political rant

February 4, 2009 at 10:05 am (Politics thoughts)

Why does it bother us when companies spend bailout money?

I was adamantly opposed to the original wall street bailout now known as the TARP (Troubled Asset Relief Program), which gave away around 800 Billion dollars. I was disgusted by the whole concept. I even went so far as to send out a massive amount of emails begging people to call their representatives and senators. And we were tremendously successful in showing our disgust and distaste. Of course our representatives didn’t listen to us because they knew we wouldn’t follow through with our threats and we promptly re-elected the clowns who shamefully gave away our money.

So now that these banks are given a fresh infusion of capital what do they do with it?

They spend it.

They spend it on corporate jets.

They spend it on corporate jaunts where they arrive on corporate jets.

They spend it on the naming rights of baseball stadiums where they can sit in luxury sky boxes.

They spend it on redecorating their offices.

They spend it on salaries for top executives.

And we have a problem with this because???

Sen. Richard Shelby of Alabama, the top Republican in the Senate Banking Committee tells us why we have a problem…

“But where you’ve got federal money involved, taxpayers’ money involved, TARP money involved, and the way they have spent it, with no accountability, is getting close to being criminal.”

And so now Obama and his newly appointed tax cheat, treasury secretary say that we should limit the executive pay of these banks to 500K per year.


I hated the bailout but now that we’ve given away money I say there should be no restrictions on how it is spent.


Because when it is spent it comes back to me.

When they buy airplanes California makes money.

When they visit San Diego for a week Sand Diego makes money.

When an executive gets paid 10 million dollars he spends millions of dollars. When and executive gets paid 500,000 he can’t spend millions.

Spending money is what gets the economy going.

The idea that the government can limit the pay of the successful is down right horrifying.

What have we become?

“It’s not fair that these guys make so much money!”

Evidently you don’t understand the meaning of the word fair. Would you think it “fair” to have your salary cut by 10%, 50%, 100%, 500%?

“500,000 is more than enough money to be able to live on.”

Granted. I will never in my life earn 500,000 a year (well maybe with inflation going the way it is I might). But think about people accustomed to earning millions per year now earning 500,000. What are they going to do? Make dramatic lifestyle changes. Meaning they will have to cut out of their budgets all kinds of things. You know what the number 1 thing people cut out of their budgets? Charitable contributions.

Remember getting that check from the government last year for 600, or 1,200 dollars? I didn’t ask for that check but they gave it to me. They gave you one too (assuming you’ve paid taxes). What did you do with that check?

I don’t care if you invested it, paid rent with it or put it on the spin of a roulette wheel, what you did with it is your business.

The government shouldn’t have given you it, but once they do they can’t tell you what to do with it.

“He’s gonna spread happiness. He’s gonna spread freedom.”

Freedom? Freedom? Freedom?

In another unrelated quote Obama said yesterday regarding the  Senator Daschle debacle…

“We can’t send a message to the American people that we’ve got two sets of rules — one for prominent people and one for ordinary people,”

hmmm if we are all going to be held to the same standards then when are we all going to have our pay determined by the governement?

ANSWER: When the governemnt controls all the jobs.

And the unimaginable is now not so far fetched is it?

He’s gonna spread happiness.

He’s gonna spread freedom.

Obama’s gonna change it.

Obama’s gonna lead us.

He’s gonna change it and rearrange it.

He’s gonna change the world.

this little girl was right



  1. Albino Hayford said,

    I believe President Obama is in way over his head. I feel like the dad watching his little girl at a piano recital completely blow it, because the musical number was too difficult for her. I hope not, but we might be watching a presidency more incompetent than Jimmy Carter’s administration. This editorialist agrees with me.

  2. Aunt Beth said,

    Daniel, I’ve been checking your blog regularly hoping to see a non-sports post squeezed in somewhere. Yahoo! Thank you.
    I heard today that WF canceled a Vegas get-away for top execs. Was this because of how the public would perceive it or was it because it might hurt their chances at qualifying for a gov’t handout? I don’t know, maybe it’s one and the same. I hope not though. I hope that the public opinion still influences private behavior. One of the reasons a gov’t bailout is such a bummer is that it makes more of America have a greater concerned with what the gov’t thinks of them than what the citizenry thinks. Education and healthcare are two sectors that don’t care a hoot about public opinion, largely because their money comes from the government. Thanks to the bailout more companies will care less about public opinion. That’s my convoluted two cents for now.

  3. Matt S said,

    On a side note,

    Is it too much to ask for Obama to select someone who is NOT a tax cheat to his cabinet?

    Just wondering.

  4. danielbalc said,

    I don’t think it’s a matter of being in over his head. I don’t see that at all.

    I think instead we are looking at a man who is the creation of a machine and who actually began to believe himself to be what everyone was saying he was. Now I think will gradually have to come to grips with the reality that it’s not what others say about you that defines you but what you are on the inside.

