OBAMA REVEALS FIRST FIVE ‘PROMISE ZONES’

The Blaze, January 9, 2014

More political maneuvering.  (One goal at least is to break Mitch McConnell's reelection bid.  If he votes for it--conservatives will walk, if he votes against it, he is another mean old republican that wants people to suffer.  ~ Lynn)

President Barack Obama at a White House event Thursday identified five new “Promise Zones” that he said would benefit from a program of tax incentives and government grants, a year after he unveiled the plan in his 2013 State of the Union address.

“We’ve got to keep our economy growing,” the president said. “We've got to make sure everybody is sharing in that growth. We’ve got to keep creating jobs. Then we’ve got to make sure wages and benefits are such that families can rebuild a little security.”

The proposal unique in that they’re an example of administrative action Obama can take without Congress.

“We’ve got to make sure this recovery, which is real, leaves nobody behind,” the president said. “That’s going to be my focus throughout the year. This is going to be a year of action. That’s what the American people expect. They are ready and willing to pitch in and help.”

The “Promise Zones” announced Thursday will be located in San Antonio, Philadelphia, Los Angeles, southeastern Kentucky and the Choctaw Nation of Oklahoma.

CONTINUED HERE.

NC RENEGADE

·  Inconceivable.

·  Constitutional Limitations of the pResidency?

·  Drone Nation

·  When the Banks Collapse…

·  Too Big To Fail Banks Are Taking Over As Number Of U.S. Banks Falls To All-Time Record Low

·  Slaying Hizballah commander ratchets up Saudi covert war on Iran and Lebanese proxy

·  It’s Time to Talk About Guns and the Supreme Court, Read more: Bateman On Guns

·  Big Brother Jumps Air Gap Using Inaudible Sound To Access Computers That Have No Network Connection

·  Illinois OKs pension cuts in landmark reform

·  We Should All Be Like the Hippies in this One Way

·  Why I Am an Anarcho-Capitalist

·  A Textbook That Should Live in Infamy: The Common Core Assaults World War II

·  NYPD detective on CNN: “knockout game” is a black phenomenon, suggests people avoid black youths.

·  What New Obamacare Problem Got Megyn Kelly So Angry?

·  Food for Thought

·  Expert Michael Cannon Testifies That Obama’s ‘Ignoring Laws’ Could Lead To Overthrow Of Government

·  A $100.00 3D Printer…

·  Trey Gowdy: Can the President fail to enforce categories of law?

·  SouthernPrepper1: Tonight Playing Conflicted LIVE

·  The Basics For Building A Bunker On Your Property

We did it to ourselves, by squandering one another’s trust.

 After two centuries of blessedness, America has entered the hour of the power of darkness: 

§                     Our military is being emasculated as we speak, with funding cuts to deprive it of men and machines, and legal entanglements to ensure that no soldier in the field can ever be certain that he won’t be tried for murder by civilians, or worse, by foreigners.

§                     Our alliances are faltering as no one ever expected, as our chief executive kowtows to the worst men in the world and fails to uphold America’s actions in its own interest.

§                     Our politicians are interested solely in getting elected and staying in office, and will do anything, sacrifice anyone, and betray any principle of right, to achieve those goals.

§                     Our economy is being bled to death by layer after layer of taxation, regulation, legal mandates, and outright nationalizations, nearly all intended to benefit some provincial interest some gaggle of politicians counts on for support.

 

MORE

http://ncrenegade.com/editorial/we-did-it-to-ourselves-by-squandering-one-anothers-trust/

10 Signs That Obamacare Is Going To Wreck The U.S. Economy

It is hard to find the words to adequately describe how much of a disaster Obamacare is turning out to be.  The debut of Healthcare.gov has been probably the worst launch of a major website in history, millions of Americans are having their current health insurance policies canceled, millions of others are seeing the size of their health insurance premiums absolutely explode, and this new law is going to result in massive numbers of jobs being lost.  It is almost as if Obamacare was specifically designed to wreck the U.S. economy.  Not that what we had before Obamacare was great.  In fact, I have long argued that the U.S. health care system is a complete and total train wreck.  But now Obamacare is making everything that was bad about our system much, much worse.  Americans are going to pay far more for health care, the quality of that care is going to go down, they are going to have to deal with far more medical red tape, and thousands upon thousands of U.S. employers are considering getting rid of the health plans that they offer to employees altogether due to Obamacare.  If the U.S. health care system was a separate nation, it would be the 6th largest economy on the entire planet, and now Obamacare is going to absolutely cripple it.  To say that Obamacare is an “economic catastrophe” would be a massive understatement.

 

Of course we were assured that it wouldn't turn out this way.  We were promised over and over that we were going to pay less for health care, get better coverage, and be able to keep our current health plans if we were pleased with them.  The following is what Obama said at a rally in 2009...

"First of all, if you’ve got health insurance, you like your doctors, you like your plan, you can keep your doctor, you can keep your plan. Nobody is talking about taking that away from you."

Oh really?

That was such a dramatic lie that even NBC News is turning on him.  They discovered that Obama has known for three years that most people that rely on individual health insurance policies would not be able to keep them...

 

CONTINUED:  http://theeconomiccollapseblog.com/archives/10-signs-that-obamacare-is-going-to-wreck-the-u-s-economy

Incomes Down More During Obama 'Recovery' Than During Recession | Godfather Politics

"But the economy is rebounding, things are looking up, we've created so many jobs. ...

" We've been hearing the propaganda from the Administration for the past five years now about how the country's coming back. 

Or alternately, whenever Obama can't completely weasel out of the facts, which is increasingly the case, then it's all President Bush's fault. 

