Posts Tagged ‘cap-and-trade’

Obama Demoagogues Boehner While Mainstream Media Misrepresents Him

September 15, 2010

I’ve already written (and still more here) about increasing numbers of Democrats doing a tacit “credit Bush” move – as opposed to the mindless failure of responsibility inherent in the “blame Bush” garbage – by demanding that ALL of the Bush tax cuts be extended at least temporarily.

So you’ll have to forgive me for changing the emphasis of the following excellent article, even as I preserve its substance.

Yes, Democrats are increasingly starting to change their tune on the Bush tax cuts.  Previously, they were blaming Bush’s tax cuts for the economic collapse; now growing numbers of them are saying they should be extended.  But let’s not forget to examine the classless, tasteless, and clueless demagoguery that is daily spit out of the Obama White House.

From HotAir:

Rank and file Dems to Pelosi: extend all the Bush tax cuts
posted at 2:13 pm on September 13, 2010 by Ed Morrissey

After John Boehner reiterated his call to extend all of the Bush-era tax cuts expiring at the end of the year, the White House once again tried hammering him as an extremist looking to protect the rich at the expense of the middle class.  House Democrats will undercut that messaging with their own call to put off tax hikes for the next couple of years.  In a letter circulating on Capitol Hill and reviewed by Politico, Blue Dogs and other Democrats tell Nancy Pelosi that this is no time to raise taxes or to extend the uncertainty:

POLITICO has obtained a draft of a letter from rank-and-file lawmakers to Pelosi and Majority Leader Steny Hoyer urging them not to let tax rates rise for Americans at the highest income levels.

“We believe in times of economic recovery it makes good sense to maintain things as they are in the short term, to provide families and businesses the certainty required to plan and make sound budget decisions,” the House members write in a letter that was being circulated for signatures on Friday and is expected to be delivered today or Tuesday.

Reps. Jim Matheson (Utah), Glenn Nye (Virginia), Melissa Bean (Ill.) and Gary Peters (Mich.) drafted the letter and are working to gather support, mostly from the moderate Blue Dog and New Democrat coalitions, for at least a temporary extension of the rates for top income earners as well as those in the lower brackets.

This comes at the same time that Boehner’s remarks have stirred controversy — although largely from the absence of context.  The media originally reported them as a retreat back to the White House petition.  Instead, Boehner said that he would vote to approve a bill that only extended the middle-class portion of the tax cuts if that was all that was offered.  Boehner scoffed at the notion that he was holding those tax-cuts extensions hostage, which a moment’s thought would prove correct.  Pelosi has a 77-seat majority in the House, and can pass anything Democrats want.

Clearly, some Democrats are now wondering if they want a class war right before the election.  That kind of strategy plays well in districts like Pelosi’s, but is falling flat in the rest of the country.  Democrats played that card in 2006 and 2008, and after four years of control in Congress, it’s no longer a trump card.  Democrats need to find a way to generate growth, and the only way to do that is to get people with capital to put it to work — which the coming tax hikes will prevent.

The Obama administration is doing its best to portray Boehner as an extremist.  Unfortunately for Obama, his own party shows that it’s the White House on the extreme, pushing tax hikes in the middle of an economic stall.  It also points to a bigger problem with the strategy, which is that punching down below one’s weight is never a good idea.  Instead of marginalizing Boehner, the White House is practically lending him the bully pulpit by putting Boehner at the same level as the President.  That helps the GOP, because most of the electorate understands that tax hikes will be disastrous for the economy — and Obama doesn’t exactly have a track record of success that gives him the benefit of the doubt.

So Chris Boehner is saying that, as a principled conservative who believes in the radical premises that Americans actually deserve to keep more of the money that they earned, he wants tax cuts for everyone.  But if he can’t get tax cuts for everyone, he’ll vote to give tax cuts to as many people as he possibly can.

Versus Obama (i.e., Obama Akbar!!!), whose position is that he will screw every single American and screw the entire economy unless his Marxist class warfare system prevails.  Because, dammit, he wants to have all the centralized commissar power to “spread that wealth around.”

And Obama calls Boehner the “extremist.”

Meanwhile, the mainstream media is deceitfully misrepresenting Boehner’s principled position into some kind of retreat.

But here’s what Boehner said:

Boehner told CBS’ “Face the Nation” that “If the only option I have is to vote for those at $250,000 and below, of course I’m going to do that.”

But, he said, “I’m going to do everything I can to fight to make sure that we extend the current tax rates for all Americans.”

And, he said, “I’ve been making the point now for months that we need to extend all the current rates for all Americans if we want to get our economy going again and we want to get jobs in America.”

I know, I know, what an “extremist.”  And, of course, Obama – who will blow up the entire country if he doesn’t get absolutely everything he wants – what a “moderate.”

And, of course, the media is clearly accurately representing Boehner’s view as a “retreat.”  Because, as any fool (and only fools, fwiw) knows, no conservative wants tax cuts for the middle class.  They just want tax cuts for the rich.  Because conservatives are evil and they hate the middle class.

When Mark Twain said, “A lie can get halfway around the world before the truth can even get it’s boots on,” he could have been talking about the American mainstream media.  Because that seems to be their standard operating procedure.  It is most certainly Barry Hussein’s.

I have written about the fact that tax cuts for “the rich” are the best way to increase both jobs and government revenues.  The arguments are on our side.  And in fact rather than being “extremist,” the position of favoring lower taxes for ALL Americans is the reasonable one we can take.  I hope you take time to read that.

The American people are now recognizing that Obama was fundamentally wrong about his stimulus; he was profoundly wrong about his ObamaCare; he was flagrantly wrong about his cap-and-trade system; he was terribly wrong with his green jobs nonsense; he was terrible wrong about immigration issues and the Ground Zero mosque; he endangered America by being completely wrong on Iran; and now he couldn’t be more wrong about his tax policy.

Where has this clown been right about anything?

Obama has said in his usual demagogic way, “If I said the sky was blue, they’d say no.”  The problem with Obama’s analogy is that if he said the sky was blue, it would probably be nighttime and the sky would actually be black.  Look at the sky at 2 AM and tell me it looks blue to you.  Obama began his presidency with a lie, PROMISING he wouldn’t run in 2008.  And not only has he never told the truth since, but he has proven that he is disastrously incompetent, as well.  The other problem with Obama is he’s not saying things like “the sky is blue” that everyone can reasonably agree to; he’s saying extremist, radical things that will implode this country.  If Obama would only pursue semi-reasonable policies, he’d get support from Republicans.

Let’s realize that Obama is a demagogue, a liar, an incompetent, and unfit to be president.  Let’s do an even better job ignoring him.  Let’s realize that if the mainstream media reports something, it is very likely at least mostly untrue.  Let’s realize that cutting taxes for everyone – especially the people who actually create jobs in this country – is far and away the best path to prosperity.  And let’s realize that we need conservative policies if we’re going to get out of this hole and move forward

Obama Total Failure As Leader: Even Uber Liberals Throwing Obama Overboard In Gulf Disaster

June 16, 2010

If you see Obama covered in oil, it’s because a gang of liberals shoved him overboard into the sticky muck.

It appears that things are really getting desperate for the left.  Leftwing journalists, who have always been such reliable propagandists for Democrats, might finally be at that point where they realize if they don’t report the truth, their viewers will go to those that will.

From the gang of liberals at MSNBC:

MSNBC Trashes Obama’s Address: Compared To Carter, “I Don’t Sense Executive Command” Chris Matthews, Keith Olbermann and Howard Fineman react to President Obama’s Oval Office Address on the oil spill. Here are the highlights of what the trio said:

Olbermann: “It was a great speech if you were on another planet for the last 57 days.”

Matthews compared Obama to Carter.

Olbermann: “Nothing specific at all was said.”

Matthews: “No direction.”

Howard Fineman: “He wasn’t specific enough.”

Olbermann: “I don’t think he aimed low, I don’t think he aimed at all. It’s startling.”

Howard Fineman: Obama should be acting like a “commander-in-chief.”

Matthews: Ludicrous that he keeps saying [Secretary of Energy] Chu has a Nobel prize. “I’ll barf if he does it one more time.”

Matthews: “A lot of meritocracy, a lot of blue ribbon talk.”

Matthews: “I don’t sense executive command.”

VIDEO: Obama: Oil Disaster “Most Painful And Powerful Reminder” That We Need Clean Energy

VIDEO: Krauthammer: Obama Gave It A Shot, But The Story Will Not Be His Speech

VIDEO: Frank Luntz Focus Group On Obama’s Address: “Negative”

Here’s the Youtube video in which the above comments were made:

From the New York Times:

From the beginning, the effort has been bedeviled by a lack of preparation, organization, urgency and clear lines of authority among federal, state and local officials, as well as BP. As a result, officials and experts say, the damage to the coastline and wildlife has been worse than it might have been if the response had been faster and orchestrated more effectively.

“The present system is not working,” Senator Bill Nelson of Florida said Thursday at a hearing in Washington devoted to assessing the spill and the response. Oil had just entered Florida waters, Senator Nelson said, adding that no one was notified at either the state or local level, a failure of communication that echoed Mr. Bonano’s story and countless others along the Gulf Coast.

“The information is not flowing,” Senator Nelson said. “The decisions are not timely. The resources are not produced. And as a result, you have a big mess, with no command and control.”

They were supposed to be better prepared. When the Exxon Valdez ran aground in Alaska in 1989, skimmers, booms and dispersants were in short supply for the response, which was led by a consortium of oil companies in which BP was the majority stakeholder.

