New Home Sales Fall Sharply in November - FOXBusiness.com
Hopes for a strong recovery in the housing market were dealt a blow on Wednesday when the government said new home sales unexpectedly tumbled in November, taking their steepest decline since the darkest days of the recession amid uncertainty over the extension of a federal tax credit.
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Wednesday, December 23, 2009
Monday, December 21, 2009
The Price Is Right? Payoffs for Senators Typical in Health Care Bill
FOXNews.com - The Price Is Right? Payoffs for Senators Typical in Health Care Bill
Sen. Ben Nelson's hardly the only lawmaker extracting sweetheart deals out of the health care reform bill.
While the Nebraska Democrat got a particularly juicy concession in exchange for a "yes" vote on the 10-year, $871 billion package -- permanent and full federal aid for his state's expanded Medicaid population -- support from a slew of other senators likewise came with a price.
Western states got more money for hospitals that serve Medicare patients. Louisiana got up to $300 million in Medicaid benefits. The list goes on.
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Sen. Ben Nelson's hardly the only lawmaker extracting sweetheart deals out of the health care reform bill.
While the Nebraska Democrat got a particularly juicy concession in exchange for a "yes" vote on the 10-year, $871 billion package -- permanent and full federal aid for his state's expanded Medicaid population -- support from a slew of other senators likewise came with a price.
Western states got more money for hospitals that serve Medicare patients. Louisiana got up to $300 million in Medicaid benefits. The list goes on.
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Wednesday, December 9, 2009
Report: Firms Run by Clinton Pollster Received $5.97M in Stimulus Money
FOXNews.com - Report: Firms Run by Clinton Pollster Received $5.97M in Stimulus Money
In the words of the Church Lady from "Saturday Night Live", "isn't that special?"
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In the words of the Church Lady from "Saturday Night Live", "isn't that special?"
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Thursday, December 3, 2009
PETA Shocker
PETA decides to shock their audiences with a Thanksgiving TV commercial and an ad for adopting pets. I am very disappointed with them. Granted, I'm not a PETA supporter, but I think they can present their case in a better way.
Click here to view the news segment on the O'Reilly Factor.
Click here to view the news segment on the O'Reilly Factor.
White House Crashers Won't Testify, Could Face Subpoenas
FOXNews.com - White House Crashers Won't Testify, Could Face Subpoenas
House lawmakers want answers in a hearing Thursday about how the Salahis managed to sail through security checkpoints while their names were not on a list of approved guests for the dinner.
I guess Congress will spend most of its time prior to the Christmas break dealing with this rather than debating something important. This situation is an embarrassment to the White House, the Pentagon and the Secret Service. Instead of letting this go and enforcing the current process, we are spending day after day dealing with this.
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House lawmakers want answers in a hearing Thursday about how the Salahis managed to sail through security checkpoints while their names were not on a list of approved guests for the dinner.
I guess Congress will spend most of its time prior to the Christmas break dealing with this rather than debating something important. This situation is an embarrassment to the White House, the Pentagon and the Secret Service. Instead of letting this go and enforcing the current process, we are spending day after day dealing with this.
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Monday, November 30, 2009
Leaked E-mails Muddy Waters Ahead of Climate Change Conference
Leaked E-mails Muddy Waters Ahead of Climate Change Conference - FOXNews.com
President Obama faces no easy task in uniting dozens of bickering nations toward the goal of tackling climate change at an international conference in Copenhagen next week. But as if that weren't hard enough, a slew of leaked e-mails in the run-up to the conference has only fueled global warming skeptics who say the cause is bunk.
The president announced last week that he would attend the United Nations meeting, in a bid to drive some manner of agreement to set new greenhouse gas emissions targets -- though a legally binding deal is unlikely.
But shortly before his announcement, hackers broke into the servers at the Climatic Research Unit of the University of East Anglia in Great Britain and posted e-mails in which scientists dismissed climate change skeptics, expressed concern about the lack of evidence to prove the threat of global warming and even made one reference to a plan to "hide the decline" in temperatures.
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President Obama faces no easy task in uniting dozens of bickering nations toward the goal of tackling climate change at an international conference in Copenhagen next week. But as if that weren't hard enough, a slew of leaked e-mails in the run-up to the conference has only fueled global warming skeptics who say the cause is bunk.
The president announced last week that he would attend the United Nations meeting, in a bid to drive some manner of agreement to set new greenhouse gas emissions targets -- though a legally binding deal is unlikely.
But shortly before his announcement, hackers broke into the servers at the Climatic Research Unit of the University of East Anglia in Great Britain and posted e-mails in which scientists dismissed climate change skeptics, expressed concern about the lack of evidence to prove the threat of global warming and even made one reference to a plan to "hide the decline" in temperatures.
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Climate Change Scientists Admit Dumping Data
Climate Change Scientists Admit Dumping Data - Biology | Astronomy | Chemistry | Physics - FOXNews.com
Scientists at the University of East Anglia have admitted throwing away much of the raw temperature data on which their predictions of global warming are based.
It means that other academics are not able to check basic calculations said to show a long-term rise in temperature over the past 150 years.
My thoughts: If the facts don't bare out your conclusion, just dump the data you don't want and leave only the information that proves your point. So what if no one can review your calculations for accuracy. Big deal, right?
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Scientists at the University of East Anglia have admitted throwing away much of the raw temperature data on which their predictions of global warming are based.
It means that other academics are not able to check basic calculations said to show a long-term rise in temperature over the past 150 years.
My thoughts: If the facts don't bare out your conclusion, just dump the data you don't want and leave only the information that proves your point. So what if no one can review your calculations for accuracy. Big deal, right?
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Wall Street Journal OpEd Piece Sums Up Feelings on President Obama for Both Arab and US
I was reading a very interesting article about President Obama in the Wall Street Journal. It was an OpEd piece about the Arabs and how they are no longer applauding Obama's efforts.
This article reminds me of the "Saturday Night Live" skit about Obama's "Do Nothing" position.
The last paragraph in the OpEd piece sums up quite nicely the feeling of the Arabs and the citizens of the United States.
The laws of gravity, the weight of history and of precedent, have caught up with the Obama presidency. We are beyond stirring speeches. The novelty of the Obama approach, and the Obama persona, has worn off. There is a whole American diplomatic tradition to draw upon—engagements made, wisdom acquired in the course of decades, and, yes, accounts to be settled with rogues and tyrannies. They might yet help this administration find its way out of a labyrinth of its own making.
For the entire article, click here.
Saturday, November 28, 2009
Pharmaceutical Research and Manufacturers of America sealed a deal with the White House
ACORN Can Receive Pending Federal Payments, Justice Department Says
ACORN Can Receive Pending Federal Payments, Justice Department Says - FOXNews.com
The Obama administration can legally pay the embattled community organizing group ACORN for services performed under contracts before Congress banned the government from providing money to the group, the Justice Department has declared.
Although I'm not happy with this, I can see why the government can release these funds to ACORN. I do believe that the organization needs to be investigated and closely monitored in the future.
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The Obama administration can legally pay the embattled community organizing group ACORN for services performed under contracts before Congress banned the government from providing money to the group, the Justice Department has declared.
Although I'm not happy with this, I can see why the government can release these funds to ACORN. I do believe that the organization needs to be investigated and closely monitored in the future.
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Friday, November 27, 2009
Senate Poised to Take Up Health Care Bill Next Week
Senate Poised to Take Up Health Care Bill Next Week - FOXNews.com
The Senate's Thanksgiving break will end with a bang Monday when debate is scheduled to begin on sweeping legislation to remake the U.S. health care system, a showdown likely to last for weeks.
The debate on the Senate's version of the legislation will test the strength of a re-energized Republican insurgency and the loyalty of a fractured Democratic majority.
This will be fun to watch. I think the Blue Dog Democrats will be breaking ranks with their party over this bill.
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The Senate's Thanksgiving break will end with a bang Monday when debate is scheduled to begin on sweeping legislation to remake the U.S. health care system, a showdown likely to last for weeks.
The debate on the Senate's version of the legislation will test the strength of a re-energized Republican insurgency and the loyalty of a fractured Democratic majority.
This will be fun to watch. I think the Blue Dog Democrats will be breaking ranks with their party over this bill.
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Thursday, November 26, 2009
Judge Erases $525G Mortgage for N.Y. Couple, Citing "Repulsive" Acts by Bank
Judge Erases $525G Mortgage for N.Y. Couple, Citing 'Repulsive' Acts by Bank - Local News | News Articles | National News | US News - FOXNews.com
A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.
Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its "harsh, repugnant, shocking and repulsive" acts, the New York Post reported.
The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.
Spinner pulled no punches as he smacked down the bankers at OneWest — who took an $814.2 million federal bailout but have a record of coldbloodedly foreclosing on any homeowner owing money.
OneWest also has a similar case in California. In that case, they are trying to foreclose on an 89 year old woman after being told twice by the courts to stop their activities and work with the woman.
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A Long Island couple is home free after an outraged judge gave them an amazing Thanksgiving present — canceling their debt to ruthless bankers trying to toss them out on the street.
Suffolk Judge Jeffrey Spinner wiped out $525,000 in mortgage payments demanded by a California bank, blasting its "harsh, repugnant, shocking and repulsive" acts, the New York Post reported.
The bombshell decision leaves Diane Yano-Horoski and her husband, Greg Horoski, owing absolutely no money on their ranch house in East Patchogue.
Spinner pulled no punches as he smacked down the bankers at OneWest — who took an $814.2 million federal bailout but have a record of coldbloodedly foreclosing on any homeowner owing money.
OneWest also has a similar case in California. In that case, they are trying to foreclose on an 89 year old woman after being told twice by the courts to stop their activities and work with the woman.
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Tuesday, November 24, 2009
ACORN Dumped Sensitive Documents as Probe Began, Private Investigator Says
A private investigator says he found tens of thousands of sensitive documents dumped outside a California ACORN office just days after the state attorney general announced an inquiry into the community organizing group.
Derrick Roach, a licensed investigator based in San Diego, told FoxNews.com he paid an impromptu visit to the city's ACORN branch on Oct. 9 and watched from his car as a man tossed bags of files into a Dumpster outside the building.
For the full story, click on the link below.
ACORN Dumped Sensitive Documents as Probe Began, Private Investigator Says - Local News News Articles National News US News - FOXNews.com
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Derrick Roach, a licensed investigator based in San Diego, told FoxNews.com he paid an impromptu visit to the city's ACORN branch on Oct. 9 and watched from his car as a man tossed bags of files into a Dumpster outside the building.
For the full story, click on the link below.
ACORN Dumped Sensitive Documents as Probe Began, Private Investigator Says - Local News News Articles National News US News - FOXNews.com
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Monday, November 23, 2009
Huckabee's Opinion on the Tragedy at Ft Hood and Political Correctness
Click the link below to view his video.
Huckabee's Opinion: 11/21
Mike Huckabee makes an excellent point about the tragedy in Ft. Hood, TX. He talks about how political correctness kills.
Huckabee's Opinion: 11/21
Mike Huckabee makes an excellent point about the tragedy in Ft. Hood, TX. He talks about how political correctness kills.
Senators Size Up Next Steps in Health Care Debate
Senators Size Up Next Steps in Health Care Debate - FOXNews.com
Calling the Senate health care bill a package that Ponzi schemer "Bernie Madoff would really envy," Republican Sen. Jon Kyl said Sunday that the legislation to be debated in December is long on promises but short on accounting.
To be quite honest, I believe that all government employees should have to use whatever plan that is forced on the public. I'm tired of seeing Congress getting more and more perks. As I have mentioned before, I am not impressed with either party.
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Calling the Senate health care bill a package that Ponzi schemer "Bernie Madoff would really envy," Republican Sen. Jon Kyl said Sunday that the legislation to be debated in December is long on promises but short on accounting.
To be quite honest, I believe that all government employees should have to use whatever plan that is forced on the public. I'm tired of seeing Congress getting more and more perks. As I have mentioned before, I am not impressed with either party.
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Thursday, November 19, 2009
GAO: Stimulus Jobs Data Inaccurate
GAO: Stimulus Jobs Data Inaccurate - FOXBusiness.com
Administration reports that more than 640,000 jobs were created or saved by the government’s $787 billion stimulus program are inaccurate due to flawed reporting from recipients of the money, a report from the Government Accountability Office shows.
About 10% of those jobs – more than 58,000 – were created as the result of projects that so far have reported spending no money, the GAO study issued on Thursday found. Another 10,000 projects that have spent a total of $965 million reported creating no jobs. As many as 10% of stimulus recipients did not report anything to the government’s Recovery Board, the agency created to track the money.
The only benefit I have seen from the stimulus package is the extensions given by the government to my unemployment benefits. So far, I have sent out almost 1200 applications and close to 600 applications. Still nothing, but rejections.
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Administration reports that more than 640,000 jobs were created or saved by the government’s $787 billion stimulus program are inaccurate due to flawed reporting from recipients of the money, a report from the Government Accountability Office shows.
About 10% of those jobs – more than 58,000 – were created as the result of projects that so far have reported spending no money, the GAO study issued on Thursday found. Another 10,000 projects that have spent a total of $965 million reported creating no jobs. As many as 10% of stimulus recipients did not report anything to the government’s Recovery Board, the agency created to track the money.
The only benefit I have seen from the stimulus package is the extensions given by the government to my unemployment benefits. So far, I have sent out almost 1200 applications and close to 600 applications. Still nothing, but rejections.
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Missouri Teen dug Grave Anticipating Murder
Police Mo teen dug grave anticipating murder - Road Runner
This story gave me a sudden chill up and down my spine. The 15-year old girl stated to policed that she wanted to know how it felt to murder another individual.
"Ultimately, she stated she wanted to know what it felt like," Missouri State Highway Patrol Sgt. David Rice testified Wednesday during a court hearing over the slaying.
This is so very sad. Has our society slipped this far? It sickens me to think that following generations are slipping into depravity.
This story gave me a sudden chill up and down my spine. The 15-year old girl stated to policed that she wanted to know how it felt to murder another individual.
"Ultimately, she stated she wanted to know what it felt like," Missouri State Highway Patrol Sgt. David Rice testified Wednesday during a court hearing over the slaying.
This is so very sad. Has our society slipped this far? It sickens me to think that following generations are slipping into depravity.
Monday, November 16, 2009
N. Korea Reportedly Activates Missile Radar
N. Korea Reportedly Activates Missile Radar - North Korea Map Government - FOXNews.com
SEOUL, South Korea — North Korea briefly activated radar for its surface-to-ship missiles Sunday, forcing South Korean naval vessels to move away from a disputed western sea border where the two countries' navies clashed last week, news reports said.
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SEOUL, South Korea — North Korea briefly activated radar for its surface-to-ship missiles Sunday, forcing South Korean naval vessels to move away from a disputed western sea border where the two countries' navies clashed last week, news reports said.
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More about America's Debt: China
While watching Fox News, I was listening to Stuart Varney, the financial correspondent. He pointed that China now owns $797.1 billion of our debt. I find that very alarming. Do you realize that a communist country owns 23.35% of our debt?
With more and more jobs going overseas along with our money, it is very difficult to see us remaining as a super power. What has happened to our nation? I know that we have had public debt since the inception of the United States. However, we are spending more and more. Politicians continue to shovel our money into the furnace at an alarming rate. How can they say that taxes will not go up and that current levels of services will not suffer?
