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Saturday, February 28, 2009

Slapchop Saturday

I receive tons of requests for links, and today are some links.

It was either that or write about Vince from Slapchop and Shamwow. Not since the "Dude, you're getting a Dell" guy has a fella in commercials needed a good slapchop.

eric aka the Tygrrrr Express

CNBC's Kudlow: Obama Declares War on Investors, Entrepreneurs, Businesses

CNBC's Larry Kudlow asserts that "Obama Declares War on Investors, Entrepreneurs, Businesses" :

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

The Politico brings us responses from bankers to Obama:

The American Bankers Association has a message for the president: Stop talking trash about banks.

In his unofficial State of the Union address Tuesday night, Barack Obama said that it's "unpopular ... to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions."

In a letter to the White House, ABA CEO Edward Yingling says bankers across the country were "disappointed and concerned" with rhetoric like that.

"Mr. President, of the over 8,000 banks in this country, very few ever made a single subprime loan, and they did not engage in the highly leveraged activities that brought down Wall Street firms," Yingling said.

Yingling referred the president to statements made by Rep. Barney Frank (D-Mass.), the powerful chairman of the House Financial Services Committee, in which he said that the toxic mortgage lending that sparked the current crisis was done by mortgage brokers and others not subject to the strict rules that govern commercial banks.

"Mr. President, the failure to distinguish between Wall Street and the thousands of FDIC-insured banks across the country undermines the confidence in our banking industry, the industry which is the foundation on which our economic recovery must be built," Yingling said.

Should be an interesting year ahead.


Tea Parties Make A Splash

(Tea Party in Lansing, Michigan)

The other day we showed some organized events, planned protests against the stimulus bill which is no more than a spendfest, and showed people how to organize their own "Tea Party".

Today we see those parties are in full swing, reported on by major news outlets and happening all across the country, some big, some small and all making a splash against the stimulus bill the Democrats passed through the House, the Senate and Barack Obama signed.

The Christian Science Monitor reports from Atlanta:

Several thousand neopatriots – some shouting “Give me liberty or give me death!” – took to the streets in over 30 US cities Friday, representing what some of them call the beginning of a new conservative counterculture in America.

“The spark has been lit,” says Ben Mihalski, a “house husband” from Cobb County, Ga., one of at least 300 protesters who gathered in a hefty downpour outside the Georgia Capitol on Friday to protest what they see as profligate spending by Washington.

Protesters with sign-slogans like “Pillage and plunder: At least the Vikings did it openly” fanned out across capitols and courthouses in cities from Nashville, Tenn., to Los Angeles, objecting to bailouts and policy changes since the inauguration of President Obama.

The Tea Party USA movement also added some symbolic flourish, vowing to gather tens of thousands of tea bags to be dumped on the floor of the US Congress. In Atlanta, the brand was Luzianne.

Critics call the protests a predictably partisan, ill-informed and unhelpful development in the midst of a deep-sink US recession.

But the largely grassroots show of force hints at a sharpening thorn for Democrats and a potential powder keg that could threaten to blow ahead of the 2010 congressional elections.

(Sign from the Tea Party held outside the White House)

Lots of photos and news links provided by Instapundit, so head over and see.

Via Twitter, Flickr, YouTube, etc... it seems news is springing up all over the Internet about these organized rallies.

More reactions and plenty of other links to stories, photos and such can be found at Memeorandum.

Update: Malkin has great reader photos as well, head over and read some of the emails from those that attended.

HEADS UP for Sunday!

This just in from CJ::

Navy veteran Michael Kuhn of Ocala, Florida, is brain injured and receives care at the VA medical facility in Tampa, Florida. He will participate in the Tampa Gasparilla Marathon on Sunday March 1, 2009 as an ambassador for the AFF and the WWP. Marc Reed (Veteran USMC) from SRI St. Petersburg will push Michael, in his wheelchair, all the way to the finish line to help raise awareness for America’s veterans.

There will be a bunch of troop supporters at the finish line cheering these guys on with their accomplishment. Please get the word out to your organizations, families, and friends if they can be there or are nearby. I know it’s short notice. If you’d like more information about linking up, contact Tampa Area Marine Parents Assoc., Inc. President and Executive Director Cyd Deathe at Cyd is also the mother of a wounded warrior herself.

Veteran Marine Pushes Wounded Warrior (in his wheelchair) In Marathon
Any questions? Go ask CJ on here.

Friday, February 27, 2009

Pelosi and Reid vs Obama: Trouble In Paradise?

A couple articles caught my attention this morning, regarding Nancy Pelosi, speaker of the House and Harry Reid, Senate majority leader, both opposing Barack Obama on certain issues.

First from The Politico:

But on Iraq and other high-profile issues that matter to her, aides say Pelosi has no intention of holding her tongue when she thinks Obama is wrong.

And she’s not alone.

While Newt Gingrich complained that Tuesday’s night unofficial State of the Union looked like a “Democratic pep rally,” the aftermath has looked more like a sibling rivalry.

On Wednesday morning, Sen. Robert C. Byrd (D-W.Va.) — the longest-serving member of the Senate — accused Obama of trying to steal power from Congress by appointing White House “czars” to handle issues that would otherwise be handled by departments subject to congressional oversight.

On Wednesday night, Pelosi made it clear to MSNBC’s Rachel Maddow that she wasn’t happy with Obama’s plan to leave 50,000 U.S. troops in Iraq and that, unlike Obama, she “absolutely” favors criminal prosecutions for any Bush administration officials involved in torture or other excesses in the fight against terrorism.

On Thursday, Pelosi said she’d move “faster” than Obama is to roll back Bush-era tax cuts. Senate Majority Leader Harry Reid and Senate Democratic Caucus Vice Chairman Charles Schumer joined Pelosi’s critique of Obama’s plan to leave. Reid urged Obama not to push too hard to eliminate congressional earmarks. And Democratic Rep. Gene Taylor of Mississippi took a shot at Obama’s budget, saying “change is not running up even bigger deficits that George Bush did.”

The article goes on to assure people the congressional Democrats are not in any type of open revolt, but the headline makes it clear that Pelosi is prepared to go head to head, or toe to toe, with Obama.

The Hill
article, shows that Harry Reid joins Nancy Pelosi in opposing yet another initiative from Obama:

Senate Majority Leader Harry Reid (D-Nev.) will join House Speaker Nancy Pelosi (D-Calif.) in opposing any effort to revive the 1994 assault-weapons ban, putting them on the opposite side of the Obama administration.

Reid spokesman Jim Manley said the Nevada Democrat will preserve his traditional pro-gun rights voting record.

"Sen. Reid would oppose an effort [to] reinstate the ban if the Senate were to vote on it in the future," Manley told The Hill in an e-mail late Thursday night.

It was not immediately clear whether Reid would block the bill from the Senate, but his opposition casts serious doubt on its chances. Also, Manley noted that Reid voted against the ban in 1994 and again when it expired in 2004.

Reid's stance joins him with Pelosi, who told reporters Thursday that the administration had not checked with her before Attorney General Eric Holder told reporters the administration would attempt to reinstate the ban. Pelosi gave a flat “no” when asked if she had spoken to Holder or any other administration officials about the issue.

It looks like Obama is about to find out that he can only get things done from the White House if the Congress and the Senate agree with him, otherwise he is spinning his wheels.

They already grouped together on the stimulus bill that won't do much, if anything, to actually stimulate the economy and now we see that Pelosi and Reid and flexing their muscles and giving Obama clue as to how politics in Washington really works.

The trouble in paradise is just beginning.


Meeting Governor Mitt Romney

I met and got to speak with Governor Mitt Romney the other day.

As always, he was fabulous.

eric aka the Tygrrrr Express

John Bolton At CPAC

John Bolton, former UN Ambassador, made some comments at the CPAC (Conservative Political Action Conference)that has the left, once again, up in arms.

"The fact is on foreign policy I don't think President Obama thinks it's a priority," said Bolton. "He said during the campaign he thought Iran was a tiny threat. Tiny, tiny depending on how many nuclear weapons they are ultimately able to deliver on target. Its, uh, its tiny compared to the Soviet Union, but is the loss of one American city" – here Bolton shrugged his shoulders impishly – "pick one at random – Chicago – is that a tiny threat?"

Evidently, from the piece done about this, the room erupted in laughter after he said that.

