Archive for Attack on the Middle Class

Alex Jones speaks some truth on why the Lebron James saga does not matter

Posted in Alex Jones, Attack on Freedom, economic tyranny, Fiat Currency, International Bankers, International Monetary Fund, New World Order, Police State/Martial Law, Shadow Government, The Banking Cartel, The Constitution, The Federal Reserve, Truth/Freedom, Tyranny with tags , , , , , , , , , , , , on July 12, 2010 by truthwillrise

America will pay with cap and trade

Posted in Attack on Freedom, economic tyranny, Economy, International Bankers, New World Order, News, Stupid Government Tricks, Tyranny with tags , , , , , , , , on July 7, 2009 by truthwillrise
MCT News ServicePresident Barack Obama makes remarks on energy last month at the White House.

The U.S. House of Representatives recently passed major “cap-and-trade” legislation that aims to reduce greenhouse gas emissions by 80 percent by 2050.

But before lawmakers move on to the next hot issue (health reform? a second stimulus? Michael Jackson?), they need to give this legislation a makeover. If this version of cap and trade becomes law, we all will be paying for a wrongheaded bailout for Mother Nature.

The bill that passed the House just before lawmakers ran off for Fourth of July vacation is a stuffed turkey — about 1,500 pages in the end.

It goes well beyond setting federal energy policy. It would force states to meet targets for use of renewable energy such as wind and solar power.

It even would make rules for homeowners associations, which could no longer ban installation of rooftop solar panels.

The only thing more excessive than this bill’s ambition is its price tag.

The Congressional Budget Office predicts the average household will pay $175 a year in extra utility costs.

Outside groups say the bill’s per-household cost will be much greater, as much as $3,000 annually.

Why the expense? The bill pours billions of dollars into investments for clean coal, hybrid vehicles and nuclear power, to name a few.

There are arguments for increased federal spending in some of these areas, but not when they are tossed casually into much larger legislation.

The bigger drag on the economy will come as energy producers are forced to buying the rights to release carbon dioxide and other pollutants.

The concept makes sense, yet the aggressive 80 percent target means that utilities like Consumers Energy will be forced to make expensive investments on a government timetable. Or they will pay a premium for scarce emission permits.

Either way, homeowners and businesses will pay greatly.

The bill’s backers say jobs will be created as new energy technologies take root, yet they fail to account for the collateral damage to the U.S. economy.

Drastically higher energy prices will push companies to relocate out of the country or pass along their costs to customers if they do stay.

The public should demand less meddling, particularly as states, local governments, businesses and households all are moving to help the environment.

Michigan lawmakers adopted an energy bill last year that forces Consumers and other utilities to create more energy from the wind and sun. And they did it without Washington breathing down their necks.

What makes more sense now is for the Senate to scrap this legislation in favor of a more moderate version of this bill later.

Or if the Senate acts on its own version, perhaps House members like our own U.S. Rep. Mark Schauer — who voted for this bill — will change course and vote no.

Congress has a role in protecting the environment.

But in the case of greenhouse gases, its role should be to nudge people toward more responsible behavior.

This cap-and-trade bill is more than a nudge. For the nation’s economy, it is a push off the cliff.

The Decline of Thinking

Posted in Attack on Freedom, economic tyranny, International Bankers, New World Order, Police State/Martial Law, Stupid Government Tricks, Tyranny with tags , , , , , , on July 2, 2009 by truthwillrise
Butler Shaffer
LRC Blog

July 1, 2009 

The political establishment’s response to the global warming doubts raised by EPA researcher, Alan Carlin, is remarkable. The mantra chanted by one EPA official – and dutifully echoed across the media – is that Mr. Carlin “is not a scientist.” This fact, of course, has not kept Al Gore from becoming the patron saint of the environmental religion. (Gore received his PhD in which of the recognized sciences?)

 

  • A d v e r t i s e m e n t
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An assertion of this sort is evidence of the anti-intellectualism that has metastasized across academia and spread to other venues of expression. Universities have become so dominated by an insistence upon the inviolability of the “turfs” of various disciplines as to make one unworthy to speak on matters of which he or she has not been certified to utter opinions by fellow academics. There was once a time – many decades ago – when a “liberal arts” education was regarded as a means of introducing people to a wide range of subject areas that would permit them to think and speak intelligently on various matters affecting their lives. Collective thinking – which now permeates college campuses – rejects such an idea, conferring subject matter monopolies according to one’s acknowledged “expertise.”

