Stock Market Drops are Obama's Fault

Another Obama nominee has problems with paying his taxes.  This time it's US Trade Representative-designate Ron Kirk.

 

President Obama has an idea of how to reform health care:  community health centers.  Basically, let's put a federally-funded Grady in every city for people like Michelle Obama to dump their patients on.

 

Obama has his international crisis in Iranian nukes.  He's willing to scrap our missile defense system in exchange for help from Russia dealing with the Iranians.  Russian President Dmitry Medvedev laughed at Obama in response.

 

The Federal Reserve is going to start lending money to try and get more car, education, and credit card lending moving.

 

President Obama claims that he is already creating jobs from the stimulus package.

 

David Brooks claims to have just discovered what most of us have known for over a year:  Barack Obama is a liberal.  Brooks is either horribly naïve of just ignorant.

 

I'm not the only one blaming Obama for the continually dropping stock market; now CNBC "Mad Money" host Jim Cramer is calling it "amateur hour" at the White House, and Investor's Business Daily says that capital is on strike.  As a result of Obama's threatened tax hikes, upper-income taxpayers are looking for ways to get their income below $250,000 so they can actually keep the money that they earn, because the Obama Administration is going to try and track their money overseas to make sure they can tax it no matter where it goes..  The Wall Street Journal now declares this as officially the Obama Economy, and Reuters points out that the bailouts and partial nationalizations could lead to a double-dipping recession.

 

Speaking of bailouts, the CEO of Bank of America says that they made a mistake in asking for government help in their acquisition of Merrill Lynch.  Also, AIG, despite getting $150 billion in taxpayer dollars, is suing the federal government over a $306 million tax bill.

 

The Senate voted 63-32 to save all of their favorite earmarks in the omnibus spending bill (thanks to Dr. Greg Domin for this one).  Here's the full roll call vote.

 

Some left-wing activist groups want to impose affirmative action on charitable contributions.

 

There's a new theory about global warming:  it's temporarily on hold.

 

State House Republicans say that the school voucher bill probably will not pass in their side of the General Assembly.

 

The League of Women Voters doesn't like the idea of requiring new voters to prove citizenship in order to register.

 

This afternoon Governor Perdue will announce his new, post-stimulus budget.

 

Georgia has the highest probation rate in the country.  This is probably due to the fact that we rank 42^nd among states in personal liberty.  The same study showed that 1 in every 31 adults in the United States is in some phase of the corrections system.

 

The University System of Georgia is finally going to work with the rest of the state government and furlough their employees.  They will also probably raise tuition.

 

The General Assembly might not take a three-month recess after all.  They know what their handout is now, so why bother waiting when there are some candidates who need to start raising money?

 

The GBI is looking into a possible pay-for-play scandal involving Congressman Sanford Bishop.

 

The Warner Robins City Council, if granted an increase in the hotel/motel tax, will build a welcome center at I-75 and Russell Parkway.  There used to be one at I-75 and Watson Boulevard, but they tore that down.