Archive for the ‘Financial Reform’ Category

“Free” Community College

January 16, 2015

The very basis for Obama’s “free” community college (as if anything from the government is “free”) is that college has become necessary for all, but that has gone unchallenged for far too long. Ann Coulter not only challenges that idea, she takes a look at the leftist politics involved. As usual, she nails it.

From Ann Coulter

Community college is already incredibly inexpensive. The only thing that will jack up the price is making it “free.”… The cost of a college education has increased by more than 1,000 percent only since 1978…People coming out of college in the ’50s knew more than any recent Yale graduate…They’re teaching gender studies, ethnic studies, moral equivalence and hatred of America…The fact that 80 percent of Weathermen – the violent ’60s radicals – are full college professors tells you all you need to know about the state of higher education today.

The cost of college spirals continuously upward…because college loans are backed by the taxpayer…(m)ore than half of recent college graduates are unemployed or underemployed, meaning they make substandard wages in jobs that don’t require a college degree…Democrats are colluding with colleges to create a market bubble for an increasingly worthless product…Why is the left not willing to admit that education is an industry, just like Lockheed Martin, Enron or Philip Morris?… liberals won’t make a peep about the College Industrial Complex because college professors are brainwashing students into leftist politics…Every year, another 10 million graduates emerge, hating God, their parents, America and Republicans…The education industry is how leftists make capitalists pay for socialism.

Read it all here: AS LONG AS OBAMA BROUGHT UP THE COST OF COLLEGE …

DJH

The ObamaCar – Another Ideological Failure

December 6, 2014

Michelle Malkin informs us that Obama’s predicted 1 million electric cars on the road by 2015 will fall about 826,00 cars short of the target. Obama’s pie-in-the-sky green agenda dumped lots of stimulus money into electric cars (or, as they should be labeled, ObamaCars) and the “consensus” is that it has been an economic failure – one of many.

Much of the current failure of electric cars to catch on is due to cost and the difficulty of producing efficient batteries. The Obama administration dumped $2 billion stimulus dollars into new battery companies in the “hope” they would produce a breakthrough to help fill the roads with his electric cars. That, too, failed.

Fisker Automotive, which received a $500 million stimulus loan to produce electric cars (in Finland, not in the USA), went bankrupt last year, adding to the long list of stimulus failures. After bailing out GM, Obama praised the Chevy Volt like a new car dealer, making a campaign promise to buy one after leaving office. His campaign promises, however, have flopped as badly as sales of the Chevy Volt, so don’t hold your breath.

Electric cars aren’t a bad idea and they do work, but they are not far enough along in their development to be our main mode of transportation. Progressives, who “know” what’s best for everyone, are pushing (forcing?) these cars on us for our own good. They don’t care about cost, efficiency, practicality, or anything else that doesn’t fit their beliefs.

Obama’s entire green agenda has been based on what “should” be and not what “is” and cost means nothing because it’s only government money. If the dream fails, it’s no big deal. He’ll be out of office soon enough and cruising down the highway in his brand new Chevy Volt – given to him, free, by GM. At least he won’t have to drive a Fisker.

Another daydream; another dollar…make that a trillion dollars – and counting.

David J. Hentosh

NY Times Upset Over Democrat Panic

October 22, 2014

A recent NY Times editorial expressed dismay over the “panicky Democratic flight away from President Obama”, complaining that “nervous members of his own party have done a poor job of defending his policies over the nearly six years of his presidency” which allowed “a Republican narrative of failure to take hold”. That’s a lot of blind rationalization to swallow.

It is certainly not credible that a Republican “narrative” beat the media’s (especially the Times’) constant and unconditional positive spin on Obama. Who can really believe that Democrats (Pelosi, Reid, Chris Matthews, Barbara Boxer, etc.) didn’t defend his policies? That’s pretty much all they did while refusing to entertain or acknowledge any criticism. Only the Democrat panic part rings true.

The Times’ editorial board reached backward for successes but failed to see the failure those so-called “successes” have become. Pointing to the 2009 stimulus bill as a reason for economic recovery ignores the fact that our economy is still doing poorly and has not recovered. Boasting the creation of “2.5 million jobs” ignores that 75% of jobs created this year are part-time and that 9.5 million people have left the workforce under Obama’s poor economy.

