First, I have to say how warm
my heart became watching
Newt Gingrich's speech on
Friday to CPAC where he
issued a challenge to U.S.
Attorney General Eric Holder
to debate him in Detroit, MI.
Either Newt read my last
post here, or, as more likely,
great minds think a like!  On
to new business!

The business of America is
business!  This week, however,
we have witnessed a further
assault on business, on free-
dom, and Capitalism, by the
President, Barack Obama. In
a series of speeches, he has
launched new waves of attack
on the means of prosperity.

On Monday, he held "breakout
groups" at the White House on
reducing spending and making
government more efficient.  A-
mong his invited guests were
none other than tax-cheat and
Ways & Means chairman, Rep.
Rangel of NY.  Now there's a
true expert on government
waste!  In a nutshell, the whole
exercise was a waste of time,
which truly annoyed me as it
preempted Neil Cavuto post-
market show!  Hehehe!

One interesting point came out
of the mouth of John McCain
during the post-breakout group
therapy session.  It seems that
some $11 Billion tax dollars are
to be spent on purchasing a
fleet of 24 helicopters to shuttle
our dear President around.  All
this as Obama plans to scrap
the F-22 Raptor program as an
unnecessary expense.  I guess
having the best airplane ever
built defending America is not
as important as Obama's new
ride, which cost more than
the two converted 747s used
as Air Force One.

We also learned on Monday
that our friends in Congress
were preparing to vote on a
$410 Billion spending package
loaded with nearly 9,000 ear-
marks to feather their Congres-
sional nests with. These in-
clude a museum for Buffalo
Bill and a program to rid pigs
of foul odors.  LOL!

Tuesday, Obama then gave
a speech to a joint session
of Congress wherein he had
claimed that neither his pre-
vious stimulus/spending bill
of $878 Billion, nor this new
$410 Billion dollar package
had any pork in it.  He went
on to add that while the era
of Big Government had re-
turned, he intends to reduce
deficit spending down from
$1.4 TRILLION this year to
a mere $500 BILLION by
the end of his first term in
2013.  HALELUJAH!!!

The media made a full court
press glorifying Obama as
the new Reagan for his quest
to be fiscally responsible. But
come Thursday, Obama un-
leashed his budget for 2010
which shatters the records
and weighs in at $3.6 TRIL-
LION dollars!  His budget
includes plans for Phase One
of universal health care and
college for all.  It also lowers
the amount of tax credits
people can deduct for things
like interest on mortgage
payments and contributions
to charities.

I suppose Obama figures that
you'll be contributing enough
to the Uncle Sugar Fund so
that private charities are no
longer needed.  Obama's new
budget also increases the
tax rates on capital gains, and
the marginal rates for all those
whom earn over $209,000
individually or couples who
earn over $250,000 per year.
The much anticipated tax
break for the middleclass is
a breath-taking $8 per week!

Unfortunately, the middleclass
will be subject to new carbon
taxes, which will be tacked on
to people's utility bills and at
the gas pump.  So kiss that $8
goodbye.  He also intends to
reduce, if not eliminate the
Earned Income Tax Credit
which helps low-income work-
ers and middleclass families
with children.  What A Guy!

Obama's new tax rates will
impact small businesses the
most.  Already, the media is
making attempts at down-
playing the fact that it's small
businesses that employ about
70% of new employees.  Also
in his budget are goodies like
paying for the slaughtering of
livestock to keep food prices
high and for the removal of
gang-related tatoos.  Again I
say, What A Guy!

So Obama's plan for America
is to make home ownership
more difficult, food and energy
more expensive, and invest-
ment and hiring employees
less attractive.  And this helps
our economy how???

I suppose if your line of work
is removing tatoos or shooting
livestock, you will be grateful
for the new budget.  But if you
work for a charity, a company
involved in the housing or
health care industry, or any
small business, all of which
probably accounts for around
50% of our GDP, then I'm
afraid that you're out of luck.

Needless to say, the financial
markets took huge hits this
week, making this February
the worst ever since 1933
with losses of some 12.5%.
And I haven't even gotten to
TARP-2, which will blow an-
other $750 Billion to prop up
banks and the toxic mortgage
problems, or another stimulus
package which is due around
April.  I think it's safe to say
that the current $1.4 TRILLION
dollar deficit will be blown out
of the water, if not the solar
system, before all is said and
done.

