Everything is fine, time to put your feet up Mr President!

The private sector is doing fine apparently. This is at least according to President Barack Obama. I guess the 23 million Americans who are either unemployed, underemployed or have given up searching for work are suitably reassured. Not to worry, four more years! Yes folks, four more years out of work if this administration gets another victory in November.

Of course, President Obama later clarified things for reporters, and the rest of us stupid people, “the economy is not doing fine.” Then White House Press Secretary Jay Carney told reporters they should know better than to miss the broader point Obama was making. Oh what stupid people, why did they not realize the president intended that public sector job cuts are hurting the economy.

Carney crowed “You all ought to do your jobs and report on context…We’re for truthful, factual, accurate reporting done in context.” Oh, yeah, right.

Perhaps the president and Mr. Carney can explain why the Federal Reserve felt compelled to report the median net worth of families plummeted by 39 percent in the three years of the Obama Era of Salvation. Well, they didn’t say that exactly. They said the numbers, I added the editorial gloss. The figures speak for themselves though: a fall from $126,400 in 2007 to $77,300 in 2010. That puts Americans back where they were in 1992.

Even the president’s current day Rasputin, Paul Krugman, the mystical Nobel Prize-winning economist, admitted “That was an unfortunate line…The president bungled the line.” In a sentence more articulated than a truck driven by a Commerce Secretary, Krugman’s apologia for a president states “The truth is the private sector is doing better than the public sector, which is not well enough…The real story of this economy is that cutbacks at the public sector are what’s hurting the recovery.”

Mitt Romney’s take on this is “Last Friday, the unemployment rate rose to 8.2 percent and 300,000 more people joined the long-term unemployed. One week later, President Obama said the private sector is doing fine. Only a president that presides over forty months of unemployment over 8 percent would think that the last jobs report is “doing fine.” These comments show that President Obama is completely out of touch with the middle class.”

The Heritage Foundation notes “While the President’s comment is astoundingly out of touch with the public—and economic reality—perhaps even more distressing is that this wasn’t a passing verbal gaffe. This is actually a consistent talking point of the President and Democratic leadership that goes largely unchallenged by the media.” http://blog.heritage.org/2012/06/11/morning-bell-the-private-sector-is-not-doing-fine/

A famous Philosophy discussion on observation and knowledge of reality centers on the question, “If a tree falls in a forest and no one is around to hear it, does it make a sound?” I believe the same can be asked of the relationship between Obama’s errors and the liberal media…the noise is definitely made but they don’t seem to be around to hear it.

The only thing that will be fine is a change in the White House. Of course, Barack Obama will not be made unemployed, he has a new career trajectory to follow of more books, speaking tours and all the perks of being ex-president.

This election is about the economy, and we’re not the stupid ones.

Rasmussen Shows Gingrich Over Obama

In what may be a bad sign ultimately for Mitt Romney, Newt Gingrich has overtaken Barack Obama in a hypothetical poll for the 2012 General Election.  Newt 45, Obama 43 is the Rasmussen headline.

Certainly this is bad news for Barack Obama.  Gingrich has a great deal of distance to cover in order to win over moderates and and establishment Republicans without losing the Social Conservative base.  He has already been attacked by watchdog/attack dog Michele Bachmann for not being conservative enough on illegal immigration.  Mitt Romney is trying to portray Newt as a Washington insider, and liberals like Bruce Bartlett and Paul Krugman are trying to feed a new portrayal of Newt as someone who only sounds smarter than them.  Even Mark Steyn got in on the action while filling in for Rush Limbaugh on Tuesday, saying essentially that Newt only sounds smart because he uses big words.  Yet Newt has accomplished something other flavor of the week Social Conservatives haven’t with this poll.  Falling to Newt this early in a national poll is very bad news for Obama.

So why might it be worse news for Romney?  How about some de ja vu.  Click here for a 2008 New Hampshire poll that might remind you of how the 2008 primary went down. Romney had been the clear choice until polls started showing McCain as being the best candidate to beat Hillary Clinton.  Up until now, Romney has consistently been the best candidate to beat Obama in 2012.

Let’s be honest.  The number one concern of most Republicans when determining who to vote for in this primary is who can beat Barack Obama.  Even though any of the candidates running should be able to beat Obama, many Republicans are basing their vote on that one key: electability.  If Newt continues to beat Obama in the polls, Romney could find himself watching the November results from home for the second time in a row.

All the World’s a Stage: Debt will not exit Left or Right

President Obama: Upstage or Upstaged?

