Monday, August 8, 2011

Obama's Lowlights (8/8/11)

Economy – GDP for the first quarter of 2011 was revised sharply downward from 1.9% to 0.4%. And what’s worse GDP for the second quarter of 2011 was reported to be an anemic 1.3%. Also, U.S. markets have erased their 2011 gains over the past several weeks due to the debt ceiling debacle and weak economic conditions. The unemployment rate dropped to 9.1% as the private sector added 117 thousand new jobs (although this is not enough to keep up with population growth). In fact, the unemployment rate would be 11.7% if the labor force was did not shrink and was the same size when Obama took office. Only 59% of all eligible working Americans are employed, the lowest level in 6 decades. And if all this is not bad enough, S&P lowered the U.S. credit rating.

Automobiles – The Obama administration is going to reset automobile mileage standards to be 54.5 miles per gallon by 2025. It is never good when one person who understands absolutely nothing about the technological challenges and quality tradeoffs is the person in charge of setting unrealistic goals.

Polar Bears – Charles Monnett, who is responsible for managing 50 million dollars to study Arctic wildlife and ecology, was placed on leave for his false writings about polar bears drowning because of melting polar ice. Al Gore has used Monnett’s study in his movie “An Inconvenient Truth”.

Gallup – During the debt ceiling debate Obama’s approval numbers hit an all-time low of 40% at the end of July.

Fast and Furious – During the 2008 campaign Obama spoke about tracing guns, meaning the White House probably had more to do with the failed plan than other agency workers may let on.

Cash – According to the U.S. Treasury, on August 2nd, the federal government had less operating cash on hand (73 billion) than one single corporation: Apple (76 billion). The point is that one single private sector company has done a better job managing its finances than the entire federal government.

Britain - Hip replacements, cataract surgery, and tonsil removal are among operations now being rationed by Britain’s National Health Service.

Internet - In a 19 to 10 vote, a House panel voted in favor of Internet providers maintaining logs of their customers’ activities for one year – in case police need to review the information at a future date.

ObamaCare - Your health insurance premium will now be more expensive thanks to a measure in ObamaCare that forces private insurance companies to provide women with prescription birth control and the morning after pill without having to pay out of pocket costs/a co-pay.

Vanity Fair – Disgruntled liberals from the magazine have theorized the reason behind the failing Obama White House is due to the fact Obama quit smoking.

Biden – He called the Tea Party congressional members terrorists for their handling of the debt ceiling debate.

TSA – They finally announced that they will begin screening passengers based on behavioral patterns, and not just based on random occurrences.

Afghanistan – Thirty-one special ops troops were killed in Afghanistan including 20 Navy Seals.

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

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