Keyword: obamadeficit

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  • New study: Trump to inherits $559B deficit, stable economy [says CBO]

    01/24/2017 7:33:13 AM PST · by Olog-hai · 24 replies
    Associated Press ^ | Jan 24, 2017 10:16 AM EST | Andrew Taylor
    Congressional analysts Tuesday projected that President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year. The new estimates from the nonpartisan Congressional Budget Office say the economy will hold relatively steady, with economic growth rising slightly to 2.3 percent this year and unemployment averaging less than 5 percent for the duration of Trump’s term. Trump is promising higher growth as his administration curbs regulations, overhauls the tax code, and repeals the Affordable Care Act, former President Barack Obama’s signature accomplishment. …
  • Paul Ryan on Chicago teachers strike: ‘We stand with Rahm Emanuel’

    09/10/2012 4:04:52 PM PDT · by Free ThinkerNY · 51 replies
    Yahoo! News ^ | Sept. 10, 2012 | Chris Moody
    Republican vice-presidential candidate Paul Ryan spoke out against the Chicago Teachers Union strike on Monday, saying he stands behind Chicago Mayor Rahm Emanuel's opposition to the demonstration. "Mayor Emanuel is right today in saying that this teacher's union strike is unnecessary and wrong," Ryan said in Portland, Ore., according to a pool report transcript. "We know that Rahm is not going to support our campaign, but on this issue and this day we stand with Mayor Rahm Emanuel." More than 26,000 education professionals in the Chicago area did not attend work on Monday over a contract negotiation dispute with the...
  • An Economic 'Plan'?

    09/10/2012 2:25:46 PM PDT · by jazusamo · 6 replies
    Creators Syndicate ^ | September 11, 2012 | Thomas Sowell
    Former president Bill Clinton told the Democratic National Convention that Barack Obama has a plan to rescue the economy, and only the fact that the Republicans stood in his way has stopped him from getting the economy out of the doldrums. From all this, and much else that is said in the media and on the campaign trail, you might think that the economy requires government intervention to revive and create jobs. It is Beltway dogma that the government has to "do something." History tells a different story. For the first 150 years of this country's existence, the federal government...
  • Franklin Expedition hunt turns up human remains, artifacts

    09/09/2012 2:29:34 PM PDT · by Squawk 8888 · 9 replies
    National Post ^ | September 9, 2012 | Dene Moore
    Archeologists involved in the hunt for the wreckage of the Franklin Expedition in Canada’s Arctic have discovered human remains they believe are from a member of the doomed crew. Despite bad weather that has hampered some of their plans, the journey has been a productive one so far, says the chief of underwater archaeology for Parks Canada, and it should get even better with the addition of an automated underwater vehicle from the University of Victoria. “Work is going well… (but) we haven’t found the ships yet,” Marc-Andre Bernier said in a telephone interview after leaving the Canadian Coast Guard...
  • NYC gay bar hosts Obama fundraiser ("GoGo for Obama" in full swing -- no pun intended)

    09/09/2012 6:56:47 PM PDT · by markomalley · 23 replies
    Washington Post ^ | 9/9/2012 | Katherine Boyle
    Outside, posters of President Obama and the first lady were the only signs that Eastern Bloc was closed for a private party. To some regulars of the grungy gay bar in Manhattan’s East Village, the $100 minimum cover charge seemed too pricey for a Saturday night. But for an Obama campaign fundraiser, the entrance fee was relatively modest, unlike some of the boisterous dancers at the “GoGo for Obama” event. The fundraiser, hosted by a gaggle of models, fashion editors and socialites, is just one of hundreds of such small, grass-roots events organized by individual donors and held throughout campaign...
  • Corrupt Media Continues to Cover Up Obama’s Solyndra Disaster

    09/09/2012 7:03:30 PM PDT · by grundle · 6 replies ^ | September 9, 2012 | Jim Hoft
    On May 26, 2011, the White House posted this video praising Solyndra as a Recovery Act success story. August 2011, Barack Obama’s gleaming example of green technology – Solyndra – filed for bankruptcy. The solar panel manufacturer squandered $535 million of stimulus money in a little over a year. Why Solyndra? Top Obama bundler George Kaiser made multiple visits to the White House in the months before the company was granted a $535 million loan from the government. And top Solyndra officials also made numerous visits — 20 — to the White House, according to logs and reporting by...
  • Skills gap is hampering labor market (ZERO job growth in small-business sector)

