Archive for the ‘Economy’ Category

In Washington DC there are three passions that rule this town – politics, football, and politics. Living here has given me front row seats to a pair of leadership trainwrecks in Daniel Snyder and Barack Obama. As both have been experiencing difficult times lately, it seemed like a good time to write about the similarities I’ve noticed between the two.

First off, I moved to the DC area in 1999, the same year that Dan Snyder bought the Washington Redskins. Interestingly enough, the job that brought me here was working for Snyder’s old company, Snyder Communications. Also, I never met the man during my time working there, and from the stories I’ve heard about him that’s not a complaint.

For those of you unfamiliar, Snyder immediately became a big news item from the beginning. He was brash, energetic, and has had no problems making bold moves as owner. Whether it was interrupting summer camp by arriving in his helicopter during practices, expanding Fedex Field’s seating while raising ticket prices, and charging admission to summer camp for one season. Also, despite having no background in football, he became heavily involved in the team. Snyder held post-game meetings with his head coaches, brought in a big name personnel man from the 49ers Super Bowl Dynasty (Vinny Cerrato), has chased down and overpaid big name coaches, and has even micro managed to the point of firing several kickers over the course of a season for blown kicks. Read the rest of this entry »

In the summer of 2008, then presidential candidate Barack Obama delivered  a historic campaign speech in Germany. With the Berlin Wall as a back drop, Obama proudly informed the masses that he was not there as a candidate, but as “…a fellow citizen of the world.”

The crowd went crazy and the world rejoiced. Finally, the United States was ready to join the community of man.

In what former U.S. ambassador to the UN John Bolton calls our first post-American President, Obama has bestowed instant cachet on the growing ranks of Americans who revel in the thought of being the first in their own social set to be considered cutting edge ‘citizens of the world.’ Especially since joining this community of global citizens confers upon them automatic (albeit, unearned) virtue, along with instant and unassailable moral stature.

For those of you who just aren’t with it, (like Christians, conservatives and a few Republicans) here are the latest, up to the minute, details on how to gain inclusion in this trendy and politically correct group.

To become a ‘citizen of the world,’ you must first and foremost declare your support for the disenfranchised. Preferably in front of a camera in a very public forum. Just pick a group of victims upon whom you will bestow your empathy and support. The only caveat being that they reside in underdeveloped countries ruled by misunderstood men of good will like Uganda, or Cuba, or Somalia, or…well, you get my drift. Oh, and make sure everyone understands that these victims are only victims because of George W. Bush and/or America. Read the rest of this entry »

No bias in the reporting of this new poll eh?

cnnobamapoll

They fail to report on some pretty significant drops in the poll….drops that if it had been swung the other way would of been in big bold letters:

Fifty-four percent of respondents to the latest CNN poll disapprove of Barack Obama’s performance on the economy, a 17-point swing in six weeks. That isn’t the worst of the poll, either; 57% now disapprove of Obama’s performance on health care, a 19-point swing in that same time.

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a 17-point reversal on the economy and a 19-point reversal on health care would be, well, news. One has to wonder why neither get mentioned in a report on the popularity of a president whose central issues are health care and the economy. The rapid disintegration of his popularity on these positions will have enormous implications for Obama’s ability to push his agenda through Congress in both arenas, and also on the midterm elections a year from now if this becomes a trend.

In fact, it’s hard to find an issue where Obama has not lost ground: Read the rest of this entry »

Oh boy: (h/t Doug Ross)

The [Fannie Mae] “seriously delinquent” rate has gone parabolic, increasing by roughly 5% sequentially and just under 300% YoY [year-over-year]. As mere text will simply not do this metric justice, please enjoy this chart of the dataset from Blytic. It tells you all you need to know about the Fed’s containment of the housing problem. Read the rest of this entry »

The international movement to provide the United Nations (UN) with unprecedented power and influence over world affairs has found a seemingly innocuous, but deceptive train to ride. The North American perception of this world body founded in 1945 has become that of a vast, but vapid and corrupt organization. The UN “Climate Change” train will change that impression, but not for the better. With support from the Obama administration, the path ahead will place the UN on a track toward receiving an irreversible influence over our lives. The continuing corruption will render untold dividends for the corrupt and morally repugnant.

There are currently 192 countries making up the United Nations members list. The vast majority of the member nations are dictatorships by any other name. You can dress their leaders in fancy robes and toss an occasional crown on a head, but from Saudi Arabia to Libya and Gambia, their leaders oppress their populations. They loot as much as they can from their economies, while enjoying a comforting credibility rubbing shoulders with other narcissistic misanthropes under the opulent umbrella of the UN General Assembly.

