Harry Reid dementia seems to have taken a sudden turn for the worse. He said with an odd little smile on his face, “we’d be in a worldwide depression.”
Harry Reid’s fumbling, bumbling, mumbling conclusion to his debate with Sharron Angle last week was tough to watch, but now his dementia seems to have taken a sudden turn for the worse.
“But for me,” Reid said with an odd little smile on his face, “we’d be in a worldwide depression.”
No, really, that’s what he said. It’s looped three times on this clip because you won’t believe you heard it correctly the first time nor the second time.
We sincerely hope his family can find a nice retirement home in Searchlight for the kindly old codger.
Barack Obama claims that he hasn’t seen any plans from Republicans. How about this one from House Republican leader John Boehner.
Barack Obama claims that he hasn’t seen any plans from Republicans. How about this one from House Republican leader John Boehner.
The Ohio Republican told Good Morning America that both parties should work together to create jobs by cutting spending to 2008 levels and freezing all tax rates for two years.
“What I’d like to do is work on a bipartisan basis to do two things. First, instead of waiting until after the election to put together some big omnibus spending bill with a bunch of wasteful spending, why wouldn’t we do this? Why don’t we pass a bill this month at 2008 spending levels — before the TARP, before the bailouts, before the ‘stimulus’ — and let’s put some certainty in the economy. … Secondly, why wouldn’t we work together to make it clear that all current tax rates will be extended for the next two years? What that will do is help small businesses, who have no clue what the coming tax rates are going to be, and give them some certainty. If we’re able to do this together, I think we’ll show the American people that we understand what’s going on in the country and we’ll be able to get our economy moving again and get jobs growing in America.”
Of course, George Stephanopoulos looked at him like he had two heads. Which, of course, would be two more than the Democrats seem to have these days.
One: He’s officially started to talk down expectations. Two: He’d much rather have the election thought of as a referendum on the economy than as a referendum on his socialist policies.
Two interesting things about this clip.
One: He’s officially started to talk down expectations. Two: He’d much rather have the election thought of as a referendum on the economy than as a referendum on his socialist policies.
America honors its greatest leaders by putting their likenesses on its currency. We believe it’s high time that Barack Obama, The Greatest President In History, receives this same honor. Unfortunately, most of the bills are taken.
America honors its greatest leaders by putting their likenesses on its US currency. We believe it’s high time that Barack Obama, The Greatest President In History, receives this same honor. Unfortunately, most of the denominations are taken.
For example, a likeness of George Washington, our nation’s first president and leader of the American Revolution, graces the one dollar bill.
“Honest” Abe Lincoln, the revered leader who lead our nation through its darkest hour, appears on the five dollar bill.
On the same day that he bragged that the worst of the recession is over, the Dow Jones tumbled 265 points and followed that up with another 59 point loss on Thursday after the Fed downgraded its forecast for economic recovery and the likelihood of a double-dip recession increased.
Bad timing on President Obama’s part.
On the same day that he bragged that the worst of the recession is over, the Dow Jones tumbled 265 points and followed that up with another 59 point loss on Thursday after the Fed downgraded its forecast for economic recovery and the likelihood of a double-dip recession increased.
What? Me worry about the economy?
The day’s newspaper headlines included, “Unemployment claims rise to six month high,” “You unemployment hits record high,” “July deficit adds $165.04 billion,” and “30,000 line up for hand-outs.”
Nevertheless, President Obama refused to bow to reality (he reserves his bowing for America’s enemies) and “insisted the worst of the recession is over as he signed legislation suspending duties on hundreds of imports.”
“So while we have fought back from the worst of this recession, we’ve still got a lot of work to do,” the Propagandist In Chief added. “We’ve still got a long way to go. And I’m more determined than ever to do every single thing we can to hasten our economic recovery and get our people back to work.”
Every single thing? So cutting taxes is on the table. Nah, who are we kidding?
Good lord, man, if this is a “recovery summer,” we’d hate to see a recessionary summer.
AFL-CIO head honcho Richard Trumka actually called the deficit problem fiction and said, “We don’t have a deficit problem. Every economist in the country knows that.”
AFL-CIO head honcho Richard Trumka has apparently gone off his meds and needs to get back on them immediately.
