Friday, November 20, 2009
China to Underwrite Socialized Health Care (Obamacare)
The government of China is also providing these high-quality "I Am with Stupid" t-shirts* to members of Congress and the Obama administration. As a display of goodwill the Federal Reserve is reciprocating these niceties (trillion dollar underwrting and spiff) by 'printing money'.*T-shirts are 100% cotton and manufactured by Chinese factory workers.
Related
A $4.9 Trillion Spending Increase
Hammond: Section by Section Analysis of the Reid Bill
China warns Federal Reserve over 'printing money'
Clinton To China: Keep Buying Our Debt (CBS)
Labels: china, economics, obama, pelosi, reid
Friday, October 16, 2009
China to Purchase Life Alert & Jitterbug for $13 billion
Cash for Oldsters
A $250 bribe to help the ObamaCare medicine go down.
No one ever went broke underestimating political cynicism, but these days even we can't keep up: On Wednesday, President Obama announced that he wants to send every American senior a $250 check.
The $250 checks will funnel $13 billion to some 57 million beneficiaries—in addition to whatever they have already received as part of the $787 billion stimulus.
Related
Deficit Hits $1.4 Trillion, Complicating Stimulus Plans
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending
A $250 bribe to help the ObamaCare medicine go down.
No one ever went broke underestimating political cynicism, but these days even we can't keep up: On Wednesday, President Obama announced that he wants to send every American senior a $250 check.
The $250 checks will funnel $13 billion to some 57 million beneficiaries—in addition to whatever they have already received as part of the $787 billion stimulus.
Related
Deficit Hits $1.4 Trillion, Complicating Stimulus Plans
Lawmakers Eye Untapped Stimulus Funds as Obama Proposes New Spending
Labels: china, economics, obama, pelosi, reid
Tuesday, October 06, 2009
The Economy is Barack (What's in a name?)
Obama readies second stimulus following wildly successful $800 BILLION version:
Why has the president’s stimulus package had less than intended results? Dr. Timothy G. Nash and Dr. Keith A. Pretty of Northwood University ask that question and look at some common sense alternatives
Oct. 6 (Bloomberg) -- Barack Obama is considering a mix of spending programs and tax cuts to respond to widening job losses that would amount to an additional economic stimulus without carrying that label.Related
Why has the president’s stimulus package had less than intended results? Dr. Timothy G. Nash and Dr. Keith A. Pretty of Northwood University ask that question and look at some common sense alternatives
The problem is not, as Mr. Biden would have us believe, that the government didn’t spend enough, or that government bureaucracy is slowing the pace of stimulus spending, which it is. The problem is with a package that didn’t cut taxes enough or in all the right places. People have little confidence in government spending as a catalyst for economic growth and long term prosperity. They know that business creates jobs; government largely creates taxes, regulations and spends. The U.S. economy is burdened by: onerous regulations, the third highest corporate income tax rate (39.27 percent) in the world, and a combined state and federal personal income tax rate that can exceed 46 percent in certain states.
Despite all the money coming in, the U.S. national debt is now $11.2 trillion dollars, or 78 percent of U.S. GDP, and will likely be above 100 percent of GDP by the end of next fiscal year, surpassing the 1949 level of 97.5 percent which included costs associated with World War II and post war reconstruction.
Labels: china, economics, obama, pelosi, reid
Biden in Deep Blue State to Support Christopher "Countrywide" Dodd
He also thanked China for financing the $800 BILLION stimulus and the $1.5 TRILLION national health care scheme. He also lauded the millions of jobs "saved or created" by fabricating these nifty signs along the Merritt Parkway.Related
Biden stumps for Dodd, Himes: Parkway event touts benefits of stimulus
Unemployment rate rises to 9.8 percent in September, as employers cut 263,000 jobs
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent.
It's Still the Economy, Stupid
Slow Joe Talks Straight About The Stimulus Package
Unemployment Rate With and Without the Stimulus
Rob Simmons for U.S. Senate
Notable
Jim Himes (D-CT4) worked at Goldman Sachs like Henry Paulson, Ben Bernanke, and Timothy Geithner
Labels: china, connecticut post, dodd
Wednesday, August 26, 2009
Venezuela & US: Freakishly Eerie Similarities
Hugo Chávez seeks to catch them young
A hastily passed education law is part of the president’s plan to take control of all aspects of Venezuelan society
What is apparent is that the law was not framed in parliament but by a team of ideologues in the presidential palace. Legislators suspect Cuban specialists had a hand in it, along with radicals from the Spanish left in Mr Chávez’s close circle.
University rectors say the hasty way the law was passed violated both parliamentary norms and the constitution. They were tear-gassed when they approached parliament as it was being debated, to try to deliver a document criticising its content. But a campaign of peaceful resistance is gathering strength.
Since winning a referendum in February abolishing term limits (thus allowing him to seek re-election again in 2012), Mr Chávez has stepped up the pace of his revolution. He has taken powers and funds from mayors and governors, clamped down on independent trade unions and broadcasters, and passed a law which will allow the government-controlled electoral authority to gerrymander constituency boundaries. A wilting economy and a lack of money to spend on his ambitious welfare programmes have begun to sap Mr Chávez’s popularity, forcing him to keep casting around for fresh scapegoats.
