The Left Doesn’t Get it :)

Michael Ramirez Cartoon

I would add in Treasury Secretary Geithner, Fed Chairman Bernacke and our dear President.

Geithner and Bernacke for there Us Treasury Bond buy out which is just another attempt at a stimulus for what the 6th time now? (and a quarter of the money they are using is from TARP, remember that from 2 years ago that was going to save the universe?)

Trying to pump money into the system so that business will lend it and hire and buy. Instead, they just hoard it expecting the Obama Administration to hit them with even more taxes because the are “rich” “fat cats” and evil,greedy corporate america.

The Bush Tax cuts are still out there.

Health care Mandates are still out there.

Financial “reform” is still out there.

So what will they try next?

That’s been the problem all along. What will the Left do next to demonize the business community next? They don’t know.

And then our dear President is going on a trip to Indonesia where he seems determined to take the entire US Navy with him like a Potentate, at a cost some estimate at $200 million PER DAY.

He just doesn’t get it.

I saw his press conference the day after the elections and it was clear he personally doesn’t get it.

The Associated Press’ Ben Feller asked if he would concede that the midterms had been “a fundamental rejection of your agenda.” Obama declined. “What they were expressing great frustration about is the fact that we haven’t made enough progress on the economy.”

It’s not the policies that have failed. They just haven’t work fast enough for the stupid, impatient, get-me-a-job today, ungrateful , unwashed, stupid masses! 🙂

“Would you still resist the notion that voters rejected the policy choices you made?” “Voters are not satisfied with the outcomes,” the president said.

No matter how many ways reporters phrased the question, the answer was the same. CNN’s Ed Henry suggested there may be “a majority of Americans who think your polices are taking us in reverse,” and asked: “You just reject that idea altogether that your policies could be going in reverse?” “Yes,” Obama said sharply.

What failures he did admit were those of tactics and communications. It’s not that he has poisonous relations with business, he said, but that he needs to do better at “setting the right tone publicly.” It’s not that his economic policies were flawed, he said, but that people “don’t see” the progress.

You just aren’t doe-eyes and awe-struck enough to see how great he is. You don’t faint in his presence.

Then the best comedy line (in a cynical way mind you):

Peter Baker of the New York Times asked Obama for areas in which he’d be willing to compromise with Republicans. “I’ve been willing to compromise in the past, and I’m going to be willing to compromise going forward,” the president fired back.

Now that’s comedy! That’s why they shut out the Republicans completely, shouted and denigrated the American People, BECAUSE THEY WERE WILLING TO COMPROMISE! 🙂

Must be quite an alternate universe to be them.

When Fox News’ Mike Emanuel pointed out that one in two voters, according to exit polls, favors a repeal, Obama replied: “It also means one out of two voters think it was the right thing to do.”

It’s also obvious that the self-righteous, smarter-than-thou Progressive Left is incapable of getting it either.

There are calls by the whacky left to just ignore Congress altogether and just use regulatory power to get the agenda crammed through. After all, why let anything get in the way of Utopia? 🙂

By any means Necessary. The end justifies the means.

Many of these nuts are the same ones, by the way, that were made at Obama because he was far left enough for there taste over the last 2 years! Yikes!

Obama’s conclusion: “Getting out of here” — the White House — “is good for me.” On that, at least, he’ll probably get Republican support. (IBD-A Leftist columnist no less).

Political Cartoon by Jerry Holbert

P.s. The San Francisco Liberal Food Police Strike again:

On Tuesday, San Francisco became the first major U.S. city to pass a law requiring restaurant kids’ meals to meet certain nutritional standards before they can be sold with toys. For example, the new law forces fast-food chains like McDonald’s to make their children’s meals healthier or stop selling them with toys.

According to the San Francisco Chronicle, if the ordinance passes its final vote next week, it will go into effect in December 2011. Beginning in 2011, restaurants will only be able to give toys away with kids’ meals if the meal contains less than 600 calories, has less than 640 milligrams of sodium and less than 35 percent of the calories are derived from fat (less than 10 percent from saturated fat), except for fat contained in nuts, seeds, eggs or low-fat cheese.

In beverages, less than 35 percent of the total calories can come from fat, and less than 10 percent from added sweeteners. In addition, the meals must contain a half-cup or more of fruit and three-quarters of a cup or more of vegetables. A breakfast meal must contain at least a half-cup of fruit or vegetables.

Backers of the ordinance say it aims to promote healthy eating habits while combating childhood obesity. Also, activists who support the measure said they hope efforts like this would curb childhood obesity, perhaps starting a trend that would spread to other cities, states and the country.

“It’s not a ban; it’s an incentive. We’re part of a movement that is moving forward an agenda of food justice,” said Supervisor Eric Mar, who sponsored the measure. “Our children are sick. Rates of obesity in San Francisco are disturbingly high, especially among children of color,” added Mar.

But fear not:

Scott Rodrick, an owner and operator of 10 McDonald’s restaurants in the city, said, “There will be sales loss, there may be jobs impacted, and I know the city of San Francisco will lose tax income to people wanting a McDonald’s experience without government intervention.”

According to Rodrick anyone could circumvent the law easily. Someone doesn’t have to travel very far — a mile outside San Francisco — to get the traditional McDonald’s Happy Meals experience. (Until the liberal cancer spreads that is).

First it was Salt. Then it was fat. Now it’s Kid’s Meals….You’re Next Fatso!

The Liberal Food Police are coming for you, Barbara! 🙂

Political Cartoon by Lisa Benson

The 19th Hole

March 2009: The Obama administration maintains that the American Recovery and Reinvestment Act will create or save 3.5 million jobs overall by the end of next year.

Now: The jobless rate has been at or above 9.5 percent for a year and two months, the longest stretch since the Great Depression. The “underemployment” rate adds part-time workers who would rather work full time and jobless people who aren’t actively seeking work. It now exceeds 17 percent.(AP)

But don’t worry, It’s all the Republicans and Bush’s Fault!! 🙂

Or just have the media lie: The unemployment rate was unchanged at 9.6 percent during the month as the economy lost 95,000 jobs, due mainly to government layoffs. The private sector added 64,000 jobs, a point the president and his aides emphasized repeatedly this morning.”We’ve now seen nine straight months of private sector job growth,” Obama said after touring a small brick and masonry company in Bladensburg, MD. (NBC)

The 95,000 people who lost jobs this month are not in the Media’s equation. The unemployment rate, which many are now suspecting may be manipulated by the Administration was unchanged. Yet, the Ministry of Truth put the positive spin on it anyhow. Sure 95,000 lost there jobs but look at this nice shiny object over here….

