Sarah Palin Steps Out for an NBA Game, Dons Chick-Fil-A T-Shirt
Category: Free Market
Comcast Cable Bans All Firearm, Ammunition Advertisers
Comcast Cable, “the nation’s largest cable provider,” has decided it will not accept firearm and ammunition advertisers in the future.
This decision comes after Comcast has been running ads for some gun and hunting groups for decades. Comcast chose this new position after purchasing NBCUniversal, which has a long-standing ban against firearm, ammunition and firework advertisements.
This move brings Comcast in line with its competitors, Time Warner Cable and Cox Communications.
Cox already had a ban similar to the one Comcast has now instituted and Time Warner Cable announced in January that it was banning “ads showing semi-automatic weapons and guns pointed at people.”
Gun control advocates praise Comcast’s “brave move,” while gun store owners say their profession has been unjustly singled out by Comcast.
Obama’s Gloomy America: People Fearful of 2013
The holidays are traditionally a time where we renew our optimism about the future. Gatherings with friends and family, festive meals and sparkling decorations are all powerful elixirs to the wear-and-tear of daily life. A new ABC/WaPo poll, however, shows that this year the holiday spirit is powerless to boost the public’s mood. Almost half of Americans, in fact, are fearful about their own lives in the new year.
44% of Americans report they are fearful about what the new year holds in store for their lives. Its the highest recording ever in the poll. At the start of the decade, just 16% of Americans were fearful about the coming year, while 80% were hopeful. This year just 53%, barely a majority, are hopeful about their personal lives in the new year.
No doubt much of this pessimism in attributable to the weak economy. More than 3 out of 4 Americans, 76%, believe the economy is still in recession. Even among those who believe the economy, as it relates to their personal finances, is recovering, three-quarters say the recovery has been weak.
And, fears over the “fiscal cliff” are also weighing on the public’s mind. Almost half of Americans do not believe Obama and Congress will secure a deal to avoid the cliff. Among these people, 58% are fearful about their personal lives in the new year.
But, the public’s gloom goes far beyond fears about their personal finances or the economy. 56% of Americans are fearful about the world in general in the new year. This is the highest level since the immediate aftermath of the 9/11 attacks. Only 40% of Americans are hopeful about the state of the world.
Read more here.
Tea Party Vs Occupy Wall Street
Spending will kill, not save, our recovery
Voters are right to think our addiction to federal deficit spending is killing our economy. A thorough new study from Carmen Reinhart of the University of Maryland and Kenneth Rogoff of Harvard University takes a look at the relationships among rising debt, inflation and economic growth for 44 developed and developing countries. The findings bode poorly for a spending-crazy Washington.
From 1946 through 2009, growth of developed countries (including the United States) stood at an annual rate of just shy of 4 percent when debt was no greater than 30 percent of gross domestic product. The picture gets bleaker for those countries holding debt above 30 but below 90 percent — economic growth slowed down but still hovered around 3 percent to 3.5 percent per year. When debt rose to over 90 percent of GDP, average growth went negative. Reinhart and Rogoff found that when this worst-case scenario occurs in the U.S., economic growth rates go negative and the inflation rate goes to above 5.5 percent. According to the Heritage Foundation’s Bill Beach, the International Monetary Fund and the Congressional Budget Office both predict U.S. sovereign debt is fast approaching 100 percent of GDP.
There’s never been a better time for President Obama to put an end to the idea that he may be the next President Carter. He can head off inflation by taming federal spending and working with Congress to cut programs. And once that’s done, he can cut taxes to stimulate the economy. Sadly, he won’t. Obama sent a letter last week to leaders of the G-20, airing concerns over the decision of European leaders to start imposing austerity measures: “We should reaffirm our unity of purpose to provide the policy support necessary to keep economic growth strong.”
Unity of purpose is the problem. For Greece and Spain to face financial disaster, politicians first had to give monopolistic unions lavish pensions and a hearty social welfare state. Austerity measures were the hard-bought, politically unpopular solution, so much so that protests against the measures turned to riots.
Congress passed rules earlier this year to prevent itself from spending money it doesn’t have. But the same majority Democrats who voted for Pay-Go simply override those rules whenever they have to pass an actual spending bill. And on Saturday, Obama ripped opponents of his second stimulus, saying that they are endangering the jobs and unemployment benefits of millions of Americans. It’s time to face reality and start cutting spending.
Stock Markets and BP
First I want to say I am proud to be part of the U.S.Constitutional Free Press they are doing a great job keeping the American people informed about anything that the are not getting fom other media sources keep up the great work everyone
News Free Press Of Kooskia Idaho Logo 2 June 17,2010
Hello Everyone,
First I want to say I am proud to be part of the The U.S. Constittional Free Press, they are doing a great job. Keeping the American people informed about anything that they are not getting from other media sources. Keep up the great work everyone.