Video of his comments at YouTube and shown below:

It is obvious that Bolton was not suggesting Chicago be nuked, nor advocating doing so, but was simply using Chicago as an example.

Yet, the left in typical fashion headlines with things like "John Bolton jokes about nuking Chicago, entire CPAC audience erupts in laughter" and "John Bolton at CPAC: The Benefits of Nuking Chicago," and even this not-so-brght headline from Americablog "Bush UN ambassador jokes about nuking Chicago since Obama is from there."

The audience seemed to have a sense of humor about the whole thing, which makes one wonder if liberals ever have a sense of humor at all and if they understand what the word humor even means.


Thursday, February 26, 2009

Texas Gov. Perry Asks for Troops

By Barbara Sowell

The escalating border violence has prompted Texas Governor Rick Perry to ask for troops to guard the border. This week Juárez Mayor Jose Reyes Ferriz moved his family to El Paso for safety.

Yesterday the El Paso Times reported that Texas Governor Rick Perry is asking for 1,000 troops to guard the Texas-Mexico border. Perry is also asking the Texas state legislature for $135 million for border security.

The Mexican National Commission of Human Rights has reported that organized crime has killed more than 10,000 people in Mexico since 2007!

According to Tuesday's  El Paso Times, El Paso police are investigating the possibility that elements of the Juárez drug cartel may cross the border into the United States to come after Juárez Mayor Jose Reyes Ferriz and his family.

El Paso police Detective Carlos Carrillo said Monday.

We received information that the Juárez mayor lives in El Paso, and that possibly they were going to come to El Paso to get him," Carrillo said. "He has not asked us for our help, but it's our duty to protect any resident of our city who may be under threat."

Mexican authorities are investigating the killing of a bodyguard of Chihuahua Gov. Jose Reyes Baeza. Two other Baeza bodyguards were also wounded and all of the bodyguards were members of the Chihuahua state police.

Juárez city official Guillermo Dowell said the violence in Juárez and Chihuahua state is comparable to what occurred in Ireland and Iraq, "where people were killed not because of what they did or failed to do, but to plant terror in a city and its authorities."

My Interview With Governor Mark Sanford

I interviewed Governor Mark Sanford in Sacramento the other day. It was a round table discussion that was quite substantive.

eric aka the Tygrrrr Express

House Passes Omnibus Spending Bill

The other day we showed you some of the most egregious earmarks and pork in the $410 billion omnibus bill and today's news shows the House passed the Omnibus Appropriations Act, 2009 with a vote of 245-to-178, roll call found here.

The New York Post points out more pork stuffed into this bill:

Among the recipients of federal largesse is the Polynesian Voyaging Society of Honolulu, which got a $238,000 "earmark" in the bill.

The group organizes sea voyages in ancient-style sailing canoes like the ones that first brought settlers to Hawaii.

The sailing club has a powerful wind at its back in the person of Sen. Daniel Inouye (D-Hawaii), the chairman of the Senate Appropriations Committee.

The bill also has a whopping 8 percent increase over last year for the numerous federal agencies it funds.

New York got its share of earmarks, among them $475,000 to "improve and expand" the Italian American Museum in Little Italy.

The project was pushed by New York Reps. Gary Ackerman and Jerrold Nadler. The latter touted it, among other earmarks, on his Web site.

Nadler also announced $4.5 million for new park development in Manhattan.

Uncle Sam's generosity extends upstate, where there's $950,000 to convert a railroad bridge over the Hudson River into a walkway in Poughkeepsie.

Earmarks totaled at least $3.8 billion - a figure used by the House Appropriations Committee.

But the watchdog group Taxpayers for Common Sense calculates that there are an astonishing 8,570 earmarks at a cost of $7.7 billion.

The bill, which critics slammed as larded with pork, has big bucks to combat putrid stenches in the heartland, with $1.7 million for "Swine Odor and Manure Management Research."

That's on top of $1.9 million in each of the last two years, or nearly $6 million over the last three years.

The swine research center, at Iowa State University in Ames, got funds through the Agricultural Research Service, and aims to improve the smell of animals and the lagoons where waste is stored.

There's funding for mosquito trapping in Gainesville, Fla. - requested by Rep. Rosa DeLauro of Connecticut. The research deals with the West Nile virus, and was funded at $1.2 million in each of the last two years.

Isn't it amazing how our politicians vote to spend tax payer dollars?

Better yet, CQ Politics is quick to point out that Barack Obama, who promised not to seek any earmarks, has some pork of his own in this bill.

President Obama, who took a no-earmark pledge on the campaign trail, is listed as one of dozens of cosponsors of a $7.7 million set-aside in the fiscal 2009 omnibus spending bill (HR 1105) passed by the House on Wednesday.

The bill is an accumulation of leftovers from 2008 — spending measures that weren’t enacted before the 110th Congress expired. Lawmakers who wanted money for local projects in those bills were required to submit their requests many months ago, while Obama was still a senator. It’s moving through Congress now because a temporary extension of funds to run the government will run out after March 6.

Obama’s name jumps out on a list of many earmark cosponsors because he and his staff have been so emphatic about his no-earmark stance.

“I think you can take one sign of the president’s seriousness on this that there aren’t any from him that I know of in that omnibus largely because there weren’t any that were requested last year,” White House press secretary Robert Gibbs said Wednesday.

The $7.7 million earmark — for Tribally Controlled Postsecondary Vocational Institutions — is cosponsored by a long list of other members of both chambers. The program appeared in Senate report language last year but its sponsors were not identified at that time.

Overall, the president, vice president, the White House chief of staff and the four Cabinet secretaries who were in Congress last year show up in the records of the House and Senate Appropriations committees as the sponsors or cosponsors of hundreds of millions of dollars in pet projects in the $410 billion spending bill.

It would be amusing if they were only spending their own money, not so much when they are spending yours too huh?


American Honor Run

Honoring Staff Sgt May Jr. KIA 3/25/03

On September 5, 2009 the 1st Marine Division Association and Chapter 785 of the Vietnam Veterans of America will be holding the first annual "American Honor Run" to raise money for the Construction of a Fisher House, Support of the Intrepid Foundation and to provide scholarships for the son’s and daughter’s of those who have given everything for our freedom. For more information contact or visit

This month’s featured hero is the fine young Marine in the photo [above]. The run will be dedicated to the memory of one new hero every month to insure we remember all they have given for all of us.
Donald C. May Jr. always wanted to be a Marine.
His mother, Brenda R. May, of Chesterfield County, was a Marine. His father, Donald C. May Sr., was awarded a Bronze Star, two Purple Hearts and the Navy Cross for his service as a Marine in Vietnam.
Staff Sergeant May, United States Marine Corps, Unit: 1st Marine Division was 31 years of age when he died defending our freedom. The tank he was commanding plunged off a bridge as it was crossing the Euphrates River. It was later found upside down and under water. According to his mother, another proud Marine, her son and his crew disappeared during a sandstorm that swept over Iraq as U.S. forces advanced toward Baghdad. SSGT May's Memorial Web page can be found at
Staff Sgt May left behind a wife and three beautiful children.

Please make a donation NOW to help us honor the memory of Staff Sgt May Jr. and to show his family how much you care. His legacy of service will continue forever helping those members of our armed forces who so desperately need our support. Join us on 5 September 2009, in Oceanside, California, for the California Honor Run, dedicated to the memory of Staff Sgt. Donald May Jr.: a fine example of "The Few, the Proud, The Marines."

Donating through this website is simple, fast and totally secure. It is also the most efficient way to support my fundraising efforts.

Many thanks for your support and Semper Fi. (here)

This is such an important project, which only goes some small way to showing our heroes - and their precious families - that we support them. Don's wife, Deb, is raising their three children:

JACKSONVILLE, N.C. — In a Marine bar near Camp Lejeune, a blond woman handed a beer to the man drinking black coffee. She liked his Irish accent, which he admitted was phony, and his smile, which was genuine. It was the same big grin that blazed out of so many childhood photographs in which the crew-cut youth dressed like the Marine he since had become.

The love affair of Deborah and Donald May began in September 1999 as a happy collision of two hearts. It ended March 25, 2003, during the first days of the Iraq war, when the tank commanded by Staff Sgt. May, 31, plunged into the Euphrates River and sank to the bottom. He and his three tankmates drowned, trapped inside.

