Remember In November – Billboard #2

July 18, 2010

Here’s number 2 in our series of suggested Billboards to help people “Remember In November.”

Click to view full size. You are free to download and circulate as you like.

If you missed our first billboard, you can see it by clicking here.

I would only point out that, although the Billboard is a display of satire, please don’t become complacent regarding the significance of this mid-term election. It’s one of the most important and decisive elections this country has ever faced: America is under attack from within. We’ve seen the evidence mounting:

  • After only days in office, President Obama and the Democratic Congress (backed by a few traitor Repubicrats) teamed up to ram through Congress and sign a stimulus package we were told had to be done immediately in order to cap unemployment at 8.5%. The bill was never posted for the 5 days Obama assured the American public (during the Presidential Campaign) on the Internet for us to read before he signed it. To date, unemployment has gone as high as 10% (much higher in areas of the country) and currently sits at about 9.5%. It was recently reported that only about 1/3 of the money has been spent, yet the lame duck congress (after the election and before the new congressmen take their seats in January 2011) is expected to pass yet another stimulus package. Many think Obama is using this money as a slush fund to buy support from legislators.
  • Barack Obama and Congress teamed up to shove health care reform down our throats, against the will of the majority of Americans. In doing so, the government has taken control of over 1/6th of our economy in one fell swoop. Implementation begins with new steep taxes in 2011, but actual benefits will not be provided to the masses until 2019.
  • In a stunnng accusation,  former Department of Justice employee J. Christian Adams details how the Department of Justice (under Obama appointee, Eric Holder) is racially biased against whites claiming that Holder was told by officials in the Obama administration to back off prosecutions of blacks who commit crimes against whites, but aggressively prosecute cases where white(s) allegedly have committed crimes against blacks. A black elected official in Noxubee agreed, during a deposition,  that racially discriminatory behavior against whites occurred. “But you got to understand,” he explained, “now it’s payback time.

No, what we need to understand is that we have a chance in November to START turning America’s ship back to a democracy. But we can only do it if everyone legally eligible to vote exercises that right.

Gerry Ashley


Financial Reform: The Good, The Bad and The Butt-Ugly.

July 16, 2010

You probably heard that the Financial Reform Bill just passed the Senate and is on it’s way to being signed into law by Emp-error Obama, probably some time next week.

“Yes,” you ask, gritting your teeth. “But how, exactly, does it affect me?”

Well, just the fact that it was written by Democratic Senator Chris Dodd, and Massachusetts Representative Barney Frank should have you running, screaming towards the Canadian border.  I find the irony rather horrific: one of the chief proponents of Fannie-Mae and Freddie-Mac (the two programs that are chiefly responsible for the economic mess we’re in regards to banking) is one of the architects of the legislation to get us OUT of the trouble he caused. Think about that: If you had to trade your car in because the mechanic at your dealer ruined your engine, would you turn to that same mechanic to write the service manual for your new car?

As to the impact, in some minor areas, we gain, but as is always the case when government gets involved, it’s gonna cost you at the other end… Translation: Break out the KY Jelly, folks. Try to minimize the pain.

The legislation took well over a year to develop, and it wound up taking slightly over 2,300 pages to contain it. But NOT TO WORRY!  I’m sure His Sly-ness, the Omnipotent Lord Obama will give us 72 hours to look at it on-line before signing it into law, just like he did with the stimul… uh, woops. Never mind… “Nothing to see here, folks. Just keep moving, please.”

Better yet: If you are into Masochism, download it yourself here and enjoy your week-end: The Dodd-Frank Wall Street Reform and Consumer Protection Act (as a public service announcement, I recommend using a condom while reading it).

If I may, here’s a highly condensed version of some of what you’ll find buried in this legislation:

1.) The legislation creates an agency that can seize and liquidate any bank (including those considered “too big to fail”).

The Good News: We shouldn’t get stuck paying to bail out banks for their failures as George Bush had us do.
The Bad News: It does NOT, however, control just how big a bank can grow. Recipe for disaster? Guess we’ll have to wait to find out. You know, like Nancy Pelosi’s take on health care: “We have to pass it to find out what’s in it!”
The REALLY Bad News: Hello? The government now has permission to seize any bank (and its assets) at any time, based on the whim of… the government. Translation: More power taken away from the people and given to the government (who wrote this legislation again? Hugo Chavez?)

2.) A new federal agency (under the banner of the Federal Reserve) that will impose more regulatory control over credit card companies, payday advance companies and mortgage companies.

