Tampa Tea Party Blog
Fannie, Freddie Bailout Will Cost Double of Earlier Estimates

Via HotAir quoting the Dallas News:

Rescuing mortgage buyers Fannie Mae and Freddie Mac could cost as taxpayers as much as $363 billion over the next three years, more than double the current amount, a federal regulator said Thursday.

The two companies could end up costing taxpayers $221 billion to $363 billion through 2013, the Federal Housing Finance Agency projected. The actual amount will depend on whether home prices stabilize or take another dive, the agency said. …

When the government stepped in to take them over in September 2008, the rescue was only expected to cost a combined $200 billion. Fannie and Freddie have already received $148 billion from the government.

It’s the first time the agency has released a public estimate of the taxpayer tab. The combined bailout of the two companies is on track to be the largest of the financial crisis.

Reminders:

- Obama administration removed the $400 Billion cap on the Fannie/Freddie bailout.

- D.C. just this summer said reforming Fannie/Freddie would be “too complicated” to do now so left them untouched in the Wall Street regulation bill passed this summer. Punting, promising to review the situation of the big campaign contributors sometime in the future.

Ed Morrissey of HotAir suggests reading this recent book for “one of the best and most concise analyses I’ve yet read” of Fannie/Freddie.

$800B later Obama learns “there’s no such thing as shovel-ready projects” for public works

The $800 Billion lesson. In a New York Times Magazine article titled “The Education of a President”, Obama reflects:

While proud of his record, Obama has already begun thinking about what went wrong — and what he needs to do to change course for the next two years. He has spent what one aide called a lot of time talking about Obama 2.0 with his new interim chief of staff, Pete Rouse, and his deputy chief of staff, Jim Messina. During our hour together, Obama told me he had no regrets about the broad direction of his presidency. But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.” He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works. Perhaps he should not have proposed tax breaks as part of his stimulus and instead “let the Republicans insist on the tax cuts” so it could be seen as a bipartisan compromise.

Admission 1: Stimulus, as just about everyone knew except for the president it seems, could not possibly live up to its false promises. The smart folks new BEFORE $800 billion was committed that it was the wrong prescription for what ails this country.

Admission 2: President “I won” Obama admits shutting Republicans out of participation.

Last Day to Register for General Election

October 4, 2010 - Tampa, FL - Earl Lennard, Hillsborough County Supervisor of Elections, reminds the public that today is the last day for Hillsborough County residents to register to vote in the upcoming 2010 General Election.
 
"Hillsborough County residents can download the registration form on our website, www.votehillsborough.org, or, they can register at any of the public libraries, Department of Motor Vehicles, at our downtown office located on the 16th floor at 601 E. Kennedy Blvd., or at the Robert L. Gilder Elections Service Center, on 2514 Falkenburg Road,” said Lennard.
 
All mailed in registration forms must be postmarked by October 4th, or hand delivered to one of the two Election Offices by 5 p.m. on October 4th, 2010.

Video: Alan Grayson, A National Embarrassment

Sunshine: Alan Grayson down 7 points

Let the sunshine in. From Sunshine State News Poll:

In one of the most closely watched U.S. House races in the nation, Republican Daniel Webster now holds a 7-point lead over Democratic Rep. Alan Grayson in Central Florida’s 8th Congressional District, according to a new Sunshine State News Poll.

—-

"It’s his character to say foolish things, and he doesn’t handle stress well. He’ll see this poll and get more desperate," said Gaitens…

—-

Female voters are anything but ambivalent about Grayson — “They really loathe him,” Lee reported. With Grayson’s 33/53 favorable/unfavorable rating among women, Webster’s lead among females is much stronger (45/33 over Grayson) compared to a statistical tie (41/40 Webster) among males. 

But wait! There’s more?

But take heart; the latest Sunshine State Poll was conducted mainly before the smear in the “Taliban Dan” ad was exposed and widely condemned, which means Grayson may still be hurtling downward.

Waiting for Superman review.

