What Will MSNBC DO?

Watched MSNBC after 8 anytime recently? If you have you'll know they are facing a crisis. George Bush is leaving Washington. Entire shows on MSNBC revolve around the host's biting hatred on the president. This certainly isn't to say that there aren't legitimate reasons to criticize the Bush administration, but guess what he's leaving. Still with a historic inauguration only a day away MSNBC hosts just can't see past their hatered. So what will these shows turn into? Will there be big pockets of dead air, where indignant rants about Bush 43 used to be? Will they look for someone else to tear down, possibly a Governor from Alaska? Is MSNBC a one trick pony, or will they be able to adapt to a popular Democrat as president?

Democrats Take Aim At Investments and Savings

US News and World Report is reports in their article Why Democrats Will Target the Investor Class in 2009 that a Democrat run government will target a government take over of savings and investments for political expediency. It should be noted that the 'investor class' includes people who put thier savings in IRA's and 401K's. This isn't the super wealthy, this is most often responsible middle class Americans that save for retirement and other needs. This not only threatens people's savings it is more evidence that a government fully controlled by the Democrats will result in a dramatic lurch to the left as thes are plans for more big government control.

1) Hike Investment Taxes. Obama wants to raise capital gains taxes even though he has kinda, sorta admitted that it might be bad for the economy and might actually decrease tax revenue to the government. For now, he's talking about raising the highest cap gains rate by one third to 20 percent, though earlier in the campaign, he floated pushing it as high as 28 percent, a near doubling. (Recall that Democratic presidential contender John Edwards wanted to raise it as high as 40 percent, a move that was applauded by liberals who want investment income to be taxed as onerously as labor income.) With the next administration facing a trillion dollar budget deficit—maybe more—there will certainly be pressure to raise taxes to higher levels than now being suggested.

2) Eliminate 401(k)'s, IRAs, and other retirement plans. Democrats in the House are now talking openly about the longtime liberal dream of repealing the tax advantages of putting money into a 401(k) plan or other tax-advantaged retirement account. "The savings rate isn't going up for the investment of $80 billion [in 401(k) tax breaks], we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that's not generating what we now say it should," said Rep. Jim McDermott, a Democrat from Washington at a recent hearing, according to an industry trade paper.

Indeed, House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans. In place of 401(k) plans, she would have workers transfer their dough into government-created "guaranteed retirement accounts" with a 3 percent real return.

Not only would removing the preferential tax treatment of these vehicles raise investment taxes by $100 billion a year and affect Americans making less than $100,000, it would surely prompt many Americans, already shell-shocked by the market's recent losses, to flee stocks. All this ignores the fact that there are trillions of dollars in American retirement accounts, and abandoning the higher-returning stock market at a probable bottom is classic financial foolishness. If you believe long term in the American economy, then you have to believe in the stock market. If you don't, then you have to admit the government won't be able to afford its promises anyway.

3) Replace private capital with public capital. But wouldn't a weak stock market hurt the economy by making it tougher to raise investment capital and lessen the return on risk? Surely, it would. But Obama is planning hundreds of billions of dollars of government "investment" in cutting-edge technology, particularly in the energy and healthcare sectors. One specific example: Obama wants to create something called a "Clean Technologies Venture Capital Fund" and invest $10 billion a year in emerging energy technologies. Now, the private VC industry is already pouring billions into alternative energy, but Obama thinks that's not enough and wants Uncle Sam to get in on the action at taxpayer expense. Interestingly, a new study by the University of British Columbia looked at the performance of the Canadian government's venture capital efforts. It found that government venture capital isn't nearly as successful as private venture capital.

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Democrats Take Aim At Investments and Savings

Arkansas Resident Battles for Ohio Votes

Bill Smith, ARRA Editor: Al Hundley, a Baxter County, Arkansas resident, asked me "where can I best make a difference supporting John McCain for President." As National Political Director, Let's Get This Right, I asked "are you willing to travel and pay your expenses." As we talked, I emailed him a list of swing state offices and phone numbers. He said "yes I'm going!" and now he is in Ohio! Cleveland's WKYC TV 3 reported last night on Al Hundley's and Bob Klitzkie's work for the John McCain campaign in Ohio:

BRECKSVILLE -- Al Hundley and Bob Klitzkie are both a long way from home helping John McCain try to put Ohio in the victory column. Both men are retired, both are dedicated McCain backers, and both are bankrolling the cost of their travel, hotel room and food out of their own pocket. Both men asked to be assigned someplace where their work could make a difference.

