Archive for the 'Congress' Category

US Leadership Vacuum Favors Politics Over Governance

Posted in Public Affairs, Money Matters, wordpress, Politics, oil, disclosure, ethics, oversight, Law, Justice, obama, Congress, Business, Legislation, Energy on April 30th, 2010 by Stanford Matthews

political follyA stop at Google News to see what the MSM offers today starts out with US considers Goldman Sachs criminal charges. You have to ask yourself if that includes suspects like former employees of Fannie and Freddie as well as their co-conspirators in Congress, then and now? The push to place everyone in a home of their own whether they could afford it or not started the whole mess. It took years of quiet meddling by POLS and regulators as well as those who made a bundle in the market to lift regulations designed to avoid such problems. But the liberals need a villain to cover their tracks and apparently Goldman Sachs will suffice for their witch hunt and slight of hand redirection of blame.

And you have to wonder if BP is stepping up to pay for the spill in the Gulf of Mexico now that the slick is reaching shore and conspiracy theories abound? And it is reasonable that the Obama administration would postpone offshore drilling plans due to the incident. But that delay plays well into the liberal agenda in the first place. Another set of villains to be targeted by the left for political purposes rather than pursuit of justice.

Economic growth is slower than expected according to a report at WaPo. Again you have to wonder who really expected it to be above a 3.2% annual rate in the first quarter of 2010? The public opposition to continued fiscal irresponsibility likely includes business leaders and those who do the hiring and manage the risk of whether or not to expand. That is if they even have access to the resources (funding) to do so.

You would be hard pressed to find examples exhibiting effective leadership in government these days. When the taxpayer via government entities should be partnering with the private sector to improve the economy and resolve issues across the board little evidence exists that anyone is prepared to do just that.

That leads well into a sentiment expressed frequently on this blog. Come November, throw the bums out. Continue natural term limits through 2012. Repeat as necessary.

Stanford Matthews
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Who Votes Against Earmarks?

Posted in Public Affairs, Money Matters, wordpress, Politics, Lieberman, GOP, Democrats, conservative, liberal, disclosure, ethics, oversight, Congress on March 28th, 2010 by Stanford Matthews

Earmarks = PORKIf anyone cares to offer a compelling argument to explain the results of the following roll call vote it would be appreciated. The only condition for the argument is that it does not offer political strategy as an excuse.

While the GOP would like to be viewed as the loyal opposition to the Democratic party’s far left agenda some Republicans defy explanation for their voting choices. The roll call vote presented here deals with earmarks. Senator DeMint offered an amendment described as an earmark moratorium for fiscal years 2010 and 2011. More than a dozen members of the GOP voted to table the amendment along with the Democrats. One Democrat, Russ Feingold from Wisconsin voted ‘no’ with most Republicans. But that may be due simply to political considerations in a re-election year.

That DeMint’s amendment clearly limited the earmark moratorium to 2010 and 11 should have made it easy for anyone to support it given current economic conditions. If you cannot support what may amount to nothing more than a symbolic gesture of disapproval for wasteful government spending how serious can you be about reducing the national debt and deficits? Earmarks are reported to account for ‘only’ a tiny amount of government spending. But eight or nine billion dollars per year is real money to most people. Money that could be used to solve real problems that get postponed due to lack of funding. How’s that for twisted logic?

It is understood POLS regularly tout their ability to direct federal taxpayer dollars to their respective states. You can visit many websites of Congressional members of either party listing all the, let’s face it, PORK, they provide their constituents. But isn’t it really a select number of constituents? Isn’t this simply more election campaigning and vote buying sponsored by the American taxpayer?

This sort of thing needs to stop. It may explain in part the popularity of what some call the Tea Party Nation. The GOP and even the Democratic party should adopt measures like the one Senator DeMint introduced mentioned earlier. It is just common sense. And it would go along way to convince the public that politicians are actually serious about controlled spending, deficit reduction and retiring the national debt.

And it could all be done without the political risk of attacking the real problem. Entitlements like the latest healthcare legislation or the majority of the annual budget that is, go figure, entitlements.

Stanford Matthews
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Obamacare and the Loyal Opposition (Part Three)

Posted in Public Affairs, Money Matters, Health, wordpress, Politics, GOP, Democrats, conservative, liberal, disclosure, ethics, obama, Medicare, Congress, Legislation on March 27th, 2010 by Stanford Matthews

new deal folly

Less than two weeks ago the news was dominated with stories surrounding the contentious health reform debate. Opposition to President Obama’s obsession with his top agenda item in Congress mirrored that of the voting public.

