Site for Free Markets and Free People
Saturday, October 31, 2009
Clinton: "We Tax Everything"
State Tort Reform Illegal Under House Bill
Section 2531, entitled “Medical Liability Alternatives,” establishes an incentive program for states to adopt and implement alternatives to medical liability litigation. [But]…… a state is not eligible for the incentive payments if that state puts a law on the books that limits attorneys’ fees or imposes caps on damages.
Friday, October 30, 2009
Obama's NJ Visit Hurting Corzine
Medical Industry, Business Blast Obamacare Bill
Absurdity of the Day: 1 Million Jobs
Interesting...he should just make it a cool 10 million.
Ousted Marxist Honduran Leader to Return to Power, Thanks to Obama
It is perfectly fitting that the signal diplomatic triumph of President Obama's first year in office is the restoration to power of the lawfully deposed Honduran thug and friend of Fidel Castro, Daniel Ortega and Hugh Chavez. It is inimical to the national interest of the United States. it is a setback for the supporters of democracy in the beleaguered country of Honduras. And it is a defeat for those who believe in the rule of law. It is, in other words, a triumph of "smart diplomacy."
Pelosi: Healthcare Bill Just The Beginning
“We are not passing a bill, shutting the door, turning out the lights and walking away. We will have other legislation.”
Media Already Spinning NY-23 Race and Potential Hoffman Win
The strong anti-incumbent sentiment may well hurt Democrats more in 2010 simply because they hold more seats in the House and the Senate. But, a Hoffman win is rightly understood not as a rejection of either party but rather a rejection of the political system as a whole.
That's it - it has nothing to do with Americans despising big government, tax-and-spend liberals and choosing small government, free market conservatives. It's simply an indictment against the system. What an absurd statement.
Thursday, October 29, 2009
Corzine Already Trying to Steal Close NJ Election
But why worry? It's not like elected NJ officials were recently "indicted on charges they conspired to commit election fraud during the June Democratic primary through a variety of schemes involving messenger absentee ballots." And frankly, why shouldn't they? Al Franken reversed an election last year through fraud and challenges and no one cared.
Cash for Clunkers Cost: $24K Per Car
Public Trust of Journalists Non-existent
Big Mac's Currency Lesson
But the lesson here is not about the dangers of globalization or the virtues of buying local. Since Iceland's banks collapsed last fall, and its currency with them, the cost in local currency of all imports, and not just fast food, has soared. This has done nothing to "cushion" the blow to Iceland's economy from what amounted to an international run on its banks. What it has done is added a currency panic to a financial panic, and made Iceland's prospects bleaker than they otherwise might have been.
...debasing one's currency makes a country poorer, not richer. Just ask the residents of Reykjavik, who now must travel 900 miles to get their Big Mac—in Dublin.
Let that be a lesson to the U.S. government, who is willing to screw its citizens (further) in order to reduce its own inflated debt problem.
Wednesday, October 28, 2009
Rush: Goodell's a "Total Weasel" For Avoiding Questions
Of course, Goodell's a total weasel. He had no answer about the Dolphins' owners so wouldn't even address the question, and he got on his high horse about how McNabb is a fine player and a fine person and it has nothing to do with the color of his skin, when I (a) never said he was not a fine person; (b) never said he was a bad QB -- just that he was overrated (which no one should deny); and (c) said the MEDIA was obsessed with the color of his skin (which is also undeniable), not that I was.
And Keith Olbermann's name as mouthpiece of the NFL for NBC wasn't even mentioned...
Dems: Hoffman the Man to Beat
Dodd's Latest Dumb Idea
Here’s a basic truth in banking: The more restrictions government places on lenders’ ability to extend credit, the more expensive credit will become. We’ve already seen how lenders have responded to the bill Congress passed in May: rates have risen and fees have proliferated. Now Dodd wants to impose even further restrictions. Guess what figures to happen next? Follow this process to its logical conclusion, and credit won’t simply become even more expensive, it will dry up altogether. As I say, this is just what the economy does not need.
Thankfully, it's not like Dodd is Chairman of the Banking Committee or anything.....oops, never mind.
ACORN May Serve on Oversight Board to Consumer Protection Agency
Obama: Pelosi One of Greatest Speakers Of All Time
Obviously not a surprise from the most radical President of all time.
