President Clueless tells people if gas is too high, get a new car cuz it will take ‘years’ to ‘adjust’ prices aka ‘Let Them Eat Chevy Volts!’

Good Gawd. IOW Let them eat Volts!

Clearly he is pixxed and advisers are telling him no re-elct with $5 gas for you chump~and in his usual passive aggressive way, he is mad at US for being broke due to HIS asinine plan

And Barry doesn’t like when all his carefully dreamed up plans cause him aggravation.

Recall, he said in 07- ‘under my plan electricity rates will necessarily skyrocket’. Yeah electricity, heating oil, gasoline. And he hasn’t even gotten his cap and trade yet, imagine the future with another 4 years of this guy.

Mad Max anyone?

YahooNews and a better interpretation from ZeroHedge:

…”I’m just going to be honest with you. There’s not much we can do next week or two weeks from now,” the president told workers at a wind turbine plant (one operated by Spanish company Gamesa). “Gas prices? They’re going to still fluctuate until we can start making these broader changes, and that’s going to take a couple of years to have serious effect.

And we doubt Obama’s hard core union electorate will be happy at the following stab at Channel Stuffing Motors: “If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know,” Obama said laughingly.You might want to think about a trade-in.“…

…As to the core question, we were surprised Bill Dudley was not present at Obama’s side explaining how deluded complainers should just have a chilled glass of unleaded 98 Octane with their main course of deflationary iPad 2....

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April 6, 2011. Tags: , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, Popular Culture, Taxes, Unemployment Statistics, Wall St. Comments off.

ALERT the media! oh yeah, nevermind: AP reports 52% DISAPPROVE of TOTUS healthcare and 49% disapprove overall…

Update: More highlights from the poll courtesy of AHFF Geoff at AceHQ:

support oppose cong bills – 34 /49
hc bill must be bipartisan 79 yes/20  no (SEVENTY NINE??)
obama proceed w.o gop? NO – 66, YES – 28

60% IN FAVOR OF DOING NOTHING THIS YEAR!!!!!!!!!!!!!!
What do you think the President and Congress should do when they come back to Washington this fall? Do you think they should…
9/3/09-9/8/09
Keep working to pass a health care plan by the end of
the year 39
Scrap the current negotiations and start over from
scratch 42
Leave the health care system as it is now 18
Don’t know 1
Refused *
Based on: N=1,001

Here is Gibby this morning spinning madly, first TOTUS doesnt govern by polls, then he says the polls show the public wants a public plan, spin Gibby spin like Taz! BWAAAHAAA..Gibby says they want to be bipartisan and Drudge has up a headline that Boehner says TOTUS has not invited the GOP to parlay since April…GOP has put forward no less than three plans including HR 3400 and Wyden-Bennett…Baucus confirmed this morning that all 3 GOP members of his finance Cmte put forward suggestions to him before noon today…

That is the sound of the dam breaking….

The dam of propaganda and hype the MSM put up to pressure people into saying they approved of the abominable performance of Team TOTUS in handling the economy to date..

People can SEE their fellow country men and women and children at townhalls and tea parties. Now we ALL know that most of us ALL feel the same way..despite the heavy handed journOlist fog of Obamalove, and polling of ADULTS instead of likely VOTERS…

and Hey Media! we DISAPPROVE you intellectual elitists!!!

Get REAL Congress, get BACK TO WORK. CREATE OPPORTUNITY for the PRIVATE sector to CREATE JOBS!!!

Get OUT OF OUR WAY. Let Americans do what we do best, build and GROW…

Just get your high flying ideals out of our real world way of life!

Via ACE HQ:

AP, mind you, and it’s a poll of adults to boot.

52% disapprove of Obama’s handling of the economy, too. And…

A similar number disapprove of his handling of taxes, some of which may rise to help finance his health overhaul. And 56 percent dislike his handling of the budget deficit, which has skyrocketed under the costs of the financial bailouts and a recession that has caused sinking federal revenues….

.. Here’s the actual poll, again sent by AHFF Geoff. Lots of good eatin’ here.

On the economy, for example, 58% had approved of Obama’s handling back in April. That is now down to 44%….

GNR courtesy of Ildy87

September 9, 2009. Tags: , , , , , , , , , , , . Economy, Finance, Foreclosures, Healthcare, Housing, Labor Department, Obama Administration, Politics, Popular Culture, TARP, Taxes, Unemployment Statistics, Wall St. Comments off.

