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Glen Meakem

Glen Meakem Update

by Glen Meakem

August 6-7: More Tough News
On my radio show this weekend, I talked about Saturday's loss of 31 U.S. Army Special Forces soldiers in Afghanistan. This loss proves that the Taliban is still a threat to the U.S. backed government of Afghanistan, and to U.S. military forces. It also suggests that President Obama's time-line for a U.S. withdrawal (a more aggressive time-line than was recommended by military leaders) may not be wise. President Obama must take the Taliban, Al Qaeda, and Iranian threats seriously if he wishes to win the war against radical Islamic terror, make the U.S. safer, and establish stability in the Afghanistan region. My radio team and I mourn the loss of these soldiers and pray for their families.Click here to listen to this weekend's program.
There is also more bad news on the economy. Joblessness remains very high (9.1%), the DOW ended the week 699 points lower (the largest weekly loss since October 2008), and for the first time in U.S. history, S&P downgraded U.S. debt from AAA to AA plus.
On July 19th, the U.S. House of Representatives passed the "Cut, Cap, and Balance" bill that would have SLOWED THE GROWTH (not cut spending, but just slowed the growth) of U.S. Federal Government spending over the next ten years by $6 Trillion, capped future Federal Government spending at just under 20% of our Gross Domestic Product, and taken the first step in passing a Balanced Budget Amendment to the United States Constitution. This legislation would have forced the U.S. government to rationalize its spending across its entire budget and make key reforms to Social Security, Medicare, Medicaid, and welfare programs. These reforms would not have CUT benefits for current recipients, but would have slowed the growth of future spending, preserving these programs for the future. This detailed bill, passed by the U.S. House of Representatives, would have been a positive way forward to deal with our nation's growing debt crisis. Instead, Democrats in Congress opposed these prudent measures and refused to deal with our out-of-control spending. As a result, the "deal' that finally passed both Houses of Congress is clearly flawed. It makes modest cuts in fiscal 2012 spending - only $7 billion against a total budget of over $3.6 trillion, and calls for future spending cuts (again just decreases in the overall growth of spending) of about $2 trillion over 10 years. Half of these projected cuts will come from Defense, while Social Security, as well as entitlement programs like Medicare, Medicaid and welfare are not even addressed. Achieving even this was a "political victory" for conservatives because it avoided the job killing tax increases (worth about $1 trillion over 10 years) that Democrats had advocated.
Whether it's Barack Obama in the White House, Harry Reid and his minions in the U.S. Senate, or Nancy Pelosi and her subjects in the U.S. House, the Democrats have proven over and over again that they are not serious about reducing Washington's spending. By their words and deeds, they want more spending, more debt and more taxes. This spending spree coupled with the Obama / Democrat Party anti-job, anti-growth, anti-free market agenda is severely damaging our economy. Think about just some line items in the Obama / Democrat Party economic agenda: 1) shut Boeing down in South Carolina; 2) maintain moratorium on Gulf of Mexico oil and gas drilling; 3) halt development of Alaska oil and gas in an effort to eventually shut down the Trans-Alaska pipeline; 4) prevent construction of a new oil pipeline from Canada to Texas; 5) attack private professional schools that prepare high school drop-outs and high school graduates for the work force; 6) raise the medical costs of every business with over fifty employees via Obamacare; 7) raise average fuel efficiency standards for U.S. auto makers (for the second time in two years) from about 30 miles per gallon to 54 miles per gallon; 8) close down coal fired power plants across the United States by "moving the goal posts" (again) on government dictated clean air standards.
I could go on and write 10,000 words of detail on these policies, but I will spare you that because the point is clear. The Democrat Party's agenda is not driven by a balanced view of what is good for the American people, the American environment and the American economy. No, it is driven by three simple, ideological things: 1) the drive to maintain and build political power based on stronger, well funded unions; 2) the desire to remake human society into a utopian vision of total equality by redistributing the product of labor and effort; and 3) the desire to pursue any and all "green" environmental policies regardless of cost. The Democrats have been pursuing these policies since 2006 when they took control of both houses of Congress and their efforts accelerated once Barack Obama was elected President. We can all see the results in a sputtering economy, ballooning debt and a frustrated, dispirited population.
In order to restore American prosperity and success and preserve our individual liberty, we conservatives must win many political battles. The positive way forward for America is to elect a Conservative Republican Majority to the Senate, expand the Conservative Republican Majority in the House, and put a Conservative Republican in the White House in 2012. We all need to work together towards these goals.
On this weekend's show, Sara Mohsin also joined me to talk about this week's economic headlines and how they affect typical Americans who are trying to manage their finances. Many Americans are living paycheck to paycheck, and are struggling to meet their monthly financial commitments. The good news is that interest rates are still at historic lows (in the 4's). Sara and her team offer tools to help individuals and families lower their monthly bills, and make certain they are bringing in more revenue each month than they are spending.
Sara also announced that Mohsin Mortgage is now a sponsor of Sarah Wernert, an athlete and personal trainer who promotes a healthy lifestyle. Sarah is coaching Sara Mohsin, and preparing her to again compete against me next year in a race to benefit the American Cancer Society. Sara also mentioned the Leukemia ~Lymphoma Society's "Pineapple Classic 5K." One of Sara's good friends, Toni West, is participating in the event on behalf of her sister Dani, who is currently in remission from Hodgkin's Lymphoma.
Jim Gaffney, a principal with Peak Performance Management, also joined me in the studio to discuss how - in spite of the struggling economy - individuals can still be successful in life. Jim and his team offer intense sales training that helps individual sales people and business leaders gain the necessary tools to become better sales people. Right now, Jim is offering two free rounds of golf at the Links Course at Nemacolin Woodlands Resort for anyone who attends one of his Sandler Sales Workshops or Executive Briefings. You must pre register by calling 724-309-3070 and mention my name -- Glen Meakem.
I appreciate all of you who tune in to my radio program every weekend as well as those of you who read my blog posts. Whether or not you always agree with my opinions, I do strive to present the facts in a way that educate and inform on the perils that face our great nation, as well as what I believe we must do to turn things around. 2012 is quickly approaching. I am hopeful that in the coming elections conservatives will again make huge gains, and put an end to the progressive nightmare implemented by President Obama, Nancy Pelosi, Harry Reid and the members of the House and Senate who support them.
Thanks for listening and reading!
Glen Meakem is a successful technology entrepreneur, venture capitalist, and conservative talk radio show host, who offers information and insights on how individuals and our nation can be more successful. Glen's unique perspective has been shaped by his experiences as founder, chairman and CEO of the B2B internet success Freemarkets Inc - which he founded in 1995, took public in 1999, and sold to Ariba in 2004. In 2005, Glen co-founded Meakem Becker Venture Capital, a firm that invests in early stage start up companies. Concerned about the liberal political agenda that has gripped the United States and his home state of Pennsylvania, Glen launched "Glen Meakem on the Weekend" in 2008. Glen served as an officer in the United States Army Reserve and is a veteran of the First Gulf War. He also earned his undergraduate degree from Harvard and his MBA from Harvard Business School. For more information about Glen and his radio program, or to read his blog, please visit
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