RSSIN JUST ONE YEAR
Carolyn Hileman - The Voice* | June 8, 2008
This comes in three parts: (The first is very important)
Part 1
In just one year. Remember the election in 2006? Thought you might like to
read the following:
A little over one year ago:
1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.30 a gallon;
3) The unemployment rate was 4.5%.
Since voting in a Democratic Congress in 2006 we have seen:
1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate
(stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.
Remember it’s Congress that makes law not the President.
He has to work with what’s handed to him.
America voted for change in 2006, and we got it!
Part 2:
Taxes… Whether you are Democrat or a Republican you will find these statistics
enlightening and amazing.
www.taxfoundation.org/publications/show/151.html
Taxes under Clinton 1999 Taxes under Bush 2008
Single making 30K - tax $8,400 Single making 30K - tax $4,500
Single making 50K - tax $14,000 Single making 50K - tax $12,500
Single making 75K - tax $23,250 Single making 75K - tax $18,750
Married making 60K - tax $16,800 &n bsp; Married making 60K- tax $9,000
Married making 75K - tax $21,000 Married making 75K - tax $18,750
Married making 125K - tax $38,750 Married making 125K - tax $31,250
Both democratic candidates will return to the higher tax rates.
It is amazing how many people that fall into the categories above think Bush is
screwing them and Bill Clinton was the greatest President ever. If Obama or
Hillary are elected, they both say they will repeal the Bush tax cuts and a
good portion of the people that fall into the categories above can’t wait
for it to happen. This is like the movie The Sting with Paul Newman; you
scam somebody out of some money and they don’t even know what happened
PART 3:
You think the war in Iraq is costing us too much? Read this:
Boy, am I confused. I have been hammered with the propaganda that it is the
Iraq war and the war on terror that is bankrupting us.
I now find that to be RIDICULOUS.
I hope the following 14 reasons are forwarded over and over again until they
are read so many times that the reader gets sick of reading them. I have
included the URL’s for verification of all the following facts.
1. $11 Billion to $22 billion is spent on welfare to illegal aliens each
year by state governments. Verify at: http://tinyurl.com/zob77
2. $2.2 Billion dollars a year is spent on food assistance programs such as
food stamps, WIC, and free school lunches for illegal aliens.
Verify at: http://www.cis..org/articles/2004/fiscalexec.html
3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.
Verify at: http://www.cis..org/articles/2004 /fiscalexec.html
4. $12 Billion dollars a year is spent on primary and secondary school
education for children here illegally and they cannot speak a word of English!
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.0.html
5. $17 Billion dollars a year is spent for education for the American-born
children of illegal aliens, known as anchor babies.
Verify at http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
7. 30% percent of all Federal Prison inmates are illegal aliens.
Verify at: http://transcripts.cnn.com/TR ANSCRIPTS/0604/01/ldt.01.html
8. $90 Billion Dollars a year is spent on illegal aliens for Welfare &
social services by the American taxpayers.
Verify at: http://premium.cnn.com/TRANSCIPTS/0610/29/ldt.01.html
9. $200 Billion Dollars a year in suppressed American wages are caused by
the illegal aliens.
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0604/01/ldt.01.html
10. The illegal aliens in the United States have a crime rate that’s two and
a half t imes that of white non-illegal aliens. In particular, their
children, are going to make a huge additional crime problem in the US
Verify at: http://transcripts.cnn.com/TRANSCRIPTS/0606/ 12/ldt.01.html
11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that
crossed our Southern Border also, as many as 19,500 illegal aliens from
Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the U. S. from the Southern border.
Verify at: Homeland Security Report: http://tinyurl.com/t9sht
12. The National Policy Institute, ‘estimated that the total cost of mass
deportation would be between $206 and $230 billion or an average cost of
between $41 and $46 billion annually over a five year period.’
Verify at: http://www.nationalpolicyinstitute.org/pdf/deportation.pdf
13. In 2006 illegal aliens sent home $45 BILLION in remittances back to
their countries of origin.
Verify at: http://www.rense.com/general75/niht.htm
14. ‘The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes
Committed by Illegal Immigrants In The United States.’
Verify at: http://www.drdsk.com/articleshtml
The total cost is a whopping $ 338.3 BILLION DOLLARS A YEAR.
Are we THAT stupid? If this doesn’t bother you then just delete the
message. If, on the other hand, it does raise the hair on the back of your
neck, I hope you forward it to every legal resident in the country including
every representative in Washington, D.C. -five times a week for as long as it takes to restore some semblance of intelligence in our policies and enforcement thereof.
