3.07.2010

Obama’s Job’s Deficit Hits 8.3 Million - Focus Remains on Nationalized Health Care

President Barack Obama’s job’s deficit currently stands at 8.3 million. After losing 4 million jobs in his first year in office Barack Obama vowed in his 2010 State of the Union Address he would not rest until U.S. businesses were hiring again.

That lasted for about a week.

The economy’s continued poor performance means President Obama is falling further and further behind on his promise to create millions of new jobs. The President promised that if elected he would create 3.5 million jobs by the end of 2010 through new economic policies, beginning with the enactment of a massive economic stimulus package.

Yet once again President Obama has pushed job creation to the background as he continues to focus on nationalizing health care.

The AP reported:

President Barack Obama’s furious, final push to get a health care bill passed threatens to shove aside the message he promised would top his list this year: creating jobs.

Even as the White House juggles several enormous issues at once, the public takes its cues about the president’s chief concern from how he spends his time, energy and capital. As Obama himself put it on Wednesday, from now until Congress takes a final vote on a health care overhaul, “I will do everything in my power to make the case for reform.”

That kind of now-or-never campaign means America can expect a debate consumed by health care, again, for weeks.

The White House is trying mightily to focus it on real people and the human cost of inaction. But there will be no escaping the same slog that turned off so many people in 2009 — congressional process, arm-twisting and doomsday rhetoric.

So what unfolds over the next few weeks will affect millions of Americans and alter the course of Obama’s presidency. He has a shrinking window in which to find enough votes within his party to pass health care legislation so he can free himself to spend more bully pulpit time on the single issue that has stoked the public ire since he became president — disappearing jobs.

Polling shows the economy remains a bigger personal worry to people than the cost, access and coverage problems endemic to the health care system.


On Sunday, Glenn Reynolds wrote in The Washington Examiner about the dangers of a rogue government pushing radical changes without the consent of the people.

A nation whose government does not rest on the consent of the governed is a
nation whose government holds sway only by inertia, or by force.

It is a nation vulnerable to political shocks, usurpation, or perhaps even political
collapse or civil war. It is a body politic suffering from a serious illness. Those who care about America should be very worried.

3.05.2010

Harry Reid: Great News, Only 36,000 Lost Their Jobs Today

From our "Quote of the Day" files we bring you the one and only Sen. Harry Reid.

On March 5, 2010, Senator Harry Reid said, "Today is a big day in America. Only 36,000 people lost their jobs today, which is really good."


Kind of makes you wonder how he would define a really bad day....



The economy’s continued poor performance means President Obama is falling further and further behind on his promise to create millions of new jobs. Obama promised that if elected he would create 3.5 million jobs by the end of 2010 through new economic policies, beginning with the enactment of a massive economic stimulus package. Accompanying his jobs promise, the President also emphasized accountability and measuring his presidency by results. The result of the President’s jobs promise means total employment which in February stood at 129.5 million should be at least 137.8 million by the end of 2010, leaving the Obama jobs deficit at almost 8.3 million jobs.

New Study: California's High Energy Costs Will Skyrocket Under AB 32

This morning The Sacramento Citizen's new AB32 blog reported on California's energy costs and the impact California's "Global Warming Solution Act of 2006" will have on those costs:

California has some of the highest energy costs in the nation, costs which will rise even higher under AB 32 according to the new
Energy Cost Index of 2010.

California’s gasoline and electricity costs are the 7th highest among all U.S. states and Washington D.C. according to the Energy Cost Index 2010 just released by the Small Business & Entrepreneurship Council, an advocacy group.

In 2009, California tied for 11th highest. (The council does its ranking for lowest costs to highest, so in 2010, California ranks 45th, and in 2009, it tied for 41st.)

The report states:

Energy costs are impacted by a variety of factors, including economic growth, investment in exploration and development of resources, the particular energy resources being utilized (such as coal, natural gas or renewables), political risks (for example, in terms of risks to oil production at home and around the globe), monetary policy and inflation, and government mandates, regulations, subsidies and taxes.

In fact, governmental factors explain part of the difference in energy prices from state to state. For
example, what taxes are in effect in each state? What mandates are imposed by either the federal government or by the states that either directly or indirectly affect energy prices? Those mandates and regulations can include renewable portfolio mandates on electricity producers, for example, as well as state-based or regional efforts to reduce carbon-dioxide emissions.

California’s gasoline tax is 18 cents a gallon, third highest behind New York and Washington State.

California’s energy costs are likely to rise substantially in the future because of AB32, the global warming law. The state government estimates AB32 will increase electricity prices alone by 14%.

