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Common Sense For Common People

Archive for February, 2009

Housing & Banking Crisis

February 25th, 2009 by Rich Szabo

The next time King Barry and his henchmen imply that the “Housing & Banking Crisis” are the legacy of the Bush administration just look at this NY Times article from 1999.

They think you are stupid and would never remember this stuff.

Just remember:

“A Government Big Enough to Give You Everything You Want, is Strong Enough to Take Everything You Have.”
- Thomas Jefferson

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Category: Economy | No Comments »

Arlen Spector’s Solution – Terminal Patients Should Die Faster

February 25th, 2009 by Rich Szabo

Arlen Spector on the floor of the United States Senate actually said dld people are not dying fast enough and that is why health care costs are so high.

When Arlen Spector was diagnosed with cancer I didn’t see him sitting back and letting the disease take it’s toll. No… he fought tooth and nail to beat it. So why the double standard?

Watching King Barry’s speech to the joint Houses last night I couldn’t help but to notice that the average age of the Congress is deceased. So why isn’t Arlen going after them?

I sent an email to his office basically telling him what I thought. I also added that because of his age I would be more than happy to oblige him and send him a box of razor blades and a box of plastic garbage bags to put over his head. That way he would be doing his part to keep the health care costs down.

Watch him on the floor of the Senate:

If you are outraged, use this CONTACT FORM on his website.

Or call one of his offices and let him know how you feel:

Washington Office (202) 224-4254.
Philadelphia (215) 597-7200
Pittsburgh (412) 644-3400
Harrisburg (717) 782-3951
Scranton (570) 346-2006
Allentown (610) 434-1444
Erie (814) 453-3010
Wilkes Barre (570) 826 6265

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Category: Health Care | No Comments »

Obama Speech Falls Flat

February 25th, 2009 by Rich Szabo

The speech last night to the joint houses of Congress seemed like more campaign trail talking points. King Barry said nothing new. His entire speech was a drastic change from his normal doom and gloom scare tactics since he was sworn into office. Last night it was more of a warm and fuzzy make you feel good about the country going into the crapper speech. He really needs to bone up on his American History. Between King Barry and “Joey Da Mouth” Biden they are the gaff twins.

OBAMA: “And I believe the nation that invented the automobile cannot walk away from it.”

THE FACTS: Depends what your definition of automobiles, is. According to the Library of Congress, the inventor of the first true automobile was probably Germany’s Karl Benz, who created the first auto powered by an internal combustion gasoline engine, in 1885 or 1886. In the U.S., Charles Duryea tested what library researchers called the first successful gas-powered car in 1893. Nobody disputes that Henry Ford created the first assembly line that made cars affordable.

He talked the talk but didn’t even come close to walking the walk. Watching his lemmings swoon made my stomach turn. Nancy Pelosi looked like a Jack-In-The Box the way she kept popping up after every sentence. The woman needs help.

Stocks fell on Wednesday as investors found anything new in a major speech by King Obama on how he planned to stabilize the economy.

Take a look at some of his assertions:

OBAMA: “We have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and refinance their mortgages. It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values.”

THE FACTS: If the administration has come up with a way to ensure money only goes to those who got in honest trouble, it hasn’t said so.

Defending the program Tuesday at a Senate hearing, Federal Reserve Chairman Ben Bernanke said it’s important to save those who made bad calls, for the greater good. He likened it to calling the fire department to put out a blaze caused by someone smoking in bed.

“I think the smart way to deal with a situation like that is to put out the fire, save him from his own consequences of his own action but then, going forward, enact penalties and set tougher rules about smoking in bed.”

Similarly, the head of the Federal Deposit Insurance Corp. suggested this month it’s not likely aid will be denied to all homeowners who overstated their income or assets to get a mortgage they couldn’t afford.

“I think it’s just simply impractical to try to do a forensic analysis of each and every one of these delinquent loans,” Sheila Bair told National Public Radio.

OBAMA: “We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before.”

THE FACTS: Oil imports peaked in 2005 at just over 5 billion barrels, and have been declining slightly since. The figure in 2007 was 4.9 billion barrels, or about 58 percent of total consumption. The nation is on pace this year to import 4.7 billion barrels, and government projections are for imports to hold steady or decrease a bit over the next two decades.

OBAMA: “We have already identified $2 trillion in savings over the next decade.”

