It all falls down

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It all falls down

Postby carsonfire on Sat Jan 02, 2010 11:55 am

http://www.nytimes.com/2010/01/02/busin ... odify.html
U.S. Loan Effort Is Seen as Adding to Housing Woes

The Obama administration’s $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.

Since President Obama announced the program in February, it has lowered mortgage payments on a trial basis for hundreds of thousands of people but has largely failed to provide permanent relief. Critics increasingly argue that the program, Making Home Affordable, has raised false hopes among people who simply cannot afford their homes.

As a result, desperate homeowners have sent payments to banks in often-futile efforts to keep their homes, which some see as wasting dollars they could have saved in preparation for moving to cheaper rental residences. Some borrowers have seen their credit tarnished while falsely assuming that loan modifications involved no negative reports to credit agencies.

Some experts argue the program has impeded economic recovery by delaying a wrenching yet cleansing process through which borrowers give up unaffordable homes and banks fully reckon with their disastrous bets on real estate, enabling money to flow more freely through the financial system.


http://www.washingtonpost.com/wp-dyn/co ... ews&sub=AR
Rep. Murtha's earmarks lead to fewer jobs than promised

In 2005, Rep. John P. Murtha announced here that a technology firm was moving into an abandoned plate glass factory. Best of all, he promised, the new firm would generate 140 jobs.

The Pennsylvania Democrat steered $150 million in defense money to Caracal Inc., along with a $3 million grant for factory renovations. "Today's ribbon-cutting ceremony is yet another indication that our investment in this region's economic revitalization is paying off," he said that day. But Caracal never created the jobs the congressman touted. The firm peaked at 10 employees and then folded in early 2008. Once its Murtha-engineered Navy contracts ended, the company could not survive.

[...]

The Post analysis illustrates the fleeting success of some of the companies backed by earmarks. Some of the jobs generated by Murtha's earmarks cost about $2 million each, and scores disappeared as soon as projects were completed.

Peter Fiske, a former defense executive in Murtha's district, said awarding earmarks to fledgling companies often backfires, a problem that might be avoided with a more rigorous assessment of project risks. Fiske helped found RAPT Industries, a company that Murtha forecast would generate 45 new jobs. It shuttered its four-person office this year.
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Re: It all falls down

Postby carsonfire on Sat Jan 02, 2010 12:27 pm

http://online.wsj.com/article/SB1000142 ... torialPage
How a supposed boon has become a fiscal burden.

[...] a big story of 2010 will be how all that free [stimulus] money has set the states up for an even bigger mess this year and into the future.

The combined deficits of the states for 2010 and 2011 could hit $260 billion, according to a survey by the liberal Center on Budget and Policy Priorities. Ten states have a deficit, relative to the size of their expenditures, as bleak as that of near-bankrupt California. The Golden State starts the year another $6 billion in arrears despite a large income and sales tax hike last year. New York is literally down to its last dollar. Revenues are down, to be sure, but in several ways the stimulus has also made things worse.

First, in most state capitals the stimulus enticed state lawmakers to spend on new programs rather than adjusting to lean times. They added health and welfare benefits and child care programs. Now they have to pay for those additions with their own state's money.

For example, the stimulus offered $80 billion for Medicaid to cover health-care costs for unemployed workers and single workers without kids. But in 2011 most of that extra federal Medicaid money vanishes. Then states will have one million more people on Medicaid with no money to pay for it.

A few governors, such as Mitch Daniels of Indiana and Rick Perry of Texas, had the foresight to turn down their share of the $7 billion for unemployment insurance, realizing that once the federal funds run out, benefits would be unpayable. "One of the smartest decisions we made," says Mr. Daniels. Many governors now probably wish they had done the same.

Second, stimulus dollars came with strings attached that are now causing enormous budget headaches. Many environmental grants have matching requirements, so to get a federal dollar, states and cities had to spend a dollar even when they were facing huge deficits. The new construction projects built with federal funds also have federal Davis-Bacon wage requirements that raise state building costs to pay inflated union salaries.

Worst of all, at the behest of the public employee unions, Congress imposed "maintenance of effort" spending requirements on states. These federal laws prohibit state legislatures from cutting spending on 15 programs, from road building to welfare, if the state took even a dollar of stimulus cash for these purposes.


