Notes and Summary of the President's Address: "A
PRESIDENT: This morning, I’m pleased to say that after a lively
debate full of healthy difference of opinion, we have delivered real and
tangible progress for the American people.
Congress has passed my economic recovery plan – an ambitious plan at a
time we badly need it. (continued below)
How the President Differs from the American vision of
"Liberty Under God":
This week, I spent some time with
Americans across the country who are hurting because of our
economic crisis. People closing the businesses they scrimped and
saved to start. Families losing the homes that were their stake in
the American Dream. Folks who have given up trying to get ahead,
and given in to the stark reality of just trying to get by.
Is this how the President of the
United States conducts economic research?
They’ve been looking to those
they sent to Washington for some hope at a time when they need it
Anyone who looks to Washington
D.C. for "hope" is sadly deluded.
This morning, I’m pleased to
say that after a lively debate full of healthy difference of
opinion, we have delivered real and tangible progress for the
There was hardly any debate about the most fundamental
Congress has passed my economic
recovery plan – an ambitious plan at a time we badly need it. It
will save or create more than 3.5 million jobs over the next two
years, ignite spending by business and consumers alike, and lay a
new foundation for our lasting economic growth and prosperity.
The jobs created -- if any -- are
not jobs Americans wanted to create -- otherwise, they would have
already voluntarily invested in the creation of those jobs.
The creation of new money to create these unwanted jobs will
destroy more jobs (that Americans want) than it will create. It
will prolong the depression.
This is a major milestone on our
road to recovery, and I want to thank the Members of Congress who
came together in common purpose to make it happen. Because they
did, I will sign this legislation into law shortly, and we’ll
begin making the immediate investments
necessary to put people back to work doing the work America needs
The work of building wind
turbines and solar panels and the smart grid necessary to
transport the clean energy they create; and laying broadband
internet lines to connect rural homes, schools, and businesses to
the information superhighway.
These forms of energy
are pathetically out of date. That's why Americans chose not to
invest in them.
The federal government has no business laying phone lines.
The work of repairing our
crumbling roads and bridges, and our dangerously deficient dams
Everything the federal government
is in charge of is "crumbling" and
"dangerous." If these businesses were owned and
maintained by entrepreneurs in a Free Market, they would be more
And we’ll help folks who’ve
lost their jobs through no fault of their own by providing the
unemployment benefits they need and protecting the health care
they count on.
Name the clause of the
Constitution which gives the federal
government the authority to undertake these tasks.
Now, some fear we won’t be able
to effectively implement a plan of this size and scope, and I
understand their skepticism. Washington hasn’t set a very good
example in recent years.
And with so much on the line, it’s time to begin doing things
Federal mismanagement is not to
be blamed on "recent years." It is an inherent
characteristic of socialism, as
opposed to capitalism.
Obama's recovery plan is socialism.
That’s why our goal must be to
spend these precious dollars with unprecedented accountability,
responsibility, and transparency. I’ve tasked my cabinet and
staff to set up the kind of management, oversight, and disclosure
that will help ensure that, and I will challenge state and local
governments to do the same.
There was no disclosure about the
details of the plan before Congress voted on it.
Once the plan is put into action,
a new website – Recovery DOT gov
– will allow any American to watch where the money goes and
weigh in with comments and questions – and I encourage every
American to do so. Ultimately, this is your money, and you deserve
to know where it’s going and how it’s spent.
"You deserve to know how
bureaucrats are spending your money." Don't we deserve to
keep our own money and spend it the way we
This historic step won’t be the
end of what we do to turn our economy around, but the beginning.
The problems that led us into this crisis are deep and widespread.
Our response must be equal to the task.
The hole we have dug is deep.
Therefore we must dig deeper.
For our plan to succeed, we must
stabilize, repair, and reform our banking system, and get credit
flowing again to families and businesses.
