Majority of Americans Now Say Obama Does Not Deserve Re-Election in 2012

July 21, 2010

A year after President Barack Obama’s political honeymoon ended, his job approval rating has dropped to a negative 44 – 48 percent, his worst net score ever, and American voters say by a narrow 39 – 36 percent margin that they would vote for an unnamed Republican rather than President Obama in 2012, according to a Quinnipiac University poll released today.

This compares to a 48 – 43 percent approval for Obama in a May 26 national poll by the independent Quinnipiac (KWIN-uh-pe-ack) University and a 57 – 33 percent approval last July, just before the political firestorm created by opposition to his health care plan galvanized political opponents and turned independent voters against him.

In this latest survey of more than 2,000 voters, independent voters disapprove of Obama 52 – 38 percent and say 37 – 27 percent they would vote for a Republican contender in 2012.

American voters also say 48 – 40 percent Obama does not deserve reelection in 2012.

From:  http://www.quinnipiac.edu/x1295.xml?ReleaseID=1478

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Obama Administration Sneaks In Direct Taxpayer Funding of Abortion Through New High-Risk Insurance Pools

July 14, 2010

(CNSNews.com) – If you want proof that President Obama’s Executive Order on taxpayer-funded abortion was a sham, look no further than Pennsylvania, says House Republican Leader John Boehner (Ohio).

Boehner and other Republicans point to reports that the Health and Human Services Department is giving Pennsylvania $160 million to set up a new high-risk insurance pool that will cover any abortion that is legal in the state.

“The fact that the high-risk pool insurance program in Pennsylvania will use federal taxpayer dollars to fund abortions is unconscionable,” Boehner said in a statement on Tuesday.

“Just last month at the White House, I asked President Obama to provide the American people with a progress report on the implementation of his Executive Order, which purports to ban taxpayer-funding of abortions. Unfortunately, the President provided no information, and the American people are still waiting for answers.”

President Obama pledged that under his health care plan “no federal dollars will be used to fund abortions, and federal conscience laws will remain in place.” 

In a May 13 letter to Health and Human Services Secretary Kathleen Sebelius, Boehner asked if her department has provided guidance to the states on how to implement the president’s Executive Order on abortion funding. Boehner also asked Sebelius if the new federal high-risk pools would exclude abortion coverage.

He says his questions remain unanswered.

“Millions of Americans care deeply about this aspect of the new law and its implementation, and no progress report is complete without detailed information about it,” Boehner wrote to Sebelius.

The conservative Family Research Council says the $160 million in taxpayer funds for Pennsylvania is the first known instance of direct federal funding of abortions through the new high-risk insurance pools.

The abortion funding for pool participants validates the arguments pro-life groups made throughout the health care debate – that taxpayer dollars will fund abortions, said Tom McClusky, senior vice president of the Family Research Council’s political action arm.

“For our efforts to remove the bill’s abortion funding, we were called ‘deceivers’ by President Obama and ‘liars’ by his allies. Now we know who the true deceivers and liars really are,’ McClusky said.

From:  http://www.cnsnews.com/news/article/69384

 Wednesday, July 14, 2010

By Susan Jones, Senior Editor, www.CNSNews.com


Latest Poll: Americans Have Lost Faith in Barack Obama…

July 13, 2010

The latest Washington Post/ABC News poll is a major blow to the White House just four months before crucial mid-terms in November. According to the poll, “nearly six in ten voters say they lack faith in the president to make the right decisions for the country”, and two thirds “say they are disillusioned with or angry about the way the federal government is working.” A staggering 58 per cent of Americans say they do not have confidence in the president’s decision-making, with just 42 per cent saying they do.

The unpopularity of the president is hurting his party’s prospects in Congress, and prompting many voters to seek a greater balance of power in Washington. By a margin of 56 per cent to 41 per cent, “those most likely to vote in the midterms prefer the GOP over continued Democrat rule”, which could spell disaster for Democrats in the House of Representatives, with significant losses in the Senate as well.

…A significant majority of the American people have now lost faith in President Obama and his big spending message, and are nervous about the towering mountains of borrowing and debt that threaten to sink the US economy. The Obama White House is facing a major crisis in public confidence, and as this latest poll shows, the outlook for this November looks even worse.

From:  http://blogs.telegraph.co.uk/news/nilegardiner/100047106/americans-have-lost-faith-in-barack-obama/


Why Obama truly is the great jobs killer…

July 6, 2010

 

It’s time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes — rewarding big government and big unions, while punishing taxpayers and business owners — Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI’s Most Wanted List.

by Wayne Allen Root

Las Vegas Review Journal

As former President Ronald Reagan might have said, “Obama, there you go again.”

The current occupant of the White House claims to know how to create jobs. He claims jobs have been created.

But so far the score is Great Obama Depression 2.2 million lost jobs, Obama 0 — a blowout.

