American Thinker: Summing up the failure that is Obama and Dems in graphs


Over the last year, Randall Hoven at American Thinker has been putting out a “Graph of the Day” piece.  Each graph has generally been constructed from neutral data and each has demonstrated the failures of our government and the effect on our economy, defense, and more.

Today, Hoven summarizes what we have learned from those graphs and it is not a pretty picture for America…much less for Obamabots and those touting the brilliance of the “progressive’ agenda.

The summary is a great resource backed by data.  Read it all and share it!

……..what can we learn from a year’s worth of graphs and data?

Then came Obama.
He asked for the second half ($350B) of TARP bailout money even before he was inaugurated. (He also voted for the TARP bailout while in the Senate.) Then, as president, he went on to buy car companies with it.
“Pay as you go” went out the window, as Obama’s plans would explode the deficits, even in the years after the current recession was assumed over. He signed a “stimulus” bill within one month of being sworn into office, adding $814B to the 2009-2019 deficit in one fell swoop.
His crowning achievement was the trillion-dollar overhaul of all health care in the nation under a byzantine system of additional costs, additional taxes, and additional bureaucracy. The legislators who “wrote” the bill did not even read it. Estimates of its cost cannot be trusted.
All of his plans to end the recession and spur growth failed.

Yet much of this could have been, and was, predicted.

  • Obama’s very own chief of the Council of Economic Advisors, Christina Romer, demonstrated in academic studies that federal spending did not end the Great Depression or any post-war recession and that tax increases have significant and negative impacts on economic growth.
  • Fiscal “stimuli” did not work in Japan and do not seem to work anywhere else, either.
  • The Heritage Foundation has the cross-country data that show that economic freedom leads to prosperity.
  • Arthur Laffer has similar cross-state data that show the same thing.
  • International Monetary Fund data indicate that higher government debt leads to slower growth.
  • An academic study based on data from 44 countries over two centuries concluded the same thing: higher debt leads to slower growth.
For those who thought President Obama would overturn all the Bush policies on Iraq, Afghanistan, the War on Terror, “civil rights,” etc., sorry to disappoint you.
  • The enemy combatant population has not come down much at Gitmo.
  • The drawdown in Iraq is about what it would have been under a President Bush.
  • Our military involvement in Afghanistan has exploded under Obama, leading to more troops there, more U.S. fatalities, more Afghan civilian fatalities, and little apparent progress in reducing resistance or winning “hearts and minds.”
  • The federal government is authorizing wiretaps and fighting drugs as much as ever. It is even deporting illegal immigrants as much as ever.
Instead of fixing anything real, President Obama spent our money chasing dreams. His stimulus caused an explosion in spending on climate change research. Yet man-caused, catastrophic global warming, which Obama wants to address with an expensive Cap & Trade program, is becoming ever less credible.
Obama’s dreams of “green energy” and “green jobs” are equally empty.
  • The U.S. leads the world in recoverable fossil fuel resources, which are enough to last many more decades at least.
  • Renewable” energy resources, other than hydroelectric dams, supply less than 5% of all energy in the U.S., even after years of government-funded research, incentives, regulations, and subsidies. Fossil fuels, nuclear, and hydroelectric will dominate for decades to come.
  • The most economical source of electricity for some time to come is natural gas. The most expensive is solar panels.
  • Contra Bill Maher, Brazil is not exactly some outstanding example of bio-fuel generation or energy conservation we need to follow.
  • Spain has demonstrated that “green energy” leads to fewer net jobs, green or not.
  • Clean coal” is no panacea. It costs 27% to 83% more, uses 73% to 100% more water resources, and is technologically immature and uncertain. All that, just to use less of what all animals on earth exhale and all plants on earth inhale.

Not to put too fine a point on it: liberals have been wrong about almost everything, and conservatives have been right about almost everything, at least in my lifetime (half a century). That goes not only for the economy, the role of government, and climate change, but also for many “social issues” as well.

To me, coming up with a new graph every day for a year, this was a steady drumbeat. And always the same tune: things are bad, getting worse, and Obama and the Democrats are doing everything wrong.

