Let them eat cake! Organic, gluten-free, Whole Foods cake!

With extra icing roses, no doubt.

While our very own Marie Antoinette rocks out on the Costa del Sol, food stamp use is at an all-time high and unemployment “surprisingly” and “unexpectedly” rose again.

Lest you forgot, Marie and 40 of her best buds reserved half of a posh hotel.  Jim Hoft:

The first lady’s four-day vacation includes reserving 60 rooms in a 129-room hotel.  Accommodations start at $333.00 and go up to $6502.00 per night.  You do the math

That’s some math. 

And what do we have the honor of paying?

While Mrs. Obama pays for her personal expenses, taxpayers pick up the costs of three shifts of Secret Service details and other security and support staffers, plus most costs associated with her Air Force plane.

So, um, most of the tab. 

Via Pundette, a recap of Marie’s vacays thus far in 2010:

She and her family and friends started the New Year in Hawaii, the president’s native state, which the Obamas try to visit each year. Since then, Mrs. Obama has had, or will have, some quality vacation travel. The 2010 list:

1. March: Over spring break, Mrs. Obama, her daughters and mother, Marian Robinson, visited New York with friends and took in some Broadway shows.

2. Memorial Day: a weekend trip home to Chicago.

3. June: Mrs. Obama, her girls and her mother flew to Los Angeles for sightseeing.

4. July: A Camp David visit (though the presidential retreat can be considered an extension of the White House).

5. July: A weekend in Maine, sightseeing in Acadia National Park, part of an Obama plan to showcase national parks.

6. Aug. 4-7: Spain.

7. Aug. 14: A first family weekend planned on the Florida Gulf coast. The first couple have been trying to draw tourists to the area in the wake of the BP disaster.

8. Aug. 19-29 The first family will vacation on Martha’s Vineyard.

In other news, there seems to be no limit to the ways the Obami plan to spend taxpayer money.  Rumored to be an “August surprise,” the Obami need votes, stat.  So here comes the Mother of All Bailouts, a mortgage “Hail Mary” so to speak:

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Recall that on Christmas Eve 2009, the Treasury Department waived a $400 billion limit on financial assistance to Fannie and Freddie, pledging unlimited help. The actual vehicle for the bailout could be the Bush-era Home Affordable Refinance Program, or HARP, a sister program to Obama’s loan modification effort. HARP was just extended through June 30, 2011.

The move, if it happens, would be a stunning political and economic bombshell less than 100 days before a midterm election in which Democrats are currently expected to suffer massive, if not historic losses.

Ed Morrissey:

A massive write-down of principal in underwater mortgages would cost us additional tens of billions of dollars, if not $100 billion or more, in order to get these mortgages to market level.  That money won’t come out of thin air, either.  Either it will take taxpayer dollars to make up the difference, or the sudden and arbitrary writedown will make Fannie/Freddie investors a whole lot more poor than they were before.  The Obama administration can’t afford to send Wall Street reeling with that kind of shock, especially this close to an election and with the economy already sinking, so it would almost certainly require massive taxpayer subsidies to accomplish, on top of what’s already been spent on TARP bailouts.

In other words, it’s exactly the same kind of Obamanomics that we have seen for the last eighteen months — spend what we don’t have now, run up debt like crazy, and hope that a momentary spike will translate into political success.  Unfortunately, that has also been the formula for long-term economic failure.

Professor Jacobson says they “wouldn’t dare,” but notes that “[n]othing would surprise me anymore.”

Ain’t that the truth?

Oh, wait, surprise! More from Hot Air: The Department of InJustice now milks more “leftover” money out of plaintiffs and directs it toward “qualified organizations” that weren’t party to the claims process. I wonder how qualified ACORN is, eh?

I can see November from my house, but it’s not soon enough.


One Response

  1. […] Let them eat cake! Organic, gluten-free, Whole Foods cake! […]

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