Posts Tagged ‘bankrupt the country’

Another Failed Stimulus? What’s The Difference Between ‘Shovel-Ready Projects’ And ‘Construction Workers Ready To Get Dirty’???

September 7, 2011

Obama is previewing his “jobs speech” which he’ll be giving on Thursday, and it’s basically deja vu all over again.

Obama said Monday:

“On Thursday, we’re going to lay out a new way forward on jobs to grow the economy and put more Americans back to work right now. I don’t want to give everything away right here, because I want you all to tune in on Thursday, but I’ll give you just a little bit.”

We’ve got roads and bridges across this country that need rebuilding. We’ve got private companies with the equipment and the manpower to do the building. We’ve got more than 1 million unemployed construction workers ready to get dirty right now. There is work to be done and there are workers ready to do it. Labor is on board. Business is on board. We just need Congress to get on board. Let’s put America back to work.”

Let’s see: Obama’s $862 billion – actually $3.27 TRILLION – pork-laden boondoggle wasn’t big enough the first time. The stimulus totally failed. But if at first you fail, why then fail, fail again. And why not spend America into its grave failing while you’re at it?

“Ready to get dirty right now.” What does that remind me of?

Oh, that’s right. Watch this video to find out:

“Ready to get dirty right now” is just another damn way of saying “shovel-ready projects.”

What was it Obama said? You know, after selling the first massive stimulus as being one huge “shovel-ready jobs” package???

“Shovel-ready was not as … uh .. shovel-ready as we expected.”

But what the hell. Let’s waste another few billion tons of money. Let’s make sure we dig our way into a hole that will guarantee out complete economic collapse.

Please don’t be stupid.  It’s being leaked that Obama is going to propose another $300 billion for the same crap that conservatives RIGHTLY predicted would fail the last time when it was three times bigger.  It’s not going to work.  It’s going to fail for the same reasons the stimulus failed so abysmally before.

Back on October 20, 2008, I wrote the following, quoting CEO Magazine:

People are most concerned about jobs right now; maybe they should stop listening to mainstream media ideologues and start listening to the people who actually create jobs:

Chief Executive Magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

Disastrous for the country.” That doesn’t sound good. And that’s about as optimistic as the CEO’s get about Barack Obama:

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Bankrupt the country within three years.” There. You want socialism, you can have it. “Spread the wealth around” so that country itself is as broke as the defaulting homeowners and the defaulting mortgage houses we keep hearing about.

How can you people not see that these professional job creators were RIGHT?!?!?  These CEOs KNEW what they were talking about; how much more obvious can it get that Obama DOESN’T?!?!?

Please vote this disgrace out of office before it’s too late for America to recover.

Who’s Fearmongering The Economy? Obama Speaks, And 30-Year Bond Is ‘Dragged To The Slaughterhouse’

July 19, 2011

The mainstream media would never make this connection (at least, not until a Republican is president again), but let it be known that the slaughter of the 30-year long bond was the DIRECT RESULT of Barack Obama saying he will veto any bill that seeks to balance the federal budget.

Obama wants reckless spending until America financially implodes.  Investors are going to get wise to the fact that there won’t BE a 30-year Treasury bond in thirty years.  Because there won’t be a viable United States to make good on it.

As Obama Says He Will Veto Any Republican “Cut, Cap” Deficit Bill, Long Bond “Dragged To Slaughter House”
Submitted by Tyler Durden on 07/18/2011 12:38 -0400

Just because someone is dead set on making Apple the only flight to safety in the world (and Gold of course, but unlike the iPad one can’t really eat this particular tradition), around the time (10 minutes ago) Obama threatened he would veto the Republican proposed vote to raise the debt ceiling coupled with a cap on spending and balanced budget amendment to the constitution, the selling off spilled over to Treasurys, which as the chart below demonstrates are broadly lower across the curve, but most emphasized at the 30 Year spot, which as Russ Certo says (see below) is being “dragged to the slaughter house.” Alas, judging by bank trading today the 2s30s steepening is completely irrelevant for bank stocks, for the simple reason that i) nobody needs any new mortgages and ii) nobody actually pays their mortgages. This is the second day since last week in which there is coordinated selling in stocks and bonds. Expect much more bond weakness with each day there is no bond deal.

Commenting on the move, Gleacher’s Russ Certo told Bloomberg that “vigilantes make a symbolic statement” about debt ceiling negotiations. “It’s the issue most sensitive to government ineptitude” Certo says of 30-yr bond “It’s all about the long bond as the 10-yr is being dragged to the slaughter house.” We couldn’t have said it better.