All I can say is that Congress uses smoke and mirrors to help with the disappearing act of our money and jobs.
With more and more jobs going overseas along with our money, it is very difficult to see us remaining as a super power. What has happened to our nation? I know that we have had public debt since the inception of the United States. However, we are spending more and more. Politicians continue to shovel our money into the furnace at an alarming rate. How can they say that taxes will not go up and that current levels of services will not suffer?
All I can say is that Congress uses smoke and mirrors to help with the disappearing act of our money and jobs.
Source: GM to Begin Repaying Aid by Year-End
Source: GM to Begin Repaying Aid by Year-End - FOXNews.com
WASHINGTON -- General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter.
The government debt represents about 13 percent of the $52 billion that U.S. taxpayers have invested in General Motors, the majority of which was exchanged for a 61 percent ownership stake in the company.
GM will announce the repayment plan Monday when it releases its preliminary third-quarter earnings results, the person said, speaking on condition of anonymity. The person was not authorized to speak publicly about the plan ahead of the announcement.
Thank you, GM! It looks like the American Automotive industry is slowly recovering.
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WASHINGTON -- General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter.
The government debt represents about 13 percent of the $52 billion that U.S. taxpayers have invested in General Motors, the majority of which was exchanged for a 61 percent ownership stake in the company.
GM will announce the repayment plan Monday when it releases its preliminary third-quarter earnings results, the person said, speaking on condition of anonymity. The person was not authorized to speak publicly about the plan ahead of the announcement.
Thank you, GM! It looks like the American Automotive industry is slowly recovering.
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Iran Slams U.S. Moves to Seize Muslim-Owned Properties
Iran Slams U.S. Moves to Seize Muslim-Owned Properties - Local News News Articles National News US News - FOXNews.com
NEW YORK — Iran on Sunday denounced as 'disgraceful' U.S. moves to seize four mosques and a New York City skyscraper owned by a Muslim nonprofit organization suspected of Iranian links.
Ali Larijani said the moves show that President Barack Obama's slogan for change was deceitful and he was no different from his predecessor George W. Bush.
I think that this is very interesting. The US has offered to discuss the situation regarding their enrichment program. Iran has rejected it. If Iran has nothing to hide, why won't they discuss this openly.
As I had mentioned before, we have given Iran too much time and opportunities. I think they will have a nuclear weapon shortly or may have one already.
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NEW YORK — Iran on Sunday denounced as 'disgraceful' U.S. moves to seize four mosques and a New York City skyscraper owned by a Muslim nonprofit organization suspected of Iranian links.
Ali Larijani said the moves show that President Barack Obama's slogan for change was deceitful and he was no different from his predecessor George W. Bush.
I think that this is very interesting. The US has offered to discuss the situation regarding their enrichment program. Iran has rejected it. If Iran has nothing to hide, why won't they discuss this openly.
As I had mentioned before, we have given Iran too much time and opportunities. I think they will have a nuclear weapon shortly or may have one already.
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Obama Urges Congress to Delay Fort Hood Investigation
Obama Urges Congress to Delay Fort Hood Investigation - FOXNews.com
President Obama on Saturday urged Congress to hold off on any investigation of the Fort Hood rampage until federal law enforcement and military authorities have completed their probes into the shootings at the Texas Army post, which left 13 people dead.
Agree with the President on this one. Let's let law enforcment and the military complete the investigation before Congress gets involved with it.
Given Congress' past track record on investigations, we will have more questions than answers.
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President Obama on Saturday urged Congress to hold off on any investigation of the Fort Hood rampage until federal law enforcement and military authorities have completed their probes into the shootings at the Texas Army post, which left 13 people dead.
Agree with the President on this one. Let's let law enforcment and the military complete the investigation before Congress gets involved with it.
Given Congress' past track record on investigations, we will have more questions than answers.
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Sunday, November 15, 2009
Time Is Running Out for Iranian Nuclear Deal, Obama Says
Time Is Running Out for Iranian Nuclear Deal, Obama Says - FOXNews.com
SINGAPORE -- President Obama pushed Sunday for continued pressure on Iran and its nuclear program. Appearing with Russian President Dmitry Medvedev, Obama said "we are now running out of time" for Iran to sign on to a deal to ship its enriched uranium out of the country for further processing.
As for me, time ran out a long time ago when it comes to Iran. We have given them too much time and they have gotten further and further in their enrichment program.
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SINGAPORE -- President Obama pushed Sunday for continued pressure on Iran and its nuclear program. Appearing with Russian President Dmitry Medvedev, Obama said "we are now running out of time" for Iran to sign on to a deal to ship its enriched uranium out of the country for further processing.
As for me, time ran out a long time ago when it comes to Iran. We have given them too much time and they have gotten further and further in their enrichment program.
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Tuesday, November 10, 2009
Radical Imam Praises Alleged Fort Hood Shooter, Urges Muslims to "Follow in Footsteps"
Radical Imam Praises Alleged Fort Hood Shooter, Urges Muslims to 'Follow in Footsteps' - International News News of the World Middle East News Europe News - FOXNews.com
The personal Web site for a radical American imam living in Yemen who had contact with two 9/11 hijackers is praising alleged Fort Hood shooter Maj. Nidal Malik Hasan as a hero.
The posting Monday on the Web site for Anwar al Awlaki, who was a spiritual leader at two mosques where three 9/11 hijackers worshipped, said American Muslims who condemned the attacks on the Texas military base last week are hypocrites who have committed treason against their religion.
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The personal Web site for a radical American imam living in Yemen who had contact with two 9/11 hijackers is praising alleged Fort Hood shooter Maj. Nidal Malik Hasan as a hero.
The posting Monday on the Web site for Anwar al Awlaki, who was a spiritual leader at two mosques where three 9/11 hijackers worshipped, said American Muslims who condemned the attacks on the Texas military base last week are hypocrites who have committed treason against their religion.
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Thursday, November 5, 2009
Republicans Rally Resistance to Health Care Bill, as House Vote Nears - FOXNews.com
Republicans Rally Resistance to Health Care Bill, as House Vote Nears - FOXNews.com
As a crowd of protesters shouted "kill the bill," House Republicans on Thursday rallied opposition against the Democrats' health care legislation, even as President Obama touted two major endorsements from doctors and seniors groups.
While I have been traveling, I have talked to a lot of strangers. The one thing we have in common in discussion is the health care bill. No one likes what Congress is doing. Many say the same thing. "VOTE THEM ALL OUT OF OFFICE!"
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As a crowd of protesters shouted "kill the bill," House Republicans on Thursday rallied opposition against the Democrats' health care legislation, even as President Obama touted two major endorsements from doctors and seniors groups.
While I have been traveling, I have talked to a lot of strangers. The one thing we have in common in discussion is the health care bill. No one likes what Congress is doing. Many say the same thing. "VOTE THEM ALL OUT OF OFFICE!"
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Tuesday, November 3, 2009
Sources: House Health Bill Totals $1.2 Trillion
Sources: House Health Bill Totals $1.2 Trillion - FOXNews.com
WASHINGTON -- The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan.
While the Congressional Budget Office has put the cost of expanding coverage in the legislation at roughly $1 trillion, Democrats added billions more on higher spending for public health, a reinsurance program to hold down retiree health costs, payments for preventive services and more.
I guess we are finally talking "real" money here. What's a trillion dollars here and trillion dollars there. The cost of health care is spiraling out of control. We need to address that more than anything else. Think about it. I used to pay $5 for a prescription. The actual cost is almost $40. Since most people including our own doctors are insulated from the true prices of health care, they have no clue what it is costing someone. It doesn't matter who pays for the health care. Ultimately, we all do either through government programs or through higher premiums.
I have friends who are doctors and they are considering going to a cash only system. They are tired of the insurance problems and employing more people just to handle the red tape of the insurance companies. In some offices, there are more people who handle insurance than those who handle patients. Don't you think that's crazy.
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WASHINGTON -- The health care bill headed for a vote in the House this week costs $1.2 trillion or more over a decade, according to numerous Democratic officials and figures contained in an analysis by congressional budget experts, far higher than the $900 billion cited by President Barack Obama as a price tag for his reform plan.
While the Congressional Budget Office has put the cost of expanding coverage in the legislation at roughly $1 trillion, Democrats added billions more on higher spending for public health, a reinsurance program to hold down retiree health costs, payments for preventive services and more.
I guess we are finally talking "real" money here. What's a trillion dollars here and trillion dollars there. The cost of health care is spiraling out of control. We need to address that more than anything else. Think about it. I used to pay $5 for a prescription. The actual cost is almost $40. Since most people including our own doctors are insulated from the true prices of health care, they have no clue what it is costing someone. It doesn't matter who pays for the health care. Ultimately, we all do either through government programs or through higher premiums.
I have friends who are doctors and they are considering going to a cash only system. They are tired of the insurance problems and employing more people just to handle the red tape of the insurance companies. In some offices, there are more people who handle insurance than those who handle patients. Don't you think that's crazy.
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Wednesday, October 28, 2009
Moveon.org Issues Warning to Democrats Opposed to "Public Option"
Moveon.org Issues Warning to Democrats Opposed to 'Public Option' - Political News - FOXNews.com
Moveon.org issued a warning Tuesday to any Democrat who might join Republicans to filibuster a government-run insurance option -- if you oppose the government option you will lose support from the organization's 5 million members
Senate Majority Leader Harry Reid announced Monday that the Senate's version of a health care reform bill will include a so-called public option. Moveon.org issued its e-mail to its supporters threatening revolt one day later.
This doesn't surprise me at all. I figure that this would happen.
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Moveon.org issued a warning Tuesday to any Democrat who might join Republicans to filibuster a government-run insurance option -- if you oppose the government option you will lose support from the organization's 5 million members
Senate Majority Leader Harry Reid announced Monday that the Senate's version of a health care reform bill will include a so-called public option. Moveon.org issued its e-mail to its supporters threatening revolt one day later.
This doesn't surprise me at all. I figure that this would happen.
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Reid Hits Roadblocks in Bid to Pass Health Bill With Government Insurance Plan
Reid Hits Roadblocks in Bid to Pass Health Bill With Government Insurance Plan - Political News - FOXNews.com
Senate Majority Leader Harry Reid was struggling Tuesday to drum up the support necessary to pass a health care reform bill that includes a government insurance plan, with key moderate Democrats backing away from the package ahead of a crucial vote.
Independent Democratic Sen. Joe Lieberman said Tuesday that he would support a Republican filibuster against the bill unless it's changed. Key Democratic moderates including Sens. Evan Bayh, D-Ind.; Ben Nelson, D-Neb.; and Blanche Lincoln, D-Ark., also said they were uncertain how they'd vote, expressing deep reservations about the public plan.
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Senate Majority Leader Harry Reid was struggling Tuesday to drum up the support necessary to pass a health care reform bill that includes a government insurance plan, with key moderate Democrats backing away from the package ahead of a crucial vote.
Independent Democratic Sen. Joe Lieberman said Tuesday that he would support a Republican filibuster against the bill unless it's changed. Key Democratic moderates including Sens. Evan Bayh, D-Ind.; Ben Nelson, D-Neb.; and Blanche Lincoln, D-Ark., also said they were uncertain how they'd vote, expressing deep reservations about the public plan.
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Saturday, October 17, 2009
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending - Political News - FOXNews.com
With the bulk of the $787 billion stimulus package still unspent, some lawmakers say, President Obama should not be adding yet another $13 billion to the deficit by funding a one-time $250 Social Security payment.
The complaints are coming from Republicans, who see last February's recovery act as a fiscal blunder that has failed to stem rising unemployment. In some cases, such as the Social Security checks, they see the pot of money still waiting to be spent as a way to head off additional deficit spending in other areas.
I can tell you from personal experience that the stimulus package did nothing for me. I'm still unemployed and am looking for something during the holidays.
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With the bulk of the $787 billion stimulus package still unspent, some lawmakers say, President Obama should not be adding yet another $13 billion to the deficit by funding a one-time $250 Social Security payment.
The complaints are coming from Republicans, who see last February's recovery act as a fiscal blunder that has failed to stem rising unemployment. In some cases, such as the Social Security checks, they see the pot of money still waiting to be spent as a way to head off additional deficit spending in other areas.
I can tell you from personal experience that the stimulus package did nothing for me. I'm still unemployed and am looking for something during the holidays.
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Senators Raid Troop Funding for Pet Projects, Watchdog Groups Say
Senators Raid Troop Funding for Pet Projects, Watchdog Groups Say - Political News - FOXNews.com
Senators are raiding money meant to pay for troops in Iraq and Afghanistan so they can fund pet projects in their home districts, taxpayer watchdog groups charged this week.
Data compiled by the organizations show that senators attached 778 earmarks worth nearly $2.7 billion to the 2010 defense appropriations bill.
With the economy the way it is and the earmarks already added to other bills such as the stimulus package, Congress has the nerve to seek more and more money for their districts. I guess they are afraid that their voters will not re-elect them after pushing through the current health care reform.
Republicans don't have to worry too much during the next elections. The Democrats are doing a great job in killing their party.
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Senators are raiding money meant to pay for troops in Iraq and Afghanistan so they can fund pet projects in their home districts, taxpayer watchdog groups charged this week.
Data compiled by the organizations show that senators attached 778 earmarks worth nearly $2.7 billion to the 2010 defense appropriations bill.
With the economy the way it is and the earmarks already added to other bills such as the stimulus package, Congress has the nerve to seek more and more money for their districts. I guess they are afraid that their voters will not re-elect them after pushing through the current health care reform.
Republicans don't have to worry too much during the next elections. The Democrats are doing a great job in killing their party.
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Friday, October 16, 2009
Liberals Increasingly Frustrated With Obama's Style and Performance
Liberals Increasingly Frustrated With Obama's Style and Performance - Political News - FOXNews.com
In recent weeks, President Obama has faced increasingly sharp criticism of his style and performance from an unlikely quarter: liberals.
Liberal commentators from Saturday Night Live comedians to newspaper columnists to leftist bloggers to gay rights activists have been portraying Obama as a do-nothing president and "whiner-in-chief," expressing a growing concern that the commander in chief is not showing enough spine.
This is a very interesting turn of events.
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In recent weeks, President Obama has faced increasingly sharp criticism of his style and performance from an unlikely quarter: liberals.
Liberal commentators from Saturday Night Live comedians to newspaper columnists to leftist bloggers to gay rights activists have been portraying Obama as a do-nothing president and "whiner-in-chief," expressing a growing concern that the commander in chief is not showing enough spine.
This is a very interesting turn of events.
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Tuesday, October 13, 2009
Nobel Panel Defends Obama Peace Prize Decision
Nobel Panel Defends Obama Peace Prize Decision - Political News - FOXNews.com
Members of the Norwegian committee that gave Barack Obama the Nobel Peace Prize are strongly defending their choice against a storm of criticism that the award was premature and a potential liability for the U.S. president.
Asked to comment on the uproar following Friday's announcement, four members of the five-seat panel told The Associated Press that they had expected the decision to generate both surprise and criticism.
