Missouri's 7th District, U.S. House of Representatives
Bringing LIBERTY to Capitol Hill -- 2010 OZARKS VIRTUAL TOWN HALL
Saturday Morning, February 6th, 2010, 10:30am
A Discussion of The President's Saturday Morning Radio Address
Click here to listen to the February 6th, 2010 Ozarks Virtual Town Hall
Notes and Summary of the President's Weekly Radio Address:
"Obama Calls for New Steps to Support America's Small Businesses"
The White House Press Office: – In this week’s address, President Barack Obama said that America’s small businesses are key to rebuilding the economy on a new, stronger foundation and creating jobs. He called on Republicans and Democrats in Congress to pass – without delay – a series of proposals that will help American small businesses thrive. These proposals include using $30 billion in TARP funds to create a new Small Business Lending Fund to provide capital to community banks to increase lending to small businesses, offering a new tax credit for over one million small
businesses that hire new workers or raise wages, and providing targeted support for the most innovative small businesses with the potential to export new goods and products. (continued below)
America's Founders envisioned the American people, acting as businessmen, humanitarians, and missionaries, engaging in commercial and charitable activities around the world, bringing peace and receiving the admiration of the world.
"The great rule of conduct for us, in regard to foreign nations is in extending our commercial relations to have with them as little political connection as possible."
— Washington, Farewell Address (1796) [Washington’s emphasis]
"I deem [one of] the essential principles of our government, and consequently [one] which ought to shape its administration,…peace, commerce, and honest friendship with all nations, entangling alliances with none."
— Jefferson, First Inaugural Address (1801)
Bush's unconstitutional military invasion of Iraq has destroyed Christianity in that country.
Under Saddam Hussein's secular government, Christians in Iraq had greater freedom than in most other Arab nations, and one of the largest Christian populations in the Muslim world was in Iraq.
Iraq is now an Islamic theocracy under Sharia law. The Christian population has been destroyed. Christian Churches are burned and terrorized with impunity.
Obama is following in Bush's unconstitutional, anti-Christian footsteps.
Even though our economy is growing again, these are still tough times for America. Too many businesses are still shuttered. Too many families can’t make ends meet. And while yesterday, we learned that the unemployment rate has dropped below ten percent for the first time since summer, it is still unacceptably high – and too many Americans still can’t find work.
But what we must remember at a time like this is that we are not helpless in the face of our difficulties. As Americans, we make our own destiny. We forge our own path. And I am confident that if we come together and put aside the politics that keeps holding us back, we can do that again. We can rebuild this economy on a new, stronger foundation that leads to more jobs and greater prosperity.
I believe a key part of that foundation is America’s small businesses – the places where most new jobs begin.
These companies represent the essence of the American spirit – the promise that anyone can succeed in this country if you have a good idea and the determination to see it through. And every once in awhile, these ideas don’t just lead to a new business and new jobs, but a new American product that forever changes the world. After all, Hewlett Packard began in a garage. Google began as a simple research project.
Government can’t create these businesses, but it can give entrepreneurs the support they need to open their doors, expand, or hire more workers. And that’s what we’ve always done in this country. The folks at Southwest Windpower in Flagstaff, Arizona started their company in a small home. Since getting a loan from the Small Business Administration, they’ve sold 160,000 wind turbines to about 90 different countries, and are hiring even more workers today. When Sam Ko walked into one of the SBA’s small business development centers in Illinois, he
didn’t have any business experience at all – just a patent for a new metal manufacturing technology. He was given a loan and a business plan, and today his company is still growing, with offices all over the Midwest.
Why create money and give it to bankers who will charge small businesses interest? Why not just give the money to small businesses interest-free?
Last year, the steps we took supported over 47,000 loans to small businesses and delivered billions in tax relief to small business owners, which helped companies keep their doors open, make payroll, and hire workers. But we can and must do more. That’s why I’ve proposed a series of steps this week to support small business owners and the jobs they create – to provide more access to credit, more incentives to hire, and more opportunities to grow and sell products all over the world.
Billions in "tax relief" vs. trillions in spending.
Because financing remains difficult for good, credit-worthy small businesses across the country, I’ve proposed that we take $30 billion from the TARP fund originally used for Wall Street and create a new Small Business Lending Fund that will provide capital for community banks on Main Street. These are the small, local banks that will be able to give our small business owners more of the credit they need to stay afloat. We should also continue to waive fees, increase guarantees, and expand the size of SBA-backed loans for small businesses. And yesterday, I proposed
making it easier for small business owners to refinance their mortgages during these tough times.
