Early Jobs Projections Could Haunt Obama in 2012 – NYTimes.com

thecaucus.blogs.nytimes.com11/4/11

Friday's tepid jobs report brings a fresh reminder of the stubborn difficulty President Obama and his team face in overcoming the argument that his administration has failed to address unemployment.

Droves Of Democrats Balking On Obama 2012 | Politicons

politicons.net11/14/11

Radioactive Obama… Politico has a piece highlighting the droves of Democrats that are refusing to back Obama in 2012. …

Just one year from the 2012 election and President Obama is in an extremely perilous political situation.

The poor economy he inherited hasn’t recovered and has most likely worsened.

Published unemployment is stuck above 9% with real unemployment being around 18.5%

Long-term unemployment is at record post-war levels.

The housing sector, where most people’s personal wealth was and is concentrated, remains mired in deep recession.

The scandals surrounding Republican-led investigations into Solyndra and Operation Fast and Furious are deepening.

Obama Had Overwhelming Majorities In Both Houses Of Congress

Although the President had overwhelming majorities in both houses of Congress in his first two years, he has only two major legislative achievements to his credit:

The stimulus bill.

And Obamacare.

The stimulus bill is generally perceived as having been worse than a total failure, because it’s perceived as having been motivated more by politics than economics, and because much of the $800 billion was directed towards public service union members and liberal causes; i.e. "green energy", rather than real economic recovery.

Obamacare also remains deeply unpopular with the general public and is headed for the Supreme Court, which could well find its key provision unconstitutional next summer, just as the election gets into high gear.

The Economy And America’s Status

Budget deficits soared during the Obama years, with three trillion-dollar-plus deficits in a row.

And this has caused the national debt to swell to a level that, relative to GDP, has not been seen since the end of World War II and for the first time ever, the United States lost its AAA credit rating, which was a deep embarrassment for the country and also the administration.

Obama’s Ratings

So it shouldn’t be surprising that under these circumstances, that the President’s approval ratings have been in sharp decline, with some of his key supporting groups, including the youth and Hispanic voters to a greater or less degree abandoning him.

Obama’s Re-electability

No recent President was re-elected with unemployment above 7.8%, and that was in 1984, when unemployment was falling rapidly as a major economic boom accelerated.

So What Happened?

How did a man who three years ago won a higher percentage of both the popular and electoral vote than any Democratic presidential candidate since Lyndon Johnson’s landslide almost fifty years ago find himself fighting such uphill odds to keep the White House?

The answer to that seems to lie in the somewhat exceptional circumstances that existed during the 2008 election, and Barack Obama’s personality which fitted the times.

In 2008, the American electorate was thoroughly tired of both the Bush administration and the Republican Party, which had lost its majority in Congress in 2006 for the first time in twelve years.

The Republican field of presidential candidates in 2008 was a weak one, with the eventual winner, Sen. John McCain of Arizona, widely perceived as being too old for the job.

So Obama, who was only forty seven years old, seemed in contrast, like a breath of fresh air.

He seemed personable, articulate (nobody had yet focused on his TelePrompTer) and he was the first ever bi-racial candidate for a major-party nomination with any serious chance of winning.

His biggest opposition was Sen. Hillary Clinton, the first woman candidate who also had a serious chance of winning, but she was already well known to the American people, having been First Lady for eight years; and she carried a lot of baggage from her husband’s administration.

Obama, in contrast, was a blank slate and to some extent still is because of the main stream media which is still protecting him.

Obama Hid His Tracks

Obama only served a little over three years in the US Senate, where his record was thin, and he mostly voted "present” rather than take a stand on issues.

Which we can now see was because he didn’t want evidence that could later be used against him.

How Obama Won

The Obama campaign used his lack of Washington experience to the fullest, much like Herman Cain is using his now.

They cultivated an image of a new kind of president, one who would cut through the old Washington merry-go-round of partisan bickering and special-interest pandering.

He would be post-partisan, a President who would throw the special-interest moneychangers out of the temple of the nation’s capital.

Obama’s biggest advantage in the 2008 election however, was that the mainstream media, failed to reveal any of his major negatives, such as having been and active member of the New Party (communist) and promoted all of his seeming positives; simply because it so desperately wanted to see an extreme left-wing, bi-racial candidate elected.

So What Happened To Candidate Obama’s Promises?

