Archive for the ‘Economy’ Category
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?
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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.
March 21st, 2009
This whole “outrage” over the AIG bonuses was staged. Obama and the democrats knew about these bonuses for weeks and months beforehand, and Dodd specifically knew about them, and tried to lie about it. They even rushed a 1000+ page bill, which most did not even read, to illegally tax the AIG employees who received bonuses.
But continuing through this week it was clearly obvious that the real intention here was to stage this outrage in an effort to accomplish a few things.
- More anti-business sentiment. It’s no secret democrats are no friends to business, unless of course they are directly benefiting from kickbacks, but being against successful Americans is all part of their class warfare strategy they have played for decades. This week was the perfect opportunity to grand stand in front of the cameras and show how "evil" these people were for accepting bonuses. Unfortunately, it seemed to have worked, as employees are being threatened, and even left-wing groups are holding bus tours of AIG employees homes.
- Limiting Executive Pay. Another part of this ploy was to use it as an excuse to get the government more involved in overseeing the pay and perks that businesses pay. It’s already starting, and don’t think for one second this only applies to businesses that receive bailout money. This is more of Obama’s socialist agenda coming into play.
- Gateway to higher taxes. In response to their fake outrage, they passed an illegal bill taxing the bonuses over 90%. Once again, don’t think this applies only to AIG and companies receiving bailout money. This was another bill passed without scrutiny and oversight, all in the name of this “outrage”.
Obama, Pelosi, and Reid are the three most corrupt politicians in office today, followed closely by Dodd and Frank. American prosperity is being taken away more and more each week, and the media is fully complacent in it. Don’t believe any of this fake outrage, it’s all part of the socialist scheme they are trying to pull over America. We need to stop it now!
March 12th, 2009
How long will it take America to start saying, “what did we do”?
“President Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the economy from participants in the latest Wall Street Journal forecasting survey.
Their assessment stands in stark contrast with Obama’s popularity with the public, with a recent Wall Street Journal/NBC poll giving him a 60 percent approval rating. But a majority of the 49 economists polled is dissatisfied with the administration’s economic policies.
On average, they gave the president a mark of 59 out of 100, and although there was a broad range of marks, 42 percent of respondents graded Obama below 60. Geithner fared even worse, with an average grade of 51. Federal Reserve Chairman Ben Bernanke scored better, with an average 71.
“The Obama team has blown it,” said David Resler of Nomura Securities.”
March 10th, 2009
This is a great interactive timeline of the first 100 days of past (and present) U.S. Presidents.
March 7th, 2009
Not a surprising poll considering Obama has spent more in one month than the bill for Iraq, Afghanistan, and Katrina combined.
“The stock market has plunged to its lowest point in decades, unemployment is up, and home foreclosures are sweeping the country. Still, Americans think it can get even worse – a lot worse. Fully 61 percent of Americans think it is possible the United States government could literally go bankrupt. That’s according to a new Fox News poll released Thursday.
And what about the billions of dollars the government has spent since last fall to get the economy back on track? Many Americans think its simply not working: 44 percent say “things would be the same as they are today or even better” without the spending, while 38 percent think “things could have been a lot worse,” without the spending. Another 14 percent think it is too soon to tell.”
March 5th, 2009
Obama has fooled the tech crowd into thinking the Recovery.gov website is something other than propaganda.
Michelle Malkin has a collection of logos that photoshopper put their talents to, and came up with some awesome logos.
The full post has all the logos, but this one is my favorites.
March 3rd, 2009
This is a great article in the Wall Street Journal. Click the link below to read the whole article.
“As 2009 opened, three weeks before Barack Obama took office, the Dow Jones Industrial Average closed at 9034 on January 2, its highest level since the autumn panic. Yesterday the Dow fell another 4.24% to 6763, for an overall decline of 25% in two months and to its lowest level since 1997. The dismaying message here is that President Obama’s policies have become part of the economy’s problem.
Americans have welcomed the Obama era in the same spirit of hope the President campaigned on. But after five weeks in office, it’s become clear that Mr. Obama’s policies are slowing, if not stopping, what would otherwise be the normal process of economic recovery. From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence — and thus a longer period of recession or subpar growth.”
