Cost of gas, food has skyrocketed under Obama

So far, during the presidency of Barack Obama, the price of a gallon of gasoline has jumped 83 percent, according to data from the Bureau of Labor Statistics.

During the same period, the price of ground beef has gone up 24 percent and price of bacon has gone up 22 percent.

When Obama entered the White House in January 2009, the city average price for one gallon of regular unleaded gasoline was $1.79, according to the BLS. (The figures are in nominal dollars: not adjusted for inflation.) Five months later in June, unleaded gasoline was $2.26 per gallon, an increase of 26 percent. By December 2011, the price of regular unleaded gas per gallon was $3.28, an 83 percent increase from January 2009.

The price of unleaded gasoline never reached the 10-year high of $4.09 back in July 2008 under George W. Bush’s administration, but it did get close.

By May 2011, gas prices hit a high under the Obama administration at $3.93, about four percentage points away from the July 2008 high.

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Read more at CNSNEWS.com HERE.

Obama’s Middle East Miscalculation

 

A little-noticed event gives a grim insight into what is really happening in the Middle East. The euphoria of the “Arab Spring,” the instant Twitter-style transition from dictatorship to democracy, is seen for what it is: an illusion. Yes, the dictatorship of one kind has gone, but democracy in the sense we understand it is, shall we say, somewhat delayed.

There have been any number of disappointments. The event that should give us pause about the underlying forces was obscured by the Christmas holiday. In mid-December, violent Islamic Salafist extremists burned down Cairo’s famous scientific Institute d’Egypte, established by Napoleon in the late 18th century during a French invasion. The institute housed some 200,000 original and rare books, maps, archaeological objects, and rare nature studies from Egypt and the Middle East, the result of generations of work by researchers, mostly Western scholars. Zein Abdel-Hady, who runs Egypt’s main library, remarked, “This is equal to the burning of Galileo’s books.”

The Salafists, who hate all things Western, no doubt saw their vandalism as an act of defiance against the West, destroying the precious documents of historical Egypt that were so intimately connected to the West. They are either too ignorant and/or too careless to realize that they were destroying their own heritage from Pharaonic Egypt.

Last year in the Middle East was the most dramatic it has known for many. The series of uprisings in Egypt were marked by the emergence of Islamic forces from years of suppression. They scored dramatic political gains in Tunisia and Libya, too. Leaders who perceived themselves as invincible fell, one after the other, the most dramatic being the end of the rule of Egyptian leader Hosni Mubarak.

The United States could not decide whether to support a regime that was disagreeable, but yet a strategic ally, or abandon it because it ignored fundamental American values like freedom and democracy (which means not just fair elections and majority rule, but respect for the rule of law, equal rights for women, tolerance of minorities, and freedom of expression). Alas, with the collapse of the Mubarak regime, the cause of freedom in Egypt is set back since, in the battle between the army and the conservative Islamic extreme, the Islamic bloc won by an overwhelming majority, with first place taken by the Muslim Brotherhood and second place grabbed by the Salafi extremists. By the time the elections are finished, there is likely to be at least a two thirds majority for an Islamist constitution. What we are witnessing is a democratic election of a dictatorship.

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Read more at USNews.com HERE.

Santorum’s Choice

Rick Santorum (and his supporters) have a decision to make.

Does Santorum still believe that Mitt Romney is “the candidate that will stand up for the conservative principles that we hold dear” as he said when he endorsed him four years ago instead of Mike Huckabee (he said Romney and not Huckabee was “the only place to go” for conservatives)?

Or is Santorum now firmly convinced that Romney is the man he confronted in the final debate before the Iowa Caucuses for destroying marriage in his own state, and represents a total repudiation of the values and principles Santorum has fought for his entire political career?

If Santorum can live with Obamney as the alternative to Obama this fall, then by all means he should continue doing exactly what he’s doing. Who knows, maybe he’ll do it well enough to earn a spot on Romney’s ticket or at least in a Romney administration. It shouldn’t be all that far-fetched that Santorum would join up with Romney, because he did it just four years ago.

