Posts Tagged ‘Economy’
October 20th, 2011 by John Feehery
Senate Majority Leader Harry Reid said yesterday: “It’s very clear that private sector jobs have been doing just fine, it’s the public sector jobs where we’ve lost huge numbers, and that’s what this legislation is all about.”
He was talking about his plan to give more money to states so they can give more money to teachers unions and public safety unions.
Joe Biden breathlessly said yesterday that if you didn’t support this plan, the chances that you might get raped (if you are a woman) or held up at gunpoint (if you run a 7-11) will go up dramatically. He said yesterday in Washington:
“In many cities, the result has been — and it’s not unique — murder rates are up, robberies are up, rapes are up and folks, there’s a simple reason for it. There’s been a perfect storm out there — these God-awful Ponzi schemes that the last outfit allowed Wall Street to engage in resulted in this gigantic collapse of the financial industry. Housing — the bottom fell out. Foreclosures increased, particularly in poorer neighborhoods. Abandoned homes are created. Drug lords move in. Arson increases. Budgets fall because the property taxes fall. Cops and firefighters get laid off. Response times increase from five minutes to 30 minutes, and people die, and people’s homes burn to the ground.” Read more...
Tags: Bloomberg New, Economy, Federal employees, foreclosures, gigantic collapse of the financial industry, Joe Biden, Kevin Zeese, Politics, Ponzi schemes, President’s jobs plan, private sector, private sector jobs, Prosperity Agenda, public safety unions, Senate Majority Leader Harry Reid, Silicon Valley, teachers unions, Wall Street
Posted in Bad Decisions, Economy, Financial Crisis, Government, Media, Politics, Promises, Unemployment, bad news, corruption, election, housing crisis, poverty, spending, taxes | 1 Comment »
October 4th, 2011 by John Feehery
The Hermanator - Herman Cain
The Hermanator is now tied with Rick Perry for second place in a new Washington Post poll in the Republican race for the White House.
That doesn’t surprise me much. A very good friend of mine who describes himself as a moderate independent Republican kind of guy pinged me on Facebook about Cain. He said he would vote for him if Mr. Cain survives the primary process down in Texas.
And for many folks out there, Herman Cain is more than just a successful pizza guy. He is the embodiment of the American dream.
Unlike Barack Obama, Cain believes deeply in the concept of American exceptionalism. He worked hard his whole life, and he has been successful at just about everything he has done.
Where Obama preaches collectivism and class envy, Cain preaches self-reliance and individual liberty. Where Obama has nothing but contempt for free-market capitalism, Cain believes strongly in the power of the marketplace.
He turned around Burger King, made Godfather’s Pizza a huge success, and helped to stop Hillarycare in the mid-nineties. Read more...
Tags: America, American exceptionalism, Barack Obama, Burger King, Cain, Coca-Cola, Congress, Democrats, Economy, election, free-market capitalism, Godfather’s Pizza, Herman Cain, Hermann Cain, Hillarycare, individual liberty, Morehouse College, Obama, Politics, President Obama, Presidential election, Republican race for the White House, Rick Perry, Secretary of Commerce, self-reliance, the American dream, The Hermanator, Washington Post poll, White House
Posted in Government, History, Liberal Media, Media, Politics, Presidential election, Promises, Theory, election, medicare | No Comments »
September 28th, 2011 by John Feehery
I was talking to a Democratic friend of mine this morning, and he told me to expect the President’s people to go after Mitt Romney on the jobs issue. “There is a lot more that hasn’t come to the surface,” he told me confidently.
I’m sure there is. There is always more on just about everybody. I wish we knew more about Obama before the American people elected him three years ago.
The issue that my friend talked to me about had to do with Romney’s time at Bain Capital.
Bain Capital is a private equity firm that buys undervalued companies and turns them around so they can become profitable. They have had a lot of success. You can wake up with a Bain Capital company (Sealy), check out the weather (they own the Weather Channel), get a cup of coffee and a donut (Dunkin Donuts), go to the store and buy some running shoes to work off the donut (Sports Authority), buy some office supplies (Staples), grab a burger (Burger King), buy a present (Brookstone), catch a movie (AMC Entertainment), and then get home in time for dinner (Domino’s Pizza). Read more...
Tags: America, Bain Capital, Barack Obama, Congress, Democrats, Economy, election, Government, Mitt Romney, Politics, Presidential election, private sector, public sector, Republican, Republicans, spending, taxes, Ted Kennedy, Washington, White House
Posted in Economy, Financial Crisis, Government, History, Laws, Politics, Presidential election, Promises, Theory, election, spending | No Comments »
September 22nd, 2011 by John Feehery
It has been a long time since the girl from Ipanema captured the imaginations of the American people. But Brazil these days is more than just a bunch of pretty women and nice beaches. In fact, for American workers (especially those in the aerospace industry and helicopter manufacturing) Brazil has been a jobs life-line.
