"You know, Barack doesn't have a big ego," Michelle Obama said in an excerpt from an interview with CNN that aired Tuesday. (Politico)Does she remember those grand speeches amid Greek columns and pompous pronouncements about making the seas recede and healing the planet? The Big O’s overinflated ego shows even in one-on-one interviews:
“I think that I’m a better speechwriter than my speechwriters. I know more about policies on any particular issue than my policy directors. And I’ll tell you right now that I’m gonna think I’m a better political director than my political director.” (Obama WikiQuote)Random Thoughts
Michelle has also said that multiple voting is key to her husband’s victory. Wait, maybe she said early voting… I can’t remember…
Many Americans are justifiably asking what Obama’s plans are for a second term. I know he’s hiring an army of teachers to go invade or attack something…
Is there some law somewhere that says all presidential debates must be moderated by liberal democrats?
Another Obama Oops
“We got back every dime we used to rescue the financial system.” -- President ObamaExcept we didn’t…
“The cost to the federal government of the TARP’s transactions (also referred to as the subsidy cost), including grants for mortgage programs that have not yet been made, will amount to $24 billion,” said the CBO report, which was released on the same day Obama spoke. (CBO Tarp Report)
In fact, CBO reported that as of now $65 billion in TARP funds remain outstanding. (CNS News)The statement from CNS can be verified by looking at page three of the CBO report.
His reelection prospects crumbling, he’s now resorting to bald-faced lies that can be easily fact-checked against published government documents.
More bad news for the venture socialist in chief...
Another green company that received Obama largess ($249 million) has gone bankrupt.
A123 Systems Inc. (AONE), the electric car battery maker that received a $249.1 million federal grant, filed for bankruptcy protection and said it would sell its automotive business assets to Johnson Controls Inc. (JCI) (Bloomberg)Bailing out the World
GM is spending more and more of its taxpayer-enhanced cash pile to shore up its faltering foreign divisions. In fact, according to an analysis of GM’s SEC filings, the company is likely to incur over $6.5 billion in losses and expenditures overseas in the 2011-2014 period, not counting over $1.6b in foreign potential legal liabilities or several other incalculable expenses that could add up to billions more.
Not only are these expenses a challenge to GM’s overall financial health at a time when it also faces billion-dollar expenditures on pensions in the US, it shows the basic problem with national bailouts of global companies. Taxpayers who were told they were saving an American company are now seeing their tax dollars flowing overseas by the billions. (The Truth about Cars)Finally, Victor Davis Hanson has summed up Obama’s first term beautifully:
What, then, was Obama’s first term? Jimmy Carter’s ends justifying Richard Nixon’s means. (VDH)
Salve for our wounds: The Economic Case for Romney-Ryan