Tag Archives: Obamanomics

Hurricane Obamanomics

Obama & Geithner Should Resign Immediately; U.S. Credit Rating Downgraded for the First Time Since 1917!

The United States lost its top-notch AAA credit rating from Standard & Poor this evening. Obama is the first President in U.S. history to have this country’s credit rating reduced on his watch! This is a shameful accomplishment from a shamefully incompetent, irresponsible administration.

When pResident Obama signed the August 2nd legislation designed to reduce the fiscal deficit crisis by $2.1 trillion over 10 years, it was akin to kicking the can down the street once again. S&P was very clear. The U.S. needed to cut its spending by $4 trillion. It didn’t happen by August 2nd the Obama/Geithner drop dead date.

Obama’s economic policies have been little more than “spend and pretend“; pretend that wasting all that money on non existent shovel ready projects didn’t matter and pretend that losing all those building and construction jobs, NASA jobs, drilling jobs in Gulf, and manufacturing jobs across the country were of little consequence.

How much more economic damage can this country stand as the result of our Poseur President’s policies?  Team Obama’s Progressive chickens have come home to roost. Is anyone really surprised at this unprecedented reversal of fortune?

Think about it. We made it through two World Wars, the Great Depression, Korea, Vietnam, President Jimmy Carter, all without suffering the indignity of a credit downgrade. We made it through all of these events, but not through the Obama/Geithner “Progressive” Keynesian economic policies!

Our debt is now 100% of our GDP! We are facing mountains of debt. The economy is stalled, businesses large and small are not hiring, banks aren’t lending and consumers aren’t buying. Food and gas prices are going up, and 14,000,000 people are without jobs!  Our economy is so bad even the Mexicans are going home. That would be a funny quip if it weren’t so sad!  Apple Computer has more cash on hand than the U.S. Treasury!!!

Businesses are being strangled by over-regulation by EPA, Commerce Department, & Obama’s shadow governing Czars.  And looming on the horizon is that monstrosity known as Obamacare!  The wonder is that Standard and Poor didn’t downgrade our credit rating even more!

Hurricane ObamanomicsGeithner and Obama need to tender their resignations to the country immediately.

Neither is worthy of office or our trust.

 

 

 

The White House is biting the bullet & cutting back!

The following was forwarded to me in an e-mail by a friend.
The White House is biting the bullet – cutting expenses.
Please consider the numbers:

 

The President ordered the cabinet to cut $100 million from the $3.5 trillion federal budget.

I’m so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2000 a month on groceries, household expenses, medicine, utilities, etc, but it’s time to get out the budget cutting axe, go through my expenses, and cut back.

I’m going to cut my spending at exactly the same ratio, 1/35,000 of my total Budget. After doing the math, it looks like instead of spending $2000 a month; I’m going to have to cut that number by… six cents. Yes, I’m going to have to get by with $1999.94, but that’s what sacrifice is all about. I’ll just have to do without some things, that are, frankly, luxuries.

John Q. Taxpayer

After reading the memo from John Q. this I did a little investigation of my own and found that, indeed, the White House has cut in these two areas here

As President Obama and Congressional leaders were inside the White House today trying to agree on ways to cut the federal budget, some serious trimming was going on just outside.

A more than 50-foot-tall American elm tree that since 1982 had graced the driveway leading from the Northwest Gate to the White House was cut down. Twisted during an intense storm that blew through the area Sunday night, it was a danger to anyone passing by, said National Park Service spokesman Bill Line.

Oh, and let’s not forget his budget cuts here.

As part of the Obama administration’s campaign to promote transparency, the White House announced today it intends to eliminate the public’s access to half of the federal government’s websites within the next year.

MSNBC & CNN CONTINUE DRIVING VIEWERS AWAY – REFINE THE ART OF NEWSLESS NEWS

The question is why would anyone go to CNN or MSNBC for news anymore?  Anyone not know what the talking heads are going to say before they’ve opened their mouths?

The biggest story right now is the uprising of middle America along with all points north, south, east and west over Obamacare.  There is genuine rage over the shabby way Obama and the Democratically  (laughable term don’t you think?) controlled Congress has tried to ram rod this piece of junk legislation through.

And while thousands of voters across the country have jammed themselves into Town Hall meetings to hear their elected officials try to justify a massive overhaul of our current health care system (however imperfect) what was MSNBC reporting on?  Governor Stanford (wasn’t that over three weeks ago?), water boarding, birthers, and all the purported racists (53% of the country?) that are against “reform” because Obama is “black”… ya right!

