Obama Doesn’t Care If Stimulus Works

April 3, 2009

Obama Dreams Of Economic Justice

Liberals are always going off about how stupid conservatives are, so could one of you geniuses please explain what the crap is so intelligent about facing historic economic debt and uncertainty with historic levels of borrowing and spending?

I just want to understand the concept better. How is this going to work? I don’t buy that we have to do it, but we don’t know if it will work.

Obama hasn’t done squat to explain to taxpayers why he thinks this idea will work.

I’ll explain it to you, it isn’t going to work, Obama knows it, and he doesn’t care….he just wants the money, so he can give it to people who didn’t work for it. The whole crap about saving the economy is just as big of a marketing scheme as his campaign was. He doesn’t care about people, just wants their votes. Just wants to do what he always wanted to do and has been writing about since he was in college…wield economic justice. Redistribute wealth. Make things more fair for all the have-nots. Look up in history sometime how well that has always worked.

It doesn’t work. the have nots do way better when you don’t tax the haves into the stone age.


Europe Cries Out Against Obama Debacle

March 29, 2009

 

Czech Prime Minister Mirek Topolanek says the Obama fiscal stimulus is paving a “road to hell.” 

Mr. Topolanek simply presented more bluntly the same opinion that leaders from Germany’s Angela Merkel to France’s Nicolas Sarkozy to European Central Bank President Jean-Claude Trichet have already expressed.

With the Obama Administration paying no heed to them and racking up ever more deficit spending, why not speak up more forcefully? Friends don’t let friends wreck their economies.


Obama Record Looking Ugly

March 17, 2009

The following is a list of crap the P. Diddy’s of the world did not expect when they joined with The New York Times, Newsweek, Time, NBC, Sean Penn, Oprah Winfrey and the rest of the world’s least political savvy, to elect the most incompetent President we’ve ever had, Baracko Bama.

Check it out:

  • The $787 billion stimulus, gargantuan as it was, was in fact too small and not aimed clearly enough at only immediate job-creation.
  • The president gave up the moral high ground on spending not so much with the “stim” but with the $400 billion supplemental spending bill, larded as it was with 9,000 earmarks.
  • The administration is throwing good money after bad in at least two cases—the sinkhole that is Citigroup (there are many healthy banks) and General Motors (they deserve what they get). […]
  • A willingness to give too much leeway to Congress to handle crucial details, from the stim to the vague promise to “reform” medical care without stating what costs could be cut.
  • A 2010 budget that tries to do far too much, with way too rosy predictions on future revenues and growth of the economy. This led those who fear we are about to go over Niagara Falls to deride Obama as a paddler who’d rather redesign the canoe.
  • A treasury secretary who has been ridiculed on “Saturday Night Live” and compared to Doogie Howser, Barney Fife and Macaulay Culkin in “Home Alone”—and those are the nice ones.
  • A seeming paralysis in the face of the banking crisis: unwilling to nationalize banks, yet unable to figure out how to handle toxic assets in another way.  
  • Even the Democrats with brains are starting to see this guy for what he really is, an incompetent showbiz star who now runs the most powerful country in the world.

  • Economists Nauseated By Obamanomics

    March 12, 2009

     

    A Survey Of 49 Top Economists Calls Into Doubt The Whole Idea That Barack Obama Even Has A Brain

    A Survey Of 49 Top Economists Calls Into Doubt The Whole Idea That Barack Obama Even Has A Brain

    President Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.

    On average, they gave the president a mark of 59 out of 100, and although there was a broad range of marks, 42 percent of respondents graded Obama below 60. Geithner fared even worse, with an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71.

    “The Obama team has blown it,” said David Resler of Nomura Securities.

    “The package already passed was too much too late,” said Dana Johnson of Comerica Bank.

    “The most important issue in the short run is the financial rescue,” said Stephen Stanley of RBS Greenwich Capital. “They over-promised and under-delivered. Secretary Geithner scheduled a big speech and came out with just a vague blueprint. The uncertainty is hanging over everyones head.”


    Obama’s Fifty Days Of Broken Promises

    March 11, 2009

    During his campaign, Dishonest Abe promised the American people he would bring American troops home from Iraq in 16 months. He’s admitted he can’t do that now. He knew he couldn’t do it when he made the claims during the campaign. But it sure sounded good to all those new, young voters who wanted to end the war.

