The Establishment's STENCH

Dear friend of liberty,

The political establishment in BOTH parties in Washington, D.C. is doubling down, and the stench from their smoky backroom deals is getting stronger every day.

Earlier this year, Federal Reserve Chairman Ben Bernanke announced a program of PERMANENT "Quantitative Easing" - a move virtually sure to help finish off the U.S. Dollar.

Treasury Secretary Tim Geithner wants the President to be able to raise our nation's debt ceiling at will.

Now - desperate to avoid the so-called "fiscal cliff" - House Speaker John Boehner has already laid out an offer to President Obama to hike takes by a whopping $800 BILLION.

And just days ago, Speaker Boehner and the House GOP establishment stripped some of the strongest pro-limited government Members of the House - including Representative Justin Amash - of their Committee positions.

Representatives Amash and Huelskamp were removed from the Budget Committee, which happens to be chaired by Paul Ryan.

One has to be curious if we're witnessing a little payback, since both representatives opposed the Ryan budget.

Both men realize we have to address spending problems now - not wait decades to balance the budget.

What were the reasons given for Boehner's "purge"?

Not voting with Republican leadership enough. In other words, being "too principled" and actually believing in the talking points GOP candidates do their best to mouth on the campaign trail.

The message is clear.

Speaker Boehner is determined to cut a deal with President Obama to hike taxes and keep spending skyrocketing.

And rank-and-file House Republicans better get in line. Or else.

Forget demanding spending cuts.

Forget drawing a line in the sand and saying "NO" to economically destructive new taxes.

Our nation is over $16.3 TRILLION in debt, but that has nothing to do with wasteful politicians.

It's the fault of "selfish" people like you who don't hand over every red cent to Big Government bureaucrats in their mad rush to destroy every last memory of free markets in our country.

That's what the statists want you to believe.

Zachary, only to a politician could people who want to keep the fruits of their labor be considered "greedy," while those who would effectively STEAL those fruits be considered bighearted.

This fight is just beginning, of course.

But as you and I get closer to the holidays, it gets ever more dangerous.

Politicians think you and I aren't paying attention.

And the statists can hardly contain their excitement at RAMMING through a massive deal with President Obama to hike our taxes and earn praise from Big Government mouthpieces like the New York Times.

In fact, just thinking about it puts tears in Speaker Boehner's eyes.

That's why you and I are going to have to be more vigilant than ever.

I'll keep you updated on new developments in this fight over the next few weeks.

There will be many. And this fight will move fast.

Please be ready to take action. Grassroots citizens like you can derail the establishment's schemes.

But only if we're ready to show Washington, D.C. we mean business.

You can start today by calling John Boehner's office at (202) 225-6205 to demand he reinstate the members he "purged" to their committees.

In Liberty,

John Tate
President

Source: C4L

Ron Paul Comments on Latest Unemployment Numbers

After failed policies, “real, proven solutions” needed

LAKE JACKSON, Texas – 2012 Republican Presidential candidate Ron Paul released the following statement concerning the Labor Department’s September 2011 jobs report.

See comments from Rep. Paul below:

“The national unemployment rate of 9.1 percent for the month of September says nothing new about our failed experiment with Keynesian economics.  Simply put, all these years of Washington deficit spending and money printing did not move the labor market.

“While 103,000 ‘more’ jobs may have been ‘created,’ after consideration of the usual schemes of bad government math and the return of 45,000 striking Verizon employees, a key fact is that our economy did not add enough jobs to match our workforce’s natural rate of growth.

“Any assertion that there has been success for the Obama multitrillion dollar policy of picking winners and losers has with time proven false.  Unlike what Tim Geithner and Ben Bernanke have said, we are not on the road to recovery.  We’re on a meandering path to where jobs are scarce despite all this debt, with deficit dangers lurking in the shadows.

“With a failed policy must come the consideration of real, proven solutions such as free markets and return to a sound monetary system.

“The economic liberty message I advocate is essential to our nation’s future, and I look forward to presenting the public with a plan in the coming weeks to return us to economic prosperity and get America working again.”

RNC Chairman Priebus Calls on President Obama to Fire Tim Geithner

By Michael Short

WASHINGTON – Republican National Committee (RNC) Chairman Reince Priebus released the following statement calling for President Obama to fire Treasury Secretary Tim Geithner:

“In light of the downgrade of America’s credit rating and the resulting negative reaction in the financial markets, President Obama needs to relieve Treasury Secretary Tim Geithner of his responsibilities – immediately. More than anything, our economy needs a restoration of confidence, which will occur only with concrete action, not more empty rhetoric and political speeches.