    Who is he on the inside? A big spending liberal with a desire for socialism (cough) equality.

    He’s FDR part 2. Or 5 I guess.

    But to really be FDR he needed to create a depression-like disaster for him to come in and rescue us from. Thus we see where we are today.

    It’s just so sad.

    Athena has planned a trip to Washington DC for my birthday in April. I’ve been reinvigorated in my patriotism by this upcoming trip. Last night I began watching the HBO miniseries John Adams on DVD.

    It’s incredible how far we’ve fallen from a confederation of colonies desperate for the right to govern themselves to a mass of helpless beggars crying out for someone to save us.

    The Revolution was a battle in which we were outnumbered, outgunned and out trained. But we had something worth fighting for: Liberty.

    Now we are a nation of the emasculated. We fight only for our right to a fat 401K.

    One of the things that surprised me regarding the Revolution -that I am now realizing while watching John Adams- was how difficult it was to get all of the colonies to agree to declare independence and be willing to fight for it.

    It wasn’t easy. It wasn’t like John Adams and Ben Franklin came in and said, “we want change! Yes we can!” It took months and months of debate and destruction to convince the colonial congress to agree and then finally when it came time for a vote they still didn’t have unanimous agreement.

    I recently re-read the declaration of independence and a certain phrase jumped out at me…

    Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes;

    whoa! Change, shouldn’t happen for light and transient causes? John McCain lost the election when he tried to adopt Obama’s message of “change”. Change was never what we needed, restoration was.

    But we have elected the changer.

    Is the changer in over his head? naaa. He’s in where he belongs. Forcing his changes, his agenda. Crying out “the sky is falling”, got him elected and it will assuredly get him his change.

    But there will still be some who believe in the heart of American principles. Some who will adhere to the constitution as their law and not the ebbs and flows of fads and celebrity fashions.

    What will you be?

  5. Athena said,

    Did you write this whole blog simply to mention your FAVORITE song?!! Hehehe

  6. danielbalc said,

    I you haven’t read Obama’s Op-Ed here it is… (along with some of my commentary)

    What Americans expect from Washington is action that matches the urgency they feel in their daily lives — action that’s swift, bold and wise enough for us to climb out of this crisis.

    Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse.
    (I loathe Fear-mongering. Even FDR had the intelligence to say, “we have nothing to fear but fear itself.” This opening statement is a continuation of his campaign which relied entirely on scaring the crap out of people)

    That’s why I feel such a sense of urgency about the recovery plan before Congress. With it, we will create or save more than 3 million jobs over the next two years, provide immediate tax relief to 95 percent of American workers, ignite spending by businesses and consumers alike, and take steps to strengthen our country for years to come. (why not provide immediate tax relief to 100% of American workers? WHY NOT!?!?!?!)

    This plan is more than a prescription for short-term spending — it’s a strategy for America’s long-term growth and opportunity in areas such as renewable energy, health care and education. And it’s a strategy that will be implemented with unprecedented transparency and accountability, so Americans know where their tax dollars are going and how they are being spent.
    (Energy, health care and education. Three things which are done best by the private sector. But the change plan think we should nationalize them all. hmmm)

    In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis — the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive.
    (Energy independence can be achieved by utilizing our own natural resources. But does he suggest we do that via drilling for oil? no, but rather by investing billions into less efficient models.)

    I reject these theories, and so did the American people when they went to the polls in November and voted resoundingly for change. (52% Mr. Obama. 52%).They know that we have tried it those ways for too long. And because we have, our health-care costs still rise faster than inflation. (Or this could be because of entitlement programs like medicare and Medicaid. just a thought.) Our dependence on foreign oil still threatens our economy and our security. (so use our own!) Our children still study in schools that put them at a disadvantage. (not a problem in private schools) We’ve seen the tragic consequences when our bridges crumble and our levees fail. (when the local governments rely to heavily on the federal government they crumble and fail) (how’s China’s nationalized infrastructure holding up?)

    Every day, our economy gets sicker — and the time for a remedy that puts Americans back to work, jump-starts our economy and invests in lasting growth is now.

    Now is the time to protect health insurance for the more than 8 million Americans at risk of losing their coverage and to computerize the health-care records of every American within five years, saving billions of dollars and countless lives in the process.

    Now is the time to save billions by making 2 million homes and 75 percent of federal buildings more energy-efficient, and to double our capacity to generate alternative sources of energy within three years. (this is interesting. Which 2 million homes? how do you get on that list?)