Both are working at McCain's Brecksville campaign office for free, doing everything they are asked. That could include making calls, dropping off signs, running errands and helping set up rallies.

Hundley says, "I'm here to help John McCain win the Presidency. Whatever I can to to turn the tide and carry the day." Bob Klitzkie is from Guam in the Pacific. That means he cannot vote for President. Al Hundley is from Arkansas. Both men plan to stay through the election and both predict they'll be celebrating the outcome in Ohio. "The Klitzkie poll says Ohio's going for John McCain," Klitzkie predicts. [Video available]

Want to Help: Would you like to join Al, Bob and others in sharing John McCain’s plans for a prosperous America with Democrats and Independents? Citizen's for McCain will be knocking on doors, walking precincts and making phone calls in preparation for election day. You can join them in this effort through one of the many field offices in Pennsylvania, Ohio and Florida:

PENNSYLVANIA Northeast PA 420 North Main Ave Scranton, PA 18504 (570) 951-9223 Southeast PA 420 Norristown Rd Blue Bell, PA 19322 (717) 222-9804 East PA 2285 Schoenersvillle Rd, Space 27 Bethlehem, PA 18017 (717) 644-8778 Southwest PA 23 North Maple St Greensburg, PA 15601 (724) 836-0570 Northwest PA 125 Hillvue Lane Pittsburgh, PA 15237 (414) 458-1562

OHIO Northeast OH Near Youngstown) 621 Boardman-Canfield Rd Boardman, OH (330) 629-70006 Northeast OH (Near Cleveland) 7630 Chippewa Rd Brecksville, OH 44141 (440) 792-4704 Western OH 102 West Main St Springfield, OH 45503 (937) 322-4223

FLORIDA Greater Orlando 234 South Semoran Blvd Orlando, FL 32807 (407) 277-0880 Southern FL 2021 Tyler S. Holywood, FL 33020 (954) 397-6369 Tampa – St. Petersburg 142 West Platt Tampa, FL 33606 (813) 451-3857 Jacksonville 4963 Beach Blvd Jacksonville, FL 33207 (904) 716-0107

RICO Lawsuit Filed Against ACORN

ARRA News Service - Dan Spencer reports that in Ohio, a state Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit was against the Association of Community Organizations for Reform Now (ACORN). The lawsuit alleges ACORN has engaged in a pattern of corrupt activity that amounts to organized crime. It seeks ACORN's dissolution as a legal entity, the revocation of any licenses in Ohio, and an injunction against fraudulent voter registration and other illegal activities.

According to the press release, Plaintiffs Jennifer Miller of Mason, Ohio and Kimberly Grant of Loveland, allege that ACORN's actions deprive them of the right to participate in an honest and effective elections process:

They allege fraudulent voter registrations submitted by ACORN dilute the votes of legally registered voters.

"The right to cast a vote that is not diluted by fraudulent votes is a fundamental individual right," Buckeye Institute President David Hansen said.

"ACORN appears to be recklessly disregarding Ohio laws and adding thousands of fraudulent voters to the state's roles in the process," Maurice Thompson, Director of the Buckeye Institute's 1851 Center for Constitutional Law said. "Such voter fraud erodes the value of legally cast votes," he added.

In the complaint, Thompson cites an accumulation of evidence showing numerous instances of admitted fraud by ACORN employees, as well as individuals solicited by ACORN.

"In light of its hiring, training and compensation practices, ACORN should have known its conduct would cause fraud," Thompson said. "It also should know that its conduct will cause fraud in the future."

