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  • U.S. January New-Home Sales Drop Despite Credit Extension

    02/24/2010 8:00:58 PM PST · by Lorianne · 10 replies · 371+ views
    Housing Zone ^ | February 24, 2010 | Matt Phair
    The Commerce Department said on Wednesday sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in 1963, from 348,000 units in December. December’s original estimated rate was 342,000, a drop of 7.6% from November. December’s rate was later revised to 348,000. January’s rate was 6.1% below the January 2009 estimate of 329,000. Details of the sales numbers are as follows: Sales took the biggest dive in the Northeast, where 24,000 homes were sold in January, compared to 37,000 in December, a decline of 35.1%. In the West, sales declined 11.9% to 74,000 from...
  • U.S. to retire nuclear Tomahawk missiles

    02/23/2010 10:02:56 PM PST · by ErnstStavroBlofeld · 67 replies · 1,882+ views
    Kyodo News ^ | 2/23/2010 | Japan Times
    The United States has informally told Japan it will retire its sea-based Tomahawk cruise missiles carrying nuclear warheads, in line with President Barack Obama's policy to pursue a world free of atomic weapons, government sources said Monday. Washington said the move would not affect the nuclear umbrella, addressing concerns in Tokyo about the step's effect on U.S. deterrence against potential attacks from China, North Korea or other countries, the sources said. The retirement will probably be stipulated in the Nuclear Posture Review, a new nuclear strategic guideline the Obama administration is slated to submit to Congress next month, they said....
  • US Jan mass layoffs edge up on weak manufacturing

    02/23/2010 1:30:01 PM PST · by traumer · 16 replies · 397+ views
    WASHINGTON, Feb 23 (Reuters) - The number of mass layoffs by U.S. employers edged up in January as manufacturers stepped up job cuts, data showed on Tuesday, but probably not enough to alter views that the economy is on the brink of creating jobs. The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased by 35 to 1,761. Mass layoffs had trended lower since August. A total of 182,261 workers were affected last month. In January, 486 mass layoff events were reported in manufacturing,...
  • Banks Continue To Pull The Rug Out From Under The Economy

    02/22/2010 2:20:40 PM PST · by blam · 36 replies · 818+ views
    The Business Insider ^ | 2-22-1010 | Joe Weisenthal and Kamelia Angelova
    CHART OF THE DAY: Banks Continue To Pull The Rug Out From Under The Economy Joe Weisenthal and Kamelia Angelova Feb. 22, 2010, 3:21 PM Can the economy revive if banks don't start to lend again? Let's hope so. Today the St. Louis Fed released its latest monthly look at commercial and industrial loans at major banks -- a measure that some would say represents the essence of the US banking system. As you can see, this measure is still falling like a knife -- a bad sign for the ongoing health of the economy. (And also not what we...
  • Rahm Emanuel Is Toast

    02/22/2010 2:17:40 PM PST · by FromLori · 60 replies · 2,750+ views
    Economic Policy Journal ^ | 2/21/10 | Robert Wenzel
    It looks Rahm Emanuel is done. Dana Milbank transcribed an article written by Rahm Emanuel today in The Washington Post. Never has an article been more clearly written to support a political benefactor. As I was reading the article lavishing praise on Rahm Emanuel and throwing dirt on everyone else inside the White House, I kept thinking two things. First, how many leaks has Rahm given Milbank over the years? How much do they love each other? Milbank gets a cherished inside source so he can seem like he's got the scoop on what's happening in DC and Rahm gets...
  • Susan Estrich: What Went Wrong?

