Posts Tagged ‘stagflation’
Posted by ginnypub on April 4, 2009
I guess it all depends on what the meaning of “is”, is.
As President Barack Obama works to sell the American people on a sweeping agenda of domestic spending and policy changes, he’s relying on three men who have gone through neither Senate confirmation nor cable news spin cycles.
Data from pollsters Joel Benenson and Paul Harstad has become increasingly important to shaping the White House’s message as the crucial battle over the president’s budget intensifies.
Elements of Obama’s approach bear the hallmarks of message testing, like the introduction of the words “recovery” and “reinvestment” to rebrand the “stimulus” package, and aides said the polling has focused almost entirely on selling policy, not on measuring the president’s personal appeal.
A source familiar with the data said a central insight of more recent polling had been that Americans see no distinction between the budget and the popular spending measures that preceded it, and that the key to selling the budget has been to portray it as part of the “recovery” measures.
Uh oh! It looks like Americans are understanding the “distinction” between “I$” and “is“.
Presidential Approval Index +3
Strongly Approve 35%
Strongly Disapprove 32%
Total Approve 56%
Total Disapprove 44%
Presidential Approval Index +28
Strongly Approve 44%
Strongly Disapprove 16%
Total Approve 65%
Total Disapprove 30%
I wonder if the president’s European Bash America Tour is a contributing factor?
Posted in Economy, News and Politics | Tagged: Barry Soetoro, Barry The Red, Economy, ginnypub, life, NEWS, Politics, pollsters, Rasmussen, stagflation, Wordpress political blogs | 2 Comments »
Posted by ginnypub on April 4, 2009
For 8 years, if Pres. Bush sneezed there was a chorus of, “What kind of message are we sending to the world?” “This administration has damaged the image of the U.S. around the world!”
Candidate for president Barry Soetoro promised to “reboot America’s image” among the world’s Muslims and that one of his top priorities would be to work to repair America’s reputation worldwide. In that vain, he granted his first interviewas leader of the free world to al-Arabiya where he apologized profusely for the U.S. being responsible for Islamic serial mass murderers incinerating a few thousand Infidels on U.S. soil.
It was especially poignant when a sitting president of the United States of America met Saudi Arabia’s King and bowed in deference to his “majesty“.
After the U.S. elected its first black president, the first black U.S. Attorney General and former Fannie Mae lobbyist, Eric Holder, said publicly, “Though this nation has proudly thought of itself as an ethnic melting pot, in things racial, we have always been and we — I believe continue to be in too many ways essentially a nation of cowards.”
Brazil’s President Luiz Inácio Lula da Silva heard you Mr. Holder. Speaking in Brasília at a joint press conference with Gordon Brown, the UK prime minister, Mr Lula da Silva told reporters: “This crisis was caused by the irrational behaviour of white people with blue eyes, who before the crisis appeared to know everything and now demonstrate that they know nothing.” This, of course, was music to Race Separatist in Chief, Barry Obama, who couldn’t wait to drool all over him. During a lunch at the Group of 20 summit in London, Obama shook hands with President Luiz Inacio Lula da Silva and said: “This is my man, right here. I love this guy.” I can hardly wait for Barry’s next book.
Then, there’s our neighbor to the south, Mexico, where a bloody drug war is happening and spilling across the border into the U.S., which wouldn’t have started in the first place if the drug lords didn’t receive 90% of their firearms from the U.S. It isn’t relevant that this figure is a bold-faced LIE made up of whole cloth from the Soetoro administration. What is relevant is that the Second Amendment to the U.S. Constitution is merely a “suggestion” and should be overturned.
The icing on the cake is probably yet to come, but Barry’s speech to a group of students from France and Germany comes close. “In America, there is a failure to appreciate Europe’s leading role in the world. “Instead of celebrating your dynamic union and seeking to partner with you to meet common challenges, there have been times where America has shown arrogance and been dismissive, even derisive.”
Now, that’s a statement from someone who is a world’s authority on arrogance, dismissiveness and derision.
