Friday, September 10, 2010

Dear President Obama, For The Love of Freedom, Hear Us!

This is the video that received over 5 million hits in just two days. But the hits keep coming. Anybody with a love of Freedom written in their heart should watch it. And please send it on to others. The time for action is now!




Pentagon Attempts to Block Book on Afghan War




The Defense Intelligence Agency has blocked a book about
 the tipping point in Afghanistan and a controversial pre-9/11
 data mining project called "Able Danger.
FOX NEWS EXCLUSIVE: by Catherine Herridge

On the eve of Sept. 11, Fox News has learned the U.S. Defense Intelligence Agency has attempted to block a book about the tipping point inAfghanistan and a controversial pre-9/11 data mining project called "Able Danger."



In a letter obtained by Fox News, the DIA says national security could be breached if
"Operation Dark Heart" is published in its current form. The agency also attempted to block key portions of the book that claim "Able Danger" successfully identified hijacker Mohammed Atta as a threat to the United States before the Sept. 11, 2001, terror attacks.

In a highly unusual move, the Department of Defense is now negotiating with the publisher, St. Martin's Press, to buy all 10,000 copies of the first printing of the book to keep it off shelves -- even after the U.S. Army had cleared the book for release.
Specifically, the DIA wanted references to a meeting between Lt. Col. Tony Shaffer, the book's author, and the executive director of the 9/11 Commission, Philip Zelikow, removed. In that meeting, which took place in Afghanistan, Shaffer alleges the commission was told about "Able Danger" and the identification of Atta before the attacks. No mention of this was made in the final 9/11 report. 
Shaffer, who was undercover at the time, said there was "stunned silence" at the meeting after he told the executive director of the commission and others that Atta was identified as early as 2000 by "Able Danger." 
"Dr. Philip Zelikow approached me in the corner of the room. 'What you said today is very important. I need you to get in touch with me as soon as you return from your deployment here in Afghanistan'," Shaffer said.  
Once back in the U.S., Shaffer says he contacted the commission. Without explanation, the commission was no longer interested. An inspector general report by the Department of Defense concluded there was no evidence to support the claims of Shaffer and others. But Fox News has obtained an unredacted copy of the IG report containing the names of witnesses, who backed up Shaffer's story when contacted for comment.
Atta was the alleged ringleader of the Sept. 11 hijackers and piloted American Airlines Flight 11 into the World Trade Center. 
Shaffer spoke to Fox News before he was asked by the military not to discuss the book.  He confirmed efforts to block the book and other details.
Calling the move "highly unusual," he explained that the book had already been cleared for release when the DIA stepped in. 
"Apparently, Defense Intelligence Agency took exception to the way the Army cleared the book," he told Fox News. 
The documents and exclusive interviews, including an Army data collector on the Able Danger Project, are part of an ongoing investigation by the documentary unit "Fox News Reporting" which uncovered new details about American cleric Anwar al-Awlaki and efforts by the FBI to track and recruit him for intelligence purposes after 9/11.








Capitol Hill Employees Owed 9.3 Million Dollars in Back Taxes!

Excerpts from an article by W.W. Farnam as it appeared in The Washington Post, September 9th, 2010





A link to Federal Staffers owing back taxes appears at the end of this post.





Nationwide, federal employees owed over a billion dollars in back taxes at the end of 2009. Capitol Hill employees made up 9.3 million of that amount. And 41 employees at the Executive Office of the President owed $831,000 altogether .





... The debt among Hill employees has risen at

a faster rate than the overall tax debt on the government's books, according to Internal Revenue Service data. It comes at a time when some Republican members are pushing for the firings of government workers who owe the IRS and President Obama has urged a crackdown on delinquent government contractors.





... The average unpaid tax bill is $12,787 among the Senate's delinquent taxpayers and $15,498 among those working in the House.





IRS debt among government workers has surfaced repeatedly as a political issue over the years, most recently when Rep. Jason Chaffetz (R-Utah) introduced legislation this year to fire federal workers who owe back taxes unless they have entered into a payment plan. Eight Republicans co-sponsored the bill. No Democrats have signed on, and some have said firings would reduce the government's prospects of being paid.







Some tax experts and watchdog groups say that Capitol Hill employees have an added obligation to settle IRS debts.



"Congress and their staff - because they are the people who write the tax laws and because they work for the public - have to be held to a higher standard," Steve Ellis, vice president of the watchdog group Taxpayers for Common Sense, said when told of the IRS numbers.

"These are hard times, but they are on the government payroll," said Mortimer Caplin, an IRS commissioner for presidents John F. Kennedy and Lyndon Johnson and a founding partner of the Caplin & Drysdale law firm. "The idea of paying taxes is kind of fundamental to a sound democracy, and they certainly have a special obligation in that regard."



Aides to Senate Majority Leader Harry M. Reid (D-Nev.) declined to comment, and aides to House Speaker Nancy Pelosi (D-Calif.) did not respond to a request for comment.









The Staffers Who Owe the IRS: Interactive Table

An interactive table that shows federal workers who owed money to the Internal Revenue Service in 2009













The Government Declares War on Small Business

This excellent article by Mark Rassmussen was top top ranked on The Market Oracle, one of my favorite sites. I reproduce it here because I believe that the business people that follow  Gary Bryan blog-spot will find it as profoundly revealing and informative as I did.



The government DOES NOT "create" productive, value added, sustainable "jobs", Small Business Does! To help set the stage, let's look at some important stats from the

Small Business Administration (SBA). Small businesses:



  • Represent 99.7% of all employer[s]

  • Employ just over half of all private-sector employees

  • Pay 44% of total U.S. private payroll

  • Have generated 64% of net new jobs over the past 15 years

  • Create more than half of the nonfarm private gross domestic product (GDP)

  • Hire 40% of high-tech workers (such as scientists, engineers and computer programmers)

  • Are 52% home-based and 2% franchises

  • Made up 97.3% of all identified exporters and produced 30.2% of the known export value in FY 2007.

  • Small firms produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large-firm patents to be among the 1% most cited.

Further, if you look to the Kauffman Foundation, startup firms are the "sole engine" of job creation in the U.S. economy.  Kauffman crunched a data set from the Census Bureau covering the years 1977-2005. In all but seven years during that period, existing businesses cut an average 1 million jobs… while firms in existence for a year or less created 3 million.







“Policymakers tend to focus on changes in the national or state unemployment rate, or on layoffs by existing companies,” explains Kauffman VP of Research and Policy Robert Litan. “But the data from this report suggest that growth would be best boosted by supporting startup firms.” Instead, these small firms are being strangled. Let me count the ways...





According to the National Business Group on Health, the typical large business will see its health insurance costs rise 9% next year.   But for small businesses, the numbers are rising faster. Small employers in California are looking at increases of 12-23%, on average, according to the Los Angeles Times -- one got notice of a 76% increase.  It’s an acceleration of a long-standing trend.  The government has skewed health insurance costs in favor of larger businesses for decades… and now the “health reform” law signed this year is tilting the scales that much further.



 



Due to the “financial reform bill”: Starting in 2012, every business must issue a Form 1099 to every vendor from whom it buys more than $600 in goods or services every year.  So, if you’re a small businessperson and you order $601 in office supplies from Staples over the course of a year (better keep a running total), you must issue a 1099 to Staples.



26 million sole proprietorships alone will be caught up in this net. SMC Business Councils, a business networking group, reckons its typical member currently files about 10 1099s a year. Under the new rules, SMC estimates the number could reach 200.

The idea behind this requirement is to increase compliance with existing tax law. The unintended consequence is it will bury small businesses in paperwork.

Very small firms with fewer than 20 employees already spend 45% more per employee than larger firms to comply with federal regulations, according to the SBA.



A study released by the Transactional Records Access Clearinghouse at Syracuse University shows the IRS has increased its audit hours of small businesses (those with less than $10 million in assets) by 30% over the last five years.  At the same time, large corporations’ audit hours are down 33%.



The average amount of “underreporting” found for each audit hour of a small- or midsized business was $1,025. For a large corporation, it was $9,354.



That’s a good trend if you’re a lawyer at a Fortune 500 firm. It's bad if you're a small business.



Individual sectors are also getting hit hard…

  • The financial reform law is hitting small community banks with big regulatory hurdles. “We will no longer be able to evaluate loan applications based solely on the creditworthiness of the borrower,” complains Sarah Wallace, chairwoman of a small thrift in Ohio, in The Wall Street Journal. “We will be making regulation compliance decisions, instead of credit decisions”

  • The requirements buried in a “food safety” bill likely to pass Congress this month will have a devastating impact on small farmers. “This could make farmers markets go away,” farmer Scott Frost tells the Portland Oregonian. “The only guys left standing in the room will be the big gorillas." That’s because the big boys can easily absorb the record-keeping requirements (and annual fees) that come with the bill.





It's not just the Feds looking for a piece of these guys. Small businesses are looking juicy to revenue-starved state governments. To wit…

  • Pennsylvania is looking to add a 6% sales tax to plumbing and electrical services

  • Wristwatch repair may become subject to a 4% sales tax in New York

  • Four states are looking to join the 26 that already tack on a tax or fee at bowling alleys

  • Want to go horseback riding in Arizona? The stable owner may soon have to charge you a 5.6% sales tax

  • Three states may opt to start taxing interior decorating services.

