National Freedom Alliance | Economy

Obama's New Mortgage Scheme

by . 12. September 2011 13:12

 
Socialist President Obama is so desperate to win re-election that he will try just about anything to reward his PEEP's.   In Obama's latest Socialist Scheme, Obama wants Fannie Mae and Freddie Mac, the holders of millions of US mortgages, to unilaterally offer lower mortgage payments to people who have bad credit and/or who are upside down on their mortgages.   In addition, Obama is pressuring Fannie and Freddie to loosen credit requirements to refinance mortgage loans.   Of course, Obama is hoping that this will stem the tide of foreclosures while at the same time acting as stimulus money as people paying less to live in their homes will have more to spend on flat screen TV's made in Asia.  Wait a minute.  Isn't this what caused the financial crisis in the first place. 

The fact that this scheme would reward people with poor credit doesn't seem to matter to Obama.   Why should it.   This is the same President who stole General Motors from its legitimate owners and gave it to his union PEEP's for nothing.  Once again any time government intervenes in the marketplace, markets are forever distorted usually with unintended consequences.  The housing market is a mess; but it is giving young people with good jobs and credit an opportunity to buy homes that would not otherwise have been possible when real estate markets were inflated.   In addition, investors willing to risk their capital are swooping in to buy homes at bargain prices recognizing that this is a ten year play.   Lower prices mean lower rents for tenants, which in and of itself is like a tax cut.  As painful as it may be, the housing market needs to achieve equilibrium the old fashioned way.   When there are more qualified buyers than there is supply, prices will once again start to rise.   Until then, the government should mind its own business. 

We also face an imbalance as 75 million baby boomers began retiring last January at 10,000 a month.  Over time, many of these newly retired people will begin to downsize to smaller homes, or even rental apartments.   As that happens more family size homes will come on the market, which will add to pricing pressures; but that might be OK as young families will better be able to afford bigger homes at lower prices.  The real estate market, like all markets, is all about supply and demand.   Builders will not build more new homes as long as the number of older homes on the market remains high.   In the end, though it will take perhaps five years or more, balance will be achieved.  Government intervention will only delay the day of reckoning, no doubt Obama's intent until after election day in November, 2012. 

We don't need any more Socialist Schemes, or government intervention, that are prolonging a bad economy, the same way it did during the Great Depression.   We need to allow free market capitalism to work as it always does to address imbalances in our economy.   Yes it will be painful, but the sooner the government gets out of the way, the sooner we will see economic growth and job creation again in America.   The best way to deal with the housing mess in the US is through job creation.   We will not see job creation again unless corporate taxes and regulations are reduced, companies are able to repatriate profits without double taxation, environmental wackos at the EPA and Socialists at the NLRB stop killing jobs,  frivolous lawsuits are limited, crazy employment laws and ObamaCare are repealed and we finally have a President that is pro-business.  Most important, we need a 50 year energy plan designed to reduce the cost of energy and make the US energy independent once and for all.  Obviously, none of these things will happen as long as President Obama and his Socialist pals in government remain in office. 

So clearly we have to sweep these Socialists out of office in 2012 and 2014 to restore economic growth and job creation once again our country.   President Obama's SwindleUS Plan IV, the American Jobs Act, will do little to create jobs.   It is just more of the same that has failed three times before.  In order to create jobs and restore economic growth, we need more free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits to help end the corruption in Washington and real education, energy, health care and entitlement reform.  

Socialists are focused on their PEEP's, those that pay no income taxes at all, those on the dole, illegal aliens, public and other union employees and companies that benefit from crony capitalism that contribute to Socialist campaigns.   Socialists are trapped in the class warfare argument they have been making for the last 100 years, which is the reason they can never represent the interests of all Americans.   As a result, we must make Obama a one term President and sweep his Socialist pals out of office, as well.  The fate of our nation depends on it. 
 

Sarah Palin Responds to Jimmy Hoffa's Inciting Rhetoric

by Editors 7. September 2011 12:16

Sarah Palin was quick to respond to the thuggary on display in Detriot when the UAW Union President, Jimmy Hoffa Jr. introduced President Obama by demonizing the Tea Party and conservatives, indicating the Union was at war with them, needed Obama to continue to enusre their jobs, and that the Union needed to "take out the sons of bitches" who were against Obama. Sarah is the first major politician to directly take Hoffa to task for his remakrs.

Here is Sarah Palin's response on September 7, 2011, addressing herself to the Union members themselves:

"In my speech on Saturday in Iowa, I said: “Between bailouts for Wall Street cronies and stimulus projects for union bosses’ security and ‘green energy’ giveaways, [Barack Obama] took care of his friends. And now they’re on course to raise a billion dollars for his re-election bid so that they can do it all over again.” This was shamefully on display yesterday at President Obama’s taxpayer-funded campaign rally in Detroit. In introducing the President, Teamsters President James Hoffa represented precisely what I was talking about as he declared war on concerned independent Americans and on the freshman members we sent to Congress last November by saying, “Let’s take these son-of-a-bitches out!

