That's a Load of Bull$%&# Obama

Read the first two paragraphs of this Reuters story:

BEIJING, Nov 18 (Reuters) - President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession.

With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate balance of trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction.

WHAT THE HECK? He is warning us about containing U.S. deficits? Who's run up the largest U.S. deficit ever seen in a mere 10 months? Who is going to put us another trillion dollars in the hole with this health care plan that no one gives a flying flip about right now? His administration is "trying to boost the economy and spur job creation while putting the economy on a path toward long-term deficit reduction"? Does anyone really believe he is trying to spur job creation? Does anyone really believe he is putting our economy on a path toward deficit reduction?

I'm Shocked! NOT!

A real shocker! The White House is now predicting bigger deficits and bigger debt! Now the CBO is predicting a $9 trillion deficit from 2009-2019, which is $2 trillion more than the Obama administration predicted in May. The debt is supposed to double by 2019 and consume three-quarters of the national economy.

The Spend-ulus Package is a Complete Failure

Also, Obama-nation reader Rose pointed out that Obama promised to deliver more than 600,000 jobs this summer with his $787 billion stimulus package (experts put the actual cost at more than $1 trillion, but we'll give him the benefit of the doubt). That equals out to about $1.3 million in borrowed funds per job, not to mention the interest that's racking up daily.

Obama's Pay "Czar" and More Money We Don't Have

A couple of new things to get your blood boiling before the weekend:

- the White House is going to appoint a "pay czar" to regulate the pay of employees of companies receiving bailout funds. Or to insure that high level employees that are the brains behind the company leave in favor of overseas companies that don't regulate their employees' pay. Right now the White House just wants to regulate the pay of companies receiving federal money and they can make a decent argument for why they need to do that. But how long until they try to regulate your pay? Sound ludicrous? The White House is taking over companies right and left. They are dying to get their hands on healthcare. How long before they tell us what doctors and nurses can make? They are handing out money to states right and left. How long will it be before they tell us what state employees can make? At the rate they are going, I fear that no one is safe.

- Back in April I told you that Obama wants to lend $100+ Billion to the International Monetary Fund. Now Democrats are trying to make him happy by sticking a multi-billion loan to the IMF onto a war supplemental bill that's supposed to be voted on next week. Disgusting. Click here to read more.

Change You Can Believe In, Part 2

OK, now I'm really mad. Obama's actions have hit close to home - my handsome hubby got laid off. I know the economy was going down when he took office, but Obama's stupid actions haven't helped. Instead of spending $1 trillion on nothing, which is what the spend-ulus package did, maybe instead he could have said no capital gains tax for a year. Or tax incentives to small businesses. Or anything other than blowing $1 trillion on things as ridiculous as hybrid vehicles we don't need, Amtrak and turning federal buildings into green spaces, none of which helps anyone I know but all of which will hurt everyone I know in the long run.

A little comic relief: Obama wants to impose an extra tax on aspirin. Why? Because it's white and it works.

Now, my Obama-nation: Obama's fuzzy math. During his press conference the other night, he claimed he's created or saved 150,000 jobs. Actually, we've lost 1 million jobs since Oh-crap took office. His 150K figures comes from what his advisors THINK the stimulus bill is doing. Click here to read more.

Another example of his fuzzy math? His tax cut to 95 percent of Americans. He claims that if you are refinancing your house, you are getting the equivalent of another tax cut: "And we launched a housing plan that has already contributed to a spike in the number of homeowners who are refinancing their mortgages, which is the equivalent of another tax cut."

Sometimes I wish I lived in his fantasy world. : (

Obama's Protecting the Bankers?

Speaking to a group of CEOs of the largest financial institutions in the country last week, Obama let his feelings about their large salaries be known. One CEO defended the large salaries, saying "These are complicated companies”. Another said: “We’re competing for talent on an international market.”

Obama's response? "Be careful how you make those statements, gentlemen. The public isn’t buying that. My administration is the only thing between you and the pitchforks.”

Excuse me? His administration is the only thing between them and the pitchforks? Wasn't it Democrats who forced the banks to make these horrible loans which led to all this? Isn't Obama the one on TV every other day fanning the flames of rage against the CEOs and corporate greed, the purpose of which I think is to project anger from him and his spending onto someone else? Everyone I know who is mad is mad about the crazy spending going on by him. And he thinks HE is protecting them from people with pitchforks? Give me a break! Click here to read more.