So where is the President?
President Obama hit the golf course Saturday for what, by CBS News’ Mark Knoller’s calculation, was his 52nd such outing since taking office.

That’s 2-3 rounds per month average.
As I have said before, he doesn’t want to fix the mess, he wants to just mutate it into his own socialist “utopia” of “fairness”.

That was the “change” in “Hope and Change”.
The hope was, that like a high-risk invasive  radical surgery, that you’d survive it.
So you could be further exploited, after wards.

And when he’s not golfing, he’s campaigning like it’s 2008!

“He has a spectacular God given gift of communication,” says Democratic strategist Paul Begala, a former aide to Bill Clinton. “I just want him to use it to communicate to the American people what Republicans stand for.”
Not what Democrats stand for, mind you. Virtually no Democrat is running on that.

The day after his speech in Madison, where he had roused the crowd by saying, “I am telling you, Wisconsin, we are bringing about change, and progress is going to come,” Obama had a decidedly more difficult time convincing voters in a suburban Des Moines backyard that things were getting better.

When Mary Stier, mother of a 24-year-old college graduate who campaigned enthusiastically for Obama, told the president her son and his friends were struggling to find work and “losing their hope,” Obama launched into an explanation of the historic scope of the Great Recession. Then he listed his administration’s accomplishments, in health care, reforming student loans and the economy.

When he was finished, there was silence. Scanning the crowd, the president moved on to the next question.(Politico)

Obviously, these low life Neandertal were too awed by his magnificence to applaud or faint in his presence. So he moved on.

Just in case anyone mistakenly believes Obama has heard (or gives a rip about) the loud voice of the American people rejecting his socialism, appeasement, unconstitutional abuses of power and unpresidential combativeness and divisiveness, let me share a few tidbits.

–After House Minority Leader John Boehner, R-Ohio, issued a damning critique of Obama’s economic policies, the administration’s economic philosopher Joe Biden issued a rebuttal, assuring us it was their predecessor who got us into this mess. That’s novel.

–Obama renewed his war on Fox News, saying it is a “destructive” force in American society, while the White House lauded MSNBC’s Keith Olbermann and Rachel Maddow as providing “an invaluable service” to America.

–Rep. Paul Ryan reports that Obama’s latest “fiscal year ends in fiscal failure.” Congress broke for recess, “prioritizing election over stopping looming tax hikes.” It failed to complete any of the 12 annual appropriations bills, pass a budget resolution and stop the tax increases.

–The White House produced a bizarre tax video series, with the first one claiming that “objective economists” all agree that raising taxes in this bad economy would be good for the economy. Surreal.

–On a conference call, Obama and top administration officials beseeched thousands of faith-based and community organizations to “get out there and spread the word” in favor of Obamacare. You’ve gotta love the left’s consistency on church-state separation.

–In Rolling Stone magazine, Obama berated members of his base for their lethargy and “sitting on their hands complaining.” One leftist remarked, “I’ve never seen a politician run an election with the message ‘Don’t be stupid, quit your bitching and vote for me.'”

–When a coalition of health care groups recently urged Congress to withhold money from the Centers for Medicare and Medicaid Services under Obamacare, we were painfully reminded of Obama’s corrupt recess appointment of Dr. Donald Berwick to head the centers. The health care groups are trying to pressure Berwick to answer basic questions about his health policy views. Berwick has advocated rationing and insists that health care funding must be used as a vehicle to redistribute wealth. Obama appointed Berwick not unaware of these ideas, but because of them.

–Obama agreed to donate $100 billion to the United Nations. Andrea Lafferty of The Traditional Values Coalition wrote, “The U.S. taxpayer is forced to pay billions to an inefficient organization run by world leaders who hate America and the free market system.” Just so.

–Obama’s venerable partner, Vice President Joe Biden, said, “If I hear one more Republican tell me about balancing the budget, I am going to strangle them.” Yes, how dare Republicans voice the outrage of the people over the bankrupting of our children! And they talked about Cheney.

–Obama, the man who promised he would bring us together, fired yet another class warfare missile into the political mix, shifting his traditional argument against the Bush tax cuts from budget concerns to the “income gap.” In other words, the rich make too much and we ought to use the tax code to punish them. This is the same philosophy he espoused to Charlie Gibson when he admitted he favors increases in capital gains tax rates even though such increases reduce revenues — “as a matter of fairness,” i.e., punishing the rich even if it hurts everyone else.

–Obama’s Environmental Protection Agency admits its new greenhouse gas regulations could very well “slow construction nationwide for years.” For what? We know these green policies won’t appreciably reduce global temperature over the next century.

–With the disastrous consequences of Obamacare already unfolding before our eyes, Obama has already granted 30 exemptions and waivers to insurers, employers and union plans. If you were king, wouldn’t you?

–Rasmussen Reports reveals that just 36 percent of voters believe race relations between blacks and whites are improving — down from 62 percent in July 2009.

–Democratic Rep. James Clyburn says, “Next year, we may even get the public option.” Swell.

–Under Obama, the number of people receiving food stamps is at an all-time high: 41.8 million people, compared with 32 million when Obama began.

–The world apologist in chief apologized for experiments that infected Guatemalans with STDs more than 60 years ago.

–At a time when we need to encourage energy production, Obama’s Interior Department is poised to begin a major review of the process of approving offshore drilling without advance detailed environmental studies.

–BP spill investigators say the Obama administration was either lying or incompetent.

–Oh, yes, and don’t forget that Obama expects us to believe that $50 billion more in stimulus money would “jump-start” the economy, when $868 billion hasn’t. (David Limbaugh)

So it’s fool me one, same on you. Fool me twice,shame one me! 🙂

News of The Day

Quote of the Century: “It is the biggest bang for the buck when you do food stamps and unemployment insurance. The biggest bang for the buck,–Speaker Pelosi.

