"THE INVISIBLE HAND . . ."

MORAL HAZARD: OBAMA'S MORTGAGE PLAN is LIKE NEW CARS FOR DRUNK DRIVERS

"I DON'T HAVE TO WORRY ABOUT PAYING MY MORTGAGE"

NEW CARS FOR DRUNK DRIVERS

The Headline reads, OBAMA's NEW PLAN NEW CARS FOR DRUNK DRIVERS,(Hey, this might just BAILOUT GM, FORD, & CHRYSLER)  everyone would be up in arms in disbelief, but this is how Chris Martenson of the CRASH COURSE compares the MORAL HAZARD of Obama's Foreclosure Plan. He takes a look at it from an economic standpoint…

This is throwing good money after bad, and, worse, by seeking to “shore up sinking house prices,” it betrays a complete ignorance of the actual root of the problem. Blaming sinking housing prices for the fix we are in is equivalent to blaming the car for the drunk driving wreck. If Obama were to craft a similar program for drunk drivers, it would include new cars for any that happened to wreck their own.

In addition, Martenson says that from moral standpoint, this bill…

…is a complete disaster. The clear implication here for every sentient person is that it pays to be reckless. Moral hazard is written all over this one. I can easily envision millions of people arriving at the same conclusion:  “I need to stop paying my mortgage right away so that I qualify for a handout!”

 

I guess Peggy was right . . . But earlier in the day A CNBC REPORTER along with Traders fired back at Obama's plan, "The government is promoting bad behavior . . . do we really want to subsidize the losers' mortgages . . . This is America!  How many of you people want to pay for your neighbor's mortgage?  President Obama are you listening?  How about we all stop paying our mortgage!  It's a moral hazard."  YES IT IS, like buying a new car for a Drunk Driver.

-LEX REX

RONALD REAGAN ENJOYS A BIG MAC: INDIVIDUAL RESPONSIBILITY vs. STATE INTERVENTION

"BIG MAC" RONALD REAGAN THE REAL DEAL

Yesterday, marked a key date in American History, Obama signed into Law the biggest one time expansion of Government in USA's History.  It is also interesting to note, that on this day back in 1981 President Ronald Reagan addressed the nation in an address to the Joint Session of Congress, outlining His plan for economic recovery.  Today, Obama gives a speech about the Home Mortgage Crisis.  The two speeches talking about pressing economic times in America's History, and approaches to solve those problems, however, the dialog and solutions are much different.  

President Reagan's address speaks of hope, optimism, and individual responsibility, whereas Obama's address resonates a doom and gloom with nearly a Trillion in State Intervention.  

The Economic Picture under Reagan was bleak, He came into office with 13.58% Inflation, 7.6% unemployment rate with roughly 8,273,000 unemployed Americans,  the purchasing power of the Average American Salary was plunging faster than the Titanic.  This is how the Real Deal, Big Mac Ronald Reagan responded:

Can we, who man the ship of state, deny it is somewhat out of control? Our national debt is approaching $1 trillion. A few weeks ago I called such a figure, a trillion dollars, incomprehensible, and I've been trying ever since to think of a way to illustrate how big a trillion really is. And the best I could come up with is that if you had a stack of thousand-dollar bills in your hand only 4 inches high, you'd be a millionaire. A trillion dollars would be a stack of thousand-dollar bills 67 miles high. The interest on the public debt this year we know will be over $90 billion, and unless we change the proposed spending for the fiscal year beginning October 1st, we'll add another almost $80 billion to the debt.

Adding to our troubles is a mass of regulations imposed on the shopkeeper, the farmer, the craftsman, professionals, and major industry that is estimated to add $100 billion to the price of the things we buy, and it reduces our ability to produce. The rate of increase in American productivity, once one of the highest in the world, is among the lowest of all major industrial nations. Indeed, it has actually declined in the last 3 years.

Now, I've painted a pretty grim picture, but I think I've painted it accurately. It is within our power to change this picture, and we can act with hope. There's nothing wrong with our internal strengths. There has been no breakdown of the human, technological, and natural resources upon which the economy is built.

Based on this confidence in a system which has never failed us, but which we have failed through a lack of confidence and sometimes through a belief that we could fine-tune the economy and get it tuned to our liking, I am proposing a comprehensive four-point program. Now, let me outline in detail some of the principal parts of this program. You'll each be provided with a completely detailed copy of the entire program.

