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Let Them Eat Cake

- April 21, 2011

Obama Apparently Has Plenty Of Time To Hobnob And Fundraise, Leaving The Rest Of The Country To Deal With His Failed Policies

OBAMA IS IN CALIFORNIA TO ATTEND SIX GLITZY FUNDRAISERS IN TWO DAYS

Obama Has Six Fundraisers Planned For His Two Day Trip. “His packed, star-studded two days on the West Coast include six fundraisers and two town halls, including one Wednesday at the Palo Alto headquarters of Facebook.” (Cecilia Kang And Perry Bacon Jr. “Obama’s Fundraising Faces Key Test In California,” The Washington Post4/19/11)

“By The Time He Leaves California On Friday, Obama Will Have Spent Three Times As Much Time Campaigning For His Reelection Than Taking Questions On Spending Cuts.” (Matt Negrin, “6 Fundraisers, 2 Town Halls On Trip,” Politico4/21/11)

Obama’s First Campaign Stop In L.A. Is On The Sony Backlot, With Jamie Foxx As A Special Guest. “On Thursday, Obama will trek to Sony Pictures Entertainment in Culver City for a late-afternoon backlot rally with a capacity of 3,000 and Jamie Foxx on the bill as a ‘special guest’; tickets range in price from $100 to $2,500 for VIP seating.” (Ted Johnson, “Obama Looks To Hollywood's Deep Pockets,” Variety, 4/18/11)

  • Followed By A $35,800-A-Plate Dinner. “That will be followed by a much smaller dinner on the lot for some 60 people, with tickets priced at $35,800 per person; the president is expected to go from table to table to spend face time with donors.” (Ted Johnson, “Obama Looks To Hollywood's Deep Pockets,” Variety, 4/18/11)
  • Then Obama Heads To A Second Dinner With L.A.’s “Moguls.” “A second dinner will follow at the Brentwood restaurant Tavern. Among those expected are such moguls and major L.A. figures as Jeffrey Katzenberg, Michael Lynton, Berry Gordy, Elon Musk and Russell Goldsmith, as well as the two Southern California finance co-chairs for the Democratic National Committee, Capital Group's John Emerson and Tennis Channel CEO Ken Solomon.” (Ted Johnson, “Obama Looks To Hollywood's Deep Pockets,” Variety, 4/18/11)

Trying To Re-Create The California Money Machine From 2008

“On The Money Front, Hollywood Has Proven To Be Unfailingly Loyal To Democrats -- A Reason Why Los Angeles Is Among Obama's First Stops For Campaign Cash.” (Ted Johnson, “Obama Looks To Hollywood's Deep Pockets,” Variety, 4/18/11)

“Last Time Around, California Donors Gave $78 Million To Obama's Campaign.” (Seema Mehta, “Obama Mines California Donors,” Los Angeles Times4/19/11)

Los Angeles Alone Contributed Almost $25 Million To Obama’s 2008 Campaign. (Center For Responsive Politics, opensecrets.org, Accessed 4/20/11)

BUT WHILE OBAMA IS COLLECTING CELEBRITIES’ CASH, THE REST OF THE NATION IS DEALING WITH “OBAMANOMICS”

Gas Prices Heading Toward $5.00 A Gallon 

Gasoline Prices Have Doubled Since Obama Took Office. “Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58.” (James S. Robbins, “Gasoline Up 100% Under Obama,” The Washington Times’ “Water Cooler” Blog, 3/30/11)

Gas Price Hikes Are “Relentless.” “The relentless rise in retail gasoline prices continued over the last week, the U.S. Energy Department said, with some analysts predicting that fuel prices could test record highs.” (Ronald D. White, “Gasoline Prices Climb In California And The Nation,” Los Angeles Times4/19/11)

  • With The National Average Hitting $3.84 A Gallon. “The national average climbed 5.3 cents to $3.844 a gallon. That was up 98.4 cents from the year-earlier price.” (Ronald D. White, “Gasoline Prices Climb In California And The Nation,” Los Angeles Times4/19/11)
  • In California, Gas Prices Have Risen To $4.20 A Gallon. “In California, the average price for a gallon of regular gasoline climbed 4.4 cents to $4.205.” (Ronald D. White, “Gasoline Prices Climb In California And The Nation,” Los Angeles Times4/19/11)

