Congression Budget Office says the Economic Slump will end mid-2009

This is quite interesting:

The non-partisan Congression Budget Office reports the current economic slump will end sometime around mid-2009.

Keep in mind Obama himself admits any effect he thinks his government expansion will have on the economy won’t take place until 2010 — well after the slump will end anyway.

Between that, and the CBO’s research last week showing Obama plan will cause long-term damage to the economy, and that the economy will bounce back faster without the package, why is the Senate even considering a $1,100,000,000,000.00 Frankenstein’s moster of wealth transfers and fatter government?

It probably has much to do with the fact much of the money lines the pockets of groups that deliver votes to Democrats, and much of that borrowed taxpayer money could even end up in Democrat campaign accounts by way of funneling through labor unions, ACORN and such.

The only thing the package appears to be stimulating are government growth and Democrat vote-delivering mechanisms.

via CBO: Economic slump will end mid-2009 | Libertarian Party.

You can read this for yourself here. (It’s a PDF file, requires Adobe Reader)

So, basically all this money is being wasted for no reason. So typical for Washington D.C.

(Via IPR)

Even more Tax Problems for Obama's Appointments?

This is getting to be a bit of a strange thing!

The husband of President Obama’s choice to head the Labor Department paid about $6,400 Wednesday to settle tax liens that had been outstanding for as long as 16 years against his business, the Obama administration said Thursday.

The disclosure came shortly before a scheduled 2 p.m. meeting of the Senate Health, Education, Labor and Pensions Committee, which will vote on U.S. Rep. Hilda Solis’ nomination as Labor secretary. The hearing was postponed to give the administration time to look into the tax matter and report back to the committee, said Anthony Coley, a spokesman for Sen. Edward Kennedy, the committee chairman. Solis is a California Democrat.

At a news conference, Obama spokesman Robert Gibbs said of Solis: “I read the story in USA TODAY and it quotes somebody who works here. Obviously we know about the story. We reviewed her tax returns and her tax returns are in order. Her husband had an issue.”

via Husband of Rep. Solis, Labor nominee, settles tax liens – USATODAY.com.

Oy. I’m starting to really wonder about Obama selection committee. I mean, is it staffed by monkeys, or just idiotic buffoons? I mean, how the heck hard is it to find out if someone has a tax problem? Really.

Others: TalkLeft, The Swamp, Hot Air, Weekly Standard, The Hill’s Blog Briefing Room, Michelle Malkin, Salon, Glenn Thrush’s Blogs, The Foundry, The Note, TPMDC, Government Bytes and Boston Globe

(via Memeorandum)

Update on the Kentucky Ice Storm

Michelle Malkin links to a few blogs providing coverage of the ice storm in Kentucky and the piss poor response from FEMA and the fact that “The One” is all but non-existant to the people down there.

Click Here and Here

I just want to go on record saying that I happen to think that lack of personal response from that “Magic Fool” in the White House is absolutely disgusting. The very idea that he would totally ignore a group of people, because of the possibility that the group of people did not vote for him, is absolutely treasonous!

I also find it amazing that the Liberal Main Stream media is totally ignoring this problem.

But that’s the Liberals for you! 🙄

New York Times turns on Daschle appointment

Now this is a switch!  It seems that the cheerleader section for the Obama Administration has basically thrown one of their own under the bus. How quaint.

Via the Ol’ Gray Lady:

When President Obama nominated former Senator Tom Daschle to be his secretary of health and human services, it seemed to be a good choice. Mr. Daschle, as the co-author of a book on health care reform, knew a lot about one of the president’s signature issues. As a former Senate majority leader, he also knew a lot about guiding controversial bills through Congress, where he remains liked and respected by former colleagues.

Unfortunately, new facts have come to light — involving his failure to pay substantial taxes that were owed and his sizable income from health-related companies while he worked in the private sector — that call into question his suitability for the job. We believe that Mr. Daschle ought to step aside and let the president choose a less-blemished successor.

Mr. Daschle’s tax shortfall is particularly troubling because it comes on the heels of another nominee’s failure to pay taxes due. We were not pleased when the president’s Treasury secretary, Timothy Geithner, admitted that he had failed to pay tens of thousands of dollars in federal self-employment taxes while working for the International Monetary Fund despite having signed paperwork acknowledging the obligation.

