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Transparency: White House Putting Off Release Of Budget Update
This from the AP:
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today’s bleak landscape.
The administration’s annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama’s budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.
The release of the update – usually scheduled for mid-July – has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.
Putting off the release so you can keep lying to the American people about the numbers, now that’s change I can believe in.
Video: Obama Vs. Obama On Stimulus Bill
Video: Venting Over The Obama Economy
This is how many Americans feel about what Obama and the Democrats are doing to our country. This is how we feel about $787 billion dollar “stimulus” packages that are nothing but bullshit pork.
This is how we feel about destroying the economy with “Cap and Trade” tax plans to combat something that isn’t even real.
This is how we feel about broke-ass California issuing IOU’s while at the same time paying $4 million to put the corpse of a pedophile singer on display.
(hat tip Drudge)
Video: The Economy Then And Now
Here’s how the media treated a recovering and then soaring economy under Bush and how they’re treating the economy under Obama.
(hat tip Gateway Pundit)
Chutzpah: Obama Warns Current Deficit Spending Is “Unsustainable”
You really have to admire the chutzpah that president Obama displays time and again when talking about fiscal matters.
He said the following during a town hall meeting in New Mexico:
“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”
Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”
What he neglects to mention as usual is that he is the reason we keep borrowing from China and mortgaging our children’s future.
Obama loves to talk about the deficits he inherited, but his only solution to Bush’s out-of-control spending and record deficits has been even more spending and ever larger deficits.
Obama’s spending in his first 100 days in office dwarfs all of Bush’s spending for his entire two terms.
So maybe the president should take some of his own advice.
Video: Proof Democrats Blocked Bush Administration Attempts To Prevent Mortgage Crisis
Here’s proof that the Bush administration way back in 2003 was sounding the alarm about the mortgage industry. Repeated attempts to pass new legislation aimed at getting a handle on Fannie and Freddie before they imploded were blocked by Democrats. Not only did Barney Frank and the dems block any new regulations, they were angry at republicans for even suggesting a problem existed.
So the “mess” that democrats are so fond of saying they “inherited” is a mess of their own making. Barney Frank, Chris Dodd, and the rest of those lying pricks should be impeached. The corrupt media will of course never admit any of this.
(hat tip @ronlisy)
Gasoline Prices – Countdown To Rip-Off
Calendars have all the official seasons and days conveniently pre-printed. No calendar has, or even attempts, to have them all. For instance, you have to write in your boss’s day off.
Only very special calendars have “driving season” indicated. It’s our oil producer’s favorite holiday- and it’s on the way. The clock is already ticking.
For them, “the driving season” is a cherished ritual. Are you ready?
Last year they ran the price up above one hundred and forty dollars a barrel. That was a new record. Although they run this scam every summer, 2008 exceeded their wildest hopes. Prior to our “sky is falling” episode last September, it was the number one topic; some even had the temerity to suggest that it could cause a recession. Imagine!
Now that we have a real recession, will they have the nerve to run the racket again, even though demand is clearly down? Despite the obvious oil glut, will interests still find a way to jack us up again?
Well, that’s not really a serious question, is it? They’re certainly going to try. These are very bright boys and girls; and they’ve got the eggs. Who knows, maybe this year they will convince us that higher prices are good for us! Perhaps an “oil rescue” plan?
While it’s less than a year since oil prices had us by the short hairs, very little notice has been taken by official punditry of the fact that the price of a barrel has increased from around thirty five dollars to fifty dollars in the last several weeks. While all the media hasten to remind us of how much better off we are than last year, independent thinkers must wonder what market forces are at work to raise prices in the face of declining demand.
OPEC is ready. As with other producers, they have begun to manipulate supply. Hugo Chavez is hopeful; and Amadinejad is wearing a hole though his prayer rug. In the various financial towers that grace this great land, the “Wall Street” types are at it again with schemes of buying and storing oil until this artificial withdrawal causes the price to rise. Already, so much oil has been diverted that the planet is running out of places and tankers to stash the stuff. They’re all puffing as hard as they can to inflate the “summer bubble”.
We can predict with confidence that, once again, in broad daylight, the theft of trillions of dollars will be attempted this year. Must we also expect the canned banal response from both the mainstream media and the blogosphere that we usually get? That is, the dreary after-the-fact and impotent post-mortems?
In a way, it does take your breath away. You have to admire the spectacular nerve it’s going to take this year, in the face of the suffering caused by the crash, to squeeze us again.
Maybe, like good little chumps, we should just sit back, relax, and have a good time? You’ve probably heard that old joke? Don’t drop the soap at the pump? We’re such good people. Maybe we could make a game of it, or a lottery?
The average “Joes” from “Main Street” could try to guess how high the price will go this year. Two seventy-five? Three dollars? Three seventy five? Four forty? Five sixty eight? Good clean fun; a diversion, a game to keep our minds off our emptying pockets. Something like an election.
Yet, it doesn’t have to be that way again. This is the perfect opportunity for an independent-minded alternative press to earn the respect and gratitude of the public. For, this is the ideal issue: Everyone will benefit from the effort. Democrats and Republicans, Conservatives and Liberals, every color, every religion, every creed, and every individual will stand up and applaud if somebody finally comes to the rescue.
Will this be the year that we stop them before they get over? Dead in their tracks- the first ever populist pre-emptive strike? Like a war that doesn’t start, sometimes the best story is the story that doesn’t happen.
This year, we can either spend the summer wringing our hands and protesting the hardships at the pump, or we can be the story, and stop this crime before it occurs.
There has to come a time when our efforts show effect.
The time is now.
-Richard Hirschhorn
Video: Behold The 2012 Pelosi GTxi SS/RT Sport Edition Car
The future of the American auto industry now that the global warming nuts have their claws in it…
(hat tip IowaHawk)
Video: Mark Levin Talks About Tim Geithner On Cavuto
Video: British PM Gets Shredded During EU Meeting
If only someone would tell this exact thing to Barack Obama:
House Democrats Propose New Porky $410 Billion Dollar Spending Bill
Everything that was cut from the egregious $787 billion dollar porkulus bill last week was shoved into a brand new spending bill proposed today by house democrats. Nancy Pelosi proposed a new $410 billion dollar bill today allegedly to keep the government running until the end of the fiscal year. Of course, it’s really just $410 billion in pork that didn’t make into the stimulus bill. According to the AP, the bill contains “thousands of earmarks” which have yet to be totaled. Here we go again.
Rove: Don’t Blame Bush For The Housing Mess
“The Architect” Karl Rove lays out the ugly truth about the housing crisis and how it came to be in his latest column for the WSJ. Don’t buy into the left-wing narrative that “Bush economic policies” are to blame for our lot in life.
To the contrary, it was Bush and the republicans who spent years trying to push through legislation that would have brought Fannie and Freddie under control. Unfortunately, the legislation was always blocked courtesy of the democrats led by Barney Frank and Chris Dodd.
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