    09/09/2012 6:20:57 PM PDT · by Libloather · 42 replies
    The Hill ^ | 9/09/12 | Vicki Needham
    Skills gap is hampering labor marketBy Vicki Needham - 09/09/12 05:25 PM ET Two recent reports underscore the complexities of the flagging labor market and provide backing for more action by policymakers to help narrow the skills gap in the workforce. A survey from the National Federation of Independent Business (NFIB) and a report by Deloitte show that employers are struggling to find workers with skills that fit their openings. With about 12.5 million unemployed workers and millions more underemployed or so discouraged they are leaving the workforce, job creation in the United States is hampered not only by supply...
  • Gaffetastic!… Obama Pulls a Biden, Tells Audience, “Three Proud Words – Made in the USA!”

    09/09/2012 6:08:54 PM PDT · by grundle · 21 replies ^ | September 9, 2012 | Jim Hoft
    Gaffetastic! Add this to the list… Obama goes off TelePrompter, pulls a Biden. Barack tells audience, “Stamped with 3 proud words… Made in the USA!”
  • ‘Everything people think they know about the stimulus is wrong’(Michael Grunwald)

    09/10/2012 2:22:08 PM PDT · by presidio9 · 26 replies
    Washington Post ^ | September 9, 2012 | Ezra Klein with Michael Grunwald
    Ezra Klein: Let’s begin with the obvious question. Did the stimulus work? Michael Grunwald: Everything people think they know about the stimulus is wrong. It was called the American Recovery and Reinvestment Act and it did produce a short-term recovery. We dropped 8.9 percent of GDP in Q4 2008. We lost 800,000 jobs in January 2009. We passed the stimulus. And then the next quarter we saw the biggest jobs improvement in 30 years. The long-term reinvestment part is working. It spent $90 billion for clean energy when we were spending just a few billion a year. It’s doubled renewable...
  • Obama said hang on, but jobs report shows many Americans aren’t (368,000 drop out - in August)

    09/10/2012 2:13:50 PM PDT · by Libloather · 8 replies
    Fox News ^ | 9/07/12 | Chris Stirewalt
    Obama said hang on, but jobs report shows many Americans aren’tBy Chris Stirewalt Published September 07, 2012 368,000 — the estimated number of Americans who, according to the Bureau of Labor Statistics, left the labor force in August. **SNIP** Biden, who literally used the word “literally” 10 times in his brief speech introducing Obama, accused the Republicans of talking down the country in a bid to gain power. “America is not in decline. America is not in decline,” shouted the vice president. “I've got news for Governor Romney and Congressman Ryan: Gentlemen, never ever — it never makes sense,...
  • Rhetoric can't mask unemployment numbers

    09/10/2012 12:52:50 PM PDT · by Innovative · 2 replies
    Chicago Tribune ^ | Sept 9, 2012 | John Kass
    His (Obama's) stubborn insistence that government - and not small business - is the way to grow jobs and the economy has always been wrong. That he keeps insisting, with 88.9 million Americans out of work, has become morally unacceptable. The early news coverage Friday reported that the unemployment rate fell from 8.3 to 8.1 percent, with headlines suggesting it wasn't all that bad, maybe even a slight positive for the president. It wasn't all that bad. It was worse. The reason the unemployment fell to 8.1 percent was that 368,000 Americans had given up looking for work, bringing the...
  • The Real Cause of High Oil Prices

    08/28/2012 6:33:16 PM PDT · by bananaman22 · 20 replies ^ | 08/28/2012 | James Stafford
    Nowadays the energy picture is confusing at best as the more information we are shown the murkier the picture seems to become. Mixed messages, poor reporting and a media hungry to sensationalize anything it thinks can grab a headline have led to many wondering what the true energy situation is. We hear numerous reports on how the shale revolution will transform the energy sector, why alternatives are just around the corner, why advances in oilfield extraction techniques and new finds will help to lower oil prices. Yet no sooner have we read these rosy reports than we are bombarded with...
  • A Gas Price Emergency -- for America, or for Obama (Opening the Petroleum Reserve)