Taking money from ‘the rich’ actually retards a real economic renaissance. The rich are the ones who consume the most…because they have the most to spend. More importantly, they’re the ones who fund the small businesses that do the hiring. Banks won’t take a chance. It’s the relatives…and ‘the rich’ themselves…who put their money on the line.
-- Monetary Stimulus Produces Phony Recovery
Small businesses create jobs. But who wants to take the risk of funding a small business now? Not the banks. And the capital markets are closed off to small businesses. You have to have a big business – preferably one that is dying… Then, you can get all the money you want from Wall Street and the feds.
-- Economic Downturn in the Face of Infallible Markets
To give these companies greater incentives to grow and create jobs, I’ve proposed a new tax credit for more than one million small businesses that hire new workers or raise wages, as well as the elimination of all capital gains taxes on small business investment.
Finally, we should provide targeted support to the most innovative small businesses – the ones with the greatest potential to export new goods and products all over the world. A lot of these companies – like the wind turbine manufacturer I mentioned – are the foundation on which we can rebuild our economy to compete in the 21st century. They just need a little help securing the financing they need to get off the ground. We have every incentive to help them do that.
Who should decide which businesses are "the most innovative?"
Who should decide whether you have to buy an expensive, unreliable product from a government-favored local business, or a more reliable and less expensive product from Switzerland or Germany?
Next week, Congress will start debating many of these proposals. And if anyone has additional ideas to support small businesses and create jobs, I’m happy to consider them. My door is always open. But I urge members of both parties: do not oppose good ideas just because it’s good politics to do so. The proposals I’ve outlined are not Democratic or Republican; liberal or conservative. They are pro-business, they are pro-growth, and they are pro-job. Leaders in both parties have supported similar ideas in the past. So let’s come together and pass these measures without delay. Let’s put more Americans back to work, and let’s give our small business owners the
support to do what they’ve always done: the freedom to pursue their dreams and build our country’s future. Thanks for listening.
Unions and "Cadillac" Healthcare plans Under an agreement negotiated by the Obama administration, congressional leaders, and union bosses behind closed doors, their policies will be exempt from the tax until 2018. Plans for state and local employees would also be exempted.
That's right: if you have two workers doing identical jobs, earning the same wages, and receiving the same insurance plan, the one who doesn't join the union gets hit with a 40% tax; the union worker doesn't.
But exempting union workers from the tax will reduce revenue by an estimated $55 billion. With the cost of the health bill heading toward at least $1 trillion over 10 years, that lost revenue will have to be made up somewhere else. Most likely that will mean a tax on investment income, meaning there will be less capital available to create jobs (at a time of 10% unemployment) as well as lower returns for your 401(k). No Taxes, Please, We're Democrats
“Why Americans Should
365 Days a Year”
The word "Christ" means "King." The Message of Christmas and the Principles set forth by the Christ (the Messiah) who came that first Christmas are the real solution to America's problems. The Federal Government is at war with Christmas and "The Way of Peace" announced by the Prince of Peace. The Government should be on His shoulders (Isaiah 9:6-7). Abolishing a Messianic State is the only appropriate way to honor the Messiah.
Otherwise Christmas becomes mass hypocrisy.
John the Baptist prepares the way for the Messiah, as prophesied of Elijah.
As you read the Gospel accounts, ask yourself how you would react if you knew these accounts were really true. Not just true in some "religious" sense, but reported in the New York Times, proven in a court of law, or acknowledged by your personal hero. (How do you know something is true? Do you even have any "heroes?") How should you change your life if your Creator became a human being? How should Washington D.C. react if this human being claimed to be the true Ruler?
The Prophet Micah predicted that the Messiah would be born in Bethlehem. Jesus' parents lived in Nazereth. Therefore God predestined Caesar to issue a decree (probably relating to taxes) that would bring Joseph and Mary to Bethlehem before Jesus was born.
Bush claims the same global power of confiscation and migration as Caesar did. Thousands of Christians have been forced to move out of Iraq to make way for Bush's Islamic Theocracy.
An army of angels announces the birth of the Messiah, saying,
“Glory to God in the highest,
And on earth peace to those with whom He is pleased!”
Man's chief end is to glorify God and live in peace. The Bush Administration's chief end is to erect a "wall of separation" between God and government so that the State gives no glory to God, and to wage war, thereby "stimulating the economy."
When Herod got word of the birth of a rival king, he behaved in a perfectly logical way (for someone who wants to protect his power): he massacred all male babies the age of Jesus. Herod recognized that Jesus was a threat to Herod's power.
