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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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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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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