Contributor's website: http://thevoice.name
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25 Responses to “IN JUST ONE YEAR”
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So let me if I understand you correctly. Are you saying that the Congress elected in 2006 is responsible for the housing bubble, the decline in the dollar and inflated commodity prices? Seems to be you have a cause and effect problem there
Yes, liberals are never at fault - they always have someone else to blame. A ready made scapegoat.
Your assumption that commodity prices are “inflated” make the assumption that they were at a reasonable level before. They weren’t. They were low. The 2006 Congress has done absolutely nothing to alleviate the supply problems which everyone with a brain saw coming because of an emerging Asia.
The decline in the dollar is also traceable to the election of a much more liberal Congress who the world is uncertain will act if need be and sees the coming trouble with their economic theories - hence the dollar weakens because the stability of the United States weakens.
The housing bubble? Well, that certain is traceable back waaaaay to the Carter administration that started many of the programs that lead to it and that Clinton beefed them up after the Republican Congress decided to abandon conservative principles that got them elected.
Interesting that you assume that because I post a challenge that I must be liberal and looking to blame someone else. My position is that the dems in Congress should be balmed for things they really caused and not everything under the sun.
The housing bubble is tracable to Carter? Look I voted against him and think he is one of the worst presidents, if not the worst president, in American history but trying to blame him for the housing bubble is problematic to say the least. First of all how could a policy adopted in the late 1970s cause irrational behavior on the part of banks and consumers more than 25 years later?
Second, if the problem started in the Carter Presidency than every president and congress since then is also to blame because they failed to correct it. Third, you ignore the role of interest rates which are not set by either the president or congress. Blaming Carter for every ill in the past 28 years is simplistic. Conservatives will need to do better than that if we are to win elections in the future.
The dollar’s fall was predictable even beofre the 2006 election. If a country has a current account deficit, then sooner or later it must be balanced by either capital inflows or a decline in the value of its currency. True, the US can get away with current account deficits for a long time because our fiat money is used to pay our foreign debts, but sooner or later market forces will force the currency down. Of course low interest rates set by the Fed are also a factor in the dollar’s decline. The dollar will gain once the Fed raises interest rates.
Commodity prices are experiencing inflation, mostly due to factors that are beyond the control of Republican or Democratic Congresses. Sorry, but you cannot blame any US party for global market forces.
Now if you want to blame every elected congress since Nixon for failing to develop a coherent and sensible long term energy policy, then we are in agreement.
burtward, she never said you were a liberal.
Go back and comprehend the conversation:
You said, “Are you saying that the Congress elected in 2006 is responsible for the housing bubble, the decline in the dollar and inflated commodity prices?”
She said, “Yes, liberals are never at fault - they always have someone else to blame. A ready made scapegoat.”
Nowhere in that conversation did you come into the realm of being called a liberal.
As for most of your other assertions they are equally absurd such as, “Blaming Carter for every ill in the past 28 years is simplistic,” which no one did or they are points others have made here in the past such as, “The dollar’s fall was predictable even beofre the 2006 election. If a country has a current account deficit, then sooner or later it must be balanced by either capital inflows or a decline in the value of its currency.”
Now if you would like to apologize I would appreciate it. However her points are valid and you cannot write them off as coincidence.
Thanks PinguMama. Nothing frosts my ass more than someone taking what I said out of context and then picking a fight because they couldn’t read simple English.
I was intrigued by your assertion burtward that there should not be leveled at the current Congress some substantial blame for certain things that have happened since 2006.
One thing I can comment on is your claim that commodity prices are independent of whether there are Republicans or Democrats in control of Congress. The day, in fact 5 minutes after the polls showed the Democrats had gained control of the House and de facto control of the Senate, I got a message from my biggest client on my BlackBerry saying only:
“Dems control Congress. Oil supplies will suffer. Buy all you can. Price no object. Send daily updates on what was paid.”
Oh, yeah, I am in the commodities market and deal in oil. Just in case I didn’t mention that. So to say that things are beyond their control is ludicrous. Otherwise why would I get such a text?
I’ve been paying whatever the price every day since and so have a lot of other people apparently.
Obviously people that were paying attention knew that this Congress would be worse than the previous one so yes, who is in control does matter.
Let me see, the initial response to my post began with a comment about liberals which was not a response what I asked. You are correct that it is not a direct comment but it is indirect.