This plan is aimed at reducing the growth in government spending and taxing, reforming and eliminating regulations which are unnecessary and unproductive or counterproductive, and encouraging a consistent monetary policy aimed at maintaining the value of the currency. If enacted in full, this program can help America create 13 million new jobs, nearly 3 million more than we would have without these measures. It will also help us to gain control of inflation.

Out of that partial explanation of USA's troubles in 1981 is the power of the individual, not the collective or State.  Now, today, our unemployment is 5.8% with nearly 8,924,000 unemployed, our inflation is around 3.25% and President Obama is still prophesying DOOM & GLOOM even after the MASSIVE STATE INTERVENTION has become law:

"Our housing crisis was born of eroding home values, but also of the erosion of our common values. It was brought about by big banks that traded in risky mortgages in return for profits that were literally too good to be true; by lenders who knowingly took advantage of home buyers; by home buyers who knowingly borrowed too much from lenders; by speculators who gambled on rising prices; and by leaders in our nation's capital who failed to act amidst a deepening crisis.

"So solving this crisis will require more than resources -- it will require all of us to take responsibility. Government must take responsibility for setting rules of the road that are fair and fairly enforced. Banks and lenders must be held accountable for ending the practices that got us into this crisis in the first place. Individuals must take responsibility for their own actions. And all of us must learn to live within our means again.

"These are the values that have defined this nation. These are values that have given substance to our faith in the American Dream. And these are the values that we must restore now at this defining moment.

"It will not be easy. But if we move forward with purpose and resolve -- with a deepened appreciation for how fundamental the American Dream is and how fragile it can be when we fail in our collective responsibilities -- then I am confident we will overcome this crisis and once again secure that dream for ourselves and for generations to come."

Mr. Obama's tone focuses more on the State, the government, and the collective, why should the government step-in, when an individual does not manage his money in the right way?  Sometimes an individual learns from Bankruptcy, i.e. Walt Disney, Abraham Lincoln, sometimes the best course of action is to lose your home and start again, learning from your mistakes.   Individual Resilience  and self-reliance, individual responsibility is all lacking from Obama's initiative, unlike Reagan, the real deal, who provided us with the road map to the greatest economic expansion in the USA:

reduce the growth of government spending,

reduce marginal tax rates on income from labor and capital,

reduce government regulation of the economy,

control the money supply to reduce inflation.                

THE KEYS TO ECONOMIC RECOVERY FOCUSING ON INDIVIDUAL RESPONSIBILITY AND LESS GOVERNMENT,  thank you, President Ronald Reagan, and thank you for showing us we must buy our own BIG MAC.

-LEX REX 

I FEEL STIMULATED ALREADY, OBAMA IF YOU READ THIS I WILL BUY YOU A BIG MAC!!

1079 OF UNREAD PAGES SIGNED INTO LAW

Never sign a document you have never read, my law professor in contracts explained, hmm sounds like good practical advice.   So how does a Bill become a Law?  Well we have a massive law at this moment, the Stimulus (SUCCUBUS) Bill that no one has read, in the days, maybe even into the months ahead the veil will be lifted and will have a clear idea of all the little details that are inside this massive bill, the bill that is too big to read, but not too big to sign into law.  Read Full Story

You know this reminds me of the time in college, I had a professor that assigned weekly papers.  I knew deep in my heart he did not read them, so I devised a plan.  On my next paper, I put into the middle of the paper this sentence:  "If you read this, I will buy you a Big Mac!!!!!"  Guess what, I never had to buy that professor a Big Mac.  Maybe in this 1079 pages, all Americans will get a free Big Mac, or maybe free Health Care, or maybe free car insurance, or maybe free life insurance, or maybe a free lawyer, whenever you need one?  Who knows, but I am hoping for the Big Mac.  

I do know this, I feel stimulated already, hoping for my free BIG MAC, and so does Missouri, soon after Obama signed the Bill into law work began in Missouri on a bridge the first project under the stimulus bill.

READ FULL STORY

SO where is my free Big Mac?  I probably will not get a free Big Mac out of the deal, but we may get another stimulus, while signing the bill Obama hinted that this may not be enough, we may have to reverse, this may be a failure, so has the bill already failed?  In the WORDS OF OBAMA:

Today does not mark the end of our economic troubles. Nor does it constitute all of what we must do to turn our economy around. But it does mark the beginning of the end -- the beginning of what we need to do to create jobs for Americans scrambling in the wake of layoffs, to provide relief for families worried they won't be able to pay next month's bills and to set our economy on a firmer foundation, paving the way to long-term growth and prosperity.