A year later, lawmakers passed the federal Oil Pollution Act to ensure that plans were in place for oil spills, so the response effort would be quick, with clear responsibilities for everyone involved.

No skimmers were available when the Exxon Valdes ran aground.  And – thanks to our fool-in-chief Barry Hussein – when we had a chance to get some much needed assistance to supply much-needed skimmers, Barry apparently thought they said, “We’d like to send you winners” and turned them down fearing they would make him look bad.

U.S. and BP slow to accept Dutch expertiseBy LOREN STEFFY –  Houston Chronicle – 06/08/2010

Three days after the explosion of the Deepwater Horizon in the Gulf of Mexico, the Dutch government offered to help.

It was willing to provide ships outfitted with oil-skimming booms, and it proposed a plan for building sand barriers to protect sensitive marshlands.

The response from the Obama administration and BP, which are coordinating the cleanup: “The embassy got a nice letter from the administration that said, ‘Thanks, but no thanks,’” said Geert Visser, consul general for the Netherlands in Houston.

Now, almost seven weeks later, as the oil spewing from the battered well spreads across the Gulf and soils pristine beaches and coastline, BP and our government have reconsidered.

So we’ve got this complete, unmitigated, and inexcusable disaster:

Had Obama accepted the offer back then and not allowed BP to use illegal dispersants, the oil would have never made landfall 48 miles away.

Today, (a month and half to late) there are US tankers that are steaming to the site with four pairs of modern skimming booms that were airlifted from the Netherlands and should be sucking up oil at the flow site within days.

Each pair can process 5 million gallons of water a day, removing 20,000 tons of oil and sludge.

If those skimmers were in place when they were offered a month ago, each pair could presumably recover 4.4 million barrels of oil. Four pairs of the state of the art skimmers would be able to suck up 17.6 million barrels in a month, although they will not be able to reach the depths of the plumes that are floating away with the illegal dispersants.

Thirteen nations offered to give us help to mitigate this massive disaster.  And Obama basically wrote, “To whom it may concern, please to get the hell out of my business” letters to all of them.

And, of course, this failure is too big for just one inexcusable and stupid and unforgivable abandonment of leadership, judgment, and basic common sense.  In addition to the “Thanks, but up yours” response to other nations’ offers to supply skimmers, Obama also allowed MILES of boom that would have been hugely important in protecting the coasts to sit useless in warehouses:

UNBELIEVABLE! How’s this for HOPE AND CHANGE?

Tar blobs began washing up on Florida’s white sand beaches near Pensacola this past weekend. Crude oil has already been reported along barrier islands in Alabama and Mississippi, and has impacted about 125 miles of Louisiana coastline.

It didn’t have to be this way.

(Reuters)
There are miles of floating oil containment boom in warehouse right now and the manufacturer Packgen says it can make lots more on short notice.
There’s just one problem… No one will come get it.

It’s unfair to compare Bush’s failure at the 500-year hurricane striking the worst possible location with Obama’s failure in this oil leak disaster – Obama’s failure is incommensurately worse.

And the American people know it.  A new poll–by a left leaning public opinion firm–finds that:

Our new Louisiana poll has a lot of data points to show how unhappy voters in the state are with Barack Obama’s handling of the oil spill but one perhaps sums it up better than anything else- a majority of voters there think George W. Bush did a better job with Katrina than Obama’s done dealing with the spill.

50% of voters in the state, even including 31% of Democrats, give Bush higher marks on that question compared to 35% who pick Obama.

Since Obama was elected, I’ve been saying that a third of American voters would continue to support Obama even if he led us into the stone-age-like conditions that Kim Il Jong has led his people into.  We could be living in the dark and freezing at night, and scratching our own fecal matter from the ground in order to have something to burn, and this group of people would still adore their Dear Leader.

And what is Obama’s response to this terrible crisis?  Well, his golf game certainly hasn’t suffered in any way.  He’s been very busy doing fundraisers so his fellow liberal buddies can have a chance to stay in office.  He got a nice vacation in.

Oh, and he gave a speech.  A speech in which Obama sought to seize advantage of the disaster in order to impose his monstrous and disastrous cap-and-trade system that would cause energy prices to “necessarily skyrocket.”  Obama is no leader who can possibly solve this crisis; he is rather a demagogic community organizer who can only seek to ideologically benefit from the crisis.

And MSNBC and the New York Times aren’t the only liberals who realize the disastrous and disgraceful failure that Obama has been.  Longtime liberal Democrat political strategist James Carville realized it.  Liberal journalist and former Clinton administration public affairs hack Kirsten Powers realized it.  I’m sure a lot of other liberal media pukes are realizing that we’re coming to the place where they either throw Obama overboard for his incompetence, or demonstrate that they themselves are clearly incompetent in their analysis.

I like the way the American Thinker concludes on Obama’s performance:

The utter lack of leadership and hands-on management in responding to the Gulf oil crisis is an embarrassment to the President, as well as a hideous disaster for the Gulf and those who live near it. Can Obama’s first-ever Oval Office address make the damage to his standing go away? I seriously doubt it. Obama has failed in his duty to protect the homeland through sheer inexperience, incompetence, and indolence. The man who has planty of time for golf, hoops, parties, and fund-raisers is asleep at the switch when it comes to making the system respond effectively to an emergency. There is no papering over the spectacle with rhetoric.

.

Obama Likens Gulf Oil Disaster To 9/11, As If Free Market Enterprise Is Akin To Terrorism

June 15, 2010

Obama – who has all but destroyed relations with one of our closest allies in Israel – has gone on to all but destroy relations with our very closest ally of all.

From an article which the Desert Sun appropriately entitled, “Gulf disaster jeopardizes U.S., British relations”:

Obama has said he would have fired BP’s top executive if he were in charge. He embraced the idea that the oil company suspend its quarterly dividend. He reproached BP for spending money on a public relations campaign. This past week, he said in a television interview, “I don’t sit around just talking to experts because this is a college seminar; we talk to these folks because they potentially have the best answers — so I know whose ass to kick.”

He occasionally refers to “British Petroleum,” although the company years ago began using only its initials and is a far-reaching international corporation with extensive holdings in the United States, including a Texas refinery and a share of the Alaska oil pipeline.

The angry words from Washington have produced a backlash in Britain, where BP is viewed as a corporate pillars. Millions of British retirees depend on BP dividends since pension funds are heavily invested in the oil company, the world’s third-largest.

I have written that Obama should start by kicking his own ass elsewhere.  But that’s another matter.

Obama has been hard at work undermining the historic relationship between England and America since he took office and told England it could have its crappy bust of irrelevant Winston Churchill back.

Oh, well.  What’s a special relationship that has stood for nearly two centuries and led to victory over evil in two world wars?

How does that any of that compare to the gain of directly attacking capitalism and the free market system when you’re a Marxist?

The Lonely Conservative has an article that includes Youtube video of Obama adviser Robert Reich calling for the US to socialize – er, nationalize – BP.  And Reich (and Maxine Waters, of course) are joined by uber-liberal Rosie O’Donnell, who says:

“Seize their assets today. Take over the country, I don’t care. Issue and executive order. Say BP guess what…call it socialism, call it communism, call it anything you want. Lets watch Rush Limbaugh explode…on TV when he talks….SEIZE THE ASSETS, take over BP.”

So I’m just agreeing with a liberal icon and calling it what it is.

And in that spirit, we have this latest:

Obama likens Gulf environmental disaster to 9/11
Jun 14 09:37 AM US/Eastern President Barack Obama likened the disastrous oil spill in the Gulf of Mexico to the September 11 attacks in an interview published on the eve of his fourth visit Monday to the stricken region.

“In the same way that our view of our vulnerabilities and our foreign policy was shaped profoundly by 9/11, I think this disaster is going to shape how we think about the environment and energy for many years to come,” he told Politico.com.

Obama said he would be making a fresh bid to get Congress to pass a major energy and climate bill.

He was quoted as vowing to “move forward in a bold way in a direction that finally gives us the kind of future-oriented … visionary energy policy that we so vitally need and has been absent for so long.”

“One of the biggest leadership challenges for me going forward is going to be to make sure that we draw the right lessons from this disaster,” he said.

Flopping Aces has several humorously illustrated pictures that get to the heart of the joke Obama and his stupid remarks are:

Some 56 days into the disaster and this is the best this fool can come up with???  Seriously???

Is BP like Osama bin Laden?  Is free market enterprise no different from al Qaeda?  Should our response to BP and the free market system be war, such as it was following 9/11?

Apparently so, according to the latest from the Failure-in-Chief.  You don’t think that Karl Marx and the demagogic propagandists his ideas inspired wouldn’t have compared capitalism and the free market system to a terrorist entity that we needed to declare war upon?

Obama is once again revealing his profoundly deep Marxist roots that go all the way down to that tiny black shriveled thing he calls his soul.

And apparently drawing “the right lessons from this disaster” means more Stalinism.

Obama, in the mantra of his chief of staff, has the position to “Never let a serious crisis go to waste.  What I mean by that is it’s an opportunity to do things you couldn’t do before.”

Is the oil leak that is turning the ocean black a disaster?  Not for Obama: it’s an opportunity to usurp more power from the private sector, to seize more power for mega-government.  For Obama, hard-core leftist ideologue, the oil disaster is an opportunity to impose his cap-and-trade system, which had been DOA.  It’s an opportunity to impose a system which he himself said would make energy prices “necessarily skyrocket.”  Who cares if it is shockingly expensive?  Who cares if it amounts to yet another Marxist redistribution of wealth?  Who cares if little people get hurt?  The government will be to tax more, and have more power to regulate every detail of our lives.