But as the media and White House have consistently tried to blow sunshine in our faces, backing up their phony recovery with massaged numbers and doctored reports, the average person has felt reality impinging on the edges of the pretty pictures as gas prices have settled at two to three times their level under most of Bush's term, food prices have risen steadily, utilities have become more costly, taxes have increased bit by bit and hours have been cut back. 

That reality is spelled out in the declining income of the American family. 

New estimates derived by Sentier Research from the Census Bureau's Current Population Survey show that the typical American household's income has dropped more than twice as much during the years of President Obama's "recovery" as it did during the years of the official recession. 

The figures show that in inflation-adjusted dollars, real median household income fell 1.8 percent during the recession and has fallen 4.4 percent during the recovery. That means that during the recession, which officially ended in June 2009, families lost $1,002 (from $55,480 to $54,478) of income. 

Since the end of the recession, families have lost $2,380 (from $54,478 to $52,098). The new income figures include government payouts, such as unemployment and cash aid to needy families. That shows that the Democrats' preferred method of stimulus -- increasing the costs of government and dribbling some of the money out to the public -- is not working. 

Logic would have revealed that to anyone who thought more than two seconds about economic models, but for liberals, here's the pudding, proof and all. The people behind the economic policies that continue to crush American families are supposed to be educated people. They should understand that their dogmatic economic approaches won't work.

Read more at http://godfatherpolitics.com/12261/incomes-obama-recovery-recession/#upuMRSHqoU2dXEAr.99

The middle class or the middle men? | WashingtonExaminer.com

Washington Examiner
By Sen. Mike Lee
July 24. 2013

Today, President Obama will - for the eighth time in five years - officially "pivot" his attention back to the economy.

Unfortunately, word is that the president's remarks will not include any new policy initiatives, but merely repackage ones he has proposed before.

In other words, five years into office, four years since the recessions supposedly ended, and three years since his administration declared "Mission: Accomplished" on the economy (remember "Recovery Summer"?), the president's response is not just to give a speech.

It's to give the exact same speech.

Washington has therefore greeted the news of the president's latest "pivot" with a bit of a shrug. The speech will be more of the same we've heard for five long years - tax increases on the wealthy, more spending on green energy and other fashionable special interests, and Obamacare.

All of the above will be presented as an agenda to support and grow the middle class, which of course Republicans will oppose because they are - the president will insist - the Party of the Rich.

It's a shame the speech is going to be so widely ignored. Because the argument the president is going to make - that bigger government is the only thing that can protect the middle class from our unfair economy - is precisely the argument Republicans are going to have to refute if we ever hope to rebuild a national majority.

The good news is that the president's case is utter nonsense.

Big government is not the solution to unfairness in our economy - it's the cause.

There are three great crises in our economy today, each a crisis of fairness and equality - each caused in large part by the very policies President Obama supports.

First, there is the crisis of upward mobility. In America today, people born in poverty are often trapped there. It's not the free market that forces poor kids into underperforming schools, punishes single parents for getting married, and penalizes people for hard work - it's big government.

Second, there is the crisis of cronyism. If the economy seems rigged these days, that's because it is. Big government, big business, and big special interests manipulate the rules to profit at everyone else's expense.

Companies succeed not by serving customers, but politicians and bureaucrats. In Barack Obama's economy, Wall Street gets a bailout, Solyndra-gets a hand out, liberal interests get a carve-out, and everyone else gets left out.

And finally, there is the crisis of the middle class: stagnant wages, inequality, insecurity, and the exploding costs of housing, health care, and education. Contrary to the president's rhetoric, all of the above are directly tied to federal policy.

Wages rise when small businesses grow. But small businesses can't grow when crony capitalism protects large corporations from smaller competitors. And it's not a coincidence that the industries that have seen the worst inflation - housing, health care, and education - are the very industries controlled by government!

It is liberal big government - Barack Obama's government - that today ensnares the poor, privileges the rich, and squeezes the middle class.

CONTINUED:  http://washingtonexaminer.com/the-middle-class-or-the-middle-men/article/2533415

America's Economic Depression in 5 Charts

IMPORTANT--Please go the link and check out these charts!
~Lynn

This is not what economic recovery looks like. This is, however, what an economic depression looks like. First, the American workforce is far smaller than it was before the 2008 economic collapse, even though the number of Americans of working age has increased by several millions.


LINK:  http://lewrockwell.com/orig14/mason-s2.1.1.html

How GOP Can Go on Offense in Budget Debate

This is indeed what the GOP should do!

Steve Forbes, Forbes

Mr. Speaker:  We are losing the cliff war in terms of public opinion, but the tables can be turned. A few days ago you offered tax increases via eliminating or capping deductions. Your generous gesture won no goodwill from Democrats and the mainstream media. Moreover any tax increase now only damages the economy. Concerning deductions, why give stuff away now for no real tax reform or simplification?


Here’s what the GOP should do now:

I. The House passes a bill extending for a year or at least six months all the cliff items – current income tax rates; the Alternative Minimum Tax patch; yes, even those Social Security payroll tax cuts. The whole kit and caboodle. The same with sequestration.

The point to make is that the U.S. economy is headed for a recession. One ill omen is that business investment is faltering. Any tax boost will be particularly perverse. Destroying capital and hurting small businesses will only contract the economy even more. We shouldn’t follow the bad examples of Western Europe and Japan. These countries are all raising taxes and the results are frightening. Japan’s economy is declining. Southern Europe is in a severe recession. France and Germany are about to go into recession. Britain just reported disappointing economic news and experts believe its economy will go into negative territory.

Another point to make – it is ridiculous to try to reform the tax code two weeks before Christmas. Ditto for entitlements.