Federal stimulus seems to have been a suicide pact for luckless liberal states.

One provision prohibits states from cutting Medicaid benefits or eligibility below levels in effect on July 1, 2008. That date, not coincidentally, was the peak of the last economic cycle when states were awash in revenue. State spending soared at a nearly 8% annual rate from 2004-2008, far faster than inflation and population growth, and liberals want to keep funding at that level.

A study by the Evergreen Freedom Foundation in Seattle found that "because Washington state lawmakers accepted $820 million in education stimulus dollars, only 9 percent of the state's $6.8 billion K-12 budget is eligible for reductions in fiscal year 2010 or 2011." More than 85% of Washington state's Medicaid budget is exempt from cuts and nearly 75% of college funding is off the table. It's bad enough that Congress can't balance its own budget, but now it is making it nearly impossible for states to balance theirs.

These spending requirements come when state revenues are on a downward spiral. State revenues declined by more than 10% in 2009, and tax collections are expected to be flat at best in 2010. In Indiana, nominal revenues in 2011 may be lower than in 2006. Arizona's revenues are expected to be lower this year than they were in 2004. Some states don't expect to regain their 2007 revenue peak until 2012.

So when states should be reducing outlays to match a new normal of lower revenue collections, federal stimulus rules mean many states will have little choice but to raise taxes to meet their constitutional balanced budget requirements. Thank you, Nancy Pelosi.


Rush Limbaugh lives; and yet his hope that Obama would fail has been dashed. Obama has succeeded in implementing disastrous policies that are leading to the predictably disastrous results.
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Re: It all falls down

Postby carsonfire on Sun Jan 03, 2010 3:28 am

Quick, target some more enemies!

http://www.politico.com/news/stories/1209/31047.html
Democrats are turning their fire on Scott Rasmussen, the prolific independent pollster whose surveys on elections, President Obama’s popularity and a host of other issues are surfacing in the media with increasing frequency.

The pointed attacks reflect a hardening conventional wisdom among prominent liberal bloggers and many Democrats that Rasmussen Reports polls are, at best, the result of a flawed polling model and, at worst, designed to undermine Democratic politicians and the party’s national agenda.

On progressive-oriented websites, anti-Rasmussen sentiment is an article of faith. “Rasmussen Caught With Their Thumb on the Scale,” blared the Daily Kos this summer. “Rasmussen Reports, You Decide,” the blog Swing State Project recently headlined in a play on the Fox News motto.


...if any of you wondered why VK rips Rasmussen as an "outlier", despite its relatively accurate track record. Any entity not willing to lie on behalf of the Democrat party is The Enemy.

While Scott Rasmussen, the firm’s president, contends that he has no ax to grind — his bio notes that he has been “an independent pollster for more than a decade” and “has never been a campaign pollster or consultant for candidates seeking office” — his opponents on the left insist he is the hand that feeds conservative talkers a daily trove of negative numbers that provides grist for attacks on Obama and the Democratic Party.


Nothing, however, sets off liberal teeth gnashing more than Rasmussen’s daily presidential tracking polls, which throughout the year have consistently placed Obama’s approval numbers around 5 percentage points lower than other polling outfits.


“He polls less favorably for Democrats, and that’s why he’s become a lightning rod,” said Charles Franklin, a University of Wisconsin political scientist who studies polling. “It’s clear that his results are typically more Republican than the other person’s results.”


And that's because other pollsters -- who generally prove less accurate -- are far more likely to oversample Democrats in order to create a slightly skewed media acceptability. There's no mystery here.

Look at the poll below. Even if you want to lie to yourself about Rasmussen's sampling or methodology, there's no question about the trend. People from all quarters are fed up with Obama.
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Re: It all falls down

Postby carsonfire on Fri Jan 08, 2010 11:16 am

Once again, after another round of pro-Obama expert assurances that a recovery is at hand:

http://www.nytimes.com/2010/01/09/busin ... bs.html?hp
U.S. Job Losses in December Dim Hopes for Quick Upswing

The American economy lost another 85,000 jobs in December and the unemployment rate remained at 10 percent, setting back hopes for a swift recovery from the worst downturn since the Great Depression.

[...]

