Joe the Plumber, Obama’s Socialistic Tax Plan, and Mike Huckabee

October 16, 2008

First, Joe the plumber. He’s become and overnight political celebrity and here is some video and commentary about the statement that brought him his five minutes of fame:

Also, note the discussion about Obama’s tax plan. The idea that 95% of American’s will get a tax cut sounds good until you consider how many American’s don’t pay taxes. You know those American’s that don’t pay taxes? Yes? You know whose money will be giving them those checks? Yours and mine. Obama wants to take my hard earned money and give it to other people as he sees fit. Sorry, but I think I’m a much better manager of my money than the government and I can support the needy by giving to my local church and to other charities. The government does not need to become a charity. My wife and I work hard for the money we have. We don’t live outside of our means and are nearly debt free (just a small amount on some of my student loans). Why should the government punish my wife and I and many other Americans for being responsible? The only thing that will come out of this is you will have more people not wanting to earn as much because of the higher taxes. Good job, government, tax our productivity even more and then give it to those who aren’t productive. That gives me great motivation to go out and work my tail off. Fair Tax anyone?

Mike Huckabee will have Joe the plumber on his show this Saturday. If you haven’t watched the show yet, be sure and check it out. It’s laid back gives Huckabee a good forum to talk about conservative issues.

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Wall Street Bail Out Fails to Pass!

September 29, 2008

Today was a good day for democracy. When the bail out deal was announced the American people finally had had enough. Americans took to their phones and email accounts and bombarded Congress with calls and letters saying “NO WAY!” I have been listening to the radio and reading the news, doing my best to follow this issue. I know there are economic factors at stake that are beyond my grasp, but I think that the common sense of the every day American won a great victory here.

Most people understand that if you do something stupid, you pay for it. Over the past few weeks the government has been using the tax dollars of Americans to pay for blatant stupidity. There seems to be some sentiment among Americans that even if not passing this bail out leads to some tough times that we will all be better off in the long run. Why? Because people will learn that stupidity and outright greed will not be rewarded.

I expect the government to go back to the drawing board to try and come up with some other type of bail out plan to rescue the economy, but I think they are completely missing what we really need to stabilize the economy. I agree with Mike Huckabee that the best way to fix the economy is to dramatically cut taxes on investing. Imagine if the taxes on investing were completely eliminated, money would pour into the American markets and more people would be encouraged to invest.

Washington only knows how to spend our money. They think that they can spend their way out of this mess, when what America really needs is more incentive to invest. Hopefully, the defeat of this bill will help them to realize that Americans don’t want to see stupidity rewarded.

On a side note: isn’t it funny that the Democrats, who claim to stand for “the little guy”  seem intent to pass this bail out that will cost every single little guy thousands of dollars while rescuing big business?


Mike Huckabee Lambasts Republicans for Their Consideration of Wall Street Bail Out

September 24, 2008

Mike Huckabee today released a statement about the idiocy going on in both parties as they work with Wall Street to strap the American tax payer with hundreds of billions of dollars in bail out monies. Huckabee shows here that he is not merely Republical talking head by calling this bail out what it is: stupid. He also offers up some ideas to help get us out of this mess without charging the tax payers for the stupidity of Wall Street.

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Bailing on Our Principles

Today at 12:14pm

by Governor Mike Huckabee

Frankly, I’m disappointed and disgusted with my own Republican party as I watch them attempt to strong-arm a bailout of some of America’s biggest corporations by asking the taxpayers to suck up the staggering results of the hubris, greed, and arrogance of those who sought to make a quick buck by throwing the dice. They lost, but want the rest of us to cover their bets so they won’t be effected in their lavish lifestyles as they figure out how to spend their tens of millions and in some cases, hundreds of millions in bonuses and compensation which was their reward for not only sinking their companies, but basically doing the same to the entire American economy.

It’s especially disconcerting to see the very people who pilloried me during the Presidential campaign for being a “populist” and not “understanding Wall Street” to now line up like thirsty dogs at the Washington, D. C. water dish, otherwise known as Congress, and plead for help. I thought these guys were the smartest people in America! I thought that taxpayers like you and I were similar to the people at the U. N. who have no translator speaking into their headset – that we just needed to trust those that I called the power bunch in the “Wall Street to Washington axis of power.”

The idea of a government bailout in which we’d entrust $700 billion to one man without Congressional oversight or accountability is absurd. My party or not, that is insanity and I believe unconstitutional.

