Posts Tagged ‘Global Poverty Act’

AP Rips Obama Infomercial On Facts, Honesty

October 30, 2008

By and large, the media has utterly failed to analyze Obama’s fanciful rhetoric to check for facts or for honesty.  Study after study has shown a profound mainstream media bias favoring Obama and attacking McCain.  A prominent ABC journalist called this bias “a very, very dangerous game … with the Constitution.”

A brand new study by the Project for Excellence in Media came out yesterday with absolutely devastating results on rampant media bias.

We’ll quickly be able to see the media bias, as people appearing on Obama’s infomercial – such as Roberta Johnston, Larry Stewart, and Mark and Melinda Dowell – either get their lives microscopically investigated the way Joe the Plumber did or not.  The media witch hunt (a.k.a. “investigative journalism“) into the life of Joe the Plumber – who drew a vicious media backlash for merely asking Obama a simple question outside his own home – was an unprecedented intrusion into a private citizen by a media machine that was determined to dredge up dirt on him.  If they go after Obama infomercial’s citizens the same way (can she really only afford to buy half a gallon of milk?  Did that mother buy herself a pair of shoes rather than buy snacks for her children?) I’ll be very much surprised.

Still, every so often some reporter actually tries to be fair.  And in the aftermath of Barack Obama’s $3 million infomercial spectacular, in a campaign in which Obama is outspending McCain 4-1 after Obama broke his promise to accept public financing, a little bit of objectivity is better than nothing at all.  So it was refreshing that Associated Press writer Calvin Woodward finally took a critical look at claims that Obama has been making with virtually no media scrutiny for months:

WASHINGTON – Democratic presidential candidate Barack Obama was less than upfront in his half-hour commercial Wednesday night about the costs of his programs and the crushing budget pressures he would face in office.

Obama’s assertion that “I’ve offered spending cuts above and beyond” the expense of his promises is accepted only by his partisans. His vow to save money by “eliminating programs that don’t work” masks his failure throughout the campaign to specify what those programs are — beyond the withdrawal of troops from Iraq.

A sampling of what voters heard in the ad, and what he didn’t tell them:

THE SPIN: “That’s why my health care plan includes improving information technology, requires coverage for preventive care and pre-existing conditions and lowers health care costs for the typical family by $2,500 a year.”

THE FACTS: His plan does not lower premiums by $2,500, or any set amount. Obama hopes that by spending $50 billion over five years on electronic medical records and by improving access to proven disease management programs, among other steps, consumers will end up saving money. He uses an optimistic analysis to suggest cost reductions in national health care spending could amount to the equivalent of $2,500 for a family of four. Many economists are skeptical those savings can be achieved, but even if they are, it’s not a certainty that every dollar would be passed on to consumers in the form of lower premiums.

THE SPIN: “I also believe every American has a right to affordable health care.”

THE FACTS: That belief should not be confused with a guarantee of health coverage for all. He makes no such promise. Obama hinted as much in the ad when he said about the problem of the uninsured: “I want to start doing something about it.” He would mandate coverage for children but not adults. His program is aimed at making insurance more affordable by offering the choice of government-subsidized coverage similar to that in a plan for federal employees and other steps, including requiring larger employers to share costs of insuring workers.

THE SPIN: “I’ve offered spending cuts above and beyond their cost.”

THE FACTS: Independent analysts say both Obama and Republican John McCain would deepen the deficit. The nonpartisan Committee for a Responsible Federal Budget estimates Obama’s policy proposals would add a net $428 billion to the deficit over four years — and that analysis accepts the savings he claims from spending cuts. The nonpartisan Tax Policy Center, whose other findings have been quoted approvingly by the Obama campaign, says: “Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next 10 years.” The analysis goes on to say: “Neither candidate’s plan would significantly increase economic growth unless offset by spending cuts or tax increases that the campaigns have not specified.”

THE SPIN: “Here’s what I’ll do. Cut taxes for every working family making less than $200,000 a year. Give businesses a tax credit for every new employee that they hire right here in the U.S. over the next two years and eliminate tax breaks for companies that ship jobs overseas. Help homeowners who are making a good faith effort to pay their mortgages, by freezing foreclosures for 90 days. And just like after 9-11, we’ll provide low-cost loans to help small businesses pay their workers and keep their doors open. ”

THE FACTS: His proposals — the tax cuts, the low-cost loans, the $15 billion a year he promises for alternative energy, and more — cost money, and the country could be facing a record $1 trillion deficit next year. Indeed, Obama recently acknowledged — although not in his commercial — that: “The next president will have to scale back his agenda and some of his proposals.”

