The Obama Report Card

Posted by Shawn Mallow
Published: March 3, 2009 – 2:08 PM

So, how has Obama chosen to lead over his first 30 or so days in office?

Let’s see:

• US money for overseas abortion? Check.

• $900 Million to aid the Gaza strip in rebuilding after the “Israeli aggression”? Check

• Plans to drop the US missile shield in the Chech Republic and Poland in hopes that Russia will help deter Iran from building a nuke? (‘Cause we all know we can trust the Russians) Check

• $787 billion spending bill which no elected official had time to read? Check

• $75 billion mortgage bailout to help people who can’t afford mortgages they should not have been allowed to have in the first place? Check

• Fannie Mae and Freddie Mac get $200 billion more each to mismanage their affairs? Check

• 19,000 more troops sent to Afghanistan with no explainable mission statement? Check

• $410 billion omnibus spending bill which is entirely made up of pork-laden earmarks and pet projects as pay-off to crooked lawmakers? Check

• The Dow is down almost 2500 points since Obama’s election? Check

• Consumer confidence at an all-time low (It’s at 25. A year ago it was in the high 70s)? Check

• $2 trillion in more spending for Timothy Geithner’s “Financial Stability Plan”. Check

• Money we actually have to spend for all of these bailouts? Zero

• Screwing America’s future? Check

• Feeling hopeless from all the change? Check

A letter from your boss under an Obama administration.

You can perhaps consider that you just might see a letter like the following under the Obama administration. Why? Simply because so many people were unable, or unwilling to stop and consider the implications and consequences of Obama’s economic policy’s.

Millions of our citizens thought that “spreading the wealth around” was, and is a viable and realistic economic policy; but the reality is that it is not, nor has it ever been, anywhere. Obama will drive up the cost of doing business in just about every way possible, and it is going to force business owners (such as yours truly) to cut costs anyway possible; and that means that people are going to lose their jobs.

I’m going to save the following letter in my personal draft files for use at a later time because I fear that there will come a time under the Obama administration that I will have to use it. And should I know that one of my employees was an Obama supporter, they will be the first to go. I will give them a chance to truly understand the consequences of what they supported.

Subject: Letter to employees
To All My Valued Employees:

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

Of course, as your employer, I am forbidden to tell you whom to vote for – it is against the law to discriminate based on political affiliation, race, creed, religion, etc. Please vote who you think will serve your interests the best.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests. First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last year’s Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life. However, what you don’t see is the back story.

I started this company 12 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice. Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, shit, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Mercedes, the vacations… you never realize the back story and the sacrifices I’ve made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for. Yes, business ownership has is benefits but the price I’ve paid is steep and without wounds. Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country. The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don’t understand … to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don’t defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the mud of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this? It’s quite simple. If any new taxes are levied on me, or my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child’s future. Frankly, it isn’t my problem anymore. Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs
will be destroyed, and with it, will be my citizenship.

While tax cuts to 95% of America sounds great on paper, don’t forget the back story: If there is no job, there is no income to tax. A tax cut on zero dollars is zero So, when you make your decision to vote, ask yourself, who understands the economics of business ownership and who doesn’t? Whose policies will endanger your job? Answer those questions and you should know who might be the one capable of saving your job. While the media wants to tell you “It’s the economy stupid” I’m telling you it isn’t. If you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever.

If that happens, you can find me in the South Caribbean sitting on a beach, retired, and with no employees to worry about.


Signed,
Your Boss

Obama, “Spread the wealth around” equals socialist income redistribution.

Power Line – Spread your own wealth around

When Barack Obama responded to the Ohio plumber who didn’t want his taxes raised that Obama wanted to “spread the wealth around,” I wanted to tell him to spread his own wealth around. It was in any event a rare moment of candor on the part of Senator Obama.

Obama all but told the plumber that his wealth should be seized in the name of equity. The encounter played out one of the old themes of democratic politics: the appeal to the many to take from the few. It’s traditionally an easy sell in democratic regimes.