Running for President and being President, are two entirely separate matters however, and once in the White House a new Obama emerged, one who was quite different from the post-partisan, special-interest-bashing one.

What metamorphosed, was a hyper-liberal ideologue who attended to his special interests, such as labor unions, as assiduously as any other Washington politician had ever done before.

And what’s more, an arrogance and a rigidity that had not been seen in the candidate before, became increasingly evident, and expressed itself in such things as his State of the Union speech in January 2010, wherein he publicly criticized the Supreme Court, many of whose members were sitting in front of him for one of its decisions, which was totally unprecedented behavior.

Soon Gone Was The Bi-Partisanship

"I won the election”, he bluntly told Rep. Paul Ryan when the latter tried to negotiate regarding Obamacare, and it resulted in his two major pieces of legislation passing with almost no Republican votes in either house.

The Tea Party

What happened next was a groundswell of opposition to the Obama administration’s big spending ways which quickly became known as the Tea Party, and it’s something that Obama naively or arrogantly ignored for too long.

Obama Vainly Ignored The Clear Writing On The Wall

Republican candidates did extremely well in the off-year elections of 2009, winning the governorships in both New Jersey and Virginia with control-the-spending campaigns, and even greater evidence of voters’ dissatisfaction was when Scott Brown, who was a little known Republican, won the special election to fill the Senate seat of Democratic icon Ted Kennedy in deep-blue Massachusetts in January, 2010.

Obama Has Been Slow To Learn

Obama simply made a few token political adjustments, and in November, 2010, a tidal wave election gave decisive control of the House back to the Republicans and added seven Senate seats to their column, with Republicans also winning races for governor and state legislative seats across the width and breadth of the country.

Obama did admit that he had taken a shellacking, but he seems no more willing to change his ways than before because his latest plan to stimulate the economy is little different than his first one, and it has no chance of being enacted.

Can Obama Win Reelection?

Unlikely unless:

The economy turns around.

The Republicans nominate another weak candidate, which is possible.

The Supreme Court upholds Obamacare, or avoids making a decision before the election.

Obama’s biggest problem however seems to be that he’s totally egocentric and believes that his way is the only right way.

It’s highly unlikely that he’ll change, and increasingly likely that he’ll be a one term president, which is something that he said that he’d prefer.

"I’d rather be a really good one-term president than a mediocre two-term president".

And if that comes to be, then he’ll be able to say that he was right about that too!

Related posts:

1. More Than Eighty Reasons Why Obama Shouldn’t Be Reelected!
2. New Poll Says Obama’s Base Is Crumbling
3. Obama’s Reelection Chances Don’t Look Good

Prison Planet.com » Rick Perry Would Back Israeli Attack On Iran

www.prisonplanet.com11/4/11

29 Responses to “Rick Perry Would Back Israeli Attack On Iran”. Quantummonkeybutt says: November 4, 2011 at 10:24 am. Nobel Peace Prize Winning Barack Obama (a.k.a. 'Baraq 'u Vama'): “War!!!” Perry: “War!!!” …

In Rick Perry's Speeches, a Growing Anti-Washington Theme …

thecaucus.blogs.nytimes.com11/4/11

As the Cain controversy explodes, Gov. Rick Perry of Texas is sticking to economic themes.

The somewhat obvious answer is, most likely, "Yes" to both questions.

But Why?

Dan Henninger categorically says what he thinks the U.S. can learn from Texas

The Texas Economy Is Huge

Rick Perry says that Texas is the most successful state in America and he’s right because Texas’ economic output even exceeds Mexico’s and Australia’s and is close to that of India’s.

Rick Perry has been governor of Texas for nearly eleven years, but does the logic of politics lead us to conclude that the governor of the nation’s most successful state is, ipso facto, the best man to be president of the economically gasping United States?

Texas, unlike California, isn’t America’s most beautiful state, and through October this year parts of Texas had 90 days of 100+ temperatures, yet companies and people keep moving into the high heat of Texas.

From Dan Henniger’s Wonderland

In a preview of his "Wonderland" column, Dan Henninger discusses what he thinks the U.S. can learn from Texas.

In 1990, one of the world’s biggest companies, Exxon Mobil, left New York City for Dallas. Exxon’s former CEO, Lee Raymond, says the move in part was indeed about costs and New York State’s notoriously overbearing tax authority. But it was also about working amid a culture of competence.

"It’s just the attitude in Texas of getting things done and doing them well".

