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Commentary

How much profit does the non-profit Planned Parenthood make?

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This article from the American Spectator provides the answer.

Excerpt:

Left-wing activists are indignant at obscene oil company profits, hefty CEO bonuses, and sweet golden parachutes — but what about expansion of the No. 1 violator of human rights in the United States?

No, it’s not Dick Cheney and the CIA. It’s Planned Parenthood. The abortion giant took home $85 million in “excess of revenue over expenses” (a nifty way of saying profits) and had an operating budget of over $1 billion for the 2007-2008 fiscal year, according to its latest annual report. Included in that budget was $350 million in “government grants and contracts” (an equally nifty way of saying your tax dollars). An increase in the number of abortions performed helped fuel the profits.

Should government money be going to special interest groups that helped Obama to get elected?

Uncle Sam helps, too. The federal government has morphed into Planned Parenthood’s sugar daddy, and the co-dependency is only going to get worse in the age of Obama. Fully one-third of the organization’s revenue last year came from the government, compared with less than one-fourth from private contributions. If Planned Parenthood can’t get your money voluntarily, its advocates in Congress will coercively.

That’s why limited government advocates have a stake in the pro-life cause. On April 15, over one million Americans flocked to state capitals, public parks, and town halls to protest runaway government spending — and rightly so. Although most of the movement’s furor was directed at bailouts and stimulus packages, government’s love tryst with the abortion lobby should be exhibit A in the tea partiers’ future arsenal.

The first target should be Obama’s executive order rescinding the Mexico City Policy, which had ensured that American taxpayer funds would never be used for overseas abortions. The move didn’t get much ink because of the media’s preoccupation with the economic crisis, but it stands as an example of both Obama’s abortion radicalism and intention, even in a troubled economy, to throw public money at groups that helped him get elected.

Yet another reason why fiscal conservatives should be social conservatives.

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Commentary

Why do Democrats live far beyond their means?

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Republicans typically enjoy massive support from people who actually know how the world works, namely, small business owners, investors and entrepreneurs. But do Barack Obama and his new Supreme Court nominee know how the world works?

Sonia Sotomayor

Let’s look at Obama’s Supreme Court nominee first.

Here is what she says:

I would hope that a wise Latina woman with the richness of her experience would more often than not reach a better conclusion than a white male who hasn’t lived that life.

So she discriminates against people based on sex and race. There are words for people who discriminate against others based on sex and race.

The American Thinker reports on how she lives within her means: (H/T Commenter ECM)

Sotomayor’s annual earnings come to $196,000 a year ($170,000 a year as an appeals judge and $26,000 for part-time teaching). She has served as an appeals judge for 17 years. This service was preceded by lengthy tenure at a corporate law firm of Pavia and Harcourt, where she was a partner, and presumably was well compensated.

Yet after a career that has spanned 25 years, Ms Sotomayor only has one thousand dollars in net savings. As reported in the New York Post, Sotomayor’s bank account holds $31,985. Her credit cards debts are $15,823, and she has $15,000 in unpaid dental bills. That leaves her with $1,162. Sotomayor’s total assets, revealed as $708,068, consist almost entirely of equity in her Manhattan apartment.

And here is what it means for us:

If confirmed as a Supreme Court justice, Ms Sotomayor will be ruling on numerous cases that involve investors, savers, corporate profits, business regulation, and related free-market issues…. the fact that Ms Sotomayor, after so many years of highly paid professional work, has no savings or investments and no experience or apparent “empathy” with savers or investors, should be highly troubling to the tens of millions of Americans who do have investments, 401Ks, and personal savings.

And here is how this has affected her previous rulings:

In one of her most important rulings (as reported in the New York Times), Sotomayor ruled that corporations must address environmental concerns in the most radical manner without consideration of the cost. If one particle of pollutant remains to be removed, even at the cost of bankrupting all of the companies in the S&P 500 index, that particle must be removed. If a small business has failed to purchase the most advanced equipment available to address environmental concerns, even if the price of that equipment is one hundred times the revenue of the business in question, the equipment must be purchased. That is how much “empathy” we can expect from Judge Sotomayor.

If she is confirmed, she will probably hurt our free market capitalist system, and the liberties grounded by it. The more that the court hurts business and commerce with judicial activism, the more we lose our jobs, our incomes and our liberty itself.

