The Buck Stops

Political Cartoon by Gary Varvel

One of the best, Thomas Sowell:

President Barack Obama boldly proclaims, “The buck stops here!” But, whenever his policies are criticized, he acts as if the buck stopped with George W. Bush.

The party line that we are likely to be hearing from now until the November elections is that Obama “inherited” the big federal budget deficits and that he has to “clean up the mess” left in the economy by the Republicans. This may convince those who want to be convinced, but it will not stand up under scrutiny.

No President of the United States can create either a budget deficit or a budget surplus. All spending bills originate in the House of Representatives and all taxes are voted into law by Congress.

Democrats controlled both houses of Congress before Barack Obama became president (January 2007 to be precise). The deficit he inherited was created by the Congressional Democrats, including Senator Barack Obama, who did absolutely nothing to oppose the runaway spending. He was one of the biggest of the big spenders.

The last time the federal government had a budget surplus, Bill Clinton was president, so it was called “the Clinton surplus.” But Republicans controlled the House of Representatives, where all spending bills originate, for the first time in 40 years. It was also the first budget surplus in more than a quarter of a century.

The only direct power that any president has that can affect deficits and surpluses is the power to veto spending bills. President Bush did not veto enough spending bills but Senator Obama and his fellow Democrats in control of Congress were the ones who passed the spending bills.

Today, with Barack Obama in the White House, allied with Harry Reid and Nancy Pelosi in charge in Congress, the national debt is a bigger share of the national output than it has been in more than half a century. And its share is projected to continue going up for years to come, becoming larger than national output in 2012.

Having created this scary situation, President Obama now says, “Don’t give in to fear. Let’s reach for hope.” The voters reached for hope when they elected Obama. The fear comes from what he has done since taking office.

“The worst thing we could do is to go back to the very same policies that created this mess in the first place,” he said recently. “In November, you’re going to have that choice.”

These risky loans, and the defaults that followed, were what set off a chain reaction of massive financial losses that brought down the whole economy.

Was this due to George W. Bush and the Republicans? Only partly. Most of those who pushed the lowering of mortgage lending standards were Democrats– notably Congressman Barney Frank and Senator Christopher Dodd, though too many Republicans went along.

At the heart of these policies were Fannie Mae and Freddie Mac, who bought huge amounts of risky mortgages, passing the risk on from the banks that lent the money (and made the profits) to the taxpayers who were not even aware that they would end up paying in the end.

When President Bush said in 2004 that Fannie Mae and Freddie Mac should be reined in, 76 members of the House of Representatives issued a statement to the contrary. These included Barney Frank, Nancy Pelosi, Maxine Waters and Charles Rangel.

If we are going to talk about “the policies that created this mess in the first place,” let’s at least get the facts straight and the names right.

The current policies of the Obama administration are a continuation of the same reckless policies that brought on the current economic problems– all in the name of “change.” Fannie Mae and Freddie Mac are still sacred cows in Washington, even though they have already required the biggest bailouts of all.

Why? Because they allow politicians to direct vast sums of money where it will do politicians the most good, either personally or in terms of buying votes in the next election.

Another political fable is that the current economic downturn is due to not enough government regulation of the housing and financial markets. But it was precisely the government regulators, under pressure from politicians, who forced banks and other lending institutions to lower their standards for making mortgage loans.

Amen! And those were Democrats by and large.

The RINOs still have to learn that getting along with Socialist Democrats is not possible and that even if they win Obama will be ideologically opposed to them on everything.

But at least it can’t get any worse and there is some hope, especially from the Tea Party Candidates.

Now that’s real “Hope and Change”. 🙂

Political Cartoon by Glenn McCoy

25 Reasons to “jaws” the Democrats…

But first, I would add #26: “Though the job losses we were experiencing earlier this year have slowed dramatically, we’re still not creating enough new jobs each month to make up for the ones we’re losing,” Obama said last week. “For families and communities across the country, this recession will not end until we completely turn that tide.”

Was this last week?

No.

It was December 2009.

Sounds like last week doesn’t it?

“We all know that there are limits to what government can and should do, even during such difficult times,” he said, alluding to the concerns about the soaring budget deficit. “But we have an obligation to consider every additional, responsible step that we can to encourage and accelerate job creation in this country.”

This week?

No.

November 2009.

“Democrats have to reassure voters we are not being reckless,” said a Democratic official involved in the planning. “The White House knows this and that’s why we’ll be hearing a lot about reducing the deficit early next year. Democrats owned this issue for the past four years and cannot afford to cede it to Republicans now.”