It’s long past time to realize that Barack Obama is an enemy to business, he is an enemy to the U.S. economy.  And either Obama goes or America goes.

I’ve been pointing out that business leaders have predicted that Barack Obama would destroy the U.S. economy.  I can literally quote myself quoting myself quoting those business leaders on that.  From my February 13, 2009 article titled, As Economy Tanks Under Obama, CEOs, Investors Say, “We TOLD You So”:

And what is causing this incredible momentum to the economic meltdown under Obama’s watch?

Let me quote myself – even as I quote from the September/October issue of Chief Executive Magazine:

People are most concerned about jobs right now; maybe they should stop listening to mainstream media ideologues and start listening to the people who actually create jobs:

Chief Executive Magazine’s most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive’s most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country.

“The stakes for this presidential election are higher than they’ve ever been in recent memory,” said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. “We’ve been experiencing consecutive job losses for nine months now. There’s no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain’s policies are far more conducive to a more positive employment environment than Obama’s.”

Disastrous for the country.” That doesn’t sound good.  And that’s about as optimistic as the CEO’s get about Barack Obama:

“I’m not terribly excited about McCain being president, but I’m sure that Obama, if elected, will have a negative impact on business and the economy,” said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama.

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Bankrupt the country within three years.” There.  You want socialism, you can have it.  “Spread the wealth around” so that country itself ultimately becomes as broke as the defaulting homeowners and the defaulting mortgage houses we keep hearing about.

The Chief Executive Officers were very clear in their assessment: an election of Barack Obama would result in an economic disaster.  And don’t think that a significant part right now of the terrible climate for the economy, and for business and jobs, is who is running the show.

Obama’s disastrous economic policies would “bankrupt the country within three years.”  And here we are, two years and seven months later, facing default.  We’re right on schedule.  And the CEOs had the economic understanding to recognize that it would ALL be Obama’s fault.

Now, the only thing that Democrats are skilled in (to put it the other way, they are incompetent at everything else), is demonization.  Democrats know how to demonize, demagogue, fearmonger and backstab better than anyone on the planet, bar none.

But business experts PREDICTED we would be in this situation; and they well understood and continue to understand who is causing this crisis: Barack Hussein Obama.

I also wrote an article earlier this year titled Instability, Food Riots And A Heaping Dose Of ‘I Told You So’ which referenced my November 24, 2008 article titled Renowned Economic Forecaster Says US Headed For Total Collapse.  The 2008 article contained a prediction by Gerald Celente that under Obama, we would have revolution, food riots and tax rebellions by 2012.  And we’re right on schedule.

This is why I have been so angry.  When I heard those Jeremiah Wright tapes (the racist, Marxist, anti-American “reverend” whom Obama called his “spiritual mentor” for over 20 years), I knew that Barack Obama was a truly evil man. You don’t sit in a toxic, poisonous, hateful environement like that for that long if you aren’t genuinely evil yourself.  And I knew that we were headed for “God damn America.”  It was as though I had had a vivid vision of the future – culminating in the implosion and collapse of the country that I have loved and served.

We’ve got a top very-recently former SEIU official caught on tape talking about deliberately imploding America by deliberately destabilizing the already destabilized housing mortgage crisis.  And I point to Obama’s words regarding SEIU: “Your agenda is my agenda (3:15 in the video below).”  He promised SEIU “to make your agenda a reality” (1:22 into the video below).

And prior to the SEIU (whose agenda is Obama’s agenda) official describing the agenda to financially implode America, I was writing about the liberal goal of the destruction of America by means of the “Cloward and Piven” approach to implode America through the sheer massive weight of its welfare system.

Things are bad.  And they’re certainly going to get worse.  Not that the man we foolishly and despicably elected to be our president gives a damn.

Most Americans Finally Blaming The Most Irresponsible President In History

August 3, 2010

One could conclude – based on rhetoric alone – that George Bush never left office, and Obama never actually ascended to the presidency.

After all, according to the Obama narrative, only one man is responsible for anything these days.  And that man is George Bush.

Obama isn’t “responsible.”  He’s completely irresponsible.

Obama has never once taken the “The Buck Stops With George Bush” sign off of his desk.

