Barack Obama, the Economy Is Strengthening, Remain Calm, All is Well … In the Midst of a Global Economic Meltdown

It’s an Obamanation …

President Barack Hussein Obama has become a cross between Baghdad Bob and Chip Diller (Kevin Bacon) of Animal House fame screaming in the midst of total chaos yelling remain calm as is well. Barack Obama claims that the economy is strengthening despite the fact that there is no economic data to hang your hat on.

“I think in our discussions we share the view that the economy is strengthening, that we are into recovery, that it’s actually led by some interesting sectors, like manufacturing, that we haven’t seen in quite some time,” the president said. “But what we also agree is that we’ve still got a lot of work to do.”

The economy is getting better, so says the Chosen One and we are supposed to believe him why? Maybe because he has created so many jobs as he promised? Not. Heck, even VP Joe Biden said we are never going to replace all of the 8 million jobs lost. How come they didn’t run on that platform? The fact of the matter is that Barack “Baghdad Bob” Obama has no data but his teleprompter words to say that the economy is getting better …

From Yahoo Finance … no matter where investors looks they see economic trouble as stocks skid on the fear of another global slowdown.

Yesterday the stock markets plunged 268.22 points to close below the all important 10,000 threshold.

The blue-chip average is on pace to fall more than 9% in the quarter, which ends on Wednesday. This would be the Dow’s first losing quarter since the first quarter of 2009, when a prolonged bull market began. The Dow Jones U.S. Total Stock Market Index has lost roughly $1.5 trillion in value in the quarter so far.

The Standard & Poor’s 500-stock index fell 3.1% to 1041.24, its low for the year. The Nasdaq Composite index fell 3.9% to 2135.18, its lowest since February. 

Consumer confidence fell sharply in June 2010 over the fear of no jobs being created. After all the Obama $878 billion stimulus spending, there are no jobs continually being created. Obama’s government spending policies have been a failure. Even socialist economies of Europe in theG20 Summit opted to be more fiscally conservative than President Barack Obama.

“What we need are consistent job gains, not just a month or two,” said Richard DeKaser, chief economist at Woodley Park Research in Washington, whose confidence forecast was the lowest of those surveyed. “Until we get that, I don’t think we’re going to see any gains in consumer confidence.”

We have record federal deficits, near 10% national unemployment, consumer confidence down, the stock market below 10,000, out of control government spending and some how in all that the economy is strengthening. Other than that Mrs. Lincoln, how was the play?

Democrat Controlled Senate Fails to Pass Extention of Unemployment Benefits

YOU SHALL NOT PASS!!!

The Harry Reid Democrat controlled Senate failed to pass legislation that would extend unemployment benefits. By a 57 to 41 margin Democrats fell three short of the 60 votes needed to advance the measure. It would appear the bipartisan vote went the way of the GOP as Democrat Senator Bob Nelson of Nebraska joined Republicans and voted against the legislation.

Senate Republicans and a lone Democrat, Ben Nelson of Nebraska, joined forces to filibuster the bill in a procedural vote on Thursday. Visibly frustrated, the majority leader, Harry Reid, Democrat of Nevada, said he would move on to other business next week because he saw little chance of winning over any Republican votes.

The vote was 57 to 41, with the Democrats falling three short of the 60 votes needed to advance the measure.

How difficult is it Democrats to figure out that Americans are tired of your spending and adding to the deficits? You continuously call the GOP the party of “No”; however, it was no what We the People wanted. You were provided nearly $1 trillion in a stimulus that has been a bust, you could easily use this money to offset this unemployment extension. Americans are sick and tired of you drunken sailor spending.

The Senate Republican leader, Mitch McConnell of Kentucky, has insisted that the bill not add to the deficit. Democrats argued that they had found ways to cover the entire cost of the $112 billion measure, with the exception of the $35.5 billion extension of unemployment benefits, which some Republicans said they could accept.

But some Republicans who had been negotiating with Mr. Reid said they remained opposed to tax increases in the bill, and Mr. McConnell insisted that Republicans would not support any increase in the deficit.

To dramatize the point, after blocking the Democrats’ bill, Mr. McConnell proposed a one-month extension of unemployment benefits and some other safety-net spending, to be paid for with about $10 billion in unspent money from last year’s economic stimulus program.

Legal Insurection gets in right … all Democrats had to do is pay for the legislation by offsetting one of their other bloated spending pieces of legislation. With a record federal deficit and budget, isn’t that the least that Democrats owe our children, grand children and great grand children?

NY Times Just Figuring Out Democrats Could Lose Congress in November Midterms

Who says that the New York Times, the Old Gray Lady is not up on their current affairs? This weekends article, “Democrats’ Long-Held Seats Face G.O.P. Threat”, the NY Times finally figures out that the GOP not only threatens long time Democrat seats, but they also may take over control of the Congress in this November’s midterm elections.

Wow, go figure … Welcome to the party pal, the Tea Party that is. Glad to see they finally coming out of denial and are admitting the inevitable. Because you know LEFT, admission is the first step. The MSM has been demonizing the Tea Parties and their criticisms of government. Has the NY Times finally seen the light?