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Members of the Norwegian committee that gave Barack Obama the Nobel Peace Prize are strongly defending their choice against a storm of criticism that the award was premature and a potential liability for the U.S. president.
Asked to comment on the uproar following Friday's announcement, four members of the five-seat panel told The Associated Press that they had expected the decision to generate both surprise and criticism.
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Insurer Changes Mind: Fat Baby to Get Health Coverage
Insurer Changes Mind: Fat Baby to Get Health Coverage - Children's Health - FOXNews.com
A Colorado insurance company is changing its attitude about fat babies.
Rocky Mountain Health Plans said it will no longer consider obesity a "pre-existing condition" barring coverage for hefty infants. The change comes after the insurer turned down a Grand Junction 4-month-old who weighs about 17 pounds. The insurer deemed Alex Lange obese and said the infant didn't qualify for coverage.
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A Colorado insurance company is changing its attitude about fat babies.
Rocky Mountain Health Plans said it will no longer consider obesity a "pre-existing condition" barring coverage for hefty infants. The change comes after the insurer turned down a Grand Junction 4-month-old who weighs about 17 pounds. The insurer deemed Alex Lange obese and said the infant didn't qualify for coverage.
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Health Care Reform Bill Clears Final Senate Panel, Tough Negotiations Loom
Health Care Reform Bill Clears Final Senate Panel, Tough Negotiations Loom - Political News - FOXNews.com
Health care reform cleared a momentous hurdle Tuesday, as the Senate Finance Committee voted to send its version of the legislation to the Senate floor after months of closely watched deliberations.
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Health care reform cleared a momentous hurdle Tuesday, as the Senate Finance Committee voted to send its version of the legislation to the Senate floor after months of closely watched deliberations.
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White House, Supporters Pile On Health Insurance Industry Over Critical Report
White House, Supporters Pile On Health Insurance Industry Over Critical Report - Political News - FOXNews.com
The White House and congressional Democrats, along with prominent supporters of their health care reform plans, fired back Monday at the insurance industry for issuing a study that claims the reform bill working its way toward a key vote Tuesday will raise the cost of individual coverage by hundreds of dollars a year.
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The White House and congressional Democrats, along with prominent supporters of their health care reform plans, fired back Monday at the insurance industry for issuing a study that claims the reform bill working its way toward a key vote Tuesday will raise the cost of individual coverage by hundreds of dollars a year.
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Monday, October 12, 2009
17-Pound, 4-Month-Old Baby Denied Health Insurance for Being Too Fat
17-Pound, 4-Month-Old Baby Denied Health Insurance for Being Too Fat - Children's Health - FOXNews.com
Nothing brings a smile to an adult's face quicker than the sight of a happy, chubby baby.
But the sight of 4-month-old Alex Lange, who measures 25-inches long and weighs 17 pounds, is bringing a frown to the hypothetical face of insurance company Rocky Mountain Health Plans, The Denver Post reported on its Web site Monday.
The biggest issue is the fact that health insurance companies will not even try to cover people. They want to insure only those who are in perfect health so they can collect the premiums. Health insurance companies push and will continue to push people with pre-existing conditions to state high-risk pools. The premiums in those programs are higher than the highest premiums of the health insurance companies.
I still believe that tort reform is needed in a major way when it comes to medical lawsuits. If the doctor or hospital has done something criminally wrong, then I say throw the book at them. But, if the doctor and hospital have done everything humanly possible, then we don't sue. Doctors and hospitals can only do so much. There are 2 rules in medicine.
1. People die.
2. Doctors, no matter how hard they try or what they do, can't change rule #1.
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Nothing brings a smile to an adult's face quicker than the sight of a happy, chubby baby.
But the sight of 4-month-old Alex Lange, who measures 25-inches long and weighs 17 pounds, is bringing a frown to the hypothetical face of insurance company Rocky Mountain Health Plans, The Denver Post reported on its Web site Monday.
The biggest issue is the fact that health insurance companies will not even try to cover people. They want to insure only those who are in perfect health so they can collect the premiums. Health insurance companies push and will continue to push people with pre-existing conditions to state high-risk pools. The premiums in those programs are higher than the highest premiums of the health insurance companies.
I still believe that tort reform is needed in a major way when it comes to medical lawsuits. If the doctor or hospital has done something criminally wrong, then I say throw the book at them. But, if the doctor and hospital have done everything humanly possible, then we don't sue. Doctors and hospitals can only do so much. There are 2 rules in medicine.
1. People die.
2. Doctors, no matter how hard they try or what they do, can't change rule #1.
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Saturday, October 10, 2009
Obama's Health Plan Offers Medicare Cuts, Tax Increases First, Benefits Later
Obama's Health Plan Offers Medicare Cuts, Tax Increases First, Benefits Later - Political News - FOXNews.com
Sixty years is how long Democrats say they've been pushing for legislation that provides health care access for all Americans. They'll have to wait another three if President Obama gets a bill to sign this year.
Under the Democratic bills, federal tax credits to help make health insurance affordable for millions of low- and middle-income households won't start flowing until 2013 -- after the next presidential election. But Medicare cuts and a sizable chunk of the tax increases to pay for the overhaul kick in immediately.
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Sixty years is how long Democrats say they've been pushing for legislation that provides health care access for all Americans. They'll have to wait another three if President Obama gets a bill to sign this year.
Under the Democratic bills, federal tax credits to help make health insurance affordable for millions of low- and middle-income households won't start flowing until 2013 -- after the next presidential election. But Medicare cuts and a sizable chunk of the tax increases to pay for the overhaul kick in immediately.
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Friday, October 9, 2009
Obama's Nobel Is Premature, Historians and Political Scientists Say
Obama's Nobel Is Premature, Historians and Political Scientists Say - Political News - FOXNews.com
Giving President Obama the Nobel Peace Prize is a "premature canonization" and an "embarrassment" to the process of designating a laureate, a presidential historian says.
"The jury is still out as to what his presidency is going to add up to," Fred Greenstein, author and professor of politics emeritus at Princeton University, told FOXNews.com.
CNN's own polls show that 57% of those polled believe that President Obama should not have received the prize. He took office 2 weeks prior to the deadline to submit candidates.
Honestly, what has he done to deserve this award? I know I will receive a lot of emails for my comments. But, I honestly ask you to provide me with a list of achievements has he done to merit this prestigious award.
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Giving President Obama the Nobel Peace Prize is a "premature canonization" and an "embarrassment" to the process of designating a laureate, a presidential historian says.
"The jury is still out as to what his presidency is going to add up to," Fred Greenstein, author and professor of politics emeritus at Princeton University, told FOXNews.com.
CNN's own polls show that 57% of those polled believe that President Obama should not have received the prize. He took office 2 weeks prior to the deadline to submit candidates.
Honestly, what has he done to deserve this award? I know I will receive a lot of emails for my comments. But, I honestly ask you to provide me with a list of achievements has he done to merit this prestigious award.
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Thursday, October 8, 2009
Reid: Senate Finance Committee to Vote on Health Bill Tuesday
Reid: Senate Finance Committee to Vote on Health Bill Tuesday - Political News - FOXNews.com
Senate Majority Leader Harry Reid indicated Thursday that the Senate Finance Committee will vote on its health care bill Tuesday morning.
Congressional budget experts gave a boost Wednesday to that version of President Obama's proposed overhaul of the health care system, concluding that the bill pending in the Finance Committee would cost $829 billion over the next 10 years -- under the $900 billion target set by Obama.
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Senate Majority Leader Harry Reid indicated Thursday that the Senate Finance Committee will vote on its health care bill Tuesday morning.
Congressional budget experts gave a boost Wednesday to that version of President Obama's proposed overhaul of the health care system, concluding that the bill pending in the Finance Committee would cost $829 billion over the next 10 years -- under the $900 billion target set by Obama.
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Wednesday, October 7, 2009
Senate Health Bill Imposes $29B More in Taxes
WASHINGTON -- California Gov. Arnold Schwarzenegger praised President Barack Obama's drive to overhaul the nation's health care system on Tuesday and urged fellow Republicans to join in efforts to finish the job this year.
The new Republican support for Obama's top domestic priority came as a potential setback emerged for Senate health legislation: Congressional tax experts reported that the bill would impose $29 billion more in taxes on health care industries than originally thought -- levies that could be passed on to consumers in the form of higher premiums.
By placing more taxes on corporations, the consumer will ultimately have to pay more for the goods and services that being taxed. When you get right down to it, you will either pay the government for health care or government via increased prices by corporations who are being taxed.
In either case, the government will get its money and the those in elected office can say without hesitation, "I didn't raise taxes on the consumers."
The new Republican support for Obama's top domestic priority came as a potential setback emerged for Senate health legislation: Congressional tax experts reported that the bill would impose $29 billion more in taxes on health care industries than originally thought -- levies that could be passed on to consumers in the form of higher premiums.
By placing more taxes on corporations, the consumer will ultimately have to pay more for the goods and services that being taxed. When you get right down to it, you will either pay the government for health care or government via increased prices by corporations who are being taxed.
In either case, the government will get its money and the those in elected office can say without hesitation, "I didn't raise taxes on the consumers."
Tuesday, October 6, 2009
$5 Million Embezzlement Report "Completely False" ACORN CEO Says
$5 Million Embezzlement Report 'Completely False,' ACORN CEO Says - Political News - FOXNews.com
ACORN's embattled CEO emphatically disputed on Tuesday a report by the organization's board of directors that $5 million was embezzled from the group, calling it "completely false." Bertha Lewis said the $5 million figure came from two former "disgruntled" directors who had since been voted off the organization's board.
Still more issues.
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ACORN's embattled CEO emphatically disputed on Tuesday a report by the organization's board of directors that $5 million was embezzled from the group, calling it "completely false." Bertha Lewis said the $5 million figure came from two former "disgruntled" directors who had since been voted off the organization's board.
Still more issues.
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Thursday, October 1, 2009
Bills to Defund ACORN Face Legal Hurdles, Experts Say - Political News - FOXNews.com
Bills to Defund ACORN Face Legal Hurdles, Experts Say - Political News - FOXNews.com
Despite overwhelming support in Congress, the effort to turn off the federal spigot that funds ACORN may be facing constitutional and political roadblocks.
In an effort spearheaded by Republicans, the House and Senate voted earlier this month to sever ACORN's federal funding after a series of undercover videos showed some of the group's employees offering advice to a couple posing as a pimp and prostitute on how to skirt tax and immigration laws.
But some legal experts say that the provisions of the bills may be unconstitutional. And the House bill in particular, they say, risks alienating defense contractors, who are longtime allies of Republicans.
Do you believe this?
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Despite overwhelming support in Congress, the effort to turn off the federal spigot that funds ACORN may be facing constitutional and political roadblocks.
In an effort spearheaded by Republicans, the House and Senate voted earlier this month to sever ACORN's federal funding after a series of undercover videos showed some of the group's employees offering advice to a couple posing as a pimp and prostitute on how to skirt tax and immigration laws.
But some legal experts say that the provisions of the bills may be unconstitutional. And the House bill in particular, they say, risks alienating defense contractors, who are longtime allies of Republicans.
Do you believe this?
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Wednesday, September 30, 2009
ACORN May Face Trial for First Time as Nevada Prosecutors Allege "Widespread" Criminal Policies
ACORN May Face Trial for First Time as Nevada Prosecutors Allege 'Widespread' Criminal Policies - Local News News Articles National News US News - FOXNews.com
LAS VEGAS — When ACORN took to Las Vegas and started playing "Blackjack" and "21," the activist group was making a far bigger gamble than it ever guessed, according to Nevada prosecutors.
There's nothing wrong with playing the tables in Vegas, but authorities say ACORN was using the names of those casino games as a cover to illegally pay workers to sign up voters as part of an illegal quota system.
ACORN is just full of surprises. In this case, I think ACORN just threw snake-eyes.
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LAS VEGAS — When ACORN took to Las Vegas and started playing "Blackjack" and "21," the activist group was making a far bigger gamble than it ever guessed, according to Nevada prosecutors.
There's nothing wrong with playing the tables in Vegas, but authorities say ACORN was using the names of those casino games as a cover to illegally pay workers to sign up voters as part of an illegal quota system.
ACORN is just full of surprises. In this case, I think ACORN just threw snake-eyes.
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Monday, September 28, 2009
Bank of America Pulls Back From ACORN Work
Bank of America Pulls Back From ACORN Work - Political News - FOXNews.com
In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to ACORN Housing, an affiliated group, and "will not enter into any further agreements with ACORN or any of its affiliates," pending assessments by the bank of the organization's operations.
ACORN isn't doing so hot.
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In response to questions from The Wall Street Journal, a spokesman for the banking company said it has "suspended current commitments" to ACORN Housing, an affiliated group, and "will not enter into any further agreements with ACORN or any of its affiliates," pending assessments by the bank of the organization's operations.
ACORN isn't doing so hot.
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White House Sees Global "Consensus" to Pressure Iran on Nuclear Program
White House Sees Global 'Consensus' to Pressure Iran on Nuclear Program - Political News - FOXNews.com
The international community is readier than ever to pressure Iran to end its suspected pursuit of a nuclear weapon, the White House said Monday, but some lawmakers expressed skepticism that upcoming talks with the Islamic Republic can produce any results.
Representatives from Iran are expected to meet in Geneva Thursday with delegates from Germany and the five permanent members of the U.N. Security Council, including the United States.
Once again, we are dealing with Iran. With their recent missile test, I believe that there will be a showdown.
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The international community is readier than ever to pressure Iran to end its suspected pursuit of a nuclear weapon, the White House said Monday, but some lawmakers expressed skepticism that upcoming talks with the Islamic Republic can produce any results.
Representatives from Iran are expected to meet in Geneva Thursday with delegates from Germany and the five permanent members of the U.N. Security Council, including the United States.
Once again, we are dealing with Iran. With their recent missile test, I believe that there will be a showdown.
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Friday, September 25, 2009
Ahmadinejad: Obama Will "Regret" Accusing Iran of Hiding Nuclear Plant
Ahmadinejad: Obama Will 'Regret' Accusing Iran of Hiding Nuclear Plant - Political News - FOXNews.com
President Obama, along with the leaders of Britain and France, will "regret" accusing Iran of hiding a nuclear facility, Iranian President Mahmoud Ahmadinejad said Friday.
To be quite honest, I believe that Iran is hiding its program and is well on its way to creating if not using a nuclear weapon. I further believe that North Korea does not quite have a nuclear weapon and is just stating that they have one in order to negotiate the lifting of trade sanctions.
Iran, on the other hand, is keeping things very secret and is actively pushing a line of pacifism only to keep the US and other nations from discovering the truth. In short, I would be worrying about Iran rather than North Korea.
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President Obama, along with the leaders of Britain and France, will "regret" accusing Iran of hiding a nuclear facility, Iranian President Mahmoud Ahmadinejad said Friday.
To be quite honest, I believe that Iran is hiding its program and is well on its way to creating if not using a nuclear weapon. I further believe that North Korea does not quite have a nuclear weapon and is just stating that they have one in order to negotiate the lifting of trade sanctions.
Iran, on the other hand, is keeping things very secret and is actively pushing a line of pacifism only to keep the US and other nations from discovering the truth. In short, I would be worrying about Iran rather than North Korea.
