Archive for the ‘economy’ Category

Obama Says “Were Out of Money”

May 23, 2009

In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.”

C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president.

SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?

OBAMA: Well, we are out of money now. We are operating in deep deficits, not caused by any decisions we’ve made on health care so far. This is a consequence of the crisis that we’ve seen and in fact our failure to make some good decisions on health care over the last several decades.

So we’ve got a short-term problem, which is we had to spend a lot of money to salvage our financial system, we had to deal with the auto companies, a huge recession which drains tax revenue at the same time it’s putting more pressure on governments to provide unemployment insurance or make sure that food stamps are available for people who have been laid off.

So we have a short-term problem and we also have a long-term problem. The short-term problem is dwarfed by the long-term problem. And the long-term problem is Medicaid and Medicare. If we don’t reduce long-term health care inflation substantially, we can’t get control of the deficit.

So, one option is just to do nothing. We say, well, it’s too expensive for us to make some short-term investments in health care. We can’t afford it. We’ve got this big deficit. Let’s just keep the health care system that we’ve got now.

Along that trajectory, we will see health care cost as an overall share of our federal spending grow and grow and grow and grow until essentially it consumes everything…

SCULLY: When you see GM though as “Government Motors,” you’re reaction?

OBAMA: Well, you know – look we are trying to help an auto industry that is going through a combination of bad decision making over many years and an unprecedented crisis or at least a crisis we haven’t seen since the 1930’s. And you know the economy is going to bounce back and we want to get out of the business of helping auto companies as quickly as we can. I have got more enough to do without that. In the same way that I want to get out of the business of helping banks, but we have to make some strategic decisions about strategic industries…

SCULLY: States like California in desperate financial situation, will you be forced to bail out the states?

OBAMA: No. I think that what you’re seeing in states is that anytime you got a severe recession like this, as I said before, their demands on services are higher. So, they are sending more money out. At the same time, they’re bringing less tax revenue in. And that’s a painful adjustment, what we’re going end up seeing is lot of states making very difficult choices there…

SCULLY: William Howard Taft served on the court after his presidency, would you have any interest in being on the Supreme Court?

OBAMA: You know, I am not sure that I could get through Senate confirmation…

From the Drudge Report

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Wind, Solar Produce only 1% of Electric Needs; Need “Comprehensive Energy Plan”

May 23, 2009

Democrats will increase energy costs and make the U.S. more dependent on foreign oil if they focus solely on alternative energy, the Republicans say.

In the party’s weekly radio and Internet address Saturday, Sen. John Barrasso, R-Wyo., said Republicans support a more comprehensive energy plan that would increase funding for energy research, develop U.S. oil and gas resources and promote clean coal and nuclear power.

“Democrats have focused solely on what they call green jobs. Those are jobs from alternative energy. I support green jobs, but why discriminate?” Barrasso said. “American energy means American jobs, which is why I support red-white-and-blue jobs.”

He said renewable energy such as wind and solar power is important, noting that Wyoming has world-class wind resources. But Barrasso said wind and solar only account for about 1 percent of U.S. electricity, far below what is needed to meet the nation’s energy needs.

Associated Press

Barrasso also said Democrats were misguided by ruling out the use of U.S. oil in places such as the Outer Continental Shelf and Alaska.

Read the rest:
http://news.yahoo.com/s/ap/2009
0523/ap_on_go_co/us_republicans_energy

We’re No Longer Thinking Trough Problems? Gitmo, Stimulus, Cap and Trade are Just a Few Examples

May 22, 2009

If you had fallen asleep, say, last November, only to wake up this week, you might ask: “When did we stop thinking through the solutions to our problems?”

The answer, one might suppose, could be that if you have a Democrat in the White House and a huge Democrat majority in the House and Senate, no further thinking is required.

For example: after two years of preaching about the immorality of Gitmo, the Congress rejected the funding the White House requested to close Gitmo because they weren’t given a plan on where to put the prisoners.

