Sen. Harry Reid says the private sector is doing just fine and the focus should be on creating government jobs.

“It’s very clear that private-sector jobs have been doing just fine; it’s the public-sector jobs where we’ve lost huge numbers, and that’s what this legislation is all about,” Reid said on the Senate floor.

What can you really say to that? His stupidity speaks for itself.

(H/T The Hill)

This dude gets it. Period. The best part is when he keeps antagonizing that liberal academic next to him. He scribbles notes refuting her testimony and passing them to her. LOL!

(H/T Conurls)

Source: CBS
The President’s jobs and growth package now could top $400 billion. Advisors claim the plan will have bipartisan appeal and will be paid for with additional deficit reduction. Norah O’Donnell reports on what the president has up his sleeve.

Any hope (of which I had none) that President Obama would change course on the economy and knock it off with the Social Justice job killing crap died today. With the departure of the administration’s chief economist, Austin Goolsbee, the president could have changed course. He could have appointed a supply-side free market economist to get the economy moving again. Hell, with the election right around the corner what better time to stick rigid left wing idealogy on the shelf, right?

Apparently, not so much.

Barack Obama has chosen to nominate left wing Princeton academic Alan Krueger. The man who oversaw the infamous “Cash For Clunkers” program.

Visit msnbc.com for breaking news, world news, and news about the economy

I don’t understand what Maxine Waters is talking about. I know she’s without a doubt one of the most radical, racist, and extreme left wingers in the entire Congress. Therefore, whatever she’s talking about can’t be good. I also don’t get what blacks expect Obama to do. When the economy is bad for the entire country it’s always a little worse in poor urban communities. The president is a jobs killer. He’s not creating jobs for anyone so I don’t know what they expect him to do for the black community. We can’t afford to give more free handouts (although the CBC would be love to do it).

Secondly, I think this threat of blacks staying home on election day is a total bluff. I don’t buy a word of it. It’s simply a reflex for the vast majority of blacks to vote for Obama. I literally don’t know a single black person who didn’t vote for Obama. But if the black community was really serious about improving their conditions they’d stop electing left wingers at the local level. But that’s an entirely different discussion.

From WSJ:

A cornerstone of the global financial system was shaken Friday when officials at ratings firm Standard & Poor’s said U.S. Treasury debt no longer deserved to be considered among the safest investments in the world.

S&P removed for the first time the triple-A rating the U.S. has held for 70 years, saying the budget deal recently brokered in Washington didn’t do enough to address the gloomy outlook for America’s finances. It downgraded long-term U.S. debt to AA+, a score that ranks below more than a dozen governments’, including Liechtenstein’s, and on par with Belgium’s and New Zealand’s. S&P also put the new grade on “negative outlook,” meaning the U.S. has little chance of regaining the top rating in the near term.

…A key concern will be whether the appetite for U.S. debt might change among foreign investors, in particular China, the world’s largest foreign holder of U.S. Treasurys. In 1945, foreigners owned just 1% of U.S. Treasurys; today they own a record high 46%, according to research done by Bank of America Merrill Lynch.

The downgrade from S&P has been brewing for months. S&P’s sovereign debt team, led by company veteran David T. Beers, had grown increasingly skeptical that Washington policy makers would make significant progress in reducing the deficit, given the tortured talks over raising the debt ceiling. In recent warnings, the company said Washington should strive to reduce the deficit by $4 trillion over 10 years, suggesting anything less would be insufficient.

And far left loons like Paul Krugman continue to argue that America should spend even more money.

Here’s left wing loon Al Franken making an ass out of himself on the Senate floor.

(H/T The Blaze)

From Politico:

Rep. Steve King (R-Iowa) said Monday that President Barack Obama “would be impeached” if the nation falls into default.

“STOP talking about default,” he wrote on Twitter. “The 1st dime of each $1 of revenue services debt. Obama would be impeached if he blocked debt payments. C C & B!”

I agree with King, but there’s about zero percent chance of Obama allowing a default. The president is all hat and no cattle.

Source: Associated Press
House Republicans are blaming President Barack Obama and other Democrat leaders for the congressional impasse over raising the national debt limit, while urging them to pass a balanced budget amendment to the Constitution.