As Usual, Dems Blame Someone Else

Someday, in the future, President Obama and his staff will actually take responsibility for their own actions and their own failures. From the very first day of his presidency he has sought to blame all that ails on someone else. Occasionally, he has been at least partially correct. The economic collapse did occur on George Bush’s watch. While the foundation of the trouble (housing crash) can be rightfully tied to democrat policies under Clinton, Bush had his chances to fix Fannie and Freddie. But after a year or so, the economic troubles belong to the current administration, no matter how much he tries to paint this otherwise. Obama and his spending policies have sent our national debt into the stratosphere.

Now his staff and his main stream media sycophants are attempting to place the blame for the S&P downgrade on the Tea Party. Never mind that the Tea Party and the representatives they sent to Congress tried to get a balanced budget amendment passed and also championed deeper cuts. The lack of both of these was cited by S&P officials as reasons why the downgrade occurred.

China Making A Play

Earlier this week I posted a link and an article about how we may be entering a double-dip in the recession. The article gave ten reasons why this is a very distinct possibility.  Of those 10 was one regarding the debt ceiling.

8. Debt Ceiling. Tied directly, as far as I am concerned, to the out of control budgeting and spending by the democrats. Yes, Bush was also out of control but his deficit spending can’t hold a candle to spending initiated by Obama and the democrat Congress during the first two years of his term. This has caused the deficit to reach a staggering $14T+ level, with little end to the upward spiral in sight. China, an ideological enemy of our form of governance, controls a very large portion of the debt. I am sure the only thing stopping them from calling in the marker is the knowledge that this create an economic meltdown that would make the Great Depression look like a bump in the road. It would not surprise me in the least if once our economy is humming again (after 2012), China does what it can to slow us down. (Source: 24/7WallStreet)

Looks like I might have not been correct, but hey, I am not an economist. According to this article at Big Peace, the Chinese have decided to diversify their monetary holdings by getting rid of their dollars.

Powerline Grand Prize Winner

Here is Power Line Blogs grand prize winner. It is good, but not as good as some of the others, IMHO. This is “The Spending is Nuts.”

By the way, you should visit Power Line Blog to see the top ten, plus others they highlighted but just missed making the cut.

Powerline Contest #2

This one finished in second place and is probably my favorite. “Don’t You See?” is very catchy and would probably do well on a regular radio station if not for the subject matter. I would guess that most radio producers would consider the song a downer. They have no problems playing songs about suicide, drug use, and murder, but a song about being responsible is just too much of a downer.

Powerline Contest #3

The third place finisher, “Dawn of the Debt”, in the Power Line Blog contest was the best all around. The music was good, the narration was timely and relevant (I actually thought it was Tom Skerritt for a moment), was fun to watch. It was done professionally, that much is quite clear. Power Line recommends viewing it on You Tube and I agree.

Powerline Contest #4

This is the Power Line Blog fourth place finisher, titled “Mock the Spending”. Very interesting concept but it kind of hurt my head to follow it since I am not a fan of WOW. But it is a worthy of finishing “in the cash”.

Has the Double-Dip Arrived?

Now that all the hand-wringing over the debt ceiling has finally ended with the sell-out, the attention now turns to how well the economy is (not) doing. Recently, the Gross Domestic Product (GDP) report an anemic 1.3% gain over the previous quarter, a sure sign that the double dip recession has arrived.

Remember when good ol’ Uncle Joe said 2010 was the recovery summer? Well, that pretty much fell completely flat when unemployment stubbornly remained at or near 9% and home sales and values continued to plummet. A nine percent unemployment rate does not a recovery make. The debt continued to grow at an astronomic rate, which brought us to the last few days. And the housing market remains in an utter funk.

With these factors dragging on that supposed recovery summer, it was only a matter of time before the roof started to collapse. Here are ten reasons why the double dip recession is here. Condensed from and courtesy of 247WallSt.com. Read the report at the link, then read my commentary. Or you could do it the other way; no matter.

Power Line Contest, #5

The fifth place finisher is a longer one, but worth a view.

“How Big is a Trillion?”

Power Line Contest, #6

“Pool” was the sixth place finisher.

“Pool”

Power Line Contest, #7

This is the number seven Power Line contest finisher

“Fiscal Child Abuse”

Power Line Contest, #8

“Weight” is the number eight finisher. Interesting take on how things compare.

“Weight”

Power Line Contest, #9

The number nine place is a comic posted at Instapundit.

Power Line Contest, #10

“Talking Babies” was the tenth place finisher.

"Talking Babies"

Power Line Contest

Here is another that didn’t make Power Line’s top ten. Very Entertaining.

"Shovel Ready"

Power Line Contest

Earlier this summer Power Line Blog started a contest to give away $100,000 dollars to the Power Line reader who best dramatizes the national debt.

Here are some of those:

This one did not make the top ten but they did like it:

“Goldfish”