The U.S. Congress appears headed for a final battle over health-care reform legislation in the next several days, and the political stakes for President Barack Obama, his Democratic allies and opposition Republicans are enormous.

Health-care reform has been President Barack Obama’s top domestic priority, and the president is making an energetic final push for support, including a recent visit to Ohio.

‘An energetic final push for support’ keeping President Obama in campaign mode since taking office was necessary as most Americans oppose the plan.

Public support for the Democratic health-care plan has eroded during the past several months, and Mr. Obama must now rely on Democrats alone to get the legislation through Congress.

There never was strong support for Obamacare as demonstrated by public opinion polls and the need for Democratic party leadership to strong arm their membership, buy votes with special deals at taxpayer expense as well as abusing their majority status in Congress to force a simple majority vote on the measure that would otherwise require 60 votes in the Senate.

Democrats including President Obama could not muster 60 votes of support in the Senate nor more than 40 percent in public opinion polls. Even without the ever-present political considerations politicians evaluate common sense opposition from the voting public demonstrates healthcare legislation forced through Congress by the Democrats is seriously flawed. And that Democrats have nothing but contempt for those who oppose their questionable agenda. That includes about sixty percent of the American public.

Health Care Bill Still Under 40% Approval

The polls above are from last week. You can click on the link to read more.

Perhaps the sixty percent opposed can send the Democrats home in November 2010 and retire the one in the White House in 2012.

Stanford Matthews
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Obamacare and The Loyal Opposition

Posted in Public Affairs, Health, wordpress, Politics, youtube, GOP, Democrats, Kennedy, Video, obama, Medicare, Congress, Legislation, Mitch McConnell on March 25th, 2010 by Stanford Matthews

It would be entertaining if it wasn’t so serious. First of all, make no mistake, there is rhetoric everywhere. Political rhetoric is a familiar tool. Everyone uses it. And those opposed to any such rhetoric typically submit a rebuttal. The following is an example.

This blog offers a rebuttal to those who characterize any criticism of Obamacare as somehow sponsored by the GOP or otherwise supported or connected to the Republican party.

The Democratic party has been in the majority throughout the so-called health reform debate that has now lasted, in its current form, for more than a year. The Democrats raised the issue. President Obama has placed it as his top priority. The entire issue was brought forward by the Democratic party. And few would argue against the fact it has been a liberal cause for decades. No need to repeat a description of the Ted Kennedy saga or the fallacy that current health reform proposals are in any way relevant to frequent references about Theodore Roosevelt’s efforts on behalf of public health issues.

Democrats currently own this issue and any results that occur because of it. The GOP has been effectively shut out of the process as shown by the massive number of amendments they offered compared to the few that have not been rejected by the majority. Even some Democrats opposed to this reform have had their ‘yes’ votes paid for by special deals. And there is not one poll available during the entire debate to indicate adequate public support for the Democratic party’s health reform legislation.

Connecting opposition to current healthcare reform exclusively as a function of the GOP is absurd. While the GOP opposition certainly has a political component the same cannot be said for the majority of Americans opposed to the Democratic party’s healthcare reform legislation.

Just because a majority of Americans oppose the Democratic party’s healthcare reform legislation does not make them Republicans. And the fact that this blog is presenting content in this post from Senate Minority Leader Mitch McConnell is not an endorsement of the GOP. But it does demonstrate something about the loyal opposition to Obamacare. Most Americans oppose Obamacare and that includes the GOP and this blog. Although it is fair to say each opponent may have their own reasons for opposing Obamacare.

The point is Obamacare is opposed by most Americans. And the Democratic party majority is forcing it upon citizens anyway. That’s the issue.

Here’s the Mitch McConnell content……


and the text version……

WASHINGTON, DC - U.S. Senate Republican Leader Mitch McConnell made the following remarks on the Senate floor Wednesday regarding the health care bill:

“The administration and some in Congress would like to think this debate is over.

“They want the American people to sit down and quiet down.

“That’s been their approach to health care for an entire year.

“Well, Republicans think Congress serves the people, not the other way around.

“So we’ve fought on behalf of the American people this week — and we’ll continue to fight until this bill is repealed and replaced with common-sense ideas that solve our problems without dismantling the health care system we have and without burying the American Dream under a mountain of debt.

