posted May 26, 2011 09:32 AM            

First, he gets lectured on Real World Politics in the White House, no less and is reduced to glaring at the Israeli Prime Minister. But, he brought it on himself with his remarks...which were totally inappropriate considering he was trying to get a head start on Bibi and made his little faux pas speech knowing Bibi was arriving for a meeting.

Then, Bibi went to the Congress and had Congress on it's feet 29 times with standing ovations...including demoscats who showed their disdain for O'Bomber's incomprehensible conduct. It must be tough to find out your fellow demoscats accept the middle east view of the Israeli Prime Minister and not yours!

While in Britain, O'Bomber signed the Queen's guest book with the date "24 May 2008". No wonder O'Bomber is such a colossal screw-up. He's living 3 years in the past. Not totally surprising since O'Bomber also thinks there's 59 states in the US. 57 states he had visited and 2 he hadn't. It also wasn't lost on some that O'Bomber used the European method of writing dates..which is day/month/year instead of month/day/year...the US method.

Then, O'Bomber screwed up the toast to the Queen and the music started while O'Bomber was talking. No matter, O'Bomber's mouth motored on. At least O'Bomber didn't give the Queen a DVD of his speeches....this time.

The following is the perfect ending triumph of the O'Bomber visit to Europe.
http://www.tmz.com/2011/05/23/president-barack-obama-dublin-ireland-armored-limousine-crash-speed-bump-video/

posted May 26, 2011 09:50 AM            

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posted May 26, 2011 10:00 AM            

Vote O'Bomber, he's not the Anti-Christ!

posted May 26, 2011 10:02 AM            

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posted May 26, 2011 05:23 PM            

So, O'Bomber has been having a bad run of luck lately.

Today, the US Senate voted on O'Bomber's version of a federal budget.

The results of the vote:

US Senate 97
O'Bomber 0

Not a single demoscat...or Republican voted for O'Bomber's budget...including the only "official" Socialist Senator, Bernie Sanders from Vermont.

posted May 26, 2011 06:31 PM            

'The vote against Obama's budget was merely political theatre'

Senators did not vote for President Obama's 2012 budget when it came up for a vote in the Senate Wednesday. Press TV's U.S. Desk asked Paul Craig Roberts, Former Assistant Secretary of the U.S. Treasury to comment on this issue.

Roberts said, "The vote against Obama's budget was merely political theatre. It does not mean anything. The Obama budget that was voted down, was the original budget of last February, however last month in April, Obama suggested major changes to the budget. The Democrats are working on the new budget … but are not yet ready to submit it for a vote."

posted May 26, 2011 07:11 PM            

The ONLY budget from O'Bomber went down the tubes in the US Senate today.

Which means the demoscats have NO budget and the legal deadline for passing the 2012 federal budget was....April 15th, 2011.

posted May 28, 2011 11:42 AM            

President Obama on April 13, 2011 presented an alternative plan in a major policy speech. This new plan would cut deficits by $4 trillion over 12 years through a combination of broad spending cuts and tax increases, including the expiration of the Bush tax cuts for incomes over $200,000 and proposed a cap on increases in Medicare and Medicaid spending. Obama criticized the Republican plan for enriching the wealthy through tax cuts while placing a greater economic burden on the elderly through Medicare cuts. Obama's plan was criticized by Republicans for its large cuts in defense spending and for its lack of specific detail.

Revenues are not part of the GOP plan. Cuts are the only part of the 'plan'. The cuts themselves never include tax breaks to the wealthy or big buisness, and little in the way of Defense management. What they do include are social services, and the so called safety net.

:
Paul Ryan's competing plan...the so called
Path to Prosperity ...

plan would reportedly cut $5.8 trillion in spending over ten years, but would also reduce tax income by $4.2 trillion below current projections. The plan would make no further reduction in defense spending beyond the Obama administration's plan, but would make major changes to Medicare, Medicaid, and Social Security

which would pass much of the cost of these programs onto individuals.

It would also cut energy research and other applied research and development. This plan was criticized for disproportionately cutting programs which benefit the disadvantaged and stifling innovation, while not cutting defense spending further and containing deep tax cuts

The hew and cry from the keep your gov hands off my medicare crowd was loud and clear.

And when Newt deliberately criticised the plan he commited political suicide. intentionally

His PAC is richer. Surprised he did it so soon is all.

