Recovery Summer IV Results

Economy: After his embarrassing failure on the foreign policy front, President Obama decided to tout his success managing the U.S. economy — just as the historically weak recovery shows fresh signs of weakening further.

In a speech marking the fifth anniversary of the Lehman Bros. collapse, Obama ticked off a laundry list of alleged accomplishments since taking office: I stopped another Great Depression, saved the auto industry, put people to work, etc.

“We cleared away the rubble from the financial crisis,” he said, “and we’ve begun to lay a new foundation for economic growth and prosperity.”

Unfortunately, it’s a foundation built on quicksand.

Just last week we learned that retail sales have softened, consumer sentiment hit a five-month low, job growth in August was still tepid and the number of job losers posted its biggest jump since 2010.

All are signs the economy isn’t going to live up to expectations in the final months of the year.

This comes after 50 months of sluggish growth that has left 4.3 million out of work long-term, helped drive 10 million out of the job market, pushed the labor participation rate to 35-year lows, boosted food stamp rolls by 14 million and pushed nearly 3 million into poverty.

Just 13 states have employment rates above their pre-recession peaks (all but four of them, by the way, voted against Obama in 2008).

Thanks to Obama’s sluggish growth, real median household income remains 4.4% below where it was when his “recovery” started.

The day Obama gave his remarks, the AP reported that the unemployment rate among low-income families is at Great Depression levels of 21%, but among upper-income households it’s 3.2%. That, AP’s analysis found, is the widest gap on record.

AP also found that middle-income workers are increasingly ending up with lower-wage jobs, forcing lower-skilled workers out of the job market.

Meanwhile, a survey out of the University of Chicago finds that a record 8.4% of Americans consider themselves “lower class.”

Here’s another way to look at it: Had Obama’s recovery merely been average, there would be 7.4 million more people gainfully employed today, and the economy would be $1.3 trillion bigger.

Even the left is noticing that, despite Obama’s endless blather about building prosperity from the ground up, his recovery has had the opposite effect — concentrating whatever gains there have been at the top.

The Huffington Post called it “the most uneven recovery in at least several decades” — which would include the Reagan, Clinton and Bush recoveries.

Among the evidence presented: Workers in the bottom 20% have seen their real average hourly wages decline steadily under Obama, compared with gains at the very top. And while 60% of the jobs lost in the recession paid mid-wages, only 22% of the jobs gained in Obama’s recovery did so.

Incredibly, amid all this, Obama claims to see “progress across the board.”  Then again, Obama thinks his foreign policy adventures have been a success, too. (IBD)

“Are some of these folks really so beholden to one extreme wing of their party that they’re willing to tank the entire economy just because they can’t get their way on this issue?” Obama said in a speech at the White House. “Are they really willing to hurt people just to score political points?” (Townhall)

WELL, we know HE IS. He’s been doing it for 5 years now! 🙂

Obama conceded the problems. “As any middle class family will tell you or anybody who’s striving to get in the middle class, we are not yet where we need to be,” he said.

And never will be, with Progressives in charge because they depend on making people poor and dependent on them and making rich people less rich and demonic to keep them them there.

“After all the progress that we’ve made over these last four and a half years, the idea of reversing that progress because of an unwillingness to compromise or because of some ideological agenda is the height of irresponsibility,” Obama said.

Which is why he won’t compromise on anything that has been done or will be done. But he’s not ideologically rigid… 🙂

After all, it’s “Congress” (Read: Republicans) Fault!

He’s not partisan. 🙂

Political Cartoons by Gary Varvel

Political Cartoons by Steve Kelley

Political Cartoons by Michael Ramirez

 

 

Been Here, Done This

Green Jobs Vs Reality: Green Jobs

President Obama is expected to seek another $250 billion or so in new stimulus funds next week, with plenty of money for clean energy and the creation of so-called green jobs.

Never mind that no one can seem to find many Americans who got green jobs as a result of the original stimulus spending. Consider two stories.

In the 2009 stimulus, the feds gave nearly $3.2 million in green-energy grants to my county of Arlington, Va., with almost $300,000 used to install solar paneling on the roof of our local library. (Don’t ask why the feds are giving one of the five wealthiest counties in America free money.)

Arlington officials boast the project will save $14,000 in annual electricity costs, but the solar panels have a life span of no more than 10 to 15 years. So the feds spent $300,000 to shave at most $150,000 off the net present value of Arlington’s electric bills. Some 3,000 counties across the country received federal funds for the same kind of negative-return energy conservation “investments.” This is the kind of “clean energy” program the administration wants to expand.