This is about something beyond low taxes and no unions:

"In Texas the people tend to be farmers or individual businessmen, and they have this attitude".

"We have to make do with what we have and work together to get things done and survive".

"It’s can-do and that attitude permeates everything there".

Alan Boeckmann, until recently CEO of Fluor Corp., which is an engineering and construction firm, says:

"Regulatory and legal hassles pushed Fluor out of California. Congress passed Sarbanes-Oxley. California had its own version. There were constant class-action suits over Fluor’s benefits. It could have been settled, but not in California. That’s how the game is played there".

And when word of the 2006 move got out.

"California made no attempt to keep us. In Texas, things started to happen quickly, without us initiating them. The Irving Chamber of Commerce did orientation sessions for employees and spouses, even helping with new-house searches, and a street was renamed a street ‘Fluor Drive’, which in California or the Northeast would be laughable".

Smaller Fish Too

Ed Trevis, who is a smaller fish, is also happy.

Ed is a California-educated Brazilian immigrant and tech entrepreneur who operated in Silicon Valley for 25 years and moved Corvalent Corp. to Austin for similar reasons.

He had to hire a firm just to do California’s compliance.

"In California you are always doing something wrong".

"What I found in Texas is that from the standpoint of running a business, cost of living, education, the labor pool, quality of life, it just blew other states out of the water. I heard this constantly. People enjoy being in business in Texas".

More Points Of View

Technology consultant Bob Barker says while taking a visitor around the nearby hills,

"Austin may have more Ph.Ds driving taxis than any city in the country".

Austin’s famed population of big and small technology companies has suffered layoffs.

But Barker says:

"No one wants to leave. They stay, plugging into Austin’s numerous business-support networks. In Austin you discover a primary reason beneath Texas’ success. It’s about competition plus collaboration. It seems everyone in Texas high-tech knows everyone, and if they can help each other, they will".

David Booth, who moved Dimensional Fund Advisors’s headquarters to Austin from Santa Monica in 2008, puts Rick Perry’s role in perspective:

"He understands his job isn’t to get in the middle of everything".

Fluor’s Alan Boeckmann seconded that, and Mr. Booth and others said this is also true of the Texas lieutenant governor, its attorney general and the comptroller.

"They are very supportive of business",

says Lee Raymond,

"In the sense of moving things along. If there is a rock in the road, they want to know what they can do to move it out of the way".

Mr. Booth says:

"This isn’t merely the ‘pro-business’ bias of a Rick Perry or any other governor. Texas’ pro-business bias goes back about 175 years and never died. It’s just that they believe in the whole Horatio Alger myth down here. It’s hard to understand if you haven’t lived here".

Texas Or California?

Obama chose the California model and not the Texas one and look where America’s at!

The Texas mentality would be the same with or without Perry but he gave it free rein rather than bridling it, and it worked.

So This much Should Be Obvious

Texas, not California had better be the American future.

And somewhere inside of him, Rick Perry of Texas understands this distinction.

Related posts:

1. Would Perry Have Been A Good President?
2. Which Candidate Did Obama Fear The Most?
3. Rick Perry Believes in American Exceptionalism

Herman Cain's 999 Plan Draws Praise, Skepticism – Finance – CBN …

Cain's 999 plan is part of what's propelled him to the front of the GOP field. Although the plan is resonating with voters, it's drawing criticism from economists.

Publish Date: 10/15/2011 2:00

http://www.cbn.com/cbnnews/finance/2011/October/Herman-Cains-999-Plan-Draws-Praise-Skepticism/

Why I Support Herman Cain For President – Forbes

Neon Tommy

Why I Support Herman Cain For President Forbes The author is a Forbes contributor. The opinions expressed are those of the writer. I have decided to support Herman Cain for president of the United States, and have joined his team of economic advisors. Central to my support are Cain's pro-growth … Cain's 999 Plan A Payoff For Koch SupportLez Get Real Interview with Presidential Candidate Herman CainRealClearPolitics Cain's 9-9-9 Plan: A Step In The Right DirectionNeon Tommy Patch.com -Daily Beast -OpEdNews all 5,377 news articles »

Herman Cain Wants To Kill Our Tax Code!

Herman Caine is the only GOP presidential candidate that wants to do it, and he’s rising super fast in the opinion polls!