You got it. November 2009!
You be the Judge, Jury and hopefully executioner.

1) Remember the stimulus bill? Republicans strongly opposed it and said it wouldn’t work. Democrats said it would revive the economy and keep unemployment under 8 percent. So, what happened? Democrats shoved through a bill that cost $1.1 trillion when you add in the interest. It cost more than the Marshall Plan, the Louisiana Purchase (the real one not the Health Care one 🙂 ), and putting a man on the moon — combined. The result? The economy didn’t take off, the unemployment rate is still at 9.6 percent, and Democrats are calling for…you guessed it, another stimulus bill.

2) Perhaps the biggest problem with the economy right now is that businesses are so afraid of what the government will do that they’re stockpiling cash instead of spending it. Having a pro-market, Republican Congress that will oppose tax hikes, red tape, and damaging new legislation will reduce uncertainty and help give businesses the confidence they need to start hiring and expanding again.

3) While he was campaigning, Barack Obama promised to cut the deficit in half, but in his first 100 days alone, he quadrupled the deficit. As if that wasn’t bad enough, his budget blueprint adds more, debt than all previous presidents — from George Washington to George W. Bush — combined.” No civilization in human history has spent like America has over the last two years of Democratic rule and unless we can get more Republicans in office, this country’s economic future is going to be deader than King Tut and uglier than a 7 day old chunk of roadkill.

4)The Democrats seem hellbent on taking over as much of the private sector as possible. In a relatively short period of time, our government has taken over much of the banking industry, auto industry, health care industry, and student loans. There are currently no viable plans to get out of any of these industries either. This sort of Sovietization of the American economy can only end badly. After all, look what similar policies did to the Soviet Union.

5) In the middle of a recession, the Democrats in Congress still seem to be on track to enact the largest tax increase in American history by allowing the Bush tax cuts to expire. Here we are with a struggling economy and businesses that are afraid to move because they can’t be sure of what the Democrats will do, and Pelosi, Reid, and Obama still haven’t addressed this massive tax hike. How incompetent. How short-sighted. How foolish.

I would add (#27): In the middle of a recession, with joblessness hovering around the 10% mark, the Obama administration made a deliberate decision to impose a drilling moratorium knowing it would cost at least 23,000 jobs. Why?

Senior Obama administration officials concluded the federal moratorium on deepwater oil drilling would cost roughly 23,000 jobs, but went ahead with the ban because they didn’t trust the industry’s safety equipment and the government’s own inspection process, according to previously undisclosed documents.

Never mind the fact that an event like this had never happened before in deep water.   Never mind there were hundreds of deepwater wells functioning properly and well.  Never mind that those jobs were well paying jobs  and that through their elimination would cause ripple-effect unemployment down the supply chain.

Instead, deliberately trash the lives of 23,000 workers – and their families – because of unfounded fears.

And a deep seated radical environmentalist “green” agenda. They weren’t the right kind of jobs, after all.

Yeah, that’s leadership, isn’t it?

6) “Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is yes, that’s what I’m telling you.” — Joe Biden

7) Our economy is no longer suffering from the recession. At this point, the economy is suffering from the policies the Democrats put in place that were supposed to create a “recovery.”

So how was the “summer of recovery” for you?

8) I don’t mind a President taking a vacation now and then or playing a little golf, but Barack Obama has taken it to a ridiculous extreme. The man has already played more golf in two years than George W. Bush did in his whole presidency. Is he planning to try out for the PGA after he gets out of office? And what’s with the never ending vacationinh? It’s like the presidency is a distraction from taking time off for this guy. Wait, is that the phone ringing? Oh, it’s Marie Antoinette. She is just calling to say that Obama needs to show more sensitivity to the people during tough economic times.

9) “I wouldn’t dignify you by peeing on your leg. It wouldn’t be worth wasting the urine.” — Democratic Congressman Pete Stark to a constituent at a Townhall.

10) “But I don’t want the folks who created the mess to do a lot of talking. I want them to get out of the way so we can clean up the mess. I don’t mind cleaning up after them, but don’t do a lot of talking.” — Barack Obama explains his views on bipartisanship.

