Obama's jobs bill falls to pieces in Congress

Reading into this story,

"As Obama continued to press lawmakers for a vote on his signature legislation, Representative Eric Cantor, the No. 2 House Republican, said that was not going to happen.

Asked if the bill as a complete package was dead, Cantor said: "Yes.""

Now Obama will think this gives him some ammo to use against those filthy conservatives who dare to defy him. But the story goes on:
"The bill appeared to be in trouble in the Democratic-controlled Senate as well, where aides from both parties said it will likely fail when it comes up for a vote later this month."
Now how is he going to blame the failure of his "Bipartisan bill" on the failure in the Senate?
Go back in recent history and recall how this bill came about.
After months of bad employment reports, someone in the White House woke up to the fact that Employment was going to be a major issue in the 2012 general election. So someone quickly drafted a speech for the "Speech-Give-in-Chief" and he blindly (and through some obvious stupid political planing called a joint session of congress the day they returned from Summer Vacation and the same day on which the first Republic Debate was scheduled. That was another failure in policy. So the speech was rescheduled.
The Obama made this wonderful speech promising a "bill on Monday" that everyone would like. On Monday essentially a white paper showed up in Congress outlining Obama's spending plan. But where was the bill? How was it to be funded?
The skinny on the street was the Obama White House went to the "super committee" and told them they had to fund his bill by finding an additional $450 billions in cost cuts. That was another failure on the part of the White House. And where is that pesky bill and how is it to be funded?
Two weeks later some of the White House staff stayed up late and drafted the bill including everything the Democrats and Obama wanted and the Republicans had already said they would vote down in the House, as well as, everything the Republicans wanted which the Senate Leadership had already said would die in the Senate. Someone in the White House isn't listening.
So finally when people start reading the bill in the midst of Obama demanding all over the country while campaigning, "PASS THIS BILL!" it turns out to be another Solyndra-style boondoggle funded by a $500 Billion tax hike (on someone, though we can't be sure who at this point).
As an interesting sidebar, I find it hilarious that Obama has redefined "infrastructure" to mean "Solar Panels". How in the world did he do that without telling anyone?
All in all, I never really expected Obama ever thought his cobbled together mess AKA Jobs Bill would ever pass either the House or the Senate. Instead it was only another phoney political move to try to drum up something to blame on the Republicans and make points in the coming election.

With Jobs Bill Stalled, Obama Camp Takes Aim at Potential 2012 Rivals

This strikes me odd in two ways. First remember back to the 2008 election when Obama claimed he was "the only candidate who can work with both sides of the aisle"? It strikes me as total truth until the 2010 midterm elections when the opposition took over the House. Up to that time the other side was completely ignored.

Secondly, if you have been following the Amanda Knox trial in Italy, with all the "hard evidence" discredited leaving only "hear say" and inference, the prosecution has resorted to name-calling and character assassination to convict Ms Knox a second time. Judged on the facts the prosecution's case is very thin, indeed. So what is Obama doing in his bid for re-election? Name-calling and character assassination. How very odd. It would appear the Obama administration now believes their case for creating jobs or salvaging the economy is just as thin as the Prosecutor in Italy's Knox trial.

What I see is this:
1. The hard line Liberal Democrats who have been brainwashed into believing big government will solve anything will vote for him in 2012. Although this group is shrinking and murmuring about running an alternate candidate against Obama.
2. The blacks will vote for him, not in the issues, but because he's black. But the blacks are disassitfied with Obama too. Since November, 2008, the black community has been essentially ignored until just a few weeks ago when Obama figured out he needed to shore up the black vote.
3. Obama has lost many of the Independents according to the latest polls. I don't see Obama being able to do much to bring them back without creating a few million jobs and re-energizing the economy. Neither of those are likely to happen.

This is what happens when a dictator encounters an opposition who disagrees with him.

Dow Jones Average

I was looking at the Dow just prior too and just after the great depression in 1929-1930. What I saw was not what we have been taught. The Stock Market Crashed dropping to the floor then staying there until 1932. That's not what happened at all.

