Category Archives: Economy

Economy, Media, Politics

Dr. Benjamin Carson, Education, Taxes, Health Care

Fascinating segment of Dr. Benjamin Carson‘s speech at the National Prayer Breakfast. Not a believer in Political Correctness, this segment covers Education, Taxes, and Health Care, and most of all, common sense. President Obama is struggling to stay awake as he hears everything he believes in and has done to the country look so small, and so wrong, as Dr. Carson presents it in a non-partisan way.

http://www.youtube.com/watch?v=GOuM1etgKUc

Keep a sharp eye out for this in the mainstream media. Not.

The last time I felt so moved from a speech was when I first heard Sen. Obama’s speech at the 2004 Democratic National Convention. Only difference is, Dr. Carson is no BS, has the life experience and education to know what he is talking about. I’ve come to learn that Obama is all teleprompter. A vehicle for the liberal message. Otherwise, just an empty suit community organizer who managed to fool enough people twice.

If he would be so inclined, Dr. Carson has a great political future ahead of him. Able to help more people in the country from a national political office than from an operating room.

Dr. Carson’s full speech HERE.

Economy, Immigration, Organized Labor, Politics

Tax Dollars Wasted Or ‘Invested’

And in the ‘you’ve got to be kidding’ department comes this from our Dept. of Labor.

Migrant and seasonal farmworkers experiencing chronic unemployment and underemployment will soon have opportunities to upgrade skills or prepare for new occupations.

By definition, if you’re a “seasonal” “farmworker,” doesn’t that make you gainfully employed? You know, the lie that they are doing work immigrant-farm-workers-2that Americans don’t want to do. What’s next, a living subsidy support program (with cell phone) for the non-growing season? After all, why should ‘migrant’ workers have to migrate somewhere where crops are growing? Targeting migrant workers, an entire class of people coming under the microscope in the big illegal immigration debate, looks an awful lot like $9.6 million dollars of street money, courtesy of the 50 percent that pay taxes, for some who aren’t even citizens.

From the DOL’s press release . . .

$9.6 million is available for grants to operate the program in central California, Hawaii, Indiana, Michigan, Mississippi, New Jersey and Puerto Rico.

I know there are 8.5 million Americans who are out of work or underemployed. How about we concentrate our efforts there, growing the economy so they can get their job back?

Link: US Department of Labor announces grant competition to provide career training to farmworkers

2008 Election, 2012 Election, Economy, Gun Control, Race Relations

aSide Order

Why I voted for Obama, twice.

There’s been a lot of talk lately about a voting block that President Obama caught. They’re called low-information voters and are not race-specific, ethnic-specific, or income-specific. If you were like me, scratching my head over how in the world this community organizer could be re-elected in such a dire economic and jobless environment, this video should clear it up. You have the racial aspect, and what became known as the Santa Claus effect.

Don’t know who this person is. But if this is satire, it’s really good.

endofstory

Gun Dealers Have Problems With Credit Card Processors

Nick McMillan, a gun dealer in Tennessee, recently received an email from Intuit Payment solutions informing him the company was no longer interested in processing his credit card sales. Well isn’t that special? Intuit also sells TurboTax and Quickbooks.

In the email the company wrote “Intuit does not support the services you are providing” and then the reason stated was firearms, ammunition, gun parts and accessories sales not sold in a face-to-face environment with the credit card being swiped.

As you might expect, the KOSites are estatic over it.

There are plenty of gun-friendly credit card processors out there. Payment Alliance International is one.

endofstory

Tawana Brawley served with court order to pay man she accused of rape in 1987sharpton_brawley1

sharpton_brawleyInfamous hoaxster Tawana Brawley — whose outrageous rape lie 25 years ago inflamed racial tensions nationwide — yesterday was finally slapped with a court order to settle a hefty defamation case against her. It also made Al Sharpton famously famous. Johnny Cochran paid off Sharpton’s bills on the case. Wonder if the good Reverend will step up and pay Tawana’s bill?