11) The Cambridge police acted stupidly in arresting somebody when there was already proof that they were in their own home… What I think we know — separate and apart from this incident — is that there is a long history in this country of African-Americans and Latinos being stopped by law enforcement disproportionately, and that’s just a fact. — President Barack Obama explains that racism was behind the arrest of his friend, Bill Gates

12) “Though this nation has proudly thought of itself as an ethnic melting pot, in things racial we have always been and continue to be, in too many ways, essentially a nation of cowards.” — Attorney General Eric Holder

12a) Suing Arizona. Period.

13) Iran, a nation that’s known for supporting terrorism and chanting “Death to America,” is about to get nukes and Barack Obama’s reaction has been…well, pretty much nothing.

14) On the other hand Israel, a nation that’s known for being a bastion of freedom in a backwards region and for supporting America, is just trying to survive and Obama’s reaction has been cold and hostile. Maybe if Benjamin Netanyahu started leading “Death to America” chants in the Knesset, Obama might become a little friendlier.

15) The President of the United States should not bow to foreign leaders.

16) Nancy Pelosi once promised to run the most “ethical and honest Congress in history.” She wasn’t alone. Yet, how have the Democrats been doing on that front? Perhaps we could ask Eric Massa, Charlie Rangel, Maxine Waters, Roland Burris, Jesse Jackson, Jr., Gov. Rod Blagojevich, Alan Mollohan, Laura Richardson, Pete Visclosky, and William Jefferson among others. Sorry that all the charges aren’t laid out, but covering all the Democratic corruption that has occurred would be a double sized article in and of itself.

17) In one of the most corrupt deals in American history, Barack Obama broke existing contracts and tossed away billions in taxpayer dollars to give his union pals an outsized ownership stake in Chrysler and General Motors. Now, every time you buy a car from one of those companies, you’re essentially contributing to the Democratic Party. Calling that sleazy is like calling the ocean “wet.”

18) “The American public…just like your teenage kids, aren’t acting in a way that they should act. The American public has to really understand in their core how important this issue is.” — Energy Secretary Steven Chu on the public’s lack of concern over greenhouse gasses

19) “How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that? Starting with Michael Steele.” — Democratic Congressman Alan Grayson

19a) By Grayson himself on the floor during the Health care debate: Rep. Alan Grayson (D-Fla.) warned Americans that “Republicans want you to die quickly” during an after-hours House floor speech Tuesday night, highlighted by a sign reading “The Republican Health Care Plan: Die Quickly.”

Then the apology for this hyper-partisan rhetoric: “I apologize to the dead and their families that we haven’t voted sooner to end this holocaust in America,” he said on the House floor Wednesday afternoon.

Now that’s your Obama Post-Partisan Congress for you.

20) “There is no question there is a concerted effort to make this a political issue by some. And I join those who have called for looking into how is this opposition to the (Ground Zero) mosque being funded. How is this being ginned up that here we are talking about Treasure Island, something we’ve been working on for decades, something of great interest to our community as we go forward to an election about the future of our country and two of the first three questions are about a zoning issue in New York City — Nancy Pelosi

20a) If you disagree with a Democrat you’re a racist, a bigot, or a terrorist. Or all three. Isn’t that enough right there? 😦

21) “When I became the NASA administrator — or before I became the NASA administrator — (Obama) charged me with three things. One was he wanted me to help re-inspire children to want to get into science and math, he wanted me to expand our international relationships, and third, and perhaps foremost, he wanted me to find a way to reach out to the Muslim world and engage much more with dominantly Muslim nations to help them feel good about their historic contribution to science … and math and engineering.” — NASA Administrator Charles Bolden explaining that Democrats no longer view space as one of NASA’s top priorities

22) The Democrats in the House actually managed to pass a cap and trade bill that’s supported by Barack Obama. This bill would impose massive new energy costs on American consumers. Estimates range from $1600 to $4000 in new costs per family. Although the Senate hasn’t passed this legislation yet, in an almost unbelievable show of arrogance, they’re considering trying to push it through during the lame duck session. If they try that, the American people should rise up as one and proclaim that it will be a “cooked duck session” for anybody who tries to shove significant legislation through before the next Congress arrives.

22a) The massive, seismically so, tax increases that the Democrats want to see on 1/01/11  when the Bush Tax Cuts expire. They actually think it’s a good idea to raise taxes on everyone during a recession. But they will be dishonest and say “it’s only the rich” we want to target. This kind of Class Warfare has never worked out in the past and won’t now.

