Let It Bleed – The American Economy, Obama, The Debt Deal Scam, And The Panic That Never Came

In the end all Barack Obama and his corrupt party of Obama Dimocrats had left was fear. Barack Obama wanted a market panic and crash:

“I just got off the phone with a source on Capitol Hill who has spent the past few days trying to convince Republicans to vote for a debt ceiling hike.

He told me that the biggest obstacle he faces has been “market complacency.”

“Frankly, a bit of panic would be very helpful right now,” he said.

As he explained it, lots of people in Washington, D.C. expected that this would be a week marked by panic in the markets. Stocks would tank. Bonds would get clobbered. The dollar would do something dramatic. And all of this would help convince reluctant lawmakers that they had to reach a compromise on the debt ceiling.

“We were following the script from 2008. When the market collapsed after TARP failed, that spooked everyone enough to get them to fall in line. We thought the same thing would happen this week,” he said.

Instead, the market has just been on a quiet, non-panicked slide.

Stocks have sold off by a couple of percentage points, but nothing that indicates a real fear trade in the works.

Everyone in D.C. has a theory about this. Some believe the market is sending a message that a deal will get done. Others think the market doesn’t understand politics. [snip]

“Every day we wake up and think that stocks will send a shock up to Capitol Hill. And every day nothing happens,” the source said.

He’s still holding out hope for a panic sell-off at the end of the day.

“It’s the only thing that’s going to bring everyone together on this,” he said.”

The markets and the money men did not bail out Barack Obama. They already had received their trillions and Moved-On. No bailout for the boob.

[Obama’s new New Deal may be read in this PDF file.]

Today, after last week’s non-panic, the markets and the money men were expected to bail out the boob with a massive vote of confidence in the form of a stock market rally in the United States. But the money men abandoned little Barack in the same way his sperm donor father kept the stork and dumped the trash can baby:

“The blue-chip index tumbled almost 200 points from its session high this morning and is trading lower for the seventh-straight session.

The S&P 500 and the tech-heavy Nasdaq also declined. The S&P dipped below its 200-day moving average of 1284.34. The index has not closed below its 200-day moving average since September 10. The S&P is now down nearly 4.5 percent over the past 6 days. [snip]

“Unbeknownst to what many of our trusted lawmakers may like to believe, the poor readings on the economy are not exclusive to the debt drama,” Todd Schoenberger, managing director of LandColt Trading told CNBC. “If they woke up this morning thinking trading would be a cakewalk and investors would parade Congress on their shoulders as a result of this so-called deal, they are clearly mistaken.”

The dismal news follows the government’s first reading on GDP last Friday, which came in at an anemic 1.3 percent, raising fears of a double-dip ahead.

Schoenberger added that traders are preparing for a “horrendous” non-farm payroll report at the end of the week and are struggling to find hopeful signs that the economy is recovering.”

Donald Trump explained:

“When I say incompetent, he’s competent in getting elected and re-elected, but as far as running the country, he’s incompetent,” Trump said.”

Trump, partly echoing our assessment from years ago, is being generous. Obama is only interested in his own advancement – the country can bleed to death.

As Trump continues to state the obvious, we recall a certain Rules and Bylaws Committee meeting. At that meeting Congressman John Conyers strutted through the halls, cane in hand like a latter day Charlie Chaplin clown, and helped rob Hillary Clinton of delegates and gift Barack Obama the nomination. Now Conyers is a born again racist (by definition anyone who speaks ill of Obama is a racist).

Conyers states what we argued when Republicans are called “evil” and the usual red flags are waved:

“Everybody is criticizing Republicans, but guess what. Every Republican who is in the Congress was legitimately elected like all of us. That was a choice that voters made. Now whether they made it wisely or still stick to it remains to be seen. I say we’ve got to educate the American people at the same time we educate the President of the United States. Because, the Republicans, Speaker Boehner or Majority Leader Eric Cantor did not call for Social Security cuts in the budget deal. The President of the United States called for that.”



Hillary Clinton’s 3:00 a.m. ad was right and Obama was and is too inexperienced to be anything but a circus clown. Conyers has called for demonstrations at the White House but thus far only a disruption at the House of Representatives has taken place. Racist Congressman Emanuel Cleaver (by definition anyone who speaks ill of Obama is a racist) cleaned up a scatological reference to attack Obama’s new New Deal:

“This deal is a sugar-coated satan sandwich. If you lift the bun you will not like what you see.”



More racists (by definition anyone who speaks ill of Obama is a racist) came out of the left closet to join Cleaver:

“If I were a Republican, this is a night to party,” Rep. Emanuel Cleaver, a Missouri Democrat who chairs the Congressional Black Caucus, told MSNBC Sunday night.

If Obama thought he had problems with liberals before this, he’ll have even more now, no matter how hard the White House spins it as a “victory for bipartisan compromise, for the economy and for the American people,” as the administration’s official talking points claimed.

Obama himself, appearing Sunday night in the White House briefing room, seemed more disgusted than delighted. [snip]

An angry Rep. Raul Grijalva (D-Ariz.), co-chairman of the Congressional Progressive Caucus, said, “This deal trades people’s livelihoods for the votes of a few unappeasable right-wing radicals, and I will not support it,” lamenting what it said about the state of the party under Obama’s stewardship.

The Democratic Party, no less than the Republican Party, is at a very serious crossroads at this moment. . This deal weakens the Democratic Party as badly as it weakens the country,” he added. “We have given much and received nothing in return. The lesson today is that Republicans can hold their breath long enough to get what they want.”

MoveOn.org came out in opposition, and the Progressive Change Campaign Committee said 200,000 Obama 2008 supporters might withhold their support this time in protest.”

Big Media came out of the closet (again) today as angry Norah O’Donnell in one quick sentence proved herself to be an Obama Hopium eater and an Obama opposing racist as well:

“CBS’ White House correspondent Norah O’Donnell: “You gave them everything they wanted and we got nothing!”



Racists, the whole bunch. How dare they insult the Mess-iah. How dare they speak ill of a black man. Racists, racists, racists – that is what they are by their own definition.

What is funny about these racists is how ineffective they are. Nancy Pelousy, who attacked Hillary in 2008 and enabled Obama then and now will vote for the Satan sandwich. All the threats they make tickle the funny bone. These racist clowns scare no one. They are just like Obama, their god. They are just as ineffective and not feared. And what is worse, they pretend that Obama is not doing what he wanted to do all along.

These racists are so incompetent, just like their Mess-iah Obama when he issued his “bluff” that they too give away the game in very explicit terms:

“But senior Democratic aides say their bosses have little option but to support the deal given Tuesday’s doomsday deadline, even if it adds to their bitterness over previous deals on the extension of Bush-era tax cuts to the wealthy and this spring’s budget deal.

“This can only be described as a cave by the White House, even if they view it as a necessary one,” said a top congressional Democrat who requested anonymity because he deals directly with the West Wing. “The only way they sell it to the base is by telling them they aren’t as bad as the Republicans. This is another example of the White House hamstringing Democrats in Congress because everyone knows they will cave in the end.”

Another Democratic staffer said the deal allows Obama to look like a problem-solver outside Washington, which benefits him, although at the expense of his party.

Obama is doing exactly what he wants because he is doing whatever it takes to advance himself.

“Let it bleed” is Obama’s attitude towards his very own Obama Dimocratic Party. “Let it bleed” is Obama’s attitude towards the United States of America. “Let it bleed” is Obama’s attitude towards the American economy. The only thing that matters to Obama is Obama.

The Republican “leadership” has its own “Let It Bleed” strategy. They abandoned their beliefs about the economic decline of America and the need, as espoused by the Tea Party, to take immediate powerful action against the debt and deficits – in order to gain future election victories. The great suites of offices that come with a majority Senate meant a great deal to the Republican “leadership”. The American economy? Let it bleed.

For both Obama Dimocrats and the Republican establishment the political was more important than the economic. The Republicans gave up much (especially the need to have an election year fight on the economy) in order to win electorally. Obama Dimocrats gave up everything in order to not have a fight about the economy and economic philosophy – all so that their Mess-iah will have a chance to continue to be their leader.

Politico had a fairly good analysis about the political state of play:

WINNERS

Mitch McConnell: [snip] The deal promises to isolate the troublemakers in McConnell’s caucus, and there’s no visible pain for him. The Kentucky Republican did a good job of making sure shared sacrifice is shared among the other parties at the table. [snip]

2012 Senate Democrats: They’ve been looking for a spending-cut-tilted bipartisan compromise they can get behind that doesn’t completely screw the White House. They got it. Now, after months of soldiering on without a plan from Senate Democratic leaders, they can be for something. Now, they’ll have the cover of a bipartisan Senate vote and plenty of GOP stalwarts to point to as brothers and sisters in arms when they defend the plan on the campaign trail. [snip]

LOSERS

The left/Reid/Pelosi: The best way to tell who lost is to listen to who is screaming the loudest. That award definitely goes to congressional liberals. Harry Reid and Nancy Pelosi may have signed on, but there’s little doubt they were under duress from the White House. [snip]

The other 534 members of Congress: The process is so broken that only Biden and McConnell can negotiate the really big deals anymore — and only with each other.

TOO EARLY TO CALL

President Barack Obama: Will he look like a hero for forging bipartisan compromise, or will he look compromised for giving up too much on Democratic priorities? Perhaps a bit of both. But still, it’s just a debt-limit increase, so he avoids becoming the first president to preside over default. There’s no constituency for it, not like health care or repealing “don’t ask, don’t tell.” Who’s excited about increasing the debt limit? Time — and the success or failure of the budget-control mechanism — will tell whether Obama wins or loses. But it seems like he’s in a better position today than he was on Friday and a much worse position than he was in January.

The Politico assessment of Obama is generous to him. The last sentence is on target however. Obama has avoided repeated fights on the debt ceiling during 2012 but he is now a visibly weakened oaf even to his dwindling band of Hopium eaters.

The Satan Sandwich debt deal scam is not going to help the American economy and the problems grow with every metric released. Tonight the House votes to put America out of its misery and tomorrow there will be more votes to pass the latest scam which only benefits political leaders not the American economy. Obama Dimocrats will wave red flags and call Hobbits “terrorists” in order to help Mess-iah Obama.

At the end of the day the only ones who benefit from Obama’s new New Deal is the political establishment of the country. As to America, these leaders will let it bleed.

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224 thoughts on “Let It Bleed – The American Economy, Obama, The Debt Deal Scam, And The Panic That Never Came

  1. I can’t believe they dragged gabby giffords to the floor to cast a vote, Yes the woman has been through a lot, but my god I’ve never seen anything so disgusting… And speaking as a nurse does this woman even have the cognitive abilities to understand what she was voting on. From my understanding I thought she had major memory problems etc.

  2. Below is a direct quote from the Social Security Administration website. Much more detail is available at the url.

    http://www.ssa.gov/history/lifeexpect.html

    Life expectancy at birth in 1930 was indeed only 58 for men and 62 for women, and the retirement age was 65. But life expectancy at birth in the early decades of the 20th century was low due mainly to high infant mortality, and someone who died as a child would never have worked and paid into Social Security. A more appropriate measure is probably life expectancy after attainment of adulthood.

    As Table 1 shows, the majority of Americans who made it to adulthood could expect to live to 65, and those who did live to 65 could look forward to collecting benefits for many years into the future. So we can observe that for men, for example, almost 54% of the them could expect to live to age 65 if they survived to age 21, and men who attained age 65 could expect to collect Social Security benefits for almost 13 years (and the numbers are even higher for women).

  3. Gonzotx, I really miss Wbb as well. Seems like I remember someone suggesting that he was a blog hog or some such so maybe he’s gone elsewhere. Or maybe I’m not remembering that correctly. I think he commented at NO QUARTER awhile back.

    Wasn’t his mother in a nursing home? Maybe he has been needed there.

    I hope he will come back soon. I valued his comments.

  4. This morning I heard that Derbin was calling the congressional members who belong to the tea party terrorist. I couldn’t believe he had the balls to say something like that. Not after after Obama blatantly attempted to terrorize seniors by telling us he would with hold our SS checks.

    I called Dustben’s office but he doesn’t answer and doesn’t allow messages, the coward. So I called Amy Klobuchar, and told her who the terrorist is: her best buddy Barack. I asked her to stand up in defense of the Tea Party members who were only being true to their constituents. Course, I also asked her to stand up in defense of women in 2007; and in defense of my life savings in 2008. We all know how far that went.

    And I always end my messages to her with a request that she step down from office for the good of the country and the people of MN as she is either too stupid or too compromised to serve in the position she holds.

  5. As I remember wbboei is involved in writing professional books and articles. He could be off doing some intense research or working on some portions of his book.

    I miss seeing his expertise on the blog also, and I hope that he is still reading here.

  6. wbb has often dropped out for a while to work on special projects. Also there are family health issues.

  7. Biden strikes again.

    Joe Biden on Shooting Victim Gabrielle Giffords: “She’s Now a Member of Cracked Head Club Like Me”

    You just can’t make this up. Oaf Joe Biden told reporters he joked with shooting victim about “cracked heads.”

    Vice President Joe Biden, with a big smile on his face, walked to the House floor and said, “I came to see Gabby, that’s why I’m here.”

    …When Biden was asked about what he spoke with Giffords about, he joked, “She’s now a member of the cracked head club like me.”

    http://www.thegatewaypundit.com/2011/08/joe-biden-to-shooting-victim-gabrielle-giffords-shes-now-a-member-of-cracked-head-club-like-me/

    …………………..

    Now just imagine if any republican had said that……….they’d have been lynched right then and there.

  8. http://www.guardian.co.uk/world/2011/aug/01/us-debt-republicans-smell-victory

    It was easy wandering round the corridors of Congress yesterday to spot who had won the debt standoff. In huddles with party colleagues or heading off to caucus meetings to discuss the details of the deal or standing in front of TV cameras, it was the Republicans who had all the smiles.

    Democratic members of Congress looked uneasy, at times shifty; and some downright were angry. “If I were a Republican, this is a night to party,” Emanuel Cleaver, a Democratic member of the House from Missouri, told MSNBC. Cleaver, a Methodist pastor and chairman of the Congressional Black Caucus, which met to discuss its reaction to the deal, dismissed it as a “sugar-coated Satan sandwich”.

    Even the Democratic leader in the House, Nancy Pelosi, who helped negotiate the compromise with Barack Obama and the Republican leaders at the weekend, had serious reservations. Pelosi, a Californian on the liberal wing of the party on many issues, picked up on Cleaver’s food metaphor and expanded on it. The deal, she told ABC, was a “Satan sandwich with Satan fries on the side”. She voted last night for the bill to raise the debt ceiling, which passed by 269 to 161, but told colleagues in advance she would leave it to their consciences how they voted. Democrats came into the House chamber in a subdued mood, walking slowly as if at a funeral. The near silence on their side of the chamber contrasted with the noise on the Republican side, as members chatted away and hugged one another.

    The 15-minute vote began at 6.50pm. Unlike parliament, there is a screen above the chamber with all the names of members in lights and their votes recorded electronically with either a green Y or red N. The Republicans watched cheerfully; the Democrats could barely watch.

    Republicans aligned to the Tea Party movement voted against but even they did not appear unhappy with the deal. In return for Congress raising the debt ceiling, normally a routine matter, the Republicans have secured more than $2 trillion in spending cuts and forced the Democrats to do this without any tax rises. The Tea Party Republicans did not get all they wanted but they got most of it, and sacrificed almost nothing in return.

    ………………..read on.

  9. From Sanders.senate.gov:

    Why Americans Are So Angry — “The rich are getting richer. Their effective tax rate, in recent years, has been reduced to the lowest in modern history. Nurses, teachers and firemen actually pay a higher tax rate than some billionaires. It’s no wonder the American people are angry. Many corporations, including General Electric and Exxon-Mobil, have made billions in profits while using loopholes to avoid paying any federal income taxes. We lose $100 billion every year in federal revenue from companies and individuals who stash their wealth in tax havens off-shore like the Cayman Islands and Bermuda. The sum of all the revenue collected by the Treasury today totals just 14.8% of our gross domestic product, the lowest in about 50 years. In the midst of this, Republicans in Congress have been fanatically determined to protect the interests of the wealthy and large multinational corporations so that they do not contribute a single penny toward deficit reduction. If the Republicans have their way, the entire burden of deficit reduction will be placed on the elderly, the sick, children and working families. In the midst of a horrendous recession that is already causing severe pain for average Americans, this approach is morally grotesque. It’s also bad economic policy.”

  10. jtjames August 1st, 2011 at 7:54 pm:
    ————–
    A hard-hearted statement from one who has seen the reality of reality:
    Dims are playing poor Gabby to the hilt. She is always ‘doing remarkably well but still in need of extensive rehab.’ Microphones were not made available to her, so there is a big problem there, and hubby is always mentioned as being nearby or ‘in touch;’ still the adoring husband, still so in love.
    Perhaps.
    One thing for certain, in stark contrast to any ordinary citizen in similar circumstances, Gabby does not have to worry when her next paycheck will arrive or if her medical bills will be covered.

  11. Conyers: “Because, the Republicans, Speaker Boehner or Majority Leader Eric Cantor did not call for Social Security cuts in the budget deal. The President of the United States called for that.”

  12. Israel may negotiate from pre-1967 lines

    Tuesday, August 02, 2011

    By Ian Deitch

    JERUSALEM — In a dramatic policy shift, Israel’s prime minister has agreed to negotiate the borders of a Palestinian state based on the cease-fire line that marks off the West Bank, a TV station reported Monday.

    Until now, Benjamin Netanyahu has refused to spell out his plan for negotiating the border. A senior Israeli official would not confirm outright that the prime minister was now willing to adopt the cease-fire line as a starting point, but said Israel was willing to try new formulas to restart peace talks based on a proposal made by President Barack Obama.

    In a speech about the Middle East in May, Mr. Obama proposed negotiations based on the pre-1967 line with agreed swaps of territory between Israel and a Palestinian state. Mr. Netanyahu reacted angrily then, insisting that Israel would not withdraw from all of the West Bank, although that was not what Mr. Obama had proposed.

    Now, Mr. Netanyahu is basically accepting that framework, according to Channel 2 TV, offering to trade Israeli territory on its side of the line for West Bank land where its main settlements are located.

    The official, who has been briefed on the talks, spoke on condition of anonymity because the contacts are still in progress. He said he would not deny the TV report, while refusing to confirm the specifics. He emphasized that Israel would not withdraw from all of the West Bank.

    “We are willing in a framework of restarting the peace talks to accept a proposal that would contain elements that would be difficult for Israel, and we would find very difficult to endorse,” he said, answering a question about the Obama proposal.

    Part of the reason, he said, was that Israel is seeking to persuade the Palestinians to drop their initiative to win United Nations recognition of their state next month, an initiative the Palestinians are undertaking out of frustration with stalled peace efforts.

    Palestinian officials said they had not received such a proposal from Israel. Palestinians have demanded that Israel stop construction in its West Bank settlements and east Jerusalem before peace talks resume.

    Mr. Netanyahu wants talks with no preconditions, where issues such as settlements and borders would be discussed, along with his insistence that the Palestinians recognize Israel as a Jewish state.

    The cease-fire line that marks the West Bank dates to the 1949 end of the two-year war that followed the creation of Israel. That line held until June 1967, when Israel captured the West Bank, Gaza Strip and east Jerusalem, claimed by the Palestinians. Palestinians and most of the world consider the 1967 lines a border, while Israel has always held that it was just a temporary truce line that does not dictate the location of the border.

    Previous Israeli governments have accepted the cease-fire line as the basis for talks, and the two sides came close to agreement twice in the past decade before talks broke down over other matters.

    Thorny issues such as sharing Jerusalem and the fate of Palestinian refugees would remain after the border issue is resolved, but U.S. Secretary of State Hillary Rodham Clinton has said that setting a border would defuse the explosive settlement issue by determining which of the enclaves would become part of Israel and which would not.

    In the absence of an agreement to return to negotiations, the Palestinians are moving ahead with their U.N. recognition initiative. While a General Assembly vote would be symbolic and not legally binding, the Palestinians believe that any international endorsement will isolate Israel and improve their position if negotiations resume.

    Palestinian officials said Monday that they plan to begin mass marches against Israel’s occupation of the West Bank on Sept. 20, the eve of the U.N. vote. Palestinian official Yasser Abed Rabbo said leaders hope to attract millions, and that the protest will be the first of a prolonged effort. He said the campaign would be called “Palestine 194,” since the Palestinians hope to become the 194th member of the United Nations.

    “The appeal to the U.N. is a battle for all Palestinians, and in order to succeed, it needs millions to pour into streets,” he said.

  13. “Mr. Netanyahu wants talks with no preconditions, where issues such as settlements and borders would be discussed, along with his insistence that the Palestinians recognize Israel as a Jewish state.”

    http://www.post-gazette.com/pg/11214/1164502-82-0.stm
    __________________

    Bibi always speaks with such confidence. It’s a pleasure to read anything he writes. A stark contrast to the garbage peddler peddling his usual garbage to the hope and cave crowd. Who’s book of excuses must be in it’s second printing by now.

  14. Jan-

    I like that Bibi is preempting the Pals. Now he is the moving party bringing them to the table with a “deal(?) that can’t refuse?”

  15. My oh my, its getting worse for him.

    Pennsylvania voters say 52 – 42 percent that Obama does not deserve to be reelected.

    http://www.nationalreview.com/campaign-spot/273399/52-pennsylvanians-think-obama-shouldnt-be-reelected

    Quinnipiac surveys Pennsylvania voters finds bad news for President Obama is more plentiful that coal and steel there:

    The protracted slugfest over raising the national debt limit leaves President Barack Obama with a 54 – 43 percent disapproval among Pennsylvania voters, but he scores better than Republicans or Democrats in Congress, according to a Quinnipiac University poll released today.

    President Obama has acted more responsibly in the debt ceiling debate than Congressional Republicans, voters say 44 – 37 percent in the independent Quinnipiac University poll concluded Sunday as agreement on a new debt limit was announced.

    Looking at the other players in the national debt debate, Pennsylvania voters:Disapprove 68 – 28 percent of the job Republicans in Congress are doing;Disapprove 67 – 28 percent of Democrats in Congress.

    Pennsylvania voters say 52 – 42 percent that Obama does not deserve to be reelected. Matching the president against possible Republican challengers shows:

    Former Massachusetts Gov. Mitt Romney with 44 percent to Obama’s 42 percent;
    Former Pennsylvania Sen. Rick Santorum with 43 percent to Obama’s 45 percent;
    Obama leads Minnesota U.S. Rep. Michele Bachmann 47 – 39 percent;
    Obama tops Texas Gov. Rick Perry 45 – 39 percent.

    “Any good poll is a snapshot of public opinion and this survey shows President Barack Obama at a low point just before a major announcement on the national debt limit, after a long and bitter debate,” said Tim Malloy, assistant director of the Quinnipiac University Polling Institute. “Let’s see how the public reacts to the news and whether today’s results are a baseline for measuring future results, or whether they show the president is in big trouble in Pennsylvania, a key swing state.”

