Monday, August 08, 2011
Obama, 8 Aug 2011
Last Friday the United States was downgraded by a rating agency for the first time in history. Markets world-wide reacted negatively. This morning, about 20 min. ago, Obama spoke in public for the first time on the event. His reaction: more of the same.
He gave his #@&*! campaign speech! Blame S&P, blame the Repubs and Tea Party, blame Europe, blame tsunamis. He said he'd lay out his plan for recovery "in the coming weeks" and would work with the supercommittee on crafting legislation to deal with the debt. The only ideas he set out with any specificity were to extend the payroll tax holiday, extend unemployment, "invest" in infrastructure. The man hasn't had a new idea since February 2009!
I hate to say it but our President is a useless piece of baggage and is doing more to exacerbate the problem than to solve it. November 2012 can't come soon enough.
Labels: Debt, Deficit, Downgrade, Economy, Europe, Federal budget, Obama, Recession, Recovery, Republicans, Tax policy, Tea Party, Unemployment
Friday, August 05, 2011
Wake Up Call!
The news broke about 15 minutes ago that S&P downgraded US Government debt to AA+ from AAA. This is reportedly the first credit downgrade in US history. If there is any better evidence that Obama's economic policy (if it could be called a "policy") didn't work and isn't working, and if there is any better evidence that our political class doesn't have a clue, I can't imagine what it might be. Congratulations Pres. O, former Speaker Pelosi, Leader Reid, Pres. Bush, and all the Appropriators. Thank you very much. May all of you lose your next election and be permanently barred (pursuant to Sen. Kerry's sage advice, see below) from appearing or speaking on, or being quoted by, or interviewed in, any media whatsoever.
I have a modest proposal for what a modified economic policy should be: GET THE F*@K OUT OF THE WAY!!!!
Labels: Debt, Economics, Economy, Finance, government, Leadership, Obama, politicians, Recession
John Kerry On Media Responsibility
Sen. Kerry (D-MA; What's the matter with those people in Massachusetts?) reportedly said the following on MSNBC (you know, that demented network nobody watches):
And I have to tell you, I say this to you politely. The media in America has a bigger responsibility than it's exercising today. The media has got to begin to not give equal time or equal balance to an absolutely absurd notion just because somebody asserts it or simply because somebody says something which everybody knows is not factual.
It doesn't deserve the same credit as a legitimate idea about what you do. And the problem is everything is put into this tit-for-tat equal battle and America is losing any sense of what's real, of who's accountable, of who is not accountable, of who's real, who isn't, who's serious, who isn't?
Hmmm. The way I interpret that, if the media follow Kerry's advice, we won't be reading, hearing or seeing much of or about Sen. Kerry in the future.
Labels: Kerry, Media inanity, Political correctness
Wednesday, August 03, 2011
The Debt "Deal" II
So, all over the media yesterday and this morning are comments, headlines and assertions that the "Tea Party won", that it "permanently changed the conversation" and that "from now on there'll never be an increase in the debt limit that doesn't involve deficit reduction".
OK, so how come it doesn't feel
like the powers of light won?
How come both Obama and Chuckie Schumer both stated yesterday that now we've put the debt limit fight behind us, we can get back to the business of "investing" in new infrastructure, training, education, etc. ad nauseam
. Doesn't sound like the conversation changed much to me.
Labels: Debt, Deficit, Democrats, Federal budget, government, Obama, Tea Party
Monday, August 01, 2011
The Debt "Deal"
A friend of mine used to say, "When someone's getting a "deal", someone's getting dealt." As has become habitual during the Obama regime, big, consequential legislation is being promoted without anyone really knowing what's in it. How has Obamacare worked out so far, hmmmm? Like Ann Althouse
, I am not at all sure that the "deal" is as great for the conservatives (i.e., the forces of light) as the NYT, WaPo, Harry Reid, Sheila Jackson Lee and others of their persuasion (i.e., the forces of darkness) say it is--particularly in light of this item
on Fox News Online.
I'm getting a baaaad feeling about this.
Labels: Congress, Debt, Deficit, government, politics, Taxes