23) How about Obama’s big, oily Katrina? Know what the difference was between the oil spill in the Gulf and the other programs Obama has pushed? With most of the other programs, it’ll take years for people to see how bad they are. With the oil spill, the country could see the complete and utter incompetence of the Obama Administration in real time.

24) It’s bad enough that the federal government ignored the law, isn’t trying to finish the fence, and refuses to secure our southern border. But now, not only are they still talking up amnesty, they’re actually harassing and suing Arizona because that state has decided to do the job that the federal government is refusing to do. If only the trial lawyers, unions, or ACORN were demanding that the border be secured, we might get some action.

25) You’d have to go all the way back to the days when the British were bossing around American colonists at the point of a bayonet to find the sort of government arrogance that led to Obamacare being shoved through in Congress. No matter how loudly the American people said they didn’t want the bill, Democrats insisted that they knew best. So now, the quality of American health care will be destroyed, private health insurance will end, rationing will occur, death panels will be instituted, the deficit will soar, and taxpayer dollars will be used to fund abortion — but on the upside, Democrats think over the long-term, it will be good for their political prospects. However, there is an alternative. The GOP House Leadership has pledged to defund and repeal Obamacare. If we can get them into power, we can start putting the brakes on now and start working on health care reform that will actually improve what we have now instead of destroying it utterly and replacing it with an inferior system. (John Hawkins- Townhall.com)

So when the Democrats trot out their bribes in the next few months, don’t buy it. It’s just more Marxist Snake Oil.

We don’t need anymore Snake Oil. That buck has to stop.

Uncle Sam Getting Fat

Be who you are and say what you feel, because those who mind don’t matter. And those who matter don’t mind. ~Dr. Seuss

Michael Ramirez Cartoon

Government’s role in the economy has reached an unprecedented scale by at least one measure.

A record 30 cents of every dollar in personal income comes directly from government, Commerce Department data show.

And since government produces nothing and gets it money from you and me (the private sector) and there is now 47% of the people who don’t pay taxes at all and One in six Americans receives some form of government aid because of effects of the recession that started in 2007, a review of data indicates.

More than 50 million people are on Medicaid, a program principally designed to help the poor, and nearly 10 million Americans receive unemployment benefits, USA Today said Monday in a report based on data from state officials.

“Virtually every Medicaid director in the country would say that their current enrollment is the highest on record,” said Vernon Smith of Health Management Associates, a company that compiles data for the Kaiser Family Foundation.

More than 40 million people now receive food stamps, a jump of nearly 50 percent since the recession began, the report said. The unemployment rate in the United States remains above 9 percent.

You have more people dependent on less people for more money! 😦

But don’t worry, this was the “Summer of Recovery” and everything is fine. It just needs more time , according to our Harvard Educated Academic Elites — aka the Obama boys and girls.

And they just need to explain it better and suddenly you’ll have an epiphany and see how wonderful they are! 🙂
Including transfer payments (income support and health insurance benefits) and compensation to public employees, government paid out $3.8 trillion of $12.5 trillion in total personal income in July on an annualized basis.

And remember their “urgent” August bailout of state workers for  $26 billion was supposed to be partially paid by cuts in Food Stamps in 2014 (when the Health Care Mandate is set to kick in).

So if they just explain better how their Wimpy “I’ll bailout you today for a payment in 4 years” economics work for you, you’ll suddenly fall madly in love with them and bask in their greatness. 🙂

That 30.3% share of personal income compares to 25.5% before the recession and 23.5% in 2000. The level topped 27% in the wake of the 1991 recession and hit a prior peak of 28% in 1975.

So government workers personal income has risen 7.5 % SINCE the recession started (and Congress was taken over by Democrats in 2007). And you’re on the hook for it. Doesn’t that make you happy?

The government’s record share reflects the dismal state of private wages and the ramping of federal transfer payments from a historically high base.

“The private economy has been put through the wringer and thus policymakers have been working hard to fill the hole,” said Mark Zandi, chief economist at Moody’s Analytics.

Real private wages remain 8.4% below their December 2007 level and just 1.3% above their February bottom. That low was a level first reached in March 2001.

The weakness in private wages reflects deep layoffs and shorter workweeks due to the recession, and the “not terribly robust” prior economic expansion, said Josh Feinman, chief economist at Deutsche Asset Management in the Americas.

Meanwhile, government income payments are up 17% in real terms since the start of the recession. The real mover has been transfer payments, which accounted for a record 18.4% of personal income in July. That’s up by nearly half from 12.7% in 2000 and more than a quarter from 14.4% in 2007.