In mid 1929 the market took a plunge. The Wall Street Banks poured millions into the market to shore it up and it worked for a while but confidence was shaken. By early October the market sagged to new lows and the banks along with the FED dumped more millions into the market to shore it up again. By the end of the month it was clear confidence was completely gone and the market lost 99% of it's value ending up at 28, dropping from 381.

What do I see now? Look at the graph above of the past month. I see the same pertinacious drops, followed by infusions of cash, followed by drops. Over the past year the Dow has lost 13% of it's entire value.

The question is why hasn't it done the 99% drop it did in 1929? Easy answer. Just prior to the Great Depression the Dow measured the productivity of stocks for companies who manufactured mainly in America. What do we have today is a totally different story. Now we have companies like GE, GM, Chrysler and so on who manufacture mostly over seas and Economic Disasters like Wal-Mart who buy mostly from China, while the Department of Energy under the Obama Administration along with OPEC play games with the oil prices to drive American small companies out of business.

It would be interesting to remove those factors from the current Dow Jones Average. I suspect we would find 1929 all over again. Remember that the "Rate of Unemployed" (which is different than the "Unemployment Rate") stood at 20%. What is the real number of unemployed in America today? 18-20%. DEPRESSION!

Stop lying, Barry. I and all Americans can see the real picture of our economy every week at the grocery store.

Fed Plan to Consolidate Power Over Nation's Power Highway Has States Nervous

What is Obama thinking? In the central east coast states you have the TVA run by the government. On the west coast you have BPA run by the government. But in the other 30 states the utilities are owned by private enterprises such as Consolidated Edison. Even on the west coast there are some privately owned electric-generating utilities such as Pacific Power, Southern Cal Edison and Eugene Power and Electric. What is this retard trying to do?

This sounds like a ploy to nationalize some very large utilities so he can dictate how power is generated (green, for shit sake) and the cost of energy. With that in mind I can say this is his last ditch effort to force us into far more expensive power and stuff the government coffers with more give-away money for his pet/crony projects.

This is something I will be looking into and watching closely. As I recall the last time DOE got into the power business was with the NW "Power Planning Council" back in 1984 which was supposed to give "parity" to the power costs across the country. The outcome then was everyone's electric bill went UP!

Death of al-Awlaki Is Blow to Al Qaeda's Western Voice

So Obama murdered another terrorist. It seems he believes that by killing people outside the U.S. he will get some bump in the polls and get re-elected in 2012. No so.

The idea that Obama's Economy and Jobs picture is so bad the only people who will be voting for him next fall will be Maxine Waters and her retarded followers. It's a sad picture of America when the first black president of the United States creates a race division in the country. Worse, he ignores the black community, calls them lazy then claims he is President of ALL AMERICANS. That is so obviously not true. He is President of himself and his cronies only.

Reports of Hispanic Students Vanishing From Alabama Schools After Immigration Ruling

This says something about the state of both our economy and about Obama's failed immigration policy. The Alabama law requires Police who stop anyone suspicious (Hispanic, Eastern European, Middle Eastern - it doesn't matter) to check their legal immigration status. It also requires schools to check the legal immigration status of foreign students.

This points out a major problem in our country. The failed immigration policies of the Obama Administration and his policy of opening the southern border by reducing police efforts and stopping the building of walls and fences along the border has flooded our schools, hospitals, as well as, the welfare system with millions of illegal immigrants. The cost to the tax payer for educating these illegals has increased from $2808 to $10447 per year according to the NECS. Add to that the cost of Section 8 HUD housing, Food Stamps, Free Medical Care and Welfare payments and the U.S. is spending $700,000,000 each year to support Illegal Immigrants who have never paid taxes into the system. That number is way too close to the $1,000,000,000 this administration over spends every year.

But rather than approaching the problem for what it is, Obama's idea is raise taxes. However, with the number of illegals crossing the border every month raising taxes to 100% would eventually result in the country going bankrupt. This is the reason that annual LEGAL immigration is limited by law. Wake up Barry. They won't vote for you anyway.