“It is an unassailable fact that in June, more food stamps were distributed by the government than ever before in American history. (It turns out that Barack Obama’s idea of spreading the wealth around was spreading more food stamps around.),” wrote Newt Gingrich.

It should also be noted that the Democrats were in power in Congress before President Obama got to the White House. So “the mess” that he constantly reminds us he “inherited” includes runaway spending by Congressional Democrats, of whom Senator Barack Obama was one of the more prominent big spenders. (Thomas Sowell)

The score so far: nearly 8 million jobs lost since the recession began in December 2007, more than 3 million since Obama took office in January 2009, and 350,000 since the “recovery” began that June.

But that’s Bush’s Fault, you know… 🙂

Government meddling — marked by a money-losing $700 billion TARP plan, a failed $862 billion “stimulus,” a job-killing health care overhaul, a burdensome and unneeded reform of the financial system, and the largest tax hike in U.S. history looming on Jan. 1 — is the cause of this (job) growth deficit.

Is that Bush’s Fault or the Republicans too? 🙂

Political Cartoon by Jerry Holbert
Michael Ramirez Cartoon

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FAKE TEA PARTY CANDIDATE

A New Jersey Republican congressional candidate criticized his Democratic opponent Friday amid mounting evidence that Democratic officials planted a tea party candidate in the race to siphon off conservative votes.

“My opponent, John Adler, represents everything that is wrong with politics in our country today,” Republican Jon Runyan said. “I would ask for an apology. But frankly, an apology from someone like Congressman Adler would be so meaningless that it’s not worth seeking.”

He spoke at a news conference as Adler, a first-term Democratic lawmaker, and his campaign remained mum about a report in the Courier-Post of Cherry Hill in which Democratic operatives speaking on the condition of anonymity confirmed what Republicans have believed for months: That tea-party candidate Peter DeStefano was put on the ballot by Democrats.

What have I been saying for over a year: Democrats believe in “the end justifies the means” so nothing is unethical, dishonest, or out of bounds. NOTHING.

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In an election year, this is the time for an “October surprise”– some sensational, and usually irrelevant, revelation to distract the voters from serious issues. This year, there are October surprises from coast to coast. There are a lot of incumbents who don’t want to discuss serious issues– especially their own track records.

This year’s October surprise that is getting the biggest play in the media is the revelation that California gubernatorial candidate Meg Whitman once employed a housekeeper– at $23 an hour — who turned out to be an illegal immigrant. It is great political theater, with activist lawyer Gloria Allred putting her arm protectively around the unhappy-looking woman.

But why anyone should be unhappy at getting $23 an hour for housekeeping is by no means clear. Maybe she is unhappy because Meg Whitman fired her when she learned that her housekeeper was an illegal immigrant, despite false documents that indicated she was legal when she was hired.

What is Meg Whitman supposed to be guilty of? Not being able to tell false documents from real ones? Is that what voters are supposed to use to determine who to vote for as governor of California? A far more important question is whether voters can tell false issues from real ones. (Thomas Sowell)

But when the shoes is on the other foot, blow it off:

In a private conversation inadvertently captured by voicemail, Democratic gubernatorial nominee Jerry Brown or one of his associates can be heard referring to his Republican opponent Meg Whitman as a “whore,” saying she cut a deal protecting law enforcement pensions while the two candidates competed for police endorsements.

The comment came after Brown called the Los Angeles Police Protective League in early September to ask for its endorsement. He left a voicemail asking Scott Rate, a union official, to call him, then apparently believed he had hung up the phone. The voicemail captured the ensuing conversation between Brown and his aides. (LA Times)

If everyone who made silly remarks when they were teenagers were prevented from being elected, at least half the elective offices in the country would be vacant. And since when is earning a high income in private industry a disqualification for holding public office?

The Obama administration has fewer people with real world experience in the private sector than any other administration in years. Maybe if they had more people with practical experience in the economy, we wouldn’t be in the mess that politicians created.

The big question for the election next month is whether the voters keep their eye on the ball and judge candidates by what policies they advocate or whether they can be thrown off the track by red herrings.

We have already seen in 2008 what can happen when voters fail to pay attention to a presidential candidate’s track record, and let themselves be dazzled by rhetoric, symbolism and media hype. We are losing not only our jobs but our country– and this could be our last chance to stop the Obama-Pelosi-Reid juggernaut. (Thomas Sowell)

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Political Cartoon by Chuck Asay
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David Vitter Campaign Ad:

Now here’s a group of smiling white folks with a big fat check made out to “all illegal aliens.”

Vitter check.jpg

Timothy Geithner’s signature is a nice touch.
A Truth in Satire. One of my favorite things 🙂
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Homeland Security Secretary Janet Napolitano told Bill O’Reilly last night that the federal government hasn’t made a decision about whether to investigate if the maid of GOP gubernatorial candidate Meg Whitman lied on her employment forms.
“I think obviously this is ultimately a matter for California voters to decide,” Napolitano said on O’Reilly’s show.
So much for going after criminal illegal aliens… And when it was an Arizona issue and voters did decide, her boss sued them.
“I can tell you that our efforts over the past 19 months have resulted in more people being deported who have used bogus social security numbers who have criminal records who have committed crimes than in any other period in our nation’s history,” Napolitano said.
Just not this admitted criminal who stole a social security card, committed fraud and lied under oath.
She’s special. She’s the Democrats Pet Illegal. They drag her out to cry on cue and perform tricks for the media and if they hug, her and kiss her and make all you feel bad for her plight that’s  all good.
Disagree, you’re a racist. 🙂
And That’s the News. Good Night, Sleep tight, and don’t let the IRS bedbugs bite…

The Peasants are Revolting!

Speaker Nancy Pelosi 2/4/09: “Every month that we do not have an economic recovery package 500 million Americans lose their jobs.”

9/3/10: Obama said a recovery is taking place, but not at the speed he’d hope. “That’s why we need to take 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,” Obama said Friday. “In the weeks ahead, I’ll be discussing some of these ideas in more detail.”

Doesn’t the anticipation of more Keynesian economics just make you twitch with excitement? 😦

This is not “better than expected”; it’s worse than expected. This can be gauged not by market expectations for modest job creation, but by long-term experience watching how jobs are created in a normal recovery. By that gauge, we’re in the worst jobs slump since World War II.

