Posts Tagged ‘Economy’

…excellent read.

The Obama Facade Cracks at Last

Only now — five years into his presidency — are we seeing some cracks in the protective shield surrounding President Obama, and then only after the abuse of reporters\’ privacy has been threatened. Mainstream journalists have not scrutinized his controversial policies, nor have they held him accountable for questionable actions that have caused outrage among fair-minded critics and produced irreparable harm to the nation.

Some facts are irrefutable, but the president has, by and large, deflected all blame and few in the media have dared question his policies and actions. Investor’s Business Daily reports that we are becoming a welfare state. The Census Department reported this week that almost half (49 percent) of Americans (151 million) are on federal aid. The U.S. has spent nearly $4 trillion ($3.7) on welfare over the past five years — that is five times greater than the money spent on transportation, education, and NASA, combined. Further, more than 70 percent of all federal spending goes to assistance programs, and the Congressional Budget Office projects that welfare spending will rise 80 percent over the next decade. Even with all that spending, though, 46.5 million Americans live in poverty and nearly half of all Americans pay absolutely no federal income tax. It doesn’t take an economics genius to realize that with the nation’s debt at $17 trillion and with more than $50 trillion in unfunded liabilities, we are in deep economic trouble. In short, the buck stops with President Obama when it comes to assessing blame for “the weakest recovery from a recession in modern American history.”

via Articles: The Obama Facade Cracks at Last.

…more lies.

Obama to hammer home shutdown message at construction company –

President Obama will hold a series of events in the coming days to highlight the consequences of the government shutdown.

The events will hammer home the White House’s argument that it is Republicans who are preventing the government from reopening, White House aides say. They will also portray Speaker John Boehner R-Ohio as unwilling to buck a “faction” of the Republican caucus.

On Thursday, the president will appear at a local construction company that has benefited from federal loans. While there, he will highlight the real-world consequences of a shutdown, while casting blame for the crisis at the feet of House leadership.

via Obama to hammer home shutdown message at construction company – TheHill.com.

…granted, there’s plenty of blame to share, but I lay this squarely on the shoulder of Obama. He and his Democrat Party wanted exactly this, betting on the media locking their collective lips squarely on Obama’s ass. The level of ass sucking by the media is unbelievable. They are a disgrace to the profession of reporting the news. They’ve become Obama’s personal propaganda arm, and the Congress wants to make sure that they are the “only ones” authorized to be journalists. What an absolute failure of government, and the liberal media again, give democrats a pass.

It was the Democrats who held a super majority for two years and still have yet to even pass a budget hello!. It was the Democrats who then wasted $800B on Obama’s “Stimu-less” despite 80% of the people opposing it. It was the Democrats who then cut the military budget by $400 Billion, or 25% of their operating budget during war time, in 2010. It was the Democrats who then passed Obamacare behind closed doors, and told us to pass it to find out what’s in it, despite the American people opposing it. Make no mistake, the Democrats own the Fiscal Cliff and just like Richard Nixon, Jimmy Carter, Ronald Reagan, George HW Bush, Bill Clinton & George W. Bush—Obama will also get credit for the economy & tax rate under his watch.

via FIVE YEARS, NO BUDGET: Doing Right For Freedom’s Sake.

Republicans have only one choice: to hold him accountable.

Day 2 of the government shutdown, and look out the window. The sun is still shining, and the sky is still blue. The birds are chirping.

The Great Government Shutdown is not that big a deal, even for the government. The federal civilian workforce includes 2.9 million bureaucrats. Out of that, only 800,000 are being furloughed, or just 27%. Even for these workers, the shutdown just amounts to a paid vacation for a few days.

Just like the overballyhood sequester, average Americans won’t notice any change in their lives at all. But for those you who are offended and indignant by the shutdown, or who know somebody who is, I can tell you how to fix it.The Real Reason for the Shutdown.

The government is shut down for only one reason. Barack Obama and the Democrats wanted a shutdown. That is because Obama and the Democrats are so certain that the public will blame the Republicans. And they are certain of that because your dopey neighbors keep telling pollsters that the Republicans are at fault.

via The American Spectator : It’s the President’s Fault.

…Kalifornia is reaping what it has sown. Now cities are fighting back, but is it too little, too late?

Unions suck.

Blue Civil War: The Battle for California

Via Meadia readers know that the most important political battle in America today isn’t the much-ballyhooed battle for the soul of the GOP. It is the blue civil war, pitting key elements of the Democratic coalition against one another as the old social model fails and the growth curve of rising blue model costs runs up against fiscal limits. Blue model policies, whatever their merits, don’t generate the revenue that can support blue model institutions and methods, and when those shortfalls appear, the coalition divides. It’s happened in Wisconsin, it’s happened in Indiana; it’s happened in Michigan and it is happening in California.

The Battle of San Diego is now in full swing. Last summer, voters there approved Prop. B, a ballot measure to reform a pension system whose cost had quintupled in 12 years, eating up revenue for other activities. As politicians struggled to pay off the pension obligations, libraries closed their doors and roads deteriorated. Voters had enough. No longer would they accept service cuts (or tax hikes) to pay to keep unionized public employees in the lifestyle to which they had grown accustomed.

The unions are striking back. A few weeks ago, the Public Employment Relations Board, a quasi-judicial administrative agency for public employees, ruled that “the city failed to negotiate in good faith with its public employee unions before Proposition B was placed on the ballot,” as a local news station reported. In other words, unions believe they should have veto power over which options are put before the voters. City Attorney Jan Goldsmith was not impressed:

“We’re not gonna back down one iota, I can tell you that,” he said. “Because the people do have a right under direct democracy to bypass the city council, to bypass the state legislature, to bypass the labor unions, and to bypass PERB. This is a constitutional right, no different than the first amendment.”

via Blue Civil War: The Battle for California | Via Meadia.

