Category Archives: Economy

What’s Another $3 Billion Down The Drain?

It was four years ago that President Obama, through the US Export-Import Bank, extended $3 billion credit to Brazil to finance infrastructure projects and offshore oil drilling. See, he really is for offshore drilling. Just not in his own country.

The money was for Petrobras, Brazil’s state-owned oil company. Essentially, it was for Brazil’s top politicians.

In today’s news, four years later, Petrobras can’t borrow money for a used car. Their credit rating is junk. And it all began four years ago with bribes and kickbacks.

Everything he touches turns to . . . No, it’s not gold. Another Solyndra, another Arab Spring, a new Libya, fall of Iraq, rise of ISIS, jobs for terrorists, nukes for Iran. You name it. And that’s just over there. Over here there is chronic long-term unemployment and falling family incomes. Obama’s wealthy donor friends excepted.

And to think we still have two more years with this wrecking ball in The White House.

Links: US Export-Import Bank extends $3 billion credit to Brazil to finance infrastructure projects and offshore oil drilling  |  State Oil Firm’s Scandal Scrambles Brazil’s Offshore Dreams  |  Brazil Petrobras scandal: Top politicians accused

Democrats, Poor, Caught By Surprise?

As a Democrat legislator, how can you be caught by surprise by the fine that Obamacare levies on taxpayers for not buying a government-approved health insurance policy when, it was all Democrats and only Democrats who voted for it?

It is obvious that they did not read their own law that they voted for.  It is also obvious that the sheeple in their party followed them blindly down the same path.

It is obvious too that there would have been no surprise about the tax penalty if the media had done its job.

All this could have been avoided if they opened their eyes and maybe, read this, Obamacare Fines, For Poor People Only, from October 2013.

Links: Obamacare Fines, For Poor People Only  |  Democrats are bracing for another Obamacare backlash

View Of Success Differs On Food Stamps

In a report submitted to the United Nations High Commissioner on Human Rights on Friday, the U.S. State Department is boasting that there were “46.5 million” people on food stamps in the United States last year and that a quarter of all Americans received government “food assistance.”

Nearly double the 26 million recipients there were when Obama was elected in 2007. Given the success of the Obama’s economic policies this should come as no surprise. A result of the rising unemployment rate (U-6) and falling family incomes.

A perfect illustration of the consequences of the socialist mindset of big government Democrats. They view success by how many people are on government assistance.  Conservatives view success by how few people need government assistance.

Some charts here offer food for thought.

Link: Supplemental Nutrition Assistance Program (SNAP)  |  U.S. Brags to U.N.: We Have 46.5 Million on Food Stamps

Obama Declares War On ANWR

Declaring the oil-rich coastal plain, which was set aside for oil exploration and development in the first place, a “wilderness area,” Obama is effectively preventing any access to it for the purposes it was originally intended. Oil and gas exploration and development.

Time for a refresher on ANWR.   ARCTIC NATIONAL WILDLIFE REFUGE 101

Shutting down energy resources by declaring wilderness areas is nothing new where Democrat Presidents are concerned. Bill Clinton  shut the low-sulfur coal industry completely down by declaring all of it (1.8 million acres) in the United States a “monument.”

For Clinton though, it was more sinister. It was a twofer for Clinton. By declaring the lands where all our low-sulfur coal exists in the United States a “monument,” he hands a world monopoly to a big campaign contributor of his, the Chinese Rhiady family,

Now a quick mineralogical lesson. There are only two known low-sulphur coal reserves in the world, one of which is under the land in Utah that was blocked off by Clinton. And the other is in China. Thanks to Bill Clinton, the U.S. energy sector can buy low-sulphur coal from China, because now, they have to.

Links: Obama Seeks Bigger Wilderness Designation in Alaska Refuge  |  President Obama Calls on Congress to Protect Arctic Refuge as Wilderness

SOTU 2015, His Illness

Media translation service, by me. What we saw in Barack Obama‘s State of the Union show Tuesday night was his admission of his failed policies. When you hear him say there’s still “more work to do,” he wants you to think he’s making progress, and hasn’t stopped yet.

OK, so after 6 years, the middle class and poor have seen their family income fall. The number of people working (labor participation rate) is at the level it was during the Carter administration. As a result, the number of people on food stamps and other government welfare programs are at an all time high. All while he’s trying to add millions more illegal aliens to compete against the middle class and poor for the few jobs there may be.

His mental illness really shone brightly when he took credit for lower gasoline prices. Because he had nothing to do with it, sort of.

He had nothing to do with the increase on the supply side. He did have something to do with the decrease in demand on the demand side. Weak economic activity, high long-term unemployment, falling family incomes all a result of his administration’s attempt at transforming America have the effect of decreasing demand.

Gas and oil production on federal lands are down. Not up. Gas and oil production on private lands are up, and that’s where the increase supply (and jobs boom) is coming from. The media seems to have forgotten that he and his energy secretary said they want the price of gas to be like that in Europe, over $9 and $10 per gallon. And that will help the middle class? It is Obama standing in the way of the XL Pipeline, by insisting on where the oil going through it can be sold. As though he thinks that Canada’s gas and oil belongs to him.

