Obama now blames poor job numbers on congressional inaction. Wait! His party runs Congress

Just a few minor things to catch up on for the weekend now that the Fundraiser-in-Chief has gone on another vacation (Don't worry though. White House chef Sam Kass went along, so the first family need not eat ordinary human food.)
-- The Congressional Budget Office says the 2010 federal deficit will be in excess of $1.3 trillion, as in $1,000,000,000,000+. (BTW, the next level we'll be talking about out of Washington is quadrillion, which has fifteen 0's.)

-- Despite Vice President Joe Biden's April boast that administration stimulus spending would spur the economy to add a half-million jobs a month by now, initial unemployment claims jumped a half-million last week, the worst since last November, as national unemployment remains at 9.5% and the economy sheds 131,000 more jobs.

-- But the economy's going great at the Democratic National Committee, which reports collecting $11.5 million from donors in July on top of the $53.8 million already taken in from various sources this year. The president just devoted three workdays across five states to rake in several more millions for his party.
-- But before leaving for his ninth presidential vacation, 10 days at a.......secluded estate on Martha's Vineyard, Obama devoted four minutes in the White House driveway to a special statement on the latest disappointing jobs numbers. (Full text, as usual, can be read on the jump, along with a brief reaction from the Republican National Committee chairman.)

No questions allowed because the president didn't want to explain why despite the administration's announced Recovery Summer Program, the jobs numbers have started going backward again after 19 months of promises and $787 billion in alleged stimulation spending. Because, faced with the uncertainty of the economy and the certainty of new taxes after Nov. 2, employers are holding back on hiring.

Full Story L.A Times

Howard Stern's Interviewing Harlem Voters ...

Another case of Joe being Joe.

by Aaron Bruns
WASHINGTON, DC — Another case of Joe being Joe.
The Delaware Senator took issue with an attack ad from his own side in an interview with CBS, telling Katie Couric that the Obama hit on McCain’s ignorance of computers and technology was “terrible.” The ad paints McCain as out of touch — and all but calls him ancient — but doesn’t mention that the Arizona Senator’s war injuries actually prevent him from using computers for an extended period.
Asked whether he’s disappointed with the tone of the campaign, including the ad that Couric characterized as “making fun of John McCain’s inability to use a computer,” Biden said “I thought that was terrible by the way.
“I didn’t know we did it and if I had anything to do with it, we would have never done it”
“While the New York Times and other media outlets were silent in the face of Barack Obama’s shameless and dishonorable attack on John Mccain, even Obama’s own running mate has now condemned the ad as terrible,” said spokesman Brian Rogers in a statement. “Barack Obama has brought the sleazy gutter politics of Chicago to our national stage, exposing his call for a ‘new politics’ as a lie and embarrassing even his own running mate with the low road campaign he’s running.”
Looks like the stage is being set for Biden’s exit and…Hillary’s re-emergence?

Bold move By Obama to replace Joe for Hillary

Joe Biden has not helped Obama with that great 1-2 punch that most candidates for V.P do. When Listening to Joe Biden Speeches you never know which Joe may show up at an event. Lately he has been sounding very angry. Which doesn’t sound very well when matched up to Obama. Joe Biden said in an appearance on ABC News' Good Morning America that, for the wealthy, paying more taxes is the patriotic thing to do.

Joe Biden’s tax returns show an average of $369 a year in charitable contributions, a miserly 0.3% of his income. If Biden wants to help the poor and downtrodden, then he needs to start by using his own resources before going after the pocketbooks of others.

They point to Obama’s tax plan on income tax only, without mentioning the hikes on capital-gains rates and corporate taxes that Obama plans. They never mention that 70% of the country is in the investor class now and will run afoul of the new capital-gains tax rates, or that higher corporate taxes mean higher prices — and more companies relocating outside the US. Does Obama think that businesses just eat costs? Either prices go up or jobs get cut, the same as they do when Congress arbitrarily raises labor costs by increasing the minimum wage.