Obama and his people are Marxist-facists.  They are demagogues; they are fearmongers and propagandists.  They are out to undermine our relationships with our greatest allies, and they are out to undermine this country in hopes of being able to impose a Marxist system following an engineered economic collapse (see also here).

The UK Telegraph features a piece which is considerably nicer.  It basically says that Obama isn’t a Marxist plant out to destroy America, but rather just a pathetically ignorant cheap political opportunist.  Here’s how the article begins:

Increasingly, political judgment as well as basic common sense is being suspended in the White House. We are witnessing not only the dramatic dumbing down of US policy under the Obama administration, with cheap soundbites standing in for strong leadership, but also a staggering inability to comprehend the scale of the global war the West is engaged in, as well as a disturbing willingness to downplay its importance and forget the scale of the loss the American people suffered nine years ago.

And from that high point, Nile Gardiner, in this piece entitled, “The Gulf oil spill is not 9/11: the Obama administration plumbs new depths of stupidity,” takes off the kid gloves.

Ignorant dumbass or Manchurian Candidate?  You decide.

Obama Shows Off Anti-Capitalist Pro-Marxist Side – AGAIN

May 1, 2010

From each according to his ability, to each according to his need” – Barack Hussein Obama.

Oops.  That was actually Karl Marx.  My bad.

Not that it really matters.  Both men think pretty much share the same politics.  Obama with his “spread the wealth around” mindset is basically saying the exact same thing as Marx in a slightly different way:

“My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. I think when you spread the wealth around, it’s good for everybody.”

People like Andy Roth of the Club for Growth tried to warn us:

“It’s clear that his main goal is redistribution of wealth, not growth.  He’s perfectly happy to destroy wealth as long as he can redistribute it.”

But Obama’s KoolAid tasted a lot better than wisdom, common sense, and basic decency.  Why work when you can confiscate someone else’s wealth by means of the tyranny of the masses and the ideology of Marxist class warfare?

Obama is a socialist.  Socialists don’t mind wealth at all: they love it.  They just want it in THEIR hands and under THEIR control, rather than anyone else’s.

Let me just give you a quick example.  Goldman Sachs is being attacked (and perhaps justly) for literally betting that the mortgage market would go bust, while misrepresenting mortgage securities to suckers who took them off their hands.

So Goldman Sachs is evil.

But which cynical, demagogic politician took more Goldman Sachs money than ANYBODY???

Barack Hussein Obama.  The little rat bastard weasel didn’t seem to mind when Goldman Sachs was making “more than enough money” to give him a million dollars to buy his victory, did he?

Meanwhile, Obama is helping his Goldman Sachs buddies make billions by means in the cap-and-trade boondoggle (and see also here).

And the primary figure behind the current Goldman Sachs scandal is a LIBERAL bagman who supported liberal Democrat Charles Schumer.

Not that truth matters, of course.

Anyway, we’ve got Barry Hussein channeling Marx yet again:

Obama goes off teleprompter and allows his socialist side to show

Barack Obama:

“I Do Think at Some Point You’ve Made Enough Money”

If we take President Obama at his word, there comes a point when companies and people have made enough money. Logically, it would then be moral in his eyes for the government to confiscate the rest of their earnings. President Obama went off teleprompter and allowed his socialist side to show.

Obama to Wall St.: ‘I Do Think at Some Point You’ve Made Enough Money’ (video)

So with all due respect about Barry Hussein: just who is this son of a bitch to lecture anybody about anything?

Gas Prices Have Risen 55% On Obama’s Watch And Continue To Soar

March 27, 2010

Remember all the blame directed at George Bush when gas prices rose?  Remember how the Democrats literally began federal investigations over the price increases in what amounted to a political hit job?

Well, gasoline prices have quietly increased 55%, a dollar a gallon, under Obama’s watch, and suddenly the same Democrats who swore that high crimes and misdemeanors had been committed under Bush are now completely silent.

From the Washington Times:

Gas up $1 a gallon on Obama’s watch
Pressure rises for exploration
Thursday, March 25, 2010
By Stephen Dinan  and Kara Rowland

Gas prices have risen $1 since just after President Obama took office in January 2009 and are now closing in on the $3 mark, prompting an evaluation of the administration’s energy record and calls for the White House to open more U.S. land for oil exploration.

The average price per gallon across the U.S. hit $2.81 this week, according to the Energy Information Administration. That was up from $1.81 the week of Jan. 26, 2009, just after the inauguration, and marks the highest price since Oct. 20, 2008.

John B. Townsend II, a spokesman for AAA Mid-Atlantic, said price increases are a result of the cost of crude oil, thanks to a decision by the Organization of the Petroleum Exporting Countries not to raise production even as economic growth in countries such as Russia and China spurs more demand.

“From all indications, we’re going to see $3 gas again this summer,” he said.

The Obama administration also blames the market for the high prices and argues that its record for expanding energy development has been solid over the past year.

“The prices are set by the world market,” said Kendra Barkoff, a spokeswoman for the Interior Department, which manages federal lands that would be leased for oil exploration.

Gas prices have been on a roller-coaster ride over the past decade, dropping to near $1 after President George W. Bush’s first year in office, crossing the $2 mark in 2005 and reaching $4 in June 2008 before Congress and Mr. Bush took action, lifting presidential and congressionally imposed moratoriums on expanding offshore drilling on the Outer Continental Shelf.

Mr. Bush lifted the presidential moratorium in July that year. The congressional moratorium expired Sept. 30, and prices fell precipitously, dropping more than $1 in October.

“The reason that it dropped is because the U.S. sent a signal to the markets, by dropping the moratoria, that we’re going to drill on our lands. Obviously, we never followed up, and thus you see the crisis gradually rising,” said Rep. Doc Hastings of Washington, the ranking Republican on the Natural Resources Committee.

He said the solution is the same for both the short-term and long-term prices: Assure the markets that the U.S. will pursue domestic exploration.

You can see the impact that America drilling for its own oil has on prices – and how despicable the mainstream media can be in covering up the truth – in the following CBS piece entitled “The Immediate Benefit Of Offshore Drilling” from July 17, 2008:

After trading at a record high of $147 a barrel Friday, the price of oil saw its largest one-day drop since the 2003 beginning of the Iraq war on Tuesday, falling $6.44 a barrel. Wednesday, it fell another $3.71, to $135.03, and at one point was trading as low as $132.

So what happened? As is usually the case with markets, a variety of factors caused this dramatic drop. According to the Associated Press, the Energy Information Administration announced that U.S. crude-oil supplies rose by 3 million barrels; beleaguered banks have been selling off valuable energy contracts to pay for other debts; and there’s even some speculation that computer programs used by Wall Street may create a “cascading effect” once prices start to drop.

But bizarrely, the AP didn’t mention that on Monday – again, the day of the single biggest one-day drop in oil prices in five years – President Bush removed the executive order imposing a moratorium on offshore drilling in the United States.

To think that this dramatic and unexpected move by the Bush administration didn’t have a significant effect on oil prices is folly. Even Democrats admit that relatively small margins in oil production could have a huge impact on prices.

The price per barrel of crude oil – which was at an all-time high the day Bush signed the moratorium that ended the ban on offshore drilling after going up and up and up to that point – continued to drop and drop.  By September, it was below $109 a barrel.  By October it had dropped even more.  And it kept dropping.

But now in the age of Obama, it’s going up and up and up again.  We have had a 55% increase in the price of our gasoline during a terrible recession.  Obama’s energy policies have hurt this nation badly at an incredibly vulnerable period, without so much as a peep from most of the media.

Barack Obama threatened to bankrupt the coal industry – which produces 49% of our nation’s electricity – and said that:

“Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.”

He told just enough lies and half-truths to get coal-state Democrats such as  West Virginia Senator Jay Rockefeller to get them to believe he wouldn’t destroy their economies.  But now that he’s elected he’s free to break those promises and pursue ruinous policies.  Rockefeller is now saying of Obama that:

“he’s beginning to not be believable to me.”

But it’s like, “Sorry Sucker.”  When you vote like a fool, you receive a fool’s fate.

Anyway, maybe you thought, “Well, I’m not in a coal producing state,” or “I’m not in a coal-fired electric grid,” so you thought Obama’s shockingly bad energy policies didn’t matter.

But you’re still going to have to put gas in your car, and Obama’s going to see to it that it costs you a pretty penny to do it.

In fact, gas will have to rise to the European level prices of at least $7/gallon in order for Obama’s policies to impact CO2 levels as per his energy policy.  So you can bet that fuel prices will continue to rise, and rise, and rise.

We’ve had a clear call from the American people to drill for our own oil before.  The Democrats who stopped us from drilling in the first place went utterly nutjob ballistic -

With fewer than 20 legislative days before the new fiscal year begins Oct. 1, the entire appropriations process has largely ground to a halt because of the ham-handed fighting that followed Republican attempts to lift the moratorium on offshore oil and gas exploration. And after promising fairness and open debate, Pelosi has resorted to hard-nosed parliamentary devices that effectively bar any chance for Republicans to offer policy alternatives.

I’m trying to save the planet; I’m trying to save the planet,” she says impatiently when questioned. “I will not have this debate trivialized by their excuse for their failed policy.”

- in their campaign to prevent domestic energy production – until an overwhelming majority in American opinion made them change their tune.  And then they pledged that they would allow the offshore drilling ban to expire.