Poll: Hoffman +5
Tuesday, October 27, 2009
Obama Getting A$$ Kicked in Virginia Gov. Race
"We don't need folks who are slick or try to say one thing and then do another."
I wonder if he's talking about not raising taxes on anyone making <$250K and then abandoning that position immediately. Or if he's talking about not having a public option for health care and then abandoning that. Or if he's talking about "a war of necessity" before abandoning that.
In any event, Obama and Deeds are in for a good old fashioned Virginia butt-kicking next week. Should be fun listening to the media spin on this one.
Obama Policies Destroying AIG Value
Honduran President's Son Executed
Win-Win for NY Conservatives, Doug Hoffman?
But even if Hoffman loses and the Democrat Owens wins, Hoffman has already made a key point - Republicans cannot win if they try to be Democrat-lite. Scozzafava supports card check, abortion, the Obama porkulus, (and likely Obamacare)...so who really cares if she has a 'D' or an 'R' next to her name?
Obama Must Be Proud of Ortega
Last week the court's constitutional panel obliged him. The Nicaraguan press reported that the vote was held before three opposition judges could reach the chamber in time for the session. Three alternative judges, all Sandinistas, took their place and the court gave Mr. Ortega the green light. Mr. Ortega has decreed that the ruling cannot be appealed.
Not a single word from Obama defending democracy. Obama must be so proud of his little red comrades, succeeding in Marxist revolutionary rule.
Monday, October 26, 2009
About That "Healthcare Expense Waste"
As Q and O points out, however, approximately $200 billion of that amount is related to Medicare (already run by the government) and another $200-300 billion is related to "unnecessary care such as the overuse of antibiotics and lab tests to protect against malpractice exposure," none of which is addressed in Obamacare.
Does Obama Ever Work?
On the one hand, we should be thankful. I don't think any of us wants him to get anything done. On the other hand - what a lazy sack of potatoes our President is proving to be. Let's hope he continues to be this utterly and ridiculously lazy - we don't need any of his garbage policies getting through.
Democrat Spending Makes Bush Look Like Pauper
Naturally, Obama's mere $1 trillion deficit by the time he leaves office is based on his ability to cut spending to below the inflation rate...
Sunday, October 25, 2009
Edward Chen: Radical Anti-American Judge Nominee
Another day, another Obama nominee who doesn't appear to love America. Another nominee who thinks the United States is inherently racist. Another nominee who thinks that judges should let their "ethnic and racial background" have an effect on how they conduct their trials.
...In a speech on Sept. 22, 2001, he said that among his first responses to the Sept. 11 terrorist attacks on America was a "sickening feeling in my stomach about what might happen to race relations and religious tolerance on our own soil. ... One has to wonder whether the seemingly irresistible forces of racism, nativism and scapegoating which has [sic] recurred so often in our history can be effectively restrained."
Pentagon Unwilling to Defend Biden Afghan Plan
One official said Pentagon strategists were asked to draft brief written arguments making the best case for each strategy, but the strategists had difficulties writing out a credible case for the counter-terror approach -- prompting members of Mr. Biden's staff to step in and write the document themselves.
In case that wasn't clear, not a single strategist in the Pentegon was willing to draft a paper to defend the Biden plan. No one wanted to put their name on the document. So, members of Biden's staff -- political appointees -- had to write the brief.
Saturday, October 24, 2009
Obama Claims "Working With" Small Business, But At War With Chamber of Commerce
Big banks that got big bailout bucks should return the favor by lending more to qualified small businesses, President Barack Obama says.
But of course, don't take excessive risks designed to increase profits either. Maybe what we need is a Fannie Mae for businesses, whereby the government-run banks lend to companies that have no prospect of ever repaying the loan...that's how Obama thinks business works anyway.
Obamacare Preview: H1N1 Flu Shots a Complete Mess
Alexandria, Fairfax and Arlington VA, hotbeds of government-run centers, were good examples of this mess.
Networks Reject Obama Attempt to Limit Freedom of Press
Friday, October 23, 2009
Obama Gives Huge Land Donation to Exploding Polar Bear Population
This was not good news for Obama's America where we all drive roller skates with engines, so he had to kill this exploration. Meanwhile, the polar bear population has increased between 200% and 500% over the last half century, depending upon the estimates used.
