Tuesday, September 14, 2010

This is something I wrote in March but never did post in my blogsite.  The national debt the pundits were forecasting at the time has already exceeded their expectations. 

3/28/10 3:40 PM


A thought:

The people who stand behind Obama in worshipping adulation, clapping, cheering and laughing as he wends his glib tongue, talking to a carefully selected audience, will one day find their cheers turning to jeers. Wait till they get the bill for the "Christmas gifts" they thought they got for nothing.

They were bought cheap - but not the nation. It's on track to go the way every other Republic has gone.......And right on schedule. A program on the History Channel a year or so ago indicated that no Republic in history has lasted much more than two hundred years. And they never did catch up with their indebtedness. The national debt for the United States will soon be twelve trillion dollars and by 2020 we're hearing that it is expected to be twenty trillion.

Who's responsible?

9/14/10

Another reminder - try this on for size and see, right from the "horses mouth," who did and who didn't want Fannie Mae and Freddie Mac regulated -

http://www.youtube.com/watch?v=cMnSp4qEXNM

Thursday, September 9, 2010

Economy no inheritance

This is a note I sent to Megyn Kelly:

Here he goes again. I scoffed at the idea that Obama inherited this economy the first time he made the claim and I never stopped being irritated with his charge with every speech he ever makes. And he said it again today.


This was no inheritance. Election day of 2006 gave the Democrats a filibuster proof "House" and with the help of a RINO from Vermont, full control of the Senate.

Doesn't anyone ever think about the effect the economic war the oil producing countries waged on us throughout 2008 when they gradually raised the price of their oil to the peak of $147.00 a barrel? Nothing ever had a greater impact on the economy than that - not only here but worldwide. Their target may have been the U. S. but it hurt everyone else as well.  And, aside from Glenn Beck who did make some cursory mention of it on at least two occasions, I'm not aware of any of the political commentators mentioning it. The fault for us not being energy independent has to be laid right at the door of the Democrats.

The Bush tax cuts of 2001 and 2003 gave us 46 months of economic growth and an unemployment rate for most his term five percent or lower. As late as November of 2008 after the dampener the cost of energy products put on households and industry the unemployment rate was 6.5%.