Endgame – Tea Party Nation

Endgame – Tea Party Nation.

Posted by Judson Phillips

We are rapidly approached the endgame in American politics. 

 

The endgame is the place the liberals want us to be.    There is only one thing stopping them from hitting the endgame point.

 What is it?

 Republican control of the House of Representatives.

 What is their endgame point?

 It is socialism. It is the end of freedom and liberty. 

 The left is engaged in the strategy known as Cloward-Piven.  It is named after two Marxist professors who wanted to bring down the government first in New York City and then eventually in America.

 The strategy is simple.  Overwhelm the system with demands that it cannot meet.  Then the system will collapse.

 We are seeing that today.  From America’s overwhelming debt, to amnesty, to Obamacare, the left is trying to create so many demands on America’s economic system that it will collapse.

 There is one last hurdle they have to overcome to get there.

 That is Republican control of the House of Representatives. 

 As this year opened, one of the biggest topics of conversation in DC was whether Harry Reid, the bordello child from Nevada and erstwhile majority leader for the Party of Treason in the Senate would change the rules to abolish the filibuster. 

 Looking back on it now, it seems obvious he would not do it. 

 Why?

 Because it would have been a meaningless point. 

 Harry Reid can get the Party of Treason to pass as many bills as it wants but as long as the Republicans control the House, most of those bills would be DOA.

 But what happens if the Party of Treason gains control of the House again in 2014?

 Then you can count on Harry Reid eliminating the filibuster so that a simple majority vote gets bills passed in the Senate.

 This of course assumes that the Party of Treason maintains control of the Senate.  At this point, things look good for the Republicans to take control of the Senate.  However, in 2010 and 2012 things also looked good.  Never underestimate the ability of the Republican Party to blow an election.

 If the Party of Treason takes control of the House, Reid will abolish the filibuster in the Senate by rule change and then you will see the all out, final assault on liberty.

 Liberals openly talk about the need to limit freedom and liberty.

 Melissa Harris Perry is a left wing nut job on MSNBC, the official channel of the Party of Treason.  She caused controversy with comments recently about how children should not be raised by their parents but by a collective community.

 Now she has doubled down on her comments.  In a promo airing on the Channel of Treason, she says:

 “This isn’t about me wanting to take your kids, and this isn’t even about whether children are property. This is about whether we as a society, expressing our collective will through our public institutions, including our government, have a right to impinge on individual freedoms in order to advance a common good. And that is exactly the fight that we have been having for a couple hundred years.”

 Lenin, Stalin, Hitler and Mao would have loved her.  After all, they impinged on the individual freedom of life and liberty to advance a “common good.”

 If the Party of Treason ends up controlling the House and the Senate after the 2014 elections, we will see the impinging of individual freedom for the advancement of the “common good.”

 Freedom of speech and religion will be gone.  The Second Amendment will be gone.  The 7th Amendment will be at best curtailed if not eliminated.  The 10th Amendment will simply be a museum piece and state boundaries will be little more than lines on a map. 

 We will no longer be the United States of America but the United State of America, with a tyrannical, massive central government.

 This is what our founding fathers feared. 

 This is the end game for liberals.

 The 2014 election comes down to one simple point.  Either real Americans win the election or we all lose our freedom so the left can advance their “common good.”

 But as we know about liberals, their ideas never benefit the common people nor are they good.

 

The end of the Republic – Tea Party Nation

The end of the Republic – Tea Party Nation.

Posted by Judson Phillips

Jaczko the Jerk: Harry Reid's Sexist Crony Gets the Boot - Michelle Malkin - Townhall Conservative ColumnistsThere is a scene in the original Star Wars movie from 1977 where General Tarkin (played by famed British Actor Peter Cushing) tells Darth Vader that the Emperor has dissolved the Senate.  He tells Vader, “The last remnants of the old Republic have been swept away forever.”

 America was created as a Constitutional Republic as our founding fathers were very aware of the inherent dangers of a Democracy.  The left has worked hard to destroy the protections a Republic provides its citizens. 

 There is a threat to what is left of the protections a Constitutional Republic gives its citizens.  While this story has flown under the radar because of other news, something very dangerous is coming.  This is something that will sweep away one of the last remnants of our Constitutional Republic.

 What is it?

 The Filibuster has been a time-honored technique used in the Senate to keep the majority from running roughshod over the minority.  A filibuster puts a hold on everything and it cannot be stopped unless 60 Senators vote for cloture or to end debate.

 The filibuster causes one party to compromise and it slows down legislation, since the Senate is supposed to be a deliberative body.

 Now, as the Senate comes back into session in January, the Democrats are planning to do something that will change the nature of the Senate and our Constitutional Republic.

