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Ron Paul chairs House committee hearing on abolishing the Fed
The Financial Services Subcommittee on Domestic Monetary Policy and Technology, chaired by Rep. Ron Paul, held hearing Tuesday to examine six legislative proposals that either reform or abolish the Federal Reserve System.
“More and more people are beginning to understand just how destructive the Federal Reserve's monetary policy has been. I hope that this hearing will kick start a serious discussion on the need to rein in the Fed,” said Chairman Paul. “100 years is far too long for Congress to have taken a hands-off approach. The Fed continues to reward Wall Street banks while destroying the dollar’s purchasing power and driving up the cost of living for average Americans. This reckless behavior must come to an end.”
Calls for reforming various aspects of the Federal Reserve System have existed since its creation in 1913. However, with the onset of the financial crisis of 2008-2009 and during the prolonged recession, calls for reform have escalated.
The Federal Reserve responded to the financial crisis with unconventional monetary easing, leading some to claim the Federal Reserve attempted to do too much to stimulate economic growth and set the stage for sustained inflation when the economy recovers. Slow economic growth, however, has led others to argue the Federal Reserve has not done enough and must be more accommodative in its conduct of monetary policy.
The six proposals that will be discussed by the Subcommittee on Tuesday are:
· H.R. 245, introduced by Rep. Mike Pence
· H.R. 1094, the Federal Reserve Board Abolition Act, introduced by Rep. Paul
· H.R. 1401, the Democratizing the Federal Reserve System Act, introduced by Rep. Marcy Kaptur
· H.R. 2990, the National Emergency Employment Defense Act, introduced by Rep. Dennis Kucinich
· H.R. 3428, introduced by Rep. Barney Frank
· H.R. 4180, the Sound Dollar Act, introduced by Rep. Kevin Brady
The Subcommittee’s hearing was held Tuesday, May 8 at 10 a.m. in room 2128 Rayburn House Office Building.
Yet another House member calls for Holder's resignation
This week, Representative Ben Quayle (R-AZ) became the 57th member of
Congress to call for the resignation of Attorney General Eric Holder
over the Fast and Furious scandal. In a statement, Rep. Quayle said:
"Fast and Furious was a fundamentally flawed operation. Since its implementation, U.S. Border Patrol Agent Brian Terry and numerous Mexican citizens have been killed by criminals using weapons that were allowed to ‘walk’ during the program. These weapons continue to pose a grave threat to people living near the Southern border. These facts alone signify a lack of leadership and control within the Justice Department that warrant the removal of those people who authorized and failed to supervise this damaging operation.
“When the incredible failures of Fast and Furious came to light, Attorney General Holder and his subordinates chose the route of evasion over forthrightness. They provided documents to Congress only when compelled to produce them with subpoena. These documents revealed that on February 4, 2011, senior officials at the Justice Department, the ATF and the Arizona U.S. Attorney’s Office responded to an inquiry by Senator Charles Grassley with a letter that contained categorically false information. Ten months later, the Justice Department was forced to rescind that letter—a move the attorney general acknowledged is extremely rare. During last week’s testimony before the House Judiciary Committee, the attorney general refused to take responsibility or hold any of his subordinates accountable for their handling of Fast and Furious. Mr. Holder himself called the operation ‘wholly unacceptable’ and ‘fundamentally flawed.’
“The fact that he hasn’t fired a single person shows that Attorney General Holder is more concerned with protecting himself and his political appointees than holding individuals accountable for Fast and Furious. I have refrained from calling for his resignation until he had a chance to testify before the Judiciary Committee. Asking for a cabinet member to resign is a serious step and one I take very seriously. After reflecting on last week’s testimony, the operation, and Mr. Holder’s handling of the fallout, I have lost all confidence in his ability to lead the Justice Department. I call for his immediate resignation.”
"Fast and Furious was a fundamentally flawed operation. Since its implementation, U.S. Border Patrol Agent Brian Terry and numerous Mexican citizens have been killed by criminals using weapons that were allowed to ‘walk’ during the program. These weapons continue to pose a grave threat to people living near the Southern border. These facts alone signify a lack of leadership and control within the Justice Department that warrant the removal of those people who authorized and failed to supervise this damaging operation.
“When the incredible failures of Fast and Furious came to light, Attorney General Holder and his subordinates chose the route of evasion over forthrightness. They provided documents to Congress only when compelled to produce them with subpoena. These documents revealed that on February 4, 2011, senior officials at the Justice Department, the ATF and the Arizona U.S. Attorney’s Office responded to an inquiry by Senator Charles Grassley with a letter that contained categorically false information. Ten months later, the Justice Department was forced to rescind that letter—a move the attorney general acknowledged is extremely rare. During last week’s testimony before the House Judiciary Committee, the attorney general refused to take responsibility or hold any of his subordinates accountable for their handling of Fast and Furious. Mr. Holder himself called the operation ‘wholly unacceptable’ and ‘fundamentally flawed.’
“The fact that he hasn’t fired a single person shows that Attorney General Holder is more concerned with protecting himself and his political appointees than holding individuals accountable for Fast and Furious. I have refrained from calling for his resignation until he had a chance to testify before the Judiciary Committee. Asking for a cabinet member to resign is a serious step and one I take very seriously. After reflecting on last week’s testimony, the operation, and Mr. Holder’s handling of the fallout, I have lost all confidence in his ability to lead the Justice Department. I call for his immediate resignation.”
Feds issue warning. Are ecoterrorists targeting U.S. gas pipelines?
Someone is launching a massive cyberterrorist attack in U.S. natural gas pipelines, but federal authorities will not identify the group behind it.
Radical environmentalists groups, known for resorting to terrorism, have vowed to stop natural gas production in the United States.
"At least three confidential 'amber' alerts – the second most sensitive next to 'red' – were issued by DHS [Department of Homeland Security] beginning March 29, all warning of a 'gas pipeline sector cyber intrusion campaign' against multiple pipeline companies," The Christian Science Monitor reports.
