Posts Tagged ‘fiscal cliff’

Fiscal Cliff Deal Is A Raw Deal For The Rich And For America. And It Sets Up ANOTHER Raw Deal In Sixty Days Over Out-Of-Control Obama Spending.

January 2, 2013

It’s a truly fascinating thing.  Had we “gone over the cliff,” do you know what would have happened?  We would have returned to the Clinton tax rates.

What is truly remarkable is that the Clinton tax rates are now nearly universally viewed by Democrats as having been 98% pure, distilled evil.  Because the Democrat Party has now been saying that Americans can’t afford to pay the stupid and evil tax rates that Democrats once demanded they pay.

But what would have been stupid and evil and harmful to the American economy for 98% of the population is in fact true for 100% of the population.  It is simply a gargantuan lie to try to argue that the laws of economics – that when you tax something you invariably get LESS of it – is true for 98% but is a lie for 100%.

Yes, it is a fact of history that the Republican Party under George W. Bush saved America with the tax cuts that helped the middle class grow more and spend more.  And it is now a fact of history that Democrats are now implicitly saying that the Clinton tax rates were 98% evil and counterproductive to a growing economy.  Democrats were completely wrong about their high tax rates; but Democrats are liars who won’t EVER admit they were wrong.  Instead they merely continually shift their demonization and demagoguery to a different target without ever admitting that it was only a relative few years ago that Democrats were attacking the middle class with high taxes that are suddenly now universally recognized as evil.

Isn’t it amazing how Obama, the Democrats and the mainstream media propaganda actually just claimed credit for 98% of the Bush tax cuts while still blaming Republicans as evil for creating the very thing that Democrats are on record as now being 98% for?  How does this kind of falsehood pass for truth???

Here’s a little bit of fact for you: BILL CLINTON CUT TAXES FAR MORE THAN HE RAISED THEM.  It wasn’t until Clinton CUT the capital gains tax in addition to many other tax reforms that the economy truly took off and the budget deficit shrank.  Versus Barack Obama, who has stratospherically hiked taxes on the rich and on the middle class via massive regulation and the equally massive ObamaCare tax hike.

And keep in mind that Bill Clinton – who largely presided over a good economy with the help of Republicans who controlled both the House and the Senate – said “the era of big government is over.”  Obama reversed that and now America will pay dearly for it.

It is a fact of history that Democrats are now demanding that we keep 98% of Bush’s tax cuts while simultaneously taking credit for them.  While amazingly still saying that the Bush tax cuts – which they now say were 98% good – are still evil.

Democrats claim that their tax hike on the rich, on the other hand, will generate $620 billion in additional revenues.  Here’s the first problem with the deal that Republicans were trapped into: no it won’t.

History is now replete, full, satiated, gluttonously gorged with examples of Democrats’ stupid tax claims doing the very opposite of what they claimed it would do.  The most infamous example is the luxury tax or so-called “yacht tax” on the rich.  Democrats assured Americans that the rich could certainly pay a little more (there’s a line that stupid people keep arguing, isn’t it?) to own luxury items.  Democrats saw the government getting more and the rich paying “more of their fair share” (there’s another stupid line of demagoguery for you).  What in FACT happened was that it turned out that, guess what, rich people AVOID TAXES just like everybody else tends to do.

Falling Tax Would Lift All Yachts
By AGIS SALPUKAS
Published: February 7, 1992

The nation’s luxury-boat builders, many clinging to their businesses after two years of plunging sales, finally got some good news last week.

President Bush, in his budget proposals, asked Congress to repeal the 10 percent luxury tax on yachts priced at more than $100,000 (and also on private planes that cost more than $250,000). The repeal, which Congress is likely to approve, would be retroactive to Feb. 1.

Since the tax took effect in January 1990, hundreds of builders of large and small boats have spoken of it as a stake driven into the heart of an industry already suffering from the recession, tighter bank rules on financing and fallout from the gulf war.

In the last two years, about 100 builders of luxury boats — recreational craft costing more than $100,000 — cut their operations severely and laid off thousands of workers. Some builders filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code.

Now, sales personnel and owners of marine companies are hoping they will be swamped by buyers who have held off in the expectation that the tax will be repealed.

The 10 percent tax applies to the amount of the cost above $100,000, so that a boat selling for $300,000 carries a $20,000 luxury tax. That tax is in addition to any state and local taxes. [...]

Also, boat prices have dropped as much as 40 to 50 percent, interest rates have fallen and some lenders have begun to offer financing, though on very strict terms.

In 1991, sales of luxury boats dropped 70 percent from 1990’s level, while overall boat sales fell 18 percent. Relies on Foreign Customers

The luxury tax really hurt us,” said William J. Healey, the president of the Viking Yacht Company in New Gretna, N.J.

He gestured toward a few big luxury boats being built there. A 50-foot boat costing $800,000 is bound for Italy; a $1 million yacht may be sold in Japan. A 65-foot motor yacht costing $1.3 million is bound for Greece.

The business from overseas, developed in the last two years, is enabling Viking to limp along, its work force cut to 150 workers from 800. “Very fortunately, it has helped us weather the downturn,” Mr. Healey said as he pointed to two production lines that have been inactive for several years.

Domestic demand fell so sharply that a year ago Viking shut an operation in Tampa, Fla., that employed 800 workers. The plant was built in the boom of the 1980’s, when most boat makers could not keep up with demand.

Yeah, that’s right, stupid liberal.  Raising taxes on the rich a few percent won’t hurt anybody.  They can afford it.

And if you’re either stupid or demon-possessed, you still believe that damn Marxist class warfare lie.  But people who prefer the truth and have a clue about something called “history” sure don’t.

The fact of the matter is simple and straightforward: lower tax rates for EVERYBODY creates more incentive to work harder and invest more because you are allowed to keep more of what you earn.  It is a simple truth of American history that every single time tax rates have been cut, we have had growth that generated MORE revenue than we otherwise would have.

There’s a second and even more harmful reason that Obama won’t raise more revenue as he falsely claims: because he’s going to be targeting and attacking the small businesses that create jobs.  Yes, it’s true on one level that 97% of small businesses won’t see their taxes shoot up and force them to lay off workers and cut back to pay the dictator.  But as is often true, another word for “lie” is “statistic.”  Because here’s the thing: THAT THREE PERCENT OF THE BUSINESSES DO MOST OF THE ACTUAL HIRING.

I documented this back in July:

Please take a look at the US government census information on small businesses.  The latest data they have on file comes from 2008:

Out of 27,281,452 total firms, 21,351,320 are listed as “nonemployer firms.”  Which means that 78.23 percent of all small businesses hire ZERO employees.   So when Obama says that 97% of small businesses won’t be affected by his tax hike, please understand that the whopping majority of those businesses that won’t be affected aren’t hiring anybody.  Another 3,617,764 small businesses have no more than four employees.  Those small businesses that hire zero workers plus those small businesses that hire no more than four workers constitute 91.5% of ALL small businesses.

Here’s a more relevant way to look at it.  When you consider the businesses that employ more than four people, you are looking at businesses that hire 94.97 percent of ALL the workers who work for small businesses.  And while not all of the small businesses that hire between 5-9 employees are going to be paying higher taxes as a result of Obama’s class warfare on small businesses, most of them do.  And virtually none of the businesses that hire more than ten employees are going to earn less than $250,000 a year.

So, yeah, the kid who is an “independent contractor” working his paper route won’t be paying more taxes under Obama’s class warfare plan.  That’s great.  But the overwhelming majority of small businesses (defined as businesses employing 499 or fewer workers) are going to get the crap beat out of them.

So Obama and Democrats like to point out that 97% of small businesses won’t be affected by their tax hikes.  But more than 78% of small businesses in his “97 percent” figure are “nonemployer firms” and hire ZERO workers.  So no jobs.  And when you look at the businesses that hire workers, you are looking overwhelmingly at the businesses that are going to be hit by these new tax hikes.  That is simply a FACT.  And it is simply a FACT that they are going to be forced to raise their prices to accommodate their rising costs of doing business, which will in turn reduce demand for their products or services, which will then in turn force them to lay off workers because of aforementioned reduced demand.

So what Obama and the Democrats just did is savagely attack the only people who have any chance at creating more job opportunities and bringing the US economy off its back and onto its feet again.

Keep in mind that in pimping his ObamaCare, Obama promised that premiums wouldn’t go up; he promised that if you like your doctor, you could keep your doctor; he promised that he wouldn’t tax the middle class.  He lied about EVERYTHING.  And he is lying to you now.  Because he has over and over again demonstrated that he is a liar without shame, without honesty, without decency and without integrity.

But we’re just getting warmed up describing how truly godawful this “deal” is.

Obama – even on his regime’s own calculations – will only get 8 1/2 days of additional tax revenue by attacking the rich and sabotaging the US economy by hurting job creators.  The problem when you consider Obama’s trillion-plus dollar deficits every single year of his entire presidency is that he refused to do a damn thing about the OTHER 356.5 days of the year.

We raised $1.8 trillion in income tax revenue in 2012.  It will be a very interesting thing indeed to see if we raise $2.42 trillion as the Democrats claim.  I bet we won’t be anywhere near that because it was a lie from the beginning.

Obama has the blue-whale-sized balls to claim that he cut the deficit by over $1 trillion.  Even the überliberal Washington Post says he’s a Pinnochio-nosed liar.  But let’s just think like people who AREN’T insane and AREN’T demon-possessed for a second: the US national debt is now over 16.4 trillion and will be well beyond that by January 20 when Obama’s first term ends; it was $10.626 trillion the day Obama took office.

Do you remember when our demon-possessed current president demonized his predecessor by pointing out that the debt had grown by $4 trillion over Bush’s eight years in office?  I pointed out back in September:

If Obama is a one-term president, which he himself by his own rhetoric said he ought to be, he will have added more than $6 trillion to the debt in his four years by the time he leaves office.  The same man who viciously demonized his predecessor for adding less than $5 trillion over EIGHT years.  The national debt is over $16 trillion now, and it’s going to keep piling on and piling on until January 2013.  With at least $500 billion in interest to pay on top of that.

Again, Barack Obama is a liar and a hypocrite without shame, without decency, without honor and without integrity.  He is shameless.  The Democrat Party is shameless.  And the mainstream media which protects both with their propaganda machine are shameless.

And our real debt is actually now considerably over a beyond-insane $222 trillion.  And is growing by about one trillion dollars every single MONTH:

The U.S. fiscal gap, calculated (by us) using theCongressional Budget Office’s realistic long-term budget forecast — the Alternative Fiscal Scenario — is now $222 trillion. Last year, it was $211 trillion. The $11 trillion difference — this year’s true federal deficit — is 10 times larger than the official deficit and roughly as large as the entire stock of official debt in public hands.

And why are we that $222 trillion – and actually that is now more like $227 trillion given the rate of growth of that debt and the five months that have passed since that article documenting the true debt was written - you ask?  Easy, 99.99999 percent of that debt which guarantees the collapse of America came from Democrats, and specifically their boondoggle entitlement programs such as Social Security, Medicare, and Medicaid.

