Back in March, this budget didn’t even get a single vote in the House, now it’s had the same result in the Senate — which is controlled by Democrats!
A budget resolution based on President Obama’s 2013 budget failed to get any votes in the Senate on Wednesday.
In a 99-0 vote, all of the senators present rejected the president’s blueprint.
It’s the second year in a row the Senate has voted down Obama’s budget.
Earlier today, Speaker John Boehner spoke to the Peter G. Peterson Foundation’s 2012 Fiscal Summit. Here’s a few of the highlights of his plan from the Speaker’s website, along with commentary, of course (emphasis in original):
In remarks this afternoon to the Peter G. Peterson Foundation’s Annual Fiscal Summit, House Speaker John Boehner (R-OH) will renew his commitment to the principle he set forth at the Economic Club of New York one year ago – noting that the debt limit exists to force Washington to deal with its fiscal problems, and that any increase in the nation’s debt limit must be accompanied by spending cuts and reforms larger than the amount of the debt limit hike.
Gee, and here I thought corporate jets were eeeeeeeeeeeeeeeeeeeeevil. Maybe it’s just tax cuts for corporate jets. Subsidies for corporate jets, however? Just fine, says the head of the Export-Import Bank (a federal agency).
Export-Import Bank Chairman Fred Hochberg plans to provide more financial aid to U.S. corporate jet manufacturers, branching out from a traditional support for Boeing Co. (BA) to help an industry where demand has suffered….
Ex-Im supported $90 million of corporate jet deliveries last year to customers of Textron Inc. (TXT)’s Cessna Aircraft Co, General Dynamics Corp. (GD)’s Gulfstream unit and Hawker Beechcraft Corp. Hochberg said he plans to boost the aid to $1 billion by 2014. The increased focus comes after order backlogs on corporate jets fell by more than half to $40 billion in three years.
This is why Obama is suddenly attacking Romney on his time at Bain:
A new national telephone survey finds that 51% of Likely U.S. Voters trust Romney more than Obama when it comes the economy, while 39% trust the president more. Ten percent (10%) are undecided. (To see survey question wording, click here.)
More bad news for the Obama campaign, and a good explanation of why they’re trying to talk about anything except Obama’s economic record.
Thirty-six percent (36%) of all adult consumers now believe the U.S. economy is getting better while 46% believe it is getting worse. Those results are a bit weaker than results from just before the jobs report.
Yes, you read that right…
Government Motors General Motors paid zero taxes, and because of fancy bookkeeping their tax rate was actually negative.
General Motors, in particular, paid less than zero taxes of 2011. And when the Administration brags that GM reported a $7.6 billion profit in 2011, conservatives are quick to note the profits include roughly $100 million in the form of a tax benefit document in GM’s annual report (p. 51) — and, thus, massive untaxed profits.
The outcome: GM paid a negative tax rate, around -1.5%, because of a decision allowing some of the bailout recipients, GM, AIG, and Citi, to avoid actual losses, but to still claim those losses for tax purposes.
More bad news for the Obama camp from Rasmussen:
Forty-three percent (43%) of Likely U.S. Voters consider themselves conservative when it comes to issues such as taxes, government spending and business regulation, according to a new Rasmussen Reports national telephone survey. Nearly as many (40%) say they are fiscal moderates, but just 13% call themselves fiscally liberal.
The line is probably one of the most important for Reagan’s victory over Jimmy Carter: “Are you better off now than you were four years ago?“
“Four years ago Barack Obama dazzled us in front of Greek columns with sweeping promises of hope and change,” Romney says in his remarks. “But after we came down to earth, after the celebration and parades, what do we have to show for three and a half years of President Obama?”
In an homage to the political mantra of Ronald Reagan – “Are you better off than you were four years ago?” – Romney sought to appeal to average Americans.
It’s almost like he wanted the economy to tank again… or is that still?
The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses.
After five years, the CBO says the Obama proposals would reduce economic output by between 0.5 percent and 2.2 percent.
Obamanomics at work (emphasis in original):
The Congressional Budget Office said Thursday that 45 million people in 2011 received Supplemental Nutrition Assistance Program benefits, a 70% increase from 2007. It said the number of people receiving the benefits, commonly known as food stamps, would continue growing until 2014.
At first glance, this seems to be a bit contradictory, but it does sort of make sense:
President Obama holds a thin 46 percent to 42 percent lead over former Massachusetts Gov. Mitt Romney in a Quinnipiac University national poll released Thursday, even as voters give the Republican a major edge on such key issues as the economy, jobs and gas prices.
The president has a ten-point edge with women voters, 49 percent to 39 percent. But Mr. Romney is viewed as better on a number of pocketbook issues that both sides agree could be critical come November. On the economy, according to the survey, voters rate Mr. Romney as the better candidate by 56 percent to 38 percent.
Given that this election is almost certainly going to hinge on economic issues, this poll result gives me hope:
Voters now have more confidence in presumptive Republican nominee Mitt Romney than in President Obama when it comes to the economy, but on other major issues facing the nation, the two men continue to run nearly even.
The latest Rasmussen Reports national telephone survey asks Likely U.S. Voters whom they trust more on five key issues, and when it comes to the economy, 49% say Romney versus 39% who trust the president more. Twelve percent (12%) are not sure.
Another shot fired in the Democrats’ war on women:
HILARY ROSEN: Well, first, can we just get rid of this word, “war on women”? The Obama campaign does not use it, President Obama does not use it—this is something that the Republicans are accusing people of using, but they’re actually the ones spreading it. With respect to economic issues, I think actually that Mitt Romney’s right, that ultimately, women care more about the economic well-being of their families and the like. But he doesn’t connect on that issue either. What you have is Mitt Romney running around the country saying, “Well, my wife tells me what women really care about are economic issues.” And, “When I listen to my wife, that’s what I’m hearing.” Guess what? His wife has never actually worked a day in her life. She’s never really dealt with the economic issues that a majority of the women in this country are facing—in terms of how do we feed our kids, how do we send them to school, and how do—why we worry about their future. So I think it’s, yes, it’s about these positions, and yes there will be a war of words about the positions, but there’s something much more fundamental about Mitt Romney—he just seems so old-fashioned when it comes to women, and I think that comes across, and I think that’s going to hurt him over the long term. He just doesn’t really see us as equal.
Remember when the lefties tried claiming that ObamaCare would reduce the deficit? That fiction is now being debunked.
The 2010 law does generate both savings and revenue. But much of that money will flow into the Medicare hospitalization trust fund — and, under law, the money must be used to pay years of additional benefits to those who are already insured. That means those savings would not be available to pay for expanding coverage for the uninsured.
Obama is demagoging the Ryan budget again:
Obama on the Paul Ryan budget: “We wouldn’t have the capacity to enforce the laws that protect the air we breathe, the water we drink, or the food that we eat. Cuts to the FAA would likely result in more flight cancellations, delays and the complete elimination of air traffic control services in parts of the country. Over time, our weather forecasts would become less accurate because we wouldn’t be able to afford to launch new satellites and that means governors and mayors would have to wait longer to order evacuations in the event of a hurricane. That’s just a partial sampling of the consequences of this budget.”