Forget Unemployment Obama is Giving us Stagflation

During the Jimmy Carter Administration, America endured high oil prices and long gas lines. In addition, consumer spending was stagnant and we saw higher price of goods. By definition, stagflation means an economic condition in which inflation and economic stagnation are occurring simultaneously and have remained unchecked for a significant period of time. Today, America is experiencing a Jimmy Carter's stagflation recreated by Obama.

(NewsMax) Obama's failure to support America's allies in the Middle East and his dithering endorsement of chaos in the region will send oil and gasoline prices skyrocketing, triggering a massive bout of stagflation.

Consider what he has done to push up oil and gas prices:

Endorsed spreading chaos in the Middle East.

First banned and now slowed down offshore oil drilling.

Considered curbs on fracking (horizontal drilling to unlock shale deposits in theNortheast- a potent new source of oil).

Imposed a carbon tax on domestically produced coal and oil through EPA mandate.

Proposed an end to tax advantages designed to encourage oil drilling and exploration.


Now Obama is reaping the fruits of these misguided policies — $4-per-gallon gas, soon to go up to $5 or $6!

And the fuel-price increases will take their place alongside food-price rises. Food prices for corn, soybeans, wheat, and other basic crops have almost doubled in the past year.

The combination of reduced confidence in the dollar (at home and abroad) and the rises in fuel and food prices will force up prices as costs push them higher. Already, the International Monetary Fund (IMF) has pressed for the replacement of the dollar as an international currency by "drawing rights" printed by the IMF.

With inflation, consumer demand will drop. Then, unable to recoup their costs, vendors will be forced to raise prices even higher. An inflationary psychology will take hold of the economy. Higher interest rates will be needed to break its hold, forcing us into yet another recession, this one fully courtesy of President Obama.

Like Afghanistan, Obama Now Owns the Crisis in Egypt as Well

Like the "good war" in Afghanistan, Obama now owns the crisis in Egypt as well. So far, Obama owns a horrid economy, a deflating dollar, the Gulf Oil Spill, high unemployment, wasteful spending, national debt, radical Islam uprising, and now civil unrest around the world. I think he is doing a "bang-up" good job. Don't you think? (Sarcasm)

(Yahoo) WASHINGTON – President Barack Obama on Friday welcomed the peaceful transition of power in Egypt with the resignation of longtime President Hosni Mubarak. "The people of Egypt have spoken. Their voices have been heard. And Egypt will never be the same," he declared.

In brief remarks in the Grand Foyer of the White House, the president noted that it was "not the end of Egypt's transition, it's a beginning." He said that many important questions remain to be resolved and difficult times lie ahead.

"I'm confident the people of Egypt can find the answers," Obama said. He spoke hours after Mubarak stepped aside, turning authority over to the military. It was a turnaround from the night before, when the Egyptian leader defiantly refused to give up his title.

Obama began his remarks by noting that "President Mubarak responded to the Egyptian people's hunger for change." That was the only time he mentioned the resigned president.

Obama said he is confident that a democratic Egypt can assert its role as an influential player in the Mideast and beyond.

39 percent Job Approval Rating for Obama

At least, Jimmy Carter won't be alone as the worst President to sit in the Oval Office..........

(Zogby)- President Barack Obama’s job approval rating has fallen again to 39%, equaling a low since he took office. Also, 63% of likely voters say Obama is a weak leader, compared to 19% who label him strong.

Much of the slippage in Obama’s approval rating from 42% on Dec. 1 was caused by a drop of nine percentage points among Democrats (82% to 73%). His approval also went down among independents, from 39% to 36%. Just 7% of Republicans approve. His approval was also 39% on Nov. 22.

These results are from a Zogby Interactive poll of 1,914 likely voters conducted from Dec. 8-10, 2010.

The survey also finds voters fairly split as to whether Obama has done better, worse or about the same as other presidents in keeping his campaign promises. However, only 29% rated how well he has kept his promises as excellent (4%) or good (25%). He is rated poor on this question by 42% and fair by 27%.

Jimmy Carter Says Biggest Failure was Allowing the American Hostages in Iran Remain Captive for 444 Days

Finally, Jimmy Carter realize that doing nothing to release the American hostages in Iran and allowing them to be kept captive for 444 days would piss the American people at the voting booth. Besides, he was also responsible for high taxes, stagflation, and severe gas shortage.

(Politico)- Former President Jimmy Carter says his biggest failure during his term in the White House was that he didn’t get to spend another four years there.

“I guess my biggest failure was not getting reelected,” he said in an interview with Big Think, referring to the 1980 presidential election.

Carter, 86, said the loss taught him “not to ever let American hostages be held for 444 days in a foreign country without extracting them.” He added, “I did the best I could, but I failed.”

Sen. Ted Kennedy (D-Mass.) challenged Carter in the Democratic primaries “and then that cost me a lot of votes,” the former president said.

“I should have paid more attention to the organization of the Democratic Party,” Carter said. “I was not only the leader of our nation, but I was also the leader of the Democratic Party. And I think I failed in that respect to keep the party united.”

Daily Show Jon Stewart as a Journalist is Just Plain Dumb

"Daily Show" Jon Stewart acted seriously when he debated and interviewed Obama on prime time. The show is just like the president, a comic relief. It is embarrassing for any sitting president to subject himself and lower his dignity to be on a comic show. Only Presidents Clinton and Jimmy Carter joined as a guest on the "Daily Show" and it only shows what type of degenerates would go on. There is no way the American people can look at Obama seriously now, unless he wants to be perceived as a joke, which he is doing just fine.

Read story: Jon Stewart, President Obama debate on 'The Daily Show'