It’s funny, in a sad, pathetic, ironic sort of way: Democrats demonize Republicans for trying to protect America and her interests abroad with a strong national defense.  But the only thing the Constitution specifically ordered the federal government to “provide for the common defense.”  And note that word, “provide.”  It means, “pay for to provide.”  The same liberals who demonize us for doing what common sense and the Constitution alike command us to do point to the phrase “promote the general welfare.”  Do you get that difference between “provide” and “promote.”  If you ask me to provide something, I’m on the hook for it in a financial way.  That’s what it means to be a provider.  If you want me to promote something, I’m going to say nice things about it and cheerlead for it.  But that’s all.  And so like everything else, Democrats turned the Constitution, basic morality and true Christianity on its head and made what is wrong right and what is right wrong.

If liberals were actually to “promote the general welfare,” they would cheerlead the private economy and encourage growth by keeping taxes low for those who are willing to work hard so they can keep what they earn.  And then, with the minimum size and minimum amount of regulation, they would get the hell out of the way.

What Democrats “promote” is the general cancer instead.

And that mindset became a rotting cancer that is just about to consume and kill the patient America.

This nation is doomed.  And if you voted for Obama, you are one of the people who doomed it.   We cannot possibly pay these debts that will ultimately bankrupt this country but only after our children and their children are forced to bear the burden and suffer because of your self-righteous and sanctimonious greed a.k.a. “your entitlement mindset.”  And one day you will stand before a holy God and answer for the fact that you are a toxic human being whose soul swims in every kind of lie.  Because that’s what Obama voters are: bad people who hate the truth and who prefer lies.  Aside from your dishonesty, you are greedy and hypocritical – feeling yourself entitled to seize other people’s money when you would scream if your own money were taken from you.  And aside from your dishonesty, greed and hypocrisy you are hurting the poor who ought to be helped.  Because as I pointed out above – and thoroughly document with the article I linked you to stating it – when you seize the wealth of private citizens who overwhelmingly worked hard and then planned well and then worked hard some more to get that wealth, you end up hurting the very poor you falsely profess to be helping.  Because you force businesses large and small alike to reduce their workers.  You rob the poor of dignity by preventing them from being able to find jobs.  And then you cynically exploit their desperation to get them to vote Democrat so they can be on welfare for life as long as they continue voting Democrat.  Oh, you will one day be forced to give an account for all of it, rest assured.  And you will be giving that account to a Someone who knows the truth from all of your lies and your slander.

In sixty days this “fiscal cliff deal” that the mainstream media is so damn giddy about will come boomaranging back in the form of a massive political crisis caused by Obama’s morally insane and fiscally evil out-of-control spending binge.

Further, this stupid deal did nothing to avert the sequestration that Obama’s White House invented that will cripple our economy.  Just for starters, 1.53 million defense industry workers are going to get their 60-day layoff notices that they frankly should have already received according to federal law that Obama abrogated for cynical political purposes.  The defense industry has already began to suffer because everybody knows that Obama is at war with our ability to defend ourselves against war.  Obama has already cut $480 billion from defense; and his sequestration gimmick will soon devastatingly cut the Pentagon by $500 billion more.

Republicans were maneuvered into an impossible rhetorical battle against a master demagogic rhetorician.  They were demonized as “the party who was willing to force everybody’s taxes to go up over the wealthiest two percent of the country.”  When how the hell were the Democrats not “the party who was willing to force everybody’s taxes to go up over the wealthiest two percent of the country”???  Weren’t Democrats threatening to go off the cliff unless they got to attack the top two percent of earners?  How were they not doing the very thing they slandered the Republicans for doing???

This country is going to shut down in sixty days over that “spending issue” that Obama and the Democrats absolutely refused to deal with.  Because this “deal” did nothing to slow down the debt, nothing to slow down Obama’s shocking deficits, nothing to avert a debt ceiling showdown and nothing to avert the REAL fiscal cliff of Obama’s sequestration plan.

The markets that stupidly surged today will just as stupidly collapse then.  Because anybody who isn’t a fool should see this confrontation over insane and immoral debt coming.

Meanwhile, it is God damn America, full speed ahead to ruin.  And then the Antichrist and the Tribulation will come.

After Mocking And Slandering John Boehner Over His Failed House Vote, Senate Democrats’ Pathetic Debacle Takes America To Brink Of Fiscal Cliff

December 31, 2012

It couldn’t have happened to a more demon-possessed guy.

Remember just a few days ago, how gleeful Democrats were over John Boehner – who was it should be pointed out merely trying to get something the hell PASSED in the midst of the mean ugly drunk mother of all bureaucrtic debacles in all of history – was unable to get a majority vote on his “plan B” proposal?  With Democrat Senate Majority Leader Harry Reid leading the jeering section:

Let me remind you:

“John Boehner seems to care more about keeping his speakership than about keeping the nation on firm financial footing,” Reid said during a fiery address from the Senate floor. “It’s obvious, Mr. President, what’s going on around here. He’s waiting until Jan. 3 to get re-elected as speaker before he gets serious with negotiations because he has so many people over there that won’t follow what he wants. That’s obvious from the debacle that took place last week. And it was a debacle.”

Reid was referring to Boehner’s decision last week to call off a vote on his so-called “Plan B” in what was an embarrassing admission by the House Speaker that his proposal lacked sufficient support.

That actually happened AFTER Reid slanderously demonized Boehner by calling his House Speakership “a dictatorship.”

“The American people I don’t think understand the House of Representatives is  operating without the House of Representatives,” Reid said.

“It’s being operated by a dictatorship of the Speaker of the House, not  allowing the vast majority of the House of Representatives to get what they  want.”

You need to understand something: Reid is demandinging that the House hold a vote on what he wants them to vote on and the way he wants them to like the GOP is being unfair not to do that. Do you have any idea how many voted-on and passed House bills are sitting in Harry Reid’s Senate without Reid offering them an up or down vote???

Okay, so the man who has utterly failed to so much as even be able to produce a damn BUDGET in going on four freaking years is slandering his ideological enemy.  Classy.

How’s it going over there in the Senate that you Democrats (that’s short for “Demonic Bureaucrats”) own?

Not so good:

Congress Done for the Day, No Deal on ‘Fiscal Cliff’ Yet
Washington, DC
Sunday, December 30, 2012

No deal on the so-called “fiscal cliff” is expected in the Senate tonight. The Senate will be back in session tomorrow morning at 11am ET. The House comes back at 9am ET.

Earlier in the day, Minority Leader Mitch McConnell (R-KY) announced on the Senate floor that he was waiting for a response from Democrats to a GOP proposal made yesterday. He said he called Vice President Joe Biden to “jump start” the negotiations. “I’m willing to get this done. I need a dance partner.”

In reply, Majority Leader Harry Reid (D-NV) acknowledged Sen. McConnell’s “good faith” effort, but said “I don’t have a counter-offer to make.” Leader Reid said that he was working with the president and that a counter-proposal might be available later in the day. Shortly after words, Sen. Reid indicated that one of the issues holding back a Democratic counter-offer were proposed cuts to social security.

I’m sorry.  I’m not sure I heard that right, Harry Reid, you slandering lying hypocrite.  Tell us one more time how well you – the mocking a-hole who demagogued John Boehner for at least having the balls to call for a damn vote – have done on your side of the aisle:

I have had a number of conversations with the president, and at this stage we’re not able to make a counteroffer. The Republican leader has told me that — and he’s just said here — that he’s working with the vice president, and he and the vice president, I wish them well.

In the meantime, I will continue to try to come up with something. But at this stage, I don’t have a counteroffer to make. Perhaps as the day wears on, I will be able to. I will say this, I think that the Republican leader has shown absolutely good faith. It’s just that we are apart on some pretty big issues.

But Democrats were far too hopelessly fractured to come together to so much as make a counter-offer to the Republicans.  And that refusal to respond to the Republicans attempt to save America from ruin acknowledged after Reid got off the phone with his personal lord and savior Barack Hussein.  Obama doesn’t want a deal: he wants to raise taxes like crazy and actually blame the Republicans for the end to the Bush tax cuts while he’s doing it.  Harry Reid then actually left the Capitol Building for the night – leaving Senate Minority Leader McConnell burning the midnight oil desperately working all by himself to try to come up with something that will save the nation.

We’re 24 hours away from going off the cliff, and the Democrats can’t even get their acts together enough to make a counter offer to keep the talks going.  They want to raise your taxes and gut the military and they’re going to get what they want because this is God damn America and this is what happens in God damn America.  So Harry Reid closes up shop and goes home for the night.  Does the word “debacle” sound about right to describe what just happened in this hypocrites Senate under his dictatorship???

Why couldn’t you make a counter-offer, Harry, you turd?  Was it because you care only about your leadership position, you slandering demagogue hypocrite?  What the hell kind of damned dictatorship are you running in that banana republic of yours, anyway???

It so serves you right, Harry Reid.  And it so serves America right for cursing itself with stinking lumps of fecal matter for leaders such as yourself.  We deserve what is happening.  Our children deserve it.

Unfortunately, Republicans have made concession after concession while the lying Democrat Party has pretty much come up with snake eyes.  Which is fitting, given the fact that without snake eyes Democrats wouldn’t be able to see anything at all.

Meanwhile Obama has provided an example of his “compromise” in the form of the CPI (Chained Consumer Price) index adjustment he claims he’s willing to make.  Here’s the problem: there is absolutely zero way in hell that the Senate Democrats would ever go along with that.  In fact, the negotiations in the Democrat-controlled Senate utterly broke down until the Republicans conceded yet AGAIN by removing their demand for it:

WASHINGTON — Tense “fiscal cliff” negotiations on Capitol Hill Sunday inched forward slightly as Republican senators agreed to take Social Security cuts off their list of immediate demands.

The cut that GOP leaders had proposed — picking up on a now-defunct offer from President Barack Obama — involved basing Social Security cost-of-living adjustments on a chained consumer price index (CPI), which grows more slowly than current measures of inflation and therefore would give seniors less in benefits as time went on.

But Senate Republicans realized in a caucus meeting Sunday afternoon that the idea was a loser for now, even if they might return to it in reaching a larger deal later on.

“CPI has to be off the table because it’s not a winning argument to say benefits for seniors versus tax breaks for rich people,” said Sen. John McCain (R-Ariz.). “We need to take CPI off the table — that’s not part of the negotiations — because we can’t win an argument that has Social Security for seniors versus taxes for the rich.”

“There’s a realization that in spite of the president’s apparent endorsement of a chained CPI that that proposal deserves more study,” said Sen. Susan Collins (R-Maine). “My guess, based on what Democrats are saying is that that reform would not happen during this stage of the negotiations.”

A Democratic aide, informed of the reversal from a proposal that Senate Minority Leader Mitch McConnell (R-Ky.) had offered late Saturday — which included the Social Security cut — took it as a hopeful sign.

“Well, that’s some progress,” said the aide, who was granted anonymity due to the sensitivity of the talks.

Which is another way of saying Obama has offered absolutely no realistic compromise of any kind.  Every single time Obama says that Republicans have to meet him half way, he is an absolute liar without shame, without honor and without decency.  Because this national disgrace-in-chief has offered up absolutely no real compromise that would ever actually see the light of day whatsoever.

Republicans are almost as insane as the Democrats for trying again and again to make concessions hoping to get a deal done with these fascists.

