Obama Responsible for Economy

Obama will say anything and everything.

Video.



Very embarrassing.

Dow Tanks

Oh, my God!

Dow Sinks 500, Worst Day Since Dec. 2008

This is a nightmare.

Barack Obama is Jimmy Carter.

Obama 'Listening' Bus Tour

Obama is supposedly going to listen to Americans.

He's going on a bus tour to get in touch with the people of the heartland.

From Reuters:

President Barack Obama will take a three-day campaign-style bus tour through the American Midwest this month, as he tries to refocus attention on jobs seen as vital to his chances of winning re-election in 2012.

The president will be on the road between August 15 and August 17 "listening" to the American people about jobs and the economy, White House press secretary Jay Carney said.

Obama's approval ratings have been dented by persistently high U.S. unemployment and acrimonious negotiations in Washington to raise the country's $14.3 trillion debt ceiling.

"Listening"?

Very funny.

That reminds me of Wisconsin's former senator, Russ Feingold - the guy Wisconsinites rejected and threw out of office BECAUSE HE DIDN'T LISTEN. Feingold's listening sessions were a joke.

Obama's bus tour is a lame election stunt.

He has no intention of really listening to Americans.

I'm sure the audiences will be carefully screened to be friendly.

Obama won't learn a thing in an echo chamber.

Complete waste of time.

Alberta Darling: Good for Wisconsin

It's "We, the people," not "We, the unions and liberal special interests."

Wisconsinites did the right thing when we put Wisconsin on a path to prosperity last November.

What a mistake it would be to let that slip away!



Alberta Darling did what we wanted - balanced the state budget without raising taxes.

Success!

"My opponent believes taxpayers should work for the government. I don't. I believe that government should work for the people."

Well said.

Vote for Alberta Darling on August 9th.

Then celebrate your vote with some HONEST barbecue, not the illegal, pro-Sandy Pasch stuff.

John Chisholm. Calling DEMOCRAT Milwaukee County District Attorney, John Chisholm.

Thaddeus McCotter and Dennis Miller

Here's audio of Thaddeus McCotter on Dennis Miller's show, August 2nd:

Debt Deal, Economy Still Sucks

The Senate has voted. A debt deal has been reached.



The United States of America is saved!

CELEBRATE!

Oh, wait.

The economy still sucks. It really sucks.

The stock market continues to tank. Home values continue to sink. There are no jobs.

From the New York Times:

A Senate vote to pass the debt ceiling plan on Tuesday may have averted the potential for the United States to default on its obligations, but it failed to lift investors’ spirits.

Within minutes of the news of the vote on the budget agreement, which had already passed the House on Monday, the three main indexes on Wall Street were down more than 1 percent.

Stocks had slumped since the morning opening as investors weighed recent data that drove home the challenges the economy faces. Their next step: weighing the debt limit agreement’s impact on the economy and whether it could possibly slow growth.

“As the macro data comes out, it seems like we may have more on our hands than just getting the debt ceiling raised,” said Myles Zyblock, chief institutional strategist and managing director of capital markets research at RBC Capital Markets.

"It SEEMS like we may have more on our hands than just getting the debt ceiling raised"?

NO KIDDING.

The Obama economy is an absolute disaster.

I can't take it anymore.

Obama has to follow in Jimmy Carter's footsteps. He has to be a one-term president.

It's the economy, stupid.

And the economy sucks.
________________

UPDATE: U.S. stocks in worst streak since credit crisis, Dow industrials extends declines into an eighth session

U.S. stocks fell hard Tuesday, posting their longest losing streak since the heart of the 2008 credit crisis, on investor worries about upcoming federal deficit cuts and a likely stall in the recovery.

The Dow Jones Industrial Average /quotes/zigman/627449/delayed DJIA -2.19% fell 265.87 points, or 2.2%, to 11,866.62, its worst one-day loss since June 1. The eight-day losing stretch was the longest since October 2008, weeks after the collapse of Lehman Bros. and by some measures, the peak of the U.S. credit crisis.

The S&P 500 posted a new closing low for 2011 and turned negative for the year.

What a nightmare!

Jim Cramer: Obama, Panic

Jim Cramer of CNBC was on the Meet the Press yesterday discussing the debt ceiling situation.

In terms of leadership, Cramer declares that Obama handled the matter very poorly, saying that Obama caused panic.

Video.



