Tag Archives: anti-business

Losing Ground

Apparently, our POTUS (you know who he is) is now blaming earthquakes and Europe for the disastrous economy here in our country.

He may have a golden tongue, but certainly has the opposite of the Midas touch.

In case you think that soundbite is a poor selection to hang your hat on, read this article from the Washington Examiner.

“The signal was clear. Obama had already ignored his own deficit reduction commission in preparing his annual budget, which was later rejected 97-0 in the Senate. Now he was signaling that the time for governing was over and that he was entering campaign mode 19 months before the November 2012 election. People took notice, especially those people who decide whether to hire or not. Goldman Sachs’s Current Activity Indicator stood at 4.2 percent in March. In April — in the middle of which came Obama’s GW speech — it was 1.6 percent. For May it is 1 percent. . . . The message to job creators was clear. Hire at your own risk. Higher taxes, more burdensome regulation and crony capitalism may be here for some time to come.”

Financial Future For Who?

Us? China?

There is way too much in the way of articles, essays, opinions to opine about here.

Instead, here are a few links to whet your whistle, or increase your angst:

China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing its ownership of the short-term U.S. government securities from a peak of $210.4 billion in May 2009 to $5.69 billion in March 2011, the most recent month reported by the U.S. Treasury. . . .”

29 Months into the most Left Wing U.S. Presidency and we are heading into an economic disaster.

More bad economic news.

I have one question:

How can one man, such as our President, solve this crisis when it is Congress that has helped him more than triple our indebtedness (and waants to spend even more) and our primary lender is separating itself from our poor financial dealings?

New Book Explains A Lot

A brief description of Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon:

In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.

Drawing on previously untapped sources and building on original research from coauthor Joshua Rosner—who himself raised early warnings with the public and investors, and kept detailed records—Morgenson connects the dots that led to this fiasco.

Get it at Amazon.

UPDATE: Gas Prices MythBusted

Just before Memorial Day Weekend.

Staying close to home? Here’s why.

UPDATE: As if anyone needed further explanation.

Orbitz Standing Tall

So much for (cough) Media Matters (does it really?) trying to coerce advertisers away from Fox News Channel.

Mediaite tells us what Orbitz told MM. Remember that name. They matter.

I’ll remember this when I make travel plans.

Conflicted

Yeah, Allahpundit hits a nerve (or more), I expect.

I think everyone should wake up and pay very close attention to the dealings up to and likely within the SCOTUS concerning any and all references/relationships of recent appointee Ms. Kagan with the Obamacare legislation.

Is her reputation at stake?

Ahem, as much as our own financial future? (Oh, forget all those waivers. Even the recent one where Nevada itself won’t have to worry about complying with Obamacare. If, that is, it isn’t terminated.)

You know, all those – waivers – are supposed to be relieving thosee that can’t afford Obamacare’s conscription.

Hmm. Anybody remember why all this started? Seems to me there was something about 47M, then 30M, people that couldn’t or wouldn’t pay for health insurance.

What are the waivers for again?

Thugs Unbounded

A summary of Wiscon’s troubles, compared to other states. And a few more tidbits.

Mark June 6 on your calendar for Wisconsin.

I agree with the last statement. The GOP better get its act together and be ready to fight as necessary.

Treasury to Tap Pensions

To fund the Government. And now, for you government employees, what are your thoughts on this?

The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

There’s a small graphic down the left side of the article displaying where the debt ceiling is.
Grab a barf bag and click to enlarge that graphic.

Because you are going to get sick when you see it.

Think Timmy will try to come after our private 401K’s next?

An Ad to Remember

Drill Baby Drill

Obama says, “No, we can’t.”

We say, “Yes, we can. We must.”