Since we all know that the buck stops at the highest political office, and since we all know that Obama keeps passing the buck off to George Bush, we can therefore know that Obama really isn’t our president.  Whether he produces his damn birth certificate or not.  Given the fact that leadership is ultimately about taking responsibility, and Obama refuses to take any responsibility whatsoever, he’s clearly not the POTUS.  And since Bush is apparently STILL responsible for everything, he becomes our defacto president even nearly two years after actually leaving the office.

Well, Barry Hussein may never accept responsibility for the failure of his policies, but at least more Americans are finally saying that this is Barack Obama’s sucky economy, rather than agreeing with Obama that he had nothing to do with anything.

From Rasmussen:

48% Blame Obama for Bad Economy, 47% Blame Bush
Monday, August 02, 2010

For the first time since President Obama took office, voters see his policies as equally to blame with those of President George W. Bush for the country’s current economic problems.

A new Rasmussen Reports national telephone survey finds that 48% of Likely U.S. Voters now think Obama’s policies are to blame for the continuing bad economy, up three points from last month. Forty-seven percent (47%) say the recession that began under Bush is at fault.

With voters across the country expressing stronger belief that the economy is getting worse rather than better, these new findings spell potential bad news for Democratic candidates this fall. The president is already planning to limit his campaign appearances with candidates because of potential voter backlash.

In June and last October, 45% blamed Obama’s policies for the country’s ongoing economic woes, the previous high finding on this question. The number who blame Bush is down from 62% in May 2009 when Rasmussen Reports first began tracking the question regularly. Only 27% faulted Obama at that time.

As is often the case, Mainstream voters and the Political Class have wholly different viewpoints on this question. While 61% of Mainstream voters now blame Obama’s policies, 87% of the Political Class say the bad economy is due to the recession that began under Bush.

Fifty-five percent (55%) of men blame Obama’s policies for the current economic problems, while 52% of women think Bush is the cause.

Among voters not affiliated with either major party, Obama is now chiefly to blame by a 52% to 44% margin.

That last paragraph is particularly significant.  Independents OVERWHELMINGLY blame Obama over Bush for the worsening economy.

And if that news isn’t revealing enough, Gallup/USA Today just came out with a poll showing Obama at only 41% approval – the lowest of his presidency.  He’s now flirting with being in the 30s.

I don’t really care what Democrats think about Obama vs. Bush.  The Democrat Party can be rightly defined as the party of moral idiocy.  But we are finally seeing rank-and-file Americans who are not involved with political ideology looking at going on two years of failure and false demagoguery and coming to the correct conclusion about whom to hold responsible.

When the economy appeared to be improving, Obama starting talking about his “summer of economic recovery.”

From Politico:

Obama, Biden declare ‘Recovery Summer’
By MIKE ALLEN 6/17/10 5:06 AM EDT

Vice President Joe Biden today will kick off the Obama administration’s “Recovery Summer,” a six-week-long push designed to highlight the jobs accompanying a surge in stimulus-funded projects to improve highways, parks, drinking water and other public works.

David Axelrod, a senior adviser to the president, said: “This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards and making it crystal clear what the cost would have been of doing nothing.”

But then we got all kinds of lousy economic news to rain turds all over Obama’s “Mission Accomplished” summer of recovery tour.

We got news like this:

Steep decline in GDP growth raises alarms
By Don Lee, Los Angeles Times
July 31, 2010

Reporting from Washington — U.S. economic growth slowed sharply in the spring, stoking concerns about a weak job market, a drawn-out struggle for the unemployed and growing financial pressures on millions of American families.

The nation’s gross domestic product grew at an annualized rate of 2.4% in the second quarter, falling from an upwardly revised 3.7% expansion in the first three months of the year, the Commerce Department said Friday.

While many economists had expected growth to moderate, the reported decline was a jolting 35% below the previous quarter. Gross domestic product is the value of all goods and services produced in the economy. [...]

In the wake of Friday’s report, a number of economists downgraded their growth forecast for the second half of the year to as low as 1.5%, an anemic rate that would likely push the unemployment rate above June’s 9.5% figure.

Commerce officials also revised downward some prior growth figures for real GDP, which is the inflation-adjusted value of all goods and services produced in the U.S. The government Friday said real GDP grew 5% in the fourth quarter of 2009, down from a previously reported 5.6%.

Overall, the new data painted a picture of a deeper recession than previously believed.

Government spending and inventory adjustments have powered the economic recovery that began last summer, and they juiced up the second quarter as well. But economists expect tighter public spending, particularly by budget-strapped state and local governments, to be a drag on the economy in the coming quarters.

