The Problems of Chris Dodd Never Cease

Do you think Chris Dodd could survive one day working for a private company? With all of the baggage that he has at this time, why would anyone want to hire him? Why do taxpayers have to still put up with him? Why does he even consider running for re election with all of the twists, turns, lies and deceptions he has forced upon Connecticut residents for the past six years. What can he offer our state anymore since he has turned the position of United States Senator into his own personal play land of payoffs and patronage? How can anyone in the Connecticut Democratic party actually endorse this type of corruption? And why has our political system in Connecticut succumbed to this lack of ethics?
The new allegations against Dodd and his forgetfulness of who from AIG actually gave to his campaign, his wife's forgetfulness of which boards she sits on and get paid from and last but not least his sweetheart mortgage deal should not be forgotten in 2010. Dodd deserves to lose and will in 2010. It is just too bad that taxpayers must pay for his never ending pension he will receive from us as he retires.

Sunday's Random Thoughts

Here are some of my Sunday's random thoughts...
The tea party movement is here to stay as taxpayers from both sides of the aisle express extreme frustration with both parties tax and spend nonsense and excessive long term debt that they our bestowing upon our economy. The economic stimulus package which was not read by most who voted for it is a childish economic exercise of tax and spend. It has great long term economic implications which will ultimately lead to economic stagflation and long term recession. It was foolish and shows the lack of the economic knowledge this administration has.
Chris Dodd will lose in 2010 no matter who he hires as a campaign manager. No campaign manager can undo the years of political ineptness that this man has bestowed upon Connecticut. He is a liar, he is corrupt and he will be voted out of office in 2010. He does have a massive uphill battle and will lose.
Why doesn't the state try to investigate all of its wasteful spending on bonuses for the Connecticut Student Loan Foundation rather than AIG? Oh I get it, the CSLF is exempt of any wrong doing because of its political ties. The two tier system is alive and well in Hartford-just keep taxing people and businesses out of state - that should solve all of our problems. Naturally anything our state government does is correct and anything the private sector does is evil and corrupt.

The New Democrat Tax On Shopping Bags

House Bill 5215. This is a beauty developed by Connecticut's tax and spend Democrats. If you forget to bring the "green" bags that you were forced to buy at your grocery stores, you will now charged a tax of five cents for each paper or plastic bag that you use. These monies will supposedly go to state Department of Environmental Protection. The state is projecting stealing $10 million dollars from state taxpayers when they shop. I truly do not believe that one cent will be going to this department but will be lumped as usual into the state's slush fund better known as the General Fund. What gives the right of the state to do this? What about elderly shoppers who may not be able to carry the "green" bags? What a rip off as usual by the tax and spend Democrats in Hartford.
Thus this assembly promotes more of the same, higher spending and higher taxes using any excuse they can possibly muster on any possible aspect of our lives. I urge all taxpayers to voice their opposition to House Bill 5215. There is no need for this theft to occur.

Why Not Tax Lobbyists At 90%?

Why not tax lobbyists at 90%? Just a thought. Since the AIG bonuses are a legal contractual agreement, why doesn't the state and federal governments look into taxing paid lobbyists at a 90% level? This would be a great source of revenue for our bankrupt state and federal governments. Maybe Governor Rell could subpoena all the registered state lobbyists and grill them as to why they are making so much money and how they are influencing the excessive costs of both our federal and state government. Maybe there could be full page articles in all of Connecticut's papers disclosing how much money they actually contribute to politicians on both sides of the aisle and the corresponding legislation that was enacted because of these same contributions. The same could be said for federal lobbyists and their contributions to our federal debt through the excessive amount of legislation they push through for taxpayers. To me it would be logical that if you want AIG employees to testify you should not leave out lobbyists. After all look at the productivity of let say a Tom Daschle and his lobbying efforts (not to mention his ability not to pay taxes). Let's pick on lobbyists who with their political friends who have help to create our economic debacle.

