by Colin Hanna, http://www.LetFreedomRingUSA.com

Take Action Now – Petition Your Senators:

http://www.ipetitions.com/petition/stopthestimulus

The so-called stimulus bill appears to be on the verge of passage following a “compromise” crafted by Republican Senators Specter and Collins and Democratic Senator Nelson. It demonstrates a stunning ignorance of how business works and how jobs are created. For example, in its over 1500 pages, there is not one single mention of increasing profits in American businesses, yet any business owner knows that sustained profits are the only way that businesses can expand and create new jobs. Without a clear focus on increasing profits, the long-term result of a huge increase in government spending can only be one thing: staggering inflation.

In addition to the economic issues, this massive inflation stimulus also raises three major moral hazards:

1. Tens of millions of citizens who have retired on fixed incomes will see their purchasing power erode severely and their financial security collapse. Do we want to bear moral responsibility for breaking trust with our retirees who have worked so hard to achieve financial security?
2. At the other end of the age spectrum, tens of millions of young people will find their future dreams thwarted by an oppressive tax system burdened by repaying trillions of dollars of debt incurred just this year. Economists say that this unprecedented public borrowing could “crowd out” private capital that would otherwise be used to expand existing businesses and start new ones, thus shackling the next generation with no-growth prospects.
3. President Obama’s pledge of transparency in his new Administration is rendered meaningless by exempting this bill from the budget disciplines and cost disclosure requirements of all other legislation. By allowing Nancy Pelosi and Harry Reid to assemble this bill the old-fashioned way, larding it up with economically unsound projects cynically included to buy votes, the new President risks breaking faith with the American people on a matter of moral as well as political integrity – within his Administration’s very first month. These are not merely economic considerations; they also present grave moral hazards.

The bill as it stands is entirely government-centric. It assumes that government is the best or only financial actor capable of addressing the politically-motivated overextension of credit crisis and a housing market breakdown. Absent are incentives for the private sector to inject new capital into the economy.

This so-called stimulus bill contains more pork than a pig farm. President Obama has badly bobbled his first real legislative leadership opportunity and abdicated to Nancy Pelosi and Harry Reid. Obama originally proposed a massive infrastructure investment program. He should have stuck to it.

Providing infrastructure is a core function of government. It enjoys support from conservatives and liberals alike. Conservatives base their support on time-tested economic principles initially set forth by Adam Smith, the founding father of free market economics. He argued that government’s proper role was to provide a permanent military for national defense, a police and court system to control crime and administer justice and a public works system to facilitate the flow of commerce along roads, bridges, and canals. Contemporary conservative legislators who may be budget hawks on most government spending are typically supportive of spending on infrastructure. Our roads, bridges and railways are in a deplorable state of disrepair and deterioration. Entirely new types of infrastructure, such as high-speed fiber and wireless data networks, should be developed to aid twenty-first century commerce and economic development in the same way that paved roads did two centuries ago or air transport did in the last century.

If President Obama had stuck to his original promise of enacting a stimulus plan focusing on job-creating infrastructure projects that were “shovel-ready” and just waiting for funding, he likely would have found many willing Republican allies. The result could have been a precedent-setting example of genuine bipartisanship. Instead, by abdicating his leadership role in setting the national agenda to Nancy Pelosi and Harry Reid, he will probably sign a bill that would be best described as “America’s Inflation Stimulus,” because it will be inflation, rather than job growth and infrastructure investment, that is most stimulated by it. How many months will it be before we see inflation skyrocket from its current level of around 4% to 12% or more? The last time we saw an inflation rate that high was in 1980, and it was a major contributor to President Jimmy Carter’s defeat by Ronald Reagan.

The proposed package of pork is the largest spending bill in American history. Expressed in current dollars, it is roughly double the size of the entire New Deal, much of which really was infrastructure spending. It is likely to garner no more than a handful of Republican votes, largely because no Republican input was sought in the House, and only two Republican deal-making Senators were involved in reaching the Senate compromise.

For the new President, this is a tragic waste of an historic leadership opportunity. For the rest of us, it will result in the greatest transfer of debt to a succeeding generation in the history of the world. This is not the kind of change that Obama promised.

We invite you to join us in sending a clear message to your Senators that you simply will not tolerate their voting in favor of this bill. Please click this link to go to our special online petition, which we will send to both of your state’s United States Senators before the final vote:

Take Action Now – Petition Your Senators:

http://www.ipetitions.com/petition/stopthestimulus

Article’s Web Page Address:

http://www.letfreedomringusa.com/news/economy/2009-02-09-americas-inflation-stimulus-bill.htm

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You turn on the news to hear that House Speaker Nancy Pelosi is proposing a bill to raise the Capital Gains Taxes to 28%.

By noon, the Dow drops to 2,280 points.

All the rhetoric Obama and Biden expounded during the campaign are becoming a reality.   The six-month test Biden warned  us about, only took 77 days since the election.  President Obama is now faced with an international crisis.

Iran now tested a nuclear bomb it in the desert of Northern Iraq this morning.   Ahmadinejad told Israel to surrender or be their next test site, and told America to leave them alone.

William Ayers called a press conference asking President Obama to capitulate to Iran.

The President has called for the nation to pray for him and invited Rev. Jeremiah Wright to the White House, in order to give him guidance during this crisis.

All Americans need to view the video “Puzzle” at www.neverfindout.org before they wake up the morning after the Inauguration Day to find out that they have buyer’s remorse.

Let’s never find out.

