Saturday, July 31, 2010

$6 Million Of Taxpayer's Monies Wasted

Connecticut Taxpayers do not have representation in Hartford. We have instead taxation without representation. We have a massive state deficit which now throws away an additional $6 million dollars of taxpayers monies on a liberal, wasteful, non productive Utopian political program which does not nothing to balance or make more competitive campaigns in our state. It is obvious if one is running for a national or high state office one needs to be wealthy. And then invest a great deal of that wealth in buying the position he or she wishes. It is comical. The Citizens' Election Program is a waste of time and money and does nothing for our state except to keep in power the economically illiterate Democratic super majority. We need this law to be repealed and for it top stop wasting our money. Connecticut is basically bankrupt. Democrats in Hartford need to understand this and that they are the cause of our economic debacle also.

Tuesday, July 27, 2010

Where Is Connecticut Headed?

Where is Connecticut headed? What path is being taken given the upcoming election? It seems like the Democrats here in our state are taking credit for a supposed robust economy in which spending has been cut to the bare bones, unfunded liabilities have all been accounted for and jobs are plentiful. In their Utopian state, excessive wasteful patronage spending does not exist, our young fight to stay in state and our tax rate is one of the lowest in the country. Their lies are comical. Just listen to their candidate for Secretary of State Denise Merrill and her irresponsible fiscal rhetoric about what her party has done in past years. Or listen to their ultra liberal tax and spend candidates for Governor who are now supposed fiscal conservatives-there is not a dimes worth of difference between Lamont and Malloy-both are equally unqualified to serve. How many Democratic Representatives and Senators are running away from their votes to increase spending and taxes year in and year out at the time of election? Connecticut is headed to further fiscal and economic turmoil and ineptness with continual votes for Democrats in office in Hartford. We can not afford economically the failed fiscal policies of the Democratic party in our state any longer.
We need private sector jobs, lower taxes, lower state spending, economic growth and real leadership.
In 2010 we need to vote Republican for real change in Hartford.

Wednesday, July 21, 2010

Why Excessive Bank Fees?

In my economic opinion banks are no longer user friendly. There are now making a large profit at the expense of taxpayers and consumers. Their fee structure is excessive considering banks do not offer any incentives to grow their customer’s savings and help them create wealth. Bank consumers need to be aware of this and not go blindly into their personal finances at 0.01% interest. This to me creates a disincentive to save. The value of your deposit is non existent due to this negative savings rate coupled with massive fees that banks charge you for your various accounts and transactions.
Now add to this a financial reform bill which further insults bank customers and will make it even more difficult to create new wealth in our economy.
The financial industry and this Administration has declared war on the investment and savings consumers and the net result will be a further decline in our economy due to the disincentives to save and invest. Thus what is the point of this policy? To help preserve old wealth, old banking mentality and old politicians who can control it with economically illogical laws, rules and fees? All of these areas harm the banking and investing consumer. Why?

Saturday, July 17, 2010

A Financial Reform Bill That Does Not Reform Anything

I have to hand it to Barney Frank and Chris Dodd, they both know very little of our economic and financial systems. They know how to get paid for non productivity through taxpayer's monies for an eternity. They know how to manipulate campaign finance rules to get free money from the same companies they condemn and crucify (I guess shake them down for it). They know how to manipulate the press to their advantage although more and more citizens choose to ignore the mainstream media and their liberal bias. They know how to as in Chris Dodd's case get an illegal sweetheart mortgage that normal bank customers could not get. And they both know how to help screw up our free market financial system through a 2,300 page law that truly makes no economic sense in any way, shape or form.
As with everything in the Obama Presidency just throw something together like a failed economic stimulus, a failed nationalized health care plan and now a failed financial reform law, shove it down taxpayer's throats and then campaign to sell it the public. Just keep wasting time, taxpayer's monies and American economic freedom.
What a pathetic economic debacle we are witnessing compliments of the Obama Administration and a Democratic Congress.

