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Help Us Stop “America’s INFLATION Stimulus Bill”

Help Us Stop “America’s INFLATION Stimulus Bill”

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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LetFreedomRingUSA.com is a non-profit, grassroots organization supporting a Conservative agenda.

Our mission is to promote:

  1. Constitutional government
    1. Original intent of the Framers of the Constitution
    2. Limited (Federal) government
    3. Separation of powers (Judiciary not legislating, etc.)
  2. Economic Freedom
    1. Free enterprise and equal opportunity
    2. Social Security Reform — to achieve financial independence, not dependence
    3. Profit as an economic incentive
  3. Traditional values
    1. Family as the basic building block of society
    2. Sanctity of life
    3. Religious liberty, not restraint of religious speech

Additional Links:

Let Freedom Ring was formed to counter the attacks of anti-conservative groups on patriotic candidates as well as attacks on the important issues of our day – those that affect the core of our society: the family, marriage, the economy, energy, abortion, health care and foreign policy, to name just a few. We also work to keep our constituents and the media informed about what our founding fathers’ intentions were and how history shapes laws and our culture today. Through seminars, workshops, ad campaigns, leadership and grassroots training and educational materials, Let Freedom Ring strives to motivate, activate and educate those who are interested in keeping America the great nation it has always been.

Let Freedom Ring has conducted successful non-partisan and bi-partisan events in Pennsylvania, Ohio, Washington, D.C. and many other locations across the U.S. that have featured the nation’s top leaders as keynote speakers. Video productions such as “Inner Strength,” educating the public about the faith and perseverance of some of America’s top leaders including President Bush, have been created and distributed by Let Freedom Ring. We have equipped individuals and churches to hold voter registration drives and created award–winning television and radio commercials, Public Service Announcements, broadcast and written commentaries. The leaders of Let Freedom Ring have been featured in the news countless times. Let Freedom Ring played an important role in voter education and voter turnout in the 2004 presidential election.

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Colin Hanna, President

Let Freedom Ring, Inc.

Ph: 610-793-1800

Fax: 610-793-1415

2207 Concord Pike

Wilmington, Delaware 19803-2908

http://www.LetFreedomRingUSA.com

Promoting Constitutional Government, Economic Freedom and Traditional
Values

Press inquiries: contact either Deborah Hamilton or Felicia Horton.

Web site inquiries: John Lutz

Let Freedom Ring, Inc. is a 501 (c)(4) non-profit organization, and donations are not tax-deductible charitable contributions.

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Tax Cuts or Welfare

According to the Washington Post Sen. Obama says he will give 95 percent of all American workers a tax cut but does not mention that his plan would send checks to tens of millions of tax filers who pay no personal income taxes – payments that critics say look “suspiciously like welfare.”

Bill O’reilly featured our video about Obama’s tax cut plan, you can watch it here www.neverfindout.org

The Tax Foundation estimates that under the Obama plan, “63 million Americans, or 44% of all tax filers, would have no income tax liability and most of those would get a check from the IRS each year.” It sounds like Obama has his own dictionary. Is a tax check from IRS a synonym for Welfare Check.

The Heritage Foundation’s Center for Data Analysis estimates that within two-years, under the Obama plan, an additional 10 million tax filers would pay zero while cashing checks from the IRS.” Is an Obama-Nation becoming a Welfare Nation? .

Under the same plan Senator Obama wants to raise the taxes on business earning over $250,000. Does he know that it is those small businesses who create jobs. Pray you don’t work for one of those small companies. If you do, this holiday season instead of the checkout line at Macy’s you will be standing on the unemployment line. Will the Obama’s tax cuts take your job away?

Let Freedrom Ring and Let’s never find out.

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Filed under election 2008, let freedom ring, neverfindout.org, obama

Let’s do Lunch

According to the International Tribune, the global addition of the New York Times Obama said that he would sit down unconditionally with Iran’s President Ahmadidejan.

According to the Los Angeles Times, Barack Obama called for “direct diplomacy, with friend and foe alike,” saying he would meet with Venezuela’s President Hugo Chavez and the Castro brothers, Cuba’s Communist leaders, in hopes of advancing democracy in the Caribbean. http://www.infoplease.com/biography/var/hugochavez.html

How can Obama negotiate with our enemies when he will drastically reduce our military, reduce is saying it mildly. According to World Net Daily Obama would gut our military.

Obama’s campaign supporters are really upset; they discovered our videos at www.neverfindout.org and believe that they are devastating to Obama’s campaign.

According to CNN Politics.com, Obama was against the surge in Iraq and to this day would not admit he was wrong.

Obama acts like he could just simply call up our enemies and say, “Let’s do lunch.”

Obama you have told us you have the judgment to lead our nation’s defenses. After you get finished, there will be no defenses to lead. Nice try Senator, telling us you want to negotiate with our enemies from a position of weakness.

Let’s pray we never find out.

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McCain’s Turn At Bat

This is what John McCain needs to do to hit a home run agaist Barack Obama in their last debate tonight. McCain should watch two videos at our website www.neverfindout.org . The one titled “Part of the Problem” will give him the talking points he needs to tell to tell Americans Barack Obama is part of the problem.

McCain needs to watch “Trust,” to be reminded of how dangerous Obama’s ties to terrorists are. He must be reminded of Obama’s connection to William Ayers, as reported at Politico.com.

John McCain should be reminded what World Net Daily said about Obama’s friend Rashid Khalidi a former representative for the Palestine Liberation Organization (PLO).

According to the New York Post in a speech in France, Jesse Jackson revealed Obama’s true policy regarding Israel. Obama denounced it, but it doesn’t matter you can’t unring the bell. If McCain neglects use these talking points, Obama will be President.

Let’s Never Find Out and Let Freedom Ring USA

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Obama the Problem

Senator Obama’s total disregard to help reform the Government Sponsored Enterprises (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.

The press said he benefitted politically from the economic mess he helped get us into. Why aren’t they telling us how it helped Obama financially?

You should watch this video www.neverfindout.org to understand why Barack Obama is part of the problem and he doesn’t have a solution. .

If Americans knew the facts, they would not vote for Sen. Obama. According to Open Secrets.org the Non-Partisan Center for Responsive Politics. There you will find that Senator Obama received the second largest contributions from Fannie Mae and Freddie Mac. In less than 143 days in the Senate, Obama received $126,349 and that was only from Fannie and Freddie. How much can he be bought for in the first 100 days as President?

Let’s Never Find Out.

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We hit a home run.

Our latest ad is so powerful that Bill O’Reilly ran it on his show the other night. Dr. Frank Luntz, an extraordinary pollster and political consultant said, “This is the best ad on tax cuts that has ever been released against Obama’s tax cuts. It is a home run.” If you missed it, go to www.neverfindout.org watch the Income Tax video.

How is Sen. Obama going to pull off his tax cuts for 95% of Americans. According to today’s Wall Street Journal “It’s a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he’s also proposing one of the largest tax increases ever on the other 5%. But how does he conjure this miracle, especially since more than a third of all Americans already pay no income taxes at all?”

The Tax Foundation estimates that under the Obama plan, “63 million Americans, or 44% of all tax filers, would have no income tax liability and most of those would get a check from the IRS each year.”

The Heritage Foundation’s Center for Data Analysis estimates that “by 2011, under the Obama plan, an additional 10 million filers would pay zero taxes while cashing checks from the IRS.” Are we becoming a “Welfare Nation” as Fox News called it.

Obama’s tax cuts will literally retire your income. Let’s not wake up the morning after Election Day to find out we will be worse off then before.

Let’s never find out. Go to NeverFindOut.org and Let Freedom Ring.

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