Recession 2 “Summer of Recovery” 0

“We are going to take on the barbarism of war, the decadence of racism, and the scourge of poverty, that the Ku Klux — I meant to say the Tea Party,” The Rev. Walter Fauntroy told a news conference today at the National Press Club. “You all forgive me, but I — you have to use them interchangeably.”

But don’t worry, if you disagree with a Liberal you’re the hyperbolic racist! 🙂

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Political Cartoons by Michael Ramirez

The government is about to confirm what many people have felt for some time: The economy barely has a pulse.

The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.

That’s a sharp slowdown from the first quarter, when the economy grew at a 3.7 percent annual rate, and economists say it’s a taste of the weakness to come. The current quarter isn’t expected to be much better, with many economists forecasting growth of only 1.7 percent.

Such slow growth won’t feel much like an economic recovery and won’t lead to much hiring. The unemployment rate, now at 9.5 percent, could even rise by the end of the year.

“The economy is going to limp along for the next few months,” said Gus Faucher, an economist at Moody’s Analytics. There’s even a one in three chance it could slip back into recession, he said.

The report confirms the economy has lost significant momentum in recent months. Most analysts expect the nation’s GDP will continue to grow at a similarly weak pace in the current July-to-September quarter and for the rest of this year.

The economy has grown for four straight quarters, but that growth has averaged only 2.9 percent, a weak pace after such a steep recession. The economy needs to expand at about 3 percent just to keep the unemployment rate, currently 9.5 percent, from rising.

According to data released earlier this week, home prices fell as much as five percent across the country in the month of July, and existing home sales fell 27%.

The worst in 15 years.

But if you listen to the liberals and their pundits, it slow but it’s all good. You just to have more hope. Give it more time. Don’t be so impatient.

So what if GDP growth has gone for 5% in the last quarter of 2009 to 1.6% now it’s still improving! 🙂

And you wouldn’t to hand the keys back over to Bush now would you!

After all, Bush was Republican and all Republicans are Bush. (a gold star to anyone who can spot the logical fallacy in that statement 🙂 ) But isn’t that what the Democrats ARE saying…

Cue Sisyphus! 🙂

Will the economy actually enter a double dip, with G.D.P. shrinking? Who cares? If unemployment rises for the rest of this year, which seems likely, it won’t matter whether the G.D.P. numbers are slightly positive or slightly negative.

All of this is obvious. Yet policy makers are in denial. Why are people who know better sugar-coating economic reality? The answer, I’m sorry to say, is that it’s all about evading responsibility.(Paul Krugman)

After all, it’s Bush’s Fault! and you wouldn’t want <cue evil organ music> Republicans! they’ll just wreck the car again like they did before! 🙂

After all, Bush was Republican and all Republicans are Bush.

And as Mr Krugman also says, showing his liberal roots,”The administration has less freedom of action, since it can’t get legislation past the Republican blockade.”

The Democrats currently have an overwhelming majority in the House and 59/100 seats in the Senate and The Presidency.

Yet, it’s a “republican blockade”.

The problem is that the Democrats can’t get all the Democrats to vote for all of this crap so they have to blame the minority party for it!

It sure as hell can’t possibly be their fault! 🙂

So, if November happens as predicted and the Democrats are the minority, it will be the tyranny of the majority then right? 🙂 They will be the victims yet again, as they are now in the majority. 🙂

Perpetual Victimization!

But the Democrats will focus again on the 1 tree in the forest that isn’t on fire and say that’s you’re hope and change, just be patient, socialism wasn’t built in a day! 🙂

On Thursday, Standard & Poor’s said action is needed soon if the U.S. is to keep the much-coveted AAA bond rating that lets the government borrow in global markets at the lowest rates possible.

S&P’s warning came just days after Morgan Stanley asserted that the U.S., along with a number of other developed nations, is likely to default on some debt. Such defaults are “inevitable,” it said, given the growing number of retirees in developed nations who will have to be taken care of by a shrinking pool of workers.

The sovereign debt crisis “is not over,” said the investment bank’s Arnaud Mares, and that includes in the U.S.

What worries Wall Street is a public debt-to-GDP ratio of around 53%. That’s high enough as it is, but it’s about to go a lot higher. By 2020, recent data suggest, the ratio will top 100% — a red line that virtually all economists agree is dangerous.

In raw numbers, we owed roughly $7.5 trillion at the start of this year. By 2020 that explodes to $23.5 trillion, according to an analysis of Congressional Budget Office data by economist Brian Riedl.

