Jim Webb’s Unbelievable Hypocrisy

Exactly how stupid does Jim Webb think we Virginians are? Does he actually believe that we have not followed his voting record and the fact that he has been nothing but a lap dog of the Obama Democrats? Check out the chutzpuh he sent with his latest re-election email. It is an exceept from the RealClearPolitics website on Monday, November 8, 2010:

Jim Webb went to the White House last September. The Virginia senator was meeting with the president to discuss Guantanamo detainees. The conversation soon shifted to healthcare. “I told him this was going to be a disaster,” Webb recalls. “The president believed it was all going to work out.”

And Jim Webb must have believed it too, otherwise he would not have cast a “Yea” vote for cloiture and for passage of the bill. And now, Webb is saying it was a bad thing? Six months too late, Jimmy boy!

And check this out:

“I’ve been warning them,” Webb says, sighing, resting his chin on his hand. “I’ve been having discussions with our leadership ever since I’ve been up here. I decided to run as a Democrat because I happen to strongly believe in Jacksonian democracy. There needs to be one party that very clearly represents the interests of working people … I’m very concerned about the transactional nature of the Democratic Party. Its evolved too strongly into interest groups rather than representing working people, including small business people.”

Uh-huh. This is why Jimmy voted for the bailouts and the failed stimulus package that served to do nothing except reward unions and government workers who voted Democrats into office.

Webb’s comments and his emails are nothing less than insulting. I know what he has been doing over the past four years and it does not at all reflect his comments of late.

I’ll say it point blank: Jim Webb is a liar. He is lying about his record because he knews that in two years, the Commonwealth of Virginia is going to work very hard to toss him back out and put in a new Senator who will actually respresent Virginia rather than be a rubber stamp for a political party. He was very happy to vote the way the Democrats told him to vote (even when it went against the wishes of Vorginia) and now he sees how wrong he was to do so. But instead of admitting his own culpability, he is making an early effort to distance himself from it by telling outright lies to people.

Supporters of Webb and his staff are especially welcome to respond to this post. I’ll be very happy to compare the liar Webb’s current statements with his voting record. He can lie all he wants, but his record will always tell the truth about what he really believes.

Congress Voting To Defund ACORN

Man! When Glenn Beck and a team of two undercover journalists prove to be more effective than all of the big Media outlets combined, you know that the story had to be a big one!

Here are two more stories concerning ACORN (Association of Community Organizations for Reform Now) that isn’t getting much notice from NBC, ABC, CBS or CNN.

Senate Votes To Deny Funds To ACORN
Andrew Taylor
Associated Press via Breitbart
September 14, 2009

That motion, the Johanns Amendment to HR2355, passed 83-7 with the 7 “nay” votes all coming from Dems.

House GOP To Call For Total Cutoff Of Federal Funds To ACORN
Byron York
Washington Examiner
September 15, 2009

Two things to note here. One: Congress thinks that this is a big enough story to vote on removing funding to ACORN. Two: It is the GOP calling for a House vote to defund ACORN, not the Dems.

(BTW, I’ll bet that the incompetent Charlie Gibson didn’t know about these stories either!)

Whatever happened to Nancy Pelosi’s promise to get rid of the Culture of Corruption in Washington? From what I saw in those videos, ACORN is certainly a good place to begin the cleaning process!

But defunding a vile and corrupt organization isn’t enough. There needs to be a thorough investigation of ACORN and any other organization that worked with ACORN so that we can see exactly how far the corruption extends.

The Senate Version Of The Socialized Medicine Bill Exempts Congress From Socialized Health Care

You can look at it on-line here:

Affordable Health Choices Act

Strange name since it limits choice rather than expands it.

I haven’t had a chance to go through it yet, but something worth noting here in Section 3116 on Page 111. Subsection (a)(5) defines an “Eligible Individual.” It says the following:


(A) IN GENERAL.—The term ‘qualified individual’ means an individual who is—

(v) not eligible for coverage under—

(III) the Federal employees health benefits program under chapter 89 of title 5, United States Code.

