By law, on Friday the executive must begin to cut $85 billion from federal spending. Though, as is his wont, the president is blaming the Republicans for what he claims is a draconian measure. No less a Washington chronicler of events than Bob Woodward of the Washington Post considers that a gross distortion of the truth [T]he automatic spending cuts were initiated by the White House and were the brainchild of [Treasury Secretary nominee Jack] Lew and White House congressional relations chief Rob Nabors -- probably the foremost experts on budget issues in the senior ranks of the federal government.
Obama´s base isn´t even close to being satisfied with the fiscal cliff tax increases.A louyt 2-3% increase? No way. They want as much blood for rich people and evil corporations as they can get. Obama knows this and exploits those people for all they´re worth.
Obama was handed almost a trillion dollars in stimulus and the lofos barely saw a dime of it.What makes them think a $50 billion tax increase is going to trickle down to their wallets. The main beneficiaries of this insane stimulus are government unions who are a small part of the overall economy and doesn´t help the average schlub one iota.
The CEO of Whole Foods,Mackey,was on Hannity the other day bemoaning higher taxes and Obamacare saying they both hurt business. Whole Foods employs 75,000 people nationwide,who contribute umpteen dollars in taxes but that doesn´t count for the left,the owner should still pay through the nose,because "he has more money than he needs".
I think the short term capital gains rate should be a lot higher,If anybody´s making out like bandits today it´s stock flippers.
The old notion that investors in this country leads to economic growth and jobs is out the window under Obama. This has simply become a racket with insider trading being a big part of it.
If Bernake is going to use stimulus,it should be aimed at small business start ups instead of corrupt investors in the stock market who are making a killing but driving consumer prices up,hurting the "small guy".
Not to distract, but, bating could be correct. From the free online dictionary, "to lessen the force or intensity of, moderate".
Now to the point,Obie´s doubling down is more than just a political game at this point. He now sees the prospect of the great aftershock as becoming his legacy even amongst his sheep. Again, read Dave Wiedemer´s books for an instructive view of the gummint´s fiscal future.
Didn´t I just read that the National Givernment wastes (fraud and abuse) 125 million, or was it billion dollars a day? Sounds like an impossible figure, millions or billions, but with such a corrupt machine in Boomtown, anything is possible.
Reply 17 - Posted by:
Bad Dog, 2/24/2013 10:22:41 AM (No. 9193443)
I learned something new last week or so - I wish I could give credit to the source but it was a caller in to Rush - that Obama and his progressives believe in ´zero sum´ fiscal principles. A little web research brought me to a source that explains it this way:
For Obama, the economy is a zero-sum game. It’s a pie with only so many pieces–a pie that belongs ultimately to federal authority. It can therefore be seized and divided any way the government sees fit. ~http://thelibertyprofessor.com/tag/the-economy-is-not-a-zero-sum-game/
The radio show I first heard this, the person said zero sum accounting is where they believe there´s only so much money (in the country? world? sorry, don´t recall exactly), and that the more rich people have, the less poor people have access to. And that´s why they believe that redistribution is the only way to cure this defect of our society. All money therefore, should go to government, for more fair redistribution to those who don´t have ´their share´.
Honest to God, I´ve heard the term zero sum for a long time, never understanding until now what it means. But it fits the current regime perfectly - their philosophy, their governing principles and style, everything.
What we work for will be offset by somebody who doesn´t work as hard, to be ´fair.´
God help us.
Reply 18 - Posted by:
real fifi, 2/24/2013 10:23:11 AM (No. 9193444)
The editor blames a technical glitch which he´s correcting. The article should be back up now.
#17, I heard Rush explain baseline budgeting years ago in a way that I have never forgotten the lesson. With his wide audience he could devote 1 or 2 hours a month maybe and give basic lessons/definitions to us economic lofos in a way that would help us to combat the wool pulling performed by government and the media a lot better.
Progressives confuse creating money with creating value.
Capitalists cause products and services to be created and profitable exchange to flourish. Wealth accumulation is a residual effect. The situation only becomes "Zero Sum" after the leftists have destroyed the means of production.