What do these numbers mean? To begin with, we spend $187 billion a year, or 1.3% of GDP, to pay our debts now. Just 10 years from now, that will surge to $1.1 trillion, or 4.8% of estimated GDP. Fiscally speaking, we’ll be gasping for air.

Debt can be a good thing, but in big doses it’s poison. If, as some fear, the U.S. should simply say it can’t pay its debts and default — or do a de facto default by printing money to retire our debt — the consequences would be dire.

No nation would want our bonds in their portfolios. To entice them to buy, we’d have to offer a much higher risk premium — that is, higher interest rates.

That means our debt service could go even higher, squeezing out even more of our economy’s spending.

The dollar would implode, and prices for foreign goods — which now make up 15% of our economy — would soar. Private investment would shrink and, along with it, private-sector GDP

Americans’ standard of living, once the envy of the world, would recede into the pack of mediocre, government-run nations.

It doesn’t have to be this way. All this is due to unrestrained spending. The federal government now spends about $29,000 per household. That will rise to $38,000 by 2020. If you think “the rich” will, or can, pay for it all, think again.

Unless we begin to control spending, we can kiss our American lifestyles goodbye. It’s that simple.

Sadly, the White House is unwilling to see reality. Which may explain why, as our debts mount to ruinous heights, Vice President Joe Biden — President Obama’s point man on the recovery — can burble, “This is a chance to do something big, man!”

Yeah, man, something big — like wreck a country.

Warnings about America’s impending financial car wreck are being sounded, loud and clear. The only question is whether those driving the car will slam on the brakes before it’s too late.(IBD)

Got the car out of the ditch and drove it straight off a cliff and into a bottomless pit!

Way to go Barack & Co!

Yours is the Superior Intellect! 🙂

It’s All About Me :)

Today is primary day in Arizona. But as a registered Independent I have become used to the way of things. I am not allowed to vote today because I am not a partisan of either main party.

I have no voice.

But our President has a voice. And boy does he love the sound of it.

From David Limbaugh’s new book Crimes Against Liberty: Who is Barack Obama? To say that he has an enormous ego is an understatement. Many commentators, including psychological analysts and foreign leaders, have described him as a narcissist.

Obama’s patent self-confidence is not just posturing. It’s evident he truly believes he is special. He did, after all, pen two largely autobiographical books before he had accomplished much of anything. He once told campaign aide Patrick Gaspard, “I think that I’m a better speechwriter than my speechwriters. I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that . . . I’m a better political director than my political director.”

Obama’s belief that he is a gift to the world is a theme he would carry forward into his presidency. He truly believes he alone has the power to reverse the mess America has allegedly made of world affairs, and that only he can restore America’s supposedly tattered reputation.

Indeed, it often seems that for our president, American policy is not about the United States, but about him personally. At the Summit of the Americas, Obama sat through a 50-minute harangue against the United States by Nicaraguan President Daniel Ortega, who eviscerated the United States for a century of “terroristic” aggression in Central America. When it was Obama’s turn, he did not defend the United States, but made himself the issue: “I’m grateful that President Ortega did not blame me for things that happened when I was three months old.”

Obama’s numerous self-references soon became legendary. Obama referred to himself 114 times in his first State of the Union. By September 23, 2009, Obama had given forty-one speeches so far that year, referring to himself 1,198 times.  At his West Point speech in December, he referred to himself forty-four times. In a speech in Ohio in January, Obama referred to himself no fewer than 132 times and, in the same speech, had the audacity to proclaim, “This is not about me.”

That phrase, “This is not about me,” cropped up in many of Obama’s speeches, signaling that whatever “this” is, it’s precisely about him—his ego, his ideology, his agenda, his legacy, or his unbending ambition to have his way. The rhetorical device, “It’s not about me,” is a long established pattern in which he self-servingly pretends to project an air of humility to leave the impression that he is modest about accomplishing great things—thereby shamelessly seeking credit both for his modesty and his greatness.

Yet Obama continues to tell us—either as a brazen practitioner of Orwellian deception or as a poster child for political tone-deafness, “I won’t stop fighting for you.” If he were truly fighting for the people, he wouldn’t have mocked the tea partiers or closed his own counterfeit public forums on health care to all but union and other special interest supporters of ObamaCare.

Candidate Obama overtly cultivated a messianic image, from the grandiose pomp accompanying his campaign speech in Berlin to the Greek columns that adorned his acceptance speech at Chicago’s Invesco Field. His advisers fully bought into the façade, especially to the idea that Obama possessed a superior intellect—so far above the masses that it was difficult to convey his ideas in terms simple enough for the people to understand.

