Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Monday, July 20, 2009

A trillion here, a trillion there........

A trillion here, a trillion there........pretty soon it starts to add up to real money. JC

Bobby Jindal speaks.
In an Ideas piece, Bobby Jindal says Washington is trying to tax and spend our way back to prosperity. Photo: AP
POLITICO 44

Things in Louisiana are looking up. We are announcing major economic development wins and private capital investment and reducing government spending in order to live within our means. We just completed a grueling legislative session where we all had to work together, Democrats and Republicans, to find a way to do more with less.

We trimmed government spending, protected vital services and refused to raise taxes. (As is the case in any legislative body, some gave it a try). I can’t say our legislative session was much fun, but it was necessary, and it is the American way. Or, at least we thought it was.

In the meantime, I’ve been catching up on the news in Washington. I wish I had not.

Let’s review: the Troubled Asset Relief Program, bailouts for American International Group

and others, CEOs of bankrupt businesses that receive billions of tax dollars running off with millions in bonuses, a $ 3.5 trillion budget, a nearly trillion-dollar stimulus that has not stimulated, unemployment continuing to climb, government in the banking business, and of course, the U.S. government now making cars.

We have record deficits, which are unprecedented in recorded world history. We have debt that is even causing our creditors in the Middle East and China to be worried. Oops, I almost forgot the new national energy tax that just passed the House. If it isn’t bad enough that you may have lost your job and been fighting off foreclosure, the government now wants to make sure you, and every other American, pay more in energy costs so former Vice President Al Gore can be happy. This here is a fine pot of gumbo.




© Janet Crain

Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Monday, June 1, 2009

To See Ourselves as Others See Us.............

Hat Tip: Tamara


American capitalism gone with a whimper

It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people. True, the situation has been well prepared on and off for the past century, especially the past twenty years. The initial testing grounds was conducted upon our Holy Russia and a bloody test it was.

But we Russians would not just roll over and give up our freedoms and our souls, no matter how much money Wall Street poured into the fists of the Marxists. Those lessons were taken and used to properly prepare the American populace for the surrender of their freedoms and souls, to the whims of their elites and betters. First, the population was dumbed down through a politicized and substandard education system based on pop culture, rather then the classics. Americans know more about their favorite TV dramas then the drama in DC that directly affects their lives. They care more for their "right" to choke down a McDonalds burger or a BurgerKing burger than for their constitutional rights. Then they turn around and lecture us about our rights and about our "democracy". Pride blind the foolish.

Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses and their televangelists and top protestant mega preachers were more then happy to sell out their souls and flocks to be on the "winning" side of one pseudo Marxist politician or another. Their flocks may complain, but when explained that they would be on the "winning" side, their flocks were ever so quick to reject Christ in hopes for earthly power. Even our Holy Orthodox churches are scandalously liberalized in America.

The final collapse has come with the election of Barack Obama. His speed in the past three months has been truly impressive. His spending and money printing has been a record setting, not just in America's short history but in the world. If this keeps up for more then another year, and there is no sign that it will not, America at best will resemble the Wiemar Republic and at worst Zimbabwe.

http://english.pravda.ru/opinion/columnists/107459-0/

© Janet Crain

Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Friday, May 1, 2009

The Obama Deception by Alex Jones

Hat Tip: Don

Hip-hopper Professor Griff of Public Enemy asks, “Where did we get this sense that just because we have a black man as President everything is going to be OK…everything is NOT going to be OK.”



http://www.youtube.com/watch?v=eAaQNACwaLw



http://www.infowars.com/review-the-obama-deception-by-alex-jones/


Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Friday, March 27, 2009

NEW ERA OF SPEND & BLAME

by Charles Hurt
"If you and a buddy are walking through the woods and encounter a hungry, angry bear, you don't have to outrun the bear. You simply have to outrun your buddy."

Last updated: 3:37 am
March 27, 2009
Posted: 2:40 am
March 27, 2009

FOR a guy who talks so much about wanting a new era of re sponsibility, President Obama spends an awful lot of time blaming Republicans for all the wild and reckless spending he crammed into his own budget.

After running a campaign against the $1 trillion deficit he "inherited" from President Bush and the Republicans, Obama quickly matched it. During his first 50 days in office, he and his Democratic-controlled Congress spent $1 billion an hour.

Under Obama's proposed budget, the overall national debt doubles in five years and triples in 10.

Not exactly "moving from an era of borrow and spend to one where we save and invest," as he promised.

How does Mr. Responsibility explain the disconnect between this reality and his absurd claims? By insisting that Republicans were worse.

http://www.nypost.com/seven/03272009/news/columnists/new_era_of_spend__blame_161557.htm



© Janet Crain

Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Tuesday, March 10, 2009

Obama Budget More Pie in the Sky Than Chicken in Every Pot

by Janet Crain
There is entirely too much speculating and extrapolating and counting chickens before they hatch to make this budget work. And now Obama's chickens are coming home to roost as his Democratic Barons are expressing these cold hard facts. You can discuss these lofty ideas in academia until the cows come home, but whether they will work in the real world is the question. You simply cannot buy, buy, spend, spend now based on money you expect and hope will materialize in the future. Of course many did. That is what got us in this mess.

Obama’s Budget Faces Test Among Party Barons

Published: March 9, 2009

WASHINGTON — What the Democratic barons of Congress liked best about President Obama’s audacious budget was his invitation to fill in the details. They have started by erasing some of his.

The apparent first casualty is a big one: a proposal to limit tax deductions for the wealthiest 1.2 percent of taxpayers. Mr. Obama says the plan would produce $318 billion over the next decade as a down payment for overhauling health care.

But the chairmen of the House and Senate tax-writing committees, Senator Max Baucus of Montana and Representative Charles B. Rangel of New York, have objected to the proposal, citing a potential drop in tax-deductible gifts to charities.

