A Republic In Peril ;

Global Commie Corporate
Unionists Criminal Thievery
Against The Taxpayers ;

There are those
who have been talking
about a single global regulator
for years and as a result of the
2008 Credit Crisis, there have
been calls to protect you and
me from future banking crises
through new financial reform.

However, we had better
consider its real impact.

It is not about protecting you
and me it is about changing the national
regulatory laws of America to conform
to a world governmental system and
globalizing the last barrier separating
individual nation-states.

It is about a major power grab
of America's financial assets.

As a result of the high stakes, we
should ask if Republicans are being
told they had better vote for financial
reform so we don't have another
September/October, 2008?

All of a sudden Senators McConnell
and Shelby have had a sea change and
are willing to work together on changing
our banking system.

It is a ruse,
a con game when they say
they are making the system safer.

Let us review some necessary points
http://www.newswithviews.com/Veon/joan168.htm

Opposing
The Global Commie Corporate
Unionists Criminal Taxpayer
Handout Agendas Of The Week
http://thehill.com/

The Global Commie
Corporate Unionists
Criminal Taxpayer Handouts
Agenda Of The Week ;

Once again the major issues
for the week will be on the Senate
side with possible consideration of
a financial regulation overhaul bill and
the possible introduction of a climate
change bill by Senators Kerry, Graham,
and Lieberman.

The House will be taking up three
smaller measures this week focusing
on misspent federal funds, defense
acquisition, and Puerto Rico.

Though the defense acquisition
bill received complete bi-partisan
support out of the House Armed
Services Committee and is lauded
as a bill that would save taxpayers
billions of dollars it is more likely to
increase bureaucracy, add more
regulation, create a slower and less
efficient acquisition system, and
continue a risk adverse mentality
at the Pentagon
http://blog.heritage.org/2010/04/25/house-and-senate-cloakroom-april-26-30-2010/

Global Commie Corporate
Unionists Criminal Taxpayer
Handouts ;

Special interest handouts
are not a pretty sight.

Perhaps that is why
lawmakers buried their
latest one inside the bill
reauthorizing the Federal
Aviation Administration.

Unfortunately putting handouts
out of sight does not make them
any better for the economy.

At issue is the fierce competition
between FedEx and the United Parcel
Service (UPS) in the package delivery
business.

While UPS
must collectively bargain
with the Teamsters, FedEx
remains union free.

The Teamsters and UPS
are jointly lobbying Congress
to transfer jurisdiction over FedEx
to the NLRA to make unionizing FedEx
employees easier.

The Teamsters want more
dues-paying members to shore
up their shaky finances.

UPS wants the Teamsters
to raise their competitor's costs.

Lost in the middle of the lobbying
blitz is the health of the economy.

Saddling FedEx with union work rules
and collective bargaining would raise
their costs, forcing them to raise prices.

Americans will have to pay more
to ship parcels, leaving less money
to spend elsewhere.

And if the Teamsters did strike
against FedEx hubs it could paralyze
package delivery for millions of small
businesses - the two week UPS strike
in 1997 cost the economy
billions of dollars.

Making businesses less competitive
is bad policy in normal economic times,
much less in a severe recession.

However, Organized Labor
is no ordinary interest group.

Labor unions spent
hundreds of millions of
dollars electing President
Obama and the current
Congressional majority
and they want payback
http://blog.heritage.org/2010/04/26/a-special-delivery-for-ups-that-could-change-fedex-overnight/#more-32213

Because the government
chose to bail-out insurance
giant AIG following losses on
derivatives contracts, Congress
has decided that customers who
buy and sell derivatives, not just the
banks that trade them,
have to post collateral.

But even if there is a case
that very big players - such
as AIG or Berkshire - represent
"systemic risks," justifying a capital
requirement, the Senate bill is a massive
over-reaction, requiring every buyer and
every seller to post collateral
for every trade.

Perversely, the burden of collateral
requirements won't be felt most harshly
by the big boys (Berkshire has plenty
of cash), but by small users who
represent no systemic
risk whatsoever.

The result will be
that derivatives are more expensive,
and used less often to mitigate risk
http://blog.heritage.org/2010/04/26/the-berkshire-bailout-congress-misunderstands-markets/#more-32196

Global Commie Corporate
Unionists Criminal Economic
Voo Doo Does Not Work ;

Economists argued consistently,
forcefully, and to the intense outrage
of proponents that the Obama stimulus
would stimulate the national debt,
but not the economy.

The reason for the failure
is simply that increasing deficit
spending means increasing federal
borrowing and the money has to come
from somewhere.

It either comes from domestic sources,
in which case domestic investment declines
by the amount of the deficit spending, or it
comes from foreign sources in which case
the trade deficit rises by the amount
of the spending.

Deficit spending reshuffles
domestic demand, but it cannot
increase demand (or supply)
because it cannot create
purchasing power
or improve incentives
http://blog.heritage.org/2010/04/26/nabe-economists-on-stimulus-no-impact/#more-32190

Global Commie Corporate
Unionists Are A Legion Of
Criminal Over Priced
High Maintenance
Welfare Whores ;

If the Dodd-Obama
resolution plan is ever
actually put to use, the
direct or indirect costs
to taxpayers could be
many times greater.

For example,
the bill authorizes
the Federal Deposit Insurance
Corporation to borrow from the
Treasury "up to 90 percent of the
fair value of assets" of any company
the FDIC is resolving.

Yet one institution alone-
Citigroup-has assets currently
valued at about $1.8 trillion.

The potential costs
of resolving it (not to mention others)
would be spectacularly higher than
$50 billion.

In short, the $50 billion
in the resolution fund is a
political number-a fraction
of what the FDIC is authorized
to borrow and spend.

Why would this vast sum
be necessary?

The Dodd bill
has one answer.

It says that the FDIC
"may make additional payments,"
over and above what a claimant
might be entitled to in bankruptcy,
if these payments are necessary
"to minimize losses" to the FDIC
"from the orderly liquidation"
of the failing firm.

In other words, the agency would
be able to borrow huge sums so that
it could make more generous payments
to creditors than they would receive in
a bankruptcy.

Generous payments to creditors would
certainly make unwinding a firm "orderly"
-but it would also encourage lending
to the too-big-to-fail financial institutions
while disadvantaging smaller, less favored
institutions.

This in itself will have a profound
and destructive effect on competition.

This is the core problem
of the Dodd-Obama Wall Street
Bailout Bill : it gives the same regulators
that missed the beginning of the last crisis
the authority to engineer the exact same
politically motivated bailouts
http://blog.heritage.org/2010/04/26/morning-bell-cbo-confirms-youre-on-the-hook-for-wall-street-bailout-bill/#more-32168

Global Commie Corporate
Unionists Hell Care Coup ;

The actuaries
at the Centers for Medicare
and Medicaid Services (CMS),
the agency that runs the giant entitlement
programs, released their analysis of the
new health care law.

"White House officials have repeatedly
complained that such analyses have been
too pessimistic and lowball the law's
potential to achieve savings,"

but the official CMS analysis reinforces
several predictions regarding Obamacare.

Some highlights of the CMS report :

- Increase Medicare Solvency?
Don't [Double] Count on it

- Medicare Savings (if they occur)
Mean Bad News for Seniors

- New Federal Programs
Born to be Bailed Out

Bending the Spending Curve UP?
http://blog.heritage.org/2010/04/23/side-effects-it%e2%80%99s-official-higher-health-care-costs/#more-32128