Archive for the ‘Economy’ Category

American Brats?

July 14, 2010 Comments off

“I think this says more about the American people than it does about President Obama. I think it just shows once again that the American people are spoiled. Basically, spoiled– as a people, we are too critical. We are quick to rush to judgment, we are too negative, we are too impatient. Especially impatient. We want it all solved yesterday, and if you don’t, I don’t care who you are — get out of the way.” – Bill Press, liberal Obama apologist

“When asked how much confidence they have in Obama to make the right decisions for the country’s future, 58 percent of respondents said “just some” or “none,” according to the poll.” – WaPo Poll

Hear that America, you’re spoiled because liberal policies have failed to bring about the Utopian dreams Obama and the Democrats promised. You’re tired of being unemployed, broke and scared to death about your family’s future but it’s your fault that you don’t get magnificence that Obama and the Democrats. Believe me, the left really feels this way, not just this moron Bill Press.

The Democrats have been in control of the House and Senate since 2006, not George Bush and the Republicans. When Obama took office in 2008 the Democrats had everything they needed to bring about their promise of hope and change. Instead the country inches every closer to catastrophe because of these progressive, anti-business, anti-growth, anti-family, incompetent clowns. It no wonder the polls are where they are.

It is the height of arrogance for Bill Press to accuse Americans of being spoiled but in one sense he’s right, we are spoiled. Under conservative leadership things were never this bad – miss us yet?

Categories: Economy, Politics

Don’t. Get. Giddy.

July 13, 2010 Comments off

“A new NBC News/Wall Street Journal poll found 62 percent of Americans believe the country is moving in the wrong direction, and 57 percent said they disapproved of President Obama’s job performance.” – Washington Examiner

“Contrary to pretty much every projection until now, Democratic control of the Senate is also starting to coming into question. While Mr Obama’s approval ratings have continued to fall, and now hover at dangerously close to 40 per cent according an ABC-Washington Post poll published on Tuesday, the fate of his former colleagues in the Senate looks even worse.” – Financial Times

I try not to get giddy about our chances of taking back the House and Senate. There’s a lot days left between now and November. Sure, things are looking really bleak for the blue state boys but these power mad political animals (D) are capable of anything – anything. It will get very ugly, perhaps the likes of which we have never seen in our lifetime (psst, it already is). Obama and the Democrats have squandered voters’ best hopes and ruined the country’s economic fortunes in the process. Hopefully, it will take years before they are trusted again.

If the House and Senate go into lame duck mode experts are expecting a flurry of libfest of last minute bills, including the dreaded immigration reform package. Bitter Democrats will go down swinging and they will be determined to take conservatives down with them. I hope the GOP is prepared for this.

Wow. “Nuclear war: Megyn Kelly vs. Kirsten Powers over Black Panther case” – Hot Air

Categories: Economy, Politics

‘The Largest Tax Hikes in History’

July 7, 2010 2 comments

Six months from now the American economy will be sent reeling because three waves of massive tax hikes will take effect January 1, 2011. Have a nice day.

  • Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).
  • The 10% bracket rises to an expanded 15%
  • The 25% bracket rises to 28%
  • The 28% bracket rises to 31%
  • The 33% bracket rises to 36%
  • The 35% bracket rises to 39.6%
  • Higher taxes on marriage and family.
  • The return of the Death Tax.
  • Higher tax rates on savers and investors.
  • The “Medicine Cabinet Tax.”
  • The “Special Needs Kids Tax.”
  • The HSA Withdrawal Tax Hike.
  • The AMT will ensnare over 28 million families, up from 4 million last year.
  • Small business expensing will be slashed and 50% expensing will disappear.
  • Taxes will be raised on all types of businesses.
  • Tax Benefits for Education and Teaching Reduced.
  • Charitable Contributions from IRAs no longer allowed.

Source: Americans for Tax Reform

List Of Expiring Federal Tax Provisions 2009-2020

Categories: Economy

‘The Great Jobs Killer’

July 5, 2010 3 comments

I believe the stage is set for a catastrophic fall/winter as the reality of the Democrats and Obama’s incompetence comes to fruition. From domestic issues to foreign affairs and especially the economy, it’s gonna get bumpy. Hold on tight.

“The economy is still in the gravitational pull of the Great Recession. All the booster rockets for getting us beyond it are failing.” – Robert Reich, former US Labor Secretary

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment.” – Daryl Guppy, CEO at

“It’s time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes — rewarding big government and big unions, while punishing taxpayers and business owners — Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI’s Most Wanted List.” – Wayne Allyn Root, Las Vegas Review Journal

“Danger for Democrats as economy slows: This political problem has spurred a fierce philosophical debate inside the Democratic Party over what’s the best medicine for the economy — bigger spending, or cutting deficits. Liberals are clamoring for more money to save the economy, and centrists are arguing there’s no more money to give in the face of trillion-plus dollar deficits.” – Politico

Categories: Economy

Which Way is Up?

July 2, 2010 Comments off

650,000 people leave the work force because they can’t find jobs and Obama says we’re headed in the right direction.

Sad and getting scarier.

Categories: Economy

Krugman’s Depression Game

June 28, 2010 Comments off

“And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending.” – Paul Krugman, NYTimes Columnist and another in a long line of Nobel Prize creeps.

Don’t you see? Even though the Obama administration has spent trillions the nation doesn’t have, Krugman believes the “real” problem is “inadequate spending.” So to avoid a third depression, he advocates emptying everyone’s pocket of drier lint, loose change and raping the taxpayer even further so the left’s redistribution of America’s wealth can continue.

We do find ourselves in this perilous financial predicament precisely because Obama and the Democrats have been spending lots and lots money we don’t have. Krugman is just worried that the progressive gravy train is about to stop so he and his liberal economist buddies are doing their best to frighten the bejesus out of anyone who’ll listen. I’m not sure anybody outside of the Beltway is listening. Certainly, the Tea Party isn’t and polls show voters don’t buy Krugman’s logic either.

The first rule of hole digging, financial or otherwise,  is – stop. That’s exactly what needs to happen. Our debt to GDP ratio is what should scare Krugman. As for unfunded entitlement programs we’re at 840% of GDP. Those are undeniable, scary facts. So Krugman’s call for even more spending is nothing short of greedy and irresponsible. But that’s what you’d expect from a liberal weasel.

Private sector debacle looming, “Economic Outlook: Worsening picture in the US” – Financial TImes

Categories: Economy

Too Late?

April 17, 2010 Comments off

“Monday’s Gallup report showed the president’s weekly job approval rating at a low of 47 percent. And as the Democratic Party’s favorability has dropped to 41 percent — the lowest in Gallup’s 18-year history of measuring it — this week’s Rasmussen Reports survey shows the Republican Party with a nine-point lead in the generic congressional vote. Moreover, independents, who are more energized than Democrats, are leaning Republican by a 2-to-1 margin.

What all this means is that Republicans are ripe to pick up major gains in both chambers this November.” – Washington Post

I am convinced the Democrats are so in denial about their chances this fall that no advice will be welcomed. Certainly Obama, lemming in chief, refuses to see the forest for the trees. On both sides of the political spectrum and the vast middle, people are pissed, unemployed and unhappy. Nothing will quiet their anger except throwing the bums out.

Yet I fear we may not get to excise our demons in time to make a difference. Many states are on the brink of financial disaster and our nation’s debt load could soon overwhelm us. People either get real about unfunded entitlements or we all go down together.

Categories: Economy, Politics