Posts tagged ‘obama’

August 9, 2011

MEDIA TO OBAMA — “I WISH I KNEW HOW TO QUIT YOU”

REASON: “President Obama’s approval ratings are plummeting along with the Dow, and he’s just lost his stare-down with House Speaker John Boehner while presiding over a historic downgrade of U.S. credit, writes Gene Healy. Even so, Obamaphiles in the intelligentsia are finding it hard to fall out of love with “the One.” From Esquire to Mother Jones, really smart people are proving to be stupidly good at defending a president who doesn’t deserve it.

[Read Gene Healy’s “Obamaphiles Still Longing for Camelot” at Reason.com]

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August 9, 2011

VDH: “Spare Us the Sermons, Mr. President”

Victor Davis Hanson: “During the recent debt crisis, President Obama talked about the need for bipartisan compromise and, as in the past, urged civility. Giving ground and engaging in polite discourse, of course, can be noble aims. But, like most one-eyed-jack politicians, Obama has rarely embraced the admirable qualities he advocates — a fact increasingly evident to a skeptical public.

[Read more of Victor Davis Hanson’s “Spare Us the Sermons, Mr. President “]

August 9, 2011

RUBIN: “…this administration’s talk about pro-job policies is sounding a bit like O.J. looking for his ex-wife’s killer”

JENNIFER RUBIN: “The White House and much of the chattering class cooed on Friday when unemployment dropped to 9.1 percent and 117,000 jobs were reportedly created in July. But these numbers, upon closer inspection, show no progress on the jobs front.

Buried in the job stats was a number — 193,000 — that dwarfed all the rest. That is the number of workers who left the job market. If 193,000 left and only 117,000 jobs were added, we lost 76,000 jobs. Moreover, this is not an aberration.”

[READ Jennifer Rubin’s “Job Participation” at the Washington Post]

August 9, 2011

INTELLIGENT VS. CREDENTIALED

WSJ: “Liberals say he’s too cerebral for the Beltway rough-and-tumble; conservatives often seem to think his blunders, foreign and domestic, are all part of a cunning scheme to turn the U.S. into a combination of Finland, Cuba and Saudi Arabia. I don’t buy it. I just think the president isn’t very bright.” [Read Bret Stephens’ “Is Obama Smart? A case study in stupid is as stupid does” at the Wall Street Journal]

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August 7, 2011

WASHINGTON TIMES: “President Obama has outdone all his predecessors in wrecking America’s good name. His answer to this problem: Spend even more.”

WASHINGTON TIMES: “Raising the debt ceiling was sold as a way of guaranteeing the U.S. credit rating. It had the opposite effect, which makes sense to anyone who understands credit. Take a family with a median household income around $50,000. If they spend $85,000 a year and have debt at $300,000 and growing, it’d be foolish to let them borrow more because they don’t have the income to pay it back. Raising the debt ceiling ignored this reality. Then, the Obama administration immediately demonstrated its utter lack of creditworthiness by blowing 60 percent of the initial $400 billion increase in one day, the largest single-day accumulation of debt in U.S. history. 

The White House blames the George W. Bush administration for every economic woe, but the numbers speak for themselves. In 2008, the federal budget deficit was around 3 percent of gross domestic product. In 2011, it’s around 11 percent. Total federal debt was $10.7 trillion at the end of 2008 and is currently $14.6 trillion. Debt as a percentage of GDP was a painful 69 percent at the end of the Bush years, but Mr. Obama is pushing it over 100 percent, another disgraceful historic milestone. A record 45.8 million are on food stamps, and the percentage of working-aged Americans who have jobs is the lowest in three decades. According to Gallup’s daily tracking poll, in late January, 44 percent of Americans felt the economy was getting better, and 52 percent thought it was worsening. Now only 17 percent have a positive view; 77 percent understand our economy is nosediving.

[Read the Washington Times’ “Obama’s downgraded America — S&P tells it like it is: the U.S. is out of money“]

 

 

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August 1, 2011

NEW PROJECTIONS ON OBAMACARE: “Instead of “bending the cost curve,” the new law will only increase government health spending and the number of Americans who will depend on taxpayer-subsidized, government-controlled coverage.”

