Friday, July 29, 2011
Wednesday, July 27, 2011
Saturday, July 23, 2011
Washington drew very close to a checkmate position last night, when Speaker John Boehner first kept President Barack Obama waiting, and later informed the President that he was walking away from talks. For months, these debt talks have been developing as a classic case of chess with various elements representing chess board elements.
Monday, July 18, 2011
Oklahoma Republican Senator, Tom Coburn, lived up to his gadfly ratings by proposing a largely symbolic measure to cut the US budget by up to nine trillion dollars over a decade. The most ambitious cut proposed so far as part of the current debate about Washington's fiscal direction. The proposal seem interesting, if you consider the fact that no other publicly released proposal has identified that much cut over the same period. The problem with Coburn's proposal though remains the same as with all other Republican proposal - It is disproportionately focused on spending cuts. 8 trillion of cuts to 1 trillion of revenue - And the revenue is not even new revenue, it is mostly tax-expenditures.
Saturday, July 16, 2011
There is a myth perpetuated by the Economic "gurus", there is a correlation between Taxes and Economic activities. But look at the facts:
Friday, July 15, 2011
Thursday, July 14, 2011
The biggest problem with this president and the presidency is not just the jobs numbers as the pundits will like to make you believe. It is the increasing perception by the coalition thatelected him, that the president is in bed with the same group that screwed the country up. Both on the left, and the right, people believe the administration can not be trusted to truly bring the change it promised. And the president is humoring these belief with his actions.
While many on the left, right and center applauded the president's choice of Hillary Clinton, his near mortal challenger in the Democratic primaries, as secretary of state, most were appalled by his choices of personnel for almost all important political office in the land - most were former Clinton aids. It was like Obama decided to give the electorate what it has rejected at the polls - another Clinton Presidency. The President's choice of Rahm Emmanuel, a former Clinton White House aid, Leon Penatta, even Tom Daschle all pointed to a President that would be tied to the Clinton apron string. In time, the Clinton influence on his presidency would only grow with the appoint of Gaitner, Summers, Rommers and a legion of other Clintonistas. And so the recovery started as a well orchestrated Clinton White House hold overs. The new President called it pragmatism, but what was happening was an erosion of trust by his supporters and fueling of the opposition as his image as a change agent began to take a beating - albeit unfairly.
"The wind is blowing, and the chicken's ass is exposed " - so goes an adage. In Washington, the wind is blowing once again, and the GOP is being exposed for what it is - A party more interested in its political future, than in America's success.
Since January of 2009, weeks before Barack Obama took office as the first black President of the United States, and only one of few minorities to rise to such a national post in any nation, by through the ballot (France's Sarkorzy is another), the Republican party through its leadership , Rush Limbough, had declared their intention to see the President fail!