    Now is the time to give our children every advantage they need to compete by upgrading 10,000 schools with state-of-the-art classrooms, libraries and labs; by training our teachers in math and science; and by bringing the dream of a college education within reach for millions of Americans. (1. I’m not opposed to public school provided it’s run by local governments not federal. 2. Our teachers don’t know math and science? what the heck? 3. College Education is in need of serious reform. Start by removing all school sponsored extra-curricular activities and emphasize education over the “college experience” How great will the dream of college be without the beer pong)

    And now is the time to create the jobs that remake America for the 21st century by rebuilding aging roads, bridges and levees; designing a smart electrical grid; and connecting every corner of the country to the information superhighway. (Al Gore for information superhighway secretary!)

    These are the actions Americans expect us to take without delay. They’re patient enough to know that our economic recovery will be measured in years, not months. But they have no patience for the same old partisan gridlock that stands in the way of action while our economy continues to slide. (not true. I value partisan gridlock. It means debate. It’s called checks and balances limiting the dictatorial power the changer desires.)

    So we have a choice to make. We can once again let Washington’s bad habits stand in the way of progress. Or we can pull together and say that in America, our destiny isn’t written for us but by us. (my theology doesn’t allow me to say that) We can place good ideas ahead of old ideological battles (why is “ideology” such a bad word to the changer?), and a sense of purpose above the same narrow partisanship. We can act boldly to turn crisis into opportunity and, together, write the next great chapter in our history and meet the test of our time.

    The writer is president of the United States.

  7. danielbalc said,

    Athena, I have a new favorite song…

  8. Save For Retirement said,

    Here we go again. Here is another example of the Obama administration saying one thing to get elected and then once they are in place they are choosing to have the same policies as the Bush administration.


  9. danielbalc said,

    “It is absolutely true that we can’t depend on government alone to create jobs or economic growth,” he said. “But at this particular moment, with the private sector so weakened by this recession, the federal government is the only entity left with the resources to jolt our economy back into life. It is only government that can break the vicious cycle where lost jobs lead to people spending less money which leads to even more layoffs.”


    Nope. It’s the “new” Lincoln.

  10. danielbalc said,

    So a guy in Oklahoma is driving around with a sign in his car that says “Abort Obama Not the Unborn” and a cop pulls him over, takes the sign and then notifies the secret service who then interrogate the sign owner.

    According the Oklahoma City Police spokesman, Steve McCool, residents should NOT be worried that their first amendment rights are being violated.

    UMMMMM Are you serious?

    This is down right terrifying. Every day I see an anti-Bush bumper sticker. How many of those people had half an hour pow-wows with the secret service? How many of them were pulled over and had their stickers removed?

    How much have we changed in just 1 month of Obamocracy?


  11. danielbalc said,

    Ohhhhh how I love news like this. Bernake is really upset that AIG leadership is “exploiting gaps” with the billions of dollars the government has given them.

    Please note Mr unelected Bernake. This is exactly why the American people said “#$%@ NO!” to the bailout.

    We all knew the financial companies would use the money selfishly and not for the good of America. Why should they care if they lose 30 billion? Especially since you will give them 60 billion more?

    Another day another diving dow.

    Another day closer to falling into the socialist model.

    A whole new world. A dazzling place I never knew.

    Yes we can.

  12. Freedom! Forever! said,

    wow. A stupid young pastor talking about how much he loves Obama. Someone doesn’t understand the separation between church and state. The jerk probably preaches about Obama’s holiness at Living Way Church rather than God’s. Daniel Balcombe’s hubris is staggering and I hope another pastor will fill in and rescue that church before this ignorant prick runs it right into the ground with his politically charged messages.

  13. danielbalc said,

    I know there hasn’t been a lot of Den activity lately so when I stopped by to see there was a recent comment I was really intrigued. Now that I have read it I am even more intrigued.
    At first I was tempted to delete it in an effort to defend my honorable name but upon further review I decided to let it stay because it’s actually quite funny. So mr. Freedom! Forever! thank you very much for your “insight”. It’s quite refreshing to have a commenter such as yourself visit the den.

  14. itsasecret2u said,

    F!F!’s comment has left me speechless, and that is some feat. 😉

  15. Freedom! Forever! said,

    I think you misunderstood my comment. My intention was not to be funny. Rather, I was simply trying to help a somewhat lost generation of young people realize that religion and government should never overlap. Politicians should not talk about religion – it is not their place. Just like it is not your place, as a man of God, to politically influence God’s children. Although it may not seem like it, when you post messages like this, it somewhat causes a link between God and Obama in children’s minds. I’ll have you know that my son thinks very highly of you, and he wants to be just like you. I want him to think for himself and not be persuaded by very influential people like yourself. You must use your power to preach and inspire the spirit of the Lord – not to impose your beliefs on other people. It is irresponsible and unholy. I’m sure the Antichrist will use similar tactics as you have when the end times come.

  16. danielbalc said,

    Well I sincerely apologize if I have been misunderstood.

    I have ZERO interest in influencing anyone politically from my position as a minister.