About “the rich” label, polls show that if the question is rephrased as to whether the economy would be helped if upper-income couples had their tax bills increased substantially, most Americans are opposed to the hikes. We should learn how to phrase these issues instead of employing the Democrat’s vocabulary.

II. Turn the tables on the White House debt ceiling proposal by passing a bill mandating that Social Security trust fund assets – now held in useless, non-negotiable IOUs from the Treasury – be converted to marketable Treasury bonds which should have been done decades ago. That way if there is a debt ceiling impasse early next year Social Security and Medicare payments won’t be jeopardized. The trust funds could just sell on the open market bonds to raise the cash to make payments. Those trust funds are supposed to have more than $2 trillion in reserves. Instead, they are loaded with phony, illiquid assets.

CONTINUED:  http://www.forbes.com/sites/steveforbes/2012/12/06/message-to-gop-no-tax-increases-go-on-offense/

Obama's Victims: List of Closed Businesses and Layoffs

TANSTAAFL Is About To Become A Common Term


The disintegration of an economy and a society can take two courses. One course is like rust. It is slow and barely perceptible. The other is a sudden collapse. The first course, if left untended, eventually turns into the second.


The US economy is now rusting away. Arguably it has been for decades. For anyone interested in looking, the signs are there. They will soon become unavoidable for even the most disinterested of our citizens.

Dan Amoss correctly described what is happening as a result of Washington’s overbearing involvement in the economy:

All government-directed economic activity grows at the expense of the private sector. And the election suggests that government coercion will drive even more U.S. economic activity in the future. This is a shame, because freely adjusting prices, competition, and innovation elevate living standards. Mandates, price controls, and subsidies — coercive actions — depress living standards. Quality falls. Shortages develop and persist.

Mr. Amoss is correct but does not forcefully convey the reality of a dying economy. These effects are beginning to appear.

Many businessmen hung on, hoping for a change in the madness that passes for economic leadership and policy. These hopes were dashed with the re-election of the ideologue driving the madness. Obama won the electoral college, but not the confidence of business. They are just beginning to cast their votes and it does not bode well for the future. Here is a partial list of the business reactions to the outcome of the election:

LAYOFFS ANNOUNCED SINCE ELECTION:
1.Abbott Labs 700

2.Activision 30
3.Adventist Health 48
4.Airlines SAS 6000
5.AMD 400
6.American Cotton Growers 110
7.ArcelorMittal 20
8.American Independence Museum 4
9.Ameridose 790
10.American Airlines 4400 + 800 leaving voluntarily
11.American Coal 54
12.Atlantic Lottery Corporation 16
13.Assc Milk Producers 130
14.Aveo Oncology 45
15.ATI 172
16.Bankia 5000
17.Bechtel Power Corp 277
18.Bigpoint Games 47
19.Boston Scientific 1200
20.Brake Parts LLC 75
21.Brattleboro Retreat 31
22.Bristol Myers 500
23.Career Education 900 + Closing 23 Campuses
24.Cigna 1300
25.Citigroup 100
26.Commerzbank 6000
27.Consol Energy in W.V. 145
28.Covidien 595
29.Crouse Hospital Syracuse NY 70
30.Cummins 150
31.CVPH 27
32.DEP in Tallahassee FL 15
33.DuPont, Co. 64
34.Eagle-Tribune, Andover 21
35.Emanuel Medical Cente 24
36.Energizer Holdings 1500
37.Ericsson 1550
38.Exide Tech, Laureldale 150
39.City of Findlay, OH 39
40.First Energy 400
41.Gameforge Berlin 20
42.Gamesa Energy 92
43.GenOn Energy Inc 33
44.Glen Falls Hospital 29
45.Groupon 80
46.GT Advanced Tech 165
47.Harris’ Broadcast 17
48.Hawker Beechcraft 400 + Facilities closing
49.Hill Rom 200
50.Hills Holdings 300
51.HMX Group 567
52.Hostess 627
53.Iberia Airlines 4500
54.ICM of Colwich 25
55.ING 2350
56.Judson University 21
57.Juniper Networks 500
58.Kaiser Permanente 84
59.Kinetic Concepts 427
60.Kratos Defense Security 125
61.Lackawanna County PA 11
62.Lightyear Network Solutions 12+
63.Lonza 500
64.Majestic Star Casino/hotel 80
65.Major Wind Company 3000
66.Martha Stewart Living 70
67.Medtronic 1000
68.Mills Manufacturing NC 68
69.Momentive, Inc. 150
70.Monitor Group 235
71.Montco Behavioral Health/Dev 58
72.NBC 500
73.Nebraska Medical Center 38
74.Neovia Logistics Services 52
75.New Energy 40
76.Ormet 200
77.Panasonic 10000
78.PayPal 320
79.Penn Refrigeration 40
80.Penske Logistics 50
81.Pepsi 4000
82.Philips Electronics 218
83.Pierce Mfg 325
84.Pratt & Whitney Rocketdyne 100
85.Research in Motion 200
86.Rheem Manufacturing 50
87.Sentry Foods 70
88.Shaw’s Supermarket 700
89.Shawano foundry WI 90
90.Smith & Nephew 770
91.Smithfield Packing Co. 125
92.Solel Solar Systems 140
93.Southeastern Container 15
94.SpaceX 100
95.SRA Intl Inc 222
96.St. Jude Medical 300
97.Stryker 1170
98.Sulake 60
99.Sun Media 500
100.TE Connectivity 620
101.TECO Coal Corporation 90
102.Texas Instruments 1700
103.The Providence Journal Co 23
104.TMX Group Ltd. 100
105.Turbocare 220
106.Turkey Point Nuclear Plant 277
107.Oce North America, Inc. 135
108.Turbocare OCE 220
109.UBS 10000
110.US Cellular 980
111.UtahAmerican Energy Inc 102
112.Volvo Trucks Pulaski County 300
113.Wake Forest Baptist Medical 950
114.Welch Allyn 275
115.West Ridge Mine 102
116.Westinghouse 50
117.World Media Enterprises Inc 105
118.WPS Health Insurance 600
119.Wright Patterson AFB 115
120.Wyodak Coal Mine 11
121.Xerox 2500
122.Yakima Reg Med Ctr Washington 10+
......and the list is growing!

