Yeah! What he said! Only directed at President Obama and Congress. “You can not spend your way out of recession or borrow your way out of debt.” This is a must see video. This Dan Hannan guy excellently expressed what most people in America are thinking about their own government.
H/T to Richard Willis’s Blog
Watch Dan Hannan, European Parliament South East Region Conservative MEP publicly ripped Gordon Brown’s economic arguments to shreds in a far more eloquent way than I could ever manage.
‘The President Of The World’ is beginning to lose favor with the European Union over the Porkulus Bill, also called the $787 B Stimulus Bill.
The president of the European Union Wednesday lambasted President Obama’s costly economic recovery program as “the way to hell.”
Czech Prime Minister Mirek Topolánek, whose country holds the rotating EU presidency, criticized the $787 billion U.S. stimulus program in unusually sharp comments that highlighted a continuing divide between Europe and the U.S. on crisis-fighting steps. Topolánek said the U.S. was repeating mistakes it made during the Great Depression when it ramped up government spending, and said Washington’s errors would boomerang on Europe.
Who knows socialism better than the EU?
European leaders have resisted U.S. calls for more government pump-priming, fearing the effects of swollen budget deficits. The IMF says the collective stimulus measures being enacted by G20 nations “fall well short of the 2% of GDP recommended by the Fund, especially in 2010.”
Here’s a real confidence booster of the type the Obama administration doesn’t need. It also serves as a perfect example of how well a government run health care system will be. Or a government-run anything for that matter.
President Obama had an online Q&A today, taking questions from the Internet. They received 104,074 questions before the 8:30 a.m. deadline. Since I got there 15 minutes late, they were deprived the benefit of deleting my question for the President. So I’ll just post it here. It will get back to him.
Having known before the last election that the economy was going to be the #1 problem, with the war dropping to a distant second (and why is that again?), how is it that the Treasury department is still understaffed? Why is there no Asst. Secretary and why do 17 of 18 positions remain unfilled 65 days since inauguration day?
Forming his administration was not delayed by a court fight like his predecessor. During his campaign, do you recall how his lack of executive experience was portrayed as bogus right-wing rhetoric? Now, his inexperience is showing and we’re paying the price.
Many have heard people on the right, not the media, but people on the right, accuse Barney Frank as having a role in the Freddie Mac and Fanny May mortgage meltdown. This C-SPAN video shows his role.
In this video, the word OFHEO is used a lot. OFHEO (Office of Federal Housing Enterprise Oversight) is the regulatory agency setup to monitor them as relates to the Community Reinvestment Act and the subprime mortgage debacle. Nearly two years after the audits began, OFHEO’s one and only report to Congress is what we are seeing in this video. That, and how all the Democrats on the Banking Committee attacked the messenger and ignored the message. And the rest is history. Thank you Barney Frank and Maxine Waters.
What follows is an excerpt of an October 27, 2008 post The Real Barack Obama. That post explains perfectly all that we are seeing from President Obama today.
The roots of it go back to a law called the Community Reinvestment Act, passed by President Jimmy Carter in 1977, under pressure from a community activist movement that started in Chicago.
ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. Economist Stan Leibowitz wrote in the New York Post
In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.
And ACORN’s involvement in the mortgage crises is compounded, thanks to help from, guess who, Chicago lawyer Barack Obama.
ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary, ACORN Housing, to promote subprime loans more aggressively.
I don’t know how Barack Obama can say with a straight face how he has no ties to ACORN, how he so easily dismisses them as a community group that merely helps low-income people. He is clearly and deliberately deceiving you, and the media lets him get away with it. When he says that, he is telling just as big a lie as ‘I did not have sex with that woman, Miss Lewinsky.’ Barack Obama is not being honest with the American people about who he is and where he wants to take this country. Examining his character and his past is not a distraction from the ‘real issues’ as his campaign will have you believe. First, we need to know who he is.
link: The Real Barack Obama
Congress just passed a law doing President Obama’s bidding, that of ‘getting those bonuses back.’ These are the same bonuses that the President approved when he signed that stimulus bill on Friday the 13th. That was also the day that the media watchdog died.
If the day comes that this bill passes the Senate and Obama signs it, that will be the day that our Constitution died.
related link: UPDATE:Sen Reid: Senate Should Take Up AIG Bill Before Apr 6
On the economy, President Obama told a few million people in America that we will recover from this if we can get back to the values that built America. So why is he doing all that he can to re-write those values?
“We need to get back to a place where people know enough is enough,” he said. “If we can get back to those values that built America, then we’ll be OK.”
That was right after he promised to do everything he could to “get these bonuses back.” He is referring to using the power of the federal government to take the incomes of private citizens. 70 in particular of our 300 million citizens.
The seismic readings from across the Potomac are coming from our founding fathers turning over in their graves.
MSNBC: President promises on ‘Tonight Show’ to get payments back
For weeks now, every media outlet has been railing against AIG for paying out bonuses to some of their employees. An easier issue to demagogue does not exist and everyone is on board with it.
The new CEO of AIG says the bonuses are part of their employment contracts. Now, because the government has given AIG billions of dollars to ‘bail them out,’ the administration feels that they have a right to intervene in the employee/employer relationship and pick the pocket of the employees, or ‘workers’ as Obama likes to refer to wage earners.
It was reported early on, but not since about a week or two ago, that the employment contracts like those being harangued by the media are normal for Wall Street traders. That they operate on a ‘low’ weekly salary, and the nut of their income comes in the form of a bonus arrangement based on whatever is well known in the industry and that these contracts were part of the terms of their employment.
If all the above is true, then it is easy to see how dangerous it is that the government is talking about interfering with that employee/employer relationship by voiding the contracts and not paying the ‘workers.’
It feeds the populist feeding frenzy of eating the rich. Only in a socialist state my fiends.
The Pensacola Fair Tax Advocates will be bringing the facts on the Fair Tax to Pensacola. The Fair Tax is an alternative method to the current tax system for financing the federal government, and is an economic engine all on its own when compared to the current taxing system. The Fair Tax would do more to revitalize our economy and at no cost to future generations than the proposals currently coming out of Washington. If you would like to know more, like why and how the Fair Tax is a better way to finance the government, please join us on Tuesday evening 6PM to eat, 7PM for the presentation, March 31, 2009 at Jerry’s Cajun Cafe.
The FFTEA (Florida Fair Tax Education Association) is recruiting Fair Tax advocates. Now seeking Community Coordinators in the Panhandle in Congressional District 1. Please come and enjoy the food, fellowship, and fun in getting the word out about the Fair Tax.
Ross Calloway, Co District Director (FFTEA) Call 850-512-9860 for more info or visit our website at http://www.meetup.com/Pensacola-Fair-Tax-Meetup-Group/ or my blog at https://rosscalloway.com/fair-tax-economic-recovery/
My how things change when you leave politics out of it.
During the fall campaign, Obama relentlessly criticized his Republican opponent, Sen. John McCain, for declaring, “The fundamentals of our economy are strong.” Obama’s team painted the veteran senator as out of touch and failing to grasp the challenges facing the country.
But on Sunday, that optimistic message came from economic adviser Christina Romer. When asked during an appearance on NBC’s “Meet the Press” if the fundamentals of the economy were sound, she replied: “Of course they are sound.”
Never mind Obama. How’s the media going to take this 180?