At a forum at the Kennedy School of Government, one participant suggested to Obama’s adviser and long-time confidant, Valerie Jarrett, that Obama’s ideas were so complex that the administration should consider writing simple booklets to explain them to ordinary people, just like the computer industry originally wrote DOS For Dummies. Jarrett said it was an excellent idea. “Everyone understood hope and change” because “they were simple . . . part of our challenge is to find a very simple way of communicating. . . . When I first got here people kept talking about ‘cloture’ and ‘reconciliation’ and ‘people don’t know what that’s talking about.’” Then it really got thick as Jarrett proclaimed, “There’s nobody more self-critical than President Obama. Part of the burden of being so bright is that he sees his error immediately.”

Obama didn’t exactly discourage this quasi-deification. In noting Obama’s “pathological self-regard,” former George W. Bush aide Pete Wehner reported that Obama surrounded himself by aides who referred to him as a “Black Jesus.” Wehner noted, “Obama didn’t appear to object.”

Surrounding himself with sycophants and egged on by an adoring media, Obama assumed the presidency with the arrogant ambition of transforming America. He believed he was The One—a visionary whose great deeds would be remembered generations from now. But while his charisma was a great asset on the campaign trail, as president he quickly found that his trademark oratory could not convince a skeptical nation of the wisdom of his extravagant plans.(Daily Caller)

“We were told we were getting a cool, calm, steady leader who could rise above emotional impulses to deliver classic statesmanship and prudent governance. But all too often we witness in him a petulant and vindictive bully who doesn’t seem to understand why anyone would challenge his omniscience,” Limbaugh writes.

Leftist Comedian Bill Maher in 2008: “New Rule: Republicans need to stop saying Barack Obama is an elitist, or looks down on rural people, and just admit you don’t like him because of something he can’t help, something that’s a result of the way he was born. Admit it, you’re not voting for him because he’s smarter than you. Barack Obama can’t help it if he’s a magna cum laude Harvard grad and you’re a Wal-Mart shopper who resurfaces driveways with your brother-in-law. Americans are so narcissistic that our candidates have to be just like us. That’s why George Bush is president.” 🙂

One of the questions a lot of pundits are speculating on is whether Barack Obama will make the great pivot after 2010, the way Bill Clinton did after 1994. Remember, Clinton made a big pivot to the right. Privately, a number of Democratic pollsters and others tell me they fundamentally believe Barack Obama is ideologically incapable of such a pivot. Limbaugh’s book provides the first real evidence that this is true. After 2010, there will be no moderation or pivot right. Obama is wedded to the failed liberal policies of the past hundred years that again and again the American public has repudiated.

But Obama holds that repudiation in contempt. As Limbaugh writes, “Obama’s disingenuousness is not just a matter of stretching the truth once in a while or engaging in a little old-fashioned hyperbole. His outright, habitual lies are a fundamental aspect of his governance…Inside a few months, he showed himself to be deeply racial, aggressively partisan, grossly incompetent, often verbally awkward apart from his teleprompter, an inflexible liberal ideologue, secretive, dishonest, undemocratic, dogmatic and dictatorial, and intolerant and dismissive of his opposition.”

“Based on his behavior as president, it is clear he truly believes his own hype, for we have discovered that instead of messianic, Obama is acutely, perhaps clinically, narcissistic…. Unless stopped, and reversed, the casualties of Obama’s systematic assault on this nation will be our prosperity, our security, and ultimately, our liberty.”(Red State.com)

On Fox Last Night: http://www.youtube.com/watch?v=jSBnzFtN6tk&feature=player_embedded

But don’t worry, he’s on vacation, AGAIN.

“It’s really inspiring, this vision they have for the future,” The president said at an event for Sen. Patty Murray. “Gives you a little pep in your step when you hear it.” referring to his new slogan for the GOP, “No We Can’t”.

Now that’s not petulant and childish now is it folks! 🙂

The net result of Obama’s failed policies is that consumers are reluctant to spend, entrepreneurs are reluctant to invest, and employers are reluctant to hire to the degree necessary to spur economic growth.–Doug Schoen, Democrat Strategist

But there’s always spin from the Ministry of Truth, In this case, CBS:

“President Obama’s approval ratings are certainly lower than they have been in the past, but it is worth noting they’re higher than President Clinton’s approval ratings were in 1994 at the same time and even higher than President Reagan’s approval ratings were in 1982 at this same time. I think the Reagan and Obama situation are sort of good comparisons because Reagan also had inherited a very difficult economy,” Jennifer Palmieri, of the liberal thinktank Center for American Progress, told the “Early Show.”

