Sick. White House Blames Republicans & Defense Sequester for Shrinking Economy …(Sequester Was Team O’s Idea)

obama economy shrinks
The Obama White House reacted to the horrible news today that the economy is shrinking by blaming the decline on Hurricane Sandy and the defense spending cuts. White House Spokesman Jay Carney had the gall to blame Republicans for the GDP number and defense cuts.
The Hill reported:

“Our economy is facing a major headwinds, and that’s Republicans in Congress,” Carney said.

Of course, the sequester idea came from inside the Obama White House.
The Politico reported, via GOP.com:

“In fact, the idea may have come in part from Obama’s current chief of staff, Jack Lew.” “In fact, the idea may have come in part from Obama’s current chief of staff, Jack Lew. The Washington Post’s Bob Woodward reported in his book ‘The Price of Politics’ that Lew, then-Office of Management and Budget director, and White House Legislative Affairs Director Rob Nabors broached the idea of a defense sequester as a threat to Republicans during negotiations over raising the debt ceiling.”

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  • OldSailor

    Dems Tout Claim: ‘Best-Looking Contraction in U.S. GDP You’ll Ever See’

    “Recession” anyone? Or how about “Depression” since we never really recovered from the last recession?

    Thanks a pantload Democrats.

  • OldSailor

    Sorry, link to go with the headline I posted:

    http://www.weeklystandard.com/blogs/dems….see_698863.html

  • Sam Stone

    More pathological lies from the pathological liar Obama!

  • Warthog

    This is like some bad Family Circus cartoon where the kids always blame the ghosts “Not Me” and “Ida know” whenver a lamp is broken.
    Except…
    THIS IS OUR REALITY FOR THE NEXT FOUR YEARS!

  • Mn Jim

    Bush is still being blamed for Katrina response, even though there were Democrat governors and mayor at the time. Will obama ever get blamed for Sandy?

  • Flintstone F.

    At some point you’d think people would get tired of listening to this guy blatantly lie about everything. His solution and the Democrat solution to everything economic, is to cut the military.

    Marine Corp. is being cut. Overall forces are being cut. Sequestration kills the replacement or build up of our Naval fleet (as far as I understand). Their argument is that the newer ships are so much more versatile that we need fewer. Too bad though, that a ship can’t be in two places at once.

    Yesterday after the Senate presented an immigration reform bill, he stood there in Vegas talking as if congress was unwilling to do anything. They beat him to the punch.

    He really is his own version of bagdad bob and the news media…well…

  • shadow

    Of course, the sequester idea came from inside the Obama White House.

    And what does that have to do with anything? The sequester would not have gone into effect until January, but has since been postponed until March. The cuts in question were part of the bipartisan Budget Control Act of 2011.

    Ya’see, this is what spending cuts look like. Republicans want them, but they want to blame the results on Obama.

  • stuart

    Please note that once again the administration called the economic downturn, “unexpected”.
    “Unexpected” is becoming a mighty popular word in Washington these days. By contrast, the least popular word has got to be “incompetent”.

  • Finncrisp

    The State Ministry of Propaganda ( ABC, CBS, NBC, NPR) will never acknowledge how bad things really are. These trools are so invested in the Obama vision. We must continue to resist the Kool aide they are peddling. Reality is all around us. We are not alone.

  • cavt

    Well, since in the eyes of the Obamite, the dictator couldn’t inherit the lousy economy from himself(that would make him at fault) and now it is getting tough for even them to keep blaming Bush, so a new excuse is needed. Aha–the hurricane and sequestor. No way our man/child could predict the effect of these. In fact, GDP would have been worse were it not for our glorious leader. So we should all be very thankful for his enlightened leadership.

  • Warthog

    shadow commented:

    “Ya’see, this is what spending cuts look like. Republicans want them, but they want to blame the results on Obama.”

    Wait, wait… you mean you *actually do* blame the economic further-downturn on Sandy and sequestration?

    Really?

  • geezer

    my dog at my homework

  • shadow

    Wait, wait… you mean you *actually do* blame the economic further-downturn on Sandy and sequestration?

    Is English your second language? As I said, the sequestration hasn’t gone into effect (and probably never will). Obviously, something that hasn’t happened could NOT be the cause of something that has.

  • http://mychal-massie.com/premium/ bg

    ++

    OT.. here comes the nowo led by the nothing..

