U.S. GDP growth sunk to 1.8 percent annual rate in the first quarter of 2011 after a 3.1 percent fourth quarter rise. Weekly claims for U.S. jobless benefits “unexpectedly” jumped to 429,000 in the April 23 week.
Some 57 percent of registered voters said they disapproved of Obama's economic management, while only 40 percent approved. That's the lowest score of his presidency.
Thank goodness we put up $80 billion to bail out GM and Chrysler. They are now building such wonderful cars that they have achieved total dominance of the Forbes "Worst Cars on the Road" list, which we could also call the "Bottom Eleven."
A new Rasmussen Reports national telephone survey finds that 61% of Adults will attend a church service, and 44% will take part in an Easter egg hunt.
Of the six US recessions since 1970, all but the "9-11 year 2001 recession" have been linked to—of not triggered by—energy prices that crossed the 6 percent of personal consumption expenditures, he said. (During the shallow 2001 recession, energy prices had risen to about 5 percent of spending, which is higher than the long-term 4 percent share.)So it now costs me $4.00 to get my $5.00 corn flakes.
President Obama declared today's 41st annual Earth Day proof of America's ecological and conservation spirit—then completed a three-day campaign-style trip logging 10,666 miles on Air Force One, eating up some 53,300 gallons at a cost of about $180,000. And that doesn't include the fuel consumption of his helicopter, limo, or the 29 other vehicles that travel with that car.Anyone tracking algores footprint?
At the current price, the government would lose more than $11 billion, but the Obama administration is willing to accept the loss in order to cut its last ties to the auto manufacturer, the newspaper said, citing unnamed sources.Another epic failure...
"I wanted to host this breakfast for a simple reason -– because as busy as we are, as many tasks as pile up, during this season, we are reminded that there’s something about the resurrection -- something about the resurrection of our savior, Jesus Christ, that puts everything else in perspective," he said.
The president signed the legislation based on the deal he negotiated last week with House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) that cuts nearly $40 billion from the government through the end of this fiscal years and advances several policy goals.
But Obama took the key step of issuing a signing statement, a declaration of constitutional interpretation by a president of legislation he or she might sign into law. It essentially notified lawmakers that he would not abide by the section of the law defunding the establishment of so-called “czars.”Shame on you Boehner, that $hit cost the party a pile of campaign donations.....
It began with a trickle. While most conservatives initially appeared satisfied with the deal Boehner struck, a few leaders, such as Rep. Mike Pence (R-Ind.), signaled early that they might oppose the deal. Pence, for example, told Fox News he would probably vote against the budget deal, but added that Speaker Boehner “got a good deal”. A few others, like Rep. Michele Bachmann of Minnesota, flatly said they would vote against it. But most conservatives seemed, at least, grudgingly supportive.
Under the Obama tax plan, the Bush rates would be repealed for the top brackets. Yet the "cost" of extending all the Bush rates in 2011 over 10 years was about $3.7 trillion. Some $3 trillion of that was for everything but the top brackets—and Mr. Obama says he wants to extend those rates forever. According to Internal Revenue Service data, the entire taxable income of everyone earning over $100,000 in 2008 was about $1.582 trillion. Even if all these Americans—most of whom are far from wealthy—were taxed at 100%, it wouldn't cover Mr. Obama's deficit for this year.I still maintain we will not survive until 2012...Ugh.
The Treasury reported a deficit of $829 billion for the October-March period, compared with $717 billion a year earlier, as revenue rose a sluggish 6.9 percent as the economic recovery slowly gained pace.Economic recovery my a$$!
Today’s numbers reflect the lowest level of Strong Approval yet recorded for this president. There has been a sharp decline in enthusiasm among liberal voters.Lovely.
