Obama Declares War on Investors, Entrepreneurs, Businesses, And More

Amidst A Growing Sense of "Buyers Remorse" Conservatives Trumpet "We Told You So!"

Larry Kudlow, CNBC

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.

The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.

Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.

Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.

There is a growing sense of buyer’s remorse.

Well then, do conservatives dare say: We told you so?

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Thank you Obama voters, for screwing up the Country, our Economy, and just today signalling our surrender in Iraq as your "messiah" announced a date-certain pullout of our Troops.

I can hardly wait for the upcoming Conservative Revolution that will sweep the House & Senate of these Liberal-Socialist scum.

Rick Santelli Destroys Obama Mortgage Plan on Larry Kudlow - 2/21/09

Now that the Obama Administration has attacked free speech and anyone who disagrees with their wealth-redistribution policies via attack-dog White House Spokesman Robert Gibbs, the gloves are off!

Rick Santelli fires back at White House spokesman Robert Gibbs about Obama's mortgage bailout plan. 

No doubt, the Obama Administration is embarking on a policy to discredit and destroy those that disagree with them, but it appears Mr. Santelli isn't about to go quitely into the good night.

Way to go Rick!  It's high time the revolution began in this country.  Keep up the good fight.

Is America Lost To The Socialists?

Read it and weep, here's a snapshot of the latest Fox News Opinion Dynamic's poll. 

It just makes me want to weep for my country.  To think, 51% of American's think the Federal Government should ensure that they have jobs, and 52% think that the Government should house them too. 

No wonder this country is in the mess it's in. 

God Save America.

Rick Santelli Responds To White House

Clearly, the Obama Administration misses Rick Santelli's point and obviously, the point of all hard-working, tax-paying American's who don't want to reward the bad behavior of those who bought homes they could not afford.

Video speaks for itself:

Obama Backing $1,000,000 Insurance Requirement For Gun Owners in Illinois

Trial Balloon For Rest of Country

I have to confess, today I just lost it.  As I was reading through a thread about Obama backing a bill in the Illinois State Legislature which would require all Illinois Residents who have a Firearms Owners ID Card to carry $1,000,000 in liability insurance on one of my favorite websites www.freerepublic.com I ran across the following response from a poster named "exist" on this thread and I just couldn't help myself in going ballistic:

From a poster on FreeRepublic.Com : If he goes through with this Obama should be impeached. 

That's the best ya got?  Impeached????

It's long past time to tar, feather and hang the bastards IMO.

Every day for as long as I can remember, these bastards in Washington D.C. (whether they're R's or D's, it don't matter..) work to find new ways to make every day citizens like you and I criminals just so they can subdue the American population.

Don't believe me?  How about traffic camera's?  Cross that white line just a little at an intersection with one of those things here in Illinois and it's a minimum $250 ticket.

Just today, Chicago's Mayor Daley vowed to have a surveillance camera on every street corner in the city by 2016.

Then there's the Firearm's Owners ID cards here in the People's Socialist RepubliK of Illannoyed. If you don't have one and are caught with a gun in your home, you're a felon.  (Well, I guess I'm a felon since the State of Illinois is well past their 30 day renewal period for my FOID card, and I still have my guns!)  The State can break the law and fail to re-issue my card in a timely manner, and make me a FELON.  How's that for size?

We have a Secretary of the Treasury who doesn't pay his taxes, or pay them on time, along with a HHS candidate (Tiny Tommy Daschle) who had the same problem, but if you or I fail to file and pay on time, we're off to jail thanks to the thugocracy at the Internal Revenue Service.

Drive without insurance and get pulled over?  Guess what, you're off to jail.

And the list goes on, and on, and on.

Now these dirty filthy rotten SOB's have STOLEN not just my hard earned tax dollars, but those of my children and likely grandchildren (who I don't even HAVE any of yet) because the ASSHOLE in the White House decided that it was time for stealth reparations and legalized the THEFT of the money out of our pockets, bank accounts, investment accounts, the stock market, etc.. to pay for his economic screw-the-rest-of-us bill which does nothing more than transfer the money from our pockets to his "core constituency" and advances the Democrat/Socialist agenda.

E-FUCKING-NOUGH!!!

My frustration here isn't new with the Obama administration.  Far from it.  The Bush Administration expanded the hell out of welfare with 'free drugs for seniors" and other liberal/socialist programs, and so did the Clinton Administration.  My frustration runs long and deep against this Government.

When the bloody hell is the revolution?  I've had enough, people around me have had enough, people on here seem to have had enough, hell, even CNBC Commentator Rick Santelli has had enough!

When the bloody hell does the revolution actually start for crying out loud?!!!

And I mean a real revolution.  It's clear to most right-thinking, clear-headed people that the ballot box doesn't work anymore.  Our Founding Fathers have got to be spinning 300mph in their graves at what this country has become.  

