The president is getting his wish. Within 48 hours of his re-election, at least as many companies, including Boeing’s defense division, have announced plans for massive layoffs. At this rate, everyone will be on the dole by the end of Obama’s second term, with no one left to foot the bill. All the movers, shakers, doers and producers will be on strike — John Galt style.
On Thursday, NBC News Radio Washington correspondent Bob Constantini tweeted:
“Good morning Washington. Is the smell of news conference in the air??? Obama with nothing on his schedule, today, yet. Maybe tomorrow?”
Constantini was referring to the presidential post-election news conference traditionally held on the Thursday following Election Day. It didn’t come. Nor did it come the following day. Given the president’s well-known reticence to answer questions from the media and the fact that such a conference will inevitably lead to questions on Benghazi, that was to be expected.
Instead, according to Friday’s White House schedule, at 1:05 p.m., “The President delivers a statement about the action we need to take to keep our economy growing and reduce our deficit.”
“The action we need to take”? What happened to the spirit of compromise we were promised — the reaching out across the aisle? It was nowhere to be seen.
The president said that he “invited leaders of both parties to the White House next week … to build a consensus.” The last time he did this, he gave U.S. Rep. Paul Ryan, R-Wisc., a front row seat to better belittle Ryan’s entitlement reform plan. The president pretty much did all the talking that day.
Moreover, Obama’s “statement” was delivered with barely concealed anger, all of which puzzled me. I mean, what did he have to be angry about? He’d just put one over on the electorate one more time.
The president has stated ad nauseum for the last five years that a return to the Clinton-era maximum tax rate of 40 percent would simply be a return to the status quo. Friday’s address was no different. But a return to those rates wouldn’t be status quo.
In the last four years, a mountain of new regulations has been added to the Code of Federal Regulations, most notably by the Environmental Protection Agency and the National Labor Relations Board. In addition, the Dodd-Frank Act has now manacled the financial industry, and the Affordable Care Act will do the same to everyone — businesses and individuals alike — when it is fully implemented in 2014.
According to CNSNews.com, in the past 90 days alone, the federal government has posted 6,125 regulations and notices – an average of 68 a day.
The stampede of companies that announced significant layoffs in the last couple of days is a reflection of this. The president has yet to understand.
“Meet the new boss, same as the old boss”
He instead subscribes to the California school of circular tax reform, which goes something like this: Raise the tax rates on individuals and businesses, which in turn will cause taxpayers to either move away or drop out entirely, which in turn will lower the government’s tax revenue, which in turn will cause the government to increase tax rates again, which in turn will cause even more taxpayers to either move away or drop out entirely, which in turn will lower the government’s tax revenue, which … well, you get the idea.
If the president continues on the same course he has held for the last four years, we’re all gonna be eating baklava and dancing the Tsestos, baby. That’s right, we’ll be going Greek.
Click here for a video of the president’s statement.
About Michael Dorstewitz
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We will be known as the United States of Dole.
After the first four years I thought, well America can see what he’s done and vote him out, now that he has won again, my feelings are a mixture of shock and disbelief, I wonder what will happen four years from now complete with republican bashing and rich bashing and four more years of being called a racist, will Americans vote in Hillary this time or will we have come to our fiscal senses and vote for someone to turn the economy around or will that be impossible at that point. I am at a cross between having the republican controlled house fight obama at every turn and just giving in to everything this poor excuse for a president wants just to prove to the 50% of stupid Americans that voted for this guy that the policies this president wants don’t work – not now – not ever.
Agreed,just let the 50% that voted him in find out the hard way,of course we already know whats going to happen,so we should be smart enough to prepare now,and when they are starving,let em starve,lets worry about our half and stay devided.I for one will not help feed or cloth anyone that voted in this criminal
I agree Tracy….100%. Obamacare is already raising premiums on everyone so the middle and lower class will be affected. Not only are the 250k plus going to see a tax hike but we will end up suffering for that as well. I’m leaning toward letting obama do what he wants so the dems can see what they did by voting for him and this time they can’t blame the republicans. It would serve them right to lose a few good jobs and join the poor.
The GOP needs to fight him at every turn and force him to compromise. If they do this, two things will happen: much needed damage control will be done, and yet the ignorant people that voted him in will still suffer enough to maybe come to their senses.
Tracy I so agree with you, but I think let them have their way, Speaker make it clear this is OBAMA’s ECONOMY, no more blaming Bush, give them everything they want, and if we are still standing in 2 years maybe we can take the House back, keep the Congress, and paralyze this moron
50% of the voters voted for him. The other 50% hates his guts. So…
He is not going to do anything different. Will continue on the same road to disaster to really bring this Nation to its knees. That’s what the rest of the world want. To destroy America. Obama is helping this to happen.
