The first lesson every President learns is that in trying to please all his constituents he pleases no one, including himself.
President Obama sold the $800 billion Stimulus Plan to the American people as a strategy to create untold
infrastructure jobs. If fact, President Obama said the stimulus plan would save or create 3.5 million jobs in the next two years and that he hoped to limit the unemployment rate to a peak of 8% this summer. In typical political bait and switch fashion his democratic Congress allocated 8% of the stimulus money to infrastructure projects. Instead of infrasturture jobs Congress gave us cornucopia of social programs that have been on their wish list for decades, leaving the President with egg on his face.
The
unemployment rate has already reached…
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Some thoughts for Obama Motors to consider!
Only 20% of the energy contained in gasoline is converted to mechanical energy by a traditional
internal combustion engine. Refinements in the internal combustion engine, improved aerodynamics, more efficient drivetrains and low resistance tires could make a greater contribution to increased milage and reduced carbon dioxide (CO2) production than advanced technology such as plug-in cars.
Among the
adjustments that could help improve fuel economy are turbocharging with smaller, more efficient engines that produce the same level of power; advanced heat management and cooling systems, which reuse the heat produced by the engine for energy; weight reduction, including extensive use of high-strength steel; better aerodynamics; more efficient air conditioners, transmissions and lighting devices and increased electrification leading to full hybridization with electric motor and…
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Christians must to find a way to justify war because their founder was a pacifist. Muslins have to defend peace because their founder was a warrior.
Although I am not a pessimist, who sees the conflict of cultures as inevitable, we ignore this distinction at our own peril. The Obama doctrine of political correctness would have us believe that all religions are inherently peaceful. By turning a blind eye to the fundamental philosophical differences between East and West we only delude ourselves into believing that humanity will not give into to its baser instincts. History has shown this point of view to be naive and dangerous. American foreign policy must never be built on the shifting sands of wishful thinking but rather on the solid bedrock of history and philosophy.
Since the…
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To hear Scheherazade tell the story, it sounds almost plausible.
"If we can end the Israeli-Palestinian conflict and create a two state solution we will unite the Arab world to confront our existential enemy nuclear Iran."
The biggest myth of all is that any of the Arab States or Iran gives a damn about the fate of the Palestinians or a Palestinian State. Not a single Arab State or Iran has ever seriously used its petrodollars to improve the lot of the long-suffering Palestinian people. They have however, spent billions to inflame the conflict for their own political purposes.
Hamas and Hezbollah do not receive money and military support because they are fighting a war of liberation, but rather as a diversion for the populace of Iran and the Arab States so that…
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The Obama 10 year budget includes trillions in new spending programs at a time when tax revenues are declining at a precipitous rate.
The projected deficit in the
Obama Budget is $7.0 trillion for the decade 2010 to 2019. That's the good news!
The Congressional Budget Office (CBO) has concluded that, if the Obama budget were approved, the federal government would actually run even larger
deficits averaging nearly $1 trillion a year over the next decade. The cumulative deficit from 2010-19 would be $9.3 trillion, according to the report - $2.3 trillion more than the Obama administration's forecast. The main reason for the difference in budget estimates is a difference in economic growth, with congressional views of long-term growth less optimistic than those of the White House. …
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Now that Standard and Poor's has cut its outlook on the U.K.'s AAA
credit rating, can the U.S. be far behind. We're headed down the same primrose path, according to Bill Gross co-chief investment officer of PIMCO, who predicts that the U.S. "will eventually loose its top rating". How did we get to this sorry state of affairs?
Unbridled spending and borrowing - The U.S. is boosting its debt sales to $3.25 trillion for the fiscal years ending Sept 30th pushing the nation's "marketable debt" to an unprecedented $6.36 trillion. The Federal Reserve's custodial holdings of Treasuries for foreign accounts have already risen to $1.9 trillion.
But the past is only prelude to the Obama fiscal future. Further deterioration of the dollar and our credit rating is a virtual certainty as…
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Barack Obama will travel to Egypt next month to deliver a long-anticipated speech about America's relations with the Muslim world.
"President Obama will deliver his long-promised speech to the Muslim world in Egypt next month", White House Press Secretary Robert Gibbs declared. It does make one wonder what Obama sees as the role of the United States in the 21st century. Will the secular U.S. government give de facto recognition to a global "Islamic State" that supersedes our relationship with the secular governments of these countries? Will he stop on the way back in Rome to discuss U.S. relations with Catholic countries and go on to London to discuss U.S. Anglican relations?
What could a U.S. President possibly say beyond the fact that we respect all religions and we believe that every…
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Start small: dispose of a pesky corporate CEO, who is not compliant and objects to your grand design for the U.S. automobile industry. Who could object to the summary dismissal of the unpopular Mr. Wagoner, after all he was just getting in the way of the grand plan. Never mind that President Obama had no such legal authority. By simple fiat, he fired a sitting corporate CEO, and overrode those with the legal authority to make such decisions, the GM board of directors.
Like so many politicians before him, he instinctively knows that in an opportune economic crisis, it is only a small step from being the duly elected "President" to being transformed into a charismatic leader with the power to bend the will of the people to his own. It…
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The Democrat Party is in the hands of the Pelosi-Obama extreme left, the Republican Party is in the hands of the Bush-Limbaugh fanatic religious right and the mindless party faithful gleefully sing along, ours is not to reason why, ours is but to do or die. The Congressional Budget Office (CBO) estimates that there will be trillion dollar annual deficits for the next decade if the Pelosi-Obama left prevails, and the response from the right, narrow-minded religious platitudes.
Maybe its time for a third party that represents the rational, pragmatic majority of the country. I believe the founders would approve if we called our new party, The Enlightenment Party.
First let's look at what we can expect from the left:
In 2010 federal outlays will be a breathtaking $3.6 trillion, or 24.1% of…
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Tax havens! Greedy Wall Street bankers! Hedge fund money lenders! Speculators! Shameful profiteers! President Obama's populist demagogic outcries against America's 200-year history of free market capitalism seem limitless. My immigrant grandparents are undoubtedly turning over in their graves to hear such blasphemy from the mouth of the President of the United States.
Obama's most recent target - those evil Caribbean tax havens. The current tax-deferral system is merely a ban-aid on a tax system that is openly hostile to American multinational companies. No other major industrial country treats its international business interests with such disdain and puts its companies at such a competitive disadvantage in the global economy. Then we wonder why we have such a large trade deficit.
A German firm doing
business in Ireland, say, pays no German income…
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