!: All-purpose reply to any idea that doesn't include tax cuts for the wealthy.

Obama, Barack: Inept, inexperienced and inarticulate Negro man elected to the highest office in the biggest mistake the American electorate ever made.

Patriotism: Hoping the nation's leader fails, if he's a Democrat. Hoping the nation's leader succeeds, if he's a Republican.

Pelosi, Nancy: See also "harpy," "harridan."

Poor: People born lacking the gene that creates a solid work ethic, but with an excess number of genes that prompt whining.

Profit: The most sacred goal of human existence. Anything that interferes with its pursuit or acquisition is an affront to God.

Republicans: 1) The only real Americans; 2) Those who uphold traditional American values, such as marital fidelity, and disdain un-American practices such as homosexuality. Republicans uphold these values in public, though they sometimes are found to betray those values in private. They're only human, after all. (see also Vitter, David, or Craig, Larry).

Saint: (n.) See Reagan, Ronald.

Secular humanists: See "spawn of Satan."

Victory: A word foreign to Democrats, who always favor retreat or capitulation to the nation's enemies, foreign or domestic.

Wall Street: The nervous system of America, linked directly to the heart and brain. In short, the essence of this great nation.


READING ASSIGNMENTS

By
Neal Boortz
@ May 11, 2009 8:14 AM
Permalink | Comments (22) | TrackBacks (0)

George Will has another great column about the government's role in our economy.

Oh those gentle liberals. Wanda Sykes at the White House Correspondent's Dinner. Nice.

Over the weekend, Hugo Chavez thought it would be appropriate to use the military to take over companies that provide services for the oil industry including two US-owned gas facilities.

Hollywood showed up in Washington over the weekend to attend the White House Correspondents Association dinner.

Barack Obama wants a credit card reform bill on his desk by Memorial Day for him to sign. Here's an idea ... just let the government issue credit cards.

Great Britain is spending its tax dollars wisely in order to provide government healthcare. Wait, this is government we are talking about. Who are we kidding?

Fannie Mae needs another $19 billion from the taxpayers to stay afloat.

I could have told you this one ... Barack Obama's rich supporters fear his tax plans show he's a class warrior. I wonder what their first clue was.

Is Barack Obama just naïve when it comes to our economy, or is he intentionally destructive? Valid question. It's either one or the other.

President Obama is set to revive the system of military commissions for prosecuting Guantanamo detainees.

This Obama budget is such a joke. Here's another way to look Obama's "half-penny" solution to our government spending crisis.

This isn't good news, folks ... China has overtaken the US as Brazil's largest trading partner.

When it comes to the future of the Republican Party, Dick Cheney says that he would rather have Rush Limbaugh leading the charge over Colin Powell.

Oh no ... the CIA forced terrorist prisoners to stay awake for 11 days! The horror.

Has Barack Obama reversed his stance on immigration enforcement??

One item in Obama's budget that saw an increase in funding was for AIDS research and programs. By the way ... you do know that AIDS has never been an epidemic in the United States, don't you?

Montana passed a bill asserting that that guns manufactured in Montana and sold in Montana to people who intend to keep their weapons in Montana are exempt from federal gun registration.

Talk about government waste ... take a look at how politicians in Great Britain are using taxpayer dollars.

Here's some refreshing news from the Obama administration ... it will let stand a Bush-era regulation that limits protection of the polar bear from global warming. Every once in a while ... a glimpse of common sense.

What are global warmers going to do when they find out that the Arctic ice is in fact "twice as thick" as scientists expected?

Apparently Susan Boyle turned down an invitation to attend a dinner with Obama at the White House.

They are going to start charging rent at homeless shelters in New York City. Don't feed the bears.

Every time our wonderful government tries to do something to promote homeownership ... it seems to turn into a disaster. Time to back off?


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.

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


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