The Crushing Federal Debt

The crushing federal debt. It just keeps coming and coming. We as a nation now have a $11 trillion national debt. In other words our government has spent $11 trillion dollars more than it has taken in. $11 trillion dollars is an incredible number. The great question in Washington which finally some politicians are waking up to is - how is this going to be paid back and by whom? There is not a great deal of economic logic in any of the stimulus or bailout packages which were passed. These packages have all added to the national debt and done little if anything to actually create economic stimulus. Again who is going to pay for this debt in the future? And at what cost? What is the actual value of our dollar relative to this debt?
In my economic opinion these bills must be stopped or this current administration will truly bankrupt our economy. Enough is enough of this economic debacle they have created. Let the free market system clean itself rather than be further soiled by economically illiterate politicians.

The Never Ending Chris Dodd Economic Mess

This mess never ends. The Chris Dodd circus just keeps spinning over and over again. I am just curious as to how much money was donated to the Dodd campaign by many of the failed banking giants and AIG. Then to add insult to injury we have to listen to Dodd belittle and condemn those individuals who were contractually guaranteed their bonuses and that politicians like Dodd knew about this over a year ago. Now we have the spin. Congress-Chris Dodd, the Treasury and the President all know about the bonuses before they are paid out and now all of a sudden a new campaign is dumped upon taxpayers to make us upset about it. We should be livid at Congress. In my economic opinion none of the monies should have been given in the first place and Chris Dodd had and still has full knowledge of the economic mess he created as head of the Senate Banking Committee. He gladly accepts their contributions, he gladly writes a bill in their favor and he gladly condemns them when politically expedient. The Chris Dodd economic mess is never ending. His corruption is never ending, his deals are never ending. Rob Simmons will be an excellent Senator from Connecticut in 2010 and then finally the Dodd debacle will be over.

Why Aren't We Outraged At Congress?

Why aren't we outraged at Congress? After all they have contributed greatly to the economic problems that we have in our economy today. They decided several years ago that they are experts in business and economics and as such stated it was ok to allow mortgages to go to consumers who can not afford them. Then when many of these same mortgages went unpaid and caused a ripple effect in the credit markets, they created a lending spree with no strings attach to the same companies who were going bankrupt. Now, in the case of AIG, contractual employee payments must be paid, a new spin occurs. All legal action by the economic savvy Congress and President will be used to stop these payments. Why? If you are employed by AIG and were doing your job well and selling product, doesn't our capitalistic system reward those whose economic value is greater than those who are not? Capitalism rewards risk and achievement. It is pathetic to see this new spin by Congress and the Obama Administration that these employees are the cause of AIG's problems because they did their job. When does Congress ever do their job? Why are they allowed to spend our money any way they want to suffice their pork barrel spending and lobbying groups which dictate really what taxpayers can or can not have? Why are we not outraged against Congress and the Obama administration? I know I am one taxpayer who is.

The Private Sector Will Always Stimulate The Economy

The private sector will always stimulate the economy. As hard as politicians try to put a twist on the economy today, there is no such thing as a governmental trickle down effect from this current pork ridden economic stimulus bill. The money that the Obama Administration is using is borrowed taxpayer's monies. And it is being borrowed from people who are not even born yet. It is being borrowed from the open markets which will ultimately lead to higher interest rates and higher inflation rates. Thus in in a few short months we will probably see much higher interest rates and much higher inflation. Therefore the question must be asked that if homeowners who are facing foreclosure today - how will they be any better off when interest rates start to go up again and the actual cost of living is much higher due to inflation? It is a question ignored by the Democratically led Congress and by the media. Guess what, those who can't afford their mortgages today and will still not be able to afford them in the future. The private sector needs to clear out the toxic debt, the bad mortgages, the businesses which can no longer make a profit. Then and only then will our economy get back on the right track. This current administration truly does not understand nor does it care to understand the massive economic mistakes it is making by these pork laden spending bills. 2010 is coming, can the private sector wait that long for change?