The NFIB is the largest small business organization representing over 600,000 businesses and millions of employees  in the U.S.  and was excluded from "The Obama Jobs Summit" last fall, along with the National Chamber of Commerce.



The National Federation of Independent Business puts out a monthly “Optimism Index” of small-business owners it surveys. Last month, that number sat at 88.1. The last time the number stayed above 90 for longer than three months was early 2008. It was over 100 as recently as October 2006.



“The persistence of Index readings below 90 is unprecedented in survey history,” says the NFIB. Contrast its readings over the last five years with, for instance, the big-business ISM manufacturing index, which has pointed to expansion for over a year now…



When NFIB (National Federation of Small Business) survey participants were asked what is the single-most-important problem facing their business, a plurality of 29% said “poor sales.” But right behind that…

  • 22% cited taxes

  • 15% cited “government regulations and red tape”

  • 7% cited “cost and availability of insurance” -- as we’ve seen, a government-created problem.

Only 4% cited availability of credit. Good thing we spent trillions in bank bailouts to keep the lines of credit open, isn't it?







Here is the offer The Government has made that Small Business can't refuse.



If You’re going to start a business or expand the one you’ve got now. It doesn’t really matter what you do or what you’re going to do. The government is your partner no matter what business you’re in – as long as it’s legal (there are exceptions to this).  But the government won't give you any capital – you have to come up with that on your own. The Government won’t give you any labor – that’s definitely up to you.  What The government will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you’re allowed to operate your business.  That’s half of your profits. Now in return for The government rules, The government is going to take roughly half of whatever you make in the business each year. Half seems fair, doesn’t it?. Of course, that’s half of your profits.  You’re also going to have to pay The government about 12% of whatever you decide to pay your employees because you’ve got to cover The government expenses for promulgating all of the rules about who you can employ, when, where, and how.



The government is your partner. It’s only “fair”. Now, after you’ve put your hard‐earned savings at risk to start this business, and after you’ve worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you’d like to cash out – to finally live the good life. Whether or not this is “fair” – some people never can afford to retire – is a different argument.  As your partner, The government is happy for you to sell whenever you’d like…because the partnership agreement says, if you sell, you have to pay The government an additional 20% of whatever the capitalized value of the business is at that time.  Yes, you put up all the original capital. You took all the risks. You put in all of the labor. That’s all true but but, The government has done its part too.  The government has collected 50% of the profits each year. And The government has always come up with more rules for you to follow each year. Therefore, The government deserves another, final 20% slice of the business.



Oh…and one more thing… Even after you’ve sold the business and paid all of The government fees…You should probably buy lots of life insurance. You see, even after you’ve been retired for years, when you die, you’ll have to pay be 50% of whatever you estate is worth.  After all, The government has lots of partners and not all of them are as successful as you and your family. The government doesn't think its “fair” for your kids to have such a big advantage but, if you buy enough life insurance, you can finance this expense for your children.  All in all, if you’re a very successful entrepreneur…if you’re one of the rare, lucky, and hard‐working people who can create a new company, employ lots of people, and satisfy the public…you’ll end up paying The government more than 75% of your income over your life.



The government believes this is a reasonable and fair offer that all Small Business people should be happy with, but it doesn’t really matter how you feel about it because if you ever try to stiff The government – or cheat The government on any of The fees or rules‐ The government won't hesitate to break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.  That’s how civil society is supposed to work right? This is America, isn’t it? That’s the offer America gives its entrepreneurs.





Still wonder why multi-national companies have been moving jobs offshore?  Small business can't escape and is a convenient captive victim of government?



 What is the Government really doing for Jobs/Employment?



107 million privately employed Americans support 22 million government employees and the Federal Government pays twice as much for government jobs.











At what Cost? 



There are certain essential costs a society must bear; these costs are represented by approximately one-third of our GDP.  This number exceeds 50% when you consider state, regional and local spending.  At some point, expenditures become burdens. Beyond this point, each dollar of government spending has a greater than one dollar of negative affect on society.  The negative effects include allocating capital to the administrative public sector and removing the capital from the productive private sector, that pays for the public sector.  This is like burning your furniture to stay warm in the winter or bleeding someone with leeches if they have anemia.  These simple truths are not taught in Community Organizing School.