There are some facts to consider about Barack Obama’s health care plan that he failed to tell you last night:

One thing is extremely important to understand: Obama’s health care plan is modeled on the Massachusetts plan.  How are things going there?  Well, in the three years of the program’s existence, the tiny state is now already facing cost overruns of over $400 million.  Does that sound like a rousing success?  Massachusetts is facing a projected 85% increase in its costs by 2009 – which should set up a serious red flag that such programs are MASSIVELY underfunded.

Barack Obama’s health care plan is estimated to cost $1.6 trillion in 10 years.  But that doesn’t take into account the very sort of cost overruns and cost increases that are even now plaguing the very state that Obama is basing his own plan upon.  What is going to happen to our economy given the extremely real likelihood that Obama’s massive national plan runs into similar issues?  Do you believe our economy is strong enough to bear the brunt of these massive cost increases in this current climate?

In the aftermath of the unpopular $850 billion bailout of the economy, it is extremely relevant to question what Obama would do in light of a $1 trillion annual federal budget deficit and an over $10 trillion national debt.  That said, you’d probably want to hear about Obama’s sponsering of an $845 billion Global Poverty Act:

Sen. Barack Obama, perhaps giving America a preview of priorities he would pursue if elected president, is rejoicing over the Senate committee passage of a plan that could end up costing taxpayers billions of dollars in an attempt to reduce poverty in other nations.

The bill, called the Global Poverty Act, is the type of legislation, “We can – and must – make … a priority,” said Obama, a co-sponsor.

And it is also critical to realize that while Obama promises to provide alternative energy which will free us from dependence on foreign oil, his plan will produce nowhere near enough energy to even begin to end our dependence on foreign oil.  Obama has been part of the Democratic trifecta with Harry Reid and Nancy Pelosi, and you simply cannot trust them to dramatically increase our production of domestic oil, which we desperately need.  Gasoline and heating oil have dropped recently, but it is only a matter of time before OPEC cuts its production in order to drive the prices back up, and the very real possibility of a crisis in the Middle East could cripple us at any moment.

It’s too bad that Woodward didn’t more critically examine Obama’s tax plan, and questioned whether it was a good idea to dramatically increase taxes on capital gains, and on corporations and businesses during a time when we need more jobs and a stronger economy.

All that said, it’s good that at least one journalist from one publication took a stab at taking a critical examination of Obama’s infomercial promises and claims.

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Actual Job Creators Favor McCain 4-1 Over Obama

October 20, 2008

It aint just Joe the Plumber; chief executive officers have a lot of problems with Barack Obama’s socialism, too.

Obama’s “spread the wealth around” answer to plumber Joe Wurzelbacher about the fact that his buying a plumbing business would put him into Obama’s $200,000 class warfare zone is the quintessential definition of socialism.  There literally could not be a better four-word definition.  It should infuriate Joe.

“Small businesses” which can employ as many as 500 people and gross millions of dollars, employ 84% of American workers.  And of those businesses that employ just ten or more workers, an overwhelming majority would fall under Obama’s federal income tax increase.  80% of the people who would their taxes increase significantly under Obama’s plan are small business owners.  Partnerships, sole proprietors, S corporations–80 percent of the tax returns are in those brackets that Obama considers rich.  Under Obama’s plan, a lot of ordinary workers will lose their jobs as employers struggle to retain profitability or even make payroll.

People are most concerned about jobs right now; maybe they should stop listening to mainstream media ideologues and start listening to the people who actually create jobs:

Chief Executive Magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

Disastrous for the country.”  That doesn’t sound good.  And that’s about as optimistic as the CEO’s get about Barack Obama:

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Bankrupt the country within three years.”  There.  You want socialism, you can have it.  “Spread the wealth around” so that country itself is as broke as the defaulting homeowners and the defaulting mortgage houses we keep hearing about.

One thing is extremely important to understand: Obama’s health care plan is modeled on the Massachusetts plan.  How are things going there?  Well, in the three years of the program’s existence, the tiny state is now already facing cost overruns of over $400 million.  Does that sound like a rousing success?  Massachusetts is facing a projected 85% increase in its costs by 2009 – which should set up a serious red flag that such programs are MASSIVELY underfunded.

Barack Obama’s health care plan is estimated to cost $1.6 trillion in 10 years.  But that doesn’t take into account the very sort of cost overruns and cost increases that are even now plaguing the very state that Obama is basing his own plan upon.  What is going to happen to our economy given the extremely real likelihood that Obama’s massive national plan runs into similar issues?  Do you believe our economy is strong enough to bear the brunt of these massive cost increases?