McChrystal Gets NATO Endorsement; Obama Indecisive
CNBC's Melissa Lee Censors Gasparino's Obama Criticism
GASPARINO: When I talked to people today at Merrill Lynch and Citigroup, they're saying listen, "I'm a producer, you know, I make this firm money, and if they -- they cap my salary I'm gone." The problem is that it's hard to trust the Obama administration because President Obama if you look at his record, you know, he's a community organizer, he --
LEE: All right, Chas.
GASPARINO: No, but this is important and this is when it's hard to trust him. When you have a president that was a borderline socialist, people worry --
LEE: Chas, Chas, Chas.
Palin Endorses Doug Hoffman in NY-23
Steve Wynn Lambasts Obama
"To the extent that we run these deficits and the government spends over $1 trillion it doesn't have, the principal people that are going to be whacked by that are people who work for a living."
"The notion that you can overtax people who have money has been proven wrong over and over and over..."
Wynn then had a pertinent quote from de Tocqueville:
"'The American system of democracy will prosper until that moment when the government realizes it can bribe the electorate with its own money.' That moment has come."
Thursday, October 22, 2009
Obama's Econ Advisor: Economic Stimulus Effects Largely Done
Obama Blames Bush on Afghanistan; Cheney Corrects
“In the fall of 2008, fully aware of the need to meet new challenges being posed by the Taliban, we dug into every aspect of Afghanistan policy, assembling a team that repeatedly went into the country, reviewing options and recommendations, and briefing President-elect Obama’s team. They asked us not to announce our findings publicly, and we agreed, giving them the benefit of our work and the benefit of the doubt. The new strategy they embraced in March, with a focus on counterinsurgency and an increase in the numbers of troops, bears a striking resemblance to the strategy we passed to them. They made a decision – a good one, I think – and sent a commander into the field to implement it.
“Now they seem to be pulling back and blaming others for their failure to implement the strategy they embraced. It’s time for President Obama to do what it takes to win a war he has repeatedly and rightly called a war of necessity.”
Who knows - maybe Obama was in meetings with ACORN at the time and he was unaware.
Wednesday, October 21, 2009
Scozzafava Retracts Statement About Yelling Reporter
Obama Approval Ratings Plummet Again
I Guess Iraq is Going OK
Hopefully Obama won't mess it up.
Will Republicans Ever Learn?
I'm not sure Republicans are learning from this disaster. First, lets look at New York. There's a vacant seat and the GOP nominated Dede Scozzafava, an ultra-liberal Republican who voted for Obama's stimulus and increased taxes multiple times. People say the GOP decided on her because she's a woman. Great qualifications (similar to Barack Obama).
New Jersey is another case. When deciding upon real republican (like Lonegan) and Chris Christie (a centrist), they chose Christie. Granted, Christie would be better than Corzine, but still has certain RINO characteristics.
In New York, there is some hope. Late entry Doug Hoffman, a real Republican has entered the race and has picked up a lot of ground quickly. While in New Jersey, Christie has lost his lead in recent weeks. The problem is that he's not conservative enough. So when a third party independent enters, with similar beliefs as Christie - they're going to share the vote. As a result, Corzine may win again.
Nationally same thing. Obama is blowing himself up on a daily basis. Republicans stand to gain from this, but unfortunately, we haven't seen many actually stand for anything of worth. Not sure Republicans have learned their lesson yet.
Tuesday, October 20, 2009
Brazil Imposes Foreign Investment Tax
Another Obama Official Praises Mao
ObamaCare Opposition Rising
Monday, October 19, 2009
Joke of the Day: Mohamed El Baradei
"We have had this afternoon quite a constructive meeting," ElBaradei told reporters. "We are off to a good start."
This is about as believable as saying Obama's deficit cutting goals are "off to a good start."
Sunday, October 18, 2009
Obama: "All Options" To Create Jobs, Except...
But all of FDR's depression-extending policies, massive tax increases, even more massive deficits, and government takeover of industry - they are all on the table.
Obama Porkulus Bill "Saved or Created" 70 New England Jobs
Saturday, October 17, 2009
Americans Trust McChrystal, Not Obama
Friday, October 16, 2009
WH Communications Director Favorite Political Philosopher: Mao Tse Tung
Jeremiah Wright, Bill Ayers, Van Jones, Anita Dunn,... - these communists are not exceptions to the rule. They represent Obama.