Some analysts say that in the
40 days since taking office,
Barack Obama has committed
American tax payers to spend
more of their money than all
previous government spending
from 1776 right through the
day Obama was inaugurated.
Think about that!  We’re going
to be spending more money
than America has in it’s entire
history, including World War 2!
Can you say “train wreck”???

Obama and his liberal allies
are bound and determined to
overdose American citizens
with government largess on a
scale that FDR and LBJ com-
bined could never have ima-
gined.  And, despite the in-
crease in taxes on the wealth-
iest 2%, or even 5% of the
country, even if the govern-
ment confiscated 100% of
what they earn, it still would
not be enough to pay for it all.

Obama and his liberal cohorts
are enslaving future genera-
tions with debts that cannot
possibly ever be paid.  With
the anti-business, anti-market
policies and regulations that
they are unleashing on our
economy, these debts will just
pile up as our GDP shrinks
and stagnates.

The good news, if any, is that
there are already some signs
that the American people are
losing faith in Obama.  Friday
saw rallies of ‘Tea Party’ pro-
testors in several major cities.
But the real question now is
can we hold the line till 2011
should and IF the Democrats
lose their majorities in either
houses of Congress?  Could
such a change put the brakes
on in time before the dollar
collapses and hyper-inflation
rears it’s ugly head?  

Keep in mind that the primary
reasons are economy is suf-
fering now stems from the
actions of the Clinton admini-
stration between 1993-94.
Just the Community Rein-
vest Act and the lack of
seriously dealing with Al
Qaeda after the first bombing
of the World Trade Center
has probably cost us some
$10+ Trillion tax dollars al-
ready, not to mention dozens of
more trillions in loss wealth and
economic stability, plus several
thousand American lives, too!
So we face some tough times
and who knows what the final
tally on our blood and
treasure will be from Obama’s
first 40 days?

This past week, our new U.S.
Attorney General, Eric Holder,
gave a speech where he said
that when it comes to discuss-
ing racial issues, Americans
are cowards.  Nice blanket
statement if there ever was
one!  Sad truth is that he is
correct, but for the wrong
reasons.

Most Americans are afraid to
discuss racial issues because
they may be accused of being
a racist.  Even when someone
like Bill Cosby, himself an
African-American, who grew up
in a ghetto and has the 'street
cred', comments that the A-A
community needs to accept
more responsibility for their
situations, he is vilified.  So,
what hope do the rest of us
have to speak frankly without
persecution?

I, myself, have been consider-
ing for several weeks now to
write an article about why I
believe President Obama's
policies will turn America into
Detroit.  Until now, I hesitated
writing this since I figured that
the knee-jerk response would
be that I was being a racist
for saying such a thing.  But
after Holder's remarks, I can
no longer hold back my tongue.

My position on why I think that
Obama will turn America into
Detroit has nothing to do with
the fact that he is a black man,
or that Detroit is about 80%
black by population.  No, it
has to do with liberal Democrat
ideology.  But, since who in the
world can possibly argue
against liberal Democrat ide-
ology, the first inclination for
some would be to tag my
opinions as racist.

Detroit is a showplace for
liberal Democrat ideology.
The city has been run by
liberal Democrats for ages.
It doesn't matter what race
they are, or even the race
of the population.  The end
results would be the same.

The city is ripe with cronyism
and corruption.  It's govern-
ment placates to the major
unions, such as the UAW,
AFSCME, and AFT.  The
teachers' union are real
barriers or progress in the
city.  Only one in four children
graduate from high school.
THINK ABOUT THAT!!!
How in the world can Detroit
compete in a global market
with only 25% of it's children
earning high school diplomas?

Overall, the adult illiteracy rate
is over 50%.  Nearly two-thirds
of the city is on some sort of
government assistance.  The
unemployment rate in Detroit
is much higher than the nation-
al average.  Amongst A-A
men under 25 years of age,
it's around 33%!

And yet, all we hear, every
election cycle, is how the only
solution to Detroit's woes are
to throw more money at it.
The city has declined from
a population of over two mil-
lion to barely 900,000 over
the last four decades.  We
are now facing a third gener-
ation of Detroiters whom have
never known prosperity.  Who's
daily routine is dodging crime
in rundown neighborhoods
with half the homes empty or
reduced to empty lots.

