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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: TideGlider who wrote (89865)8/25/2010 5:53:01 PM
From: lorne  Read Replies (1) | Respond to of 224707
 
Battle ’10
Bennet Bombshell: Trillions in Debt, ‘Nothing to Show for It’
August 25
By Michael Sandoval
nationalreview.com

Sen. Michael Bennet’s recent appearance in Greeley, Colorado is sure to set political tongues wagging–Bennet is quoted as saying that though trillions of dollars of Federal debt has been incurred through spending since he was appointed to the Senate in January of 2009, “we have nothing to show for it”:

Michael Bennet, D-Colo,at a town hall meeting in Greeley last Saturday, Aug 21 said we had nothing to show for the debt incurred by the stimulus package and other expenditures calling the recession the worst since the Great Depression. [...]

Regarding spending during his time in office he said, “We have managed to acquire $13 trillion of debt on our balance sheet” and, “in my view we have nothing to show for it.” Speaking of the debt, he said our debt almost equals the economy. Regarding the current job situation, Bennet said the situation has been dire for over a decade saying, “We have created no net new jobs in the United States since 1998” which were the last two years of the Clinton administration. Pointing to a slide showing budget expenditures, he said that currently 65 percent of the budget was for social security, Medicaid and Medicare expenditures and that we could not grow our way out of debt.

Regarding the expiration of the Bush tax cuts Bennet would not commit to a position on whether to extend them simply saying, “I hope we look at it comprehensively.”

When asked about a recent report showing that government employees make more than their private sector counterparts said, “This is a time when we need to restrain wages in the public sector.” He said we need to make sure “our wages are not growing faster than inflation or faster than our growth.” Bennet also received a question about whether he would support card check and declined to give a firm answer saying, “I have not been a sponsor of the employee free choice act and the bill as written will not come to the floor to a vote.” He also said, “I believe strongly in the right of workers to collectively bargain and organize free from intimidation.” [emphasis added]

The Greeley Tribune’s quote is identical, adding a laundry list of things that Bennet feels have not been “invested in” adequately (the $787 billion American Recovery and Reinvestment Act apparently notwithstanding):

“We have managed to acquire $13 trillion of debt on our balance sheet,” he said. “In my view we have nothing to show for it. We haven’t invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven’t even maintained the assets that our parents and grandparents built for us.”

Bennet’s votes, in support of President Obama’s spending plans–including ARRA, have resulted in billions of dollars spent per day, and trillions of dollars of new debt.

But even $10 billion in the most recent “edujobs” bailout may have no readily discernible impact on Colorado schools, despite the projections made by Bennet.

The Bennet campaign released a snippet of video it recorded from the speech, with Bennet addressing rural education:

A Denver Post fact check of the following ad from Karl Rove’s Crossroads GPS concluded that the numbers add up to billions per day (whether or not the spending is a good idea):

Claim: “Since his appointment, Michael Bennet has voted to spend an average of $2.5 billion every day.”

Crossroads GPS television ad

Facts: Michael Bennet has, in fact, voted for legislation that if you add it all up and divide by the days he’s been in office, comes out to nearly $2.5 billion a day. [...]

Add all that up and it comes to $1.36 tillion.[sic] Divide by 568 (the days between Bennet’s Jan. 22, 2009 swearing-in and the Friday before the ad ran), and that’s $2.4 billion.

Vince Carroll of the Denver Post views Bennet’s campaign rhetoric as incompatible with his actual record:

Bennet, you may have noticed, is campaigning as a fiscal hawk. According to a recent report in this newspaper, the Colorado senator touts deficit reduction at town hall meetings as vital to the nation’s health.

To emphasize his seriousness, Bennet has sponsored the Deficit Reduction Act, which would cap the federal deficit at 3 percent of GDP after 2012 (when it would be capped at 4 percent), and supports a commission that will recommend a federal debt-reduction plan. Bennet also voted for “pay-as-you-go” rules that require offsetting revenue for any tax cuts or spending hikes.

If you’re partial to stern warnings about the growing national debt and grand schemes for shrinking it, Bennet is your man. But be sure to avert your eyes from his actual record.

Pay no attention to the contrast between Bennet’s green-eye-shade rhetoric and his drunken-sailor votes. Rest assured that 18 months of supporting one lavish spending and bailout bill after another provide no hint whatsoever of Bennet’s core fiscal philosophy.



To: TideGlider who wrote (89865)8/25/2010 10:43:52 PM
From: lorne  Respond to of 224707
 
Vacationing Obama gets temp press secretary
Aug 25,
By GLEN JOHNSON
apnews.myway.com

VINEYARD HAVEN, Mass. (AP) - With a broad grin and aw-shucks approach, Bill Burton is a marked contrast with his boss, the always ready-for-battle White House press secretary Robert Gibbs.

While Gibbs comes off as combative and hot, Burton is low-key and self-deprecating. He always seems ready to smile.

Describing how Obama was spending his vacation on Martha's Vineyard, Burton joked Tuesday, "This will probably get me fired, but I know that Valerie (Jarrett, a senior presidential adviser) did not do so well in Scrabble against the president."

For two weeks, Burton is standing in for the vacationing Gibbs, serving as the public face of the White House. That's allowed Burton to gain stature on one of the key indices in Washington: proximity to power.

