Tuesday, September 18, 2012

[VIDEO] Senator Rand Paul on the “Charade and Farce” of Debate in the Senate


On Wednesday, Senator Rand Paul (R–KY) requested a vote on two amendments to S.3457, the Veterans Jobs Corps Act. Senate Majority Leader Harry Reid (D–NV) blocked a vote on those amendments and has not allowed a free and fair debate on a very important issue to the American people.

GOP Fighting Back in 'War On Coal'


Congressional Republicans are turning up the heat this week in an effort to head off EPA regulations and stop the Obama administration’s “war on coal,” voting on a package of five bills that would curb EPA regulatory authority and environmental rules.
“Affordable energy is critical for our nation’s economic future,” said Kansas Republican Rep. Mike Pompeo, one of the leading critics of President Obama’s coal policies.
“President Obama’s War on Coal means fewer jobs and higher energy costs for Americans. Coal is a critical component to our nation’s energy future, and I am proud to support this legislation that will help preserve this vital energy source for future generations,” Pompeo continued.
The Stop the War on Coal Act of 2012 contains a bundle of provisions which the House has already passed.
One provision prohibits the Environmental Protection Agency from regulating greenhouse gas emissions and restricts planned EPA rules regarding coal ash disposal and management.
The bill also restricts the Interior Department from issuing regulations regarding surface mining operations and limits the EPA’s ability to veto permits issued under Section 404 of the Clean Water Act, while also promoting the cooperation between the federal government and the states regarding water pollution controls.
“The heavy-handed regulatory regime championed by this Administration and EPA is strangling the economy, driving up energy prices for consumers, and putting people out of work,” said Transportation and Infrastructure Committee Chairman John L. Mica, a Florida Republican who sponsored one of the provisions included in the bill.
Via: The Daily Caller

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8,786,049: Yet Another Record for Americans Collecting Disability


One person in sixteen collecting Disability Payments
(CNSNews.com) - The Social Security Administration has releasednew data revealing that 8,786,049 American workers are collecting federal disability insurance payments in September. That sets yet another record for the number of Americans on disability.
The 8,786,049 workers taking federal disability in September is a net increase of 18,108 from the 8,767,941 workers who took federal disability in August.
Over the past 45 years, the number of American workers taking federal disability payments has increased four-fold relative to the number actually working.
In August 1967, 74,767,000 Americans were working (according to theBureau of Labor Statistics) and 1,152,861 were taking federal disability insurance (according to the Social Security Administration). That means that at that time there were about 65 Americans working for each worker collecting disability.
In August 2012, 142,101,000 Americans were working and 8,767,941 were on disability--meaning there were only 16.2 people working for each person collecting disability.
According to the Bureau of Labor Statistics (BLS), a record 88,921,000 Americans were “not in the labor force” in August. These were Americans who were at least 16 years old, who were not in the military or in an institution such as a prison or a nursing home, and who did not have a job and had not actively sought one in the last four weeks.
Also in August, according to the BLS, only 63.5 percent of the civilian population (those over 16, who were not in the military or in an institution) participated in the labor force. That was the lowest level of labor force participation in 31 years. To participate in the labor force a person must either have a job or at least be actively trying to find one.

Majority in U.S. Still Say Government Doing Too Much


But fewer Americans now say government has too much power

PRINCETON, NJ -- A majority of Americans (54%) continue to believe the government is trying to do too many things that should be left to individuals and businesses, although that is down from the record high of 61% earlier this summer. About four in 10 Americans (39%) say the government should do more to solve the nation's problems.
Trend: Some people think the government is trying to do too many things that should be left to individuals and businesses. Others think that government should do more to solve our country's problems. Which comes closer to your own view?
Track the 2012 race and compare it to past elections >
Only a few times in Gallup's 20-year history of asking this question has a higher percentage of Americans said the government should do more to solve the nation's problems than said the government is doing too much. Two of these were in the fall of 1992 and again in early 1993, as Bill Clinton ran for and took office as president. Another was in October 2001, just after the 9/11 terrorist attacks and at a time when Americans were especially supportive of government and its efforts to help the nation recover from the attacks and retaliate against those who were responsible.
Americans have been most likely to say the government was attempting to do too much during the middle years of the Clinton administration, and in recent years during the Obama administration.

