Princeton, October 14, 2010 – Calling incumbent politician Rush Holt “all wrong” on the economy, the New Jersey Restaurant Association has endorsed the congressional campaign of Scott Sipprelle in the 12th District, announced the Sipprelle campaign today.
“When you compare Rush Holt and Scott Sipprelle on the issues that matter to small businesses in New Jersey and the country, it’s simply no contest,” said Deborah Dowdell, President of the New Jersey Restaurant Association. “Scott Sipprelle is a successful businessman who knows that to fix our economy and create jobs we need to rein in federal spending and cut taxes for individuals and businesses. We need smaller government, not bigger government.”
“Rush Holt has certainly not been a friend to small businesses, and we look forward to seeing his political career come to a close on November 2nd,” added Dowdell.
“I am honored to have won the endorsement of a leading small business group like the NJRA,” said Sipprelle. “The cornerstone of my campaign has been a ‘Blueprint for Renewal’ that offers specific plans to create jobs, control spending, reduce debt, incentivize entrepreneurship and restore prosperity to America. I look forward to working with the NJRA and others who believe that we simply cannot spend our way out of this recession, and that we need a new direction in Washington.”
About the New Jersey Restaurant Association
The NJRA represents owners and operators of full-service restaurants, catering facilities, taverns & pubs, brew pubs, diner restaurants, hotel restaurants, coffee shops, limited & quick service restaurants, institutional feeders, delis, pizzerias, country clubs, culinary students and schools. Today, the New Jersey restaurant and hospitality industry includes 25,000 eating and drinking establishments generating over $12 billion in annual sales and employing 311,000 people. Visit www.NJRA.org.
Posted: October 14th, 2010 | Author:Art Gallagher | Filed under:Economy | Tags:Jobs, Unemployment | Comments Off on Beyond the headlines, the truth about our jobs crisis
(HIGHLANDS, October 14) – Republican Congressional challenger Anna Little – responding to publication of an analysis by Americans for Tax Reform of the 111th Congress’ record on tax cuts v. tax hikes – today asked if her opponent, 22-year incumbent Frank Pallone, understands the difference between a tax “cut” and a tax “increase.”
“Its clear that Frank Pallone’s been in Washington too darn long,” said Little. “Apparently, he’s been there so long, voting for so many tax increases and so much more spending, that he’s now begun to confuse tax ‘cuts’ with tax ‘increases.’
“On NJN’s ‘On the Record’ broadcast over the weekend, he said the current Congress has enacted more tax cuts than any other Congress.
“Here’s his exact quote: ‘I mean, there’s been more tax cuts and efforts to try to, uh, uh, help businesses through tax credits or tax cuts in this Congress than in any other Congress.’
“But Americans for Tax Reform – the nation’s leading tax reform group – just yesterday published an analysis that essentially says Frank Pallone doesn’t know what he’s talking about. According to the ATR analysis, the 111th Congress enacted tax cuts totaling $373.6 billion, of which just $107.6 billion is permanent tax relief.
“Meanwhile, that same Congress enacted tax INCREASES totaling $725.7 billion, of which every single penny is permanent.
“That’s a net tax HIKE of $352 billion enacted by the current Congress. So Frank Pallone’s insistence that this Congress has passed more tax cuts than any other Congress leads me to ask a simple question – does Frank Pallone not understand the difference between a tax ‘cut’ and a tax ‘increase,’ or he is just willfully telling an untruth?
“Remember, you cannot change Washington without changing the people we send to Washington!”
Posted: October 14th, 2010 | Author:Art Gallagher | Filed under:Anna Little, Pallone, Press Release | Tags:Anna Little, Frank Pallone | Comments Off on LITTLE: DOES PALLONE NOT KNOW THE DIFFERENCE BETWEEN A TAX ‘CUT’ AND A TAX ‘HIKE?’ OR HIS HE DELIBERATELY TELLING UNTRUTHS?
Three weeks before the election and CD-6 candidate Anna Little is introducing the “Fair Tax” into the debate.
Yesterday before the Asbury Park Press editorial board and last evening before the Northern Monmouth Chamber of Commerce’s candidates forum, Little proposed eliminating the federal income tax and replacing it with a 23% sales tax. She spoke frankly of expanding the pool of taxpayers to the 50% of workers who do not now pay federal income taxes.
The state Democratic Committee and the Pallone campaign were both taping her remarks at the Northern Monmouth Chamber event. The sound quality was poor. Little should hope that it is not usable for Frank Pallone’s next commercial. She should stop talking about the fair tax and increasing taxes on people who don’t pay them now for the rest of the campaign. She should talk vaguely about reforming the tax code, if she must.
The fair tax is not necessarily a bad idea. However it is a radical change from our present system and easily demagogued. Little doesn’t have the resources to explain it and sell it to the public in the next three weeks. She has the resources to win, just barely.
45% of the voters don’t know enough about Anna Little to form an opinion, according to the Monmouth University poll, yet she is within single digits of knocking off the 22 year incumbent Pallone.
With three weeks to ago, Little can win if she addresses the voters anger over the economy and Pelosi-Pallone’s reckless spending. She can win if she returns to the empathetic and optimistic message she delivered so well early in the campaign.
Now is the time to keep it simple. Make Pallone defend himself. If Little spends the rest of the campaign defending her proposals, she looses. If she relates to voters concerns, which no one does better than she does when she is on her game, and reminds voters of the numerous reasons for vote against Pallone, she wins. Little doesn’t have the resources to convince voters to vote for her. The voters are already inclined to vote against Pallone. They just need a Little push.
The road to hell, it is said, is paved with good intentions.