Every day in America 4,000 unborn babies are murdered. These babies must threaten something.
Millions of Americans who call themselves Christians, on the other hand, are no threat to tyranny. None of them are being killed. Bush has killed a thousand times more human beings than Herod did, and confiscated a billion times more wealth than Herod did.
Hi, I’m Congressman Jeb Hensarling of Texas; I serve as the number two Republican on the House Budget Committee.
Some of you may have seen me on television last week when I had the opportunity to ask the President if his new budget would once again triple the national debt and dramatically increase the cost of government to 25 percent of the economy – up from its traditional 20 percent.
You may recall that the President declined to answer the question last week. But he has certainly answered it this week by submitting a new budget that does exactly what I feared.
The numbers in his budget are simply breathtaking: a record $3.8 trillion in spending, more than $2 trillion in new job crushing taxes, not to mention a tripling of the national debt – on top of the largest deficit in our nation’s history. Interest payments alone on this debt will set us back roughly $6 trillion over the next decade – that’s about $50,000 per household.
Now, you’re probably like me and believe, in America, you ought to work hard today, so your children can have a better, more prosperous tomorrow. But with this budget, it is like Washington has said, ‘let’s let government live easier today, so our children have to work harder tomorrow.’
You know, it was about this same time last year, President Obama and Democrats in Congress promised that if we passed their trillion-dollar ‘stimulus’ bill – and grew big government even more – that jobs would be created ‘immediately,’ they said unemployment would remain below eight percent.
Well, Republicans stood on principle and offered a better alternative that, according to an analysis developed by the President’s own economic advisors, would have created twice the jobs at half the cost. But, Democrats chose to go it alone and jam through their ‘stimulus.’
What did the American people get? A bill for $1.2 trillion and three million more jobs lost.
Americans are still asking, ‘where are the jobs?’ but all they are getting from Washington is more spending, more taxes, more debt and more bailouts.
Now, when it comes to budget matters, I usually find myself agreeing with about 80 percent of what the President says, but I disagree with 80 percent of what he does.
While the President’s budget rhetoric gives a nod to reducing the deficit, he punts the problem to a ‘commission’ that does not yet exist, and whose recommendations may never see the light of day. We have to do better.
Additionally, President Obama’s proposed spending freeze unfortunately is not really a freeze at all. It exempts 86 percent of the federal budget from the freezer, doesn’t turn on the freezer until next year and then turns it off shortly thereafter.
The exempted parts are precisely those that contributed most to the problems: warfare and welfare.
In fact, when you run the numbers, the President’s idea of fiscal responsibility unfortunately amounts to choosing to grow government by 49.01 percent over 10 years instead of 49.27 percent. We have got to do better.
Serious fiscal responsibility requires more than just tinkering around the margins. Republicans have proposed adopting strict budget caps that limit federal spending on an annual basis and are enforceable by the President. These caps were a critical plank in the fiscally-responsible budget alternative Republicans proposed last year and yet they are noticeably absent from the President’s budget.
The federal budget must never be allowed to grow faster than the family’s budget ability to pay for it. You can learn more about our better Republican budget solutions on the web at solutions.GOP.gov.
So, you pile up all this Democrat spending, all their borrowing, all their debt, you add it to their government takeover of health care, their ‘cap-and-trade’ national energy tax and their continued bailouts – is it little wonder that job growth is lagging in our economy? Small business owners and investors tell me every week, ‘We’re not taking the risk to start or expand a business in this climate.’
We cannot continue on this reckless path, and the American people know it. But now it’s up to Democrats in Washington to listen and change course. We’re willing to work with them, but we will continue to stand on principle, we will oppose more reckless Washington spending, and we will fight for better solutions that make government live within its means. Our budget plan will help create jobs, prevent a fiscal calamity and give our children a brighter economic future. Thank you for listening. ####
What Would America's Founding Fathers Do?
The men who threw tea into the Boston Harbor over a tax of 3 pence per pound would not be happy with a tax ten times greater on every gallon of gas. Those who took up muskets over a total tax burden of less than 3% would not be happy with the fact that the federal government now takes more than half of everything you earn.
Today it is illegal for public school teachers to teach their students that the Declaration of Independence is really true (and not just an outdated historical document). The federal government is clearly at war with everything the Founding Fathers stood for.
America's greatest Americans would abolish today's federal government.
Muskets are Not an Option
There are two reasons why we should not take up arms to pull off the violent overthrow of the federal government, even if America's Founders would surely do so. First, the feds have nukes. Second, violent revolution is unChristian and unBiblical. We must beat our swords into plowshares and use persuasion to abolish tyranny. This is time for a revolution of ideas.
