Obama backing budgetary commission

As I stated earlier, you, Republican-Libertarians will have to, continually, face the fact that your guy, Bush&Cheney, brought this country to the brink, given his incompetence and malfeasance. President Obama didn't just take the oath of Office to our Presidency and our economy went into the toilet. It was there when he entered office. Who headed the previous administrations, prior to President Obama's taking the oath of Office, the most incompetent, and posssibly, the most malfeasant administrations in the history of our nation. President Obama and Vice-President Biden have tried their darnedest, to right this ship-of-state, but with the Republican-Libertarians, abandoning ship, it has been difficult for them and America !! I'm sue by their second term in Office, they will have, not only righted our ship-of-state, but they will have put us on a course that proves to be, smooth sailing. So, for their political future' sake, I hope the Republican-Libertarians, will once again, board our ship-of-state.
SUPPORT OUR TROOPS,BRING THEM HOME, ALIVE AND WHOLE. NOW.

Wow, another gabfest "Commission"!
To make the "hard choices" Obama himself won't make.

I know I'll take some heat for this but, we need to cut cost by:

1. Pulling out of Iraq and Afgan. This will save billions. These wars are useless. Chasing Bin Laden is like chasing Pancho Villa. He seems to be everywhere and nowhere. Just station quick strike forces to deal with him. Because, did we ever find Pancho Villa? I don't remember reading it in the History book.

2. The Federal needs to do an overhaul on hirings. If you are there 30 or more years. . you need to retire and let the younger folks take over. We need early retirements to help foster new ideas- instead of paper pushers.

3. Freeze all the federal pension until the economy improves. It's impossible to do this because of the union contracts; but, times are tough, everyone needs to sacrafice. When the economy picks up again, the pension will be reinstated with back pay if possible.

4. Expand Medicare to cover 55 and over. . .start modest on health care. I'm willing to pay a little bit more on my taxes to insure my fellow Americans.

5. Generate new revenues through leasing and selling of Federal assets. Problably not much but. ..who knows what is in the inventory.

6. Start a fund on paying the debt. A quick checkbox in the From 1040: Do you want to donate $3 toward the deficit? :-)

Just my two cents. Maybe it's comical. Maybe it can be real. . .who knows. It's good for reading. :-)

Hurry, lets pretend that we are doing something about the economy after a devastating Croakley loss.......
The empty suit Ozero is so predictable now, switching his views and focus depending on which way the wind is blowing and can't seem to pull himself out of campaign mode.

Delusional Don Fitzgerald: I understand why you are so in love with President Narcissist Obama; you're both delusional, deranged and just plain nuts.
With this most recent development, there no longer is any doubt that the biggest BS artist, the biggest liar, the biggest fraud in the history of this planet, is the whacked-out bozo that we now have for president.
Yes, Barack, you inherited an economy in recession. But, you and your Demoncratic cohorts in Congress are LARGELY to blame for the most recent and future shy-high deficits.
Barack, the folks are tired of you blaming others. The folks are tired of you not taking responsbility. The folks are tired of you passing the buck.
You, Peloony and Reid are responsible for this year's $1.5 trillion deficit. You three are responsible for next year's $1 trillion-plus deificit. Not Bush and not his tax cuts. The economy is heading toward a double dip recession because of you. The stock market collapsed this past week because of you. Higher taxes, out-of-control spending do not make an economy better. Bigger government does not make an economy better. The Bush tax cuts for ALL Americans DID NOT cause the recession. The housing collapse and high energy costs caused the recession. Out-of-control government is making it worse and making it last longer. Get out of dodge, President Narcissist Obama and let those with a clue run things. Shoo. Scat. Go away!! For the sake of mankind in general and this country in particular.

The president can only spend money Congress appropriates.And the one the common theme the last 3 years has been--Democrats controlling Congress.

The budget deficit was starting to shrink through 2006-2007--and then the Democrats took over Congress. With the result that, by 2009, the budget deficit had tripled even the 2008 figures. See http://gatewaypundit.firstthings.com/2009/10/us-budget-deficit-triples-under-obama-democrats-media-silent-update-dems-plan-2nd-stimulus/ for the facts.

For the forgetful, a reminder--Barack Obama was part of that Dem Congress prior to becoming president.

