Tuesday, June 2nd, 2009...6:21 am
Oooh. That Will Make Giffords Quake in Her Boots.
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I recieved a press release from Jesse Kelly’s campaign announcing that they will be running banner ads on the Drudge Report. Wow. If Tim Bee had only done that…
15 Comments
June 2nd, 2009 at 6:45 am
Wonder if they will throw in a few flashing red sirens to boot?
June 2nd, 2009 at 11:48 am
As Gabby continues to support Obama’s “generational theft” of the financial future of our children and grand children she should be shaking in her boots.
June 2nd, 2009 at 4:08 pm
Wow, his website go redone in a hurry. Looks so nice and blue… Reminds me of another political website I saw back in ‘08.
June 2nd, 2009 at 4:50 pm
“Generational theft” is, of course, the crime of stealing currency that is at least as old as the number of days President Obama has been in office but no older.
I bow in shock and awe of your principles, Walt.
June 2nd, 2009 at 9:45 pm
Bad news Kenny, Obama and the Democratic Congress know own the economy. They have spent or authorized more spending in the last 4+months than the U.S. has spend since it’s inception in 1776 including all world wars. That is “generational theft”.
June 2nd, 2009 at 10:32 pm
Obama and the Democrats now own the economy.
I can handle that, Walt.
As the stimulus money is trickling into the economy, the rate of job loss is slowing and other indicators (notably housing sales) indicate that we’ve hit bottom. Consumers are beginning to spend. The stock market is starting to boom and it’s close today at 8740.87 represents a gain of 10%since closing at 7949.09 on January 20, inauguration day (that follows a 25% decline between January 20, 2001 and the same date eight years later.)
Chrysler is preparing to follow IndyMac bank in emerging from a government-shepherded bankruptcy as a stronger company, in partnership with Fiat (and in the process saving thousands of jobs that some on the right just said to let them all go away.) GM looks like it may follow the same path.
The credit-card reform bill passed by Congress will mean that people will have more money to spend and not just pay it all away in sneaky bank fees.
So yeah, Walt, the recession is certainly not over yet but I can go along with this is Obama’s economy. The stimulus clearly is working, and Obama and the Democrats (including Giffords) get the credit for it.
June 2nd, 2009 at 10:56 pm
And Walt, I would challenge your numbers.
Obama came in with the national debt at $10.6 trillion.
And the national debt itself is only accumulated deficit, the difference between expenditures and revenue (compounded by interest, of course.) Since 1776 the total amount spent is likely several times what the national debt is.
Congress has authorized the Obama administration has authorized the following amounts: TARP II (originally appropriated during and at the request of the Bush administration but I’ll give it to you): $350 billion. The stimulus bill: $787 billion. Parts of last year’s budget that didn’t get done so it was passed this year and signed by Obama on March 11: $410 billion. sCHIP: $33 billion. War funding passed on May 21, 2009: $92 billion. All told this adds up to $1.672 trillion (I don’t know how much of this is covered by revenue and how much is new deficit spending).
However you slice it, your numbers are so far off that I wonder whether the talking head you heard them from even bothered to check anything or if he just made them up (or passed it on from another talking head, who got them from another, who made them up.)
June 2nd, 2009 at 10:59 pm
And by the way, TARP II has not yet been exhausted (so there is still room for more bailouts if needed.)
June 3rd, 2009 at 4:32 pm
I’d say Giffords’ boots already ’stepped on a Bee’ last year, if Kelly is volunteering to be next in line to get squashed he’ll have about as good a chance as Bee did.
June 3rd, 2009 at 4:35 pm
Mr. Blake,
I am very pleased you will be able to handle this because the next bubble ready burst is commercial real estate. I am pleased you will be able to answer questions from time to time on how you are handling some of these issue’s. The projections I’m seeing is the unemployment rate will exceed 10% in Southern Arizona by the end of this year. I hope you are right and the experts are wrong.
The information on government spending you are trying to discredit comes from Harvard Economist Martin Feldstein in an article in the Wall Street Journal but what does he know?
June 3rd, 2009 at 4:46 pm
Walt, my question is this….if the economy turns around over the next two years, and Obama balances the budget….Are you going to give him credit or not? Or are you biased beyond any semblance of being honest with yourself and your peers?
June 3rd, 2009 at 5:08 pm
Obama balance the budget? Are you fracking kidding? He makes Bush look like a tight ass.
June 4th, 2009 at 1:14 pm
Mr. Kobe,
If Obama returns the economy to its Sept 2008 level and balances the budget in the next two years I will give him credit for a job very well done….
June 4th, 2009 at 5:30 pm
September 2008, dude, economically we are already there. So oops. There goes the “economy is Barack’s fault” mentality. There is one check mark. If we have a balanced budget by FY 2011, calendar year 2012, give Credit? you want to make a wager. How about if we have a balanced Budget by then you have to wear a BARACK re-election shirt for a whole day and it has to be on the day of a Republican LD 28 meeting. C’mon…and if he fails, I have to wear a W. wasn’t that bad shirt.
June 5th, 2009 at 12:21 am
“Obama balance the budget? Are you fracking kidding? He makes Bush look like a tight ass.”
Tight Ass Bush passed $1.3 Trillion in tax cuts to the rich (which he called a “stimulus”) and spent another trillion on his vanity wars. Obama is spending $Billions on badly needed infrastructure repairs and improvements. Something that your hero GWB couldn’t be bothered with, despite the hair-on-fire warnings from the Army Corps of Engineers about the sorry state of the levees in New Orleans. The rest is history, as millions of Americans watched as the Bush admin. botched the response to the disaster, and thousands died.
In times of crisis, balancing the budget should be the least of our worries. Call me a Keynesian, and I’m glad to wear the label, because for God’s sake some things are more important – i.e., SAVING THE LIVES OF THE PEOPLE IN YOUR COUNTRY – than adhering to some idiotic notion that the budget must always be balanced.