In less than four years together, the Mays had married, moved to the Marine base at Twentynine Palms, Calif., had two sons and were raising Deborah's daughter from her first marriage. Their talk, their letters, were filled with life and love....(USA Today here)

Don has three beautiful children--- Mariah, Jack, and Will. Mariah has so many memories of Don...he would walk her to the bus stop every chance he got, he would tease her endlessly, and tuck her into bed using his special "Daddy" technique. She talks about him with a big smile on her face, "Remember when Daddy......" Jack is a Mini-May. So very much like Don in his easy going nature. And he has that same "I can smile and get away with anything" attitude. And Will....never seen by Don here on Earth....has Don's eyes. He is the only one of the children that has Don's beautiful blue-green eyes. The children will forever be a reminder of Don and his easy-going spirit and love. We love you too much Don.... (source)

In the photos are Staff Sgt. May's three children: Mariah, Jack, and Will (who was born two months after his father's death.) (photos courtesy Fallen Heroes Memorial here)

Please check out the links to the American Honor Run and do whatever you can to support Staff Sgt May's family. Thank you.

Semper Fi, Marine.

Wednesday, February 25, 2009

It's the stock market, Mr. President

Obama speaks, the market tanks.

He doesn't get it. Bashing Wall Street, CEOs and "the rich," is what hurts us all.

Also, his speeches may fool the sycophants, but it does not fool Wall Street.

eric aka the Tygrrrr Express

The Tea Party Movement

Late on this one but the "Anti-stimulus "Tea Party" movement seems to have grown considerably since I first heard of it, so, without further ado, let us take a look at what is going on around the country.

I received yet another email today, referring to the "Tea Party", so to explain concisely, here is a bit of that email:

Last week you may have seen or perhaps heard about CNBC’s Rick Santelli and his report from the floor of the Chicago Mercantile Exchange, ground zero for American capitalism and free market commerce, where he called for a “Taxpayer Tea Party” in the wake of efforts to enact a new, multi-billion dollar taxpayer funded housing bailout.

If you are like me, you stood up and cheered.

Rick was channeling what so many limited government advocates have been feeling now for a long time when it comes to out-of-control spending on the backs of hardworking U.S. taxpayers to reward the irresponsible and the corrupt: enough is enough!

Whether it’s this latest housing bailout bill (the second in less than six months), a bailout for the auto-industry or failed banks, the more than $1 trillion sham of a “stimulus” bill, or the $400 billion omnibus spending bill that Congress is now debating, Americans are sick and tired of their hard-earned money being thrown around. In just the last few weeks, FreedomWorks has been contacted by volunteers within the ranks of our own membership (a nationwide network of hundreds of thousands of activists) that want to take to the streets in mass protest to this big government bonanza.

And FreedomWorks is answering the call with a new website, True to its name, the site features the video of Rick on the floor of the Chicago Exchange and seeks to enlist those concerned taxpayers who want to go to the Taxpayer Tea Party that he talked about this summer in Chicago. In addition, FreedomWorks is also helping to organize other tea party protests in cities around the country. Currently, we have events planned in Chicago, Washington, DC, Atlanta, Philadelphia, Fort Myers, Orlando, Greenville, SC and cities across North Carolina.

We need your help to make these events a success. Go to, sign up and select one or more of the tea parties that you would like to attend or help us to organize.

So, I checked out the "IamWithRick" site and see their message is:

No one has said it better than Rick Santelli of CNBC when, on the floor of the Chicago Exchange, ground zero for American capitalism and free market commerce, he called for a “Taxpayer Tea Party” in the wake of efforts to enact a new, multi-billion dollar taxpayer funded housing bailout.

In the new Obama Administration the bailout train continues to run full steam towards the destruction of our American capitalist system and ultimately to outright socialism. It must be stopped!

FreedomWorks and others in the limited government community stand with Rick and want to make this modern day taxpayer revolt a reality. Will you join us? Sign up for this event using the form below. If you would like help organizing a protest in a city that is not listed, please contact us.

The interesting part about that site is the amount of locations you can sign up for, and the encouragement for more people to have their own "Tea Party."

Fort Myers, FL - Feb. 27, 11:00am - 1:30pm, Bowditch Point Park

Denver, CO - Feb. 27, 10:00am, Colorado State Capitol Building - 200 E. Colfax Ave, EAST side steps

Saint Louis, MO - Friday, February 27th, 11:00am - 12:00pm, The Steps of the Arch on Wharf Street

Los Angeles, CA - Saturday, July 4th, Santa Monica Pier, 7:00am-12:00pm

Boston, MA - Saturday, July 4th, 12:00pm, Griffin Harbor

Chicago, IL - July 4th, 7:00pm, Belmont Harbor, Lakeshore Drive

Vancouver, WA - April 18th, Lawn of Clark County Courthouse, 11am to 1pm

Kansas City, MO - Saturday, Feb. 28th, 10:00am - 2:00pm, J.C. Nichols Foundation, 47th and J.C. Nichols Parkway

Philadelphia, PA - Saturday, Feb. 28th, 12:00pm, Independence Hall

Orlando, FL - Feb. 27th, 12:00pm-2:00pm, Lake Eola

Cleveland, OH - February 27, 2009, 12:00pm - 1:00pm, Public Square in Downtown Cleveland

Tulsa, OK - Feb. 27, 2009, 12:00pm - 1:00pm, Veterans Park, 21st and Boulder

Greenville, SC - Feb. 27th, Main Street, 6:00pm

San Diego, CA - Feb. 27th, The harbor (just north of the Star of India), 9:00am

Pittsburgh, PA - Feb. 27th, 2009 , 12pm - 1pm, Market Square

Fort Worth, TX - Feb. 27th, The outside stage at The Cowtown Bar & Grill, 7108 Camp Bowie Blvd, 3:00pm - 7:00pm

Houston, TX - Feb. 27th, 11:00am, Fondren Green at Discovery Green Park, (in front of the amphitheater)

Atlanta, GA - Friday, Feb. 27th, State Capitol (Washington Street exit), 12:00pm

Chicago, IL - Friday, Feb. 27th, 11:00am central, Daley Plaza

Washington, DC - Friday, Feb. 27th, 12:00pm, Washington Monument

Tampa, FL - Fri. Feb 27, Noon, Federal Courthouse, 801 N Florida Ave Tampa 33602

Sarasota, FL - Fri. Feb. 27, noon, Sarasota Island Park and Marina, Bayfront (41) and Ringling

You can sign up for one of them at the link above.

FreedomWorks also has a page to show you how to organize your very own "Tea Party" and offers to help if needed.

Couldn't resist doing a search and found Michelle Malkin, on the 21st, bringing more updates on this growing movement.

Also found a piece in Investors Business News, called "Anti-Stimulus Protests Sprout Up."

Holding signs reading "Stimulate Business, Not Government," "Families Against Porkulus" and "Say No To Generational Theft," protesters opposed to the $787 billion stimulus package have been mobilizing across the country.

It started last Monday in Seattle, then moved Tuesday to Denver, where President Obama signed the stimulus bill into law. That was followed by another one in Mesa, Ariz., where Obama unveiled a mortgage rescue plan.

Another protest was planned for Saturday outside the office of Rep. Dennis Moore in Overland Park, Kan. The Democrat voted for the stimulus. His office didn't return calls seeking comment.

Today Instapundit points out that this whole thing has gone viral, and he offers a poll, go on over and vote in it, weigh in.

World Net Daily has quite a few more links and information about it.

Looks like there are far more Rick Santelli type people around and they have decided to organize.


Text-Video of Obama Speech and GOP Response by Jindal

Video of Barack Obama's speech last night is below, under that will be the full text and beneath that will be Louisiana Governor Bobby Jindal's Republican response.

H/T to LA Times' Top of the Ticket, here and here.


Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States:

I've come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who sent us here.

I know that for many Americans watching right now, the state of our economy is a concern that rises above all others. And rightly so. If you haven't been personally affected by this recession, you probably know someone who has - a friend; a neighbor; a member of your family. You don't need to hear another list of statistics to know that our economy is in crisis, because you live it every day. It's the worry you wake up with and the source of sleepless nights. It's the job you thought you'd retire from but now have lost; the business you built your dreams upon that's now hanging by a thread; the college acceptance letter your child had to put back in the envelope. The impact of this recession is real, and it is everywhere.

