What’s New Today
Story # 1 and #2 are both signs of desperation. #3 looks at human failings finding 5. #4 lists the top 10 facts about the US economy that Obama doesn’t want you to know. Within this article is a link to another 60.
"This is part of a tidal wave that began in 2010 and that tidal wave is only stronger in 2012," Ted Cruz told Fox News's Chris Wallace Sunday morning. "Those protests died down. I think the reason is the Tea Party went to work."
“The cult of youth politics in this country, generally speaking from the left, is that young people simply because the are eager and they are passionate they must also be right. That is not a democratic understanding of politics. That is not a civilized understanding of politics. Barbarians are enthusiastic and excited.” Jonah Goldberg
The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first less of economics.” Thomas Sowell
1. Signs of Desperation
There's a pretty straightforward answer to this question. Obama isn't lifting a finger to put an end to this slanderous side-show because his campaign specifically gave Reid the green light to launch these baseless attacks. Politico reports:
The ruthless Senate majority leader sees political gold in his attack on Romney — and he’s got the blessing from President Barack Obama’s campaign for the attack, even if he lacks evidence on Romney’s failure to pay taxes. Reid has calculated that the frenzy created by his charge has accomplished exactly what he sought to do: Turn the focus back onto the GOP nominee’s unreleased tax returns, according to several people close to the leader and the campaign. For Reid, he’s got virtually nothing to lose: His approval ratings back home are still upside-down, and he may not even run for reelection when he’s up for a sixth term in 2016. On top of that, his aides say, Reid genuinely believes his source...
As far as Reid and Obama are concerned, the more we're discussing this foundationless rumor, the less we're discussing the president's egregious record of economic failure. Three quick points:
(1) Even if Reid has special "source" inside Bain, which I sincerely doubt, said informant would have no access to Romney's personal tax returns.
(2) A former McCain aide who vetted Romney as a potential Vice Presidential pick in 2008 has reviewed many years of the current presumptive nominee's tax returns. He says everything was totally in order, and if anything, Mitt overpaid.
(3) Here's a quote from a "top Reid confidant," explaining Democrats' thinking on this smear campaign:
“What Republicans don’t get is the more they fire back at Reid, the more he will fight, and in the end, what will the topic be? Romney and his taxes.”…
Truth doesn’t matter when you are desperate. Just another sign of how bankrupt the Obama campaign is.
2. Signs of Desperation part 2
…Mr. Obama’s cash needs — he spent $70.8 million in June alone, more than half on advertising and far more than he raised — have brought new urgency to his campaign’s fund-raising efforts. His advisers have had to schedule more fund-raising trips than originally planned to big-money states like New York, according to donors involved in the effort. The super PAC supporting his campaign, Priorities USA Action, is enlisting former President Bill Clinton as a rainmaker, hoping to counter its conservative counterparts.
While Mr. Obama will also have access to general election money in September, he is unlikely to have the same spending advantage over Mr. Romney as he had during the primary season, when Mr. Romney spent much of his money battling Republican rivals.
And with August a traditionally slow month for fund-raising, Mr. Obama has bombarded his supporters in recent weeks with increasingly urgent pleas for money, mindful that he will need to drastically raise his cash intake in the coming months merely to equal his record-breaking haul from 2008.
“My upcoming birthday next week could be the last one I celebrate as president of the United States, but that’s not up to me — it’s up to you,” Mr. Obama wrote last week as the campaign’s latest fund-raising deadline and his Aug. 4 birthday approached. “This July deadline is our most urgent yet, coming after two consecutive months of being significantly outraised by Romney and the Republicans.”
Mr. Obama’s heavy expenditures — and his campaign’s pressure on bundlers to find and groom new donors — have stirred worries among other Democrats, who have long taken Mr. Obama’s financial supremacy for granted.
“There is a lot of worry that Romney’s folks are raising so much more,” said one of Mr. Obama’s top fund-raisers, who did not want to be identified as discussing internal campaign business. “I just don’t think there’s a lot of high-dollar money left on the table.”
In fact, Republicans insist that Mr. Obama will rue his spending...
So for today we see the Democrats relying on lying with Harry Reid and apoplectic about money with Obama. Add to this polls that have Obama ahead being grossly biased with Democratic voters (one had Obama ahead by 10 points only to find it had 19% more democrats than republicans) and it is easy to see the cause of their desperation.
3. 5 Logical Fallacies that make you wrong more than you think
#5. We're Not Programmed to Seek "Truth," We're Programmed to "Win"…
#4. Our Brains Don't Understand Probability …
#3. We Think Everyone's Out to Get Us…
#2. We're Hard-Wired to Have a Double Standard…
#1. Facts Don't Change Our Minds…
An interesting article that may explain why there is so much discord in the country. I find that liberals are especially susceptible to #1. I recommend you click the link and read the whole thing.
4. Top Ten Facts about the US Economy
A stunning collection of 70 facts about the U.S. economy just posted on the web is probably not going to make it into the next campaign ad from the folks at Obama for America. However, you might want to read it.
TheBlaze has culled 10 from the list of 70 here:
- The price of gas – When Obama took office, a gallon of gas cost you $1.85. Today, it’s up to $3.59 per gallon (July’s rise was 17 cents a gallon).
- 71% of small business owners believe we’re still in a recession — Despite government claims that the recession actually ended years ago, a majority of small business owners feel very differently.
- You have to work 107 days each year just to pay Federal, State, & Local taxes – That means you don’t earn a penny until April 18th.
- More than 30% of unemployed Americans have been out of work for more than a year – In 2007, that number was 10%.
- Low income America – According to NBC News, virtually half of all Americans are considered to be “low income” or living in poverty.
- Propping up the economy by monetizing our massive debt — In 2008, the Federal Reserve bought “negligible” amounts of our debt, last year the Fed purchased 61% of the government debt issued by the Treasury Dept.
- Speaking of “no faith in the US Dollar” – The price of gold when Obama was inaugurated, $850 an ounce. Today, gold is over $1500.
- The disappearing family farm – In the mid-1930s, America had an estimated 6.8 million farms. Today, the EPA estimates that number to be right around two million (and getting squeezed more and more by constricting regulation).
- Another (bad) trade record set with China – In 2011, our trade deficit with China was almost $300 billion dollars. That is the single highest deficit that one country has had with another… ever.
- A stunning amount spent on stupid studies like Why do chimps throw their poop? – Almost $600,000 of your tax dollars was sent to the folks who studied chimpanzee poop tossing, plus $198,195 paid to find out if “tweeting” makes people happy…
The economy is a mess and while Obama talks about not going back to the failed policies of the past, it appears he wants us to continue the fail policies of the present.