At a million-dollar San Francisco fundraiser today, President Obama warned his recession-battered supporters that if he loses the 2012 election it could herald a new, painful era of self-reliance in America.
“The one thing that we absolutely know for sure is that if we don’t work even harder than we did in 2008, then we’re going to have a government that tells the American people, ‘you are on your own,’” Obama told a crowd of 200 donors over lunch at the W Hotel.
“If you get sick, you’re on your own. If you can’t afford college, you’re on your own. If you don’t like that some corporation is polluting your air or the air that your child breathes, then you’re on your own,” he said. “That’s not the America I believe in. It’s not the America you believe in.”
You really don’t need to read any more to confirm that Barack Obama, the career community organizer, is just fine with Occupy Wall Street’s collective stamping of the feet. In fact, Obama has lifted the bar for populist rhetoric the past few weeks, offering student loan “relief” for college students (who have a big presence at the OWS clown parades) among other hand-outs and free passes to various freeloaders, in a pathetic attempt to buy votes.
Moreover, this is the kind of rhetoric that is red meat to the OWS crowd, and the overall base of the radical Democrat party. The politics of entitlement and dependence is a powerful opiate and will be tough for Republicans to overcome.
Indeed the Democrat fringe has used that weapon to enslave generations of blacks and minorities in a ruinous cycle of dependence. Republicans need to pound the message home about alternatives, and to point out these blatant truisms of the Democrat party.
Monty over at Ace of Spades put up his daily Doom post earlier, as he does each and every weekday morning. It’s well worth checking out for your daily fix of financial/economic misery.
As part of today’s lineup, he writes this sentence which stuck out to me and which succinctly sums up Barack Obama, the man and his career:
Obama isn’t trying to solve the problem at hand, but he wants to appear to be solving it.
To that I will add that this is all done to further his and his party’s goals of exponentially inflating the size of government. Plain and simple.
The leftist MoveOn.org/union-sponsored Occupy Wall Street crowd is doubling down on the anger:
Several influential New York lawmakers have received threatening emails saying it is “time to kill the wealthy” if they don’t renew the state’s tax surcharge on the millionaires, according to reports.
“It’s time to tax the millionaires!” reads the email, according to WTEN in Albany. “If you don’t, I’m going to pay a visit with my carbine to one of those tech companies you are so proud of and shoot every spoiled Ivy League [expletive] I can find.”
Assembly Speaker Sheldon Silver and Senate Majority Leader Dean Skelos reportedly received the email, as did Assembly Majority Leader Ron Canestrari. The governor’s office did not tell the New York Daily News whether the governor himself received the email.
The email, with the threatening subject line of, “time to kill the wealthy,” was detailed and disturbing.
“How hard is it for us to stake out one of the obvious access roads to some tech company, tail an employee home and toss a liquor bottle full of flaming gasoline through their nice picture window into their cute house,” wrote the author of the email.
The email references terminology that has been used in the “Occupy Wall Street” movement – that of 1 percent super-rich exploiting the remaining 99 percent of Americans. The angry message demanded that Albany politicians “stop shoveling wealth from the lower 99% into the top 1%” and “set aside your ‘no new taxes on anybody’ pledge.” [...]
“You’re going to do [renew the surcharge], or we are going to sow the kind of choas [sic] you are unequipped to deal with,” the email said. “And you’re going to find yourself in a country where you and your wealthy friends are gonig [sic] to be hunted.”
But this is not class warfare. No. That’s legitimate protesting right there.
Question for those Democrats in Congress who have not yet supported this protest–will you be denouncing the vagrants at Occupy Wall Street now, or after blood is shed?
Ladies and gentlemen, the second in command of the United States Senate:
Holding up a plastic debit card on the Senate floor this afternoon, Sen. Dick Durbin, D-Ill., had some advice for Bank of America customers angry about the new $5 monthly fee: leave.
“Bank of America customers, vote with your feet, get the heck out of that bank,” Durbin said on the Senate floor. “Find yourself a bank or credit union that won’t gouge you for $5 a month and still will give you a debit card that you can use every single day. What Bank of America has done is an outrage.”