The Good News: Perhaps more restrictions on the types and amounts of fees they can gouge customers with. Pre-payment penalties will likely be eliminated or greatly reduced on certain types of loans and mortgages.

The Bad News: Those fees are where these institutions make much of their profit. While the government presents these regulations as “consumer protection, ” that translates into “less profit” for these entities which, ultimately, means more restrictions on their service to you. Look for new fees on other services to make up the difference, harder to obtain credit cards, harder to qualify for mortgages and more restrictions on availability of payday advances…  Yeah, that ought to help the economy recover. If you’re in the construction industry, plan on selling a lot fewer houses. A LOT fewer.

The REALLY Bad News: With new regulations on mortgage companies, it doesn’t take a rocket scientist to realize mortgage money will be much harder to qualify for. With a plethora of unsold homes in foreclosure already flooding the market, that could keep the housing market depressed for years.  Couple this with an economy that’s already on life-support and a job market that is – well, for lack of a better term - flat-lining, in most parts of the country, and we could actually see a society where we could have millions of homeless people living on the streets and hundreds of thousands of empty homes sitting in foreclosure. If and when that happens, how long before the government will write (and pass) legislation allowing the government to seize homes that are sitting empty and redistribute the right to live there.

Who would have thought the pompous idiots  who helped the Fannie Mae/Freddie Mac debacle trash our economy could come up with something even more foreboding for the future? Way to go Barney and Chris! Would you like to inject us directly with poison next?

3.) The new legislation requires more transparency in the derivatives market.

The Good News: None we can actually measure. Not until the “bad” news is resolved (which the government has absolutely no incentive to do)..

The Bad News: Fill in your own sarcastic comment here about “transparency,” especially if it’s going to work the same way it has with the Obama administration.  And it probably will, because they have apparently left it up to Bill Clinton to ask for the definition of “transparency.”


4.) New limits on how much Banks  can charge retail businesses when customers use debit cards for purchases and how much they can charge for overdrafts.

The Good News: If you’re a business owner, this means less cost to you when a customer swipes a debit card to make a purchase. So this means the businesses will pass those savings on to us, right?  Nope. Not necessarily.  Nothing requires businesses to do so.

For those of us who live paycheck to paycheck and occasionally overdraft our account, banks will be forced to reduce the penalty for doing so, meaning they would be limited to how much they can gouge you when they (as comedian Gallagher would say), “charge you more of what they already know you don’t have any of.”

The Bad News: Under the old laws, businesses were required to allow you to use your debit card for ALL purchases, no matter how small. Under the Financial Reform legislation, that restriction is lifted. Look for retailers to jump on the bandwagon of having minimum amounts for purchases using debit cards. You may have to forget about buying that McDouble using the debit card. The consumer’s new credo: “Cash: Don’t leave home without it.” Look for armed robberies to increase as a result.

Even MORE Bad News: With banks making less money per transaction with retailers, reduced fees for overdrafts and other fees, look for them to make it up elsewhere. This could mean buh-bye to that free-checking or, perhaps, more or higher fees for using that debit card to obtain cash at the ATM. Where banks are concerned, you may want to keep that KY Jelly handy. If they can’t screw you one way, they’ll screw you another. And, from what I’ve seen, this 2,319 page legislation isn’t going to do a thing to end that.

Here’s a couple of videos that show various aspects of the legislation:
A) The Good

B) The Bad

C) The Ugly: A Paul Shanklin tribute to the man who helped create the banking debacle, and then in true “End of days” fashion, has co-authored the legislation that’s supposed to resolve the very problem he helped create.

Enjoy your week-end, folks. Good news: Stoutcat returns from vacation next week.

H/T Michelle Malkin

Gerry Ashley


The Abject Failure Of The Obama Presidency – Part 8

April 28, 2010

“Never let a serious crisis go to waste. What I mean by that is it’s an opportunity to do things you couldn’t do before.”   
- White House Chief of Staff Rahm Emanuel  

Note to our readers: This the 8th installment of a series called “The Abject Failure Of The Obama Presidency.” Intended to illustrate just how Obama’s policies fail us, and the Constitution he swore to uphold, it is based on The 10 tenets for establishing and maintaining democracy, written by William J. H. Boetcker and originally published in 1942. To read previous installments, just type or copy “The Abject Failure” into the search box to the right of this article, then click “Search.”  