So the President yesterday gave another hour-long sermon on Gitmo.  To which Harry Reid said, “We still need a plan.”

Not only that, the plan in the speech hasn’t been well thought out.  

“There’s a whole contingent of issues that have to be well thought out before we ever agreed to bring inmates of that caliber into our system,” said Bryan Lowry, president of the National Council of Prison Locals, which represents federal correctional officers.

The stimulus, which spread out $787 billion of taxpayers money like manure on the land wasn’t read by any “lawmaker” that any member of the media has found.  Now Henry Waxman has offered to cure this problem on the Cap and Trade Bill: he’s hired a speed reader.

Rip van Winkle might just elect to go back to sleep fearing that this is going from really bad to really worse….

Here’s a thought: reactivate Alcatraz, put the Gitmo prisoners there and they can vote for Nancy Pelosi…..

Even Joe Biden says we aren’t thinking:
Biden on Obama’s Gitmo “Plan”: “It’s Like Opening Pandora’s Box”

http://michellemalkin.com/2009/0
5/22/supermax-no-were-not-rea
dy-president-obama/

Related:
Hezbollah to Obama: Please Take This Fool Biden Back
>
Bush Waterboarded Three Terrorists; Obama Shot Three Pirates — War is Hell
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What California, Pelosi, Waxman, Feinstein and Schwarzenegger Can’t Ignore: Except They’ve Already Proven Stupidity
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“Nobody liked it that we didn’t read the stimulus bill so we hired a speed reader for Waxman’s bill” – Congress

Related:
Obama’s Bone Head Moves, First 100 Days: Add “Photo Op” Of Air Force One For $75,000 “Plus” Freaked Out New Yorkers

Obama White House Engineered Photo Ops, Publicity Stunts Not Always Honest, Well Conceived

 Obama’s Dumb Moves Getting More Difficult to Ignore? On Friday Mainstream Media Realiazes Monday’s Cabinet Meeting Was Laughable, Really

If you had told me some of these Obama stories three months ago I would have said “impossible!”

Was it Joe Biden, Barack Obama or Hillary Clinton that thought it was a good idea to encourage Russia to just hit the “reset” button?  Well, whoever…..

Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov with a red button marked "reset" in English and "overload" in Russian.
Coffrini/Getty

Related:
Barack, Hillary: Moronic “Reset” Idea for Relations With Russia

Let’s Talk: Pirate Episode Hurt Obama’s Negotiating Cred

 Obama Loses Photo Op War To Chavez (and the Saudi King, and….): Call Oprah!

The fact that American “lawmakers” are busy passing bills that they haven’t read seems to go hand in glove with a White House that hasn’t thought through the implications of many things.  The Obama Bow to the Saudi King smacks of obeisance; defined as “bending the head or body or knee as a sign of reverence or submission or shame;” or “the act of obeying; dutiful or submissive behavior with respect to another person.”

The President of the United States Barack Obama greets King Abdullah of Saudi Arabia.

The President of the United States Barack Obama greets King Abdullah of Saudi Arabia. Photo: Getty Images

Is this what the White House wanted?  It is what they got.

The Brit Prime Minister got movies on CD from the President of the United States: not a very symbolic gift.  One was “Star Wars.”  And nobody in the White House even checked to see if these CDs can be watched in the UK (they use different digital formatting: the CDs given by Obama are “blank” on UK machines).

Don’t forget, many Presidents of the United States do their work in the Oval Office on the “Resolute Desk” which is made from the timbers of a Royal Navy Warship.  That’s symbolism.

JFK among otheres used the “Resolute Desk” — a gift from the UK.  Obama returned one gift from the UK: A Statue of Sir Winston Churchill.

The president gave the Queen of England an IPod — made in China.

The Secretary of State in this Obama Administration gave her Russian counterpart a giant red button which was supposed to be marked “reset.”  But the word was not spelled correctly or was just flat out the wrong word.  Besides:  to most Russians a giant red button is for launching nuclear weapons…..

