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wayne @goldhunter ?

Maryland
active 3 months, 3 weeks ago
"Editor’s note: This piece was authored by Brion McClanahan. In case you missed it, and many did, President Barack Obama gave his annual “State of the Union” address last night. All the pageantry, the pomp…the demagoguery, what’s not to watch? [...]" · View

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    wayne posted an update:   3 months, 3 weeks ago · View

    Editor’s note: This piece was authored by Brion McClanahan.

    In case you missed it, and many did, President Barack Obama gave his annual “State of the Union” address last night. All the pageantry, the pomp…the demagoguery, what’s not to watch? In light of President Obama’s promises and agenda, perhaps it would be useful to analyze his address through the lens of the founding generation. After all, they wrote and ratified the Constitution, so they should have a fair understanding about its meaning, powers, and how it should be interpreted.

    Obama: “Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy that’s built to last -– an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values.”

    Founders: First and foremost, the president does not have the constitutional authority to “lay out a blueprint” for the American economy. He is not legislator-in-chief or the prime minister. He can make “recommendations” as the Constitution states, but that does not involve a legislative agenda.

    Obama: “Tonight, I’m announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trading practices in countries like China.”

    Founders: Where does the Constitution give you such authority? If you want to discuss trade problems, then address that with the Chinese government and present a treaty to the Senate for approval. You do not have unilateral authority over any foreign policy issue.

    Obama: “Join me in a national commitment to train 2 million Americans with skills that will lead directly to a job. My administration has already lined up more companies that want to help.”

    Founders: Again, Mr. Obama, where can you find the constitutional authority for such activity? There are no delegated powers in the Constitution, either for the congress or the executive to build educational partnerships. That is a state issue.

    Obama: “Innovation also demands basic research. Today, the discoveries taking place in our federally financed labs and universities could lead to new treatments that kill cancer cells but leave healthy ones untouched.”

    Founders: And only the federal government can provide these resources? First, they are unconstitutional. Second, the most innovative things in the history of the world were produced by private enterprise, and third the United States is broke. Do you believe with over $100 trillion in unfunded liabilities that the United States has the money to invest in what should be the purview of private enterprise?

    Obama: “I’ve already sent this Congress legislation that will secure our country from the growing dangers of cyber-threats.”

    Founders: You have “sent this Congress legislation”? See our first point.

    Obama: “The executive branch also needs to change. Too often, it’s inefficient, outdated and remote. That’s why I’ve asked this Congress to grant me the authority to consolidate the federal bureaucracy, so that our government is leaner, quicker, and more responsive to the needs of the American people.”

    Founders: This is, perhaps, the grossest distortion of the Constitution of the night. The executive branch was designed not to be the focus of the government. We assured the people of the States in 1787 and 1788 that the president would have limited power. Furthermore, congress cannot “grant you the authority” to do anything. That has to be done through the amendment process. For someone who parades around as a “Constitutional scholar” you have a limited understanding of the Constitution as ratified by the States. The president of the United States is not a dictator or king, and as Alexander Hamilton and others pointed out during the ratification process, the president has few defined powers. Hamilton actually said in Federalist No. 69 that the president has no control over “the commerce or current” of the nation. More than anything, we feared a tyrannical executive and broke away from one in 1776.

    Obama did get one thing right during his address: “On the other hand, even my Republican friends who complain the most about government spending have supported federally financed roads, and clean energy projects, and federal offices for the folks back home.” On that point, the founding generation would agree. If the insanity in Washington is to stop, if Americans are to return to low taxes, light spending, low debt, and a “general government” as the founding generation called it that handles only the general concerns of the Union of the States, than the American people need to hold both parties accountable. We need to understand the Constitution as ratified by the States in 1787 and 1788. Otherwise, we are doomed to live under a government that has shredded the Constitution and a president that believe he alone has the power to save the economy, control commerce and education, and legislate from the White House. If that is the case, our Constitution is nothing more than a scrap of paper under glass in Washington D.C.

    Brion McClanahan is the author of The Founding Fathers’ Guide to the Constitution as well as The Politically Incorrect Guide to the Founding Fathers. He holds an M.A. and Ph.D. in American history from the University of South Carolina. Born in Virginia, he attended high school in Delaware and received a B.A. in history from Salisbury University in Maryland. He lives with his wife and children near Phenix City, Alabama, just across the river from Columbus, Georgia.
    By Townhall.com Staff

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      EC2 · 3 months, 3 weeks ago

      Wow good job Wayne.. B.

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    wayne posted a new activity comment:   3 months, 3 weeks ago · View

    It doesnt mean he has to agree with them.

    In reply to - wayne posted an update: Dear Fellow Conservative, As a Christian, I firmly believe a man’s faith and his values are something we need to take into deep consideration when choosing the next President of the United States. Earlier this week, I decided to endorse Ron Paul because, like me, Ron Paul is a man of deep [...] · View
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    wayne posted a new activity comment:   3 months, 3 weeks ago · View

    We need ten times that amount challenging him!!!

    In reply to - wayne posted an update: Let the games begin. Gingrich’s ex-wife is paraded out for a tell-all about her marriage, creating doubts about Newt’s morality. Rick Perry’s hunting camp rock of decades ago gets more ink than the Iranian war games, and he’s questioned about his bigotry. Herman Cain is confronted with old girlfriends and we all [...] · View
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    wayne posted an update:   3 months, 3 weeks ago · View

    Let the games begin.