Now we are confronted with an even larger lapse by Mr. Daschle, who failed to pay $128,000 in taxes, primarily for personal use of a car and driver provided to him by a private equity firm for which he consulted. Although the firm — headed by a major Democratic donor — had not issued a form 1099 for the value of the car service, Mr. Daschle said he became concerned last June that he might owe taxes on it and instructed his accountant to investigate. Neither was concerned enough to actually pay the taxes.

[……]

In both the Geithner and Daschle cases, the failure to pay taxes is attributed to unintentional oversights. But Mr. Daschle is one oversight case too many. The American tax system depends heavily on voluntary compliance. It would send a terrible message to the public if we ignore the failure of yet another high-level nominee to comply with the tax laws.

[…..]

Mr. Daschle is another in a long line of politicians who move cozily between government and industry. We don’t know that his industry ties would influence his judgments on health issues, but they could potentially throw a cloud over health care reform. Mr. Daschle could clear the atmosphere by withdrawing his name.

I could sit here and tell you, that I am shocked that the New York Times is turning on this appointment. But honestly? I am not, and I will tell you why. Honesty and integrity go a long way in Government. It would be derelict of me, however not to point out that a few other Senators are guilty of the same thing. Like Al Franken and Charlie Rangel for instance. As this article above says, our tax system, as unfair and heavy handed as it might seem to some, does rely heavily on a voluntary compliance. The question is what kind of message does it sent to the American people, if we have tax cheats in our high ranking offices in the United States Government? Not a very good one, I am afraid.

The real question is; will President Obama heed the advice of the New York Times? Something tells me that he will not, because Obama has said in the past, that he is not going to make decisions based upon what other people think. (Kind of like the guy that proceeded him….) So, it will be interesting to watch this unfold. Obama, the man whom basically the New York Times and other Liberal media outlets elected basically tells those same people to stow it and does what he wants to. Now that will make for some interesting blogging!

Update: It is being reported now, by various outlets that Tom Daschle has withdrawn his name.

Others on the subject:  CommentaryHot Air, , Soccer Dad, Power LineRiehl World View

(Via Memeorandum)

Japan's Economy on the verge of collapse as well.

Russia is not the only one. Japan now is on the verge of collapse as well.

A reader chided me for not making note of the truly dreadful factory output figures released last Thursday, which showed a fall of 9.6%.

I have to confess that I have fallen into “Japan bad news” syndrome, in that I expect bad news out of Japan and therefore did not focus enough on the details. And while I do not aspire to covering every financial news story (that’s what the MSM is for), the latest figures paint a grim picture, even by our new, desensitized standards.

It wasn’t simply that December was truly awful, but it came on top of a nearly-as-bad November

via naked capitalism: Veneroso: Japan on the Edge of the Abyss.

Again, this is what happens when you inflate a money supply and create a bubble.

Yves continues:

Yves here. I only get the privilege of reading Veneroso now and again, but I cannot recall him taking a tone remotely like what follows:

I have been writing about an Asian black hole for almost two months now. I have been crying from the rooftops about an emerging depression in Japan. It has been as though a neutron bomb had gone off in the world. There was no one who seemed to notice, no one who seemed to listen.

Every week it gets worse and worse and worse. Today it was Japan….

THERE HAS NEVER BEEN DATA THIS BAD FOR ANY MAJOR ECONOMY – EVEN IN THE GREAT DEPRESSION. December industrial production came in down 9.6%, worse than the METI forecast. It is now down almost 21% year over year. METI forecasts a further 4.7% decline in February. The inventory to production ratio soared again. Maybe METI will be correct.

If it is, Japan industrial production will have fallen 28% (non annualized) in four months. It will have fallen by a third in about a year. Nothing in the history of major nations compares. A 28% decline in four months would be more than half of the entire decline in U.S. industrial production over the 3 years and nine months of the U.S. Great Depression.

It would be a greater decline in four months than in any 12 month period in the Great Depression in the U.S. We are literally looking at the unimaginable. (I am attaching the U.S. industrial production index from the Great Depression for comparison).

IT’S A DEPRESSION IN JAPAN – ALREADY – PURE AND SIMPLE.

If this is true, unless President Obama can pull some sort of a miracle out of his rather skinny ass. We are in deep trouble. The reason I say this is because we are in a Globalist Economy, whether we like it or not, and Japan’s failures are our failures as well.

I think it will get much worse, before it gets any better. 🙁

(Via Freedom’s Phoenix)

More on Kentucky Ice Storm-Gate

It seems that the Jammie Wearing Fool has Blogged on what I reported Yesterday.

Mr. Jammie writes:

Can you imagine the media reaction if this were George W. Bush? Heck, we’re still hearing about Hurricane Katrina nearly four years later.

Yes, I could. That’s because it happened while there was a Republican in office and the Democrats used that as a rallying cry for change. Oh, and because there were black people in involved too. But Because these are White Southerners and possibly even Conservatives, nobody in the liberal media cares.

Mr. Jammie also says:

Is Obama even aware what’s going on in Kentucky? I know he’s very busy between trashing Wall Street and Rush Limbaugh, but could he at least acknowledge these poor folks and get them some help?

I am sure that Obama is aware, whether cares or not, is another story. You have to remember those are the “Bitter and Clingy” one’s that did not vote for him. Kind of like the blacks in New Orleans who did not vote for Bush. It is simple case of, “Do I want to help these people? After all, they did not vote for me anyhow!” Perhaps it is a bit of a revenge towards the southern white community for what happened in New Orleans. Perhaps “President” Obama is saying to himself, “Let them damned honkeys suffer, after all MY people suffered more in New Orleans and even more so 300 years ago!”

So, I suppose this is revenge for what our forefathers did many years ago.

Update: Michelle Malkin finally gets around to blogging about it

Others: Associated Press, The Sundries Shack, Political Machine, Ed Driscoll.com, RedState, The Jawa Report and The Other McCain

Daschle-Gate Continues

The Scandal continues:

President Obama’s choice for health secretary, Tom Daschle, was aware as early as last June that he might have to pay back taxes for the use of a car and driver provided by a private equity firm, but did not inform the Obama transition team until weeks after Mr. Obama named him to the health secretary’s post, senior administration officials said Saturday.

As Senate Democrats rushed to save the nomination of Mr. Daschle, their former leader, the White House spent the day trying to explain how he survived its vetting process despite his failure to pay $128,000 in taxes.

The White House would not say when the president himself learned of the tax issue, but said Mr. Obama is standing by his nominee.

“The president believes that nobody is perfect, but that nobody is trying to hide anything,” Robert Gibbs, the president’s press secretary, said in an interview, adding, “I think Senator Daschle rightly is going to have to answer questions, but I think members will be satisfied with the answers that he gives and will understand that he’s the right man for the job.”

At least six leading Democratic senators have come out in support of Mr. Daschle, but the fate of his nomination is unclear. The Senate Finance Committee, which is charged with holding a confirmation hearing on Mr. Daschle’s nomination, will meet behind closed doors Monday to discuss his taxes. After Timothy F. Geithner, Mr. Obama’s Treasury secretary, faced similar issues, some senators may have little appetite for confirming another nominee with tax problems.

“It’s totally shocking,” an aide to a Democratic senator said Saturday. “Why do we have to continue to have the same story over and over again with these nominees?”

via Daschle Knew of Tax Issues Over Car Use Last June – NYTimes.com.

I find it absolutely amazing that the Democrats would still confirm this guy, after learning about all these indiscretions. But then again, integrity is not one of the Democrats strengths. If the shoe was on the other foot. The Republicans would have already withdrawn his nomination and someone else would have been offered.  But because he is one the team of “The One”, he will confirmed and his tax problems quickly forgotten. Funny how that works, is it not?

Others: Althouse, Betsy’s Page, JustOneMinute

(via Memeornadum)

So much for that idea!

How’s that appeasing the terrorists idea working out for ya Barry?

The Video: (via BreitBart)

The Story:

US President Barack Obama’s offer to talk to Iran shows that America’s policy of “domination” has failed, the government spokesman said on Saturday.

“This request means Western ideology has become passive, that capitalist thought and the system of domination have failed,” Gholam Hossein Elham was quoted as saying by the Mehr news agency.

“Negotiation is secondary, the main issue is that there is no way but for (the United States) to change,” he added.

After nearly three decades of severed ties, Obama said shortly after taking office this month that he is willing to extend a diplomatic hand to Tehran if the Islamic republic is ready to “unclench its fist”.

In response, Iranian President Mahmoud Ahmadinejad launched a fresh tirade against the United States, demanding an apology for its “crimes” against Iran and saying he expected “deep and fundamental” change from Obama.

