President Kennedy advises President Obama 2

By John F. Kennedy

President John F. Kennedy

President John F. Kennedy

“Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other. It is increasingly clear that no matter what party is in power, so long as our [needs] keep rising, an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget—just as it will never produce enough jobs or enough profits.’”

The danger of compromise Reply

By Tom Quiner

The president is playing hardball.

He wants more taxes.

He wants more spending.

He wants Congress to cede more power to him.

If Republicans don’t capitulate, they will be crucified by the Mainstream Media. With a free publicity machine at his disposal like the MSM, the president can successfully drive a wedge through the heart of the Republican Party.

Compromise! is the cry from the Left directed toward Republicans.

Even voices from the Right wonder if that’s the thing to do stave off a worse outcome.

Before Republicans cave, let us recap how well Obamanomics is working so far.

Gas prices were $1.85 when Obama took office. Now they’re hovering around three and a half bucks.

I suppose, though, that it’s Bush’s fault.

Thirty percent of unemployed Americans have been out of work for at least a year, triple the rate when Obama came into office.

I suppose, though, that it’s Bush’s fault.

NBC News tells us that about half of ALL Americans are now low income or living in poverty.

I suppose, though, that it’s Bush’s fault.

In 2008, the Federal Reserve bought up a negligible amount of debt from the federal government. But last year, they bought up 61% of our debt to prop up our economy.

I suppose, though, that it’s Bush’s fault.

The Obama “economic recovery” has yet to break 2% GDP growth.

I suppose, though, that it’s Bush’s fault.

Barack Obama is all about blame. How many times did you hear that the cause of all our problems was Bush?

Take the infamous Bush tax cuts.

Democrats voted against it.

They railed against it.

They blamed the deficits on them.

And then, after maligning them, Obama supported them.

Today, he still supports them except for the super-productive small business owners at the top tier.

Barack Obama can damage the Republicans by blaming them once again for our woes with the full-fledged support of his parrots in the MSM.

What is best for America? Diverting more money from producers to Barack Obama?

Or is it better to stand firm and block a transfer of wealth from job creators to a man who will give it to green energy companies, like Solyndra, who will quickly squander it?

Here’s what we’re left with. Should Republicans play politics like Obama and disregard what is best for the country?

Or should they stand firm?

Should they say no to more new job-killing taxes in this stagnant economy?

Should they say no to more wasteful government spending?

Should they say no to giving Barack Obama more power over our government’s spending?

The answer is yes. They should say no.

Layoffs mount as the reality of a 2nd Obama term sinks in 1

By Tom Quiner

Cisco Systems just slashed 1300 jobs.

In New Jersey, a retailer of discount designer brands called Daffy’s is shutting down, eliminating another 1300 jobs.

The U.S. banking industry said they’ll be laying off another 17,000 jobs this year on top of last year’s 64,000 eliminated jobs.

Morgan Stanley is eliminating a 1000 jobs.

Citigroup is going to cut another 350 jobs on top of the 1200 they already cut earlier this year.

Tech companies have cut 51,000 jobs this year.

Honeywell is laying off 238 workers in their Illinois plant.

Black & Decker hasn’t specified how many jobs they’re cutting, but they say they have to find $100 million in savings somewhere.

Ryder Trucks is eliminating 450 jobs.

PBS Coals is going to layoff 225 workers.

DeVry, Inc. is going to cut 570 jobs.

Mountain State University is going to lay off half of their workforce.

The Obama economy of stagnation is here to stay, in the eyes of these companies.

They know government spending is going to remain high.

They know taxes are going to go up.

They know that as Obamacare kicks in, the cost to employ people is going to rise.

Obama’s promise of hope and change has been re-defined. Today, workers hope they’ll keep their job and have enough change in their pocket to buy a cup of coffee.

Federal Reserve Chairman Ben Bernanke told Congress last week that unemployment will remain near depression-era levels for several more years (perhaps until a Republican is elected president).

He asked Congress to get spending under control.

Let’s hope the president cooperates with Congress to do just that. I’m doubtful, based on Mr. Obama’s recent rhetoric. I’m dubious based on his vacuous campaign rhetoric.

We could give our dismal economy a real shot in the arm with tax simplification and spending restraint. The president appears to oppose both.

If he prevails, watch for more layoffs.