If he cared for the middle class more than his vision to destroy, er “transform” America, he would stop doing what he’s been doing.

Wage Increase By Executive Order

President Barack Obama’s Executive Order 13658 takes effect today. It extorts contractors doing business with the federal government to pay their employees at least $10.10 per hour.

Fortunately (for taxpayers and other “working people”), the net effect will be negligible in the big picture. Because only a little over 200,000 of the over 4 million people contracting with the government are earning less than that.

What the Executive Order does is throw a bone to the low-information crowd that he is looking out for the so-called “working poor.” As opposed to the “lazy poor” I guess. They believe what the President says,  that he will cut cost by raising them. Which is also why he was afraid to involve the high-information voters, like the Legislative Branch of government.

The president and Labor Secretary Perez don’t get who it is that is ultimately paying those salaries. It is YOU, the taxpayers

Here’s a Perez quote on the subject . . .

Raising the minimum wage isn’t just the right thing to do to strengthen families — it’s the smart thing to do to strengthen businesses: People would have more money to spend on goods and services. Businesses would see higher productivity and lower worker turnover, too.

R’s Won, And D’s Didn’t Lose

Time was,  elections had consequences. Not so much any more. In 2010 Republicans, pushed and dragged by tea party conservatives (which also include democrats), gained a record number of seats in federal, state, and local elections. And, did nothing with it.

Instead of governing on the will of the people, President Obama gave them the finger. In 2014, Republicans gained more seats in the House and managed to gain 9 seats in the Senate. And President Obama continues to govern against the will of the people, on every important issue.

Now, despite the Republican majority in the House for four years, the current national debt tops $18 trillion, which is more than 100 percent of the national Gross Domestic Product.

So what does the Republican establishment have to say for itself? RNC chairman Reince Priebus writes me to say “We won.” By the evidence of the continued growth of the debt, the continued lack of a real budget, and the continued folding to an administration that is out of control, what world must he be living in to say “we won?”

To make matters worse, Republicans that try to do the will of the people are vilified. The Republican party has lost its way and, no longer represents a smaller, less intrusive government. I’ve had it with the Republican establishment. They have demonstrated over and over their allegiance to big  government and more debt, with less accountability. Their actions last weekend prove it.

Call me crazy, but going along with the administration is not what I call winning. The evidence shows that the establishment Democrats and Republicans won. It is a win that means America is the loser.

Link: Average federal spending per household nearly $30,000  |  IS BOEHNER, CONGRESS, IN VIOLATION OF PROBATION?  |  ‘Cromnibus’ Spending Bill Passes, Just Hours Before Deadline

Whoops, He Did It Again

Giving cover to weak-kneed Republicans in the House, the weak-kneed House Speaker John Boehner passed a debt-increasing $1.1 Trillion Continuing Resolution. To add insult to injury, Boehner has the nerve to say “it’s a good bill.” The spending frenzy now goes to the Democrat-controlled Senate for approval.

Speaker Boehner has a habit of telling republicans how tough he’s going to be on cutting government spending and neutering Obamacare. And the 2010 and 2014 mid-terms show that that’s exactly what the folks want. But that’s only before elections. Once handed the power to be effective, he folds and kowtows to the regime.

It’s like the national debt topping $18 Trillion last week never happened.

Link: Is Boehner, Congress, In Violation Of Probation?  |  With Deadline Looming, Government Funding Bill Passes House

aSide Order

Iran Wins Another Round With Delay

Ten years and counting. Learning from recent history, when it comes to their nuclear program, Iran knows that this administration is all bark and no bite. The deadline for compliance has come and gone. The solution? Instead of shutting down centrifuges, they have six more months of full-steam ahead development and production. Oh, and the monthly dole-outs of $700 million in frozen funds that began under the temporary nuclear deal agreed on late last year that led to the present talks, continue.

Link: Iran nuclear talks stumble, extended until July

endofstory

So How’s It Going?

Iraq is falling to pieces, again. ISIS and al-Qaeda are growing. Beheadings have become common and, a new normal. Russia is occupying. The Commander-in-Chief cuts military budgets and personnel while expanding their role. After withdrawing troops from Afghanistan, now that the mid-term elections are over, President Obama is sending the new smaller military back. Third Secretary of Defense in six years resigns. Iran continues to ignore the world in rolling back their nuclear weapons program.  China is eating our lunch. No one wants to eat Michelle Obama’s lunch. Not her lunch, the lunch she wants your kids to eat. The economy on Main St. is treading water. Long-term unemployment is growing. Average family income is falling. The “no-energy” energy policy is increasing energy cost. The Affordable Care Act fraud exposed. And cities are burning.

endofstory

Jump Rope Girl – World’s Best Jump Roper!!! Adrienn Banhegyi