Obama is a Miracle Man, a Miracle...

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Note: These are actual numbers.

The One accomplished in 22 months what it took Bush the Chimp eight years. Less than two years from his immaculation, President Obama has created more debt than BusHitler's entire two terms. And, we have another six years to go!!!

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/11/30	$ 290,826
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 2,604,810

He did it with Elan...

With Gusto...

Proud...


And, just think Libs, he could be around for another 74 months. Imagine the greatness.

He could even exceed Jimmy Carter...

Obama's Economic Miracle - FY2010

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Note: These are actual numbers.

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/09/30	$ 1,294,204
2003/09/30	$ 374,219			2011/09/30
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 2,313,984

As of the completion of FY2010 (just 20 months into Obama's Presidency) 'The One' is just $158 Billion away from BusHitlers 96 months of unforgivable deficit.

I have confidence.

It will be a stretch, but he should accomplish this feat in less than 1/2 of his first term.

Truely amazing...

The United Nations...

Re(1): 'A Second Point of View', The Belmont Club, John Fernandez (Wretchard)

When the 'United Nations' had teeth of steel and skin of armour...

It is truly amazing to hear the term 'United Nations' describing a victorious war machine forcing the surrender of a warrior culture.

Today the 'United Nations' is a toothless hag trying to capture the carbon footprint of warships built and sunk during that 'pointless' war.

Oh well...

He Gave it 'The College Try!'

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Note: These are actual numbers.

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/08/31	$ 1,294,090
2003/09/30	$ 374,219			2011/09/30
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 2,313,870

Probably missed his milestone by just a month!

How could Congress get wiped out when they were so close!!

Only $158 Billion till President Obama equals BusHitlers eight years of effort!!!

He's Going to Do It!!!

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Note: These are actual numbers.

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/08/31	$ 1,259,597
2003/09/30	$ 374,219			2011/09/30
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 2,279,377

Can President Obama do the impossible!!!

He has just one month to spend $192,681 Billion more than his administration brings in. And, he is hampered by the fact that September is normally a revenue month.

It will take 'The Black Swan Event' (President Obama) 21 or 22 months to accomplish what it took the Chimp (President Bush) 96 months to accomplish.

The era of fiscal responsability is here!!!

LibTard Ideas and Ideology Aren’t Bad, But Morons Implement Them...

LibTard Ideas and Ideology Aren’t Bad,

Its just that we always have incompetent boobs implementing them…

Now comes the very predictable recriminations from the ideological Left:

• 1938 In 2010, NYT, Paul Krugman
• One Nation, Two Deficits, NYT, Peter Orszag
• Obama's Foreign Policy Has Failed, The Daily Beast, Peter Beinart
• Democrats Fleeing Obamacare, The Weekly Standard, Jeffery H. Anderson
• Right Response to Unemployment Is Smart Stimulus Spending, The Nation, John Nichols

And, that's not all. However, I only have 30 seconds to sell you the Clapper, Ginsu Knives, and two days of Liberals blaming Obama for the failures of their ideology. All this for three low, low payments of $19.99.

In summary:
LibTards always have faith in socialist ideals, but those ideas always seem to have dipshits implementing them.

That is why they fail.

Every time.

Yup

The Grandson of Porkulus

Re(1): 'Obama wants $50 billion to beef up infrastructure 'as soon as possible'', The Hill, Darren Goode and Bridget Johnson
Re(2): 'Obama to propose $50 billion in infrastructure spending for stimulus', Hot Air, Ed Morrissey

To allow we Americans to blissfully avoid the coming debt repayment crunch our glorious Baby Boomers have inflicted upon us, our Fearless Baby Boom Leader proposes another splurge of infrastructure spending.

He wants to borrow $50 Billion to cover additional shovel ready infrastructure projects.

Just 18 months ago he pushed through $787 Billion in borrowed Porkulus spending – which he promised toward infrastructure shovel ready projects.

After his Democratic Congress got through with it there was about $105 Billion committed to ‘infrastructure’. Actually, not even that:

“The original Porkulus had $105 billion in so-called “infrastructure investments,” and none of it produced any economic growth. Transportation accounted for $48 billion; energy infrastructure and R&D got the same amount of money. Housing got $10 billion.”

So, the “Black Swan Event” President has just found another dump load of shovel ready Porkulus. A new and bold approach to solving our economic problems. Straight out of the 1930s. And, if I may comment, how many workers does an infrastructure project require. Answer: far fewer than required in the 1930s. What a goober.

My statement to the “Black Swan”:

I don't want this guy - or this Congress - touching another borrowed dollar.

