The Final Minority Report

Because Even Minorities Oppose Liberalism & Statism

Bankers, Lawyers are Primary Fundraisers for Obama

Top Industries of Obama Bundlers
Sector Min. Raised # of Bundlers
Lawyers/Law Firms $12,600,000 97
Securities & Investment $8,250,000 61
TV/Movies/Music $3,200,000 20
Business Services $2,400,000 19
Real Estate $2,050,000 20

http://www.opensecrets.org/pres08/bundlers.php?id=N00009638

Make sure to thank a lawyer or a banker for helping elect a President who cannot pick high-profile cabinet nominees who actually pay taxes!

03/03/2009 Posted by | Obama - Fundraising | | Leave a comment

Obama’s Cabinet Nominees Fail to Pay Taxes – Hope & Change?

Has someone else noticed a pattern here with Obama’s nominees to cabinet level, or the equivalent, positions?

  1. Ron Kirk (Democrat) – Mayor of Dallas, TX – Nominated to be the US Trade Representative – Fails to pay income taxes for three years.
  2. Tom Daschle (Democrat) – Former Senator of South Dakota – Nominated to be the Sec. of Health and Human Services – Fails to pay $128,000 in income taxes over two years.
  3. Nancy Killefer (Democrat) – Former Deputy Director of the Office of Management and Budget – Nominated to be the first chief performance officer – Fails to pay employment taxes on household maids for a year and a half.
  4. Timothy Geithner (Democrat) – Former Treasury official – Nominated to be the Treasury Secretary – Fails to pay income taxes for three years and fails to pay employment taxes on household maids for half a year.

Honorable Mention and Runner-Ups

  1. Bill Richardson (Democrat) – Governor of New Mexico – Nominated to be Commerce Secretary – Charged by a grand jury for accepting money in exchange for political favors back home.
  2. Charles Rengal (Democrat) – Representative from New York – Chair of the House Ways & Means Committee (responsible for writing the tax code) – Fails to pay $75,000 in rental income.
  3. Chriss Dodd (Democrat) – Senator from Connecticut – Chair of the Senate Banking Committee (Responsible for overseeing banks and mortgage insurance companies) – Fails to explain how he received a free cottage in Ireland after helping a felon-on-the-run get a presidential pardon from Clinton AND how he managed to get a low-interest loan from CountryWide Mortgage (a company he is suppose to be regulating and overseeing) when others could not.
  4. Jack Murtha (Democrat) – Representative from Pennslyvania – Chair of the House Defense Appropriations Committee (determines how much money is spent on national defense) – Has been accused of accepting lobbyist contributions to his campaigns in exchange for funneling defense contracts to his contributors.
  5. Rahm Emanuel (Democrat) – Representative from Chicago – Current Chief of Staff or Obama – Has been paying zero rent since moving to DC.
  6. Louis Susman (Democrat) – Banker from Chicago – Fundraised for Obama and “gave” $300,000 for the inaugural ball – Tapped to be the Amabassador to England which is a break from his promise to have nothing to do with “pay-to-play” politics.

It sounds like there just might be a corruption problem when it comes to Washington! And for those of you who want to say “but the Republican’s do it too!”, remember that

  • (a) Democrats are in charge of both the House, Senate, and the Presidency, and
  • (b) It’s a bit hypocratic to say that it is patriotic to pay taxes for programs that American may not want when it’s own political leaders aren’t even paying taxes, and
  • (c) Show me who within the GOP currently has the same amount of personal problems as the Democrats, and, on top of that,
  • (d) Congress (which is runned by Democrats) killed a bill that would have required the Ethics Committee to investigate lawmaker-lobbyist ties.

03/03/2009 Posted by | Obama - Cabinet, tax cheats | , | Leave a comment

Why Oppose the Stimulus Bill?

What I have often heard, from both the internet as well as from talking with non-political persons, is that (a) there is nothing wrong with the stimulus bill or (b) it’s Bush’s fault for leaving the debt to Obama and Obama is trying to clean that is. But is it really? What are 10 reason’s people should oppose such a large increase in government spending?