So what is the message Pres. Barry Soetoro is sending to the world?
THE UNITED STATES OF AMERICA IS A LOUSY COUNTRY, FULL OF LOUSY PEOPLE.
Posted in diplomacy, Economy, foreign policy, News and Politics, Shit-For-Brains | Tagged: Barry Soetoro, Barry The Red, Economy, ginnypub, life, NEWS, Politics, President Bush, stagflation, terrorism, Terrorism Apologists, Wordpress political blogs | Leave a Comment »
Posted by ginnypub on April 2, 2009
From On High had an excellent take on this story-kind of a Clintonesque what “is” is.
WASHINGTON (AP) – One of President Barack Obama’s campaign pledges on taxes went up in puffs of smoke Wednesday.
The largest increase in tobacco taxes took effect despite Obama’s promise not to raise taxes of any kind on families earning under $250,000 or individuals under $200,000.
“I can make a firm pledge,” he said in Dover, N.H., on Sept. 12. “Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”
He repeatedly vowed “you will not see any of your taxes increase one single dime.”
Now in office, Obama, who stopped smoking but has admitted he slips now and then, signed a law raising the tobacco tax nearly 62 cents on a pack of cigarettes, to $1.01. Other tobacco products saw similarly steep increases.
The extra money will be used to finance a major expansion of health insurance for children.
His detailed campaign plan stated that his proposed improvement in health insurance and health technology “is more than covered” by raising taxes on the wealthy alone. It was not based on raising the tobacco tax.
Not one dime more than this:
Another source of revenue comes from auctioning rights to carbon emissions, raising $646 billion over 10 years. This is a regressive tax, meaning that it falls hardest on those at the lower end of the income scale. Despite Obama’s promise that those earning under $250,000 won’t pay another dime in taxes, carbon-intensive companies are going to pass along the extra tax to consumers.
If Barry and the rest of the stagflation supporters want to tax something to raise cash for children’s health care, how about a big, fat increase on PORN and LABOR INDUCED PARTIAL BIRTH ABORTION?!
No way! Not in this lifetime! Let’s not get crazy, here. Children don’t need taxpayer-funded health care that bad! This is still America, after all!
Posted in Children, Economy, Health Care, News and Politics | Tagged: Barack Obama, Barry Soetoro, Barry The Red, Economy, ginnypub, life, NEWS, Politics, stagflation, Wordpress political blogs | 1 Comment »
Posted by ginnypub on March 23, 2009
Once upon a time there was a child who grew up in a loving family, but felt that he, somehow, didn’t fit in.
When he had grown up, he moved to the Big City. There he met a man who made him rich and famous.
He bought some Greek columns with some of his riches.
Along the way, he took up with some shady characters
And found his “Special Purpose”
But he soon found out that he was in over his head and lost all his riches
Because he wasn’t smart enough to learn this:
Posted in Economy, Humor, News and Politics | Tagged: Barack Obama, Barry Soetoro, Barry The Red, Economy, Election 2008, Fun Stuff, ginnypub, Humor, life, NEWS, Politics, stagflation, Wordpress political blogs | Leave a Comment »
Posted by ginnypub on March 20, 2009
Fox Business and Fox News are reporting that they have obtained 5 emails through the FOIA between the Bush Administration and AIG concerning executive bonuses.
In a Nov. 5 e-mail to a Treasury and Federal Reserve officials, an outside attorney working on the transaction wrote, “We indicated that UST (United States Treasury) … wants to put in place a limitation on annual bonuses that assure that (AIG: 1.2104, -0.3796, -23.87%) executives/employees will not be enriched out of TARP funds.”
But the e-mail indicates AIG officials pushed back on the proposal. In a section of the e-mail discussing proposed limits on severance packages for AIG employees, the attorney wrote, “They were slack jawed at the idea of imposing the restriction throughout the entire population, especially worldwide.” AIG proposed that Treasury apply such limits “to a class of partners and senior partners (700).”