So what are we resetting to with Russia?  Ask Joe Biden: it was his idea apparently to make the ‘reset” button.  Joe “Advisor to Many Presidents” Biden should have asked the staff to discuss with him how Vladimir Putin might reset — back to his KGB roots?
********

Obama-logic: What if JFK had said: “That golf playing fool Ike left me a mess”

May 22, 2009

This juicy piece of Obama-logic came out of a student’s mouth just yesterday: “I should never have gotten into college because my high school teachers sucked so bad.”

Well, it’s “badly” not bad — so the teachers and the student both have flaws.

But blaming the other guy seems to be an Obama fixation that isn’t something we want to teach our kids.

Do you recall Winston Churchill going on about “Nevil Chamberlain got us into this…”

Neville Chamberlain

How about Harry Truman: “That S.O.B. never told me anything and now we find out he was playing with weapons of mass destruction.”

How about “Ask not what your country can do for you.  Ask what you can do for your country.”

JFK might easily have said, “That golf playing fool Ike left me a mess…”

Did Lincoln carry on, “I told everyone Buchanan would get us into a Civil War!”

Well, we don’t teach American history the way we used to but we do demonize a lot in the history books the kids have now.  Prayer is bad.  Oil is bad.  Wall Street traders are bad. 

Sound like any politicans you know?

 Government jobs are good.  The environment is, as Nancy Pelosi said just yesterday, “the greatest challenge of our day.”  She said climate change is a “national security, economic, environmental health and moral issue.”

God must have annointed Nancy to tackle this challenge: never mind jobs and the economy and creating wealth.

Curing our climate problems and gaining government health care will bail us all out.

Really?  The rest of the world got rich on wind turbines and free medical care?

Barack Obama spent one of his hours as President of the United States attacking another President of the United States.

Obama’s speech wasn’t needed.  It only continued to stir up the pot that Obama himself stirred by releasing some of the government’s classified documents and Nancy Pelosi stirred by saying the CIA systematically and repeatedly lied to Congress.

If the speeech had a real purpose like spelling out the Obama plan to put all the prisoners somewhwere else to the satisfaction of Congressional lawmakers, I missed it.  Just after the speech, a dumbfounded Harry Reid said, “We still need a plan.”

This is good for the nation?  This is solving real problems: like the economy, the lack of jobs, and our crazy belief that cleaner air and government controlled health care will make the nation prosperous, create lots of high paying jobs?

I’ll give President Obama and Speaker Pelosi the Moral High Ground Award.  You’re both right.  Now shut up and get to work.

We have nothing to fear but fear itself.  And the guys that made this mess…..

Even the newspapers in California decided to blame the wrong guy this week: attacking the stupidity of the voters.

What?

California’s voters should recall their elected representatives and allow their newspapers to fail.

And American voters should, as we are past Obama’s 100 day point, be a little less tolerant of this self-righteous blame game that is not creating wealth or jobs….

Politicians should leave judgements of history to others.  They have a lot of tough work to do without tackling that…..

Congressional Budget Office: Unemployment 10.5 Next Year

May 21, 2009

The Congressional Budget Office chief told Congress Thursday that rising unemployment likely will continue into next year.
.
By Mosheh Oinounou
FOXNews.com

While the economy will begin growing again by the end of 2009, the unemployment rate will continue to expand into next year, the Congressional Budget Office reported Thursday.

The CBO projects Americans will continues to lose jobs through mid-2010, with the umemployment rate peaking at 10.5 percent next year, CBO Director Doug Elmendorf said in testimony before the House Budget Committee.

The CBO’s March assessment initially predicted unemployment would peak at 9.5 percent.

“We think it will be a slow, a painfully slow recovery,” Elmendorf told the committee, citing the ongoing crises in the housing and credit markets.

He added that the financial system is still in a “weakened state” even though it “has crawled back from the edge of the abyss.”