Are we that soft as a nation that we no longer value our freedoms and want to fight for them?

On another thread yesterday, it was suggested that Iran has enough refined nuclear material to make a bomb, and that some terrorist organization (oh, say Al-Qaeda) could get their hands on it and bomb a major city in the US with it.

Many on that thread seemed to take some satisfaction in thinking that perhaps Al-Qaeda would bomb D.C. and our problems would be solved.

Why leave the job to Al-Qaeda?  Don't we as freedom loving red-blooded American's value our freedom enough to do the job ourselves?!  Why give a victory to Al-Qaeda for cleaning up that long-standing cesspool of a mess called Washington DC when we as American's have the God given RIGHT and DUTY by our Founding Fathers to take care of the problem ourselves?

When is the damn' revolution and when are the damn' sheeple going to wake the hell up?!

Obama Signs Presidential Determination Allowing Palestinians (Terrorists!) Loyal to Hamas to Resettle in United States

http://www.wizbangblog.com

President Barack Obama has signed an executive order presidential determination allowing hundreds of thousands of Palestinians to resettle in the United States. Sure, what can go wrong when we allow hundreds of thousands of people who have been, as Mark Steyn memorably described, "marinated" in a "sick death cult," who voted for Hamas, and 55% of whom support suicide bombings live here and at the American taxpayers' expense:

By executive order, President Barack Obama has ordered the expenditure of $20.3 million in migration assistance to the Palestinian refugees and conflict victims in Gaza.

The "presidential determination" which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States was signed on January 27 and appeared in the Federal Register on February 4.

President Obama's decision, according to the Register, was necessitated by "the urgent refugee and migration needs" of the "victims."

Few on Capitol Hill took note that the order provides a free ticket replete with housing and food allowances to individuals who have displayed their overwhelming support of the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.

Let's review some of Barack Obama's most recent actions since he was inaugurated a little more than two weeks ago:

* His first call to any head of state as president was to Mahmoud Abbas, leader of Fatah party in the Palestinian territory.

* His first one on one interview with any news organization was with Al Arabia television.

* He ordered Guantanamo Bay closed and all military trials of detainees halted.

* He ordered all overseas CIA interrogation centers closed.

* He withdrew all charges against the masterminds behind the USS Cole and 9/11.

* Today we learn that he is allowing hundreds of thousands of Palestinian refuges to move to and live in the US at American taxpayer expense.

Anyone else seeing a pattern here?

Obama Has Secret Plan To Bring Chicago Patronage Politics to Washington D.C.

Mother of U.S.S. Cole Victim: I voted for Obama, I Think I Made Wrong Decision - Video

Some things just speak for themselves.  Surely buyers remorse by Obama voters nationwide has been setting in.  This writer has seen and heard it. 

However there is no greater testimony of regret than from Diane McDaniels.  Our prayers go out to her and her family.

Obama Dropping Charges Against U.S.S. Cole Bombing Mastermind

Says Military Tribunal's are "illegal"

In a move that is sure to enrage the families of those lost on Sept. 11th 2001 and the U.S.S. Cole bombing on October 12th, 2000, Barack Hussein Obama has announced that he will order the Department of Defense's Military Commission to withdraw charges against U.S.S. Cole terrorist mastermind Abd al-Rahim al-Nashiri.  (How many damn' names do these terrorists have anyways??)

Navy Service Members Killed in U.S.S. Cole Bombings on October 12th, 2000

While the announcement has already been leaked, it will not be "official" until Obama meets with the families of victims of the 9-11 terrorist attacks and the U.S.S. Cole attack. 

Personally, this writer would love to be in the room when Obama talks to the families of the Sept. 11th 2001 terrorist attacks when he breaks this news to them.  If it were me, there would be no amount of Secret Service that could get between myself and Obama when I choke the living shit out of him for this bumbleheaded move.

Family Members of U.S.S. Cole Victims

Obama is about to cause all this controversy so he can politically grand-stand for the extremist left-wing nutjobs while simultaneously causing untold pain for the families of Sept. 11th and the U.S.S. Cole bombing because he's "concerned" about the legality of the military commissions setup under the Bush administration.

Yeah, right.  And I have a bridge in Brooklyn to sell you.

Surely Obama's muzzie friends in the Middle East are laughing their asses off at America's expense right now too.

This "President" is a bumbling fool.  Impeach his ass NOW before he completely ruins this country or worse yet, gets us all killed.

Never Forget.

FDR Was A Great Leader, But His Economic Plan Isn't One to Follow

By Amity Shlaes, Sunday, February 1, 2009; Page B01

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/30/AR2009013002760.html?hpid=opinionsbox1

One evening in the 1930s, a 13-year-old named William Troeller hanged himself from the transom of his bedroom in Greenpoint, Brooklyn.

