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Editor, Index-Tribune:
Wow, are things improving!
We have 400,000 more lost jobs last month, the President just gave the Taliban a work schedule to plan from, he opened up our strategic oil reserve to get fuel prices down as his solution to the economy tanking.
No job growth, continued unemployment, pressure for tax hikes and the news that they don't see any changes for the next 18 months.
What do we use to replace the strategic oil reserve? Can't drill, can't run pipelines, can't dig up oil shale ... just make the country weaker.
The stimulus was a dud, they want to do it again and they want to raise the debt ceiling so they can print more money.
Yes, as I predicted last year, the left wants financial collapse and chaos. I bet many of you didn't know that they put a 12 percent tax on buying gold in the health care bull, I mean bill, so they'd be able to track it down when they decide they need it.
Why don't they include the cost of food and gas in inflation numbers? Probably for the same reason they don't count people who have run out of unemployment, or stop looking, in the unemployment numbers.
Since everyone says what a brilliant guy Obama is, he can't be so stupid no to get it, so he and his cronies are doing this to us intentionally. Meet with the heads of industry and ignore what they say, meet with his generals and ignore what they say.
It must be really something to be able to play 78 rounds of golf in two years, fly all over the world on vacations and actually do nothing, and still have a job. Wow, he must be really smart after all!
Peter Maushardt
Sonoma
Please note: Your full name will be published with your comment.
Even smarter was the previous guy who spent less than 6 of his 8 year tenure actually at his job. And everyone thinks W was a dummie.
The stimulus was a 'dud'????? who's stupid idea was that? Your claim of a 'prediction' is more than disingenuous since we were already in financial collapse well before '09. You're about as smart as one of Obama's gold balls, find a hole.
We have exactly the government we deserve, bankrupt and unbridled by any meaningful Constitutional restraint.
Peter, you said: “Yes, as I predicted last year, the left wants financial collapse and chaos.”
That’s very interesting, since the recession we are in currently began around November 2007.
Yes, Phineas is right “We have exactly the government we deserve, bankrupt and unbridled by any meaningful Constitutional restraint.”
Tea Party Republicans, by choosing not to increase the debt ceiling August 2nd, are going to bankrupt us through their unbridled determination not to follow the Constitution.
The 14th Amendment to the Constitution, Section 4, clearly states: “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
Tom, public debt is monetized as modeled on Hamilton's first national bank and emulated in today's relationship between the Federal Reserve and Treasury. The feedback mechanism of failure will not be default or bankruptcy per se, it will be the numerous consequences of inflation that will become more acute as the dollar continues to lose the status of world reserve currency with the continued breakdown of Bretton Woods.
Deficits are simply taxes on future production, and who better to tax than those unrepresented future earners and the unborn. Both parties play that game quite well.
Eventually, the bill comes due. History is filled with failed governments that can't control their spending.
Nice try trying to justify reckless government spending on an amendment passed with numerous state governments still occupied by Federal forces during reconstruction.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. ... Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”
Senator Barack H. Obama, 2006