Browsing Category "Blog"
5 Sep
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Self-Inflicted Injury

“As long as I’m in the White House, I’m going to stand up for collective bargaining.”

— President Barack Obama

September 5, 2011

For all you unemployed out there, that’s “Happy Labor Day” from your president.  Collective bargaining promises will do nothing to improve labor markets.  Are you still wondering why things haven’t improved?

Smarmier Democrats are wont to repeat the refrain that Obama will be elected because the Republicans have no one to offer.  Your opinion of Mitt Romney, Rick Perry, Michele Bachmann and Hermann Cain aside, this assertion grows thinner each day.  The latest polls Obama only garners 38% approval, and loses the projection of running against the generic Republican.  Yet we hear the media enthusiastically endorse the idea of one professor that Obama can’t lose.

I suspect that the reason that many Democrats cannot seem to accept the cold fact that Barack Obama has failed as a president, at least judged by the American people,  is that they are blinded by their hatred of former President Bush.  Party Democrats created the media image of Bush as the “worst president ever”, or close to it.  Bush was independently accused of promoting torture and mass-murder (and was compared to Nazi leader Adolph Hitler and Pol Pot, as well as labeled the world’s biggest terrorist by some groups), for supporting the “rich” at the expense of the middle class and eventually branded a Wall St. sell-out, a Constitution destroyer, and a utter moron besides.  Many Democrats believed that George W. Bush was a corrupt leader capable of destroying the country, and a sizable number were convinced he was trying to establish a Christian theocracy (with former Attorney General John Ashcroft).  Granted the more extreme claims were not mainstream thought, the underpinnings were laid carefully by liberal academia.

The Left, as a result, has inherited from the Bush years a political tunnel vision.  Extremely self-satisfied and unrepentant, they are too clever by half.  In their reckoning, the Bush smearing proved to the country once and for all that Republican administrations are evil, and it would never turn back.  The party praise the austerity from authority, and believe that it is good for the conscience.  Obama and his party see that we must learn to live within our environmental and imperial means.

Luckily, the number of people who are still duped by this delusional thinking is dwindling.  It is President Obama, not President Bush, who may come to be considered one the most ideologically minded of all presidents.  Although this is a stunning reversal of common wisdom, current data supports this hypothesis.

Recent polls have Obama losing support among critical Democrat voter groups such as women, hispanics, and blacks.  General unemployment is not expected to fall below 9% for years.  Underemployment hangs at just below 20%.  Unemployment is highest among black youth.  Obama’s policy initiatives have failed to ignite the economy recovery engine.  The global economy worsens with America in her weakest financial position perhaps ever.

While Democrats felt justified in their final assessment of the Bush economy after the market collapse of 2008, they drew the wrong lessons.  Bush the Spender had bankrupted us, not Bush the Capitalist.  Bush the Capitalist had delivered low unemployment and prosperity.  Low unemployment and prosperity were a result of Bush the Capitalist.  Obama is Bush the Spender Plus, and doesn’t have a capitalist bone in his body.  Consider government spending a barometer of the level of government activity in the economy.  This number has increased, not decreased under Obama, and his policies create further legal and financial ambiguity.  Recession calls for government retreat and lessened regulations and a stable, predictable fiscal picture.  It has been as if President Obama is blind to the recession, and has one fixed goal of institutionalizing the legislative priorities of his party.  Curiously, all major policy decisions by the Democrat party in the last few years have been anti-growth and pro big government.

The bitter irony for so many patriotic Democrats is that the country was behind them in 2008 and willing to give their policies adequate time to effect improvement.  The Party, instead of recognizing the perilous situation that the nation’s people were in and freeing up our economy through lower taxes and less regulation, chose to stick to its own political ambitions.  The silver lining for those who are uninterested in radical political change is that the lingering unemployment crisis is too much for their constituents to take.

Bush hatred later became engendered in the phrase “Bush Derangement Syndrome.”  Perhaps the failure of a liberal icon in the presidency may be the cure for this so-far persistent condition, as they realize what total failure actually looks like.

3 Sep
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Bob Turner, Tied with Weprin, earns Daily News endorsement

Bob Tuner was recently endorsed by the New York Daily News, which wrote:

With no name recognition and little money, he scored an astounding 40% of the vote against the well-known Weiner last year. And the polls now put Turner within easy striking distance of Democratic rival David Weprin.

