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Krauthammer: Call Obama’s Sequester Bluff

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For the first time since Election Day, President Obama is on the defensive. That’s because on March 1, automatic spending cuts (“sequestration”) go into effect — $1.2 trillion over ten years, half from domestic (discretionary) programs, half from defense.

The idea had been proposed and promoted by the White House during the July 2011 debt-ceiling negotiations. The political calculation was that such draconian defense cuts would drive the GOP to offer concessions.

It backfired. The Republicans have offered no concessions. Obama’s bluff is being called and he’s the desperate party. He abhors the domestic cuts. And as commander-in-chief he must worry about indiscriminate Pentagon cuts that his own defense secretary calls catastrophic.

So Tuesday, Obama urgently called on Congress to head off the sequester with a short-term fix. But instead of offering an alternative $1.2 trillion in cuts, Obama demanded a “balanced approach,” coupling any cuts with new tax increases.

What should the Republicans do? Nothing.

Read more from this story HERE.

Video: Hannity, Malkin, and Williams Discuss Obama’s Broken Promises

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Michelle Malkin and Juan Williams joined Sean Hannity on the Hannity Show last night to discuss the discrepancy between Obama’s promises regarding the place of lobbyists in his administration, transparency, healthcare, deficits, tax hikes, and more.

Malkin predictably pummels the president for being duplicitous, while Williams insists we have to give the administration more time.

Hannity highlighted the very different standard applied by the media to George Bush. Clearly the Bush rule don’t apply to this president.

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Zimmerman Brother: Obama ‘Bullied’ My Family (+video)

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Photo Credit: Breitbart George Zimmerman was back in court today for a hearing on the start date for his trial on murder charges. Zimmerman, of course, was the Hispanic neighborhood watchman in Sanford, Florida, who trailed a young black man named Trayvon Martin after calling 911, got into an altercation with Martin in which Martin ended up pounding Zimmerman’s head into the pavement, and then ended up shooting Martin in the chest. The media used the Zimmerman case as an opportunity to bully Americans over their supposed racial intolerance. Even the President of the United States weighed in in the midst of an election cycle, suggesting that if he had a son, he’d look like Trayvon Martin.

Breitbart News had the opportunity to sit down for a one-on-one interview with George’s brother, Robert, in Los Angeles. Excerpts of that interview played tonight on Fox News’ Hannity.

Robert didn’t pull any punches about President Obama’s role in raising the threat level to his brother – and to his family. “We do feel that we’re threatened,” Robert told Breitbart News. “There’s not been a legal resolution in this matter. And even the day that there is legal resolution in this matter, the day that happens I don’t think that every single fear of some kind of retribution will simply just go way, but we’re coping as bets we can, day by day.”

Read more from this story HERE.

Video: Bill Wittle Tells Us What Difference Last Week’s Benghazi Hearing Makes

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Whatever Mrs. Clinton thinks about the difference between good judgment and dead Americans, the American people do care whether their leaders are able to negotiate tough situations in a competent manner.

The Benghazi hearings last week, though not particularly productive, were revealing when it comes to the attitudes of this Administration toward ordinary Americans.

Wittle says the difference made is between the freedom to speak one’s mind, and that of being imprisoned for speaking out of turn. In short, the difference is what we make of the First Amendment of the United States Constitution.

For the unfortunate man who created the anti-Islamic video, Benghazi made a world of difference, since he now sees the world from behind bars.

The difference we make of the Benghazi debacle is either truth or error, liberty or tyranny.

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Obama Says U.S. Needs Revenue Along With Spending Cuts

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Photo Credit:Andrew Harrer/Bloomberg President Barack Obama said there is “no doubt” the government needs new revenue from closing tax “loopholes” and limiting deductions, along with enacting spending cuts, to reduce the federal deficit.

There’s “no reason why we can’t have really strong growth in 2013,” the president said in an interview with CBS television yesterday before the network’s Super Bowl broadcast. He cited a recovering housing industry, strong manufacturing and rising car sales.

Revenue could be raised through an overhaul of the tax code, he said, “and we can do it in a gradual way so that it doesn’t have a huge impact.”

“There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit,” he said. “I don’t think the issue right now is raising rates.”

Two reports last week suggested worrying signs about the economy. The Commerce Department said Jan. 30 that the gross domestic product, the value of all goods and services produced, dropped at a 0.1 percent annual rate in the fourth quarter, the worst performance since the second quarter of 2009, when the world’s largest economy was still in the recession.

Read more from this story HERE.