“That’s what we’ve been doing all week here in the Senate.

“While Democrat lawmakers and staffers threw a party for themselves at the White House yesterday, Republicans were here at the Capitol fighting a 150-page postscript that Democrats added on at the last minute to the health care bill.

“This add-on bill took a terrible health spending bill and made it even worse.

“If you thought the tax hikes in the original bill were bad, this bill raised them even higher. If you thought the Medicare cuts were bad, this bill made them deeper. If you thought the first bill cost too much, this bill made it even more expensive.

“If you didn’t like the special deals in the first bill, they slipped more into this one.

“The whole thing was one last slap in the face of Americans across the country who’ve been howling at Democrats for the past year to stop this bill and to work instead across party lines on reforms that would actually drive costs down.

“So today, Republicans will give Democrats one last chance to reject the horrible impact the underlying bill and this last-minute add-on will have on our country.

“Unfortunately, we already know that they plan to turn the other way.

“We’ll offer an amendment to direct the Medicare cuts in this bill back into Medicare, to preserve and strengthen it for future generations. They’ll reject it.

“We’ll offer an amendment to strike all the new sweetheart deals in this bill. They’ll reject it.

“We’ll offer an amendment that would have obliged the President to keep his pledge that families earning under $250,000 won’t see any tax hikes as a result of this bill. They plan to reject it.

“We’ll offer an amendment requiring HHS to certify that this bill doesn’t increase premiums. They’ll reject it.

“We’ll offer an amendment to strike a job-killing mandate on businesses. They’ll reject it.

“So while the White House is trying to sell this health spending bill to a skeptical public — Senate Democrats today will speak loudly and clearly about the things in this bill the White House doesn’t want people to know — and vote to endorse them:

* Massive cuts to Medicare for seniors
* Job killing mandates and small business tax hikes
* Higher insurance premiums
* Sweetheart deals
* Tax hikes on middle class families

“This is the real story of health care reform.

“Americans may not be hearing about it from the White House, but I assure you they’ll be feeling the pain. Americans know this, and they want to know that someone’s fighting for them in Washington, to make their voices heard.

“That’s what Republicans have been doing on this issue for the past year. That’s what we’ve been doing this week. That’s what we’re doing tonight.

“And that’s what we’ll keep doing until those voices are heard.

“We’re not giving up.”
###

Can You Be Deceived?

Posted in Public Affairs, Money Matters, Health, wordpress, Politics, conspiracy, News Media, disclosure, ethics, obama, Opinion, Congress, Legislation on March 23rd, 2010 by Stanford Matthews

Emotional appeals designed to pull at the heartstrings were an effective weapon unleashed on the uninformed for those supporting the latest fiasco in the US Congress. Americans have always been a generous group. But too often that generosity is abused by those with special interests having nothing to do with being kind to others.

The report below is a case in point. The first paragraph indicates it was published before roll call vote 165 on Sunday night last on the House ‘vehicle’ for the bill named the Patient Protection and Affordable Care Act. And there is much in this report pointing to the decision process of many Americans.

In this instant society of fast food, mobile everything and the ‘on demand’ appetite developing unreasonable expectations comes with the skewed perception of reality that results from these behavior patterns. Not so different from the average spoiled child.

A basic concept in marketing defines salesmanship as satisfying needs and wants. Everyone should understand the difference between something you need and something you want. But more and more these days the two become confused. It is now common for people to believe something they need or want is a right and they are entitled to it. And to them it does not matter if someone else must be the responsible party in providing it. In other words, I need it therefore I want it and you must give it to me.

With the story below, where to begin? Why is Michele without health insurance? The author suggests 20 somethings are the largest uninsured group. She further suggests about half work only part-time. And their uninsured numbers are nearly twice that of older adults.

This will sound cruel. Michele claims she has a heart condition and it keeps her from working full-time. We are not told why she is a single mother but obviously having a heart condition did not interfere with getting pregnant. It may sound cruel but being sheptical is part of not being conned.

Much of this is about choices. And it certainly is about rights and responsibilities. How many people CHOOSE not to have health insurance? How many of those described in the VOA report made choices which limited their options for their future? It is reasonable to suggest there are those who are in predicaments not of their own choosing. But it is just as reasonable to suggest the vast majority of people in predicaments are there through no one’s fault but their own.

