Tuesday, June 29, 2010

Obama: The Great Jobs Killer

By Wayne Allyn Root

The current occupant of the White House claims to know how to create jobs. He claims jobs have been created. But so far, the score is Great Obama Depression: 2.2 million lost jobs / Obama - 0 - a blowout. Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This “community organizer” knows as much about private sector jobs as Pamela Anderson knows about nuclear physics. It’s time to call Obama what he is - “the great jobs killer.” With his massive spending and tax hikes - rewarding big government and big unions, while punishing taxpayers and business owners - Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. As far as the taxpayers - the people that actually take risks with our own money, to create small businesses, and jobs, and pay most of the taxes - we now require protection under the Endangered Species Act. [more...]

G-19: The U.S. Stands Alone

By Bill Glynn

Greece's debt was over 120% of GDP when it hit a brick wall. The U.S. debt is now over 90% of GDP. While other nations around the world have mountains of debt, too, the U.S. economy is seen as able to sustain its debt levels and continue to be able to finance more deficit spending. Well, it was clear from the G-19 members that the U.S. stands alone in this assumption. The administration pushed hard for the rest of the world to continue to borrow and spend to assure the global economic recovery is sustained. But the U.S. has signaled through Timothy Geithner that America won't be able to take on the burden of carrying the rest of the world on our back anymore. So, the world is undergoing tax hikes and spending reduction while we trumpet more stimulus that hasn't worked already. The recovery is fragile at best and I do expect a dip coming. The "double dip" we are already teetering on looms and the plan is to borrow our way out of it and flood the market with more of our currency. This is a recipe for disaster. [more...]

Wednesday, June 16, 2010

Obama's Gulf Crisis Response: Insanity Squared

By Wayne Allyn Root

As Ronald Reagan would say, "There you go again Obama." Obama is trying to turn a tragedy and national emergency in the Gulf into an opportunity to pass yet another massive tax that will bury our economy. Does it ever end? Every single crisis is an opportunity to raise taxes, damage business, and redistribute the wealth. Now Obama is using the Gulf oil crisis to try to ram through "cap and trade" legislation that will greatly increase taxes and prices for all forms of energy but especially hit the middle and upper classes and business owners the hardest.

Has America picked up on a pattern yet? None of this has anything to do with the crisis. It's all about a Marxist plan to overwhelm the system and redistribute the wealth. The crises are just Obama's "opportunities." They are his WEAPONS OF MASS DISTRACTION to provide cover for massive new taxes that take away money and power from the people - especially business owners - and hand it to big government, big unions, and Obama's masses of voters (the poor, entitlement addicts, government employees - anyone that desperately needs government to survive). [more...]

Housing, Oil, Freddie, Fanny & Spain - Add it Up!

By Bill Glynn

Now we all see the oil disaster and everyone is focused on the government failure and ongoing oil being spilled into the Gulf everyday. BP for certain will pony up the money to settle lawsuits that will help stave off massive unemployment. But the owners will get the majority of that while thousands of their employees will join the ranks of the unemployed - catastrophic to the economy. Not only is the government pandering Cap & Trade-type policies, it is also forcing the oil companies to put up billions into yet another government slush fund. What do you think is going happen at the pumps? Gas prices will go up! Aggregating the issues that just keep on coming should drown out the pandering and publicity around positive signs for the economy but that would hurt consumer confidence, wouldn't it? The elections are coming - and the airwaves are going to be filled with anything that can be sold and pandered as positive news. All the talking points will take individual metrics and beat the drums; but if we are not aggregating these issues, we will never see through the wool over our eyes. [more...]

Tuesday, June 15, 2010

Emergency Alert to Small Business

How One Clause of "Jobs Bill" Could Wipe Out Small Business in America Tomorrow!
By Wayne Allyn Root, CEO, Entrepreneur, Small Business Owner and 2008 Vice Presidential Nominee

Obama and his socialist friends in Congress are trying desperately to replicate California, New York and Michigan where business owners, retirees and taxpayers are fleeing by the hundreds of thousands. In just the past few weeks, Obama and his anti-economic freedom Congress have tried to pass two bills that each could wipe out small business, destroy millions of jobs, and cause a mass exodus of business owners and high income earners out of this country (just as millions of taxpayers have escaped from New York, Michigan and California). Taken together they are a message from Obama: WE ARE OUT TO SEIZE YOUR PROPERTY, STEAL YOUR MONEY, AND DESTROY YOUR LIFE IF YOU OWN A SMALL BUSINESS.

Starting in 2012, every business owner in America must send out a 1099 to the I.R.S. for every bill they pay that adds up to $600 or more in the course of a year. This new law will create a blizzard of compliance issues and paperwork, and an I.R.S. Nanny State unimaginable heretofore. The cost of compliance will be billions of dollars - in the middle of a depression. Very few small business owners have the time, money or manpower (teams of accountants, controllers, bookkeepers) to comply with this new law. It is intended to bleed small business dry and suffocate us under a blizzard of paperwork and I.R.S. tax compliance. If it isn’t overturned by a new Congress before January 1, 2012, say goodbye to millions of jobs.

The battle lines are drawn - it’s us against them. It’s small business against Obama. It’s small business versus big unions and big government. It’s capitalism and what’s left of the American Dream against socialists, Marxists and communists. It’s Obama’s attempt to turn all of America into one big California. It’s time to stop this out of control administration. [more...]

On the Money

By Bill Glynn

Suffice it to say the America People (what the panderers call us) are fickle and being led by the nose by nothing more than political consumer branding. This is what elections have been reduced to and supported by billions of dollars to make sure you and I go to the voting booths and choose the brand they want you to buy. Consumer product branding is exactly the same. Companies spend hundreds of millions on television, radio and print media to program you into buying their product. If it didn’t work to pull you along by the nose, not a penny would be spent on commercials and ads. Well, the same holds true for the political machines, special interests, unions and many other influencers aiming their media guns directly at us to make sure we stay chained to the platonic TV where the political rock stars can give us our opinions. Obama touring the country selling ObamaCare is just a prime example of what we are allowing to happen. [more...]