The Democrats LOVE it when things are bad.
A while back I stated that when the election starts to get close, things are going to get real bad in the area of the Economy, and Terrorism. Remember this post Obama said to the leader of Iraq NOT to push for our troop withdraw yet…Until after the election. Remember that? Of course no MSM speaks about it.
Defeat and dire straights are great tools for the Democrats, as long as there is a REPUBLICAN in the Whitehouse. Democrats (Not all, mostly the far left Democrats) benefit from the anguish of Americans for political gain.
I have been watching for the terrorists activity uptick and after I posted that story we got these.
Saturday September 13th, a coordinated bombing attack took place in New Delhi, the capital of India.
Five bombings within 45 minutes struck busy shopping districts in India’s capital, killing at least 23 people and injuring more than 60.
A little known group calling itself the Indian Mujahideen asserted responsibility for the attacks, saying in e-mails sent to several news stations: “Stop us if you can. We strike with message of death. We are terrorizing for your sins.”
Permanent Secretary in the Ministry of Foreign Affairs Mr Mwangi Thuita confirmed the incident but said nobody in the Embassy was injured in the attack.
Mr Thuita told Sunday Nation that the blast shattered windows and doors of the Embassy building.
AFP news agency reported that at least 60 people were killed and over 100 others injured in the attack.
Deadly bomb hits hotel in Pakistan capital
A huge explosion ripped through part of a luxury hotel in Pakistan’s capital, Islamabad, today, damaging buildings in a wide radius, killing scores and injuring many more.The blast, one of the biggest seen in Pakistan in recent years, took place at the Marriott hotel. The hotel was left burning fiercely all along its facade with fears that it could totally collapse.
And we all see how the economy is doing according to the media… BUT lets look at the truth for a change:
The unexpected 228-205 defeat of the housing bailout in Congress yesterday threw a curveball across Wall Street. It contributed to a large sell-off on Wall Street, where the bailout had already been “priced” into the market. The Dow shed just over 6 percent, the 18th largest drop in its history. But given the dire warnings about financial chaos that would result unless there were a bailout, this seems fairly modest.
Let’s be clear: This is a Wall Street crisis, not a national economic crisis. The overall economy, while a bit weak, is still growing. Some politicians are comparing the current environment to the Great Depression. But in 1932, when the federal government last moved to bail out the banking sector, economic output had fallen 45 percent and unemployment was a staggering 24 percent. Today, economic output is actually up and unemployment is a historically modest 6.1 percent.
The overall economy doesn’t even face a liquidity crisis in the current turmoil. Consumer, commercial/industrial, and real estate loans are all up over last year. Main Street is doing fine. The liquidity crisis is confined to Wall Street, between and among investment banks, insurance and securities firms, and hedge funds. There is the possibility that the contagion could spread, but in a global capital market, this is hardly certain. Source
While this bailout is occupying all of our attention, the Democrat leaders including the OBAMAMESSIAH are sticking it to us, they are complaining about “Fairness” in Missouri (Which is basically the suspension of of free speech in order to make sure Obama carries that state)
The VP debate that is being moderated by a book writing OBAMA supporter, I think we need to prepare for the ultimate possibility that Obama is going to be president. I think competing with Soros’s minions is not possible in the framework of the law.
So the cards are stacked against the McCain/Palin ticket. The Media is picking our president and the AMERICAN voter is being led by the short and curly’s to vote for a socialist. I think it is amazing that the MSM is fawning over Obama, they do not see that an Obama presidency comes with some regulations on MEDIA… They will be told what they can not say.
We are very possibly going to have the most liberal President in the history of our nation, and while we can blame the current administration for a large part of it, we must also realize that if we had Obama sitting in the oval office on Sept 11 2001 we would have likely been attacked again, and again. So now that GWB has done the lions share of the work against Islamic Extremists, Obama can come in and proclaim his messiahness…..
I hope we can sustain America through the socialist/Communist Obama regime, and then MAYBE we will get a “Reagan” type conservative in the WH.