ANNOUNCED BUSINESS CLOSURES SINCE ELECTION:
1.Bakers Footwear closing 150 stores nationwide, including 21 in California
2.The SCA plant in Barton – Plans Staff Reductions
3.Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
4.Caterpillar Inc. will close its plant in Owatonna Minn.
5.Waltz Pharmacy in Waldoboro Maine
6.Zac’s Place in Hinsdale IL
7.Lone Star Steakhouse at 70th and O streets and Ruby Tuesday at 56th Street in
8.Lincoln NE
9.Career Education Corp – Closing 23 Campuses – 900 Jobs Lost
10.Handy Hardware to close its 2-year-old Meridian, Miss. warehouse
11.Shamrock Bar at Payne City’s Rose Avenue. in GA
12.Monitor Company Group LP
13.ThinkEquity LLC
14.Homer City Funding LLC
15.Caterpillar Inc. will close its plant in Owatonna Minn.
16.Mount Pleasant’s Albrecht Sentry Foods
17.The Target store at Manassas Mall Va.
18.Millennium Academy in Wake Forest NC
19.Target Closing Kissimmee FL Location
20.Calgary’s iconic Rideau Music store ( International )
21.The Andover Gift Shop in Andover MA
22.Grand Union Family Markets Closing Storrs Location CT
23.Movie Scene Milford Location NH
24.Update: TE Connectivity Closing Greensboro Plant – 620 Layoffs Expected
25.Gomer’s Fried Chicken in South Kansas City
26.Kmart in Homer Glen
27.Fresh Market on Pine Street in Burlington
28.AGC Glass North America to permanently close its Blue Ridge Plant in Kingsport Tenn.
29.The Target store at Platte and Academy in Colorado Springs
30.Island Colors – A Carolina Beach Clothing Store
31.The Roses store on Reynold Road in Winston-Salem NC
32.Meanders Kitchen losing its West Seattle location at 6032 California Ave
33.Bost Harley-Davidson at 46th Avenue North and Delaware Ave. in West Nashville TN
34.Townsend Booksellers in Oakland
35.The Kmart store in Parkway Plaza off University Drive in Durham NC – 79 Jobs Lost
36.Guarantee Shoe Store in Beaumont Texas
37.Associated Milk Producers Inc. Closing manufacturing facility in Dawson Minn. – 130
38.Jobs Lost
39.FacadeTek Inc Closes Whitestown Facility – 72 Jobs Lost
40.Comet Market in Punxsutawney Pa.
41.JC Penney store in Miracle City Mall Titusville FL
42.TurboCare Inc Closing Manchester CT Facility – 88
43.The United Colors of Benetton store on Armitage Avenue IL
44.Update: Bicycle shop Ten 27 Cycles 1027 Davis St. in Evanston IL
45.Two Sears Product Rebuild Centers in The Woodlands Texas
46.FesslerUSA Clothing Maker Closing in PA
47.Ralph Lauren’s plans to close its 14 stand-alone Rugby locations
48.Nashville Sash & Door Co. Inc Tenn.
49.First Portuguese church in North America in Bedford Mass Closing?
50.International Fashions in Carbondale’s University Mall IL
51.Harper’s Old Army Surplus Store in West Monroe La
52.Nova Financial Holdings
53.The Party Warehouse in West Springfield Mass.
54.TLC Wine and Liquor at 1205 W. Main St in Kent Ohio?
55.The HAPPY Place 1042 N Coast Hwy, Laguna Beach, CA
56.Air Carrier Accessory Services – Chapter 7
57.SOW Inc. shelter on South Broad Street GA?
58.Systemax Inc., Closing Miami County Ohio Computer Plant – 120 Jobs Lost
59.Textbook publisher McGraw-Hill Cos. Closing 2 Distribution Centers – 166 Layoffs
60.First Place Financial Corp
61.Nash Finch Closing Cedar Rapids Iowa Food Distribution Center
62.Johnnie’s Foodmaster MA Closing all 10 Locations
63.Rainbow Foods will be closing its Forest Lake location MN – 59 Layoffs
64.Berry’s Camera Shop Inc. in Downtown Lafayette
65.Schreiber Foods to close their food packaging plant in Ravenna – 70 Jobs Lost
66.Kmart store at 5300 Salem Ave. Trotwood Ohio
67.Mr.Christie plant in Toronto ( International ) 2013 – 550 Jobs Lost
68.Coffee with T cafe in Stevenson Village business MD
69.Minas Basin Pulp and Power are closing a mill in Hantsport ( International ) – 135