The UN has never been an effective vehicle for achieving real peace and security, although it was intended to achieve exactly that when it replaced the impotent League of Nations. The overwhelming power of the United States has been the major underlying force that has prevented major international wars since WWII. The UN has been an inept bystander to international affairs. America’s power and influence has generated kick-back that has been fomented within the UN where jealousy found broad fertile ground amongst a majority of member nations, including Europeans such as Norway, and Denmark. No need here to extend the list of envious pretenders that easily includes the likes of Russia.

The reaction against the U.S. found new energy when the world found itself in an economic recession, and fingers could be pointed at America for having been too self serving. In slide the opportunists. Beating the newfound drums of climate change fear and catastrophe, they will mutate the upcoming Copenhagen meeting on climate change into a perfect vehicle through which begrudging usurpers will once again attempt elevating the UN to status of world power, “over” the U.S. Read the rest of this entry »

Associated Press confirms what we first reported a few days ago…

Stimulus jobs overstated by thousands
By BRETT J. BLACKLEDGE and MATT APUZZO
Associated Press
Oct 29,2009

WASHINGTON (AP) – An early progress report on President Barack Obama’s economic recovery plan overstates by thousands the number of jobs created or saved through the stimulus program, a mistake that White House officials promise will be corrected in future reports.

The government’s first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.

The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

For example:
Read the rest of this entry »

Man, the lefties must really be hating Liebeman nowadays:

“We’re trying to do too much at once,” Lieberman said. “To put this government-created insurance company on top of everything else is just asking for trouble for the taxpayers, for the premium payers and for the national debt. I don’t think we need it now.”…

Lieberman did say he’s “strongly inclined” to vote to proceed to the debate, but that he’ll ultimately vote to block a floor vote on the bill if it isn’t changed first…

“I can’t see a way in which I could vote for cloture on any bill that contained a creation of a government-operated-run insurance company,” Lieberman added. “It’s just asking for trouble – in the end, the taxpayers are going to pay and probably all people will have health insurance are going to see their premiums go up because there’s going to be cost shifting as there has been for Medicare and Medicaid.”

Since that statement came out earlier today the Reid camp…or cheerleaders….have tried to spin it so it doesn’t sound as bad as it really is. I mean how can it be bad if Joe will vote to open floor debate on Reid’s bill? Of course they are leaving out the other vote…the one that closes debate and moves the bill to a vote. Joe says he will NOT vote for that if the public option is there.

Good for him.

RINO Snowe says she won’t vote for the public option either….at least today she is saying it: Read the rest of this entry »

I know someone who skipped out on class to attend President Obama’s speech at MIT on Friday (she’s a fan).

I suppose she remained unphased by his dazed teleprompter failure (Hat tip: Freedom Eden):


Maybe TotUS grew confused- in HAL 9000 fashion- as to the purpose of the MIT trip:

Elizabeth Williamson reports on President Barack Obama’s remarks in Boston.

President Barack Obama flew to Boston today for a speech at Massachusetts Institute of Technology about energy and the economy, or energy and jobs, or about energy and climate change legislation.

From the beginning, the White House press corps speculated that Obama’s trip to Cambridge was less about energy news than about two high-wattage fund-raisers he was scheduled to attend afterward: one for Massachusetts Gov. Deval Patrick, and one in Stamford, Conn., for Sen. Chris Dodd of Connecticut.

Aboard Air Force One enroute to Boston, reporters asked spokesman Bill Burton what president’s “main energy message” was.
Read the rest of this entry »

You have got to be kidding me:

During consideration of H.R. 3126, legislation to establish a Consumer Financial Protection Agency (CFPA), Democrats on the House Financial Services Committee voted to pass an amendment offered by Rep. Maxine Waters (D-CA) that will make ACORN eligible to play a role in setting regulations for financial institutions.

The Waters amendment adds to the CFPA Oversight Board 5 representatives from the fields of “consumer protection, fair lending and civil rights, representatives of depository institutions that primarily serve underserved communities, or representatives of communities that have been significantly impacted by higher-priced mortgages” to join Federal banking regulators in advising the Director on the consistency of proposed regulations, and strategies and policies that the Director should undertake to enforce its rules.

By making representatives of ACORN and other consumer activist organizations eligible to serve on the Oversight Board, the amendment creates a potentially enormous government sanctioned conflict of interest. ACORN-type organizations will have an advisory role on regulating the very financial institutions from which they receive millions of dollars annually in direct corporate contributions and benefit from other financial partnerships and arrangements. These are the same organizations that pressured banks to make subprime mortgage loans and thus bear a major responsibility for the collapse of the housing market.

