Regular readers of the Shark Tank know that we have been and continue to remain completely opposed to every last bullet point of the Obama agenda. In light of the damage that Obama and his rubberstamp Congress have already perpetrated against our country, we are especially opposed to the enactment of any further legislation in what remains of the 111th Congress.
By now, Republicans in Congress should be under no illusions as to the serious threat Obama poses– this administration’s uncheceked spending, powergrabs, bailouts, apppointments, corruption, and disregard for the rule of law have literally placed our national security, sovereignty, prosperity, and our rights in serious jeopardy, and Republicans should be using all available means at their disposal to thwart any further legislative victories by this administration.
But in spite of all this, Senator George LeMieux still appears to be ignorant of the corrupt nature of this administration. As Senator LeMieux rightly criticized the Obama administration’s inept, incompetent, and what many people believe was his intentionally negligent reponse to the BP Oil rig explosion, you might think that Sen. LeMieux would have far more reservations about supporting any further legislative proposals emanating from this White House, since it seems disinterested in doing everything that it should properly be doing, and much more concerned about cramming through its highly partisan agenda in the limited window of opportunity that it has- roughly 5 months.
Last Thursday, Senator LeMieux broke a Republican fillibuster as the Senate voted 60-37 to end debate on an amendment that, as it was slickly packaged by most media outlets, “would create a $30 billion fund for community banks to lend to small businesses.”
Senator Richard Shelby, ranking Republican on the Banking Committee, got it right. “I believe this is the same old song and dance, expand the reach of the heavy hand of government,” he said. “Like TARP, this program does not lend money directly to small businesses; it would have the government take ownership interest in hundreds of banks. This is TARP-2.”
That’s what makes Senator LeMieux’s vote to break this filibuster completely inexcusable. This IS yet another bailout bill, this IS more crony capitalism, regardless of how Senator LeMieux spins it. The same reasons why the first TARP was wrong are the same reasons why this bill is wrong. The size of the giant banks who were the recipients of the first TARP funds as compared to these community banks is a moot point. The fact that these community banks weren’t responsible for the last financial crisis or weren’t selling mortgage-backed securities are also moot points. What’s causing a lack of lending by these community banks is the weak business demand for credit, a terrible existing business climate, and a dismal economic outlook that forsees additional taxes, regulations, and the anticipated costs of Obamacare- enough worries to throttle any economic recovery.
Memo to Senator LeMieux- this administration is not interested in the well being of our nation’s small businesses. Whatever rhetoric it employs to express “concern” about our present unemployment situation or our lack of an economic recovery is completely betrayed by every one of the laws that it has already passed or its pending legislative proposals. This administration is solely interested in expanding the power of the federal government and enabling its toxic brew of special interests and constituency groups at the expense of everyone else. If you are unable to come to that realization, you should probably go home in 2012.
LeMieux: Appointed by Crist to keep the seat warm for him and endorses Daniel Webster for congress. What else do you need to know about Daniel Webster to be convinced he is part of the same ineffective establishment that led us to this point?
Senator Richard Shelby, ranking Republican on the Banking Committee, got it right. “I believe this is the same old song and dance, expand the reach of the heavy hand of government,” he said. “Like TARP, this program does not lend money directly to small businesses; it would have the government take ownership interest in hundreds of banks. This is TARP-2.”
LeMieux-Crist they just can’t change their spots, Hope they both retire to NY or CA. That’s the hopey, changee we need.
I have never trusted LeMieux. ,Charlie’s brain. I just hope someone can convince State Senator Carey Baker to run againts Nelson in 2012. With Marco Rubio and Carey Baker representing Florida in DC, the libs. will not stand a chance!!!!!
OUT WITH THE OLD———IN WITH THE NEW!
As I seek the office of US House in the 3rd Congressional District, I remind voters that supporting the first TARP bill by my fellow Republican opponents has become an issue. I would have TOTALLY rejected this bill simply because it DID NOT accomplish what needed to happen.
First, our government has succeeded in “socializing the losses” on the backs of hardworking taxpayers and “privatized the profits” in which those who created this financial fiasco are left with their millions of salaries and bonuses, their “golden parachutes” to get out, and still creating the “derivatives” that were gambles that failed and left us in shambles.
In a true free enterprise system, you have risk and reward. To take risks for the purpose of making wildly unimaginable profits that you are unaccountable for when they fail, does NOT fulfill the requirements of “Free enterprise” as we know it. Instead of bailing these people out, there is always bankruptcy court and that is EXACTLY what needed to happen. It would have exposed the fraud and corruption and deals made that were NOT in the interest of a free society, but for the sole purpose of making profits that made it “necessary” to have them bailed out as “they were too big to fail” institutions.
Good, sound business practices are self regulating. Those who follow them, succeed. Those who don’t, fail. Those who take advantage of people with what Wall Street, the “big banks”, and other willing accomplices created SHOULD be in jail- NOT still collecting salaries and bonuses BECAUSE of TARP and now this. THAT my dear Shark Tank readers is EXACTLY the role of government- to punish the wrong doers and to protect the free markets in our nation. ANYTHING short of that is beyond the scope of the Constitutional authority given our Congress and Administration.
You can’t solve a problem if you don’t understand its root cause. This bill, Sen. LeMieux, is just more of the same. It shows YOU have no understanding of the root cause and are a willing participant in the same “coddling” of these people d making it possible to do this all over again to WE THE PEOPLE. You don’t have to be a “rocket scientist” to figure it out. You simple follow that Constitution as our Founders intended and the answer is right before your eyes and ALL you need to know on how to “fix it”.
Sincerely,
Mike Yost
Yost for Congress – 2010
3rd Congressional District of Florida
http://www.yostforcongress.com
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I can’t believe that LeMieux is so dumb. he seemed to have start out well. But look who appointed him. He must not be the brightest bulb as Charlie put him there as a seat warmer.
GOD help us if we get Charlie, a real Obama supporter.
We need men of strength and courage like Marco Rubio.
We also need Bill McCollum for Governor, who start the law suit against Obama Care that is soon going before the Supreme and many other states have signed on and more will sign on.
Both Marco and Bill are men of courage, honesty and integrity.
Charlie may not be a thief like the man he picked..Jim Greer, but he is a traitor.
And speaking of Greer that ad by Scott is a complete lie. Its Charlie whose is his friend and supporter and railroaded him in. Bill was no where in the room.
What liars Charlie and Rick are.
GOD help this state if we get stuck with them. its over for Florida as a leader.
VOTE for Marco Rubio for U.S. Senate and Bill McCollum as governor.
Don’t believe the lies, check out their web sites and see the truth. They have a record you can see, not flim flam you can hear.
And remember, Scott could not have done what he said, as he is not in office. he did nnot call for anything..He is full of BULL.