According to the Congressional Budget Office, just to pay for current programs (Social Security, Medicare, and Medicaid, among others), the federal government would have to almost double all tax rates over the next four decades.


That means that under Obama's spending plan, low-income families who do pay taxes would pay almost 20 percent in federal taxes instead of today's 10 percent rate. The middle class, the group Obama claims to provide the most tax relief to, would have to pay closer to 50 percent as opposed to the middle-class tax rate now of 25 percent.

It doesn't take an economic genius to figure out that a middle-class tax rate of almost 50 percent is not feasible.

At some point the tax base must widen to cover the cost of these programs or spending must be cut.


So how will Obama and the Democrats pay for existing programs while adding billions in new ones?

What Obama is assuming is that a Democrat-controlled Congress will pass the Bush tax cuts in 2010, and then immediately repeal them, creating new revenue.


Doesn't make sense?

Well, it shouldn't.

As Washington is figuring out new ways to hold mortgage brokers and hedge funds accountable, Democrats should look at themselves as they promote these illogical, harebrained financing schemes through their anointed presidential candidate, Barack Obama.


"Biden certainly put his foot in his mouth"
Joe Biden said that Hillary Clinton “might have been a better pick than me” to be Barack Obama’s running mate.
The Delaware senator was responding to an audience member at a town hall meeting in Nashua, N.H., Make no mistake about this, Hillary Clinton is as qualified or more qualified than I am to be vice president of the United States of America. Lets get that straight,”.
“She’s easily qualified to be vice president … and quite frankly, might have been a better pick than me. But she’s first rate. I mean that sincerely. She is first rate. So let’s get that straight,” he said.
To be sure, a Biden-Clinton switch would cause quite a stir in the media. Obama's current voters would stick with him as well. So, where's the downside? Show me a Democrat, today, who'd dump Obama for McCain if Biden was replaced with Clinton? They don't exist.
It's a pretty safe bet that an Obama/Clinton ticket would capture virtually all of these loyal Clintonistas. It's also a safe bet that many of those highly coveted 18-49-year-old women who polls show migrated to McPalin this past week.
Obama should do what the Republicans would do in this situation. In fact, he should do exactly what his opponent did. Shake things up. Be unconventional. Roll the dice. Who cares how it looks. Who cares what the media thinks. One thing's certain: there's an 18-million cracks in the ceiling waiting to line up with candidate. An Obama/Clinton ticket would slam the door shut on this election. Biden in a loose cannon his 81,490 total votes in the presidential primaries was a drop in the bucket compaired to Hillary Clinton, so ask yourself why didn’t Joe Biden do better with Voters? "Lets try no connection whatsoever"

Need I say More

McCain's gift that Joe Biden gave them on taxes and unwrap it deliciously, noting that an Obama-Biden administration would result in “lots more patriots”:

McCain Video Just for Obama "ENJOY THE SHOW"

Biden's Son, Brother Named in Two Suits

Hunter Biden was made president with an annual salary of $1.2 million, despite his inexperience in the hedge fund industry, the lawsuit said. Before that, he had been part of the Washington law firm Oldaker, Biden & Belair, which earned $1.76 million in lobbying revenue in the first half of 2006, according to Congressional Quarterly's CQ MoneyLine. One of its biggest clients is the National Association of Shareholder and Consumer Attorneys, a District-based group representing law firms specializing in investment and corporate law.

Hunter Biden is one of many children and relatives of prominent members of Congress who have made their careers as lobbyists. He returned to lobbying after less than a year with Paradigm.

Lotito's lawsuit alleges that James Biden called him in January 2006 to arrange a job for Hunter Biden. It says James Biden told him that his brother (Sen. Biden) "was concerned with the impact that Hunter's lobbying activities might have on his expected campaign for the 2008 Democratic presidential nomination," and, "Biden told Lotito that, in light of these concerns, his brother had asked him to seek Lotito's assistance in finding employment for Hunter in a non-lobbying capacity."