A Round-up of Recent Obam-inable Actions

There are several Obam-inable things our leader has done lately.

First, a hilarious one. Guess what song was on the iPod he gave the Queen? Send in the Clowns!! I kid you not. There could not be a more appropriate song out there for him to put on that iPod. Here's a list of the other songs on there.

Second, an update. Last night Congress passed that Obam-inable budget which raised spending by 10% over Bush's last year. This is in addition to that ridiculous stimulus bill. I guess if you are in the middle of a $$ crisis, you should just spend more! What a plan. In good news though, the number of Democrats opposing this plan has increased since the stimulus bill was passed.

Third, Obama executed a bow so deep to the Saudi king that he almost fell down. Contrast this with the handshake he gave the queen of England. Hmmm, Saudi Arabia vs. England. Check out the video on youtube.

Finally, the most disturbing, Obama and the other world leaders at the G-20 summit announced yesterday that they were pledging $1.1 TRILLION in new funds to rescue the world's economy. $1.1 TRILLION!! How dare he? How much of this is coming from us? Here's just a crazy wild guess - the vast majority. I am getting sick of this. Obama, my kids' future earnings are NOT a part of some blank checkbook for you. Click here to read about that.

Obama Won't Take Real Questions from Real People

Last week, Obama held a town hall forum. There was an internet question portion of the forum where anyone could submit questions, and then he also called on "regular" people in the White House to ask him questions. (I made up my own list of questions (below) but didn't send any of them in. Now that I know the deck was stacked I'm glad I didn't bother.)

Five of the questioners he called on in the White House have been fully identified. Now here's a real shocker: all five who were called on who have been identified are Obama supporters! They include: a member of the pro-Obama Service Employees International Union, a member of the Democratic National Committee who campaigned for Obama among Hispanics during the primary; a former Democratic candidate for Virginia state delegate who endorsed Obama last fall in an op-ed in the Fredericksburg Free Lance-Star; and a Virginia businessman who was a donor to Obama's campaign in 2008. WOW! I am shocked! Obama won't risk taking any real questions? I am blown away. Click here to read more.

In case you are interested, here are the questions I would have asked him about the economy, which I made up last week.

1. Why did you campaign against earmarks and sign a bill with 8,000 of them in it?
2. Why did you campaign on transparency in government and then strong arm our representatives into signing a 900 page, $1 trillion bill without giving them or the American people time to read what was in it?
3. Why do you want to harm charities by limiting the charitable deductions wealthy people receive when they donate to charities? Is it so the government will be forced to pick up the slack after charities financially collapse, thereby making politicians like you stronger and the government bigger?
4. Why did you say in your press conference that we are moving from an era of borrow and spend to one where we save and invest? What planet are you living on?
5. Why were you giggling like a schoolgirl when discussing the economy on 60 minutes? Is this stuff funny to you?
6. Why did you trash Bush for increasing the national debt while according to this chart using your own numbers, Bush's spending was a drop in the bucket compared to yours?
7. Why did you spend $1 billion we don't have every hour for the first 50 days of your administration? Have you even heard of Dave Ramsey?
8. Is the White House aware of the taxpayer revolts (tea parties) occurring on a weekly basis across the country? What does Obama plan to do to appease taxpayers?
9. Why do you say you want to fix the economy when every single action you take says the opposite, like the card check bill, the limiting greenhouse gases bill, and punishing the country's producers with ridiculous amounts of income taxes? Do you think any of these actions will actually help the economy? Really Obama?
10. Why do you like to blame Bush for the state of the economy, when it's all linked to the housing crisis, which can be directly linked to Democrats forcing banks to make bad loans to minorities? Why do you blame Bush when the record shows he sounded the alarm bell in 2002?
11. Why are you punishing people who play by the rules and make their mortgage payments on time by forcing them to foot the bill for those who don't?
12. Why did you hire a tax cheat to head the IRS?
13. Why did you put a burden on the economy by giving free health insurance to kids living in families that make up to $88,000 per year? Don't you think families who make $88k a year can afford their own insurance? Is it so more people become dependent on government?

Obama-nomics

The Spending Monster

Some fun facts about Obama's proposed budget (courtesy of michellemalkin.com):

In 2009, federal spending will approach $4 trillion, or 28 percent of gross domestic product (GDP) – a one-third increase in the size of government in a single year. The budget released by the White House today is loaded with job-killing tax hikes and a slate of even more government spending. Overall, the blueprint projects a record $1.75 trillion deficit this year while doubling the national debt over the next ten years. Following are just 10 fast facts about the Administration’s budget, which our children and grandchildren will be paying for far into the future.

