Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Cage Rattler who wrote (78427)	9/11/2012 10:50:33 PM
From: Hope Praytochange	2 Recommendations Respond to of 103300

Democrats' Failure To Act Brings Threat Of Debt Downgrade Debt: America's bond rating could be dropped from its sterling Aaa level as early as next year, according to Moody's Investors Service. We know, you've heard this before. But if you think it doesn't matter, you're dead wrong. Maybe it was a coincidence, but about the same time Moody's was making its announcement, the Congressional Budget Office was reporting that the deficit for 2012 had passed $1 trillion for the fourth year in a row. As a result of the rapid $5 trillion run-up in U.S. debt to $16 trillion under President Obama, each American today is responsible for $51,000 of it. The total debt is greater, in fact, than our entire GDP. It could get worse, soon. The "fiscal cliff" — including $500 billion in automatic tax hikes — looms at the end of 2012. The CBO forecasts that will crash the economy. The fact is, unless federal spending and the size of government are cut dramatically, and soon, the U.S. will suffer economically in ways it has never suffered before. "Deficits will reach unprecedented levels during the next few decades," writes Emily Goff for The Heritage Foundation's blog The Foundry, "causing debt to increase to economically stagnating levels. Taxpayers will be left to deal with the consequences." What does "unprecedented" mean? According to the CBO, the average deficit from 1959 to 2008 was 2.1% of GDP. Based on the most likely scenario, the CBO projects it will be 25% of GDP by 2050 — a quarter of our economy. Such levels are, of course, impossible. Before we achieved them, our economy would collapse — literally no longer able to function under the weight of its debts. This is relevant because President Obama and congressional Democrats have failed to do anything about the problem. Instead, they've used a pliant mainstream media to blame Republicans for their own failures. It's been 1,392 days since Democrats passed a budget, something the law requires them to do every year. As for Obama, Washington Post writer Bob Woodward notes in his new book that, contrary to the media's spin, during the 2011 debt negotiations it was Obama who refused to compromise — not the GOP. In fact, Obama flew into a childish rage after House Speaker John Boehner refused to give him more tax hikes. As we approach the fiscal cliff and the clock ticks on a U.S. debt downgrade, Obama and his Democratic allies seem strangely willing to watch the U.S. economy go down in flames. Four more years?

To: Cage Rattler who wrote (78427)	9/11/2012 10:51:53 PM
From: Hope Praytochange	1 Recommendation Respond to of 103300

To: Cage Rattler who wrote (78427)	9/11/2012 10:53:29 PM
From: Hope Praytochange	3 Recommendations Respond to of 103300

Climate Change Is A Hoax, Obama, Like Your Presidency Science: The president who said he'd slow the ocean's rise says voters can regulate the weather and stop droughts, floods, wildfires and hurricanes by backing his re-election. Never mind wrecking the economy in the process. In 2009 President Obama modestly declared: "America, this is our moment . .. that I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when the rise of the oceans began to slow and our planet began to heal." During his acceptance speech at the 2012 Democratic National Convention, he doubled down. No matter how much damage his war on fossil fuels has done to job and economic growth, "my plan will continue to reduce the carbon pollution that is heating our planet — because climate change is not a hoax." Our carbon emissions have declined — but due to the free market, not to any presidential plan. The Energy Information Agency, a part of the Energy Department, recently noted that energy-related U.S. CO2 emissions for the first four months of this year fell to about 1992 levels, a 20-year low. The report documented how the natural gas boom in the U.S. caused by the use of hydraulic fracturing, commonly known as fracking, has helped the environment in a major way while, unlike the Environmental Protection Agency's war on coal, also creating jobs and economic growth. In Charlotte, N.C., the president noted that we have "a hundred-year supply of natural gas that's right beneath our feet." He did not say the Environmental Protection Agency and environmentalists have opposed fracking and the natural gas boom is being led by private companies on private or state-owned land. Climate change is a hoax, and so is the president's energy policy. China has passed us as the world's largest carbon emitter and builds the equivalent of a coal-fired power plant big enough to power a city the size of San Diego every seven to 10 days. Yet we have experienced a decade of cooling, so much so that scientists at Britain's Climatic Research Unit created a major scandal by manipulating and editing data to famously "hide the decline" in global temperatures. As for rising sea levels, Nils-Axel Morner, former head of the International Commission on Sea Level Change, says that an apocalyptic rise in sea levels was never in the cards. Despite fluctuations down as well as up, "the sea is not rising," he says. "It hasn't risen in 50 years." If there's any rise this century it will "not be more than 10 cm (four inches), with an uncertainty of plus or minus 10 cm." Despite computer graphics in Al Gore's Oscar-winning, "An Inconvenient Truth" showing Shanghai and San Francisco half-submerged, the seas have not engulfed us. Islands such as Tuvalu that were supposed to disappear under the rising seas are still there. "More droughts and floods and wildfires are not a joke," proclaimed President Obama. "They're a threat to our children's future. And in this election, you can do something about it." Except we are not experiencing more droughts and wildfires, and it doesn't matter how many Chevy Volts we are forced to buy. As Marc Morano documents at Climate Depot, all the world's most devastating floods occurred before 1976. The U.S. has been experiencing less and less drought since the Dust Bowl of the 1930s. Deaths due to extreme weather are radically declining, global tropical cyclone activity is near historic lows and the frequency of major U.S. hurricanes has diminished. Obama says he can stop droughts and floods, but he was unable to stop a 30% probability of rain that convinced him to move his speech indoors at Charlotte. It's policies like his that are a threat to our children's future. But he's right about one thing — we can do something about that at the next election.