Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, February 25, 2009

Jindal response to Obama speech prepares the ground for 2012 challenge


Governor Jindal's response to president Obama's speech has been criticized in some quarters as somewhat anodyne. Undoubtedly his delivery was largely monotone and somewhat devoid of passion. However on balance he is likely to benefit from this speech. He skilfully stitched his family background into the record. He stressed his humble origins. There is an uncanny resemblance between his upbringing and that of Barack Obama.

He stresses core Republican values such as lower personal and business taxation and less government. Here he is appealing to the GOP base. His speech is interspersed with a mix of criticism and praise for Barack Obama. Thus he comes across as fair minded and not meanspirited. Jindal is aiming to increase his profile among the electorate as he prepares to campaign for the GOP nomination for the 2012 presidential election. This speech should increase his recognition factor.
It is likely that Sarah Palin, Mitt Romney and Bobby Jindal will be front-runners in the race for the GOP nomination for 2012.

Louisiana Gov. Bobby Jindal gives the GOP response to President Obama's address Tuesday-Transcript

Tonight, we witnessed a great moment in the history of our Republic. In the very chamber where Congress once voted to abolish slavery, our first African-American president stepped forward to address the state of our union. With his speech tonight, the president completed a redemptive journey that took our nation from Independence Hall to Gettysburg to the lunch counter and now, finally, the Oval Office.

Regardless of party, all Americans are moved by the president's personal story -- the son of an American mother and a Kenyan father, who grew up to become leader of the free world.

Like the president's father, my own parents came to this country from a distant land. When they arrived in Baton Rouge, my mother was already 4-½-months pregnant. I was what folks in the insurance industry now call a "pre-existing condition." To find work, my dad picked up the yellow pages and started calling local businesses. Even after landing a job, he could still not afford to pay for my delivery, so he worked out an installment plan with the doctor. Fortunately for me, he never missed a payment.

As I grew up, my mom and dad taught me the values that attracted them to this country, and they instilled in me an immigrant's wonder at the greatness of America. As a child, I remember going to the grocery store with my dad. Growing up in India, he had seen extreme poverty. And as we walked through the aisles, looking at the endless variety on the shelves, he would tell me: "Bobby, Americans can do anything." I still believe that to this day: Americans can do anything. When we pull together, there is no challenge we can't overcome.
As the president made clear this evening, we are now in a time of challenge. Many of you listening tonight have lost jobs. Others have seen your college and retirement savings dwindle. Many of you are worried about losing your health care and your homes. And you are looking to your elected leaders in Washington for solutions.

Republicans are ready to work with the new president to provide those solutions. Here in my state of Louisiana we don't care what party you belong to, if you have good ideas to make life better for our people. We need more of that attitude from both Democrats and Republicans in our nation's capital. All of us want our economy to recover and our nation to prosper. So where we agree, Republicans must be the president's strongest partners. And where we disagree, Republicans have a responsibility to be candid and offer better ideas for a path forward.

Today in Washington, some are promising that government will rescue us from the economic storms raging all around us.
Those of us who lived through Hurricane Katrina -- we have our doubts.
Let me tell you a story.
During Katrina, I visited Sheriff Harry Lee, a Democrat and a good friend of mine. When I walked into his makeshift office, I'd never seen him so angry. He was yelling into the phone: "Well, I'm the Sheriff and if you don't like it you can come and arrest me!" I asked him: "Sheriff, what's got you so mad?" He told me that he had put out a call for volunteers to come with their boats to rescue people who were trapped on their rooftops by the floodwaters. The boats were all lined up ready to go, when some bureaucrat showed up and told them they couldn't go out on the water unless they had proof of insurance and registration. I told him, "Sheriff, that's ridiculous." And before I knew it, he was yelling into the phone: "Congressman Jindal is here, and he says you can come and arrest him too!" Harry just told the boaters to ignore the bureaucrats and go start rescuing people.

There is a lesson in this experience: The strength of America is not found in our government. It is found in the compassionate hearts and the enterprising spirit of our citizens. We are grateful for the support we have received from across the nation for the ongoing recovery efforts. This spirit got Louisiana through the hurricanes and this spirit will get our nation through the storms we face today.

