10,000 St. Louis Tax Day Tea Party Protesters addressed by Gateway Pundit Jim Hoft

More than 800 tea party protests took place across the US yesterday. These give expression to the resentment of people at rising taxes and ballooning government expenditure. The Obama administration will quadruple the national deficit in one year. The Obama spending bill has 9,000 earmarks in it and will pump millions into funding of foreign abortions. Excessive borrowing is unsustainable. This powerful speech by Jim Hoft nicely encapsulates the problem faced by the US. It taps into the psyche of many that self-sufficiency rather than greater state involvement is the way forward. Indeed this speech could be delivered in many European countries, which face similar problems to the US.

Governments must learn to live within their means. Wasteful government expenditure must be eradicated. Voters in the US and Western Europe must learn to accept lower living standards. Unfortunately living standards are supported by massive borrowing splurges. The time has come to shout stop. Stimulus packages-funded by foreign borrowing- may give a temporary boost, but will quickly run out of steam if the economic fundamentals are not sound.

Their impact is similar to the effects of the quick fix on a drug addict.
Governments in the US and Western Europe must pursue sound fiscal and monetary policies over the short and long term. Quite frankly printing money is not the solution. Increasingly taxpayer revolts will become the norm if the massive government expenditure problem is not tackled. We must learn to live within our means. We cannot have the government services that we require unless the economy generates the financial resources to pay for these services. High levels of individual taxation stultify effort and are ultimately self -defeating.
Even the Russians and Chinese have learned this lesson.

Video:ACORN Breaks Into foreclosed Baltimore Home

Video:WFTV's Barbara West belittled By Brash Biden

In this interview Joe Biden comes across as condescending and bad mannered. The interviewer Barbara West asked topical questions aimed at eliciting information. She questioned Joe Biden about Acorn attempts to register phoney voters. She also referred to Obama's links to Acorn.

The next question concerned redistribution of wealth. After all Obama declared to Joe the Plumber that this was part of his political philosophy and policy platform. Biden did not like the interviewers reference to Marxism: “From each according to his ability, to each according to his need (or needs)” Now Joe Biden cant have it both ways . In his acceptance speech he played the class warfare card. Obama's redistribution of wealth policy is grounded in Socialism/Marxism. Why not call it what it really is? Obama plans an explosion in expenditure devoted to Welfare. This is redistribution of wealth. Much of this money will come from higher taxes on the middle class and on businesses.

How is Obama going to finance tax cuts? His promises amount to 1,000 billion dollars. The bailout costs another 700 billion dollars. He is opposed to a public expenditure freeze. Obama and Biden must come clean on funding for tax cuts?

When asked about foreign policy he used the snide put down “I don’t know who is writing your questions for you.”
In the course of this campaign Obama and Biden have received very favourable treatment from most media organs. Now the Obama campaign is denying this station interviews because Joe Biden was asked substantive questions. This says it all.
Just imagine if Sarah Palin had addressed the interviewer in a similar manner to Joe Biden. There would be an outcry in the liberal media.

NY - Third Presidential Debate-McCain goes on the attack (Obama Company Taxation plans will send millions of jobs to Europe and Asia)

This debate featured sharper exchanges than the previous two. McCain was the more forceful of the two candidates and delved forensically into policy matters. Obama attempted to parry McCain attacks. This is a calculated strategy to avoid a detailed analysis of Obama policies many of which do not stand up to scrutiny especially in the current financial crisis. His promises of a middle class tax cut are hot air-incapable of being implemented in the current financial circumstances, without a spending freeze-which Obama opposes.

The debate opened with a discussion on taxation. John McCain stressed the need to reduce taxes and the necessity not to increase taxes on the likes of Joe Plumber. McCain opposed Obamas plans to increase company taxation on the basis of a jobs outflow to lower taxation destinations in Europe and Asia. Obama spoke about middle class tax cuts. McCain emphasized the necessity to reduce taxes on business to increase employment opportunities.

The next topic was the deficit. Both candidates spoke about the necessity of reducing the deficit. McCain was far more specific. He emphasized a spending freeze and detailed methods for balancing the budget. Obama was particularly weak on this topic. Obama opposed a spending freeze. Hence his proposals for a middle income tax cut go up in smoke. McCain emphasized that Obama has proposals for 860 billion dollars in extra spending.

Obama attempted to tie McCain to President Bush. John McCain said:”I am not President Bush.” John McCain said that Barack Obama had voted for two budgets, which increased taxes on those earning over 42,000 dollars. Obama denied this –not too convincingly.

The third segment featured negative campaigning. Both candidates criticized each others campaign strategies. Obama criticized comments at Sarah Palins rallies. McCain strongly defended her. He outlined how he had condemned any unfair comments in contrast to Obama who had singularly failed to do so. McCain referred to disgraceful happenings at Democratic rallies, which had largely gone unreported. He referred to outrageous comments by Democrat Congressman John Lewis who attempted to tie him to George Wallace. William Ayres and Acorn figured strongly. This may have damaged Obama. Obama failed to convince here.


The next topic was advisors and running mates.McCain listed Palin’s achievements in Alaska on energy, rooting out of corruption and balancing the budget. Obama defended Joe Biden. John McCain referred to Biden’s vote against the First Gulf War and a proposal to divide Iraq in three segments-both serious blunders.

Energy was the next topic featured. McCain was stronger on energy hammering Obama on nuclear and off shore drilling. Obama is opposed to more nuclear and off shore drilling.

Trade featured next with sharp exchanges on free trade. McCain caught Obama on trade with Colombia. McCain warned that to restrict free trade and to raise taxes is to trigger a depression. He is correct. NAFTA also figured here.

Health Plans figured next. Both candidates rehearsed the same arguments as in the previous two debates. On this occasion McCain explained clearly that 95% of Americans would be better off under his plan. He had failed to explain this fully previously.

Roe V Wade came up for discussion. McCain damaged Obama on the issue of partial birth abortion. Obama waffled on this issue. Obama supports tax payer funded abortions.

Education featured sharp exchanges. Obama appears content to throw money at the problem. McCain was stronger on reform of the system.

Obama's approach is governed by a desire to Spend, Spend, Spend. Greater state involvement, greater state involvement. The corollary of this is higher taxation and stagnation. Obama's coolness and smooth talking is no substitute for substance. Obama's policy of higher taxation on businesses is a godsend to workers in Europe and Asia. More American plants will move to these destinations to avoid higher taxation. His company taxation policy is economic lunacy. American workers vote for Obama if you wish to send your jobs to Europe and Asia. No wonder most Europeans are rooting for Obama.

Video: Obama Own Goal-“ACORN and Friends will shape my agenda”

Starting around 1:45, watch what Obama tells the 'activists.' This is highly embarassing for Obama in the run in to the Presidential Election.