We don't need to get "credit flowing
The economy is suffering from too much debt and
not enough credit, says Treasury Secretary Tim Geithner. While
announcing a new "Financial Stability Plan" yesterday,
he noted that many firms and households "borrowed beyond
their means," due to a "boom in credit."
Yet he also complained that many banks (having finally come to
their senses) have tightened lax lending standards. He insisted,
"We must get credit flowing again to businesses and
Last October, the Minneapolis Fed published Facts and Myths
about the Financial Crisis of 2008 by V.V. Chari, Lawrence
Christiano and Patrick J. Kehoe. Bank lending had not declined,
they showed, nor had sales of nonfinancial commercial paper.
Besides, 80 percent of nonfinancial corporate borrowing is done
outside the banking system, they noted, such as selling bonds and
Bank lending was 5.7 percent higher in December than a year
earlier, and roughly flat from September to January (surprisingly
strong for a falling quarter with rising credit risks). And the
areas commonly pointed to for signs of a credit squeeze last fall
(such as high interest rates on loans between banks) don't look
troublesome today. On the contrary, healthy companies have been
raising billions by selling long-term bonds at low interest rates.
So why does Geithner suggest that cuts in bank lending caused
the recession (rather than, say, the squeeze on profits from too
much debt) and that increased bank lending (rather than bond
sales) is the cure?
We must write and enforce new
rules of the road, to stop unscrupulous speculators from
undermining our economy ever again.
speculators" were given a blank check by the federal
government. A Free Market would not have created the housing
bubble or guaranteed mortgage securities.
We must stem the spread of
foreclosures and do everything we can to help responsible
homeowners stay in their homes.
It was the government that
encouraged irresponsible borrowers to get housing credit.
And in the weeks ahead, I will
submit a proposal for the federal budget that will begin to
restore the discipline these challenging times demand. Our debt
has doubled over the past eight years, and we’ve inherited a
trillion-dollar deficit – which
we must add to in the short term in order to jumpstart our
sick economy. But our long-term economic growth demands
that we tame our burgeoning federal deficit; that we invest in the
things we need, and dispense with the things we don’t. This is a
challenging agenda, but one we can and will achieve.
Why does long term economic
growth demand fiscal discipline if fiscal insanity will solve our
This morning, I’m reminded of
words President Kennedy spoke in another time of uncertainty.
"Do not pray for easy lives. Pray to be stronger men. Do not
pray for tasks equal to your powers. Pray for powers equal to your
America, we will prove equal to
this task. It will take time, and it will take effort, but working
together, we will turn this crisis into opportunity and emerge
from our painful present into a brighter future. After a week
spent with the fundamentally decent men and women of this nation,
I have never been more certain of that. Thank you.
Kevin Craig's Platform:
"Vine & Fig
Tree" - the original American Dream - work,
profit, save, invest, enjoy - not "easy to borrow,"
perpetual debt; not "invade other nations" to secure our
Making the New Year Extraordinary by
all year long
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
Way of Peace" announced by the Prince
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
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!”
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
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
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.
This is United States Senator
Lisa Murkowski of Alaska.
As I speak to you today,
Americans from Alaska to Florida are grappling with a very
difficult economy. Over the past 14 months, more than 3.6
million workers have lost their jobs, half of them since
October. Over the same three-month period, the U.S. economy
experienced its worst quarterly decline in 26 years. This is why
President Obama called on Congress some weeks ago to pass an
economic stimulus plan that would seek to jumpstart the economy
and to prevent, as best it could, an even deeper economic
created money and spent it in ways Americans would not have.
This created jobs that Americans did not want created.
Should the government create more money to "create or
save" these jobs?
have been supportive of a stimulus plan all along.
Yet, over the past few weeks, a serious difference of opinion
has emerged over what an economic recovery plan should include.
Democrats, it seems, settled on a random dollar amount in the
neighborhood of $1 trillion and then set out to fill the bucket.
