Herman Cain: “”You can demonstrate all you want to on Wall Street, the problem is 1600 Pennsylvania Avenue!!!”


Via HotAirPundit blog, Herman Cain spoke at the Values Voter Summit tonight…..and he received a standing ovation during his fiery speech!

He told the Occupiers of Wall Street to “move it to the White House”!

Herman Cain is spot on accurate…..a reminder of what the White House has done here or here….Wall Street didn’t do it!

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Even better – Obama’s disastrous Presidency- in video form!


(Hat tip: Ace of Spades)

Obama’s disastrous Presidency – in graphic form


This chart needs no commentary or introduction. Please spread it around. From John E. at Ace of Spades:

Is “hope and change” / left-wing agenda caving in on its own weight?


(Photo: politifake.org)

As I read through news stories the past several weeks, even just days, it seems there is a common theme to a lot of news and political stories:  the left-wing agenda seems to be crashing down around itself.

Don’t get me wrong….the America apologists, statists, socialists, and global warming maniacs among us will not be raising the white flag any time soon.  But the more they double-down on their agenda, it seems, the more reality is telling a very different story than theirs.

A key indicator that voters are fed up with the antics of the last 2 1/2 years?  How about the GOP defeat in New York City District 9 in Tuesday’s  special election.  The HUGE win by the GOP marks the first time a Republican has held that seat since 1923.

In the largely Jewish district in New York, it is believed that the election was referendum on Obama’s policies on Israel, the building of a mosque at Ground Zero, and local political issues like the handling of the 9-11 anniversary.  Some also believe it was a partial referendum on New York’s same-sex “marriage” law.

When it comes to things like the building of a certain mosque, the 10-year anniversary of the attacks on 9-11 and Israel, “for every action” there has come “an equal yet opposite reaction” and the first responders have again risen from lower Manhattan…….

(on the mosque)…An August CNN/Opinion Research Poll showed 68 percent of all Americans opposed the idea. It is hallowed ground, a sacred wound……As Larry Hart of Examiner.com put it; “There are 3,000 families backed up by millions of New Yorkers backed up by hundreds of millions of Americans that are saying ‘no, you can’t build it here.'”…..Still, in spite of overwhelming public outrage for what is considered a blatantly intentional insult, David Weprin – as did Barack Obama – sided with the imam.

(on 9/11)….Weprin suffered the reflexive voter slap for Democrat Mayor Michael Bloomberg’s salting snub in not inviting New York’s first responders to the official ten-year anniversary ceremony. Still, while it was ultimately the mayor’s decision to exclude the men and women who are still seen by most of us as heroes, the president did not object. Just as American’s will “never forget” the horror of 9-11 they will remember Obama’s silence on this sensitive matter – as well as his support of the mosque – in November 2012.

(on Israel)…Who can forget the day when Barack Obama stood before cameras and the world and advised Israel to reconfigure its border to their 1967 lines in compliance with Palestinian demands?  …Ed Koch feels quite differently. In fact – according to the New York Post – the Jewish former Democrat Mayor and Holocaust survivor endorsed Bob Turner with the express purpose of sending a message to Obama that would clarify the severity of the destruction. …..   Obviously, the majority of those who showed up at the polls on Tuesday got the memo.

More crash and burn?  Take the news today that a Nobel Laureate physicist is resigning his physics society post due to global warming.  No, he doesn’t believe the earth will burn up in two weeks and he just wants to spend those two weeks enjoying himself….but quite the opposite:

Dr. Ivar Giaever, a former professor with Rensselaer Polytechnic Institute and  the 1973 winner of the Nobel Prize in physics, abruptly  announced his resignation Tuesday, Sept. 13, from the premier physics society in  disgust over its officially stated policy that “global warming is occurring.”

Giaever was cooled to the statement on warming  theory by a line claiming that “the evidence is incontrovertible.”

“In the APS it is ok to discuss whether the mass of  the proton changes over time and how a multi-universe behaves, but the evidence  of global warming is incontrovertible?” he wrote in an email to Kate Kirby, executive officer of the physics  society.