In his weekly broadcast on August 16th he promised a stimulus package but gave no indication of how he would pay for it. With public dissent growing, his response has been to stifle sources of independent thinking, be they private television channels, trade unions, the church or the schools and universities. However, once he has achieved complete dominance over them all, there will be no one left to blame for the country’s ills but himself.
Limestone Commentary
We're probably a failed treasury auction or two away from a banana republic. Obama had Pelosi/Reid draft the $800 BILLION and they did so with the help of special interest groups. He is doing the same thing with OBAMACARE (outsourcing) and asking the radicals to shove this transformational "bill" down our throats (despite overwhelming public/citizen opposition). Meanwhile the MSM marginalizes the opposition by portraying any act of civil disobedience as organized thuggery.
As the economy worsens he (and his enablers) thrash about searching for scapegoats. The witch hunt at the CIA is red meat for lefty radicals chasing a phantom menace while providing a thinly veiled (wink, wink on the 'we weed up') smoke screen against his untenable/unsustainable deficits (all hyper-accelerated by his partisan wish list - cap and trade, national health care).
One final thought...Obama also equals Chávez in ideological heroes. Obama has Alinsky/Wright while his South American equal has Bolívar/Gramsci.
A hastily passed education law is part of the president’s plan to take control of all aspects of Venezuelan society
What is apparent is that the law was not framed in parliament but by a team of ideologues in the presidential palace. Legislators suspect Cuban specialists had a hand in it, along with radicals from the Spanish left in Mr Chávez’s close circle.
University rectors say the hasty way the law was passed violated both parliamentary norms and the constitution. They were tear-gassed when they approached parliament as it was being debated, to try to deliver a document criticising its content. But a campaign of peaceful resistance is gathering strength.
Since winning a referendum in February abolishing term limits (thus allowing him to seek re-election again in 2012), Mr Chávez has stepped up the pace of his revolution. He has taken powers and funds from mayors and governors, clamped down on independent trade unions and broadcasters, and passed a law which will allow the government-controlled electoral authority to gerrymander constituency boundaries. A wilting economy and a lack of money to spend on his ambitious welfare programmes have begun to sap Mr Chávez’s popularity, forcing him to keep casting around for fresh scapegoats.
In his weekly broadcast on August 16th he promised a stimulus package but gave no indication of how he would pay for it. With public dissent growing, his response has been to stifle sources of independent thinking, be they private television channels, trade unions, the church or the schools and universities. However, once he has achieved complete dominance over them all, there will be no one left to blame for the country’s ills but himself.
Limestone Commentary
We're probably a failed treasury auction or two away from a banana republic. Obama had Pelosi/Reid draft the $800 BILLION and they did so with the help of special interest groups. He is doing the same thing with OBAMACARE (outsourcing) and asking the radicals to shove this transformational "bill" down our throats (despite overwhelming public/citizen opposition). Meanwhile the MSM marginalizes the opposition by portraying any act of civil disobedience as organized thuggery.
As the economy worsens he (and his enablers) thrash about searching for scapegoats. The witch hunt at the CIA is red meat for lefty radicals chasing a phantom menace while providing a thinly veiled (wink, wink on the 'we weed up') smoke screen against his untenable/unsustainable deficits (all hyper-accelerated by his partisan wish list - cap and trade, national health care).
One final thought...Obama also equals Chávez in ideological heroes. Obama has Alinsky/Wright while his South American equal has Bolívar/Gramsci.
Labels: china, left-wing media, obama, pelosi, reid
Sunday, August 23, 2009
Thank You China!
Remember this sign when interest rates soar, the value of the dollar plummets, taxes (at all levels) increase and a loaf of bread and a gallon of milk (INFLATION) costs $15.00. I really hope China keeps financing the reckless spending of our political class.Related
AP sources: $2 trillion higher deficit projected
The Obama Deficit (Instapundit)
Obama Administration to Adjust Projected Deficit; $7 Trillion 10-Year-Defict to Become...$9 Trillion (ACE)
It was an August Friday afternoon, at the start of peak vacation season
Friday Night News Dump
Why the Stimulus Flopped by Mark Steyn
The other day, wending my way from Woodsville, N.H., 40 miles south to Plymouth, I came across several “stimulus” projects — every few miles, and heralded by a two-tone sign, a hitherto rare sight on Granite State highways. The orange strip at the top said “PUTTING AMERICA BACK TO WORK” with a silhouette of a man with a shovel, and the green part underneath informed you that what you were about to see was a “PROJECT FUNDED BY THE AMERICAN RECOVERY AND REINVESTMENT ACT.” There then followed a few yards of desolate, abandoned, scarified pavement, followed by an “END OF ROAD WORKS” sign, until the next “stimulus” project a couple of bends down a quiet rural blacktop.
Labels: china, economics, obama, pelosi, reid, signage