Oh, and the Company that got $535 Million in Stimulus Money and was the golden boy of Obama’s plan, just went bankrupt and we lost all the money and the jobs!

Wind, waves, and solar which are all the hippie liberals will consider in their “all in” energy plans are not viable. But they don’t care. They will make them work and if you have to suffer for it until they do (or don’t)–well by god you’ll suffer!

Obama instead touted steps his administration has taken without Congress, including the new vehicle-fuel economy standards announced in recent weeks. (The one that some economics predict will make your next car cost $11,000 more and may not be technologically viable at this point without everyone being forced to by a hybrid or an electric car–gee I never thought of that… 🙂 ).

Think about it. That’s what we got done — and by the way, we didn’t go through Congress to do it,” Obama told workers at an advanced battery plant. “But we did use the tools of government — us working together — to help make it happen.” (The Hill)

Congress (aka The Republicans) are evil and get in his way!

“I think the White House continues to believe that oil politics are very important to the economy and the next election, and they are determined to enact whatever policies they can, especially those that have a populist bent,” Paul Bledsoe, a senior adviser at the Bipartisan Policy Center said. (The Hill)

Whether they work or not is inconsequential. They just have to sound good, feel good, and get him re-elected. So that when he’ not facing a re-election campaign from 2013-2016 he can do whatever the hell he wants and Congress can go pound sand!

Don’t doubt it.

Now for a good energy news story. I recently traveled to Wheeling, W.V., which is 45 minutes down the road from Pittsburgh along the Ohio River and smack in the heart of the old Rust Belt. Unlike most places you go to these days, the town is booming. Defying the national mood, people are optimistic about the future. Why? It’s what residents are calling the “West Virginia gold rush.”

Except it’s not gold, it’s natural gas. Wheeling sits atop the famous Marcellus shale formation—one of the biggest treasure troves of natural gas ever discovered in America. With recent breakthroughs in hydraulic fracturing technology, that gas can be extracted at very affordable prices. A few years ago Wheeling farmers and land owners were getting about $50 to $100 an acre for drilling rights. Now they get up to $3,000, plus monthly royalties. What was once a dying town now has jobs and new funds for schools and roads, while West Virginian farmers and land owners are getting rich. The same story of economic revival can be told about counties in Pennsylvania and Ohio sitting atop the Marcellus bonanza.

Then there the oil in the Dakotas, possibly more than Saudi Arabia…

Even the White House acknowledges that the natural gas deposits in the Midwest and Texas contain potentially 100 years worth of cheap natural gas. Yet as far as I can tell, President Obama has never even uttered the words “Marcellus shale” in a major speech. Incredible.

In early August a Department of Energy advisory panel reported that fracking for natural gas poses risks to air and water quality and so should be subject to tighter regulations—hardly a ringing endorsement. The green movement wants it stopped completely because of dangers to water, even though continued technological progress will reduce these risks.

The White House’s hostility toward fossil fuels seems to know no bounds. Exxon has made some of the largest oil finds in a decade, in the Gulf of Mexico, and yet the Obama administration is holding up the leases and permitting process. In North Dakota, an Obama-appointed U.S attorney has brought criminal charges against seven oil companies (with penalties of up to six months in prison) for causing the deaths of 28 migratory birds found in oil waste pits.

According to data from the Federal Reserve Board’s Industrial Production Indexes, the oil and gas industry, which the Obama Energy Department loathes, has had more growth in output than any other manufacturing industry in the U.S. from 2005 through 2011. As a reward, the administration is proposing $35 billion in new taxes on the industry to slow it down. Even if we accept the dubious White House claim that all the oil and gas tax write-offs are unwarranted loopholes, a 2011 Congressional Research Service study finds that per unit of electricity produced, for every two cents of tax subsidy to Big Oil, Big Green (wind and solar) get closer to $1 in handouts.

The environmentalists are for any energy source unless it actually works,” notes Stephen Hayward, an energy expert at the American Enterprise Institute. A few years ago the Democrats were all in favor of natural gas at least as a “bridge” energy source. That abruptly changed when the extent of America’s abundant natural gas resources became fully known and more affordable drilling techniques opened up a superhighway to energy security. The irony of the green movement’s reactionary antifracking crusade is that one of the most important developments in cutting U.S. carbon emissions has come from replacing coal-burning fire plants with natural gas.

So we now have a national energy policy directing our resources away from cheap, efficient and increasingly abundant fuels like coal, oil and natural gas while we channel billions of tax dollars to 500-year-old energy technologies like wind power that can’t possibly scale up to power a modern-day industrial economy. That’s a shame. (Stephen Moore)

But it “feels” good.:) It’s all touchy feely…

For more than two years the president has been giving “important” jobs speeches — and no wonder. After an $830 billion stimulus and multiple “jobs” bills since, the employment picture has only deteriorated. The economy added zero jobs in August, and 2.4 million fewer people work today than when Obama took office.