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Thursday, September 24, 2009
Frank Seeks to Clarify Position on ACORN, Expresses Regret Over Probe Request
Frank Seeks to Clarify Position on ACORN, Expresses Regret Over Probe Request - Political News - FOXNews.com
Rep. Barney Frank sought to clarify his position on ACORN on Wednesday after backpedaling on a request for an investigation by the Congressional Research Service into the community organizing group.
Frank said his "biggest error was to sign a letter to the Congressional Research Service which I had not thoroughly read and which does not accurately represent my own position in all aspects."
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Rep. Barney Frank sought to clarify his position on ACORN on Wednesday after backpedaling on a request for an investigation by the Congressional Research Service into the community organizing group.
Frank said his "biggest error was to sign a letter to the Congressional Research Service which I had not thoroughly read and which does not accurately represent my own position in all aspects."
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ACORN Vows "Serious" Internal Probe, Sues Filmmakers
ACORN Vows 'Serious' Internal Probe, Sues Filmmakers - Political News - FOXNews.com
ACORN vows to do a serious internal investigation and also sues the filmmakers. Oh, well. No good deed goes unpunished.
The IRS said it would no longer include ACORN in its volunteer tax assistance program. The program offered free tax advice to about 3 million low- and moderate-income tax filers this spring. ACORN provided help on about 25,000 returns, the IRS said.
As for the lawsuit, ACORN says no tax returns were actually prepared at the Baltimore office, and that the audio portion of the video recorded there was obtained illegally, since Maryland requires two-party consent for sound recordings. The multimillion-dollar lawsuit cites "extreme emotional distress" on behalf of two workers who were fired after the video was posted online.
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ACORN vows to do a serious internal investigation and also sues the filmmakers. Oh, well. No good deed goes unpunished.
The IRS said it would no longer include ACORN in its volunteer tax assistance program. The program offered free tax advice to about 3 million low- and moderate-income tax filers this spring. ACORN provided help on about 25,000 returns, the IRS said.
As for the lawsuit, ACORN says no tax returns were actually prepared at the Baltimore office, and that the audio portion of the video recorded there was obtained illegally, since Maryland requires two-party consent for sound recordings. The multimillion-dollar lawsuit cites "extreme emotional distress" on behalf of two workers who were fired after the video was posted online.
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Wednesday, September 23, 2009
FDIC Considering Borrowing Billions From Banks
FDIC Considering Borrowing Billions From Banks - ABC News
The Federal Deposit Insurance Corporation is considering borrowing billions of dollars from banks to shore up its dwindling deposit insurance fund.
Now this is an interesting twist to all of this. I wonder what sort of interest the US government will have to pay for all of this.
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The Federal Deposit Insurance Corporation is considering borrowing billions of dollars from banks to shore up its dwindling deposit insurance fund.
Now this is an interesting twist to all of this. I wonder what sort of interest the US government will have to pay for all of this.
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Top Five Highest-Paid, Worst-Performing CEOs
Top Five Highest-Paid, Worst-Performing CEOs - ABC News
Investor returns for these companies all dropped at least 20 percent for the one-year period ending this past June. For Abercrombie, BJ and Nabors, the drops were closer to 60 percent.
This is absolutely wonderful. While people are getting laidoff by the thousands, these guys get bonused for poor performance and for saving money by laying people off.
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The CEOs, all of whom saw compensation in excess of $30 million each in 2008, are:
Abercrombie & Fitch: Michael S. Jeffries, $71.8 million
BJ Services Company, J.W. Stewart: $34.6 million
Comcast Corp., Brian L. Roberts: $40.8 million
International Paper, John V. Faraci: $38.2 million
Nabors Industries, Eugene M. Isenberg: $79.3 million
Investor returns for these companies all dropped at least 20 percent for the one-year period ending this past June. For Abercrombie, BJ and Nabors, the drops were closer to 60 percent.
This is absolutely wonderful. While people are getting laidoff by the thousands, these guys get bonused for poor performance and for saving money by laying people off.
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Tuesday, September 22, 2009
ACORN's Internal Investigation Draws Skepticism From Hill
ACORN's Internal Investigation Draws Skepticism From Hill - Political News - FOXNews.com
ACORN's hiring of a Boston attorney to conduct an internal review of its practices was met with skepticism Tuesday as a California lawmaker called for congressional hearings of the community organizing group over use of taxpayer money.
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ACORN's hiring of a Boston attorney to conduct an internal review of its practices was met with skepticism Tuesday as a California lawmaker called for congressional hearings of the community organizing group over use of taxpayer money.
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Reid Threatens "Nuclear Option" to Pass Health Care Reform as Panel Starts Work
Reid Threatens 'Nuclear Option' to Pass Health Care Reform as Panel Starts Work - Political News - FOXNews.com
Senate Majority Leader Harry Reid threatened on Tuesday to use a procedural maneuver to steamroll opponents of health care reform, even as a Senate panel began delicate negotiations over a package that could have the best chance at passing.
The "nuclear option" is a procedural maneuver that would allow Democrats to pass key parts of the legislation with a simple majority, as opposed to the 60 votes needed to avoid a Republican filibuster.
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Senate Majority Leader Harry Reid threatened on Tuesday to use a procedural maneuver to steamroll opponents of health care reform, even as a Senate panel began delicate negotiations over a package that could have the best chance at passing.
The "nuclear option" is a procedural maneuver that would allow Democrats to pass key parts of the legislation with a simple majority, as opposed to the 60 votes needed to avoid a Republican filibuster.
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ACORN Selects Former Massachusetts Attorney General to Lead Internal Investigation
ACORN Selects Former Massachusetts Attorney General to Lead Internal Investigation - Political News - FOXNews.com
Former Massachusetts Attorney General Scott Harshbarger will lead the internal investigation into ACORN's activities following a scandal over the group's operation, ACORN Board Chairwoman Maude Hurd announced Tuesday.
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Former Massachusetts Attorney General Scott Harshbarger will lead the internal investigation into ACORN's activities following a scandal over the group's operation, ACORN Board Chairwoman Maude Hurd announced Tuesday.
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Equifax: Mortgage Delinquencies Set Record
Equifax: Mortgage Delinquencies Set Record - FOXBusiness.com
NEW YORK--High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
Comment: For a lot of families who have experienced layoffs, the American dream of home ownership has slipped away.
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NEW YORK--High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax Inc credit bureau showed on Monday.
Comment: For a lot of families who have experienced layoffs, the American dream of home ownership has slipped away.
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ACORN Worker in Video Reported Duo to Police
ACORN Worker in Video Reported Duo to Police - Local News News Articles National News US News - FOXNews.com
NATIONAL CITY, Calif. — Police say a worker with the activist group ACORN who was caught on video giving advice about human smuggling to a couple posing as a pimp and a prostitute had reported the incident to authorities.
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NATIONAL CITY, Calif. — Police say a worker with the activist group ACORN who was caught on video giving advice about human smuggling to a couple posing as a pimp and a prostitute had reported the incident to authorities.
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Friday, September 18, 2009
Congress Targets ACORN in a Bipartisan Way
Congress Targets ACORN in a Bipartisan Way - Political News - FOXNews.com
Congressional Republicans are clearly united against funneling federal dollars to the community organizing group ACORN. But surprisingly, so are many Democrats.
In a legislative surprise Tuesday, the House overwhelmingly voted to withhold all funding for ACORN. Later Thursday, a Republican senator targeted the group through yet another spending bill, also eyeing a total ban.
I am glad to see that Republicans and Democrats can come together on this. If it were only one incident, I may have said nothing about it and just let it go. But, with all of the videoes and each worse than the last, it is time to investigate the organization who has been receiving federal funds and was being used by the Census Bureau.
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Congressional Republicans are clearly united against funneling federal dollars to the community organizing group ACORN. But surprisingly, so are many Democrats.
In a legislative surprise Tuesday, the House overwhelmingly voted to withhold all funding for ACORN. Later Thursday, a Republican senator targeted the group through yet another spending bill, also eyeing a total ban.
I am glad to see that Republicans and Democrats can come together on this. If it were only one incident, I may have said nothing about it and just let it go. But, with all of the videoes and each worse than the last, it is time to investigate the organization who has been receiving federal funds and was being used by the Census Bureau.
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Tuesday, September 15, 2009
Fourth Videotape Reveals ACORN Advising "Pimp", "Prostitute" in California
Fourth Videotape Reveals ACORN Advising 'Pimp,' 'Prostitute' in California - Local News News Articles National News US News - FOXNews.com
Not again! A fourth video about ACORN providing advise to get around the IRS and get money for housing.
Much like in their previous undercover stings at the group's offices in Baltimore, Washington and Brooklyn, N.Y., filmmaker James O'Keefe, 25, and his 20-year-old partner Hannah Giles, who posed as a prostitute named "Eden," were given assistance on Aug. 17 from a staffer at ACORN's office in San Bernardino on how to avoid detection by law enforcement. The couple even tell ACORN staffer Tresa Kaelke — who admits on the videotape to previously having sex for money — that they plan on bringing in 12 girls from El Salvador to work in a home they hope to acquire via the community organization.
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Not again! A fourth video about ACORN providing advise to get around the IRS and get money for housing.
Much like in their previous undercover stings at the group's offices in Baltimore, Washington and Brooklyn, N.Y., filmmaker James O'Keefe, 25, and his 20-year-old partner Hannah Giles, who posed as a prostitute named "Eden," were given assistance on Aug. 17 from a staffer at ACORN's office in San Bernardino on how to avoid detection by law enforcement. The couple even tell ACORN staffer Tresa Kaelke — who admits on the videotape to previously having sex for money — that they plan on bringing in 12 girls from El Salvador to work in a home they hope to acquire via the community organization.
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Is Rude Behavior Becoming the Norm?
Is Rude Behavior Becoming the Norm? - FOXNews.com
I am sorry. There is no excuse for rude behavior. Children do not use "sir" or "ma'am" at all. Manners do matter! It shows that you respect and care for that individual. By failing to extend that courtesy to individuals, you have, in short, said that you don't respect them at all.
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I am sorry. There is no excuse for rude behavior. Children do not use "sir" or "ma'am" at all. Manners do matter! It shows that you respect and care for that individual. By failing to extend that courtesy to individuals, you have, in short, said that you don't respect them at all.
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Monday, September 14, 2009
Republican Lawmakers Turn Up the Heat on ACORN
Republican Lawmakers Turn Up the Heat on ACORN - Political News - FOXNews.com
A growing number of Republican lawmakers are calling for congressional hearings and IRS audits of ACORN following the release of three videotapes that show the group's employees offering advice to a "pimp" and a "prostitute" on how to skirt the law.
Rep. Steve King, R-IA, said a video released Monday that shows filmmaker James O'Keefe, 25, and Hannah Giles, 20, getting advice from ACORN employees in Brooklyn, N.Y., on how to launder their earnings and avoid detection while running a prostitution business is "another reason to turn it up" on ACORN.
Further in the news article, ACORN has threatened legal action against FOX and those who made the videos.
ACORN chief organizer Bertha Lewis said the videos capturing her former workers were "doctored, edited, and in no way the result of the fabricated story being portrayed by conservative activist 'filmmaker' O'Keefe and his partner in crime."
Lewis said ACORN will take legal action against FOX News and those involved in the making of the videos. She said ACORN offices were also targeted in San Diego, Los Angeles, Miami, New York and Philadelphia, among other places.
After riding this article and the others, ACORN needs to be investigated. According to USASpending.gov, a federal government Web site for tracking government grants, ACORN Housing Corporation received $1.6 million to provide housing services to low-income communities in this fiscal year, ending Sept. 30. The Department of Housing and Urban Development Grants has given $8.2 million to ACORN between 2003 and 2006, as well as $1.6 million to ACORN affiliates.
I think ACORN should use legal action against FOX and the makers of the videos. To be quite honest, ACORN will also suffer from their own legal actions. Going to court or suing someone is like using a double-edged sword. It cuts both ways.
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A growing number of Republican lawmakers are calling for congressional hearings and IRS audits of ACORN following the release of three videotapes that show the group's employees offering advice to a "pimp" and a "prostitute" on how to skirt the law.
Rep. Steve King, R-IA, said a video released Monday that shows filmmaker James O'Keefe, 25, and Hannah Giles, 20, getting advice from ACORN employees in Brooklyn, N.Y., on how to launder their earnings and avoid detection while running a prostitution business is "another reason to turn it up" on ACORN.
Further in the news article, ACORN has threatened legal action against FOX and those who made the videos.
ACORN chief organizer Bertha Lewis said the videos capturing her former workers were "doctored, edited, and in no way the result of the fabricated story being portrayed by conservative activist 'filmmaker' O'Keefe and his partner in crime."
Lewis said ACORN will take legal action against FOX News and those involved in the making of the videos. She said ACORN offices were also targeted in San Diego, Los Angeles, Miami, New York and Philadelphia, among other places.
After riding this article and the others, ACORN needs to be investigated. According to USASpending.gov, a federal government Web site for tracking government grants, ACORN Housing Corporation received $1.6 million to provide housing services to low-income communities in this fiscal year, ending Sept. 30. The Department of Housing and Urban Development Grants has given $8.2 million to ACORN between 2003 and 2006, as well as $1.6 million to ACORN affiliates.
I think ACORN should use legal action against FOX and the makers of the videos. To be quite honest, ACORN will also suffer from their own legal actions. Going to court or suing someone is like using a double-edged sword. It cuts both ways.
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Election Trouble Brewing for House Dems in 2010
Election Trouble Brewing for House Dems in 2010 - Political News - FOXNews.com
NEW YORK -- Despite sweeping Democratic successes in the past two national elections, continuing job losses and President Barack Obama's slipping support could lead to double-digit losses for the party in next year's congressional races and may even threaten their House control.
Fifty-four new Democrats were swept into the House in 2006 and 2008, helping the party claim a decisive majority as voters soured on a Republican president and embraced Obama's message of hope and change. Many of the new Democrats are in districts carried by Republican John McCain in last year's presidential contest; others are in traditional swing districts that have proved tough for either party to hold.
I knew this would happen. If the Republicans want to get back in the good graces of the American people, they need to remain true to their ideology.
NEW YORK -- Despite sweeping Democratic successes in the past two national elections, continuing job losses and President Barack Obama's slipping support could lead to double-digit losses for the party in next year's congressional races and may even threaten their House control.
Fifty-four new Democrats were swept into the House in 2006 and 2008, helping the party claim a decisive majority as voters soured on a Republican president and embraced Obama's message of hope and change. Many of the new Democrats are in districts carried by Republican John McCain in last year's presidential contest; others are in traditional swing districts that have proved tough for either party to hold.
I knew this would happen. If the Republicans want to get back in the good graces of the American people, they need to remain true to their ideology.
- Small government: Reduce the government's footprint and its desire to worm its way into the lives of Americans.
- Fiscal responsibility: Don't spend like drunken sailors. Reduce the waste in government.
- Be responsive to the people: Listen to the people. Don't tell them what they should think and tell them that only elected officials know what's best. This is the big one for most voters. Politicians have been acting like they are not working for us. BIG MISTAKE! If our leaders believe that they don't need to listen to us, we get their attention by voting them out of office.
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Third Videotape Reveals ACORN Assisting Pimp", "Prostitute" in Brooklyn, N.Y.
