Mission Accomplished

The post “Mission Accomplished” Obama Foreign policy on Terrorism where Al-Qaeda is “crippled” and on no longer as big a threat.

A jihadist website posted a new threat by al Qaeda this week that promises to conduct “shocking” attacks on the United States and the West.

The posting appeared on the Ansar al Mujahidin network Sunday and carried the headline, “Map of al Qaeda and its future strikes.”

The message, in Arabic, asks: “Where will the next strike by al Qaeda be?” A translation was obtained by Inside the Ring.

“The answer for it, in short: The coming strikes by al Qaeda, with God’s Might, will be in the heart of the land of nonbelief, America, and in France, Denmark, other countries in Europe, in the countries that helped and are helping France, and in other places that shall be named by al Qaeda at other times,” the threat states.

The attacks will be “strong, serious, alarming, earth-shattering, shocking and terrifying.”

The Ansar al-Mujahidin network is a well-known jihadist forum that in the past has published reliably accurate propaganda messages from al Qaeda and its affiliates. (WT)

OBAMACARE

Some families could get priced out of health insurance due to what’s being called a glitch in President Barack Obama’s overhaul law. IRS regulations issued Wednesday failed to fix the problem as liberal backers of the president’s plan had hoped.

As a result, some families that can’t afford the employer coverage that they are offered on the job will not be able to get financial assistance from the government to buy private health insurance on their own. How many people will be affected is unclear.

The Obama administration says its hands were tied by the way Congress wrote the law.

I Guess you had to pass it to find out what is NOT IN IT, 3 years later! 🙂

The problem seems to be the way the law defined affordable.

BUT THAT WAS POINT OF THIS MONSTER, RIGHT?? I guess it depends on the what definition of “affordable” is? 🙂

Congress said affordable coverage can’t cost more than 9.5 percent of family income. People with coverage the law considers affordable cannot get subsidies to go into the new insurance markets. The purpose of that restriction was to prevent a stampede away from employer coverage.

Congress went on to say that what counts as affordable is keyed to the cost of self-only coverage offered to an individual worker, not his or her family. A typical workplace plan costs about $5,600 for an individual worker. But the cost of family coverage is nearly three times higher, about $15,700, according to the Kaiser Family Foundation.

So if the employer isn’t willing to chip in for family premiums – as most big companies already do – some families will be out of luck. They may not be able to afford the full premium on their own, and they’d be locked out of the subsidies in the health care overhaul law.

Employers are relieved that the Obama administration didn’t try to put the cost of providing family coverage on them.

“They are bound by the law and cannot extend further than what the law provides,” said Neil Trautwein, a vice president of the National Retail Federation.

Obamanomics: The economy shrank last quarter, the deficit topped $1 trillion last year, U.S. debt shot up $5 trillion in the past four, and joblessness is at 7.8%. Boy, President Obama sure inherited an economic mess, didn’t he?

According to the Bureau of Economic Analysis, the economy “unexpectedly” declined 0.1% in last three months of 2012, the first decline since early 2009.

The Obama administration, naturally, tried to look for scapegoats, this time settling on Hurricane Sandy and Republican-induced uncertainty over the “fiscal cliff” outcome.

But if that were the case, why was the administration running around late last year telling everyone how great the economy was doing?

And why didn’t any economist predict a downturn?

The average forecast among 50 economists surveyed earlier this month was for 1.6% GDP growth, and the most pessimistic pegged it at just under 1%.

Liberals were also quick to blame alleged spending cuts. Jared Bernstein — a former Obama economic advisor — complained that “austerity at (a) time when we need a fiscal push” is the problem.

“Congress is applying medieval techniques,” he wrote, “bleeding the patient while ignoring the indicators both here and abroad as to how that’s working.”

An interesting theory. Except that while the BEA says defense spending declined in Q4, overall federal spending was up $31 billion compared with Q4 2011 and up $98 billion compared with Q3 2012, according to monthly spending reports out of the Treasury Department.

And even assuming that the “huge cuts” from the sequester go through, spending this year will be about $570 billion higher than in 2008, and will consume 22.4% of GDP — a level reached only four times in the 63 years before Obama.

So maybe it’s the lack of adequate stimulus?

Perhaps, but only if you ignore the Fed’s massive ongoing pump-priming efforts, and the fact that the deficit in Q4 alone topped $292 billion — nearly double the deficit for all of 2007.

The lack of good excuses might explain why Obama and Co. are so desperate to put a positive spin on the numbers.

Democratic Party communications director Brad Woodhouse actually tweeted that this was “the best-looking contraction in U.S. GDP you’ll ever see.”

That’s one way of looking at it.

Another is that slow to non-existent growth has become the new normal thanks to Obama’s growth-choking policies, with the economy consistently underperforming expectations.

When Obama first took office, he forecast 4% GDP growth for 2011 and 2012, as did most everyone else.

Actual results: 1.8% growth in 2011 and 2.2% in 2012.

Just last summer, Obama was saying that Q4-over-Q4 growth in 2012 would be 2.6%. Actual result: 1.5%.

Now with Obama’s huge tax hikes kicking in, his regulators once again running amok, ObamaCare’s storm clouds looming ever closer, and deficits expected to top $1 trillion for the fifth year, why should anyone be surprised if the economy underperforms again in 2013? (IBD)

But that’s Bush/Republicans/Tea Partier’s Fault!!!
Now onto the next Crisis…
Political Cartoons by Chuck Asay
Political Cartoons by Glenn McCoy

Political Cartoons by Jerry Holbert

 Political Cartoons by Steve Kelley

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