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Posts Tagged ‘recession’

A relatively minor program captured the headlines over this past week end and promises to continue to arouse partisan political passion through this week until the final disposition of the ” cash for clunkers ” program is determined.  The White House is very much in favor of continuing the program which has burned through the initial one billion dollars that was allocated to the automobile purchasing stimulus.

The program provides for a $4,500. trade in on older automobiles. The program was so well received by consumers that the program quickly ran out of money. Last week the House quickly approved an additional two billion dollars for the program and the Senate is debating the issue this week prior to the beginning of the August recess.

With an economy in recession and the majority of voters  deciding  that the stimulus plan provided by Barack Obama under the guise of  the American Recovery Act has been a dismal failure,  it is no wonder that the White House is promoting the “success” of “cash for clunkers”. It is most likely the Senate will pass an appropriation to continue this program since the auto industry is a Government preferred industry as demonstrated by the bail outs provided by both the Bush and Obama administrations.

Ceo4aday believes that programs that stimulate the purchase of durable goods are welcome and truly provide a stimulus to the economy but do not believe they should be discriminatory. We have long advocated a program that is not discriminatory that would put dollars in the hands of consumers through a federal voucher with an expiration date that would expire within a specific period of time. The program  would consist of a spend it or lose it clause and the monies distributed to tax payers should be allocated on a proportionate basis per actual taxes paid.

Funds from the American Recovery Act could be reallocated from their current entitlement and union subsidization program to fund real stimulus. Under this plan all tax payers would receive in effect a rebate on prior taxes paid which would provide an economic stimulus across all sectors of the economy as opposed to being sector specific like “cash for clunkers”. It would also be class inclusive as opposed to previous attempts at consumer stimulus that omit those at the top rungs of the economy.

We recognize that the likelihood of reallocating funds from the American Recovery Act and converting them to real stimulus dollars is unlikely. The Obama administration and the members of Congress that rushed through this partisan $787 Billion bill during the first weeks of the new progressive administration would be reluctant to alter its current structure in any way that would divert funds away from the numerous liberal programs that were included in the bill to satisfy the various special interest groups of the left.

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According to the Rasmussen Daily tracking Poll, for the first time since Barack Obama assumed the Office of the President, more Americans that are likely voters disapprove  than currently approve of the President’s performance.

The president has been in a campaign mode since his inauguration, as he rushed a stimulus bill through Congress, that is increasingly perceived as reckless legislation, continues to promote a cap and trade tax and is attempting to burden Americans with a government controlled health care plan.

In addition, he has taken the campaign Global as he completed apology tours through out Europe, Latin America and the Middle East. Most recently he has created a political controversy by wading into the deep waters of racial politics by weighing in on the arrest of his ‘friend” Skip Gates a Harvard Professor by a Cambridge Police Sergeant. Gates decided that the officer was being racist and Obama referred to the actions by the Cambridge police as “stupidly”.

The public  have been inundated with Obama in the  media and may now be withdrawing from the Obama euphoria created by the media as they hold the President accountable for governing as opposed to campaigning. This President’s lack of experience did not serve as an editor over his ego and as such Obama launchedan aggressive progressive agenda with a blitz on Congress and the electorate not seen since the Battle of Britain. The blitz has failed and the polls are reflecting the desire by the public for the President to veeraway from his progressive agenda and his path to socialism. As has been the historical tendency in this nation Americans expect the President to move toward the center and govern accordingly.

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Harry Reid, the Senate Majority Leader announced this week that the Senate would delay any action on a health care reform bill until after the August Congressional recess. The delay in Senate action has been caused by an inability to develop an acceptable compromise between liberal Democrats, willing to agree to any bill promoted by the Obama administration and moderate Democrats and Republicans who are unwilling to agree to a government take over of health care that will increase the federal deficit, lessen the quality of health care and increase the burden on American tax payers.

Delaying the process in the Senate will most likely cause a delay in the House which following the August recess may lead to the ultimate death of health care reform as elected officials hear an increasing roar from a public that has become disenchanted with the idea of placing their health care in the hands of an administration that is increasingly being perceived as being less than forthcoming with the real costs of health care reform as well as the quality of service to expect from a government mandated program.

Barack Obama is keen on stating that he is enacting the change that Americans want. He is correct that Americans voted for change when they elected him President last November but the change that this President has brought to date and the changes he continues to propose are reflective of a classic political bait and switch. President Barack Obama has failed to deliver on the promise of candidate Barack Obama. This should hardly come as a surprise given the President’s thin resume of leadership. Other than his campaign Obama had never had any management experience.