Many private economists projected that the unemployment rate would rise to 9.8% or higher by the end of the year
.

And today, we learned that housing prices were down, factory orders were down, and consumer spending was down.  As the LA Times put it:

U.S. consumers did not boost their spending in June and their incomes failed to increase, further evidence that the economic recovery slowed in the spring. And Americans saved at the highest rate in nearly a year.

Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster consumer demand. Incomes were also flat, the weakest showing in nine months.

The disappointing report on spending and income was among a raft of data released Tuesday that confirmed the economy ended the April-to-June quarter on a weak note.

Factory orders dropped 1.2 percent in June to a seasonally adjusted $406.4 billion, the Commerce Department said. It was the second consecutive decline after nine straight months of gains. Lower demand for steel, construction machinery and aircraft dragged down the figure.

And the number of buyers who signed contracts to purchase homes fell in June. The National Association of Realtors says its seasonally adjusted index of sales agreements for previously occupied homes dipped 2.6 percent to a reading of 75.7. That was the lowest on records dating back to 2001 and down nearly 19 percent from the same month a year earlier.

Last week the government said economic growth for the second quarter slowed to 2.4 percent. Many analysts believe it will dip further in the second half of the year as high unemployment, shaky consumer confidence and renewed troubles in housing weigh on the year-old economic recovery.

What’s funniest of all – if anything is funny during a complete failure’s destruction of what had been the greatest nation in the history of the planet – is that Obama was literally still congratulating himself when the bad news came dumping down:

President Obama was in New Jersey yesterday killing time before his appearance on ‘The View’. So he stopped at Tastee Subs and held a small business summit, pushing for legislation to increase funding to the Small Business Administration. In between sound bytes on jobs and bites of Tastee’s super-sub special, more bad economic news came rolling Obama’s way.

And then all of a sudden the Obama administration is all, “Oh, crap! Stop looking at our “success”!  No!  Don’t look at our “recovery summer”!  We don’t want to take responsibility after all!  Start looking at Bush again!  He’s the only one who is actually RESPONSIBLE!”

So now – after Obama patted himself on the back and congratulated himself for his mission accomplished, all of a sudden we’re back to the “Bush recession.”

BIDEN LAMENTS ‘BUSH RECESSION’…. Vice President Biden appeared on NBC’s “Today” show earlier, and used a line I don’t recall leading White House officials using before, at least not lately.

Ann Curry noted that the administration has been blamed for high unemployment rates, and asked, “Has this administration done enough?”

Biden replied, “Let me put it this way: there’s never enough until we restore the 8 million jobs lost in the Bush Recession. Until that happens, it doesn’t matter. I mean, it matters, but it’s not enough.”

Which is to say that, according to the Obama administration, George Bush is to blame for all the jobs HE lost, PLUS all the jobs that OBAMA lost.  After going on two years in office, Obama still isn’t responsible for anything at all.  Oh, except for that brief period when it looked like maybe things were looking up and Obama could suddenly be “responsible”.

When Bush left office, unemployment was 7.6%.  Barry Hussein promised that his massive stimulus would save the day.  He assured the American people that he understood what was wrong, and that he had the solution.  His administration promised that if the stimulus (which started out at $787 billion, then got revised upward to $862 billion, but which will actually cost taxpayers $3.27 TRILLION) was passed, unemployment would not go over 8%.

From NPR:

President Obama is being forced to wade into a domestic economic debate that just won’t go away: As the unemployment rate rises, there have been calls for a second round of stimulus spending.

Obama is in a difficult position. He has to defend his $787 billion economic stimulus package at a time when there are few visible signs that it has had an effect. Unemployment is at 9.5 percent, even though the White House predicted in January that with the stimulus bill, it would rise to only about 8 percent.

And the LA Times article cites economists as now predicting that unemployment will rise to at least 9.8% – or higher.  Which for the record is a lot higher than 8%.

It’s not enough to say Obama was incompetent.  He lied.  He pitched himself as Mr. Wonderful, and utterly failed to live up to all of his false promises.

In October 2008 I wrote an article which quoted Chief Executive Magazine as follows:

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

And I had cause to cite that article again recently, as Obama pursued the incredibly demagogic rhetoric that said we had to go forward with his “change” rather than backward.  Lest you don’t see the obvious flaw, allow me to point out that Germany went forward with Hitler’s “change,” too.  And then there was Stalin’s “change,” and Pol Pot’s “change,” and Castro’s “change,” etc.

To argue that moving forward to “change” is somehow intrinsically good is intrinsically stupid.  It is the very worst kind of moral idiocy.  And that “logic” has repeatedly justified the most evil outcomes in the history of the human race.

The CEOs – whom unlike the Obama administration actually understand something about business – have turned out to be right.  And Obama has turned out to be completely wrong.  Over and over and over again.

Obama pitched his entire campaign for presidency on “hope” to go along with his nebulous “change.”  Sadly, the American people didn’t understand that there isn’t and can be no hope in the progressive agenda of Barack Hussein.  There is only increasing government control over more and more of our lives.

It should terrify you that Obama is well on the way to the three-year plan toward bankruptcy that the CEO’s predicted of an Obama presidency.

Financial Reform ALREADY Injuring Economy

July 22, 2010

This is something else.

From Business Insider:

Financial Reform Meets First Huge Unintended Consequence As Ford Halts Bond Offering
Joe Weisenthal | Jul. 22, 2010, 8:57 AM

Whenever you get new laws and “reform,” unintended consequences are sure to follow.

Usually they take awhile.

Not so with Dodd-Frank.

WSJ reports that Ford has already yanked a bond deal, because the ratings agencies, fearing legal liability, won’t let the automaker puts their ratings in the prospectus, making a sale impossible.

So did Dodd-Frank just kill the bond market? Well, probably not.. Regulators will likely find some way around this impasse, but it’s still amusing to see the bill INSTANTLY slow down the gears of capitalism (or at least capital raising) as its fiercest critics might have suggested.

Click here to see 15 signs the economy is rolling over

Here’s the Wall Street Journal piece cited above:

JULY 21, 2010
Ford Scuttles Debt Deal as Overhaul Chills Market
BY ANUSHA SHRIVASTAVA

Ford Motor Co.’s financing arm pulled plans to issue new debt, the first casualty of a bond market thrown into turmoil by the financial overhaul signed into law Wednesday.

Market participants said the auto maker pulled a recent deal, backed by packages of auto loans, because it was unable to use credit ratings in its offering documents, a legal requirement for such sales. The company declined to comment.

The nation’s dominant ratings firms have in recent days refused to allow their ratings to be used in bond registration statements. The firms, including Moody’s Investors Service, Standard & Poor’s and Fitch …

Oh, well. Nobody needs those stupid jobs that Ford would have financed through an expansion, anyway.  And who really cares if numerous deals that would have happened don’t now because of “finance reform”?  Surely we’re all fine with scraping our own feces to heat our homes as in the other socialist Utopia in North Korea?  Who isn’t willing to personally suffer to punish those greedy businesses?

Analyst David Rosenberg, in agreement with other market experts such as Bob Farrell, said on CNBC that the Dow could challenge the terrifying lows of March 2009 and drop below 5,000.

Well, surely the Chairman of the Federal Reserve would bring confidence to the market.

Not so much:

Bernanke says economic outlook is ‘unusually uncertain’
In congressional testimony, the Fed chairman predicts that unemployment will remain stubbornly high for years. His comments send stocks down sharply.

By Don Lee and Walter Hamilton, Los Angeles Times
July 22, 2010

Reporting from Washington and Los Angeles —

Saying the economic outlook was “unusually uncertain,” Federal Reserve Chairman Ben S. Bernanke predicted that unemployment was likely to remain stubbornly high for several years, straining families and endangering the nation’s economic stability and competitiveness.

“Long-term unemployment not only imposes exceptional near-term hardships on workers and their families; it also erodes skills and may have long-lasting effects on workers’ employment and earnings prospects,” he said Wednesday in his semiannual testimony to Congress.

“This is the worst labor market, the worst episode, since the Great Depression,” Bernanke said of long-term unemployment. “Not only for the sake of the unemployed and for the short-term strength of the economy but also for a long-term viability in international competitiveness, I think we need to be very seriously concerned.”

We look at the financial reform imposed by the Democrats and realize that it will cost banks billions and make them even more reluctant to lend than they already are even as they pass the increased costs to their customers in the form of a tax from Obama to you.

Business leaders are flat-out stating that Obama’s economic policies are stifling growth.