    08/24/2012 3:23:30 PM PDT · by lbryce · 24 replies
    The Examiner ^ | August 24, 2012 | Diana Furchtgott-Roth
    To combat rising gasoline prices, anonymous White House sources are reporting that President Obama will release oil from the Strategic Petroleum Reserve. When Obama was inaugurated, the average gasoline prices were $1.84 per gallon, and oil was at about $39 for a 42-gallon barrel. On Monday, refiners were paying about $96 for a barrel of West Texas Intermediate, and the average price of regular gasoline was $3.72, up from $3.45 a month earlier. The 696-million barrel Strategic Petroleum Reserve, stored in underground salt caverns in Texas and Louisiana, exists to protect America against "severe energy supply disruptions," according to the...
  • Obama creating African-American education office

    07/25/2012 5:38:15 PM PDT · by mandaladon · 40 replies
    AP News ^ | 25 July 2012
    <p>WASHINGTON (AP) -- President Barack Obama is creating a new office to bolster education of African-American students.</p>
  • Team Obama put on defensive over leaks

    07/25/2012 5:35:35 PM PDT · by markomalley · 3 replies
    The Hill ^ | 7/25/2012 | Jeremy Herb
    The attacks from presumptive Republican nominee Mitt Romney on intelligence leaks put Obama campaign officials on the defensive Wednesday, as Republicans stepped up attempts to chip away at the president’s credibility on national security. Obama senior campaign adviser David Axelrod was grilled on the leaks during an interview on MSNBC’s “Morning Joe,” where he shifted from his previous position. “I can tell you that the president of the United States did not leak classified information, as Mitt Romney suggested yesterday, and he didn’t authorize the leak of information, as Mitt Romney suggested yesterday,” Axelrod said. Axelrod previously denied that the...
  • An Interesting Question on Unemployment

    07/25/2012 3:16:20 PM PDT · by Kaslin · 14 replies
    Rush ^ | July 25, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: This is James in Rolla, Missouri. Great to have you on the program, sir. Hello. CALLER: Hello, Rush, been listening to you for 20 the years. I'm a conservative retired university professor. RUSH: One of my aunts is from Rolla, Missouri. My aunt Mary is from Rolla, Missouri. She married my uncle Manly, my dad's brother. CALLER: It's a wonderful town. RUSH: It is a great town. School of mines. CALLER: Right. RUSH: It was the University School of Mines is in Rolla, Missouri. CALLER: Yeah, now it's called Missouri University of Science and Technology. RUSH: Yeah,...
  • 1980 vs. 2012 : Alas, Romney–Obama won’t be a replay of Reagan–Carter.

    07/25/2012 5:20:26 PM PDT · by SeekAndFind · 9 replies
    National Review ^ | 07/25/2012 | Jim Geraghty
    Republicans relish the tempting thought of history repeating itself: an incumbent Democratic president, widely perceived as a disappointment or a failure, heads into an election with seven out of every ten Americans believing the “country is in deep and serious trouble.” After dismissing his Republican challenger as an unserious joke, the hubristic incumbent loses the popular vote by a wide margin and the Electoral College by a landslide.And just think, Republicans have been comparing Barack Obama to Jimmy Carter since 2008.While Mitt Romney’s presidential campaign is sure to enjoy the comparisons of this year’s presidential election with the one...
  • Why has Democratic enthusiasm dropped since February?

    07/25/2012 5:13:47 PM PDT · by SeekAndFind · 12 replies
    Hotair ^ | 07/25/2012 | AllahPundit
    Erika touched on this earlier but I'm less interested in the four-year trends (enthusiasm overall is down this year compared to 2004 and 2008) than in the monthly trends. The last time Gallup asked voters if they're more or less enthusiastic to vote than usual was February, when the GOP led 53/45. Fast forward to this month's poll and the split is ... 51/39, with both parties' numbers having dipped but the Dems down more sharply. How come? Is it a seasonal thing in election years? Maybe, maybe not:Enthusiasm built steadily throughout the campaign in 2004 but it fell off...
  • Outrageous: Raleigh, N.C. CBS Affiliate Station WRAL Publishes Searchable Database

