How long does it have to be? I realize there is a lot going on, but listening to Obama go on for 70 minutes is only slightly more annoying that listening to W for 70 minutes. I really don’t understand how anyone can think, he gives good speeches.
- Alito is my hero. Some are calling it a Joe “You Lie” Wilson moment. I think the comparison is true. Wilson was exonerated when the CRS acknowledged that Wilson’s charge had merit. Alito’s comment also has merit. Obama was/is erecting a Strawman, when he says the decision will “open the flood gates.” And I may add, Obama is dabbling in that liberal hypocrisy, when he talks about doing away with the influence of lobbyists in Washington.I have another post in the works on what the Citizens United case means to me.
- Obama got caught in one paragraph saying how well small businesses were doing, in relation to recovery. Then a full minute later, contradicts himself by saying how in peril they are unless they get government subsidized loans. So which is it? Here the Administration is in a catch-22. The Fed is paying interest in all those reserves the banks are holding. The banks are making more money off Fed interest payments than loaning the money out to the public. It’s a no brainer why they are not making loans. The Administration also knows, how dangerous a situation that causes. As soon as the banks start making loans, all that shiny new cash that was created out of thin air, will go into circulation, causing massive inflation. So the fix is easy, demagogue the banks for the position that the Government forced on them meanwhile talk about a Jobs Bill that will do nothing to help unemployment (unless your a government worker).
- The Spending Freeze sounds like a good idea. The road to Hell is paved with good intentions. The AP fact checked (maybe they realized something from those trusting Fox numbers);
The anticipated savings from this proposal would amount to less than 1 percent of the deficit — and that’s if the president can persuade Congress to go along.
Obama is a convert to the cause of broad spending freezes. In the presidential campaign, he criticized Republican opponent John McCain for suggesting one. “The problem with a spending freeze is you’re using a hatchet where you need a scalpel,” he said a month before the election. Now, Obama wants domestic spending held steady in most areas where the government can control year-to-year costs. The proposal is similar to McCain’s.
- Obama attacked the good ole Strawman, Lobbyists, yet again. And again the AP notices: “Obama has limited the hiring of lobbyists for administration jobs, but the ban isn’t absolute; seven waivers from the ban have been granted to White House officials alone.”
- Obama’s “saved or created” 2 million jobs is hogwash. There is no way to measure a saved job. Numerous news organizations have taken issues with that metric. Yet, that doesn’t deter the One from keep on making that claim ad nauseum.
- Obama is pushing for a college tax credit and debt forgiveness. That has to be the worst idea I’ve ever heard of. Not only will it increase tuition around the country, but rate of grade inflation, which is already high, will go sky high! It will be the a Wiemar type of grade inflation. Soon people won’t be able to work at McDonald’s without a Bachelors and good like finding a decent job with only a Masters. Although it sounds like he has good intentions.
Peter Schiff does a good job explaining everything as well.