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Showing posts with label failed economy. Show all posts
Showing posts with label failed economy. Show all posts

Sunday, December 16, 2012

Impending Tax Changes in 2013

Everybody's taxes are going up, even though the grand Poobah himself, Obama, declared that raising taxes during a poor economy (indeed a recession) is a bad idea. We are on the verge of virtually everything going up,...taxes, food, fuel, housing, interest rates,....everything.

The great descent, indeed a free fall, over the Fiscal Cliff is no myth. Just wait and see. If Congress and this President do nothing before 31 December, on 1 January 2013 you will see the changes outlined in the chart below, courtesy of Bankrate.com and also viewable on the Yahoo Finance article here.


Sunday, October 7, 2012

This Week's Political Rollup

Presidential Debate. All the cockroaches certainly came out of woodwork after Romney smashed Obama Wednesday night at the first Presidential Debate. DNC Communications Chief Brad Woodhouse said that "Romney was lying". Al Gore, a failed human being, attributed Obama "not being on a his A game" because of the altitude (less oxygen) of Denver - the debate site.  The Democrats cannot debate on the facts, nor Obama's record.  They rely soley on attack politics to take the voters focus away from the facts.  

Obama's Failed Economy. Califonia gas prices all time high. The price of gasoline hit an all time high in California of $4.61 a gallon Saturday, fueled by a reduced supply and a volatile market. There are reports of gas as high at $5.80 in many California locations.

Obama say's one thing but his policies, restrictions and his regulatory happy Adminstration is doing something else all together, and that is mortgaging our national security and lowering our standard of living by refusing to leverage our national energy assets...instead relying on importing our energy needs. Instead he throws billions of dollars, $90 billion in fact, into failed alternative energy sources owned by his campaign contributors. And we now pay twice as much for gasoline as we did when he took office.

Unemployment. The Obama Administration comes out with new unemployment numbers, just three days after his debacle on stage at the Presidential debates and 30 days before the General Election. Wow, talk about good timing. He say's the unemployment rate has dropped from 8.1% to 7.8% and of course if using this figure as "proof" that his economic principles are working. Really?

There are less people working today desite the new 7.8% unemployment rate than the lowest number of workers during the 8 year Bush Administration, why is that if Obama's policies are working?

Most economists were expecting a slight rise in the unemployment rate, so the number has raised suspicions that the White House might be cooking the books ahead of the election next month. Then we find out that actual public sector lost over 5,000 jobs and the "rise" in jobs was due to a projection of additional government jobs,.....yes, a projection.

And then Breitbart.com reports that while only 114,000 jobs were created in September--which would have translated into a rise in unemployment from 8.1% to 8.2%--the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly three decades and one reason was the rise was an upward revision of 86,000 to the July and August jobs numbers--all of which came from a 91,000 increase in the estimate of public sector jobs.

Of course, the Obama Adminstration is not including the 2.5 million people who have stopped looking for work - because there is none to be found; the 12 million who are under employed working for wages far below their education and experience level and the 8.8 million who can only find part time work.

Shame on you Obama - you promised you would be a one term President if you didn't make things better - now you have made them worse. Keep you promise and leave office.

Libyan Consulate attacks. In yet another example that Obama has taken the reputation of the U.S. to an all time low, and after trying to convince the American people that the Libyan Consulate attack was caused by a spontaneous demonstration gone violent rather than a planned, well armed terrorist attack on the anniversary of 9-11, not to mention a follow-on investigations that didn't get started for three weeks allowing Libyans and even news groups to ravage the site and scoop up classfified information,.....now e-mail's and employee reports are coming to light about the Libyan Consulate's repeated requests for additional security which was denied by Hillary's State Dept and the Obama Administration.

In fact there was a Special Forces team in Libya providing security and assessing the threat. They were removed before the 9-11 anniversary and after their repeated requests for additional security measures, which were not fulfilled.

Coming on the heels of Obama's foreign policy blunder of a giant magnitude when he received Muslim Brotherhood members to the White House and refused to meet with Israeli Prime Minister Netanyahu, one cannot come to any other conclusion that we do indeed have an amateur in the White House. Let's send him back to Chicago.

Friday, September 28, 2012

Latest Obama Ad and Reactions

President Barack Obama is pitching a broad economic argument to voters ahead of next week's debate with Republican opponent Mitt Romney, buying TV time in seven battleground states to promote what he calls a "new economic patriotism."

In a two-minute ad, Obama looks into the camera as he promotes an economic plan he says will create 1 million manufacturing jobs, cut oil imports and hire thousands of new teachers. Notably, Obama does not mention his record like any other incumbent. He does not mention anything he has accomplished, because he has accomplished nothing positive. He blames Bush when he (Obama) not only had control, but over whelming control, of Congress for two years.

Obama say's he will create 1 million manufacturing jobs, but he has not met with his jobs council for what? over 9 months? One of his biggest donor's and primary jobs counselor, Jeffrey Immelt of GE, is moving jobs to China.

Obama say's he will cut oil imports,....maybe he will, maybe he won't, but it won't be because of drilling here in this country. Drilling on Federal land is down signficantly. Obama's is for more drilling but only when it supports other countries drilling with our money. So we pay for their drilling then pay again for oil imports. What a deal!  And gas prices twice as high as they were when Obama took office. 

Obama wants to hire more teachers. Of course he does but only if they are union teachers and in states that require Union dues to be paid. Obama does not support the Right To Work because it takes away from manditory dues to the unions which support him through campaign contributions.

This is what people on the internet are saying about Obama's latest ad:

"Frank Marshall Obama wants more time to make sure more people lose jobs and homes. Tell those clowns to keep those Marxist "FORWARD" signs they may need them to build a shelter." ~1000ja1000

"What the hell is idiot Obama talking about? He said if he could not fix things he would not seek a second term. We know this dick head is a liar but there is thousands of videos with this fool saying that. I just wonder where they find these dumb asses to show up for this fraud???" ~TheCafeVid

"We must rally around the Impeachment of Marxist Nut Frank Marshall Davis Obama." MaxOneMedia

"He says he promised to 'hear my voice', well, clearly he didn't hear my voice when he rammed through Obamacare. He didn't hear the voice of the majority of Americans, who opposed his health care plan. He rules like a king, and he doesn't give a hoot what the people think except on election day. If he's elected again, watch out. He'll be even worse in his second term. So I'll do the patriotic thing and vote for Romney in 2012. We need a change." ~ourmissboo

"First Obama has no idea what Patriotism is. Second; When he talks about hard work, he is not including millions of free loaders on welfare, He is talking to taxpayers because he is going to raise your taxes. Obama is so far from being an American, it is so clear and plain to see. He is a free loader himself. Never had a job. Do not be stupid to vote for this man. He does not care about you or your family." ~Walhei960