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People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Saturday, March 21, 2009

Where Was He When It Counted?

Barack Obama should resign and become a blogger. If he's not going to lead this nation, he needs to get out of the way and just provide commentary as the USA crumbles into dust. Because commentary is all we're getting from the "leader of the free world":
Obama Uneasy About Tax on Bonuses
By David M. Herszenhorn, New York Times

Washington — The White House stopped short on Friday of endorsing legislation to severely tax bonuses paid to executives of companies that accepted taxpayer bailout funds.

Administration officials said instead that President Obama would assess the potential effect of the bill that emerged from Congress on efforts to stabilize the financial system. [link]
Assess what? It's wrong, genius. Now that I know what a bill of attainder is, Congress's bullying actions are clearly unconstitutional. And frightening in their implications.

So why didn't the "commander in chief" pick up that famous blackberry of his and tell his henchpersons Reid and Pelosi to knock it off?

But no. He's going to "assess" things.

Well, let us know when you've thought it through, big guy. The world will stop and wait for you to catch up.

Is Anyone In Charge?

This is brain-exploding:
CBO: US deficit ballooning to record $1.7 trillion
By Ron Sherer, Christian Science Monitor

On Friday, the Congressional Budget Office (CBO) said this year’s budget deficit is now nearly $1.7 trillion, more than $400 billion larger than it forecast two months ago. Next year’s deficit will be nearly $1.1 trillion, $430 billion more than its prior forecast. And that doesn’t count President Obama’s budget plans to cut taxes and increase spending.

Although the deepening recession is partly to blame for the increase, the nonpartisan CBO says the increases are largely due to the sharp rise in spending (think fiscal stimulus package) and the higher cost of saving the financial system.

The changes in the deficit forecast means the deficit as a share of the US economy is much higher. Two months ago, the CBO estimated the deficit would be 8.4 percent of gross domestic product (GDP). It has now raised that estimate to 11.9 percent, the highest level since World War II.

Next year, the budget gap will be 7.9 percent of GDP, up from a prior estimate of 4.9 percent, the CBO said.

“We’re in a bad situation and it’s only going to get worse,” says Roberton Williams, a senior fellow at the tax policy center at the Urban Institute in Washington. [link]
The president's response?

"The President’s press secretary, Robert Gibbs, countered that the new numbers would not affect the administration’s effort to cut the budget deficit in half by the end of his first term."

For the love of God.

Obama Had Better Listen Up

You know the dude has problems when the New York Times goes after him and his fellow clowns:
The Problem With Flogging A.I.G.
By Joe Nocera, New York Times

By week’s end, I was more depressed about the financial crisis than I’ve been since last September. Back then, the issue was the disintegration of the financial system, as the Lehman bankruptcy set off a terrible chain reaction. Now I’m worried that the political response is making the crisis worse. The Obama administration appears to have lost its grip on Congress, while the Treasury Department always seems caught off guard by bad news.

And Congress, with its howls of rage, its chaotic, episodic reaction to the crisis, and its shameless playing to the crowds, is out of control. This week, the body politic ran off the rails. [link]
A circus. It's become a circus.

This Is News?

I'm shocked:

GM, Chrysler May Need Additional Aid, Rattner Says

A bottomless pit.

On That 'Problem' of U.S. Guns Going To Mexico

It turns out, there's hardly a problem at all. Who would have ever guessed?

From a pro-American blogger, Snowflakes In Hell:
This Tuesday, the Senate Judiciary Committee had a hearing on “Law Enforcement Responses to Mexican Drug Cartels“ Some of the testimony is frankly, surprising.

-- Question from Durbin to ATF about drug smuggling in Mexico
Durbin claims smuggling into Mexico is in the thousands, and asks ATF for their sense of how big the problem is. ATF retorts “I would not say it’s in the thousands, sir. I would say it’s probably in the hundreds.” Durbin pretty clearly didn’t like that answer.

-- Lindsey Graham questions the panel about the need for changes in gun laws
Short of it is, no one on the panel says we need more gun control. The Arizona AG answers that he’d like to see tighter regulation of money transfers, but that’s all anyone agrees on.

- - Diane Feinstein asks what new gun laws we need.
Senator Feinstein wants to know what laws she can push to make smuggling guns into Mexico even more illegal. The laws we have now are “pretty clearly not enough,” according to the Senator. The response from the panel is that we don’t even really know the scope of the problem, and have been using current laws effectively.

- - Senator Feingold asks about smuggling of military hardware across the border.
The gist of it is that the military hardware isn’t coming from the United States, but from other sources.

- - Senator Sessions says we have plenty of guns on this side of the border, and don’t have Mexico’s levels of violence.
ATF responds with the fact that most FFLs are law abiding. Sessions says we need to build a fence. [link]
The conclusion to be drawn? "So the people on the ground aren’t calling for changes in our country’s gun laws in order to deal with the Mexican problem, apparently much to the dismay of Senators Feinstein and Durbin."

I think those Americans not criminally insane already knew that.

Nope. Nothing to worry about here.

Source: "Is this the end of America?" National Post, March 19, 2009.

'The most profoundly anti-American thing I’ve ever seen'

I feel their anger:
Banker fury over tax ‘witch-hunt’
Financial Times

Bankers on Wall Street and in Europe have struck back against moves by US lawmakers to slap punitive taxes on bonuses paid to high earners at bailed-out institutions.

Senior executives on both sides of the Atlantic on Friday warned of an exodus of talent from some of the biggest names in US finance, saying the “anti-American” measures smacked of “a McCarthy witch-hunt” that would send the country “back to the stone age”.

Finance is one of America’s great industries, and they’re destroying it,” said one banker at a firm that has accepted public money. “This happened out of haste and anger over AIG, but we’re not like AIG.”

The banker added: “It’s like a McCarthy witch-hunt...This is the most profoundly anti- American thing I’ve ever seen.” [link]
There was a day when these people, even with their comparative wealth, were considered to be as American as the rest of us. But no longer. The haters among us have turned on them. They have good reason to fear for their lives.

What exactly did they do to deserve that?