And I am sorry to offend you all but I think my key points do indeed stand, blaming Carter for the housing bubble is indeed simplistic and ignores cause and effect. I have no problem trashing Carter for mistakes he made and continues to make, but conservatives need to make their attacks credible. Leave the rhetorical strecths to daily kos
Adam Cool, I did not say the 2006 Congress was blameless, I said blame it for what it does do. Since you trade in commodities then you must understand what a nation’s current account is and therefore understand the point I was making about the pressure on the dollar. Again cause and effect. And just so you know, I make my money by doing analysis of global economic trends
burtward on June 9th, 2008 8:24 am:
“Commodity prices are experiencing inflation, mostly due to factors that are beyond the control of Republican or Democratic Congresses.”
That is what you claimed. Not:
“Since you trade in commodities then you must understand what a nation’s current account is and therefore understand the point I was making about the pressure on the dollar.”
I didn’t comment on the dollar. I commented specifically on commodities. At least if you are going to address something I said, then be accurate.
Sorry to have disproved your theory about factors beyond the control of Ds or Rs. Just the Ds being in power is what caused a current run up in prices on oil because everyone knows nothing will be done to elevate the situation.
burtward on June 9th, 2008 7:06 pm:
“You are correct that it is not a direct comment but it is indirect.”
Don’t play the victim. You will win no points. All you have to do is say, “I was wrong to think that you were directing those comments at me. Sorry.” You can’t even do that after being told bluntly that they weren’t.
All you could respond with was, “And I am sorry to offend you all”? How about, “I’m sorry I misunderstood”? That would be far more appropriate and on topic.
I’ll give you another chance.
You will note I said you made some valid points - which others here themselves had made.
Adam Cool on June 9th, 2008 7:50 pm
“Just the Ds being in power is what caused a current run up in prices on oil because everyone knows nothing will be done to elevate the situation.”
Exactly. Which makes oil futures a very safe investment because we know that track record of those currently controlling Congress. You’d have been a fool not to be invested in oil since 2006. More investors - artificially limited resource - more demand per unit - higher prices per unit. All you are hoping for is that your profits outweigh the price increased caused by the run up.
You are a smart man Adam.
burtward, as to this comment:
“Blaming Carter for every ill in the past 28 years is simplistic. Conservatives will need to do better than that if we are to win elections in the future”
Who blamed Carter for every ill of the past 28 years? No one here that I can see. Peacock only mentioned that the housing bubble had its origin in programs Carter was key in solidifying. Which is accurate. Social creep begins with the camel’s nose under the tent. To talk about where things start is accurate.
She even blamed Republicans in Congress for exacerbating the issue! How you get from that to blaming Carter for everything defies logic!
That’s a huge strawman you set up there in order to knock it down. I think to use your own words you “will need to do better than that” if you are to be successful here.
I’ve never seen anyone take so much offense to simple facts.
Mr. Cool
Since you state that you are someone you who trades in commoditities than you should be aware that the dollar is connected with oil prices as oil is priced in dollars. So yes discussing dollars is related to commodities.
As for the last sentence of your post. sorry but Chinese and Indian economic growth does indeed have something to do with the price of oil. Ms Peacock is perfectly correct on that point. Oil depletion, political unrest in Nigeria, bad govt polices in Mexico etc, all have an impact on the price of oil. Now, if you want to blame the PRI party in the Mexican congress or Putin then I would agree with you
And of course, exploration and drilling costs have skyrocketed since 2000 about 400% I think, but I would have to double check. I fail to see how that is the fault of either the 2006 congress or the 2002 or 2004 congresses.
LibertarianPrince (Moderator) on June 9th, 2008 8:10 pm:
“She even blamed Republicans in Congress for exacerbating the issue! How you get from that to blaming Carter for everything defies logic!”
THANK YOU for pointing that out even more clearly to someone who obviously cannot read! How many mischaracterizations of what I said can burtward make?
I clearly blamed Carter, Clinton and the Republican Congress for the housing bubble. Sorry if I didn’t name every petty bureaucrat and politician by name to make it even more obvious!
burtward on June 9th, 2008 8:16 pm:
“Mr. Cool
Since you state that you are someone you who trades in commoditities than you should be aware that the dollar is connected with oil prices as oil is priced in dollars. So yes discussing dollars is related to commodities.”
Let me say it again for you but slower this time.
It…
was…
five…
minutes…
after…
the…
Democrats…
took…
control…
of…
Congress…
that…
I…
was…
told…
to…
pay…
whatever…
price…
it…
took…
to…
secure…
oil…
Got it? I never once said that rising demand from other countries was not a factor. But those current factors existed BEFORE the 2006 election.
What was it that Libertarian Prince called such assertions by you? Straw men?
Adam Cool on June 9th, 2008 8:30 pm:
“Let me say it again for you but slower this time.”