Is there any good news?  Maybe.
  • The solutions do not require defying the laws of physics.
  • Other countries, as diverse as Canada, Sweden, and New Zealand, have reduced government debt by large amounts in the recent past and lived to tell the tale.
  • More people identify themselves as conservatives, and they outnumber liberals by more than two to one right now.
  • As bad as we are, much of Europe is in as bad or worse shape. (That might not be good news, but at least misery enjoys company.)
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Obama didn’t inherit these sobering deficits – he created them


From American Thinker:

Every single proposal from this President makes the budget outlook worse. Much worse. Unprecedented in peacetime worse. Third World basket case, debtor-nation, worse. Can we get anything from this man that is not a 1,000 page piece of legislation that costs $1 trillion and needs a new czar?
Let’s grant, for the sake of argument, that Obama was handed a terrible situation. He was made captain of a ship that was leaking and close to sinking. But instead of patching the leaks, he is taking an ax to everything. He says we can’t live with the status quo.
Can we please not save this country by destroying it?

Randall Hoven at American Thinker has boiled down the CBO budget estimates for Obama deficits for about the next 10 years. What Hoven tells us is that the deficit spending Obama and the Democrats are piling upon us is unprecedented….much worse than anything Reagan or Bush could have comprehended.

Do you get the size and endurance differences? Obama’s average will be worse than Reagan’s worst single year. Obama’s best will be worse than Bush’s worst single year. Obama’s average will, in fact, be worse than any year since 1930 except for World War II. That means unprecedented in peacetime.

Explain, you say? Let’s look at Obama:

Note a few things. First, Obama’s budget would more than double the long-term deficit, from $4.4 T to about $9.2 T, when estimated apples-to-apples. Secondly, the baseline estimate has gone up $2.7 T, or 61% just between June and August. Third, we do not have such an updated estimate for Obama’s budget.
If CBO would re-do its estimate for Obama’s budget like it did for the baseline case, we could expect the 2010-2019 cumulative deficit to be $12 T to $15 T if Obama gets his way — before Obamacare or Cap & Trade or anything else new.
Let’s be clear here. If Congress from here out does nothing but maintain the dreaded status quo, we are on an unsustainable budget path. A path of structural deficits never going below $500 B or 3% of GDP in any year from now on. A path that leaves us with a public debt of about 67% of GDP from 2011 on, or a level not seen since Truman was paying off World War II.
That’s the good news. The bad news is if Obama gets his way. If he does, essentially double everything: annual deficits more like $1 trillion or 6% of GDP every year. Debt held by the public will reach at least 80% of GDP, if not 90% or more.

Now to Reagan and Bush, both of whom are regularly impugned by the left… Both are accused of ballooning the deficit., when in reality the facts are that 8 months into his Presidency Obama is leaving them in the dust. How do they really compare?

In Reagan’s eight years, 1981-88, the deficit averaged 4.2% of GDP, with the worst year being 6.0%. Under George W. Bush, 2001-2008, the deficit averaged 2.0% of GDP, with the worst year being 3.6%.
Now let’s look at CBO’s forecast of Obama’s deficits for 2009-2016. The average deficit will be 6.3% of GDP, with a worst case of 13% and a best case of 3.9%. And these are the rosy predictions, the June predictions — before being updated in August as the baseline scenario was.

And it only gets worse under Obama:

What’s more, the numbers under Obama never get better. The picture doesn’t clear up with the end of this recession. The deficit will be 5.6% of GDP, and the public debt 82% of GDP (unprecedented in peacetime), in 2019. But again, those are the rosy numbers.
Obama’s budget is now being considered by Nancy Pelosi’s House and Harry Reid’s Senate. Do you think the tweaks they make to Obama’s budget will increase or decrease the deficit? Obama’s budget did not include health care reform. The health care bill currently being considered (H.R. 3200) was estimated to add $1 trillion to the 2010-2019 cumulative deficit, per the CBO.
Things were bad in 2008. What Obama did early ($787 B stimulus, $410 B reconciliation, $350 B TARP part II) made them worse. What he put in his February budget would make them even worse. What he proposed after that budget (health care reform with a public option, cap and trade emissions legislation) would make them yet worse again.

We are in an unsustainable territory and at this level our kids and grandkids have had the American Dream stolen from them before they’ve had the chance to take their stab at it.

These deficits, among other Obama-inducing catastrophes, are destroying our country…..doesn’t Obama know that? Or does he just not care? Or, perhaps it was part of the “hopenchange” plan along? Because, after all, “never let a crisis go to waste”!

Obama’s Values, not American Values, must be forced onto others


In his interview with the BBC, Obama had this to say in another of his apologies for America:

The danger, I think, is when the United States, or any country, thinks that we can simply impose these values on another country with a different history and a different culture,” he said.