SUCCUBUS II coming to the USA, soon, very soon  . . . . to be continued.

-LEX REX

OH CANADA, THE INVISIBLE HAND CHECKS OUT THE NORTH for OBAMA

In anticipation of President Obama's visit to Canada, The Invisible Hand sent reporter Lex Rex to our neighbor to the North CANADA. Yes I am here in Quebec City, Canada, I have learned five things that the USA can learn from:

1. No Canada Banks have failed. Canada banks are very strong, in fact Canada requires only a 15-1 reserve ratio, while USA operates on 26-1, and Europe 66-1. Canada banks need no bailout and none have failed.

2. Home ownership is strong and equal to the percentage in USA. 68% own homes and prices have only dropped around half of the price drop if USA housing. Also, a note if interest, Mortgage interest is not deductible for Canadiens on their taxes.

3. Canada's Health Care System is broken. No suprise about socialized medicine.

4. Many USA highly educated foreign students (India, Asian etc.) are moving to Canada to live and work after graduate school. Why? The USA kicks them out because student Visa has expired.

5. When shopping in Quebec it is easy to find things made in Canada. Clothes, boots, furs, toys, and syrup. In fact I had no trouble buying Canada in Canada.

Canada is a great place to visit and to learn some ideas, but nothing beats the USA, unless the newly passed Succubus destroys the USA, then maybe our refuge maybe Canada.

-Lex Rex, reporting from Quebec City, Canada.

D-DAY INTERVIEW WITH DARWIN, THE THEORY OF EVOLUTION WOULD NOT BE BELIEVED IF HUMANS WERE SWISS TIMEPIECES

DISCLAIMER:  This Article Talks About the 

Theory of EVOLUTION

As I mentioned in The Lincoln Interview today is Charles Darwin's birthday, today he is 200 years old, just like Lincoln.  However, the sad note is that D-Day is getting more play-time in the news and blogs.  You see in 1859 Charles Darwin published his work "The Origin of Species," in that work he laid out the Theory of Evolution.  The Scientific American published an article with a hypothetical interview, using Darwin's own words, I am just reposting three of the questions with Chuck's answers.

Did you have doubts about the content of truth in the Holy Scriptures even while you were on the Beagle?
On board the Beagle I was completely orthodox, and I recall how several officers laughed at heartily when I quoted the Bible as an irrefutable source on some point of morality. But during the period from 1836 to 1839, I had slowly come to understand that the Old Testament, with its evidently wrong history of the world, its Tower of Babel, its rainbow as a sign, and tendency of ascribing to God the sentiments of a revengeful tyrant, were no more worthy of credence than the holy scriptures of the Hindus or the beliefs of a savage. Despite all my powers of deluding myself, it became more and more difficult to find proof enough to satisfy me.

And that is how faithlessness stalked me and took hold over me slowly, till I became totally disbelieving.

So you are an atheist?
I think it would be more and more appropriate to call me an agnostic, in general and as age advances.

Do you see your lack of faith as a loss, then?
Disbelief crept in on me so slowly that I did not feel any discomfort, and since then, never have a doubted for even a single second the correctness of my conclusions. And I cannot really understand, either, how anyone might want to believe that Christianity were true, because if it were, then, in the plain terms of the text, it is said that people who do not believe would be punished for eternity, and that would include my father, my brother and almost all my best friends. And that is a terrible doctrine!

Mr Darwin, my name is Lex Rex, I am the reporter for "The Invisible Hand,"  and I just want to ask you a few questions:

Lex Rex:  Mr. Darwin, who in your opinion makes the finest timepieces in the world and if you can be specific which company?

DARWIN:  "That is a very simple question, the finest watches or timepieces come from the little nation of Switzerland.  For decades and decades the Swiss have manufactured via art and craftmenship the finest timepieces in the world.  The finest watch I have ever seen was hand crafted by the Swiss Watch Company Girard Perregaux.

