Nearly 50 House Dems Preparing to Revolt

Not surprising to find out that 49 so-called “blue dog” Democrats in the House are preparing to start blocking some of President Obama’s socialist agenda. Also not surprising is that they’re all from districts Obama did not win in 2008 meaning they’ll have voters to answer to whether Obama likes it or not.

CQ Politics reports on the growing House Democrat tea party:

Democratic Reps. Jim Matheson of Utah and Gabrielle Giffords of Arizona have joined a quiet revolt in the House that could slow some of President Obama’s fast-moving priorities.

The two are among 49 Democrats from congressional districts that backed Republican Sen. John McCain ‘s 2008 presidential race and whose support for the Democratic majority’s progressive agenda is increasingly not assured.

A dozen of them were among 20 House Democrats who voted against the $410 billion discretionary fiscal 2009 spending package (HR 1105) on Feb. 25. Another group later forced House leaders to sideline a contentious bill (HR 1106) to allow bankruptcy judges to modify home loans.

Although only a handful of moderate and conservative Democrats abandoned their leaders during party-line votes on the economic stimulus law (PL 111-5), the group of vulnerable Democrats branded the omnibus spending bill as a budget buster and questioned whether the mortgage bill would raise interest rates on average home-owners and cause some struggling homeowners to rush to bankruptcy.

The defections could cause heartburn for Democratic leaders charged with ushering through Obama’s three biggest priorities: a health care overhaul, a cap-and-trade system to curb carbon emissions and his fiscal 2010 budget blueprint. The president might also have trouble winning their votes for an anticipated second financial bailout package.

“My job is not to be a rubber stamp for the president or Democratic leadership, but to be a voice for the people that elected me,” Giffords said. “I voted for the stimulus, but found I could not vote for the omnibus.” She faces a tough 2010 campaign in a state that will be dominated by McCain’s expected re-election to his Senate seat.

For his part, Matheson echoed Giffords’ concerns about an increase of $31 billion, or 8 percent, in discretionary spending in the nine bills contained in the omnibus measure. Like Giffords, he also has raised concerns about the mortgage bankruptcy bill, which many banks oppose.

“A lot needs to be done to help people keep their homes. But I’m just not sure about this bill,” Giffords said.

Let the record now reflect that along with Rush Limbaugh, 49 House Democrats would also like at least some of President Obama’s socialist policies to fail.

The Democrat leadership is aware and working hard to quell the rebellion:

Majority Leader Steny H. Hoyer , D-Md., acknowledged the defections, saying: “We have a very diverse party, with diverse opinions. We’re working on it.”

Many of the 49 Democrats in the group have particular concerns about Obama’s call for allowing the Bush-era tax cuts for wealthy families to expire.

“I don’t agree with the administration about letting all those tax cuts expire for upper-income families,” said Harry E. Mitchell , D-Ariz. He argues for retaining the current 15 percent rate on capital gains and for permanent reductions in the estate tax.

This is a breath of fresh air to me personally since it shows that even Democrats in Obama’s own party recognize the danger his policies are bringing to America. Three cheers to them, call your representative and urge them to join in fighting Obama’s socialism.

There is not a reasonable economist on earth who thinks that raising the capital gains tax from 15% to 20% during a recession is a competent thing to do. However, Obama is proposing we do so. Why? One can only conclude that Obama wants people’s retirement accounts to continue going down since he’s doing the exact opposite of what stimulating the economy should look like.

Obama wants the American capitalist system to fail and it’s becoming more obvious everyday with his anti-wealth and anti-growth policies. Therefore, Obama wants me to fail as a private citizen making my own living.

Perhaps this is all the proof we need:

DOW Jones Industrial Average (11/4/08 – 3/3/09)

Since Obama was elected, every single one of his policies and proposals have continued making the DOW tank. Investors don’t trust him, especially when he’s going to raise capital gains from 15% to 20%, why should they invest? Obama is hurting our retirement accounts with every new socialist policy, it couldn’t be more obvious.

Everyone tells me Obama is so incredibly smart. Well how dumb do you have to be to see that your socialist agenda is killing the markets?

Please President Obama, encourage people to invest in the stock market, stop tearing it down, you’re hurting my retirement account.