With thanks to stockbroker extraordinaire Neal Nobel, website: (www.ubs.com/team/doublen) the debate in D.C. over various ways to avoid the fiscal cliff and solve our big deficit issue is basically on the margins.
As shown in the analysis, the differences under the best proposals by Speaker John Boehner, Plan B results in a rising federal debt and no significant throttle on federal spending.
In fact, Obama's proposal actually seeks to spend more money than committing to actual budget cuts, with the request for new economic stimulus money and extending unemployment benefits again. Obama leaves the unspecified budget cuts to the future. Of course, we recall we've been down this road before and the promised cuts shockingly never materialized as President Reagan learned in the 1980's.
If The Election Were Held Today, Would The Result Be Different?
Investor's Business Daily recently revealed several critical facts that were withheld from voters by the media and by manipulation of data by the Obama administration. Here is the list and you be the judge of whether Ohio, Virginia and Pennsylvania would have moved into the GOP column and resulted in a Romney Presidency.
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Obama "Said" Before Election |
Reality 12/12 |
1) |
"The economy's getting stronger ... confidence is growing." |
Weekly earnings for American workers have fallen 3.5% since Obama took over, a declining trend that has continued past the election. The Census Bureau reported after the election that the number of Americans in poverty grew by 712,000 people in 2011. A record 47 million people today are on food stamps - up 47% since Obama took over! |
2) |
Unemployed picture getting better |
Yes, unemployment has dropped to 7.7%. Only because hundreds of thousands of Americans have left the workforce. September and October, nonpayroll farm jobs were reported as rising 148,000 and 171,000, respectively solid gains. In early December, a new government jobs report highlighted that job growth was 146,000 in November, less than the 151,000 average since the start of the year. And it revised September and October job growth down by 49,000. What never gets reported is that 2.4 million people have left the workforce entirely over the same stretch - so there is no net real job growth. |
3) |
Obama quiet on new regulations |
The EPA is set to release a tidal wave of new rules to slash CO2 that will close as many as 332 energy plants, while costing the U.S. economy around $700 billion, according to the Manhattan Institute. The rules will hit Penn., Ohio and Virginia - especially hard. |
4) |
A balanced approach to taxes and spending |
CBO and OMB show spending will surge 55% over the next 10 years under Obama - nearly $2 trillion in added spending - swamping Obama's promised "cuts" of $880 billion. |
5) |
Raise taxes on only "millionaires and billionaires" |
"When Republicans tried to do just that, Obama said no thanks. In fact, he has major tax hikes in store for middle-class Americans - starting with ObamaCare's 18 or so new taxes, and ending with the admission of key Democrats such as former presidential candidate Howard Dean that taxes on everyone must rise dramatically to pay for the Democrats' spending orgy." |
6) |
Benghazi attack caused by Anti-Muslim movie |
In recent weeks, we've found that the film played no role at all - and that Obama and his national security staff did nothing to save the lives of those under attack, even though they knew the attack was ongoing. |
7) |
War on Terror is over and we won |
That isn't true. Governments friendly to al-Qaida, if not its aims, have taken over in Libya and Egypt. Syria may be next. For those who think the fight's done, think again. Quietly, Obama is sending troops back to Iraq to help stabilize the country. And he plans to send Army teams to as many as 35 countries in Africa to battle growing terrorist threats - mainly from al-Qaida. |
RIP Robert Bork
Judge Robert Bork passed away on December 19, 2012. He was a conservative intellectual and a brilliant constitutional scholar.
He of course was politically lynched. When nominated, he was rejected for the U.S. Supreme Court. All due to the left engaging in character assassination.
His death is a great loss. If you haven't read his great books, Slouching Towards Gomorrah: Modern Liberalism and American Decline and The Tempting of America, you need to. You will know what a great loss to us he is.
Also, Judge Bork was your editor's sponsor for admission to the U.S. Supreme Court bar.
TCR on the Air
Red, White & Blue featuring TCR Editor Gary Polland, liberal commentator David Jones and moderator Linda Lorelle on Fridays at 7:30 pm on PBS Houston Channel 8.1, replaying Sundays at 12:30 p.m. on Channel 8.1, Mondays at 11:30 pm on Channel 8.2 and on the web at www.houstonpbs.org.
Upcoming Shows:
Lieutenant Governor David Dewhurst
A Report On Juvenile Justice Reform - Is It Working?
State Senate Interview: Who will replace Mario Gallegos?
For a fun feature go to www.houstonpbs.org and under Red White and Blue, you can see commentary about the show and its guests by Gary and David each week. The current show as well as past shows are also available on YouTube.
About Your Editor
Gary Polland is a long-time conservative and Republican spokesman, fund-raiser, and leader who completed three terms as the Harris County Republican Chairman. During his three terms, Gary was described as the most successful county Chairman in America by Human Events - The National Conservative Weekly. He is in his fourteenth year of editing a newsletter dealing with key conservative and Republican issues. The last eleven years he has edited Texas Conservative Review. As a public service for the last 8 years, Gary has published election guides for the GOP primary, general elections and city elections, all with the purpose of assisting conservative candidates. Gary is also in his tenth year of co-hosting Red, White and Blue on PBS Houston. Gary is a practicing attorney and strategic consultant. He can be reached at (713) 621-6335.
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