Thursday, May 04, 2006

President Bush's Veto Threat

Today, the Senate passed a spending bill totaling $109 billion. The vote was 77-21, with all 21 in opposition being Republicans. This bill was much larger than the President wanted, and so today, he issued a veto threat.

From FOX News:

"In a unique agreement with the White House, Senate Majority Leader Bill Frist, R-Tenn., struck a deal whereby Bush would issue the veto threat as long as Frist agreed to collect the signatures of 35 senators agreeing to sustain the veto. Frist last week announced he had the signatures. It takes 67 of the body's 100 senators to overturn a veto."

There were so many "pet projects" added to this bill it is insane! All our politicians want to do is spend spend spend! Some politicians wanted $15 million dollars for a seafood marketing campaign!

On Wednesday, Sen. Ted Kennedy, D-Mass., put forward and the Senate passed an amendment adding $289 million to compensate first responders for complications that arise from taking an experimental flu vaccine.

What in the hell? This is supposed to be an emergency spending bill, not a bill in which you can attach all your little goodies to. I'm glad the President is going to veto if it lands on his desk in the present form.

Saturday, April 29, 2006

White House Correspondents Association Dinner

Tonight is the big night. Tonight, marks the annual White House Correspondents Association Dinner. The President will appear, and I am really looking forward to this. This is one of the few times that we will get to see the President really let loose and show his sense of humor, even though he does manage to add some laughter into most of his speeches. The White House Correspondents Dinner airs tonight on C-SPAN @ 8 p.m. ET. I encourage you all to tune in, it'll be fun to watch. I mean, why wouldn't you, Valerie Plame is going to be there!

Friday, April 28, 2006

In the Spotlight: The U.S. Economy

Addressing the press, President George W. Bush stands with Ed Lazear of the Council of Economic Advisors, left, and Al Hubbard of the National Economic Council, in the Rose Garden Friday, April 28, 2006. "I'm joined with my two top White House economic advisors. The reason why is because we've had some very positive economic news today: the Commerce Department announced that our economy grew at an impressive 4.8 percent annual rate in the first quarter of this year. That's the fastest rate since 2003," said President Bush. "This rapid growth is another sign that our economy is on a fast track." White House photo by Eric Draper The good news comes on the heels of two other important economic indicators reported earlier this week: new home sales surged forward by nearly 14 percent last month; consumer confidence reached its highest level since May of 2002. This confidence is largely driven by the many jobs being created in our country -- 5.1 million since August of 2003."

-President George W. Bush 4/28/06

I thought I'd bring the good news in our President's own words first. I'm gonna rattle off some stats from government entities and other organizations just to show you how good our economy actually is. (Courtesy of the GOP)

-In The Past Year, The Number Of First-Time Jobless Claims Has Fallen 6.5% While The Number Of Continuing Claims Is Down 8%. ("Initial Jobless Claims Rise 11,000 To 315,000," MarketWatch, 4/27/06)

-Business Investment Increased 14.3%, The Fastest Pace In 6 Years, While Consumer Spending Grew 5.5%, The Fastest Pace In 3 Years. ("U.S. GDP Rises 4.8% In First Quarter," MarketWatch, 4/28/06)

-The Economy Has Grown For 18 Straight Quarters. (Bureau Of Economic Analysis,, Accessed 4/28/06)

-The Number Of Hispanic-Owned Businesses Increased 31%, Three Times The National Rate. ("Black-Owned Businesses Grow At Four Times The National Rate For All Businesses," The Associated Press, 4/18/06)

-Jobs Were Created In 48 States Between Mar. 2005 And Mar. 2006, While Jobless Rates Were Down In 43 States. (Bureau Of Labor Statistics, Press Release, 4/21/06)

-State And Local Government Borrowing Is Down 29% In The First 3 Months Of 2006 From Last Year, The First Time In 4 Years Borrowing Has Fallen. ("States' New Debt Down For First Time Since '02," USA Today, 4/18/06)

-State And Local Tax Receipts Increased 10.2% In 2005. ("States' New Debt Down For First Time Since '02," USA Today, 4/18/06)

-The Conference Board's Index Of Consumer Confidence Increased 2.1 Points To 109.6 In April. ("U.S. Confidence Hits 4-Yr High In April," MarketWatch, 4/25/06)

-The Index Was At The Highest Level Since May 2002. ("U.S. April Consumer Confidence Unexpectedly Rises," Bloomberg, 4/25/06)

-Sales Of New Homes Increased 13.8% In March To The Highest Level This Year. ("Stunning 13.8% Increase In New Home Sales," MarketWatch, 4/26/06)

-Orders For Durable Goods Increased 6.1% In March, The Best Increase Since May 2005 And Far Exceeding Expectations. ("Durable Goods Orders Soar 6.1% In March," MarketWatch, 4/26/06)

Face it liberals, we have a fantastic economy, despite high energy prices and natural disasters and war, we are expanding, and that truly shows the strength of the U.S. economy. Thank you President Bush for the tax cuts, keep pushing to make them permanent.