Bookmark and Share    You know you’re in trouble when Warren Buffet comes out of the woodwork to offer a plan. And, you know you’re in bigger trouble when you kind of agree with him. Buffet’s plan is this: “I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election.” Buffet says he was only half joking, but it may be recorded as one of his more sensible observations.

The reality is that the debt talks are theater pure and simple.

Look at the backdrop: We are in a new presidential election cycle, which complicates matters. Then look at President Obama taking center stage. Maybe a reason why the Leftists are going so negative on Obama here is that even they recognize a guy wanting to keep the lead role, sorry running for election, when they see one.

Entering Stage Left is his most trenchant critic Paul Krugman, writing reviews that he hopes will close this show, but he has difficulty closing a toilet seat at the best of times. He says, “let’s be frank. It’s getting harder and harder to trust Mr. Obama’s motives in the budget fight, given the way his economic rhetoric has veered to the right. In fact, if all you did was listen to his speeches, you might conclude that he basically shares the GOP’s diagnosis of what ails our economy and what should be done to fix it. And maybe that’s not a false impression; maybe it’s the simple truth.” Yes, Mr. Krugman it is the simple truth.

However, theater is about fantasy so let’s move to the next Scene.

President Obama says “Government has to start living within its means, just like families do. We have to cut the spending we can’t afford so we can put the economy on sounder footing, and give our businesses the confidence they need to grow and create jobs.” Krugman says this is conservative ideology, since government should not budget like families, and argues businesses aren’t holding back because they lack confidence in government policies; they’re holding back because they don’t have enough customers. There’s a reason for that Mr. Krugman at a time when the economy is actually growing, it’s called confidence and politicians are knocking the stuffing out of the economy in a staged fight.

So let’s go to the next Act, and the dramatic scene featuring the President addressing the audience directly.

Obama says the debt ceiling should not “be used as a gun against the heads” of Americans to retain breaks for corporate jet owners or oil and gas companies, using some of his most direct dialog to date. He wants to reduce the deficit, in part, through new tax revenue raised by closing loopholes and tax subsidies. Beneath the rhetoric to the audience, however, is a soliloquy to the Democrats of good old fashioned class warfare.

So, entering stage Right, the Republicans oppose measures that raise taxes, demanding steep reductions in the US budget deficit as the price of a debt increase. Leftist rag The Nation (I refer you to the earlier point of Krugman closing the toilet seat), says, “Republicans have been negotiating in bad faith, unwilling to compromise even an inch on their extremist and absolutist positions. Some are no longer willing to come to the table at all.” Leftists sing a chorus that the Republican Party is threatening to default on the nation’s debt and this will sabotage the global economy on the basis of narrow ideological goals. A new verse is being added as you read this, namely that the President should invoke Section 4 of the 14th Amendment, which says that “the validity of the public debt of the United States … shall not be questioned.”

Democrats and Republicans remain “far apart on a wide range of issues,” Obama, said wringing his hands as he adjusted his teleprompter prop. “Everyone acknowledged that we have to get this done before the hard deadline of Aug. 2 to make sure America does not default for the first time on its obligations. And everybody acknowledged that there’s going to be pain involved politically on all sides.”

Meanwhile, the Opening Night of this show, August 2, is fast approaching and the cast are still fluffing their lines over raising the $14.3 trillion debt ceiling.

At Thursday’s rehearsal, all the lead cast turned up and “All the leaders came here in a spirit of compromise and of wanting to solve problems on behalf of the American people.” So, it will be alright on the night! President Obama hopes Sunday’s dress rehearsal will pave the way for the “hard bargaining” necessary for a deal, because “Everybody acknowledges that there’s going to be pain involved politically on all sides,” he said. And, the chorus joined in with a handful of officials on both sides of the aisle indicating they are ready to give ground.

With all this improvisation, let’s just remind ourselves of the script: •Public debt was $14.3 trillion on 31 May, up from $10.6 trillion when Obama took office in January 2009 •Congress has voted to raise the US debt limit 10 times since 2001 •The largest expenditures of the projected $135 Billion deficit include: $80.9 Billion on Social Security and Medicare/Medicaid, $72.9 Billion on government agency expenses, $31.7 Billion on Defense, and $29.0 Billion on Interest on Treasury securities.

In the show Chorus Line, the opening song ends with the lines:

Who am I anyway?

 Am I my resume?

 That is a picture of a person I don’t know.

 What does he want from me?

What should I try to be?

So many faces all around, and here we go.

 I need this job, oh God, I need this show.

Yeah, the show must go on Mr. President…it’s time for your close up.

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