 Harry Reid, the Democrat Senate Majority Leader, wants to do away with the filibuster.

 The Senate, unlike the House of Representatives is a continuing body.  The Senate has 22 Rules that it operates under, 16 of those rules date from the establishment of the Senate.  When the House of Representatives meets, it creates new rules every time.  The Senate is a continuing body so it does not have to.  Now Reid wants to change the Rules of the Senate, just making stuff up as he goes.

 Reid wants to operate under the fiction that the Senate is not a continuing body therefore a majority vote sets new rules when it shows up ever January.   The Rules of the Senate are decided on a majority vote.  Therefore, with a majority vote, the filibuster can be abolished.

 Abolishing the Filibuster sounds like one of those boring inside Washington debates that no one in real America cares about.

 Nothing could be more wrong!

 If Harry Reid is able to abolish the filibuster, everything the Senate considers (other than matters specified by the Constitution) will require only a majority vote.

 The Obama Compliant media has been talking about how the Republicans are misusing the filibuster just because they want to obstruct the Democrats.

 As usual with the mainstream media, you are not getting the full story.

 Harry Reid has been using a parliamentary trick called “Filling the tree.”  Basically what that means is that he fills up all of the possible opportunities for Amendments to bills. 

 This means the minority, in other words the Republicans, has no opportunity to offer amendments to bills.  Republicans cannot get bills voted on unless Harry Reid approves.  Republicans cannot get amendments voted on unless Harry Reid wants to allow the vote.

 In short, Harry Reid has gone from being the Majority Leader of the Senate to the Dictator of the Senate.   The Republicans have one tool left. 

 That is the Filibuster.

 If the Filibuster is abolished, the gates will be opened.  Liberal groups are already lining up to try to push through legislation they want that could not survive filibuster.  This includes Cap and Trade, Card Check, gun control and almost everything else on the liberal wish list.

 In addition, nominees could no longer be filibustered.  This would open the door for Obama to appoint the most radical people possible to Federal openings, including Judges who receive lifetime appointments.

 For once, Republicans are standing firm on this issue.  But we need six Democrats to defect.   The Democrats are not monolithic on this one.  Some of the Democrats who have served for a long time have an institutional memory and do not think this is a good idea.  Others realize that if the Filibuster is abolished, it is not coming back and one day the Republicans will control the Senate again.   There are Democrats in the Senate who are in red states who will face election in 2014.  They realize that if the Senate pushes through radical legislation, their chances of reelection will diminish radically.

 We need to call every Senator’s office and tell them to oppose any change to the Filibuster. 

 Our founding fathers knew what a Democracy would mean and that is why they gave us a Constitutional Republic.   Those safeguards of the Republic have been done away with and the Filibuster in the Senate is one of the last.   If it falls, the Republic falls too.

 Tell your friends and your Tea Party group about this.

 Call every Senator today and demand they vote against any change to the Senate Rules regarding Filibusters.

It is time for a conservative insurrection – Tea Party Nation

It is time for a conservative insurrection – Tea Party Nation.

Posted by Judson Phillips

It is time for conservatives to stand up and fight.  Yes we are discouraged and depressed after the election on Tuesday.  We are mourning the loss of our nation.  We have seen defeat after defeat, yet we cannot give up.

 We must start our insurrection now.  What must we do?

 Let’s start our next battle now.  

 Having just lost this fight, a new fight is probably the last thing most people are thinking about.  Yet, time dictates that we must fight now. 

 What is this fight?

 We must fight to replace John Boehner as the Speaker of the House.

 On election night, while a disaster of unimaginable proportions unfolded, Boehner gleefully appeared on a stage in Washington to announce that the Republicans were holding the House and by extension, he was keeping his job.

 Can someone give me one reason why Boehner should keep his job?

 Within a day of the election, he announced that he was putting tax hikes on the table.  Boehner wasted no time in raising his freshly laundered white flag of surrender again.

 Just after this gem, Boehner announced he was not fighting Obamacare any more.  It would be hard to call what Boehner was doing a fight.  Perhaps a slow motion surrender would be more accurate.  Boehner announced that Obamacare is now the law of the land.  And with that pronouncement, Boehner takes his place in the Guiness Book of World Records as the only man to have surrendered more than the French Army.

 In fact, emblazoned above the Speaker’s office is a giant motto, “Surrender early and surrender often.”

 During the last two years, Boehner did nothing but surrender.  Was Obamacare defunded?  No, but he did make sure we had a bunch of worthless symbolic votes on Obamacare that would do nothing.  Was government shrunk?   No.  In 2011, spending was up 3% over Nancy Pelosi’s last year.

