Entries in the Category "Obama"
Obama reduces ability to donate to charity
This is one thing that is not getting nearly enough attention. Barack Obama has proposed to reduce the amount people making over $250,000 can donate to charity as a tax deduction. This is a terrible thing for this country. Now Obama is saying that he should get to decide where people's money goes rather than the people who have it. He points out that this is for only people making >$250k... but think about it... who donates the most money? RICH PEOPLE. This is just another fine example that Obama has absolutely no idea what he is doing.
Obama’s Housing Stimulus Delays Inevitable
Barack Obama’s Housing Stimulus is great in the short term. However, what is the long term impact of the housing stimulus? His housing stimulus will stimulate the housing sector. That is certain. Anyone who is thinking about buying their first home will do so between now and November 30th of this year. Who would want to pass up a “free” $8000 credit to buy a home along with low interest rates?
The long term of this will be as follows. The problem with our housing market was that it was overinflated. The prices have been coming down to earth the last several months. The market is searching for an equilibrium point on housing prices. Messing with that process will cause a lot of problems. This plan will have several negative effects from various sources.
Increase in demand in the short term:
1) It doesn’t take a genius to see that if you increase demand, the prices go up. You will see the home prices become overinflated once again.
Decrease in demand at the end of the year:
1) All this is doing is moving the housing crash to next year. Once the housing incentive is gone, the demand will drop like a rock. Just as they did this year, the housing prices will come back down to earth. Rinse, repeat anyone?
Obama claimed to understand the concept that a short term reduction in costs is a bad thing when he stood up against Hillary’s gas tax vacation. This proved to be a false understanding, since he is proposing a similar temporary cost reduction in a different market. If he wants to move part of the recession to 2010… that only means it will help him lose seats in Congress.
Obama takes on Bush economic policies
CHANGE! HOPE!
More like "BUSH!" and "Deja vu all over again!"
George Bush helped to send us into a deeper recession by teaming up with his liberal buddies in congress and passing "stimulus packages" and "bailouts." He also allowed the mandates on banks from previous presidents to force banks to give out loans to people that shouldn't get them under the veil of "discrimination." They have clearly made things worse. C'mon Obama... I thought you were going to get away from the fail policies of the Bush administration. I see you passing more stimulus and more bailouts. I vote that Obama reads his history books. He is repeating the mistakes of George Bush. He is also repeating the mistakes of Japan in their lost decade.
House chair admits no one had time to read the stimulus
Amanda Carpenter of townhall found this crazy video. The democrats are actually admitting that no one could have read this bill. They released it around midnight... and voting on it less than 24 hours later.
I can get frustrated when things don't go my way. This is over the line. Whether I agree with this or not.. you don't pass an 800 billion dollar bill without reading it! You don't pass any bill without reading it! Are you telling me that in a 1000+ page document... there aren't any surprises?
The dems passed a bill saying that there must be a 48 hour wait period... they are breaking their own law... This is disgusting and a disgrace to this great nation.
Here is her article:
Check out this inquiry Rep. Tom Price made on the House floor today. He's basically complaining no one has had time to read the stimulus bill and questioning procedure since members ARE, at least in theory, supposed to read legislation before voting on it.PRICE: “It is my understanding then it is the ruling of the chair, the ruling of the speaker after having this bill made available to the members of the House after 11 or 12 o’clock last night, over 1,000 pages, it’s the ruling of the Speaker this is to have been considered read even though it is physically impossible for any member to have read this?"
CHAIR:“That is correct.”
Vote on 800 billion dollar bill without reading it? Sure... why not.
Can you believe this!? They are going to vote on this 1,071 page "stimulus" bill without reading it. They have yet to release the full bill. They plan on voting it today. One democratic senator is saying:
“No, I don’t think anyone will have the chance to [read the entire bill],” Lautenberg told CNSNews.com.
We are talking about 800 billion dollars. According to Obama... this could make or break this country. This is one of the biggest bills in the history of the country and the congressmen don't get a chance to read it!? This is an absolute outrage. Change? You bet. Now we don't even have to read bills before voting on them.
Democrat bipartisanship? I don't think so
Change!
Hope!
Post-partisan politics!
Transparency!
Those are all things said by the great Barack Obama. However, we have found out that they are not reality.
He said that he would post every bill on a website for 48 hours before it is signed into law. He has already broken this once, and he's about to break it again with an 800 billion dollar stimulus plan.
The one thing that he really stressed in his campaign is bipartisanship. This was something many senators preached as well. Now the election is over and they are in control. There is no bipartisanship. Their process for making this 800 billion dollar bill was to draft a bill without any republicans even present. This was also done behind closed doors. They brought it onto the congressional floors... and plucked just enough GOP senators away to pass it. How do they reconcile the difference between the Senate and House bill? The democrats met behind closed doors without Republicans even present. But at least they're going to post the bill for 48 hours... nope... they're not doing that either. Now they are poised to pass this bill today. The text of the bill has not even been released to the public yet. Now we see their true colors. They are working on their own. Barack Obama has repeatedly said things like "Well... I won." This is not bipartisan politics. This is partisan politics on a scale we have never before seen in this country.
Dow down 2000 pts since Obama elected
The stock market looks to the future. Even as Obama gets his special interest gift package... even as Obama pumps 2 trillion dollars into the banks... the investors see the future as bleak. The private sector does not believe in Obama. I hope I'm wrong... but I think we're in for a long bumpy ride.
Obama breaks transparency campaign promise ALREADY!
Obama has already broken one of his campaign promises. He says:
End the Practice of Writing Legislation Behind Closed Doors:
As president, Barack Obama will restore the American people's trust in their government by making government more open and transparent. Obama will work to reform congressional rules to require all legislative sessions, including committee mark-ups and conference committees, to be conducted in public. By making these practices public, the American people will be able to hold their leaders accountable for wasteful spending and lawmakers won't be able to slip favors for lobbyists into bills at the last minute.
Obama is going off the deep end. I was taking his presidency with an open mind. He has convinced me that he is exactly what I feared, a socialist radical. He is everything that I said he would be and then some. He is nowhere near the "post partisan" candidate that he said he was. Barack Obama is nothing more than a socialist radical in the worst way.