    The Santorum number jumps out, as the former Pennsylvania senator has not gotten much traction nationally and was not considered to be terribly popular in his home state.

    Notice Obama cannot get near 50% in any matchup with a republican.

  16. Obama’s hiring of 200,000 people for new jobs in DC would put a serious dent in the deficit. Unless he hired so many people with the intention of layoffs later on using their (surplus) salaried moneys for another of his pet projects.
    ______________________

    Budget Deal Doesn’t Cut Spending

    The Cato Institute ^ | Aug 1, 2011 | Chris Edwards

    House Speaker John Boehner’s bullet points on the deal say that it cuts discretionary spending by $917 billion over 10 years, as “certified by CBO.” These discretionary “cuts” appear to be the same as those in Boehner’s plan from last week. The chart shows CBO’s scoring of those spending cuts.

    http://www.cato-at-liberty.org/budget-deal-doesnt-cut-spending/

  17. So what really was passed? I don’t think a budget has passed. Was there a budget portion in this that apportions the money? I am a little confused. We have working off of CRA so long, it is hard for me to tell what really happened here.

    Imagine, no budget really under O’s administration, and he had a large majority to begin with. I just don’t really think he can manage money or people, yet ther are people out there like Oprah, who thinks he is OK She would not run her company without a budget. They really don’t understand leadership, and effective organization. They only believe in party and getting their person in, no matter how bad they are.

    I must be having a bad morning.

  18. Tim Geithner Inoculates Republicans on All Future Job Losses

    Remember this comment from this morning, and cite it, and repeat it, the next time you hear some Democrat argue that the debt ceiling deal somehow hurt the economy:

    GEORGE STEPHANOPOULOS: So this won’t cost us jobs?

    TIM GEITHNER: No, it will not.

    From the beginning, I expected that one of Obama’s goals in the debt ceiling negotiations was to get the Republicans to take as much ownership of the economy as possible – or at least begin to set up that narrative – so that he has a scapegoat for economic woes until November 2012. “I wanted to spend more on job creation, but Republicans would rather leave tax rates low on corporate jets. I wanted to do more to help struggling families, but they felt it was more important to help out hedge fund managers.”

    Of course, there’s a glaring flaw in that argument: The debt ceiling deal was so harmful and destructive to the recovery that Americans have no choice but to reelect the president who signed it into law.

    Either way, Treasury Secretary Tim Geithner just got the Republicans off the hook for job losses in the coming months. If Obama, or David Axelrod, or Debbie Wasserman Schultz, or some other Democrat attempts to blame the high unemployment rate on the debt ceiling deal, they’re contradicting the administration’s chief mind on economic matters.

    http://www.nationalreview.com/campaign-spot/273404/tim-geithner-inoculates-republicans-all-future-job-losses

  19. Theres that word again…..

    “Consumer spending in the U.S. unexpectedly dropped in June…”

    Consumer spending in the U.S. unexpectedly dropped in June for the first time in almost two years as a slump in hiring caused households to retrench.

    Purchases decreased 0.2 percent, after a 0.1 percent gain the prior month, Commerce Department figures showed today in Washington. The median estimate of 77 economists surveyed by Bloomberg News called for a 0.1 percent increase. Incomes grew at the slowest pace since November and the savings rate climbed.

    The lack of jobs combined with wage gains that have failed to keep pace with inflation raise the risk of further cuts in consumer spending, which accounts for 70 percent of the world’s largest economy. Companies like Newell Rubbermaid Inc. (NWL) are among those cutting forecasts for the year.

    “Consumers ended the quarter on a pretty poor note,” said John Herrmann, a senior fixed-income strategist at State Street Global Markets LLC in Boston, who projected spending would drop. “The third quarter is looking very soft too. Consumers are facing lackluster wage growth in this phase of still-high gas prices.”

    Stock-index futures extended earlier losses on mounting concern the world’s largest economy was faltering. The contract on the Standard & Poor’s 500 Index maturing in September declined 0.7 percent to 1,270.7 at 8:45 a.m. in New York. Treasury securities rose, sending the yield on the benchmark 10-year note down to 2.70 percent from 2.75 percent late yesterday.

    read on……..

    http://www.bloomberg.com/news/2011-08-02/consumer-spending-in-u-s-unexpectedly-falls-for-first-time-in-two-years.html

  20. ahuh

    “Wages are very stagnant and that’s affecting consumer spending and consumer confidence,” Federal Reserve Chairman Ben S. Bernanke said in semi-annual testimony to Congress on July 13. “There is also ongoing uncertainty about the durability of the recovery.”

    Weekly earnings adjusted for inflation dropped 0.9 percent in the 12 months ended June on average, according to figures from the Labor Department.

    The labor market is still struggling to heal. The jobless rate climbed to 9.2 percent in June while payrolls grew by 18,000, the fewest in nine months. The economy also failed to create enough jobs in July to trim unemployment, economists in a Bloomberg survey said before a Labor Department report due this week.

    Merck & Co., Cisco Systems Inc., and Goldman Sachs Group Inc. are among companies that announced workforce reduction plans last month.

    …..Obamanomics aint working.

  21. Trust me, this is going to backfire on him spectacularly.

    What debt crisis? President Obama heads off to be serenaded by Jennifer Hudson for lavish 50th birthday celebration

    Read more: http://www.dailymail.co.uk/news/article-2021286/What-debt-crisis-President-Obama-serenaded-Jennifer-Hudson-50th-birthday.html#ixzz1TsaiD0Ja

    With hindsight, a low-key dinner with close family and friends would probably have been more appropriate.

    But the small matter of a multi-trillion dollar debt crisis was not going to stop President Barack Obama pulling out all the stops for his birthday party.

    There has been speculation for days as to whether the President was going to make it to his own fundraising 50th birthday party – a lavish affair at a $40,000 a night ballroom in Chicago, with Dreamgirls star Jennifer Hudson booked to sing for the birthday boy.

    But with the announcement last night that a debt deal had been agreed, it finally appears as if the party is back on.

    Helicopters could be heard over the Chicago lakefront as authorities performed security drills in preparation for the President’s visit.

    The celebrity-studded event, which will be held at the exclusive Aragon Ballroom on Wednesday – the day before President Obama’s birthday – is scheduled to feature star singer Jennifer Hudson.

    Also set to perform for the President are jazz musician Herbie Hancock and trendy punk rock band OK GO.

    Tickets for the fundraising dinner cost an astonishing $35,800 a person. Additional contributions of $50 will gain entry to the concert with limited seating, while $1,000 donors receive ‘premium’ seats for President Obama’s birthday and $10,000 tickets include ‘preferred’ seating along with the chance to take a photograph with Obama.

    While some might say the U.S. debt pool could do with the thousands, all proceeds will instead go to the campaign to re-elect the President in 2012 and to the Democratic National Committee fund.

    There has been much discussion as to whether the party should go ahead at such a critical time in U.S. political history.

    After days of heated discussion, the President faced bitter reaction to his last minute debt deal today with accusations that the agreement was a sly method to push through higher taxes to hit the middle classes at a later date.

    The Republican National Committee has criticised Obama, arguing that instead of planning a high-profile birthday dinner the President should be focussing on the huge problems his country is currently facing.
    Location: The ornately decorated Aragon Ballroom, where the party is being held

    Location: The ornately decorated Aragon Ballroom, where the party is being held

    Mr Obama has already cancelled a series of campaign fundraisers to stay in Washington for the tense negotiations that have angered the U.S. public, worried financial markets and raised fears of a first-ever U.S. debt default.

    The fundraisers would have brought in millions of dollars for the re-election war chest, campaign officials said.

    The President cancelled a planned trip to California and Seattle and put off a fundraiser in New York. His last campaign fundraiser was on June 30 in Pennsylvania.

    He reported raising $86 million in the quarter ended on June 30, far eclipsing the money raised by any of the Republicans vying for their party’s nomination to compete against him in the 2012 president election.

    Despite the accusations of lavishness, Mr Obama insisted all he wanted for his birthday was ‘a debt-ceiling deal.’

    ……………………………………..

    Now ask yourself how this is going to look to ordinary americans in the middle of a big recession losing jobs, no money to spare in the bank, barely putting food on the table, unable to pay bills, unable to get a job, unable to run cars, cutting back on spending and a huge effing deal was made about the national debt, yet its all ok, Heres Obama having a big Fuck you party for his 50th. Call me cynical but i bet there are quite a few americans who would like to be able to just spend a few dollars and buy a birthday cake for their own kids.

  22. Guess the priority……

    Today Obama meets with AFL-CIO leaders even before he gets the PDB from the Director of National Intelligence.

    http://blogs.suntimes.com/sweet/2011/08/president_obama_official_sched_678.html

    DAILY GUIDANCE AND PRESS SCHEDULE FOR
    TUESDAY, AUGUST 2, 2011

    In the morning, the President will meet with the AFL-CIO Executive Committee in the East Room to discuss issues important to working families, including how to continue growing our economy and putting Americans back to work. This meeting is closed press. (lets reword that ….Pres Obama will meet with his paid goons to discuss how to bully attack, pay off and rig the next set of elections and destroy anyone who gets in their way, there i fixed it)

    Later in the morning, the President will receive the Presidential Daily Briefing and then meet with senior advisors in the Oval Office. These meetings are closed press.

    In the afternoon, the President will meet with the crew of the Space Shuttle Endeavour and the U.S. Commander of the ISS Expedition 26 in the Oval Office. This meeting is closed press.

    Later in the afternoon, the President will meet with Secretary of Defense Panetta in the Oval Office. This meeting is closed press.

  23. So Øbama is still raking in the millions to his campaign fund. I’d just like to know whom the traitors are who are filling his warchest. What person in his right mind would even donate money to him?

  24. moononpluto
    August 2nd, 2011 at 2:49 am
    ===================================

    Why is it that the Guardian can run a story such as this, which is done in an informative way that I WANT to read, while the American media outlets fail to be so informative, at least from my perspective?

  25. “What person in his right mind would even donate money to him?”

    Liberals, limo-liberals like Matt Damon.

    We are getting downgraded and more pain, much more pain is coming. There are not enough rich people to get that money from, it will be the middle class that will pay with higher taxes and, and its a big and, inflation for food, gas, and there is nothing they can do about it.

    http://www.zerohedge.com/news/bill-gross-latest-here-how-debt-man-walking-aka-uncle-sam-plans-steal-you

  26. Oh, and now americans are called “Terrorists”? by the Vice President of the United States of America?

    Who the hell are these people?

  27. Obama’s Enabling Act. Wait until we see how quickly the supercongress acts after the next false flag attack.

    The formal name of the Enabling Act of 1933 was Gesetz zur Behebung der Not von Volk und Reich (Law to Remedy the Distress of People and Reich).

  28. SO, demonize millionaires, billionaires, corporate jet owners, but it sure will not stop Waffles from getting 40K each from them!

  29. Betty
    August 1st, 2011 at 11:56 pm
    ==============================

    Excellent! I especially like the way you end your phone messages to her.

  30. gonzotx
    August 1st, 2011 at 10:39 pm
    ===================================

    I’d like to know what happend to wbboie, too. I miss reading his comments. I am hoping that he is just on vacation.

  31. gonzotx
    August 1st, 2011 at 10:38 pm
    ——————————-

    Ok, now my blood is boiling again. I’m off to go stew for awhile.

  32. This writer is all over the place…

    August 2, 2011

    By Froma Harrop

    Ed Rendell, do you have plans for 2012? Hillary Clinton? If you, the former Democratic governor of Pennsylvania, or you, the secretary of state, are free next year and wouldn’t mind, would you please launch a primary challenge against President Obama?

    This request stems not from anger at Obama’s penchant for blithely negotiating away certain Medicare benefits or the need to modestly raise tax revenues — things that Democrats want, and if the polls are correct, so do most Americans. It was about not negotiating at all while appearing to negotiate on a matter that should be non-negotiable: the full faith and credit of the United States.

    In the last half-century, Congress has raised the debt ceiling 49 times under Republican presidents and 29 times under Democrats. The votes were cast without drama because the idea of this country defaulting on its debts was unthinkable. This last-minute deal notwithstanding, the dangerous precedent whereby America’s promise to pay what it owes can be brought into political play has been set. Meanwhile, the spectacle of government dysfunction has already hastened our decline as a world power.

    Make no mistake: The tea party Republicans have engaged in economic terrorism against the United States — threatening to blow up the economy if they don’t get what they want. And like the al-Qaida bombers, what they want is delusional: the dream of restoring some fantasy caliphate in which no one pays taxes, while the country is magically protected from foreign attack and the elderly get government-paid hip replacements.

    Americans are not supposed to negotiate with terrorists, but that’s what Obama has been doing. Obama should have grabbed the bully pulpit early on, bellowing that everything can be discussed but America’s honor, which requires making good on its debt obligations. Lines about “we’re all at fault” and “Republicans should compromise” are beyond pathetic on a subject that should be beyond discussion.

    That the Republican leadership couldn’t control a small group of ignoramuses in its ranks has brought disgrace on their party. But oddly, Obama’s passivity made it hard for responsible Republicans to control their destructive children.

    The GOP extremists would ask Obama for his firstborn, and he’d say, “OK.” So they think, why not ask for his second-born, to which he responds, “Let’s talk.”

    House Speaker Boehner couldn’t go back to his caucus members and tell them: “We fought like tigers with an intransigent White House. We did well, considering what we were up against.” But he couldn’t say that because they were up against Jell-O.

    Obama can take credit for some major achievements. His auto industry bailout saved the industrial Midwest from collapse. The financial industry reforms will begin to force at least some discipline on Wall Street. And the health care law will ensure coverage for all Americans while reducing deficits in the long-term. But Obama’s successes are undermined by his inability to vigorously sell them, even to a receptive mainstream.

    Recall the summer of idiocy, when Obama sat mute amid moronic charges that Democrats were establishing “death panels.” A Democratic president with his party holding majorities in both houses of Congress could have quickly whipped health care reform into law. But Obama let it fester for month after month of phony negotiations.

    Republicans are ultimately going to take the rap over this debt-ceiling outrage. The full faith and credit of the United States is not a matter over which reasonable people may disagree, and the larger public knows that in its heart.

    But Democrats would do themselves a huge favor if they had a living, breathing leader as their presidential candidate in 2012. Won’t someone step up?

    http://www.realclearpolitics.com/articles/2011/08/02/democrats_also_need_a_presidential_primary_in_2012_110793.html

  33. Mrs. Smith
    August 2nd, 2011 at 7:54 am
    Jan-

    I like that Bibi is preempting the Pals. Now he is the moving party bringing them to the table with a “deal(?) that can’t refuse?”

    ———————-
    I feel that Bibi is offering too much. I honestly hope that the idea of negotiating regarding pre-1969 borders is just a bad rumor.

    But it doesn’t really matter what he offers. Unless he offers to move the Israelis out of Israel and give everything to the Arabs, it will be a no go.

  34. “The full faith and credit of the United States is not a matter over which reasonable people may disagree, and the larger public knows that in its heart.”

    The full faith and credit the USA is what the world determines it to be, the rating agency will do what they want — mostly like to preserve their own credibitity after missing the 2008 event — but it will be the world who decides if the US dollar should still be the reserve currency.
    In the early 1900s, the UK sterling silver was the world’s reserve currency, until they decided UK could not pay back its debt in the same value that they took in, and so the US dollar then became the reserve currency, especially since it was backed by gold. We are going through now the same event.

  35. Jan-

    I think he’s offering it to preempt the Sept 20th demonstrations and get them to the table. Anyway, they have to recognize Israel as a state and that will never happen.

  36. How about Obama not focusing on the democratic state of Israel where Arabs serve in the Knesset and worry about Syria killing it’s people like dogs in the street.

  37. I post links when I think there is more worth reading there and want to make it convenient. Otherwise if the source is extra good or extra bad, I tell the source. When I think a source is probably reliable but there’s not much more there worth reading, I leave it to readers to select and Google; this will usually bring up multiple sources, so you can choose whichever you think most reliable, and/or see contrasting opinions. Google can handle a several line quote.

  38. “The full faith and credit of the United States” There is a good deal of important history related to Secretary of the Treasury Alexander Hamilton’s phrase.

    Under Hamilton’s American System, what is of of economic value is the human creative interventions that produces physical product and alter the land. A productive economy must encourage individual creative discoveries, which discoveries have the power to transform that economy. Use of credits, distributed through a banking system, is the primary way such creative “enterprise” can be encouraged.

    Hamilton set out to erect a national economy based on those principles. Hamilton took over a United States encumbered with debt to foreign lenders who had financed the Revolution, and then the government under the 1783 Articles of Confederation; the problem was compounded by the huge debt loads of some states.

    Under these circumstances, Hamilton’s first task in building a productive economy was to defend the sovereign public credit of the United States. To do that, he had to consolidate the debt under the new sovereign government of the United States.

    In response to a Congressional mandate to propose a way out of this, Hamilton issued his “Report on Public Credit” in 1790. He proposed, for the sake of repairing the nation’s credit to ensure its ability to borrow, that all war debts of the states be assumed by the Federal government, and that the government place the “full faith and credit of the United States” behind all its debt obligations, without restriction. Foreign creditors and others were to be told that they would be paid, as rapidly as prudence permitted, and that the government and future governments were committed to this repayment, as soon as the United States had the ability to make good on its obligations by the improved performance of the economy.

    While establishing the sanctity of U.S. sovereign debt obligations, Hamilton also ridiculed the idea that government should operate on a “pay as you go” basis, without borrowing. The incurring of debt, so long as it was judged to be in the national interest and for the promotion of the General Welfare, was sound economic policy.

    A debt obligation which might appear to be a negative, a debit, on some accountant’s balance sheet, was capable of being transformed into a positive or “a credit,” beneficial to the economy, by creating the capability to generate a “profitability” well beyond its own mere repayment. Such a debt had a “cycle” which, if set at a proper length [for example, a generation or two], would ensure its repayment, and produce a benefit in productive economic activity far greater than the debt’s principle and interest.

    While discussing the “positive” qualities of debt, Hamilton also warned against any simple-minded resort to incurring debt that was not carefully scrutinized according to the principle of investing in the “General Welfare”; any debt is an obligation to pay by the United States that must be met–and which, if properly managed, creates greater benefit to the nation, than to the lender:

    Hamilton also insisted that the credit extension not be limited by deposits of “hard currency,” coin, or metals–that is, gold, silver, etc.–and that paper currency would serve the purposes of the nation. However, as the Constitution dictates, only the Federal government can be responsible for emission of such paper currency, because only the Federal government could assure its stability. Credit, he told Congress, is the means to place money into circulation; credit, when offered for sound economic purpose, not only assures the lender of repayment, but, through advancing the economic well-being of the nation, makes its currency valuable and enhances our standing among nations.

    (The Hamilton report, especially its recommendation for the assumption of state debt, stirred up a bitter debate with opponents, mostly in the Southern states, led by James Madison of Virginia, a former ally of Hamilton in arguing for a strong central government and for ratification of the Constitution, claiming that the Constitution did not specifically grant the Federal government this power, and that Hamilton was unfairly discriminating against states that had prudently dissolved their debts. But the Treasury Secretary realized that his debt assumption and reorganization was the only viable pathway to establish the credit of the new nation.)

    Today, the necessary way to defend our nation’s credit is to reestablish FDR’s Glass-Steagall legislation–throwing the insane speculation debts into the trash where they belong.

  39. Re Conyers’ statement, here’s link to a fuller transcript and more background:

    crewof42.com/cbc/conyers-on-jobs-weve-had-it-lays-out-obama-calls-for-protest-at-white-house/

  40. Now what happened to that civility.

    http://www.examiner.com/conservative-in-spokane/editorial-cartoon-suggests-navy-seals-assassinate-tea-party-republicans

    Editorial cartoon suggests President sends Navy SEALs assassinate Tea Party Republicans

    An editorial cartoon published by Arizona Daily Star cartoonist David Fitzsimmons suggests President Obama send Navy SEALs to assassinate Tea Party Republicans.

    The editorial is just one more example of the jihad being waged against the Tea Party by operatives of the Democrat-media complex.

    The cartoon is a spin-off of the SEAL raid that took out Osama bin Laden, and relies heavily on the current media template – driven by the Democratic party – that the Tea Party is comprised of terrorists bent on destroying the country through fiscal sanity.

    Ken Shepherd of Newsbusters, observing the absense of media criticism over the outrageous cartoon, writes:

    Today Tucson congresswoman Gabrielle Giffords (D-Ariz.) cast her first vote since she was critically injured in a January shooting.

    You’ll recall that in the weeks that followed, the media bemoaned the incivility — supposedly predominantly conservative in nature — of the political debate which had allegedly created a climate of hate.

    Imagine, for just one second, the howls of indignation that would ensue if the cartoon suggested SEALs take out Democrats.

    Just last week, an op-ed at Politico, American University law professor William Yeomans called Tea Party Republicans “full blown terrorists” and blamed them for the debt crisis years in the making.

    He didn’t stop there, however.

    read on……………….

  41. #
    jbstonesfan
    August 2nd, 2011 at 11:24 am

    How about Obama not focusing on the democratic state of Israel where Arabs serve in the Knesset and worry about Syria killing it’s people like dogs in the street.
    ________________

    Could it be the Oil and Gas Reserves?

  42. Nell Merlino
    (Founder, President and CEO, Count Me In for Women’s Economic Independence)

    Up Your Game

    8/2/11

    “And after spending two and a half years as your Secretary of State, traveling nearly 600,000 miles, I have reached one overarching conclusion: Simply put, we need to up our game.”–Secretary of State Hillary Rodham Clinton

    A few weeks ago, the U.S. Global Leadership Coalition (USGLC) held its annual conference in Washington, DC. In case are you not familiar with this group, the USGLC is a network of 400 businesses and NGOs; national security and foreign policy experts; and business, faith-based, academic and community leaders from around the country. This year’s event was called “Investing in the Future,” and the keynote speaker was Secretary of State Hillary Clinton, who was, as always, incredibly inspirational and motivating. Her message was clear: That our international engagements directly affect the US economy, and, perhaps more specifically, “That a strong economy at home is vital to America’s leadership in the world.”

    “Our foreign policy must be a force for economic renewal here at home,” she told the audience of major business and political bigwigs.

    “We all know that families are struggling to get back on their feet after the most severe economic downturn since the Great Depression. We all know we face genuine economic competition in more sectors, from more companies, from more places than ever before, whether it’s from Indian pharmaceutical companies or Brazilian jet manufacturers.”

    She continued: “President Obama understands the stakes, and this Administration is hard at work to help America out-innovate, out-educate, and out-build the rest of the world. We need to double down on what we do well and add new tools and techniques to compete effectively in the 21st century to be strong at home and to lead abroad.”

    She’s right. It’s scary how quickly the competition is growing. But it’s her words here — her call to action — that really struck me: “We need to up our game.”

    Wow.

    Now, I am not Secretary of State, but I am committed to helping women improve their own financial situations while helping the economy improve. And Hillary Clinton’s words resonate for business owners as well as the entire nation. Indeed, there isn’t a woman business owner who couldn’t up her game.

    Think about it. To stay relevant, women business owners must think strategically and always stay one step ahead of the current fad or technology. They need to stay focused on their goals, and not be deterred by obstacles. They must keep an open mind, be willing to listen to constructive criticism, and willing to improve themselves. They have to be ready to fight for their convictions, not be afraid to fail — and to dust themselves off when they do fumble.

    In short: To be successful, women business owners need to never give up, to be fearless, creative, innovate and strong. Always respond to unmet needs in the marketplace. Constant vigilance is exhausting, true, but it’s also exhilarating and the only way to move forward.

    I think of the women I know who are constantly pushing for more. Like Theresa Daytner, of Daytner Construction Group just outside Baltimore. She founded her business in 2003 with her husband as a commercial construction consulting company. Government work was never part of the original plan and her business was doing fine. But Theresa is not the type to sit still. She’s constantly got her eyes and ears open for new trends and forecasts in her own industry and the larger marketplace. Sure enough, some seven years later, 90 percent of her $18 million revenue comes from federal contracts, up from 10 percent (of $1.5 million in annual revenues) just two years earlier. In the midst of a weak economy that has forced many in her industry to close, her business is booming!

    Mary Ardapple, owner of Apple’s Bakery in Peoria, IL, noticed her store was receiving more and more request for gluten free cookies back in 2007. Instead of keeping the cookies as a specialty item for her regular customers, she embraced the market potential and has since created an entire division featuring more than two dozen varieties of gluten free products — from cookies and cakes to breadcrumbs for stuffing — sold around the country.

    Leah Brown was unrelenting in her pursuit of bigger clients and better contracts for her company, A10 Clinical Solutions. For every “NO” she found two more new ways to go back in search of a “YES.” That perseverance and determination recently landed her business on The Inc. 5000 list of Top Ten Woman-Run Companies. A10 has experienced a 2,714 percent growth over the last three years and has no intention of slowing down.

    Let me know how you’re upping YOUR game so I can share your stories with Secretary Clinton in the coming weeks. As you may know, she helped launch our Make Mine a Million $ Business Program in 2006 and always likes to get progress reports.

    And remember: Don’t expect things to happen just because you’re a woman and own a business. MAKE things happen. Be a leader. Up your game to change the game.

    http://www.huffingtonpost.com/nell-merlino/up-your-game_b_915534.html

  43. JanH
    August 2nd, 2011 at 12:53 pm
    ——————————-

    I’ve just dug up the transcript and a 20-something minute video of Hillary’s address. 🙂

    Remarks at the 2011 U.S. Global Leadership Coalition (USGLC) Conference
    http://www.state.gov/secretary/rm/2011/07/168061.htm

    Hillary Rodham Clinton
    Secretary of State
    Grand Hyatt Hotel
    Washington, DC
    July 12, 2011

  44. ohanson
    August 2nd, 2011 at 1:14 pm

    —————–

    Thanks so much. Unlike obama, Hillary inspires and follows through.

  45. “Editorial cartoon suggests President sends Navy SEALs assassinate Tea Party Republicans

    An editorial cartoon published by Arizona Daily Star cartoonist David Fitzsimmons suggests President Obama send Navy SEALs to assassinate Tea Party Republicans.

    The editorial is just one more example of the jihad being waged against the Tea Party by operatives of the Democrat-media complex.”

    ——————-

    Disgusting. I wonder what the stats are for hate crimes of this sort. A terrible trend.

  46. votermom,

    Excellent rebuttal.

    Especially liked the following…

    “So, that’s the Change we’ve all been waiting for. In 2008, if you opposed Obama you were a racist. Today if you oppose Obama you are a terrorist. Now that’s progress.”

  47. Obama said he was not going to send out government checks if he didn’t get more money – scared the whits out of me, can’t imagine how young families lilving with the real posibility of Dad or Mom being killed in one of Obama’s wars felt.

    Who is the terrorist?

  48. Somebody got it wrong in their report- this updated report is more like it…
    ________________________________

    Official: Netanyahu ready to discuss border ‘package’

    By REUTERS
    08/02/2011

    Suggests PM has signaled readiness to renew talks frozen since last year in anticipation of Palestinian statehood bid.

    Israel has told Middle East power brokers it was ready to discuss a proposed package on borders with Palestinians to help Western powers revive stalled peace talks, an official in Jerusalem said on Monday.

    The official denied reports by Israeli and other media outlets that Prime Minister Binyamin Netanyahu had backed down from an earlier rejection of US President Barack Obama’s proposal to negotiate a pullback to 1967 lines.

    But he suggested Netanyahu had signaled a new readiness to aid last-ditch US and European efforts to renew talks frozen since last year in anticipation of a Palestinian threat to seek a unilateral United Nations mandate for statehood in September.

    Israeli and Western leaders have been concerned that any one-sided step could trigger new violence after months of calm, given the spreading unrest in the Arab world and recent calls by some Palestinians for protests to accompany any statehood bid.

    “In order to restart peace talks with the Palestinians and facilitate the restarting of direct talks, Israel has been willing to accept a package that includes a formula on borders,” the official told Reuters, speaking on condition of anonymity.

    Such a package could include borders “that would be difficult for Israel to accept,” the official said, adding that “a part of the package would mean being recognized as a Jewish state,” a demand thus far rejected by Palestinian leaders.

    Israel Radio and Channel 2 reported that Netanyahu had agreed to negotiate a possible withdrawal to pre-1967 lines.

    The official in Jerusalem responded that Netanyahu “has been clear that Israel will not return to the 4th of June 1967 borders,” or the lines that stood before that war.

    Netanyahu told a closed-door session of the Knesset’s Foreign Affairs and Defense committee earlier there were “ongoing efforts to restart peace talks” by Washington and European leaders who had so far failed to find a formula to do so.

    The prime minister said further he was “willing to accept working with the international community to find a way to make that happen,” the official quoted him as saying.

    http://www.jpost.com/DiplomacyAndPolitics/Article.aspx?id=232019

  49. More Newspeak.

    Taxes = revenue. (raised from TAXING us).

    War on Terrorism = overseas contingency operations = take out the republican.

  50. White House Considers New Social Media Avenues

    Baltimore Jewish Life ^ | 8/2/11 | Joseph Marks

    White House communications staffers are investigating using social media sites beyond Facebook and Twitter to broaden the Obama administration’s public engagement and, perhaps, to communicate in different ways, a White House aide said Tuesday.

    That investigation is driven partly by a belief that social media changes so rapidly the government must be willing to experiment with new platforms, and because outside advisers to the administration already are using newer platforms, White House New Media Director Macon Phillips said.

    Former America Online Chief Executive Officer Steve Case, who serves on President Obama’s Council on Jobs and Competitiveness, for example, uses Quora.com, an online question-and-answer site, Phillips said.

    http://baltimorejewishlife.com/news/news-detail.php?SECTION_ID=2&ARTICLE_ID=8023

  51. Until the dust settles, these 3 items seem to be the most obvious for now. And until the fine print and hidden loopholes are revealed nothing is sure until Indy experts can pour over the Budget paperwork and report their findings.
    ___________________________

    The Debt Deal’s Three Biggest Winners and Losers

    By John Lott

    Published August 02, 2011

    | FoxNews.com

    http://www.foxnews.com/opinion/2011/08/02/debt-deals-three-biggest-winners-and-losers/
    _________________________

    Very long article. Better read at the source…

  52. Obama said he was not going to send out government checks if he didn’t get more money – scared the whits out of me, can’t imagine how young families lilving with the real posibility of Dad or Mom being killed in one of Obama’s wars felt.

    Who is the terrorist?

    =============

    Right. Well, they both were, really. The GOP held the ceiling hostage, and Obama escalated to threaten SS and VA.

  53. “So, that’s the Change we’ve all been waiting for. In 2008, if you opposed Obama you were a racist. Today if you oppose Obama you are a terrorist. Now that’s progress.”

    =============

    LOL!

  54. Mrs. Smith
    August 2nd, 2011 at 5:34 pm
    Somebody got it wrong in their report- this updated report is more like it…
    ________________________________

    Official: Netanyahu ready to discuss border ‘package’

    —————–

    LOL…now that brought my blood pressue back down. Then again, Bibi has been reasonable from day one. A number of my Jewish friends believe that nothing but all out final war will bring a change to the status quo.

  55. “A number of my Jewish friends believe that nothing but all out final war will bring a change to the status quo.”
    _______________________

    I don’t think so Jan.. with the exploration of the oil and gas discoveries, they wouldn’t want to waste time blowing up and destroying the countryside. Then spending time burying the dead, rebuilding existing infrastructure, forming a new government etc.. No, they will come to the table looking for a deal. They may argue but all out war would be too costly in time and money spent including all mentioned above.

  56. Obama deserves to be charged with high crimes and misdemeanors. I’m hoping the gun running investigation isn’t all theater like the Rezko trial.

  57. “No, they will come to the table looking for a deal.”

    —————–

    Maybe, but then again, they are already trying to steal Israel’s gas find and the U.N. may just abet them.

  58. What gets me so angry is that obama is already on the news spinning the idea of getting rid of the debt as being his idea.

    He is such a toad.

  59. My forecast that the media outlets were going to enthusiastically declare the fraud a big winner in the debt ceiling negotiations, regardless of the outcome, proved to be totally incorrect. The fraud has been so pathetic in the last couple of weeks that not even his most loyal lapdogs could muster up the courage to declare him as anything but a weak and ineffective loser. Pretty shocking that they didn’t even make the attempt.

  60. For those who continue to torture themselves with the fraud’s national approval ratings and candidate matchups, I suggest reading the following linked article. Sure, National Journal is right-leaning, but the state polls they are reporting are conducted by the same organizations that do the national polls, and it paints a pretty dismal picture for the fraud electoral college-wise.

    As we all know, nothing is guaranteed in the next 16 months, but reading these reports (and there are plenty of others like them) might serve the purpose of preventing us from getting upset at the slightest positive national poll movement for the fraud. Constant monitoring of the national polls will drive you crazy by the time the election comes around.

    http://www.nationaljournal.com/columns/against-the-grain/obama-s-battleground-state-blues-20110726

  61. You’d think they would have learned.

    Another politician forced to resign-sending naked pictures to woman he had online relationship with

    A politician who emailed a woman nude photos of himself that were posted on a GOP activist’s website has resigned and said he will consider all legal options to have the pictures taken down.

    New Jersey democrat Louis Magazzu, 53, admitted sending the photos to the woman he said he had been corresponding with online for several years.

    In an email statement, the Cumberland County freeholder apologised to family, friends and constituents but indicated that he thought he was being set up.

    He claims she requested the pictures but was working with an ‘avowed political enemy’ at the time and that he did not know.

    In an email statement, the Cumberland County freeholder apologised to family, friends and constituents but indicated that he thought he was being set up.

    He said he’s been separated from his wife for about two years.

    The pictures appear to show Magazzu standing naked in front of a mirror photographing himself.

    http://www.dailymail.co.uk/news/article-2021715/New-Jersey-democrat-Louis-Magazzu-resigns-naked-photos-email-online-girlfriend.html?ITO=1490

    ……………………..

    set-up, well if you were stupid enough to send nudey pics of your dangly bits over the internet to some floozy you dont know when you are a politician, then frankly you are too dumb to hold office. When are these men going to learn?

  62. New Jersey democrat Louis Magazzu

    ===============

    We don’t need people like that voting to save SS/Med or any other minor little things like laws. Lynch them all!

  63. America the Beautiful.
    Verse 3, my favorite; edited to convey sensitivity:
    O beautiful for patriot dream that sees beyond the years
    thine alabaster cities gleam, undimmed by human tears!
    America, America …
    confirm thy soul in self control, thy liberty in law.

  64. hmm.. For the Secretary of the Treasury, Geithner to LIE with impunity is unforgivable and should be termed Criminal at the end of this nightmare.

  65. holdthemaccountable
    August 3rd, 2011 at 5:08 am

    Beautiful words and good intentions ingrained by the Founders. It’s a shame what this country has come to-
    All that we knew and grew up with turned into an evil antithesis of the goodness and light this country used to represent. Specifically because of this administration. Republicans are just too sly and cagey for Americans to notice their fingerprints are all over it.

    All Republicans ever cared about is destroying the Middle Class and the Dem Party.

  66. Food for thought in our information-rich environment:

    “No, the most powerful influence was exerted neither by individual speeches nor by articles or flyers, posters or flags; it was not achieved by things which one had to absorb by conscious thought or conscious emotions.

    “Instead Nazism permeated the flesh and blood of the people through single words, idioms and sentence structures which were imposed on them in a million repetitions and taken on board mechanically and unconsciously. . . language does not simply write and think for me, it also increasingly dictates my feelings and governs my entire spiritual being the more unquestioningly and unconsciously I abandon myself to it.

    “And what happens if the cultivated language is made up of poisonous elements or has been made the bearer of poisons? Words can be like tiny doses of arsenic: they are swallowed unnoticed, appear to have no effect, and then after a little time the toxic reaction sets in after all.

    “The Third Reich coined only a very small number of the words in its language, perhaps – indeed probably – none at all. . . But it changes the value of words and the frequency of their occurrence, it makes common property out of what was previously the preserve of an individual or a tiny group, it commandeers for the party that which was previously common property and in the process steeps words and groups of words and sentence structures with its poison.”

    — Victor Klemperer, LTI — Lingua Tertii Imperii (The Language of the Third Reich). A Philologist’s Notebook.

    Victor Klemperer (9 October 1881 – 11 February 1960) was a businessman, journalist and eventually a Professor of Literature. He kept a diary, which, from 1933 through the end of the war, provides an exceptional historical and humane document of the day-to-day account of life under the tyranny of the Third Reich. The diaries have been published in two volumes: “I shall bear witness” and “To the bitter end”. This diary also insightfully details the Nazis’ perversion of the German language for propaganda purposes, which Klemperer would use as the basis for his later book LTI – Lingua Tertii Imperii.

    source, wikipedia

  67. Mrs. Smith: All Republicans ever cared about is destroying the Middle Class and the Dem Party.
    ————–
    I knew they were sneaky when I first learned about Club For Growth. Am certain they remain as such but of course Dems have lately been blatent, revealing their deceptions in full light of day. Very sad times ahead. Many human tears to come with all-out assault on tea party efforts of all kinds:

    Next Phase of Deficit Battle Could Test Tea Party Resolve
    … “I … think the joint committee will set a tone for what happens in the near future,” Reid said, when asked whether Tea Party lawmakers could continue to fight increases in the debt ceiling.
    “Tea Party direction of this Congress the last few months has been very, very disconcerting,” Reid said, and he predicted things are going to start to change around Capitol Hill.
    “There must be a sharing of sacrifice,” Reid said. “We’ve had too much talk the last few days of Republicans … saying there will be no revenue. That’s not going to happen.”
    While Republicans hold a wide majority in the House, Reid noted there’s “no supermajority” on the committee, where each party will have six members. The committee’s recommendations would still need to clear Congress, but the law signed Tuesday has built-in disincentives aimed at preventing Congress from stonewalling the committee’s report.
    Though the Tea Party felt snubbed at the end of the debt talks, Democrats claimed the movement has had far too much influence. The frustration with the Tea Party’s power was evident during a private meeting with Vice President Biden on Monday, when House Democrats compared Tea Partiers to “terrorists” — the vice president later denied using the term himself, but explained in an interview that some lawmakers felt like they were “being held hostage by terrorists.”
    Democrats are now determined to change the dynamic. …
    http://www.foxnews.com/politics/2011/08/02/tea-party-platforms-at-stake-in-next-phase-deficit-battle/

  68. WOW and yes.

    http://blogs.telegraph.co.uk/news/nilegardiner/100099341/joe-biden-compares-the-tea-party-to-terrorists-is-this-the-most-crass-and-nasty-white-house-in-modern-us-history/

    Joe Biden compares the Tea Party to terrorists. Is this the most crass and nasty US presidency in decades?

    Earlier today Politico broke the astonishing story of Joe Biden supporting the charge by Democrat Congressman Mike Doyle of Pennsylvania that Tea Party Republicans had “acted like terrorists” over the debt issue. According to Politico’s report, based on eyewitness accounts:

    Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit. Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.

    “We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”

    Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.

    There is something deeply sad and disconcerting when the vice president decides to compare opposition legislators in Congress with terrorists simply because he disagrees with their views and principles. This is the kind of ugly, threatening rhetoric that has no place at the heart of the US presidency. About a third of the country are favourable towards the Tea Party, according to Gallup – i.e. tens of millions of Biden’s fellow Americans. Does he label them terrorists too?

    Working in Washington I’ve met numerous Tea Party supporters and have always found them to be unfailingly patriotic people who love their country and feel passionately about the need to rein in Big Government through the democratic process. To compare their elected representatives to terrorists who seek to destroy the United States and everything it stands for is gravely insulting to hard working Americans who have in many cases devoted their lives to serving their country.

    Power carries with it responsibility and the vice president has monumentally abused it with his remarks today. His conduct is hugely embarrassing for the second most powerful figure at the helm of the world’s only superpower. There is a fundamental difference between robust political debate and labeling your opponents as enemies of the state and proponents of violence.

    Joe Biden has clearly overstepped the line with his comments, and brought the office of the vice president into disrepute. His actions today are symbolic of a White House that increasingly looks bitter, crass and petty in its behaviour as public opinion moves firmly against it. Biden’s outburst is a sign of the Left’s growing desperation 30 months into the Obama administration, and only further reinforces the image of decline and decay sinking in at 1600 Pennsylvania Avenue.

  69. The characterization of Tea Party activists as “terrorists” is ludicrous to anyone who knows one in person. Surely, even the people who are using these words must understand how over the top they are when used to describe the blue-haired old ladies who bake cupcakes to raise money for conservative candidates. Don’t they?

    Or do they? Something else must surely be going on here.

    “Psychological projection or projection bias is a psychological defense mechanism where a person subconsciously denies his or her own attributes, thoughts, and emotions, which are then ascribed to the outside world, usually to other people. Thus, projection involves imagining or projecting the belief that others originate those feelings.” — Wikipedia.

  70. One ticket for tonight’s Obama Obirthday Obash: $40k. Enough for 2000 parties for Bambi and the Moose at Chuck E. Cheese.

  71. set-up, well if you were stupid enough to send nudey pics of your dangly bits over the internet to some floozy you dont know when you are a politician, then frankly you are too dumb to hold office. When are these men going to learn?

    On the one hand I agree. Idiotic. What if instead of being exposed, the person kept the pix and blackmailed the guy into doing political favors.

    On the other hand, I think this- emailing naked pix to someone who asked for it, while idiotic, is actually not as pervy as what Weiner was doing, which was emailing it to women who were NOT expecting anything of the sort.

  72. yeah Votermom, you’d think these guys would have learned by though, its not rocket science, keep your pants on if you dont want it splashed all over social media.

  73. I always find Ulsterman’s “Insider” stories entertaining. The Democrats have a monster in their midst that they don’t even know how to deal with or what to do with.

    White House Insider: “Everyone Stunned At How Little Barack Obama Understands”
    Published by Ulsterman on August 1, 2011 in US Politics

    Read more: http://newsflavor.com/politics/us-politics/white-house-insider-everyone-stunned-at-how-little-barack-obama-understands-4/#ixzz1TyejdNV5

    A quick update following the almost-concluded debt ceiling negotiations paints a fascinating picture of Democrats and Republicans agreeing on one thing – the leadership fiasco that is President Obama. Democrats are so upset in fact, serious whispers of a primary challenger to Obama are now quickly spreading within the party.

    As predicted last week by our longtime D.C. Insider, the debt ceiling agreement now appears to have indeed been”all but done” days prior to its actual public conclusion. What is equally clear is just how inept Barack Obama was during the entire process – and how deep current frustrations and anger now run against the president from both Democrats and Republicans in Congress:

    __________________

    …As I told you last week, the debt ceiling deal was in fact concluded far earlier than the media reports indicated. All the drama made for good news, right? The principles were in agreement, but it was the Tea Party and far left folks who were putting up the big fight to the point of directly challenging the likes of Boehner, Pelosi, and Reid. In all my years of D.C. dealings, I have never seen so much infighting by people against others in their own political party. It was astounding to see and hear what some were saying about others over the last week or so. Both parties are going to be licking their wounds following this mess.

    The one thing that almost everyone did agree with was how “idiotic”, “moronic”, “pathetic”, “self-serving”, “arrogant”, and “scary” President Obama’s role was during the process. Those are actual descriptions used against the president, and most of them came from Democrats. Everyone stunned over how little Barack Obama understands about anything. Told Harry Reid came out of a meeting with Obama over the weekend “visibly shaking” he was so angry at how little the president seemed to care about the process and related details of the agreement, and how flip and dismissive he was toward Senator Reid. “Just get something for me to sign Harry…” The primary concern of the Obama White House was the possibility of the debt ceiling issue carrying forward into the 2012 election cycle. The president and his people made that abundantly clear to anyone who would listen time after time after time.

    What’s done is done on the debt ceiling stuff. What is coming from all of it though might prove even more interesting to us who want to see Obama made a one-termer. That would be what is now very serious conversations by some high ranking Democrats, and a few powerful donors, to run a primary challenger against President Obama. This scenario has been spoken of before, but now it’s getting very very serious. Plouffe, who has all but taken over the president’s day-to-day scheduling, which is yet another clear sign that this president has totally given up even pretending that he is not already in 24/7 campaign mode, is warning Obama’s inner circle of the harm to the re-election such a challenge would inflict. Apparently the president himself remains working under the belief he is unbeatable. That no Republican no matter who it is can defeat him.

    We’ll see about that. Many of us are jumping to the other side for this election and it will definitely be my last one. Sending you a much more detailed update later this week. Keep on Gunrunner. It is developing into something far more damaging to the administration than even we initially thought possible. Oh, and the Corsi stuff that you keep pumping on me. Guess what? It was recently brought up by someone once very high up in the administration. It appears there is in fact something substantial possibly developing on that as well. Significants are working double time keeping it under wraps. That always means it is legit, and serious. Remember that scenario well back in the Clinton days. Not saying I’m jumping into the deep end on that stuff just yet, but might actually owe you that drink after all. And maybe an apology as well.

    -Insider

  74. EXCELLENT

    Jobs Bash 2011 Announced Across The Street from Obama’s Chicago Birthday Party

    Activists Plan to Counter Obama’s Re-Election Fundraiser in Chicago

    WHAT:President Obama plans to celebrate his big 50th birthday this Wednesday at the historic Aragon ballroom on Chicago’s north side with additional satellite fundraisers being held around the country. But the President may be in for another unexpected surprise: A “Jobs Bash” just steps away from the upscale fete in his honor.

    On Sunday’s premiere of “The Victory Sessions” with Stephen Bannon on TalkRadio 790 KABC and streamed live with Larry O’Connor, editor-in-chief of Breitbart.tv , “Tea Party Report” contributor William J. Kelly issued a call for people – conservative, independent, and tea party supporters and leaders – to come to Chicago for the President’s birthday and have a “jobs bash” of their own.

    “Barack Obama is only concerned about one job and that is his own. He is in town for a birthday fundraiser after sending a debt limit deathblow to American businesses,” said Kelly.

    To that end, Kelly is helping to organize the first Tea Party “Jobs Bash: 2011.” He is calling on the unemployed and the underemployed to come out and bring their resumes and business cards to “Job Bash 2011” and call on the President to own up to the high U.S. unemployment figures – currently at 9.2 %.

    WHERE: The Green Mill (across from the Aragon Ballroom) 4802 North Broadway Street Chicago, Illinois

    WHEN: Wednesday, August 3, 2011 — Jobs Bash” reception begins at 3pm.

    CONTACT: Call Bill Kelly at (312) 217-4623 (312) 217-4623. For details, watch http://www.kellytruthsquad.com

    WHAT: On Sunday’s premiere of “The Victory Sessions” with Stephen Bannon on TalkRadio 790 KABC and streamed live with Larry O’Connor, editor-in-chief of Breitbart.tv , “Tea Party Report” contributor William J. Kelly issued a call for people of all political persuasions – `conservative, independent, and tea party supporters and leaders welcome – to come to Chicago for the President’s birthday for a “bash” of their own.

    ……………………………

    I hope a lot of people turn up and make merry hell.

  75. WOLF: Liberals’ unmaking of Barack Obama
    President enters predictable free-fall from godlike to Carteresque
    By Dr. Milton R. Wolf

    The Washington Times
    7:05 p.m., Tuesday, August 2, 2011

    Remember when liberals claimed Barack Obama was “probably the smartest guy ever to become president” and was “a sort of god”? Today they say “we are watching him turn into Jimmy Carter right before our eyes,” and the center point of his presidency is “a disaster.” So what changed exactly?

    Is President Obama really a different man today than he was before he entered the Oval Office? The same Illinois legislator who voted “present” 129 times is now the debt-crisis-AWOL president who refused to present a specific plan of his own. The same presidential candidate who wanted to “spread the wealth” has unleashed redistributionist, collectivist policies on everything from health care and energy supply to runaway Keynesian spending and ever-increasing taxes. Should we be surprised?

    The president may still win re-election in 2012, of course, but in recent weeks, his approval rating has crumbled, particularly among liberals, to an all-time low of 40 percent in a recent Gallup poll. Another poll shows that even among liberal Democrats, strong support for Mr. Obama’s record on jobs has plummeted 22 points, to a paltry 31 percent. The hope and change of 2008 have given way to the joblessness and foreclosures of Obamanomics.

    The only thing worse than the abject failure of a liberal president, at least in the eyes of the liberal, is the undeniable failure of liberalism itself. To claim Mr. Obama has been a good president no longer even remotely passes the laugh test. Consider the results thus far of the Obama presidency:

    Two million-private sector jobs have been lost.
    Unemployment jumped from 7.8 to 9.2 percent with a simply terrible 2011 first-quarter economic growth rate of just 0.4 percent.
    A record 1 in 7 Americans is on food stamps.
    Gasoline prices more than doubled, from $1.83 to $3.74 per gallon.
    National debt increased 35 percent, to $14.5 trillion, or $137,000 for each taxpayer.
    National unfunded liabilities increased 47 percent, to $114.9 trillion, or a cool $1 million for each taxpayer (and this does not yet include Obamacare).
    America is on the verge of losing its AAA credit rating.

    What’s worse, and was as easily predictable, is the systematic dishonesty Team Obama unleashed to persuade Americans to tolerate its big-government, collectivist agenda. America is, after all, a center-right nation with nearly 3-to-1 self-described conservatives compared to liberals. How else besides trickery could Mr. Obama further an agenda so unpopular with voters? Witness the dishonesty:

    The stimulus would keep unemployment below 8 percent.
    Stimulus funds would go to “shovel-ready” jobs.
    Obamacare would create 4 million new jobs – 400,000 almost immediately.
    You could keep your own doctor.
    The president’s mother was denied health insurance.
    Obamanomics would mean a “net spending cut.”

    So, as the liberal presidency of Mr. Obama becomes increasingly indefensible, the liberal is faced with an unthinkable dilemma: acknowledge the fundamental failure of his collectivist liberal philosophy, which tends toward socialism, or blame its failures on a single man whom, until just recently, the liberal deified.

    The conflict between liberal collectivist ideology and its application was easily predictable by anyone who has studied big-government economic failures throughout history, from the collectivist all-stars including Mao’s China, Mussolini’s Italy, Hitler’s Germany or Stalin’s Soviet Union to today’s honorable mentions such as Castro’s Cuba or Chavez’s Venezuela. Enforcement of collectivism has always depended on government power, from Stalin’s iron-fisted gulags to Mr. Obama’s mere heavy-handed plan for punitive fines for failure to purchase your government-imposed health insurance. The degree of autocracy may vary, but still the collectivist road to economic ruin is universal.

    Here’s what I wrote one year ago:

    “As President Obama’s failures mount, there will be an awkward reversal of roles among liberals, and to a lesser degree, among conservatives, that we’re already beginning to see. It will be the liberals, rather than the conservatives, who will decry this man as personally incompetent. In the collapse of the social-welfare state, the last bastion for these scoundrels will be to sacrifice their own anointed deity as though it is his personal failures, rather than the inherent deep flaws of statism, that are to blame. Of course, one must ask how valuable an ideology can be if one man, even (or perhaps especially) a flawed man, can destroy it.

    “Conservatives will then find themselves in the uncomfortable position of defending Barack Obama personally, or at least reminding the liberals of their earlier effusive praise, in order to redirect the blame where it primarily belongs – at the feet of the statist policies themselves. The liberals will be left to explain, of course, how valuable the liberal ideology itself really is if even a learned and godlike leader cannot manage it. Further, if Barack Obama turns out not to be the deity they once claimed, what does that say of the liberals’ perception (and honesty) when they eventually anoint another?”

    This cycle of liberal, cannibalistic personal destruction is the predictable result of the Democrats’ cult-of-personality politics. Those purveyors of big-government rule are the mob that Ann Coulter described in her recent book “Demonic,” quoting Gustave Le Bon from a century ago, that “knows neither doubt nor uncertainty … it goes at once to extremes.” The absurdity of liberals’ deification and then condemnation of their own leaders is second only to their unwillingness to confront the failures of their collectivist philosophy.

    In the end, Barack Obama’s failures as president are not because he couldn’t faithfully execute the liberal collectivist philosophy – he ushered in the Obamacare era, after all – his failures are instead because he bought into the failed philosophy in the first place.

    ▬Dr. Milton R. Wolf is a board-certified diagnostic radiologist and cousin of President Obama. He blogs at MiltonWolf.com.▬

  76. Governor Palin Reminds America who Pals Around with Terrorists

    Governor Palin did not hold back as she talked with Sean Hannity tonight. She was quite clear that she isn’t going to sit silently by while people on the left–including VP Biden–call tea party Americans names like terrorists.

    She went on to remind everyone that it was President Obama who launched his political career in the home of Bill Ayers, a domestic terrorist. She boldly stated:

    If we were really domestic terrorists, shoot, President Obama would be wanting to pal around with us, wouldn’t he? I mean, he didn’t have a problem with palling around with Bill Ayers back in the day when he kicked off his political career in Bill Ayers’ apartment.

    Tough words, yes, but perhaps Vice President Biden and other hard-core leftists might want to remember them before besmirching Americans who simply want to see some fiscal sanity in this nation.

    http://www.motivationtruth.com/2011/08/governor-palin-reminds-america-who-pals.html
    The Governor also didn’t hold back about Mitt Romney, who once again, decided to take a stand–after the fact. This time, it was against the debt ceiling compromise. In the past, he’s been fond of endorsing candidates after they won. It’s time, Governor Palin said, to stand for something from the onset. She also commended Congresswoman Michele Bachmann for doing just that, as she stood up for what she believed in and refused to vote to raise the debt ceiling.

    About 2012? She said she’s still deciding.

  77. “Ruin-Nation: The Obama Catastrophe”

    “Barack Obama finally got the grand, bipartisan consensus he’s been working towards for two and a half years.”
    **
    “Obama’s unrelenting hostility to “entitlements,” which he vowed to put “on the table” for cutting two weeks before taking the oath of office in January, 2009, came to fruition this week, setting in motion a rolling implosion of Roosevelt’s New Deal and Johnson’s Great Society. It is a monumental catastrophe, worthy of a Mt. Rushmore in reverse (say, deep in a guano-filled bat cave). History will, without doubt, lay this ruin of a nation at the doorstep of Obama, the corporate Democratic Trojan Horse whose complexional characteristics neutered, neutralized or outright made insane the bulk of Black America and most of those whites that pass as “progressives.”
    **
    “The most pitiful picture to emerge from the mega-debacle just witnessed in Congress, is that of Black Texas Rep. Sheila Jackson-Lee, standing on the House floor in mid-July, asking “Why is this president being treated so disrespectfully” by Republicans, in the debt debate. As if insults to Obama’s dignity were the crisis ravaging her constituents and the rest of Black America. A report had just confirmed that 30 years of (meager) Black gains were wiped out between 2005 and 2009. One-third of Black America is without assets or has negative wealth, including half of Black single women, the people that raise the majority of Black kids, one-third of whom live in poverty. Black unemployment sits at Depression levels. But Rep. Sheila Jackson-Lee was upset because of perceived disrespect to Obama, who offers nothing to Black people but the corporate crap-line, “A rising tide lifts all boats.”

    The entire structure of social support for poor and working people was at issue, yet the Black congresswoman could think only of Obama: “Why is he different?” Jackson-Lee assured her audience that, “in my community, that is the question that we raise.”

    To the extent that that is true, to the degree that Black America remains more concerned about how Obama is doing as he seeks another term in office, rather than how the African American people are doing under Obama’s center-right, Wall Street- and war-loving regime – Blacks are doomed to a period of suffering unprecedented in the modern age.
    *****

    http://www.blackagendareport.com/content/ruin-nation-obama-catastrophe

  78. The Governor also didn’t hold back about Mitt Romney, who once again, decided to take a stand–after the fact. This time, it was against the debt ceiling compromise. In the past, he’s been fond of endorsing candidates after they won.
    It was pretty funny the way she showed what Mitt did by licking her finger and putting it up to the wind.

  79. Sharp fall in consumer spending, manufacturing in US

    By Andre Damon
    3 August 2011

    Economic data released this week provides further evidence that economic growth in the US has virtually come to a halt. The Commerce Department reported Tuesday that consumer spending fell by 0.2 percent in June, the first monthly decline since September of 2009. Personal income increased a negligible 0.1 percent, the smallest gain since last November, according to the department. Wages and salaries remained unchanged.

    These figures followed similarly disastrous data on manufacturing released Monday by the Institute of Supply Management. The institute reported that its US purchasing managers index (PMI) fell in July to its lowest level in two years, while new orders contracted for the first time since 2009.

    The data on consumer spending and manufacturing is consistent with the figures released Friday by the Commerce Department on overall economic growth. That report showed second quarter growth of the US gross domestic product (GDP) slowing to a mere 1.3 percent on an annualized basis. The Commerce Department also revised downward its estimate of GDP growth in the first quarter from 1.9 percent to a negligible 0.4 percent.
    ***
    It is no longer possible to deny that the US economy has been slowing dramatically since the first quarter of 2010, when it hit its “post-recession” peak growth rate of 3.9 percent. Since then, it has managed an average quarterly growth of 0.5 percent.
    ***
    The Economic Policy Institute, a Washington think tank, said Monday it expects that the agreement on raising the federal debt ceiling, together with other expected budget-cutting measures, will result in the loss of 1.82 million jobs and a reduction of 1.5 percent in the US gross domestic product in 2012.
    (snip)

    http://www.wsws.org/articles/2011/aug2011/econ-a03.shtml

  80. KY Gov Steve Beshear Caught Up In Alleged Strong-Arm Fundraising Scandal

    http://biggovernment.com/driehl/2011/08/03/ky-gov-steve-beshear-caught-up-in-alleged-strong-arm-fundraising-scandal

    That 20%, or approximately $400,000 of KY Gov Steve Beshear’s current primary dollars comes from state employees and appointees doesn’t help as whistle-blowers have come forward to allege strong-arm tactics were used to solicit campaign dollars on his behalf.

    FRANKFORT—The Republican Party of Kentucky and an employee of the Justice and Public Safety Cabinet are alleging Gov. Steve Beshear’s administration strong-armed some state employees for contributions to Beshear’s re-election campaign.

    Dr. Rodney Young, a 27-year state employee who works for the Department of Juvenile Justice, delivered a signed letter Monday to RPK Chairman Steve Robertson claiming the Cabinet’s Deputy Secretary, Charles Geveden, pressured him and other state employees for contributions to Beshear’s re-election campaign. The letter was also delivered to Attorney General Jack Conway’s office and Robertson filed complaints with the Executive Branch Ethics Commission and the Kentucky Registry of Election Finance.

    The complaints cite a December 2010 CNHI News Service story about similar complaints by non-merit — or politically appointed — state employees that they felt pressured to attend a Frankfort fundraiser for Beshear shortly before Christmas. A spokesman for Beshear’s campaign told CNHI News at that time no state employees should feel any pressure to contribute to Beshear’s campaign which “strictly follows all campaign laws.”

    There have been similar previous reports involving Beshear, one going back as far as December 2010. This time, however, there is a whistle-blower involved, one who has named other individuals who reportedly suffered the same strong-arm tactics in a quest for campaign cash.

    The complaints cite a December 2010 CNHI News Service story about similar complaints by non-merit — or politically appointed — state employees that they felt pressured to attend a Frankfort fundraiser for Beshear shortly before Christmas. A spokesman for Beshear’s campaign told CNHI News at that time no state employees should feel any pressure to contribute to Beshear’s campaign which “strictly follows all campaign laws.”

    A Kentucky political blogger has posted documents referenced in some of the reporting.

    read on …………………………..

  81. another lot under the bus.

    UNION MEMBERS OUTRAGED After White House Hires Non-Union Crew For Obama’s Birthday Bash

    Somebody’s Having a Birthday and You’re Not Invited
    That is, if you belong to a union.

    In case you live under a rock and haven’t heard, Barack Obama turns 50 today. And, the place to be tonight is the Aragon. The party starts at 7:00. But don’t bother to show up if you’re a union member. The White House hired a non-union crew for the event tonight.

    A confidential and trusted union source contacted me today to report that the crews called in to work Obama’s birthday bash are non-union. Union members are OUTRAGED that Obama would turn his back on them.

    Curiously, my source added that the day rate is actually higher for the non-union members to do the work. It’s not a money issue. What gives?

    More to come… Check back here and here.

    http://biggovernment.com/jhoft/2011/08/03/union-members-outraged-after-white-house-hires-non-union-crew-for-obamas-birthday-bash

    ……………………………………………

    Sorry but its just freaking hilarious. Obama really does know how to knife his “friends”

  82. OBUMMA’S SEITIROIRP?? (BACKWARDS PRIORITIES):
    &&&&&&&

    Mrs. Smith
    August 2nd, 2011 at 5:40 pm
    White House Considers New Social Media Avenues

    Baltimore Jewish Life ^ | 8/2/11 | Joseph Marks

    White House communications staffers are investigating using social media sites beyond Facebook and Twitter to broaden the Obama administration’s public engagement and, perhaps, to communicate in different ways, a White House aide said Tuesday.

    That investigation is driven partly by a belief that social media changes so rapidly the government must be willing to experiment with new platforms, and because outside advisers to the administration already are using newer platforms, White House New Media Director Macon Phillips said.
    &&&&&&&&&&

    Let me get this straight. Every ounce of brain power and effort and focus is going toward marketing “Candidate Obama”? Not one ounce left to govern???

    Smart incumbent presidents DO THEIR JOBS, and their ACCOMPLISHMENTS and RESUME are part of their CAMPAIGN EFFORT.

    Again, NO-ACCOMPLISHMENT-OBAMA has to resort to brainwashing his base.

  83. moononpluto
    August 3rd, 2011 at 1:43 pm
    another lot under the bus.

    UNION MEMBERS OUTRAGED After White House Hires Non-Union Crew For Obama’s Birthday Bash

    Somebody’s Having a Birthday and You’re Not Invited
    That is, if you belong to a union.
    &&&&&&&

    Obama throws more of his base under the bus.

    He can’t throw his enemies under the bus, though, because they/we don’t trust him, and don’t stand close to the curb.

  84. Again, NO-ACCOMPLISHMENT-OBAMA has to resort to brainwashing his base.

    ==================

    If he can find them. Right now he’s just chasing after them.

  85. BIRTHDAY PRESENT FOR MR. WONDERFUL

    But isn’t all this bad economic news all Bush’s fault???

    http://www.cnbc.com/id/44000051

    Private Sector Adds 114,000 Jobs, But Layoffs On the Rise
    ===============

    Private sector payrolls rose at a faster pace than expected in July, but a surprising increase in layoffs in the sector helped push the number of announced U.S. jobs cuts to a 16-month high, separate reports showed Wednesday.

    The data come ahead of Friday’s closely watched July jobs report, which is expected to show 85,000 nonfarm payrolls and a 9.2 percent unemployment rate.

    It is further bad news for the U.S., which teetered on the brink of defaulting on its debt repayments before finally rubberstamping a deal to raise the debt ceiling and cut public spending by more than $1 trillion.

    The pace of private sector job growth slowed in July with employers adding 114,000 positions, a report by a payrolls processor showed.

    Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 100,000 jobs. June’s private payrolls were revised down to an increase of 145,000 from the previously reported 157,000.

    The report is jointly developed with Macroeconomic Advisers LLC. Economists often refer to the report to fine-tune their expectations for the payrolls numbers, though it is not always accurate in predicting the outcome.

    “This only adds fuel to the argument that the slowdown story is here in the U.S. I am fairly confident that people are going to be scaling back their estimates for nonfarm payrolls on Friday,” said Tom Porcelli, chief U.S. economist at RBC Capital Markets in New York. “While it is a good thing that small and medium-sized companies are adding payrolls, there is no doubt that the pace has slowed.”

    U.S. stock index futures added to gains immediately following the report, while Treasury prices slipped and the dollar rose against the Swiss franc.

    Layoff Wave Lifts Job Cuts to 16-Month High

    A separate report showed the number of planned layoffs at U.S. firms rose to a 16-month high in July, as sectors which had been seeing fairly few layoffs unexpectedly bled jobs.

    Employers announced 66,414 planned job cuts last month, up 60.3 percent from 41,432 in June, according to a report from consultants Challenger, Gray & Christmas Inc.

    The job cuts were up 60 percent from June, and 59 percent higher than the 41,676 layoffs recorded in July 2010. Its was the largest monthly total since March 2010, and the first month this year that the government was not the biggest job cutter.

    “What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that, until now, have enjoyed relatively low job-cut levels,” John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

    Layoffs in the pharmaceutical and retail sectors overtook nonprofit and government job cuts last month, accounting for 20.32 percent and 16.93 percent of announcements, respectively.

    The cuts were the result of large layoffs by a handful of private-sector employers, including Merck, Borders, Cisco Systems [CSCO 15.3985 -0.0615 (-0.4%) ], Lockheed Martin [LMT 73.48 -0.20 (-0.27%) ] and Boston Scientific [BSX 6.76 0.12 (+1.81%) ].

    These five companies alone accounted for 38,100 or 57 percent of the total job cuts in July.

    The pace of job cuts picked up steam in recent months. At the end of March, year-to-date job cuts were 28 percent lower than the same period a year ago. The gap at the end of July has now narrowed to 8 percent lower than the same time in 2010, with a total of 312,220 cuts so far this year.

    “July marks the third consecutive increase we have seen in monthly job-cut announcements, which certainly seems to provide additional evidence that the recovery has stalled,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, in a statement.

    “What may be most worrisome about the July surge is that the heaviest layoffs occurred in industries that, until now, have enjoyed relatively low job-cut levels, including pharmaceuticals, computer and retail.”

    The pharmaceutical sector suffered the most job cuts in July, with 13,493 jobs lost, most of them from a long-term cutting plan at Merck [MRK 32.6211 -0.2789 (-0.85%) ].

    Similarly, retail job cuts were dominated by one employer, book store chain Borders, which went into liquidation with the loss of more than 10,000 jobs after a turnaround plan failed.

    “It has been a couple of years since we have seen this level of private sector job cuts coming in a single month,” said Challenger.

    “The spurt of layoff announcements in July also stood out because they came from major employers in bellwether industries, all within a span of a few days. A casual observer certainly might conclude that the wheels just fell off the recovery wagon.”

    Challenger warned that Wall Street may be hit in coming months by a number of banks cutting their workforces, including Goldman Sachs [GS 132.36 1.13 (+0.86%) ], HSBC [HSBA.L 593.80 -16.30 (-2.67%) ], UBS and Credit Suisse.

    “Weakness in the financial sector does not bode well for the rest of the economy. Nor does weakness in the manufacturing sector, which is reporting some of the slowest activity in months,” said Challenger.

    The most recent Institute of Supply Management data showed that its manufacturing index read 50.9 in July, barely above the 50 mark that separates expansion from contraction, and new orders contracted for the first time in two years.

  86. MORE BIRTHDAY PRESENTS!!!

    http://www.bloomberg.com/news/2011-08-02/feldstein-recession-panel-members-see-rising-odds-of-a-renewed-u-s-slump.html

    Odds of Renewed U.S. Recession Seen Rising by Majority of Economic Panel
    =====================

    By Steve Matthews
    Aug 3, 2011

    The two-year-old U.S. recovery’s staying power may be diminishing as consumers and the government pare spending, say five of the nine economists on the academic panel that dates recessions.

    “This economy is really balanced on the edge,” Harvard University economics professor Martin Feldstein, a member of the Business Cycle Dating Committee of the National Bureau of Economic Research, said yesterday in an interview on Bloomberg Television’s “Surveillance Midday” with Tom Keene. “There’s now a 50 percent chance that we could slide into a new recession. Nothing has given us much growth.”

    A greater-than-expected slowdown in the first half of 2011 poses risks for the world’s largest economy, said economist Robert Hall of Stanford University, the panel’s chairman. Gross domestic product climbed at a 1.3 percent annual rate from April through June after a 0.4 percent gain in the prior quarter that was less than earlier estimated, Commerce Department figures showed July 29.

    “The slower the growth rate, the more likely it is that an adverse shock would cause a recession,” Hall said in an interview.

    While the committee doesn’t forecast the odds of a recession, individual members can make their own predictions, Hall said. The panel took more than a year to determine that the deepest contraction since the 1930s ended in June 2009, a finding made in September 2010.

    Depth of Recession
    Gross domestic product shrank 5.1 percent from the fourth quarter of 2007 to the second quarter of 2009, compared with the previously reported 4.1 percent drop, the Commerce Department said last week. The second-worst contraction in the post-World War II era was a 3.7 percent decline in 1957-58.