But while our economy may be weakened and our confidence shaken; though we are living through difficult and uncertain times, tonight I want every American to know this:

We will rebuild, we will recover, and the United States of America will emerge stronger than before.

The weight of this crisis will not determine the destiny of this nation. The answers to our problems don't lie beyond our reach. They exist in our laboratories and universities; in our fields and our factories; in the imaginations of our entrepreneurs and the pride of the hardest-working people on Earth. Those qualities that have made America the greatest force of progress and prosperity in human history we still possess in ample measure. What is required now is for this country to pull together, confront boldly the challenges we face, and take responsibility for our future once more.

Now, if we're honest with ourselves, we'll admit that for too long, we have not always met these responsibilities - as a government or as a people. I say this not to lay blame or look backwards, but because it is only by understanding how we arrived at this moment that we'll be able to lift ourselves out of this predicament.

The fact is, our economy did not fall into decline overnight. Nor did all of our problems begin when the housing market collapsed or the stock market sank. We have known for decades that our survival depends on finding new sources of energy. Yet we import more oil today than ever before. The cost of health care eats up more and more of our savings each year, yet we keep delaying reform. Our children will compete for jobs in a global economy that too many of our schools do not prepare them for. And though all these challenges went unsolved, we still managed to spend more money and pile up more debt, both as individuals and through our government, than ever before.

In other words, we have lived through an era where too often, short-term gains were prized over long-term prosperity; where we failed to look beyond the next payment, the next quarter, or the next election. A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future. Regulations were gutted for the sake of a quick profit at the expense of a healthy market. People bought homes they knew they couldn't afford from banks and lenders who pushed those bad loans anyway. And all the while, critical debates and difficult decisions were put off for some other time on some other day.

Well that day of reckoning has arrived, and the time to take charge of our future is here.

Now is the time to act boldly and wisely - to not only revive this economy, but to build a new foundation for lasting prosperity. Now is the time to jumpstart job creation, re-start lending, and invest in areas like energy, health care, and education that will grow our economy, even as we make hard choices to bring our deficit down. That is what my economic agenda is designed to do, and that's what I'd like to talk to you about tonight.

It's an agenda that begins with jobs.

As soon as I took office, I asked this Congress to send me a recovery plan by President's Day that would put people back to work and put money in their pockets. Not because I believe in bigger government - I don't. Not because I'm not mindful of the massive debt we've inherited - I am. I called for action because the failure to do so would have cost more jobs and caused more hardships. In fact, a failure to act would have worsened our long-term deficit by assuring weak economic growth for years. That's why I pushed for quick action. And tonight, I am grateful that this Congress delivered, and pleased to say that the American Recovery and Reinvestment Act is now law.

Over the next two years, this plan will save or create 3.5 million jobs. More than 90% of these jobs will be in the private sector - jobs rebuilding our roads and bridges; constructing wind turbines and solar panels; laying broadband and expanding mass transit.

Because of this plan, there are teachers who can now keep their jobs and educate our kids. Health care professionals can continue caring for our sick. There are 57 police officers who are still on the streets of Minneapolis tonight because this plan prevented the layoffs their department was about to make.

Because of this plan, 95% of the working households in America will receive a tax cut - a tax cut that you will see in your paychecks beginning on April 1st.

Because of this plan, families who are struggling to pay tuition costs will receive a $2,500 tax credit for all four years of college. And Americans who have lost their jobs in this recession will be able to receive extended unemployment benefits and continued health care coverage to help them weather this storm.

I know there are some in this chamber and watching at home who are skeptical of whether this plan will work. I understand that skepticism. Here in Washington, we've all seen how quickly good intentions can turn into broken promises and wasteful spending. And with a plan of this scale comes enormous responsibility to get it right.

That is why I have asked Vice President Biden to lead a tough, unprecedented oversight effort - because nobody messes with Joe. I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend. I have appointed a proven and aggressive Inspector General to ferret out any and all cases of waste and fraud. And we have created a new website called so that every American can find out how and where their money is being spent.

So the recovery plan we passed is the first step in getting our economy back on track. But it is just the first step. Because even if we manage this plan flawlessly, there will be no real recovery unless we clean up the credit crisis that has severely weakened our financial system.

I want to speak plainly and candidly about this issue tonight, because every American should know that it directly affects you and your family's well-being. You should also know that the money you've deposited in banks across the country is safe; your insurance is secure; and you can rely on the continued operation of our financial system. That is not the source of concern.

The concern is that if we do not re-start lending in this country, our recovery will be choked off before it even begins.

You see, the flow of credit is the lifeblood of our economy. The ability to get a loan is how you finance the purchase of everything from a home to a car to a college education; how stores stock their shelves, farms buy equipment, and businesses make payroll.

But credit has stopped flowing the way it should. Too many bad loans from the housing crisis have made their way onto the books of too many banks. With so much debt and so little confidence, these banks are now fearful of lending out any more money to households, to businesses, or to each other. When there is no lending, families can't afford to buy homes or cars. So businesses are forced to make layoffs. Our economy suffers even more, and credit dries up even further.

That is why this administration is moving swiftly and aggressively to break this destructive cycle, restore confidence, and re-start lending.

We will do so in several ways. First, we are creating a new lending fund that represents the largest effort ever to help provide auto loans, college loans, and small business loans to the consumers and entrepreneurs who keep this economy running.

Second, we have launched a housing plan that will help responsible families facing the threat of foreclosure lower their monthly payments and re-finance their mortgages. It's a plan that won't help speculators or that neighbor down the street who bought a house he could never hope to afford, but it will help millions of Americans who are struggling with declining home values - Americans who will now be able to take advantage of the lower interest rates that this plan has already helped bring about. In fact, the average family who re-finances today can save nearly $2000 per year on their mortgage.

Third, we will act with the full force of the federal government to ensure that the major banks that Americans depend on have enough confidence and enough money to lend even in more difficult times. And when we learn that a major bank has serious problems, we will hold accountable those responsible, force the necessary adjustments, provide the support to clean up their balance sheets, and assure the continuity of a strong, viable institution that can serve our people and our economy.

I understand that on any given day, Wall Street may be more comforted by an approach that gives banks bailouts with no strings attached, and that holds nobody accountable for their reckless decisions. But such an approach won't solve the problem. And our goal is to quicken the day when we re-start lending to the American people and American business and end this crisis once and for all.

I intend to hold these banks fully accountable for the assistance they receive, and this time, they will have to clearly demonstrate how taxpayer dollars result in more lending for the American taxpayer. This time, CEOs won't be able to use taxpayer money to pad their paychecks or buy fancy drapes or disappear on a private jet. Those days are over.

Still, this plan will require significant resources from the federal government - and yes, probably more than we've already set aside. But while the cost of action will be great, I can assure you that the cost of inaction will be far greater, for it could result in an economy that sputters along for not months or years, but perhaps a decade. That would be worse for our deficit, worse for business, worse for you, and worse for the next generation. And I refuse to let that happen.

I understand that when the last administration asked this Congress to provide assistance for struggling banks, Democrats and Republicans alike were infuriated by the mismanagement and results that followed. So were the American taxpayers. So was I.

So I know how unpopular it is to be seen as helping banks right now, especially when everyone is suffering in part from their bad decisions. I promise you - I get it.

But I also know that in a time of crisis, we cannot afford to govern out of anger, or yield to the politics of the moment. My job - our job - is to solve the problem. Our job is to govern with a sense of responsibility. I will not spend a single penny for the purpose of rewarding a single Wall Street executive, but I will do whatever it takes to help the small business that can't pay its workers or the family that has saved and still can't get a mortgage.

That's what this is about. It's not about helping banks - it's about helping people. Because when credit is available again, that young family can finally buy a new home. And then some company will hire workers to build it. And then those workers will have money to spend, and if they can get a loan too, maybe they'll finally buy that car, or open their own business. Investors will return to the market, and American families will see their retirement secured once more. Slowly, but surely, confidence will return, and our economy will recover.

So I ask this Congress to join me in doing whatever proves necessary. Because we cannot consign our nation to an open-ended recession. And to ensure that a crisis of this magnitude never happens again, I ask Congress to move quickly on legislation that will finally reform our outdated regulatory system. It is time to put in place tough, new common-sense rules of the road so that our financial market rewards drive and innovation, and punishes short-cuts and abuse.

