September 30, 2008
If you were distracted in the past week with the financial crisis, the political campaign, the debate, the baseball playoff picture, NFL football, your job or whatever and if you happened to blink for a moment, you might have missed it!
Like a magician using slight of hand while you were distracted by his lovely assistant, the United States Senate passed a bill authorizing yet another $25 billion in bailout money. This one for loan guarantees to the automobile industry.
The bill, which was passed by the House of Representatives last Wednesday and which the President has indicated that he will sign, are the first loan guarantees to the automakers since Congress passed a similar $675 million measure to Chrysler Corporation in 1980.
The loan guarantees were tucked away inside a continuing resolution that included funding for the U.S. government and the wars in Iraq and Afghanistan. That’s exactly where I would look, as an interested citizen, if I wanted to know about such legislation…NOT!
While I’m not surprised about the bailout (indeed I expected one), nor am I opposed to a bailout of the auto industry, I am appalled by how it is done. I would have preferred that it be debated a bit more and reported by the media a lot more.
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Economy, Government | Tagged: automobile industry, bailout, congress, Government, legislation, loan guarantees, Senate |
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Posted by dave
September 25, 2008
The Democratic controlled Congress have apparently decided to let the 26 year ban on offshore drilling, which had to be renewed every year, die without any further fight.
The Democrats gave one final attempt at a victory when Speaker Pelosi and company introduced an energy bill in the dead of night and forced a vote the next day which passed through the House, but died in the Senate. The bill was a sham of an energy bill that, while allowing offshore drilling, would only allow it in areas more than 50 miles offshore where the likelyhood of finding oil is in suspect.
Even the Democratic candidate for President, sensing the mood of the country, indicated that he would support limited offshore drilling.
Many Republicans are calling the failure of Democrats to continue the ban on drilling as a major victory. Several conservative talk show hosts are saying the same.
I caution against claiming victory at this point. The Democrat Party playbook tells them to try to win the day with votes and if that is not possible it tells them to stall for as long as possible. When the inevitable happens and they cannot win with a fair vote, they will do what they always do. They will take it to court. Sometimes I think they would prefer to skip all that petty election stuff and just find a friendly judge to settle all matters!
Watch for any attempt to begin drilling to be met with legal action by some liberal, environmental group.
That, I believe is their plan until Barack Obama is sworn in and can issue another Presidential ban on drilling. Ah, democracy in action the Democrat Party way!
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Energy, Government, Legal | Tagged: Barack Obama, congress, Democratic Party, drilling ban, Nancy Pelosi, offshore drilling |
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Posted by dave
September 22, 2008
When asked what is the most significant piece of legislation Barack Obama has fathered since he has been in the United States Senate, most supporters of the Democratic Presidential nominee begin to dance around the issue or at best talk about an ethics bill that he supported. The Senator’s campaign staff talks much the same way, but always seems to turn the issue back to Senator McCain’s voting record or what he has said on the campaign trail.
What they don’t talk about is a bill that Senator Obama has sponsored that is truly important to the American taxpayer. Senator Obama is the sponsor of the Global Poverty Act which is working its way through Congress right now and I can’t figure out why they don’t talk about it more when reporters ask the question about Obama’s legislative leadership. It is a significant piece of tax legislation that will affect the American public for years to come.
If enacted, the Global Poverty Act would commit the U.S. to spending 0.7 percent of the gross national product on foreign aid, which amounts to a 13-year total of $845 billion over and above what the U.S. already spends. Let me repeat that. The bill will amount to an increase of $845 billion in addition to what is already being spent on foreign aid.
The bill, which has the support of many liberal religious groups, makes levels of U.S. foreign aid spending subservient to the dictates of the United Nations. The bill itself requires the President “to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.”
You will also notice that the Obama supporter doesn’t bring up the Global Poverty Act when they talk about taxes either. When taxes are being discussed, they only seem to mention that the middle class will get a tax break while they will make the rich do their “patriotic duty” and pay more…and more. Somehow, I’m not sure that the middle class is safe from higher taxes with this candidate. He is in favor of raising gasoline taxes (I think the middle class might have to pay those), he wants to raise Social Security taxes (the middle class will be involved in paying those), he is in favor of raising capital gains taxes (many from the middle class will have to pay those as well) and, well gee, he is in favor of raising the death tax too. Senator Obama seems to have never seen a tax he doesn’t like.
