The bureaucrats will end up reducing personal debt but is it worth it?

Nice article by Star Parker over at Town Hall Magazine on financial regulation…

The federal government in its continual unconstitutional efforts to protect us, may end up “fixing” the over burdened credit card debt consumers have been struggling to pay. But is it worth it? The credit card industry is being limited to what it can do to protect itself from people that fail to pay back the money they have borrowed. They have introduced laws that limit credit card company’s fees, interest rates, and have generally positioned the credit companies as predators.

The fees that can be charged for credit have been capped and will eventually be reduced. Therefore, the credit available to consumers has been reduced. The fees that can be charged for cash advances have been reduced. Therefore, cash advances are being limited because it costs money to run those convenient ATM machines. It has become harder for credit companies to get their money back from bad debtors. Therefore, credit limits are being reduced and lower income customers are being denied credit.

So in the end, consumers will no longer be able to get the cards or cash they need due to the additional regulations. Free market credit dries up and cash becomes king, again. I guess that is good when you are wealthy and have a lot of cash. Instead of increasing competition in the financial sector, over-regulation is crushing our ability to get credit. No credit, no purchases without cash, and no expansion of small businesses that thrive on credit. Small business gets caught in the tangled web of regulation designed to “protect” the consumer. It is that law of unintended consequences.

So what we are getting is a stagnated economy, less choice and options for the average consumer to get credit, and the result is reduced personal debt. So the regulation does in the end protect the consumer by making credit unavailable and ending the consumers ability to get into debt. It comes with a price tag. That price tag is the loss of freedom and access to credit. But it seems that our government knows better how to manage our finances than we do. Just like healthcare, educating our children, planning for retirement, food intake, smoking, drinking, you name it, the government is much better at making those decisions for us.

The bureaucrats are reducing our personal debt and much more. The question is; is it worth it?

The Colorado Political Debate…

Liberals and the left keep wondering why conservatives keep winning this election cycle even when underfunded. Here is a prime example taken from those liberal “thinkers” over at ColoradoPols website:

The emphasis is mine on the level of debate amongst the elite over at the Pols:

"We love that last quote from 9-12 Project Leader Lu Busse that they might
want to "change their tactics" to include more fundraising. Whatever gave you
that idea? Who gave up the secret that you can't win elections with just "Don't
Tread on Me" flags and message boards?" (feel the elitism in this coment?)

"Do Republicans tow cows to the Tea Party because the Tea Party is a bunch
of cow-tipping idiots? I can live with that;-)" (nice original name calling)

"I wouldn't want to try and tip over any of their wives. You could pull
a muscle trying those pranks." (respect for others; a true liberal value!)

"YOU AINT GOT NO STEENKING head to head.
You got the Tank vs. the Tin Foil Man splitting the nut job vote, leaving the
real world residents voting for Hick. Furthermore, the Tank just shored up his
right flank by adding Pat Miller, the one person in Colorado who makes Maes look
reasonable, to his ticket. That means Maes doesn't dare move to the center, as
he tried to do with the Tambourine Girl, because he'd alienate the Whack Job
Right that is his only base. I can see those Blue Helmets marching down
Broadway today." (stereo types and generalizations? I thought that was a whack job right virtue?)

These are the “analysts” and political “insiders” that the people are finally sick of. They have an elitist attitude that spews hatred for people opposed to their views. I am glad they think they have this election all wrapped up in their minds, but they are what is wrong with the political process.

I am so glad they ignore me and my political opinions, but it will be fun to watch them scratch their heads when even without money, conservatives keep winning elections. Not because of any particular candidate’s charisma, but the total rejection of the left’s agenda…

The Huffington Post should be proud of this group of left leaning intellects…

The “Wrath” of the GOP…

Tom Tancredo should step down before it is too late. If he really has the interest of Colorado at the forefront of his efforts, this is not the way to show it. The polls have Dan Maes tied with Mayor Hickenlooper in a two way race. Even if he has personal issues with Dan he should know as well as anybody, no one is perfect. Tom is dividing the people that are needed to come together for a conservative victory.

If Tom were to do the right thing and get out of the race here is what will happen:

• Most thinking conservatives (that is what makes us conservative) will unite around Dan.
• Tom will be seen as doing the right thing, putting his fellow citizens before his self interest. Maintaining the respect he has garnered on the immigration issue.
• End the fight that should have happened in the primary not a general election.
• Allow the focus to be on the opponent. With one candidate in the race the money will be well spent to highlight the Mayor’s policies, and we can see if his “positive campaign” message will be flushed down the toilet.
• Many would open their pocket books knowing they are not throwing their hard earned money away due to the third party threat.
• The GOP may re-think their support when the polls show Dan can win. (longshot)

Dan is not an establishment politician and isn’t that what the people want this year? It may not be the insider’s wishes, but the general electorate that will probably never read this Blog, want a fresh and new candidate like Dan.

