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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: PROLIFE who wrote (55399)9/11/2012 12:26:24 PM
From: Peter Dierks2 Recommendations  Respond to of 71588
 
It is striking. Castro tried to position himself as a up from the ghettos kind of guy. Most guys in the ghetto don't have family paying for upscale private college and postgraduate school. When the headline speaker is a fraud, what does that say about the state of the democrat party?



To: PROLIFE who wrote (55399)10/7/2012 10:38:14 AM
From: greatplains_guy2 Recommendations  Respond to of 71588
 
Romney Is the Turnaround Expert U.S. Needs
For president
Posted: Oct. 7, 2012 | 2:04 a.m.


No state had a bigger stake in Wednesday's presidential debate than Nevada. No other state has suffered more economic hardship over the past five years. No state has a greater need for jobs than Nevada, which leads the nation with a real unemployment rate of at least 22 percent. No state will benefit more from a real economic recovery.

Nevada is one of a handful of swing states that will decide which man wins the White House one month from now. But Nevadans' impressions of Democratic President Barack Obama and Republican nominee Mitt Romney have been driven largely by negative advertising and stump speeches. Wednesday's debate marked the first time voters saw the men present, defend and contrast their ideas for how to grow the American economy and manage the executive branch of the federal government. Which man's leadership is more likely to spur investment in businesses and encourage companies to hire?

On Wednesday night, Nevadans watched Mr. Romney trounce the president. The evidence Mr. Romney systematically laid out exposed how the president's top-down interventions have virtually paralyzed our economy - and he presented a solution.

Nevadans need a president with a vision and political philosophy capable of restoring ingenuity, competition and excellence to our education and health care systems, of paring back the budget deficit and the explosive growth of our debt, of keeping energy affordable, of bringing back jobs and prosperity not just here, but in every American city with residents who want enough economic security to be able to take a Las Vegas vacation.

The answer is pro-growth tax and regulatory reform. The answer is tax and regulatory certainty for businesses. The answer is growing our way out of the budget deficit with a broader, simpler tax base and reduced rates and deductions for all - especially the risk-taker, the job creator and the entrepreneur. More jobs equals more taxpayers.

Mr. Obama has a much different recipe ...

lvrj.com



To: PROLIFE who wrote (55399)10/12/2012 9:46:14 AM
From: Peter Dierks1 Recommendation  Respond to of 71588
 
The Coming Romney Boom
Mona Charen
Oct 12, 2012

If Mitt Romney is elected and secures Republican control of both houses of Congress, the U.S. could be poised for a vertiginous economic snapback.

To understand how, consider that the Democratic explanation for our current malaise is utterly fallacious. Mr. Obama and his allies identify the "Bush tax cuts," "two wars that weren't paid for," and "deregulation" as the causes of America's present economic doldrums. But federal outlays as a percentage of GDP under George W. Bush averaged 19.6 percent. Under Obama, spending has ballooned to 24.1 percent of GDP. Much of Bush's spending was temporary (the two wars, one of which Obama expanded). But Obama's spending on new entitlements is permanent and bound to increase over time, further burdening a country already facing an entitlements crisis.

If President Obama really believed that spending "on a credit card" caused our troubles, he wouldn't have spent even more than Bush did, would he? He wouldn't have run up the debt to more than 100 percent of GDP or $16 trillion -- a figure, by the way, that Mr. Obama didn't know when David Letterman asked.

The Bush-did-it excuse also evaporates when you consider that the economy was starting to recover from the 2008 recession by mid-2009. According to Obama Administration figures, real GDP growth reached about 3 percent at the start of 2010. But it began to decline later in the year. What happened in 2010? The two signature initiatives of the Obama presidency were signed into law. Much has been written about the job-depressing consequences of Obamacare, less about the sclerotic effects of Dodd/Frank.

Dodd/Frank was the Democrats' answer to the financial crisis. Written by two men who contributed handsomely to the housing bubble, the law ignored Fannie and Freddie. It was supposed to prevent systemic threats to the financial system and prevent "too big to fail" banks from endangering the economy. Instead, it enshrined "too big to fail" -- which is why Mitt Romney described it as a "big kiss" to Wall Street banks.

Just as Obamacare creates an unaccountable board of 15 "experts" to dictate Medicare spending decisions, Dodd/Frank gave the new Consumer Financial Protection Bureau broad authority to regulate banks, credit unions, securities firms and a variety of other businesses. Yet the CFPB itself is totally unaccountable. Congress has no oversight as it doesn't have power of the purse. CFPB gets its funding from the Federal Reserve. By the terms of Dodd/Frank, the president can remove the bureau's head only under very limited circumstances. And the power of the courts to review CFPB actions is strictly curtailed. "As a whole, Dodd-Frank aggregates the power of all three branches of government in one unelected, unsupervised and unaccountable bureaucrat," explained former White House Counsel C. Boyden Gray, who is challenging the constitutionality of the law.