    January 29, 2013

    Soldiers wearing U.N. logos evict whole towns in land grab

    [Thousands of poor Brazilian families are living in wretched conditions
    at make-shift refugee camps after being evicted from their homes at
    gunpoint by federal forces, some of whom were sporting United Nations
    logos, according to sources.

    The massive operation, which left an estimated 7,500 or more people,
    including thousands of children, homeless was justified by authorities
    under the guise of creating an Indian reservation.

    Towns literally have been wiped off the map, and no compensation was
    offered to the victims. About 400,000 acres of land were expropriated in
    the latest operation.

    Residents in the Siua-Missu area in the state of Mato Grosso battled
    heavily armed federal police and military forces for weeks using sticks,
    rocks, Molotov cocktails and other crude weapons.

    In the end, however, the powerful national
    government forces were overwhelming.]

    armies w/out borders

    [Advocates of limited government are concerned about comments by
    Sen. Barack Obama (D-Ill.) regarding his national service plans and
    views on the “burden of global citizenship.”]

    more at link, in connecting links, and threads..

    “We can’t expect the American People to jump from Capitalism to
    Communism, but we can assist their elected leaders in giving them
    small doses of Socialism, until they awaken one day to find that they
    have Communism.”
    ~ Nikita Khrushchev

    ==

  • chas

    OK Mr.President,i’m a cracker so you all will have to explain to me how a storm can be the cause of an economic downturn ?
    How much is o.1 % anyway in terms of dollars ?

  • http://GatewayPundit Trestmans Bad Karma

    My uncle once told me ” If the Good Lord had not given us the ability to craft chairs and stools then Democrats and Liberals (and Shadow) would have no place to give their brain a rest “…..

  • Flintstone F.

    #7 shadow

    Let’s review what the federal governments primary purpose is. Spending cuts can be good and bad.

    What matters is which cuts. It seems to me that the military is the first place democrats want to go. Never mind the bottomless pit of failure disguising itself as an education system (no finance curriculum but they have time to teach alternative sex to grade school children).

    The military is currently too small by historic standards and our need for a strong force, seems to be now more than any time since 9/11. I said in 2007 that Obama was dangerous. Whatever could hurt or hamper our military has just been thrust upon them by him and his administration. Cut weapons, cut personnel and play social experiments with our men and women who volunteer to put their lives on the line to protect us (play real army games by proxy and pretend to be commanders on the battlefield. “What difference does it make…”).

    This comes from the same side of thought as all the lefties who pretend to care about their lives. Liberals being the non-thinkers they are hate the military. Which votes are they always trying to block in big elections? Absentee ballots from overseas military. Liberals are the reason Benghazi was allowed to happen and for there yet, and probably never to be, anyone punished for it.

    The federal governments primary purpose is to protect us from outside threats. I’m not so sure Hillary and Obama really care about that in the sense that they view terrorism as a real threat (they have sympathy for them). Ambassador Stevens was thrown to the wolves to satiate Hillary’s optics needs, and now she has to tell the biggest lie and take it to her grave. She got old really fast. Obama knew that job could be the end of her. Ran her ragged cankles into the ground.

    Well at least John Kerry is reporting for duty. Just another “well meaning white” for Obama.

  • bg
  • Patty

    Obama Claims Adding 11 Million Low-Skilled Workers Will Strengthen the Middle Class

    They’re not contributing members. They take away jobs from Americans, leech off the social benefits system and commit a number of crimes besides the whole “illegal entry” deal. Jails tend to be full of illegal aliens for a reason.

    “Every day, like the rest of us, they go out and try to earn a living. Often they do that in a shadow economy — a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. And when that happens, it’s not just bad for them, it’s bad for the entire economy. Because all the businesses that are trying to do the right thing — that are hiring people legally, paying a decent wage, following the rules — they’re the ones who suffer. They’ve got to compete against companies that are breaking the rules. And the wages and working conditions of American workers are threatened, too.

    So if we’re truly committed to strengthening our middle class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we’ve got to fix the system.”

