The Economy Still Sucks
“Seven quarters into the Obama recovery, GDP growth has averaged an annual rate of only 2.8 percent. In contrast, since 1970, the first seven quarters of previous recoveries averaged 4.6 percent. The poor growth rate is especially surprising since the preceding recession was so severe, there should have been ample room for high growth as the unemployed returned to work. For example, the Reagan recovery followed a similarly high unemployment rate and saw the economy grow at an average annual growth rate of 7 percent.”
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Read more: Obama Recovery Offers Excuses
SF Chronicle Reports Truth, Conservatives Threaten to Subscribe
In the current spat between the White House and left-coast left-wing San Francisco Chronicle newspaper, the paper has won – calling the WH out on a lie that it did, in fact, threaten to remove one of the newspaper’s pool reporters from a presidential press conference in SF. It was self-defense, but SF had to go all FoxNews and accurate on the WH by reporting The Truth. In response, conservatives in the bay area writing to the Chronicle saying that if the paper keeps this up, they may actually subscribe to read the paper again. Read the comments.
Harvard Wanted to Deport Obama Senior
In another odd twist of continuing odd twists in the mysterious life of Barack Obama, it turns out his father, Barack Obama Senior was asked to leave Harvard. In fact, Obama Senior was forced to leave the United States with the active collusion of Harvard University authorities – a highly unusual action.
The Arizona Independent filed a FOIA request regarding the activities of the Kenyan Obama and reports this is among the information they found in the immigration files:
1. “ The memo refers to Obama Sr.’s plans to attend the University of Hawaii for one more year to obtain his bachelor’s degree in economics, and that his spouse, a United States citizen, plans to work at the university.
“They have one child born Honolulu on 8/4/1961 – Barack Obama II, child living with mother (she lives with her parents & subject resides at 1482 Alisteastre St.),” the memo states.”
2.” [T]he agency “recommend(s) that Subject be closely questioned before another extension is granted – and denial be considered. If his USC (United States Citizen) wife tries to petition for him make sure an investigation is conducted as to the bona-fide of the marriage.”
3.”Documents show that Obama, Sr. was denied an extension on his student visa in July, 1964, in part because Harvard University, where Obama, Sr., was a Ph.D. candidate, sought his removal. Obama Sr. eventually left the United States willingly after becoming an illegal alien for remaining in the country past the expiration of his visa.
An INS investigator, M.F. McKeon, wrote “They (Harvard officials) weren’t very impressed with him and asked us to hold up action on his application until they decided what action they could take in order to get rid of him. They were apparently having difficulty with his financial arrangements and couldn’t seem to figure out how many wives he had.”
More on this from American Thinker: The documents released center in the expulsion of Obama Senior from the United States with the active collusion of immigration authorities and Harvard officials, who appear to have jointly concluded the Senior’s behavior was so unacceptable as to merit termination of his visa and his residence in Cambridge.
h/t: The Tattler
Two Million Dollars to Hide This?
Barack Hussein Obama II has finally, after 2 1/2 years and $2 million dollars in lawyers’ fees to keep it hidden, released his long form birth certificate from Hawaii.
We knew he had one, so what was the big deal with this thing, that he didn’t release it during the campaign, or when he could have saved the army career of Lt. Col. Terry Lakin?
As for Obama, he stated about the birth certificate: “We do not have time for this kind of silliness. I have more important things to do.” Then he fly to Chicago to appear on The Oprah Show.
Sarah Palin Predicted This
In November, Governor Sarah Palin predicted that QE2 would have inflationary repercussions, that is, the higher gas and food prices Americans are feeling more and more each week. To quote Palin then: “We don’t want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings.”
Sarah Palin said that last year. She was right and it is all coming true. Trying to artificially stimulate the economy did the opposite of what it intended, causing us to pay more out of our paychecks for fuel, energy, food, and more. We can’t continue to borrow and spend money we don’t have. And the left tries to paint Palin as stupid?
An editorial in the New York Sun discussed this today:
It happens that Mrs. Palin’s demarche coincided with a piece in the Financial Times by the president of the World Bank, Robert Zoellick, suggesting that a new international monetary system centered on the major currencies “should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values.” The FT is such a Keynesian bastion that the Journal likened Mr. Zoellick’s mentioning gold in its pages to mentioning Sarah Palin’s name at the Princeton Faculty Club. The FT issued an editorial attacking its own op-ed piece, while Mr. Zoellick’s scoop so startled the New York Times that it brought in no less a heavyweight than James Grant of the Interest Rate Observer to write a piece on the virtues of the gold standard.