“Waiting for ‘Superman’” is not only the most important documentary made in many a year but it might also help to restore a little of your faith in humanity, and I’m not even talking about the movie itself, which I’ll get to in a bit. I’m talking about its creator David Guggenheim, best known for directing and winning the Oscar for Al Gore’s alarmist global warming screed “An Inconvenient Truth.” In an era when, in order to hold on to power and take control of our lives, the Left tells Big Lies just as quickly as they can make them up, along comes Guggenheim, an acknowledged pro-union liberal, to take on the most powerful, and in my opinion destructive, special interest group in America: the national teachers union.

Update: NJ Republican Governor Chris Christie doesn’t want to wait. He wants to test teachers in reading and math.

“We cannot wait. Your children are sitting in these classrooms today. We cannot wait to make it better,” Christie told CBS 2’s Marcia Kramer.

Unqualified teachers will feel the lash. The governor is demanding that teachers in kindergarten through fifth grade actually pass tests in reading and math in order to be certified.

——

* Prohibit salary scales based on seniority

* Grant raises based on classroom performance

* Give tenure based on classroom performance

Senate report: New EPA rules mean “up to 798,250 jobs at risk”

New EPA rules will outsource pollution and jobs to China.

it’s not just the Senate Environment and Public Works Committee’s minority contingent that fears the loss of nearly a million jobs from new EPA rules on greenhouse gases and other emissions issues.  It’s also groups like the United Steel Workers, Unions for Jobs and the Environment, and experts like King’s College Professor Ragnar Lofstedt.

Here is what the report finds:

New standards for commercial and industrial boilers: up to 798,250 jobs at risk;

The revised National Ambient Air Quality Standard for ozone: severe restrictions on job creation and business expansion in hundreds of counties nationwide.

New standards for Portland Cement plants: up to 18 cement plants at risk of shutting down, threatening nearly 1,800 direct jobs and 9,000 indirect jobs;

The Endangerment Finding/Tailoring Rules for Greenhouse Gas Emissions: higher energy costs; jobs moving overseas; severe economic impacts on the poor, the elderly, minorities, and those on fixed incomes; 6.1 million sources subject to EPA control and regulation;

From HotAir:

Again, no facility in the US meets the standards proposed by the EPA.  Imposition of these standards would at least temporarily close almost 20 percent of all American cement producers and reduce long-term cement production from 8-15%.  The cement that will be needed for construction demand will have to be imported, primarily from China, which is expanding their cement production using environmental standards significantly below current American standards.  In other words, we can expect more pollution, not less — just outsourced along with the jobs in the industry.

Aug 25th Tampa Tea Party Rally with Marco Rubio

Announcing a new Meetup for Tampa Tea Party Members:

What: RECLAIM AMERICA RALLY WITH MARCO RUBIO

When: Wednesday, August 25, 2010 9:30 AM

Where: GRAND HYATT AT ROCKY POINT
2900 BAYPORT DRIVE AUDUBON ROOM
Tampa, FL 33607

RECLAIM AMERICA RALLY

WITH MARCO RUBIO

JUST ANNOUNCED!
MARCO RUBIO, CANDIDATE FOR THE UNITED STATES SENATE
WILL HOLD A RECLAIM AMERICA UNITY RALLY

WEDNESDAY, AUGUST 25, 2010

9:30 AM DOORS OPEN
9:45 EVENT BEGINS

THE GRAND HYATT AT ROCKY POINT
AUDUBON ROOM
2900 BAYPORT DRIVE
TAMPA, FLORIDA

IT IS TIME FOR VICTORY IN NOVEMBER

FOR MORE INFORMATION CONTACT
Ashley Beach
ASHLEY@MARCORUBIO.COM
239-634-2293
OR
Deborah Cox-Roush
DEBORAH.COX-ROUSH@HCRP.ORG
813-434-5285

RSVP to this Meetup:
http://www.meetup.com/Tampa-Tea-Party/calendar/14501123/

Early Primary Voting Ends Today

Early primary voting ends today. In Hillsborough voting ends at 5pm or 6pm depending on location. See this link for details: http://bit.ly/a3gCkM. In Pinellas County early voting ends at noon: http://bit.ly/9e2uVM.