    02/21/2010 9:58:45 PM PST · by 2ndDivisionVet · 118 replies · 3,713+ views
    Creator's Syndicate ^ | February 19, 2010 | Susan Estrich
    Something has gone very wrong. Was it just a year ago that Democrats assumed more control in Washington than the party has had in my lifetime? It was. Was it just a year ago that President Obama promised a new era of change, bipartisanship and transparency? It was. Just weeks into office, the president pushed through a major stimulus package to save the American economy, restore credit, build infrastructure and create jobs. Now, unable to get Republicans to support what was their idea — a bipartisan commission on the deficit — the president has appointed one of his own, complete...
  • The USS Obama Is Taking on Water

    02/21/2010 5:38:30 PM PST · by AJKauf · 29 replies · 1,186+ views
    Pajamas Media ^ | Feb. 21 | J Robert Smith
    Many on the left are in denial. The USS Obama, certified as unsinkable a year ago, is taking on water in its bilges. It is starting to list portside in the dark, cold political seas — on its maiden voyage, no less. The Obama is made of sturdy stuff, the left contends, designed by the smartest engineers. Its skeleton and hull, shaped by unbendable liberal principles. Its engines and turbines, powered by attractive government-growing, corporate-hating proposals. Its furnaces, stoked by legions of young and minority voters, hopelessly idealistic and hungry for change, and by the disaffected middle class, sick of...
  • Rasmussen: Daily Presidential Tracking Poll (-19)

    02/21/2010 6:30:07 AM PST · by Oldeconomybuyer · 103 replies · 4,421+ views
    Rasmussen ^ | February 21, 2010 | Scott Rasmussen
    The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows that 22% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. That is the lowest level of strong approval yet recorded for this President. Forty-one percent (41%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -19. The Approval Index has been lower only on one day during Barack Obama’s thirteen months in office (see trends). The previous low came on December 22 as the Senate was preparing to approve its version of the proposed health care legislation. The current...
  • Why is Obama failing?

    02/20/2010 10:59:16 AM PST · by knighthawk · 71 replies · 1,588+ views
    National Post ^ | Februari 20 2010 | Robert Fulford
    Barack Obama has done everything possible to destroy the glowing reputation he brought to the White House after his triumphs in the Democratic primaries and the general election of 2008. The most striking fact about the cloud of failure now surrounding him is that it’s entirely self-generated. No credible Republican has been harassing him, leaping on his every mistake. Journalists of the liberal persuasion remain admirers. His most vocal detractors are loudmouthed commentators, unlikely to influence the independent voters who made Obama President. He has no one to blame. This week, when Senator Evan Bayh of Indiana announced that he...
  • Millions of Unemployed Face Years Without Jobs

    02/20/2010 6:17:52 PM PST · by ricks_place · 111 replies · 2,201+ views
    New York Times ^ | February 20, 2010 | PETER S. GOODMAN
    BUENA PARK, Calif. — Even as the American economy shows tentative signs of a rebound, the human toll of the recession continues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits. Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed. Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in...
  • Daily Presidential Tracking poll ( -17 )

    02/20/2010 8:08:44 AM PST · by marstegreg · 71 replies · 2,032+ views
    Rasmussen reports ^ | Feb 20, 2010 | Scott Rasmussen
    The Rasmussen Reports daily Presidential Tracking Poll for Saturday shows that 23% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. That matches the lowest level of strong approval yet recorded for this President. Forty percent (40%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -17
  • USS Obama is sinking

    02/18/2010 12:34:43 AM PST · by kingattax · 20 replies · 1,119+ views
    American Thinker ^ | February 17, 2010 | J.C. Arenas
    The Obama Administration continues to proclaim the strength of the nation's economy, and foreign governments are responding with a collective "yeah, right". ABC News reports: Foreign owners of US government debt reduced their holdings by the largest monthly amount ever in December, with China offloading so many Treasury securities that it is no longer the largest foreign holder. According to new data released Tuesday morning by the Treasury Department, foreign holdings of Treasury securities plunged by $53 billion in December, a record drop. China led the sell-off, reducing its holdings by $34 billion. The administration has continued to increase the...
  • Obama Takes Deficits To New Frontier

    02/17/2010 5:35:35 PM PST · by Kaslin · 1 replies · 225+ views
    Investors.com ^ | February 17, 2010 | JEFFREY H. ANDERSON
    In his State of the Union address, President Barack Obama said that "families across the country are tightening their belts and making tough decisions," so the "federal government should do the same." The following week, the president presented his new budget, which contains $1.267 trillion in new deficit spending. So much for cinching up the belt. Elsewhere in his address, the president said, "Let me start the discussion of government spending by setting the record straight." But, in his subsequent words, he barely even mentioned his own deficit spending. This, of course, will not do. If we are to set...
  • CNN poll: 52% say Obama doesn't deserve reelection in 2012

