Tag Archives: bailouts

Funding Oversees Jobs With Stimulus, Bailouts and Defense Appropriations

Liberal folklore maintains that the heartless and evil Republican monsters of the nation are beholden to the mean and greedy big interests, which act like a Robinhood-in-reverse and steel from the poor to give to the rich. There are several problems with this political legend. One of them is that without the wealth creators of business, there would be no wealth to take and give from. That is something which Democrats deny but Republicans understand and why Republicans do not seek policies which make creating wealth a negative. But another problem with this liberal theory presents itself in the facts that come to light with the actions of the existing Democrat led Congress.

Ignore for a moment the fact that President Obama received $1 million from BP before he gave the Deep Sea Horizon oil rig a safety award and exempted them from several regulatory practices, all before the greatest ecological disaster in our history occurred. Instead of focusing on that, realize this. Under the Obama/Pelosi/Reid government economy that has taken over the free market economy, big business has been receiving more federal financial aide than ever before. And in those cases where the public perception is that federal aide, or more federal aide, is seen as truly unreasonable, the Obama government has simply taken over those interests, i.e.; Government Motors.

But even more to the point is the despicable case of General Electric.

Since the Obama/Pelosi/ Reid regime came into power, G.E. has benefited from a strong relationship with Democrats and the White House. It’s chairman, Jeffrey Immelt is a member of the President Obama’s economic advisory council. In turn, G.E. has been an ardent supporter of the Obama/Pelosi/Reid stimulus package, a package that G.E. received a few billion in federal bailout funds from. Among other things, the economic conspiracy begs the question, how many members of Congress and the Administration have vested interests in G.E. stocks?

But beyond that is the ugly spectacle that is taking place right now as G.E. continues one of its most extensive and expensive lobbying campaigns ever. After receiving billions of dollars in federal bailouts funds, General Electric is lobbying Congress for more than $485 million in this years annual defense appropriations bill and continued support for their development of an alternate engine for F-35 Joint Strike Fighter jet program. It is anticipated that over the next 25 years, the federal government will purchase more than 2,400 joint strike fighter aircraft and it is G.E.’s contention that the alternate engine they are developing will eventually bring the costs of the F-35 Joint Strike Fighter program down significantly.

To make their case known, so far this year G.E. has spent millions on a national ad campaign and in just the first three months of this year, over $10 million was spent to directly lobby Congress for this year’s annual defense appropriation request. At least now we know why the financial arm of G.E. needed a few billion in bailout funds?

Interestingly, General Electric is not alone in this alternate engine project. They are partnered with the U.K’s Rolls Royce corporation. But the Connecticut based G.E. employs hundreds of thousands of employees across the United States, and have a vital manufacturing presence in many regions. For instance, G.E. houses a major plant in Cincinnati, Ohio where unemployment stands at nearly 9.5%.

That high unemployment rate is what makes the latest part of this G.E. lobbying effort all the more troubling.

If this $485 million subsidy goes into the defense appropriation bill, that is coming up for a vote today, the G.E./Rolls Royce alternate engine will be manufactured in Great Britain.

Now to be fair, President Obama vows to veto this earmark, the only one he has ever made such a threat over. But President Obama’s objections are due to his desire to cut defense and Pentagon costs. And it his belief, and that of Defense Secretary Gates, that the investment in the development of this alternate engine will not produce a savings significant enough to justify the initial investment. That is fair enough. Besides, I believe that significant cost reductions and budget cuts that do not place us at a strategic disadvantage, could and should be made in the Pentagon . I do however lack confidence in President Obama’s ability to do so properly. His termination of missile defense systems and rejection of the F-22 stealth fighter program, lends credence to my lack of confidence.

But in the case of this alternate engine I can agree with the President on discontinuing this particular earmark. But I oppose it on two grounds. In addition to already costing too much and not producing a savings that is worth the investment at this time, I do not want to subsidize jobs in foreign countries when we need them here in America……..especially manufacturing jobs.

Yet Congress does not see it this way. They are prepared to fight the President on this. And unless they back down, that fight could get ugly and cost the President support on several other initiatives such as the repeal of the military’s Don’t Ask Don’t Tell policy.

