Economy: President Obama and his acolytes are gushing over his fiscal cliff victory. But the glow isn´t likely to last long, once everyone figures out that the tax hikes Obama wrangled from Republicans only made matters worse. Let´s look at what Obama has managed to achieve with his $620 billion tax hike on the wealthy and the boost in the payroll tax rate. • They´ll hurt the economy. Economists are admitting the fiscal deal will slow the already sluggish economic growth. Moody´s Analytics chief economist Mark Zandi says the higher taxes on the wealthy and the increase in
This plan would result in such huge growth that it would not reduce revenue: File monthly paying 1% on the first one thousand and paying ten percent on everything beyond the first 1K. It would also save everyone money on tax prep.
I think that Obama has lost any political advantage and good will he ever had. All eyes will be on him now to fix the economic situation and we know that it will only get worse. He has cried "Wolf" one too many times, me thinks.
God bless Investors Business Daily. They always put on the rose-colored glasses. The public isn´t going to believe that Republican support of these taxes was ´wrangled´. Instead they are going to believe that the Republicans were complicit in our economic ruin. That was the Democrats´ goal.
The 113th Congress convened yesterday and their first order of business will be passing a pork filled Sandy Relief bill. That 620 billion dollar tax increase just passed will become a 560 billion dollar tax realization. Sounds like Obama will be back looking for more tax dollars.
Meanwhile, Paul Ryan says he voted for it `in the best interest of America`. Really Paul? Isn`t that a fancier way of saying it`s the best deal we could get?
The economic facts in this article are all true but what about the prediction of GOP wins in the mid terms. With the GOP frittering away their chances and caving to Obama at every turn they are going to loose the mid term elections. What did we get in the last crisis that Pelosi would have done different? She even got a carve out for her Tuna factory and she is still not paying her fair share! These useless GOP cowards will need to change their ways in the next crisis or they are toast! Obama betrays everyone but his base supporters. Boehner takes his base supporters for granted - they have nowhere else to go - and runs around trying to get the support of lefties who hate him. That is what he needs to learn from Obama!
If caving (a la best: interests of America, no choice, we´re only one branch, we did the best we could,etc.) is always the answer then why do we need them? They had two years to head this off and under Boehner´s leadership blew it. They were outplayed and outmaneuvered and looked pathetic. They looked like a high school team playing the pros. Once again the pubs failed to get their message out and it cost them. Then they turned around and approved a giant pork bill without so much as a fight. It may have been the best we could do at the time only because they failed to deal with it until the last minute and then only from a defensive position. Now what about that loan cap? BHO could care less. It would cost him squat, he can´t be re-elected. Think not, what did blowing the stimulus money cost him, or all the scandals, or high unemployment, or failed foreign policies, or on and on. This will fall on the pubs shoulders. They signed off on it.
The article (thank you for posting, OP) is far more worthwhile than anything posted here about it.
Petulance such as we see here... and are getting in the ear from Rush on the radio... (apparently he needed more vacay... try Hawaii next time, Rush... ) signifies nothing meaningful nor productive in any way.
Reagan´s optimism would lead you to think about the following... Bamster is at his highest right now... He has nowhere to go but down... He will crash along with the economy... His taxes, unemployment, Obamacare mess, and vast economic malaise will cost him... Full Obamacare kicks in Jan. 2014... The midterms are in Nov. 2014... The party of the incumbent prez in his second term (six years in) usually takes a huge negative hit in the midterms...
We will wreck the final two years of Bamster´s reign of terror... We will own the House and Senate... Bamster will be a weak lame duck, despised by many more than he already is...
We can easily own the WH, House and Senate by Jan. 2017. And many more of us won´t be fooled again by any liberoid lies.
People sick of DimWit domestic terrorism will be joining us. DimWits are corrupt, sick and evil. They rape and ruin our nation daily. Let´s get ready to whip them. And let´s roll.
The crybaby whiners who post here daily do not impress me. If you cannot filter out the nonsense from Sean and Rush, don´t listen to them. They are lazy multimillionaires who have no actual responsibilities. They can and do say anything they want. Real life is much more difficult.
The media screws the right every day. That´s the biggest problem. We´re up against cheaters. We can and will whip ´em. Their asses deserved to get kicked. It´ll be fun.