Detroit is the legacy of liberal
Democrat ideology.  But to
criticize it's management is
to suffer the wrath of being
called a racist.  Just as when
South Carolina's Governor,
Mark Sanford spoke out
against Obama's spending
pork-a-thon bill, Sanford was
called a racist by Congressman
James Clyburn.  Fiscal respon-
sibility had nothing to do with it
in Clyburn's mind.

In this era of political correct-
ness, we must tip-toe softly
or just remain silent.  Other-
wise, we suffer the slings and
arrows of outrageous misfor-
tune.  Obama's response to
our economic problems is to
merely throw bushels of cash
at it.  Not back-engineer the
problem to see what caused
it in the first place, and then
fix the problem.  We'd be much
better off if the next stimulus
bill were written by members
of the NTSB.  At least they
know how to solve an accident!

Obama's plan is to just keep
pumping cash down the same
rat-holes that we have been
pouring money into since the
Great Society of Lyndon B.
Johnson.  And what has that
gotten us?  I'll tell you what
it has gotten the African-
American community.  Per-
petual poverty, shattered
family structure, and the
genocide of millions of the
unborn.  A-A babies are
aborted at nearly triple the
rate as Caucasian babies.
Where is the outrage from
Clyburn and others about
that I ask you?

But no, we cannot be critical
of such things.  After all, it's
part of liberal Democrat ide-
ology.  They sure mean well,
don't they?  Their intentions
are good and honorable.  
About as honorable as those
of Brutus and Cassius!  LOL!

So yes, Mr. Holder, we are
cowards.  We are afraid to
speak openly of the awful
truth that has plagued the
African-American community.
Of the great evil that the
Socialist agenda of liberal
Democrats has inflicted upon
it.  The same agenda, the
same ideology, which you
and President Obama sub-
scribe to.

It has been difficult to find any
good news about the economy.
One must really dig deep to
locate some.  But there are
some good signs, not many,
but some.

January's numbers for retail
sales was up 1% from last
year.  WOO-HOO!  This is
even before people get there
stimulus checks.  Mostly, folks
took advantage of the post-
Christmas bargains.  But up
is always better than down,
so REJOICE!

Another 'hopeful' sign is that
purchases of new homes in
Florida are up 13% from last
year.  True, sales nationwide
are still anemic.  But the re-
covery HAS to start some-
where and perhaps the Sun-
shine State will lead the way!
Some reports show that the
excess housing inventory in
Florida may be as low as just
six-nine months, half or less
than the national average.  
Until the housing market does
bottom-out, there will be no
sustained growth.  

Perhaps less innocuous are
reports from several travel
agencies which handle ‘spring
break’ packages for students
show a 10+% increase in
vacations being booked.  Top-
ping the list of favorite destina-
tions is Cancun, Mexico.  I’ve
have said before that if you
want to stimulate the economy,
give extra money to those in
the under 21 year old bracket.
They LOVE spending money!
Give everyone between 13 and
21 a quick $10,000 and they’ll
prime the pump quickly.

I would like to say that the
stock market has essentially
bottomed out, but I think the
tale is yet to be told on that
one.  Everytime President
Obama or one of his tax-
dodging lackeys opens his
mouth, the Dow Jones drops
another 300 points.  As it
did today, despite Obama
signing the Porkathon spend-
ing bill into law.

Speaking of which, I am
amused that one report has
the spending package only
giving the average taxpayer
some $13 a week in extra
cash.  Was it not Obama,
during the campaign, who
criticized McCain and Clinton
for their proposals for a gas
tax holiday because it only
saved taxpayers $50 a month?
I suppose Obama thinks his
plan is better since it gives
them $52 a month.  LOL!

The stock market looks to still
be on shaky ground.  While it
has hovered the 8,000 mark
for a while now, recent sell offs
have dropped it to the 7,500
range.  Today’s drop of nearly
300 points is interesting due to
the light volume of trading.  Not
a good sign.  But I won’t push
the PANIC button yet.  Should
the Dow stay above 7,000 till
the end of the 2nd Quarter,
even with the potential demise
of an auto company or two,
then we may have seen the
worst already on Wall Street.