In the end, this is just another case of the Obama Administration getting tangled up in a broader web of tricks. In this case, he has in many ways benefited from placing his friend, G.E. chairman Immelt on his economic advisory council. Immelt in turn supported the federal bailouts and stimulus packages that his company profited from. Then he used those profits to lobby the Obama/Pelosi/Reid regime for more subsidies that would ultimately go towards building a product that G.E. will make a substantial profit from, all while taking manufacturing jobs out of America and giving them to foreign interests.

This is all just another example of how truly damaging and useless the Obama economic recovery plan has been. On a day that American consumer confidence is reported to be at one of its lowest points in year’s, finding out that the Obama bailouts and stimulus plan is helping to finance efforts to ship jobs overseas, is not encouraging. If anything, it is insulting. Hopefully Congress will not approve additional funding for this alternate engine. At least not so long as it involves taking more of American manufacturing jobs oversees at a time when they are desperately needed here. Because in case you haven’t noticed, unemployment is not exactly falling at any significant pace, despite all the federal spending that was meant to do that.

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Bookmark and Share     In 2006 Maryland and Virginia elected rising stars in the Democratic party to govern them.

Virginia Governor Tim kaine

Virginia Governor Tim kaine

Tim Kaine took control of Virginia and Martin O’Malley took over Maryland. The two of them are quite alike. They are Catholics with experience as mayors and they both promised to “move” their states “forward”.

They promised to alleviate the congestion problems in their Washington, D.C.suburbs and to improve the quality of life in general. They also ran during elections cycles that were quite good for Democrats.

Now,  two years later, both of these gentlemen are facing a change in plans.

Maryland Governor Martin O'Malley

Maryland Governor Martin O'Malley

The economic downturn has severely altered their plans for alleviating congestion and improving the quality of life. That is largely because all of their plans were based on more spending and now, states do not have enough money to increase spending.

Of course both of these states could do what New Jersey does. They could raise taxes, tolls and tariffs on everything from gardening to joining a gym. But that might not be the best way for Tim Kaine to win an election in Virginia and this year he is running for reelection.

New Jersey Governor jon Corzine

New Jersey Governor jon Corzine

The truth of the matter is that this year, Tim Kaine shares a lot in common, not only with Maryland’s O’Malley but with New Jersey’s Jon Corzine.

New Jersey and Virginia are the only two states in the nation electing Governor’s and Corzine., like Kaine, faces a derailment of his intended path, paths that were based on increased spending.  Now they both face out of control budgets that rely on help from the federal government.

They are not the only states with such troubles but they are the only two who are governing states that will become electoral battlegrounds.

With the focus on Virginia and New Jersey, every consultant, election lawyer and celebrity will be traveling to New Jersey and Virginia to help pull their respective side across the finish line and into first place.

For Democrats the election could be a reaffirmation of their majority status and their total control in Washington. At this point in time it will not necessarily be a referendum on President Barack Obama or the Democratic party but during the course of the next 7 months, it could easily become one .

President Obama is the titular head of the Democratic party and Tim Kaine is now the Chairman of the party. That means that anything Democrats do nationally could easily be echoed in Virginia and New Jersey voters could easily also use their vote as a form of protest.

We are intertwined and people react to events, regardless of where they happen or who is in question.

Former Denator Bill Bradley

Former Senator Bill Bradley

In 1990 New Jersey’s Bill Bradley was running for reelection to the United States Senate. Republicans nominated a little known county Freeholder named Christie Whitman. Bradley should not have had any problems winning reelection but with a bit more than 1.9 million votes cast, he barely won.

Former NJ Governor & EPA Director Christie whitman

Former NJ Governor & EPA Director Christie whitman


Well fellow Democrat, New Jersey Governor Jim Florio, had raised state taxes by $2.8 billion. Voters were madder than ever and even though Florio was not on the ballot, they took their anger out on Bradley. Out known and outspent by Bradley, Whitman came within 56,000 votes of unseating Bradley and catapulted herself into the Governor’s mansion when it came time to run against Jim Florio.

The same type of backlash could happen in Virginia and again in New Jersey in this election cycle if Democrats take their tax and spend policies too far.