 In fact, can anyone show me a single conservative accomplishment for Boehner’s first term as the Speaker?

 The closest thing to an accomplishment is his golf game with Obama.   Or perhaps his greatest accomplishment was the times he sent the House into recess so no more damage could be done.

 What will Boehner do in the next two years?  He will not solved our fiscal cliff problem.   He will agree to a solution that simply pushes the problem down the road.   He will agree to a “grand bargain” with the Democrats, which involves immediate tax hikes with promised spending cuts (other than military cuts) at some point down the road.

 A friend of mine who is a Washington insider told me an interesting story about Boehner.  He was one of Gingrich’s lieutenants during the 1995 government shut down.  According to my friend, Boehner told people that he learned his lesson from 1995.  Never pick a fight with the President.  That is Boehner’s wisdom.

 He will not fight Obama.  He will roll over.   He rolled over when the debt ceiling fights came up.  He rolled over when the budget fights happened.  He is going to roll over when Harry Reid and Barack Obama demand new taxes.

 Enough is enough.

 Boehner is a feckless failure.  He must go.

 We conservatives need to start calling our Republican Congressmen and demanding that they pick someone else, other than John Boehner to be the House Speaker.

 Who could it be?

 First House rules do not require the Speaker to be a member of the House.   A new speaker can be someone who is not a Member of Congress.  Or, it can be a sitting member of Congress.   

 Honestly, it does not matter, as long as it is not Boehner. 

 How about Paul Ryan?

 Ryan did well on the campaign trail.  He has shown a willingness to confront the Democrats and understands not only the budget but also the desperate need to fix the problems that are going to destroy America.

 How about Allen West, whether or not he wins his recount?   How about Michele Bachmann?  She has shown courage and a willingness to take on tough issues.  Plus, she could be good narrowing the so-called “gender gap” we saw in this last election.

 We must have new Republican leadership.  It starts with the Speaker of the House and it must go through the Party and to the next nominee for President.

It is time for conservatives to stand up and fight.  Yes we are discouraged and depressed after the election on Tuesday.  We are mourning the loss of our nation.  We have seen defeat after defeat, yet we cannot give up.

 We must start our insurrection now.  What must we do?

 Let’s start our next battle now.  

 Having just lost this fight, a new fight is probably the last thing most people are thinking about.  Yet, time dictates that we must fight now. 

 What is this fight?

 We must fight to replace John Boehner as the Speaker of the House.

 On election night, while a disaster of unimaginable proportions unfolded, Boehner gleefully appeared on a stage in Washington to announce that the Republicans were holding the House and by extension, he was keeping his job.

 Can someone give me one reason why Boehner should keep his job?

 Within a day of the election, he announced that he was putting tax hikes on the table.  Boehner wasted no time in raising his freshly laundered white flag of surrender again.

 Just after this gem, Boehner announced he was not fighting Obamacare any more.  It would be hard to call what Boehner was doing a fight.  Perhaps a slow motion surrender would be more accurate.  Boehner announced that Obamacare is now the law of the land.  And with that pronouncement, Boehner takes his place in the Guiness Book of World Records as the only man to have surrendered more than the French Army.

 In fact, emblazoned above the Speaker’s office is a giant motto, “Surrender early and surrender often.”

 During the last two years, Boehner did nothing but surrender.  Was Obamacare defunded?  No, but he did make sure we had a bunch of worthless symbolic votes on Obamacare that would do nothing.  Was government shrunk?   No.  In 2011, spending was up 3% over Nancy Pelosi’s last year.

 In fact, can anyone show me a single conservative accomplishment for Boehner’s first term as the Speaker?

 The closest thing to an accomplishment is his golf game with Obama.   Or perhaps his greatest accomplishment was the times he sent the House into recess so no more damage could be done.

 What will Boehner do in the next two years?  He will not solved our fiscal cliff problem.   He will agree to a solution that simply pushes the problem down the road.   He will agree to a “grand bargain” with the Democrats, which involves immediate tax hikes with promised spending cuts (other than military cuts) at some point down the road.

 A friend of mine who is a Washington insider told me an interesting story about Boehner.  He was one of Gingrich’s lieutenants during the 1995 government shut down.  According to my friend, Boehner told people that he learned his lesson from 1995.  Never pick a fight with the President.  That is Boehner’s wisdom.

 He will not fight Obama.  He will roll over.   He rolled over when the debt ceiling fights came up.  He rolled over when the budget fights happened.  He is going to roll over when Harry Reid and Barack Obama demand new taxes.

 Enough is enough.

 Boehner is a feckless failure.  He must go.