Another GOOD sign is that
oil is still cheap.  Given all that
is happening now, another big
spike in prices like last summer
would be a very bad thing.  
However, a moderate increase,
back to the $50-75 range,
might actually turn out to be a
good sign that demand is up.
The more demand, the more
activity in other sectors. But
for now, cheap oil may be
the cushion we are looking
for in the economy reaching
it’s bottom and begin to grow
again.  Let’s hope the idiots
in Washington do not use it
as an excuse for raising taxes!

The real end to the beginning
will be when the ‘toxic assets’
are finally dealt with.  Thus far,
the first sale of such assets,
namely Lehman Brothers
old credit default swaps, only
earned 9% of ‘face’ value.
We’ll see what happens when
all of those mortgage tranches
from Freddie Mac and Fannie
May start to be sold.

Now I understand what
President Barack Obama
meant when he said he was
going to create "green jobs".
The 'stimulus/spending' bill
working it's way through the
U.S. Congress has funds to
build putting greens, groom
greens, mow fairways and,
of course, hire caddies.  I
have to wonder how does
one caddy at a Frisbee golf
course, like the one proposed
to be built in Austin, Texas?
I can see Bill Murray now,
caddying for the Dalai Lama,
as his Holiness's Frisbee
careens into a 10,000 foot
crevice.  "Gunga, Gagunga!"

Speaking of mowing lawns
as a new Federal-sponsored
career, let us not forget the
$20,000,000 for new sod for
the National Mall, which was
badly torn up by revelers at
Obama's inauguration.  The
plan also calls for new flush
toilets for the Mall, too, plus
improving three golf course
in the District of Columbia.  
Another vital, job-creating
item in Obama's economic
stimulus package is for a
butterfly garden in Boynton
Beach, Florida.  I can see how
that would create many jobs!
NOT!!!

Last night, the U.S. Senate
concluded their negotiations
and reached an agreement on
their version of the spending
package.  It will weigh in at
around $827 Billion dollars,
once items already voted for,
such as $2 Million dollars of
neon lights for Las Vegas,
are added into the package.
The Senate is expected to
vote on their version by
Tuesday, then it will go into
conference with members of
the House as they prepare a
compromise bill.

With this spending bill, we have
been introduced to a new term,
"shovel-ready".  The reason for
all of these bike trails, golf
courses, ATV parks, and even
butterfly gardens, is that they
are projects various local and
state governments already
have a desire and plan to build.
They just need the cash to get
started.  Real, genuine, infra-
structure projects, like roads,
bridges and such, will take
years to plan and build.  Just
look at the last major Federal
infrastructure project...
Boston's 'Big Dig'.

Facing ever more congested
traffic on I-93 through down-
town Boston,  the 'Big Dig'
was projected to relieve the
flow of traffic.  The project was
developed beginning in 1982
and was not completed until
late in 2007.  The 3.5 mile-long
tunnel underneath Boston was
originally projected to cost $2.8
Billion dollars.  It would up
costing nearly $15 Billion, and
once you add the interest to
the bonds which partly funded
the project, the final number
will be closer to $22 Billion.  It
will not be fully paid for until the
year 2038.

This is a classic example of
Federally funded projects in
our modern age.  This isn't
China, where a group of com-
misars decide something
needs being built and organize
gangs of thousands of workers
to build whatever it is in a year
or two.  After, of course, up-
rooting anyone who happened
to be living there, be they
human or beast.  In China,
there is no EPA, no Sierra
Club, PETA, Audubon Society,
etc.  Any protest groups who
stand in the way of a project
in China get run over by tanks.

The 'Big Dig' in Boston was
first conceived in the early
1970s.  Nearly a decade of
haggling took place before
the actual plan was finally
ready.  Another decade passed
before the first shovel hit the
dirt in 1991.  This is how
Federal infrastructure projects
are conducted here.  So if
anyone thinks that this so-
called stimulus package is
going to create a bunch of
real, long-term jobs, they
need to put the crack-pipe
down and get a grip on
reality!

Now we know why Democrats
don't mind raising taxes on the
American people...

Because they don't pay them!
HAW-HAW-HAW!!!

After months of the Media tell-
ing us how smart and amazing
Barack Obama is, how he will
bring change to Washington,
how his will be the most ethical
government, how in-depth his
vetting process will be for his
staff and cabinet, we are now
left with serious questions.