Turner has the right central priority: tackling the federal deficit and creating a climate for job growth.

Recent polling has Turner tied with Weprin to replace disgraced Democrat, Congressman Anthony Weiner.

To get involved with or donate to the Turner campaign, visit his website

31 Aug
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What an Eagle Might See

Looking down today at the ravaged society that post-Constitutionalism has created, the observer is struck by a multitude of standout examples that illustrate the current-state of the decay.

In his denouncement of Andre Carson’s recent remark that “some of them in Congress right now of this tea party movement would love to see you and me … hanging on a tree”, Republican and Tea Party leader Allen West threatened to leave the Congressional Black Campus, to which Carson belongs;

Exxon Mobile sues the Federal Gov’t after having its leases prematurely terminated;

The number of deaths in Afghanistan of U.S. troops hits an all-time high of 66 troops in the month of August 2011;

A stock market expecting QE3;

A president at an all-time low approval rating among women;

Unemployment stuck in high gear;

Debt, debt, and more debt;

What one singular attribute do all of these diverse events have in common?  One man and his party – President Barack Obama.

Acrimony is practically blatant.  The murderous racial image of lynch mob is being hurled by Senior Democrats in Congress at their opponents.  A black man defends his own Republican party against charges of racism.

A major firm sues the Federal gov’t for essentially cancelling its right to drill for oil.  Not only does this suggest that the Federal government is in fact bullying oil and coal companies, but it is also interesting to surmise that perhaps Exxon has decided to publicly turn on the sitting president.

A revolting number of U.S. military were killed in Afghanistan this month.  The war wages on bloodier than ever, without much notice by the Democrat party constituents who were broadly “anti-war.”  The administration seems as unfocused on Afghanistan as it is on Iraq and even Libya.  America finds herself embattled in three wars that the press largely overlook.

An economy shaken to its core and just limping.  A record number of citizens are getting food stamps, and unemployment remains elevated at at least 9%.  National debt remains a concern, as does government spending.  Banks are beginning to lend, leading many to suspect that the long awaited widespread inflation may be around the corner.

And in foreign lands America’s foes grow stronger and more brazen.  The middle east brews with uncertainly in its transitional period from long-time dictatorships.  China builds its military.  Russia remains untrustworthy and seems prepared to work directly in concert with our greatest enemies.

This is a time of American weakness in the world, as chosen by the Democrat party.  This cynical, rogue administration and previous Democrat Congress have done nothing substantial since taking office besides implementing huge chunks of their state-centered agenda, including nationalizing the healthcare system.  The depression continues indefinitely as our government pursues its of returning American into one giant nature preserve, save what the government says we can (and likely must) do.

It should be obvious to us is that government is causing rather than addressing this decline.  Conservatism and strict adherence to the principles in the American Constitution will liberate the people, the economy, and the spirit like a breath of fresh air.  In the meantime we must ride out the storm, and organize quickly for the next election.

30 Aug
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September Monthly Meeting with Guest Margaret Hoover Tonight! September 15th

September Monthly Meeting with Guest Margaret Hoover Tonight! September 15th
7:00 – 8:30pm   
WNRC, 3 West 51st St between 5th and 6th Avenue 
Guest speaker:  Margaret Hoover, has been a lifelong member of the Republican party. She worked in the White House for President George W. Bush and also served as a senior advisor to the Deputy Secretary in the Department of Homeland Security. Today, Margaret is a political commentator for Fox New’s O’Reilly Factor. In her new book “American Individualism”, Margaret Hoover challenges the up and coming millennial generation to take another look at the Republican Party.   
Copies of speaker Margaret Hoover’s book, “American Individualism: How a New Generation of Conservatives Can Save the Republican Party”, will be available for signature and sale for $20 after the meeting to be signed.    

Free Event, First event or coming alone? Let us know and we’ll introduce you around!  
Business attire required. No jeans, sneakers, hats, sweatshirts, etc.
Join us in the Pub afterwards for drinks, food, and discussion. Cash Only    

Reserve your copy of the book now!   