Yet despite the advance billing on all those previous speeches, none was anything remotely “bold” or “imaginative,” something Democratic lawmakers and Obama’s liberal media cheerleaders are now hoping for with his next one.

Instead, in every speech, Obama simply dusted off the same crabbed list — more money for roads and “clean energy,” various temporary tax credits, more unemployment insurance, temporary payroll tax cuts — despite the fact that each has already been tried on his watch, and all proved to be expensive failures. A rundown:

• In December 2009, Obama’s big jobs speech called for billions more on roads, extended unemployment benefits, tax credits for weatherizing homes and some temporary help for small companies.

• In his 2010 State of the Union address, Obama said “jobs must be our No. 1 focus in 2010” and touted his “new jobs bill.” What was in it? Money for roads, a small-business tax credit, weatherization credits and investment in clean energy.

• On Labor Day that year, Obama delivered yet another jobs speech, but offered only one idea — $50 billion more for roads.

• His 2011 State of the Union speech was also supposed to focus on jobs, but all he had to offer was a vague “innovation agenda,” another push for clean energy and — you guessed it — more money for roads.

• And then in July 2011, Obama argued that once the debt-ceiling debate was finished, the country could turn again to jobs. His big ideas: extend the payroll tax cut and unemployment benefits, and spend more on roads.

Maybe this speech will be different. But unless Obama has kept some secret breakthrough job-creating idea hidden in his closet all this time, would it be a surprise if he just puts a fresh rhetorical gloss on these same proposals?

The problem isn’t just that these ideas aren’t “bold,” it’s that they’ve all been tried since Obama took office, and they’ve all failed. Among those he’s expected to include this time around:

More infrastructure spending. The stimulus bill spent nearly $100 billion on infrastructure. Yet when the bulk of that money started to get spent in the “Recovery Summer” of 2010, the economy shed 329,000 jobs.

A new-hire tax credit. Obama signed the $17.5 billion HIRE Act in March 2010 that offered companies up to $6,000 in credits and exemptions for hiring unemployed workers. Obama said this would “encourage businesses to hire and put Americans back to work.”

Employers apparently didn’t get that memo, since the number of private-sector jobs climbed a meager 0.6% by the end of the year.

More unemployment benefits. These have been extended several times in the past few years. The administration thinks they will create jobs. But every credible economic study says that extending unemployment benefits mainly extends unemployment as many workers wait until benefits run out before taking that next job.

Extending the payroll tax cut. In January, Vice President Biden claimed the one-year payroll tax cut that had just kicked in would “put $112 billion into the pockets of 155 million workers … spurring growth and creating jobs.”

The results so far this year: virtually no GDP growth and 104,000 more unemployed. Economist Bruce Bartlett summed it up: “There is no evidence that the lower payroll tax has done much of anything to stimulate either spending or hiring.”

Money for clean-energy jobs. In January 2010, Obama announced a $2.3 billion clean-energy tax-credit plan that would, he said, “give a much needed boost” to this industry.

Today, the landscape is increasingly littered with failed clean-energy companies, including Solyndra, a solar panel manufacturer that got $535 million in stimulus-backed loans but which is filing for Chapter 11 bankruptcy.

Will Obama go bold this time? What other options does he have? The nation’s in no mood for another massive “stimulus” plan after the last one mainly just doubled the nation’s debt.

But he’ll give us one anyways, he’ll just manipulate the words but the meaning will be the same. His ideological playbook doesn’t have any other pages in it.

And he and his economic advisers don’t appear ideologically capable of embracing genuine free-market solutions that would generate actual growth — real tax reform that cuts rates and dramatically simplifies the code, significant relief from Obama’s own out-of-control regulatory machinery, an end to the looming ObamaCare nightmare, major entitlement reform, among them.

Instead, the administration appears eternally wedded to the idea that endless government meddling and tinkering in the private sector with targeted spending, temporary tax credits, and eye-of-the-needle tax relief will somehow, someday miraculously combine to spark growth.

In a piece published almost exactly one year ago, Obama’s newly appointed chief economic adviser, Alan Krueger, boasted that the HIRE Act was “an example of the kind of temporary, targeted and responsible policy that has been the hallmark of this administration.”

