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Possibility of Obama Tax-Hikes
Fuels Fear of New Recession
Chicago Daily Observer, by Brian Wesbury
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Original Article
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Posted By:Photoonist, 10/5/2012 2:40:28 PM
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| Economic forecasting was relatively easy from the end of World War II until the middle of the prior decade. Most of the time, you could just focus on monetary policy. When the federal funds rate was much lower than the growth of nominal GDP – real GDP growth plus inflation – then the Federal Reserve was too loose and nominal GDP growth would go up. When the Fed kept the funds rate above nominal GDP growth, it was tight and nominal GDP growth would slow, raising recession risk and reducing inflation.But then came the last recession, which had nothing to
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Comments:
There's been a 1.2% drop in industrial production and a 13.2% drop in orders for durable goods this past month. But the stock markets are going up. It's all a result of the Fed trying to hide the reality of what an 0bama regime for 4 more years will mean to the US economy. Bernanke and 0bama with his forthcoming taxes and regulations want to make it look like it's party time. But what they are really shouting is ''Toga. Toga. Toga.'' Welcome to Greece.
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Reply 1 - Posted by:
Mass Minority, 10/5/2012 3:30:36 PM (No. 8912565)
"... In a few months, we should know how much of this potential will become reality"
No, we will not. This administration has done everything within its power to create uncertainty.
And this time it really is Bush's fault. Because he started it, or more accurately he let it start.
It started with the Bush Tax cuts. Not the actual cuts,it was the idiots in our own party allowing the left to give them an expiration date.
If you added up all the times the left spent the money generated by the expiration of those cuts it would exceed our current national debt. For 12 years we have had every Democrat politician touting his own plan for spending the Bush Tax Cut money. They are still spending it.
And in the middle of a deep and deadly recession we have only given them one year extensions, agreed to only in late December.
We are entering our THIRD YEAR when On December 1st we do not know what our tax rate will be on January 1st. Knowing it will be set in oart by a mob screaming "Punish the Rich".
Money is tight because the only certainty right now is that half the population is desperately searching for a way to take it from the other half and damn the consequences.
Until that destructive movement is killed uncertainty will rule. No matter who is in the Whitehouse or who is running the Fed.
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Below, you will find ...
Most Recent Articles posted by "Photoonist"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Photoonist"
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MA Senate: Elizabeth
Warren Defeats Scott Brown
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Townhall, by Daniel Doherty
Original Article
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Posted By: Photoonist- 11/6/2012 9:53:58 PM
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We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.
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Republicans lose ground
in bid to take over Senate
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NBC News, by M. ALex Johnson
Original Article
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Posted By: Photoonist- 11/6/2012 9:36:34 PM
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Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican
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CNN Reports Romney Internal
Polling Shows Obama Leading In Ohio
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Mediaite, by Meenal Vamburkar
Original Article
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Posted By: Photoonist- 11/6/2012 9:23:34 PM
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CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.
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Obama adviser: 'They'll be counting
until 2 a.m.' in Florida
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Fox News, by Staff
Original Article
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Posted By: Photoonist- 11/6/2012 9:11:57 PM
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The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.
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No surprises for Obama,
Romney in early projections
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CNN, by Tom Cohen
Original Article
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Posted By: Photoonist- 11/6/2012 9:02:23 PM
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Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political
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Exit polls 2012: Hurricane
Sandy not a factor
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Politico, by Emily Schultheis
Original Article
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Posted By: Photoonist- 11/6/2012 8:48:28 PM
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A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.
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Exit polls 2012: Mitt Romney
winning independents
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Politico, by Emily Schultheis
Original Article
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Posted By: Photoonist- 11/6/2012 8:47:41 PM
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Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by
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Obama, Romney locked in tight race
with battlegrounds too close to call
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Fox News, by Staff
Original Article
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Posted By: Photoonist- 11/6/2012 8:24:14 PM
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Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take
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Romney wins South Carolina
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Market Watch, by Robert Schroeder
Original Article
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Posted By: Photoonist- 11/6/2012 7:53:12 PM
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Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.
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Ohio exit poll: More Democrats vote,
but independents back Romney
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CBS News, by Brian Montopoli
Original Article
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Posted By: Photoonist- 11/6/2012 7:45:37 PM
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As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.
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Romney Projected To
Win West Virginia
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MetroNews [W. Virginia], by Staff
Original Article
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Posted By: Photoonist- 11/6/2012 7:35:52 PM
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As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran
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Exit poll show voters lean
toward GOP compared to 2008
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The Hill [Washington, DC], by Justin Sink
Original Article
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Posted By: Photoonist- 11/6/2012 7:18:08 PM
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Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.
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Most Active Articles (last 48 hours)
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The Golf World Is Outraged That
Tiger Woods Didn´t Get Disqualified
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Business Insider, by Tony Manfred
Original Article
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Posted By: SoCalGal- 4/13/2013 1:56:27 PM
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Pro golfers, golf writers, and TV commentators are up in arms that Tiger Woods was only given a 2-stroke penalty for his illegal drop on the 15th hole yesterday. Tiger said last night that he dropped his ball two yards behind his previous spot, clearly violating the rule that you must drop "as nearly as possible" to your original spot. Golf people are not happy about it. They say that the new rule is B.S. (or it´s at least being misinterpreted), and Tiger should DQ himself to save the integrity of the game.
