The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for January 30th, 2009

Rush Limbaugh’s Bi-Partisan Economic Recovery Plan That Will Work

Posted by iusbvision on January 30, 2009

My Bipartisan Stimulus
Let’s cut taxes, as I want, and spend more, as Obama would like.

By RUSH LIMBAUGH
There’s a serious debate in this country as to how best to end the recession. The average recession will last five to 11 months; the average recovery will last six years. Recessions will end on their own if they’re left alone. What can make the recession worse is the wrong kind of government intervention.

I believe the wrong kind is precisely what President Barack Obama has proposed. I don’t believe his is a “stimulus plan” at all — I don’t think it stimulates anything but the Democratic Party. This “porkulus” bill is designed to repair the Democratic Party’s power losses from the 1990s forward, and to cement the party’s majority power for decades.

Keynesian economists believe government spending on “shovel-ready” infrastructure projects — schools, roads, bridges — is the best way to stimulate our staggering economy. Supply-side economists make an equally persuasive case that tax cuts are the surest and quickest way to create permanent jobs and cause an economy to rebound. That happened under JFK, Ronald Reagan and George W. Bush. We know that when tax rates are cut in a recession, it brings an economy back.

Recent polling indicates that the American people are in favor of both approaches.

Notwithstanding the media blitz in support of the Obama stimulus plan, most Americans, according to a new Rasmussen poll, are skeptical. Rasmussen finds that 59% fear that Congress and the president will increase government spending too much. Only 17% worry they will cut taxes too much. Since the American people are not certain that the Obama stimulus plan is the way to go, it seems to me there’s an opportunity for genuine compromise. At the same time, we can garner evidence on how to deal with future recessions, so every occurrence will no longer become a matter of partisan debate.

Congress is currently haggling over how to spend $900 billion generated by American taxpayers in the private sector. (It’s important to remember that it’s the people’s money, not Washington’s.) In a Jan. 23 meeting between President Obama and Republican leaders, Rep. Eric Cantor (R., Va.) proposed a moderate tax cut plan. President Obama responded, “I won. I’m going to trump you on that.”

Yes, elections have consequences. But where’s the bipartisanship, Mr. Obama? This does not have to be a divisive issue. My proposal is a genuine compromise.

Fifty-three percent of American voters voted for Barack Obama; 46% voted for John McCain, and 1% voted for wackos. Give that 1% to President Obama. Let’s say the vote was 54% to 46%. As a way to bring the country together and at the same time determine the most effective way to deal with recessions, under the Obama-Limbaugh Stimulus Plan of 2009: 54% of the $900 billion — $486 billion — will be spent on infrastructure and pork as defined by Mr. Obama and the Democrats; 46% — $414 billion — will be directed toward tax cuts, as determined by me.

Then we compare. We see which stimulus actually works. This is bipartisanship! It would satisfy the American people’s wishes, as polls currently note; and it would also serve as a measurable test as to which approach best stimulates job growth.

I say, cut the U.S. corporate tax rate — at 35%, among the highest of all industrialized nations — in half. Suspend the capital gains tax for a year to incentivize new investment, after which it would be reimposed at 10%. Then get out of the way! Once Wall Street starts ticking up 500 points a day, the rest of the private sector will follow. There’s no reason to tell the American people their future is bleak. There’s no reason, as the administration is doing, to depress their hopes. There’s no reason to insist that recovery can’t happen quickly, because it can.

In this new era of responsibility, let’s use both Keynesians and supply-siders to responsibly determine which theory best stimulates our economy — and if elements of both work, so much the better. The American people are made up of Republicans, Democrats, independents and moderates, but our economy doesn’t know the difference. This is about jobs now.

The economic crisis is an opportunity to unify people, if we set aside the politics. The leader of the Democrats and the leader of the Republicans (me, according to Mr. Obama) can get it done. This will have the overwhelming support of the American people. Let’s stop the acrimony. Let’s start solving our problems, together. Why wait one more day?

Posted in Chuck Norton, Obama and Congress Post Inaugration | 2 Comments »

Meet Your New Republican Chairman

Posted by iusbvision on January 30, 2009

“Washington can’t fix our problems until we fix theirs.”

