Category Archives: Economy

Economy, Media, Politics

Stimulus Is 5 Years Old

obama_pout_roads-rail-bridge-infrastructure
President Obama, after delivering remarks at Organizing for Action’s “National Organizing Summit” in Washington. For money for roads, rail, bridges and infrastructure.

Unemployment is higher than Obama’s worse case scenario had the stimulus not been done. Workforce participation, the number of Americans still working, is at its lowest level since Jimmy Carter. Record number of people on public welfare. Food Stamp spending has more than doubled since 2008. Median family income has fallen every year for the last five years, and is much worse for Black families than any other demographic. And the national debt went from $9 trillion to $17.3 trillion.

Yet, at every State of the Union show, you will hear President Obama cry out for “investments” for roads, rail, bridges, infrastructure. And the low information crowd, and Democrats in the chamber, cheer. Problem is, they are painfully ignorant of the fact that despite the annual appeals for more money, the Obama administration still has not spent more than 10% of the so-called stimulus money on roads, rail, bridges, and infrastructure.

And just today asks for $302 Billion more. Obama knows the media, the low information crowd, and progressive acolytes will believe what he says and won’t follow what he does. He also knows that he’ll get whatever money he wants when he says it is for roads, rail, bridges, infrastructure, and education.

An example of how the media, literally regurgitates the White House talking points as “news.”

“This vision will show how we can invest in the things we need to grow and create jobs by closing unfair tax loopholes, lowering tax rates, and making the system more fair,” the White House said in a statement previewing his speech, set for 3:05 p.m. EST.

The transfer of wealth, and the growth of government, continues.

Links:

Economy, Politics, War On Terror

‘Austerity’ Isn’t What It Appears

In what could qualify for the MRIOD award where the defense budget is concerned, if President Obama really does cut the military back to pre-WWII levels, don’t think for a second that you won’t hear how that so-called ‘saving’ is going to be spent on something other than paying down the national debt.

We heard this before. Like when the wars in Iraq and Afghanistan come to an end (win or retreat lose), we can spend that money ‘saved’ (actually borrowed) on ‘roads, bridges,  infrastructure, and schools.’ But he’s got so many more special interests to pay off now. Unions wanting relief from Obamacare, businesses wanting relief from Obamacare, people wanting relief from Obamacare, unemployment compensation fund backfilling, and of course, those green technology ‘investments.’ The list goes on. So don’t think for a New York second that whatever phony numbers this administration says it can save, it will spend, in spades.

Imagine the chutzpah of this administration to claim they’ve been austere in spending the people’s money when they’ve grown our national debt from $9 trillion to $17.3 trillion in the first six years of his term. Projected to be $26 trillion in 10 years. Then imagine the wisdom of cutting our national defenses instead of cutting the size of the government.

Economy, Politics, Race Relations, Religion

Blacks Killing Themselves

In New York City for 2012. . .

31,328 – number of black babies killed by abortion

24,758 – number of black babies born

Black children killed comprised 42.4% of the total number of abortions in NYC, which is 19% Black.

Any questions?

110608-holstered-gun

I’m Black. Don’t shoot me!

pre-birth

I’m Black. Don’t kill me!

How can anyone defend this wiping out of the Black population? How can we build a middle class when we’re killing our children faster that we’re raising them? And how can President Obama and the likes of Jesse Sharpton sleep at night when their social policies support such genocide? Or blackocide?

Economy, Politics

Obama Wins M.R.I.O.T.D. Award, Low Info Economists

In his latest appeal to the low information crowd for raising the minimum wage to $10.10/hr., in his usual style, President Obama puts his social media machine to use. This time, asking for stories from people who think they’ll benefit from it.

Here’s some he put in an official email from The White House . . .

Raising the minimum wage will allow me and my family to live comfortably, not worry about living from paycheck to paycheck.
Vennatte E., Huntsville, TX

It would give me a chance to save something for the future of my kids and grandchildren.
Malissa M., Bloxom, VA

This would help out single parents like me to help finish raising their kids alone on one income.
Idrissa S., Oglethorpe, GA

It will help me save money to go to the college of my dreams and help me lift the burden off my mother.
Shelby S., Long Beach, CA

Do you see the opportunity President Obama has here? It’s obvious to me that Vennatte E. from Huntsville, TX needs to be on the president’s council of economic advisors. Because if she knows how to live comfortably on a minimum wage job, then think of what she could do for the country if she could teach Obama how to cut the debt?

