Tea Party Lawmakers Torn Between Ideology, Reality

Paul Ryan 3 SC Tea Party Lawmakers Torn Between Ideology, Reality

WASHINGTON (Official Wire) — Twenty months into a Congress they have tilted rightward, tea party loyalists are finding that ideological purity can be elusive for conservative lawmakers trying to balance their convictions against constituents’ election-year needs.

Rep. Paul Ryan, who has won tea party praise as Mitt Romney’s vice presidential pick, had a General Motors assembly plant that was about to be shuttered in his hometown of Janesville, Wis., when he voted for the $14 billion auto industry bailout in 2008. The seven-term House Republican also voted for the $700 billion financial industry rescue that same year.

He has since criticized both efforts by President George W. Bush to combat that year’s near economic collapse. Yet his votes — plus his support for Bush’s 2003 debt-financed expansion of Medicare to provide prescription drug coverage — rankle conservatives to this day and underscore the challenge of adhering to small-government principles when voters’ bread-and-butter interests are at stake.

Read more at Official Wire. By Alan Fram.

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Report: Auto Bailout Cost Taxpayers $3.4B More Than Estimated

Barack Obama American flag 2 SC Report: Auto bailout cost taxpayers $3.4B more than estimated

The federal government’s bailout of the auto industry will cost $3.4 billion more than previously thought, according to revised estimates this week from the Treasury Department.

The department now says the taxpayer burden is $25.1 billion, up from the last quarterly estimate of $21.7 billion, Reuters reported Monday.

The 2009 federal bailout of General Motors and Chrysler continues to play a key role in the presidential election, particularly in the critical swing states of Michigan and Ohio.
President Obama has touted the bailout as a successful accomplishment in his first term. Romney has argued that the auto bailout was not such a success. He says many jobs were lost — particularly in Michigan and Ohio — which have still not been recovered. The high cost to taxpayers can only help Romney’s argument.

Democrats have repeatedly reminded voters of Mitt Romney’s advice to “Let Detroit go bankrupt,” the title of a 2008 op-ed that the Republican candidate wrote for the New York Times. In contrast, Obama’s campaign released a TV ad in May calling the intervention into the failing companies “the right thing to do.”

Read More at The Hill. By Alicia M. Cohn.

Photo Credit: The US Army (Creative Commons)

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Video: Refuting Obama: GM Bailout NOT Good For America

In this video, Professor Steve Horwitz advocates for free market economic policy. He refutes the often recited claim that “What is good for General Motors is good for America” by explaining that pro-business legislation encourages behavior that is not beneficial to society or the business itself. Obama really should watch some of his videos.

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Romney Ad Attacks Obama Support For Auto Bailout

Mitt Romney speech 3 SC Romney Ad Attacks Obama Support For Auto Bailout

WASHINGTON (AP) — Mitt Romney is attacking President Barack Obama’s support for the auto industry bailout in a new television ad.

The Republican presidential candidate is highlighting a General Motors dealer in Ohio forced to close in 2009. The ad blames the Obama administration for dealership closures across Ohio.

The spot is being released Wednesday, the same day Obama campaigns in Ohio.

Read More at OfficialWire. By Steve Peoples.

Photo Credit: Gage Skidmore (Creative Commons)

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Some FAIR Comparisons, Mr. Obama!

Obama Romney SC Some FAIR Comparisons, Mr. Obama!

The Obama campaign is now resorting to trying  to defame Mitt  Romney, his Republican opponent in the 2012 Presidential election. So let’s make some comparisons, shall we? Bain Capital was a company put together with PRIVATE money. It sought out companies that were financially strapped and took them over trying to save them. Former employees from those same companies starring in Obama’s attack commercials did not have INSIDER knowledge of finances, at least as far as I know. Since when does a company open their books to their employees? Anyway, Bain managed, in the worst case scenario, to at least delay the demise of about 25-30% of the companies that they invested in financially. The other 70-75% of the other companies went on to thrive. Bain didn’t lose one dime of taxpayer’s money. If you think any investment capital company should succeed 100% of the time, then you put up YOUR money and start your own company. Nothing is able to teach a lesson so firmly as real life.

On the other hand, President Obama has wasted over a BILLION dollars by giving loans to iffy “green energy” companies that have for the most part failed! Obama “rescued” General Motors with taxpayer money and by cheating the investors out of their investment money in order to maintain the ludicrous union contracts. However, one of the side effects of the deal was that an awful lot of people lost their jobs at dealerships that were closed. This is something the PROGRESSIVES would have screamed to high heaven about if the President was a Republican!

Mr. Romney released his tax returns for the last couple of years, but the Obama campaign is implying that Romney needs to release more because he may be hiding something. Obama’s campaign has even stated that Romney may be guilty of a FELONY because he might have “lied” to the Securities and Exchange Commission. This allegation has been proven false by the Democrats who now run Bain Capital. There is also an accusation that because Romney has a Swiss bank account, and probably others in Europe (as do many wealthy PROGRESSIVE members of Congress), Romney is involved in some nefarious financial dealings.

So, Mr. Obama, let’s investigate ALL your friend’s financial dealings and the wealthier members of  Congress to see who REALLY has something to hide, shall we? How about your buddy, CONVICTED felon Tony Rezko? How about we investigate the unions that back you and have been buying luxury resort properties with members’ union contributions? By the way, where is the union getting the money to pay for all those expensive junkets that union leadership have been taking the last couple of years? How about the financing involved in your obtaining that expense piece of property next to your mansion in Chicago? Fair is fair; isn’t that what you are trying to achieve, FAIRNESS? Why are you demonizing Romney for being successful when that IS the American dream? Don’t tell us that you, the President of the United States, don’t believe in what America stands for!

Your Chicago politics are dishonest, dirty, and thuggish. Winning at any cost, Mr. Obama, sounds like a chapter right out of Saul Alinsky’s communist “Rules for Radicals” manifesto. You talk about Romney taking America back to the policies that “failed” America when in fact America enjoyed one of the greatest periods of prosperity in its history. Haven’t you been advocating taking America “back” to the Clinton tax rates (naturally without the spending cuts and balanced budget that accompanied them?)

In fairness, Mr. Obama, the accusation of Romney possibly being a felon is going to come back and bite you. What would happen if Congress were to call retired Admiral Joe Sestak, formerly a Congressman from Pennsylvania, and former President Bill Clinton to testify about a possible violation of law by the White House. Joe Sestak has claimed that the White House offered him a high position in government if he wouldn’t run against turncoat Senator Arlen Spector. Obama apparently needed Spector’s “sure” vote in the Senate to give him a filibuster-proof majority to pass Obamacare. If that scenario took place, then it is a FELONY under Federal Law!

How about hiding documents concerning ”Operation Fast & Furious”  under the umbrella of “Executive Privilege”? Have you got something to hide, Mr. Obama, that just may implicate you and your Attorney General in an illegal gunrunning scheme across our Southern border? Americans and Mexicans were killed because of the  botched operation, so who is RESPONSIBLE,  Mr. Obama? Maybe you should stop concentrating on the sins of others and instead worry about your own!

I hope the American public is smart enough to concentrate on who can best solve our current economic and international challenges before America as we know it disappears. By the way, Mr. Obama, rumor is that you threatened Chelsea Clinton to keep the Clintons in line. Is that really true? America needs to take a good hard look at you before this election, Mr. Obama. I for one detest Chicago politics and the Al Capone mentality that goes with it. America is better than that; at least it used to be. Adieu!

Photo credit: Cain and Todd Benson (Creative Commons)

 

 

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