What Obama, Reid and Pelosi Have Accomplished
Tags: Obama Depression.
Click here to get Caucus of Corruption: The Truth About The New Democratic Majority by Matt Margolis and Mark Noonan.
They’ve just made things worse:
…Our fiscal situation has deteriorated rapidly in just the past few years. The federal government ran a 2009 deficit of $1.4 trillion—the highest since World War II—as spending reached nearly 25% of GDP and total revenues fell below 15% of GDP. Shortfalls like these have not been seen in more than 50 years.
Going forward, there is no relief in sight, as spending far outpaces revenues and the federal budget is projected to be in enormous deficit every year. Our national debt is projected to stand at $17.1 trillion 10 years from now, or over $50,000 per American. By 2019, according to the Congressional Budget Office’s (CBO) analysis of the president’s budget, the budget deficit will still be roughly $1 trillion, even though the economic situation will have improved and revenues will be above historical norms…
…Mr. Obama and his advisers say they understand these concerns, but the administration’s policy choices are the equivalent of steering the economy toward an iceberg. Perhaps the most vivid example of sending the wrong message to international capital markets are the health-care reform bills—one that passed the House earlier this month and another under consideration in the Senate. Whatever their good intentions, they have too many flaws to be defensible.
First and foremost, neither bends the health-cost curve downward. The CBO found that the House bill fails to reduce the pace of health-care spending growth. An audit of the bill by Richard Foster, chief actuary for the Centers for Medicare and Medicaid Services, found that the pace of national health-care spending will increase by 2.1% over 10 years, or by about $750 billion. Senate Majority Leader Harry Reid’s bill grows just as fast as the House version. In this way, the bills betray the basic promise of health-care reform: providing quality care at lower cost.
And where are we, right now? Well, our policy makers are desperately trying to stave off the inevitable:
Ambrose Evans-Pritchard reports Core deflation in the US continues to gather pace
Core inflation for factory goods in the US fell to minus 0.6pc in October from a year earlier, edging the country closer towards Japanese-style deflation despite massive monetary stimulus.
Janet Yellen, the head of the San Francisco Fed, said emergency measures had prevented the US economy from sliding into a “black hole of deflation”, insisting that it is still far too early to talk of tightening policy.
We’re in a depression and the government is desperately trying to prevent the price and wage deflation necessary as part of the process of getting out of this mess. They want people to maintain their current wage levels (even though unemployment is going through the roof); they want people to maintain their current mortgages (even though housing prices are dropping like a rock); they are printing money like mad in hopes that it will keep prices high. And all of it won’t work – it can’t work. There isn’t in the United States the actual wealth to justify the pre-depression prices of goods, services and labor. The sooner we let the crash finish its business, the sooner we can all get back to work rebuilding our wealth.
All the Democrats are doing is putting off the day of reckoning – and ensuring that when it comes, it will be worse than it had to be.
Thank you for visiting Blogs For Victory. If you enjoy our content, please consider making a donation to help us cover the costs of our servers.Mark Noonan is co-author (with Matt Margolis) of Caucus of Corruption: The Truth About The New Democratic Majority. He also blogs at Nevada News and Views. Follow Mark on Twitter.
29 Responses to “What Obama, Reid and Pelosi Have Accomplished”
Caucus of Corruption
This is the same bunch that complained of “high” deficits during the Bush administration.
Now, these looters are actually looting the treasury (printing money as they need it) to implement their radical agenda to make a permanent moocher class and buy their votes.
The amount of damage these three have done to the economy, the country and democratic party are immeasurable. Except of course the 10.2% unemployment and 1.4 trillion dollar deficit, those areas are painfully measurable.
Change the record for goodness sake!
According to you righties, all the evils of the world began when the Democrats seized both houses. You are absolutely myopic. Bush’s irresponsibility hasn’t even fully kicked in:
Are you getting this? The Bush Tax cuts from 2001/2 haven’t yet been paid for and the bill becomes due in 2010. And there’s you rubbing your hands together waiting to blame it on Obama.
