At the conclusion of Newt Gingrich’s speech as CPAC a colleague and I discussed the Republican chances for the White House. That day we heard from Rick Santorum, Mitt Romney and Newt and we both agreed that winning in the fall should not be hard. But a couple of conditions had to be met.

The most important condition of all was that no matter who won the nomination, we all had to coalesce behind the nominee and fight hard to win. What that means is that Mitt and Newt have to stop the scorched earth personal attacks. So far, Santorum has avoided getting down in the mud, but with his new ascendancy, he will now be a prime target. Stop it and stop it now. It’s not about you. It’s about dislodging the guy at 1600 Pennsylvania Avenue. Tell us about your vision and stop hanging labels on each other. Forget the polls showing Obama beating all comers. In January 1980, Gallup had Carter beating Reagan 63% – 32%. This is how Time magazine saw it March of that year:

National opinion polls continue to show Carter leading Reagan by an apparently comfortable margin of about 25%. They also show that more moderate Republicans like Ford would run better against the President. This suggests that Reagan is not the strongest G.O.P. choice for the November election and that he clearly faces an uphill battle. . .

Carter, for all his problems, has the power of incumbency. As President, he can react to challenges by changing the direction of the whole Government, which he has done recently by attempting to balance the budget in the coming fiscal year, a course urged by all Republican candidates. Carter is an undeniably deft—and extremely lucky—politician. He also is a relatively known quantity in the White House, whereas the inexperienced Reagan would require a definite leap of faith by voters supporting him. Says Northwestern University Political Scientist Louis Masotti: “There’s a variation on the old cliché: you don’t change horses’ asses in midstream. You’ve got one, and at least you know its contours.”

Newt Gingrich

Gingrich was on his game at CPAC. He clearly outlined what he would do, within hours, of taking the oath of office. It was vintage Newt. It was Contract with America stuff and the crowd ate it up. This is the good Newt, who is very good. Besides putting down the sword against Romney, Newt needs to clean out his closet. Whatever he did for Freddie Mac, whether good or bad, get it out there now. Just saying you were a consultant is not enough. You can bet the Democrats know what he did and if it looks bad they will protect it like it is gold in anticipation of Newt winning the nomination. Then they will devise a scheme, with their allies in the main stream media, to release it about two weeks before the general election so that it will have maximum negative impact against Gingrich and the Republicans.

If Gingrich can get any bad news out now it will die down and be old news by election day. There is a risk, that it may kill his chance at the nomination, but for the sake of the country, it is better sooner than later.

Rick Santorum

Santorum has done a good job of laying out the moral argument for his candidacy. He has to shift his focus more on where he wants to take America rather than in the dismal place we find ourselves. He has to take a cue from Reagan and Thatcher and express an optimism that will engage his fellow Americans.

He has to avoid joining the Romney – Gingrich food fight. So far he has stayed above the fray, but he is climbing in the polls and that makes him a prime target, particularly for the Romney attack machine. He has to stay clean and ride the wave of disgust that people are feeling for all the mud-slinging.

Mitt Romney

Romney has to stop the attacks. He seems to be the one to fire the first spit ball. In one of the debates, when Santorum called for a ceasefire, Gingrich seemed inclined to go along, but Mitt couldn’t resist one last shot, which Gingrich naturally could not leave alone and off we went. Negative campaigning does work up to the point where we become sick of it and then it is a pox upon all your houses.

Romney also has to loosen up and lose his perpetual sunny disposition, that seems somewhat manufactured. It would be refreshing to see him without the perpetual smile and see some genuine concern for his fellow Americans who are having a tough time. If he doesn’t connect with the common folks, he will never climb above the 25% or so that typically vote for him.

Coming Together and Being Gracious

To get everyone to close ranks behind the eventual winner, we need to care for the ultimate losers. Toward that end I would like to propose a fallback job for each of the four remaining candidates in the administration of the winner. Here they are.

For Ron Paul, I would suggest appointing him Chairman of the Federal Reserve Bank. He could then freely find out what the heck they are doing there and make recommendations up to and including ending the Fed. For Newt Gingrich, I would suggest appointing him UN Ambassador. What better way to follow up a speech by Ahmadinejad than a critique by Gingrich destroying everything the little weasel said? For Rick Santorum, Secretary of State. He seems to understand there is more to the world than just the Middle East and that we have some work to do in our own hemisphere. For Romney, I would suggest Secretary of the Treasury. Bain Capital was not Goldman Sachs. I think between his finance background and his government executive experience as governor of Massachusetts, he could greatly help get us on the right track.

