Mr Obama’s ratings have sagged further, as well they should. He is tone-deaf, narcissistic.
In the meantime, the Treasury Department said Wednesday that the February deficit totaled $220.9 billion, 14 percent higher than the previous record set in February of last year.
The deficit through the first five months of this budget year totals $651.6 billion, 10.5 percent higher than a year ago.
All that stimulus money, those billions and billions — unaccounted for, having disappeared into the fiscal ozone and no one in the federal government seems to much care. In the meantime, all that wasted cash has benefited you in what fashion?
How is it that anyone can feature the manner in which spending money saves money? Riddle me that one, ladies and gentlemen. I’m sure that formula works well in your household, does it not?
I can tell you how it’s worked in Fornicalia. There are eight Fornicalia counties whose unemployment rates now are over 20%, twice the national average. Imperial County? 27% unemployment. Fresno County? 24%.
My department laid off 250 deputies the middle of last year. Yesterday, it laid off 19 pages of intermittent deputies in a personnel order. It will lay off a minimum of another 70 deputies come July 1st.
Pass ObamaKare and taxes will rise geometrically and immediately. Benefits will, of course, not occur for four years. Pass CapNTax and businesses will further shutter across this nation. Larger businesses will leave the country. There is talk of raising federal taxes a minimum of $3 per gallon of fuel. Then they want a mileage tax. Some advocate raising rates to $20 per gallon of gas.
That’s in order to shape our thinking and acting. And to penalize us for not driving more shoebox hybrids. Whose overall construction, per vehicle, is worse on the environment than if everyone were driving Hummer H2s. But who cares? We feel better, don’t we?
And forcing us into shoebox electric vehicles. Right. Electricity. At whose rate the generation of which can’t even keep up with current demand each summer — much less adding an entire level of national electric cars.
Yes, of course. It all makes perfect sense. When the economy is in recession, on the cusp of an actual depression, bordering on hyper-inflation (the likes of which I believe are yet to come), it’s time to remove tax cuts, increase taxes, ramp up regulations, tighten restrictions on everyone at every level, remove more freedoms. Obama’s DOJ refuses to fight ACORN corruption.
Tax, spend, tax, spend.
And the Demorats think they’re not going to pay? Some Demorats are already distancing themselves from The One. He is losing his base. They know there are problems.
Cloward-Piven, anyone?
BZ
All that stimulus money, those billions and billions — unaccounted for, having disappeared into the fiscal ozone and no one in the federal government seems to much care.
Of course! It’s not the politicians’ money — or a high percentage of it, at least. For us the taxpayers the story is very different.
BHO and this Dem Congress are going to screw up this country so badly that we may never be able to recover. The greatest burden will fall on future generations, but those of us under age 60 will also be affected.
AOW: in politics, there is little if any price to pay for failure. Until politicians are held to answer, and not simply by losing elections, the chance of real change will be minimal.
BZ
I read the Forbes’ $20 a gallon for gas article, your reference, and the author so glowingly stated that we would “get more exercise, eat more healthy food”. What has he been smoking? Where will all this “healthy food” come from? I live in the LA basin area, how many folks KNOW how to grow and put by food that will last a year? Can it, freeze it? Feed it? Animal feed has to come from some grower somewhere. More exercise? So, everyone can bicycle commute from Ontario to Redondo Beach (or wherever else) for their daily employer-handout? Uh-huh… yeah, right. Water is going to be a great need, and I can’t grow enough hay to feed my horses, if they were to be used as alternative transportation. Someone needs to truck it to So Cal.
Love your blog, I check it everyday.
One of my few sources where sanity exists.
Next Tuesday is caucus day in much of the country. If you have never attended one, you should. They are the starting point for how this country is screwed up. Tea parties may have an impact but a caucus is where the rubber meets the road.
Be prepared to be po’d.
Deeper and deeper into the abyss we go and the blind and/or brain dead Dem/Libbers just can’t grasp the FACT that Obama and Company are working harder to bankrupt America than Bush did…
Gleefully I listen as you all weep and wail about things that will never come to pass, and act as if your political party did NOTHING to bring about the current state of affairs. This constant fear mongering is absolutely comical. I just did my taxes and got a small TAX CUT. Gasoline is nearly half of what it was during W’s glorious reign, and there IS NO INFLATION AT ALL. We have actually experienced a SLIGHT DEFLATION IN THE COST OF LIVING SINCE LAST YEAR. I’d also like to add that my stock portfolio has reached an ALL TIME HIGH as I followed OBAMA’s advice, that “It’s a good time to buy stocks” last March. I also listened to Warren Buffett (Be fearful when others are greedy and greedy when others are fearful). Since you all are hiding under your beds waiting for the sky to fall, it must still be a good time to buy stock. If Obama’s agenda passes, the future’s so bright, I gotta wear shades.
I looked in my Funk and Wagnalls for the definition of Obama Ass Kisser and I found a picture of a leftwing moonbat that comments here…
Who can that possibly be??
The logo looks SO familiar…
They are playing with OPM (other people’s money), problem is, it’s OUR $$… sigh…
Tim: you must be the world’s finest diviner of stocks. My Fidelity portfolio, through work, just this year, lost me another $7,000. For FY 09/10 I lost roughly a $20,000 valuation. The bulk of that, per my own portfolio reports, in the last quarter 09 and first quarter 10. Bush didn’t help. Obama is SUPPOSED to be helping. That’s what he said. That’s what he PROMISED. I don’t see him HELPing. I see him HURTING.
BZ
Sarah: and the first time for your comments, I believe? Thanks for being a devout reader, thanks for taking the time to comment and please continue reading!
BZ
You are very welcome!
BZ- I actually posted a link to Matthews Asian Mutual funds here. Last March I invested a large chuck into that (MCHFX Matthews Asian China Fund) which has netted me a 50% return. I also bought 100 shares of Apple at 88$ (no worth 225$,or over $14,300), that also was a nice pop. A smaller portion is in Duke (DUK)for the 6% dividend, which is sort of like a decent interest bearing savings account, and NiSource(NI) a natural gas utility for the same reason. I have also recently taken a position in the Matthews Asian Pacific Tiger Fund (MAPTX)which is a fund theat invests in companies in the Pacific Rim except China.
I also have about 10% in in small co. growth fund.
In FY 08 I lost 30% mostly when things collapsed in Sept./Oct. I stayed in all cash until Mar. 09. I then went full in into what I just outlined. I recouped that entire loss plus another 20 grand. I’m no genius, but I’ll take a risk when the time is right. Everyone else last March was panicking and bailing out. While TF was “Obamaproofing” his portfolio I was going aggresive. Now that everybody thinks it’s safe to jump back in, I’ll be ringing the register soon. My only regret is that I bought Ford (F) for $1.50 and sold it at $4.50. If I had held it for another six months or so that $1,500 would have made me $10,000 instead of only $3,000. It’s arrogant to think you can always call the top of an investment so I’m happy with that decision.