The recovery plan and the financial stability plan are the immediate steps we're taking to revive our economy in the short-term. But the only way to fully restore America's economic strength is to make the long-term investments that will lead to new jobs, new industries, and a renewed ability to compete with the rest of the world. The only way this century will be another American century is if we confront at last the price of our dependence on oil and the high cost of health care; the schools that aren't preparing our children and the mountain of debt they stand to inherit. That is our responsibility.

In the next few days, I will submit a budget to Congress. So often, we have come to view these documents as simply numbers on a page or laundry lists of programs. I see this document differently. I see it as a vision for America - as a blueprint for our future.

My budget does not attempt to solve every problem or address every issue. It reflects the stark reality of what we've inherited - a trillion dollar deficit, a financial crisis, and a costly recession.

Given these realities, everyone in this chamber - Democrats and Republicans - will have to sacrifice some worthy priorities for which there are no dollars. And that includes me.

But that does not mean we can afford to ignore our long-term challenges. I reject the view that says our problems will simply take care of themselves; that says government has no role in laying the foundation for our common prosperity.

For history tells a different story. History reminds us that at every moment of economic upheaval and transformation, this nation has responded with bold action and big ideas. In the midst of civil war, we laid railroad tracks from one coast to another that spurred commerce and industry. From the turmoil of the Industrial Revolution came a system of public high schools that prepared our citizens for a new age. In the wake of war and depression, the GI Bill sent a generation to college and created the largest middle-class in history. And a twilight struggle for freedom led to a nation of highways, an American on the moon, and an explosion of technology that still shapes our world.

In each case, government didn't supplant private enterprise; it catalyzed private enterprise. It created the conditions for thousands of entrepreneurs and new businesses to adapt and to thrive.

We are a nation that has seen promise amid peril, and claimed opportunity from ordeal. Now we must be that nation again. That is why, even as it cuts back on the programs we don't need, the budget I submit will invest in the three areas that are absolutely critical to our economic future: energy, health care, and education.

It begins with energy.

We know the country that harnesses the power of clean, renewable energy will lead the 21st century. And yet, it is China that has launched the largest effort in history to make their economy energy efficient. We invented solar technology, but we've fallen behind countries like Germany and Japan in producing it. New plug-in hybrids roll off our assembly lines, but they will run on batteries made in Korea.

Well I do not accept a future where the jobs and industries of tomorrow take root beyond our borders - and I know you don't either. It is time for America to lead again.

Thanks to our recovery plan, we will double this nation's supply of renewable energy in the next three years. We have also made the largest investment in basic research funding in American history - an investment that will spur not only new discoveries in energy, but breakthroughs in medicine, science, and technology.

We will soon lay down thousands of miles of power lines that can carry new energy to cities and towns across this country. And we will put Americans to work making our homes and buildings more efficient so that we can save billions of dollars on our energy bills.

But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy. So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America. And to support that innovation, we will invest fifteen billion dollars a year to develop technologies like wind power and solar power; advanced biofuels, clean coal, and more fuel-efficient cars and trucks built right here in America.

As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices. But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win. Millions of jobs depend on it. Scores of communities depend on it. And I believe the nation that invented the automobile cannot walk away from it.

None of this will come without cost, nor will it be easy. But this is America. We don't do what's easy. We do what is necessary to move this country forward.

For that same reason, we must also address the crushing cost of health care.

This is a cost that now causes a bankruptcy in America every thirty seconds. By the end of the year, it could cause 1.5 million Americans to lose their homes. In the last eight years, premiums have grown four times faster than wages. And in each of these years, one million more Americans have lost their health insurance. It is one of the major reasons why small businesses close their doors and corporations ship jobs overseas. And it's one of the largest and fastest-growing parts of our budget.

Given these facts, we can no longer afford to put health care reform on hold.

Already, we have done more to advance the cause of health care reform in the last thirty days than we have in the last decade. When it was days old, this Congress passed a law to provide and protect health insurance for eleven million American children whose parents work full-time. Our recovery plan will invest in electronic health records and new technology that will reduce errors, bring down costs, ensure privacy, and save lives. It will launch a new effort to conquer a disease that has touched the life of nearly every American by seeking a cure for cancer in our time. And it makes the largest investment ever in preventive care, because that is one of the best ways to keep our people healthy and our costs under control.

This budget builds on these reforms. It includes an historic commitment to comprehensive health care reform - a down-payment on the principle that we must have quality, affordable health care for every American. It's a commitment that's paid for in part by efficiencies in our system that are long overdue. And it's a step we must take if we hope to bring down our deficit in the years to come.

Now, there will be many different opinions and ideas about how to achieve reform, and that is why I'm bringing together businesses and workers, doctors and health care providers, Democrats and Republicans to begin work on this issue next week.

I suffer no illusions that this will be an easy process. It will be hard. But I also know that nearly a century after Teddy Roosevelt first called for reform, the cost of our health care has weighed down our economy and the conscience of our nation long enough. So let there be no doubt: health care reform cannot wait, it must not wait, and it will not wait another year.

The third challenge we must address is the urgent need to expand the promise of education in America.

In a global economy where the most valuable skill you can sell is your knowledge, a good education is no longer just a pathway to opportunity - it is a pre-requisite.

Right now, three-quarters of the fastest-growing occupations require more than a high school diploma. And yet, just over half of our citizens have that level of education. We have one of the highest high school dropout rates of any industrialized nation. And half of the students who begin college never finish.

This is a prescription for economic decline, because we know the countries that out-teach us today will out-compete us tomorrow. That is why it will be the goal of this administration to ensure that every child has access to a complete and competitive education - from the day they are born to the day they begin a career.

Already, we have made an historic investment in education through the economic recovery plan. We have dramatically expanded early childhood education and will continue to improve its quality, because we know that the most formative learning comes in those first years of life. We have made college affordable for nearly seven million more students. And we have provided the resources necessary to prevent painful cuts and teacher layoffs that would set back our children's progress.

But we know that our schools don't just need more resources. They need more reform. That is why this budget creates new incentives for teacher performance; pathways for advancement, and rewards for success. We'll invest in innovative programs that are already helping schools meet high standards and close achievement gaps. And we will expand our commitment to charter schools.

It is our responsibility as lawmakers and educators to make this system work. But it is the responsibility of every citizen to participate in it. And so tonight, I ask every American to commit to at least one year or more of higher education or career training. This can be community college or a four-year school; vocational training or an apprenticeship. But whatever the training may be, every American will need to get more than a high school diploma. And dropping out of high school is no longer an option. It's not just quitting on yourself, it's quitting on your country - and this country needs and values the talents of every American. That is why we will provide the support necessary for you to complete college and meet a new goal: by 2020, America will once again have the highest proportion of college graduates in the world.

I know that the price of tuition is higher than ever, which is why if you are willing to volunteer in your neighborhood or give back to your community or serve your country, we will make sure that you can afford a higher education. And to encourage a renewed spirit of national service for this and future generations, I ask this Congress to send me the bipartisan legislation that bears the name of Senator Orrin Hatch as well as an American who has never stopped asking what he can do for his country - Senator Edward Kennedy.

These education policies will open the doors of opportunity for our children. But it is up to us to ensure they walk through them. In the end, there is no program or policy that can substitute for a mother or father who will attend those parent/teacher conferences, or help with homework after dinner, or turn off the TV, put away the video games, and read to their child. I speak to you not just as a President, but as a father when I say that responsibility for our children's education must begin at home.

There is, of course, another responsibility we have to our children. And that is the responsibility to ensure that we do not pass on to them a debt they cannot pay. With the deficit we inherited, the cost of the crisis we face, and the long-term challenges we must meet, it has never been more important to ensure that as our economy recovers, we do what it takes to bring this deficit down.

I'm proud that we passed the recovery plan free of earmarks, and I want to pass a budget next year that ensures that each dollar we spend reflects only our most important national priorities.

Yesterday, I held a fiscal summit where I pledged to cut the deficit in half by the end of my first term in office. My administration has also begun to go line by line through the federal budget in order to eliminate wasteful and ineffective programs. As you can imagine, this is a process that will take some time. But we're starting with the biggest lines. We have already identified two trillion dollars in savings over the next decade.

