Ok, You Two, What Would You Do to Solve This Mess?

Bill Clinton points to liberal Congressional Democrats' protection of Fannie and Freddie from scrutiny as a primary cause of the current economic meltdown.

http://www.youtube.com/watch?v=XsynspIqAoE

To prove Bill Clinton's point, this is a link to a C-SPAN video clip of the Congressional hearings at roughly the time McCains attempt at S.190. to fix fannie and freddie.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

"Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis"

The link below describes how some of those Democrats in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN. See: Wall Street Journal

http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

And here is Lou Dobbs reporting on ACORN corruption and ties to Obama, including Obama Campaign paying ACORN $800,000 for voter registration activities, and Obama representing them when he was a practicing attorney.

http://www.cnn.com/video/#/video/bestoftv/2008/10/09/ldt.tucker.acorn.under.fire.cnn

HOW MUCH DO YOU KNOW ABOUT OBAMAS $845 BILLION DOLLAR GLOBAL POVERTY ACT (Change you can believe in?)

(PART 1 of 2)

We (U.S. citizens). . . under the OBAMA/BIDEN Administration. . . will be responsible for paying for WORLD POVERTY (which will be managed by the United Nations) with none of those US dollars to be used to help fix our own economic problems in our country.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Obamas Poverty Plan: A Global Scam
By Erik Rush
July 31, 2008

Excerpt:

The people of the UNITED STATES OF AMERICA are (ALREADY) THE WORLDS GREATEST CHARITABLE GIVERS. As it stands, our government weighs in similarly compared to the governments of other developed nations. Still, those who make such generosity possible . . . the WORKING AMERICANS . . . find themselves with nowhere to turn when they run into difficulty. This columnist would rather see the #MORTGAGES of every American family currently under threat of foreclosure brought current before one more ILLEGAL IMMIGRANT is given free medical care, one more fiscally irresponsible corporation is bailed out, or one more dollar falls into the hands of a Third World despot.

Remember OIL FOR FOOD S. 2433 is a proposed massive money grab being sold on the basis of FALSE COMPASSION and UNWARRANTED GUILT . . . nothing more. The GLOBAL POVERTY ACT would represent FURTHER CONFISCATORY TAXATION of the American people in order TO PROVIDE BILLIONS in circumlocutory appeasement for THIRD WORLD GOVERNMENTS, with the obligatory administrative LOST MILLIONS appropriated by corrupt dictators, lawmakers, consultants and United Nations bandits. . . . and BARACK OBAMA knows it!

More on this article here: http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=70989


(Continued in the Reply area below - Obamas $845 billion dollar Global Poverty Act)

(Continued from my post above - Obamas $845 billion dollar Global Poverty Act)

(PART 2 of 2)

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

THE ACTUAL BILL:

65. S.2433 : A bill to require the President to develop and implement a comprehensive strategy to further the United States foreign policy objective of promoting the reduction of global poverty, the elimination of extreme global poverty, and the achievement of the Millennium Development Goal of reducing by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day.
Sponsor: Sen Obama, Barack [IL] (introduced 12/7/2007) Cosponsors (30)
Committees: Senate Foreign Relations
Senate Reports: 110-331
Latest Major Action: 4/24/2008 Placed on Senate Legislative Calendar under General Orders. Calendar No. 718.

SOURCE: http://thomas.loc.gov/cgi-bin/bdquery/d?d110:0:./temp/~bdns0N:[[o]]&items=100&|/bss/d110query.html|

* * * * * * * * * * * * * * * * * * * * * *

Another article worth the read (a Video follows at the end)

OBAMAS $845 BILLION U.N. PLAN FORWARDED TO U.S. SENATE FLOOR
(Global Poverty Act to cost each citizen $2,500 or more. . . )
Posted: July 25, 2008; 12:30 am Eastern
By Bob Unruh

Exerpt:
Cliff Kincaid at Accuracy in Media has published a critique asserting that while the Global Poverty Act sounds nice, the adoption could result in the imposition of a GLOBAL TAX on the United States and would make levels of U.S. foreign aid spending SUBSERVANT to the dictates of the #UNITED NATIONS.

ARTICLE: http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=70308

VIDEO: http://www.youtube.com/watch?v=PePbtEABzGk

The impact of Obamas proposed tax plan would be a disaster for small business!!

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

AN ARGUMENT AGAINST OBAMAS TAX PLAN
By GROVER G. NORQUIST | 7/11/08 4:58 AM EDT
Grover Norquist is president of Americans for Tax Reform and author of: Leave Us Alone - Getting the Governments Hands Off Our Money, Our Guns, Our Lives.

(Part 1 of 2)

The Tax Policy Center and the Barack Obama campaign used some sleight of hand this week in Politico. To quote Eric Tolder of the TPC, ???Most small-business people, like most everyone else, are not really high-income.??? While this is true, it completely and totally misses the point.