And then there’s Iraq:
So are you getting that? The Pentagon’s annual operating budget since the beginning of the Iraq invasion hasn’t included the cost of the war there. This doesn’t mean the money wasn’t spent by Bush, only that it wasn’t accounted for. And yet you blame Obama for the nation being in debt and not transparent in its accountancy.
Worst of all, your “solution” to this is to oust Obama and go right back to the fiscal irresponsibility of the last eight years. There are days I wish you COULD go back to that and properly shoulder the blame but then I remember that you’d STILL blame Democrats while cheering on the destruction of the country.
The state of the country is not solely down to Obama, or Reid, or Pelosi. Not by a long way. Whilever you forget about the tax cuts whose costs were deferred until 2010 or the two wars whose bills were never truly reported, you utterly destroy your own credibility.
AF,
I will admit that the Bush era was neither as fiscally responsible nor as unobtrusive as was desired. But that does not mean that Obama is any better or is doing anything to help the situation. And as more time goes on and the economy continues to not improve, you will find more and more people willing to blame Obama for the economy, a trend already noticeable in polls.
Obama, Pelosi, Reid, et. al may have the best intentions, but can we at least agree that the nature of the argument for the spendulus, saying that it needed to be passed ASAP to save the economy and not let unemployment reach 10%, was somewhat duplicitous? Perhaps the greatest fiscal lesson we will learn from this decade is that the situations in which things need to be decided and voted upon before full understanding of that event/proposal are scant. This goes for the Spendulus, Iraq, and the prospective Health Insurance Bill.
The monies spent for our defense were spent in good keeping with the safety of the American people, and I think it was unwise for Obama’s administration to redirect funds to healthcare that will cost us freedoms and make us more vulnerable to terrorism down the road. We’ve already seen how well Obama is on the case of the terrorists, and we’ve already lost 14, 13 men and women in uniform along with one little unborn child on our own soil.
Martial law could be coming any day.
@Observer: I’m not trying to say that Obama, Pelosi, Reid et. al are blameless. But I am pointing out that they aren’t 100% to blame.
The current GOP line is that the country fell apart when the Democrats won a majority in congress and the house, and that fall apart has been accelerated by having a Democrat president. They want to ignore the build up to this current situation, which at least partly happened between 2001 and 2006.
When it comes to accuracy neither Bush’s predictions (the war in Iraq would pay for itself, tax cuts would pay for themselves because people would spend more of their rebate etc) nor Obama’s predictions (if we do this NOW unemployment won’t hit 10%) have been correct, but with things Bush did not even being accounted for, or not expected to impact the economy until 2010/11 he has a lot worse record than Obama has.
@Jeremiah: We didn’t spend ANY money keeping the American people safe from all those weapons of mass destruction that turned out not to exist in Iraq. We just spent the money. And the lives of servicemen and women.
In case it missed your notice, the original reason was to keep America safe from chemical and potentially nuclear attack from Iraq. After trillions have been spent, there WAS no chemical or nuclear threat in Iraq. So effectively the money was wasted.
RE: So effectively the money was wasted.
Yeah, Saddam Hussein and his buddies were “goooood” guys. Really nice. Yeah. hahaha
Ahmadinejad is “good” guy, too. Right?
@Jeremiah: You’re missing the point, deliberately. Your original claim was that the money was spent to keep America safe. It was not. It was spent to depose Saddam and to make a grab for Iraq’s oil. Although the former worked, the latter hasn’t anywhere near as well as expected.
Nobody denies Saddam and his buddies were bad guys, but that’s not the point and you know it.
Bush’s wars and their purposeful cost hiding are a major contributor to the national debt, and that money has been spent for no real gain to the American people. It has NOT made us safer, especially from weapons that turned out not to exist, and has just been a black hole for money better spent at home to disappear down.
Arctic Fox,
No, my point is that Obama and his cronies don’t know their enemies because they are with the enemy.
Arctic sweetie,
The Iraq war was never about oil, silly. If it were, we could take all we wanted right now, but as it was, we transferred all sovereignty back to the Iraqi government just as soon as possible. Did you miss that day in school honey?
