Saturday, October 22, 2011

Democrat-dominated senate 'freezes' President Obama's 'credit line' - West Palm Beach Republican |

Democrat-dominated senate 'freezes' President Obama's 'credit line' - West Palm Beach Republican |

Democrat-dominated senate 'freezes' President Obama's 'credit line'

President Obama's three-day, out-of-office [again] bus tour, cost American taxpayers several million dollars for him to take, what was, in essence, another re-election campaign junket through two key "swing states."

Even though White House spokesman Jay Carney claimed that it was "official business" to tout a "piece" of his [dead in the water] Jobs bill--judging by the scarcastic anti-Republican content and tone of his speeches, and the total lack of any audience discontent at such a lopsided presentation, suggests that once again, he spoke to small, "programed," Democrat crowds.

Regardless, the $35 billion gambit failed in a 50-50 vote on the Senate floor, well short of the 60 required to end a filibuster.

Amazingly, this "repeat defeat" was helped by three Democrats (Nelson-NE, Pryor-AR and Lieberman-CT) siding with Republicans to kill it; and, two more Democrats (Mancin-WV and Tester-MT) said they would not support it in its current form, according to Associated Press reporting today.


Jon Tester (D-MT) went on the record as saying ... "This bill fails to give taxpayers any guarantee that this money would actually be used to hire teachers and invest in our schools. States would get loads of money with little guidance that they spend the money on teachers."

Visibly angered, President Obama was quoted as saying, "For the second time in two weeks, every single Republican in the United States Senate has chosen to obstruct a bill that would create jobs and get our economy going again. That's unacceptable. We must do what's right for the country and pass the common-sense proposals in the American Jobs Act."

"Every Senate Republican voted to block a bill that would help middle class families and keep hundreds of thousands of firefighters on the job, police officers on the streets, and teachers in the classroom when our kids need them most."

Senate Majority Leader Harry Reid had this to say about the failed vote in the Democrat-dominated Senate, "Protecting millionaires and defeating President Obama are more important to my Republican colleagues than creating jobs and getting our economy back on track."

Senate Republican Marco Rubio (R-FL) rebuked Reid's statement by saying "We cannot afford to be bailing out local governments, and we can't afford stimulus 2.0."

Rubio's remarks were quickly amplified by Senate Minority Leader Mitch McConnell (R-KY), who said "The fact is we're not going to get this economy going again by growing the government. It's the private sector that's ultimately going to drive this recovery. Look, if big government were the key to economic growth, then countries like Greece would be booming right now."

One thousand adults polled by AP-GfK recently, show that only 38 percent of them trust the Democrats to manage an economic recovery, while 43 percent believe Republicans are more capable.

Why are President Obama and the Democrats having such a hard time passing any type of Jobs bill--especially with members of their own party defecting?

First, the facts--Democrats controlled the purse strings of the country since January 2007, after winning majorites in both the House and Senate in the 2006 midterm elections. Then, as a result of the 2008 elections, which ushered Barack Obama into the presidency, Democrats gained total, unmitigated control of the United States government from January 13, 2009 through January 3, 2011, allowing them unrestricted legislative and appropriations authority during that "change the direction" of the country, and cure its faultering economy.

A new Rasmussen poll clearly indicates that only 15 percent of likely U.S. voters think "the country is going in the right direction", and a super-majority of 78 percent of likely U.S. voters feel the country is going in the wrong direction.


The failed $787 billion Stimulus. An accumulated national debt of $14.7 Trillion--equal in size to the U.S. economy. A persistent unemployment rate that hasn't been under 9 percent since May 2009. Failed green technology investments, like the $535 million lost in the Solyndra Solar bankruptcy, and another $1.2 billion in question for Sunpower Solar. A $529 billion loan guarantee to Fisker, an electric car company whose vehicle, the "Karma," will be manufacturered in Finland--because they couldn't find a car manufacturer in the U.S.

Then, there is President Obama's notorious anti-business policies and rhetoric, which caused the late Steve Jobs, founder of Apple Computer, to warn Obama in late 2010 that companies were more likely to build factories in China, because of "regulations and unnecessary costs" in the United States--closing with ... "You're headed for a one-term presidency," according to a copy of Jobs autobiograhpy, reported by The Huffington Post through Newscore today.

Finally, President Obama's "out of synch with reality" desperate moves to incite class warfare by chanting ... "millionaires and billionaires should pay their fair share of taxes", and siding with the "Occupy Wall Street" protesters, true representatives of the young "entitlement" class bred by the liberal madrassas we call public schools.

Reasonable and prudent taxpaying voters are not inclined to throw good money after bad--expecting different results from someone like this, who wants to repeat prior failed actions while running up the already bloated national debt.

And that is exactly why America has "frozen" President Barack Obama's "credit line."

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West Palm Beach Republican Examiner

Jeffrey Klein, BSBA and MBA finance and economics, is a Conservative Republican, originally from Michigan, who is well known among his peers for...

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