    At best, America will end its combat role in Iraq by 2011 – a deadline set by the Iraqi government and supported by Obama. His decision to keep Bush’s defense secretary – Robert Gates – in charge of the Pentagon represents a major rollback in his promise for a swift end to the war in Iraq.

    Campaign promises are normally as dispensable as a condom after sex so we shouldn’t be surprised that Obama’s reneging on Iraq is just another in a growing litany of “well, I may have said that, but…”

    But Obama promised to be different. He promised to be a Presidential candidate who kept his promises and he broke that promise too.

    Obama said lobbyists – the real power brokers in Washington – would have no role in his government yet his transition team is packed with lobbyists and they’re the ones making recommendations on who should get top jobs and setting the legislative agenda of the new administration.

    He promised an end to the old way of doing things but, so far, he has stacked his cabinet withretreads from past administrations schooled in – you guessed it — the old way of doing things.

    He promised an end to the bitter partisanship of the past yet his first appointment as President-elect was the most partisan member of Congress as his chief of staff. Rahm Emmanuel is not only a rapid partisan but a former political operative who makes Karl Rove look like a Sunday school teacher.

    Perhaps we should have paid more attention to an early indicator of Obama’s disregard for keeping his word. He promised to accept public financing if his opponent did. McCain accepted public financing and Obama broke that promise because he could raise and spend more money outside the system. And he raised more than $750 million. That’s three-quarters of a billion.

    Some say Obama bought the election. Buying an election is old-school politics – something Barack Obama said he would bring to an end.


    The Monster Budget That Devoured America

    February 27, 2009

     

     

     

    Monster Budget Unleashed On United States

    Monster Budget Unleashed On United States

    1. The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined, and under this plan, we will see three consecutive trillion dollar deficits between now and FY 2012.  

    2. While it was purported to cut the budget deficit in half – from $1.75 trillion in 2009 to $533 billion by 2013 – this budget projects higher deficits in 2014 ($570 billion), 2015 ($583 billion), and 2016 ($637 billion). In 2019, the final year in the budget, the deficit is projected to be $712 billion.

    3. Including the recently-enacted trillion-dollar “stimulus” spending bill, discretionary spending will soar by 24 percent this year under this budget.

    4. The budget projects that the national debt will increase from $8.4 trillion in 2009 to $15.4 trillion in 2019.

    5. The Administration’s budget contains $1.4 trillion in tax increases – tax hikes that will impact everyone, from small businesses, charities, and seniors to everyone who owns a 401(k) and anyone who flips on a light switch.

    6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.

    7. This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion a health care “reserve fund.” The budget also calls for seven percent annual growth in Medicare and more than six percent annual growth in Medicaid over the next 10 years.

    8. The budget includes a $750 billion placeholder for a second round of spending under the Troubled Assets Relief Program (TARP), even though the first round of TARP spending is not yet finished, nor is there a clear explanation of how funds under the initial round was spent.

    9. The Administration’s budget claims that reducing the number of troops in Iraq over the next 10 years will cut the deficit by $1.6 trillion; however, that is only because the budget allocates the same amount of funds for the Iraq war each year over the next decade, even though most combat troops may be withdrawn during the next 19 months. The savings are, at best, deceptive.

    10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
    pay increase.


    GOP Hits “Reject” On Obama Stimulus

    February 25, 2009

    Republican leaders continued their attacks on President Obama’s handling of the economy Tuesday, calling it irresponsible and certain to increase taxes and federal debt.

    Responding to Obama’s televised speech to a joint session of Congress, top Republicans said the president relies too heavily on spending, and not enough on tax cuts, to try to revive the gasping economy. They said they want to work with Obama, and sometimes blamed congressional Democrats more than him. But their criticisms were sharp and plentiful.

    “The way to lead is not to raise taxes and put more money and power in hands of Washington politicians,” said Louisiana Gov. Bobby Jindal, who gave the Republican Party’s official response. The massive economic stimulus bill recently enacted by Obama and congressional Democrats, Jindal said, will expand the government, “increase our taxes down the line, and saddle future generations with debt.”

    “It’s irresponsible,” said Jindal, who is eyeing a presidential bid in 2012. 

    The tone of the Republicans’ response was in keeping with their nearly unanimous opposition to the $787 billion economic stimulus bill, which was backed by only three Republicans in the Senate and none in the House.