And I go back to the prediction of chief executive officers made prior to the worst decision America ever made:

In October 2008 I wrote an article which quoted Chief Executive Magazine as follows:

In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that “some of his programs would bankrupt the country within three years, if implemented.” In fact, the poll highlights that Obama’s tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs.

Barry Hussein is preaching about his “summer of economic recovery.”  But he’s a liar without shame or principle.

On the flip side of the “summer of economic recovery,” there’s actual reality.

From CNN Money, July 22, 2010:

Jobless claims jump in latest week
By Blake Ellis, staff reporterJuly 22, 2010: 9:28 AM ET

NEW YORK (CNNMoney.com) — The number of Americans filing for initial unemployment insurance climbed last week, the government said Thursday.

There were 464,000 initial jobless claims filed in the week ended July 17, up 37,000 from a revised 427,000 the previous week, the Labor Department said.

The number of claims was much higher than expected. A consensus estimate of economists surveyed by Briefing.com expected new claims to rise to 445,000.

“It’s very disappointing to have this leading indicator of economic conditions jump higher,” said John Lonski, chief economist at Moody’s Economy.com. “This is the latest reminder of a weak labor market, and the jump preserves worries regarding the adequacy of economic growth.”

The Democrats passed a 2,300 page bill that is essentially mystery meat, which creates more than 20 new agencies that will write hundreds of as-yet unwritten regulations.

And even the author of the bill doesn’t have a clue how the massive Rube Goldberg Machine boondoggle will work:

“It’s a great moment. I’m proud to have been here,” said a teary-eyed Sen. Christopher J. Dodd (D-Conn.), who as chairman of the Senate Banking Committee led the effort in the Senate. “No one will know until this is actually in place how it works. But we believe we’ve done something that has been needed for a long time. It took a crisis to bring us to the point where we could actually get this job done.”

Never let a crisis go to waste.

If you are a Democrat, I suggest you burn your testicles off with a blowtorch.  Because that would be change.  And of course change is good.  And who really cares about the irrelevant details of “change,” anyway?

Analyst Meredith Whitney, famous for being one of the very, very few who predicted the economic disaster in 2008, has made another prediction that no one listened to:

“Financial Reform Will Cause ‘Tragic’ Unemployment Levels For An Extended Period Of Time

So, as the economy descends into the hell of unintended consequences, please comfort yourselves with my assuring you that I told you so.

Wanda Sykes: Anything Less Than Blind Devotion To Obama Is Treason

May 11, 2009

Barack Obama greeted the White House Press Corespondents by saying, “My name is Barack Obama.  Most of you covered me.  All of you voted for me.”

I don’t know how funny that was, but it certainly had the virtue of being true.  The media is so completely biased today, and has turned into such a pro-liberal, pro-Obama propaganda operation, that it is positively unreal.

But it was Wanda Sykes who expressed the unspoken zeitgeist of the mainstream media.

Youtube link

Sykes said:

Rush Limbaugh, one of your big critics, boy, Rush Limbaugh said he hopes this administration fails. So, you’re saying “I hope America fails,” it’s like, I don’t care about people losing their homes, or their jobs, our soldiers in Iraq. He just wants the country to fail. To me, that’s treason. He’s not saying anything differently than what Osama bin Laden is saying. You know, you might want to look into this, Sir, because I think maybe Rush Limbaugh was the 20th hijacker, but he was just so strung out on oxycontin he missed his flight.

And you’ll notice if you watch the video that Obama clearly laughs at the rabid punchline.

And then Sykes says:

Rush Limbaugh, I hope the country fails, I hope his kidneys fail, how ’bout that? Needs a little waterboarding, that’s what he needs.

And the President of the United States thinks it’s also quite hilarious that one of his fellow citizens’ kidneys fail.  Because that’s just the kind of guy he is, I guess.

And waterboarding is only torture when it is applied to terrorist murderers who want to kill Americans by the millions.  It is most definitely NOT torture if its done to conservatives.  Obama laughs at the thought of Rush Limbaugh being waterboarded.  But the waterboarding of a terrorist responsible for over three thousand American lives is a proof that we have lost our moral bearings.

Let me contrast Obama with a President that actually had some class.  Show me footage of George Bush laughing at the idea of a terrible wasting disease befalling, oh, I don’t know, Wanda Sykes.  The fact of the matter is, we used to have a President who was above that kind of rabid and clearly hateful partisanship.

And its the sheer, total, all-encompassing hypocrisy of the left that will never cease to continue to surprise me.

