Monthly Archives: May 2009

News Flash:IRS Tax Rceipts Down 35%

From USA Today: A study released by the American Institute for Economic Research says The Internal Revenue Service that tax collection is down $138 billion dollars or 34% in April  vs. April 2008. This is biggest drip since April 1981.

As the economy fall, revenue dries up, says Kerry Lynch of AIER. Lynch said,”It illustrates how severe the recession has been.”

In the United States, these has been 6 million jobs lost in last year alone which mean fewer tax dollars. Income tax revenue is down 44% year on year basis.

This in turn means bigger budgets deficits for years to come.

USA TODAY

Good Greif: Getting Rid of Food That Causes CO2’s

From the United Kingdom: The British Government is recommending eliminating foods like lamb, hothouse tomatoes booze, to reduce carbon output to impact climate change.

People will be encourage to eat less carbon heavy foods such as pork, chicken, potatoes and seasonal vegetables.

“Changing our lifestyles, including our diets, is going to be one of the crucial elements in cutting carbon emissions,” said David Kennedy, chief executive of the Committee on Climate Change.

Kennedy, himself has given up on lamb kebabs.

A British government survey found in a study of greenhouse gases that for 2.2lbs of lamb produced 37lbs of carbon dioxide. While 2.2lbs of beef give off  35lbs of methane. 2.2lbs Hothouse tomatoes produces 20lbs of CO2’s. While 2.2lbs of potatoes makes 1lb of CO2’s making it one of the carbon friendliest on the planet.

The Carbon Trust funded by British tax payers is helping the food and beverage industry finding out in ways of which foods and drinks has a high carbon footprint.

The Times of London

Ahmadinejad Tests the World: Iranian Ships sent to International Waters

President Mahmoud Ahmadinejad’s Iran has sent six warship into international waters including  Strait of Hormuz to show the world how it will handle foreign threats.

Admiral Habibollah Sayyari of the Iranian Navy was quoted by ISNA News Agency”Iran has dispatched six … warships to international waters and the Gulf of Aden region in an historically unprecedented move by the Iranian Navy,”  Sayyari told Iranian military leaders; this comes after Iran launched a 1200 mile surface to surface missile just days earlier.

The  ships was also placed in addition the Straits of Hormuz, The Sea of Oman and the Gulf of Aden. Two weeks earlier Iran sent two naval vessels to protect it tanker for pirates.

The Iranian Naval leader say Iran was protect it territorial waters called for the “perseverance and firmness” of the navy. The action is indicative of the country’s high military capability in confronting any foreign threat on the country’s shores,” Sayyari said.

Reuters India

North Korea’s is at it again…Testing Nuclear Bombs and Missiles

Boy What a week and its Wednesday; and Kim Jung Il has been a busy little bee. On Monday, North Korea tested an underground nuclear weapon in defiance against the world along with firing two missiles.  The world quickly and roundly denounced the actions. President Obama,  has said to The US and the west must stand up against North Korea actions. Obama called the test dangerous and a threat to it’s neighbors.

The Obama Administration wants to get involve to stopping North Korea in nuclear weapons making through  Six Party talk which involves China, Russia, Japan, The United States, South Korea to engage The North on its nuclear Ambition. North Korea say they not interested in re-starting the talks.

On Tuesday, North Korea restarted it nuclear reactor  that is used  for Nuclear weapons and set off another series of missiles. If that not enough South Korea is joining the US and Japan to inspects North  ships in international waters against the North. North Korea has threat retaliation against South Korea.

Political observers see this as a test of  Obama’s skills in international affairs, The administration will press China to pressure North Korea to get out of  building nuclear weapons.

Secretary Hillary Clinton, contacted her counterparts in Japan and South Korea on Monday and working on strong diplomatic reaction to the North Korea Nuclear test.