    07/25/2012 4:02:20 PM PDT · by Kaslin · 22 replies ^ | July 25, 2012 | Ken Shepherd
    *Corrected from earlier | WRAL, the CBS affiliate in Raleigh, N.C., recently published a searchable database of concealed carry licensees within the "WRAL viewing area, including Chatham, Cumberland, Durham, Edgecombe, Franklin, Granville, Halifax, Harnett, Hoke, Johnston, Lee, Moore, Orange, Nash, Northampton, Person, Sampson, Vance, Warren, Wayne, Wilson and Wake counties." Searches do not turn up names or street numbers, but they do give a number of permits issued to residents on that street. The search form for the database appears within a story filed July 12 (updated July 20 -- the day of the Aurora, Colo., shooting), entitled "Rural areas...
  • Bill O'Reilly: Pinhead

    07/25/2012 4:23:27 PM PDT · by Starman417 · 25 replies
    Flopping Aces ^ | 07-25-12 | CJ
    It's been nearly a week since the deadly shootings in Colorado and the choruses of gun control are more catchy and widespread than ever. Even so-called lovers of the Second Amendment are demanding crack downs. O'Reilly, to use his words, is a pinhead. Literally every point he made in this interview (re: interrogation) of Utah Congressman Jason Chaffetz was dead wrong. The gunman didn't purchase 60,000 rounds of ammunition, he had 6,000. But, the number doesn't really matter. He could have had 6,000,000 rounds of ammunition and that won't change the laws of physics and gravity that restrict how...
  • Busted… Team O Plants 3 “Surprised” Veterans at Out-of-the-Way Diner to Speak With Obama –

    07/25/2012 4:37:59 PM PDT · by Nachum · 50 replies
    The Gateway Pundit ^ | 7/25/12 | Jim Hoft
    What a coincidence! Obama just happened to find three friendly veterans in a booth at a Portland diner this week. It was a “surprise stop.” At least, that’s what local King5 told us.
  • Partners With Purveyor of Anti-Semitic Material Mondoweiss

    07/25/2012 4:08:23 PM PDT · by SJackson · 2 replies
    Algemeiner ^ | July 23, 2012
    Popular progressive online magazine recently announced a content sharing partnership with Middle East focused news website, a publication that has been described as a “virulent pusher of anti-semitic tropes,” and a “website that spouts anti-Semitism.” “Salon is proud to feature content from Mondoweiss, a news website devoted to covering American foreign policy in the Middle East, and the evolving debate over the Israeli-Palestinian conflict,” reads a release on Salon’s website. Criticizing the collaboration, blogger Elder of Ziyon referred to the move as “the mainstreaming of Jewish anti-semitism,” while he and others pointed to the site’s “obsession” with “Jewish...
  • Are You Better Off Today Than You Were Four Years Ago? Yes!

    07/25/2012 4:03:04 PM PDT · by SJackson · 16 replies
    FrontPage Magazine ^ | July 25, 2012 | Abraham Katsman
    - FrontPage Magazine - - Are You Better Off Today Than You Were Four Years Ago? Yes!Posted By Abraham Katsman On July 25, 2012 @ 12:25 am In Daily Mailer,FrontPage | 32 Comments Ever since Ronald Reagan posed the simple but clarifying query to voters — “Are you better off than you were four years ago?” — Presidential challengers have dusted off the question, hoping to use it as successfully as Reagan did.  With President Barack Obama presiding over a stagnant economy, high unemployment and accelerating deficits, Gov. Mitt Romney doubtless expects this question to resonate with voters.Yet, the answer...
  • Jobs Program Spent $76,000 Per Person To Help Youth Find Minimum Wage Jobs

    07/25/2012 5:06:32 PM PDT · by Nachum · 10 replies
    Breitbart ^ | 7/25/12 | Wynton Hall
    A new jobs training oversight report by Sen. Tom Coburn (R-OK) found that a federally-funded Oklahoma Job Corps program spent around $76,000 per person to help youth secure minimum wage jobs. The report, released Tuesday, comes 18 months after a Government Accountability Office (GAO) report that found that billions of taxpayer dollars are being poured into job training programs that benefit those who run them, not the unemployed workers they are supposed to assist. "Taxpayers should be appalled Congress has done nothing to reform these programs for more than 18 months," said Sen. Coburn. Sen. Coburn said he wanted to...
  • Senate Dems (without a budget) pass middle-class tax-rate extension in close vote