    “The risks have gone up for another recession compared to where we were six months ago,” Christina Romer, a former chairman of the White House Council of Economic Advisers and a professor at the University of California, Berkeley, said in a Bloomberg Television interview Aug. 1 on “Street Smart” with Carol Massar and Matt Miller. She predicted “anemic, but positive, growth.”

    Committee members cited weakness in housing, employment, and business confidence and efforts to reduce debt by consumers and government as hurdles to growth. Four academics on the panel either declined give odds of a recession or didn’t respond to requests for comment.

    Consumer spending unexpectedly dropped in June for the first time in almost two years, while the savings rate rose, Commerce Department figures showed yesterday in Washington.

    Squeezing Spending
    “Consumption is down because debt repayments are squeezing spending even this long after the crisis,” Hall said. “It will be a painful process until debt-dependent consumers are back on their feet.”

    Manufacturers are restraining production in response to weak consumer demand. Manufacturing in the U.S. almost stalled in July, a report from the Institute for Supply Management showed Aug. 1.

    The unemployment rate probably stayed at 9.2 percent in July as payrolls climbed by 85,000 workers, according to a Bloomberg News survey ahead of the Labor Department’s Aug. 5 report. Through June, the economy recovered about 1.77 million of the 8.75 million jobs lost as a result of the 18-month recession that began in December 2007.

    “We certainly are in a more vulnerable situation now,” and a new shock could spark a downturn, similar to the contraction after oil prices jumped with Iraq’s invasion of Kuwait in 1990, said James Stock, a Harvard economist on the NBER panel. “Looking around the world, it is sure possible to think of shocks of the Kuwait magnitude that could tip us over the edge.”

    Debt-Limit Debate
    Business confidence has been shaken by the months-long debate over raising the debt ceiling, Stock said.

    President Barack Obama yesterday signed a debt-limit compromise that prevents a U.S. default on the day the Treasury Department had warned the nation’s borrowing authority would expire. The measure raises the nation’s debt ceiling until 2013 and threatens automatic spending cuts to enforce $2.4 trillion in spending reductions over the next 10 years.

    “The U.S. debt ceiling debate has, I think, really eroded confidence among consumers and businesses in addition to creating uncertainty,” Stock said in an interview. “The resolution of uncertainty with the compromise doesn’t restore with it the view of legislative competence in economic management.”

    Cutbacks in government spending will be a drag on growth next year, said Jeffrey Frankel, another Harvard professor on the NBER committee. While recession risks have risen, they are “not necessarily enough to push the probability over one half.”

    Stimulus Withdrawn
    “The government is a source of contraction this year,” Frankel said. “Fiscal stimulus is being withdrawn at the federal, state, and local levels.”

    Committee member Robert Gordon of Northwestern University, who didn’t estimate odds on a recession, and Feldstein agreed that the “hangover” from the housing bubble continues to plague the economy.

    “There is a vast oversupply of housing that has crushed any chance of recovery of residential construction, which for the last three years has been operating at about 25 percent of the housing starts registered in 2005-06,” Gordon said.

  87. Increasingly, we hear the call for a primary challenge to Obama…

    This from Susan Estrich, Michael Dukasis’ campaign manager…

    “Those Democrats who are willing to write off the next election — and make no mistake, there are more than whispers — are unduly pessimistic….

    “What Democrats are saying privately bears almost no relationship to what is being said publicly. Publicly, most people are biting their tongues, falling in line, swallowing their disappointment.”

    “The worst thing that could happen to an incumbent president is a primary challenge. The more serious the challenge the more likely he is to lose. And yes, the weaker he is the more likely he is to be challenged. Vicious circles are like that.”

    Read between the lines… The tom-toms are beating. Bernie Sanders, now Susan Estrich… “labor leaders to old-fashioned organizers, from bundlers of big money to people in the line at the market, there is anger and bewilderment and, most of all, disappointment” with Obama.

  88. It is further bad news for the U.S., which teetered on the brink of defaulting on its debt repayments before finally rubberstamping a deal to raise the debt ceiling and cut public spending

    =====================

    I’m not much on saying, “Oh, those evil ——-‘s are trying to kill the US$ as international currency so they can make money in One-World Globalism(tm).” And I’m sure the new Tea Party congressmen don’t all have their money in evil overseas investments.

    But that’s sure one effect their stunt is having.

  89. Los Angeles Democrat
    August 3rd, 2011 at 2:17 pm

    Increasingly, we hear the call for a primary challenge to Obama…

    This from Susan Estrich, Michael Dukasis’ campaign manager…

    “Those Democrats who are willing to write off the next election — and make no mistake, there are more than whispers — are unduly pessimistic….

    “What Democrats are saying privately bears almost no relationship to what is being said publicly. Publicly, most people are biting their tongues, falling in line, swallowing their disappointment.”

    “The worst thing that could happen to an incumbent president is a primary challenge. The more serious the challenge the more likely he is to lose. And yes, the weaker he is the more likely he is to be challenged. Vicious circles are like that.”

    Read between the lines… The tom-toms are beating. Bernie Sanders, now Susan Estrich… “labor leaders to old-fashioned organizers, from bundlers of big money to people in the line at the market, there is anger and bewilderment and, most of all, disappointment” with Obama.

    ———
    How many of these nitwits are afraid of the backlash from Hillary’s army, “We told you so”. And, will fight to the last second to defend him in public, but wish SHE would ride in on her white horse and save us and the party?

    She might just put up her hand, and tell them to buzz off… But, the Big Dawg would be giving her a nudge if this happened. 😉

  90. rgb44hrc
    August 3rd, 2011 at 2:06 pm

    MORE BIRTHDAY PRESENTS!!!

    ——-

    How about warm one in a brown paper bag left on his doorstep?

  91. Oh what a cutesie photo has up of the BirthdayKing…smile with a wrinkled up nose. Gag.

    Middle aged, half a century, white hair, skinny ass…………. 😆 😆

  92. OH- THIS IS GOING TO BE BAD- REALLY BAD!
    I’ve been with my cousin today, the better part of the day. He is a Veteran. The Army Veterans are gearing up for a march and they are p’sd. They HATE OBAMA with a passion as if he were the VietCong. They are warning everyone to stock up on food, water and converting everything they own into ca$h-

    They are done as in DONE with Obama threatening them. I can tell you these guys are as serious as a heart attack at seeing Obama exit the WH. If he didn’t have SS protection, they would be hauling him out by the seat of his pants physically out the front door and dumping him on Pennsy Ave like they do for unruly drunks in bars.

    If you don’t believe me, go to your nearest VA Center and talk to any of them (outside) and hear their outrage expounded in short brief remarks like this @#$%& HIM.

  93. rgbhrc44

    “Let me get this straight. Every ounce of brain power and effort and focus is going toward marketing “Candidate Obama”? Not one ounce left to govern???”

    “Smart incumbent presidents DO THEIR JOBS, and their ACCOMPLISHMENTS and RESUME are part of their CAMPAIGN EFFORT.

    Again, NO-ACCOMPLISHMENT-OBAMA has to resort to brainwashing his base.”
    _________________

    I don’t think the LEFT can be brainwashed anymore. The previous brainwashing has been replaced with ANGER, BETRAYAL, VENGEANCE- ( You know what they say about a woman scorned..) magnify that by the millions of Army, Navy, Airforce and Marine Veterans walking around this country many of them homeless and looking for a reason…to exist! Now they have it.. Getting rid of Obama.

  94. Holy Fuck on a bike…..this would be the last straw.

    Brace Yourself, America: Treasury Secretary Jon Corzine?

    How serious is the speculation that former New Jersey Gov. Jon Corzine will end up going to join the Obama administration, perhaps as Tim Geithner’s replacement as Treasury Secretary? Serious enough that his current employer has to price the potential move into its products!

    MF Global Holdings Ltd. took the cult of the Wall Street chief executive officer to a new level with a plan to sell bonds that pay a higher rate if Chairman and CEO Jon Corzine quits to take a job from the U.S. president.

    The futures broker is selling $300 million in five-year unsecured notes, said a person familiar with the offering who declined to be identified because the terms aren’t final. The notes will pay an extra percentage point of interest if Corzine is named to a federal post and confirmed by the Senate before July 2013, New York-based MF Global said in a regulatory filing.

    “That seems crazy,” said William Larkin, a fixed-income portfolio manager who oversees $500 million at Cabot Money Management Inc. in Salem, Massachusetts, and has 22 years of experience. “I’ve never heard of something like this.”

    Corzine, the 64-year-old former governor of New Jersey, helped run Goldman Sachs Group Inc. from 1994 to 1999 and served in the Senate from 2001 to 2006.

    Well, that’s reassuring. We all remember what a swell job Corzine did in protecting the interests of taxpayers in his last job, right?

    Sigh. Yeah.

    Just the man to run the Treasury Department in times like these – a guy who left a record $8 billion budget deficit in his last job.

    http://www.nationalreview.com/campaign-spot/273590/brace-yourself-america-treasury-secretary-jon-corzine

    ……………………..

    I despair. May as well just put Goldman sachs in charge of the treasury.

  95. “I despair. May as well just put Goldman sachs in charge of the treasury.”
    ________________________

    Thats the whole idea. We are experiencing the GOOD times as was said to me today. It’s gonna get WORSE… much worse than we ever thought it could.

    And the CRAZY thing is, the Republicans are supporting this. They want this A-hole in office for another 4 yrs to finish US off! So THEY can walk away from this mess with CLEAN HANDS. They can’t LOSE. Hoping US Voters are STUPID enough to elect another one of their own Republican Reptiles if Obama loses.

  96. Wouldn’t it have been a wonderful symbol for women if Hillary had won?

    This is so beyond sad.

    ————–

    Black America still celebrates Obama, if not his policies

    Courtland Milloy,
    Published: August 2, 2011

    Remember the last Democratic presidential campaign, when black support suddenly shifted in December 2007 from Hillary Clinton to Barack Obama? We still liked Hillary, perhaps even more than the little-known Barack, but the possibility of electing the first black president in American history . . . well, what a symbol that would be.

    And how we wept for joy when he won.

    Black America is crying the blues like no time since the Great Depression. Black households, on average, have lost more than half their worth in just a few short years, and the wealth gap between blacks and whites is at a historic high.

    A study by labor researchers at Berkeley, released last month, noted that “as governments continue to trim budgets, the mass layoffs of public employees have disproportionately impacted the African-American community.”

    A double whammy for places such as Prince George’s County, home to many black federal employees. First the housing bubble bursts and any chance of accumulating wealth vanishes. Now comes the prospect of losing their jobs to a deficit reduction plan that ostensibly is suppose to lead to job creation. Bah humbug.

    Prince George’s also leads the Washington area in charitable giving. As residents’ pocketbooks shrink, the safety net for the black poor they tend to donate to will surely become all the more tattered.

    Ironic, isn’t it, that our most profound political achievement coincides with our greatest economic loss since slavery?

    And yet we do not want our symbol of black success tarnished by this disappointment. We do not want to see Obama fail. Even when our homes are underwater and we’re drowning in red ink, Obama can take for granted that he’ll always have our shoulders to stand on.

    After signing the deficit-reduction bill Tuesday, the president gave us another visionary speech of things to come that somehow never do. Now it’s time to focus on jobs, he said. For the umpteenth time. It seems that every time Obama loses a political fight, usually after appearing to throw in the towel, he tries to make it sound like he gave in now so he could get something for us later.

    And we believe it. Just wait till he gets reelected, we tell ourselves. Which, of course, will be too late.

    Nevertheless, we love us some Obama. Whenever Obama strolls into a public place, say, Ben’s Chili Bowl on U Street in the District, we part for him like the Red Sea, hands reach out as if he were handing out fishes and loaves or, in this case, half-smokes on a bun.

    Black churches are filled to the rafters whenever he, the first lady and their two daughters show up. Obama flashes a smile so bright it makes Denzel Washington’s 100 watts look dull by comparison. And grown men turn to groupies.

    On Saturday, Princeton professor Cornel West and PBS talk show host Tavis Smiley are scheduled to launch a 15-city “poverty tour.” The purpose, supposedly, is to spotlight the neglected needs of the poor. But I suspect the real intent is to answer a question that West asks time and again: “What’s up with dear Brother Barack?”

    The question might be appropriate, but the tone and timing are off. Lucky for them that black people don’t have a penchant for pie throwing.

    Sure, black support for Obama is down to 54 percent. But that’s the same as it was in December 2007 — just one month before his popularity among blacks soared to 70 percent and culminated with 96 percent of the black vote in the presidential election.

    And that happened even though four out of five blacks said they had a favorable impression of Hillary Clinton. Something tells me Obama is not worried about losing the black vote to, say, the likes of Republican presidential candidate Michele Bachmann.

    But we do worry about dear Brother Barack. Surely he must realize that the New Deal and Great Society are being undone on his watch — and that many black people are facing an economic struggle reminiscent of the post-Reconstruction era.

    Comparisons to the Great Depression aren’t just economic, either.

    In 1937, blues singer Robert Johnson agonized over making a deal with the devil in “Hellhound on My Trail.” Now comes Obama, similarly dogged by GOP hell-raisers, signing off on a deficit-reduction deal that Congressional Black Caucus Chairman Emanuel Cleaver (D-Mo.) called a “satan sandwich.”

    http://www.washingtonpost.com/local/black-america-still-celebrates-obama-if-not-his-policies/2011/08/02/gIQAmSFfqI_story.html

  97. Barry is in real trouble when AA preachers turn against him.

    “Obama Protects the Powerful Over the Poor

    By: Wendell Griffen

    (snip)
    “But Obama is not a prophetic man. He prefers accommodation with those who would oppress the weak, poor, young and elderly over confronting them in the name of justice.

    He appears too ready to embrace political deals that protect the powerful and sacrifice the vulnerable.

    After the financial markets suffered a near collapse in 2008 because of corporate greed and malfeasance, the Obama administration sided with bankers and against struggling homeowners who were fighting to avoid foreclosures.”
    **
    “Obama has not demonstrated the moral courage, inclination and strength to exercise political power on behalf of the powerless. There are no advocates for the powerless in his Cabinet, within the inner circle of his White House staff or among those whom he recognizes in Congress as his closest allies.”
    **
    “Political rulers need prophetic advisers who remind them that justice involves and requires a lot more than political expediency. But they need something beyond having an occasional chat with a preacher or other moral leader.

    Rulers must believe in social justice enough to fight for it. The civil rights laws, the great advances in education, and passage of Medicare happened during the 1960s because Lyndon Johnson fought for them. Johnson’s policies protected the vulnerable because Johnson demanded it.

    Sadly, Obama won’t be remembered as a leader whose policies protected vulnerable children, the elderly, people struggling against poverty and our elderly. Instead, he has favored the powerful, wealthy and comfortable over the people Jesus called “the least of these.”
    (snip)

    [Wendell L. Griffen is pastor of New Millennium Church in Little Rock, Ark., and on the board of directors of the Baptist Center for Ethics.]

    http://www.ethicsdaily.com/obama-protects-the-powerful-over-the-poor-cms-18301

  98. AFP: United States Treasury says U.S. borrowing has topped 100% of GDP

    …………….

    wonderful and for their next trick.

  99. And the CRAZY thing is, the Republicans are supporting this. They want this A-hole in office for another 4 yrs to finish US off! So THEY can walk away from this mess with CLEAN HANDS.

    ==============

    Right. Almost any other Democrat POTUS would have been better.

  100. Gross US Debt Surges By $240 Billion Overnight, US Debt To GDP Hits Post World War II High 97.2%, Official Debt Ceiling Increase Only $400 Billion.

    Two things happened when the Senate voted in the “Bipartisan” plan into law yesterday: i) deferred debt on the Treasury’s balance sheet finally caught up with reality, and ii) as a result of i) America’s Debt/GDP just hit a post World War 2 High of 97.2%. Becasue as the Daily Treasury Statement as of last night indicates, total US marketable debt surged by $124.6 billion, while debt in intragovernmental holdings (Social Security, Government Retirement Accounts, etc), soared by $113.6 billion, for a combined one day change of $238.2 billion, the single biggest one day increase of US debt in history. Obviously this is a result of massive underfunding and disinvestment in the various government retirement accounts as well as due to deferred debt which was to be booked since the debt was breached on May 16. However, how marketable debt could increase by a whopping $125 billion without any actual auction settlement is slightly confusing. Just as confusing is that according to the endnote in the debt subject to limit calculation, the new ceiling is not the $900 billion increase as requested, but only $400 billion more than the $14.294 billion previous, or at $14.694 billion. We hope this is some Treasury type or misunderstanding as this new ceiling will be breached in a month. And the last thing we need is this whole debt ceiling drama back again in September. One thing there is no confusion about, however, is that based on the latest gross debt number of $14.581 trillion, and the just reported Q2 GDP of $15.003 billion, total US debt to GDP is now a post World War II high of 97.2% (and that excludes the GSE off balance sheet debt).

    http://www.zerohedge.com/news/gross-us-debt-surges-240-billion-overnight-us-debt-gdp-hits-post-world-war-ii-high-972-official
    ……………………..

    They all need shooting.

  101. moononpluto
    August 3rd, 2011 at 5:57 pm

    AFP: United States Treasury says U.S. borrowing has topped 100% of GDP

    …………….

    wonderful and for their next trick.

    I am no financial genius but this reminds me of my part time job. I spend almost as much in expenses as I get paid. It’s a wash. But luckily, I don’t depend on that income to pay my bills. Now if I DID, wouldn’t I be out on the street along about now? Even if you owed 50 percent of your income in debt you could never get out of the hole unless you A) started making more money or B) won the lottery. Neither of those is likely to occur to anyone in the near future. So how can the GDP (eg – in an individual’s case, your income) mean anything other than DOOM???????????????????? I remember once being in the hole around $30g and it took me FOREVER to get out of it.

  102. She’s at it again. Off her head.

    Wasserman Schultz: “We’ve Really Begun To Turn The Economy Around”

    http://realclearpolitics.com/video/2011/08/02/debbie_wasserman_schultz_weve_really_begun_to_turn_the_economy_around.html

    “Well, we’re going to focus on what we know is the number one priorities on Americans ease minds right now, that is creating jobs and continuing to get this economy turned around. If we have to drag the Republicans with us, then we’ll do that, but, you know, it’s been a whole lot of months, eight months they have controlled the house with no jobs bills coming to the Floor. Hopefully now with this compromise on the debt ceiling behind us, with the opportunity, with the economic to sit down and focus on longer-term deficit reduction that will have some balance and ask some sacrifice for our most fortunate,” Rep. Debbie Wasserman Schultz (D-FL) told MSNBC. Schultz is also the Chairwoman of the DNC.

    “We’re creating jobs each month in the private sector.”

    Opining on Voter ID laws being enacted across the nation to prevent voter fraud, Wasserman Schultz says “you’re more likely to be hit by lightning than be a victim” of fraud.

    …………………………………

    I seriously think they are living in la la land now, is Obama passing out lsd with jobs these days.

  103. moononpluto,

    I don’t know which is scarier, the numbers or the hyperbole. They won’t even NAME what’s going on. By calling it GDP, or “Revenue” and using any way of NOT using the word TAXES they lull stupid Americans into thinking there is no real problem. Ladidadidadda – What? 100 % GDP? Who cares. That doesn’t affect me. What? They want increased revenue? Great. Won’t affect my pocketbook. What’s that you say? There is no more war on terror? It’s just an overseas contingency operation? Whew, does that make me feel safe? Oh, you mean the Fort Hood Muslim Nidal Hassan who butchered American Soldiers was not a terrorist but Republicans who were against the debt ceiling are? And it’s ok to call them terrorists?

    Control the name of a thing and you control the thing. What’s the first thing kids learn? What’s that called, mommy? That’s BAD, that’s good. And they are shoveling the sh!t in public schools. Now some so-called educators are calling ALL textbooks racist.

  104. Oh, one other thing.

    Can you imagine what would happen if any group from black panthers to La Raza to civil rights groups were reffered to the way MSM bashes the tea party, which is not even an official group but just an acronym – Taxed Enough Already? BO and his crew are deliberately culling the herd, forcing those they don’t seem as sympathetic to their cause under the big bad umbrella of white racist Americans. More spin, more fairy tales from the fairy tale king.

    Only these fairy tales have horrific endings.

  105. From Bloomberg Auigust 3, 2011.

    “Announced U.S. Job Cuts Jumped 59% in July”

    “Employers in the U.S. announced the largest number of job cuts in July in 16 months, signaling a labor market that’s struggling to improve.

    Planned firings climbed 59 percent from July 2010 to 66,414, according to figures released today by Chicago-based Challenger, Gray & Christmas Inc. Job-cut announcements were led by the pharmaceutical industry, which included drugmaker Merck & Co.’s plans to eliminate as many as 13,000 jobs.

    The figures follow other data showing consumers retrenching, manufacturing cooling and confidence waning. Employers in July probably boosted payrolls at a pace that failed to reduce the jobless rate, according to a Bloomberg News survey before a report in two days.

    “July marks the third consecutive increase we have seen in monthly job-cut announcements, which certainly seems to provide additional evidence that the recovery has stalled,” John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. “It has been a couple of years since we have seen this level of private-sector job cuts coming in a single month.”

    Compared with June, job-cut announcements increased 60 percent. Because the figures aren’t adjusted for seasonal effects, economists prefer to focus on year-over-year changes rather than monthly numbers.
    The pharmaceutical industry led the firings with 13,493 job cut announcements in July.”

    http://www.bloomberg.com/news/2011-08-03/announced-u-s-job-cuts-jumped-59-in-july.html

    From ulsterman:

    Following a historically anemic “recovery” over the last two years, the American economy is once again buckling under the Obama administration’s attack on private industry, enterprise, and economic prosperity…

    It was just last year the Obama administration unrolled what was laughably dubbed “Recovery Summer”. Within weeks that PR stunt was quickly swept away and forgotten by both the Obama administration and the mainstream media as month after month of economic data made clear the halting “recovery” was a tepid economic affair leaving millions of Americans out of work, and private companies holding onto their reserves of cash for fear of what the political climate was to unleash against them next.

    Throughout this time, President Barack Obama has maintained his oft-repeated anti-business stance. Oh sure, he has made empty overtures to private industry, promising less regulation (while simultaneously signing into law the most restrictive and job-killing financial regulations since the Great Depression) and “open dialogue” with various industry leaders. Of course, those leaders, if they are to have the ear of Barack Obama, must make certain they will support his re-election bid in 2012. Such is the way of Chicago – and now very much the way of Washington D.C. Just this past week, immediately after signing into law the debt ceiling agreement, Barack Obama publicly announced both increased government deficit spending, and a promise to push for increased taxes on the very private sector responsible for creating and paying for all the jobs this American economy so desperately needs.