The 999 Plan Isn’t Perfect

But like they say,

"Good should never be the enemy of the perfect" – Voltaire

and Rep. Paul Ryan just gave the plan a thumbs-up!

Art Laffer agrees and says,

"It would be far, far better than the current system".

*Arthur Betz Laffer is an American economist who first gained prominence during the Reagan administration as a member of Reagan’s Economic Policy Advisory Board (1981–1989).

And Chris Chocola, the president of the free-market Club for Growth, calls it,

"A truly revolutionary tax reform that would amount to a massive job-creating tax cut on investments, savings and income".

What Is Caine’s 999 Plan?

A 9% income-tax rate.

A 9% value-added net sales tax rate on business.

And a 9% national sales tax overall.

The sales tax part has come under attack from both sides of the political spectrum with many conservatives worrying that it will start at 9% and gradually get raised, whilst a good number of Liberals oppose it because they say its regressivity will hurt middle- and low-income people.

* A regressive tax imposes a greater burden, relative to resources, on the poor than on the rich because there is an inverse relationship between the tax rate and the taxpayer’s ability to pay as measured by assets, consumption, or income.

Cain’s Rebuttal Of Sales Tax Criticism

Everybody below the poverty line will be exempt from the sales-tax and the sales of existing goods will be exempt.

The sales tax will pick up revenue and help to lower the rate for everybody, especially the middle class.

And Caine’s economic adviser, Rich Lowrie says that.

"The sales tax is a replacement tax, not an add-on tax like you’d find at the state level. This is a key point. All we are doing is pulling out taxes that are invisible. We’re cutting the rates. We’re putting them back in at lower rates".

Lowrie is referring to the payroll tax, which in the Cain plan will go from 15% to 9% which constitutes a net tax cut and a good deal more transparency regarding costs and prices that are embedded in the current code.

"The 9-9-9 plan will add $2 trillion to U.S. gross domestic product, create 6 million jobs, increase business investment by a third and lift wages by 10%. And if you fold all that growth together, federal revenues go up by 15%", said Lowrie,

Would It Work?

Such a gigantic drop in marginal tax rates for individuals, 35 to 9%, or to 18% including the sales tax, and for businesses also from 35 to 9% would supply an incredibly strong economy-wide growth incentive, and if you’re looking for proof, then you need go no further than the Harding-Coolidge-Mellon tax cuts of the 1920s, the John F. Kennedy tax cuts of the 1960s and the Ronald Reagan tax cuts of the 1980s.

Remember, too, that the Cain tax plan would eliminate the double-tax on saving and investment by removing capital gains, estates and dividends from the tax code.

Given the current economic malaise, which in large part can be traced to the weakened balance sheets and net worths of families suffering from the multi-year slump in stock prices and home values, increasing returns to saving and investment through a much lower marginal tax rate should boost asset values, and might be just what the doctor ordered.

As for businesses, not only would they get a globally super-competitive 9% tax rate, but they’d receive 100% expenses for new purchases of capital equipment.

Gary and Aldona Robbins who once worked at the treasury priced out the Cain plan on a static basis and discovered it to be revenue neutral.

And the models suggests a $26 trillion tax base yielding $2.3 trillion in revenue for a 9.1% overall rate.

No Federal Or State Tax But Just A Sales Tax

I’ve personally yet to have anybody to explain to me why simply having a sales tax instead of ALL the other taxes wouldn’t be fairer.

The rich would spend more than the poor and therefore pay more tax, and what could be simpler than that?!

Tax preparers understandably hate the idea of course because simply having just a sales tax would put around 100,000 out of work.

Related posts:

1. Obama Owns The Economy Now
2. Twenty Questions Obama Needs To Answer
3. Will Youths Blacks And Hispanics Desert Obama?

Obama to offer his own deficit reduction package (AP)

WASHINGTON – Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to… … The administration also identified $430 billion in savings from lower interest payment on the debt. Obama backed away from proposing sweeping changes to Medicare, following the advice of fellow Democrats that it would only give political cover to a privatization …

Publish Date: 09/19/2011 5:46

http://newsretrieval.info/?p=3613

Allan Abramson: The Debt, the Deficit and Jobs: What Obama …

www.huffingtonpost.com11/7/11

Of course we can afford the current debt, and we probably could handle another $10 trillion, but who wants to go deeper in debt when we have so much to do to revive the economy and to put people back to work?

Ready To Be Shocked?!

