Jindal’s Rising Star

clipped from orangepunch.freedomblogging.com The strength of America is not found in our government. It is found in the compassionate hearts and enterprising spirit of our citizens. We are grateful for the support we have received from across the nation for the ongoing recovery efforts. This spirit got Louisiana through the hurricanes – and this spirit will get our nation through the storms we face today. To solve our current problems, Washington must lead. But the way to lead is not to raise taxes and put more money and power in hands of Washington politicians. The way to lead is by empowering you – the American people. Because we believe that Americans can do anything. That is why Republicans put forward plans to create jobs by lowering income tax rates for working families … cutting taxes for small businesses … strengthening incentives for businesses to invest in new equipment and hire new workers … and stabilizing home values by creating a new tax credit for home-buyers. These plans would cost less and create more jobs.

Louisiana Gov. Bobby Jindal was the star of the show tonight. Outstanding commentary following Barack Obama’s congressional address.

The Government Drives Dow to 10-yr Low

clipped from corner.nationalreview.com The Dow hit a ten-year low today, but don’t worry, there’ll be a new low along in a day or two. This was Rush on Friday: The investors, the people who are the real poll on the state of the economy are not investing.  They are betting on the market continuing to go south. . . . Folks, Obama doesn’t have it . . . Biden doesn’t have it. Reid doesn’t have it, Pelosi doesn’t have it, Barney Frank doesn’t have it.  There is nothing that is going to come along tomorrow and restore the value of your house, replenish your 401(k) and your kids’ college fund, take the Dow back to 13 on the way to 15; it isn’t there. It could be again, but not with the leadership we have now.  That sounds right. If the United States government got out of the way, things might get worse before they get better. With the government in the way, we have only the certainty of worse.

The stock market has shed over 4000 points since the government has been trying to “fix” the economy.

Take a look.

http://finance.yahoo.com/echarts?s=^DJI#chart1:symbol=^dji;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

Please, Congress, go on vacation for a couple of years. And take Obama with you.

Instead of letting the pain come and go, the government is prolonging the pain and delaying the end of the recession.

George Soros Blames Ronald Reagan for Current Crisis

clipped from www.bloomberg.com Soros Says Financial Crisis Marks End of a Free-Market Model Feb. 21 (Bloomberg) — Billionaire investor George Soros said the current economic crisis has its roots in the financial deregulation of the 1980s and marks the end of a free-market model that has since dominated capitalist countries. Liberalization of the financial industry begun by the Reagan administration has led to a series of breakdowns forcing government intervention, Soros told economists and bankers last night at a private dinner at Columbia University in New York. The global recession, triggered by the collapse of the U.S. housing market, has “damaged the financial system itself,” he said.

George Soros is blaming Ronald Reagan for the current crisis.

Whaaaaaaat? George, get your prescriptions filled.

He conveniently forgets Bill Clinton signing the 1999 legislation repealing the 1930’s Glass-Steagall act. Republican Phil Gramm was also key in this, so I’m not just blaming Clinton. But he signed it into law.

Yet More Global Warming Inconvenient Truths

clipped from orangepunch.freedomblogging.com We hate to ruin a theory with facts, but we write about global warming, so it’s kind of hard not to. “Over the past few years, similar signs of colder than usual weather have been recorded all over the world, causing many people to question the still fashionable, but now long outdated, global warming alarmism. Yet individual weather events or spells, whether warmings or coolings, tell us nothing necessarily about true climate change. “Nonetheless, by coincidence, growing recognition of a threat of climatic cooling is correct, because since the turn of the 21st century all real world, long-term climate indicators have turned downwards. Global atmospheric temperature reached a peak in 1998, has not warmed since 1995 and, has been cooling since 2002. Some people, still under the thrall of the Intergovernmental Panel of Climate Change’s disproved projections of warming, seem surprised by this cooling trend, even to the point of denying it. But why?

I wanted to link to Orange Punch, although they’re not the original source of this clip. Orange Punch is a fantastic site to add to your RSS reader.