Among the top ten American trading partners, Brazil stands as the only country that the United States has had a trade surplus with for the last two years. Of the top ten products that have been sent to Latin American countries from the States, three of them have been component parts for either aircraft or helicopters.
To say that Brazil is on a roll would be an understatement. “Rio”, a new animated movie put out by Fox Pictures, is not only a hit; it also puts the iconic Brazilian city of Rio de Janeiro in a flattering light. Rio beat my hometown of Chicago for the right to host the Olympics in 2016, a coup for all of South America, and Brazil will also play host to the World Cup in 2014. Read more...
Tags: America, Barack Obama, Boeing, Brazil, Dilma Rousseff, Economy, Embraer, European Debt Crisis, Forbes Magazine, Honeywell, Ipanema, Politics, President Obama, QGA Public Affairs, Rio de Janeiro, Tim Geithner, U.S. Air Force, United Nations, United States, World Cup
Posted in Economy, Financial Crisis, Foreign Relations, Government, Politics, Theory, national security, spending | No Comments »
September 21st, 2011 by John Feehery
I was working out at the gym this morning (I know, miracles never cease), and I looked over briefly (I know, you don’t believe me), at the television and saw one of the hosts interviewing Rachel Maddow.
I am not the biggest Rachel Maddow fan in the world (ok, I am not really a fan at all) and I immediately assumed that the topic of conversation was on the President’s decision on “don’t ask, don’t tell”, an issue that apparently is important to the MSNBC host.
According to the headline blaring at the bottom of the television screen was “Is Obama losing his base?”
Interesting question, given that the previous day, the President struck a blow for some of his most passionate supporters by going through with change in a long standing military policy.
I will make this observation.
The President is not losing his base (if that is true) because he is moving to the middle. He is losing his base for largely the same reasons that he is losing the middle and losing the rest of the country.
Sheer incompetence. Read more...
Tags: America, Barack Obama, Conservatives, Democrats, don’t tell”, Economy, election, Gibson Guitar, Government, Msnbc, NRLB, Obama, Obama Justice Department, Obamacare, President Obama, Presidential election, Rachel Maddow, Republicans, Ron Paul, Ron Susskind, Sarah Palin, the Obama Administration, “don’t ask
Posted in Bad Decisions, Bailouts, Economy, Financial Crisis, Government, History, Liberal Media, Media, Politics, Promises, Theory, Unemployment, bad news, election, health care, spending, taxes | No Comments »
September 20th, 2011 by John Feehery
The Electronic Benefits Transfer Card is the identification card for the SNAP/Food stamp program. It works like a credit card with a magnetic strip on the back that slides through a machine at a grocery store and some restaurants (including some fast food places).
Meant as a way to help reform the Food Stamp system in 2004, the EBT card is used in all 50 states and in the District of Columbia. It has not been without some controversy.
In the State of Pennsylvania, for example, Democratic State Auditor Jack Wagner found wide-ranging fraud in the system, including one example where one EBT card holder withdrew close to $150,000 in $1,500 increments in one day. Who knows what he (or she) did with the money.
The EBT has received some unwanted attention. As one website put it: “A new music video by R&B artist Chapter for her song “It’s Free Swipe Yo EBT” mocks black women on public assistance programs. In her satirical video, Chapter plays Keywanda, a young mother of ten who deals with the “stress of her children’s fathers.” And according to the video, Keywanda lives with very few worries because she’s on several public assistance programs. Among other subjects, this song mostly takes aim at the Electronic Benefit Transfer (EBT) program and Section 8 vouchers, which make both food and housing available to parents.” Read more...
Tags: African-American, America, Auditor Jack Wagner, Barack Obama, Congress, Democrats, Economy, election, Electronic Benefits Transfer Card, Food stamp program, Obama, Presidential election, R&B artist Chapter, Republicans, Section 8, Tea Party activists, unemployment insurance, Welfare abuse, welfare system
Posted in Bad Decisions, Bailouts, Drugs in America, Economy, Financial Crisis, GOP, Government, Immigration, Politics, Presidential election, Religion, Scandals, Theory, bad news, corruption, medicare, poverty, spending, taxes, welfare | No Comments »
September 12th, 2011 by John Feehery
I turn the television on first thing every morning. Never again, will I wait until I hear what is happening in the world from somebody else. September 11th did that to me.
This anniversary is handy because I remember pretty clearly what my life was like ten years ago. I was working hard as a Congressional staffer. I was single, and childless. I didn’t really think too much about mortality, because when you are in your mid-thirties, you think you will live forever.
Plenty of people in their mid-thirties saw their lives snuffed out overnight a decade ago, and if that doesn’t inject some urgency into living each day as it could be your last, nothing will.
I am a decade older and maybe a decade wiser, but I am not sure if that sentiment is widely held about me or about the country. As a country, I’m not sure if America has really learned anything. We can’t figure out how to get our economy started. We can’t figure how to feed the hungry and get the obese to eat a little less. We still aren’t sure if we will accept a little more risk in our life in exchange for more freedom. And the rest of the world baffles us if we even think twice about it, which most of us rarely do. Read more...