College suspends professor for allegedly attempting to force students to vote for Obama


A college professor has been placed on leave after she allegedly forced her class to sign a pledge to vote for President Obama in the upcoming elections.

Early last week Professor Sharon Sweet at Brevard Community College (BCC) allegedly told students to sign a pledge that reads: “I pledge to vote for President Obama and Democrats up and down the ticket.”
A college professor has been placed on leave after she allegedly forced her class to sign a pledge to vote for President Obama in the 2012 elections.
The pledge was printed off ofGottaVote.org, a website funded by the Obama campaign.

University administrators said they learned about the incident late Thursday afternoon and launched an investigation, after they received a phone call from a concerned parent.

“Based on the allegations, Associate Professor Sweet has requested, and been granted, a leave of absence without pay effective immediately,” reads a statement put out by John Glisch, Associate Vice President for Communications at BCC.

“The college will continue its investigation into the matter, which will include interviews with all students in her class,” continues the statement.

Sweet’s actions may have also violated Florida’s election laws.

Setbacks Piling Up in Afghanistan


WASHINGTON (AP) — The end game in Afghanistan is off to a shaky start.
Just as the last U.S. "surge" troops leave the country, trouble is breaking out in ways that go to the core of the strategy for winding down the U.S. and allied combat role and making Afghans responsible for their own security. At stake is the goal of ensuring that Afghanistan not revert to being a terrorist haven.
Nearly two years after President Barack Obama announced that he was sending another 33,000 troops to take on the Taliban, those reinforcements are completing their return to the United States this week. That leaves about 68,000 American troops, along with their NATO allies and Afghan partners, to carry out an ambitious plan to put the Afghans fully in the combat lead as early as next year.
But the setbacks are piling up: a spasm of deadly attacks on U.S. and NATO forces by Afghan soldiers and police, including three attacks in the last three days; an audacious Taliban assault on a coalition air base that killed two Marines and destroyed six fighter jets; and a NATO airstrike that inadvertently killed eight Afghan women and girls.
The Pentagon on Monday identified the two Marines killed at Camp Bastion on Friday as Lt. Col. Christopher K. Raible, 40, of Huntingdon, Pa., and Sgt. Bradley W. Atwell, 27, of Kokomo, Ind. Raible was commander of the Harrier squadron that had six of its planes destroyed in the assault.
Tensions over the anti-Islam movie produced in the U.S. that ridicules the Prophet Mohammad also spread to Kabul, where demonstrations turned violent Monday when protesters burned cars and threw rocks at a U.S. military base.
Those events help the Taliban's aim of driving a wedge between the Americans and their Afghan partners. They also show that the Taliban, while weakened, remains a force to be reckoned with, 11 years after the first U.S. troops arrived to drive the Taliban out.
The extra troops began moving into Afghanistan in early 2010, pushing the total U.S. force to a peak of 101,000 by mid-2011.
The U.S. troop surge was supposed to put so much military pressure on the Taliban that its leaders — most of whom are in Pakistan — would feel compelled to come to the peace table. That hasn't happened. Preliminary contacts began, but have been stymied.

