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
Another Epic Rick Santelli Rant
Obama is channeling Nixon again
Filed under: Culture of Corruption, Our Dear Leader, Politics, RKBA
“This Obama Justice Department reminds me of nothing so much as the Nixon Justice Department. You have the scent of high-level knowledge of serious wrongdoing and you have the smell of cover-up and I think the stench of cover-up on this gun-running operation is very strong indeed.”
What did President Obama know and when did he know it?
Obama administration cuts back on fraud prosecutions
Filed under: Culture of Corruption, Our Dear Leader, Politics
Remember how “Obamacare” was supposed to “pay for itself” by cutting $50 Billion in fraud and waste? You haven’t heard much about that lately either. Probably because our Dear Leader and the congressional democrats never planned on implementing it.
The truth is that they have done exactly the opposite. USA Today reports that there has actually been a 20% reduction in the number of criminal prosecutions for defrauding federal benefit programs since our Dear Leader took office. It is almost as if the democrats want to promote fraud and waste in government benefit spending.
Once again we find that what our Dear Leader promised has nothing to do with what he actually planned on doing. Remember this come November 2012.
Clearly reality isn’t the left’s strong point
Filed under: Barking Moonbats, Obamaspeak, Our Dear Leader, Politics, Video
The left keeps repeating their talking point, that Gov Sarah Palin, who currently is running rings around the mainstream media, is “stupid” and an “idiot.” In the meantime, the left’s anointed leader, Barack Hussein Obama, who they keep referring to as “the smartest President evah!“, can’t string a basic sentence together without a string of ummms when he isn’t reading directly off a teleprompter. Even with his precious teleprompter, he twice referred to Navy Corpsmen as “corpsemen” in a prepared speech honoring Navy Corpsmen!
This is the “genius” who thinks there are 57 states, that Asthmatic kids should get a breathalyzer, and said the Constitution was written “20 centuries ago”.
Clearly, the collected shared reality of rational adults is not the space inhabited by leftists to whom the message is more important than reality.
Quote of the Day
“Sometimes you can’t defend the indefensible.”
Obama White House Chief of Staff Bill Daley at a meeting of the National Association of Manufacturers. The topic, “the wholesale assault by Obama on the free enterprise system and the private job creators who make it run.”
Our Dear Leader openly criticizes the ‘private sector economy’, something he has absolutely zero experience with, for not creating new jobs in the harshly anti-business, anti-growth, economic environment created by President Obama and the congressional democrats. Then he sends out his new Chief of Staff to attempt to the “defend the indefensible.”
Kudos to Mr. Daley for having the guts not to stand there and openly and blatantly lie about the effects of the Obama economic policies as other members of this administration have done in the past. I can’t help but wonder if our Dear Leader will toss Mr. Daley under the bus, as he is doing to Kenneth Melson, the current head of the ATF.
Update: Doug Powers points out that it’s the one-year anniversary of Recovery Summer™. How is that working out for you? If you aren’t sure, try this simple experiment. Drive around your local community and start counting the number of empty store fronts. Are there more or less than last summer? How many new businesses have opened up in your local area in the past year? That should a good meter stick to measure the, ahem, “recovery” the Obama economy has brought us.
How is that Hopey Changey thing working for you?
Filed under: economy, Obama Economy, Our Dear Leader, Politics
“Misery Index” Up 62% Since Obama Took Office.
The annual inflation rate for May climbed to 3.6% as price spikes spread beyond oil and food. At the same time, May’s unemployment rate edged up to 9.1%, yielding a Misery Index of 12.7.
That marks the fourth straight monthly increase in the index, which is now 62% higher than it was when Obama took office…
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Regulation: In just his first 18 months in office, Obama imposed 43 regulations that will cost, by government estimates, $26 billion. And that doesn’t count the avalanche of costly new rules headed our way courtesy of ObamaCare.
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Taxes: While Obama grudgingly acceded to keep all of Bush’s tax rates in force for two more years, he agitates endlessly for massive tax hikes on the “rich.” His debt plan calls for raising the top tax rates to pre-Bush levels and squeezing an additional $1 trillion out of them under the guise of “tax reform.” All of the tax cuts he has approved have been gimmicky and short-term.
Spending: Federal outlays have risen more than 25% since Obama took office, and they’re on track to eat up almost a quarter of gross domestic product for the foreseeable future — a spending level not seen since World War II. Annual deficits, meanwhile, have topped $1 trillion every year since Obama took office.
Debt: Gross federal debt has climbed more than a third under Obama, topping $14 trillion. His budget plan puts it on a course to reach $20 trillion by 2016.
Don’t expect any “change” in the path to self-destruction that our Dear Leader, Barack H. Obama is bound and determined to drag the country down from him. The American electorate is going to have to force change in November 2012.
Imagine the uproar if a Fox News anchor had said this
File under yet another example of how bad liberals are at history. Perhaps that is because they tend to rewrite it in a blatantly Orwellian fashion to fit whatever they think will assist their next grab at the brass ring of power, but I digress slightly. The topic at hand is in your face ignorance of the party that is constantly telling you how stupid anybody who dares disagree with them are.
Listen to this clip of a MSNBC talking head, i.e. a “News Anchor”, attempt to “educate” his listening audience and get a key historical fact about an elected democrat President completely and utterly wrong. This isn’t a slip of the Talking Head’s tongue, he’s reading from a prepared script, in a produced segment, complete with background graphics. The fact that JFK was assassinated in November of 1963, requiring LBJ to have been elected in November 1964, in order to decide not to run in 1968, is completely lost not only by the “News Anchor”, but the also by: the person or persons who wrote the segment, the producer of the segment, as well as anybody in the entire production team that set the segment up for presentation on the air.