    Gingrich’s ex-wife is paraded out for a tell-all about her marriage, creating doubts about Newt’s morality.

    Rick Perry’s hunting camp rock of decades ago gets more ink than the Iranian war games, and he’s questioned about his bigotry.

    Herman Cain is confronted with old girlfriends and we all know how that turned out.

    I’m sure that if Michele Bachmann had fared better, we would have learned that she kicked her dog and underfed her dozens of children, making her a contemporary Mommie Dearest.

    As for Ron Paul, well, in the media most dismiss him as just a wacko. The mainstream media, contrary to their continued denouncements, is definitely biased.

    I’m sure that comes as no revelation. In fact, it’s probably a column not even worth writing. Dismiss it, forget it, and move on. That’s where; once again, it got me thinking.

    Why has no former grade school, high school, or college classmate of Barack Hussein Obama ever been found?

    I’m sure his old classmates could have shed light on his personal life, such as his interests and hobbies.

    Why hasn’t an old girlfriend emerged to tell about a wonderful date, or what a great boyfriend he was and how he was so sincere and understanding?

    I believe Obama is a Marxist, in fact, I think he’s a Fascist. Why don’t any of his former teachers come forward and defend him from statements like mine? As Romney’s Bain Capital job is examined inside and out, where is the same examination of Barack Obama?

    The mainstream media would say “Old news, just old news, move on.” “He’s the President.”

    Unfortunately, had the bias been dispensed with originally, maybe these questions would have been answered.

    No matter how old it is, an unanswered question is still an unanswered question. This President evokes uncertainties of both character and behavior every single day.

    Statements and decisions that create an almost totalitarian atmosphere require that questions be asked and answers given. If these critical inquires are not made by the mainstream biased press, then they should be made by us, the citizens of the United States.

    Will the same scrutiny be given to both Presidential candidates this time? More than likely, the answer is no.

    However, there should be equal scrutiny, and we must not only ask it and request it, but we must demand it.
    By Bill Tatro

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      Paul Hosman · 3 months, 3 weeks ago

      Bill, you will be happy to know that the State Supreme Court in Georgia has whack a suppression request from Obama’s attorneys who argue that, because he is President, he does not have to appear in court as subpoenaed. Some citizens of Georgia are challenging the right for his name to appear on the November ballet. The President’s attorney’s argument is that he would need to postpone his duties in Washington in order to appear. The judge ruled, as a citizen and a candidate, and since the states hold the vote for President, states rights prevail.

      President Obama will be required to produce a number of documents clarifying his right to run for President including two certified copies of his long form birth certificate, his early school enrollment records, his childhood church records, statements of childhood friends and classmates and a clarification on why his Social Security number does not match up with the state he claims to have received it in.

      There are at least 5 states undergoing similar challenges.

      Have a great day.
      PH

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        wayne · 3 months, 3 weeks ago

        We need ten times that amount challenging him!!!

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    wayne posted an update:   3 months, 3 weeks ago · View

    Dear Fellow Conservative,

    As a Christian, I firmly believe a man’s faith and his values are something we need to take into deep consideration when choosing the next President of the United States.

    Earlier this week, I decided to endorse Ron Paul because, like me, Ron Paul is a man of deep Christian faith.

    Of course, Ron Paul doesn’t always talk about his faith, because he doesn’t want to seem like he’s exploiting it for political gain.

    So today, I’m writing you to tell you a little bit about the Ron Paul I’ve gotten to know.

    Ron Paul is married to his high school sweetheart, Carol, and together they have 5 children and 18 grandchildren.

    Ron Paul is an Air Force Veteran, having proudly served our country as a Flight Surgeon in the Air Force and in the Air National Guard.

    While in the military, Ron Paul took an oath to protect and defend the Constitution of the United States. As a member of Congress, he’s taken a similar oath, with one hand on the Bible and the other held high.

    And as a Christian, an oath to God is something that Ron Paul takes seriously.

    That’s why, during his entire time in Congress, Ron Paul has NEVER voted for a single piece of legislation that wasn’t expressly authorized by the Constitution.

    That’s because Ron Paul doesn’t just ”talk the talk” but truly lives his faith.

    For example, as a medical doctor, Ron Paul had two rules in his office.

    First, absolutely NO abortions. Second, his office refused to accept any federal funds.

    But Dr. Paul didn’t turn patients away. Instead, he treated them for discounted prices, and if they couldn’t afford that, he treated them for FREE.

    That’s because Ron Paul understands that we are commanded to love our neighbor as ourselves in Mark 12:31.

    In fact, a few weeks ago, a Texas man named James Williams told a touching story to the national media about how back in the 1970s, his wife had a complication with her pregnancy, and was having trouble finding medical care.

    Ron Paul gave them free medical care, and he never even sent them a bill of any kind for his services.

    When asked about it in a news interview, Ron Paul didn’t recall the story. That’s because Ron Paul did these types of things all the time.

    That’s just the type of man Ron Paul is and always has been.

    As a Congressman, he doesn’t participate in the lucrative Congressional pension program. He’s never voted to increase his own salary. He’s never taken a government-paid junket, and he returns a portion of his budget back to the Treasury Department every year.

    Earlier, I mentioned how Ron Paul believes in a strict adherence to the Constitution and understands that national defense is the primary and most important function of our federal government.

    That’s why he voted for the use of force in Afghanistan after 9-11, and he supported going after Osama bin Laden and other terrorist leaders.