He actually called the deficit problem fiction and said, “We don’t have a deficit problem. Every economist in the country knows that.”
No, Richard, what we have is a union problem. A moron problem. A head up our ass problem. A “I’m-gonna-say-something-really-stupid-and-the-liberal-media-outlet-won’t-have-enough-integrity-to-call-me-on-it problem.” A “What you talkin’ about, Willis?” problem. A lust for power problem. A socialist utopia problem. A problem dealing with reality problem.
Steve Wynn: “Macau has been steady. The shocking, unexpected government is the one in Washington.” He’s concerned about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law.
Mandatory viewing is required of the following video. Then send the link to this page to your favorite elected officials.
Just a few common sense quotes from the video that takes more than the single remaining neuron in Washington to process:
“Is there a businessman or a media person in America that […] isn’t frightened about the next crazy idea coming from Washington?”
“The financial institutions, the cars, the businessmen, the taxes, the healthcare, everything is cookoo and God knows what’s next”
Wynn speaks of “wild, uncontrolled spending,” and “unbelievable, unsustainable debt”. As he plans to split his company headquarters between Las Vegas and Macau, with a bigger emphasis on Macau because of its tremendous profitability, he has no qualms about dealing with the Chinese government.
“Macau has been steady. The shocking, unexpected government is the one in Washington.”
He’s concerned about the prospect of inflation, of FHA repeating the mistakes of Fannie and Freddie, and the cost to business from the new healthcare law. “We’re on our way to Greece, in the hands of a confused, foolish government,” Wynn says. “It’s got to stop. It’s got to stop.”
If the crack IHTM.com team hadn’t blown all our petty cash in Wynn’s casino, we’d buy him a drink!
Just a few weeks ago, President Obama and Vice President Biden foolishly began touring the country and touting what they called “Recovery Summer.” Unfortunately, the economy has refused to cooperate. And the American people are calling it the Horse Hooey Summer.
Hang ten, Moondoggie. It's Barack Obama's Recovery Summer!
Just a few weeks ago, President Obama and Vice President Biden foolishly began touring the country and touting what they called “Recovery Summer.” Unfortunately, the economy has refused to cooperate. And the American people are calling it the Horse Hooey Summer.
Qunnipiac University has the depressing numbers:
The U.S. remains in a recession, 79 percent of voters tell the independent Quinnipiac University poll, compared to 74 percent who felt that way in May and 71 percent who said so in May of 2008, when the economy began its slide.
American voters say 52 – 44 percent the economy is not beginning to recover. Only 23 percent say the economy is getting better, while 31 percent say it is getting worse and 44 percent see no change. In May, 32 percent of voters thought the economy was getting better, while 24 percent said it was getting worse and 43 percent saw no change.
Summer of Recovery doesn’t seem to be working. And Summer of our Discontent makes a lousy slogan.
It’s a quandrey for the President. What’s a socialist to do?
All the road signs say, “Bridge out ahead”, but President Obama wants to step on the gas and race down the road even faster.
Obamanomics explained in one simple photo
All the road signs say, “Bridge out ahead”, but President Obama wants to step on the gas and race down the road even faster.
The Associated Press reports the President’s delusional economic outlook:
President Barack Obama implored heartland voters Thursday to believe his economic policies averted impending disaster, pushing a hard-to-swallow message to people whose support Democrats need this November.
“What is absolutely clear is we’re moving in the right direction, we’re headed in the right direction,” Obama said at an electric truck factory here, before a pair of campaign appearances for Senate Democratic candidates in Missouri and Nevada.
Obama jabbed Republicans who are threatening to swamp his party in the upcoming elections, though none by name. “There are some people who make the political calculation that it is better to say no to everything than lend a hand,” he said.
Seems to us that the Democrats have become the Party of No: No compromise. No rational economic theory. No listening to the American people.
Wow. Just wow. Nancy Pelosi on Thursday made herself the odds on favorite to win the award for “Stupidest Quote of 2010.” We realize we’re only half way through the year, but this one is going to be tough to beat.
Wow. Just wow. Nancy Pelosi on Thursday made herself the odds on favorite to win the award for “Stupidest Quote of 2010.” We realize we’re only half way through the year, but this one is going to be tough to beat.