The unprecedented downgrade is a direct result of Obama and Geithner’s failure to cut the debt. For two and half years, Republicans warned of the dangers of Obama’s reckless spending.  All the while, he and Geithner proposed record deficits and absolutely no plan to cut spending.  And just four months before this embarrassing downgrade, Geithner vowed it would never happen.  The Treasury Department is no place for such irresponsible stewardship.            .

For the good of the country and the health of our economy, President Obama needs to ask the very person who assured the American people this would never happen to step aside.”

BACKGROUND:

Geithner Said There Was No Risk We Would Lose Our AAA Credit Rating

In April, Treasury Secretary Geithner Insisted That The There Was “No Risk” Of The United States Losing Its AAA Credit Rating. PETER BARNES: “Is there is a risk that the United States could lose its AAA credit rating? Yes or no?” TIM GEITHNER: “No risk of that.” BARNES: “No risk?” GEITHNER: “No risk. …” (Fox Business, 4/19/11)

•When Asked Again If The US Would Keep Its AAA Rating Geithner Said “Absolutely”. BARNES: “So Standard & Poor's is wrong, the United States will keep its AAA credit rating?” GEITHNER: “You know -- absolutely.” (Fox Business, 4/19/11)

Watch the video where Geithner says the US would NOT lose its AAA rating

Behind the Scenes: Photos from the Debt Negotiations

After a long and heated debate, President Barack Obama signed into law a compromise that will reduce the deficit and avert a default on our obligations that would have devastated our economy.

Official White House photographer Pete Souza chronicled the process over the last month, snapping photos at various stages of the negotiations. Yesterday, we released a set of his behind the scenes photos.

President Barack Obama meets with Speaker of the House John Boehner on the patio near the Oval Office, Sunday, July 3, 2011.

President Barack Obama talks with members of his staff in the Oval Office following a meeting with the Congressional leadership, July 7, 2011. Pictured with the President, from left, are: Chief of Staff Bill Daley; Rob Nabors, Assistant to the President for Legislative Affairs; Bruce Reed, Chief of Staff to the Vice President; National Economic Council Director Gene Sperling; Jason Furman, Principal Deputy Director of the National Economic Council; Office of Management and Budget Director Jack Lew; Senior Advisor David Plouffe; and Treasury Secretary Timothy Geithner.

President Barack Obama meets with Congressional Leadership in the Cabinet Room of the White House to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, July 13, 2011. Pictured, from left, are: House Majority Leader Eric Cantor, House Minority Leader Nancy Pelosi, House Speaker John Boehner, Senate Majority Leader Harry Reid, and Senate Minority Leader Mitch McConnell.

President Barack Obama and Vice President Joe Biden meet with House Speaker John Boehner and House Majority Leader Eric Cantor in the Oval Office to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, July 20, 2011.

President Barack Obama and Vice President Joe Biden meet with Congressional leaders in the Cabinet Room of the White House to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, Saturday, July 23, 2011. Pictured, from left, are: Senate Minority Leader Mitch McConnell, House Minority Leader Nancy Pelosi, OMB Director Jack Lew, Senate Democratic leader Harry Reid, and House Speaker John Boehner.

President Barack Obama and Vice President Joe Biden are briefed by Rob Nabors, Assistant to the President for Legislative Affairs, during a meeting in Chief of Staff Bill Daley's West Wing office at the White House to discuss ongoing efforts to find a balanced approach to the debt limit and deficit reduction, Saturday, July 30, 2011.

President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011.

The Resurgence of the American Automotive Industry

By Erin Lindsay

Two years ago, on June 1, 2009, General Motors filed for bankruptcy, backed by $30 billion in support from the federal government. The same day, in the same New York courthouse, a judge approved Chrysler’s plan to forge an alliance with Fiat and emerge from bankruptcy as a restructured business with an uncertain future.

Two years later the American auto industry is mounting a comeback. 

Today, the White House released a report that highlights the resurgence of the American auto industry.  The report discusses the jobs created in the sector, the turnaround of the companies that are now turning a profit, and how entire communities have been revitalized by a strengthened auto industry.

In the year before GM and Chrysler filed for bankruptcy, the auto industry shed over 400,000 jobs.  Had President Obama failed to intervene, conservative estimates suggest that it would have cost at least an additional one million jobs and devastated vast parts of our nation’s industrial heartland.  Since GM and Chrysler Group emerged from bankruptcy in June 2009, the auto industry has added 115,000 jobs – the fastest pace of job growth in the auto industry since 1998.

