The American Spectator
Calculated Deception. That is the central theme of the Obama campaign. Calculated Deception is the term I use for Obama’s rhetorical practice of trying to take advantage of what he calculates the average person does not know, and his party-controlled, so-called mainstream media won’t report. And that can be seen over and over in the Obama campaign.
President Obama is politically insane. This is the real meaning of his speech Thursday night in front of a joint session of Congress. Albert Einstein defined insanity as doing the same thing over and over, expecting a different result. By that definition, Mr. Obama is a lunatic leftist.
Much of his speech called for more of the same – government activism; massive spending on infrastructure, bridges and roads; extending the payroll tax cut; and more public aid to states and municipalities. In short, he seeks to perpetuate the dismal policies of Obamanomics. He is a reckless ideologue masquerading as a pragmatist.
Read more: http://www.washingtontimes.com/news/2011/sep/8/obama-and-the-lunatic-left/#ixzz1XWf6sELF
The 2012 Obama Presidential re-election campaign is now officially in full swing. It is a shovel ready project.
Obama knows how stupid Democrats are and it is on their stupidity he is depending, for had they any brains or long term memory he would lose in a landslide.
In the WSJ former AIG CEO Hank Greenberg recently posed a question:
The recently released list of businesses bailed out by the Federal Reserve was not as surprising to me as it was to many members of the general public.
What is clear from the list is that the notion of equal protection ensconced in the Constitution was missing in September 2008. Rather than trying to spread both the burden and benefit of the bailout evenly among members of the U.S. financial services industry, key decision makers at the Fed and Treasury arbitrarily determined which companies should become wards of the federal government (AIG) and which should be permitted to live on (Goldman Sachs and Morgan Stanley). Goldman Sachs was permitted to live by enjoying markedly lower interest rates and access to credit facilities amounting over time to approximately $600 billion.
Federal decision makers had six months following the Bear Stearns collapse in early 2008 to formulate an effective response to foreseeable liquidity difficulties in the U.S. financial-services industry. Instead, the bailout turned out to be a rush for funds that benefited some and punished others. Goldman Sachs, Morgan Stanley and others were permitted to become bank holding companies and have access to cheap federal funds, while AIG was denied this opportunity for reasons never fully explained. It is important that an independent body is convened to seek reasons for these actions.
How many more months must Americans endure near-double-digit unemployment, little or no new-job creation, economic stagnation, a topsy-turvy stock market, and sagging consumer confidence before Washington politicians concede the “summer of recovery” is mostly a mirage?
They’ve spent nearly $8 trillion since 2007, including nearly $2 trillion on economic stimulus programs and an equal amount for the Troubled Asset Relief Program and similar bailouts. They’ve effectively nationalized Fortune 500 corporations, taken over the health care sector, and set the regulatory stage for more bailouts and takeovers, but the needle is still stuck. Worse, recovery isn’t likely for many months ahead because those same politicians are planning more of the same failing policies.