Representative David R. Obey has won 21 straight races, easily prevailing through wars and economic crises that have spanned presidencies from Nixon’s to Obama’s. Yet the discontent with Washington surging through politics is now threatening not only his seat but also Democratic control of Congress.

Mr. Obey is one of nearly a dozen well-established House Democrats who are bracing for something they rarely face: serious competition. Their predicament is the latest sign of distress for their party and underlines why Republicans are confident of making big gains in November and perhaps even winning back the House.

The fight for the midterm elections is not confined to traditional battlegrounds, where Republicans and Democrats often swap seats every few cycles. In the Senate, Democrats are struggling to hold on to, among others, seats once held by President Obama and Vice President Joseph R. Biden Jr. Democrats are preparing to lose as many as 30 House seats — including a wave of first-term members — and Republicans have expanded their sights to places where political challenges seldom develop.

Democrats are preparing to lose 30 House seats. Well, so much for that denial I guess. Hardly, the way the mood of the country is, the loses for Democrats probably start at 35 to 40. Across the country Democrats find them self in real trouble. Blue Dog Democrats in the South are either retiring or find them self out of favor with the voters. Republicans and middle of the road independents realize that a vote for a Democrat is a vote for liberal Nancy Pelosi.

The article in Real Clear Politics, “How Bad Could 2010 Really Get For Democrats,” asks the question whether Democrats could lose 70, 80 or 90 seats. The polling data for Democrats is horrific, as Michael Barone calls this the worst polling environment for Democrats “during my 50 years of following politics closely. The Rasmussen Generic Ballot poll has Republicans up by 10%, an almost unheard of advantage. The bad economy, unemployment near 10%, President Obama’s job approval rating declining and the controversial agenda like Obamacare at an all time low, all spell disaster for Democrats. The polling data is so bad, if Republicans don’t will the House it would be considered a loss.

Representative Pete Sessions of Texas, chairman of the National Republican Congressional Committee, said he would consider anything short of taking back the House a failure. Republicans say they have not recruited strong candidates in all districts, but both parties agree that Republicans are within reach of capturing the 40 additional seats needed to win control. Republicans also are likely to eat into the Democratic majority in the Senate, though their prospects of taking control remain slim.

For Republicans to take control of the US Senate they would need some races to break right; however, the GOP does stand to make significant gains.  I would tend to disagree with the NY Times map of Senate races as many of which they claim are leaning Democrat like PA, are more so leaning Republican.  With the mood of the country as such, the economy not looking to turn around by November, the electorate still upset over Obamacare and angered further by the recent news that Obamacare will increase costs, Republicans most likely will capture the toss up states and stand to pick up 8 to 9 Senate seats.

Republicans lead in the NY Times so-called vulnerable Senate seats of MO, NH, KY and OH. In the case of New Hampshire and Kentucky, the GOP candidate has a double digit lead. In Nevada, Pennsylvania, Arkansas, North Dakota, Indiana and Colorado, it is not a matter if Republicans win, but when. Even Barack Obama’s own former seat has a Republican in the lead in the polls. How bad is it for Democrats? Even Barbra Boxer is in the fight for her political life in California.

In the Senate, Republicans also are looking to make major gains, though their hopes of winning control were set back when Tommy Thompson, a former Wisconsin governor, decided against challenging Mr. Feingold, who is seeking a fourth term. Democrats control the Senate by 59 to 41 seats.

To win the majority, Republicans would essentially have to run the table in races across the country: fending off Democratic challenges to four vulnerable Republican seats in Kentucky, Missouri, New Hampshire and Ohio, and capturing 10 seats now held by Democrats. Even in this climate, Republican officials concede that an error-free year is unlikely. Republicans appear to have a shot at winning races in Arkansas, Colorado, Delaware, Illinois, Indiana, Nevada, North Dakota and Pennsylvania.

They would also have to pick up the seats of decidedly more entrenched — though not unbeatable — incumbents, like Senators Barbara Boxer of California or Patty Murray of Washington.

Remember in November is the battle cry. If one asks the Magic 8 Ball if Democrats will suffer damaging political loses and more than the average number of seats of a first term President … Signs point to Yes.

Obama Treasury Secretary Timothy Geithner Praises “Positive Sides” of the Tea Party … Guess they Don’t Amuse Turbo Tax Tim

And now for something completely different … These people will say anything … THE OBAMA ADMINISTRATION WAS FOR THE TEA PARTY AFTER THEY WERE OPPOSED TO THEM!

Obama Treasury Secretary Turbo Tax Tim Geithner praises the positive sides of the Tea Party. Priceless, Geithner suggests that The Tea Party movement’s concern with deficit spending and an out of control and record deficits under Obama could align the group with the administration in the future. What, Obama fiscally responsible, now that’s PRICELESS.

This makes as much sense as Bill Clinton claiming expertise in marital fidelity, Obama’s discretion in choosing friends and pastors, Nancy Pelosi’s (choices) in plastic surgeons…..

Then again, the head of the IRS wasn’t quite bright enough to navigate ‘Turbo Tax’ software, so who knows?

We go from Obama mocking the Tea Party to Geithner praising them. Talk about good cop, bad cop … or is it just typical BS! Looks like some damage control for Obama’s ill advised comments the other day.

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