Third Videotape Reveals ACORN Assisting 'Pimp,' 'Prostitute' in Brooklyn, N.Y. - Local News News Articles National News US News - FOXNews.com
Days after the release of hidden-camera videos led to the firing of four ACORN workers in Baltimore and Washington who assisted an independent filmmaker posing as a pimp to apply for an illegal housing loan for a brothel, a third video has surfaced showing ACORN workers offering the same kind of assistance at the organization's office in Brooklyn, N.Y.
Once again, another ACORN problem. I guess there will be an investigation. Or, at least, I hope that there will be an investigation.
The other thing that is very interesting about this whole situation is the information they are giving out. Does ACORN run classes for their employees to teach them techniques on skirting IRS, banking regulations, falsifying loan application information and how to declare underage girls used as prostitutes as "dependents"?
ACORN is missing a perfect opportunity to generate revenue by offering these classes to the public. Or, maybe, they can offer them as part of the punishment as "community service".
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Days after the release of hidden-camera videos led to the firing of four ACORN workers in Baltimore and Washington who assisted an independent filmmaker posing as a pimp to apply for an illegal housing loan for a brothel, a third video has surfaced showing ACORN workers offering the same kind of assistance at the organization's office in Brooklyn, N.Y.
Once again, another ACORN problem. I guess there will be an investigation. Or, at least, I hope that there will be an investigation.
The other thing that is very interesting about this whole situation is the information they are giving out. Does ACORN run classes for their employees to teach them techniques on skirting IRS, banking regulations, falsifying loan application information and how to declare underage girls used as prostitutes as "dependents"?
ACORN is missing a perfect opportunity to generate revenue by offering these classes to the public. Or, maybe, they can offer them as part of the punishment as "community service".
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Saturday, September 12, 2009
After Census Severs Ties, ACORN May Face Scrutiny of Housing Grants
After Census Severs Ties, ACORN May Face Scrutiny of Housing Grants - Political News - FOXNews.com
Conservatives have cheered the Census Bureau's decision to sever ties with ACORN because it had lost confidence in the group, but the hidden-camera videos that prompted ACORN to fire four workers this week could raise more questions about the federal funding ACORN receives for housing outreach.
ACORN Housing Corporation received $1.6 million to provide housing services to low-income communities in this fiscal year, ending Sept. 30, according to USASpending.gov, a federal government Web site for tracking government grants.
The Department of Housing and Urban Development Grants has given $8.2 million to ACORN in the years between 2003 and 2006, as well as $1.6million to ACORN affiliates.
I think it is time we honestly look very closely at ACORN's activities. Needless to say, I agree with the Census Bureau's decision to sever its ties with ACORN.
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Conservatives have cheered the Census Bureau's decision to sever ties with ACORN because it had lost confidence in the group, but the hidden-camera videos that prompted ACORN to fire four workers this week could raise more questions about the federal funding ACORN receives for housing outreach.
ACORN Housing Corporation received $1.6 million to provide housing services to low-income communities in this fiscal year, ending Sept. 30, according to USASpending.gov, a federal government Web site for tracking government grants.
The Department of Housing and Urban Development Grants has given $8.2 million to ACORN in the years between 2003 and 2006, as well as $1.6million to ACORN affiliates.
I think it is time we honestly look very closely at ACORN's activities. Needless to say, I agree with the Census Bureau's decision to sever its ties with ACORN.
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Friday, September 11, 2009
Second Video Shows ACORN Officials Helping "Pimp", "Prostitute" in Washington Office
Second Video Shows ACORN Officials Helping 'Pimp,' 'Prostitute' in Washington Office - Local News News Articles National News US News - FOXNews.com
One day after two ACORN officials in Baltimore were fired for offering to help a man and woman posing as a pimp and prostitute to engage in child prostitution and a series of tax crimes, another secretly shot videotape has surfaced that shows the same couple getting similar advice from ACORN officers in Washington.
ACORN receives government money for their programs. I think there needs to be investigation.
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One day after two ACORN officials in Baltimore were fired for offering to help a man and woman posing as a pimp and prostitute to engage in child prostitution and a series of tax crimes, another secretly shot videotape has surfaced that shows the same couple getting similar advice from ACORN officers in Washington.
ACORN receives government money for their programs. I think there needs to be investigation.
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Thursday, September 10, 2009
ACORN Officials Videotaped Telling Pimp & Prostitute How to Lie to IRS
ACORN Officials Videotaped Telling 'Pimp,' 'Prostitute' How to Lie to IRS - Local News News Articles National News US News - FOXNews.com
Officials with the controversial community organizing group ACORN were secretly videotaped offering to assist two individuals posing as a pimp and a prostitute, encouraging them to lie to the Internal Revenue Service and providing guidance on how to claim underage girls from South America as dependents.
Another black eye for ACORN.
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Officials with the controversial community organizing group ACORN were secretly videotaped offering to assist two individuals posing as a pimp and a prostitute, encouraging them to lie to the Internal Revenue Service and providing guidance on how to claim underage girls from South America as dependents.
Another black eye for ACORN.
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Wednesday, September 9, 2009
Taxpayers Face Heavy Losses on Auto Bailout
Taxpayers Face Heavy Losses on Auto Bailout - Political News - FOXNews.com
WASHINGTON - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.
The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.
OUCH! This is going to continue to hurt the US. I cannot honestly see how our taxes will not be raised. With the debt piling up, our economy will continue to suffer.
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WASHINGTON - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.
The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.
OUCH! This is going to continue to hurt the US. I cannot honestly see how our taxes will not be raised. With the debt piling up, our economy will continue to suffer.
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Friday, September 4, 2009
Is the Dollar Doomed?
Read This Because the Dollar Is Doomed
Brian Richards and I wrote back in March that we thought the dollar might be doomed. That was because:1. The United States has a massive and growing deficit.2. The United States continues to generate significant trade deficits.3. The United States has become oh-so-willing to print money out of thin air to meet its increasing obligations, and to prop up the likes of AIG (NYSE: AIG) and Bank of America (NYSE: BAC).
Given the health care program, stimulus package, bank bailouts, "cash for clunkers" program, we are spending too much money and spending money we really don't have. Take a look at this article on wikipedia. Click here.
Read the article carefully and you will be appalled by what you see.
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Brian Richards and I wrote back in March that we thought the dollar might be doomed. That was because:1. The United States has a massive and growing deficit.2. The United States continues to generate significant trade deficits.3. The United States has become oh-so-willing to print money out of thin air to meet its increasing obligations, and to prop up the likes of AIG (NYSE: AIG) and Bank of America (NYSE: BAC).
Given the health care program, stimulus package, bank bailouts, "cash for clunkers" program, we are spending too much money and spending money we really don't have. Take a look at this article on wikipedia. Click here.
Read the article carefully and you will be appalled by what you see.
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Friday, August 21, 2009
Oil Hits 2009 High Above $74, Eyes Fed Speech
Oil Hits 2009 High Above $74, Eyes Fed Speech - FOXBusiness.com
Now, this doesn't make any real sense to me. I understand that the economy is on the mend according to analysts and that the dollar is stronger against the euro. However, I don't understand why gas prices are going up again.
According the Fox News article, "As yet, there were few signs of recovering U.S. fuel demand. Freight traffic across North America fell 17.9% in the week ended Aug. 15 from the same 2008 week, a trade group said on Thursday in a weekly report." Given that, Americans haven't started driving all over the place and they aren't buying SUV's like crazy again.
Everyone agrees that our economy is driven by petroleum. If the gas prices continue to go up, the so-called recovery in the economy will stall and falter. It will drive us further downward. I feel that the economy has to be nurtured along for a bit before gas prices go up. If this trend in gas prices continues its upward climb like last summer, the economy will tank again. (No pun intended.)
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Now, this doesn't make any real sense to me. I understand that the economy is on the mend according to analysts and that the dollar is stronger against the euro. However, I don't understand why gas prices are going up again.
According the Fox News article, "As yet, there were few signs of recovering U.S. fuel demand. Freight traffic across North America fell 17.9% in the week ended Aug. 15 from the same 2008 week, a trade group said on Thursday in a weekly report." Given that, Americans haven't started driving all over the place and they aren't buying SUV's like crazy again.
Everyone agrees that our economy is driven by petroleum. If the gas prices continue to go up, the so-called recovery in the economy will stall and falter. It will drive us further downward. I feel that the economy has to be nurtured along for a bit before gas prices go up. If this trend in gas prices continues its upward climb like last summer, the economy will tank again. (No pun intended.)
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Democrats Host Few Traditional Town Hall Meetings During August Recess
Democrats Host Few Traditional Town Hall Meetings During August Recess - Political News - FOXNews.com
I honestly believe that no matter what the political affiliation of the host at a health care reform town hall meeting, they will get an earful.
Guys, how different times and ways do we as Americans need to say it? Americans want a say in what is going to happen. Most elected officials believe that they know what the people want. They are delusional. They don't even have a clue.
Now, they are afraid to talk with their constituencies. This is a sad day.
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I honestly believe that no matter what the political affiliation of the host at a health care reform town hall meeting, they will get an earful.
Guys, how different times and ways do we as Americans need to say it? Americans want a say in what is going to happen. Most elected officials believe that they know what the people want. They are delusional. They don't even have a clue.
Now, they are afraid to talk with their constituencies. This is a sad day.
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Thursday, August 20, 2009
Federal Deficit to Hit $1.58 Trillion This Year
Federal Deficit to Hit $1.58 Trillion This Year - Political News - FOXNews.com
Some economists have said that the number isn't too bad. Let's look at the national debt. The nation's debt now stands at $11.7 trillion.
With all of the money going out, we are saddling our children with a massive debt. The only way for the government to continue all of their programs is to raise taxes. I honestly don't see any other way.
If we tax the wealthy and corporations, we will only be taking away from investment capital. I suggest that spending needs to be capped at the government level. All expenditures need to be reviewed.
Senator Arlen Specter, during his last televised town hall meeting, was asked about term limitations and if he would support it. He didn't answer the question. He simply said that term limitations already existing and the voters can exercise it during elections.
Well, ladies and gentlemen, we need to exercise our rights and remove those free-spenders from Congress and send people who are fiscally responsible and are there to serve the nation rather than themselves.
While I have been unemployed for almost 9 months, I have volunteered at a local retirement community. I have cleaned tables, helped lead exercises, teach computer classes, lead Sunday morning worship services and Bible studies and a host of other things. In all cases the needs of the residents have always come first.
When people start putting others ahead of themselves, things get down.
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Some economists have said that the number isn't too bad. Let's look at the national debt. The nation's debt now stands at $11.7 trillion.
With all of the money going out, we are saddling our children with a massive debt. The only way for the government to continue all of their programs is to raise taxes. I honestly don't see any other way.
If we tax the wealthy and corporations, we will only be taking away from investment capital. I suggest that spending needs to be capped at the government level. All expenditures need to be reviewed.
Senator Arlen Specter, during his last televised town hall meeting, was asked about term limitations and if he would support it. He didn't answer the question. He simply said that term limitations already existing and the voters can exercise it during elections.
Well, ladies and gentlemen, we need to exercise our rights and remove those free-spenders from Congress and send people who are fiscally responsible and are there to serve the nation rather than themselves.
While I have been unemployed for almost 9 months, I have volunteered at a local retirement community. I have cleaned tables, helped lead exercises, teach computer classes, lead Sunday morning worship services and Bible studies and a host of other things. In all cases the needs of the residents have always come first.
When people start putting others ahead of themselves, things get down.
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Wednesday, August 19, 2009
Buffett Warns of Threat of Rising U.S. Debt
Buffett Warns of Threat of Rising U.S. Debt - FOXBusiness.com
The Oracle of Omaha has spoken and I believe that he is right in what he is saying. The government is spending money at an unprecedented rate and is running up a huge debt that we will be passing along to our children and their children.
What will future generations say about our spending? They will call us irresponsible and wonder why we didn't put our foot down with our elected representative.
If we have any concern for future generations, we need to put the brakes on all spending and work to reduce the deficit by acting fiscally responsible. We need to be good stewards of our money and "secure the Blessings of Liberty (financial liberty) to ourselves and our Posterity."
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The Oracle of Omaha has spoken and I believe that he is right in what he is saying. The government is spending money at an unprecedented rate and is running up a huge debt that we will be passing along to our children and their children.
What will future generations say about our spending? They will call us irresponsible and wonder why we didn't put our foot down with our elected representative.
If we have any concern for future generations, we need to put the brakes on all spending and work to reduce the deficit by acting fiscally responsible. We need to be good stewards of our money and "secure the Blessings of Liberty (financial liberty) to ourselves and our Posterity."
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Sunday, August 16, 2009
Girl Fined $50 For Selling Lemonade Without Permit in NYC Park
Girl Fined $50 For Selling Lemonade Without Permit in NYC Park - Local News News Articles National News US News - FOXNews.com
This is sad. I honestly can't believe it. Children have always had lemonade stands. When I was driving in my neighborhood, I saw children with lemonade stands. They were selling lemonade for 10 cents a glass. I always stop and buy.
I guess this situation will sour the child's decision to open up a business.
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This is sad. I honestly can't believe it. Children have always had lemonade stands. When I was driving in my neighborhood, I saw children with lemonade stands. They were selling lemonade for 10 cents a glass. I always stop and buy.
I guess this situation will sour the child's decision to open up a business.
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Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says - Political News - FOXNews.com
Auto Dealers Paid for Just 2 Percent of 'Clunkers' Claims, Congressman Says - Political News - FOXNews.com
The government needs to get those checks to the dealers quickly. I have talked with some dealers and they say that they need the cash NOW and can't wait too much longer. Some are having to consider laying off some of their sales people to make ends meet.
Come on, guys, send those checks!
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The government needs to get those checks to the dealers quickly. I have talked with some dealers and they say that they need the cash NOW and can't wait too much longer. Some are having to consider laying off some of their sales people to make ends meet.
Come on, guys, send those checks!
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N. Korea Threatens Retaliation on U.S., S. Korea Over Sanctions - North Korea | Map | Government - FOXNews.com
N. Korea Threatens Retaliation on U.S., S. Korea Over Sanctions - North Korea Map Government - FOXNews.com
Yes, North Korea is once again rattling its saber and trying to prove to the world that they are superpower. Talk about delusions of grandeur. I honestly believe that they will never risk an attack and know that the United States will never strike against them for fear of world opinion.
The best way to handle North Korea is to leave it alone.
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Yes, North Korea is once again rattling its saber and trying to prove to the world that they are superpower. Talk about delusions of grandeur. I honestly believe that they will never risk an attack and know that the United States will never strike against them for fear of world opinion.
The best way to handle North Korea is to leave it alone.
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Thursday, August 13, 2009
Some Auto Dealers Still Await Reimbursement From Uncle Sam Despite Refueled Clunkers - Political News - FOXNews.com
Some Auto Dealers Still Await Reimbursement From Uncle Sam Despite Refueled Clunkers - Political News - FOXNews.com
In my earlier posting, FOXNews pointed out that Americans want some of the stimulus package money returned to them because the program isn't working.
The cash for clunkers program is another fine example of government bureaucracy at work. It will take a considerable amount of time for the government to get around to sending out the checks to the dealers. I can't wait to hear the reasons.
