Government Incompetence

Joe Biden: ‘We Have to Go Spend Money to Keep From Going Bankrupt’

It’s confirmed, we have lunatics in charge of the country. This is a disgrace! America, WE TOLD YOU SO!
CNSNews.com | Penny Starr | July 16, 2009

Vice President Joe Biden told people attending an AARP town hall meeting that unless the Democrat-supported health care plan becomes law the nation will go bankrupt and that the only way to avoid that fate is for the government to spend more money.

“And folks look, AARP knows and the people working here today know, the president knows, and I know, that the status quo is simply not acceptable,” Biden said at the event on Thursday in Alexandria, Va. “It’s totally unacceptable. And it’s completely unsustainable. Even if we wanted to keep it the way we have it. It can’t do it financially.”

“We’re going to go bankrupt as a nation,” Biden said. [Read more…]

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Democrats’ Socialized Health Care Plan Threatening America

Investor’s Business Daily | July 14, 2009

Socialized health-care is being rammed down the throats of the American people. Leftist schemes that have been a dismal failure under communist and socialist countries are now here!

The legislation includes big tax surcharges on the rich, a public plan and fines on employers that fail to provide coverage and individuals that don’t get it. Hoping to regain momentum after several stumbles, top House Democrats insist that they’ll move before the August recess.

The bill’s coverage provisions will cost $1.042 trillion over 10 years, according to a preliminary Congressional Budget Office analysis. Virtually all would come in the last seven years.

With voters’ deficit fears growing almost as fast as America’s red ink, Democrats have scrambled to pay for reform’s huge costs. [Read more…]

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The Economy Is Even Worse Than You Think

Things are getting worse by the day, yet Obama and the communist Democrats are refusing to face reality and do what’s necessary to help businesses and the US economy.
Wall Street Journal | Mortimer Zuckerman | July 14, 2009

The recent unemployment numbers have undermined confidence that we might be nearing the bottom of the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad.

The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion. [Read more…]

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What’s This? Praise for Malaise?

American Thinker | Ken Blackwell | July 14, 2009

Recently, some misguided Republicans caucused and advised us all to “get over our nostalgia for Ronald Reagan.” Is that what they think it is? With such confusion all around, it’s no wonder that some liberals are poised to bring back Jimmy Carter’s “malaise.”

No kidding. This past weekend, the Washington Post’s Carlos Lozada favored us with a long book review in the paper’s Outlook section. Lozada finds much to praise in Prof. Kevin Mattson’s new book, What the Heck Are You Up To, Mr. President? It’s a lengthy study of President Jimmy Carter’s famous-or infamous-speech of July 15, 1979. That’s the address to the nation that came to be characterized as “the Malaise Speech” [Read more…]

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Stop The Madness That’s Killing Jobs

Investor’s Business Daily | July 2, 2009

Stimulus: More grim news — 467,000 jobs lost in June, with unemployment hitting a 26-year high of 9.5%. Some people are rightly starting to wonder: Where’s that stimulus we were promised?

The stock market’s reaction on Thursday said it all — with the major indexes plunging 2.4% to 2.9% on the news of a continued job hemorrhage. Despite some economic green shoots here and there, no one’s sure when jobs will start growing again. [Read more…]

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The Audacity of Conceit

American Thinker | Victor Volsky | July 10, 2009

Intelligent idiots, smart fools, multi-degreed morons – lots of monikers could describe a category of individuals dismayingly prominent in the ruling elites of the West. They are the people so divorced from reality, so engrossed in bookish pursuits that – for all their undoubted intellectual accomplishments and often as a direct consequence thereof – they invariably end up with egg on their faces whenever they try to engage in practical activities. [Read more…]

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California’s Nightmare Will Kill Obamanomics

Bloomberg | Kevin Hassett | July 6, 2009

With California mired in a budget crisis, largely the result of a political impasse that makes spending cuts and tax increases impossible, Controller John Chiang said the state planned to issue $3.3 billion in IOU’s in July alone. Instead of cash, those who do business with California will get slips of paper.

The California morass has Democrats in Washington trembling. The reason is simple. If Obama’s health-care plan passes, then we may well end up paying for it with federal slips of paper worth less than California’s. Obama has bet everything on passing health care this year. The publicity surrounding the California debt fiasco almost assures his resounding defeat. [Read more…]

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A Plan to Hurt You

FrontPageMag | Floyd and Mary Beth Brown | June 26, 2009

Imagine waiting for a year to have cancer surgery while the malignancy spreads – and then be told, “Sorry. You waited too long. Go home and die.” It happens in Britain and Canada because they have socialized medicine.

Now imagine a federal bureaucrat possessing the power to choose your doctor, tell doctors what treatments they can prescribe and which tests they can run. They decide at what age you are no longer eligible to undergo dialysis or receive an organ transplant or a CAT scan, even treatments as simple as antibiotics. [Read more…]

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Obama Tells American Businesses to Drop Dead

Bloomberg.com | Kevin Hassett | June 8, 2009

I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.

Once that happens, their new pay czar Kenneth Feinberg can set the wage for everybody and Rahm Emanuel can stack the boards of all of our companies with his political cronies. [Read more…]

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Revisiting Hayek

American Thinker | Andrew Foy & Brenton Stransky | May 25, 2009

To many who have watched the transition from socialism to fascism at close quarters the connection between the two systems has become increasingly obvious, but in the (Western) democracies the majority of people still believe that socialism and freedom can be combined. They do not realize that democratic socialism, the great utopia of the last few generations, is not only unachievable, but that to strive for it produces something utterly different – the very destruction of freedom itself. As has been aptly said: ‘What has always made the state a hell on earth has been precisely that man has tried to make it his heaven.’ – F.A. Hayek, The Road to Serfdom [Read more…]

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