#21, rafter, You are right about one thing: rush, shut up. All of the talk shows (maybe except Mark Levin) are so lame and self-aggrandizing it is like sour berries - I don´t watch and listen after November elections. Pure junk! But back to the point - did hitler, stalin, mao or castro (also many others) suffer for what they did? And don´t point out that hitler killed himself. Yes, he did, but he had 15 year run of ultimate satisfaction. Those sadists have so much fun that they don´t pay attention to mosquito bites. They enjoy screwing us even more. They see us squirm and get orgasms out of that.
#17 I agree, but the Republicans have to get the word out about just what the Democrats are doing. The Democrats see to it that they control the narrative! They never stopped until everyone beleved Romney was a rich ogre who hated poor people. This latest fiasco--when Boehner AGAIN caved--on the Hurricane Sandy thing. Democrats and two Republicans out there bashing Republicans for not taking care of the poor victims. Why werent Republicans out front saying look here what is in that bill--billions of pork. BUT NO Republicans let the Democrats control the narrative.STUPID
Facts mean nothing in today´s media-driven pop culture. ...Remember 0bama´s modua opperandi is, ´It´s not what you know that counts, it´s what they think you know.´ Too many think exactly what the dems´ media tells them to think, regardless of the facts. That is the way too many gullibles apparently voted last November, but EVERYONE except 0bama´s cronies will suffer the very real excessive taxation consequences.
ABO clearly wasn´t the winning strategy many proclaimed it would be. He was reelected even with the worst economy ever, spending more than anyone has ever spent before, and socializing some businesses and healthcare. Why anyone thinks that a worsening economy will influence the 2014 elections is beyond me. The reali is that the Repubs have squandered their opportunity to prove they have our best interests at heart. The agreed to raise most of our taxes, but made sure that cut out plenty of interests who we are now paying more to supplement. ABO/ABD wasn´t a winning strategy in 2012 and it won´t be in 2014. Besides, the Repubs have destroyed a whole lot of their support base. How´re they going to recover that - RINO Power?
Look at california. The donks can pass any thing they want. any tax issue, any raises, and any stick-it-to-whitey bill they want. There is no one to oppose them. It will be truly a LaRaza State. If you come to visit and you drive around, you´d be shocked at the huge swaths are all Little Mehico. If don´t live in Calif, get control of your local and State Registrar of Voters. One in each county. Change to Paper ballots. Get rid of the machines. The machines were set up to speed the reporting so the Press would have a quick story. but the Press is the tumor on our country. Paper ballots, no big companies to run things. But you must follow the ballots to be counted. Follow the car with the ballots so no switches can be made.No mail in balloting/elections.No same day registration.Poll watchers. all this sounds far-fetched but it is an easy way to begin retoring our nation.Our Nation, not someone else´s nation.
DOn´t worry, folks. the next cliff is on its way. Obie´s goose is cooked, msm, like it or not. Even the msm will not be able to message Obie´s way out of this one because a lot of them will have been laid off by then.
There was a great chart at Business Insider, showing the various recessions and job losses since 1948 until the present.
This one is the longest, having lasted nearly five years. I think that qualifies more as a "depression," and I´m waiting for Barry to get punished for it. Maybe, as others here have said, the 2014 mid-term elections will do the trick. But oh how much pain there will have been by then.
President Obama has found someone to blame for the Affordable Care Act´s rolling failures besides Republicans. ObamaCare is the government´s fault, not his. On Thursday, Mr. Obama dropped by American University for a heart to heart with Chris Matthews, and the MSNBC host wondered who in the executive branch is responsible for the botched health-care rollout. Mr. Obama listed a few impersonal culprits including "cynicism," "Washington gridlock" and "the management of government," but he then drifted into another classic. "The challenge, I think, that we have going forward is not so much my personal management style or particular issues around White House
Jobs Report: November´s numbers were stronger than expected, a phrase rarely uttered since this president took the economic reins. But while a bigger number is always better, one good month now and then won´t cut it. According to the Bureau of Labor Statistics, the economy created 203,000 jobs in November, 196,000 of which were in the private sector. Now at 7%, the unemployment rate has fallen to the lowest level in five years. What´s more, unlike in previous months, the rate´s drop came from gains in employment, not from people dropping out of the labor force. The labor force participation rate actually
Executive Orders: A liberal constitutional scholar warns of the concentration of power not only in the hands of one branch of government but in a single man who ignores the Constitution and acts of Congress on a whim. As the story goes, Benjamin Franklin emerged from Independence Hall at the close of the Constitutional Convention in Philadelphia on Sept. 18, 1787, when a woman asked, "Well, Doctor, what have we got, a republic or a monarchy?" Franklin is said to have replied, "A republic, madam — if you can keep it." The Founders designed a system of checks and balances among three