Stiglitz agrees with MiM ‘W’ economic forecast…

Hey let’s put on some Ritz MiM style, the grand chief poohbah high muckety mucks of the ivy league intelligentsia Feldstein, Stiglitz, Krugman, Gross you know their names…and they all loved them some Obama…Well now Stiglitz is the latest to go on record echoing MiM’s position which we took here on the blog lo these many moons ago…the flat L leading to the double dip….

CNBC:

Nobel laureate economist Joseph Stiglitz on Thursday gave a gloomy assessment of a rebound in the U.S. economy, saying he does not see a resurgence in the strong consumer spending that has been a key driver of growth.

poohbah…But Stiglitz said the U.S. economy faces the possibility of low economic growth over a long-term period or the possibility of a “double-dip” recession whereby a recovery is not sustained.

It is not possible to predict whether we have a malaise or a W (shaped growth pattern). But there is a significant chance of a W,” he said. “It is not as if the second dip is going to be as bad as the first dip,” he said. Instead, it could mean the economy rotates through a process of low growth followed by contraction.

“We are not seeing a recovery of sustained consumption,” in the United States, said Stiglitz, who said he has been consulted on an informal basis by the Obama Administration to talk about the major economic issues….

Gee I wonder why, ‘we are not seeing a recovery of SUSTAINED CONSUMPTION’?? Could it be because THE FRAKKIN IDIOTS IN DC ARE SCARING THE EVER LOVIN CRXP OUT OF WE CONSUMERS WITH THEIR HARE BRAINED SPENDING AND TAX PLANS??!! HMMMMNNN? Could be rabbit, could be!!! Is TOTUS doing bugs? Would I add this gigantic spending plan if the economy was about to collapse in a second leg down? You might TOTUS you might!

Have said it before, will say it again- What a bunch of maroons. For a group of the ‘Smartest People Evah’ they are awfully dense about how their ‘visionary changes’ impact real world consumers. Their pie in the sky ideas of de-industrializing the US and slowing population growth and greening everything and the greater good, cap and trade, change housing codes nationwide, pay cash for clunkers, take over car companies, then health care, they are really SHOCKED that 21 Century Americans do not want to go all ‘neo socialist Luddite’ with them…

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They can claim anything they want, but they pixxed away 800 billion in ways that do not help the consumer feel safe and spend, have jobs and spend, pay off some debt and spend. There is no THERE there in that spendulus. All it did was ADD to consumers low expectations and high deficit concerns. The S & P financials are headed for a second crash IMO, commercial RE is about to hit the FDIC in a wave of bank failures and the end of 2010-11 will see a tripling of the current residential foreclosure wave as we have discussed here before.

They are SOL in the 2010 elections, they simply don’t have the money to fix what they have done with the spent bullets of the spendulus and TARP bazooka, they are out of ammo, the FED is making noises that they are split on continued quantitative easing and MBS purchases. Bill Gross at PIMCO says they will have to stay loose and keep buying to keep rates low or send housing off the second cliff. This is precisely why Krugman was suddenly pro giant deficit and Gross is making noises about the end of stimulus being a problem.

News flash geniuses Americans will not support ANY MORE GIANT SPENDULUS bills. That ship sailed baby, and sunk. It was overloaded with ‘interest group’ payoffs…I heard an analyst on Caterpillar CAT today talking about how the spendulus was less than 3% infrastructure and CAT will not have a bump in 2010. Remember TOTUS in Elkhart and talking with CAT workers? How awful. And now Pete Stark D-outoftouch is talking about laying a tax on all Wall St stock transactions to pay for billions in what? You guessed it INFRASTRUCTURE. Fuggedaboudit.

Treasury is out talking up additional mortgage help for homeowners as they see all this coming, and yet in the face of all this Team TOTUS is STILL going to attempt a 1 trillion dollar health care bill? The Administration needs to find religion and go moderate or 2/3 of Congress can go home in 2010…

Young Frankenstein courtesy of cristiancd

Bugs Bunny courtesy of chrispdx

September 3, 2009. Tags: , , , , , , , , , , , , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Healthcare, Housing, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. 3 comments.

Most Counter-Productive Idea Evah?: AFL-CIO and Dems push for new tax on stock trades: 1/10% of each transaction

howtobeatthehicostlivingEvery time I think it is safe to go back into the water markets, the SOOPERGENIUSES in Congress or the WH come up with a new economy killing agenda item of some sort. Remember that 70s movie where they try to rob the moneyball in the mall? The way these guys are mucking up the markets that may be a better investment plan, we would have more clarity going forward than we would investing under this Administration…

And all the ideas seem to involve spending and taxing. Under the anti business atmosphere of Team TOTUS this sort of thing is flourishing. And why are the AFL-CIO floating new tax plans?