Similar language exists on Page 116 under the “Qualifying Coverage” subsection.

What is the upshot of all this? It means that Congress will be exempt from the provisions of this bill. Instead of Congress holding itself to the same standards that they will be voting for other Americans, Congress and Federal Employees will get to keep the sweetheart deals offered under the Federal Employee Health Benefits (FEHB) Program.

Sure wish we regular Joe and Jane Average Americans could get onto that one.

If this socialized medicine plan is so great, why doesn’t Congress jump onto it? Why do they feel the need to exempt themselves from it?

Democrat Senators: Cap And Trade Should Be Delayed Until Next Year

I wholeheartedly agree. Let’s postpone debate on Cap-And-Tax until the 2010 election year. It will be one of the next big fights after we’ve defeated Obamacare.

From Daniel Whitten and Simon Lomax of Bloomberg:

The U.S. Senate should abandon efforts to pass legislation curbing greenhouse-gas emissions this year and concentrate on a narrower bill to require use of renewable energy, four Democratic lawmakers say.

“The problem of doing both of them together is that it becomes too big of a lift,” Senator Blanche Lincoln of Arkansas said in an interview last week. “I see the cap-and-trade being a real problem.”

Lincoln isn’t the only one. Anyone who has read the Cap-And-Tax bill knows that it will cause energy prices to “skyrocket” which is exactly what Obama said he wanted to see happen.


Ben Nelson of Nebraska and North Dakota Senators Kent Conrad and Byron Dorgan joined Lincoln in suggesting that the climate measure be put off.

“We should separate the energy bill from the climate bill,” Conrad told reporters this month. ‘It needs to be done as soon as we can get it done,” he said, referring to the energy legislation.

Climate legislation would require 60 votes in the Senate. Most Republicans have said they oppose the cap-and-trade measure, and at least 15 of the Senate’s 60-member Democratic majority have said the House-passed version would hurt the economy and needs to be revamped to win their support.

You have to wonder if all the pressure we are putting on Congress over socialized medicine is starting to force some sanity on these people.

You can access the complete article on-line here:

Climate Change Measure Should Be Set Aside, U.S. Senators Say
Daniel Whitten and Simon Lomax
August 14, 2009

With Specter Defection, Dems Will Only Have Themselves To Blame For Any Negative Impacts Of Their Socialist Agenda

Arlen Specter left the GOP for the socialist Dems yesterday. I say, “Don’t let the door hit you on the way out.” Specter has kicked the GOP in the teeth too many times for this to be anything other than a good happening.

But, let’s look at a few things Specter needs to iron out. Donors gave him $5.8 million to represent them as a Republican. If Specter really did leave on “principles,” then he should be principled enough to make sure that every last cent of those donations is returned to those whom he stabbed in the back.

We also need to look at why he did what he did. Far from being an attack of principles, it was a move of political self-preservation.

RNC Chairman Michael Steele had this to say:

“Let’s be honest-Senator Specter didn’t leave the GOP based on principles of any kind. He left to further his personal political interests because he knew that he was going to lose a Republican primary due to his left-wing voting record.

“Republicans look forward to beating Sen. Specter in 2010, assuming the Democrats don’t do it first.”

Specter is so far behind his GOP opponent in Pennsylvania that there was almost no way he was going to win the GOP primary. That was the motivation for the switch. He felt he could win the Dem primary rather than go through the fight of the GOP primary. His defection had nothing to do with principle. He sacrificed principle in the interest of self-promotion.

Specter is going to have a lot of explaining to do if he reverses position on things like card-check which he claims he opposes. If he suddenly comes out in favor of it, there should be a complete investigation into exactly what he was promised by Obama, Biden and others in the Dem leadership for his act of betrayal.

But the main thing this means now is that the Dems will no longer have anyone else to blame when their policies drive our economy to ruin and America’s security becomes non-existant. The only question that remians now is whether or not the Dems will have the integrity to admit when their policies fail that they were wrong.