Transcript

DAVID GREGORY: Let, let me ask Jim Cramer about the president's leadership in all of this. To show you how toxic this atmosphere is here, Peggy Noonan wrote in her piece in The Wall Street Journal over the weekend the following about the president has supporters still, but there is grim support. She writes, "Obama is losing a battle in which he had superior forces - the presidency, the U.S. Senate. In the process he revealed that his foes have given him much too much mystique. He is not a devil, an alien, a socialist. He is a loser. And this is America, where nobody loves a loser." Pretty strong language. From your vantage point, how has the president led through this?

JIM CRAMER: All right. One of the things that happened, I want to talk about what the congressman said about the media, that the media exacerbated or even caused the problem. We were all hopeful in Wall Street and in Main Street that the president would come out and say a few things which said compromise. He came out and panicked the heck out of us. He talked about the higher interest rates for mortgages, he talked the spike--the spiking credit card, he talked about how hard it is going to be to get a student loan. It took us all aback because we felt that he'd be a compromise leader. Instead, he created tremendous fear. Tremendous fear means uncertainty. Uncertainty means no spending. Uncertainty means no spending by businesses. It means no hiring. It was a setback.

GREGORY: But...

CRAMER: He caused the panic, not the media.

I agree.

Obama caused the panic.

He says what he believes to be in his best interests politically. He puts himself first, not the country.

In short, Obama is not a good leader. He's too selfish.

U.S. Credit Rating Downgrade

There's a debt deal! Rejoice!

We're saved!

Not necessarily.

From the Wall Street Journal:

Though Moody's Investors Service and Standard & Poor's Ratings Services said late Sunday they would not immediately comment on the tentative debt deal reached by President Barack Obama and Congress, past comments from the ratings agencies indicate the U.S. government's perfect credit rating could still be in jeopardy.

S&P had repeatedly said since putting the U.S. rating on review for possible downgrade that it wanted to see a deficit-reduction plan that was around at least $4 trillion. The tentative deal reached earlier Sunday appears to fall well short of that level. The agreement calls for a $2.4 trillion reduction to deficits over the next 10 years.

If S&P determines the deal falls short of meaningfully changing the trajectory of U.S. deficits, it could still cut the government's triple-A rating. S&P had previously said a downgrade would likely be into the AA range, which means the U.S. could still see its rating cut between one and three notches. A cut in the rating could lead to higher borrowing costs for the U.S.

"The impact on the AAA will depend on whether S&P sticks to what it stated back on July 14 when it placed America's rating on negative watch," said Mohamed El-Erian chief executive officer and co-chief investment officer at Pacific Investment Management Company. Pimco, a unit of Allianz, is one of the world's largest bond market investors.

El-Erian said in an emailed response to questions from Dow Jones Newswires that "a strict interpretation by S&P speaks to the likelihood of a downgrade, though I suspect, the agency is under enormous pressure not to do so."

Another major investor, money-manager BlackRock Inc., called the tentative debt deal "positive," but withheld full endorsement because of questions about the timing and scope of deficit cuts.

"Avoiding default by the U.S. government is of paramount importance, but investors also need to see a clear path toward deficit reduction that encourages confidence in the U.S. dollar," it said in a statement.

Obama: Debt Deal (Video, Transcript)

Why did NBC, ABC, and CBS preempt prime time programming to carry Obama's political shtick on Sunday evening?

FOX didn't let Obama hijack its normal schedule. The Cleveland Show continued to air as usual while the other networks showed Obama's address.

That was a good call by FOX. Obama's remarks didn't contain any information so pressing that it required him to seize the airwaves.

The votes haven't been taken. It's not a done deal. Nonetheless, Obama announced that the debt crisis was essentially over. What was the rush?

Here's video:



Here's the complete White House transcript of Obama's remarks:

8:40 P.M. EDT

THE PRESIDENT: Good evening. There are still some very important votes to be taken by members of Congress, but I want to announce that the leaders of both parties, in both chambers, have reached an agreement that will reduce the deficit and avoid default -- a default that would have had a devastating effect on our economy.

The first part of this agreement will cut about $1 trillion in spending over the next 10 years -- cuts that both parties had agreed to early on in this process. The result would be the lowest level of annual domestic spending since Dwight Eisenhower was President -- but at a level that still allows us to make job-creating investments in things like education and research. We also made sure that these cuts wouldn’t happen so abruptly that they’d be a drag on a fragile economy.

