Obama's Big Budget Cut Proposals Target The Poor:
As Democrats and Republicans wrangle over fiscal austerity and the shape of the 2012 federal budget, the White House is targeting programs in the $4 trillion budget that benefit low-income Americans. Ref. Source 5
Obama's Budget: Freezing the Poor
By Amy Goodman
Americans are cold, hungry and unemployed. By increasing military spending, already greater than all of the world's military budgets combined, we are only spreading that misery abroad. Ref. Source 7
Shocking Union influence over President Obama
MSNBC reports that President Obama is no longer meeting with his cabinet members and is instead seeking presidential council elsewhere. Who had his ear? Union boss Richard Trumka said, "I am at the White House a couple of times a week"¦two, three times a week." What does Glenn think about this unprecedented access that unions have to the Obama administration? How does this all tie into "top down, bottom up" insurrection that Glenn has been warning about? Hear Glenn give his response on radio this [yesterday]: Source 6
For Obama, B-ball more important than stopping genocide
President Obama was silent for over a week, refusing to comment on the atrocities currently happening in Libya. His new press secretary said it was a 'scheduling conflict' to blame for the silence - but is it really that difficult to squeeze a 5 minute statement in? Shouldn't be - considering the President flips everything around for basketball. Ref. Source 7
Obama Misery Index hits a record high
All these things are the direct enemy of long-term investment. The climate of uncertainty they create has an indirect but no less damaging effect on confidence. Historically, federal spending has ranged between 18 and 20 percent of GDP. Today it has soared to near 25 percent. If we want our politicians to end their free-spending ways, we need to establish an iron-clad ceiling on federal spending, setting it at a fixed percent of the GDP. Ref. Source 8
Amidst world chaos, Obama embarks on trip to beautiful Rio de Janeiro!
The President apparently doesn't care how bad all the golfing, NCAA prediction, vacations to exotic locations look to the American people because he's off to tropical Brazil. But, he'll probably get some work done while he's there. For example, he'll be able to personally congratulate the company who got the go ahead on the first ever deep water floating production storage facility in the Gulf of Mexico. Was it BP? Exxon? Shell? Nope. Ref. Source 5
"The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation."
-- Barack Obama - December 20, 2007