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In my earlier posting, FOXNews pointed out that Americans want some of the stimulus package money returned to them because the program isn't working.
The cash for clunkers program is another fine example of government bureaucracy at work. It will take a considerable amount of time for the government to get around to sending out the checks to the dealers. I can't wait to hear the reasons.
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FOX News Poll: 52 Percent Say Town Hall Protesters Expressing Authentic Outrage - Political News - FOXNews.com
FOX News Poll: 52 Percent Say Town Hall Protesters Expressing Authentic Outrage - Political News - FOXNews.com
After weeks of congressional debate and significant media coverage of the recent town hall meetings being held around the country, more Americans continue to oppose health care reform.
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After weeks of congressional debate and significant media coverage of the recent town hall meetings being held around the country, more Americans continue to oppose health care reform.
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FOX News Poll: Most Americans Want Unused Stimulus Money Returned to Taxpayers - Political News - FOXNews.com
FOX News Poll: Most Americans Want Unused Stimulus Money Returned to Taxpayers - Political News - FOXNews.com
Like most economists, many Americans think the worst of the nation's economic troubles are in the past. The latest FOX News poll finds that 44 percent say the worst is over -- up significantly from 27 percent who thought so in April.
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Like most economists, many Americans think the worst of the nation's economic troubles are in the past. The latest FOX News poll finds that 44 percent say the worst is over -- up significantly from 27 percent who thought so in April.
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Tuesday, August 11, 2009
Senator Arlen Specter Hosting Town Hall Meeting
I'm watching Fox News' coverage of a town hall meeting on health care hosted by Senator Arlen Specter. People are upset with more than just the health care. The people are upset with government's decisions that have been made in a vacuum.
In response to a question regarding the writing of bills at a Junior High School reading level, Senator Specter responded by saying, "I'll try."
Americans are tired of hearing those words from our government. The Congress has not listened to the American people for quite some time. TARP, the Stimulus Package and the continued discussion on health care are just examples of the government's failure to listen to the people. A gentleman talked about trust. The American public no longer trusts the government and is growing tired of this.
I have been unemployed for over 8 months and have talked with many people who are actively looking for jobs. The Stimulus bill hasn't done much for me or others. I have had to apply for extension to my unemployment benefits. I have sent out over 800 resume and almost 400 applications. The American people have no confidence in the economy or the government.
In response to a question regarding the writing of bills at a Junior High School reading level, Senator Specter responded by saying, "I'll try."
Americans are tired of hearing those words from our government. The Congress has not listened to the American people for quite some time. TARP, the Stimulus Package and the continued discussion on health care are just examples of the government's failure to listen to the people. A gentleman talked about trust. The American public no longer trusts the government and is growing tired of this.
I have been unemployed for over 8 months and have talked with many people who are actively looking for jobs. The Stimulus bill hasn't done much for me or others. I have had to apply for extension to my unemployment benefits. I have sent out over 800 resume and almost 400 applications. The American people have no confidence in the economy or the government.
Monday, August 10, 2009
In a Tight Spot, Pelosi Calls Health Care Critics 'Un-American' - Political News - FOXNews.com
In a Tight Spot, Pelosi Calls Health Care Critics 'Un-American' - Political News - FOXNews.com
Name calling is something we should be avoiding. I believe that most Americans are upset by Congress' lack of responsiveness to the American people. Most seem content by not listening to their constituents and are acting as puppets or doing what they think is best. I honestly believe that Congress needs to work with the American people to determine what is needed.
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Name calling is something we should be avoiding. I believe that most Americans are upset by Congress' lack of responsiveness to the American people. Most seem content by not listening to their constituents and are acting as puppets or doing what they think is best. I honestly believe that Congress needs to work with the American people to determine what is needed.
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AP: Sanford Used State Planes for Personal Trips - Political News - FOXNews.com
AP: Sanford Used State Planes for Personal Trips - Political News - FOXNews.com
COLUMBIA, S.C. -- South Carolina Gov. Mark Sanford used state aircraft for personal and political trips, often bringing along his wife and children -- contrary to state law regarding official use, an Associated Press investigation has found.
Ouch! This is going to cost the party in South Carolina dearly. The party that made an issue about morals and holding people to a higher standard is having a mirror placed in front of it.
I sincerely believe the Republican party is doomed if it doesn't change its ways. It needs to be more conservative and less moderate. It needs to work to reduce the size of government. It needs to represent fiscal responsibility and control spending.
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COLUMBIA, S.C. -- South Carolina Gov. Mark Sanford used state aircraft for personal and political trips, often bringing along his wife and children -- contrary to state law regarding official use, an Associated Press investigation has found.
Ouch! This is going to cost the party in South Carolina dearly. The party that made an issue about morals and holding people to a higher standard is having a mirror placed in front of it.
I sincerely believe the Republican party is doomed if it doesn't change its ways. It needs to be more conservative and less moderate. It needs to work to reduce the size of government. It needs to represent fiscal responsibility and control spending.
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Friday, August 7, 2009
Health Care Town Halls Turn Violent in Tampa and St. Louis - Political News - FOXNews.com
Health Care Town Halls Turn Violent in Tampa and St. Louis - Political News - FOXNews.com
I talked with some friends about this. The one thing that stands out in my mind is that the officials elected by the people ARE NOT listening to their constituents.
Health care will be one of the major items on the scorecard for the next election. If something doesn't get done soon, there will be a voter backlash like we have never seen before.
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I talked with some friends about this. The one thing that stands out in my mind is that the officials elected by the people ARE NOT listening to their constituents.
Health care will be one of the major items on the scorecard for the next election. If something doesn't get done soon, there will be a voter backlash like we have never seen before.
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Poster Outrage - FOXNews.com
Poster Outrage - FOXNews.com
I ran across this interesting article about a poster depicted President Obama as the Joker and all of the outrage that has come from it.
Last year, President Bush was depicted as the Joker in Vanity Fair. There was very little outrage. In fact, very little was said by most Republicans and it was taken in stride.
To be quite honest, I really don't appreciate this type of poster of a President. But, I do realize that people are entitled to say what's on their minds. I am a firm believer of the 1st Amendment to the Constitution of the United States.
Over the past couple of months, I have had more and more abusive comments about my observations of politics. I have refused to post those that have been extremely abusive and obscene. I have also realized a few that been very good in stimulating debate. I really appreciate those. The best thing we can do as Americans is to openly discuss problems and work to a solution without being mean-spirited.
For those of you who have been submitting your comments in the spirit of intellectual debate, I thank you.
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I ran across this interesting article about a poster depicted President Obama as the Joker and all of the outrage that has come from it.
Last year, President Bush was depicted as the Joker in Vanity Fair. There was very little outrage. In fact, very little was said by most Republicans and it was taken in stride.
To be quite honest, I really don't appreciate this type of poster of a President. But, I do realize that people are entitled to say what's on their minds. I am a firm believer of the 1st Amendment to the Constitution of the United States.
Over the past couple of months, I have had more and more abusive comments about my observations of politics. I have refused to post those that have been extremely abusive and obscene. I have also realized a few that been very good in stimulating debate. I really appreciate those. The best thing we can do as Americans is to openly discuss problems and work to a solution without being mean-spirited.
For those of you who have been submitting your comments in the spirit of intellectual debate, I thank you.
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Friday, July 24, 2009
Deadline Broken, Talks Continue for Health Bill - Political News - FOXNews.com
Deadline Broken, Talks Continue for Health Bill - Political News - FOXNews.com
Yesterday I was listening to Senator Orin Hatch talking about health care. He pointed out that one-sixth of US economic activity goes to health care. I believe we need to have health care reform. I'm not too keen on the idea of the federal government running it. But, things have to change.
I believe that we as Americans have been shielded too long from the actual prices of health care. After having been laid off, I had to find a health care plan that allowed me to stretch my budget a little further. Now that I'm shouldering more of the financial burden of my health care, I realize just how expensive things are. I think that if we truly knew what things cost, we would act as upset consumers and fight for change and lower prices.
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Yesterday I was listening to Senator Orin Hatch talking about health care. He pointed out that one-sixth of US economic activity goes to health care. I believe we need to have health care reform. I'm not too keen on the idea of the federal government running it. But, things have to change.
I believe that we as Americans have been shielded too long from the actual prices of health care. After having been laid off, I had to find a health care plan that allowed me to stretch my budget a little further. Now that I'm shouldering more of the financial burden of my health care, I realize just how expensive things are. I think that if we truly knew what things cost, we would act as upset consumers and fight for change and lower prices.
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Friday, July 10, 2009
Stimulus Waste? The $3.4 Million Turtle Crossing
Don't get me wrong. I like turtles; however, state governments are just grabbing money and wasting it. The money is supposed to stimulate business and create jobs. Instead of funding projects that creates ongoing jobs, I see more and more projects that create short-term jobs and nothing more.
The President named Biden as his watchdog regarding the stimulus package. So far, I have been unimpressed and we are now talking about a second stimulus package.
Stimulus Waste? The $3.4 Million Turtle Crossing - ABC News
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The President named Biden as his watchdog regarding the stimulus package. So far, I have been unimpressed and we are now talking about a second stimulus package.
Stimulus Waste? The $3.4 Million Turtle Crossing - ABC News
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Wednesday, July 8, 2009
GAO: More Transparency Needed to Track Stimulus Money - FOXBusiness.com
According to the Government Accounting Office, there needs to be better oversight and transparency in tracking the Stimulus funds. Most Americans are starting to feel that the money is being wasted.
GAO: More Transparency Needed to Track Stimulus Money - FOXBusiness.com
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GAO: More Transparency Needed to Track Stimulus Money - FOXBusiness.com
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Friday, July 3, 2009
Ruth Madoff Asks to Keep Her Fur Coat as U.S. Marshals Seize Penthouse - Local News | News Articles | National News | US News - FOXNews.com
After stealing billions of dollars from investors, the family is holding on to fur coats and wanting to stay in the $7 million penthouse. It is my understanding that the government has given Ruth Madoff $2 million to live on. That is very generous.
I saw a news segment with people who have lost their retirement and life savings. One couple lost $2 million. Another woman has lost her home and is now living in her car. She is on the verge of losing her car. She doesn't know where her next meal will come from or if she will have a place to live. The woman didn't have much to begin with, but now she has nothing left.
Ruth Madoff Asks to Keep Her Fur Coat as U.S. Marshals Seize Penthouse - Local News News Articles National News US News - FOXNews.com
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I saw a news segment with people who have lost their retirement and life savings. One couple lost $2 million. Another woman has lost her home and is now living in her car. She is on the verge of losing her car. She doesn't know where her next meal will come from or if she will have a place to live. The woman didn't have much to begin with, but now she has nothing left.
Ruth Madoff Asks to Keep Her Fur Coat as U.S. Marshals Seize Penthouse - Local News News Articles National News US News - FOXNews.com
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Senate Bill Would Fine People More Than $1,000 for Refusing Health Care Coverage - Political News - FOXNews.com
Some people will not be able to afford health due to being laid off or the expense. So, what is the government's response? Fine people who can't afford medical insurance. This makes a lot of sense. Know we know how the government is going to fund their health care program. Fine those who can't afford it. Brilliant.
Senate Bill Would Fine People More Than $1,000 for Refusing Health Care Coverage - Political News - FOXNews.com
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Senate Bill Would Fine People More Than $1,000 for Refusing Health Care Coverage - Political News - FOXNews.com
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Thursday, July 2, 2009
Show Me the Results!
I read that only 7% of the stimulus package money has been spent and most of that money has been spent poorly. According to some analysts, only 25% of the stimulus package money will be spent by the end of the year.
Granted, I'm not one for asking the government to spend money like a drunken sailor. However, this package was sold to the American people as the pill that would solve all of our economic woes. Like drug trials, I think we got the placebo.
The Note: Job One -- Pressure on Obama to Show Stimulus Results - The Note
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Granted, I'm not one for asking the government to spend money like a drunken sailor. However, this package was sold to the American people as the pill that would solve all of our economic woes. Like drug trials, I think we got the placebo.
The Note: Job One -- Pressure on Obama to Show Stimulus Results - The Note
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Official: N. Korea Fires Third Short-Range Missile - North Korea | Map | Government - FOXNews.com
North Korea test fired their short-range missiles. All this managed to do is escalate an already tense situation. All of the saber-rattling that North Korea has done has put the world on edge. A Japanese newspaper said that North Korea could be ready to test a long-range missile by the 4th of July. Given the past situations, I could honestly see them test firing a missile on the 4th of July in order to thumb their noses at the United States.
As I had mentioned in an earlier blog post, Kim Jong-il wants to have military superiority in the region at all cost even if it means his people going hungry. With the average North Korean person earning an annual income of $900, Kim Jong-il drinks a certain Hennessey cognac that sells for $630 a bottle in Korea. According to those around him, Kim Jong-il purchases between $650,000 and $720,000 and has become Hennessey's best customer. People escaping from the tyranny of North Korea also report that he has 17 palaces. His own people do not know about all of this. If they did, I believe his days as leader would be numbered. However, his military would easily crush his opposition.
I feel for the North Koreans.
Official: N. Korea Fires Third Short-Range Missile - North Korea Map Government - FOXNews.com
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As I had mentioned in an earlier blog post, Kim Jong-il wants to have military superiority in the region at all cost even if it means his people going hungry. With the average North Korean person earning an annual income of $900, Kim Jong-il drinks a certain Hennessey cognac that sells for $630 a bottle in Korea. According to those around him, Kim Jong-il purchases between $650,000 and $720,000 and has become Hennessey's best customer. People escaping from the tyranny of North Korea also report that he has 17 palaces. His own people do not know about all of this. If they did, I believe his days as leader would be numbered. However, his military would easily crush his opposition.
I feel for the North Koreans.
Official: N. Korea Fires Third Short-Range Missile - North Korea Map Government - FOXNews.com
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California Government Declares Fiscal Emergency Over Budget - ABC News
One of the barbers at the barber shop I use in Cedar Park and his wife used to live in California. They got one of the IOU's from the state for a refund on their state income tax. It is my understanding that California will have a budget gap of $121 billion. OUCH!
California Government Declares Fiscal Emergency Over Budget - ABC News
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California Government Declares Fiscal Emergency Over Budget - ABC News
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Wednesday, July 1, 2009
Texas Woman Told to Remove 'Offensive' American Flag From Office - Local News | News Articles | National News | US News - FOXNews.com
I read this article and was upset by it. It saddens me that people are offended by the flag and are ashamed of it. I have talked with veterans who have given so much to this nation about this. They are appalled by this.
Texas Woman Told to Remove 'Offensive' American Flag From Office - Local News News Articles National News US News - FOXNews.com
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Texas Woman Told to Remove 'Offensive' American Flag From Office - Local News News Articles National News US News - FOXNews.com
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Thursday, June 18, 2009
Gas Prices Up Again?
When will we learn? I don't understand why gas prices are going up. There hasn't been a major interruption in the flow of oil. If fact, oil stockpiles are higher than they ever were. From where I'm sitting, I see my old friend, Greed, tucking a napkin under his chin and gorging himself.
It seems that investors see the economy improving and want to take advantage of the public once again. Investors see the summer driving season as an excuse to push gas prices up and make a killing off of us. Are we going to stand for it? I say keep conserving and drive down the prices. Until we move forward with a true energy program for our nation, we will suffer more and more at the hands of greed.