William's father was laid up in Kings County Hospital awaiting surgery for an injury he'd suffered on the job at Brooklyn Edison. A federal jobs program was paying William's older brother Harold for temporary work. But the amount wasn't nearly enough to make ends meet. Gas and electricity to the family's apartment had been shut off for half a year. Harold told a New York Times reporter that both hunger and modesty had driven William to act. "He was reluctant about asking for food," read the headline in the paper.

The surprising part of this story is not that it happened; most Americans know that after the 1929 stock-market crash, hard times sometimes led to suicide. The surprising part is that William Troeller killed himself not in 1930, when Herbert Hoover was president, but in 1937, in Franklin D. Roosevelt's second term. The New Deal was almost five years old, but the economy was not back. In fact, the country seemed farther from recovery than before. A new sense of futility was overcoming Americans. The British magazine the Economist sneered that the United States "seemed to have forgotten, for the moment, how to grow."

The date matters, because our new president has made it clear that his model is Roosevelt. Barack Obama has spoken of creating 3 million jobs with his stimulus plan. As a new president in 1933, Roosevelt spoke of creating "one million jobs by October 1" through his spending packages. At about $850 billion, Obama's stimulus represents about 5.9 percent of gross domestic product. The spending programs of Roosevelt's National Recovery Administration amounted to almost precisely the same share. Then as now, the country was in what we might call an "illions" moment, when a nation contemplates federal spending of a magnitude previously unimaginable. The only difference is that today, we're discussing trillions instead of billions.

(Excerpted, click link above for full article.)

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Before FDR's "New Deal" became reality, unemployment in the 1920's was a low 5%, considered "full employment" by modern economic standards.  At the 'height' of the New Deal, unemployment approached 25%, meaning one of every four American's was out of work.

This is the economic model Barack Hussein Obama wants to follow?

Any economic recovery plan has to include stimulus for the Private Sector to pick up where government "stimulus" plans leave off.  That is to say, the Private Sector must create JOBS so that they are available when Government spending ends.  New Deal public spending achieved it's first goal of creating short-term jobs with limited economic activity during Roosevelt's first term, but did nothing to achieve its second goal to stimulate the private sector to create jobs in the Roosevelt's second term.  The "New Deal" ended up supplanting the economy instead of boosting it.  As a result, the Great Depression lasted a full five years longer than it should have, from 1929 to 1941 when America entered WWII, instead of 1929 through 1936.

The same flaw that existed in FDR's plan exists in Obama's plan.  There is limited to "stimulus" or tax-breaks for corporations to invent, create, produce and make jobs.  Instead, those who pay NO TAXES are given "refunds" in a demonstrably failed liberal attempt to stimulate the economy from the bottom up.  This approach has never worked.  Obama's plan relies solely on Government spending, creating 600,000 Government Jobs while providing no stimulus in the private sector until the out-years 2012 and beyond.  The majority of the Obama "stimulus" plan is nothing more than a pay-back to the failing Unions and a 1960's style "hippie spending revolution" to pay for programs that Liberals had long promised, but never "funded."

--Ed.

Obama Displayed Weakness in Arab TV Interview

Middle East Expert says Obama showed weakness during interivew on Al-Arabiya TV

http://www.onenewsnow.com/Security/Default.aspx?id=401788

President Obama granted his first formal television interview since being inaugurated to the Dubai-based Al-Arabiya cable network. The president reportedly granted the interview in order to reach out to Arab leaders who have been wary at best of U.S. efforts to broker a peace deal between Israel and the Palestinians.

Brigitte Gabriel is founder and president of ACT! for America and the author of They Must Be Stopped: Why We Must Defeat Radical Islam and How We Can Do It. She says the president conveyed a message that America is weak.

"The mistake that President Obama [made] is not only going on Al-Arabiya, but talking in a way that made the United States look bad by saying to them that America needs to listen instead of always dictating," says Gabriel.

The former broadcast journalist says that sends the "wrong message" to terrorists -- an element she contends truly hates America "no matter how nice we try to appear."
"This sends a message to the radical Islamists...that America is weak, [that] America does not want to fight [and] cannot fight; and [that] this is why we are going to them begging for them to like us."

Gabriel says it also was not wise for Mr. Obama to tell the Arab audience that his administration would press Israel to make hard choices, and that there are Israelis who "will be willing to make sacrifices if the time is appropriate and if there is serious partnership on the other side."

The Palestinians, says Gabriel, have never seriously wanted peace with the Jews.

After nearly three decades of severed ties, Obama said shortly after taking office this month that he is willing to extend a diplomatic hand to Tehran if the Islamic republic is ready to "unclench its fist".

In response, Iranian President Mahmoud Ahmadinejad launched a fresh tirade against the United States, demanding an apology for its "crimes" against Iran and saying he expected "deep and fundamental" change from Obama."

WEAKNESS IS PROVOCATIVE. Obama's telegraphing of US weakness, and unilateral surrender just encourages our enemies.

--Ed