Archive for the ‘Economy’ Category
March 11th, 2010
Way to go Obama!
“WASHINGTON — The government ran up the largest monthly deficit in history in February, keeping the flood of red ink on track to top last year’s record for the full year.
The Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.”
Posted in 
February 24th, 2010
While the White House and their propaganda minions go on their “road to recovery” spree on Twitter, the rest of America is feeling the effects of the Obama economy and it’s only going to get worse.
Sales of newly built U.S. single-family homes unexpectedly fell to a record low in January, according to government data on Wednesday that hinted at potential trouble for the fragile housing market recovery.
The Commerce Department said sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in January 1963, from an upwardly revised 348,000 in December.
It was the third straight month that new home sales fell and the percentage decline in January was the largest in a year.
It’s no surprise really considering the unemployment rate, regardless of what the Obama “road to recovery” image says. All the White House seems to care about is forcing their government health care bill through. I sometimes wonder how America will make it to 2012.
November 16th, 2009
In the ongoing effort to become the most corrupt White House in recent history, the Obama administration cut 60,000 jobs from a “stimulus” report. This was in response to inflated job creation reports which were described as “unrealistic”.
The stimulus hasn’t worked, it hasn’t created job, and now they are scrambling to make themselves look good.
August 28th, 2009
Is this that “hope and change” you wanted?
The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May.
July 31st, 2009
If you need any other proof that the government cannot do anything right, take a look at their “cash for clunkers” program. This was a wasteful idea to begin with, by giving people up to $4500 for their old vehicles. Once again, the tax payer had to shell out to help your neighbor buy a new car. As with most government programs, this one is another miserable failure.
“The U.S. government’s $1 billion “cash for clunkers” program to spur new car sales ran through the money six days after it began, Senator Debbie Stabenow said.
Stabenow, a Michigan Democrat, and other lawmakers called for an infusion of taxpayer money to subsidize more new-vehicle purchases in the effort to revive dealerships and automakers while getting older, less fuel-efficient vehicles off the road. “
Of course running out of money doesn’t mean they will stop, it just means they will find more of our tax payer dollars to fund this useless program. These people can’t even manage a simple idea such as this, do you really want them controlling your healthcare?
July 13th, 2009
Obama has accomplished another milestone today in his Presidency, bringing the federal budget deficit to a record $1 Trillion.
WASHINGTON — Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time ever.
The imbalance is intensifying fears about higher interest rates and inflation, and already pressuring the value of the dollar.
The Treasury Department says the deficit in June totaled $94.3 billion, pushing the total since the budget year started in October to nearly $1.1 trillion.
More of that “change” we can believe in?
July 2nd, 2009
We are unfortunately 6 months into the Obama Presidency, and it seems people are finally beginning to understand what a mistake it was to elect a “community organizer” during this time of crisis. In just this short period of time, Obama has out-spent 8 years of Bush in one bill, and now is pushing for Trillions in new entitlements that the country simply cannot afford.
But lets go back a few months to the so-called “stimulus” bill, which once again, cost the American taxpayer an unfathomable amount of money. Obama and his fellow democrats told us the stimulus was necessary for economic recover, and that it would create jobs and turn the economy around. People with any amount of common sense realized the stimulus was a waste of money, and that the millions of dollars that were put in to quietly fund Obama’s far-left groups like ACORN made this bill a total sham. That didn’t stop them from ramming it through without even reading much of it.
So here we are, and the latest job figures from June are out, and we see the U.S. has lost nearly another 500,000 jobs, and that number is expected to rise even higher. Many states are in double-digit unemployment, and the U.S. percentage is effectively there already. I remember several years ago when unemployment was at 4.5%, and democrats were saying it was the worst economy since Hoover. Where are they now? I know where, they are still trying to blame Bush.
The United States has lost millions of jobs since he took office, but you never seem to hear that in the media. The stimulus has not worked, and has actually had a negative effect on the economy. There are not many signs of the economy turning around anytime soon, can it last until we get someone in charge who knows what they are doing?
May 28th, 2009
It’s an interesting theory, and judging by the history of thug tactics by Obama, it would not surprise me one bit. The investigation by bloggers such as Michelle Malkin is still ongoing, but it’s already revealing some interesting claims that dealerships that are being spared from closing, have strong ties to democrats.
Obviously, if the Obama administration would be transparent about the closings this would not be necessary. However, as we have pointed out several times before, Obama’s “transparency” is selective at best.
Here are some links about the subject:
If you are a dealership being closed and believe it’s targeted for political reasons, or if you have info about a closing, feel free to contact us.
March 31st, 2009
In case you ever need an example of the hypocrisy of democrats and their fake “outrage” about things like AIG bonuses, just take a look at this.
“An aide to U.S. Sen. Chris Dodd dismissed as “old news” a report Monday that said the Connecticut Democrat collected more than $160,000 from American International Group employees and their spouses after a top executive urged employees to give.
The Washington Times reported that in a November 2006 e-mail, the head of the troubled Financial Products unit told employees that Dodd was “next in line” to chair the Senate Banking, Housing and Urban Affairs Committee, where he would “have the opportunity to set the committee’s agenda on issues critical to the financial services industry.”
See, companies like AIG are good when they donate hundreds of thousands of dollars to campaigns, but when they are needed for a political stage event, they are tossed under the bus.
Dodd and Frank are two of the most corrupt and inept politicians in Washington today. We can only hope at election time people will remember this.
March 30th, 2009
Well it seems Odumbo can’t keep his hands off private business. With the threat of withholding funding, the Obama administration asked GM CEO Rick Wagoner to step down.
This is another dangerous move by Obama, and it all could have been avoided by not bailing our private business in the first place. It’s time for GM and the other car manufacturers to go into bankruptcy if they cannot restructure their business on their own.