    Even those once associated with the Obama administration are doing nothing to hide the fact the country is now at great risk of entering yet another serious economic decline. According to Christina Romer, who recently abandoned the Obama economic team (as almost all others have done as well) declared this week that the risks of another recession “…have gone up compared to where we were six months ago.” June data shows consumer spending having dropped substantially – the first time it has done so in two years, while layoffs rose month-over-month by a shocking 60 percent. As for overall unemployment, it remains at an appalling 9.2 percent.

    So in the face of yet further deficit spending, more job layoffs and rising unemployment, and the spectre of a double-dip recession looming, what is the primary activity of President Obama’s schedule in the coming week? Why a multi-million dollar birthday bash fundraiser in Chicago of course.

    Happy birthday to you President Obama.

    America hopes in 2012 you get just what you deserve…

    Read more: http://socyberty.com/history/the-ulsterman-report-welcome-to-obamas-double-dip-recession-america/#ixzz1U0lsduSv

  106. BASIL99
    Your comment is awaiting moderation. Don’t worry, it might simply be an overactive spam filter.
    August 3rd, 2011 at 7:34 pm

    From Bloomberg Auigust 3, 2011.

    “Announced U.S. Job Cuts Jumped 59% in July”

    “Employers in the U.S. announced the largest number of job cuts in July in 16 months, signaling a labor market that’s struggling to improve.

    Planned firings climbed 59 percent from July 2010 to 66,414, according to figures released today by Chicago-based Challenger, Gray & Christmas Inc. Job-cut announcements were led by the pharmaceutical industry, which included drugmaker Merck & Co.’s plans to eliminate as many as 13,000 jobs.

    The figures follow other data showing consumers retrenching, manufacturing cooling and confidence waning. Employers in July probably boosted payrolls at a pace that failed to reduce the jobless rate, according to a Bloomberg News survey before a report in two days.

    “July marks the third consecutive increase we have seen in monthly job-cut announcements, which certainly seems to provide additional evidence that the recovery has stalled,” John A. Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. “It has been a couple of years since we have seen this level of private-sector job cuts coming in a single month.”

    Compared with June, job-cut announcements increased 60 percent. Because the figures aren’t adjusted for seasonal effects, economists prefer to focus on year-over-year changes rather than monthly numbers.
    The pharmaceutical industry led the firings with 13,493 job cut announcements in July.”

    http://www.bloomberg.com/news/2011-08-03/announced-u-s-job-cuts-jumped-59-in-july

  107. I’m taking this as a warning of an upcoming surprise:

    Making clear that a pound of flesh is not enough, Moody’s announced [Fri. or Sat.] that the outlook for the US grade is now negative. Senior credit officer Steven Hess added: “We do think more needs to be done to ensure reduction in the debt to GDP ration, for example, going forward.”

    Fitch rating agency was quick to join in the circling vultures: “While the agreement is clearly a step in the right direction, the US, as in much of Europe, must also confront tough choices in tax and spending against a weak economic backdrop if the budget deficit and government debt is to be cut to safer levels over the medium term.”

    Make no mistake about it, the British Empire is going in for the kill. And as will be made clear in and LPACTV release later today, Congress was utterly foolish to believe that a vote for the treasonous debt ceiling bill would protect the US credit rating. [snip] from LPAC

    More: Congress, You Were Had!
    August 3rd, 2011 • 6:43 PM
    short video report. Despite the Congress’s treasonous compromise with Obama on the debt ceiling and the fascist budget cuts, the U.S. debt will more than likely still be downgraded. Congress was had.

    ————-
    Elsewhere:

    Debt Deal Delusions: Debt to Gross Domestic Product Ratio
    08/03/2011 – 03:47

    The compromise “is a positive step toward reducing the future path of the deficit and the debt levels,” Steven Hess, senior credit officer at Moody’s in New York, said in a telephone interview yesterday. “We do think more needs to be done to ensure a reduction in the debt to GDP ratio, for example, going forward.” < BULLSHIT
    Bloomberg, Aug 2 (Image: Okko Pyykko)

    How many times have you read or heard about the magic numbers concerning the ratio of national debt to gross domestic product (GDP)? This was trotted out by both sides of the debt ceiling debate as a fact: if the debt-to-GDP ratio exceeds 90%, the results will be dire. Therefore, our current situation calls for a crisis reaction and extreme measures to get below the magic number.

    The problems with this analysis and the underlying research were never examined. This crisis worked so well at diverting public attention away from the real budget problems, we can assume there will be more debt ceiling crises in the future. It is worth understanding the problems with this ratio and the reasons to view conclusions and subsequent actions based on it as specious… [snip]

    http://www.economicpopulist.org/content/debt-deal-delusions-debt-gross-domestic-product-ratio

  108. At this point I can only PRAY that someone emerges from the mist – the BO slayer – 1 year from now who will destroy BO’s reselection hopes, rid that our country of that POS forever and help us get on with the job of rebuilding the US..

    IF Bo is reselected, we will survive. It will just make it that much more difficult to recover.

    I am listening to that fothermucker Trump still talking about getting involved in the selection should the repubs fail to put up someone strong. He should just STFU and crawl back under his hair. He had his chance. Where the hell was he when the LSM skewered him on national TV? Where was the fight? No, he just wrapped himself in his hair and boohooed about how he had been obamawhacked. We don’t need a whiner like that. Now he’s crooning about how perfect daughter IvanKa gave him number one grandchild. F**K them all and their paternalistic fantasies.

    And what woman is capable of escaping the media’s wrath? Look at what they did to HRC, to Sara, to Bachman, to Donell, to Engels, to Giffords. Sadly, the only one who still has a chance is HRC. Check that amazing pic of her in the rain. That’s who my heart years for, if she hasn’t sold out everything to BO.

  109. And what woman is capable of escaping the media’s wrath? Look at what they did to HRC, to Sara, to Bachman, to Donell, to Engels, to Giffords.

    ==================

    Why would they attack Giffords?

  110. Mrs. Smith August 2nd: “Israel’s prime minister has agreed to negotiate the borders of a Palestinian state based on the cease-fire line that marks off the West Bank, a TV station reported Monday.”
    ****

    Yes, Bibi finally seems to realize that the “indefensible” 1967 borders were the 1949 truce lines that held very well, i.e. were perfectly defensible, for 18 years.

    The Pennsylvania borders with NY, WV, MD, DE, OH are indefensible as was evident when Pennsylvania was invaded by Confederate forces at Gettysburg.

    US borders with Canada are indefensible, as was evident when the Brits marched down from Canada to burn Wash DC in 1812.

    Most state borders in the US, US borders to the north and south, and most national borders worldwide are all indefensible in a war.

    “Indefensible” is a military term and you have to be in a war mindset with your neighbor to think or use the term.

    When Bibi called the 1967 borders “indefensible”, he was assuming that Israel has always been and will always be at war with its neighbors.

    The great military “wins” for Israel in the 1967 war were the taking of Sinai from Egypt and Golan from Syria.

    Since then, Israel has returned Sinai to Egypt because of Sadat’s peace initiative and the resulting treaty. Because Israel is now at peace with Egypt, it can revert to the “indefensible” 1967 border, which becomes defensible again as it was from 1949 to 1967.

    Also since 1967, Ariel Sharon was negotiating a treaty with Syria which would have traded a cutoff of the Iranian arms flow through Damascus against the return of Golan to Syria. To Sharon, the militarily strategic Golan could be yielded if there was peace between Syria and Israel, just as the Sinai could be yielded if there was peace between Israel and Egypt.

    So, regardless of military considerations, all borders become defensible if the peace is real, and few borders are defensible if there is war.

    The defensibility of borders is thus hypothetical at best, and irrelevant to the question of peace.

    Peace can be addressed by asking more pertinent questions, such as:

    Why do so many Palestinians want to kill the Jews? Have the Jews done anything to deserve that? (and the answer to that question is ‘yes’; though in order to understand that, you must be able to view the Palestinians as people on an equal footing with the Jews and having equal rights)

    Why shouldn’t the Palestinians simply declare statehood and gain recognition at the UN? Indeed, that is exactly what Ben Gurion did – declared statehood and was immediately recognized by the US and many other countries. So why not the Palestinians?

    Can a secular state, instead of a Jewish state, be instituted that would serve everyone’s interests and not giving priority to Jews or Palestinians alone?

    What to do about the 5 million Palestinian refugees and their children? Could they be allowed to return home?

    These are all tough questions, but they are the central issues regarding peace in this region. Settle them and fuck the borders.

  111. First mention of extending FICA tax break is contained in this opinion piece from Reuters:

    Analysis: Obama, Bernanke out of ammo to boost jobs, growth
    By Alister Bull and Jonathan Spicer WASHINGTON/NEW YORK | Wed Aug 3, 2011 5:07pm EDT
    WASHINGTON/NEW YORK (Reuters) – The United States has a jobs problem and there’s not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it. In the face of rising risks of a recession that could imperil his re-election chances next year, Democrat Obama wants Congress to extend a payroll tax cut and emergency unemployment benefits that are due to expire in December. But the Republican-controlled House of Representatives is emboldened by budget concessions it made Obama swallow to lift the country’s debt limit this week and he has little political leverage to win significant fresh spending to aid growth. “Obama does not have much presidential persuasion left. He is running out of capital,” said James Thurber, of American University’s Center for Congressional and Presidential Studies. Obama’s political opponents have been openly scornful of the impact of two previous stimulus packages, which were accompanied by extraordinary measures by the Federal Reserve to kick-start the U.S. economy.

    “It seems we’ve thrown everything at it. We’ve had QE1 and QE2, Stimulus 1 and Stimulus 2, and the unemployment rate is still 9.2 percent,” said John Makin, an economist at the American Enterprise Institute in Washington. “Maybe there are just not many options here at this point,” he said. World stock markets shuddered after disappointing U.S. growth and manufacturing numbers and investors rushed to buy long-dated U.S. Treasury bonds in a move that suggests deep concerns about the economic outlook. Data on Friday is expected to confirm the U.S. unemployment rate remained stuck at 9.2 percent in July. Lawrence Summers, a top Obama adviser until last year, wrote in a Reuters column on Tuesday the odds of another U.S. recession were 1 in 3. Goldman Sachs has said a slight tick up in the unemployment rate could provide a strong recession signal…..
    http://www.reuters.com/article/2011/08/03/us-usa-policymakers-idUSTRE7725O920110803

  112. jeswezey
    August 4th, 2011 at 4:20 am

    “Why shouldn’t the Palestinians simply declare statehood and gain recognition at the UN? Indeed, that is exactly what Ben Gurion did – declared statehood and was immediately recognized by the US and many other countries. So why not the Palestinians?”
    ________________

    I will give you the answers I suspect would apply. Then defer to my fellow colleagues for value added specifics. The Palestinians could simply declare statehood and gain recognition at the UN if they agreed to compliance with the UN’s requirements i.e. i) Recognizing Israel as a state and ii) agreeing to NO violence with Israel if it becomes a state.
    ___________

    “Can a secular state, instead of a Jewish state, be instituted that would serve everyone’s interests and not giving priority to Jews or Palestinians alone?”

    Why should Israel agree to a secular state when it is they who have created a modern technological democratic state. Where is the benefit to Israel
    _____________

    “What to do about the 5 million Palestinian refugees and their children? Could they be allowed to return home?”

    Obama has appropriated $20M for Palestinian refugees lifting any restrictions on US immigration policy preventing them from entering the US.

  113. Florida women shifted from 53%/40% approval/disapproval of Obama in May to a 46/49 split today.

    http://www.quinnipiac.edu/x1297.xml?ReleaseID=1632

    AUGUST 4, 2011 – DEBT DEAL DOESN’T RESCUE OBAMA FROM FLORIDA CRASH, QUINNIPIAC UNIVERSITY POLL FINDS; ROMNEY CLOSES GAP IN 2012 PRESIDENTIAL RACE

    Word format

    The national debt ceiling deal does not rescue President Barack Obama’s crashing job approval rating in Florida as he gets a negative 44 – 51 percent score among voters surveyed August 1 – 2, after the deal was announced, compared to a negative 44 – 50 percent score among voters surveyed July 27 – 31, before the deal, according to a Quinnipiac University poll released today.

    This compares to a positive 51 – 43 percent approval rating for President Obama in a May 26 survey by the independent Quinnipiac (KWIN-uh-pe-ack) University poll.

    Florida voters surveyed after the deal say 50 – 42 percent that Obama does not deserve to be reelected, compared to a 47 – 46 percent split before the deal and 50 – 44 percent support for his reelection May 26.

    read on.

  114. “The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.”

  115. BASIL99
    August 4th, 2011 at 8:21 am

    “The last time US debt topped the size of its annual economy was in 1947 just after World War II. By 1981 it had fallen to 32.5 percent.”

    …………………………….

    Way to go Bambi , you just officially became the worst economic President since 1947.

  116. Mrs. Smith:
    “The Palestinians could simply declare statehood and gain recognition at the UN if they agreed to compliance with the UN’s requirements i.e. i) Recognizing Israel as a state and ii) agreeing to NO violence with Israel if it becomes a state.”
    ___________

    Ben Gurion issued no such pre-conditions for the existence of Israel, nor can such pre-conditions exist in the real world. Once you’re a state, you have the right to negotiate as such, ie on a par with Israel in this case. And since Israel has arrogated to itself (since the outset) the right to occupy Palestinian lands and make war with its neighbors, as any state has the right to do, this cannot be a pre-condition for the existence of the Palestinian state itself.

    **************

    “Can a secular state, instead of a Jewish state, be instituted that would serve everyone’s interests and not giving priority to Jews or Palestinians alone?”

    Why should Israel agree to a secular state when it is they who have created a modern technological democratic state. Where is the benefit to Israel?
    _____________

    Why? For the sake of justice. Deny justice and you do not have a democratic state. Democracy for just one ethnic sector, whether majority or not, is a miscarriage of justice. It is racist. The American South was operated this way for decades under Jim Crow – separate but equal and all that. Have we learned nothing?

    _______________

    “What to do about the 5 million Palestinian refugees and their children? Could they be allowed to return home?”

    Obama has appropriated $20M for Palestinian refugees lifting any restrictions on US immigration policy preventing them from entering the US.

    ******
    The question is not whether to allow the Palestinians to relocate in the US, but if they should be allowed to return to their own home – “home” being the places in today’s Israel from which they were expelled.

    Opinion on this subject is divided in Israel. Many Jews regret what was done to the Palestinians in 1947-8 and again in 1967, and since then too, with the destruction of Arab homes to be replaced with spanking new facilities for Jewish immigrants. But then again, such policies have been advanced for generations by the Right (Likud), which has no such regrets.

    Bibi is from Likud. He has the Clemenceau mindset that “Peace is the same as war but carried on by other means.” Thus the overriding concern with defensible borders and peace as a pre-condition to a settlement with the Palestinians.

    Sharon did not have this mindset, nor have many figures like Yitzhak Rabin or Shimon Perez. These people had and have a following in Israel, so I am optimistic that peace is possible. The “price” is making the effort to understand the Palestinians as people having the same rights as Jews but with interests that conflict mainly because of the historical action and current mindset of the Israeli Right.

  117. Alex Newman wrote April 29, 2011, at The New American:

    “U.S. Agents Helped Drug Trafficking,” reads a headline about the case in a Mexican newspaper — one of many. “The United States Sponsors Drug Traffickers,” declares another, noting in the opening paragraph that the ATF was recently caught supplying weaponry to the cartels in Operation Fast and Furious. “DEA and FBI allowed ‘El Vicentillo’ to traffic drugs to the U.S.,” states a third. The outrage is intense.

    Also link to Newman’s article at link below:

    http://klein.wp.wnd.com/2011/08/04/did-doj-grant-mexican-drug-cartel-carte-blanche-to-smuggle-drugs-into-u-s/

  118. jeswezey
    August 4th, 2011 at 4:20 am

    What you posted is so full of distortions and misinformation that I don’t have time to answer before going to work. All of the issues have been raised and discussed here previously.

    Your post was offensive and shows a total lack of knowledge of the facts.

  119. I received this in an email and don’t know if it is accurate.

    Subject: Wisconsin Governor was right!

    Remember the violent and disgusting demonstrations over Wisconsin Gov.
    Scott Walker doing away with the collective bargaining for teacher’s
    unions? The results are in. Some school districts went from a
    $400,000 deficit to a $1,500,000 surplus as a result. Why? It seems
    that the insurance company that provided all the “so-called” benefits
    to the teachers, was an insurance company owned and operated by the
    teacher’s union. Since they were guaranteed to get the insurance
    business from the teachers and the State had to pay for it, and not the
    teachers, they were increasing the annual costs every single year to
    become the most expensive insurance company in the state.

    Then the insurance company was donating millions and millions of
    dollars to their favorite democrat politicians, who when they got
    elected, guaranteed to keep funding the unions outrageous costs. In
    other words, the insurance company was a “pass through” for Wisconsin
    taxpayer money directly to the democrat politicians.

    Nice racket, and this is the racket that is going on in every single
    State that allows collective bargaining. No wonder the States are
    taking it away. Now that the State of Wisconsin is free to put the
    insurance contract out for bid, and lo and behold, they have saved so
    much money it has turned deficits into surplus amounts. As a result,
    none of the teachers had to be laid off, everyone got a raise, etc.,
    etc., and the taxpayers of Wisconsin don’t have to pay more taxes to
    fund the union’s political ambitions.

  120. Jesweezy-

    I agree with Carol on your posted response. You claim Justice but where is justice for Israel? Your post negates a fair and balanced approach coming from the Palistinians and furthermore, because you do not like or agree with the UN preconditions for the Palistinians, your viewpoint is a one way street.

  121. Obama Fan at His Birthday Party: ‘We’re In a Recession Right Now.’

    White House Press Secretary Jay Carney, Wednesday: “We do not believe that there is a threat there of a double-dip recession.”

    Meanwhile, an Obama supporter in Chicago Wednesday:

    Leo Henton, 52, a Boeing engineer from Seattle who was on vacation with his wife, Cynthia, said that Obama was realistic in the face of stiff Republican opposition to raising taxes and cut the best deal he could.

    “My opinion is that the deal is for 10 years and there’s a trigger,” said Henton, who was third in line. “We’re in a recession right now, or what sure looks like a recession to me. The heavy cuts will not come in for another two years. He did the wise thing in terms of the deal.”

    I suppose they could both be right if we never really emerged from the first recession, a conclusion that the persistently high unemployment rate would seem to support.

  122. Watching vid from Obama’s B-Day bash. You needed a teleprompter at your Birthday party? Seriously?

  123. Well well well, if he’s lost this blowjob queen, then he really is up the creeks.

    Arianna Huffington: Nobody Believes Obama’s Top Priority Is Jobs – It’s Getting Reelected

    In the wake of liberal disappointment over December’s budget agreement and this week’s debt ceiling deal – both not including tax hikes – there’s been a lot of squabbling from far-left media members about Barack Obama betraying them.

    On Wednesday, AOL Huffington Post editor-in-chief Arianna Huffington told MSNBC’s Lawrence O’Donnell that nobody believes the President’s top priority is jobs – it’s getting reelected (video follows with transcript and commentary)

    Yikes!

    And Arianna wasn’t the only one at the Huffington Post coming to this conclusion, as earlier in the day, Alex Wagner was Chris Matthews’ guest on “Hardball” saying equally surprising things:

    http://newsbusters.org/blogs/noel-sheppard/2011/08/03/arianna-huffington-nobody-believes-obamas-top-priority-jobs-its-getti

    ……………

    someone must be spiking the koolaid with doses of reality.

  124. While the cotton picker and his family spend play squander our hard earned money the one we could and will have is working hard trying to save our nation and what used to be the almighty US Dollar.

    _Public Schedule for August 4, 2011

    Public Schedule
    Washington, DC

    August 4, 2011

    SECRETARY HILLARY RODHAM CLINTON

    9:15 a.m. Secretary Clinton meets with the assistant secretaries of the regional bureaus, at the Department of State.
    (CLOSED PRESS COVERAGE)

    12:30 p.m. Secretary Clinton attends a meeting at the White House.
    (MEDIA DETERMINED BY WHITE HOUSE)

    2:45 p.m. Secretary Clinton holds a bilateral meeting with Canadian Foreign Minister John Baird, at the Department of State.
    (JOINT PRESS AVAILABILITY FOLLOWING BILATERAL MEETING AT APPROXIMATELY 3:20 P.M.)
    Pre-set time for video cameras: 2:30 p.m. from the 23rd Street Entrance Lobby.
    Final access time for journalists and still photographers: 3:05 p.m. from the 23rd Street Entrance Lobby.

    4:00 p.m. Secretary Clinton meets with former Secretary of State Colin Powell, at the Department of State__________________________________________________

  125. “someone must be spiking the koolaid with doses of reality.”
    ______________

    Or, it’s contract renewal time between the WH and their Big Media propaganda machines.

  126. and now for the really scary bit

    Analysis: Obama, Bernanke out of ammo to boost jobs and growth

    The United States has a jobs problem and there’s not a lot President Barack Obama or Federal Reserve Chairman Ben Bernanke can do about it.

    In the face of rising risks of a recession that could imperil his re-election chances next year, Democrat Obama wants Congress to extend a payroll tax cut and emergency unemployment benefits that are due to expire in December.

    But the Republican-controlled House of Representatives is emboldened by budget concessions it made Obama swallow to lift the country’s debt limit this week and he has little political leverage to win significant fresh spending to aid growth.

    “Obama does not have much presidential persuasion left. He is running out of capital,” said James Thurber, of American University’s Center for Congressional and Presidential Studies.

    Obama’s political opponents have been openly scornful of the impact of two previous stimulus packages, which were accompanied by extraordinary measures by the Federal Reserve to kick-start the U.S. economy.

    “It seems we’ve thrown everything at it. We’ve had QE1 and QE2, Stimulus 1 and Stimulus 2, and the unemployment rate is still 9.2 percent,” said John Makin, an economist at the American Enterprise Institute in Washington. “Maybe there are just not many options here at this point,” he said.

    World stock markets shuddered after disappointing U.S. growth and manufacturing numbers and investors rushed to buy long-dated U.S. Treasury bonds in a move that suggests deep concerns about the economic outlook.

    Data on Friday is expected to confirm the U.S. unemployment rate remained stuck at 9.2 percent in July.

    Lawrence Summers, a top Obama adviser until last year, wrote in a Reuters column on Tuesday the odds of another U.S. recession were 1 in 3. Goldman Sachs has said a slight tick up in the unemployment rate could provide a strong recession signal.

    read on.

    http://www.reuters.com/article/2011/08/03/us-usa-policymakers-idUSTRE7725O920110803

  127. “Jeffrey Immelt, the head of Barack Obama’s highly touted “Jobs Council”, is moving even more GE infrastructure to China. GE makes more medical-imaging machines than anyone else in the world, and now GE has announced that it “is moving the headquarters of its 115-year-old X-ray business to Beijing”. Apparently, this is all part of a “plan to invest about $2 billion across China” over the next few years. But moving core pieces of its business overseas is nothing new for GE. Under Immelt, GE has shipped tens of thousands of good jobs out of the United State”

    http://theeconomiccollapseblog.com/archives/ge-ceo-jeffrey-immelt-the-head-of-obamas-jobs-council-is-moving-jobs-and-economic-infrastructure-to-china-at-a-blistering-pace

    This country is throwing trillions of $$ down a rat hole fighting “foreign terrists”, 16-23 trillion $$ given to US and foreign banks, while the infrastructure of the US is being systematically dismantled from the inside. If I were paranoid, I would think that there is a plan to reduce the US to a third world economy.