The Obama administration's budget contains $2.627 trillion in revenues and $3.729 trillion in outlays for 2012.[7] The Republican plan contains $2.533 trillion in revenues and $3.529 trillion in outlays.
the biggest difference in these figures is in who pays for it all, and that would be us.
wiki
official-> http://www.whitehouse.gov/omb/budget/

posted May 28, 2011 12:56 PM            

That didn't work in the Depression years and actually prolonged the Depression by at least 5 years.

So why can't leftists learn the lessons of history?

The best answer to that question is they are blinded by ideology and the only cure for the nation is to show them the gate on November 2, 2012.

That aside, there is NO new budget produced by O'Bomber. No one has seen it and blithering about broad economic guidelines in a speech does not equate to producing a detailed federal budget.

posted May 28, 2011 04:21 PM            

Which of the following fiscal policy combinations has the federal government most often followed to stimulate economic activity when the economy is in a severe recession?
increasing both taxes and spending
increasing taxes and decreasing spending
decreasing taxes and increasing spending
decreasing both taxes and spending
.
http://www.isi.org/quiz.aspx?q=FE5C3B47-9675-41E0-9CF3-072BB31E2692

posted May 28, 2011 04:37 PM            

I suppose you missed those qualifying words..."most often".

Just because raising taxes and spending is what leftist administrations did...and caused further prolonged recession, that doesn't mean it's a valid solution to recession.

That's not what JFK did
That's not what Reagan did
That's not what GW did

And in all three instances, they kicked off a long economic boom with low inflation, high employment and rising wages.

We've had ample experience with O'Bomber's nonsense to see this isn't the right prescription to end recession and produce jobs. Most of us didn't need a repeat of historical failure to know O'Bomber and his crack crew...or as some would say...his crew on crack...are economic dunces.

posted May 28, 2011 07:12 PM            

and you keep forgetting that this recession was created by the FORMER administration..GW's. i know, madeira, that the repubs and neocons like to pretend it was obama's fault but GET REAL! it started in 2007. i was there! watching middle class people tighten their belts.

you also forget that JFK lowered the INCOME tax rate to about 70%, that reagan was forced to RAISE taxes when his first lowering proved harmful to the economy, and that all three had democratic congresses; so while i complain that you blame obama as the only culprit in our current sitch, you do the same with them, don't you?

so you think more of what created it would end it? there's a certain logic to that, i guess...for headbangers.

posted May 28, 2011 09:21 PM            

The housing market collapsed because Fannie Mae and Freddie Mac had taken in about 3 trillion dollars of sub prime loans which they repackaged and re-sold to other lending institutions.

The reason Fannie and Freddie were buying sub prime mortgages is because the demoscats all the way back to Carter pushed lenders to make loans to people who could not make the mortgage payments under the Community Redevelopment Act. When the numbers of defaulted loans hit critical mass, the housing market collapsed. Congressional demoscats and the Clintonistas threatened banks and other lenders to make those loans.

The current Treasury Sec, the Income Tax Evader, Timothy Geithner is a culprit who did calculations on pricing Credit Default Swaps which were used as a hedge to protect sub prime mortgage portfolios which banks and other institutions were selling.

It was the Bush administration which attempted 3 times to rein in Fannie and Freddie loan practices. Demoscats whined, screeched and shrieked in unison.

OK, show me when Ronald Reagan raised taxes...in a recession. I'll wait for your answer.

posted May 29, 2011 03:53 PM            

from FIVE MYTHS ABOUT RONALD REAGAN'S LEGACY http://www.washingtonpost.com/wp-dyn/content/article/2011/02/04/AR2011020403104.html

2. Reagan was a tax-cutter.

Certainly, Reagan's boldest move as president was his 1981 tax cut, a sweeping measure that slashed the marginal rate on the wealthiest Americans from 70 percent to 50 percent. The legislation also included smaller cuts in lower tax brackets, as well as big breaks for corporations and the oil industry. But the following year, as the economy was mired in recession and the federal deficit was spiraling out of control, even groups such as the Business Roundtable lobbied Reagan to raise taxes. And he did: The Tax Equity and Fiscal Responsibility Act of 1982 was, at the time, the largest peacetime tax increase in U.S. history.