The report broadly confirmed that while the pace of job market deterioration has declined markedly in recent months, companies remain reluctant to hire, heightening the likelihood that scarce paychecks will remain a dominant feature of American life for many months.


I went through this with VK in another thread. When we identified specific Obama policies that are destroying the economy, he bleated something about Wall Street, a lame attempt at class warfare. In other words, we should be HAPPY if Wall Street at least is getting screwed REGARDLESS of the pain it's causing the rest of the nation.

But as we pointed out, he's not even right in claiming this affects Wall Street in particular. It's Main Street that's taking the biggest punches to the gut from this inept administration's disastrous, anti-economy policies.

http://online.wsj.com/article/SB1000142 ... 28426.html
In terms of discouraging a rapid recovery, other government proposals created greater uncertainty and risk for businesses and investors. These include plans to increase greatly marginal tax rates for higher incomes. In addition, discussions at the Copenhagen conference and by the president to impose high taxes on carbon dioxide emissions must surely discourage investments in refineries, power plants, factories and other businesses that are big emitters of greenhouse gases.

Congressional "reforms" of the American health delivery system have gone through dozens of versions. The separate bills passed by the House and Senate worry small businesses, in particular. They fear their labor costs will increase because of mandates to spend much more on health insurance for their employees. The resulting reluctance of small businesses to invest, expand and hire harms households as well, because it slows the creation of new jobs and the growth of labor incomes. ...

Even though some of the proposed antibusiness policies might never be implemented, they generate considerable uncertainty for businesses and households. Faced with a highly uncertain policy environment, the prudent course is to set aside or delay costly commitments that are hard to reverse. The result is reluctance by banks to increase lending--despite their huge excess reserves--reluctance by businesses to undertake new capital expenditures or expand work forces, and decisions by households to postpone major purchases.

Several pieces of evidence point to extreme caution by businesses and households. A regular survey by the National Federation of Independent Businesses (NFIB) shows that recent capital expenditures and near-term plans for new capital investments remain stuck at 35-year lows. The same survey reveals that only 7% of small businesses see the next few months as a good time to expand. Only 8% of small businesses report job openings, as compared to 14%-24% in 2008, depending on month, and 19%-26% in 2007.

The weak economy is far and away the most prevalent reason given for why the next few months is "not a good time" to expand, but "political climate" is the next most frequently cited reason, well ahead of borrowing costs and financing availability. ,,,

Government statistics tell a similar story. Business investment in the third quarter of 2009 is down 20% from the low levels a year earlier. Job openings are at the lowest level since the government began measuring the concept in 2000. The pace of new job creation by expanding businesses is slower than at any time in the past two decades and, though older data are not as reliable, likely slower than at any time in the past half-century. While layoffs and new claims for unemployment benefits have declined in recent months, job prospects for unemployed workers have continued to deteriorate. The exit rate from unemployment is lower now than any time on record, dating back to 1967. ...

These facts suggest that it was a serious economic mistake to press for a hasty, major transformation of the U.S. economy on the heels of the worst financial crisis in decades.


The economy will likely recover on its own, despite Democrats' disastrous anti-economic policies, because we are a free nation and will eventually find ways to adapt. When that recovery comes, not thanks to them but despite them, Obama and Democrats will shamelessly take all the credit. But that's also why they never learn from their disastrous mistakes.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 12:06 pm

Dumb Dems already baffled at early fallout from pending health care deform:

http://www.democraticunderground.com//d ... 89x7440290
I just got back from my pharmacy. I'm in shock.

A prescription that used to cost me $14 with Medicare Part D now costs $90, effective Jan. 1. I had read that big Pharma was preparing to raise prices before the new legislation went into effect, but this is unbelievable. I can no longer afford this prescription. Well, I guess we showed them, huh?


Like the recent credit card "reform", this shows how the liberal Democrat party tends to screw up because of legislating emotionalism instead of reality. By doing so, they make any situation worse.
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Re: It all falls down

Postby VictorK on Mon Jan 11, 2010 12:35 pm

carsonfire wrote:Like the recent credit card "reform", this shows how the liberal Democrat party tends to screw up because of legislating emotionalism instead of reality. By doing so, they make any situation worse.


