RWNJ Conservative Views from Cincinnati

I know a lot of my readers are interested in the teaparties that have been occurring across our great neation. The Orlando Sentinel reports that 4000 people attended their tea party at Lake Eola on Saturday afternoon. The movement is going strong, and may grow stronger with yet another $1 Trillion bailout in the works.

The next Cincinnati event is April 15 (details at cincinnatiteaparty.org).

Video courtesy of RThomasBlog.

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Posted under Economy

How did the AIG bonuses get approved? It was approved by the members of Congress that voted to approve the stimulus package. The rush to vote prior to reading and understanding the bill is the reason the AIG mess hit.

Hat tip to Richmond Tea Party.

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Posted under Economy

The CBO has reported that Obama’s budget would put the United States into a deficit of $1.8 Trillion this year.  Even more worrying is that under Obama’s policies the debt would grow to 82 percent of the entire US economy by 2019. This will certainly pose problems for Obama’s proposed $3.6 Trillion budget.

The massive spending needs to stop before we get swallowed up by a black hole of debt. This is not the time to be pushing things like governmental health care, not that there would ever be a good time to institute it anyhow.

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A reader yesterday was trying to suggest that Chris Dodd was innocent on the “Chris Dodd Amendment” that allowed the bonuses at AIG to go forward. After his initial denial, Chris Dodd has come out and admitted that he was the one that put the amendment in. Hopefully this video will set the record straight. Hat tip to Vulcan’s Hammer.

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Posted under Economy

First off, hat tip to BoBo for coming across data on donations from AIG.

A lot has been made of employee bonuses at AIG, and for good reason. The bonuses were part of a legally binding contract prior to money being given to AIG. Chris Dodd added an amendment that provided an “exception for contractually obligated bonuses agreed on before Feb. 11, 2009.” Oddly enough, the very bonuses everyone is up in arms about are part of that exception.

Since we are watchdogging money closely, as we should be, perhaps we should look at having politicians return political donations that were made from AIG to their campaign. AIG was not in a condition to be giving out political donations at that time, and giving those donations surely didn’t help their financial situation.

I do find it interesting who the top person is on their donation list. I will give the benefit of the doubt to Dodd though and put aside any thought of the amendment having anything to do with AIG being a loyal donor. Regardless, it would be a wonderful gesture if Dodd returned the $103,100 that was donated to his campaign. Obama could return his $101,332 and McCain could return the $59,499. Heck, if all the politicians returned last year’s donations, AIG could get nearly $600,000 back!  It isn’t much, but sometimes you have to take some baby steps in order to gain some momentum.

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Posted under Economy