It’s time to support those candidates who believe in returning government AT ALL LEVELS to it’s proper role of  LIMITED government and the Tampa Tea Party’s basic principles:

  • Limited Government
  • Fiscal Responsibility
  • Free Markets
  • Individual Liberties
  • A Return to Constitutional Governance

Tampa Tea Party has endorsed Josh Burgin, Candidate for County Commission, District 7, county wide seat.  Get out today and on Tuesday to support Josh who is fighting to protect the taxpayers of Hillsborough County by helping STOP the proposed 14% sales tax increase to fund a light rail system in Hillsborough County.

Hat tip: Tampa912 Project’s Primary Voter Guide for Hillsborough County Commissioners on the Rail Tax.
 
There is one issue currently confronting Hillsborough County that may well be the biggest indication of which candidates affirm the founding father’s view of the proper role of government.  That issue is on the November ballot and it is the doubling of the county tax to support mass transit (rail).
 
This tax, if passed, will give Hillsborough County the distinction of having the largest sales tax in any county in Florida which will severely impede job creation.  If the rail project goes forward, Hillsborough will be saddled with this tax into perpetuity as 100% of all rail projects require massive subsidies.  2005 data shows that while roads are subsidized to the tune of 0.4 cents per mile, mass transit is subsidized by taxpayers 64 cents per mile…a whopping 160-fold increase!
 
Besides cost considerations, there are issues with eminent domain and private property rights at stake.  Many have suggested that “progressives” are manufacturing a transportation “crisis” in Tampa to install central government planning initiatives and land use restrictions that interfere with private property rights.  Indeed Tampa’s commute time is at the national average (25.5 minutes) despite being the 20th largest metropolitan area.  While there is definitely room for improvement, it is not the crisis they would have you believe.  In fact, 16 of the 19 larger metro areas have mass transit and have far worse commute times than we have locally.  An optimistic projection is that despite the billions it will cost, rail will take only 1.5% of cars off Tampa roads.
 
HART released data Monday that projected in the year 2035, a ride from downtown to the airport by rail would be 26 minutes compared to only 18 minutes by car.  This demonstrates how misguided this plan is.
 
Having said this, the office responsible for this measure being placed on the ballot is the County Commission.  This tax initiative originated from the County Commission by a vote of 5-2 (Norman and Higginbotham voted against; Hagen, White, Ferlita, Sharpe and Beckner voted for).
 
The following is a list of the current County Commission candidates up for vote this Tuesday.  Next to their name is whether they have publicly stated they are for or against this overbearing tax.  Please use this information when you go to the polls today and on Tuesday.
 
Thanks!
Tampa 912 Project
 
2010 Hillsborough County Commission Candidates Voter Guide on the Sales Tax Ballot Initiative
 
District 1
✓ Sandra Murman (opposed to rail tax)   John Hendrix & Sharon Calvert have PERSONALLY endorsed Sandra
        Trey Rustmann (supports rail tax)
 
District 2
✓ Victor Crist (opposed to rail tax)
✓ Linda Pearson (opposed to rail tax)
 
District 7
✓ Josh Burgin (opposed to rail tax)
        Mark Sharpe (supports rail tax)
 
Time for YOU to do your PART - GET OUT AND VOTE!

Key WH Allies: Don’t claim ObamaCare reduces costs, instead promise to “improve it”

You have a “stimulus” that fails to stimulate and ObamaCare whose own proponents are now backtracking on its promises and admitting it needs changes. That’s some record of accomplishments to run on. Tell me again why you deserve to stay in power?

Key White House allies are dramatically shifting their attempts to defend health care legislation, abandoning claims that it will reduce costs and deficit, and instead stressing a promise to “improve it.”…

The confidential presentation, available in full here and provided to POLITICO by a source on the call, suggests that Democrats are acknowledging the failure of their predictions that the health care legislation would grow more popular after its passage, as its benefits became clear and rhetoric cooled. Instead, the presentation is designed to win over a skeptical public, and to defend the legislation — and in particular the individual mandate — from a push for repeal…

The presentation also concedes that the fiscal and economic arguments that were the White House’s first and most aggressive sales pitch have essentially failed…

The presentation’s final page of “Don’ts” counsels against claiming “the law will reduce costs and deficit.”

Why? Because ObamaCare was not just lousy policy that will do more harm than good, rammed through passage in Christmas Eve sessions with bribed congressmen and women it was sold by President Obama on cost saving lies that no one believed then or now. And the more time passes, the more Americans find out what is in the bill that had to be passed “so we could find out what is in it.”

The calculation for the political class who forced this on us was that the dumb citizenry would learn to love the policies that were shoved down our throats if we only had more time to be exposed to post-signing ObamaCare campaigning. The opposite has been true: CNN/Opinion Research poll: even more Americans are disliking ObamaCare the more time passes.

Just 44 percent favor the health care mandate, which has yet to take effect. Nearly the same number – 45 percent – favored the bill when it passed. Forty-nine percent favored the mandate in November 2009.

Fifty-six percent oppose the mandate, up 3 percentage points from when the bill passed.

Please vote.

Florida Voter Guide

Check out the Florida Voter Guide showing “candidates’ positions on Fiscal Responsibility, Limited Government and Free Markets.”

Democrats Crow That Conservatives Being Elected Are Extreme While New Rasmussen Polls Says “57% of Likely Voters Describe Democratic Congressional Agenda As Extreme”

Those on the left have always tried to paint Tea Partiers as extreme and are trying to do so now that Americans are choosing more “Tea Party” conservative candidates in primaries. They seem to A) ignore the fact that most Americans see the leftist policies recently enacted and encouraged by D.C. as extreme as new polls show and B) they ignore the reason the Tea Party movement grew so large, so fast was that its foundation tennet of fiscal conservatism is shared by an overwhelming majority of Americans.

Democrats, desperate for good news, are crowing that Americans selecting, non-career politician conservatives is somehow good news for them:

The White House and national Democrats were quick to celebrate Wednesday what they saw as a breakthrough in an otherwise bleak political year, with President Obama’s preferred candidate winning a key primary test in Colorado and Republican voters choosing “tea party”-backed insurgents over the GOP’s recruited candidates.

"Last night’s elections … were nothing but good news for the Democratic Party," White House Press Secretary Robert Gibbs said.

Why good news? The meme is that these candidates are extreme:

Sen. Robert Menendez of New Jersey, who leads the Senate Democrats’ campaign effort, called Buck an “extremist candidate” who joins the ranks of those “more concerned with imposing a strict social doctrine than with growing the economy.”

Yet after 4 years in power of Congress and a year and a half in control of the Presidency people see what these liberals actually do with their power and they don’t like it. In fact, in a Rasmussen poll out today finds “57% of Likely Voters Describe Democratic Congressional Agenda As Extreme”:

A new Rasmussen Reports national telephone survey finds that 57% of Likely U.S. Voters think the agenda of Democrats in Congress is extreme. Thirty-four percent (34%) say it is more accurate to describe the Democratic agenda as mainstream.

Gallup puts it kindly in its report released yesterday: “On the Issues, Obama Finds Majority Approval Elusive.”

Barack Obama’s 52% approval rating for handling race relations is the only issue among 13 tested in two recent Gallup polls for which the president receives majority-level approval. In fact, a majority disapprove of the job the president is doing on eight of these issues, with his worst scores for his handling of immigration and the federal budget deficit.

The numbers speak for themselves:

    * Healthcare policy: 40% Approve | 57% Disapprove
    * Economy: 38% Approve | 59% Disapprove
    * The federal deficit: 31% Approve | 64% Disapprove
    * Immigration: 29% Approve | 62% Disapprove

Brian Walsh, a spokesman for the GOP Senate campaign committee:

"While they’re attacking Republican candidates as extreme, voters across the country are saying what they consider extreme are the $13 trillion debt, a government takeover of health care and the prospect of the largest tax increase in history," he said. "Those are extreme policies."