You want the truth?  America is now about $225 trillion in debt.  We are necessarily going to implode.  Children and old people are going to die.  And it is 99.999% the fault of the Democrat Party who cursed America with unsustainable entitlements in the form of Social Security, Medicare and Medicaid without ever ONCE in their history being willing to fix the national ruin they guaranteed.

That said, not only do the Democrats demand tax hikes that won’t even pay for nine days of spending at current Obama fiscal insanity; they actually demand MORE spending and MORE debt to hasten our national collapse.  And somehow the Republican Party is immoral for trying to reign in this demonic spending.

This is God damn America under Obama, and God damn America fully deserves to go off the fiscal cliff and any other kind of cliff that we race toward in the determined drive to national suicide that began when Obama was re-elected.

America is now a truly evil nation.  We are an evil people who have wickedly and foolishly chosen evil leaders.  And God has made abundantly clear in His Word that He judges nations for the wickedness of their leaders.

Who will get the blame?  Republicans will.  Not because they deserve it, but because the people who will blame them are a wicked people.

I think back to George W. Bush getting all the blame for the bad economy during a period of time that Nancy Pelosi and Democrats owned the House of Representatives and Harry Reid and the Democrats owned the Senate.  When The Democrats took over in 2006, America was at full employment and America had a deficit of $162 billion.  Harry Reid and Nancy Pelosi sure fixed that good.  Yet somehow Bush got all the blame even though Democrats controlled both houses of Congress.  And now that Obama is president and Democrats control the Senate, a stupid and wicked people are going to hypocritically and dishonestly blame Republicans even though they have a fraction of the power and responsibility that Democrats had when America went down in 2008.

I’m just waiting for the Rapture.  I call it the Great Bailout now.  Because Democrats have so completely screwed up America that its collapse is a guaranteed done deal at this point.  And the Antichrist is coming next.

Passing Of A True Hero: Gen. ‘Stormin’ Norman’ Schwarzkopf Dead At 78. It’s Probably Good He Didn’t Live To See What Obama Does To The US Military.

December 28, 2012

A great man died yesterday.  And we’ll probably never see his like again.

Gen. Norman Schwarzkopf died from complications of pneumonia after a long illness at his home in Tampa, where he lived in retirement after refusing to exploit his fame to enter the immoral and treasonous world of politics.

Given the fact that his death coincides with one of the great acts of pathetic stupidity of all of human history – the fiscal cliff – his decision not to contaminate his love for America with the ultimate cynicism that is politics was clearly a wise one.

When you consider how Obama’s fiscal cliff strategy – because, yes, the sequestration that led to this moment was the product of the Obama White House - will have on the United States military, it is probably a good thing that Stormin’ Norman was saved from having to watch Obama gut his beloved military machine:

“Forward” is a great slogan and everything, but the only way Obama is going to take America “forward” is to drive us off the fiscal cliff that was his bright idea to create in the first place (and see here for more because Obama set this disaster up from the very start).  The fact of the matter is that it is a documented fact by one of the great journalists in American history that the idea for sequestration – i.e. the “fiscal cliff” or “taxmageddon” – came from Obama’s chief of staff Jack Lew and Rob Nabors (Obama’s White House Assistant to the President and head of the White House’s Office of Legislative Affairs).  The money quote:

At 2:30 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’ Reid bent down and put his head between his knees, almost as if he were going to throw up or was having a heart attack. He sat back up and looked at the ceiling. ‘A couple of weeks ago,’ he said, ‘my staff said to me that there is one more possible’ enforcement mechanism: sequestration. He said he told them, ‘Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?’ Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good. It doesn’t touch Medicaid or Medicare, does it?’ It actually does touch Medicare, they replied. ‘How does it touch Medicare?’ It depends, they said. There’s versions with 2 percent cuts, and there’s versions with 4 percent cuts.” (Bob Woodward, The Price Of Politics, 2012, pp. 326)

So anybody who wants to assert that sequestration originated ANYWHERE other than the Obama White House is a documented liar.  Not that liberals care about being documented liars.

Jack Lew was Obama’s chief of staff and Rob Nabors was Obama’s Assistant to the President for Legislative Affairs.  Lew and Nabors were Obama’s roaches who served Obama’s bidding.  And they first negoiated this fiscal cliff deal with Democrat Harry Reid and his roaches before forcing the House Republicans to sign on or be labelled “obstructionists.”  And so, yes, the fiscal cliff was Obama’s dream that he made come true.

And that destruction of the US military will spread through the entire defense industry, with 2 million more jobs about to fall prey to his savage attack against America.

Obama’s own handpicked Secretary of Defense, Leon Panetta, warned that Obama’s sequestration would forcibly return America to pre-World War II spending levels.  Which was why the Japanese attacked us.  But Obama has already publicly vowed to veto ANY bill that spared the military.

America will never rise to true might again after this blow which will be even greater than the one Schwarzkopf inflicted on the Iraq military machine.  Which is why I’m glad Stormin’ Norman didn’t have to live to see the new year under the grip of the president of God damn America.

Norman Schwarzkopf was a man who was literally born to serve his nation at the ultimate moment.  He grew up in Iran (his father went there to train Iran’s national police force and served as an adviser to the young Shah, Reza Pahlavi).  And he had the insight to understand that his destiny was tied to that turbulent and violent region.  He had his choice of commands – and many of his alternative possibilities looked better on paper at the time – but he wanted and got the U.S. Central Command – which was responsible for the Middle East.

Gen. Schwarzkopf was a man of vision: he wargamed out the EXACT scenario that in fact took place, as Saddam Hussein attacked Kuwait out of lust for that small nation’s wealth and oil resources.

Because of General Schwarzkopf, America did not have to scramble; the commanding general was ready to go the moment Saddam’s thugs violated Kuwait’s borders.

People don’t remember how huge his 100 hour land war truly was.  Liberals, ever wrong, predicted a blood bath as Saddam Hussein prepared for World War One-style trench warfare and promised “the mother of all battles” and his desire to inflict massive casualties on the American-led coalition.  Stormin’ Norman had other plans, and delivered the military equivalent of a vicious punch right to the nose of Saddam’s military – which at that time was the fourth largest military power in the world and which was armed to the teeth with Soviet weaponry.  No one short of God knows how many American and coalition lives Schwarzkopf spared due to his strategic and tactical brilliance.

Schwarzkopf’s character and courage marks a stark contrast with the leaders that mark God damn America today.  And I honor this great man and celebrate his great victory back when the Late Great USA could actually win a damn war.

I can’t take away your loss and grief, Schwarzkopf family.  But I can remind you that your pain ought to be accompanied by a feeling of great pride for a great man.

The Worst Christmas Shopping Season Since 2008 As Obama Absolutely Fails To Lead.

December 27, 2012

The most criminally irresponsible Senate (which just happens to have been controlled by Democrats the entire time) has not passed a budget since April 23, 2009.  That’s 1,338 days, which is edging up to the four year mark since the Democrats in the United States Senate fulfilled their constitutionally mandated duty.  That’s nearly the entire Obama presidency up to this point.  The most fundamental obligation of any legislative body is to pass a budget.  But Democrats couldn’t care less about the Constituton or their basic duty; a budget would expose them for the liars they are.  Democrats will accept ZERO responsibility for their demon-possessed spending and will not allow ANY reduction in spending as America sails into bankruptcy.  Has anyone on the left ever thought that the insane and evil Democrats have caused the impending economic disaster by being determined to spend America into bankruptcy without even providing a damn budget while they do so???

For the record, Obama will have amassed a staggering $20 trillion debt by the time he leaves office in 2016.

Along with the huge tax increase of the Obama Tax Hikes (cf. the Bush tax cut) involved with the fiscal cliff are the biggest tax increase on the middle class in history in the form of ObamaCare.

And Republicans are crazy enough to try to stand in his way of exploding America so badly that no one will never find most of the pieces, let alone put the U.S.A. back together again.

The worst Christmas shopping season since 2008, that’s what we just had right after the hope and the hype of re-electing false messiah Obama:

Gauges of Christmas sales range from dismal to so-so. One group that tracks  shoppers said it was the worst showing since the bleak Christmas of 2008, when  the country was in the midst of a historic financial crisis. MasterCard’s  SpendingPulse, which tracked sales from Oct. 28 to Dec. 24, said sales grew by  only 0.7 percent over last year, but other trackers reported somewhat higher  numbers.

The poor ending to the shopping season forced economists to lower their  estimates for sales gains from the solid 3 percent to 4 percent range originally  forecast. ShopperTrak is expecting a 2.5 percent increase in November and  December sales, down from an earlier forecast of 3.3 percent. The International  Council of Shopping Centers said growth during the final week before Christmas  was only 0.7 percent, but it is sticking to its forecast of 3 percent for the  whole season.

“What could have been a merry Christmas is going to turn to a ho-hum  Christmas, and we can thank our, you know, politicians for getting in the middle  of it all,” NPD Group analyst Marshal Cohen said. “This great unknown puts a big  damper on the consumer feeling confident to go out and spend more.”

Some analysts also blamed the Newtown, Conn., school shootings just days  before Christmas for dampening appetites for spending.

“The Newtown massacre, psychologically I think, spread through the country,”  said Robin Lewis, a New York-based retail consultant. “This event was not  isolated in the Northeast. It slammed the consumer with a lot of sobriety and  made us think about what is happening in this world we live in, particularly  around the holidays, when things are supposed to be wonderful and peaceful.”

Consumer sentiment plunged this month after hitting four-year highs in  November. Analysts blamed growing public apprehension about the fiscal cliff and  the partisan standoff in Washington. [...]

Further damage could come during the week after Christmas, which is also a major time for shopping as many consumers go to malls and redeem gift cards. President Obama is returning to Washington Thursday from a Hawaii vacation to restart negotiations, but there is no accord in sight or signs of a breakthrough.

Right after false-messiah Obama was re-elected, America saw it’s worst post-election market dump in generations as the people who make business work pretty much bailed.  As I reported along with the articles that backed the facts up:

Businesses and investors told America what they thought of their idiotic choice for president yesterday with the biggest market plunge in a year the day after Obama was reelected.

The Dow dropped 313 points, or 2.4% of its total value on the trading day immediately following the Obama reelection.

Interestingly, Obama has two of the five worst market plunges on the day after a presidential election, and you’ve got to go back to the 1930s and 1940s to see worse market disasters…

That was because the smart money immediately recognized that the re-election of Obama meant that America just voted to go off the fiscal cliff as the demagogue-in-chief will continue trying to demonize and slander his way to a more divided America so a cynical false messiah can pick up a few more political pawns out of what is left of this nation:

NEW YORK — Stocks ended sharply lower Wednesday, one day after the re-election of President Obama. The Dow Jones industrial average closed down about 313 points, or 2.4%.

Investor reaction is decidedly negative over the defeat of the more business-friendly Mitt Romney and the continued gridlock in Congress that makes it tough for lawmakers to avert a fiscal policy crisis by year-end.

These businessmen also aren’t so stupid as to believe the outright dishonest propaganda being masqueraded as “news.”  They know that Obama’s own White House devised the fiscal cliff deal and that Obama wants to take America off it.

Many merchants depend on Christmas for 40% of their annual profits.  So this is going to be a “God damn America” that keeps on damning because some of these water-treading merchants just went down with their businesses.

