Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Republican

Who is Mike Pence?

Mike Pence, member of the United States House ...

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In an early straw poll, Rep. Mike Pence (R-Ind.) was the choice for presidential nominee in 2012 over such conservative luminaries as Sarah Palin, Mike Huckabee, and Mitt Romney. Capturing 24 percent of those voting at the Family Research Council’s Values Voter Summit this past weekend in Washington, DC, Pence relegated even Senator Jim DeMint to a barely visible 5 percent.

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SEC Charges NJ With Cooking the Books

Jon Corzine, Governor and former Senator from ...

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Notable in the statement from the Securities and Exchange Commission (SEC) last week that it was charging the State of New Jersey with securities fraud was the lack of fines, punishment, or names of the guilty. The fraud began in 2001 and wasn’t uncovered until the New York Times exposed it in April of 2007.

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Conjuring Magic To Cover States’ Debts

SACRAMENTO, CA - JULY 21:   A sign stands in f...

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The first warning about the possible bankruptcy of the town of Vallejo, California, was reported by the Associated Press on February 28, 2008, when Councilwoman Stephanie Gomes said, “Our financial situation is getting worse every single day. No city or private person wants to declare bankruptcy, but if you’re facing insolvency, you have no choice but to seek protection.”

Marci Fritz, vice president of the California Foundation for Fiscal Responsibility, blamed the action on promises made earlier by the council to the city’s employees concerning salaries and retirement benefits that the city no longer can afford. According to Fritz, these were promises made during economically flush times, and were due to the city council’s unrealistic expectations that those times would continue indefinitely.

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Stossel, Greenspan, and Ayn Rand

Cover of "Capitalism: The Unknown Ideal"

Cover of Capitalism: The Unknown Ideal

When John Stossel of Fox Business Network wrote his recent “Memo to Alan Greenspan” column, he recounted many of Greenspan’s failings while Chairman of the Federal Reserve, including especially Greenspan’s relentless expansion of the money supply and lowering of interest rates that set in motion the housing bubble that burst in 2007.

But Stossel got one part of his memo wrong.

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Despite Kagan, Public Knows Little About Supreme Court

Cover of "The Dirty Dozen: How Twelve Sup...

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Now that Elena Kagan has been confirmed as Justice of the Supreme Court following several weeks of highly publicized hearings, the public remains poorly informed about the Court’s role. And even what is supposedly known is contradictory. Pew Research Center’s latest New IQ Quiz, which was conducted in early July, revealed that “an overwhelming proportion of Americans are familiar with Twitter…yet the public continues to struggle in identifying political figures, foreign leaders and even knowing facts about key government policies.”

For example, barely one in four of those surveyed was able to identify John Roberts as the chief justice of the Supreme Court. Pew goes on to say, “young people fare particularly poorly on political knowledge.”

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Ryan’s Roadmap II

WASHINGTON, DC - FEBRUARY 15:  Chairman Paul R...

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The first time Rep. Paul Ryan (R-Wisc.) offered his “Roadmap for America’s Future” to the House of Representatives, it failed by 137-293, with 38 Republicans voting against, including Rep. Ron Paul (R-Texas). With his own district safe in the fall elections, Ryan has been spending his time generating support for Roadmap II with presentations to conservative think tanks and coffee klatches.

And he seems to be gaining some traction along with a lot of fresh attention.

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TARP Criticism Misses the Point

PaulsonHenry

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When TARP Inspector General Neil Barofsky criticized the Home Affordable Modification Program (HAMP) as being ineffective, he blamed the Treasury Department for not setting clearer goals for that part of the Troubled Asset Relief Program (TARP).

Only 390,000 homeowners “have seen their mortgage terms permanently modified since the $50 billion program was announced in March 2009. That is a small fraction of the three to four million borrowers who were supposed to receive assistance under the program.”

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Fixing State Budgets will be Painful

Carly Fiorina (MBA 1980), former CEO of Hewlet...

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Pew Research recently polled Americans about ways to bring state budgets into balance and found that respondents did not like any of the options. In its Congressional Connection poll released June 28, Pew Research asked if a federal bailout of financially troubled states should be considered. Barely one in four said yes. Nearly 60 percent said no, that the states should take care of their problems on their own.

