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Entries in ALG (1586)

Friday
Jul162010

ALG Condemns Financial Takeover as "One More Piece of Liberty Lost"

"When there's another bailout — not if, but when — and any of these 60 Senators dare attempts to condemn it, they need to be called out for the liars that they are." —ALG President Bill Wilson.

July 15th, 2010, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today condemned the U.S. Senate for enacting the conference version of the Dodd-Frank financial takeover bill, sending the bill to the desk of Barack Obama to become law.

"The American people have lost one more piece of their liberty, as the Senate has voted to create a hidden, permanent bailout that will enable faceless bureaucrats to levy taxes, bail out politically-privileged institutions and to seize and liquidate politically-unconnected ones, redistributing their assets to favored constituencies, like unions," Wilson declared.

"There will be no votes in Congress like TARP ever again, as Congress has abdicated the power to tax and spend elsewhere," Wilson explained, adding, "Which solves a political problem for members of Congress, but is really just a con game so that they don't have to take responsibility for unpopular bailouts and government takeovers."

Wilson said "the American people can thank these 60 senators that voted to invoke cloture on the Dodd-Frank bill," which included all but one Senate Democrat and Republican Senators Olympia Snowe, Scott Brown, and Susan Collins.  The vote ending debate was 60 to 38.

Wisconsin Senator Russ Feingold was on the only Democrat to vote Nay, whom Wilson said "had the intellectual honesty to say he wanted to address the root causes of the financial crisis," and thanked him for his votes to bring an end to Fannie Mae and Freddie Mac, and to audit the Federal Reserve.

Wilson called the bank tax by the Federal Deposit Insurance Corporation (FDIC) on about 60 bank holding and insurance companies with $50 billion or greater in assets included in the legislation "taxation without representation". 

"The taxes which will finance the 'orderly liquidation fund', the cost of which will be passed on to savers, investors, and anyone who uses the financial system," Wilson said, citing a Congressional Budget Office (CBO) analysis of a similar bank tax proposal by the Obama Administration, "the ultimate cost of a tax or fee is not necessarily borne by the entity that writes the check to the government. The cost of the proposed fee would ultimately be borne to varying degrees by an institution's customers, employees, and investors, but the precise incidence among those groups is uncertain."

"These taxes, bailouts, and takeovers will happen arbitrarily, by faceless, unelected bureaucrats at the FDIC, Treasury, and Federal Reserve.  When there's another bailout — not if, but when — and any of these 60 Senators dare attempts to condemn it, they need to be called out for the liars that they are," Wilson concluded.

Attachments:

"'Down a Rabbit Hole:' The Threat Posed by the Dodd-Frank Bill to the Private Sector," Updated June 28th, 2010, Americans for Limited Government.

"Big Brother is Watching You: The Threat Posed by the Dodd-Frank Bill to Privacy," Updated June 28th, 2010.

Letter to the U.S. Senate, ALG President Bill Wilson, April 26th, 2010.

Thursday
Jul152010

NRN - The Daily Wrap-Up 7/15/10

July 15, 2010
4:45 PM Eastern

Read NetRightDaily.com.

Good Thursday Evening -

BP Oil Spill Over? – According to BP, oil has finally stopped spilling into the Gulf. It has taken nearly 3 months to reach this day… Some are fearful that the pressure will cause the seafloor will to explode with oil! Unfortunately, the clean-up process still has light-years to go due to the Obama administration's failure to begin containment efforts for first couple of months.

Financial Takeover Bill passes the Senate – The Dodd-Frank Financial Takeover bill has passed the Senate 60-39. The bill will now be sent to Obama's desk. Bill Wilson, President of Americans for Limited Government, said of the Financial Takeover bill that "the American people have lost one more piece of their liberty, as the Senate has voted to create a hidden, permanent bailout that will enable faceless bureaucrats to levy taxes, bail out politically-privileged institutions and to seize and liquidate politically-unconnected ones, redistributing their assets to favored constituencies, like unions."

Is Donald Berwick a Conservative? – President Obama's recess appointment of Donald Berwick as head of the Centers for Medicare and Medicaid Services has triggered protests from conservatives, angry over such socialist-leaning comments as "excellent health care is by definition redistributional." But among his defenders is Ezra Klein of The Washington Post, writing on July 7th that conservatives should rejoice this appointment, given Berwick's history of advocating for greater patient say in the health care process and stressing long-term preventative measures to bring down costs.

Election fraud is a danger – Elections are one of the building blocks of the nation's democracy, and their integrity in the United States is critical to the government functioning legitimately by the consent of the governed. Unfortunately, the unresolved cases of the New Black Panther Party intimidating voters at the polls and ACORN engaged in election fraud are breaching the trust American citizens have in their voting system. Unless action is taken, that trust will continue to wither.

