Wednesday, August 10, 2011

Barack Obama and the Economy - #3153 - VIDEO: Rand Paul: Dems Playing Blame Game - Hannity (2) Sen. DeMint Goes After 'Anti-Business' White House, Defends Tea Party - The Blaze (3) Obama Increased National Debt More in 4 Days Than Truman and Eisenhower Did in 10 Years - The Blaze (4) Obama's Kinetic Military Action on Coal - Hot Air


Sen. Rand Paul: Dems Playing Blame Game - Hannity


Sen. DeMint Goes After 'Anti-Business' White House, Defends Tea Party - The Blaze - Earlier this week, while sitting in for Sean Hannity on FOX, the inimitable kiwi Mark Steyn interviewed Senator Jim DeMint.  The focus of their conversation? They spoke about what is on everyone’s mind: the downgrade, the debt ceiling fight and Washington’s spending problems.  However, Steyn went a step further and took the time to address how Democrats have since reacted to the S&P downgrade. He began the segment by showing a video of top liberals blaming the Tea Party, of all things, for S&P’s decision to downgrade the United States from a AAA bond rating to a AA+ rating.  In the video montage (featuring the likes of Howard Dean and David Axelrod) are such memorable quotes as “The fact of the matter is, that this is essentially a Tea Party downgrade,” and “They are totally unreasonable and doctrinaire and not founded in reality.”  Read more..........

Obama Increased National Debt More in 4 Days Than Truman and Eisenhower Did in 10 Years - The Blaze - Last week the Obama administration reportedly increased the national debt (in inflation-adjusted dollars) more in a mere four days than the administrations of Presidents Harry Truman and Dwight D. Eisenhower increased it from 1950-1960 — an entire decade.  CNSNews crunches the numbers:  At the start of business on Tuesday, Aug. 2, according to the Daily Treasury Statement, the national debt subject to the legal limit was $14.293975 trillion. Obama signed legislation that day lifting the limit by as much as $2.4 trillion—with an initial and immediate increase in the limit of $400 billion. By the close of business on Friday, Aug. 5, according to the Daily Treasury Statement, the national debt subject to the limit had grown to $14.536130 trillion. Over just four days, the debt had jumped $242.155 billion. By contrast, according to the Bureau of the Public Debt, over the ten-year period from the end of fiscal 1950 to the end of fiscal 1960, the national debt grew from approximately $257.36 billion to approximately $286.33 billion—an increase of approximately $28.97 billion. Using the Bureau of Labor Statistics inflation calculator, $28.97 billion in 1960 dollars equals $220.92 billion in 2011 dollars.  Read more.........

Obama's Kinetic Military Action on Coal - Hot Air - It’s good to know that the president has taken note of the unemployment rate and plans to focus on jobs. But as William Yeatman notes at the New York Post, we didn’t expect the “focus” to come in the form of cross-hairs. While I maintain that there are many areas where government is largely powerless to directly impact employment, there are a few where it can exert tremendous influence. This only becomes a problem when Washington chooses to actively eliminate or bar the creation of jobs.  President Obama claims to see the need to create jobs at this time of endless 9-plus percent unemployment — yet his administration continues to relentlessly destroy jobs for ideological reasons. The best example may be the Obama Environmental Protection Agency’s “war on coal.”  The EPA’s regulatory crusade directly threatens hundreds of thousands of jobs — and “rolling blackouts” that threaten even more.  Start with a proposed regulation under the Clean Air Act that’s set to be finalized in November. The Utility MACT (“Maximum Achievable Control Technology”) rule seeks to cut US power plants’ emissions of mercury from 29 tons a year to just five. Yet EPA itself estimates that cutting even as much as 41 tons out of total emissions of 105 tons “is unlikely to substantially affect total risk.”  Read more.......

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