Sunday, December 18, 2011

Obama’s Lowlights (12/19/11)

MF Global - Jon Corzine, testified in front of the House Agriculture Committee last week about the sudden bankruptcy of MF Global in October. He was at the helm for barely a year, but while Corzine was CEO, the financial services company made some poor bets on European debt, and about $1.2 billion simply vanished.

Iran – The U.S. finally confirmed that Iran did indeed capture a U.S. drone that was spying on their nuclear program. To complicate things, the drone is nearly 100% in tact meaning Iran can reverse engineer much of the technology. Our naïve President has asked for the Iranians to return the drone back to the U.S.

Taxes - "Senate Majority Leader Harry Reid says his chamber won't approve a House Republican bill extending the payroll tax cut that also clears the way for construction of a controversial oil pipeline," the AP reports.

Debt - States may face up to $3 trillion in unfunded pension liabilities for government workers, according to new Congressional reports.

NRLB – Darryl Issa, who is chairman of the House Oversight and Government Reform Committee, says he has issued subpoenas to the labor relations board for documents related to its case against Boeing, which he argued was political. - The far Left Occupy Wall Street movement is planning to use online sources and our public classrooms to indoctrinate the masses with a socialist propaganda.

Infrastructure – According to a USA Today article the federal government spends 40 billion dollars annually on road construction projects, but they do not track how the individual states use the funds.

Wasserman-Schultz – In a Fox News interview the DNC chair denies that unemployment has gone up with Obama as President.

Obama - "I always believed that this was a long-term project," the Democratic president told "60 Minutes." He added it would "take time" to reverse "structural problems in our economy that have been building up for two decades." What Obama does not acknowledge is the average recession only lasts 15 months – only bad policies will let a recession last 6 or 8 years.

Occupy Wall Street – Boston is the latest city to evict rowdy protestors from city parks. Forty-Eight protestors were arrested making the total arrests nearly 4000 thousand nationwide. And yes, they claim to be the Party of civility. Meanwhile, some protestors are blocking access to major ports on the West Coast.

Border Security - The Obama administration, in an effort to make the border "more secure than ever," has issued a new proposal would allow people to check themselves into the United States through an electronic kiosk on the border, without a Border Patrol or I.C.E. agent physically present.

Happiness - One of the biggest reasons why conservatives are happier than liberals according a Yale sociologist profiled on PBS is because conservatives believe in equal opportunity and being rewarded for hard work. The violent anger within the Occupy movement is proof that liberals are less happy than Tea Party conservatives.

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

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