Durbin said consumers are rightfully outraged about last week’s announcement.
“It is hard to believe that a bank would impose such a fee on loyal customers who simply are trying to access their own money on deposit at Bank of America,” he said. “Especially when Bank of America for years has been encouraging their customers to use debit cards as much as possible.”
Most basic checking accounts at Bank of America will see a 40 percent jump in monthly costs and the bank says the debit fee will be waived for customers who upgrade to “premium” accounts that require higher minimum balances.
The Dodd-Frank financial law this month lowers “interchange fees” that banks can charge retailers for debit transactions. Fees for retailers will shrink from 44 cents to a cap of 24 cents, which has led some debit card issuers to seek other ways to make up that lost revenue. Some people have blamed Durbin for his amendment, which capped the so-called swipe fees that banks can charge retailers.
You read that correctly. Senator Durbin is encouraging a run on the largest holder of cash deposits in the country. Am I the only one that finds this disturbing? This, in addition to the fact that Dick Durbin is entirely to blame for the amendment to the Dodd-Frank monstrosity which forced the bank’s hand in the first place?
Is anyone surprised? This is class warfare–pitting one group of citizens against another. But then again, it’s part of the weaponry there at the Democrat party.
Results be damned, it’s all about electing more and more liberals to positions of power, to keep blacks more and more suppressed:
[T]he bad policies that have always failed are the big government liberalism that has defined modern black politics.
With further thought, blacks might realize [...] that growing government and electing black politicians would make blacks better off — that explains why blacks have remained disproportionately “hurtin”.
Take the Congressional Black Caucus itself. The average poverty rate in Black Caucus districts is almost 50 percent higher than the national average. Yet, these black politicians have 100 percent re-election rates.
Maybe blacks will realize that they should blame Obama. Not because he is black, but because he is a liberal.
Or maybe it’s because of those racist, terrorist Tea Partiers. Read the whole piece.
Appealing to the credulous resentments of ignorant mobs has long been a political speciality of the Democratic Party, which habitually excites the fears and hatreds of its constituencies, even as it exploits their foolish hopes [...]
Democrats execise power through such cynical manipulation of their supporters’ dreams and nightmares. The Democrats grow rich while the people who elect them grow poor and yet always — always — the blame for their failures is externalized onto [...] the Republicans.
[T]he fools who vote for Democrats certainly deserve no better than what they’ve gotten from Obama: Absolutely nothing.
Mrs. Obama and her daughters arrived just before 2 pm Thursday on a U.S. government jet, according to the Martha’s Vineyard Times, which got its information from the local airport. The first lady’s office has been silent on her travel. President Obama arrived in the evening along with the family dog Bo.
The extra costs related to Mrs. Obama’s solo trip mainly include the flight on a specially designed military aircraft she took instead of Air Force One, as well as any extra staff and Secret Service that had to be enlisted to go with her. She would also have had her own motorcade from the airport to her vacation residence.
Mrs. Obama’s separate jet travel sends the wrong message on a host of issues, from global warming to the budget deficit to the economy – in which currently so many people can’t afford to take a vacation at all.
I know I’ve been dismissing criticism of the Obamas trip to MV in recent posts, but I’ve also acknowledged that the optics are tough. Stories like this only add fuel to the fire.
[Hat Tip: Memeorandum]
Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey.
The biggest one-week slump in stocks since 2008 and the threat of default on the nation’s debt may have exacerbated consumers’ concerns as unemployment hovers above 9 percent and companies are hesitant to hire. Rising pessimism poses a risk household spending will cool further, hindering a recovery that Federal Reserve policy makers said this week was already advancing “considerably slower” than projected.
“We’re really at the bottom of the barrel right now,” Lindsey Piegza, an economist at FTN Financial in New York, said before the report. “Americans are feeling an increasing level of frustration with their leaders in Washington. We’re also seeing a slew of weaker than expected economic reports.”
But don’t worry. President Obama’s just as frustrated and worked up about the economy that he and the Democrats have created as we all are. Doesn’t that make you feel sooo much better?