EDITORIAL: Obama’s downgraded America - Washington Times

washington times

Excerpt:The Obama administration has made history by presiding over the first-ever downgrade in the U.S. credit rating. President Obama has outdone all his predecessors in wrecking America’s good name. His answer to this problem: Spend even more.

Raising the debt ceiling was sold as a way of guaranteeing the U.S. credit rating. It had the opposite effect, which makes sense to anyone who understands credit. Take a family with a median household income around $50,000. If they spend $85,000 a year and have debt at $300,000 and growing, it’d be foolish to let them borrow more because they don’t have the income to pay it back. Raising the debt ceiling ignored this reality. Then, the Obama administration immediately demonstrated its utter lack of creditworthiness by blowing 60 percent of the initial $400 billion increase in one day, the largest single-day accumulation of debt in U.S. history.

The White House blames the George W. Bush administration for every economic woe, but the numbers speak for themselves...

The Standard & Poor’s ratings downgrade is only the beginning. Moody’s Investors Service still lists the United States as AAA but with a “watch negative” caveat, and S&P managing director John Chambers warned that should U.S. debt go over 100 percent of GDP, America would face a second downgrade...

Mr. Obama is blithely passing the buck. At a Wednesday fundraiser, he refused to own up to his responsibility for the economic calamity America is facing, saying “because we were inheriting so many challenges, we’re not even halfway there yet. When I said, ‘change we can believe in,’ I didn’t say ‘change we can believe in tomorrow.’ ”

If the nation continues on this disastrous course Mr. Obama has set, there will be no tomorrow.

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Will Washington's failures lead to second American Revolution?

Ernest S. Christian and Gary A. Robbins / Investors.com
World Tribune — Daily Brief

The Internet is a large-scale version of the 'Committees of Correspondence' that led to the first American Revolution - and with Washington's failings now so obvious and awful, it may lead to another.

People are asking, 'Is the government doing us more harm than good? Should we change what it does and the way it does it?'

Pruning the power of government begins with the imperial presidency.

Too many overreaching laws give the president too much discretion to make too many open-ended rules controlling too many aspects of our lives. There's no end to the harm an out-of-control president can do.

Bill Clinton lowered the culture, moral tone and strength of the nation - and left America vulnerable to attack. When it came, George W. Bush stood up for America, albeit sometimes clumsily.

Barack Obama, however, has pulled off the ultimate switcheroo: He's diminishing America from within - so far, successfully.

He may soon bankrupt us and replace our big merit-based capitalist economy with a small government-directed one of his own design.

He is undermining our constitutional traditions: The rule of law and our Anglo-Saxon concepts of private property hang in the balance. Obama may be the most "consequential" president ever.

The Wall Street Journal's steadfast Dorothy Rabinowitz wrote that Barack Obama is "an alien in the White House."Full Text . . . ."

MORE

and: The case for impeachment: Obama's socialist takeover must be stopped



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Our Punk President and His Gangster Government

by Tom Blumer:
BizzyBlog

Excerpt:
I’ve caught some heat since Election Night when I made my first reference to the person whom I expected would turn out to be our first Punk President.

...concern that the most powerful elected office in the world was about to be occupied by, at the very minimum, a “a young, inexperienced person” who lacks major elements of maturity one would expect in someone about to take on such a serious responsibility...

Evidence abounded during the campaign that trouble was brewing. There was the “subtle” bird-flipping of opponents — twice. There were allusions to inflicting violence on rivals. There was gaffe after gaffe after gaffe, dutifully minimized by the lapdog media establishment. There were false narratives, ranging from self-aggrandizement to whitewashing family history to (despite a big set of ears and his thin-skinned sensitivity about them) completely implausible denials about having heard objectively racist, America-hating rhetoric from a pastor of almost 20 years. The tissue-thin resume, in combination with even a small sample of the items just described, should have been enough to disturb any objective observer concerned that we were about to elect the lightest of lightweights. And we did.

Obama’s ignorance and inexperience have been quite evident since Inauguration Day — in fact, even on Inauguration Day...

...with this administration and its leader, the dictionary’s alternative definition of “punk” (”a young ruffian; hoodlum”) has been operative for quite a while.

Michael Barone, who may have been the first to describe the Obama administration as a “Gangster Government,” recognized it early on. In May, after seeing what the Obama administration was in the midst of doing to Chrysler’s first-lien, secured creditors, Barone wrote the following:

• ….. We have just seen an episode of Gangster Government. It is likely to be part of a continuing series.

Sadly, that is exactly what has followed. Obama’s car czars also ran roughshod over the contractual rights in bankruptcy of GM’s unsecured bondholders to the direct benefit of the United Auto Workers Union’s VEBA. More recently, the administration-favored health care bill as voted out of committee by the House has a $10 billion (at least) promise to shore up the benefit plans of predominantly unionized employers.

Elsewhere, the Obama administration is funding oil drilling off the coast of Brazil while doing everything it can to stifle domestic exploration and drilling. It browbeats corporate executives for taking bonuses it and Congress previously allowed, while bonuses to government employees proceed merrily along. It seemingly treats anyone who would disturb its budding empire as an enemy and not merely an opponent. Its closely-tied affiliate Organizing For America sends thugs and astroturfers to town hall meetings to crowd out others, intimidate dissenters, and worse.

It’s clear that our Punk President and his gangster government are bent on deciding, on their own and in as many areas as possible, who gets rewarded and who gets punished.

Whatever you want to call it, this behavior is not characteristic of a representative government.

What is required to combat this group of thugs is an army of Eliot Nesses. Though that army may be forming in the nascent Tea Party movement, it will have to be about a lot more than periodic demonstrations.

Gangsters play for keeps.

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