Tuesday, July 13, 2010

0.01% Interest Rates

I have studied economic history for many years now. In our economic history there have been many credit crises. Each one has been marked by some sort of speculative economic issue that has taken place to help cause it, this past one by the subprime debacle.
Today 0.01% interest rates are currently being paid on many savings and checking accounts. And the banks are borrowing from the Fed at 0% interest and reinvesting that money in Fed/Governmental securities at 2-3% while they do not wish to lend money out nor pay more than .01% on savings/checking accounts. I have a severe issue with this especially when banks are not lending money out especially to small businesses. Why are they not lending money to the backbone of our economy?
The banks and Fed are in my economic opinion doing a great job in prolonging our recession along with an economically illiterate Congress and President. Consumers should be fleeing banks as fast as they can given this negative interest rate. They should be flocking to Credit Unions. And the supposed financial reform does nothing to reform our financial system, it is a half baked fantasy of Chris Dodd and Barney Frank, both who were equally responsible for the subprime crisis.
0.01% interest, have you had enough?

Tuesday, July 06, 2010

The Health Care Spin By Rosa DeLauro Or Why You Should Vote For Jerry Labriola

Rosa DeLauro must be running for reelection as can be seen by her recent propaganda piece on the recent socialized health care bill she helped to pass in Congress. This slick taxpayer paid for four color printed piece which was addressed to my daughter (we know she would not send it to anyone else in the house) shows how far out of touch with reality Democrats are with their socialized health care plan. The economic lies are far reaching in this piece. For example how this bill will actually reduce the deficit (which one-yearly or part of the $13 trillion dollar Obama national debt?) by $143 billion dollars in 10 years and then $1.2 trillion in the second ten years is beyond economic logic. How much does the bill actually spend and therefore how can it actually save this mythical money? No one knows because no one understands the economic implications of the ruining of the free market system that this bill embraces along with a socialized health care system that still does not address medical tort reform. How is it paid for? Tax the investments of rich families who earn $250,000 a year? Why? Why are they being penalized for their desire to get ahead in life and follow the free market economic system? Tax it and spend it, more of the same of the stale socialism of Rosa DeLauro and her fellow Democrats. This brochure is just a comical waste of taxpayers monies. Repeal this horrific law which will damage our economy beyond repair and force businesses to forget about expansion. This health care plan will make America sick.
It is a debacle of a bill. Thanks Rosa and by the way, if you are upset then you should vote for Jerry Labriola her opponent in November. Maybe change might then just work.

Sunday, July 04, 2010

July 4, 1776 - July 4, 2010 234 Years of Freedom

The unanimous Declaration of the thirteen united States of America

When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security. — Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.

He has refused his Assent to Laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their Public Records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected, whereby the Legislative Powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.

He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.

He has obstructed the Administration of Justice by refusing his Assent to Laws for establishing Judiciary Powers.

He has made Judges dependent on his Will alone for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people and eat out their substance.

He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.

He has affected to render the Military independent of and superior to the Civil Power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:

For quartering large bodies of armed troops among us:

For protecting them, by a mock Trial from punishment for any Murders which they should commit on the Inhabitants of these States:

For cutting off our Trade with all parts of the world:

For imposing Taxes on us without our Consent:

For depriving us in many cases, of the benefit of Trial by Jury:

For transporting us beyond Seas to be tried for pretended offences:

For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies

For taking away our Charters, abolishing our most valuable Laws and altering fundamentally the Forms of our Governments:

For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated Government here, by declaring us out of his Protection and waging War against us.

He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation, and tyranny, already begun with circumstances of Cruelty & Perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.

He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince, whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.

Nor have We been wanting in attentions to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these united Colonies are, and of Right ought to be Free and Independent States, that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. — And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our Lives, our Fortunes, and our sacred Honor.

— John Hancock

New Hampshire:
Josiah Bartlett, William Whipple, Matthew Thornton

John Hancock, Samuel Adams, John Adams, Robert Treat Paine, Elbridge Gerry

Rhode Island:
Stephen Hopkins, William Ellery

Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott

New York:
William Floyd, Philip Livingston, Francis Lewis, Lewis Morris

New Jersey:
Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark

Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross

Caesar Rodney, George Read, Thomas McKean

Samuel Chase, William Paca, Thomas Stone, Charles Carroll of Carrollton

George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton

North Carolina:
William Hooper, Joseph Hewes, John Penn

South Carolina:
Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Arthur Middleton

Button Gwinnett, Lyman Hall, George Walton