Tag Fiscal policy

How To Tank an Economy: Let Me Count the Ways

Allen Frederick 1 Comment

Despite efforts to spin reality, there are 5 signature Obama policies which have hampered economic recovery. According to the Heritage Foundation they are as follows:

Amplify’d from blog.heritage.org
  • Stimulus package—The nearly $1 trillion boondoggle failed to stimulate, as we all now know, but made government grow beyond its means. Most of the stimulus bill was filled with the usual government pork or repeating failed policies of the past such as “shovel-ready” projects. Very few provisions were pro-growth and worked to encourage companies to create new, permanent jobs. Some provisions, such as increased unemployment benefits, unfortunately increase the duration of unemployment. The bottom line is that the stimulus bill was based on the flawed economic assumption that governments can spend their way back to prosperity and growth. The government stimulus bill did not create jobs; instead it filled job creators with fears of future tax hikes or more borrowing, and thus future artificially high interest rates.
  • Obamacare—It took the Administration and the Democratic-held Congress a year and half to ram this piece of legislation down the throat of the American people, time that could have been spent fixing the employment picture. Worse yet, Obamacare imposes vast and expansive new regulations and made labor costs uncertain. Many businesses have said that they are not going to hire permanent workers until they understand exactly how much Obamacare is going to cost their business and raise employment expenses. Other businesses are not sure how the new Obamacare regulations impacts their bottom line, which means they are going to sit tight instead of expanding.
  • Frank-Dodd Financial Bill—The heavy-handed Dodd-Frank financial regulation bill not only placed needless burdens on small as well as large financial institutions,  but has deterred investment by imposing ill-defined restrictions on those who want to invest in the economy.  And it did so without addressing the real causes of the financial crisis.
  • Environmental Protection Agency regulation—Unable to get Congress to pass Cap and Trade, with its skyrocketing electric rates, the Obama EPA is skinning the cat another way—mandating costly regulation. The EPA is implementing a lineup of electric-industry regulations, including the already in-force, but-as-yet-unspecified new CO2 rules, that promise higher rates, less reliability, and a sketchy future business environment.  It’s no great surprise that firms haven’t turned up the throttle on hiring and expansion.
  • Regulatory Assault on Employers—The Administration’s enforcement agencies view employers as lawbreakers who need to be brought in line. Within the Department of Labor the Occupational Safety and Health Administration (OSHA) and Wage and Hour Division (WHD) have ramped up enforcement spending while cutting back programs that help employers understand and comply with the law. Obama’s Solicitor of Labor emphasizes the Labor Department’s focus on litigation against employers. The National Labor Relations Board (NLRB) is twisting the law into pretzels to facilitate union organizing, going so far as to file charges against Boeing for creating jobs in a non-union state. Obama’s message to employers has been clear: “We suspect you are breaking the law and we will get you.” Small wonder they are not hiring.

Read more at blog.heritage.org
 
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Where’s the Democrat Budget? Has Anyone Seen One?

Allen Frederick Leave a comment

Did you know that Congressional Democrats haven’t proposed a budget since the fiscal 2010 one was passed on April 3, 2009.

That’s 27 straight months without a budget proposal from a Democrat in either the House or the Senate, And yet they continue to blame the GOP for the fiscal mess we now find our country in. The first and foremost responsibility of congress is to ENACT a budget each year. It is now 2 years and there is still no budget. The GOP house has passed a budget for 2012 but the DEMS who control the SENATE refuse to vote for it or offer an alternative.

All this talk about raising the debt ceiling is mute since the congress failed in its primary duties to pass a budget. How is anyone supposed to know how much money the government really needs if there is no PROPOSED BUDGET. I say let the government shut down until after the 2012 elections. Think about how much money the US TAXPAYERS will save if all them spend-a-holics where to leave town for a few months. Can you spell R-E-L-I-E-F? Now that sounds like one Government action that would actually be for the Common welfare of the people.

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Isn’t It Amazing How Some Things Just Never Change?

Allen Frederick 2 Comments

https://i0.wp.com/netrightdaily.com/wp-content/uploads/2010/09/Obama-Unemployment.jpg

No matter what happens the story remains the same. I inherited this crisis and I am doing everything I can to make things better but as it will only get worse since I inherited this crisis.