Obama is as hopeless, helpless, clueless and bankrupt of good ideas as the manager of the Chicago Cubs in late September. This “community organizer” knows as much about private-sector jobs as Pamela Anderson knows about nuclear physics.

It’s time to call Obama what he is: The Great Jobs Killer. With his massive spending and tax hikes — rewarding big government and big unions, while punishing taxpayers and business owners — Obama has killed jobs, he has killed motivation to create new jobs, he has killed the motivation to invest in new businesses, or expand old ones. With all this killing, Obama should be given the top spot on the FBI’s Most Wanted List.

Meanwhile, he has kept the union workers of GM and Chrysler employed (with taxpayer money). He has made sure that most government employee union members got their annual raises for sleeping on the job (with taxpayer money). He made sure that his voters got handouts mislabeled as “tax cuts” even though they never paid taxes (with taxpayer money). And he made sure that major campaign contributors collected billions off government stimulus (with taxpayer money).

As far as the taxpayers — the people who actually take risks with our own money to create small businesses and jobs and pay most of the taxes — we require protection under the Endangered Species Act.

You won’t find proof of the damage Obama is doing on Wall Street, but rather on Main Street. My friends are all part of the economic engine of America: Small business. Small business creates 75 percent of new jobs (and a majority of all jobs). I called one friend who was a wealthy restaurant owner. He says business is off by 60 percent. He’s drowning in debt. He won’t last much longer. His wealth is gone.

I called another friend in the business of home improvement. He says business is off 90 percent from two years ago. My contractor just filed personal bankruptcy. She won’t be building any more homes. The hair salon where I’ve had my hair cut for years closed earlier this year. Bankrupt. But here’s the clincher — ESPN Zone just closed all their restaurants across the country. If they can’t make it selling cheap food and overpriced beer with 100 big screens blaring every sporting event on the planet to a sports-crazed society, we are all in deep, deep trouble.

I’ve polled all my friends who own small businesses — many of them in the Internet and high-tech fields. They all agree that in this new Obama world of high business taxes, income taxes, payroll taxes, capital gains taxes, and workers compensation taxes, the key to success is to avoid employees. The only way to survive as a business owner today is by keeping the payroll very low and by hiring only independent contractors or part-time employees provided by temp agencies.

The days of jobs in the private sector with big salaries, full benefits, and pensions are over. We’ve all seen where those kinds of jobs get you as a business owner — in Bankruptcy Court or surviving on government welfare like GM and Chrysler. Or in the case of government itself — completely insolvent, but surviving by ripping off taxpayers and fraudulently running printing presses at the Fed all day and night to print money by the trillions.

Unfortunately, small businesses don’t have the power to impose taxes or print money. So unlike government, we’ll just have to cut employees and run lean and mean.

It has now become clear that, outside of the burgeoning field of Census takers, there will be no major increase in new jobs for years to come. Outside government, Obama has created a wasteland of economic ruin and depression that looks much like the landscape of Mel Gibson’s first movie “Mad Max.” Without a printing press in Obama’s world, you’re just plain out of luck.

The days of believing the Obama propaganda about a jobs recovery are over. The trillion-dollar corporate handouts (neatly named “stimulus”) may have kept big business in the money for the past 18 months, and artificially propped up the stock market, but small business is the real canary in the coal mine.

My small business-owning friends aren’t creating one job. Not one. They are shedding jobs. They are learning to do more with fewer employees. They are creating high-tech businesses that don’t need employees. And many business owners are making plans to leave the country. In a high-tech world where businesses can be run from anywhere, Obama has a problem. His one-trick pony — raise taxes, raise taxes, raising taxes — is chasing away the business owners he desperately needs to pay his bills.

So who is going to pay Obama’s taxes? Not his voters. They want government to pay them. Who is going to create Obama’s jobs? Not his voters — they’ve never created a job in their lives.

So what is Obama going to do? Maybe he can get Pamela Anderson on the line.

Wayne Allyn Root, a former vice presidential nominee for the Libertarian Party, writes from Henderson. His column appears every other week.

From:  http://www.lvrj.com/opinion/barack-obama–the-great-jobs-killer-97758294.html


Thanks, Obama…with U.S. trapped in depression, it’s starting to feel a lot like 1932 again

July 5, 2010

The US workforce shrank by 652,000 in June, one of the sharpest contractions ever. The rate of hourly earnings fell 0.1pc. Wages are flirting with deflation.

By Ambrose Evans-Pritchard

Published: 9:33PM BST 04 Jul 2010

“The economy is still in the gravitational pull of the Great Recession,” said Robert Reich, former US labour secretary. “All the booster rockets for getting us beyond it are failing.”

“Home sales are down. Retail sales are down. Factory orders in May suffered their biggest tumble since March of last year. So what are we doing about it? Less than nothing,” he said.

 California is tightening faster than Greece. State workers have seen a 14pc fall in earnings this year due to forced furloughs. Governor Arnold Schwarzenegger is cutting pay for 200,000 state workers to the minimum wage of $7.25 an hour to cover his $19bn (£15bn) deficit.