To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and not to just put more money and power in hands of Washington politicians. The way to lead is by empowering you, the American people. Because we believe that Americans can do anything.
That is why Republicans put forward plans to create jobs by lowering income tax rates for working families, cutting taxes for small businesses, strengthening incentives for businesses to invest in new equipment and hire new workers, and stabilizing home values by creating a new tax credit for home-buyers. These plans would cost less and create more jobs.
But Democratic leaders in Congress -- they rejected this approach. Instead of trusting us to make wise decisions with our own money, they passed the largest government spending bill in history, with a price tag of more than $1 trillion with interest. While some of the projects in the bill make sense, their legislation is larded with wasteful spending. It includes $300 million to buy new cars for the government, $8 billion for high-speed rail projects, such as a "magnetic levitation" line from Las Vegas to Disneyland, and $140 million for something called "volcano monitoring." Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington, D.C.

Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line, and saddle future generations with debt. Who among us would ask our children for a loan, so we could spend money we do not have, on things we do not need? That is precisely what the Democrats in Congress just did. It's irresponsible. And it's no way to strengthen our economy, create jobs, or build a prosperous future for our children.

In Louisiana, we took a different approach. Since I became governor, we cut more than 250 earmarks from our state budget. To create jobs for our citizens, we cut taxes six times -- including the largest income tax cut in the history of our state. We passed those tax cuts with bipartisan majorities. Republicans and Democrats put aside their differences -- we worked together to make sure our people could keep more of what they earn. If it can be done in Baton Rouge, surely it can be done in Washington, D.C.
To strengthen our economy, we need urgent action to keep energy prices down. All of us remember what it felt like to pay $4 at the pump and unless we act now, those prices will return.

To stop that from happening, we need to increase conservation, increase energy efficiency, increase the use of alternative and renewable fuels, increase our use of nuclear power, and increase drilling for oil and gas here at home. We believe that Americans can do anything and if we unleash the innovative spirit of our citizens, we can achieve energy independence.

To strengthen our economy, we also need to address the crisis in health care. Republicans believe in a simple principle: No American should have to worry about losing their health coverage -- period. We stand for universal access to affordable health care coverage. What we oppose is universal government-run health care. Health care decisions should be made by doctors and patients, not by government bureaucrats. We believe Americans can do anything, and if we put aside partisan politics and work together, we can make our system of private medicine affordable and accessible for every one of our citizens.

To strengthen our economy, we also need to make sure every child in America gets the best possible education. After Katrina, we reinvented the New Orleans school system, opening dozens of new charter schools, and creating a new scholarship program that is giving parents the chance to send their children to private or parochial schools of their choice. We believe that, with the proper education, the children of America can do anything. And it shouldn't take a devastating storm to bring this kind of innovation to education in our country.

To strengthen our economy, we must promote confidence in America by ensuring ours is the most ethical and transparent system in the world. In my home state, there used to be saying: At any given time, half of Louisiana was said to be half under water, and the other half is under indictment. No one says that anymore. Last year, we passed some of the strongest ethics laws in the nation and today, Louisiana has turned her back on the corruption of the past. We need to bring transparency to Washington, D.C., so we can rid our Capitol of corruption and ensure we never see the passage of another trillion dollar spending bill that Congress has not even read and the American people haven't even seen.

As we take these steps, we must remember for all our troubles at home, dangerous enemies still seek our destruction. Now is no time to dismantle the defenses that have protected this country for hundreds of years, or make deep cuts in funding for our troops. America's fighting men and women can do anything. If we give them the resources they need, they will stay on the offensive, defeat our enemies, and protect us from harm.

In all these areas, Republicans want to work with President Obama. We appreciate his message of hope, but sometimes it seems we look for hope in different places. Democratic leaders in Washington -- they place their hope in the federal government. We place our hope in you, the American people. In the end, it comes down to an honest and fundamental disagreement about the proper role of government. We oppose the National Democratic view that says the way to strengthen our country is to increase dependence on government. We believe the way to strengthen our country is to restrain spending in Washington, to empower individuals and small businesses to grow our economy and to create jobs.

In recent years, these distinctions in philosophy became less clear -- our party got away from its principles. You elected Republicans to champion limited government, fiscal discipline and personal responsibility. Instead, Republicans went along with earmarks and big government spending in Washington. Republicans lost your trust -- and rightly so.

Tonight, on behalf of our leaders in Congress and my fellow Republican governors, I say this: Our party is determined to regain your trust. We will do so by standing up for the principles that we share, the principles you elected us to fight for, the principles that built this into the greatest, most prosperous country on earth.
You know, a few weeks ago, the president warned that our nation is facing a crisis that he said "we may not be able to reverse." Our troubles are real, to be sure. But don't let anyone tell you that we cannot recover. Don't let anyone tell you that America's best days are behind her. This is the nation that cast off the scourge of slavery, overcame the Great Depression, prevailed in two World Wars, won the struggle for civil rights, defeated the Soviet menace, and responded with determined courage to the attacks of September 11, 2001. The American spirit has triumphed over almost every form of adversity known to man, and the American spirit will triumph again.