Lotito does not provide any direct evidence of the senator's involvement and offers no witnesses to the assertion.

The campaign of Sens. Barack Obama and Biden declined to comment on the case, referring questions to Nicholas Gravante Jr., a lawyer representing Hunter and James Biden. Gravante said assertions that Joseph Biden told his brother he was concerned about his son's lobbying are "absolutely false."

"This lawsuit has nothing to do with Joe Biden, and there is absolutely no truth to those allegations," Gravante said. "It is a business dispute between former partners. The suit is baseless."

Brian C. Wille, an attorney for Lotito, said the lawsuit alleges no wrongdoing by Sen. Biden, only that his concerns set in motion the business deal.

"There was a concern that Hunter Biden's role as a lobbyist would have an impact on the senator's proposed presidential run," Wille said. "That's what James Biden told Mr. Lotito. . . . Was it true? Who knows? There is no allegation the senator was involved in any of these events."

In an affidavit, Hunter Biden said his father had nothing to do with the deal and that it is Lotito who swindled the Bidens.

He said Lotito lied about being a "fully licensed and accredited securities professional" with hedge fund experience.

In addition, he said Lotito recommended a lawyer to vet the business deal who was under investigation and was ultimately convicted on several felony charges of conspiracy and wire and mail fraud in a scheme to steal millions from a computer company.

By Kimberly Kindy and Joe Stephens
Washington Post Staff Writers
Sunday, August 24, 2008; Page A09

A son and a brother of Sen. Joseph R. Biden Jr. (D-Del.) are accused in two lawsuits of defrauding a former business partner and an investor of millions of dollars in a hedge fund deal that went sour, court records show.

The Democratic vice presidential candidate's son Hunter, 38, and brother James, 59, assert instead that their former partner defrauded them by misrepresenting his experience in the hedge fund industry and recommending that they hire a lawyer with felony convictions.

The legal actions have been playing out in New York State Supreme Court since 2007, and they focus on Hunter and James Biden's involvement in Paradigm Companies LLC, a hedge fund group. Hunter Biden, a Washington lobbyist, briefly served as president of the firm.

A lawsuit filed by their former partner Anthony Lotito Jr. asserts in court papers that the deal was crafted to get Hunter Biden out of lobbying because his father was concerned about the impact it would have on his bid for the White House. Biden was running for the Democratic nomination at the time the suit was filed.


In the hedge fund business deal, Lotito and the Bidens created a company called LLB Holdings USA and together agreed to pay $21.3 million for 54 percent interest in Paradigm.

In the lawsuit, Lotito said that soon after creating LLB, the Bidens crafted a "secret deal" to create their own company that was designed to buy out his shares in Paradigm for a low rate, to which he agreed. He said he knew nothing of the secret deal until later and now believes he was defrauded out of millions of dollars and his share in the company.

In the second lawsuit against the Bidens, which was filed in June, Lotito is also named as a defendant. Stephane Farouze, now an executive with Deutsche Bank, seeks $10 million, saying the Bidens and Lotito promised to buy his shares in the hedge fund company but reneged.

‘Just Words’ That Joe Biden Would Like To Forget

Biden has been running for President since 1987 with many missteps

''I made some mistakes,'' said Mr. Biden, who has faced 10 days of news reports on his lifting of sections from the speeches of others and on his record in college and law school. (1987 statement when the senator dropped out of the race)