HERITAGE: “Yesterday, the Centers for Medicare and Medicaid Services (CMS) released its new projections of national health spending trends through 2020. The findings, which estimate health care spending to reach more than $4 trillion by 2020, come as no surprise: Runaway spending has overtaken the United States health care system and is on the rise. More notably, the study confirms Obamacare does not “bend the cost curve” but only increases government’s share of spending in the health care system instead.

Already, the White House has tried to spin the report as a victory for its health care legislation. Writing for the White House Blog, White House Deputy Chief of Staff Nancy-Ann DeParle touted the all-time low growth rates of the past two years. Indeed, in 2010, health care spending remained an unchanged (yet still breathtakingly large) 17.6 percent of gross domestic product (GDP). In dollars, the nation was estimated to have spent $2.6 trillion, growing by a new historic low of 3.9 percent from the previous year. But as the authors explain, the reason for decelerated spending was the economic downturn and the impact high unemployment had on reducing private coverage—nothing to cheer about. Reduced payments to private plans under Medicare Advantage also contributed to a decrease in Medicare spending.

As the economy recovers and the major provisions of Obamacare kick in, national health spending is projected to grow at quite a clip—increasing, on average, 5.8 percent each year. By 2020, the nation will spend $4.54 trillion on health care, or close to 20 percent of GDP. (For the sake of comparison: In 2010, federal tax revenue totaled 14.9 percent of GDP, and all federal spending combined amounted to 23.8 percent of GDP.)

The most striking impact of Obamacare is its enormous expansion of the role of government in the health care system. The new law increases government health spending by adding as many as 25 million Americans to Medicaid….

[Read more  of “CMS Projections Confirm Runaway Health Care Spending” at heritage.org]

July 31, 2011

UNFOLLOWING OBAMA

NILE GARDINER: “Barack Obama’s vulgar Twitter spamming campaign is a classless act of desperation by the US president.

July 31, 2011

REASON-ABLE GUYS: “It’s not a game, Boehner and Bam”

NICK GILLESPIE AND MATT WELCH: “While the government continues to borrow more than 40 cents for every dollar it spends, neither Obama or Boehner has proposed reducing year-over-year government expenditures by a penny. To the extent that Obama’s preferred path can even be divined from his peevish oracular pronouncements about “eating peas,” he’s talking about raising annual government spending from $3.8 trillion this year to $5.7 trillion in 2021. The 10-year budget plan that Boehner and the Republicans are pushing calls for spending $4.7 trillion in 2021.

Only in Washington can minor trims in massive anticipated spending hikes be considered budget “cuts.” Which explains why the bond-rating agency Standard & Poor’s has warned that whatever happens this week regarding the debt ceiling, the US needs to present a credible long-term plan in the next three months to stabilize and decrease its staggering debt load or face a credit downgrade.

The debt limit, in other words, is just the canary in the coal mine. The real problem is a long-term trend that can’t be explained away with slippery language.

[Read “It’s not a game, Boehner and Bam” at the New York Post]

July 30, 2011

NY DAILY NEWS: OBAMA TWITTER #FAIL @BarryO — Loses 40,000 Followers

[H/T DRUDGE]

President Obama brought his debt battle to Twitter and he lost – more than 40,000 Twitter followers.

Obama asked Americans Friday to call, email, and tweet Congressional leaders to “keep the pressure on” lawmakers in hopes of reaching a bipartisan deal to raise the nation’s $14.3 trillion debt limit ahead of an Aug. 2 deadline.

Obama’s campaign staff used the @BarackObama Twitter account to post the Twitter handles of tweeting GOPleaders – state by state, tweet by tweet.”

“Not everyone is a fan of the presidential spam. By Friday evening, the President had lost more than 40,000 Twitter followers – and counting.Many members of the Twitterati took to the social media platform to voice their annoyance over the barrage of partisan tweets. A search for “@BarackObama unfollow” turned up scores of irritated posts.

“Honestly, @BarackObama, I’m going to have to unfollow you if you don’t stop filing up my Twitter inbox soon,” tweeted Bostonian @melisthreadgill, a self-described “Progressive activist”.

“Can’t believe I had to unfollow @BarackObama for spamming Twitter. Really, really strange behavior,” wrote @Arevill inConnecticut.

[Read more at the New York Daily News]

July 26, 2011

A WORKING METAPHOR CAPTURING THE RISE OF BARACK OBAMA AND HIS DEMISE WHEN HE GOT IN THE RING WITH THE TEA PARTY