I’m amazed by rational people clinging to the irrational. Yet, the global warming folks still seem to be hanging their hats on something less than science. It’s like a cult at this point. Maybe the global warming alarmists are too emotionally invested to see the scientific evidence that casts doubt on their beliefs?

One Month in: How is Obama Doing?

clipped from cristyli.blogspot.com

Thanks to Cristy for putting this together.

We’re already hearing Obama fans blame Bush for the economy, the bubonic plague, and male-pattern baldness. Look at what has happened since Obama won in November or since he took over a month ago. It’s a freefall.

One could argue that government intervention is the reason for the mess. The bear market plunge began back in September 2008 when President Bush and his Treasury Secretary Hank Paulson unloaded a $750 billion “government intervention” stimulus package. Now another over $800 billion in stimulus. More government intervention, more economic hard times.

Liberal Oasis is Excited about Obama’s Momentum

clipped from www.liberaloasis.com LiberalOasis Radio Show [LIVE BETA TEST] listed in Radio Show The LIberalOasis Radio show is taped on Fridays, and today, I’m experimenting with streaming the taping live. Please forgive any hiccups.

Liberal Oasis’ Bill Scher is excited about Obama’s momentum after signing the nearly $1 trillion economic stimulus package this week.

I’d like to ask Bill if he noticed the stock market’s momentum this week? Down 6% across the indexes.

Americans Oppose Obama’s Mortgage Bailout Plan

clipped from www.powerlineblog.com Scott Rasmussen finds that by a 45%-38% margin, Americans oppose the Obama administration’s plan to subsidize people holding troubled mortgages. A review of the responses shows that there is no consensus as to what, if anything, should be done about mortgage foreclosures. This continues a pattern in which the Obama administration’s economic measures–the “stimulus” bill, aid to the automakers–are unpopular with large numbers of Americans. At the same time, Obama consistently scores approval ratings around 60%. No doubt that level is suppressed somewhat by reservations about his economic policies, but it also shows that most Americans, as you would expect, are willing to give Obama a chance and see how his measures turn out.

Is Obama’s honeymoon over already? People who are working and making payments are being asked to subsidize their neighbor. Many are upset that while they continue to make monthly payments, the rules are changed for those who don’t.

Obama Beats Jesus as America’s Hero

clipped from newsbusters.org In Harris Hero Poll, Obama First, Jesus Second This made my weekend.  Yesterday’s Chicago Sun-Times reported “Obama beats out Jesus as America’s hero.”  The article starts: Others in the top 10, in descending order, were Ronald Reagan, George W. Bush, Abraham Lincoln, John McCain, John F. Kennedy, Chesley Sullenberger and Mother Teresa.

And Obama is “always good for a beer.”

The Market is Shorting Obama’s ‘Stimulus’

clipped from www.realclearmarkets.com President Barack Obama’s “stimulus” plan invokes the 1930s fiscal strategy put forward by British economist John Maynard Keynes, who saw capitalism as pretty much spent. Having exhausted their store of innovative ideas, investors curled up. Workers lost jobs, spent less, and sent still other workers walking. Budget deficits – government spending without taxes to “pay as you go” – would pull unemployed workers off the street and arrest the downward spiral. Investors’ “animal spirits” would be calmed, new capital risked, and economic vitality restored. So the Obama theory – government spending is stimulus. If so, financial markets should feel the love. The U.S. budget is awash in red ink, and $800 billion more of it should easily move the needle on our economic prospects. Indeed it has – in the wrong direction. Financial markets don’t want more government debt or a scramble for “shovel-ready” spending projects. They want the skeletons in the banking sector’s closet exposed and expunged.

Why would anyone think that the problems that led us here are suddenly the solution to get us out? Bush spent like a drunken sailor on social programs and war. Bush passed and signed a $750 billion stimulus package. Now Obama is spending like an even more drunken sailor with a new $800 billion stimulus package and spending on wars.

Obama’s campaign promise to “spread the wealth” has become “destroy the wealth.”

CNBC’s Rick Santelli’s Chicago Tea Party

clipped from www.youtube.com Watch Video

How does CNBC’s Rick Santelli feel? Seems like he could be the little boy who saw that the Emperor had no clothes, and wasn’t afraid to speak up.