Debbie Stabenow Wants ‘Hearings’ For Fairness Doctrine Censorship

Check out this exchange between Debbie Stabenow (D-MI) and radio host Bill Press:

BILL PRESS: Yeah, I mean, look: They have a right to say that. They’ve got a right to express that. But, they should not be the only voices heard. So, is it time to bring back the Fairness Doctrine?

SENATOR DEBBIE STABENOW (D-MI): I think it’s absolutely time to pass a standard. Now, whether it’s called the Fairness Standard, whether it’s called something else — I absolutely think it’s time to be bringing accountability to the airwaves. I mean, our new president has talked rightly about accountability and transparency. You know, that we all have to step up and be responsible. And, I think in this case, there needs to be some accountability and standards put in place.

BILL PRESS: Can we count on you to push for some hearings in the United States Senate this year, to bring these owners in and hold them accountable?

SENATOR DEBBIE STABENOW (D-MI): I have already had some discussions with colleagues and, you know, I feel like that’s gonna happen. Yep.

First, it is a well-known fact that attempts to bring back censorship under the guise of a “Fairness Doctrine” are nothing more than attempts to squelch the opposition’s point of view.

But even more interesting is that Stabenow want hearings on the issue.

I say: “Bring it on!”

I’ll bet that Sean Hannity, Rush Limbaugh, Laura Ingraham, Monica Crowley and Mark Levin will have a five-way fist fight to see who will be the first to march into those hearings and rake those Senators over the coals.

The conservative talk radio hosts who do show up and testify will expose every hypocrisy and every double-standard people like Stabenow hold. For example, why does Stabenow want “fairness” brought to talk radio but is perfectly willing to allow programs like Today Show, Good Morning America, Larry King and newspapers like The Washington Post and New York Times, to continue to be biased towards the leftist-liberals?

That is exactly the type of hypocrisy that would be highlighted during these hearings.

Further, talk radio hosts will bring to the fore-front many stories that television and print media largely ignored. For example, why did the media give Obama a pass for his relationship with the racist Reverend Jeremiah Wright but came down so hard on Sarah Palin for her main-stream religious views? Why was Obama not fully vetted by the media while an Army of reporters stormed Alaska looking for any dirt they could find?

These and other issues will come to light if Stabenow really does hold these hearings.

I say: “Let’s do it! Let’s start peeling back the onion!”

It would be one of the best things to happen in America in a long time.

You can access the transcripts and a video on-line here:

Sen. Stabenow Wants Hearings On Radio ‘Accountability’; Talks Fairness Doctrine
Michael Calderone
The Politico
February 5, 2009

Democrats Force Higher Energy Costs On America: Ban Exploration Of Oil Rich Lands

Get ready for higher energy costs courtesy of the Democrat-controlled Congress. The Senate voted 66-12 to ensure that we Americans remain dependent on foreign oil to satisfy the needs of our economy. What is even worse is that now, we will be at the mercy of OPEC more than ever before in our history.

For those of you from Virginia, you’ll note that the very first legislative action of Senator Mark Warner was to ensure that we Virginians are paying higher prices for our energy needs. You’ll also noted that Jim Webb voted that way as well.

Writing for Town Hall, Amanda Carpenter has this to say:

The 1200-page, pork-laden, $10 billion proposal locks up millions of acres of energy-rich property by designating it as environmentalist-friendly “federal wilderness” area where not even as much as a bicycle would be permitted to travel across the land. Many of these areas recently became available when the ban on domestic drilling in Western states expired last fall and the liberal left couldn’t muster the courage to keep it in place due to rising energy prices. Now Democratic leaders are using different legislative strategies to put a new kind of ban in place.

The Dems have deluded themsleves into believing that some form of alternative energy is going to come to our rescue within the next four years. Don’t hold your breath over it. Oil is still the most economical energy source we have and no matter how much money we put into solar or wind or pixie dust, alternative energy sources will not be able to make up for the amount of energy we will be losing because of this land grab.


