DARK SKIES BLOG

Obama doesn’t understand that the foundation of our economy is business. Make it hard on businesses small and large…kill the economy!

Kudlow calls it correctly when he says that Obama seems to be attacking the goose that lays our golden eggs. On what does Obama think our economy is based…government?

From CNBC…

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

Continue Reading…

There may be hope yet. From today’s Daily Beast, here are a few quotes from an article by John Batchelor…

The public may have liked the president’s big speech, but the GOP isn’t worried. Insiders say they’re raring for a fight, and that they think Obama’s in a very vulnerable position.

…

“I feel sorry for him sometimes,” confided a senior Republican House member about President Obama. “He invited us over to the White House to explain to us how the stimulus plan is working, and how the budget is going to work, and he spoke to us a couple of times. He doesn’t act like he knows what’s going on with the economy. He’s so afraid of confrontation, when you challenge him, he backs off, like he doesn’t know the right answer.

…

When he (Obama) protested that his stimulus bill was going to create all these green jobs, he was told back, what’s that do for a machinist in the UAW who just got his job yanked? And the president smiled and laughed sympathetically and said, ‘I was just joking with you.’”

…

“Inspiration is not what you hear from the president. The one thing that comes across from being in the chamber with him is, that the thing you felt with Clinton, it’s not there, there’s no magic. The Democrats don’t feel it and we sure don’t. The president didn’t earn what he’s got, and no one’s afraid of him… Dictatorial power? Fascist. That’ll be the day. No one’s worried about what he’s going to do. People applaud. What’s it mean? ”

Glenn illustrates graphically how the amount of US dollars in circulation is skyrocketing.

Video on next page, click here!

Ouch!!!

Video on next page, click here!

Holy Cow! Stuart attacks ACORN with no holds barred!

Video on next page, click here!

Bibi hopes to form a broad coalition, but Livni says “no way.” From today’s JPost (excerpt)…

After the failure of his last-ditch effort to muster Kadima leader Tzipi Livni’s support for a unity government on Friday, President Shimon Peres formally entrusted Likud chairman Binyamin Netanyahu with the task of building a coalition.

Netanyahu arrived as Beit Hanassi on Friday afternoon and received the president’s official letter of appointment.

Earlier, after emerging from a meeting with Peres, Livni announced that she had no intention of joining a broad coalition under Netanyahu, despite the Likud chairman’s assertion that he was willing to “go to great lengths” in order to induce Kadima to join his government.

HT: Clarice Feldman

What sort of parallel universe have we slipped into when Putin warns against the dangers of socialism while at the same time our own President gives us the bum’s rush into that very abyss. Here are Putin’s exact words in his speech at the opening ceremony of the World Economic Forum in Davos (excerpt/emphasis added)…

In the 20th century, the Soviet Union made the state’s role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly. I am sure nobody wants to see it repeated.

Nor should we turn a blind eye to the fact that the spirit of free enterprise, including the principle of personal responsibility of businesspeople, investors and shareholders for their decisions, is being eroded in the last few months. There is no reason to believe that we can achieve better results by shifting responsibility onto the state.

And one more point: anti-crisis measures should not escalate into financial populism and a refusal to implement responsible macroeconomic policies. The unjustified swelling of the budgetary deficit and the accumulation of public debts are just as destructive as adventurous stock-jobbing.

Source: Wall Street Journal

In the month that Obama has been in office, his style of management is beginning to emerge–and it is alarming to say the least. Tony Blankley describes Obama’s odd “hands-off” style in today’s RealClearPolitics (excerpt)…

I can think of four possible explanations for this almost unprecedented presidential detachment from the decision making of policies the president publicly declared to be vital to the country and his presidency:

1) He is a very, very big-picture man, and he delegates decisions even on the central points of vital issues.

2) For tactical reasons, he decided these matters were not worth using up political chits.

3) He is either hesitant or unskilled at management, and he let matters drift until it seemed too late to intervene personally.

4) Or his personality type leaves him surprisingly uninterested in things that aren’t personally about him.

Welcome to the real world, Mr. President!

In memory of his daughter, Maria!

Video on Next Page–Click Here!