Monday, December 28, 2009
I wonder what this is going to do to passenger air traffic between the US and elsewhere. And what it's going to do to the airlines' earnings.
Here's what CNNMoney.com is reporting at this writing. All the airlines are down between roughly 2% and 5.4% excepting, interestingly, Northwest.
Thursday, December 24, 2009
I mean, just think about it. He said he didn't want to take over the banking industry and here he is setting salary caps and doing other things that have the banks scrambling to get out from under TARP.
He said he had no interest in running the auto companies, and here we have GM and Chrysler as subsidiaries of the US Treasury.
He said Iraq was the bad war and Afghanistan was the good war, and here we are, with Obama following essentially the Bush plan for Iraq (which I happen to think is a good thing, but that's not the point); and in Afghanistan he announced a strategy back in what, February? He appointed his hand-picked general, an expert in counterinsurgency, and told him to go slay the dragon. Five or six months later the general came back to him and said he needed 40,000 additional troops to carry out the mission. Obama then took 3 months to re-evaluate the mission, and then gave the hand-picked general three quarters of what he asked for, while throwing in a bonus for the enemy by setting a withdrawal "guideline." It's a testimony to Gen. McChrystal's patriotism and professionalism that he didn't resign.
It seems every time Obama says he has no interest in doing something, it turns out that is exactly what he does. So far he hasn't channeled Flip Wilson's "The devil made me do it!" but I'm waiting.
What a concept--Joe Isuzu combined with Flip Wilson. Except I don't think Obama is or will be all that funny.
As for the weasels, just look at the Dems in Congress. Both houses. Especially Ben Nelson and Mary Landrieu. "Whore" is too good a word. The behavior of Harry Reid and his minions is nothing short of shameful. Their arrogance and stupidity in ignoring both their Republican colleagues and the clear desire of the American people in passing their versions of Obamacare is breathtaking. If either version (or some cobbled-together "compromise") gets signed into law, they'll be taking more than breath. Hold on to your wallets. What will be the effect of all the tax increases, on top of the expiration of the Bush tax cuts, on the so-called economic recovery? I'm seeing a double-dip recession, with the second "dip" looking more like a bathtub.
I'm hoping I'm wrong and that the American people and economy will rise like a Phoenix from the ashes of the current recession. If they do, it will happen in spite of the efforts of Obama and his fellow travelers.