Jobless ‘Recovery’, And Here’s Why

Top 10 Reasons for Obama’s Jobless Recovery

by Donald Lambro

1. Stimulus package didn’t stimulate: The economy is growing too slowly under President Obama’s failed government-spending stimulus because it lacks any incentives for increased private investment, risk taking, venture-capital formation and new business formation, the basis of new job creation. The mediocre economic-growth rate is not strong enough to drive down a nearly 10% unemployment rate. (It’s approaching 12% in Florida.)

2. Business uncertainty: Widespread uncertainty across the business community about Obama’s job-killing tax, spending and regulatory agenda that has prevented businesses from expanding and hiring more workers and reinvesting an estimated $1.8 trillion in reserve funds.

3. Tax uncertainty: No uncertainty is more paralyzing than the administration’s plan to allow President Bush’s 2001 and 2003 top tax cuts on dividends, capital gains and upper incomes to expire at the end of this year, raising them at a time when the economy and businesses are still struggling in a weak economic environment.

4. Tax impact: Private investment is the life blood of a dynamic and growing economy and the wellspring of all new jobs. If Obama goes through with his plan to let the Bush tax cuts expire, small business, family-owned enterprises, working families, investors and retirees will be hit by very large tax hikes that will weaken capital reinvestment and kill job creation.

5. Government spending: The more money that government takes from the economy to feed an insatiable spending binge, the less there is in the private sector to create new jobs.

6. Obamacare impact: Obamacare’s job killing impact on businesses large and small has been swift and undiscriminating. Soon after Obama signed the bill, major corporations were forced to take billions of dollars in new charges on their profit line to cover the increased cost of the new law. Major firms like Boeing, Caterpillar, John Deere & Co. and Illinois Tool Works, among others saw their tax deductions for companies offering drug benefits had been cut to pay for the plan’s nearly $1 trillion cost.

7. Financial regulation bill: This sweeping government regulation legislation will raise costs throughout the entire banking and financial regulation industry. That will mean higher costs for consumers and in turn force the industry to prune payrolls or other cost-cutting moves to bolster their bottom line earnings.

8. Energy cap-and-trade taxes: The so-called climate-change tax bill that Democrats passed in the House, and has been stalled in the Senate, was one of the biggest economic uncertainties threatening economic growth and job formation. It would impose sharply higher, job-killing energy costs across the nation’s entire energy industry, hurting producers, businesses and manufacturers, and consumers. U.S. businesses, to avoid the tax, would have to move plants elsewhere to avoid the tax, moving jobs out of the country.

9. Economic restructuring: One of the big reasons for slower job growth stems from our economy’s ability to boost productivity with fewer workers through increased technology, mechanization and other production innovations. Faster economic growth would increase hiring in all of business sectors and new business formation would lift our economy to a much higher employment rate. Lower business tax rates, faster depreciation of capital purchases for new equipment, zeroing out capital gains and dividend tax rates to unlock new capital investment for start-up companies would spark an explosion in new firms and hiring.

10. Minimum wage: No government initiative has killed more entry-level jobs than the higher minimum wage. Congress pushed up the federal minimum wage in the midst of a severe recession, from $6.55 in 2008 to $7.25 in 2009. Small businesses struggling to survive in the downturn were hurt most and quickly cut their payrolls. Unemployment shot way up for younger workers, especially among blacks, Hispanics and other unskilled minorities. Almost half of blacks between 16 and 34 are jobless, up 13% since March 2008.

Khavari’s Plan Is Florida’s Recovery, And Yours

Only 1 candidate for FL governor has a real economic plan for over 1,000,000 new jobs

Alex Sink and Rick Scott get most of the media attention. But there is an Independent candidate on the November ballot who is a respected economist and author of nine books: Farid Khavari.

Sink and Scott say they can create jobs by lowering taxes on business–but this has never worked before. Khavari will create over 1,000,000 private sector jobs without subsidies or “stimulus” plans.

The Khavari Economic Plan includes creation of a bank owned by all Floridians. 2% fixed-rate, 15-year mortgages (new and refinance) will earn billions for the state while reducing costs of home ownership by more than half. Housing prices will stabilize and there will never be another bubble. Our children will be able to afford homes, too. Combined with low-cost financing for business, energy, and 6% credit cards, Floridians will save many billions per year, while creating over 1,000,000 new jobs. Khavari’s plan will stop foreclosures and put people back in their homes. State and local budgets will balance overnight without new taxes. Florida will be recession-proof forever. This is common sense economics, from a common sense economist. Khavari’s plan has received national acclaim and candidates in other states have adopted it. Florida needs the Khavari Economic Plan.