Do you know what would have happened if we had had an actual leader?  He would have looked at the Democrat Senate and the Republic House and he would have staked out the center and dragged both sides to an agreement.  Because that is what would have been for the good of the nation.  Instead Obama is actually farther to the left than the Democrat Senate and there is absolutely NO grown-up to bring anybody toward anything.  That’s because Obama believes that the more suffering he inflicts on America, the more ammunition he has to demonize somebody else.  And nobody in the media will hold the president of the United States responsible for anything because he’s a Democrat.  Unlike Bush, of course.

Understand that Barak Obama is going to spend the next four years of abject failure to lead the way he spent the last four years: blaming somebody else for his failed presidency.  The only difference is that Obama spent the last four years blaming George Bush and he’s going to spend the next four years blaming the GOP House.

America is going down.  And Obama is going to demonize his opponents the same way that he’s spent the last five years demonizing his opponents.

Maybe the American people will realize how terrible their decision was and try to rectify it by giving Republicans a massive win in 2014; maybe they’ll keep drinking Kool Aid.  I’m one that says it really doesn’t matter.  Because six years of Obama is more than enough to cripple this country in a way that it will never recover from.  And whether Republicans win in 2014 or not, it will be too damn late to heal the fatal cancer that has metastasized and spread and grown these last four miserable years of Obama.

For The Factual Historical Record: Democrats Pushing To Take America Off Fiscal Cliff (Which Won’t Stop Democrats From Falsely Blaming GOP)

November 26, 2012

This fiscal cliff talk is rather interesting to me now that I have a more detached perspective.

I truly believe America is going to collapse now.  I also truly believe that by the time the Republicans get another chance to sweep into power in 2014 (as they did in 2010) it will be far too little and far too late.  I think Americans voted this month to die by national suicide.  And, yeah, I think it serves us right if we implode.  That said, I happen to live here.  My family lives here.  We’ve got children to think about.  I don’t want to suffer and I don’t want any of my family to suffer.  So I’m in that position of believing something is going to happen and that we deserve to have it happen on the one hand, with the realization that not only I but my family will be harmed when it does happen.

The result?  I’m no longer praying for America, or for the wisdom of our leaders or for the wisdom of the American people.  They were fools when it mattered most and I realize they will continue to be fools as it matters most.  At the same time, I’m certainly not praying or hoping for a fiscal implosion that will send America reeling into a depression that will make the Great Depression look like a lovely walk on a sunny beach.  I’m someone who views this as an outsider; I live here, but it has nothing to do with me.  And I’m focusing on claiming my citizenship in heaven more and worrying about my citizenship in America less.

I’m not overly exited about it or overly worried about it.  I already know that Americans have reached that depraved condition in which they demand to be parasites off of someone else’s success until there are no more hosts to parasitically leach off of while borrowing half of everything they recklessly spend until we collapse and the beast comes.

It’s really more an interesting academic question: what precisely will be the mechanism by which the Antichrist comes and Democrats worship him and take his mark?  What will be that final card that gets pulled from the house of cards we call our economy that will send the entire system down the drain so the beast can come riding in on his white horse – as he is depicted in Revelation chapter 6 – to save the day?

But I have seen so many naked lies pass for truth, and I’m at least going to try to document some of those lies at the moment when it matters.

Such as this one: Democrats – that’s right, DEMOCRATS – have been calling for us to go off the fiscal cliff if they don’t get exactly what they want.  And Republicans – that’s right, REPUBLICANS – are shocked by the callous willingness of the Democrat Party to allow implosion and the suffering that will result from that implosion.

From the überliberal Washington Post:

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes
By Lori Montgomery,
Jul 16, 2012 01:00 AM EDT

Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.

Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise.

In a speech Monday, Sen. Patty Murray (Wash.), the Senate’s No. 4 Democrat and the leader of the caucus’s campaign arm, plans to make the clearest case yet for going over what some have called the “fiscal cliff.”

“If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,” Murray plans to say, according to excerpts of the speech provided to The Washington Post.

READ: Everything you need to know about the fiscal cliff

If the tax cuts from the George W. Bush era expire and taxes go up for everyone, the debate will be reset, Murray is expected to say. “Every proposal will be a tax-cut proposal,” according to the excerpts, and Republicans would no longer be “boxed in” by their pledge not to raise taxes.

“If middle-class families start seeing more money coming out of their paychecks next year, are Republicans really going to stand up and fight for new tax cuts for the rich? Are they going to continue opposing the Democrats’ middle-class tax cut once the slate has been wiped clean? I think they know this would be an untenable political position.”

Murray’s address, set to be delivered at the Brookings Institution, is meant to influence both the Nov. 6 election and the lame-duck legislative session in November and December, when the fiscal cliff will be at hand and the fight over taxes will be in full throttle. Regardless of the election’s outcome, President Obama and the current Congress will be in office for the session.

The speech comes less than a week after Obama assured Hill Democrats during a White House meeting that he would veto any attempt to maintain the Bush tax cuts on income over $250,000 a year, according to several people present. It also echoes the dismissive response by Senate Majority Leader Harry M. Reid (D-Nev.) to Republicans seeking to undo scheduled reductions in Pentagon spending that even Defense Secretary Leon E. Panetta has said would be “devastating” to national security.

During the White House meeting, Obama never directly addressed whether he is prepared to let the new year arrive without taking action to avoid the cliff. According to the excerpts, Murray will say Monday that she hopes an agreement can be reached before then: “Democrats are willing to compromise. We just need a partner.”

Still, Democratic lawmakers emerged from the meeting invigorated for the year-end battle to preserve the Bush tax cuts solely for the middle class.

Senate Minority Leader Mitch McConnell (R-Ky.) has lambasted the Democrats’ position as an “outrageous ultimatum.”

“At a moment when the American people are reeling from the slowest recovery in modern times . . . and just five months away from the economic body blow that will result if tax rates spike, as scheduled, on January 1st, the president’s solution is to take more money away from the very business folks we are counting on to create the jobs that we need,” McConnell said in a speech Thursday on the Senate floor. “Naturally, Republicans oppose this. The way we see it, nobody should see an income tax hike right now.”

A risky strategy

The term “fiscal cliff” refers to the sharp drop in the 2013 budget deficit that would result from policies in current law. Thanks to a deal Obama cut with Republicans in 2010, the Bush tax cuts — and dozens of other tax provisions — are set to expire in December, raising taxes for virtually every U.S. household next year.

Meanwhile, during the debt-limit showdown last summer, lawmakers approved a plan to implement $110 billion in automatic spending cuts next year. A legislative “supercommittee” appointed to find an alternative deficit-reduction strategy disbanded without reaching agreement.

Republicans say Democrats are responsible for the impasse, noting that GOP members on the supercommittee offered to raise revenue through an overhaul of the tax code.

“We were on the record saying we would agree to a conventionally scored tax increase if they would clear out the tax code, make it fairer, flatter and simpler and begin to take us off the road to bankruptcy on entitlements. And they weren’t willing to do it,” said Rep. Jeb Hensarling (R-Tex.), the GOP supercommittee chairman.

[...]

Here is a link from the Fox News article: “Democrats Willing to Let Country Fall Off ‘Fiscal Cliff’ Over Bush-era Tax Cuts“:

Senate Democrats appear willing to use your paycheck to play political hardball on taxes unless Republicans agree to President Obama’s plan to raise taxes on America’s top earners.

A top Senate Democrat warned Monday that, if Republicans don’t relent, her caucus is willing to let all the Bush-era tax rates expire at the end of the year — in effect threatening to let the country fall off what many in Washington call the “fiscal cliff.”

That cliff is approaching at the start of 2013, when the Bush tax cuts are set to expire and billions of dollars in automatic spending cuts — spawned by last summer’s debt-ceiling debate — are set to take effect. Lawmakers on both sides of the aisle are hoping to shift around those spending cuts to spare key areas like defense, and to temporarily extend the Bush tax rates for at least some Americans. Some have warned a failure to do so could send the nation back into recession.

But Sen. Patty Murray, D-Wash., indicated Democrats are willing to let the deadline pass in order to better their negotiating position.

“So if we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013 rather than lock in a long-term deal this year that throws middle-class families under the bus,” she said in prepared remarks for a speech she plans to give Monday afternoon at the Brookings Institution. Murray is head of the Democratic Senatorial Campaign Committee, the campaign arm for Senate Democrats.

[...]

Which party has clearly offered compromises?  The Republican Party, which has repeatedly said at the very highest levels (including at the level of GOP presidential nominee Mitt Romney during his campaign along with John Boehner and the entire Republican leadership) to allow tax revenue increases by ending many tax loopholes that favor the rich or simply by capping the exemptions at a certain dollar level such as $50,000.  This would raise nearly as much revenue as what Obama called for.

What has Obama offered by way of “compromise”?  Well, he is now demanding DOUBLE what he demanded the last time.  His starting position was to hike taxes on the rich whose investment and job creation is vital to economic growth, and his current position hasn’t changed so much as a tiny smidge.

Somehow, in this age when we are getting ready to worship the Antichrist and take his mark on our right hands or our foreheads if we want to participate in the economy in any way, shape or form, that’s “compromise.”

Meanwhile, the Republicans – who have now offered massive compromise – are “obstructionists.”  Because in this age right before the beast comes not going along with absolutely EVERYTHING the liberals want is “obstructionism.”

“Balance” is letting the Democrats have everything they demand.  “Balance” is threatening economic terrorism and blowing up America if they DON’T get absolutely everything they demand.

My goal was to document this reality.

Because if we go off the cliff, it is a documented historical fact that one party and only one party publicly advocated for going off the fiscal cliff.  And that is the Democrat Party.

When we collapse – notice I don’t say “if” – it will be because of reckless Democrat spending that everybody with a soul knew was utterly unsustainable.  It will be because the Democrats figured out how to successfully demagogue the lowest and basest nature of the American people.  It will be because Democrats have successfully baited and switched the American Dream of becoming independently successful with the Marxist Dream of government redistributionism.  It will be because we turned out backs once and for all time on the notion that we grow when we provide incentives for people to work harder and to invest more and to take more risks and instead punished the people who work harder and invest more and take more risks.  All that said, I believe that Democrats will be successful again: when the system crashes Democrats will exploit that collapse THAT THEY CAUSED to take complete control of the government.  Because hungry, terrified people – particularly given the fact that they are bad people – will demand the government step in to help them.  And that will be the moment that America fulfills the dreams of socialists ever since Karl Marx by truly officially embracing socialism.

It’s all so close now.  And it will take so little to trigger the coming collapse.

Update, 11/27:

And guess what?  Now EVEN MORE DEMOCRATS ARE WILLING TO THROW AMERICA INTO A DEPRESSION TO DEMONIZE THEIR WAY INTO GETTING WHATEVER THE HELL THEY WANT:

More Democrats Willing to Go Over ‘Fiscal Cliff’ Monday, 26 Nov 2012 04:21 PM By Stephen Feller

A growing number of Democrats say they are willing to let the country go off the fiscal cliff if a deal cannot be reached by Jan. 1 that raises taxes on the top two percent of earners while protecting costly entitlement programs.