That’s my opinion; I’d like to know yours. Please comment below.

To many conservatives Mitch McConnell is a sellout. To me, he is a parliamentary master who held off a filibuster-proof majority by his fingernails until reinforcements arrived in the person of Scott Brown. He kicked off his address to the crowd with a little humor.

McConnell said that conservatives are more fun because we are always right. He then quoted what Democrats believe in by quoting from Saul Alinsky. It is all about division and smearing your opponents. But it is going to be a tough task with the president’s record.

The president believes in rewarding his friends and punishing his enemies. Examples include: the Keystone pipeline, Solyndra, Goldman Sachs. He preaches diversity and then attacks Catholics.

This is about Obama’s policies. He asked for and received from his Democrat Congress, nearly $1 trillion so that unemployment could be kept under 8% and since then it hasn’t been below 8%. The average length of unemployment under Obama is forty weeks. The unemployment rate for African-Americans is over 14%, for Hispanics it’s 10.5%, for recent college graduates it’s over 10%. He promised to cut the deficit in half and the deficit has been above $1 trillion for the fourth straight year. He ignored his own deficit commission.

Obama believes in bigger and bigger government. Today, the earnings of federal workers is 60% higher than those in the private sector who pay those salaries. Layoffs of federal employees is running at less than 300 per year, meaning there is a higher probability of a federal worker dying of natural causes than getting laid off. Meanwhile Obama has added 150,000 to the federal payroll. We are supposed to believe that there is no possible way to shrink the federal payroll because of how important government is to life in America.

In just nine months we will have a chance to let Obama know what we think of his vision of big government.

That’s my opinion; I’d like to know yours. Please comment below.

Congressman Tim Bishop continues to push his manufactured campaign issue, with the full union backing of the Communication Workers of America, to fight against outsourced call centers. He calls it a “surgical strike”. I think there are more appropriate names for it.

It’s always fun to listen to someone who hasn’t spent a day outside of academia or government tell the rest of us, a) what the problem is; and b) what the solution is. The first question that I would ask Congressman Bishop is “why is this such an important issue for your constituents?” Answer: It isn’t. There are no major call centers in his district and there are none that I know of that are weighing a move to his district. So why is this his major legislative focus?

He is desperately looking for an issue, any issue, that he can campaign on. He cannot campaign on his record. He cannot campaign on a record of supporting the Obama economic disaster. He cannot campaign on how much the debt ballooned on his watch. So Doctor Bishop wants to do a little surgery and penalize companies who outsource call centers. Since Bishop never held a job that produced anything for a profit he can be excused for not grasping the impacts of his proposed bill.

One of his provisions is to make companies that have outsourced call center jobs overseas ineligible for government contracts. Two of the largest US PC manufactures HP and Dell and they both have call centers overseas. So does Congressman Bishop want the stop the federal government from buying PCs from HP and Dell? Who should they buy them from? Chinese Lenovo, Taiwan based Acer? Japan’s Toshiba? Speaking like a general he says it is a surgical strike. Well surgical strikes are designed to limit collateral damage, and Bishop’s plan is chock full of collateral damage.

Here is how Bishop could really help the situation. First, take a basic economics course. Study how the global economy works and how free global trade helps everyone. Perhaps he should ask his backers at the Communications Workers of America, what they can do to make call centers in the US more cost-effective. Do they have too many work rules in their contracts? Do they force their members to pay union dues to pay for the union to back Bishop and Obama? If their dues were limited to collective bargaining, perhaps employers could afford more call center jobs in the US. Tell Obama we need to slash the corporate tax rate so that companies do not save billions of dollars by locating operations in overseas countries with lower tax rates and then trap those profits overseas so they can’t be brought back to create jobs here.

But that may be too much to ask of Mr. Bishop before November. So here’s a better idea. Step down, and let someone who has actually created jobs take your place.

That’s my opinion; I’d like to know yours. Please comment below.

While wiping his feet on the First Amendment by trying to force Catholic institutions to bend to his will and force them to provide services that go against their core beliefs, President Obama took time to lecture us on the Bible, and twist it to fit his reelection campaign. This outrage doesn’t get a pass.