Now, I've said from the beginning that the ultimate solution to our deficit problem must be balanced. Despite what some Republicans have argued, I believe that we have to ask the wealthiest Americans and biggest corporations to pay their fair share by giving up tax breaks and special deductions. Despite what some in my own party have argued, I believe that we need to make some modest adjustments to programs like Medicare to ensure that they’re still around for future generations.

That's why the second part of this agreement is so important. It establishes a bipartisan committee of Congress to report back by November with a proposal to further reduce the deficit, which will then be put before the entire Congress for an up or down vote. In this stage, everything will be on the table. To hold us all accountable for making these reforms, tough cuts that both parties would find objectionable would automatically go into effect if we don’t act. And over the next few months, I’ll continue to make a detailed case to these lawmakers about why I believe a balanced approach is necessary to finish the job.

Now, is this the deal I would have preferred? No. I believe that we could have made the tough choices required -- on entitlement reform and tax reform -- right now, rather than through a special congressional committee process. But this compromise does make a serious down payment on the deficit reduction we need, and gives each party a strong incentive to get a balanced plan done before the end of the year.

Most importantly, it will allow us to avoid default and end the crisis that Washington imposed on the rest of America. It ensures also that we will not face this same kind of crisis again in six months, or eight months, or 12 months. And it will begin to lift the cloud of debt and the cloud of uncertainty that hangs over our economy.

Now, this process has been messy; it’s taken far too long. I've been concerned about the impact that it has had on business confidence and consumer confidence and the economy as a whole over the last month. Nevertheless, ultimately, the leaders of both parties have found their way toward compromise. And I want to thank them for that.

Most of all, I want to thank the American people. It’s been your voices -- your letters, your emails, your tweets, your phone calls -- that have compelled Washington to act in the final days. And the American people's voice is a very, very powerful thing.

We’re not done yet. I want to urge members of both parties to do the right thing and support this deal with your votes over the next few days. It will allow us to avoid default. It will allow us to pay our bills. It will allow us to start reducing our deficit in a responsible way. And it will allow us to turn to the very important business of doing everything we can to create jobs, boost wages, and grow this economy faster than it's currently growing.

That’s what the American people sent us here to do, and that’s what we should be devoting all of our time to accomplishing in the months ahead.

Thank you very much, everybody.

END
8:44 P.M. EDT

Obama's acting as if he's the master negotiator, while at the same time distancing himself from the negotiations.

He praises members of both parties for arriving at an agreement, but chastises them for their haggling, for taking "far too long" to arrive at a deal.

Obama is still relying on the "balanced approach" talking point, giving Americans what he thinks they want to hear. But then, he asserts his belief that raising taxes is the answer to manage his wild, historically reckless spending. That's not the kind of "balance" that makes sense in this mess of an economy. It's impossible to raise taxes high enough to keep pace with the Obama astronomical spending spree.

Obama doesn't mention that Democrats failed to pass a budget when they had total control of Congress. It's disingenuous for Obama to express his concern about the impact of recent uncertainty on business confidence and consumer confidence when he's been screwing up the economy for years and making disastrous policy moves.

Way to go, Democrats!

Obama also doesn't mention that this deal doesn't mean the U.S. government will retain its perfect credit rating.

And of course, America needed Obama to take over programming to thank the people for their tweets.

Good grief.

I'm sick of Obama's political posturing and campaigning being sold to the public as Obama carrying out his presidential responsibilities.

It's all political maneuvers, election strategy.

What a leader!

What a crock!

Borders Closing and Obama

It's the economy, stupid!

Wisconsin Recall Elections and Obama

Obama and his political machine are meddling in Wisconsin politics.

Here's an e-mail from Obama's campaign operation:

Friend --

On August 9th, Wisconsin voters will go back to the polls to decide whether six Republican senators have failed to serve the needs of Wisconsin's hard-working families.

Senate Republicans broke the trust of Wisconsinites earlier this year when they forced drastic cuts in funding for schools, seniors, and the disabled to cut taxes for their own contributors.

Since then, hundreds of OFA Wisconsin supporters across the state have spoken up, saying they want to have an impact in the recall elections in August. So in the coming weeks, volunteers will be organizing their networks, working phone banks, and knocking on doors to get the word out about what's at stake on August 9th -- and this Saturday, there's an event in Glendale.

Can you make it? Here are the details:

What: Wisconsin legislative recall event

Where: 6807 N Green Bay Ave
Glendale, WI 53209

When: Saturday, July 23rd
10:00 am

If you can't make that event, find another one near you here.