And I really don’t know why you continue to post here, as you bring nothing original to the table, and have been embarrased and called out on nearly every occasion. In fact, from now on, why not just post one liners referencing some of your previous mindless posts? It would save all of us, and you, a lot of time. mmm k?
@Cluster: Still not able to dispute the facts about Bush’s financial mismanagement being responsible for the mess Obama, Reid and Pelosi find themselves stuck trying to clean up, eh? What a shame…
Well its self evident that our government socialist leaders are continuing the path they intend to lead America down. They have thrown all this package together for one purpose, and that is to push it through Congress and then ram it down the throats of millions of Americans. They have excluded themselves and what is truly sad is that we do not have more Republicans speaking out harshly against this mindless game they are playing. And another thing regarding this healthbill, they know (it was all done behind closed doors) that we Americans who have shown logical sense about this will cry foul, and will shout at them for their behaviour and then call us cry-babys, but in the beat of the drums, they slowly are pulling the noose (As Obama and George Soros and those who have come to the Whitehouse), around the neck of our Constitution. This is all planned but it must be planned with all these elitists in Control. The American people are almost fed to the brim with this foolish tactic and I think a breaking point is coming. We have the tea-party goers come out and protest but we are considered by Mrs Pelosi as Astro-Turf and not the real thing. Well Mrs Pelosi does not know the swell of bitterness and angerness that she and Obama and other elite Congressmen in Control of this bill are swelling in the hearts of the people from coast to coast. They have this all planned to take complete control of our government. Once this health-care is taken over and the banks, automakers and other large companies have already been taken over then then all he has to do is call a crisis in America under Government Militia Rule and he will control every state and Federal government entity in America. Chavez now has this control, so does Mao Te Sung (The great Imperilist Ruler of China), Remember Linen and Stalin and other National Rulers; what subtle minds that controlled the masses. We are at the approaching point of this happening in America. Obama’s king-pins Reid, Pelosi and Murtha, Shumer, Rockefeller and other elite Senators are falling into Obama’s and George Soros’ hands. And when all this happens then what will the America do about all this CHANGE that Obama knew he wanted to do?
Well this Healthcare bill (if it passes the Congress) will tell the story. I don’t think Harry Reid has the brains to continue this bill thru passing because he has other extreme socialists who are forming all these plans for our government behind locked doors. The only hope america has in not getting our U.S. Constitution destroyed within a few short years is to vote these people out of their elected offices. If this is not done in this upcoming election and America sits on their behinds and we continue down this path, we will certainly need Gods help and possibly the help of another nation to rescue Americans from the doom we will face. We will fall into the Imperial Hands of the “Great One” Obamanism. You might think I’m nuts on this one but we can see it all forming and coming to a reality. That’s not what America wants. Write your Congressmen and Senators. Continually not just one e-mail but many, phone their offices. My senators (both democrats) failed in responding to many e-mails I sent in regards to this healthbill. They completely ignored my questions and what lays upon my heart. so I will vote against them and pray to God that America will awaken to the clamity that awaits America if this bill passes.
God bless you all. truthisright
AF,
And Obama, Pelosi and Reid are just making it worse. Feel free to consider Bush the worst President, ever – your man Obama is doing a worse job.
Arctic dear,
Not only do you have a limited understanding, you also have a terrible memory. These topics, which you evidently seem to think are fresh and relevant, have been debated and opined on ad nauseum, and I just don’t care to engage in rehashed arguments. mmm k?
But maybe you could offer us your opinion, no matter how mal informed it is, on the current 10.2% unemployment and the current 1.4 trillion dollar deficit. Please note the word “current”.
@Mark: So which is the greater evil? Making a bad situation worse, or not having the bad situation in the first place TO make worse?
Arctic dear,
Your premise suggests that the conservatives here endorsed the spending by Bush, and the GOP Congress. We didn’t. And in fact, that is why the 2006 GOP Congress lost, because of their over spending, something that liberals have seem to forgotten, that’s that terrible memory I pointed out to you earlier.