"What I say now, I say as a proud former union member and the wife, daughter, and sister of union members. So, as a former card-carrying IBEW sister married to a proud former Laborers, IBEW, and later USW member, please hear me out. What I have to say is for the hard working, patriotic, selfless union brothers and sisters in Michigan and throughout our country: Please don’t be taken in by union bosses’ thuggery like Jim Hoffa represented yesterday. Union bosses like this do not have your best interests at heart. What they care about is their own power and re-electing their friend Barack Obama so he will take care of them to the detriment of everyone else.

"To see where this leads, look at what’s happening to the working class in our industrialized cities. These cities are going to hell in a hand basket thanks to corruption, crony capitalism, and the union bosses’ greed. The union bosses derive their power from your union dues and their promise to deliver your votes to whichever politician they’re in bed with. They get their power from you, and yet their actions ultimately hurt you. They’re chasing American industry offshore by making outrageous, economically illogical demands that they know will never work. And now that they’ve chased jobs out of union states, they’re trying to chase them out of right-to-work states like South Carolina, so eventually the jobs will leave America altogether. But these union bosses will still figure out a way to keep their gig, and so will their politically aligned corporate friends. As long as these big corporations have a good crony capitalist in the White House, they can rely on DC to bail them out until the whole system goes bankrupt, which, I am afraid, is not very far off. When big government, big business, and big union bosses collude together, they get government to maximize their own interests against those of the rest of the country.

"This collusion is at the heart of Obama’s economic vision for America. In practice it is socialism for the very rich and the very poor, but a brutal form of capitalism for the rest of us. It is socialism for the very poor who are reduced to a degrading perpetual dependence on a near-bankrupt centralized government to provide their every need, while at the same time robbing them of that which brings fulfillment and success – the life-affirming pride that comes from taking responsibility for your own destiny and building a better life through self-initiative and work ethic. And Obama’s vision is socialism via crony capitalism for the very rich who continue to get bailouts, debt-ridden “stimulus” funds, and special favors that allow them to waive off or help draft the burdensome regulations that act as a boot on the neck to small business owners who don’t have the same friends in high places. And where does this collusion leave working class Americans and the small business owners who create 70% of the jobs in this country? Out in the cold. It’s you and your children who are left paying for the cronyism of Obama and our permanent political class in DC.

"In the meantime, good union brothers and sisters, don’t let Hoffa tell you what to do. He doesn’t represent the real interests of working men and women. He’s not doing you any favors. He’s just living off your paychecks."

Interesting that the President, who followed Hoffa's comments with his own speech, said nothing to condemn of distance himself from this angry, inciting rhetoric. All of the talk about America needing to be more civil with one another, as usual with almost anything Obama proposes, seems to be a one way street. Demanded of the opposition, but not applicable to his own supporters.

 

Welcome, Union Brothers and Sisters

by . 6. September 2011 08:07

In my speech on Saturday in Iowa, I said: “Between bailouts for Wall Street cronies and stimulus projects for union bosses’ security and ‘green energy’ giveaways, [Barack Obama] took care of his friends. And now they’re on course to raise a billion dollars for his re-election bid so that they can do it all over again.” This was shamefully on display yesterday at President Obama’s taxpayer-funded campaign rally in Detroit. In introducing the President, Teamsters President James Hoffa represented precisely what I was talking about as he declared war on concerned independent Americans and on the freshman members we sent to Congress last November by saying, “Let’s take these son-of-a-bitches out!”

What I say now, I say as a proud former union member and the wife, daughter, and sister of union members. So, as a former card-carrying IBEW sister married to a proud former Laborers, IBEW, and later USW member, please hear me out. What I have to say is for the hard working, patriotic, selfless union brothers and sisters in Michigan and throughout our country: Please don’t be taken in by union bosses’ thuggery like Jim Hoffa represented yesterday. Union bosses like this do not have your best interests at heart. What they care about is their own power and re-electing their friend Barack Obama so he will take care of them to the detriment of everyone else.

To the same degree Americans are concerned about irresponsible, greedy corporate execs who got cushy bonuses from taxpayer-funded bailouts, we should also be concerned about greedy union bosses who are willing to tank our economy just to protect their own power. As union history shows, power and greed corrupt. Just because you claim to represent union members doesn’t mean you are on the side of the angels. The greed of too many of these union bosses has all but destroyed the labor movement in this country, helped chase away our jobs, and is killing the American dream.

