The $700 billion Wall Street bailout last year proved exceedingly unpopular with regular Americans. Nevertheless, House Democrats, with their tin ears to the ground, are looking to make bailouts the status quo by creating a permanent bailout fund.

The financial regulation bill cooked up by Rep. Barney Frank (D-Mass.), the “Barney Bill,” offers a smorgasbord of bad policies that will affect every American. The Barney is yet another leg of the Giant Government Takeover of major industries pushed through the House this year. If your appetite for bigger government wasn’t satiated by the Car Takeover (GM and Chrysler), the Energy Takeover (cap and trade) or the Health Care Takeover, Barney has something designed just for you: The Financial System Takeover.

There are many reasons to oppose the financial regulatory overhaul bill on the floor this week, but the major reasons are that it will further tighten credit, allow bureaucrats to chop up U.S. businesses they deem “too big,” cost consumers more and kill jobs.

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We like to say that we have the safest, most abundant, most affordable food and fiber supply in the world.  But this isn’t just a boastful expression, it is a reality.  Our farmers and ranchers are responsible for feeding folks living in our country and throughout the world.

But, cap and tax legislation threatens that safe, abundant and affordable food and fiber supply.  The agriculture industry, as we know it, will not survive under the heavy burdens of a cap and tax policy.

This week the Agriculture Subcommittee on Conservation, Credit, Energy, and Research held two important hearings to learn more about the economic impact of climate change legislation.  Despite the fact that the U.S. House of Representatives narrowly passed the Waxman-Markey climate change bill last June – a bill that I voted against—this is only the second time Members of the Agriculture Committee have had the opportunity to explore specifically the economic impact of climate change legislation on the agriculture sector.

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It’s not even what’s IN this 2,000 page monstrosity of a healthcare bill that is at issue anymore, it’s what enacting it represents. Remember, it was only a couple hundred years ago that a King’s tyranny and despotism gave birth to a Nation of men and women more willing to die for liberty than live for the whims and fancies of an elite class hell bent on expanding their wealth and power on the backs of those having to live hand to mouth just to survive.

Rasmussen reports today that a meager 38% of us “favor the health care plan proposed by President Obama and congressional Democrats.” In fact, the article goes on to suggest that 56% actually oppose it. The aristocrats on the Hill, meanwhile, continue to push forward with the most un-American, un-Patriotic legislation presented to the American people…their BOSSES…since the New deal. ANY socialized Government-run system runs counter to everything our Founding Fathers fought and died for, and voting for it runs counter to everything being an “American” is supposed to represent.

We’ve given the ruling class Tea Parties, and they call us Nazis. We’ve had protests and rallies and we’ve crashed their phone systems trying to tell them no, and they’ve thrown the race card in our face. They’ve tried to define “we, the People” along party lines by suggesting the GOP is just the party of “no”, while the Democrats are the party “fulfilling an agenda of progress and change”. [For the record, I'll take "party of no" over "party of death" any day.]

The health care debate is not about health care, it’s not about what race you are, and it’s certainly not about which party you’re affiliated with. The health care debate is about who really runs this country. Is it the American taxpayer, or is it the power-monger on Capitol Hill?

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From the diaries, by Erick

The act of terrorism at Fort Hood reminds us all that regardless of what the Obama/Pelosi Team or the elite media call it we are at war with Islamic fascism. Americans must rise up and remind our elected officials, Republican and Democrat, that we will not sit idly by while they bow at the altar of political correctness. Americans must, because President Obama and Nancy Pelosi will not, demand that outrages such as the massacre at Fort Hood be labeled for what they are and treated for what they are—acts of terrorism in the war that radical Islam is waging on the United States.

The emerging facts of the Fort Hood case indicate that Major Hasan is a jihadist bent on killing Americans, particularly American service personnel, in the name of his religion. Reports have indicated that Hasan told colleagues at Walter Reed Hospital that non-Muslims are infidels condemned to hell who should be set on fire. We know Hesan communicated many times with radical cleric Anwar al-Awlaki who is tied to Al-Qaeda, and repeatedly exclaimed “Allahu Akbar” as he carried out his brutal attacks.

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Far too soon for DOOMWATCH, but one year in you don’t want to see this kind of reaction if you’re a Democrat:

Short version: both Democratic and Republican voters are happier with Congress these days, and Independents are not. The uptick for the first two is easy enough to explain: both side’s partisans are happy that their respective sides are slugging it out. The question is, which side are the folks in the middle supporting?

Well…

The new 2009 low in approval from independents comes at a time when a majority of registered independents say they would likely vote Republican rather than Democratic, 52% to 30%, if elections for Congress were held today. With Republicans and Democrats exhibiting the same degree of loyalty to their parties’ candidates, independents’ preference for Republicans gives that party a 48% to 44% edge over Democrats among registered voters overall.

