The Bain Report

by R. Al Bain

Michigan Legislators get juicy Benefit Package
LANSING — No longer running for governor, Lt. Gov. John Cherry says he doesn’t know what he’ll do when he’s out of office next Jan. 1. His $99,390 annual pension will soften the landing. That’s what he’s been collecting since 2002, after 20 years in the Legislature. Cherry, 58, also has 401(k) retirement savings as lieutenant governor, for which the state contributes up to 7% of his salary. And he receives lifetime health insurance as a retired lawmaker. Senate Republicans said rescinding the benefits for current lawmakers who are vested already may violate the Michigan Constitution, an assertion Democrats dispute. The Senate GOP plan would keep the retirement health benefit for current lawmakers who have already qualified for it. The current benefits includes lifetime health insurance for retired lawmakers, which is generous by most standards. They pay 10% of the cost of premiums, and $5 or $10 co-pays for prescription drugs. Retired lawmakers, who are eligible for the benefits at 55 years old if they’ve served at least six years in the House or Senate. That’s one hell of a benefit package that most citizens can only dream of receiving! Politicians get this working for the most part, part-time for the people!
Legislators take on public employees’ pay and benefits | | Detroit Free Press

Anger at Banksters grows as Credit stays Scarce: Lack of loans is stunting growth
If you must borrow money these days, brace yourself to run into a brick wall. While economists say the recession is over, anger and angst are far more common across America than low-cost credit — despite all the taxpayer bailout money that went to banks, which are back to paying big executive bonuses. A tight-fisted lending environment doesn’t help the recovery. Credit is the oil of our economic engine. Without access to credit, many consumers cannot buy cars or homes, and companies cannot expand, secure supplies to land new contracts and hire more workers. Real estate projects sit on drawing boards or half-done, stalled by lack of credit for the developers.
Ways to solidify your credit in these shaky times | | Detroit Free Press

Existing Home Sales Plunged 16.7% in December
The nearly year-long, positive trend in the U.S. housing sector ended 2009 on a sour note, as existing home sales plunged 16.7% in December to a 5.45 million-unit annualized rate, the National Association of Realtors announced Monday. Sales fell as the federal government’s original tax credit program expired. December’s existing sales tumble was the largest one-month drop since the NAR started keeping records for this statistic.
Existing Home Sales Plunged 16.7% in December – DailyFinance

Bill Gates: Recovery Will Take Years
Microsoft chairman says it will take several more years for the economy to fully rebound from the great recession. “The budget’s very, very out of balance,” Gates warned. And even as the economy comes back, without changes in tax and entitlement policies, it won’t get back into balance. And at some point, financial markets will look at that and it will cause problems.
Bill Gates: Recovery Will Take Years — InformationWeek

Beware of four new Bubbles– gold and oil — stocks, and government bonds.
Since the start of 2009, oil has returned to the danger zone by jumping 63% to $75 a barrel, and gold has risen more than 20% to set astounding new records by climbing above $1,100 an ounce. After briefly returning to historically normal valuations in March, stocks are now selling at price-to-earnings multiples 40% above their historic range of 14, and 10-year Treasuries are so pricey that they yield 1.5% less than they did in 2007.
Beware the 4 new asset bubbles – Jan. 25, 2010

What Would a Tea Party-Led U.S. Look Like?
Tea Partiers have been angry about many things including taxes, bank bailouts and health care reform. These citizens favor limited government and a free market. The writer of this article is the very reason we as a country our in the shape we’re in! It’s a typical media propaganda piece which the liberal media has been feeding the American Public for far to long!
What the U.S. Might Look Like If the Tea Party Led It – DailyFinance

Next governor will need a rhino’s hide
The title of this article is not to be confused with (RINO) Republican in name only! Two things the people of Michigan ought to want in their next governor: an open mind and a thick hide. To elaborate: Despite the rah-rah resurgent feeling at the auto show, Michigan is still in desperate economic straits. The next governor has to have an open mind for ideas, proposals and plans from anywhere, not just his or her party or the special interests that bankrolled his or her campaign. The only “beholden” in our next leader should be to Michigan, first and last. That means putting Michigan ahead of Republican, Democrat, liberal, conservative, business, labor, east side, west side or U.P. and working tirelessly for the betterment of this state and its people.
Next governor will need a rhino’s hide | | Detroit Free Press

Republicans must earn their election victories
The stakes in this fall’s elections go far beyond the fate of either the Republican Party or the Democratic Party. The fate of America is on the line. The Republicans need to understand that — and to understand that they are not simply “due” because of polls.
Republicans must earn their election victories | | The Detroit News#ixzz0dXP2NPBH

ObamaCare Alive And Well: Pelosi – “Regardless of MA, It Will Happen”
Obama the Democrats in Congress and the extreme liberal left are out of touch, blaming voters and everyone else as Brown goes to Town they are still conspiring in the dark corners behind closed doors in Washington to push through ObamaCare.
ObamaCare Alive And Well

Is this the future of America?
“We are getting a glimpse of what happens when Muslims who refuse to accept American values and principles gain political power in an American community” Principal Imad Fadlallah of Dearborn’s Fordson High School has systematically weeded out Christian teachers, coaches and employees and has terminated, demoted or reassigned them because of their Christian beliefs. “Fadlallah has publicly stated ‘he sees Dearborn Fordson High School as a Muslim school, both in students and faculty, and is working to that end.'”
Legendary Christian coach canned after student converts

A Messiah Treading Instead of Walking on Water
What our Canadian friends have to say: The silence at the White House on the First Anniversary of the Obama inauguration is deafening. But in order to see how they’re all feeling, all you have to do is to tune in on the histrionics of MSNBC where the tingle of the thrill is gone. It’s over, the voters of Mass. took aim and shattered forever Obama’s image as “The Messiah”.
A Messiah Treading Instead of Walking on Water

Ben Bernanke says we have no problem
This video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It’s a compilation of statements he’s made from 2005-2007 that will have you 100% certain America is doomed if we continue to value what this moron says.
YouTube – Bernanke: Why are we still listening to this guy?

Rep. John Murtha (D-PA) Airport: Your Tax Dollars
John Murthas Airport only has three flights a day to Washington, DC, but it received has received over $150 million dollars of taxpayer money and then another $800,000 in Stimulus Money. Murthas personal federal funded airport, which allows him to quickly tuck his tail and run from DC like the POS coward he is, after bashing the troops every day, has only 6,700 passengers each year.
YouTube – Glenn Beck John Murthas Airport

Rep. John Murtha (D-PA) An Insult To Our Democracy
Rep. Jack Murtha presides, ignores reality to push through his preferences without a vote. The no votes clearly have it but is totally ignored!
YouTube – An Insult To Our Democracy

Quote Of The Week: by Burt Prelutsky, LA Times
“Frankly, I don’t know what it is about California, but we seem to have a strange urge to elect really obnoxious women to high office. I’m not bragging, you understand, but no other state, including Maine, even comes close. When it comes to sending left-wing dingbats to Washington, we’re number one. There’s no getting around the fact that the last time anyone saw the likes of Barbara Boxer, Dianne Feinstein, and Nancy Pelosi, they were stirring a cauldron when the curtain went up on ‘Macbeth’. The three of them are like jackasses who happen to possess the gift of blab. You don’t know if you should condemn them for their stupidity or simply marvel at their ability to form words.”

  1. Week in review « Craig W. Wright

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