Tuesday, August 31, 2010
Saturday, August 28, 2010
tears. "Dr King wanted all of us to come together. We have to believe that."
It looks like the Keynesian theory of infusing massive amounts of government cash into the economy has fizzled. And while many other factors also explain the lack of economic energy, the bottom line is that nearly everyone — from consumers to business owners to government decision-makers — faces tremendous unknowns.
Worries about maintaining jobs and salaries stymie consumers. Businesses are holding back money. Economists also say that likely changes to tax laws and new regulatory environments are having a chilling effect.
The news is dire and the message — we hope — is simple: We need clear-eyed action going forward. Kicking around political footballs when there is a chance the country could slip back into recession cannot be tolerated."
Wednesday, August 25, 2010
Tuesday, August 24, 2010
Sunday, August 22, 2010
Saturday, August 21, 2010
"Just a few minor things to catch up on for the weekend now that the Fundraiser-in-Chief has gone on another vacation (Don't worry though. White House chef Sam Kass went along, so the first family need not eat ordinary human food.)
-- The Congressional Budget Office says the 2010 federal deficit will be in excess of $1.3 trillion, as in $1,000,000,000,000+. (BTW, the next level we'll be talking about out of Washington is quadrillion, which has fifteen 0's.)
-- Despite Vice President Joe Biden's April boast that administration stimulus spending would spur the economy to add a half-million jobs a month by now, initial unemployment claims jumped a half-million last week, the worst since last November, as national unemployment remains at 9.5% and the economy sheds 131,000 more jobs.
-- But the economy's going great at the Democratic National Committee, which reports collecting $11.5 million from donors in July on top of the $53.8 million already taken in from various sources this year. The president just devoted three workdays across five states to rake in several more millions for his party.
...secluded estate on Martha's Vineyard, Obama devoted four minutes in the White House driveway to a special statement on the latest disappointing jobs numbers. (Full text, as usual, can be read on the jump, along with a brief reaction from the Republican National Committee chairman.)
No questions allowed because the president didn't want to explain why despite the administration's announced Recovery Summer Program, the jobs numbers have started going backward again after 19 months of promises and $787 billion in alleged stimulation spending. Because, faced with the uncertainty of the economy and the certainty of new taxes after Nov. 2, employers are holding back on hiring
According to the president, he's been "adamant" with Congress for months now about a new jobs bill to help small businesses. Obama says this really good bill is stalled in the Senate, where so much administration legislation has been crammed through so effectively by Majority Leader Harry Reid.
So, facing the growing grim possibility of a GOP surge on Nov. 2, is this maybe the start of buddy-bickering within the Democratic huddle? Vulnerable people pointing the proverbial political finger of blame at someone else? That's ridiculous, of course."
Ben Smith reported on Thursday that at least one Democrat strategist is strongly recommending that incumbent Democrats back away from the health care bill that they pushed so hard for.
A confidential PowerPoint presentation has been leaked on-line. The presentation warns "Many don't believe health care reform will help the economy". and counsels against making claims that "the law will reduce cost and [the] deficit."
On their web site, conservitive Think Tank Heritage Foundation is equating this to a Democrat call to "...abandon ship on claims that lawmakers made for months during the health reform debate--that the legislation would in any way reduce the nation's deficit or lower heal care costs..."
If public opinion continues to decline for the Democrats, I fully expect Princess Pelosi to find some way to claim that the health care bill was Bush's fault.
Friday, August 20, 2010
Wednesday, August 18, 2010
Tuesday, August 17, 2010
When have past Ramadans ever resulted in any advancement of “opportunity and prosperity for people everywhere,” Mr. President? In reality, it’s against Islamic law to give zakat, the almsgiving that is one of the pillars of Islam and is required of every Muslim, to non-Muslims.
That’s why Western governmental agencies and Christian charities build and staff schools and hospitals in impoverished parts of Africa and Asia, but oil-rich Muslim countries have never undertaken similar endeavors. With the sharp divide in Islam between believers and unbelievers, such that Muslims are commanded to be “merciful to one another, but ruthless to the unbelievers” (Koran 48:29), there is no basis in Islamic law for the idea that Islam fosters the advance of “opportunity and prosperity for people everywhere.”
Sunday, August 15, 2010
Friday, August 13, 2010
On behalf of the American people, Michelle and I want to extend our best wishes to Muslims in America and around the world. Ramadan Kareem.
Ramadan is a time when Muslims around the world reflect upon the wisdom and guidance that comes with faith, and the responsibility that human beings have to one another, and to God. This is a time when families gather, friends host iftars, and meals are shared. But Ramadan is also a time of intense devotion and reflection – a time when Muslims fast during the day and pray during the night; when Muslims provide support to others to advance opportunity and prosperity for people everywhere. For all of us must remember that the world we want to build – and the changes that we want to make – must begin in our own hearts, and our own communities.
These rituals remind us of the principles that we hold in common, and Islam’s role in advancing justice, progress, tolerance, and the dignity of all human beings. Ramadan is a celebration of a faith known for great diversity and racial equality. And here in the United States, Ramadan is a reminder that Islam has always been part of America and that American Muslims have made extraordinary contributions to our country. And today, I want to extend my best wishes to the 1.5 billion Muslims around the world – and your families and friends – as you welcome the beginning of Ramadan.
I look forward to hosting an Iftar dinner celebrating Ramadan here at the White House later this week, and wish you a blessed month.
May God’s peace be upon you.
WASHINGTON As Muslims in the United States and around the world begin their observance of Ramadan, the U.S. Department of the Treasury recognizes the importance of this period of intense devotion, reflection and charitable giving. Charitable giving and philanthropy are core American values, reflected in many faiths and traditions, and are of particular significance within the Muslim faith during the holy month of Ramadan.
The Treasury Department fully supports the ability of American Muslims and Muslims worldwide to fulfill their religious obligations through charitable giving and seeks to advance charitable giving at home and abroad, while protecting the charitable sector from the threat posed by those who seek to abuse this sacred obligation. In recent years, Treasury has strengthened its partnership with the charitable sector and donor community to promote transparency and to safeguard against such abuse.
The Treasury Department will continue to work closely with the charitable sector and Muslim American communities to promote our common goals of safe and effective charitable activity and to protect the sector from exploitation by terrorist organizations. We look forward to the continued development of this partnership.