Tag Archives: Out Of Control Government

Dr. Gina Loudon Talks Tea and Taxes With Neil Cavuto:

By Gary P Jackson

Dr Gina Louden appeared on Your World With Neil Cavuto Monday afternoon. They discuss taxes, wasteful spending, and more.

Follow Dr Louden on Twitter @drginaloudon

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Sarah Palin On Sputnik vs. Spudnut, And A Look Forward To The Future

Above: Governor Sarah Palin meets with Russia’s Ambassador To The United States, Sergy Kislyak

By Gary P Jackson

If our readers checked out coverage of Sarah Palin’s interview with Greta Van Susteren and her follow up posting on Facebook, you know that (A) she has been ripping Obama’s pep rally for even MORE Big Government boondoggles [otherwise known as the SOTU speech] to shreds, and (B) she likes potato flour donuts!

We find it delightful that Sarah was able to use a donut shop with a cool name [and an excellent play on Obama’s Sputnik reference] to illustrate the difference between the American Spirit, American Exceptionalism, and the ability to make one’s dreams become reality in a free society vs the crippling effect of Big Government intervention, and central planning.

Sarah elaborates on Sputnik and Spudnut further:

Please read this article by the Hoover Institution’s Research Fellow Peter Schweizer. Schweizer, who has written extensively on the subject of the decline and fall of the Soviet Union, offers a Washington Post writer an important refresher on the real history of Sputnik, since many critics are engaged in misreporting:

Palin’s other point is that Sputnik was the sort of government bureaucratic program that got the Soviet Union in trouble; it’s an example of what eventually did them in. Citing Wikipedia (what journalistic ingenuity!), Stromberg argues that actually the Soviet Union didn’t have a debt problem until some “thirty years after” Sputnik. Perhaps instead of relying on Wikipedia, Stromberg might have consulted Robert Gates’ book From the Shadows which chronicles, in part, his career as a Soviet analyst at the CIA. (Just in case they are unaware at the Post, this is the same Robert Gates who is now the Secretary of Defense.) On page 173, he accurately points out that the CIA knew early on of the “Soviet economic crisis. From the late 1950s, CIA had clearly described the chronic weaknesses as well as the formidable military power of the Soviet Union.”

Read the whole thing here.

Now, in a recent interview I mentioned analogies that could relate to solutions to our economic challenges, including the difference between a communist government’s “Sputnik” and the private sector’s “Spudnut.” The analogies I mentioned obviously aren’t comparable in size, but highlight a clear difference in economic focus: big government command and control economies vs. America’s small businesses.

If you’re near Richland, WA, you should stop by The Spudnut Shop, where you’ll find an all-American success story of a family owned small business that for over 60 years has been serving up a product that people want to buy. Businesses like this coffee shop don’t receive big government bailouts. They produce something with their own ingenuity and hard work. And here we see the former communist Soviet Union’s advancement (before its government debt-ridden demise) vs. America’s small businesses that are the backbone of our economy.

We’d be well off if we had a greater appreciation for the free market ingenuity of ordinary American entrepreneurs, both great and small – whether they make high-tech gadgets or potato donuts. And this goes for all our small business owners – whether they run a family farm, a commercial salmon fishing business, an auto shop, a print shop, a consulting firm, a restaurant, you name it. Our government should show them more respect by not punishing their success and limiting their ability to hire more people by over-taxing and over-reaching into their businesses. Don’t stifle their growth with burdensome regulations like Obamacare and cap-and-tax. Government should be on their side, not in their way.

I believe and trust in the strength of America’s private sector. But I sometimes fear that the current administration in Washington distrusts or discounts the individuals who have built this country; hence their belief that only a distant bureaucratic elite in D.C. can make decisions for our small businesses that will provide American opportunity. This administration’s thinking is wrong. We don’t need a command and control economy that “invests” our money in their half-baked ideas. We need freedom, reward for hard work, and a re-invigorated sense of personal responsibility and work ethic, especially among our young people.