First, we all know that Bush and a handful of opportunists caused the problems in the banking industry, and we also know that the banking industry was just the tip of the iceberg. No real regulation occurred at all - not as regards food inspection, environmental matters, beef production...

Second, no matter what lack of US regulation the criminals in the banking community felt underpinned their behavior, their fraud was global and it surely violated some law somewhere. President Obama should have opened an investigation into who did what and charges should have been filed. I doubt that with criminal prosecutions hanging over them, the banking industry would be enjoying bonuses again this year.

Third, the Obama Administration has failed small banks and small business. They continue to, even though they recognize that small banks lend to small businesses and small businesses are responsible for job growth. So therefore this Administration is destroying this part of the economy by design.

So President Obama owes us some real explanations as to why he allowed the big banks to sit on our TARP money and benefit from it while strangling the life out of small banks and small businesses.

THIS GRAPH SAYS IT ALLLLLL!

http://gatewaypundit.firstthings.com/wp-content/uploads/2010/01/obama-deficit21.gif

Best evidence that not even President Obama takes seriously Obama's talk about the budget deficit "crisis":

The budget commission wouldn't operate until AFTER next November's election--10 months from now!

See http://www.politico.com/news/stories/0110/31899.html for the details the above article left out.

Feeling the Heat, Obama Pours Kool-Aid
By Jonah Goldberg

http://article.nationalreview.com/?q=YzliYWQxYzBiMzkwNTBkYmYxNDQ0NzRjNjk0NGE1OTI=

Denial, arrogance, and self-pity are ingredients for a pretty toxic cocktail. And yet it seems that the occupants of the White House bunker, shell-shocked by Scott Brown, are coping by mixing all three with a little Kool-Aid.

In an interview with ABC’s George Stephanopoulos, the president offered his nuanced analysis of the Bay State Götterdämmerung and his first year in office.

In short: “I did nothing wrong.”

In his first year as president, Obama has broken all records for talking directly to the American people. According to CBS News, he has delivered 411 public “speeches, comments, and remarks” and 158 interviews — more than one public statement per day and roughly an interview every other day.

The supposedly aloof Obama already personalizes things more than a host on The View. Every address is so laden with “me,” “myself,” and “I,” you’d think he was trying to fix the economy with a massive stimulus of personal pronouns.

First thing BO does is blame Bush. As the graph shows, the deficits under Bush were nothing as compared to BO's projected deficits - projected by BO!!!

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

He wants a "bi-partisan" commission created so he has political cover when this 18 member commision, which will have 10 democrats, will propose higher taxes to solve the deficit. A good common sense opinion piece from the Wednesday WSJ sums this up perfectly. The commission is set-up to do what Congress won't do - make tough decisions.

http://online.wsj.com/article/SB10001424052748704320104575015182266831538.html

Rodney King wants to decrease the defciit by increasing the size of gov't thru Medicare expansion. Who taught you math?

DGS,

"we all know that Bush and a handful of opportunists caused the problems in the banking industry" - Step away from the Kool-Aid down. Gov't intrusion was the casue of the mortgage meltdown.

Some facts:

* On March 14, 2008, then Sen. Obama voted in favor of the 2009 budget which authorized $3.1 trillion in federal outlays along with a projected $400 billion deficit. The 51-44 vote that morning was strongly along party lines with only two Republicans saying "Yes."
* When the final conference report was presented to the House on June 5, not one Republican voted for it.
* This means the 2009 budget was almost exclusively approved by Democrats, with "Yeas" coming from Obama, his Vice President Joe Biden, his Chief of Staff Rahm Emanuel, and his Secretary of State Hillary Clinton.
* On October 1, 2008, Obama, Biden, and Clinton voted in favor of the $700 billion Troubled Assets Relief Program designed to prevent teetering financial institutions from completely destroying the economy.
* In February, 2009, a $787 billion stimulus bill was passed with just three Republican votes, and later signed by Obama.
* Weeks later, Congress approved and Obama signed $410 billion of additional spending.

Add it all up, and Obama approved every penny spent in fiscal 2009 either via his votes in the Senate or his signature as President.