The growth is a combination of the inexorable rise of spending on Social Security and health care entitlement programs, as well as a spike in unemployment compensation, food stamps and Medicaid due to weak labor markets and expanded benefits included in the Recovery Act.

Real personal income less government transfer payments remains 5.5% below its December 2007 peak, yet real disposable income is up 2.7% since the start of the recession. That’s due to increases in government income payments and lower tax payments.

Too Much To Get Out?

The government’s role in supporting the recovery is already raising questions about how the economy will fare as the crutches are removed.

“Given how significant its role has become, it does make it more difficult for the government to exit out in a graceful way,” Zandi said.
The stimulus has already begun to fade, with more than a million unemployed exhausting jobless benefits of up to 99 weeks.

Zandi says even further government stimulus would be prudent, given the current slowdown.

In addition to tax cuts and spending hikes, another option would be a government-led mortgage refinancing push to make low-rate loans available to those with insufficient equity in their homes to qualify.

“To have a meaningful recovery, the private sector has to step back up to the plate,” Feinman said.

In prior recoveries, policy stimulus and inventory building eventually allowed for a handoff to a healing private sector, he says.

That handoff “is just not happening” said Feinman. He expects “a long climb back.”

The one area of private compensation that is growing, nonsalary benefits, is not as helpful as wage growth, which puts cash in people’s pockets, Zandi notes.

Real nonsalary compensation (private and government) is up 4.1%, likely reflecting rising health care costs and perhaps some catchup pension contributions.

During the Great Depression, when fiscal stabilizers and safety nets were in their infancy, the government’s share of personal income peaked at just over 16%. Even in World War II, when the government payroll ballooned, its share only briefly neared 25%, falling back below 20% until the 1960s.

The share of personal income is an incomplete gauge of government’s economic role because it doesn’t include direct spending. A better, though imperfect, measure would be the combined federal, state and local government budgets as a share of gross domestic product.

By this score, government was far bigger during World War II, when the federal budget alone topped 43% of GDP. While state and local figures are out of date, total government spending probably will be around 40% of GDP this year. (IBD)

And Obama & Co’s solution, they want to spend more money and still raise taxes on 1/1/11.

The definition of insanity is doing the same thing over and over again and expecting a different result.

But that’s what happens when you’re in an ideological ditch and you can’t get out.

So bring out the talking points:

“In the month I took office, we were losing 750,000 jobs a month,” the president said. “This morning, new figures show the economy produced 67,000 private sector jobs in August, the eighth consecutive month of private job growth.  Additionally, the numbers for July were revised upward to 107,000. Now that’s positive news, and it reflects the steps we’ve already taken to break the back of this recession.”

The net job loss for August is largely because of the layoffs of 114,000 Census temporary workers.

When May’s job numbers showed a net increase of 431,000 jobs – 411,000 of which were Census jobs — the president did note that “most of these jobs this month that we’re seeing in the statistics represent workers who’ve been hired to complete the 2010 census.” But in those June 4 remarks the president didn’t detail just how many of the 431,000 jobs were Census jobs – 95% of them — and he cited the overall report, and its deceptively large number as evidence that businesses are “starting to hire again. Workers who were laid off, they’re starting to get their jobs back. Companies that were almost forced to close their doors are making plans to expand and invest in new equipment.” (ABC)

So you can have you’re cake and eat it too! So Let them Eat Cake! 🙂

…and said he would “in the weeks ahead” be detailing “further steps to create jobs and keep the economy growing, including extending tax cuts for the middle class and investing in the areas of our economy where the potential for job growth is greatest.”

And judging from past performance that means more government jobs and more bailouts for states and unions.

Yeah, that’s the ticket…:(

Asked to what degree he regrets his administration’s decision to call this Recovery Summer, the president stammered then said, “I don’t regret the notion that we are moving forward, but because of the steps that we’ve taken.  And I’m going to have a press conference next week, where, after you guys are able to hear where we’re at, we’ll be able to answer some specific questions.” (ABC)

Oh god, he’s going to EXPLAIN IT AGAIN! Just in case you were too stupid to understand it every other time he’s said it! 😦

If he just explains it repeatedly enough you’ll get it. 🙂

And it could have been so much worse. 🙂

“This is what change looks like,” Obama said on signing into law the Health Care Cram down Bill.

So in November, we have to show HIM what change looks like then we have change ourselves too because they are the pimps, and we are the ho’s.  So we have to take them out of the drug dealing business and we have to stop using them.