Pointing to the Affordable Care Act (Obamacare) as another “success” is laughable considering that it is a main factor responsible for all those part-time jobs and the exodus from the workforce. Rate increases, reduced coverage, policy cancelations, and uncertainty plague the nation (with more to come) in order to provide health insurance for approximately 10% of the population – and only 10% of those have actually obtained insurance so far. That’s one sad “success” story.

The NY Times’ editorial board makes no mention of foreign policy, Obama’s most glaring failure, or the continuing indecision he displays. Instead, they travel back to the good old days when blind faith in Obama ruled the day, all Democrats were in lock-step, and Obama’s word was sacred. Times have changed, but it seems that the Times hasn’t.

It’s time to vote for another “change”.

David J. Hentosh

Common Sense Takes a Hike in Seattle

June 4, 2014

Washington State has the highest state minimum wage at $9.32 an hour, but the Seattle city council decided that $15 an hour is better. So, the road to hell received a new paving block with the good intention of a more than 50% increase in Seattle’s minimum wage. This feel-good, idealistic ordinance will have unintended consequences and the dominoes will begin falling.

The first domino to fall will wipe out some minimum wage jobs, hurting many who were supposed to be helped by this ordinance. Employers will have to cover the cost of this wage hike by eliminating jobs and increasing the work load for others. They will also think twice before bringing on new hires at any wage level.

Some adult minimum wage workers will be replaced with teens who are allowed by this ordinance to be paid less than $15 an hour. Families desperately dependent on an adult minimum wage earner will suffer and the cost of welfare and unemployment benefits will rise (tax increase on the horizon?). The replacement of adults with teens will also bring a lower level of competence to those jobs, resulting in reduced quality, productivity, and customer satisfaction.

Skilled workers now making $15 an hour will demand a raise – and rightly so. It would be an insult for an experienced, skilled worker to make the same hourly wage as a burger-flipper. Unions will certainly back up this demand and wages across the board will increase accordingly. As wages increase, so will prices – on everything.

Some workers will benefit from this increase, but a rising cost of living and the economic effect of other falling dominoes will make that short-lived. The idea that this will help the overall economy is similar to that of Obamacare lowering insurance premiums: Wishful thinking.

Believing something will happen does not make it so, and short-term “feel good” actions have long-term consequences. Socialist Seattle City Council member Kshama Sawant gleefully tells us: “$15 in Seattle is just the beginning.” Some, however, believe it may be the beginning of the end.

David J. Hentosh

Census Bureau Data Shows Bubble Bursting

April 16, 2014

For all those voting strictly for the party that continues to provide more and more government handouts, you should know that the freebie bubble is about to officially burst. Census Bureau Data shows those receiving handouts far outnumber those working to pay for them and it is only a matter of time before it all crumbles.

From cnsnews.com

Buried deep on the website of the U.S. Census Bureau is a number every American citizen, and especially those entrusted with public office, should know…In 2012, according to the Census Bureau, approximately 103,087,000 people worked full-time (35 or more hours per week)… There were 108,592,000 people in the fourth quarter of 2011 who lived in a household that included people on “one or more means-tested program“…Those 108,592,000 outnumbered the 86,429,000 full-time private-sector workers who inhabited the United States in 2012 by almost 1.3 to 1…All told, including both the welfare recipients and the non-welfare beneficiaries, there were 151,014,000 who “received benefits from one or more programs”…The 147,802,000 non-veteran benefit takers outnumbered the 86,429,000 full-time private sector workers 1.7 to 1

These numbers make it clear our current government assistance situation is not sustainable. It is also clear that we are already on our way down. If voters don’t wake up, we may possibly hit bottom during the next administration’s reign.