The more research I did to support this particular tenet, the more I realized that this tenet is, perhaps, the most complex to explain and properly cover:  

8. You cannot keep out of trouble by spending more than your income.  

Photoshop by Josh Johnson

 Let me be clear about this: The United States is teetering on the edge of financial oblivion and it would be both factually incorrect and misleading to suggest the blame for this lies at the feet of the Obama administration.    

Neither the mainstream media nor Congress, nor most of the Presidential administrations over the past 40-50 years have been totally honest with the American public about this. But the numbers don’t lie, even if the politicians do: The amount of money the United States is committed to in either social programs or entitlements over the next decade is well over $100 Trillion (yes, with a “T”). Our own Alan Speakman of Grand Rants has written about this on a number of occasions. For a harsh look at the truth, read these pieces by Alan:   

This debt is principally the result of entitlements funded by Congress while you and I were not paying attention.  “Who’s going to win the playoffs?” became more of a concern to us than “What is Congress doing with our tax dollars?”  “What’s the number one song on the hit parade this week?” surpassed “Can we, as a nation, afford to do this now?” in importance. So, in a way, if you want to know who is most directly responsible for the economic crisis, we can all start by looking into a mirror.  

Even in years when administrations claimed to have a balanced budget, the deficit was, in fact, building in the background. Both political parties share the blame for this.  

In order to fully understand the nature of the beast preparing to devour our entire economy, here is a “quick-start” video to help get you up to speed. I urge you to watch it in its entirety.  When the video has finished, then please click on the link to read the rest of this installment to see how the Obama administration is heading in exactly the wrong direction… and why they are doing so intentionally.  

   

Read the rest of this entry »


GM’s True Lies

April 22, 2010


If you watched any television last night, you probably saw this commercial:

“We have repaid our government loan in full, with interest, five years ahead of the original schedule.”

CEO Ed Whitacre is telling us the truth, but not the whole truth. What about the other $45 billion that American (and Canadian) taxpayers gave General Motors last year, which was originally part of that loan? Why doesn’t he mention that still-outstanding amount as he so proudly touts the payback of less than 14% of GM’s unsettled debt? When do we get that money back?

[crickets]

MarketWatch is a bit more realistic about Whitacre’s announcement:

Yet for all the fanfare, this is icing on the cake — and there’s still no cake.

The federal governments of Canada and the United States are the majority shareholders in General Motors, and will be until the carmaker issues new shares to the public. We still don’t know when that will be, and Whitacre didn’t offer any new clues.

And the Associated Press reports:

The White House pointed to GM’s repayment of the loan and Chrysler LLC’s posting of an operating profit in the first quarter of 2010 as concrete signs that the bailout of the U.S. automakers was working.

In a report, they noted the American auto industry lost more than 400,000 jobs in 2008 and analysts estimated another 1 million would have been lost had GM and Chrysler liquidated. In the past nine months, the White House said the industry has added 45,000 jobs, the strongest job growth in the industry in nearly a decade.

Sorry, but given the record the White House has in their predictions, as well as their ability to accurately account for jobs “created or saved”, I’m going to take that assertion with a huge shaker of salt (until that’s outlawed, too).

Unless GM is engaging in financial shell games of a kind that would put Bernie Madoff to shame, how is it possible for a company which posted a $4.3-billion loss for the half year after “emerging” from bankruptcy last summer,  lost $30.9 billion in 2008, and has laid off nearly 65,000 workers over the past year expect to a) build good cars that consumers want to buy, b) keep up payments to unions and union healthcare trust funds, and c) pay back their debt to American taxpayers?

Just asking.

Stoutcat

H/T: BBCW


Obama’s First Year Spending Shatters Record

November 25, 2009

It should come as no surprise, but at least now it’s officially documented. From Fox News:

The federal government spent $3.5 trillion during President Obama’s first year in office. This far exceeds the spending for any other first-year president.

This is double what George Bush spent on his first year in office and light years ahead of all previous Presidents… even when adjusted for inflation.

In fairness, this includes the final 3.5 months George Bush was President and, therefore, includes the TARP bailout which was Bush’s blunder.

That still leaves close to $3 Trillion – with a “t” – spent by the President and what Nancy Pelosi described as  “the most honest, most open, and most ethical Congress in history,” as they proceeded to shove through (in the middle of the night and week-end)  a stimulus bill packed with more pork than you’ll find at Honeybaked Ham’s Headquarters.

As the President’s On-The-Job Training proceeded, he continued to act as if the way out of a recession is to spend more money that we don’t have. Maybe after his visit to China, he will have a better idea what we’re facing a couple of years down the road: An economic Tsunami he won’t be able to lay at the feet of George W. Bush.

