Barack Obama

It would not be inaccurate to say that President Obama’s crack team of economic advisers are, shall we say, less than bullish on America.

In early 2011, the President put together yet another in the seemingly inexhaustible supply of presidential advisory committees. This one was supposedly tasked with advising Obama on jobs and competitiveness.

Positions on the panel were filled with leaders of several large American companies.

But as Bloomberg reports, it might be wise to judge the members of the committee by their actions rather than their words:

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Some experts might look at President Obama’s personal portfolio and say it reflects a distinct lack of confidence in the future. He’s heavy on short and intermediate Treasuries and has no 30-year bonds.

To repeat: We’re not saying he’s light on long term investments. We’re saying he has none. Zero. Zip.

CNS News took a look at the President’s latest financial disclosure forms and identified an investment philosophy that we find a bit troubling:

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It hasn’t happened since the Great Depression, but we now find ourselves in a situation where the U.S. government is handing out more benefits to households than they are taking from them in taxes. If your first thought is that, of course, that’s because we aren’t taxing those damn rich people enough, please leave now, you’re causing a foul smell on my blog.

Elizabeth MacDonald of Fox News has penned a clear piece of work today that presents the big picture problem of just how far off-track our once proud capitalist America has gone.

In 2010, households were taxed $2.2 trillion, but raked in $2.3 trillion of goodies, from the usual big ticket programs like Social Security, Medicare and Medicaid, to one-time programs like stimulus spending, to supporting illegal aliens, to thousands of absurd giveaways you probably don’t even know about like millions of cell phones free from the government for the poor and illegal. An estimated 59% of the 308.7 million Americans get at least one federal benefit, according to the Census Bureau, based on 2009 data.

What’s really disturbing is that the handouts have been growing, and people are becoming more and more addicted to their programs. Get a load of this statistic: since 2007, 79% of household growth is attributed to government cash handouts. Just to be clear, yes, I am talking about the United States of America, not Europe who is now going in the other direction.

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The question about whether or not President Obama was born in Hawaii is a heated debate. But it’s about to get a lot hotter with the arrival next month of a new book, “Where’s the Birth Certificate?: The Case that Barack Obama is not Eligible to be President.”

The book written by two-time #1 New York Times best-selling author Jerome Corsi, author of the Swift Boat book that helped sink John Kerry, reportedly does more than raise questions — actually lays out the evidence for Barack Obama’s ineligibility for the presidency.

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I’ve been absent from posting the last few days because, among other things, I’ve been busy putting together my taxes, a completely unproductive task that takes many days to a week or two to complete each year. Imagine my joy yesterday as I was going through my records, cursing the government, when our Campaigner-in-Chief came on TV to tell us how we can Win the Future by raising taxes on “the rich.”

As usual, President Obama’s speech had little of substance, was full of contempt and surprise, surprise, class warfare. Obama, who’s always in campaign mode, was probably at his best in a long time because he’s found a fight he truly can sink his teeth into — taxation versus spending cuts — with the issue so clear, at the fortuitous time of the kickoff of his reelection drive.

I tried to post something after watching it, but I filled with so much hate (yes, that is the proper word) for this man that could not get the right words out. Later on, I tuned into watched my favorite segment of the day on cable news, Bret Baier’s Special Report’ All Star Panel. In particular, I tune in for Charles Krauthammer. Once again, he didn’t disappoint. In describing Obama’s deficit speech, Krauthammer took the words out of my mouth, but so much more eloquently:

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Our Ridiculer-in-Chief yesterday laughed at the price of gas we in this country is facing. He said if you’re just getting eight miles per gallon you better get a trade-in. When someone said he had ten kids, he laughed (again) and said he needs to get a hybrid van. More laughter. Yes, he was just having a good ‘ol time up on that stage, after running away from the budget negotiations in Washington.

This insensitive prick doesn’t care that gas prices are hurting people. Even people that get 20 miles per gallon are hurt — high gas prices hurt everyone. And how many people do you know get 8 miles per gallon anyway? This manchild of a president without an energy policy doesn’t give a crap about your problems.

Whether or not you believe he is doing everything he can to stem rising gas prices or not, that’s not the issue in this post. The issue is the guy just can’t even pretend he cares. The president should not be chuckling at our hardship.

Oops, sorry. I forgot. He does have an energy plan, one he articulated during the campaign:

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United States is Leaderless

by Mark on April 6, 2011 7:57 am · Comments/Link

Of course we now know that we’ve been leaderless since January 20, 2009. But our MIA president insists on continuing to remind us. A couple weeks ago, he left congress a note that he’d started a war kinetic military action and left for Rio. And today we find ourselves on the verge of a government shutdown, and he’s off to two unessential campaign stops speaking engagements. The Washington Post has the story:

A fiery President Obama insisted Tuesday that if he and congressional leaders couldn’t reach a deal to avert a government shutdown, “I want a meeting again tomorrow here at the White House.”

“I will invite the same folks that we invited today,” he added. “And if that doesn’t work, we’ll invite them again the day after that. And I will have my entire team available to work through the details of getting a deal done.”

Obama’s team may not include the president himself. Despite the impasse in Washington over federal spending, the president as of early Wednesday was scheduled to give two speeches outside of Washington: one on energy in the Philadelphia suburbs, then another Wednesday evening to a group of black political activists in New York.

