Posts tagged ‘Corporate Welfare’

01/13/2012

Huntsman: Why New Hampshire Surge?

Former Rep. Utah Gov. John Huntsman, who lived overseas four times while serving Presidents Reagan, Bush Sr., Bush Jr., and most recently Obama, as U.S. Ambassador to China, finished third in the New Hampshire Republican primary, and is now a serious contender, primarily because of his foreign policy.

FOREIGN POLICY: Huntsman said we need to leave lingering Cold War thinking behind. While some UN members are anti-American, he said, the organization serves a useful peacekeeping and humanitarian purpose. We should not use water-boarding, as he labeled it torture. He said it diminishes our standing in the world as to human rights. We must balance individual liberties and security, and project America’s goodness.

AFGHANISTAN: Huntsman said we need an honest conversation about our sacrifices in Afghanistan the past 10 years. We listened to the generals in 1967, but that didn’t serve our interests. At the end of the day, he said, the President, not the generals, must decide as Commander-in-Chief. He made clear it’s time to leave Afghanistan, as only the Afghans can save their own country. While security is still lacking, it is time to come home, he said, since we achieved our objectives. We drove the Taliban out of Kabul, dismantled al-Qaeda, held elections in 2004, and killed Osama bin Laden. We should not do nation-building with 100,000 troops, as 10,000 to 15,000 troops, with Special Forces and drones can gather the intelligence we need.

IRAN: Huntsman predicted sanctions will not stop Iran from developing a nuclear weapon, because Russia and China are not going to play ball. In a contradictory way, he said our foreign policy in the Mideast is to insure Iran does not go nuclear.

PAKISTAN: Huntsman said only Pakistan can save Pakistan. His concern is they have 160 million people and 100 nuclear weapons. They have troubles along their border, and risk becoming a failed state, due to the Midrasha Movement. Expanded drones over Pakistan would serve our interests, he said.

ARAB SPRING—SYRIA—BAHRAIN–LIBYA: He said the American interest in Syria is called Israel. He would remind the world what it means to be our ally. He accused President Obama of missing the Persian Spring in Bahrain, saying he failed on that front. On the other hand, he felt we had no interest in Libya.

TRADE: If we apply trade sanctions against China, Huntsman worried, we will get the same in return, because we also manipulate our currency, and a trade war will only hurt our exports. He said we cannot sue China in the WTO over currency issues. He warned Europe is second only to Canada as a U.S. export market, and if they go down, the problem will spread to us.

BANKS/ANTITRUST: Huntsman appeared to be concerned about “too big to fail” and wants a proper size for banks. We must address the problem of banks being too big to fail, because they are setting us up for a long-term disaster. He said six institutions have 9.4 trillion or 60 to 65% of our GDP, with unfair implied taxpayer guarantees of protection. They need to be “right-sized,” he said. The banks must pay to take the risk away from taxpayers.

CORPORATE WELFARE: Huntsman said we should not bail out corporations, because we spent trillions with nothing to show for it. He would also phase out corporate welfare and subsidies. As to those protesting against Wall Street, he wants to be the President of the 99%, as well as the 1%, but disagreed with anti-capitalism messages made by some in the crowd.

JOBS: Huntsman thinks we can create jobs for the 15 million who are unemployed through regulatory reform, repealing Obamacare, tax changes, energy independence, and ending corporate welfare.

IMMIGRATION: Huntsman reminded listeners legal immigration is a growth engine. Two of his seven children, from India and China, help him see the issue through their eyes. He said the number of illegal aliens in the U.S. is down due to the economy. While Utah governor, he gave Drivers Licenses to illegal aliens.

AUTO INDUSTRY: Huntsman thinks we can regain our industrial base by lowering taxes and lessening regulations. He did not think the 68 billion dollar auto bailout was a good use of taxpayer money. Americans are sick and tired of bailouts, he said.

ENERGY/ENVIRONMENT: He wants energy independence, but thinks we can’t use wind or sun right now. He would develop natural gas to get rid of our heroin-like addiction to imported oil. The true cost of oil and gas, he said, includes federal spending to keep the Persian Gulf sea lanes open. He accused the EPA of running a “reign of terror.”

BUDGET/DEBT: Huntsman would never let the U.S. default on our debt, which he labeled a cancer, but we have to have an honest conversation about our sacred cows, as everything has to be on the table, including the 650 billion dollar Defense Budget. If we do not, he warned, we will soon look like Europe. He explained: Greece has a 170% debt to GDP; Italy: 120% to GDP; Japan: 100% to GDP; and ours is 70% debt to GDP, and it is moving up. A 70% debt-to-GDP ratio is a national security problem, which will cause us to stop growing, as it gets too high.

TAXES: Huntsman said this is the worst time to raise taxes. He would lower tax brackets to 8%, 14%, and 22%. He would phase out loopholes and deductions for individuals, as recommended by the Simpson-Bowles Commission. He would also phase out corporate welfare and subsidies. As Utah governor, he delivered on a flat-tax. He refused to sign a no-tax-hike pledge.