Barack Obama

Now, let’s take a look at how Obama lives. First of all, it’s well known that Obama was raised with a silver spoon in his mouth and went to all the best private schools, where he snorted expensive cocaine. And he awarded massive taxpayer grants to the hospital where his wife worked after her salary was nearly tripled.

The National Review reports:

One of Obama’s Earmark Requests Was for the Hospital That Employs Michelle Obama.

Dan Riehl notes, via Amanda Carpenter, that in the list of earmarks he requested, $1 million was requested for the construction of a new hospital pavilion at the University Of Chicago. The request was put in in 2006.

You know who works for the University of Chicago Hospital?

Michelle Obama. She’s vice president of community affairs.

As Byron noted, “In 2006, the Chicago Tribune reported that Mrs. Obama’s compensation at the University of Chicago Hospital, where she is a vice president for community affairs, jumped from $121,910 in 2004, just before her husband was elected to the Senate, to $316,962 in 2005, just after he took office.”

The NY Daily News reports on how well the Obamas live within their means. (H/T Sweetness and Light)

A close examination of their finances shows that the Obamas were living off lines of credit along with other income for several years until 2005, when Obama’s book royalties came through and Michelle received her 260% pay raise at the University of Chicago. This was also the year Obama started serving in the U.S. Senate.

In April 1999, they purchased a Chicago condo and obtained a mortgage for $159,250. In May 1999, they took out a line of credit for $20,750. Then, in 2002, they refinanced the condo with a $210,000 mortgage, which means they took out about $50,000 in equity. Finally, in 2004, they took out another line of credit for $100,000 on top of the mortgage.

Tax returns for 2004 reveal $14,395 in mortgage deductions. If we assume an effective interest rate of 6%, then they owed about $240,000 on a home they purchased for about $159,250.

This means they spent perhaps $80,000 beyond their income from 1999 to 2004.

The Obama family apparently had little or no savings during this period since there was virtually no taxable interest shown on their tax returns.

These numbers clearly show the Obamas were living beyond their means and they might have suffered financially during the decline in housing prices had they relied on taking ever larger amounts of equity from their home to pay the bills.

And what did the Obamas learn from this?

But in 2005, Obama’s book sales soared and the royalties poured in. Michelle explained, “It was like Jack and his magic beans.”

Without those magic beans, the Obama family would have eventually suffered the consequences of too much debt.

President Obama has never faced consequences in his private life when it comes to managing money. He always had enough money simply by borrowing more and more. And just when things got tight, those magic beans came along to save the day.

I guess this explains Barack Obama’s fiscal policy and his surprise at the consequent surge in unemployment. But he can count on his new judge to back him to the hilt in all of his unconstitutional interventions in the free market – neither of them knows the slightest thing about saving and investing… just borrowing and spending.

News

Why social conservatives should be fiscal conservatives

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UPDATE: Welcome visitors from the Maritime Sentry! Thanks for the link!

We socially-conservative men need lots of things in order to have a successful family, and those things are all supported by free market capitalism.

Here is what I would need to marry and to run a family:

  • a job
  • the ability to to keep almost all of what I earn
  • the ability to spend what I earn on whatever I want
  • complete freedom from government influence across the board
  • the ability to find Christian services and products in the marketplace
  • the ability to find a new job if I get terminated for being a public Christian at work

The best way to achieve my social conservative goals is by voting for the economic system that will allow me to get the money and liberty to pursue the social goals.

Here are some things that raise the price of consumer goods and reduce my opportunities to find employment: (add yours in the comments)

  • workers unions
  • tariffs
  • corporate taxes
  • regulations
  • environmentalists
  • trial lawyers

And here are some others that have other nasty effects:

  • public schools: they substitute PC leftist indoctrination for a real education
  • teacher’s unions: they deny me school choice, protect unqualified teachers and indoctrinate my children with lefty crap
  • welfare programs: they waste tax money and destroy the need for real men and diminish the role of husbands and fathers
  • gun control: they disarm the law-abiding sector of the society in order to protect criminals
  • feminists: they reduce the pool of marriage-minded women by indoctrinating women to oppose chastity, family, men, God and children… and they favor no-fault divorce
  • socialists: they want government to control how I can spend my money on things like health care – they don’t want me to buy health care myself, they want me to pay for everyone else’s health care and then get in line
  • secularists: they are annoyed by the thought that I might spend my money in ways that increases the influence of Christianity and they will try to stop me from doing so
  • naturalists: they waste money speculating about ways to explain the effects of intelligence in nature without implicating an intelligence

Many of these aggravating factors have gotten worse because of the recession. We know why we are in a recession right now: because the Democrats forced banks to make loans to people who could not afford them. Obama himself worked for ACORN to sue banks like Citibank.