We need to be as motivated and optimistic as our parents, grandparents, and great-grandparents, many of whom started out with nothing but a dream as they built a life for themselves by the sweat of their brow. They didn’t ask for bailouts. They didn’t expect anything from anyone. They wanted the freedom and opportunity to work hard and prosper by their own merits. If at first they failed, they took their lumps, dusted themselves off, got back up, and tried again until they succeeded. They didn’t retreat. They built this country and they passed on to us more prosperity and opportunity than has ever been bestowed on any generation in human history. We must not squander that inheritance. Let’s get back to their common sense values.

~ Sarah Palin

This is spot on advice. America does need to look back at how our parents and grand-parents handled tough times. Not only making it through them, but coming out stronger, tougher, and more successful, as well.

I feel blessed in many ways. My parents were born in the early 1900s, as WWI was just getting cranked up, and I wasn’t born until much later, when they were in their mid-40s. I had the benefit of parents who lived through two world wars and the Great Depression. They both had a strong work ethic, and a no-nonsense approach to things. I didn’t get to spend as much time with them as most of my peers did their parents, as both passed on early in my life, but the couple of decades I did get to spend with them were essential.

America is in as tough a spot as it has ever been in, but common sense, AND history teach us that government is NOT the answer to our many problems. As Ronald Reagan often said: “Government is not the answer to our problems, government IS the problem.” He was right. Almost every problem we have can be traced back to something government did. Some well meant but misguided program, draconian regulation, or just plain old stupidity.

We need to do everything we can to get government out of our way, off our backs, and helping, not hurting.

We need to get back to First Principles, and our Founding Fathers’ vision for the Republic. One where the cities and states control their destinies, and the federal government stays out of the way, doing what it should do, protecting the nation from it’s enemies, foreign and domestic, while the engine of democracy does it’s thing.

Capitalism works, and works well, but only when government doesn’t meddle. Doesn’t try and pick winners and losers.

Not every business will succeed. Even Spudnuts, which was once a nationwide franchise, fell on hard times, but they survive today as a smaller group of independent owners, and carry on a brand that has been around since 1946. They did this by learning from mistakes, doing what had to be done to survive, and good old fashioned hard work. And, making a good product, as well. Not by government handouts.

Democrats introduced the concept of “too big to fail.” This is a dangerous idea. Also a strange idea coming from people who believe in the THEORY of evolution as fact.

Part of evolution in business, as in the animal kingdom, is survival of the fittest. Just like some species of animals, plants, and what have you, fail, so do some businesses. It’s a natural thing. A healthy thing. We learn more from failure than success. Also getting struggling businesses, that can’t be turned around, liquidated, helps strengthen the market as a whole. Works the same way in the plant and animal world as well.

Government “investment” in failing businesses and “concepts” only continues to prop up the walking dead, and wastes billion, if not trillions of dollars on things that will never be.

The entire “green economy” would collapse tomorrow if the hundreds of billions of tax payer dollars stopped propping them up. But the “wise men” in Washington [and some “good old boys” on the take] have decided they are smarter than the markets, and have thrown common sense to the wind, literally, pushing an agenda few want, and one that cannot survive in the free market.

The “green economy” has failed the “survival of the fittest” test. It’s failed to “evolve” into a viable business. We’ve been funding “green” for almost a century. Time to let it sink or swim on it’s own, and stop throwing good money [that we don’t have] after bad.

The same goes for other failed ideas. Time to just let go. 

We must be smarter. We must tell the federal government to cease and desist. It’s well past time to stop the Soviet style central planning of our economy, and our lives. It has been a miserable failure. It has put us over $14 trillion in debt. That’s basically 100 percent of the nation’s yearly gross domestic product! [GDP] It’s beyond simply unsustainable, it’s a serious national security risk. The very nation could collapse under the weight of the debt. Simply cease to exist.

Washington wants to GROW the debt more and control even MORE of our lives from the central office in D.C.

This is unacceptable. The great American Experiment has always thrived when government was held at bay, and hard working American were left alone to do their thing. It’s time to DEMAND this be the case once again, and take solid steps to make sure it is ALWAYS the case moving forward.

Sarah Palin is the nation’s only top leader who is making this case for the American people. She gets it. This is why we must get behind her efforts to bring REAL CHANGE to America.

BTW, Sarah has visited The Spudnut Shop in Richland, WA and the Tri-City Herald reports on local reactions to this story and has a photo gallery of her visit. You can check that out here.