It seems to be that greedy, irresponsible actors faced with the possibility that their greedy, irresponsible actions will no longer be allowed are trying to gouge the public as much as possible in a greedy, irresponsible way before the consequences of their greedy, irresponsible actions come back to bite them in the ass.

You set up a political framework where the public is perpetually at the mercy of these people, instead of a politics where they should be confronted.
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Re: It all falls down

Postby Dave.gillam on Mon Jan 11, 2010 1:20 pm

VictorK wrote:
carsonfire wrote:Like the recent credit card "reform", this shows how the liberal Democrat party tends to screw up because of legislating emotionalism instead of reality. By doing so, they make any situation worse.


It seems to be that greedy, irresponsible actors faced with the possibility that their greedy, irresponsible actions will no longer be allowed are trying to gouge the public as much as possible in a greedy, irresponsible way before the consequences of their greedy, irresponsible actions come back to bite them in the ass.

You set up a political framework where the public is perpetually at the mercy of these people, instead of a politics where they should be confronted.
Dems were the ones taking their money to pass this thing. Obama is arm & arm with them on how important it is this bill be passed. Pelosi all-but-shoved it down people's throat and it looks like Reid wont survive his part in this mess. All for a bill Repubs werent consulted on, werent present for most the back-room dealing of, and never offered a vote for.

This is all 100% Democrat ideology and action. Own up to your own catastrophic failures.
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Re: It all falls down

Postby VictorK on Mon Jan 11, 2010 1:34 pm

Dave.gillam wrote:All for a bill Repubs werent consulted on, werent present for most the back-room dealing of, and never offered a vote for.


This just baffles me. The Democrats bent over backwards for conservatives, both in the Republican Party and their own and they got /nothing/ for it. Sullivan put it well:

That is why in the week before Obama’s inauguration the most influential voice on the right, Rush Limbaugh, openly said he hoped the president would fail. That is why, in the first real test of the opposition, Obama’s stimulus package — with vast tax cuts in the middle of the steepest downturn in memory — garnered zero Republican votes. Zero. That’s why a health insurance reform plan that is in many ways more conservative than the Republican leader Mitt Romney’s Massachusetts pilot, a reform that cut the deficit, ruled out a public option, and gave the health insurance and drug companies millions of new private sector clients, won zero Republican support in the Senate and one, yes, one, Republican vote in the House.


If, and this is a big if, the increase in price that that poster experienced is linked to the health care debate it has /nothing/ to do with the substance of the bill. Bowing to conservative pressures the Democrats long ago gave up any pretense of being able to negotiate for drug prices or the reimportation of drugs from other countries. Maybe something else is going on, but if it is related to the bill then it's about scare tactics and greed, not any proposal in the bill itself. You can't point to any provision that would cause drug prices to rise to that degree.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 2:06 pm

VictorK wrote:This just baffles me. The Democrats bent over backwards for conservatives, both in the Republican Party and their own and they got /nothing/ for it.


Got to explain it to you once again: because your political party indulges in graft does not give you the right to say that your sleazy deal-making with big business is "conservative".

You might get away with saying that Democrats bent over backwards to get a few LIBERALS from the Republican party, Olympia Dukakis in particular.

News alert, VK: the most liberal member of the Republican party, Olympia Dukakis, who your party courted, is *not* a conservative. She is more liberal than some of your more conservative members.

But if by bending over for "conservatives" you mean the "blue dogs", then you're (pardon the pun) barking up the wrong tree. The fact that liberal Olympia splintered off and your blue dogs were bought off proves that your monster is in the end a PARTY animal. You expect to gain certain ideological advantages through its passing, but it's not a "conservative" bill, nor did you "bend over backwards" to get appease any *true* conservatives. Any conservatives you bought off within your own party simply demonstrated that they don't really have the convictions they pretended to have, and are just simply liberals with higher price tags.

For example, we might call Ben Nelson a "conservative" Democrat, but was the giveaway to Nebraska a "conservative" idea? Hell no!

