JusTalkin

On the way home from work today I was listening to Foxnews on XM and Beck played a part of one of Obama’s speeches.  He was talking about his desire and plan to fundamentally change America.  Now I know what I think he means by that and I really don’t like losing more freedom, and income, because of his wishes.  He really doesn’t get it just as the rest of the so called progressives don’t.  We need a fundamental change in leadership and more importantly a fundamental change in politics in America.

Sorry, Mr. President, there’s nothing wrong with the country.  It’s guys like you who spout off about how we dumb Americans just don’t get understand your brand of socialism that are the problem.  I’ll have to agree that far too many Americans don’t know their left from their right and their rights from their protections.  The problem is that many of us do understand the problem and are becoming more vocal as you, Mr. President, take more and more freedom along with more and more money from individuals.  The fundamental problem for you is that far to many of us do get it for you and your kind to be happy.

While I don’t agree with Objectivism as Ayn Rand does, I do believe that the basic premise of “Atlas Shrugged” is based on sound principles.  When you remove the incentive for producers to produce, they will stop producing.  History proves it over and over again.  If you haven’t read “Atlas Shrugged“, you should.  It’s very long but very well worth the time it takes to read it.

The demise of the dollar - Business News, Business - The Independent.

Friends, eh?

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.

The plans, confirmed to The Independent by both Gulf Arab and Chinese banking sources in Hong Kong, may help to explain the sudden rise in gold prices, but it also augurs an extraordinary transition from dollar markets within nine years.

Lawmakers Discipline SC Congressman Joe Wilson

Just another huge waste of time.  The economy is still in the tank and Congress takes time to stage a political stunt instead of finding ways to get out of the way of the free market to allow it to right itself.  So what’s new, right?

At least Joe left his cane at home.  These South Carolina representatives really should learn to control their tempers.

Fact Sheet: America’s Uninsured.

Fact: Nearly 10 million (9.7) of the 45.7 million uninsured are “not a citizen.” That makes every media claim of uninsured Americans higher than 35.9 million is wrong.

Myth: The 40 million to 50 million uninsured cannot afford health insurance.

Fact: More than 17 million of the uninsured make at least $50,000 per year (the median household income of $50,233) – 8.4 million make $50,000 to $74,999 per year and 9.1 million make $75,000 or higher. Two economists working at the National Bureau of Economic Research concluded that 25 to 75 percent of those who do not purchase health insurance coverage “could afford to do so.”

Myth: The 40 million to 50 million uninsured do not get health care.

Fact: The National Center for Policy Analysis estimates that uninsured people get about $1,500 of free health care per year, or $6,000 per family of four.

Fact: An Urban Institute study found that 25 percent of the uninsured already qualify for government health insurance programs.

Myth: People will remain uninsured without government assistance.

Fact: The Congressional Budget Office says that 45 percent of the uninsured will be insured within four months. CBO Director Douglas Holtz-Eakin also said that the frequent claim of 40+ million Americans lacking insurance is an “incomplete and potentially misleading picture of the uninsured population.”

Fact: Liberal non-profit Kaiser Family Foundation put the number of uninsured Americans who do not qualify for government programs and make less than $50,000 a year between 8.2 million and 13.9 million. (The 8.2 million figure includes only those uninsured for two years or more.)

Fact: CBO analysis found that 36 million people would remain uninsured even if the Senate’s $1.6 trillion health care plan is passed.

Director’s Blog » Blog Archive » The Long-Term Budget Outlook.

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy.

But they are pushing it through anyway.  NOW IS THE TIME TO ACT. CALL YOUR SENATORS AND REPRESENTATIVES.  Otherwise they will let it pass and the US economy will ultimately collapse under its own weight; the weight of Obamas socialist agenda.

Mr. Popular? Ron Paul Wins Supporters to Fed Sunshine Bill

Paul, as of Tuesday, has won 245 co-sponsors to a bill that would require a full-fledged audit of the Federal Reserve by the end of 2010.

If this passes, which I sincerely hope it does, I will be very surprised if we actually get transparency.  There’s too much fuzzy math and hidden money transfers that will never see the light of day.  I’d hate to be one of the unlucky few who are tasked with messing with this dangerous group.  They control the money, so they have tremendous powers to “persuade”.

House passes energy overhaul bill 219-212 - CNN.com.

Make no mistake.  This will INCREASE unemployment as companies already on the brink now have another reason to move overseas where you can pollute as much as you want without consequence.

I like clean air as much as the next person.  I also like being able to work, pay my bills, and feed my family.  Obama’s crew is coming up with new ways every day to drive this country into its grave.  This is just another nail in the coffin.

Raising taxes on struggling companies and raising the cost of energy for every American is not the way to create jobs.  Obama is on some kind of power high that makes him think he can do no wrong.  That is partially the fault of the media and Americans who are still drunk from his becoming president.  Get over it and look at what he’s doing to the economy.  The government does not create jobs.  It cannot create jobs it can only take them away by passing legislation like this.

God help us.

Unemployment hits record 12.1 percent

South Carolina’s May unemployment rate again soared, reaching 12.1 percent from a revised 11.4 percent in April, according to the state Employment Security Commission.

Greenville County reported a jobless rate of 10.2, jumping from 9.4 percent in April. In May, 23,576 people were out of work and actively searching for a job. That number does not include discouraged workers who have given up the search and part-time employees who would like to work full-time.

Nationally, the unemployment rate hit 9.4 percent in May, a sharp increase from 8.9 percent the previous month.

Although the state labor force increased by 7,542 people, all the gain occurred in unemployed workers.

The state has lost a net 90,300 jobs in the past 12 months.

So why are unemployed workers moving to South Carolina and further increasing our unemployment rate?  Many, even South Carolina Governor Mark Sanford, say that it’s because the cost of living is a lot lower here than in many of the northern states.    So it’s easier to survive with no income in SC than in NY or MA.  Go figure.

It’s the end of healthcare as we know it. We simply cannot afford it AND government run healthcare means innovation will die along with many more patients.

June 12 (Bloomberg) — Health-care overhaul legislation being drafted by House Democrats will include $600 billion in tax increases and $400 billion in cuts to Medicare and Medicaid, Ways and Means Committee Chairman Charles Rangel said.

Democrats will work on the bill’s details next week as they struggle through “what kind of heartburn” it will cause to agree on how to pay for revamping the health-care system, Rangel, a New York Democrat, said today. The measure’s cost is reaching well beyond the $634 billion President Barack Obama proposed in his budget request to Congress as a 10-year down payment for the policy changes.

So you take an economy that’s in shambles and add more debt and taxes to those who are still working and employing people.  What a wonderful way to begin the socialization of the economy.  Make everyone dependent upon the government for healthcare and aid for food since you’re taxed into the poor house.  Brilliance Komrade Obama! Brilliance!

Key House Democrat Wants More Government Say in Executive Pay

Rep. Barney Frank says excessive compensation packages for top corporate executives played a key role in the country’s financial crisis, and he wants to reign in that pay.

“I believe that the structure of compensation has been flawed,” the Massachusetts Democrat said while chairing a House Financial Services Committee hearing on Thursday.

Frank wants to develop guidelines for compensation practices, and not just for companies receiving government bailout dollars. Frank argues the problems is much wider.

Hmmm, now it seems that I’ve heard this somewhere before…