Michael Steele

Michael Steele is the new Chairman and leader of the Republican Party. Steele was the man I supported from minute one. Steele gets it, like Jindal and Palin he is a corruption fighter who is not afraid to go after people in his own party who violate the public trust. Steele is a doer and not just a talker. If the Republican Party is going to change and embrace the values that they abandoned in recent years, this is one big step in that direction.

Here is a nice look at Michael Steele making fun of the Washington political establishment.

Posted in 2012, Campaign 2008, Chuck Norton | Leave a Comment »

Court rules once again that warrantless foreign intelligence surveillance program is legal – NYT reports on it just in time for Obama to use.

Posted by iusbvision on January 30, 2009

The media reporting this just in time for the new Obama Administration. As you may recall, Obama campaigned against this program as illegal and within days of winning the primary against Hillary Clinton reversed himself and adopted the Bush position.

What the media didn’t tell people is that the courts have ruled many times that the president does not need a warrant to conduct searches and wiretaps when a foreign intelligence threat is involved. Once again the court has ruled the exact same way.

The three-judge court, which hears rare appeals from the full Foreign Intelligence Surveillance Court, addressed provisions of the Protect America Act, passed by Congress in 2007 amid the controversy over Mr. Bush’s program of wiretapping without warrants. It found that the administration had put in place sufficient privacy safeguards to meet the constitutional standards of the Fourth Amendment’s ban on unreasonable searches. Because of that, the company had to cooperate, the court said.

That finding bolstered the Bush administration’s broader arguments on wiretapping without warrants, both critics and supporters said.

William C. Banks, a law professor at Syracuse University who has criticized the administration’s legal position on eavesdropping, said that while the ruling did not address Mr. Bush’s surveillance without warrants directly, “it does bolster his case” by recognizing that eavesdropping for national security purposes did not always require warrants.

Coming in the final days of the Bush administration, the ruling was hailed by the administration and conservatives as a victory for an aggressive approach to counterterrorism. The Justice Department said in a statement that it was “pleased with this important ruling.”

http://www.nytimes.com/2009/01/16/washington/16fisa.html?_r=2&partner=rss&emc=rss

Posted in Campaign 2008, Chuck Norton | Leave a Comment »

Plot to Destroy All Fannie Mae Computer Data Foiled

Posted by iusbvision on January 30, 2009

I am sure that this has nothing to do with the fact that they gave $200 million to partisan interests (and that was your money folks), with the vast majority going to Democrats and Barack Obama taking the second highest amount of money from them in the Senate. Nope, I am certain the timing of this is a complete coincidence ../nods…..

URBANA, Md. (AP) – The Justice Department says it foiled a plot by a fired Fannie Mae contract worker in Maryland to destroy all the data on the mortgage giant’s 4,000 computer servers nationwide.

The U.S. Attorney’s Office says 35-year-old Rajendrasinh Makwana, of Glen Allen, Va., is scheduled for arraignment Friday in U.S. District Court in Baltimore on one count of computer intrusion.

http://www.breitbart.com/article.php?id=D961I79O0&show_article=1

Posted in Campaign 2008, Chuck Norton, Government Gone Wild, Mortgage Crisis, Obama and Congress Post Inaugration | Leave a Comment »

Both the head of the committee in Congress that makes tax law and the Treasury Secretary who enforces it are tax cheats. In response Republicans ask for change in IRS rules.

Posted by iusbvision on January 30, 2009

Charlie Rangel, the head of the House Ways and Means Committee which writes tax law and Timothy Geithner, Obama’s new Treasury SSecretary are not only both tax cheats, but finally called on it they did not pay the late payment penalties that the IRS demands. Of course the IRS won’t enforce the rules against their bosses, but if you or I did what these two did we would be facing fines and jail time.

Now a Republican Congressman has offered into legislation what he calls the “Rangel Rule” which will stop all late payment penalties for regular folks like you and me.

Americans may be able to rest a little easier this April if Congressman John Carter, R-Texas gets his way.

Rep. Carter introduced a bill Wednesday to eliminate all IRS penalties and interest for paying taxes past due.