Economy, Media, Politics

Media Spin On Jobs

Below you will find the Department of Labor’s Employment Status Report for January 2013. The low-information voters wouldn’t believe how bad it is when the news reports typical to the AP broadcast (below) is all they may hear.

Note that the Associated Press can’t objectively report a statistic. Saying “almost 160,000” jobs were created when the number is 157,000. The mood Aaron Katersky creates is like blowing out the candles on a birthday cake.

AP Radio News

For starters, and you’ll never hear this from the mainstream media, in order to keep up with population growth and retirement rates, a ‘break-even‘ point in job creation is 250,000 a month. Any numbers below that means we are going backwards.

The January report shows 157,000 new jobs created, non-farm. That’s the category the media looks at. That was down from the month before (Dec. 2012) when 196,000 jobs were created. But the inquisitive media won’t tell you that.

Month after month, the President and his compliant media drum the point that jobs are being created every month. “It’s not as much as we’d like,” he says. That’s a better way to say “our way of creating jobs isn’t working, hasn’t worked, but we believe that eventually it will.” It is true that jobs are being created every month, but it is in spite of, not because of, Obama’s policies or his recently disbanded Jobs Council. We are going backwards.

Also missing from the AP’s (and everyone else’s) account is the fact that 169,000 jobs were lost. Those are 169,000 people who are out of work, and no longer counted as unemployed, even though they are, because they gave up looking for work. The DOL calls it the “labor participation rate.” In total, that number is 8.5 million people since Obama became President. Even with the DOL’s massaging the numbers via the workforce participation rate, the real unemployment number, the U-6, is 15.4% (see Table A-15. Alternative measures of labor underutilization). The “seasonally adjusted” unemployment percent is 14.4%.

The media parrots what the DOL says. For example, the report begins with this . . .

Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent. . .

What do they mean by “essentially unchanged?” The Dec. rate was 7.8%. It went up.

While you hear this AP radio news broadcast, listen too how they put lipstick on the fact that the economy has contracted over the last quarter. Not mentioning that the unemployment rate went up. No thought of a double dip recession, just the optimistic hope of a recovery later on.

Now, raise your hand if you think the media would ignore any of this if there were a Republican in The White House. Now, what are you going to do about it?

[scribd id=123826420 key=key-1wskfqpozzmo9lqhrlf6 mode=scroll]

Economy, Gun Control, Media, Politics

Fail, Economy Saved Or Created

It is amazing how the Left (which now includes the mainstream media), from the President on down, continues to speak about the ‘economic recovery.’ Even the slightly curious can verify that their talking points are even less credible today than they were 5 months ago. All economic indicators are down. And for the first time since the recession, GDP has gone negative.

gdp-fourth-quarter-2012

All of President Obama’s ‘investing’ has got us record unemployment, record annual deficits, record national debt, high food and energy costs, and higher health care costs. And while we watch the rise of radical Islam all over the world, the Federal Reserve continuing to monetize the debt and devalue the dollar, further depressing the world economy, the public’s attention is drawn towards reducing crime by telling citizens that they can no longer decide for themselves what kind of firearms they feel they need to protect their family and property. Left to their own devices, the administration will take your choice away.

The contracting economy is all the evidence you need to see that record government spending and borrowing is not making the economy better. All that, plus the attempts to tread on personal liberty, economic freedom, and the U.S. Constitution has been counter productive to everything the administration says, emphasis on ‘says,’ it wants to do.

It isn’t hard to imagine that if Obama was a Republican, the media would be writing stories about impeachment of the most incompetent President in our lifetime.

Link: U.S. economy contracts for first time since recession

Economy, Media, Politics

Surprise! Tax Hike Turned Into New Debt

Remember the tax hike that President Obama campaigned on? He said that the rich weren’t paying enough. That the top two percent needed to pay more, if we were ever going to begin to pay down that $16.4 Trillion debt.

