Tag Archives: Socialism

News

France, Germany and Italy warn G20 nations against Obammunism

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I was browsing over at the Anchoress and I found some very interesting links in her link-filled post here. She runs a blog that features a mix of Catholic-oriented reflections and a conservative perspective on the news of the day.

Here’s the part of her post that caught my attention:

Not good: First Putin told him not to, now France and Germany. Boy, didn’t the left HATE when Bush was this stubborn and set on his own way? And he didn’t listen to other countries? I seem to remember the left really, really hating that. About Bush. They hated these things too. When Bush did them.

Here is the warning from France and Germany from the Financial Times, via American Thinker:

Disagreements between the European Union and the US over how to combat the global recession widened on Tuesday as EU governments made clear they had little appetite for piling up more debt to fight the collapse in output and jobs.

Finance ministers from the 27-nation bloc insisted in Brussels that it was doing enough to support world demand and did not need at present to adopt another fiscal stimulus plan, as Washington is urging.

The US-European differences are casting a shadow over next month’s summit in London of leaders from the G20 group of advanced and emerging economies, an event to be attended by Barack Obama on his first visit to Europe as US president.

It’s true that France, Germany and Italy have all elected conservative leaders recently, (along with Japan, Canada, the Czech Republic and Mexico). I thought that these European socialist countries were to the left of the USA. Are we now to the left of France, Germany and Italy?

You might remember that I posted recently about former-communist Russia warning Obama about the dangers of socialism. Former-communist China also warned Obama to stimulate the economy with tax cuts, not spending. Instead, Obama raised taxes and spent trillions.

Canada, Japan and Mexico also elected conservatives governments. Why can’t we be more like them? Why do we have to embrace Obama’s unilateral, cowboy-communism? Why must Obama anger the world with unpopular economic policies that fail the “global test”? Why does Obama make the world hate us?

Commentary

Obama’s first 50 days: worst president ever

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Oh, there’s no doubt that he’s the worst president ever. Gateway Pundit has the re-cap, in point form.

Excerpt:

** He’s lost at least 3 administration nominees due to tax fraud.

** He’s promoted a tax cheat to run the IRS and Treasury.

** The Dow has dropped faster under Obama than any other new president in 90 years.

** Obama’s budget more than doubles the national debt held by the public, and adds more to the debt than all previous presidents — from George Washington to George W. Bush — combined.

** Obama managed to spend more than the wars in Iraq and Afghanistan combined.

** Obama will quadruple the deficit this year.

** Cap & trade was introduced that will cost America 4 million jobs and cost Americans at least $700 per family per year.

That’s just about some of the spending and the socialism. Click here to see more about his energy policy, foreign policy, social policy, trade policy. We’re doomed. We’ve elected an unqualified socialist who does not understand anything about how the world works, on any level.

Also, Gateway Pundit reports here that Obama wants to sign a trade deal with communist Cuba after rejecting a trade deal with our capitalist, pro-American ally Colombia recently. Meanwhile, Canada has a free trade deal signed with Colombia already.

News

Michele Bachmann and Marsha Blackburn defend free market capitalism

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Representative Michele Bachmann
Representative Michele Bachmann

UPDATE: For all the people that are searching for Michele Bachmann, this blog is FILLED with stories on Michele Bachmann!!!  Here is a good summary of some of her best material. Here’s her latest video.

More recent posts

Here are my recent posts on Michele Bachmann:

Videos of Michele and Marsha defending capitalism

Here’s Michele Bachmann, on the floor of Congress, explaining economics and defending free market capitalism. She touches on many important topics: intentions versus incentives, learning from past economic failures, American exceptionalism, economic growth, private ownership of property, the rule of law, private contracts, tax law, the law of unintended consequences and the “forgotten man”.

Well, if we’re going down as a nation, it won’t be because no one understood what was happening. Michele knows – because she is a trained tax lawyer and she understands economics and business – she and her husband Markus own a small business. They have 5 children and 23 foster children, so they know enough not to saddle the next generation of Americans with debt. Life experience matters.

And then there is another “M.B.” in the house, Marsha Blackburn.

Representative Marsha Blackburn
Representative Marsha Blackburn

Marsha Blackburn also voted against porkulus 1 and porkulus 2, and the cramdown bill:

Congressman Marsha Blackburn (TN-7) today voted against passage of H.R. 1106, a housing bill that will allow bankruptcy judges to “cramdown” the principle on a mortgage, change the interest rate, or extend the life of the loan. The consequence of this legislation for new homebuyers and homeowners who have lived within their means is dire. As banks attempt to absorb the cost of crammed down mortgages, they will be forced to raise fees, increase down payment requirements, and increase interest rates for potential home buyers.

“This is yet another bailout for bad actors. It rewards those that gamed the system or knowingly lived beyond their means at the expense of responsible taxpayers. I would have been more comfortable with a bill that helped those who legitimately fell on hard times and excluded unscrupulous borrowers and lenders.” Blackburn said.

“Some of my colleagues claim that this program is cost-free. It isn’t. Struggling banks, who are at the core of our economic problems, will be forced to rebuild their bottom line somehow in order to remain solvent. That cost will be paid for by the first time home buyer who will now have a much harder time getting a mortgage as banks insure themselves against risky loans. It will be paid for by responsible home owners who will watch their bank fees increase as bankruptcy judges cram down home values in their neighborhood.”

Congressman Blackburn supported proposed Republican changes to the bill that would have prohibited taxpayer assistance to any borrower that misrepresented or lied about their income on a mortgage or to any lender that failed to follow proper underwriting standards.

Mary Fallin and Sue Myrick, two of my other favorite representatives, also voted against all 3 of these socialist bills. Not only are these 4 representatives fiscal conservatives, but they are also pro-life.

You might remember that Sue was the one who wanted to revoke Jimmy Carter’s passport when he met with Hamas.

UPDATE: More Michele Bachmann here and here. She is also Mrs November in a new 2010 calendar. A full list of all of my many posts on Michele Bachmann is here.