For example, one piece of the bill that has drawn the ire of the Wall Street Journal is a provision sponsored by Rep. Barney Frank (D.-Mass.). He’d like to make a robust, container shipping port located in his district’s Taunton River into a scenic tourist destination. This would have the liberally convenient side effect of killing a proposal to create a terminal to import liquefied natural gas.

Again, this will have the effect of forcing energy prices higher. But will Barney Frank, Jim Webb and Mark Warner care? No! They have all the perks they need as members of Congress and no reason to care about the needs of Joe and Jane Average American.

And no bill shoved through Congress using the new Democrat rules that bar Republicans from offering alternative legislation or bringing in testimony from opposing viewpoints would be complete without loads of pork.

Read on:

Then, as to be expected in an omnibus bill, there’s the pork. California Sen. Dianne Feinstein (D.) is requesting $461 million to legally settle a dispute over the San Joaquin River with the environmentalist group Natural Resources Defense Council. The money would be used for a water project that has the “minimum goal” of restoring 500 salmon to the river. (That’s nearly $1 million per fish!) Montana Sen. Jon Tester (D.) wants $5 million to fund a “Wolf Compensation and Prevention Program” to assist property owners use “non-lethal” measures to prohibit wolves from killing their livestock.

Didn’t Nancy Pelosi and Harry Reid promise fiscal responsibility when they took over in 2006? Weren’t they complaining that the Republicans were waiting resources and pushing energy prices higher?

The Dems lied to us back in 2006 and again in 2008. We are in for some very long years ahead, possibly even a new Great Depression and the Democrats will only have themselves to blame for it.

You can access the complete article on-line here:

Harry Reid’s Land Grab
Amanda Carpenter
January 10, 2009

To see how they voted, click here:

How They Voted On S. 22
United States Senate
January 11, 2008

Great News! Automaker Bailout Dies In The Senate!

This is good news for America. The proposed bailout for the Big Three in Detroit has died and for very good reasons. The remaining GOP Senators demanded that the United Auto Workers scale back their demands to be more on par with the compensation given to auto workers employed by Toyota and Honda.

That was a more than reasonable request given the current economic conditions, but the UAW wouldn’t budge and the Dems couldn’t do anything about it.

Associated Press has this to say via MSNBC:

Republicans, breaking sharply with President George W. Bush as his term draws to a close, refused to back federal aid for Detroit’s beleaguered Big Three without a guarantee that the United Auto Workers would agree by the end of next year to wage cuts to bring their pay into line with U.S. plants of Japanese carmakers. The UAW refused to do so before its current contract with the automakers expires in 2011.

Why is such a request meaningful? Because of this:

Congressional Republicans have been in open revolt against Bush over the auto bailout. Senate Minority Leader Mitch McConnell of Kentucky joined other GOP lawmakers Thursday in announcing his opposition to the White House-backed bill, which passed the House on Wednesday. He and other Republicans insisted that the carmakers restructure their debt and bring wages and benefits in line with those paid by Toyota, Honda and Nissan in the United States.

Hourly wages for UAW workers at GM factories are about equal to those paid by Toyota Motor Corp. at its older U.S. factories, according to the companies. GM says the average UAW laborer makes $29.78 per hour, while Toyota says it pays about $30 per hour. But the unionized factories have far higher benefit costs.

GM says its total hourly labor costs are now $69, including wages, pensions and health care for active workers, plus the pension and health care costs of more than 432,000 retirees and spouses. Toyota says its total costs are around $48. The Japanese automaker has far fewer retirees and its pension and health care benefits are not as rich as those paid to UAW workers.

If the Japanese carmakers can produce cars for only three-quarters of the cost that American carmakers incur, then there is absolutely no reason why American carmakers can’t bring themselves in line with the lower costs.