Sink, a multi-millionaire retired banker and current Chief Financial Officer of Florida, has done nothing to create jobs and allowed the State Board of Administration to lose billions in phony investments. Scott made over $200,000,000 as CEO of a health-care company. Aren’t people like that part of the problem? Khavari has the solution.

Find out more at Vote to save Florida’s economy, before it’s too late. Vote Khavari.

In Florida, What You Don’t Know Can Hurt You

Especially when it comes to learning about who is running for governor in Florida in 2010. There is only one candidate that actually has a plan to reduce the state’s debt, recover the billions of dollars lost by the Sink-McCollum-Crist triumvirate, create the environment for permanent private-sector job creation in the state, and reduce the cost of living for Floridians, putting Floridians in a financial position to keep their homes out of foreclosure, all without raising their taxes or borrowing more money. But you will never know it from reading the ‘Election‘ pages of the Pensacola News Journal. That candidate is Dr. Farid A. Khavari.

That there is a political media filter at work, and being perpetrated on you, is obvious with a cursory glance at the 2010 Elections pages of the Pensacola News Journal.

I don’t know why this is. Only the News Journal knows for sure. Where Independent candidate Farid Khavari is concerned, I know it’s not because they are not aware of him or his platform. There was a time when the newspaper was motivated to inform the voting public of their options. Now our options get filtered for us. Or more correctly, on us. So the question becomes whether this filter is a result of an agenda or something else?

But more important than even that, the consequences of electing the wrong candidate will cost us all.

Related PNJ links:

How To Win Elections, Cheat

That Acorn and its affiliate SEIU have a history of voter registration fraud should come as no surprise. The latest example of this is an investigation in Texas that showed that out of 25,000 voter registrations submitted, only 1,793 of them were valid.

Well, that will give the Democratic Socialists of America, a group backed by the SEIU, something to talk about at their big march on Washington October 2, 2010.

It’s going to be interesting to watch the pro-union, socialists, communists, and anti-capitalists on parade up there. Will also be interesting to see representatives of the Congressional Progressive Caucus and Congressional Black Caucus there.  Papantonio said he is going. Can hardly wait for his interpretation of the event.

Link: ACORN affiliate SEIU found facilitating rampant vote fraud.

Where’s The Curiosity?

“Funny . . . That we are learning more about Christine O’Donnell and her college years, her teenage years, her financial dealings than anybody ever even bothered to ask about Barack Hussein Obama as a candidate and now as our president.”  So true Sara Palin.

Double standard? Na. Where the legacy media is concerned, it’s S.O.P.

I’ve said it before and I’ll say it again. It doesn’t matter whether O’Donnell knew someone who practiced witchcraft or if she did it herself sometime. Same as it doesn’t matter whether Obama is a muslim or a witch himself. I’d defend both of them for their right to do it.

Related links: Palin: Why No Probe of Barack ‘Hussein’ Obama?.  |  Media Focuses On Obama’s Religion, Disappointing

Privatizing Citizens Is Wrong

Let Floridians save 30% while the state earns billions!

Rick Scott’s proposal to privatize Citizens Property Insurance Corp. is simply a bad idea. It would guarantee increased rates. There is a much better way to fix Citizens. Citizens is a mess with potentially huge exposure. That can be remedied, with 30% savings for all Floridians while the state treasury can earn billions per year. You don’t need to be an economist to understand this. It is just common sense.

Citizens is in trouble because it guarantees private insurers’ profits, and foists all of the risk onto Florida taxpayers. This is an obvious recipe for disaster. Citizens covers the riskiest 22% of Florida homes, nicely protecting the private insurers at our expense. Private insurers exploit Floridians worse each year. State Farm raised rates 14.7% and dumped another 125,000 policyholders this year. Was there a hurricane I missed?

Citizens should offer all homeowners in Florida coverage identical to what they have now from private insurers, at a 30% discount. Just bring your policy to an agent and save 30% by switching to Citizens.

Adding the “safest” 78% of Florida homes to risk pool would dilute Citizens’ risk to the lowest in the nation. Then Citizens could reduce rates by 30% to its existing customers, too. Even the worst hurricanes affect only a small percentage of Florida’s 8 million homes.

Six million new customers, saving only $500 per year, is $3 billion per year. That would generate at least $25 billion per year of economic activity in Florida, creating 30,000 jobs. The state could earn $5 billion per year in profit. Citizens would no longer be just the largest property insurer in Florida, but the safest and most profitable in America.

$25 billion in economic activity this year will make $50 billion next year, and another 30,000 jobs. And so on.

No need to argue about “socialism.” The state is already in the insurance business, with no realistic way out. The question is, shall we make some money at it and save Floridians billions per year? Or encourage more private insurers to suck even more blood out of our families and our state’s economy?

When everyone works for the state, we call it socialism. What do we call it when the state works for everyone? Common sense.