 Can Illinois be far behind? The state has a deficit of $12bn and is $5bn in arrears to schools, nursing homes, child care centres, and prisons. “It is getting worse every single day,” said state comptroller Daniel Hynes. “We are not paying bills for absolutely essential services. That is obscene.”

Roughly a million Americans have dropped out of the jobs market altogether over the past two months. That is the only reason why the headline unemployment rate is not exploding to a post-war high.

Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.

The share of the US working-age population with jobs in June actually fell from 58.7pc to 58.5pc. This is the real stress indicator. The ratio was 63pc three years ago. Eight million jobs have been lost.

The average time needed to find a job has risen to a record 35.2 weeks. Nothing like this has been seen before in the post-war era. Jeff Weninger, of Harris Private Bank, said this compares with a peak of 21.2 weeks in the Volcker recession of the early 1980s.

“Legions of individuals have been left with stale skills, and little prospect of finding meaningful work, and benefits that are being exhausted. By our math the crop of people who are unemployed but not receiving a check amounts to 9.2m.”

 Republicans on Capitol Hill are filibustering a bill to extend the dole for up to 1.2m jobless facing an imminent cut-off. Dean Heller from Vermont called them “hobos”. This really is starting to feel like 1932.

Washington’s fiscal stimulus is draining away. It peaked in the first quarter, yet even then the economy eked out a growth rate of just 2.7pc. This compares with 5.1pc, 9.3pc, 8.1pc and 8.5pc in the four quarters coming off recession in the early 1980s.

The housing market is already crumbling as government props are pulled away. The expiry of homebuyers’ tax credit led to a 30pc fall in the number of buyers signing contracts in May. “It is cataclysmic,” said David Bloom from HSBC.

Federal tax rises are automatically baked into the pie. The Congressional Budget Office said fiscal policy will swing from a net +2pc of GDP to -2pc by late 2011. The states and counties may have to cut as much as $180bn.

Investors are starting to chew over the awful possibility that America’s recovery will stall just as Asia hits the buffers. China’s manufacturing index has been falling since January, with a downward lurch in June to 50.4, just above the break-even line of 50. Momentum seems to be flagging everywhere, whether in Australian building permits, Turkish exports, or Japanese industrial output.

On Friday, Jacques Cailloux from RBS put out a “double-dip alert” for Europe. “The risk is rising fast. Absent an effective policy intervention to tackle the debt crisis on the periphery over coming months, the European economy will double dip in 2011,” he said.

It is obvious what that policy should be for Europe, America, and Japan. If budgets are to shrink in an orderly fashion over several years – as they must, to avoid sovereign debt spirals – then central banks will have to cushion the blow keeping monetary policy ultra-loose for as long it takes.

The Fed is already eyeing the printing press again. “It’s appropriate to think about what we would do under a deflationary scenario,” said Dennis Lockhart for the Atlanta Fed. His colleague Kevin Warsh said the pros and cons of purchasing more bonds should be subject to “strict scrutiny”, a comment I took as confirmation that the Fed Board is arguing internally about QE2.

Perhaps naively, I still think central banks have the tools to head off disaster. The question is whether they will do so fast enough, or even whether they wish to resist the chorus of 1930s liquidation taking charge of the debate. Last week the Bank for International Settlements called for combined fiscal and monetary tightening, lending its great authority to the forces of debt-deflation and mass unemployment. If even the BIS has lost the plot, God help us.

From:  http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7871421/With-the-US-trapped-in-depression-this-really-is-starting-to-feel-like-1932.html


National Debt Soars to New Levels…Thank You, Obama!

July 1, 2010

The federal debt will represent 62% of the nation’s economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office.

At the end of 2008, the debt equaled about 40 % of the nation’s annual economic output, according to the CBO.

From:  http://content.usatoday.com/communities/onpolitics/post/2010/06/national-debt-soars-to-highest-level-since-wwii/1


Economic Rebound Stalling; New Jobless Claims Rise (Again)…Thank You, Obama!

July 1, 2010

The economic rebound is stalling.

A raft of weak new reports Thursday provided the strongest evidence yet that the recovery is slowing and added to concerns that the nation could be on its way back into recession.

Most notable was a rise in the number of people filing for unemployment benefits for the first time. The four-week average for jobless claims now stands at its highest point since March.

The bleak indicators come just after Congress adjourned for the holiday weekend without extending jobless benefits, and a day ahead of a report expected to show only modest improvement in the national job market.

On top of that, the housing market appears to be slumping again, and the Dow Jones industrials closed down for the sixth trading day in a row. Add in slower growth in China and the Europe debt crisis, and economists are scaling back their forecasts for the U.S.

From:  http://finance.yahoo.com/news/New-jobless-claims-rise-in-apf-2896779054.html?x=0&.v=5