The Bible Supports Obama’s Tax Plan

Obama tried to use the bible verse about from those who have been given much, much is expected, as a call from God to pay more taxes. To follow the Buffett Rule, if you will. Here is the verse from Luke 12:48:

When much has been given a man, much will be required of him.

But the context is in terms of doing the master’s will, not paying taxes. When it comes to paying taxes, Jesus was asked specifically about it. Here is that passage:

They sent some Pharisees and Herodians after him to catch him in his speech. The two groups came and said to him: “Teacher, we know you are a truthful man, unconcerned about anyone’s opinion. It is evident you do not act out of human respect but teach God’s way of life sincerely. Is it lawful to pay the tax to the emperor or not? Are we to pay or not to pay?” Knowing their hypocrisy he said to them, “Why are you trying to trip me up? Bring me a coin and let me see it.” When they brought one, he said to them, “Whose head is this and whose inscription is it?” “Caesar’s,” they told him. At that Jesus said to them, “Give to Caesar’s what is Caesar’s, but give to God what is God’s.” Their amazement at him knew no bounds – Mark 12:1-17

When asked specifically about taxes Jesus dismissed them, seeing the political trap. Jesus didn’t say let’s go to Rome and lobby for the least of our brothers. He didn’t say, you know, we need a new government program. He didn’t tell of the Good Samaritan, calling his Roman Senator to pass a new law to provide free health care for victims of highway robbery found laying in a ditch. He said we should take care of such things ourselves, not pass the buck to someone else. So instead of asking the rich like Romney to pay more in taxes, ask Joe Biden how much he gives of the public’s money, that he has been living off most of his adult life, to charity. See if Obama wants to brag about so-called Catholic Biden, giving an average of $1 a day to charity while pulling down a tidy six figure income. Since 2010, Romney gave $7 million to charity. What about the Obamas? Barack Obama and his wife Michelle gave $10,772 of the $1.2 million they earned from 2000 through 2004 to charities, or less than 1 percent. As former Louisiana Senator Russell Long famously said, “Don’t tax you, don’t tax me, tax that fellow behind the tree.” It is hypocrisy at its boldest. But then this president has never been shy.

Wasted Gifts

What should be embarrassing to Obama is that the passage he used really refers to him. Who has been given more than Obama?  He grew up in Hawaii, he got an Ivy League education, he has drawn a salary from the public trough as an Illinois state senator, a U.S. Senator, and President of the United States. What has he done with these gifts? We know he has played golf over ninety times, he has taken long vacations, he plays basketball every week, and rather than meeting with members of Congress he stonewalled them and then blames them for the state we are in. Let’s take the passage from Luke that Obama quoted and back it up a few verses:

The Lord said, “Who in your opinion is that faithful, farsighted steward whom the master will set over his servants to dispense their ration of grain in season? That servant is fortunate whom his master finds busy when he returns.”

It is not the rich who according to Obama do not pay enough taxes that the Bible refers to, but him, who was given bountiful gifts from God but squandered them. What would Jesus say to Illinois Senator Obama who opposed legislation that if a woman went to a hospital to have an abortion and if the child was actually born alive, the surviving child should be given all necessary medical care? Is that caring for the least of his brothers? Is that emulating the Good Samaritan? Is there no level to which Obama will not stoop to get himself reelected? America has had enough of this president. America deserves better.

That’s my opinion; I’d like to know yours. Please comment below.

President Obama, always on the campaign trail, is now on the road trying to explain why his class warfare strategy is not class warfare. In his State of the Union address, he once again invoked the “Buffett Rule”, which is little more than a fig leaf to allow Obama to raise taxes. But what about some other “Buffett Rules”?

Spending

What is the Buffett Rule on spending? Does Warren Buffett agree with President Obama that we should spend 150% of what we take in? Did Warren Buffett become one of the richest men on the planet by spending 150% of what he takes in and borrowing the shortfall? I think Buffett’s counsel would be to live within our means; don’t spend more than you take in, but I didn’t hear President Obama invoke the “Oracle of Omaha” when he submitted his budget to the Senate that was voted down 97-0. I didn’t hear Obama mention spending at all other than to say some nonsense about cutting spending by $2 trillion over ten years. At the rate we are going that level of spending “cuts” will mean we are $8 trillion deeper in debt ten years from now rather than $10 trillion. We need to cut $1 trillion in spending next year. So let’s hear what Buffett has to tell Obama about spending.

