John Stossel has once again gotten it right. He's one of the only reporters in the mainstream media who will tell you the truth. If you missed his special last night, here it is. You may also want to watch his previous special, which I blogged about and posted here.
You can watch the six different segments below, or you can also watch this episode in its entirety here at ABC.
Everyone in America should watch this and John's previous reports. Pass it around!
Fed. Government's Failed Bailouts
Fed. Government Scares the Middle Class
Fed. Government's Failure to Control Traffic and at Building Roads
Fed. Government Wants to Controll Pre-School
Fed. Government Spends Billions and Fails to Control Border
If Obama gets his way, by his own admission, the deficit will be above $1 TRILLION over the next THREE YEARS, for a total of around $3.7 T. That's nearly what the big spender Bush II took EIGHT years to do ($4.3 T). And all this put into motion in Obama's first couple of months. Eeegads. Spending under Bush was terrible, but apparently it's going to be even worse under Obama and the D-controlled congress.
Big spender Obama. So much for change.
Obama's $3.6 trillion spending and tax plan is the biggest effort to shift the federal government's role in the economy since Reagan's in 1981. But instead of rolling back government, Obama advocates growing it. ....Shudder.... If Congress declines to raise taxes on carbon emissions, or other areas, it will force the deficit even higher. Likewise, should all his tax increases pass, that could slow the economy even more, and the deficit goes higher still.
I might be for raising taxes if I thought for one minute the Gov would use it to pay down the deficit like Bush I and Clinton did, but I don't trust Obama to do that. He's got way to big of a social agenda and seems to lack a basic understanding of economics. (Clinton also did not control federal spending, considering it increased by almost 30% during his tenure. What saved him was the dramatic increase in tax revenues from a healthy economy created in the tech and other sectors during that time.)
Want to see just how much Obama want's to borrow from your children, watch this:
Glenn Beck graphically depicts our Federal Government's out of control spending.
Politicians, R's and D's alike, just can't resist spending your money, and mortgaging your children's future. The national debt is already nearly $11 TRILLION, that's $35,000 for every person living in America, and this all BEFORE Obama starts with his crazy spending!
The stock market clearly isn't liking what they are hearing from Obama. It's down 20% in the short time since Obama's inauguration and down nearly 40% from the time it was evident that Obama was going to become President. Ouch!
The Stock Market Isn't Buying Obama's Tax and Spend Plan
Look at what CNN's Mad Money host Jim Cramer has to say about Obama's policies.
According to a recent poll, over a quarter of those who voted FOR Obama now regret it.
26% of those who voted for Obama wish they hadn't.
Obama's DISapproval rating has increased from 10% to 26% in just over a month as more people, like me, who had hoped that Obama would be different, have learned about his same-old higher taxes and bigger government programs.
Obama's Disapproval rating goes up from 10% to 26% in just over a month.
So, what's to be done? How do we get our economy back on it's feet?
I would encourage everyone to read Free to Choose by Milton and Rose Friedman. (A 10-part TV series was also made along with this book.) If ever there was a time for people to understand how our economy works, it's now, while Obama and the Democratic-controlled congress try to reshape our country into the great society.
Milton Friedman, he was was an American economist, statistician and public intellectual, and a recipient of the Nobel Memorial Prize in Economic Sciences. Even though this book and his ideas are from a few decades ago, they remain true principles that seem to have been lost.
If you're not familiar with Milton Friedman or his beliefs, you can find several good video interviews with him on YouTube. Here is one small sample of him being interviewed by Phil Donahu.
Get this book, read it, and see if it doesn't make a lot of sense, and if it does, is Obama putting us on the right track?
As those of you who follow my blog know, I was a Mitt Romney supporter for President. I felt our country needed someone like Romney, who really understands how the economy works and has shown time and time again he can turn things around. Unfortunately, Romney lost in the primaries to John McCain, who I then reluctantly supported because I didn't like Obama's lack of experience, position on taxes, and Liberal record. Today, however, America has spoken and Barack Obama will be our next President.
Congratulations to Barack Obama -- I'm Proud of America
Even thought Obama's associations, lack of experience, view on taxes, and Liberal voting record concern me, there is one thing about his victory that I'm very happy about, and that is I'm proud to be an American today, which just elected an African American as its president. I'm excited to have our first minority as President. I believe it shows that America isn't a racist nation. Of course there are those few who still discriminate and hold racist attitudes and views, but I believe the majority of Americans do not hold race against others.
I do worry about Obama, Pelosi and Reed controlling the federal government, and I'll do what I can to keep our country from swinging to big government and expanded social programs (and will be ready to support Romney in 2012 if Obama drops the ball!). However, for today, I'm just going to be proud to be an American where we have a free election system and where anyone truly can become President.
Congratulations to Barack Obama and his historical victory. Regardless of who you voted for, today every American should be proud of their country. I am.