In the words of Gateway Pundit, “Only a government bureaucrat would think paying someone for not working is a job creator.”
NOTE: As a result of the Botox injections, Nancy says everything with a straight face. So there is a possibility that she was making a joke, but no one could tell. One can only hope.
It always seems to be the young who suffers the most in bad economic times like these. And we can’t help but wonder why dirty old men should benefit from this innocent young girl’s misfortune?
It always seems to be the young who suffer the most in bad economic times like these. And we can’t help but wonder why dirty old men should benefit from this innocent young girl’s misfortune?
The other ABC, the Australian Broadcasting Company, allows John Clarke and Brian Dawes to answer the most important questions about the European and worldwide debt crisis.
The other ABC, the Australian Broadcasting Company, allows John Clarke and Brian Dawes to answer the most important questions about the European and worldwide debt crisis.
Last quarter, economic growth came in at 5.7%. This week the latest quarter’s number came in and growth was just 3.2%. The President’s response?
Last quarter, economic growth came in at 5.7%. This week the latest quarter’s number came in and growth was just 3.2%.
The President’s response?
“The economy that was losing jobs a year ago is creating jobs today. After the single biggest economic crisis in our lifetimes, we’re heading in the right direction. We’re moving forward. Our economy is stronger — that economic heartbeat is growing stronger. But I measure progress by a different pulse.”
The economy slows down and the President says we’re making progress. Iran continues making nuclear weapons and insulting the United States and Obama says we’re making progress. The deficit continues to skyrocket and Obama says we’re making progress.
This, apparently, is what being a progressive is all about.
Don’t blame unemployment on the Obama administration. Blame it on global warming. That’s what White House economic advisor Larry Summers says.
Global warming has caused gangs of unemployed hooligans to take to the streets
Don’t blame unemployment on the Obama administration. Blame it on global warming. That’s what White House economic advisor Larry Summers says.
He actually said this winter’s blizzards would cause unemployment to spike, but other voices in the administration have already blamed the cold weather on global warming. So it stands to reason that the administration’s official position must be that global warming is causing unemployment.
Reuters reports the details:
“The blizzards that affected much of the country during the last month are likely to distort the statistics. So it’s going to be very important … to look past whatever the next figures are to gauge the underlying trends,” Summers said in an interview with CNBC, according to a transcript.
Construction activity was hit particularly hard by the storms, but many restaurants and stores also had to close, putting the brakes on hiring plans and temporarily throwing some employees out of work.
We are, of course, highly-trained economists here at IHateTheMedia.com and our theory is that unemployment won’t start to decrease until this crew in Washington joins the ranks of the unemployed.
The climate’s not looking very good for them at the moment. And it has nothing to do with global warming.
ABC News said Tuesday that it plans to substantially cut its staff as part of a “fundamental transformation” of the news division at the Walt Disney-owned US television network.
Hundreds are losing their jobs, but don't worry because Diane Sawyer is keeping hers
These are dark days for the mainstream media. Or, more properly, these are dark days for the people who work in the mainstream media.
AFP reports the latest layoff news:
ABC News said Tuesday that it plans to substantially cut its staff as part of a “fundamental transformation” of the news division at the Walt Disney-owned US television network.
ABC News president David Westin, in an email to ABC News employees, said all news department staffers would receive buyout offers in the next few days.
“The response to this voluntary program will determine the extent to which we will need to make further reductions,” he said.
Westin did not say how many jobs the company was seeking to eliminate but he said the restructuring of the news operation to take advantage of digital technology will result in “substantially fewer” people on staff at ABC News.
The Los Angeles Times, citing unidentified newsroom employees, said the network was looking to cut as many as 300 jobs, or around 20 percent of its total staff of around 1,400. The New York Times put the figure at up to 400.
Diane Sawyer didn’t get laid off, did she? No? She’s still safe? OK, then all is still right with the world.
Arthur Laffer, President Reagan’s favorite economist and creator of the famous Laffer Curve, believes the economy is headed for a “train wreck” in 2011. And he thinks it will be so bad that the current recession look like the good ol’ days by comparison.