15 Aug
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Fareed Zakaria: Pseudo-Elite

One of the irritating consequences of actually studying history and economics is that the feigned thoughtfulness of familiar talking heads become all but unbearable.  Enter one Fareed Zakaria.

Mr. Zakaria, author of The Post-American World, a book “not … about the decline of America, but rather about the rise of everyone else” and host of CNN’s GPS (that’s “Global Public Square”), studied at Yale and Harvard, notably under the famed historian Samuel P. Huntington.  He is also the former Editor of Newsweek magazine’s International Edition.  With that pedigree and a Ph.D. to boot, one would think Zakaria could render a semi-sophisticated analysis of current events.  Which brings us to his article on today.

Entitled “China’s not doing us any favors,” it proceeds to explain that the Chinese must continue buying our t-bills in order to keep their currency devalued and fuel their strategy of “export-led growth.”  Although Zakaria declines to explain exactly how this works, it’s relatively simple: China buys U.S. debt with new renminbi, keeping their exchange rate artificially low, and thus Chinese goods relatively cheap for American consumers.  So far, so good.

What is astoundingly short-sighted is Zakaria’s conclusion, which he makes clear up-front:

The economic situation between China and the U.S. is the financial version of mutually assured destruction – that cold war doctrine of nuclear deterrence. If you destroy me, I will destroy you. [emphasis in original]

While it may be true that China must, in the short term at least, continue to buy U.S. debt to artificially prop up its economy, the long term presents grave problems for the United States.  To understand why, one must consider that trajectory of U.S. debt under the Boehner plan, ahem, is headed to $23 trillion (up from approx. $14.5 trillion today) in a mere 10 years – or about 150% of annual GDP.  This is simply unsustainable and will almost certainly end in a kind of default.  China, meanwhile, by accumulating our bonds, continues to accrue leverage over the United States.  Even a threat to drop a significant portion of our debt would have steep implications on the interest rate at which our government currently services its loans.  In other words, the Chinese could threaten our ability to borrow by insinuating that we are not credit worthy.  Such action may come at an opportune time for the Chinese; say, when they decide that Taiwan really does belong to them.

At that point, although the finances of Beijing may take a hit, it will be America who will face an ultimatum: cut spending drastically (likely ending entitlements as we know them), or massively raise taxes (in effect, socializing the economy and seizing private sector assets).  One can speculate based on past events that American leaders will not touch entitlements, but instead choose to curtail our economic liberties even further.  China, whose citizens have never known the freedom of Americans, have relatively little to lose.  It’s America who stands to lose her heritage from this relationship; the Chinese communist party will endure the suffering of their people as they always do, imprisoning, torturing, and murdering any noisy protesters who may attract international attention.  “If you destroy me, I will destroy you.”  I answer that while China, if it so desires, can destroy American freedoms, there are no Chinese equivalents for America to threaten; the communist government already owns its citizens lives, cradle to grave.

Zakaria’s analysis fails see past the short term of 5 years.  Meanwhile, his CNN viewers (probably not very many) are lulled into thinking that mortgaging America’s future to a hostile foreign government is quite safe, because the Chinese communist economic strategy is to fuel exports by artificially low exchange rates.  Other commentators, like Mark Steyn, have focused on the fact that America’s interest payments to China finance the entire Chinese military budget.  This is a concrete example demonstrating the unintended consequences of our own government’s profligacy.  Yet perhaps more profound is the unspoken diplomatic leverage that China is aggregating, and the existential threat that reckless borrowing poses to the very fabric of our republic.

No analysis is perfect, and human speculation as such is subject to unknowable future events.  However, in not mentioning the mid-range consequences of borrowing to his audience, Zakaria has exposed himself as an unserious thinker.  Either out of genuine lack of foresight or deliberately ignoring ultimate consequences, he fails to inform his audience of a potentially catastrophic policy of lending away American sovereignty.

P.S. – By no means is Zakaria alone in his superficiality: Paul Krugman, the allegedly intelligent economist who dons a Nobel Prize, told Zakaria on GPS that to fix our economy, we should gear up for an alien invasion.  Can’t make this stuff up.  We don’t need a false threat of space aliens, but renewed faith in common sense.  Borrow less, spend less, produce more.  I quote the great George Orwell, who reminded us to first observe the obvious: “To see what is in front of one’s nose needs a constant struggle.”

