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Posts Tagged ‘Obama’

The Obama administration is going out of their way to tell us that we’ve turned the corner on the recession. That by all indicators it’s over and the economy is on the rebound. And there are signs of that, the Stock Market has been steadily climbing for several months. Last week a housing report came out showing the home sales were up 9% from last year. Well 9% from an abysmal low is nothing to rave about, but they are up. So if all of this is true and we have only spent about 10-12% of the $780 billion dollar stimulus fund, then why not do the fiscally responsible thing and not spend the other 88%.

Just last week the administration said they agreed with the CBO or Congressional Budget Office that our national debt was heading towards a record $9 Trillion instead of the $7 Trillion the administration had held to. And while announcing one spending plan after another, the latest being “Cash for Refrigerators”, President Obama says he Will reduce the deficit. So why not show us he is serious about that and put the brakes on the Stimulus spending. The majority of the spending in there was pork to win over new voters or thank those who put him and the congress in power. But the President has said time after time he wants to work with both sides of the aisle, Democrats and Republicans. so here is a chance to win over the 50% who no longer support him. He could really make some points with those of us who are fiscally responsible and not spend money he / we don’t have for projects not really needed. After all isn’t that what all rational people do in tough times, tighten their financial belts, not open their wallets and break out those credit cards? In the Spiney household we have a budget and we stick to it, no matter how much we are tempted by Cash for my Clunker, a 91 Ford Ranger Pick-up, or Cash for my 25 year old refrigerator. In tough times I’d much rather have Cash in my Savings Account.  That’s Spiney’s view, what’s yours?

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In an interview with C-span over the Memorial Day weekend President Obama stated the obvious America is Broke.

Steve Scully of C-Span asked the President the following:    “SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money?”  President Obama answered “Well we are there right now.” If this is the case and it is why do we wake up everyday to new proposals for another $30 billion for a bankrupt GM, $10-11 Trillion for National Healthcare. When your broke should you not cut back on spending instead of digging yourself in deeper?  Makes sense to me.  And how will we pay for all this new spending? More taxes for everyone.  Yes even though the President campaigned with a promise that only persons making over $250K a year would see tax increases, and the masses would see tax reductions, we are all in for huge increases in taxes. They have proposed a whole bunch of new taxes to pay for health care.  1st they want to tax food that’s bad for us starting with soda. Most all of us drink soda. I certainly do everyday though for me its been all diet for about 10 years and caffeine free for about 2.  There will be a new tax on every can & bottle of soda.  Then the whopper a VAT or Value Added Tax on everything that is sold.  this is basically a national sales tax on top of the sales tax your state or city already imposes. they are talking around 20-25%.  So if an when this passes in PA which already has a 6% sales tax a $150 I-pod will set you back $189 based on a 20% VAT. There’s change you can believe in.  They also want to tax health care benefits provided by your employer for the first time ever. So there will be less in your paycheck to buy the more expensive things you still need and want. Now this will really help an ailing economy. Let’s see you’ll have less take home pay to buy things with. So you’ll be less inclined to buy things, especially since they now cost at least 20% more. So we buy less, this slows down the economy, the Government gets less tax income, more people lose their jobs because we can’t afford to buy things. Yeah that will work.  But at least your get FREE health care! Wake up people nothing is free.  This Free health care may be the most expensive Free thing you ever got to the point where it bankrupts our country. Think about it, and please respond and tell me what You Think.  Thanks, Spiney

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Excuse the language but if I’m going to blog, I may as well speak what I feel.  I watched the news today and saw Speaker Pelosi as she spoke to a group of mostly illegal immigrants in San Francisco .  She told them that it is un-American for us to enforce the immigration laws. That she was working to get these laws which try to deport illegal immigrants overturned.  We have immigration officers who do a thankless job upholding the laws. They are in danger patrolling the border, often get shot at by drug runners trying to cross the border. And here the Speaker of the House, Nancy Pelosi is out undermining the work they do. She told the gathering of immigrants that they are patriotic by taking the time to gather and hear her. They are the Patriots, not the officers who risk their lives to serve and protect us. Ever since 9/11/2001 protecting our borders has become some much more important. Now either we have laws and we are going to enforce them, or not. We give lip service to enforcing our border policies, but that’s it.  I’m sorry but who voted Nancy Pelosi President? It seems as Speaker of the House of the now dominant Democratic party she has more power than the person we did vote in as President, Barack Obama.  What do you think? Spiney

Foxnews story: Pelosi talks to Illegal Immigrants

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I listened today to CNN’s State of the Union with John King. He was interviewing Budget Director Peter Orszag. He asked him repeatedly why a president who campaigned on promises of not doing things the way they’ve always been done in Washington and promised to eliminate earmark spending projects would sign a budget bill with over 8000 earmarks in it. Director Orszag said that there will be no earmarks in the 2010 budget but it was too late to cut out the earmarks in the 2009 budget. This budget to be fair has earmarks from both parties, but the budget was approved by a majority Democratic congress. When you have a Democratic President who was elected in pretty much a landslide on promises of Change and a Democratically controlled congress, why can’t he have what he wants. He would win over his detractors and show the average taxpayer that while they have to cut back in the tough economic times, so does the government. He should say I will not sign this bill until the most ridiculous earmarks are removed. That would show real change and real leadership. I urge you to go over to the CNN site and watch the video from this interview. It was revealing. I applaud CNN’s John King for continually asking the question, trying to get a straight answer from director Orszag.