…it’s not really a question, is it? Although I imagine that a lot of people are going to be doing their best to suggest that it is.

Moe Lane

Crossposted to Moe Lane.

The debate over health care has reached a fevered pitch in our nation’s capital.  Over the last several months, millions of Americans have spoken out at town halls, have called and written in to the White House, and have even made personal visits to their members of Congress to express their strong opposition to government run health care.  Yet Speaker Pelosi has once again ignored their voices.

Speaker Pelosi’s health care bill H.R. 3962 was drafted without committee hearings or markups behind closed doors by Speaker Pelosi and a very limited number of her inner-circle.  Weighing in at more than 2,000 pages, Pelosi’s bill will cost the American taxpayers $1.2 trillion over the next ten years.

Real reform of our health care system is needed.  We must help those who want health insurance but cannot afford it.  We must expand access to health care in rural America.  We must fix our medical malpractice laws so that doctors can focus on saving patients rather than paying lawyers.  And we must expand our investments in preventative care.  However, that doesn’t mean we should throw out the car because it has a soft tire.  This country still has the best doctors, the best treatments, the best researches, and the best hospitals in the world.  Improvements need to be made, but not at the cost of potentially destroying our current health care system, saddling our children and grandchildren with trillions of dollars of debt, decreasing our standard of care, and burdening American families and small businesses with $729.5 billion in new taxes.

I will continue to oppose Speaker Pelosi’s government run health care legislation and any legislation that comes before Congress that includes a public option.

Congressman Frank Lucas represents Oklahoma’s Third Congressional District.  For more information, visit his website at www.house.gov/lucas.

One trillion, four hundred twenty billion dollars.  It’s an astounding number.  It’s more than the entire economy of India and enough to give every man, woman, and child in the United States $4700.

It is also our country’s federal budget deficit for 2009.  That means that in the fiscal year 2009, which runs from October 1, 2008 through September 30, 2009, the federal government spent $1.42 trillion more than it took in.  To put this in perspective, last year’s deficit was $459 billion – still an astounding number, but less than half the deficit for this year.

When our nation runs with a deficit like this year, we increase our national debt – or the total debt we owe over the life of our country.  Our current national debt is $9.1 trillion, and climbing every day.  The non-partisan Congressional Budget Office has projected that, under President Obama’s spending plans, our national debt will rise to $17.1 trillion by the year 2019, meaning an increase of $8 trillion over the next ten years.  Most of this debt is held by foreign countries.  China, not known for their great relations with our country, holds the most – more than $800 billion.

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From the diaries by Erick

Yesterday, Americans United for Life’s legislative action arm, AUL Action gave America a much-needed reality check with a groundbreaking new online ad that dispels the deceptive rhetoric in Washington and gives clear evidence how your taxpayer dollars will go to funding abortions in health care reform.

Our new online video ad, “Don’t Be Fooled: Abortion is in Health Care Reform,” is a part of our “Real Health Care Respects Life” initiative to mobilize pro-life opposition nationwide to abortion in health care reform.

This ad cuts through the deceptive rhetoric of pro-abortion politicians and shows how American taxpayers will be forced to pay for abortions against their conscience. The ad highlights current health care reform proposals which would allow abortion in health care reform.

You can learn more about how your tax dollars could go to abortions in health care reform in my op-ed in The Wall Street Journal entitled “Tax Dollars Shouldn’t Fund Abortion” or you can go to www.RealHealthCareRespectsLife.com.

From the diaries by Erick.

My full article is here at The Heritage Foundation’s blog.

A major new report confirms the worst fears of many: Health care reform will raise the costs for most Americans—by about 18% on average. That is on top of existing and expected inflation of health coverage.

This exposes President Obama’s fictitious claim that people will save money under his proposal.  Only those who receive new government subsidies and benefits will “save.”  The rest of us will pay–big-time.

Once the plan is fully phased-in (by 2019), a typical family of four would pay an extra $4,000 each year.

When combined with inflation, costs would rise from today’s $12,300 annual average to $25,900. Of that 111% increase, $9,600 is due to existing factors uncorrected by the legislation, and $4,000 due to additional costs created by the legislation.

For single persons, the differential is projected at $1,500 a year. Premiums would rise from today’s $4,600 a year to $9,600 overall.

Prepared by Price Waterhouse Coopers (PWC), the study was requested by AHIP—America’s Health Insurance Plans. It focuses on the leading plan pending in Congress, sponsored by Sen. Max Baucus (D, MT), which is scheduled for a Senate Finance Committee vote on Tuesday.