In this budget, we will end education programs that don't work and end direct payments to large agribusinesses that don't need them. We'll eliminate the no-bid contracts that have wasted billions in Iraq, and reform our defense budget so that we're not paying for Cold War-era weapons systems we don't use. We will root out the waste, fraud, and abuse in our Medicare program that doesn't make our seniors any healthier, and we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.

In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans. But let me perfectly clear, because I know you'll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime. In fact, the recovery plan provides a tax cut - that's right, a tax cut - for 95% of working families. And these checks are on the way.

To preserve our long-term fiscal health, we must also address the growing costs in Medicare and Social Security. Comprehensive health care reform is the best way to strengthen Medicare for years to come. And we must also begin a conversation on how to do the same for Social Security, while creating tax-free universal savings accounts for all Americans.

Finally, because we're also suffering from a deficit of trust, I am committed to restoring a sense of honesty and accountability to our budget. That is why this budget looks ahead ten years and accounts for spending that was left out under the old rules - and for the first time, that includes the full cost of fighting in Iraq and Afghanistan. For seven years, we have been a nation at war. No longer will we hide its price.

We are now carefully reviewing our policies in both wars, and I will soon announce a way forward in Iraq that leaves Iraq to its people and responsibly ends this war.

And with our friends and allies, we will forge a new and comprehensive strategy for Afghanistan and Pakistan to defeat al Qaeda and combat extremism. Because I will not allow terrorists to plot against the American people from safe havens half a world away.

As we meet here tonight, our men and women in uniform stand watch abroad and more are readying to deploy. To each and every one of them, and to the families who bear the quiet burden of their absence, Americans are united in sending one message: we honor your service, we are inspired by your sacrifice, and you have our unyielding support. To relieve the strain on our forces, my budget increases the number of our soldiers and Marines. And to keep our sacred trust with those who serve, we will raise their pay, and give our veterans the expanded health care and benefits that they have earned.

To overcome extremism, we must also be vigilant in upholding the values our troops defend - because there is no force in the world more powerful than the example of America. That is why I have ordered the closing of the detention center at Guantanamo Bay, and will seek swift and certain justice for captured terrorists - because living our values doesn't make us weaker, it makes us safer and it makes us stronger. And that is why I can stand here tonight and say without exception or equivocation that the United States of America does not torture.

In words and deeds, we are showing the world that a new era of engagement has begun. For we know that America cannot meet the threats of this century alone, but the world cannot meet them without America. We cannot shun the negotiating table, nor ignore the foes or forces that could do us harm. We are instead called to move forward with the sense of confidence and candor that serious times demand.

To seek progress toward a secure and lasting peace between Israel and her neighbors, we have appointed an envoy to sustain our effort. To meet the challenges of the 21st century - from terrorism to nuclear proliferation; from pandemic disease to cyber threats to crushing poverty - we will strengthen old alliances, forge new ones, and use all elements of our national power.

And to respond to an economic crisis that is global in scope, we are working with the nations of the G-20 to restore confidence in our financial system, avoid the possibility of escalating protectionism, and spur demand for American goods in markets across the globe. For the world depends on us to have a strong economy, just as our economy depends on the strength of the world's.

As we stand at this crossroads of history, the eyes of all people in all nations are once again upon us - watching to see what we do with this moment; waiting for us to lead.

Those of us gathered here tonight have been called to govern in extraordinary times. It is a tremendous burden, but also a great privilege - one that has been entrusted to few generations of Americans. For in our hands lies the ability to shape our world for good or for ill.

I know that it is easy to lose sight of this truth - to become cynical and doubtful; consumed with the petty and the trivial.

But in my life, I have also learned that hope is found in unlikely places; that inspiration often comes not from those with the most power or celebrity, but from the dreams and aspirations of Americans who are anything but ordinary.

I think about Leonard Abess, the bank president from Miami who reportedly cashed out of his company, took a $60 million bonus, and gave it out to all 399 people who worked for him, plus another 72 who used to work for him. He didn't tell anyone, but when the local newspaper found out, he simply said, ''I knew some of these people since I was 7 years old. I didn't feel right getting the money myself."

I think about Greensburg, Kansas, a town that was completely destroyed by a tornado, but is being rebuilt by its residents as a global example of how clean energy can power an entire community - how it can bring jobs and businesses to a place where piles of bricks and rubble once lay. "The tragedy was terrible," said one of the men who helped them rebuild. "But the folks here know that it also provided an incredible opportunity."

And I think about Ty'Sheoma Bethea, the young girl from that school I visited in Dillon, South Carolina - a place where the ceilings leak, the paint peels off the walls, and they have to stop teaching six times a day because the train barrels by their classroom. She has been told that her school is hopeless, but the other day after class she went to the public library and typed up a letter to the people sitting in this room. She even asked her principal for the money to buy a stamp. The letter asks us for help, and says, "We are just students trying to become lawyers, doctors, congressmen like yourself and one day president, so we can make a change to not just the state of South Carolina but also the world. We are not quitters."

We are not quitters.

These words and these stories tell us something about the spirit of the people who sent us here. They tell us that even in the most trying times, amid the most difficult circumstances, there is a generosity, a resilience, a decency, and a determination that perseveres; a willingness to take responsibility for our future and for posterity.

Their resolve must be our inspiration. Their concerns must be our cause. And we must show them and all our people that we are equal to the task before us.

I know that we haven't agreed on every issue thus far, and there are surely times in the future when we will part ways. But I also know that every American who is sitting here tonight loves this country and wants it to succeed. That must be the starting point for every debate we have in the coming months, and where we return after those debates are done. That is the foundation on which the American people expect us to build common ground.

And if we do - if we come together and lift this nation from the depths of this crisis; if we put our people back to work and restart the engine of our prosperity; if we confront without fear the challenges of our time and summon that enduring spirit of an America that does not quit, then someday years from now our children can tell their children that this was the time when we performed, in the words that are carved into this very chamber, "something worthy to be remembered." Thank you, God Bless you, and may God Bless the United States of America.

Video of Jindal's response below:

Text of Bobby Jindal's response below:

Americans Can Do Anything

Good evening. I'm Bobby Jindal, governor of Louisiana.

Tonight, we witnessed a great moment in the history of our republic. In the very chamber where Congress once voted to abolish slavery, our first African American president stepped forward to address the state of our union. With his speech tonight, the president completed a redemptive journey that took our nation from Independence Hall -- to Gettysburg --to the lunch counter -- and now, finally, the Oval Office.

Regardless of party, all Americans are moved by the president's personal story -- the son of an American mother and a Kenyan father, who grew up to become leader of the free world. Like the president's father, my parents came to this country from a distant land. When they arrived in Baton Rouge, my mother was already 4½ months pregnant. I was what folks in the insurance industry now call a "preexisting condition."

To find work, my dad picked up the yellow pages and started calling local businesses. Even after landing a job, he could still not afford to pay for my delivery -- so he worked out an installment plan with the doctor. Fortunately for me, he never missed a payment.

As I grew up, my mom and dad taught me the values that attracted them to this country -- and they instilled in me an immigrant's wonder at the greatness of America. As a child, I remember going to the grocery store with my dad. Growing up in India, he had seen extreme poverty. And as we walked through the aisles, looking at the endless variety on the shelves, he would tell me: "Bobby, Americans can do anything."

I still believe that to this day. Americans can do anything. When we pull together, there is no challenge we cannot overcome.

As the president made clear this evening, we are now in a time of challenge. Many of you listening tonight have lost jobs. Others have seen your college and retirement savings dwindle. Many of.... are worried about losing your healthcare and your homes. And you are looking to your elected leaders in Washington for solutions.

Republicans are ready to work with the new president to provide those solutions. Here in my state of Louisiana, we don't care what party you belong to if you have good ideas to make life better for our people. We need more of that attitude from both Democrats and Republicans in our nation's capital.

All of us want our economy to recover and our nation to prosper. So where we agree, Republicans must be the president's strongest partners. And where we disagree, Republicans have a responsibility to be candid and offer better ideas for a path forward.

Today in Washington, some are promising that government will rescue us from the economic storms raging all around us. Those of us who lived through Hurricane Katrina, we have our doubts.

Let me tell you a story.