But the unions are against this, mostly because it reduces their power and because the union bosses will no longer have any justification for their own high salaries nor for the massive donations they routinely make to the Democrat Party.

The GOP was absolutely right to make sure this deal is killed. It will be a day of reckoning for the UAW and for the Dems who have failed to pay them back for their support. Plus, it aims the spotlight exactly where it needs to be pointing.

You can access the complete article on-line here:

Auto Industry Bailout Plan Dies In The Senate
Associated Press via MSNBC
December 12, 2008

Dems Still Trying To Steal Senate Seat In Minnesota

Didn’t I say it would end up just like Washington State in 2004? That is how predictable leftists are. They will always go back to the same, shady, underhanded strategies that their party masters indoctrinated them with.

What happened in Washington State is now happening in Minnesota.

From The Hill:

Democrat Al Franken’s (Minn.) campaign filed a brief with Minnesota’s Board of Canvassers Monday seeking to have the organization in charge of certifying the election include some disqualified provisional and absentee ballots in the vote totals.

“There are, of course, legitimate reasons to reject absentee ballots,” said Franken spokesman Andy Barr in a conference call with reporters. “But it is clear that there are some absentee ballots that have been rejected in error. Those votes should be counted.”

The Franken campaign said they expected their campaign and the Coleman campaign to have an opportunity to present arguments before the board at 1 p.m. tomorrow, but opened the door to a federal challenge to the election results should the board decide against them.

Barr refused to give an exact estimate of how many previously excluded ballots may be added to the tally, but said he believed it to be in the “hundreds.”

Isn’t it amazing how they keep “finding” votes for Al Franken? I wonder how many of those ballots were from people registered by ACORN?

It’s Washington State all over again. I’ll bet they’ll soon start wanting to count votes from dead.

Franken Wants Disqualified Ballots To Count
The Hill
November 17, 2008

Keating Five Investigator Robert S. Bennett On John McCain’s Involvement

Seems to be alot of misinformation being spread around by the Dems concerning John McCain’s involvement with the Keating Five. Well, the best place to look for the truth of the matter would be from the man who actually conducted the investigation and submitted his report to the Senate Committee.

That would be Robert S. Bennett, a Democrat who wrote about his experiences in a book entitled In The Ring: The Trials Of A Washington Lawyer which was published by Random House in 2008. Here is the relevent excerpt from pages 133-134:

“At the completion of my investigation, I filed my report with the committee. I recommended that no further action be taken against Senators McCain and Glenn principally because once they learned that there was a criminal referral, they stopped aggressively doing Keating’s bidding with the regulators.”

“After reviewing my report, the committee voted on October 23, 1990, to hold a public adjudicatory fact-finding hearing in the matter as to all five senators. This was perhaps the first time the recommendation of a special counsel not to charge a senator was rejected. This was pure politics as the Democrats on the committee did not want to cut McCain loose so that only Democrats would remain in the proceedings. If Senator McCain was not going to be cut loose, in retaliation the Republicans were going to keep Senator Glenn in the proceedings. McCain was the victim of politics, and poor Glenn was held captive to the decision on McCain. So much for nonpartisanship.”

“Although the public airing of the factual details helped confirm why Senators McCain and Glenn should be exonerated of ethics charges, it hurt DeConcini, Cranston, and Riegle.”

So, for those of you clinging onto the lie that Sen. McCain was never exonerated for his involvement, the truth is that Bennett himself, the man who investigated the whole thing, said: “Senators McCain and Glenn should be exonerated of ethics charges.”

Also note that two of those former Senators, Riegle and DeConcini, have now endorsed Obama.

You can access the complete on-line entry here:

Democratic Counsel Robert Bennett On John McCain And Keating Five: ‘Pure Politics’
Standard NewsWire
October 6, 2008

Congress Passes Legislation That Hands American Taxpayers The Largest Bill In History

All the scaremongers said that it was necessary to avert a credit crisis.

Credit crisis?