If you mean conservative Republicans, rip it back out. They aren't voting for it any way, not one. If you really have faith in your disastrous policy, and you're willing to pass it on a pure 100% party line vote, then have the courage to take ownership of that monstrosity that you're trying to shove down our throats. I mean, VK, at least stop being a *weasel* about it.
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Re: It all falls down

Postby VictorK on Mon Jan 11, 2010 2:52 pm

carsonfire wrote:If you mean conservative Republicans, rip it back out. They aren't voting for it any way, not one. If you really have faith in your disastrous policy, and you're willing to pass it on a pure 100% party line vote, then have the courage to take ownership of that monstrosity that you're trying to shove down our throats. I mean, VK, at least stop being a *weasel* about it.


No, I won't take ownership of it, because it's not a liberal policy. It is a mishmash of the liberal aim of health care reform and concession to conservative interests so that it leans more right than left. It is the kind of reform you would expect if a room full of conservatives were confronted with the urgent need to reform the health care system, plenty of provisions to make sure that big business was satisfied, no public option, a meager effort to insure the uninsured, no real threat to the private insurance industry and deficit neutrality.

I have no idea why conservative Democrats and conservative Republicans aren't at least willing to /consider/ the bill. It's as Sullivan says, you're more about seeing Obama fail than taking a serious look at substantive policy.
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Re: It all falls down

Postby Dave.gillam on Mon Jan 11, 2010 3:41 pm

Because the 'conservative' solution is simple: Trash the damn thing. nothing in it is or was supported by conservatives.
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Re: It all falls down

Postby Casual Notice on Mon Jan 11, 2010 4:05 pm

VictorK wrote:
carsonfire wrote:If you mean conservative Republicans, rip it back out. They aren't voting for it any way, not one. If you really have faith in your disastrous policy, and you're willing to pass it on a pure 100% party line vote, then have the courage to take ownership of that monstrosity that you're trying to shove down our throats. I mean, VK, at least stop being a *weasel* about it.


No, I won't take ownership of it, because it's not a liberal policy. It is a mishmash of the liberal aim of health care reform and concession to conservative interests so that it leans more right than left. It is the kind of reform you would expect if a room full of conservatives were confronted with the urgent need to reform the health care system, plenty of provisions to make sure that big business was satisfied, no public option, a meager effort to insure the uninsured, no real threat to the private insurance industry and deficit neutrality.

I have no idea why conservative Democrats and conservative Republicans aren't at least willing to /consider/ the bill. It's as Sullivan says, you're more about seeing Obama fail than taking a serious look at substantive policy.

What kinbd of fucked up conservatives do you know that you honestly believe that the "conservative ideal" is to screw up a system even further by putting business on the governent dole. I know you think we're all inbred trailer trash and avaricious bond dealers, but do you really think we're that stupid? Do you think that if an actual conservative was even consulted on this that this is what we'd approve? A bill that in its original form was the largest federal power-grab since the New Deal, and one that in its final form is really just a sale of the interests of the American public to a few well-placed businessmen and politicians? Really? Do you think that little of us?

It appals me to see the depths of your hatred for those who disagree with you even slightly.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 5:00 pm

Yikes, talk about circular logic!

"I have no idea why conservative Democrats and conservative Republicans aren't at least willing to /consider/ the bill. It's as Sullivan says, you're more about seeing Obama fail than taking a serious look at substantive policy."

This is so backwards it's painful; it's Obama who, despite dishonest rhetoric, has overseen the most partisan atmosphere we've ever seen in DC. Obama and his army of ideologues say how they want things, then immediately declare discussions and debate at an end -- and then lambast everyone as obstructionist if they don't fall into lockstep.

It's what your party did with pork-n-graft, then after it proved a disaster you blamed it on hallucinatory concessions to Republicans -- even though the reasons it failed are painfully clear, and have more to do with the mammoth sums simply being wasted. Now, you can't even wait for this disaster to be passed. We already know it's a disaster-in-waiting, but because you know that we'll have to go through a lot of pain in the process of destroying the status quo, you are pre-emptively blaming everything bad on more hallucinatory concessions, instead of admitting that destroying that status quo you hate is going to be painful and disastrous.

In the end, VK, we don't CARE if you're willing to take ownership of this or not. You've GOT it. You've got three wildly disparate types of conservatives here telling you that we oppose this thing on the MERITS -- not because we're "against Obama", but because almost everything in your plans is anathema to common sense. We want the thing tombstoned -- you don't. That alone shows the dishonesty in your argument, even if you are sincere in making it.
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Re: It all falls down

Postby VictorK on Mon Jan 11, 2010 5:41 pm

Casual Notice wrote:one that in its final form is really just a sale of the interests of the American public to a few well-placed businessmen and politicians?


