Right Pundits

Barack Obama wearing a fake mustache makes as much sense as his recent charm offensive to appear being cordial to House and Senate Republicans. Obama has already made it quite clear that he does not think there is a spending problem in Washington, DC, and is not worried about the rapidly growing National Debt. Of course he doesn′t since he has contributed the most to it for any single president! With budget talks under way before the March 27 deadline when the federal government runs out of money, again, and another round of debt limit talks by May, when our line of credit is maxed out, again, all Obama wants is to raise more tax revenue. His immediate problem is that the public is starting to get wise to his tricks after attempts to scare the nation during the sequester negotiations failed when numerous lies told by Obama and his administration were unmasked. Now we have proof from an unnamed White House senior staff member that the charm offensive is a ″joke″ and being orchestrated purely for Media consumption. What next?

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Well, anyone who listened to the president’s State of The Union address tonight will understand a couple of basic things about what the president wants. He called for:

• Higher taxes
• More spending
• More gun control
• More government regulation

So, in other words, a larger, more intrusive government. He doesn’t believe we can cut our way to prosperity, meaning governments cuts, so that must mean he believes government can spend us into prosperity. The problem is, this is the first thing the president tried after taking office in 2009. If nearly a trillion dollars in new spending doesn’t bring about economic utopia, nothing will.
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The U.S. Commerce Department numbers are in and the nation′s Gross Domestic Product, GDP, shrank 0.1% in the Fourth Quarter of 2012. A lack of consumer spending was blamed due to Hurricane Sandy as the Conference Board shows a decline in confidence, resulting in slower growth. The Barack Obama White House went on the defense, blaming Republicans for stirring up more uncertainty during the Fiscal Cliff debate. The Left-Wing Media also tried to spin a happy face citing other economic data, such as house sales. Some experts, like former Enron economist Paul Krugman, point to less government spending as the main culprit for the decline in GDP. But the bitter reality is that the Obama Recovery never happened. What little GDP growth there has been over the past four years of the Obama administration is by and large due to monetary policy from the Federal Reserve Bank which is pumping cheap money into the economy, causing more inflation than GDP growth. Since taking office, the nation′s GDP has been shrinking consistently in value.

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Senator Patty Murray (D-WA) floated a memo to her fellow Democrats on the Senate Budget Committee outlying the need for ′revenues to be included′ in their federal budget outline. This comes as House Republicans passed a measure extending the debt ceiling for four months under the condition that the Senate Democrats must pass a budget, something they have not done in about 1367 days. Rep. Paul Ryan (R-WI), head of the House Budget Committee, will be sending a budget proposal shortly that will balance the budget within 10 years. Sen. Harry Reid (D-NV) has been blocking any budgets from being passed in the Senate, but may be ready to let one go through now. Especially since Murray, Barack Obama, and he are all committed to raising more tax revenues. Also, as part of the new debt ceiling agreement, paychecks for members of Congress will be held in escrow until a budget is passed.

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On Monday, Barack Obama took the oath in public on his Inauguration Day 2013. In between highlights such as the Bill Clinton photobomb of singer Kelly Clarkson, the Sasha Obama yawn during her dad′s speech and the Michelle Obama eye roll to John Boehner at the Congressional Inauguration Day Luncheon, we gleaned some idea of what to expect for the next four years. Obama spoke for just over 18 minutes before a crowd estimated to be close to a million people on the Washington Mall. He made a pitch for social justice, to expand the power of the federal government over people′s lives for their own good. Obama also made it very clear that he wants to spend more money we do not have, as well as tax more from those who do have. One thing not mentioned at all was the need to find jobs for the nearly 24 million unemployed Americans.

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The Government Accounting Office, GAO, issued its annual report of the financial state of the federal government and the news was not good. Barack Obama is bankrupting America, burying us and future generations in unsustainable debt. The results of their report are admittedly incomplete, as their audits of several major federal departments, such as Defense or Health and Human Services, proved to be lacking. The bottom-line, however, is that we are at least $18.8 Trillion dollars in the hole! Perhaps this is why the German bank has demanded that our Federal Reserve Bank hand back some 300 tons of gold? Is our dollar destined to collapse?

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As Barack Obama and the Congress square off for the debt ceiling limit increase debate, Rep. Jerrold Nadler (D-NY) has offered up the idea of the U.S. Treasury minting a $1 Trillion dollar platinum coin to cover such an increase with the Federal Reserve. Naturally, many of the usual fools who defend the Obama White House and its wild spending ways, like former Enron economist Paul Krugman, think its a good idea. There are even some legal loopholes in the Constitution that would allow for such a coin. Just to be safe, Rep. Greg Walden (R-OR), has introduced a bill in the House of Representatives to prohibit this exercise in avoiding responsibility. Is this yet another sign of just how desperate the Obama administration is to continue spending like there is no tomorrow?

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According to an article in the Wall Street Journal, when Stephen Moore interviewed John Boehner about the Fiscal Cliff negotiations, Barack Obama told Boehner that, ″We don′t have a spending problem.″ Obama explained to the Speaker of the House that the cause of the National Debt and budget deficits stem from a ″health care problem″, which Obama claims to have solved with ObamaCare. When Boehner tried to convince Obama that Washington does indeed have a ″very serious spending problem″, Obama′s retort was, ″I′m getting tired of hearing you say that.″ So is it any wonder that Boehner gave up trying to talk any sense and negotiate a deal? And is it any wonder that Nancy Pelosi and Harry Reid will attempt to act with Obama and continue to push for more tax increases?

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