Posted on 07/15/2010 5:39:03 AM PDT by STONEWALLS
America's economy is failing to produce jobs, increase growth or raise confidence, and it will likely get even worse next year. Our federal government's spending has increased to $3.7 trillion this year from $2.98 trillion in 2008. Publicly held national debt is up by $2.4 trillion in less than two years, to about 63% percent of GDP from 40%, and is expected to reach 70% by 2012. Add in the unemployment rate, which has remained above 9.4% for over a year, and America is clearly failing economically.
Next January the economy will be further depressed by increasing tax rates. The top income tax rate will rise to 39.6% from 35%, and the phase-out of itemized deductions and personal exemptions will effectively lift the top bracket to about 40.8%. On New Year's Day the tax on dividends is scheduled to go up to 39.6% from 15%, and come 2013, ObamaCare will add another 3.8%.
Other bad public policies will further drag down the economy. ObamaCare will increase individual costs and expand the deficit. Failing energy policies, from Washington's inept response to the Deepwater Horizon oil spill to its effort to limit tapping America's oil supplies, will drive up our use of imported foreign oil beyond the current 67% of our country's oil consumption.
(Excerpt) Read more at online.wsj.com ...
"That is not surprising, and there are some obvious factors that suggest she might have a chance of defeating President Obama if she were to challenge him for the 2012 Democratic nomination."
Pete DuPont has sniffed way too much gunpowder.
Was it his brother who rode his tank down the lane and asked if his neighbor (the man he would later murder) could come out to play? I know it was a DuPont. Just can’t remember which one.
Possibly El Rushbo’s opportunity to implement ‘OPERATION CHAOS II’?
I think it was John DuPont that shot a wrestler back in the 90s?
Operation Chaos I got us Obama. The PUMAs were the left’s answer to Operation Chaos.
I’ve said it time and again here on FR...Hill and Bill are about to come out swinging. She wants the job in 2012 and she sees and opening...
I’m sorry I voted for him a hundred years ago or so in a primary.
meh
...”Possibly El Rushbos opportunity to implement OPERATION CHAOS II?”
....good point...any talk/support of Hillary is good news IMHO...it all helps create doubt/fear in the Dem ranks...plus it soaks up energy in the adninistration fighting off things like this.
Yeah, that’s the ticket! Let’s find another incompetent commie stuffed suit to fracture the Democrats!
If she wants to do this she needs to bail as Sec of State before the fit hits the shan. A hard rains-a-gonna fall and if Hillary gets caught playing with “reset” buttons instead of wearing hawk feathers she might look foolish.
....yes exactly and as Rush says Bill is chomping at the bit to get back in the WH
You mean make Hillary Clinton the person who will be president if he dies? I'd think about that one.
Who let the hogs out!
No Democrat can displace BO and go on to win the general election.
He would have to step aside, which I don’t see, or his puppetmasters would have to remove him, which I can see.
A fresh martyr has more utility than a failed prophet.
Your choices were him, Bush I, Dole Robertson and Kemp. I supported Dole (don't ask my why). That was not a good year.
Clinton operatives like James Carville and Eskine Bowles are alreading laying the ground work for Hillary to challenge Urkel for the nomination. Look for Hillary to step down early next year to take care of Bill after another “health crisis” - the devoted wife who gave up her post to care for her husband. Bill will then rapidly recover, and, out of “a sense of duty”, Hillary will announce that she will seek the nomination in 2012.
So...Hillary is out best hope? Geeze, we are soooo screwed.
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