Dodd/Frank weighs in at more than 1600 pages, and has already spawned more than 8000 pages of regulations -- about 30 percent of the estimated total. Many small banks believe Dodd/Frank is putting them out of business. The Wall Street giants can afford to hire compliance officers, but smaller banks are crippled by the regulations. Compliance costs are cutting into banks' profit margins and limiting the capital available for lending.

Beyond compliance costs, banks and other institutions are stymied by the uncertainty about the 70 percent of Dodd/Frank regulations that have yet to be issued.

Even without tax reform, Mitt Romney and the Republicans could jumpstart an economic resurgence if they did just three things: 1) repeal Obamacare, 2) repeal Dodd/Frank and 3) and reverse the Obama policy of hindering domestic energy production.

As Walter Russell Mead documents in a fascinating series in the American Interest, the United States stands poised to become the world's largest producer of fossil fuels. "The energy abundance that helped propel the United States to global leadership ... is back; if the energy revolution now taking shape lives up to its full potential, we are headed into a new century in which the location of the world's energy resources and the structure of the world's energy trade support American affluence at home and power abroad."

But it will require a president not ideologically blinkered by a ruinous commitment to "green energy."

U.S. businesses are sitting on an estimated $2 trillion in liquid assets. They've been frightened into inaction, waiting for a better climate. It may be at hand.

townhall.com



To: PROLIFE who wrote (55399)11/5/2012 12:04:10 AM
From: greatplains_guy3 Recommendations  Respond to of 71588
 
I Didn't Leave the Democrats. They Left Me
There is an anti-Israel movement among the rank and file, and the party no longer appears to value self-reliance, charity and accountability.
November 4, 2012, 6:36 p.m. ET.

By SHELDON G. ADELSON
When members of the Democrat Party booed the inclusion of God and Jerusalem in their party platform this year, I thought of my parents.

They would have been astounded.

The immigrant family in which I grew up was, in the matter of politics, typical of the Jews of Boston in the 1930s and '40s. Of the two major parties, the Democrats were in those days the more supportive of Jewish causes.

Indeed, only liberal politicians campaigned in our underprivileged neighborhood. Boston's Republicans, insofar as we knew them, were remote, wealthy elites ("Boston Brahmins"), some of whose fancy country clubs didn't accept Jews.

It therefore went without saying that we were Democrats. Like most Jews around the country, being Democrat was part of our identity, as much a feature of our collective personality as our religion.

So why did I leave the party?

My critics nowadays like to claim it's because I got wealthy or because I didn't want to pay taxes or because of some other conservative caricature. No, the truth is the Democrat Party has changed in ways that no longer fit with someone of my upbringing.

One obvious example is the party's new attitude toward Israel. A sobering Gallup poll from last March asked: "Are your sympathies more with the Israelis or more with the Palestinians?" Barely 53% of Democrats chose Israel, the sole liberal democracy in the region. By contrast, an overwhelming 78% of Republicans sympathized with Israel.

Nowhere was this change in Democrat sympathies more evident than in the chilling reaction on the floor of the Democrat convention in September when the question of Israel's capital came up for a vote. Anyone who witnessed the delegates' angry screaming and fist-shaking could see that far more is going on in the Democrat Party than mere opposition to citing Jerusalem in their platform. There is now a visceral anti-Israel movement among rank-and-file Democrats, a disturbing development that my parents' generation would not have ignored.

Another troubling change is that Democrats seem to have moved away from the immigrant values of my old neighborhood—in particular, individual charity and neighborliness. After studying tax data from the IRS, the nonpartisan Chronicle of Philanthropy recently reported that states that vote Republican are now far more generous to charities than those voting Democrat. In 2008, the seven least-generous states all voted for President Obama. My father, who kept a charity box for the poor in our house, would have frowned on this fact about modern Democrats.

Democrats would reply that taxation and government services are better vehicles for helping the underprivileged. And, yes, government certainly has its role. But when you look at states where Democrats have enjoyed years of one-party dominance—California, Illinois, New York—you find that their liberal policies simply don't deliver on their promises of social justice.

Take, for example, President Obama's adopted home state. In October, a nonpartisan study of Illinois's finances by the State Budget Crisis Task Force offered painful evidence that liberal Illinois is suffering from abject economic, demographic and social decline. With the worst credit rating in the country, and with the second-biggest public debt per capita, the Prairie State "has been doing back flips on a high wire, without a net," according to the report.

Political scientist Walter Russell Mead summed up the sad results of these findings at The American Interest: "Illinois politicians, including the present president of the United States, have wrecked one of the country's potentially most prosperous and dynamic states, condemned millions of poor children to substandard education, failed to maintain vital infrastructure, choked business development and growth through unsustainable tax and regulatory policies—and still failed to appease the demands of the public sector unions and fee-seeking Wall Street crony capitalists who make billions off the state's distress."