In 2008, Obama Said He Thinks Americans Can “Adapt” To Higher Gas Prices. “But if the government gives middle-class families tax cuts and encourages the market ‘to adapt to these new circumstances more quickly, particularly U.S. automakers, then I think ultimately, we can come out of this stronger and have a more efficient energy policy than we do right now.’” (Charles Babington and Jim Kuhnhenn, “One Down, More To Go For Republicans Aiding McCain,” The Associated Press, 6/12/08)

Obama Wants To Get Rid Of Domestic Energy Production Incentives . OBAMA: “I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies.” (President Barack Obama, State Of The Union Address, Washington, D.C., 1/25/11)

Millions Of Unemployed Americans Are Still Waiting For The Obama “Recovery”

There Are Currently 13.5 Million Unemployed Americans.  (U.S. Bureau of Labor Statistics, www.bls.gov, Accessed: 4/4/11)

National Unemployment Rate Of 8.8 Percent. (Bureau Of Labor Statistics Website, www.bls.gov, Accessed 4/1/11)

  • California’s Unemployment Rate Is 12 Percent. (Bureau of Labor Statistics, bls.gov, Accessed 4/20/11)

Under Obama’s Presidency, The Unemployment Rate Has Remained Above 8 Percent For 26 Straight Months. (Bureau Of Labor Statistics Website, www.bls.gov, Accessed 4/1/11)

57 Percent Of Americans Disapprove Of The Way Obama Is Handling The Economy. (Washington Post-ABC News Poll, 1001 A, MoE 3.5%, 4/14-17/11)

Reckless Spending Leading To Skyrocketing National Deficits And Debt 

The Deficit In 2011 Is Slated To Reach A Historically High $1.65 Trillion. (Fiscal Year 2012 Budget Of The U.S. Government" Office Of Management And Budget, 2/14/11)

The FY 2010 Deficit Was $1.29 Trillion. (Congressional Budget Office, “Monthly Budget Review For Fiscal Year 2010,” 10/7/10)

Obama Rang Up Record-Setting $1.42 Trillion Deficit In 1st Year In Office, Nearly Triple The Previous Record.(David Jackson, "Obama Team Makes It Official, Budget Deficit Hits Record. By A Lot," USA Today's "The Oval" Blog, 10/16/09)

The Deficit Is Slated To Be $1.1 Trillion In FY 2012. (Fiscal Year 2012 Budget Of The U.S. Government" Office Of Management And Budget, 2/14/11)

“The Annual Deficit Would Recede To $1.1 Trillion Next Year, As Obama's Latest Policies Began To Take Effect - The Fourth Straight Year Of Trillion-Dollar Deficits.” (Lori Montgomery, “Obama Budget Projects Record $1.6 Trillion Deficit,” The Washington Post2/14/11)

The Debt Has Increased By $3.5 Trillion On Obama’s Watch. “Just as President Obama signed and sent his annual Economic Report to Congress, the Treasury Department posted numbers that show the national debt has increased $3.5 trillion so far on Mr. Obama's watch.” (Mark Knoller, “Debt Has Grown $3.5 Trillion On Obama’s Watch,” CBS News2/23/11)

Obama Has Been “Mostly AWOL” On The “Big Ideological Budget Discussions.” “They're also talking about the big, ideological budget discussions that must occur in the future. ‘There are going to be I think very sharply contrasting visions in terms of where we should move the country,’ Obama said. ‘That's a legitimate debate to have.’ Really? So where has the president been in that debate? Mostly AWOL, so far as I can tell.” (Gloria Borger, Op-Ed, “Washington, We’re Done With High School,” CNN, 4/6/11)

CBS News’ Mark Knoller: “Even if every provision of President Obama's deficit reduction plan is enacted - and he concedes it won't be - there still won't be a balanced budget on the horizon. And the National Debt will continue to expand by trillions of dollars.” (Mark Knoller, “Obama Deficit Reduction Plan Leaves Deficits,”CBS News, 4/13/11)

  • Knoller: “The Obama plan is designed to reduce deficit spending over the next 12 years by $4 trillion dollars. If every penny of that $4 trillion in deficits is eliminated, the government's own budget projections show that trillions of dollars more in deficits would remain in place.” (Mark Knoller, “Obama Deficit Reduction Plan Leaves Deficits,” CBS News, 4/13/11)

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