Farid A. Khavari, Ph.D.

Economist and Candidate for Florida Governor (Independent, 2010)

aSide Order

Happy to announce that my most favorite blues guitarist, Joe Bonamassa, has been named Best International Artist at the British Blues Music Awards Sept 11, 2010. His latest album is a get-together with Glenn Hughes, Jason Bonham and Derek Sherinian. This group, known as Black Country Communion, put down a classical hard rock album, coming out Tuesday Sept. 21.  (Do they still call them albums nowadays?)

Sample below.

From Bonamassa’s website . . .

Fresh off a brief break from a grueling world tour and recording his next album in Santorini, Greece, Joe Bonamassa was in New York City last week rehearsing with Black Country Communion. The band (Joe Bonamassa, Glenn Hughes, Jason Bonham and Derek Sherinian) also found the time to stop by the Sirius-XM studios to share stories and tracks from their upcoming album on Eddie Trunk’s Boneyard show. Getting all four rock superstars in the same room at the same time is no easy feat, particularly with Jason Bonham gearing up for his highly-anticipated Led Zeppelin Experience in October.

Though Black Country Communion’s tour has yet to be announced, Bonham’s 30-date Led Zeppelin Experience kicks off this fall to commemorate the 30th anniversary of his father’s death. Though the full details of the band have not been released, the multi-media experience begins October 8th in British Columbia.

Bonamassa is no stranger to the influence of Led Zeppelin (evidenced by his rendition of Zepp’s “Tea for One” from the album You & Me and the immensely crowd-pleasing interpretation of Jimmy Page’s “Dazed and Confused” solo he effortlessly infuses into his live show’s cover of ZZ Top’s “Just Got Paid”), and Black Country Communion’s raw, intricate guitar riffs, hard-driving percussion and high octane vocals bring Zeppelin’s previously-unmatched power and artistry into a new generation.

Black Country Communion’s self-titled debut album is out on Sept 21. Eddie Trunk’s show with Black Country Communions airs September 20th 6-10pm ET on Sirius-XM.

The Gamblers; Crist, Sink, And McCollum

It may be a difficult read, but if you really want to know who is responsible for losing billions of dollars of Florida’s pension funds, you must read this. Next thing is, don’t reward them with your vote.

For governor of the State of Florida, stick with Dr. Farid Khavari. An economist who not only knows better on how to manage resources, but he is the only one with a sound economic plan to put Florida back on the path to prosperity and to replace the money lost by Sink, McCollum, and Crist.

Related Links: Risk won; taxpayers lost – St. Petersburg TimesKhavari for Governor

Texas Takes EPA To Court

In an attempt to push back the EPA and the federal government from over-reaching and over-reacting to the whole man-made global warming scam, Texas Attorney General Greg Abbott says the rules are illegal and if imposed, will cost Texans in higher energy costs and tens of thousands of lost jobs.

The suit claims four new regulations imposed by the EPA are based on the ‘thoroughly discredited’ findings of the Intergovernmental Panel on Climate Change and are ‘factually flawed.’ Like this one . . .

One of the rules imposed by the EPA would extend clean air regulations to the tailpipes of personal cars and trucks, but Abbott says the pollutants which the EPA aims to restrict by this rule aren’t even found in internal combustion vehicles.

Link: News Radio 1200 WOAI San Antonio Texas.

Hugo Chavez Breaks Campaign Rules

It’s election season in Venezuela too! Legislative elections are being held on September 26, 2010, and Hugh Chavez (the hemisphere’s idiot) is only allowing candidates he likes to use the country’s media outlets for campaign ads. The ones he does not like are left out. He is breaking the campaign laws in Venezuela but Chavez isn’t worried one bit about that. Because, he says, ‘I’m a political leader.’ He does what he feels necessary to shape the political landscape to suit his socialist agenda for Venezuela.

An electoral official accused President Hugo Chavez and his allies of breaking campaign laws by using state-run media to berate rivals and praise friends ahead of this month’s legislative elections.

Vicente Diaz, one of the National Election Council’s five directors, said Chavez is violating legislation prohibiting elected officials from using their posts to promote candidacies. Chavez has ignored the law, which also bans the use of state media and public funds for campaigning.

Opposition independent candidate for the National Assembly of Venezuela, Maria Corina Machado said . . .

While we are visiting voters, going from house to house, the ruling party’s campaign is imposed through televised speeches.

It’s enough to make President Obama’s inner circle jealous. It is also interesting to note how many of the mainstream media outlets in this country no longer have the links active. One would expect that for a President to break the law to control the media message to influence election results would be of interest and at least be on the front page. Wouldn’t you? Have you even heard about this?

Related link: Joseph Kennedy, Meet Maria Corina Machado