#17 the dustbin of history is littered with socioeconomic models based on the zero-sum concept and those inevitably fail because they do not recognize one basic principle of human nature when it comes to economic issues. And that is that self-interest always trumps group interest. A capitalistic, market-based economy recognizes that indviduals making choices in their own self-interest is what drives the creation of wealth, and thereby benefits the largest number of people, if their political system safeguards individual liberty and allows them the freedom to make such choices. Zero-sum systems do not. So they impose political tyranny to restrain individuals from making those choices they deem in their best interests. To be honest, I don´t there has even been an example in history of a truly free economy, there has always been some shading of regulation and oversight which has led to varying degrees of mixed economies. But Western democracies have come the closest to it, and we have learned the hard way that the more economic freedom individuals have, the better off we all are from the viewpoint of economics and political liberty.
To explain #26´s excellent post in the same model as #17´s easy to remember think of the economy as rising yeast bread dough. At the best rising point any amount needed to bake is pinched off and is replaced by the whole batch still rising. At times if the dough is punched down it will rise again if not destroyed. The pie theory was around long before the zero folks figured the contained mess was for their elite consumption.
One of the most heartbreaking sights I ever witnessed was an old mangy dog that wandered into my property a few years ago. Over half of its hair was gone, and you could see literally thousands of ticks hanging on its body. The dog was barely able to walk, and I remember the look of pain and hopelessness on its face. Not knowing what diseases it was carrying, and wanting to keep my grandsons safe, I told them to go inside. I used a 22 rifle to mercifully dispatch the poor creature to oblivion. Then I burned the body, making sure that all the ticks perished in the flames.
The body politic now reminds me of that poor dog. The parasites are taking the last life blood from the walking corpse of the Republic. The individual ticks are unaware of their complicity in the demise of the host, but they will die in the flames with the rest of us. Shame on us all for allowing it to happen.
The best mob story ever told does not involve Al Capone or Bugsy Segal or John Gotti. It involves a mobster few American have ever heard of, Greg Scarpa by name, and his not quite as lethal son, Greg Scarpa Jr., "Junior" going forward. One reason few people ever heard of Scarpa is that until his arrest in September 1992, he worked as a "Top Echelon Confidential Informant" under the protection of the FBI for the most of the thirty years prior. During that time, Scarpa murdered at least fifty people.
Bill Kristol, editor of The Weekly Standard and regular commentator at Fox news, has said the closing of U.S. embassies in 21 countries is a sign of weakness on the part of the U.S. and suggests capitulation to al-Qaeda. He may be partly right, but chances are that the closing of the embassies auger something far more ominous. The shutdowns may be a sign of an increased conflagration in the Middle East and Northern Africa. We may be looking at the onset of World War III.
The fight is on. A growing — and furious — fight between the conservative base of the Republican Party and its Establishment elites in Washington is rapidly taking shape. Senator Ted Cruz took to Sean Hannity’s television show Tuesday night and took on Karl Rove, who had immediately preceded him on the show. In response to Rove’s strategy (Rove compared the defunding strategy to the famous — and losing — Pickett’s Charge of the Battle of Gettysburg). Cruz immediately countered by saying that while he wasn’t a military strategist he was pretty sure 100% of battles
In a perverse bit of post-trial agitprop, ABC News somehow recruited the one woman of color on George Zimmerman´s "all white" jury and twisted her words to reflect the presumed editorial position of ABC News. In this clip from an exclusive Robin Roberts interview which has played just about everywhere including CBS News, Roberts says to the juror, "Some people have said, point blank, ´George Zimmerman got away with murder.´ How do you respond to those people who say that?" In the edited video ABC floated about, "Maddy" answers unhesitatingly, "George Zimmerman got away with murder.
It should come as no surprise that some of the very worst rants about George Zimmerman’s acquittal are coming from an Ivy League professor. The competition is stiff, but will be hard-pressed to keep up with Anthea Butler, an associate professor of religious studies at the University of Pennsylvania. The Zimmerman verdict has caused Butler to conclude that God is “a white racist god with a problem” who “is carrying a gun and stalking young black men.” There are conclusions Butler could have reached short of equating her caricature of Zimmerman with God.