    Obama’s solution to employers hiring people under the table for low wages is to legalize 11 million illegal aliens. Which will open up positions for more illegals to come and work under the table, while the newly legal illegal aliens end up eventually going on unemployment once they get their green cards because there’s no work for them. And then we’ll legalize the new illegal aliens because etc…

    How does dumping 11 million aliens into the economy, on the social system and into the job markets strengthen the middle class?

    http://frontpagemag.com/2013/dgreenfield/obama-claims-adding-11-million-low-skilled-workers-will-strengthen-the-middle-class/

  • MT Geoff

    The storm in the Northeast (was no hurricane when it came ashore) was harmful to the economy. Lots of damage, lots of production lost. Fair enough.
    Defense cuts will affect some industries and they may be valid cuts.
    If the economy had been healthy, these would have been mild blips, not an overall contraction.
    GW Bush inherited Clinton’s recession, which was moderate, and got 9/11 as a surprise. His economic failures led to an unemployment rate below 5% and GDP growth running around 3%. And of course we’ve had that wave of hijackings and terror bombings since then.
    Obama’s signal economic succes has reduced the unemployment rate to around 8% and has buoyed us to typical GDP growth of 1.5%. He has earned the Nobel Peace Prize by his actions in Libya and confirmed that honor by his actions in Yemen, Pakistan and now Mali and Algeria.
    Obama has also created a track record on deficits that will surely be remembered for generations. He achieved more in one term than any president ever had in two.

  • Patty

    The focus of America and it economy isn’t in Gun Control or Immigration. The focus has been for nearly 5 years now Jobs and putting this nation’s economy FIRST.

    Everything Obama has done will lose money for our economy. From Green to Health, if he touches or even thinks of it, he will bankrupt us further. It is insanity that he has not been impeached.

  • FMB42

    So, according to “Shadow” Obama just blamed the shrinking economy, in part, on a sequester that hasn’t (in Shadow’s own words) gone into effect yet…

  • shadow

    Whereas, Karma and uncle would have to misappropriate brains prior to worrying about where they might rest them.

  • shadow

    So, according to “Shadow” Obama just blamed the shrinking economy, in part, on a sequester that hasn’t (in Shadow’s own words) gone into effect yet…

    Err … NO! I’ll say it once again. Please try to follow along.

    1) Fact: The sequester has not gone into effect yet.
    2) Fact: “Obama” didn’t blame anything. The Bureau of Economic Analysis issued a fourth-quarter report. That’s what they do … good, bad or indifferent.
    3) Fact: The Budget Act of 2011 contained spending cuts of $917 billion over 10 years, above and beyond any cuts due to the sequester.

  • Limousine Barry

    This shows that my economic policies are working… to plow the average Joe under! Ha-ha!

    Let me be clear, if this economic trend continues only my cronies and I will have a job!

    Well, except for my illegal uncle Omar… He is drunk and probably happily working at a liquor store! It’s a drunkard’s dream if I ever did see one! I like to call it the Dream Act!

    http://michellemalkin.com/2011/09/29/uncle-omars-getting-the-last-laugh/

    Uncle Omar [Wikipedia]

    “Omar Okech Obama: …sometimes goes by a variation of the name of his father Onyango Obama. Half-uncle of Barack Obama, born on June 3, 1944, in Nyang’oma Kogelo. The eldest son of Onyango and his third wife Sarah Obama, he moved to the U.S. in 1963 as part of Tom Mboya’s Airlift Africa project [Which sucked – ed]. Once he arrived in the U.S., his half-brother, Barack Obama, Sr., found him a place at a boys’ school then known as Browne & Nichols, in Cambridge Massachusetts. He later dropped out of school and changed his name to O. Onyango Obama. He has operated a liquor store in Framingham, where he resided as of March 2011. He was subject to a deportation order in 1989. The Boston Herald reports that he may have illegally obtained a driver’s license and Social Security number… After an unsuccessful appeal, he was given a new deportation order in 1992. He was arrested on August 24, 2011 for driving under the influence, and subsequently held in jail until September 9, 2011, on a federal immigration warrant. His immigration case was remanded, on November 30, 2012, by the Board of Immigration Appeals to the Executive Office for immigration Review for reconsideration of the original order of deportation that was issued in 1986 and re-issued in 1992…” [It’s un-clear where he is at this time – ed]

    http://en.wikipedia.org/wiki/Family_of_Barack_Obama

    My Limousine is spewing fumes and I have to get back to my roots. That would be my aunt and uncle… who are on the dole!

    Screw the economy and the immigration laws! America is great because of illegal liquor store people. I say we should have another amnesty! I cannot answer any more questions. Good day.

  • MonkeyWrench

    America’s economy is looking better every day! US T-Bills are expensive (for buyers, not for US). The Stock Market is booming. Private sector consumer earnings, spending and savings are all moving in the right direction. The only thing shrinking is GOVERNMENT spending. Sandy was a drag last quarter, but will have a positive impact in the days ahead from all the rebuilding.