I have a very good friend who is planning on voting for Barack Obama. Even SHE refused to believe me when I told her that people who pay no income tax (about 40% of Americans) will actually get a check in the mail under Obama's "spread the wealth around" tax plan. I admit it's hard to believe, but quite true.
What Obama calls a "tax cut" is really a tax increase, and that tax increase is really a welfare payment to millions.
It's one thing to "tax the rich" to build highways and support our national defense,butwhen you take money from one group and give it to another, that's WELFARE, and when your government FORCES you to do it, that's SOCIALISM.
I never hear Obama talking about expanding the pie, only about how to slice it. I'm all for helping those in need, but the best way to do that is to grow the economy with LOWER taxes so everyone can have a good job. As pointed out in my last blog, the private sector can do much more to help people than government.
I have been unemployed for the past year as I've been starting a new business, so I have no income. Senator Obama, if elected to President, PLEASE do NOT mail me my welfare check. I prefer to earn a living through work and productivity.
We have TWO tax codes and TWO government benefit "packages." One would be set by the Democrats and on by the Republicans. Democrats can collect all the taxes they want from fellow Democrats, and Republicans from Republicans. Each party then has their own set of "perks."
For example, if you want "free," government-run health care, you can pay taxes to the Democrats and get that perk from them. If you would rather pay less in taxes and be responsible for your own health care insurance, then you could choose Republican. You get the idea.
Competition would then keep both parties on their toes. Everyone could decide which party gives you the most bang for your buck. High taxes and big perks? Or lower taxes and lower perks?
Of course, some functions would need to be agreed on and provided together from both parties (highways, national defense, etc.), but we'd have competition for all those fun little perks that politicians like to promise us (free health care, college education, welfare, etc.).
Of course, this plan would never work, at least not for the Democrats. Why? Because they need all those Republican entrepreneurs and business people to pay big taxes to pay for all their programs.
Obama's program is a simple three step plan:
1. Tax 5% of the population. 2. Give lots of perks to the other 95%. 3. Take all the credit, pat yourself on the back, and think YOU actually produced and accomplished something of worth.
"If you analyze it I believe the very heart and soul of conservatism is libertarianism."~ Ronald Reagan
Read more of Ronald Reagan's views on Libertarianism from this interview he did in 1975. At that time, Reagan used the term "libertarian-conservative" to describe his political philosophy. Reagan’s record, while generally conservative, was not particularly libertarian, but one’s administrative decisions, constrained as they are by existing laws, institutions, and politics, do not necessarily mirror one’s underlying philosophy (consider Mitt Romney when governing the very liberal state of Massachusetts). This interview gives an interesting glimpse into the real Ronald Reagan.
It's good to get to know where a candidate comes form, where their true roots lie and what their underlying philosophy is. Elections have a way of pulling candidates to the center as they pander for votes, so if you want to know what will actually drive a politician once they're in office, look to their core values and beliefs, and not just what they say months before an election.
Ronald Reagan was, in my opinion, a great President, because deep down he believed in the libertarian ideals of smaller government and more personal responsibility. Barack Obama is one hundred and eighty degrees from Ronald Reagan in that belief. Obama may be pulling to the center to win your vote, but if you look at what he has said and done in years prior, you'll see someone who can't wait to raise taxes and let government step in and start solving your problems.
It's hard to find many things government does right, so why would anyone want to turn to government to solve more of their problems? This would be like choosing the worst shooter on your basketball team to shoot the technical free throws. It makes no sense.
Another good quote from Ronald Reagan, "I don’t believe in a government that protects us from ourselves."
I couldn't agree more. If I need protecting from myself, I hope friends, family, church, neighbors, and community support groups will be there for me, not the Federal Government.
One of these four people will be your next President.
John Edwards and Rudy Guiliani have both pulled out of the race. Huckabee and Ron Paul are so far behind in votes and delegates, and so low in national polls, they're out for any voter who wants their vote to have a chance of changing the outcome. Bloomberg may enter, but as history has shown us, will be a very long shot. So, this means we now know that one of the above four people will be our next president.
If you're a registered Democrat, you will be voting between Hillary Clinton and Barack Obama. Republicans will be choosing between Mitt Romney and John McCain.
The race has narrowed from around 20 candidates, to just these four. Those of you who have been sitting on the sidelines, waiting for the choices to be scaled down, now is the time to look at these remaining few candidates and make a choice.
Choose wisely.
As for me, I'm choosing the one with a proven track record of solving tough problems. He has successfully turned around struggling businesses, saved the 2002 Olympics, and put Massachusetts on the right course as Governor. He's the only candidate to have succeeded in both the private and public sectors. He understands the economy better than the others. He's the only candidate who has said he'll get us out of Iraq, but with victory. (Clinton and Barack will pull out immediately in surrender, and McCain will keep us there indefinitely.) He's the candidate with the right views on immigration, taxes and health care. He's a true American that understands the importance of strong family values.