We hope Obama has learned by now that this approach isn’t responsible at all, and that he would offer some truly bold proposals that break from his failed Keynesian past. But given what we’ve seen over the past 2 1/2 years, we’re not holding our breath. (IBD)

I wouldn’t. He’s too ideologically rigid to notice. If we just SPEND EVEN MORE  (“Infrastructure”) eventually banging our ideological head against the wall will break the wall! 🙂

Don’t doubt it.

Endless “Hope & Change”

Political Cartoons by Robert Ariail


IDB-Economy: If you needed another metric by which to measure the failure of Obamanomics, new numbers released Friday show that two years after the recession ended the economy still hasn’t fully recovered.

I would argue the recession never ended to begin with. But that’s just me. 🙂

According to the revised gross domestic product data released Friday, the nation’s economy grew a paltry 1% in the second quarter, after eking out a barely noticeable 0.4% gain in the first.

As a result, two years after the recession ended, the economy still hasn’t made up the ground it lost, giving Obama the dubious distinction of presiding over the most prolonged economic recovery since the Great Depression.

This isn’t just slightly bad. It’s monumentally bad.

An IBD review of all the post-World War II recessions shows that, on average, it took just over two fiscal quarters for the economy to recover from a downturn and start expanding again.

In contrast, we’re eight quarters into the Obama recovery, and the expansion is somewhere off in the distance, with real GDP still $65.5 billion below the pre-recession peak. And if you take into account all the population growth that’s occurred over the past two years, we’re even further behind.

Obama likes to blame the depth of the downturn for the “painfully slow” recovery. “We didn’t get into this mess overnight, and we won’t get out of it overnight. It’s going to take time,” he said — nearly a year ago.

The claim is bogus. This recession lasted only slightly longer than the 1981-82 contraction — 18 months vs. 16 — and wasn’t as severe when measured by peak unemployment.

But the economy came screaming out of that downturn, and in three quarters was already well into an expansion. The 1973-75 recession lasted 16 months, but also took only three quarters to fully recover.

Obama’s also fond of blaming the sluggish recovery on the fact the recession resulted from a “financial crisis,” alleging that something about that kind of recession makes for a longer recovery time. But it’s not like all the other slumps didn’t have any hint of financial crisis behind them.

Now he and his friends have taken to blaming bad luck and Republican bad faith for supposedly weakening what had been an improving economy.

“In 2010 … we were growing,” Obama’s former chief economic adviser Austan Goolsbee said Thursday. “Now, at the beginning of this year, we get earthquakes, tsunamis, revolutions in the Middle East, European financial crises. Now we got earthquakes outside of Washington, D.C.” (and undoubtedly Irene is coming)

But Obama’s recovery was vastly inferior to previous ones well before these alleged headwinds emerged. Plus, revised GDP numbers show that the recovery was softening throughout 2010, with GDP growth slowing in each successive quarter.

For that, Obama has only his own economic medicine to blame. His preferred treatment — huge hikes in federal spending, massive new environmental and financial regulations, ObamaCare, an out-of-control labor relations board, verbal attacks on businesses and the rich, etc. — just isn’t working to get the economy back on its feet.

If a patient were taking an unusually long time to recover from an illness, a responsible doctor would try a new treatment regimen, rather than simply administer larger doses of the same drugs. He might even consult other doctors to see if they’ve had better luck with different prescriptions.

But Dr. Obama gives no sign of doing anything other than pump more Keynesian medicine into the IV. It’s possible he’ll try a different approach in September, when he gives his much-anticipated jobs speech. If he doesn’t, it will be nothing short of malpractice.

ObamaCare Economics. 4 More years! 4 More years! 4 More years! 🙂

Common Sense

A vacationing President Barack Obama accused Congress on Saturday of holding back the U.S. economic recovery by blocking “common sense” measures he said would create jobs and help growth.

After all, it’s “common sense” that Liberals are always right and never to blame for ANYTHING. They only take credit for their overall superior intellect…The one that lashes out childishly if you question their superiority. 🙂

“The only thing preventing us from passing these bills is the refusal by some in Congress to put country ahead of party. That’s the problem right now. That’s what’s holding this country back,”

Some= Republicans. Not the Democrats who haven’t passed a budget in 842 days. Or the Democrats who refuse to even discuss Republican proposals. Or Democrats who pass massive business-killing regulations or spend $4 trillion dollars and get nothing out of it except ideological gratification. .

Nope. It’s the Republicans fault. The Senate and the Presidency are controlled by the Democrats, but it’s the Republicans fault. And if that doesn’t work, it’s George Bush’s Fault!

“We’re going through a tough time right now. We’re coming through a terrible recession,” he said. “So we need folks in Washington — the people whose job it is to deal with the country’s problems, the people who you elected to serve — we need them to put aside their differences to get things done.”