Investing

Warren Buffett is regarded as a masterful investor. What’s the Buffett Rule on investing? President Obama took credit for saving the auto industry. Really? If that is his idea of a good investment why does the price of GM stock have to rise to $52 before the American people’s investment to break even? GM stock is currently trading around $25. How many people are expecting GM’s stock to double in the near future? Or is it more likely that union contracts will once again, drag GM beneath the waves? My research indicates that Warren Buffett does not hold any GM stock. I wonder why? I do know that Warren Buffett made a very tidy profit by investing in Goldman Sachs. Meanwhile American taxpayers, you know, the ones who are under taxed, bailed out that company and many others. How much did Buffett invest in Solyndra? How much money is Warren Buffett investing in high-speed rail in California? Why should the American people believe that someone who has never held a job in private industry (Obama) is suddenly the smartest venture capitalist in America? How big of a portfolio do the real venture capital firms put in the hands of new hire fresh out of college? But this president takes billions of our tax dollars and squanders them on his pet projects and then lectures us how we need to invest in our future when they go belly up. When is Warren Buffett going to tell him to stop?

The Buffett Rule on Taxes

At the State of the Union address we were introduced to the famous secretary of Warren Buffett. She’s the poor woman who pays a higher tax rate than Mr. Buffett on her income. It is estimated that the poor dear makes between $200,000 and $500,000, otherwise she would not be paying double the tax rate of Buffett. That could put her solidly in the top 1% of earners in the country, if she is at the high-end of that range (the top 1% is earnings above $343,000). So Barack Obama actually lamenting that the top 1% is over taxed? Of course not. It is not about who is paying too much, it is about who is not paying enough.

The problem is spending, plain and simple. There are not enough rich people in America, even if taxed at 100% to close the budget gap. What Obama is doing is class warfare. Let’s get people angry enough at the wealthy so that Obama can then link the wealthy to the Republicans and sneak back into a second term.

If Obama thinks he is playing by the rules, Buffett’s rules, then he should at least play by all of them.

That’s my opinion; I’d like to know yours. Please comment below.

They are still using the same tired rhetoric, about inheriting the worst economic calamity since the Great Depression. The truth is that the worst economic calamity since the Great Depression is the Obama administration. Barack Obama stands with Herbert Hoover as the only presidents with negative job growth during their administrations. As if stuck in the 1930s, Obama dusted off FDR’s playbook, since he had no personal executive experience to draw on, and that playbook didn’t work then and it’s not working now.

So along comes an opportunity for a major “shovel ready” project, backed by unions, that can create thousands of jobs, move us closer to energy independence, help us depend less on getting oil from Middle East despots, and what does Obama do? He kills it. What he wanted to do, was defer a decision on this until after the election, eleven months away. He wanted to do what he does best, vote “present”.

Congress, particularly the Republicans who seem to be the only adults working on Capital Hill, included a provision in the payroll tax holiday extension, to make a decision within sixty days. People are hurting, gas prices are creeping up, unemployment benefits have been extended to extraordinary lengths, and this incompetent president says that sixty days was not enough time to review the proposal so he had to, sadly, reject it. Perhaps if he hadn’t played all those rounds of golf, perhaps if he had studied it a little closer instead of spending all that time in Hawaii, perhaps if he put this job creating proposal on the top of the EPA’s to-do list instead of their focusing on the job killing regulations to limit power plant emissions, he would have gotten his job done. But no, sorry, I don’t have my homework, teacher, I dunno, I forgot, my dog…. Enough!

Let China make an oil deal with Canada. We can always buy the oil back from them at a premium. Why not, they probably don’t have enough of our dollars as it is now. Why not give them more? This president is making decisions that will cobble together a coalition of supporters to get him reelected. This is about appeasing the environmental movement so that they won’t abandon him.

At an event in Ottumwa, Iowa, on Dec. 31, Rick Santorum mocked the idea that the pipeline posed the threat of environmental damage, noting that there were already many other pipelines in the area it would go through. “This is just, again, pandering to radical environmentalists who don’t want energy production, who don’t want us to burn more carbon,” Mr. Santorum said.

The State Department, which has authority over this since it goes between us and Canada, “said there was not enough time to draw a new route for the pipeline and assess the environmental harm.” Bullfeathers. It’s a 1700 mile pipeline. The area in question is a fraction of that length. Agree to the pipeline, get started hiring people and building it in areas not in dispute, and work to resolve the section in question. But unless it is killed, Obama risks losing the green vote and what is more important, America or Obama’s reelection?