So too with Barack Obama, full of false promises, just as you flip from channel to channel he flips on issues.  Like Obama’s tax cut for people earning less $250,000 then Joe Biden said it was $150,000 now Gov. Bill Richardson of New Mexico say’s $120,000.

Watch our video “Puzzle” at www.neverfindout.org and see what we found when put all the pieces in the Obama puzzle together.  All Americans need to view this video before they vote tomorrow.

In an article by Marc Ambinder in the Atlantic, he outlines Obama’s flip-flops.  His constant mind changing is very puzzling.

According to Ned Barnett writing for the American Thinker, Obama’s tax plan will increase every one’s taxes back to the 2000 level before the Bush tax cuts.

The worst part of his rhetoric is he is now insulting the American voter.  Obama called us selfish for not wanting to pay our fair share to distribute our wealth to others, including some who don’t even pay taxes.

His running mate Joe Biden said it is our “Patriotic Duty” to pay our fair share.

Is deceitfulness what Obama will bring to the White House?

Let’s never find out.

His pastor of 20 years Rev Jeremiah Wright is blatantly filled with anti-American rhetoric, ranting and screaming “No!, No!, No!, not God bless America, G-d Damn America.”

William Ayers a confessed terrorist, worked closely with Obama distributing $100 million through a community based organization. However, Obama says, he is “just a guy in my neighborhood.” Does anyone actually believe that two people who are responsible for distributing millions of dollars could only be guys in the neighborhood?

Ayer’s bombed the Capital Building, The Pentagon and Police Headquarters in NYC. He is responsible for the death of four people.

In an article by World Net Daily they wrote how the New York Times is trying to whitewash an Ayers and Obama connection. After 9/11 Ayers told the N.Y. Times his group didn’t do enough.

Obama believes Iran and Venezuela are tiny countries that pose no threat to the U.S.

Watch our video “Puzzle” at www.letsneverfindout.org See what we found when we put all the pieces together.

An Obama Presidency will be a dangerous one for everyone. Let’s never find out.

Some of Obama’s friends are William Ayers who according to World Net Daily was a member of the Weathermen terrorist group, which sought to overthrow the U.S. government through violence, and took responsibility for bombing the U.S. Capitol and Pentagon. 

According to CNN, the relationship between Obama and Ayers was more than casual.  Obama and Ayers worked together for years on the Woods Foundation Board of Directors.

Listen to Frank Gaffney, former Assistant Secretary of Defense at our Youtube channel.  to find out how dangerous an Obama Presidency would be.

Rashid Khalidi is a harsh critic of Israel and former Palestinian Liberation Organization   (PLO) spokesperson.  Khalidi is the Columbia University Professor who was responsible for Iran’s President Mahmoud Ahmadinejad speaking at Columbia last year.    World Net Daily said Khalidi is a friend of Obama and even held a fundraiser for him. 

The Los Angeles Times claims to be in possession of a video of Obama at a farewell party with Rashid Khalidi.  The video according to the Times shows Obama praising him and speaking about how many times he has been to his house for dinner.  They claim he states he will miss his (Khalidi) wife’s cooking.   However, he’s not my friend?  You decide.

How can we trust an Obama President who will not tell us who his friends really are?

Let’s never find out.

I know when I went to school and learned about percentages  - 100% means “the whole pie.”  Funny, I think Obama will be happy when the American public is giving their “whole pie” of income to support his vision of an ever-increasing government.  

Watch our video on “Income Taxes” go to www.neverfindout.org to find out how an Obama Presidency can change your financial life forever with Robin Hood economics.

Let’s never find out.

In an article on Time.com  Obama is quoted on several occasions repeating to major news organizations during media interviews that he will talk to our enemies without preconditions.  How can talk to our enemies without a strong military behind him?  In any negotiations, you must show strength not weakness.    

Please watch our latest video featuring Frank Gaffney, former assistant Secretary of Defense, learn about the dangers we will face as a result of an Obama Presidency.  

Obama negotiating from a position of weakness will only invite our enemies to test us.

That is what Obama’s running mate Joe Biden knows. Listen as Joe Biden says, “Obama would be tested with an international crisis within the first six-months of his Presidency.”   Biden was picked by Obama because of his foreign policy experience(?).

Showing up to negotiate without preconditions, with a weak military, is like trying to put out a fire with gasoline.

With an Obama Presidency, will more American’s die in an international crisis? 

Let’s never find out.

Obama claims that it is the Bush economic policies that got us into the current housing and financial crisis. However, according to the Washington University Law School it was Barack Obama who was a plaintiff and sued Citi-Bank for not doing enough to issue mortgages to low income minorities.

When the time came for Senator Obama to do something about the financial mess and reform the Government Sponsored Enterprises (GSE’s) he did nothing.  Despite the warnings of John McCain, Obama and his friends did nothing.

However, according to the Non-Partisan Center for Responsive Politics, Open Secrets.org you will find that Senator Obama received the second largest contributions from Fannie Mae and Freddie Mac. In less than two years in the Senate, Barack Obama received $126,349 and that was only from Fannie and Freddie. 

You should watch our video “Part of the Problem” at www.neverfindout.org   to understand why Barack Obama is part of the problem and he doesn’t have a solution.

Senator Obama’s total disregard to help reform the GSE’s has helped create the devastation that led us to the biggest financial crisis in American History.  Obama is part of the problem without a solution. 

How much can an Obama President be bought for in the first 100 days as President?

Let’s never find out.