And a swell of sympathy for those with limited options (through no one’s fault but their own) has once again been used to force legislation on the rest of us. Liberals were more than willing to use these emotional appeals in an attempt to further their flawed agenda and avoid political backlash this fall at the ballot box. To the GOP’s credit a practical and common sense set of objections were used to oppose dangerous legislation. However, to be fair, their motives may not have been entirely altruistic.

The point is, whether for the right reason or not, the GOP was on the correct side of this political battle. The Patient Protection and Affordable Care Act is a misnomer in more than title. If you do not understand or believe by now this measure can break the financial back of our nation you are not paying attention.

The instant society, a loss of values from our nation’s past and a failure to be the best we can be have all conspired to bring us to this point. If this trend is allowed to continue the future looks very dim indeed.

Stanford Matthews
MoreWhat.com

Democrats in the US Congress are racing to pass health care reform legislation. Currently, people in their 20s are the largest group in the United States without health insurance. With skyrocketing health care costs, those with low incomes often cannot afford insurance. Under the legislation, some 30 million uninsured will be able to buy insurance, and some will get government subsidies for it. And that could make health care more affordable.Michele Gomez: VOA's flawed healthcare argumentMichele Gomez is a 23-year-old single mother with no health insurance. She has a cold and came for medication to the Free Clinic in Arlington, Virginia outside Washington. Gomez also is having a blood test because she has a heart condition.

She says because of it, she can only work part-time and she doesn’t make enough money to pay for health insurance.

“I need medicine, and sometimes I get heart pains and I have to think about it twice before I go to the hospital because I don’t have insurance,” said Michele Gomez. “I normally get a big bill and I don’t have a way to pay for it.”

Nearly half of young adults work part-time and so they are less likely to be offered health insurance at their jobs.

The U.S. government estimates that 30 percent of young adults are without health coverage, compared with 17 percent of older adults.

Gomez says she is in favor of health insurance reform. But she says if she is required to pay for even a small part of her insurance, she can’t do it.

“I think they should have done this a long time ago,” she said. “It’s ridiculous how you can’t get insurance, especially if you are a U.S. citizen. I think that should be one of the major priorities is to get insurance for people, especially if they have a low income.”

Health officials say it’s important to insure young adults even if they have few health problems. Nancy Pallesen, head of the Arlington Free Clinic, says their issues can become chronic.

“It’s very important for these people to have health care, regular health care, and to have preventative kinds of health care because in the future this will save them a lot of anguish,” said Nancy Pallesen.

Currently, most insurance plans allow parents to claim their children as dependents until they are 22-years-old. Under the new legislation, young adults will be able to remain on their families’ policies until the age of 26.

Ronald Perry works in a grocery store and says health insurance is too expensive for him. He thinks it should be optional.

“Everybody can make their own decisions and if you choose to have health care you shouldn’t be forced to do it at 26 or 30,” said Ronald Perry. “If you want it at 45 or 50 you should be able to get it then.”

Young adults are more likely to work in small businesses that don’t offer health care plans.

Isidro Duran is one of them. He came to the U.S. from Honduras 10 years ago and works in a small restaurant in Washington. He says he would like affordable health insurance.

“I am nervous and I am very concerned about it because you never know when you will need it,” said Isidro Duran.

Kimlinn Pham, from Vietnam, is a manicurist in a hair salon in Virginia. She hopes health care reform will allow her to buy reasonably priced health insurance. Pham says even when she’s sick she avoids going to the doctor.

“The doctor and hospital are so expensive,” said Kimlinn Pham. “I know that they treat you very well. But later on when you get the bill, you are the one to suffer from the bill. The doctor won’t suffer from that.”

Even with new legislation, the changes in health insurance won’t begin for several years. By that time, some people in their 20s could already be burdened with medical debt and chronic illness.

Hell in a Handbasket

Posted in Public Affairs, wordpress, Politics, McCain, GOP, Democrats, conservative, liberal, obama, romney, Pelosi, Reid, Congress, Gov Sarah Palin on March 13th, 2010 by Stanford Matthews

Seems like good timing for a basic blog rant. It’s been a tough couple of weeks and I’m cranky. Keeping the discussion on matters of politics a little review of the current situation seems in order.

Obamanation remains fixated on their, ‘let’s take over everything’ agenda. The central flaw in their quest beyond public disapproval and even outrage is similar to that of a typical spendthrift. They believe there is still money in the bank if they still have checks.