"That fact was reaffirmed late Friday in a public, albeit less detailed, 'incident response' report from the Industrial Control Systems Cyber Emergency Response Team (ICS-CERT), an arm of DHS based in Idaho Falls, Idaho. It reiterated warnings in the earlier confidential alerts made directly to pipeline companies and some power companies," the Monitor reports.
"ICS-CERT has recently identified an active series of cyber intrusions targeting natural gas pipeline sector companies," the confidential April 13 alert warns. "Multiple natural gas pipeline organizations have reported either attempts or intrusions related to this campaign. The campaign appears to have started in late December 2011 and is active today."
The group behind the attacks has been sending emails, embedded with malware viruses, to people within the targeted companies. When the email is clicked on or opened the attacker can then gain access to the computer network.
From there, the attackers can gain access to control systems managing pipeline pressure and flow, which would allow them to sabotage the infrastructure, triggering explosions.
"...It's a concern because if they access the corporate network it's often just a short step to the next level and right into their control system network," Jonathan Pollet, founder of Red Tiger Security, tells the Monitor.
Environmentalists have already targeted gas pipelines for sabotage and terrorism. Ecoterrorist Daniel Herriman pleaded guilty in August 2011 to attaching bombs to Oklahoma gas pipeline.
Radical environmentalists groups, known for resorting to terrorism, have vowed to stop natural gas production in the United States.
"At least three confidential 'amber' alerts – the second most sensitive next to 'red' – were issued by DHS [Department of Homeland Security] beginning March 29, all warning of a 'gas pipeline sector cyber intrusion campaign' against multiple pipeline companies," The Christian Science Monitor reports.
"That fact was reaffirmed late Friday in a public, albeit less detailed, 'incident response' report from the Industrial Control Systems Cyber Emergency Response Team (ICS-CERT), an arm of DHS based in Idaho Falls, Idaho. It reiterated warnings in the earlier confidential alerts made directly to pipeline companies and some power companies," the Monitor reports.
"ICS-CERT has recently identified an active series of cyber intrusions targeting natural gas pipeline sector companies," the confidential April 13 alert warns. "Multiple natural gas pipeline organizations have reported either attempts or intrusions related to this campaign. The campaign appears to have started in late December 2011 and is active today."
The group behind the attacks has been sending emails, embedded with malware viruses, to people within the targeted companies. When the email is clicked on or opened the attacker can then gain access to the computer network.
From there, the attackers can gain access to control systems managing pipeline pressure and flow, which would allow them to sabotage the infrastructure, triggering explosions.
"...It's a concern because if they access the corporate network it's often just a short step to the next level and right into their control system network," Jonathan Pollet, founder of Red Tiger Security, tells the Monitor.
Environmentalists have already targeted gas pipelines for sabotage and terrorism. Ecoterrorist Daniel Herriman pleaded guilty in August 2011 to attaching bombs to Oklahoma gas pipeline.
Republican Executive Committee Member Calls for Resignation of RNC Chairman Reince Priebus
Due to an alleged violation of the
national GOP's Rule # 11 (bans favoritism of one candidate while more
than one candidate exists), an Executive Committee member within the GOP
calls for the resignation of RNC Chairman Reince Priebus.
Washington, DC, May 07, 2012 --(PR.com)-- Jeffrey Bales, a Member-at-Large of the Pima County GOP Executive Committee (Tucson, Arizona), says:
“Due to violation of the RNC's Rule #11, I call for Chairman Reince Priebus to resign immediately. It is un-American and beneath the standards established by the Republican Party to violate this rule. It is unethical to support a single Republican Presidential candidate (Mitt Romney) while other Republican candidates remain in the race.
"Further, I call upon Mitt Romney to denounce this behavior and ask that the RNC repair the breach of trust by including the other remaining Republican Presidential candidate, Dr. Ron Paul, in any dispensation of funds, effort and labor. It would benefit all Americans if Mitt Romney would further clarify the fact that 2 candidates remain if he challenged Dr. Ron Paul to a debate."
Rule #11 states:
"Rule No. 11 Candidate Support
(a) The Republican National Committee shall not, without the prior written and filed approval of all members of the Republican National Committee from the state involved, contribute money or in-kind aid to any candidate for any public or party office except the nominee of the Republican Party or a candidate who is unopposed in the Republican primary after the filing deadline for that office. In those states where state law establishes a nonpartisan primary in which Republican candidates could participate, but in which the general election may not include a Republican candidate, the candidate endorsed by a convention held under the authority of the state Republican Party shall be recognized by the Republican National Committee as the Republican nominee.
(b) No state Republican Party rule or state law shall be observed that allows persons who have participated or are participating in the selection of any nominee of a party other than the Republican Party, including, but not limited to, through the use of a multiparty primary or similar type ballot, to participate in the selection of a nominee of the Republican Party for that general election. No person nominated in violation of this rule shall be recognized by the Republican National Committee as the nominee of the Republican Party from that state."
Official RNC rules are available online at: http://www.gop.com/images/legal/2008_RULES_Adopted.pdf
This call for resignation is based upon statements released by the RNC on 4/25/12 that said,
“Governor Romney’s strong performance and delegate count at this stage of the primary process has made him our party’s presumptive nominee,” Mr. Priebus said. “In order to maximize our efforts I have directed my staff at the R.N.C. to open lines of communication with the Romney campaign.”
and
“It’s my intention to have a seamless and complete merger between the presumptive nominee and the Republican National Committee,” Mr. Priebus said. “That means political, communications, fund-raising, research and the chairman’s office, along with the governor’s main operational team, are completely merged.”
Governor Gary Johnson wins Libertarian presidential nomination
The Libertarian Party nominated former New Mexico
Governor Gary Johnson for President of the United States, expressing
confidence he will be able to find effective small-government solutions
to the country’s most pressing problems and mount a strong challenge to
his major party rivals.
Mr. Johnson was declared the party’s Presidential nominee after he won 70% percent of the vote in the first round of balloting, receiving 419 of the 595 votes cast.