Lets start with BP British Petroluim it has come out in the last couple of days, that a new estimated amount of oil being poured into the waters of the Gulf. They are saying 30 to 60 thousand Gallons a day is spilling in the ocean, which equels making an Exxon Valdes every 5 days. We are now on day 59 of this massive leak of oil,
BP is an 80 Billion dollar company, and this spill could exceed the value of the company. In Europe they are saying that BP could have to file for Bankruptcy before the well is capped. just this week they are saying that BP could spend 81 Billion dollars to just clean up this oil in the Gulf. Thats not even touching on the amount of money that will make the people of the affected area of the Gulf made whole. The Macondo well is spilling about 2.50 Million Gallons per day into the Gulf.
Today it came out the President of the USA gave Mr George Soro’s own oil company the one he owns 80 percent of in Brazil 2 Million Dollars, Mr Soro’s has 80 Billion dollars in an oil company so whats the 2 Million Dollars for well its for drilling in the Deep waters of of Brazil for oil. Mr Soro’s has been one of President Obama’s advisors on this oil spill.
This week an new Fund was started for the people affected by the oil spill in the Gulf, and its being headed up by Kenneth Feinberg. Yes the same Gentleman that headed up the 911 fund, money was miss handled Mr Obama chose Mr Feinberg he said for his fine work with 911 fund. more to come about BP .
Now onto Information about the stock Market this last 2 weeks. This week California that they have a zero cash flow, just by saying that they are saying they are broke. What will happen next is that we have to bail them out, so here is what I say to CA inadvance of their request for a loan. Tighten your wallets, pay off your bills, use the tenth Admendment of the state Constitution. Alot of the state spending is their fault, the rest of it is the federal Governments Fault. So CA get some guts to tell the Federal Government to keep their Mandates, next go through all of your monthy bills, pick all the important ones pay for those. And get rid of all of the waste and fruad and abbuse. There are at least 16 other states in the same boat, and that boat is about to sink into an never ending sea of constant. Debt I say that you need a realistic Budget. There are 22 other states that are in so bad a shape that they will be cutting back on retirement benifits for their state employees, not suprised that Idaho is one of those 22 States in Dire straits.
There is someone that could teach you how to stay within your means. I have no debt other then my land, which will be paid of in about the next 1 year and half. My house is not finished, why becuase I have not gotten a loan to pay for the supplies to finish it but it is getting done.
this next couple of weeks I will finaly have a closet, to put clothes in. I have been living out of a suitcase for the 12 years, I have lived here. Now before all of you yell at my husband, for me not having closets. Dave is a hard working man, he does a lot of honey do’s arround here. He tried to get the closets done while I was on my Mothersday vacation. I just got back before they were done lol. Anyways back to what I was saying about being Debt free. We dont spend money we dont have. We save up for everything we want, I am putting a business together piece by piece. I save up for awhile spend some on the things I need for my business, then I save up some more. I am not like the Government can’t borrow money, or print my own money. So I have to live within my means. I feel its way past the time the States get there act together.
This week Greece has been downgraded to BA1 statice which is junk Bond statice , and next week france will have their rating lowered to AA statice from AAA the rating. Are done by Moody’s and this week I found out whom owns most of Moody’s. This week I Found out that Moody’s is owned by Halliburtan and they are owned by Warren Buffett owns stock in both Halliburtan and Moody’s. well I will end this blog for today and will write my next blog on http://NewsFreePress.wordpress.com I should have a blog there in about 24 hours from now have a great day.
Tonight I will co host News Free Kooskia Idaho at this link http://www.blogtalkradio.com/News-Free-Kooskia-ID tonights show airs at 9pm Pacific and 10pm Mountain and 11pm Central and 12am Eastern time zones Tonight is our Thrsday night Ham Radio show with Dave Brainerd wb6dhw
Obama Risks a Domestic Military Intervention
Here is the full text of John L. Perry’s column on Newsmax which suggests that a military coup to “resolve the Obama problem” is becoming more possible and is not “unrealistic.” Perry also writes that a coup, while not “ideal,” may be preferable to “Obama’s radical ideal” — and would “restore and defend the Constitution.” Newsmax has since removed the column from its website.
Obama Risks a Domestic Military Intervention
By: John L. Perry
There is a remote, although gaining, possibility America’s military will intervene as a last resort to resolve the “Obama problem.” Don’t dismiss it as unrealistic.