The PWC projections track what The Heritage Foundation and many others have said about the legislation: It does not save money. It simply taxes those who have health coverage and uses their money to give care to others.

The White House is said to be furious. After all, President Obama’s claims that he makes care more affordable are exposed as a myth by the new study.

Details and links are here.

While the cognoscenti of the Western financial world is attempting to spin the recent fall in the dollar as a stylish financial mystery play with a journalist based in the Middle East as its star, the Whodunit spin is a red herring: the facts are that the dollar is weak, and getting weaker.

The world is awash in dollars. There is a massive oversupply. We are electronically creating (printing in another era) hundreds of billions of dollars to buy our own T-Bills. Our deficit and spending has soared.

Kudlow, in his column, “Save the Greenback, Mr. President” explains that solution is to remove the excess dollars from the market and to stop “printing so much debt:”

for therapy, the Fed should begin moving excess cash from the economy….And they need to stop printing so much debt from Congress. All this massive spending and borrowing is killing us.

Instead, the Democrats in Congress and the White House are planning more spending: a second spending bill is on the table — ironically tagged as the second stimulus bill, which ought to stimulate the dollar tanking — and of course, President Obama’s $1 trillion health care spending boondoggle.

When town hall meetings are interrupted with shouts of “stop printing money” the jig is up. Note to the White House: in the age of the internet, you cannot hide printing $600 Billion a year from the world.

Until the Federal Reserve stops printing money to buy our own T-Bills, and the Democrats in Congress stop spending on new programs and we lower our deficit the dollar will continue to drop. End of story, no other outcome is possible.

Simply put, the Dems are killing the dollar.

A direct result of Barack Obama being elected President and the Democrats take over of Congress is that the U.S. the deficit has grown to a record $1.4 Trillion. From AP:

The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday.

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Reasons like this are why Mark Tapscott is worth always reading.

Being nonpartisan, the Tea Party movement must identify and encourage like-minded candidates in both major parties. That means a Tea Party Movement Seal of Approval, or a Tea Party Pledge, to point voters of all stripes to the new blood needed to replace the current calcified cast of establishment insiders running Congress.

Most Americans are fed up with business-as-usual in Washington and they want real change, not more of the Democrats’ power-grabbing slogans, or the “Me-Too” timidity of Republicans who talk the reform talk, but love the perks of power too much to actually walk it.

Yes, getting a loosely organized grass-roots movement like the Tea Party Coalition to agree on a set of fundamental principles is tough, and I don’t claim to know how to do it.

I’ve said it before and I’ll say it again. Tea parties do little good if all the people do is protest. They must at some point put down the protest signs and pick up campaign signs. A “buycott” of Whole Foods may make you feel involved, but you aren’t really involved until you’re making politicians permanently scared of you.

The best way to do that is sign up for your local political party, encourage and support like minded candidates, and throw the kleptocrats out of office.

Reading this post by Mickey Kaus made me realize something.

The idea of postponing health care reform–until, say, the economy improves– doesn’t seem appealing to many Democrats now. But it might soon. The problem, as Michael Goodwin’s recent column points out, is that the issues waiting in the wings–should health care leave the stage–are even worse, from the Democrats’ political perspective. Cap and trade, immigration legalization, “card check”–these are not what you’d call confidence building appetizers leading up to the main course of Obama’s presidency. Plus the Afghan War! At least a clear majority of the public wants something done about health care….

It’s easy to forget that, even if Obama’s health care effort is bogging down, the effort itself still serves his presidency as a crucial time-waster, tying up Congress and giving him a reason to postpone (or the public a reason to ignore) those other divisive, presidency-killers.

It was not until after 1994 that Bill Clinton really stretched his legs. As much as Clinton had “gays in the military” and “Hillarycare” in the months before the Republican take over of Congress, he’s really known for what? Well, if we’re serious about his legacy — Kosovo, Welfare Reform, Standing Up to Newt, and Impeachment.

Clinton shines as a model of what a Democratic Presidency can be when fighting against Republicans at home and in multinational coalitions abroad. Impeachment has a mixed meaning for him, but among Democrats and Independents, they typically see it as out of control Republicans and a philandering President with the President coming out looking better than the GOP.

Republicans controlling Congress gave Bill Clinton a political opposition from which he could set himself a part. Clinton could be contrasted with the GOP. He could not, pre-1994, viably do that because his party controlled the White House and Congress.

What is Barack Obama’s worst nightmare?

Democrats keeping Congress in 2010.

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The recent announcement by the White House that they are dropping/will accept no public option in their health reform bill has cause the already comatose Intrade market prediction of passage of a federal government run health insurance plan (public option) to completely tank, going from 35% chance of passage to a 14% chance of passage.