Read the rest of this entry »

Sure, left wingers can come up with talking points, and soundbites, but over the past few weeks I’ve noticed that there are 10 core questions that most on the far left cannot seem to answer with any substance. Pass em on, try em out, and enjoy the mindfreak.

  1. If all the world hated America because of George W Bush’s 2003 invasion of Iraq….then why was America attacked on Sept 11, 2001; 2yrs before that invasion?
  2. Why has Al Queda been trying to exterminate every American for the past 17yrs?
  3. Did you want Bush to fail in Iraq, or did you want America to succeed?
  4. Given that Osama left Afghanistan in 2001, and Al Queda was largely destroyed in Afghanistan in 2002, how did the Bush Administration “take its eye off the ball [Afghanistan] by invading Iraq” in 2003?
  5. What caused the great recession of 2007?
  6. Read the rest of this entry »

Shocking!….not:

The nation’s medical costs will keep spiraling upward even faster than they are now under Democratic legislation pending in the House, a report from government economic experts concluded Wednesday.

Republicans said the report is a warning sign that health care legislation is likely to fall short of President Barack Obama’s goal of “bending the cost curve” by slowing torrid rates of medical inflation.

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Unlike previous estimates that have focused mainly on the legislation’s impact on the federal deficit, the actuaries’ report looked at total costs, public and private, over the next 10 years. It found that the nation’s health care tab would increase somewhat more rapidly with the legislation than if nothing is done. The main reason: Newly insured people will seek medical care.

The nation’s health care tab, now at about $2.5 trillion annually, is projected to approach $4.7 trillion in 2019 without the legislation. Read the rest of this entry »

As President Obama met with Keith Olbermann and Rachel Maddow, who apparently belong to real news stations who don’t push a point of view, U.S Senator Lamar Alexander (R-Tenn.) delivered a message to the President of the United States and the White House, Wednesday morning on the Senate floor:

Based upon that experience and my 40 years since then in and out of public life, I want to make what I hope will be taken as a friendly suggestion to President Obama and his White House, and it is this: Don’t create an enemies list.

Read the rest of this entry »

You have to give it to the agenda driven media…. they just don’t let go of that bone easily.

Case in point, Chris Good and his little diddy at The Atlantic, “It’s Not (overtly) About Race”.

Centerpiece to the headline, and content of his op-ed, is James Carville and Stanley Greenberg’s polling/strategy/research firm, Democracy Corps, and it’s 18 pg study, “The Very Separate World of Conservative Republicans: Why Republican Leaders will have Trouble Speaking to the Rest of America” released Oct 16th, 2009.

Here the disconnect between Good’s op-ed, and the actual content of the study begin. Good has chosen to focus on race and racism… and dances around the study’s finding that the discontent of “weak” partisans… Republican and Independents… appears to have nothing to do with race.

From the Carville groups research document:

Race: Get Over It

Read the rest of this entry »

According to most conservatives in South Carolina, Senator Lindsey Graham (R-SC) has officially gone over to the dark side. Under the guise of ‘bipartisanship,’ Graham has signed on to one of the left’s most ambitious plans to impose a socialist agenda in America – government control of the formerly free market through implementation of cap-and trade, the 1,400 plus page Waxman-Markey bill approved earlier this year by the House.

The main (scientifically unproven) premise of cap and trade is that the earth is melting and government must step in to save the world. Of course, it will be expensive, but hey, this is Mother Earth we’re talking about. And its urgent and essential that the government immediately establish a $700 billion “market” for business to buy and sell “steadily declining number of permits for creating carbon emissions.”

In a New York Times Op-Ed Graham co-authored with Sen. John Kerry cutely entitled ‘Yes We Can’ (get it?) Sen Graham states “..we agree that climate change is real and threatens our economy and national security.” Huh?

Conservatives disagree. Conservatives, real conservatives, believe the fact based studies based on science that stand in direct opposition to the dire reports issued by bureaucrats at the United Nations and embraced as fact by the left. Read the rest of this entry »

Remember this little nugget from January of 2007 from one Nancy Pelosi?

After years of historic deficits, this new Congress will commit itself to a higher standard: pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.

And as the Democrats railed against Bush and his deficit they don’t utter a peep about this:

WASHINGTON – What is $1.42 trillion? It’s more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada’s, and more than $4,700 for every man, woman and child in the United States.

It’s the federal budget deficit for 2009, more than three times the most red ink ever amassed in a single year.

Nope….now it just ain’t that big a deal Read the rest of this entry »