Please, people… don’t anyone tell President Obama what comes after “Trillions.”

Gerry Ashley


Chrysler: It’s All About the Unions

May 7, 2009

 

I just read a great article by Megan McArdle, explaining — in case anyone didn’t already get this — why the Chrysler bailouts have to do almost exclusively with the unions. She makes her case eloquently, by examining other possible motives and subsequently discarding them, for good reasons:

Chrysler is a good company caught in a bad situation.  Chrysler has been a bad headache for years.  Daimler bought it for $36 billion in 1998, and actually paid $650 million to have Cerebrus take the company off their hands in 2007.

Clearly, that dog won’t hunt.

The administration isn’t kowtowing to the unions; it’s trying to prevent massive job loss.  Chrysler employs about 60,000 people.  This is a rounding error in the number of jobs that have been lost since this recession began. 

Nope, try again. Ms. McArdle lists out other possible opportunities and explains why she finds them all lacking, and ends with an elegantly simple coup de grâce:

I am unaware of any evidence that a single industrial failure has ever precipitated the kind of massive, widespread hardship that followed, say, the failure of Jay Cooke & Co Intervening to prop up a company that has been struggling for a decade is almost textbook bad economic policy. [emphasis mine]

And she’s right.

Stoutcat


Ousted by Obama (And All I Got Was This Lousy Tee Shirt)

April 4, 2009

 
Bill Dupray at the Patriot Room is of the opinion that ousted-by-Obama GM CEO Rick Wagoner is a sissy:

Let’s just get this out of the way right up front: The former CEO of General Motors, Rick Wagoner, is a spineless, gutless, cupcake. Not only did he run General Motors into the ground (from the time he took the reins as CEO in 2000, until the time he was fired by President Obama at the end of last month, GM stock lost 98% of its value), which means he sucked at his job as a car executive.

But Wagoner is guilty of an even bigger crime than that.

He allowed the United States government to take control of America’s largest privately-owned auto manufacturer. He allowed Barack Obama to kick in the door, and in one fell swoop, nationalize one of America’s oldest and greatest companies.

Dupray goes on to discuss why this happened, and is of the opinion that it’s because Mr. Wagoner took the bailout money from the government rather than making the hard decision to declare bankruptcy. It’s a good article, and well worth reading, especially this:

So Wagoner’s spineless decision to take the bailout not only resulted in a pile of wasted taxpayer dollars, Wagoner also lost his job, the company will file for bankruptcy anyway, and worst of all, Barack Obama is now the CEO of the company. All because Wagoner didn’t have the guts to say, “Thanks, but no thanks.”

My take, however, is somewhat different. Had Mr. Wagoner taken the hard step in the first place and declared bankruptcy, not only would he have lost his “golden parachute”, but he would also have lost the “reserve chute” he activated when President Obama kicked him to the curb. I think Wagoner’s decision to take the bailout money (and subsequently bail out) was based soley (or in large part) on his own self-interest, rather than spinelessness.

By sticking around as long as he could, he guaranteed himself a long comfortable retirement, thanks to GM, President Obama, and especially we the taxpayers. Or as Ed Morrissy at HotAir put it, “GM gets to pay Wagoner a fortune for not working.”

Ultimately, how many other CEOs will qualify for the “Ousted by Obama” tee-shirt, and what will the final cost to the country be?

ousted-by-obama

Stoutcat


Bernanke’s Magic Show: Watch Me Make $300 Billion (and What’s Left of Our Economy) Disappear

March 19, 2009


In a little-publicized move yesterday, Federal Reserve Chairman Ben Bernanke made a decision that will likely have a profound impact on the US Economy and anyone foolish enough to still be holding US dollars. 

From Bloomberg.com

U.S. central bankers decided yesterday to buy as much as $300 billion of long-term Treasuries and more than double mortgage-debt purchases to $1.45 trillion, aiming to lower home- loan and other interest rates. The Fed kept its main rate at almost zero and may keep it there for an “extended” time.

The moves sparked the biggest drop in 10-year Treasury yields since 1962, rallies in the stock market and gold and a plunge in the dollar against the euro. Economist Richard Hoey said Bernanke has created the “Rambo Fed,” referring to the Sylvester Stallone character skilled with weapons.

“This is a very powerful and aggressive move,” Hoey, chief economist at Bank of New York Mellon Corp., said in an interview with Bloomberg Television. “One of the reasons I’ve been arguing we won’t have a depression is we’ve got a Fed chairman who understands the problem and is going to come with the right diagnosis and the right medicine.”