  128. Carol:
    “What you posted is so full of distortions and misinformation that I don’t have time to answer before going to work. All of the issues have been raised and discussed here previously.

    Your post was offensive and shows a total lack of knowledge of the facts.”
    ******

    Sorry, but you have to do better than just declare me ‘offensive’ and lacking in knowledge. I’ve scoured my post for signs of something that would offend your sensibilities, but find nothing.

    As for lacking knowledge, I am always ready to acknowledge my own ignorance; but if you are unable to give any contradictory facts yourself, I suggest you take stock of your own ignorance.

    My statements are based not on ethnic prejudice, and not just on newspaper clippings either, but on visits to Israel and the occupied territories where, for professional reasons, I was called upon to trace out the Soviet inroads into the Middle East in general, which were mainly laid in the Palestinian territories and Israel’s neighbors, and I thereby came into intimate contact with both sides in this longstanding dispute.

    My thinking is also tempered, or perhaps radicalized, by a lifelong study of history and political science. The situation in Israel is not without parallels elsewhere.

    None of this makes me a god in this matter, but I would much appreciate not being dismissed so lightly.

    ************************
    Mrs. Smith:
    “I agree with Carol on your posted response. You claim Justice but where is justice for Israel? Your post negates a fair and balanced approach coming from the Palistinians and furthermore, because you do not like or agree with the UN preconditions for the Palistinians, your viewpoint is a one way street.”

    ****

    Justice is universal. The Jews of Israel have the legislative, executive and judicial powers in their hands, so there is no need to claim Justice for them. With respect to the occupied territories, Israel is the occupier with the only military force. And they want the proposed Palestinian state to forgo military force, while they retain it? This is like telling the Czechs in 1938, or the Poles in 1939, that they have to forgo force if they want to be treated fairly.

    I realize that comparison with Hitler will go down here as “offensive”, but the equation of the Star of David with the Swastika has been plastered ad infinitum on walls around the world, and there is a reason for that.

    I prefer to stick to my comparison with the Separate But Equal treatment of an ethnic minority in the pre-1960’s South. The Whites had the legislative, executive and judicial branches of government well in hand, claimed Separate But Equal was Justice, but after about 60 years of that, MLK came along and the Blacks began to realize that Separate But Equal was not Justice at all. It took us that long.

    As I aside, Justice is universal. Some have it, but others don’t and when Justice is refused to some, then there is no Justice at all.

  129. Lev Raphael

    My Three Favorite Excuses for Obama’s Epic Failures

    8/3/11

    My lawn sported the first Obama sign in our mid-Michigan neighborhood, even before the local campaign office had them available. I did more to support him than I had ever done for any presidential candidate.

    I was convinced he would be a better president than Hillary Clinton. I was dead wrong. Voting for him in the primary was one of the biggest mistakes of my political life. He has turned out to be one of the worst presidents of recent times — not actively horrible as Bush was, but passively so. The debt ceiling debacle proves it to me, not that I needed any more proof of his incompetence.

    But every time Obama gets criticized even by people like me who voted for him, the excuses roll out from diehard supporters.

    Here are my favorites:

    Give him time. I heard this a lot in the early days, hell, even after a year and a half, especially about gay issues and closing Gitmo. “Give him time, the country’s in a state of economic crisis.” What bothered me about it still bothers me: Obama isn’t running the country single-handedly, because if he were, he’d be like Lucy Ricardo working on the line at that candy factory. He has a cabinet and advisers and government departments. Is he unable to delegate and multitask?

    He’s not a dictator. “Obama is only the president, he can’t do whatever he likes, he has to compromise with Congress, this is a democracy, his powers are very limited.” Really? Even when he had a democratic Congress he couldn’t accomplish more? What about the way Bush rammed things through Congress? Did the Imperial Presidency disappear overnight when Obama was inaugurated? The dictator argument is a straw man. Nobody’s expecting him to be Hitler. We do expect him to lead, to inspire, to act.

    He’s trapping the GOP. This is the saddest one: “All the compromises that have made progressives angry, what they’ve really been doing is showing the American people how crazy and intractable the GOP is.” It’s all apparently a canny strategy to destroy the GOP’s credibility and Obama is a master strategist, a Svengali who’s baiting a giant trap for the GOP. Wait till the election! Wait till his second term! That of course brings us back to excuse no. 1.

    I dismissed Hillary Clinton’s jibe that Obama wasn’t much more than a good speech, but I realize to my profound regret that she was right. He can give a good speech now and then, though most of the time he drones. It’s pretty clear that Obama is a prime example of the Peter Principle: he’s risen to his level of incompetence. He is, as described by Jim Garrison back on The Huffington Post in February, truly Obama the Feckless.

    http://www.huffingtonpost.com/lev-raphael/my-favorite-excuses-for-o_b_917117.html

    ————————

    These idiots who now have buyer’s remorse get on my nerves.

  130. and so it begins

    CA Dem Party progressives explore primary challenge to Obama

    There have long been rumblings that the liberal base is ticked off at President Obama, but the Progressive Caucus of the California Democratic Party just put that frustration into writing: They’ve passed a resolution exploring calling for a primary challenge to Obama.

    Now, this is largely symbolic, but it’s heavy nonetheless. They’re ticked that Obama hasn’t ditched the Bush tax cuts, has continued drone attacks overseas, and hasn’t ended the foreclosure crisis, among other sins listed below. The straw that broke their collective caucus backs, Caucus chair Karen Bernal told us Wednesday, was Obama’s — as the resolution put it — “unilateral closed-door budget offer to slash Social Security, Medicare, and Medicaid, which endangers the New Deal and War on Poverty safety nets.”

    “Our silence,” Bernal told us, “is a price that’s too high to pay.”

    So last weekend — July 30 — at a meeting in Anaheim, the Prog Caucus broke their silence.

    But doesn’t Bernal remember when Teddy Kennedy challenged incumbent Prez Jimmy Carter in 1980…who lost to President Reagan later that year? Isn’t she afraid that, as a Democrat, a primary challenge could weaken Obama and possibly lead to a Republican president?

    “We already have one in so many of his policies,” Bernal said.

    Ouch.

    Actually, the resolution itself is a bit more restrained — or nuanced, if you prefer — than that. Passed last weekend, it says that the Caucus will begin the process of contacting other Democratic organizations, Democratic Party members and public organizations that share our views on the issues and which seek to alter the course of history by exploring other steps to effect a necessary change, including a possible primary challenge to President Obama.”

    Bernal doesn’t plan to ask the full California Democratic Party to approve the resolution. It was meant more as a statement of conscience than a desire to back a rival to Obama, she said. “Is there a sense of desperation in this?” Bernal said. “I would have to say yes.”

    The caucus, according to a spokesman, hopes that “Obama would rework his priorities to respond to the needs of working class Americans in order to get progressive support in 2012.”

    California Democratic Party chair John Burton — who supported Kennedy versus Carter in 1980 — told us that he doesn’t agree with this resolution.

    Caressing the Queen’s English in a way that only the Chairman can, Burton told us that he doesn’t think that a primary challenge to Obama will help the president’s re-election chances.

    “F—- no, what is that going to do?” Burton told us.

    So a little competition won’t help Obama advocate more strongly for core Democratic Party principles?

    “Yeah, I’m sure. If the debt limit (debate) showed something, it showed what an absolute f—— disaster it would have been if there had been a Republican president,” Burton said. “The people who sat on their hands or voted Republican in 2010, most of them are going through buyer’s remorse right now.”

    What about the frustration the liberal base — and the Caucus — feels about the war and…

    “A lot of people are frustrated about the war. People talk about cutting Social Security and they’re not talking about paying for the war. People are frustrated about a ton of stuff,” he said.

    “It’s how they feel. There’s discontent,” Burton said. “There’s a frustration in the country. Look at the f—— polls. So f—, that’s news to somebody?”

    But couldn’t this be damaging to Obama, coming from his safe blue haven in California?

    (The resolution) “is a reflection on the part of liberals in the California (Democratic) Party to the point that they talk about or fantasize about a primary challenge with the hope that it will end the war, have a single-payer health plan, do away with the Bush tax cuts, take Social Security tax cuts off the table,” Burton said.

    Here’s the full resolution:

    WHEREAS, the Progressive Caucus of the California Democratic Party recognizes the challenge presented by President Obama’s negotiating away Democratic Party principles to extremist Republicans, we are challenged by President Obama in the following ways:

    His unilateral closed-door budget offer to slash Social Security, Medicare, and Medicaid, which endangers the New Deal and War on Poverty safety nets.

    His determination to escalate U.S. militarism through illegal secret CIA drone attacks and unauthorized wars.

    His willingness to extend the Bush tax cuts for millionaires and bail out big banks without ending the foreclosure crisis that displaces American working families
    .

    His insistence on pushing a health insurance bill which enriches private insurance companies while ignoring growing support for single-payer health care or robust public options.

    His continuance of President Bush’s assault on civil liberties with an extension of the repressive Patriot Act.

    His failure to restore due process, including the protection of whistleblowers and habeas corpus.

    His numerous failures to adhere to international law.

    The continuing practice of nationwide FBI raids of anti-war progressive protestors.

    His decision to increase the arrests and deportations of undocumented workers.

    His facilitation of the privatizing of the public sphere, which includes education and housing, among others.

    His disregard of his promises to the Labor movement.

    His failure to adequately protect the environment and adequately address climate change.

    WHEREAS, the Progressive Caucus of the California Democratic Party recognizes the historical significance of the Eugene McCarthy/Robert F. Kennedy anti-war challenge to President Lyndon Johnson. The challenge followed President Johnson’s decision to escalate U.S. military involvement in Vietnam, betraying his campaign promise to end a war that polarized America. Similarly, we recognize the danger and betrayal that the current “Grand Bargain” represents to the legacy of Franklin Delano Roosevelt’s signature gift to all Americans, Social Security and the New Deal, a point of pride for all Democrats.

    WHEREAS, the Progressive Caucus of the California Democratic Party is committed to the understanding that an interest in a 2012 Democratic presidential primary challenge will not interfere with President Obama’s ability to govern and not limit his ability to do so in ways that include invoking Constitutional options, we recognize that this will, in fact, raise debate on important issues without risking the ability to mobilize and energize the base of the Democratic Party to elect a triumphant leader to counter the far-right agenda.

    THEREFORE, BE IT RESOLVED, to make our views heard, the Progressive Caucus of the California Democratic Party will begin the process of contacting other Democratic organizations, Democratic Party members and public organizations that share our views on the issues and which seek to alter the course of history by exploring other steps to effect a necessary change, including a possible primary challenge to President Obama.

    http://www.sfgate.com/cgi-bin/blogs/nov05election/detail?entry_id=94646&tsp=1

  131. Obama aide, yesterday: “He doesn’t look a day over 35!” Michelle Obama to donors, today: “He’s earning every last one of those gray hairs.”

    ……………………………..

    Pass the bucket, I’m about to hurl.

  132. I am getting the feeling someone else mentioned a while ago here — was it Mrs Smith? – the feeling of dread that something awful is about to happen.

    I hope it’s just some passing noxious miasma from u-no-hu’s bday that is giving me that vibe.

  133. Hey, the Dow is down 270, FTSE down 3% but I’m sure tomorrow’s unemployment rate report will cheer them right back up!

    Jesus wept, it just goes from bad to worse.

  134. FTSE 100 closes 3.4% down, fall of 191 points, which means the Dow will more than likely head south faster than a hooker at a political convention.

  135. JanH
    August 4th, 2011 at 11:25 am
    Lev Raphael

    My Three Favorite Excuses for Obama’s Epic Failures

    These idiots who now have buyer’s remorse get on my nerves.
    &&&&&&&

    Agreed. If they were like 13 years old, I’d understand that they don’t know enough about politics to avoid getting conned.

    But the people griping about Obama after voting for him should have known better.

    First term Senator with one meager year’s experience? His credentials was “community organizer”, short-lived voted-“present” state senator, gave-a-good-speech-in-2004, and the freshmen 1/3 of a term senator. Is that good enough for you?

    Here, we weren’t taken in for a moment. We smelled a rat just like someone from Nigeria telling me they need to transfer $500,000 into my bank account, and all I have to do is send them a meager $10,000 to “secure the transaction”… Yeah, right. Make me laugh.

    Obama is just like that. He’s a scam.

  136. While Obama parties hardy…Dow drop in debt talks exceeds TARP loss

    http://thehill.com/blogs/on-the-money/801-economy/175461-dows-march-downward-surpasses-dramatic-tarp-decline

    The Dow Jones Industrial Average has lost more points in the last two weeks than it did after the House initially failed to approve a bailout of U.S. banks at the height of the financial crisis in 2008.

    After early trading on Thursday, the Dow had lost 899 points since July 25, the first day of trading after talks between President Obama and Speaker John Boehner (R-Ohio) on a big debt deal broke off.

    The Dow lost 819 points on Oct. 6, 2008, when the House failed to approve the Troubled Asset Relief Program (TARP).

    All three major stock indexes posted large losses in early trading on Thursday as investors fretted about a widening debt crisis in Europe and poor economic news in the U.S. Roughly an hour into the day’s trading, the Dow had lost over 200 points. The stock market has steadily lost value over the last two weeks, exhibiting slight gains in just one of the last nine trading days.

    Many in Washington had once thought that a debt deal, which Obama signed into law on Tuesday, could provide a spark for Wall Street. That hasn’t been the case.

    Proportionally, the 2008 collapse still holds an edge over the losses markets have experienced over the past two week.

    The Dow lost a maximum of 7.93 percent of its value in that single drop, while the steady Dow decline over the last nine trading days has resulted in a loss of roughly 7.1 percent.

    Many observers of the debt-limit fight wondered if an extreme market event would be needed to push policymakers to reach an agreement. While such dramatics did not develop and D.C. was able to strike a deal in time to avoid a default, the debt-limit fight and broader concerns about the flagging economic recovery have taken a toll on stocks.

    The 2011 debt battle played out against a backdrop of continually disappointing economic data, as both jobs reports and reports on economic growth have disappointed, painting a picture of a recovery that has lost steam. Further driving concerns is the fact that the debt package so far consists exclusively of cuts, ending any hope that the federal government would be offering further direct stimulus to the economy.

    In terms of recent market turmoil, the “Flash Crash” of May 2010 still holds the overall title. On May 6, 2010, the Dow lost roughly 900 points, including 600 in about five minutes, only to see much of those losses reversed just minutes later. Financial regulators later attributed that extreme fluctuation largely to high-frequency traders whose aggressive selling led to a snowball effect throughout the market.

    …………………….

    Batten down the hatches folks, this is going to get ugly.

  137. ABM90
    August 4th, 2011 at 10:54 am
    While the cotton picker and his family spend play squander our hard earned money the one we could and will have is working hard trying to save our nation and what used to be the almighty US Dollar.
    &&&&&

    The poor dear, she doesn’t even have time to fit in nine holes of golf…

  138. Well this would be one welcome consequence. Obamacare about to get gutted?

    Deal Could Endanger Health Care Law

    The debt ceiling agreement could jeopardize millions of dollars, and perhaps billions, in initiatives from President Barack Obama’s health care reform law if the super committee can’t come up with required spending cuts.

    Many of the pots of money in the law — one of the Democrats’ most prized pieces of legislation — could get trimmed by the debt deal’s sequestration, or triggered cuts. The funds for prevention programs and community health centers, grants to help states set up insurance exchanges and co-ops, and money to help states review insurance rates could be slashed across the board if the panel can’t find enough cuts this fall.

    http://www.politico.com/news/stories/0811/60634.html

  139. BASIL99
    August 3rd, 2011 at 7:34 pm
    BASIL99
    Your comment is awaiting moderation. Don’t worry, it might simply be an overactive spam filter.
    August 3rd, 2011 at 7:34 pm

    From Bloomberg Auigust 3, 2011.

    “Announced U.S. Job Cuts Jumped 59% in July”

    “Employers in the U.S. announced the largest number of job cuts in July in 16 months, signaling a labor market that’s struggling to improve.
    &&&&&&&&

    Part of it obviously is the Economic Recovery That Wasn’t, because of the scattershot stimulus package.

    Another factor may be “Obama’s signature achievement”, his deplorable and again ill-focused health scare bill. Employers are doing the math and looking at their obligations to provide health through 2014 and beyond.

    Other factors include longer term trends toward automation and off-shoring jobs to cheaper labor markets.

    But the first two are on Obama. He never spent the time to get good bills, he outsourced the details and said, “Pass this to make me look good and Historical”.

  140. JanH
    August 4th, 2011 at 11:25 am
    Lev Raphael

    My Three Favorite Excuses for Obama’s Epic Failures

    These idiots who now have buyer’s remorse get on my nerves.

    Somebody over at Uppity noticed that Lev Raphael implied that he voted for Obama in the Michigan primary — Obama wasn’t on the ballot. Weird.

  141. jeswezey
    August 4th, 2011 at 11:13 am

    I stand by my earlier statement and when I have time later I will repost some factual history of middle east history.

  142. excuse me…that should be….the middle east.

    Maybe Jan has time or energy to deal with this and call it what it is…..

  143. Moon

    CA Dem Party progressives explore primary challenge to Obama

    ——–

    I hope the thread gets pulled a lot harder than this…

  144. WTF??? So, he doesn’t have to raise campaign money, he can just use our tax money to pay his way???

    Taxpayers Will Pay for Obama Bus Tour of Battleground States, Says White House
    Wednesday, August 03, 2011

    (CNSNews.com) – President Barack Obama’s upcoming bus tour through the Midwest states typically viewed as swing states during presidential election years will be paid for by the taxpayers, the White House says.

    http://www.cnsnews.com/news/article/taxpayers-cover-obama-bus-tour-midwest-b

  145. Currently DJIA appears to be headed for -400; a check of Rasmussen revealed this:
    Just 14% believe the United States is generally heading in the right direction . That’s down from 17% a week ago, 21% the week before, and 25% the week before that. It’s also the lowest since the week before Barack Obama won the 2008 election.
    http://www.rasmussenreports.com/public_content/politics/obama_administration/daily_presidential_tracking_poll

    What goes around truly truly comes around. I wonder if President is toasting himself on this day for I’m recalling how GWB bragged that he got the trifecta.

  146. Taxpayers Will Pay for Obama Bus Tour of Battleground States, Says White House
    —————–
    This could be very interesting; I’d pay to see what really happens when Clueless hits the ground shouting ‘It’s all about jobs, folks.’ It will certainly top that no news Public Service ad with MO telling us that it’s not only the soldiers who sacrifice – the families do too – and and we need to be supportive of them.
    Just feel so good now that there’s indication the two of them might be on board where some things American are concerned.
    [Don’t worry. I really know better than to believe the previous statement.]

  147. Shadowfax
    August 4th, 2011 at 1:43 pm

    No doubt he’ll be appearing with at least 100 of his entourage (paid audience cheerleaders) And hopefully wearing a rotten tomoato proof suit when he starts enumerating the dream jobs he’s created over the last 3.8 years.

  148. ….and Mrs. S – he will need to spend even more of our tax money to pay for rockstar entertainment to even get some of the intellectually ‘innocent’ to even ‘fill up’ the seats for his photo ops.

  149. WHERE’S MARILYN?

    We need her to coo: “Happy Birthday, Mr. President, Happy Birthday to you”.

    And his present? -6.2, worst RCP for him yet:

    RCP Avg 7/17-8/3 44.0 50.2 -6.2
    Gallup 8/1-3 41 51 -10
    Rasmussen 8/1-3 45 54 -9
    CNN/OpR 8/1 45 52 -7
    Pew Rese 7/20-24 44 48 -4
    FOX News 7/17-19 45 46 -1

  150. Oh, and the -4 and-1 are the oldest polls.

    Hey, I thought Fox News slanted everything against Liberals??

  151. 3 words…Oprah : Fuck off.

    Oprah: Obama’s ‘the right man for the job’

    Winfrey, who is beginning a new chapter in life following the sunset of her monster-hit show, told POLITICO she would be “happy to be of service” to Obama for his reelection campaign.

    “I supported Barack Obama in 2008 because I believed then as I do now that he is the right man for the job,” Winfrey said in a statement. “I wanted to share my enthusiasm for his candidacy in hopes that others would see what I saw in him.”

    http://www.politico.com/blogs/click/0811/Oprah_Obamas_the_right_man_for_the_job.html?showall

    ……………….

    I wish she would just go away.

  152. Oprah: Obama’s ‘the right man for the job’

    Politico ^ | Aug. 4, 2011 | Abby Phillip

    Winfrey, who is beginning a new chapter in life following the sunset of her monster-hit show, told POLITICO she would be “happy to be of service” to Obama for his reelection campaign.

    “I supported Barack Obama in 2008 because I believed then as I do now that he is the right man for the job,” Winfrey said in a statement. “I wanted to share my enthusiasm for his candidacy in hopes that others would see what I saw in him.”

    http://www.politico.com/blogs/click/0811/Oprah_Obamas_the_right_man_for_the_job.html?showall

    ___________________

    Reader Comments (141)
    1.

    Was there any doubt that that racist old hag would support Obama?
    Posted By: Mike | August 04, 2011 at 07:28 AM

    2.

    Wow, what a shock! This led to your downfall, OldFart Windbag-you tried to use your past influence on unsuspecting women and gays to sway the election-well, it aint happening THIS time-everybody knows O’bozos a friggin unmitigated DISASTER, and so is your career!
    Posted By: OprahSucks! | August 04, 2011 at 12:18 PM

    3.

    If the job is intentionally destroying America, then, YES, Obama’s your boy.
    Posted By: RogerCfromSD | August 04, 2011 at 12:39 PM

    4.

    He is about to be a part of history as is the BIG O. Good riddance to you both.
    Posted By: MikeP | August 04, 2011 at 01:17 PM

    5.

    As long as the job is “decimating the US economy, destroying our reputation across the world, and reducing American influence globally”, then yes…Obama is the right man…
    Posted By: William Bedloe | August 04, 2011 at 01:18 PM

    6.

    She might as well stand by a convicted felon. This guy is worse than W – and let me tell you – that is effing awful.
    Posted By: DavosSherman | August 04, 2011 at 01:18 PM

    7.

    No offense Oprah, but the rest of us cannot afford him .
    Posted By: jess | August 04, 2011 at 01:20 PM

    8.

    No offense Oprah, but the rest of us cannot afford him .
    Posted By: jess | August 04, 2011 at 01:21 PM

    9.

    I should care about what Oprah Winfrey “thinks”…? Uh, sorry…but no.
    Posted By: MDWhite | August 04, 2011 at 01:23 PM

    10.