 We conservatives need to start calling our Republican Congressmen and demanding that they pick someone else, other than John Boehner to be the House Speaker.

 Who could it be?

 First House rules do not require the Speaker to be a member of the House.   A new speaker can be someone who is not a Member of Congress.  Or, it can be a sitting member of Congress.   

 Honestly, it does not matter, as long as it is not Boehner. 

 How about Paul Ryan?

 Ryan did well on the campaign trail.  He has shown a willingness to confront the Democrats and understands not only the budget but also the desperate need to fix the problems that are going to destroy America.

 How about Allen West, whether or not he wins his recount?   How about Michele Bachmann?  She has shown courage and a willingness to take on tough issues.  Plus, she could be good narrowing the so-called “gender gap” we saw in this last election.

 We must have new Republican leadership.  It starts with the Speaker of the House and it must go through the Party and to the next nominee for President.

Where do we go from here? – Tea Party Nation

Tea Party Foundation

Tea Party Foundation (Photo credit: Think-N-Evolve)

Where do we go from here? – Tea Party Nation.

Posted by Judson Phillips

Despite the desire for a carefully choreographed convention, the Republican National Convention got off to a bumpy start yesterday with a fight over the rules that govern the Party. 

 The rule changes were a direct slam at grassroots activists and a power play by the victorious Party Establishment. 

 Many grassroots activists are furious with the GOP.  So where do we go from here?

 If you have seen the old movie Glengarry Glen Ross, you may remember the speech given by the character played by Alec Baldwin.  It is the ABC speech.  In the movie, ABC stands for, “Always be closing.”   Since the movie deals with salesmen in a Real Estate office, that makes sense.

 Our motto, our speech is OMG.  Obama must go. 

 The rule changes at the Republican Party are designed to consolidate power in the Party Establishment. They make it harder for grassroots activists, such as the Tea Party to change the party.  They can best be described as a ham-handed effort by Team Romney to eliminate any possibility of party dissent should he win and seek reelection in 2016.

 It flies in the face of everything the Tea Party stands for and every reason the Tea Party came into existence.

 OMG.  Obama must go.   Harry Reid must go.

 There were several rules that were changed, including rules concerning the selection of delegates and how they are bound.   The Republican Party has a huge issue in front of it and it is not how the delegates are chosen or bound. 

 It is how the candidates are selected.

 In many states, there are open primaries.   The problem with open primaries is that it allows the other side to cross over and vote in Republican primaries. 

 Does anyone else have a problem with the other side choosing our candidates?

 This has actually become a tactic.  Earlier this year, in Indiana, the Young Guns PAC, which is associated with House Majority Leader Eric Cantor, encouraged Democrats to come out and vote for Richard Lugar

 What?

 Yes, that really happened.

 In 2008, Rush Limbaugh famously encouraged “Operation Chaos,” where he encouraged conservative Republicans to go vote in the Democrat primaries to keep that race going on as long as possible.  Does anyone doubt the favor was returned in 2012?

 In Missouri, Todd Akin was the favored choice of opponents by Democrat Claire McCaskill.  The Democrats spent $1.5 million in ads that were designed to help Akin.   Does anyone doubt that Democrats were crossing over to help get Akin nominated?

 The real reform that Republicans need to push is reforms that make certain Republicans, not Democrats, select the Republican nominee for office.

 Does this mean that there would be a greater role for the Party Establishment in these selections?  Sure.  But which is worse?  The Party Establishment having a much greater influence on the nomination or the other party?

 Besides, grassroots activists, particularly at the local level, can take over the Party.  This has been done in many places and is still on going.

 Meanwhile, Conservatives remain justifiably outraged about what has happened in Tampa.  One delegate from Minnesota was quoted as they walked out about going to a third party. 

 Guess what?  OMG still applies.

 Obama must go.  Harry Reid must go. 

 The way Team Romney handled these rule changes was nothing short of a disaster.  But I am also a believer in the law of unintended consequences.   Those rules should be examined after the anger is passed and we in the grassroots should look and see what we can do to give the establishment a taste of their own medicine.

 Meanwhile, the most important fact of all has not changed.

 OMG.  Obama must go.

Does the Democratic Parrty have a Death Wish? – Tea Party Nation

 

 

Does the Democratic Parrty have a Death Wish? – Tea Party Nation.

By Alan Caruba

Does the Democratic Party have a death wish? It continues to display a suicidal desire to offend the delegates to its forthcoming convention and the rest of the voters.

In recent days we learned that it is contemplating a platform plank that would endorse same-sex marriage, something that its core African-American voters detest. Maybe they are after the gay vote, but gays constitute barely three percent of the population and not all are Democrats.

It has been announced that former President Jimmy Carter will address the convention via video. Widely regarded as the worst president of the modern era, if not of all the presidents until Obama was elected, Carter in his post-presidential life is best known for embracing every dictator he ever met, for attacking Israel as an “apartheid” state and as a staunch defender of the Palestinians whom even fellow Arabs dislike. I am sure many American Jews, another voting bloc for Democrats, will likely be offended by his participation.

Elizabeth Warren, a Massachusetts candidate for the Senate who originated the “You didn’t build that” meme that Obama embraced will be another convention speaker and, it turns out, she enhanced her resume by claiming to be a native American with an infinitesimal amount of Cherokee blood. Even the Cherokee nation has disowned her. There goes the Native American vote.

In an odd decision the Democrats have given the job of nominating Obama to former President Bill Clinton. Never mind that he was the first President since Andrew Johnson to be impeached while in office or the first to be exposed for having an affair with a White House intern as young as his daughter. As President, he witnessed the return to power in Congress by Republicans. Many of the programs for which he is given credit were initiated by them. Obama has just used yet another executive order to gut the welfare reform program he signed into law!

Meanwhile, President Obama continues to campaign by calling for higher taxes on everyone, but carefully never mentioning his much-hated signature legislation, Obamacare. Catholic delegates to the convention may be wondering if they have to park their conscience at the door given the Obamacare mandates regarding abortion issues.

Then there’s the little problem of more than forty-two straight months of unemployment in excess of eight percent or the three years without a budget vote. Running a nation on continuing resolutions is a very bad idea.

Harry Reid, the Majority Leader in the Senate who has blocked more bills from even being debated than anyone in modern memory, recently stood in the well of the Senate to announce that an anonymous source—a little birdie—told him that Mitt Romney had not filed his tax returns since shortly after the end of the Civil War. He was soundly denounced for such piffle, but it does reflect the kind of lies the Democrats are now resorting to.

Advertising supporting Obama’s reelection has included one that suggests that Mitt Romney was responsible for a woman’s death even though it occurred years after he had left Bain Capitol and was filled with other lies. An earlier Democratic ad portrayed Vice Presidential pick, Rep. Paul Ryan, pushing an old lady in a wheelchair off a cliff. Campaigns have always been ugly, but suggesting one’s opponents are murderers is a new low. The odds are we have not yet seen them reach the bottom rung of iniquity.

The Ohio Democratic Party law suit to deny an early voting option to those serving in the U.S. military is yet another dumb move and it is widely believed that the Democrats are again looking to have dead people vote in large numbers.

Has, in fact, a political party ever had a more deceitful and distasteful group of leaders than Harry Reid, Senate Majority Leader, Nancy Pelosi, House Minority Leader, and Rep. Debbie Wasserman Schultz, the current DNC chairwoman?

Does it strike anyone as hypocritical and absurd that while the DNC hammers Romney to release his tax returns, Obama has yet to have released his college transcripts, the passport on which he traveled to Pakistan, or any records that might provide some truth as an alternative to the fairy tale memoirs he has written?

Who else can the DNC offend? It would not surprise me to see a Muslim imam get the call to provide the opening and closing prayers.

© Alan Caruba, 2012

 

Krauthammer On Reid: This Is As Low As You Can Go – Political News Video

 

Krauthammer On Reid: This Is As Low As You Can Go – Political News Video.

 

“The hypocrisy of Democrats on this! You remember, it’s Democrats and liberals in the media who take endless pride in having opposed McCarthyism. The essence of McCarthyism is to use a high place – high office – to make innuendo, unsubstantiated charges, and then destroy other people by means of doing that.”

 

Are they serious? – Tea Party Nation

Are they serious? – Tea Party Nation.

Posted by Judson Phillips

The Republican Party stands at the abyss.  Either they are going to be a conservative party or they are going to be a party of big government statists, who simply compete with the other guys to see who can control big government.

 

How will we know if they are serious?

 

On July 11th, the House is going to vote on the Obamacare repeal.  The repeal vote is a foregone conclusion.   Probably every Republican and a few endangered Democrats will vote to repeal Obamacare.

 

Does anyone remember January 2011?

 

The Republicans held their first vote and it was to repeal Obamacare.  The House bill passed overwhelmingly.   It went to the Senate where Harry Reid and the Party of Treason made sure it died quickly. 

 

After that, the Republican leadership shrugged their collective shoulders, said, “we tried,” then went on to the next item of business which was spending more money than Nancy Pelosi did while she was speaker.

 

The Republicans in the House were able to return to their districts and tell their voters, “We tried but that damned Harry Reid stopped us.”

 

Unfortunately far too many people bought that.

 

If the Republicans were serious about repealing Obamacare, they would have to do more than just a vote.  There are a number of strategies, starting with holding up bills in the House to force the Senate to act.

 

But the Republican leadership did none of that.  All they wanted was their symbolic vote so they could go home and say, “See we tried.”

 

Now we face the disaster of a Mitt Romney nomination.

 

Romney only wants to repeal Obamacare so he can replace it with Romneycare.  If you read his plan, he wants to act just like Obama by trying to repeal Obamacare by executive order instead of having Congress repeal the law.  What Romney should be saying is that he wants the new Republican controlled House and Senate to have a bill repealing Obamacare waiting on him and as soon as he is sworn in, he will sign the bill.

 

Someone needs to tell Mitt what the Constitution says.

 

Mitt Romney’s plan is called “Repeal and Replace.”

 

Here is a plan for the Republicans to consider.  Repeal and let the free market work.

 

Want to bring down costs?  Figure out ways to make insurance companies compete with each other.  Eliminate the prohibitions against purchasing insurance across state lines.  (Here’s a hint to the Republicans.   That is interstate commerce, which is a power given to the Federal Government.)

 

Just in case anyone missed it, the big insurance companies do not want competition.  If there is no competition, they can charge what ever they want and do not have to be competitive.  They also do not like lawsuits because they will actually have to pay out damages, which is why people buy insurance to begin with. 

 

In the next few days, we will see how serious the GOP is.  If they are simply going to do another symbolic vote so they can go home and say, “I voted to repeal,” and “Vote against the Democrats because they would not repeal,” then we know where they really are.

 

A few days ago, I spoke with a major Republican Congressman in DC and I told this Congressman we were sick and tired of the games.  We do not simply want “Votes.”  We want success.  We want to make this happen.

 

If the Republican leadership only wants to play games, then the people can do that too.

Lights go dim on another energy project – Washington Times

Official portrait of United States Department ...

Official portrait of United States Department of Energy Secretary Steven Chu. (Photo credit: Wikipedia)

Lights go dim on another energy project – Washington Times.

Geothermal losses pile up

By Chuck Neubauer – The Washington Times

A geothermal energy company with a $98.5 million loan guarantee from the Obama administration for an alternative energy project in Nevada – which received hearty endorsements from Energy Secretary Steven Chu and Senate Majority Leader Harry Reid – faces financial problems, and the company’s auditors have questioned whether it can stay in business.

Much like Solyndra LLC, a California solar-panel manufacturer with a $535 million federal loan guarantee that went bankrupt, Nevada Geothermal Power (NGP) has incurred $98 million in net losses over the past several years, has substantial debts and does not generate enough cash from its current operations after debt-service costs, an internal audit said.

“The company’s ability to continue as a going concern is dependent on its available cash and its ability to continue to raise funds to support corporate operations and the development of other properties,” NGP auditors said in a financial statement for the period ending March 31.

“Consequently, material uncertainties exist which cast significant doubt upon the company’s ability to continue as a going concern,” the statement said.

Mr. Reid, a Nevada Democrat who led passage of the $814 billion stimulus bill and worked to include the loan guarantee program to help finance clean-energy projects, predicted in 2010 that NGP would “put Nevadans to work” and declared that Nevada was the “Saudi Arabia of geothermal energy.”

Mr. Chu celebrated NGP’s potential in his June 2010 announcement of the loan guarantee, saying the federal government’s support of the company demonstrated its commitment to geothermal power to achieve the nation’s clean-energy goals.

But Rep. Jim Jordan, Ohio Republican and chairman of the House Oversight and Government Reform subcommittee on regulatory affairs, stimulus oversight and government spending, is concerned about NGP’s finances and the timing of the loan guarantee.

“The company was in danger of defaulting on its financial obligation, and the [Department of Energy‘s] assistance served as a de facto bailout,” Mr. Jordan said. “After receiving a taxpayer-backed $98.5 million loan guarantee, the company is still struggling.”

He said the loan guarantee “essentially served to prop up an already-faltering firm.”

In January, Rep. Darrell E. Issa, California Republican andchairman of the House Oversight and Government Reform Committee, told Mr. Chu that the NGP loan guarantee raised questions about why the Energy Department was investing significant taxpayer resources in a company with well-established financial problems.

‘Save the failing company’

At the time the Energy Department announced its conditional approval of the guarantee, Mr. Issa said NGP would have defaulted on a loan from TCW Asset Management Co., then its primary lender, “had DOE not swooped in to save the failing company with taxpayer money.”