Jeff Sessions on Kagan: "Filibuster is not off the table" – Sen. Jeff Sessions (R-Ala.) told HUMAN EVENTS that he would not rule out filibustering Elena Kagan's nomination to the Supreme Court. In an exclusive interview, the ranking Republican on the Senate Judiciary Committee said that a "filibuster is not off the table," but cautioned that such a procedural tactic would only be employed under "extraordinary circumstances." Asked if Kagan's penchant for judicial and political activism hit the benchmark of "extraordinary circumstances," Sessions wouldn't commit, but noted how Kagan did not "help herself in her testimony."

Video: A tale of two Kagan's on the First Amendment: 2 Live Crew v. Citizens United

Have we the will to cut spending? – A gloomy picture of the economy was painted last weekend by the co-chairmen of President Obama's Debt and Deficit Commission when they appeared at the closing session of the National Governors Association meeting in Boston. Former Wyoming Republican Sen. Alan Simpson and Erskine Bowles, former White House chief of staff under Bill Clinton, called the current budgetary trends a cancer "that will destroy the country from within" unless checked by tough action in Washington.

Rationing Debate – If government-run health care is such a bad thing—at once too expensive, too impersonal, and too ineffective—shouldn't those who oppose it want to see the government's major health care payment systems run by someone who has single-mindedly devoted himself to cutting costs, focusing on patients, and increasing health outcomes?

DOJ must proceed on Black Panther case – I'M THINKING that the actions of the New Black Panthers on Election Day in 2008 were more about TV than turnout. Samir Shabazz and Jerry Jackson posted up outside the old Richard Allen Homes at 12th Street and Fairmount Avenue, which is in the 14th Ward's 4th voting division. In November 2008, there were 1,535 voters registered there. Only 84 of them were Republicans. Not exactly a location where an African-American running for president would seem to need much assistance.



Thursday
Jul152010

NRN - Must Reads for July 15, 2010

Americans for Limited Government President Bill Wilson's quote of the day on Obama's $5 billion "green" jobs initiative:

"Barack Obama and Harry Reid are proposing an additional $5 billion in taxpayer subsidies to businesses that apparently cannot profit on their own selling inefficient so-called 'clean' energy alternatives, like electric cars, wind and solar. This comes atop $2.3 billion in 'stimulus' funds that were dedicate to the same purpose.

"At a time of unsustainable government spending and debt accumulation, if energy companies cannot make a profit selling these products and utilities, then it is not up to U.S. taxpayers to double-down on an unsuccessful 'green' marketing strategy with another $5 billion in taxpayers handouts.

"The American people want an end to government picking winners and losers in the energy sector with subsidies to politically-favored industries, and instead would prefer lawmakers to lift restrictions on producing nuclear, oil, coal, and natural gas resources that provide the foundation for meeting the nation's power needs."

Read more at NetRightDaily.com.

Thursday
Jul152010

ALG - Video: A Tale of Two Kagans on First Amendent - 2 Live Crew vs. Citizens United 

July 14th, 2010, Fairfax, VA—Americans for Limited Government (ALG) today released a new video on Barack Obama's Supreme Court nominee, Elena Kagan, and her contradictory views on the First Amendment as it related to the 2 Live Crew and Citizens United cases:

 

Attachments:

"A Tale of Two Kagans," By ALG News Senior Editor Robert Romano, July 14th, 2010.

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 Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at www.GetLiberty.org.



Thursday
Jul152010

ALG Statement on Obama's $5 Billion "Green" Jobs Initiative 

July 14th, 2010, Fairfax, VA—Americans for Limited Government (ALG) President Bill Wilson today issued the following statement against Barack Obama's proposed $5 billion in additional funds for "green" jobs:

 
"Barack Obama and Harry Reid are proposing an additional $5 billion in taxpayer subsidies to businesses that apparently cannot profit on their own selling inefficient so-called 'clean' energy alternatives, like electric cars, wind and solar.  This comes atop $2.3 billion in 'stimulus' funds that were dedicated to the same purpose.

 

"At a time of unsustainable government spending and debt accumulation, if energy companies cannot make a profit selling these products and utilities, then it is not up to U.S. taxpayers to double-down on an unsuccessful 'green' marketing strategy with another $5 billion in taxpayers handouts. 

 

"The American people want an end to government picking winners and losers in the energy sector with subsidies to politically-favored industries, and instead would prefer lawmakers to lift restrictions on producing nuclear, oil, coal, and natural gas resources that provide the foundation for meeting the nation's power needs."

 

Attachments:

 

"Is the U.S. Killing Green Jobs?" ALG News National Correspondent Rebekah Rast, April 13th, 2010.

 

"The Green Jobs Scam Unmasked," ALG Chairman Howard Rich, February 12th, 2010.