Other options offered by Pew included cutting transportation funding, raising taxes, cutting health services, reducing spending for police and fire departments, and slashing the public school budget. Each of those options was also strongly opposed, often by majorities approaching 70 percent.

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Loophole Backfires, Blows Up DISCLOSE Act

National Rifle Association

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In their attempt to mitigate negative election-year fallout from the Supreme Court’s recent ruling in favor of rights of free speech for everyone in Citizens United, Democrats Senator Charles Schumer (New York) and Representative Chris Van Hollen (Maryland) proposed legislation entitled “Democracy is Strengthened by Casting Light on Spending in Elections,” or DISCLOSE.

Schumer was very clear that DISCLOSE was carefully crafted to “embarrass companies [inclined to get involved in the fall elections] out of exercising those rights,” according to Kim Strassel in the Wall Street Journal. “The bill will make companies ‘think twice’, [Schumer] rejoiced. ‘The deterrent effect should not be underestimated.’”

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Sharron Angle vs. Harry Reid and the GOP

Senator Harry Reid, Senate Majority Leader

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Sharron Angle is going to have to learn how to fight with both hands in Nevada’s general election battle against Senate Majority Leader Harry Reid, as Manu Raju explains in two articles appearing at Politico.com here and here. With her left hand she will be busy fending off attack ads from the Reid camp for her “extremism,” and with her right hand soothing sitting Senators with whom she might well be working after the election.

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New York’s Plan: Kick the Can

An empty tin can.

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New York Governor David Paterson said in a radio interview on June 10 that his state might have to issue IOUs to pay its bills, or else face “anarchy in the streets.” The state faces a $9.2 billion deficit, and the legislature is two months late in voting on the budget.  An actual shutdown of state services has been avoided, temporarily, by enacting temporary emergency spending bills.  Even if the government shuts down, there is serious question about whether police, firefighters, prison guards and emergency and healthcare workers could continue to work without pay. “You could have anarchy literally in the streets if the government shuts down,” Paterson said.

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Mortgage Defaults Increasing

Luigi Zingales

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According to the New York Times, “A growing number of the people whose homes are in foreclosure are refusing to slink away in shame.” They are just refusing to make their mortgage payments but continue to live in their home until the bank evicts them. LPS Applied Analytics says the average borrower in foreclosure “has been delinquent for 438 days before actually being evicted.” This means that the homeowner essentially lives rent-free for nearly 15 months, and can use his mortgage payment to make other payments such as car loans and credit cards.

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Biden Predicts Job Growth—but Where’s the Evidence?

Vice President Joe Biden takes the oath of off...

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Vice President Joe Biden predicted job growth of 250,000 to 500,000 jobs a month in the next two months, according to CNBC on Monday. Biden was speaking at a political fundraiser in Pittsburgh, where he said, “We caught a lot of bad breaks on the way down. We’re going to catch a few good breaks because of good planning on the way up…All in all, we’re going to be creating somewhere between 100,000 and 200,000 jobs next month.”  Even though some have cautioned Biden about his excessive and premature enthusiasm, Biden continued:  “I’m here to tell you some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month.”

However, the evidence and logic backing up Biden’s prediction are clearly lacking.

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Rush Limbaugh as GOP Kingmaker?

Rush Limbaugh

Cover of Rush Limbaugh

Zev Chafetswriting an op-ed for the New York Times, concluded that radio show host Rush Limbaugh “is the brains and the spirit behind [the conservative] resurgence.”

The writer claimed that “when the Tea Party movement emerged, Mr. Limbaugh welcomed it”:

The movement’s causes—fighting against health care reform, reducing the size and cost of government, opposing the Democrat’s putative desire to remake America in the image of European social democracies—were straight Limbaughism. A very high proportion of Tea Partiers listen to Mr. Limbaugh. Sarah Palin’s biggest current applause line—“Republicans are not just the party of no, but the party of hell no”—came courtesy of Mr. Limbaugh. Glenn Beck…calls Mr. Limbaugh his hero.

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SENATOR Rand Paul?