Their theory in this game of chicken with Republicans is that it will be easier in January to lower taxes for 98 percent of the country while finding the best possible parts of the federal budget to cut — in line with long-held goals of the nation’s liberal party. They also think they’ll be in a better position to save most, if not all, of massive entitlements like Medicare as well as pet projects.

The fiscal cliff, originally created to force a legislatively-appointed supercommittee to make significant cuts to the federal budget, is roughly $500 billion mix of budget cuts and tax increases.

It includes the expiration of the Bush-era tax cuts and Obama-era payroll tax cut, massive cuts to the military and jobless benefits, and a decrease in Medicare reimbursement rates.

This will send tax on bond interest to 44.6 percent from 35 percent; on capital gains to 25 percent from 15 percent and on dividends to 44.6 percent from 15 percent, Forbes magazine pointed out Monday.

The average family will pay an extra $2,000 to $3,000 in income taxes if Congress fails to reach an agreement before the Bush tax cuts expire on Jan. 1, according to the Congressional Budget Office.

The economy would shrink by 0.5 percent, the CBO has found.

Experts have consistently predicted that the overall economy would take a massive hit if the country goes over the cliff, likely sending it into recession. Still, since July, Democrats increasingly have made the case that it wouldn’t be so bad.

Led by Sen. Patty Murray, D-Wash., Democrats have pushed the idea that the cliff is not as bad as the hype, with it being more of a “slope” than a “cliff.”

Pentagon cuts, they say, would be phased in, and the tax hikes, including the payroll hike, could also be slowed. If this happens, according to The Center on Budget and Policy Priorities, there would be a few weeks at the beginning of 2013 for a deal to quickly be reached.

Sen. Charles Schumer backs Murray, also saying that Democrats can’t cave in. He and other Democrats believe that Obama won a mandate for increased taxes with the presidential election.

“[President Obama] campaigned on it clearly,” the veteran New York Democrat said on “Meet the Press.” “He didn’t back off it.”

Also weighing in on Monday in a New York Times Op-Ed was billionaire investor Warren Buffett, who has said he think the country will be just fine going over the fiscal cliff.

While it’s not ideal, the founder of Berkshire Hathaway thinks that Obama must be willing to keep pushing for higher taxes on the wealthy, even if it triggers the automatic onset of tax increases and spending cuts on Jan.1.

The U.S. economy, he said, can weather it for a month or two. “We’re not going to permanently cripple ourselves,” Buffett told CNN last week.

Buffett shrugged off the Congressional Budget Office’s warnings that failure to address the fiscal cliff by Dec. 31 could lead to a recession.

“We have a very resilient economy,” said Buffett, a long-time Democrat and staunch Obama supporter. “The fact that [lawmakers] can’t get along for the month of January is not going to torpedo the economy.”

But even as some Republicans waver on taxes, others have renewed the call for no tax hikes.

“A tax increase never created a new job in this country,” Rep. Tom Price, R-Ga., said on “Fox News Sunday.” “It doesn’t make any sense to us to raise taxes on job creators in this time of economic challenge.”

And House Speaker John Boehner, R-Ohio, has said raising tax rates will stymie job creation. But he also said he is willing to raise revenue through tax reform and by eliminating “loopholes” in the tax code.

House Majority Leader Eric Cantor, R-Va., has not said whether he would vote for tax increases.

“A lot has been said about this pledge,” Cantor said on MSNBC Monday morning, referring to the popular no-tax pledge pushed by anti-tax activist Grover Norquist.

“I will tell you when I go to the constituents that re-elected me, it is not about that pledge, it really is about trying to solve problems,” Cantor said. “And as we know, this election we just went through is very much about, number one, what are we going to do to reclaim a momentum in this economy? How do we get us back to that? And, two, how do you solve a problem?”

Senator Jeff Sessions of Alabama, the senior Republican on the Senate Budget Committee, echoed Cantor, saying in an interview that reforming the outdated tax code could stir up new revenues without raising tax rates.

“We need to create growth, which creates jobs, not damaging growth by huge tax increases,” Sessions told Fox News.

A CNN/ORC International poll released Monday shows a solid majority of respondents — two-thirds — supports the Democratic stance that any agreement should include a mix of spending cuts and tax increases. Of that total, Republicans favor such an approach by 52 to 44 percent.

Even if effects of the cliff felt by Americans could be held off temporarily, the markets may not fare so well.

“Markets are going to go into an absolute tailspin, and I don’t think we want to risk that, especially with leadership right now trying to find a deal,” said Gabriel Horwitz, director of the economic program for Third Way, a centrist think tank. “I think the market reaction is going to happen immediately.”

“Rather than stop the country from going over the fiscal cliff and preventing the expiration of the 2001 and 2003 tax relief, they are prepared to Thelma-and-Louise the American economy right over the cliff,” said Sen. Orrin Hatch, R-Utah, the top Republican on the Finance Committee. “That is an astonishing admission.”

William Galston, a senior fellow in governance studies at the Brookings Institution, told CNN that Murray’s form of brinksmanshipis best avoided.

“To be sure, no one believes that non-agreement by December 31 would be the end of the story. After a period of finger-pointing, discussions would resume,” Galston wrote last week in a New Republic opinion piece. “But equally, no one knows how the failure to reach agreement before the end of 2012 would affect the dynamics of the negotiations.”

In addition, “we can be reasonably sure … that national and global markets would react adversely and that businesses, which are already retreating from planned investments in new plant and equipment, would become even more uncertain and risk-averse.”

Murray said in July, and again after the election in November, that without increasing taxes for some Americans, Democrats would balk at any deal Republicans propose.

By waiting until January to cut taxes for the bottom 98 percent, rather than increasing taxes for the top two percent, it may be easier for Republicans to support the concept – based on timing and semantics, Murray and other Democrats seem to think.

“We can’t accept an unfair deal that piles all of this on the middle class and tells them they have to support it,” Murray said on ABC in November. “We have to make sure that the wealthiest of Americans pay their fair share. If Republicans, many of whom were elected after campaigning against tax hikes, won’t agree, Democrats shouldn’t blink… We’ll start over next year and whatever we do will be a tax cut for whatever package we put together. That may be the way to get past this.”

While many Republicans are now saying that they’d be willing to violate Norquist’s pledge under the right circumstances, removing the spectre of actually voting to raise taxes would make it easier for them, she surmises.

Sen. Lindsey Graham said on ABC this Sunday that the pledge was not his major concern, as long as Democrats offer cuts to entitlements and other drains on the budget alongside the tax hikes.

“I will violate the pledge, long story short, for the good of the country, only if Democrats will do entitlement reform,” Graham said.

House Minority Leader Nancy Pelosi, D-Calif., told ABC that it’s not her “role to go to the table with a threat… I think it’s my role to go to the table with some ideas, to be receptive to what we can come to agreement on.”

However not all Democrats agree that the threat of going over the cliff should not exist.

Sen. Jay Rockefeller, D-W.Va., and Sen. Tom Harkin, D-Iowa, have circulated a letter demanding that Obama start negotiations at a 1-to-1 ratio of spending cuts to revenue increases, putting them in line with many in the party who want to see a harder line taken by Democrats.

Increasing federal revenue is the most important part of any negotiation, and though a deal before reaching the cliff is ideal, Rep. Peter Welch, D-Vt., joined many others in his party and said waiting until January may be the best option.

“If the Republicans can’t see their way to significant additional revenues targeted toward the people who are best off and targeted toward passive income and other things like that, then we’re better off going over the cliff and readdressing this with a better Congress in January,” said Rep. Peter DeFazio, D-Ore. “And we would have plenty of time to fix it.”

.

 

The Hell With It. Let’s Just Go Off The Damn Fiscal Cliff. Because You Just Can’t Negotiate With These People.

November 17, 2012

I just got through writing an article calling for a compromise on the tax hike Obama is demanding.  I already have to eat my words.

It is frankly hard to believe how pathologically Democrats prove themselves to be on a constant basis, even as much as I distrust Democrats and call them liars to their faces.

Realize that Democrats – and particularly Obama – have been saying that we need to hike taxes on the rich.  In order to do what?  In order to reduce the deficit, they said.  A nice, noble-sounding reason.  I mean, how can you possibly be against wanting to reduce the deficit???

Here’s a headline of Obama demagoguging tax hikes on the rich under the pretense that it would be to reduce the deficit:

Obama proposes $1.5tn tax hike to cut deficit
US president announces a number of measures aimed at reducing deficit in next 10 years, saying rich should pay more tax.
Last Modified: 19 Sep 2011

Here’s Obama over a year later, preaching the same message:

Obama says deficit plan must include higher taxes for wealthy
By Amie Parnes and Russell Berman – 11/09/12 03:51 PM ET

President Obama called on Congress on Friday to reduce the deficit in “a balanced and responsible way” in his first public remarks since winning reelection.

The president said Congress should extend the current tax rates for 98 percent of Americans, but raise taxes on households with annual income of more than $250,000.

Obama did not talk about higher tax rates in his speech, but said he would not accept a deal that cut spending and entitlements but did not ask wealthier households to pay more taxes.

“If we’re serious about reducing the deficit, we have to combine spending cuts with revenue and that means asking the wealthiest Americans to pay a little more in taxes,” Obama said. “That’s how we did it in the 1990s when Bill Clinton was president, that’s how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy.”

But Democrats are LIARS and you simply cannot do a deal with these liars because they have no integrity at all in any way, shape or form.

Take a look at this:

Senate Democrats say deficit package must include stimulus
By Alexander Bolton – 11/14/12 01:42 PM ET

Senate Democrats, feeling confident from their net gain of two seats in last week’s election, say any deficit-reduction package negotiated in the coming weeks must include stimulus measures.

They have yet to decide which prime-the-pump measures to push, but are mulling options such as new infrastructure spending and an extension of the payroll tax holiday.

Some Republicans are likely to balk at the notion that a package to cut the deficit would include new spending. But Democrats argue the No. 1 concern for voters is job creation and that the government needs to take a more aggressive role in spurring the economy.

“We need to do something on stimulus as part of the overall fiscal cliff,” said Sen. Charles Schumer (D-N.Y.), the Senate Democrats’ chief political strategist. “We have to do something because the economy is not growing fast enough in the first year or two.”

Democrats are liars, and they are particularly liars ANYTIME they say ANYTHING about cutting government spending.  Period.

Obama is the selfsame president who promised to cut the deficit in half by the end of his first term and instead tripled that deficit.  And now they’re already at it again just days since they ran a campaign based entirely on lies.

Democrats are now implicitly acknowledging that the “hike taxes so we can pay down the deficit” was a lie and a ruse from the deceitful party of lies and ruses.  Now they’re saying, “People who believe what we say are fools, so we have no qualms about lying in every single ‘promise’ we make.  We’ll promise one thing and then do another, and if you’re dumb enough to believe us then doom on you!”

Here’s another headline to show you just how damn far Obama is from “compromise” while he demonizes the Republicans for not compromising:

Obama Demands $1.6 Trillion More In Taxes Posted
by Adam English on the Wealth Wire
Wednesday, November 14th, 2012

President Obama will begin budget negotiations on Friday morning but moving twice as far away from Republican interests. Instead of the $800 billion in extra federal revenue from tax hikes,Obama will be calling for a whopping $1.6 trillion.