    Our troops understand that Ron Paul knows what it takes to keep America safe, which is why he has received more contributions from members of the military than all other Republican candidates – COMBINED.

    You see, when it comes to foreign policy, Ron Paul isn’t saying that we should never go to war.

    All Ron Paul is saying is that members of Congress should take their constitutional oath to God seriously, and if war is necessary, we should follow the Constitution and declare it, fight it, win it, and come home.

    The Ron Paul I know is a humble man of deep Christian faith.

    And I’m sure you agree that with the state of moral decline our nation is currently in, we need an evangelical Christian man in the White House to turn our country around.

    Ron Paul is that man.

    For Liberty,

    Kevin Bryant
    State Senator
    District 3

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      Paul Hosman · 3 months, 3 weeks ago

      While I agree that any person who chooses to run for any public office should come from a moral back ground I don’t believe that his faith is necessarily his trump card. Being a man of faith does not make him a man of wisdom in all areas.

      Ron Paul is an incredible person and obviously has served his state and his country well. That being said he has spent 23 years in Congress and only one of his proposed bills has been signed into law; 23 years, one law. And over that time period, Mr. Paul has sponsored 620 pieces of legislation. Again, only one was passed, the sale of the old U.S. customs house to the Galveston Historical Foundation.

      Ron Paul’s knowledge of finance and fiscal responsibility, along with his firm beliefs in following the Rule of Law, the Constitution, and States Rights are honorable, his stance on foreign policy borders on insane, naïve and dangerous, at least in my view.

      Further, anyone who will sit down and negotiate an extremely National Defense Plan with Barney Frank and the likes of George Soros is automatically disqualified.

      PH

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        wayne · 3 months, 3 weeks ago

        It doesnt mean he has to agree with them.

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          EC · 3 months, 3 weeks ago

          Good Point Wayne does America want a sound leader who believes the constitution is the rule of law.. The system is ”do we believe the person we are voting for is true to his word and will the laws of the land allow him/her to implement them. Not Sure..

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          Paul Hosman · 3 months, 3 weeks ago

          Oh, but he does agree with the:
          It was recently observed that Ron Paul was to the left of Obama on national security and the best evidence for that statement can be found when one year ago Ron Paul joined forces with Barney Frank​ on a proposal to gut national defense via a panel of experts, quite a few of whom were tied to George Soros​.
          Posted from an article from The Life and Liberty Report.
          Just Google Ron Paul George Soros Barney Frank all together and you’ll get 10 substantial posting.

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    wayne wrote a new blog post: Ron Paul   3 months, 4 weeks ago · View

    Dear Fellow Conservative, I am going to describe a candidate for you right now, and I want you to think about whether or not you would support him. This candidate was for the individual mandate that served as the model for “ObamaCare.” He was originally for the TARP bank bailouts before he was against them. [...]

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    wayne posted an update:   3 months, 4 weeks ago · View

    The warnings are coming from the unlikeliest of places.

    First Sarah Palin tells Fox News that “the worst thing that the GOP establishment can do is marginalize Ron Paul and his supporters.” Then that sentiment was echoed by Sen. Jim DeMint, speaking on The Laura Ingraham Show, when he warned that it would be to the party’s detriment to ignore Paul and his supporters. DeMint even gave permission for Paul to use the senator’s voice in a radio ad.

    In the two Republican contests so far, Paul consistently won about 20 percent of the vote. Polls show that even in South Carolina, which is not considered hospitable territory for the Texas congressman, he is expected to take about one-sixth of the vote. It is very likely that he will reach the Republican convention with the second-highest number of delegates.

    ”What can Republicans do to keep Paul’s supporters in the tent?”

    Yet, large portions of the Republican party seem torn somewhere between reading him out of the party entirely and hoping that Paul and his supporters will quietly fade away.

    Many of Paul’s detractors belittle his vote totals by pointing out that much of his support has come from non-Republicans. It is true that Paul won in both Iowa and New Hampshire among independents and people who had never before voted in a Republican primary. In New Hampshire, for example, roughly 63.5 percent of his vote came from independents.

    But why is that a bad thing? Given that just 35 percent of voters are registered Republicans, it stands to reason that any GOP candidate is going to have to attract the votes of independents and possibly even disaffected Democrats. Moreover, at a time when many Republican voters are holding their nose in the voting booth, Paul’s supporters are nothing if not enthusiastic. Furthermore, Paul is probably the only Republican candidate who can eat into President Obama’s hold on the youth vote.

    But that enthusiasm and those votes are not going to be easily transferred to the eventual Republican standard bearer. Worse, a potential Paul third-party candidacy, while unlikely, would almost certainly guarantee Obama’s reelection.
    Paul is unlikely to be bought off with a prime-time speaking spot at the Republican convention. And neither he nor his son Rand is realistically going to end up as the vice-presidential candidate. What then can Republicans do to keep Paul’s supporters in the tent?

    Well, to start with, instead of deriding Paul as a RINO or some sort of a crank, and hoping his supporters go away, they might begin to take some of his ideas seriously.

    As Senator DeMint says:

    I don’t agree with him on everything, but he is right about the out-of-control and unaccountable Federal Reserve. He’s right about the need for limited constitutional government and the importance of individual liberty. And I really think the Republican who is going to win this thing — if they capture some of what Ron Paul’s been talking about for years. And more and more we can see that what he’s been talking about is true. Again, you don’t have to agree with everything he’s saying, but if the other candidates miss the wisdom in what he’s been saying about our monetary policy and limited government, then I think we will see it’s to their detriment because the 20 percent or 25 percent or so that are supporting him are people that we need in the Republican party. A lot of them are libertarians, but they’re our natural base. We shouldn’t ignore them.