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! 🙂

*************************************************

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! 🙂

The Ditch of Tolerance and Debt

Michael Ramirez Cartoon

Free Speech: The speaker of the House wants to know how opponents of the Ground Zero mosque are being funded. When Americans can be investigated for their opinions, our republic has arrived at a dangerous place.

This is how tyrants act, not U.S. lawmakers — especially those two heartbeats from the presidency. Elected and appointed officials in this country have a duty to tolerate dissent, and in some cases even promote it. Our constitutional safeguard of free speech is one of the principles that sets us apart from repressive nations.

Should the speaker get her way, that will be some drawn-out probe. The number of Americans she would charge with being the “opposition” is considerable.

A Sienna Research Institute poll found that 63% of New York state voters are against the Cordoba House. When polling all Americans, CNN found that 68% oppose the mosque, and Time discovered that 61% don’t like the idea. Only 29% told CNN they favor the plan, while 26% in the Time poll said they support it.

No matter how odious an idea or speech may be to those in power, the state doesn’t have the moral standing to punish or re-educate those who express unpopular positions or annoy the authorities.

Anyone who wasn’t chilled by her statement is part of the problem.(IBD)

But the New TIME Magazine Cover: Is America Islamophobic?

Now that’s your “tolerant” Ministry of Truth.  who don’t even read, understand,or just ignore their own Polls!! 🙂

But don’t worry, the Left doesn’t even call it a Mosque anymore, you notice, in large part they just call it a “Community Center” or a “community outreach” center.

So the PC Thought Police have struck again.

And if this whole thing is about tolerance why is the Left and the Mosque supporters the most intolerant of dissent and least willing to listen?? 🙂

Washington (CNN) — Memorial crosses erected along Utah public roads to honor fallen state highway troopers have been found unconstitutional by a federal appeals court.

A three-judge panel of the 10th Circuit U.S. Court of Appeals ruled Wednesday that the 14 large crosses would be viewed by most passing motorists as “government’s endorsement of Christianity.”

“We hold that these memorials have the impermissible effect of conveying to the reasonable observer the message that the state prefers or otherwise endorses a certain religion,” concluded the Denver, Colorado-based court. The state of Utah and a private trooper association have the option of appealing to the U.S. Supreme Court.

While placed on public land and with the state’s permission, the crosses themselves are privately owned and maintained. The state expressly noted it “neither approves or disapproves of the memorial marker.”

But that’s Christianity!  That’s Evil! That’s the real objection.

Maybe they should have erected mini-mosques as memorials then the Left would have no problem with them. 🙂

Because, remember, just like “sensitivity”, the Left will tell you how you are supposed to feel and think and anything else is “insensitive”. Same here, “tolerance” is what is defined by the Left not be logic, reason, or consistency.

No one one Left will understand their own hypocrisy. Face that fact.

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Congressional Budget Office (CBO), in its mid-year budget update, has projected that the 2010 budget deficit will be the second highest on record since the end of World War II, eclipsed only by the deficit of 2009.

The CBO says that the total 2010 deficit will reach $1.3 trillion, down slightly from 2009’s $1.4 trillion record. All told, CBO projects that the government will run up a total of $6.2 trillion in new deficits between 2011 and 2020.

Making it over $20 Trillion, double what it was in 2007 and 4 times what it was 20 years prior! a 400% rise in a generation!

But don’t worry it’s all George W Bush and The Republicans Fault! 🙂

During his speech, the president likened Republicans to the “folks who drove the car into the ditch.”

“And so we decided, you know what, we’re going to do the responsible thing,” he said. “We put on our boots, we got into the mud, we got into the ditch. We pushed, we shoved, we’re sweating. They’re standing on the sidelines sipping a Slurpee, sort of watching us, saying, ‘Well, you’re not pushing hard enough,’ or ‘Your shoulder is not positioned the right way,’ giving us a whole bunch of advice on how to push — not lifting a finger to help.

“And finally we get this car up back on the road again, and finally we’re ready to move forward again,” Obama said. “And these guys turn around and say, ‘Give us the keys.’ Well, no, you can’t have the keys back — you don’t know how to drive.”–President Obama

So, children, you can’t hand the keys back to those morons. You have to trust me, I know what I’m doing. 🙂

And I’m so much smarter, and so much better than you! 🙂

Yeah, the car is back on the road alright, it has a whole in the gas tank, the fuel system is running rich, the steering wheel veers violently to the Left, the muffler has a hole in it and is dragging on the ground. The windows are broken, the transmission needs an overhaul,  and the tires are bald.