DID YOU KNOW?

Did you know that the US Federal Government spent $413 billion on INTEREST PAYMENTS just last year?!

Since 1988 the US congress has spent 8 trillion in interest payments alone!

According to the non-partisan CBO (Congressional Budget Office) by the year 2021 interest payments will reach 1.1 trillion dollars a year!

By the year 2046 every single dime of Federal Income Tax revenue will be spent on interest!

If congress stopped ALL spending today and made payments of one hundred million dollars a day, it would take 389 years just to pay off the debt!

When politicians talk about reducing the deficit they are not talking about reducing the DEBT!

What can you do about it.

Get people to watch this video and GET INVOLVED !!!

Because if you don’t, it might well mean the end of the greatest republic the world has ever known!

Related posts:

1. Does Obama’s $8.6 Trillion Deficit Worry You?
2. As The Deficit Grows, So Does The Skepticism
3. Can America Survive This Administration?

Can GOP’s new front-runner Rick Perry take the heat? – USA Today

USA Today

Can GOP's new front-runner Rick Perry take the heat? USA Today "I've taken the heat before, and I'm not particularly worried about this barrage," Perry said in an interview with USA TODAY during a day of campaigning to friendly audiences in Iowa, where he hopes a victory in the opening caucuses next year will help … and more »

Perry: President emboldened Palestinians to seek statehood « Hot Air

Rick Perry said today in a speech in New York. “We are … Perry isn't the only person who thinks the president's policies on Israel have led the Palestinians to believe they have the wiggle room to make this bid for statehood. …

Publish Date: 09/20/2011 19:45

http://hotair.com/archives/2011/09/20/perry-says-president-emboldened-palestinians-to-seek-statehood/

Presidential Hopeful Rick Perry Unleashes All-Out Assault On …

The United Nations confrontation over Palestinian statehood became a major issue in the U.S. presidential race on Tuesday. Leading GOP contender Rick Perry accused President Barack Obama of appeasing terrorists and …

Publish Date: 09/21/2011 1:38

http://newyork.cbslocal.com/2011/09/20/presidential-hopeful-perry-unleashes-all-out-assault-on-obamas-israel-policies/

Pistol-packing Texas Gov. Rick Perry who boasts imposing job-creation credentials, powerhouse fund-raising clout and instant appeal to the GOP’s conservative base now looms large as front-runner Mitt Romney’s worst nightmare, and Obama’s too.

Mitt Romney Will Need A New Game Plan

Dwayne Horner, a Dallas-based Republican consultant who served on Perry’s 2010 gubernatorial re-election campaign says:

"Romney needs to understand that the game has changed. His whole campaign is on notice after this announcement. He now has someone running against him who can beat him. Romney’s going against someone who’s created jobs, who embraced the Tea Party early on, and who has a record unmatched in Texas history".

And political observers are warning:

"Perry’s an evangelical Christian who carries a Ruger .380-caliber handgun, knows how to run a bare-knuckle campaign and he takes no prisoners".

Leonard Steinhorn, a political professor at American University pointed out that:

"Perry filleted his opponent during his 2010 gubernatorial campaign. Romney can’t just coast and act like President Obama is his only opponent anymore. Rick Perry is going to go after him, and he better be ready".

Live Free Or Die

Perry hit the early primary states of South Carolina and New Hampshire yesterday, touting his 11-year record as governor, adding that 40% of the nation’s new jobs since June 2009 have been created in Texas.

“I feel right at home amongst people whose motto is ‘Live free or die’, and I intend to compete for every vote in every state. This isn’t a strategy just to go work in a few places. We’re going to go all across the country".

Perry is expected to garner the most support in socially conservative states like South Carolina and Iowa, but his job-creation story is already catching the attention of Granite State voters.

“We have too many people who are out of work. We need someone who has a track record of creating jobs",

said N.H. state Rep. Jon Richardson (R-Allenstown), who is still deciding between Perry and Romney.

“He has to go from zero to 60 miles per hour overnight, which will be tough. Romney’s experience having been around this track once before and years of planning and organizing are a big advantage",

said Republican consultant Mark McKinnon.

Rick Perry Highlights From The RLC & Who Does Obama Fear The Most

Related posts:

1. Would Perry Have Been A Good President?
2. Rick Perry Believes in American Exceptionalism
3. Ed Schultz Used Edited Video To Misrepresent Rick Perry

Tea Party | Elections | Conservative | The Daily Caller

dailycaller.com11/27/11

Is the tea party's enthusiasm waning? [VIDEO] | Tea Party Patriots organizer answers.