Well guess what? His tax hike amounted to an extra (on paper anyway) $40 Billion. The Sandy Relief Bill he just signed for $50 Billion just spent all of that tax hike, and ADDED another $10 Billion to the debt that he, ostensibly, was going to start paying down. Understand that I don’t begrudge relief for the Sandy victims. They should have been helped at least as fast as the Katrina victims were. They were not. And nobody, including the media, seems to care. It is Obama’s blatant carnival Barker pitch, with a dash of class warfare and wealth envy thrown in, that I object to.

Do you feel like a sucker yet? Well I don’t because I didn’t vote for him. By now you should know that any increased revenue will only go towards more spending as long as The One is in The White House. Obama’s purpose was to raise the tax rates on the upper income brackets, period. It had nothing whatsoever to do with paying down the debt.

h/t Mark Levin Show

Link: Remember Obama’s tax hikes on the rich to pay debt? He’s already spent every penny

2016 Election, Economy, Egypt, Media, Middle East, North Korea, Politics, Religion, War On Terror

So Much To Celebrate?

The Media, President, and Sec. of State seen here 'playing the fiddle while Rome burns.'
The Media, President, and Sec. of State seen here ‘playing the fiddle while Rome burns.’

If you watched at least five minutes of either the Senate or House hearings on Benghazi, you know that Sec. of State Hillary Clinton is the best Sec. of State that the United States has ever had. Which explains why we may never know why four Americans were left to die at the Libyan Consulate in Benghazi.

What’s not to celebrate? Beginning with the Arab Spring which quickly turned in to the Arab Winter, the President and Sec. Clinton rightfully deserve credit for dispatching Egyptian President Hosni Mubarak so that the Muslim Brotherhood could fill the power vacuum. Words like ‘democracy’ were thrown around like Egypt had their own Declaration of Independence. Two years later, Egyptians are still rioting in the streets over their new dictator President who is also head of the Muslim Brotherhood terrorist organization. Now Egypt has a new opposition group called the ‘Black Bloc‘ who don’t like the lack of religious freedom, worsening economy from what started the protests two years ago, and the dictatorial leadership from President Mohammed Morsi.

Then there is continuing high unemployment, record national debt in proportions amounting to generational theft, and a stagnant economy here. High energy and food prices. High, and getting higher, health care costs. Record number of people receiving government help, and growing.

Then there is a worsening Middle East, Syria in flames and alQaeda moving in, Iran nuclear, Northern Africa being overrun by alQaeda, North Korea nuclear, our Ambassador and three other Americans murdered by terrorists in Benghazi.

So much here to celebrate that there is speculation that, just like President Obama, Hillary Clinton may get a Nobel Peace Prize too! The interview on 60 Minutes even hinted at Sec. Clinton running for President in 2016. And why not? It is easier to throw gasoline on the fire by blaming everyone and anyone else than it is to accept responsibility for it and put it out.

Economy, Fair Tax, Politics

FairTax, S 122, Introduced In 113th Congress

Watch Sen. Saxby Chambliss introduce the FairTax, S122, into the Senate today.

 

FairTax Act Cover Sheet

Please share with everyone you know. The FairTax is an economic stimulus all by itself, aside from being the easiest and most transparent, and most researched system of revenue collection for the federal government ever proposed.

For more information about the FairTax, visit the national website, FairTax.org.

Economy, Politics

President, And Congress Fails

If one of the main duties of the President is to prepare the federal budget with the approval of Congress, and he doesn’t, then who or what holds him accountable to do his basic duty and responsibility? And I’m not even talking about protecting and defending the Constitution. That’s another subject.

A household makes a budget, a business makes a budget, the country has made budgets up until the Obama administration. So why does Congress continue to pass Continuing Resolutions instead of insisting on a budget that Congress can pass?

Is it too much to ask that the President do his job? How about this for a solution, don’t pass anything else until a budget passes Congress. Zip, zero, nada. They can bellyache all they want about draconian BS and the sky is falling rhetoric. If he has to be forced to do his job, then so be it. What’s wrong with that?

A lack of leadership at the top does not excuse everyone below. All of them took the same oath.