Only they didn’t, because Democrats are liars without shame.  Obama signed a brand new moratorium banning domestic drilling.  There will be no domestic energy production under his watch – unless you count the pathetic little toys he says he’ll build that won’t even put so much as a scratch our energy requirements.

Oh, Obama was perfectly willing to lie to us about domestic oil the same way he lied to Jay Rockefeller about domestic coal.  Lies come incredibly easy for Obama – especially since the lamestream propaganda won’t expose him – which leaves him free to tell a whopping load of them.

We have TRILLIONS of barrels of recoverable oil.

Democrats keep saying that there’s no point drilling for our own oil because it would take ten years for the oil to get into system and bring prices down.  First of all that isn’t true; energy companies say they could be up and running in only 3-4 years.  But even if we assume their ten-year figure, they’ve been saying it for decades – and if we’d drilled ten years’ ago, we’d have that oil in our system NOW, wouldn’t we?

Obama’s policy is based upon undermining oil, coal, and natural gas in order to foster the development of solar, wind, and other energy methods that the moonbeam crowd favor.

Here’s the problem: we can’t even BEGIN to address our energy needs with these “environmental” sources.  You get so much more energy at so much lower of a cost from oil, coal, and natural gas versus solar or wind that it isn’t even funny.

A couple of charts illustrate this point:

.

We need to harness our domestic energy.  We need oil, coal, and natural gas.

We’re not going to get them under Obama, or under any form of Democrat rule.

You can count on seeing a shocking trend of higher and higher gasoline prices, to go with a “necessary skyrocketing” of our energy prices, under Barack Obama.

At least until we vote Democrats out of office.

75 Facts Showing Global Warming Is Psuedo-Science

February 25, 2010

Josh Fulton has this excellent refutation of global warming on his blog.  I suggest going to his site, because there is additional information contained in the comments to the article.

75 reasons to be skeptical of “global warming”


* Carbon dioxide contributes to only 4.2 – 8.4% of the greenhouse gas effect

* Only approximately 4% of carbon dioxide is man-made

* Water vapor accounts for 90 – 95% of the green house gas effect


* 99.99% of water vapor is natural, meaning that no amount of deindustrialization could get rid of it

* There have been many times when the temperature has been higher than it is now including the Medieval Warming Period, the Holocene, the Jurassic, and the Eemian

* Increases in carbon dioxide follow increases in temperature by about 800 years, not precede them

* Phil Jones of the Hadley CRU, and key figure in the “climategate” scandal, admits that there has been no “statistically significant” global warming since 1995

* 2008 and 2009 were the coolest two years of the decade

* During the Ordovician period carbon dioxide concentrations were twelve times what they are now, and the temperature was lower

* Solar activity is highly correlated with temperature change:

* Studies show that half of all recent warming was solar

* Mars has warmed about 0.5°C since the 1970’s, approximately the same that earth has warmed over the same period

* The 0.7°C increase in temperatures over the last century is entirely consistent with well-established, long-term, natural climate trends


* The distance between Earth and Sun changes every year, affecting the amount of energy the earth receives

* Earth’s tilt oscillates between 21.4° and 24.8°, which affects the distribution of the sun’s energy

* Dr. Roy Spencer has written that clouds have been a more important driver of climate than carbon dioxide since 2000

* Approximately 40% of the uncertainty in temperature projections come from uncertainty in the strength of the “feedback loop” between temperature and carbon dioxide. Recent research suggests the “feedback loop” is less than half as strong than many had presumed

* James Hansen of NASA said in a simulation of temperatures from 1880 to 2000 soot accounted for 25% of observed global warming

* Research suggests that soot could have nearly as much impact on climate change as carbon dioxide

* Antarctica has 90% of earth’s ice and it is growing

* Arctic sea ice has returned to 1979 levels, which is when records began

* The Arctic ice caps have recovered from their loss in 2007

* The Arctic is now 1°C cooler than it was in the 1940’s

* Polar bear populations are increasing

* Polar bears are able to swim over 60 miles continuously

* Sea level 81,000 years ago was 1 meter higher than it is now while carbon dioxide levels were lower

* A chart of sea level change over millions of years looks like this:



* According to satellite data, sea level has been decreasing since 2005

* Instead of hurting forests, the increased level of carbon dioxide has been helping them grow

* The official “record” for temperatures only goes back 150 years

* Although the IPCC may have 2500 members, only approximately 800 contribute to the scientific writing of the report

* Only 52 scientists contributed to the 2007 IPCC summary for policy makers, although diplomats from over 115 countries contributed

* Only 20% of the members of the IPCC deal with climate science

* Head of the IPCC, Dr. Rajendra Pachauri has no background in climate science. His PhD is in economics and he worked as a railway engineer before becoming head of the IPCC

* Former IPCC lead author Ben Santer openly admits that he altered portions of the 1995 IPCC report to make them “consistent with the other chapters”

* John Christy, former lead author on the 2001 IPCC report, speaks of his former co-lead authors deliberately trying to sensationalize the report

*Richard Lindzen, another lead author on the 2001 IPCC report, accused the IPCC of being “driven by politics”

* Michael Mann’s “hockey stick” graph, which was featured prominently in the 2001 IPCC report, was created using only portions of a data set. The red line is the graph of Mann’s selected data, while the black line is the graph of all the data:


* When asked to act as an expert reviewer on the IPCC’s last two reports, Dr. Nils Axel-Morner was “astonished to find that not one of their 22 contributing authors on sea levels was a sea level specialist”

* Until 2003, the IPCC’s satellite-based evidence showed no upward trend in sea level, so they used an increase of 2.3mm in one Hong Kong tide-gauge to adjust the entire global sea level up 2.3mm

* The IPCC’s claim that the Himalayan glaciers were melting was based off of a phone interview with a non-scientist. They were forced to retract the claim

* The IPCC claim that global warming was led to increased natural disasters was based on an unpublished report that had not been subject to peer-review. They were forced to retract the claim

* The IPCC’s claim that global warming was going to lead to deficiencies of up to 50% in African agriculture was based on a non-peer-reviewed and non-scientific paper. They were forced to retract the claim

* The IPCC’s claim that “up to 40% of the Amazonian forests could react drastically to even a slight reduction in precipitation” was based on a non-peer-reviewed and non-scientific paper. They were forced to retract the claim

* The IPCC reported that 55% of the Netherlands was below sea level when just 26% of the country is below sea level. They were later forced to retract the claim

* According to the United States Historical Climatology Network (USHNC,) 90% of US climate-monitoring surface stations have been found to be “poorly situated,” meaning that they have a margin of error greater than 1°C, more than the global warming in the entire 20th century. (The US surface data is generally considered the best surface data in the world):



* Many climate-monitoring surface stations are in locations that look like this:

* Temperature measurements from climate-monitoring surface stations are collected by hand. At one surface station in California, Anthony Watts found that only data from 14 out of 31 days had been completed in a month

* If a surface station is missing data for a particular day, data from surrounding surface stations is used to fill-in. Since 90% of all surface stations are poorly situated, even if a surface station itself is not poorly situated, if its data is missing for a day, there is a very good chance its temperature will be calculated using data from surface stations that are poorly situated

* In April 1978, there were 6,000 climate-monitoring surface stations. There are now about 1,200

* The vast majority of climate-monitoring stations that were lost were rural ones, which have been shown to give the most accurate data:


* The raw data is “adjusted” by a computer program. The net effect of this “adjustment” has been to increase the “adjusted” numbers over the “raw” numbers by .5°F, an increase that has been growing year by year:


* Difference between the USHCN “raw” data (in blue) and NASA “homogenized” data (in red):

* According to a leaked email in “climategate,” “temperatures in Darwin [a monitoring station in Australia] were falling at 0.7 Celsius per century […]but after the homogenization, they were warming at 1.2 Celsius per century. [...][W]hen those guys “adjust,” they don’t mess around.”

* According to a leaked email in “climategate,” computer programmer Harry Harris called the CRU data set “hopeless,” and said “the rest of the databases seem to be in nearly as poor a state as Australia was. [...]This whole project is SUCH A MESS. No wonder I needed therapy!!”

