Archive for March, 2009

Doing the reporting the media will not do.

Send us a two minute Video telling the world “Why I joined the Tea Party Movement!”

From the entries received, we will post the Top Three on the home page of the Richmond Tea Party website.

And, we will select One Citizen Journalist to be the Richmond Tea Party Correspondent for Pajamas Media,
live from Kanawha Plaza!

To submit your video, upload it to a file sharing site such as YouTube or Eyeblast or your own Facebook page.
Then, simply send us the link.

Contact Mickey White for more information, and get filming right away!


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Just In

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Listen Up

Tune in today to 1140 WRVA AM at 3:00 PM today for a special announcement. No more sitting on the sidelines being passive observers.

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This gets to the heart of the issue why the free market did not fail.

[. . .]Here’s an analogy that illustrates what happened.

In April, 2001, Private Sector Architects draws up plans for a three-story house. The prospective owner hires Capitalism Builders to construct it. The Free Market Sawmill is chosen to supply the lumber. The project is scheduled to take eight years. Construction begins.

Every night, men from the U.S. Bureau of Standards sneak into the Free Market Sawmill and the offices of Capitalism Builders and replace all of the rulers and tape measures. Some days the inches get longer, but most days they get shorter. By March, 2008, the inch is only 25% of what it was seven years before.

As a result, the two-by-fours being produced by the Free Market Sawmill in 2008 have only one-sixteenth the load-bearing capacity of 2001 lumber. Some workers express concern because the latest two-by-fours are looking pretty flimsy. However, when checked, the boards still measure two inches by four inches.

In September, 2008, a group of school children is taken on a tour of the just-completed third floor of the house. The building collapses, causing many injuries. The Krugman Blame Bureau surveys the wreckage and declares that Capitalism and the Free Market have failed.

Read the entire post. Thanks to Jim for the link.

Cross posted at Point Of A Gun.

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Reminds me of the Margaret Thatcher quote: If you want something said, ask a man; if you want something done, ask a woman.

These Florida moms organized a huge Tea Party last weekend in Orlando, Florida.

Lisa Feroli and her friend Shelly Ferguson just got frustrated by the stimulus aka porkulus bill and the growth of big government.

They saw so many people who were dejected and felt they couldn’t do anything to speak out against this assault on Constitutional government and the responsible citizens of the United States, so they organized at Tea Party, after the best tradition of the Boston Tea Party.

Rock on, Moms.  Video at the link.

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Dodd is becoming easy pickings nowadays.

Chris Dodd vs. Tim Geithner:

Dodd, the 6-foot senior senator out of Connecticut, is at the heart of the AIG bonus scandal. Just about everyone is blaming him for the provision that let the company use federal bailout money for the $286 million worth of payouts.

Dodd is blaming Geithner.

But Geithner, the one-man-show at the Treasury, is claiming that he didn’t really push as hard as Dodd is saying, that it was up to the legislators in the end anyway. Though he’s quick to defend the provision’s legal grounding, Geithner claims to be as surprised by the bonuses as anyone.

Facing pressure, Obama had to make the call: admit that his man Geithner had made a mistake or turn the cheek to Dodd and let the public, the media, and the Republican party pounce on the guy. Obama chose the latter — as easy as picking Duke or UCLA.
[. . .]
Just before the bill went to the conference committee, in which Dodd did not participate, the Obama administration pushed for Congress to limit the provision’s scope. Perhaps they feared the legal repercussions; perhaps it truly was a move to appease the businessmen. Either way, by the time the conference concluded, a new clause had been added to the act.

It stipulated that Dodd’s proposition “shall not be construed to prohibit any bonus payment required to be paid pursuant to a written employment contract executed on or before February 11, 2009.”

In a rush to get the stimulus money out, the bill went to vote right away. Maybe Dodd, chairman of the Senate Banking Committee, could have been more stubborn by pushing back against the new clause and its champion — Tim Geithner. But at that point, it would have been politically useless and, if it caused a delay in getting the stimulus to the people, definitely not worth the costs.

Never waste a crisis. This isn’t so much as against Dodd but the entire system of rushing bills through in a hurry to sign as law. It’s the mentality of manufacturing a crisis so government can step in and take action.

Why is it a crisis? Because the President (from either party) said it was. So Congress has to act to do something (TARP, the Troubled Asset Relief Program). When the unintended consequences hit from the first law passed (AIG getting their contractual bonuses. Protected by law through the ‘American Recovery and Reinvestment Act’, better known as The Stimulus Package). Congress sets out to pass another law to patch up the first (The after the fact 90% tax on the bonuses. Passed the House and is in the Senate, last I checked). Setting themselves up as the good guys when it was the same laws they passed that caused the root problem.

Kindergartners can do a better job of running the country.

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It was one of Barack’s biggest campaign promise. The tax cut credit to 95% of the nation. The other 5% would get an increase to pay for the 95% (Congressional Math, I guess).  Get ready for more broken promises.

The way things look, the government will need the money.

The nonpartisan Congressional Budget Office says Obama’s proposed budget comes up short on its estimates for spending, revenues and deficits — virtually everything.

Over 10 years, the CBO says, the cumulative deficit will reach $9.3 trillion, $2.3 trillion more than expected in the White House budget. Spending would jump permanently to 23% of GDP — and possibly higher — from 20% last year, a $1.7 trillion gain over that time.
[. . .]
The math is clear. In the next five years alone, Obama’s budget adds $5.7 trillion to the U.S. debt. That’s $48,000 per household. Put in perspective, servicing that debt each year will cost as much as the annual defense budget by the end of the decade.

Today, the federal government spends about $24,172 per household. That will grow to $32,463 by 2019, after adjusting for inflation — for a real spending gain of 34%. Paying for all this will take money — vast, unprecedented amounts of it. Yet, on the stump last year, Obama promised that 95% of Americans would get a tax cut under him, and that only the very wealthiest would pay more.
[. . .]
From 1953 to 1982, tax rates were at their highest. As Heritage Foundation analyst Brian Riedl recently noted, during that time, the economy was in recession 21% of the time and the stock market rose 5.4% on average. This culminated in the 1970s, when inflation hit 13% and interest rates 19% under Jimmy Carter.

Since the broad-based Reagan cuts in 1982, the economy has been in recession just 10% of the time, inflation has never gone above 5%, interest rates have never been over 12%, and the stock market — even after two record drops — has averaged gains of 7% a year.

Reagan slashed taxes and simplified the code, and revenues and growth soared. That’s what works, as dozens of studies prove.

So if they’re sincere, Obama’s tax reformers have a choice: follow the tax policies of Reagan and thrive, or those of Carter and fail. To us, it’s a no-brainer.

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