Translation: Stop Blocking Democrat’s need to Tax and Spend like complete morons. If we just spend more money everything will be fine! Give us More Time!

Class Warfare is good for the country. So stop being “terrorists”.

Oh, just in case you were wondering about Obama’s new fuel economy standards (where we are supposed to use less foreign oil rather drill for our own because oil companies are evil):

The Obama Administration’s new fuel economy standards will cause the retail price of average motor vehicles to increase over $11,000, according to a study conducted by the Center for Automotive Research.

“A fuel economy standard of 37.6 mpg is associated with a price increase of $5,244, 18.1 percent higher than the 2009 National Automobile Dealers Association (NADA) average price of $28,966. A fuel economy standard of 40.8 mpg is associated with a price increase of $6,770, 23.4 percent higher than the 2009 NADA price,” says their report called, “The U.S. Automotive Market and Industry in 2025.”

“A fuel economy standard of 44.8 mpg is associated with a price increase of $8,214, 28.4 percent higher than the 2009 NADA price. The fourth fuel economy standard of 49.6 mpg is associated with an $11,290 increase in retail price. It is assumed that manufacturers and dealers will pass on the cost increase in fuel economy and safety technology to the consumer, at a retail price equivalent.”

The Obama administration’s new fuel economy standards would require automakers to produce cars and light trucks with an average fuel economy of 54.5 mpg by 2025. The Center for Automotive Research says their study is “the result of 11 months of effort and investigation by researchers at CAR in 2010-2011.”

Zoe Lipman, the National Wildlife Federation’s Senior Manager for Transportation and Global Warming Solutions argued on a conference call held Thursday that the estimated fuel savings due to these standards will outweigh the “modest” motor vehicle price increases for consumers.

And we can all afford such “modest” increases like $11,000 more for a car. It’s good for us. 🙂

Thomas Pyle, the president of the Institute for Energy Research disagrees with Lipman.

“The Obama administration’s latest fuel economy mandates are an aggressive step away from consumer choice and towards government control,” he said in a USA Today op-ed.

“Every day, Americans are seeing the negative consequences of the administration’s increasingly aggressive meddling in the economy—more government control and less consumer choice.” (CNS)

But it’s for you own good. And, after all, Government does know best…

That’s only “common sense” 😮

Living the Fantasy

The Recovery Summer II continues.

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

Nonfarm payrolls rose only 18,000, the weakest reading since September, the abor Department said on Friday, well below economists’ expectations for a 90,000 rise.

Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000.

The unemployment rate climbed to 9.2 percent, the highest since December, from 9.1 percent in May.

The government revised April and May payrolls to show 44,000 fewer jobs created than previously reported. The report shattered expectations that the economy was starting to accelerate after a soft patch in the first half of the year.

The private sector added 57,000, accounting for all the jobs created, with government employment shrinking 39,000 because of fiscal problems at local and state governments.

President Obama’s senior political adviser David Plouffe said Wednesday that people won’t vote in 2012 based on the unemployment rate.

Keep holding onto the fantasy guys!

Political Cartoons by Robert Ariail

On Thursday’s “Special Report” on the Fox News Channel, Kristol said the Republicans were going to give in and agree to the terms set forth by the Obama administration.

“It sounds as if it’s heading towards a deal,” Kristol said. “It’s not a deal that I’m going to like I suspect, and think I it’s going to be a bad deal for conservatives and Republicans but I think they’re intimidated,” Kristol said. “The president has been running around talking about corporate jets and the rich, and how the sky is going to fall unless Republicans cave. And I think they’re getting ready to cave in a pretty big way on Sunday.”

Basing it on what Republicans leaders have said publicly, Kristol forecast that defense spending cuts, tax increases and other cuts would be dressed up to be more than they really are in the end. And that would lead to a conservative revolt against Republicans.

“So great, we have a Republican House, and they are going to agree to the huge defense cuts, tax increases, phony spending cuts and increased debt,” Kristol said. “I think there will be a huge rebellion among conservatives in the country if Republicans sign on to this deal.”

I agree. I’m am not hopeful that we’ll get anything more than lipstick on the debt pig.

The money drug addicted in both parties are not going to do it they just to make it look like it. That’s politics….