In New Jersey, Governor Jon Corzine has already gone too far and he simply promises to go even further. His first budget, almost three years ago, raised taxes by nearly $2 billion dollars and like Florio, he invented a few new taxes. And like Tim Kaine, all of Jon Corzine’s promises relied on increased spending.

Former NJ Governor Jim Florio

Former NJ Governor Jim Florio

So Democrats in Virginia and New Jersey are going to have a tough go at it. Corzine more than Kaine, but as the new Chairman of the Democrat National Committee, Tim Kaine could find himself on par with Corzine by the time elections roll around in November.

As for Republicans, their races will not be easy.

At the moment, Democrats have the upper hand in fundraising and organization. They also have a President with a clean slate and if the President maintains his current popularity he could be an asset to them and he will surely be one of those “celebrities” shuttling back and forth between D.C, Virginia and New Jersey.

But Republicans have the most at stake.


RNC Chairman Mike Steele

The RNC’s new national Chairman, Mike Steele promises to make New Jersey and Virginia priorities in the coming months and losing in these two states will only deepen the rut we are in.

Victories in these two states will go along way in proving that the G.O.P. may be down but they are not out and it could set the stage for their resurgence.

Perhaps the best way to boost their fortunes will be by highlighting the common bond that exists not only between Virginia’s Tim Kaine and Maryland’s O’Malley or Tim Kaine and New Jersey’s Jon Corzine …..Spending.

All of these people promised to spend our way into happiness and they promised to do so with taxpayers money. But now that we do not have any money to spare, their promises are broken and the only way they can try to stay on their promised courses is by taxing us even more.

Republicans need to point out that Democrat leadership , from Obama to Kaine, Corzine, O’Malley and every liberal in between, is based on taxing and spending and after all their government spending is said and done, all they have left to show for it is the need to raise taxes and spend some more.

Pointing out the wrongness of liberal policy alone is not enough though.

New Jersey and Virginia Republicans will need to nominate conservative oriented candidates for governor. They can not put forward nominees that are wishy-washy and afraid to go out on a limb and stand against initiatives designed at “spreading the wealth”.

And then they must offer solutions. Solutions that do not require government spending or loony tune government mandates like the low income housing mandates initiated by New Jersey’s Council On Affordable Housing.

If Republicans in New Jersey and Virginia can recapture their inherent conservative oriented ideology, they just might be able to reclaim some territory that is currently controlled by vulnerable liberals.

Either way, brace yourself. Whether you live in these battleground states or not, the 2009 election cycle will be intense.

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A young man’s parents were trying to figure out what their son’s future career would be so they decided to give him a test.

They took a twenty dollar bill, a Bible, and a bottle of whiskey, and put them on the front hall table. Then they hid, hoping he would think they weren’t at home. The father told the mother, “If he takes the money he will be a businessman, if he takes the Bible he will be a clergyman but if he takes the bottle of whiskey, I’m afraid our son will be a drunkard.”

So the parents took their place in the nearby closet and waited nervously. Peeping through the keyhole they saw their son arrive home. He saw the note they had left, saying they’d be home later. Then, he took the twenty dollar bill, looked at it against the light, and slid it in his pocket. After that, he took the Bible, flicked through it, and took it also. Finally, he grabbed the bottle, opened it, and took a whiff to be assured of the quality. Then he left for his room, carrying all the three items.

The father slapped his forehead and said, “Darn, it’s even worse than I could ever have imagined…”

“What do you mean?” his wife asked.

“Our son is going to be a politician!” replied the very unhappy father.

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Recently New Jersey’s state Democrat party boss and Deputy Assembly Majority Leader,  Joe Cryan of Union County explained that in the upcoming election, the liberal choice for Lieutenant Governor on the democratic ticket must be a minority or a woman.

The party boss added that the nominee for Lieutenant Governor should be “someone who doesn’t look like the governor.”

According to Cryan, Democrats must select a woman or a minority because they “want to be inclusive” and “that’s important”.

We find that interesting.

It is interesting that the state’s chief Democrat party leader is seeking to bolster the chances of reelecting the state’s chief elected Democrat by creating a visual image of inclusion. Forget about the most qualified or the best person for the times we are in. Just base the decision on looks. Base the leadership of New Jersey on skin color or sex.

