Sunday, December 25, 2011

2011 bits & review 2.

The Stock Market shot up and down , and up again pleasing the White House . While all the bets were cast on the European Market as a sure  'sign' of the major collapse . The American Market remained solid for the 1% big top earners . While the rest , the jobless stayed 9.0 percent . There is more to the PROBLEM , as I ponder . President Obama sure enough took the gains Market value as his own achievement of his Presidency. Obama score card towards the end of 2011 is a failure  , and it's all about hits and misses . Sure no bulls-eye . The President for the last 6 months has not been at Washington D.C. he's been on the campaign trail raising nearly a Billion dollars , and taking donations mostly from those of the 1% , the "super Rich" who can afford 30, 000 dollars to sit and eat with him . Sadly he left the nation's Capital to swoon in bickering , gridlock trying to pass a budget that is a wast of time as far as extending the 'Tax break' for 2 months more for every American. Last December, a deficit-reduction commission appointed by President Obama recommended a combination of revenue increases by closing loopholes and tax exemptions, spending cuts and health care reforms that ostensibly would have cut deficits by $4 trillion over the coming decade. Those reductions alone would not eliminate the nation's red ink, but were significant enough to begin to set the U.S. on a sustainable, fiscally responsible path. The plan got 11 votes in favor, seven against — three votes short of what was needed to send a formal deficit-reduction blueprint to Congress. But it had bipartisan support from pragmatists such as Sen. Dick Durbin, D-Ill., who conceded the need to rein in programs dear to Democrats, and realists such as Sen. Tom Coburn, R-Okla., whose support could have given cover to Republicans who had signed pledges not to raise taxes.


This would have been news last year. Now it's just a tragedy. Obama has contributed more to the debt than all previous presidents combined. Ron Paul is an easy good guy to find in the deficit debate...that wasn't so hard was it?

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