Most presidents have politically troublesome relatives: Jimmy Carter had colorful brother Billy, Bill Clinton had brother Roger, and the George Bushes had son/brother Neil, who was involved in both the savings-and-loan scandal of the 1980s and Asian "sex romps" that emerged in a messy 2003 divorce. Obama has a passel of half-siblings, but his requisite nettlesome relative may turn out to be an uncle, Onyango (Omar) Obama. In August 2011, Uncle Omar was pulled over in Framingham, Mass., for driving under the influence. His arrest revealed both several outstanding orders for his deportation and his relationship to the
RUSH: Here is Wolf Blitzer. Last night on The Situation Room, Wolf Blitzer had in Fareed Zakaria GPS. I guess Fareed had his location device with him. He calls himself "Fareed Zakaria GPS." When you´re with him, I guess, you always know where you are. And they´re talking about the impact of the passing of Nelson Mandela, and this is classic. Listen to Wolf here... BLITZER: Is it overly naive to hope and pray that maybe the death of Nelson Mandela will inspire some of those world leaders out there right now to do the right thing, to recognize that bloodshed and
WASHINGTON — Without Nelson Mandela, there might never have been a President Obama. That is the strong impression conveyed from Mr. Obama, whose political and personal bonds to Mr. Mandela, the former South African president, transcended their single face-to-face meeting, which took place at a hotel here in 2005. It was the fight for racial justice in South Africa by Mr. Mandela that first inspired a young Barack Obama to public service, the American president recalled on Thursday evening after hearing that Mr. Mandela, the 95-year-old world icon, had died. Mr. Obama delivered his first public speech, in 1979, at
RUSH: We mentioned earlier that Obama didn´t know that Obama was living with his uncle, who happened to be an illegal alien at the time. Here´s Jay Carney. This is yesterday afternoon in Washington the White House at the daily briefing. Ed Henry, the Fox News White House correspondent, said, "The White House said that in 2011, that there was no record of Obama and his uncle, Omar Obama, ever meeting. Now the Boston Globe is being told by the White House -- and I assume you can elaborate here, Jay -- that, in fact, they not only met, but
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
More young men in California rise in pitch at the end of their sentences when talking, new research shows. This process is known as "uptalk" or "valleygirl speak" and has in the past been associated with young females, typically from California or Australia.But now a team says that this way of speaking is becoming more frequent among men.The findings were presented at the Meeting of the Acoustical Society of America in California. "We found use of uptalk in all of our speakers, despite their diverse backgrounds in socioeconomic status, ethnicity, bilingualism and gender," said Amanda Ritchart, a linguist at the University of
The most curious thing of all about the November jobs report released on Friday was the huge drop in the unemployment rate — and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification. On Nov. 19, I broke the news in my column that the Census Bureau, which collects data that goes into the jobless rate on behalf of Labor, had caught one of its enumerators fabricating interviews in 2010. The culprit said back then (and to me during an interview) that he was told to do so by
DAVID CORN: I saw a president who remains frustrated with the political-media culture that he has to work within, and that he´s looking to rally people, students here, and supporters, and people within the media. CHRIS MATTHEWS: But David Corn, you skeptic. He came to us today. He came amongst us. CORN: He´s trying to rally people behind this vision that he´s been promoting for a couple years. FINEMAN: By the way, he did it the end here, today, Chris, not by defending specifics, but by explaining why he´s in the game to begin with. And I don´t know about you, he´s
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
Denver - A baker who refused to make a wedding cake for a same-sex ceremony must serve gay couples despite his religious beliefs or face fines, a judge said Friday. The order from administrative law judge Robert N. Spencer said Masterpiece Cakeshop in suburban Denver discriminated against a couple "because of their sexual orientation by refusing to sell them a wedding cake for their same-sex marriage." The order says the cake-maker must "cease and desist from discriminating" against gay couples. Although the judge did not impose fines in this case, the business will face penalties if it continues to turn away gay
7. On the U.S. war with Iraq: “If there is a country that has committed unspeakable atrocities in the world, it is the United States of America. They don’t care for human beings.” Via cbsnews.com 6. On Israel: “Israel should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.” Via jweekly.com 5. On the U.S. war with Iraq: “All that (Mr. Bush) wants is Iraqi oil.” Via cbsnews.com 4. Mandela on Castro and the Cuban revolution: “From its earliest days, the Cuban Revolution has also been a