With the purchases of Treasuries and housing debt, Bernanke is effectively using the Fed’s powers to print money and aim it where he and other officials believe it will have the greatest impact in lowering borrowing costs.

Is there, perhaps, another way of looking at this? Could it be the US is no longer able to find lenders willing to loan us money? Has China “cut us off?”  Or have they raised the interest rate out of fear we can no longer (or will soon no longer be able to) pay our bills? Michelle Malkin refers to Bernanke’s move as straight out of the “David Copperfield School of Economic Recovery.”  Yes, but at least with Copperfield you get some cool background music.

I get nervous whenever I hear the solution, “Let’s print more money! LOTS AND LOTS OF IT!” and then “aim it where (they) believe it will have the greatest impact in lowering borrowing costs.”

The literal translation, as I see it, is we are simply going to print more of our money to pay our bills.  Now while that’s a luxury we would all like to have, it does not come without a cost. The value of the dollar will plunge even further. That will weaken our economy and will likely trigger inflation. If, indeed, that trigger has been pulled, watch out, boys and girls. The value menu at McDonald’s could soon be a luxury item.

But hey… let me be the first to admit I am not an economist.  I DID balance my checkbook once back in the ’80s, so I’m not totally without an eye for the economy. But I decided to skip lunch today and eat antacids instead when I continued reading the Bloomberg article:

Yesterday’s decisions will add $750 billion in purchases this year of mortgage-backed securities issued by government- sponsored enterprises Fannie Mae, Freddie Mac and Ginnie Mae, for a total of $1.25 trillion. The Fed has already announced $217.1 billion in net purchases out of $500 billion planned through June, under a program unveiled in November.

The central bank will also double to as much as $200 billion this year its planned purchases of debt issued by Fannie Mae, Freddie Mac and Federal Home Loan Banks. The Fed bought $44.4 billion of the so-called agency debt as of March 11.

But then I saw what might just be a ray of hope (and, as hope goes at times like this, even a ray is worth checking out):

The $1 trillion Term Asset-Backed Securities Loan Facility, which is opening this week to jumpstart consumer and business lending, “is likely to be expanded to include other financial assets,” the FOMC statement said, without elaborating.

“Our objective is to improve the functioning of private credit markets so that people can borrow for all kinds of purposes,” Bernanke said at a Feb. 24 Senate hearing. “We are prepared, and we want to keep the option open to buy Treasury securities if we think that is the best way to improve the functioning or reduce interest rates in private markets.”

Oh, wait… so you mean this may loosen up credit to make it easier for people to get loans to buy new cars and keep the auto industry afloat in this country? Well whaddya know! That would be a GOOD thing, right? Right? The ray of hope turned out to be the lit end of the joint whoever thought of this plan must have been smoking…

“Don’t get your hopes up” according to Doug Dachille, chief executive officer of New York-based First Principles Capital Management:

“The Fed is ‘naive’ if officials think the move will lower borrowing costs,” Dachille said. “The ‘historic precedent’ of when the Treasury Department was buying back debt amid the budget surpluses of the Clinton administration show it may fail to do so,” he said.

I’d love to think this is a bold brush stroke by Bernanke, one where his years of experience and his study of the great depression will steer us carefully through troubled waters. More likely,  this is a move based on desperation. I hope it’s the the former, but any time I see them installing a turbo-charger on the treasury’s printing press, I get concerned.

Very concerned.

 Stay tuned.

Gerry Ashley


New Mantra: “Trust In Obama. He is a Harvard Graduate.”

March 10, 2009

 

These days, I spend the greater amount of my leisure time in deep meditation.  My personal Guru, the Maharishi Haban-a-gud Dai, assigned me a sealed mantra which I was to open when I felt the stress of current events closing in on me. Then,  I was to read the mantra, commit it to memory, go to a dark, quiet place and repeat it slowly over and over again until calm.

Upon returning home, I went on-line and read about the bailout stimulus Golden Porkulus  package authored by Nancy Pelosi and hyped by President Obama as the ONLY way out of this economic quagmire.  A friend of mine who is good at math explained how the $800 Billion being spent now, with the interest accrued, amounts to trillions of dollars. He then went into graphic detail to illustrate how, if you laid $100 bills end to end, a trillion dollars would stretch from here to Tiera del Fuego…

I excused myself and immediately proceeded to my walk-in closet. There, with a stack of MREs (Meals Ready-To-Eat) that would enable me to stay, if necessary, through 2011, I pulled out the sealed envelope containing my Mantra.  I ripped open the envelope containing my mantra and unfolded the paper. All it said was, “Trust In Obama. He is a Harvard Graduate.”