The SBE Council’s report concludes, “Elected officials need to be aware of how policy impacts the costs of electricity and the cost of fuel. It matters to consumers and businesses of all types and sizes; to the competitiveness of each state and to the overall economy.”

3.04.2010

Stop the Spending Madness!

Simply put, Federal spending is out of control. Even President Obama knows it.

As we noted
here, all the spending that previously so distressed Pelosi and Reid seems downright modest today.



As The Foundry reports, to really stop the madness, Reps. Jeb Hensarling (R-TX), Mike Pence (R-IN), and John Campbell (R-CA) have proposed a simple solution – a constitutional amendment capping federal spending at 20 percent of the economy.

Their proposal puts the debate squarely where it should be: exploding federal spending and the size of government. The authors of the amendment write that “Fiscal reform must begin and end with significant spending restraint. If not – if spending continues unchecked – this generation will prove to be the first to mortgage the future of its children and grandchildren instead of leaving a better and more prosperous future”. So true. Congress has proved itself incapable of fixing the massive fiscal mess they created. Now it must fix the legislative process and begin to propose real spending reforms.

Remember, it's not simply about the level of spending,
but all of the spending that will eventually require crushing taxes to resolve. As federal spending rises, it creates ever increasing pressure to raise taxes now and in the future. Higher taxes reduce incentives for productive activities such as working, saving, investing, and starting businesses.

Progressive Hypocrisy Regarding Reconciliation and the Nuclear Option



The Health Care Nuclear Option, also known as reconciliation, is being considered by liberal politicians to insure that Obamacare makes it to the President’s desk by Easter.

Isn’t it interesting how the progressives have changed their tune, now that they are in the majority?

3.03.2010

Enter Mitt Romney - Stage Right

Mitt Romney's new book "No Apology: The Case for American Greatness" was released yesterday and you might as well get used to seeing him in the headlines again. His 19-state book tour guarantees a certain amount of media coverage.

In the wide-ranging policy book Romney says the Democrat's efforts to reconcile with foreign powers, Muslims and others angered by President George W. Bush's administration have weakened the country's stature instead of enhancing it.

Romney kicked off his book's marketing campaign Tuesday with a blitz across the TV dial, starting with NBC's "Today" show, where he gave Obama an "F" for his first year rather than the B-plus the president recently gave himself.


As HotAir notes, during his appearance this morning on “Today” he does the smart thing and standing by RomneyCare while hammering The One for trying to nationalize the problem. Flip-flopping on this issue will do him more harm than good given perceptions about his opportunism

Visit msnbc.com for breaking news, world news, and news about the economy



The book echoes some of the themes that propelled Scott Brown’s upstart U.S. Senate campaign. In the wonkish new government fix-it book Romney argues that American power—defined as a strong economy, strong defense, and a strong sense of shared values—is being whittled away by the American left, in particular by President Barack Obama. This book is his recipe for preserving American strength through freer markets, increased defense spending, and education reform.

Obama & Democrats to Use Nuclear Option on Health Care

With the dust settled on the health summit, it is clear that the president and his allies on Capitol Hill intend to plow forward with their sweeping proposal to overhaul the nation’s health sector. Today, President Obama will announce that democrats will use the nuclear option to takeover the health care industry.

The Wall Street Journal reported on this historic abuse of power, via Drudge:


A string of electoral defeats and the great unpopularity of ObamaCare can’t stop Democrats from their self-appointed rendezvous with liberal destiny—ramming a bill through Congress on a narrow partisan vote. What we are about to witness is an extraordinary abuse of traditional Senate rules to pass a bill merely because they think it’s good for the rest of us, and because they fear their chance to build a European welfare state may never come again.

***The vehicle is “reconciliation,” a parliamentary process that fast-tracks budget measures and was created in 1974 as a deficit-reduction tool. Limited to 20 hours of debate, reconciliation bills need a mere 50 votes in the Senate, with the Vice President as tie-breaker, thus circumventing the filibuster. Both Democrats and Republicans have frequently used reconciliation on budget bills, so Democrats are now claiming that using it to pass ObamaCare is no big deal.

Yet this shortcut has never been used for anything approaching the enormity of a national health-care entitlement. Democrats are only resorting to it now because their plan is in so much political trouble—within their own party, and even more among the general public—and because they’ve failed to make their case through persuasion.

“They know that this will take courage,” Nancy Pelosi said in an interview over the weekend, speaking of the Members she’ll try to strong-arm.

“It took courage to pass Social Security. It took courage to pass Medicare,” the
Speaker continued. “But the American people need it, why are we here? We’re not here just to self-perpetuate our service in Congress.”