On the other side of the table, House Speaker John Boehner hasn’t specified a revenue target, but he has said he would be willing to accept new tax revenues. He is still unwilling to consider higher tax rates.

As a condition for the possible concession, Boehner continues to insist that Democrats accept structural changes to entitlement programs which are causing long-term budget concerns.

President Obama just attended a meeting with union officials and other activists and will be meeting with CEOs of a dozen companies today. Many executives have already voiced grave concerns about the consequences of the looming standoff over the fiscal cliff.

73% of participants of a Wall Street Journal CEO conference earlier this week said their primary concern was the fiscal cliff.

How the hell do you actually move TWICE as far away to the left from your previous bargaining posture while simultaneously self-congratulating yourself for “compromising” and demonizing the party that HASN’T moved twice as far to the right on their bargaining position?  I don’t know, but with the help of the worst media propaganda since Goebbels, Obama has managed to do it.

Statement of fact: “The offer is twice as high as a deal Obama scuttled last year, suggesting he may be prepared to let talks fail again.”  That deal – which took Boehner to the breaking point – called for $800 billion in tax hikes.  Now Obama is demanding tax hikes that will be TWICE as high as last time.  While somehow trying to simultaneously claim that HE is the one willing to compromise!

Republicans – you know – “the obstructionists” – have offered Obama revenues that match what he says he needs by eliminating and/or capping deductions.  And it turns out that Obama HIMSELF has argued that what the Republicans are proposing is a solution:

The idea of curbing tax breaks isn’t new. Tax policy experts have touted it for  years and Democrats, including President Obama, have proposed it in one form or  another. That’s why it may offer a key to resolving the fiscal cliff.

So this isn’t about raising revenue; this is about targeting one group of people to punish them for daring to try to be successful in America.  This is about an out-of-control government demanding more and more control.  This is about pure demagoguery, pure and simple.

The fact of the matter is that Obama has DOUBLED DOWN on his demand while the Republicans have offered a surprising concession in being willing to increase government revenues.  But because we live in a world that Joseph Goebbels would love, the media STILL portrays Obama as the man who is “compromising” even though he is in fact demanding TWICE as much and the Republicans as “obstructionists” even though they are massively compromising.

I’m not the only human being who can see the massive, galling, astonishing hypocrisy and dishonesty from the Democrat Party, am I?

It doesn’t matter if the Republicans come to the table willing to compromise or not; they are demonized anyway, just the same.  So why compromise?

If Democrats want tax hikes, let’s give them to EVERYBODY.  If you want somebody else to pay more taxes, dammit, YOU should pay higher taxes.

I was looking for some way forward for Republicans and some way out of this fiscal cliff mess.  But let’s just go off that damn cliff.  Because there is no possible way to negotiate with people as deceitful and dishonest and disingenuous as Democrats have proven themselves to be.  And because “the cliff” can’t be any worse than the direction Obama wants to take America, anyway.

What I’d Do To Resolve Stalemate Between Republicans And Democrats On Taxes Targeting The Rich

November 16, 2012

We seem to be in a real fix.  Obama won reelection and seems to think he had a mandate.  In reality, Obama is the first president in American history who got reelected with a SMALLER percentage of the vote and electoral college majority than he did in 2008.  Very much like hated Republican boogeymen such as Ronald Reagan and George W. Bush, who were both reelected with larger majorities than they first got into office with.

And yes, the same electorate that gave Obama a “mandate” also reelected an overwhelmingly Republican House of Representatives and gave THEM a mandate.  If Obama has a damn mandate, then the Republican House has every damn much as big of a mandate as Obama has.

For the record, if you want to see what an actual “mandate” really looks like, click here.  Because Ronald Reagan had a mandate.

That versus Obama’s “food stamp mandate” is all you should need to know which side has had a plan to truly build an America that can increase in size and power and which side has a plan to bring America to its knees and ultimately to extinction via unsustainable welfare spending to buy off voters as jobs are destroyed.

So if Obama wants, he can have a pissing contest and insist that Republicans betray their most deeply held convictions about what creates job growth and what STYMIES job growth.  And the only people who will lose are the American people.

The simple, repeatedly historically-proven fact is this: Tax Cuts Increase Revenues; They Have ALWAYS Increased Revenues.  It is a simple fact of history that when Calvin Coolidge cut the income tax rates, we got an economic boom and increased our tax revenue by increasing economic growth.  When John F. Kennedy cut the tax rates, voilà, we got more revenue.  When Ronald Regan cut the income tax rates, we got a twenty-year trajectory of economic growth.  And yes, when George W. Bush cut the tax rates, guess what?  We got significantly higher tax revenues than we had had before Bush cut taxes.  And to this day the highest year of tax revenues was NOT in the early 1960s when the top marginal rate was 92% and we had a godawful tax revenue problem, but in 2007 under George W. Bush.

Bill Clinton increased taxes in 1993.  And the economy responded with such weakness that the American people decided to elect the largest Republican majorities that took over both the House AND the Senate in history just to show you how well the Clinton tax hike worked.  Do you want to know when Clinton got real economic growth?  After the Republicans were elected, after Clinton said “The era of big government is over” and after he signed the Republican-originated and Republican-passed Taxpayer Relief Act in 1997 which massively cut the capital gains tax rate.

Obama simply does not have the instinct to compromise that Bill Clinton did.  Which is why we have this exchange with ABC anchor Charles Gibson:

MR. GIBSON: You have however said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton, which was 28 percent.”

It’s now 15 percent. That’s almost a doubling if you went to 28 percent. But actually Bill Clinton in 1997 signed legislation that dropped the capital gains tax to 20 percent.

SENATOR OBAMA: Right.

MR. GIBSON: And George Bush has taken it down to 15 percent.

SENATOR OBAMA: Right.

MR. GIBSON: And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

SENATOR OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.

In that exchange, Obama officially admitted, “I will not collect as much revenue by attacking the rich.  But I don’t care.”

Obama wants to target the rich, demagogue them, punish them, gin up the kind of class warfare rage that Karl Marx ginned up in his day.  And we just saw, as morally depraved as it is, it’s apparently goooood politics with an amoral American people.  The problem is that what will happen if Obama gets his way is that we’ll see LESS revenue, NOT more.  The rich will increase their rate of withdrawing money from the economy, from investment and from job creation, and instead shelter it and spend it on tax attorneys to keep as much of their money as they can.  We’ve seen this over and over again.

If you actually wanted more tax revenue, i.e., money that could actually help the poor, the smartest thing you could do would be to cut the tax rates and allow investment and business growth to increase the size of the economy and the tax base.  And the very stupidest thing you can do would be to listen to Obama.

Well, the American people are stuck on stupid.  And here’s the fix the Republicans are in: Obama will keep demagoguing and claiming that the answers to America’s prosperity are found in Marxist class warfare.  The implicit message is that the communists got it right; and the means to prosperity is to seize the wealth and redistribute it.  I mean, you can take out the words like “socialist” and “Marxist” and “communist,” but what you can’t do is describe what Obama wants to do and not realize that it’s fundamentally Marxist in approach.  Both want to seize the wealth and redistribute that wealth.  Period.  And so if the Republicans don’t give Obama his tax attack on the rich, we’ll go off the fiscal cliff and Obama – even though the fiscal cliff was HIS idea – will blame the Republicans for it.  And he will succeed, because the mainstream media is nothing more than leftist propaganda these days.  And as we fall off the cliff and into recession, Obama will keep explaining “why”: because Republicans are obstructing and protecting the rich at the expense of the rest of the people.

As completely wrong as Obama is, it his course is by far and away the easiest to demagogue.  When you realize that if all the people who got food stamps voted for Obama, there’s 75% of all the people who voted for him right there with just that, you see how politically powerful Obama’s course is.  At least until America fiscally collapses under the sheer massive weight of its debt.

So what do I propose?  Let Obama have his way.  IF.

Obama says that attacking and devouring the rich is the path to American prosperity.  Prove it, Mister President.  Tell us how much your tax increase will increase tax revenue.  Put a specific number on that claim into the version of the bill that Obama must sign.  And if tax revenues do not go up by the amount you said that they would go up, THEN YOU ARE WRONG.  No excuses.

As an example, consider what the Bush Tax Cut did:

For the record, President George Bush’s 2003 tax cuts:

raised federal tax receipts by $785 billion, the largest four-year revenue increase in U.S. history. In fiscal 2007, which ended last month, the government took in 6.7% more tax revenues than in 2006.

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007. That last figure is just 1.2% of GDP, which is half of the average of the past 50 years.

Lower tax rates have be so successful in spurring growth that the percentage of federal income taxes paid by the very wealthy has increased. According to the Treasury Department, the top 1% of income tax filers paid just 19% of income taxes in 1980 (when the top tax rate was 70%), and 36% in 2003, the year the Bush tax cuts took effect (when the top rate became 35%). The top 5% of income taxpayers went from 37% of taxes paid to 56%, and the top 10% from 49% to 68% of taxes paid. And the amount of taxes paid by those earning more than $1 million a year rose to $236 billion in 2005 from $132 billion in 2003, a 78% increase.

Do you notice that not only did tax revenues massively increase, but in fact the percentage of taxes paid by the rich also massively increased?

Read what even the New York Times was forced to acknowledge about the FACT that the Bush tax cuts increased revenue:

Sharp Rise in Tax Revenue to Pare U.S. Deficit By EDMUND L. ANDREWS Published: July 13, 2005

WASHINGTON, July 12 – For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.

A Jump in Corporate Payments On Wednesday, White House officials plan to announce that the deficit for the 2005 fiscal year, which ends in September, will be far smaller than the $427 billion they estimated in February.

Mr. Bush plans to hail the improvement at a cabinet meeting and to cite it as validation of his argument that tax cuts would stimulate the economy and ultimately help pay for themselves.

Based on revenue and spending data through June, the budget deficit for the first nine months of the fiscal year was $251 billion, $76 billion lower than the $327 billion gap recorded at the corresponding point a year earlier.

The Congressional Budget Office estimated last week that the deficit for the full fiscal year, which reached $412 billion in 2004, could be “significantly less than $350 billion, perhaps below $325 billion.” The big surprise has been in tax revenue, which is running nearly 15 percent higher than in 2004. Corporate tax revenue has soared about 40 percent, after languishing for four years, and individual tax revenue is up as well.

You can say whatever the hell you want, liberal.  But the Bush tax cut resulted in a fifteen percent increase in tax revenue.  According even to the New York Times.

Allow me to interject here that liberal “intellectuals” are actually the stupidest people in the world.  Forrest Gump said, “Stupid is as stupid does.”  And what makes Forrest Gump an authority here is that he was a mentally retarded man who listened to the common sense wisdom of a mother who was determined to teach her son to succeed in the real world.  And the story teaches us that Forrest listened to his mother’s wisdom and lived his life according to her proverbs – and he flourished while all the “smart” people around him either lived like fools or came to embrace Forrest Gump’s wisdom.  In the same manner, liberal intellectuals are profoundly stupid people because they hate the world as it actually is and are determined to replace reality with their various “-isms” – such as communism and fascism and existentialism and postmodernism and nihilism – instead.  They refuse to see the world as it is and constantly seek to impose morally idiotic theories that are utterly false.  And that is precisely what they are doing now with their tax demagoguery.  Because “redistributionism” is every bit as stupid and unrealistic of an “-ism” as all the other “-isms” I just listed.