Since GM and Chrysler emerged from bankruptcy in June 2009, they have announced investments totaling over $8 billion in their U.S. facilities, creating or saving nearly 20,000 jobs. Additionally, in the first quarter of 2011, the auto industry reached an important milestone when all three Detroit automakers posted positive quarterly net profits – for the first time since 2004.

Furthermore, both companies are paying back their loans. Last week Chrysler repaid its outstanding loans to the U.S. Treasury, bringing the total amount taxpayer dollars returned to $10.6 billion – which represents a full recovery on the resources committed by the Obama Administration.

As Treasury Secretary Tim Geithner said in an op-ed in The Washington Post today:

“What happens next for Chrysler and GM is up to their executives, managers and workers — just as with any other company. We cannot guarantee their success, and at some point they may stumble. But we’ve given them a better shot. The choice to stop the American automobile industry from unraveling was the right one.”

Secretary Clinton and Secretary Geithner Joint Letter to G8 Ministers

Dear G8 Colleagues,

As President Obama said on May 19, the courage of the people of the Middle East and North Africa has created a historic opportunity. This is a time for the region and the world to work together to support successful transitions toward democratic societies and more inclusive economies.

As our nations gather at Deauville, we should consider several steps to support these goals. We share a compelling interest in seeing the transitions in Egypt and Tunisia succeed and become models for the region. Otherwise, we risk losing this moment of opportunity.

Experience from other democratic transitions has taught us that we should focus on trade, not just aid, and on investment, not just assistance. Moreover, our efforts should be aligned with the needs and aspirations of the people of the region. In Egypt and Tunisia, citizens have outlined several key priorities: improving financial stability, strengthening the private sector, curbing corruption, creating jobs, and further integrating their markets with the region and the global economy.

With these priorities in mind, we should first offer our strong support for the Joint Action Plan of the Multilateral Development Banks. The World Bank and the African Development Bank will bring their resources to bear by supporting home-grown policies and reform agendas. We call on governments around the world—including in the Middle East and the Gulf—to join us in forming a broad and long-term partnership to support Egypt and Tunisia. It will be important to ensure that public dollars help leverage private dollars and grow private enterprise, and that the reforms are driven by the people and leaders of the region themselves.

Second, we should help Egypt convert the debts of the past into investments for the future. The United States is committed to a debt swap for Egypt and we are asking our partners to join us in this initiative. A debt swap will enable Egypt to channel its debt payments toward underwriting swift, sustainable job creation. A shared response in the form of a multi-creditor debt swap for job creation would provide Egypt with financial relief while also ensuring that critical investments are made to improve the lives of Egyptian people. We also should stand ready in the Paris Club to reinforce the forthcoming IMF package for Egypt. At the same time, we should collectively commit to helping newly democratic governments recover assets that were stolen.

Third, the G-8 should lead efforts to reorient the European Bank for Reconstruction and Development (EBRD) so that it can play the same role today in supporting democratic transitions in the Middle East and North Africa that it has played over the past two decades in Central and Eastern Europe. Our countries should use the Deauville Summit to support a mechanism that enables the EBRD to engage in the near-term to support private sector development in the region, as well as reforms that create conditions for successful entrepreneurship.

These immediate steps will provide important support to the democratic transitions already underway. But to be most effective, they must be part of a larger vision that connects the region to the global economy.

Non-oil exports within the Middle East and North Africa currently account for less than 10 percent of the region’s total trade— lower than that of any other region in the world. This lack of regional integration has contributed to chronic unemployment and hindered diversification.

To begin reversing this trend, President Obama announced a comprehensive Trade and Investment Partnership Initiative in the Middle East and North Africa. We ask members of the G-8 and the EU to join the United States and other willing partners across the region to facilitate more trade within the region, as well as between the region and global markets. This plan will increase market access and create new economic opportunities in new sectors, driven by new technologies. Just as membership in the European Union served as a powerful incentive for economic transformation in Central and Eastern Europe after the Cold War, so should the prospect of participating in an integrated and dynamic regional economy create a powerful force for reform in the Middle East and North Africa.

As President Obama said, the greatest untapped resource in the Middle East and North Africa is the talent of its people. Ultimately, they are the ones who will determine the future of their region. The nations of the G-8 share an interest and a responsibility in supporting these people and their countries as they move toward genuine democracy and more vibrant and open economies. The proposals we have outlined are important steps toward that future and we should waste no time in seizing this moment of opportunity. We look forward to working with you in translating these proposals into results.