Tags: 9/11, America, Economy, Government, Politics, taxes
Posted in Bad Decisions, Economy, Financial Crisis, Government, History, Politics, Theory, bad news | No Comments »
August 31st, 2011 by John Feehery
Hurricane Irene blew in to Washington over the weekend and the biggest casualty was the Martin Luther King Memorial ceremony.
It turns out that the weather was pretty nice on Sunday afternoon, and the event could have still occurred, but it is hard to predict the weather.
It’s also hard to predict the future.
Are we as a country moving forward on the whole concept of racial harmony or are we moving backward?
Congressman Andre Carson said today that certain members of the Tea Party want to see black lawmakers “hanging on a tree.”
I wonder if Alan West and Tim Scott, two of the most influential Tea Party members of Congress (who coincidentally happen to be black), want to hang their fellow Congressional Black Caucus members up a tree.
I doubt it.
Carson believes that the Tea Party is to blame for the fact that unemployment is so high in the black community.
I find that hard to believe.
I guess it is far easier to blame a bunch of white conservatives than it is to blame the nation’s first black President.
The Tea Party hasn’t really had much of an impact on the President’s policies, not yet anyway. Read more...
Tags: affirmative action, African-Americans, Al Sharpton, Alan West, America, Barack Obama, Congress, Congressman Andre Carson, Conservatives, Democrats, Economy, election, first black President, George W Bush, GOP, hurricane Irene, Martin Luther King Memorial ceremony, Milwaukee Police Chief Edward Flynn, Msnbc, Obama, Philadelphia Mayor Michael Nutter, Politics, racism, raising taxes, Republicans, spending, taxes, Tea Party, Tim Scott, Washington
Posted in Bad Decisions, Economy, Financial Crisis, Government, History, Media, Politics, Presidential election, Religion, Theory, bad news, election, poverty, spending, taxes, terrorism | No Comments »
August 29th, 2011 by John Feehery
A mighty wind blew in over the weekend. Television anchors were stretched to the limit as they desperately sought ways to fill airtime. Emergency workers looked far and wide to fill in their time cards. And plenty of people suddenly freaked out over the possibility that they might get wet.
New York City Mayor Mike Bloomberg decided to close down the city’s mass transit system a full day before the storm was supposed to hit the Big Apple. When the rainstorm finally hit (without any of the promised flooding), a lot of the Mayor’s critics wondered in loud and not very pleasant voices, if he was over-reacting.
He said that he would rather be safe than sorry, and that is a very common reaction among politicians. “We must be safe, not sorry,” should be the catchphrase of the 21st century.
That sounds completely rational in the abstract. It makes perfect sense to be cautious, especially when it comes to a major storm like a hurricane.
But being overly cautious is not without its own risks. I call it the “Chicken Little Syndrome”. If political leaders continually warn that the sky is falling, and the sky does not fall, it can cause a huge problem with voters. Read more...
Tags: America, Chicken Little Syndrome, Economy, Government, hurricane Irene, Hurricane Katrina, New York City Mayor Mike Bloomberg, politicians, Politics, war on terror
Posted in Bad Decisions, Government, History, Media, Politics, Radicalism, Theory, bad news, national security, terrorism, tragedy, war | No Comments »
August 23rd, 2011 by John Feehery
Muammar Gaddafi
If and when Muammar Gaddafi is finally deposed in Libya, President Obama probably deserves some credit. He backed Nicholas Sarkozy and NATO’s efforts to aid the rebels (whoever they are). He authorized the Navy and the Air Force to bomb the hell out of the bad guys. And of course, he has been boldly predicting that Gaddafi’s days are numbered, a nice counter-balance to the Libyan dictator’s assurances that he was going nowhere.
Will Obama get that credit? Probably not.
Most Americans don’t care what happens to Mr. Gaddafi. They are worried less about the economic future of Tripoli and more worried about jobs in their own community. Why should we spend our hard-earned tax dollars deposing a far-away dictator when we have a huge budget deficit and a struggling economy back here?
For the conspiracy theorists out there, there is a persistent rumor that we went into Libya to bailout Goldman Sachs.
Goldman lost 98% of Libya’s Sovereign Wealth Fund in 2007 (which amounted to $1.3 billion, a lot of it personal Gaddafi money, undoubtedly), and the Libyans were not very happy about it. Goldman could never come up with a solution to this problem that could make the dictator happy. Read more...
Tags: America, Assad, Barack Obama, Economy, Goldman-Sachs, Libya, Muammar Gaddafi, NATO, Nicholas Sarkozy, Obama, Politics, spending, Syria, Tripoli, Wall Street Journal, war, Zarti
Posted in Bad Decisions, Economy, Financial Crisis, Foreign Relations, Government, History, Media, Politics, Scandals, Theory, bad news, national security, spending, taxes, war | 1 Comment »
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