Breitbart.com

President Barack Obama says”We’re Out of Money”

Lovely! Just Freaking Lovely! In are moment of  candor President Barack Obama says “We’re Out of Money.” The breathtaking statement was taken during an interview with Steve Scully of C-Span on Friday(5/22/09)

Excerpt Via Matt Drudge :

'WE'RE OUT OF MONEY'
Sat May 23 2009 10:32:18 ET

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: "We are out of money."

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we've made on health care so far. This is a consequence of the crisis that we've seen and in fact our failure to make some good decisions on health care over the last several decades.

So we've got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it's putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don't reduce long-term health care inflation substantially, we can't get control of the deficit.

So, one option is just to do nothing. We say, well, it's too expensive for us to make some short-term investments in health care. We can't afford it. We've got this big deficit. Let's just keep the health care system that we've got now.

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything...

SCULLY: When you see GM though as “Government Motors,” you're reaction?

OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven't seen since the 1930's. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries...

Developing…

This is Galling. After going on a spending spree the likes of which we never seen.  He blames of his spending  spree on health care. WHAT!?!?!?! You got  to be kidding me. This is the most asinine statement from this man yet.

Bailout after bailout, Taking over banks, and car manufacturing companies dictating  the type of cars we’ll drive.  Using hypothetical green energy via a cap and tax(I mean  trade cap and trade) so that our energy bill sky rocket.  Taxing everything in sight and we’re out of money.

The people of California rejected the state government schemes. Now the president says we’ re out of money. But he wants to keep doing  what he doing.  Does this make any sense?  And he wants to go on  to Socialized health care and other schemes.

A recent Rassmussen Reports survey says 77% of those who were surveyed  says the government need to cut spending and not raise taxes. But this man and most of the politicians don’t want hear the voices of the people and is hellbent on his spending campaigns .Which is insane.

I can’t wait for the reaction on the markets on Sunday(Monday) in Asia and Tuesday in Europe. This is going to be fun watching the dollar plunge; gold and oil skyrocket; and market go more  red than a lady of the evening with red lipstick on walking on a hot summer night on Hollywood Boulevard, lipstick melting. NOT!!!!!!!!!! (G__ that’s ugly).

C-Span

FEAR:Will America Loses AAA Rating?????

Is American’s spending sprees will cause our credit rating to fall? Two articles from via Drudge one Breitbart: Where the US dollar falling to all time lows versus The European Union’s Euro, The Japaneses Yan and the British Pound Sterling. Due to Massive spending. Meanwhile in Standard and Poor’s  credit rating agency says it may drop Brittan AAA credit rating due to spending programs. The credit rating agency has just reaffirmed at AAA however with massive spending up in the UK; it could cut.

The Euro rose  to $1.40 vs $1.39 today.  The British Pound rose $1.59. only the Yen fell 94.23 earlier vs 94.51 the yen peaked.

The second from Bloomberg: US Treasury Secretary Timothy J. Geithner,tries to reassures the credit rating agencies and our foreign debt holders. The US will reduce its the debt load as soon as posible.

“It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the medium term,” Geithner said in an interview with Bloomberg Television yesterday. He added that the target is reducing the gap to about 3 percent of gross domestic product, from a projected 12.9 percent this year.

Breitbart

Bloomberg

FBI Takes Down a Local LA County Gang That Targeted Blacks

This is personal.  I live a small town in southeast Los Angeles County Hawaiian Gardens; a working class town of 15,000 people  located on the Los Angeles County/ Orange County Border  surround by Long Beach, Lakewood, Cypress and Los Alamitos; for 30 years this past January. For year Hawaiian Gardens has a gang problem a severe gang problem. VHGR (Varrio Hawaiian Gardens) has been since the 1990’s been targeted blacks.  Hawaiian Gardens has a very small African-American community (which has been growing over the years; According to the 2000 Census the black population is 4.4%)

VHGR has been targeting blacks  by making threats, scrawl graffiti on walls of homes and businesses, and burning houses of blacks families.  I have been  harassed by some of the jokers. In 1992 or 1993 (I can’t remember the  exact date)walking back home from my late older brother home  late evening.   Then again in 2002 walking  from the liquor store  Carson Pioneer Market on the corner of Carson St. and  Pioneer Blvd.  The guy asked what am I doing here. The joker told me to go back to Compton, where I belong.  I ignored him I was scared.  But I wasn’t moving out for nobody except but own  my accord. I have been here since 1979  just about to twelve years old.

