Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Wednesday, July 18, 2012

Obama and His Fellow Hypocrites, Masterful Poseurs

Obama and His Fellow Hypocrites, Masterful Poseurs

The following recent news stories have been covered on CNS.com but may or may not have been reported by President Barack Hussein Obama’s mainstream media. Probably not since, after all, they are Obama’s MSM.




1. Bill Clinton’s former pollster Stanley Greenberg commented on the possibility of Gov. Mitt Romney picking Condoleeza Rice for his vice presidential running mate.



Greenberg fulfilled his role as an Obamian poseur by comparing the prospect of a Republican choosing a pro-choice VP candidate to the Democrats choosing a segregationist.



Greenberg’s obvious racial/racist reference to Ms. Rice’s African-American heritage betrayed either his gross historical ignorance or his intentional effort to adhere to the Obama’s campaign’s strategy of distorting realities.



The Republican Party was the party of blacks in America from the time Republican Abe Lincoln freed the slaves up until FDR convinced them his raw deal was in their best interests and it was the GOP that stood up against segregationist Democrats such as KKK Grand Kliegel Robert Byrd and Al Gore’s daddy to pass the Civil Rights Act of 1964.



LBJ’s Great Society, which virtually obliterated millions of black family units and rendered more millions of blacks as economic slaves dependent on the government for survival, may have solidified the African-American bloc for Democrats. However, for Greenberg to suggest the Democrat Party is not the Segregation Party is as ludicrous as suggesting Democrats give a damn about the welfare of African-Americans.



2. Clueless and devious White House Press Secretary Jay Carney made the outlandish observation last week that his boss’s 2009 $831 billion economic stimulus package is “widely recognized to have broken the back of the recession.” . . .
(Read more at http://www.genelalor.com/blog1/?p=26959.)

Tuesday, September 20, 2011

Obama's Abomonible Obamanomics

Obama's Abominable Obamanomics

Ever wonder when you wake up in the morning if we’re blessed to be living in a rare age of wonderment, of great innovations and unprecedented progress? Or is ours a cursed era where little makes sense, where up is down, where truths are lies, where the formerly-understood has degenerated into massive confusion?

Our age is all of the above, though the nonsensical, falsehoods, misrepresentations, and confusions have upstaged innovative progress, taken center stage, and are evolving into the norm.

When President Barack Hussein Obama unequivocably declared in August, 2009 that the United States should never raise taxes during a recession, he seemed, even to me, sincere. When he said, “The last thing you want to do is raise taxes during a recession,” he seemed to believe what most rational people think, that the very thought of any government taxing money out of an already-reeling economy was incomprehensible.

That was then, this is now.

Two years later, with America’s economy still in pitiful shape, unemployment stuck at over 9%, poverty on the rise, the under-employed numbering some 26 million, those who hire not hiring for fear of the future, food stamps being doled out like candy at Halloween, the nation’s credit rating lower than ever before, our president is proposing $1.6 trillion in new tax levies.

Fear not, however. Those taxes, which he pledged would never be exacted during a recession, will only burden the filthy rich, i.e., anyone earning more than his constituents. The 45% of American workers who don’t pay a dime in federal income taxes now will continue to save that dime under his scheme and the wealthy would finally cough up their fair share.

Obama never lets facts intrude on his socialist ideology and intentionally ignores an Associated Press report which puts the lie to his populist soak the rich gambit.

The same AP that has twisted news to his advantage since 2007 exposed Obama for a tax charlatan by revealing the truth.

According to the CBO, ”On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor . . . They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government. The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes.”

So much for Obama-buddy multi-billionaire, Warren Buffett, so much for Obama’s wealth theories.

Regardless of his other misrepresentations, did we miss something here? Did the recession, when raising taxes was verboten, end and nobody noticed? . . .
(Read more at http://www.genelalor.com/blog1/?p=5500)

Tuesday, August 16, 2011

The Fantastical Wonderland of Barack Hussein Obama

The Fantastical Wonderland of Barack Hussein Obama

. . . Adeptly executing the blame game approach to governing, two weeks after he signed onto the bi-partisan debt ceiling agreement, Obama now calls the pact “a debacle” and blames “partisan brinkmanship” and plain old bad luck from overseas for his abject failures. (http://bit.ly/oexCxK)

A reality check: America’s economy was in the pits long before Europe’s upheavals, long before Japan’s tsunami and earthquake, long before the Mideast exploded, and long before Republicans made a half-hearted effort to effect fiscal sanity.

Next thing you know, our leader will be saying he really did close Gitmo, that he hasn’t really raised taxes, that Obamacare is constitutional, and that his bride has always been proud of her country.

Far more critical than any of those developments is a valid concern as to whether Obama is in his right mind when he contends he “reversed the recession.” That distorted thinking is contrary to all perceived reality and could be emblematic of an unbalanced mind which is significantly more dangerous than economies in upheaval, tsunamis, crazed Arabs, or angry Republicans!
(Read more at http://www.genelalor.com/blog1/?p=5219)

Monday, September 27, 2010

Scary People in the News, Part Two: Nassim Nicholas Taleb

Scary People in the News, Part Two: Nassim Nicholas Taleb

My second nominee for last week’s most scary people in the news is Nassim Nicholas Taleb, a brilliant, Lebanese-born scholar, mathematician, epistemologist, and best-selling author who is scary for reasons different from Malik Zulu Shabazz’ scariness.

Shabazz is scary because he’s a dangerous black supremacist. Taleb is scary because he validates the opinion of millions of people who believe the President of the United States hasn’t a clue as to what he’s doing.

Taleb is the author of The Black Swan, the Impact of the Highly Improbable. The Black Swan Theory” refers “to unexpected events of large magnitude and consequence and their dominant role in history.”

Taleb has concluded that Obama’s vaunted “stimulus,” the linchpin of the administration’s scheme for reviving and stimulating the American economy, the stimulus he now wants replicated, was probably the worst thing that could have been done toward that end.

Now, that’s not really news. The administration’s tried–and failed–mantra that, “Bush did it!” never did ring true since our economic mess was a bi-partisan effort caused not chiefly by GWB spending like a drunken Dem but by Democrat congresses. Bush was grossly wrong. However, for necessary perspective, it was the Dems–with Rep. Barney Frank, Sen. Chris Dodd, and ACORN in the vanguard–who made a bad situation worse..

Democrats set up the housing crisis which precipitated the banking crisis by forcing lending institutions, especially but not exclusively Fannie Mae and Freddy Mac, to grant mortgages to too many people who didn’t have a pot to pee in but whom Frank and Dodd magnanimously felt were entitled to the American Dream, to own a home of their own

That’s an admirable goal on its surface but pockmarked by the realities that many people aren’t prepared, financially or in practicality, to own a home.

All that aside, back to Professor Taleb who is scary mainly because he reinforces what economic conservatives have felt all along but haven’t had sufficient mainstream support to prove our contentions that Obama and his fellow hotshots, his economic gurus who believed spending gazillions of dollars, would lead the country back to prosperity if not to the land of boundless milk and honey, were and are horses’ derrieres.

It’s disconcerting to be right when being right means your country is in a financial pickle the likes of which we haven’t witnessed since the Great Depression and from which extricating ourselves will take generations, if we can succeed at all.

In a speech last week, Taleb charged that Obama and his merry band of economic clods weakened the country’s economy by seeking to foster growth instead of paying down the federal debt. That logical route to solvency was lost on Obama’s misbegotten band of inept advisors and may be in process of being phased out. . .
(Read more at http://www.genelalor.com/blog1/?p=1991)