During Katrina, I visited Sheriff Harry Lee, a Democrat and a good friend of mine. When I walked into his makeshift office I'd never seen him so angry. He was yelling into the phone: "Well, I'm the sheriff and if you don't like it you can come and arrest me!" I asked him: "Sheriff, what's got you so mad?" He told me that he had put out a call for volunteers to come with their boats to rescue people who were trapped on their rooftops by the floodwaters.

The boats were all lined up ready to go -- when some bureaucrat showed up and told them they couldn't go out on the water unless they had proof of insurance and registration. I told him, "Sheriff, that's ridiculous." And before I knew it, he was yelling into the phone: "Congressman Jindal is here, and he says you can come and arrest him too!" Harry just told the boaters to ignore the bureaucrats and start rescuing people.

There is a lesson in this experience: The strength of America is not found in our government. It is found in the compassionate hearts and enterprising spirit of our citizens.

We are grateful for the support we have received from across the nation for the ongoing recovery efforts. This spirit got Louisiana through the hurricanes -- and this spirit will get our nation through the storms we face today.

To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and put more money and power in hands of Washington politicians. The way to lead is by empowering you -- the American people. Because we believe that Americans can do anything.

That is why Republicans put forward plans to create jobs by lowering income tax rates for working families, cutting taxes for small businesses, strengthening incentives for businesses to invest in new equipment and hire new workers, and stabilizing home values by creating a new tax credit for home-buyers.

These plans would cost less and create more jobs.

But Democratic leaders in Congress rejected this approach. Instead of trusting us to make wise decisions with our own money, they passed the largest government spending bill in history -- with a price tag of more than $1 trillion with interest.

While some of the projects in the bill make sense, their legislation is larded with wasteful spending. It includes $300 million to buy new cars for the government, $8 billion for high-speed rail projects, such as a "magnetic levitation" line from Las Vegas to Disneyland, and $140 million for something called "volcano monitoring." Instead of monitoring volcanoes, what Congress should be monitoring is the eruption of spending in Washington, D.C.

Democratic leaders say their legislation will grow the economy. What it will do is grow the government, increase our taxes down the line and saddle future generations with debt.

Who among us would ask our children for a loan, so we could spend money we do not have, on things we do not need? That is precisely what the Democrats in Congress just did. It's irresponsible. And it's no way to strengthen our economy, create jobs or build a prosperous future for our children.

In Louisiana, we took a different approach. Since I became governor, we cut more than 250 earmarks from our state budget. And to create jobs for our citizens, we cut taxes six times -- including the largest income tax cut in the history of our state.

We passed those tax cuts with bipartisan majorities. Republicans and Democrats put aside their differences, and worked together to make sure our people could keep more of what they earn. If it can be done in Baton Rouge, surely it can be done in Washington, D.C.

To strengthen our economy, we need urgent action to keep energy prices down. All of us remember what it felt like to pay $4 at the pump -- and unless we act now, those prices will return. To stop that from happening, we need to increase conservation, increase energy efficiency, increase the use of alternative and renewable fuels, increase our use of nuclear power, and increase drilling for oil and gas here at home.

We believe that Americans can do anything -- and if we unleash the innovative spirit of our citizens, we can achieve energy independence.

To strengthen our economy, we also need to address the crisis in healthcare. Republicans believe in a simple principle: No American should have to worry about losing their health coverage -- period.

We stand for universal access to affordable healthcare coverage. We oppose universal government-run healthcare. Healthcare decisions should be made by doctors and patients -- not by government bureaucrats. We believe Americans can do anything -- and if we put aside partisan politics and work together, we can make our system of private medicine affordable and accessible for every one of our citizens.

To strengthen our economy, we also need to make sure every child in America gets the best possible education. After Katrina, we reinvented the New Orleans school system -- opening dozens of new charter schools, and creating a new scholarship program that is giving parents the chance to send their children to private or parochial schools of their choice. We believe that, with the proper education, the children of America can do anything. And it should not take a devastating storm to bring this kind of innovation to education in our country.

To strengthen our economy, we must promote confidence in America by ensuring ours is the most ethical and transparent system in the world. In my home state, there used to be saying: At any given time, half of Louisiana is underwater -- and the other half is under indictment.

No one says that anymore. Last year, we passed some of the strongest ethics laws in the nation -- and today, Louisiana has turned her back on the corruption of the past. We need to bring transparency to Washington, D.C. -- so we can rid our Capitol of corruption and ensure we never see the passage of another trillion-dollar spending bill that Congress has not even read and the American people haven't even seen.

As we take these steps, we must remember for all our troubles at home, dangerous enemies still seek our destruction. Now is no time to dismantle the defenses that have protected this country for hundreds of years, or make deep cuts in funding for our troops.

America's fighting men and women can do anything. And if we give them the resources they need, they will stay on the offensive, defeat our enemies and protect us from harm.

In all these areas, Republicans want to work with President Obama. We appreciate his message of hope -- but sometimes it seems we look for hope in different places. Democratic leaders in Washington place their hope in the federal government. We place our hope in you -- the American people.

In the end, it comes down to an honest and fundamental disagreement about the proper role of government. We oppose the national Democrats' view that says -- the way to strengthen our country is to increase dependence on government. We believe the way to strengthen our country is to restrain spending in Washington, and empower individuals and small businesses to grow our economy and create jobs.

In recent years, these distinctions in philosophy became less clear -- because our party got away from its principles. You elected Republicans to champion limited government, fiscal discipline, and personal responsibility. Instead, Republicans went along with earmarks and big government spending in Washington. Republicans lost your trust -- and rightly so.

Tonight, on behalf of our leaders in Congress and my fellow Republican governors, I say: Our party is determined to regain your trust. We will do so by standing up for the principles that we share -- the principles you elected us to fight for -- the principles that built this into the greatest, most prosperous country on earth.

A few weeks ago, the president warned that our nation is facing a crisis that he said "we may not be able to reverse." Our troubles are real, to be sure. But don't let anyone tell you that we cannot recover -- or that America's best days are behind her.

This is the nation that cast off the scourge of slavery, overcame the Great Depression, prevailed in two World Wars, won the struggle for civil rights, defeated the Soviet menace, and responded with determined courage to the attacks of September 11, 2001.

The American spirit has triumphed over almost every form of adversity known to man -- and the American spirit will triumph again.

We can have confidence in our future -- because, amid today's challenges, we also count many blessings: We have the most innovative citizens --the most abundant resources -- the most resilient economy -- the most powerful military -- and the freest political system in the history of the world.

My fellow citizens, never forget: We are Americans. And like my dad said years ago, Americans can do anything.

Thank you for listening. God bless you. And God bless America.

Seems many conservatives are not real impressed with Jindal's response as Hot Air points out.


Tuesday, February 24, 2009

That Long Empty Road: America and the Great Depression

A note from Radarsite: In our current increasingly frightening financial crises, we are it seems being continuously bombarded with references and analogies to the Great Depression. But how much do we really know about this great American tragedy? Most of us are aware of those old familiar images of veterans selling apples on the street corners of our great cities, the bread lines and the soup kitchens, the catastrophic devastations of the Dust Bowl. But many of us would perhaps be surprised, as I was, to learn of some of the more drastic repercussions of this monstrous economic meltdown. Many of us would perhaps be shocked to learn just how close we came to losing it all. If, as some pundits dramatically proclaim, we are indeed at the threshold of yet another Great Depression, it would be in our interest to take a closer look at that original disaster.

In an earlier Radarsite article Hollywood and the Jews, we examined the origins of Hollywood's historic 'left turn', the role of Hollywood's Jews, and the ever-present specter of anti-semitism. Here, we move beyond that glittering fantasy world of Hollywood to the cities and farmlands of America in an attempt to better understand this grave and critical period in our American history, which we refer to as the Great Depression. - rg


Hollywood’s traditional political position — leftist (mostly Democratic) opposition to Capitalist (mostly but not always Republican) governments, though temporarily suspended during the astounding Hitler-Stalin Pact of 1938, can be traced back to at least the early 1930s when active far-left pro-Communist groups and guilds flourished under the protective umbrella of the seemingly benign “Popular Fronts.” However, to better understand the origins of Hollywood’s significant “left-turn”, we must go back a little further.

