Obama will ask for $1.2 trillion dollar increase in the debt limit

Obama Economic Record November 2011
Obama Economic Record November 2011

From Reuters.

Excerpt:

The White House plans to ask Congress by the end of the week for an increase in the government’s debt ceiling… according to a senior Treasury Department official on Tuesday.

The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013.

The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.

[…]The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.

And yet some people apparently think that he is doing a good job with the economy.

Perhaps this story provides a clue about why things have gone so badly:

After an hour of hiking, President Obama Monday got down to the serious business at hand, heading out to golf for the second day in his first three days of vacation. He was back on the course at Marine Corps Base Hawaii.

With this one, Obama reaches a new milestone, having gone golfing 90 times in less than three years as president. That’s about three months of golf, given that the excursions generally take about five hours – much of the useful portion of the day.

What’s more, it’s the 32nd time he’s been on the links this year, a record for the president. His 32 outings eclipses the 2010 mark of 30 and is far ahead of his 2009 tally of 28 rounds as president.

And remember, there are still five days left in the year for Obama to pad his new record, which he almost certainly will.

Along for Monday’s round were three of Obama’s Hawaii friends, Mike Ramos, Greg Orme and Bobby Titcomb. The latter, you may remember, was arrested in April in a prostitution sting.

It’s the children who are going to be paying for Obama’s spending spree. Remember, the last Republican budget was in 2007 – and the deficit then was $160 billion. Then the Democrats took over the House and the Senate and the deficit rose dramatically and is not going down in the near future.

Christmas not so merry for Christians living under Islamic rule

I found that video on Right Scoop via Director Blue.

Gates of Vienna has more news coverage, and they are claiming that the death toll in Nigeria is at least 60 people from 5 separate bombings.

Here’s a longer essay about the problem from Dave Warren. (H/T ECM)

Excerpt:

The “Arab Spring,” which was welcomed this year as an expression of “democracy” by the West’s political, media, and chattering classes, has brought social convulsion to one Arab state after another. Against the background of what is to my view instead a large catastrophe, Christian communities that have existed in each state since centuries before the arrival of Islam, are being eliminated.

…[W]ith the Americans gone, Iraq now slips the rest of the way off the world media map. It may crawl back on with full-scale civil war. And perhaps, eventually, notice will be taken that Iran’s revolutionary regime, already represented within Maliki’s entourage, is using the disorder to attach Iraq as a satellite. This is not something even Shia Iraqis could want; but they will have it as a consequence of disintegrative war between Sunni and Shia, Arab and Kurd, abetted by an utterly corrupt and dysfunctional “democratic” political class.

Meanwhile, tonight’s Midnight Mass has been cancelled, so far as I can see through the Internet, at Christian churches throughout the country. Estimates of the number of Christians who have fled Iraq now approach or exceed one million; and the reason for their leaving may be read in graffiti sprayed over their empty and assaulted churches. This persistently reminds worshippers of past massacres, and promises they will be next.

The collapse of once-peaceful Egypt into disorder has had similar effects, as the old secular military establishment bids to retain some semblance of its former power and pomposity, while the Islamist parties sweep parliamentary elections.

In the first moments of Egypt’s “Arab Spring,” triggered by the country’s relatively tiny and secular middle class, Coptic Christians were already feeling the rise in heat. But there were several fine displays of solidarity, in which leading Muslims attended church services in defiance of Islamist terror threats.

As ever, in revolutionary situations, the heroic phase ended quickly. We’re advancing now through the squalid phases. For the safety of their parishioners, night church services are already switched to broad daylight, and as in Iraq, there are ever-more-cumbersome security measures to pass through, to get into a church at all.

Nothing can be done, or more certainly, nothing will be done by our own “progressive” governing classes, even to anticipate the coming fallout.

Something to keep in your prayers. And when you get the chance to vote, keep in mind Christians living in other countries where there is no religious liberty. I find it interesting to note that the two situations Warren raised have different solutions. In Iraq, the right thing to do was to keep our forces in there to stabilize the region. In Egypt, the solution was not to get involved at all.

