Category Archives: Economy

Still Thinking Obamacare Is Affordable?

It’s so affordable that the Obama administration had to prime the insurance industry with payoffs for their losses for getting onboard with the misnamed Affordable Care Act. Those payoffs end next year.

And already, despite the government’s best efforts to use taxpayer money to give the illusion that it is working as advertised, it is not. And those payoffs are supposed to end in 2016.

It may not be performing as advertised. But, it is working exactly as planned. The pathway to single-payer healthcare is widening.

State-run health insurance markets that offer coverage under President Barack Obama’s health law are struggling with high costs and disappointing enrollment. These challenges could lead more of them to turn over operations to the federal government or join forces with other states.

Critics of Obamacare saw it coming long before it was rammed down America’s collective throat. But they were dismissed by the Left and its media being racists, not liking the government takeover of 16% of the private economy and ruining the health insurance industry just because Obama is Black. As if it would be OK if Obama were only White.

On this legislation, there’s no victory lap for being right. So far it’s a moot point, because electing a Republican majority in both the House and Senate with a mandate to repeal it has failed. It has failed because those Republicans have betrayed their constituents by failing to do what they were elected to do. They have caved on every plank of that mandate.

There are way too few republicans running for president with the gonads to turn this ship around. Most of them are responsible for running full speed ahead.

Links: State health insurance markets struggle with cost challenges   |  OBAMACARE HIGHLIGHTS AND RACKETEERING

Unemployment Rate 10.5%, Not 5.3%

You’ve seen it on the news, “Total nonfarm payroll employment increased by 223,000 in June, and the unemployment rate declined to 5.3 percent.” That, according to the U.S. Bureau of Labor Statistics.

Wasting not a millisecond, President Obama is in front of a camera touting his progress. The only problem is that there is no progress. As pointed out earlier here, several times, the unemployment rate isn’t dropping because more people are working. It’s dropping because the BLS has stopped counting all the unemployed for the low numbers that the media and The White House are bragging about.

The 5.3% you see in the news, is known as the U-3 report. That rate went down from 5.5% in May 2015. And, 223,000 jobs were created in June. That’s not enough new jobs to break even when retirements, deaths, and population growth are considered. That’s why the labor participation rate is at Jimmy Carter era levels, and has been for years.

The unemployment rate dropped .2% for June from May’s 5.5% because for the month of June, 432,000 dropped out of the labor force. Which means, they’re no longer counted. It’s as though they don’t exist for purposes of calculating the U-3 unemployment rate. The real unemployment rate, known as the U-6, is 10.5%.

Don’t be surprised to see the U-3 to get below 5% before President Obama’s term ends. Just remember why. It’s not because of net new jobs being created. It’s because of not counting all who are not working, and counting people getting a second or third job to make ends meet are counted as a new job being created. Part of that 223,000 number.

What Rotting On The Vine Looks Like

The cultural decay of America didn’t just happen in the last couple decades. This was proscribed in American culture three-quarters of a century ago.

A political party, running from decades of racial discrimination, and the pop culture of the 1960’s in the form of its music and entertainment, gave the process a booster shot.

The pilfering of Social Security’s so-called “lock-box” to fund welfare programs, and a youth anti-war movement that embraced the “Love the one you’re with” mindset,  magnified by a non-critical news media were the termites introduced to American society. Defeating liberalism is the treatment.

Walter E. Williams’ chronicles this in a way that no one else has, in this piece, Intellectual Dishonesty and Cultural and Social Pathology. Continue reading What Rotting On The Vine Looks Like

Pres. Obama Wins M.R.I.O.T.D. Award

Speaking with Young Southeast Asian Leaders Initiative Fellows at the White House, President Barack Obama said that under his leadership, the United States has become the most respected country in the world.

Of course, these weren’t real world leaders. The real leaders were at home ROTFL. These were students, who probably knew better.

This assertion is like his assertion that he has this economy in a recovery, while there is not a single economic measure that would support that claim. Beginning with, he economy is contracting, lowest worker participation rate since Jimmy Carter, real unemployment rate is north of 10%, more businesses are closing than are opening, and, a record number of people are on government assistance and food stamps.

