RANT: A good family serves as a prop for our Socialist President

Saturday, July 31, 2010

http://usa.greekreporter.com/2010/07/31/greek-theo-mastorakos-owner-of-restaurant-lunch-with-obama

Greek Theo Mastorakos, owner of restaurant, lunch with Obama‎!
Posted on 31 July 2010 by Apostolos Papapostolou

*** begin quote ***

The President visited Tastee Sub Shop, located at 267 Plainfield Avenue, and met with several local small business owners, including Dave Thornton, co-owner of eatery. Thornton and his business partner, Carl Padavano, met in school and worked in the Edison sub shop since they were teens. They opened a second Tastee Sub Shop together in South Brunswick, and Thornton opened a third location in Lawrenceville with his two sons.

*** and ***

The President’s small business jobs proposal would provide smaller banks with capital and incentives to lend to small businesses to allow them to expand. It would also support state initiatives to make it easier for small businesses to borrow and create tax incentives to promote small business growth.

*** end quote ***

As a long time patron, I’m sorry to see that hard working family used as a prop for our Socialist President. I hope they enjoy paying their higher taxes next year and the estate taxes when the Gooferment steals their hard earned wealth. Argh!

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INTERESTING: Genetic testing already shows promise; except the Gooferment wants to control it

Tuesday, July 27, 2010

http://pajamasmedia.com/blog/should-you-be-allowed-to-know-whats-in-your-dna/?singlepage=true

Should You Be Allowed to Know What’s in Your DNA?
“You can’t handle the truth!” That’s the federal government’s latest message to Americans seeking to learn the content of their own DNA.
July 15, 2010 – by Paul Hsieh

*** begin quote ***

Opponents of direct-to-consumer genetic testing typically raise three standard objections, including: (1) the test results may be inaccurate; (2) even if the results are accurate, customers will not know what to do with the information; and (3) customers may learn about genetic defects that could make health insurance prohibitively expensive or impossible to purchase. However, a truly free market in health services and health insurance would address all of these concerns.

Customers concerned about the reliability and accuracy of their test results are best served by a free market that subjects products to the pitiless scrutiny of consumers seeking the best value for their money. Of course, if an unscrupulous company makes fraudulent claims about its services, it should be punished to the fullest extent of the law. Protecting consumers against fraud is one of the proper functions of government. But if personal genomics companies otherwise truthfully describe the capabilities and limitations of their tests, then the early adopters should be left free to exercise their best judgment as to whether they wish to purchase those services.

*** end quote ***

If it’s my body, who is the Gooferment to interfere?

Prevent force or fraud, fine. Keep me from making a mistake, not so good. Tell me I can’t have the use of my own body, tyranny.

Time to pound the FDA back into historical irrelevancy. Who would you trust with your health? (1) Politicians and bureaucrats; or (2) a free market with Walmart, Walgreens, and innumerable competitors “supervised” by Consumer’s Reports, Underwriters Laboratory, the media, the general public, and the Trial Lawyers?

Give me the market any time. Keep your Gooferment “help” to yourself.

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SOCIALISM:Exactly how is microcredit for capital formation consistent with socialism?

Friday, July 9, 2010

http://www.alertnet.org/thenews/newsdesk/N04171136.htm

RPT-FEATURE-Venezuela slum takes socialism beyond Chavez
06 Jul 2010 11:00:17 GMT
Source: Reuters
By Esteban Israel

*** begin quote ***

They are also turning their hands to urban agriculture and fish farming to feed locals, and say that the future communal bank will extend micro-credit to foster economic independence.

*** end quote ***

Why?

If these guys are socialists why do they need money. And, microcredit? That makes no sense. These guys are socialists. Credit is at the bedrock of capitalism. And, that’s their evil villain. Unfortunately, economics is as real as physics in terms of science. Scarcity is a sad fact of life. And, wishing it would go away is hopeless. And actually detrimental to making life better for everyone.

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MONEY: Social Security is like a Ponzi scheme

Monday, June 7, 2010

http://www.doughroller.net/personal-finance/what-is-social-security

What is Social Security? by Michael on June 7, 2010

>Have you ever wondered how Social Security works?

The Gooferment, using its gun power, has stolen and continues to steal from the workers taxes under the guise of “insurance”.

Like a Ponzi scheme, it uses what it steals from current workers to pay off older workers. Unlike a Ponzi scheme, it’s almost impossible to avoid this theft.

In practical terms, this program transfers money from poor minority men to rich white women.

It’s intergenerational theft!

