National Security - The Pentagon has been raising concerns about a new wireless project by a satellite broadband company in Virginia called LightSquared, whose majority owner is an investment fund run by Democratic donor Philip Falcone. Gen. Shelton was originally scheduled to testify Aug. 3 to a House committee that the project would interfere with the military’s sensitive Global Positioning Satellite capabilities, which control automated driving directions and missile targeting, among other things. Sheldon’s testimony was delayed because the White House was urging Shelton to alter his testimony.
Border Security - U. S. Border Patrol agents seized six assault rifles, one rocket launcher, a grenade launcher, and three packages of what appeared to be C-4 explosives last week near the Rio Grande.
Green Companies – Several green companies, other than Solyndra, which received government stimulus money also went bankrupt including Evergreen Solar and SpectraWatt. Despite this, the Department of Energy (DOE) is handing out loans to clean energy companies at a rate of more than 1 per week. The DOE still has 9.3 billion in taxpayer funds in its treasure chest to loan out this fiscal year.
Immigration - President Obama told a Hispanic group in Washington last week that when it comes to the issue of immigration, "I'd like to work my way around Congress." "As I mentioned when I was at La Raza a few weeks back, I wish I had a magic wand and could make this all happen on my own," Obama told a meeting of the Congressional Hispanic Caucus. "There are times where -- until Nancy Pelosi is speaker again -- I'd like to work my way around Congress."
Ford – A new commercial by Ford criticizes its U.S. automaker competitors, GM and Chrysler, for accepting government bailouts.
Pentagon – Leon Panetta warns Congress that 400 billion dollars in cuts (over a decade) of Pentagon spending would increase the national unemployment rate by 1%.
Frivolous Lawsuit – Two young adults are suing their mother for being a “bad parent” and blaming her for all their problems. They are being represented by their vindictive father, who just so happens to be a lawyer. One complaint charges irreparable harm over having a different last name than their mom.
Tax Reform – Thirty-Six Senators, from both parties, want the Deficit Super Commission to propose tax reform, which will lower taxes for ALL Americans.
Polls – Obama has hit a new personal approval low, in a NY Times / CBS poll, which generally gives him higher ratings than other polls (50% disapprove / 43% approve). While many may not approve of Obama’s handling of the economy or his job in general, it should be even more alarming that his personal approval numbers are also underwater. Until recently, most Americans had a favorable view of President (it terms of personality).
Wall Street – Protestors were out in large numbers this past week displaying their anger over the “greed” of Wall Street companies. Meanwhile, these same protestors have absolutely no issue with Obama lying in bed with GE (paid no taxes), Whirlpool (paid no taxes), and green companies that are wasting billions of dollars in taxpayer money. Shouldn’t liberals take exception to all these corporations equally?
NY Times – Maureen Dowd’s column last week was entitled “The Right Wing is the Stupid Party”. I see the Left is once again displaying its tolerance and civility.
American Jobs Act – Obama revealed his plans to pay for the bill by raising taxes on individuals making more than 250 thousand dollars (the Buffet Rule) and by increasing taxes on oil and gas companies. This will certainly have a trickledown effect on our economy - these increased corporate taxes will be passed onto the middle class. And let’s not forget that Warren Buffet has sheltered his income from the IRS better than most billionaires.
My Book: Is America Dying? (Amazon.com, Barnes and Noble)