    02/16/2010 4:08:03 PM PST · by DCBryan1 · 126 replies · 5,013+ views
    The Hill ^ | 16 FEB 10 | Michael O'Brien
    CNN poll: 52% say Obama doesn't deserve reelection in 2012 By Michael O'Brien - 02/16/10 01:35 PM ET 52 percent of Americans said President Barack Obama doesn't deserve reelection in 2012, according to a new poll. 44 percent of all Americans said they would vote to reelect the president in two and a half years, less than the slight majority who said they would prefer to elect someone else. Obama faces a 44-52 deficit among both all Americans and registered voters, according to a CNN/Opinion Research poll released Tuesday. Four percent had no opinion. The reelection numbers are slightly more...
  • Obama Pushes The Dictator Button

    02/14/2010 8:23:58 AM PST · by callisto · 108 replies · 5,000+ views
    David Horowitz's NewsRealBlog ^ | February 14, 2010 | Liz Blaine
    President Obama decided it’s time to push the dictator button and tell the Legislature they’re expendable. Using the Old Gray Lady for softball coverage, the White House announced the President is prepared to use Executive fiat to advance his energy, environmental and fiscal policies. But what good is signing your agenda into law if you don’t have radicals to implement it? Oh yeah, he’ll also be making recess appointments. It’s good to be King! On Friday White House chief of staff, Rahm Emmanuel announced the President is preparing, “to get the job done.” Translation: Obama is tired of waiting for...
  • Obama's chance to be next FDR or Reagan fading fast

    02/13/2010 7:58:00 AM PST · by maggief · 39 replies · 593+ views
    McClatchy ^ | February 12, 2010 | Steven Thomma
    WASHINGTON — President Barack Obama's dream of being a historically transformational figure like Franklin D. Roosevelt or Ronald Reagan may be slipping from his grasp. To be sure, he's already made one lasting mark that changed the country's course — his election as the first African-American president broke a centuries-old racial barrier.
  • President Obama Signs Law Raising Public Debt Limit from $12.4 Trillion to $14.3 Trillion

    02/12/2010 1:33:55 PM PST · by Free ThinkerNY · 17 replies · 603+ views
    abcnews.com ^ | Feb. 12, 2010 | Jake Tapper
    Behind closed doors and with no cameras present, President Obama signed into law Friday afternoon the bill raising the public debt limit from $12.394 trillion to $14.294 trillion. The current national debt is $12.3 trillion. Check out the National Debt Clock, which tells you your share of that -- roughly $40,000 per citizen, $113,000 per taxpayer.
  • Quinnipiac : Obama down to 45%

    02/11/2010 4:30:02 PM PST · by RobinMasters · 22 replies · 634+ views
    Hot Air ^ | February 10, 2010 | ED MORRISSEY
    A pair of polls released today show that the electorate continues to sour on Barack Obama and his agenda after the State of the Union address. Quinnipiac’s survey of over 2600 registered voters produces a 45% approval rating with a 46% disapproval, the highest yet from Quinnipiac. Trust in government has plunged as well: American voters remain deeply divided about President Barack Obama’s job performance, giving him a 45 – 46 percent job approval, but disapproval of both Democrats and Republicans in Congress tops 2-1. This could explain why only 2 percent trust government to do what is right almost...
  • Obama Strikes Softer Note With Wall Street

    02/10/2010 5:01:26 AM PST · by STONEWALLS · 23 replies · 355+ views
    NY Times ^ | 2-10-10 | NY Times
    "In an exclusive interview with Bloomberg Businessweek, President Barack Obama took a more conciliatory stance toward the financial sector, saying he did not “begrudge people success or wealth,” as it was “part of the free-market system.” The president’s comments come days after the chief executives of JPMorgan and Goldman Sachs received multimillion dollar bonuses. But during the interview in the Oval office, he pointed out that “there are some baseball players who are making more than that and don’t get to the World Series either, so I’m shocked by that as well.”
  • Barack Obama faces Armageddon in latest polls