It’s amazing really. Politicians in both parties have frequently if not continuously committed the same financial sins for which they accuse others. Yet they have no shame for their own misguided actions or for political rhetoric employed as unemployment engulfs our nation.

By our votes we bestow upon them a public trust complete with perks for royalty yet we shed that anchor over two hundred years ago. And with the possible exception of the founding fathers those in public office have a two century record of malfeasance in office. If they were not directly involved with corrupt government they were willing participants by the fact of their incompetent objection.

As noted here elsewhere, notable Republicans like Palin, Romney and Scott Brown support McCain for re-election. Yet it is clear McCain is not a conservative. Which casts doubt on the credentials of the aforementioned.

Mr. Romney, who was supported on this blog since 2008, provided a less than convincing excuse for his endorsement. If McCain’s years of service and experience qualify him as the best choice for American leadership what does that say about his support of shamnesty during the second Bush 43 term? And then there’s Lindsey Graham with similar problems. The GOP has not turned the page toward conservative principles. How will they do that with barely half a year to go before the 2010 elections?

Yes, they are fiercely opposing the current liberal push for a totally out of touch agenda. But what else are they going to do? They believe this strategy against the Obamanation will translate to victory in November. What’s new about that? Sound like politics as usual just as much as the Dems failure on every level since the 2006 midterms.

The GOP fell from grace and have not returned in any meaningful way. The libs are apparently willing to snatch defeat from the jaws of victory. Worst of all, they have not drained the swamp. The culture of corruption is alive and well in Washington, DC and around the country in all levels of government.

The voters must drain the swamp in November 2010.

Stanford Matthews
MoreWhat.com

editor’s note: The quality of this post has suffered as it is Friday and this month’s budget only allows for beer rather than top shelf single malt Scotch. Po’ Stanford. And no images were chosen for this post as none were available at the time of publication to fit the mood.

Healthcare Summit: Obama Dodge and Weave

Posted in Public Affairs, Money Matters, Health, wordpress, Politics, liberal, conspiracy, obama, Opinion, Medicare, Congress on February 25th, 2010 by Stanford Matthews

ObamaMirrorImageWHgov4001.jpg

Just a brief post on the summit to this point. (1PM EST).

Just when Eric Cantor and others were getting to the meat of the issue President Obama said rather than go on with a ‘back and forth’ others should be allowed to speak.

Interpretation: When about to lose ground on reform the President side-stepped the very debate he said he wanted to have.

The Dems have cited anecdotes for an emotional appeal while members of the GOP have tried to move the discussion to the real debate of why we cannot afford the legislation as it will only make healthcare more expensive through taxes and other excessive regulatory restrictions.

Now they broke for ‘a House vote that has to be taken now’. They knew this summit was on for today. With all the days Congress takes off, why did they have to have a vote now. Sounds like step two in the dodge and weave to regroup as the GOP had the stronger arguments.

And if you listened to Washington Journal this a.m. prior to the summit you could have listened to Congressman Clyburn express the Dems goal is to provide unlimited coverage to Medicare as well as private insurance.

Then how do they expect anyone to believe we can afford healthcare reform? The answer is they don’t. They expect as most believed to takeover healthcare as a major step in bringing European socialism to the United States.

That is not a wild accusation. The evidence for the argument is all around you. All you have to do is open your eyes and observe. It is not that difficult.

Stay tuned to Cspan to ‘observe’ the liberal conspiracy first hand during this so-called healthcare summit. How many more times will Obama side-step the real debate when confronted by the GOP on the flaws of the Democratic majority’s healthcare component of their liberal agenda?

Currently we have witnessed side-step one and two (see above).

Stanford Matthews
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related:

“A Reading Guide to the Senate Bill’s Backroom Deals” (Michelle Malkin) 

Jobs Bill, Scott Brown, GOP Votes, Explain This!

Posted in Public Affairs, wordpress, Politics, campaign, election, GOP, Democrats, conservative, liberal, News Media, Opinion, Congress, Legislation, Sen Jeff Sessions, Sen Susan Collins, Sen Olympia Snowe on February 23rd, 2010 by Stanford Matthews

GOPstuffed.jpg

News reports out today regarding the Dems jobs bill and the vote of newly minted Senator Scott Brown (R-MA) raise questions. Brown is being described by some as a sellout. Others suggest he had no choice given circumstances in the state he represents.

You can view the roll call vote by clicking here. The questions about this vote should ask more than why did Senator Scott Brown vote for it. Why did seven other GOP members not vote?