Given that MSNBC’s business plan is to “out fox Fox News, but from the extreme left”, it is doubtful that there is a single Republican or conservative in that list of people involved in the production of the so-called “news segment” in question. One possible explanation is that the entire crew is so indoctrinated in the liberal “group think” or “herd mentality”, that none dared question the obvious and glaring error. A large C Conservative or Libertarian would have stood up and pointed out the error. The leftists have been conditioned not to question authority from “their betters.”
Then again, as one of the people commenting on the post I’m referencing there points out, it was a production team at MSNBC who let one of that network’s political “commentators”, Rachel Maddow, “mock Boehner for saying the Constitution has a Preamble.”
Perhaps MSNBC is betting that their audience is woefully ignorant about actual American history.
Beware of Obama’s upcoming More of the Same
Filed under: economy, Obama Economy, Our Dear Leader, Politics
As noted before, our Dear Leader‘s economic policies, i.e. Keynesian economics theory that only really works in a classroom environment, has resulted in a noted and sharp increase in inflation, while doing little or nothing to spur real economic growth.
The lack of growth, is evident in these three figures pointing the change since our Dear Leader took office:
- Unemployment: up 25%
- Debt: up 35%
- Price of a galleon of gas: up 104%
The source for these numbers, that tool of the Vast Right Conspiracytm, NBC News’ own “Meet the Press.” Oh, sorry, NBC is a decidedly left leaning News organization, so these numbers must be pretty damn solid in order for David Gregory to rub DNC spokesperson Rep. Wassermann-Schultz’s nose in them.
There is also this informative graph.
As you can clearly see, the affect our Dear Leader‘s economic policies have had is to make things worse than if he and the Congressional democrats had done nothing at all! Also keep in mind, that it was in our Dear Leader‘s best interest to take the worst case scenario for the “Without Recovery Plan” numbers in this graph. Thus the odds are that if the federal government hadn’t done a damn thing, including not violating the rule of law and letting GM & Chrysler file Chapter 11 without making sure the UAW got paid off before the bond holders, the unemployment numbers would not only be lower than what they currently are, they would be lower than the “Without Recover Plan” projections the chart listed above. Not just lower, but probably closer to the “With Recovery Plan” numbers, which I can see the Keynesian addicted White House “economists” considered their “safe” number projections for economic performance based on their years of classroom experience.
The the democrat’s so-called “stimulus plan” failed came as surprise to nobody who was 1. Paying Attention, 2. could do some basic mathematics, and 3. ever held a job in the real world. Even if you take the White House numbers on faith, i.e “created or saved” jobs does not equal new jobs when you recount the same jobs as “saved” multiple times, the basic math doesn’t work. Economic Policies for the 21st Century points out one of principle flaws.
[E]ven if you buy the White House’s argument that the $800 billion package created 3 million jobs, that works out to $266,000 per job. Taxing or borrowing $266,000 from the private sector to create a single job is simply not a cost effective way of putting America back to work. The long-term debt burden of that $266,000 swamps any benefit that the single job created might provide.
In the face of the obviously failure of their policies, what do you think our Dear Leader and the Congressional democrats are offering? Yup, that’s right. More of the same. Yet another “quantitative easing” (i.e. printing money with nothing to back it, an inflationary tactic) is being planned. Despite that the results of such a policy were clear back in March of 2009, when this cartoon was published.
Hmmm….looks like the nice men at Cox & Forkum nailed it right on the head with that one. It makes one wonder, if the label on the outside of the box was our Dear Leader’s ultimate goal, and that he really didn’t care what the effect on the economy would be. He knew that he wasn’t going to be bothered by it, as Mark Steyn pointed out:
“I’m not concerned about a double-dip recession,” Obama said last week. Nor would I be if I had government housing, a car and driver, and a social secretary for the missus. But I wonder if it’s such a smart idea to let one’s breezy insouciance out of the bag when you’re giving a press conference.
To use a phrase our Dear Leader is fond of, he just doesn’t have any “skin in the game.” He has never worked a day in his life in private sector economy and he never will. Prior to running for President, he managed to go $300,000 in debt on a family income of half a million dollars a year. Is there any surprise in the fact that he has done the same with the US economy?
Obama administration’s monetary policies a major cause of rising gas prices
Not a surprise to anyone who has taken a graduate level economics class and pays attention, but since that is probably a small slice of the population, let’s review.
The Obama administration’s monetary policies have added approximately 56.5 cents to the price of every gallon of gas you pump, according to a report by members of the congressional Joint Economic Committee.
Estimates suggest that had the dollar maintained the value it had when Obama came into office, gasoline would cost approximately $3.40 per gallon instead of around $4 per gallon in many parts of the country.
Here is the short form for those who haven’t studied macro economics. Oil is traded on the open market with the US dollar being the standard currency used for for that commodity. Our Dear Leader’s monetary policy of just printing money to pay for his massive spending increases ( the so-called “quantitative easing” programs are good examples of this) has caused inflation, which means the US Dollar has less value than it did before. To make this even simpler, things cost more when you buy things using US dollars. Not because the value of the item being purchased has gone up. It is because the amount of goods and services a US Dollar can be traded for has gone down. This includes crude oil. Your dollar is worth less, so you pay more dollars for things like gasoline, a crude oil product.
Fed Chairman Ben Bernanke claimed this printing money scheme would actually “grow the economy.” Fed Chairmen Paul Volcker and Alan Greenspan disagreed, stating that the Obama/Bernake plan would weaken US currency and result in inflation.
Clearly, Volcker and Greenspan were right, and Obama and Bernanke were wrong.
The Obama administration is calling for another round of “”quantitative easing” in spite of the clear and obvious facts of the matter.