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Trump and Obama signed off on the two most fiscally irresponsible periods in post-war history, and Biden two years in looks set to join them.
The Executive is supposed to be a check on irresponsible spending. But both Trump and Obama went right along with it instead of vetoing the outrageous spending of the periods.
What else do they have in common?
Two crises, both of which plunged the country into hysteria.
The Great Financial Crisis did not begin to end until March 2009 when the FASB signaled its intent to suspend mark-to-market rules. The stock market bottomed almost immediately, but as with all cases of mass hysteria it took time for the panic to pass as other sectors recovered "one by one".
The Pandemic Crisis gripped the country in March 2020, sending millions home from work, stocks plunging, toilet paper into shortage, businesses into bankruptcy, and on and on. With just about everyone vaccinated who was going to be by the end of 2021, the country gradually started to come out of it in 2022, eschewing jabs, masks, and social distancing as it became clear that the Omicron variant was infecting tens of millions despite all those measures.
2020 was the single most fiscally irresponsible year in the post-war since 1953. Federal expenditures, bloated by panicked bailouts, outpaced tax revenues by a whopping 216%.
Only 2009 comes close, at 210%, the second worst year on record.
Third, not shown, was 2010 at 196%, and fourth, not shown, was 2021 at 176%, each a part of the respective crisis periods.
Do you know what else those two years share in common?
Spending bills must originate in the House of Representatives.
In 2009 and 2020 its Speaker just happened to be the same person, as she was in 2010 and 2021.
Nancy Pelosi owns the four most fiscally irresponsible years in the entire history of the post-war. Her two speakerships literally busted out all over.
Obama did it in 2009 and Republicans acquiesced, running trillion dollar plus deficits for four straight years until Republicans enforced some fiscal discipline in Obama's second term.
The author below, a Republican, doesn't mention that.
Will Republicans acquiesce again?
If they do, the national debt will easily swell to in excess of $51 trillion by 2033, from $31 trillion at the end of 2022.
From the story, "Trillion-dollar deficits: Biden’s new normal":
The president and his White House have taken the 2020 COVID-19, one-time-only crisis budget as his administration’s working baseline, rather than the pre-Covid 2019 budget, which had a significant $4.4 trillion price tag.
In 2020, because of the pandemic, the budget jumped 47 percent to $6.5 trillion, as both Democrats and Republicans supported the need for emergency funding. That COVID funding was to sunset as the country returned to normal — as it did last year. Apparently, Biden decided to ignore that crucial point.
And people wonder why many Hispanics who were affected by these disasters are cooling on the Democrat Party.
Neither incident was much publicized by the media at the time because both were highly embarrassing to the media's Democrat men in power for the sheer scale of the incompetence on display, but there'd be no end of stories about these incidents had Trump been president.
Of the New Mexico fire I hardly remember any news a year ago.
A recent Slate story which attacks the religious groups actually making a difference in such disasters can't omit some details, they are so undeniable:
Wildfires ripped through the northern part of the state after a prescribed burn by the U.S. Forest Service grew out of control, tearing through nearly 350,000 acres and destroying hundreds of homes, farms, and irrigation canals that had sustained its rural communities for centuries. . . . the actions of the Federal Emergency Management Agency left New Mexicans infuriated. . . . Even after the Biden administration greenlighted $2.5 billion in wildfire recovery funds for New Mexico last summer—an unprecedented sum for an ongoing disaster—FEMA’s molasses-paced bureaucracy has kept much of that money from actually reaching those affected by the wildfires. Edwards said in an email that the agency is opening three new claims offices in New Mexico by late March [nearly a year later] and is developing new policies to “guide and simplify the claims process.” But while many New Mexicans have sympathy for FEMA and feel the agency is in an impossible position, they want relief now so they can rebuild their houses and lives.
Reuters in July 2022 said this in "After Starting New Mexico Fire, U.S. Asks Victims To Pay":
After the U.S. government started the largest wildfire in New Mexico's recorded history in April, it is asking victims to share recovery costs on private land, jeopardizing relief efforts, according to residents and state officials. The blaze was sparked by U.S. Forest Service (USFS) prescribed fires to reduce wildfire risk. The burns went out of control after a series of missteps, torching 432 residences and over 530 square miles (1373 square km) of mostly privately owned forests and meadows, much of it held by members of centuries-old Indo-Hispano ranching communities.
The gist of this story at the end of March is that an awful lot of people are still not made whole despite billions of dollars being allocated for them:
A lawsuit seeking unspecified damages was filed in June against the U.S. Forest Service in U.S. District Court in Albuquerque. Originally, about 50 plaintiffs were party to the suit, but hundreds more later joined. The lawsuit was dismissed after the Hermits Peak Fire Assistance Act was passed, which will help compensate people who suffered damages.
But hey, at least Donald Trump is being prosecuted, right?
Here's Obama:
“With my successor coming in, I think he saw an opportunity because the U.S. president didn’t seem to care that much about a rules-based international system,” Obama said, the Daily Mail reported. "As a consequence, I think China’s attitude [is], 'Well, we can take advantage of what appears to be a vacuum internationally on a lot of these issues.'"
It was Obama who never cared about the rules, never challenged China's military expansion in the South China Sea under Xi, and telegraphed nothing but weakness to China.
Here's Xi Jinping as early as 2014:
Tabled by the popular ultranationalist blogger Zhou
Xiaoping, the plan would authorize the assassination of blacklisted
individuals—including Taiwan’s vice president, William Lai Ching-te—if
they do not reform their ways. Zhou later told the Hong Kong newspaper Ming Pao
that his proposal had been accepted by the conference and “relayed to
relevant authorities for evaluation and consideration.” Proposals like
Zhou’s do not come by accident. In 2014, Xi praised Zhou for the
“positive energy” of his jeremiads against Taiwan and the United States. ...
But the most telling moments of the two-sessions meetings, perhaps unsurprisingly, involved Xi himself. The Chinese leader gave four speeches in all—one to delegates of the Chinese People’s Political Consultative Conference, two to the National People’s Congress, and one to military and paramilitary leaders. In them, he described a bleak geopolitical landscape, singled out the United States as China’s adversary, exhorted private businesses to serve China’s military and strategic aims, and reiterated that he sees uniting Taiwan and the mainland as vital to the success of his signature policy to achieve “the great rejuvenation of the Chinese ethnos.”
In his first speech on March 6, Xi appeared to be girding China’s industrial base for struggle and conflict. “In the coming period, the risks and challenges we face will only increase and become more severe,” he warned. “Only when all the people think in one place, work hard in one place, help each other in the same boat, unite as one, dare to fight, and be good at fighting, can they continue to win new and greater victories.” To help the CCP achieve these “greater victories,” he vowed to “correctly guide” private businesses to invest in projects that the state has prioritized.
Xi also blasted the United States directly in his speech, breaking his practice of not naming Washington as an adversary except in historical contexts. He described the United States and its allies as leading causes of China’s current problems. “Western countries headed by the United States have implemented containment from all directions, encirclement and suppression against us, which has brought unprecedented severe challenges to our country’s development,” he said. Whereas U.S. President Joe Biden’s administration has emphasized “guardrails” and other means of slowing the deterioration of U.S.-China relations, Beijing is clearly preparing for a new, more confrontational era.
On March 5, Xi gave a second speech laying out a vision of Chinese self-sufficiency that went considerably further than any of his previous discussions of the topic, saying China’s march to modernization is contingent on breaking technological dependence on foreign economies—meaning the United States and other industrialized democracies. Xi also said that he wants China to end its reliance on imports of grain and manufactured goods. “In case we’re short of either, the international market will not protect us,” Xi declared. Li, the outgoing premier, emphasized the same point in his annual government “work report” on the same day, saying Beijing must “unremittingly keep the rice bowls of more than 1.4 billion Chinese people firmly in their own hands.” China currently depends on imports for more than a third of its net food consumption.
In his third speech, on March 8 to representatives from the PLA and the People’s Armed Police, Xi declared that China must focus its innovation efforts on bolstering national defense and establish a network of national reserve forces that could be tapped in wartime. Xi also called for a “National Defense Education” campaign to unite society behind the PLA, invoking as inspiration the Double Support Movement, a 1943 campaign by the Communists to militarize society in their base area of Yan’an.
In his fourth speech (and his first as a third-term president), on March 13, Xi announced that the “essence” of his great rejuvenation campaign was “the unification of the motherland.” Although he has hinted at the connection between absorbing Taiwan and his much-vaunted campaign to, essentially, make China great again, he has rarely if ever done so with such clarity.
One thing that is clear a decade into Xi’s rule is that it is important to take him seriously—something that many U.S. analysts regrettably do not do. When Xi launched a series of aggressive campaigns against corruption, private enterprise, financial institutions, and the property and tech sectors, many analysts predicted that these campaigns would be short-lived. But they endured. The same was true of Xi’s draconian “zero COVID” policy for three years—until he was uncharacteristically forced to reverse course in late 2022.
Xi is now intensifying a decade long campaign to break key economic and technological dependencies on the U.S.-led democratic world. He is doing so in anticipation of a new phase of ideological and geostrategic “struggle,” as he puts it. His messaging about war preparation and his equating of national rejuvenation with unification mark a new phase in his political warfare campaign to intimidate Taiwan. He is clearly willing to use force to take the island. What remains unclear is whether he thinks he can do so without risking uncontrolled escalation with the United States.
Your Democrat choice in the race is a very white female, a progressive extremist who served in the Obama Injustice Department and who was defeated last time around by Peter Meijer.
My extremely stupid progressive neighbor had a sign out for the Democrat early in September until he figured out a couple of weeks later that our street had been re-districted out of MI-3.
The Democrat's campaign clothes her extremism in the glow of her Christian faith to make her more acceptable to the white, right of center, evangelical population around Grand Rapids.
On YouTube Gibbs seems to run one ad for every twenty the Democrats run.
The fund is down to $8.36 tonight, 2 cents away from its all time low set on October 19, 1987 at $8.34. That was 35 years ago last night, when the stock market fell 20% in one day.
The 30-year US Treasury back then paid 10.25% on that date. Tonight it pays just 4.24%.
You can't make this shit up.
Henry in 2015 was reported to be the first known active-duty Army officer to come out as transgender.
Thanks Obama!
Thanks Joe!
The update is still riddled with typos and even an incomplete sentence, but they've made sure to get the major's personal pronouns right.
The major is a real piece of work.
It's all in the eyes.
Bloomberg, August 21, 2011, here:
Martha's Vineyard Times reports here:
Now The New York Post thinks 62 year olds are "elderly".
Before it was just Obama and Democrats who infamously and routinely seemed not to know the size, proportion, and meaning of things (when life starts was above his pay grade, 57 states, hundreds of millions getting Obamacare, 200 million dead from COVID-19, et cetera).
Now everyone is getting into the act.
Life expectancy in the US is about 77 years old. You are elderly when you are near that or exceed it.
Federal law prohibits FFLs from engaging in handgun commerce with anyone under 21 and longgun commerce with anyone under 18. Meanwhile 18 year olds can vote, be tried as adults, sign contracts, and get drafted to have their asses shot off in wars, and fry in the electric chair for shooting up schools. Let's have some of that, shall we?
And just in case you were wondering, a woman is still an adult human female, at least until it becomes Wokepedia.
Time to update this.