* When looking at source code leaked in “climategate” used to “process” and “adjust” temperatures, software engineer John Graham-Cumming said he found at least five errors and “wouldn’t trust it”

* The Hadley CRU, the institution at the center of the “climategate” scandal, threw out original temperature data because it claimed it did not have “storage space”

* In 1990, Dr. Phil Jones, the man at the center of the “climategate” scandal, contributed to a paper arguing that the effect of urban warming in eastern China was “negligible.” This became a key reference source for the IPCC. It turns out that 49 of the 84 climate-monitoring stations used for this report had no history of their locations or other details. This included 40 of the 42 rural stations. Of the rest, 18 had “certainly been moved” during the study period, including one that was moved five times over a total distance of 41 km. When Jones “re-examined” data in the same area for a 2008 paper, he found that urbanization was responsible for 40% of the warming found from 1951 to 2004

* Ross McKitrick and Patrick Michaels have argued that half of the global warming trend from 1980 to 2002 is caused by urban warming

* The Hadley CRU has been accused of using data from just 25% of Russia’s surface stations, deliberately overstating Russia’s warming by .64°C between the 1870’s and 1990’s

* According to emails leaked in “climategate,” when “Climate Research” published articles by global warming skeptics, Phil Jones and others urged scientists to “stop considering ‘Climate Research’ as a legitimate peer-reviewed journal”

* William Connolly, a Wikipedia administrator and co-founder of Realclimate.org, a website that supports the theory of anthropogenic global warming, “touched” over 5,400 Wikipedia articles, routinely omitting voices that were skeptical of global warming

* Large computer climate models are unable to even simulate major features of past climate such as the 100 thousand year cycles of ice ages that have dominated climate for the past 700 thousand years

* This is a picture of what Britain looked like in the summer of 2009 when its sophisticated climate “supercomputer” had predicted a “barbeque summer”:

* The US government spends over $2.5B funding climate research every year, and over $7B when grants for technology, tax breaks, and foreign aid are included (this is while Exxon gave $22M to global warming skeptics over a 10 year period)

* Many scientist assert that government grant money is given preferentially to advocates of man-made global warming

* Bart Chilton, a CFTC commissioner, said “carbon markets could be worth $2 trillion in transaction value – [...]within five years of trading (starting). [...]That would make it the largest physically traded commodity in the US, surpassing even oil”

* The owners of the trading floor where the carbon credits will be traded, including Goldman Sachs and Al Gore, stand to earn trillions if cap-and-trade is passed


* The cap-and-trade bill allows the government police powers to come into your home and inspect it for “energy efficiency,” and to fine you every day your home is not compliant

* Australian homes now have to undergo a mandatory energy-efficiency assessment – costing up to $1500 per property – before they can be sold or rented under new laws to tackle carbon emissions

* UN Secretary General Ban Ki-Moon has called for “global governance structure” to monitor greenhouse gases, which everyone on the planet emits with every exhale

* The United Nations forecasts that the global population will rise, peak and then decline between 2050 and 2300 to just under 9 billion

* Despite proclamations that there is a “consensus” and the debate is “settled,” 18% of scientists surveyed in the last poll trying to discern scientific opinion do not believe in man-made global warming

* 45% of Americans think global warming is man-made, down 9% from just half a year earlier

* In the court case Dimmock v Secretary of State for Education and Skills, a British judge ruled that there were nine “inaccuracies” in An Inconvenient Truth, including Gore’s claim that sea level could rise by up to 20 ft. The IPCC’s own report predicted a maximum rise of 59cm in sea level over 100 years. The Science and Public Policy Institute has taken issue with thirty five of Gore’s claims in An Inconvenient Truth

* Al Gore bought a $4M condo feet from ocean in Fisherman’s Wharf, San Fransisco, a city he had explicitly warned about in An Inconvenient Truth

Hmm, well, that’s suspicious, but I suppose that doesn’t matter if he tells us it’s alright.

I have a couple of articles that are now several months old, but which report information contained in the incredible book, Unstoppable Global Warming Every 1,500 Years:

What the Science REALLY Says About Global Warming

What You Never Hear About Global Warming

Dishonest Obama Administration Lies Re: People’s Demand To Harness America’s Oil Resources

February 9, 2010

From Big Government.com

Drillgate: Internal Emails Shows Obama Team Lying to Public
by Vince Haley

If you’re the President of the United States or one of his political appointees and you’re ideologically opposed to new oil and natural gas development offshore, what do you do when the public registers its overwhelming support for new drilling in public opinion polls?

You dance, delay, and deceive. You speak melodious words about seeking the wisdom of the public in making these decisions and then ignore evidence of the public will when you get it, or worse, you hide it.

First came the dance.  In August 2008, after soaring gas prices and a dramatic shift in public opinion caused President Bush, Florida Governor Charlie Crist, and Republican presidential candidate John McCain to reverse their positions on offshore drilling, then-Senator Obama also changed. The Democratic presidential nominee reversed his own position and that of his party, saying he was open to offshore drilling as part of an overall energy plan.  The Democratic Congress followed a month later by quietly dropping the 25-year Congressional ban on offshore drilling.

Then came the delay. In January 2009, President Obama inherited a draft five year offshore drilling plan prepared by the outgoing Bush administration.  The plan was already receiving public comment as part of the elaborate rule making process followed by federal agencies.  Ken Salazar, Obama’s new Secretary of Interior, determined the decision about new offshore drilling was so important that he ordered a six-month extension to the comment period.

Third comes the dishonesty.

In April of 2009, during a discussion about offshore exploration in San Francisco, Salazar said that President Obama directed him to “to make sure that we have an open and transparent government” and that “these are not decisions that are going to be made behind closed doors.” Salazar went on to say that President Obama wanted to make sure that DOI was “maximizing the opportunity for the public to give us guidance on what it is that they want to do.”

Yet, more than four months after the comment period ended, the Department of the Interior has failed to make any public announcement about the results, even though sources have told American Solutions for months the comments show a 2-1 advantage in support of offshore drilling.

It took American Solutions almost four months and the power of the Freedom of Information Act to finally uncover indirect confirmation that, out of over 530,000 comments submitted, pro-drilling comments outnumbered anti-drilling comments by a 2-1 margin.

In an email dated October 27, 2009, Liz Birnbaum, director of the Minerals Management Service, informs other Interior officials that a preliminary tabulation of the results of the comment period had not yet gone to Secretary Salazar, adding “[s]o the Secretary can honestly say in response to any questions that he’s [SIC] has not yet seen the analysis of the comments – staff is still working on it. I did, however, confirm to him the 2-1 split that these guys [at American Solutions] are emphasizing.”

When a public employee is on record condoning purposeful deception of the American people, the taxpayer should no longer have to fund his or her job.  Secretary Salazar should immediately fire Liz Birnbaum for purposefully deceiving him, and in turn, the American people.  It’s not possible for the Secretary to honor pledges of openness, honestly, and transparency in government if his staff is going to deliberately undermine such pledges.

Public opinion polls already measure near 70% support for offshore drilling, so the results from a public comment period that reflect the same public sentiment should not be surprising.  But after all this talk of wanting the public’s input, Secretary Salazar and his team must find it a real stumbling block to have to explain all their anti-energy development actions in light of the comment period results to which they previously attached such great importance.

This newly gained insight into the anti-energy exploration mindset within the Department of the Interior allows a new perspective of President Obama’s mention of offshore development in his recent State of the Union address.  Here is the one paragraph in which the President described offshore development:

But to create more of these clean energy jobs, we need more production, more efficiency, more incentives. And that means building a new generation of safe, clean nuclear power plants in this country.  It means making tough decisions about opening new offshore areas for oil and gas development. It means continued investment in advanced biofuels and clean coal technologies.  And, yes, it means passing a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America.

To the passive listener, it sounded like President Obama expressed at least rhetorical support for offshore drilling.

But the President only says we must make “tough decisions” on offshore drilling, deliberately refusing to apply that standard to other decisions on energy.

But tough for whom? Certainly not for the public that overwhelmingly supports more offshore drilling.

Indeed, the only person facing a tough decision is the President since an important part of his political base is opposed to new American energy development.

Bucking public opinion would indeed be a tough decision for this President, but he has shown himself quite comfortable with bucking public opinion to pursue stunningly unpopular policies on health care and cap and trade.

In short, it’s a fair conclusion that the tough decisions the President identified in his State of the Union was his intended decision not to pursue any new offshore oil and gas development. The actions by Salazar and his team are entirely consistent with that conclusion.

What makes all of this dispiriting, especially this month, is that with 15 million Americans out of work and with the President’s recently submitted budget projecting trillion dollar annual deficits for the next ten years and a near tripling of the national debt by 2020, the President is throwing away a golden opportunity over the next three decades to create millions of new jobs and generate more than $270 billion in annual economic growth from new oil and gas development, including $54 billion annually in federal tax receipts that could help lower the federal deficit and the national debt.

These extraordinary benefits of job creation and economic growth – all without requiring any federal spending – are, sadly, not on President Obama’s agenda, notwithstanding all the phony rhetoric to the contrary.

Indeed, we can look forward to the President’s continued strategy of dance, delay, and deceive.

In contrast to opening up our vital oil fields, which would have a huge positive impact in terms of both jobs, the economy, and our national security, it is interesting to compare Obama’s energy policy.

In Obama’s own words:

“You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”

You had a chance to decide which policy you wanted 16 months ago – and you chose national bankruptcy.

We voted for this foolish clown.  I guess we deserve to suffer until he’s finally, mercifully gone.

In Hindsight Of Massachusetts, Who Presented The Truth: Obama, Or Fox News?

January 22, 2010

A lot of things will change because of the election – mostly by Independents and even Democrats – of Republican Scott Brown in Massachusetts.

A lot of things that Democrats and the lamestream media believed were irrefutably true have been shockingly and conclusively demonstrated to have been totally false.

Did the voters in even the bluest of blue states like the Obama agenda?  No.  Did they like his health care boondoggle?  No.  Did they like the Democrats’ massive spending?  No.  Did they like the huge tax increases they see coming?  No.  Did they like the way Obama was handling terrorism?  No.

And that is now a carved-in-stone fact.  It follows the reality demonstrated by the previous statewide elections in Virginia and New Jersey.  Three states that voted for Obama in large numbers have now turned against him and ignored his personal appeals to vote for Democrats.

Pretty much exactly what Fox News was accurately reporting all along.

The mainstream media, the Democrat establishment, and the Obama White House have been lying to you.  They have been spreading propaganda.  They have advanced demagoguery.  They have broadcast their agenda rather than reality.  Fox News, virtually alone, has been reporting the facts all along.

Barack Obama promised that he would change the poisonous political dynamic and create a new era of bipartisanship.  Back in March of 2008, the New York Times correctly identified this as the CORE of Barack Obama’s promise to the American people.  But he lied.

Did Obama even attempt to live up to his core promise?  Not even close.

“Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” he admonished in a speech.

That speech – with that hard core partisan attack – was delivered within less than THREE WEEKS of his taking office.  Obama was claiming that Republicans didn’t even have a right to present their ideas, much less have any of their ideas or contributions considered.  Some attempt at “bipartisanship.”

And it wasn’t long before he expanded his demagoguery to include ordinary Americans and the Fox News network.  Obama attacked Tea Party demonstrators who were already unhappy with the direction Obama was leading the country, and he attacked the only news network that was reporting the actual truth:

At first it was reported that President Barack Obama wasn’t even aware of the nationwide Tea Party protests that occurred on April 15. But now he’s out criticizing them and the Fox News Channel.

In a town hall meeting in St. Louis on April 29, Obama was asked about fiscal discipline and entitlement reform. In his response, he took a shot at the Fox News Channel and the tea party movement, insisting he’s “happy to have a serious conversation” with them.

So, when you see – those of you who are watching certain news channels that on which I’m not very popular and you see folks waving tea bags around, let me just remind them that I am happy to have a serious conversation about how we are going to cut our health care costs down over the long term, how we are going to stabilize Social Security,” Obama said.

As has now been conclusively demonstrated in three separate statewide races in states that Obama had easily carried, the Tea Party protesters represent the will of the people, and Obama represents what the people don’t want.

Obama said, “we need a leader who can finally move beyond the divisive politics of Washington and bring Democrats, independents and Republicans together to get things done.”  And then he launched one attack after another against the American people and the press that was accurately reporting the facts.

Obama was like a pathological narcissist who couldn’t emotionally handle even the most legitimate criticism from Fox News.

Interviewed on CNBC Tuesday, President Obama vented his displeasure with FOX News, the cable network whose own senior vice president of programming has called it “the voice of the opposition” to the Obama administration. Here’s Obama:

“First of all, I’ve got one television station entirely devoted to attacking my administration.”

Clearly referring to FOX, the president continued:

“Well, that’s a pretty big megaphone,” he said. “And you’d be hard-pressed, if you watched the entire day, to find a positive story about me on that front.

“We welcome people who are asking us some, you know, tough questions,” he continued. “And I think that I’ve been probably as accessible as any president in the first six months — press conferences, taking questions from reporters, being held accountable, being transparent about what it is that we’re trying to do. I think that, actually, the reason that people have been generally positive about what we’ve tried to do is they feel as if I’m available and willing to answer questions, and we haven’t been trying to hide them all.”

But Obama was lying then, too.

This is the guy who is on video promising on at least eight separate occasions that he would put the health care debate on C-SPAN.  He didn’t.

The Obama-led Democrat “negotiations” (read ‘bribe sessions’) have been so closed and so secretive that even senior Democrats confess that they have been “in the dark.”

In fact, his lack of transparency and openness is literally comical.  This is the administration that literally had this: “a workshop on government openness is closed to the public.”

A separate laughable incident of Obama’s total lack of transparency comes via the LA Times blogs:

After a recent public sighting, fears had mounted that the one-time, long-term senator might rebel against traditional White House strictures and start acting on all the administration’s oft-promised promises of government transparency and official openness running back into 2008.

But the VP’s public schedule today puts all those fears to rest. [...]

DAILY GUIDANCE FOR THE VICE PRESIDENT, Thursday, January 14, 2010:

In the morning, the President and the Vice President will receive the Presidential Daily Briefing and the Economic Daily Briefing in the Oval Office. These briefings are closed press.

At 11:30 AM, the Vice President will meet with Secretary of Transportation Ray LaHood to discuss the American Recovery and Reinvestment Act. This meeting is closed press.

Afterwards, the President and the Vice President will have lunch in the Private Dining Room. This lunch is closed press.

At 1:00 PM, the Vice President will meet with Iraqi Vice President Adil Abd al-Mahdi in the Roosevelt Room. There will be a pool spray at the bottom of this meeting; gather time is 1:45 PM in the Brady Briefing Room.  [But note: the LA Times defines "pool spray" as "a coded message to media that a few select members will be allowed in to take pictures briefly -- possibly for only a few seconds -- as Biden and his guest pretend to continue their previously private conversation as if the meeting was open."]

(UPDATE 2:20 p.m.: The White House issued its own report on this closed meeting. Both paragraphs are added below at the end of the VP’s schedule.)

Then, at 2:15 PM, the Vice President will meet with Earl Devaney, chairman of the Recovery Act Transparency and Accountability Board. This meeting is closed press.    ###

In October, Democrats hypocritically touted their transparency immediately ahead of a closed-door meeting in which they secretly hammered out details of their ObamaCare boondoggle.

There have been a LOT of secretive closed-door meetings from this most transparent of all administrations.

CBS eventually and correctly concluded that “Obama Reneges On Health Care Transparency.”

Fox News was so far ahead of CBS on that story that it was like a cheetah racing a goldfish at a dog track.

Obama dramatically escalated his demagoguery in October:

Updated October 19, 2009
White House Urges Other Networks to Disregard Fox News

Senior Obama administration officials took to the airwaves Sunday to accuse Fox News of pushing a particular point of view and not being a real news network.

The White House is calling on other news organizations to isolate and alienate Fox News as it sends out top advisers to rail against the cable channel as a Republican Party mouthpiece.

Top political strategists question the decision by the Obama administration to escalate its offensive against Fox News. And as of Monday, the four other major television networks had not given any indication that they intend to sever their ties with Fox News.

But several top White House officials have taken aim at Fox News since communications director Anita Dunn branded Fox “opinion journalism masquerading as news” in an interview last Sunday.

White House chief of staff Rahm Emanuel told CNN on Sunday that President Obama does not want “the CNNs and the others in the world [to] basically be led in following Fox.”

Obama senior adviser David Axelrod went further by calling on media outlets to join the administration in declaring that Fox is “not a news organization.”

“Other news organizations like yours ought not to treat them that way,” Axelrod counseled ABC’s George Stephanopoulos. “We’re not going to treat them that way.”

Asked Monday about another Axelrod claim that Fox News is just trying to make money, White House Press Secretary Robert Gibbs said that while all media companies fall under that description, “I would say sometimes programming can be tilted toward accentuating those profits.”

But by urging other news outlets to side with the administration, Obama officials dramatically upped the ante in the war of words that began earlier this month with Dunn’s comments.

So Obama official after Obama official, and then Obama himself, denounce Fox News as “pushing a particular point of view.”

For Fox News, that “particular point of view” has been the truth – something the Obama administration utterly fails to comprehend.

What Obama wants is for Fox News to advance the same pro-liberal propaganda that so much of the rest of the media has dumped onto the airwaves like cafeteria slime.

Again, the proven, documented results of elections in Virginia, New Jersey, and now the incredible result of Massachusetts, prove that Fox News was telling the truth about what was going on all along.

The replacement for White House communications director Anita Dunn – who attacked the credibility of Fox News even as she declared that mass-murdering communist tyrant Mao Tse Tung was one of her two favorite philosophersis right back to playing the demagogue for Barack Obama.

Based on their reaction, it is readily apparent that Obama cannot see through his ideological propaganda, and will therefore continue to sink in power and popularity.  Meanwhile, Fox News, as the dominant reporter of the truth, will continue to grow in both power and profitability.

Note To Democrats From Founding Fathers: ‘Please Stop Making Us Spin In Our Graves’

January 3, 2010

(CNSNews.com)When CNSNews.com asked House Speaker Nancy Pelosi (D-Calif.) on Thursday where the Constitution authorized Congress to order Americans to buy health insurance–a mandate included in both the House and Senate versions of the health care bill–Pelosi dismissed the question by saying: “Are you serious? Are you serious?”

Pelosi then shook her head before taking a question from another reporter. Her press spokesman, Nadeam Elshami, then told CNSNews.com that asking the speaker of the House where the Constitution authorized Congress to mandated that individual Americans buy health insurance as not a “serious question.”

“You can put this on the record,” said Elshami. “That is not a serious question. That is not a serious question.”

I can’t help but be reminded by something Thomas Jefferson said:

“The Tenth Amendment is the foundation of the Constitution.”

And what does the 10th Amendment say?  Only this:

“The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people”

You can understand why Nancy Pelosi couldn’t care less about the Constitution, or its limitations on the exercise of government power.  Thomas Jefferson also said, “Let’s hear no more about the confidence in men but to bind them down by the chains of the Constitution.”  That phrase was intended to underscore the role of the Constitution as chains to any who would try to impose more government on the people.  But Nancy Pelosi and the Democrat Party have thrown off the “chains of the Constitution.”  They believe that confidence in men is just fine – as long as those men are liberals and socialists who impose massive government and massive bureaucracies through which they seek to empower themselves and control the people.  And everything they are trying to do makes a mockery of the Constitution.

And, after all, Nancy Pelosi’s president — a man liberals believe is greater than Jesushas pronounced that the Constitution is deeply flawed.

“I think we can say that the Constitution reflected an enormous blind spot in this culture that carries on until this day, and that the Framers had that same blind spot. I don’t think the two views are contradictory, to say that it was a remarkable political document that paved the way for where we are now, and to say that it also reflected the fundamental flaw of this country that continues to this day.”

One wonders how Barack Obama could swear to uphold and defend a document that he himself has publicly held to have deep flaws and reflect an enormous blind spot.  It would seem that his oath amounted to “just words.”

Under Barack Obama and the Democrat-dominated Congress, we are seeing government spending, government debts, and government deficits soar beyond anything ever before seen in the history of the human race.