Iranian politicians frequently refer to the US administration as the “global arrogance”, “domineering power” and “Great Satan”.

Tensions with the United States have soared over Iran’s nuclear drive and Ahmadinejad’s vitriolic verbal attacks against Washington’s close regional ally Israel.

Former US president George W. Bush refused to hold talks with the Islamic republic — which he dubbed part of an “axis of evil” — unless it suspended uranium enrichment, and never took a military option to thwart Tehran’s atomic drive off the table.

The new administration of Obama has also refused to rule out any options — including military strikes — to stop Tehran from acquiring a nuclear weapon.

Iran denies any plans to build the bomb and insists its nuclear programme is solely aimed at peaceful ends.

via Iran says Obama’s offer to talk shows US failure.

One would think that the Democrats would learn from history. But, as we all know, Liberals have short memory spans. Kind of like the rest of America. 🙄

Obama would be wise to wait till after the elections in Iran to try and do this, because right now, that meatball Ahmadinejad is in power; and that guy is about nutty as they come. I’ve read before that not all of Iran likes the guy, especially among the people on the ground in the cities. So, the election should tell it, unless it s rigged, like the rest of that part of the world.

But then again, we are talking about Liberal Moonbats. 😛

Others on the subject:  Townhall.com, Little Green Footballs, Jihad Watch, THE ASTUTE BLOGGERS, Don Surber and Newshoggers.com

(For those coming over and wondering why I trackbacked the wrong story… sorry, I make a mistake, I quickly fixed it…)

Barry will pork the budget, but cut our defense.

The Dad-blasted idiot!

The Obama administration has asked the military’s Joint Chiefs of Staff to cut the Pentagon’s budget request for the fiscal year 2010 by more than 10 percent — about $55 billion — a senior U.S. defense official tells FOX News.

Last year’s defense budget was $512 billion. Service chiefs and planners will be spending the weekend “burning the midnight oil” looking at ways to cut the budget — looking especially at weapons programs, the defense official said.

Some overall budget figures are expected to be announced Monday.

Obama met Friday at the White House with a small group of military advisers, including Admiral Mike Mullen, chairman of the Joint Chiefs, Gen. James Cartwright, vice chairman, and Gen. Jim Jones, National Security Council chairman.

via Defense Official: Obama Calling for Defense Budget Cuts –  FOXNews.com.

He does this, but he’ll pork the hell out of that stimulus package.  What a damned douche nozzle! 😡

I know what I’d like to call ol’ Bambi right about now. But I’m biting my tongue….. quite hard.

Others: RedState, Josh_Painter’s blog, Hot Air, Stop The ACLU Gateway Pundit, Riehl World View, THE ASTUTE BLOGGERS, The Jawa Report and Cold Fury

Why does America always do stupid things like this?

I will never, ever understand why America does stupid things like this right here, ever!

The Obama administration on Friday made an emergency contribution of more than $20 million for urgent relief efforts in the Gaza Strip, a day after the United Nations launched a flash appeal for $613 million to help Palestinians recover from Israel’s three-week military operation there.

The State Department said President Barack Obama had authorized the use of $20.3 million from the U.S. Emergency Refugee and Migration Assistance Fund for humanitarian assistance to the 1.4 million Palestinians in Gaza.

The money will go to U.N. agencies and the International Committee of the Red Cross, which are distributing emergency food assistance, providing medical care and temporary shelter, creating temporary employment and restoring access to electricity and potable water, the department said in a statement.

The Israeli offensive killed nearly 1,300 Palestinians, including hundreds of civilians, and caused an estimated $2 billion in damage, Palestinian officials say. The assault was launched to halt years of Hamas rocket fire on southern Israel.

via US puts up $20 million for Gaza relief – AP.

You want to know where this money is going to end up? In the hands of Hamas, the very terrorist organization that was attacking Israel, in the first place.  This money is supposed to be reserved for American Citizens, not for foreign countries!  You know, I find it absolutely amazing that the United States of America, would support a military attack on Gaza by Israel to defeat terrorists; only to have them send aid to the very people that Israel attacked. Not only this, our government is using money that is specifically earmarked for the people of the United States of America. This is an outrage! Someone should be complaining to the high Heavens about it!

The reason this outrages me so much is this; yeah, that money might go to American agencies approved by our Government, but ultimately, it will end up right back into the hands of the Hamas terrorists.

I will never understand why America continues to prop up those they claim are terrorists.