Report: Obama Doubling Down – Will Propose Stimulus II After Labor Day

Ace, reporting on the latest grim economic news, concludes we’re in another recession – Obama’s very own recession:

I know the response is “We never left the last one,” but, again, as a technical matter (as these things are strictly defined) we did, and, as a messaging matter, it’s actually politically better for us if this is the Obama Recession, not a continuation of the Bush one.


You know, I think someone else mentioned this, but maybe I realized it. When Obama was on this supposed non-political listening tour in swing states, he actually wasn’t presenting a plan, of course.

He was promising he would have a plan.

That’s odd, isn’t it?

What kind of SCOAMF does that? Mounts a twenty car convoy in Darth Vader’s heavy-metal band side-project tour bus when he has no actual news to report, nothing new? Just the promise that in ten days or so he might (fingers crossed!) have something to say?

In case you’re wondering what a SCOAMF is (don’t click if you’re easily offended): CONTENT WARNING: > here.

Well, he has a plan, alright. The Tatler reports that Obama’s idea to “jump-start the economy” and spur jobs will be announced after labor day:

What could be his new, imaginative idea?”

Could be Stimulus II?

Yes, after the failure of the first $800 billion round of stimulus, the President’s best idea may be to recommend more stimulus spending.

Today’s Washington Post is floating a trial balloon from White House aides that report:”President Obama has decided to press Congress for a new round of stimulus spending.”  No dollar amounts were mentioned.

Yesterday during his bus tour in Atkinson, Illinois the President prepared his audience for his new economic policy, saying he would cut spending by spending more.  The two, he said, are not inconsistent. “When Congress gets back in September, my basic argument to them is this: We should not have to choose between getting our fiscal house in order and jobs and growth.”

A “new round” because the first round was such a raging success. Isn’t that wonderful? Paul Krugman always said we didn’t spend enough in the first stimulus, which is why (he says) it failed. He wants another $800 billion stimulus:

According to Paul Krugman of The New York Times, we need another $800 billion stimulus. The first one, you see, wasn’t big enough. “The stimulus right now makes almost no difference,” Krugman recently said at the World Knowledge Forum in Seoul. And for those who worry about the deficit, he had these soothing words: “What does a trillion dollars of borrowing do to the U.S. long-run fiscal position?”

As F.A. Hayek said:

A stimulus will only stimulate the deficit: Past experience with trying to fine-tune the economy shows that counter-cyclical fiscal and monetary policy can sometimes make matters much worse (as in the 1970s). Wise politicians would therefore be advised not to meddle, however much their instincts tell them to show voters they’re doing something.

Obama’s Justice Department Investigating Standard and Poor’s

 Steve Kelley cartoon via Townhall.

Obama’s slimy, corrupt DOJ is “investigating” S&P now for lowering the United States’ credit rating.

Who’s going to investigate the investigators? What country am I living in?

Via Weasel Zippers:

(NYT) — The Justice Department is investigating whether the nation’s largest credit ratings agency, Standard & Poor’s, improperly rated dozens of mortgage securities in the years leading up to the financial crisis, according to two people interviewed by the government and another briefed on such interviews.

The investigation began before Standard & Poor’s cut the United States’ AAA credit rating this month, but it is likely to add fuel to the political firestorm that has surrounded that action. Lawmakers and some administration officials have since questioned the agency’s secretive process, its credibility and the competence of its analysts, claiming to have found an error in its debt calculations.

The Kansas City Star reported:

Moody’s lists it at AAA but says its outlook is negative. And Standard & Poor’s set off a maelstrom in the stock market last week after it took its rating down to the second-highest grade, AA+, for the first time.


Moody’s assigned a negative outlook to its rating of U.S. credit on Aug. 2. Its analysts said they were uncertain how much the congressional committee would be able to cut spending.

Just as the DOJ actually promoted Gunwalker’s most culpable ATF officials in order to send an ominous message to potential ATF whistleblowers, this move is meant to send a ominous message to the other credit agencies not to cross the Obama White House.

This is just one more instance of Chicago thug politics that has come to exemplify this administration..

Video: Senator Cornyn Blasts Holder On O’Reilly; 12 Violent Crime Scenes In The US Connected To Fast and Furious

Senator John Cornyn of Texas, all but calls Eric a liar in this interview with Laura Ingraham, and  wants to see heads rolling over Fast and Furious – not promotions for the ATF officials involved:

Sharyl Attkisson of CBS News, who’s been doing some of the best reporting on this story, has new details on he thousands of weapons the ATF allowed to fall into the hands of criminals:

The Justice Department reports “Fast and Furious” guns have been recovered at 11 violent crime scenes in the United States. Those crime scenes, in addition to the murder of Border Patrol Agent Brian Terry in Dec. 2010,  puts the total number of U.S. crime scenes connected to “Fast and Furious” at 12.

