Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
As I kinda sorta suspected, Obamarama and his COS have been hyping the hell out of something that just ain't so.
Quote:
As we noted here (http://www.powerlineblog.com/archives/2009/03/023051.php - broken link), Barack Obama has had to calibrate his position on the economy carefully to achieve a series of political goals. During the Presidential campaign, he said the economy was in dire straits and relentlessly ridiculed John McCain when McCain said the economy was "fundamentally sound." Once he took office, the situation became even graver, as Obama wanted to 1) make the sure the bar was set so low that anything that happens in the next four years will be seen as an improvement, and 2) justify a series of liberal initiatives that have nothing to do with the financial crisis, e.g., socialized medicine and a tax on carbon. ("Never let a crisis go to waste!")
Silly obamamites, still being sucked off, huh? Read the whole thing, including the tabs. As the Rolling Stones sang, "You can't always get what you want, but if you try sometimes, you get what you need" if you keep harping it. Power Line - The Economy: Sound After All! (http://www.powerlineblog.com/archives/2009/03/023070.php - broken link)
if we stick to the facts it is a troubling situation:
The U.S. federal government budget widened to $192.8 billion in February as tax receipts plunged to the lowest level in 14 years, the Treasury Department reported Wednesday. It’s the second largest monthly deficit on record, exceeded only by $237.2 billion gap in October. For the first five months of the fiscal year, the deficit has increased by a half trillion dollars to a record $764.5 billion. Outlays were flat compared with a year earlier at $280.1 billion, while receipts dropped 17% to $87.3 billion, the lowest since February 1995. In February, individual income taxes fell 64% to just $8.7 billion. That’s the lowest monthly total for individual income taxes since May 1985.
This is pure craziness! Our tax revenues are plunging at the same time our spending is doubling and tripling. We want to rebuild America but don’t have any plans for building industries. Instead, the Democratic/Obama plan is more along the lines of putting in a new granite countertop and cabinets in a kitchen of a house that is burning down! this could not have been said better, from a supkis blog!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