Where? I was still getting credit card offers through the mail. A 20-year-old friend of mine just got approved for a car loan. Student loans are still being approved. Small businesses are still able to get loans. Exactly where is the “credit crisis?”

Only on Wall Street. And Congress has now authorized the President to screw the American Taxpayer with over $805 billion in responsibilities. Maybe our children will be able to pay this off, but those of us living on Main Street just got served notice that the Federal Government cares more about the people who make big campaign donations than they do about the American people.

From the Associated Press:

The final vote, 263-171 in the House, a comfortable margin that was 58 more votes than it garnered on Monday. The vote capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act.

Bush was poised to make a statement on the historic vote.

“We all know that we are in the midst of a financial crisis,” House Republican Leader John Boehner of Ohio, said shortly before casting his vote for government intervention in private capital markets that was unthinkable only a month ago.

“And we know that if we do nothing, this crisis is likely to worsen and to put us into an economic slump like most of us have never seen.”

And this bailout is going to put us in a situation like none of us have ever seen!

Here is what I see:

– Wall Street Big Wigs and the Congressional recipients of their donations are stuffing my tax dollars into their pockets.
– Numerous recipients of earmarks and pork stuffing my tax dollars in their pockets.
– My gasoline prices going up because some idiot inserted a carbon tax into the bill my and stupid fool Senators (Webb and Warner) and Representative (Wolf) completely missed it!

Here is what I don’t see:

– Accountability from those who caused this mess.
– I don’t see Chris Dodd (D-CT) or Barney Frank (D-MA) being hauled before a Congressional committee to give account of how they blocked Republicans from enacting the reform that could averted this whole mess and saved us $805 billion dollars.
– I don’t see Franklin Raines being hauled before a Congressional committee to explain how he made $90 million while Fannie was losing money.
– I don’t see that the progenitor of this whole thing, the 1977 Community Reinvestment Act, has been repealed which means that banks and lending institutions are still being forced to make bad loans.

Let’s see who the big winners really were:

Sec. 101. Extension of alternative minimum tax relief for nonrefundable personal credits.
Sec. 102. Extension of increased alternative minimum tax exemption amount.
Sec. 103. Increase of AMT refundable credit amount for individuals with longterm unused credits for prior year minimum tax liability, etc.
Sec. 201. Deduction for State and local sales taxes.
Sec. 202. Deduction of qualified tuition and related expenses.
Sec. 203. Deduction for certain expenses of elementary and secondary school teachers.
Sec. 204. Additional standard deduction for real property taxes for nonitemizers.
Sec. 205. Tax-free distributions from individual retirement plans for charitable purposes.
Sec. 206. Treatment of certain dividends of regulated investment companies.
Sec. 207. Stock in RIC for purposes of determining estates of nonresidents not citizens.
Sec. 208. Qualified investment entities.
Sec. 301. Extension and modification of research credit.
Sec. 302. New markets tax credit.
Sec. 303. Subpart F exception for active financing income.
Sec. 304. Extension of look-thru rule for related controlled foreign corporations.
Sec. 305. Extension of 15-year straight-line cost recovery for qualified leasehold improvements and qualified restaurant improvements; 15-year straight-line cost recovery for certain improvements to retail space.
Sec. 306. Modification of tax treatment of certain payments to controlling exempt organizations.
Sec. 307. Basis adjustment to stock of S corporations making charitable contributions of property.
Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 309. Extension of economic development credit for American Samoa.
Sec. 310. Extension of mine rescue team training credit.
Sec. 311. Extension of election to expense advanced mine safety equipment.
Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
Sec. 313. Qualified zone academy bonds.
Sec. 314. Indian employment credit.
Sec. 315. Accelerated depreciation for business property on Indian reservations.
Sec. 316. Railroad track maintenance. Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
Sec. 318. Expensing of environmental remediation costs.
Sec. 319. Extension of work opportunity tax credit for Hurricane Katrina employees.
Sec. 320. Extension of increased rehabilitation credit for structures in the Gulf Opportunity Zone.
Sec. 321. Enhanced deduction for qualified computer contributions.
Sec. 322. Tax incentives for investment in the District of Columbia.
Sec. 323. Enhanced charitable deductions for contributions of food inventory.
Sec. 324. Extension of enhanced charitable deduction for contributions of book inventory.
Sec. 325. Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.
Sec. 401. Permanent authority for undercover operations. v Sec. 402. Permanent authority for disclosure of information relating to terrorist activities.
Sec. 501. $8,500 income threshold used to calculate refundable portion of child tax credit.
Sec. 502. Provisions related to film and television productions.
Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.
Sec. 504. Income averaging for amounts received in connection with the Exxon Valdez litigation.
Sec. 505. Certain farming business machinery and equipment treated as 5-year property.
Sec. 506. Modification of penalty on understatement of taxpayer’s liability by tax return preparer.
Sec. 512. Mental health parity.
Sec. 601. Secure rural schools and community self-determination program.
Sec. 602. Transfer to abandoned mine reclamation fund.
Sec. 702. Temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados, and flooding.
Sec. 703. Reporting requirements relating to disaster relief contributions.
Sec. 704. Temporary tax-exempt bond financing and low-income housing tax relief for areas damaged by Hurricane Ike.
Sec. 706. Losses attributable to federally declared disasters.
Sec. 707. Expensing of Qualified Disaster Expenses.
Sec. 708. Net operating losses attributable to federally declared disasters.
Sec. 709. Waiver of certain mortgage revenue bond requirements following federally declared disasters.
Sec. 710. Special depreciation allowance for qualified disaster property.
Sec. 711. Increased expensing for qualified disaster assistance property.
Sec. 712. Coordination with Heartland disaster relief.
Sec. 801. Nonqualified deferred compensation from certain tax indifferent parties.