Billions in savings from cutting government subsidies to big farmers and agribusinesses? No dice, said Senator Kent Conrad of North Dakota, who heads the Senate Budget Committee.

Mr. Conrad also panned the limit on tax deductions. And his criticisms of those savings proposals aside, Mr. Conrad said Mr. Obama’s 10-year plan would not do enough to reduce future debt.

Shrink spending on Medicare, Medicaid and Social Security? Representative John M. Spratt Jr. of South Carolina, chairman of the House Budget Committee, suggested Mr. Obama’s proposals did not go far enough.

Cap industries’ emissions of the gases blamed for climate change? Representative Henry A. Waxman of California, who leads the House Energy and Commerce Committee, will have to contend with dissent on a panel with Democrats from coal and manufacturing states.

“The legislative process requires compromise and being open to different alternatives,” Mr. Waxman said.

http://www.nytimes.com/2009/03/10/us/politics/10chairmen.html?_r=1&ref=todayspaper



© Janet Crain

Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Friday, February 20, 2009

Who Wants to Pay Off Your Neighbor's Mortgage? Raise Your Hand!!!




"The government is promoting bad behavior," Santelli said of President Obama's $75 billion initiative to refinance mortgages."I have an idea," he said on the Chicago Mercantile Exchange floor."How about this, new President and new administration, why don't you put up a Web site to have people vote on the Internet ... to see if we really want to subsidize the losers' mortgages."Or would we like to at least buy cars and buy houses in foreclosure and give them to people who might have a chance to actually prosper down the road... reward people who could carry the water instead of drink the water."Santelli then turned to the traders."How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills?" he asked as boos filled the air."President Obama," Santelli continued. "Are you listening?""We're thinking of having a Chicago Tea Party in July," Santelli said.Santelli told the Daily News only a handful of the 700 e-mails he got were negative.About the tea party: "I was half-serious, but given the response, I think something is going to have to be done in a very serious way."
http://www.nydailynews.com/money/2009/02/19/2009-02-19_the_case_against_the_mortgage_bailout_we.html

Hat Tip: Chickaboomer

NYT editorial blames Bush but fails to mention how Bill Clinton started this mess in the mid-90s by relaxing loan criteria. Let's also finger former Fed Chairman Alan Greenspan...

"The anti-foreclosure plan announced by President Obama on Wednesday is a decisive break from the Bush administration’s disastrous protect-the-banks-but-not-the-homeowners policy. The president has promised that it will help as many as nine million American families refinance their mortgages or avoid foreclosure. That’s a good start, but given the dire state of the economy, we fear it still may not be enough. For two years, while house prices cratered and mortgage defaults soared, the Bush administration stubbornly refused to compel the mortgage industry to clean up the bad loans that had been made so recklessly; it even refused to give banks any incentives to do so. Some two million families lost their homes to foreclosure."

Monday, February 16, 2009

A quote from the late Dr. Adrian Pierce Rogers

A quote from the late Dr. Adrian Pierce Rogers , 1931 to 2005 ~~~

"You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it."



© Janet Crain

Click here to view all recent Sarah Palin in 2012 posts

Bookmark and Share

Wednesday, February 11, 2009

Hope and Change has morphed into Gloom and Doom


Hope and Change has morphed into Gloom and Doom and Obama is the chief purveyor of pessimism. JC

In Elkhart, Ind., on Monday, President Obama spoke as if America were approaching a doomsday that only a massive increase in government could avert.

"The situation we face could not be more serious," he said. "We have inherited an economic crisis as deep and as dire as any since the Great Depression. Economists from across the spectrum have warned that if we don't act immediately, millions more jobs will be lost, and national unemployment rates will approach double digits. More people will lose their homes and their health care. And our nation will sink into a crisis that, at some point, we may be unable to reverse."

Do we really face the possibility of an irreversible crisis? Well, yes. Not the one Obama describes, but the one he may cause.

In fact, talking down the economy serves Obama's purposes. It helps sell his agenda for massively increasing government.

And it could be a self-fulfilling prophecy: America's economy has grown in the past because the American people have not been overburdened by government. Obama could cause irreversible decline by creating an unsustainable government.

Cont. here:

http://townhall.com/columnists/TerenceJeffrey/2009/02/11/obamas_doomsday_scenario_doesnt_add_up

© Janet Crain Click here to view all recent Sarah Palin in 2012 posts Bookmark and Share

Friday, November 21, 2008

Obama: Don't expect much anytime soon....

Nov 21, 2008 5:39 am US/Central

Obama Advisers To Public: Temper Expectations

CHICAGO (CBS) ― President-elect Barack Obama and his inner circle fear that some voters expect him to turn around the economy, wind down the war in Iraq and, perhaps, cure cancer -- all by the Fourth of July.

They know they must manage and lower those expectations, CBS 2 Political Editor Mike Flannery reports.

A top economic advisor to Obama had a glum warning for the rest of us Thursday morning: Neither the job market nor the stock market will be turning around any time soon.

"This might be a long haul," said Robert Reich, who was President Bill Clinton's secretary of labor. "2009 is going to be a very hard year. Some economists say we won't be out of this for two years, others are saying it may be three, or four, maybe five years."

Now on Obama's transition team, Reich worries about what happens after the new president is sworn in Jan. 20.

"We all have to be very careful about the expectations that we are putting on this man, our president-elect," Reich said. "If we all assume it's going to be the first 100 days, we're going to be disappointed."

http://cbs2chicago.com/local/Obama.advisers.expecations.2.869896.html


Click here to view all recent Sarah Palin in 2012 posts

View All Recent Meet the Real Sarah Palin Blog Posts: