I addressed the issue of change in this election cycle in an earlier blog. Here, I would like to make the following observations about the changes already brought about by Obama and the Reed/ Palosie Congress. Here are the simply facts.

The price of gasoline in 2006 was less than $3.00 per gallon. Since Democrats gained control of Congress it has hit $5.00 per gallon. Sen. Obama has said that was ok but he just wished it hadn't got there so fast!

Natural gas has risen from $12.54 in December of 2006 to over $18.00 in 2008.

Unemployment in 2006 was at 4.6% and today it's over 6%!

Inflation was just 3.39% in 2006 but is currently increasing at a 5.6% rate!

The Consumer Price Index was at 201.6 in December 2006 but is now a whopping 219.9!

Financial institutions are failing left and right on Wall Street - and that's just this week!

Now those are the facts! Since Obama's Democratic Party took control of Congress things have gone south rather rapidly. The truth is, the underlying indicators of our economy were pretty good in 2006 and if they have deteriorated as greatly as Obama and his campaign excoriate, then he doesn't have to look any further than his own Reed/Palosie controlled Congress! It has happened on their watch!!

And as for the failure of financial institutions Fannie Mae, Freddie Mac, Merrill Lynch and Lehman Brothers, guess where the bulk of their political contributions went? To Obama and other Democratic candidates. The top five recipients from the failed Fannie Mae and Freddie Mac are: Dodd, D NY, Kerry, D MA, Obama, D IL, Clinton, D NY, and Kanjorski, D PA. The figures are similar for Lehman Brothers. The CEO of Merrill Lynch, Stanley O'Neal, has given the maximum in personal contributions to the Obama campaign, not to mention the many thousands of dollars in corporate and employee contributions. No wonder Obama and the Democratically controlled Congress hasn't been able (or willing) to address the real economic needs of the average American!

Now you can argue these facts anyway you want but you can't change them! They are the facts. Congress controls the budget; and, they control wether or not we will explore our natural resources for the national security and economic interests of our country.. Shouldn't they be held accountable for holding our nation's future hostage with their special interest politics? Shouldn't they be held accountable for allowing their thirst for regaining political power in Washington to bring economic suffering to average Americans? It only seems fair to me.

The Democrats made a lot of promises during the 2006 mid-term elections but haven't delivered. Now they promise more change. Change? You've got to be kidding! You bet I want it! But I say to Sen. Obama and the Reed/Palosie Congress, "We can't afford anymore of your kind of change!."

 
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6 Comments on Just the facts, please!

SEP
15
2008
1 Featured Post Outside Blog

Can I hear an Amen? BTW, your photo with jacket over the shoulder looks great!

9:17pm • #1
121,395 Points Localism Sponsor Outside Blog

Ron, it's easier to blame this whole mess on just one person. Congress, the media, and the left-wingers have been pounding George Bush since the day he was elected. Not once have they stood up and taken any responsibility for their failed policies. They just point their collective fingers at their favorite target. Now they're focusing on a new one - Sarah Palin - trying to discredit her and virtually ignoring John McCain. 

9:27pm • #2
305,074 Points 27 Featured Posts Outside Blog Hit Router

Ron -

Welcome, fellow Democrat!

Hey, who was in the White House these last few years?

I guess that doesn't count.

Keep spinnin!

DEAN & DEAN'S TEAM CHICAGO

9:29pm • #3
1 Featured Post

Speaking of facts,

-Natural gas is around $7.40/MMBtu as of closing today.

-The national average price of gasoline? $3.6963/gallon for the week ending 9/12.

-Oil is roughly $95/barrel as of closing today, exactly the same as it was one year ago.

-CPI average this year is 215.2, a 3.7% annual average increase, only slightly above average increases from previous years' statistics.

-Lehman was allowed to fail because they did not take advantage of measures available to help their liquidity, such as the discounted Fed window, which has been open for months to allow banks to borrow at a discounted rate. They also did not significantly reduce their leverage ratios, something other main banks have done since the credit crisis set in. Politics have nothing to do with these situations.

As my final thought, subprime mortgagees and 0-down flippers are most likely all Democrats, right?

 

10:30pm • #4
SEP
16
2008

Dean, it's easy to blame the guy in the White House when the opposition party in in control of the purse strings and is standing in the way of economic growth and stability.  And as low as the public opinion is about Pres. Bush, he's head and shoulders abouve that of Congress.  I just don't think Bus bashing is going to cut with the American voters this Fall but we'll see.

6:01am • #5

John, I was using the residential price not the industrual price fro natural gas -- I don't think anyone who uses natural gas is going to believe those prices haven't sky-rocketed.

As for gasoline, I don't know where you live, but here gas is over $4 and we normally run below the national average.

As for the price of oil coming down, isn't it strange how that all this began when Pres. Bush lifted the off-shore drilling executive order?  It leveled off because the Reed/Palousie Congress wouldn't go along.  When they shut down Congress and got so much heat from the voters back home, they began singing a different tune when.  Voila!  Prices begin to fall a bit more rapidly.

Facts are funny things.  Depending on which ones we use and which ones we ignore, I guess we can justify anything.

6:08am • #6

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Ron Moore The Home Team Pros

Florence, SC

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