Unbelievable part 2

Let’s just make this an unbelievable day:

– Another choice thought process from our brilliant CiC to the problems of the economy is to change a tax rule that has been in place for 70 years because he wants to make certain that oil/gas companies pay their “fair” share.

Visiting an Alcoa plant in Iowa last month, Mr. Obama emphasized the importance of creating jobs in manufacturing. But manufacturers say the repeal of LIFO would have just the opposite effect.

Go read the link. It explains it more detail and also mentions that this new tax revenue plan would be put in place RETROACTIVELY!!!! And Jeff Immelt has the gall to lecture business owners about not doing enough to hire. How the hell can they hire when they have no clue about what new tax proposal will be around the next corner.

Unbelievable

The “answer” to a stalemate where the President is stomping his feet and insisting you do things his way or old people will die is to cede power?

The proposal would transform the political dynamics of the debate, placing the entire burden for raising the $14.3 trillion debt limit on Obama. Republican lawmakers would be spared from voting to raise the limit and could shift their campaign for unprecedented spending cuts to the congressional appropriations process, where the risk of stalemate is shutting down the government instead of capsizing the U.S. economy. However, they would lose the approaching deadline as leverage to pursue their cost-cutting agenda.

The proposal is “not my first choice,” McConnell told reporters. But with a bipartisan agreement looking increasingly doubtful, he said, “we’re certainly not going to send a signal to the markets and to the American people that default is an option.”

Hey power brokers….the reason Obama is sounding so desperate is because he’s desperate. Now is the time to hold your ground. I mean it.