At another spot in the e-mail, the attorney said about AIG executives, “They will think about ways to deal with the ‘no enrichment’ point. In this connection they again raised the size of the applicable group and kept coming back to ‘700’ as a meaningful, and possibly workable, group for limitations.”
The e-mail also indicates that in their deliberations, government officials were concerned about the effect of compensation on recruiting and retaining AIG employees.
“We also indicated that all parties understand that the restrictions must be designed so that the business can be operated in a reasonable way, including in terms of recruitment and retention of employees,” the attorney wrote in the e-mail.
A key argument in AIG’s defense of its bonus practices has been that bonuses are needed to recruit and retain key employees.
A Treasury official in the department’s general counsel office, Stephen Albrecht, wrote in response to the attorney’s e-mail, “See below. Looks like AIG has some creative thinking to do, but we’ll need to decide to what extent we’re willing to bend.”
Government officials eventually decided to restrict compensation at AIG to just the top 75 company executives. The Treasury agreed to invest $40 billion into AIG.
Posted in Economy, News and Politics | Tagged: AIG, bailout, Barack Obama, Barry Soetoro, Bush emails, Election 2008, executive bonuses, Fox News, ginnypub, life, NEWS, Politics, President Bush, stagflation, Stephen Albrecht, Wordpress political blogs | Leave a Comment »
Posted by ginnypub on March 19, 2009
I was cooking dinner today and suddenly this sound started outside. It was so loud, I could hear it through brick walls. “Oh, oh, ooh, oh God…”
I ran outside to see which neighbors were having sex on my lawn. No one.
Then I noticed it was multiple voices, growing louder, coming from the North, maybe up I95.
Oh, oh, ooh, ooh, oh God! Oh, ooh, right there! Oooh, oooh, Oh God! YES! YES! YES!
Stumped, I went back inside and flipped on Fox News.
NOW, I understand…
“Lawmakers impose a 90 percent tax on executive bonuses”
Pelosi flushed from 90% tax hike orgasm. God Bless America!
Posted in Economy, Humor, News and Politics | Tagged: ginnypub, Nancy Pelosi, NEWS, Politics, stagflation, Wordpress political blogs | 4 Comments »
Posted by ginnypub on March 15, 2009
September 15, 2008: Dow 10,917, Unemployment 6.2%
Debt Held by the Public
Total Public Debt Outstanding
“The economic crisis is not the fault of the American people. Our workers are the most innovative, the hardest working, the best skilled, most productive, most competitive in the world, that’s the American worker,” McCain said at a town hall meeting here.
“My opponents may disagree, but those fundamentals, the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America and I think they’re strong.” Sen. John McCain
“It’s not that I think John McCain doesn’t care what’s going on in the lives of most Americans. I just think doesn’t know. He doesn’t get what’s happening between the mountain in Sedona where he lives and the corridors of Washington where he works. Why else would he say that we’ve made great progress economically under George Bush?”
“Why else would he say, today, of all days – just a few hours ago – that the fundamentals of the economy are still strong? Senator – what economy are you talking about?” Sen. Barry Soetoro
“Barack Obama’s short career as a public servant has been defined by pessimism, defeatism, and weakness in the face of the great challenges of our time. His lack of faith in American workers may explain his willingness to raise taxes during a struggling economy, but it is no way to lead our country.” Sen. John McCain
McCain isn’t proposing any real solutions to fix the crisis. In fact, he won’t even help America’s workers—he refused to vote on the recent economic stimulus package in Congress.
In contrast, Sen. Barack Obama made sure he was on the Senate floor to vote in favor of an economic stimulus plan and will do so again if the current stimulus plan in the House makes it to the Senate.
When it comes to fundamentals, Sen. Obama understands our bottom line***.
Tula Connell AFL-CIO
March 2009: Dow 7,170 Unemployment 8.1%
Debt Held by the Public
Total Public Debt Outstanding
“There are a lot of individual families who are experiencing incredible pain and hardship right now.”