Well ladies and gentlemen, we wish Democrats a lot of luck with that strategy.

They will need it. After all it isn’t Jon Corzine’s good looks that will win him reelection as Governor and it isn’t the color of ones skin or their sex which will get them elected.

And if the image of a minority or a woman is what they are looking for in a Lieutenant Governor, than they will like the Republican ticket that POLITICS 24/7 is hoping for.

A few weeks before POLITICS 24/7 began our petition effort to repeal the automatic pay raise that Congress is getting, we began a campaign to nominate State Senator Jennifer Beck as our nominee for Lieutenant Governor.

This decision was made based upon Senator Beck’s ability, not her gender.

We do not promote the candidacy of Jennifer Beck because she is a woman. Unlike the intentions of Democrats, we have chosen Senator Beck based upon her record, leadership and ability. We believe that Jennifer Beck is the best person for Lieutenant Governor not because she looks the part but because she is right for the part.

Two of the most important issues facing New Jersey are the economy and ethics.

On both of those issues Jennifer Beck has been leading the way for reform, reform of a state economy that is stripping us of the entrepreneurial spirit that fuels our economy and reform of the way that the state and it’s public servants conduct business.

In addition to that, Senator Beck brings a conservative approach to government without a politically partisan twist. Her appeal to Democrats, Republicans and independents alike proves her inclusive approach to governance. Her victories in strongly Democrat districts demonstrates her inclusiveness and proves that you do not need not be a minority to address minority concerns.

Of course it might just be time for New Jersey Democrats to try to prove that they can properly address and represent women and minorities. Republicans have elected minorities to the state legislature and unlike Democrats, Republicans have nominated women to the United States Senate and we have nominated and elected a female Governor. One of the longest serving congessional representatives that New Jersey sent to Washington, D.C. was a woman.  A Republican woman. So New Jersey Republicans have represented minoroities and woman for quite some time now.  New Jersey Democrats just have some catching up to do. 

Furthermore; unlike Assemblyman Joe Cryan’s plea, New Jersey Republican women and minorities are capable, competent individuals who are selected because of their superior skill and leadership, not simply because they are a minority or a woman.

That is why we at the draft Jennifer Beck for Lieutenant Governor campaign are excited by the prospects of having Jennifer Beck as our nominee for Lieutenant Governor.

She is everything that Democrats like party Chairman Joe Cryan want in their own candidate for Lieutenant Governor. Perhaps running against the inclusive candidacy of Senator Beck is something that New Jersey Democrats fear.   And well they should.



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And Be Sure To Also Sign The Petition To


Sign the Online Petition – To Repeal The Automatic Pay Raise That Congress Is Receiving Congress

Pass The Link On To Family, Friends and Co-workers


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To All My Democrat Friends and others:

Please accept with no obligation, implied or implicit, my best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. I also wish you a fiscally successful, personally fulfilling and medically uncomplicated recognition of the onset of the generally accepted calendar year 2009, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great. Not to imply that America is necessarily greater than any other country nor the only America in the Western Hemisphere . Also, this wish is made without regard to the race, creed, color, age, physical ability, religious faith or sexual preference of the wishee.

Submitted by Dick, Williamsport, Md.

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The new year will give us a new President and a newly elected Congress.  Only 61 individuals are truly newly elected to it though.  The remaining 474 are simply returning to continue their work (two are moving from the house to the senate).  But in this session, all of them are expected to bring about that much “touted change” that many of them promised along with President-Elect Obama.

How much “change” they will actually bring and what kind of change they will be responsible for has yet to be seen but early on, there exists one change that they will effect right away.

While the nation and the world have entered into economic troubles, the 535 collective members of the House of Representatives and Senate will have the opportunity to see their salaries change with an increased of as much as $4,700 a year.

The pay raise is automatic and turns out to be about a 2.8% increase and although it may not sound like much, when one considers the circumstances of the times that we are in, accepting such pay raise would be criminal.

I say criminal because there do not exist many American institutions that can determine their own salary at their own whim. And there are even fewer institutions that would dare to accept more money when they have less money to spend. 