HEALTH: Huntsman said the government’s health care approach is wrong, because it contains a costly individual mandate. He warned the IRS is gearing up with 19,500 employees to administer the mandate. He delivered on health care reform in his state, he said, without a mandate. We need truly affordable insurance by addressing health care cost containment. We have to get costs out of the system. Half of health care spending is nonsense, he said. He wants a health care solution that works in the market. We need affordable health insurance to reduce the number of uninsured. Patients need to be empowered. The Ryan plan puts everything on the table, he said. He would send Medicaid back to the states. He would let the states experiment.

EDUCATION: He thinks early childhood literacy is important, but wants education local, and he would send it back to the states, with no unfunded mandates.

EQUALITY: Huntsman does not bash gays, and accepts civil unions. He asked fellow Republicans to do better on equality.

JUSTICE: Huntsman limited his approval of Supreme Court Justices to just Roberts and Alito.

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01/12/2012

Ron Paul: Why Voters Support Him

While the inside the beltway crowd cannot understand why Ron Paul finished a close third in Iowa, and now second in New Hampshire, if they had been listening, they would have heard his anti-war, anti-torture message, his willingness to cut military spending, his pledge to withdraw from Iraq and Afghanistan, his promise to avoid conflict with Iran, his hostility towards corporate welfare, deficit spending, his defense of liberty, and personal freedom, and scorn for wasteful projects, like the war on drugs.

FOREIGN POLICY: Paul clearly receives his popularity from his foreign policy. He said: we need to stop our wars. It angers foreigners when we occupy their lands. We were attacked on 911, he explained, because we had troops in Saudi Arabia. We are disliked because we have done nothing to stop the abuse against the Palestinians. We have 900 bases around the globe in 150 nations. Paul asked why we keep troops in Korea, Japan, or Germany. We have more weapons than all other nations combined–enough to blow up the world 20 to 25 times. He said we have to stop trying to be the policeman of the world.

WAR ON TERROR: He said the war on terror is like the war on drugs. It’s a pretend war. No formal declaration of war was ever made. Terrorism is only a tactic, he said. Others may want to bomb us, because we bomb them, not because of what we believe.

LIBERTY: As to profiling, Paul asked what if a person looked like the white Oklahoma City bomber, Timothy McVeigh? As to the Patriot Act, our Founders warned not to sacrifice liberty for security, Paul said, something our government now does too willingly. We should not give up freedom for a police state.

TORTURE: Paul correctly argued torture is illegal under U.S. and international law. Water-boarding is torture, he said in no uncertain terms. It’s uncivilized and immoral. We should not give up so easily on the rule of law, he said, as he pointed out over 300 terrorists were convicted in civilian courts and sent to prison.

MILITARY BUDGET: Paul said there is a lot of waste in the military and we can no longer afford to be the world’s policeman. Our new embassy in Baghdad alone is costing 1 billion. He courageously said the military budget must be on the table and offered to cut billions from their overseas spending. He accused others of just talking about reducing proposed increases.

FOREIGN AID: Paul would also cut all foreign assistance, including aid for Israel, since the Constitution does not authorize it. We gave military aid to an Egyptian dictator and got nothing.

AFGHANISTAN: He would clearly withdraw from Afghanistan now, and would save billions. He said the U.S. should withdraw from Afghanistan, because that’s where the Soviet Union was brought down. He predicted the same may happen to us.

IRAN: Paul does not pander or say things he thinks the audience wants to hear. He explained Iran wants to build nuclear weapons, because they have well-armed neighbors who already have the bomb, and for them, it is a matter of self-defense. He was not afraid to say Iran is no credible threat to the U.S. He warned the imposition of sanctions against Iran would provoke yet another war. He said it is not worth going to war against Iran to prevent them from gaining nuclear weapons. What is going on right now with Iran is the same propaganda used in the build-up to the Iraq War. He would not support an unprovoked unilateral attack by Israel upon Iran. He asked: why are we flying drones over Iran? While we don’t want to see Iran with nuclear weapons, he said it’s dangerous to declare war on 1.2 billion Muslims.

SYRIA: Paul would stay out of Syria. The Syrians need to deal with Syria, he said. We would only get in trouble if we got involved. We should simply support self-determination.

IRAQ: He would complete the withdrawal from Iraq, reminding us we still have 17,000 contractors on the ground over there.

ISRAEL: Paul asked: why should we commit our kids and our money to endlessly aid Israel?

CORPORATE WELFARE: Paul accused both parties of bailing out big corporations and Wall Street speculators, who ripped off regular people in the derivatives market. He would deny government aid to private enterprise.

HOUSING: Paul said Freddie Mac and Fannie Mae caused overbuilding and distortions, and government needs to get out of housing. Easy credit built too many houses and caused a bubble, he argues, which eventually burst, and now we are going through a correction, that is costing Middle Class people their homes. If money was to be given out, Paul said, it should have gone to those who lost their mortgages, not the banks. He said government sponsored enterprises received excessive credit from the Fed under the Community Reinvestment Act, and the housing debt must now be liquidated, as we are just prolonging the agony.