A week later, I had to come out of the closet to check on my dog. He was gone, but left a note that said I would be hearing from his ASPCA lawyer. I think it’s safe to say that the material he used to secure the envelope wasn’t sealing wax.

“Trust in Obama He is a Harvard Graduate!”

I decided to catch up on the news I had missed. First thing I see on the Internet is how horribly Obama has insulted England in regards to the return of the Winston Churchill statue and  Gordon Brown’s visit which was the biggest diplomatic slap-in-the-face since Bill  Clinton asked Prince Charles, “How’s the marriage going with Diana? I mean, have I got a shot here, or what?”  Oh wait. That wasn’t Bill. That was Beetlejuice.  But he was probably thinking that.

“Trust in Obama He is a Harvard Graduate!”

Then, I read that Obama now wants to negotiate with moderate members of the Taliban… I injured my jaw on the tile floor. Do you want to tell him or should I?

“Trust in Obama He is a Harvard Graduate!”

My share of the bill for the StimulusPorkulus package comes to a little over $25,000.

“Trust in Obama He is a Harvard Graduate!”

Today, I found out that it’s official: My pension virtually no longer exists, and by the time I’m ready to retire, Social Security will either be gone or reduced to “So-So Security” which means, I get to work until I drop (assuming I can find someone to keep me on as I wither away). Welcome to “Change.” In fact, change is all I’ll have left of my savings and pension.

“Trust in Obama He is a Harvard Graduate!”

 I’m trying to figure out my budget to see if I’m going to have enough money (after new taxes) to include food in my budget. I called the White House to see if Obama has any suggestions, only to be told he can’t be interrupted… he’s having a few guests over for a dinner of Wagyu-Beef  while Earth Wind and Fire entertain. Oh, and coming next week? Tina Turner!

 He’s beginning to seem less like a Harvard Graduate and more like George Jefferson every day.

“Trust in Obama He is a…”

Aw, screw it. I’ve always said that Harvard is greatly over-rated. I’m gonna go back into my closet and open up a nice MRE and maybe have a nice bottle of water with it.  I think a bottle of Whitewater will do just fine. Hey, do MRE’s come with Wagyu-beef ?

Gerry Ashley


Breaking News: Obama Switches To Stand-up Comedy

March 4, 2009

This just in from the TIC (Tongue-In-Cheek) News Network:

Washington DC – (TIC) President Barack Obama, in a move some Republicans are calling “calculated to counter his “Doom & Gloom” speeches recently, has decided to add Stand-Up Comedy to his speaking style.

The day after the Senate House of Reps (just wait) approved his pork-riddled $410 Billion, cluttered to the gills with earmarks, Obama announced he will be outlining his proposal for cutting wasteful spending.

(Cue laugh track)

From the AP news story on Foxnews.com:

Obama’s directive would order Peter Orszag, director of the White House Office of Management and Budget, to work with Cabinet and agency officials to draft new contracting rules by the end of September. Those new rules, officials said, would make it more difficult for contractors to bilk taxpayers and make around $500 billion in federal contracts each year more accessible to independent contractors.

Oh, the sweet irony! One way contractors could be prevented from bilking us out of $500 Billion in federal contracts is to stop passing “Stimulus Packages” costing hundreds of billions of dollars. Simply put, those packages are loaded with over 8,000 slabs of pork. (Do we REALLY need a high-speed rail linking Los Angeles to Las Vegas, Harry Reid?).

Remember the good old days when if politicians wanted to shove a bill down the taxpayers’ throats (and down our wallets), they actually had to do it LEGALLY by presenting a bill with a single point project and pass it in both houses plus get the President to sign it? I think way back then they called that a system of Checks & Balances. Now, all you have to do is have the Congressional Cheerleaders join the President in declaring dire emergencies that can only be solved by spending more trillions of dollars, then attaching all your porcine projects to this emergency legislation and, Voila!  up to 8 Years of Lobbying is now reduced to ONE BILL.

There’s your CHANGE, Obama fans. All that lobbying and screwing of the taxpayers, reduced from 8 years down to 6 weeks!

But wait! There’s More! Act before midnight tonight  and here’s what you’ll get (at a phenomenal extra charge):

No doubt ACORN will receive a $20 million grant to study how to change the whole procurement system.

Gerry Ashley


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