His closest challenger, R. Lee Wrights of Texas, finished second with 152 votes.
In his acceptance speech, Mr. Johnson promised to present a clear and viable alternative to major party candidates, saying his victory in November will offer Americans effective solutions to slow economic growth, high unemployment and endless foreign military commitments that sap the country’s financial strengths. America, for the first time in modern history, is poised to reject the tired two-party duopoly that has brought the nation to its knees economically.
“I am honored and I just want to pledge that no one will be disappointed. We’re going to grow the Libertarian Party.” said Mr. Johnson.
A successful businessman who lives in Taos, NM. Mr. Johnson is known as an unwavering crusader for fiscal responsibility, free enterprise and individual freedoms. During his gubernatorial tenure, he used his veto pen more than 750 times to forestall attempts to grow government and put an end to wasteful government projects. He cut taxes 14 while maintaining New Mexico as one of only four states in the country with a balanced budget. The state boasted a $1 billion budget surplus when Mr. Johnson left office in 2003.
The nominee’s biography can be found at garyjohnson2012.com/about
Mr. Johnson’s running mate will be chosen later today and can be watched live on C-SPAN. If no candidate for Vice President attains a majority on the first ballot, the candidate finishing last will be eliminated from the race. In addition, any candidate polling less than 5 percent will also be eliminated from the subsequent ballot. A candidate securing a majority of convention delegates will be the Vice Presidential nominee.
“I am convinced that Gary Johnson will be an exceptional candidate, and a very successful President,” said Mark Hinkle, Libertarian Party Chair. “We have an impressive roster of talent this year to challenge our Big Government opponents not only in the race for the White House, but also in state and local races. The major parties offer Americans only one solution: Bigger government. Libertarians will show voters how we can make government small while dramatically increasing jobs, lowering taxes, and scaling back government debt.”
Yesterday the convention approved a new party platform, which leaves unchanged the fundamental tenants of the Libertarian Party: Individuals should be free to make choices for themselves and to accept responsibility for the consequences of the choices they make. Changes adopted by party delegates were generally ones that improve the wording or clarity of the party’s intent to advance liberty and shrink Big Government. One significant change adopted was to add ballot initiatives to the party’s mission.
Mr. Johnson was declared the party’s Presidential nominee after he won 70% percent of the vote in the first round of balloting, receiving 419 of the 595 votes cast.
His closest challenger, R. Lee Wrights of Texas, finished second with 152 votes.
In his acceptance speech, Mr. Johnson promised to present a clear and viable alternative to major party candidates, saying his victory in November will offer Americans effective solutions to slow economic growth, high unemployment and endless foreign military commitments that sap the country’s financial strengths. America, for the first time in modern history, is poised to reject the tired two-party duopoly that has brought the nation to its knees economically.
“I am honored and I just want to pledge that no one will be disappointed. We’re going to grow the Libertarian Party.” said Mr. Johnson.
A successful businessman who lives in Taos, NM. Mr. Johnson is known as an unwavering crusader for fiscal responsibility, free enterprise and individual freedoms. During his gubernatorial tenure, he used his veto pen more than 750 times to forestall attempts to grow government and put an end to wasteful government projects. He cut taxes 14 while maintaining New Mexico as one of only four states in the country with a balanced budget. The state boasted a $1 billion budget surplus when Mr. Johnson left office in 2003.
The nominee’s biography can be found at garyjohnson2012.com/about
Mr. Johnson’s running mate will be chosen later today and can be watched live on C-SPAN. If no candidate for Vice President attains a majority on the first ballot, the candidate finishing last will be eliminated from the race. In addition, any candidate polling less than 5 percent will also be eliminated from the subsequent ballot. A candidate securing a majority of convention delegates will be the Vice Presidential nominee.
“I am convinced that Gary Johnson will be an exceptional candidate, and a very successful President,” said Mark Hinkle, Libertarian Party Chair. “We have an impressive roster of talent this year to challenge our Big Government opponents not only in the race for the White House, but also in state and local races. The major parties offer Americans only one solution: Bigger government. Libertarians will show voters how we can make government small while dramatically increasing jobs, lowering taxes, and scaling back government debt.”
Yesterday the convention approved a new party platform, which leaves unchanged the fundamental tenants of the Libertarian Party: Individuals should be free to make choices for themselves and to accept responsibility for the consequences of the choices they make. Changes adopted by party delegates were generally ones that improve the wording or clarity of the party’s intent to advance liberty and shrink Big Government. One significant change adopted was to add ballot initiatives to the party’s mission.
ATP does it again! American Tradition Partnership Kills $100M Col. Utility Rate Hike
American Tradition Partnership Members Hold Off Colorado Utility Rate Hike
“Green” Energy Plan Would Have Hiked Rates by $50 to $100 Million
Denver, CO – With just hours until the General Assembly’s “crossover deadline” when legislation must pass through at least one house of the legislature or be declared dead, American Tradition Partnership (ATP) members lit up Colorado Senate phones and effectively stopped passage of S.B. 178.
If passed, S.B. 178 would force Colorado consumers to purchase an even greater percentage of renewable energy despite studies that show adding wind and solar to the utility grid actually cause more pollution.
Since renewable energy is much more expensive than traditional energy sources like coal and natural gas, S.B. 178 could have raised utility rates across Colorado by an estimated $50-$100 million or 25%.
Donald Ferguson, Executive Director of American Tradition Partnership – a grassroots organization dedicated to protecting property rights and battling environmental overreach stated, “Today’s defeat of S.B. 178 was a huge victory for hardworking Coloradans.”
“S.B. 178 was a last-ditch effort to salvage Colorado’s ‘renewable energy mandate.’ The Colorado Attorney General’s Office testified the current standard likely violates the U.S. Constitution.
ATP is currently a plaintiff in the lawsuit seeking to overturn Colorado’s Renewable Energy Standard in federal court for violating the Commerce Clause of the United States Constitution. S.B. 178 was designed to overcome the legal complaints brought by ATP.