“But if we are keeping focused on all the fundamentally sound aspects of our economy,” he added, “all the outstanding companies, workers, all the innovation and dynamism in this economy, then we’re going to get through this. And I’m very confident about that.” Pres. Barry Soetoro
“Consumer confidence is slightly up. The market is slightly up,” Biden said. “It’ll go down again, but the people are beginning to figure out that the president’s got a plan and he believes we can work our way through this.” VP Joe Biden 3/15/2009
Released on 3/13/2009 9:55:00 AM For March, 2009 :
Sentiment Index – Level
47.5 to 57.0
WHAT’S THIS??!! BARRY IS ADMITTING THAT SEN. JOHN MCCAIN WAS RIGHT ALONG??
Oh, I SEE:
Chinese Premier Wen Jiabao had said Friday he was concerned about the safety of the estimated $1 trillion his country has invested in U.S. government debt. China is Washington’s biggest foreign creditor, and Obama’s administration is counting on the Chinese to help pay for the $787 billion economic stimulus package by buying U.S. bonds.
“Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried,” Wen said. “I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets.”
***The new executive order signed by Obama on Friday encourages government bureaucrats to adopt discriminatory, union-only project labor agreements for any “large-scale construction project” – defined as any project costing over $25 million – and thus discriminate against the 92.5 percent of private sector workers who have chosen for a wide variety of reasons not to join a union.
With the “stimulus” bill approaching one trillion dollars including many such projects, Big Labor stands to rake in literally hundreds of millions of dollars in new forced-dues revenue seized straight out of workers’ paychecks, whether they support the union or not. (Meanwhile, other “stimulus” funds will go to groups with strong ties to organized labor.)
President Obama’s new executive order comes a week after he issued two other executive orders giving the Secretary of Labor unchecked, unprecedented authority to blacklist non-union employees wanting to work on federal contracts.
Taken together, the new executive orders indicate President Obama is quite eager to repay the union bosses for spending well over one billion dollars (in mostly forced union dues) to elect Obama and other pro-forced unionism candidates.
Moreover, Big Labor’s high command is likely to funnel that money right back into its political machine in expectation of even more forced unionism power grabs – including efforts toward the ultimate goal of eliminating all 22 state Right to Work laws by federal fiat.
Posted in Economy, News and Politics | Tagged: Barack Obama, Barry Soetoro, big labor, consumer confidence, Economy, ginnypub, national debt, NEWS, Politics, stagflation, Wordpress political blogs | 1 Comment »
Posted by ginnypub on March 10, 2009
Billionaire investor Warren Buffett put almost all his eggs in one basket for the past 2 years.
How has your investment paid off, Warren?
Oh, I see.
The man considered by many to be the greatest investor of all time just had his worst year ever.
Mr. Buffett, in his annual letter, read closely by shareholders and nonshareholders alike, reported Berkshire in 2008 lost 9.6% in book value per share, a common metric Berkshire uses to track performance. That marks the biggest decline since Mr. Buffett took over in 1965, when it was a family-run East Coast textile maker.
Mr. Buffett conceded he “did some dumb things.”
What about the future, Warren?
Unemployment rate in U.S. will go well above its current levels before the downturn ends.
Inflation has the “potential” to be worse than the 1970s.
How did this happen, Warren?
“In my view, it’s an economic war, and–I don’t think anybody on December 7th would have said a `war is a terrible thing to waste, and therefore we’re going to try and ram through a whole bunch of things and–but we expect to–expect the other party to unite behind us on the–on the big problem.’ It’s just a mistake, I think, when you’ve got one overriding objective, to try and muddle it up with a bunch of other things.”
This sounds dire, Warren. What are you doing to overcome “the dumb things” you did in 2008?
Oh, I see.
Posted in Economy, News and Politics | Tagged: Barack Obama, Barry Soetoro, Barry The Red, bear market, Economy, Election 2008, ginnypub, NEWS, Obama Supporters, Politics, stagflation, Warren Buffett, Wordpress political blogs | 11 Comments »
Posted by ginnypub on March 9, 2009
“The American people have entrusted us with their hopes and aspirations for themselves, for their families, and for their future. We will honor that trust.”