Lets start with the DEFINITION of a SMALL BUSINESS. Most will tell you that small-business income constitutes income derived from sole proprietorships, partnerships and Subchapter S corporations.

The conservative argument (and that of the John McCain campaign) is that OBAMAs stated PLAN TO RAISE TAXES ON HOUSEHOLDS MAKING $250,000 OR MORE in income is a TAX INCREASE ON SMALL BUSINESS. The simple answer to this dilemma can be found in the IRS Statistics of Income Bulletin (Table 1.4, for those who are interested: http://www.irs.gov/taxstats/indtaxstats/article/0,,id=96981,00.html )

SO WHAT DO THE DATA SAY?

In 2006 (the latest year available), $706 BILLION of such income was REPORTED to the INTERNAL REVENUE SERVICE. Of this, about half was reported by households in the top marginal income tax rate. Interestingly, TWO-THIRDS of this INCOME was REPORTED BY HOUSEHOLDS making $250,000 per year or more . . . the very SAME HOUSEHOLDS that Obama wants to INCREASE TAXES ON.

The Obama campaign maintains that the number of small-business owners is what is important. ECONOMISTS know what MATTERS IS THE TAX RATE that is APPLIED TO the BULK OF SMALL-BUSINESS INCOME. Make NO MISTAKE about it: Obamas plan to raise taxes on households making more than $250,000 WILL RAISE TAXES ON MOST SMALL-BUSINESS PROFITS in America.

What type of tax rate are we talking about? Currently, S CORPORATIONs face a top tax rate of 35 percent, while SOLE PROPRIETORS and GENERAL PARTNERS face a tax rate of 37.9 percent (since they are re responsible for paying both income tax and the Medicare component of the payroll tax).

Under OBAMAS (TAX) PLAN to let the scheduled 2011 tax rate hikes occur, and his plan to raise the self-employment tax on those making more than $250,000, the S corporation rate WOULD RISE from 35 percent to 39.6 percent. The Sole Proprietor and

(Continued in my post below)

(Part 2 of 2 - Continued - Impact of Obamas tax plan on Small Businesses a disaster)

Partner rate WOULD RISE FROM 37.9 percent all the way up to a STAGGERING 50.3 PERCENT. Many Democrats in Congress have proposed making ALL SMALL BUSINESSES (including S corporations) pay this 50-plus percent rate. A small business tax rate that high would be the highest marginal rate faced by them in nearly a quarter-century.

WHAT would a WORLD LOOK LIKE where TWO-THIRDS of all SMALL-BUSINESS income would be TAXED AT A 50 percent rate? The economic law that TAXING SOMETHING MORE and GETTING LESS OF IT would apply. FEWER Americans would be INTERESTED in OPENING or EXPANDING small businesses. TAX EVASION and legal tax avoidance would spike, as tax shelters would once again become a booming industry. Since small businesses create a majority of jobs in America, MAIN STREET CLOSING UP shop will have a direct impact on the family budget, as well. PLANTS and EQUIPMENT WILL GO UNUSED. Despite the misguided opinions of static scorers in Washington, federal tax revenues will likely decline as THE ECONOMY STAGGERS INTO A FULL-ON RECESSION.

WHAT IS THE ALTERNATIVE? One place to look is the optional ALTERNATE TAX SYSTEM originally proposed by Congressman Paul Ryan (R-Wis.) and now ENDORSED by MCCAIN. It would give households (including those with small business income) a CHOICE between the current tax code and one with a top rate of 25 percent on all income over $100,000. This would have the BENEFICIAL EFFECT OF LOWERING THE TAX RATE ON MOST SMALL-BUSINESS INCOME BY 10 PERCENTAGE POINTS. Small businesses have not faced a tax rate that low in quite some time and would be likely to respond with the CREATION OF NEW businesses and more investment in existing businesses.

The MCCAIN SMALL BUSINESS TAX PLAN does not end there. For those businesses that are organized as conventional corporations, the TOP TAX rate would FALL FROM 35 percent TO 25 percent, the European average. For all businesses, technology and equipment - which now must be slowly depreciated over many years - would be IMMEDIATELY EXPENSED IN YEAR ONE.

Stepping back, VOTERS and POLICYMAKERS should ASK THEMSELVES whether they want:

TWO-THIRDS of small business INCOME TAXED AT A 50 percent tax rate. . . . OR. . . . . .if they want nearly ALL SMALL-BUSINESS income TAXED AT A 25 percent tax rate.