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Sarah Palin Slams The Obama Regime For Institutionalizing Crony Capitalism

This is gonna leave a mark:

Institutionalizing Crony Capitalism

In the wake of the recent financial meltdown, Americans know that we need reform. Not only have many individuals learned lessons about personal responsibility through this, but we’ve been able to engage in a discussion about government’s appropriate role.

The current debate over financial reform demonstrates what happens when political leaders react to a crisis with a raft of new regulations. First off, the people involved in writing government regulations are often lobbyists from the very industry that the new laws are supposed to regulate, and that’s been the case here. It should surprise no one that financial lobbyists are flocking to DC this week. Of course, the big players who can afford lobbyists work the regulations in their favor, while their smaller competitors are left out in the cold. The result here are regulations that institutionalize the “too big to fail” mentality.

Moreover, the financial reform bill gives regulators the power to pick winners and losers, institutionalizing their ability to decidewhich firms to rescue or close, and which creditors to reward and how.” Does anyone doubt that firms with the most lobbyists and the biggest campaign donations will be the ones who get seats in the lifeboat? The president is trying to convince us that he’s taking on the Wall Street “fat cats,” but firms like Goldman Sachs are happy with federal regulation because, as one of their lobbyists recently stated, “We partner with regulators.”

They seem to have a nice relationship with the White House too. Goldman showered nearly a million dollars in campaign contributions on candidate Obama. In fact, J.P. Freire notes that President Obama received about seven times more money from Goldman than President Bush received from Enron. Of course, it’s not just the donations; it’s the revolving door. You’ll find the name Goldman Sachs on many an Obama administration résumé, including Rahm Emanuel’s and Tim Geithner’s chief of staff’s.

We need to be on our guard against such crony capitalism. We fought against distortion of the market in Alaska when we confronted “Big Oil,” or more specifically some of the players in the industry and in political office, who were taking the 49th state for a ride. My administration challenged lax rules that seemed to allow corruption, and we even challenged the largest corporation in the world at the time for not abiding by provisions in contracts it held with the state. When it came time to craft a plan for a natural gas pipeline, we insisted on transparency and a level playing field to insure fair competition. Our reforms helped reduce politicians’ ability to play favorites and helped clean up corruption. We set up stricter oversight offices and ushered through a bi-partisan ethics reform bill. Far from being against necessary reform, I embrace it.

Commonsense conservatives acknowledge the need for financial reform and believe that government can play an appropriate role in leveling the playing field and protecting “the dynamism of American capitalism without neglecting the government’s responsibility to protect the American public.” We’re listening closely to the reform discussion in Washington, and we know that government should not burden the market with unnecessary bureaucracy and distorted incentives, nor make a dangerous “too-big-to-fail” mentality the law of the land.

– Sarah Palin

Stopping corruption, and having complete transparency in government,  is a subject Sarah Palin knows a little something about. Above she modestly talks about taking on “Big Oil” in Alaska. That was an epic battle!

In fact, Sarah’s successful efforts to stop the cronyism and reform the energy business in Alaska were so impressive Kay Cashman, the publisher and executive editor of Petroleum News, wrote the book entitled: Sarah Takes On Big Oil. This is a must read for anyone who wants to understand the leadership Sarah Palin has exhibited in the area of reforming government and industry. You can pick up a copy from Amazon.com here.

We should also remember that Sarah, while working as the state’s chief energy and environmental regulator, found massive corruption within her own Republican Party. Those included were the party chairman, and a former Attorney General. When she was through fines were paid, and some were trotted off to prison.

Contrast Sarah with Barack Obama. Chicago is world famous for it’s corruption. Being a corrupt Chicago politician is almost a given, especially if one is a member of the democrat party. The guy who is running for Obama’s old seat has Mob connections for God’s sake! While Obama was putting on a dog and pony show today on Wall Street, he was pretty silent all those years when he was in an incredibly target rich environment.

The difference between the courage Sarah Palin shows standing up to corruption vs Obama’s willingness to wallow in it, is breathtaking.

What’s very interesting about the snake oil Obama was peddling today is the fact that as soon as he was done with his circus act, he and his cronies retired to a swanky $30,000 a plate fund raising dinner attended by the same “greedy Wall Street bankers” he had just went off on!