David J. Hentosh

Entitlement Programs are Financing Holy War

February 19, 2013

The Western world, bathed in political correctness and bowing to the god of diversity, is financing its own demise. Fearing being judgmental, many western governments have adopted an attitude of moral equivalence that allows terrorists to use entitlements to wage holy war

Radical British Muslim preacher Anjem Choudary was caught on tape urging followers to “Claim your Jihad Seeker’s Allowance”, also known as state benefits, in order to wage holy war as he does. He mocked those working for a living, bragging about his state provided take-home pay that is more than some British soldiers fighting in Afghanistan earn.

According to The Sun, Choudary lives in a $500,000 house and earns an equivalent taxed salary of approximately $50,000/year from housing benefits, council tax allowances, income support, and child benefits. He preaches to followers: “You must hate in your heart”, urging Muslims to kill David Cameron, Barack Obama and the leaders of Pakistan and Egypt. This is allowed, and financed, by the British government.

Unconditional acceptance of political correctness and diversity is rotting the very core of Western civilization. The common good, as well as common sense, has been abandoned in favor of “progressiveness”, the new religion for those abhorring religions. As the cartoon character Pogo once wisely said, “We have met the enemy and he is us”.

Runaway entitlement programs are doing much more than providing sustenance for those who are truly in need. They are creating a culture of dependence which breeds contempt for the hand that feeds. They are providing enemies with a safe haven for plotting. They are becoming an addictive drug, allowing those addicted to grow in number and vote, as a block, for more of the drug.

Our enemies are not stupid – we are. Wake up and smell the rot.

David J. Hentosh

Obama’s State of Denial Address

February 13, 2013

President Obama once again delivered a campaign speech disguised as a State of the Union address. Obama is good with rhetoric that stirs emotions while denying reality, so those who succumb to such gibberish will be ecstatic. Those who are not in denial will be frightened by the direction this president is taking.

Obama’s denial of his administration’s failure to improve job growth was evident in his calling for a higher minimum wage. If there are no jobs available at a minimum rate of $7.25 an hour, how would raising it to $9.00 help create more? It wouldn’t, and many experts have warned against such an increase at this time, especially since it could result in jobs being exported to China.

Obama further denied the job crisis and threw out another emotional bone to hungry believers by stressing a college education. The unemployment lines are full of college graduates unable to find jobs, so the primary emphasis needs to be on the economy and job growth. Talking of college educations certainly plucks parents’ heart strings, Obama’s intent; but it hides his administration’s failure to improve the job market and reduce unemployment.

Obama declared Al Qaeda to be a “shadow of its former self”, denying Al Qaeda’s continued successful attacks around the globe. Declaring Al Qaeda defeated doesn’t make it so, but it rationalizes bringing troops home so he can cut the defense budget. Obama only cares about his social programs and cutting the defense budget will help him finance those programs. Pretending Iran and North Korea are of little threat also helps him in that endeavor.

In Obama’s eyes, everything is going well because he is, by hook or by crook, finding a way to get everything he wants. Consequences are meaningless to one convinced of superior intelligence, especially when duped voters and a highly invested media ignore accountability.  His “green” agenda has been a costly disaster, but that bandwagon is still full and rolling.

Inadvertently, the president did touch on reality in his speech at one point when he said his spending proposals would not increase the deficit by “a single dime”. They will increase the deficit by billions of dimes and saddle future generations with the bill, higher taxes, and programs they will no longer be able to afford. On the brighter side, fast food joints will end up with the most educated employees of any industry – as long as Michelle doesn’t find a way of eliminating fast food.

David J. Hentosh

Obama’s Fiscal Fallacy

January 15, 2013

President Obama continues to demand that the debt ceiling be raised, inferring that the nation’s bills will not be paid unless that ceiling is raised. His framing of economic issues skirts the truth and is done in such a way as to make him look like a rational and knowledgeable expert. The reality is that he is no expert; He is the problem.

Forty cents out of every dollar spent by the federal government is borrowed money and raising the debt ceiling only allows the government to borrow more money. It will not help reduce the debt or reduce the forty cents on the dollar borrowed. It will only help Obama increase entitlement spending to meet his personal, ideologically driven goals – by borrowing more money.