To see where this leads, look at what’s happening to the working class in our industrialized cities. These cities are going to hell in a hand basket thanks to corruption, crony capitalism, and the union bosses’ greed. The union bosses derive their power from your union dues and their promise to deliver your votes to whichever politician they’re in bed with. They get their power from you, and yet their actions ultimately hurt you. They’re chasing American industry offshore by making outrageous, economically illogical demands that they know will never work. And now that they’ve chased jobs out of union states, they’re trying to chase them out of right-to-work states like South Carolina, so eventually the jobs will leave America altogether. But these union bosses will still figure out a way to keep their gig, and so will their politically aligned corporate friends. As long as these big corporations have a good crony capitalist in the White House, they can rely on DC to bail them out until the whole system goes bankrupt, which, I am afraid, is not very far off. When big government, big business, and big union bosses collude together, they get government to maximize their own interests against those of the rest of the country.

So, now these union bosses are desperately trying to cast the grassroots Tea Party Movement as being “against the workingman.” How outrageously wrong this unapologetic Jim Hoffa is, for the people’s movement is the real movement for working class men and women. It’s rooted in real solidarity, and not special interests and corporate kickbacks. It represents the needed reform that will empower workers and job creators. We stand with the little guy against the corruption and influence peddling of those who collude to grease the wheels of government power.

This collusion is at the heart of Obama’s economic vision for America. In practice it is socialism for the very rich and the very poor, but a brutal form of capitalism for the rest of us. It is socialism for the very poor who are reduced to a degrading perpetual dependence on a near-bankrupt centralized government to provide their every need, while at the same time robbing them of that which brings fulfillment and success – the life-affirming pride that comes from taking responsibility for your own destiny and building a better life through self-initiative and work ethic. And Obama’s vision is socialism via crony capitalism for the very rich who continue to get bailouts, debt-ridden “stimulus” funds, and special favors that allow them to waive off or help draft the burdensome regulations that act as a boot on the neck to small business owners who don’t have the same friends in high places. And where does this collusion leave working class Americans and the small business owners who create 70% of the jobs in this country? Out in the cold. It’s you and your children who are left paying for the cronyism of Obama and our permanent political class in DC.

Ask yourself if the folks you heard demonize concerned, independent Americans yesterday really speak for the working class when they’re all too happy to burden your families with the bill to bail out the President’s friends on Wall Street.

We should not forget that for all his lofty rhetoric, President Obama is a Chicago politician. Graft, cronyism, and quid pro quo are the well-known methods of an infamous Chicago political machine, of which Barack Obama emerged. This corruption isn’t just the result of a few bad apples. It’s the nature of a skewed system that’s typical of one not allowing a level playing field. If one desires opportunity for all, then the only solution is sudden and relentless reform. I know of what I speak. I too served in public office in a state that had a corruption problem. The difference is that I fought the corrupt political machine. Barack Obama used the machine in his state to advance. He never challenged it. And he’s evidently brought the same Chicago “pay-to-play” practices to the White House.

It’s sad to see much of the labor movement fall lock step behind a President whom Hoffa calls upon to partner in “waging war” against patriotic Americans. I will never forget that as a governor, in trying to be a friend to the working men and women in our unions, I gave a speech on August 27, 2008, at the annual AFL-CIO meeting in Anchorage. There, union members humbled me with a standing ovation for fighting the corruption in Alaska and for bringing parties together for progress on energy development projects. Then just two days later I landed on the national stage as John McCain’s running mate, and the union leadership turned on me from that day forward even though I had not changed one iota in my plans, principles, vision, and commitment to jobs for working class Americans. The only difference was I was challenging the politician the union bosses were committed to electing. It was almost comical, this lesson learned with their new spots revealed so quickly.

Recently someone commented: “I’m a union member. I’ve been a Democrat all my life. Now I’ll vote for anyone with a plan to save America.” I know what that person is feeling. I want all good union brothers and sisters to know that there is an alternative. The grassroots, independent Tea Party Movement articulates a real alternative rooted in free men and free markets, not the cronyism of Barack Obama and the permanent political class in DC. Their cronyism is why we have no job growth, massive unsustainable debt, and a housing market in the tank. Too many politicians are simply addressing the economic symptoms instead of fighting the underlying disease. The path forward is through reform. On Saturday, I outlined some ideas about that reform, and I will continue to do so.

In the meantime, good union brothers and sisters, don’t let Hoffa tell you what to do. He doesn’t represent the real interests of working men and women. He’s not doing you any favors. He’s just living off your paychecks.

- Sarah Palin

Governor Palin's Speech at the "Restoring America" Tea Party Rally

by . 3. September 2011 14:58

SarahPac.com

The following is the video and text of Governor Palin's speech at the "Restoring America" Tea Party of America Rally in Indianola, Iowa, on September 3, 2011.

