Friday, October 19, 2012

Attacks on Capitalism fall flat; Defending Candy; Welfare jumps 36% in 4 years; Death of 4 Americans "not optimal"; Green energy failures; A list of Obama accomplishments

I apologize for the length of my recent posts.  This is such an important time that I have decided to bring to you my own columns, but add at the end the headlines of the day.  It's just too important not to~

Attacks on Capitalism fall flat:
 Recent attacks by President Obama on Mitt Romney’s time at Bain Capital reflect his disdain for capitalism as well as his celebration of government control – and his belief that he knows what we need or want better than we do.  As he said, “I won”.  How do hundreds of venture capitalism companies compare to President Obama’s venture investments in green energy companies and company bailouts using taxpayer dollars?
   The essence of Bain Capital and other similar firms is that of taking a reasonable risk in hopes of being rewarded.  Lanny Davis, Clinton Administration insider, recently described the process well, saying, “Private equity firms often invest in distressed companies by putting in cash and cutting expenses in order to save a company that is already close to bankruptcy. Sometimes the investment works and the company and jobs are saved. And sometimes, to save the company, jobs need to be cut or wages and benefits reduced.”  Employees and owners alike will be rewarded if jobs can be retained by delivering products which consumers want to buy.  Bain and others use money invested only by private citizens.  Bain Capital has a success rate of 80% on their turn-around companies.  Just a few of Bain’s great successes include Staples and Sports Authority, producing many thousands of jobs.   
   This President believes that government is the job provider, not the free market.  His administration will therefore decide for Americans how their taxpayer dollars will be invested, without our input or approval, and 70% of his loans were delivered to the companies of his major donors. The record is one of abject failure.  Curious readers can do an Internet search on Solyndra, Beacon Power, Ener1, Evergreen Solar, SpectraWatt, Eastern Energy, Nevada Geothermal, or some others of the 11 companies which CBS News declared have “either already failed, or are on the verge of failing, taking with them more than $6.5 billion in taxpayer money.”
   Let’s consider our “investment” in GM.  He touts the fact that the company still exists.  He neglects the fact that Preferred Bond Holders were sold out, many auto dealerships were told to close, 38% of the company is now owned by unions, and GM does not have to pay taxes for 10 years.  Salaries continued to be raised and bonuses are handed out in spite of the fact that Americans are still owed $24 billion. AIG, General Motors and Chrysler still collectively owe us nearly $90 billion.
   Some well-know Democrats have been appalled at these attacks on Capitalism, as well as the President’s statement that we should not have a venture capitalist for President.  Obama is himself a venture capitalist.  But he puts our money at risk instead of his own.  As Massachusetts Governor Deval Patrick declared, “Bain is a perfectly fine company.”  Newark Mayor and upcoming Democrat Cory Booker said, “I know I live in a state where pension funds, unions and other people invest in companies like Bain Capital. If you look at the totality of Bain Capital's record, they've done a lot to support businesses, to grow businesses.” It was said afterwords by the Obama Administration that Booker is “dead to us”. Former Governor of Pennsylvania Ed Rendell said of the ads attacking Bain, “I think they’re very disappointing.”  President Bill Clinton said, “Or you can go into a company, have cutbacks, try to make it more productive with the purpose of saving it. When you try, like anything else you try, you don't always succeed. I don't think that we ought to get into the position where we say this is bad work. This is good work.  His record there was sterling.”
   Voting in November will either save our system of Constitutional law, capitalism and free enterprise, or it will provide another four years with this ever more divisive and dictatorial President.  He thinks his job is to provide ever more government oversight, jobs and benefits, and to provide amnesty for illegals against the vote of Congress, as he did just last week.  He thinks his word alone should be law.  Obama’s campaign motto is “Forward”, the same as the old Nazi marching tune.  I prefer to go “Onward” with that which made America the hope of the world.
Here is your laugh for the day" an internal memo at CNN defends Candy Crowley's giving Obama more than 9% more time than Romney by explaining that                        Obama                       talks                           slower.              You
can't                                   make                            this                                   stuff                         up!

Following is the transcript of Mitt Romney's clever and hard-hitting remarks at the Alfred W. Smith dinner last night.  You would enjoy reading it. 

Welfare spending jumps 32% in four year


 Vice President Joe Biden asked supporters Thursday at a Nevada campaign event, “How many of you know someone who served in Iraq or Iran?” 