VHGR  has targeted other families in town and scared off people including My pastor’s family.  It was in 1995 that the City of Hawaiian Gardens hired African-American community relations liaisons I forgot his name. He asked questions of my parents, my late older brother Johnny and his widow Paulette and other black families.  And told us to call is there have been problems.

Whats funny I may know some of the parents of these gang members and I probably went to school with them from (old)Bloomfield Elementary School , Pharris Fedde Middle School(formerly M.T. Killingsworth Jr.High School)  and Artesia High School. These characters trying to push out blacks is crazy. I wasn’t scared off by white folks why should I be Hispanic gang members.

I thank GOD for the FBI and  LA County Sherrifs for finally bring an end to this madness. Now Black folks and others can have a piece of mind.

NYC Terror Plot Foiled.

This Just In:  The FBI foils a terror plot in New York City Wednesday  and four men were arrested.  The purported attack would blown up two New York City synagogues and the alleged terrorist group  had plans to shoot military planes stationed at Stewart Air Force  in Newburgh, NY in Lower Hudson River Valley  90 minutes from New York.

The FBI began its surveillance of the men over a year ago. The 4 men have been identified as James Cromatie, David Williams , Onta Williams and Lagueree Payen of Newburgh. The suspects contacted a an FBI Informant who  gain their trust and the informant supplied the group with  fake bomb materials including C4 explosives which was packed into two cars  to be detonated at a Jewish Synagogue.

The motive for the alleged plot Hatred for America and hatred of Jews.

“Hatred of the West. The leader of the group, James Cromitie was concerned about deaths at the hands of the U.S. military in Afghanistan,” and also expressed anti-Jewish sentiment, Joseph Demarest the head of the New York FBI said.

For now New Yorkers  can breathe a sigh of relief. But must stay vigilant  and alert and to keep radical Muslim group under watch.

For more : WABC-TV / DT

WCBS-TV / DT

WNBC-TV / DT

New York Daily News

New York Post

New York Times

Obama to Increse CAFE Standards in American Cars

Starting in 2012 and by 2016 All cars in the United States will averaging 35.5  miles per gallon. Passenger cars will be set at 39 miles per gallon,  smaller (light) trucks mpg will be set at 30 miles per gallon.

But this comes at a huge price figuratively and literally. The average price of car will jump $1,300  says the Obama Administration.  But non-government analysts  say the the cost of a new car will climb dramatically.  Meanwhile the size of cars and trucks must shrink per government mandate. Large vans, large trucks,  S.U.V. will be phased out.

Opponents don’t like what the feds are doing.

“The government is now designing our cars. It’s out of the hands of vehicle manufacturers,” said auto industry consultant Larry Rinek.

What’s worse car safety levels will decrease.  A National Highway Safety Board Administration recently found some small cars tested were heavily damaged or destroyed  in a head on collision with other small, mid size and large cars. Including the brand new Smart four two in a video of the test which aired on Fox Business show the Smart bounced like a beach ball practically destroying the car.

Why in the World would we the American people want to give up safety and shell out money for a government design and and controlled  car company. What a mess. By the way,Washington don’t try to convince me to buy  from Government Motors is patriotic I won’t buy it. I ll stick with Ford thank you.

By the way I don’t think the White House or Congress will give up their cars for smaller versions; Do You? I don’t think so.

AP via My Way News

Reuters via Yahoo News

Coming to Car Dealership Near You Government Motors

When General Motors files and goes into bankruptcy on June 1st they will sell off the so-called good parts of GM to the federal government.  While the bad assets will either sold to other auto manufacturers  or be liquidated.

In return GM would receive more money and will get have $16 billion in loans forgiven by the feds. The Government and UAW will get preferred  shares in the company.

Reuters