Home

OBAMA ADMINISTRATION SECRETELY IMPLEMENTS CAP AND TRADE RULES

8 Comments

09-06-2010 5:41 pm – John Wallace

Forget that GLOBAL WARMING ISN’T EVEN REAL and that the purveyors of this junk science were involved in a United Nations inspired scheme to defraud the industrialized world out of trillions of dollars via “Green” taxes and fees, the Obama administration has decided that you are going to pay anyway._________________________________
Liberty News: Forget about organizing to fight a proposed “Cap and Trade” bill that will continue to destroy America’s manufacturing base.

Forget that Global Warming was such a fraud that its Green Movement proponents had to change the name to Climate Change.

Forget about the fact that the Green Movement can better be described as the Watermellon Movement because although the Green Movement appears to be Green on the outside, it is also Red (communist) on the inside.

Forget about the truth. It doesn’t matter anymore because the Obama administration has secretely implemented draconian Cap and Trade rules anyway, totally disregarding the will of the American people and without giving them a chance to vote “NO” on the issue.

The Federal government has transferred a staggering $65 billion dollars from the private sector (via new taxes) to fund the Regional Greenhouse Gas Initiative (RGGI.) RGGI is government created entity, much like the corrupt Fanny Mae and Freddie Mac entities that destroyed the American real estate market, that is now choking companies in the northeast with huge tax increases in the name of saving the environment.

More

Federal regulations: Law-making by unelected bureaucrats

1 Comment

Note: Please compose your own letter!  Multiple letters, emails, faxes mirroring thousands of others are counted as only (1). 

Quote of the Day: “From where I sit, the government’s message is unmistakable: Creating a new job carries a punishing price.” — Michael P. Fleischer, President, Bogen Communications Inc., as reported in the Wall Street Journal

_____________________________________________________________

In this message . . . an explanation for the “jobless recovery,” and a cure for the problem.

Unemployment is still officially at 9.6%.

As the letter below indicates, we believe a large part of the reason for this is that federal regulations are constantly changing. Business owners don’t know what their unelected regulatory overlords will do next. This creates uncertainty about the future costs and benefits of hiring a new employee. We think this is why . . .

* Businesses aren’t hiring
* Congress should pass DownsizeDC.org’s Write the Laws Act (WTLA).

Please send your elected representatives a letter, telling them to introduce WTLA.

You may borrow from or copy this letter . . .

The Write the Laws Act would require Congressional approval for all regulations. This is a needed reform, because the unelected bureaucrats who today write and implement regulations are causing high unemployment by creating uncertainty.

You can begin to see how this is happening by comparing this recession with the one in 2000-2001. As James Sherk of the Heritage Foundation notes, the 2008-2009 recession led to a peak unemployment rate of 10.1%, whereas the 2000-2001 recession led to an unemployment high of just 6.3%. 

But here’s the most startling fact: Even though total unemployment was lower in the earlier recession, jobs losses were actually 2.6 million HIGHER than in the current downturn! The reason for this is very instructive . . .

The earlier recession had both more job losses and a lower unemployment rate, because more businesses back then were doing new hiring at the same time that they were cutting other jobs. By comparison, during this recession, businesses have stopped hiring, so all we have are the job losses, resulting in a “jobless recovery.”

This is happening because business owners don’t know what the government will do next. The exact same thing happened during the Great Depression. Back then GDP rose, but unemployment remained high because the New Deal’s laws and regulations were constantly changing. This made hiring risky. The economist Robert Higgs calls this problem “regime uncertainty.” More

Cointelpro, Provacateurs,Disinfo Agents.

1 Comment

This video reveals some of the ongoing activities of the government spanning many years to disrupt peaceful rallies, blogging, and any other attempts to register dissent or to disseminate information.  Government agents, police personnel and hired provacatuers attempt to incite violence, change blog postings to discredit writers and otherwise work to discredit every day citizens exercizing their rights. 

Confiscation of Private Retirement Accounts: US Departments of Labor and Treasury Schedule Hearing

24 Comments

09 06 10 Confiscation of Private Retirement Accounts

By Patrick A. Heller on September 1st, 2010 

“The US government plan is to eventually take ownership of all assets in IRAs and 401K accounts and replace them with US government “Treasury Retirement Bonds

___________________________________________

On August 26, the US Department of Labor issued a news release:

It lists the agenda for the joint hearings being held with the Department of Treasury September 14-15, 2010 on what is euphemistically called “lifetime income options for retirement plans.”  The hearings are being conducted by the Labor Department’s Employee Benefits Security Administration. I don’t like speaking in tabloid-style terms, but the unstated agenda of these hearings, as I understand it, is to push for the US government to eventually nationalize (confiscate) all assets in private Individual Retirement Accounts (IRAs) and 401K plans!

The US government is desperate to get its hands on private assets to help cover soaring budget deficits and debts, and this is simply the largest and easiest piggy bank that could be seized.  The Investment Company Institute estimates that at the end of 2008 that there were $3.613 trillion of assets in IRAs and $2.350 trillion of assets in 401K plans.

For more than the past ten years, I have warned readers that the US government was eventually going to go after private retirement accounts. Considered that as the most important reason to avoid establishing precious metals IRAs.  Very few other writers (Ron Holland being one) have picked up on this issue as early as I did.  In fact, the mainstream media pretty much ignored the subject even after a House Committee held hearings on the issue in October 2008. Obviously, an outright seizure of assets would meet stiff resistance from the public.  So the confiscation will never be described as such by government officials.  Expect to see terms such as “retirement income protection” thrown around.  It is highly likely that such a program would be implemented in steps to help overcome public opposition. More

%d bloggers like this: