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siboneyes
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OBAMA DIGGING HIS OWN DITCH...

By Tait Trussell On September 14, 2010 FrontPage

 

     Bush is charged with putting the economy in a ditch. But who really dug the hole?

     President Obama is correct. Our economy is in a ditch. He has used that analogy to blame Republicans uncountable times. He did so recently, Sept 5, campaigning in Parma, Ohio, where he pleaded, “Do we return to the same failed policies [1] that ran our economy into a ditch, or do we keep moving forward with policies that are slowly pulling us out?

     But it was not the economic policies [2] of George W. Bush and the GOP that got us into this economic ditch. It was Obama’s own Democrat party that is primarily to blame, and Obama himself.

      Bush economic policies [3] included tax reductions for all Americans, spending to fight two wars, and a free-market ideology aimed at reducing the role of the federal government in the private sector. He promoted the concept of individual accountability. The national debt did rise significantly from 2001 to 2008. But in his State of the Union speech in 2005, Bush said his budget eliminated 150 government programs [2] that “don’t fulfill priorities.” Bush spending actually averaged that of President Clinton. But Bush policies were not flawless.

     The recession started 13 months before Obama’s inauguration, by the measurement of the National Bureau [4] of Economic Research. In February 2008, Bush agreed with the then-Democrat controlled Congress on a $168 billion combination of spending and temporary tax rebates. These steps were supposed to prop up growth due to the house slump. Once in office, Obama’s top economic advisers called for their hoped-for mighty stimulus [5]. The Wall Street Journal reported on Sept. 7 in an article explaining how trillions in fiscal and monetary stimulus bucks have produced an embarrassingly anemic 1.6 percent recovery. Talk about being in a ditch!

     During this Keynesian economic policy—from cash for clunkers [6], $8,000 home-buyer’s [7] tax credits, to jobless pay [8] for 99 weeks, not to mention the nearly $800 billion stimulus [9] that didn’t stimulate, the Obama economy decelerated to the abysmal 1.6 percent ditch, with 9.6 percent unemployment. Never has anyone dug the ditch so deep. Obama’s “shovel” seemed the only one “ready.”

       Instead of focusing on the economy, The Obama Administration “embarked on the most sweeping expansion of government since the 1960s,” as The Wall Street Journal put it. A year was wasted on a health plan that a majority of American don’t want. “Obama’s policies have spread fear and uncertainty,“ while he blasts anyone in sight for “greed and recklessness,” The Wall Street Journal commented.

       In April, Peter Wallison, the Arthur Burns Fellow in financial policy studies at the American Enterprise Institute in Washington, wrote in The Wall Street Journal: “Obama has taken to accusing others of representing ‘special interests,’” Obama charged that “the financial industry and its powerful lobby have opposed modest safeguards against the kinds of reckless risks and bad practices that led to this very crisis.”

     Wallison wrote: “He should know. As a Senator, OBAMA was the third largest recipient of campaign contributions [10] from Fannie Mae and Freddie Mac, behind only Sens. Chris Dodd and John Kerry.

 

     This brings us to what started the digging of the economic “ditch.”

Why did Bear Sterns (the global investment bank) fail? How does this relate to AIG (the international insurance and financial services giant)?  

     Kevin Hassett, director of Economic Policy Studies at the American Enterprise Institute, shortly before Obama took office, wrote. “Fannie Mae and Freddie Mae exploded, and many bystanders were injured in the blast, some fatally.” They did this by becoming “a key enabler of the mortgage crisis. They fueled Wall Street’s efforts to securitize subprime loans” by becoming the primary customer of subprime mortgage pools.

    As of June 2009, Fannie alone owned or guaranteed more than $388 billion in high-risk mortgage investments. “They created an environment in which even mortgage-backed securities assembled by others could find a ready home. The problem was that the trillions of dollars in play were low-risk investments only if real estate prices continued to rise. Once prices began to fall, the whole house of cards came down with them.”

    Take away Fannie and Freddie, and these highly liquid markets would never have emerged. The whole mess would never have happened [11]. In 2005, then-Federal Reserve Chief Alan Greenspan warned Congress about Fannie and Freddie, saying, “We are placing the total financial system of the future at risk.”

    What occurred then “was extraordinary,” Hassettt said. “For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee.” It was supported by then-President Bush. The bill would have required Fannie and Freddie to eliminate their investments in risky loans. Many loans were given to low-income borrowers who couldn’t afford them. But the Democrats voted against the bill. So, it was Democrats who created [12] the financial problems that helped dig the “ditch” when they launched “affordable housing mandates” that lowered lending standards.

     According to Wallison, today Fannie and Freddie hold $5.5 trillion in mortgage loans. “They have lost billions of federal dollars and continue to bleed billions more because of the high default rate.” Fannie’s and Freddy’s toxic assets set off the financial crisis that TARP I and II [13] (Troubled Asset Relief Programs) were supposed to have eliminated.   

      The housing crisis was the central cause of the recession, Wallison said. Other proposals by Bush to oversee Fannie and Freddie were shot down by Rep. Barney Frank (D-Mass) and Maxine Waters (D-Calif).

    Senior Fellow at the Hoover Institution Thomas Sowell, Sept 7 agreed in All Clear Politics that the risky loans by Fannie and Freddie are what “set off the chain reaction that bought down the whole economy…The current policies of the Obama Administration are a continuation of the same policies that brought on the current economic problems—all in the name of Fannie Mae and Freddie Mac—still sacred cows [14] in Washington.”

     And so Obama keeps digging and digging the ditch.

 

 

Posted by Jim Hoft on Saturday, September 11, 2010,


The US now owes more money than all of the money in the world combined.
Kevin D. Williamson at
National Review Online reported:

I have argued that the real national debt is about $130 trillion. Let’s say I’m being pessimistic. Forbes, in a 2008 article, came up with a lower number: $70 trillion. Let’s say the sunny optimists at Forbes got it right and I got it wrong.

For perspective: At the time that 2008 article was written, the entire supply of money in the world (“broad money,” i.e., global M3, meaning cash, consumer-account deposits, checkable accounts, CDs, long-term deposits, travelers’ checks, money-market funds, the whole enchilada) was estimated to be just under $60 trillion. Which is to say: The optimistic view is that our outstanding obligations amount to more than all of the money in the world.

Global GDP in 2008? Also about $60 trillion. Meaning that the optimistic view is that our federal obligations outpace the entire annual economic output of human civilization.

So, John Boehner wants to roll spending back to where it was in the last year of the Bush administration. Okay, great. Nice start.

The Obama-Pelosi economic plan resulted in a cumulative 7.5 million jobs deficit. By every objective measure the democrat’s Trillion dollar stimulus bomb was a complete disaster.

Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation’s history.

 

 

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sirjohn
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Re: OBAMA DIGGING HIS OWN DITCH...

NOW LET'S GET ON TO THE REAL ISSUES!!!

Vanity Press ^ | 04-27-2011 | cww

 

*Doubled Gas Prices! (from $1.61/gal on 1/12/09 to $3.85/gal on 4/22/2011 !!!

*40 cents of every dollar spent by the federal government borrowed from China, India, etc.

*45% of income earners paying no Federal Income Tax (no skin in the game)!

*8.8 % Unemployment!

*Rising Inflation!

*$3 Trillion Dollars of Additioanl Debt in 2 Years!

*Lowest % of people in the workfoce since 1983 (45.4% of Americans!

*Skyrocketing Commodities Prices!

*Highest % of Government Handouts per family since 1936!

*A 57% Disapproval Rating of Obama's Handling of the Economy!

*A stalemate in Lybia and Radicals Ascending in Egypt.

*A stifing energy policy!

*Provable Lies About Obama Care -- You cna't keep your doctor and it didn't save, but rather increased costs!

*Horrible foreign policy decisions regarding Israel, Iran, Columbia, China, etc.

These are the issues, people!! Not birth certificates, not race, not golf outings or vacations!!

The engine of creativity and prosperity is stalled. People need to hear the truth repeated over and over again!!!!

The battle for the hearts and minds begins and the survival of the United States is at risk!!

 


 

Thanks to Obama, Gas Jumps in a Flash (Thanks to the left, prices will keep on rising, too.)
Pajamas Media ^ | April 26, 2011 | Will Collier

 

 

It must have looked so simple from Barack Obama’s rarely visited Senate office, or Steven Chu’s comfortable digs at Berkeley: if only we stopped taking advantage of all those nasty fossil fuels, everything would be better.

Three years ago, when then-Senator Obama was dismissing high energy prices as just another good reason for more government handouts, and Chu was insisting that Americans ought to pay European prices for gasoline, all they heard in return was applause from their core constituencies — academics and the media.

    Unfortunately for now-President Obama, the reality of $4-$5-a-gallon gasoline is a much tougher sell to the general public. He’s put himself to work spinning the line that “speculators” are at fault for high prices, but the actual explaination is far more prosaic. Limited supply plus growing demand equals higher prices. That’s a formula so simple, even a community organizer should be able to understand it.

    Asian demand for energy continues to rise as nations in the far east region — oddly lacking in “stimulus” spending — continue to boom. Supply, meanwhile, has fallen off, not only as a consequence of the turmoil in Libya and other oil-producing countries, but also thanks to the Obama-ordered moritorium on drilling in the Gulf of Mexico — and the recenly ordered moritorium on future drilling anywhere else off the American coasline.

    Obama and his minions have been chasing the green jobs chimera for so long that it’s an instinct. They pompously suggest that Americans ought to trade in their current vehicles for pricey, government-approved matchbox cars, asserting still that there’s “no quick fix” for high energy prices. History, and very recent history at that, indicates that they are mistaken.

    Take a look at this chart compiled by metalprices.com. It’s the price of a barrel of crude oil over the past 5 years.

     See that big peak in the middle? That was the last oil spike, in the summer of 2008. Notice how the price hit a high point, then fell off a cliff afterwards?

The day corresponding to that peak, an all-time high of $145.16/barrel, was July 14, 2008. By some strange coincidence, that was the very same day then-President George W. Bush lifted, by executive order, a federal ban on offshore oil drilling.

     Bush’s order was, of course, immediately dismissed by the “experts.” Reuters waved away the action as “a largely symbolic move unlikely to have any short-term impact on high gasoline costs.” Barack Obama’s campaign lectured that if “offshore drilling would provide short-term relief at the pump or a long-term strategy for energy independence, it would be worthy of our consideration, regardless of the risks. But most experts, even within the Bush administration, concede it would do neither.”

      The movement left was even more dismissive. ClimateProgress.org blasted The Washington Post for failing to headline their story about the order “Offshore Drilling Raises Oil Prices.” In response to Bush’s assertion that additional offshore extraction could equal current U.S. production in 10 years, they editorialized: “Yes, and monkeys could fly out of my butt” (emphasis in original).

     There was just one problem: reality. Even though, as critcs were eager to point out, any additional American drilling was years in the future, oil prices immediately went into free-fall. By Friday, July 18, the price of a barrel of crude had dropped to $128.94, a 12% decrease. A month later, on August 14, the price had fallen to $115.05. In spectacular fashion, Bush’s academic and media critics were proven seriously wrong.

    For commodities traders who’d been pricing oil based on a supposition of scarcity, the potential for millions of additional barrels on the market hit like a thunderbolt. The simple act of putting America’s resources on the table popped the oil bubble, and a stunning price drop followed in short order. By election day, November 4, the price of a barrel of crude had plummeted to $70.84 — a 51% decrease in less than five months.

     But wait. I can already hear the cries of, “Uh uh! The price dropped because demand fell off! Haven’tcha ever heard of the Great Recession?”

Problem is, all of that happened months prior to the collapse of Lehman Brothers and the beginning of the financial crisis on September 15, 2008 (price of crude: $95.52). Oil prices actually spiked at the outset of the economic mess, peaking at just over $100/barrel on September 30 before falling again. They reached a bottom price of $30.28 on December 23, a jaw-dropping 80% off the July peak, less than a month before Barack Obama took office.

    Speaking of which: Obama had been president-elect for all of five days when he announced his intention to rescind Bush’s order. Oil prices started going up again in January of 2009 and steadily increasing ever since. Obama Energy Secretary Ken Salazar announced a highly restrictive offshore leasing policy last December, and the Bush executive order was officially reversed on February 8, 2011.

     The price of crude that day was $85.85. By April 19, it had risen to $107.18, with no end in sight.


 GEORGE SOROS, EL BANQUERO DE OBAMA, ES EL MAYOR BENEFICIARIO DE LA POLITICA ENERGETICA DEL REGIMEN OBAMUNISTA QUE NOS DESGOBIERNA.  LA COMPAÑIA BRASILEÑA, PETROBRAS, DONDE SOROS TIENE UNA CUANTIOSA INVERSION, RECIBIO DE OBAMA $2 BILLONES DE DOLARES PARA EXTRAER PETROLEO EN UN ENORME YACIMIENTO A MAS DE 5,000 PIES DE PROFUNDIDAD EN LAS COSTAS DE BRASIL.  PARA COLMO, BRASIL TIENE CONTRATO CON CHINA PARA VENDERLE EL PETROLEO QUE SE EXTRAIGA....  Y LOS ESTADOS UNIDOS, ADEMAS DE CORNUDO, APALEADO!!! AQUI POR MAS DE 30 AÑOS NO SE HA PERMITIDO CONSTRUIR NUEVAS REFINERIAS DE PETROLEO, SIN EMBARGO OBAMA ACABA DE DAR $2 BILLONES PARA QUE SE CONSTRUYA UNA...   EN COLOMBIA!!!!

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sirjohn
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Re: OBAMA DIGGING HIS OWN DITCH...

EL CONTUBERNIO DE OBAMA CON SOROS Y BRASIL 

  

 Soros,  BP  and  Obama:  Singing  From  the  Same  Hymnal

By Joy TizJune 16, 2010

Joy Tiz

 

      Even if we’re unsure exactly what that looks like. Even if we don’t yet know precisely how to get there. We know we’ll get there

Barack Obama

 

       Last week, I had an emergency root canal.  A root canal is an excruciating tribulation but once it’s over, you will be better off for it.  The same cannot be said of Obama’s Oval Office screed.

       A mere seven weeks into America’s  most damaging environmental emergency, our commander in chief assured us that he will lead us to someplace even though he has no clue where that someplace may be.  What he does know for an unqualified certainty is that only the government can get us to that chimerical someplace.

          The most repugnant parts of the oily speech were his efforts to use the language of war.  “Battle plan”, “fight” and” siege” skipped right over asinine into profane.  Once again, Obama’s deficient knowledge of American history was on full display when he told the world that during World War II, many doubted America’s capacity to produce necessary planes and tanks to win the war.  Who the hell ever doubted that?

       Obama used his airtime to denounce the evil capitalists at BP and reassure a nervous nation that he is going to make them pay.  He is going to “make” them put money in an escrow account to be managed by a “third party”.  There is no lawful authority that gives Obama the power to do any such thing.  Hate on BP all you want, but at no time has anyone at BP even suggested they could not or would not pay out claims sent their way.  Perhaps Obama would know that if he had met with the CEO sometime prior to day fifty-eight of the crisis.

  

     Nowhere in all of the twaddle was any hint that Obama was interested in actually plugging the a sss hole.  Obama’s SOP for dealing with a crisis is to outsource.  We should be relived to recall that shortly after the spill, the president deployed his A Team of bureaucrats, lawyers and outright lunatics, including Steven Chu—did you know he won a Nobel Prize? 

     That would be the same Steven Chu who wants us to paint our roofs white to combat fictitious climate change.  If Chu can’t get that ******* hole plugged, who can?  Obama  heroically appointed another unaccountable czar and established a national commission.  That should get the a sshole plugged post haste.

     At no time while outlining this can’t-fail scheme did Obama mention waiving the Jones Act that would enable the Dutch and other foreign friends furnish assistance.   

       Instead, Obama is fixated on  economy asphyxiating policies.

Obama’s efforts to deflect criticism onto BP will be blunted when the public figures out that BP and Obama are singing from the same hymnal on energy policy.  Three oil companies are on board for cap and tax, among them is BP.

     The president would have you believe that the cause of the oil calamity is the free market.  BP, according to Obama, is a wild eyed, anti-government free marketeer.  Quite the contrary

       BP was a founding member of the U.S. Climate Action Partnership (USCAP), a lobby dedicated to passing a cap-and-trade bill. As the nation’s largest producer of natural gas, BP saw many ways to profit from climate legislation, notably by persuading Congress to provide subsidies to coal-fired power plants that switched to gas.

     In February, BP quit USCAP without giving much of a reason beyond saying the company could lobby more effectively on its own than in a coalition that is increasingly dominated by power companies. They made out particularly well in the House’s climate bill, while natural gas producers suffered.

      But two months later, BP signed off on Kerry’s Senate climate bill, which was hardly a capitalist concoction. One provision BP explicitly backed, according to Congressional Quarterly and other media reports: a higher gas tax. The money would be earmarked for building more highways, thus inducing more driving and more gasoline consumption.

Elsewhere in the green arena, BP has lobbied for and profited from subsidies for biofuels and solar energy, two products that cannot break even without government support. Lobbying records show the company backing solar subsidies including federal funding for solar research. The U.S. Export-Import Bank, a federal agency, is currently financing a BP solar energy project in Argentina. 

 BP also employs lobbying firm, the Podesta Group.  That would be the same John Podesta who runs the Center for American Progress—a George Soros funded left wing think tank.

 

 

       Obama can posture all he wants and denounce BP as the villain.  It’s not like he’s worried that BP is going to demand their money back—a total of $77,051—the largest donation the firm has ever made to a political candidate. 

 

 

 

 

 

 FINANCIERO DE OBAMA SE ENRIQUECE CON LA CRISIS DEL GOLFO.

 

       SOROS ES EL VERDADERO PODER DETRAS EL TRONO, OBAMA NO ES MAS QUE UN TITERE DE ESTE BILLONARIO QUIEN FUE COLABORADOR DE LOS NAZIS Y AHORA ESTA DETRAS DE LA AGENDA MARXISTA Y ANTIAMERICANA DEL REGIMEN OBAMUNISTA.

 

 

Much of Barack Obama’s socialist agenda and ideas for the United States comes directly from Soros and in turn through his network of leftist funded organizations.

 

    This includes the funding of organizations that advocate abortion, open borders, amnesty for illegal aliens, a cap and trade tax, to prevent man-made global warming, huge cuts in defense spending, increasing the minimum wage and the world poverty tax just to name a few.

      Soros likes to be considered a “stateless stateman”.

In fact he is more accurately described as the Godfather of World Socialism.

 

Obama’s Boss Sees Silver Lining In BP Spill

 

June 13, 2010
Joy Tiz

 

George Soros is one of Barack Obama’s primary financial backers and agenda puppeter.

 

The Man Behind the Curtain and his Drones.

 

      Reuters is reporting that Brazil stands to benefit from the BP oil spill disaster as the US moratorium makes more rigs available for other countries.

     Even as an ecological catastrophe makes the future of U.S.

offshore drilling less certain, Brazil is plowing ahead with a

$220 billion five-year plan to tap oil fields even deeper than

BP’s (BP.L) ill-fated Gulf well, which is still leaking crude.

 

 

        It’s estimated that thirty five rigs are now sitting idle in the Gulf of Mexico. Brazil is already getting inquiries from companies wanting to move their rigs there. Brazil’s state oil company, Petrobras already produces about a fourth of the world’s deep water oil.

 

 

     Analysts say oil companies operating in the Gulf of Mexico— most notably BP and Chevron (CVX.N) — may have to decide between paying standby fees while the rigs are idle, moving them to other projects, or canceling the contracts. The U.S. moratorium may last longer than six months becauseof U.S. sentiment against offshore drilling and plans for anoverhaul of safety standards.The shortage of rigs could help Brazil become a major oil exporter.

 

      What an amazing stroke of good fortune for Obama’s boss, unrepentant Nazi collaborator, George Soros!

      Soros is also invested in offshore oil drilling in Brazil, assisted by the American taxpayers.

 

 

     Newsmax:

     The Wall Street Journal reports: ‘The United States, through the U.S. Export-Import Bank, has issued a ‘preliminary commitment’ of $2 billion and more if needed’ to Petroleo Brasileiro SA, a Brazilian government-owned oil exploration and development corporation known as ‘Petrobras.’

 

     Soros Fund Management, LLC holds a stake in Petrobras of approximately $900 million as of December 31, 2009.

 

Soros.jpg Soros image by ostracon321

 

 

 

    George Soros’ principal investments are in oil; one in particular is Petrobras, the Brazilian-owned company. This happens to be the largest investment in the Soros portfolio at the present time.

      Now that word is out that the facilities of the U.S. Export-Import Bank SA is offering guarantees for loans to Brazil’s state-owned oil company Petrobras, U.S. citizens are beginning to complain.

     Soros also owns quite a lot of real estate in Brazil. Soros’ Adecoagro, which invests in renewable energy, owns or leases about 840,000 acres of farmland in Argentina, Brazil and Uruguay growing coffee, soybeans and other commodities. Royal Dutch Shell Plc and Bunge Ltd. Are also expanding into ethanol in Brazil.

  

 

When you get to boss the president around, you never have to let a good crisis go to waste.

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joyafina88
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Re: OBAMA DIGGING HIS OWN DITCH...

"Waiter! This coffee tastes like mud."
"Yes sir, it's fresh ground."   hihihihihihihihi  just joking hahahahaha :burlon:

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siboneyes
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Re: OBAMA DIGGING HIS OWN DITCH...

Obama, Gas Prices & the Faculty Lounge

By Victor Davis Hanson

 

4/28/2011

      Are high gas prices a good thing?

That is not as dumb a question as it sounds. Examine a few revealing past remarks from President Obama and the cabinet officials who are now in charge of the nation's energy use and oil leases on federal lands. Then decide whether the current soaring gas prices are supposed to be good or bad.

 

IN 2008, Sen. Ken Salazar

(D.,Colo.) - now secretary of the interior, in charge of the leasing of federal oil lands - refused to vote for any new offshore drilling. In a Senate exchange with minority leader Mitch McConnell (R., Ky.), Salazar objected to allowing any drilling on America's outer continental shelf - even if gas prices reached $10 a gallon. We can now see why the president appointed Salazar, inasmuch as Obama recently promised the Brazilians that he would be eager to buy their newfound offshore oil - while prohibiting similar exploration here at home.

     From 2007 to 2008, Steven Chu, now secretary of energy, weighed in frequently on global warming and the desirable price of traditional energy. At one point Chu asserted, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe." Chu also lamented, "We have lots of fossil fuel; that's really both good and bad news. We won't run out of energy, but there's enough carbon in the ground to really cook us."

    In other words, $10 a gallon for gas would be desirable, while an enormous amount of recoverable American oil, gas, coal, tar sands, and oil shale should be left untapped.

    During the 2008 campaign, Obama himself had strange ideas about the prospect of expensive prices for fossil-fuel-generated energy: "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket."

    Candidate Obama also elaborated on the envisioned role of his administration in ensuring such high prices: "So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them."

     As for consumers' plight in paying skyrocketing gas prices, the president, now and in the past, has sounded ambivalent. He recently told a questioner, "If you're complaining about the price of gas and you're only getting eight miles a gallon, you know, you might want to think about a trade-in." Few large passenger vehicles today get only eight miles a gallon, and many squeezed Americans in recessionary times cannot so breezily think of "a trade-in."

    In 2008, Obama addressed consumer fears about climbing gas prices: "But we could save all the oil that they're talking about getting off drilling, if everybody was just inflating their tires and getting regular tune-ups. You could actually save just as much."

   Note again the fantasy. Few of today's cars have distributor points. New-generation spark plugs and computerized ignition usually ensure 75,000-100,000 miles without a so-called "tune-up." There is no evidence that Americans' tires are chronically underinflated, or if they were, that such negligence would waste more gasoline than all that could be recovered from new offshore oil drilling.

     What explains the weird rhetoric from Obama and his administration? First, not long ago they considered high energy prices as not that bad. Government-sponsored mass transit and alternative-energy projects - from wind and solar to the federally subsidized Chevy Volt - pencil out only when gas gets expensive. And if you believe in man-made global warming, then the less coal, gas, or oil that Americans use, the better for the planet.

     Second, a president who believes that modern cars get eight miles per gallon or need frequent tune-ups, and that proper tire inflation can substitute for drilling oil, has never run a business that hinged on having moderately priced gas to power a truck, tractor, or car fleet. In fact, most in the Obama administration came to Washington from either academia or prior state- and federal-government employment, where policy is theoretical, without grounding in real experience.

      So much of this administration's talk about energy sounds similar to a bull session in the faculty lounge, or what we would expect from lifelong bureaucrats and public functionaries who have never experienced long commutes or struggles in the harsher, profit-driven private workplace.

     Now the global economy is recovering and energy use is climbing, as the U.S. dollar sinks. The oil-rich Middle East is in chaos. And more than 2 billion people in India and China are desperate for imported oil. The result is that American gas prices are astronomical, and the public is furious and starting to demand relief from the administration.

     Its answer? Simple: Since reelection looms, the administration now insists that high energy prices are no longer good, but suddenly bad. And the evil oil companies are mostly to blame!

    Victor Davis Hanson is a classicist and historian at the Hoover Institution, Stanford University, and author, most recently, of "A War Like No Other: How the Athenians and Spartans Fought the Peloponnesian War." You can reach him by e-mailing author@victorhanson.com.
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siboneyes
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Re: OBAMA DIGGING HIS OWN DITCH...

Obama’s Election Strategy Is to Kill Jobs

 

By: Michelle Lopata

The reason why jobs number reports are constantly in flux is because President Barack Obama’s “new election strategy for getting the unemployment rate down is to kill jobs,” talk radio host Rush Limbaugh said.

“I finally figured it out,” Limbaugh said Friday. “Barack Obama has decided that the only way to lower the unemployment rate is to kill off jobs.”

“The unemployment rate went down one tenth of a percent from 8.2 to 8.1 percent but the number of people leaving the labor force is at an all-time high. It’s over 88 million Americans not working.”

Limbaugh says that when looking at demographics, the unemployment rate is even worse for younger Americans, whose unemployment rate is closer to 15 to 20 percent.

Limbaugh says that the key to making sense out of these reports is to alter our way of thinking.

“Pushing people out of the workforce drives down the unemployment rate,” Limbaugh said. “When that happens, Obama says the recovery is slow but steady.

“As you see the unemployment rate fall, what you must understand is — do a 180 on your thinking — what you must understand is the job situation is worsening.”

“The labor force participation rate, that is the universe of all jobs available, is skyrocketing upward and that means fewer people are counted in the whole equation which means the unemployment rate is plummeting,” Limbaugh continued.

“Under Obama, when the unemployment rate falls, the jobs situation is getting worse,” Limbaugh said, because they then rely on government subsidies such as disability and food stamps.

“There is no recovery.”

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siboneyes
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Re: OBAMA DIGGING HIS OWN DITCH...

OBAMA, THE BLACK PANTHERS AND THE CALL  FOR WHITE GENOCIDE

 

AQUI LOS UNICOS QUE PLANEAN   UNA   REVOLUCION RACIAL SON LOS SICARIOS DE OBAMA, LOS   BLACK   PANTHERS!!!

 

 



 

 

 



 

OBAMA ATIZANDO LA GUERRA DE  CLASE  Y  EL  ODIO RACIAL EN UN RALLY DE LAS PANTERAS   NEGRAS

 

New Black Panther's  Cracker   Killer's  latest training video...cute! 

 

 

 

 

 

EXTERMINATE WHITE    PEOPLE!!!

 

 

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siboneyes
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Re: OBAMA DIGGING HIS OWN DITCH...

Newsweek Calls Obama the  First  Gay  President

By Katie Pavlich

5/14/2012

 

It seems as if Newsweek may have jumped the shark with   its  latest cover implying President Obama isn't just a supporter of  gay  marriage,  but that he is actually gay himself.

The news-magazine, which hits stands today, is using the   shock  factor of labeling the straight, married, father-of-two President  to  draw  attention to itself.

 



Last week, Obama touted his pro-gay marriage stance on   his  Twitter page and on his campaign website.

 

And of course, the cover article is written by  Andrew   Sullivan, the same writer who heavily questioned whether Trig Palin   was  really Sarah Palin's son.

President Obama is taking full advantage of his "coming   out"  moment on gay marraige and will head to a swanky NYC fundraisier  with  gay singer Ricky Martin today.

Obama is heading to the Rubin Museum of Art in Chelsea  for  a  $5,000-a-ticket fundraiser co-hosted by the LGBT Leadership  Council and  openly  gay singer Ricky Martin. 

Ricky Martin is also an admirer and fan of Fidel Castro  and  Hugo Chavez... 

BIRDS OF A FEATHER F.CK   TOGETHER!!!