Now he wants to add an additional tax to take care of the poor around the world. For years and years I’ve heard the left say that we can’t continue to be the policeman of the world. I think they might be right to an extent with that argument. With the current economic conditions we face, I think we can no longer afford to be the financial keeper or the social worker to the world. It’s time to get our own financial house in order first and in a way that doesn’t drive the middle class into poverty. We simply cannot afford to be in that role any longer.
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Economy, Taxes | Tagged: Barack Obama, Global Poverty Act, legislation, Taxes |
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Posted by dave
September 20, 2008
Rumors are starting to circulate that Joe Biden, Senator Obama’s first choice as a running mate, is on the verge of getting the boot!
Depending upon the rumor, the plan calls for the Delaware Senator to make a series of gaffes and then step down “for the good of the party” or he will step down citing health reasons. Senator Biden is apparently on board with the idea. You will recall that he has already mentioned that Senator Clinton might have been a better choice for the number two spot on the ticket.
Either way, the rumors state that the change will take place some time following the Vice Presidential debate and that Hillary Clinton has been chosen to replace him on the ticket.
No word yet on how Michelle Obama feels about this plan. She was said to have been a major voice against picking Hillary as a running mate originally.
What would make it interesting would be if, at some time during the debate between Senator Biden and Sarah Palin, the Governor would ask innocently if the Obama campaign has decided which of the plans they will use to remove him from the ticket and install Hillary!
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Politics | Tagged: Barack Obama, Hillary Clinton, Joe Biden, Sarah Palin, Vice Presidential debate |
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Posted by dave
September 19, 2008
While campaigning for the past 18 months, Senator Barack Obama has consistently called for an immediate withdrawal of US troops from Iraq. Sen. Obama apparently tried in private to persuade Iraqi leaders to delay an agreement on a draw-down of the American military presence while on his whirlwind tour in July.
According to Iraqi Foreign Minister Hoshyar Zebari, Obama made his demand for the delay of withdrawing American troops a key theme of his discussions with Iraqi leaders in Baghdad.
“He asked why we were not prepared to delay an agreement until after the US elections and the formation of a new administration in Washington,” Zebari said in an interview.
Obama insisted that Congress should be involved in negotiations on the status of US troops – and that it was in the interests of both sides not to have an agreement negotiated by the Bush administration in its “state of weakness and political confusion.”
Obama has given Iraqis the impression that he doesn’t want Iraq to appear anything like a success, let alone a victory, for America. One reason for this is that Senator Obama already has a problem with his consistent position that the “surge” in Iraq was a bad concept and could not and would not work being proved wrong. Additionally, his private demands of the Iraqis is totally in opposition to his position a year ago when he was saying, “The best way to protect our security and to pressure Iraq’s leaders to resolve their civil war is to immediately begin to remove our combat troops, not in six months or one year – now.”
In trying to delay the withdrawal of American troops until after the election and establishment of the next U.S.administration, Obama, who hopes to be at the head of that administration, wants to get the credit for implementing the policy of U.S. withdrawal.
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Military, Politics | Tagged: Barack Obama, Iraq, US Troop Withdrawal |
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Posted by dave
September 8, 2008
Obama disclosed in an exclusive interview on ABC News’ ‘This Week with George Stephanopoulos’ that he had once considered serving in the military.
“You know, I actually did,” Obama said. “I had to sign up for Selective Service when I graduated from high school. And I was growing up in Hawaii. And I have friends whose parents were in the military. There are a lot of Army, military bases there.
“And I actually always thought of the military as an ennobling and, you know, honorable option. But keep in mind that I graduated in 1979. The Vietnam War had come to an end. We weren’t engaged in an active military conflict at that point. And so, it’s not an option that I ever decided to pursue.”
Now you can’t be sure how much of this was true.
It’s odd that he never mentioned this consideration of joining the military in either of his books. That would have been an important decision to have considered while he contemplated his future.
He stated, in the interview, that he had to sign up for selective service when he graduated from high school, but he graduated in 1979. The problem with the claim is that the United States abandoned the draft in 1973 under Richard Nixon and ended the Selective Service registration requirement in 1975 under President Ford. The Selective Service registration requirement was not re-instated until 1980 under Jimmy Carter. So, he didn’t have to register in 1979.
Finally, did the future Senator decide not to join the military because there was no combat being waged?
I understand that Senator Obama wants to sound pro-military to certain groups because he thinks he sounds un-patriotic, to some, to be against the Iraq war while not having served himself, while John McCain’s military record is well known. I’m not saying it isn’t, but the whole statement just doesn’t ring true.
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Military, Politics, Uncategorized | Tagged: draft, Military, registration, Selective Service, Senator Obama |
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Posted by dave