Getting back to point, what numbers do YOU have to “put your money where your mouth is,” Obama???  Are you prepared to make specific guarantees that your tax plan will increase revenues and increase the size of the economy such that if those numbers don’t materialize, YOU ARE PROVEN WRONG AND YOUR TAX HIKE WILL AUTOMATICALLY BE ENDED ACCORDING TO THE PROVISIONS IN THE BILL?

Republicans should force Obama to produce hard numbers predicting the revenues his tax hikes will generate by a specific time.  And also demand to know up front exactly how much Obama’s tax warfare plan will reduce the debt.  And Republicans ought to demand that if those hard numbers and dates aren’t met, that Obama’s tax warfare will automatically end and the Bush tax cuts will automatically take their place.

At the very least, that would at least give some demagoguery to the Republicans for a change.  Because if Obama says, “Well, my Marxist tax war on the rich won’t actually have very much effect even in my best case scenario,” then Republicans can rightfully ask, “Then why the hell have you spent most of the last four years harping on it, you demagogue?”  And if Obama wants to make grandiose predictions, then those predictions can and should be hard-baked into the legislation which should also include triggers to kill it if those grandiose predictions aren’t actualized.

Republicans control one-third of the government.  But Democrats clearly have the ball.  The trick is to hold Democrats RESPONSIBLE for their grandiose claims such that if those claims aren’t fulfilled, they are disgraced officially and for the permanent historical record.

Give Obama what he wants – but make him and the Democrat Party pay dearly for it if what happens isn’t what they say will happen if they get their way.

And if Obama won’t agree to these terms, well, then, simply tell Obama’s supporters that if you people want tax increases, well, you should damn-well GET your tax increases.  And you will therefore get to pay the high taxes that you hypocritically and dishonestly wanted to force on somebody else now.  Because the people who ought to be paying the highest taxes in this country are the people who say that somebody ELSE ought to pay higher taxes while they get off scott free.  So to hell with it: let EVERYBODY pay high taxes and be done with it.

And we’ll be able to find out that way that Democrats are liars and that you can’t tax your way into prosperity, too.

I write this because the tactic of fighting over every mole hill shouldn’t be our tactic any longer.  We just lost that battle, I would argue.  If the Democrats demand something like these tax hikes and promise it will fix the economy, oppose it philosophically, demand language within the legislation itself that will officially make the Democrats completely responsible for their false promises, and then let them destroy themselves and as much of America as it takes to finally realize that Democrats are a bunch of pied pipers who are leading us to our national extinction.

Congratulations, America, You Got What You Voted For: Soaring Unemployment, A Crashing DOW. Next Comes The Beast (You’ll Be Worshiping Him Soon)

November 15, 2012

As I noted, the day following the re-coronation of Obama as the Pharaoh in Chief saw the DOW plunge to historically high levels as investors and businesses pretty much said, “To hell with it.”

The 313 point plunge in the DOW on November 7, 2012 was the second worst point-drop in history following a presidential election and tied for fourth in American history in terms of overall drop in value.  Obama actually set the record for both categories when he was elected in 2008: the day of November 5, 2008 that followed the news that Obama would have his first four years to destroy the American economy was greeted with an almost 500-point drop or a 5% decrease in the value of the DOW.  And November 7th’s DOW drop puts the kibosh on any assertion that November 5 of 2008 was somehow a fluke.  So let’s say it with enthusiasm: “you’re #1, Obama!  No one but no one can destroy an economy like you!”

In both cases, it was the economy saying that a president like Barack Obama who would declare war on jobs, on productivity, and pretty much on anything that makes America great, is akin to a judgment of doom for this nation.

Since Obama was reelected, investors and business have decided that the economy and job-creation will take a four-year vacation.  The DOW has taken a nearly 700-point plunge since Obama was reelected as of today.

I know, I know, liberal.  Those vile rich people should all die and their flesh should be ground up for food after all the wealth they worked so hard to build for themselves and for their children has been confiscated and redistributed.

Here’s the thing: jobs are going the way of the Dodo bird and rich people in America.  Because people who voted for Obama don’t want jobs; they want socialism and communist redistribution of other people’s money.

The Lonely Conservative – and dang, I’m feeling kind of lonely since last week too, I’ve got to admit – posted these little factoids about Obama and the job boom that will now clearly never happen:

Initial Jobless Claims Soar To 439,000 – Updated
November 15, 2012
By Lonely Conservative

Isn’t it interesting that the jobless claims reported in the weeks leading up to the election were so low, and now that the election is behind us we get a report like this one? Of course, it was all unexpected to economists, who didn’t see the whopping 439,000 coming. Naturally, MarketWatch is doing their duty and blaming it on Sandy. You know, because it couldn’t have anything to do with the massive layoffs due to Obamacare.

The damage caused by Hurricane Sandy sent U.S. jobless claims soaring by 78,000 in the week ended Nov. 10 to an 18-month high of 439,000, according to the latest government figures. A Labor Department official on Thursday said claims surged in the eastern parts of the country that laid in the path of the storm. The destruction of job sites, closure of government offices and widespread power outages caused more people to file claims after an initial delay. Economists surveyed by MarketWatch had expected claims to climb to 380,000 on a seasonally adjusted basis. Initial claims from two weeks ago were revised up to 361,000 from an original reading of 355,000, based on more complete data collected at the state level. (Read More)

Good grief, when they revise this number what will it go up to?

If that’s not bad enough, have you seen how the stock market has been doing since the election?

Ever since Obama won eight days ago, stock prices are down about 4% as this is being recorded. So stocks peaked September 14—two months before the election—when the Federal Reserve announced the current version of quantitative easing, and stocks held up pretty much right through an election day rally.

But now that the election is over stocks are dropping with no bottom in sight. This is no accident given investors’ fears of higher taxes and continued big spending, including higher taxes on capital gains, which inevitably will tank the economy. In fact, I believe we are headed for a recession. (Read More)

Well, it’s not like people weren’t warned. If you’re an Obama voter and having second thoughts, you might want to re-think where you get your news in the future.

Update: Zero Hedge is a good place to get economic news, like this:

The latest initial claims data posted a multi-year high 104,548 surge in weekly NSA claims from 361,800 to 466,348, and even the Seasonally adjusted number soaring from 361K to 439K on expectations of a 375K print. In other words, a complete disaster for any economic data bulls. What is truly amusing is that the same Wall Street “experts” who set expectations were unable to foresee the Sandy effect that every “macrotourist” on Twitter apparently is so very aware of. Also, it is apparently also “Sandy’s fault” (now that the Bush excuse is back in retirement) that the prior week’s claims were revised from 355K to 361K. Basically, just as we said 3 weeks ago, ignore every negative data point: it is Sandy’s fault. However, for the snapback, when there actually is good news to be had, well, “four more years.” Finally, to all the Sandy apologists: is the logic here that: if Hurricane, then Fire everyone? Because that is what is implied… (Read More)

Update 2: Oh look – The Euro Zone is in another recession, so jobless claims can be blamed on that!

Update 3: The states with the highest number of new jobless claims were Ohio and Pennsylvania. Go figure.

That 439,000 new jobless filing is the worst since April of 2011.

“Forward” is a great slogan and everything, but the only way Obama is going to take America “forward” is to drive us off the fiscal cliff that was his bright idea to create in the first place (and see here for more because Obama set this disaster up from the very start).  The fact of the matter is that it is a documented fact by one of the great journalists in American history that the idea for sequestration – i.e. the “fiscal cliff” or “taxmageddon” – came from Obama’s chief of staff Jack Lew and Rob Nabors (Obama’s White House Assistant to the President and head of the White House’s Office of Legislative Affairs).  The money quote:

At 2:30 p.m. Lew and Nabors went to the Senate to meet with Reid and his chief of staff, David Krone. ‘We have an idea for the trigger,’ Lew said. ‘What’s the idea?’ Reid asked skeptically. ‘Sequestration.’ Reid bent down and put his head between his knees, almost as if he were going to throw up or was having a heart attack. He sat back up and looked at the ceiling. ‘A couple of weeks ago,’ he said, ‘my staff said to me that there is one more possible’ enforcement mechanism: sequestration. He said he told them, ‘Get the hell out of here. That’s insane. The White House surely will come up with a plan that will save the day. And you come to me with sequestration?’ Well, it could work, Lew and Nabors explained. What would the impact be? They would design it so that half the threatened cuts would be from the Defense Department. ‘I like that,’ Reid said. ‘That’s good. It doesn’t touch Medicaid or Medicare, does it?’ It actually does touch Medicare, they replied. ‘How does it touch Medicare?’ It depends, they said. There’s versions with 2 percent cuts, and there’s versions with 4 percent cuts.” (Bob Woodward, The Price Of Politics, 2012, pp. 326)

So anybody who wants to assert that sequestration originated ANYWHERE other than the Obama White House is a documented liar.  Not that liberals care about being documented liars.

Let me explain to you how Obama will use the sequestration monster that he created in terms of a cartoon analogy: the mad scientist builds a giant indestructible killer robot that he threatens to turn loose on America unless the nation bow down before him and do whatever he wants.  Unfortunately, in the cartoons super heroes show up to defeat the giant killer robot and save the day, and all we’ve got as heroes now is a House filled with mostly shocked and awed Republicans.

Obama is threatening to use the vicious, economy murdering monster that he built (without ever actually bothering to acknowledge that HE was the one who built it, fwiw) to bring down America unless he gets the war on the rich that he so desperately wants as a true ideological Marxist.

It doesn’t matter to the American people that Obama invented sequestration.  It doesn’t matter that sequestration will result in shockingly high unemployment and recession.  It doesn’t matter that Obama is and has been saying all along he would plunge America into joblessness and serious recession unless his demands to directly attack job creators and investors are not met.  It doesn’t matter that when America needed to be saved from sequestration, Obama was swearing he would veto any bill that tried to save the nation from his monster.  All that matter is that Obama will be depicted by the mainstream media as the good guy and the hero and that the Republicans will be portrayed as the villains who somehow caused all this mess (because we’re not going to remember that Obama actually caused it).

This is a country that just boldly declared that it truly deserves to suffer.  And it is going to get the true suffering that it so boldly deserves.

If you believe that businesses and investors think that Obama will be anything other than an unmitigated disaster for America, and that in cutting their own losses they will cut the thread that our economy is hanging upon, you are insane.  There is absolutely no question that Obama-believers are morally insane, but you can add clinically “disassociated from reality” to the list.

Under Obama, America dropped from first place to seventh place after losing ground every single year of his presidency.  Not that that matters one wit to liberals, of course.

The Obama presidency will leave an America that is “worse tasting, smaller-sized and higher priced.”

We’ve already seen unparalleled “messiah-worship” of an American president in Obama: we’ve seen the man literally place his image on the flag because he thinks HE is America and the only thing that America should love.  We’ve seen the Obama campaign team refer to Obama as “Black Jesus” to kick out Christ and replace the King of kings and Lord of lords with Obama.  And yes, we’ve seen the enthusiastic determination of Democrats to replace Jesus with their REAL messiah, Obama.