Will there be far-reaching consequences without some intervention? Probably, but we honestly don’t know since we’ve really never seen this level of greed and stupidity all rolled into one massive move. But may I suggest that letting “Uncle Sugar” step in and bail out the billionaires who made the mess will be far worse and will start a long line of companies and individuals who will demand the same of the government—which last time I checked means that they will be demanding it out of YOU and ME. This is not money that Congress is risking from THEIR pockets or future, but ours. Many if not most of us have already experienced lost value on our homes, retirement accounts, and pensions. Now they’d like for us to assume some further risks so they won’t have to.

What happened to the “free market” idea? Is that only our view when we WIN and when we LOSE, we ask the government to come in and take away the pain?

If you are a small business owner, is this the way it works at your place? When you have a bad month, a bad year, or face having to close, can you go up to Congress and get them to write YOU a fat check to take away your risk?

Some of what contributed to this disaster is too much government in the form of Sarbanes/Oxley. Some is due to the tax structure that created the hunger for companies to “game” the system. Some is the common sense that was ignored like loaning money to people who can’t pay it back.

Wall Street has become Las Vegas east, but at least in Vegas, people KNOW they are gambling and they don’t expect the government to cover their losses at the tables. In Wall Street, they do. And the American taxpayer burdens the responsibility.

If Congress wants to do something, here are some suggestions:

1. Eliminate ALL capital gains taxes and taxes on savings and dividends right now. Free up the capital and encourage investment. This is the kind of economic stimulus the Fair Tax would bring and if Congress is going to lose money, let them lose it with lower taxes, not with public dollar bailouts of private market mistakes.

2. Repeal Sarbanes/Oxley. It has failed. It was supposed to prevent this. It didn’t. Kill it.

3. Demand that the executives who steered their ships into the ground be forced to pay back the losses of their companies. Of course, they can’t, so let them work and give back to the government and they can live like the people they put on the streets or kept there. It makes no sense to put them in jail—that’s just more they will cost you and me. I’d rather them go out and earn money—just not get to keep so much of it this time. I’m not talking about limiting CEO salaries—just those of the people who now are up in Washington begging for help because they ruined their companies.

Attempts by Democrats and Republicans to blame each other is nonsense. They are both guilty and ought to own up and admit it. They all lived off big campaign contributions and the swill of the lobbyists who strong armed them into permission to steal. Enough of blame. Fix it!
This would be a start. If we don’t hold these guys responsible, we are all finished.


Lieberman-Warner “Climate Security Act” A Catastrophe of Incredible Proportions

June 3, 2008

I just finished reading Michael Chricton’s well researched and written novel State of Fear. The book presents a compelling case against global warming and against the multi-billion dollar lobbying industry that has arisen around it. Global warning is a theory in great flux as more and more reports come out against the idea. Still, popular culture, major celebrities, and countless politicians are using this increasingly questionable theory to raise taxes and propose laws that will negatively change the landscape of America for decades to come.

In appendix I of State of Fear, Chrichton discusses the danger of the politicizing of science. He cites the eugenics movement of the 20’s as a tragic example of this. I highly recommend picking up this book and at least reading the comments Chrichton makes at the end of the book.

Here is what he had to say:

“Imagine that there is a new scientific theory that warns of an impending crisis, and points to a way out. This theory quickly draws support from leading scientists, politicians, and celebrities around the world. Research is funded by distinguished philanthropies, and carried out at prestigious universities. The crisis is reported frequently in the media. The science is taught in college and high school classrooms.” -Michael Chricton on eugenics.

Basically, the politicization of science is a bad idea and history proves this.

Now, what effects will Lieberman-Warner have on the overall economy of the United States and her citizens? For that, I turn to research done by The Heritage Foundation. You can find the full text of the following excerpts here.

Economic Costs of Lieberman–Warner

It is hard to think of any economic activity that does not involve energy, and there is not one that would not be made more expensive by Lieber­man–Warner. No matter how mea­sured, the impacts of the bill on the American economy overall as well as on individuals and households would be substantial and hardly dif­ferent from a massive energy tax.

The impact on the overall econ­omy is reflected in cumulative gross domestic product (GDP) losses esti­mated at $1.7 trillion (with generous assumptions) to $4.8 trillion (with more realistic assumptions) by 2030. The single-year GDP losses would range from $111 billion to $436 bil­lion, or $949 to $3,726 per house­hold for each of the nation’s 117 million households. (See Chart 2.) Thus, the annual costs of the Climate Security Act would significantly exceed the Department of Homeland Security’s 2007 expenditures of $43 bil­lion and could also exceed the $155 billion spent on highways at all levels of government in 2005.