They sky is falling!

This crisis to crisis management that Obama and his minions are doing is really getting old. The propaganda machine of this Administration has been something to behold. Joseph Goebbels would be proud and envious.

Let the sequester happen. It’s the only way these idiots can cut any spending whatsoever, except by coercion. What an absolute failure in government.

The great overblown sequester panic
By RICH LOWRY

Prepare for the end of food safety as we have known it. For a breakdown in public order. For little children languishing in ignorance. If only Edward Gibbon were here to chronicle the devastation. On March 1, the fabric of our civilization begins to unwind.

That’s when the economy begins to stall and we turn our back on our values, all because the federal government will have to begin to cut a few tens of billions of dollars from the largest budget the world has ever known.

This is the lurid fairy tale spun by President Obama. In the fight over the sequester, he is resorting to the tried-and-true (and tiresome) strategy of every official confronted with unwelcome budget cuts, from the commander in chief to a lowly bureaucrat toiling at some school district: maximize the scaremongering and pain.

In fairty-tale terms, Obama is the princess and the sequester is the pea.

In fairty-tale terms, Obama is the princess and the sequester is the pea.

In Hans Christian Andersen terms, Obama is the princess and the sequester is the pea. Over the next 10 years, the sequester amounts to a $1.16 trillion cut, or roughly 3 cents on every federal dollar. If we can’t squeeze a couple of pennies out of every dollar, we might as well begin our great national bankruptcy proceedings right now.

via The great overblown sequester panic – NYPOST.com.

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He’s all over it.

Brave New World
By Victor Davis Hanson

The Revolutions We Missed

Sometimes societies just plod along, oblivious that the world is being reinvented right under their noses. In 2000, one never saw pedestrians bumping into themselves as they glued their noses to iPhones. Thirteen years later, it is almost rare to see anyone on the street who is not stumbling about, networking or texting. Yet most of us are scarcely aware of the collective effect of that odd habit repeating itself millions of times over each day, of millions of books not read, of “hellos” not offered, of brains wired to screens rather than the physical world about them. When cars once drifted into your lane, you assumed a DUI; now their drivers are most likely texting.

Cars, of course, look about the same as they did thirty years ago. But we just assume now that they almost never break down. Up until 1980 I used to see them with hoods up by the side of the road almost every five miles or so. Today, entire notions such as points, plugs, tune-ups, and carburetors have simply quietly passed away for most motorists. The old jalopy with 100,000 miles on it was junk; the new Accord with 150,000 miles has another easy 250,000 to go. The world changes while we snore.

via Works and Days » Brave New World.

…up front. I’m easily amused.

…is what a California school will be paying for a $100 million loan.
Why is this state broke? Don’t ask me. Just listen to David Spady.

…are rampant in the House and Senate. Nancy Pelosi being the biggest moron to ever hold a seat in the House, let alone to have been Speaker, is one of the worst. The liberal media isn’t helping because they let these idiots say whatever the hell they want without question.

The Republicans are just as culpable, if not more so.

Fail.

Spending Denialists and the Fiscal Illusion
The late economist James Buchanan predicted our current budgetary impasse. Is there a way out?
Matt Welch

Several weeks before the slow-motion “fiscal cliff” negotiation ended in a giveaway-rich, tax-hiking, 154-page spending bill that senators had all of six minutes to glance at before approving by an 89-8 vote in the wee hours of January 1, President Barack Obama reportedly told House Speaker John Boehner flat out: “We don’t have a spending problem.”

Boehner, in relaying the quote to The Wall Street Journal three days after the House of Representatives grudgingly ratified the Senate plan, expressed astonishment at the president’s words. But he shouldn’t have. Spending denialism—of the literal sort—has become a core progressive value in the age of Obama.

“Spending isn’t the problem,” Steve Benen wrote at Rachel Maddow’s blog in December. “We don’t have a spending problem. We have an aging problem,” seconded Mother Jones’s Kevin Drum in January. “We don’t have a spending problem, we have a military spending problem,” chimed in The Washington Post’s Ezra Klein.

Such confident consensus would be more convincing if not for the fact that federal spending rose from $1.77 trillion in fiscal year 2000 to $3.72 trillion in 2010. If spending growth had been pegged to the rates of inflation and population, Washington would still be doling out less than $3 trillion a year, and the fiscal conversation would be about surpluses, not debt ceilings.

via Spending Denialists and the Fiscal Illusion – Reason.com.

…will be steep indeed. We will be paying for this through the nose until it is repealed. It is an obvious fail from the word “go”.

What has ever worked as intended when the government is involved? I can’t think of anything.

The failure of this Administration is epic. It will only get worse the longer the GOP keeps cutting deals with crazy. Morons.

The Costs and Consequences of Obamacare – Reason.com.

“We have to pass the bill so you can find out what’s in it,” said Nancy Pelosi during the debate over Obamacare. The Affordable Care Act passed, and Americans are now finding out. It’s not a pretty picture.

Take employment. “Medical device makers in Massachusetts and elsewhere are warning of potential job losses,” reports The Boston Globe, because of a 2.3-percent tax on medical devices imposed by law. Even liberal-heartthrob-turned-Massachusetts-Senator Elizabeth Warren, a supporter of the law, says repealing that tax is “essential.” (To paraphrase a cliché, if it saves one job – hers – it’s worth it.)

But the ACA’s effect on jobs goes well beyond medical device makers. Reporting on January’s employment numbers, Investor’s Business Daily notes an “apparent shift to part-time work ahead of a key Obamacare deadline.” Although more people are working in the retail sector, they are working fewer hours per person – now just a hair above 30 hours a week. “A similar trend,” IBD notes, “showed up in leisure and hospitality.”

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