    07/25/2012 3:30:33 PM PDT · by Libloather · 13 replies
    The Hill ^ | 7/25/12 | Bernie Becker, Ramsey Cox
    Senate Dems pass middle-class tax-rate extension in close voteBy Bernie Becker and Ramsey Cox - 07/25/12 05:06 PM ET Senate Democrats narrowly pushed through a measure to extend tax rates for family income up to $250,000 for a year, as both parties continued their election-year messaging war on taxes. By a 51-48 tally, Democrats overcame two defections to win passage of a measure that would also raise the top rate on capital gains and dividends, as well as continue several targeted tax provisions that Democrats say help the middle class. Vice President Biden presided over the tally. He was in...
  • With VP Biden Presiding, Senate Passes Democrats’ Tax Cut Plan

    07/25/2012 4:54:37 PM PDT · by Sub-Driver · 18 replies
    With VP Biden Presiding, Senate Passes Democrats’ Tax Cut Plan Vice President Joe Biden made the rare move to come to Capitol Hill this afternoon and fill his seat as “president of the Senate,” presiding over the Senate as they cast two votes on dueling tax cut plans. In the end the vice president did not need to cast a tie-breaking vote, and the Democratic tax cut plan passed by a vote of 51-48. “The bill is passed,” Biden announced from the chair. Sen. Lieberman, I-Conn., and Sen. Webb, D-VA., voted against the Democrats plan. No Republicans voted with the...
  • President Obama: The Biggest Government Spender In World History

    06/16/2012 7:03:40 AM PDT · by Innovative · 19 replies
    Forbes ^ | June 14, 2012 | Peter Ferrera
    The U.S. has never before had a President who thinks so little of the American people that he imagines he can win re-election running on the opposite of reality. But that is the reality of President Obama today. President Obama's own 2013 budget shows that as a result federal debt held by the public will double during Obama's four years as President. That means in just one term President Obama will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined. But this 2012 election is defined for the voters by the...
  • Friends of Obama Allowed to Opt Out

    06/04/2012 6:56:14 AM PDT · by Kaslin · 13 replies ^ | June 4, 2012 | Lurita Doan
    Emigrant Bank was recently identified to receive a waiver that would allow the bank to opt out of rigorous Dodd-Frank requirements. These of course are the same new rules and regulations that Barack deems essential to the nation. Yet when the bank’s owner, Howard Milstein, who is a close friend and was a bundler for President Barack Obama’s 2008 campaign, protested that the new rules would seriously crimp operations of his bank, the Obama Administration worked with members of congress to grant him a waiver from the new rules. Other financial institutions and banks have consistently and vehemently argued that...
  • Obama's Black Friday

    06/03/2012 9:03:46 PM PDT · by ReformationFan · 21 replies
    Renew America ^ | June 3rd, 2012 | Alan Caruba
    Black Tuesday, October 29, 1929, marked the beginning of the Great Depression, but for Barack Obama, last Friday was Black Friday because the U.S. Department of Labor announced that only 69,000 jobs were added in May, well below expectations that it might reach 150,000. The official unemployment rate ticked up to 8.2 percent, but it is actually far closer to 15 percent. The news means that Obama's hope of being reelected ranges between slim to none. Beyond the current numbers, on Friday CNS News reported that 766,000 more women are unemployed than when he took office in 2009.
  • Obama to fight judge’s ruling EPA overstepped bounds in revoking coal mine permit

    06/03/2012 7:48:45 PM PDT · by Texas Fossil · 17 replies
    Unified Patriots ^ | June 2, 2012 | Lady Impact Ohio
    The sorry saga continues, as the Obama administration is intent on getting their way in everything and by any means possible. In January of 2011 I reported that the EPA had revoked the permit for an already-in-use coal mine in West Virginia, the Spruce Mine to be specific operated by Arch Coal, citing “violations of the Clean Air Act.” This unprecedented action struck fear in the hearts of not only coal companies who have invested millions of dollars and time into securing the necessary permits, but other business owners as well. After all, why would they want to invest in...
  • World of hurt: Global economy under threat as US job market falters and Europe and Asia slow

    06/03/2012 7:39:44 PM PDT · by 2ndDivisionVet · 18 replies
    The global economy's foundations are weakening, one by one. Already hobbled by Europe's debt crisis, the world now risks being hurt by slowdowns in its economic powerhouses. The U.S. economy, the world's largest, had a third straight month of feeble job growth in May. High-flying economies in China, India and Brazil are slowing, too...
  • Japan stocks tumble on U.S. data, rising yen