    That would mean putting forward detailed plans to reduce the size, cost, and intrusiveness of government. It would mean the candidates explaining in detail how they would reform entitlement spending and dismantle Obamacare. It would mean talking about how they will reduce the authority of unelected bureaucracies, including the Fed. It would mean ending corporate welfare, farm supports, ethanol subsidies, and bailouts. It would mean recognizing that, as Sarah Palin noted, “Americans are war-weary,” before proposing the next intervention overseas. It would mean that protecting individual liberty is important, even in an age of terrorism.

    For years, Republican candidates have worried that if they didn’t hew to the hardest line possible on social issues, religious conservatives would stay home on Election Day. Economic conservatives, libertarians, and believers in smaller, constitutional government were never given similar deference. The result was a Republican party that drifted ever further away from its Goldwater-Reagan roots.

    But that may be about to change. If not, Republicans can’t say they weren’t warned.

    This article appeared in National Review (Online)

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    wayne posted an update:   3 months, 4 weeks ago · View

    Sign-Up The decision by the Obama administration to delay any action on the XL Keystone pipeline until after the election is a fitting development for an administration that has pursued a bankrupt energy policy, a bankrupt jobs policy and is quite literally bankrupting the country with politics thinly veiled as policy.

    And the beauty for Obama in this latest axe he’s taken to jobs in the USA is that he doesn’t even have consider Congress while he’s swinging it. He can kill close to a half-a-million jobs all on his own.

    “The State Department said Thursday it would take up to 18 months to review alternative routes for the Keystone expansion,” reports MarketWatch, “so it avoids carrying heavy Canadian crude past Nebraska’s environmentally sensitive Sand Hills region and a major regional aquifer.”

    The pipeline could ultimately supply about a million barrels of Canadian oil to the US per day and 400,000 US jobs, most of them almost immediately. But instead, the president, who has been railing against Congress for not passing another expensive jobs bill just killed 400,000 American jobs, while making sure the price of gas stays high for citizens.

    And despite everything the Obama administration has done to slow down domestic development of oil and gas resources, the oil and gas sector is one of the fastest growing jobs markets in a very anemic job market. While other sectors are shedding jobs, oil and gas is hot.

    “The six fastest-growing jobs for 2010-11,” according to Economic Modeling Specialists Inc’s (EMSI) latest quarterly employment data, “are related to oil and gas extraction. This includes service unit operators, derrick operators, rotary drill operators, and roustabouts. Each is expected to grow anywhere from 9% to 11% through this year, in an otherwise mostly stagnant economy.”

    Imagine what would happen if we could get Obama to cooperate with creating jobs just a little bit.

    The State Department had already issued an approval for the XL Keystone project back in August and it was just waiting on Obama’s desk for action.

    Obama could have approved the pipeline easily on economic grounds- the project will create 20,000 construction jobs, plus another 350,000 ancillary jobs- but he’s being bullied by his friends on the left to stop the project in its tracks. The green meanies want him to put their anti-growth, anti-development, anti-job, misanthropic agenda above the welfare and prosperity of US citizens…again.

    And he’s complied with them now temporarily, likely with the message that if they get him reelected, he’ll kill the project permanently.

    Environmental whackos have been getting arrested by appointment at the White House for the last two months hoping to put pressure on Obama to scuttle the most significant development in energy for our country in the last 50 years.

    If successful, the Keystone pipeline will not only significantly reduce US imports of oil from place like the Middle East and Latin America, but it will also help open up huge new oil resources in the United States by providing the confidence to develop oil reserves in the Rocky Mountain region.

    While it’s estimated that Canada may have as much as 2 trillion barrels of oil in reserves, “the U.S. Geological Survey estimates the [US] has 4.3 trillion barrels of in-place oil shale resources centered in Colorado, Utah and Wyoming, said Helen Hankins, Colorado director for the U.S. Bureau of Land Management” according to the Associated Press.

    4.3 trillion barrels is 16 times the reserves of Saudi Arabia or enough oil to supply the US for 600 years.

    But the newest delay has noting to do with aquifers in Nebraska; rather it has to do with activists on the left who want no fossil energy development under any circumstances. Obama thinks that if he alienates these activists, that he can forget about reelection. He’s already alienated the right and center. The only place he has to go is to the left.

    The left doesn’t care about jobs. They only care about their agenda.

    ”The road to viability for the oil shale industry is reliant on a predictable regulatory structure and an environment in which companies can invest in research and development and create jobs,” said Congressman Scott Tipton (R-CO), who has accused Obama of delaying the commercial extraction of shale oil by adding regulatory obstacles.

    ”The proper implementation of our environmental and safety regulations already on the books is a far better strategy than adding additional layers of bureaucracy to the process,” said Tipton who held hearings on the subject in Colorado in the summer.

    Earlier this summer the high priest of climate change, Nobel Prize winner, Al Gore blasted Obama for being timid on environmental matters, perhaps because he sensed a sell-out coming.

    It will be a tough sell to the American people struggling under massive unemployment that the 400,000 jobs that could have been created by Keystone aren’t more important than the worries of environmentalists who think that a grouse has more value than a baby.

    After all, the oil shipped through Keystone will replace oil that is being purchased from countries that don’t like us very much. And the project will add good paying, US jobs.