Currently, 30 states have some sort of renewable energy mandate and Ferguson is hopeful Colorado could be the linchpin in unraveling these schemes across the country, saying “S.B. 178 would have only made the current situation worse.”
Ferguson explained why these green schemes are a bad deal for consumers saying, “Just like the Solyndra scandal, so-called ‘renewable energy’ mandates are just another example of radical environmentalists using government force to line their own pockets at the expense of everyday Americans.
“And perhaps the most maddening thing is that renewable energy mandates do nothing to improve the environment! Even President Obama’s EPA noted that the manufacturing process to create ‘green’ energy installations causes a jaw-dropping amount of pollution. And studies show adding renewables to the grid results in more pollution than running coal or natural gas as baseload power sources.”
“The answer to America’s energy problems is the free market. Government – and especially these schemes pushed by the radical environmentalists are getting us nowhere fast. Just take a look at the price at the pump next time you get gas.”
###
“Green” Energy Plan Would Have Hiked Rates by $50 to $100 Million
Denver, CO – With just hours until the General Assembly’s “crossover deadline” when legislation must pass through at least one house of the legislature or be declared dead, American Tradition Partnership (ATP) members lit up Colorado Senate phones and effectively stopped passage of S.B. 178.
If passed, S.B. 178 would force Colorado consumers to purchase an even greater percentage of renewable energy despite studies that show adding wind and solar to the utility grid actually cause more pollution.
Since renewable energy is much more expensive than traditional energy sources like coal and natural gas, S.B. 178 could have raised utility rates across Colorado by an estimated $50-$100 million or 25%.
Donald Ferguson, Executive Director of American Tradition Partnership – a grassroots organization dedicated to protecting property rights and battling environmental overreach stated, “Today’s defeat of S.B. 178 was a huge victory for hardworking Coloradans.”
“S.B. 178 was a last-ditch effort to salvage Colorado’s ‘renewable energy mandate.’ The Colorado Attorney General’s Office testified the current standard likely violates the U.S. Constitution.
ATP is currently a plaintiff in the lawsuit seeking to overturn Colorado’s Renewable Energy Standard in federal court for violating the Commerce Clause of the United States Constitution. S.B. 178 was designed to overcome the legal complaints brought by ATP.
Currently, 30 states have some sort of renewable energy mandate and Ferguson is hopeful Colorado could be the linchpin in unraveling these schemes across the country, saying “S.B. 178 would have only made the current situation worse.”
Ferguson explained why these green schemes are a bad deal for consumers saying, “Just like the Solyndra scandal, so-called ‘renewable energy’ mandates are just another example of radical environmentalists using government force to line their own pockets at the expense of everyday Americans.
“And perhaps the most maddening thing is that renewable energy mandates do nothing to improve the environment! Even President Obama’s EPA noted that the manufacturing process to create ‘green’ energy installations causes a jaw-dropping amount of pollution. And studies show adding renewables to the grid results in more pollution than running coal or natural gas as baseload power sources.”
“The answer to America’s energy problems is the free market. Government – and especially these schemes pushed by the radical environmentalists are getting us nowhere fast. Just take a look at the price at the pump next time you get gas.”
###
Economy worsens as more Americans give up looking for work
Democrats are hailing new government report showing unemployment has fallen to 8.1 percent in April.
But the real numbers are sobering, and worrisome for millions of Americans.
For one, in eleven of the last twelve months the initial unemployment figure has had to be "revised" to show it was higher than initially reported. So, in fact, the employment rate may actually have increased in April.
And second, the unemployment rate is calculated as what percentage of the labor force do not have a job and are looking for one. In April labor force participation plunged to 63.6 percent, the worst it's been since December 1981.
The reason the unemployment rate fell is because the number of Americans who have given up looking for a job growing. It's certainly not because enough jobs are being created.
Employers added 115,000 jobs last month. It's the smallest increase in six months.
Even The Washington Post's reliably liberal Ezra Klein tweeted "Unemployment rate down to 8.1%, but for the wrong reason: people dropping out of labor force."
If labor force participation were the same as it were in March the unemployment rate would have risen to 8.4 percent. Were it the same as when Obama took office, the unemployment rate would be over 10 percent.
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But the real numbers are sobering, and worrisome for millions of Americans.
For one, in eleven of the last twelve months the initial unemployment figure has had to be "revised" to show it was higher than initially reported. So, in fact, the employment rate may actually have increased in April.
And second, the unemployment rate is calculated as what percentage of the labor force do not have a job and are looking for one. In April labor force participation plunged to 63.6 percent, the worst it's been since December 1981.
The reason the unemployment rate fell is because the number of Americans who have given up looking for a job growing. It's certainly not because enough jobs are being created.
Employers added 115,000 jobs last month. It's the smallest increase in six months.
Even The Washington Post's reliably liberal Ezra Klein tweeted "Unemployment rate down to 8.1%, but for the wrong reason: people dropping out of labor force."
If labor force participation were the same as it were in March the unemployment rate would have risen to 8.4 percent. Were it the same as when Obama took office, the unemployment rate would be over 10 percent.
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Arizona 'Neo-Nazi' shooter a registered Democrat who praised Obama
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JT Ready was a Democrat candidate for Pinal County Sheriff. |
He's in fact a registered Democrat who praised Obama.
From none other than the Talking Points Memo just a few months ago.
"But elections records show he switched parties Jan. 13 and plans to run as a Democrat.
"He told TPM on Monday that he respects the Democratic Party’s history, saying it was the party that brought about Jim Crow laws and Alabama’s segregationist Gov. George Wallace. He said he also has a problem with tough-talking Republican sheriffs like Joe Arpaio and Babeu.
"All these, quote, border hero sheriffs — they sit there blaming the president while they’re not doing everything they can do,' Ready said.
"Obama is 'definitely not perfect in my book,' he added, but the Democratic president has sent more troops to the border and deported more immigrants than the sheriffs could ever hope to.