9 Replies to “The Democrats LOVE it when things are bad.”
Today’s economic news:
U.S. Economy: Manufacturing Contracts Most Since 2001 Recession
By Timothy R. Homan
Oct. 1 (Bloomberg) — Manufacturing in the U.S. contracted in September at the fastest pace since the last recession as the credit crisis spread beyond Wall Street.
The Institute for Supply Management’s factory index dropped to 43.5, the lowest level since October 2001 and below economists’ forecasts, the Tempe, Arizona-based group reported today. A reading of 50 is the dividing line between expansion and contraction.
Today’s figures show that manufacturing, which had weathered a domestic slowdown because of record exports, is now starting to buckle as expansions from Japan to Germany falter with the global financial crisis. The housing slump has already spread to autos, and other industries may follow as mounting foreclosures, tougher lending rules and rising unemployment choke off spending.
“This sharp drop is putting maybe an exclamation point behind the word `recession,”’ said Stuart Hoffman, chief economist at PNC Financial Services Group Inc. in Pittsburgh, referring to the ISM report.
@smrstrauss: He is right too, but I think this is the price we pay for greed, unethical leadership and an education system that is BROKEN. We don’t teach responsibility anymore, we don’t hold anyone (Except republicans) to account in public…. I am not sure what you are trying to say with that comment, but if you are trying to say things are bad… YEP agreed, Are they as bad as the DEMOCRATS want you to believe? HELL NO.
The magic bullet will happen if Obama is elected.. all of the sudden things are ok right? Bullshit. I wonder how long it will be before “It’s Bush’s fault” gives way to “It’s Obama’s Fault”
Yeah I’ve been monitoring the Religion of Peace website and there is DEFINITELY an uptick.
And what we’ll probably see if Osama is elected it a direct hit, to test him out. I hope to hell I am wrong.
I think there’s a lot of blame for everyone. I have a quotation from Bush at the height of the Real Estate Bubble (sorry, mixed metaphor), saying that the growth in homeownership so far was great, but it could be even faster.
But that is understandable. Homeownership is a good thing.
So what went wrong? Well, ask yourself what party seems to embrace the feeling that “greed is good”? What party for a long time embraced Laisse Faire? What party seems to keep voting against the extension of unemployment insurance?
Wonder why that party will have some difficulty getting votes in November?
As for the economics of the US. I sure hope that you are right and that the economy is really strong under the covers. But the rest of the world is not looking good. London’s Telegraph newspaper (a conservative publication) is writing that:
“Ireland is now in recession – the first member country to suffer two successive quarters of contraction. It will probably be followed by Europe’s big hitters including Germany and Italy. Spain, with its housing market plunging as fast as Britain’s, is also likely to face a major downturn.”
As I say, I sure hope that you are right.
@smrstrauss: I find it funny that when the blame belongs on the Democrats for sub prime lending practices based on race and the community they live in, there is enough blame to go around. When it is perceived as a REPUBLICAN failure, IT is SOLELY the Republicans bane.
Greed is good, I don’t have a problem with GREED, I think more folks should have greed, I think if more people were greedy rather than lazy we wouldn’t have such over crowded inner city slums.
I also think ETHICS needs to be taught, since religion is no longer acceptable in our education system, ETHICS should be mandatory. Proper ethical responsibilities, basic consequences for unethical behavior should be increased and manners should be instructed. BUT that’s just me.
I say the free market needs to be adjusted occasionally and if it requires a recession so be it, we have come through worse, and it will be interesting to see if this generation of xboxers and internet junkies can weather the storm.
Re: I also think ETHICS needs to be taught, since religion is no longer acceptable in our education system, ETHICS should be mandatory. Proper ethical responsibilities, basic consequences for unethical behavior should be increased and manners should be instructed. BUT that’s just me.
Oh no. Lot’s of people agree with you. One of the best ways to discourage immorality in government is to kick the party responsible out.
Here are some real immoralities, and they can be traced right to the Bush Administration:
Quotes:
Federal No-Bid Contracts On Rise
Use of Favored Firms A Common Shortcut
By Robert O’Harrow Jr.
Washington Post Staff Writer
Wednesday, August 22, 2007; Page A01
Under pressure from the White House and Congress to deliver a long-delayed plan last year, officials at the Department of Homeland Security’s counter-narcotics office took a shortcut that has become common at federal agencies: They hired help through a no-bid contract.