    And this latest delay will undercut Obama’s demand that Congress pass his jobs bill “immediately,” a demand that started before the bill had even been written.

    “The question, then, is, will Congress do something?” the president said at a press conference when he announced his jobs bull, but before he presented it to Congress.

    ”If Congress does something, then I can’t run against a do-nothing Congress. If Congress does nothing, then it’s not a matter of me running against them. I think the American people will run them out of town, because they are frustrated.”

    Frustrated? Yeah.

    Obama still doesn’t understand the half of it.

    It will be US Against Him until he’s out of office.

    PS- If you friend me on Facebook you get sneak peeks of columns!

    PS Part 2- The email function at the top of the page working again. Sorry it took so long. Let the Hate Mail begin!
    By Bob Beauprez

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    wayne posted an update:   4 months ago · View

    watch this befohttp://www.youtube.com/watch_popup?v=tCAffMSWSzY#t=28

    re its pulled, fox news has been trying to run it.

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      Aaron Fenton · 3 months, 4 weeks ago

      So what if he’s Muslim?

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    wayne posted an update:   4 months ago · View

    I’ve written several times about a proposed IRS regulation that would force American banks to put foreign law above U.S. law. I’ve repeatedly warned that the scheme, which would force financial institutions to report the deposit interest they pay to foreigners, is bad economic policy, bad regulatory policy, and bad banking policy.

    My arguments have included:

    Explaining that this onerous regulatory scheme will result in capital fleeing to other nations, needlessly harming the financial sector and putting American banks at risk.
    Explaining why the proposal is a threat to human rights since many foreigners keep money in the United States because they live in nations with unstable and/or repressive governments.
    Explaining that the IRS action is a gross abuse of the regulatory process since an executive branch agency does not have the authority to overturn laws enacted as part of the democratic process.
    Explaining that this proposed regulation is just the beginning, and that proponents hope to issue follow-up rules that would cripple policies making America a haven for global capital.
    But these points don’t seem to matter to the Obama Administration, which is ideologically committed to the anti-tax competition agenda of Europe’s welfare states. This is why the White House supports all sorts of destructive policies, including not only this misguided regulation, but also the creation of something akin to a world tax organization that will have power to block free-market tax policy.

    A new article in the Weekly Standard explains what’s at stake.

    Early last year the Treasury Department published its “Guidance on Reporting Interest Paid to Nonresident Aliens,” which would require banks to report to the Internal Revenue Service the interest paid to foreign depositors with a U.S. bank account. While the Treasury and the regulatory apparatus insist that the cost and inconvenience of adhering to this regulation is next to nothing, the rule may cost the U.S. banking system hundreds of billions of dollars in lost deposits, in turn costing our economy billions of dollars, while providing no discernible benefit to banks, depositors, taxpayers, or the U.S. economy. …a much bigger problem—for banks and the economy—than the compliance costs is the threat of a massive capital flight. The United States is a very popular place for foreigners to park their savings, for a variety of reasons. For starters, we offer a stable government that can be trusted to keep its hands off deposits—something that appeals greatly to residents of Venezuela, Argentina, Ecuador, and any number of other unstable countries. …As a result, a staggeringly large amount of savings from abroad is currently held in U.S banks. While the Treasury asserts that “deposits held by nonresident alien individuals are a very small percentage of the [total] deposits held by U.S. financial institutions,” that very small percentage amounts to more than $3.7 trillion, according to a 2011 Bureau of Economic Analysis report, hardly a pittance. The massive amount of foreign savings here is a boon to the U.S. economy. Banks lend against these deposits, mainly to companies here in the United States. Jay Cochran, an economist at George Mason University, studied the impact that the more limited 2002 reporting requirements would have had on the banking system, estimating that it would have resulted in nearly $100 billion in deposits leaving the U.S. banking system. A reporting regulation that covers all foreign accounts would likely result in two to three times more capital flight. The impact would be harmful not just for the banks but for the broader economy. The decline in profits in the banking sector alone from a roughly quarter-trillion-dollar capital flight would be in the range of $5-10 billion—which makes a mockery of the notion that the costs of the regulation are under $100,000.

    by Daniel J. Mitchell

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      Promise · 4 months ago

      Thanks Wayne from EC team.. Cb

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    wayne posted an update:   4 months ago · View

    Last week, President Barack Obama, at a Capital Hilton fundraising event, told the crowd, ”We can’t go back to this brand of you’re-on-your-own economics.” Throughout my professional career as an economist, I’ve never come across the theory of ”you’re-on-your-own economics.” I’m guessing what the president means by — and finds offensive in — ”you’re-on-your-own economics” is that it’s a system in which people are held responsible for their actions, that they take risks and must live with the results, that people can’t force others to pay for their mistakes, and that they can’t live at the expense of other people.

    President Obama’s vision was shared by our Pilgrim Fathers of the Plymouth Colony in modern-day Massachusetts. They established a communist system. They all farmed together, and whatever they produced was put in a common storehouse. A certain amount of food was rationed to each person regardless of his contribution to the work. Many Pilgrims complained that they were too weak from hunger to do their share of the work. As deeply religious as the Pilgrims were, they took to stealing from one another. Gov. William Bradford, writing his history of the colony in ”Of Plymouth Plantation,” said, ”So as it well appeared that famine must still ensue, the next year also if not some way prevented.”