“All of those factors will lead to a tepid recovery, somewhat more tepid than we thought and assessed the conditions a few months ago,” Elmendorf noted.

He said employment numbers are often a lagging indicator of economic recovery, noting a number of positive trends including stabilizing manufacturing output, signs of life when it comes to consumer spending and confidence and that the decline in housing construction may be close to bottoming out.

The current unemployment rate is 8.9 percent. The Labor Department on Thursday reported 631,000 new jobless claims last week. 

The Federal Reserve said Wednesday that the unemployment rate could rise to 9.6 percent this year and remain elevated until 2011. Some private economists told The Associated Press they expect the rate to reach 10 percent by the end of this year.

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

May 21 (Bloomberg) — More Americans than forecast filed claims for unemployment insurance last week, and the total number of workers receiving benefits rose to a record, signs the job market continues to weaken even as the economic slump eases.

Initial jobless claims fell by 12,000 to 631,000 in the week ended May 16, from a revised 643,000 the prior week that was higher than initially estimated, the Labor Department said today in Washington. The total number of people collecting benefits rose to 6.66 million, a record reading for a 16th straight week, and a sign companies are still not hiring.

Job losses are likely to continue after Chrysler LLC filed for bankruptcy and General Motors Corp. may follow suit and terminate 1,100 U.S. dealers. The auto slump threatens to slow any recovery from the deepest recession in half a century and keep pushing unemployment higher.

“We expect upward pressure on claims stemming from auto- related layoffs,” said Maxwell Clarke, chief U.S. economist at IDEAglobal in New York, who acurately forecast the initial claims number. “The labor market will remain weak, with gradual improvement on the horizon.”

Stock index futures were lower and Treasuries were little changed after the report. The contract on the Standard & Poor’s 500 Index fell 0.7 percent to 893.2 as of 8:38 a.m. in New York. The benchmark 10-year note yielded 3.18 percent, down 1 basis point from yesterday.

Economists surveyed by Bloomberg had forecast claims would drop to 625,000 from the 637,000 initially reported for the prior week, according to median of 42 estimates. Projections ranged from 585,000 to 675,000.

The four-week moving average of initial claims, a less volatile measure, decreased to 628,500 from 632,000.

Joblessness Climbs

Today’s Labor report showed the unemployment rate among people eligible for benefits, which tends to track the jobless rate, climbed to 5 percent in the week ended May 9, the highest level since December 1982, from 4.9 percent. These data are reported with a one-week lag.

Thirty-four states and territories reported an increase in new claims for the week ended May 9, while 19 reported a decrease.

The ‘majority’ of last week’s decrease in claims was in states that reported a jump in auto-related filings the prior week, a spokesman for the Labor Department said.

Read the rest:
http://www.bloomberg.com/apps/news?pi
d=20601087&sid=a56LXUHX28Ig&refer=home

Barack Obama’s biggest critic: Charles Krauthammer

May 20, 2009

The dinner guest that night at George Will’s house in Chevy Chase was intellectually nimble, personally formidable and completely baffling, recalled columnist Charles Krauthammer – who was getting his first up-close look at President-elect Barack Obama.

“We sat around and said, ‘Does anybody really know who he is and what he wants to do, now that we’ve had this?'” Krauthammer recalled of Obama’s January sit-down with conservative columnists. “And the answer was no. We don’t know.”

By Ben Smith
Politico

Conservative columnist Charles Krauthammer sits in his Washington office.

Conservative columnist Charles Krauthammer sits in his Washington office.

“I didn’t understand what he was up to until he just unveiled it openly, boldly, unapologetically and very clearly within two weeks of his inauguration,” Krauthammer told POLITICO in an interview in his corner office off Dupont Circle. “That’s what was so stunning.”

Since then, Krauthammer has emerged in the Age of Obama as a central conservative voice, the kind of leader of the opposition that that economist and New York Times columnist Paul Krugman represented for the left during the Bush years: A coherent, sophisticated, and implacable critic of the new president.