In addition, the complaint cites conduct by ACORN in Colorado, Indiana, Louisiana, Michigan, Missouri, Nevada, New Mexico, North Carolina, Pennsylvania, Texas, Virginia, Washington and Wisconsin.

TBlumer reports Obama’s name comes up at least three times in the complaint:

(Page 3) 18. Defendant is engaged in massive voter registration drives and political canvassing throughout the state of Ohio and the United States of America; some of this work is performed on behalf of current United States of America presidential candidate Barack Obama.
(Page 3) 19. ACORN’s political wing has endorsed Barack Obama for president, and during the primary season, the Obama camp paid Citizen Service Inc., $832,598 for various political services according to Federal Elections Commission filings. Citizen Services, Inc. and ACORN share the same board of directors.
(Page 9) 69. In Texas, where ACORN’s affiliate, Citizens Services Inc., has provided contract work on behalf of Senator Barack Obama’s presidential campaign, the Houston Chronicle reported on August 17, 2008 that “About 40 percent of the 27,000 registration cards gathered by ACORN from January through July have been rejected or placed in limbo pending the gathering of more information, according to the county” while “about 6,600 were filled out by people already registered, and many others contained insufficient information.”
A full copy of the complaint is available here.

See also: ACORN Registers a 7 Year Old
Mickey Mouse Registers to Vote
Obama Invites ACORN To Shape Presidency
Stop ACORN Now

McCain Up in Ohio According to Rasmussen

Good news from Ohio, McCain takes the lead this key swing state according to a Rasmussen poll.

John McCain has opened a modest lead over Barack Obama in the key swing state of Ohio. The latest Rasmussen Reports telephone survey in the Buckeye State shows McCain attracting 46% of the vote while Obama earns 40%. Last month and the month before McCain held a insignificant one-point lead over Obama.

Seven percent (7%) of voters say they’d prefer a third party candidate over either McCain or Obama and another 7% remain undecided.

When “leaners” are included in the totals, McCain leads Obama 52% to 42%.

Ohio - Ohio - Ohio

The importance of Ohio is obvious. It has been key in the last two presidential elections. It also dealt Senator Obama a 10 point defeat against Senator Clinton even though convential wisdom said that Clinton could no longer clinch the nomination. So here are the current numbers - a tight race getting closer and closer...

RCP Average 06/09 - 06/22 -- 47.3 42.8 Obama +4.5
SurveyUSA 06/20 - 06/22 580 LV 48 46 Obama +2.0
Rasmussen 06/17 - 06/17 500 LV 43 44 McCain +1.0
Quinnipiac 06/09 - 06/16 1396 LV 48 42 Obama +6.0
PPP (D) 06/14 - 06/15 733 LV 50 39 Obama +11.0

McCain Town Hall in Ohio

Ohio GOP features an article and video clips from a recent town hall meeting Senator McCain had in Cincinnati Ohio.

That Republican John McCain would come to Cincinnati for a town hall forum with undecided voters so early in the general election campaign made it clear that he knows this will be a major battleground between him and Barack Obama.

And what he talked about made it clear the battle won't be won on the issues he has been most comfortable with in his long congressional career - national security, defense, and, in recent years, the war on radical Islamic terrorists.

"The economy, the economy, and the economy,'' the senator from Arizona said after his town hall performance at Xavier University's Schmidt Hall. His response came after a reporter asked him to name the three most important issues he will use to influence Ohio's undecided voters.

Was Clinton Right? Obama Campaign Questions their Ability to Win Ohio and Florida?

The AP reports "Obama campaign looks for way to win presidency without Ohio, Florida." The struggles the Obama faced in the primary are showing that Ohio may be a difficult state for Obama to win. The campaign is looking for other states that may provide the electorates to make up for an Ohio and Florida loss. McCain has polled well ahead in Florida and the Democratic Party's bumbling of the state's primary, as well as difficulty with the Jewish vote, has left Obama at a disadvantage. This may leave the Obama campaign with some difficult math as the some of the Northwest states that they've hoped to turn from red to blue do not have nearly the number of electorates Florida and Ohio do. It's interesting that the general election has barely started and Obama's electibility is coming into question within his own campaign.