America isn’t the Third World. If a military coup does occur here it will be civilized. That it has never happened doesn’t mean it wont. Describing what may be afoot is not to advocate it. So, view the following through military eyes:
# Officers swear to “support and defend the Constitution of the United States against all enemies, foreign and domestic.” Unlike enlisted personnel, they do not swear to “obey the orders of the president of the United States.”
# Top military officers can see the Constitution they are sworn to defend being trampled as American institutions and enterprises are nationalized.
# They can see that Americans are increasingly alarmed that this nation, under President Barack Obama, may not even be recognizable as America by the 2012 election, in which he will surely seek continuation in office.
# They can see that the economy — ravaged by deficits, taxes, unemployment, and impending inflation — is financially reliant on foreign lender governments.
# They can see this president waging undeclared war on the intelligence community, without whose rigorous and independent functions the armed services are rendered blind in an ever-more hostile world overseas and at home.
# They can see the dismantling of defenses against missiles targeted at this nation by avowed enemies, even as America’s troop strength is allowed to sag.
# They can see the horror of major warfare erupting simultaneously in two, and possibly three, far-flung theaters before America can react in time.
# They can see the nation’s safety and their own military establishments and honor placed in jeopardy as never before.
So, if you are one of those observant military professionals, what do you do?
Wait until this president bungles into losing the war in Afghanistan, and Pakistan’s arsenal of nuclear bombs falls into the hands of militant Islam?
Wait until Israel is forced to launch air strikes on Iran’s nuclear-bomb plants, and the Middle East explodes, destabilizing or subjugating the Free World?
What happens if the generals Obama sent to win the Afghan war are told by this president (who now says, “I’m not interested in victory”) that they will be denied troops they must have to win? Do they follow orders they cannot carry out, consistent with their oath of duty? Do they resign en masse?
Or do they soldier on, hoping the 2010 congressional elections will reverse the situation? Do they dare gamble the national survival on such political whims?
Anyone who imagines that those thoughts are not weighing heavily on the intellect and conscience of America’s military leadership is lost in a fool’s fog.
Will the day come when patriotic general and flag officers sit down with the president, or with those who control him, and work out the national equivalent of a “family intervention,” with some form of limited, shared responsibility?
Imagine a bloodless coup to restore and defend the Constitution through an interim administration that would do the serious business of governing and defending the nation. Skilled, military-trained, nation-builders would replace accountability-challenged, radical-left commissars. Having bonded with his twin teleprompters, the president would be detailed for ceremonial speech-making.
Military intervention is what Obama’s exponentially accelerating agenda for “fundamental change” toward a Marxist state is inviting upon America. A coup is not an ideal option, but Obama’s radical ideal is not acceptable or reversible.
Unthinkable? Then think up an alternative, non-violent solution to the Obama problem. Just don’t shrug and say, “We can always worry about that later.”
In the 2008 election, that was the wistful, self-indulgent, indifferent reliance on abnegation of personal responsibility that has sunk the nation into this morass.
Once a government pet, BP now a capitalist tool
By: Timothy P. Carney
As BP’s Deepwater Horizon oil rig was sinking on April 22, Sen. John Kerry, D-Mass., was on the phone with allies in his push for climate legislation, telling them he would soon roll out the Senate climate bill with the support of the utility industry and three oil companies — including BP, according to the Washington Post.
Kerry never got to have his photo op with BP chief executive Tony Hayward and other regulation-friendly corporate chieftains. Within days, Republican co-sponsor Lindsey Graham, R-S.C., repudiated the bill following a spat about immigration, and Democrats went back to the drawing board.
But the Kerry-BP alliance for an energy bill that included a cap-and-trade scheme for greenhouse gases pokes a hole in a favorite claim of President Obama and his allies in the media — that BP’s lobbyists have fought fiercely to be left alone. Lobbying records show that BP is no free-market crusader, but instead a close friend of big government whenever it serves the company’s bottom line.
While BP has resisted some government interventions, it has lobbied for tax hikes, greenhouse gas restraints, the stimulus bill, the Wall Street bailout, and subsidies for oil pipelines, solar panels, natural gas and biofuels.
Now that BP’s oil rig has caused the biggest environmental disaster in American history, the Left is pulling the same bogus trick it did with Enron and AIG: Whenever a company earns universal ire, declare it the poster boy for the free market.
As Democrats fight to advance climate change policies, they are resorting to the misleading tactics they used in their health care and finance efforts: posing as the scourges of the special interests and tarring “reform” opponents as the stooges of big business.
Expect BP to be public enemy No. 1 in the climate debate.
There’s a problem: BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.
In February, BP quit USCAP without giving much of a reason beyond saying the company could lobby more effectively on its own than in a coalition that is increasingly dominated by power companies. Theymade out particularly well in the House’s climate bill, while natural gas producers suffered.