But it runs. And you should have more respect and reverence for your Elite Superiors, you ungrateful louts! 🙂

And it’s all George W Bush’s Fault after all! 🙂

Relative to the size of the economy, the 2010 deficit will reach 9.1 percent of the Gross Domestic Product, according to the CBO’s projection. The deficit in 2009 was 9.9 percent of GDP.

“As was the case last year, this year’s deficit is attributable in large part to a combination of weak revenues and elevated spending, associated with the economic downturn and the policies implemented in response to it,” the CBO explained.

The current economic downturn is expected to last for several more years, the non-partisan office said, predicting that unemployment will not fall to around a healthy 5 percent until at least 2014.

Oh goody, just in time for the Health Care Mandate and the other taxes to start kicking in!!!

Rejoice!! 🙂

After a year and half of “stimulus” and bailouts gone bad, what has the shift towards higher government spending and an encroaching nanny state cost you? This year, it has cost you 231 days out of your life, or 63 percent of 2010.

Every year, the Americans for Tax Reform Foundation and its Center for Fiscal Accountability calculate the day on which the average American has paid off his burden of federal, state and local spending and regulations. This year that day falls on August 19, a full eight days later than last year’s date.

That was yesterday folks! Rejoice! 🙂

Federal spending, always the largest contributor to the Cost of Government Day, cost taxpayers 104 days this year. This is up from 90 days in 2008, when Cost of Government Day fell on July 16. This is to say that the ill-conceived spending policies of the past two years have cost taxpayers over a month of their lives, and show few signs of abating.

President Obama has proposed spending $3.8 trillion in 2011, a 40 percent increase from pre-bailout, pre-“stimulus” levels. (Daily Caller)

And they want to raise taxes in a recession…sorry “Summer of Recovery”.  Hope 2.0…Recovery from what? a Marxist drunken stupor?

Does it kind of remind you of Hollywood rehab, where they go and attend a rehab then come out and do it all over again and go back to rehab and then come and do it again, ad nauseum…?

But don’t worry, if you’re mad about it,remember  it’s all George W. Bush’s Fault you islamophobic,racist,insensitive, ignorant low country moron! 🙂

Listen to your Masters, the Insufferably Superior Left. 🙂

They are just better, smarter, more tolerant, and sensitive than you could ever be.

And that’s just the facts, ma’am. 🙂

Spin Dizzy

Gotta See this: http://happybirthdayfromaz.com/

Send a Birthday greeting to the President who is in Chicago with Rev Wright, Tony Rezco, and other Chicago heavyweights while his Wife is taking over 60 rooms with 40 people at a 5- Star Spanish Hotel with the kids.

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“Summer of Recovery” (Obama’s Term) Update

WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April, the US Department of Agriculture said in a statement on its website.

Participation has set records for 18 straight months.
An average of 40.5 million people, more than an eighth of the population, will get food stamps each month in the year that began Oct. 1, according to White House estimates.

The figure is projected to rise to 43.3 million in 2011.

But the economy is getting better, according to the Obama Administration and Liberal Media.

“Make no mistake, we are headed in the right direction,” Mr. Obama said July 2nd.

The U.S. economy continued to grow in the second quarter, but the pace slowed more than economists had expected.-CBS News

It may not feel like we are in a full-fledged economic recovery yet but the Treasury Secretary seemed to imply otherwise in a recent New York Times piece entitled “Welcome to the Recovery”. Although Secretary Timothy Geithner noted in the piece that we still have a long way to go, it seems a little off-putting for the Treasury Secretary to welcome us to a recovery when the unemployment rate is still well over 9% and not expected to go down much further in the near future.

A new jobs report for July is due this week but the jobs report for June wasn’t terribly optimistic. A CNN.com news items about that report was titled “Job recovery hits a wall” and reported that the economy lost 125,000 jobs in June. One hopes that the July jobs report will be much stronger. Regardless, I’m sure that the millions of Americans out there who still don’t have jobs don’t feel like we are in a “recovery”.

Liberal economist Paul Krugman even seemed surprised by Geithner’s piece. After criticizing Republicans for obstructionism (unsurprisingly) and saying that the government has not done enough to stimulate the economy, Krugman wrote that “the [Obama] administration has decided to engage in happy talk, saying that it’s all good. Do they really think this will work?”

