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  • Wheels Are Off The Wagon

    President Obama has dismissed criticism of his economic policy in the past as “political” and has said “that’s what right now we don’t have time to do.” The President does not have “time” to listen to conservative criticism of his economic policies. Fair enough, apparently Washington doesn’t change overnight. But does the President have time to address criticism from some of his strongest supporters?

    Stuart Taylor, a Senior Fellow at the Brookings Institute, Managing Editor at Newsweek, contributor to National Journal and a self-identified “Obama-admiring centrist” joined the chorus of Obama supporters begging the President to take a second look at what he is doing to the economy.

    Having praised President Obama’s job performance in two recent columns, it is with regret that I now worry that he may be deepening what looks more and more like a depression and may engineer so much spending, debt, and government control of the economy as to leave most Americans permanently less prosperous and less free.

    He continues:

    Obama’s proposals for many hundreds of billions in additional spending on universal health care, universal postsecondary education, a massive overhaul of the energy economy, and other liberal programs seem grandiose and unaffordable.

    With little in the way of offsetting savings likely to materialize, the Obama agenda would probably generate trillion-dollar deficits with no end in sight, or send middle-class taxes soaring to record levels, or both. All this from a man who told the nation last week that he doesn’t “believe in bigger government” and who promised tax cuts for 95 percent of Americans.

    He adds:

    This is not to deny that the liberal wish list in Obama’s staggering $3.6 trillion budget would be wonderful if we had limitless resources. But in the real world, it could put vast areas of the economy under permanent government mismanagement, kill millions of jobs, drive investors and employers overseas, and bankrupt the nation.

    And finally:

    Meanwhile, liberal Democrats in Congress are racing to gratify their interest groups in a slew of ways likely to do much more harm than good: pushing a union-backed “card-check” bill that would bypass secret-ballot elections on unionization and facilitate intimidation of reluctant workers; slipping into the stimulus package a formula to reimburse states that increase welfare dependency among single mothers and reduce their incentives to work; defunding a program that now pays for the parents of some 1,700 poor kids to choose private schools over crumbling D.C. public schools; fencing out would-be immigrants with much-needed skills.

    Next we have Jim Cramer, host of CNBC’s Mad Money, co-founder and Chairman of TheStreet.com and self-described “fierce environmentalist” who “embraces every part of Obama’s agenda.”

    Look at the incredible decline in the stock market, in all indices, since the inauguration of the president, with the drop accelerating when the budget plan came to light because of the massive fear and indecision the document sowed: Raising taxes on the eve of what could be a second Great Depression, destroying the profits in healthcare companies (one of the few areas still robust in the economy), tinkering with the mortgage deduction at a time when U.S. house price depreciation is behind much of the world’s morass and certainly the devastation affecting our banks, and pushing an aggressive cap and trade program that could raise the price of energy for millions of people.

    He adds:

    But Obama has undeniably made things worse by creating an atmosphere of fear and panic rather than an atmosphere of calm and hope. He’s done it by pushing a huge amount of change at a very perilous moment, by seeking to demonize the entire banking system and by raising taxes for those making more than $250,000 at the exact time when we need them to spend and build new businesses, and by revoking deductions for funds to charity and that help eliminate the excess supply of homes.

    And finally:

    So I will fight the fight against that agenda. I will stand up for what I believe and for what I have always believed: Every person has a right to be rich in this country and I want to help them get there. And when they get there, if times are good, we can have them give back or pay higher taxes. Until they get there, I don’t want them shackled or scared or paralyzed. That’s what I see now.

    Considering that many of his current economic advisors argued against these economic policies before they were on the President’s payroll, maybe the President should take the time to listen to his supporters. But if his liberal colleagues on Capitol Hill are as committed to this reckless course of action as he is, it is understandable that he may hesitate. On Wednesday, Senator Evan Bayh (D-IN), whom the President had on his “top three” list for Vice Presidential candidates, published an editorial in the Wall Street Journal that said:

    Voters rightly demanded change in November’s election, but this approach to spending represents business as usual in Washington, not the voters’ mandate.

    He adds:

    The omnibus debate is not merely a battle over last year’s unfinished business, but the first indication of how we will shape our fiscal future. Spending should be held in check before taxes are raised, even on the wealthy. Most people are willing to do their duty by paying taxes, but they want to know that their money is going toward important priorities and won’t be wasted.