I have no idea how anyone who has ever opened an American history book or has even passing knowledge of the Depression can suggest these capital killing, investment slaying, consumer scaring ideas:

The Hill:

The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.

The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.

And they still DO NOT GET the link between over taxation and reduction of cash flow to the Treasury:

There is also a growing realization among Obama administration officials and lawmakers that tax increases may be necessary to curb the ballooning federal deficit.

No STOPPING SPENDING would curb the damned ballooning deficit you yahoos!

The idea of taxing financial transactions has gained some support on Capitol Hill and among senior government officials in London, a major foreign financial center.

In Congress, Rep. Peter DeFazio (D-Ore.), chairman of the Highways and Transit Transportation Subcommittee, has seized on the idea as a way to help pay for a new massive surface transportation reauthorization bill, estimated to cost $450 billion over six years.

We had a 780 Billion dollar stimulus and they want a new tax to fund highway projects because they pixxed all that money away without giving anything to infrastructure.

Instead of taxing all stock transactions, as the AFL-CIO has contemplated, DeFazio wants to focus on oil-based derivatives.

At the end of July, shortly before the House broke for the August recess, DeFazio introduced legislation that would impose a 0.2 percent transaction tax on crude oil futures contracts. The legislation would tax the options for oil futures (in other words, the premium paid to have the option to buy a futures contract) at 0.5 percent.

Oh goody they want to frak up the energy markets ahead of winter heating season too! We can all look forward to that when they get back!

Jamey Johnson courtesy of bowhunterml

August 31, 2009. Tags: , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. 3 comments.

Still the Same: TOTUS is a Spend and Tax Carter Democrat…

Not your Daddy’s moderate-Big Dawg-grow the pie-pro-business-Era of Big Govt is over-tax-cutting Democrat. This is your grandaddy’s ultraliberal-Carter-redistribute the pie-anti-business-Era of Big Govt has just begun-spend and tax Democrat.

The media lied the economy died.

The American people have read the writing on the wall and it is profane. If you look at virtually any polling TOTUS has lost the support of Indies. The Indies with whom Dems gained goodwill in the Big Dawg years. Pissed away on 70s era failed statist policies….

Rasmussen:

Just six percent (6%) of voters nationwide now expect their own taxes to go down during the Obama years. The latest Rasmussen Reports national telephone survey found that 42% expect their taxes to go up while 40% expect little change. Another 12% are not sure.

It gets even more clear that we have seen who Obama is and he is not the moderate Clinton like Democrat the media and the pundits and the ELITIST POLITICAL CLASS sold him as, IOW we got a pig in a poke, (without even lipstick):

Seventy percent (70%) of voters expect government spending to increase during the Obama years. That’s up from 54% when he was elected and 63% since Inauguration Day.

Only six percent (6%) expect the Obama administration to reduce government spending.

Seventy-one percent (71%) say the president’s policies have increased the size of the federal deficit.

Seventy-six percent (76%) believe it is at least somewhat likely that taxes will have to be raised on the middle class to cover the cost of health care reform, even though 54% think middle class tax cuts are more important than new spending on health care.

Other recent survey data shows that 76% now view the president as politically liberal. The number who consider Obama Very Liberal jumped from 28% just before he was elected to 48% today.

Now why would only 28* have viewed him as politically liberal just before he was elected?? We are looking at you journOlists….

We're gonna need a bigger graph.....

We're gonna need a bigger graph.....

Bob Seger courtesy of catrevolver

August 18, 2009. Tags: , , , , , , . Economy, Healthcare, Obama Administration, Politics, Popular Culture. Comments off.

TOTUS: Stranger in a Strange Land…

Seven months in and it is becoming more clear that the President does not ‘feel’ (for lack of a better word) as many mainstream Americans do, their Americanness. (Mainstream here defined as regular middle class Everyman, ie Joes and Ginas):

By Americanness, I mean what (and who) we believe we are and aspire to be and become,  individually and collectively, mostly individually,  in our great ‘collective cultural consciousness’. This includes what we expect in our ‘style’ of governance if you will, ie how the government interacts with us, the people.

As we have said here repeatedly, the sweeping mandate for changes, large and small, mostly large, across all spectrums of our society from the top down, that Team TOTUS imagines they were given, simply does not exist. The people have waited patiently through the love affair with the MSM for the Obama Administration to get grounded and begin to govern what they were given, not remake the government into its own image.

