The grand plan of Obama is working.
High Gas Prices, low employment and a stagnant economy riddled with inflation is making people use less fossil fuels.
Traffic congestion dropped 30% last year from 2010 in the USA’s 100 largest metropolitan areas, driven largely by higher gas prices and a spotty economic recovery, according to a new study by a Washington-state firm that tracks traffic flows.
But they better off than they were 4 years ago. OF COURSE NOT.
But the Solyndra-Loving, fossil fuel hating Liberals I bet are all over the moon excited.
It’s not like they care WHY the numbers have dropped. Because they don’t.
A group of disgruntled stay-at-home moms is fighting back against a 2009 law that limits credit card access to people with proof of income.
The group says the Credit CARD Act of 2009 sets women back half a century, according to an online petition at change.org.
2009? When the Democrats had a majority in both houses. Hmm…
I guess Stay-At-Home Moms along with “never having held a job their lives” and since they don’t “understand” economics after all they just don’t need credit cards. Let that be the Man of The House’s Job! 🙂
Intending to limit irresponsible lending, the law requires credit card applicants to provide proof of income in order to qualify. Stay-at-home moms, with no income, do not qualify for approval, unless their husbands co-sign for the card, which has the group of angered moms fighting back.
“It is 2012, and because I’m a stay at home mom, I can’t get my own credit card,” the petition reads. “My husband has to give me permission to get my own line of credit. This is demeaning and flat out unfair.”
Obama: “As you begin the next stage in your journey, you will encounter greed and selfishness; ignorance and cruelty. … (and that’s just from Democrats and Unions) You will meet people who try to build themselves up by tearing others down (Liberals); who believe looking after others is only for suckers,” (that’s the governments job after all) he said.
“My deepest hope for all of you … [is that] you can serve as a reminder that we’re not meant to walk this road alone (Government is right at every step to “help” you); that we’re not expected to face down adversity by ourselves,” (You have the government largess to fall back on) he told his audience. “We’re stronger together than we are on our own.”
But don’t worry, he gets a pass on anything he says.
Pelosi: “We know we have to balance the budget. (1,1,30 Days since the Senate passed a budget at all- so we believe you Nancy!) We have to establish our priorities and make the cuts accordingly (The Military and every other “right wing” program we can get our hands on). We have to have revenue on the table (Screw the rich!) and we have to invest in growth (Spend even more!) because the creation of jobs (and the unemployment over 8% for 3 1/4 years and millions and millions deserting the workforce all together has certainly shown they way) is what will bring revenue to the Treasury (But not like taxing the rich will) and continue our economic recovery which is important to the American people,” (what recovery? where in your liberal fantasies?) Pelosi said Thursday at the Capitol.
“So to toss this into the mix right now, saying we have to have cuts that exceed even the lifting of the extent to which we lift the debt ceiling is really immature, irresponsible, let’s get serious.” (DC)
Who cares if we are spending 50% more than we take in. All we have to do is tax the rich into oblivion and submission and then cut the military to two tricycles and a pop-gun and everything will be rosy and wonderful!
It’s the Republicans fault, after all, that we haven’t passed a budget in well over 3 1/4 years and voted down Obama’s budget 2 years running…
After the Constitution of the United States was amended to permit a federal income tax, in 1916, the number of people reporting taxable incomes of $300,000 a year or more fell from well over a thousand to fewer than three hundred by 1921.
Were the rich all getting poorer? Not at all. They were investing huge sums of money in tax-exempt securities. The amount of money invested in tax-exempt securities was larger than the federal budget, and nearly half as large as the national debt.
This was not unique to the United States or to that era. After the British government raised their income tax on the top income earners in 2010, they discovered that they collected less tax revenue than before. Other countries have had similar experiences. Apparently the rich are not all fools, after all.
In today’s globalized world economy, the rich can simply invest their money in countries where tax rates are lower.
So, if you cannot rely on “the rich” to pick up the slack, what can you rely on? Lies.
Nothing is easier for a politician than promising government benefits that cannot be delivered. Pensions such as Social Security are perfect for this role. The promises that are made are for money to be paid many years from now — and somebody else will be in power then, left with the job of figuring out what to say and do when the money runs out and the riots start.
There are all sorts of ways of postponing the day of reckoning. The government can refuse to pay what it costs to get things done. Cutting what doctors are paid for treating Medicare patients is one obvious example.
That of course leads some doctors to refuse to take on new Medicare patients. But this process takes time to really make its full impact felt — and elections are held in the short run. This is another growing problem that can be left for someone else to try to cope with in future years.
Increasing amounts of paperwork for doctors in welfare states with government-run medical care, and reduced payments to those doctors, in order to stave off the day of bankruptcy, mean that the medical profession is likely to attract fewer of the brightest young people who have other occupations available to them — paying more money and having fewer hassles. But this too is a long-run problem — and elections are still held in the short run.
Eventually, all these long-run problems can catch up with the wonderful-sounding lies that are the lifeblood of welfare state politics. But there can be a lot of elections between now and eventually — and those who are good at political lies can win a lot of those elections.
As the day of reckoning approaches, there are a number of ways of seeming to overcome the crisis. If the government is running out of money, it can print more money. That does not make the country any richer, but it quietly transfers part of the value of existing money from people’s savings and income to the government, whose newly printed money is worth just as much as the money that people worked for and saved.
Printing more money means inflation — and inflation is a quiet lie, by which a government can keep its promises on paper, but with money worth much less than when the promises were made.
Is it so surprising voters with unrealistic hopes elect politicians who lie about being able to fulfill those hopes?
Not Really. And with nearly half the country not paying any income taxes and record levels of food stamps and 99 weeks of unemployment payments will they vote to cut their own throats or yours first?