Obama’s fake student loan war is latest distraction from slumping economy
By: Jeffrey Klein
Political Buzz Examiner
There seems to be a distinct trend forming at The White House.
Right before “bad news” for his reelection campaign is released–like he was tipped off in advance–President Obama seems to conveniently manufacture a “fake war” between Congressional Democrats and Republicans to create a diversion.
The most recent flimsy flap is over the extension of the low interest rate on a popular type of student loan, which was originally set to expire in July–according to the Democrat-design of the original bill.
This week, during his umpteenth weekly trip to swing state college campuses, to give what Jay Carney would like everyone to believe are high concept official policy speeches to college students–in his trademark, rolled-up shirtsleeve, carnival-barker style–President Obama cleverly framed his simpleton remarks so that the gullible students would believe the Republican congressmen in the House were deliberately blocking the extension.
Hence was born the fake [Republican] “War on College Students.”
The reality is that there was already a vote scheduled on the matter, with both sides of the aisle in agreement–except for how to pay for the $5.9 billion measure, according to a FOXNews article today.
Republican’s planned to use money from a Health and Human Services “slush-fund” set up for Obamacare, to which Obama made cuts in his own budget.
Regardless, now on the national stage provided–absent fact-challenges–by the always accommodating mainstream media, Obama and Democrats are feigning incredulity at the idea of “poor women around the country losing their ability to get cancer screenings.”
This is an obvious attempt to “re-ignite” the equally fake “War on Women,” which blew up in their faces after top female Democrat strategist Hilary Rosen stated on CNN that Ann Romney had “never worked a day in her life.”
Then, as if on cue, Democrats fell into line like a Magpie choir, singing their ignorant refrain of raising the [federal] income tax rate on “millionaires and billionaires“[again]–the drumbeat of the fake “Class War” they also concocted.
Republicans returned fire through Speaker Boehner’s spokesman Brenda Buck … “The president is so desperate to fake a fight that he’s willing to veto a bill to help students over a slush fund that he advocated cutting in his own budget,” according to Olivier Knox posting today in his blog “The Ticket” on Yahoo News.
The good news for Republicans is that even though this type of political theatre lowers the already subterranean approval ratings of Congress, it will be worked out quickly–even if they have to “bite the bullet” once again
The very bad news for President Obama and the Democrats is that they cannot run and hide from the disastrous news they are attempting to camouflage; in this week alone:
1. Jobless claims, which have been “revised” up for the last 59 out of 60 weeks in a row. And this week they were up again by 2,000 to 388,000–38,000 above the point where job creation is thought to begin.
In support of this negative trend, the 4 week moving average shot up by 6,250 to 381,750 week-on-week–its highest point since January 7, 2012, according to a Reuters article yesterday.
There were still 6.68 million people claiming unemployment benefits in the week ending April 7th.
“It’s certainly disturbing that we are not seeing these numbers heading down,” said Beth Ann Bovino, an economist at Standard & Poor’s Ratings Services in New York.
2. The first quarter 2012 GDP figure plummeted to a puny 2.2 percent, down from a relatively vigorous 3.0 percent in the fourth quarter 2011, with most of the blame placed on declines in personal inventories…..and “business investment” (millionaires and billionaires), according to a Forbes article today.
“… the expansion remains modest in pace and subpar from a historical perspective,” says Jim Baird, chief investment strategist at Plante Moran Financial Advisors. “The economy is still on an uncertain footing and a window of risk exists, given the global slowdown that is unquestionably underway, and the recessionary environment now enveloping multiple developed economies.”
3. An analysis by The Associated Press found that 1.5 million, or 53.6 percent, of bachelor’s degree-holders under 25 were jobless or underemployed last year–the highest percentage in at least 11 years, according to an April 25, 2012 Charleston Post and Courier article.
For the most part American’s vote with their pocketbooks and will see right through these fake war shenanigans, and drop this hip-hop Obama Administration like a bad habit on November 6, 2012–to get America back on the Right track.