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Archive for October, 2009

White House becoming more hostile to Fox News.

October 19, 2009 Leave a comment

For a White House that said they welcomed criticism they sure don’t like the fact that Fox News is covering them critically. In an attempt to banish Fox News from political discourse, the Whites House is stating that Fox News is not “a news organization”:

“It’s not a news organization so much as it has a perspective, and that’s a different take,” White House Chief of Staff Rahm Emanuel told CNN’s “State of the Union.” “And more importantly, it’s important not to have the CNN’s and the others of the world being led and following Fox, as if what they’re trying to do is a legitimate news organization.”

“It’s not really a news organization,” White House Senior Adviser David Axelrod said on ABC’s’ “This Week.” “We’re going to appear on their shows, we’re going to participate, but understanding they have a point of view.”

The only problem with this strategy is that the White House is now giving the same power to Fox News that it should reserve only for itself: a mega microphone with which to broadcast its point-of-view. You would think that the White House would’ve learned its lesson from tarring Rush Limbaugh, disparaging tea partiers and town hall protesters, and ridiculing Sarah Palin, but nope, this White House is tone deaf to everyone except its own ambitions.

By the way, liberal media outlets take note: once you start becoming critical of Obama you can expect the same to happen to you. This is a bad point in American history when the media comes under assault by a politician. This is to be expected in authoritarian regimes, but not in America. Hmm….

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Why are only a handful of Dems deciding the fate of 300 million Americans?

October 19, 2009 Leave a comment

Not a rhetorical question. During the campaign, Obama promised that he would be the most transparent president in history by putting debates on major legislation such as healthcare on C-SPAN and posting bills online. Well, neither has happened. It appears that the man who was a cipher during the campaign is continuing to be one while in office. Apparently the Baucus bill that is currently making its way through the Senate is not open to anyone other than a select few individuals from the Senate and from the White House.

Now, I’m not too upset about the fact that there is no transparency. Obama made a lot of promises during the campaign that turned out to be nothing but bluster. What I am upset about is that a group of about 10 Democrats, including Senate Majority Leader Harry Reid, Max Baucus, Chris Dodd, Rahm Emanuel, and HHS Secretary Kathleen Sebelius are writing a bill that will affect the lives of over 300 million people. Since when did we have kings in this country? How in the world do 10 people know what the needs and desires of 300 million people are? Worse yet, why do so many Americans not have a problem with this?

If this were the Bush Administration we would not be hearing the end of it from the media that Bush Administration is cutting secret deals with pharmaceutical companies, insurance companies, and the doctors. What the Obama Administration is doing is even worse: they are NOT including any of these industries in on the legislation. The insurance companies have now found out the hard way that the Dems are not to be trusted (one would’ve thought the minute the debate turned from health coverage for all to health insurance reform would’ve been the wake up call for the insurance industry) when Humana was issued a cease and desist order by the Obama Administration to stop giving out truthful information to its consumers and the entire industry is having its anti-trust exemption reviewed for putting up a fight against health care destruction (because what the Dems are engaging in is NOT reform). Big Pharma has seen the $80 billion deal go up in smoke. Under the Baucus bill, all major players (insurance companies, pharma, medical providers, doctors, and consumers) will see their taxes increase. Finally, Americans will be forced to start paying the bill NOW for benefits that will not start until 2013 at the earliest. Is this the kind of legislation that should be negotiated in back doors without public review? Are Americans willing to throw away their freedom because they are tired of paying for their own medical care? If you think the legislation is bad now, wait until this mess gets to conference with the House version.

Obamacare raises taxes on the middle class? Who knew?