Read more: http://newsbusters.org/

Mr. Nobama,... 2 + 2= 4 you need not go any further. My wife and I are on a fixed income, and we can not spend more than what's coming in, neither can YOU!. Enough said.

First, we all know that Bush and a handful of opportunists caused the problems in the banking industry,
Posted by: DGS | January 24, 2010 11:44 AM

=======
BETTER CHECK YOUR HISTORY BOOKS AGAIN . . . BARNEY FRANK HAD NOTHING TO DO WITH IT, RIGHT?

Another commission, another smoke screen. Obama keeps playing political games while our economy goes down the drain. Don't you love this change.

"not an amnesiac..", you point out some inconvenient facts. People like Mark Silva want to pretend that BO is a babe in the woods that was born on 1/20/09, and that the poor dear "inherited" deficits. As if he had no part in their creation. As you pointed out, BO et al. voted for the 2009 budget. What you didn't mention is that Bush submitted a 2009 budget with a ridiculous deficit. The Dems, including BO, said not so fast. I couldn't believe it. Are Dems really going to be the party of fiscal sanity? Nope. Their problem with the proposal was not that the deficits were too high. Their problem was that the Bush proposal didn't have enough deficit spending, so BO et al. added some more red ink and passed it. As far as TARP, you are right again that BO voted for that. What you could have also mentioned is that not only did BO vote for it, but he actually campaigned for it as the Dem nominee and de facto head of the party, his allies in Congress manipulated the release of TARP funds so BO could spend the second half of it, and that BO has acknowledged on multiple occassions the necessity of, and his role in, passing TARP. The final piece to these ridiculous deficits is the debacle of the Stimulus. Not even Silva disputes that is BO's baby entirely. So contrary to the characterization of BO "inheriting" a deficit, I think most rational Americans know a better way to say it is that he is now managing a deficit that he helped create, while trying to avoid any responsibility for his part in it. Even if you have horse blinders on like Mark Silva and want to completely discount his contribution to the deficit before he was elected, what can't be disputed is that BO's own numbers project ridiculous deficits into the next decade, with an upward curve toward the end. So at the end of the day, he has helped create a deficit he won't take any responsibility for, has thrown gasoline on the fire since becoming POTUS, and has broken his campaign promise of being fiscally responsible. However, as long as there are enough people to make apologies and excuses for him, he has no reason to change this course and bring this country back into some semblance of fiscal sanity. Thankfully, enough Americans are starting to ignore apologists like Silva and demand some fiscal responsibility from BO and Washington.

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Terry, your point about the joint comission is right on. BO needs political cover for when he inevitably breaks his no (direct) taxes for the middle class promise. I thought it was strange when he made that promise. How will he spend all this money on his agenda, yet not raise taxes? Oh. I get it now. We just won't pay for it now.

Try all you want, Bush&Cheney fringe, the damaged your Incompetents had accomplished, long before Representative Franks and the committee he chairs, could do anything. As a matter of fact, Phil Gramm's observation during "Crash " McCain's failed presidential bid, that we are a nation of " whinners " was half right. If he had limited his observation to the troops he was leading, the Republican-Libertarians, he would have been dead right, rabidly right !! All the lying, by the wrecking Republican-Libertarians, is to distract everyone from the fact, that the pathetic gaggle, voted those clowns into Office, twice. Can you believe that !!? Twice !!!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

Would that he was teachable.

one thing I know is that arguing about who is at fault and name calling will not solve the problem. Many economists say we did not do a big enough stimulus and that is why we are still in this mess. I think only God knows when we will get things straight -- everything happens for a reason. The rest of us should cool it so we don't elevate our blood pressure over things we have no control of.