The excellent work on the Constitution and its history by W. Cleon Skousen entitled The 5000 Year Leap has an amazing thesis in light of what we are seeing from our government today:

Since the genius of the American system is maintaining the eagle in the balanced center of the spectrum, the Founders warned against a number of temptations which might lure subsequent generations to abandon their freedoms and their rights by subjecting themselves to a strong federal administration operating on the collectivist Left.

They warned against the “welfare state” where the government endeavors to take care of everyone from the cradle to the grave.  Jefferson wrote:

“If we can prevent the government from wasting the labors of the people, under the pretense of taking care of them, they must become happy.”

They warned against confiscatory taxation and deficit spending.  Jefferson said it was immoral for one generation to pass on the results of its extravagance in the form of debts to the next generation.  He wrote:  “…we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves;  and consequently within what may be deemed the period of a generation, or the life [expectancy] of the majority.”

Every generation of Americans struggled to pay off the national debt up until the present one.

Let us see what the founding fathers who wrote our Constitution said that liberals so eagerly and so cavalierly wish to dismiss from the people’s attention:

“I am for a government rigorously frugal and simple, applying all the possible savings of the public revenue to the discharge of the national debt, and not for a multiplication of officers and salaries merely to make partisans, and for increasing, by every device, the public debt on the principle of its being a public blessing.” — Thomas Jefferson letter to Elbridge Gerry, January 26, 1799

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“To preserve our independence, we must not let our rulers load us with perpetual debt.” — Thomas Jefferson

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“As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible.” — George Washington, Farewell Address, September 17, 1796

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“If we can prevent the government from wasting the labors of the people, under the pretense of taking care of them, they must become happy.” — Thomas Jefferson, to Thomas Cooper, January 29, 1802

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“[W]ith all these blessings, what more is necessary to make us a happy and a prosperous people?

Still one thing more, fellow citizens — a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities.” — Thomas Jefferson, First Inaugural Address, March 4, 1801

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“He that goes a borrowing goes a sorrowing.”  Benjamin Franklin, from his writings, 1758

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“We are endeavoring, too, to reduce the government to the practice of a rigorous economy, to avoid burdening the people, and arming the magistrate with a patronage of money, which might be used to corrupt and undermine the principles of our government.”– Thomas Jefferson, letter to Mr. Pictet, February 5, 1803

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“With respect to the words general welfare, I have always regarded them as qualified by the detail of powers connected with them. To take them in a literal and unlimited sense would be a metamorphosis of the Constitution into a character which there is a host of proofs was not contemplated by its creators.” — James Madison

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“My reading of history convinces me that most bad government results from too much government.” –Thomas Jefferson

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“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.” –Thomas Jefferson

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“I go on the principle that a public debt is a public curse.” — James Madison letter to Henry Lee, April 13, 1790

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“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” — Thomas Jefferson to John Taylor, 1816. ME 15:23

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“When the people find they can vote themselves money, that will herald the end of the republic.” — Benjamin Franklin

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“Experience has proved to us that a dollar of silver disappears for every dollar of paper emitted.” –Thomas Jefferson to James Monroe, 1791. ME 8:208

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“If the debt which the banking companies owe be a blessing to anybody, it is to themselves alone, who are realizing a solid interest of eight or ten per cent on it. As to the public, these companies have banished all our gold and silver medium, which, before their institution, we had without interest, which never could have perished in our hands, and would have been our salvation now in the hour of war; instead of which they have given us two hundred million of froth and bubble, on which we are to pay them heavy interest, until it shall vanish into air… We are warranted, then, in affirming that this parody on the principle of ‘a public debt being a public blessing,’ and its mutation into the blessing of private instead of public debts, is as ridiculous as the original principle itself. In both cases, the truth is, that capital may be produced by industry, and accumulated by economy; but jugglers only will propose to create it by legerdemain tricks with paper.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:423

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“It is a [disputed] question, whether the circulation of paper, rather than of specie [gold,silver], is a good or an evil… I believe it to be one of those cases where mercantile clamor will bear down reason, until it is corrected by ruin.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:409

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“To contract new debts is not the way to pay for old ones.”– George Washington letter to James Welch, April 7, 1799

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“The maxim of buying nothing without the money in our pockets to pay for it would make of our country one of the happiest on earth.” — Thomas Jefferson to Alexander Donald, 1787. ME 6:192

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The democracy will cease to exist when you take away from those who are willing to work and give to those who would not. — Thomas Jefferson

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“I am for doing good to the poor, but I differ in opinion of the means. I think the best way of doing good to the poor, is not making them easy in poverty, but leading or driving them out of it. In my youth I traveled much, and I observed in different countries, that the more public provisions were made for the poor, the less they provided for themselves, and of course became poorer. And, on the contrary, the less was done for them, the more they did for themselves, and became richer.” — Benjamin Franklin, On the Price of Corn and Management of the Poor, November 1766

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“Repeal that [welfare] law, and you will soon see a change in their manners. St. Monday and St. Tuesday, will soon cease to be holidays. Six days shalt thou labor, though one of the old commandments long treated as out of date, will again be looked upon as a respectable precept; industry will increase, and with it plenty among the lower people; their circumstances will mend, and more will be done for their happiness by inuring them to provide for themselves, than could be done by dividing all your estates among them.” — Benjamin Franklin letter to Collinson, May 9, 1753

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“I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.” — Thomas Jefferson

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“I hope a tax will be preferred [to a loan which threatens to saddle us with a perpetual debt], because it will awaken the attention of the people and make reformation and economy the principle of the next election. The frequent recurrence of this chastening operation can alone restrain the propensity of governments to enlarge expense beyond income.” — Thomas Jefferson to Albert Gallatin, 1820.

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“If Congress can employ money indefinitely to the general welfare… they may appoint teachers in every state… The powers of Congress would subvert the very foundation, the very nature of the limited government established by the people of America.” — James Madison

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“I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious.” –Thomas Jefferson

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“The same prudence, which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public monies.” — Thomas Jefferson letter to Shelton Giliam, June 19, 1808

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“It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense. … They are themselves always, and without any exception, the greatest spendthrifts in the society.” — Adam Smith, “Wealth of Nations,” Book II, Chapter II

“Every discouragement should be thrown in the way of men who undertake to trade without capital.” — Thomas Jefferson to Nathaniel Tracy, 1785. Papers 8:399

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“It is a miserable arithmetic which makes any single privation whatever so painful as a total privation of everything which must necessarily follow the living so far beyond our income.” –Thomas Jefferson to William Hay, 1787. ME 6:223

Barack Obama and the Democrats have been offering a disingenuous and dishonest thesis: that they are spending insane amounts of money to save money.  They touted their massive $787 billion (and really $3.27 trillion!!!) stimulus as an “investment” in jobs.  Jobs that never came.  And now a solid plurality of Americans agree that massive stimulus pork bill HURT the economy.  That realization is coming even as the facts are increasingly emerging that the Democrats have been using the stimulus to reward themselves in pork-style politics EXACTLY AS THOMAS JEFFERSON WARNED.

And now they are touting their health care bill – and the gimmickry they have played to make it appear “deficit neutral” over the long haul – and their cap-and-trade legislation, to say that their massive spending is really an “investment” in the future as well.

Don’t buy their spin.

Stop the madness.  Stop the depraved and insane spending.  Stop the Democrats from imposing a socialist agenda that will take away our freedoms and tax us into oblivion all in the name of helping us.

Stop the founding fathers from having to spin in their graves.

It has often occurred to me these past months that the founding fathers were willing to fight in order to throw off tyranny that were virtually nothing compared to the onerous ones we are being fitted with today.

With Eyes Finally Wide-Open, Reconsider Why The Economy Collapsed In The First Place

December 31, 2009

We are now able to see that from the very beginning of the Obama administration, the Republican Party has again and again demonstrated that they were completely right and Democrats were completely wrong.  Whether you look at the stimulus, cap-and-trade, bogus climate change claims, health care, or terrorism, Americans now solidly agree that Republicans were represent the people; and that Democrats do NOT represent the people.

Right now, a solid plurality of Americans thinks the stimulus (that 99% of Republicans voted against) harmed the economy.  And the people are starting to realize what an ideological partisan slush fund the stimulus was (also predicted by Republicans).

When Obama was elected, unemployment was at 6.6%.  He promised that his stimulus would prevent unemployment from reaching 8%.  And now it’s at 10%, and it’s going to get higher.

Obama demagogued Bush’s spending.  But Bush deficits -bad as they were – were only 2-3% of GDP.  Obama’s deficits are 12.8% of GDP – which is five to six times higher.

Now that your eyes are finally beginning to open wide and see Obama and the Democrats for who and what they truly are, let me point out a few things about the past collapse.

What Americans – and particularly Americans who actually vote – need to realize is that Democrats were trying to do this kind of crap and play these kind of games all along.  They were trying to do it throughout the Bush years, when George Bush tried 17 times to regulate the out of control and Fannie-Mac-and-Freddie-Mae-dominated housing mortgage markets – and Democrats thwarted him over and over again.

Why do I mention the Government Supported Enterprises (GSEs) Fannie Mae and Freddie Mac?  Because they were at the very heart of the mortgage meltdown.

The LA Times writes on May 31, 1999 that:

Lenders also have opened the door wider to minorities because of new initiatives at Fannie Mae and Freddie Mac–the giant federally chartered corporations that play critical, if obscure, roles in the home finance system. Fannie Mae and Freddie Mac buy mortgages from lenders and bundle them into securities; that provides lenders the funds to lend more. . . .