    Oprah back Obama……because he’s black. See how it works, boys and girls?
    Posted By: Steve in AZ | August 04, 2011 at 01:24 PM

    11.

    who dat light skin sista and where dat fat oprah at she use be black as night
    Posted By: Rafael | August 04, 2011 at 01:24 PM

    12.

    What a surprise. This old has-been supporting anotherold has-been, and a has-been with flour in his hair to create an image of one working and worrying. i’m shocked!
    Posted By: Annie | August 04, 2011 at 01:24 PM

    13.

    We’re now being lectured by Russia and China about our reckless spending under this Marxist disaster. If that’s what you were looking for in a President, then Oprah, you got it! Thankfully their won’t be as many voting for him based on color alone, now that he has a pathetic record to actually run on. Now the world knows why this man never ran anything before and only voted “present” as a Senator on both the state and federal level. He’s clueless.
    Posted By: Richard | August 04, 2011 at 01:25 PM

    14.

    Its funny that she said that she wasn’t going to get into politics, when asked why wasn’t Sarah Palin invited to come on show. She is the most racists person on TV. All the while she claims to be so enlightened. She makes me want to puke.
    Posted By: Neal R. | August 04, 2011 at 01:30 PM

  153. OMG- moononpluto- this is the third time…we’ve posted the same post within minutes… Must be your satellite dish signal sending mental messages-

  154. For anyone that missed Trump on Greta last night…this is depressing and confirms what we all know:

    Trump: Debt Deal ‘Launched Obama’s Presidency’

    Donald Trump says although the GOP tried hard to reach a productive debt-reduction compromise they didn’t hammer out a good deal. The billionaire real estate mogul also told Fox News’ Greta Van Susteren Wednesday the biggest problem with the agreement is provisions will be in place past the 2012 presidential elections — and “it launched Obama’s presidency.”

    “I think the Republicans tried hard, but they didn’t make a good deal — they did very little cutting,” Trump said. “But the worst thing of all — and they could have had, and it was the one thing Obama wanted — he wanted to bring it past the election because if they had this come due again before the election, he could not have been re-elected. And why they agreed to that, I have no idea.

    “But in addition to that — very little cutting — and of course, they don’t even talk about the Bush tax cuts because in ‘13, they expire, so taxes are going to go through the roof,” he said. “So I don’t understand — you know, people are saying the Republicans made a good deal. I don’t think they made a good deal — and people are finding out they didn’t make a good deal, Greta.”

    Van Susteren asked Trump what he would have done to make the debt deal more substantive.

    “First of all, I would have had Obamacare as part of it — I would have gotten rid of Obamacare,” Trump said. “I have people that are going to close up their businesses, friends of mine. So I would have gotten rid of that — and I would have gotten much bigger cutting.”

    Trump reiterated that GOP leaders dropped the ball forging an agreement before the 2012 presidential elections.

    “They really didn’t get it — they didn’t make the right deal,” he said. “And they really launched Obama’s presidency because this is not going to come up again before his president — it comes up after the presidency. What are they doing?”

    Trump said that, in reality, the Democrats came out ahead.

    “Well, I actually think that the Democrats made a better deal than the Republicans because the cuts weren’t deep, like they were supposed to be, and the big thing was the presidential race gets — you know, really, I mean, he can win this race much easier now,” he said. “Look, the Republicans, to really do it right, have to take over the presidency. They could have taken over the presidency if they made this a little bit shorter, so instead of coming due after the election, it came due before the election.”

    Read more on Newsmax.com: Trump: Debt Deal ‘Launched Obama’s Presidency’

  155. 6.

    She might as well stand by a convicted felon. This guy is worse than W – and let me tell you – that is effing awful.
    Posted By: DavosSherman | August 04, 2011 at 01:18 PM

    ——–

    There is no bond stronger than the race card bond.

  156. DOW plunges 400 points in panic selloff

    Must be because when Carney announced Obama is going off
    on the campaign trail, investors panicked.

    ——–

    I wished I had money in the stock market to worry about instead of just the threat of being laid off.

  157. Obama spreads false claim that Thomas Jefferson hosted first Ramadan iftar dinner at White House

    The State Department retails the PC myth in this article, “Thomas Jefferson’s Iftar,” July 29. Nor is this the first time this falsehood has gone around: the State announcement quotes Barack Obama saying last year: “Ramadan is a reminder that Islam has always been a part of America. The first Muslim ambassador to the United States, from Tunisia, was hosted by President Jefferson, who arranged a sunset dinner for his guest because it was Ramadan — making it the first known iftar at the White House, more than 200 years ago.”

    Longtime Jihad Watch writer Hugh Fitzgerald busted this myth in his piece “Barack Obama, The New York Times, that Iftar Dinner, and the rewriting of history,” which was first published here at Jihad Watch on August 26, 2010. Here it is again:

    Barack Obama, The New York Times, that Iftar Dinner, and the rewriting of history
    by Hugh Fitzgerald

    “The first Muslim ambassador to the United States, from Tunisia, was hosted by President Jefferson, who arranged a sunset dinner for his guest because it was Ramadan — making it the first known iftar at the White House, more than 200 years ago.” — Barack Obama, speaking on August 14, 2010, at the “Annual Iftar Dinner” at the White House

    Really? Is that what happened? Was there a “first known iftar at the White House” given by none other than President Thomas Jefferson for the “first Muslim ambassador to the United States”? That’s what Barack Obama and his dutiful speechwriters told the Muslims in attendance at the 2010 “Annual Iftar Dinner,” knowing full well that the remarks would be published for all to see. Apparently Obama, and those who wrote this speech for him, and others who vetted it, find nothing wrong with attempting to convince Americans, as part of their policy of trying to win Muslim hearts and Muslim minds, that American history itself can be rewritten. A little insidious nunc pro tunc backdating, to rewrite American history. And that rewrite of American history has the goal of convincing Americans, in order to please Muslims, that the United States and Islam, that Americans and Muslims, go way back.

    As Obama so unforgettably put it in his Cairo Speech (possibly the most inaccurate, the most cavalier about historical truth, of any speech by any President in American history):

    As a student of history, I also know civilization’s debt to Islam. It was Islam — at places like Al-Azhar — that carried the light of learning through so many centuries, paving the way for Europe’s Renaissance and Enlightenment. It was innovation in Muslim communities — (applause) — it was innovation in Muslim communities that developed the order of algebra; our magnetic compass and tools of navigation; our mastery of pens and printing; our understanding of how disease spreads and how it can be healed. Islamic culture has given us majestic arches and soaring spires; timeless poetry and cherished music; elegant calligraphy and places of peaceful contemplation. And throughout history, Islam has demonstrated through words and deeds the possibilities of religious tolerance and racial equality. (Applause.)

    I also know that Islam has always been a part of America’s story. The first nation to recognize my country was Morocco. In signing the Treaty of Tripoli in 1796, our second President, John Adams, wrote, “The United States has in itself no character of enmity against the laws, religion or tranquility of Muslims.” And since our founding, American Muslims have enriched the United States. They have fought in our wars, they have served in our government, they have stood for civil rights, they have started businesses, they have taught at our universities, they’ve excelled in our sports arenas, they’ve won Nobel Prizes, built our tallest building, and lit the Olympic Torch. And when the first Muslim American was recently elected to Congress, he took the oath to defend our Constitution using the same Holy Koran that one of our Founding Fathers — Thomas Jefferson — kept in his personal library. (Applause.)

    We could go through those two appalling paragraphs with such historians and keen students of history as Gibbon, John Quincy Adams, Tocqueville, Jacob Burckhardt, and Winston Churchill, but that is for another occasion. We could point out that the highly selective quotation – for example from John Adams, whose views on Islam are falsely implied by quoting such a statement as “the United States has in itself no character of enmity against the laws, religion or tranquility of Muslims” which was mere pleasing rhetoric, and that phrase “in itself” left open the possibility of other reasons for enmity, including Muslim hostility. Not John Adams himself but his son John Quincy Adams (our most learned President), who was far more knowledgeable about Islam, was to write about that:

    The precept of the koran is, perpetual war against all who deny, that Mahomet is the prophet of God. The vanquished may purchase their lives, by the payment of tribute; the victorious may be appeased by a false and delusive promise of peace; and the faithful follower of the prophet, may submit to the imperious necessities of defeat: but the command to propagate the Moslem creed by the sword is always obligatory, when it can be made effective. The commands of the prophet may be performed alike, by fraud, or by force.

    But John Adams himself drew conclusions about Muslims and Islam that were far from favorable. John Adams’ unfavorable view of Islam was obscured and turned on its head by Obama, in quoting that single phrase that was part of negotiations-cum-treaty designed to free American ships and seaman from the ever-present threat of attack by Muslim pirates in North Africa (known to history as the Barbary Pirates). John Adams’ unfavorable view of Islam was shared by all those who, in the young Republic, had any dealings at all with Muslim envoys. Thomas Jefferson had a copy of the Qur’an in his library not because he was an admirer of that book, or the faith of Islam, but because he was both curious and cultivated. Muslim Congressman Keith Ellison used Jefferson’s own copy of the Qur’an. Yet that copy, since it was translated into English by George Sale, has for most devout Muslims no validity whatsoever, for the Qur’an must be read and understood in Arabic. A Qur’an in a language other than Arabic cannot even be called the “Holy Qur’an,” though apparently Obama, and his speechwriters, did not know this, in their fulsome description of Jefferson’s copy of the Sale translation that was appropriated by Representative Ellison for his own crude and transparent political ploy. Obama wrongly refers to Sales’ version as the “Holy Qur’an,” and every Muslim at that dinner knew such a book could not possibly be called that. A small mistake, but then there are so many mistakes, and Obama and his speechwriters are so eager to please, and yet so ignorant withal, that these mistakes add up.

    There is not a single American statesman or traveler or diplomat in the days of the early Republic who had a good word for Islam. Look high, look low, consult whatever you want in the National Archives or the Library of Congress, and you will not find any such testimony. And the very idea that someday Muslims, adherents of the fanatical faith of Islam, would be here and would dare to invoke the Freedom of Conscience that is guaranteed by our First Amendment, through both the Free Exercise and Establishment Clauses, would have struck them as impossible. For everyone knew then, as so many now apparently do not know, that Islam itself inculcates not freedom of conscience, but blind, unquestioning submission of the individual Muslim to Authority, that is, the Authority of the Qur’an, as glossed by the Sunnah, and the Authority of the Shari’a, the Holy Law of Islam to which all Muslim law codes are supposed to aspire and, ideally, to be modeled on, the Holy Law which embodies, in codified form, the texts and tenets and attitudes of Islam. This, too, Barack Obama and his speechwriters, and such people as John Brennan, Deputy Special Assistant For Homeland Security and Terrorism to the President, apparently do not know.

    more at link:

    http://www.jihadwatch.org/2011/08/obama-spreads-false-claim-that-thomas-jefferson-hosted-first-ramadan-iftar-dinner-at-white-house.html

  158. Carol,

    I’ve gone so many rounds on this topic and gotten nowhere with this poster. He/She continues to provide narrow-minded responses without looking into the true history of our people in the holy land.

    As far as I’m concerned, I’m just going to ignore this poster from now on.

    As far as the Palestinian question goes, it amazes me that a group that supposedly never existed/was called this name have now been elevated to such high status.

  159. “And throughout history, Islam has demonstrated through words and deeds the possibilities of religious tolerance and racial equality. (Applause.)”

    —————

    Seriously?

  160. Shadowfax
    August 4th, 2011 at 3:46 pm

    Anyone who had money in the stock market in 07′ and 08′ has lost it all to the greedy Banksters. My little pot of gold is worth about $2.98 now that that the market has turned into a market for the Rich and not the blind penny stock investor of years past.

  161. #
    JanH
    August 4th, 2011 at 4:13 pm

    “And throughout history, Islam has demonstrated through words and deeds the possibilities of religious tolerance and racial equality. (Applause.)”

    —————

    Seriously?
    ______________

    Seriously. The common thread with all Muslims is their unconscionable ability to LIE as approved by the Holy* Koran.

  162. I don’t know much about stocks, but I heard the market is pulling it’s money out and putting it in bonds that are more secure…what ever that means.

  163. Shadowfax
    August 4th, 2011 at 4:36 pm

    After learning Obama got his ceiling increase and no revenues coming into the treasury, (just read the headline, Geithner is staying) they are betting against the economy improving anytime soon. No corpotate tax increases, or raising the Taxes on the Rich) This move speaks volumes to people who have consistently waited for Obama to do something, anything to turn this economy around and get rolling. “In God We Trust”- The self-serving president, Obama, believes in himself and whoever he can dupe into supporting him because of his long winded promises or fear.

  164. bstonesfan
    August 4th, 2011 at 4:48 pm

    My G-d I am down 300k in less than a week.
    ____________

    Better get moving before it all disappears.

  165. sigh…now they want her…

    ————–

    Thursday, Aug 4, 2011
    By Matthew Dickinson

    Run, Hillary, run!

    The case for why she should challenge President Obama in the 2012 Democratic primaries

    This article originally appeared at “Presidential Power”

    If I were a Democrat (and I’m only posing as one here!), this would be why I think Hillary Clinton should challenge Barack Obama in 2012.

    To begin, the president is in deep political trouble. I presented some basic economic indicators earlier that show the historical comparisons indicating that Obama is in Jimmy Carter territory. These are crude measures, of course. But more sophisticated forecast models, such as Yale economist Ray Fair’s, which uses per capita growth of real Gross Domestic Product during the three quarters preceding the election; the growth in inflation during the incumbent’s term; and the number of quarters during the incumbent’s term in which real GDP grows by more than 3.2 percent to predict the popular vote, now show Obama winning slightly less than 50 percent of 2012 popular vote. Given current economic projections, there’s not likely to be any more strong growth quarters between now and November 2012, meaning the odds for Obama’s reelection are probably not going to get better. To be sure, most of the political science forecast models don’t kick in until a year from now, so it’s a bit early to rely on them. But if Clinton is going to run, she can’t wait. And right now Obama is very vulnerable to a strong Republican challenger.

    Of course, the fundamentals won’t change if she’s running. But note that the forecast models aren’t predicting a Republican blowout — they are forecasting a race that is, at this point, too close to call. That means marginal changes in turnout among key groups are crucial. Here’s where Hillary has the advantage.

    To begin, her stint as secretary of state has done wonders for her approval rating, as indicated by Gallup poll surveys dating back to her time in the White House. While the president, mired deep in the political muck of Washington politics, sees his approval falling to 40 percent, Hillary’s has climbed close to 70 percent — and even higher in other surveys. Yes, this is partly an artifact of her position, which places her above the fray of domestic politics, and yes it will fall if she enters the race. But the fact remains that her public profile has been bolstered in the last several years, and she enters the race with that advantage. Indeed, she can use that non-partisan vantage point to frame her decision to run: It’s not about politics — it’s about the future of this country both here and abroad.

    Her second advantage relates to the first: She’s not part of the mess at home. She didn’t weigh in on the stimulus bill, or healthcare, or the banking overhaul, and she certainly bears no responsibility for the state of the economy. In this respect, she’s the Obama of 2012: a candidate who can run on the promise of change, without specifying the nature of that change. And she has an added advantage: years of governing experience in the White House, the Senate and most recently within the foreign policy establishment. To be blunt, her résumé outshines the incumbent’s. Meanwhile, her liabilities (the healthcare fiasco, Hill and Bill) have largely receded from public consciousness. And in any case, they are now dwarfed by Obama’s baggage. In 2008, Obama was the unsullied one. Not anymore. Heck, even the Big Dawg has been largely rehabilitated.

    This leads to a third point: buyer’s remorse. It’s not one she can directly bring up (after all, she’s above politics), but others will certainly remind voters that she did warn you. Remember that 3 a.m. phone call? Remember the warning about the rose-colored petals falling from the sky? Remember about learning on the job? Sure you do. Doesn’t a part of you, deep down, realize she was right? If I heard it once this past week, I heard it a thousand times: You were duped by Obama’s rhetoric — the whole “hopey-changey” thing. And you wanted to be part of history, too — to help break down the ultimate racial barrier. That’s OK. We were all young once. But now it’s time to elect someone who can play hardball, who understands how to be ruthless, who will be a real … uh … tough negotiator in office. There won’t be any debate about Hillary’s, er, “man-package.”

    All of these factors mean Hillary will appeal to precisely those voters who are most disillusioned with Obama, and who the Democrats lost in the 2010 midterms: older voters, the less educated and independents. Moreover, she has stronger support in the key battleground states of Ohio and Florida and maybe even Pennsylvania, whose electoral votes may determine the 2012 election. And the chance to finally put a woman in the Oval Office will energize voters in a way that Obama’s candidacy cannot.

    The problem with this scenario, of course, is that it ignores a very big obstacle: the nomination fight. The reality is that, at least until the recent debt deal, Obama continues to have strong support among Democrats. Why should we expect Clinton to prevail in a nomination fight? Indeed, a Gallup poll survey from last September shows Obama beating Clinton in a hypothetical nomination contest.

    Politically speaking, however, that poll came out ages ago. Since then, it has become clear that the economy is not going to rebound any time soon. Obama’s approval ratings continue to drop, and this is before the full impact of the debt negotiations on Democratic support — particularly within Obama’s base: those Democrats with higher incomes and better education, as well as minorities and younger voters. The other fact to remember is that despite the gaffes in Clinton’s 2008 primary run — the failure to fully contest caucus states, the mishandling of the Florida and Michigan delegates issue — she essentially fought Obama to a nomination draw. Indeed, by some estimates she won more popular votes than he. In the end, his nomination was secured not by winning enough delegates at the ballot box, but by gaining support from the non-elected superdelegates. Four years later, who do you think has gained more politically among likely Democratic voters?

    Make no mistake about it: A contested nomination would be a nasty, brutish spectacle. But in all likelihood the winner would come out stronger. Think back to 2008: Despite the appeals from Obama backers that Clinton should drop out for the good of the party, she stayed in until the end — and in so doing exposed vulnerabilities in his candidacy in time for him to address them before the general election. A primary challenge will be good for the party — it will give Democrats a real choice. It will mobilize the base. And it will expose candidate strengths and weaknesses leading into the general election. Remember, there’s no evidence that previous primary challengers weakened incumbents. The causal arrow runs in the other direction: Incumbents like Carter in 1980 were challenged because they were already weak. A Clinton run won’t damage Obama, and may strengthen him — if he fends her off.

    And really — isn’t it time to elect a qualified woman as president? We are way behind the rest of the world in this regard.

    But there’s a more important reason why Hillary should run — one that transcends party, or personal gratification, or payback, or breaking barriers. She should run for the good of the nation. She should run to prevent a rollback of healthcare, to make sure the Bush tax cuts are not renewed, to protect entitlement programs, to make sure Republicans — who are poised to regain the Senate in 2012 — don’t control all three governing institutions through 2016. It’s not about her — it’s about the future of the country.

    Madam Secretary, if you are reading this — the president is a good man who happened to be very unlucky in office. He inherited problems of almost unprecedented severity. But this is no time for sentiment to cloud your judgment. You need to do what’s right.

    If not now, when? If not you, who? The nation cries out for leadership. Run, Hillary, Run!

    http://www.salon.com/news/politics/war_room/2011/08/04/dickinson_hillary_2012/

  166. jbstonesfan,

    Much as I appreciate your posts, jb, I find it hard to mourn for anyone who has an extra $300g stashed anywhere.

    Not that I am for redistribution of wealth or anything like that but, holy batman – $300g would probably get me through the next 10 years.

    It is a LOT of money to have in spare investments. I’m sure you earned every penny, but come on.

  167. They are trying to draw her out. Appealing to her sense of duty and caring about Americans. Rest assured they are standing at the ready to torpedo her with a nuclear powered smear campaign to mar any thoughts of a successful run at Obama in a Primary challenge. If she’s planning it, she has to wait until the eleventh hour to play her cards. And we will be there in a jiffy to lift her up and put her over the finish line.

  168. Oh Jeezus!!!!!!!!!!

    Now Bloomberg is buying votes with a $30 million personal donation to black and hispanic MEN!!!!!!!!!!!!!!

    :GAG:

  169. Oh – and Soros is involved and so is the New York taxpayer.

    NEW YORK— New York City will spend $127 million in public and private funds on programs designed to help young black and Latino men.

    Billionaire Mayor Michael Bloomberg will kick in $30 million from his foundation and hedge fund manager George Soros will match that amount, according to the mayor’s office. The remaining $67.5 million will be paid by the city.

    The Young Men’s Initiative was first reported by The New York Times on Wednesday. The mayor’s office called it the nation’s “boldest and most comprehensive effort to tackle the broad disparities slowing the advancement of black and Latino young men” in a statement.

    It will include job placement, fatherhood classes and training for probation officers and school staff on how to help the young men get ahead. More than a dozen city agencies will be involved.

    The program will target about 315,000 black and Latino men between the ages of 16 and 24.

    Bloomberg is set to announce the program at a community breakfast on Thursday.

    One key component will be an overhaul of the Department of Probation, which supervises nearly 30,000 New Yorkers, most of whom are black and Latino males, according to the mayor’s office. The department will open five satellite offices in neighborhoods with high populations of at-risk youth, with the aim of connecting men on probation to work and educational opportunities and reducing recidivism.

    Of the funds, $18 million will go to “transformative mentoring and literacy services,” according to a news release, while $24 million will go to a school program called the Expanded Success Initiative. The latter aims to close the so-called achievement gap between racial and ethnic groups in graduation rates. The city will also announce new measures to “hold schools accountable” for the performance of black and Latino boys.

  170. Yea, I don’t have much sympathy for those taking a hit in the stock market when my BofA dividend check (from when I worked for them) is a check for…………..drum roll please,

    15 cents!

    I don’t cash out my mini stock just as a slap in the face to a company that treats it’s women like crap, let ‘um pay more for the stamp than my check is worth.

  171. rs. Smith
    August 4th, 2011 at 5:06 pm

    Shadow-

    A thumbnail explaining the Bond Mkt:

    ——–
    Thanks Mrs. S-
    I will pay more attention IF I ever have any money to invest.

  172. Will Barry Cancel His Bus Tour For Next Week (Depression Summer?)

    August 04, 2011

    With the stock market collapsing right before our eyes, what are the chances his Highness Barack the First cancels his bus tour planned for next week? I can’t imagine his puppet masters will let him out on the road to tout his economic ‘successes’ if the market craters again tomorrow.

    While Barry may be an economic illiterate and obviously never studied or understands history, somebody in the White House must remember that at the time of the Tea Party, the colonials also used another method to show their displeasure towards those who wronged them. Tar and feathers would not be out of the realm of possibility if Barry tries to bus around the country telling the people what a great job he is doing.

    After seeing Obi enjoying the gala last night in Chicago, having another bash tonight at the White House, and then spending a long weekend in Camp David, the ‘citizens’ will probably not greet him with much love is he ventures out to the heartland where the real Americans live.

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