Monday, August 20, 2012

The Obama economy—he owns it now, no more blame game

Obama economy

 

Until Obama came along, Bush was probably the all time big spender on social programs, not that it got him any love from the left.  But Obama long ago piled up bills enough for several presidencies.

Still, I can’t imagine George W. Bush whining and complaining and pouting like Obama has done for 4 years.

Monday Memories of the summer of 2012

From my son’s garden

Phil's jelly

JalapeƱo jelly

 

Phil's salsa

pints of salsa

And there’s more on the way.

Sunday, August 19, 2012

Hindsight is always 20-20

“On July 27, 2000, a first-term Congressman [Paul Ryan] from Wisconsin signed his name to the Housing Finance Regulatory Improvement Act. The 30-year-old legislator didn't have much company. Of 435 Members of the House, only 12 were willing to join Paul Ryan in sponsoring a bill to reduce the taxpayer risks at Fannie Mae and Freddie Mac.

Eight years later to the day, a federal bailout of the two mortgage giants was on its way to the desk of President George W. Bush. Almost $190 billion in taxpayer financing later, the toxic twins of the housing crisis maintain their massive role in mortgage finance.

On Friday, the U.S. Treasury said it is relieving the two government-sponsored enterprises of the requirement to pay regular dividends to taxpayers. Instead, the toxic twins will simply pass to the feds any profits they make. Fan and Fred's investment portfolios will also have to shrink more quickly, which is very good. But the deal suggests that they will continue to slap taxpayer-backed guarantees on mortgage bonds forever, or until there's a reformer in the White House.”.

Obama and Biden who were in the Senate in the mid-2000s did nothing, but later complain about the mess they inherited.  I looked through v.1 of the testimony in 2000 and see Maxine Waters was quite hostile to the idea of reforming or restricting F&F.

 

If only they had listened

The left is math challenged

“There's absolutely no use trying to explain to these crusaders for justice that Romney pays 13 percent because 1.) He reduces his taxable income with millions in charitable donations, and 2.) His income derives primarily from capital gains on investments, which are taxed at a lower rate than income from a paycheck.

Investment income gets a tax break because the government wants people to invest. Investment creates jobs, spurs development, expands the economy and ultimately reaps greater tax revenues.

When George W. Bush lowered the capital gains tax to its current 15 percent rate from 20 percent, revenue from the tax soared over the next three years and helped the nation avoid the severe economic downturns that easily could have followed the 9/11 terrorist attack, the Iraq War or Hurricane Katrina.”

From The Detroit News: http://www.detroitnews.com/article/20120819/OPINION03/208190307#ixzz2413So8vZ

I reduce my tax burden  because of charitable donations—although that’s not why I donate, and because I’m retired, some of my income comes from capital gains investments.  Should I have these “loopholes” but not rich guys like Romney and Obama and Buffett? How much do you want to hurt retirees by raising capital gains taxes?  How much more money do you want to chase out of the country?  I also have other loopholes that some poor people don’t have, like real estate taxes.  Some poor people don’t even have the opportunity to pay taxes so they can claim these deductions, but I’ll leave it to you to decide if that is fair.

Obama calls the bail out a success

because he expected the tax payers to lose much more. and he kept the unions happy.

“In a monthly report sent to Congress on Friday, the Obama administration boosted its forecast of expected losses by more than $3.3 billion to almost $25.1 billion, up from $21.7 billion in the last quarterly update.”
From The Detroit News: http://www.detroitnews.com/article/20120813/AUTO01/208130392#ixzz24123vaYe

Unfortunately, he’s so pleased with it he wants to continue buying up other industries.

Saturday, August 18, 2012

Fact checking the fact checkers

A biased "fact checker." Who knew?

