Feeds:
Posts
Comments

Archive for November, 2008

clipped from www.ibdeditorials.com
California is headed toward fiscal disaster, thanks to the worst performance by any state, ever. So what does Gov. Arnold Schwarzenegger do? Convene a big meeting on global warming, of course.
California in 2006 passed the most sweeping greenhouse gas limits for any state in the union. Under this plan, CO2 output would be slashed by 25% by the year 2020. This is equivalent to removing 6.5 million vehicles from the road.
Except that greenhouse gas output has yet to budge, and the promised boom from “green jobs” promised by Schwarzenegger and his Democratic friends are nowhere in sight. California’s jobless rate is now officially over 7%, nearly a point above the national average.

Instead, the greenhouse gas limits approved by Schwarzenegger will cost California billions of dollars in lost output as businesses locate elsewhere and take jobs with them. The one-time Golden State is rapidly deteriorating from a cutting-edge, high-tech economy to the fiscal equivalent of a Third World nation.

  blog it
Fighting this non-existent climate change is ruining California, and now Obama and the Democrats want to take this national.

Read Full Post »

obamaLets keep track on how Obama does with all of his campaign promises.  List from Investor’s Business Daily.

Taxes

• Give a tax break to 95% of Americans.

• Restore Clinton-era tax rates on top income earners.

• “If you make under $250,000, you will not see your taxes increase by a single dime. Not your income taxes, not your payroll taxes, not your capital gains taxes. Nothing.”

• Dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes.

• Give American businesses a $3,000 tax credit for every job they create in the U.S.

• Eliminate capital gains taxes for small business and startup companies.

• Eliminate income taxes for seniors making under $50,000.

• Expand the child and dependent care tax credit.

• Expand the earned income tax credit.

• Create a universal mortgage credit.

• Create a small business health tax credit.

• Provide a $500 “make work pay” tax credit to small businesses.

• Provide a $1,000 emergency energy rebate to families.

Energy

• Spend $15 billion a year on renewable sources of energy.

• Eliminate oil imports from the Middle East in 10 years.

• Increase fuel economy standards by 4% a year.

• Weatherize 1 million homes annually.

• Ensure that 10% of our electricity comes from renewable sources by 2012.

Environment

• Create 5 million green jobs.

• Implement a cap-and-trade program to reduce greenhouse gas emissions.

• Get 1 million plug-in hybrids on the road by 2015.

Labor

• Sign a fair pay restoration act, which would overturn the Supreme Court’s pay discrimination ruling.

• Sign into law an employee free choice act — aka card check — to make it easier for unions to organize.

• Make employers offer seven paid sick days per year.

• Increase the minimum wage to $9.50 an hour by 2009.

National security

• Remove troops from Iraq by the summer of 2010.

• Cut spending on unproven missile defense systems.

• No more homeless veterans.

• Stop spending $10 billion a month in Iraq.

• Finish the fight against Osama bin Laden and the al-Qaida terrorists.

Social Security

• Work in a “bipartisan way to preserve Social Security for future generations.”

• Impose a Social Security payroll tax on incomes above $250,000.

• Match 50% of retirement savings up to $1,000 for families earning less than $75,000.

Education

• Demand higher standards and more accountability from our teachers.

Spending

• Go through the budget, line by line, ending programs we don’t need and making the ones we do need work better and cost less.

• Slash earmarks.

Health care

• Lower health care costs for the typical family by $2,500 a year.

• Let the uninsured get the same kind of health insurance that members of Congress get.

• Stop insurance companies from discriminating against those who are sick and need care the most.

• Spend $10 billion over five years on health care information technology.

Read Full Post »