Six Republican-held seats are up for grabs on August 9th -- and two more held by Democrats are up on the 16th.

While the campaign remains focused on re-electing the President, Organizing for America will provide support to OFA Wisconsin volunteers organizing around Democratic candidates in the recall elections.

I hope you can join the event in Glendale on Saturday. Sign up here:

http://wi.barackobama.com/Wisconsin-Recall-Events

Thanks,

Michelle

Michelle Kleppe
Wisconsin State Field Director
Organizing for America

Clearly, Obama considers Wisconsin to be vital to his own political future. It's no surprise that he's poking around in our state politics.

It's no surprise that Obama is waging class warfare and distorting what Governor Scott Walker and the Republicans have accomplished for Wisconsin's families.

Instead of being divisive and being a big labor hack, Obama should learn from Scott Walker and the Republicans.

"Wet blanket" Obama should observe the successes and reconsider his policies.

Wisconsin Jobs

Check it out, Wisconsin:

Net new jobs in June in WI: 9,500. Net new jobs in June in America: 18,000.

Amazing!

Wisconsin is open for business.

Thank you, Governor Scott Walker!


________________

Read "JUNE JOBS, UNEMPLOYMENT NUMBERS ANNOUNCED FOR STATE."

Contessa Brewer and Mo Brooks

Contessa Brewer, MSNBC, has yet another clip to add to her highlight reel.

Brewer, former TMJ4 reporter and anchor, is the gift that keeps on giving.

Video, from Breitbart:



Transcript

CONTESSA BREWER: You're simplifying the issues that were on the plate of the nation at that point. We were looking at going, reverting into a depression at that point. Everyone-- the Fed Chairman, the...

REP. MO BROOKS: Well, I disagree that we were going into a depression; but go ahead.

BREWER: Do you have a degree in economics?

BROOKS: Yes, ma'am, I do. Highest honors.

BREWER: OK, so... so, you disagree with the Fed Chairman, Ben Bernanke.

Oh, Contessa, you stepped in it - AGAIN!

What a fool!

Mo Brooks is no schlub.

Mo graduated from Duke University in three years with a double major in political science and economics, with highest honors in economics. In 1978, he graduated from the University of Alabama Law School.

Other "highlights" in Contessa Brewer's career:

Contessa Brewer and John Ziegler

Contessa Brewer and Zach Lahn

Contessa Brewer, MSNBC, White People, and Guns

MSNBC Bashes Republicans on Olympics

Contessa Brewer: Jesse Jackson and Al Sharpton

Contessa Brewer and Judd Gregg

Contessa Brewer: Global Warming Snow Job

Contessa Brewer: Islamic Ties, Faisal Shahzad

Contessa Brewer, MSNBC, and Living Green

Contessa Brewer and Tony Katz

Steve Wynn and Obama (Audio, Transcript)

Yes, I know everyone has heard Steve Wynn eviscerate Obama and the Obama economy.

It can't be heard enough.



Transcript

STEVE WYNN: But I'm afraid to do anything in the current political environment in the United States. You watch television and see what's going on, on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing's going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating. And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems -- that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, "Oh God, don't be attacking Obama." Well, this is Obama's deal, and it's Obama that's responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don't invest or holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs.

"And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs."

In a nutshell, that's why the economy sucks.

The only thing we have to fear is Obama himself.

Obama: OWN IT

Take responsibility for the economy, Obama.

GOP: Change Direction 2

Obama: Eat Peas (Video)

"We here highly resolve that these dead shall not have died in vain—that this nation, under God, shall have a new birth of freedom—and that government of the people, by the people, for the people, shall not perish from the earth."

--Abraham Lincoln


"The only thing we have to fear is fear itself."

--Franklin Delano Roosevelt


"Ask not what your country can do for you; ask what you can do for your country."

---John F. Kennedy

Now, the brilliant, articulate Obama, the "smartest guy ever to become president," according to historian Michael Beschloss, has told the nation:

"Pull off the Band-aid. Eat our peas."

We must eat our peas? Democrats and Republicans in Congress must come together and eat peas?

Obama is lecturing Republicans: "Eat your peas NOW! Quit screwing around!"

Peas in our time.

Here's video, from MRC TV, via Breitbart:



I like peas. Why is Obama dissing peas?

Timothy Geithner: No Recovery

On yesterday's Meet the Press, Treasury Secretary and tax cheat Timothy Geithner warned that economic recovery won't feel like recovery for a long time.