Here Come The Cuts

Here come the cuts. The elitist Democratic party of Connecticut is finally going to show the state what their true colors are. The Democratic legislature is going to show the illiterate taxpayers of our state, budget cuts shown in three different scenarios. Obviously the scenarios will be mild, tough, and draconian. To use a psychological advantage on their own ineptness in leading the state, the Democrats will now will resort to picking up on an Obama theme, scare and fear given certain cuts in programs for our state. Democrats want to preserve as many political patronage jobs as they possibly can thus they will cut "real" programs to help save money. Mr. Donovan's $165,000 mouthpiece stays. Mr. Gaffey's rhetoric about double billing the state stays. Mr. Lawlor's attack on the Catholic Church stays.
Taxpayers are not stupid to this political game that the Democrats continue to play in Connecticut. We have the highest tax burden in the country, along with the highest gas tax, highest electric rates in the country, one of the worse climates for business and industry in the country and we are now going to be spoon fed their drastic measures. The Democrats in Hartford are unfit to lead. They have lost Connecticut as taxpayers continue to tune out their corruption and games. 2010 can't happen soon enough.

Why Is Capitalism Bad?

Why is Capitalism bad? Can someone explain that to me? Why is it bad to invest in businesses in our country who in turn manufacture, produce and service products and goods for our economy? Why is it bad for these same businesses to create jobs for our economy which in turn help create a prosperous economic business cycle? Why is it bad to have an unyielding optimism about the American worker-most who work hard and are very productive for our economy? Why is wealth bad in our economy? Why is it bad for those who take risks in our economy to keep most of what they earn? Why does our economy give incentives for those people who are lazy and do not wish to work? Why do they have to be supported by those who do work hard? Why does government feel they that they can run our economy better, given all of the scandals, illegal dealings and immoral conduct they exhibit in both the White House and in Congress? Why do Congressional Democrats, many who are multi millionaires, have such a hatred of an economic system that they have benefited from? Why are the talking heads in the 24/7 media glorified for their obvious lack of economic knowledge and their complete bias in reporting what is actually going on? Capitalism through its natural means will get us out of this recession. Hoover/FDR/Obama economics will not. This is a fact which will once again be shown by the free market system.

Come On Let's Jump On The Democrat Tax Train!

Come on taxpayers of Connecticut lets jump on the Democratic tax train in Hartford.
Taxpayers throughout our state let's get on board.
Higher taxes will solve everything here in Connecticut and hopefully bring us back to being a #1 taxed state in our country.
Recession, depression, you are dreaming if you think you can't pay more in taxes.
How about .05 cents more on your heating oil - what do you mean you are cold?
What do you mean your income levels have dropped? We will just raise your income taxes even more to help our state spend more for the special interest groups who run it.
What do you mean that you that earn $132501 a year? We will tax you more so that you really pay your fair share. You wealthy people need to work harder to help support those who do not wish to work and for state legislators to spend even more.
Come on let's jump on the Connecticut Democratic tax train! And let's take the next train and move out of this state!

You Are Rich If You Earn $250,000 A Year

You may not have known that you are rich if you or you and your spouse earn $250,000 a year. But according to our new Democrat economics, you are rich and you will be taxed and taxed and taxed a little more. Never mind you might be an entrepreneur and take risks with your money, those risks need to be taxed by the new economics of the new administration. Never mind that in theory 95% of all Americans (I guess not all taxpayers?) will get a tax break, many who do not even pay taxes at this time. Nope you will be supporting them even more so, so they do not have to work nor be productive nor ever have to pay taxes. See you or you and your spouse are rich making $250,000 and government can't see that you should keep money that you work for. Congress can see themselves exempting themselves from any laws that they pass or possibly paying any taxes (why should they bother anyways-no law actually either means anything to them or that they need to abide by it, but you need to pay. And pay you will for this Democratic mess of higher taxes, higher spending, and an economic situation exaggerated by their ineptness in trying to resolve it. The tide is turning already against this new taxation without representation. 2010 is coming faster than they believe and many of these political hacks will be voted out of office. Do you hear that Congress?