I can’t believe the GOP will cut off their nose to spite their face. But as Rush said today on his program, the insider’s are losing their power, and when that happens watch out for their wrath. I guess Tom is their “wrath”…

Bennett Campaign; Betting on Constitutional Ignorance…

I was amazed to see the first campaign ad against the next senator from Colorado Ken Buck focusing on “Ken Buck wants to take away your right to vote for Senator” as if he can do that on his own. It rings so hollow, and if this is what the Bennett Campaign is using as their opening salvo, they are in big trouble.

What they are referring to is the Seventeenth Amendment to the constitution which changed the election of federal senators from a state legislature responsibility to a vote of the citizenry. I can sense you are already bored as will be the voters of Colorado. Not that the issue is not an important one but it is such a stretch to use such a “complex” concept in such a disingenuous manner it is a waste of time.

We who support the Tenth Amendment also understand that the reason there is a movement to change or rescind the Seventeenth Amendment is to have our federal senators more responsive to state needs rather than special interests in Washington DC. If the senate was elected by state legislatures they would be more in touch with the issues of the states. State legislatures would also have a greater say at the federal level. It is a strong and solid argument.

The reality is it will take a constitutional amendment to do this. Ken Buck isn’t against citizens voting for the senate, he is for making the senate more accountable to the citizens in the states. And that’s good for America.

I shared the stage with Ken Buck at the 2010 Debate and he was charismatic and in control of the issues. This compared to a very uninspiring Bennett. The democrats are in big trouble from a charisma perspective. Bennett will put most voters to sleep, and if this issue is what the Bennett campaign hopes to ignite the electorate with; well, congratulations Senator Buck…

Thumb in the Eye of America…

The current administration and the left leadership in congress continue to stick a thumb in the eye of every American. They do it at their own peril which will culminate November 2nd.

The Imam pushing for a Mosque at Ground Zero is sticking a thumb in the eye of every American that was murdered at that hallowed site in lower Manhattan.

The media and the press including Time Magazine continue to push the storyline that disagreeing with certain classes and groups of people is a phobia; Islamaphobia, Homophobia, or they simply call Americans bigots for asking legitimate questions about the intentions of a group.

The support of border security is somehow anti-Mexican, and people that support it get a thumb in their eye.

Honestly I am sick and tired of being defined by a radical minority of people that make their living sticking their thumb in the eye of everything that has made this country great. They hate this country and want it destroyed, and they are doing it one thumb in the eye at a time.

Even Sylvester Stallone is tired of America getting a thumb in the eye…

Most of America is on to their tactics and this November is going to be a great opportunity for every American to put their thumb in the eye of the left by voting them out in November. Even though it will not solve the entire problem of undermining American values, at least we will remove the people that promote and “legitimize” this garbage in policy and law.

Open Letter to Michelle Malkin…

Dear Michelle:

As a fellow Colorado citizen I hope you consider the bigger picture regarding the race for Governor. As you know, your name has been floated around as part of a “Dream Team” ticket, but a dream for whom? You are a well respected advocate for ferreting out corruption in government, a watchdog against the practice of illegal immigration, including the despicable practice of highlighting sanctuary city policies, and a solid resource for bringing light to often hidden relationships between government officials and radical supporters of terrorism. We need you on the job there 24/7.

The Republican Party held a primary election and the winner was Dan Maes. Over 300K Republicans spoke through the ballot, and as far as I know, the results are not being challenged. Dan Maes has gone door to door for nearly two years and has convinced many, including Tea Party activists that he was the guy to support. Part of his attraction is the fact he is not a party insider. He is being maligned in an effort to get him to step down, and the person who it is believed you would make a “Dream Team” partner for is front and center in that process. He is a former Republican that has done some good work on illegal immigration but seems to be convinced that his entry into the race is somehow a good thing for Colorado. If he had started the election season as a Constitutional Party candidate I would not be criticizing him, but his last minute entry to force the legitimate Republican candidate to step down is suspect regarding his true intentions. His actions are guaranteed to elect a person that will undermine every effort he has fought for in regards to illegal immigration. I am confused at what is truly important to him if he is willing to cause such mischief in this election, and elect a person that stands opposed to all he has fought for.

I suggest you meet with Dan Maes to understand why so many have stood behind him. It will quickly become apparent that Dan’s motives are truly in the interest of Colorado, and your potential partner’s motives need more vetting. At the best they are selfish. You will find that Dan is not an “experienced” politician, but I ask; what have been the results of “experienced” politicians that we can point to for comfort that will convince us to again elect “experienced” politicians? I would argue experience in the political realm has become a detriment to everyone except special interests. It is time for the people to get a candidate they support.

You have an opportunity to help the cause in Colorado by meeting with Dan and injecting your common sense into the state and national GOP leadership. The answer is not to get Dan to step down and the GOP “anoint” a candidate to eliminate the third party threat, the answer is for calmer respected minds to come together in an effort that will help all Colorado citizens. We must bring back common sense policies to government and we can only do that if we end the circus which is what this third party debacle has created.

I would have thought a congressman so passionate about illegal immigration would never be a catalyst for more illegal immigration, but I guess I was wrong. I hope you take this opportunity to convince Colorado conservatives to get behind the candidate that actually respected the voters and the process.

Thank you!