Republicans, on the other hand, thought that we should figure
out what was at the root of the problem, and then see how much
it would cost to fix. Since most
economists agree that falling home prices are the root of the
current troubles, we proposed a plan that would reduce
monthly mortgage payments and make it easier to buy a home. The
Republican proposal had the added benefit of being about half
the cost of the Democrat plan. But Democrats control Congress,
which means they got to choose which approach to use. And
earlier this week, they hashed out the final details of a bill
that, as some of them like to point out, was written almost
entirely by them.
Falling home prices are the solution, not the
problem. Rising home prices were caused by government inflation
of housing credit.
All Americans, Republicans and
Democrats alike, want our economy to recover. The question is:
Will this plan work? In this regard, the President's own top
economist, Larry Summers, has said that in order for a stimulus
plan to work, it must be timely, targeted, and temporary.
And, in many ways, the plan that Democrats in Congress approved
this week is none of the above.
It's not timely because less than half the
discretionary spending in this bill will reach its intended
target within the next two years.
It's not targeted because much of the money isn't even
directed where it's needed most. Much of the spending is
wasteful, including hundreds of millions for new government cars
and golf carts. And some of it places new burdens on
already-strapped local and state governments. One Alaska school
superintendent said that the increased funding means new
services in his district, but that once the stimulus funding
runs out he won't be able to pay for them. And canceling some of
these programs once they've been created, he said, would expose
his district to lawsuits.
Finally, the bill isn't temporary
because it calls for a permanent expansion of government that
could add hundreds of billions of dollars to the federal budget
All of this is cause for
serious concern. But Republicans are also concerned about this
bill because we simply don't have the money to waste. Keep in
mind: the $1.1 trillion we spend on the stimulus is not Monopoly
money -- all of it is borrowed. Some might say the total cost of
this bill is lower than $1.1 trillion. They're not including the
Where is all of this money
going to come from? Well, the government pays its bills by
selling promissory notes and by printing money. Who will buy
these notes? They will be bought by countries that already hold
enormous sums of U.S. debt -- countries like China. And
remember, this is just one part of the recovery plan Democrats
are proposing. The other parts, as outlined this week by
Treasury Secretary Geithner, include $50 billion for housing,
and unspecified hundreds of billions -- possibly even another
trillion dollars -- for troubled banks, and to relieve financial
institutions of so-called toxic assets. All this spending adds
up, and it has to be paid back -- paid back by our children and
their children. And, as
of now, the American people don't have the facts about the total
As a mother, I can say from
experience that it doesn't make much sense to plan the family
vacation before you figure out whether you can afford it. Yet
that's just what Democrats seem to be doing. If Americans can't
be assured that these programs will work, they should at least
be told what they're going to cost. Taxpayers need to know what
Washington is doing with their money. And as Republicans
continue to pursue policies that strengthen our economy and
create jobs, we'll insist that taxpayers aren't only protected
-- but also well informed. Republicans in Congress have pledged
to work with the majority party. It's my hope that they take us
up on our offer as we closely monitor how and where this money
The desire to
keep Americans "informed" about the way the federal
government spends their money assumes that it is possible for
the government to spend it wisely. This is not possible. The
government spends money that Americans chose not to spend, on
projects Americans chose not to invest in. That's all we need to
Thanks 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
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
could travel through time and be your personal coach.
The results could be extraordinary.
This week some Americans recall the birthdays of Lincoln
and Washington. You don't want Abe Lincoln as your coach if you're
sympathetic to the original American ideal of "Vine
& Fig Tree." Lincoln was perhaps the worst --
even the most evil -- President in American history. Find out why here.
Contact Congress -- this
is from the JBS website, powered by "CapWiz," from Capitol
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through the JBS, search for capwiz
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Notice that you can also contact media through this webpage.
Action E-List Sign up for the JBS Action E-List and be notified when you can
make a critical difference on important issues.
Help End the Mexican Civil
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.
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).
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.
- 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.
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.
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.
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
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 . . .
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
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
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