President Barack Obama has been signing one-year Obamacare waivers, temporarily exempting businesses that cannot afford the law’s first-year requirements. Apparently, the gourmet restaurants, trendy nightclubs and expensive hotels that populate former House Speaker Nancy Pelosi’s Northern California district are among those American businesses that cannot afford Obamacare.
On Friday, Gallup released the results of a new poll showing that a majority of Americans are against raising the debt ceiling.
Over the past several months, we have seen rioting in some Arab and European countries. The riots were sparked by the high costs of food, government austerity measures and government oppression. We have some of the same dynamic going on in the United States. But through a system of bribery, the U.S. government has succeeded, at least temporarily, in preventing Americans from rioting in the streets.
Republican Presidential hopeful Newt Gingrich has made quite a career out of talking politics since leaving Congress. But his public appearances, books and political commentaries are filled with statements that do not necessarily reflect reality. PolitiFact.com put together a long list of Gingrich’s less-than-accurate statements. For example, in a campaign announcement video released on May 11, Gingrich said, “For four years, we balanced the budget and paid off $405 billion in debt.”
The White House admitted publicly today that many still photos taken of the President giving speeches were staged. Representatives speaking on behalf of President Barack Obama said the White House will end the little-known, long-running practice of having news photographers take pictures of the President re-enacting major speeches.
At 7 a.m., Representative Ron Paul (R-Texas) announced on “Good Morning America” (GMA) his intention to run in 2012 for President of the United States. This is Paul’s third bid for the Presidency. In 1988, he ran on the Libertarian ticket, and he ran again 20 years later as a Republican. In his time in the House, Paul has established one of the most consistently conservative voting records of any Congressman.
The reported death of Osama bin Laden won’t lead to a reduction in the amount the United States government spends each year in response to the terrorist attacks that occurred on Sept. 11, 2001. According to an article on MoneyNews.com, “The financial bleeding won’t stop with bin Laden’s demise. One of every four dollars in red ink the U.S. expects to incur in the fiscal year beginning Oct. 1 will result from $285 billion in annual spending triggered by the terrorist scion of a wealthy Saudi family.”
My goodness gracious, what a week it has been for wild and wacky news stories. First, the President of the United States finally succumbed to the mounting controversy and asked the State of Hawaii to produce some evidence that he was actually born there. In fact, President Barack Obama had an aide fly from Washington to Honolulu to pick up the “Certificate of Live Birth.”
In 43 BC, warring consuls Antony, Lepidus and Octavian were duking it out with each other over control of Rome following Julius Caesar’s assassination the prior March. Each had legions at his disposal, and Rome’s terrified Senate sat on its hands waiting for the outcome. Ultimately, the three men chose to unite in what became known as the Second Triumvirate, representing the final nail in the coffin in Rome’s transition from republic to malignant autocracy.
So the economy is not exactly hitting on all cylinders of late. Unemployment hovers around the double-digit mark (the Department of Labor says 9 percent; it’s likely higher). The dollar is showing signs of losing its position in the currency market’s starting rotation (even currencies named AFTER ours — the Canadian dollar is one example — are ahead of our dollar in the batting order). And close to 15 percent of our fellow Americans receive government aid of one sort or another.