One has to ask what the real end game is here. Is this another Big Government, power grab, where Obama is trying to impress the Castro(s) and the Chavez(s) of the world with the speed he can take over the economy, and turn America into a communist hell hole, a banana republic, or is this a good old fashioned Chicago style shake down, with Wall Street paying “tribute” to the head of this gangster government?

Hard to know, could be a little of both.

Michelle Malkin notes there sure are a lot of ex-Goldman Sachs people now working for the Obama regime:

All the president’s Goldman Sachs men

While President Obama assails the culture of greed and recklessness practiced by the men of Goldman Sachs, his administration is infested with them. The White House can no more disown Government Sachs than Da Boss-in-chief can disown Chicago politics.

Obama is headed to Wall Street on Thursday to demand “financial regulatory reform” — just as the U.S. Securities and Exchange Commission has filed civil suit against Goldman Sachs for mortgage-related fraud. Question the timing? Darn tootin’. There are no coincidences in the perpetually orchestrated Age of O. Everyone from disgraced former New York Attorney General Eliot Spitzer to analysts at the Brookings Institution and Barclays Capital to the GOP leadership and Rush Limbaugh has noted the reeking political opportunism in the air.

As the New York Post reported Tuesday, the Democratic National Committee immediately bought sponsored Internet ads on Google that direct web surfers who type in “Goldman Sachs SEC” to Obama’s fundraising site. “It’s time to hold the big banks accountable,” the money-grubbing DNC message bellows. But just like his crony capitalist predecessor George W. Bush, Obama has relied on Goldman Sachs and Wall Street power brokers to engineer massive government interventions to “rescue” failing businesses with the tax dollars of ordinary Americans.

While irony-challenged Democratic candidates like mob-linked banker Alexi Giannoulias in Illinois (who hopes to fill Obama’s old Senate seat) call on Republicans to return their fat-cat Goldman Sachs donations, the Democrats are silent on the $994,795 in Goldman Sachs campaign cash that Obama bagged. The class-warfare Dems are also mum on all the president’s Goldman Sachs men sitting in the catbird’s seat:

You can read more and check out the updates here.

One of Michelle’s readers asks:

Who made money off SEC/Goldman Sachs announcement?

Reader Daryle wants to know. He e-mails:


On Friday tens of millions of dollars, possibly hundreds of millions were made or lost on Goldman Sachs stock and options.


Friday was option expiry which meant puts and calls, the right to sell or buy Goldman Sachs stocks at preset prices expired. Goldman Sachs puts – the right to sell stock at a set price – increased at some strike prices by more than a hundred fold.


The SEC announcement cause this to happen in the space of two hours. At 12:00 pm Friday trading in April puts and calls ceased trading. Those who sold calls or bought puts before the announcement made big money.


Somebody made at the least tens of millions, probably a lot more because of the announcement.


It would be interesting to know who they were and what they knew in advance.

As the photo on her website suggests, the big benefactor in this whole deal could very well be Nazi collaborator, self-proclaimed “owner of the democrat party” and Obama puppet master extraordinaire: George Soros.

Remember, Soros made his billions by crashing the British pound and has reportedly done very well betting against the American economy since Obama has been in office. Of course who could forget the fact that just three days after Soros purchased controlling interest in Brazilian oil company Petrobas, Obama sent $10 billion down there so the Brazilian oil giant could do more off shore oil exploration. These were ten billion tax payer dollars.

Let us also remember that Obama has also effective shut down all meaningful off shore oil exploration in the United States, even stopping already scheduled lease sales. We absolutely know who this little deal helps!

For a radical Marxist, who continually prattles on about the evils of capitalism, and “rich fat cats” he sure doesn’t have a problem engaging in massive corruption to help out his incredibly rich buddy Soros, does he?

With apologies to Winston Churchill, Obama is a riddle, wrapped in a mystery, inside an enigma. This is why he is so hard to pin down. Is he a radical communist bent on destroying America and the American way by any and all means possible, or is he Chicago street thug…a two bit gangster…an incredibly corrupt human being who is on the take?

I’d have to say: Yes!

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