On the world stage, every country he has had a hand in has been a disaster. Starting with the United States, the Arab Spring, Benghazi, Libya, Syria, Iraq, Iran, Russia, Ukraine, China, and the rise and strengthening of terrorists around the world.

The winning statement . . .

and today once again, the United States is the most respected country on earth

For this, President Obama wins the award for the Most Ridiculous Item Of The Day award. For the third time.

Links: President Obama: Under My Leadership, US Once Again Most Respected Country on Earth  |  Young Southeast Asian Leaders Initiative Fellows

Climate Politics, Another Loser?

The War On Weather, or if you prefer, Man-Made Global Warming, is not going so well. Not near as good as the War on Terror. What?

  • So far, the pilots have failed to make a noticeable dent in carbon emissions
  • “This is still a market created by policy,” Kong said. “The policy needs to follow the market at some time.”
  • Starting in 2013, China set up the seven pilot markets in the country’s largest cities – Beijing, Tianjin, Shanghai, Chongqing and Shenzhen – as well as the industrial provinces of Guangdong and Hubei. Since mid-April, the seven markets have traded a total of 31.2 million tons of carbon. The European market in its first year traded more than 10 times that amount of carbon.

And about the time the President was telling the graduates at the United States Coast Guard Academy how man-made climate change was the greatest threat to our country, the CIA shut down its program to use its spy satellites to look at the weather.

Link: China readies national carbon market to fight climate change  | CIA shuts down program using spy satellites to track climate change 

A Discussion About Race

Walter E. Williams perfectly elucidates the plight of Blacks today. And it has nothing to do with racism, as he documents. Basically two things, liberal government policies that ease the consequences for poor decision-making, and minimum wages keeping those wanting to start a job from getting a job.

You’ll be shocked to see the social cost of government policies upon the Black community. The numbers he researched tell a story very different from the grievance industry today.

Continue reading A Discussion About Race

37% Of Americans Not Working

To say that the Obama administration represents Jimmy Carter’s “second term,” is not a stretch. That’s because the labor participation rate hasn’t been this low since the malaise of the Carter era.

The “labor participation rate” is the percentage of people who can work that are working. The labor participation rate for April 2015 is 62.8 percent. More than one-third of the American work force, ninety-three million, are looking for work.

This is what the Obama administration is touting as a recovery. And President Obama readily admits, “there’s more work to do.” Translation; “what I’m doing isn’t working the way you think it should, but you’ll get used to it after a while. Remaking America takes time.”

Here’s how the BLS describes it . . .

 [T]he dynamic demographic, economic, and social forces that once spurred the level, growth, and composition of the labor force have changed and are now damping labor force growth.

To illustrate what 93,000,000 Americans out of work represents, look at it this way. It could represent the populations of Ireland, Norway, Finland, Denmark, Switzerland, Austria, Sweden, Hungary, Portugal, Greece, Belgium, and Lithuania combined. Or ALL of Germany, or Turkey, or the United Kingdom, or France, or Italy, and a few million more.

And look at the president’s solution. Grow government and shrink the private sector, raise taxes, raise national debt, and make more people dependent on the dwindling number of taxpayers lucky enough to still have a job. He has a perverse view of economics. He thinks expanding government and spreading the wealth around amounts to economic recovery.

And it’s not because he doesn’t know what it takes to stimulate economic activity to actually grow the economy. It’s because he knows that growing the economic pie would mean shrinking government and its control over the people. And that goes against his goal of remaking America as he sees it. As though we have a new founding father in The White House.

Link: Bureau of Labor Statistics

Obama Dumps On Blacks, Minorities, Americans

Minorities, and all American citizens, believe this:

Your job, and family, is not as important to President Obama as illegals being able to vote. And it’s not just an affront to Black Americans, it’s an affront to ALL Americans.

Obama pledges allegiance to his ideology in a way that all dictators do. His allegiance is not to this country or you, a citizen.

