The Bain Report: Articles that Affect You and Your Family for April 12, 2010

A Sobering View Of Macro Economic Reality
In 2001, we had a recession, right? We recovered, right? Are you sure? Remember when I said “we will have a Depression” – that given what the government did in 2001-03 timeframe it was inevitable? We’re in one now! Clink the link below to see the facts.
 
Richardville votes to Transfer Road Tax money to other purposes
Passed on October 20, 2009, to reduce the amount of infrastructure project spending from the transportation economic development fund by $12 million in the Fiscal Year that ends Sept. 30, 2009, and another $12 million in the next fiscal year. House Bill 5073 diverts this money to other state spending. To the public Senator Richardville claims the problem with our roads is the formula of  Public Act 51 and how the money is allocated. With 25% going toward administrative fees and other subsidies such as public transportation; buses, etc., now he votes in favor of playing the old shell game by transferring yet more road money to other state spending. Political double speak applies to this Senator from Monroe! 
 
Surveys Show Tea Party Goes Beyond the Fringe
(April 5) — Tea party supporters are pointing to a couple of new surveys as proof that the movement speaks for mainstream America. “This just goes to show that the tea party movement really is a grass roots movement and opposition to it is manufactured by the Democrats and their comrades in the media.”
 
New Fuel Economy Standards Arrive Just as Oil Prices Spike 
The cost of filling up at the pump has been edging up in recent weeks and is likely to get even more expensive. On Monday, crude oil futures rose to the highest levels in 18 months to about $86.60 a barrel, as investors reacted to more positive economic news. And with the summer driving season right around the corner, there’s little reason to expect gasoline and diesel prices will ebb anytime soon. With new regulations, which take effect beginning with 2012 model year vehicles, will require that manufacturers achieve the equivalent of 35.5 miles a gallon  and the new rules will result in higher vehicle prices in dealers’ showrooms and at the pump as well.
 
Senator Richardville Teases Senator Gretchen Whitmer (D) East Lansing
Ever since Maxim rated State Senator Gretchen Whitmer (D-East Lansing) Number 8 on its World’s Hottest Politicians list this month, she’s been getting a lot more attention on the Senate floor. It seems her colleagues, especially a certain Sen. Randy Richardville (R-Monroe), can’t resist teasing her. Click link below to read article scroll down!
 
Health Care Reform: Small Business Winners and Losers
LOSERS: Small businesses such as those in the tanning business will need to impose a tax of 10% for indoor tanning services starting immediately. This 10% increase in cost could result in fewer customers. This will happen across the board for the most part and be passed on to us the consumers! It’s a Tax hike no matter how you spin it!
 
Senator Richardville voted not to revise the “teacher tenure law” to fire bad teachers
Richardville voted not to revise the “teacher tenure law” to allow a teacher to be fired or demoted for consistent ineffectiveness. Under current law it is very difficult or impossible to fire a teacher. Senator Richardville voted with the Democrats and was one of only four Republican Senators out of 22 Republican Senators in the Republican lead Senate who have taken money from the Teachers Union to oppose this Bill!
 
Greenspan: If CBO Numbers Wrong, Obamacare Disastrous
Former Federal Reserve chief Alan Greenspan warns the economic impact of the new healthcare reform law could be disastrous if the Congressional Budget Office’s (CBO) projections prove inaccurate.
 
Richardville votes to increase licensure fees on nurses
This is just another of the many tax burdens that Senator Richardville consistently advocates for the citizens of Michigan. Increasing the fees for those that are working and keeping people healthy will only drive up the cost to the taxpayers. The medical fields are so short of personnel and now he is trying to fix the budget on the backs of those that are working. Same with the Carpenter Licensure Bill he voted for to the benefit of Union interest! This Senator is all about raising taxes, fees, mandates, subsidies, and over regulation. 
 
Five things to know about the Tea Party movement
The Associated Press reviewed Tea Party operations in almost every state, interviewing dozens of local organizers as well as Democratic and Republican strategists to produce a portrait of the movement. Five key things learned in the states.
 