AF,
Making a bad situation worse – anyone can make a mistake…but for someone to double up on the mistake; well, that takes idiocy to a whole, new level.
AF regurgitates the tax cuts and Iraq war spending talking points as the source of all our woes. The looter programs for “fairness” in home ownership had nothing to do with the mortgage and credit debacles. Credit is relied upon by many business to make short term loans for project spending, retooling and payrolls. All those tasks were severely curtailed when those credit sources were taken away. But let’s not facts get in the way of political blame and talking points.
If Bush spent money that he did not have on the Iraq war. Then why is it not a problem for Obamateur and company to spend more in the first few months than what was spent in Iraq ? I know she will regurgitate the hidden spending talking points but there is more to Obamateur and looter spending to come. More spending at more costs to small businesses and the “rich” – those who provide the most jobs to the American people. But, AF will never see what is plain as the nose on her face.
In short, these moochers will defend the looters in the absence of all reality and common sense.
Truly pathetic.
from now on, why not just post one liners referencing some of your previous mindless posts? It would save all of us, and you, a lot of time. mmm k?
cluster, it’s nice to know I’m not the only one who’s noticed that almost all of AF’s posts are interchangeable with each other. She’s kinda like a wind-up toy that’s pre-programed with comments A, B, C & D.
President Bush didn’t do a “bad” job. He did more than any President since Ronald Reagan to help save the lives of the unborn, and he liberated or set free a nation from the bondage of tyranny. He helped to lighten the burden of taxation, by decreasing peoples income taxes. In response to September 11, 2001 he developed a Homeland Security system because of the fact that our times have changed, we have more and more nuttier people out there, and that’s because of a more pluralistic/polytheistic/multiculturalistic society … and thus, we have people who are willing to carry through with their murderous ideologies, and they would murder anyone that is not like or does not hold the same beliefs as they do. So we need a system of security that will ensure that these people remain in check. There are people out there right now that are calling for Jihad right on American soil. And when we spot them, we need and must turn them into the authorities, to the FBI, Homeland Security etc.
While we could have done more to help the hungry and needy here, by using the funds that went to Africa for AIDS prevention…we could have bought the needy a turkey for Thanksgiving. Yes, help the hungry!
Oh well, by gones will be by gones. What is done is done.
Obama on the other hand will have much, much to answer for. He is waiting to sign a bill that will usher in the communistic rule of America, something that the United States has never known.
It’s up to the people now … what do we do? Do we wait until the next election if there is one? Or do we fight to protect our freedom when the tyranny comes?
It’s always just the same old same old BSBSBSBSBS from the constantly whining Artic Fox. Maybe a name change? I deal with foxes, and they are nowhere near that dumb.
Bush did not cut taxes. Duh. If he had cut TAXES, tax revenues would have gone down. He cut tax RATES—or rather, submitted a plan to do so to Congress, which approved it. And following the tax RATE cuts, tax revenues went UP.
So the tired old whine that these imaginary tax cuts have still not been “paid for” is simply ludicrous–though a staple of RRL bitchin’ and moanin’.
And the old whimper about no WMD in Iraq—-so tired,so wrong, and yet so dear to the hearts of the ardent Bush-hating RRL.
If you ever, even just once, even briefly, had the intellectual courage or integrity to discuss the Liberal social engineering experiments that led to the housing boom/bust and subsequent bank failures, etc., it might be worth trying to enter into a discusion with you. But you just blithely dismiss all those inconvenient FACTS and keep regurgitating your silly, always-refuted, talking points.
Spook, AF’s posts are always composed of one whine from Column A, a couple from Column B, and so on.
I think the only time she has gone off-script was when she flipped out and accused me of being a stuck-up snob. Goofy as hell, but at least a change of pace……….
@Mark:
But it wasn’t a mistake. It was policy. Policy that Republicans were falling over themselves to continue.
why not just post one liners referencing some of your previous mindless posts? It would save all of us, and you, a lot of time. mmm k?
Or, she could get off the dog sled and jump in front of it.
What, she’s the lead dog? Never mind…
Accomplished?