BUDGET/DEBT: Paul said nobody cares about the national debt, but it is a burden on the economy. Our financial condition is actually the biggest single threat to national security, he said.  Unnecessary wars have added to our deficits, and yet we are not cutting anything; it’s just talk. They only nibble away at baseline budgeting. They get hysterical on the Hill, because their budgets are not going up as rapidly as they want. The budget is out of control, because of earmarks. Paul said he would eliminate five departments and cut 1 billion in spending from the federal budget in his first year.

SOCIAL SECURITY: Paul said the Social Security Trust Fund should not have been used to fight wars.

DRUG WAR: Paul argued the war on drugs is a total failure, which should be handled like alcohol.

THE FED: Paul does not believe the Fed Reserve should set interest rates or decide how much money should be in circulation. He would return the gold standard. He said the Fed set interest rates well below market levels and keeping them low only distorts the economy. He does not believe they stimulate economic activity. He said Greenspan kept them too low for too long. He criticized the ability of banks get loans at zero percent, a practice which cheats the elderly of interest income they could earn from CDs. He was concerned the Fed sent five billion overseas to bail out foreign banks, and wants the Fed audited.

HEALTH CARE: Paul correctly said the insurance and drug companies will love the individual mandate. He wants more market competition in medicine. He supports medical savings accounts and would let people opt out of the health care plan.

 

11/02/2011

Huntsman: Obama’s Greatest Threat

Former Utah Gov. John Huntsman, a man who sounds reasonable, and who previously served Presidents Reagan, Bush I, Bush II, and Obama, correctly said he is the only Republican who could attract independents, yet the conservative base of the GOP has disregarded his sound advice, while they drift towards the vague set of principles outlined by Gov. Mitt Romney.

AFGHAN: Huntsman would take votes away from Obama in foreign policy with his pledge to bring American troops home from Afghanistan. In no uncertain terms, he said, after 10 years of war, it is time to get out, and do nation-building here in the U.S. Only the people of Afghanistan can save Afghanistan, and only the Pakistanis can save Pakistan, Huntsman said.

CHINA: As a former Ambassador to China, Huntsman said a President should know something about China, and have a dialog with them. He understands international trade, as he worried sanctions against China over currency manipulations would only lead to retaliation, since we also manipulate our currency. A trade war, he said, would only hurt U.S. agricultural exports.

OIL: With respect to fuel for our cars, Huntsman wisely observed the true cost of gas includes federal spending to keep the Persian Gulf sea lanes open. Gas prices are otherwise determined in the market, he said, and cannot be controlled by government.

GAS: As to environmental regulation, Huntsman, a global businessman, said the EPA hurts corporate expansion. He accused the EPA of running a “reign of terror.” He wants natural gas developed, since he thinks wind and sun can’t be used right now.

IMMIGRATION: Huntsman wants legal immigration fixed. Two of his seven children, from India and China, help him see the issue through their eyes. He favors securing U.S. borders, but is reluctant to send all illegals home. While he was the Gov. of Utah, he let them obtain Drivers Licenses.

HEALTH CARE: Huntsman, out in front of the curve, asked how the health care issue would be resolved, if the Republicans succeeded in repealing Obama’s law. He said the plan to reduce the uninsured by simply mandating coverage is wrong, since the problem is the affordability of health insurance. He noted the IRS is gearing up with 19,500 employees to administer the insurance mandate, but he wants a health care solution that works in the market, and wants to experiment at the state level.

DEBT-TAXES: Huntsman wisely said he would never let the U.S. default, but called the National Debt a cancer. He refused to make any tax pledge, but said this is the worst time to increase them. He worked with a flat tax in Utah, but appeared to be willing to keep federal income tax brackets of 8%, 14%, and 22%.

CORPORATE WELFARE: Huntsman would eliminate corporate welfare, subsidies, tax loopholes, and deductions for individuals, as recommended by the bipartisan Simpson-Bowles Commission.

JOBS: Huntsman said it is tragic 15 million are unemployed. He thinks he can create jobs through regulatory reform, repealing the health care law, changes in the tax code, energy independence, and by terminating corporate welfare. He wants to create an environment favorable to business, and thinks he could regain our industrial base by lowering taxes and lessening regulations.

CIVIL UNIONS Huntsman, a Mormon, said Civil Unions are acceptable, and asked Republicans to do a better job on equality.

SCIENCE & EDUCATION: Huntsman said Republicans should not be anti-science. He thinks early childhood literacy is important, but wants education local, with no unfunded mandates.

CONCLUSION: Huntsman has a good resume. His foreign policy on Afghanistan is correct. He understands China. He would develop domestic gas. He would increase legal immigration. He correctly sees the health care problem as one of uncontrolled costs. His desire to eliminate corporate welfare, subsidies, tax loopholes and deductions is good. He was right on the Debt-Ceiling. His jobs plan is vague. He supports civil unions. He stood up for science in schools. Fortunately for Obama, the Republicans do not appear willing to support candidate John Huntsman.