These same people who were for that war before they were against it, who literally hoped Bush would fail in Iraq and our troops would lose (recall Harry Reid’s proclamation of surrender when our troops were still fighting for victory: “I believe that this war is lost“), used to call dissent “the highest form of patriotism” when it suited them.

Dissent has NEVER been “the highest form of patriotism,” of course, and liberals had to butcher Thomas Jefferson the same way they butchered the Constitution to obtain that understanding.  But Democrats had a “standard” that they clung to when it suited them, only to show their hypocrisy by turning on the same standard they had just held.

Kind of like the war in Iraq itself.  Wanda Sykes speaks of conservatives such as Rush Limbaugh somehow betraying our soldiers in Iraq.  Let’s look at who REALLY undermined and betrayed our soldiers in Iraq.

This is what these cut-and-run-cowards USED to say before they publicly claimed “this war is lost” while our troops were still in the field fighting to win:

http://www.truthorfiction.com/rumors/b/bushlied.htm
http://www.freedomagenda.com/iraq/wmd_quotes.html
http://www.snopes.com/politics/war/wmdquotes.asp

These liberals, who backstabbed, undermined, blocked, obstructed, demonized, and demagogued Bush and his agenda at every single turn – including hoping we failed in time of war – now have a frankly terrifying view of loyalty and patriotism.

If we are against Obama, we are against the country.  Because Barack Hussein Obama is our Fuhrer, and in him does the destiny of the new Reich lay.  He is our Big Brother, and we owe our lives, our fortunes, and our sacred honor not to our principles, but to our messiah.

You tell me: was that these hypocrite liberals’ view of the Bush presidency during the last eight years?

Obama is NOT America.  He is NOT our Big Brother, he is NOT our messiah, and he is most certainly not MY Fuhrer.  And I will fight with words, with fists, or even with weapons if anyone tries to take away my right to say otherwise.

Rush Limbaugh has very patiently explained to some incredibly stupid and immoral people that he hopes Obama fails FOR THE GOOD OF THE COUNTRY.  Obama is a hard core socialist who has already spent more money than every single president from George Washington to George W. Bush COMBINED.  He is imposing a debt upon us that we and our children can never hope to repay.  The average 30 year-old planning to retire at age 70 will have to pay $136,932.75 just for the interest on President Obama’s 2010 budget.  And that doesn’t include the MUCH greater cost of paying for the overal deficit black hole to which Obama has added $12.8 TRILLION.  The interest on the national debt–interest alone–currently amounts to over $800 million a day, and about $300 billion per year.  In ten years we will be paying more than $800 billion a year in interest to finance our debt.

And we are already at a position that in order to make payments on the debt, we have to borrow more money.  A Washington Post article entitled, “U.S. Debt Set to Soar This Year” points that factoid out:

But about 40 percent of the debt held by private investors will mature in a year or less, according to Treasury officials. When those loans come due, the Treasury will have to borrow more money to repay them, even as it launches perhaps the most aggressive expansion of U.S. debt in modern history.

We’re broke, but that doesn’t stop Barack Obama from trying to nationalize another one-sixth of our economy (health care) at the cost of another $634 billion – just for starters.  He wants to nationalize our energy industry.  He wants to nationalize the student loan program.  He’s already nationalized the banks and the auto industry.

Obama’s spending will go on and on and on.  If all goes well, he will only put us $9.3 trillion in the hole. Even the Congressional Budget Office acknowledges that such reckless spending is totally unsustainable.

And I’m supposed to be akin to Osama bin Laden for hoping that Barack Hussein fails in his task of bankrupting the country?  Excuse me?

This was all been predicted before the election by men and women who knew a hell of a lot better than Wanda Sykes.

In a poll of chief executive officers taken prior to the election, 74 percent of the executives said they feared “that an Obama presidency would be disastrous for the country.”  And some of the CEOs predicted that “some of his programs would bankrupt the country within three years, if implemented.”  And with the Congress in nearly total Democratic control, they ARE being implemented.

Rush Limbaugh explained what he meant in an address that is worth reading.  He explained why we should ALL hope Obama fails.

I hope Obama fails – and fails big – and that the people recognize his failure and turn on him before America goes into a hole that it will never be able to claw its way out of.

And in the meantime, I’ll wear Democrats’ charges of treason as a badge of personal honor.  Being called a “traitor” by Democrats bothers me about as much as it would bother me if a child molester (whom Democrats protect as sacred cows, btw) called me “a bad person.”


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