The Obama Presidency by the Numbers
Filed under: economy, Obama Economy, Our Dear Leader, Politics
Found these hard cold facts over at AoSHQ.
The old school democrat method to reduce the deficit
Filed under: American History, economy, History, Obama Economy, Our Dear Leader, Politics, Taxes
Let us set the Way Back Machine to 1962, when a democrat President presented his plan to create jobs and economic spur growth.
That’s right, dear readers, President Kennedy called for across the board tax cuts and tax reform in order to create jobs, grow the economy, and increase federal revenue.
Unlike our Dear Leader‘s plan of jacking taxes through the roof, President Kennedy’s plan was successful.
“Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).”
AP fact checks Obama’s speech and finds it comes up short on actual facts
Filed under: economy, Obama Economy, Our Dear Leader, Politics
Here is the fact checking article in full. I’ll just list some of the highlights
Essentially, the jobs plan is an IOU from a president and lawmakers who may not even be in office down the road when the bills come due. Today’s Congress cannot bind a later one for future spending. A future Congress could simply reverse it.
THE FACTS: It’s hard to see how the program would not raise the deficit over the next year or two because most of the envisioned spending cuts and tax increases are designed to come later rather than now, when they could jeopardize the fragile recovery.
THE FACTS: Not all of the president’s major proposals are likely to yield quick job growth if adopted. One is to set up a national infrastructure bank to raise private capital for roads, rail, bridges, airports and waterways. Even supporters of such a bank doubt it could have much impact on jobs in the next two years because it takes time to set up.
Bottom line, our Dear Leader asked for more of his failed policies. More and more of the American people, especially registered voters, are seeing the truth behind his rhetoric.
Quote of the Day
“Question: What’s the difference between a Federal Jobs Creation Program and Kim Kardashian’s wedding?
Answer: Kim Kardashian’s wedding creates jobs.”
The simple truth behind the “porkulus” acts
Filed under: economy, Obama Economy, Our Dear Leader, Politics
“The stimulus passed in February of 2009 didn’t go to shovel ready projects. Instead it propped up state and local governments that were broke. What didn’t go to governments was spent on projects without any regard for their return on investment. For example, green light bulb research might be a neat concept, but the short term return on investment is 0. You might even believe that green light bulb research will have positive economic effects in the future-but stimulus is designed to help us today so it’s still a stupid way to spend government dollars. Even if you think stimulus can work, it doesn’t because of politics. This phenomena occurs no matter which party is in charge.”
— Jeff Carter nailing it shut.
Mr. Carter goes on to present a simple, proven method used by both democrat & Republican Presidents to stimulate economic growth and job creation. A method that won’t be used as long as our Dear Leader is in the White House and Harry Reid and the democrats control the Senate. It goes against their so-called “progressive” policies, which they will blindly cling to regardless of how much damage they cause the country.
Quote of the Day
Filed under: economy, Media Bias, Obama Economy, Our Dear Leader, Politics
“At the height of the Great Depression, [President] Roosevelt avoided such a rating. So did other presidents during troubled times including Nixon, Carter, Reagan, Bush, Clinton, and G.W. Bush. Yet, the news media are more interested with protecting a failed president than with informing American citizens about a troubling economic situation.”
Rick Santelli: If Not For Tea Party, U.S. Would Be Rated BBB
The “money” quote:
“Blame the Tea Party? Geez, no wonder Kerry did so well in an election. If it wasn’t for the Tea Party, they would have passed the debt ceiling thumbs up, we would have been rated BBB.”
Quote of the Day
“Because despite the efforts of the administration and its willing accomplices in the media, the belief that the auto bailouts were a success is simply a myth. Leave aside the obvious point that the government still stands to lose billions of dollars on its investment as well as many billions more from the preferential tax treatment of the reorganizations. Not only was the bailout unnecessary to save the American automotive industry but the politicized bankruptcy process left both General Motors and Chrysler in a weaker competitive position than if they had simply reorganized in a standard chapter 11 process.”
Quote of the Day
“I can’t believe we’re being lectured on fiscal responsibility by the party that let two years go by without even trying to pass a federal budget.”
— Jay Tea