    Never bet against the good old USA! You’ll lose every time!

  • http://mychal-massie.com/premium/ bg

    ++

    shadow #24 January 30, 2013 at 2:13 pm

    links please,

    and thank you..

    ==

  • Sandy

    Obama and the Dems say that the economy shrank because Bush spent $142 billion in federal funds on Katrina.

    60B allocated on Sandy.

  • mg4us

    We are in the beginning of a DEPRESSION. . .

    Not only did the economy CONTRACT with negative GDP growth. . that is in spite of RISING Population growth of #% and QE3 funny money pumping of 10%!!!

    Get the second point people. .Feds pumping in lots of dollars (OVER $85 BIL per month or OVER $250B per quarter. .OVER a Quarter of a TRILLION DOLLARS!!!!) yet GDP DECLINED!!!!!!

    The dollars purchasing power has been reduced by QE1,2 and 3 by 10+% so GDP needs to be 10% more than normal to be equal. . .

    That is why DOW and Wall Street UP. . .because dollar is down. .but beware. .don’t let rising stock market fool you. . .VOLUME of trades way down vs historical norms. . .
    The perfect condition for Goldman Sachs and other Wall Street Fat cats (DEM Fay cats) for a Pump & Dump. . .

    Do be left holding the bag when they all cash out. . .courtesy of Obama

  • mg4us

    Obama broke it. .Obama owns it. .
    so does Reid & Pelosi. .its the DemocRATs to blame

    You just ain’t seen nothing yet. .

    When Taxes kick in and Obamacare kicks in. . discretionary consumer spending will shrivel up. . .already happening at restaurants. . . theaters, , ,and hotels

  • Winston Wolfe

    Am I the only one who doesn’t give a [email protected] what this punk and his administration has to say anymore?

  • http://mychal-massie.com/premium/ bg

    ++

    October 23, 2012

    Obama fails Bob Woodward’s fact check on sequestration

    [Bob Woodward, who wrote a book about the sequestration, blows the
    whistle on President Obama’s claim during last night’s debate that the
    idea of using deep, automatic, across-the-board domestic and defense
    spending cuts to force Congress to address the nation’s burgeoning
    federal deficit originated in Congress, not in the White House. “What the
    president said is not correct,” Woodward told Politico.]

    D.C. caught off guard by Obama sequester vow

    [President Barack Obama startled Washington during Monday night’s
    foreign policy debate when he said billions in automatic Pentagon cuts
    “will not happen” — a line that could weaken his bargaining power
    during an epic spending and tax fight expected when Congress returns.

    Obama was responding to criticism from Republican rival Mitt
    Romney that American national security is at risk if the defense
    cuts are triggered in early January.

    “First of all, the sequester is not something I proposed, it’s
    something that Congress proposed,” Obama said. “It will
    not happen.”]

    more..

    ==

  • http://mychal-massie.com/premium/ bg

    ++

    Cloward & Piven

    First proposed in 1966 and named after Columbia University sociologists
    Richard Andrew Cloward and his wife Frances Fox Piven (today Piven is
    an honorary chair for the Democratic Socialists of America), the “Cloward
    – Piven Strategy” seeks to hasten the fall of capitalism by overloading
    the government bureaucracy with a flood of impossible demands, thus
    pushing society into crisis and economic collapse.

    ==

  • mg4us

    Obama and the DemocRATs (Reid/Pelosi/Schumer/Franks/Menendez/Durban/Congressional Black Caucus) are doing to USA what THEY DID TO DETROIT!!

    http://www.nbcnews.com/business/stuck-reverse-detroit-edges-closer-bankruptcy-1C8149698

    For a bit of history
    http://www.youtube.com/watch?v=1hhJ_49leBw

    Run by leftists since 1961. . and expanding government, handouts & entitlement programs!!!
    Just Like Obama is doing to OUR Country. .

    Don’t expect a different outcome from Obama based on Detroit case. . .
    Obama never ran anything except as a street community organizer. .
    and he was a loser at that.. . .

    You asked for Change. .now you will get it. . .
    http://www.youtube.com/watch?v=oI8gSRXtDyI

  • http://mychal-massie.com/premium/ bg
  • http://mychal-massie.com/premium/ bg

    ++

    re: #33 January 30, 2013 at 4:00 pm bg

    Cloward-Piven Manufactured Crisis series

    re: The Cloward-Piven Strategy, Part I: Manufactured Crisis missing link..