Ultimately, Reagan signed measures that increased federal taxes every year of his two-term presidency except the first and the last. These included a higher gasoline levy, a 1986 tax reform deal that included the largest corporate tax increase in American history, and a substantial raise in payroll taxes in 1983 as part of a deal to keep Social Security solvent. While wealthy Americans benefitted from Reagan's tax policies, blue-collar Americans paid a higher percentage of their income in taxes when Reagan left office than when he came in.

posted May 29, 2011 04:28 PM            

and
The first part of that path entails raising higher revenues. Everyone remembers Reagan's 1981 tax cuts. His admirers are less likely to tout the tax hikes he accepted as the 1981 recession and his own tax cuts began to unravel his long-term fiscal picture--a large tax increase on business in 1982, higher payroll taxes enacted in 1983 and higher energy taxes in 1984. A decade later, when a serious recession and higher spending began to upend the fiscal outlook again, the first President Bush similarly raised taxes on higher-income people in 1991; Bill Clinton doubled down and raised them again in 1993.

http://www.forbes.com/2010/02/02/barack-obama-ronald-reagan-bud get-taxes-opinions-contributors-rob-shapiro.html

you want some more?? vanilla, chocolate, or lemon?

posted June 01, 2011 10:57 AM            

Ronald Reagan DID NOT raise income taxes during the recession of 1980-1982.

Ronald Reagan reduced taxes over a number of years with implementation kicking in at periodic points...beginning in 1981.

"The recession which occurred in the early 1980's was the most severe and the most significant in terms of economic policy of the post-World War II recessions. There is probably more nonsense on the Internet concerning this recession than for any of the other recessions. There are people who probably consider themselves intellectuals writing about this recession as The Reagan Recession, thus revealing that their partisan politics is a far greater element of their mental makeup than their allegiance to the truth. But back to the recession of 1980-82."
http://www.applet-magic.com/rec1980.htm

While Reagan reduced marginal income tax RATES, he also closed many "tax loopholes" to assure that no one was gaming the tax system and that everyone was paying what they owed based on their income.

AND, there was a temporary increase in the federal fuel tax from 4 cents per gallon to 9 cents per gallon...for 5 years. Today, the federal fuel tax is 18.3 cents per gallon and demoscats drool over raising it even higher.

During the part of the 1980-1982 recession in which he was President...starting in January 1981, he lowered income taxes more than $264 Billion dollars.

The temporary federal fuel tax increase and federal income tax loophole closing amounted to about $62 Billion in increased revenues.

After the 1980-1982 recession, there were no further recessions during the Reagan Presidency.
http://capitalgainsandgames.com/blog/bruce-bartlett/1632/reagans-tax-increases

Now, contrast that with what the economic dunce O'Bomber is trying to do. O'Bomber wants to raise income taxes on the jobs producing top 2 percent of wage earners in America. It's those top 2% of earners who are already paying more than 40% of all the income tax now.

posted June 01, 2011 12:11 PM            

but for the most part they started out as SMALL business people. who are NOT generally in the class obama wants to raise taxes on. if OVER 250K is the targetted income for higher rates, everything UP TO 250K is left alone. most people would have no problem with that. and i have a hard time with a millionaire who can't part with an extra 30 grand in times of need.

the IDEA of lowering taxes appears to be more important than the percentage. we are at a very low taxation point historically speaking. and when the clinton administration RAISED taxes more jobs were created than during the bush admin where they went down again.

and yes, reagan raised taxes on BUSINESS, so your whole chain of logic esp. about raising corporate taxes, is weakened. gas tax is not income tax either.

posted June 03, 2011 10:26 AM            

Jobs producers produce jobs. Those who want jobs either go into business for themselves OR, they go to work where the jobs are.

I know this is a difficult concept for leftists to get their minds around. But, in the real world, that's the way real wealth is created in the United States. People risk their capital to produce a good return on investment.

The fact leftists don't like it doesn't mean we're going to change over to a failed Socialist model to make leftists happy.

Emigrate!

Ronald Reagan did not raise income taxes in the 1980-1982 recession....he reduced the income tax load...and excess government regulations too.

posted June 03, 2011 04:15 PM            

but you are always carping about the "hidden" taxes when obama is the subject, whereas reagan's not so hidden taxes don't seem to bother you.