Have self proclaimed conservatives been doing anything different since Reagan took office? An endless stream of deregulation to benefit their cronies on Wall Street, resulting in the financial disaster. A medicare "reform" bill that was unfunded and a giveaway to pharmaceutical companies.

This may not be the conservatism that you like but it is the conservatism that prevails in America. I find your desire to reform the term admirable, there's much that you have personally advocated that I agree with, but where power in the conservative establishment is concerned your personal advocacy is nothing more than a wish and a hope, much like the advocacy of the left falls on deaf ears in the liberal establishment that is currently in power. We are all powerless and dissatisfied here.

CN wrote:It appals me to see the depths of your hatred for those who disagree with you even slightly.


I think that's Carson's line.

Carson wrote:This is so backwards it's painful; it's Obama who, despite dishonest rhetoric, has overseen the most partisan atmosphere we've ever seen in DC. Obama and his army of ideologues say how they want things, then immediately declare discussions and debate at an end -- and then lambast everyone as obstructionist if they don't fall into lockstep.


Which is why deadline after deadline on the health care bill has been missed and we've been debating it for almost a year now. Yes, those Democrats sure are all about shutting down discussion and debate. They're so efficient on getting things done.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 6:44 pm

VictorK wrote:
Casual Notice wrote:one that in its final form is really just a sale of the interests of the American public to a few well-placed businessmen and politicians?


Have self proclaimed conservatives been doing anything different since Reagan took office? An endless stream of deregulation to benefit their cronies on Wall Street, resulting in the financial disaster. A medicare "reform" bill that was unfunded and a giveaway to pharmaceutical companies.



That's exactly where you're conflating YOUR graft with YOUR bias about how (squeaky voice) "conservatives just want to deregulate everything!" Even if we conceded your ridiculously simplistic bias (which we don't) there is still no way to tie that in to graft, the political payoff. Mindless deregulation (which only the hobgoblins in your mind support) may seem to be beneficial to big business, but isn't nearly as helpful as Democrats' usual pro-monopoly measures (punitive measures that pretend to get "the rich" but always slam small business hardest, creating a favorable climate for the fat cats Democrats pretend to despise, but which are in reality often their own elected senators).


VictorK wrote:
CN wrote:It appals me to see the depths of your hatred for those who disagree with you even slightly.


I think that's Carson's line.


I decided there wasn't any point before, but since you brought it up, I was going to disagree with Casual on that; I don't think you're being guided by hate on this so much as the need to find a scapegoat. While your manner is aggressive and angry, it is defensive rather than aggressive.

Hate guides your perceptions of conservatives, but in this case that's just the component that gives you permission to commit this highly illogical scapegoating.

VictorK wrote:Which is why deadline after deadline on the health care bill has been missed and we've been debating it for almost a year now. Yes, those Democrats sure are all about shutting down discussion and debate. They're so efficient on getting things done.


What debate? Democrats worked out what they wanted before the town halls, and sent Dems out to TELL people how things were going to be. When the people made noise, they scurried back and have been defensively re-jiggering everything. There's been no proper "debate" at any point.

You can't have a debate when your party keeps announcing that "debate is over" and the "time for talk is past" before allowing any real argument. Where was the debate on tort reform? That's one of the prime health care reforms conservatives would favor, but there was not even enough debate for it to be considered and dismissed. We've simply been instructed to bow down and worship your gloriously disastrous policy ever step of the way. Rhetoric is not reality, VK. Just saying you had a debate when you didn't doesn't make it true.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 7:44 pm

Back to the thread title, it all falls down...

http://news.yahoo.com/s/ap/20100111/ap_ ... employment
A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama’s first stimulus has had no effect on local unemployment rates, raising questions about his argument for billions more to address an ‘urgent need to accelerate job growth.’ An Associated Press analysis of stimulus spending found that it didn’t matter if a lot of money was spent on highways or none at all: Local unemployment rates rose and fell regardless. And the stimulus spending only barely helped the beleaguered construction industry, the analysis showed.