Just two short years after Al Jolson’s wildly popular (but by today’s standards, monstrously politically incorrect) “blackface” minstrel Jazz Singer (1927- D: Alan Crosland) launched us into the exciting -- and for some major Hollywood silent film stars, career-ending -- era of the “talkies,”* the skies over America, and most of the rest of the world, began to darken. On October 28, 1929, “Black Friday,” the U.S. Stock Exchange in New York City collapsed, plunging the world into an era of unprecedented financial chaos and political turmoil. To a stunned American public it seemed that, without any warning, in just a matter of days the unthinkable had happened—our eminently successful system of Capitalism had simply failed.

Of course nothing in history is simple. Beneath the purported gaiety of the “Roaring Twenties” and the fun-loving, self-indulgent escapism of the “Jazz Age,” there was another darker but equally valid tale of the twenties. In 1929, well before the onset of the Great Depression, more than half of all Americans were living below a minimum subsistence level. Throughout the 1920s, rural America—where more than half of all Americans lived—had been in a long, downward spiral. While the annual per capita income was only $750, farm people earned a mere $273, making the farm worker’s life one of unrelenting hardship and privation. In 1930, 95% of the rural population was still living without electricity.* Between 1920 and 1930, prices for crops fell by 40 to 60%, while the value of farmland fell 30 to 40%.

As bad as it was for the farmers, the cities were hit even harder—especially those that relied on heavy industry. From 1932 to 1933 (the worst years of the Great Depression), auto manufacturing fell from 5.3 million manufactured in 1929 to 1.3 million in 1932, helping to make Detroit the worst hit city of the Depression. Industrial stocks lost 80% of their value since 1930, while banks lost $2 billion in deposits since 1929. In other areas, construction was down by two billion dollars since 1926, and construction “new starts” fell to 10% of the norm. This precipitous downturn resulted in the loss of two million high paying jobs in the construction industry. To add insult to injury, in what was then termed “technological unemployment,” an estimated 200,000 workers per year were being replaced by automatic or semi-automatic machinery.

Although almost every class of American society was affected in some way, those with the least were hurt the most—90% of the poorest communities in the country were affected by the Depression. Thirteen million Americans had lost their jobs since 1929. Only one quarter of the unemployed were receiving relief. Thirty million Americans were without any income at all. By 1933, unemployment had reached its record high of 24.9%.

The word “hobo” entered our lexicon, as two million mostly young men roamed the country desperately looking for work. As men lost their ability to earn wages, they soon lost their sense of identity and self-esteem and the number of desertions (“poor man’s divorces”) increased. Families were torn asunder. For the first time in 300 years, America’s population rates actually decreased. There were an estimated 200,000 vagrant children on the road (one in five of our nation’s 21 million children were going to bed hungry, while the number of children placed in orphanages rose by 50%). We had, indeed, entered a “Dark Valley”* of apparent hopelessness and despair.

As though things weren’t bad enough, Nature herself seemed complicit in our national tragedy. Some thirty years before the First World War, homesteaders settled in the southern parts of the Great Plains—large sections of Kansas, Oklahoma, Texas, New Mexico, and Colorado—planting wheat, row crops, and raising cattle on land that had originally been hardy grass plains. Soon the soil was exhausted and left exposed to the traditional droughts, torrential rains, and winds. Then, beginning in the early 1930s, the region experienced an unusually severe and long-lasting drought and the soil began to blow away. The results were devastating. Thousands of families, near penniless, their farms ruined, hoping to start a new life in the legendary promised land of California, left what had now come to be known as the “Dustbowl” and began their painful, and often humiliating, migrations westward (earning along the way the deprecating nickname “Okies” and providing the inspiration for John Steinbeck’s “Joad” family in his epic, previously mentioned, masterpiece The Grapes of Wrath).

Across the Atlantic, on hearing of the New York Stock Market Crash, our envious ideological rivals, Adolph Hitler and Joseph Stalin, chortled with satisfaction and uttered their self-congratulatory “I told you so” having (they said) long ago foretold the inevitable demise of corrupt American/Jewish Capitalism. Their glee was, however, short lived as the gigantic, unstoppable tsunami wave of the Great American Depression was already rolling towards their unprotected shores.

For a while America seemed to be teetering on the brink of anarchy. As the Depression deepened, there was a growing sense of anger and resentment; there was talk of civil war and rebellion. And not just talk. In 1933, the so-called “Business Plot” came to light, when one of our most respected military figures, Marine Corps General Smedley Butler, came before a Congressional committee and testified that he had been approached by a group of several wealthy, well-known East Coast businessmen (allegedly including the DuPont family) to become part of a plot to overthrow Roosevelt in a fascist military coup. --“We need a fascist government in this country to save the Nation from the Communists who want to tear it down and wreck all that we have built in America,” ranted the groups purported leader, New York businessman Gerald C. MacGuire. “The only men who have the patriotism to do it are the soldiers, and Smedley Butler is the ideal leader. He could organize one million men overnight.” -- Thanks almost entirely to General Butler’s timely testimony, the proposed right-wing coup was foiled. Although a full Congressional investigation ensued, no one was ever charged in the case and it eventually disappeared from the headlines (causing endless speculation among liberal conspiracy-theorists of a right-wing cover-up).

However, this was just one threat among many. After the apparent failure of Capitalism, for the first time in our Nation’s history there was a distinct possibility that one of the three dark isms—Communism, Socialism, or Fascism—would creep out of the shadows to claim what was left of our broken American Dream. In the 1932 elections the Communist Party’s William Z. Foster won 103,000 votes; while the Socialist Party under Norman Thomas received 881,000 votes. Dozens of loony left-wing and right-wing movements crawled out of woodwork. The popular liberal “Utopian socialist” author Upton Sinclair advocated the creation of a “network of workers villages, model factories and rural colonies where production-for-use would replace production-for-profit”. In 1932, Howard Smith founded the “Technocracy Movement” which sought to “abolish the ownership and price system [and] give power to a technological elite.”

Although their coup had never materialized, the DuPont family, together with the Pew family (Sun Oil) and the Rockefeller Associates never relented in their vicious propaganda attacks against Roosevelt and his New Deal -- which they characterized as “Jewish Communism”. To “save the Republic” and to further their anti-Semitic, anti-Communist causes, they provided major support for the fledgling American Liberty League, which in turn spawned a whole new series of extreme right-wing groups and paramilitary bands, such as the Sentinels of the Republic, the Minutemen and Minutewomen, and—picking up on the Nazi Party’s apparent love of “shirt movements” (the Brownshirts and the Blackshirts)—they formed their own Silver Shirt Squad of the American Storm Troopers. These were followed in New York City with General Art Smith’s Khaki Shirts (who wanted to abolish Congress altogether and form “the largest Army in the world”); then, yet another Silver Shirt movement organized by North Carolina’s William Kelley, whose members were described as the “cream of Protestant Christian manhood,” and whose rather broad mandate was to fight against the “Jewish Conspiracy.”

Father Charles Coughlin, the immensely popular and controversial “radio priest of Detroit,” who began broadcasting his weekly sermons in 1926, was by 1931 reaching an astonishing 40 million listeners (one-third of the U.S. population). Considered “the most prominent Catholic spokesman on political and financial issues,” he endorsed FDR in the 1932 elections and was initially a strong supporter of the New Deal reforms. In 1934, however, he dramatically changed course and began denouncing Roosevelt as a “tool of Wall Street.” Virulently anti-Communist and anti-Semitic, by 1936, he was increasingly expressing sympathy with Hitler and Mussolini, blaming the Depression on (what else?) an “international conspiracy of Jewish bankers.” In a speech on November 20, 1938, just two weeks after Germany’s infamous Kristallnacht, where innocent Jews across Germany were savagely attacked and killed and Jewish businesses and homes burned, Coughlin blamed the Jewish victims, claiming that, “Jewish persecution only followed after Christians first were persecuted.” By 1938 he was allied with the German-American Bund in a Christian Front against “Jews, unions, and Communists.” Finally, the new NAB (National Association of Broadcasters) code of 1939 forced radio stations to cancel Coughlin’s broadcasts and with the onset of the war his newspaper was subsequently banned from the mail under the Espionage Act for being pro-Nazi.


According to one prescient observer, we are now entering an "Axial Age". We are facing a great crossroads. Which direction will we take? Right, left, or straight off the precipice? God grant us the wisdom to make the right choices.

* For further reading on this subject Radarsite highly recommends The Dark Valley by Piers Brendon (Knopf)

This article was drawn from my yet-to-be-completed The Secret of Samson's Hair