Wonderful.

It's going to be unlike we've ever experienced in our lifetime.

Terrific!

Video.



Transcript

DAVID GREGORY: When do you think recovery is actually going to start feeling like recovery?

TIMOTHY GEITHNER: Oh, I think it's going to take a long time still. This is a very tough economy. And I think for a lot of people...

GREGORY: Yeah.

GEITHNER: ...it's going to be--it's going to feel very hard, harder than anything they've experienced in their lifetime now, for some time to come. And that--but that is because that is the tragic effects of a crisis this deep and this bad caused by a long period of lost opportunities to do things to make the country stronger.

Geithner didn't say it, but he was blaming President Bush.

What a load!

He completely dismissed all the talk about last summer being the "summer of recovery." Now, there's no recovery in sight.

The fact is this is Obama's economy. Period.

One thing sure to make the country stronger, economically and otherwise: Do NOT reelect Obama.

Obama's Five Steps to Tanking Employment

From The Foundry:

Here are five ways that President Obama’s actions have directly contributed to Friday’s dismal jobs report, which included a rise in unemployment to 9.2%, the news that only 18,000 jobs had been created in June in a country of 300 million people, that wages have declined and that 250,000 people left the job market entirely.

• Stimulus package— The nearly $1 trillion boondoggle failed to stimulate, as we all now know, but made government grow beyond its means. Most of the stimulus bill was filled with the usual government pork or repeating failed policies of the past such as “shovel-ready” projects. Very few provisions were pro-growth and worked to encourage companies to create new, permanent jobs. Some provisions, such as increased unemployment benefits, unfortunately increase the duration of unemployment. The bottom line is that the stimulus bill was based on the flawed economic assumption that governments can spend their way back to prosperity and growth. The government stimulus bill did not create jobs; instead it filled job creators with fears of future tax hikes or more borrowing, and thus future artificially high interest rates.

• Obamacare— It took the Administration and the Democratic-held Congress a year and half to ram this piece of legislation down the throat of the American people, time that could have been spent fixing the employment picture. Worse yet, Obamacare imposes vast and expansive new regulations and made labor costs uncertain. Many businesses have said that they are not going to hire permanent workers until they understand exactly how much Obamacare is going to cost their business and raise employment expenses. Other businesses are not sure how the new Obamacare regulations impacts their bottom line, which means they are going to sit tight instead of expanding.

• Frank-Dodd Financial Bill— The heavy-handed Dodd-Frank financial regulation bill not only placed needless burdens on small as well as large financial institutions, but has deterred investment by imposing ill-defined restrictions on those who want to invest in the economy. And it did so without addressing the real causes of the financial crisis.

• Environmental Protection Agency regulation— Unable to get Congress to pass Cap and Trade, with its skyrocketing electric rates, the Obama EPA is skinning the cat another way—mandating costly regulation. The EPA is implementing a lineup of electric-industry regulations, including the already in-force, but-as-yet-unspecified new CO2 rules, that promise higher rates, less reliability, and a sketchy future business environment. It’s no great surprise that firms haven’t turned up the throttle on hiring and expansion.

• Regulatory Assault on Employers— The Administration’s enforcement agencies view employers as lawbreakers who need to be brought in line. Within the Department of Labor the Occupational Safety and Health Administration (OSHA) and Wage and Hour Division (WHD) have ramped up enforcement spending while cutting back programs that help employers understand and comply with the law. Obama’s Solicitor of Labor emphasizes the Labor Department’s focus on litigation against employers. The National Labor Relations Board (NLRB) is twisting the law into pretzels to facilitate union organizing, going so far as to file charges against Boeing for creating jobs in a non-union state. Obama’s message to employers has been clear: “We suspect you are breaking the law and we will get you.” Small wonder they are not hiring.

Bottom line: Obama has to be defeated in 2012, before his brand of hope and change does anymore damage.

Rick Santelli: Less Government Spending

Over two years ago, Rick Santelli touched a chord with millions of Americans when he suggested having a Tea Party.

RICK SANTELLI: We're thinking of having a Chicago Tea Party in July. All you capitalists that want to show up to Lake Michigan, I'm gonna start organizing.

A movement was born.

The revolution lives.

Video, via Breitbart:

RICK SANTELLI: I don't believe in compromise on spending. There's no compromise. Stop spending. Live within your means.

"President Obama, are you listening?"

Obama wasn't listening in 2009. He's not listening now.

Republicans, are you listening?