Friday, July 1, 2011

Obama's Weekly Lowlights (7/1/11)

ObamaCare - A "new twist" in the Obamacare bill has the Medicare chief actuary up at night worrying, the AP Reports. Social Security income would no longer be counted as income, and up to three million Americans could be added to the already strained Medicare rolls.

Immigration - The Obama Administration has decided to loosen immigration laws within the US Immigration and Customs Enforcement (ICE) agency.
Jobs - In a speech at a fundraising event, President Obama claimed that his administration "created 2.1 million private sector jobs."
Abortion - A new book released this week has estimated that 163 million female babies have been aborted by parents looking to have a son.
Pakistan - The AP reports that in a new Pew Center poll, "Pakistanis largely disapprove of the U.S. raid that killed Osama bin Laden, with a majority believing the al-Qaida chief's death is a bad thing."

Chicago – Residents of the city owe approximately 63 thousand dollars while those living in the suburbs owe 31 thousand dollars in taxes to bridge unfunded liabilities the city owes to government workers.

Medicare – A trustee for the program states without significant action the program will be dead by 2024.

HHS and FDA – They have turned their focus on regulating “unhealthy” foods.

Illinois – They are the latest state to consider new laws to restrict collective bargaining rights for unions.

Stimulus II – Many Democrats are still pushing for a second stimulus to revive the struggling economy. I suppose some will never learn from the error of their ways.

Oil Reserves – The White House has decided to tap about 60 million barrels from our oil reserves with the hope it will alleviate gas prices. However, the amount is too small to make any significant impact on gas prices.

Marijuana – Ron Paul and Barney Frank are introducing a bill to legalize marijuana.

Budget Talks – Republicans have walked out of the bipartisan budget talks, at least for the time being. The reason, as Joe Biden puts it, the main objective for Democrats is to increase taxes on the wealthiest Americans.

Tim Geithner – Claims we need to tax small businesses more so the federal government does not shrink.

High Tech – A week after slamming technology (in particular ATMs) for costing Americans jobs, Obama started a 500 million dollar project initiative to spur high tech manufacturing.

Jared Monti – He was a Medal of Honor recipient after bravely giving his life in Afghanistan. But while giving a speech to the 10th Mountain Division at Fort Drum, Obama misspoke by saying Monti came home alive.

Libya – The House rejected two separate resolutions to authorize military action in Libya.

Obama Press Conference – Obama, as usual, blamed Republicans, Oil Companies, and the wealthy for all of America’s problems. I think I heard these talking points before.

My Book: Is America Dying? (, Barnes and Noble)

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