Once again, President Bush is demonstrating his strong leadership ability. This stimulus package is just the type of measure this economy needs to get back on track. Just upon hearing about it the markets have reacted wildly in response. Imagine how it'll be when it's enacted."
(Horace Cooper, Centre for New Black Leadership)

Bush Economy Quotes
"Economy Talk"

Thursday, April 27, 2006

Quote of the Week: Benjamin Franklin

"All the constitution guarantees is the pursuit of happiness. You have to catch up with it by yourself."

- Benjamin Franklin

I wish liberals knew their history a little bit better.

Wednesday, April 26, 2006

Press Secretary Tony Snow

I was extremely excited and pleased with the recent news that FOX News Channel's Tony Snow will become the President's new Press Secretary. This was a great move for the President and I think Tony will do a tremendous job as the President's spokesman. When Snow took the podium this morning, he had poise and confidence, and he is going to do a much better job with the bleeding heart liberals in the press corps than Scott McClellan did. I think Scott was too soft and lacked the ability to present the President in a positive light. Tony Snow will bring transparency to this Administration and he will be the new face for last 3 years of the George W. Bush Presidency.

Tony already knows most of you, and he's agreed to take the job anyway. (Laughter.)

-President Bush

Thursday, April 20, 2006

In the Spotlight: The Hotly Contested Bullish U.S. Economy

Liberals really hate to see a good economy when a Republican President is in office. When people are polled about the economy, they usually say that it's okay, or not that great. But when they're asked how well they themselves are doing, they say they are doing good or great. I mean come on here people, President Bush's tax cuts have really stimulated our economic growth. In fact, it is the root cause of this awesome growth. We've had 31 straight months of job gains, 5.1 million new jobs. 48 states have seen jobless claims decrease. Newsmax reports a sharp decrease in jobless claims.The unemployment rate is now lower than the averages of the 60s, 70s, 80s, and 90s. GDP growth is strong, it has been growing at 3.5% or better in the past 17 months. Consumer spending is strong! Manufacturing production is increasing steadily! Inflation is being maintained! The deficit is on track to be cut in half by 2009! OUR ECONOMY IS STRONG!

Now, what is the overarching problem of all of this good news? GAS PRICES. People look at high gas prices and say, "Our economy must be bad." And who do they blame that on? President Bush. Rightfully so? NO! President Bush can do next to nothing about gas prices. Who takes advantage of high gas prices? Democrats. They blame the President when they should blame themselves. I have one acronym to explain why: ANWR. Newsmax is reporting that gas prices are expected to bust this summer! Oil prices are being manipulated, and it's not going to last for long.

From Newsmax:

We feel that oil prices will continue to dramatically fall in the next 12 months to $40 a barrel!

That's the prediction of Financial Intelligence Report. You may know that NewsMax also publishes Financial Intelligence Report, a financial monthly for investors.

Financial Intelligence Report has made very accurate predictions. In April of 2004, Financial Intelligence Report revealed that oil prices would skyrocket from $29 per barrel to over $60 within 12 months.

As you know, that advice was dead on. Using our advice, our readers reaped huge financial rewards.

Our readers now include more than 10,000 millionaires who use Financial Intelligence Report as a resource each month.

Our FIR subscribers have made big profits over the past year since we first predicted oil was going to $60 a barrel. We have made a killing in stocks like +207% in Diamond Offshore Drilling, +139% in Devon Energy, +105% in Oil Service Holders Trust, and 89% in Vanguard Energy Fund just to name a few. In fact, all 19 of the energy recommendations we closed out of in the past year were profitable.

But now Financial Intelligence Report has issued a serious warning for investors who are betting on oil, gas and other energy stocks.

Oil appears to be stuck at the $60-65 price per barrel. But not for long! We believe a major price decline is already in the works.

Just in time for Republicans to capitalize for the mid-term elections. The economy is good. I'm happy. I like tax cuts. I don't like Democrats who want to take my money for worthless programs. Thank you President Bush.

Hot News on Economy

Wednesday, April 19, 2006

Breaking News: Scott McClellan Resigns

White House Press Secretary Scott McClellan has resigned after 2 and a half years on the job. Just yesterday, Scott refused to speculate, but we now know. Possible candidates to fill his position are Fox News Radio host Tony Snow, Victoria Clark, the former Pentagon spokeswoman, and Dan Senor, the former Coalition Provisional Authority spokesman in Iraq.

I'm pulling for Tony Snow, I love that guy and I think he'd be great in the position.

*** More Breaking News ***

President Bush boarded Marine One at approx. 9:45am ET only to get off the chopper due to mechanical difficulties. He shook spectators hands, and had a little extra time for some photo opportunities with citizens. He was scheduled to fly to Alabama this morning for a Business Competitiveness round table, but today, he'll be a little late.