In case you missed this, MSNBC and CNN have done such a good job of driving viewers away this year that one wonders how many left leaning radicals are left that have time to put their wine glasses down to turn on the day’s latest propagana.

This is from Media Bistro:

July Ratings: Fox News Beats MSNBC & CNN Combined in Total Day and Prime

Fox News Channel continued its cable news dominance in July not only beating CNN and MSNBC combined, but showing the most growth in the younger demo. In A25-54 viewers, FNC is up 48% in total day, and up 70% in primetime, compared to July ’08.

FNC had 9 of the top 10 shows in cable news in Total Viewers and ranks as the third most-watched basic cable channel behind USA and TNT.

Cable news’ #1 show for 104 consecutive months, “The O’Reilly Factor”, is up 37% over July ’08. “Glenn Beck Program” is up the most, up 120% over last year’s 5pmET show. “On the Record with Greta Van Susteren” is up 60% and “Hannity” is up 41%.

More info on FNC’s July, after the jump…

– FNC’s audience expanded in all categories during July 2009, besting CNN and MSNBC combined in viewership (for both Total Day and Prime) according to Nielsen Media Research.

In the key 25-54 demographic, FNC posted the largest gains among all cable news networks in both Total Day and Prime Time  increasing an extraordinary 48% and 70% respectively when compared to July 2008.

– Among basic cable networks, FNC ranked third for the month in prime time viewership behind only USA Network and TNT, with CNN and MSNBC lagging behind at 15th and 26th, respectively, while continuing to battle each other for third place in cable news.

– FNC also secured nine out of the top 10 rated programs in cable news for the month based on total viewership. The O’Reilly Factor marked #1 for 104 consecutive months in July and led all programs with 3,075,000 viewers, ending the month up 37% over July 2008. Hannity was second, up 41%. Other notables include: On the Record with Greta Van Susteren (up 60%); Glenn Beck (up 120%); The FOX Report with Shepard Smith (up 36%)

– In the key 25-54 demographic, FNC expanded upon an already dominant lead in Prime Time averaging 530,000 viewers surging 70% compared with CNN’s 377,000 (up 40%) and MSNBC’s 252,000 (flat). In total day, FNC averaged 301,000 (up 48%) compared to CNN 231,000 (up 39%) and MSNBC’s 143,000 (down 7%). Meanwhile, CNN’s latest failure in Prime Time, Campbell Brown, finished in fourth place (boo hoo can you say Paula Zahn?) in 25-54 behind FNC, HLN and MSNBC at 8:00pm ET.

I’d say I can’t wait for both networks to go bankrupt, but I’m afraid they might go to Obama Administration and ask for bail out money!  You know how that goes … their are too big to fail!

OBAMA MOTORS RUNNING AMERIKA’S ECONOMY LIKE A BANANNA REPUBLIC

Reading about the Obama administration’s handling of the economy this morning, my emotions ran from outrage to outright laughter.  Let’s go to the outrage first.

Anyone that’s in business will understand the following query.  I questioned why Chrysler/Obama Motors decided on closing dealerships that are profitable and cost Chrysler nothing.

In the first place, in addition to jobs for economy, a dealership provides an opportunity for market share.  In the second place, since the dealerships buy the cars from Chrysler, the dealers are really customers . . .  cash paying customers. These are entrepreneurs that lay it on the line by risking their own money.  If the cars these dealers buy from Chrysler don’t sell, the dealers loose, not Chrysler.

Hello . . .  who turns away paying customers?  The answer is  . . . Obama Motors . . . the new government auto maker, populated with persons incapable of running a lemonade stand profitably.  Why?

Well it appears the 789 dealerships being closed had (with few exceptions) one thing in common.  These dealers contributed heavily to the Republican Party.  Opps, my bad, Obamanomics doesn’t allow for differing opinions, ideas, or support for competing political  parties.

Numerous sources that include  Investor’s Business Daily and World Net Daily are reporting:

“Many of the closed dealers were also major donors to Republican candidates and political action committees, a review of campaign finance data from the Federal Election Commission shows,” Kenneth Timmerman wrote at NewsMax.com.

“How do we account for the fact millions of dollars were contributed to GOP candidates by Chrysler who are being closed by the government, but only one has been found so far that is being closed that contributed to the Obama campaign in 2008?” asked Examiner.com editorial page editor Mark Tapscott.

“The initial pass at the list of shuttered dealers showed they had donated, in the aggregate, millions to Republican candidates and PACs and a total of $200 to Barack Obama,”

OK, now for a good laugh this morning.  Hat tip to The Black Sphere.  This is a video worthy of The Onion. Enjoy!