Rand Paul

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If Rand Paul’s poll numbers are confirmed in today’s Republican primary in Kentucky, it will, according to the New York Times, “mark one of the most important moments yet for the Tea Party.”  Establishment Republicans such as Mitch McConnell (R-Ky.) and former Vice President Dick Cheney have endorsed Paul’s opponent, Trey Grayson. But it is Paul who is leading by double-digits in thelatest polls, and the polls also show Rand leading his potential Democrat challengers, state Attorney General Jack Conway and Lt. Gov. Daniel Mongiardo. That is, it appears likely that Rand Paul will not only win today’s primary but will go on to win the Senate seat now held by retiring Senator Jim Bunning in November.

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Supreme Court Nominee Elena Kagan: Clearly Opaque

days Elena Kagan since 2010

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When President Obama named Elena Kagan as his nominee for justice of the Supreme Court to replace retiring Justice John Paul Stevens, he said she “embodies that same excellence, independence, integrity and passion for the law” as did Justice Stevens. Obama said Kagan is “one of the foremost legal minds” in the country, and is “a trailblazing leader.”

As was immediately pointed out by Conservative Action, the words “independence” and “trail-blazing leader” translate into “Liberal Judicial Activist.”  Conservative Action then went on to offer rebuttals to various “talking points” the administration is using to promote her nomination:

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Will America Get a Value Added Tax (VAT)?

President's Advisory Panel for Federal Tax Reform

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Former Federal Reserve Chairman Paul Volcker sent up a trial balloon at the New York Historical Society April 6 when he said that a Value-Added Tax (VAT) needed to be considered in light of the huge deficits facing the country. According to Volcker, the VAT is “not as toxic an idea” as many have considered it to be in the past, and “if at the end of the day we need to raise taxes, we should raise taxes.”

He wasn’t the first one to float this recently. Charles Krauthammer wrote late last month that “as the night follows the day, the VAT cometh” and that “a national sales tax near-universal in Europe is inevitable.” Because of the huge deficits facing the nation, exacerbated by the newly passed ObamaCare bill, there is no way out except to raise taxes, according to Krauthammer.

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Can ObamaCare Be Repealed, Nullified?

Repeal ObamaCare

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U.S. Representative Michele Bachmann (R-Minn.), who has earned a “Freedom Index” rating of 90 percent in the current Congress to date, has introduced a bill in the House to repeal ObamaCare. In her press release, Bachmann reminded her constituents that “the government already owns or controls about one-third of U.S. economic activity through the takeover of General Motors, the bankruptcy reorganizations of Chrysler, the partial ownership of two of the country’s largest banks in Bank of America and Citigroup, and the seizure of mortgage giants Fannie Mae and Freddie Mac as well as AIG. Taken all together, [with ObamaCare] we’re looking at half of the American economy in the grip of the federal government.” Bachmann said that it “will do nothing to spur economic growth … [but] will serve only as an obstacle to actual recovery and smother the spirit of innovation and freedoms that made this country great.”

Her bill is simplicity itself:

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Citigroup Bailout Retrospective

Citigroup

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In the announcement that the U.S.Treasury was likely to make a profit selling its stock in Citigroup, much was made about the great returns that sale would generate, and very little was said about how it all happened in the first place.

The potential profit was estimated to be about $7.5 billion assuming that the price of Citigroup’s stock stays at its current level through the end of the year. The article joyfully announced that “it’s a 14 percent rate of return on the $165 billion invested in the biggest banks. Hundreds of smaller banks also received [TARP] money and have been paying the government a steady stream of dividends and interest.” Banking analyst Bert Ely said, “Overall, TARP may cost taxpayers money. But the banking part of it is going to be a moneymaker.”

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Recess Appointments and the Constitution

2009 Five Presidents, President George W. Bush...

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“Side-stepping Senate confirmation,” declared the New York Times. “This is going to make problems worse,” exclaimed Lindsey Graham (R-S.C.). “What this is going to do is cause the election of a lot more Republicans…in November who are determined to come in and provide some checks and balances in Washington to stop the overreaching of the government,” hollered Lamar Alexander, (R-TN).

On Saturday, March 27, President Obama used “recess appointments” to fill 15 administration positions because he couldn’t get them past the Senate’s constitutional requirement to give the appointments its Advice and Consent. Obama said, “The United States Senate has the responsibility to approve or disapprove of my nominees.” On that point, the President is exactly correct. Here is the language from the Constitution under Article II, Section 2, Clause 2:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2018 Bob Adelmann