    02/09/2010 6:32:06 AM PST · by no dems · 49 replies · 1,863+ views
    Telegraph.Co.Uk ^ | February 9, 2010 | Nile Gardiner
    Forget “Snowmageddon”. Washington may be deluged under nearly three feet of snow, but Barack Obama is experiencing a sinking feeling of another kind. The latest US polls, highlighted here by Daniel Foster at The Corner at NRO, are stunningly bad for the president. Frankly, the Titanic’s prospects looked better than Obama’s do today, even after it hit the iceberg.
  • Gallup: Obama approval hits new lows on economy, health care, deficit

    02/08/2010 4:36:17 PM PST · by Justaham · 13 replies · 701+ views
    hotair.com ^ | 2-8-10 | Allahpundit
    In an interview with CBS News on Feb. 7, prior to the Super Bowl, the president made a surprise call for a half-day, bipartisan, nationally televised summit on healthcare. The political need for Obama to make such a bold move is underscored by his relatively low 36% approval rating on his handling of healthcare. Obama’s healthcare approval rating is statistically little different from the 37% he received last month, but the two ratings are the lowest of his administration. Americans give Obama his lowest rating, 32%, on handling the federal budget deficit, down from 38% when this was last measured...
  • Obama Hits Lowest Approval Mark

    02/08/2010 11:12:36 AM PST · by honestabe010 · 34 replies · 1,300+ views
    The Woodward Report ^ | February 8, 2010
    Independent voters see Pres. Obama in a negative light by a nearly 2-1 margin, according to a new Marist College survey, while almost half of voters say he has failed to meet their expectations. The poll, conducted Feb. 1-3, showed just 44% of registered voters approving of Obama's job as president. 47% disapprove. But among indie voters, Obama's approval rating sits at a terrible 29%, while his disapproval rating is at 57%. Obama's 44% job approval rating is the lowest he has scored in any non-internet poll since moving into the WH, according to a review of data compiled by...
  • A year later, where did the hopes for Obama go?

    02/08/2010 11:07:10 AM PST · by Baladas · 46 replies · 1,345+ views
    The Washington Post ^ | February 8, 2010 | Ann Gerhart
    A year ago, Barack Obama's true believers were euphoric. The huge and jubilant gathering in Chicago's Grant Park on Election Night 2008 gave way to almost 2 million people on the Mall for the president's inauguration. He took office as the most popular incoming president in a generation. A movement had become a mandate of nearly 70 million votes. People hoped the new president would bring change to Washington, the hallmark claim of his historic candidacy. Now, the mood through much of the nation seems restive, even sour. It is almost jarring to look at the photographs from Grant Park,...
  • After Buying Spree, China Owns Stakes in Top U.S. Firms

    02/08/2010 9:45:33 AM PST · by Palter · 13 replies · 919+ views
    The New York Times ^ | 08 Feb 2009 | DAVID BARBOZA and KEITH BRADSHER
    Flush with cash despite the global economic downturn, China’s sovereign wealth fund quietly snapped up more than $9 billion worth of shares last year in some of the biggest American corporations, including Morgan Stanley, Bank of America and Citigroup. Although most of the stakes were small, China Investment Corp., the government’s $300 billion investment fund, now owns stock in some of the best-known American brands, including Apple, Coca-Cola, Johnson & Johnson, Motorola and Visa. The detailed list, which contained holdings totaling $9.6 billion as of Dec. 31, was disclosed Friday in a filing with the U.S. Securities and Exchange Commission;...
  • Obama Skipping Over Press Corps? (MSM grumbles about lack of WH news conferences)

    02/08/2010 10:07:17 AM PST · by Beaten Valve · 63 replies · 1,539+ views
    TV Newser ^ | Jan. 8, 2010 | Kevin Allocca
    WaPo's Howie Kurtz writes about increasing grumblings from the White House press corps over the lack of presidential news conferences in recent months: "It's a source of great frustration here," says Chip Reid, CBS's White House correspondent. "It's important for us to hold the president's feet to the fire." NBC White House reporter Chuck Todd calls the situation a "shame," saying the administration is trying to control the message rather than allowing Obama to be seen "unscripted." While the White House argues that there has been no shortage of appearances by the president on television and in print, some White...
  • The Perfect Storm: Deteriorating Rents and Occupancies, Deflating Sales Prices and Tight Credit