But if Santorum believes that replacing Obama with Obamney represents a major setback in the battle to win the future for our children and grandchildren, then he needs to realize he may never have as much leverage on a national stage then he does right now to give the country a true alternative in the general election—and also stop the Republicrat establishment he fought as a senator from having its way yet again.

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Read more at SteveDeace.com

Pro-life congressmen hopeful despite 39th Roe v. Wade anniversary

Members of the U.S. Congress reflected on the negative effects of almost forty years of legal abortion in America, but said they are encouraged that the pro-life movement continues to gain momentum.

The estimated thousands of people who will “descend upon Washington” for the Jan. 23 March for Life, remind the country of its obligation “to protect life and be stewards” of God’s creation, said Rep. Renee Ellmers (R-N.C.).

Jan. 22 marks the 39-year anniversary of the Roe v. Wade Supreme Court decision that legalized abortion in the United States.

Rep. Ellmers told CNA/EWTN News on Jan. 20 that the protection of life is “a mission that is very near and dear to my heart.” The Congresswoman explained that she worked as a nurse for more than 21 years which taught her “that every life is a precious gift from God.”

“I’ve held the hands of newborn infants, and I’ve held the hands of elderly patients in the last moments of their lives,” she said. “I have witnessed firsthand how fragile and delicate our lives are and the miracles that take place every day.”

Rep. Ellmers said that the March for Life is important because it “serves as a powerful reminder of the injustice taking place in our country and the millions of lives lost but not forgotten.”

Congressman Ron Paul (R-TX) said he believes that America’s “love for liberty” can be measured by how “the most innocent” members of society are treated.

“And the pro-life movement has played an extremely important role in fighting to make sure innocent life is protected,” he told CNA/EWTN News.

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Read more at CNA/EWTN NEWS HERE.

Behind the numbers: Debates, late deciders propel Gingrich to win

Newt Gingrich posted a double-digit victory in Saturday’s South Carolina primary, with late deciders delivering a clear rebuke to Mitt Romney, the one-time-front-runner.

In the exit poll of voters as they left polling places in South Carolina Tuesday, nearly two-thirds said recent debates were an important factor in their vote, and Gingrich won them by a resounding 50 to 22 percent margin over Romney. You can see the full exit poll results using the Post’s Primary Tracker, where you can sort each candidate by their best and worst groups.

Late deciders – Gingrich’s debate performances in the past week may have won over late-deciding voters. In the exit poll, more than half of voters said they decided in the closing days of the campaign, and Gingrich won by 20 points in this group. Romney tied Gingrich among those who decided earlier.

Beating Obama – Unlike in Iowa and New Hampshire, Gingrich beat Romney among those who prioritized an ability to win in November over other candidate qualities. Some 45 percent said this was the most important trait in a candidate, a bigger hunk of the electorate than in Iowa or New Hampshire. Romney won “electability” voters in the two previous contests by overwhelming margins (63 to Gingrich’s 11 percent in New Hampshire, and 48 to 20 percent in Iowa). In South Carolina, Gingrich won a slim majority of these voters.

Dissatisfaction with Romney – Exit polls show fewer than four in 10 primary voters saying they would enthusiastically support Romney if he were the party’s nominee. Nearly half would back him, but with reservations. About one in 10 said they wouldn’t back him at all. Gingrich cleaned up among voters with reservations about Romney, winning 50 percent of their votes. A large proportion of Paul’s supporters said they wouldn’t back Romney in November if he ended up as the GOP standard-bearer.

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Read more at the WashingtonPost.com HERE.

Newt Gingrich Wins. What it Means

No candidate has won the GOP nomination for President without winning South Carolina since Ronald Reagan in 1980. But every one of those candidates who won had also won either Iowa or New Hampshire.

We’re now confronted with a designated front runner, Mitt Romney, who got less votes in Iowa in 2012 than he got in 2008 and who lost South Carolina. His reason for being somehow remains that he is “electable.”

If you read a lot of the Republican commentary coming out of Washington even before the polls closed, suddenly South Carolina is irrelevant and the hick rubes of the Palmetto state are just petulant children.

Actually, like with Iowa, it is a rather desperate scream to get another player on the field. It is a red flag. It is the giant “Danger” sign ahead for the general election.