Did you like that $850 billion government bailout of the US economy?  No?  Then you probably won’t like Obama’s $845 billion bailout of the world, either.

Sen. Barack Obama, perhaps giving America a preview of priorities he would pursue if elected president, is rejoicing over the Senate committee passage of a plan that could end up costing taxpayers billions of dollars in an attempt to reduce poverty in other nations.

The bill, called the Global Poverty Act, is the type of legislation, “We can – and must – make … a priority,” said Obama, a co-sponsor.

Barack Obama also wants to push alternative energy whether the market wants it or not by dredging up yet another $150 billion from the great-great-great grandchildren of taxpayers while ignoring oil and nuclear power.  He claims he is not opposed to these – now.  But he consistently has been, along with Harry Reid and Nancy Pelosi, and his carefully-phrased distinctions guarantee we would see neither domestic oil or nuclear power during any administration of his.  The problem is, alternative energy will not be able to even begin to make a dent in our energy demand for decades to come.  Oil products constitute nearly 90% of our energy.  And Obama’s “safety regulations” would ensure that the only alternative energy source that even could conceivably lessen our need for oil, gas, and coal – nuclear power – would be unable to even get through the permit process during an Obama presidency.  Saying you “won’t take it off the table” is a far cry from supporting it, especially when you attack the candidate who supports it.

And Obama favors raising capital gains taxes, windfall profits taxes, death taxes, and significantly higher taxes for “the rich.”  At a time when we desperately need investment – which is why the government has been pumping in so many billions – Barack Obama wants to create a powerful negative disincentive to invest in the economy.  Everyone will ultimately pay more because of Obama’s tax plan as businesses pass their additional costs on to consumers through higher prices.  Worse, as Obama finds his income tax base shrivel up, the politician who supported tax increases on those making just $42,000 a year will levy higher taxes on larger groups of tax payers.  The percentage of tax payers in Obama’s “top 5%” have already shrunk by half due to the recent finacial meltdown.  In short, Obama’s tax plan will fail.

By the way, that overwhelming 4-1 preference for McCain over Obama on handling the economy is nearly matched by a better than 3-1 preference for professional soldiers for McCain over Obama on handling our wars and our defense.

What McCain-Palin Need To Do From Tonight’s Debate Till Election Day

October 7, 2008

John McCain is being saddled with the anger and fear of voters over the financial collapse, according to most polls.  Up until this week, neither President Bush, Senator McCain, Governor Sarah Palin, or most Republicans bothered to respond to the repeated Democrat charges that this fiasco was the result of the “failed policies of the last eight years.”

That perception needs to be changed by through a deliberate and sustained effort.  It needs to begin tonight.  And it needs to continue until November 4.

Barack Obama has been arguing that “guilt by association” is invalid.  But Obama’s central charge against John McCain amounts to pure guilt by association: John McCain is NOT George Bush, and he has never BEEN George Bush.  His entire career stands as a screaming testimony to the fact that he is very much his own man.

John McCain needs to find a few popular measures that President Bush supported and ask Barack Obama, “Do you oppose this because President Bush was for it?  How about this?  And this?”

When Barack Obama again and again says that John McCain has voted with George Bush 90% of the time, McCain needs to remind voters that Barack Obama has voted with Nancy Pelosi and Harry Reid fully 97% of the time.  He needs to remind voters that Barack Obama is the personification of a Democrat-controlled Congress that has a 9% approval rating – the worst in American history; worse than the 12% rating Congress had in 1979.  Meanwhile, even Barack Obama has voted with Bush 40% of the time, and more conservative Democrats like Louisiana Senator Mary Landrieu have voted with Bush over 70% of the time.

Given the fact that Democrats are likely to not only continue to hold power – and even expand their power to a filibuster-proof majority -this economy cannot afford the domination of tax-and-spend socialist liberals in total control of our government.

John McCain and Sarah Palin need to examine Barack Obama’s tax plan.  Obama claims that 95% of Americans would get a tax cut; the Republicans need to ask Obama if he actually believes that every single American pays taxes, such that 95% of Americans would receive a cut, and 5% would face a steep increase.  Do Barack Obama’s two little girls pay taxes?  How can he possibly give a “cut” to 95% of Americans?  In reality, Barack Obama is using the IRS tax code to give at least 30% and as many as 40% of American tax filers who DON’T pay federal income taxes what amounts to a welfare check.  And that is hardly what this economy needs right now.  Republicans need to point out that Barack Obama will heavily increase the taxes of small business owners and people who invest in jobs and supply the money this country needs in order to grow and expand.