 

Thank you, Iowa. Thank you so much. The sign that says, “Thank you, Sarah,” no, I thank you. You are what keeps me going, keeps so many of us going. Your love of country keeps us going. Thank you so much. Iowa, you are good people. You are all good people who are here. Thank you.

It is an honor to be in the Heartland sharing this Labor Day weekend with you. And I thank you so much for the invitation, to these organizers who put so much work into all this. It’s so good to see the O4P and C4P people here today. Last night was fun – getting to run into some of you at that restaurant and to see so many different demographics represented and so many different states all across our great nation. We got to gather together last night – different demographics, different political parties even represented – and Todd reminded me as we walked out of that room, he said, “See, we’re not celebrating ‘red America’ or ‘blue America.’ We’re celebrating red, white, and blue America.”

So, what brought us here today out in this field? Why aren’t we catching a Cyclones game, or watching the Hawkeyes perhaps, or grilling up some venison and corn-on-the-cob, maybe some caribou with some friends on this Labor Day weekend? What brought us together is a love of country. And we see that America is hurting. We’re not willing to just sit back and watch her demise through some “fundamental transformation” of the greatest country on earth. We’re here to stop that transformation and to begin the restoration of the country that we love.

We’re here because America is at a tipping point. America faces a crisis. And it’s not a crisis like perhaps a Midwest summer storm – the kind that moves in and hits hard, but then it moves on. No, this kind will relentlessly rage until we do restore all that is free and good and right about America. It’s not just fear of a double dip recession. And it’s not even the shame of a credit downgrade for the first time in U.S. history. It’s deeper than that. This is a systemic crisis due to failed policies and incompetent leadership. And we’re going to speak truth today. It may be hard-hitting, but we’re going to speak truth today because we need to start talking about what hasn’t worked, and we’re going to start talking about what will work for America. We will talk truth.

Now, some of us saw this day coming. It was three years ago on this very day that I spoke at the GOP Convention where I was honored to be able to accept the nomination for vice president that night. And in my speech I asked America: “When the cloud of rhetoric has passed, when the roar of the crowd fades away….what exactly is [Barack Obama’s] plan? What does he actually seek to accomplish after he's done turning back the waters and healing the planet? The answer is to make government bigger, and take more of your money, and give you more orders from Washington, and to reduce the strength of America in a dangerous world.” I spoke of this, but back then it was only my words that you had to go by. Now you have seen the proof yourself. Candidate Obama didn’t have a record while he was in office, but President Obama sure does, and that’s why we’re here today.

Candidate Obama pledged to fundamentally transform America. And for all the failures and the broken promises, that’s the one thing he has delivered on. We’ve transformed from a country of hope to one of anxiety. Today, one in five working-age men are out of work. One in seven Americans are on food stamps. Thirty percent of our mortgages are underwater. In parts of Michigan and California, they’re suffering from unemployment numbers that are greater than during the depths of the Great Depression. Barack Obama promised to cut the deficit in half, and instead he turned around and he tripled it. And now our national debt is growing at $3 million a minute. That’s $4.25 billion a day.

President Obama, is this what you call “winning the future”? I call it losing – losing our country and with it the American dream. President Obama, these people – these Americans – feel that “fierce urgency of now.” But do you feel it, sir?

The Tea Party was borne of this urgency. It’s the same sense of urgency that propelled the Sons of Liberty during the Revolution. It’s the same sense of urgency that propelled the Abolitionists before the Civil War and the Civil Rights Movement during the 20th Century. The Tea Party Movement is part of this noble American tradition. This movement isn’t simply a political awakening; it’s an American awakening. And it’s coming from ordinary Americans, not the politicos in the Beltway. No, it’s you who grow our food; you run our small businesses; you teach our children; you fight our wars. We are always proud of America. We love our country in good times and in bad, and we never apologize for America.

That is why the far left’s irresponsible and radical policies awakened a sleeping America so that we finally understood what it was that we were about to lose. We were about to lose the blessings of liberty and prosperity. So, the working men and women of this country, you got up off your couch, you came down from the deer stand, you came out of the duck blind, you got off the John Deere, and we took to the streets, and we took to the town halls, and we ended up at the ballot box. And as much as the media wants you to forget this, Tea Party Americans won an electoral victory of historic proportions in November. We the people, we rose up and we rejected the left’s big government agenda. We don’t want it. We can’t afford it. And we are unwilling to pay for it.

That victory, remember friends, was only one step in a long march towards saving our country.

We sent a new class of leaders to D.C., but immediately the permanent political class tried to co-opt them – because the reality is we are governed by a permanent political class, until we change that. They talk endlessly about cutting government spending, and yet they keep spending more. They talk about massive unsustainable debt, and yet they keep incurring more. They spend, they print, they borrow, they spend more, and then they stick us with the bill. Then they pat their own backs, and they claim that they faced and “solved” the debt crisis that they got us in, but when we were humiliated in front of the world with our country’s first credit downgrade, they promptly went on vacation.