Paul Ryan said it best: ““We don’t need a good politician. We need a strong leader.” Here he is, one of the only leaders in Washington:

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Ron Paul: Obama’s Libyan War Unconstitutional

by Mark on March 28, 2011 8:38 am · 2 comments

Ron Paul says that declaring and acting upon a No Fly Zone is an “act of war” and as such he has not consulted with congress, as the Constitution calls for. Even worse, while ignoring our own congress (and in fact leaving town), he gave deference to the United Nations, and there is nothing in our constitution about getting approval from foreign bodies in order to go to war. Obama has used a U.N. Security Council resolution to legitimize U.S. bombing raids under international law. But the U.N. Charter is not a substitute for the U.S. Constitution. And the Constitution gives Congress, not the president, the power “to declare war.”

Here’s a good article at Foreign Policy on Obama, Libya and the Constitution: Obama’s Unconstitutional War.

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If Only He Were Really Locked Out…

by Mark on March 25, 2011 15:02 pm · Comments/Link

…then we could get on with fixing the economy, the right way. Before it’s too late.

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There’s renewed interest in President Obama’s birth certificate since potential presidential nominee Donald Trump has been asking Obama to just show the piece of paper and put an end to the speculation. Most recently, Obama drove the women of The View apoplectic with his assertion, as seen in the video below.

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What’s Wrong With This Picture?

by Mark on March 21, 2011 7:09 am · 1 comment

How can one man screw up so many things in two years? The question going on is, can someone really be as inept as Barack Obama, or is he on a mission to destroy America? The answer seems to be both.

And how is he doing in Libya? Let’s review where we are at:

  • If we were going to act in Libya, the time to act in Libya would have been two weeks ago. Since then, Gadaffi has killed likely tens of thousands, displaced more, and hidden many of his weapons. A coalition is great news, but not at the expense of the mission.
  • The Arab League said, sure U.S.A. and allies, go get him, invoke the no-fly zone. And, as usual, we are not asking the oil rich states to pay for any of it. Nah, it’s on us, we’ve got plenty of money! Oh, by the way, now The Arab League is upset with us going in too strong.
  • At first, boy-President Obama summoned up the courage to tell Gaddafi to leave the country. But now, maybe it’s okay if the Michael Jackson look-alike stays in power as long as he abides by a cease fire.
  • The French are leading the way. The French! If we’re going to do it, let’s do it right and as the world’s #1 superpower, let’s lead.
  • There is no identified mission in Libya, there is no plan for the Middle East, and Obama cannot even identify the overall problem in the area: islamic fundamentalism.

And what’s our Spectator-in-Chief doing while Libya burns, the Middle East turmoil spreads, Japan glows after drowning after shaking, the budget battle rages and the economy heads for a double dip? After a week of fundraisers, parties, golfing, appearing on ESPN with his basketball picks, he and a few hundred others are headed off to Rio for a family vacation.

And by the way, maybe this is a dumb question, but why are we always saving Islamists?

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Oops: Obama’s Debt grows by $2.7 trillion

by Mark on March 19, 2011 9:40 am · Comments/Link

The Congressional Budget Office (CBO) yesterday found our fiscal red ink worse than expected. It turns out amount of debt President Obama’s budget will create in the coming decade will be $2.7 trillion more than expected.

“For the 10-year projection period as a whole, the deficit that would result under the President’s proposals – $9.5 trillion, or 4.8 percent of GDP – would be $2.7 trillion greater than the cumulative deficit projected under current law,” CBO’s report explained.

In concrete terms, that means today’s public debt of $14.2 trillion will balloon to $23.7 trillion by the year 2021. For each American who pays taxes, that represents a $260,000 liability. The jumbo-sized deficits have a real impact on taxpayers who will end up spending more of their money on interest. That’s the case under Mr. Obama’s budget, where interest payments nearly quadruple from $260 billion to $931 billion a year in 2021. That means 3.9 percent of the nation’s entire productive output will be devoted not to funding present government operations, but to covering the excess spending of an administration long past.

Source: Washington Times.

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Everyone knows President Obama isn’t serious about cutting spending, right? Disappointingly, no. I thought that most people could see through his bullshit, but a survey I saw reported on the news today concluded that 52% of respondents believe he is in fact serious, and get this: only 44% of respondents believe the Republicans are serious about it. There’s a huge disconnect from reality in those numbers. But at least Ron Paul knows how serious Obama is.

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Hello Iranian nukes. Goodbye Israel. Goodbye chance of freedom in Middle East. Hello $300 oil. Hello worldwide economic collapse. Hello WWWIII. Thank you Mr. Obama.

During the four days between Thursday March 4 and Monday March 7, the Obama administration switched its Iran policy. As rocketing oil prices triggered by the Arab Revolt wiped out the damage caused the Iranian economy by sanctions, Washington confirmed the worst Saudi and Israeli suspicions that America had no intention of acting to stop the Islamic Republic attaining nuclear weapons, although it held Israel back from doing so when it was more feasible.

Read the rest: DEBKAfile.

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3 Reasons This Budget “Won’t Win the Future”

by Mark on February 15, 2011 19:29 pm · Comments/Link

President Barack Obama’s proposed budget for 2012 outlines $3.7 trillion in spending during the next fiscal year and $8 trillion in new debt over the next decade. All without even a notion of how to pay for any of it. We’re sunk.

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