Among those not voting was Senator Jeff Sessions. To this point Senator Sessions has been viewed as a positive force in the US Senate and that will probably continue. But the question remains. Why did he and six others not vote on this bill?

Voinovich and Bond voted ‘yes’ and are retiring. Collins and Snowe voted ‘yes’ and that is no surprise given they are RINOs. That suggests Scott Brown does not plan on being in the Senate long or is a RINO or both. If nothing else the last three statements are humorous. But only because the vote’s outcome is so pathetic.

The previous post on Romney, McCain and Palin is troubling. This post adds to that concern. Again, what the hell are Republicans thinking (or are they)?

Stanford Matthews
MoreWhat.com

Obama Healthcare Summit: Community Organizing

Posted in Public Affairs, Money Matters, Health, wordpress, Politics, GOP, Democrats, obama, Opinion, Medicare, Congress on February 21st, 2010 by Stanford Matthews

stethoscopeSenGov.jpgHere’s a suggestion for evaluating the soon to be televised (on Cspan) health summit hosted by the White House. You may recall President Barack ‘Mr Transparency during the 2008 campaign’ Obama was complicit in efforts by the Democratic party to exclude the Republican party from the business of crafting so-called healthcare reform legislation. Correction, that is now ‘health insurance reform.’

Just in case you forgot the following excerpt is provided as a reminder that much of the latest push in Congress and the White House for ‘reform’ has been behind opaque rather than transparent doors.

C-SPAN questions follow Obama

President Barack Obama might just wish he had opened even one health care meeting to the C-SPAN cameras.

The issue is starting to follow him around.

Once again Tuesday, he faced a question about it, from a high school student in Nashua, N.H., who asked him to grade the White House’s transparency efforts, given the fact that all the health care discussions have been behind closed doors.

Now that Obama has realized the mistake in hiding negotiations he expresses a ‘warning.’

President Obama warned lawmakers on both sides of the aisle Saturday not to turn the upcoming White House health-care summit into “political theater,” but rather “to seek common ground in an effort to solve a problem that’s been with us for generations.”

The ‘problem’ for the Dems is they have been trying to takeover healthcare for ‘generations.’

The standard rhetoric from the left now that they have initiated damage control for their lack of transparency is that the GOP is the party of ‘no’ and has no plans. The GOP counters with examples of their plans and a website to publish them. The right fears a setup or ambush by the left in this overdue suggestion of transparency. The left has the majority in DC as well as most of the cards yet have been unable to move their liberal agenda forward. It is reasonable to suspect all of this from both sides is politics as usual.

Everyone has an agenda including you and I. An agenda can be a good thing. But finding one in Washington DC that is good is next to impossible. Can politicians escape politics in this upcoming ’summit.’? Not likely.

The public is not happy with the Obama agenda or Congress. It is quite possible the GOP prefers the Dems own this one, meaning Obamacare. If health related legislation is passed in Congress without GOP support and turns out to be the disaster expected they can say we told you so. The Dems want the GOP to have ’skin in the game’ by signing on to this legislation without benefit of participation in its crafting. Obama’s health summit is likely a maneuver with that in mind.

Once again you are on your own to evaluate what is really going on. The upside is November 2010 holds the key. Tell the White House and Congress what you think with your vote.

Stanford Matthews
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related: Reconciliation, the public option, and Demcare revival (Michelle Malkin)

Glass-Steagall and Deja Vu Politics

Posted in Public Affairs, Money Matters, wordpress, Politics, disclosure, ethics, oversight, Opinion, Congress, Business on February 16th, 2010 by Stanford Matthews

Even though many countries throughout the world largely blame the US for what was called the global financial crisis the greed responsible and regulatory incompetence that enabled excessive risk in financial markets has its roots where most massive failures do; the legislative halls of the US Congress and other such institutions around the planet. Those countries citing the US as responsible for their crippling losses are as guilty as anyone for gladly participating while everything was working out in that house of cards.

political follyInternational criticism and commentary aside there have been other suggested culprits throughout the long history of actions leading to the economic problems Americans now face. Senator Chris ‘Countrywide’ Dodd as well as sputtering Congressman Barney Frank are but two politicians connected to the banking industry. There are many more who helped themselves to the profits available in the mortgage industry during the run up to disaster and one such person is none other than Rahm Emanuel, President Obama’s Chief of Staff. The President’s choice for Secretary of the Treasury, Timothy Geithner, also has dirt on his hands from his tenure at the Federal Reserve Bank of New York.