WaPo: Obama’s energy policies “infused with politics at every level”

From Hans Bader.

Excerpt: (with the links removed)

Even the liberal Washington Post, which hasn’t endorsed a Republican for President since 1952, seems to be souring on the Obama Administration’s failed energy programs, saying they were “infused with politics at every level.” As it noted in discussing the Solyndra scandal: “Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials. The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra,” which was owned by major Obama backers, like George Kaiser.

As law professor Glenn Harlan Reynolds notes, “all the ‘stimulus’ and ‘green energy’ stuff was never anything but a program to put taxpayer money into the hands of cronies and supporters.”

The Obama Administration hastily approved the  taxpayer subsidies for Solyndra despite obvious danger signs and warnings from accountants about the company’s likely collapse, themisgivings of agency officials, and the company’s mismanagement and lousy-quality products. (Solyndra executives are now pleading the 5th Amendment to avoid disclosing incriminating information.) The Obama administration was determined to shovel taxpayer money to its cronies as fast as it could. As an Obama fundraiser and Solyndra stakeholder exulted,  “there’s never been more money shoved out of the government’s door in world history and probably never will be again than in the last few months and the next 18 months. And our selfish parochial goal is to get as much of it . . . as we possibly can.”  “At the time Solyndra received its grant, Vice President Joe Biden declared that the Solyndra investment is ‘exactly what the [the stimulus package] is all about.’”

While diverting taxpayer money away from productive and efficient businesses to corporate-welfare recipients controlled by political cronies, the Obama Administration is busy wiping out jobs through thousands of pages of counterproductive regulations.  Some of these new regulations are designed to spawn lawsuits that will enrich trial lawyers at businesses’  and consumers’ expense.

Here’s an excerpt from the Washington Post piece he linked:

Since the failure of the company, Obama’s entire $80 billion clean-technology program has begun to look like a political liability for an administration about to enter a bruising reelection campaign.

Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level, The Washington Post found in an analysis of thousands of memos, company records and internal ­e-mails. Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials.

The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra.

The documents reviewed by The Post, which began examining the clean-technology program a year ago, provide a detailed look inside the day-to-day workings of the upper levels of the Obama administration. They also give an unprecedented glimpse into high-level maneuvering by politically connected clean-technology investors.

They show that as Solyndra tottered, officials discussed the political fallout from its troubles, the “optics” in Washington and the impact that the company’s failure could have on the president’s prospects for a second term. Rarely, if ever, was there discussion of the impact that Solyndra’s collapse would have on laid-off workers or on the development of clean-
energy technology.

“What’s so troubling is that politics seems to be the dominant factor,” said Ryan Alexander, president of Taxpayers for Common Sense, a nonpartisan watchdog group. “They’re not talking about what the taxpayers are losing; they’re not talking about the failure of the technology, whether we bet on the wrong horse. What they are talking about is ‘How are we going to manage this politically?’ ”

The administration, which excluded lobbyists from policy-making positions, gave easy access to venture capitalists with stakes in some of the companies backed by the administration, the records show. Many of those investors had given to Obama’s 2008 campaign. Some took jobs in the administration and helped manage the clean-energy program.

Documents show that senior officials pushed career bureaucrats to rush their decision on the loan so Vice President Biden could announce it during a trip to California. The records do not establish that anyone pressured the Energy Department to approve the Solyndra loan to benefit political contributors, but they suggest that there was an unwavering focus on promoting Solyndra and clean energy. Officials with the company and the administration have said that nothing untoward occurred and that the loan was granted on its merits.

I am really surprised to see such a strongly-worded denunciation of Obama’s energy policies in a liberal newspaper.

Take a look at the rest of Hans’ post where he talks about the effects of environmental regulations on job creation and the stimulus’ effect on long-term economic growth. Basically, the only thing that Obama did right in 3 years was sign those free trade deals – and he sat on those for two years so as not to anger his union buddies.  The rest has been a disaster from start to finish.