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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.

June 17, 2009 Archives

DAVID'S PHONE CALL

By
Neal Boortz
@ June 17, 2009 8:43 AM
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Yes, you'll hear it again today. David is the caller yesterday who praised Barack Obama for "trying to save our country." He said that the country would be better off without me "on it," and that George Bush and Dick Cheney should be executed. These people are out there folks. You'll hear a repeat today during the Information Overload Hour, along with your reactions!

OBAMA'S NEW REGULATIONS

By
Neal Boortz
@ June 17, 2009 8:38 AM
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Today is the day that Barack Obama unveils his plans for one of the most radical growths in government this country has ever seen. Obama's plan will give the government the power to seize companies that are considered "too big to fail" and could jeopardize the financial system. We aren't just talking about banks, folks. We are talking about ANY company.

OK ... I can't let this pass. Over a week ago, when Obama was first promoting his executive compensation limitations, I told you that it would be no time at all before Mr. Government Control was expanding his ideas to companies his administration deemed to be "too big to fail." Thus far Hugo Obama hasn't actually used the "too big to fail" language. Instead we are hearing things about companies who's failure, as the Lost Angeles Times puts it, "jeopardizes the financial system." As determined by who? As determined by Obama's henchmen, of course. Now ... here we are. Just how hard was that one to predict? Why, not hard at all, actually.

This is what our country has come to. Our Founding Fathers are rolling over right now at the thought that our imperial federal government will soon have the power to seize virtually any company that it wants. All we have to do is get some government hack, like our tax-cheat Treasury Secretary, to say that the failure of this company would be bad news for our economy ... and that the government needs to take it over. And Obama gets upset when he hears people refer to him as a Socialist. How sad.

Think all of this over for a second. Medicare. Medicaid. Social Security. Welfare Housing. Veteran's Administration hospitals. TSA. Homeland Security. Look at all the enterprises our wonderful Imperial Federal Government operates? Do you really think that the government operates any of these entities more efficiently than the private sector could? And now we are going to sit back while Barack Obama sets up a system where he can seize pretty much any company he wants so long as he can make some argument that the failure of that company would be troublesome.

While we're at it, why not go ahead and create another government agency? You really can't have enough government, can you? Obama's new regulatory body will be called the Consumer Financial Protection Agency. An administration official says that the agency will "protect consumers of credit, savings, payment and other consumer financial products and services, and to regulate all providers of such products and services." It will have the authority to write and enforce rules for financial firms. This agency will enforce so-called "fair lending" laws. Yeah ... that will work. Can't wait until we find out what the government seems to think is "fair."

Douglas J. Elliott, an economics fellow at the Brookings Institution and a former investment banker says, "As far as I can tell, the administration doesn't think it's as important to get that structure right as to get the rules right and make sure people are focused on acting the right way."

Acting the right way. Now government will be the one to determine whether or not these businesses are "acting the right way."

Could you have imagined when this last presidential election cycle started that we were going to end up with an administration that would be hell-bent on placing private businesses under government ownership? There were some people around who were warning you about that. They're called talk show hosts.

Elections have consequences.


WHAT CBO REPORT?

By
Neal Boortz
@ June 17, 2009 8:32 AM
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The Congressional Budget Office released its estimates on the cost of Obama's healthcare plan. Just as expected, it wasn't pretty. Just as expected, the White House immediately backed away from the report. Now all of the sudden, this Dodd-Kennedy healthcare bill "is not the administration's bill," according to White House press secretary Robert Gibbs. Ok, so technically he is right. That's because the president does not propose legislation. But anyone that doesn't believe Obama's ideas and desires aren't reflected in this bill is full of horsesqueeze. So that's the latest excuse from the White House, the CBO figures don't really count because they calculated it based on a bill that was not Barack Obama's. Got it?

So what DID the CBO report show? Well for one, it estimated that this bill would cost over $1 trillion over the next ten years. The kicker is that this estimate doesn't even take into account the president's government-run health insurance plan. Not to mention the fact that the said goal of this bill is to provide health insurance to all Americans. The reality is that this Senate bill would only increase coverage for 16 million Americans. On top of that, the CBO estimates that millions of Americans would lose their current employer-provided health insurance.

The director of the CBO says, "...When fully implemented, about 39 million individuals would obtain coverage through the new insurance exchanges. At the same time, the number of people who had coverage through an employer would decline by about 15 million (or roughly 10 percent), and coverage from other sources would fall by about 8 million, so the net decrease in the number of people uninsured would be about 16 million or 17 million."