During the initial reporting on such matters over the last couple of years the mortgage portion of the crisis included criticism that the Community Reinvestment Act was responsible for much of what happened. It was suggested that financial institutions were forced to extend credit for housing that borrowers were not likely to pay back.

Another culprit receiving criticism in recent years was the Securities and Exchange Commission or SEC. In the past this site featured press releases from the SEC describing the results of legal action against various types of fraud in the financial markets. Almost exclusively the outcome involved what essentially was profit sharing between the offenders and the government. Rather than ever seeing jail time the perps were merely barred from engaging in business in the financial markets and paying some amount of money to the SEC that no doubt came from the ill-gotten gains.

Testimony by former Fed Chair Paul Volcker has focused attention on what may be the single largest reason for problems in banking and Wall Street. The Banking Act of 1933 also known as Glass=Steagall was enacted to avoid problems within the banking industry that occurred then and are remarkably similar to what happened lately. Over the years various parts of the ‘act’ were repealed and some are calling for restoration of those limitations now.

You can do a search on the topic at your favorite engine. You will likely find information about the original safeguards and a repeal history. In addition, HR4375 is a bill sponsored by a Democrat and co=sponsored by nine more plus a Republican. The bill seeks to restore some of Glass-Steagall. Also Senators McCain and Cantwell are in the news claiming to want the same thing or something similar.

governing poorlyThis story and the items mentioned above point to the central theme of this post. Political rhetoric and ‘after the fact’ reactions are all too common. It is the evidence that proves what most of us already know about government and those who run it. They govern poorly allowing events to occur that could have been prevented. Where were all these people before the problems referenced here took place? Certainly most of them were in office before the so-called global financial crisis emerged.

The author of this blog supports restoring common sense in government. Like most expressing a personal preference for conservative principles and adhering to our nation’s founding documents Congress and the rest of government is encouraged to concur. And if in this particular case wisdom dictates restoring Glass-Steagall to its original form, please do.

It seems logical to accept the following idea. If the current economic turmoil is in fact the worst since the Great Depression and none has occurred since Glass-Steagall until certain portions of it were repealed then restoring the original legislation is prudent.

It would be helpful to all involved if those in government could produce a series of consecutive actions that can be applauded universally as successful and impressive. At least then citizens could be reassured that it IS possible for government to do something right. There is currently little evidence to suggest that is the case.

Stanford Matthews
MoreWhat.com

A $3.8 Trillion Budget: No, Mr President

Posted in Public Affairs, Money Matters, Health, Education, wordpress, Politics, GOP, Democrats, conservative, liberal, News Media, lobbyist, disclosure, ethics, oversight, obama, Opinion, Medicare, Congress, Business, Legislation on February 1st, 2010 by Stanford Matthews

political follyTransparency and accountability have been a focus in the long battle to defeat liberal control of healthcare in the United States. While the antiseptic qualities apply, described in the phrase, sunshine is the best disinfectant, public demand to review healthcare reform legislation and have input is key. President Obama’s release of his budget proposal for 2011 which begins in October requires the same scrutiny and public focus.

Are you kidding me? A three point eight trillion dollar budget ($3.8 trillion) is not what the doctor ordered. Just as the Democratic party and their agenda is on life support so is the US economy. Given that the vast majority of federal budgets are entitlements and discretionary spending this budget number is preposterous. Like the stark reality being experienced by the unemployed and under-employed the White House and Congress need a wake up call.

The plan includes big increases in personal and business taxes, modest spending cuts and increased outlays for education, defense and jobs initiatives.

First of all, tax increases are nonsense in this economy. Second, modest spending cuts are equally ignorant. As for education, sure, it is important. But the simple fact that everyone will have to suffer includes education. So your college plans are postponed for a year or two. Join the Peace Corps or something. And why do we think education can only be improved by spending money. That hasn’t improved student or teacher performance yet.

Cutting more entitlements would certainly help paying for any defense needs. And who the hell needs a jobs bill now that needs to be paid for over ten years? $80 to $100 billion over ten years for government make work jobs? That’s ridiculous.

And enough with the future timelines for reducing spending, deficits and the national debt. Do it now. Right now, in this budget in this year turn the corner and halt the damage being done by government malfeasance. As an ending note to this post Lamar Alexander put it best in describing current politics in Washington.