Next Up: Taxing Fat People
It appears that there will indeed be financial penalties for those that are not in healthy shape, according to the Democrat health bill that passed the Senate Finance Committee. Well's 1984 is nearing a reality in Obama's America.
Obama B****-Slapped By Russia, China
Note how thoroughly Clinton was rebuffed. Russian Foreign Minister Sergei Lavrov declared that "threats, sanctions and threats of pressure" are "counterproductive." Note: It's not just sanctions that are worse than useless, but even the threat of mere pressure.
It gets worse. Having failed to get any movement from the Russians, Clinton herself moved -- to accommodate the Russian position! Sanctions? What sanctions? "We are not at that point yet," she averred. "That is not a conclusion we have reached ... it is our preference that Iran work with the international community."
Amateur hour for U.S. diplomacy.
Thursday, October 15, 2009
Reid: "$2 Trillion"
Obama Popularity at All Time Low
U.S. Still Pushing Honduras to Violate its Own Constitution
"In a day packed with meetings, we met only one person in Honduras who opposed Mr. Zelaya's ouster, who wishes his return, and who mystifyingly rejects the legitimacy of the November elections: U.S. Ambassador Hugo Llorens."
The U.S. - standing up for corrupt dictatorial regimes everywhere. From Powerline.
Michelle Obama's 26-person Staff
Bye Bye Big Screen TVs in California?
Perhaps they should ban electricity altogether - in the name of progress, of course.
Obama Has Solution For Medicare
Wednesday, October 14, 2009
Limbaugh Blackballed From Buying Rams
Limbaugh is right that this isn't really about him, but is really an effort to discredit conservatism, as Rush is the most noteworthy spokesman for conservatism and by blackballing Limbaugh as too radical, it means his 20 million listeners are basically radical racists. Obama must be smiling proudly.
Robert Reich: We're Going to Let Old People Die
I will actually give you a speech made up entirely--almost at the spur of the moment, of what a candidate for president would say if that candidate did not care about becoming president. In other words, this is what the truth is, and a candidate will never say, but what candidates should say if we were in a kind of democracy where citizens were honored in terms of their practice of citizenship, and they were educated in terms of what the issues were, and they could separate myth from reality in terms of what candidates would tell them:
..."And by the way, we are going to have to--if you're very old, we're not going to give you all that technology and all those drugs for the last couple of years of your life to keep you maybe going for another couple of months. It's too expensive, so we're going to let you die. [applause]
Obamacare, here we come.
Putin Plays Obama Like a Fiddle
CNN Reports Fabricated Quotes on Rush Limbaugh
Tuesday, October 13, 2009
Obama, Russia Delay Iran Sanctions
Obama Retreats (for now) on Taxing Multinationals
Most expect Obama to bring the tax up again later when no one's paying attention.
Monday, October 12, 2009
Happy Columbus Day
Have a great holiday.
Saturday, October 10, 2009
Obama: "Unprecedented Consensus" On Obamacare?
Baghdad Bob would be proud.
BBC: What Happened to Global Warming?
From the BBC:
This headline may come as a bit of a surprise, so too might that fact that the warmest year recorded globally was not in 2008 or 2007, but in 1998.
But it is true. For the last 11 years we have not observed any increase in global temperatures.
Of course, the article suggests that the "long term" trend is still up, but that is silly as well. The earth was 4-5 degrees warmer during the middle ages than it is today. And 2008 is almost 1 degree cooler than it was in 1998.
Financial Transaction Tax to Pay for Another Failed Stimulus?
Now Democrats and Obama want a third failed stimulus plan, to be paid for by a tax on all financial transactions, including stock, bond and mutual fund trades. The tax being proposed would be 0.1% to 0.25% on the value of each transaction. This equates to $10 to $25 for a $10K trade, which would effectively double, triple or quadruple (or more) the cost of transactions.
Are you kidding me?!? I know people love to hate Wall Street, but in a worsening credit environment (credit is still getting much tighter), this would do the exact opposite of promoting investment - it would stifle it.
