Biden Still in Denial About “Recovery”

Joe Biden will visit NH on Thursday August 26, 2010. He will appear at an event promoting the stimulus bill in Manchester.

GRANITE STATE OF DENIAL
Biden Still Denying That Obama Team’s Policies Have Hurt New Hampshire Residents

“Vice President Biden Travels To New Hampshire Tomorrow To Mark A Recovery Act Milestone With Representatives Paul Hodes And Carol Shea-Porter. Biden Will Speak At A Private Home In Manchester.” (Stephanie Vallejo, “Biden To Visit New Hampshire To Highlight Recovery Act Progress,” The Boston Globe, 8/25/10)

OBAMANOMICS HURTING NEW HAMPSHIRE FAMILIES AND BUSINESSES

New Hampshire’s Union Leader: “It Doesn’t Take A Genius To See That The Democrats’ So-Called Economic Recovery Plans Are Failing. All It Takes Is Common Sense, Which Is In Short Supply In Washington These Days.” (Editorial, “What Recovery: Redistribution, Not Growth,” The Union Leader, 8/10/10)

New Hampshire Home Sales Fell By 32 Percent In July. “After a string of nine consecutive months of increases, New Hampshire residential home sales decreased by 32 percent in July, while the median price for residential homes fell by 1 percent after six consecutive monthly increases, according to data released this week by the New Hampshire Association of Realtors.” (“New Hampshire Home Sales Decrease In July,” Foster’s Daily Democrat, 8/14/10)

The National Housing Market Is Being Dragged Down “By A Weakening Economic Recovery.” “The housing market is also being hampered by a weakening economic recovery. Unemployment remains stuck at 9.5 percent and many prospective buyers worry they might not have a job to pay the mortgage. Prices are low, but that’s largely because foreclosures are running about 10 times higher than before the housing bust. And while mortgage rates are at the lowest levels in decades, many people can’t qualify because banks are being selective in the tough economy.” (“Sales Of Existing Homes Plunged In July,” MSNBC, 8/24/10)

The Union Leader: “Washington Policies Are Discouraging Private Investment And Business Expansion.” “This is the basic problem with the government’s ‘recovery’ efforts. They are redistributions of wealth that don’t stimulate the broader economy. Meanwhile, other Washington policies are discouraging private investment and business expansion. The economy sputters along while Washington Democrats dole out cash to their friends.” (Editorial, “What Recovery: Redistribution, Not Growth,” The Union Leader, 8/10/10)

Foster’s Daily Democrat: New Hampshire’s Businesses Need To Know If The “Potentially Debilitating Tax Increases” Are Coming. “While Congress has five months to settle the issue and extend the tax cuts, the longer it waits the more damage will be done to the economy. Businesses need lead time to plan for potentially debilitating tax increases. Individuals will also have to make plans. Five months is little time to do that.” (Editorial, “Don’t Let Obama’s Tax Increases Go Into Effect,” Foster’s Daily Democrat, 7/27/10)

The Average Middle Class New Hampshire Family Faces An $1,698 Increase In Their Taxes With The Dems’ Tax Hike. (“Effect Of Expiration Of Bush-Era Tax Cuts On Average Middle-Income Family, By State And Congressional District,” The Tax Foundation, Accessed 8/25/10)
With Rep. Shea-Porter’s District Facing An Even Larger Increase Of $1,705. (“Effect Of Expiration Of Bush-Era Tax Cuts On Average Middle-Income Family, By State And Congressional District,” The Tax Foundation, Accessed 8/25/10)

WITH OBAMACARE ADDING TO THE PAIN

ObamaCare Hits New Hampshire Ski Resorts Who Will Face “As Much As $1 Million In Fines.” “The assessment is $2,000 per employee, which, according to SkiNH lobbyist Bruce Berke and group president Alice Pearce, could mean as much as $1 million in fines to the big ski resorts, some of which hire as many as 500 seasonal workers. Also affected would be any business that hires on a seasonal basis, and, like most nationally, do not offer health insurance.” (John DiStaso, “Granite Status: Ski Resorts Worry Health Care Reform Will Have Chilling Effect,” The Union Leader, 3/25/10)

Leaving NH Ski Resorts To Either Cut Jobs Or Raise Prices. “Otherwise, Pearce said, it will be up to each ski resort (and presumably, seasonal attractions statewide) to figure out how to handle it. The choices are pretty clear, either increase prices or cut costs, which could mean hiring fewer workers next winter.” (John DiStaso, “Granite Status: Ski Resorts Worry Health Care Reform Will Have Chilling Effect,” The Union Leader, 3/25/10)

Impacting An Industry That Generates Hundreds Of Jobs And $560 Million For New Hampshire Annually. “The New Hampshire ski industry generates about $560 million annually in visitor spending and about $60 million in tax revenue. Approximately 10 percent of the state’s wintertime jobs are related to skiing, and New Hampshire is one of the nation’s top five states in terms of the total economic benefit derived from skiing.” (University Of New Hampshire, “NH Skiers Facing Downhill Slide Of Diminishing Ski Areas, Press Release, 11/9/06)

New Hampshire Union Leader Editorial Says About ObamaCare: “Rushing Such A Colossal Piece Of Legislation Into Law Was A Huge Mistake.” “This comes after the news that the law did not extend insurance coverage to ‘children’ as old as 26, as intended, and would be highly unlikely to reduce insurance premiums or health care costs (also reported in The New York Times after the bill passed). We are only beginning to discover what this bill will actually do versus what its advocates claimed it would do. The more that comes out, the clearer it is that rushing such a colossal piece of legislation into law was a huge mistake.” (Editorial, “Oops, We Did That? More Health Care Surprises,” The Union Leader, 4/14/10)