Consider this article from the American Thinker to see how Obama has affected the businesses where people work to earn the money they need to fuel their marriage and parenting activities.

Excerpt: (H/T 1RedThread)

On Thursday, May 14, 2009 I was notified that my Dodge franchise, that we purchased, will be taken away from my family on June 9, 2009 without compensation and given to another dealer at no cost to them. My new vehicle inventory consists of 125 vehicles with a financed balance of 3 million dollars.  This inventory becomes impossible to sell with no factory incentives beyond June 9, 2009. Without the Dodge franchise we can no longer sell a new Dodge as “new,” nor will we be able to do any warranty service work. Additionally, my Dodge parts inventory, (approximately $300,000.) is virtually worthless without the ability to perform warranty service.  There is no offer from Chrysler to buy back the vehicles or parts inventory.
Our facility was recently totally renovated at Chrysler’s insistence, incurring a multi-million dollar debt in the form of a mortgage at Sun Trust Bank.
…This is beyond imagination!  My business is being stolen from me through NO FAULT OF OUR OWN.  We did NOTHING wrong.This atrocity will most likely force my family into bankruptcy.  This will also cause our 50+ employees to be unemployed. How will they provide for their families?  This is a total economic disaster.

Obama has destroyed capitalism and the rule of law in this country. What happens to a man who has his means of earning a living, which is the fuel of his marriage and parenting engine, removed? Obama took trillions from the private sector to spend on his own special interest groups, like ACORN and auto worker’s unions.

Wrecking the economy is good for Democrats because their goal is to replace responsible men with the federal government. Single women, who vote overwhelmingly Democrat, prefer the guarantee of security from government handouts over the responsibility of having to choose and relate to a moral, responsible husband and father.

Here is the article from the Wall Street Journal:

And the excerpt:

For example, for black males ages 20 to 24, the unemployment rate is close to 50 percent; in the black community overall, men have absorbed 100 percent of the job losses 463,000 jobs since the recession started in November 2007.

And even if the economy grows by the forecasted 1.3 percent, it’s not enough to create job growth, says Mr. Sum, who doesn’t anticipate any net job growth until 2011.

“From a fatherhood perspective, it’s going to have an enormous impact on an already fragile community,” says Roland Warren, president of the National Fatherhood Initiative, a nonprofit group aimed at “increasing the proportion of children growing up with an involved, responsible and committed father.”

“So much of the traditional view of the father revolves around his ability to provide,” says Mr. Warren, who writes a column for The Washington Times.

…Meanwhile, black women have experienced a small net job gain during this recession, mainly due to the fact that they are overwhelmingly employed in health care and education, two sectors that haven’t experienced huge layoffs since November 2007, Mr. Sum says.

The article tries to make a case that men can have an influence in the family without earning money. In the vast majority of cases that is just not going to work. Men need to have authority in the family to have a positive impact, and that authority that is guaranteed by their role as primary provider.

Let me be clear. Welfare programs that reward people for choosing to have children from the wrong sorts of men come at the expense of good men. Good men pay the taxes for the welfare, and good men are passed over because the government is a substitute – a safety net – which removes the need for women to be choosy about men. When you have compassion on people for choosing bad men, you are encouraging them to continue to do so.

Before you vote, think about whether government welfare programs are an adequate substitute for a husband and father. You can have one or the other, but you can’t have both. I know an awful lot of single-mothers who voted Democrat in the last election and had no idea that they had just voted to destroy the male roles of husband and father. Ideas have consequences.

Further study

Recently, I blogged about how government intrudes into the family and about the myth of “dead-beat Dads”. And about how the feminist state’s discrimination against male teachers is negatively impacting young men. And there is my series on how Democrat policies discourage marriage: Part 1 is here and Part 2 is here and Part 3 is here.