    And finally:

    But what ultimately matters are not meetings or words, but actions. Those who vote for the omnibus this week — after standing with the president and pledging to slice our deficit in half last week — jeopardize their credibility.

    The wheels are coming off the wagon, and the President has a long road ahead.  The honeymoon appears to be over.

    Posted in Ongoing Priorities [slideshow_deploy]

    18 Responses to Wheels Are Off The Wagon

    1. ra,ohio says:

      Thank GOD the people in this country, (and the big-wig mucky-mucks, senior fellow at the Brookings Institute), have finally started to admit to their failure in supporting this Obamination.

      Oh Oh Oh we made a mistake!!!!!

      The lack of Common Sense when voting was your mistake.

      Some of these people couldn't find the jack to change a tire on their limo.

    2. taxed_out, Georgia says:

      Well, it's about time!

    3. Augustine 25 says:

      I think it is time to start spreading the word that there is no shame in being a one-term President. Historically speaking, serving the full two-terms is generally a rarity any ways. Heck, it's a great honor to be elected President even once…

    4. William Lulias, St. says:

      Inexperience, arrogance, flawed policy belief and no center of faith equates to a sugared up school boy that got himself elected to lead the most powerful nation in the world. A truly sad time in our history.

    5. Lisa Jennings, St. L says:

      I want to believe that people are "coming around" but I am just dumbfounded by his high approval ratings!!! Why are they still so high?

    6. Dow Hudgeons Hartsel says:

      This is what "NO EXPERIENCE" got this nation.

      Here we go down the "socialism road" and we will watch our REPUBLIC NATION be destroyed.

      Socialism has been tried many times and has FAILED !!!!

    7. Bill Vinson, Leesbur says:

      There is something we can do as the Constitution provides for we can amend the Constitution to ensure that our Government stops the oppressive policies that are ruining this country. Instead of just complaining about the debt, the lack of a balanced budget, term limits, progressive taxes do something about it, afterall it is our country and our childrens future. Lets give all those Senators and Congresspersons a civics lesson and ensure that we leave a better country for our children and our childrens children

      Write or email the following to your State Representative. Now is the time for change. Now is the time to take back our economy! Send this to your state representative.

      Call for Convention to propose amendments to the United States Constitution

      To the Honorable Representative ___your state representative_name______

      I ____your name_____ a citizen of the United States and the state of ____your state__ request that a house resolution be offered in the State legislature to call for a Convention to popose amendments to the United States Constitution as afforded under Article V. I as others have had enough of the gross mismanagement of our nations economy, and believe that the current progressive tax code is unfair and detrimental to a viable economic recovery, in addition it remains questionalble under the 14th Amendments equal protection clause most notably the phrase "equal status in the legal relations of the private economy". How can a progressive tax rate that can penalize one taxpayer over another simply because they had earned one cent more then the other.

      Overview

      The framers of the Constitution wanted a means whereby to bypass a potentially unwilling Congress in the amendment-proposing process. They thought that there could be circumstances in which Congress might ignore valid pleas to amend the Constitution.

      At the outset many of the Framers were loath to give Congress a monopoly over the amending process. On May 29, 1787, the Virginia Plan, the prototype from which the Constitution evolved, was introduced to the Constitutional Convention at Philadelphia; it included the following resolution: "Res(olve)d. that provision ought to be made for the amendment of the Articles of Union whensoever it shall seem necessary, and that the assent of the National Legislature ought not to be required thereto." George Mason, one of Virginia's seven delegates, argued from the floor of the Convention that it "would be improper to require the consent of the Natl. Legislature, because they may abuse their power, and refuse their consent on that very account." Mason added that, "no amendments of the proper kind would ever be obtained by the people, if the Government should become oppressive."[

      Congress is required to call a convention after the submission of applications by two-thirds of the states (currently 34 of 50).

      The Amendments that need to be offered at this convention and ratifed are listed below:

      Fair Tax Amendment and repeal of 16th Amendment

      One constitutional provision intended to restrict the ex-ercise of the taxing and spending power (as well as any other action of Congress) is Article V. Therefore, where that article is thwarted in its process to regulate the taxing and spending power by the actions of Congress, such as in this instance refusing to call a convention to consider repeal of federal income tax.