  1. Contrary to popular belief by journalists, academics and economists have found that massive spending programs (e.g., FDR’s New Deal) prolong recessions and stretches the amount of time for an economy to recover. In fact, Japan tried the exact same approach in the 1990s that the US is currently embarking on which caused their country to increase the amount of unemployment and debt, and decreasing their GDP, within ten years.
  2. Less than a quarter of the “stimulus” money will be spent in the first fiscal year while, in contrast, the recession is predicted to last only until late 2009/early 2010. While it is arguable that some of the items are worthwhile and should be debated, what’s the point of having a stimulus if it takes years before the money is actually spent? If anything, long-term projects are better placed in the appropriations bill that Congress must pass each year for the simple reason that stimulus means “short-term boost for a long-term gain” and notlong-term spending to meet a long-term goal.”
  3. The government has to pay back the debt it owes to other countries in order to pay for the bill. How much? A little over $10,000 is the amount it will cost per family while most families spend roughly the same amount per housing. It’s like paying down two mortgages simultaneously!!! Oh, and by the way, that’s without interest.
  4. Speaking of foreigners buying U.S. Treasury Bills to pay for Obama’s “stimulus” package, most countries believe (a) the US is a risky place to invest because (b) of a belief that we default on our debt. If foreign countries quit buying US debt, then either (i) interest rates go up for everyone and/or (ii) the GDP experiences a contraction which causes an increase in unemployment.
  5. The GOP was locked out of the stimulus debate which effectively killed the spirit of bi-partisanship and debate. How? House Speaker Nancy Pelosi (D – San Francisco) changed Congressional Rules that allowed the minority party to comment, or amend, bills.
  6. The Stimulus Bill was created, in part, by lobbyists (contrary to Obama’s pledge of not working with lobbyists) for lobbyists. In fact, some son’s of  Senators are lobbyists and successfully added on pork to the bill.
  7. A nice comparison between the stimulus bill and another large government spending bill is the Iraq War and the Katrina Recovery Act. In terms of both sheer dollars and dollars plus interest, Obama’s plan calls for spending more money in four years than spending eight years in a foreign war and four years in cleaning up Katrina. In fact, the TOTAL for the stimulus package is $3. 27 TRILLION dollars.
  8. Senators and Representatives actually didn’t read the bill before signing the bill
  9. The problems that lead to the credit crisis that triggered the recession was the result of Congressional mismanagement and oversight of Freddie Mac and Fannie Mae. Contrary to public belief, the President (including Bush and Obama) has no control over these two entities while Congress does. Which party has had absolute control of BOTH houses of Congress for the past two years (2006-2008) prior to credit crunch occurring?
  10. Demonstrated in part by CNN, the entire process in which the bill was pushed through broke nine (9!) campaign promises that Obama had made including:
  • (i) CHANGE – Make Government Open and Transparent;
  • (ii) Make it “Impossible” for Congressmen to slip in Pork Barrel Projects into laws;
  • (iii) Meetings where laws are written will be more open to the public (republicans shut out);
  • (iv) No more secrecy (closed door sessions);
  • (v) Public will have 5 days to look at a ALL Bills online before he signs it;
  • (vi) You’ll know what’s in every Bill and who asked for corporate tax breaks, pork, and earmarks… (NOBODY READ THE STIMULUS); (vii) We will put every pork barrel project online . You will know who asked for them and you will decide if your representative is actually representing you;
  • (viii) No Lobbyists in Administration, nor will they be able to gift in return for favor;
  • (ix) Meetings between Lobbyists and government agencies will be put on line.

03/03/2009 Posted by | Obama - Stimulus Bill | | Leave a comment

Tea Party in Obamaland

Here are some pictures from this past Friday’s protest against the Obama “stimulus” package

03/03/2009 Posted by | Tea Party | | Leave a comment