We can have confidence in our future, because, amid all of today's challenges, we also count many blessings: We have the most innovative citizens, the most abundant resources, the most resilient economy, the most powerful military, and the freest political system in the history of the world. My fellow citizens, never forget: We are Americans. And like my dad said years ago, Americans can do anything.
Thank you for listening. God bless you. God bless Louisiana. And God bless America.

Saturday, February 21, 2009

Dublin: At least 100,000 protest at Government handling of economy (21/2/09)


Video requires RealPlayer-Download here


Up to 120,people gathered in Dublin today to protest over the impact of the economic recession on workers. The General Secretary of the Irish Congress of Trade Unions, David Begg, called on the Government to negotiate with the trade union movement on its alternative ten-point plan for economic recovery. Mr Begg said that a corrupt business elite had done huge damage to Ireland and described its actions as economic treason.

Thursday, January 29, 2009

Enda Kenny urges Euro leaders to explore EU 'Bad Bank' option and boost business lending

'Nothing less than the credibility of our shared currency and survival of Economic and Monetary Union is at stake'
Speaking at the meeting of the Bureau of the European People's Party in Brussels, Fine Gael Leader Enda Kenny TD said 2009 will be a defining year for the EU. Proposals being put forward by Deputy Kenny include the creation of an EU 'bad bank' and increased European Investment Bank lending to businesses.

"In the face of the greatest economic crisis faced by the Union since its establishment over five decades ago, will we stand together? Or will each Member State prioritise its own short-term national interests, and try to remedy its own economic problems in a way that worsens the problems of others, and thereby expose smaller and weaker Members to the whims of financial speculators?

"It is true that some individual Member States, such as Ireland, have mismanaged their domestic economic affairs by encouraging unsustainable debt-fuelled booms. Clearly, Ireland and other countries need to put their own houses in order. But now is not the time for mutual recrimination among Member States. Nothing less than the credibility of our shared currency and survival of Economic and Monetary Union is at stake. It is in all of our interests to make sure that no country has to leave the eurozone.

"This is why I am working with my fellow leaders in the European People's Party to articulate a clear statement of solidarity among EU members, and to set out ideas that should be considered by the EU Heads of Government when they meet in March for an orderly working out of the vulnerabilities and imbalances that threaten the EU's economic achievements over the last generation.

"Options I would like the EU Heads of Government to explore are:
- The establishment of an EU Bank Resolution Corporation, or 'bad bank', to help accelerate the restoration to health of European banks, without which economic recovery will not happen. In the United States in the 1980s after the Savings & Loan scandal, a similar approach was adopted.- A significant expansion of the level of resources available to the European Investment Bank to support lending to European businesses, and in particular to small and medium-sized enterprises;- Removing restrictions on the European Central Bank to pursue the types of anti-deflationary policies now being pursued by the Bank of England and the US Federal Reserve;- Commitments to avoid 'beggar-thy-neighbour' exchange rate adjustments that export unemployment and deflation from one EU country to another."(Fine Gael)

Friday, July 11, 2008

Fleeced by Dick Morris and Eileen McGann is a blockbuster

The book Fleeced by Dick Morris and Eileen McGann consists of eighteen chapters and describes in great detail the hundreds of ways American taxpayers are fleeced.

Dick Morris was Bill Clinton’s political consultant and is a commentator for Fox News. He is a Republican. Eileen McGann is an attorney and consultant. They argue that the Congress and White House appear to be AWOL and that big business, big government, big labour, and big lobbyists are calling the shots instead. No one is spared.

Just picking chapters at random. Chapter1 titled President Obama outlines the frightening implications of some of his tax proposals. Chapter 5 is Foreign Companies and American Pension Funds that Help Iran build the Bomb. Chapter 7 is the Dubai-ing of America. Chapter 8 is the Plastic Fleece (Credit Card Company Abuse). Chapter 11 is titled How Hedge Fund Billionaires Live Off Tax Breaks.

The level of research undertaken by the authors is enormous. Consequently conclusions drawn are based on fact and not supposition. The authors prove conclusively that taxpayers are being ripped off. They also outline practical approaches to turn the tide against the rip off culture.
This book is a must read for all American taxpayers and will undoubtedly become a reference book for researchers. It is already a best seller. It will stand the test of time.