Even the normally bland Surveys of Consumers, put out by Thomson Reuters and the University of Michigan, warned Friday that “the probability of a double dip (recession) is high enough for everyone to include such an event in their contingency plans.”

Job data can be misleading. Gallup’s biweekly measure of “underemployment” — the share of workers who are either unemployed or working part-time but want to work full-time — stood at 18.6% in late August, the highest level since June.

“Worse yet,” said Gallup, “(our) job data show that 28% of Americans 18 to 29, 24% of those with no college education, and 22% of women, were underemployed in August.”

For those who have no job but want one, it may be a long wait.

In 2009, President Obama vowed to create 3.5 million jobs, lifting the total by the end of this year to 137.8 million. The actual number as of August was 130.3 million — leaving, as Heritage Foundation economist J.D. Foster puts it, a “jobs deficit” of 7.5 million.

Put differently, at August’s pace of private-sector job creation — 68,000 a month — it would take more than nine years for Obama to reach his goal. And that assumes that there’s no growth in the work force at all.

If it wasn’t clear to everyone by now, it should be: All the actions this government has taken — the $700 billion TARP program, the $862 billion “stimulus,” the health care takeover, financial reform — haven’t “saved or created” 3.8 million jobs, as claimed. Instead, they’ve destroyed millions of jobs — and with them, the hopes and dreams of those who’ve lost the jobs.

But the administration remains clueless, hinting that it may seek another “stimulus” costing billions. This bunch is either willfully doing damage to the U.S. economy, or completely incompetent.

On Friday, the president actually patted himself on the back, saying the employment report was “positive news” that “reflects the steps we’ve already taken to break the back of this recession.”

If there’s one thing that marks this administration as different from others, it’s the steadfast refusal to remove its ideological blinders and learn from its mistakes.

The Democrats’ politicized housing and mortgage policies pushed our economy into its worst downturn since the Great Depression. So, of course, it’s a perfect time for the biggest tax increase in history.

Why is the economy still paralyzed after the president’s much-touted “Recovery Summer”? It may be that private investment, too, has been immobilized.

With unemployment now up to 9.6%, Americans fear that the economy won’t get moving again anytime soon. As a new report from Americans for Tax Reform shows, that fear is completely rational. The report outlines the impact of the largest-ever tax hike that’s coming in just 120 days as the Bush tax cuts expire.

On New Year’s Day, “The top income tax rate will rise from 35% to 39.6% (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10% to 15%. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.”

Of crucial importance to entrepreneurship and job creation, the top capital gains tax rate rises from 15% to 20% next year, while the top rate for taxation of dividends rises from 15% to 39.6%.

And, “These rates will rise another 3.8% in 2013,” ATR points out.

Then there are the 20 new or increased taxes dictated by the ObamaCare government takeover of the health care system. All told, Americans’ taxes will go up by $3.1 trillion, as Heartland Institute economist John Nothdurft noted in IBD last week.

With all that on the horizon for an already-crippled U.S. economy, the Obama administration has saturated the Internet with WhiteHouse.gov propaganda — like an interactive map in which you can “Roll over states to learn how many estimated jobs have been created and saved due to Recovery Act funding.”

Maybe playing with that map of fictional jobs on their computer can give unemployed breadwinners something to do.

The U.S. Chamber of Commerce in July sent an open letter to the president, Congress and the American people, warning: “Through their legislative and regulatory proposals — some passed, some pending, and others simply talked about — the congressional majority and the administration have injected tremendous uncertainty into economic decision making and business planning.”

“This is why banks are reluctant to lend and why American corporations are sitting on well over a trillion dollars,” the Chamber wrote. “It is why America’s small businesses and entrepreneurs, the engines of innovation and job creation, are starving for capital and are either struggling to survive or unable to expand.”

Amid all this, the president is reportedly mulling “emergency” infrastructure spending — another stimulus to throw tens of billions more in good taxpayer money after bad. (IBD)

Though the Democrats won’t call it a “stimulus” anymore. That word is persona non-grata. It’s now a “jobs bill” And how could you be against that? 🙂

But in reality, the Democrats are going into a siege mentality. The villagers are coming for them with pitchforks so they are shoring up their defenses.

It’s not like they can admit to being wrong. After all, they are the morally and intellectually superior Masters of all that they survey.

Eugene Robinson, Mega-Lefist: According to polls, Americans are in a mood to hold their breath until they turn blue. Voters appear to be so fed up with the Democrats that they’re ready to toss them out in favor of the Republicans — for whom, according to those same polls (by Liberals no doubt) , the nation has even greater contempt. This isn’t an “electoral wave,” it’s a temper tantrum.

Maybe the american people just need a time out in the corner to think about how badly they have been treating their Intellectual Superiors. 🙂

But at this point, it’s impossible to ignore the obvious: The American people are acting like a bunch of spoiled brats. (IBD)

It’s just a bunch of ignorant peasants wanting to storm the gates of their castle, after all.

To hold the line against Republicans, the House speaker, Nancy Pelosi, issued an urgent plea for members in safe districts to help their endangered colleagues by contributing money. She called out to Democrats who were delinquent on paying their party dues and instructed members with no re-election worries to tap into a combined $218 million from their campaign accounts to help save their majority.

“We need to know your commitment,” Pelosi wrote to lawmakers last week in a private letter, demanding that they call her within 72 hours to explain how they plan to help.

She added, “The day after the election, we do not want to have any regrets.”

They are circling the wagons. The hostile natives are after them and they have fight them off.

They have the liberal media to use as their ammunition.

So expect an all out nuclear war.

The following headline appeared at Time.com shortly after the release of Friday’s jobs report:

What’s Good About Rising Unemployment

What should jump out at the eagle-eyed reader is that headline didn’t end with a question mark.

Time senior writer Stephen Gandel was actually making the case that the rising unemployment rate was good news.

He also argues a fallacy: What economists know very well, but most of the rest of us do not is that the unemployment rate never hits 0%. It never even gets close.

So why are you worried now?  It’s not like we can solve the problem, so just be patient, you’re an ignoramus for being so short-sighted. 🙂

Watch just how far a liberal media member is willing to go today to make economic data look favorable for the Party currently in power, and imagine the unlikelihood of such a thing happening if a Republican was in the White House.(Newbusters)

You mean like, the uptick in unemployment is good because more people are LOOKING for work instead of sitting on their asses waiting for their Mama Government to take care of them?