    06/03/2012 7:09:30 PM PDT · by bruinbirdman · 13 replies
    Market Watch ^ | 6/3/2012 | Michael Kitchen
    Japanese stocks opened sharply lower Monday, with stocks hit across the board in reaction to weak U.S. jobs growth and Wall Street losses, as well as gains for the yen hitting exporters. The Nikkei Stock Average -2.03% shot down 2.1% to 8,259.51 in the early minutes, while the broader Topix lost 2.2% to 693.51, falling below the 700 level to hit lows reportedly not seen since the 1980s. With the Japanese yen up significantly against the U.S. dollar and euro, shares of globally exposed firms were among the leading decliners. Toshiba
  • June 2012 could be America's pivotal month

    05/31/2012 7:58:53 AM PDT · by billorites · 5 replies
    Washington Examiner ^ | May 30, 2012 | Philip Klein
    June is usually a sleepy month during any presidential election, but not this year. Two events this month will not only affect the outcome of the presidential election, but also have a dramatic impact on the direction of the country, no matter who wins in November. On June 5, Wisconsin voters will decide whether or not to recall Republican Gov. Scott Walker. The vote will be the culmination of an 18-month campaign by big labor to thwart Walker's public sector union reforms, which are already loosening the stranglehold that the unions had on state and local budgets. With just a...
  • Friday's US Jobs Report Is So Stunningly Bad It's A Danger To The Global Economy

    06/03/2012 10:37:55 AM PDT · by Son House · 43 replies
    Business Insider ^ | Jun. 3, 2012 | AP Writers
    Alan Krueger, head of the president's Council of Economic Advisers, pointed out that the country has added jobs for 27 months in a row, including 4.3 million jobs in the private sector. The economy still has a few bright spots. Americans bought cars and trucks a strong pace last month, giving automakers their best May since 2008. Underscoring the challenge for Obama with five months to go in the campaign, a May poll by The Associated Press and GfK, a research company, showed that 52 percent disapproved of Obama's handling of the economy while 46 percent approved. Some financial analysts...
  • Politico Lets Obama Off Unemployment Hook: 'Bad Numbers Beyond His Control'

    05/25/2012 5:37:38 AM PDT · by governsleastgovernsbest · 14 replies
    NewsBusters ^ | Mark Finkelstein
    If between now and Election Day unemployment numbers improve, particularly if they dip below the 8% barrier, you know President Obama, with an MSM assist, will be out there pounding his chest about the number of jobs "he created." But when the unemployment numbers remain weak? Well, that's not Obama's fault. Just ask Mike Allen of Politico. On today's Morning Joe, trying to explain Obama's early campaign stumbles, Allen declared that certain factors, including the bleak job numbers, were "beyond the control" of Obama. View the video here.
  • Priest’s new book makes moral case for free-market economy

    05/25/2012 2:53:52 AM PDT · by iowamark · 8 replies
    The Daily Caller ^ | 05/22/2012 | Jamie Weinstein
    Formerly a left-wing activist who moved in the same circles as Tom Hayden and Jane Fonda, Father Robert Sirico shifted rightward on economic policy decades ago after debating a friend who believed in free markets. “Throughout my life, even when I have been terribly mistaken in my ideas, I have always been open-minded and honest in looking at opposing viewpoints,” Sirico said, recalling his ideological transformation. “So when I met a friend of a friend who had completely different ideas about how the economy functions and how society flourishes under the rule of law and economic liberty, I engaged him...
  • The facts about the growth of spending under Obama (Surprisingly decent analysis)

    05/25/2012 3:47:50 AM PDT · by markomalley · 9 replies
    Washington comPost ^ | 5/25/2012 | Glenn Kessler
    “I simply make the point, as an editor might say, to check it out; do not buy into the BS that you hear about spending and fiscal constraint with regard to this administration. I think doing so is a sign of sloth and laziness.”— White House spokesman Jay Carney, remarks to the press gaggle, May 23, 2012 The spokesman’s words caught our attention because here at The Fact Checker we try to root out “BS” wherever it occurs.  Carney made his comments while berating reporters for not realizing that “the rate of spending — federal spending — increase is lower under President...
  • USA Today: Real FY2012 deficit is … $5 trillion

