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Posts For: February 24, 2009

Cut the deficit in half

Well he could have begun by insisting his fellow Dems cut the pork from the so-called stimulus bill. And he’s going to cut subsidies to agribusiness–that is unless its for renewable bio fuels.  Oh and let’s beat up on outsourcing, that’ll sure cut the deficit. But here’s the kicker: we’re going to increase taxes on the rich. Yeah, that’s the ticket. We can tax the rich right out of this deficit.  Oh, and create 4 million new jobs while we’re at it.

Well he could have begun by insisting his fellow Dems cut the pork from the so-called stimulus bill. And he’s going to cut subsidies to agribusiness–that is unless its for renewable bio fuels.  Oh and let’s beat up on outsourcing, that’ll sure cut the deficit. But here’s the kicker: we’re going to increase taxes on the rich. Yeah, that’s the ticket. We can tax the rich right out of this deficit.  Oh, and create 4 million new jobs while we’re at it.

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Takes Some Nerve

To spend 50 minutes running up the bill and then say we can’t possibly pass this on to our children. You bring the deficit down by not spending money we don’t have. The entire speech is fundamentally dishonest, premised on the notion that we can spend beyond anyone’s wildest dreams and not leave a mountain of debt.

To spend 50 minutes running up the bill and then say we can’t possibly pass this on to our children. You bring the deficit down by not spending money we don’t have. The entire speech is fundamentally dishonest, premised on the notion that we can spend beyond anyone’s wildest dreams and not leave a mountain of debt.

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Education as Patriotism

“Dropping out of high school is not just quitting on yourself, but quitting on your country.” A powerful message.

“Dropping out of high school is not just quitting on yourself, but quitting on your country.” A powerful message.

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Cheering . . .

for “the deficit we inherited.” That’s, frankly, disgusting.

for “the deficit we inherited.” That’s, frankly, disgusting.

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Schools need more reform

New incentives for teacher performance? Gee that didn’t get many applause from the left side of the aisle.  Nor did they much like the stuff about charter schools. As for improving teacher performance, it was called No Child Left Behind, you know, that Bush program the unions have tried repeatedly to kill.

New incentives for teacher performance? Gee that didn’t get many applause from the left side of the aisle.  Nor did they much like the stuff about charter schools. As for improving teacher performance, it was called No Child Left Behind, you know, that Bush program the unions have tried repeatedly to kill.

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Axelrod Says This Was Going To Be Reaganesque

I suppose if Reagan believed in government taking over every facet of America life and spending ourselves into oblivion that would be right.

I suppose if Reagan believed in government taking over every facet of America life and spending ourselves into oblivion that would be right.

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We Can’t Afford. . .

oh. . .  to put healthcare reform on hold. So we have to spend more money. Because we can’t afford not to spend hundreds of billions more.

oh. . .  to put healthcare reform on hold. So we have to spend more money. Because we can’t afford not to spend hundreds of billions more.

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Do the math

Hmmm. A health care related bankruptcy every 30 seconds.  I find that hard to believe.

Hmmm. A health care related bankruptcy every 30 seconds.  I find that hard to believe.

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All of This

Sounds so great — wind and solar energy, cable, education, healthcare. We don’t have to pay for any of it, right? We just get the Chinese to keep lending us money — forever. And a big smooch for the auto industry. So the UAW can rest easy.

Sounds so great — wind and solar energy, cable, education, healthcare. We don’t have to pay for any of it, right? We just get the Chinese to keep lending us money — forever. And a big smooch for the auto industry. So the UAW can rest easy.

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Obama’s Vision of American Leadership . . .

. . . involves us using American-made batteries.  This isn’t serious.

. . . involves us using American-made batteries.  This isn’t serious.

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Long term investments

Invest in government, that’s always Obama’s answer.  A vision for America, a blueprint–that’s what he calls his forthcoming budget.  He claims there will be sacrifices to be made by everyone–but I’ll bet the cuts come almost exclusively from Defense and national security.  He won’t touch entitlements. And he’ll up the money for energy, health care and education.  Read that as government giveaways to “alternative fuels”–but not nuclear or coal; a government mandate for struggling employers for health programs they can’t afford; and education pork to feed teacher unions, not educate kids.

Invest in government, that’s always Obama’s answer.  A vision for America, a blueprint–that’s what he calls his forthcoming budget.  He claims there will be sacrifices to be made by everyone–but I’ll bet the cuts come almost exclusively from Defense and national security.  He won’t touch entitlements. And he’ll up the money for energy, health care and education.  Read that as government giveaways to “alternative fuels”–but not nuclear or coal; a government mandate for struggling employers for health programs they can’t afford; and education pork to feed teacher unions, not educate kids.

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Immediate Steps

That’s chump change. Now we really have to spend more and more and more. So the entire agenda is nothing more than “recession” busting. Remember that fiscal responsibility summit yesterday? Neither does anyone in that room tonight. Big and bold. This is going to be really expensive.

That’s chump change. Now we really have to spend more and more and more. So the entire agenda is nothing more than “recession” busting. Remember that fiscal responsibility summit yesterday? Neither does anyone in that room tonight. Big and bold. This is going to be really expensive.

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Roland Burris Likes What He Hears!

A big smile on his face. What’s not to like? He’s not going anywhere.

A big smile on his face. What’s not to like? He’s not going anywhere.

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Obama Can’t Resist

He’s back to playing the populist card and ridiculing Wall Street. That gets a big smile on Nancy Pelosi’s face. Nothing like socking it to executives to get her juices flowing.

He’s back to playing the populist card and ridiculing Wall Street. That gets a big smile on Nancy Pelosi’s face. Nothing like socking it to executives to get her juices flowing.

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More money

So exactly how many trillions more is it going to take, Mr. President?  Boy, this is scary stuff. Any bets on how far the Dow is going to dive tomorrow . . .

So exactly how many trillions more is it going to take, Mr. President?  Boy, this is scary stuff. Any bets on how far the Dow is going to dive tomorrow . . .

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Fancy Jets, etc.

Class warfare is never far away in an Obama address.

Class warfare is never far away in an Obama address.

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Mortgage Bailout

Won’t help the neighbor down the street who bought a house he couldn’t afford? Of course it will. That’s the point.

Won’t help the neighbor down the street who bought a house he couldn’t afford? Of course it will. That’s the point.

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Just the First Step

If we don’t get credit flowing the recovery will be choked off. Agreed, which makes me wonder why the Treasury Secretary looks like a high school student — and why we haven’t done anything about this for five weeks of the new administration.

If we don’t get credit flowing the recovery will be choked off. Agreed, which makes me wonder why the Treasury Secretary looks like a high school student — and why we haven’t done anything about this for five weeks of the new administration.

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Flow of credit

He’s right it is the lifeblood of our economy, but he has yet to show that he has a clue about how to restart it. The only new idea has been to nationalize the banks, even if they won’t call it by its real name.  A simple change in mark-to-market accounting rules would do more than anything the Obama administration has so far announced to restore the balance sheets of banks burdened with mortgage debt.

He’s right it is the lifeblood of our economy, but he has yet to show that he has a clue about how to restart it. The only new idea has been to nationalize the banks, even if they won’t call it by its real name.  A simple change in mark-to-market accounting rules would do more than anything the Obama administration has so far announced to restore the balance sheets of banks burdened with mortgage debt.

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Re: Nobody Messes With Joe

True — because nobody likes to talk to him.

True — because nobody likes to talk to him.

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