ACTUAL LAYOFFS:
1.The Colonial Country Shoppe on Park Street in Adams MA
2.Vestas Wind Systems Closing R&D; Office in Louisville – 60 Jobs Lost
3.Dollar Castle in downtown Ferndale MI
4.Bistro One West in St Charles IL
5.Sun Dog Diner in Neptune Beach FL
6.Jim’s Builders Hardware in Wichita, Kansas
7.Madeleines Bakehouse in Fort Wayne Indiana
8.Barnes & Noble plans to close its doors in Union Station Dec. 31
9.The Semiahmoo Hotel in Blaine Washington
10.Highland Curves CA
11.The Salem Sport Shop in Salem Ohio
12.Navistar International Corp. to Close truck assembly plant in Garland, Texas – 900
13.Jobs Lost
14.Divine Mercy Catholic Books & Gifts Denton Texas
15.Singer Mental Health Center in Rockford IL
16.Garelick Farms Ends Production at Bangor Maine Facility
17.Fashion Tech Window Coverings in Portland?
18.Custom House Tavern Chicago IL.
19.Jim’s Builders Hardware in Delano
20.Lone Star Steakhouse at 1801 22nd St. in West Des Moines
21.Sears to Close Woodlands Product Rebuild Center – 117 Jobs Lost
22.Whitehead Inc Rockford Real Estate Company
23.Robert’s Mens Shop in Downtown New Philadelphia Ohio
24.Fort Tecumseh Olde Fashun Store in Ohio
25.Lakewood Beginnings Child Development Center in Lakewood Ohio
26.Green Fields Seed & Feed in Grand Junction Colo.
27.The Army and Navy Store in Melrose Mass.
28.Vitalistic Therapeutic charter school PA
29.Diamond Foods Inc Closing a plant in Fishers Indiana
30.Old Town Alehouse 5233 Ballard Ave in Seattle
31.Space Aliens restaurants in Minot and Grand Forks ND
32.DeWaay Financial Network LLC
33.Sears at Quail Springs Mall Oklahoma City OK.
34.Fashion Bug in O’Fallon MO is closing in January
35.Kmart Store in Oak Hill W. Va
36.Update: Jett & Hall men’s clothing store in Richmond KY
37.D.C. school List of Possible Schools Closing to Be released Later today
38.Dunkin’ Donuts in Holly Hill FL
39.Hostess Brands Inc Permanently Closing 3 Bakeries Following a Nationwide Strike
40.Philips Electronics subsidiary Lightolier will close its local fluorescent light
41.fixture manufacturing plant in Willington
42.Smithfield Packing Co. will close in 2013, laying off a total of 400 employees
43.SuperFresh outlets in Marlton and Westmont NJ
44.The Bagel Shoppe in Katonah NY
45.Ben Franklin and Homestead House Gifts in the Kimball Ridge Center in Waterloo IA
46.Several West Virginia Suzuki dealerships Being Forced to Close
47.Kowalski Cos Closing All 4 of its Metro Detroit Delis but to Continue Food
48.Production
49.Three Memphis charter schools and one in Nashville Tenn. Could Close Due to Poor
50.Test Scores
51.The Custer School District SD – Closing 2 Rural Schools
52.The Dressing Room, on North Lincoln Avenue IL
53.The Utica office of IBOPE NY

BANKRUPTCIES:
1.AMF Bowling Worldwide Inc
2.Aletheia Research & Management Inc
3.Omtron USA
4.Helmkampf Construction in Olivette
5.Clear Light Publishers
6.Monitor Company Group LP
7.ThinkEquity LLC
8.Homer City Funding LLC
9.US Suzuki Distributor – Chapter 11
10.Revolt Technology

This list should frighten every thinking American. It is a huge warning regarding what lies ahead. These changes are coming to an economy that is already unable to provide jobs or sustain living standards.

Decline is a slow process, until it becomes fast. It is not easy to see at first. It should be obvious to most that our economy is approaching a critical stage. When you have destroyed the trust and confidence of business, there will be no job creation.

Some parting words are in order for those responsible for the decisions reflected above. Shutting down and giving up is anathema to the spirit that built this country and is now only found among our entrepreneurial class. It goes against the very fiber that drives success. It is a last resort for entrepreneurs.

The decision to quit is lonely, involves guilt, self-doubt and remorse. It is the last act for someone that has tried everything to avoid it. Giving up and withdrawing is not an act of retribution. People do not willingly choose to go to Galt’s figurative gulch. They are forced there.

While the masses exult in the continuation of their food stamps, cell phones and other booty, the real story of this election is yet to be told. The nation is about to find out that policies and elections have consequences more important than free stuff.

The war against private enterprise can no longer be denied. President Obama’s re-election ensures that it will continue and likely accelerate. The makers are beginning to give up. The takers don’t have a clue. Soon the country is going to get a real-life lesson in economics. TANSTAAFL (There ain’t no such thing as a free lunch) is about to be learned.

(Click Here To Read & Comment Online At Liberty.com)

Obamacare Regulations Have Dragged $27.6 Billion Out Of The Economy

Obamacare Regulations Have Dragged $27.6 Billion Out Of The Economy, Killed More Than 18,000 Jobs…


Fully implementing Obamacare regulations have already cost the U.S. economy $27.6 billion and more than 18,000 jobs according to a new study released today. Just the top ten most expensive regulations have cost $24.4 billion, according to the new non-partisan and independent American Action Forum (AAF) report.

Just complying with the state health exchanges alone has to cost employers $3.4 billion according to the AAF totals which were compiled from Federal Register data. In addition to the regulatory costs, AAF estimates that Obamacare regulatory compliance has eaten up more than 60 million hours in paperwork. At 2,000 hours a year that comes to 30,000 jobs.

CONTINUED:  http://cowboybyte.com/13474/study-obamacare-regulations-have-dragged-27-6-billion-out-of-the-economy-killed-more-than-18000-jobs/

Letter to the Editor: DNC by Nancy Murdoch, CCTA Chairman

September 9, 2012

DNC


The Democratic convention in Charlotte was full of surprise, disorganization, chaos, intolerance, and vitriol. This certainly was not the Democratic Party of old. This is a party more focused on abortion on demand, paid by taxpayers, than the economic health and future of our Nation.