For this nonsensical community organizing tactics disguised as presidential leadership, President Barack Hussein Obama (mmm, mmmm, mmm) wins the Most Ridiculous Item Of The Day award.

2014 Election, 2016 Election, Economy, Fair Tax, Obamacare, Politics

Stalinist Obama Criminalizes Normal Business Practices

This should make a difference to even the most staunch, deaf, dumb, and blind supporters of King President Obama, not to mention members of Congress.

So Obama has unilaterally legislated illegal conditions on the illegal waiver. To wit, employers will be required to certify to the IRS, under penalty of perjury, that the waiver was not a motivating factor in the company’s hiring and firing decisions. As Fox News’s Chris Stirewalt quips, “To avoid ObamaCare costs you must swear that you are not trying to avoid ObamaCare costs.”

Businesses are only businesses because they can manage to make a profit. When expenses increase on one end, like in taxes for example, they find ways to offset those added expenses where possible. Else they will eventually be forced out of business. And there is no better a motivator for a cost-cutting business decision than tax increases. Happens all the time, every day of the week. The tax code even drives businesses overseas. This isn’t a story about tax reform and the advantages of FairTax, but it could be.

Where Obamacare is concerned, every employee now has tax value attached to them. Employers have to decide if they can afford to keep the employee and pay for their insurance, cut their hours and let them get their own insurance, or terminate them. In addition to interfering with free-market business decisions and stifling free speech prior to the next two elections, this lawless President is now going after businesses by criminalizing normal business activity. As a matter of fact, the normalcy of these kind of decisions was specifically confirmed by the Supreme Court, who ruled that the Obamacare mandates were taxes, not penalties.

As if all his making up laws and breaking laws is not enough, his latest move should garner bi-partisan support for having blatantly crossed the line of being within the law and under constitutional authority. President Obama has become the most destructive force in this country to this country. He and his agenda must be stopped.

This latest move by the regime should be front page, above the fold in every newspaper, calling him out on this lawless action. Carrying the call for impeachment. But that’ll never happen.

Link: Obama Adds Irrationality To Lawlessness — While Threatening Prosecution  |  Thought Police: Firms must swear ObamaCare not a factor in firings

Economy, Obamacare, Politics

Obamacare, So Much For Building The Middle Class

1 Comment

Remember the meme last week coming from The White House? Income inequality, needing to grow the middle class. Oh, and raising the minimum minimum wage cartoon2wage. Today? Not so much. Today, everything most conservatives knew would happen under Obamacare, was confirmed by the CBO. The director of the Congressional Budget Office said today that Obamacare will cause the loss of 2.5 million jobs, and, will cause people to migrate from full-time positions to part-time positions. Obama and his media aren’t too concerned about that. In fact, they are saying this is good news. This is a new “freedom.” Americans now have “new choices, new options.” Americans now have the freedom to choose either not to work, or to work less. And, the less they work and the less they make,  the more government subsidies they will get. And conversely, the more they make, the less government subsidies they will get. And higher taxes for richer households also reduce the incentive to work. So now, faced with the possibility of moving up that economic ladder, and because of the consequences of making more money, people will now weigh whether it is worth it for them to take that new job or promotion that pays a few thousand dollars more if it means losing more than that in subsidies. Paul Ryan nailed it by calling it a “poverty trap.”

CBO Director Doug Elmendorf said the nonpartisan report does find that the healthcare law creates a disincentive for working. “The act creates a disincentive to work relative to the case were the law not in place,” he said.

Does that sound like a plan to build the middle class? Does it sound like a plan to encourage moving up the economic ladder? Of course it doesn’t. And worse, Obamacare is doing exactly as it was designed to do. Aside from ruining the private sector health insurance and health care industries, it is  building and enlarging the dependent class. Effectively killing the American Dream. Or, replacing it with the progressive version of the American Dream. Which is, for the government to control as much of our lives as it can get away with, and, to grow the number of people dependent on the government, insuring votes from whoever promises them the most.