14 Aug
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More New Yorkers Disapprove than Approve of Obama

More New Yorkers Disapprove than Approve of Obama
by Chris Edwards

The first New York poll released after the conclusion of debt ceiling negotiations shows a striking slump in support for Barack Obama in New York.  A Quinnipiac University poll released on August 12 shows that 49% of New Yorkers disapprove of his performance, while only 45% approve, reflecting a sharp drop in his approval rating, by 8 points, from the previous Quinnipiac poll released on June 29.

Particularly noteworthy are Obama’s approval ratings among:

·         Independents (36% approve, 58% disapprove)

·         New York City residents (57% approve, 31% disapprove)

·         Democrats (75% approve, 19% disapprove)

·        Union households (46% approve, 49% disapprove)

Compared to Obama’s performance in 2008, his support has eroded among New Yorkers, both statewide and in New York City, by approximately 28%.  He won 62.9% of the votes cast statewide in 2008, as well as 79% in New York City.

Declines in support for Obama may be harming other Democrats.  For example, the Democrat hoping to succeed fellow Democrat Anthony Weiner to represent portions of Brooklyn and Queens in Congress is ahead of GOP candidate Bob Turner by only six points (48% to 42%), perhaps due in part to popular former New York City Democratic mayor Ed Koch’s endorsement of Turner.

The significant erosion in Barack Obama’s support in a state and city in which he won some of his highest vote totals in 2008 should be of serious concern for Democrats.



12 Aug
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Mid-August Musings

Here are some thoughts, mostly conservative, of no particular relation.

1. Manhattan Mini Storage has arguably the most vile ads of any company that advertises on the subway.  I’d rather learn where one can get clear skin, where to sign up for a study on heroine abuse, or how to manage impotence than be surrounded by MMS’s anti-Republican/conservative propaganda.  Apparently the city is so dependently liberal that instead of hiring a marketing department to generate sales, they merely repackage MSNBC’s drivel and add their logo.  From tasteless abortion jokes to mundane hatred of Sarah Palin, the only thing that surprises me is that liberals can actually run a successful enterprise.  Maybe it’s run by savvy/cynical conservatives?  Speculation aside, it does offer more evidence to support my belief that liberalism is a kind of religion in this town.  (Think about it: As a Republican, would political affiliation ever enter your mind when choosing a warehouse?  Or for that matter, a mechanic, travel agent, or plumber?)

how original!

2. It’s incredible to me the difference in opinion between so-called “stars” and ordinary Americans.  Not a day goes by without a celebrity making an utter fool himself, opining on the issues of the day.  Recently we were treated to another such incident from the always willing to sound off Matt Damon.  Apparently, according to Matt, people go to work because they love it, not because they are provided incentives (such as pay, promotion, benefits, etc.).  When the cameraman dared offer one sentence of dissent, the brave Matt cursed him out.  You see, he not only gets paid millions per movie to act like a tough guy on film; no, he walks the walk, too.  If somewhere a cameraman suggests that even one bad teacher may exist, Matt’s ready with a snarky expletive laden insult.

3. A lot of comparisons are being made between today’s economy and the economy of  the 1970’s.  Jimmy Carter, widely regarded as the most liberal president before Barack Obama, lost his re-election bid in a crushing defeat by Ronald Reagan due to stagflation.  Reagan was elected, implemented conservative policies, and unleashed the creative energy of Americans that led to economic boom.  Obama’s liberal policies have created a modern day Great Depression, and again Americans are looking to conservative leaders (particularly in the Tea Party) for solutions.  This being said (and understood), why is it that only 30 years later, so many people are perplexed that liberal policies are again failing miserably?  Has the collective memory suffered amnesia to this level?  Is this the legacy of public education?  Honestly, I don’t get it.

4.  I was very fortunate tonight to be seated in the president’s seats at Yankee stadium.  (Bad game for the Yanks… lost 5-1 and CC got rocked by 5 homers.)  Someone had won the tickets at auction and asked me if I wanted to come.  What I did not know until tonight was that Randy Levine, president of the Yankees, was in the Reagan administration.  He also served in NYC government as Deputy Mayor for Economic Development.  The seats, as you would imagine, were great: mezzanine level between home plate and first base.