    05/24/2012 10:07:34 AM PDT · by RobinMasters · 14 replies
    Hot Air ^ | MAY 22, 2012 | Ed Morrissey
    What would happen if Congress had to apply the regulations in Sarbanes-Oxley, Dodd-Frank, and other corporate accounting law to its own balance sheets? Instead of talking about trillion-dollar deficits, USA Today reports from its analysis, we’d be talking about five times that amount: The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis finds. Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the...
  • Obama's Fuzzy Logic Puts Us in the Rabit Hole!

    05/24/2012 10:29:37 AM PDT · by NOBO2012
    Michelle Obama's Mirror ^ | 5-24-2012 | MOTUS
    Four Words: Fuzzy Logic all around The Wons’ grueling campaign schedule continued… Three fund raising events for Big Guy, plus the Air Force Academy commencement speech, yesterday. And one for Lady M in Cleveland where she greeted the little people who worked diligently last time around to make sure that everyone had a chance to vote, at least once. And then they ran this iconic photo of the adorable little boy, rubbing Big Guy’s head to see if it felt like his own nappy (can I say that?) hair, or, maybe, just for “good luck”: Fuzzy Like Me
  • Obama's Fuzzy Logic Puts Us in the Rabit Hole!

    05/24/2012 10:29:45 AM PDT · by NOBO2012 · 1 replies
    Michelle Obama's Mirror ^ | 5-24-2012 | MOTUS
    Four Words: Fuzzy Logic all around The Wons’ grueling campaign schedule continued… Three fund raising events for Big Guy, plus the Air Force Academy commencement speech, yesterday. And one for Lady M in Cleveland where she greeted the little people who worked diligently last time around to make sure that everyone had a chance to vote, at least once. And then they ran this iconic photo of the adorable little boy, rubbing Big Guy’s head to see if it felt like his own nappy (can I say that?) hair, or, maybe, just for “good luck”: Fuzzy Like Me
  • The Obamunist-Controlled Press Has a Job to Do on Jobs

    04/20/2012 3:48:59 AM PDT · by Kaslin · 6 replies ^ | April 20, 2012 | John Ransom
    This week’s jobless claims came in higher than expected tending to confirm that the recovery is: 1) still very slow; and 2) jobless, despite attempts by the Obamunist-controlled press to paint a different picture.   Politico headlined that unemployment applications “decline slightly” this week.The Associated Press via the Chicago Sun Times- an Obamunist press if there ever was one- also reported that unemployment applications “decline slightly.” Reuters too skewed its headline: “US jobless claims edge down last week,” as did the New York Times: “US Jobless Claims Dip.”Depending on to whom you listened, the stock market was up early in trading...
  • Occupied with jobs, jobs, jobs

    10/30/2011 2:11:08 PM PDT · by Kaslin · 18 replies ^ | October 30, 2011 | Paul Jacob
    Has the country gone mad? No need to answer; the question is rhetorical. (In other words, I know the answer, too.) According to the Bureau of Labor, 14 million Americans together make up our dismal national unemployment rate of 9.1 percent. That figure doesn’t include the 9.3 million who have uncomfortably settled into part-time work, or the million additional folks who have become discouraged and stopped looking for work altogether. This is a depression. No doubt, some agency of government spares no expense cataloguing the psychiatric records needed to substantiate that diagnosis.President Obama campaigns across the country for his jobs bill...
  • GARY SHILLING: Here's Why The US Is About To Plunge Into A New Recession

    04/20/2012 3:19:42 PM PDT · by blam · 41 replies
    TBI ^ | 4-20-2012 | Simone Fox
    GARY SHILLING: Here's Why The US Is About To Plunge Into A New Recession Simone Foxman April 20, 2012, 3:48 PM Last week, Gary Shilling wrote a four-part series for Bloomberg View on why the U.S. economy is on the fast track to a brand new recession this year. While he pointed to various data points and recounted a number of anecdotes to prove his point, Shilling's argument was simple: the consumer strength we saw earlier this year was fleeting and highly accommodative policy from the Federal Reserve and the possibility of more quantitative easing are the only things propping...
  • The stunning chart that shows the Obama spending binge really happened (Up 25.3%)