    02/05/2010 2:19:16 PM PST · by Kartographer · 5 replies · 468+ views
    Reuters ^ | 2/1/10 | Jamie Sene
    "Not since the early 1990s have we observed this perfect storm of deteriorating rents and occupancies, deflating sales prices, and tight credit that's leading to a lot of defaults," writes Victor Calanog, director of research at Reis, a New York-based real estate research organization. "With close to $3.5 trillion of loans outstanding and at least 12 to 24 more months of rent declines, I expect to see more commercial properties defaulting on loans."
  • Market Collapse Day II: Equities And Commodities Now Falling Hard

    02/05/2010 11:47:22 AM PST · by blam · 20 replies · 1,330+ views
    The Business Insider ^ | Vince Veneziani
    Market Collapse Day II: Equities And Commodities Now Falling Hard Vince Veneziani Feb. 5, 2010, 1:51 PM The market continues to tank, with the Dow currently down 135 points to 9868. The NASDAQ is down 23 points to 2102 and the S&P 500 is down 17 points to 1046. It's a total bloodbath. Commodities are down across the board (cattle, however, is up!). Oil is down 3.9% to $70.31 a barrel. Gold is down yet again. It's currently at $1050 an ounce, down $12. Silver is down 3.5% to $14.82 an ounce.
  • U.S. intelligence chief talks about [killing] American targets

    02/03/2010 2:02:05 PM PST · by Jim Robinson · 84 replies · 3,548+ views
    Reuters ^ | Feb 3, 2010 | By Tabassum Zakaria
    WASHINGTON (Reuters) - In unusually frank public comments, the top U.S. intelligence chief said on Wednesday that spy agencies could target Americans involved in terrorism but must get permission before a potentially deadly strike. "We take direct action against terrorists, in the intelligence community," Dennis Blair, director of national intelligence, said at a House committee hearing. "If ... we think that direct action will involve killing an American, we get specific permission to do that," he said, without mentioning where the permission came from. The Washington Post reported last week that President Barack Obama approved a December 24 strike against...
  • (IRS)Buying 14' Combat Shotguns.

    02/03/2010 6:41:12 AM PST · by Leisler · 178 replies · 4,496+ views
    Fed Gov.com ^ | 02/02/10 | staff
    The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division. The Remington parkerized shotguns, with fourteen inch barrel, modified choke, Wilson Combat Ghost Ring rear sight and XS4 Contour Bead front sight, Knoxx Reduced Recoil Adjustable Stock, and Speedfeed ribbed black forend, are designated as the only shotguns authorized for IRS duty based on compatibility with IRS existing shotgun inventory, certified armorer and combat training and protocol, maintenance, and parts.
  • Radical Shifts Take Hold in U.S. Manufacturing

    02/03/2010 10:47:20 AM PST · by 1rudeboy · 94 replies · 1,321+ views
    The Wall Street Journal ^ | February 3, 2010 | Mark Whitehouse
    America's industrial base is undergoing its most radical restructuring in decades as manufacturers rethink their businesses in the wake of the recession. From Dow Chemical Co. to Intel Corp., iconic companies are telling stories of wrenching change—both contraction and recovery—as they report their earnings for 2009. Dow Chemical said Tuesday it is aiming to shed some $2 billion worth of basic-chemical factories and other assets this year as it moves into more-profitable specialty chemicals. Appliance maker Whirlpool Corp. said it cut about a tenth of its capacity in 2009 as it struggled with a 9.6% drop in sales. Intel, by...
  • Obama to Democrats: We must lead (and stay aggressive on pushing our agenda)

    02/03/2010 9:34:20 AM PST · by NormsRevenge · 40 replies · 917+ views
    AP on Yahoo ^ | 2/3/10 | Ben Feller - ap
    WASHINGTON – President Barack Obama implored Senate Democrats on Wednesday to stay aggressive in pushing their agenda despite the loss of one vital seat, saying: "We still have to lead." Speaking to his party's senators at their strategy conference, Obama reminded Democrats they still hold a 59-41 majority, one shy of the 60 needed to overcome Republican filibuster delay tactics. Democrats lost a "super majority" when Republican Scott Brown won in a special election upset in Massachusetts. Obama said that for Democrats searching for a lesson from that election, "The answer is not to do nothing." "The American people are...
  • Intel Chief: US at Risk of Crippling Cyber Attack