On top of that, given the fact that elected federal office holders already make a touch more than $169,000, most Americans feel that that is quite suitable. In fact many Americans might consider it to be a great deal more than suitable. Seeing as how Congress currently has an approval rating of 18.4% and a disapproval rating of 73.4%, I would say that most Americans think that $170,000 for the bad job they are doing is totally inappropriate and way too much.

So why should they get almost $5,000. More for their poor approval?

Even more disturbing,  how can they look voters in the eye and claim to understand that the economic climate is rough but that it is necessary for them to shoulder additional costs that Congress had a hand in creating in the first place.

While Congress approves bailing out almost every faction of the private sector that requests help, how can they also accept more money too? Is that the type of change that the elections of ’08 meant,……… more spending and higher Congressional salaries?

The amount of money we are talking about in regards to the pending pay raise may be minuscule when compared to a 7 or 8 hundred billion dollar bailout but it is still more money being spent. It is still more money being paid by taxpayers and it is still more money than each member of Congress requires. But more than that , accepting a pay raise during the time we are in is a horrific symbolic gesture that essentially tells the American taxpayer “screw you, were in charge and we are going to do what we want, when we want and how we want”. Never mind the out of work salesman who has no conglomerate that can’t slip congressmen or senators a hefty campaign donation and then request federal assistance for himself. Never mind the additional taxes that Democrats will be requesting taxpayers to pay or the out of work taxpayer who can’t afford to pay their property taxes this year.

By accepting a pay raise, Congress will be making it clear that they have absolutely no concern for the people whose money they spend.

With Democrats in total control of government, if the 2.8% pay raise goes through, than their hold on power will be short lived. If Harry Reid and Nancy Pelosi do not put a stop to increasing their salaries than folks, they are not just greedy, they are downright stupid and should not be in office in the first place.

Having control of government makes Democrats responsible for what happens in government.  It makes them totally responsible. Accepting a pay raise at a time like this is something that they will have to be held accountable for and they will.

But there is still a chance for them to save face. If they act responsibly and derail any efforts to increase their salaries, they can spare themselves the blame and avoid the certain repercussions of their greed and irresponsibility.

That is one reason why President-Elect Obama should publicly urge the House of Representatives and the Senate to show the American people that they have their priorities in order and that they are aware of the tough times we may be in and demand that they forgo any raise and repeal the 2.8% increase that they will receive.

It is also why POLITICS 24/7 has issued a national petition.

It is a “Declaration of Rejection of a Congressional Pay Raise

As a free society, we cannot simply wait for our representatives to act. We must make our desires known before they act.

In the case of irresponsible government action we cannot wait for irresponsibility to be enacted, we must avoid it from happening . So we have initiated a petition to Congress. It is a petition that calls upon them to reject any increases in theirsalaries, staffs and office budgets, as well as personal expense limits, and currently allocated per diem expenses. If such a vote or votes are passed at any point during the sessions between January 2009 and January 2011 we demand that a new vote repealing such increases be brought to the floor of both the House of Representatives and the Senate”.

Simply click here for the “DECLARATION of REJECTION of CONGRESSIONAL PAY RAISE” Online petition and make it clear that will tolerate spending more on Congress than they are worth and that you certainly do not intend to tolerate their greed.

After signing it you must still do two things.  Pass this petition on to others.  Just cut and past the following link into an email


Then send it to friends, family and business associates and urge them to do the same. 

Once you’ve done that, the second thing you must do is contact the two U.S. Senators representing you in your state and your congressman.  Do so either by phone, snail mail or email.  No matter how you want to do it, just do it!

If you are really ticked off over this potential pay raise, write your local newspapers too.   Send letters to the editors voicing your disapproval of any hint of raising congressional salaries at a time like this.


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conservaphobia: noun. The fear of the American conservative political movement, often based on unfounded   stereotypes and distortions.