Coincidentally, the Laffer Curve also shows the relationship between taxes and President Obama's approval rating
Arthur Laffer, President Reagan’s favorite economist and creator of the famous Laffer Curve, believes the economy is headed for a “train wreck” in 2011. And he thinks it will be so bad that the current recession look like the good ol’ days by comparison.
Human Events reports the details:
In a wide-ranging discussion about where the economy is headed, and the fiscal, tax and monetary reasons why, Laffer gives a bleak forecast of where President Obama and his administration are taking the country in the next three years — which he predicts will end with Obama’s defeat in 2012.
“Obama is a fine, very impressive person. He really is. Unfortunately, everything that he is doing in economics is exactly wrong. He is a crappy president,” Laffer said.
“Whenever a country is in the throes of spending too much and raising taxes, it’s a fiscal catastrophe in the making and this is what is happening now,” he said.
“Crappy,” of course, is a highly-technical economic term that means “socialism doesn’t work.”
…When I ordered a burger at McDonald’s and the kid behind the counter asked, “Can you afford fries with that?”
…CEO’s are now playing miniature golf.
…If the bank returns your check marked “Insufficient Funds,” you call them and ask if they meant you or them.
…Hot Wheels and Matchbox stocks are trading higher than GM.
…McDonald’s is now selling the 1/4 ouncer.
…Parents in Beverly Hills fired their nannies and learned their children’s names.
…A truckload of Americans was caught sneaking into Mexico.
…Dick Cheney took his stockbroker hunting.
…Motel Six won’t leave the light on anymore.
…The Mafia is laying off judges and Exxon-Mobil laid off 25 Congressmen.
And, finally…
…I was so depressed last night thinking about the economy that I called the Suicide Lifeline. I got a call center in Pakistan. When I told them I was suicidal, they got all excited, and asked if I could drive a truck.
The whole “jobs created or saved” storyline created by the White House was silly to begin with. But it becomes even funnier when Obama sends his advisors out to talk it up on the Sunday talk shows and they quote wildly different numbers.
The whole “jobs created or saved” storyline created by the White House was silly to begin with. But it becomes even funnier when Obama sends his advisors out to talk it up on the Sunday talk shows and they quote wildly different numbers.
Politico.com reports:
The discrepancy was pointed out by a Republican official in an email to reporters noting that “Three presidential advisers on three different programs [gave] three different descriptions of the trillion-dollar stimulus bill.”
Valerie Jarrett had the most conservative count, saying “the Recovery Act saved thousands and thousands of jobs,” while David Axelrod gave the bill the most credit, saying it has “created more than – or saved more than 2 million jobs.” Press Secretary Robert Gibbs came in between them, saying the plan had “saved or created 1.5 million jobs.”
We know three jobs that shouldn’t be saved and never should have been created.
You’ll never learn this from the biased liberal media, but Barack Obama is Chicago’s answer to malaprop-prone comedian Norm Crosby. He has a habit of throwing out those big ol’ Harvard vocabulary words while intending to use words with completely different meanings, but similar sounds.
You’ll never learn this from the biased liberal media, but Barack Obama is Chicago’s answer to malaprop-prone comedian Norm Crosby. He has a habit of throwing out those big ol’ Harvard vocabulary words while intending to use words with completely different meanings, but similar sounds.
For example, last month he said we were on “precipice” of achieving universal health care. The second meaning of precipice is “The brink of a dangerous or disastrous situation” and although we’re confident that’s not the meaning President Obama meant to convey, we have to give him credit for refreshing honesty.
Now, perhaps, we’re being too harsh on the President. After all, the first meaning of precipice is “an overhanging or extremely steep mass of rock, such as a crag or the face of a cliff” and for all we know he said it while standing on the edge of Mount Rushmore surveying where his giant head should go.
(But then this morning, as you can see in the video, we watched him not even being able to pronounce the fancy-shmancy word in his “Kill the Bankers” populist speech.)
Lest you think he simply misspoke the first time, check out this report from ABC News:
“President Obama said this evening that the nation is on the ‘doorstop’ of accomplishing the health insurance reform, and Republicans will be mistaken if they believe they can campaign against it during this year’s midterm elections.
Of course, we assume he meant doorstep, since a doorstop is “an object or device used to hold a door open or closed, or to prevent a door from opening too widely.”