It's Later Than Any Dare Think


When republics fall, it's not always slow.
SaturdayIt is smoky up here in North Idaho today. Apparently there are major fires in Washington State and they are belching smoke. The smoke is blowing our way into the Idaho Panhandle. I can feel it in my pitiful weak lungs even with the windows closed and the air conditioning on.
I slept most of the day and then Alex and I roused ourselves and made our way west and north to Hill's Resort. The ride is beautiful along the Pendoreille River, with its vast width and sunny smoky meadows.
We stopped at the little store in Laclede and a kindly man from Canada gave me a lovely Exacto knife to allow me to open CD cases. Just out of the blue. I love that.
Then, gasoline in Priest River at Mama Mac's and up to the Falls Café, a tiny little bar/restaurant with a pool table about halfway between Priest River and Luby Bay. The Falls Café just might be the most perfect-looking small restaurant in the world. It has a glass floor in a place where you can look at the falls of a swift creek running under the building. It also has a pool table.
Today, there was a three generational family having dinner. Grandparents, parents, aunt, and children. As far as I could tell, it was a birthday party for a 12-year-old, incredibly pretty daughter. She smiled at me and I told her she would be a movie star. Her brother, possibly a twin, said, "Wait! I want to be a movie star, too."
On that note, I left. I did find out that the family was from Priest River. For some reason, Priest River has an amazing number of good-looking men and women. That whole family were great looking, male and female. I think their name was "Clark."
At Hill's, there was a big wedding so we ate in the bar very quickly, but alas, I got a HORRIBLE case of heartburn from a potato chip I had on the way up from the Falls Café. Nothing would help except my mother's home remedy -- peppermint Lifesavers -- and my sister's home remedy, Tazo Refresh tea.
I got the hot water for the tea back at the Falls Café. The manager/bartender told me about his 15 years as a cowboy in Montana. He said he worked fifteen-hour days, often starting at two in the morning, for room and board and $1500 a month. But, he loved the outdoor life. Now, he's planning to grow and sell organic vegetables and stay in Idaho. His name was Chance and he was as pleasant as can be.
About ten minutes later, as we were entering Priest River, the speed limit rapidly dropped from 60 to 35. Many are the tickets I have gotten there. Sure enough, a police car pulled me over just as I approached Mama Mac's gas station and café and general store. When the policeman saw it was me, he laughed, agreed I was not driving too fast, and said he just wanted to see if I had been drinking too much.
"I haven't had a drink since 1988," I said.
"Probably a good idea," he said.
He laughed more and walked away.
We stopped for more hot water at Mama Mac's just as it was closing. A very kind man with a shaved head who was sweeping up and closing the place shouted, "Drive safe, Ben." That touched me very much. I love being known in these small towns in North Idaho.
The main thing to be grateful for is how patiently my saint wife waits for me while I buy Tums and Pepto and tea and so forth. I am married to a goddess.

Monday, September 17, 2012

VIDEO: Teachers’ Unions in Their Own Words


You may have heard: Chicago teachers are on strike.
Some facts you may not have seen (unless, of course, you’ve been reading the Foundry): the average Chicago teacher makes $71,000 a year before benefits. That’s $24,000 more than the average Chicago resident, and second only to New York City in teachers’ salaries.
Yet unions are demanding a hefty raise – though they’ve backed down from their initial demand for a 30 percent pay hike. And this is in a city where only 15 percent of fourth graders are proficient in reading, and only 56 percent actually graduate from high school.
So what is the teachers’ strike about, exactly? In a new Heritage video, we present some statements from the Chicago Teachers Union and other teachers’ unions about what exactly their goals are. Are they on strike for the students? For the schools? For themselves? You might be surprised.
Via: The Foundry

What If There Is NO President by January 20th

I think America should be prepared for every sort of political gymnastics conceivable come Tuesday, November 6th, 2012.


Battalions of lawyers are set to spring into action if there is a hint that Obama may lose. Planning and preparations for such an eventuality have been in progress since the early days of the Obama Administration.

Tying the election up in the courts is the plan. And these people are serious!
So what happens if, indeed the US election is tied up in the judicial system come noon on January 20th, 2013?

“In cases where a President has not been chosen by January 20 or the President-elect “fails to qualify,” the Vice President-elect becomes Acting President on January 20 until there is a qualified President. If the President-elect dies before noon January 20, the Twentieth Amendment states the Vice President-elect becomes President. In cases where there is no President-elect or Vice President-elect, the Amendment also gives the Congress the authority to declare an Acting President until such time as there is a President or Vice President. At this point the Presidential Succession Act of 1947 would apply, with the office of the Presidency going to the Speaker of the House of Representatives, followed by the President pro tempore of the Senate and various Cabinet officers.” SOURCE:

OK. But how exactly is the President-elect and Vice-President-elect decided, I mean, legally decided. And here it gets cloudy and open to all sorts of legal challenges.
There are at least two schools of thought on that.