No, they don’t feel the same urgency that we do. But why should they? For them business is good; business is very good. Seven of the ten wealthiest counties are suburbs of Washington, D.C. Polls there actually – and usually I say polls, eh, they’re for strippers and cross country skiers – but polls in those parts show that some people there believe that the economy has actually improved. See, there may not be a recession in Georgetown, but there is in the rest of America.

Yeah, the permanent political class – they’re doing just fine. Ever notice how so many of them arrive in Washington, D.C. of modest means and then miraculously throughout the years they end up becoming very, very wealthy? Well, it’s because they derive power and their wealth from their access to our money – to taxpayer dollars. They use it to bail out their friends on Wall Street and their corporate cronies, and to reward campaign contributors, and to buy votes via earmarks. There is so much waste. And there is a name for this: It’s called corporate crony capitalism. This is not the capitalism of free men and free markets, of innovation and hard work and ethics, of sacrifice and of risk. No, this is the capitalism of connections and government bailouts and handouts, of waste and influence peddling and corporate welfare. This is the crony capitalism that destroyed Europe’s economies. It’s the collusion of big government and big business and big finance to the detriment of all the rest – to the little guys. It’s a slap in the face to our small business owners – the true entrepreneurs, the job creators accounting for 70% of the jobs in America, it’s you who own these small businesses, you’re the economic engine, but you don’t grease the wheels of government power.

So, do you want to know why the permanent political class doesn’t really want to cut any spending? Do you want to know why nothing ever really gets done? It’s because there’s nothing in it for them. They’ve got a lot of mouths to feed – a lot of corporate lobbyists and a lot of special interests that are counting on them to keep the good times and the money rolling along.

It doesn’t surprise me. I’ve seen this kind of crony capitalism before. It’s is the same good old boy politics-as-usual that I fought and we defeated in my home state. I took on a corrupt and compromised political class and their backroom dealings with Big Oil. And I can tell you from experience that sudden and relentless reform never sits well with entrenched interests and power-brokers. So, please you must vet a candidate’s record. You must know their ability to successfully reform and actually fix problems that they’re going to claim that they inherited.

Real reform never sits well with the entrenched special interests, and that’s why the true voices of reform are so quickly demonized. Look what they say about you. You are concerned civilized citizens and look what they say about you. And just look what happened during the debt-ceiling debate. We’d been given warning after warning that our credit rating would be downgraded if politicians didn’t get serious about tackling the debt and deficit problem. But instead of making the real cuts that are necessary, they used Enron-like accounting gimmicks, and they promised that if they were just allowed to spend trillions more today, they’d cut billions ten years from now. By some magical thinking, they figured they could run up trillion dollar deficits year after year, yet still somehow avoid the unforgiving mathematics that led to the downgrade. Well, they got a rude awakening from the rest of the world, and that’s that even America isn’t “too big to fail.”

When we finally did get slapped with that inevitable downgraded, the politicians and the pundits turned around and blamed us – independent commonsense conservatives. We got blamed! They called us un-American and terrorists and suicide bombers and…hobbits…couldn’t understand that one.

And what is the President’s answer to this enormous debt problem? It’s just spend more money. Only you can’t call it “spending” now. Now you got to call it “investing.” Don’t call it “spending.” Call it “investing.” It’s kind of like what happens with FEMA and some of these other bureaucratic agencies that don’t really want to refer to our centralized federal government as “government.” Now it’s called the “federal family.” Am I too old to ask to be emancipated? Never thought I’d say it, but I want a divorce.

No, the President’s answer to our debt problem is: Incur more debt. Spend more money (only call it “investing”). Make more folks even more reliant on government to supply their every need. This is the antithesis of the pioneering American spirit that empowered the individual to work, to produce, to be able to thrive and succeed with fulfillment and with pride; and that in turn built our free and hope-filled and proud country.

He wants to “Win The Future” by “investing” more of your hard-earned money in some harebrained ideas like more solar panels and really fast trains. These are things that venture capitalists will tell you are non-starters, yet he wants to do more of them. We’re flat broke, but he thinks these solar panels and really fast trains are going to magically save us. He’s shouting “all aboard Obama’s bullet train to bankruptcy.”

The only future that Barack Obama is trying to win is his own re-election, and he has shown that he’s perfectly willing to mortgage our children’s future to pay for it. And there is proof of this. Just look closely at where all that “green energy” stimulus money is “invested.” See a pattern. The President’s big campaign donors got nice returns for their “investments” in him to the tune of billions of your tax dollars in the form of “green energy” stimulus funds. The technical term for this is “pay-to-play.” Between bailouts for Wall Street cronies and stimulus projects for union bosses’ security and “green energy” giveaways, he took care of his friends. And now they’re on course to raise a billion dollars for his re-election bid so that they can do it all over again. Are you going to let them do it all over again? Are you willing to unite to do all we can to not let them do it again so we can save our country?