“The president’s had a lot of legislative victories but the White House understands very clearly that you don’t get points with the American people for legislative victories. They want to see results. The uncomfortable truth the white house is wrestling with [is] a lot of these policies they’ve enacted take time for people to see results in their everyday lives … that’s just going to take some time.”

Or put another way by major leftist Maureen Dowd of the New York Times:

Dumb and bigoted.

That’s Maureen Dowd’s assessment of her fellow Americans in a piece that ran in Sunday’s New York Times, “Going Mad in Herds.” According to Dowd, we are a tribe of unenlightened Islam-haters, who obtusely believe President Barack Obama is a Muslim. All this, she says, is evidence of something I’m sure she knew all along — that Americans lack Obama’s stirring intellect.
“Obama is the head of the dysfunctional family of America — a rational man running a most irrational nation, a high-minded man in a low-minded age,” she writes.

Be patient. He’s genius takes a long to appreciate, if you’re smart enough that is. 🙂

Reach for that Hope!

Anyone got Sisyphus on speed dial?

Lost in Translation

Pointing to proposals requiring that Americans buy health insurance, Pelosi asked “why would you throw them into the lion’s den of the insurance industry without some leverage with a public option?”

The government will save you!

“The need for a public option is very clear, and, as I have said, our House bill will have a public option,” Pelosi said.

Who cares what you think. I know better. This is what I want.

And besides in San Francisco, my home turf, many protested the President for not being far-left enough!

But the Senate Finance Committee’s version, the only one to draw Republican support — just one senator, Olympia Snowe of Maine — does not include such a plan.

Sucker!

We’re going to do it anyways, but now we can say we had support, but lost it. Oh well, that’s politics. Maybe we can bribe her with something else…

“I want to send our conferees to the table with the most muscle for America’s middle class,” said Pelosi, using the term for lawmakers delegated to the House-Senate negotiations.

“This is about going into that room and coming out with the best coverage and the lowest cost for America’s working families. I believe that that is best achieved by going to the table with a public option.”

No one care what the American people think. I want this. I will get it. Screw you.

I’m better. Smarter. And, most important, I have more powerful than you. <<sticks tongue out>>

Also, I’m completely drunk on my own power. But who cares. Anyone seen my fiddle? 🙂

It’s such a rush.

“I believe in a two party system where ideas are tested and assumptions are challenged because that’s how we move this country forward, but what I reject is when some folks decide to sit on the sidelines and root for failure,” said President Obama.” in San Francisco.

It’s just that the “time for debate is over” (aka shut up already!) and they “have no ideas” but I wanna here their ideas that they don’t have.

Democratic Party Failure is not an option.

<sticking fingers in ears> Lalalalalalalalalalalalalalalalalalalalalalala…I can’t hear you….

The latest fiscal trick up the sleeves of the Democratic Congress, as reported by Kaiser Health News, is to bypass usual procedures and pass a measure from Sen. Debbie Stabenow, D-Mich., to spend $245 billion boosting doctors’ payments — and do so outside the “deficit neutral” government health takeover bill.

Well, it wasn’t in the bill… <wink> <wink>

Translation: under the table Bribe

Just Like Harry Reid’s 100% Medicare funding (notice no cuts here)

And Chuck Schumer’s “Cadillac” plan exemption for New York.

Yes, that’s your “transparency” folks.

This week, the administration that during last year’s campaign vowed to “make our government open and transparent, so that anyone can ensure that our business is the people’s business” met behind closed doors with Democratic congressional leaders to craft a final bill that can quickly be rammed down Americans’ throats.

We are Transparent. We don’t give a crap about you and we’re going to do it to regardless. And we are going to do it in secret just as much as possible.

That transparent enough for you?

How about this: Politico.com

At a meeting last April with corporate lobbyists, aides to President Barack Obama and Sen. Max Baucus (D-Mont.) helped set in motion a multimillion-dollar advertising campaign, primarily financed by industry groups, that has played a key role in bolstering public support for health care reform.

The role Baucus’s chief of staff, Jon Selib, and deputy White House chief of staff Jim Messina played in launching the groups was part of a successful effort by Democrats to enlist traditional enemies of health care reform to their side. No quid pro quo was involved, they insist, as do the lobbyists themselves.