“The claim … is that the temperature has changed  from ~288.0 to ~288.8 degree Kelvin in about 150 years, which (if true) means to  me is that the temperature has been amazingly stable, and both human health and  happiness have definitely improved in this ‘warming’ period,” his email message said.

Even more to the point and proof that Al Gore’s maniacal rages and Obama’s “green jobs” are not moving the public to their “incontrovertible” positions:

Public perception of climate change has steadily fallen since late 2009. A Rasmussen  Reports public opinion poll from August noted that 57 percent of adults  believe there is significant disagreement within the scientific community on  global warming, up five points from late 2009.

The same study showed that 69 percent of those  polled believe it’s at least somewhat likely that some scientists have falsified  research data in order to support their own theories and beliefs. Just 6 percent  felt confident enough to report that such falsification was “not at all  likely.”

And speaking of “green jobs”….it seems Obama’s BIG effort for green jobs creation has been nothing but an Obama campaign-crony-socialist-stimulus crock of potentially illegal and shady activity!

In February, the administration renegotiated with Solyndra’s billionaire investor- remember the one who was also a big contributor to the Obama campaign?- as the company was failing. That deal allowed billionaire George Kaiser’s foundation to jump ahead of the American taxpayers for all but $150 million of the government’s $527 million loan in any company bankruptcy.

Oh, and it’s a transaction that also happens to be illegal. Although Democrats are floating the idea that the government has the authority to make the taxpayers take a back seat to Kaiser in a bankruptcy, sources close to the investigating committee say that a plain reading of the statute never allows taxpayers to go to the back of the line under any circumstances.

In other words, under the law, the government always has the obligation to protect taxpayer money in any case, including a bankruptcy. It’s a novel concept for this administration, but it happens to be the law.

…….(from Bloomberg) When the Solyndra loan was restructured in February, OMB found in a preliminary analysis that liquidating, rather than renegotiating, would give the U.S. “greater recovery” of its investment, the committee said in the report. The company sought bankruptcy protection six months later.

Why then would the administration allow a billionaire to jump ahead of taxpayers as the company spun into bankruptcy?

Is the leftist agenda caving even further?

Yes. Speaking of bankruptcy and overall poor economic and employment performance….just soak in these headlines/articles for further proof that “Obamanomics” is a HUGE failure.  He needs to go in 2012.

Jobless Claims Rise Again — 428K Weekly First-Time Benefits Requests

Mortgage default warnings spiked in August, signaling potential new foreclosure wave

$1.29 Trillion Federal Deficit

By the Numbers … Obama’s Historic Record of Failure (ie Fannie/Freddie, GM, Cash for Clunkers, US Debt Downgrade, historic debt, historic spending….)

Obama’s current policies seem to resemble an avalanche….a large, ever-increasing wave of corruption, failure, and arrogance rolling us all downhill…..all thanks to ‘ol Mr. Greek Columns and his “hope and change”.

Obama’s loss of support and accompanying critics?…well…it couldn’t happen to a nicer god guy.

Speaking of critics….. do you know what Obama’s response is to his criticsAttackWatch.com.

The Obama campaign is launching a new website to handle misinformation against President Obama,” reports the Hill. “In an email, Obama’s reelection campaign manager, Jim Messina, announced the formation of AttackWatch.com“:

“Forming the first line of defense against a barrage of misinformation won’t be easy,” Messina wrote in a fundraising email to campaign supporters. “Our success will depend on a team of researchers and writers to stay on the lookout for false claims about the President and his record, bring you the facts, and hold our opposition accountable.”

The site features ominous red-white-and-black graphics and a form calledReport an attack.”

What an arrogant and creepy little idea:

The whole thing is both creepily paranoid and bumblingly buffoonish….produced by a chimera of Richard M. Nixon and Wile E. Coyote.

So true….It is serious that we have such a paranoid as President and the failures of his policies is critical. But laughing in the face of trouble is not a bad thing….Check out the thousands of funny Attackwatch jabs and quips on Twitter!  (#AttackWatch)

Warren Buffett flunked simple math


In mid-August, after the debt ceiling debacle, Warren Buffett made the announcement that the “super rich” should pay more in taxes.