People, especially conservatives, hate it when I use Snopes, but I’ve always found them (a husband and wife team) to be pretty accurate.  Not so all of them.   " . . . media fact checkers aren't going to be surprised by this, but Media Trackers, a nonpartisan watchdog, combed through the personal Twitter feed of PolitiFact Ohio writer Tom Feran and found he's a pretty vocal liberal. You can review the evidence here, but it turns out that he's not a fan of George W. Bush, refers to conservatives as "wingnuts" and "yahoos," and tweets out links to blog postings on the "The Cancer of Conservatism." On the other hand, Feran is an enthusiastic Obama supporter—"Go-bama!"—and supporter of Occupy Wall Street." Shocked. Not. [Weekly Standard Blog]

The Mustang, 1964 1/2

Down memory lane. As we drove to the near by Tri-Motor air museum today, on the way at a stop sign we admired an early Mustang lovingly restored and both agreed it was about the prettiest car ever (although not particularly comfortable) except for the 55-56 Chevy, to which I'm partial. Technically, there is no such car as a 1964 1/2, it was called that because it came out early, or late, I suppose depending on your viewpoint We began reminiscing about my brother's--I think it was red--a first year model. When babies started to arrive, it wasn't a good family car. Bet he wishes he had it now.


Tri-Motor Heritage Museum in Port Clinton

Today we visited the newly opened Ford Tri-Motor heritage museum near Port Clinton on Oak Lake Drive.  A very impressive building which speaks of history and risk, and not the fame of the architect. There are not many displays, yet, but I’m sure that will grow, and the Ford Tri-Motor being restored is in a number of large pieces.  While there we enjoyed an art show sponsored by the Greater Port Clinton Area Arts Council.  I bought a very nice small bowl in soft greens and blues, just perfect for the lake house from Colin Budd who summers on Catawba and winters in Oracle, AZ, and a note card from Julie Faetanini,  of Sandusky, which I’ll probably never use because it’s too nice.  Looking forward to the opening of the Tin Goose Diner which is in the building.

 http://www.colinbudd.com/page2.html

I can’t find any text to got with these photos, but they are interesting. http://www.putinbayphotos.com/TriMotor8407/TriMotor8407.htm

Job growth under Obama--the IRS

"When President Obama's Patient Protection and Affordable Care Act (PPACA, aka "Obamacare") goes fully into effect in 2014, the American people will only then begin to see the implications of its thorough government takeover of health care, in all its glory. But what they are not expecting is the massively expanded role of the Internal Revenue Service ("IRS") in our lives, as the IRS is the chief agency responsible for enforcing the Act."

The new face of healthcare

Friday, August 17, 2012

SPLC maps to hate

Which is a hate organization, one which maps to another organization on a "hate map" or one that follows the teachings of Jesus? If you support Southern Poverty Law Center, shame on you. It had FRC on a “hate map” as a destination where a security guard was shot this week by a guy carrying a bag of Chick-fil-A.  "Family Research Council (FRC) champions marriage and family as the foundation of civilization, the seedbed of virtue, and the wellspring of society. FRC shapes public debate and formulates public policy that values human life and upholds the institutions of marriage and the family. Believing that God is the author of life, liberty, and the family, FRC promotes the Judeo-Christian worldview as the basis for a just, free, and stable society."

The founder and 2 CEOs of SPLC make over $300,000 a year; the CEO of FRC earns $174,000.  Poverty pays well.

 

hate map

http://cnsnews.com/news/article/shooting-southern-poverty-law-center-put-family-research-council-hate-map

At a press conference on Thursday outside the FRC headquarters in downtown Washington, FRC President Perkins said, “I want to express my appreciation to the groups and organizations that we do not agree with on many public policy issues who have also expressed their outrage at what took place here yesterday. For that, I appreciate it. I appreciate them making those statements.”

“But I would ask them to go a step further and to join us in calling for an end to the reckless rhetoric that I believe led to yesterday’s incident that took place right behind me,” he said.

“And that does bring me to my final point,” said Perkins. “Let me be clear, that Floyd Corkins was responsible for firing the shot yesterday that wounded one of our colleagues and our friend Leo Johnson. But Corkins was given a license to shoot an unarmed man by organizations like the Southern Poverty Law Center that have been reckless in labeling organizations hate groups because they disagree with them on public policy.”

In case you believe in "fairness" ala Obama

Obama and his supporters don't think he's doing such a bad job. I checked Daniel the Librarian* from Alaska, and he's loving it, and never liked being a Catholic anyway. Didn't he want fair? Isn't that what Jesus is all about? Unemployment is up; income is down; food stamp recipients are up; poverty higher; college grads not doing any better than those who didn't go; debt is soaring pushing his legacy to future unborn generations, so, . . . more people with less, more people dependent. See how it's all leveling out? That's a statist's idea of fair.