      Balanced Budget Amendment is any one of various proposed amendments to the United States Constitution which would require a balance in the projected revenues and expenditures of the United States government. Most such proposals contain a supermajority exception allowed for times of war or national emergency.

      Senate and House Term Limits Amendment

      The nation's Founders strongly believed in rotation in office. They left term limits out of the Constitution because they did not foresee that politics would become a career for so many people. Short term limits would remedy that mistake. Nothing is more important today than reversing the pernicious rise of a professional political class.

      Sample House Resoultion fo application for a general convention has been supplied below:

      H. J. R. No. __

      Representative ___________

      Cosponsors: Representatives ___________ ________________ ___________ _______________ ___________________

      A JOINT RESOLUTION

      Applying to the Congress of the United States pursuant to Article V of the United States Constitution to call a constitutional convention for proposing amendments.

      BE IT RESOLVED BY THE GENERAL ASSEMBLY OF THE STATE OF ___________:

      WHEREAS, With each passing year, this nation becomes more deeply in debt as its expenditures exceed available revenues; and

      WHEREAS, Fiscal prudence requires that certain steps be taken to control the growth of the budget and eliminate excessive deficits; and

      WHEREAS, Article V of the United States Constitution requires the United States Congress to call a constitutional convention upon the application of two-thirds of the legislatures of the several states for the purpose of proposing amendments to the United States Constitution; now therefore be it

      RESOLVED, That the General Assembly of the State of _______, pursuant to Article V of the United States Constitution, hereby applies to the Congress to call a constitutional convention for the purpose of proposing to the states for ratification, an amendment to the United States Constitution containing the following provisions:

      First, the amendment shall require the President to submit and the Congress to adopt only balanced budgets for all federal programs and agencies, except in times of war.

      Second, the amendment shall grant the President the authority to disapprove any item or items in any bill presented by the Congress to the President in addition to the President's authority to disapprove entire bills pursuant to Article I, Section 7 of the United States Constitution.

      Third, the amendment shall require the President to submit and the Congress to adopt budgets for all federal programs and agencies on a biennial rather than annual basis; and be it further that in addition to this Balanced Budget Amendment we submit the repeal of the Sixteeth Amendment and the adoption for the Fair Tax Amendment, finally we submit a Amendment to limit the Congress of the United States to Term Limits of no more than two term.

      RESOLVED, That this application constitutes a continuing application in accordance with Article V of the United States Constitution until at least two-thirds of the legislatures of the several states have made application for a constitutional convention or the Congress has proposed an amendment to the United States Constitution equivalent to the amendment proposed in this resolution; and be it further

      RESOLVED, That, if the convention called by the Congress is not limited in subject to the amendment proposed in this resolution, any delegates, representatives, or participants from the State of ______ asked to participate in the convention are permitted to debate and vote only on the proposed amendment contained within this resolution or an equivalent amendment; and be it further

      RESOLVED, That if two-thirds of the legislatures of the several states make application to the Congress to call a constitutional convention, the State of _________ requests that such a convention be called not later than six months after the Congress receives the thirty-fourth application from a state legislature; and be it further

      RESOLVED, That the Clerk of the House of Representatives transmit duly authenticated copies of this resolution to the Speaker and Clerk of the United States House of Representatives, the President Pro Tempore and Secretary of the United States Senate, the members of the State ______ Congressional delegation, the presiding officer of each house of each state legislature in the United States, and the news media of the State of _______.

      Sincerely

      A Concern Citizen and Patriot

      _________your name here___________________

      http://www.americancommonsenseparty.net

    8. Andrew Luck - Phoeni says:

      We alll know the Dems PAC is heavily supported by George Soros and others with an open checkbook and the Dems are sitting on a mound of cash. One of these 2 are paying for the "Trash Limbaugh/ Republicans in confusion ads". Let's even the playing field; 1) join the RNC today if you have not already, make a contribution of any kind it all helps, 2) send your reps in Congress emails on your displeasures (you wil find the icon on the right side) 3) continue having polite, professional, conversations with others of different opinions and help them see the affect our actons today will have on us for many generations. Here is the url
      http://www.gop.com/ 4) if you feel the desire to bombard any other member who may be pretending to be a Republican elected official you can find their email addresses also, and 5) Let's bombard the Democrats and make them hear our voice here is the website http://www.democrats.org/ right under the great picture they have of Rush and request for people to submit alogan for it, you will find "Our Party" click here and you can then choose Democratic Leaders and Party Org I am sure they are waiting on our emails. I was going to suggest their slogan for Rush to be thanks for the press so we can communicate our problem with socialisim but you have to make a contribution. Monday will be here before we know it let's get busy. Andrew – Phoenix