Despite Obama’s implication to the contrary, however, It doesn’t represent much in the way of change. According to the most recent (2006) data released by the IRS, the top 1 percent of filers paid nearly 40 percent of all income taxes; the top 5 percent paid 60 percent of all income taxes. The bottom 50 percent paid virtually no income taxes (3 percent of all income taxes paid).

The personal income tax, the federal government’s main source of revenue, is collected overwhelmingly from a relative handful of Americans. The large majority of all Americans pay little or no income tax.

CNN lies about the Obama – Ayers ties…

A Blog For All: CNN: Obama Lies About Ayers Ties

You read that headline right. CNN actually catches Sen. Barack Obama
lying about his relationship with the terrorist Bill Ayers. It doesn’t
matter that Ayers carried out his terrorism 20 years ago, he’s still a
terrorist, and has never been held accountable for his actions. Obama
knew, or had reason to know about Ayers radical leftist positions, and
intent to bring about revolution, and yet chose to continue to have a
relationship with Ayers.

H/T Lawhawk!

Barney Frank sleeping with Fannie Mae exec.

FOXNews.com – Lawmaker Accused of Fannie Mae Conflict of Interest – Politics | Republican Party | Democratic Party | Political Spectrum

This is just rich…
Barney Frank and his lover are truly at the root of this financial mess.

Turns out that Frank was in a position (no pun intended) to influence Fannie Mae, because he was sleeping with one of the executives! And this guy has the audacity to blame everyone else for this problem!!!

Frank needs to be in jail.

“C’mon, he writes housing and banking laws and his boyfriend is a
top exec at a firm that stands to gain from those laws?” the aide told
FOX News. “No media ever takes note? Imagine what would happen if
Frank’s political affiliation was R instead of D? Imagine what
the media would say if [GOP former] Chairman [Mike] Oxley’s wife
or [GOP presidential nominee John] McCain’s wife was a top exec
at Fannie for a decade while they wrote the nation’s housing and
banking laws.”

Frank is one of the most arrogant criminals that we have in DC. This is a bum that really needs to be thrown out.

Trust us! We’re from the government.

Do I really have to say anything?

This is no joke.

Think its a joke? Don’t.

This is not intended to be a judgment about the presidential race either way. It is however an intent of hope, that will cause some people to stop and take notice, and make a judgment about the associations that Obama has made.

Obama is truly an example of a criminal politician.
– He has masked his intentions totally. He say’s that he’s not an ordinary politician, that he is one of “change” and “hope” (CHOPE for short). Yet he’s the most party line voter out there. How is that CHOPE? It isn’t. You really need to take notice when the person totally misrepresents what he says he stands for.

– Look at his associations:Ayers, Rezko, Wright, various communists and jihadist sympathizers. And thats the short list.

This guy couldn’t get a security clearance if he were in the military. Yet some are considering acceptable as the commander in chief of our country’s military. He is not fit to lead in any way, shape or form.

So the bailout bill has passed. Look what the criminals added…

As expected, the bail out bill has passed.

The striking thing however is that, in this time of crisis, these criminals in congress have managed to grow the bill from its initial form by nearly 15,000%!!! Seriously! The went from a three page bill to a 451 page bill!!!! We are told that we are on the verge of a depression and these criminals are finding a way to repeal a 39 cent excise tax on wooden childrens arrows??? We have a crisis, and this is what these scumbags do?

It is TIME TO THROW THE BUMS OUT!!!!!!!!!!!!!!!!!!