Obama is Just Like Jesus, says his wife.  There’s no such thing as “us and them”.  Red and yellow, black and white, all are precious in Obama’s sight.  The sheer worship is absolutely astonishing.

The Democrat Party under Obama is the Party that kicked God out of its platform before hastily deciding to put Him back in to a loud chorus of boos from the Party that Shakes Its Fist At God (see also here).

The Democrat Party under Obama or pretty damn much everybody else is the Party of Holocaust with 55 million innocent human beings butchered in a manner that I would not want to put an insect through.  One day every single Democrat will stand before the Father while flames of wrath billow out from His Throne and give an answer for why they supported the ugliest mass murder of human life in all of history.

The Democrat Party under Obama is a Party that worships homosexuality and sodomy.  And as much as they worship sodomy and homosexuality, they hate God, they hate the Bible, they hate Judeo-Christianity, they hate Western Civilization, and they viscerally hate and despise the name of Jesus.

And America has been paying for its support of this party for the past six years.  Because when America decided that demagogic Democrats Nancy Pelosi and Harry Reid should run the House and the Senate back in 2006, unemployment was 4.4%.

And of course Democrats were bitching up a storm at that unemployment rate and swearing up and down that they could do better.  And instead they led America “forward.”

“Forward” to the Antichrist and the mark of the beast.

According to the Bible, the coming Antichrist will be worshiped as God.  Let me ask you, how does that happen?

Prior to the coming of the Antichrist, America and the rest of the world will experience a financial collapse the likes of which the world has never before seen.  The world will suddenly find itself awash in wars and famines and mass deaths.  Things will be looking grim beyond belief.

And then suddenly, as if riding in on a white horse to save the day, will come the figure that the Bible has described as “the beast.”

We are watching that collapse building and growing and metastasizing.  And when we voted for Obama, we voted for the collapse and for the beast who would come because of that collapse.

And the same people who voted for Obama are the same sorry already-doomed fools who will worship the beast and enthusiastically take his mark on their right hands or on their foreheads.  Because the mark of the beast will be nothing more than the ultimate, big government, liberal economic plan.  It will represent everything that the Democrat Party – and for that matter the Communist Party – has been building toward for the last eighty years.

It wasn’t merely Obama who will have murdered America – although Obama will ultimately be the poster boy for the murder and downfall and collapse of America.  No, this was a process began by Democrats and initiated and implemented under FDR in 1932 with Social Security.

The real “national debt” that will bankrupt America isn’t the $16 trillion that Obama is responsible for 60% of in only four misbegotten years as our Pharaoh; it’s $222 trillion, and in fact $224.75 trillion given the fact that that report of $222 trillion is a few months old now.

You need to understand that the Obama regime is “the Cloward and Piven presidency.”  And you need to understand why Democrats are so relentlessly pushing for a complete collapse of the United States of America.  As I wrote back in 2009:

The only question, given the massive debts Obama has already accumulated – deficits that literally are more than every president has accumulated from George Washington to George W. Bush, combined – is whether the Cloward-Piven strategy will yet have its chance to work.  It might already be too late.  When you look at our real national debt of more than $100 TRILLION and realize that we cannot possibly repay it, if you have any sense you should get more than a little bit concerned that our leaders simply WILL NOT control their spending.

The Democrats have an endgame: when the system collapses, the panicked people will turn to the very government that created the calamity and demand that it take care of them.  And that is precisely what big government liberals have always preached.

Notice that we went from talking about debt of “more than $100 trillion” to “more than $222 trillion” since then.  But also notice that there’s an endgame in mind: when America collapses, a desperate people who already demonstrated to all time and eternity that they are a) stupid and b) depraved will demand that the government step in to help them.  And bingo, you’ve got the communist state that Democrats have dreamed of since liberals forced LBJ to quit trying to fight communism so they could join the communists.

Democrats like Obama are hoping for a complete American collapse because they believe they can steer it in the direction they desire.  And of course, under the leadership of the Antichrist, that question will be answered with the words, “Yes we can!”

Obama Gives America One Of Worst Post-Presidential Market Plunges In History As Businesses And Investors Say Sayonara To Economic Growth, Jobs

November 8, 2012

Businesses and investors told America what they thought of their idiotic choice for president yesterday with the biggest market plunge in a year the day after Obama was reelected.

The Dow dropped 313 points, or 2.4% of its total value on the trading day immediately following the Obama reelection.

Interestingly, Obama has two of the five worst market plunges on the day after a presidential election, and you’ve got to go back to the 1930s and 1940s to see worse market disasters:

Other post-election plunges in the stock market
Posted: Nov 07, 2012 2:35 PM PST Updated: Nov 07, 2012 2:35 PM PST
By The Associated Press

The Dow Jones industrial average fell 2.4 percent, giving it its fifth worst one-day drop following a U.S. presidential election. The biggest, in 2008, came in the midst of the financial crisis on the day after President Barack Obama won his first term. Here are the worst five one-day post-election drops since 1900, according to Bespoke Investment Group:

Election Day: Nov. 4, 2008.

Winner: Barack Obama.

One-day loss in the Dow Jones industrial average: 5 percent.

Election Day: Nov. 8, 1932.

Winner: Franklin Delano Roosevelt.

One-day loss in the Dow Jones industrial average: 4.5 percent.

Election Day: Nov. 2, 1948

Winner: Harry Truman

One-day loss in the Dow Jones industrial average: 3.8 percent.

Election Day: Nov. 5. 1940

Winner: Franklin Delano Roosevelt.

One-day loss in the Dow Jones industrial average: 2.4 percent.

Election Day:

Winner: Barack Obama.

One-day loss in the Dow Jones industrial average: 2.4 percent.

Notice that all five of these turd presidents whom the market rejected were Democrats.  And notice that the only OTHER winner of two “Turd of the Year Awards for Market Disaster” was the guy who kept America in the Great Depression.  You would have thought that America would have learned from the LAST time we got Obama and the market collapsed the most in presidential election history.  Oh, well.  Why not just blame this time on Bush, too?

I don’t know.  Maybe my schadenfreude slip is showing, and maybe I just don’t give a flying damn what happens given that I know Obama will plunge America into the worst economic disaster in the country’s history and figure it might as well happen sooner rather than later.  That and the fact that, given that America voted to collapse in voting for Obama, we might as well get what we actually voted for.  I mean, we sure as hell didn’t get what we voted for the LAST time we voted for “Mister hope and change,” did we?  Rather, we got four years of blame and excuses, which doesn’t even kind of sound like hope and change.

If liberal ideologue MSNBC moron Chris Matthews can be glad Hurricane Sandy hit America so Obama could win, well, I suppose I can pretty much be happy for damn near any disaster and liberals can’t bitch without being hypocrites.  Mind you, that won’t stop them from bitching at me BECAUSE THEY ARE HYPOCRITES.

A lot of your more stupid Americans are still blaming Bush for the terrible economy while exonerating Obama, according to exit poll data.  Don’t worry if you think that trend can’t possibly continue: because those people will be just as stupid in four years when they’ll STILL be blaming Bush for the bad economy as they are now.  Apparently Bush is to stupid people what Bogeyman is to naive children.

The beast is coming after the economy completely collapses.  I really want to make sure everybody knows that.

In other news the deadline for America to fall off the fiscal cliff that Obama set up for us is January 1, 2013.

It gives me great comfort to know that I’ll be singing praises to the name of Jesus Christ in heaven before very much longer.  And it frankly bothers me very little that on that day liberals on earth will be simultaneously cursing the day they ever heard the name of Barack Hussein Obama.

Truly Amazing Fascism Alert: Obama Promises To Pay Defense Contractors’ Legal Fees If They Will Violate Federal Law So He Can Get Re-elected

October 1, 2012

You first need to understand that there is something called the WARN Act that requires contractors to notify employees 60 days in advance if they will be laid off.

Obama is literally telling contractors, “I want you to violate federal law for me and basically screw your workers by telling them, “Surprise!  You’re laid off!” with absollutely no warning so Obama can get reelected.  Because if 2 million layoff notices go out he’s toast.  And Obama is quite literally saying to the contractors, “If you break the law for me so that I can get reelected before the American people realize what I did to their country, I’ll redistribute taxpayer money to pay for your legal costs when you get sued for breaking the law for me.”

White House to contractors: Hold off on layoff warnings
By Jeanne Sahadi @CNNMoneySeptember 28, 2012: 6:51 PM ET

NEW YORK (CNNMoney) — The White House on Friday told government contractors worried about fiscal cliff spending cuts to hold off on warning employees about possible layoffs.

The government said it would cover legal costs if contractors are forced to slash their payrolls because of the looming $109 billion in automatic cuts next year and are alleged to have violated the WARN Act.

The federal WARN Act requires businesses with more than 100 employees to notify workers at least 60 days in advance of a mass layoff or plant closing. Some states require more notice.

“Any resulting employee compensation costs for WARN Act liability as determined by a court, as well as attorneys’ fees and other litigation costs (irrespective of litigation outcome) would qualify as allowable costs and be covered by the contracting agency, if otherwise reasonable and allocable,” the Office of Management and Budget said in its guidance.

Top CEOs: Fiscal cliff is hurting jobs

Defense contractors in particular have warned for months that the upcoming sequester would cost jobs in their industry. And Lockheed Martin’s CEO has said publicly he may be forced to issue notice this fall of possible layoffs in 2013.

If other contractors follow suit, there could be a rash of layoff notices spooking employees right before Election Day.

Both parties in Congress created the sequester — a series of thoughtless, automatic, across-the-board cuts — as a way to force their hand to agree on a more gradual bipartisan debt-reduction plan.

Well, that hasn’t happened yet. And if lawmakers can’t agree on how to replace the sequester soon, the cuts become effective on Jan. 2.

Gee, I’m not a lawyer and I’m not qualified to offer legal advice blah blah blah, but isn’t it kind of blatently illegal for the government to proactively offer to cover legal costs to encourage company to violate federal law for partisan political motivations?  Not that such trivialities matter in Nazi Germany or anything…

I think Obama should come out and blame these layoffs on that anti-Muhammad Youtube video.

What is the purpose of the WARN Act?  It is to give workers who are facing layoffs time to look for another job so they can have a chance to pay their mortgages and feed their families.  Obama is saying, “I don’t care about the workers and their rights; I am the messiah and my campaign is far more important.”

So these companies are legally required to send out these notices 60 days before January 1, 2013, so that the 2.14 million workers who are about to be laid off can at least send out some resumes.  But not now; thanks to Obama and his endless campaigning, the layoff will be a big surprise.  And Obama is saying, “If you will violated the law and screw your workers for me, I’ll make sure the taxpayers cover your legal expenses when these enraged workers sue you because you broke the law as I told you to do.”  Which amounts to a massive campaign donation to Obama from the taxpayers to help Obama get reelected.

As I just got through pointing out, the sequestration and the gutting of the defense industry that will create these layoffs was Obama’s idea.  Further, as I pointed out, Obama has already gone on the record stating that he would VETO any manuever to prevent the defense industry from being gutted that will require these 2.14 million layoffs.

So this is nothing more than yet another example of Obama refusing to be held accountable for his failed policies by the American people whom he is hurting.


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