Revolution Won't Come in a Day
John Adams once wrote that the American Revolution began in 1761, when Massachusetts attorney James Otis began legal challenges to the Writs of Assistance. He lost the case, but "American independence," Adams wrote, "was then and there born." Now do the math. That means it took 15 years to convince the rest of America to declare Independence
(1776). Then another seven years of war was required before a Peace Treaty was signed (1783), and then six years before the Constitution was finally ratified (1789). That's almost 30 years. (And Jefferson said we shouldn't go 20 years without another rebellion!) How can we hope to convince Americans to fight for principles they were never taught in government schools? We need to be in this battle for the long term. "Eternal Vigilance is the Price of Liberty."
Every great athlete has a coach.
If you want to be a great American you need a coach.
If you want to achieve great things for your country, you need a coach.
Imagine what you could do if George Washington, "the Father of his Country,"
could travel through time and be your personal coach.
The results could be extraordinary.
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Help End the Mexican Civil War
Black-market profits caused by drug prohibition fund a civil war in Mexico that's threatening to spill over our borders. Drug profits also fuel the terrorists who are killing U.S. soldiers in Afghanistan. It's time to dry up the black-market profits. It's time to end drug prohibition.
Make Congress Read Their Bills Before Voting
Make Congress read every word of every bill they create before they vote on it.
Urge your Representative and your Senators to sponsor DownsizeDC.org's “Read the Bills Act” (RTBA).
End the FED
The Federal Reserve System constantly inflates and deflates the supply of money and credit, causing booms and busts. It's time to get off this roller-coaster. It's time to end the Fed.
No government money, whether borrowed or taxed, should ever be used to bailout private financial interests. If you agree, please send Congress a message telling them so.
TWIC - A Backdoor Real ID Card
Real ID is dying. But the Department of Homeland Security has a new plan to subject every American to a national ID card anyway. They plan to pick off one occupational field at a time, starting with the maritime industry. One man is fighting back. Meet him, and help stop this backdoor Real ID plan.
Stop the Killer Horse Hormones
The FDA "outlawed" the use of Estriol, an estrogen medication that's bio-identical to human estrogen. Doctors must now prescribe animal-derived estrogen instead. Are bio-identical hormones dangerous, while animal-derived hormones are safe? No. The practice of medicine is moving to chemically identical to human hormones and away from animal hormones. Learn why the FDA decided to endanger women's health in this way, and take action.
End Asset Forfeiture
If the government suspects you used your house or car in a crime, they can take it and sell it at auction. They don't even have to prove your guilt. They call this practice civil asset forfeiture, but it's really theft. It violates the 4th, 5th, 6th, 8th, 9th and 14th Amendments. It also encourages law enforcement to put profits before justice. Tell Congress to end civil asset forfeiture.
Support an Iraq Referendum
Americans keep debating when, how, or if to leave Iraq. Maybe we should ask the Iraqi people what they want. After all, it's their country. Tell Congress to request that the Iraqi government hold a public referendum on the U.S. occupation. Learn more »
Make Congress read every word of every bill they create before they vote on it.
Urge your Representative and your Senators to sponsor DownsizeDC.org's “Read the Bills Act” (RTBA).
Unelected bureaucrats create tens-of-thousands of new dictates each year. Making rules is the job of Congress, not bureaucrats.
DownsizeDC.org has drafted the “Write the Laws Act” to end bureaucratic “legislation without representation.” Click here . . .
"Cap and Trade" is not the way
The politicians seem to be unifying around "cap and trade" as a way to cut CO2 emissions. If they take this step it may be the largest increase in the size, scope, and intrusiveness of government since the creation of Medicare. Worse still, it may not even achieve its purpose. Please tell Congress to oppose "cap and trade." Learn more »
Big government prospers through failure. Each new failure is used to justify more spending and new powers. Wasteful spending in Iraq is the latest example. One way to change this is to hold government accountable. A new bill in Congress seeks to provide some of the needed accountability. Please support it. Learn more »
Stop the War for Terror U.S. policy has inflamed the Middle East. It has made terrorism more likely rather than less. We seem to be fighting a war for terror, rather than on terror. This policy must stop. The place to start stopping is with Iran. We must not attack Iran. War with Iran would devastate our economy, disrupt world oil supplies, and recruit more terrorists. Click here to stop this war before it starts.
Click herefor a replay of this edition of the Ozarks Virtual Town Hall