Here is some more. Enjoy! :
Apart from the Troubled Assets Relief Program, the bill before the Senate includes:

• Extensions of the AMT patch, tax deductions on state and local sales taxes, tuition, teacher expenses and real property taxes and tax credits for business research and new market investors
• Energy tax credits and incentives to encourage wind and refined coal production, new biomass facilities, wave and tide electricity generators, solar energy property improvements, CO2 capturing, plug-in electric drive vehicles, idling reduction units on truck engines, cellulosic biofuels ethanol production, energy efficient houses, offices, dishwashers, clothes washers and refrigerators, and fringe benefits for employees commuting by bicycle.
• A requirement for private insurance plans to offer mental health benefits on par with medical-surgical benefits
• Tax relief provisions for victims of this summer’s Midwestern floods, and Hurricane Ike
• Freezing of deductions for sale and exchange of oil and natural gas, mandatory basis reporting by brokers for transactions involving publicly traded securities and an extension of the oil spill tax.

But it also extends the following tax provisions:

• Economic development credit to American Samoan businesses
• $10,000 tax credit for training of mine rescue team members
• 50% immediate expensing for extra underground mine safety equipment
• Tax credit for businesses with employees from an Indian reservation
• Accelerated depreciation for property used mostly on an Indian reservation
• 50% tax credit for some expenditures on maintaining railroad tracks
• 7-year recovery period for motorsports racetrack property
• Expensing of cleaning up “brownfield” contaminated sites
• Enhanced deductions for businesses donating computers and books to schools, and for food donations
• Deduction for income from domestic production in Puerto Rico
• Tax credit for employees in Hurricane Katrina disaster area
• Tax incentives for investments in poor neighborhoods in D.C.
• Increased rehabilitation credit for buildings in Gulf area
• Reduction of import duties on some imported wool fabrics, transfers other duties to Wool Trust Fund to promote competitiveness of American wool
• Special expensing rules for film and TV productions

And there’s more:

• Increasing cover of rum excise tax revenues to Puerto Rico and the Virgin Islands
• Making it easier for film and TV companies to use deduction for domestic production
• Exempting children’s wooden arrows from excise tax
• Income averaging for Exxon Valdez litigants for tax purposes

Feel free to read some more about this garbage.

WSJ Bailout Plan New Life article

UPDATE:

This just keeps getting better and better… If you thought you were already screwed by this, you’ll love this. And if you thought that this was a good idea, hopefully this will open your eyes and make you realize that you helped enable Pandora’s box of screw jobs.

Check this out… This criminal new this before the bill passed, but he is just now letting the cat out of the bag. Now you’ll understand why this was shoved down our throats.

“”Hundreds of billions of dollars are going to bail out FOREIGN INVESTORS. They know it, they demanded it, and the bill has been carefully written to make sure that can happen.” – Brad Sherman , D-California”

That’s right folks. You are going to have $700 billion – about 25% of the total federal budget – put on your personal credit card (via taxes forever) in order to bail out foreign investors. You getting that???

But wait! There’s more!

Oh, and the best part of it is that the underlying assets involved do not even have to be in the United States!

Here is the definition of a “troubled asset”, right from the bill:

“(9) TROUBLED ASSETS.—The term ‘‘troubled assets’’ means— (A) residential or commercial mortgages and any securities, obligations, or other instruments that are based on or related to such mortgages, that in each case was originated or issued on or before March 14, 2008, the purchase of which the Secretary determines promotes financial market stability;

and (B) any other financial instrument that the Secretary, after consultation with the Chairman of the Board of Governors of the Federal Reserve System, determines the purchase of which is necessary to promote financial market stability, but only upon transmittal of such determination, in writing, to the appropriate committees of Congress.”

Notice that conspicuously missing from the definition is the requirement that the asset’s underlying thing (that is, the property that was mortgaged, etc) lies within the United States. Also note that Treasury must tell Congress if they add “new types” of debt, but that Congress has no right of review or censure.

Starting to feel that burning sensation yet?

No? How about this?

YOU WILL WIND UP EATING $700 BILLION OR MORE – THIS IS A REVOLVING CREDIT LINE, NOT A MAXIMUM AMOUNT – OF FOREIGN BAD DEBT FROM THE CHINESE AND ELSEWHERE.

