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Archive for September 20th, 2012

This incompetent twit wants another four years after giving himself an “incomplete” grade? Listen to his advice…

Added jobs every month? Impossible since unemployment has been up every month he’s been in office and the labor force participation rate is at a 31-year low. Obama can lie because the media, not even Univision, is not going to call him on it. Obama didn’t tell the college student that 50% of college graduates are unemployed and most of them are living under their parent’s roof.

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Incompetence knows no limit inside the Obama administration.

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How will the liberal media spin this? Last week’s jobless claims were revised DOWN (as has been the case since Obama’s election) from 385,000 to 382,000. The economy is stagnant. The labor force is disappearing. Unemployment has been above 8% for the entire Obama presidency but the media is focused on Romney’s factual comment above 47% paying no federal taxes. This rate is bound to skyrocket if Obama is reelected.

From Bloomberg:

More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening.

That’s because the labor force participation rate is at a 31-year low under Obamanomics.

Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, Labor Department figures showed today inWashington. The median forecast of 49 economists surveyed by Bloomberg projected 375,000.

Looming tax increases and government spending cuts slated to take effect next year, should lawmakers fail to act, may block any pickup in hiring following last month’s smaller-than-projected gain in payrolls. The Federal Reserve last week undertook a third round of asset purchases in a bid to reduce joblessness that has held above 8 percent for more than three years.

Those first two rounds of printing money to prop up Obama’s economy and hire people worked so great the Federal Reserve had to use a third round of printing money to keep unemployment high and the economy stagnant. Audit The Fed!!!!!

“The problems are more on the hiring side than the layoffs side,” said Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West ChesterPennsylvania, who projected a rise to 385,000 claims. “If they panic and start cutting workers, that would raise an immediate red flag because layoffs would be a recipe for another recession.”

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This isn’t news the media wants to report. No, they want to rape Romney over stating facts about 47% of Americans not paying federal income taxes. The Inspector General had a lead but the White House blocked him from learning the truth. Holder knows, his assistant knows and his top Assistant Attorney General knows. Obama knows the truth and this is why he used his executive privilege powers to hide the documents the Inspector General wants.

Hope this Inspector General has a back-up job. When Inspector Generals point out corruption committed by one of Obama’s friends, Obama fires them. Ask Gerald Walpin.

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Democrats tried every trick in the book, including the race card, to keep the truth from getting out. However, like Rangel, Waters will just get a slap on the wrist and remain a parasite on the backs of taxpayers. Finally the socialist will be exposed.

From The Hill:

The House Ethics Committee will hold a public hearing Friday on ethics allegations against Rep. Maxine Waters (D-Calif.).

The panel has been investigating for the past three years whether Waters violated House rules by attempting to secure federal help during the financial crisis for a bank in which her husband owns stock.

Waters has maintained her innocence, and the ethics probe has been weighted by problems.

The story is Waters sought a federal bailout for a bank, OneUnited, that her husband sat on the board of. Waters and her hubby had money invested in the bank so Waters asked for a meeting to secure a bailout. OneUnited received a bailout thanks to crook Barney Frank (D) and despite the bank’s record of bad investments and extravagant spending.

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Team Obama has to make sure taxpayers are paying the ObamaCare TAXES so moochers can receive free health care.

From ATR.org:

The Congressional Budget Office on Wednesday announced that six million American families will be forced to pay the Obamacare individual mandate non-compliance penalty tax.

The six million families who will be forced to pay the tax understates the true compliance burden of the looming Obamacare individual mandate scheduled to take effect in 2014:

    • Every American required to file an income tax return must report to the IRS whether or not they have “qualifying” health insurance under Obamacare.
  • Thus, this tax will not just impact the six million American families having to pay the tax, but the 140 million U.S. households which file an annual income tax return.  Each of the 140 million households will be forced to complete and submit compliance forms to the IRS.

The compliance burden described above does not even take into account the other 19 new or higher taxes in the Obamacare law, which the IRS has determined for the Ways and Means Committee will increase tax preparation time by a collective 80 million hours per year.

The non-compliance penalty tax will hit middle-income Americans, a violation President Obama’s “firm pledge” not to raise “any form” of tax on families making less than $250,000 per year. There are at least seven Obamacare taxes that directly hit families making less than $250,000.