Orwell would be proud of you my sons.

Not that they will find them. That doesn’t really matter in the end. Just the perception.

The Hope.

And Change. 🙂

And it won’t stop there. Many Democrats are running as “moderates” and “against Washington” and all I have to say to that is, stay tuned to see if voters remember and apply this old adage come Election Day: “Fool me once, shame on you; fool me twice, shame on me.”
So don’t be fooled.
And if the Republicans don’t get it, the same applies.
Period.
Cynthia Tucker (AJC): Our long, hot summer needed another ingredient to induce a fever-like madness in the national psyche: demographic change. Over the last year and a half, many Americans have begun to see a deeper message in President Obama’s inauguration — the end of the white majority. For some,  especially those who are middle-aged and older, it’s a jarring and unwelcome message.
Then she goes on to say she’s not calling you a racist…sort of. 🙂

While some prognosticators were naïve enough to believe that Obama’s election signaled the beginning of a post-racial era, it prompted something altogether different: a backlash against the browning of America. The winds of resentment would have blown in even if the economy were booming, but an anemic recovery provided the perfect fuel for a summer of discontent.

Timing is everything. Just as many Americans came to understand that the nation they knew was undergoing a dramatic demographic change, the economy collapsed. Unable to account for the disappearance of jobs and financial security, they linked those developments as cause and effect. The backlash is now at gale force.

So we’ve seen a summer of fury over illegal immigration, despite the fact that illegal border-crossings have plunged in the last two or three years, according to a new study by the Pew Hispanic Center. Islamophobia spiked as conservatives made a case against a proposed Islamic center two blocks from Ground Zero, claiming that it would represent a victory for jihadists. It didn’t seem to matter that the imam proposing the center has publicly denounced jihadists.

Just not terrorists, Iran, or Sharia Law. Nothing too big to fail. 🙂

So in the coming months as the Democrats turn up the spin to the point where the Earth should stop rotating because it, just keep it in mind this science fact:

If you raise the middle while trying to crush the top you squash the middle. 🙂

Trust Me

When a man assumes a public trust he should consider himself a public property. –Thomas Jefferson

Trust, but verify. –Ronald Reagan

If the people cannot trust their government to do the job for which it exists – to protect them and to promote their common welfare – all else is lost. –Senator Barack Obama August 2006

25% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as president. Forty-two percent (42%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -17. (Rasmussen)

For the past year, those giving Congress good or excellent marks have remained in the narrow range of nine percent (9%) to 16%, while 53% to 71% have rated its performance as poor. (Rasmussen)

Guess when the 71% was. Health Care “deem and pass” cram down talk in February. Right before they did cram it down your throat! 🙂

30% of Likely Voters say the country is heading in the right direction, according to a new Rasmussen Reports national telephone survey taken the week ending Sunday, August 8.

Confidence in the nation’s current course has ranged from 27% to 35% since last July.

Pew Research Center:

Distrust

Thomas SowellDemocracy: It’s an awful thing in a country when its people no longer believe the government protects them and their rights. Yet, a new poll shows that’s exactly where Americans are headed right now.

In a Rasmussen poll of 1,000 adults taken last Friday and Saturday, nearly half, or 48%, said they see government today as a threat to their rights. Just 37% disagreed. The poll also found that only one in five (21%) believe current government has the consent of the governed.

In other words, people think much of what our government does today is illegitimate — possibly even illegal.

For a democratic republic such as our own, this is extraordinarily dangerous. The Declaration of Independence and the Constitution were created explicitly to protect Americans’ rights by limiting the scope, reach and power of the federal government.

The Declaration promises “life, liberty and the pursuit of happiness,” and goes on to say that “to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.”

In short, our government was designed to protect our rights — not to serve as an all-embracing nanny state that slowly, silently strips us of our ability to act as free individuals.

Bailouts, TARP, the takeover of the auto industry, nationalization of health care, the micromanagement of Wall Street and the banks, the expected $12 trillion explosion in U.S. publicly held debt over the next decade — all this and more adds up to a feeling of loss of control by the American people over their lives, both public and private, and a diminution of their rights.

The Founding Fathers understood this could happen. “Government is not reason; it is not eloquence,” George Washington presciently warned. “It is force. And force, like fire, is a dangerous servant and a fearful master.”

His generation understood it would be up to us, the citizens, to ensure government wouldn’t trample our rights. That’s what the Constitution was — an agreement to limit government to certain, carefully prescribed duties. And that’s why we vote.

Today, Americans feel their rights are threatened by a government that has grown beyond its constitutional bounds. Once merely a dangerous servant, our federal government is on its way to becoming a fearful master. The only question is, will we let it?

How did we get to the point where many people feel that the America they have known is being replaced by a very different kind of country, with not only different kinds of policies but very different values and ways of governing?

Something of this magnitude does not happen all at once or in just one administration in Washington. What we are seeing is the culmination of many trends in many aspects of American life that go back for years.

Neither the Constitution of the United States nor the institutions set up by that Constitution are enough to ensure the continuance of a free, self-governing nation. When Benjamin Franklin was asked what members of the Constitution Convention were creating, he replied, “A republic, madam, if you can keep it.”

In other words, a Constitutional government does not depend on the Constitution but on us. To the extent that we allow clever people to circumvent the Constitution, while dazzling us with rhetoric, the Constitution will become just a meaningless piece of paper, as our freedoms are stolen from us, much as a pick-pocket would steal our wallet while we are distracted by other things.

It is not just evil people who would dismantle America. Many people who have no desire to destroy our freedoms simply have their own agendas that are singly or collectively incompatible with the survival of freedom.

Someone once said that a democratic society cannot survive for long after 51 percent of the people decide that they want to live off the other 49 percent. Yet that is the direction in which we are being pushed by those who are promoting envy under its more high-toned alias of “social justice.”

Those who construct moral melodramas– starring themselves on the side of the angels against the forces of evil– are ready to disregard the Constitution rights of those they demonize, and to overstep the limits put on the powers of the federal government set by the Constitution.