Obama has shown that the poor economy, high unemployment, and the enormous debt take a back seat to his personal ideology. This is why he fails to meet the legal requirement of submitting a budget by the first Monday in February. He has done that only once and will fail to do so again this year. In fact, he has failed to meet that requirement more than any previous president. It is not a priority on his agenda and legal requirements mean little to him.

Obama continually uses the blind faith many have in him, telling believers what they want to hear and spinning everything his way. It is the reason he was re-elected with an economy doing as poorly as it is and unemployment at such a high level. He uses rhetoric to solve economic problems in the minds of his followers while running up the tab fulfilling his personal agenda.

With no future re-election to hamper him, Obama’s arrogance is increasing as fast as the debt. His fiscal policies have been a farce and he is now aiming to ram through legislation on guns and immigration – through the back door. The bill for all of this will have to be paid eventually but by then he will be gone, leaving behind a costly and “fundamentally transformed” America for our children.

David J. Hentosh

The Farce Goes On and On

January 7, 2013

The National Monitor contains a headline stating: “Obama scores another victory: Unemployment rate falls to 7.8 percent, hiring continues”. The second sentence in the article reveals that the unemployment rate remains “unchanged” at 7.8%. How, then, can a stagnant unemployment rate be considered a victory for Obama? The answer, of course, is that everything Obama does must be considered a victory by today’s biased media.

An unemployment rate of 7.8% since September clearly shows that our economy is stagnant and not recovering, indicating that Obama’s economic policies are not working. Rising health insurance premiums reveal the fallacy of Obama’s promise of lower rates under Obamacare. The increase in social security taxes currently being felt by the middle class comes from Obama’s “successful” tax increase on the rich, breaking his promise to protect the middle class.

Obama was re-elected in spite of all of these failures, and more, because the media protected its investment with repeated spin, reporting success in everything. That spin continues even as Obama’s promises continue to fall and warnings and predictions from conservatives continue to become reality. Obama voters have been duped but, like the mainstream media, they continue to keep the dream alive through denial.

This denial is dangerous and it is allowing Obama’s promise to “fundamentally transform America” to come true – the one promise he is actually keeping. That promised “transformation” was ignored by a media intoxicated by “hope and change” and, therefore, never investigated. Tragically, it still remains ignored.

So, the farce goes on and on and points of no return are being passed with little awareness by the media and Obama voters. Eventually, the truth will become unavoidable and consequences will have to be faced but by then, too many bridges may have been burned. One can only hope that our children will be able to re-construct from those ashes some of the greatness America lost due to the hollow promises of “hope and change”.

David J. Hentosh

Obama’s Tax Charade

January 3, 2013

In his New Year message, president Obama made the claim that a middle class tax hike was prevented with the recent “fiscal cliff” agreement. He further stated that his priority has been to prevent a tax hike on 98% of all Americans in 2013 and that this agreement does that.

While it is true that expiration of the Bush tax cuts for 98% of Americans was prevented, the Social Security payroll tax holiday which was enacted in 2010 is going to expire, effectively raising taxes for most wage earners. This is a tax hike on the middle class that Obama pretends isn’t happening, amounting to a mean tax increase of approximately $1635 for 77% of Americans.

Obama’s class warfare succeeded in getting him re-elected and raising taxes on the rich, but the middle class he pretends to champion is now experiencing collateral damage from his war. Taxes, spending, and the deficit are rising and the middle class will have to pay for it for a long, long time. Meanwhile, the rich will continue to live well protecting their assets and some may leave the country to avoid Obama’s foolish attack.

Obama blows smoke and far too many inhale it willingly. He has previously stated that the last thing the middle class needs in this struggling economy is a tax increase, yet, his policies continue to raise taxes. Obamacare already increased health insurance premiums and taxes will have to increase to pay for it. Taxing the rich cannot possibly pay for all the entitlement programs Obama refuses to reduce – and he knows that. He just keeps it hidden with smoky rhetoric.

One can say that the American people deserve to be tricked and taxed because they elected the “leaders” doing it, but what of our children? They are going to be saddled with the cost of this charade for the rest of their lives. They don’t deserve to pay the consequences of poor decisions that elected such leadership. Even the rich kids don’t deserve this.

David J. Hentosh