They should ask themselves whether its healthier for small businesses to WRITE OFF a COMPUTER over six (6) CALENDAR YEARS or to simply WRITE IT OFF IN YEAR ONE. To Americas small business sector, the answer is obvious.

http://www.politico.com/news/stories/0708/11670.html

NEWSWEEK SUCKS

http://docs.justia.com/cases/federal/district-courts/pennsylvania/paedce/2:2008cv04083/281573/18/0.pdf



UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF PENNSYLVANIA

PHILIP J. BERG, ESQUIRE, :

Plaintiff :

vs. : CIVIL ACTION NO. 08-cv-04083-RBS

:

BARACK HUSSEIN OBAMA, a/k/a :

BARRY SOETORO, a/k/a :

BARRY OBAMA, a/k/a : JURY TRIAL DEMANDED

BARACK DUNHAM, a/k/a :

BARRY DUNHAM, THE :

DEMOCRATIC NATIONAL :

COMMITTEE, THE FEDERAL :

ELECTION COMMISSION AND :

DOES 1-50 INCLUSIVE, :

Defendants :

ORDER

AND NOW this ______day of October, 2008, upon consideration of Defendants,

Barack H. Obama and the Democratic National Committee???s Motion for a Protective

Order and Stay Pending the Decision on Defendants Dispositive Motion and Plaintiff???s

Response in Opposition thereto, it is hereby

ORDERED and DECREED as follows:

1. Defendants Motion for Protective Order Staying Discovery

pending the Court???s Decision on Defendants dispositive Motion is

DENIED;

2. Defendants are hereby ORDERED to Answer Plaintiff???s

Discovery Requests by way of Admissions and Request for

Production of Documents by October 15, 2008.

IT IS SO ORDERED

BY THE COURT:

R. Barclay Surrick, J.

UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF PENNSYLVANIA

PHILIP J. BERG, ESQUIRE, :

Plaintiff :

vs. : CIVIL ACTION NO. 2:08-cv-04083-RBS

:

BARACK HUSSEIN OBAMA, a/k/a :

BARRY SOETORO, a/k/a :

BARRY OBAMA, a/k/a : JURY TRIAL DEMANDED

BARACK DUNHAM, a/k/a :

BARRY DUNHAM, THE :

DEMOCRATIC NATIONAL :

COMMITTEE, THE FEDERAL :

ELECTION COMMISSION AND :

DOES 1-50 INCLUSIVE, :

Defendants :

ORDER

AND NOW this ______day of October, 2008, upon consideration of Defendants,

Barack H. Obama and the Democratic National Committee???s Motion for a Protective

Order and Stay pending the Decision on Defendants Dispositive Motion and Plaintiff???s

Response in Opposition thereto, it is hereby

ORDERED and DECREED as follows:

1. Defendants Motion for Protective Order Staying Discovery pending

the Court???s Decision on Defendants dispositive Motion is DENIED in

part and GRANTED in part;

2. Pending the Decision on the Defendants, Barack H. Obama and the

Democratic National Committee???s Motion to Dismiss, discovery is

stayed except for the following:

Defendants, Barack H. Obama and the Democratic National Committee are

ORDERED to turn over the following documents by October 15, 2008:

1. A certified copy of Obama???s ???vault??? (original long version) birth

certificate;

2. Certified copies of all reissued and sealed birth certificates of

Obama in the names referred to in the caption of this lawsuit;

3. A certified copy of Obama???s Certification of Citizenship;

I would not trust Obama with my piggy bank-he would tax it and spemd way more than what was in the piggy bank.

http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain/page/1

The article repigs do not want you to see

Bunch of morons

THE AFFIRMATIVE ACTION CANDIDATE!

NEVER IN THE HISTORY OF THIS COUNTRY HAS A PRESIDENTIAL CANDIDATE BEEN GIVEN SUCH A FREE PASS BY THE PRESS AND JUST ABOUT EVERYONE ELSE!

I AM WAITING FOR A BLACK PRESIDENTIAL CANDIDATE TO MAKE IT ON HIS OWN MERIT.

COLIN POWELL COMES TO MIND!

What became of true Christians?Heal this country please..

Obama Signals Less Union Oversight

The Labor Department's seven-year effort to improve financial reporting and disclosure by unions could come to a screeching halt once President Bush leaves office.

Sen. Barack Obama's support for ending federal oversight of the Teamsters is the clearest indication yet of how a Democratic administration would treat labor unions.

Both Obama and Sen. Hillary Clinton wooed the Teamsters in hopes of securing its coveted endorsement. But only Obama went so far as to say that government oversight had "run its course." The union endorsed Obama in February.

Since then, Obama's ties to Teamsters President James P. Hoffa have grown stronger. Hoffa has traveled with Obama on the campaign trail and acted as a surrogate on trade issues for the candidate.
Congressional leaders and their Big Labor allies also tried to water down financial reporting requirements. A dispute arose last year over the revised LM-30 form that requires union bosses to "disclose possible conflicts between personal interests and the officer's or employee's duty to the union and its members."

The Labor Department revised the rule to give the union rank-and-file more information about how their dues were spent. But union leaders such as John Sweeney of the AFL-CIO denounced the new reporting requirements as a "debilitating burden."

With promises from Obama to ease union oversight, and endorsements from congressional Democrats for the Employee Free Choice Act (H.R. 800), better known as the card check bill, Big Labor is salivating at the prospect of a return to "one-party government" in Washington next year.
http://www.heritage.org/Press/Commentary/ed051008a.cfm