ROFL! I don’t think it will help! burtward is full of straw men to argue.
I particularly enjoy how he seems to expect a twenty some page dissertation about oil prices and all the factors that go into them if you could even do such in such a short frame.
This is called the “comments” section for a reason burtward. We don’t write tomes here discussing every nuance just so you can be appeased to understand what we understand.
You just don’t seem to want to accept that yes, when a party who is anti drilling for oil (more so than the other major party) gets into office and holds onto the purse that people with more than a couple cells in their brain take notice and react to a known shortage that was coming down the tracks like a run away train.
Seems to me that burt is just trying to save face after mistaking what someone said. That’s just my opinion.
Hey, Jeff hasn’t come here yet and mentioned how he blames President Bush for kowtowing to the Saudis as part of the reason oil prices are so high because they know they have us over an (oil) barrel. So that must mean people are blaming Carter for everything bad over the last 28 years right?
So sorry that we don’t rewrite every previous post for you consumption burt.
Ok, why am I not showing up with my moderator tag and full name? And same for PM?
Ron on June 9th, 2008 8:42 pm
“Ok, why am I not showing up with my moderator tag and full name? And same for PM?”
glitch. I’m working on it.
burt, dude, I admire your passion but you’re arguing against people who in particular agree with you on most points and nitpicking on points that they either they don’t or have experiences that contradict what you are saying. And all you’ve done is piss them off to the point where they are making fun of you for it.
I mean, look at Adam’s last post! And it is funny because it’s true.
FYI - glitch is fixed. Never send a moderator to do an admin’s job!
Instead of butting heads, work with people.
“FYI - glitch is fixed. Never send a moderator to do an admin’s job!”
Hurray! … oh … hey … wait a minute!
J.J. Jackson (Admin) on June 9th, 2008 8:50 pm
“burt, dude, I admire your passion but you’re arguing against people who in particular agree with you on most points and nitpicking on points that they either they don’t or have experiences that contradict what you are saying. And all you’ve done is piss them off to the point where they are making fun of you for it.”
I absolutely agree. Adam and I were just PMing each other and he can’t believe they way you (burtward)discount his information and started talking to him like he was an idiot. The man’s an incredibly successful commodities trader I think he knows what he is doing.
Lots of these liberals in Congress have been there for a while so yes, many of them are indeed part of the problem. In 2006 they got enough of their buddies in power to really scare a lot of people both here in America and overseas into taking a long hard look at the future stability of the dollar (which is a major factor in what it is worth) and other issues around the world like the oil supply situation.
So much is going on but a lot of it has come to a head. People wonder will a stable, strong, financially sound America continue to exist tomorrow. That has a lot to do with things like the value of the dollar and so on.
I think Democrats have brought a lot of this criticism on themselves. Remember they promised that if elected they had a plan to lower oil prices.
Just the opposite has happened.
They had no plan. Just rhetoric.
Seems to me, looking at the history of oil prices we had just started easing back out of the run up that followed 9/11 and terror fears. Things were stabilizing and oil prices were actually falling in 2006 and dropped from $75 to $50 a barrel in Jan of 2007. Then when Congress started really talking about things like withdawing from the War on Terror and going after oil companies for “price gouging” and people realized they might have the numbers to pull it off, oil has never looked back since.
Your analysis is fairly good TriggerMama. Indeed we were beginning to see a stabilizing of wold oil markets in 2006 as people were becoming less jittery about supplies despite increased demand in Asia.
Then a singular even occurred. That event was a lot of people who do not have a clue about oil and promoting Al Gore’s lies about climate change got elected to office and or gained power in Washington. It spooked a lot of people all over the world.
Denying blame for why we have oil prices will not help conservatives. Exposing the truth about how for decades liberals have stonewalled every serious attempt at energy independence or at least increasing domestic production will.
Drilling in ANWR? Nope. Liberals canned it.
New refineries? Nope. Obscene liberal environmental regulation prevent it.
Putting oil rigs or wind farms off the coast? Nope. Liberals are worried about them being in their yachting lanes.
Every single time we get people willing to take a step to help the problem the liberals kill it and demonize the oil companies. If they can’t do that then they attach so many poison pills to the legislation that no one can vote for it and we are back to square one.
Stop making excuses. Grab the left by the balls and twist. Make them feel the pain the rest of us in America have had to endure because of their failures. Their chickennnnnnnnnns must come hommmmmme to rooooost.
Personally I divested myself of 100s of thousands of dollars in domestic investments in the weeks following the Democrats taking power. I’ve been invested in much more lucrative overseas markets since.