Six months into office and obama’s inexperience weighs like a wet blanket upon an economy that is struggling to heat up. His self promoted and much touted stimulus plan, the American Recovery and Reinvestment Plan of 2009, has proved to be the debacle that opponents of the bill had opined that it would be when the partisan bill was rushed through Congress with out being read and was subsequently signed by the President who had promoted the bill as a job savings and creation bill. The President’s pronouncements on the bill have under gone some ‘recalibration’ as the President and his administration now refer to the stimulus as having a longer term arc than would be expected with the urgent passage of a stimulus bill.

In retrospect the Obama administration will have proved to have miscalculated American’s tolerance for the political sleight of hand that is the stimulus package. The proposed take over of the Health Care industry by Obama in addition to the energy and safe climate act that narrowly passed the House is making Americans uncomfortable and testing their patience with this administration during a period of rising unemployment and a challenged economy.

The majority of the nation are expecting the President to adjust his priorities and focus on the economy rather than attempting to save the earth through the building of windmills and saddling the nation with an ill conceived health care program.

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Barack Obama has placed himself in the midst of a dialogue on on race relations between the Black community and law enforcement due to comments he made on Wednesday evening during a nationally televised press conference. The President was commenting on the arrest of  Harvard Professor Henry Louis Gates Jr. an African American by a white police officer Sergeant James Crowley from the Cambridge Police Department. Sergeant Crowley arrested  Professor Gates for disorderly conduct in front of Gates home in Cambridge, Massachusetts and Gates claimed he had been subject to racial profiling.

President Obama addressed the issue toward the end of his press conference which, with this single exception, was staged to address his demand for health care reform. During the press conference he attempted to reset the agenda by calling for health insurance as opposed to health care reform. When questioned about the incident in Cambridge, in pure professorial mode Obama chose to take the opportunity to speak about racial profiling and commented that the arrested of his friend “Skip” Gates was an act of stupidity on the part of the Cambridge police department.

Subsequently law enforcement associations around the nation have taken humbrage with President Obama’s remarks and many have officers have come to the support of Seargant Crowley. Obama has now spoken with eah man and for all intent has apologised to the Cambridge police officer.

The President made a rookie mistake by injecting himself into this incident. However, this is a President who has attempted to be omnipresent by injecting himself into Americans lives several times a day with his fondness for the communications media. He also considers himself to be the Professor in Chief who is always willing to endow his wisdom upon an eager audience.

The President suffers from a lack of leadership experience as evidenced by his intrusion into a local issue when he is in the midst of an economic crisis and two wars. An experienced leader understands the impact of his comments. By commenting on the Cambridge issue Obama has again served notice that his goal is to be the solutions provider in chief as opposed to governing. Obama and his administration need to reset their agenda to focus on the economy and the President should begin to limit his desire for starring in a reality show based in the White House.

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The American public is becoming aware that Barack Obama is not the twenty first century messiah promoted by the liberal media. The very media that provided camouflage for Obama during the 2008 campaign are now standing impotent on the sidelines as Obama continues his relentless march down the field toward socialism.

 Six months into his term Barack Obama must be wondering what has happened. Obama was swept into office on the wings of a euphoric media and a liberal politic in which the left believed they had destroyed the conservative movement and in particular the Republican party. Today the President finds himself in a four front battle between health care reform, the cap and trade bill, a failed stimulus plan and an economy that promises continued high unemployment.

His leadership ability is being questioned by all but his most ardent supporters as finds himself in a battle to push his health care reform package through a Congress that is becoming more concerned with the mid term election in 2010 than supporting a President who is rapidly losing public support for key initiatives of his progressive agenda.

Obama  is clearly a practioner of the “Big Lie” which was so effectively developed in the propaganda machine administered by Joseph Goebbels for a messianic leader who transformed a nation in the 1930’s leading to the destruction of a nation and a people in the 1940’s. The premise behind the “Big Lie” is simple. Repeat the lie frequently enough and it will be perceived as the truth. Obama was elected on the merits of the “Big Lie” and he and his administration have continued to expand on this tactic since his inauguration.

Obama possesses the rhetorical skills and the platform to deliver the “Big Lie” in a manner that seduces the listener and provides the comfort of a  cup of hot cocoa on a cold winter night. He used the Big Lie to sell the $787 Billion American Recovery Act which has failed miserably as a stimulus plan and is now embracing the Big Lie to market health care reform and clean energy legislation.