Sen. Lamar Alexander (R., Tenn.), appearing on the same program, praised Mr. Obama for talking about spending and tax cuts, but said his ideas were flawed. “I’ll give the president some credit,” he said. “He’s in the right church but the wrong pew.”

Stanford Matthews
MoreWhat.com

BTW, following links to the WSJ articles is worth the trip.  And so is the following link.

Debt deluge: Here comes the $1.6 trillion flood of red ink (Michelle Malkin) 

Thomas Sowell: A Lesson on Obamacare

Posted in Public Affairs, wordpress, Politics, Democrats, liberal, ethics, Opinion, Congress, Legislation on December 29th, 2009 by Stanford Matthews

Arrogance: Obama, Biden, PelosiThomas Sowell’s take on the liberal obsession with healthcare reform and the true intentions for passing flawed legislation exposes what may be the fatal flaw to Barack Obama’s first term as President. It is expressed in the title, ‘Unhealthy Arrogance.’

A case in point on President Obama’a arrogance from this week’s news is his characterization that the terrorist on Flight 253 is an ‘isolated extremist.’ Similar to that expression is the Obamanation effort to label the loyal opposition of the grassroots variety, meaning the public at large, as violent right wing extremists. This arrogance can translate to dangerous in pursuit of his agenda and some bizarre legacy.

If you’re unfamiliar with Thomas Sowell’s work the following references are provided. Otherwise you can follow the linked excerpt below to read the current article.

Stanford Matthews
MoreWhat.com

Thomas Sowell’s bio at the Hoover Institution

Thomas Sowell’s website

excerpt and link to the current article….
In short, this is not about improving the health of the American people. It is about passing something — anything — to keep the Obama administration from ending up with egg on its face by being unable to pass a bill, after so much hype and hoopla. Politically, looking impotent is a formula for disaster at election time. Far better to pass even bad legislation that will not actually go into effect until after the 2012 presidential election, so that the public will not know whether it makes medical care better or worse until it is too late for the voters to hold the administration accountable.

No Need to Worry about US National Security

Posted in Public Affairs, Terrorism, war, wordpress, Politics, Lieberman, oversight, United States, Aviation, obama, Foreign Affairs, Congress, Border Control, 9/11, Sen Susan Collins on December 28th, 2009 by Stanford Matthews

US homeland securityBarry from DC’s homeland security princess, Janet Napolitano, first stated the US national security system worked in referring to an attempt to detonate explosives on board a US airliner landing in Detroit on Christmas. Today she is stumbling over herself to produce damage control for her previous appraisal. No doubt this is taking place at the ‘urging’ of others in the Obamanation.

But let’s not focus only on the Obama Administration’s reaction to a failed terrorist attack. Failed only because the terrorist fortunately botched the assignment. Members of the US Congress are equally disappointing in their response to the event.

from the House Committee on Homeland Security…..

The reported act of terrorism – whether directly related to al Qaeda or not – and the response to it will be the focus of an oversight hearing next month. The Committee will get to the bottom of what did and did not happen with Mr. Abdulmutallab and what security precautions need to take place in the future.

from the Senate Committee on Homeland Security….

WASHINGTON - Homeland Security and Governmental Affairs Committee Chairman Joe Lieberman, ID-Conn., and Ranking Member Susan Collins, R-Me., announced Monday that they would convene a hearing in January to examine the layers of security meant to protect airline passengers from terrorist attacks but which accused terrorist Umar Farouk Abdulmutallab successfully evaded.

Hearings scheduled for January!!! So this is how are fine leaders respond to dropping the ball on national security. Not to worry folks, your elected and appointed leaders are on the job. They’re not concerned enough to interrupt their Christmas and New Year’s plans to deal with security breaches so you should not worry either. Just continue as before….. clueless.

Stanford Matthews
MoreWhat.com

Open thread: Obama’s statement on the Christmas Day jihadi attack; Perfunctory, hasty, and bloodless (Michelle Malkin)

This Fight Isn’t Over

Posted in Health, wordpress, youtube, Video, Medicare, Congress, Legislation, Mitch McConnell on December 28th, 2009 by Stanford Matthews

Dec 24 2009


Democrat Health Spending Bill: ‘A departure from history’

Posted in Health, wordpress, youtube, Video, Congress, Legislation, Mitch McConnell on December 27th, 2009 by Stanford Matthews

Dec 21 2009