 

When my “In Restraint of Trade” book was first published twelve years ago, an academic reviewer from a respected history department spent most of his time acquainting his readers with the fact that I taught in a law school and not a history department. The review ended up being little more than a strident defense of turf, and a condemnation of my efforts to focus attention on matters unfamiliar to historians.

I enjoy watching Jonathan Hoenig every Saturday morning on Fox News’ “Cashin’ In” program on investment analysis. He is a consistent advocate of free-markets, individual liberty, and private property. He recently stated that humans “must think in order to survive,” but that we have recently been “outsourcing” this function to others. Such a practice now prevails on university campuses, and helps to explain why academia is a source of so little original and meaningful thinking. Don’t wonder about what anything means: the “experts” whose jobs are dependent upon advancing the agendas of the political establishment will explain it all to you!

Obama continuing Bush’s assault on the middle class

Posted in Economy, New World Order, News, Stupid Government Tricks with tags , , , , , , on May 28, 2009 by truthwillrise

Despite receiving the majority of middle class votes, George Bush was one of the worst presidents for the middle class. Bush promoted  free trade deals that sent our jobs overseas, promoted amnesty for illegal immigrants, and greater guest worker programs while our borders remain unsecured.  Bush continued to spend to the point of breaking Lyndon Johnson’s record by increasing the size of government.  He borrowed  from nations that are not the friendliest such as China and Saudi Arabia contributing to the current financial crisis, while the federal reserve printed money out of thin air devaluing our currency. Bush passed massive tax cuts that favored the wealthy and did nothing to address the budget deficit.

Bush was denounced by his political opponents as a tool of corporate and oil interest. Obama was able to capitalize on Bush’s failed economic policies but, in reality, has continued Bush’s economic assault on the middle class. Obama spoke out against corporate greed but, along with McCain, supported the bailouts of Wall Street signed by President Bush. Obama’s second top source of donations was the financial firm Goldman Sachs which received billions in bailout money from the taxpayers. Obama appointed Timothy Geithner as Secretary of the Treasury who, as chairman of the New York Branch of the Federal Reserve, arranged the bailout of Lehman Brothers. Geithner also stated he is open to the idea of a global currency.

On spending, Obama has continued the same economic policies of the Bush administration of deficit spending and printing money out of thin air through the Federal Reserve. Obama supported the McCain/Kennedy amnesty bill in the Senate that Bush supported and vows to bring back so called comprehensive immigration reform as president. Obama flip flopped on the issue of reforming NAFTA during the democratic primary but has failed to address reforming it since then.

The middle class has been hard hit by the financial and foreclosure crisis caused by the economic and financial policies of Bush’s administration and now Obama’s. Massive immigration, both legal and illegal, continues. Our borders remain unsecure and the middle class continues to loose jobs due to the financial crisis and outsourcing.   

Obama is no friend of the middle class. He is a tool of international finance, multi-national corporations, the military industrial complex, and has strong socialist leanings. Many think socialism and financial capital are at opposite ends of the economic spectrum. This could be no further from the truth. Socialists want more customers for the welfare state to sustain their political power. That is why the democratic establishment supports massive immigration.  They want to increase their power base. They bribe voters with social programs. Many of these perceived leftist causes are financed by Wall Street financiers. The financial and corporate elites want open borders because they profit off the cheap labor and want a feudalist economic system.

Finance capital has bought off most of our politicians and media. Much like Socialism, monopoly capitalists want complete control of the economy and government. Think tanks such as the Council on Foreign Relations that many politicians including much of Obama’s cabinet are members of seek to dissolve American sovereignty and consolidate their power.  A strong middle class is necessary for a free Republic. Socialists and financial elites have common cause in weakening the middle class to consolidate their power and have control over both major political parties. The middle class, unlike left wing ethnic advocacy groups, foreign lobbies, corporate interests, does not have a lobby to advocate on their behalf.  Politicians need the middle class to get elected but most presidents abandon the middle class once they are in power.