And now the Times itself is out with its a story about how the Fed’s quantitative easing has been a disappointment. It may have, as the Times puts it, “pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates,” but “those benefits have been surprisingly small.” Will any of this bring some humility to the Fed and its chairman? It will be something to watch for in his first big press conference Wednesday. No doubt it will be one of the most crowded press conferences in recent memory, and there will be lots to ask about. But one of the questions will be how in tarnation Mrs. Palin figured it out so far ahead of everyone else.
Yesterday Don Surber did a brilliant piece discussing why Palin saw the folly of the QE2 and boldly said so, while leftist economist and New York Times columnist Paul Krugman continues to believe that only a spend, spend, spend government policy will float the economy in good times and bad times.
Breaking Up With Obama
The infatuation is over and young people realize they’ve be duped by The One. Hope and Change? Nope, he wasn’t the one.
Obama Re-Election Campaign to Cost … $12 Billion??
Barack Obama reportedly plans to spend perhaps $1 billion for his re-election campaign next year but the actual cost could be much much higher.
There is speculation that he needs to dump “our” shares of Government Motors now, this year in 2011 at a loss of some $11 billion to taxpayers, rather than wait until it becomes a political liability in 2012.
From The Wall Street Journal:
The U.S. government plans to sell a significant share of its remaining stake in General Motors Co. this summer despite the disappointing performance of the auto maker’s stock, people familiar with the matter said.
A sale within the next several months would almost certainly mean U.S. taxpayers will take a loss on their $50 billion rescue of the Detroit auto maker in 2009.
To break even, the U.S. Treasury would need to sell its remaining stake — about 500 million shares — at $53 apiece. GM closed off 27 cents a share at $29.97 in 4 p.m. trading Monday (April 18) on the New York Stock Exchange, hitting a new low since its $33-a-share November initial public offering.
Shares have been hurt by rising fuel prices, industry production disruptions and management turnover. At Monday’s price, and taking into account shares sold during the IPO, taxpayers would lose more than $11 billion on the rescue if the government dumped the rest of its stake now.
Fight Like a Girl!
Sarah Palin in Wisconsin: “… to the GOP establishment, if you stand on the platform, if you stand by your pledges, we will stand with you. We will fight with you GOP. We have your back. Together, we will win because America will win. We didn’t elect you just to rearrange the deck chairs on a sinking Titanic. We didn’t elect you just to stand back and watch Obama redistribute those deck chairs.
What we need is for you to stand up, GOP, and fight. Maybe I should ask some of the Badger women’s hockey team, those champions, maybe I should ask them if we should be suggesting to GOP leaders they need to learn how to fight like a girl.”
Read a full report at conservatives4palin.com
Time for Congress Term Limits
We need this. We really need to this to get rid of the elite slim in Congress:
South Carolina Republican Jim DeMint introduced an amendment to the Constitution that would apply term limits to members of Congress.
Ten Republican Senators joined DeMint in his call to limit U.S. Representatives to three terms and U.S. Senators to two terms in office.
Fun with Obama Family Photos
So was Obama photoshopped to be IN the picture with his grandparents, or was he removed to be out of the photograph?
The “original” photo released by his campaign in 2008:
A photo of Mr and Mrs Dunham recently found:
Very curious. Watch the video on the researcher explaining the photoshop errors.
Obama is a Success – Unfortunately
He’s gotten the first big step towards government health care implemented, and the Republicans are either unwilling or incapable of doing anything at all about it. He’s institutionalized previously unimaginable levels of federal spending, and has the Republicans dithering ineffectually over whether to cut a hundredth of one percent out of it or hold the line at a Draconian tenth of one percent, having conceded without argument that any truly meaningful reduction in the size of the federal government, even back to its Leviathan 2008 status, is just out of the question.
He’s effectively destroyed the domestic oil industry, resulting in gas prices that are around four dollars a gallon and will most likely be approaching five by the end of the summer, just as he said he wanted back during his campaign. He’s running a large chunk of the domestic auto industry and influencing the business decisions of the rest of it through Zombie GM. He’s rewarded his friends on Wall Street and at GE while wrapping their competitors in reams of new red tape, playing the corporate-fascism card to advance his own nefarious agenda.
…His poll numbers are “underwater.” He’s regarded by anyone with a lick of sense as a “miserable failure.” And yet Republicans are so terrified of the prospect of facing him in 2012 that they are actually contemplating nominating either one of their past also-rans or another butt-sucking Democrat-Lite RINO like McCain to run against him.
Obama is winning. He is probably the most successful president in American history. He is an unmitigated catastrophe for this country. Those are not contradictory statements — because his standard for success isn’t the same as ours. In fact, his NCAA brackets might be the only thing you could truthfully says he’s failed at.
And that is just the beginning. Read the rest of this excellent Cold Fury post. It is an eye-opener that will harsh your buzz today.