As I had said before, I'm not a communist or socialist. I'm believe in free markets, but when people get taken advantage of just for a few more cents per share, I got a serious problem with that. Many Americans are losing their jobs for just a few more cents per share. When gas and diesel prices dropped, did you see the cost of food drop? No, they didn't. They are staying right where they are. As Americans, we have always been able to sacrifice for the good of the nation, but we haven't done that. Why is that? It goes back to that same thing I just mentioned. Companies want a few more cents per share.
It seems that investors see the economy improving and want to take advantage of the public once again. Investors see the summer driving season as an excuse to push gas prices up and make a killing off of us. Are we going to stand for it? I say keep conserving and drive down the prices. Until we move forward with a true energy program for our nation, we will suffer more and more at the hands of greed.
As I had said before, I'm not a communist or socialist. I'm believe in free markets, but when people get taken advantage of just for a few more cents per share, I got a serious problem with that. Many Americans are losing their jobs for just a few more cents per share. When gas and diesel prices dropped, did you see the cost of food drop? No, they didn't. They are staying right where they are. As Americans, we have always been able to sacrifice for the good of the nation, but we haven't done that. Why is that? It goes back to that same thing I just mentioned. Companies want a few more cents per share.
Sunday, May 3, 2009
Arlen Specter Switches Sides
While I was watching a news segment about Arlen Specter's switch to the Democratic party, I was shocked by his reason. He said that he felt that by being a Republican would cost him his Senate seat.
Is that the only reason for your change, Mr. Specter? I thought people who went to Washington served the people and not themselves. It is so sad to hear that people simply change sides to win a seat in the Senate or elected office.
So much for serving the people. I guess it is OK to do change sides if it is for selfish reasons. If he had mentioned something about the party or its platform on spending, military or something else, I could have accepted his change and pointed to my fellow Republicans yet another example of how we are continuing to fail the people.
This week the Republican party leadership met to discuss the future of the party and they are wondering how to improve their image. It is simple, guys.
Is that the only reason for your change, Mr. Specter? I thought people who went to Washington served the people and not themselves. It is so sad to hear that people simply change sides to win a seat in the Senate or elected office.
So much for serving the people. I guess it is OK to do change sides if it is for selfish reasons. If he had mentioned something about the party or its platform on spending, military or something else, I could have accepted his change and pointed to my fellow Republicans yet another example of how we are continuing to fail the people.
This week the Republican party leadership met to discuss the future of the party and they are wondering how to improve their image. It is simple, guys.
- Start acting like Republicans! Small government, less taxes, fiscal responsibility.
- Stop falling prey to the flavor of the day syndrome. Stay focused. I respect individuals who stay on course rather than flip-flopping in their opinions.
- Demonstrate to the American people a sense of nationalism and pride.
- Stand up for the American ideal.
You will be surprised by how just doing these things will change the opinions of the American people.
Thursday, April 16, 2009
Another Tax Day has Come and Gone
I read an article several years ago that stated that Americans spend a total of 300 million man hours to complete their taxes. That is equivalent to all three of the US auto makers producing vehicles for one year. I talked to people from other countries and they said that their income tax systems are worse than ours. I can't even imagine just how complicated their systems are.
As for me, I would prefer moving to a consumption tax. When you consider just how complicated our system, they has to be a better way. I have looked at the "Fair Tax" plan and thought about a consumption tax. To be quite honest, I know that I have to pay for the government, but no matter what system we choose. There must be a change to the spending habits of our local, state and federal governments.
I think that a simplified tax system could be created. When Steve Forbes ran for the White House, he wanted a simplified tax system. I think he was on to something. You could just have a simple flat tax.
Right now, I'm opened to anything that will reduce the amount of time we spend on taxes and wonder in we got the right answer when we sign our forms.
As for me, I would prefer moving to a consumption tax. When you consider just how complicated our system, they has to be a better way. I have looked at the "Fair Tax" plan and thought about a consumption tax. To be quite honest, I know that I have to pay for the government, but no matter what system we choose. There must be a change to the spending habits of our local, state and federal governments.
I think that a simplified tax system could be created. When Steve Forbes ran for the White House, he wanted a simplified tax system. I think he was on to something. You could just have a simple flat tax.
Right now, I'm opened to anything that will reduce the amount of time we spend on taxes and wonder in we got the right answer when we sign our forms.
Wednesday, April 8, 2009
Spend or Save?
This is a question that is facing a lot of people including the President. Should we begin to spend money in order to stimulate the economy in hopes of improving things? Or, do we need to save our money in the event the economy continues its downward trend?
I can say this. With the confidence level of the CEOs extremely low and their predictions that the GDP will decline by 1.9% and more layoffs will occur within the next 6 months, I would say that the answer has already been made. Take a look at it. If people are afraid that they will be laid off, will they honestly consider buying a computer or a big screen television? I don't think so. I don't have a degree from a prestigious business school, but I can tell you that 99% of the people I have talked to will not be spending their tax refund checks on frivolous toys. For example, my brother said that he was using his tax refund to pay off some more of his debt. I think my brother is doing the right thing with his check. Yes, he could have bought something with it; however, he decided that being debt-free was more important.
On the other hand, he could have purchased something and saved a person's job. I am being idealistic. The money wouldn't save a job, but it would be used to pay a bonus or package for some executive in the company. Until we get to a point where confidence increases for both businesses and consumers, Americans will continue to save money. I have a refund check on its way to me and I will be saving it until I find a job.
With more and more Americans out of work, spending will continue to drop and people will save more and more of their money. So, it doesn't matter how money the government pumps into the economy. Until Americans have jobs, we will not be spending. In a recent article, I read that food purchases constitute 49% of Wal-Mart's sales. People are saving money. The days of unbridled consumerism are over.
Have you noticed that gas prices are increasing? So much for spending on luxury items.
I can say this. With the confidence level of the CEOs extremely low and their predictions that the GDP will decline by 1.9% and more layoffs will occur within the next 6 months, I would say that the answer has already been made. Take a look at it. If people are afraid that they will be laid off, will they honestly consider buying a computer or a big screen television? I don't think so. I don't have a degree from a prestigious business school, but I can tell you that 99% of the people I have talked to will not be spending their tax refund checks on frivolous toys. For example, my brother said that he was using his tax refund to pay off some more of his debt. I think my brother is doing the right thing with his check. Yes, he could have bought something with it; however, he decided that being debt-free was more important.
On the other hand, he could have purchased something and saved a person's job. I am being idealistic. The money wouldn't save a job, but it would be used to pay a bonus or package for some executive in the company. Until we get to a point where confidence increases for both businesses and consumers, Americans will continue to save money. I have a refund check on its way to me and I will be saving it until I find a job.
With more and more Americans out of work, spending will continue to drop and people will save more and more of their money. So, it doesn't matter how money the government pumps into the economy. Until Americans have jobs, we will not be spending. In a recent article, I read that food purchases constitute 49% of Wal-Mart's sales. People are saving money. The days of unbridled consumerism are over.
Have you noticed that gas prices are increasing? So much for spending on luxury items.
Thursday, April 2, 2009
Finger Pointing at AIG
I was just reading a series of articles about AIG and its former CEO and largest individual stockholder, Maurice "Hank" Greenberg, who is the creator of the AIG investment unit that triggered the insurance company's meltdown.
In a testimony in front of a congressional panel, he claimed that he was a victim and that he left the company in a solid and profitable condition. Those still at AIG say that Greenberg knew about all of this and was there when the CDS, Credit Default Swaps, were being sold at a fast and furious pace.
To me, I don't care who is to blame regarding all of this, but something needs to happen. I am a capitalist and believe in fair and open markets. However, it seems to me that every time we allow an industry to regulate itself, the industry begins to conduct business with no accountability or responsibility for its actions. Don't get me wrong. I prefer small government and I believe that industries should regulate themselves whenever possible. It just seems like they can't for whatever reason. This situation and the subsequent downturn in the economy is yet another good example of deregulation gone awry.
I miss the days of conservative investments made by solid companies. To me, all of these different investment instruments seem like a big Ponzi scheme to make money for a few. If something happens everyone who can afford it can run for cover. Families like mine and yours get the raw deal and we have to bailout the companies for mistakes made by a few people who don't care about others.
I was watching an old "I Love Lucy" episode this morning with Tennessee Ernie Ford. He played Lucy's cousin. In order to get rid of him, Ricky and Lucy pretend to be broke. Well, cousin Ernie comes to the rescue and gets food and takes up a collection. He presents the money and food to them and tells them that people are good and kind. People come to the aid of one another and do not try to profit from hard times.
There is a lesson for us all. Thanks, cousin Ernie! I hope we can learn from your words.
In a testimony in front of a congressional panel, he claimed that he was a victim and that he left the company in a solid and profitable condition. Those still at AIG say that Greenberg knew about all of this and was there when the CDS, Credit Default Swaps, were being sold at a fast and furious pace.
To me, I don't care who is to blame regarding all of this, but something needs to happen. I am a capitalist and believe in fair and open markets. However, it seems to me that every time we allow an industry to regulate itself, the industry begins to conduct business with no accountability or responsibility for its actions. Don't get me wrong. I prefer small government and I believe that industries should regulate themselves whenever possible. It just seems like they can't for whatever reason. This situation and the subsequent downturn in the economy is yet another good example of deregulation gone awry.
I miss the days of conservative investments made by solid companies. To me, all of these different investment instruments seem like a big Ponzi scheme to make money for a few. If something happens everyone who can afford it can run for cover. Families like mine and yours get the raw deal and we have to bailout the companies for mistakes made by a few people who don't care about others.
I was watching an old "I Love Lucy" episode this morning with Tennessee Ernie Ford. He played Lucy's cousin. In order to get rid of him, Ricky and Lucy pretend to be broke. Well, cousin Ernie comes to the rescue and gets food and takes up a collection. He presents the money and food to them and tells them that people are good and kind. People come to the aid of one another and do not try to profit from hard times.
There is a lesson for us all. Thanks, cousin Ernie! I hope we can learn from your words.
Sunday, March 29, 2009
More Money to the Banks!
I was reading an AP article, "Treasury secretary says market won't solve problem", and learned that there is $135 billion dollars in bailout money left and that more money may need to be provided to the banks.
When is this going to stop? I am all for working out a plan to save the economy especially if it means that I will get a job. (Yes, I am still unemployed. In April, I will be on my fourth month of being unemployed.) However, I do not want to see us building up more and more debt.
To be quite honest, I do not believe the analysts or the treasury secretary has a clue on how to save the economy. Don't look at me for a solution. I just enjoy poking holes in other people's plans. However, something has to give. Companies are still scared to hire people. I have heard from several people the same story. They have interviewed and are just waiting for the company to move forward on hiring. They won't, because they are scared to hire people with the economy the way it is.
I applied for a job in early January with a company looking for a program manager to manage their vendor channels. That job matched my skills perfectly. I contacted the HR department and finally got an answer. The job is indefinite hold. The whole country is on indefinite hold.
When is this going to stop? I am all for working out a plan to save the economy especially if it means that I will get a job. (Yes, I am still unemployed. In April, I will be on my fourth month of being unemployed.) However, I do not want to see us building up more and more debt.
To be quite honest, I do not believe the analysts or the treasury secretary has a clue on how to save the economy. Don't look at me for a solution. I just enjoy poking holes in other people's plans. However, something has to give. Companies are still scared to hire people. I have heard from several people the same story. They have interviewed and are just waiting for the company to move forward on hiring. They won't, because they are scared to hire people with the economy the way it is.
I applied for a job in early January with a company looking for a program manager to manage their vendor channels. That job matched my skills perfectly. I contacted the HR department and finally got an answer. The job is indefinite hold. The whole country is on indefinite hold.
Tuesday, March 24, 2009
Bonuses are One Thing; Jets are Another
A friend of mine, Bruce, posted this on his Facebook wall and I had to go read the article. The AIG bonuses are a little galling to me. Most of the executives have agreed to return them. Good for them. However, buying corporate jets and renovating the hanger to make them more luxurious is another. I find it sickening.
According ABC News, "embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build 'the premier corporate aircraft hangar on the eastern seaboard" to house them.'"
I guess none of this surprises me anymore. Executives believe they are entitled to these toys for their private use. The President's speech weeks ago, he talked about one executive who gave his bonus to his employees. Why can't corporate executives do things like that? That would inspire their employees to work harder and build morale. Instead, corporate executives "enjoy" laying people off and keeping their perks and toys at the expense of those who do the real work of the company on a daily basis.
According ABC News, "embattled bank JPMorgan Chase, the recipient of $25 billion in TARP funds, is going ahead with a $138 million plan to buy two new luxury corporate jets and build 'the premier corporate aircraft hangar on the eastern seaboard" to house them.'"
I guess none of this surprises me anymore. Executives believe they are entitled to these toys for their private use. The President's speech weeks ago, he talked about one executive who gave his bonus to his employees. Why can't corporate executives do things like that? That would inspire their employees to work harder and build morale. Instead, corporate executives "enjoy" laying people off and keeping their perks and toys at the expense of those who do the real work of the company on a daily basis.
Monday, March 23, 2009
Sad State of Affairs: Jobless to Topless
I was reading an article on the Associated Press web page about more women become strippers or going into the adult entertainment business. Click here for the full article.
This is a very sad state of affairs for our nation. According to the article more women with college degrees who were laid off from white-collar jobs are becoming strippers or sending applications to adult magazines like Hustler.
Instead of finding legitimate work of any kind, these women want more money and are willing to sell themselves for cash. If you ask anyone in the strip clubs or adult entertainment industry about exploitation, they will ask you the same question back, "Who is exploiting whom?"
Take a look at it this way. A guy goes to a strip club with $400 in his pocket and after drinking and dances, he leaves with no money in his pocket. The stripper makes a small amount of the money and the rest goes to the club. Like the old adage goes, "the house always wins."
The biggest problem I see with our nation is that we have not learned our lessons over over the past months. We still remain greedy and we want the money to continue to roll in with little or no effort. Being lazy and greedy makes a dangerous combination. It speaks volumes about our culture and our values.
I am truly saddened.
This is a very sad state of affairs for our nation. According to the article more women with college degrees who were laid off from white-collar jobs are becoming strippers or sending applications to adult magazines like Hustler.
Instead of finding legitimate work of any kind, these women want more money and are willing to sell themselves for cash. If you ask anyone in the strip clubs or adult entertainment industry about exploitation, they will ask you the same question back, "Who is exploiting whom?"
Take a look at it this way. A guy goes to a strip club with $400 in his pocket and after drinking and dances, he leaves with no money in his pocket. The stripper makes a small amount of the money and the rest goes to the club. Like the old adage goes, "the house always wins."
The biggest problem I see with our nation is that we have not learned our lessons over over the past months. We still remain greedy and we want the money to continue to roll in with little or no effort. Being lazy and greedy makes a dangerous combination. It speaks volumes about our culture and our values.
I am truly saddened.
Tuesday, March 17, 2009
A Good Thing: The 9-12 Project
Most of the time I am fairly critical about things, but today is a little different. While I was surfing the 'net, I ran across a very interesting project that I think would be great for a lot of people. It is called the "9-12 Project". This project was started by Glenn Beck, noted radio talk show host. My wife and I listen to him and watch his program as well.