The bailouts, stimulus efforts (TARP, TALF, PBGC, HAMP, HAFA, FDIC and alphabet soup)  were nothing other than a cocktail of Nitroglycerine, Digitalis, Epinephrine, Crystal Meth and LSD injected directly into the heart of the economy and then for good measure, The Federal Reserve applied apx. 3.4 trillion volts of electricity (dollars).  Is it any surprise that the economic body bounced off of the table?  Is it now healthy?







One very large cause of our high long term unemployment is that we have too many people educated, trained and experienced in the credit/consumption, spend ourselves rich Frankeneconomy?  It is time we refer to ourselves as producers/savers/ants and not consumers/locusts and repudiate the paradigm that we spend, they save; we borrow, they lend; we consume, they produce; we think, they sweat.







By Mark B. Rasmussen

Mark is a real estate appraiser/broker by profession

Copyright © 2010 Mark B. Rasmussen



Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.



© 2005-2010 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Thursday, September 9, 2010

Bush or Obama: What's your government spending IQ?









1) Bush or Obama? Which president spent a record-breaking $3 trillion in a single year?

Answer: Both. In 2008, Bush was the first president to spend $3 trillion in a single year. According to

White House estimates, Obama will spend $3.6 trillion in 2010 and $3.8 trillion in 2011.



2) Bush or Obama? Which president bailed out hundreds of large banks and corporations.

Answer: Both. Obama carried out Bush’s unpopular $700 billion bailout for failing corporations.

Together, the presidents have bailed out over 600 businesses since Spring 2008.





3) Bush or Obama? This president spent billions of taxpayer dollars on “stimulus” spending

during a recession.


Answer: Both. In 2008, Bush spent over $100 billion on rebates to stimulate consumer spending -

his second attempt at using spending as stimulus. In 2009, Obama enacted a $814 billion

stimulus package.



 4) Bush or Obama? Which President increased spending by many times the rate of inflation across most non-defense categories – such as education, Medicare, Medicaid, income security and

regional development.


Answer: Both. Contrary to popular belief, defense and homeland security spending only made up

about 40 percent of Bush’s new spending. He increased spending across most non-defense categories by four to six times the rate of inflation. In Obama’s first half year in office, many of these budgets rose another 70 percent.





5) Bush or Obama? This president passed an expensive healthcare bill.

Answer: Both. In 2003, George Bush signed into law Medicare Part D, which cost hundreds of billions of dollars. As you probably know, President Obama also enacted an expensive healthcare package earlier this year (though cost estimates vary considerably).

Wednesday, September 8, 2010

Koch vs Soros: The left's double standard

By: Timothy P. Carney

Senior Examiner Columnist

September 1, 2010





Billionaire financier George Soros speaksduring
a forum at Hong Kong University Wednesday,
Feb. 3, 2010, in Hong Kong. (AP File)



I was the main speaker of the night at a fancy dinner. The crowd included millionaire business owners and corporate executives. And the man who introduced me, and who had invited me to speak, was billionaire industrialist Charles Koch.


My topic was what it always is: the evils of corporate welfare and bailouts, and the destructive influence of the Big Business lobby in Washington. In my talk, I blasted "regulatory robber barons" and "subsidy sucklers."


But if you follow the Left's talking points, my talk was part of Koch's "pro-corporate movement."


I report this both as fair disclosure and to make a point: The Koch-created Institute for Humane Studies has, over the past two years, paid me on a few occasions to speak to various audiences (and also to mentor interns). The Koch-funded Heritage Foundation and Cato Institute have also hosted book talks for me.


My message in these Koch-sponsored speeches was the same: Big Business is using big government to steal from taxpayers, consumers and small-businessmen.
But liberal journalist Jane Mayer's 10,000-word piece on the "Kochtopus" (as the web of Koch-funded nonprofits is known) has set the tone for liberals going into the midterm elections. Brothers Charles and David Koch are Exhibit A for the Democrats' claim to be running against Big Business.


Mayer writes that the Kochs' free-market efforts fund a "pro-corporate movement" that "dovetail[s] with the brothers' corporate interest." The Kochs' policy efforts are just "a rationale for corporate self-interest," according to one academic she quotes.


New York Times columnist Frank Rich followed up, attacking the Kochs' "self-interested ... agendas" that "tilt completely toward big business." Tea Partiers are dupes "aiding and abetting [the Kochs'] selfish interests."


But only free-market money men get such scrutiny. Mayer cites the blogs ThinkProgress and ClimateProgress, the Web site Media Matters and the National Committee for Responsive Philanthropy without ever mentioning they are funded by billionaire financier George Soros.