The current economic crisis, resulting from the sub prime mortgage meltdown, is certainly a perfect example of this.
Politicians had the major role in creating the current problems, starting with the admirable intention of having low-income families own their own homes.
The Community Reinvestment Act, passed by a Democrat Congress in 1977 to reduce alleged discriminatory credit practices in low income areas actually encouraged lending to uncreditworthy borrowers. Amendments to the CRA in the mid-1990s, raised the amount of mortgages issued to otherwise unqualified low-income borrowers, and allowed the securitization of CRA-regulated mortgages, even though many were subprime.
Those who opposed this faced charges of racism from the more liberal politicians and activist groups like SEIU and ACORN (both of these organizations are international and no information is provided as to foreign funding of their political activities in the US).
In 1982, a Democrat Congress passed the Alternative Mortgage Transactions Parity Act (AMTPA), which allowed creditors to write adjustable-rate mortgages, including option adjustable-rate, balloon-payment and interest-only mortgages.
Approximately 80% of subprime mortgages were adjustable-rate mortgages.
By 2008, the Fannie Mae and Freddie Mac owned, either directly or through mortgage pools they sponsored, $5.1 trillion in residential mortgages, about half the total U.S. mortgage market.
When concerns arose in September 2008 regarding the ability of Fannie and Freddie to make good on their guarantees, Washington placed the companies into a conservatorship, effectively nationalizing them at the taxpayers’ expense.
What has been the result of this?
The worst economic crisis since the Great Depression of the 1930’s. In 2009, almost 3 million homeowners faced foreclosure. Huge drops in home values for those who manged to keep their homes with many now “under water” (values below the mortgage owed). Double digit unemployment, poverty levels higher than when President Johnson waged a “War on Poverty”. This attempt to help people has not only hurt those same low-income families. but has also hurt each and every one of us.
In New Jersey, politicians have created the Council on Affordable Housing (COAH) which imposes mandates on communities, like Middletown, to provide low-income, high density housing at taxpayer expense. This has a major impact on services, especially schools, and the property taxes we pay.
Professional politicians, of both parties, always searching for more votes, ignore the unintended (but not unforseen) consequences of their actions. Yes, the road to hell is paved with good intentions.
Thursday 10/14: In their report issued this week http://www.sbecouncil.org/scorecard/ the Small Business Entrepreneurship Council released ratings for both the House and Senate for 2010. Both Central NJ Democratic congressional incumbents Frank Pallone and Rush Holt rated ZERO OUT OF 100. This information contradicts anything Pallone and Holt have been chirping on the campaign trail. Whatever boasts they have made about being a friend to the American small business owner are statistically laughable. To absorb the enormity (or lack thereof) of this rating, consider Tea Party favorites like congresspersons Ron Paul-Tx 95%, Michele Bachmann-MN 100% and senator Jim DeMint SC-100%.
In a slightly higher rating than Pallone’s and Holt’s dismal performance, NJ congressman Adler scored 23%
The business group itself issued the following guidelines to analyze the ratings:
Champion of the Entrepreneur: 90% – 100%
Advocate of the Entrepreneur: 80% – 89%
Friend of the Entrepreneur: 70% – 79%
Notice how the business group did not provide a scorecard key for ratings under 70%, instead leaving it to the savvy American voter to draw their own conclusion. A low rating is one thing, but ZERO? Our elected officials voted without fail against small business every and all the time? 23% for Adler? He didn’t come close to a 70%
So who exactly are these three gentlemen supporting? Who exactly are these men representing? Certainly not the heart of the American experience, our small businesses. Certainly not the constituent struggling to earn a living, raise a family and pay the bills
The Tea Party Movement and groups in NJ are careful to vet candidates before publicly releasing support. This cycle Ms. Anna Little, a staunch conservative and the THE banner person for the NJ Tea Party Movement is locked in a race with Pallone. I am comfortable in assuming Ms. Little’s congressional scorecard would be more in line with a Bachmann, a Paul or a Demint. Do we want our 6th CD congressperson on the side of American small businesses? I would hope so. It is quite apparent Pallone is not.
In the other races, Sipprelle (vs. Holt) has picked up some Tea Party support and is the product of the private sector himself and has built and operates a mid-sized financial firm. Do you see Scott voting 100% NO against small businesses, or even 23% of the time? I don’t. What is Rush Holt voting for? In the 3rd CD, challenger Runyan has opened lines of communication with local Tea Parties. Do we see Mr. Runyan improving on Adler’s 23% rating? I do.
If there was ever hard statistical data to prove the arrogance and unknown goals and aspirations of central NJ’s congressional incumbents, this is it. What are they thinking? What playbook are they following? Whose agenda are they supporting? I don’t have the answers to those questions but I do know two things;
1) American citizens yearn for a vibrant economy, energy independence, liberty friendly regulations and a government that knows its place in our lives.
2) All three of these congressmen do not share the vision of a vibrant, economically healthy America with a blossoming middle class. They do not share the vision of an realistic energy independent America. They do not share the vision of a liberty driven, business friendly atmosphere.
To return these three incumbemts to office would be an American travesty. To send Anna Little, Messrs. Sipprelle and Runyan to DC would be a Walls of Jericho trumpet blast to the detached inhabitants of congress and DC that we indeed, have had enough.
More Middlesex Musings heard it from the Pallone campaign. MoreMonmouthMusings got confirmation from the Little campaign.
Congressman Frank Pallone and Mayor Anna Little will debate on Sunday evening, 7 PM at Temple Shalom, 5 Ayrmont Lane , Aberdeen. The debate is being sponsored by the League of Women Voters.