Kilpatrick works for you, but she touts herself on your dime
Congressman John Dingell did the same this year with a mailer paid for by the taxpayers! The 14-page glossy brochure mailed last week to constituents of U.S. Rep. Carolyn Cheeks Kilpatrick, a Detroit Democrat, reads more like campaign literature with three pages of testimonials, a letter touting her reign on the House Appropriations Committee and LOTS of pictures. But it’s an official document, prepared and mailed at taxpayer expense.
 
Michigan Supreme Court to weigh Cox’s removal from case
Are they all in the same rabbit hole? The Michigan Supreme Court announced this morning it will consider whether to overturn an appellate court decision to remove Attorney General Mike Cox as prosecutor in a case against a former Wayne County judge accused of allowing perjured testimony in a drug prosecution. The court said it will hear arguments on whether Cox should be disqualified because he earlier defended former Judge Mary Waterstone in a federal civil case arising out of the same circumstances.
 
Michigan motorists hit with $18 insurance hike
Starting July 1, 2010 Michigan motorists will pay $143.09 for each vehicle they insure. Auto insurance rider to rise nearly $20 for each vehicle they insure to the Michigan Catastrophic Claim Association (MCCA). The assessment is the largest since the MCCA was created in 1978.
 
Too Green, Too Soon? Renewable Power May Destabilize Electrical Grid
Boy, that was fast. Only five years into the world’s renewable energy push, many utility companies are so concerned about grid instability that they’re saying they can’t accept any more electricity from intermittent sources of power. Translation: Solar power only runs in the day time and can’t re relied on for so called “baseload” capacity. Wind power primarily produces current at night and, likewise, can’t be relied upon for baseload capacity. Geothermal, meanwhile, is perfect for providing baseload. But geothermal projects take an excruciatingly long time to build out. And then there have been the recent spate of earthquake scares around geothermal sites.
 
Retail Stores Closing Doors First Quarter Roundup 2010
Announcements continue to roll in from retailers that have decided to close stores, slow expansion plans or cease operations altogether. Click link below to see the list of store closings.
 
Small Businesses React to the Health Care Reform Bill
In 2014, organizations that have 50 or more employees and do not provide affordable health coverage to employees could face penalties of up to $2,000 per full-time employee.
 
Federal Court Strikes Down the FCC’s ‘Net Neutrality’ Authority 
In a dramatic ruling that’s sending shock waves from Washington, D.C., to Silicon Valley, a federal appeals court ruled Tuesday that the Federal Communications Commission lacks the legal authority to enforce its “network neutrality” principles.
 
Russian arms sales to Venezuela may reach $5 billion
Prime Minister Vladimir Putin said that an arms sale agreement made to Venezuela may reach $5 billion while commenting on his visit last week to Caracas. The deals include a $2.2 billion seven-year loan that Moscow extended to Venezuelan President Hugo Chavez last year.
 
Life of the Party, Tea Party attitude shared by most Americans
You see, most voters agree with the tenets and activism of the Tea Party movement. They think ObamaCare will be disastrous and want it repealed and replaced with a real reform plan. They think taxes are too high, not too low. They think the federal government’s massive operating deficits and its nearly $100 trillion in unfunded entitlement liabilities are not an economic stimulus, as liberals apparently believe, but represent a clear and present danger to American prosperity and to representative government itself.
 
Associated Press: Tea Parties are “A Lot of Noise” and “No Muscle”
The Tea Party movement won’t have an impact on congressional elections in November, is “a lot of noise, no muscle” with popularity that “thins out” outside the rallies, according to an Associated Press analysis of the movement. “I don’t think they (media) understand what we are doing,” said Wendy Day, founder of Common Sense in Government. “They don’t get it. I bet the media and the political elite feel much like England did in 1776. That something was brewing and they didn’t understand it so they discounted it and ignored it.”
 
“In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress.” — John Adams
 
 

 

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  1. Pingback: Week in review « Craig W. Wright

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