I have pointed out a few programs done by Frontline on PBS that shows who is responsible for what led to our economy going into this latest meltdown. But, I see that the Liberals do not watch the tax sponsored programming. And they do not understand how Congress works. All spending and appropriation bills start in the House of Representatives and must be approved by the Senate. Liberals will not even go to the Open Congress website where they would see that the Republicans introduce a number of healthcare reform bills before the Democrats introduced theirs. They will also not look back at the compromises that were made on Bush's last three budgets. And all the pork and earmarks that were added or how with every bill to fund the wars pork and earmarks was added so that the Democrats and some Republicans would pass the bills. It's all a matter of the public record but, liberals have been known to never let a fact or a lie stopped their propaganda. It is funny how the Liberals kept up the propaganda about how the majority of the people were supporting the liberal healthcare bill, when day after day poll after poll showed this to be a lie. Obama has an opportunity to correct the course that his administration has taken to the far left and bring it back towards the center. We can still have healthcare reform but I cannot be dictated by the Liberals only. The Liberals only account for 1/5 of the voting population and the 4/5 that make up the majority do not want a takeover of healthcare but real reform. Maybe now bills that are introduced by conservatives will be reported on and debate on the floor in the House of Representatives and not held up in committee. We shall see if the liberal controlled Congress gets it because if they had not learned by now they will come November. And before long the attacks on banking will be seeing for just what they are and the majority once again we'll let the liberals know they do not approve.

Here is another look at the same topic, " Crooks ", that you are pushing, because you think " Frontline " treated the unraveling of our Banking Corporations, fairly. Here is another look:

Respective versions of the legislation were introduced in the U.S. Senate by Phil Gramm (Republican of Texas) and in the U.S. House of Representatives by Jim Leach (R-Iowa). The third lawmaker associated with the bill was Rep. Thomas J. Bliley, Jr. (R-Virginia), Chairman of the House Commerce Committee from 1995 to 2001.
The House passed its version of the Financial Services Act of 1999 on July 1st by a bipartisan vote of 343-86 (|Republicans 205–16; Democrats 138–69; Independent/Socialist 0–1),[3] [4] [5] two months after the Senate had already passed its version of the bill on May 6th by a much-narrower 54–44 vote along basically-partisan lines (53 Republicans and one Democrat in favor; 44 Democrats opposed).[6] [7] [8] [9]
When the two chambers could not agree on a joint version of the bill, the House voted on July 30th by a vote of 241-132 (R 58-131; D 182-1; Ind. 1–0) to instruct its negotiators to work for a law which ensured that consumers enjoyed medical and financial privacy as well as "robust competition and equal and non-discriminatory access to financial services and economic opportunities in their communities" (i.e., protection against exclusionary redlining).[10]
The bill then moved to a joint conference committee to work out the differences between the Senate and House versions. Democrats agreed to support the bill after Republicans agreed to strengthen provisions of the anti-redlining Community Reinvestment Act and address certain privacy concerns; the conference committee then finished its work by the beginning of November.[8] [11] On November 4th, the final bill resolving the differences was passed by the Senate 90-8,[12] [13] and by the House 362-57.[14] [15] This legislation (whose voting margins, if repeated, would easily have overcome any Presidential veto) was signed into law by Democratic President Bill Clinton on November 12, 1999.[16] Source:Wikipedia.
Is that ACORN, the Republicans-Libertarians were already trying set up to be the scapegoat for the greed of the Weasels of Wall Street !!? Could it possibly be !!?
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

Geez, " Crooks ", did you get busted or does that Corporation have your tongue !! No response to your phony charges against the Democrats for the rampant greed that shoved this nation's economy into a toilet !! Frontline and all, they have it wrong, but if that's your story, stick with it. It isn't going to get your gang, one more vote. Lies and distortions by your gang, are what elected President Obama. So, keep up that good work, for the fear and smear machine of the Republican-Libertarians gang.
By the way, that excerpt I reprinted, above, was in reference to the Gramm-Leach-Blily Act of 1999. The one that gave the Banks the privilege of robbing our nation, thanks to the Republican-Libertarians. You can even find there, that ACORN was not responsible for the housing bubble. No kidding !!
SUPPORT OUR TROOPS, BRING THEM HOME, ALIVE AND WHOLE. NOW.

FITZ - you got your facts correct "to strengthen provisions of the anti-redlining Community Reinvestment Act" - You identify the smoking gun - this led to more loans going to people that could not afford them.

But then you come to this stupid conclusion "Is that ACORN, the Republicans-Libertarians were already trying set up to be the scapegoat for the greed of the Weasels of Wall Street !!? Could it possibly be !!?" Must of been a lot of tin-foil you rec'd today.

Don Fitzgerald did you go and see the programs. A lot of the stuff in the program is on the record and in their own words.