Obama promised that the stimulus plan would save or create three and one half million jobs. He repeated the lie  on numerous occasions to create a sense of urgency to pass the stimulus package and included the same lie in his 2010 Budget message. Now the lie has changed from job creation around the stimulus package to the fact that “I Barack Obama” have brought the economy back from the brink” with the stimulus plan.

Barack obama is a progressive fascist. He seeks to impose his will upon the American public to reset the American Dream. He seeks to be the founding father of a new America in which the public will subject their own will and desires to the Federal Government for the benefit of all. There is nothing new here. There is no hope and no change with this President. The world has seen his act before and suffered the great pain of an ego that knew no bounds.  Barack Obama’s Big Lie is an echo of  the strategies utilized by the German leadership between 1933 and 1945. His message, meticulously staged and wrapped in the eloquence and the historical credibility of the White House is destructive to this great Republic.

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Barack Obama is pulling every trick out of a hat full of tricks to saddle the American public with a government take over of the health care industry. The President is clearly threatened by Congress inability to bow to his desire to reform our current health care system and replace it with a government operated health care system that promises to lower care for Americans while pushing the country toward bankruptcy.

The President in what has become his partisan trademark, addressed the health care bill this morning from the White House and continued to castigate those who wish to focus “on the politics of the day” . This statement, from the very man who has assembled the largest and most partisan political organization ever to inhabit the White House is typical of the President’s penchant for wrapping himself in the dialogue of the “holier than thou”. Obama’s hypocritical tactics are designed to divert attention away from the substance of his policies toward those the administration ha

The President and his staff are focused on strong arming a health care reform bill through Congress no matter the cost to the American taxpayer. He is utilizing every available means to sell his vision for health care reform including a media blitz targeting the districts of conservative Democrats as well as a nationally televised address tomorrow evening.

The President who in recent days has seen his popularity slipping in the polls is losing the battle with the American public as now 50% of Americans are opposed to a public insurance option according to the latest Rasmussen poll. The bottom line for the President is that his credibility is being questioned by Americans as they have witnessed his willingness to embellish and misrepresent the facts to impose his agenda on a public that had voted for change in the last election.

The nation is awakening to the reality that the change this President has brought to the White House is a formidable political machine willing to say and do what ever they deem necessary to promote their progressive agenda. The President has a very short time line in which to pass the legislation he has staked his legacy on and his actions are indicative of the partisan politics he learned so well as a scion of Chicago Democratic politics.

Obama who pushed forth a failed stimulus plan through an adoring Democratic Congress and a public flush with the euphoria of Obama’s campaign message of hope and change is confronting a Congress that is exercising caution as the popularity of the President’s policies are eroding and it becomes evident that the change Obama is offering the nation is a transformation to a  Federal government that will dominate the economy through socialism.

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As Barack Obama’s popularity continues to decline in the polls he is beginning to spout populist rhetoric in an attempt tp prop up his demand for Congress to pass radical health care legislation that would socialize health care and move America further along the path of a socialist state.

Obama in remarks this morning spoke out against the ” windfall profits reaped by health insurance companies and their executives” in an effort to increase support among a public that is increasingly suspect of this President’s progressive socialist agenda. With the nation clearly on its way toward bankruptcy just six months in to his Presidency, Obama is attempting to fast track legislation for both health care and cap and trade before his political capital expires.

Democrats who have fallen in line with the President’s agenda until recently are beginning to question Obama’s policies as they begin to eye the 2010 elections. Obama is quickly running out of runway as constituents impress their concerns upon their representatives on Capitol Hill. Though it has only been six months there are concerns amomg Democrat circles that this President is a one term President who may have to bear the burden of being designated the earliest lame duck in the history of the Presidency.

The fact that this President may be effectively finished by August as his favorability rating continues to wane is weighing heavily on Democratic leadership. Republicans recognize that most Americans do not favor the transformation of America into a socialist based economy and are preparing for the mid term elections with a robust plan to bring America back from the brink of social and cultural bankruptcy to its free enterprise and capitalist based roots.

Barack Obama’s greatest contribution to American history may very well be that through his commitment to the left,  he awakened the American public and revived the Republican party at a time this nation needs to step up and protect the foundation of free enterprise upon which this nation has prospered for over two hundred years.

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Barack Obama will be recognized in American history as the first African American President who through his election tore down any walls remaining between minorities and the White House. However, unless he begins to recognize that his progressive  policies will destroy our capitalist based economy, he will also be recognized as the President who destroyed our great free enterprise based society and saddled America with the burden of perpetual welfare.