Back to the project, the purpose of the project is to remind ourselves of how we felt after 9/11. Families and friends came together to support one another. As we watched 9/11 and the aftermath, we came together as a nation to support efforts to help families affected that day. I remember children collecting money for families and for all of the people who were helping. I saw the best of America during that week. People found a common focus and goal.
Looking in history, America has always come to the aid of other. After WWII, America came to the aid of its allies and enemies by enacting the European Recovery Program or what came to be called the Marshall Plan. It was designed to get Europe back on its feet. It helped all of our allies as well as the Germans and Italians. It showed what can be done when nations come together in peace and with a common goal in mind.
I support the "9-12 Project" and what it means. If we are to survive the economic upheaval that we are facing, we need to come together as a nation and as a global community to help one another.
Back to the project, the purpose of the project is to remind ourselves of how we felt after 9/11. Families and friends came together to support one another. As we watched 9/11 and the aftermath, we came together as a nation to support efforts to help families affected that day. I remember children collecting money for families and for all of the people who were helping. I saw the best of America during that week. People found a common focus and goal.
Looking in history, America has always come to the aid of other. After WWII, America came to the aid of its allies and enemies by enacting the European Recovery Program or what came to be called the Marshall Plan. It was designed to get Europe back on its feet. It helped all of our allies as well as the Germans and Italians. It showed what can be done when nations come together in peace and with a common goal in mind.
I support the "9-12 Project" and what it means. If we are to survive the economic upheaval that we are facing, we need to come together as a nation and as a global community to help one another.
Thursday, March 12, 2009
Interesting Thing about Earmarks
I was reading an article by CNN talking about earmarks and how they have been given a bad reputation. The one thing that struck me was the fact that the majority party gets 60% of the earmark money and that the minority gets 40%.
Both parties are feeding at the trough. The only difference is which one gets more than the other. Each time we have a changing of the guard we are told that things will be different and spending will be controlled and things will change. It is the same tired, old rhetoric every single time. I think both parties should simply do a video clips on Youtube and just point us to them each time they take power.
I keep hearing the same things. "Things will be different." "There's a new sheriff in town." "We are going to change things." Don't get me wrong. I'm not singling out Democrats or Republicans. I'm calling out the whole lot of them. Both sides of the aisle have been guilty of it. I have talked with people in barber shops and coffee houses. They all say the same thing. Both parties are to blame.
I remember when I was growing up when Democrats would blame Republicans and Republicans would blame Democrats. Now, everyone I talk with today blames both parties for not doing what is necessary. We have too much free spending of our tax dollars and not enough fiscal responsibility. Government has gotten too big and it is worming its way further and further into our lives.
Both parties are feeding at the trough. The only difference is which one gets more than the other. Each time we have a changing of the guard we are told that things will be different and spending will be controlled and things will change. It is the same tired, old rhetoric every single time. I think both parties should simply do a video clips on Youtube and just point us to them each time they take power.
I keep hearing the same things. "Things will be different." "There's a new sheriff in town." "We are going to change things." Don't get me wrong. I'm not singling out Democrats or Republicans. I'm calling out the whole lot of them. Both sides of the aisle have been guilty of it. I have talked with people in barber shops and coffee houses. They all say the same thing. Both parties are to blame.
I remember when I was growing up when Democrats would blame Republicans and Republicans would blame Democrats. Now, everyone I talk with today blames both parties for not doing what is necessary. We have too much free spending of our tax dollars and not enough fiscal responsibility. Government has gotten too big and it is worming its way further and further into our lives.
Tuesday, March 10, 2009
Congress approves massive $410B spending bill
The $410 billion bill is chock-full of those pet projects and significant increases in food aid for the poor, energy research and other programs. It was supposed to have been completed last fall, but Democrats opted against election-year battles with Republicans and former President George W. Bush.
I guess no matter what party is in power. We will always have pork in the budget. Thanks, guys! 8,000 pet projects and $7.7 billion.
I guess no matter what party is in power. We will always have pork in the budget. Thanks, guys! 8,000 pet projects and $7.7 billion.
Wednesday, March 4, 2009
Pork Barrel Spending Still Alive and Well in Congress
Taxpayers for Common Sense (TCS) has been going through the omnibus to pull together a total number of earmarks and dollar amount. TCS found 8,570 disclosed earmarks worth $7.7 billion. When you add the $6.6 billion in disclosed earmarks that were in the three FY09 spending bills that passed in the fall (Defense, DHS, MilCon/VA) you end up with $14.3 billion worth of disclosed earmarks in FY09.
That's right, ladies and gentlemen, Congress especially those individuals on appropriation committees are making sure that their people back at home are benefiting from all of the government spending so that they can re-elect these people.
Here are some of the programs that are receiving money.
- $24,000 A+ for Abstinence. Specter is sponsor.
- $300,000 Montana World Trade Center. Rehberg sponsor.
- $1.7 million for pig odor research in Iowa.
- $2.1 million for the Center for Grape Genetics in New York.
- $1.7 million for a honeybee factory in Weslaco, Texas.
Do you believe the nerve of Congress? Each claims that new jobs will be created. Can someone tell me why we need to spend $1.7 million on pig odor? Are we working on a deodorant for pigs? To me, we can do without all of this and return some of the money back to the taxpayer or truly use the money to benefit the economy.
President Obama said that earmarking would come to an end in his administration. It was one of those campaign promises as well. He said that Biden would act as "sheriff" to make sure that government money wasn't wasted. Biden, before becoming Vice President, secured $52 million for his state in earmarks. I guess Sheriff Joe is looking the other way on this one or, like Deputy Barney Fife, forgot to put the bullet in his gun. President Obama said that he would sign the spending bill with all the earmarks, because this was old business and needed to handle it. This is hogwash. (No pun intended.)
John McCain has been alerting people via Twitter about all of this pork in the spending bill. Speak up, people! This is your government at work.
THIS NEEDS TO STOP NOW!
Monday, March 2, 2009
Freddie Mac chief executive officer to resign
According to a press release from Freddie Mac, David Moffett, its chief executive officer, would be resigning by no later than March 13. The company expects to name an interim CEO before that time, and said the bard was working with the Federal Housing Finance Agency to name a successor.
I wonder what his package will be like. According to the article on Reuters, Freddie Mac will be submitting a request to the Treasury to draw an additional $30 billion to $35 billion under senior preferred stock purchase agreements. I guess Freddie Mac will just use part of that to pay for his severance package.
Currently, the stock is selling at 40 cents per share. The 52-week high was $34.22. I feel bad for the stockholders and all of the taxpayers who will shoulder the burden of this fiasco.
Will this nightmare ever come to an end? According to the oracle of Omaha, Warren Buffet, he said that the economy will be "in shambles" for the rest of this year. He said this in his annual letter to the shareholders in his company. Mr. Buffet is very honest and conservative in his opinions so I and a lot of other people listen to him. As I had said before, I'm not a finance expert or guru, but a lot of us saw the handwriting on the wall when things were going so great for us all. Unfortunately, we didn't heed the warnings of those who believed that the carnival ride was coming to an end. We continued to spend and finance our way through life with no cares in the world.
The ride is about to come to an abrupt end, ladies and gentlemen. As I had mentioned before, I think the economy will get worse if we do not heed the lessons of the past. Stop using credit cards and start saving. Help people in need. Bring back confidence to the economy. I believe that the next big economic bubble will be resources like water and energy. Look at those industries closely.
I wonder what his package will be like. According to the article on Reuters, Freddie Mac will be submitting a request to the Treasury to draw an additional $30 billion to $35 billion under senior preferred stock purchase agreements. I guess Freddie Mac will just use part of that to pay for his severance package.
Currently, the stock is selling at 40 cents per share. The 52-week high was $34.22. I feel bad for the stockholders and all of the taxpayers who will shoulder the burden of this fiasco.
Will this nightmare ever come to an end? According to the oracle of Omaha, Warren Buffet, he said that the economy will be "in shambles" for the rest of this year. He said this in his annual letter to the shareholders in his company. Mr. Buffet is very honest and conservative in his opinions so I and a lot of other people listen to him. As I had said before, I'm not a finance expert or guru, but a lot of us saw the handwriting on the wall when things were going so great for us all. Unfortunately, we didn't heed the warnings of those who believed that the carnival ride was coming to an end. We continued to spend and finance our way through life with no cares in the world.
The ride is about to come to an abrupt end, ladies and gentlemen. As I had mentioned before, I think the economy will get worse if we do not heed the lessons of the past. Stop using credit cards and start saving. Help people in need. Bring back confidence to the economy. I believe that the next big economic bubble will be resources like water and energy. Look at those industries closely.
Friday, February 27, 2009
Pulling Out of Iraq: Difficult Position
BAGHDAD (Reuters) - President Barack Obama's plan to pull U.S. combat troops out by Aug 31, 2010 may avoid plunging Iraq back into chaos, but Washington will need to use adroit diplomacy to quell fresh conflict between rival Iraqi groups.
Although I really never supported the invasion of Iraq, I, however, do not support just pulling out for fear that we would plunge Iraq into civil war and destabilize the region. I do support a draw down of forces and then finally a complete withdrawal of forces provided that the Iraqi government and all of the factions inside of Iraq are willing to work together to begin the nation together.
The main problems I see are the various factions inside of the country, the increase of the Taliban activity in Afghanistan and Iran. It is a very delicate situation and I certainly do not envy President Obama for making a decision on this. The Iraqi government needs to step up and take control of its destiny. Unfortunately, the factions do not want to work together. Right now, for most of the factions, the United States is a common enemy for most of the factions. I honestly believe that once the United States pulls out of Iraq, the factions will begin to fight with themselves and the country will be plunged into civil war. The United States will return to Iraq to try to stabilize the country and to prevent Iran from overturning the weak government.
This is definitely a very difficult decision. I would like for our soldiers to return home, but I am also very nervous about turning over control to a weak government with warring factions and Iran just waiting to support factions that will align themselves with Iranian government and their goals.
Although I really never supported the invasion of Iraq, I, however, do not support just pulling out for fear that we would plunge Iraq into civil war and destabilize the region. I do support a draw down of forces and then finally a complete withdrawal of forces provided that the Iraqi government and all of the factions inside of Iraq are willing to work together to begin the nation together.
The main problems I see are the various factions inside of the country, the increase of the Taliban activity in Afghanistan and Iran. It is a very delicate situation and I certainly do not envy President Obama for making a decision on this. The Iraqi government needs to step up and take control of its destiny. Unfortunately, the factions do not want to work together. Right now, for most of the factions, the United States is a common enemy for most of the factions. I honestly believe that once the United States pulls out of Iraq, the factions will begin to fight with themselves and the country will be plunged into civil war. The United States will return to Iraq to try to stabilize the country and to prevent Iran from overturning the weak government.
This is definitely a very difficult decision. I would like for our soldiers to return home, but I am also very nervous about turning over control to a weak government with warring factions and Iran just waiting to support factions that will align themselves with Iranian government and their goals.
Thursday, February 26, 2009
$1.75 Trillion Dollar Debt!
As President Obama had said during his address to Congress and the American people, he would submit his budget shortly. Well, he is doing that today. President Obama is forecasting $1.75 trillion deficit in his budget proposal. The budget sets goals to overhaul the health care system and strengthen the economy. This huge budget will represent 12.5% of our gross domestic product. The largest percentage since World War II.
I'm not exactly happy with this, but I do see the reasoning behind it. Health care is driving up the cost of everything we buy. As I had mentioned earlier, it costs us about $8,000 per person per year. Heath care has been climbing steadily and there is no end to its climb.
Yesterday, I went to see my doctor to talk about my health. After the appointment, Dr. Molina had some time to talk with me about health care and share with me some of the problems he sees. For example, my health care discount program takes about four to six weeks to pay him. I think that is way too long for him to wait. He has staff, rent and equipment to pay for. Why does he have to wait for his money? He has to submit form after form after form to the insurance company in order to get paid. Sometimes, they reject the claim and he has to resubmit. Guess what? The clock starts over again. If he were to offer me a discount program, I would be more than happy to pay him directly.
I read an article a couple of weeks ago stating that more and more people are going without insurance but are able to negotiate discounts on their bills. If doctors and hospitals are willing to offer discounts to their patients, we could end up cutting out the insurance companies altogether. Or, the insurance companies would only be there when there is major health issues like open heart surgery or cancer. If I were to get discounts on my doctor's visit and prescriptions and know that an insurance company would be there to help with the major surgery bills, I would be content.
Take a look at the past. I don't recall a lot of employers offering health care to their employees. Employees were responsible for their own health care. Things worked out fine. They paid their bills to the doctors and there was no paperwork to file. Unfortunately, times have changed. We have grown dependent on health care insurance to pay for everything especially when you consider the costs of medications.
I take a couple of medications for my diabetes. Janumet is the big one for me. Even with a discount, the medication costs me about $170 a month. That's a lot of money. Most of the cost goes to three things: Development cost, Marketing and Product Liability. If I had my choice, I wouldn't take the medicine. I have talked to my doctor about generics and he wants me to stay on this one for a while. When I get my weight down, he would consider generics. Yes, my health care is back in my hands.
Health care will always be in our hands and we need to work hard by telling people to support reform and modernization of the health care system.
I'm not exactly happy with this, but I do see the reasoning behind it. Health care is driving up the cost of everything we buy. As I had mentioned earlier, it costs us about $8,000 per person per year. Heath care has been climbing steadily and there is no end to its climb.
Yesterday, I went to see my doctor to talk about my health. After the appointment, Dr. Molina had some time to talk with me about health care and share with me some of the problems he sees. For example, my health care discount program takes about four to six weeks to pay him. I think that is way too long for him to wait. He has staff, rent and equipment to pay for. Why does he have to wait for his money? He has to submit form after form after form to the insurance company in order to get paid. Sometimes, they reject the claim and he has to resubmit. Guess what? The clock starts over again. If he were to offer me a discount program, I would be more than happy to pay him directly.
I read an article a couple of weeks ago stating that more and more people are going without insurance but are able to negotiate discounts on their bills. If doctors and hospitals are willing to offer discounts to their patients, we could end up cutting out the insurance companies altogether. Or, the insurance companies would only be there when there is major health issues like open heart surgery or cancer. If I were to get discounts on my doctor's visit and prescriptions and know that an insurance company would be there to help with the major surgery bills, I would be content.
Take a look at the past. I don't recall a lot of employers offering health care to their employees. Employees were responsible for their own health care. Things worked out fine. They paid their bills to the doctors and there was no paperwork to file. Unfortunately, times have changed. We have grown dependent on health care insurance to pay for everything especially when you consider the costs of medications.
I take a couple of medications for my diabetes. Janumet is the big one for me. Even with a discount, the medication costs me about $170 a month. That's a lot of money. Most of the cost goes to three things: Development cost, Marketing and Product Liability. If I had my choice, I wouldn't take the medicine. I have talked to my doctor about generics and he wants me to stay on this one for a while. When I get my weight down, he would consider generics. Yes, my health care is back in my hands.
Health care will always be in our hands and we need to work hard by telling people to support reform and modernization of the health care system.
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