I’d like to ask my Congressman, Tim Bishop, to weigh in. What do you have to say about this, Tim? Or are you too busy manufacturing your own campaign issue around outsourced phone center jobs. If jobs are really important to you, you would stand up and challenge Obama for killing an opportunity for good, high paying, union jobs in America. On the other hand you can stay silent, not challenge President Obama’s error and risk his ire and possibly lose campaign funds and support. So what do you stand for, Tim? Putting America first or putting your interests right up there with President Obama’s and above America’s.

That’s my opinion; I’d like to know yours. Please comment below.

The Democrats are nothing if not persistent. After trying to hang this dismal economy on President Bush while the Obama administration repeats every mistake from the Great Depression to create their own version, Tim Bishop says let’s go all in!

After spending so much as to add more to the national debt than all previous presidents combined, all to no effect, why not move on to the next disaster of the Great Depression, a trade war. In the Great Depression it was the Smoot-Hawley tariffs. Today we have Tim Bishop looking to attack call centers in India and the Philippines. With allies like us, who needs enemies?  The governments in India and the Philippines are cranking up the diplomatic channels to stop Bishop’s bill. It will be interesting to see how Secretary of State Hillary Clinton will react. I doubt she will be saying, “Thanks, Tim!”

The man who has spent his entire career in academia and government had this to say on the news of the diplomatic activity:

“Frankly, the fact that both the Indian government and the Filipino government are reacting like this says that our bill is very badly needed,” he said. Most of the call center jobs lost in the U.S. are “sent primarily to India and the Philippines. So I hope [the bill] does have an impact.”

Did I read that right? Legislation is badly needed to provoke our allies? Don’t we need India as a counterbalance to Pakistan? Wasn’t it Obama who came to office saying he was going to make nice with everyone around the world and apologize for that cowboy Bush’s behavior? Didn’t Tim Bishop get the memo? Here is some more Bishop deep thinking.

In addition to making them ineligible for federal loans, the call center bill would place stiff mandates on companies that chose to outsource their call centers. Customer service reps working in those companies’ call centers overseas would be required to disclose their locations when asked by American callers, as well as provide callers with the option of being transferred to a call center in the U.S. — stipulations likely aimed at pleasing constituents who are tired of dealing with customer service reps based in other countries.

Although I am sure most of my regular readers can see right through that, let me reveal the devilishly clever thinking of Mr. Bishop. By requiring that call centers provide the option of being transferred to a call center in the U.S., companies would basically have to have two call centers, thereby eliminating any savings. Mr. Bishop seems to believe that companies will gladly force bad service on customers to save some money regardless of any complaints. How does that explain how Dell Computer moved some of its call centers back to the U.S. in 2004 when the quality couldn’t keep up with the company’s growth. But who should make that decision, the CEO or Dell or Tim Bishop?

Why is Tim Bishop, a Congressman from Eastern Long Island, the driving force behind this? Are there a lot of call centers in his district that are moving overseas? None that I could find. It’s all about politics. Tim Bishop is facing a tough reelection battle and he is afraid to run on his record. So he needs to drum up an issue. He squeaked by his last reelection by accusing his opponent of being an outsourcer. It worked last time, so let’s fire up that old chestnut and see if it’s got legs. Don’t let the free market decide, don’t worry if it damages relations with our allies. It makes the Communications Workers of America union happy and isn’t that what’s really important?

I have a better idea. Why don’t we approach Tata Motors, the Indian automobile company that now owns Jaguar and Land Rover and get them to build factories in the U.S.? We can outsource low paying call center jobs to them while they outsource high paying manufacturing jobs to us. It makes economic sense, but then again, that won’t help Tim Bishop get reelected, will it? Oh, well.

That’s my opinion; I’d like to know yours. Please comment below.

In his recent telephone town hall meeting, Tim Bishop expressed his support for the continued payroll tax holiday but making it clear that it would have no impact on the Social Security Trust Fund. Money for Social Security would continue to go into the trust fund from other sources. What other sources you might ask? I may have an answer for you.