1. The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined, and under this plan, we will see three consecutive trillion dollar deficits between now and FY 2012.

2. While it was purported to cut the budget deficit in half – from $1.75 trillion in 2009 to $533 billion by 2013 – this budget projects higher deficits in 2014 ($570 billion), 2015 ($583 billion), and 2016 ($637 billion). In 2019, the final year in the budget, the deficit is projected to be $712 billion.

3. Including the recently-enacted trillion-dollar “stimulus” spending bill, discretionary spending will soar by 24 percent this year under this budget.

4. The budget projects that the national debt will increase from $8.4 trillion in 2009 to $15.4 trillion in 2019.

5. The Administration’s budget contains $1.4 trillion in tax increases – tax hikes that will impact everyone, from small businesses, charities, and seniors to everyone who owns a 401(k) and anyone who flips on a light switch.

6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.

7. This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion a health care “reserve fund.” The budget also calls for seven percent annual growth in Medicare and more than six percent annual growth in Medicaid over the next 10 years.

8. The budget includes a $750 billion placeholder for a second round of spending under the Troubled Assets Relief Program (TARP), even though the first round of TARP spending is not yet finished, nor is there a clear explanation of how funds under the initial round was spent.

9. The Administration’s budget claims that reducing the number of troops in Iraq over the next 10 years will cut the deficit by $1.6 trillion; however, that is only because the budget allocates the same amount of funds for the Iraq war each year over the next decade, even though most combat troops may be withdrawn during the next 19 months. The savings are, at best, deceptive.

10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent pay increase.

Dude, Where's My Mortgage Modification?

OBAMA = One Big Ass Mistake America.

Obama unveiled his new plan to save the housing industry. It's called the "Homeowner Affordability and Stability Plan". (I would call it the "Reward Those Who Make Poor Choices and Punish Those Who Do Pay Their Mortgages Every Month Plan). It will cost us $75 Billion (which I'm sure is lowballing it).

Did you know that under the plan, homeowners who aren't making their payments will get a special, modified loan? To reward them for making their payments on time under their new mortgage, now they'll get $1,000 taken directly off the principal of their loan every year for 5 years!!! Now wait a second, we've been in our home almost 6 years and we've never missed a payment, where's my $5,000 off the principal??? Oh, that's right, we did what we were supposed to do, so we don't qualify.

Did you know the program will allow bankruptcy judges to just come in and modify mortgages?

Did you know that banks who agree to new mortgage deals with favorable terms for these homeowners who aren't paying will get cash as an incentive?

Where is the money for this coming from? It's going to take billions to pay these banks and these deadbeat homeowners. The cash comes from us, people who do pay their mortgages. So we are financing other people's mistakes.

Obama has obviously not heard that you don't reward failure and punish success. You can read more about this Obaminable plan here.

Obama's Compensation Limits

Obama is coming unglued! He is not happy that even with a Democrat controlled House and Senate, he is having trouble getting this spend-ulus bill passed. What happened, he was so popular on the campaign trail! Why can't he just order us around now? Click here to read what he said last night.

The Obama-nation of the day: This week Obama signed a bill limiting the compensation of executives of companies who were receiving bailout money to $500,000. Sounds reasonable, right? It's unfair for those executives who have run their companies in the ground to get millions in compensation courtesy of the taxpayers, while the companies are laying off thousands.
No, it doesn't sound like a good idea to me for several reasons.

• First, this is only Obama's first step in setting salaries for all kinds of companies in all kinds of industries. Just like his first step in instituting socialized medicine is giving insurance to children (b/c who can deny the children?), his first step in "spreading the wealth around" is limiting the compensation of executives getting bailout money, because who can object to that? It's a very slippery slope. It may sound silly now, but in 20 or 30 years, will there be a government pay chart telling us exactly what nurses or business people or cable guys can make? This is the first baby step to that. Next he will tell us what ANY company who gets any type of federal money (not bailout) can pay their employees, and then it will take off from there. That's not what America is about.
• Second, to turn these companies around takes incredible business talent not possessed by just anyone. If someone with that type of talent and experience is only going to make $500,000 at one company, but millions overseas or at a company not receiving bailout $$, why work for the failing company?
• Third, some of these executives ARE doing their jobs well. In huge corporations, maybe one honcho is leading his division to record profits, even though the company is overall losing money. Why should that honcho be punished?