And the firm they hired showed them how to do it.
Scott Chronister, a senior official in the Office of Counternarcotics Enforcement, reached out to a former colleague at a private consulting firm for advice. The consultant suggested that Chronister’s office could avoid competition and get the work done quickly under an arrangement in which the firm “approached the government with a ‘unique and innovative concept,’ ” documents and interviews show.
A contract worth up to $579,000 was awarded to the consultant’s firm in September.
Though small by government standards, the counter-narcotics contract illustrates the government’s steady move away from relying on competition to secure the best deals for products and services.
A recent congressional report estimated that federal spending on contracts awarded without “full and open” competition has tripled, to $207 billion, since 2000, with an $60 billion increase last year alone. The category includes deals in which officials take advantage of provisions allowing them to sidestep competition for speed and convenience and cases in which the government sharply limits the number of bidders or expands work under open-ended contracts.
Government auditors say the result is often higher prices for taxpayers and an undue reliance on a limited number of contractors.
And:
Sex, Drug Use and Graft Cited in Interior Department
New York Times
By CHARLIE SAVAGE
Published: September 10, 2008
WASHINGTON — As Congress prepares to debate expansion of drilling in taxpayer-owned coastal waters, the Interior Department agency that collects oil and gas royalties has been caught up in a wide-ranging ethics scandal — including allegations of financial self-dealing, accepting gifts from energy companies, cocaine use and sexual misconduct.
In three reports delivered to Congress on Wednesday, the department’s inspector general, Earl E. Devaney, found wrongdoing by a dozen current and former employees of the Minerals Management Service, which collects about $10 billion in royalties annually and is one of the government’s largest sources of revenue other than taxes.
“A culture of ethical failure” pervades the agency, Mr. Devaney wrote in a cover memo.
The reports portray a dysfunctional organization that has been riddled with conflicts of interest, unprofessional behavior and a free-for-all atmosphere for much of the Bush administration’s watch.
The highest-ranking official criticized in the reports is Lucy Q. Denett, the former associate director of minerals revenue management, who retired earlier this year as the inquiry was progressing.
The investigations are the latest installment in a series of scathing inquiries into the program’s management and competence in recent years. While previous reports have focused on problems the agency had in collecting millions of dollars owed to the Treasury, and hinted at personal misconduct, the new reports go far beyond any previous study in revealing serious concerns with the integrity and behavior of the agency’s officials.
In one of the new reports, investigators concluded that Ms. Denett worked with two aides to steer a lucrative consulting contract to one of the aides after he retired, violating competitive procurement rules.
Two other reports focus on “a culture of substance abuse and promiscuity” in the service’s royalty-in-kind program. That part of the agency collects about $4 billion a year in oil and gas rather than cash royalties.
@smrstrauss: Well I never will, nor have I ever said Bush was not guilty of poor leadership. Bush, I truly believe had the country first in his thoughts when he made the decisions he made. The chose wrong on several. This is not about BUSH though he is gone in 3 months. McCain voted against Bush on Several of the issues you bring up, Obama voted present or NOT at all..
What do you mean it’s not about Bush?
Bush and McCain are Republicans. If McCain were to become president, he would pick Republicans as his cabinet members, advisers and undersecretaries.
He would continue the Bush tax cuts. He would, I suppose, be more moral than Bush, but the people that he picks would not necessarily be more moral, and he like Bush have voted against extending unemployment benefits.
It is unAmerican to continue the same party in office after stupidities (like sending $12 billion CASH to Iraq, where it was lost or stolen), corruption, incompetence, failure to be “the uniter not the divider” that was promised, Etc. Our tradition is to throw the bastards out! It is a fine, conservative tradition that has served us well for more than 200 years. Let us continue it.
@smrstrauss: I can’t disagree with the “Throw the bums out” sentiment.. I am absolutely fine with it… BUT look at who has controlled the country for the last 2 years? DEMOCRATS, in 06 our economy was sound. In 08 nearing the election we are in a recession? So who do we vote out?
ALL of them I am cool with that. Sarah Palin is the only one standing and I can live with that.