“It’s the Economy, Stupid” and defense, and…
Has Bill Clinton Mentioned this to Barry Obama?
Washington -- "Not My Problem?"
(TTfD) History appears to mean nothing to the current administration as the economy continues to tank. With the number of Maoists in Obama inner-circle, outsiders are questioning how China’s growth has accelerated to a 10.7% increase in the fourth quarter, according to My Way News.
Meanwhile, the US Stock Market is facing threats of additional, punitive taxes from the President. According to CNBC, America is seeing it’s biggest two-day drop in months.
“After closing at 15-month highs on Tuesday, the Dow Industrials [.DJIA 10387.09
-216.06 (-2.04%) S&P 500 [.SPX 1116.27
With the first year down, the bulk of the President's efforts have been to:
- Wage War on Private Business: He took over a large chunk of the USA's auto manufacturing sector
- Pay Off unions and Congress to take over America's health care industry.
- Blamed George Bush, for everything.
Weekly job numbers are down, again. In turn, the same Stock Market that rallied on bet that Scott Brown would win the Senate seat in Massachusetts, has all but lost its gains for the year in reaction. It is a cycle the Obama administration does not seem to understand, and probably will not figure it out while golfing.
The reality is that America is being led by a person who cannot focus on two things at once. Thus, lapses in security were somewhat expected -- at the least not shocking -- as most of the President's time in his first year has been working on the government (and union) takeover of health care.
Iran is emboldened, North Korea unafraid and now Yemen knows all too well how to get one over on the USA. Meanwhile, forces in Iraq and Afghanistan go underfunded and without clear missions. In the nine months that it took Obama to make a decision on how to deal with Afghanistan -- a plan he claimed to own during his campaign -- how many lives were lost?
Unfortunately, Health Care "reform" came first. And now, it too is dead in the water.
Since that is all cleared, for now, Democrats must face the daunting task of raising the nation's debt ceiling again, as it did in November.
According to AP:
"WASHINGTON – Senate Democrats on Wednesday proposed allowing the federal government to borrow an additional $1.9 trillion to pay its bills, a record increase that would permit the national debt to reach $14.3 trillion...
...Less than a decade ago, $1.9 trillion would have been enough to finance the operations and programs of the federal government for an entire year. Now, it's only enough to make sure Democrats can avoid another vote before Election Day."
Things have certainly become more expensive. According to the Winter 2010 edition of TaxWatch, if the Obama budget proposals do pass into law, "...income redistribution will surge, redistributing nearly $1 trillion from the top-earning 30% of families to the bottom-earning 70%."
That said, expect debt ceiling limits to continue to climb. However, if South Dakota Senator John Thune's voice is heard, the much-heralded slush fund TARP (Troubled Assett Relief Program) would become a thing of the past, much as it already has become a joke.
The official Press Release from the office of Senator Thune excerpted below:
"January 20th, 2010 - Washington, D.C. - Senator John Thune today introduced an amendment to the House-passed debt ceiling increase currently before the Senate that would end the Troubled Asset Relief Program (TARP). Senator Thune’s amendment would prohibit the Treasury Department from making any further commitments of TARP funds and would mandate that all returned funds be used to lower our national debt.
“The Senate will be voting to raise statutory debt limit to a staggering $14 trillion, making this an ideal time to practice real spending restraint by ending TARP,” said Thune. “My amendment would also require the Treasury Department to use repaid TARP funds to lower our crushing debt, not use them as a slush fund for pet political projects. TARP has strayed too far from its intended purpose, and it is time for Congress to take action and shut it down.”
Bill Clinton cleverly kept reminding himself what his campaign was really about. Can Obama do the same?
The questions Americans have to ask themselves is simple. "With all of this in mind, will my elected officials still be talking about Health Care Reform tomorrow? And if they do, what will I do?
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