“Some commentators doubt whether an official President- and Vice President-elect exist prior to the electoral votes being counted and announced by Congress on January 6, maintaining that this is a problematic contingency lacking clear constitutional or statutory direction. Others assert that once a majority of electoral votes has been cast for one ticket, then the recipients of these votes become the President- and Vice President-elect, notwithstanding the fact that the electoral votes are not counted and certified until the following January 6.” SOURCE:

Via: Canada Free Press

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'THE HOPE AND THE CHANGE' MOVIE TO AIR ON BROADCAST, CABLE TV


"The Hope and the Change,” the movie about Democrats and independents who voted for President Barack Obama in 2008 and will not do so in 2012, will air on a dozen television stations this fall leading up to the presidential election, Citizens United announced on Monday.  

Citizens United produced the film and has struck a deal to begin airing the movie on six broadcast stations and six cable stations beginning Tuesday on HDNet and through November’s presidential election. It will reach 130 million households and air on broadcast stations in Indiana, Louisiana, Oklahoma, Hawaii, and Colorado. The movie will air on cable channels such as FamilyNet, Rural TV, and HDNet movies. 
Sean Hannity said “The Hope and the Change” was the “most powerful documentary” he had “ever seen,” and the movie could only be produced because of the Supreme Court decision that did not place limits on political speech. 
“It is important to note that these distribution opportunities would have been against the law a mere three years ago. This is why I went to the United States Supreme Court – to fight for the right to produce a political documentary,” said Producer David N. Bossie. “’The Hope and The Change exposes the hard truth that many Democrats and independents are suffering at the hands of President Obama’s failed policies, and we will aggressively market this film so Americans can finally have an unfiltered conversation they deserve."
Stephen K. Bannon, who directed the film, said “the ability to reach 130 million American cumulative households with this historic deal is astonishing.”
“The power of the film comes from the collective unscripted and unrehearsed voices of the participants - ordinary Americans from every walk of life - who broke through the white noise of political speak,” Bannon said. 
Pat Caddell, the former Jimmy Carter adviser who helped conduct the film’s focus groups of Reagan Democrats from swing states like Pennsylvania, Virginia, and Colorado, said “this documentary gives real voice to ordinary Americans, Democrats and independents, who are, until now, unheard and ignored by the political class and mainstream media.”
“The power of these 2008 Obama voters comes from the fact that they were unscripted and spoke from their hearts,” Caddell said. 

Iran Tensions Loom Over Israelis on Jewish New Year

JERUSALEM — Jews around the world are observing Rosh Hashanah, the Jewish New Year. In Israel, the mood is sober.

Rosh Hashanah marks the beginning of the Jewish High Holy Days and is a time of reflection and prayer. Israelis ushered in the New Year with a sense of uncertainty amid tensions with Iran that have heightened fears of war.

Prime Minister Benjamin Netanyahu had this message for Jews in Israel and around the world.  “I want to wish you all a happy New Year, a happy New Year in your personal lives, a happy New Year for the Jewish people and the Jewish state. The Jewish state and the Jewish people are facing great challenges. Iran is racing to develop nuclear weapons. A rising tide of militancy is sweeping our region,” he said.

Iran says its nuclear program is for peaceful purposes. But it sees Israel as a Zionist enemy.

Netanyahu says Iran could achieve nuclear weapons capability in just six or seven months, something Israel sees as a threat to its existence.

Netanyahu has accused the United States of failing to get tough on Iran; and despite strong opposition from Washington and the international community, he has threatened to launch a preemptive strike on Iran’s nuclear facilities.

The Obama administration says it is not yet ready to draw a red line concerning Iran and continues to pursue a deepening of international sanctions against Tehran.

One man on the street in Jerusalem says Israel may have no other choice. “It is a very dangerous situation to allow a very disturbed and unstable nation like Iran to develop weapons of mass destruction,” he stated.


Via: VOA
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Senate report: Quarter of Social Security disability benefits improperly awarded


The Social Security Administration improperly awarded disability benefits in more than 25 percent of cases examined between 2006 and 2010, according to a new Senate report -- potentially costing taxpayers millions of dollars.