What Was Said Was Nothing Again

I guess there was a great speech taking place last night. In the Obama speech what was said was nothing again. In the Bobby Jindal speech we heard a Governor who has principles and fiscal discipline. In the Obama speech, no new plans or actual information by the President as to how he is going to turn the economy around. Contradiction galore including the senseless and expensive tax on carbon. Nope in my economic opinion we heard more of the same, more rhetoric, more style than substance and many more taxpayers starting to really tune out the lack of vision by this new administration. We did hear a fresh voice in Governor Jindal who is obviously not worried about public opinion polls and actually leads his state.
By expanding government all you are doing is cutting out the private sector which is the backbone of our economy and the area where new jobs and wealth are created. The Federal government does little if anything to create jobs or wealth in our economy.
Our economy is still strong and vibrant in its fundamentals. We need to stop listening to the 24/7 talking heads and politicians who know little if anything about business and economics and are more concerned with their glory and self gratification. We are an educated population who will overcome this man made negativity. Those who wish to work hard and be successful will continue to do so in our country. Make no mistakes about it. I promise you that.

Economic Confusion

We have economic confusion in our current administration. In my economic opinion we also have economic illiteracy also. I am confused how you can add over $1.2 trillion dollars to the national debt in less than one month in your administration, then come up with a comment on economic restraint and to cut in half the actual deficit by 2013. Can someone in economics tell me how this is possible? I am lost by this rhetoric and fantasy remark. I am even more confused by a pork and earmark laden stimulus package that really does nothing other than place a pent up spending package onto the economy with no rhyme or reason. Obviously politicians are blind to the repercussions of who actually will be paying back this $1.2+ trillion dollars over the next 100 years. And they also blind to the reality that this package is doing nothing to help the economy. Why has the stock market reacted so negatively? Lack of confidence? Lack of any economic knowledge by this administration? Lack of leadership? All of the above? Thus a new chapter for my class will be how to spend $1.2 trillion dollars of pork and then get half off your debt in 4 short years. 2010 can't happen soon enough.

It Is Really Time For Chris Dodd To Resign

It is really time for Chris Dodd to resign as Senator of Connecticut. Yesterday Dodd once again proved his incompetence as head of the Senate Banking Committee with his remarks regarding short term nationalization of our banking system. With this remark he was able to cause millions of Americans to lose even more money in the stock market as prices fell. His panic remarks came after his stupid remarks over the past two years both Fannie Mae and Freddie Mac are in great financial shape, that TARP will help both banks and the credit markets and his nondisclosure of his sweetheart mortgage deal with Countywide mortgage (which benefited from the first bailout bill dramatically). Enough is enough, between lying about his mortgage, getting financial donations from the banking and finance industries which are influencing his decision left and right and now his panic remarks, Dodd can no longer govern. He is causing incredible damage to our financial system and to our state.
Chris Dodd is the reason why we need the power of a recall election in Connecticut. We as taxpayers and voters must force him out of office today, we can't wait until 2010 anymore. Taxpayers can no longer accept his personal glory and self interest as the guise of being a Senator. Dodd needs to resign today.

End The Fairness Doctrine Once And For All

End the Fairness Doctrine once and for all. I applaude South Carolina Senator Jim DeMint to force a vote on ending any thoughts of reviving the Fairness Doctrine. This law does limit freedom of speech and is solely targeted to conservative talk radio. Liberal talk radio fails miserably as guess what very few people wish to listen to it. Liberals are besides themselves in trying to limit Conservative hosts Beck, Limbaugh and Hannity, and their powerful and large radio audiences who listen to them. Why? Because Democrats are afraid of the truth? Are they afraid that these three hosts plus several more are actually expressing a point of view in which millions of Americans agree upon? As compared to the stale, failed rhethoric of the Democratic party? I think Senator DeMint has forced the issue and we will see how many Senators will be in favor of eliminating our freedom of speech by voting to agree with this failed doctrine. The standard should be freedom of speech not the limiting of speech to only liberalism. Remember 2010 is coming fast and the scales will be turning back towards democracy at that time.