Sorry to say this, but Barack Obama and his party are overseeing the destruction of this country. Which is why the ACA must be repealed, if not replaced.

Economy, Obamacare, Politics, War On Terror

Obama’s Confession Of Failure

The ten minute interview that President Obama granted to FOX News Channel host Bill O’Reilly was, among other things, a study in dodging pertinent questions. It was also a decent critique of the success, or failure, of his six years in office. In this case, failure. The transcript below was the first two and a half minutes of it which didn’t make the cut for the ten minute segment that aired. It was about the economy and the dissolution of the American family.

O’Reilly’s first question:

BILL O’REILLY – One of my, uh, points on the Factor is that poverty is driven by the dissolution of the American family, that is the prime mover, okay. On your watch, median income has dropped seventeen percent among working families in this country. That’s not a good record, it’s not all your fault, part of it was this terrible recession, we all know that. Everybody knows that.

PRESIDENT OBAMA – Okay.

O’REILLY – All right. But 72 percent of babies in African-American community are born out of wedlock.

Some irrelevant back and forth, then this.

In his own words . . .

PRESIDENT OBAMA – Because — because what’s interesting, when you look at what’s going on right now, you’re starting to see in a lot of white working class homes, similar problems — when men can’t find good work, when the economy is shutting ladders of opportunity off from people, whether they’re black, white, Hispanic, it doesn’t matter. Then that puts pressure as well on the home. So you’ve got an interaction between the economy that isn’t generating enough good jobs for folks who traditionally could get blue-collar jobs even if they didn’t have a higher education, and some legitimate social concerns, uh. That compound the problem and so we want to hit both. We want to make sure that we’re putting folks back to work and making sure that they’re well-paid —

In the first 2 minutes 35 seconds of the interview, President Obama correctly listed his performance in his first six years. And, he made it sound like he wasn’t responsible for any of it. As if he is campaigning for President who is running against his predecessor. Only in this case, his predecessor is himself.

  • you’re starting to see in a lot of white working class homes, similar problems
  • men can’t find good work
  • the economy is shutting ladders of opportunity off
  • that puts pressure as well on the home.
  • the economy that isn’t generating enough good jobs
  • some legitimate social concerns

Feel free to follow the link to the full unedited 11 minutes and 17 seconds of the interview. What you’ll see is the art of not answering a question, and, blaming FOX News for these scandals; Benghazi, IRS, and Obamacare.

Link: TRANSCRIPT: Full interview between President Obama and Bill O’Reilly

Economy, Energy, Politics, Venezuela

aSide Order

keystone_pipeline_protest_11_07_2011

XL Pipeline Reduces Overall Carbon Emissions, State Department Environmental Impact Report

Seems the long-awaited environmental impact analysis of the XL Pipeline has environmentalist shorts in a wad.  Turns out, having the XL Pipeline will reduce carbon emissions compared to not having it. In transportation alone, whether by trucks, trains, or barges and ships, the pipeline emits no carbon emissions whereas all the alternative means of transportation do. When you consider that Venezuelan oil which we buy is shipped in oil tankers, the pipeline could not only end our need to buy it from them, but would cut the global carbon emissions by not using their tankers or Warren Buffet’s trains, which derail, explode, and burn. (How’s that for an environmental impact?)

It’s ironic that their excuse for nixing the pipeline just went away. Not only that, but since it creates a reduction in carbon emissions, they find themselves to be scientifically (but not politically) in favor of it. To make matters worse for them, Democrats are now calling for the President to use that pen he was talking about in his SOTU and approve it.

Their new arguments against it are now in development. How they will justify not supporting the reduction in carbon emissions should be interesting, if not entertaining.

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Dinesh D’Souza / Bill Ayers Debate at Dartmouth College

They begin by each taking 18 minutes to state their positions. After that is complete they respond to each others positions for 5 or 10 minutes each, and then they begin asking each other questions directly. After that ends the Q&A begins.

If you don’t have too much time I’d recommend skipping the 18 minute speeches and begin where they are responding to each others speeches at around the 42 minute mark. But you’ll be missing out on some great stuff, I assure you, especially D’Souza’s view of the greatness of America.

h/t the rightscoop

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Charles Krauthammer Explains Obama’s Lawlessness In 50 Seconds

If a Republican president tried what Obama has already done, he would have been impeached already, and with bi-partisan support.

http://youtu.be/yQwfPu1E3rk

So where are House Republicans on this? Spineless, that’s where.

