Bad news for the Obama economic recovery, GDP grew by only 3.2%, below analysts expectations.
The slow-motion economic recovery has continued in the early months of 2010, according to new data that both affirm that an expansion is solidly in place and underscore that it is likely to remain sluggish.
Gross domestic product, the broadest measure of economic activity, rose at a 3.2 percent annual rate in the first three months of the year, the government said Friday. That was the third straight quarter of increase, driven by a rise in spending by American consumers and increased business investment.
President Barack Obama states after the GDP fell from 5.7% to 3.2% that we are going in the right direction. Really?
From The Gateway Pundit, the text of Obama’s comments:
“The economy that was losing jobs a year ago is creating jobs today. After the single biggest economic crisis in our lifetimes, we’re heading in the right direction. We’re moving forward. Our economy is stronger — that economic heartbeat is growing stronger. But I measure progress by a different pulse.”
A different pulse, eh? You mean you make the stuff up as you go along and claim victory when numbers are positive and spin through your teeth to the American public when they are otherwise.
As stated at Hot Air, in January, Barack Obama and Democrats insisted that the 5.7% annual growth rate in the fourth quarter of 2009 showed that their stimulus plan had set the American economy back on track. A reduction of GDP to 3.2% is hardly a number that Obama can hang his hat on to boast of an economy in full recovery.
In 2014, the IRS becomes the enforcer of Obamacare. Their checking they’re list, they’re checking it twice, they’re gonna find out whether you don’t have health insurance or nice.
Starting in 2014, the agency will have another task: making sure all Americans have health insurance. Under the law, Americans who can afford health insurance but refuse to buy it will face a fine of up to $695 or 2.5% of their income, whichever is higher. More than 4 million Americans could be subject to penalties of up to $1,000 by 2016 if they fail to obtain health insurance, the Congressional Budget Office said last week.
The IRS will be the enforcer — sort of.
HEALTH CARE LAW: Some trapped in pricey state plans
While the IRS can impose liens or levies, seize property or seek jail time against people who don’t pay taxes, it’s barred from taking such actions against taxpayers who ignore the insurance mandate. In the arsenal instead: the ability to withhold refunds from taxpayers who decline to pay the penalty, IRS Commissioner Doug Shulman said this month.
Still, compliance with the health reform law will be largely voluntary, says Timothy Jost, a law professor at Washington and Lee University. “By taking criminal sanctions and liens and levies off the table, the IRS’ hands are tied, to a considerable extent.”
They claim that the IRS lacks the clout to enforce mandatory health insurance. Really? When was the last time you ever said to yourself, that IRS, they lack clout. The answer most likely is, NEVER!
They claim all the IRS can do is send letters and offset your tax return. That’s all. Because I am sure every one would enjoy getting a letter from the IRS and having their yearly tax return confiscated. What happens if one is not do a refund, is their income tax offset and you are put into the negative owing the IRS? What if this occurs year after year and the $695 fine becomes $6950, and don’t forget the added interest and penalties. Do you thing the federal government is not going to come after that money?
If you do not, then I have a bridge to sell you. Better yet, I have an Obamacare health care plan to sell you that is about reform and not the government take over of health care.
If you were to listen to the state run main stream media these days one would think that America is against anti-illegal immigration laws and most notably the new anti-illegal law that was recently signed by Gov. Jan Brewer.
Of course that is the case, that is the liberal propaganda media at work once again. However, according to the most recent Gallup poll, more Americans are in favor of the new Arizona law than oppose it.
More than three-quarters of Americans have heard about the state of Arizona’s new immigration law, and of these, 51% say they favor it and 39% oppose it.
Once again Obama and the Democrats find themselves on the wrong side of the illegal immigration law fence. As stated in the Gallup poll summary, “Most Americans have heard about Arizona’s tough new immigration law, and they generally support it”.
Nationally, 62% of Republicans support the law (including 75% of Republicans who have heard about it). Democrats are more likely to oppose (45%) than favor (27%) the law, and a majority of Democrats familiar with the law (56%) oppose it. Independents are somewhat more likely to favor (37%) than oppose (29%) the law, with half of those who have heard about it in favor.
QANDO reminds us that just the other day Reuters had an article regarding the the energized Democrat and Hispanics in the wake of the Arizona law. We had stated that Democrats best be careful just what things they decide to get behind. So who will the ultimate backlash be against when all is said and done?
I think we already know the answer and so does Barack Obama. There is a reason why Obama took immigration reform off the agenda and said there will be no immigration reform done in 2010 prior to the midterm elections.
The president noted that lawmakers may lack the “appetite” to take on immigration while many of them are up for re-election and while another big legislative issue — climate change — is already on their plate.
“I don’t want us to do something just for the sake of politics that doesn’t solve the problem,” Obama told reporters Wednesday night aboard Air Force One.
Lack the appetite because they are up for reelection and there are other things already on the table? Hey Hispanics, I guess you see where you rate in the grand scope of things. You mean Democrats are playing politics with the illegals issue, say it isn’t so. Be very careful of supporting a party who things that fraudulent climate change is more important. The fact of the matter is, illegal immigration reform is yet another disaster in waiting for the Democrat party.
Recent Rasmussen polls show 60% support for police stopping individuals to verify immigration status. Just an FYI to the uninformed, The AZ law is hardly Nazi-like, especially when current US federal law states that an immigrant is required to have “green card” on them at all times.
Obama looks to kick the illegals can down the road. Illegal immigration Obama reform will be another Obamacare for the 2012 elections.
Orlando, FL– This morning, The Honorable Chief Judge Belvin Perry, Jr, has his first hearing presiding over the case against Casey Anthony.
At 9:30am, Jose Baez, J. Cheney Mason and team will appear with the prosecution led by Linda Drane Burdick and Jeff Ashton for a case management meeting called by Judge Perry.
He said what … Obama: “I do think at a certain point you’ve made enough money”
Via Hot Air, so you think that President Barack Hussein Obama is not a Marxist and a socialist, eh? So Obama thinks at some point you have made enough money. Maybe his “wholiness” the Obamamessiah would like to tell us just what that amount is.
Once again Obama made the mistake of telling us his real beliefs rather than reading his scripted and prepared speech off the teleprompter. The Teleprompter in Chief does it again …
America, pay attention to what Obama just said, because it’s a big F’n deal.
Comments from the Mark Levin radio show
Barack Obama went off the TelePrompter in his speech to a Quincy, Illinois audience about Wall Street reform. After saying that Democrats don’t begrudge success that’s “fairly earned,” Obama then ad-libs — and reveals more about himself than he probably wanted:
We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.
Compare that to his remarks as prepared for delivery:
Now, we’re not doing this to punish these firms or begrudge success that’s fairly earned. We don’t want to stop them from fulfilling their responsibility to help grow our economy.
Share the wealth, eh Barack? How about your own money? Does Barack Hussein Obama think that making $5,500,000.00 in a year is enough money? Why not, that is what The Chosen One made in 2009 according to his IRS tax return. This from the individual who wants to tax to the teeth people who make $250K a year
From Protein Wisdom, the brutally honest truth about Obama and the false narrative that the MSM wants to portray Obama as, even Fox News’ Bill O’Reilly.