Ask yourself this;

  • with a labor participation rate at 62.7%, a level not seen since the malaise of the Carter administration, and
  • 2.6 million people among the long-term unemployed, which is 29.8 percent of all unemployed, and
  • 277,000 more people dropped out of the workforce, gave up looking for work, in March 2015, compared to February 2015,
  • with unemployment rates highest among Blacks, 10.1% for 20 yr old and up, 25% for 16-19 yr-olds. (Whites 4.7 and 15.7% respectively), and
  • average family incomes falling greatest among Blacks

Who do you think benefits most by granting millions of illegal aliens work permits, adding 6 to 12 million more people in the country to compete for the same jobs you are? You, or the Democrat Party you’ve enabled to do this, to you?

Think those numbers are bad? Check this out, from the Bureau of Labor Statistics’ FAQ, which is in the link below.

2. Are undocumented immigrants counted in the surveys?
It is likely that both surveys include at least some undocumented immigrants. However, neither the establishment nor the household survey is designed to identify the legal status of workers. Therefore,
it is not possible to determine how many are counted in either survey.

But wait, it gets worse. All the bad numbers and statistics above, by the government’s own admission, include illegal aliens. If you are one of the unemployed, the exact number of them doesn’t matter very much does it?

Not only does this administration condone illegals coming here and working, taking jobs from American citizens, it now is in court fighting both Kansas and Arizona to keep them from identifying non-citizens on voter registration forms. The Obama administration is just fine with Mexican and other illegals nullifying your vote and the votes of all American citizens.

If you weren’t aware that Obama’s ideology is his primary motivation behind his need to “fundamentally change America,” it should be crystal clear now. He has set the stage, laid the foundation. He’ll be gone by 2016, but his agenda, the Democrat Party’s agenda, will lead us down the same path, if America would be reckless enough to put a Democrat in The White House for a third consecutive term.

Links: THE EMPLOYMENT SITUATION —MARCH 2015  |  Mark Levin: Obama fighting to keep states from identifying NONCITIZENS on VOTER REG FORMS

Learning From Mistakes

Speaking of learning from mistakes, Thomas Sowell takes that theme and covers a range of teachable moments. From anti-trust laws to lawlessness, economics, immigration, and more.

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We all make mistakes and some of us learn from them. What is even better is to learn from other people’s mistakes, where they pay for those mistakes while we learn free of charge.

Many Americans who say that we should learn from other people, especially Europeans, mean that we should imitate what they did. That may make those who talk this way feel superior to other Americans. But let us never forget that the most disastrous ideologies of the 20th century — Communism, Fascism and Nazism — all originated in Europe. So did both World Wars.

More recently, Europe has been belatedly discovering how unbelievably stupid it was to import millions of people from cultures that despise Western values, and which often promote hatred toward Western people.

Maybe that is a mistake that we can think about when Congress finally decides to do something about our open borders and our immigration laws that we refuse to enforce.    . . . . more

Rand Paul, Not The Maverick He Appears To Be

In foreign relations, Sen. Paul has shown the ability to change his mind. Good thing, given the global mess the current  occupant of The White House has created, if not allowed to melt down.

Economically speaking? Not so much.

2016 presidential candidate Kerry Bowers explains how Paul has a ways to go when it comes to turning this country around. His press release below.

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Kerry Bowers Says Senator Opening New Doors to Cronyism

Henderson, NV, 7 April 2015 – The Kerry Bowers for President Committee released the following remarks from the Committee’s candidate in response to Senator Rand Paul’s presidential candidacy announcement.

“Today, I welcome Senator Rand Paul as the anticipated 57th Republican to register with the Federal Election Commission as a presidential candidate for the election year 2016. It is my hope that he will rise to the standard of specificity I have incorporated into my platform as he begins to lay out his plans to achieve the vision he has briefly described for America. I am, however, greatly disappointed with his campaign announcement remarks in which he either directly states or implies the intent to continue the IRS, income taxes and corporate taxes; these in addition to newly proposed avenues for cronyism and tax discrimination that he calls ‘economic freedom zones.’ What I am hearing in his remarks is not a focus on the restoration of government’s federal character nor that of State sovereignty as I have called for in my platform, but a continuation of the governments’ monopoly over the States through a heavy-handed national character that, among other undesirable consequences,  decides who shall and shall not benefit from the labors of all Americans. I look forward to the possibility of debate with the Senator and the other candidates in the ever-expanding field of Republicans as we move forward to the primaries.”

Candidate Website: www.KerryBowers.com