Obama Calls on Boy Scouts to Welcome Homosexuals

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Photo Credit: tedeytanPresident Obama called on the Boy Scouts to open their ranks to homosexuals.

His response came during an interview ahead of Super Bowl XLVII. CBS News’ Scott Pelley asked the president if scouting should be open to gays.

“Yes,” the president replied. “Gays and lesbians should have access and opportunity the same way everyone else does.”

BSA national leaders are meeting this week in Dallas to discuss lifting a ‘no-gay’ ban on both members and leaders.

On Monday a group of 42 religious groups will publish a half-page ad in USA Today calling on the Scouts to resist political and economic pressures to lift the ban.

Read more from this story HERE.

Counting The Ways The Media Lies About The Economy

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Photo Credit: John NoltePop quiz: What was the biggest news story this week? And I don’t mean, what was the biggest news story according to Obama’s media.

Obviously, it was the economy taking a nosedive into negative territory last quarter, along with the fact that hardly enough jobs were created last month to keep up with population growth. Oh, and the unemployment rate increased. Of course the economy is the biggest story; it affects the most people and Obama’s doing it wrong.

But not only is the media never-minding the economy, much of the media coverage related to economic bad news is forever being spun into good news. A few examples…

Politico saw the jobs numbers as something that “could soothe some of the renewed economic anxiety in Washington[.]”

The AP saw the jobs numbers as proof “[t]he U.S. job market is proving sturdier than expected” and “mostly encouraging.”

Read more from this story HERE.

Obama’s Radical Friends: OFA 2.0 Considering Merger with Radical Left-Wing Groups

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The new Obama advocacy nonprofit Organizing for Action is reportedly considering a merger with a left-wing umbrella group whose financiers have ties to Palestinian terrorists and Central American Marxists.

The Common Purpose Project (CPP), an affiliation of left-wing activist groups, may merge with Organizing for Action, the new 501(c)4 iteration of the Obama campaign’s 527 group, Organizing for America.

The Common Purpose Project held periodic meetings attended by top liberal groups during President Barack Obama’s first term. Top White House officials regularly attended the meetings and the president himself has even attended one.

Erik Smith and Laura Burton Capps—CPP’s founder and the group’s managing director, respectively—have reportedly attended at least 50 “planning sessions” at the White House.

Among CPP’s donors are Sandor and Faye Straus, founders of the left-wing Firedoll Foundation. The couple has funneled money to a host of radical organizations through Firedoll.

Read more from this story HERE.

‘Creative Accounting’ at the Federal Reserve?

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As the story goes, the Federal Reserve”made” $91 billion dollars last year, sending $89 billion of that to the U.S. Treasury. Until 2008, about the only earning assets the Fed owned were U.S. Treasury bonds.

Let’s stick with that for the moment.

The interest the Fed earns on those bonds is paid by the U.S. Treasury! The Fed keeps 1 percent of the earnings to pay its rent and sends the rest back to the Treasury. So every dollar the Treasury pays to the Fed is returned, less a 1 cent handling cost. So the interest cost the Treasury incurs is magically turned into Treasury income!

There is no limit in principle to the amount of Treasury debt the Fed can buy so it can makes lots of money!! The Fed has increased its assets by over $2 trillion since 2007, a real money-maker!

Yes, the Fed has also purchased a lot of mortgage backed securities, but those have a Treasury guarantee, so same deal, in terms of who bears the risk, but of course mortgage holders are paying the interest and giving it to the Treasury (that lent them the money in the end).

Read more from this story HERE.

Obama Faces Tough Sell With Sheriffs on Gun Control

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Photo Credit: Washington ExamerPresident Obama will travel to Minnesota on Monday with hopes of building support in the law enforcement community for his set of gun control initiatives.

However, public safety officials outside urban pockets are increasingly hostile toward a sweeping set of proposals they say would do nothing to curtail violence.

As the details of Obama’s gun plan emerged — a ban on assault weapons, a prohibition on high-capacity ammunition clips and universal background checks — urban law enforcement officials were among the most vocal proponents of the blueprint. However, over time, police officials in suburban and rural areas have expressed misgivings, with some becoming outspoken critics of the president’s ideas.

That cultural gap has remained, and some analysts said it has become imperative for Obama to at least partially bridge it. ,/p>

“It’s essential for advocates of gun control to have the support of the law enforcement community,” said Adam Winkler, a law professor at the University of California, Los Angeles, and author of the book “Gunfight: The Battle Over the Right to Bear Arms in America.” “Americans are willing to give so much deference to first responders, but the problem is that many in law enforcement don’t think the president’s ideas are aimed at crime.”

Read more from this story HERE.