The outcries of protest in the media, in academia and in politics, when the Supreme Court ruled this year that people in corporations have the same free speech rights as other Americans, are a painful reminder of how vulnerable even the most basic rights are to the attacks of ideological zealots. President Barack Obama said that the Court’s decision “will open the floodgates for special interests”– as if all you have to do to take away people’s free speech rights is call them a special interest.

It is not just particular segments of the population who are under attack. What is more fundamentally under attack are the very principles and values of American society as a whole. The history of this country is taught in many schools and colleges as the history of grievances and victimhood, often with the mantra of “race, class and gender.” Television and the movies often do the same.

When there are not enough current grievances for them, they mine the past for grievances and call it history. Sins and shortcomings common to the human race around the world are spoken of as failures of “our society.” But American achievements get far less attention– and sometimes none at all.

Our “educators,” who cannot educate our children to the level of math or science achieved in most other comparable countries, have time to poison their minds against America.

Why? Partly, if not mostly, it is because that is the vogue. It shows you are “with it” when you reject your own country and exalt other countries.

Abraham Lincoln warned of people whose ambitions can only be fulfilled by dismantling the institutions of this country, because no comparable renown is available to them by supporting those institutions. He said this 25 years before the Gettysburg Address, and he was speaking of political leaders with hubris, whom he regarded as a greater danger than enemy nations. But such hubris is far more widespread today than just among political leaders.

Those with such hubris– in the media and in education, as well as in politics– have for years eroded both respect for the country and the social cohesion of its people. This erosion is what has set the stage for today’s dismantling of America that is now approaching the point of no return.

“To those who claim omnipotence for the Legislature, and who in the plentitude of their assumed powers, are disposed to disregard the Constitution, law, good faith, moral right, and every thing else,” Lincoln declared in an early speech to the Illinois legislature, “I have nothing to say.”

In Lincoln, we have a glimpse of prudence in a liberal democracy; but it is also our best glimpse of it, and perhaps our best hope for understanding and recovering it, and our best hope for the possibility of statesmanship in an age of the partisan absolute, where ignorant armies clash by night. (Heritage.org)

Or on the Internet and the 24/7 News cycle…:)

Trust:
reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence.confident expectation of something; hope.the condition of one to whom something has been entrusted.the obligation or responsibility imposed on a person in whom confidence or authority is placed: a position of trust.charge, custody, or care: to leave valuables in someone’s trust.something committed or entrusted to one’s care for use or safekeeping, as an office, duty, or the like; responsibility; charge.

The new “reach for hope” should be a renewal of trust. But Verify 🙂

The Ship is Sinking, Save the Apparatchiks!

Americans should all print this out and carry it everywhere . . .

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

Council of Economic Advisers chairwoman Christina Romer is best known for drafting the February 2009 report “The Job Impact of the American Recovery and Reinvestment Plan,” which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That’s not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.

Obama is adding to the economic misery by creating an environment of regulatory uncertainty. The Wall Street reform law Obama recently signed potentially requires 533 new regulations, 60 studies and 93 reports, according to the U.S. Chamber of Commerce. Obama’s Environmental Protection Agency has 29 active rulemakings, and there are 100 new rules on the Labor Department’s agenda and 26 at the Transportation Department.

Add Obama’s determination to raise everybody’s taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it’s easy to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven’t even addressed the destructive effect on economic growth of Obama’s nationalization of major portions of the economy, including the banks, health care and the auto industry.

The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it’s time for everybody in this town to admit it so we can move on.

But The Democrats and Liberals can’t and won’t do that. They can’t politically admit the stuff they have waited generations to cram down everyone’s throat is total crap on a stick!

“Recovery summer”? Time for another sobriquet.

So the little buggers went off on their 6 week holiday, BUT, nope they were ordered back by the likes of Speaker Pelosi

because they needed to pass a $26 Billion spending bill to give more money to public sector employees!

More money for their Peeps. The apparatchiks need more money!

On Friday, after release of the jobs report, Labor Secretary Hilda Solis touted the economy’s “turnaround” and credited “strong and immediate action” President Obama took after entering office. The only real problem, she hinted, was Republicans who refuse to support a $26 billion bailout for state and local governments and their pampered unions.

“There is no room for partisan roadblocks when Americans are depending on their government’s action and the stakes are so high,” Solis said. In this White House, economic recovery is always just one massive stimulus or bailout bill away. (IBD)

This would be the Hilda Solis who earlier this year created a PSA advising Illegal aliens to call her if their mean, capitalist boss was exploiting them so she could crack down on their boss!

And naturally, voting against it, is hurting children! 🙂

WASHINGTON — House members are giving up a couple of days reconnecting with folks in their districts this week to pass a jobs bill that Democrats say is crucial to the nation’s well-being.

The unusual in-and-out session was called because the Senate waited until last Thursday, after the House had already recessed for its summer break, to pass a $26 billion bill to prevent tens of thousands of teachers and an equal number of other state and local government workers from being laid off before the November election.

Oh no!  Not that! We can’t have public sector employees (unemployment rate 3%) hurt before the election while the little people have 9.5% (officially) closer to 18% in reality (with those who have given up) are in actual need but not politically necessary enough to care about.

“This legislation is about creating and saving American jobs, and preventing a double-dip recession,” House Speaker Nancy Pelosi said in announcing the special session just hours after the Senate passed the bill that the administration says could save the jobs of nearly 300,000 teachers and other public workers.

“It’s not a gamble,” he said, but “it would be gambling our childrens’ education to have them go back to school and find no teacher in the classroom or a larger class size.”-Rep. Chris Van Hollen, D-Md.

It’s all for the children…:)

Well, you’ve heard it hear first. Everything is now perfect and we’ll all be better off and the recession is officially been sorted by saving 300,000 public sector employees!!

Democrats should be staying home and listening to their constituents “instead of scampering back to Washington to push through more special interest bailouts and job-killing tax hikes,” said House GOP leader John Boehner of Ohio.

Republicans portrayed the special session as the Democrats’ pre-election gift to their labor union allies and objected to provisions to raise taxes on some U.S.-based multinational companies as a way to partially cover the $26 billion cost of the bill.

So raising taxes on evil capitalists to “save” some jobs will save us all.

Utopia is upon us all  🙂

REJOICE!

Bask in the splendor and the wonder that is Obamanomics!