The findings conclude an 18-month investigation by the chamber’s Permanent Subcommittee on Investigations and show that roughly a quarter of the 300 randomly selected disability cases were awarded benefits “without properly addressing insufficient, contradictory and incomplete evidence.” 

Each questionable decision can mean a big taxpayer expense. According to one estimate, the average lifetime disability award is $300,000. 

The investigation was led by Oklahoma Sen. Tom Coburn, a medical doctor and the subcommittee’s top Republican. He said the bipartisan report shows information gathered over the past several years concludes the Social Security Disability Insurance and Supplemental Security Income programs are “teetering on financial bankruptcy.”

The 136-page report focuses on questionable benefits rulings made by administrative law judges, including one in Oklahoma who was found to have awarded more than $1.6 billion in lifetime benefits in just three years. Judge Howard O’Bryan, in Oklahoma City, approved roughly 90 percent of more than 5,400 cases from 2007 to 2009 -- most of them held “on-the-record” without hearings, according to the minority report.

The report also found the agency since January 2009 added 5.9 million Americans to the disability rolls. And in 2011, 10.6 million people were receiving more $128.billion in disability insurance payments, the report said.

“The question is: Are benefits going only to those who are supposed to be getting to them?” Coburn asked Thursday during a Capitol Hill hearing on the issue. “The purpose of this program is to make sure that all Americans have a safety net if they become disabled and can no longer work. It should be remembered though that this law means ‘being unable to work any job in the national economy.’ ”

The Social Security Administration responded Monday, acknowledging the concerns and vowing continued improvement.

Via: Fox News


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Congress Could Impeach Sebelius


Obama must punish Sebelius
In a Monday memorandum, government watchdog group Cause of Action argued that President Barack Obama must fire – or at least suspend for 30 days without pay – Health and Human Services Secretary Kathleen Sebelius for her Hatch Act violation or his top-ranking health care official could face impeachment.
The U.S. Office of Special Counsel said last Wednesday that Sebelius violated the law when she publicly endorsed Obama’s re-election and North Carolina Lieutenant Gov. Walter Dalton’s gubernatorial primary in a multi-way race during a taxpayer-funded public event on Feb. 25, 2012. The standard penalty for violating the Hatch Act is termination. But, the White House has suggested that Obama will offer Sebelius special treatment and let her keep her job.
According to OSC, any “employee who violates the Hatch Act shall be removed from their position, and funds appropriated for the position from which removed thereafter may not be used to pay the employee or individual.”
Federal government employees who are not politically appointed by the president and confirmed by the Senate may have their punishment lessened from termination “if the Merit Systems Protection Board finds by unanimous vote that the violation does not warrant removal, a penalty of not less than a 30-day suspension without pay shall be imposed by direction of the board.”
But, according to Cause of Action executive director Dan Epstein, since Sebelius is a Senate-confirmed presidential appointee, she isn’t entitled to such a review.
“Thus the point is that by close of business on Sept. 12, 2012, the president has been informed of a Hatch Act violation and yet has decided not to fire Sebelius,” Epstein said. “The president has therefore decided to overlook the improper political activities of his appointees when in their official capacities. He has effectively said it is okay to politicize the executive branch.”
According to the Monday Cause of Action memo, “[i]n an unprecedented situation like the present one, the President takes ‘appropriate action’ by substituting himself into the role of the MSPB – in other words ‘appropriate action’ means that the president must suspend Secretary Sebelius for at least 30 days or remove her from office.”