At times, it seems almost as if President Obama wants to impose the failed Illinois model on the whole country. Each year of his presidency has produced unsustainable deficits, and he takes no responsibility for his spending. Worse still, unemployment has become chronic, and many Americans have given up on looking for work.

Whenever President Obama deplores the wealthy ("fat-cat bankers," "millionaires and billionaires," "at a certain point you've made enough money," and so on), it tells me that he has failed to learn the economic lessons of Illinois, and that he still doesn't understand the vital role entrepreneurs play in creating jobs in our society.

As a person who has been able to rise from poverty to affluence, and who has created jobs and work benefits for tens of thousands of families, I feel obligated to speak up and support the American ideals I grew up with—charity, self-reliance, accountability. These are the age-old virtues that help make our communities prosperous. Yet, sadly, the Democrat Party no longer seems to value them as it once did. That's why I switched parties, and why I'm now giving amply to Republicans.

Although I don't agree with every Republican position—I'm liberal on several social issues—there is enough common cause with the party for me to know I've made the right choice.

It's the choice that, I believe, my old immigrant Jewish neighbors would have made. They would not have let a few disagreements with Republicans void the importance of siding with the political party that better supports liberal democracies like Israel, the party that better exemplifies the spirit of charity, and the party with economic policies that would certainly be better for those Americans now looking for work.

The Democrat Party just isn't what it used to be.

Mr. Adelson is an entrepreneur and philanthropist.

online.wsj.com



To: PROLIFE who wrote (55399)1/2/2013 9:23:04 AM
From: Peter Dierks  Respond to of 71588
 
What's Happening in Washington Is a Joke
Dance of dunces
By JOHN CRUDELE
Last Updated: 3:19 AM, January 1, 2013

How many politicians does it take to screw up an economy?

One.

No, two.

Wait, let me think about this some more — how about 535, as in 435 House member plus 100 Senators.

Hold on, I forgot to include Obama. Can you give me a couple more weeks to answer?

What is happening in Washington right now is a joke — and a badly constructed one at that. Obama proved that yesterday afternoon by going in front of reporters at a White House press conference — all smiley and flip — despite the fact that serious negotiations were supposed to be going about the financial fate of our country.

Just back from their ill-deserved Christmas break, our leaders spent yesterday trying to cobble together a last minute, half-assed compromise that’ll keep full-blown tax increases and spending cuts from going into immediate effect.

The agreement, as it was being reported as I’m writing, won’t address any cuts in expenditures, but it will increase taxes on enough people — those married folks with incomes supposedly more than $450,000 a year, for instance — to allow our leaders to say they did something without really doing anything.

Oops. It turns out as of last night that they really did do nothing. The hard work will be left to the new Congress — which also will eventually decide to do nothing about our financial problems.

But Washington will be forced to increase the nation’s debt limit in the very near future. And the finger-pointing that will go with that discussion will cause more problems.

Meanwhile, our nation’s $16 trillion-plus debt level will continue to rise, and tax receipts paid to the government will probably decline thanks to the fear instilled in consumers and businesses by the so-called “fiscal cliff” and debt-limit negotiations.

This year’s federal deficit probably won’t be improved one nickel. Nice work, guys!

Three things will get Washington’s attention, and I hope all of them don’t happen at the same time.

First, the stock market could crash. Headlines like that seem to wake elected officials from their slumber, probably because they and their campaign contributors have assets invested on Wall Street.

Ben Bernanke’s Federal Reserve has been propping up the stock market, as you know. Interest rates are so low that anyone who needs to show a return on his or her investments is being forced to turn to Wall Street.

At some point, though, fundamentals like corporate earnings will take over, and this gamble will become too risky. And professional investors will take a hike.

The second shocking event would be if credit-ratings agencies downgraded US debt, as they’ve been threatening to do. That move would, at least theoretically, bring to Washington international embarrassment and cause the government to pay more to borrow money.

The third thing that could happen? The economy could go into a recession.

Official declarations of recessions are tricky things because they usually happen well after the fact. The last recession started in Dec. 2007 and lasted until June of 2009, according to the National Bureau of Economic Research, a private group.

But growth coming out of that recession has been so weak that job creation is very subpar. That slow growth is also causing Washington’s tax revenues to be weak at a time when money is needed to fight unemployment and wars.

In the July-through-September quarter the nation’s gross domestic product expanded at a mediocre 3.1 percent pace, up from just 1.3 percent in the spring quarter. Neither of those figures is trustworthy, because the government has a habit of using lower-than-realistic inflation figures to prop up economic growth.

And growth in the quarter that ended yesterday — which has not been tabulated yet — was probably hurt by the inability of the two political parties to play nicely on the fiscal cliff. Consumers shopped scared this Christmas, and companies couldn’t have felt much better.

Today is the start of a new year, so I’d like to wish you a happy 2013, despite the fact that it is starting on a somber note.

john.crudele@nypost.com

nypost.com