Obama to date has skated by on the support of a media seduced by his charisma and the promise of hope and change. His Presidency is failing on both counts. Rather than hope he has taken once again to casting blame on the current economy on his predecessor George W. Bush while reminding us that our economy is in dire economic straits with unemployment expected to continue to rise. His stimulus package which has failed to provide any economic stimulus was a fraud perpetrated upon an American public that was eager to support this new young President. He continues to expand on the fraud by attempting to reset the rationale for creating the stimulus package that was presented to the public by the President and his administration.

The change that Obama spoke of was to be evidenced by a President and an administration that was willing to reach across the aisle thereby tearing down the political barriers that prevented legislative progress in the past and providing a template that would provide progress by incorporating the best minds from both sides od the aisle as opposed to the partisan legislation that has been the standard for American politics.

The stimulus plan passed without a single favorable vote by a member of the Republican party. The Pelosi led and Obama inspired House chose to exclude Republican input entirely since the Democrats had won the election in 2008. Obama in his zeal to transform America from a capitalist based economy to a social welfare state based economy has become consumed by the traditional politics of a typical Chicago politico. The change that Obama has brought to our nation is the change of an America based on hope and prosperity and the will of the individual to an American culture that is wilting under the hammer of a federal government out of control.

Barack Obama is destroying this nation. He was elected by a people filled with good intent on a promise of yes we can. A people willing to give this inexperienced charismatic campaigner a chance to improve upon the American way of  life. Obama proved that he could run a campaign. It is time for this President to stop campaigning and begin governing. It is time for this President to stop speaking and start listening. It is time to slow down the agenda and focus on the immediate needs of the economy with a sense of urgency that any CEO would understand and implement.

Americans need to return to work. Banks need to be able to extend credit to both businesses and individuals. The housing market needs to stabilize. The Federal government needs to get out of the business of competing with business and focus on maintaining the safety and security of this nation. Barack Obama needs to begin lead this nation toward a path that will preserve our way of life rather than eliminate it. Barack obama has jumped the shark and is taking the nation with him along a perilous path. Someone in the Democratic leadership or in his administration needs to speak up and tell the emperor he has no clothes on.

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The American Clean Energy and Security Act of 2009 will not be passed by the Senate this year as Americans grapple with a weak economy, rising unemployment, record budget deficits and eroding confidence in a President who appears to be misreading the pulse of the public while he attempts to impose a progressive domestic agenda on a nation who’s economic infrastructure is stressed to the brink of implosion.

The energy bill which barely passed the democratically controlled House is commonly referred to as cap and trade legislation and increasingly understood to be a cap and tax bill. The bill, which in addition to regulating greenhouse gas emissions significantly expands the energy and environmental  bureaucracy as it weaves its way through every thread of American life.

With the evident failure of Obama’s stimulus package dawning on the American electorate and no immediate solution being offered by Obama and his administration the tide of public support is turning against this most inexperienced of Presidents. As public pressure mounts on members of Congress the Presidents support in both the House and Senate will begin to wane as legislators begin to focus on the 2010 elections which are beginning to line up strategically for Republicans in many states.

Cap and Trade legislation is another leg on Obama’s anti business stool which include health care reform and a stimulus plan which failed to target stimulus funds for business to promote job creation. Obama who has been defending the stimulus package, which was nothing more than an entitlement bill, is in danger of  further damaging his relationship with the public as he attempts to sell a failed stimulus package as a plan that has worked and generated a positive impact on the economy.

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The Federal Budget deficit officially surpassed $1 Trillion today as tax revenues from corporate and personal income taxes have declined significantly from Obama administration estimates. Barack Obama, intent upon redistributing wealth in America, has established a new deficit record and is not through spending yet as he continues to expand the scope of the Federal government .

The President who has appointed 34 various czars to oversee almost every conceivable aspect of American life is leading the nation along the path toward bankruptcy at an alarming pace. Unless the Congress begins to legislate with some element of common sense and begins to reign in the progressive agenda of Barack Obama this nation will have redistributed all of its remaining wealth to the creditor nations that are currently propping up the American economy.

The policies of Barack Obama are destructive to the American way of life and if left unchecked will result in the catastrophic dissolution of our free enterprise based economy. Our $1 Trillion deficit will grow exponentially if we fail to stem Obama’s lunatic spending. It is time for the President to park Air Force One in the hangar, put the teleprompter away and learn about the nation he has been elected to govern but, chosen to destroy through the execution of his progressive policies.

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