Friday, October 09, 2009
Obama in Good Company for Nobel Prize
Occidental Acquires Phibro from Citigroup
Seems like a complete steal to me - less than 1x annual earnings - I can only guess that the government hates traders so much that they forced Citi to sell the group, as the government forced GM to sell Hummer.
Former Fannie Credit Officer Warns of FHA Bailout
Limbaugh Selected as Miss America Judge
Nobel Prize - Who Cares?
What's interesting is that Nobel's deadline for nominations is February 1st - or 11 days after Obama's inauguration. You tell me - did he do enough in 11 days to warrant this prize? Keep in mind that at the time he was nominated, Obama had an approval rating of +40. Today it hovers around -10.
Other than being pals with Bill Ayers and Jeremiah Wright, a couple of hatemongers, I'm not sure what other qualifications Obama has.
Thursday, October 08, 2009
A Second Trillion Dollar Waste Bill?
Obama Has No Problem with Taliban
is prepared to accept some involvement in Afghanistan's political future and will determine how many more U.S. troops to send to the war based only on keeping at bay, a senior administration official said Thursday.
Paper tiger - just like Bin Laden predicted.
Jordan Threatened with Fine For Smoking in San Fran
The Left's 2007 NIE Report Politically Motivated
But the more telling detail, as a recent White House "guidance paper" acknowledges, is that the U.S. has been "carefully observing and analyzing this facility for several years." That timeline is significant, because it was less than two years ago, in December 2007, that a National Intelligence Estimate on Iran's nuclear programs asserted with "high confidence" that Tehran had "halted its nuclear weapons program" in the fall of 2003.
The NIE was a political sensation, seized on by Democrats and Iraq war critics as another case in which the Bush Administration had supposedly politicized intelligence. Iranian President Mahmoud Ahmadinejad called the NIE a "declaration of victory," and it derailed any hopes for the Bush Administration to garner international support for tougher sanctions on Iran....Fast forward to the present, and it turns out the NIE was misleading even on its own terms: Iran did have a covert facility, perhaps for enrichment, and the intelligence community knew or at least strongly suspected it. We are also learning that the NIE's judgment puts the U.S. intelligence community at odds with its counterparts in Britain, Germany and Israel, which have evidence to show that Iran resumed its weaponization work after 2003.
...The 2007 NIE also contradicts the findings of the usually hypercautious IAEA, which concluded in a recent analysis that Iran "has sufficient information to be able to design and produce a workable implosion nuclear device." The word "implosion" is especially significant because it means Iran is likely seeking to design a warhead compact enough to be fitted atop one of its increasingly capable ballistic missiles.
It's also unsurprising that Obama relied on this report specifically to put forward his Iran diplomacy strategy. Will he revised his view now that he knows the NIE report was a bunch of garbage?
More Schoolkids Indoctrinated
Wednesday, October 07, 2009
CBO Assessment of "New Healthcare Plan" Still Ridiculous
But - here are a few of the CBO's big assumptions:
1) Medicare spending cuts of $404 billion. (Sure, and we know government is so good at cutting costs and immune to the elderly when complaints come pouring in);
2) $201 billion tax increase on existing health care plans (tax those who currently have healthcare plans they like - they're probably racist anyway);
3) approximately $300 billion tax increase on medical and pharmaceutical companies (who won't decide to raise their prices to make a profit, right?)
4) Those medical cost increases magically disappear beginning in 2020.
Hey, what could go wrong?
Dems: Charlie Rangel Illegal Activities No Big Deal
AG Eric Holder Credits Bush For Terrorist Plot Discovery
Attorney General Eric Holder credited counterterrorism tactics put in place in recent years for the federal arrests in Denver and New York that investigators say pre-empted a bombing plot by an alleged al Qaeda operative.
Mr. Holder said Tuesday during a briefing with reporters that the arrest of Najibullah Zazi, a 24-year-old Colorado airport-shuttle driver, and two others disrupted "one of the most serious terrorist threats to our country since Sept. 11, 2001."
No, he doesn't credit President Bush by name, but it is very clear now (even to liberals like Holder) that Bush and Cheney were absolutely right on national security.
TV: Greg Gutfeld's "Red Eye" Cleaning Up
Get this: in the month of September, "Red Eye" had more 25-54 year old viewers than CNN's primetime 8pm show (whoever Campbell Brown is). And the show is beginning to snowball - viewship is up 50% since July. Keep in mind Red Eye is on at 3am!