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Take a look and see if you notice a common theme…

I’m sure Team Obama will be in touch with UPS just as they did when they asked Ford to stop running an ad slamming the auto bailout.

H/T to Jeffy

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The Obama administration’s story continues to unravel and change.

It’s never about the lie, it’s about the cover-up.

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Another report cited by Obama that he claims is “nonpartisan” yet we learn one of his donors is the author of the report. The liberal media is too busy attacking Romney over factual statements as they ignore Obama blatantly lying. This isn’t the first time Obama has used a mythical “nonpartisan” report to make his fraudulent claims.

From WFB:

The author of a study that says tax cuts on high-incomes and small businesses have little to no impact on economic growth has personally donated at least $3,400 to President Obama since 2008—a fact that the media outletstouting the study have failed to disclose.

The author, Thomas L. Hungerford, also gave at least $2,450 to Democratic campaign committees during that same period.

Hungerford is a public finance specialist at the Congressional Research Service (CRS), the nonpartisan agency that provides “policy and legal analysis” for members of Congress.

“CRS is well-known for analysis that is authoritative, confidential, objective and nonpartisan,” reads the CRS website. “Its highest priority is to ensure that Congress has 24/7 access to the nation’s best thinking.”

Hungerford has also donated at least $500 to Al Gore, the Current TV executive and chakra guru who lost to George W. Bush in the 2000 presidential election.

At the time of the donation Hungerford was working for the Social Security Administration. He previously worked at the Office of Management and Budget during the Clinton Administration.

Hungerford and CRS director Mary Mazanec did not immediately return requests for comment.

The CRS study, released on Sept. 14, was timely campaign fodder for the president. Obama wants to raise taxes on individuals and small businesses earning at least $200,000 a year, while his opponent Mitt Romney, who wants to lower tax rates on all levels of income.

Obama has repeatedly accused Republicans of proposing lower taxes as the solution to every problem.

“You want to make a restaurant reservation or book a flight? You don’t need the new iPhone, you just use a tax cut,” he joked of the Republican philosophy during a campaign event in Ohio earlier this week.

The ThinkProgress blog, a project of the left-wing Center for American Progress Action Fund, jumped on Hungerford’s report.

“According to a new report by the Congressional Research Service, cutting taxes for the wealthiest does not cause economic growth, despite constant conservative claims that it will,” wrote a ThinkProgress blogger. “Instead, tax cuts for the rich merely exacerbate income inequality, CRS found.”

The San Francisco Chronicle editorialized about the CRS report, arguing, “This is more evidence that ending the Bush tax cuts is the right thing to do. This nation needs to start creating jobs, and an extension of tax cuts is not the solution.”

CNBC reported, “Cutting taxes for the wealthy does not generate faster economic growth, but may widen the income gap between the rich and the rest, according to a new report.”

None of these outlets identified Hungerford as an Obama donor. The CRS has also failed to identify him as such.

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Looks like the White House is going to throw Hillary under the bus. Liberals eating liberals = priceless!

(CNSNews.com) – White House Press Secretary Jay Carney told reporters at the White House press briefing on Wednesday that they should ask the State Department if they wanted to find out who decided not to station Marines at U.S. diplomatic posts in Libya, where the U.S. ambassador and three others were killed at the U.S. consulate in Benghazi on the eleventh anniversary of the 9/11 terrorist attacks.

ABC White House Correspondent Jake Tapper asked Carney: “In the wake of the attacks on Benghazi, the Pentagon and the State Department both made statements that they then had to correct, the Pentagon involving whether or not there were Marines at the embassy in Tripoli–there were not–and the State Department regarding the presence of security firms at the Benghazi compound. Why was there such confusion and is the White House conducting any sort of internal investigation as to what went wrong”?

Carney answered, “Well, there is an ongoing investigation as to what happened in Benghazi that’s being led by the FBI –”

“I’m not talking about the criminal act,” said Tapper. “I’m talking about the–obviously there wasn’t adequate security along the lines of what went wrong–about what the administration could have done better.”

Carney said, “I think I would refer you for questions about security at the Benghazi diplomatic facility and broadly speaking at diplomatic facilities, consulates, and embassies around the world to the State Department.”

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