After-tax incomes decline by $47 billion to $120 billion in 2015, or $402 to $1,026 per household. Declines in consumption average $54 billion to $113 billion over the forecast period, or $462 to $966 per household annually.

My comments- Are you kidding me? This bill amounts to a massive tax increase on the average American of nearly $1000-4000! That is not just increasing taxes on the rich like Democrats enjoy doing so much. This will adversely effect every American living in the country. Not only that, but income decreases and so does spending. How is this bill good? Do these people understand basic economics? Let’s see what other good things our government is going to accomplish with this bill:

America’s Climate Security Act would spark a temporary increase in employment in the first few years as regulated companies invest heavily to comply. After that, however, the bill causes job losses that are expected to exceed 500,000 before 2030 even under the most optimistic assumptions. (See Chart 4.) It should be noted that these are net job losses after the jobs created by the Climate Security Act are taken into account. Particularly hard hit are manufacturing jobs as higher energy costs dampen several energy-intensive sectors. (See Chart 5.)Some of the lost jobs will be destroyed entirely, while oth­ers will be outsourced to nations like China that are unlikely to place similar, if any, constraints on their emissions.

My comments- Oh good! We will outsource even more of our jobs to pollution powerhouse China just so that some celebrities and politicians can assuage their consciences and say they are preventing an unproven theory from becoming reality. They will do this by moving more manufacturing to China which will in turn equal a net increase in pollution because of China’s less stringent policies. These people are completely short-sighted and insane!

While the Lieberman–Warner bill lowers many household incomes, it raises the cost of living, par­ticularly by raising energy prices. To meet the bill’s targets, consumer energy demand must be driven down, which is achieved through higher prices. The price per gallon of gasoline is expected to increase by at least 29 percent by 2030: about $1.10 more per gallon based on current prices. By 2030, average household electricity costs are also expected to increase by $647 annually, and natural gas is expected to increase by $303. (See Chart 6.)

As noted, Lieberman–Warner operates like an energy tax, and since low-income households spend a larger percentage of income on energy, the tax is very regressive.[12] Some of the proceeds from the Lieberman–Warner bill are directed toward pro­grams to help energy consumers and low-income households in particular, but it is unclear how well these income-redistribution schemes will work. In any event, it is unlikely that they could make much of a dent in the damage caused by the bill.

My comments- Our elected officials, while crying that oil companies are fleecing us at the pump, are attempting to pass legislation that could raise gas prices by 29 percent! In front of the camera they say they are trying to lower gas prices and help the American people, but the fact is they are hurting us (should this bill pass). So, the bill amounts to a regressive tax that, ‘gasp!’ hurts low income families! Naturally, big government will come to the rescue and extend some sort of convoluted hand-out to them. Why don’t they just avoid the problem in the first place and stop trying to pass environmental legislation on an unproven theory?

This bill is Exhibit A of the sheer stupidity our government is capable of and also the influence and power of environmental lobbying groups in Washington. If politicians took the time to have their staff do some independent research they would find that global warming theory is in a state of flux with more and more scientists lining up against it. However, they seem unwilling to do this and continue to bow at the feet of popular media and lobbying groups just so that they can tout their “green credentials” at the next election.

The way our government is going is pushing me to become more and more libertarian (also the more I study about the founding fathers the more I believe that a form of libertarianism was the ideal they were striving for).

There is one sure fire way to fix this mess. Term limits.


Big Government to the Rescue

May 20, 2008

I read a report today that the government is inching closer in their efforts to approve a bill that would bail out Americans who got into “bad mortgages.”

This really hacks me off. The people who got into these mortgages do not deserve to have my tax dollars bail them out because of their own stupidity and ignorance. The low mortgage rates and thriving real estate market of a few years ago tempted people into financing way more house than they could afford. Plus, they added to the stupidity of buying too much house by financing it with an adjustable rate mortgage.

Well, the bubble did not last and it exploded into a soapy, scummy mess. Those ARM mortgages adjusted up and all the of the sudden Jack and Jill American can’t afford their house payment because they were idiots. So, with a major election looming, politicians are falling all over themselves to come up with a plan to spend the tax money of responsible Americans to bail out the irresponsible ones so that they can stand on a platform and proclaim that they are savior of stupid people!