The Era of Fiscal Responsibility!!!

Re(1): 'Monthly Treasury Statement', The U.S. Department of Treasury

Note: These are actual numbers.

President Bush				President Obama
Year	Deficit			Year	Deficit
2001/02/01 - 2001/09/30	$ -53,129			2009/02/01 - 2009/09/30	$ 1,019,780
2002/09/30	$ 158,520			2010/07/30	$ 1,169,071
2003/09/30	$ 374,219			2011/09/30
2004/09/30	$ 412,553			2012/09/30
2005/09/30	$ 318,615			2013/09/30
2006/09/30	$ 247,698			2014/09/30
2007/09/30	$ 162,833			2015/09/30
2008/09/30	$ 454,806			2016/09/30
2008/10/01 - 2009/02/01	$ 395,943			2016/10/01 - 2017/02/01
Totals:	$ 2,472,058			Totals:	$ 2,188,851

August is normally a deficit month. The normal deficit for August is somewhere around $70 Billion (inflation adjusted). My guess is that our fiscally responsible President and his Congress will dramatically 'improve' on that normal - making it 'The New Normal'...

Where does that leave our Responsible President and Congress?

With a deficit of a mere 283,207 Billion for the month of August they will match in 19 months what took that piker Bush 96 months.

Amazing!!!

That is Change We Can Believe In!!!

See those specks, up in the air, a Black Swan?

Re(1): 'Fire and Ice', The Belmont Club, Wretchard
Re(2): 'Engagement Queue', The Belmont Club, Wretchard

There is a difference between Risk and Uncertainty...

University of Chicago Professor Frank Knight described the distinction between risk and uncertainty in these words. “Uncertainty must be taken in a sense radically distinct from the familiar notion of Risk, from which it has never been properly separated…. The essential fact is that ‘risk’ means in some cases a quantity susceptible of measurement, while at other times it is something distinctly not of this character … It will appear that a measurable uncertainty, or ‘risk’ proper, as we shall use the term, is so far different from an unmeasurable one that it is not in effect an uncertainty at all.” In other words, Knight wanted to differentiate between risks we could measure and those which we could not estimate. Donald Rumsfeld conveyed the same idea much more eloquently and comprehensively.

As we know,
There are known knowns.
There are things we know we know.
We also know there are known unknowns.
That is to say, we know there are some things we do not know.
But there are also unknown unknowns, the ones we don’t know we don’t know.

The Black Swan event is not a risk, it is an unmeasurable uncertainty. We have lived through a few Black Swans in the last decade. This stock market - which actually feels rather like a standard growth market - is with high probability measurable, and thus has risk. We may get a 10% contraction - a correction - but, that is normal and measurable and acceptable. A market move like that is NOT uncertain. It will happen. It is not the Black Swan of new crash.The Black Swan event that is setting up will be the 'leaker' that gets through the defense. I don't think the next Black Swan will be the same one we just saw. We have multiple inbounds, multiple adversaries, and discordant directors. As Wretchard states:

Yet with events coming at a fast and furious pace it will always be problematic whether the response will be quick enough; or whether a “leaker” will get through to change the game even faster than is happening now. Emergence tends to throw curve balls. They also tend to speed up the ball-throwing machine. In some things people must trust to luck, not just to avoid dangers but to seize opportunities.

But luck favors the ready.

Things seem to be moving rapidly.

Keep your head on a swivel.

Look, talk on defense.

Be ready...

Looking Forward to 2011 Already...

The evil BusHitler's great tax giveaway to the corpulant wealthy of Nazi America is about to sunset...

On this very day next year the pathetic slugs that stole so much over the past decade will be taxed at the same rates as they were during 'The One' administration prior to "The One's administration". Here is a comparison for folks filing as Married Filing Jointly:

I know this looks like everybody is getting jobbed, but that just ain't so. Those rich bastards (and their families) making a hundred G's will get whacked for $3,464 more per year. So what if you get knocked up for an additional $2,560 a year. You can handle it. It's just $215 less take home pay for the month. What is that - gas, electricity, food. Just cut the fat and enjoy the schadenfreude.

This example of justice is inflation adjusted (uses 2009 dollars), uses the 2009 tax schedule, and uses a 2000 inflation adjusted tax schedule to demonstrate this power to the people moment.

And, lookie here everybody.

That Moronic BushChimp sunsetted his tax giveaway just after folks vote in November 2010. Just after the vote. Nobody will be talking about it before it happens. And, nobody will be adjusting their taxable income either till after it hits em.

What a waste of air!!

What an idiot!!!

Chimp!!!