Tuesday, October 25, 2011

Barack Obama - #3358 - 'We Can't Wait Either, Mr. President' - Heritage Foundation (2) How Obama Bungled Iraq - Rush Limbaugh (3) Home Prices Fall More Than Forecast in August - Yahoo Finance

I’m here to say that we can’t wait for an increasingly dysfunctional Congress to do its job. Where they won’t act, I will,” President Obama proclaimed in Las Vegas, Nevada. “There is no excuse for the games and gridlock we’ve seen in Washington. Where we don’t have to wait for Congress, we’re just going to go ahead and act on our own.” The actions the President is proposing? More money for “underwater” mortgages and a yet-to-be-announced student loan initiative.  There is no hiding the ball in the President’s populist pitch–and that ball is Obama’s desire to circumvent Congress and enact policies that appeal to his far-left, big-government base, regardless of the will of the people or their representatives in the House and Senate. Obama’s problem is that he failed to convince the American people–and his own party–to pass his latest stimulus plan (a.k.a., “the American Jobs Act”), and now he’s headed into an election season with 14 million jobless Americans, a 9.1 percent unemployment rate, stagnant economic growth as far as the eye can see, and nothing to show for it.  Entirely frustrated by his inability to ram his big spending plan through an unwilling Congress, the President now says that “we can’t wait” for Congress to act. What he’s missing, though, is that Congress isn’t acting because the American people don’t want their representatives in Washington to go along with Obama’s spend-more-tax-more scheme.  Read entire article.......

How Obama Bungled Iraq - Rush Limbaugh - RUSH: The Morning Bell today at the Heritage Foundation, which is one of their morning blogs, describes Obama's Iraq failure, pulling out of there at the end of this year with no vestige, with no reminders that we were there.  "To hear President Barack Obama describe the withdrawal of US troops from Iraq, you’d think it was a long-anticipated political victory, the fruition of a promise he made when campaigning for the White House. But his announcement last week that American troops in Iraq will return by the end of the year is a result of a serious Obama Administration failure that will undermine US security interests in the Middle East. Speaking on Friday from the West Wing, President Obama wasted no time in reminding the American people that, 'As a candidate for President, I pledged to bring the war in Iraq to a responsible end,' and that as commander in chief, he was making good on that promise in time for the holidays. What the President didn’t mention, though, was the story behind the headline -- that the Administration tried and failed to negotiate with the Iraqi government to extend the U.S. troop presence there in order to ensure the country’s security and stability." Read more.........

Home Prices Fall More Than Forecast in August - Yahoo Finance - Home prices in 20 U.S. cities dropped more than forecast in August, highlighting one of the obstacles facing the economic recovery in its third year.  The S&P/Case-Shiller index of property values in 20 cities fell 3.8 percent from August 2010, the group said today in New York. The median forecast of 30 economists surveyed by Bloomberg News was for a 3.5 percent decline.  Recovering the 31 percent plunge in home prices from their 2006 peak will probably be years in the making as foreclosures throw more properties on the market and sales flag. Federal Reserve policy makers like William Dudley are among those that believe bolstering housing is among the “most pressing issues” facing the central bank.  Read more.........

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