    My political opinions are my personal beliefs and I try very hard to keep them from coming out in any sermon I preach.

    As far as a separation of Church and state go, you’d have a hard time finding a more vehement proponent of such a right than I.

    But you are right that I am a “stupid young pastor”. I have been cautioned in the past that every word I write can be perceived by some as having a weight of authority because of my position.

    I think I have written about this in the past. I don’t mean for anything on my blog to be taken as anything more than my feelings. It is for this reason that I have mostly stopped writing about religious subject matter and stuck with irrelevant things like sports and politics.

    And most of my entries are written in a sarcastic tone intended to be taken in a humorous sense more than any other.

    So again I sincerely apologize if you feel that I tried from a ministerial position to influence someone politically. I really honestly have not. (albeit I reserve the right to use the pulpit to proclaim the truth of the word of God in political issues and propositions such as abortion, especially when the church is threatened by unjust laws.)

    As far as endorsing a political candidate I am not really interested in doing that. But Obama is not a political candidate, he is the president and the scriptures tell us to “pray for those in authority” as well as to “submit to the governing authorities”.

    I will criticize and compliment Obama, Pelosi, Hunter and Cafagna (actually we should all be praying for Cafagna as he has cancer and is in very poor health) when I feel it is necessary, but only in personal conversations, not from the pulpit.

    And a personal conversation is precisely what I feel my blog to be. It is me talking to friends, not me talking to a congregation.

    Nevertheless i ought to be more considerate of the public nature of the internet.

    Finally i want to make it very clear that you don’t have to come on here and criticize me if you don’t want to. I am always available to talk in person and have no problem addressing each concern you may have face to face.

  17. danielbalc said,

    I do have this complaint about Obama…

    The guy pretty much picked all chalk in his bracket!

    He has two 11’s and one 10 winning in the first round.

    Then he only has one “upset” in the sweet 16, elite 8 and his final four has three 1’s and a 2.


  18. Anonymous said,

    I hope another pastor will fill in and rescue that church before this ignorant prick runs it right into the ground with his politically charged messages.

    I am sure that you want your son to be just like you. Going on personal blogs and calling a man an “ignorant prick”

  19. Matt S said,

    I did not know Echo had a child that adored you Daniel.

  20. danielbalc said,

    That’s certainly not Echo. I am not sure who it is, but I know that Echo has read my stuff enough to know that I don’t “love Obama”. I think somehow or another Freedom Forever misread my lines about “he’s gonna bring happiness; he’s gonna bring freedom” as sincere praise instead of sarcastic mockery (as it was intended).

    I think loyal or even sporadic readers know that I have not once praised obama for anything.

    I am a bit disappointed in the propagation of the stereotype of radical conservatives taking things out of context.

  21. L. Hudgins said,

    You’re definitely NOT a “stupid young pastor” … well maybe a little crazy (ie, your annual Padre predictions).

  22. Albino Hayford said,

    Dbalc – Delete Freedom’s comment. If they want to throw a bottle of gas on the campfire, they should cowboy up and identify themselves by name. By the way, you can check their ip address as administrator and discover their identity. If they are a member of your church, this would be cause for a formal chat.

  23. danielbalc said,

    Well “young” is starting to become questionable ( just about 380 days till ‘m 30!) but “stupid” still fits. I do many stupid things. I have made many stupid mistakes. I am, more than anything else, a result of the grace of God. Believe me if I ever start relying on my own intelligence I am in trouble indeed.

  24. Franky said,

    Jim you are right. I posted the anonymous comment and for that I publicly apologize. I was angered by Freedom’s post attacking Daniel whom I consider a strong friend and even stronger man of God.

    I should not have reached to Freedom’s level and continued the name calling, but the motive behind my post was to question the motive for attacking Daniel. Is it because you believe Daniel is influencing members of LWC (especially your son) or is it because you are jealous that your son holds Daniel with such high regard?

    Once again, I do apologize for my previous post.

  25. Albino Hayford said,

    Franky…my bad….I came late to these posts and didn’t differentiate between your quotes of “Freedom” and your comments. My entry was directed at “Freedom” and his disrespectful comments. Pastors are citizens, too, and have every right to free speech. Only if Daniel endorses a candidate from behind the pulpit, is he out of line, in my view.

  26. Franky said,

    You were still right about cowboying and identifying myself and it was a “low blow.” Arguments are not won by name calling which is why Freedom lost immediately.

    I have heard Daniel speak many times as well as the other pastors at Living Way and they speak only the truth and what it written in the Word of the Lord. All the pastors at LWC have encouraged the church to pray for and follow our nations leaders. Never another word for or against any political candidate.

  27. itsasecret2u said,

    I mostly found Freedom’s comment to be very confusing (if not completely irrational and inflamatory). He clearly did not read and/or understand this post in the least. The second comment shed a bit more light on the situation.

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