A committee report said the loan did not finance any new construction and “did not help to create a single job.”

During a House hearing in May, Rep. Frank C. Guinta, New Hampshire Republican, asked why NGP needed a government loan in 2010 just a year after it had received financing to get its plant up and running. He said it didn’t sound like a loan but a bailout.

“I don’t see it’s a good practice for the Department of Energy to use taxpayer-subsidized loans to provide to an entity that already has an existing facility,” he said.

Mr. Jordan said the Energy Department handed out more than 20 loan guarantees to companies with an average credit rating of BB-, or “junk status,” meaning they were vulnerable to default if economic or business conditions changed. NPG was rated BB+, which is considered speculative or junk and a step below investment grade.

Mr. Jordan and Mr. Issa have questioned why taxpayer money was “put at such risk.”

Brian D. Fairbank, president and CEO of NGP, defended the company by saying its auditors were required to list all risks the firm faced because its stock is traded publicly. But, he said, NGP is making its payments on its federally backed loan.

“The loan is in good shape. The loan is fully supported,” he said, noting that the federally guaranteed loan went to an NGP subsidiary known as NGP Blue Mountain 1, for which he also serves as president and CEO.

The Energy Department guaranteed nearly $79 million, or 80 percent of the $98.5 million loan, financed in 2010 by John Hancock Financial Services. The loan is secured by assets from Blue Mountain 1 and gets paid from revenues generated by a 20-year power purchase agreement with NV Energy (formerly Nevada Power Co.).

“There is no question we benefited from the loan guarantee,” said Mr. Fairbank, adding that it helped them get the Hancock loan 4.14 percent compared with the 14 percent interest rate the company was paying on its existing debt with another lender.

Another loan

Mr. Fairbank acknowledged that NGP is not current on a separate high-interest $88.4 million loan from a Washington investment firm, which is not backed by the federal government and is subordinate to the federal guaranteed loan – meaning John Hancock and the Energy Department have first claim on Blue Mountain’s assets and earnings in a default.

JohnMcIlveen, a stock analyst at Toronto-based Jacob Securities Inc. who monitors NPG, said he did not think the federally guaranteed loan was in trouble because it “holds all the cards.” But he said he did not see the subordinate lender “getting out whole.”

He said Blue Mountain 1 is not producing as much energy as the company had hoped and needs $20 million to help increase its capacity, which could be difficult to raise.

Energy Department spokesman Dan Leistikow defended the loan guarantee by saying NGP was continuing to make its loan payments “on time and in full.”

Mr. Reid’s spokeswoman Kristen Orthman said NGP has received bipartisan support because “programs and incentives for clean energy have helped create jobs and make Nevada a growing leader in geothermal energy production.”

Mr. Fairbank denied knowing or lobbying Mr. Reid, but the House Oversight Committee said Ormat Inc., which was paid $80 million to build NGP’s Blue Mountain plant, has “strong ties” to the senator. It said two former Reid staffers, Kai Anderson and Paul Thomsen, work for Ormat.

NGP said it will hold its annual shareholders meeting July 24 in Vancouver, British Columbia, during which Mr. Fairbank is expected to discuss the firm’s debts, a recapitalization plan and steps that have been taken to reduce operating costs, including ending its registration and over-the-counter listings in the United States to eliminate the costs of Securities and Exchange Commission reporting requirements.

Much like NGP, Mr. Chu praised Solyndra after the company was awarded its $535 million federal loan guarantee, but two years later it filed for bankruptcy. It remains the focus of a criminal investigation by the Justice Department.

The silver lining? Now Obama owns his tax hikes – Washington Times – Charles Hurt

John Roberts - Caricature

John Roberts – Caricature (Photo credit: DonkeyHotey)

The silver lining? Now Obama owns his tax hikes – Washington Times – Charles Hurt .

Conservatives gathering now for a low-tech lynching of Chief Justice John G. Roberts Jr. need to take a quick breath of air and think about what he managed to accomplish by upholding President Obama’s highly unpopular, signature piece of legislation.

Though he shocked many by joining the left plank on the high court, Justice Roberts. pretty much did what he was supposed to do. He finally put a boundary on how much freedom the federal government can gobble up from states and individuals under the “commerce clause” — that most specious scheme for so much federal thievery.

Then he told President Obama and his kleptocrats in Congress that they can have their health care law, but they cannot keep lying about it. A tax is a tax and they are liars if they call it anything else. And they just stuck the crippled American taxpayer with one of the biggest, broadest, most regressive tax-hikes in history — and during a deep recession!