In polls (see here and especially here) and town halls (and in polls about townhalls!), a majority of Americans are demonstrating, loudly, that they want no more CHANGE writ large in Obama’s name for time immemorial across our economy or culture for the foreseeable future. This is not a race into history. You are already in the books, now you need to do the daily job.

Not the glorious landmark legislation, but the daily nitty gritty that keeps the wheels of the giant bureaucracy running (hint: it isn’t cash, it is hard work and the faith the American people put in you that gets it done)

Get back to business. The people’s business.

WSJ op:

…The president has a problem. For, despite a great election victory, Mr. Obama, it becomes ever clearer, knows little about Americans. He knows the crowds—he is at home with those. He is a stranger to the country’s heart and character.

He seems unable to grasp what runs counter to its nature. That Americans don’t take well, for instance, to bullying, especially of the moralizing kind, implicit in those speeches on health care for everybody. Neither do they wish to be taken where they don’t know they want to go and being told it’s good for them.

Who would have believed that this politician celebrated, above all, for his eloquence and capacity to connect with voters would end up as president proving so profoundly tone deaf? A great many people is the answer—the same who listened to those speeches of his during the campaign, searching for their meaning.

It took this battle over health care to reveal the bloom coming off this rose, but that was coming. It began with the spectacle of the president, impelled to go abroad to apologize for his nation—repeatedly. It is not, in the end, the demonstrators in those town-hall meetings or the agitations of his political enemies that Mr. Obama should fear. It is the judgment of those Americans who have been sitting quietly in their homes, listening to him.

Iron Maiden courtesy of maidenfreakk

Note: Not being a Presidential Historian I cannot say who, but there may well have been prior POTUS’ that had a more Eurocentric or ‘other’ ie nonAmerican worldview, however I note here that the discontent of the populace is IMO largely a nerve rubbed raw by countless apologies, perceived slights to our country and our countrymen by our Chief Executive and Commander of our Armed Services while abroad, and an insistence upon clinging, dare I say bitterly? lol, to a preconceived plan of how to remake America, despite a total change in circumstance, namely the economic collapse and subsequent run up in the deficit which frankly preclude these plans right now and for at least the next few years.

Americans know it, now TOTUS has to accept it. And his economic advisers need to tell him the deal. You can’t do all the big spending plans now, it has to wait, there is no money, yeah yeah it isn’t your fault, it happened before you, guess what? It isn’t our fault either. Shxt happens. It is what it is and what it is is NOT an all clear to rebuild Rome (in a day or a 4 year term). Just manage the provinces , keep the clean water flowing through the aquaducts and pave the great roads m’kay?

August 12, 2009. Tags: , , , , , , , , , , . Economy, Healthcare, Obama Administration, Politics, Popular Culture. Comments off.

Market Mover This Week: WH to release midyear update of FY’10 Budget Projections Friday 5:00pm…

They are going to try and bury the numbers.

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The Corner:

…tune in to your favorite media outlets around 5:00 p.m. on Friday, the preferred time for White Houses to release unpleasant news.

The mid-session update of the fiscal year 2010 budget projections, you see, is overdue. With federal tax revenues tanking and spending surging, budget watchers expect the news, whenever it is released, to be bad.

This is just my prediction, but what better time to release this information than late on a hot Friday afternoon in the middle of August? And you thought those town-hall meetings were hot now . . .

August 10, 2009. Tags: , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Wall St. 1 comment.

UPDATE: WH Issues Stmt…New Taxes on the Middle Class? Whatever it takes says Turbo Tax Timmeh…

Update: 8/3 1:34 pm EST: CNBC has statement from the WH: “would not make sense to raise taxes on middle class, the President’s commitment is pretty clear on that…” (no word on the commitment of Timmeh, Summers and China who is buying our debt as TOTUS spends…)

Gee maybe they should get the memo to Geithner and Summers then….maroons…particularly since Geithner just told China we would reduce the deficit…As we noted in our discussion of UE extension this morning:

Larry Summers and Tim Geithner were chattering about MIDDLE CLASS TAX HIKES, ‘well the money has to come from somewhere for health reform’ Summers says...

…Rather, Mr. Summers told CBS News’s “Face the Nation” that key to controlling the deficit were elements of the Obama economic program, “the first and more important” one being “substantial reform of the health-care system.” But he said the proposed health overhaul needs funding from somewhere…”

One more time, we CANNOT spend like this without raising taxes. SO STOP SPENDING CRITTERS! We CANNOT afford the health care bill now…or cap and trade…or rainbow unity ponies and kickbacks for all and sundry…stop spending..

Original post after the break:

(more…)

August 2, 2009. Tags: , , , , , , , , . Finance, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. 2 comments.

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