Here’s the real record: America has lost 4.1 million jobs since Obama took office and 7.7 million since the recession began in December 2007. So most of the jobs lost have been under this administration. Whatever else you might call Obamanomics, “successful” isn’t it.

You’d never know that Democrats controlled Congress for Bush’s last two years, or that policies they enacted during their many decades in power — in particular, using Fannie Mae and Freddie Mac to issue trillions of dollars of mortgages to unqualified borrowers — are the root cause of our crisis.

As with most progressives, they believe bigger government is always the solution to our problems…(IBD)

So the Democrats stategy to stave off a political bloodbath is to SPEND EVEN MORE and then Blame Bush for it!

Haven’t we seen re-run before? 😦

Following release of Friday’s government report on unemployment and job creation, consumer and investor confidence has fallen to the lowest level of 2010. Just 21% of Adults nationwide now believe the economy is getting better. That’s down from 30% on Friday morning. The number who believe the economy is getting worse is now up to 54%.

The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, slipped on Monday to 69.7. That’s down nine points since release of Friday’s disappointing jobs report and the lowest level of confidence measured since December 2, 2009. Eight percent (8%) rate the economy as good or excellent while 55% say it’s in poor shape.

Looked at on a month-by-month basis, consumer confidence increased on four of the first five months in 2010 and held steady in the fifth. However, it has fallen in the past two months, June and July.

But don’t worry, everything will be a utopia when these 300,000 government union people are kept off the unemployment line!!

Everything will be great when your taxes go up!  (sorry, “pro-growth revenue”)
or was that the Health Care Mandate that wasn’t tax, it’s a penalty, that’s a tax because of the Commerce Clause.

The Border is more secure now than ever! 🙂

When Social Security is officially broke (and it is).

When Medicare Advantage is slashed and your Health Savings Account is gutted.

When Fannie Mae and Freddie Mac (left out of financial reform) are bailed out YET AGAIN!

When your bosses taxes and regulations go up!

When evil capitalist pigs are crushed under the boot of Big Brother!

When the government runs your Health Care.

When Illegal aliens are granted Amnesty (but we’ll come up with an Orwellian term for it, like “deferred action”).

Rejoice in the grandeur and splendor of Obama, Pelosi, Reid!

OR ELSE! 🙂

The Ideological Deficit

The Democrats have found a new “religion”.

Complain about spending too much, only if it’s against their ideology.

And for no other reason.

Take the “Bush” Tax cuts.

The democrats know that the tax increases from this will hurt the economy badly, but because it’s Bush, they can’t stomach extending them so they play the “deficit” card which is hilarious since they just spent weeks bashing the Republicans for being “mean” and “heartless” because they wanted the unemployment benefits extension paid for instead of adding to the deficit!

In the end, the Democrats just passed it anyhow.

So they can raise the deficit for unemployment benefits (now going over 100 weeks straight with the average being 37) but keeping a tax cut with Satan’s name attached to it is not worth adding to their massive spending.

New estimates from the White House on Friday predict the budget deficit will reach a record $1.47 trillion this year. The government is borrowing 41 cents of every dollar it spends.

That’s taking partisan ideologicial politics to a new low.

The Democrats are effectively saying, if it doesn’t benefit them politically it’s not worth doing.

I also think they want to saddle the Republicans with it.

They know they are going to lose massively in November so what better way to play it than stick your opponent with the mess and then when the 2012 tax season rolls around and people are hit full-on in the face with the 2011 income tax increases you can have “sympathy” for them in the 2012 Presidential election and make it look like it was all the Republicans fault.

Or Bush’s fault.

Now is that too cynical?  I think not.

Fiscal Policy: Many voters are looking forward to 2011, hoping a new Congress will put the country back on the right track. But unless something’s done soon, the new year will also come with a raft of tax hikes — including a return of the death tax — that will be real killers.

Through the end of this year, the federal estate tax rate is zero — thanks to the package of broad-based tax cuts that President Bush pushed through to get the economy going earlier in the decade.

But as of midnight Dec. 31, the death tax returns — at a rate of 55% on estates of $1 million or more. The effect this will have on hospital life-support systems is already a matter of conjecture.

Resurrection of the death tax, however, isn’t the only tax problem that will be ushered in Jan. 1. Many other cuts from the Bush administration are set to disappear and a new set of taxes will materialize. And it’s not just the rich who will pay.

The lowest bracket for the personal income tax, for instance, moves up 50% — to 15% from 10%. The next lowest bracket — 25% — will rise to 28%, and the old 28% bracket will be 31%. At the higher end, the 33% bracket is pushed to 36% and the 35% bracket becomes 39.6%.

Yes, it raises taxes on anyone who pays taxes, Period. Even the “poor”. So I guess he wants  to pander to the 47% who don’t pay taxes, women, and minorities in his apparatchik class and everyone else can just screw themselves…

But the damage doesn’t stop there.

The marriage penalty also makes a comeback, and the capital gains tax will jump 33% — to 20% from 15%. The tax on dividends will go all the way from 15% to 39.6% — a 164% increase.

Both the cap-gains and dividend taxes will go up further in 2013 as the health care reform adds a 3.8% Medicare levy for individuals making more than $200,000 a year and joint filers making more than $250,000. Other tax hikes include: halving the child tax credit to $500 from $1,000 and fixing the standard deduction for couples at the same level as it is for single filers.

Letting the Bush cuts expire will cost taxpayers $115 billion next year alone, according to the Congressional Budget Office, and $2.6 trillion through 2020.

But even more tax headaches lie ahead. This “second wave” of hikes, as Americans for Tax Reform puts it, are designed to pay for ObamaCare and include:

The Medicine Cabinet Tax. Americans, says ATR, “will no longer be able to use health savings account, flexible spending account, or health reimbursement pretax dollars to purchase nonprescription, over-the-counter medicines (except insulin).”

The HSA Withdrawal Tax Hike. “This provision of ObamaCare,” according to ATR, “increases the additional tax on nonmedical early withdrawals from an HSA from 10% to 20%, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10%.”

Brand Name Drug Tax. Makers and importers of brand-name drugs will be liable for a tax of $2.5 billion in 2011. The tax goes to $3 billion a year from 2012 to 2016, then $3.5 billion in 2017 and $4.2 billion in 2018. Beginning in 2019 it falls to $2.8 billion and stays there. And who pays the new drug tax? Patients, in the form of higher prices.