5. Two of my favorite commentators are Mark Levin and Mark Steyn.  Both are funny and intelligent, and have a good dose of curmudgeonly hard-headedness (a quality integral to conservatism) to keep them from becoming cheerleaders for the Republican Party.  So, you can imagine my pleasure when Steyn joined Levin on his radio program to promote his new book, After America: Get Ready for Armageddon.  You can listen to their conversation about America’s precarious  financial condition, cultural divide, and prognostications for free by downloading the August 9 Levin program for free here.  The interview is the last segment of the program.

7 Aug
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Forget Great Recession, and Welcome Depression 2.0

Years of denying the laws of economics their final reckoning, while refusing to cut spending and tighten our belts, have brought us (and Europe) to the edge of another economic cliff.  Futures markets are pointing downwards after the S&P downgraded America’s debt, and European leader spent the weekend trying to prevent Italy from defaulting.

From MarketWatch:

U.S. stock futures were trading sharply lower in Asian trading hours on Monday after rating agency Standard & Poor’s lowered its rating on U.S. debt to AA+ from AAA late Friday. In addition, Europe is continuing to struggle to contain its sovereign debt woes and said over the weekend it will actively implement its bond-buying program in an effort to calm markets.

To quote President Obama’s erstwhile spiritual leader, “America’s chickens have come home to roost.”

The decisions facing America’s policymakers, the Administration and Congress included, is whether the monetary is to remain expansionary (e.g., implementing QE3, which seems at least somewhat likely) and whether fiscal policy is to remain in deficit mode, or to reverse course completing, admitting error after 2.5 years of misguided policies and partisan handouts.

One thing seems certain: President Obama’s re-election prospects have been damaged mightily by his administration’s economic ignorance.  For the president to once again pursue policies that perpetuate reckless spending seems unconscionable, and Republican’s should use this opportunity to sound the clarion call anew for fiscal sanity and significantly smaller government.

1 Aug
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Kickin’ the Old Can

The big news last night and this morning is that Congressional leaders have agreed on a plan that the White House isn’t threatening to veto.  The deal, as reported by CNN, includes $2.4 trillion in spending cuts “savings” over the next decade, does not raise taxes, and raises the debt ceiling by $400 billion immediately, followed by another $500 billion pending Congressional approval.  Finally, a commission is established whose goal will be to identify how to shave $1.5 trillion off the deficit (debt?) by the end of November.  As CNN explains,

If the committee’s recommendations are enacted, Obama would be authorized to increase the debt ceiling by up to $1.5 trillion. If the recommendations are not enacted, Obama can still raise the debt ceiling by $1.2 trillion. At that point, however, a so-called budget “trigger” would kick in, imposing mandatory across-the-board spending cuts matching the size of the debt ceiling increase.

Sound reasonable?  Consider:

  1. The committee, who will be responsible for the brunt of the task, will have the authority to raise taxes.  Boehner may have avoided immediate tax increases, but in another few months Democrats will likely again be clamoring for higher rates.
  2. $2.4 trillion over a decade works out to $240 billion/year, a paltry 15% of the expected $1.6 trillion deficit in 2011.
  3. In fuzzy D.C. logic, the $2.4 trillion in “savings” assumes a baseline increase of federal spending by 8% annually, and works off that assumption.  In other words, if the federal government’s spending increases by “only” 5% per year, as opposed to the planned 8%, this is considered savings, even though total spending has still increased.
  4. Constitutionally permissible defense spending will be on the chopping block.  The agreement does nothing to slow the growth in the boondoggles that are domestic spending programs, such as the atrociously suffocating Obamacare.
  5. Entitlements remain untouched.  Somewhere between $60 – $100 trillion in unfunded liabilities exist and are still being ignored.
  6. Republicans have spent virtually all of their political capital, and worn the country’s patience thin.  Cynicism abounds.

Imagine, if instead of working with Democrats, Republicans mounted a huge public relations campaign to bolster support for the Ryan budget and the Balanced Budget Amendment.  Entitlement reform, credible deficit reduction without taxes, and long term financial health could have been achieved.  The plan was popular with the people, as was the Balanced Budget Amendment.