Toward the end of his closing statement on Thursday, Florida Assistant State Attorney Bernie de la Rionda posted a slide on a screen in a fifth-floor Seminole County courtroom. "Which Owner would be more inclined to yell for help?" read the banner on the top of the slide. The slide was divided in two. On the left was a photo of George Zimmerman´s Kel-Tec PF-9 9mm handgun, and on the right was a can of Arizona Watermelon Fruit Juice Cocktail. Beneath the photo of the gun was the question, "Who followed?"
Perhaps I´m just a creepy-a** cracka´ who doesn´t get it. But it always seems that when it comes to standards, the left gives you two for the price of one. And the idea that white people "can´t" understand black folks -- a similar point to which was made in a recent article about the George Zimmerman trial -- is a good example. But before getting to that particular piece, I have a question: is the issue here that one race simply cannot understand another? Or is this really just restricted to white people?
1.The Sound of Wet Grass: Black Racists´ War on Black Women The Trayvon Martin-George Zimmerman case has come to trial this week and the best thing that´s been said about it is from Thomas Maguire: "I´m proud to say I live in a country where the show trials look more like an SNL [Saturday Night Live] skit." You probably won´t know that if your source of information about the trial is the mainstream media and if your lifestyle doesn´t permit you to sit in front of the TV for hours watching the trial.
It´s a miracle! A fascinating and compelling movie whose plot is driven by the protagonist´s fidelity to the Constitution. (In fact there were more mentions of the Constitution than any other movie I have ever seen.) You have never seen a movie like Copperhead, and you ought to take the opportunity to see it on a big screen if you live in one of the forty-some cities where it is opening today. But even if you don´t, it is available today via all on-demand platforms, which is a great strategy to reach the widely dispersed audience
This is what happens when the President of the United States is dragged into making foreign and defense policy decisions, instead of determining American interests and then making policy to suit. And it is what happens when the president fails to make a clear case for those policies not only to the American public, but also to his own cabinet. It had been understood that senior members of the Obama administration wanted to provide arms to Syrian rebel forces in opposition to the Assad regime.
Michelle Obama has been capitalizing on her status as a descendant of slaves. Her latest junket to Ireland shows she is definitely enjoying the 21st-century benefits of the transatlantic slave trade her radical friends in Chicago refer to as "genocide" by white Americans. According to the First Couple´s pals, Reverend Jeremiah Wright, Louis Farrakhan, Rahm Emanuel, and Dr. Conrad W. Worrill of Northeastern University, white Americans should monetarily compensate black Americans for past slavery.
The latest polls show that President Obama´s approval ratings are in free fall like a hot air balloon with the fire extinguished; his approval rating has declined eight percentage points over the past month. CNN reporter Chris Cuomo described the decline as "dropping like a stone." Lara Brown of U.S. News and World Report, declared, "The Obama presidency becomes more Grant than Lincoln every day." Even his standing as a "leader" has shown a six-percentage-point drop among those who think he is a decisive and strong leader. Worse, CNN reports that half of the public no longer trust the president
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”
In 2008 and then again in 2012, after retired four-star General Colin Powell endorsed and then voted for Barack Obama, the former Secretary of State´s sanity was already in question. At least now, after having his email account hacked by high-level security-breacher Guccifer, Colin Powell´s besmirching of the Republican Party´s "shift to the right" and "identity crisis" finally makes sense. It seems that for years the mannerly and always professional Colin Powell has been cyber-comporting with a 46-year-old Romanian European Parliament member, Social Democrat, and past spokesperson for Romanian president Ion Iliescu named Corina Cretu
Conservatives have for years attempted to put our finger upon precisely why Barack Obama strikes us as queer in precisely the way he does. There is an alienness about him, which in the fever swamps is expressed in all that ridiculous Kenyan-Muslim hokum, but his citizen-of-the-world shtick is strictly sophomore year — the great globalist does not even speak a foreign language. Obama has been called many things — radical, socialist — labels that may have him dead to rights at the phylum level but not down at his genus or species. His social circle includes
For nearly a year, we have had no answer to why the administration lied about Benghazi — why it told the world, not to mention the parents of our murdered SEALs at the funeral of their sons, that the cause of that fatal conflagration was an anti-Islamic video no one saw, when the various arms of our executive branch (White House, State and intelligence) already knew, or strongly suspected, it was a terror attack orchestrated by al-Qaeda affiliates. You only have to read the now infamous talking points to know that. That this lie was deeply immoral is obvious.