Colin Powell | Christiane Amanpour | Tea Party | Mediaite

www.mediaite.com11/27/11

Former Secretary of State Colin Powell has no faith in the Tea Party's ability to produce a president. This he noted today in a discussion with Christiane Amanpour on This Week, where he lamented the very tense tone …

Blaming the Tea Party Is Like Blaming The Firemen Who Came To Put Out The Fire!

Sen. Ron Paul

"A lot of us were elected to put out the fire, handle the debt. That’s why we went to Washington. That’s why we ran for office. Now they are going to blame the debt on us, when we came to try to fix the mess?"

"It is ludicrous on the face of it. I think it is an example of the failure of leadership that he will not accept responsibility. I think we are getting to the point where he’s going to have a failed presidency". Senator Rand Paul (R-KY)

"He got the budgets he wanted. He had both houses of congress. He got the stimulus and health-care that he wanted. This is his economy his record debt. Four times the worst year President Bush had" – Sean Hannity

A prescient article, Obama And The Missing Paper Trail that was written back in October 1978 stated:

Would Barack Obama be likely to fulfill his campaign promises of hope and change if he were elected President?

Judged by his previous achievements the answer would have to be a resounding ‘No’.

When faced with past failures he has always tried to obscure them, and if or when that was not possible he has blamed others.

The many “successes” that he has claimed in campaign speeches were often due to the work of others, but he always took, but never gave credit for them.

Related posts:

1. Obama Owns The Economy Now
2. Will Youths Blacks And Hispanics Desert Obama?
3. The Main Stream Media Failed

Did S&P Downgrade Your Bank? | The Daily Capitalist

dailycapitalist.com11/30/11

Did S&P Downgrade Your Bank? By Jeff Harding, on November 29th, 2011. S&P issued new ratings for the world's 37 largest banks. Was your bank upgraded or downgraded? As a public service, I have included the entire list. Standard …

S&P: No U.S. Credit Rating Downgrade Despite Supercommittee Fail

www.huffingtonpost.com11/22/11

WASHINGTON — Credit rating agency Standard & Poor's says it will not downgrade the U.S. government's credit rating because a Congressional committee failed to come up with a plan to trim deficits by at least $1.2 trillion …

As you most likely already know, the U.S. had its AAA credit rating downgraded for the first time by S&P, which slammed the nation’s political process and said lawmakers failed to cut spending enough to reduce record deficits.

If you already know the bad news, but don’t know exactly the reasons for the downgrading then maybe watch the vid!

Aug 5, 2011 David Beers, the London-based managing director of sovereign credit ratings at Standard & Poor’s, talks with Bloomberg’s Tom Keene about S&P’s downgrade of the U.S. credit rating.

It’s a pity that David Beers stammers and says so many “ahs”, but it’s perhaps understandable because he’d never been in such a hot-seat before.

Just imagine the heat that he’s getting!

Related posts:

1. Will Moody’s & Fitch Downgrade America’s Credit Rating?
2. China Has A Much Lower Credit Rating Than The US
3. Paying Off Debts Will Improve Your Credit Rating

Marco Rubio | Debt | Weak economy, high debt require immediate …

dailycaller.com6/21/11

If we don't act now, our children and grandchildren will never forgive us.

Marco Rubio's Debt-Ridden Plan.

prospect.org7/15/10

Like most Republicans, Florida Senate hopeful Marco Rubio has taken to attacking President Obama on debt and deficits. Rubio hit Obama on the deficit in a June interview with Newsmax, and on the "Cutting Government …

Senator Rubio is certainly impressive, and I can quite easily imagine him being asked to be a running mate by either Perry or Romney if one of them wins the primaries.

The video below has been edited down and hopefully contains the highlights of Sen Rubio’s address to the Senate.

The full text of Sen. Rubio’s speech is available for download.

Related posts:

1. What’s The Tax Debate All About?
2. Obama Owns The Economy Now
3. S&P Downgraded US Credit Rating Because Of Huge Deficits

Community Organizer Obama on Republican Economic Theory: “It …

www.thegatewaypundit.com12/7/11

President Obama, in one of his most expansive speeches to date, declared on Tuesday that supply-side economics is a failure and called “gaping inequality” across the country a moral shortcoming that is distorting American …

Obama says economic 'inequality' hurts everyone – CNN Political …

politicalticker.blogs.cnn.com12/6/11

(CNN) — President Barack Obama said Tuesday that economic inequality in America is at "a level we haven't seen since the Great Depression" and "hurts us all.