Lex Rex:  Mr. Darwin, that is very interesting, in fact I am wearing a Girard Perregaux Timepiece, I want to show you a picture of the front and back of this masterful hand crafted watch.  Mr Darwin, if you had never seen a watch like this before and you found this timepiece in the woods, what would be the first thought that comes to your mind?

DARWIN:  If I found this magnificent timepiece in the woods, and I had never seen a watch before, my first response would be, who was the master that made this timepiece.

Lex Rex:  Let me get this right Mr. Darwin, you are saying that this timepiece had to be created and formed by the hands of a master?

Darwin:  That is right.

Lex Rex:  Do you think, Mr. Darwin, that this Timepiece could had been thrown together by chance?

DARWIN:  Don't be absurd boy, a fine timepiece of this sort can only be manufactured by the hands of a master!!!!

Lex Rex:  What is the difference between finding a human  or finding a fine swiss timepiece, is not a human more intricate and masterfully made?

DARWIN:  THIS INTERVIEW IS OVER, YOU ARE AN IGNORANT . . . .

Ask a child these same questions, and there is no difference, a human is fearfully and wonderfully made, a trillion times over than the finest Swiss Timepiece.

Enjoy the Pics:

BART SIMPSON BELIEVES!!!!!!!!

BIZARRO BELIEVES!!!!!

CAVEMAN BELIEVE!!!!!!

So does ABRAHAM LINCOLN, LEX REX a.k.a. Tim Tompkins and many countless others BELIEVE,  Praise YAHWEH GOD, HE IS THE MASTER CREATOR and it only took SIX DAYS.

-LEX REX

THE LINCOLN INTERVIEW ON THE OCCASION OF HIS 200th BIRTHDAY February 12, 2009

The Invisible Hand's reporter Tim Tompkins a.k.a Lex Rex sat down with Abraham Lincoln to talk about His Faith on the occasion of his 200th Birthday on February 12, 1809, coincidentally Abraham Lincoln shares the same birth date as Charles Darwin, who also was born on February 12, 1809.  Both individuals who put a mark on History, share the same Birthday and are celebrating 200 years, each man made an impact, but their views in regard to Faith differ dramatically.  Today I speak with President Abraham Lincoln, the questions are completely editorial, but Mr. Lincoln's answers are word for word.

Lex Rex:  Mr. Lincoln this picture of you reading to Tad, many people say that is the Bible you are reading?

Lincoln:  "Most people, suppose the book a large clasped Bible, whereas it was a big photograph album which the photographer, had hit upon as a good device to use in this way to ring the two sitters together." 

Lex Rex:  Mr. Lincoln, what has the Bible meant to you?

Lincoln:  “In regard to this Great book, I have but to say, it is the best gift God has given to man. All the good the Savior gave to the world was communicated through this book. But for it we could not know right from wrong. All things most desirable for man’s welfare, here and hereafter, are to be found portrayed in it."

Lex Rex:  Mr. Lincoln, is it true, that you are not a member of a church?

Lincoln:  "That I am not a member of any Christian Church, is true; but I have never denied the truth of the Scriptures; and I have never spoken with intentional disrespect of religion in general, or of any denomination of Christians in particular."

Lex Rex:  In the Stephen Douglas debate, you compared "all men are created equal" to a standard in God's word, can you explain?

Lincoln: “My friend has said to me that I am a poor hand to quote Scripture. I will try it again, however. It is said in one of the admonitions of the Lord, ‘As your Father in Heaven is perfect, be ye also perfect.’ The Savior, I suppose, did not expect that any human creature could be perfect as the Father in Heaven; but He said, ‘As your Father in Heaven is perfect, be ye also perfect.’ He set that up as a standard, and he who did most towards reaching that standard, attained the highest degree of moral perfection. So I say in relation to the principle that all men are created equal, let it be as nearly reached as we can.’”

Lex Rex:  Mr. Lincoln, do you believe the Bible is true and should we use it as a people to give us direction?

Lincoln:  “Now, let us treat the Bible fairly. If we had a witness on the stand whose general story we knew was true, we would believe him when he asserted facts of which we had no other evidence. We ought to treat the bible with equal fairness. I decided a long time ago that it was less difficult to believe that the Bible was what it claimed to be than to disbelieve it. It is a good book for us to obey – it contains the ten commandments, the Golden Rule, and many other rules which ought to be followed. No man was ever the worse for living according to the directions of the Bible.” 