The way I'd describe it is: the show is kind of a right-wing version of politically incorrect except for 2 things: 1. it is actually politically incorrect, (while the Bill Maher version is the opposite), and 2. it's funny (whereas Maher is a dullard).
Tivo it. Great show. Glad it's doing so well.
Tuesday, October 06, 2009
Agreement on Iran Nuclear Enrichment?
Russian Foreign Minister Sergey Lavrov says Iran and six world powers have reached a preliminary deal for Russia to help enrich uranium for an Iranian reactor.
He said Monday that details of the deal, which were reached at last week's talks in Geneva, would be worked out in an upcoming meeting in Vienna.
That would be some achievement for Iran - going from a world pariah to getting approval from the world powers, including the U.S., for uranium enrichment.
Will Chris Daggert Help Re-elect Corzine?
Americans are begging for tax cuts and positive economic change. Unfortunately, the GOP candidate Steve Christie wants to be Democrat-lite - no mention of tax cuts or changes that will improve NJ's economic climate. For this reason, Chris Dagget has begun to skyrocket in the polls. Unfortunately, that means that Christie and Daggett split the conservative vote and Corzine gets the liberal vote. Repeat of Bill Clinton in 1993. Christie better get his act together if he wants to win.
Limbaugh Interested in Purchasing St. Louis Rams
Harry Reid Lectures Americans on Patriotism
Monday, October 05, 2009
Chai Feldblum, The Latest Obama Radical Appointment
President Obama's nominee to become commissioner for the Equal Employment Opportunity Commission signed a manifesto praising polygamy and arguing traditional marriage should not be privileged above other forms of union.
Chai Feldblum, an outspoken homosexual rights activist and Georgetown University law professor, is a signatory to an online petition entitled "Beyond Same-Sex Marriage: A New Strategic Vision For All Our Families and Relationships."
...Among the stated "partnerships" the petition seeks to protect is "households in which there is more than one conjugal partner."
Virginia Dems Argue Against Military Ballots
Telegraph: Obama "Furious" With McChrystal For Candid Speech
Not sure about you, but when Obama's dithering on Afghanistan is essentially ridiculed by our top commander there, I don't think that's a good sign. Remember - General Petraeus is in charge of Central Command, and McChrystal's views very likely have the support of Petraeus. From the UK Telegraph:
According to sources close to the administration, Gen McChrystal shocked and angered presidential advisers with the bluntness of a speech given in London last week.
The next day he was summoned to an awkward 25-minute face-to-face meeting on board Air Force One on the tarmac in Copenhagen, where the president had arrived to tout Chicago's unsuccessful Olympic bid.
He told the Institute of International and Strategic Studies that the formula [new strategy based on more missile strikes], which is favoured by Vice-President Joe Biden, would lead to "Chaos-istan".
When asked whether he would support it, he said: "The short answer is: No."
He went on to say: "Waiting does not prolong a favorable outcome. This effort will not remain winnable indefinitely, and nor will public support."
Sunday, October 04, 2009
IAEA Head: Isreal Is Number One Threat to Peace
Someone tell me why we still fund the U.N.
Media Upset Obama Has to Be Responsible Commander-in-Chief
So unfair - that a commander-in-chief has to make a decision that is unpopular with his radical Leftist base.
Obama Arrogance Blew It
Saturday, October 03, 2009
Obama: Obamacare Will Create Jobs
Friday, October 02, 2009
Obama Bashes U.S. Again in Olympics Bid
This is an absurd remark - unless he's referring to terrorists, in which case, Obama is correct. Terrorists are much more welcome in Obama's America than they have been under President Bush.
Obama's Forecast So Close...
Economic Obamawinds (Read: Headwinds)
1) Higher minimum wage = record teen unemployment rate of 52% and soon-to-be record inner-city, low income unemployment.
2) A "stimulus plan" that under any other president would rightly be called a wasteful government spending bill.
3) Tax rates guaranteed to increase next year simply because Congress won't renew Bush's tax cuts. (Obviously they could allow certain brackets to retain their tax cuts but this is extremely doubtful as well given Democrats' view that "they need the money.")
4) Further proposed taxes on wealthier Americans who provide most of the investment dollars and small business jobs in the country.