When candidate Obama spoke in 2008 of hope and change, is this the change we expected? A party where almost half booed God and Jerusalem? Who would have expected a delegate calling for the death of Mitt Romney? Or delegates agreeing the party platform should contain a plank restricting the amount of money a corporation can earn?

The sand sculpture of Obama says so much about those who support him. Usually we honor our heroes with marble or medal statues after they die. But admittedly, sand is appropriate for those who worship him. One delegate said she would support Obama regardless of what he wanted to do. No wonder God isn't important in their platform. They have their own Messiah.

When candidate Obama spoke of the end of red and blue states, did we think that meant we would be polarized as never before? Did we expect to see Democratic state party chairs to demagogue the opposition by comparing them to Nazis? Did we expect delegates and media pundits to ostracize and personally attack black GOP candidates? The Democrats portray themselves as the party of tolerance, but the tolerance doesn't extend to those who disagree with their leftist agenda.

It was amazing to see former military members openly support policies our country has fought wars to oppose. Our country was formed so all could have freedom. And even though we have had stumbling blocks along the way, America is the place where dreams can be realized, regardless of one's circumstances. It seems many in the Democrat party are confused as to where individual rights begin and end, and think laws should be made and enforced to uphold everyone's personal agenda, regardless of the consequences to others.

Never has an election been based on such opposing ideologies. On one side is the GOP with a platform of limited government, personal freedom and responsibility. Then we have the Democrats with as much government as we can't afford and as much regulation as executives orders can write. The differences can't be much clearer.

Nancy Murdoch
Havelock, NC

http://www.newbernsj.com/common/printer/view.php?db=nbsj&id=109037

David DeGerolamo: Concerning the economic collapse of the United States, how did we get here?

David DeGerolamo:  Concerning the economic collapse of the United States, how did we get here?

We are where we are today because career politicians have prostituted the founders' clear intention to limit government in …Concerning the economic collapse of the United States, how did we get here? We are where we are today because career politicians have prostituted the founders' clear intention to limit government in the name of "doing good." For decades both parties have grown government well beyond the boundaries of the Constitution and created the very problem our founders sought to avoid - a deeply indebted government that is threatening the very survival of our republic.
~Sen. Tom Coburn, The Debt Bomb

The above assessment may not account for 100% of our economic collapse: we have to include corruption and incompetence in Washington, DC to have a complete accountability of the causes. But here is the incredible part: not only were the people complacent (and therefore culpable) in the demise of the republic, we still argue that political parties are the solution. The small percentage of the people who understand our financial debt crisis are blinded by supporting only one solution: get Obama out of office.

Alright. I agree that this president has not only destroyed our economy and social structure, he has also destroyed the Democrat party. Good. If we destroy the Republic party, we have a chance to save the republic. Step one is to stop arguing for our ignorance. Again both parties have gotten us to this point and neither one will or can fix it. A rather bold statement so let's explore it a little further.

The monetary policy of our country is controlled by an independent banking committee known as the Federal Reserve. Under their control, our dollar has been devalued and manipulated to the point of insolvency. Does the government understand this? Of course but they are impotent to control the situation, let alone fix it. The endgame is close upon us and the prognosis is terminal. How do I know? The government has taken control of your money market assets so that you do not control your private property. If people started to withdraw their cash, our banks would collapse immediately. Think about that statement because that is one of the keys. We no longer have control over our own money. Have you tried to withdraw a large sum from the bank recently?

Most of our banks and brokerage firms are also leveraged with European credit derivatives that are worthless. The recent examples of MF Global, PFG Best and the Sentinel Group proved that these institutions not only stole assets from their clients' segregated accounts, the assets will not be recovered (unless you are Jamie Dimon).

Step two is to understand that the government is not only bankrupt, our financial institutions are bankrupt. This means accepting the fact that the US dollar will collapse. When will this happen? Whenever China revalues their currency on hard assets - mainly gold. At the rate of their gold hoarding, it will not be long before our dollar will no longer be the world's reserve currency.

Step three is to understand that the price increases for gas and food are not going to moderate: they are going to "necessarily skyrocket".

CONTINUE READING:  http://www.teapartynation.com/profiles/blog/show?id=3355873%3ABlogPost%3A2164303&xgs=1&xg_source=msg_share_post

Gas Prices: We Are Being Played by the Government

As gas prices rise and demand decreases due to economic conditions, the following excerpts show how energy and food are being used by the government to manipulate these commodities for their own purposes.  The Obama administration's views on energy have been inconsistent and without logic. The coal industry has been decimated by government regulations and labor unions to make the cost of this form of energy necessarily skyrocket.

The law requires 40% of corn production in the United States to be used to make ethanol. The energy required to make a gallon of ethanol is approximately the same energy that is released in its combustion so the net energy production is zero. The reality is that ethanol reduces the mileage per gallon so the average American must buy about 10% more ethanol based gasoline to drive the same amount of miles.

Who wins? The government collects another 10% in taxes. What are the consequences?

1. Reduced mileage/increased energy usage
2. Increased taxes
3. Motor/hose corrosion
4. Higher corn prices
5. Higher livestock prices

We are being played by the government but the real goal is control. Whoever controls your food and energy controls you. Liberty guarantees our freedom and it will be defended. How do I know? Because the government understands this core founding principle and knows we will defend ourselves but more importantly, we will defend Liberty. Do you really think the National Weather Service will be receiving those hollow point bullets?