Obama, he has written in his syndicated Washington Post column, is committed to “radical health-care, energy and education reforms,” central to a “social democratic agenda” that promises deep – and ominous – transformations to American life. The columnist has offered, in five installments, a “unified theory of Obamaism.”

At a moment when the right is decimated and divided, and unsure what to think of the new administration, Krauthammer’s confidence is much in demand. His columns circulate widely on conservative e-mail lists and blogs, and even his utterances on Fox News are received as gospel: National Review Online’s group blog, The Corner, posts long transcripts of his remarks without comment, under the heading, “Krauthammer’s Take.”

“He’s the most important conservative columnist right now,” said Times columnist David Brooks.

Read more: http://www.politico.com/ne
ws/stories/0509/22743.html#ixzz0G3O9v7cf&B

China’s yuan ‘set to usurp US dollar’ as world’s reserve currency

May 15, 2009

The Chinese yuan is preparing to overtake the US dollar as the world’s reserve currency, economist Nouriel Roubini has warned.

By James Quinn, Wall Street Correspondent
The Telegraph, London

rofessor Roubini, of New York University’s Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan’s ascendance.

Known as “Dr Doom” for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency for the 21st century because it has a large current account surplus, focused government and few of the economic worries the US faces.

Read the rest:
http://www.telegraph.co.uk/finance/financetopics/fin
ancialcrisis/5325805/Chinas-yuan-set-to-usurp-U
S-dollar-as-worlds-reserve-currency.html

Related:
Obama: “We Can’t Keep Borrowing From China”

Obama at Albuquerque Town Hall Today: Likely To See Tea Party People Angry About Overspending

May 14, 2009

Many observers on the left and right alike do not support or even understand the tea party movement. While the Rio Grande Foundation was not involved in organizing the April 15th Albuquerque Tea Party we have been working closely with the leaders of the movement to transform it from an amorphous one-day protest event into a viable pro-taxpayer movement.

These ideologically-based observers have mistakenly focuses on taxation. The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children. If the left has a valid point about the tea parties, it is that they did not spring up under President Bush who massively expanded government and placed burdens on our children and grandchildren via policies like the Medicare Prescription Drug Bill and the Iraq War that we’ll be paying for long into the future.

But rather than admitting that we as a nation face dire fiscal issues and questioning the merits of trillions of dollars of bailouts (a policy begun under Bush but expanded under Obama), commentators have ignored this inconvenient truth (Republicans becease they don’t want to own up to the fact that they helped create them and Democrats because they want to ignor the issue now that they’re in power). Our nation’s massive debt and unfunded liabilities – at more than $65 trillion it now exceeds the GDP of the world – is conveniently ignored.

The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.

Many observers on the left and right alike do not support or even understand the tea party movement. While the Rio Grande Foundation was not involved in organizing the April 15th Albuquerque Tea Party we have been working closely with the leaders of the movement to transform it from an amorphous one-day protest event into a viable pro-taxpayer movement.

These ideologically-based observers have mistakenly focuses on taxation. The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children. If the left has a valid point about the tea parties, it is that they did not spring up under President Bush who massively expanded government and placed burdens on our children and grandchildren via policies like the Medicare Prescription Drug Bill and the Iraq War that we’ll be paying for long into the future.

But rather than admitting that we as a nation face dire fiscal issues and questioning the merits of trillions of dollars of bailouts (a policy begun under Bush but expanded under Obama), commentators have ignored this inconvenient truth (Republicans becease they don’t want to own up to the fact that they helped create them and Democrats because they want to ignor the issue now that they’re in power). Our nation’s massive debt and unfunded liabilities – at more than $65 trillion it now exceeds the GDP of the world – is conveniently ignored.

The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.

By Paul Gessing
Albuquerque Conservative Examiner

Related:
Governors of Texas, South Carolina to Host “Tea Party 2.0″ This Week

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

ALBUQUERQUE, N.M. (AP) — New Mexicans will get to hear from President Barack Obama about his efforts to stop credit card companies from taking advantage of consumers when he makes a visit to the state for a town hall.

