Wednesday, August 3, 2011

Media Still Does Not Get It; Kardashian, Fergie, Lady Gaga, Timberlake, Katy Perry; Romney Has No Guts; 'Bout Friggin Time; Still Have Not Learned A Damn Thing

After the debt vote, Sen. Chuck Schumer said it's time for jobs to move to the front burner.They're only worried about our jobs  when they're about to lose their jobs--Leno
  • For weeks, I've been asking where's Mitt Romney? NY Times finally asked the same question a few days ago. Anyway, he finally came out of his house and proclaimed he did not support the debt ceiling proposal that was hammered out yesterday. Hey, memo to Romney: you have no guts. You should have said something earlier. It's real easy to make your opinion known after the fact. Sorry Mitt, I like you, but you need to grow a pair.
  • The media is in shock the stock market is still tanking. Memo to the media, read the following--you'll know why.
  • The big news coming out of the Beltway since the debt ceiling plan was passed yesterday is that the knuckleheads in Congress plan to focus on jobs. First of all--it's about time. But--hey--I don't believe it. If they haven't focused on jobs with unemployment at over 9%, why should we believe they will focus on jobs now?
  • And where's my proof of this? Just review what Reid and Obama said yesterday--They said they will target "Big Oil," "The Wealthy," and "Big Corporations." In other words--they still haven't learned a damn thing from the 2010 elections (where they were hammered) and from this debt ceiling debate. Moreover, the president still wants to raise taxes (NY Post today reported that 1.6 million New Yorkers left the state in the last 10 years. Why? Largely due to high taxes and over-regulations. Raphael Isaac and his family booked to Arizona two years ago. On Long Island, his property taxes alone exceeded $25k a year. He's now paying $3,500 a year in property taxes just outside Phoenix).
  • Want more proof? Yesterday, the president also said he will propose a "new infrastructure bank" to put construction workers back to work. Remember, that's what the almost $900 billion stimulus package was suppose to do two years ago. And what was the result? Unemployment in the construction industry is over 15%, higher in other areas of the country.
  • How can jobs grow if business, both big and small, are uncertain about the future. They are uncertain about what taxes will be. They are uncertain about ObamaKare and its impact on their bottom lines and they are uncertain about consumer spending--which has been in the pits. The National Federation of Independent Business reported recently this "recovery" is the slowest on record. In addition, spending on capital improvement and expansion was the lowest in history--why should they expand if they see no sales growth down the road? (Philadelphia Inquirer).
  • On top of all this negative news, GDP growth was minimal, manufacturing activity hit the skids last quarter, over 60,000 have been laid off this past quarter in various industries and most economists now lowered their forecast range for economic growth in the second half of the year.
  • So is anyone surprised the stock market is tanking?
  • Michael Goodwin wrote, "Maybe he hasn't noticed or doesn't care, but the country is giving up on him {Obama}." I have a feeling he's right.
  • By the way, next time someone says to you we inherited this mess, remind them the Democrats were in charge of the purse strings from 2006-2010, and then Senator Obama voted for every single stinkin' spending plan that got us into this mess.

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