Wednesday, June 19, 2013

BloggeRhythms 6/19/2013

A few days ago I mentioned the incumbent's upcoming family jaunt to Africa, and how frivolous and selfish the $100 million expenditure appears. Especially when the nation’s debt’s $17 trillion dollars and sequester spending cuts have been purposely selected by the administration that will inflict the most pain on the public.

Then this morning, FoxNews.com quoted Representative. George Holding, North Carolina Republican as saying: “For the cost of this trip to Africa, you could have 1,350 weeks of White House tours. It is no secret that we need to rein in government spending, and the Obama administration has regularly and repeatedly shown a lack of judgment for when and where to make cuts. … The American people have had enough of the frivolous and careless spending.” 
 
In the same vein of senseless fiscal management and blatant misuse of taxpayer’s money, Stephen Ohlemacher of myway on-line wrote about Senator Chuck Grassley of Iowa’s comment that "The IRS always claims to be short on resources. But it appears to have $70 million for union bonuses. And it appears to be making an extra effort to give the bonuses despite opportunities to renegotiate with the union and federal instruction to cease discretionary bonuses during sequestration. 
 
The IRS said it is negotiating with the union over the matter but did not dispute Grassley's claim that the bonuses are imminent.” 
 
So, here we have two overwhelming proofs of the old adage about government carelessly spending other people’s money, which has reached new all-time levels of gross mismanagement under the current administration. 
 
Then, on another aspect of the topic, two guests appeared on CNBC’s Squawk Box, also this morning. 
 
Guest host Ken Langone, venture capitalist, investment banker and financial backer of The Home Depot, and a former director of the New York Stock Exchange interviewed Martin Feldstein. “Marty’s”  an economist and the George F. Baker Professor of Economics at Harvard University. He’s also president emeritus of the National Bureau of Economic Research and served as Chairman of the Council of Economic Advisers and Chief Economic Advisor to President Ronald Reagan. 
 
Both men feel that Federal Reserve Chairman, Ben Bernanke, has done a marvelous job helping guide the economy through the harsh  times of the past eight years. Originally appointed by ‘W” Bush, Mr. Bernanke’s apparently going to leave in January and return to Princeton University. 
 
In discussing the matter, trying to be polite, both Feldman and Langone were clearly upset and disgusted with the way the incumbent introduced the subject of the chairman’s upcoming departure. Because instead of giving the financial wizard the full credit deserved, he took a considerable amount for himself.
 
Therefore, what this demonstrates is that instead of showing appreciation for a job superbly done, the incumbent’s self-aggrandizement takes precedent once again. On the other hand, though, experts who really do understand where the accolades belong clearly demonstrated their knowledge of Chairman Bernanke’s accomplishments.
 
So, this is just one more case of the incumbent misleading the public, choosing undeserved self-praise instead of recognizing other’s achievements and putting politics and unearned successes to his "legacy" above all else.
 
However, the incumbent’s made so many poor decisions to date, while disrespecting or harming so many others, that it’s likely the cause of the rapid drop in his approval rating which according to Rasmussen’s daily poll shows that "48% of likely U.S. voters approve of President Obama's job performance. while 52% now disapprove."
 
Rasmussen’s numbers also indicate that "25% Strongly Approve of the way Obama is performing as president and 40% Strongly Disapprove.” So, I guess, it looks like voters are finally getting fed up and facing the truth about the two-bit phony in the custom-tailored suit.
 
That's it for today folks.

Adios

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