By Jim Campbell, Citizen Journalist
In a cliché filled talk that fell for the most part on deaf ears, Senator Diane Feinstein the queen of tax and spend had the chutzpah to go before the Women’s Chamber of Commerce in Santa Barbara, CA and trumpet federal government solutions as the answers to private sector woes. The group was polite as members of the chamber were well versed on how the “Queen of tax and spend had damaged their business and driven many not remaining away from the state or overseas. With her presentation she proved indeed that she is the Great Pretender!
“For the United States to truly recover from the Great Recession, the federal government and its state counterparts need to be creative with tax reform and budget proposals to jump-start the economy.”
(The senator must be excused for trying to throw a hanging curve ball to this group of private sector advocates. They knew only too well that the government IS THE PROBLEM and solves much of nothing at the federal level.)
That was the view of U.S. senator Dianne Feinstein, (D-CA), who spoke at a luncheon hosted by the Santa Barbara Region, Chamber of Commerce yesterday. “The important thing is that in times of economic trouble, the government needs to come up with some constructive solutions,” Feinstein told the audience at the Canary Hotel in down town Santa Barbara.
(O.K. in fairness here some members were seen with their heads in their napkins attempting to stifle laughter, in doing so they remained as polite as possible.)
Among them, many were noted wearing Emken U.S. Senate 2012 buttons much to the senator’s chagrin.
Feinstein said, “I think we are beginning to see the light at the end of the tunnel here.”
(Quickly turning to Thomas.gov to reference the so-called Patent Box legislation proved it to be among one of Feinstein’s many delusions.)
Feinstein also said ” In order for the economy to dig out of its $11 trillion in national debt and move toward a recovery, politicians need to move away from partisan gridlock and figure how to fund programs that support businesses.
(Mrs. Feinstein is always willing to compromise on anything other than raising taxes and shredding the Second Amendment.)
“The Republican’s don’t want to raise taxes and the Democrats don’t want any cuts to entitlements, including Medicare and Social Security.” “We have to do both the senator said, we need solutions.”
(Perhaps the senator might cut the nonsense? Democrats want to scare older people about entitlements while democrats just kick the issue down the road while Republicans have plans to keep both programs fiscally sound)
Feinstein offered up the Troubled Asset Relief Program, as a federal government’s 2008 bailout program for banks, as one creative and successful initiative. She told the group that she was on a conference call with 40 other senators and Fed Chairman Ben Bernanke, who told the group the U.S. was in danger of facing an economic collapse bigger than the Great Depression.
“Then we passed TARP,” Feinstein said. “People hated it, but it’s all being paid back and “I believe the government will make money on it.” Nothing could be further from the truth.
(Most everyone including President George W. Bush, regretted signing the initial TARP funding before he left office.)
(In reality, no business is too big to fail, bankruptcy laws, particularly Chapter 11 were put in place so that an orderly process is maintained while businesses reorganize with most employees still remaining on the job.)
Feinstein said, “I’m focused on facilitating job growth in CA, especially in the agricultural and manufacturing areas in Santa Barbara.”
(The senator was a bit late with this remark as her inept decision to save the delta smelt; doing nothing to force water to be sent to the San Joaquin Valley, resulted in 80,000 workers losing their jobs, and most of the farmers losing their farms while $3 billion in agricultural losses were estimated for the area according to a U.C. Davis study.) Once again Americans witnessed the unbridled power of a government agency, in this case the EPA filled with unelected government bureaucrats, destroy a portion of the nation’s economy in pursuit of it’s environmentalist agenda.
Elizabeth Emken US Senate CA 2012 