Personally what I think is that while most people voted for Barack Obama for President what we really got was President Pelosi. What do you think? Spiney

Please view the CNN story here:  http://preview.tinyurl.com/dx4vnb

I apologize, I tried everything I could but I could not get the above referenced link to come up as a blue line link. The path is correct you will need to cut and paste it into your browser. Sorry, Spiney

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Today the Dow drop to it’s lowest point since 1997 at 6763 down 299 points in one day.  The Dow Jones Industrial has gone down almost 24% since President Obama was inaugurated. Now I’m not saying it went down because he was inaugurated. It has gone down because of the spending policies of Congress and the Obama administration. And let’s give him the benefit of the doubt and say it’s not because of the wild spending and bailouts. Now is not the time to initiate the largest spending bills, new programs,raise taxes, and totally overhaul the health care system while every single day the economy gets worse. Where will the money come from to implement these programs when we will soon have double digit unemployment? The Obama administration wants to punish Wall Street for it’s greed and misdeeds.  But in doing this they also hurt the average American myself included who either have investments or 401k’s that are tied to the success or failure of Wall Street. This especially hurts those who are retired and had their life savings invested for their future. Many have seen their savings cut in 1/2.  And many who worked very hard and thought they could enjoy their golden years are now forced to go back to work. Notice when you go to the grocery store how many senior citizens are now working as baggers and check out persons.  President Obama was elected to give us change. If he gets his way with all of the new programs and expenditures he wants, the change in the basket on your dresser may be all the change you get.  Tell me what you think.  Thanks for stopping by.  Spiney

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As I watched the Presidents speech to congress tonight there is one thing he said that I have to give a big Amen to. We need to become a great innovator and producer of those innovation.  I don’t remember the exact context but basically he said we invented the Solar Cell, but now the leaders of this technology are all overseas. Our Hybrid and Electric Cars will be using technology that we buy or license from Toyota with batteries from South Korea.  We invent so many of the hi tech inovations here in the United States, and then we let other countries, mostly in Asia lay claim to them and make all of the money of them.  The VCR and the Laser Disk, predecessor to the CD and DVD were invented at the RCA corporation in Lancaster, PA.  Both technologies were then improved upon and perfected by Toshiba, Sony, Phillips, etc and then imported by the millions back into the United States.  While they made billions on these, the RCA company shut down the huge plant in Lancaster. A  facility that was once a large employer with good paying jobs. They employed many engineers, technicians, and skilled workers who made TV’s, closed circuit television camera, and the Laserdisk players.  Locally now close to where Spiney lives is one of the largest producers of lead acid batteries, the Exide corporation. They should be making the batteries for the Hybrids, and all electric vehicles. They have the technology and many hard working employees who are willing and ready to get the job done.  We need to become a country that produces hard goods again. We can’t all be paper pushers, or work in retail. 20 years ago our future was to be a service economy and an information economy. Now most of that is outsourced to places who will work for 1/3 or less than the wages of a US employee. Most have gone to India. All you need to do is call customer service to find that out.  I hope that the presidents vision of a new Green Technology industry comes to be. It could be our 2nd chance at an industrial revolution.  Hopefully if we get this chance, we will keep the jobs here.  Spiney

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In one stroke of a pen President Obama double the deficit of the United States. Then about 1 week later he promises to cut the deficit in 1/2 by the end of his first term through cuts in spending and raising some taxes.  Does anyone else see the bipolarness of this?  It’s like going out on a bender and then calling a family meeting to announce your quiting drinking. Both the President and Congress should have looked closer at their big spending bill the previous week if they wanted a good head start at cutting spending . Do we really need an 8 billion dollar hi-speed rail system between Disneyland and Las Vegas.  I’m all for Hi-speed rail.  We lag behind the world in Hi-speed rail but put it somewhere it can really help like between two major business centers like Washington DC and NYC.  Either way I digress away from my initial statement.  When announcing  that we need to cut the deficit did he really think we forgot that just 7-9 days earlier he doubled our deficit with the stimulus program and was proud of doing it. You can’t make this stuff up. One last thing. I’m tired of President Obama saying he inherited this horrible economy. President Bush is not solely responsible for the economic mess we are in. Congress had a large hand in it also. It takes congress and a president to create and sign off on a budget. Also while he may now have this economy on his plate he campaigned very hard to get this job. He knew what he was getting into. Quit acting like you found some big surprise behind door # 2. Hopefully someday we will all look back at these times and laugh about it, but I doubt it.  Thanks for listening… Spiney

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