Political Cartoons by Michael Ramirez

Political Cartoons by Robert Ariail

Political Cartoons by Henry Payne

Political Cartoons by Michael Ramirez

Means What it Says

Time magazine editor Richard Stengel presented the cover of his new July 4 issue, which features the U.S. Constitution going through a paper shredder and asks if the document still matters. According to Stengel, it does, but not as much anymore.“Yes, of course it still matters but in some ways it matters less than people think,” Stengel said on “Morning Joe.” on MSNBC

Larry Elder: “When the chief justice read me the oath,” President Franklin D. Roosevelt said to a speechwriter, “and came to the words ‘support the Constitution of the United States,’ I felt like saying: ‘Yes, but it’s the Constitution as I understand it, flexible enough to meet any new problem of democracy — not the kind of Constitution your court has raised up as a barrier to progress and democracy.'”

FDR’s statement vividly illustrates the Big Divide between (most) Republicans and Democrats, free marketers and collectivists, Milton Friedman and Paul Krugman. It’s the line separating those who believe in the power of individuals from those who believe in the power of government — so long as they’re the ones in power. It’s the line that separates those who believe in the welfare state from those who not only believe that the federal government recklessly spends more than it takes in, but also spends it on things not permitted by the Constitution — and the country is worse off for having done so.

This is the tea party message (to the consternation of Democrats and squishy Republicans): The Constitution means what it says and says what it means. All this Constitution talk produces the inevitable backlash. Joy Behar, the learned Constitutional scholar, asked, “Do you think this Constitution-loving is getting out of hand?”

A Los Angeles Times columnist and I sat on a panel to analyze President Barack Obama’s last State of the Union speech. What, I asked, gives the President authority to place health care under the command and control of the federal government? She replied, that part of the Constitution that says to provide for the domestic tranquility.

She refers to a part of the preamble to the Constitution: “We the people of the United States, in order to form a more perfect union, establish justice, insure domestic tranquility … establish this Constitution for the United States of America.” Many members of this “living, breathing” Constitution school claim authority for things like ObamaCare resides in the “promote the general welfare” part of the preamble. Using the “domestic tranquility” part was a first.

The Father of the Constitution, James Madison, anticipated the preamble-gives-government-permission-to-do-all-sorts-of-things-for-which-it-lacks-authority argument. In 1794, Congress appropriated money for charitable purposes. An incensed Madison said, “I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.”

Time Magazine’s recent Constitution cover story asks: “Does It Still Matter?” Its answer? Well, yeah, it sort of does, but then again, you know, not so much. After all, the Founding Fathers could neither foresee computers nor Twitter nor predict that Rep. Anthony Weiner would use both to implode his career. So, really, in the modern day, what’s the relevance of the old document crafted by well-to-do, slave-owning white males?

As the federal government got bigger over the next 200 years, and assumed responsibilities the Founding Fathers considered the job of individuals, families and communities — or of the separate states — Madison’s position withered. It’s now fighting for its life.

Soon, the 50 percent of voters who pay little or no taxes will march into the polling booth, many pulling levers, pushing buttons and punching chads to vote themselves a raise — at somebody’s else’s expense. If the Supreme Court permits the ObamaCare mandate, anything goes.

Constitution-shredders point not to our bloated federal government, the entitlement mentality or to the desire of politicians on both sides to promise things that the Founders feared would eventually produce an electorate with little or no financial skin in the game. No, the real villain is the dastardly Bush tax cuts! If only they had not been enacted, they tell us!

Why not blame the tax cuts signed by other presidents? President John Kennedy’s plan reduced the top marginal income tax rate from 91 percent to 70 percent. President Ronald Reagan reduced the top marginal tax rate from 70 to 28 percent. President George W. Bush, by contrast, reduced the top rate from 39.6 to 35 percent, making him Scrooge-like in comparison.

The Washington Post’s “Fact Checker” says the two Bush tax cuts, in 2001 and 2003, “cost” $2.8 trillion over 10 years (an average of $280 billion per year). In the last two and a half years alone, Obama has presided over the addition of almost $4 trillion in new debt, and this year’s deficit is an estimated $1.6 trillion.

Besides, liberals like the Bush tax cuts — at least for the lower 98 percent of workers. Since most Democrats want to preserve the Bush-era tax rates for all but the top 2 percent, the objectionable “cost” of the cuts becomes even more inconsequential to dealing with budget, deficit and debt problems.

So now what? We drifted away from the Constitution in fits and starts. It is how we must return to it. Voters must remember who talked the talk and walked the walk. This is a time when we change course, when people rediscover American exceptionalism and the wisdom of the Constitution and say, “Enough.”

If not, Greece awaits.

It’s all Greek to Washington… 😦

Political Cartoons by Chuck Asay

Political Cartoons by Lisa Benson

Political Cartoons by Chuck Asay

The Ghost of Depressions Past

Political Cartoons by Michael Ramirez

Two years into a “recovery,” the unemployment rate leaps to 9.1% and just 54,000 new jobs are created. Is this just “bumps on the road to recovery,” as the White House insists, or something more dangerous?