Party Like It's 1999!

Obama is apparently very worried about his mind-boggling spending/welfare/entitlements bill being shot down. He's not used to people not bowing down and obeying his commands! So guess what he wants his supporters to do - you will never guess - "restore confidence in our economy by helping your friends, family, and neighbors understand how the recovery plan will impact your community". Governor Tim Kaine is going to put together a video about how the plan works, and Obama supporters are supposed to "invite friends, family, and neighbors to watch the video with you at an Economic Recovery Party". This was written in an email he sent out to supporters. You can read more here.

Wow, that sounds like quite the fun party. Let's get excited about Obama blowing $1 trillion on nothing, let me get out my party hat. I hope and I pray that I am invited to an Economic Recovery Party. Oh the fun I would have. I would bring huge posterboards with the things written on it contained in the bill like "$400 million for HIV testing and $25 million for improving ATV trails" and I would ask the people there how this helps the economy and watch while their heads exploded from trying to put a coherent thought together. But it's doubtful I will be invited since I try not to spend time around liberals. And maybe Obama should realize that his brain dead supporters might have stumbled off their couches in their parents' basements long enough to vote for him but aren't going to stick around to actually see what he does. Those voters who do have a clue aren't supporting this.

Follow Up on "Stimulus" Bill

Here are a couple of afterthoughts to my recent Obama-nations.

I heard on the radio that Obama's tailpipe emissions program, under which he expects US automakers to improve their fuel efficiency in 18 months and will allow each state to pass their own tailpipe emissions standards, will add between $2000 and $10,000 to the cost of each new vehicle.
Obama's "stimulus" package, which I've heard will pass the House today, contains some real doozies:

• $572 million for the coast guard for acquisition, construction & improvements. They promise to create 1,235 new jobs. At $460,000 per job!
• $200 million for Dept of Defense to buy alternative energy vehicles.
• $200 million for plug in stations for the Dept of Defense to plug in their cars, at a cost of $3,700 per plug in station
• $25 million for improving ATV trails (hey, here's an idea - how about if people who want to drive an ATV pay a fee to use a trail? Hmmm?)
• $400 million for HIV and chlamydia testing
• $1.5 BILLION for a "carbon capturing contest"
• $75 million for smoking cessation
• $66 BILLION for the Dept. of Education - but NONE of that to private schools!!
  

How does ANY of this stimulate the economy? Sure, a few select groups can hire a few people but here's a simple idea - how about, for fiscal year 2009, there's massive tax cut to businesses. Or a moratorium on capital gains taxes? Talk about a jump start to the economy! But no, instead lets spend $400 million so people can get tested for AIDS.

Obama will Tank the Auto Industry

What's a great way to really hurt America's struggling auto industry, and therefore kick the economy down even further? How about forcing our car industry to meet new tough fuel efficiency standards in 18 months?
That's exactly what Obama did yesterday. Obama also signed a bill allowing states to make their own tailpipe emissions standards, which can be even tougher than federal standards. California is about to go completely broke, but is apparently extremely concerned right now not about its budget, but about tailpipe emissions. How will the auto industry be able to function if there are 50 different tailpipe emissions standards they have to be responsible for meeting? Way to kick them when they're down Obama!! Way to make cars more expensive for all of us Obama!! Do you think the price of cars will stay the same for everyone?
Do you know why he says he is doing this? Out of concern for man-made global warming. Well guess what, scientists don't even agree that the Earth is getting hotter. For those who think it is getting hotter, they can't agree that it is a man-made problem. So Obama is going to run the U.S. auto industry out of business to solve a problem that doesn't even exist.

Obama's "Stimulus" Plan

The news today is just Obam-inable. His "stimulus" package is now at $850 Billion dollars and is 334 pages long. And it is just a freaking joke.

Thomas Bartholt, head of the Joint Committee on Taxation, testified Thursday that he couldn't promise that ONE SINGLE JOB would result from this proposal by Democrats. Here's an idea: give me $850 billion dollars, and I PROMISE that I can create at least one job. Maybe even 2 or 3. I think a human with the brain cells of an earthworm could manage to create at least one job with $850 billion.

But guess what, this "stimulus package" isn't really about stimulating the economy at all, it's about blowing money on pet projects. The "stimulus" package includes $1 Billion for new Censuses, $400 million for “habitat restoration and migration activities,” $150 million for “bridge removal,” $800 million for Amtrak, and $200 million for the “leaking underground storage tank trust fund”.