THAT’S RIGHT – THE PURPOSE OF THIS BILL IS TO SCREW YOU, THE AMERICAN TAXPAYER, BY OFFLOADING ALL OF THE TROUBLED DEBT AROUND THE WORLD ONTO YOUR HEADS!

How do you feel now? All of those payoffs that these criminal in Washington have been living off of are being paid back. This mixed economy that we have allowed to fester is now about to bite us in the collective ass. And these criminals in Washington just gave us the big finger up the backside, with no warning or lube.

If you are for this, congratulations, you’ve just screwed us, and your future generations.

So this is what community “organizers” do… And yet another reason to Throw The Bums Out.

The Greenlining Institute: Does the financial crisis have its origins in Berkeley? · zomblog

If you’re truly curious about the roots of this financial crisis we find ourselves in, you need to take the time to read the blog found at the other end of the link listed above.

Here is the mission statement of The Greenlining Institute. It speaks volumes of the organizations intent
“The Greenlining Institute’s mission is to empower communities of color and other disadvantaged groups through multi-ethnic economic and leadership development, civil rights and anti-redlining activities.”

This is a good example of what “community organizers” do for a living. It seems that the actual purpose is to parade around as a modern day, politically correct Robin Hood.

Matthew Vadum nails the point more succinctly however.

Financial Affirmative Action

When the history of the Great Economic Meltdown of 2008 is written, in-your-face shakedown groups like the Greenlining Institute will be held to account.

Greenlining, headquartered in Berkeley, California (where else?), is a left-wing pressure group that threatens nasty public relations campaigns against lenders that refuse to kneel before its radical economic agenda. Its principal goal is to push politicians and the business community to facilitate “community reinvestment” in low-income and minority neighborhoods.

The Greenlining name is a play on the unlawful practice of “redlining.” That’s when financial institutions designate areas, typically those with a high concentration of racial minorities, as bad risks for home and commercial loans. The Institute wants banks to give a green light to loans in these areas instead.

Recently profiled by John Gizzi, Greenlining uses carrot-and-stick tactics to blackmail public agencies, banks, and philanthropists to achieve its objectives. The Institute brags it has threatened banks into making more than $2.4 trillion in loans in low-income communities.

These scumbags even have the audacity to say the following at the top of their “community reinvestment page”:
See for yourself, but be ready to throw up a little in your mouth:
Greenlining Community Reinvestment Page

They claim to do this through “holistic advocacy”. Wow… Translation: protests, demonstrations, threats, lawsuits, accusations of racism. Here is a list of what these thugs have done in just one year:

1)  A 150 billion dollar CRA commitment by Wachovia for California.
(2)  A 11.5 billion dollar CRA commitment by the mid-sized East West bank.
(3)  A unique agreement with Rabobank (the giant Dutch bank) to turn San Joaquin farmworkers into farmowners and
(4)  A CRA agreement with Merrill Lynch that will tap its innovative leadership for micro-enterprise, community development, small business lending and affordable housing.

Take careful note that the intent of this group of community organizers is to indentify lending institutions that have, in Greelinings eyes, failed to give out enough money to the “underserved” market segment of unqualified buyers.

Here is the part that should really scare you….
Here is how much Greenling has bragged about, as far as extorting lending institutions.
And remember how much our so called “leaders” are putting up in this bail out.
Greenlinging alone, claimes to have successfully obtained…

Wait for it…

Ready???

$2.4 TRILLION in “CRA Commitments”…. (CRA = Community Reinvestment Act: The federal policy/program that has landed us in this position).

So… Now what do you think about what these criminals in Washington have enabled? Our so called leaders have enabled, and empowered an entire culture of entitlement. And whats worse is that they’ve given these parasites the force of law to steal, and redistribute wealth!

It is time to Throw The Bums Out.