This has been the most miserable recovery in modern history. Not only are there not enough jobs being created, but also the economy itself looks to be stalling.

Yet the Obama administration is crowing about its accomplishments as if slowing growth and rising joblessness have nothing to do with its bad policies.

“The initiatives put in place by this administration — such as the payroll tax cut and business incentives for investment — have contributed to solid employment growth overall this year, but this report is a reminder of the challenges that remain,” said Austan Goolsbee, Obama’s top economic adviser.

“Solid employment growth”? Since the end of last year, job growth has averaged 130,500 a month — about the number of people who enter the workforce each month. That’s not “solid” enough.

By the way, the unemployment rate has been below 9% for just five months since Obama took office — and three of those months were in the first 12 weeks of his presidency, before his policies took effect. (IBD)

The Democrats are focused on NOT passing a budget. They are not concerned with China dumping out debt. They are just attacking like angry bees anyone who might disagree with them.

“Throw grandma off a cliff” “End / Kill Medicare” et al.

And what are the Republicans doing about it? Not much.

But we can obsess about Wiener’s Weiner! 😦

And today is the anniversary D-Day.

But at least they spent $2 million to produce a new “food pyramid” so the stupid morons who don’t know that chips and beer is not a food group can ignore this too.

The upcoming election may become less about candidates and more about whether enough voters believe America faces a looming collapse that must be addressed now. Democrats minimize the threat of unfunded entitlements and our growing debt and promise to stay the course to “protect” those who depend on government support. Republicans, pointing to a looming crisis brought on by our unsustainable entitlement culture, the exploding deficit, and an anemic economic recovery, propose an austere budget and program changes that can easily be demagogued as severe and uncaring. One party campaigns on “caring enough to give you what you want” while the other campaigns on “caring enough to confront America’s unsustainable path.” As a result, the 2012 election may be the most important choice Americans have faced in decades.

With apologies to Charles Dickens’ beloved family classic, A Christmas Carol, what some voters need is a midnight visit by the ghosts of elections past, present and future to break through the denial that so many exhibit.

The Ghost of Elections Past might show voters how Roosevelt’s New Deal, designed to combat the Great Depression, actually suppressed economic growth and prolonged the depression and high unemployment. He’d point to President Lyndon Johnson’s “Great Society.” Designed to wage war against poverty, Johnson launched costly entitlements that expanded the reach and cost of government—expanded welfare, low-income housing, Head Start, and Medicare. Over the next thirty years, over 5 trillion dollars was spent on the “war on poverty,” but the number of Americans in poverty remained the same. Worse yet, more Americans were now dependent on expensive government programs, and responsible taxpayers were feeling the strain on their pocketbooks.

The ghost could note that when the Social Security Act of 1935 was being debated, it was estimated that Social Security payments would total $4 billion in 1980. In fact, government paid out a staggering $108 billion—off by a massive 2,600%. When Medicare was instituted in 1965, the House Ways and Means analysts predicted it would cost $12 billion in 1990; the actual cost topped $110 billion. They estimated that Medicare Part A would cost $9 billion in 1990—the actual cost $67 billion. Washington entitlements always cost more than projected!

The Ghost of Elections Present would point to the stark contrast about what was promised in President Obama’s “Hope and Change” campaign and the economic results after two years of his administration. The ghost could show the empty storefronts indicative of our anemic “recovery,” the continuing housing defaults and dropping price index, the long unemployment lines, the exploding gas prices at the pump, and end with a face-to-face encounter with the rapidly advancing U.S. Debt Clock.

But it’s the Ghost of Elections Future who could bring home the implications of the upcoming election. Four more years of President Obama means home prices continue on their downward spiral and bankruptcies grow with no relief in sight. The private sector responds to increased taxes, regulations and healthcare costs by refusing to hire more workers. Layoffs continue and real unemployment approaches 20%. The Fed continues to print dollars and buy debt, bringing creditors to the realization that they’ll never be repaid in anything other than a massively devalued dollar.

Reacting to the loss of confidence in the dollar, the IMF and WTO choose to no longer use the U.S. dollar as the standard currency of exchange. With the dollar nothing more than the obligation of a bankrupt government, a new round of double-digit inflation is unleashed. The cost of imported oil skyrockets. With over half of Americans receiving some form of direct government payments and the top 10% of wage earners unable to carry the load, state and federal governments are forced to make severe austerity cuts. With the cuts and the devalued dollar, the poor and middle class are hit with a devastating blow. Millions take to the street in protest, but the government cupboards are bare, and no one is willing to fund America’s debt.