VK blames the failure of stimulus on Republican interference, but this is directly attributable to the problem I was talking about early on: shovel-ready projects are by definition shovel-ready because they are already funded. So this money disappeared into many holes, on record as having disappeared into non-existent districts creating phantom jobs. And that's the GOOD money. This money was cover for the more outright graft and political payoffs contained in the rest of the Democrats' disastrous spending-spree bill.
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Re: It all falls down

Postby carsonfire on Mon Jan 11, 2010 7:57 pm

http://feedproxy.google.com/~r/instapun ... WGNufjETU/

I’VE BEEN DOWN, BUT NOT LIKE THIS BEFORE: CBS: Obama’s Approval Rating Dips to New Low. “President Obama’s job approval rating has fallen to 46 percent, according to a new CBS News poll. That rating is Mr. Obama’s lowest yet in CBS News polling, and the poll marks the first time his approval rating has fallen below the 50 percent mark. Forty-one percent now say they disapprove of Mr. Obama’s performance as president.” As I said before, the other polls eventually seem to catch up with Rasmussen . . . .

Related: CBS: Poll: Obama Health Care Marks Hit New Low. “Just 36 percent of Americans approve of Mr. Obama’s handling of health care, according to the poll, conducted from Jan. 6 – 10. Fifty-four percent disapprove.”
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Re: It all falls down

Postby carsonfire on Tue Jan 12, 2010 11:14 am

Obama: FAILURE

http://politicalticker.blogs.cnn.com/20 ... residency/
Forty-eight percent of people questioned in a CNN/Opinion Research Corporation survey released Tuesday say Obama's presidency has been a failure so far, with 47 percent saying Obama has been a success.


The trend is for that negative to increase, and there's nothing on the horizon to suggest that will change. Even if the economy starts picking up, we're left with Obama's disastrous debt and the threat of ruining US health care.
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Re: It all falls down

Postby carsonfire on Tue Jan 12, 2010 11:56 pm

http://www.washingtontimes.com/news/201 ... _headlines
Not only did U.S. consumer bankruptcies jump by nearly a third in 2009, but bankruptcy analysts expect matters to worsen again in 2010 as the deepest economic downturn since the Great Depression continues to work its way through American households.

Consumer bankruptcy filings exceeded 1.4 million last year compared with 1.06 million in 2008, an increase of 32 percent, according to the American Bankruptcy Institute (ABI), a nonpartisan, independent research and education organization. The ABI relied on data compiled by the National Bankruptcy Research Center.

"A combination of economic stress, including high debt loads, rising unemployment and unsustainable mortgage burdens, left many consumers with little choice but to seek the financial relief of bankruptcy," ABI Executive Director Samuel J. Gerdano said.

"The future is more of the same," he said.

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Re: It all falls down

Postby carsonfire on Thu Jan 14, 2010 9:58 am

Glenn Reynolds posted a reader email that demonstrates how Democrat policies have the economy hamstrung:

http://feedproxy.google.com/~r/instapun ... m7a1jaSNk/
As a partner in a midsize firm (annual gross about $50,000,000) I can give you our perspective on hiring: we’re not doing it. And we’ve always been in hiring mode in the past. We’re not struggling, but we simply are not willing to take on the risk of hiring people in this environment. Just look around: small businesses are still closing. How many “For Lease” signs do you see right now in front of empty commercial properties that used to house small and mid-size businesses? With taxes and interest rates expected to rise later this year or next, thus sucking even more cash out of the economy, and consumers still cutting personal spending, most businesses would be idiotic to go on the type of hiring sprees that would be necessary in order to create robust job growth. Instead, many businesses are still looking everywhere they can to slash expenses. Unfortunately, that includes payrolls.

I doubt anybody in the Obama Administration gets this. They’d have to take a break from their obsession with health care reform, and you know, actually talk to people who run businesses to understand what’s going on. But except for hobnobbing at fund raisers with the occasional fund manager or Fortune 500 CEO who’s so rich he can afford to be a liberal Democrat regardless of what happens, they don’t do that.


http://hotair.com/archives/2010/01/14/p ... -election/
Poll: Majority Would Vote Against Obama Re-Election.
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