*Librarians vote 223:1 Democrat to Republican (survey from 2004, but it probably hasn't changed), which could explain some unbalanced library collections.

David Barton and left wing hate non-profits

David Barton has educated thousands, maybe millions, about the contributions of the Founders, the role of the 3 branches of government, how LBJ took away rights of churches in the 60s and fought civil rights legislation in the 50s, and especially the stunning role of African Americans in our country's history--something few of us ever learned since much of it was done through the churches. But he's been labeled a right wing extremist hater for telling the truth. He's also educated people on who gave us Jim Crow and the KKK, something the Democrats try to hide. If you're contributing to SPLC, check out the salaries of their mostly white board and executives. Hate really pays well for leftist non-profits. http://freethoughtblogs.com/rodda/2012/05/28/southern-poverty-law-center-names-david-barton-as-a-radical-to-watch/

Remember when Fancy Nancy knew more than President Bush about peace in the middle east?

Remember when Nancy Pelosi tried to undermine (with other Democrats like Obama) President Bush with playing footsie with Syria's Assad? Yesterday Assad forces bombed a children's hospital. I think this makes them extremist Muslims instead of moderate Muslims--the moderates only bomb the infidels. The Sunni Muslims are the majority and the Alawite sect to which the family of President Bashar al-Assad belongs is the minority.

"House Speaker Nancy Pelosi challenged the White House on Middle East policy yesterday, meeting with Syria's leader and insisting "the road to Damascus is a road to peace." That brought a sharp attack from the Bush administration, which has rejected direct talks with Damascus until it changes its ways.

http://articles.boston.com/2007-04-05/news/29225817_1_syrian-security-officials-syrian-president-bashar-assad-mideast-crises

Clean energy in Michigan

When Gov. Granholm signed the Clean Renewable and Efficient Energy Act in 2008 there were 4,256 jobs in the state in "power and communications systems construction," which includes the jobs for wind and solar power construction. In 2011, that number had dropped to 3,728 jobs; about a 14 percent drop.

http://www.michigancapitolconfidential.com/17400

Thursday, August 16, 2012

Rahm


George Obama, Barack’s youngest brother

"George has a real life brother who just happens to be the president of the United States. (George Obama is the youngest of eight children sired by Barack Obama Sr.) George’s brother is a multimillionaire and the most powerful man in the world. Moreover, George’s brother has framed his re-election campaign around the “fair share” theme that we owe obligations to those who are less fortunate.

One of Obama’s favorite phrases comes right out of the Bible: “We are our brother’s keeper.” Yet he has not contributed a penny to help his own brother. And evidently George does not believe, even in times of emergency, that he can turn to his brother in the White House for help."

You see, George is a "conservative" living in Kenya and rejects the anti-colonialism espoused by his and Barack's father - so naturally, his wealthy brother, Barack Obama, has nothing to do with him.

"So much for spreading the wealth around."
Read more: http://www.foxnews.com/opinion/2012/08/16/how-became-george-obama-brother/

Trust and Obey—Doug

Obamacare what could go wrong

BO and Hillary

This would be the left's dream team. I'm guessing old Joe is suddenly going to decide he has health problems or wants to spend more time with the grandchildren. I just don't think a sex scandal would do it--it doesn't bother the Democrats, and just wouldn't be believable.

http://www.weeklystandard.com/blogs/today-day_650058.html

The housing boom

“Not only did Federal Reserve actions stoke the housing boom, but transcripts released by the Fed make it clear that they entirely missed the magnitude of the problem of the housing bubble and failed to anticipate the ensuing crisis. This occurred even with diligent and constant economic forecasting by scores of intelligent and well-intentioned Ph.D. economists, armed with all the computers and databases they could desire, and earnest discussions of the outlook by senior officials. “

http://www.aei.org/article/economics/financial-services/why-do-smart-people-make-big-financial-mistakes/

Our strongest allies. . . all . . .punching above their weight class

http://youtube.googleapis.com/v/erYpXzE9Pxs%26