LaVaughn M. Henry, Ph.D. Director, U.S. Economic Analysis The PMI Group, Inc. December 9, 2008, pointed out:

The Role of the GSEs is to provide liquidity and stability to the U.S. housing and mortgage markets. Step 1 Banks lend money to Households to purchase and refinance home mortgages Step 2 The GSEs purchase these mortgage from the banks Step 3 GSEs bundle the mortgages into mortgage-backed securities Step 4 GSEs sell mortgage-backed and debt securities to domestic and international capital investors Step 5 Investors pay GSEs for purchase of debt and securities Step 6 GSEs return funds to banks to lend out again for the issuance of new mortgage loans.

It was steps 3-5 that messed us up.  Fannie and Freddie bought mortgages – including many mortgages that poor and minority homeowners couldn’t begin to afford under the mandate of the Community Reinvestment Act – bundled them such that no one could assess their risk, and then sold them to private companies such as Bear Stearns and Lehman Brothers.  Fannie and Freddie were exempt from SEC [Securities and Exchange Commission] regulations.   The GSEs could bundle up mortgages, which would then be rated AAA, with no requirement to make clear what was in the bundle.  Private companies believed that the bundled securities were guaranteed, since they were essentially being sold by the federal government.

But there were many who predicted that this system – created and maintained by Democrats – could explode.

From the New York Times in September 30, 1999:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.“

”From the perspective of many people, including me, this is another thrift industry growing up around us,”
said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.” . . .

And that is precisely what happened.  There was a downturn (and there will ALWAYS be downturns, won’t there?), and Fannie and Freddie were so leveraged that they collapsed and caused the collapse of the entire industry.  Financial experts anxiously pointed out that a decline of only 1.3% would bankrupt Fannie and Freddie because they were leveraged to the tune of 60%? to 78%.

Democrats were the priests and acolytes of the GSE system.  They protected it, and they were the ones who pressed all the buttons and pulled all the levers.

Keven Hasset concludes an article titled, “How the Democrats Created the Financial Crisis“, concludes by saying:

Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons.  Fannie and Freddie provided mounds of materials defending their practices.  Perhaps some found their propaganda convincing.

Watch this video showing how Goerge Bush and John McCain repeatedly warned of the economic collapse (length=4 min):

Watch this video of Democrats protecting and covering for Fannie Mae (length=8 min):

Here’s a video entitled “Burning Down the House: What Caused Our Economic Crisis?” (length=11 min)

And then we find that Barack Obama was in bed with Fannie and Freddie and their shockingly risky policies:

Who really exploded the economy in 2008, liberals or conservatives? Who do you think?  The liberal mainstream media allowed Democrats to blame George Bush simply because he was president at the time, never mentioning that the Democrats who controlled both the House and the Senate relentlessly opposed everything Bush tried to do; and it allowed Democrats to not have to account for the fact that they’d been in complete control of both the House and the Senate.  But remember that the economy went from outstanding to collapsed during the two years (2006-2008) that the Congress was under Nancy Pelosi and Harry Reid.  The unemployment rate was 4.4% when Republicans last ran Congress.  What is it now, three years of Nancy Pelosi and Harry Reid later?

Few people understand how huge Fannie and Freddie are, or how deeply burrowed they are in the mortgage industry.  But let me put it to you this way: the federal government now underwrites 9 out of 10 residential mortgages.

John McCain tried to warn us in 2006:

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

But he was ignored.

When George Bush first tried to regulate an already out-of-control liberal bastion of Fannie and Freddie, Barney Frank led the united Democrat opposition and said:

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

And just before Fannie and Freddie collapsed and brought down the entire housing mortgage industry with it creating the economic meltdown, Barney Frank – continuing to stop any regulation of Fannie and Freddie – said this:

REP. BARNEY FRANK, D-MASS.: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They’re not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.

Fannie Mae and Freddie Mac went completely bankrupt, and had to be bailed out by the government.  It had been Fannie and Freddie which had the sole authority to buy mortgages, bundle them into the mortgage-backed securities which ultimately exploded, and sell those securities to private companies (as I have already shown).  Just as it was Fannie and Freddie which had been the seller of subprime loans.

Democrats demonized and demagogued Republicans by blaming them for a mess that DEMOCRATS created.  And Republicans were to blame primarily because they didn’t do enough to stand up and courageously oppose the disaster that Democrats had created

A couple weeks ago the New York Times reported that Fannie and Freddie would get a whopping $800 billion to cover losses incurred under the Obama administration (and see another article on this $800 billion fiasco here):

Fannie Mae and Freddie Mac, which buy and resell mortgages, have used $112 billion — including $15 billion for Fannie in November — of a total $400 billion pledge from the Treasury. Now, according to people close to the talks, officials are discussing the possibility of increasing that commitment, possibly to $400 billion for each company, by year-end, after which the Treasury would need Congressional approval to extend it. Company and government officials declined to comment.

But it turned out that that was wrong.  Fannie Mae and Freddie Mac weren’t going to get $800 billion.  That won’t be nearly enough.  They are going to get an unlimited amount of funding (potentially in the trillions):

From the Wall Street Journal, December 26, 2009:

The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie MaeFreddie Mac over the next three years and stirred controversy over the holiday.

A Newsbuster article, entitled, “Relief Without Limits,” provides an excellent resource of facts and commentary on this incredible and terrifying development.

Remember the righteous outrage of Democrats and the Obama administration over the compensation of CEOs of private banks?  The Democrats don’t seem to mind when Fannie and Freddie execs get huge compensation packages.

The monster rises yet again, and larger and uglier and more dangerous than it has ever been before.  And just like the first time it collapsed, Democrats are in total control of it.  Fannie and Freddie stock went up significantly as the news was announced.  Watch it dwindle back to zero by the end of 2010.

We’re facing another tsunami of foreclosures in 2010.  And three mortgages get worse for every single one that improves.

And even uber-liberal sources like the Huffington Post are acknowledging that Obama’s policies have utterly failed:

Anatomy of a Failed Foreclosure Program (dated 12-07-09)

Just how badly is President Obama’s $75 billion foreclosure program working out? Consider these newly-released numbers: Out of every 100 homeowners who came to JPMorgan Chase for help under the program, just 15 have or will likely receive a permanent payment reduction.

What happened to the other 85? For every 100 trial plans initiated from April through September 2009 under the Home Affordable Modification Program:

  • 29 borrowers did not make all required payments under their trial plan;
  • 20 borrowers did not submit all documents required for underwriting;
  • 31 borrowers submitted all required documents but the documents did not meet HAMP underwriting standards, due to such things as missing signatures or nonstandard formats;
  • 4 borrowers were or are likely to be rejected for undisclosed reasons;
  • 1 borrower will not or is not likely to get their payment lowered.

The data comes from the prepared remarks bank officials plan to make Tuesday before the House Financial Services Committee. The testimony was posted Monday on the committee’s website.

It adds up to a brutal illustration of just how the HAMP program, which is supposed to reduce troubled homeowners’ monthly payments to 31 percent of their income, is failing.

Failing.  As in “failing grade.”  As in failed Obama presidency.

You still don’t know the half of it.  Obama’s $75 billion mortgage modification bailout is costing taxpayers an average of $870,967 PER HOUSE when the average house is worth only $177,900.

Famed analyst Meredith Whitney predicted that unemployment would rise to 13% or higher primarily due to the failure to contain the failure to deal with the mortgage industry:

Unemployment is likely to rise to 13 percent or higher and will weigh on the economy for several years, countering government efforts to stabilize the banking industry, analyst Meredith Whitney told CNBC. [...]

“We underestimate how much the whole economy is dependent on the mortgage industry, and that has to change,” Whitney said. “This is what happens when you delay the inevitable. We’re buying time here, but we’re not restructuring the economy.”

Under the radar, and against the objections of Republicans that was primarily covered only by C-SPAN, Democrats implemented and then fiercely protected policies that were almost guaranteed to doom our economy.  When the meltdown finally occurred, the same Democrats who created the black hole in the first place flooded the airwaves and blamed George Bush – whom they had already vilified and brought down through unrelenting attacks using the Iraq War as their main foil.

The propaganda worked, and Barack Hussein Obama – a politician who is more beholden to corrupt and frankly un-American entities like Fannie Mae and Freddie Mac, ACORN, and the SEIU than any president in history.

And now we’re truly paying for our stupidity.

Obama is taking the same policies that imploded our economy, and multiplied them by a factor of ten.  It’s only a matter of time before his policies create a rotten floor for our economy to plunge through all over again — only this time far, far worse than before.

Someone might say, “But look, Obama is rebuilding the economy.  He’s brought back the stock market, and things are getting better.”

First of all, they really aren’t getting better, and the Dow can drop a lot faster than it can rise (history lesson: there were several rises and crashes of the stock market during the Great Depression).  And second of all, if you loan me a few billion dollars to spread around, I can temporarily bring up the production of my local economy, too.

Just don’t expect either me or Barack Hussein to repay the loan when it comes due.

Obama has been compared – and has compared himself – to FDR.  We now know that for all of FDR’s popularity, his “reforms” during the Great Depression were massive failures which actually kept the United States in depression for seven years longer than if he’d done nothing at all.

Henry Morganthau, FDR’s Treasury Secretary, said in May 1939, after nearly seven years in office:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!”

In believing the propaganda and lies of the Democrats and Barack Obama, Americans may have well placed the nation in a hole that it very may well not be able to climb out of.


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