But two months later, BP signed off on Kerry’s Senate climate bill, which was hardly a capitalist concoction. One provision BP explicitly backed, according to Congressional Quarterly and other media reports: a higher gas tax. The money would be earmarked for building more highways, thus inducing more driving and more gasoline consumption.
Elsewhere in the green arena, BP has lobbied for and profited from subsidies for biofuels and solar energy, two products that cannot break even without government support. Lobbying records show the company backing solar subsidies including federal funding for solar research. The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina.
Ex-Im has also put up taxpayer cash to finance construction of the 1,094-mile Baku-Tbilisi-Ceyhan pipeline carrying oil from the Caspian Sea to Ceyhan, Turkey—again, profiting BP.
Lobbying records also show BP lobbying on Obama’s stimulus bill and Bush’s Wall Street bailout. You can guess the oil giant wasn’t in league with the Cato Institute or Ron Paul on those.
BP has more Democratic lobbyists than Republicans. It employs the Podesta Group, co-founded by John Podesta, Obama’s transition director and confidant. Other BP troops on K Street include Michael Berman, a former top aide to Vice President Walter Mondale; Steven Champlin, former executive director of the House Democratic Caucus; and Matthew LaRocco, who worked in Bill Clinton’s Interior Department and whose father was a Democratic congressman. Former Republican staffers, such as Reagan alumnus Ken Duberstein, also lobby for BP, but there’s no truth to Democratic portrayals of the oil company as
an arm of the GOP.
Two patterns have emerged during Obama’s presidency: 1) Big business increasingly seeks profits through more government, and 2) Obama nonetheless paints opponents of his intervention as industry shills. BP is just the latest example of this tawdry sleight of hand.
Once a government pet, BP now a capitalist tool
America: Going Broke
(Reuters) – The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.
“The president’s economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt’s massive drag on our economy,” said Republican Representative Dave Camp, who publicized the report.
He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.
The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.
The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.
By 2015 the net public debt will rise to an estimated $14 trillion, with a ratio to GDP of 73 percent, the Treasury report said. (Reporting by Donna Smith; Editing by Kenneth Barry)
Tarp Jr.
by Brian Darling
Remember all of those bold statements that the so called “Troubled Assets Relief Program” (TARP), the Bailout of Wall Street Bill, was a one time deal and our federal government should and will never do it again. Secretary of the Treasury Tim Geithner testified in January of this year before the House Committee on Oversight and Government Reform:
Many Americans look at what happened with AIG, and the rest of the financial rescue, and simply ask: Why was it necessary? Why was it fair for the government to take taxpayer money and put it into an institution that had mismanaged itself to the edge of collapse? The answer is that it was not fair, and it was not something our government should ever have to do. But those Americans, those families and business owners who played by the rules and played no role in giving rise to this recession, should understand that if the government had failed to act, that failure would have unleashed substantially greater damage upon them.
If TARP “was not fair” and not “something our government should ever have to do,” then why is Congress trying to impose the TARP model on small business? Congress will consider legislation this week to establish TARP, Jr. for small businesses to be administered and run by none other than Secretary of the Treasury Tim Geithner. The House is considering H.R. 5297, the Small Business Lending Fund Act that provides “temporary authority to the Secretary of the Treasury to make capital investments to eligible institutions in order to increase the availability of credit for small businesses.”
The legislation creates a federally run new bureaucracy called the “Small Business Lending Fund. ” To qualify a financial institution has to have less than $10 billion in assets and the new creation would have up to $30 billion in new investment authority. This allegedly temporary program is set up “without further appropriation of fiscal year limitation,” i.e. not temporary, to purchase “preferred stock and other financial instruments” from small business as a means to infuse money into local banks with the condition that they lend to failing small business. Local banks will be lending in exchange for equity small business, therefore these banks will be using federal monies to buy equity in companies. This is an idea born from socialism and one that will harm the free market for small business, because failure will be rewarded by federal subsidies while success will be punished.
The bill also creates a “Small Business Credit Initiative” with $2 billion of your tax dollars to be given to states that have created programs to provide funds to banks to bailout small businesses in trouble. This would provide an incentive for states to adopt the crony capitalism programs of the federal government exemplified by the federal takeover of General Motors and the activities of Fannie Mae and Freddie Mac. Setting up a system with private profits, yet socialized losses, will diminish capitalism and the American free market system. This legislation, TARP, Jr., extends the failed and free market offensive TARP model to small business. Considering that the original TARP program was “not fair, and it was not something our government should ever have to do,” Congress might want to heed the advice of Secretary Geithner of January 2010 and pause before creeping a few more steps toward American socialism.
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