Well it was a big week in politics with budget deals and rumors of budget deals and two landmark speeches by Obama.
We discovered once again, as Lincoln once said of a contemporary, that Obama can squeeze the smallest idea into the greatest number of words of anyone who has ever been president.
We also learned that when things get really tough and leadership is called for, Obama takes his cues from Hillary, just like the 3AM video from Saturday Night Live said he would- although they meant it as a joke at the time.
I love it when comedy and life collide to create truth: See “What do I do Hillary? What do I do?” at the 1:19 mark.
So, I’ll not detain you. Here’s email, hate mail and comments from readers:
“How do you expect [Obama] to do anything with the newly elected puppet of big oil republican congress? Internal combustion engines were obsolete 50 years ago but the scumbag power elite keep it going to maintain obscene fortunes on the backs of the entire human race.” –Kevin, in response to Obama Builds Pipeline to Nowhere
That doesn’t explain the first two years, when Obama accomplished nothing. He bragged he’d put one million 150 mpg hybrids on the road in six years. He hasn’t even put one.
Obama just needs to go back to his puppet masters and have them smash the big oil scumbag power elite so that we can all start driving the Chevy Dolt. They probably haven’t given Obama permission yet to do it because they have to cash out of their oil stocks first.
“Wind and Solar are a joke, energy wise it is a waste of time. Take away the subsidies and there is no life. Doesn't that mean something? The 'free' market is not interested.” – Al, in response to Full-Throttle Drill, Drill, Drill
As Ed McMahon said: You are correct, sir. Of the roughly $250 billion spent on renewable energy last year, only about $8 billion came from private equity or venture capital. The rest came from governments.
When you look at research for publicly traded solar power companies they firstly talk about the level of subsidies a respective government is giving to renewable power. Without those subsidies, no one would be using solar or wind.
“What I would like to learn, is who in the hell reelected this "jewel" [Harry Reid], in spite of all what is said about NEVADA's situation, both unemployment and schools?” – Jacob, in response to To Reid, Democrats, Tea Tastes Bitter
Poker dealers, cocktail waitresses, Keno girls all lined up on orders of SEIU and got free orange juice and cookies to vote for Reid. Buses stopped by casinos on the strip and took them to vote during working hours. Reid was a gaming commissioner in Nevada at a time when the city of Las Vegas was more mobbed up than now. He still enjoys a great deal of influence.
“The primary cause of the subprime mortgage meltdown was Federal Housing policies to promote home ownership for minorities under both the Clinton AND Bush administrations. How did one Congressman out of 435 and one Senator out of 100 cause the subprime mortgage meltdown?” – Royal Palm Ballroom, in response to Barney Frank: Too Big To Be Wrong
Dear Royal Palm,
Frank pushed for those policies to promote home ownership at the same time he had a relationship with the official at Fannie Mae responsible for crafting the policies, Herb Moses. It essentially forced banks to loan more money on less assets, called leverage.
Here’s what the Financial Crisis Commission said about it:
“The kings of leverage were Fannie Mae and Freddie Mac, the two behemoth government-sponsored enterprises (GSEs). For example, by the end of 2007, Fannie’s and Freddie’s combined leverage ratio, including loans they owned and guaranteed, stood at 75 to 1.”
By 2008, Fannie Mae and Freddie Mac owned about half the mortgages in the country.
“The Reagan mythmakers give credit for the financial turnaround of the 1980's and beyond almost exclusively to his one major tax cut, in 1981; bypass the impact of the long-term business cycle, and the steep global drop in oil prices; and ignore the fact the economy actually performed better during the 1990's and the unmythologized presidency of Bill Clinton.”- Jenny, in response to Reaganomics Key to Growth Then, Now
Oil prices came down because Reagan lifted price controls and got rid of some taxes on oil. There was a reason once again to produce oil. His tax cuts were substantial too. They accounted for about 1.9 percent of personal income but still actually increased tax revenues.
The Congressional Joint Economic Council wrote, “The economic benefits of [the Reagan Tax cuts] were summarized by President Clinton's Council of Economic Advisers in 1994: ‘It is undeniable that the sharp reduction in taxes in the early 1980s was a strong impetus to economic growth.’"
“The problem with the liberal/progressive movement is when they can't put forth a valid argument for one of their corrupt schemes they fall back on "default redundancy". When repeating the same old argument, louder each time, doesn't work, they censor the truth.”- DirtyDaveyDownEast, in response to Democrats Finally Declare War...on Press
Yes. It’s disappointing. But that’s the same problem secular materialists always have. They think they have the key to truth. It doesn’t matter to them that experience shows that the things they propose don’t work. They only have to get people to think it works. That’s what moral relativism is all about. Truth is always just a point of view to them anyway.
That’s all folks. See you next week!