Newt Gingrich’s rise has a lot to do with Newt Gingrich’s debate performance. But it has just as much to do with a party base in revolt against its thought and party leaders in Washington, DC. The base is revolting because they swept the GOP back into relevance in Washington just under two years ago and they have been thanked with contempt ever since.

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Read more at RedState.com HERE.

Fed gambling on another trillion of QE to calm recession fears, slow loss of personal wealth

Consensus is building fast that the Federal Reserve will roll out a third round of quantitative easing, possibly as high as $1 trillion and likely by the end of January, economists say.

The Fed has already carried out two rounds of quantitative easing, in which it buys assets from banks with freshly printed money with the aim of steering the economy away from deflation and contraction.

The Federal Open Market Committee, which sets monetary policy, meets next Tuesday and Wednesday and a decision could come then.

While improving economic indicators had many believing a third round, known as QE3 wouldn’t be necessary, a slumping housing sector and the onset of recession in Europe may prove otherwise.

Home values may be falling and even bottoming out, but personal wealth remains battered from the recession, which keeps home prices from recovering and the economy remains stuck in the doldrums before contracting anew.

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Read more at Newsmax.com HERE.

Romney Fading Nationally?

Mitt Romney is a considerably weaker front-runner among Republican registered voters nationally than he was at the beginning of the week. Romney now leads Newt Gingrich by 30% to 20%, with Rick Santorum and Ron Paul tied at 13%. At the beginning of the week, Romney had a 23-percentage-point lead over Gingrich and Santorum.

The latest results, based on Gallup Daily tracking interviews conducted Jan. 15-19, only partially reflect the potential impact of the dramatic events that have roiled the GOP presidential race this week. These include the withdrawal of two candidates (Jon Huntsman and Rick Perry) from the race, a televised interview given by Gingrich’s second wife in which she discussed her former husband’s extramarital affair, the continued focus on Romney’s tax returns, the announcement that Santorum rather than Romney apparently won the Iowa caucuses, and a lively debate in South Carolina Thursday night in which Gingrich lashed out at the news media, and the CNN moderator in particular.

Polls in South Carolina suggest that Gingrich has a good chance of winning that state, and if so, the race could tighten further in the coming days.

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Read more at Gallup.com HERE.

Romney demands Gingrich house ethics files

Newt Gingrich slammed a request Friday by Mitt Romney that he release all files from a congressional ethics investigation in the late 1990s, reminding reporters that Romney has refused to release his tax returns.

“Give me a break,” Gingrich said after a rally in Orangeburg, S.C. “I refuse to take seriously any request from the Romney campaign to disclose anything because they clearly don’t want to disclose anything at any level that involves them.”

Gingrich noted that a 900-page report on the investigation — which led to his reprimand by Congress — is already public.

In the wake of polls showing him now ahead of Romney in the South Carolina primary, Gingrich expressed cautious optimism about Saturday’s vote.

“I hope to win South Carolina, you know, God willing we’ll win,” Gingrich said. “And tomorrow night will be very interesting.”

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Read more at USA Today HERE.

New Poll Shows Gingrich Closing on Romney

A Public Policy Polling poll shows Mitt Romney leading the pack — with former House Speaker Newt Gingrich closing the gap one week from the first-in-the-south presidential primary in South Carolina.

Polling data suggests that Romney’s slim leader status may be buttressed by the Palmetto State electorate’s current take on his ultimate electibilty in the 2012 national contest.

The poll released yesterday shows the former Massachussetts governor at 29 percent support, former House Speaker Newt Gingrich at 24 percent and a tight battle for third and fourth place with Texas Cong. Ron Paul at 15 percent and former Pennsylvania Sen. Rick Santorum with 14 percent.

More so than PPP found in Iowa and New Hampshire, voters in South Carolina are concerned about whether the person they back can actually defeat President Barack Obama.

Fifty percent say they are concerned about that, and there is a strong feeling in South Carolina that Romney will be the nominee. Thirty-seven percent say they are more concerned about where the candidate they support stands on the issues.

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Read more at Newsmax.com HERE.