I'M RUNNING OUT OF COMPUTER SPACE KEEPING TRACK OF B.O. LIES

* The Wall Street Journal

* FEBRUARY 8, 2011

'I Didn't Raise Taxes Once' Refreshing the President's memory.


Bill O'Reilly's Fox interview with President Obama on Sunday was fascinating, and not merely because Mr. Obama made clear he's an ardent fan of these pages. What really caught our attention was the President's claim that "I didn't raise taxes once. I lowered taxes over the last two years."

The Presidency is demanding, and with the Egypt mess and his other duties, perhaps Mr. Obama has forgotten some of his tax achievements. Allow us to refresh his memory. In his historic health-care bill, for example, there is the new $27 billion "fee" on drug companies that is already in effect. Next year, device manufacturers will get hit to the tune of $20 billion, and heath insurers will pay $60 billion starting in 2014—all of which are de facto tax increases because these collections will be passed on to consumers as higher costs. Of course, these are merely tax increases on business.

As for tax increases on individuals, perhaps he forgot the health-care bill's new 0.9 percentage point increase in the Medicare payroll tax for families making over $250,000 and singles over $200,000. That tax increase takes effect in 2013, as will the application of what will be a 3.8% Medicare surtax (up from 2.9% today) to "unearned income" for the first time. This is a tax hike on investment and interest income, which will reduce the incentive to save and invest.

Mr. Obama also told Mr. O'Reilly that he hasn't moved to the "center" since November's Democratic election defeat, saying "I'm the same guy." Save for a couple of tactical retreats that he couldn't avoid, we agree with him. As the President said recently in the State of the Union, he's going to insist on raising taxes again on people making over $200,000 when his deal with Republicans in Congress expires in 2012. Definitely the same guy.
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PATHOLOGICAL LIAR-IN-CHIEF CAUGHT AGAIN

Writing in the New York Times in November 2003, Austan Goolsbee, then a professor at the University of Chicago, flamboyantly accused the government of "cooking" the books regarding unemployment.  "The situation has grown so dire," he said, "that we can't even tell whether the job market is recovering. The time has come to correct the official unemployment statistics to account for those left out."

Professor Goolsbee is now a top economic advisor to President Obama. Would he admit that the official jobless of 9.5% grossly underestimates the pain of job losses in America and do something to correct the situation?  Findings in recent IBD/TIPP polls suggest that now would be a good time to undertake such a project.

According to Labor Department data, the civilian labor force in June totaled 153.7 million people, 14.6 million (9.5%) of whom were unemployed. But in the latest IBD/TIPP poll conducted last week, 28.6% of respondents said at least one member of their household is unemployed and looking for work. This number for June was 27.8% and for May 28%.
When we project our household job-seekers rate and calculate the share of Americans who are unemployed and looking for work, we get a job-seeker rate of 24.1% for July for a total of 37 million Americans vs. the government's aforementioned 14.6 million.
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THIS LIAR DOES NOT WANT TO GET THE COUNTRY BACK ON THE RIGHT TRACK!

Thanks to Neal Boortz for these thoughts.

Last week our federal debt surpassed $13  trillion...and the average debt per citizen has soared to $42,144.    This is the first time in history that our country has sunk this much  into the red. Say what you will about the spending of previous  administrations, but there is no doubt that B. O. and the Democrats  running the economic show in Congress are on a high-speed track to  America's financial destruction.

Since the inept Community Organizer has taken the reins in  Washington, our government has spent an average of $5 billion a day.  That is almost three times as much as the daily average under George W.  Bush. This means that so far under Obama's presidency, our national debt  has risen $2.4 trillion.

Recently, BO had harsh words for the GOP .. he criticized them for  sitting on the sidelines and not offering any solutions. Perhaps Obama  should direct some of that anger towards his fellow Democrats in  Congress who have refused to vote on a budget this year. Other than  defending our nation, is there a more primary function of government  than setting a basic budget for operations? While Obama has managed to  appoint a debt commission, what real action do you see the Democrats  trying to take in tackling our debt crisis? The answer is that you  don't. That's because this is a crisis that isn't going to win them  votes. It isn't going to win them re-election or union support or local  memorials in their honor. It is going to be an issue that takes real  guts - it is going to take politicians who are not there because they  seek power, but because they want to get this country back on track.  Where can you find such selfless people nowadays? Sure ain't the people  currently running the show.

While we are bemoaning the $13 trillion debt, this is a great column  from Caroline Baum at Bloomberg News:


    "We feel for this  mom whose work options are limited by the need to care for her  3-year-old daughter. We all know someone who has been left jobless,  financially strapped and emotionally bereft by the recession. Yet, at  the risk of sounding hard-hearted, the U.S. can't afford to provide  everyone with food, clothing and shelter, not to mention medical and  child care, college tuition, a low-interest mortgage and a Social  Security check until death.

    As much as this single mom's plight tugs at our heart strings,  using deficit financing to provide her with government subsidized child  care is dangerous to her child's health. That child will have to  shoulder the bill. That's the pain we don't feel or hear about; the pain  that doesn't make its way into news stories, at least not in human  terms; the pain that's no less real, just less pressing."

Do you get the point? Things may be a bit rough for us right now  no thanks to this idiot president and his moronic administration , but  do you realize the burden we're putting on our children to ease the pain  for ourselves?  Wouldn't a loving parent suffer the pain right now so  that their children might have a better life? The pain is no less real.  It is a pain that doesn't make the front page of the news. Forget  swimming pools or choking hazards. Our federal debt may be the single  greatest danger to your child's health.