Here are four recent headlines.

“U.S. Manufacturing Growth Slows Substantially!”.

“Housing Imperils Recovery!”.

“Private Sector Added Few Jobs in May!”.

“Moody’s!”.

And they are all very bad news for Obama’s reelection chances in 2012 !

Obama Now Owns The Economy

Jimmy Carter owned the 1980 election-year economy and George H.W. Bush owned the 1992 election-year economy and both were one-term presidents.

Barack Obama however, has seemingly taken ownership of the 2011 economy, a full year and half before he has to face the voters which is great news for the GOP!

Obama’s self-confidence is famously limitless, but is almost certainly founded on vanity and not on facts.

During his hyper-partisan deficit speech at George Washington University in April, Obama raised major expectations of economic seriousness and then somewhat unexpectedly, dropped them over a cliff.

The day before that speech, most of Washington expected Obama to make a major policy statement about the big deficit-reduction debate that was then unfolding, but the president sadly contributed nothing.

Instead he ridiculed and derided the Republican leadership seated before him and with that speech, Mr. Obama effectively kicked off his 2012 presidential campaign, and in so doing politicized the economy.

Whether you agree or disagree with it, Paul Ryan’s budget which was released just one week earlier, was all about policy, and the Republicans were actually offering to take part-ownership of the economy by spending the year in dense discussions about the deficit and spending.

Bad Timing For Obama

Obama’s timing was not good to say the least because Americans are starting to panic about the economy, the persistently high unemployment and persistently weak growth.

Private forecasters have reduced their estimates for economic growth the rest of the year well below the 3%-plus the Federal Reserve predicted in April and the Fed’s 2012 growth forecast runs as high as 4.2% meaning that they must be using high-powered binoculars or telescopes.

The Failed Stimulus Package

The policy most explicitly intended to reboot the economy was 2009′s $814 billion stimulus, plus successive budgets that raised federal spending to 25% of a $14 trillion economy.

But in this year’s first quarter, the economy grew at only1.8% !

And What’s Worse

The housing sector, which is a monumental and intractable mess is choking the economy; and how did the White House respond?

The president allowed (or told) his “adviser” Elizabeth Warren of the new Consumer Financial Protection Bureau to involve banks and mortgage servicers in negotiations over a complex regulatory scheme whose goal is literally, “to fix their business model”.

And Worse

The White House now says the free trade agreements with Colombia, Panama and South Korea will be delayed absent payouts of more money for “trade adjustment assistance”, which means that unless the Republicans can force a change, that the last two years of uncertainty for trade commitments, will be extended

Is It Fair To Blame Obama?

Yes it is!

Because the US president made conscious policy choices during a deep recession to vastly reorder vast swaths of American industry and economic growth, like a long gray day, sits still below 3% !!!

Related posts:

1. Will Youths Blacks And Hispanics Desert Obama?
2. Would Cain’s 999 Have Beeen A Good Thing?
3. Twenty Questions Obama Needs To Answer

Conservative Musings: Obama's Love For Israel–Wrong!

political-conservatives.blogspot.com12/7/11

Obama's Love For Israel–Wrong! We have never felt that Obama was a friend of Israel and the latest rant by Leon Panetta adds more evidence to the conclusion. No matter how many times he tells us about what a good friend …

Anti-Israel Left a threat to Obama? – The Arena | POLITICO.COM

www.politico.com12/7/11

The Arena is a cross-party, cross-discipline forum for intelligent and lively conversation about political and policy issues.

Prof. Alan Dershowitz says in a recent interview that Obama’s announcement that Israel’s return to its ’67 borders would be a good starting point for negotiations has made the possibility of a peace agreement further away now, than it’s ever been!

And he added that it’s Obama’s second big mistake when trying to get the Palestinians and Israel to reach a negotiated settlement, with the first major mistake being to insist that Israel put a freeze on all settlements.

Also mentioned are the Palestinian’s demand for a full right of return, and the issue of land-swaps.

And Bibi obviously felt that it was high-time to counter Obama’s speech with a strong one of his own!

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