I know what they want to accomplish Mark;
they want to take complete control of the Americans lives thru this so-called Healthcare (Pelosi- plan. ( I know i’m ranting) but Trust me Reid and Pelosi aren’t the only ones who want to take control of anything, (there are evil organisers behind the closed doors that are tirelessly planning, cunning, deceptively wanting to take this nation through the courts and advise of other foreign nations. They are adamantly forcing this through so quickly. Why? Think about this. Another freedom we will soon be losing if they control the masses are our only means of protection. And that’s our guns.
And they will use the courts in the United States and Abroad to do this. But it has to be done by force I think because the Americans have too long clung to this Constitutional Right.
They know Americans value this freedom they have. I wonder what George Washington and our great forefathers would think of this group of Congressmen and Women running our congress today?
If our only protection from thieves, murderers and not to mention those in Congress is taken away then what defense do we have?
Is that what America wanted in Change?
And to protest against these ideas, then Reverend Wright self-righteously ***-damns Americans.
And then just think for a moment; (Imagine paying 100 million to a Senator just to get one vote). That is unbelievable and Unconstitutional).
Then Harry Reid comes out kissing Rockfeller and Dodd and the others who are so overjoyed. These people are not in reality and this closed door stuff should be unconstitutional. There’s no doubt these people need prayer from the people of God in this nation. But to see a change in their hearts I don’t know because Gods will is going to be done (regardless of what laws or control they take) and Mr Obama or Mrs Pelosi has no control over that. And I certainly want to pray for Gods will to be done on Earth as it is in heaven.” (Pray that these leaders will give their Hearts to Jesus Christ and turn to the Great God thru Jesus Christ the Saviour of the World.”
RE: And they will use the courts in the United States and Abroad to do this
Trutisright,
That’s actually what Obama said in a meeting with Planned Parenthood … he said: it’s time for a different attitude in the white house, it’s time for a different attitude in the Supreme Court, it’s time to turn the page of history in a new direction …
Irregardless of those sacred words spoken and penned by Thomas Jefferson for future generations in our Declaration of Independence, which states that ‘All men are created equal, endowed by their Creator with certain inalienable rights, that among these are Life, Liberty and the Pursuit of Happiness’ …
Something that Mr. Obama evidently denies through his support of unborn children that have survived late-term abortions being laid upon a cold table and left to die a cruel agonizing death. As if it is not agonizing enough to have their little bodies punctured with a needle and poison injected into them.
Mr. Obama needs to re-consider his position, because, as it stands, he’s got the mind of a murderous dictator, say someone like Adolf Hitler, who had a gigantic abortion industry with their efforts directed to those Jews whom Hitler and his Nazis deemed an “inferior” race. We have those same anti-Semites with us today, among them Barack Obama, Nancy Pelosi, Harry Reid, and others that you’ve mentioned–in short, the Democrat party in general…only it has gone far beyond a race issue for them, but for life in general that cuts across all racial and nationality lines, it’s gone to “population explosion” myths, that we as humans are destroying the planet, and one of their main lies to go along with that is the lies put out by Al Gore in regards to the “global warming” myths.
Put the ideologies of both Hitler and Gore together and you have an extremely deadly toxic mix, one that seeks to put man at the center of, and control of all the world.
They are in for a big surprise!
Sarah Palin’s book has hit the bookstores and its unbelievable how the far left is bashing and trashing this God fearing woman. She knows what it takes to put this nation into gear and work like a clock timing to the right timeframe. But there are those like Pelosi and Reid and Obama and Clinton who are adamant in having her reputation destroyed (ah they won’t tell it twas them). but I believe she has the right medicine for the nation in her brilliant wisdom and her forthright speaking abilities, (although she has improved 300%), and I thank God for that. I see her popularity increasing on a daily rate and wouldn’t surprise me if she fell into the top ranks of becoming our next President with all Republicans in both houses. (If the current Republicans get their heads straightened and show some moral fortitude.) Its housecleaning this coming election beginning with our state representatives.
bless and have a marvelous thanksgiving. God is so Good.