Now to be fair, some GOP candidates also raised mammoth amounts of cash, and we need to ask them, too: What, if anything, do their donors expect in return for their “investments”? We need to know this because our country can’t afford more trillion-dollar “thank you” notes to campaign backers. It is an important question, and it cuts to the heart of our problem. And I speak from experience in confronting the corruption and the crony capitalism since starting out in public office 20 years ago. I’ve been out-spent in my campaigns two to one, three to one, five to one. (And, by the way, I don’t play that game either of hiring expert political advisors just so they’ll say something nice about me on TV – if you ever wonder. You know how that game’s played too I’m sure.) But the reason is simple: It’s because like you, I’m not for sale. It’s because we believe in the free market. I believe in the free market, and that is why I detest crony capitalism. And Barack Obama has shown us cronyism on steroids. It will lead to our downfall if we don’t stop it now. It’s a root that grows our economic problems. Our unsustainable debt and our high unemployment numbers and a housing market that’s in the tank and a stagnant economy – these are all symptoms. Politicians are so focused on the symptoms and not the disease. We will not solve our economic problems until we confront the cronyism of our President and our permanent political class.

So, this is why we must remember that the challenge is not simply to replace Obama in 2012. The real challenge is who and what we will replace him with. It’s not enough to just change up the uniform. If we don’t change the team and the game plan, we won’t save our country.

Yes, we need sudden and relentless reform, and that will return power to “We the People.” This, of course, requires deeds, not just words. It’s not good enough for politicians to just be throwing our way some vague generalities, talking about some promises here and there. It’s time that we hold them accountable. It is amazing to me that even some good conservatives run away from being honest and straight up with us about what needs to be done. They don’t want to rock the boat. They can’t hurt future election prospects evidently. They just talk vaguely about cuts and then they move on. They’re too busy saying what they think we want to hear, but instead they should be telling us what needs to be said and what needs to be done. So, let us today in this field have that adult conversation about what needs to be done to restore America. Let’s do that now.

In five days time, our President will gift us with yet another speech. In his next speech he’ll reveal his latest new super-duper “jobs plan.” It will have more lofty goals and flowery rhetoric, more illogical economic fantasies and more continued blame and finger-pointing. But listen closely to what he says. All of his “solutions” will revolve around more of the same – more payoffs for his friends and supporters. His “plan” is the same as it’s always been, and that’s grow more government, increase more debt, take and give more of your hard-earned money to special interests. And this is such a problem. But you know what the problems are. We could go on all day about the problems caused by the status quo in Washington. Status quo I think is Latin for “more of the same mess that we’re in.” That status quo won’t work any more. We could go on all day about the problems, but you know them because you live them everyday. So, let’s talk about real solutions. I want to tell you what my plan is. My plan is a bona-fide pro-working man’s plan, and it deals in reality. It deals in the way that the world really works because we must talk about what really works in order to get America back to work.

My plan is about empowerment: empowerment of our states, empowerment of our entrepreneurs, most importantly empowerment of you – our hardworking individuals – because I have faith, I have trust, I have respect for you.

The way forward is no more politics as usual. We must stop expanding an out-of-control and out-of-touch federal government. This is first: All power not specifically delegated to the federal government by our Constitution is reserved for the states and for we the people. So, let’s enforce the 10th Amendment and devolve powers back locally where the Founders intended them to be.

Second, what happened to all those promises about staying committed to repealing the mother of all big government unfunded mandates? We must repeal Obamacare! And rein in burdensome regulations that are a boot on our neck. Get government out of the way. Let the private sector breathe and grow. This will allow the confidence that businesses need in order to expand and hire more people.

Third, no more run away debt. We must prioritize and cut. Cancel unused stimulus funds, and have that come to Jesus moment where we own up to the debt challenge that is entitlement reform. See, the reality is we will have entitlement reform; it’s just a matter of how we’re going to get there. We either do it ourselves or the world’s capital markets are going to shove it down our throats, and we’ll have no choice but to reform our entitlement programs. The status quo is no longer an option. Entitlement reform is our duty now, and it must be done in a way that honors our commitment to our esteemed elders today, while keeping faith with future generations. I don’t think anything has irked me more than this nonsense coming from the White House about maybe not sending our seniors their checks. It’s their money! They have paid into Social Security all of their working lives; and for the President to say, “ah, we may not be able to cut their checks,” ah, well, where did all their money go, politicians? It’s like the Commander-in-Chief being willing to throw our military under the bus by threatening that their paychecks may not arrive. But the politicians will still get their checks and their secure retirements, and he’ll still get his posh vacations. Aren’t you just sick to death of those skewed priorities? It’s all backwards. Our seniors and our brave men and women in uniform being used as pawns – I say it’s shameful, and enough is enough. No more.