The problem is Not 50% of the people voted for him. He lost the popular vote
and won by the electoral vote. That tells you it is about the government NOT THE PEOPLE
Alert!!!!!!!!!!!!!!!!!!!!!!! Go to The Duffle blog and locate the article that our soliders abroads vote SOME HOW did not arrive until a day after the election. Several hundred thousand votes that will make ROMNEY COMANDER AND CHIEF!!!! HMMM FOUL PLAY!!!The soldiers cant do anything so its our turn to fight for our country and DEMAND a recount and make this right! While they are at it the voter fraud can be looked into too!!! A couple more hunderd thousand votes I would imagine will surface!!! PLEASE REPOST WE HAVE ALOT OF WORK TO DO !!!!! WE NEED YOUR HELP!!!!!! UNITED WE STAND!!!!! THIS TIME WE CAN MAKE A DIFFERENCE!!!!!! Lets regain control of our COUNTRY!!!!
Lisa,
Even it this was true. Several hundred thousand votes wouldn’t change the outsome. There was a difference in the vote of millions of voters. A recount would be a waste of time. There is not foul play here. Sorry, but the numbers for your suggestion are simply not there. Gotta live with it.
If conservatives would first of all get their facts/ numbers straight and stop trying to spin reality or flat-out lie, their opinions, policies, and decisions could make a lot more sense. Perhaps they are generally math challenged.
First of all, as of Friday, 11/9/12, Obama won the popular vote 50.5% to Romney’s 48.0% along with the electoral vote, so WE THE PEOPLE have in fact spoken.
Furthermore, tax cuts have been shown to shrink the economy, not grow it, when the statistics going back 20 years are examined. The economy grew under Bush I and Clinton’s tax increases and declined significantly under Bush II’s tax cuts. Tax cuts also obviously contribute to the deficit. Finally, progressive administrations are better overall for our economy on multiple measures. Listed below is the post WWII Economic performance, by political party, summarized (all results are annualized to reflect compounding, and go back to 1947. Based on quarterly data compiled at the Bureau of Economic Analysis):
Real Gross Domestic Product (GDP) Growth:
Democratic Presidencies: 3.59% per year
Republican Presidencies: 2.46%
Per Capita, Real GDP Growth:
Democratic Presidencies: 2.30% per year
Republican Presidencies: 1.25%
Deficit-adjusted, Per Capita, Real GDP Growth:
Democratic Presidencies: 0.98% per year
Republican Presidencies: -2.48%
Jobless Rate:
Democratic Presidencies: 5.45%
Republican Presidencies: 5.93%
Growth in the Federal Debt:
Democratic Presidencies: 4.18%
Republican Presidencies: 8.12%
Inflation-adjusted Growth in the S&P 500:
Democratic Presidencies: 9.31%
Republican Presidencies: 3.69%
Then there are the social implications of this as well: the suicide and homicide rates increase under Republican administrations and decrease under Democratic ones.
ok that was just stupid
Can you be more specific or is your basic debate strategy to hurl insults when you have nothing meaningful to say in response?
hey u talk about deficit it was 10 trillion now it is almost 17 trillion and harry reid is asking for 2.4 trillion more to spend. that makes 9.4 trillion. that is almost what took 44 presidents to spend before obama took office, so get your facts straight. you can pay my taxes. it only gives the american people less to spend but you idiots thinking taxing the rich will pay for the deficit. in fact only 1 to 2 percent of the population is considered to be in the rich category. and even if u taxed them 100 percent that only would be like 100 billion dollars so where do u think the rest of the taxes are going to come from the working people. so i guess that means obama broke another damn promise of no taxes on middle class or working people.
You conveniently ignored my other points, taz — feel free to respond to them as well. Not sure where you get your facts. Obama has signed the Budget Control Act, which will cut the deficit by $4 trillion over 10 years through both revenue increases (increased taxes on those earning over $250,000 per year and eliminating loopholes for oil and gas companies) as well as $1.5 trillion of deductions in discretionary spending. For example, he would he would eliminate $22 billion of farm subsidies over the next decade and cut Medicare payments to teaching hospitals. Defense spending will stay flat. Social safety net programs will not be threatened. This will bring it to the target of less than 3% of GDP over a decade — a minimum acceptable level. The deficit has already been reduced by $1.7 trillion. The bulk (59%) of the deficit is due to Bush II’s policies and the effects of the recession (29%) that started under Bush II. Only 12% is attributable to Obama Administration policies. Let’s place the blame squarely where it truly lies, shall we? Bush II left an enormous crater to climb back out of. You are assuming that Obama will tax middle and working class people. It hasn’t happened. No promise has been broken. But you know what they say about assuming…
Becca,
Good numbers layout. I keep telling the FOX watchers that they need to expand their information input. When they get fustrated with getting too much info, they just tingle and shake and call you names. When they replay its always with some sort of right side jingle, devoid of the facts. Please keep it up. The ARITHMETIC MUST WORK. Keep up with at least offering the good numbers. Maybe with some people it will seep in. Thanks.
YOU VOTED FOR HIM NOT ME !!!!!!!!!!!!!!!
That’s right, proudly and confidently, along with almost 62 million other smart citizens!