"Ready said he’s no longer a member of the National Socialist Movement..."
(HT Brooks Bayne)
ObamaCare program claims packs of stray dogs control major cities
The idea of major American cities being controlled by packs of stray dogs may have been a gag to Will Ferrell, but Barack Obama is spending taxpayer money to fight them.
The Obama administration is spending part of the ObamaCare slush fund to spay and neuter pets, Paul Bedard reports.
Why are health care funds being spent to spay and neuter animals instead of providing health care?
Organizers claim, and I'm not kidding, the reason Americans don't exercise is they are afraid to leave their homes out of fear of dog attacks.
The actual Obama-funded flyer:
The Obama administration is spending part of the ObamaCare slush fund to spay and neuter pets, Paul Bedard reports.
Why are health care funds being spent to spay and neuter animals instead of providing health care?
Organizers claim, and I'm not kidding, the reason Americans don't exercise is they are afraid to leave their homes out of fear of dog attacks.
The actual Obama-funded flyer:
Big-spending backer abandons Lugar as polls plunge
"The American Action Network is pulling out of the Indiana GOP Senate
primary, dropping its efforts on behalf of embattled Sen. Dick Lugar
less than two weeks before the May 8 election," POLITICO reports just minutes ago.
The group is dropping all television ads after Tuesday and has ceased online efforts to save Lugar. AAN has bombarded the airwaves for weeks with television ads hammering conservative challenger Richard Mourdock.
Despite the heavy spending on behalf of Lugar the senior senator has fallen behind in polling in the May 8 election, prompting AAN to abandon Lugar.
"We've decided we're going to let this race play out," AAN spokesman Dan Consto tells POLITICO.
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The group is dropping all television ads after Tuesday and has ceased online efforts to save Lugar. AAN has bombarded the airwaves for weeks with television ads hammering conservative challenger Richard Mourdock.
Despite the heavy spending on behalf of Lugar the senior senator has fallen behind in polling in the May 8 election, prompting AAN to abandon Lugar.
"We've decided we're going to let this race play out," AAN spokesman Dan Consto tells POLITICO.
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Voters have no faith in Obama or Romney's economic policies
For Americans heading to the polls this November only one issue matters -- creating jobs.
But an overwhelming majority of those voters say neither Barack Obama or Mitt Romney can do it.
A new Fox News poll released yesterday shows 61 percent of registered voters say Obama does not have "a clear plan for fixing the economy." That number rises to 68 percent among the independent voters who will decide the election and is 58 percent among women. Only 36 percent of registered voters expressed confidence in Obama's economic policies.
The numbers are just as bad for Romney. 58 percent of registered voters say Romney does not have "clear plan for fixing the economy," with only 31 percent expressing confidence in his economic policies. 54 percent of women polled say Romney has no plan to fix the economy.
That means voters are desperately looking for a candidate with a clear, practical, proven and believable plan to fix the economy, and they're not getting it from Republicans or Democrats. Creating jobs is far and away the most important issue in this election year, especially to the growing number of independent voters not wedded to either party.
The situation is worse for Obama. A re-election campaign is essentially a referendum on trust in the incumbent, and voters have none. The poll shows Romney with a 13-point edge among independents.
The election will come down to one thing. Can Obama convince enough independent voters in swing states that things will get better if he's re-elected?
But an overwhelming majority of those voters say neither Barack Obama or Mitt Romney can do it.
A new Fox News poll released yesterday shows 61 percent of registered voters say Obama does not have "a clear plan for fixing the economy." That number rises to 68 percent among the independent voters who will decide the election and is 58 percent among women. Only 36 percent of registered voters expressed confidence in Obama's economic policies.
The numbers are just as bad for Romney. 58 percent of registered voters say Romney does not have "clear plan for fixing the economy," with only 31 percent expressing confidence in his economic policies. 54 percent of women polled say Romney has no plan to fix the economy.
That means voters are desperately looking for a candidate with a clear, practical, proven and believable plan to fix the economy, and they're not getting it from Republicans or Democrats. Creating jobs is far and away the most important issue in this election year, especially to the growing number of independent voters not wedded to either party.
The situation is worse for Obama. A re-election campaign is essentially a referendum on trust in the incumbent, and voters have none. The poll shows Romney with a 13-point edge among independents.
The election will come down to one thing. Can Obama convince enough independent voters in swing states that things will get better if he's re-elected?
Democrats vow to kill yet another jobs bill
Senate Democrats have vowed to obstruct efforts to put approval of the Keystone jobs pipeline in legislation to be voted upon this week.
“Keystone is a program that we’re not going, that I am not going to help in any way I can,” Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters.
“The president feels that way,” Reid emphasized.
Upping the ante in Democrats’ efforts to kill the pipeline, seven of the eight slots given to Democrats on a conference committee to has out legislation went to Democrats who voted to kill the jobs pipeline.
The other, Montana Democrat Max Baucus, promised in writing he would not support Keystone as a member of the committee.
Democrats’ efforts to kill the pipeline come as rising unemployment and gas prices are putting millions of American families beyond their financial breaking point.
“Keystone is a program that we’re not going, that I am not going to help in any way I can,” Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters.
“The president feels that way,” Reid emphasized.
Upping the ante in Democrats’ efforts to kill the pipeline, seven of the eight slots given to Democrats on a conference committee to has out legislation went to Democrats who voted to kill the jobs pipeline.
The other, Montana Democrat Max Baucus, promised in writing he would not support Keystone as a member of the committee.
Democrats’ efforts to kill the pipeline come as rising unemployment and gas prices are putting millions of American families beyond their financial breaking point.
Democrats' 'Freshman of the Year' Rep. Ron Reynolds arrested
Texas State Rep. Ron Reynolds has been arrested, jailed and charged with illegally soliciting clients for his law practice. He is now free on $50,000.00 bond. Reynolds is scheduled to appear in court Thursday.