    9. Ron, Derry NH says:

      The same sheep that are masquerading as suddenly aware of the facts big horns are still sheep. They are just trying to define how a mindless drone is supposed to appear smart when the stag is looking so stupid.

      Credibility doesn't come from a reluctant follower who just noticed his Marxist leader is stumbling, it comes from those that new that the Marxist was all that he is and then some, before he proved his arrogance was foolish and dangerous.

      All these so called loyalist attempting safer footing in waters of discontent, formerly were wishing the Obama miracle would make them look smarter than their choice cares to act. Quite refreshing to know, that loyalist are only in it to look good and Obama is making the entire party look short sighted, pampered and ill at ease at finding reality to exist along side their ideology.

      In a nut shell bribing constituents with money you don't have and borrowing on taxes you will never get to collect, to increase favor amongst your worshipers, will probably have some adverse side affects when some of the realists notice your dung isn't any more real than the stuff that was being flung from their own desks during the election.

      The wheels haven't fallen off, but some of the passengers have begun to notice that there isn't a steering wheel, just a child with his foot on the gas pedal, and he can't see over the dash….and that worries some; the rest are just keeping their eyes closed and hoping the wall we hit will be soft like their heads. Hope can't drive a bus and change doesn't buy you a mind.

    10. mike baker Dallas C says:

      Does anyone out here know if Justice Kennedy takes the Tenth Ammendment seriously?

    11. Dennis A. Social Cir says:

      This country started down the tubes many years ago, God was pushed to the side and then thrown from the wagon. We need to get back to the basics of what made this country great, hard work, honesty and moral fiber. These traits have gone to the wayside.I think we are headed for a "ruler" state, obama wants to crush all critisim from anyone. He and the dems are always right and will not listen to anyone that has a different view. Well I beleive that GOD is still in charge, and all will stand before HIM someday and answer for our sins.I JUST HOPE THIS COUNTRY SURVIVES.

    12. Tracy, Austin, Tx says:

      Finally, the people are telling the emperor he has no clothes.

    13. Peter Asher says:

      Thank you all for the superb comments this morning! It is good to know that we are many.

      Two thoughts for today:

      A taxpayer is a moving target.

      In order to spread wealth, there must be wealth to spread.

    14. G, TX says:

      OK the wheels are off and his supporters are turning on him. So what! It's too late. The damage is done.

    15. Lynn B. DeSpain says:

      Old jokes come back to haunt us! It may not be "Politically Correct", but, What do you call a Black Charger?

      President Obama with a Credit Card!

      Hozro

    16. Barb -mn says:

      Everything Obama wants to put our money into are things the private sector has, can and should be expected to do for themselves without government handouts. Everything Obama does put our money into he owns! Including every state that takes the stimulus! In three years we'll be governed federally or universally.

    17. Providence, Rhode Is says:

      My wife and I are retired now. Me from 22 years in the army and she after 34 years in nursing. We planned well and have several pensions each. But even with that we have taken a $30,000 income hit with the retirement. Out house is payed for but the taxes on it are now higher than the mortgage was. Our 4 pensions provide about $45,000. We are OK but wonder how other, less blessed people will make out. We are a mixed race couple who've been together for 30 years. We have 9 grand children and one great grand all of whom are govt. dependent. :-( They act like baby birds in a nest, mouthes open, straining for the next morsel from momma's [read Obama's], generous beak.

      Current economic proposals seem to have placed us on s one way street. There is a sigh at the end and if you look carefully you'll see that it says DEAD END.

    18. Providence, Rhode Is says:

      P.S. BY the way, The wheels are not off the wagon. There is no wagon. It's a sleigh. We're just out of snow.

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