Obama’s Fiscal Cliff Proposal: $1.6 Trillion In Tax Hikes, $50 Billion In Stimulus Spending, Obama Can Raise Debt Limit Without Congressional Approval…
OOps…. srroy AbOuT…. T.haT… BaNgInG HeAd on KeYbOaRd…
The president says raising tax rates would help solve our long-term debt problem, but it’s hard to take this argument seriously, for two reasons. (more…)
The bankruptcy judge listened to Hostess request for liquidation of assets but noted a technical aspect. The Union never entered any mediation – they just went on strike. Thinking the average rank and file union member might have a divergent opinion now they they realize the company will indeed liquidate, the Judge says give mediation a try now, thinking the union will pressure the leadership to change opinion.
TWINKIE PRIDE – Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won’t go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
The bankruptcy judge hearing the case says that the parties haven’t gone through the critical step of mediation and asked the lawyer for the bakery’s union to ask his client, who wasn’t present, if he would agree to participate. (more…)
CBS hid the fact that Dear Leader denied Terrorists attacked the compound in Benghazi…. The media hid the fact that our nation was dropped from the Global Prosperity rankings.…. The Administration also hid the fact that a U.S. Drone came under attack from Iran before the election….. So hush, hush, nudge, nudge, wink, wink…. Better keep this a secret too. Mmmkay?
The election is over, and now the economic future can be predicted with increased certainty; Hence, decisions can be made. So yesterday…… Energizer laying off 1,500 employees now. Boeing announcing massive defense sector layoffs. Pepsi Co announces it is laying off 4,000 employees ASAP.
Forty Five Private Sector CEO’s are now first up to announce their plans – number crunching mode – post-election: (more…)
Harry Reid says he will raise the debt limit ceiling to just under $19 trillion.
(CNSNews.com) – Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 trillion current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”
That would set the debt limit at $18.794 trillion. (article)
In the Fall of 2008 a strategic decision was made by House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, and then Senator Barack Obama. There would be no fiscal year 2009 budget, instead they opted specifically and intentionally to use “Continuing Resolutions” to fund government. (more…)
In November 2010, during the “lame duck” legislative session post-election, I took considerable heat via mocking and ridicule for a fundamentally abhorrent position to Republicans. I said then: “give President Obama everything he wants” !
Which included:
Because this was the 2010 “rebuke” election where President Obama had just been delivered a “shellacking” by the conservative takeover of the House of Representatives, many people openly ridiculed me as ‘out-of-my-mind’. (more…)
[W]hile speaking of trade, the talk turned once again to domestic issues such as education and jobs, with Obama accusing Romney of supporting companies that shipped jobs overseas.
Romney shot back with, “I’m a son of Detroit. I was born in Detroit. My dad was head of a car company. I like American cars. And I would do nothing to hurt the US auto industry.” The candidates got into a verbal sparring match over whether Romney had called for a managed bankruptcy in Detroit or not, with Obama saying, “Let’s check the record” [he was specifically referring to this op-ed]. (more…)
Last week we shared with you an unreported “cut” in the contoversial 47% Romney video (Contrived Controversy) that was initially denied by Mother Jones and David Corn. People familiar with media manipulation knew that something existed within the “Cut Out” portion of the video/audio that the progressive media DID NOT want people to hear.
As expected, there was more within the context of the 47%. Mitt Romney was expanding on the tax revenue concerns and the economic impacts from tax policy combined with federal “Monetary Policy.” Here is the audio they did not want you to hear.
Romney knows exactly what is wrong and he describes it in a simple and understandable way. It’s not complicated; it’s just that the ruling class doesn’t want plain talk about serious problems with the Federal Reserve.
No wonder they didn’t play the whole statement.
That’s what Democrats have to make Bumper Stickers – I hate fibbers liars !
(IBD) The Obama camp can’t stop clucking about how he saved GM and the car industry. But if the GM bailout is such a success story, why can’t it pay back its debt to taxpayers?
The president’s new campaign video narrated by actor Tom Hanks claims GM has “repaid” its loans. But in a revelation by the special inspector general monitoring the TARP bailout program, GM and GMAC together still owe the biggest share of the remaining $119 billion TARP debt.
Of the top bailout recipients, GM is the biggest laggard, the TARP watchdog says in his latest quarterly report to Congress. Bank of America, Citigroup, Chrysler and Chrysler Financial all have paid off their debt and left the TARP program. Even AIG has paid back more than 75% of what it owes taxpayers.
GM, on the other hand, still owes more than half the $50 billion in federal funds it received when the combination of the recession and its costly union contracts drove it into bankruptcy. And its lending arm, GMAC (now Ally Financial), still owes $14.5 billion. (more…)