    In 1623, after much debate, a new system was set up, in which every family was assigned a parcel of land, and whatever they produced belonged to the family. Gov. Bradford then observed, ”The women now went willingly into the field, and took their little ones with them to set corn; which before would allege weakness and inability; whom to have compelled would have been thought great tyranny and oppression.” After Gov. Bradford’s establishment of what Obama calls ”you’re-on-your-own economics,” harvests were so bountiful that Bradford is credited with establishing what we now call Thanksgiving.

    There are several seemingly immutable, hard-wired characteristics about humans that socialists, liberals and progressives find difficult to deal with and would like to change. People tend to work harder and produce more when they own what they produce. Property is better cared for when it is privately owned. People love to exchange, what Adam Smith called a ”propensity to truck (and) barter.” To suppress these characteristics requires brute force.

    President Obama also told the Washington Hilton crowd that ”we are not a country that was built on the idea of survival of the fittest.” Obama is not by himself, but ”survival of the fittest” is one of the greatest misunderstandings of Charles Darwin’s pathbreaking work ”On the Origin of Species.” When Obama and most other people use the expression ”survival of the fittest,” they suggest that a bunch of people or animals are competing with one another and the strongest, smartest or cleverest survives. That’s not what Darwin and evolutionary biologists have in mind. Instead, what they have in mind is that those who survive have characteristics that make them better-equipped to survive and hence reproduce themselves in a particular environment. They are not laying waste to their competitors.

    Let’s try a few survival of the fittest questions. Which companies do you think should survive and expand, those that can meet the changing wants of their customers in a least-cost fashion or those that cannot do so? If the means of communication become cheaper through fax machines, the Internet and telephones, should subsidies be expended to help the U.S. Postal Service survive? Years ago, typing was done on a mechanical typewriter; milk was delivered to doorsteps via horse and wagon; slide rules were used to make calculations. Should any of these products and practices have survived, or was it OK for natural selection to consign them to the dustbin of history?

    Try cornering the president or his supporters, and ask them whether they believe government should ensure that the unfit survive and rather than ”you’re-on-your-own economics” there should be ”you’re-on-somebody-else economics.”
    by Walter E. Williams

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    wayne posted an update:   4 months ago · View

    Contrary to what various news outlets are reporting, President Obama is NOT proposing to cut government. The administration is proposing to take four independent federal agencies that specialize in corporate welfare – along with the Office of the U.S. Trade Representative – and combine them with corporate welfare programs at the Department of Commerce to form what would I would argue should be called the Department of Corporate Welfare.

    According to reports, this rearranging of the deck chairs would save $300 million a year. That’s peanuts. Worse, those alleged savings will be of no consequence to taxpayers as there is nothing to suggest that the president intends to cut overall spending for the agencies comprising the new bureaucracy. That portends bigger government, not smaller. The president is trying to sell the American taxpayer a false bill of goods.

    The president’s proposal is also an attempt to counter the perception – an accurate one – that the administration’s policies are detrimental to commerce. But corporate welfare is detrimental to commerce because the market distortions it creates hinder economic output. Making it easier for select businesses to help themselves to taxpayer-financed subsidies would only perpetrate the same sort of crony capitalist schemes that gave us Solyndra and the Chevy Volt.

    Of course, no transparent attempt to appear “business friendly” would be complete without a bone toss to the Small Business Administration. The “bone” this time is the president’s intention to elevate the head of the SBA to the Cabinet. As I discuss in a Cato essay on the SBA, rather than helping small businesses compete against big businesses, the SBA’s loan guarantees mainly help a tiny share of small businesses compete against other small businesses. In reality, the biggest beneficiary of the SBA is the banks, which reap the profits from the loans guaranteed by the agency.

    Finally, Republican policymakers talk a good game about cutting government, but they often hide behind calls for making the federal government “more efficient.” Now that the president has seized a political opportunity to sing from the GOP’s hymnal, it’ll be interesting – if not entertaining – to see how Republican policymakers respond. To avoid embarrassment, I recommend offering specific spending cuts.
    by Tad DeHaven

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    wayne posted an update:   4 months ago · View

    Although I nightly hang upon every word Bill O’Reilly spews forth in his “Talking Points Memo,” I must take issue with Mr. O’s dour, pre-Iowa assessment of the magnificent legislative achievements of Rep. Ron Paul.

    “Here is what you need to know about Ron Paul,” O’Reilly said. “He has spent 23 years in Congress. And only one of his proposed bills has been signed into law; 23 years, one law. And over that time period, Mr. Paul has sponsored 620 pieces of legislation. Again, only one was passed, the sale of the old U.S. customs house to the Galveston Historical Foundation. Not exactly a front page event.”

    And Mr. O’Reilly is critical of this stellar record? Upon learning of it, I began to think of the spry Texan as “Ron Paul, Legislative Hero.”

    What if other members of Congress followed this noble example?

    Rep. Barney Frank, for instance, the outgoing Massachusetts Democrat, has sponsored 397 bills since 1987, and 19—alas—have been enacted into law, according to gov.track.us.

    One of Frank’s 19 “success” stories is the semi-eponymous job-killer known as the Dodd-Frank Act, which created the grandiose Consumer Financial Protection Bureau, a vehicle to further clog the financial system with burdensome regulations.

    Wouldn’t the world arguably be a better place if Mr. Frank had succeeded with, say, 18 fewer pieces of legislation?

    Actually, Barney has done good work defending the fishermen in his district against, of all things, excessive regulation. Like Ron Paul’s aid in getting the customs house for the historical society (and the society paid—it wasn’t a federal giveaway), this is not only harmless but salubrious.