The legislation calls for the creation of what he calls the, “Rangel Rule,” — drawing attention to the recent legal issues of House Ways and Means Committee Chairman Charlie Rangel, D-N.Y., enabling citizens who fail to pay taxes on time to do so later with no additional fees.

Rangel, who writes the country’s tax policies, acknowledged last fall that he failed to pay thousands in real estate taxes for rental income he earned from a property in the Dominican Republic.

As of September 2008 the Harlem Democrat reportedly paid back more than $10,000 in taxes but that did not include any IRS penalties.

“Your citizens back home should have the same rights and benefits that come to you as a member of congress. You shouldn’t be treated any differently under the law than your citizens back home,” Carter said.

He added that citizens should receive the “same courtesy” that the IRS is allegedly granting Rangel and Treasury Secretary Tim Geithner, who also recently acknowledged a failure to pay taxes.

Carter penned a letter to Rangel earlier this month requesting that he either pay the IRS fees or join him in co-sponsoring the legislation establishing the rule.

“As Chairman of the House Ways and Means Committee, I believe you set an example for all American taxpayers in your dealings with the IRS, and that you must do so in a way that enforces blind justice without regard to wealth or status,” he wrote in the January 6th missive.

http://www.foxnews.com/politics/2009/01/28/gop-congressman-intros-rangel-rule-eliminating-irs-late-fees/

Posted in Chuck Norton, Government Gone Wild, Obama and Congress Post Inaugration | 1 Comment »

California puts small gas stations out of business. Once again government for those who can afford to play.

Posted by iusbvision on January 30, 2009

This story is not about environmentalism, it is about competition and corruption. Now the big energy companies have less small business competition which brings us to Norton’s Law, “big business loves big government, which is why big business loves domestic taxes and regulation, because it keeps the small and medium sized competition out of the competition.” It also causes inflation, so ultimately it is you who pays and the poor who are hardest hit.

I saw that Ed Morrissey at Hotair.com had the best post on this story so here it is:

When government tries to convince people that their latest regulations won’t be any problem at all, keep this story in mind.  California will force gas stations to replace all of their pumps in favor of newer models that marginally improve the capture of gas vapor at the nozzle.  The improvements will cost tens of thousands of dollars per station, and that may force hundreds of independents out of business:

Dozens, and potentially hundreds, of gas stations around California are choosing to shut down rather than comply with a state mandate that would require owners to purchase new equipment to reduce vapor emissions at the pump.

The requirement, known as Phase II in the state’s Enhanced Vapor Recovery Program, is set to go into effect in April. It requires gas station owners to individually purchase tens of thousands of dollars of equipment designed to prevent harmful vapors from escaping into the air when gasoline is pumped.

But smaller retailers say that the requirement puts an unfair burden on businesses that don’t sell enough gasoline to offset the extra cost – and that don’t contribute much to the problem in the  first place.

California says they’re overreacting.  Why, all they need to do is increase the price of gasoline:

“We do calculate the cost of compliance with the regulation as related to emissions,” Stanich said. “These costs could be recovered by raising gasoline prices by an average 0.68 cents per gallon.”

Well … that’s for the large chains.  For the others?

Lower-volume sellers would have to raise prices more to offset costs, he added.

Got that?  The big retailers can afford the required pumps because they only have to raise the cost of gasoline less than a cent a gallon.  However, smaller retailers will have to increase their prices more, making them less competitive and forcing them to lose business.  And what will that gain California?

April’s regulations promise to cut what are known as reactive organic gas emissions by 7 tons per day statewide, but opponents point to the fact that California produces 2,322 tons of such gases per day.

In other words, California will put dozens and perhaps hundreds of smaller retailers in order to reduce 0.0030146425495262704565030146425495 of the daily emissions in California.  Jobs will be lost, tax revenues reduced, and consumer choice restricted, and California thinks that’s worth a 0.3% reduction in organic gas vapor.  (via Instapundit and Autobloggreen)

Posted in Chuck Norton, Government Gone Wild | 1 Comment »

AWESOME: Prolife Ad NBC refuses to air

Posted by iusbvision on January 30, 2009

Here is a new grassroots GOP ad.

Posted in Chuck Norton, Other Links | Leave a Comment »