Archive for the ‘The Economy’ Category

While the Obama administration managed to get a $20 billion commitment out of BP to cover spill victims wages and clean up costs, they didn’t think it was enough. They wanted BP to pay the cost of Obama’s drilling moratorium.

BP successfully argued it shouldn’t be liable for most of the broader economic distress caused by the president’s six-month moratorium on deep-water drilling in the Gulf of Mexico. And it fended off demands to pay for restoration of the Gulf coast beyond its prespill conditions. – Wall Street Journal

Just another classic example of Obama trying to pass the buck.

Make Obama Follow His Own Rules

If BP should be required “to pay for restoration of the gulf coast beyond prespill conditions,” then Obama should be required to pay for the restoration of the economy beyond pre-Obama conditions. His threats of higher taxes and government handouts caused businesses to circle their wagons so they could wait and see what to do next. And that brought our economy to the greatest slow down since the Great Depression.

The cost of the damage Obama has caused to the US economy is many times the cost of the damages caused by BP.

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What if?

Imagine someone had come to you in the spring of 2008 and told you we would be where we are today. You would not have believed such a transformation could occur. In less than 18 months we have added $2 Trillion to our national debt. Our economy is in it’s worst period since the Great Depression. Our political leaders are contemplating granting amnesty to illegal aliens. And a bill has passed to nationalize the health care system. But it will not be implemented until Obama has left office.

If someone had told you this is where we would be, you would have laughed. Well, here we are.

Obama’s Trip To Buffalo

Obama gives himself credit for saving us from another great depression. You can see it in the video below. He is too short sited to see that our economy didn’t start it’s free fall until he came on the scene in the political arena. The investors in our country saw a man on the way in early 2008. A man who was making promises that couldn’t be kept. Fear caused them to pull there assets our of the US economy. They took their money to China and India. Our stock market plummeted and employers started laying off workers.

President Obama complains about being left with a $1.3 Trillion deficit. But he has added more that $2 Trillion to the deficit in less than 18 months. Where will this be by the time he is thrown out of office in 2012?

Obama talks about keeping the American dream alive, but he is doing nothing to keep the American dream alive. Americans are more dependent on government than they ever have been. Our economy is growing again despite a President who has no experience in how the economy works. Why is it growing? It is growing because we are getting closer to his final days in power.

The Small Business Agenda

Obama tells us we are “on a course that is working”. He talks about the incentives and the loans small businesses are now able to get thanks to legislation he has signed. Factories, stores and other businesses have closed their doors as a result of Obama’s pre-election threats. He threatened higher taxes and he threatened tighter restrictions on businesses. As a result, large businesses with adequate assets took the route of caution. They stopped investing their money in growth. And this killed many small businesses.

Watch The Newly Clothed Emperor Praise Himself:

We ask you to connect us with businesses that are receiving the benefits Obama talks about. We can’t find them.

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Or was Obama just telling “lies”?

 The promise of change has been fulfilled. But it didn’t bring with it any hope. This nation has changed significantly. It is in the worst economic condition it has been in since the great depression. What will history label this period? Are the bad times even over yet? Who do you know that has entered the work force with a full time job lately?

Things were bad in May of 2009 when Jack Welch, former CEO of General Electric, said “We are getting what we voted for.” (CNBC 7pm – “Meeting of the Minds: The Future of Capitalism”). Today things are even worse.

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In this 2008 video Obama expresses concern about the high gasoline prices that poor Americans are having to pay. So part of his solution to the problem is to tax the oil companies.


Higher taxes do not lead to lower prices. Giving a voter $1000 tax credit will purchase a vote, but it will do nothing to lower energy prices.

The Obama Administration is financing Brazilian Oil Exploration

From The Wall Street Journal, August 18, 2009:

“The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.”

If he is going to finance Brazilian oil exploration, why will he not do it here in the US?

What has Obama done to, in his words, to “move this country forward” concerning our needs for energy?

Where are we now? And where do we go from here?

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James Carville

James Carville

“It’s the economy stupid” were words spoken by James Carville in 1992 as he helped lead Bill Clinton to a win in the Presidential election over George H. W. Bush.

What should we say today?

If that was the appropriate statement for 1992 the what is the appropriate statement for 2010?

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