Finally, Justice Roberts turned to the bumbling, tongue-twisted and goofball opposition party — sometimes called the “Republican” party but usually called the “stupid” or “slow” party — and told them to man up, quit whining and fix the horrific mess that they are so much responsible for. They may have messed their diaper, but he’s not changing it for them.

OK, fine, maybe Republicans didn’t vote for Obamacare. Woo-hoo! And that got us, well, Obamacare anyway.

Yes, Republicans are nearly equally responsible for Obamacare because they set the stage perfectly for Mr. Obama’s unquestioned ascent to the White House and handed his kleptocrats complete control of Congress for the first two years of the Great Taxus Interegnum.

So badly had they mishandled the economy and everything else and so badly had they compromised and corrupted themselves that even Nancy Pelosi and Harry Reid became viable options for leadership.

It was under the dazed gaze of San Fran Pelosi and the fat-fisted leadership of Vegas Reid that we got stuck with Obamacare.

In response to an ocean of debt, out-of-control spending and taxpayers running out of money, Mrs. Pelosi, Mr. Reid and Mr. Obama decided to double down on the debt, spend even more money we don’t have and take away what little money taxpayers had left.

And in response to the highest unemployment in decades, they decided to take even more money away from the companies that provide jobs. And then they yoked those companies with Obamacare.

Somehow, Republicans were not able to make a coherent argument against all of this. They could not make the simple argument that if you don’t like your postal service, you aren’t going to like health care brought to you by the federal government either.

Now, going into the election, President Obama has his law and now he must live with it. He must own it. And he must be judged for the massive taxes his law will levy on innocent Americans.

And then it will be up to Mitt Romney and a new set of Republicans to clean up this legislative cesspool.

Because, as Justice Roberts eloquently writes:

“Members of this Court are vested with the authority to interpret the law; we possess neither the expertise nor the prerogative to make policy judgments. Those decisions are entrusted to our nation´s elected leaders, who can be thrown out of office if the people disagree with them. It is not our job to protect the people from the consequences of their political choices.”

Thanks to Harry Reid, illegal aliens will continue to receive IRS refunds – National Immigration Reform | Examiner.com

Harry Reid - Caricature

Harry Reid – Caricature (Photo credit: DonkeyHotey)

Thanks to Harry Reid, illegal aliens will continue to receive IRS refunds – National Immigration Reform | Examiner.com.

By Dave Gibson

 

On Tuesday, Senate Majority Leader Harry Reid (D-NV) blocked a move to bring the Child Tax Credit Integrity Preservation Act (S577) to the floor, and in doing so, assured that those working in this country illegally will continue to receive billions of dollars in tax refunds for children that do not even live in this country.

In 2011, U.S. Treasury Department Inspector General Russell George released a report revealing that the Internal Revenue Service doled out $4.2 billion in refundable tax credits to illegal alien in 2010 alone.

The refunds were given in the form of the so-called ‘earned income child tax credits,’ which are designed to alleviate the tax burden on low income wage earners with children.

The problem has arisen through the use of individual taxpayer identification numbers (ITINs) which many illegal aliens use as they are not authorized to work in the United States and do not have legitimate Social Security numbers.

In fact, the audit showed that 72 percent of tax returns filed by those using taxpayer identification numbers, rather than Social Security numbers claimed the child tax credit.

The report states: “The payment of federal funds through this tax benefit appears to provide an additional incentive for aliens to enter, reside and work in the United States without authorization, which contradicts federal law and policy.”

The Inspector General recommended that the IRS require those claiming the credit to prove that they are actually eligible to work here legally.

However, IRS management claims that they have no legal authority to ask for such proof when processing individual income tax forms.

After it became clear that the Obama administration would not move to close this loophole, the Inspector General asked that Congress take action to do so.

While the House of Representatives has passed legislation to to this end, Reid’s refusal to allow a vote on the measure in the Senate assures the problem will remain for at least another year.

In a press release, Sen. Jeff Sessions (R-AL) who co-sponsored S577, stated: “I’m disappointed that the Majority Leader objected to our effort today to prevent billions in tax credits from being wrongly sent to illegal immigrants claiming they have dependents, many of whom do not live in the US. This should not be a partisan issue: it is wrong for the government to use Americans’ tax dollars to directly subsidize illegality, especially at a time when our nation is spending so much money we don’t have.”

Sessions also pointed out that the $4 billion being given to illegal aliens by way of the tax credit loophole is “roughly the same amount the President proposes to raise annually by instituting the new Warren Buffett Tax.”

So, for now illegal aliens will continue to get billions in tax refunds for not only their own children, but in many cases for their nieces and nephews who still live in Mexico.

Of course, this is not the first time Sen. Reid has used his powerful position to work on behalf of illegal aliens…

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