The administration might think so but until a lot more jobs are added to this economy, it seems like it’s too early for the Treasury Secretary to welcome us to a recovery. (townhall.com)

Has anyone told the American People?

Oh right, they don’t care about that, they just care about pushing their agenda.

And Big Brother is always right, isn’t he.

And since anything that is wrong is Bush’s Fault they don’t have to worry about it anyhow! 🙂

Political Cartoon by Michael Ramirez

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In an exclusive Newsmax interview, former House Speaker Newt Gingrich backs Arizona’s new immigration law and says Gov. Jan Brewer “ought to promptly file suit against the federal government to make them pay for all the costs that Arizona’s dealing with — costs in schools, costs in prisons, costs in hospitals. If the federal government’s basis of its lawsuit is that it has sole responsibility, then it ought to have sole responsibility. If I were [Gov. Brewer], I’d present them with a bill for several billion dollars on behalf of the people of Arizona who are currently suffering because eof the incompetence and failure of the federal government.”

Sounds good to me. 🙂

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YOU HAVE BEEN SCANNED, CITIZEN

For the last few years, federal agencies have defended body scanning by insisting that all images will be discarded as soon as they’re viewed. The Transportation Security Administration claimed last summer, for instance, that “scanned images cannot be stored or recorded.”

Now it turns out that some police agencies are storing the controversial images after all. The U.S. Marshals Service admitted this week that it had surreptitiously saved tens of thousands of images recorded with a millimeter wave system at the security checkpoint of a single Florida courthouse.

This follows an earlier disclosure  by the TSA that it requires all airport body scanners it purchases to be able to store and transmit images for “testing, training, and evaluation purposes.” The agency says, however, that those capabilities are not normally activated when the devices are installed at airports.

Body scanners penetrate clothing to provide a highly detailed image so accurate that critics have likened it to a virtual strip search. Technologies vary, with millimeter wave systems capturing fuzzier images, and backscatter X-ray machines able to show precise anatomical detail. The U.S. government likes the idea because body scanners can detect concealed weapons better than traditional magnetometers.

This privacy debate, which has been simmering since the days of the Bush administration, came to a boil two weeks ago when Homeland Security Secretary Janet Napolitano announced that scanners would soon appear at virtually every major airport. The updated list includes airports in New York City, Dallas, Washington, Miami, San Francisco, Seattle, and Philadelphia.

The Electronic Privacy Information Center, a Washington, D.C.-based advocacy group, has filed a lawsuit asking a federal judge to grant an immediate injunction pulling the plug on TSA’s body scanning program. In a separate lawsuit, EPIC obtained a letter  from the Marshals Service, part of the Justice Department, and released it on Tuesday afternoon.

These “devices are designed and deployed in a way that allows the images to be routinely stored and recorded, which is exactly what the Marshals Service is doing,” EPIC executive director Marc Rotenberg told CNET. “We think it’s significant.”

A 70-page document  showing the TSA’s procurement specifications, classified as “sensitive security information,” says that in some modes the scanner must “allow exporting of image data in real time” and provide a mechanism for “high-speed transfer of image data” over the network. (It also says that image filters will “protect the identity, modesty, and privacy of the passenger.”)

“TSA is not being straightforward with the public about the capabilities of these devices,” Rotenberg said. “This is the Department of Homeland Security subjecting every U.S. traveler to an intrusive search that can be recorded without any suspicion–I think it’s outrageous.” EPIC’s lawsuit says that the TSA should have announced formal regulations, and argues that the body scanners violate the Fourth Amendment, which prohibits “unreasonable” searches.

TSA spokeswoman Sari Koshetz told CNET on Wednesday that the agency’s scanners are delivered to airports with the image recording functions turned off. “We’re not recording them,” she said. “I’m reiterating that to the public. We are not ever activating those capabilities at the airport.”

The TSA maintains that body scanning is perfectly constitutional: “The program is designed to respect individual sensibilities regarding privacy, modesty and personal autonomy to the maximum extent possible, while still performing its crucial function of protecting all members of the public from potentially catastrophic events.”

Notice they did say they didn’t have the capability, they just were not using it. Uh, huh, sure I’m always willing to believe the angels of better nature when it comes to the Government, especially this one, and the Justice Dept and Big Sis Janet. 🙂

Don’t you fell safer now? 🙂

Don’t feel better about the economy.

Happy Happy Joy Joy! 🙂