Update: Henrietta Hughes

I’m sure you all remember Henrietta Hughes, the one who asked Obama for a place to live. Courtesy of WinkNews, here is an update.

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Posted under Economy

Written by admin on April 26, 2009

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Obama’s Budget Tightening Farce

It’s official, Obama is asking his Cabinet to cut spending. Has he finally realized the importance of not putting the country into a tailspin of debt? Let’s evaluate…

Obama has asked for a reduction of $100 million. When we are talking about deficits in the Trillions, a few million is a simple drop in the bucket.  AP puts this into perspective:

 

  • Less than one-quarter of the budget increase that Congress awarded to itself.
  • 4 percent of the military aid the United States sends to Israel.
  • Less than half the cost of one F-22 fighter plane.
  • 7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.
  • 1/10,000th of the government’s operating budgets for Cabinet agencies, excluding the Iraq and Afghan wars and the stimulus bill.

 

When you consider that the costs of borrowing the money for the latest “Stimulus” package is $100 million a day, does this effort amount to anything?

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Posted under Economy

Written by admin on April 20, 2009

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$3.6 Trillion Budget Approved

Brietbart reports that the House and Senate have passed $3.6 Trillion budget bills. These bills will have to be reconsiled, but the two bills appear to be very similar. Next  year alone, each of these bills will create $1.2 Trillion of debt.

Nancy Pelosi is quote as saying “we have come here to make a difference.” I suppose a record increase in debt could be considered a differece. Adding taxes on those who create jobs during a floundering economy is another difference. It seems that change for change’s sake trumps change for the betterment of the country with the current leadership. These budgets are a move towards more Government spending, more generational debt, and handcuffing job growth.

On a positive note, chairities can breathe a sigh of relief as the Senate denied the option of cutting tax breaks on donations to charity.

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Posted under Economy

Written by admin on April 3, 2009

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Trivial Coverage of Obama’s Trip

It’s hard to say if it was design by the Obama team but coverage so-far of the trip to Great Brittan is weak to say the least. Contrary to Bush, who used to schedule events to co-incide with U.S. morning shows, Obama started his day at 5:15AM Eastern. Nearly every event banned news cameras, including his visit with the Queen.

On a side note, at least Obama learned a little from his ill-fated gift to the Prime Minister. He loaded an iPod with a video and photographs from the Queen’s 2007 United States visit. On the good side, at least the Queen can watch the video. On the bad side, the Queen already has an iPod.

At least the G20 protests may give news crews following Obama may have something to do, even if Obama won’t let them cover him.

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Posted under Foreign Affairs

Written by admin on April 1, 2009

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Job Losses Turning Ugly in Auto Industry

Job workers brawled in western Michigan today as the auto industry continues in its death throws. Meanwhile, the Obama administration pushed plans to use bankruptcy filings for GM and Chrysler to free the companies of their retiree entitlements. The plan seems to be to see Chrysler sold to Fiat and GM re-formed under additional Government loans. Meanwhile the job losses continue to mount with no end in sight.

Update: Youtube link is dead, but there’s a video from the news station available here.

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Posted under Economy

Written by admin on March 30, 2009

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