Posts belonging to Category Government Spending

Obama: The Economy is Good

The Dodd-Frank recession has been ongoing for almost two years. There are fears of a double dip recession but since we really haven’t climbed out of the current one, these fears are premature. All of this, in spite of passing a stimulus bill in excess of $862 billion on top of TARP bailouts. A second [...]

It’s Not What It Seems

While President Obama focused all his energies on passing the health care bill, the American people watched as the first stimulus bill failed to produce jobs.  While President Obama focused all his energies on passing the financial regulation bill, the American people watched as the second stimulus bill failed to produce jobs.  Now, as President [...]

Why Mr. Obama Will Never Serve a Second Term

The 2008-2009 Dodd-Frank Recession shrank United States Gross Domestic Product (GDP) by -10.9%. The policies of the Bush and Obama administrations further worsened the economy as unemployment hovers just below 10%. The Obama administration has followed in the footsteps of Franklin Roosevelt and replicated his failure.  Henry Morganthau, Treasury Secretary under Franklin Roosevelt, admitted, “”We [...]

American Observations #7

Mr. Obama is entitled to his own opinion but he is not entitled to his own set of facts.

American Observations #4

The national unemployment rate fell slightly in June: it’s now at 9.5 percent from 9.7 percent in May but expect it to be revised upward in a few weeks.  The unemployment rate did not only basically remain static but it also tells us we have a serious structural problem in our economy made worse by Obama’s [...]

The Ultimate Misery Index

The traditional Misery Index consisted of combining the unemployment and inflation rates. “The misery index was initiated by economist Arthur Okun, an adviser to President Lyndon Johnson in the 1960′s. It is simply the unemployment rate added to the inflation rate. It is assumed that both a higher rate of unemployment and a worsening of [...]

Okay, Let’s Be Bipartisan Now

President Obama’s first year in office was marked by total isolation of the Republican minority by a Democrat super-majority in Congress, one party back room rule absent checks and balances and a President who failed to extend a hand of bipartisanship but did extend his middle finger to the Republican minority.  Now President Obama wants [...]

Gabrielle Giffords is Nancy Pelsoi

Gabrielle Giffords likes to portray herself as a Blue Dog Democrat. Her voting record belies her Blue Dog claims. Giffords is a Nancy Pelosi clone: a radical far left liberal who voted the way Nancy Pelosi wanted her to vote. Let’s review the facts. The so-called $787 billion “Stimulus Bill,” which not one member of [...]

Congressional Culture of Corruption Continues 26 – Crisis Management? Nope. Management by Catastrophe

Fifty percent of the TARP money cannot be accounted, cannot be traced. Who received it? How was it used? Representative Dan Burton, R-IN, stated on the floor of the House, “Of the $700 billion, there are only about eight or nine places that we know where the money went. There are another 297 places that [...]

Dear President Obama . . .

Dear President Obama:  The Declaration of Independence clearly states, “We hold these Truths to be self-evident, that all Men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the Pursuit of Happiness–That to secure these Rights, Governments are instituted among Men, deriving their [...]