5) A government health care plan that will cost trillions.
6) An energy tax (cap-and-trade) that will cost $2,000 per family immediately.
7) A takeover of the student loan industry and most of the mortgage industry, which adds to potential taxpayer risks down the road.
8) Higher interest rates which are a necessity when our deficits balloon (and I think we all know what happens to home prices when rates rise).
I am generally an optimist when it comes to the U.S. economy, but the country has gone so far off the tracks that it's hard to have that view unless the Democrats are badly defeated in the next couple of election cycles. (And yes, even if the GOP wins, they need to CUT spending, which I admit they haven't done since the 80s).
Barack Obama Protects His Own
State government -1%
Local government -1%
FEDERAL GOVERNMENT +4.5%
So while the rest of America is being forced to lay off workers in a weak economy, Barack Obama is expanding government, and acting like it's 1999. Not sure if Obama can feel people's pain, nor is he pretending to - no wonder people get angry that he's flying to Copenhagen, while the new unemployment rate announced is 9.8%.
Richie Rich added: Of course he only cares about protecting his friends - this is precisely why he wants the Olympics in Chicago. Who do you think benefits when the real estate values skyrocket there? Rezko, Wright, Ayers, Daley, Obamas and all the other Chicago cronies...
Obamanomics: Job Losses Accelerate! Unemployment at 26-Year High
The return on Obama/Pelosi/Reid's $800 billion "stimulus plan" has obviously been a complete failure. Let's throw the bums out.
Thursday, October 01, 2009
Charlie Gibson on Economy: 1982 vs. 2009
GIBSON 1982: (downcast music) There really isn't any good news in the statistics. All the numbers are bad. Teenagers who will be coming on the job market in even greater numbers come June: 23% unemployed. Black teenage unemployment is 48.1%. And unemployment among adult men is 8.2%, the highest since World War II. Normally in spring unemployment comes down as opportunities for outdoor work become available, but not this year: 450,000 more people are unemployed than were a month ago.
RUSH: It's 551,000 per month now and 450,000 people in 1982. "All numbers are bad," teenage employment, 23%. It's 52% today! Here's Charles Gibson June 5th, 2009, reporting on an unemployment rate of 9.4%.
GIBSON 2009: (bouncy music) In the current economic environment, sometimes a bad jobs report can look good! 345,000 American workers lost their jobs in May. A big number to be sure, traumatic if you're one of the 345,000, but the number was smaller than economists had predicted, and that's good news!
I have no doubt you could go back to 2002 and find the same thing - the loss of 2 million jobs during Bush's first year (vs. 6 million for Obama). I don't think we will ever hear the term "jobless recovery" in the next couple years.
Proof: Cash For Clunkers a $3 Billion Bust
Not quite the helpful stimulus that was hoped for...then again, it was only $3 billion.
Michelle Obama's Sacrifices
"As much of a sacrifice as people say this is for me or Oprah or the president to come for these few days," the first lady told a crowd of people involved in the Chicago project, "so many of you in this room have been working for years to bring this bid home."
She also repeated her grievances she had with her country:
"As first lady, as many of you know, I’ve made it a priority to bridge the gap between the White House and communities across D.C. and across the country," Mrs. Obama continued. "I’ve spent much of my first nine months trying to open the doors to the White House to kids who might not otherwise see themselves having access to these institutions, because that’s where I came from – communities like that where kids never dreamed that they could set foot in the White House, let alone live there…And Barack and I made a point of doing the same thing when we lived in Chicago – making the concerns of kids in all sorts of communities our own."Michelle Obama. So many sacrifices for us.
Pakistan Upset With Obama Dithering
In an interview at the Journal's offices this week in New York, Pakistan Foreign Minister Makhdoom Shah Mahmood Qureshi minced no words about the impact of a U.S. withdrawal before the Taliban is defeated. "This will be disastrous," he said. "You will lose credibility. . . . Who is going to trust you again?" As for Washington's latest public bout of ambivalence about the war, he added that "the fact that this is being debated—whether to stay or not stay—what sort of signal is that sending?"
It's a signal that says the U.S. has a commander-in-chief that is more concerned with his Marxist domestic agenda than with national security...and he is willing to sell out America's future reputation to achieve it.