The Democrat controlled Senate is working on a Bill that would give President Obama the authority to shut down the Internet. This is the so-called Cybersecurity Act of 2009, S.773 was introduced by Senators Rockefeller, Bayh, Nelson, and Snowe.
The Bill would also give the government access to the digital records from many industries including telecommunications, banking and energy. All would be under the authority of a cybersecurity czar.
Clamp down on the free speech on the Internet in the event of a need to “protect national security” and there goes the ability to dissent.
“There’s a lot of — I don’t know what the term is in Austrian — wheeling and dealing, and people are pursuing their interests, and everybody has their own particular issues and their own particular politics.” – Barack Obama, April 5, 2009
In Austria, the official and most used language is German. Imagine if President Bush had said that.
Is this America — when you do what your government asks you to do and then retroactively you also have additional conditions? If we were not forced to take the TARP money, we would have been able to raise private capital at that time [and not need to cut the dividend.] It is absolutely asinine that somebody would announce we’re going to do stress tests for banks and we’ll give you the answer in 12 weeks.
— Wells Fargo Chairman Richard Kovacevich, March 16, 2009
Welcome to the new America where the Constitution is ignored. Which of the first Ten Amendments hasn’t been gutted or ignored? Only the 3rd. Talk about a disgrace.
Come with us, align yourself, come with us on the road to socialism. This is the only path. Imagine a socialist revolution in the United States,” Hugo Chavez, dictator of Venezula. March 6, 2009
Since the White House seems to be in need of economic advice, here are a few suggestions that would help to turn things around quickly. Items #1 and #2 would not cost anything.
1. Eliminate Mark to Market – for people holding until the asset matures, mark to market is crazy.
2. Reinstate the uptick rule in order to restore some balance to the market.
3. Instead of spending more than $1.2 trillion on questionable projects, much of which won’t be spent for years, stop collecting income taxes for 2009. Federal Revenue in 2007 was approximately $2.5 trillion with individual income taxes making up a bit over 40% of that. So, drop the stimulus and put the money right back in everyone’s pocket this week. Save $200 billion, and let the citizens of the company keep their own money.
4. Talk about some of the positives: lower fuel costs, productivity and the like.
The American Diabetes Association called me today, “not to ask for money.” In the course of the conversation, the lady from the American Diabetes Association said that Obama’s tax increase is “only going to be about 5%. It’s not that much.”
My mother died of pancreatic cancer and I generally do support charities that deal with diseases of the pancreas (including being on the founding board of PanCan), but since the American Diabetes Association thinks that it is “not that much” they’ll be the ones who realize that the “not that much” comes out of their budget. But since it is “not that much” the American Diabetes Association won’t miss it.
When a charity calls today, this is what I am going to say when they ask for money:
Oh, didn’t you know that we have a new President in Washington? I suggest that now that he has declared that he is the best person to decide who “needs” the money more that you and I call the White House and see if you can beg from them. His tax increases are taking my charitable donations. The choice is simple: vote freedom or statism/socialism.
Now, I’ll still be donating, but it will be to charities that (a) support freedom, and (b) don’t sit at the trough of the federal government claiming handouts from the rest of us at the point of a gun.
While obvious for some time, the Politico (Politico) today confirms that President Obama is targeting Rush Limbaugh.
What Obama fails to realize is that this means that Rush begins to set the agenda for the Democrats and in that case they are going to have a tough time of it. Rush has three hours per day on the air to respond so anyone willing to listen to him will hear the truth instead of the Obama and mainstream media’s spin. While good for Rush, letting him set the agenda will be bad for the President.
It should also be noted that:
Enemies lists are not acceptable. President Nixon would be proud.
It is now acceptable for the President to target private citizens (well, it was before just ask “Joe the Plumber”). Imagine if it were you next and had no way to respond.
It is acceptable for the President of the United States to take what a private citizen says out of context and publicize it. Amazing and scary.