The Magnitude of the Mess We're In


Sometimes a few facts tell important stories. The American economy now is full of facts that tell stories that you really don't want, but need, to hear.
Where are we now?
Did you know that annual spending by the federal government now exceeds the 2007 level by about $1 trillion? With a slow economy, revenues are little changed. The result is an unprecedented string of federal budget deficits, $1.4 trillion in 2009, $1.3 trillion in 2010, $1.3 trillion in 2011, and another $1.2 trillion on the way this year. The four-year increase in borrowing amounts to $55,000 per U.S. household.
The amount of debt is one thing. The burden of interest payments is another. The Treasury now has a preponderance of its debt issued in very short-term durations, to take advantage of low short-term interest rates. It must frequently refinance this debt which, when added to the current deficit, means Treasury must raise $4 trillion this year alone. So the debt burden will explode when interest rates go up.
The government has to get the money to finance its spending by taxing or borrowing. While it might be tempting to conclude that we can just tax upper-income people, did you know that the U.S. income tax system is already very progressive? The top 1% pay 37% of all income taxes and 50% pay none.
Did you know that, during the last fiscal year, around three-quarters of the deficit was financed by the Federal Reserve? Foreign governments accounted for most of the rest, as American citizens' and institutions' purchases and sales netted to about zero. The Fed now owns one in six dollars of the national debt, the largest percentage of GDP in history, larger than even at the end of World War II.
The Fed has effectively replaced the entire interbank money market and large segments of other markets with itself. It determines the interest rate by declaring what it will pay on reserve balances at the Fed without regard for the supply and demand of money. By replacing large decentralized markets with centralized control by a few government officials, the Fed is distorting incentives and interfering with price discovery with unintended economic consequences.

Historic NASA facilities going to waste


The space agency has an unusual problem: space.

A recent review of NASA’s land holdings on earth revealed a new challenge for the agency: poorly maintained, aging facilities once used for research and development or space vehicle construction, now essentially useless.

NASA spends about $1.1 billion annually on maintenance and upkeep of its more than 5,400 buildings, landing strips and other unique sites; but approximately 9 percent of its real property assets aren’t being used, NASA told FoxNews.com. The solution, according to the Office of the Inspector General (OIG): lease them
.
Kennedy leases a clean room where Apollo capsules were readied 40 years ago to Lockheed Martin. Boeing is building space taxis in a processing hangar where shuttles were once routinely readied to soar. And there are plenty of others, from Rolls-Royce and Google to local schools and, in areas where businesses aren’t interested, parks, gardens and visitor centers.

But not enough, according to Paul K. Martin, NASA Inspector General.

“Few incentives exist for NASA to identify underutilized property as unnecessary to its mission needs,” he concluded in the August report.

Olga Dominguez, NASA’s assistant administrator for the office of strategic infrastructure, agreed that the agency wasn’t 100 percent sure how many buildings and facilities were unusued. Part of the challenge, she said, was the changing nature of the space agency’s mission. As NASA has refocused from the space shuttle to the private space industry, its needs have changed as well.

“Because our mission has gone through such extensive changes, all of these new programs -- commercial crew, commercial space -- all of these have different requirements,” she told FoxNews.com. “So the space needs have changes every year.”

“Right now, well we think we might need [a facility] and then seven months later, no we don’t.”
NASA is the ninth largest land owner in the federal government, with more than 100,000 acres that occupy 44 million square feet and are estimated to cost $29 billion to replace.

Via: Fox News



Morning Bell: Our Constitution Is Under Fire


Today, the federal government has acquired an all but unquestioned dominance over virtually every area of American life. It acts without constitutional limits and increasingly regulates our most basic activities, from how much water is in our toilets to what kind of light bulbs we can buy.
So while we face many challenges, the most difficult task ahead—and the most important—is to restore constitutional limits on government. Forty visionaries signed a piece of paper 225 years ago today that became one of the most vital documents in the world: the U.S. Constitution.
By design, it limited the power of government under the rule of law, created a vigorous framework that expanded economic opportunity, protected national independence and secured liberty and justice for all. But how is that limitation of powers working today?
The Judicial Branch. The rise of unlimited government is most familiar and most prominent in the form of judicial activism. The Founders called the judiciary the “least dangerous branch,” but progressive judges have usurped the functions of the other two branches and transformed the courts into policymaking bodies with wide-ranging power. We need judges who take the Constitution seriously and follow it faithfully.
The Legislative Branch. For its part, Congress has long legislated without regard to limits on its powers. As a result, decisions that were previously the constitutional responsibility of elected legislators are delegated to executive branch administrators. Congress is increasingly an administrative body overseeing a vast array of bureaucratic policymakers and rule-making bodies. Congress should stop delegating to bureaucrats and actively take responsibility for all the laws (and regulations) that govern us.
The Executive Branch. Meanwhile, the President has unique and powerful responsibilities in our constitutional system as chief executive officer, head of state, and commander in chief. But the idea that the president— who is charged with the execution of the laws—doesn’t have to wait for the lawmaking branch to make, amend, or abolish laws, but can and should act on his own is toxic to the rule of law. It violates the spirit, and potentially the letter, of the Constitution’s separation of the legislative and executive powers of Congress and the President.