    05/24/2012 2:37:05 PM PDT · by mojito · 20 replies
    The American/AEI ^ | 5/24/2012 | James Pethokoukis
    In a column on Tuesday, Rex Nutting of MarketWatch ran some budget numbers and concluded the following: "Almost everyone believes that Obama has presided over a massive increase in federal spending, an “inferno” of spending that threatens our jobs, our businesses and our children’s future. Even Democrats seem to think it’s true. But it didn’t happen...." The shocking, contrarian piece was widely circulated in liberal circles and was even cited on Wednesday by White House spokesman Jay Carney. But there were a few problems with Nutting’s numbers....
  • Sen. Tom Coburn: 'No doubt' US credit rating will be downgraded again

    05/24/2012 2:34:20 PM PDT · by SeekAndFind · 3 replies
    The Hill ^ | 05/23/2012 | Geneva Sands
    Sen. Tom Coburn (R-Okla.), a staunch fiscal conservative and Tea Party favorite, said he is certain that the United States will face another credit downgrade. "S&P's downgrade on us was right, matter of fact we're going to get another downgrade. I can tell you right now, you can have a great legal case for suing the rating agencies for not downgrading us again because we have not demonstrated the political will to solve the problems," said Coburn on CBS's midweek show "Face to Face," posted online Wednesday. The Oklahoma senator told CBS that he has "no doubt" that there will...
  • Obama: “Since I’ve Been President, Federal Spending Has Risen at Lowest Pace in Nearly 60 Years’

    05/24/2012 1:25:51 PM PDT · by Sub-Driver · 61 replies
    Obama: “Since I’ve Been President, Federal Spending Has Risen at Lowest Pace in Nearly 60 Years’ By Terence P. Jeffrey May 24, 2012 ( - President Barack Obama on Wednesday staked his claim to being the most effective fiscal conservative to serve in the White House in more than half a century. “Since I’ve been President, federal spending has risen at the lowest pace in nearly 60 years,” Obama said at a campaign event in Denver, Colorado. “Yes, we're going to streamline government,” Obama said. “There's more waste to be cut.” Inaugurated in Jan. 20, 2009, Obama has now presided...
  • Jay Carney Catches Fire On Air Force One, Blasts Media For Buying Into ‘BS’

    05/24/2012 1:31:53 PM PDT · by ColdOne · 23 replies ^ | 5/24/12 | Tommy Christopher
    Whatever they’re putting in Jay Carney‘s birthday cake, I want some. During a gaggle aboard Air Force One today, the just-47 White House Press Secretary woke up a sleepy press corps with a rant about fact-checking Republican talking points that, relatively speaking, nearly veered into Sam Kinison territory. Quoting from a recent MarketWatch commentary, Carney told the press “do not buy into the BS” about the Obama spending record, and that “doing so is a sign of sloth and laziness.” The substance of Carney’s rant is really quite simple: you see Republican flacks appearing on cable news shows all the...
  • Obama Whacks Republicans on Deficits Ahead of Stimulus Pitch

    05/24/2012 1:07:56 PM PDT · by antidemoncrat · 13 replies
    Fox News ^ | 5/24/2012 | Chris Stirewalt
    “[Republicans] run up these wild debts and then when we take over, we’ve got to clean it up.” -- President Obama speaking to donors in Denver touting the fact that federal spending has increased less than 2 percent since 2009.
  • Obama Has Overseen the Slowest Federal Spending Increase Since Eisenhower in the 1950's

    05/24/2012 1:04:23 PM PDT · by Ultra Sonic 007 · 31 replies ^ | 05/23/2012 | Joshua Kennon
    I have to applaud Rex Nutting over at The Wall Street Journal‘s MarketWatch site. He wrote a piece that explains the budget figures of the Federal government in the United States and, specifically, how those budget figures are influenced by various Presidential administrations. It’s the sort of thing that you take for granted everyone knows then you realize, often with horror, that almost no one knows it. That explains a lot of the terrible thinking you see in the broader population.Nutting examines Federal spending under various Presidential administrations and discusses a fact that is well known to anyone who understands...
  • How to make bama spending look small (Graphic )

    05/24/2012 11:13:04 AM PDT · by Ernest_at_the_Beach · 11 replies