Fourth, it is time for America to become the energy superpower. The real stimulus that we’ve been waiting for is robust and responsible domestic energy production. We have the resources. Affordable and secure energy is the key to any thriving economy, and it must be our foundation. So, I would do the opposite of Obama’s manipulation of U.S. supplies of energy. Drill here, drill now. Let the refineries and the pipelines be built. Stop kowtowing to foreign countries and dictators asking them to ramp up production and industry for us, promising them that we’ll be their greatest customer. No, not when we have the resources here. We need to move on tapping our own God-given natural resources. I promise you that this will bring real job growth, not the politicians’ phony “green jobs” fairy dust sprinkled with wishes and glitter… No, a hardcore all-of-the-above energy policy that builds this indestructible link between made-in-America energy and our prosperity and our security. You know, there are enough large conventional natural resource development projects waiting for government approval that could potentially create more than a million high-paying jobs all across the country. And this is true stimulus. It wouldn’t cost government a dime to allow the private sector to do these. In fact, these projects will generate billions of dollars in revenue. Can you imagine that: a stimulus project that actually helps dig us out of debt instead of digging us further into it! And these are good-paying jobs, and I know that from experience. For years my own family was supported (as Todd worked up on the North Slope) by a good energy sector job. America’s economic revival starts with America’s energy revival.

Fifth, we can and we will make America the most attractive country on earth to do business in. Here’s how we’re going to do this. Right now, we have the highest federal corporate income tax rate in the industrialized world. Did you know our rates are higher than China and communist Cuba? This doesn’t generate as much revenue as you would think, though, because many big corporations skirt federal taxes because they have the friends in D.C. who right the rules for the rest of us. This makes us less competitive and restrains our engine of prosperity. Heck, some businesses spend more time trying to figure out how to hide their profits than they do in generating more profits so that they can expand and hire more of us. So, to make America the most attractive and competitive place to do business, to set up shop here and hire people here, to attract capital from all over the globe that will lead to an explosion of growth, instead of chasing industry offshore, I propose to eliminate all federal corporate income tax. And hear me out on this. This is how we create millions of high-paying jobs. This is how we increase opportunity and prosperity for all.

But here’s the best part: To balance out any loss of federal revenue from this tax cut, we eliminate corporate welfare and all the loopholes and we eliminate bailouts. This is how we break the back of crony capitalism because it feeds off corporate welfare, which is just socialism for the very rich. We can change all of that. The message then to job-creating corporations is: We’ll unshackle you from the world’s highest federal corporate income tax rate, but you will stand or fall on your own, just like all the rest of us out on main street.

See, when we empower the job-creators, our economy will soar; Americans will get back to work.

This plan is a first step in a long march towards fundamental restoration of a strong and free market economy. And it represents the kind of real reform that we need. And, folks, it must come from you. It must come from the American people. Real hope is in you. It’s not that hopey-changey “stuff” that we heard about back in 2008. We’ve all learned that. And real hope isn’t in an individual. It’s not in a politician certainly. And that hopey-changey stuff that was put in an individual back when Barack Obama was a candidate – that hopey-changey stuff didn’t create one job in August, did it? That’s the first time that’s happened in the United States since World War II. Real hope comes from you. Real hope comes from realizing that we the people can make the difference. And you don’t need a title to make a difference. We can get this country back on the right track. We can do it by empowering the people and realizing that God has richly blessed this most exceptional nation, and then we do something about that realization.

Don’t wait for the permanent political class to reform anything for you. They won’t. They can’t. They can’t even take responsibility for their own actions. Our credit is downgraded, but it’s not their fault. Our economy’s in turmoil, but it’s not his fault. It’s the tsunami in Japan or the Middle East uprising. It’s Irene. It’s those doggone ATM machines.

Folks, the truth is Barack Obama is adrift with no plan because his “fundamental transformation” is at odds with everything that made this country great. It doesn’t make sense. He doesn’t make sense. Unbelievably our President declares that he “believes in American Exceptionalism… just as the Greeks believe in Greek Exceptionalism.” Well, the path he has us on will make us just as “exceptional” as Greece, alright – with the debt crisis and the stagnation and the unemployment and uprisings and all.