THE FACTS: Although 10-year projections are common in government, they don’t mean much. And at times, they are a way for a president to pass on the most painful steps to his successor, by putting off big tax increases or spending cuts until someone else is in the White House.

Obama only has a real say on spending during the four years of his term. He may not be president after that and he certainly won’t be 10 years from now.

OBAMA: “Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn’t afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day.”

THE FACTS: This may be so, but it isn’t only Republicans who pushed for deregulation of the financial industries. The Clinton administration championed an easing of banking regulations, including legislation that ended the barrier between regular banks and Wall Street banks. That led to a deregulation that kept regular banks under tight federal regulation but extended lax regulation of Wall Street banks. Clinton Treasury Secretary Robert Rubin, later an economic adviser to candidate Obama, was in the forefront in pushing for this deregulation.

OBAMA: “In this budget, we will end education programs that don’t work and end direct payments to large agribusinesses that don’t need them. We’ll eliminate the no-bid contracts that have wasted billions in Iraq, and reform our defense budget so that we’re not paying for Cold War-era weapons systems we don’t use. We will root out the waste, fraud and abuse in our Medicare program that doesn’t make our seniors any healthier, and we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.”

THE FACTS: First, his budget does not accomplish any of that. It only proposes those steps. That’s all a president can do, because control over spending rests with Congress. Obama’s proposals here are a wish list and some items, including corporate tax increases and cuts in agricultural aid, will be a tough sale in Congress.

Second, waste, fraud and abuse are routinely targeted by presidents who later find that the savings realized seldom amount to significant sums. Programs that a president might consider wasteful have staunch defenders in Congress who have fought off similar efforts in the past.

OBAMA: “Thanks to our recovery plan, we will double this nation’s supply of renewable energy in the next three years.”

THE FACTS: While the president’s stimulus package includes billions in aid for renewable energy and conservation, his goal is unlikely to be achieved through the recovery plan alone.

In 2007, the U.S. produced 8.4 percent of its electricity from renewable sources, including hydroelectric dams, solar panels and windmills. Under the status quo, the Energy Department says, it will take more than two decades to boost that figure to 12.5 percent.

If Obama is to achieve his much more ambitious goal, Congress would need to mandate it. That is the thrust of an energy bill that is expected to be introduced in coming weeks.

OBAMA: “Over the next two years, this plan will save or create 3.5 million jobs.”

THE FACTS: This is a recurrent Obama formulation. But job creation projections are uncertain even in stable times, and some of the economists relied on by Obama in making his forecast acknowledge a great deal of uncertainty in their numbers.

The president’s own economists, in a report prepared last month, stated, “It should be understood that all of the estimates presented in this memo are subject to significant margins of error.”

Beyond that, it’s unlikely the nation will ever know how many jobs are saved as a result of the stimulus. While it’s clear when jobs are abolished, there’s no economic gauge that tracks job preservation. The estimates are based on economic assumptions of how many jobs would be lost without the stimulus.

Information gathered from the Associated Press

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Category: Economy | 1 Comment »


February 12th, 2009 by Rich Szabo

I’m sick of pressing #1 for English! I’m sick of bi-lingual signs, forms, instruction manuals…

You CAN make a difference.

Tell Congress to pass the English Language Unity Act (H.R. 997)
Representative Steve King (R-Iowa) has reintroduced his bill to make English the official language. H.R. 997, the English Language Unity Act.

This bill:

*Requires the federal government to communicate officially in English, including informational materials and forms.

*Creates a uniform standard for testing English proficiency in the naturalization process.

*Requires that naturalization ceremonies be conducted in English.

H.R. 997 also nullifies Executive Order 13166, the federal mandate that requires federal fund recipients including state and local governments, to provide translations and interpreters for non-English speaking residents.

The Office of Management and Budget estimates E.O. 13166 costs taxpayers as much as $1-2 billion annually.

Throughout our history, Americans have expected immigrants to assimilate. The key to assimilation is learning English.

The U.S. is one of few countries in the world without an official language. Thirty U.S. states already have made English their official language. Yet Congress still has not acted to make English the official language of the United States.

Please click TAKE ACTION!

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Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are

February 3rd, 2009 by Rich Szabo

This was just too good to pass up. If it weren’t true it would be funny.

Obama Win Causes Obsessive Supporters To Realize How Empty Their Lives Are

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