October 19, 2009 Leave a comment

We were all privy to the number of times Obama told Americans on the campaign trail that he would not be raising taxes for anyone make less than $250,000 and that he was going to give a tax cut to 95% of working families even though we all know that at least 40% of Americans do not pay taxes (and never mind that he also said that after he cut taxes and raised spending there would be a “net spending cut” whatever that means). This promise went up in flames when he signed into law a .60 tax on tobacco. Cap and tax is on the shelf now, but by the Treasury Department’s own estimate (yes Obama’s own Treasury Department) if enacted it would raise the average family’s energy bill by $1,700. Now comes word that Obamacare would raise the marginal tax rates on middle class. According to the Wall Street Journal:

Think about a family of four earning $42,000 in 2016, which is between 150% and 200% of the federal poverty level. CBO says a mid-level “silver” plan will cost about $14,700 in premiums, of which the family will pay $2,600—since the government would pay the other $12,100. If the family breadwinner (or breadwinners, because the subsidies are based on combined gross income) then gets a raise or works overtime and wages rise to $54,000, the subsidy drops to $9,900. That amounts to an implicit 34% tax on each additional dollar of income.

In essence, if a person wants to get ahead he would be disincentivized from doing so because he would give up a major benefit for a slight increase in wages. We are used to hearing liberals tell us that people don’t respond to incentives and that taxes don’t matter. However, this is not the case in reality and we will definitely see many more people attempt to stay in a lower tax bracket to get a perceived monetary benefit in Obamacare. Indeed, as the Wall Street Journal continues:

The incentives for low-wage workers are especially perverse. The exchanges give them a huge break and then take it away gradually as their income goes up. Usually such phase-outs are used to make sure “the rich” don’t benefit from IRS dispensations, but here they will have a giant effect on decisions about whether and how much to work, since each additional hour worked reduces the subsidy.

Implicit in the above paragraph is that government programs do NOT help people escape poverty; it keeps them in poverty. Government handouts to people who did not earn it does not incentivize people to work hard and get ahead. If anyone would benefit from Obamacare not passing it is the working poor.

Stuff Accountants Like???

October 19, 2009 Leave a comment

Is that possible? Can bean counters have a sense of humor about their mundane jobs? Of course they can (otherwise I wouldn’t be posting this here ;-).  For all the accountants there’s a really cool site called, umm, Stuff Accountants Like. If you’re like me and looking for a good resource and just have some fun with like minded people, check it out in the Blog Roll section.

R.I.P. Irving Kristol

October 18, 2009 Leave a comment

This R.I.P. comes pretty late, but Irving Kristol was a conservative powerhouse who has done so much for the conservative movement. This is article gives some tidbits of some of the articles that Mr. Kristol wrote over his distinguished. Mr. Kristol once described himself as a “liberal mugged by reality” because everything that liberals dream up is so utterly contradicted by reality, or never works as intended. Count me among those “liberals mugged by reality”. His son, Bill Kristol, continues his great work over at the “The Weekly Standard”.  Please read the article below:

http://online.wsj.com/article/SB10001424052970204518504574421191607438668.html

Hello world!

October 18, 2009 Leave a comment

Hey everybody. My name is Chris Bolts Sr and this is my first time blogging on my website. I usually engage in give and take on other websites, but this is my first venture into the online world on my own and having to stand behind my own thoughts and ideas. It is kind of scary, but there are so many times where I have a thought that comes into my head and I want to share with the world, but unfortunately haven’t had a way to communicate it to the world. Well, I have decided to jump in headfirst and will now bring it – for lack of a better term.

I am one of those rarities in the political realm: a black conservative. I didn’t come to my politics overnight, but had to educate myself on several issues, including economics, political science, foreign policy, and social policy. Needless to say I am not an expert of any sort in either one of those fields (I do have formal training in economics, but that was through school), but I have strong opinions about them nevertheless. Hopefully what I contribute will be thought-provoking, but I do promise you that some of what I say will be controversial. However, I want conversation from all comers. Let’s engage in good political debate that enriches all of us.

By the way, if you ever want to follow me I am also on Facebook and Twitter. Have a nice day and I look forward to engaging on the issues with you!!