The story does not mention his party affiliation, so, yes, he is a Democrat.
He was previously fined $10,000.00 by the Texas Ethics Commission for refusing to file legally-required disclosure statements.
"Since Reynolds first ran for office in 2008, he’s missed numerous financial disclosure deadlines, KXAN's investigation showed," KXAN reports.
"He failed to submit his Personal Financial Statement for 2008, 2010 and 2011. He was not required to file on in 2009 because he was not a candidate or elected official for that year.
"Failure to file a Personal Financial Statement is a Class B Misdemeanor. If convicted, the penalty is up to 180 days in jail, a fine of up to $2,000, or both.
"In addition, the Texas Election Code prohibits any state candidate for state office from accepting contributions or making expenditures until a campaign treasurer report is filed with the Texas Ethics Commission. Records obtained through the Texas Public Information Act show The Texas Ethics Commission voted to terminate Reynolds' campaign treasure appointment, effective May 16, 2009.
"Reynolds didn’t file a new appointment until Jan. 19. In the meantime, he raised $129,914 and spent $110,484 in campaign funds . Violating the Election Code regarding raising or spending funds without a campaign treasurer appointment is a Class A Misdemeanor. If convicted of a Class A Misdemeanor, the penalty is up to a year in jail, a fine of up to $4,000 or both.
"The investigation also show that a Federal Tax Lien filed against Reynolds in Fort Bend County indicating that he owes the Internal Revenue Service $59,122. Court filings also show Reynolds and his law firm own $10,466.56 plus interest on a debt to Martindale-Hubble.
"Reynolds' law firm, Brown, Brown & Reynolds, is listed as being in Tax Forfeiture by the Secretary of State’s office, effective Dec. 10.
"Records filed at the Secretary of State’s office shows other entities involving Reynolds were involuntarily dissolved or forfeited because the credit card used to pay the fee was declined."
While under investigation for all that, he was nonetheless named "Freshman of the Year" by the House Democrat Caucus.
“I was proud to announce that Ron was our Freshman of the Year,” said Jessica Farrar, House Democratic Leader. His legislative paycheck is being garnished to collect the fines for disclosure violations.
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The story does not mention his party affiliation, so, yes, he is a Democrat.
He was previously fined $10,000.00 by the Texas Ethics Commission for refusing to file legally-required disclosure statements.
"Since Reynolds first ran for office in 2008, he’s missed numerous financial disclosure deadlines, KXAN's investigation showed," KXAN reports.
"He failed to submit his Personal Financial Statement for 2008, 2010 and 2011. He was not required to file on in 2009 because he was not a candidate or elected official for that year.
"Failure to file a Personal Financial Statement is a Class B Misdemeanor. If convicted, the penalty is up to 180 days in jail, a fine of up to $2,000, or both.
"In addition, the Texas Election Code prohibits any state candidate for state office from accepting contributions or making expenditures until a campaign treasurer report is filed with the Texas Ethics Commission. Records obtained through the Texas Public Information Act show The Texas Ethics Commission voted to terminate Reynolds' campaign treasure appointment, effective May 16, 2009.
"Reynolds didn’t file a new appointment until Jan. 19. In the meantime, he raised $129,914 and spent $110,484 in campaign funds . Violating the Election Code regarding raising or spending funds without a campaign treasurer appointment is a Class A Misdemeanor. If convicted of a Class A Misdemeanor, the penalty is up to a year in jail, a fine of up to $4,000 or both.
"The investigation also show that a Federal Tax Lien filed against Reynolds in Fort Bend County indicating that he owes the Internal Revenue Service $59,122. Court filings also show Reynolds and his law firm own $10,466.56 plus interest on a debt to Martindale-Hubble.
"Reynolds' law firm, Brown, Brown & Reynolds, is listed as being in Tax Forfeiture by the Secretary of State’s office, effective Dec. 10.
"Records filed at the Secretary of State’s office shows other entities involving Reynolds were involuntarily dissolved or forfeited because the credit card used to pay the fee was declined."
While under investigation for all that, he was nonetheless named "Freshman of the Year" by the House Democrat Caucus.
“I was proud to announce that Ron was our Freshman of the Year,” said Jessica Farrar, House Democratic Leader. His legislative paycheck is being garnished to collect the fines for disclosure violations.
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Portugal admits Keynesian economics are a failure
"Defending
austerity is not getting any easier for Europe’s politicians. And Vitor
Gaspar, Portugal’s finance minister, has it harder than others. The
country’s unemployment rate is 14 percent, and its economy, which has
been stagnant for years, is expected to shrink another 3.3 percent in
2012," The New York Times writes.
"Opponents of austerity may cite Portugal as a country that could benefit from economic stimulus and kinder budget cuts. But Mr. Gaspar, speaking to The New York Times last week, has a message for observers who say Europe needs to substantially relax its austerity approach: We tried stimulus and it backfired."
"My country definitely provides a cautionary tale that shows that, in some instances, short-run expansionary policies can be counterproductive," Gaspar tells the Times.
Europe's failed experiment in government-run economies has resulted in collapse, bankruptcy, bailouts, massive unemployment, riots, arson and human suffering.
And America's economic collapse has its roots is government interference in the economy. After decades of banks refusing to offer home loans to people who clearly could not pay them back the government's "Community Reinvestment Act" and hearings accuse banks of racism bullied lenders into offering subprime mortgages. The government-inflated bubble eventually burst, toppling the economy like a line of dominoes.
The sad fact is while Americans and even now Europeans see the failure of government-directed "stimulus" programs, Democrats and Republicans don't. Republicans masterminded the bank bailouts and Democrats still defend Obama's failed "stimulus."
Originally blogged at LNCC
"Opponents of austerity may cite Portugal as a country that could benefit from economic stimulus and kinder budget cuts. But Mr. Gaspar, speaking to The New York Times last week, has a message for observers who say Europe needs to substantially relax its austerity approach: We tried stimulus and it backfired."
