An Ol' Broad's Ramblings
Shoving America Off The Fiscal Cliff
When those poll people ask about approval ratings, of both the president and Congress, I think they are asking the most ill informed portion of the population. They should also have a few separate questions on approval, like approval for House and Senate. Then ask for an approval rating of Harry Reid all by his lonesome. The House holds the purse strings. First, they need to cut all unnecessary spending. Their job is to fund defense and roads. That’s their top priorities! Congress has sent a number of bills to the Senate, but the “ass of the Mormon church”, as he was referred to by Greg Gutfeld yesterday on The Five, refuses to bring any of the bills to the floor. In other words, he isn’t even bothering to do his job. He’s a petty little man with a petty little mind.
One thing that Congress, and the POTUS, have forgotten…they work for US! Yet, somehow, they have managed to turn that around, and now, WE work for them. They take our money, and spend it like a kids in a candy store, with unlimited funds, milking it for all it’s worth. Well, this cow is going dry! If they truly want to keep their jobs, they might want to consider actually DOING their jobs! Is campaigning more important? Apparently so. We have a POTUS who has been campaigning for more than four years now, and has increased his net worth 10 fold. How does that happen?
And then back to Reid. A piece from 2009 in the Nevada News & Views by Mark Noonan questions how a guy who has never done anything in the private sector, always claiming to be from a ‘poor background’, has accumulated so much wealth through a career in “public service”. So, we have this guy, who blocks every reasonable bill that Congress sends to the Senate, and blames the opposition party for HIS actions. Naturally, the lame stream media won’t report that Harry Reid is a feckless, and useless, weasel! It rather makes me wonder if he’s skimming off the top of every spending bill that has come his way, or is pocketing money from lobbyists. Hmmm….
So, the House sends bills to prevent Taxmaggedon to the Senate, and Reid refuses to even take a vote. So yes, MR Obama, D.C. could be changed from the inside, as soon as we get rid of people like you, Harry Reid, and Nancy Pelosi, and the rest of the socialists people have to stupid enough to vote into office. With strong, POSITIVE, Constitutional leadership, we could turn things around quite well. But no…you people are more worried about keeping your jobs, then doing them. How about the people out here who are TRYING to do their jobs, but are thwarted at every turn, by the massive taxes and regulations y’all keep throwing down pike?
I came to the conclusion quite a while ago….Democrats don’t give a damn about anybody but themselves, and their agenda is top priority. It’s time we squash their agenda and replace them all with Constitutional representation! And if the Republicans can’t find their spines, we can sure find folks to replace them too!
Obama and Congress Are Choosing to Cause a Recession
The Foundry
President Obama recently said, “The most important lesson I’ve learned is you can’t change Washington from the inside.” That’s demoralizing to hear when a recession is bearing down on the economy—and it’s an inside job.
The Congressional Budget Office has forecasted a fresh recession to hit next year if Taxmageddon, a nearly $500 billion tax increase, hits the nation and Congress and the President drive us off the “fiscal cliff.” President Obama has done nothing but ignore this warning.
In a new report, Heritage’s J.D. Foster explains that the very fact that we can see a recession coming is shocking. “Economic forecasters almost never forecast recessions,” he says. “Those few who do forecast recessions do so with great frequency and belong to the doom-and-gloom school of economics.” Yet we can see this one a mile away:
What makes this recession different, and predictable, is that the disruptive force is Washington policies and, even more, Washington behaviors—policies and behaviors for which the nation can thank the Congress and especially President Obama. The policy is Taxmageddon. The behavior is intentional, insistent inaction. The consequence is recession. The response should and will be outrage.
The problem is extremely clear. Congress has left town and isn’t scheduled to return until after the November election. With every day that passes, the economy drags, as the uncertainty of January 1 looms.
Economists talk a lot about “uncertainty.” Why is uncertainty such a big deal?
Business owners are looking at next year’s taxes already and thinking they can’t afford to hire. Investors are holding back from expansions and new ventures. This massive uncertainty is holding back all growth and keeping unemployment stubbornly above 8 percent, while millions have dropped out of the labor force because they are so discouraged.
Uncertainty affects your personal finances, too. Think about this: If you’re a middle-class American family, Taxmageddon means that your taxes are going up about $4,100 next year. How does that affect your thinking about traveling for Thanksgiving in a couple of months? Buying Christmas presents? What about saving for retirement or your children’s education?
It starts to hit home that you have to come up with that $4,100 somehow. You’re going to have to make cuts in your lifestyle to be able to pay this tax increase.
The best the economy has to offer right now is a holding pattern. Holding onto our money and holding our breath, waiting for the gigantic shoe of Taxmageddon to drop on top of us.
The President said outside forces were needed to change Washington. But this tax increase—and the recession it will bring—are an inside job. Congress and the President are the only ones who can prevent it.
The House passed a bill that would prevent the largest share of Taxmageddon, but when Congress came back to Washington for the blink of an eye after its August recess, it failed to finish the job. Everyone promptly dashed back to the campaign trail.
As Foster said, “President Obama should demand that Congress return to defuse Taxmageddon, and Congress should immediately heed his call. The job need only take a few days away from their campaigning.”
Polls show that Obama has a 50% approval rating.
Where do they find these people?
They are not in my neck of the woods!
They must be the same people that Stern’s crew interviewed.
The extreme weakness of the U S economy is the most important story that can never covered. No politician or media outlet will expose this because it would cause the house of cards to collapse. The Federal Reserve on Sept. 13th announced the unbelievable expansion of QE3 to infinity. Yesterday they also extended Operation Twist to infinity. What does this mean? The Fed is going to be printing over 2 billion dollars per day with no stop date. Here is a chart of the value of the U S Dollar.
http://www.barchart.com/chart.php?sym=%24DXY&style=technical&template=&p=MO&d=M&sd=&ed=&size=M&log=0&t=BAR&v=0&g=1&pct=1&evnt=1&late=1&o1=&o2=&o3=&sh=100&indicators=&addindicator=&submitted=1&fpage=&txtDate=#jump
You can see that in the last 10 years the value of the dollar has dropped by 25.53%. The average median income and household values is dropping dramatically across the country. The Consumer Price Index (Inflation) numbers are cooked. By removing energy and food from the calculation allows the Govt. to hold back on increases in Social Security payments and other benefits. The Federal Reserve is keeping interest rates low causing savers to lose money each month. The rising inflation because of money printing, lower incomes, and lost savings and retirement incomes will cause the extinction of the middle class. There is a whole lot more to this story. This is the largest transfer of wealth in the history of the world. The American citizen is taking on the debt of the major banks to back stop an economic collapse. This will not change with a new administration, it can’t. The solution to this problem would cause horrible pain and no politician wants that on his resume. Problem; this debt bubble will burst anyway, it’s a mathematical certainty. IMO it would be better to try and manage it than let the shock of a collapse send the population into civil unrest, i.e. Greece.
Gary, I have no idea who they are asking. It sure isn’t around here either! Must be the south side of Chicago, or maybe south central L.A. Or…perhaps…they just asking the media? Hmmm…
Bunker, I can see every time I go to the grocery store how little a dollar will buy compared to what it was just a year ago…not to mention 10 years ago…or even 30.
He did say he wanted to redistribute the wealth, right? Just didn’t say who he was gonna distribute it to… Yup…we’re headed down the rabbit hole, and I’m not too sure there is a bottom to this sucker. 