    02/03/2010 9:12:41 AM PST · by Kartographer · 29 replies · 421+ views
    FoxNews ^ | 2/3/10
    The United States is at risk of a crippling cyber attack that could "wreak havoc" on the country because the "technological balance" makes it much easier to launch a cyber strike than defend against it, Director of National Intelligence Dennis Blair said Tuesday.
  • No Help in Sight, More Homeowners Walk Away

    02/03/2010 7:05:10 AM PST · by TigerLikesRooster · 71 replies · 1,319+ views
    NYT ^ | 02/03/10 | DAVID STREITFELD
    February 3, 2010 No Help in Sight, More Homeowners Walk Away By DAVID STREITFELD In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040. “People like me are beginning to feel like suckers,” Mr. Koellmann said. “Why not let it go in default and rent a better place for less?” After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration’s loan...
  • Intelligence Officials Warn Attempted Al Qaeda Attack Months Away

    02/02/2010 2:20:54 PM PST · by Sub-Driver · 38 replies · 1,431+ views
    Intelligence Officials Warn Attempted Al Qaeda Attack Months Away The terrorist organization is deploying operatives to the United States to carry out new attacks from inside the country, CIA Director Leon Panetta told Congress WASHINGTON -- Al Qaeda can be expected to attempt an attack on the United States in the next three to six months, senior U.S. intelligence officials told Congress Tuesday. The terrorist organization is deploying operatives to the United States to carry out new attacks from inside the country, including "clean" recruits with a negligible trail of terrorist contacts, CIA Director Leon Panetta said. Al Qaeda is...
  • Gates to Hill: Pentagon to ease gay ban

    02/03/2010 5:06:41 AM PST · by markomalley · 19 replies · 400+ views
    Washington Times ^ | 2/3/2010 | Sara A. Carter
    Defense Secretary Robert M. Gates yesterday outlined the Pentagon's plans on gays in the military, telling Congress he will scale back enforcement of the law that bans open homosexuality in the ranks and has launched a yearlong review of how to handle the ban's repeal, which the Obama administration will seek. The announcement prompted advocates for lifting the ban to complain that the review is unnecessary and too long. Mr. Gates said in testimony before the Senate Armed Services Committee on Tuesday that military policy will be reviewed and that gay troops will be treated "in a fairer manner," suggesting...
  • Obama Ally Code Pink Shutting Down D.C. 'Pink House' Protest Headquarters

    02/01/2010 7:08:11 PM PST · by kristinn · 74 replies · 3,345+ views
    Monday, February 1, 2010 | Kristinn
    Obama and terrorist support group Code Pink announced today they are shutting down their Washington, D.C. headquarters due to lack of interest by their fellow leftists in protesting the Democrat-run Congress and the Obama administration.Code Pink has been playing the inside-outside game of political theater since Obama was inaugurated. While making a show of protesting his administration, Code Pink has been meeting with Obama and working with the White House. Since March 2007, the group has maintained its D.C. headquarters in a five bedroom row house in a residential neighborbood on Capitol Hill. The group was protected by the D.C....
  • Deficit Balloons Into National-Security Threat

    02/01/2010 3:57:52 PM PST · by La Lydia · 15 replies · 649+ views
    Wall Street Journal ^ | February 1, 2010 | Gerald Seib
    The federal budget deficit has long since graduated from nuisance to headache to pressing national concern. Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat. The budget plan released Monday by the Obama administration illustrates why this escalation is warranted. The numbers are mind-numbing: a $1.6 trillion deficit this year, $1.3 trillion next year, $8.5 trillion for the next 10 years combined—and that assumes Congress enacts Obama's proposals to start bringing it down, and that the proposals work. ...it's time to start thinking of...
  • China's Military Growing Stronger, According to Threat Assessment