I wonder if that information will be covered on ABC's coverage of Obama's healthcare Townhall meeting?


DID YOU HEAR ABOUT THIS ONE?

By
Neal Boortz
@ June 17, 2009 8:28 AM
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It happened last night. There was debate on the floor of the House over some amendments to a spending bill. The amendments were offered by Republicans and concerned funding for ACORN and an investigation into Nancy Pelosi's problems with the CIA.

As I understand the story, the Democrats announced that there would be no more votes that evening, and Republicans started heading home. When enough Republicans were gone the Democrats headed back to the House floor and called for a vote to end debate on all amendments to the spending bill. Republicans scrambled to get back into the House, but it was too late. Democrats saved Pelosi and ACORN with their little chicanery. For now.


GOVERNMENT CAN'T DO IT ALONE

By
Neal Boortz
@ June 17, 2009 8:22 AM
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Michelle Obama said something that I can agree with ... that struggling communities should not look to the government alone for help. Great. Let's throw some personal responsibility in there from time to time. But then she turns around and points out that the government just passed a government service law in order to put volunteers to work, and you should really take advantage of this.

Hmm. So on one hand you want communities to not look to the government, but then you want them to rely on a government law that provides volunteers. Maybe it's just me, but it shouldn't take a government law to encourage volunteerism.

Then she pulls out this line, "Washington can only do so much ... Communities are built and rebuilt by regular people." So just in case you were not aware, those people in Washington aren't regular people. Maybe they are, I don't know, above regular people?


RACISM BROUHAHA IN TENNESSEE

By
Neal Boortz
@ June 17, 2009 8:17 AM
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Let's back into this. A Republican aide in the Tennessee state legislature sent out an email to fellow GOP staff members. The email was a collage of portraits from the other 43 presidents, and the last portrait depicted Barack Obama as two white eyes peering from a black background. Now the Democrats are calling for the aide, Sherri Goforth, to be fired.

Democratic Party Chairman Chip Forrester says, "I am calling on Sen. Black to reject this racist smear and fire this staffer who, on state government time, on state government computers, using a state government e-mail account, launched this bigoted attack on our president ... This e-mail is reprehensible, insults the office of the president, and is embarrassing to all Tennesseans regardless of political party," Forrester said.

The staffer shouldn't be fired because she's a racist. She should be fired because she's dumb as hell. Sorry ... and I know that the Democrats are using this for some good old-fashioned race baiting, but what kind of an idiot would send out that email in the first place?


READING ASSIGNMENTS

By
Neal Boortz
@ June 17, 2009 8:13 AM
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Iran? Obama? Forget it. Obama has abdicated.

The White House issued its first report on climate change, predicting that temperatures in the US are going to rise 11 degrees by the end of the century. That, by the way, is 92 years away. What a crock.

Barack Obama says that the unemployment rate will reach 10% this year. Looks like all of this government stimulus is really paying off. Remember ... his earlier prediction was 8%. This guy really has a grip on his numbers, doesn't he?

A group of Republicans have introduced a bill that would prohibit the federal government from using federally funded comparative effectiveness research to ration healthcare. Not a chance.

Harry Reid says that he is willing to ditch bipartisanship in order to get a healthcare bill passed. Again ... not a chance. Reid is saying that if the Republicans will just go along, the Democrats will be bipartisan.

This is humorous ...HHS Secretary Kathleen Sebelius says that he insurance lobby won't be able to block a government health plan because most Americans realize they would be better off if the industry had competition. Wait! An ObamaBot talking up competition?

Jimmy Carter wants the Obama administration to remove Hamas from the terrorist list. When will this failed ex-president just go away?

Economist Nouriel Roubini believes that there is a significant risk that the US could experience a double-dip recession.

According to Rasmussen, 80% of Americans want the Obama administration to sell its stake in GM and Chrysler ASAP.

Looks like the cash-for-clunkers plan, which has been included in a war funding bill, may be facing opposition in the Senate.

Here's the latest on the brouhaha between ABC and the Republicans over Obama's primetime healthcare townhall.

The U.S. Chamber of Commerce ripped the Senate healthcare bill that is in the works. Not good news for PrezBO.

California Democrats just don't get it. They want to increase taxes in order to close their $24 billion budget deficit, and people wonder why Californians can't get out of that state fast enough.

When it comes to voting, 83% of Americans support the idea of checking photo IDs in order to vote ... the Justice Department, however, disagrees. The Justice Department, you see, is controlled by Democrats.


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