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 February 3rd, 2009

Oh No Not Again: Democrat number 5 is also a tax cheat.

Posted by iusbvision on February 3, 2009

Here are the previous four and now its 5.

Update – Daschle resigns his nomination..


Nancy Killefer, who failed for a year and a half to pay employment taxes on household help, has withdrawn her candidacy to be the first chief performance officer for the federal government, the White House said Tuesday.

nancy-killeferKillefer was the second major Obama administration nominee to withdraw and the third to have tax problems complicate their nomination after President Barack Obama announced their selection.

“Nancy Killefer has decided to withdraw her nomination, and we accepted her withdrawal,” Tommy Vietor, a White House spokesman, said Tuesday. The 55-year-old executive with consulting giant McKinsey & Co., was expected to explain her reasons for pulling out later in the day.

When her selection was announced by Obama on Jan. 7, The Associated Press disclosed that in 2005 the District of Columbia government had filed a $946.69 tax lien on her home for failure to pay unemployment compensation tax on household help.

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

Democrats (and Hank Paulsen) promised to buy at risk mortgages – Almost 2 Trillion spent and it didn’t happen.

Posted by iusbvision on February 3, 2009

UPDATE II – Senate Republicans are pounding this issue and are trying to get some housing fixes in the bill. This is a good thing, but why does it seem that Republicans in Congress only want to do the right thing with domestic policy when they are out of power?

UPDATE – Obama Administration talks about buying up troubled mortgages, but still no action. It’s almost like this is an afterthought.

Obama’s Biggest Broken Promise

Editorial by Chuck Norton

This may prove to be one of the greatest political blunders of all time and president Obama’s approval numbers are falling fast. While Obama has reversed himself on lobbyist reform, CIA prisons, coerced interrogation and warrantless wiretapping, no broken promise seems to have the potential energy as this.

Peggy really believed what the campaign told her as you can see:

Democrats have controlled Congress since 2006. They have been in power there for two years. Congress wrote the first $700 Billion bailout on the promise that the government would buy at risk loans and take the time to renegotiate the loans with citizens who were impacted by the mortgage scandal. The money was spent and while Wall Street exec’s are taking vacations and handing out billions in bonuses to themselves with our money, the people with the bad mortgages did not get the promised relief.

The plan to buy up bad mortgages might have worked. The government can afford to buy the time needed to get this money back once the economy recovers whereas most private banks can’t. It seems that now we will never know if this plan can work because it doesn’t look like it has even been seriously tried. I am beginning to suspect that the primary goal of the bailout and mortgage plan is NOT toxic asset relief.

Congress is about to spend another trillion in a so-called stimulus package, which has ended up being nothing more than a payoff for the constituent groups who helped the Democrats get elected and no one is even talking about getting this done in the Senate version of the bill. The average voter and homeowner who was promised relief or at least some time to recover got fooled again. They got elected, are spending two trillion of our money, and we have nothing to show for it.

This brings us to the sad reality of racial politics. Many people voted for the Democrats because they wanted to see the first man of color in the White House. Due to destructive legislation such as the Community Reinvestment Act (pushed by Democrats) that targeted black Americans for these reckless loans (sub primes etc) the black community has been disproportionately affected by this crisis. Like Peggy, they believed the promises and have nothing to show for it.

I hope that the American people remember this come election day and Republicans better be watching this mindfully. If Republicans in Congress don’t start delivering on their promises of less intrusive, smaller and smarter government as they did in the 90’s it will leave an opening for a third-party that this country hasn’t seen in 100 years.

My fellow Americans, we need to stop behaving like this:

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

Drew Carey on Why Public Schools Fail

Posted by iusbvision on February 3, 2009

This video is a must see.

Posted in Campus Freedom, Indoctrination & Censorship, Chuck Norton, Government Gone Wild | Leave a Comment »

Myth: The World is Running Out of Oil (Seriously We Aren’t)

Posted by iusbvision on February 3, 2009

ABC News:

Posted in Alarmism, Chuck Norton | Leave a Comment »