Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Monday, February 09, 2009
From Nugents pen to your eyes.............
by Ted Nugent
Posted 02/03/2009 ETUpdated 02/04/2009 ET
I’m a hunter, and proud of it. Most of my best hours are spent in the field, sometimes chasing dangerous game. I’m on the track of one, a bigger more dangerous critter than I’ve ever hunted before: the Obama-Pelosi Porkosaurus. The Porkosaurus is plenty dangerous by itself. It subsidizes unemployment by increasing unemployment benefits. And, as the man said, when you subsidize something you get more of it. It doesn’t spend anything -- not one thin dime -- on the one thing that economists say is guaranteed to stimulate the economy, defense spending. And its whole purpose is to feed Fedzilla and make it grow even bigger, swallowing our economy whole. In a crisis, hysterical, wrongheaded, ignorant people will squall and holler to "do something." Reasonable people with a modicum of intellect know that throwing a cinder block to a drowning person qualifies as "something", but surely it is the wrong something.Amazingly, some of these same reasonable people continue to look to Fedzilla to solve the financial crisis that this bloated beast created. Result: America is drowning in unsustainable mountains of debt and deficits and threatening to do more of the same. President Obama and his Democratic cronies on Capital Hill want to pile on more debt and more deficits that will further destroy the US economy.President Obama and Nancy Pelosi's trillion-dollar Porkosaurus bill will fail miserably at creating new jobs and reversing our economic kamikaze swan dive. The bill is weighed down by irresponsible, ineffective, wasteful spending which is the status quo in Washington DC.It is not just President Obama who wants to feed the grossly obese Fedzilla. President Bush fed Fedzilla mountains of our tax dollars, too. According to the Wall Street Journal, during his tenure America witnessed the largest expansion of Fedzilla spending since Lyndon Johnson's Great Society boondoggle. Many of the Republican House and Senate members voted in support of expanding Fedzilla. They deserve to get tossed out of power.But now President Obama is in charge of feeding Fedzilla and he has wasted no time in advocating a trillion-dollar pork dinner for The Beast. The menu of spending items is the most irresponsible pile of pork in the history of our country.In a January 28 op-ed the Wall Street Journal did an outstanding job of identifying the waste in Pork-stimulus. The following are a couple of shameful examples.There is one billion for Fedzilla's railroad, Amtrak. Shamtrack, as I call it, has not been profitable for decades, and probably never will be. The Shamtrack Xpress to financial hell should be derailed.$400 million more of our tax dollars are scheduled to be wasted on the global-warming scam of the century. Here's how we save this cash: We agree the earth warms and cools. We admit that warming and cooling is a naturally occurring cycle that has to do with the sun and that there is nothing we can do about it. We admit Al Gore is a fraud and a global warming Ponzi-schemer. Then we take back Al's Grammy and documentary award.$81 billion will be wasted on feeding Medicaid. Give me one week with some smart, savvy business people and we will come up with a private-sector, cost effective, efficient health care program that does not include Fedzilla and its gluttonous unaccountable tax dollar bonfire.$66 billion is scheduled to be fed to Fedzilla's Department of Lack of Education. We can save this cash by parents just checking their child's homework and cutting the cords to computer and video games.$83 billion more will be spent on providing earned income credit for people who do not pay taxes. I am all for earned income. No one gets a dime unless you earn it.$54 billion is scheduled to be overtly wasted on Fedzilla programs that Fedzilla's very own Office of Management and Budget or the Government Accounting Office has labeled as "ineffective" and can not pass a financial audit. There is no accountability. None.According to the Wall Street Journal, only about twelve cents of every dollar in the trillion-dollar Pork-stimulus will jump start the economy and create new jobs. I trust the WSJ much more than I do President Obama or Nancy Pelosi. As I outlined in my book, TED WHITE & BLUE-The Nugent Manifesto, the way out of this economic mess is permanent tax cuts across the board. Find a tax and slash it at least in half. This will ignite the fuel of private industry and will instantly create new jobs and yank us out of the economic abyss in months, not years.Along with tax cuts, Fedzilla spending should be slashed by 25 percent. Imagine how the stock market would instantly respond to that bold, new approach.It is now up the Senate to do what is right for America and kill the Porkosaurus. I beg of them not to throw a concrete block to drowning Americans and call it a life preserver.
Rock legend Ted Nugent is noted for his conservative political views and his vocal pro-hunting and Second Amendment activism. His smash bestseller Ted, White & Blue: The Nugent Manifesto, is now available at www.amazon.com. Nugent also maintains the Official Ted Nugent Site at www.TedNugent.com.