Obama is scheduled to arrive in Albuquerque aboard Air Force One late Wednesday. The town hall will be held at Rio Rancho High School on Thursday.

Obama has said he supports legislation that would prohibit arbitrary credit card rate hikes and make it harder for people under 21 to get a card. He has told Congress he wants a bill on his desk to sign by Memorial Day.

On Tuesday, Senate Democrats vowed not to back down to credit card companies as the banking industry warned that the proposed legislation would make it harder for responsible customers to get credit.

Obama’s visit will be his first to New Mexico since his election last fall. He handily won the state’s five electoral votes after making several stops during the campaign, including one in the waning days that drew tens of thousands of people to an outdoor rally in Albuquerque.

Read the rest:
http://finance.yahoo.com/news/Obam
a-to-hold-town-hall-at-apf-15233055.html?.v=1

Top Ten Reasons The Republican Party Will Recover

May 13, 2009

Here’s our Peace and Freedom list of the top ten reasons to expect the Republican Party to make gains over the course of the next two to four years:

1)  The economy: Despite the huge spending measures already enacted by the Obama administration, including the stimulus and the many ‘bailouts,” the economy may not even start any really significant recovery until this time next year.  Voters are already tiring of the recession and showing discontent.

Related:
Bank of England: Recovery will be slow, starting next year
.
New Jobless Claims Rise More Than Expected, as 52,000 Auto Workers Become Unemployed

2)  Democratic leaders like Harry Reid, Nancy Pelosi, and John Murtha.  There is already rumbling that our Congressional leaders are disappointing voters.  Most polls rate congress very poorly even though some 60% like Obama.  Scandals, a lack of integrity and broken promises on transparency can add to the woes of Democrats easily over time.

Related:
Pushy Practices of Pelosi, Murtha Back To Haunt Them?
.
Democratic Party a “One Man Show” — After Obama, It’s a “Second-Division Ball Club”
.
Pelosi Vehemently Challenges CIA’s Account of Briefings To Her on Waterboarding; Agency “Lied to Congress”
.
“Democratic Party is Bought and Paid For By The Unions” Lawmaker Says

House Speaker Nancy Pelosi of Calif. gestures during a news ...

3)  National debt, deficit and spending.

Related:
America’s Ability To Borrow More Questioned, At Risk — Too Much Spending “Breaking the bank”?
.
What Did We Get for $180 Billion “Bailout”? AIG Still “Toxic”
.
One Hundred Billion Goes To IMF: Money U.S. Taxpayers Will Likely Never See Again
.
Obama’s Spending, Debt, Taxes Will Lower America’s Standard of Living

4)  Taxes.  Taxes will go up.  There is just no way to support all our current spending let alone the promises of overhauls to health care, education, and the environment without raising more money and that means raising taxes.

Related:
Taxes: People and Business Flee Higher Rates; Why Can’t Obama, Congress Get That?
.
Governors of Texas, South Carolina to Host “Tea Party 2.0″ This Week


Gov. Rick Perry, Texas
.
5)  Unexpected world events.  Just as nobody could have predicted 9/11, there could well be an event as yet unknown that unfolds to change the game for everyone before long.  Just as Joe Biden predicted last year, this president will be tested….

Related:
Battles over energy may lead to wars, Russian strategists conclude

China’s Navy Grows and the World Watches Warily
>
6)  Democratic Infighting.  This is the party that has, for a long time, been unable to get along with itself, for too long, before all hell breaks loose….

7)  Inflation.  With all the borrowing of the federal government, inflation is indeed likely.  Nobody will like that one bit.  Which will hurt incumbents….

8)  Loss of buying power and credit.  Obama’s current campaign to rein in the credit card companies is admirable but it may result in millions of people unable to get the credit they’ve grown used to….Expect retail sales to lag other indicators of recovery…..

