Archive for May 16th, 2009
Debt load unsustainable…
Our long-term debt load is unsustainable, and we can’t keep borrowing from foreign countries forever. What makes this remarkable is that Obama himself said it at a town hall meeting in New Mexico. What he did NOT say is that all of his policies are making the problem vastly worse. He also didn’t mention that he continues and even enlarges these same policies, much less acknowledge that he intends to stay this course.
We’re broke, but the spending doesn’t slow. Larry Kudlow has some excellent advice for His Oneness and Congress, which will certainly go unheeded, as frugality is preached and spending is practiced.
I’m afraid I see this as just more moves from the Saul Alinsky playbook — saying one thing while doing another, contrary, opposite. Obama has now warned us of skyrocketing interest rates, rampant inflation, and the ruination of the financial future of our grandchildren. His Oneness will, in due course, proceed to make matters even more grim by doing the very things which guarantee that dark future.
Do you realize that the unemployment rate is already at the point he warned us it would be if the stimulus package were NOT passed?
Jim Geraghty of National Review has a excellent column on the Alinsky methods and ideology by which Obama operates. Joan Swirsky tells us why — he hates his country. That is a theme I will be returning to, after I’ve replanted my drowned, now heat-stressed plants, which want May weather, damnit, not July!
Stimulus sparks trade war…
Canada is angry because its companies are being told they must use only American-made parts for projects being done in the USA with stimulus money. Gee, what a surprise!
And the domestic corporate world is starting to worry about Obama’s publicly bullying any who don’t fall in line with his plans. Perhaps they’re aware of the government’s push to appoint Bank of America’s board of directors.
And even the lapdog media is finally beginning to comment on the utter failure of His Oneness to support the dollar.
Shuttle in the sun…
This is a stunning photograph. It was taken in Florida by an amateur astronomer, Thierry Legault, an engineer already famed for his pictures of space shot from his yard in Paris.
It also happens to be the first ever image of a solar transit of a space shuttle and Hubble Space Telescope. It’s hard to realize that Hubble is 19 years old, and that this probably really will be its last repair.