"My country definitely provides a cautionary tale that shows that, in some instances, short-run expansionary policies can be counterproductive," Gaspar tells the Times.
Europe's failed experiment in government-run economies has resulted in collapse, bankruptcy, bailouts, massive unemployment, riots, arson and human suffering.
And America's economic collapse has its roots is government interference in the economy. After decades of banks refusing to offer home loans to people who clearly could not pay them back the government's "Community Reinvestment Act" and hearings accuse banks of racism bullied lenders into offering subprime mortgages. The government-inflated bubble eventually burst, toppling the economy like a line of dominoes.
The sad fact is while Americans and even now Europeans see the failure of government-directed "stimulus" programs, Democrats and Republicans don't. Republicans masterminded the bank bailouts and Democrats still defend Obama's failed "stimulus."
Originally blogged at LNCC
U.S. tax laws force Americans to choose between citizenship, divorce or jail
No man should have to leave the United States to seek freedom, but under our current tax regime that’s exactly what’s happening.
Last year nearly 1,800 Americans renounced their U.S. citizenship or handed over their green cards, Reuters reports. They love the United States and consider themselves proud Americans, but complicated, uneven U.S. tax laws force many to renounce their citizenship to avoid being forced to divorce or go to jail for laws tax attorneys can’t even interpret.
That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined…
…The United States is one of the only countries to tax its citizens on income earned while they’re living abroad. And just as Americans stateside must file tax returns each April – this year, the deadline is Tuesday – an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.
The National Taxpayer Advocate’s Office, part of the IRS, released a report in December that details the difficulties of filing taxes from overseas. It cites heavy paperwork, a lack of online filing options and a dearth of local and foreign-language resources.
For those wishing to legally escape the filing requirements, the only way is to formally renounce their U.S. citizenship. Last year, IRS records show that at least 1,788 people did, and that’s likely an underestimate. The IRS publishes in the Federal Register the names of those who give up their citizenship, and some who renounced say they haven’t seen their name on the list yet…
…But those of more modest means renounce, too. They say leaving America is about more than money; it’s about privacy and red tape.
On April 7, 2011, Peter Dunn raised his right hand before a U.S. consular officer in Toronto and swore that he understood the consequences of giving up his U.S. citizenship. Dunn, a dual U.S.-Canadian citizen who has lived outside the United States since 1986, says he renounced because he felt American citizenship had become more of a liability than a privilege.
As an American, Dunn had to file tax returns and report all of his bank accounts – even joint accounts and his Canadian retirement fund. If he didn’t, he would be breaking U.S. law and could face penalties of up to $100,000 or 50 percent of his undeclared accounts, whichever is larger. Dunn says he was tired of tracking IRS policy changes, and he had no intention of returning to the United States. Renouncing his citizenship, as he puts it, was “a no-brainer.”
“If it was just me then it would be one thing,” says Dunn, a part-time investor who worried that having to share information with the IRS would deter future business partners – and upset his wife, who is Canadian. “Disclosing joint accounts I hold with my wife and anyone I ever want to do business with – that’s just too much. My wife’s account is none of their business.”…
…Around the world, American women’s clubs – known for promoting American culture overseas through Fourth of July celebrations and Thanksgiving dinners – are growing empathetic toward those who renounce.
The American Women’s Club in Dusseldorf, for instance, now links to renunciation information on its Website. The Federation of American Women’s Clubs Overseas has opposed new IRS rules, in part because the rules were pushing members to give up their citizenship. “The candidates are not tax-evaders or un-patriots,” reads the organization’s last annual report.
In Europe, American women say they feel pressure to renounce even from their husbands.
“American women married to non-Americans are only just now finding out that they have to disclose years and years of income and accounts,” says Lucy Stensland Laederich, a leader of the women’s club who lives in Bordeaux, France.
Laederich has been acting as the group’s liaison with politicians and bureaucrats in Washington, D.C., and plans to attend a meeting to discuss expatriate tax issues with Maloney and Treasury Department officials on Tuesday.
“When they decide to come clean and report everything,” she says, “they have to go ask their husbands for all of their bank information, retirement funds, and investment accounts, everything.”
Some of their husbands, Laederich says, refuse to hand over information to the IRS. That leaves the women in difficult predicaments.
“Your options are to ignore the IRS and stick your head in the sand; take your name off of all the accounts and live in a completely cash economy; divorce; or renounce U.S. citizenship,” Laederich says. “We’ve seen all of these things happen.”Originally blogged at the LNCC.
Americans give up on Obama, Romney's ability to fix the economy
•
38 percent of Americans say the economy will improve in the next 12
months; 19 percent expect it to get worse, 42 percent expect it to “stay
the same.”
• 36 percent say President Obama’s policies “helped” the economy; 33 percent say they “hurt” it, 30 percent say his policies have not made much difference on the economy.
• 32 percent say that if Mitt Romney wins the presidential election, economic conditions will be “helped.”
• 24 percent say economic conditions will be hurt, 39 percent say his election will not make much difference.
• 31 percent say that if Mr. Obama wins re-election this year, economic conditions will be “helped.”
• 30 percent say economic conditions will be “hurt,” 37 percent say his re-election will not make much difference.
Source: An NBC News/Wall Street Journal survey of 1,000 U.S. adults conducted April 13 to 17, reported by The Washington Times' Jennifer Harper.
Keep in mind this is just a poll of adults, not likely voters, so it's essentially meaningless. But it shows a larger skepticism of the ability of Republicans and Democrats to fix the economy.
Democrats cheer the death of Christian prison minister Colson
Charles Colson, who dedicated much of his life to ministering to prisoners and keeping released convicts out of prison so they can lead law-abiding lives has passed away at age 80.
Predictably, the Party of Hate chimes in on the death of an honorable man. (Profanity edited out.)
CBGLuthier
RIP Ratf----r Their term not mine. I think rats are morally superior to Colson and his kind.
Great Caesars Ghost
rest in pieces
Festivito
Reap what you sew, and say hi to your grandma for me for a long long eternity.
underpants
We should say something good when some dies. Chuck Colson is dead. Good.
