Archive from February, 2009
6 Feb
2009
Posted in: Blog
By    Comments Off

Lindsey Graham Shows Strong Opposition To Stimulus Bill

South Carolina Senator Lindsey Graham discusses his opposition to the current stimulus bill.

He thinks that President Obama’s leadership has been “lacking” in his attempt to devise legislation that will resolve our current economic situation. Sen. Graham wants Obama to hold a bipartisan meeting at the White House where both sides can help create an economic recovery bill .

6 Feb
2009
Posted in: Blog
By    Comments Off

Republicans Poised To Win Stimulus Bill Battle

President Barack Obama is poised to suffer his first major political loss since announcing his candidancy for President of the United States two years ago. During the campaign…Obama inspired 53 million Americans to vote for him through his ideas of change, transparency, and unity.

The first two weeks of the Obama presidency has not lived up to this message at all as he has gotten off to a rough start trying to pass his stimulus bill through Congress. Victor Davis Hanson of The Corner on National Review Online even described the efforts of his administration as “laughable.” John Gibson of Fox News Radio took it a step further saying that he was “A JV player trying to play in the NBA…and right now he is getting schooled”

Obama’s biggest mistake so far was going after popular Conservative talk show host Rush Limbaugh by saying to House GOP that if listened to Rush they would get nothing done in Washington.

This arrogant stance fired up conservative talk show hosts and their audience, which gave Republicans in Congress a chance to use a variety of media outlets to criticize the Stimulus bill and show how outrageous it was to the public. This caused many Americans to bombard Capitol Hill with angry phone calls over the bill.

Now even with close to a 60 seat majority in the Senate it looks like the Stimulus bill may not pass as only 37% of the public support the bill in the latest Rasmussen poll. Now the Republicans are on the verge of a stunning upset on the scale of the Giants beating the undefeated Patriots. Just like New England, Obama was eventually going to lose a game even if his wide receiver (the Mainstream Media) was better than Randy Moss

After a very unpopular president, a badly run presidenital campaign, and two years of infighting, Barack Obama has done something that seemed impossible on election night. He has united the Republican Party around solid, conservative principles. So…On Thursday, February 5…I stand before you in amazement at “The Messiah’s” first “miracle.” Let us rejoice…and be glad.

5 Feb
2009
Posted in: Blog
By    Comments Off

More Tax Problems

http://voices.washingtonpost.com/44/2009/02/05/solis_senate_session_canceled.html?hpid=topnews

Labor Secretary nominee Hilda Solis’ Senate hearing was cancelled because her husband had to settle old tax liens. First Rep. Charlie Rangle, then Sec. Geithner, then Sen. Daschle, then White House chief performance officer nominee Nancy Killefer, now Rep. Solis. The Democrats have enough players to form a basketball team called the Washington Tax Evaders.

Sean Hannity: “…they themselves don’t pay taxes, so there’s no reason for them to worry about tax increases, right?”

5 Feb
2009
Posted in: Blog
By    Comments Off

Congress Eases “Buy American” Clause in Stimulus Bill

This From CNN:

“The Senate agreed Wednesday to soften a “Buy American” provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.

“The so-called “Buy American” provision in the $900 billion stimulus plan would have mandated that only U.S.-made goods be used in projects funded by the bill. Lawmakers who supported the provision said it would help jump-start the economy because it would help American companies.”

A good question to consider is – what projects will not be in-part funded by this massive 647 page spending bill?

Update: National Review has detailed much of the bill in this article.

4 Feb
2009
Posted in: Blog
By    Comments Off

Job Cuts

From CNBC, a list of companies set to layoff more employees:

http://www.cnbc.com/id/29014680

BIG list! It seems Obama’s alleged stimulus package isn’t going to stop the bleeding any time soon. Maybe that’s because it’s really a… spending bill?!

4 Feb
2009
Posted in: Blog
By    1 Comment

A Small Step Toward Stimulus Common Sense

The Senate has agreed to strip out a tax break for film studios that would have allowed film projects started in 2009 to qualify for an immediate 50% write-off.

The tax break would have amounted to $246 million. Thankfully it was deemed unnecessary since ticket sales for the month of January were over $1 billion.

$246 million is a pittance compared to the overall size of the bill, but common sense has to start somewhere. Hopefully it will grow contagious.