Just 33 years old, the Buffalo, N.Y., native has already worked in three presidential campaigns and on Capitol Hill. He's seen as a top contender to be White House press secretary if Gibbs moves on. Burton - like Obama, the son of a black father and white mother - appears to be the first African-American to take the podium and speak on behalf of the president.

"He clearly has a different personality than Robert," said Mike McCurry, who was press secretary for President Bill Clinton. "He's not as determined to win every argument."

Steve Elmendorf, who supervised him both in Dick Gephardt's and John Kerry's presidential campaigns, lauded Burton.

"You watch him up there on the podium and you think, 'This is someone who likes what he's doing, is in the job he should be doing and is doing it well,'" said Elmendorf. "He's just a really even-keeled, hardworking deputy who sort of fits into the Obama 'no-drama' ethic from the campaign."

True to that motif, Burton declined a request to be interviewed for this article.

"Come on. Are you that bored?" he said in an e-mail to The Associated Press.

Gibbs told the AP not to read too much into his absence.

"I was on vacation last week. And I'm happy to say I didn't pick up my BlackBerry for the better part of five days," he said.

Serving as White House press secretary is a notorious grind. The challenge is delivering the daily White House message and responding to an array of media inquiries while retaining personal credibility.

Four people, including the late Tony Snow, held the job during the eight-year administration of President George W. Bush.

Gibbs has been press secretary for more than 18 months, but a choppy few months at the briefing room lectern - coupled with his stature as one of the president's closest political advisers - have prompted speculation about his long-term plans.

The press secretary has long relished exchanges with Republican critics, but this month Gibbs targeted his fellow Democrats. He complained Obama's accomplishments have largely gone unnoticed by "the professional left."

In July, Gibbs also antagonized House Democrats by making the seemingly innocuous observation that there's "no doubt" the party could lose control of the chamber to the Republicans, given the number of close races.

In addition, the press secretary has had to soothe White House reporters following complaints about unreturned calls and tight control over photographers.

McCurry made note of that tension when he said of Burton, "He has certainly more of an easygoing personality, and I think the temperature in the White House can get pretty hot, but it goes down markedly when Bill's delivering the briefing."

Meanwhile, the president's re-election campaign begins after the November midterm elections, and some of his top 2008 political advisers, such as Jarrett and David Axelrod, are now weighted down with government jobs.

Eliminating the task of preparing for - and delivering - the daily briefing could free Gibbs to think more strategically. Under one scenario, Axelrod could resume a campaign role and Gibbs could assume his West Wing title as senior adviser to the president.

Gibbs did not want to address the subject during his interview with the AP, but after a JetBlue flight attendant made an infamous exit from an airliner earlier this month, the press secretary joked, "I don't plan on leaving, and there's no truth to the rumor that I've added an inflatable exit to my office."

Burton graduated from the University of Minnesota before entering politics as an aide to Rep. Bill Luther, D-Minn. In 2001, he became press secretary to Democratic Sen. Tom Harkin of Iowa, a key presidential state. In 2003, he moved to Gephardt's White House campaign, before signing on with Kerry, who ended up winning the 2004 Democratic nomination.

The Massachusetts senator lost the race, but Burton found his future wife, Laura Capps, daughter of Rep. Lois Capps, D-Calif. Laura Capps also worked on the Kerry campaign, and she and Burton were married in Santa Barbara, Calif., in 2007.

After the Kerry campaign, Burton shifted over to the Democratic Congressional Campaign Committee, handling communications for the group charged with electing Democrats to the House. In January 2007, he joined the Obama campaign as national press secretary. Gibbs was his boss, the communications director.

The two then moved to the White House when Obama won.

Today, Burton continues to play second fiddle to Gibbs' lead. That includes Twitter postings, including one pointing out the photograph accompanying a newspaper story that said Obama hadn't held a news conference in 10 months.

"Odd since it's from his press conf 4 mos ago," Burton tweeted.



To: TideGlider who wrote (89865)8/26/2010 10:17:02 AM
From: chartseer1 Recommendation  Read Replies (1) | Respond to of 224707
 
More frightening than the hindenburg omen?

Complex and esoteric even in the world of technical indicators, the Hindenburg Omen is triggered when the following occurs, Zero Hedge reports:

-- The daily number of NYSE new 52-week highs and the daily number of new 52-week lows must both be greater than 2.2% of total NYSE issues traded that day.
-- The NYSE's 10-week moving average is rising.
-- The McClellan Oscillator (a technical measure of "overbought" vs. "oversold" conditions) is negative on that same day.
-- New 52-week highs cannot be more than twice the new 52-week lows. This condition is absolutely mandatory.

These criteria have been hit twice since Aug. 12, prompting Miekka to get out of the market entirely, The WSJ reports. Judging by the recent market action, many others are following suit -- or at least moving in the same direction.

finance.yahoo.com^DJI,^GSPC,XLF,FXE,XHB,TLT,GLD

holy Hindenburg Batman!

comrade chartseer



To: TideGlider who wrote (89865)8/26/2010 10:57:48 AM
From: chartseer  Read Replies (2) | Respond to of 224707
 
The dow jones industrial average index point and figure chart did reverse into a column of X's. How high is it going to go?

stockcharts.com


comrade chartseer