Friends, you are better than that. Our country is better than that. We’ve got to unite. We’ve got to stand together. We can confront the problem and we can achieve lasting reform. And I can tell you from hard-earned experience with bumps and bruises along the way, that the road ahead is not easy. You will be demonized. They’ll mock you. They’ll make things up. They’ll tell you to “go to hell.” But we’ll bite our tongue, we’ll keep it classy, and we won’t respond—as tempting as it is—to anyone who just has such disdain for our free market economy and for individual initiative and responsibility. We won’t say, “No, you go to hell.” No, we won’t say that. You know why we don’t have to say that? Because when we have time-tested truth and logic on our side, we win. And when we refuse to retreat because we know that our children’s future is at stake, we win.

No, the road isn’t easy, but it’s nothing compared to the suffering and sacrifice of those who came before us.

A few weeks ago, after my visit to the Iowa State Fair, I took my daughter Piper and my niece McKinley with us to the World War I Liberty Memorial in Kansas City. And standing in the rain, reading the inscriptions on the Memorial about the honor in one’s dedication to God and country, I thought of all those young patriots who suffered and died so far from home. And revering our vets there with the next generation by my side, there was such clarity – clarity in our calling, patriotic Constitutionalists. We have a duty not just to the living, but also to those who came and died before us and to the generations yet to be born. Our freedom was purchased by millions of men now long-forgotten throughout history who charged the bayonets, and they charged the cannons; they knew they were going to die, but it was worth it for them sacrificing for future generations’ freedom. They’re the ones who prayed in the trenches and suffered in the P.O.W. camps. They gave their lives so that we could be here today.

You and I are blessed to be “born the heirs of freedom.” As President John F. Kennedy said, “We dare not forget today that we are the heirs of that first revolution.” We are the heirs of those who froze with Washington at Valley Forge and who held the line at Gettysburg, who freed the slaves to close a shameful chapter, and who carved a nation out of the wilderness. We are the sons and daughters of those who stormed the beaches of Normandy and raised the flag at Iwo Jima and made America the strongest, the most prosperous, the greatest nation on earth forever in mankind’s history – the greatest, most exceptional nation.

America, we will always endure. We will always come through. We will never give up. We shall endure because we live by that moral strength that we call grace. Because though we’ve often skirted a precipice, a Providential Hand has always guided us to a better future. So, let us seek that Hand once more. Our Ronald Reagan said, “If we ever forget that we are one nation under God, we will be a nation gone under.” Yes, He shed his grace on thee, America! We will not squander what we have been given! We will fight for freedom. We will fight for America. We are at the tipping point. United we must stand. And we shall nobly save, not meanly lose, this last best hope on earth.

So, God bless you, Iowa! God bless the United States of America!

Illegal Workers Used Tax Credit to Pocket $4.2 Billion, Audit Shows

by . 2. September 2011 15:51

 FoxNews.com

Talk about a tax loophole.

Undocumented workers collected $4.2 billion in a certain tax credit last year, up from less than $1 billion five years ago, according to a new audit.

The report from the Treasury Inspector General for Tax Administration looked only at a tax benefit known as the Additional Child Tax Credit, a refundable credit meant for working families. The audit found that as a result of vague U.S. law -- as well as an expansion of the tax credit in stimulus legislation and other measures -- the number of illegal workers collecting the money has skyrocketed.

The inspector general's office expressed concern about the trend and urged the IRS and Treasury Department to determine once and for all whether that money should be paid out.

"The payment of federal funds through this tax benefit appears to provide an additional incentive for aliens to enter, reside and work in the United States without authorization, which contradicts federal law and policy to remove such incentives," the report said.

The report highlighted a quirk in U.S. law. Even people who are not authorized to work are supposed to pay the IRS taxes on their income. Many of those people cannot obtain a Social Security number, so to facilitate this the IRS hands out what are known as Individual Taxpayer Identification Numbers -- so illegal workers can file returns. However, in doing so many of those workers are claiming tax benefits like the Additional Child Tax Credit. For some, it's a way of making even more money.

"Refundable credits can result in refunds even if no income tax is withheld or paid," the report noted.

The Additional Child Tax Credit is an offshoot of another tax credit worth up to $1,000 per child. Restrictions for the tax credits were loosened in 2001, and eligibility was temporarily increased by the 2009 stimulus bill.

"As such, more taxpayers could claim the ACTC or claim a greater amount," the report said. The inspector general's office said 2.3 million undocumented filers claimed the credit in 2010, adding up to $4.2 billion worth of refunds.

Not all immigrants who are unauthorized to work are necessarily illegal immigrants. However, any legal immigrant who works without authorization would be in violation of his or her immigration status.

The report said that if the administration determines the credits should not be paid in the future, then the IRS needs the authority to stop them.

According to the audit, the IRS agreed with that recommendation.



Read more: http://www.foxnews.com/politics/2011/09/02/undocumented-workers-pocketed-42-billion-in-tax-credits-audit-shows/#ixzz1X1kP5feL

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