The result has been a somewhat unlikely alliance between an administration that came into power criticizing George W. Bush for his closeness to Big Business and groups such as the Pharmaceutical Research and Manufacturers of America and the American Medical Association.

The groups that came together at the meeting included PhRMA, the American Medical Association, the American Cancer Society, AARP and a number of trade groups.

Translation: Yeah, we beat up Bush for Secrecy, but that was then. Then is now. And we are in charge. So that’s different.

So, if you don’t play ball with us we’ll destroy you!

Translation: we want the industry to sell you out for their own profit, then demonize anyone else as being greedy capitalists.

Ain’t this fun!

The previously undisclosed meeting April 15 at the offices of the Democratic Senatorial Campaign Committee led to the creation of two groups — Americans for Stable Quality Care and a now-defunct predecessor group called Healthy Economy Now — that have spent tens of millions of dollars on TV advertising supporting health reform efforts.

Transparency is a wonderful thing.

The Democratic officials made no overt demands. Rather, they brought together the players and laid the groundwork for the creation of the coalition, and that was followed by more-direct solicitations from an outside Democratic consultant, Nick Baldick, retained by Healthy Economy Now, asking attendees at the meeting to join the coalition and contribute to its ad campaigns.

The U.S. Chamber of Commerce and America’s Health Insurance Plans, both of whom now vigorously oppose the health care bill, were notable attendees who opted not to participate.

Nick: (Mafia voice)  ‘Yeah, this is my brother Guido’ we are here to collect a donation from youse guys. So as we don’t to mess you up later. That would be unfortunate’.

Pure Chicago thug intimidation and bribery.

Now that’s transparent! 🙂

One of the key hurdles concerns an “individual mandate” — forcing Americans to buy health insurance, no matter how expensive it may end up being for them.

It Takes a Village. 🙂

You are your brother’s keeper and WE are yours. Enjoy.

Ignore the IRS agent knocking at your door.

And those new taxes, they aren’t taxes. I, President Obama,  said so. So it must be true.

And just think of all the money in fines we can spend!

Faced with such monstrously expensive health care premiums, medical experts confidently predict that many low- and moderate-wage families will opt to pay hundreds of dollars in federal penalties instead of thousands of dollars of insurance premiums — and cross their fingers that the family stays relatively healthy.

“This is about going into that room and coming out with the best coverage and the lowest cost for America’s working families.”–Pelosi.

Isn’t it just a Utopian wonderland!!

Rejoice! Don’t worry Be Happy!

Hope and Change!

Aren’t you just excited about how the government is going to make your life so much better than you could possibly do on your own!

While politicians are promising to get rid of one wasteful program, they are promising to enact new, equally wasteful, programs. Only the most gullible could believe the latter promises are more likely to be kept than the former one, given the political cost of eliminating an established program, even slowly, once people have developed a sense of entitlement to it.

Some of the most influential beneficiaries of wasteful government programs are the bureaucracies administering them. Government bureaucrats don’t want their programs to be eliminated, and they are well-positioned to avoid that possibility by covering up failures and justifying those too blatant to be camouflaged.

Indeed, it is usually better to be in charge of a failing program than a successful one. (IBD)

Now that’s the truth!

And The Public Option is set to be the biggest failure in the history of this country. But that won’t matter to the Democrats because the Trillion Dollar Gorilla will already be chained to your leg and that will be it. Forever!

Like Sisyphus rolling the rock up the hill forever but nerve reaching the top.

Sisyphus, a figure of Greek mythology who was condemned to repeat forever the same meaningless task of pushing a rock up a mountain, only to see it roll down again. The essay concludes, “The struggle itself…is enough to fill a man’s heart. One must imagine Sisyphus happy.”(Camus)

This ball and chain is forever.

And it’s for your own good.

Rejoice Citizen. It’s your government at work for you! 🙂

Are You Happy!?

“Any revolutionary change must be preceded by a passive, affirmative, non-challenging attitude toward change among the mass of our people. They must feel so frustrated, so defeated, so lost, so futureless in the prevailing system that they are willing to let go of the past and change the future. This acceptance is the reformation essential to any revolution.” — Saul Alinsky

“An organizer must stir up dissatisfaction and discontent… He must create a mechanism that can drain off the underlying guilt for having accepted the previous situation for so long a time. Out of this mechanism, a new community organization arises….” Saul Alinksy

Guilt, intimidation, fear, and a slow boil, froggie.

So how’s your bath water now? A little cool perhaps. Maybe we need to turn up the heat… 🙂