In an article in HousingWire magazine, the author points out that:

The Federal Housing Finance Agency will increase guarantee fees on single-family mortgage-backed securities charged by the government-sponsored enterprises by 10 basis points effective April 1, 2012, in response to the new funding mechanism for the payroll tax cut extension passed by Congress.

So it seems that the Social Security Trust fund will get its money from Fannie Mae and Freddie Mac, or more accurately, from new home buyers. So for a two month extension of the payroll tax holiday that will prevent taxpayers from paying an additional $130 into the Social Security Trust Fund, that everyone expects to get back anyway, new home buyers will have to pay thousands in new fees.

The g-fee increase will remain in effect through Oct. 1, 2021. The Congressional Budget Office estimated the g-fees would offset about $35.7 billion in the costs of the tax cut. Mortgage Bankers Association CEO David Stevens said the increase could mean an extra $4,000 in fees on a $200,000 mortgage.

One of the problems facing Long Island is affordable housing. Our young people are leaving Long Island for areas were there is a larger rental stock that they can start out in, rather than living in mom and dad’s basement, and where they can afford to buy a house after saving a down payment for a couple of years. Apparently for the benefit of a political talking point Tim Bishop votes to slam an already weak housing marking with additional fees. After all who can really call a two month anything sound fiscal policy? Notice there is no spending cut mentioned here, it is an increase in taxes and fees. This is what Tim Bishop was telling his constituents not to worry about in his town hall meeting? What will become of his district, if nobody lives here but retirees? Is that his plan to solve the unemployment problem? Drive enough young people away until the number of jobs fits the remaining population?

The problem is spending. It was only last week that Joe Biden was attacking Mitt Romney’s policies by saying:

“His proposal would actually double down on the policies that caused the greatest economic calamity since the Great Depression and accelerated a decades-long assault on the middle class,” Biden added.

Decades long assault on the middle class? I guess he means you too, Bill Clinton. The greatest economic calamity since the Great Depression has been the Obama administration and if he were to get reelected it would finish America off. We have had the worst consistent unemployment since the Great Depression for the entire Obama administration. We have had the worst record of job creation, loss actually, since Herbert Hoover. The National Bureau of Economic Research says the recession ended in June of 2009. Does it feel like it to you? Most recoveries from economic downturns are mirror images of the slump. A gradual recession is followed by a gradual recovery; a sharp downturn is followed by a sharp upswing. Not this time. Just look at the job creation record of Team Obama.

This chart goes all the way back to Harry Truman and Obama’s performance stands alone.  Let’s put to rest the “eight years of failed Bush policy, yada, yada, yada” and face the fact that Obama and his spending, heavy-handed regulations, and insatiable appetite to fix everything by taxing more has put us into an economic winter. Tim Bishop has happily ignored the needs of his constituents to buy favor from the Democratic leadership and their special interest pals. They have done an awful job and we need to turn them out, before they turn us into Greece.

That’s my opinion; I’d like to know yours. Please comment below.

Tim Bishop has submitted legislation to punish firms that use overseas call centers. He is desperate. He needs an issue that he hopes will sneak him past the electorate into office for another two years. Outsourcing worked for him last time, so he is trying to put lipstick on that pig and pass it off as bold, new thinking. What I am thinking is when is Tim Bishop ever going to represent the people who actually live in his district?

How many call centers are in his district that are threatening to move overseas? How may call centers are trying to decide between locating in his district or locating in India? If the answer to either of the above questions is none, why is he spending time on this?

Over twenty years ago, while working at Citibank, they had a customer service center for credit cards in Melville. For cost reasons they were looking at shutting it down and moving it. I was asked to provide an analysis of the telecommunication costs in an effort to keep it in place. Based on the customer distribution, I showed that its current location was the best choice from a telecommunications basis, but it was not enough to offset the people cost. The alternatives considered were Maryland, South Dakota and Nevada. India was not on the list. But if you were a customer service rep on Long Island who didn’t want to move, was the fact that the job was staying in America, give you consolation? Your job went away

So what is Tim Bishop doing starting a trade war with India? How does that help his constituents?

 ”Outsourcing is one of the scourges of our economy and why we are struggling so to knock down the unemployment rate,” said Bishop.