Retail sales remain slow in April:
http://finance.yahoo.com/news/Reta
il-sales-drop-apf-15227744.html?.v=3

9)  Broken Promises.  “Green jobs” won’t be as numerous or high paying as once promised and work for good jobs will dry up as GM and Chrysler and others move more jobs overseas….The health care overhaul may actually harm enough people that there could be a backlash that wants to punish lawmakers…

Related:
Latest News On Social Security, Medicare, Debt Show Inability of Government To Make Accurate Financial Predictions
.
Obama, Daschle and Socialized Medicine: Care of GE
.
Fiat threatens to walk away from Chrysler deal unless unions agree to concessions

10) Desire for Change/Hope (The Pendulum): In our American system, the pendulum has been swinging to and fro; from Republicans to Democrats and back again for almost all of time.  People will tire of our current way of doing business and even the euphoria over Obama will wane.

Related:
Republican Party Dead? Hardly. Polls Show Erosion and Doubt in Democratic Advantage

Bonus:

11) Traditional Republican Discipline.  The Republicans in general have traditionally shown much more discipline and togetherness than Democrats.  The current squabbling over Cheney, Powell, Gingrich, Rush et al can be expected to wind down as elections near.

12)  The law of unintended consequences.  President Obama has changed so much, so aggressively, so often, so soon in his presidency that the effort is unprecedented.  But this could mean that there is trouble lurking that has not been foreseen.  And we know how well our government foresees things: like the current recession….

13)  Bad Obama planning and staff work.  Nobody had time to read the stimulus?  This will come back to hurt the president and the Democrats in Congress.  Many other examples of stupidity an ineptitude come to mind…..

14)  The “Tea Parties.”  “The real genesis of the tea party movement was not taxes, but out-of-control spending and the debts we are leaving our children,” wrote Paul Gessing in the Albuquerque Conservative Examiner.  “The tea party movement (at least in Albuquerque) is not simply a bunch of angry Republicans who don’t like Obama and understand their own self-interest. Rather, the tea party here was organized by average citizens who are terrified of what the government is doing to our economy. The fact is that America can’t live on borrowed money forever.”  The fact that people are taking to the streets — people who are both Democrats and republicans — is unprecedented.John E. Carey
Peace and Freedom
In this photograph released by the White House, Air Force One ...

 

Related:
Republicans Determined to Lose?
.
Obama Backs Off Promise to Release Abuse Photos
.
If you had told me some of these Obama stories three months ago I would have said “impossible!”
.
Obama’s Dumb Moves Getting More Difficult to Ignore? On Friday Mainstream Media Realizes Monday’s Cabinet Meeting Was Laughable, Really

Conservatives Need To Recommit to Conservative Values

Michelle Malkin:
http://michellemalkin.com/2009/05/1
3/big-labors-investment-in-obama-pays-off/

http://hotair.com/archives/2009/05/13/
stupid-rnc-to-pass-resolution-rebrand
ing-democrats-the-democrat-socialist-party/

Bank of England: Recovery will be slow, starting next year

May 13, 2009

The Bank of England warned on Wednesday that the UK’s recovery from its worst recession in decades is likely to be slow.

By Angela Monaghan
Telegraph (UK)

Mervyn King, the Bank’s governor, played down evidence that “green shoots” are starting to appear in some areas of the economy, and said it was impossible to say when recovery would come, or how sustainable it would be.

“The economy will eventually heal, but the process may be slow,” he said at a press conference as the Bank published its latest quarterly Inflation Report.

In its central projection, the Bank’s Monetary Policy Committee (MPC) predicts the economy will start to grow again next year, in contrast to the Chancellor’s forecast that the economy will start growing by the end of this year.

Read the rest:
http://www.telegraph.co.uk/finance/financetop
ics/recession/5317808/Bank-of-England-Go
vernor-Mervyn-King-warns-UK-recove
ry-will-be-slow.html