A Failed Presidency of Global Proportions


"These are the times that try men's souls."  So wrote Thomas Paine in the midst of the darkest days of the American Revolution, when the fate of what would become the grandest experiment in human liberty hung in the balance.  In recent weeks, those words have found renewed relevance as it becomes clear to this generation that the fate of our nation hangs in the balance again.
This much is now clear: on every count, domestic and foreign, the presidency of Barack Obama has failed.
Though pride or egotism may prevent many from acknowledging it, there is simply no rational argument left to plausibly deny this unfortunate reality.  Whether it is the crumbling value of the dollar, the demise of an economy once in recovery into one now slouching towards another recession, the crushing debt that is spinning us dangerously close to the point of no return, a persistent unemployment crisis that has not been remotely remedied by the continued spending or quantitative easing of all our brilliant government central planners, or the skyrocketing energy costs that break the collective banks of American family budgets both at the gas tank and with the monthly heating bill, President Obama has been a domestic policy disaster.  One of the worst ever.
On the foreign front, a similar conclusion was perhaps more difficult to discern until last week.  To any informed observer, there was certainly always reason for concern as the terror obsessed Muslim Brotherhood stretched its influence and consolidated its power throughout the Middle East under the protective cloak of the Obama-approved label "Arab Spring."  Prudent minds questioned how such a development could possibly end well for those who desire peace, and why despite being reassured by their president that "[t]he day I'm inaugurated, Muslim hostility will ease," America's approval rating in the Muslim world continued to plummet to new lows. 

Via: American Thinker


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For Every $1 Added to the Economy, Obama Added More Than $3 in Debt


AP Graphi

Since Obama has taken office ….
[through Q2 2012 for comparative purposes]
--> For every $1 added to the economy, we’ve added more than $3 in debt
--> added $5.23 trillion in debt vs. $1.68 trillion to the economy
--> 50% increase in debt vs. 12% increase in economic output
Total Public Debt:
$10,626T [Jan 20, 2009]
$15,856T [Jun 30, 2012]
--> $5.23 trillion increase in debt
[source: Treasury Dept]
......
GDP
$13,923T [Q1 2009]
$15,606T [Q2 2012]
--> $1.68 trillion increase in GDP
[source: BEA]
Via: Fox News

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General Motors Pushing U.S. to Sell Stake: Report

CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM -1.16% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government, the newspaper noted. 

Via: Market Watch

Romney to explain plans to cut $500 billion per year in federal spending


Mitt Romney is launching a “renewed emphasis” on specifics related to policies he would advance as president, his campaign said Monday, including how he plans to cut $500 billion in annual federal spending.
“These things will result in about $500 billion a year by the end of his first term,” Romney campaign senior adviser Ed Gillespie explained in a Monday conference call.
Gillespie said Romney would “look to increase the productivity of Washington by reducing federal government employment by 10 percent through attrition, and combine agencies and departments to reduce overhead, and link government compensation to that of the private sector.”
Romney, he added, would “limit spending for programs that have been growing uncontrollably fast,” including Medicaid, which he would turn back to the states. He would also limit funding increases to the inflation rate plus one percent.
“We think people will be appreciative to hear some of those kinds of specifics,” Gillespie said, explaining the renewed focus is meant to target independent voters who the campaign believes are just now tuning in to the election.
“A lot of those voters who are in the middle and truly independent, undecided, are looking for information now,” he said.
The Romney campaign has been wary to say the names of what federal departments or agencies he would eliminate or consolidate. Gillespie dodged a question about whether they plan to announce specific departments that could get the axe in this new emphasis on policy specifics.
Via: The Daily Caller

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