And, as an “investment”, it’s the rough equivalent a negative rate of return estimated between 2 and 5%.

>President Franklin D. Roosevelt wanted to assist the elderly

While we’ll never know what he wanted, but we do know he was a “progressive” who admired socialism.

It was asserted that “social security” was a big step on the road to socialism. Huge societal changes were initiated by this action. In effect, he put the old on the dole.

>impact on Americans by the Depression

A Depression that was caused by the Congress in passing the Smoot Hawley tariff and exacerbated by the (unconstitutional and monopolistic) Federal Reserve Bank. So, the answer is, of course, “more gooferment”!

>Before Social Security, care and monetary funding for these individuals

Was their own responsibility. And that of their family. Multi-generation family farms were common BEFORE social security.

>

And, don’t overlook the fact that Congress changes the rules as it sees fit. Try doing that if you were an insurance company.

Social Security is a disaster. And, as such, everyone should be VERY careful in including it in their financial plans.

And, bear in mind that the Gooferment needs money, and the IRA / 401ks are held by “Custodians”. So everyone should be worried that they will have their IRA and or 401k when they need it to retire.

Lest you think “it can’t happen here”, then think back on the Bank Holiday, the Gold Seizure, and the Japanese Internment.

“Government is not reason; it is not eloquence; it is force! Like fire, it is a dangerous servant, and a fearful master.” George Washington

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MONEY: Gooferment wants to turn savings into guaranteed income streams

Sunday, January 17, 2010

http://www.newmediajournal.us/government/01152010.htm

Government
Retiree Annuities May Be Promoted by Obama Aides
BusinessWeek.com/Bloomberg

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The Obama administration is weighing how the government can “encourage” workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.

The US Treasury and Labor Departments will ask for public comments as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

Annuities generally guarantee income until the retiree’s death, and often that of a surviving spouse as well. They are designed to protect against the risk that retirees outlive their savings, a danger made clear by market losses suffered by older Americans over the last year, David Certner, legislative counsel for AARP, said in an interview.

*** and ***

Content Editor’s Note: The Obama Administration is going to try to force investors to structure IRA and 401k accounts into what amounts to a US Treasury debt-backed government annuity. This is an attempt to divert hundreds of billions of dollars of private retirement accounts into federal government debt. If the Chinese won’t voluntarily buy more US debt, the government will simply force it on American investors whether they want it or not. Just more freedoms being taken away.

*** end quote ***

Last time, the trial balloon was “enhanced social security”. Considering that “Social Security Insurance” is broke, that was a lead balloon!

Now they are back with another one, “annuities”, in Treasuries, and I’m sure sold by the Administration’s friends at AARP, packaged by Goldman Sachs, insured by AIG, and delivered by a GM car. (OK, the last is a joke! But this whole think is a joke.)

What those unfamiliar with annuities does is ROB the estates of these people. And, make the gooferment your heir. Argh! As if the Death Tax wasn’t bad enough.

OK, for ha has, why not convert social security into annuities? Sure cause then people could sell them out.

BUT, (there is always a big butt), then we would be FORCED to recognized how underfunded all these “insurance” programs are.

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QUOTE: Thanksgiving lesson

Thursday, November 26, 2009

“The trouble with socialism is that you eventually run out of other people’s money.” – Margaret Thatcher

Thanksgiving?

The Pilgrims starved until the dismissed their “commonwealth” of socialism and allowed private enterprise.

If there’s anything to be thankful for, it’s that lesson.

Happy T-day, all.

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SOCIALISM: More GMAC aid?

Wednesday, October 28, 2009

http://www.freep.com/article/20091028/BUSINESS01/91028022/1322/GMAC-may-get-3rd-helping-of-aid

Posted: 8:40 a.m. Oct. 28, 2009 | Updated: 9:51 a.m. today
GMAC may get 3rd helping of aid
BY GREG GARDNER
FREE PRESS BUSINESS WRITER

*** begin quote ***

GMAC, the financial lifeline for General Motors Co., Chrysler Group LLC and their dealer networks, is asking the U.S. Treasury for more federal aid beyond the $12.5 billion it’s already received, because it remains billions of dollars short of a capital reserve requirement all bank holding companies must meet.

The request, which is subject to ongoing negotiations, comes as GMAC is caught in a financial game of chicken with Chrysler Financial that could drive some large Chrysler, Jeep and Dodge dealers out of business or force them to sell their operations.

*** end quote ***

More taxpayer participation required!

Argh!

More good money after bad.

Bankruptcy would have been so much cleaner.

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