Posts tagged ‘Failed Stimulus’

September 22, 2010

Republicans: A Pledge To America

by lewwaters

“With this document, we pledge to dedicate ourselves to the task of reconnecting our highest aspirations to the permanent truths of our founding by keeping faith with the values our nation was founded on, the principles we stand for, and the priorities of our people”

Part of what the Republicans are pledging to America to do;

Jobs:

– Stop job-killing tax hikes

– Allow small businesses to take a tax deduction equal to 20 percent of their income

– Require congressional approval for any new federal regulation that would add to the deficit

– Repeal small business mandates in the new health care law.

Cutting Spending:

– Repeal and Replace health care

– Roll back non-discretionary spending to 2008 levels before TARP and stimulus (will save $100 billion in first year alone)

– Establish strict budget caps to limit federal spending going forward

– Cancel all future TARP payments and reform Fannie Mae and Freddie Mac

Reforming Congress:

– Will require that every bill have a citation of constitutional authority

– Give members at least 3 days to read bills before a vote

Defense:

– Provide resources to troops

– Fund missile defense

– Enforce sanctions in Iran

CBS News. Full text of the pledge is at the bottom of the article.

March 20, 2010

Caterpillar Says Healthcare Will Cost It $100M

by lewwaters

Caterpillar Corporation, still struggling in this economy in spite of Barack Obama’s much-vaunted claim in February 2009 that his stimulus bill will enable the company to rehire laid-off employees, has announced the pending seizure of the healthcare and insurance industries will cost them $100,000,000 once enacted.

In February 2009 Obama said at the Caterpillar plant, “Jim, the head of Caterpillar, said that if Congress passes our plan this company will be able to rehire some of the folks who were just laid off. And that’s a story I’m confident will be repeated at companies across the country, companies that are currently struggling to borrow money selling their products, struggling to make payroll, but could find themselves in a different position when we start implementing the plan…”

Well, we all saw how well that worked out as unemployment skyrocketed in to double digits in most states.

Unfortunately, in regards to Obama’s claim, ‘Jim’ said, “I think, realistically, no. The honest reality is we’re probably going to have more layoffs before we start hiring again.”

A year later and facing another of Obama and the Dictacrat cartels brilliant plans, Caterpillars vice president and chief human resources officer, Gregory Folley sent a letter to the Queen bee herself saying, “these provisions would increase [our] insurance costs by at least 20 percent, or more than $100 million, just in the first year of the health-care overhaul program.”

Folley also said, “We can ill-afford cost increases that place us at a disadvantage versus our global competitors.”

We are also told “more than 130 economists predicted the legislation would discourage companies from hiring more workers and would cause reduced hours and wages for those already employed.”

Let’s hope that come November, we can finally stop these Dictacrats from “helping” us so much. The country can ill-afford much more of their help.