This is the single best predictor of the future known to exist — people making bets with real money about the outcome of the future.

Check out the straight down line on this graph.

The exact question Intrade is asking is:

Will a federal government run health insurance plan (a public option) be approved in the US?
A federal government run health insurance plan to be approved before midnight ET 31 Dec 2009

There is a new pro-Obamacare ad out by a group called “Americans for Stable Quality Care.” You can see the ad here.

The ad asks “what does health insurance reform mean for you?” One of the points is “a focus on preventing illness before it strikes.”

There’s a problem with that.

According to the Congressional Budget Office, preventative care will drive up the costs of Obamacare.

Doug Elmendorf, the CBO Director, responding to Congressman Nathan Deal, wrote that

Although different types of preventive care have different effects on spending, the evidence suggests that for most preventive services, expanded utilization leads to higher, not lower, medical spending overall.

Elmendorf went on to write

Researchers who have examined the effects of preventive care generally find that the added costs of widespread use of preventive services tend to exceed the savings from averted illness. An article published last year in the New England Journal of Medicine provides a good summary of the available evidence on how preventive care affects costs.3 After reviewing hundreds of previous studies of preventive care, the authors report that slightly fewer than 20 percent of the services that were examined save money, while the rest add to costs.

Now, lest anyone think either Elmendorf or I am knocking preventative care, we are not. Elmendorf notes that, “just because a preventive service adds to total spending does not mean that it is a bad investment. Experts have concluded that a large fraction of preventive care adds to spending but should be deemed ‘cost-effective.’ He’s right.

There’s just one problem that Elmendorf alludes to. The CBO cannot really score the run up in costs of preventative care under H.R. 3200, the Democrats’ healthcare legislation.

Assuming Obamacare is successful at increasing preventative care, the program will escalate costs. Then, also as Elmendorf alludes to, the government is going to have to decide who gets preventative care and who does not, if they want to contain costs.

In other words, we will get escalated unknown costs or we will get rationing, but most likely we will get both.

We’re going to lock this calendar at the top of the site. I’m compiling all the townhalls into it.

Until it is locked up top, you can view it in this post. I’ll be adding a heck of a lot more data tomorrow.

This afternoon I took a trip to downtown Circleville, Ohio to catch a stop on Rob Portman’s just launched RV Tour.  Rob spoke to grassroots leaders from the area and stressed the importance of this race; and Ohio in general in 2010.

He stressed how important it was to avoid giving President Obama and Democrats in Congress another rubber stamp for their liberal agenda.  He noted that on a host of issues (health care, energy, taxes, the deficit, etc.) the Democrats are pushing liberal policies out of line with the common sense conservatism and values of Ohio.

He noted that the stimulus was rushed through and yet is having little to no positive impact on Ohio despite the Democrats grandiose promises.  He noted that on issues like Cap and Trade and Health Care the Democrat proposals are simply going to raise taxes and kill job growth in Ohio.

I was lucky enough to have a chance to talk with Rob briefly on the RV.  In the video clip below he stressed these same issues and highlighted why this race is so important.

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Head’s up: there is a rumor circulating in the House of Representatives that enough Blue Dogs have caved on health care for Nancy Pelosi to get the bill to the floor this week. The memo to Republicans assuring them there’d be no vote could have been a ruse to turn down constituent heat enough.

Democrats are growing fearful that August recess will turn the Blue Dogs cold and want something out by Friday.

It appears they may have the votes to do that.

CALL YOUR CONGRESSMAN RIGHT NOW.

Go here and get the number. Call now.

This is your must read article on healthcare. According to Fortune magazine, there are five freedoms that you have now that the Democrats in Congress intend to take away from you. These are in the actual legislation.

1. Freedom to choose what’s in your plan
2. Freedom to be rewarded for healthy living, or pay your real costs
3. Freedom to choose high-deductible coverage
4. Freedom to keep your existing plan
5. Freedom to choose your doctors

Call your Congressman. Tell him to vote no on H.R. 3200, the Democrats’ healthcare legislation.

Nancy Pelosi intends to push H.R. 3200, the Democrats’ plan to socialize American healthcare, to the floor this week for votes.

We must bring every ounce of possible pressure to bear on members of Congress this week.

I’ve made it easy. Go here to get your Congressman’s district office phone number.

Call and demand that your congressman vote no on H.R. 3200, the Democrats’ healthcare legislation.

We can stop this through concerted, constant action and pressure.

Call now. Remember congressional offices are only open during normal business hours. If you don’t get someone on the phone today, call tomorrow.