US Action News

The White house thinks Americans are getting stupider and stupider with each passing year of the Obama disaster. Obama has never cared about any jobs except union jobs which generate campaign funds for him and fellow Democrats. His Utopian “green ” jobs has produced such fiascoes as $14 million per permanent wind job and $50 MILLION for ten solar jobs. Can we stand four more years of this insanity?

A strong case can be made that the fundamental supports of the housing market– demographics, employment, creditworthiness and income–will not recover for a generation. – Of Two Minds

Natural gas prices have plunged to a ten year low because of excess SUPPLY. This shows that oil prices could be substantially reduced if Obama unleashed America’s oil drilling industry. Jobs, tax revenues and the economy would all benefit.

“It’s clear that it’s added over a trillion dollars to federal spending over the next ten years and hundreds of billions of dollars to the federal deficit.” Charles Blahous of the Mercatus Center explains that the Affordable Care Act will expand the federal deficit to Neil Cavuto.

The real Barack Obama is a steely-eyed autocrat, dedicated to expanding his power at the expense of our liberty, still a bit of a Marxist, alternately hostile to or agnostic about capitalism, and intent on transforming America into a government-controlled society composed of obedient automatons. – IBD

“It’s not a plan, it’s not serious. There’s nothing serious about it.” The Buffet tax is meaningless explains Steve Hayes – it equals one day’s worth of deficit – but the president has spent more time talking about it then any other economic policy idea. That giant sucking sound in D.C. is the leadership vacuum.

Oil traded near its lowest price in almost two months in New York after an industry report showed stockpiles rose for a third week in the U.S., the world’s biggest consumer of crude. – Bloomberg.com

Ironically, the very act of rolling out this product is thus the alarm bell that higher rates are a-comin’. – Zero Hedge

According to the Bureau of Labor Statistics, the official unemployment rate in the United States was 9.8 percent in March 2010 and it declined to 8.2 percent in March 2012. So how is this possible if the percentage of working age Americans that have jobs hasn’t moved? Well, what they do is they claim that there are millions upon millions of Americans that have “left the labor force”. In other words, they claim that there are millions upon millions of unemployed Americans that don’t want jobs anymore.

Increasing pain at the pump and plug underscore the reality that Mr. Obama’s energy policies are anything but all-inclusive, and his PC power is anything but sustainable – though they certainly are transforming our country.