CONTINUE READING:  http://www.teapartynation.com/profiles/blog/show?id=3355873%3ABlogPost%3A2160660&xgs=1&xg_source=msg_share_post

How the economy got this bad: A reality primer

Facts

1. The House and the Senate control the purse strings of government. Constitutionally, budgets do not come from the White House.

2. The Democrats took over the House and the Senate on January 3rd, 2007, two years before Bush left the White House.

3. Since January 3rd, 2007, the Democrats have proposed no budget as required by law.

The Housing Crisis

On January 3rd, 2007, Barney Frank, took over the House Financial Services Committee.

On January 3rd, 2007, Christopher Dodd took over the Senate Banking Committee. For years the Democrats had striven to fully implement the Community Re-Investment Act, and with Frank/Dodd in control its provisions became reality.

Starting in 2001, Bush and others asked Congress to stop Fannie & Freddie 17 TIMES!

• On Sept 11, 2003, the Bush Administration submitted plans to Congress for a "New Regulatory Agency," run by the Treasury, to monitor Fannie Mae and Freddie Mac. The Democrats blocked this effort led by Frank, Dodd, Obama, Clinton, Shumer, the Progressive (and Black) caucus.

• In 2004, the Bush Administration, investigated Fannie Mae and Freddie Mac and found massive fraud, yet Congress failed to penalize or prosecute anyone.

• And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? Why, it was then Senator BARACK OBAMA.

• And who fought against reform of Fannie and Freddie? Why it was BARACK OBAMA and the Democrat Congress.

• Also, Franklin Raines, Head of Freddie Mac, earned a $100 million bonus in 1999 and later became an advisor to the 2008 Obama Presidential Campaign. Coincidence? You be the judge.

• Using Acorn for intimidation of reluctant lending institutions, the way was clear for banks to make sub-prime loans, (loans to people that had little probability of paying them back) bundle them, and sell those baskets of loans to unsuspecting domestic and international investors. Many were "non-performing," or worthless loans.

• Fanny Mae and Freddy Mac were prime lenders during the housing bubble.

o More than anything else, it was the Community Re-Investment Act and de-regulation of the banks that caused the housing bubble and the economic crises we find ourselves in today. Since January 3rd, 2007, the Democrats have created the greatest deficits, the recession, and set us up for the greatest financial disaster in the history of this country.

Sources: Any Google search

CCTA: AFP ROADTRIP THIS WEEK!

CCTA Members and Friends!


CCTA will be cosponsoring the event Thursday night in New Bern. Come by for refreshments and fun and to sign the petition and tell President Obama "the private sector is NOT doing fine." Our regularly scheduled Original Argument class will take place AT THE BRIDGE POINTE HOTEL at 7:00 pm.

Hope you will join us! Bridgepointe Hotel, The Berne Room, 5 pm -- 7 on This Thursday!

AMERICANS FOR PROSPERITY

You and I know it – our economy isn’t “doing fine” and President Obama’s policies are largely at fault.



Americans for Prosperity – North Carolina is on the road this week to talk with AFP activists about how President Obama’s disastrous policies are impacting our state and to collect petitions reminding him that we are not doing fine.


Have you seen our new Doing Fine ad? Click below to watch it today!
http://www.youtube.com/watch?v=z7VLSnI2DAw&feature=youtu.be

We’ll also be hosting a “Hands of My Health Care” rally this Saturday with our friends at the NC Civitas institute. Regardless of how the Supreme Court rules this week on the health care case, Americans for Prosperity supports complete repeal of the President’s health care takeover.



Help us send a message to President Obama and the rest of Washington by joining us at one of our upcoming events. See the calendar below for the event closest to you!


I hope to see you this week!

Sincerely,
Dallas Woodhouse, State Director
Americans for Prosperity – North Carolina

Wednesday, June 27 "It’s Not Doing Fine" Events
AFP staffers will collect “It’s Not Doing Fine” petitions and talk with citizens about how they can fight Obama’s disastrous policies. Stop by for free food, beverages and conversation!

Greenville: 7:00-9:00 am Rep Express Catering, 805 Red Banks Road, 27858
Talk of the Town with Henry Hinton will broadcast live on location from Rep Express.

New Bern: 5:00-6:00 pm Captain Rattys’s Seafood and Steakhouse, 202 Middle Street, 28560
Eastern Carolina News and Views will broadcast live on location from Capt Ratty’s.

Thursday, June 28 It’s Not Doing Fine Events
AFP Staffers will be on hand to collect “It’s Not Doing Fine Petitions” and discuss with citizens what we can do to fight Obama’s disastrous policies. Stop by for a great food and conversation!

Wilmington: 5:30-10:30 am Capt’n Bill’s Backyard Grill (banquet room), 4240 Market Street, 28403
Big Talker Radio with Chad Adams will broadcast live on location from Capt’n Bill’s.

New Bern: 5:00-7:00 pm Bridgepoint Hotel, 101 Howell Street, 28562
Viewpoints with Lockwood Phillips will broadcast live on location from the hotel.

Can’t make it to the events? Sign the petition and spread the word!

Saturday, June 30 Hands Off My Health Care Rally
Raleigh: 10:00 am-3:00 pm Crabtree Valley Marriott, 4500 Marriott Drive 27612

Free lunch and carnival food!

Sign up today for this free event today!

• 10:00 am Fun activities for children and Freedom Phone banking
• 12:00 noon Hands Off My Health Care Rally
• 1:00-3:00 pm More Freedom Phone banking

SIGN THE PETITION TO OBAMA: Mr. President, the Private Sector is NOT DOING FINE!

Join CCTA on June 28th, 5-7 pm, for a Joint Event with The Lockwood Phillips Viewpoints Show (WTKF 107.1 FM Broadcasting Live) and Americans for Propserity as we send a message to President Obama--The Private Sector IS NOT FINE!!!