2012 Election, Economy, Media, Organized Labor, Politics

Obama’s Arrogance On Display

It was much more than simply arrogance on display at today’s White House Press Conference. More lies and obfuscation and finger-pointing. More ducking responsibility for his own lack of leadership. Stunning, but not surprising.

Hard as he may try, and contrary to what he said, he does not have a mandate to increase the national debt and continue deficit spending year after year just because he was re-elected. The first time he was elected, he ran on decreasing the deficit by half by the end of his first term. It was $500 billion when he took over. The deficit isn’t $250 billion. It is 1.2 trillion, for four years in a row. The Republican majority House was also re-elected. And that’s where the spending is authorized. According to the Constitution. I know. He doesn’t like it, nor has he tried to protect and defend it. Remember, that is what he took an oath to do. And what he will do again next week. But that’s another story altogether. The people don’t want deficit spending. They want the debt to be paid down. Not added to.

At the presser, he said he cut the debt by $4 trillion dollars. Where? On Mars? He has added over a trillion dollars in deficit spending for each of the first four years of his administration. And, plans on adding another $4 trillion dollars over the next four years in his second term. Bringing the total national debt from the $10 trillion he inherited, to $16 trillion now, and to $20 trillion by the end of his second term. And he stands there with a straight face and chastises Republicans for being irresponsible for not wanting to pay our bills. And the press corp let him stand there and get away with it. Not one question challenging the truth and voracity of his claims.

On the contrary. He was irresponsible for not only maxing out the credit card, but for treating it like there is no maximum amount he can spend. He paints a picture of dire consequences if the U.S. doesn’t pay its bills. Like a child who misbehaves, he has to face the music. His actions have consequences. He is the one that overspent. Now, not only he, but all of us must pay the piper and face whatever dire consequences we have coming because we’re tearing up that credit card. Forget about raising the debt ceiling another dime. Deal with it. Only after that will this country be able to recover and get itself on the right track again.

He proved himself incapable of making the tough decisions needed to insure the sustainability of Medicare, Medicaid,  and Social Security. That is the epitome of irresponsibility. Instead, he demagogues Republicans for wanting to cut it. The hard truth is, those programs can’t be saved without cutting them somewhere and somehow. They no longer fit the demographics for which they were designed. Period. And they cost many times more than they were anticipated to be in the first place. Sooner or later, interest rates will return to ‘normal’ levels. And by the time that happens, the interest on our debt will be equal to or greater than our GDP. By any definition, that’s broke. That’s irresponsible.

Fact is, he is the irresponsible one. First by neglecting his duty to pass a budget and work by one for all of his first term. Having no budget to hold him back allowed him to run up the debt via CR’s (continuing resolutions) for every year of his administration. Paying off donors, unions, and bailing out his buddies created no jobs. It merely completed the quid pro quo. Wasting taxpayer dollars on one green energy bankruptcy after another. And enriching the bankruptcy lawyers in the process. It’s a win, win, lose. Green investors who are also donors and campaign bundlers win. The bankruptcy lawyers win for handling the bankruptcies with zero transparency. And the taxpayers lose all the way around.

One of the punch lines in this presser was his declaration that the government is part of the economy. As if that is a justification for the never-ending spending. He is right to the extent that the government is part of the economy. It is the overhead of the economy. It produces nothing. It only takes from the producers in taxes, and borrows and spends on growing the government even bigger. The cost of government used to be 18 percent of GDP. Then 20 percent under Bush 43. Now it is over 22 percent heading to 25 percent. The community organizer does not care that there isn’t enough money to sustain a government this big. Nor does he care that as government grows, the private sector gets smaller, along with our freedom and liberties.

That’s Obama’s vision of fundamental change in America. That’s what being irresponsible is. And there’s no way in hell he can embarrass me for not paying our bills by not raising the debt ceiling. It’s time for him to be spanked (figuratively of course), take the credit card away, and do what every other American has to do to survive within their means. Whatever happens is the result of his misbehavior. It won’t be the end of the world as we know it. It will mark the dawn of sanity in running the country.