    The Cloward-Piven Strategy of Manufactured Crisis
    [Obama’s strategy for destroying the economy]

    ==

  • http://mychal-massie.com/premium/ bg

    ++

    re: Sandy #28 January 30, 2013 at 3:24 pm

    November 27, 2013

    Hurricane Sandy vs. Hurricane Katrina

    always with the “irrelevant comparisons”.. *sigh*

    ==

    =

  • Joanne

    What do you expect from people who think food stamps stimulate the economy. They are a bunch of morons trying to pass their bull crap off as great for the growing of the economy. Obama openly states he’s going to bankrupt the coal industry – paraphrasing, but Obama probably blames them closing on the GOP as well. They won’t take blame for anything, because they are stupid and a bunch of babies.

  • shadow

    links please,

    US sequestration postponed until 1 March
    The US military and other agencies still face spending cuts estimated at more than $108 billion in FY2013 alone, but were spared immediate action as a result of the fiscal compromise achieved on 2 January between the Obama Administration and Republicans in Congress.
    http://www.flightglobal.com/news/articles/us-sequestration-postponed-until-1-march-380654/

    Revised Boehner Bill Cuts $917 Billion, Raises Debt Ceiling by $900 Billion
    The new report shows that the bill would cut discretionary spending by $917 billion over 10 years while raising the debt ceiling by $900 billion.
    http://www.weeklystandard.com/blogs/revised-boehner-bill-cuts-917-billion-raises-debt-ceiling-900-billion_577686.html

  • JoyO

    I am waiting for the SUPER-TEFLON of the Progressives running this Administration to wear off so that the American people can see them for the tyrants that they are. They are intentionally running up our national debt so that they can “come to our rescue by seizing all of the power.”
    I just pray that our House of Representatives can overcome them. I would hate to have to support a Third Party but….

  • Lim Lynn

    @Patty
    I don’t think 11 million foreigners who have low skills will strengthen the middle class at all but they will start competing for the best jobs in town.

  • Lim Lynn

    http://weaselzippers.us/2013/01/30/ny-dem-gov-andrew-cuomos-approval-rating-tanks-15-points-after-passing-anti-gun-law/
    http://weaselzippers.us/2013/01/30/crazed-libtalker-john-mccain-deserved-to-be-tortured-by-north-vietnamese-for-bombing-civilians/
    http://weaselzippers.us/2013/01/30/morsi-again-defends-anti-semitic-remarks-what-i-meant-was-some-jews-are-the-descendants-of-apes-and-pigs-not-all-of-them/
    http://weaselzippers.us/2013/01/30/ronald-reagans-childhood-chicago-home-set-to-be-demolished-and-turned-into-a-parking-lot-for-possible-obamas-presidential-library/
    Actual Socialist Democrat Commie wanted to regulate football…just imagine how bad it will become and John Mc Cain deserved to be tortured aren’t Socialist Democrat Commie really that clueless when you are capture it’s always possible being tortured to gain information by the enemy VietCong. Andrew Cuomos approval rate 15 point passing Gun Control. Now Morsi changes his statement to some jews were apes and pigs.

  • Questionman

    If Obama has never fired a shotgun that makes
    him a liar. Now take your pick”
    Yeah, cause we all
    think Dick Cheney was a completely honest guy.

    Obama is Not a Dictator! He’s ambitious, but people who end up being president always are. President’s don’t get discovered by the people sitting on a stool in a soda fountain. They put themselves forward, usually beginning in early adulthood, and never let up. Obama wants power, to do important things — this makes him like presidents such as Lincoln and FDR. As for money, he seems to be a lot less fond of it than our first president, Washington, who became a real estate tycoon, reveling in his wealth.

    economists – ya know, the people who study the economy – do not think we are headed toward another recession. The reason being, the indicators show we are not headed to another recession. The main reason the GDP fell is because of reduced federal defense spending.

    and the obvious fact is that economists are not saying we are going back into recession, and that the GDP drop was mostly due to a 6.6% decrease in federal outlays between Q3 and Q4.

  • Pingback: While Democrats Blame Sequestration For The Bad Economy « Tai-Chi Policy()

  • BurrmaShave

    Obama: If I get caught lying, it’s the Republicans fault; they fail to use the same facts that I make up and use.

  • RedStateGal

    Yes, i just read a Washington Post article moaning about the impending Sequester. They actually stated that it was all a Republican plot. This time, however, everyone who cares remembers Obama’s gloating on t.v. over the deal he devised.