Lex Rex:  Mr. Lincoln, the Bible has been a source of your deep conviction in the Providence of God on the USA, explain this?

Lincoln:  "Such a man the times have demanded, and such, in the providence of God was given us. But he is gone. Let us strive to deserve, as far as mortals may, the continued care of Divine Providence, trusting that, in future national emergencies, He will not fail to provide us the instruments of safety and security."

Lex Rex:  Mr. Lincoln, are you a firm believer that God made you, and by God's making He gave you unalienable rights?

Lincoln:  "'We hold these truths to be self-evident: that all men are created equal; that they are endowed by their Creator with certain unalienable rights; that among these are life, liberty and the pursuit of happiness.'" This was their majestic interpretation of the economy of the Universe. This was their lofty, and wise, and noble understanding of the justice of the Creator to His creatures.  Yes, gentlemen, to all His creatures, to the whole great family of man.  In their enlightened belief, nothing stamped with the Divine image and likeness was sent into the world to be trodden on, and degraded, and imbruted by its fellows. They grasped not only the whole race of man then living, but they reached forward and seized upon the farthest posterity. They erected a beacon to guide their children and their children's children, and the countless myriads who should inhabit the earth in other ages. Wise statesmen as they were, they knew the tendency of prosperity to breed tyrants, and so they established these great self-evident truths, that when in the distant future some man, some faction, some interest, should set up the doctrine that none but rich men, or none but white men, were entitled to life, liberty and the pursuit of happiness, their posterity might look up again to the Declaration of Independence and take courage to renew the battle which their fathers began -- so that truth, and justice, and mercy, and all the humane and Christian virtues might not be extinguished from the land; so that no man would hereafter dare to limit and circumscribe the great principles on which the temple of liberty was being built."

Lex Rex:  Mr. Lincoln, as you are aware, this is the 200th anniversary of your birth and also the 200th anniversary of Charles Darwin's birth, the author of "The Origin of Species," how do you see the the belief of Evolution in this culture and how do you think God views the whole argument?

Lincoln:  "The will of God prevails. In great contests each party claims to act in accordance with the will of God. Both may be, and one must be wrong. God can not be for and against the same thing at the same time."

Lex Rex:  The last question, On your 200th anniversary do you have any words for the People of the United States?

Lincoln:  "Let us renew our trust in God, and go forward without fear, and with manly hearts."

Thank you, Mr. President for this time and sharing your faith to the American People,  God Bless the USA.

-Lex Rex

THANKS TIM, DRUDGE REPORTS, BUT DON'T BLAME TIM HE IS JUST THE MESSENGER

THANKS TIM

This is the headline on Drudge Report, and it leads to this story on CNBC News, 

Stocks Tumble as Bailout Plan Is Unveiled

The Dow Jones Industrial Average was down nearly 300 points after Treasury 

Secretary Tim Geither revealed details of the bank-bailout plan. Earlier, the blue-chip 

index was down less than 100 points.

Some market pros said the market selloff was simply a case of 

buy on the rumor, sell on the news. Tony Crescenzi of Miller Tabak said 

Geithner spoke to the wrong street: Main Street instead of Wall Stree"The problem is that Geithner needed to speak more to Wall Street, where the problems lie, 

rather than stay at a distance as he did, and leave Wall Street with too few details 

with no roadmap by how it might find its way out of current difficulties," Crescenzi wrote 

in a note to clients.

The "Financial Stability Plan," as it's now called, consists of four main components:

1) It will set up a public-private fund to mop up to $500 billion of spoiled bank assets.

2) It will set up a consumer-lending facility to support up to $1 trillion in new lending.

3) It will devote up to $50 billion to help stem home foreclosures.

4) It will provide new funding to banks after a "stress test" to determine if the bank is healthy.

Some market watchers remain skeptical over the benefits of the plan and legendary 

investor Jim Rogers told CNBC it could even make things worse. 

The bailout will plunge the US further into debt and it is designed by 

the same people who failed to forecast the crisis in the first place, Rogers said.

However, the Drudge Report is incorrect, Tim Geithner is only the messenger, the real culprit and benefactor of our praise should be President Barack Obama and all the Euopean Socialists in Congress who back the Stimulus, I mean SUCCUBUS bill.   Meanwhile GOLD went up 1.87% as Tim was being the message boy.  You know I feel like I am watching one of those movies, that by the first 10 minutes I know how it is going to end and You hate the ending.  Well the USA is in one of those movies and the American People are going to hate the ending.