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From Dehumanizing Word
Games to Gosnell
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Obamacare Architect: Affordable
Care Act ´Beyond Comprehension´
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: KarenJ1- 4/12/2013 9:51:16 PM
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Sen. Jay Rockefeller (D-WV), one of the architects of the Affordable Care Act, said on Tuesday that the healthcare law, set to go into full effect in less than eight months, is “probably the most complex piece of legislation ever passed by the United States Congress” and “is just beyond comprehension.” Rockefeller said he is concerned that early missteps with implementing the healthcare overhaul may cascade into confusion and chaos. The law, said Rockefeller, is “so complicated and if it isn’t done right the first time, it will just simply get worse.” Rockefeller’s consternation echoes comments made earlier this
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Philly Abortion Clinic
Workers Saw Few Options
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Associated Press, by Maryclaire Dale
Original Article
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Posted By: JoniTx- 4/12/2013 7:28:32 PM
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They say they were just doing what the boss trained them to do. But eight former employees of a run-down West Philadelphia abortion clinic now face prison time for the work they did for Dr. Kermit Gosnell. Three have pleaded guilty to third-degree murder. And Gosnell, 72, is on trial in the deaths of a patient and seven babies allegedly born alive. In testimony at the capital murder trial this past month, an unlicensed doctor and untrained aides described long, chaotic days at the clinic. They said they performed grueling, often gruesome work for little more than minimum wage,
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The Decline of Obama
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Weekly Standard, by Fred Barnes
Original Article
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Posted By: StormCnter- 4/13/2013 5:13:17 AM
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With President Obama, there’s always a catch. In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security. It’s a technical change in pursuit of honesty and good government. And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. Republican leaders in Congress ought to be delighted since they had “championed”—Obama’s word—the idea in the first place. Then came the catch. The president’s price for adopting this gentle reform was hundreds of billions in new tax increases.
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1,500 Page Immigration Bill to Drop
One Day Before Only Hearing?
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Breitbart Big Government, by Matthew Boyle
Original Article
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Posted By: JoniTx- 4/13/2013 4:29:08 PM
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According to an ABC News report, senators from the bipartisan “Gang of Eight” pushing immigration reform are expected to drop their bill, estimated at around 1,500 pages, on Tuesday, mere hours before the only scheduled Senate hearing on the topic. “A bipartisan group of senators plans to introduce its long-awaited immigration bill on Tuesday, Senate sources confirmed to ABC News,” Jim Avila and Jordan Fabian wrote on Friday. “Four Democrats and four Republicans, known as the ´Gang of Eight,´ wrapped up months of hard-fought negotiations this week and will put forth a bill that includes a pathway
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Senate plan would make clogging
left lane a ticketable offense
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Tampa Tribune, by Bill Cotterell
Original Article
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Posted By: Hazymac- 4/13/2013 11:04:13 AM
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TALLAHASSEE - Picture this: You´re in the left lane of the interstate, driving a little below the speed limit, when some guy zips up behind you and swerves past you on the right. Then you notice the blue lights flashing. You´re savoring the satisfaction of seeing a trooper actually nab an aggressive driver — until you realize it´s you he´s pulling over. This could happen, if not very often, under a major transportation package expected to be taken up in the Senate Appropriations Committee next week. Introduced by Sen. Jeff Brandes, a St. Petersburg Republican, the bill is a 173-page
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Tip Line: Did Your Editor Spike
Kermit Gosnell Coverage?
Report It Here Anonymously
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PJ Media, by Staff
Original Article
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Posted By: Dreadnought- 4/13/2013 11:58:10 PM
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Few Americans can not answer this question: who is the worst domestic mass murderer in United States’ history? Due to the United States media, most are aware that Timothy McVeigh slaughtered 168 people with a bomb in 1995. Most Americans also know the names of our three most monstrous serial killers: “The Green River Killer” Gary Ridgeway, Ted Bundy, John Wayne Gacy. The U.S. media is again responsible for the general awareness of these men; these stories deserved — and received — national attention due to our common interest in personal safety, the rule of law
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Why Aren’t More People
Repelled by the Left?
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Power Line, by John Hinderaker
Original Article
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Posted By: StormCnter- 4/14/2013 6:12:20 AM
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Here is something I don’t understand: liberals are often revealed as vile, vulgar hatemongers–not all of them, of course, but far too many–yet they never seem to pay a penalty at the polls. Why is that? Margaret Thatcher’s death has been the latest occasion for the Left to show its true stripes. All across the U.K., there have been demonstrations–vulgar at best, and violent at worst. In Bristol, lefties celebrating a Thatcher “death street party” started fires, destroyed property and battled police: This evening in Trafalgar Square, liberals have turned out for a long-planned celebration of Thatcher’s death:
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Boehner: I Don´t Need
GOP to Pass Gun Law...
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Breitbart´s Big Government, by Ben Shapiro
Original Article
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Posted By: KarenJ1- 4/12/2013 11:51:37 AM
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On Thursday, in the midst of ongoing national debate over prospective gun control and comprehensive immigration legislation, House Speaker John Boehner (R-OH) said that he didn’t need the approval of a majority of his own party to move forward with legislation. Referring to the so-called Hastert Rule, named after former House Speaker Denny Hastert (R-IL), which dictated that House leadership not bring up any bill for a vote without the support of a majority of the majority party, Boehner said, “Listen: It was never a rule to begin with.” Then, realizing the gravity of admitting
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Thatcher thought Britain
was worth fighting for
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Orange County Register (Ca), by Mark Steyn
Original Article
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Posted By: Desert Fox- 4/12/2013 5:58:55 PM
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A few hours after Margaret Thatcher´s death on Monday, the snarling deadbeats of the British underclass were gleefully rampaging through the streets of Brixton in South London, scaling the marquee of the local fleapit and hanging a banner announcing, "THE B@&$! IS DEAD." Amazingly, they managed to spell all four words correctly. By Friday, "Ding Dong! The Witch Is Dead," from "The Wizard of Oz," was the No. 1 download at Amazon UK. Mrs. Thatcher would have enjoyed all this. Her former speechwriter John O´Sullivan recalls how, some years after leaving office, she
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