The more money the government spends on ECONOMIC STIMULUS plans the more the unemployment rate goes up, and yet the administration never makes the connection that perhaps it is his policies that is causing the crisis that he inherited. Oh well November is almost here and then we can start to get to work on erasing this Obama crisis we Americans inherited with his nomination in 2009.

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There are None So Blind As Those Who Will Not See

Allen Frederick 3 Comments

Random Ramblings from the Resident Raptor.

Insight for your “Journey across the Sky”

A View from the Nest www.eagleviews.org

Wisdom, mural by Robert Lewis Reid. Second Flo...

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Prov 1:20-33 (AMP) Wisdom cries aloud in the street, she raises her voice in the markets; She cries at the head of the noisy intersections [in the chief gathering places]; at the entrance of the city gates she speaks: How long, O simple ones [open to evil], will you love being simple? And the scoffers delight in scoffing and [self-confident] fools hate knowledge? If you will turn (repent) and give heed to my reproof, behold, I [ Wisdom] will pour out my spirit upon you, I will make my words known to you. Because I have called and you have refused [to answer], have stretched out my hand and no man has heeded it, And you treated as nothing all my counsel and would accept none of my reproof, I also will laugh at your calamity; I will mock when the thing comes that shall cause you terror and panic— When your panic comes as a storm and desolation and your calamity comes on as a whirlwind, when distress and anguish come upon you. Then will they call upon me [Wisdom] but I will not answer; they will seek me early and diligently but they will not find me. Because they hated knowledge and did not choose the reverent and worshipful fear of the Lord, Would accept none of my counsel, and despised all my reproof, Therefore shall they eat of the fruit of their own way and be satiated with their own devices. For the backsliding of the simple shall slay them, and the careless ease of [self-confident] fools shall destroy them. But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

The evidence is everywhere. Truth is blaring from the loud speakers all around the world. Countries are failing, here at home states are finding it harder and harder to meet federal mandates and public sector pension obligations. On capital street one company take over after another and yet nothing changes. The national debt will exceed 13 trillion dollars this year and only the sky is the limit into the future. Medicare and Medicaid along with Social Security are all in the red, let’s face it folks America’s entitlement programs are bankrupt and yet many refuse to change course or even acknowledge the direction America is heading is wrong.

Add to the mix Freddie Mac and Fannie Mae are still running deficits as far as the eye can see. Nothing is working on capital hill. And to be honest not much is working in the private sector either. The unemployment rate seems to be the only thing going up in an otherwise downward spiral.

Many have seen their personal nest eggs reduced or depleted with the recession of the stock market. Tax revenue is falling off rapidly because more and more people are not working. And yet many think all is well and the captain of the ship of state bellows full speed ahead on one socialist agenda item after another. Waiting in the wings are tax hikes along with the huge budget busting Obamacare plan still to be enacted.

Yes my friends the truth is out there, but can you handle the truth? Can you open your eyes and ears to listen to the sound of wisdom shouting aloud in the streets, and the marketplace? What must we do to stop this insane rebellion against the truth and sound fiscal policy? Our country is out of control. Fools are running the ship of state straight into an iceberg of ruin.

Ezek 12:2 (GW) “Son of man, you are living among rebellious people. They have eyes, but they can’t see. They have ears, but they can’t hear because they are rebellious people.

The irony is that America is now adapting the European model just as the evidence of its failure is becoming clear even to the New York Times. As Charles Murray wrote in “The Happiness of The People”-“If we want to know where America is headed—its destination—we should look to Europe.” The Times has now given us a harrowing picture of that destination. For the left leaning New York Times to see the handwriting on the wall it must be blatantly obvious. The truth is screaming from everywhere, the question is are we willing to heed wisdom’s warning or destined to suffer the fate of fools?

But whoso hearkens to me [Wisdom] shall dwell securely and in confident trust and shall be quiet, without fear or dread of evil.

But those who are waiting for the Lord will have new strength; they will get wings like eagles: running, they will not be tired, and walking, they will have no weariness. Isaiah 40:31 (BBE)

Along for the journey

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