Bridge Pointe Hotel, 101 Howell Rd., New Bern, NC 28562. Contact Lynn Childs for info, phone:

Fun and refreshements!

Morning Bell: How Taxmageddon Will Impact You

"I've said that this is a make-or-break moment for the middle class, and I believe it," President Obama told an Ohio crowd yesterday.

Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history. Starting January 1, 2013, Americans will face a $494 billion tax increase, the highest ever in one year. According to The Washington Post, congressional aides started calling it "Taxmageddon"—a chilling reference fit for an apocalyptic nightmare. Federal Reserve Chairman Ben Bernanke has warned that it will be a "massive fiscal cliff" for the economy.

How will this affect you? Heritage has a new Taxmageddon page that shows the impact of these tax hikes on individuals. It includes an interactive map where you can click on your state to see what the average tax increase will be, based on the average income of taxpayers in your state.


READ ON:  http://blog.heritage.org/2012/06/15/morning-bell-how-taxmageddon-will-impact-you/?roi=echo3-12299467749-8906733-63d99ac4d066670dad40d284ee57c3ce&utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell

The unemployment rate drops to 8.2% for one simple reason: the government lies

Truth vs. Propaganda.

The media is trumpeting another fall in unemployment today as the number of jobs created was only 60% of the expected 203,000. If the expectations had been met, unemployment should have stayed level at 8.3%. The propaganda media ignores this reality and glorifies this as good news since unemployment fell to 8.2%. Really? Removing people from the workforce denominator to adjust the numerator to a lower number will actually be believed by educated Americans? The answer is yes: if it worked in the past, it will continue to work in the future. An analysis from Zerohedge.computs this into perspective:


CONTINUED:  http://www.teapartynation.com/profiles/blog/show?id=3355873%3ABlogPost%3A1953548&xgs=1&xg_source=msg_share_post

SUN JOURNAL LETTER TO THE EDITOR: Remember FDR, by CCTA Member Carlton Melvin

February 23, 2012

Remember FDR


How often do we hear GOP politicians, pundits and the general populace mindlessly espouse the political vulnerability of President Obama due to the sorry state of the economy.


Fact is the economy was far worse at this same time during FDR’s first term. Unemployment was more than double what we have now and he was re-elected in a landslide proving that dependency on the government pays off.


Obama is well aware of this but the GOP and the media obviously still don’t get it. Growing numbers of Americans on food stamps, existing jobs propped up by bailouts, mortgage payments in arrears subsidized by government intervention. Recipients of this mass government rescue are, of course, potential voters who will vote for their “rescuers” even if the rescuers happen to be the very reason for their plight in the first place. Wouldn’t most?


Obama’s glee is further fortified as he observes the GOP candidates and their “character assassination” circus demean their presidential images.


The election is far from being “in the Republican bag”. It must not be forgotten that dependency always pays off for politicians, even when it has in fact critically wounded an economy along with its society.


The GOP should erase all smugness and remember FDR!

Carlton Melvin, Havelock
http://www.newbernsj.com/articles/hear-104510-populace-letter.html

Message from NC Senator Richard Burr

February 10, 2012



This Week in Washington: Unemployment Benefits Reform Act
This week, I introduced a bill called the Unemployment Benefits Reform Act of 2012 which would individuals who have been unemployed for six months or more to complete 20 hours of public service and 20 hours of active job search or other work related activities per week as conditions for receipt of federal extended unemployment benefits. The United States economy is suffering, and we are experiencing record levels of sustained unemployment. Being unemployed for an extended length of time can be demoralizing for people looking for work, but engagement in volunteer service will encourage unemployed workers to maintain job skills, marketability, and a sense of self-worth while providing for the betterment of their communities. Even more, the active job search requirement will enhance the integrity of the unemployment system and its ability to identify and serve those most in need.

Public service may be fulfilled by working for a 501( c ) (3) organization or a federal, state or local agency, and the bill protects government workers from displacement by only permitting volunteering with a governmental agency when permitted by current law. However, with nearly 13 million unemployed Americans and potentially limited opportunities for voluntary service, states would have the discretionary power to waive the requirement for individuals who had made a concerted effort to volunteer. In addition, unemployed individuals may be exempt from the public service requirement due to illness, family emergency, or if they are unable to perform public service due to child care responsibilities or lack of transportation.


Work related activities include subsidized private sector employment; subsidized public sector employment; work experience (including work associated with the refurbishing of publicly assisted housing); on-the-job training; job readiness assistance; vocational educational training, education directly related to employment, receiving a high school diploma or a certificate of high school equivalency; and providing child care services to an individual who is participating in a community service program.

Not only will this bill improve the stability of our unemployment system, it will also keep the morale, and more importantly, the employability, as high as possible for those looking for work.


Religious Freedom Restoration Act

On Thursday, I signed on as a cosponsor of the Religious Freedom Restoration Act of 2012, a bill introduced by Senator Marco Rubio (R-FL) that would repeal the recent mandate under the President’s health care law that violates religious liberties and conscience rights of faith-based institutions by forcing them to offer employees insurance coverage for contraception free of charge. This mandate is an example of the White House’s complete disrespect for religious beliefs, which has deeply offended many Americans and institutions who do not want to have to choose between providing health insurance for their employees and abandoning the religious beliefs and morals they hold dear.

Religious liberty is one of the most valued freedoms upon which this nation was founded, and I hope that President Obama will reverse this unprecedented federal mandate that conflicts with long-standing religious freedoms and conscience protections.

http://burr.senate.gov/public/