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Obama Doesn't Get It: Spending Will Not Fix Economy
Many in the establishment media and, in particular, some of the commentators on MSNBC have referred to
members of the tea party and their supporters in Congress, who did not vote for the debt-ceiling compromise, as
delusional or worse.
The tea party crowd argued that the compromise would do almost nothing to stop the United States from going
over the budget deficit cliff and that the continuing, irresponsible deficits required stronger medicine, such as a
balanced budget amendment to the Constitution.
The idea of a constitutional amendment to balance the budget or to limit taxes and spending was mocked by
smug, leftist commentators as both unneeded and unrealistic.
Many in the establishment media and, in particular, some of the commentators on MSNBC have referred to
members of the tea party and their supporters in Congress, who did not vote for the debt-ceiling compromise, as
delusional or worse.
The tea party crowd argued that the compromise would do almost nothing to stop the United States from going
over the budget deficit cliff and that the continuing, irresponsible deficits required stronger medicine, such as a
balanced budget amendment to the Constitution.
The idea of a constitutional amendment to balance the budget or to limit taxes and spending was mocked by
smug, leftist commentators as both unneeded and unrealistic.
Jim Rogers: Bernanke, Geithner Leading Us Into Fiscal Armageddon
The United States is quickly approaching a fiscal Armageddon and the players in Washington — specifically
Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke — don’t understand what is
happening or know what do about it, world renowned investor and author Jim Rogers tells Newsmax.TV.
The chairman of Rogers Holdings and Beeland Interests, Inc. predicted more problems in the financial markets in
the next few years and said any halt in the decline of stocks was just a “temporary bottom.”
He said that while America is not at the brink of a fiscal Armageddon right now, the nation is likely to default on its
obligations in the future.
The United States is quickly approaching a fiscal Armageddon and the players in Washington — specifically
Treasury Secretary Tim Geithner and Federal Reserve Chairman Ben Bernanke — don’t understand what is
happening or know what do about it, world renowned investor and author Jim Rogers tells Newsmax.TV.
The chairman of Rogers Holdings and Beeland Interests, Inc. predicted more problems in the financial markets in
the next few years and said any halt in the decline of stocks was just a “temporary bottom.”
He said that while America is not at the brink of a fiscal Armageddon right now, the nation is likely to default on its
obligations in the future.
Obama, Glenn Beck Warned you about this. How come he knew this and you didn't?
A recent secret White House meeting reporting that thousands of surface to air missiles have
gone missing in Libya.” An estimated 20,000 of these “portable, heat-seeking missiles have
gone missing from unguarded Army weapons warehouses.”
Senator Barbara Boxer, of the Senate’s Commerce, Energy, and Transportation Committee
said that “matching up a terrorist with a shoulder-fired missile, that’s our worst nightmare.
And now, thanks to Obama’s carelessness and his unnecessary decision to intervene in
Libya, it may be our future reality.
Thank you Mr. President. How is that Arab Spring going for you again?
A recent secret White House meeting reporting that thousands of surface to air missiles have
gone missing in Libya.” An estimated 20,000 of these “portable, heat-seeking missiles have
gone missing from unguarded Army weapons warehouses.”
Senator Barbara Boxer, of the Senate’s Commerce, Energy, and Transportation Committee
said that “matching up a terrorist with a shoulder-fired missile, that’s our worst nightmare.
And now, thanks to Obama’s carelessness and his unnecessary decision to intervene in
Libya, it may be our future reality.
Thank you Mr. President. How is that Arab Spring going for you again?
I have often wondered why the Democratic Party is associated with Donkeys.
These last 2 1/2 years has confirmed my theory why.
These last 2 1/2 years has confirmed my theory why.
Obama's Tour of Denial and Blame
It's being billed as a listening tour—a three-state journey across the Midwest where President Barack Obama will hear directly
from Americans about the economy and talk about his ideas for job growth. Instead, though, it has the characteristics of a political
campaign swing, and the rhetoric the President has brought along for the ride is marked by a desperate effort to blame someone
other than himself for America's economic woes.
The President's tour began yesterday in Cannon Falls, Minnesota, where in one breath he pointed his finger at Washington's
broken politics and in the next he blamed "a string of bad luck ... a bunch of things taking place over the last six months that were
not within our control."
You had an Arab Spring in the Middle East that promises more democracy and more human rights for people, but it also drove up
gas prices -- tough for the economy, a lot of uncertainty. And then you have the situation in Europe, where they're dealing with all
sorts of debt challenges, and that washes up on our shores. And you had a tsunami in Japan, and that broke supply chains and
created difficulties for the economy all across the globe.
It's being billed as a listening tour—a three-state journey across the Midwest where President Barack Obama will hear directly
from Americans about the economy and talk about his ideas for job growth. Instead, though, it has the characteristics of a political
campaign swing, and the rhetoric the President has brought along for the ride is marked by a desperate effort to blame someone
other than himself for America's economic woes.
The President's tour began yesterday in Cannon Falls, Minnesota, where in one breath he pointed his finger at Washington's
broken politics and in the next he blamed "a string of bad luck ... a bunch of things taking place over the last six months that were
not within our control."