And don’t forget Sec. 117. The carbon tax. Now the Feds can royally screw our economy just like the governments in Europe are screwing theirs!

At least I can say one thing that is a bit of a relief. This bailout is going to ultimately fail and the economy is going to crash (we cannot keep the markets artificially inflated like this) and it looks like Barack Obama is going to win this election. The crash will happen on his watch and he will have no one to blame except himself and the Democrat-controlled Congress.

You can access the complete article on-line here:

Congress OKs Historic Bailout Bill
Julie Hirschfeld and David Espo
Associated Press via Breitbart
October 3, 2008

An Interesting Thought About The Wall Street Bailout Bill: Do Any In Congress Have A Financial Interest?

I’m sure there are websites out there that have this information. Somewhere, there has to be records of whether or not Representatives or Senators own stock or otherwise have any kind of financial interest in the Wall Street institutions that are being bailed out under this bill.

I would be very interested in seeing those records and comparing them to the voting record of the entire Congress, particularly for those who vote “Yes.”

If any member of Congress did have any financial interest in any institution that is about to recieve Federal monies, that would be a major conflict-of-interest and said member of Congress should have recused him/herself from voting.

If there are such connections, I wonder if the entire bill can be invalidated or declared unconstitutional?

It would certainly be an interesting exercise to see who has investments in these places.

Senate To Vote On New Wall Street Bailout Bill, Link To Text In This Post. We Need To Stop This Thing!

First of all, let’s get something straight. This is a bailout of Wall Street to be paid for by Main Street. Barack Obama has already gone on record with his ridiculous remark that tax cuts are the reason for this whole mess. Tax cuts had nothing to do with this. This whole thing was the creation of some liberal Democrats who forced banks and lenders into making high risk loans and now those risks are threatening the liquidity of the banks.

Read this excerpt from Michael Flynn over at Reason:

Let’s be clear: This is a Wall Street crisis, not a national economic crisis. The overall economy, while a bit weak, is still growing. Some politicians are comparing the current environment to the Great Depression. But in 1932, when the federal government last moved to bail out the banking sector, economic output had fallen 45 percent and unemployment was a staggering 24 percent. Today, economic output is actually up and unemployment is a historically modest 6.1 percent.