But isn’t it interesting how almost every move made by the Obama administration has been to FORCE his ideological values down the throats of Americans, Israel, and many of our other allies?

Obama on Israel:
Israel apparently must keep to its agreements made my predecessors, but Obama intends to ditch any agreements made by the Bush Administration.

According to a report in the New York Times, the Obama administration is considering taking measures against Israel should Netanyahu not comply with the U.S. administration’s demands to halt settlements. The actions would be a sharp departure from the Bush administration…..
……While Obama reportedly is looking to get out of a deal agreed to by his predecessor, the U.S. president seems to expect Netanyahu to stand by extreme concessions to the Palestinians under his predecessor, Ehud Olmert. ….
……”We have seen progress stalled on this front, and I suggested to the prime minister that he has a historic opportunity to get a serious movement on this issue during his tenure,” Obama said.
“That means that all the parties involved have to take seriously obligations that they have previously agreed to,” he said.

Obama On Iran’s Nuclear Power:

Nuclear power for Iran because we can…you know….trust them to do the right thing….but NO nuclear power for the US…because..you know…we are evil.

Outrageously the “president of the world” is willing to agree with Iran, one of our biggest international enemies, a nation that has sent its soldiers and trainers into combat against our own troops, a nation that exports acts of terror across the globe, a nation that claims it needs nuclear power for domestic energy… and Barack Obama is on their side.

In Prague last month, Obama said that he saw no reason why his administration wouldn’t “support Iran’s right to peaceful nuclear energy with rigorous inspections.”And today in London, Obama reiterated that support by agreeing that Iran’s announced intentions for nuclear power were “legitimate aspirations.”

Not only that, but just last month Obama approved a nuclear power deal with the United Arab Emirates, as well. So, it’s nuclear power for everyone but the U.S.

So what about nuclear power for the US? Here we are dependent upon foreign oil on one hand, or still using what Obama claims is “dirty” coal power on the other, yet Obama still refuses to allow his own countrymen build new nuclear power plants.

Obama on healthcare:
Obama intends to implement a government takeover of healthcare ( I use the word “care” loosely) regardless of the facts….he is doing it because of his worldview and the power grab it affords him.  Again, who is pushing whose values onto whom?

Obama’s plan will eliminate the private insurance industry, “its premised on doing so.” He intends to create a socialist, government controlled health care system regardless.

Obama wants a single payer healthcare system. His deception offers a “choice” that is intended to disappear shortly whether people want their private insurance or not.

 I could go on and on about the Chicago thug tactics being used on TARP recipients, Obama’s abuse of power in firing a sitting GM and partnering with the UAW in taking over a US corporation, or about Obama’s socialist policies being shoved upon the American people….It’s been only a few months and Obama’s brazen moves are numerous and hypocritical.

Obama can’t relate to American values because his values are more closely aligned with our enemies and with ideologies that are enemies of freedom and capitalism. 

Isn’t is amazing how the greatest country on earth has existed for well over 200 years and now….we have an anti-American president who is ashamed of his country and apologizes for the values that made us strong?

And it is the absolute height of hypocrisy to preach to our enemies and allies alike that American “should not impose” its values on the world….all the while Obama is imposing his values upon us all.

Since when are these values not worthy of proselytizing —-  freedom, life, liberty, pursuit of happiness, fiscal responsibility, denouncing terror and murder, & defending Israel and our allies, to name a few?

It sickens me to the point of physical exhaustion sometimes.    And it saddens me to know the world my daughters are inheriting from the madman-in-chief (and his Congressional cohorts) will be one with increasing terror and war, nuclear proliferation like the world has never seen, increasing racial division, and a country that is fully bankrupt morally and financially….

It is just “government loans” to the banks…or is it about control?


How anyone can now defend Obama’s “private industry takeover” policy as anything but just that is entirely political, dishonest and/or ignorant at this point.

I, for one, am sick to death of Obama and his advisers feigning concern over the economy, banks, and industry while they pick up control of it all piece-by-piece.

Last week they fired GM’s CEO (and, barely reported, replaced the chairman of the board of GM).

Now Obama and his administration are refusing to allow large banks to repay or give back the money loaned to them through TARP.  One may ask “WHY?” considering that the money is taxpayer and money and our government should be happy to get it back….they were just loans remember?