You might be conservaphobic if:

  • You’ve never really listened to Rush Limbaugh because you’re already sure that you disagree with practically everything he’s ever said.
  • You refer to liberal Catholics, Protestants and Jews as “people of faith” but conservative Catholics, Protestants and Jews as the “religious right” or “radical religious right”. (Maybe you have a thing for alliteration too.)
  • You think all white Republicans are racists and all black Republicans are sellouts.
  • You are a champion of first amendment rights except in public school classrooms and in front of abortion clinics.
  • You’re glad you’re not a Republican because after all, they want to starve school children and senior citizens.
  • You actually think that “liberal” and “progressive” are synonymous.
  • In your opinion, a government donation to the poor is somehow more effective than yours would be.
  • You only listen to and respect the views of “open-minded” people who think like you do.
  • You blame society’s problems on “religious fanatics” and “corporate greed”, never on the irresponsible behavior of individuals.


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Republican Nominee, Senator John McCain Up's the Ante.....Offers Obama the Chance for Less Talk and More Action

Republican Nominee, Senator John McCain Ups The Ante

In the face of a historic federal bailout that is intended to save a crucial sector of the financial markets, Senator John McCain has suspended his campaign for President. In doing so the Senator has taken politics out of problem solving, at least for the moment.

Some may call it a political ploy. I see it as an example of one of the driving forces behind his campaign and his service to our country. John McCain has repeatedly stated that we must serve a cause greater than ourselves and throughout his life he has done so. The temporary suspension of his campaign, in deference to one of the most drastic economic decisions in our nation’s history, is done in, fact, to again serve a greater cause .

The collapse of Wall Street financial institutions that over extended their risks has raised the need for the federal government to step in, in  order to prevent a ripple effect that could deepen the crisis. John McCain warned of this crisis over two years ago. As a sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, McCain saw the needs to reign in unbridled overextension of risk. This bill would have headed off what is now being called a crisis. However this bill was blocked by Democrats as well as some of the Republican, good old boys, that Sarah Palin and John McCain have been known to take on before.

A check of the congressional record shows McCain giving a speech about apparent accounting fraud at Fannie Mae and Freddie Mac. Not only that, McCain said he was “concerned” about the magnitude of the role played by these government sponsored entities in the mortgage market, when they were obviously not being regulated in a responsible manner.

Now some may argue that deregulation led to this crisis. They may claim that the ideological penchant for less regulations credited to conservative Republicans are responsible for it. You may claim that but such a claim cannot be made about John McCain who warned us of this situation and provided a bill that would have prevented it. A bill that Democrats blocked.

I contend that proper regulation was not applied to these troublesome institutions. However, overregulation would also produce negative effects. The right type of regulation in the form of moderation was required and that is what John McCain offered. I will also add that the accounting fraud McCain mentioned in the congressional record was conducted in large part by Democrats, some of the very Democrats who led groups like FannieMae and are now economic advisors to Barack Obama. People like Franklin Raines who had to go before a House subcommittee to address allegations that he and his finance team had cooked the mortgage giant’s books, when Raines was the C.E.O. of the now failed Fannie Mae. In 2004.


It should also be noted that Under the Clinton administration mandates were created that forced FannieMae and FreddieMac to extend a set percentage of high risks loans to low income and minority applicants. This was a government fiat that obliged these institutions to enter even more higher risk loan extensions.

So one side can blame the other. Republicans can be blamed for too little regulation and Democrats can be blamed for attempts to create too much regulation and shady record keeping. But whichever side you want to blame you cannot blame Senator John McCain.

Despite the record that shows McCain was right, politics prevented his solutions from being applied to avoiding the crisis we are now in. Now, faced with hammering out a solution to the problem we did not avoid, John McCain has made a bold move to suspend politics and politics as usual. John McCain has stepped up to bat and he has declared his intentions to put country first.

Senator McCain has said that he would rather lose an election and win a war than win an election and lose a war. These words are now echoed by deed. They are echoed in his actions to put a cease to talking about action and actually taking action.

Whatever your opinion, John McCain has just upped the ante. The suspension of his campaign and call for his opponent to head back to Washington, D.C. with him, allows McCain to get hold of this crisis and take control of it. He has just forced Barack Obama to either show up or shut up. Either continue with your campaign of words or demonstrate leadership through action.

Both presidential candidates are incumbent senators. They can talk about what they will do as a president but what are they doing within their current capacities? John McCain has just shown us that he will live up to those responsibilities. Once again John McCain answers a call to duty.


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