In a previous post on Mr. Bishop’s insightfulness I pointed out that the largest Toyota factory outside of Japan is in Georgetown, Kentucky. Through a new free trade agreement that plant will now begin exporting Toyotas from the U.S. to South Korea. If Toyota didn’t outsource those jobs to the U.S. but kept them in Japan, there would be 7,400 fewer Americans employed in Kentucky than there are today. So how does Bishop square this with his statement that outsourcing is a scourge and contributes to unemployment when this is proof of the opposite? Perhaps if our tax structure wasn’t so abysmal, other companies would locate their factories here? But we have one of the highest corporate tax rates in the world, so why build here? But when was the last time you heard Tim Bishop pounding the podium for lower tax rates?

With the stimulus plan, Congressman Bishop voted to spend a trillion dollars across the country to be paid for by whom? Well, consistent with the Democratic message of “tax the rich”, when compared to other states, New York is relatively rich, so we get a bigger share of the bill and a smaller cut of the benefits. How did Congressman Bishop’s vote help his district? Most of the money that did come here went to people who already had a job, and a union card, the teachers. Who is backing Mr. Bishop on his phone center folly? The Communication Workers of America. Bishop knows he needs union muscle if he has a prayer of getting reelected.

He also likes the idea of the payroll tax holiday and tells people at his town hall meeting, not to worry about the Social Security Trust Fund losing important funding, that money will come from elsewhere. Where exactly? Does Mr. Bishop have some magic beans or a goose laying golden eggs like a gatling gun? We’re broke thanks to Mr. Bishop and his pals spending, spending, and spending.

So Tim Bishop looks out for Tim Bishop first, Nancy Pelosi second, and if he can help his constituents cut through some bureaucratic red tape, cut through it but not eliminate it, he will do so. But he needs something, anything, to take the voters eyes off his dismal record in Congress, so let’s try another new twist on outsourcing, whether it is germane to his constituents or not. After all, where else is Tim Bishop going to land a job that pays $174,000 a year with his resume?

That’s my opinion; I’d like to know yours. Please comment below.

With the economy in shambles and his campaign sound bites and early interviews as president coming back to haunt him, President Obama has ramped up the class warfare rhetoric. Let’s put the lie to these strategies.

The Payroll Tax Cut

The issue here is that President Obama wants to help the middle class and he claims the Republicans do not. The famous payroll tax cut puts about $8 a week in the pocket of individuals. But everyone who pays the payroll “tax” expects to get every dollar back, and then some, after they retire. So what is really going on here? The government forces you to participate in the Social Security system. It offers a lousy rate of return compared to alternatives and if you die before you start collecting, everything you paid into it is gone. Your heirs get nothing. If Obama believes in cutting back on payroll taxes, why not convert everything to private accounts and eliminate the tax altogether? Let people save for their own retirement. Let them put more away in the good times, and be able to scale back in the bad times.

The Republicans are not opposed to Obama’s plan, their only requirement is that we cut somewhere else in the budget to make up for the shortfall. This is nothing new. Former Kentucky Senator Jim Bunning raised this very point nearly two years ago, when the Democrats held both houses of Congress. In this enormous government can’t we find anything to cut? Find the cuts and the Republicans will sign on. If not, this is just another case of piling debt on our children and grandchildren, because they will have to make up the difference when we retire.

Taxing the Rich

This week we saw former senator and former New Jersey governor, Jon Corzine testify before Congress to say how sorry he was that he couldn’t find over a billion dollars of his customer’s money. But since he resigned from MF Global he doesn’t have access to any of the records to help in the search. Is the Justice Department beginning a criminal investigation?

Has anyone been charged with a crime for what happened in the fiscal meltdown of 2008? Has anyone collected more campaign cash from Wall Street than Obama? So is it unusual to conclude that President Obama, other than giving speeches, is perfectly fine with Wall Street ripping off the American people, as long as he can rip off the most successful people in America and claim he is looking out for the little guy. Let his pals get boatloads of government money to bail out their companies so they can keep getting richer and then say he wants to tax them more. Is it any surprise that a lot of rich Democrat supporters are coming out and saying they are all for paying more. Who wouldn’t?

President Obama says you can have billions of tax dollars and I just want a kickback in the form of higher taxes so that I can keep spending recklessly. However, ask anyone of these guys to write a check to the Treasury voluntarily, and they all balk. Why? Nobody gets any credit for donating their money to the government. They want the government to take it, not just from them but from every successful business person.

An Economic Winter

If President Obama gets another term, we may face an economic winter from which we may never recover. If the last three years were painful, the next four could be even worse.

That’s my opinion; I’d like to know yours. Please comment below.