A relatively minor program captured the headlines over this past week end and promises to continue to arouse partisan political passion through this week until the final disposition of the ” cash for clunkers ” program is determined. The White House is very much in favor of continuing the program which has burned through the initial one billion dollars that was allocated to the automobile purchasing stimulus.
The program provides for a $4,500. trade in on older automobiles. The program was so well received by consumers that the program quickly ran out of money. Last week the House quickly approved an additional two billion dollars for the program and the Senate is debating the issue this week prior to the beginning of the August recess.
With an economy in recession and the majority of voters deciding that the stimulus plan provided by Barack Obama under the guise of the American Recovery Act has been a dismal failure, it is no wonder that the White House is promoting the “success” of “cash for clunkers”. It is most likely the Senate will pass an appropriation to continue this program since the auto industry is a Government preferred industry as demonstrated by the bail outs provided by both the Bush and Obama administrations.
Ceo4aday believes that programs that stimulate the purchase of durable goods are welcome and truly provide a stimulus to the economy but do not believe they should be discriminatory. We have long advocated a program that is not discriminatory that would put dollars in the hands of consumers through a federal voucher with an expiration date that would expire within a specific period of time. The program would consist of a spend it or lose it clause and the monies distributed to tax payers should be allocated on a proportionate basis per actual taxes paid.
Funds from the American Recovery Act could be reallocated from their current entitlement and union subsidization program to fund real stimulus. Under this plan all tax payers would receive in effect a rebate on prior taxes paid which would provide an economic stimulus across all sectors of the economy as opposed to being sector specific like “cash for clunkers”. It would also be class inclusive as opposed to previous attempts at consumer stimulus that omit those at the top rungs of the economy.
We recognize that the likelihood of reallocating funds from the American Recovery Act and converting them to real stimulus dollars is unlikely. The Obama administration and the members of Congress that rushed through this partisan $787 Billion bill during the first weeks of the new progressive administration would be reluctant to alter its current structure in any way that would divert funds away from the numerous liberal programs that were included in the bill to satisfy the various special interest groups of the left.
Americans Reject Obamacare
Posted in Culture, economy, politics, tagged Age of Austerity, Barack Obama, business, CEO, class war, commentary, congress, Culture, Democrats, economy, harry reid, investing, main street, Nancy Pelosi, Obamacare, politics, Progressive Fascism, recession, wall street, White House on August 4, 2009| Leave a Comment »
The American public is awakening to the health care reform scam that Barack Obama and a subservient Democratic Congress are attempting to impose on a nation that does not want the change Barack Obama and his elitist progressive administration are determined to enact.
The public is speaking out across the country and saying no to Obamacare and serving notice to Congress that its members will be held accountable for the decisions they have made to date as well as in the future. Members of Congress are continually campaigning and with the 2010 elections only fifteen months away those with an eye on reelection will be listening to their constituents during the August recess.
The voices they hear will unnerve them. The American public in what happens once in a generation, if at all ,wants to be included in the decision process that takes place in Washington. Their voices will be heard at gatherings all across the land. They want entry into the elitist halls of government where special interest groups have placed a stranglehold on Congress and the Administration to further a progressive agenda that will bankrupt our nation’s spirit as well as our economy. In their zeal to transform this nation from an economy based on free enterprise, broad individual freedoms and a limited role for government to a socialist nation, that will limit individual freedoms and expand the reach of government into every aspect of our lives.
Barack Obama has been slipping in the polls the past several weeks as Americans become disenchanted with his policies. As his favorability rating weakens in the polls it has provided an inverse reaction on Wall Street. As CEO4ADAY predicted in a blog on July 14th, Obama’s decline in the polls would ignite a rally on Wall Street as investors gained confidence that this, the most radical President to inhabit the White House, will fail in his quest to transform America into a Eurotopian socialist state.
The traditions of America consistently flow from the center. When the nation swings too far to the right or the left in an attempt to right an imbalance it eventually finds its way to the center or right of center. The cultural fabric of America has under gone vast changes over the past 233 years since the original 13 colonies declared their independence from the oppression and tyranny of a government that existed to be served by the people rather than a servant of the people.
Though our cultural fabric has changed through the years, the ideal that is America as the benchmark for freedom, opportunity and a bulwark of individualism has inspired the dreams of people through out the world. The administration of Barack Obama has a vision for a new America. An America that does not stand apart as a beacon of freedom in the world or a model of free enterprise but rather exists to serve as a model for the world of a nation that views the quest for moderation as the American dream. An America in which individual choices and freedoms are secondary to the greater will of the people as determined by an elite political class in Washington.
Americans are rejecting the vision of America offered by Barack Obama and promoted in Congress by Nancy Pelosi and Harry Reid. They are again speaking out for individual freedoms. The voices of Americans through out the land have been uncorked and will not return to an easy quiet until the center is firm.
Read Full Post »