The overall economy doesn’t even face a liquidity crisis in the current turmoil. Consumer, commercial/industrial, and real estate loans are all up over last year. Main Street is doing fine. The liquidity crisis is confined to Wall Street, between and among investment banks, insurance and securities firms, and hedge funds. There is the possibility that the contagion could spread, but in a global capital market, this is hardly certain.

It is the intersection of several underlying trends that have brought us to this point, not a breakdown in any specific part of the financial sector. The fundamental flaw with the bailout approach is that it ignores these trends and simply seeks to shore up the finances of certain Wall Street institutions.

The Roots Of The Crisis
Michael Flynn
October 1, 2008

And yet, Barack Obama, the man is is supposedly so intelligent about things, blames it all on tax cuts.

Let’s look at what is being proposed as a solution to this Wall Street problem. The Senate Conservative Fund website has posted the current bill that the Senate will be voting on this evening for all to see. It went from 3 pages to 451 pages, just like that!

Ed Morrisey over at Hot Air gives us a small look at some of the earmarks he found in this legislation:

New earmarks in Bailout bill

– Film and Television Productions (Sec. 502)
– Wooden Arrows designed for use by children (Sec. 503)
– 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)

“Extenders” in the bailout bill.

– Virgin Island and Puerto Rican Rum (Section 308)
– American Samoa (Sec. 309)
– Mine Rescue Teams (Sec. 310)
– Mine Safety Equipment (Sec. 311)
– Domestic Production Activities in Puerto Rico (Sec. 312)
– Indian Tribes (Sec. 314, 315)
– Railroads (Sec. 316)
– Auto Racing Tracks (317)
– District of Columbia (Sec. 322)
– Wool Research (Sec. 325)

Let’s see, Main Street is going to bail out Wall Street for some Puerto Rican Rum and maybe some NASCAR tracks? How about that “Wool Research?” God knows we can never have too much of that now, can we? And what about those “Wooden Arrows designed for use by children?” Maybe we can line the Wall Street CEOs up against the wall and shoot them with the arrows!

I don’t care what crap they added to this bill. It could be 3000 pages or its original 3 pages, it doesn’t matter. It is a socialist bailout of banks and institutions that should be allowed to go under so that new, more principled business interests can step up and take over.

We need to stop this thing again, just like we did last Monday, especially the current version going before the Senate.

Contact your Senators at the following link:

Congressional Email Directory

In the left-hand column, find your State and click on it. It will take you to a page with links to the home pages of your entire Congressional Delegation including your Senators. Call them. Send them emails. Tell them to vote “No” on this taxpayer money squandering bailout.

You can access the Hot Air posting on-line here:

Senate Bailout Bill Hits The Internet
Ed Morrisey
Hot Air
October 1, 2008

Harry Reid’s Arrogant Hypocrisy

No campaigning today due to the 9/11 Remembrance.

But I do want to share something with you that Old Media and the leftist blogs and websites probably only half-reported.

According to The Hill:

Senate Majority Leader Harry Reid (D-Nev.) on Tuesday questioned Sen. John McCain (R-Ariz.) for not scheduling time away from his presidential campaign to participate in Senate votes.

With 56 days left until Election Day, Reid used an afternoon press conference to note that McCain, the Republican presidential candidate, is not planning to attend the Senate’s debate this week on the Department of Defense policy bill.

Reid did not raise the likely absence of Sen. Barack Obama (Ill.), the Democratic presidential candidate, or Sen. Joe Biden (D-Del.), Obama’s running mate, from votes.

Imagine that. Harry Reid forgot to mention that two Senators from his own party are missing votes just like the singleton John McCain.

You can access the complete column (and hypocrisy of Harry Reid) on-line here:

Reid Calls McCain Out For Skipping Votes (But Neglects To Mention Two Absent Democrats: Obama And Biden)
J. Taylor Rushing
The Hill
September 9, 2008