    02/01/2010 3:32:22 PM PST · by Flavius · 6 replies · 453+ views
    before its news ^ | 2/2/10 | goldman
    The Defense Intelligence Agency’s (DIA) annual threat assessment on China finds that the country is strengthening its ability to conduct military operations along its periphery on its own terms. According to the report, which was published in March, 2009, but was just declassified in Jan. 2010: “(China) is building and fielding sophisticated weapon systems and testing new doctrines that it believes will allow it to prevail in regional conflicts and also counter traditional U.S. military advantages. The People’s Liberation Army (PLA) is increasingly building its own sophisticated aircraft, surface combatants, submarines and weapon systems while still purchasing select systems from...
  • The Mystery of Barack Obama Continues

    01/31/2010 9:16:28 PM PST · by narses · 135 replies · 3,639+ views
    Western Center for Journalism ^ | Steve Baldwin, Exclusive to Western Center for Journalism
    Most Americans don’t realize we have elected a president whom we know very little about. Pictured: Barack Obama’s Autobiography, Dreams from My Father. Researchers have discovered that Obama’s autobiographical books are little more than PR stunts, as they have little to do with the actual events of his life. The fact is we know less about President Obama than perhaps any other president in American history and much of this is due to actual efforts to hide his record. This should concern all Americans. A nation-wide network of researchers has sprung up to attempt to fill in the blanks, but...
  • Review shows dramatic shift in Pentagon's thinking

    02/01/2010 2:14:03 PM PST · by Kartographer · 13 replies · 341+ views
    CNN ^ | 2/1/10 | Mike Mount
    The Pentagon will no longer shape the U.S. military to fight two major conventional wars at once, but rather prepare for numerous conflicts and not all in the same style, according to a draft of a new strategic outlook the Pentagon is announcing on Monday. The new mantra for military planners will replace the almost 25-year-old combat planning style of fighting and winning two major conventional wars in two different locations in favor of a fighting force that is capable of protecting U.S. interests around the world from a range of threats, from terrorism to cyber attacks
  • The Obama Spell Is Broken

    02/01/2010 2:42:07 AM PST · by Puzzleman · 63 replies · 2,841+ views
    The Wall Street Journal ^ | January 31, 2010 | FOUAD AJAMI
    The curtain has come down on what can best be described as a brief un-American moment in our history. That moment began in the fall of 2008, with the great financial panic, and gave rise to the Barack Obama phenomenon. --snip--There had been that magical moment—the campaign of 2008—and the true believers want to return to it. But reality is merciless. The spell is broken.
  • Deficit to Hit All-Time High (Tax Revenues Plummet, New FY 2010 Deficit of $1.6 Trillion)

    01/31/2010 5:29:42 PM PST · by kristinn · 99 replies · 3,549+ views
    The Wall Street Journal ^ | Sunday, January 31, 2010 | Jonathan Weisman
    President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides. The deficit for the current fiscal year, which ends on Sept. 30, would eclipse last year's $1.4 trillion deficit, in part due to new spending on a proposed jobs package. The president also wants $25 billion for cash-strapped state governments, mainly to offset their funding of the Medicaid...
  • Deficit of Trust: Most Voters Don’t Believe President’s Assertions About Economy

    01/30/2010 8:11:12 AM PST · by MaestroLC · 106 replies · 3,800+ views
    Rasmussen Reports ^ | January 30, 2010 | by Scott Rasmussen
    Highlights: *The president in the speech declared that his administration has cut taxes for 95% of Americans. He even chided Republicans for not applauding on that point. However, just 21% of voters nationwide believe that taxes have been cut for 95% of Americans. Most (53%) say it has not happened, and 26% are not sure. Other polling shows that nearly half the nation’s voters expect their own taxes to go up during the Obama years. *The president also asserted that “after two years of recession, the economy is growing again.” Just 35% of voters believe that statement is true, while...
  • Listen up, the president is not for turning (Andrew Sullivan says Obama will make comeback)