When you tax small business owners, they lay off employees; when you tax investors, they shelter their money.  And that is hardly what this economy needs right now.

Barack Obama wants to give away another $845 billion dollars of American taxpayer money to the poor of the world in his Global Poverty Act.  It would cost each citizen at least $2500.  And that is hardly what this economy needs right now.

Barack Obama wants to massively socialize the American health care system – which represents about a quarter of the American economy.  He makes a lot of promises, but the costs would be staggering.  Massachusetts passed a law mandating universal coverage that promised to lower costs in utopian fashion; it is now facing $400 million in cost overruns in small state population in a short period of time.  Barack Obama’s plan would be the same sort of disaster on a far more massive scale.  And that is hardly what this economy needs right now.

Barack Obama is trying to blame President Bush and Republicans for the financial disaster when Democrats are all over it.  John McCain needs to point out that past Obama advisor Franklin Raines was involved in massive fraud and chicanery of Fannie Mae just a couple years ago.  He needs to point out that Obama advisers – and lifelong Democrats – Jim Johnson, Franklin Raines, and Jamie Gorelick raided well over $300 million in bonus money from Fannie Mae even as the agency was crumbling.  McCain needs to point out that Republicans DID try to regulate Fannie Mae and Freddie Mac – which held over $5 trillion in mortgage assets – but that Democrats repeatedly blocked those attempts at regulation in the name of keeping the flow of mortgage loans available to poor and minority home buyers who couldn’t repay their obligations.  John McCain needs to point out that he himself prophetically warned the American people of this crisis two years ago when something could have been done to prevent this fiasco.  McCain needs to point out that Barack Obama himself has personally been deeply in the pockets of Fannie Mae and Freddie Mac – as well as corrupt and negligent Lehman Bros – at a rate that goes far beyond anyone else in Congress.  And that his relationship as an instrumental part in securing these terrible subprime loans with Fannie Mae go back to his days as a radical ACORN organizer.

John McCain needs to use Barney Frank as the poster child of Democratic negligence over Fannie Mae and Freddie Mac.  Barney Frank – who had an inappropriate (homo)sexual relationship with a key Fannie Mae official even when his Congressional committee had direct oversight in regulating the agency.  Barney Frank – who said for five years that Fannie Mae and Freddie Mac were healthy, and who led the Democratic fight against the very sort of regulation Democrats now claim the Republicans are guilty of having been opposed to.  Barney Frank – the leading overseer of GSEs for the last two years – was continuing to claim that Fannie Mae and Freddie Mac were fine as recently as July 14 of this year.  And John McCain needs to point out to the world that Fannie Mae’s and Freddy Mac’s stock crashed 90% while Democrats had direct control and direct oversight of these massive GSEs.

And that sort of corruption and incompetence is not what this economy needs right now.

Further, John McCain needs to point out that Barack Obama hasn’t merely had radical associations, but radical alliances.  Barack Obama spent 23 years steeped in the worldview of a radical, racist, anti-American pastor and church.  Barack Obama is the first “God damn America!” candidate for President.  And Barack Obama was more than just “palling around” with terrorist bomber William Ayers – in his capacity as a member of the Chicago Annenburg Challenge board, Barack Obama was directly in charge of administering funding in support of William Ayers radical Marxist educational initiatives.  Barack Obama didn’t merely “associate” with a terrorist who did something bad when Barack was merely 8 years old; Barack Obama officially partnered with William Ayers as a grown man as recently as 2001 to put “more than $100 million into the hands of community organizers and radical education activists.”

And that sort of radical activity is not something that either this country or this economy needs right now.

Democratic Senate Majority Leader Harry Reid said, “I believe that this war is lost.”  And Barack Obama would have ensured that the war would have in fact been lost had he been President.  Obama talks about the loss of American prestige; does he genuinely believe that American troops slinking home in defeat with an emboldened terrorist enemy following us home would improve our international prestige?  John McCain needs to link Harry Reid’s proclamation of defeat with Barack Obama’s determination to snatch defeat from the jaws of success.

That defeatist mentality is not something that this country can afford right now.  As costly as a war is, the United States cannot afford to lose – and we would have lost had Barack Obama recalled the troops in defeat as he wanted to do three years ago.

Finally, John McCain needs to lead this nation to the conclusion that Barack Obama – the most radical, the most inexperienced, the most untested – candidate for President in this nation’s history, is not what either this country or this economy need right now.