4 Feb
2009
Posted in: Blog
By    Comments Off

A Tavern Hangover

Last night I was discussing my latest entry to this blog with my smarter/better half and I was scolded for not being clear enough.

So I am going to briefly attempt to clarify my thoughts. As I stated, I am not suggesting the city should take over the day to day operation at Tavern on the Green. The Tavern has successfully attracted masses from all over the world for decades and should remain so. My argument revolves around the paltry returns taxpayers receive in exchange for what is potentially the premier entertainment venue this city has to offer.

We need to recognize that there are options beyond extending the existing agreement and not enforcing its by-laws or transferring it to a different bidder under the same or slightly better conditions. Take for instance the possibility of relocating the fashion shows (currently hosted at Bryant Park and looking for a new home) to the grounds at Tavern on the Green. The fees generated by hosting these two events a year would generate in excess of the $286k the restaurant paid the City last year.

Additionally, turning the Tavern into a state of the art, quasi- banquet/conference hall owned by the city and operated by a professional event planner for a fee would most probably also generate cash flow in excess of the $1M we are paid in rent too.

Assume for a second that the countless bureaucratic entities in the City’s administration were to host their events at a City owned venue rather than at the Waldorf, or the Marriot, or the Hilton. The fees from those entities alone are well over a million dollars a year!

We need to approach Tavern on the Green for what it is, a huge revenue generator that the city should be apporpiately compensated for. If the city does have a revenue sharing provision attached to the lease, then we should ensure that we are treated with the same transparency and generosity all other partners recieve, especially if the City demands the same preferrential lease rate.

4 Feb
2009
Posted in: Blog
By    Comments Off

Enemies at the Gates

A look around the world at some of our most well-known trouble spots is not encouraging. It seems that America’s stated and potential enemies are all testing the waters with more than just rhetoric to see just how strong our new president really is.

Let’s take a little tour:

Iran apparently launched a satellite into orbit Monday to coincide with the 30th anniversary of the Islamic revolution. If the reports of this event are true, we should be extremely concerned because that kind of missile technology could quite easily be converted to deliver a nuclear payload.

North Korea has entered a new temper-tantrum phase that has included sharply belligerent rhetoric toward South Korea and preparations for a long-range missile test.

China doubled the number of submarine patrols it executed in 2008, according to a report recently released by the Federation of American Scientists. This is only one sign among many that China is dedicated to building a larger navy to challenge America’s dominance as a naval power.

Tough economic times or not, this is not a time to be considering defense budget cuts like Obama proposed last week.

4 Feb
2009
Posted in: Blog
By    Comments Off

Obama’s Vetting Process, or Lack Thereof

What is going on over there at Chez Obama? Do his people know what a vetting process truly entails? I’ve seen kids get a more thorough going-over to get a job at The Gap.

First Bill Richardson withdraws as Commerce Secretary because he is part of an ongoing corruption investigation in his home state of New Mexico. Oops.

Then Timothy Geithner gets tripped up on his waltz to confirmation as Treasury Secretary because he failed to pay taxes. Big oops.

Next, we have Nancy Killefer, who withdraws her nomination for Chief Performance Officer at the White House because she didn’t pay taxes for her nanny. (Didn’t we go this route with a Clinton nominee years back?) This is also embarrassing, but maybe not so much because this post was newly created and no one was really sure what Killefer’s job was going to be anyway, other than to add another glorious layer of bureaucracy to a bureaucrat-heavy administration.

But the kicker has to be the withdrawal of Tom Daschle, nominee for secretary of Health and Human Services. Daschle’s march back from the political wilderness was stopped but cold by, yep, not paying taxes. Daschle said he withdrew because he felt he could not be effective in the post with all the controversy surrounding his nomination. Funny, I never thought he would have been effective regardless of the controversy.

4 Feb
2009
Posted in: Blog
By    Comments Off

James Tedisco Kicks Off Race for 20th CD

New York State Assembly Minority Leader James Tedisco has announced his candidacy for the 20th NY Congressional District, recently vacated by the appointment of Kirsten Gillibrand to the United States Senate.

Tedisco is a solid Republican who has represented Schenectady and Saratoga since 1982. In 2005, he was unanimously elected Minority Leader.

We look forward to his campaign. For more information, check out his campaign Web site.