WSJ: Obama Running Out of People To Blame

By Furious Diaper

The Wall Street Journal posted an opinion article today pointing out that President Obama is implementing policies that are slowing down, or even stopping, our recovery from this recession.  After falling 4.24% yesterday, the Dow is now down over 25% since Obama was elected, its lowest level since 1997.  The new administration’s policies of punishing business and rewarding failure is clearly having a detrimental effect.

The average length of a recession during the past fifty years is 11 months. The current recession has existed now for 15 months. Instead of focusing on promoting growth, Obama has focused on income transfers (tax credits to those who don’t pay taxes, mortgage bailout, etc). Now, there is even mention of reforming healthcare. While I can agree with Obama’s statement “There are times when you can afford to decorate your house, then there are times when you need to refocus on building its foundation,” I cannot understand why his actions are in direct opposition.

When the recovery occurs, it will not be because of Obama’s policies… it will be in spite of them. The market showed its opinion of the President’s proposed budget plan when it took a nose dive. It unfortunately seems that every time the administration mentions an action the market drops even further. Just today Orszag defended raising taxes in the middle of the recession. As those who make hiring decisions have less money, less people are hired. It is a fantastic way to stagnate the economy further.

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Posted under Economy

Written by admin on March 3, 2009

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Pelosi Snowed Out of Global Warming Rally

Courtesy of CNSNews:

Nancy Pelosi’s (D-CA) flight (not sure if it was commercial or private) was delayed and she was unable to attend the Global Warming Rally in Washington D.C. due to a blizzard that hit the D.C. area Sunday night. 

House Select Energy Independence and Global Warming Chairman Edward Markey (D-MA) was also forced to cancel his appearance due to the weather.

I honestly wonder why they don’t schedule these rallies for summertime for some dramatic impact.

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Posted under Climate

Written by admin on March 2, 2009

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Air America Interviews Jonathan Krohn

Came across this on YouTube. This is a follow-up to the post regarding Jonathan’s CPAC speech. For an off-the-cuff interview, he organizes his thoughts that well. Lord knows I would have been less coherent about anything I was passionate about at that age. Something about those teen years that makes that mental filing system a bit chaoitc! Given how he’s been able to form his own opinions and have a great passion about his beliefs, Jonathan’s got a good future ahead of him.

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Posted under Misc

Written by admin on March 2, 2009

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Rush Limbaugh’s CPAC Speech

I really wasn’t planning on making a deal about Limbaugh’s speech at CPAC, but it’s really been making rounds around the newswires. A complete transcript is available here. Video is embedded below (about an hour and a half, cut into 10 parts):










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Posted under Economy

Written by admin on March 2, 2009

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Jonathan Krohn at CPAC

I’ll probably have some people attacking his age since they are unable to address his points (like unfortunately happened with the 12-year old speaking on abortion), but this short speech is definitely post-worthy.

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Posted under Misc

Written by admin on March 1, 2009

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