Predictably, the Party of Hate chimes in on the death of an honorable man. (Profanity edited out.)
CBGLuthier
RIP Ratf----r Their term not mine. I think rats are morally superior to Colson and his kind.
Great Caesars Ghost
rest in pieces
Festivito
Reap what you sew, and say hi to your grandma for me for a long long eternity.
underpants
We should say something good when some dies. Chuck Colson is dead. Good.
Liberals continue their War On Women
How they voted on the Buffett tax hike on job creation
The following senators voted to spread class warfare and implode any economic recovery by raise taxes on job-creating investment (the "Buffett rule.")
Baucus (D-MT)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Collins (R-ME)
Conrad (D-ND)
Coons (D-DE)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Manchin (D-WV)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)
Baucus (D-MT)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Collins (R-ME)
Conrad (D-ND)
Coons (D-DE)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Manchin (D-WV)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)
Mike Jackson for Congress campaign sputters, stalls
From today's Houston Chronicle:
Is it just me, or does anyone else think that Mike Jackson‘s fundraising in CD36 has been less than impressive? Just over $200K total, with $50K of that being loans, and $75K on hand, for a veteran legislator who’s been running since the beginning and is the consensus favorite?...The guy who’s gonna win generally has no trouble raking in the dough. Anyone want to venture a theory about this?
Is it just me, or does anyone else think that Mike Jackson‘s fundraising in CD36 has been less than impressive? Just over $200K total, with $50K of that being loans, and $75K on hand, for a veteran legislator who’s been running since the beginning and is the consensus favorite?...The guy who’s gonna win generally has no trouble raking in the dough. Anyone want to venture a theory about this?
Tax laws force Americans to give up citizenship to avoid divorce, jail
No man should have to leave the United States to seek freedom, but under our current tax regime that’s exactly what’s happening.
Last year nearly 1,800 Americans renounced their U.S. citizenship or handed over their green cards, Reuters reports. They love the United States and consider themselves proud Americans, but complicated, uneven U.S. tax laws force many to renounce their citizenship to avoid being forced to divorce or go to jail for laws tax attorneys can’t even interpret.
That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998. It’s also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined…
…The United States is one of the only countries to tax its citizens on income earned while they’re living abroad. And just as Americans stateside must file tax returns each April – this year, the deadline is Tuesday – an estimated 6.3 million U.S. citizens living abroad brace for what they describe as an even tougher process of reporting their income and foreign accounts to the IRS. For them, the deadline is June.
The National Taxpayer Advocate’s Office, part of the IRS, released a report in December that details the difficulties of filing taxes from overseas. It cites heavy paperwork, a lack of online filing options and a dearth of local and foreign-language resources.
For those wishing to legally escape the filing requirements, the only way is to formally renounce their U.S. citizenship. Last year, IRS records show that at least 1,788 people did, and that’s likely an underestimate. The IRS publishes in the Federal Register the names of those who give up their citizenship, and some who renounced say they haven’t seen their name on the list yet…
…But those of more modest means renounce, too. They say leaving America is about more than money; it’s about privacy and red tape.
On April 7, 2011, Peter Dunn raised his right hand before a U.S. consular officer in Toronto and swore that he understood the consequences of giving up his U.S. citizenship. Dunn, a dual U.S.-Canadian citizen who has lived outside the United States since 1986, says he renounced because he felt American citizenship had become more of a liability than a privilege.
As an American, Dunn had to file tax returns and report all of his bank accounts – even joint accounts and his Canadian retirement fund. If he didn’t, he would be breaking U.S. law and could face penalties of up to $100,000 or 50 percent of his undeclared accounts, whichever is larger. Dunn says he was tired of tracking IRS policy changes, and he had no intention of returning to the United States. Renouncing his citizenship, as he puts it, was “a no-brainer.”
“If it was just me then it would be one thing,” says Dunn, a part-time investor who worried that having to share information with the IRS would deter future business partners – and upset his wife, who is Canadian. “Disclosing joint accounts I hold with my wife and anyone I ever want to do business with – that’s just too much. My wife’s account is none of their business.”…
…Around the world, American women’s clubs – known for promoting American culture overseas through Fourth of July celebrations and Thanksgiving dinners – are growing empathetic toward those who renounce.
The American Women’s Club in Dusseldorf, for instance, now links to renunciation information on its Website. The Federation of American Women’s Clubs Overseas has opposed new IRS rules, in part because the rules were pushing members to give up their citizenship. “The candidates are not tax-evaders or un-patriots,” reads the organization’s last annual report.
In Europe, American women say they feel pressure to renounce even from their husbands.
“American women married to non-Americans are only just now finding out that they have to disclose years and years of income and accounts,” says Lucy Stensland Laederich, a leader of the women’s club who lives in Bordeaux, France.
Laederich has been acting as the group’s liaison with politicians and bureaucrats in Washington, D.C., and plans to attend a meeting to discuss expatriate tax issues with Maloney and Treasury Department officials on Tuesday.
“When they decide to come clean and report everything,” she says, “they have to go ask their husbands for all of their bank information, retirement funds, and investment accounts, everything.”
Some of their husbands, Laederich says, refuse to hand over information to the IRS. That leaves the women in difficult predicaments.
“Your options are to ignore the IRS and stick your head in the sand; take your name off of all the accounts and live in a completely cash economy; divorce; or renounce U.S. citizenship,” Laederich says. “We’ve seen all of these things happen.”Originally posted at the LNCC
Democrats celebrate Ann Romney's birthday with misogynist slurs, calls for her death.
Twitchy reports: "After GOP frontrunner Mitt Romney wished his wife Ann a happy birthday on Twitter this morning, liberals quickly responded with the new tone-y vitriol we’ve come to expect. They also attacked Mrs. Romney for saying, 'It was my early birthday present for someone to be critical of me as a mother.'"
Read them all here.
Read them all here.
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