– Speaker of the U.S. House of Representatives, Nancy Pelosi (D-CA), November 8, 2006
Rep. Charles Rangel (D-NY), Chairman, Ways and Means Committee, Vice Chairman for the Joint Committee on Taxation, U.S. House of Representatives, under the direction of Speaker of the House, Nancy Pelosi.
He puts the ASS in clASS:
House Speaker Nancy Pelosi (D-Calif.) denied a report on Tuesday that she had called on Ways and Means Chairman Charles B. Rangel (D-N.Y.) to step aside.
“I see no reason why Mr. Rangel should step down,” Pelosi told reporters Tuesday. “I have supported his call for the ethics committee to look into it.”
The Ways and Means chairman has asked the House Committee on Standards of Official Conduct to look into his use of four rent-stabilized apartments in a Harlem high-rise, his use of congressional stationery to solicit money for an educational center in New York that bears his name and, most recently, his failure to pay taxes or report rental income on a vacation home in the Dominican Republic. September 16, 2008
House Speaker Nancy Pelosi told NBC’s Meredith Vieira in an interview taped Monday that Rep. Charles Rangel should not step down as chairman of the Ways and Means Committee.
Pelosi said she didn’t see “any reason” that Rangel should step down.
Tuesday, the House ethics committee said it’s now expanding its investigation of Rangel.
Pelosi said it’s up to the ethics committee to decide if Rangel should surrender his chairmanship.
“Until they make their decision, which I hope will be soon– I think that he should stay as chair of the committee,” Pelosi said.
Pelosi added, “Mr. Rangel, he loves our country. He loves this Congress. He wants to do nothing but bring credit to it. And he’ll be the first one to know what his course of action should be.”
The expanded ethics committee will investigate Rangel’s role in preserving a tax loophole that benefited a company whose executive had pledged $1 million to a center named after Rangel. December 10, 2008
House Resolution 143 to remove Rep. Rangel from his chairmanship. TABLED.
Posted in Children, Health Care, Humor, News and Politics | Tagged: Barack Obama, Barry Soetoro, Barry The Red, Charlie Rangel, Election 2008, ethics, ginnypub, Humor, life, Nancy Pelosi, NEWS, Politics, Rangel Rule, stagflation, Wordpress political blogs, Young America's Foundation | 6 Comments »
Posted by ginnypub on March 5, 2009
Jake Tapper and crew interviewed Sen. Max Baucus, D-Mont., chair of the Senate Finance Committee, for the ABC News Shuffle Podcast.
Baucus said he was “concerned” about President Obama’s proposal to help pay for health care reform by reducing the amount in itemized deductions (mortgage interest, charitable donations, etc.) that those earning more than $250,000 a year can claim on their taxes.
“It’s an issue,” Baucus said, “but there are lots of different ways to solve this one, there’s always a solution…you just have to look hard enough and carefully enough and creatively enough to find a solution and if not that tax provision, there may be some other.”
To borrow from Shawn Hannity‘s “liberal translation treatment”, that’s what Baucus said, but here’s what he meant:
Cut itemized deductions on the rich, my ass. Look you little community organizing idiot…. NOW you’re in MY pockets.
What’s that? I think I hear Treasury Secretary Tim Geithner, Chairman of the House Ways and Means Committee Charlie Rangel, former HHS Secretary nominee Tom Daschle, former OMB nominee Nancy Killefer, Secretary of labor Hilda Solis and Trade Representative designate Ron Kirk laughing: Baucus pays taxes! Hee hee hee… stop it…haw haw…before you make me…snort snort… pee my pants…
Posted in Health Care, Humor, News and Politics | Tagged: Barack Obama, Barry Soetoro, Barry The Red, democrat tax cheats, Election 2008, ginnypub, Humor, life, NEWS, Nobama, Politics, stagflation, Wordpress political blogs | 1 Comment »