Republican Mitt Romney said Tuesday he would likely donate his salary to charity if elected president, a financial freedom he described as a byproduct of a successful business career.


President Obama’s Taxpayer-Backed Green Energy Failure

The truth is that the problem is widespread. The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial.
So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy.
The complete list of faltering or bankrupt green-energy companies:
  1. Evergreen Solar ($24 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($69 million)*
  5. AES’s subsidiary Eastern Energy ($17.1 million)
  6. Nevada Geothermal ($98.5 million)
  7. SunPower ($1.5 billion)
  8. First Solar ($1.46 billion)
  9. Babcock and Brown ($178 million)
  10. EnerDel’s subsidiary Ener1 ($118.5 million)*
  11. Amonix ($5.9 million)
  12. National Renewable Energy Lab ($200 million)
  13. Fisker Automotive ($528 million)
  14. Abound Solar ($374 million)*
  15. A123 Systems ($279 million)*
  16. Willard and Kelsey Solar Group ($6 million)
  17. Johnson Controls ($299 million)
  18. Schneider Electric ($86 million)
  19. Brightsource ($1.6 billion)
  20. ECOtality ($126.2 million)
  21. Raser Technologies ($33 million)*
  22. Energy Conversion Devices ($13.3 million)*
  23. Mountain Plaza, Inc. ($2 million)*
  24. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  25. Range Fuels ($80 million)*
  26. Thompson River Power ($6.4 million)*
  27. Stirling Energy Systems ($7 million)*
  28. LSP Energy ($2.1 billion)*
  29. UniSolar ($100 million)*
  30. Azure Dynamics ($120 million)*
  31. GreenVolts ($500,000)
  32. Vestas ($50 million)
  33. LG Chem’s subsidiary Compact Power ($150 million)
  34. Nordic Windpower ($16 million)*
  35. Navistar ($10 million)
  36. Satcon ($3 million)*
*Denotes companies that have filed for bankruptcy.
The problem begins with the issue of government picking winners and losers in the first place

Obama describes deaths of 4 Americans in Libya as 'not optimal'


Below is a popular email going around.  It has some truths, some exaggerations, and some falsehoods.  I have commented on many items on the list.

Comments on Obama's accomplishments email:

Quit trashing President Obama's accomplishments. He has done more than any other President before him. He has an impressive list of accomplishments:

First President to have a social security number from a state he has never lived in.   Truth or Fiction says at the time one had the code of the state from which a number is requested, but there is no proof Obama actually went to Connecticut to get his number - and why would he?
First President to preside over a cut to the credit-rating of the United States  - make that two credit ratings cuts.
First President to violate the War Powers Act. .  Actually, that was Bill Clinton when he bombed Kosovo.
First President to be held in contempt of court for illegally obstructing oil drilling in the Gulf of Mexico .   And then he has the gall to say during the debate that oil drilling is at an all time high during his administration, even though that is on private lands, not national land.  So drilling is up in spite of him.  Enormous losses of taxpayer money have come at Obama's "investments" in the failing green energy companies owned by his donors.
First President to require all Americans to purchase a product from a third party.  This pertains to buying health insurance for Obamacare.
First President to spend a trillion dollars on 'shovel-ready' jobs when there was no such thing as 'shovel-ready' jobs.   Okay, they say it was only $5 Billion dollars.  But he did admit that they were not even close to being shovel ready.
First President to abrogate bankruptcy law to turn over control of companies to his union supporters.   His GM take-over, the giving of 38% of GM to unions, his closing Republican-owned car dealerships, and his deal to keep GM from paying taxes for 10 years, in spite of their doing about 70% of their auto construction in China, is now under consideration by a judge to have the whole thing litigated due to the fact that GM hid details from him.  According to the GAO, GM still owes Americans about $24 billion, declaring this on the very day that Obama said we got every cent back.  It's just another Obama lie.
First President to by-pass Congress and implement the Dream Act through executive fiat.   This was not an Executive Order, but a declaration by the President which will allow up to 1.5 million illegals to be given a work permit and to stay in the US without concern.This, in spite of the fact that he had his first two years in office with a Democrat House and Senate, yet failed to even bring up a bill on immigration.  Congress failed to pass a law, so Obama just usurped their authority and wrote a new regulation.
First President to order a secret amnesty program that stopped the deportation of illegal immigrants across the U.S. , including those with criminal convictions.   Only felons will be deported - and, as he said this week, the gang-bangers.
First President to demand a company hand-over $20 billion to one of his political appointees.  As Obama said: I will meet with the chairman of BP and inform him that he is to set aside whatever resources are required to compensate the workers and business owners who have been harmed as a result of his company’s recklessness. And this fund will not be controlled by BP. In order to ensure that all legitimate claims are paid out in a fair and timely manner, the account must and will be administered by an independent, third party. [that would be his government]
First President to tell a CEO of a major corporation (Chrysler) to resign.   He then put in his place Obama's "Car Czar" Steve Rattner, who had no experience at all in the automobile industry.
First President to terminate America 's ability to put a man in space.   It is said that is was President Nixon who did this.  However, it was Obama who told NASA that one of their primary responsibilities is to “find ways to reach out to dominantly Muslim countries” as part of the administration’s efforts to make the space agency a tool of international diplomacy.
First President to cancel the National Day of Prayer and to say that America is no longer a Christian nation.   Not really true, and Senator Obama did say that we are no longer solely a Christian nation.  But he lied about why Abraham Lincoln had a Quran in the White House.  He did not have the first Iftar dinner (which Obama holds in the White House each year); he studied the Quran in order to better understand his enemy.
First President to have a law signed by an auto-pen without being present.  Probably the first President to send a form letter to the parents of a soldier killed in the line of duty - four months after the death.
First President to arbitrarily declare an existing law unconstitutional and refuse to enforce it.   He has done a lot of that, such as in not enforcing the Defense of Marriage Act, and his DOJ only prosecuting white-on-black crimes.  He did this just after refusing to veto the bill, and just after he signed the bill into law.
First President to threaten insurance companies if they publicly spoke-out on the reasons for their rate increases.   This relates to companies who needed to raise their rates due to Obamacare.
First President to tell a major manufacturing company in which state it is allowed to locate a factory.   Boeing was sued because they were set to open a non-union plant.
First President to file lawsuits against the states he swore an oath to protect (AZ, WI, OH, IN).  He sued AZ without even reading their law.
First President to withdraw an existing coal permit that had been properly issued years ago.   As he said, people can open and run coal plants, but they will go out of business because of his green energy regulations.  And electricity rates will necessarily skyrocket, he said.  And the high price of gas is just terrific, but he is sorry the price went up so fast.
First President to actively try to bankrupt an American industry (coal)., saying "They can open a new coal mine, but they will go bankrupt because of his new regulations.
First President to fire an inspector general of Ameri-Corps for catching one of his friends in a corruption case.
First President to appoint 45 czars to replace elected officials in his office.
First President to surround himself with radical left wing anarchists.
First President to golf 73 separate times in his first two and a half years in office, 102 to date.
First President to hide his medical, educational and travel records.   We are talking about his college transcripts which could show that he was a foreign student, and his Passport used to travel to Pakistan back in his college days at a time when Americans were forbidden to go there. Just what was listed as his citizenship?  His medical records may reveal something about his checkered past as a dope smoking student and well as his colorful days in Chicago. 
First President to win a Nobel Peace Prize for doing NOTHING to earn it.   Well, he did get elected by a media who never vetted his past.
First President to go on multiple global “apology tours” and concurrent “insult our friends” tours.
First President to go on 17 lavish vacations, including date nights and Wednesday evening White House parties for his friends paid for by the taxpayer.   This happened at the same time that he told people not to go to Vegas during the Recession, and while he said that he does think that after a certain amount, someone has made enough money.
First President to have 22 personal servants (taxpayer funded) for his wife.
First President to keep a dog trainer on retainer for $102,000 a year at taxpayer expense.   This dog often travels on a separate plane for vacations, at taxpayer expense.
First President to repeat the Holy Quran; first to tell us the early morning call of the Azan (Islamic call to worship) is the most beautiful sound on earth.
First President to tell the military men and women that they should pay for their own private insurance because they “volunteered to go to war and knew the consequences”.   Not true.
Then he was the First President to tell the members of the military that THEY were UNPATRIOTIC for balking at the last suggestion.  Again, not true.
First President to side with a foreign nation over one of the American 50 states
( Mexico vs Arizona ).   He actually joined Mexico in suing the state of Arizona over their enforcement of America's immigration laws.  First President to open an office which will aid illegals in being here.
First President to work with a foreign nation, Mexico, to get more of their citizens signed up to get American Food Stamps.
First President to be photographed with his feet up on all our White House furniture, in a total show of disrespect for the people's house.
How is this hope and change working out for you?

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