Mayer did write a 2004 article on Soros, but she implies throughout that his political giving is motivated by a desire to make the world a better place rather than out of economic self-interest. Mayer uncritically quotes a Soros spokesman saying "none of his contributions are in the service of his own economic interests." She notes that the campaign-finance regulations Soros backed also empowered the 527 organizations he was funding, but she calls this "an unintended consequence" of "reform."


Rich buys the Soros line, writing: "like many liberals -- selflessly or foolishly, depending on your point of view -- [Soros] supports causes that are unrelated to his business interests and that, if anything, raise his taxes."


Soros invests in every industry and every country. Why should we believe, without evidence, he wouldn't profit from the regulations and subsidies his groups advocate?


On the flip side, it's untrue that more government would necessarily hurt Koch profits. Take oil refining, where Koch Industries is prominent. Tosco refiner Thomas O'Malley said in 2005 that regulations boost his profits: "Why in the world would you fight clean fuels? ... The more stringent you make specifications, those become barriers to entry. ... Strong companies would have an advantage."


Climate legislation is another example. The Kochtopus groups oppose restrictions on greenhouse regulations, which would add to Koch Industries' costs. But many energy giants see profit in such rules and are supporting them, including lobbying king General Electric, Duke Energy, Exelon and oil giant BP.


While Mayer allows that ideology, and not just profit, motivate the Kochs, what escapes folks like Rich is that many of us advocating a free market are trying to make the world a better place -- not just for business, but for the poor. The Kochs have a presentation they use to demonstrate the correlation between economic freedom and human flourishing. The poor in America are wealthier than the middle class in less-free countries. Libertarianism isn't necessarily selfish -- it's often philanthropic.


Koch Industries is no pure virgin when it comes to government: According to USASpending.gov, the company has pocketed more than $84 million in federal contracts.
But if the Kochs were really just greedy billionaires funding front groups to boost their profits, their nonprofits would probably support subsidies and protective regulations. And if the Kochs' movement really is "pro-corporate," somebody made a big mistake in picking me to speak.


Timothy P.Carney, The Examiner's senior political columnist, can be contacted at tcarney@washingtonexaminer.com. His column appears Monday and Thursday, and his stories and blog posts appear on ExaminerPolitics.com.


Read more at the Washington Examiner: 

Tuesday, September 7, 2010

Monica Crowley on why we're mad as hell ...

Transcript of Monica Crowley’s talking points memo (from the Factor) …



 Remember when Howard Beal, the fed-up character from the movie Network yelled this, “ I want you to get up right now, and go to the window, open it and stick your head out and yell, “I’m as mad as hell and I’m not going to take this anymore”?






 That’s how most Americans are feeling these days!



 Why are we mad as hell? Because since the Democrats took the White House and the congress,  each day we have awakened to some new horror.



 We’re mad as hell about a trillion dollars blown on stimulus that did nothing to stimulate the private economy.



 We’re mad as hell about a nearly 10% unemployment rate, almost a trillion and a half annual deficit and a 13 trillion dollar national debt.



 We’re mad as hell about the government take over and destruction of the best healthcare system in the world and it’s 500 billion dollar ten-year price tag.  We’re also mad about the slimy back door dealing and the party line shenanigans they used to ram it through.



 We’re outraged at the Holder justice departments law suit against one of our vary own states, Arizona, for trying to enforce illegal immigration laws.



 We’re furious about Hillary Clinton’s state department sending the ground zero mosque imam  on a tax payer financed junket to the middle east.



 We’re worried about a foreign policy that appeases our enemies, ‘dises’ our friends and is generally an incoherent and dangerous mess.



 We’re angry about monstrous, 2,000 page bills, that nobody has read before inflicting on us.



 We’re incredulous about the cap and trade energy bill which would amount to the largest tax increase in the history of the world.



 We’re ticked-off, that the President rails against special interests but buys off the biggest special interest of all, the unions, with tens of billions of tax payer dollars.



 We’re angry about far-left judges cavalierly dismissing the will of the people.



 We’re mad as hell about an arrogant leadership that refuses to listen to us even as it exponentially expands government in direct violation of what the founding fathers wanted for this country. We do not want American Exceptionalism being turned into ‘unacceptionalisim’.



 And we’re not going to take it anymore!


Today marks the official start of the fall election season. Rasmussen reports has Republicans leading Democrats in a generic ballot contest by a whopping 12 points. Gallup has the GOP lead at an historic 10 points.

Now things could change before November but I think that’s highly unlikely. I don’t know if Republicans will take either (or both) houses of congress but I do know that there will be a major correction.

Like Howard Beal, we’ve had enough. And eight weeks from today, our present leadership will hear our sound and our fury. And that’s the memo.