    Hoist on his own petard. Love it.

  • Jerry C

    @ #43 Questionman

    Get your head out of LUITPOS a$$ for one minute and use your pea-brain.

    “If Obama has never fired a shotgun that makes him a liar. Now take your pick”-You admit he’s a liar; yet, you believe what he says. That makes you a fool.

    “Yeah, cause we all think Dick Cheney was a completely honest guy.”-This is called deflection since you cannot argue the facts on your butt-buddy LUITPOS.

    “Obama is Not a Dictator! He’s ambitious, but people who end up being president always are. President’s don’t get discovered by the people sitting on a stool in a soda fountain. They put themselves forward, usually beginning in early adulthood, and never let up. Obama wants power, to do important things — this makes him like presidents such as Lincoln and FDR.”-Then don’t blame Bush you a$$wipe.

    “As for money, he seems to be a lot less fond of it than our first president, Washington, who became a real estate tycoon, reveling in his wealth.”-Unbelievable. Washington risked his wealth & life to create this great nation that you benefit from. LUITPOS spends money like it grows on trees using Kensian economics (i.e. it always fails because you did not print enough money—>seriously, how insane can a person be?!).

    “economists – ya know, the people who study the economy – do not think we are headed toward another recession.”-Ya know, the people who study Kensian economics, who think you can print money to economic growth. Just forget history that shows it never worked (see Zimbabwee, Argentina, Weimar Republic, etc…, and soon to be America).

    “The reason being, the indicators show we are not headed to another recession. The main reason the GDP fell is because of reduced federal defense spending.”-Oh, the same government indicators like the M1 Money Supply stats that were removed along time ago, keeping unemployment figures low by not including those who have given up finding full employment, not including gas & food costs into the stats on inflation, reporting low numbers at the end of Quarter only to be revised up significantly later on, and on & on it goes? No one with a brain uses government statistics anymore because they’re all lies.

    “and the obvious fact is that economists are not saying we are going back into recession, and that the GDP drop was mostly due to a 6.6% decrease in federal outlays between Q3 and Q4.”-You mean the same ‘quantitative easing’ that Geithner said would be unlimited? Seriously, you’re either totally assinine or a complete liar. Take your pick.

    Seriously, I hope you get a clue. Constantly lying to the american public and printing money to oblivion will not create growth. History has proven it as a fact. The truth is that we are in a Depression. And the other fact is America does not have the 75% manufacturing base to get us out of this mess like we had after WWII. So, it’s a mathematical historical certainty that we are headed for a collapse. LUITPOS is doing everything he can to quicken it. Prepare while you still have time.

  • http://mychal-massie.com/premium/ bg

    ++

    Questionman #43 January 30, 2013 at 6:49 pm

    ooh, QM has veered off the racist course, hmmm..

    re: [Yeah, cause we all think Dick
    Cheney was a completely honest guy.]

    why yes, yes he is..

    [The “Gift Trust Agreement” the Cheney’s signed two days before he
    took office turns over power of attorney to a trust administrator to
    sell the options at some future time and to give the after-tax profits
    to three charities. The agreement specifies that 40% will go to the
    University of Wyoming (Cheney’s home state), 40% will go to George
    Washington University’s medical faculty to be used for tax-exempt
    charitable purposes, and 20% will go to Capital Partners for Education,
    a charity that provides financial aid for low-income students in
    Washington, DC to attend private and religious schools.

    The agreement states that it is “irrevocable and may not be
    terminated, waived or amended,” so the Cheney’s can’t take
    back their options later.

    The options owned by the Cheney’s have been valued at nearly $8
    million, his attorney says. Such valuations are rough estimates only
    — the actual value will depend on what happens to stock prices in
    the future, which of course can’t be known beforehand. But it is clear
    that giving up rights to the future profits constitutes a significant
    financial sacrifice, and a sizable donation to the chosen charities.]

    ==

  • http://mychal-massie.com/premium/ bg

    ++

    shadow #39 January 30, 2013 at 5:25 pm

    thanks again..

    and just in case you missed it..

    [Obama’s statement about sequestration cannot be squared
    with Woodward’s account. Here is what the president claimed:

    First of all, the sequester is not something that I’ve
    proposed. It is something that Congress has proposed.

    But Woodward is clear that the Obama
    administration proposed the sequester
    to Congress.]

    ==