Leave aside the irony of invoking “the American people” on behalf of a bill that consistently has been 10 to 15 points underwater in every poll since the fall, and is getting more unpopular by the day, particularly among independents. As Maine Republican Olympia Snowe pointed out in a speech last December, Social Security passed when Democrats controlled both Congress and the White House, yet 64% of Senate Republicans and 79% of the House GOP voted for it. More than half of the Senate Republican caucus voted for Medicare in 1965. Historically, major social
legislation has always been bipartisan, because it reflects a durable political
consensus.

Reconciliation is the last mathematical gasp for ObamaCare because Democrats can’t sell their policy to Senator Snowe, any other Republican, or even dozens of Democrats. This raw exercise of political power is of a piece with the copious corruption and bribery—such as the Cornhusker kickbacks and special tax benefits for union members—that liberals had to use to get even this far.


FLASHBACK: Barack Obama told reporters that democrats should not pass health care with a 50-plus-1 majority. BreitbartTV has the video.

UPDATE: FoxNews reports on whether or not Obama will utter the word "reconciliation" -
Obama and the "R" Word, Will He or Won't He?

3.02.2010

GM Issues Recall for 1.3 Million Cars: No Congressional Hearings Planned

It's not just Toyota. GM has announced a recall of 1.3 million Chevrolet and Pontiac cars in North America.

On Tuesday Automotive News reported that General Motors is recalling an estimated 1.3 million vehicles for a problem in their steering units that has been linked to 14 incidents and one injury.

This latest GM recall comes the same day, according to Automotive News, that "Toyota global quality control chief Shinichi Sasaki and North American President Yoshimi Inaba are scheduled to appear before a Senate committee on Tuesday for a third hearing on its handling of consumer complaints about sudden acceleration.

So perhaps the big question now is: Will democrats on the Hill parade these executives before the cameras, too?

The
Washington Post reported :

General Motors said Monday night that it will recall 1.3 million of its compact cars to replace a motor in the power steering system. When the motor fails, the car is still safely steerable, the company said, but is harder to steer at lower speeds.

The vehicles subject to recall are:

The 2005-10
Chevrolet Cobalt.
The 2007-10
Pontiac G5, which has been discontinued.
The 2005-06 Pontiac Pursuit, which is the Canadian version of the G5.
The 2004-05 Pontiac G4, which is the Mexican version of the G5.

GM began its investigation of steering problems in the vehicles last year and informed the National Highway Traffic Safety Administration of the recall on Monday. NHTSA began its own probe of some 905,000 Cobalts after getting more than 1,100 complaints about a loss of power steering. The complaints included 14 crashes and one injury, GM said.


GM's top rival, Toyota, has been beset by recall problems, bringing back 8 million vehicles since fall 2009 for acceleration and braking issues.

Exit Note: So far this year, Ford’s sales
are up 34 percent, compared to 13 percent for G.M. Toyota’s sales are down 9 percent in 2010.

Gun rights, Free Expression, and the Nanny State (Video)

Reason.tv's Ted Balaker sat down with Eugene Volokh, professor of law at the UCLA School of Law and founder of The Volokh Conspiracy, to discuss gun rights, free expression, and the Nanny State. Informative, enlightening and a must watch...



Find out what Volokh thinks the biggest threats to free expression are, and whether today's muzzlers come mostly from the left or right. Volokh also explains what the landmark Supreme Court case, DC vs. Heller, has done to gun control and whether he agrees with the "more guns, less crime" thesis.

Other topics include: media bias and gun rights, Alabama's prohibition on selling sex toys, and whether judges can be nannies.

Interview by Ted Balaker. Shot by Alex Manning and Hawk Jensen. Edited by Paul Detrick.

Approximately nine-and-a-half minutes.

3.01.2010

Warren Buffet: Scrap Health Care Bill & Focus On Costs (video)

President Obama has always been fond of dropping mega-billionaire Warren Buffet's name as one of his informal advisers. But on Monday, the oracle of Omaha, echoed Republicans when he said he would favor of scrapping the Democrats bill and starting over -- saying Congress should first and foremost focus on reducing health care costs.

In comments made during a lengthy CNBC appearance where he talked about the economy and financial markets, he criticized the Democratic legislation as not doing enough to slow the cost increases that are making health care an ever larger share of the U.S. economy and making American companies less competitive globally.


Buffet suggested Obama and his fellow Democrats go back to the drawing board and come up with new legislation that deals with the "cost, cost, cost," that he calls a "tapeworm eating at American competitiveness."

The Oracle's position certainly doesn't help the president as he tries to ram his plan through Congress in coming weeks.







While Buffett, the chairman and CEO of Berkshire Hathaway, applauded Obama for taking up the reform effort, he said that “unfortunately, we came up with a bill that really doesn’t attack the cost situation that much.”

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