Interview with Couric in 2007
Couric: When was the last time you lost your temper? And what came of it?
Biden: It's been a while. I lost my temper 22 years ago when I was running for president, and a lot came of it. But I'm trying to think. I haven't lost my temper in a while. I've been frustrated, but I've not blown up and lost my temper. I used to have a I joke and say, two craniotomies I had for these aneurysms. They took the top of my head off. I joke and I say, well, they cut the temper cord. There's a lot more equanimity in my last 20 years and after what I've gone through than there was before. No one thing is that critical that it determines outcome. Unless it's life or death.
Couric: Come on though Senator.
Biden: I'm serious.
Couric: I mean, I'm sure you got annoyed at somebody…
Biden: Oh, no, no, annoyed. No, no, no, no, no.
Couric: I don't mean, got red in the face and slapped somebody.
Biden: Well, I used to lose my temper and turn around and snap at somebody and say, “You know, you know, shut up.” Or do whatever. I haven't, I haven't lost my temper in a long while. I've been frustrated with some of the…staff who tell me things they know they don't know. I get frustrated, occasionally with some of the things I hear being stated by candidates from both parties running for office. I think, I know, you know, my frustration is, you know that's not true. What are ya sayin' it? (CHUCKLES) But I ... really haven't, Katie. I mean, you know, you could, as they say, ask around. I mean, I haven’t lost my temper in a long while.
Couric: I take your word for it, Senator Biden.



Joe Biden on McCain

Biden on Obama

Assessing Obama’s Iraq plan on September 13, 2007: “My impression is [Obama] thinks that if we leave, somehow the Iraqis are going to have an epiphany” of peaceful coexistence among warring sects. “I’ve seen zero evidence of that.”


Speaking to the New York Observer: Biden was equally skeptical — albeit in a slightly more backhanded way — about Mr. Obama. “I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy,” he said. “I mean, that’s a storybook, man.”


Also from that Observer interview: “But — and the ‘but’ was clearly inevitable — he doubts whether American voters are going to elect ‘a one-term, a guy who has served for four years in the Senate,’ and added: ‘I don’t recall hearing a word from Barack about a plan or a tactic.’”


Also that night, Biden said in a campaign ad, “When this campaign is over, political slogans like ‘experience’ and ‘change’ will mean absolutely nothing. The next president has to act.”

Biden On McCain:
Biden, on a post-debate appearance on MSNBC, October 30, 2007: “The only guy on the other side who’s qualified is John McCain.”

Biden appearing on The Daily Show, August 2, 2005: “John McCain is a personal friend, a great friend, and I would be honored to run with or against John McCain, because I think the country would be better off, be well off no matter who...”

On Meet the Press, November 27, 2005: “I’ve been calling for more troops for over two years, along with John McCain and others subsequent to my saying that.”



If we didn't have Indians, we'd have a doughnut crisis.



His state was a slave state, therefore he is popular with blacks and is not a Northeastern.

What ?



Biden saye obama not ready to lead, the light side and the hard side of Biden



No Goverment single payer programs

Its seem to me Joe biden has played it safe, by walking the fence waiting for a call from Obama or McCain for VP, am not sure this would have been the best pick for Obama. Joe Biden is a loose cannon and you never know what he my say from time to time in the heat of a moment. I think Obama is looking for an attack dog to do his dirty work, this was a not a good pick for Obama he will be spending more time doing clean up on Joe Biden then running his campaign.

1988 TV Presidential Ad Guess who ?

Narrator: The White House isn't the place to learn how to deal with international crisis, the balance of power, war and peace, and the economic future of the next generation. A President has got to know the territory, but that's not enough. To win the White House, the Democratic nominee had better have a crystal clear vision of what the Democratic Party stands for. Joe Biden sees the Presidency as a pulpit from which America sets an example for the world. He believes that developing nations once saw America as more than a place; they saw us as an idea; A goal to reach for. He knows that they've lost confidence in us; that they see us losing our way; our resolve; our ideals. Joe Biden thinks it's time to remind the world of what America stands for. Freedom. Equality. Justice. Opportunity. He thinks it's time to put courage over compromise. Time to express America's outrage once again towards repression, brutality, violence, the abuse of human dignity around the world, and if the sparks fly, so be it...

The first part of the ad states "The White House isn't the place to learn" this was a reference made to Jessie Jackson who was running for President. The 2nd part is no differrent then what obama says about our country today 20 years later. Wow what a sad statement.

Joe Biden for President 1988