Those of us who don’t think like the Beltway cretins should not deceive ourselves; the establishment kicked the can down the road with this compromise, will spend more of our money that we don’t have, and proved once again that our elected officials are far out of touch with the public.  Tea Party activists, despite being dumped on by the mainstream media, despite being called “hobbits” by the reactionary Wall Street Journal, despite being regarded as sub-humans by what many rightly refer to as our “ruling class,” are more in line with the vast majority of Americans than ever before.

Drivel like this won’t much longer be tolerated.  (“The trigger,” writes Julian Zelizer,” to this crisis, which threatens the health of the nation’s economy, was an aggressive move by tea party Republicans — hesitantly supported by the House leadership — to hold routine debt ceiling legislation hostage until they received exactly the spending cuts they demanded.” emphasis added)  What threatens our economy, and frankly our Republic, is not spending cuts, but a debt and government that looks like it may swallow the entire American people, enslaving them to their government and its rationing/regulations as the British are enslaved to theirs.

I consider this a lost battle.  Millions remain unemployed and the economy stagnant, even as Washington pats itself on the back.  National debt and spending will both increase as a result of this deal, likely with taxes.  The Republican leadership has shown themselves not as opponents to endless debt and decline, but instead as co-conspirators.  Serious activists looking to restore fiscal sanity must redouble their efforts, and pin all the failures of this compromise on Obama, Reid, McConnell, Boehner, and Liberalism.  Our case for cutting spending will be easier to make as a result of such pathetic half measures, even as our situation grows more perilous.

Surely such indecisive and gimmicky legislation is indicative of a great nation committing suicide.  A speaker more concerned about acceptance by the news media than the future of his country and welfare of the disenfranchised, and a president determined to fundamentally change our longstanding institutions – two so-called leaders complacent with a deal that does virtually nothing but maintain the status quo.   For my part, to aid in understanding, I’ve undertaken reading Saint Augustine’s City of God, which traces the decline of the Roman Empire through the erosion in character of its citizens.  Does the American citizen possess enough fortitude to overcome an entrenched and reckless lawmaking and bureaucratic establishment, hellbent on destroying what remains of American freedom?  Is there enough resolve in Conservatives to fight back the socialists, and those who would centralize the most trivial decisions, from the type of food you eat to what you use to light your home?  Do Americans retain a self-confidence enough to tell their rulers to buzz off, or will they look to government to manage their finances, health care, energy consumption, transportation, and diet?   This remains the question of our day.

Wait until 2012, they said.  Now we’ll have to.  To win the next battle and eventually the war, conservatives must retake the Republican party.  Squishes must be primaried and Democrats defeated.  When two-thirds of the citizenry approve of a balance budget amendment, the odds favor us.  Boehner must be replaced by a leader who understands what is at stake, and who can communicate with and echo the will of the people.

29 Jul
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Charles Krauthammer, Thomas Sowell, Rich Lowry, Mona Charen, WSJ Editorial Board.  All these sources and more support the fuzzy and feckless Boehner plan.  So many of the voices that conservatives can depend on are falling like dominoes, and “getting their asses in line” for the Speaker.  I say puke.

What good does it do to pass a plan that does not seriously address threat of insurmountable debt?  Why, of all people, Prof. Sowell is on board with this I cannot understand.  Speaker Boehner’s plan will push off the difficult decisions to a committee of Republicans and Democrats, and in the short term give Obama more money to spend.

The Republican Party, despite having the support of the vast majority of the country (2/3 support a Balanced Budget Amendment!), has caved.

The few remaining holdouts include the two Marks, and Sarah Palin.  John McCain, for his pathetic part, has joined the WSJ calling the Tea Partiers “hobbits.” A disgraceful smear that says much more about McCain and the WSJ than it does normal, concerned, and engaged Americans.

Right now – the debt ceiling debate – is the time to fight Obama and stop his agenda.  At least that’s what conservatives were told when Boehner previously capitulated to the Democrats over the continuing resolutions.  Now we’re being told 2012 is when we’ll make our stand.  Speaker Boehner, you look like Neville Chamberlain more and more everyday.  For somebody so concerned about your daughters, it’s very odd that your timidity overshadows any courage.