If he actually used the word he intended to use, there can only be one conclusion:
The President knows ObamaCare is going to fail and he intends to use the 2000-page bloated pig of a bill to prop open the door to the Oval Office to provide even easier accesss for union leaders and lobbyists.
The Chinese may be building toward the biggest bubble in human history. Instead of erecting a building or even a complex, they’re building an entire city.
The Chinese may be building toward the biggest bubble in human history. Instead of erecting a building or even a complex, they’re building an entire city. And with the economic downturn, it’s emptier than Al Gore’s soul.
The frightening thing is watching how quickly so many counties turned purple over the course of the last two years.
President Obama said there are no red states and there are no blue states, just purple states.
We don’t know if that’s why AmericanObserver.net used the color purple to represent the highest unemployment rate on this animated map, but it wouldn’t have been a bad idea.
The frightening thing is watching how quickly so many counties turned purple over the course of the last two years.
Team Obama comes from an insulated world of professorial tenure and union job security. They’ve never hired anyone. They’ve never fired anyone. They’ve never had to deal with profits and losses. They’ve never had to lose a minute’s sleep worrying about paying the rent or making payroll.
No wonder the economy is such a mess. President Obama has put together a team of Ivy League eggheads with no experience in the real world.
Here’s how the American Enterprise Institute explains it:
A friend sends along the following chart from a J.P. Morgan research report. It examines the prior private sector experience of the cabinet officials since 1900 that one might expect a president to turn to in seeking advice about helping the economy. It includes secretaries of State, Commerce, Treasury, Agriculture, Interior, Labor, Transportation, Energy, and Housing & Urban Development, and excludes Postmaster General, Navy, War, Health, Education & Welfare, Veterans Affairs, and Homeland Security—432 cabinet members in all.
When one considers that public sector employment has ranged since the 1950s at between 15 percent and 19 percent of the population, the makeup of the current cabinet—over 90 percent of its prior experience was in the public sector—is remarkable.
And here’s how Jimi Hendrix explains it:
It’s frightening. Truly frightening. Team Obama comes from an insulated world of professorial tenure and union job security. They’ve never hired anyone. They’ve never fired anyone. They’ve never had to deal with profits and losses. They’ve never had to lose a minute’s sleep worrying about paying the rent or making payroll.
Barack Obama not only creates jobs where none exist, he creates entire congressional districts where none exist.
Obama's Imaginary Congressional District Czar researching the number of jobs that have been saved or created
No wonder his admirers think Barack Obama is The Greatest President In History. The guy not only creates jobs where none exist, he creates entire congressional districts where none exist.
“The Obama administration,” ABC News reports, “under fire for inflating job growth from the $787 billion stimulus plan, slashed over 60,000 jobs from its most recent report on the program because the reporting outlets had submitted ‘unrealistic data,’ according to a document obtained by ABC News.”
For example, Alabama’s Talladega County claimed 5,000 jobs had been saved or created from only $42,000 in stimulus funds. Ohio’s Belmont Metropolitan Housing Authority reported 16,120 jobs saved or created thanks to $1.3 million in stimulus money. Alabama’s Shelton State Community College used $27,000 in stimulus funds to save or create 14,500 jobs. And Alaska’s Alkan Builders used $11 mil to save or create 3,000 saved or created jobs.
Unfortunately, the reporting was bogus and all those jobs have been quietly subtracted from the 1,000,000 jobs Obama now claims he’s saved or created.
But the Obama administration, never sticklers for the truth, also claimed that Arizona’s 15th congressional district was able to use $761,420 to save 30 jobs. In one Iowa district, $10.6 million spent to create 39 jobs. And another 25 jobs were created in Connecticut’s 42nd district.
Problem is, those congressional districts – and many others listed in the government’s report – do not exist. Well, to be 100% accurate, they do exist, but only in the minds of White House imagineers.
Now that Obama has created these districts, Nancy Pelosi will soon begin crowing that evil Republicans want to deny the districts’ voters their constitutionally-guaranteed rights. The ACLU will rush in to file a suit on their behalf. Dead people from Chicago will move en masse to those districts so they can vote. And the Democrats will gain another ten seats in congress.
The sad part is that you’re wondering right now if that last paragraph is a joke.
Obama’s economy is so bad that…