Buffett is speaking in Obama “class warfare”-ese these days.   But, as with most wealthy class warfare preachers, he has not practiced what he preaches.

Buffett has money to spare, apparently, but has never taken the lead on the issue and written that EXTRA check to the IRS to get the ball rolling.  As a matter of fact, he even admits to using the tax “loopholes” that he now he believes are immoral or something.

And one would presume that Buffett believes that our federal government can spend and invest that money more wisely than those who earned it.

But if Buffett believes that taxing the “super rich” would make a dent in our debt (short or long term), then I seriously question the “brilliance” of this man.

At Verum Serum (with help from the Tax Foundation), the numbers have been crunched and Buffett’s proposal makes little sense in taming a debt that is out of control.

Suppose Mr. Buffett got his wish and loopholes and deductions were eliminated, making it possible to tax the “super-rich” (those earning $1M – $10M per year) at an effective rate of 50%.

The result is it would theoretically (in reality people would find ways to protect their money) bring in enough to drop next year’s deficit by 8%. This amounts to 1% of our current debt. But Buffett also envisioned a super-tax on those making over $10 million a year. It’s an easy sell since few of us are so fortunate but what would it accomplish? Again, the Tax Foundation crunched the numbers and found that a 100% tax rate on these individuals would reduce the deficit by 12%.

Obviously it wouldn’t take long for a 100% tax rate to lead lots of very rich people to relocate overseas. You could probably only do this for a couple years, but apparently Buffett hasn’t thought this through very carefully.

So taking half of the yearly income from every person making between one and ten million dollars would only decrease the nation’s debt by 1%.  Even taking every last penny from every individual making more than $10 million per year would only reduce the nation’s deficit by 12 percent and the debt by 2 percent.

Even if we go to ridiculous extremes, i.e. 100% tax rates, Buffett’s plan could at most reduce the deficit by 20%. The other 80% has to come from cuts in benefit programs like Social Security, Medicare, Medicaid and Obamacare. This is a classic 80-20 problem.

So does Buffett really want to give away 100% of his wealth to the government?  Yea, well…I didn’t think so.

So what drives a supposedly lsmart man like Buffett to propose such an idiotic way to solve the debt problem in Washington?

For starters, just look at the picture on this post.  He’s cozy with Obama.

Other than that….you make the call:

Buffett is a social progressive who supports the President. Like Obama, he knows that increasing taxes is more significant as a political point than as a solution to our debt problem. His recommendation has little practical value but much rhetorical value to the left. Either Buffett is acting as a partisan or he can’t do simple math. Your call.

So the Obama “stimulus” was a boondoggle/slush fund after all…who knew?


So the “stimulus of all stimuli” that was to be the big economic recovery miracle as touted by the Obama administration and Democrats in Congress in 2009….well it has been the worst effort at recovery since the great depression.

In other words, Obama’s famous “shovel-ready” stimulus slush fund has erupted and is slinging molten “shovel-empty” failure all over the economy.  

To be fair, of course, Obama has stated that there are no “shovel-ready” jobs….AFTER getting his slush fund passed.  So I guess all of that pre-stimulus rhetoric was really just President Obama shoveling something else out onto the American people. 

What actually happened in place of the “shovel-ready’ jobs?

From Investors.com:

A new study by economists Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State found that despite the influx of all that federal money, highway construction jobs actually plunged by nearly 70,000 between 2008 and 2010. 

As the authors explain, many states simply took the free federal money and shifted their own highway funds to meet other needs. In fact, in some states, highway spending dropped, even with the added federal money.

Examples cited in the study:

• Texas got $700 million in highway stimulus funds last year, but spent $560 million less on its roads in 2010 than it did in 2009.

• New York’s highway spending was basically unchanged between 2009 and 2010, despite getting $522 million more in federal highway bucks.

• Michigan boosted its highway spending just $17.4 million, far below the $189 million extra the feds handed the state for highway improvements.

The Department of Transportation, meanwhile, found that 21 states weren’t abiding by rules meant to prevent just this sort of shell game.