    It’s when Barney is turned loose to write legislation with more wide-ranging application that things go badly wrong.

    To stick with the Commonwealth of Massachusetts, Senator John Kerry has sponsored 547 bills since 1987, of which, according to gov.track, 16 were successfully enacted. I’ll wager a bet that is just about 15 more than the world needed.

    Just be thankful that cap and trade, a byzantine system to regulate carbon emissions, failed or Mr. Kerry would have a score of 17 passed bills. That would probably be at least 16 too many.

    We need a new narrative in Washington as to what constitutes being successful in Congress. Instead of Mr. Smith Goes to Washington (and remember Mr. Smith’s idealistic goal was to authorize a federal loan for a boys’ camp—no! no!) we need a movie in which the young man or woman comes to town to do what we really need now: not pass new laws.

    We are drowning in new laws, and in 2013, we should have in Washington people who not only don’t want to add to our burdens but who perhaps will work to repeal many of the onerous laws already placed on our shoulders. Instead of saying how many laws somebody got enacted, we will cheer how many they repealed!

    The 2010 GOP midterm victories appear to have somewhat slowed down the pace of destructive lawmaking. Gov.track reported in late December 2011 that “numbers confirm what we already pretty much know: Congress this year isn’t getting much done. The number of bills enacted this year is lower than it has ever been in at least 30 years. If you think Congress should be passing fewer laws, then you got your wish this year.”

    Of course, Rep. Ron Paul has put forward bills. A recent Washington Post story recalls that 11 days after he was elected to Congress in 1976, Paul introduced a bill to repeal the law that created the Occupational Health and Safety Administration. He has demanded a full audit of the Federal Reserve Board, and more recently, he has authored a law to permit private groups to issue their own currency. Okay, this last may be strange. But Paul isn’t my only legislative hero.

    Special kudos must also go to Rep. Michele Bachmann, who has, in her five years in Congress, introduced 45 bills, none of which have passed. Brava!

    Bachmann, like Paul, however, has been a worthy foe of the passage of bills that feature excessive new regulations to hamper business and burden the American people. Let us hope this is the wave of the future.

    Paul has some loopy ideas, and I wouldn’t relish a Michael Moore foreign policy if by some bizarre chance he became president. I also worry that his supporters will hand Barack Obama a second term in the name of fiscal purity.

    But, Mr. O, when it comes to legislative achievements, the tiny Texan is a giant in my book.
    by Charlotte Hays

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    wayne commented on the blog post Hello world!   4 months ago · View

    Theres a gatar problem in Florida lets catch them and let them go in the Rio. Some of the problem will be solved at very little cost.

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    wayne posted an update:   4 months ago · View

    Exceptions test the rule. Ron Paul is an exception. We might have to revise some rules.

    One rule in politics is: Don’t obsess about arcana unfamiliar to voters; stick to issues they care about.

    Ron Paul has long flouted that rule.

    That’s one reason why mainstream journalists often dismiss him as a “nut.” He keeps talking about issues outside the scope of what journalists say we should care about. This makes his causes appear — to insiders and reporters and the like — ridiculous.

    Specifically, he keeps talking about monetary theory in general and the Federal Reserve in particular.

    Now, there are several good reasons why journalists don’t talk about monetary theory. Milton Friedman memorably declared (it’s memorable because I remember it) that monetary theory was the most difficult area of economics. And if Friedman saw it as difficult, you can be sure your standard journalism major is going to find it harder than getting a quotation out of J.D. Salinger’s dog Phoney.

    So when Ron Paul moves from sexier issues like war, drugs, and taxes and on to the Federal Reserve and the gold standard, it’s hard not to shake one’s head.

    I speak for myself, here. When I helped Ron Paul in his first campaign for the presidency, way back in the late 1980s, as the Libertarian Party nominee, I often shook my head. Could Dr. Paul skip the Fed talk, just once?

    Hey, I knew something about how to get ahead in politics. And advancing unpopular, obscure ideas at variance with the folks at Harvard and Yale and a long retinue of economic advisors wasn’t the way to win national elections.

    Now, it was not that I disagreed with Dr. Paul. I was familiar with the basic notions. I saw why gold and silver so often served as money from ancient times to the near present. I knew that the Federal Reserve was something close to a conspiracy of insiders working to advance . . . well, I wasn’t at all certain it was “the general welfare.” The founding of the Fed was a typical Progressive Era reform: allegedly a triumph of expertise, it was obviously a concoction by bankers, run for bankers. At first I merely suspected Ron Paul’s even darker view had at least something going for it. Later I came to agree more and more with him.

    But still, why bring it up all the time? It was political death. It seemed like an effort in self-marginalization.

    I was wrong.

    Ron Paul was right.

    Journalists and pundits and political experts were also wrong — big-time wrong.

    Just look at the crowds of Ron Paul’s supporters. They don’t start yawning when his speeches earnestly wander away from the Approved Topics and into monetary theory. They maintain enthusiasm. The good doctor gets cheers, perhaps even more cheers.

    And when Ron Paul triumphantly proclaimed, after his third-place showing in Iowa, that sometime soon the experts would proclaim “we’re all Austrians now,” his hordes of supporters got the reference to a Nixon-era aphorism about Keynesianism and were not in the least confused by a presidential candidate in America referencing, positively, a German-speaking foreign country.