The number is provided for the first time in a written response to Republicans investigating the gunwalker scandal. In the case, agents from the Bureau of Alcohol, Tobacco and Firearms (ATF) say they were ordered to allow thousands of weapons into the hands of suspected gun traffickers for Mexican drug cartels. In its letter, the Justice Department indicates it doesn’t have enough information to know how many weapons have been used in violent crimes south of the border in Mexico.

Tony Katz of PJ Media, via Sipsey Street Irregulars, castigates our  “Fourth Estate Fifth Columnists.”: Administration Kills Americans – MSM Doesn’t Care:

It has become increasingly obvious that the Justice Department, meaning Attorney General Eric Holder, and the White House, meaning President Barack Obama, were aware – in part or in full – about the plan. As others have mentioned, a second intention of this plan was to perpetuate the myth that American guns are flowing into Mexico, thus creating the violence on the border between the two countries. The idea being that Operation Fast and Furious could be used as a vehicle to institute greater gun control; which is to push forward the Progressive ideal of eliminating 2nd Amendment rights.

What has also become obvious is that the main stream media has no plans to aggressively cover this story, and by aggressively I mean at all. The New York Times, rather than report the facts of this story, (which show the President and the Attorney General as being complicit, if not advocates, in a plan to sell guns to Mexican drug cartels) writes incoherent drivel about Rep. Darrell Issa (R-CA), who sits as Chairman of the House Government Operations and Reform Committee which is investigating the Fast and Furious disaster.

This case has exposed the MSM in two horrific ways.  First, it is yet more proof that the MSM refuses to portray the Administration honestly.  Second, it shows how absolute the first point is.

Cornyn, on The Laura Ingraham Radio Show, this morning, stated again that the Justice Dept is stonewalling, and it may  take an outcry from the American public to get some answers.

He would like to see Holder in front of the Senate Judiciary Committee for a hearing, (which is led by Senator Leahy).


The Daily Caller:Holder requests Fast and Furious docs from Issa, Grassley for ‘independent’ investigation

The information comes via a letter Sen. Chuck Grassley and Rep. Darrell Issa sent to Attorney General Eric Holder on Tuesday. In it, they question a request from Holder for a transcript from a meeting they held in secret on July 4th with Ken Melson, acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Holder apparently told Issa and Grassley he was requesting the transcript for the DOJ and for the Office of the Inspector General — the entity that’s supposed to be distinct enough from Holder’s office to conduct a fair Operation Fast and Furious investigation.

Holder and other DOJ officials have repeatedly said the DOJ’s Inspector General is conducting its own internal investigation into what went wrong with Fast and Furious. Even so, Holder’s latest request on behalf of the OIG sparks skepticism from investigators in Congress.

“Since the OIG is supposed to be conducting an independent inquiry, it seems odd that the Department would make a document request on behalf of that office,” Grassley and Issa wrote to Holder on Tuesday. “We presume that if the OIG would like to make such a request, it is capable of doing so on its own initiative. However, we have not received any such request from the OIG.”

In their Tuesday letter, Grassley and Issa also ask Holder to provide complete and full answers to all of the questions they sent him on July 22. Issa and Grassley say Holder failed to do so in his most recent response.

They say “perhaps the most troubling reply” Holder gave them was that the ATF did not have detailed information available on 11 instances ATF admits being aware of that Fast and Furious weapons were recovered inside the United States in “connection with violent crimes.” (RELATED: Issa, Democrats, NLRB fight spar over oversight committee document demands)

 The only reason Holder is getting away with this, is because not enough people have heard about it to create an uproar. The American people need to wake up and start going over the heads of the MSM to find news.
Holder must go, the gunwalker “Dirty Dozen” need to be held to account, and the ATF and DOJ need a complete housecleaning and fumigation.


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Amazingly “Well Informed”, Wonkish Student Tells Obama It’s Time For The Wealthy To “Pay Their Fair Share”

Uh huh:

RealClearPolitics: Obama Calls Young Man “Well Informed” For Saying Wealthy Need To Pay Fair Share

QUESTIONER: “Hello, my name is Eric Palmer and I go to Augustana College.”

Obama: “Great school!”

QUESTIONER: “Yes, it is. First of all, I just want to let you know of one thing: I am not disappointed in you like Michele Bachmann wants everyone to believe.”

Obama: “Thank you! I appreciate that.”


The college student then goes on to ask a wonkish question about the cost of living adjustment (COLA) and being taxed past the first $107,000 you earn for Social Security.

He concludes his question with: “Can we look forward to you telling the Republicans ‘that it’s time the wealthy pay their fair share.'”

“Well, first, this is a very well informed young man here,” Obama told him.

Watch video at link.

RCP notes that Fox News reporter, Ed Henry reported that the questioner was wearing a tag that said “volunteer” on it.


Hat tip: diggrbiii on Twitter.