So what can we conclude when all of the Obama stimulus BS is shoveled away?

Conley and Dupor found that, overall, the $500 billion in stimulus spending did “create or save” 443,000 state and local government jobs, but it “destroyed or forestalled” 1 million private-sector jobs. In part, they say, that’s because the growth in state jobs crowded out private-sector job growth.

These results fly in the face of the White House’s continued claim that without the stimulus things would have been far worse, pointing to studies showing that it “created or saved” millions of jobs. But these studies rely on economic models that assume extra federal spending will lead to job growth, so it’s hardly surprising that they found it.

In the end, though, it doesn’t take a statistician to settle this matter. The simple fact is that Obama’s spendthrift ways produced the worst economic recovery since the Great Depression, with GDP growth far below, and unemployment far above, the trend set in previous recoveries.

Indeed, if Obama’s recovery had kept pace with Reagan’s after the equally deep and painful 1981-82 recession, we’d have 2.5 million more people with jobs right now.

So, when you add it all up, the stimulus plan left us with fewer people employed, a much bigger debt and still facing a big infrastructure problem. Even for government work, that’s pretty lousy.

So we have fewer people employed…what an understatement.

We have hovered at a 9 to 10% unemployment rate since the stimulus was forced upon us.  The Obama administration promised before the passage of the boondoggle stimulus that unemployment rate would not go above 8% with the “stimulus”.

(Graph: GatewayPundit.RightNetwork.com)

Further, Obama recently claimed that many of the jobs were lost in the public sector. 

CBS’s Mark Knoller, covering a town hall on the economy with the president this morning, reports: “President Obama blames high unemployment rate on ‘huge layoffs of government workers’ at federal, state and local levels.”

That is an outright lie conveyed by our President…much like the misleading rhetoric he spouted pre-“stimulus”.  Proof comes from the Bureau of Labor Statistics via ScottGrannis.blogspot.com and Gateway Pundit:

Source: scottgrannis.blogspot.com
 
And no recovery discussion would be complete without seeing the full picture of deficits that are producing crushing debt — to the current tune of about $14 Trillion— that is mounting upon Americans born and unborn.

Source: Heritage.org

 This is what “hope-n-change” and phantom shovel-ready projects will do for you, America!

Scott Walker is the definition of “winning the future” with political courage


Hateful thugs march on Madison in February, 2011

In the last two months, Governor Scott Walker of Wisconsin took a stand against deficits and the thuggish tactics of the public sector unions.  He has kept the long view on both and appears, by fiscal accounts, to be winning.

The unions went all in against Scott Walker and the Republicans in Wisconsin in the past two months.  First they paralyzed state government while Democrats fled the Senate, and when that failed to derail public-employee union reform, they spent a fortune trying to unseat a conservative justice on the Supreme Court in what normally would have been a sleepy election.  That effort failed as well, and the unions are about out of plays for the next eighteen months.

Walker has played long ball, however, and his economic policies got a major boost yesterday from the state’s budget office.  His new budget will keep property taxes from rising more than 1% each of the next two years, and his proposal has all but eliminated the state’s deficit:

The property tax bill on the typical Wisconsin home would rise by less than 1% annually over the next two years under Gov. Scott Walker’s proposed budget, the Legislature’s nonpartisan budget office reported Friday.

The Legislative Fiscal Bureau also said Walker’s plan would put the state’s finances in the best shape they’ve been in for more than 15 years.

It found the so-called structural deficit – the imbalance between spending and tax revenue as laid out in state law – for the 2013-’15 budget would be $31 million. That assumes Walker’s budget passes the Legislature without new spending increases or tax cuts that would add to the deficit.

Under its existing form, Walker’s budget leaves the state with a fraction of the structural deficits seen in the past eight budget cycles. The next lowest structural deficit in recent years was $1.5 billion, or 48 times as much as what Walker’s proposing.

Democrats have run states like Wisconsin into the ground.  It appears that the new sheriff in town is doing what he was elected to do and cleaning up the mess in Wisconsin.

Keep up the good work, Governor Walker.  You have exhibited, thus far, the epitome of political courage.