The Bain Report: “Articles that Affect You and Your Family” for April 19, 2010

Great analogy of Richardville representation in Milan News-Leader letter to the editor
“Richardville panders to Monroe Chamber of Commerce”
In the Monroe Evening News article “State senator warns legislators,” state Sen. Randy Richardville, speaking to the Monroe Chamber of Commerce, portrays himself as part of the solution, not the problem, by putting the blame on his fellow legislators. This is right out of the Democratic playbook of Gov. Jennifer Granholm, placing the blame on former Gov. John Engler for Michigan’s problems.
Milan News-Leader letter to the editor
 
Phone Propaganda the Promise Scholarship fund?
What if the State had never gotten any Tobacco money? How would they have funded the things for which they raided the Promise Scholarship fund? Richardville simply let the older sibling get away with buying the party goods (endless gov’t programs designed to win the favor of the people come election time).
 
Scandal Involving Attorney General Mike Cox Grows
Several affidavits filed this week directly contradict statements by Attorney General Mike Cox regarding an alleged party at the home of former Detroit Mayor Kwame Kilpatrick. In 2002, it was widely reported that a party at Manoogian Mansion featuring  27 year-old exotic dancer Tamara “Strawberry” Greene abruptly ended when the mayor’s wife returned home and began assaulting Greene. Greene was later shot to death. After a brief investigation in 2003, Cox dismissed accounts of the party as “urban legend.” Yet in a sworn affidavit, former 911 dispatcher Sandy Cardenas, says she sent police to the Detroit mansion to investigate a number of disturbance calls one fall night in 2002.  Cardenas states that within hours of these calls, 911 tapes were removed by a Detroit police officer from internal affairs. “You don’t take tapes out… unless they don’t want people to know something,” Cardenas told The Detroit News.
 
IRS Is Picking on the Little Guys — And Losing Money By Doing It 
The IRS has increased audits of small and midsize businesses, and has decreased its audits of massive corporations, according to a recent study by Transactional Access Records Clearinghouse, a research group at Syracuse University. Maybe they are reorganizing their efforts to go after ObamaCare non compliance folks?
 
U.S. Bank Profit ‘Imbalances Are Re-Occurring’ that fueled the credit crisis
Record low U.S. interest rates are boosting the profitability of financial companies, creating the same kind of imbalances that fueled the credit crisis, according to Jim Reid, a Deutsche Bank AG strategist in London.
 
Can Health Care Reform Possibly Control Costs? 
Health care operates as a “cartel” not in the sense of a formal organization like OPEC (the Organization of the Petroleum Exporting Countries) or the criminal activities of drug cartels, but in the informal sense of a small group of companies that dominate specific markets and thus wield significant political and pricing power within those markets. The health care reform bill does little to challenge this power. Indeed, it’s a sign of the medical industry’s enormous political power that the bill overlooked some of the biggest reasons for the high cost of American medicine.
 
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court 
The U.S. Court of Appeals in Manhattan ruled March 19 that the central bank must release the documents. A three-judge panel of the appellate court rejected the Fed’s argument that disclosure would stigmatize borrowers and discourage banks from seeking emergency help.
 
How other Countries vote in the United Nations against the United States
The link below are the actual voting records of various Arabic/Islamic States which are recorded in both the US State Department and United Nations records.
 
Is Wall Street Underestimating the Inflation Threat?
Wall Street, stop dreaming. Fund managers are increasingly embracing a scenario of low inflation and interest rates accompanying a sharp economic recovery. But this rosy vision could quickly vaporize if all the liquidity injected into the financial system starts driving up prices.
 
Overheated Oil Prices May Threaten Economic Recovery 
With crude oil prices sloshing around at $85 a barrel, a new reality may be setting in that could threaten the recoveries of the world’s major economies, according to the International Energy Agency’s monthly oil market report, which was released Tuesday.
 
Bernanke’s Exit Plan May Fall Through the Gap
What is it that no one can see, hear, smell, taste or touch, yet everyone knows is there? Answer: the output gap. In common parlance, the output gap is the difference between what the economy can produce and what it is producing at any given time. The fact that we can’t measure the first with any degree of accuracy and are still revising the second 30 years after the fact has never shaken the faith of those relying on the output gap to gauge future inflation.
 
What do Social Security and Madoff have in common?
To support the notion that Social Security resembles a pyramid scheme, I compared the SSA and the Madoff fraud case. Here’s where they share common ground:
 
U.S. reverses stance on treaty to regulate arms trade
The United States reversed policy on Wednesday and said it would back launching talks on a treaty to regulate arms sales as long as the talks operated by consensus, a stance critics said gave every nation a veto.
 
Small Businesses React to the Health Care Reform Bill
In 2014, organizations that have 50 or more employees and do not provide affordable health coverage to employees could face penalties of up to $2,000 per full-time employee. “It is a mistake to think the health care bill will only affect individuals making over $250,000 annually. “Additionally, the 40% excise tax amount is assessed on insurance companies if their premiums exceed $10,200 for individuals and $27,500 for family coverage. It is indexed at a 2% increase in subsequent years. Thus, if insurance companies are prevented from passing on costs in the form of higher premiums, then their only other option will be to drive coverage to the least costly area. The family doctor will have been long gone, replaced by under-staffed, over-utilized clinics where waits for elective procedures will be months and years rather than days and weeks. Physicians already discouraged by the high cost of education will continue to suffer a decline of new professionals exacerbating the delivery of timely and quality medical services.”
 
Has Scott Brown turned out to be a blessing in disguise for congressional Democrats?
But barely three months into his tenure, Brown has fallen out of favor with his onetime Tea Party backers, and is starting to looking like something of a silver lining for Democrats. In a no-less symbolic moment, Brown declined an invitation to appear at a Tea Party rally in Boston this week headlined by former Alaska Gov. Sarah Palin.
 
Conservatives in Nevada want Republican Sen. Ensign to quit
Michigan has it’s own Republicans that are hurting the Republican Party in their controversial past and liberal leanings as far as conservatives are concerned! The Michigan Republican Party is in trouble because of these aforementioned types it might let the Democrats take control!
 
Waxman Calls for Baseball Ban on Chewing Tobacco Use
Here they come! What’s next, chewing gum because you might choke on it? This madness by the Socialist left big government has got to stop! Major League Baseball and the players’ union should “take action to end the use of smokeless tobacco by big league players,” said Representative Henry Waxman, chairman of the House Committee on Energy and Commerce, at the start of a hearing today.
 
Obama Not Meeting Americans Expectations on Issues
Americans’ ratings of the job President Barack Obama is doing in three key areas are much less positive than their expectations were for him shortly after he took office. Americans give Obama the best review for protecting the environment and the worst for making America prosperous.
 
Michigan’s Dem. Rep. Stupak announces retirement
Michigan Rep. Bart Stupak Announces His Retirement After Health Care Controversy.
That’s it screw us then leave! Flanked by his wife and other supporters, Stupak said he made the decision within the last 36 hours not to seek a 10th term and he is choosing to step down because he thinks he has achieved his goal of universal health care. I bet he got a nice Cadillac Bonus Plan for his vote for his retirement!
 
Up North Grass Roots verus Michigan GOP Establishment
In 1992 poor decisions made then by a state Republican establishment alienated many of the district’s grass roots “true believers,” opening the door for a former one-term Democrat state Representative, who won and went on to an 18-year Congressional career.
 
“Those who trade liberty for security have neither”   John Adams
 
 
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  1. Week in review « Craig W. Wright

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