    Instead of backfiring and sounding lunatic, the moment almost reached Kennedy’s “Ich bin ein Berliner” heights.

    How wrong the experts were!

    Just ask the young folks. Ron Paul’s supporters of all shapes and colors and creeds will emphasize the danger posed by the Federal Reserve. And the need to get rid of it. I have heard dozens — scores, maybe even hundreds — of just plain folks begin to discourse on the hazards associated with giving insiders special privileges in the money creation biz. I have heard explanations of Gresham’s Law; the usefulness of “hard money”; the dangers of credit money and the sheer perversity of fiat money; and the advisability of abolishing legal tender laws . . . as well as knowledgeable mentions of the Austrian School. These folks may not always understand that Austrian economics is not a univocal set of policy proposals, but a rich tradition of positive explanatory theory, instead. Still, the mere familiarity with a few of its doctrines is something of a surprise, especially from regular voters.

    Well, maybe “regular voters” is not quite right. These folks are not old hands in either major party. They are often independents.

    But they are special. They have been schooled by Dr. Ron Paul.

    For Ron Paul has been in this for the long haul. He has been pushing monetary reform from the beginning of his political career, with Sisyphean persistence. Yes, the experts — including me — shook their heads, clucking disapproval. But he switched myths on us. He has become Prometheus. He has brought us fire.

    Ron Paul was right to say that money is key. Monetary theory best explains the cycles of boom and bust, why they occur, and why the medicine employed since the beginning of the Great Depression doesn’t work, instead prolonging unemployment.

    And never was a time more ripe for this truth than now. Ron Paul’s persistence is paying off, paying off in the enthusiasm of crowds and the formation of a new voting bloc.

    Monetary reform, as an issue, is key for another reason: It helps demonstrate that Ron Paul is no standard-brand politician, looking only for the right grab-bag of issues that will “sell” to voters. It proves his honesty. It proves his prescience. It proves that the rules of politics-as-usual only apply when situations are usual.

    In times of crisis, the old rule of play-it-safe/stick-to-the-ordinary doesn’t cut it. In times of crisis, a true educator can do what he set out to do, educate.

    And, once we learn something, major change can come.

    I don’t know how far this new force in politics will go to implement the ideas that have arisen through the agency of Ron Paul. But I can tell you this: it’s great to see the pundits proved wrong.

    And I’ve never been so happy being proven wrong myself.

    Paul Jacob
    Paul Jacob is President of Citizens in Charge Foundation and Citizens in Charge. His daily Common Sense commentary appears on the Web and via e-mail.

    • Avatar Image
      News · 4 months ago

      Thank You Wayne good stuff. Tell a friend..

  • Avatar

    wayne and Paul Hosman are now friends   4 months ago · View

  • Avatar

    wayne posted a new activity comment:   4 months ago · View

    Doesnt mean he has to agree with him.

    In reply to - wayne posted an update: Ron Paul’s predictions in 2002 – 10 years ago – are a real eye-opener for anyone. http://www.youtube.com/watch?feature=player_embedded&v=meFjza6BpEA · View
  • Avatar

    Ron posted an update:   4 months ago · View

    @goldhunter I have no idea how we could do that…. We need a forum where ideas can be shared… Families have the dinner table. States have there congress and nationally we have a congress.

    What has happened over time is the UN has become something more than a forum where nations can come together… Our congress has fallen into the same trap….We can’t get rid our congress because we need a national forum. We are part of the world and it’s major player at the moment so this ball can’t be dropped. As the countries become even more linked the UN roll as a forum will become is more important.

    It is the nonsense of how their roll is expanding that is the problem just like in Washington. My two cents worth….Ron

    • Avatar Image
      Paul Hosman · 4 months ago

      When the UN has international committees, such as the Human Rights Committee, that are headed by country’s such a Uganda and Somalia, what’s the point. This is a gaint social club for every members elites. For the most part the rules and resolutions they pass, or try to pass, are very anti western (American). Their sanctions don’t work, their fines for breaking international laws and violations of resolutions are ignored and most of the debates put forward would make great shows on Saturday Night Live! If you believe in a One World Government then maybe the UN could ultimately get there but why do we want our citizens to live under the rule of laws created by foriegn governments. We have enough problems with the ”one size fits all” laws and regulations that our federal government mandates on American citizens now, internation mandates would be 100 times worse.

      • Avatar Image
        Promise · 4 months ago

        Paul who’s running America.??

        • Avatar Image
          Paul Hosman · 4 months ago

          Well, certainly not us!

          • Avatar Image
            Windy · 4 months ago

            Not like you Paul short for words.?? ”We the People By The People” ”One Nation under GOD” ” The Promise”

            • Avatar Image
              Paul Hosman · 4 months ago

              AHHHH, I knew someone would one up me on that one. LOL

  • Avatar

    wayne posted an update:   4 months ago · View

    Who would like to see the US pulled out of the UN?

    • Avatar Image
      Paul Hosman · 4 months ago

      Absolutely, 100%, do it today, do it yesterday, sell the building, rent it out, give it to Obama for his Library, burn it down, opt out, quit, send it over seas with the rest of our jobs!

  • Avatar

    wayne posted a new activity comment:   4 months ago · View

    worked for me try opening in a new window.

    In reply to - wayne commented on the blog post DABROGOTTAGO Check this out very interesting. Ron Paul’s predictions in 2002 – 10 years ago – are a real eye-opener for anyone. http://www.youtube.com/watch?feature=player_embedded&v=meFjza6BpEA · View
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