-LEX REX

DARWINISM RESPONSIBLE FOR TERRORISM? SIN is the CULPRIT & JESUS CHRIST IS THE KEY

 

The  Tehran Timesreprints an article by Adnan Oktar, known by his pen name Harun Yahya, a prominent advocate of Islamic creationism that states Darwinism is the root of terrorism and Islam is the anecdote.

Mr. Yahya is opposed to Zionism and Freemasonry and sees them as very interrelated movements. He denounces terrorism, which he says is a product of Darwinism, while he considers Islam its antidote. Islam, he believes, is a religion of peace and love.

Following is an excerpt of Harun Yahya’s exclusive interview with Kourosh Ziabari:

Q: Mr. Yahya, it seems the world is paying a heavy price for ignoring moral values and religious ethics -- and many governments make irrational and irreligious decisions, which lead to starvation, massacres, corruption, poverty, and economic inequality. What’s your view on this?

A: Muslims are generally unaware where the troubles are coming from. People in the world as a whole are unaware of the essence of the matter. When I investigated it I saw that Darwinism lay at the root of all this suffering, trouble, violence and pain as there would be no materialism without Darwinism. Darwinism is essential for materialist philosophy and without materialism there can be no communism, fascism, imperialism, savage capitalism, nor immorality nor terror. These are all inter-related, but because people are ignorant of that, they fail to grasp the importance of the intellectual struggle against Darwinism.

“Why is it so important, why do you concentrate on it so much?” they say. Atheism is active right across the world, hurting and literally damning people. But they do not look for the root cause. Yet Darwinism is the foundation of godlessness, of all atheist ideologies, and thus of all these troubles. I have gone right to the root of the matter and struck at the root of atheism in my work.

It is this that lies at the heart of Darwinists’ own suffering and the savagery in the materialist universe. In other words, by Allah’s leave, I have severed the jugular, the main artery of atheism. As Darwinism has collapsed, materialists have of course less and less respect for their own beliefs. It is no longer possible for people to be materialists. That is why, if Muslims want to fight atheism, they must wage an intellectual struggle against the religion of atheism.

Right on Brother preach it, Amen, Amen, Glory Hallelujah.  Man what am I saying, I do not agree with Mr Yahya's assessment, Terrorism is a by-product of man's  sinful nature and hatred,  and the only anecdote for sin is Jesus Christ.  Jesus Christ and only Jesus Christ, and not Islam, is the answer to sin and terrorism.in fact, throughout history Islam has been the religion of the sword.  Here is the testimony of Masab Yousef  who turns his back on terrorism & converts to Christianity

You see Jesus Christ is the key or the anecdote to terrorism, not Islam.  I do agree on this point God created all things and He breathed into the nostrils of both Adam and Eve, and created Man and Woman.  And ever since the Origin of Species was published in 1859, the LIE OF DARWINISM has infiltrated our culture and our moral foundation, but the key is Jesus Christ, NOT ISLAM, sorry Muhammad.

-Lex Rex

OBAMA LEADING USA DOWN ROAD TO DISASTER Our Biggest American Mistake Always

STIMULUS (SUCCUBUS) WILL LEAD TO DISASTER

Our Biggest American Mistake Always

President Obama is not a Wizard, he is more like the man behind the curtain, He is leading us not down the Yellow Brick Road but the ROAD TO DISASTER.  Leading Republicans warned Sunday that the Obama administration's $800 billion-plus economic stimulus effort will lead to what one called a "financial disaster."

The country will "pay dearly" if it executes the president's stimulus plans, Sen. Richard Shelby says.

"Everybody on the street in America understands that," said Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee. "This is not the right road to go. We'll pay dearly."  In fact President OBAMA is OUR BIGGEST AMERICAN MISTAKE ALWAYS, and He is sending Us, our children, and our great-grand children down the road to disaster.  The Financial Times  reports that Obama is going on the campaign trail.  It did not take long for Barack Obama to crave the wind in his hair again.

Several weeks of Sisyphean efforts at building a bipartisan consensus on his $800billion stimulus plan appear to have won the White House very little support from an increasingly hostile opposition. Of the 218 elected Republicans on Capitol Hill, just three have come out in support of the president’s plan – and even their support cannot be guaranteed.  Let's pray it is not.