You know what! Screw being responsible. I think I am going to stop paying my bills, go out and dig myself into a massive crater of debt, and then sit at home and drink beer and play video games all day. Then when people start coming and asking for their money, well, I’ll just reach out my fat beer stained hand so that the government can take it and gently dust me off, clean me up, and pull me out of the slums and they will do it on your dime! Wow! I can go and do whatever I want and there are no real consequences except my contribution to the obesity epidemic (which, incidentally, if either Hillary or Obama gets elected, they will pay, I mean YOU will pay, for my health care so who cares if I get fat from drinking too much beer and eating a steady diet of chocolate chips and deep-fried cheeto’s).

Unfortunately, people tend to need to make mistakes and suffer the consequences in order to learn not repeat their destructive behaviors. The government, science, and declining moral values are rapidly taking away the consequences so people are becoming less and less apt to change their behaviors.

I would love to see a politician run on a platform of fairness where people who are stupid would suffer the consequences. I have a feeling being stupid would become a much less valuable commodity.


Gas Tax Fever!

May 5, 2008

I never thought I would say this…Obama is right on this issue. A temporary reprieve from the federal gas tax is pure folly.  The Tax Policy Center states that the average American would save LESS THAN $28 over the course of gas tax holiday.

This is pure political pandering. The news media has us convinced that we are (a.) in a recession, and (b.) the rise in gas prices is catastrophic and will single handedly destroy us all and bring about the end of the world (I am exaggerating. Slightly).

First, we are not in a recession. The economy is still growing, it is not “receding.” It is growing at a slower pace than it has in the past five or six years, but it STILL GROWING!

Second, the rise in gas prices has hit us so hard because we are unwilling to change our lifestyles to make up the difference. Let’s say you buy a 16oz latte every day for $3.59. That figures out to $.22/oz, and $28.16/gal. Hmm, I think it’s time to cut out the latte and brew your own coffee at home.

We are unwilling to cut out the conveniences in our lives to pay for the necessities. We don’t want to give up our movies, video games, cable TV, big cars, and vacations in order to pay for the extra gas. It is time for Americans to grow up and quit whining for the government to come and fix every little thing that comes along and makes us feel uncomfortable.

How did my wife and I deal with rising gas prices? We sold my (paid for) truck and bought (with the cash from the paid for truck) a used, low mileage, sub-compact. Was this fun for me? Nope, I have always driven trucks and I enjoy driving something a little big bigger that has the extra utility a truck offers. However, we decided that spending $30/fill up on the car would be a lot easier on our limited income than the nearly $60/fill up the truck required. By changing just that one aspect of our lifestyle we were able to dramatically cut the amount of money we spend on gas.

Instead of relying on Hillary Clinton or John McCain to come and fix your inability to manage your finances or your unwillingness to cut some un-necessities out of your lifestyle, do it yourself. It’s time to wake up, America, and stop being stupid.


Back in Action

April 30, 2008

I have mourned the exit of Governor Mike Huckabee from presidential politics for nearly two months now. While I wouldn’t say I have moved on, as I am still following Huckabee closely, waiting for any hints at future run for office; I have decided that it is time to start working towards getting/keeping conservatives in Washington.

I personally have decided to support John McCain for President, unless a worthy third party candidate arises. My decision is based on a few main points: he does not aspire to universal health care, he wants to keep the Bush tax cuts permanent (if the democrats let these expire they will effectively be raising taxes on everyone in America, not just the rich), he believes in a very strong military and will support the military, he is a strong proponent of cutting government spending.

Whether or not he will hold to those views if elected remains to be seen, but right now he is a far better option than either of Democrats. He is far from my first choice for office, but he can do the job better than the current competition.

I have also recently been contacted by the Oklahoma Senator Jim Inhofe campaign. They asked me if I wanted to blog for him, I agreed. I have had the privilege of meeting and eating lunch with Sen. Inhofe and I believe that the man has his head on straight. He is a good representative of Oklahoma’s conservative values, so I hope that by blogging against liberals and for conservatives, I will be a small help to his campaign.

So, the battle for the votes of those living on Main Street America continues. The question is, will Americans support big government liberals and Republicans who spend like “John Edwards in a beauty salon?” (Mike Huckabee) Or will we elect people with true conservative values (which does not necessarily mean they are Republican)?