I heard about this the other day, but now again…..from the Wall Street Journal:

I really thought the administration would welcome the return of bank bailout money. Some $340 million in TARP cash flowed back this week from four small banks in Louisiana, New York, Indiana and California. This isn’t much when we routinely talk in trillions, but clearly that money has not been wasted or otherwise sunk down Wall Street’s black hole. So why no cheering as the cash comes back?

My answer: The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control. And for this intensely political president, mere influence is not enough. The White House wants to tell ’em what to do. Control. Direct. Command…..

And

Under the Bush team a prominent and profitable bank, under threat of a damaging public audit, was forced to accept less than $1 billion of TARP money. The government insisted on buying a new class of preferred stock which gave it a tiny, minority position. The money flowed to the bank. Arguably, back then, the Bush administration was acting for purely economic reasons. It wanted to recapitalize the banks to halt a financial panic.

Fast forward to today, and that same bank is begging to give the money back. The chairman offers to write a check, now, with interest. He’s been sitting on the cash for months and has felt the dead hand of government threatening to run his business and dictate pay scales. He sees the writing on the wall and he wants out. But the Obama team says no, since unlike the smaller banks that gave their TARP money back, this bank is far more prominent. The bank has also been threatened with “adverse” consequences if its chairman persists. That’s politics talking, not economics.

As is with most other of Obama’s words vs. actions….Obama pretends to care about the financial crisis, while he uses his Chief of Staff’s plan to do overlook the crisis and use it as an excuse for more control of our economic system, among other things.

In a week that has seen Obama bowing to kings, declaring a US reduction in weapons, appeasing Socialist Europe with an agreement to global regulation, we are not only losing our freedoms from within our own country but our influence for freedom and good in the world….all in 3 months time.

Democrats attend Caribbean junket last fall with funds from Citibank


The hypocrisy and downright corruption never ends in the Democrat party. 

Remember last fall, the first time we were told that close to $1 Trillion was necessary to bail out troubled banks?  Well, one of those recipients was Citibank.

Well guess who was the main contributor for a November Caribbean boondoggle attended by 6 Democratic Congressional members—–Citibank. 

That’s right less than a month after passing the first Theft Act, Democrats were on a boondoggle courtesy of one of the recipients of our tax payer dollars approved by Congress less than a month before.

H-Y-P-O-C-R-I-T-E

H-Y-P-O-C-R-I-T-E

Most notorious tax dodging, unethical junket attendee? Charlie Rangel.

(H/T: Polipundit)

Six Democratic members of Congress enjoyed a Caribbean junket sponsored by Citigroup after Congress had approved the $700 billion bailout of financial services firms in October.

The National Legal and Policy Center, a watchdog group, has asked Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, for a formal review of the Citigroup’s sponsorship of the trip by House Ways and Means Committee Chairman Charles Rangel and five others.

The NLPC says the trip violated House rules.

The purported purpose of the Nov. 6-9 junket was to attend the Caribbean Multi-Cultural Business Conference on the island of St. Maarten, but “the primary purpose of attending for most participants appeared to be to take a vacation,” according to the NLPC, which had a representative at the event.

The NLPC said in a statement: “The ‘lead sponsor’ was Citigroup, which contributed $100,000. Citigroup was certainly aware that it would be a major recipient of bailout funds. It was also aware that its fortunes had become increasingly reliant on Congressional actions.

“Citigroup should have also been aware that corporate sponsorship of such an event was banned by House rules adopted on March 1, 2007, in response to the [lobbyist Jack] Abramoff scandal and the infamous golf trip to Scotland.”

In addition to Rangel, other members of Congress who attended were Donald Payne of New Jersey, Sheila Jackson-Lee of Texas, Carolyn Cheeks Kilpatrick of Michigan, Bennie Thompson of Mississippi, and Donna Christensen, the delegate to the House from the United States Virgin Islands.

Rules? What rules?  Heck Rangel doesn’t think he has to report all of his income on federal reports as the rest of us do….

Oh, and let’s not forget these Democrats are in the same political party as our Dear Leader….and they ALLbelieve that the CEO’s and managers of these banks (and other bailout recipients, some of whom were FORCED to take the funds) must have their salaries capped and their “planning” boondoggles halted….

Anybody see the pattern here?  Hey there “52%ers”…are you waking up yet to the reality of your corruptive, tax-dodging, hypocritical leaders…the ones you voted for?