ARRA News Service
News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this site - no paid ads - no payments for articles. Fair Use doctrine is posted & used.
Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Wednesday, June 15, 2011

The Economy, National Debt, Libya, . . . Americans Aren't Amused By Obama's Obama's Response Or His Record

Today In Washington, D.C. - June 15, 2011:
The Senate resumed consideration of S. 782, the bill reauthorizing the Economic Development Act. Roll call votes on amendments are possible today. Yesterday, cloture on Sen. Tom Coburn’s (R-OK) amendment to repeal an ethanol tax credit failed by a vote of 40-59. Also yesterday, the Senate voted 98-0 to confirm a U.S. district judge nominee for New Jersey, and confirmed another New Jersey district judge nominee by voice vote.

Yesterday, Speaker John Boehner (R-OH) sent a letter to President Barack Obama warning that the commander in chief may be in violation of the law if he refuses to ask Congress for that authorization. In his letter, Boehner noted that the President is just days away from violating the War Powers Resolution, which maintains that, without congressional authorization, the President can deploy U.S. military forces for 90 days. In his letter, Boehner demanded that Obama provide legal justification for the operation in Libya by Friday.

Last night on CNBC's The Kudlow Report, Republican Study Committee Chairman Jim Jordan made a strong case for using the debt limit as leverage to cut the deficit in half next year, cap spending as a percentage of GDP, and enact a Balanced Budget Amendment (Cut, Cap, and Balance): “We have to use the leverage associated with this debt ceiling vote to put the country on a path that makes sense, one that's actually sustainable. The fiscal path we're on will lead to a debt crisis.  If we're going to just kick it down the road, you're going to see conservative members not support increasing the debt ceiling. We have to do bold, dramatic things – cut spending, cap spending, and we believe a Balance Budget Amendment to the Constitution.”

Rep. Brad Sherman (D-CA), who was also part of the interview, argued that the debt limit is not the time to "deal with spending." That's interesting...because back in 2004 he justified his vote AGAINST a debt limit increase by arguing that it's failure would force "a serious debate on fiscal policy." Back then, the national debt was $7.4 trillion.  We must  ask Rep. Sherman what changed during the last 7 years, other than our debt doubling in size.

Speaking on the Senate floor this morning, Senate Republican Leader Mitch McConnell said, “Over the past few weeks, Americans have gotten what seems like a daily dose of bad news about the state of the economy. Whether it’s more joblessness, threats from ratings agencies, the price of gasoline, goods and housing, or a slowdown in manufacturing, people are finding very little reason for optimism.”

Unfortunately, that trend has only continued this week. CNBC reported yesterday, “It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression. Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data. . . . ‘The sharp fall in house prices in the first quarter provided further confirmation that this housing crash has been larger and faster than the one during the Great Depression,’ Paul Dales, senior economist at Capital Economics in Toronto, wrote in research for clients. According to Case-Shiller, which provides the most closely followed housing industry data, prices dropped 1.9 percent in the first quarter, a move that the firm interpreted as a clear double dip in prices. Moreover, Dales said prices likely have not completed their downturn.”

And The New York Times writes today, “In the latest sign that the economic recovery may have lost whatever modest oomph it had, more small businesses say that they are planning to shrink their payrolls than say they want to expand them. That is according to a new report released Tuesday by the National Federation of Independent Business, a trade group that regularly surveys its membership of small businesses across America. The federation’s report for May showed the worst hiring prospects in eight months. The finding provides a glimpse into the pessimism of the nation’s small firms as they put together their budgets for the coming season, and depicts a more gloomy outlook than other recent (if equally lackluster) economic indicators because this one is forward-looking.”

Leader McConnell expressed disappointment with the Obama administration’s response to the bad news. “Amid the onslaught of bad news last week, President Obama’s message was that we’d hit some bumps in the road and that people need to be patient in the face of what called economic ‘headwinds’. He even joked about the wildly mistaken predictions he and others at the White House made a couple years back about the job-creating potential of the Stimulus. Well, I don’t think the 14 million Americans who are looking for jobs right now and can’t find them find any of this very funny. I don’t think that the 23 percent of Americans who now owe more on their mortgages than their homes are worth are laughing about their predicament. I don’t think recent college graduates out there who are burdened with tens of thousands of dollars in student loan debt and who can’t find a job are amused that the Stimulus bill turned out to be a failure.”

And even NBC’s David Gregory reacted with incredulity when DNC Chairwoman Rep. Debbie Wasserman Schultz claimed on “Meet the Press” Sunday that “we were able to, under President Obama's leadership, turn this economy around.” Gregory replied, “Whoa, whoa, let me just stop you there. Clearly, the economy has not been turned around. I mean, you just saw those numbers. . . . Americans don't believe that's the case. . . . [N]obody believes that the pace of job creation is anything close to robust enough to lead to economic growth . . . even to match the economic growth projections that this administration's made.”

As Sen. McConnell added, “Americans are deeply troubled by the fact that an administration which claims to be concerned about creating jobs has spent the better part of the past two and a half years pushing policies that seem like they were designed to destroy them. . . . Americans don’t have infinite patience. They don’t want to be told to just wait a little longer when all the evidence shows that their circumstances and their prospects are only getting worse. They want a change in direction.”

Tags: Washington, D.C., US Senate, US House, the Economy, National Debt, Libya, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 3:23 PM - Post Link

2 Comments:

Anonymous Paul Francis Terrell III said...

Obama is losing on the big issues, unemployment, economixc growth and the national debt.

6/15/2011  
Anonymous Seraphima Chambers said...

Obama is finished in America..the people hate him...the people with brains anyway..

6/15/2011  

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Defeat Obama's Agenda
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Maggie's Notebook
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Adopt Our Troops in Prayer


Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.