Connect with us
Dow Jones down 30% since Obama elected...

archive

Obama Economics Worse than Bush

Dow Jones down 30% since Obama elected…

With the market closing below 7,000 yesterday for the first time since 1997, the market has now lost 46% of its value since Democrats took over Congress and 30% since President Barack Obama was elected.   As the markets continue to tank under the strong influence of the Obama “Chicken Little” bully pulpit, House Democrat Congressional leadership announced another slate of socialist, economy-killing legislation for consideration this week.

Sandwiched somewhere between the “Shark Conservation Act of 2009,” and the “Marine Mammal Rescue Assistance Amendments of 2009,” your United States House of Representatives this week will consider how to make you pay for McMansions for your fellow Americans who cannot afford them.  H.R. 1106, the “Helping Families Save Their Homes Act of 2009” is up for full consideration this week.  Do remember, as you work this week to pay your mortgage or your rent that Democrats in Congress are working out a way to take your money from you and pay for houses for people who should never have been given loans in the first place — and wouldn’t have been but for other socialist Democrat policies.  

Also up for consideration on Wednesday is H.R. 157, “District of Columbia House Voting Rights Act of 2009” which is yet another unconstitutional bill that would give Democrats another seat and vote in Congress.  The District of Columbia is a federal city set up purposely by our Founders so as not to provide undue influence that member of Congress would wield as the representative of the location where federal government resides.  The Constitution plainly states that “the people of the several states” elect representatives to Congress and clearly lays out the process to amend the Constitution to make the District of Columbia a state, should the people so desire.  It is not that process the Democrats are following here but yet another unconstitutional power grab.

Rep. Ellen Taucher on Monday introduced another social engineering bill in the House that would end the “Don’t Ask, Don’t Tell” policy in the military first put into place by President Bill Clinton.  The bill would allow for gays to openly serve in the military.  I asked Kevin Smith, minority leader John Boehner’s communications director, about this bill’s introduction yesterday.  Smith told me, “We are a nation at war in Iraq and Afghanistan, and yet Democrats want to pursue a highly controversial path that will create a huge disruption within the ranks of our military? House Republicans will vigorously fight this.”

The Senate began consideration this week of the $410 billion omnibus appropriations bill passed by the Democrat majority in the House last week.  From the Senate floor on Monday, minority leader Mitch McConnell (R-Ky.) spoke about this additional and massive Democrat spending bill.  “The Omnibus Appropriations bill that just arrived from the House is an important piece of legislation, but it’s not an emergency,” McConnell said.   “Congress approves this spending every year. There is no need to rush something that we do every year.  

“In fact, in January I recommended several times to the President and to Democrat leaders in Congress that we move the omnibus before the stimulus.  By determining what we would fund in an omni first, Democrat leaders would have been encouraged to be more timely, temporary, and targeted as they put together the stimulus. Instead, they reversed the order — and the result is that now we have significant double spending showing up in both the stimulus and now the omnibus.

“We have known about the Friday deadline for months, so no one should suddenly point to it now as a reason to rush $410 billion in spending. Americans are getting whiplash from all the spending we’re doing around here. We need to slow down and consider the consequence of every dollar we spend."

Written By

Connie Hair writes a weekly column for HUMAN EVENTS. She is a former speechwriter for Rep. Trent Franks (R-Ariz.).

You can also follow Connie Hair and Human Events on FACEBOOK.

Click Here to Become a Fan:

Click to comment

Leave a Reply

Your email address will not be published.

Advertisement
Advertisement

TRENDING NOW:

Connect