These Are The Real Economic Figures That Should Be Reported

These are the real economic figures that should be reported but are not by the media. First we are not in nor even close to a depression. We are in a normal business cycle called a recession. In a recession people lose their jobs because of a lack of demand by consumers to purchase certain goods and services. This is a common occurrence in our economy since the forming of our country. This recession has been exaggerated by both the government and the media. The government has forced affordable housing on the financial industry since the Carter administration and was blind to the massive failures of both Fannie Mae and Freddie Mac. Thus people who can't afford homes are in them right now and are part of the toxic debt problem we have. Thus it is furthering the recession.
Our money supply is a fiat money supply meaning that the US dollar is backed by our faith in our government not by any precious metal. Roosevelt decided back in 1933 to stop backing our dollar with gold and turned to this fiat money system. The next result was money that had no longer any real value to it. Did this shorten the depression? Not at all, our production only increased when we entered World War II. Also the decline in the stock market back in the depression was 90%, today it is only 35%, there is much more money and opportunities in our economy today than the 1930's. Thus his programs did virtually nothing to end the great depression and were more politically orientated than economic.
In reality we have a recession as severe as the 81-82 recession, which we came out of not with massive pork governmental spending but with well thought out tax cuts which stimulated our economy for a long period of time. In my economic opinion to use economic fear to your political advantage is ruthless, illogical and misguided. Unfortunately it seems that our new administration loves and thrives on it. Why? Because power and ego are much more important than the good of our country to these people who supposedly represent us.

How A Democratic Stimulus Harms America

This Democratic stimulus harms America. Since we as taxpayers and voters were not able to comment on the plan nor did any members of Congress actually read it, we must examine from an economics point of view how badly this plan will hurt rather than help our economy. This bill has transfered many of our economic systems private sector functions to the Federal government. By doing this it has created a political economy, one which is fresh with corruption, earmarks, pork and economic illiteracy. How can Congress deny the excessive earmarks and lobbyists injections into this bill? By injecting over $1 trillion dollars in deficit spending in our economy, on programs and projects unproven and untested, it has only allowed the national debt to increase by 10% in one month and further eroded our gross domestic product. It will further erode our credit markets crowding out the little private sector lending taking place and will ultimately lead to much higher rates of interest and inflation. How many jobs are actually being created, at what cost to taxpayers? Where does it state in this plan how and when the national debt gets paid off? Why was this not taken into consideration? What part of economics am I missing here? How does high inflation create economic stimulation? If you really wanted to stimulate our economy Congress would have had the guts to eliminate all taxes on interest, dividends, and capital gains and lower federal spending to a balanced budget for 2009.
We can take comfort in that this plan has shown how out of touch with reality the Democratic members of Congress have become and how many are going to lose reelection in 2010 and 2012. I also must remind the Democratic Congress that FDR died in 1945 and his new deal was a miserable failure just like your bill of 2009.

The New Transparency - Taxpayers Have No Rights

The New Transparency - taxpayers have no rights. This was proven by the Obama administration and his Democratic soldiers in Congress. This new transparency means that taxpayers have no representation by any of the Democratic members of Congress. Here in Connecticut anyone who works for a living has absolutely no representation in Washington. For in a democracy common voices should be heard and debate needs to occur in order for that democracy to survive. What we saw Friday was a rape of our democracy. What we saw with the passing of this so called stimulus package was a rape of taxpayers in our country. What we saw Friday was a rape of children's and grand children's future. What we saw by the new President and his Democratic Congress was a blatant and chilling closing of democracy. The rape of prosperity, freedom of speech and representative government was accomplished by this bill. I can only take comfort that 2010 is coming and taxpayers will have the final say at that time.

What Stimulus Bill? The Democratic Financial Mess

What stimulus bill? The Democratic financial mess. How much will each job cost taxpayers, a mere $400,000? That is stimulating the economy? What a waste of taxpayers monies. How much pork was added to the final bill, can anyone in Congress tell me? In my economic opinion I do not see a great deal of support for this bill that has passed. I find it offensive to taxpayers that Congress wasn't able to even read the bill before voting on it nor were there any public comment on it. Thus taxpayers were just shoved down our throats an additional $2-3 trillion dollars of national debt with absolutely no guarantee of stimulus. I personally doubt if the Democrats will control Congress or the White House in 2010,2012. It will always be known as the Democratic financial mess they created. Great job!