Economic Substance Doctrine. ATR reports that “The IRS is now empowered to disallow perfectly legal tax deductions and maneuvers merely because it judges that the deduction or action lacks ‘economic substance.'”

A third and final (for now) wave, says ATR, consists of the alternative minimum tax’s widening net, tax hikes on employers and the loss of deductions for tuition:

• The Tax Policy Center, no right-wing group, says that the failure to index the AMT will subject 28.5 million families to the tax when they file next year, up from 4 million this year.

• “Small businesses can normally expense (rather than slowly deduct, or ‘depreciate’) equipment purchases up to $250,000,” says ATR. “This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be ‘depreciated.'”

• According to ATR, there are “literally scores of tax hikes on business that will take place,” plus the loss of some tax credits. The research and experimentation tax credit will be the biggest loss, “but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.”

• The deduction for tuition and fees will no longer be available and there will be limits placed on education tax credits. Teachers won’t be able to deduct their classroom expenses and employer-provided educational aid will be restricted. Thousands of families will no longer be allowed to deduct student loan interest.

Then there’s the tax on Americans who decline to buy health care insurance (the tax the administration initially said wasn’t a tax but now argues in court that it is) plus a 3.8% Medicare tax beginning in 2013 on profits made in real estate transactions by wealthier Americans.

Not all Americans may fully realize what’s in store come Jan. 1. But they should have a pretty good idea by the mid-term elections, and members of Congress might take note of our latest IBD/TIPP Poll (summarized above).

Fifty-one percent of respondents favored making the Bush cuts permanent vs. 28% who didn’t. Republicans were more than 4 to 1 and Independents more than 2 to 1 in favor. Only Democrats were opposed, but only by 40%-38%.

The cuts also proved popular among all income groups — despite the Democrats’ oft-heard assertion that Bush merely provided “tax breaks for the wealthy.” Fact is, Bush cut taxes for everyone who paid them, and the cuts helped the nation recover from a recession and the worst stock-market crash since 1929.

Maybe, just maybe, Americans remember that — and will not forget come Nov. 2. (IBD)

And there’s always the Tax that isn’t a Tax because it’s a “penalty” but in court it’s a Tax– The Health Care Mandate. 🙂

After all, known communist and fired “green Jobs czar” Van Jones recently said:

While the federal government sinks deeper into debt than any time since World War II, former White House “green jobs” adviser Anthony Van Jones said it was time to stop worrying about budget deficits and pressure Washington to take more money from American businesses to fund larger social and infrastructure projects.

“This is a rich country. We have plenty of money, and if you don’t believe me, ask Haliburton,” Jones told a group of progressive bloggers and activists at the Netroots Nation (Think Far Left Hatefest) convention Friday. “There’s plenty of money out there; don’t fall into the trap of this whole deficit argument.”

“The only question is how to spend it,” he added.

Speaking of Spending Remember TARP, that bailout that was supposed to save the universe and create jobs?

Well, not so much.

How’s that Troubled Asset Relief Program going? Not so well. A review of TARP found that homeowners aren’t avoiding foreclosure and the decisions to close car dealerships were politically based.

The Home Affordable Modification Program, infused last year with $50 billion in TARP money by the Obama administration, was supposed to help 3 million to 4 million mortgage holders with their problem loans.

But according to a government audit, it has failed to “put an appreciable dent in the foreclosure filings.”

Neil Barofsky, special inspector general for the $787 billion Troubled Asset Relief Program, told Congress on Wednesday that fewer than 400,000 homeowners have had their mortgages permanently modified under the program.

“It’s just not a program that’s working for homeowners,” Elizabeth Warren, chairwoman of a panel charged with overseeing the bailout, also told Congress on Wednesday.

“It’s not a program in some cases that’s working for investors. And most importantly, it’s not a program that’s working for the economy over all.”

Warren, who resides on the other side of the idea spectrum from us, said the problem with the program is “It’s too slow. It’s too small.”

But at least we have $20 Billion dollars in signs touting how great it is (each sign cost $10,000 a piece).

Her position is based on a faulty assumption: that the federal government, which is rife with fraud, waste and corruption, is able to effectively implement even a small program. She is expecting an unwieldy bureaucracy to do something that it cannot — and should not — do.

Another function of TARP, the auto dealership closing program, also took criticism in the review. More than 2,000 dealerships were closed as a cost-cutting measure in Washington’s bailout of Chrysler and General Motors. But the closings weren’t business decisions. They were political.

And they cost jobs.

“Treasury made a series of decisions that may have substantially contributed to the accelerated shuttering of thousands of small businesses and thereby potentially adding tens of thousands of workers to the already lengthy unemployment rolls — all based on a theory and without sufficient consideration of the decisions’ broader economic impact,” said Barofsky’s 45-page report.

According to the audit, the Treasury Department, which administers TARP, simply failed to show how the dealership closings were “either necessary for the sake of the companies’ economic survival or prudent for the sake of the nation’s economic recovery.”

The Barofsky report says some GM “dealerships were retained because they were recently appointed, were key wholesale parts dealers, or were minority- or woman-owned dealerships.”

Further underscoring TARP’s institutional problems is Barofsky’s finding that the government has been throwing taxpayers’ money at the country’s financial system that it wasn’t authorized to spend.

“Indeed, the current outstanding balance of overall federal support for the nation’s financial system has actually increased more than 23% over the past year, from approximately $3 trillion to $3.7 trillion — the equivalent of a fully deployed TARP program,” says the report.

The money has been allocated “largely without congressional action, even as the banking crisis has, by most measures, abated from its most acute phases.” Worse, much of the unauthorized expenditures was doled out to Fannie Mae and Freddie Mac, the quasi-government mortgage institutions that are largely responsible for the 2007-08 financial meltdown.

Fannie and Freddie were explicitly excluded from the “financial reform” package.

It’s no coincidence that TARP has been a big part of one of the ugliest economic eras in American history.

We wouldn’t be surprised if historians one day look back and find that TARP was a significant contributor to the depth and length of the current slump.

Unless you’re a Journo-List Media biased ideological “journalists” or historian that distorts the facts to suit Big Brother’s Ideological Agenda that is. 🙂

Michael Ramirez Cartoon