2014 Election, 2016 Election, Economy, Immigration, Obamacare, Politics

Boehner Signals Surrender

The problem with Speaker Boehner and the rest of the establishment Republicans who are meeting in Maryland to come up with an agenda for 2014 and beyond, is that they are letting Obama and Democrats set the narrative. Democrats want this, they want that, whether it’s Obamacare, deficit spending, minimum wage, Immigration Reform. The latter translates to amnesty and the end of America as the we know it.

If all you’re going to do is accept the premise of the Democrats and propose your own version that accomplishes the same thing, you’re abandoning your principles and the republicans who hold those principles dear. About half the country. Which explains why polls are showing people who used to call themselves republicans are now calling themselves independents.

The Republican leadership seems to be stuck on stupid, and instead of saying NO to these Democrat initiatives, like an opposition party should, they’re accepting their premise, ignoring the American people, and coming up with their own version of the same policies that will destroy this country.

Where immigration is concerned, the only reform that needs doing is to secure the borders and enforce the law. And do nothing more, NOTHING, until that first step is finished. Not planned. Not agreed to, but FINISHED. Then, and only then, should we move to step two. Whatever step two might be.

What Boehner doesn’t get is, just because comprehensive immigration reform and raising minimum wage, and income inequality are Obama’s priorities, doesn’t mean that they are high priorities on the minds of the American people. They are not. The top concern is the economy and jobs. An area where Obama is proving to be a complete failure. That’s the direction Boehner and the establishment republicans ought to be going. They need to set the premise that most Americans agree with, and make their own agenda. Be the solution to the problems we face instead of accomplices in making things worse.

The last thing 92 million Americans out of a job want is millions more illegal aliens flooding the Unites States of America. And the last thing republicans and independents outside the beltway want is for the establishment Republicans to side with Democrats against what is referred to as the Tea Party. Which really isn’t a party, but an ideology.

Link: Boehner: House GOP is ‘alternative’ to Obama, not ‘the opposition’  |  GOP CRAFTS PLAN TO WRECK THE COUNTRY, LOSE VOTERS

2014 Election, Economy, Media, Politics

Conservatism, The Biggest Story Never Told, Since Reagan

Unless you were listening to Rush or read The Blaze, you are not aware of news that Rush correctly characterized as ‘earth-shattering,’

It’s the fantastic, and real, turn-around that Gov. Scott Walker has done in Wisconsin as reflected in his State of the State address. Not only are new jobs being created, they have a budget surplus already amounting to $912 million, and is giving the people’s money back to them by cutting income taxes and property taxes. Why you might ask? Because Walker believes the taxpayer’s money belongs to them. Not the government. Gov. Walker also made the point that the surplus was not just a gimmick of budgeting or accounting (like we’re used to by the pols in Washington), but was the result of serious, significant policy changes. 

Listen to Rush’s take on this as it relates to the Tea Party, conservative principles, and the establishment Republicans. It’s a home run.

http://youtu.be/rktup9gQJuo

Shame on the media for actively ignoring this news story. And shame on the RNC, the Republican Governor’s Association, Sen. Mitch McConnell, and Speaker John Boehner for also ignoring it.

Rush, as usual, is right. The Wisconsin success story must be touted as the example of not just what is possible, but of what has actually been done. In a Blue state no less. Talk about ‘open tent’ and appealing to people from both parties? And under the right leadership can also be done for the country. If the establishment Republicans weren’t so focused on demonizing conservatives, the tea party, and on trying to be Democrat-lite,  their 2014 campaign theme is right before their freaking eyes.  It’s a strong message for how to turn this country around. It’s a ready-made script for a conservative campaign, to contrast Walker’s success story to Mr. Hopey Changy, focused like a laser on his teleprompter, robbing from future generations with debt, jumping from one problem Americans face to another, ignoring the fact that he is the cause of them all, wasting trillions of dollars on “stimulus” spending with nothing good to show for it.

Links: Limbaugh, Governor Walker’s Wisconsin Earthquake of Conservatism Goes Ignored by Media, GOP