You had an Arab Spring in the Middle East that promises more democracy and more human rights for people, but it also drove up
gas prices -- tough for the economy, a lot of uncertainty. And then you have the situation in Europe, where they're dealing with all
sorts of debt challenges, and that washes up on our shores. And you had a tsunami in Japan, and that broke supply chains and
created difficulties for the economy all across the globe.
Obama Creates His Own Luck
“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there,
now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed
by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society,
the people then slip back into abject poverty. This is known as ‘bad luck.’”
– Robert Heinlein
Today in Iowa, Barack Obama proved once and for all that he does not understand how the economy works:
At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program “reversed
the recession” until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly
precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in
exchange for an increase in the national debt limit, resulting in a deal Obama called a “debacle.”
“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah,
Iowa. “But over the last six months we’ve had a run of bad luck.” Obama listed three events overseas — the Arab Spring
uprisings, the tsunami in Japan, and the European debt crises — which set the economy back.
In the first place, perhaps I have been living in the wrong one of John Edwards’ Two Americas, but I don’t really remember how
everything was just fine in the American economy before the the tsunami hit Japan. That really seems like the sort of thing I would
have noticed but maybe I just had my head in the sand – I am sure the American people will remember it next November, though.
Second, I am a little puzzled as to how the debt ceiling compromised – which was passed two weeks ago – caused the recession
to persist for the better part of the last three years. It’s even more puzzling than Katrina vandenHeuvel’s assertion that the August
debt compromise caused a bad jobs report for July.
All of that aside, does Obama really think “bad luck” is the reason the economy is the way it is? If he really doesn’t have a better
explanation then he ought to do the country a favor and step aside in favor of someone who actually understands that jobs are
created by hard working, intelligent and/or creative people that he has spent the last 4 years demonizing and punishing at every
opportunity. Their ability to create jobs is hampered by pointless regulation and their ability to obtain capital to continue functioning
is hampered by the uncertainty that is created by leadership that is rudderless and/or openly hostile to wealth creation. When
businesses don’t know if their plans will be hampered by arbitrary regulation or their profits confiscated, they don’t grow and jobs
don’t get created.
That isn’t “bad luck,” it’s bad policy. And the country can’t take any more of it.
“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded — here and there,
now and then — are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed
by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society,
the people then slip back into abject poverty. This is known as ‘bad luck.’”
– Robert Heinlein
Today in Iowa, Barack Obama proved once and for all that he does not understand how the economy works:
At a town hall meeting on his campaign-style tour of the Midwest, President Obama claimed that his economic program “reversed
the recession” until recovery was frustrated by events overseas. And then, Obama said, with the economy in an increasingly
precarious position, the recovery suffered another blow when Republicans pressed the White House for federal spending cuts in
exchange for an increase in the national debt limit, resulting in a deal Obama called a “debacle.”
“We had reversed the recession, avoided a depression, gotten the economy moving again,” Obama told a crowd in Decorah,
Iowa. “But over the last six months we’ve had a run of bad luck.” Obama listed three events overseas — the Arab Spring
uprisings, the tsunami in Japan, and the European debt crises — which set the economy back.
In the first place, perhaps I have been living in the wrong one of John Edwards’ Two Americas, but I don’t really remember how
everything was just fine in the American economy before the the tsunami hit Japan. That really seems like the sort of thing I would
have noticed but maybe I just had my head in the sand – I am sure the American people will remember it next November, though.
Second, I am a little puzzled as to how the debt ceiling compromised – which was passed two weeks ago – caused the recession
to persist for the better part of the last three years. It’s even more puzzling than Katrina vandenHeuvel’s assertion that the August
debt compromise caused a bad jobs report for July.
All of that aside, does Obama really think “bad luck” is the reason the economy is the way it is? If he really doesn’t have a better
explanation then he ought to do the country a favor and step aside in favor of someone who actually understands that jobs are
created by hard working, intelligent and/or creative people that he has spent the last 4 years demonizing and punishing at every
opportunity. Their ability to create jobs is hampered by pointless regulation and their ability to obtain capital to continue functioning
is hampered by the uncertainty that is created by leadership that is rudderless and/or openly hostile to wealth creation. When
businesses don’t know if their plans will be hampered by arbitrary regulation or their profits confiscated, they don’t grow and jobs
don’t get created.
That isn’t “bad luck,” it’s bad policy. And the country can’t take any more of it.
MEDEFCO TEA PARTY
Solyndra, Obama's way to reward his supporters (At Tax Payers Expense)
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Smart Meters, Smart for America or just more Government control?
SOPA and PIPA... Good for America or is this another means to shut down our 1st
Amendment Rights. (Freedom of Speech)
Amendment Rights. (Freedom of Speech)
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PIPA, watch this short video to see what it can do
to our Freedom of Speech. This is a good, easy to
understand video
to our Freedom of Speech. This is a good, easy to
understand video
This is a must watch. Wake up America.
President Obama is about to sign four treaties which surrender our sovereignty,
enact gun control, cede the power to go to war to the U.N., and tell us how to
raise our children. This is another "Must Watch" 02-03-2012
enact gun control, cede the power to go to war to the U.N., and tell us how to
raise our children. This is another "Must Watch" 02-03-2012
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