    01/31/2010 7:18:58 PM PST · by Free ThinkerNY · 36 replies · 983+ views
    timesonline.co.uk ^ | Jan. 31, 2010 | Andrew Sullivan
    We should know the pattern by now. Barack Obama has a way of seeming to let things drift, even dangerously so. His supporters start to panic; his enemies start to sniff confidence like a junkie out of a brown paper bag. Scott Brown’s remarkable victory in Massachusetts provided the glue, and the Republicans and the media almost passed out with the rush — and still the president remained somewhat aloof; distant. As health insurance reform looked dead in the water, Obama seemed equally inert. The mood on the liberal blogs went from depression to panic. His presidency was over! Liberalism’s...
  • U.S. surrounds Iran with missile defenses

    01/31/2010 12:08:59 AM PST · by myknowledge · 70 replies · 4,152+ views
    UPI ^ | January 30, 2010
    WASHINGTON, Jan. 30 (UPI) -- The United States has speeded movement of anti-missile defenses to the Persian Gulf to put pressure on Iran, government officials say. Four countries in the region have accepted U.S. missile defense systems, and Aegis cruisers have been deployed, The New York Times reported Saturday. The move began under President George W. Bush but has recently been accelerated by President Obama. Gen. David Petraeus, head of U.S. Central Command, discussed the deployment in a rare public forum at the Institute for the Study of War in Washington on Jan. 22. He did not name the countries...
  • White House Projects Record Deficit This Year [Beyond Belief: $1.6 Trillion Budget Deficit!]

    01/31/2010 2:30:43 PM PST · by Steelfish · 26 replies · 626+ views
    NYTimes/Reuters ^ | January 31, 2010
    White House Projects Record Deficit This Year Source By REUTERS Published: January 31, 2010 WASHINGTON (Reuters) - The White House predicts that the United States will post a record $1.6 trillion budget deficit in the current fiscal year, a congressional source told Reuters Sunday. In its budget proposal to be released Monday, the White House predicts that deficits will fall to $700 billion by fiscal 2013 before gradually rising back to $1.0 trillion by the end of the decade, the Capitol Hill source said.
  • An Agenda in Shambles

    01/30/2010 7:58:59 PM PST · by kingattax · 11 replies · 771+ views
    The Weekly Standard ^ | February 8, 2010 | Matthew Continetti
    In April 2009, President Obama laid out his domestic agenda in a speech at Georgetown University. This was no ordinary chat; Obama envisioned nothing less than a reorientation of the American system. He sought to shift the economy from the rough and tumble cowboy capitalism of the past to a less risky, pricier, and perhaps slightly more comfortable European future. “We must lay a new foundation for growth and prosperity,” Obama said. Less than a year later, this agenda is in shambles. The president’s “new foundation” is just another part of America’s crumbling infrastructure. Its pillars are strewn across the...
  • Americans finally starting to see through the president's prevarications

    01/30/2010 8:26:49 PM PST · by kingattax · 18 replies · 1,150+ views
    American Thinker ^ | January 30, 2010 | Ralph Alter
    As much as Barack Obama professes his admiration for our 16th POTUS, Abraham Lincoln, B.O. still seems determined to disprove one of Honest Abe's most famous bromides: "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time." (Abraham Lincoln ) The fact that this duplicitous non-achiever was elected in the first place proves his ability to fool nearly all of the people some of the time. Despite a near total lack of credentials, a voting record vacillating between rad-lib and "present," and...
  • Populist Dem Message Replaces Progressive Message

    01/31/2010 5:57:46 AM PST · by Kaslin · 49 replies · 611+ views
    Townhall.com ^ | January 31, 2010 | Salena Zito
    Fair or not, voters have distaste and distrust this year for any candidate running under the “progressive” banner that was so wildly popular just last year. “I essentially believe that ‘progressive’ is the wrong “P” to be describing yourself as this cycle,” said a Democratic strategist working on congressional campaigns across the country. “ ‘Populist’ is the way to go.” Candidates, he said, should appear as an outsider who will fight for Main Street, not Wall Street. Because the concerns of independents will continue to dominate the electoral landscape, the best that progressive candidates can do is to emphasize the...
  • Gallup Daily: 47A, 47D (No SOTU Bump)

    01/30/2010 10:11:52 AM PST · by tatown · 19 replies · 811+ views
    Gallup ^ | 1/30/2010 | Gallup
    47% Approve: -1; 47% Disapprove: +2