Wednesday, August 3, 2011
Pelosi, another tax and spend liberal.
http://www.cnsnews.com/news/article/pelosi-raising-taxes-should-be-considere
Obama – the tax and spend liberal – lives up to his name.
While the economy falters, while confidence is down, while America’s credit rating crumbles, Obama vows to ensure recession if not depression with more taxes. I’m going after oil companies he says. Why? The government gets revenue several times over on an oil company tax, the oil company isn’t the on getting screwed. The oil company tax gets paid by the consumer (YOU) when the oil company raises prices to cover costs. Then the consumer (YOU) pay more excise taxes at the pump. In addition, farmer’s diesel goes up as do food prices for consumers (YOU), trucker’s fuel goes up as does shipping and transport prices for product to consumers (YOU), and the consumer’s (YOU AGAIN) paycheck covers that much less each week. The markets realize this, that’s one of the reasons they are dropping. So ask yourself; Is Obama the worst student of economics ever, or is ruining the economy his goal?
Debt ceiling increases don’t fix the economy.
Washington spent a month coming up with a goose egg. “The debt deal "does not put the U.S. on a sustainable fiscal path," economists at Barclays Capital wrote in a note to clients, adding "weakness in U.S. growth has the potential to offset most of the savings CLAIMED(emphasis added) by the debt reduction package."”
Read more: http://www.foxbusiness.com/markets/2011/08/02/futures-fall-amid-economic-lingering-debt-concerns/#ixzz1TtxB7L4i
Read more: http://www.foxbusiness.com/markets/2011/08/02/futures-fall-amid-economic-lingering-debt-concerns/#ixzz1TtxB7L4i
“Ratings agency Standard and Poor's said in mid-July there
was a 50-50 chance it would cut U.S. ratings in the next three
months if lawmakers failed to craft a meaningful
deficit-cutting plan. S&P could downgrade U.S. ratings soon after the bill issigned by Obama, given that the agency will have all the
information it needs to make a decision.” Did you read that carefully?Knowing how effective or innefective the debt deal alone is, is enough to make the decision. We know the debt deal is really just more deficit spending, so whaere do you think the rating is going?
“Geithner, along with Federal Reserve Chairman Ben Bernanke, have warned that failure to raise the debt ceiling could send shockwaves throughout the financial community and lead to massive job losses” Wait, wasn’t the Tea Party risking our credit rating by not just raising the debt limit? How many times did we hear that? In reality the massive debt the Tea Party fought against is the problem. And now that Obama and Reid has successfully raised the debt limit our credit rating is in jeopardy. Doesn’t that make Obama, Redi, Geithner, and Bernanke the real villains and culprits for the rating drop?
Obama stumbles.
Obama is falling in presidential candidate polls. A lack of leadership, economic knowledge, foreign policy skills, and well, anything other than sound bite campaigning skills will do that to a candidate.
Alabama makes it illegal to be illegal.
Alabama makes it illegal for Illegal aliens “to live or work in Alabama. In addition, it would be a crime for anyone to transport, conceal, harbor or shield an illegal immigrant.” I’m all for legal immigration and trade. This law appears to affect neither. I fail to see how you can call this law anything worse than a bit redundant.
Debt deal includes hidden taxes.
”The panel cannot consider increasing taxes, it seems, but it can change the tax code to show additional revenues.” There’s the future taxes I said had to be hidden to pay the ever growing deficit caused by congress’s drunken spending spree. You don’t have to listen to career politicians and left wing news media lie to you. Logic will reveal the answers.
Politico – Wrong as usual.
http://theweek.com/article/index/217848/tea-partiers-terrorists-or-patriots
Politico claims the Tea Party “threatened to inflict intentional harm on innocent Americans if their political demands weren't met. They knew a default or downgrade would murder the markets — and the retirement savings of many Americans — and exploited that potential harm as a negotiating "weapon of mass destruction."” Our credit rating will be downgraded due to the ever increasing debt, which is exactly what the Tea Party was fighting against. When that statement proves to be true who will politico blame? Republicans for refusing tax increases would be my guess. The correct answer, however, is the drunken spending spree that’s gone on under Obama, Pelosi and Reid. Hey politico, much like going into a bank asking for a loan with 6 maxed out credit cards, it’s about the debt!
"much bigger cuts will be needed to resolve the U.S. debt problem."
“"The resolution to the debt ceiling does remove one cloud of uncertainty but it does not change the economic reality," said Greg McBride, senior financial analyst at Bankrate.com. "It's going to take years to come out of this. We're sitting in the terminal waiting for the economy to take flight and instead it's just being delayed month after month after month." Angel Gurria, head of the Organization for Economic Co-operation and Development club of industrialized nations, said the last-minute U.S. debt deal brought a "general sense of relief" but further negotiations involving much bigger cuts will be needed to resolve the U.S. debt problem.” Yup, markets didn’t fall for it. Washington may believe it’s own lies and fuzzy math, but credit agencies still recognize deficit spending is bad.
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