According to redstate.com, the "stimulus package" includes more than 4 times as much funding for grass planting on the Washington Mall as there is small business tax relief. Who exactly decided that planting grass on the Washington Mall was better for the economy than small business tax relief???????

According to michellemalkin.com, even more incredibly, groups that commit voter fraud like ACORN are eligible to receive up to a $4.19 billion pot of money for "neighborhood stabilization activities". Also, Nancy Pelosi wants to add birth control funding to the "stimulus package". Birth control does not stimulate the economy, Nancy!

This is not a stimulus package!! This is borrowing/printing massive amounts of new money to throw around to various special interest groups.

If Darrell and I ran our household budget like congress (borrowed tons of money we didn't have and ran out to every possible store we could find to buy crazy things like iguanas and gold plated toilet seats), we would be living in a homeless shelter by now. Very very sad.

Obama's Inauguration Cost

Did you know Obama's inauguration is expected to cost between $95 and $150 million (depending on who you ask)? Part of that is paid for by private donations, but we the taxpayers are picking up a large chunk of the tab. In fact, Bush has had to declare an economic emergency to pay for it. Isn't there something wrong with having a hugely expensive party when the nation is in a severe economic mess?

Did you know that for Bush's inauguration in 2005, which cost $40 million, the Associated Press (on 1/13/05) made a list of all the things that money could be spent on instead and asked "do we need to spend this money on what seems so extravagant?" On 1/13/09, the AP ran a report stating: "So you're attending an inaugural ball saluting the historic election of Barack Obama in the worst economic climate in three generations. Can you get away with glitzing it up and still be appropriate, not to mention comfortable and financially viable? To quote the man of the hour: Yes, you can. Veteran ballgoers say you should. And fashionistas insist that you must. This is a time to celebrate. This is a great moment." (courtesy of Rush Limbaugh)

So it's ok to throw an over the top inaugural bash during horrible economic times for Obama, but to throw a bash that's one-third as expensive in a booming economy for Bush is a waste of $$? Give me a break.

No More Debt Obama!

Obama wants to spend his way out of a recession. His plan "might reach $1 trillion over two years". One TRILLION dollars we are most likely borrowing from China? Why does he think borrowing our way out of economic trouble is the answer? What about those checks sent to everyone earlier this year? Did they do one iota of good for the economy? Where are all the fiscal conservatives?

Click here to read more.

Thanks a lot Barack

You know how Obama is constantly blaming Bush and the republicans for the economy? And for some reason the polls always favored Obama when the economy mess hit the fan? The mess was caused by too many bad home loans given to people who shouldn't have qualified for them. The republicans tried to sound the warning bell but the dems didn't listen (even Saturday Night Live admitted this in a hilarious skit - click here to watch).

Did you know Obama's name appears on a lawsuit on behalf of ACORN, which sued Citibank for failing to make loans to minorities? Why do you think Citibank wouldn't make loans to said minorities? Is it because they wouldn't qualify for a loan? Do you think these practices are what led to the mess?

Click here to see Obama's name on lawsuit.

Make Up Your Mind, Obama

During the campaign, all we heard from Obama was that people making over $250K (and later, $150K) a year were going to get their taxes raised. They needed to "do their patriotic duty." They didn't need the money anyway, and the tax hikes were only going to affect the wealthiest people in this country. Obama wanted to "spread the wealth around". He was tired of the Bush administration giving the wealthy tax breaks and hoping the effect would trickle down to everyone else. Click here to watch an example. Obama thought it would be better for the government to determine who gets what rather than the person who earned it. Obama thought it would be best to take money out of the hands of the job-creators and give it to the government which screws up everything it gets its hands on (except the military). The government was allegedly going to use that money to give to the non-wealthy and for new government projects.

Well guess what, now since the economy's tanking, he's thinking maybe it's not such a good idea to increase taxes on the rich - click here.

So what's the deal Obama? Are you now admitting that the best way to grow the economy is not to take money from the producers? Does that mean you were lying during the campaign or pandering to your brain-dead followers to get votes? Which one is it Mr. Obama, does the economy grow or not if you let the wealthy keep their money and spend it as they please? And if it helps the economy to let people keep what they earn, why wouldn't that have been your plan from the beginning?

Although I admit I am pleased he is rethinking his tax policy, I still think he's Obam-inable!