With an increasingly now or never urgency to his efforts, Mr Obama will on Monday take his case to the voters in Elkhart, Indiana, in the kind of “town hall” setting that was a daily event during his 21-month election campaign. In Tuesday he will repeat the performance in Florida. And tonight he holds his first prime-time presidential press conference. There is no guarantee that any of this will work. In spite of pushing his Democratic colleagues in the Senate to broker a compromise with the three Republicans on Friday night that cut more than $100billion in spending from the stimulus package and added in new tax cuts, most Republican opposition appears only to have hardened over the weekend.

More than 40 per cent of the $827bn Senate bill comes in the form of tax cuts, compared with 30 per cent in the $819bn bill that passed the House.

“We’re going down a road to disaster,” Richard Shelby, the senior Republican on the Senate banking committee, said on Sunday. “There’s got to be some other way better than what we’re doing. Not the socialist way but to try and get our free market working again.”

Nor do Mr Obama’s efforts appear to be winning applause from his own support base, which is increasingly agitated about the substance of the compromises that were agreed in the Senate.

Obama our biggest American mistake always is leading us to financial disaster and the Great Depression II, to be continued . . . . .

-Lex Rex

FEDERAL GOVERNMENT DON'T TREAD ON ME: STATES FOLLOW NH LEAD

FEDERAL GOVERNMENT vs. STATE RIGHTS

A REVOLUTION COMING?

The Federal Government's Power is LIMITED, it is time for States to Stand Against the TYRANNY of the Federal Government, New Hampshire is trying to fire the First Shot, here is an article by Larrey Anderson of the American Thinker.

The Shot Heard Round New Hampshire

Larrey Anderson
Four New Hampshire state legislators have introduced a resolution affirming Thomas Jefferson’s defense of states' rights. House Concurrent Resolution 6 was recently introduced into the New Hampshire’s State-Federal Relations and Veterans Affairs Committee by Rep. Itse, Rep. Ingbretson, Rep. Comerford, and Sen. Denley.

Interestingly, the authors of the New Hampshire Resolution took most of the language from the document commonly known as “Jefferson and Madison’s Kentucky Resolutions of 1798.”*

Following in the footsteps of the Founding Fathers the New Hampshire Resolution declares:

That the several States composing the United States of America, are not united on the principle of unlimited submission to their General Government; but that, by a compact under the style and title of a Constitution for the United States, and of amendments thereto, they constituted a General Government for special purposes, -- delegated to that government certain definite powers, reserving, each State to itself, the residuary mass of right to their own self-government; and that whensoever the General Government assumes undelegated powers, its acts are unauthoritative, void, and of no force; that to this compact each State acceded as a State, and is an integral party, its co-States forming, as to itself, the other party: that the government created by this compact was not made the exclusive or final judge of the extent of the powers delegated to itself; since that would have made its discretion, and not the Constitution, the measure of its powers; but that, as in all other cases of compact among powers having no common judge, each party has an equal right to judge for itself, as well of infractions as of the mode and measure of redress….

The New Hampshire Resolution boldly defends the state’s (and its citizens') rights preserved under the 9th and 10th Amendments to the Constitution:

The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.

The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

Representative Daniel Itse, one of the resolutions co-authors, appeared yesterday on the Mike Church Show radio program. A transcript of the interview can be found here.

Representative Itse explained the reasoning behind the introduction of his resolution:

As a statement of the founders’ principle that it is the states who are in charge, and not the federal government; that it’s they [the states] who have the power to interpret the Constitution; and that the federal government has only definite delegated powers; and that any law enacted outside those delegated powers is null and void.

A concurrent resolution lacks legal authority. It is a non-binding expression of the intentions of the legislature. Nevertheless, these four New Hampshire state legislators have shown much courage by introducing (or reintroducing) these precious principles that have been the bedrock of our republic.

Maybe HCR 6, the shot heard round little old New Hampshire, will inspire more Americans to realize the desperate need to free ourselves from an overreaching federal government. In which case, the shot heard round New Hampshire might become the next shot heard round the world.

*Thomas Jefferson was the chief author of the Kentucky Resolutions and Madison was primarily responsible for the similar Virginia Resolutions. Both men may have worked on each set of resolutions.

-Posted by LEX REX a.k.a Tim Tompkins