Today, across Africa, Araby and Asia, from Nouakchott to Dhaka, the diplomatic facilities of the United States are closed. There’s a Tsarnaev out there, somewhere – could be the Mahgreb, the Levant, the Horn of Africa, the Indian sub-continent – who knows? So, as Richard Fernandez writes, “Shelter in place, this time globally.” Maybe it will work. Maybe by the end of the day there will be, unlike Benghazi a year on, men in custody. But if not? Daniel Pipes: Don’t know about you, but I find this pre-emptive cringing unworthy of a great country, even humiliating.
Several skills that every kid once learned in school are going the way of the dodo in a hurry. Diagramming sentences is practically an extinct art, for example. Cursive handwriting and memorized multiplication tables look to be swiftly headed that way. Apparently, the next thing that kids will no longer need to learn is spelling and grammar. Sugata Mitra, a professor of educational technology at Newcastle University in northeast England, announced that traditional language rules are out of fashion, reports the Daily Mail. Kids don’t need to waste time on those things, see. State-of-the-art computers and mobile phones can make
Common sense tells me that cops don´t need a Taser or a shotgun to subdue a 95-year-old man. When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he´d end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun.
Not only should President Obama cancel a bilateral summit with "schoolyard bully" Russian President Vladimir Putin, Sen. Chuck Schumer, D-N.Y., said Sunday on "Face the Nation," but considering the country granted asylum to National Security Agency leaker Edward Snowden, U.S. allies should try to move next month´s G-20 gathering from St. Petersburg. "President Putin´s behaving like a schoolyard bully, and in my experience, I´ve learned, unless you stand up to that bully, they ask for more and more and more," Schumer said. "He´s always going out of his way, President Putin is, to seem to poke us in
I have a suggestion. How about an exhibit on Tawana Brawley? If the purpose of the new National Museum of African American History and Culture at the Smithsonian is to remember racial controversies, as the proposed Trayvon exhibit seems to confirm, then how about an honest look at the phenomenon of hate crime hoaxes? Particular attention should be paid to the role of the media in both the Trayvon and Tawana materials. Unquestionably, the media stirred up racial animus, and these incidents both contributed to raising racial tensions.
Police shot and killed an armed teen in the South Bronx early today after the suspect opened fire and refused to drop his gun, police said. Two rookie cops heard shots fired near East 151st Street and Courtlandt Avenue around 3 a.m. and ran in the direction of fire, police said. The uniformed officers saw Shaaliver Douse, 14, of the South Bronx, chasing another person through the streets, according to cops. Douse, who was arrested in May on attempted murder charges for shooting a 15-year-old, fired at the man running on East 151st Street this morning, police said.
An odd dark vertical line that was observed in the sky over Florida earlier this week has left meteorologists puzzled. The shadowy apparition was spotted and photographed by Mike Weight at Honeymoon Island State Park near Dunedin, Florida, Wednesday. Weight was walking on the beach at around 12.30pm. The day was bright and sunny, but there were thunderheads forming to the east. ‘I was looking North when I observed what looked like a ray of dark light coming down from a small cloud to the surface of the Gulf about a half-mile away,’ the 73-year-old man wrote in an email
Republican National Committee Chairman Reince Priebus threatened to pull the group’s partnership with NBC and CNN for 2016 GOP presidential primary debates if the networks moved ahead with plans to air films on Hillary Clinton. “If they have not agreed to pull this programming prior to the start of the RNC’s Summer Meeting on August 14, I will seek a binding vote stating that the RNC will neither partner with these networks in 2016 primary debates nor sanction primary debates they sponsor,” Preibus said in a statement. In individual letters to CNN President Jeff Zucker and NBC Chairman Robert Greenblatt,