New Mexico Governor Bill
Richardson was the first
faux-paux of the Obama
administration when he had
to withdraw his appointment
as Commerce Secretary due
to an on-going pay-to-play
investigation in his state.  Then
we have Tim Guithner who
came under scrutiny after
being appointed as Treasury
Secretary and failed to pay
pay-roll taxes and had issues
with employing an illegal immi-
grant.  Guithner was confirmed
anyway by the U.S. Senate
since they claim that he is the
ONLY MAN in the WHOLE
world who can fix the economy.
This despite overseeing the
collapse of Lehman Brothers
and having no clue how to
use Turbo-Tax.  LOL!

Obama promised no lobbyists
would be hired by his admini-
stration, but sure enough, they
were.  His man tapped to be
Assistant Secretary of Defense
was a lobbyist for Raytheon,
who make a wide range of
products for the military, includ-
ing the Patriot missile.  Others
appointed for secondary slots
are turning out to be lobbyists.
The Number Two man for the
Justice Department has a long
list of associations with the
ACLU defending pornography,
lobbying for Playboy and fight-
ing restrictions at libraries to
prevent access of pornography
to children.  HMMMM!

Then we come to Tom Daschle
who we come to learn is a two-
for.  Not only did he fail to pay
over a $100,000 in taxes for
money and perks earned as a
consultant, he was a consultant
to a health care lobbying group!
Kind of nice to be appointed as
Secretary of Health and Human
Services with those credentials.
We also learned this week that
Nancy Killefer, who was tapped
to be the 'performance officer'
and oversee efficiency in the
government wasn't very effi-
cient about paying her taxes!

All of this comes after a bad
week for Obama where his
massive spending bill, which
he disguises as a stimulus
or jobs package, has come
under fire for too much pork.
Billions of dollars are to be
wasted on projects like in-
suring honey bees and build-
ing Frisbee golf courses.  The
average cost of each job
allegedly to be created by all
of this spending is around
$200,000 a piece.  Most of the
new jobs are short term, how
long can it possibly take to
build a Frisbee golf course, and
much of the real spending on
infrastructure, like roads and
the power grid, won't come
until next year or even later.

Obama keeps pumping the
fear game, stating that his
spending bill MUST be passed
immediately to save the coun-
try!  House Speaker Nancy
Pelosi says that without the
$800+ Billion dollar package,
"500 Million Americans will
lose their jobs!"  Ummm, I
guess she's counting all of
those who live in the 57 states?
LOL!!!

White House mouth-piece,
Robert Gibbs, is absolutely
the worst press secretary in
U.S. history!  His press brief-
ings are ridiculous and he has
no clue about anything.  But
Gibbs does his best to gloss
over all of the errors Team
Obama have made thus far.
The effect of all of this s that
so far, the Obama administra-
tion looks more like "Romper
Room" than even an awful
episode of "West Wing".

Gitmo is being closed, even
though no plans have yet to
be made for what to do with
the dozens of bad apples
detained there.  65 released
by Bush returned to a life of
terrorism.  Obama has also
rescinded Bush's executive
order banning the use of
Federal money to fund abor-
tions and birth control.  Again,
that brilliant woman, Nancy
Pelosi, defended the change
since we all know that babies
are bad for the economy.
LOL!  Hope the Democrats
can still sing that tune when
Social Security tanks out due
to a lack of people paying
taxes.

All in all. our country is going
deeper into debt with the eco-
nomy stalled.  Other nations
are taking advantage of the
weak leadership we now have.
Russia announced this week
that they will no longer allow
us to use bases in Krygyzstan
to supply our troops fighting in
Afghanistan.  So much for
Obama's plans to reinforce
our efforts there.  China has
stated they will no longer buy
Treasury bonds which fund
our national Debt.  Other
world leaders are talking about
ending the use of U.S. dollars
for trade, such as for oil.

When you strip away all the
politics and ambiance, the
President of the United States
has really only two functions.
Defend the nation and sell T-
bills.  Obama does not appear
to be up to doing either of
these.  His solution to our
economic woes are to spend
billions of dollars will-nilly on
useless projects that will not
create any real jobs.  If you
think things are bad now, you
ain't see nothing yet!