Rather than being caught in America’s collapse, companies that can…leave. Those with wealth have long since moved to gold and strategic commodities. The ghost ends his warning pointing to a cavernous cliff a mile in the distance where young and old alike are forced off a cliff of no return for America.

Have you had enough of my ghosts? Get past the denial; we can’t borrow forever! As citizens, we must face the problems our current president refuses to address. Be prepared. Demand both parties to provide viable answers instead of campaign rhetoric. If we don’t, get ready to face three ghosts in your dreams…or, even worse, a nightmare that becomes reality! (Terry Paulson)

Ams for the poor?

Sorry, we are supposed to have Hope and Change and Win the (Socialist) Future for the Annoited One?

Ignore the Debt behind the curtain!

isn’t he just so wonderful…. 😦

Political Cartoons by Gary McCoy

The Race

Michael Ramirez Cartoon

Remember all the racist, bigot talk of the Democrats. Who couldn’t really since it was on 24/7 for the last 2 years and will continue, by the way, even after all this.

That the Tea Party is just a bunch of angry white people. And Republicans a bunch of greedy white people.

The Democrats are the party of the minorities.

Well, the truth is out. But don’t expect the Liberal Democrats or their minions in the media to actually notice. They won’t, trust me.

The Democrats will just double down on their rhetoric. That’s what they’ve done ever since 2000. So why would anyone expect them to understand what happened to them two days ago. I know I don’t.

Diversity: Women, Hispanics and two African-American congressmen-elect rode the GOP wave to victory. Sorry, Mr. President, these Republicans will not ride in the back of the bus. They intend to drive it.

During the campaign, Col. Allen West speculated on the possibility of joining the Congressional Black Caucus. “I think I have every right to. I would be in Congress, and I would be black and so I should be able to sit with them and, again, bring a different perspective,” he said in an interview with the Daily Caller.

Congressman-elect West will get that chance now that the Sarah Palin-backed Afghan War veteran has emerged victorious in Florida’s 22nd Congressional District, ousting two-term Democratic incumbent Ron Klein.

“Now, I really presume that the CBC will just change their name to preclude me from joining it,” he said. “But that’s OK; I’ll start my own caucus.”

The Congressional Black Caucus is a living stereotype perpetuating the myth that being black and being Democrat are synonymous and that the GOP is the party of angry white males.

The Republican Party has shown that it can broaden its base and that blacks and other minorities have options. They’ve been taken for granted by the Democrats, but that will change.

West won’t be alone, with insurance company owner and 45-year-old state Rep. Tim Scott becoming the first black Republican congressman from South Carolina since Reconstruction.

Scott is a self-described “bleeding heart conservative” of the Jack Kemp school, and the champion of an economic program he describes as “under the umbrella of fiscal sanity.”

There hasn’t been a black Republican in Congress since J.C. Watts retired from the House in 2003. More are coming. Fourteen black Republicans, 12 men and two women, ran for Congress in this cycle. You didn’t hear much about them, because that would conflict with the liberal mantra that Republicans are racists.

What makes the victories of West and Scott especially impressive is that they came in white-majority districts. All but two black Democratic congressmen come from black-majority districts gerrymandered to ensure their longevity in Congress. In this election, it was Republicans reaching across racial lines.

Tuesday also saw the election of Tea Party Republican Nikki Haley, whose parents were born in India, as the first female governor of South Carolina. She’ll join fellow Indian-American Bobby Jindal of Louisiana at the next Republican governors conference.

The biggest win for the racist, anti-immigrant Tea Party was in Florida with the election of Marco Rubio to the Senate. He was asked during a debate by a clueless moderator how it felt to be anti-Latino — as if to demand equal treatment under the law, and to demand that the federal government fulfill one of its Constitutional duties in securing the nation’s borders, made one a self-loathing bigot.

While Sen. Harry Reid remained the big fish in a somewhat smaller pond, his son Rory lost to Republican Brian Sandoval, who becomes Nevada’s first Hispanic governor.

In New Mexico, Susana Martinez was elected as the nation’s first female Hispanic governor.

Several Hispanic Republicans defeated incumbent House Democrats. In Texas, Bill Flores defeated 20-year incumbent Chet Edwards, and Francisco Canseco beat Rep. Ciro Rodriguez. Jaime Herrera became the first Latina elected to the House from Washington state.

All preached a message that appeals to all Americans: a less-intrusive government with lower taxes and less regulation that reward job creators, risk takers and entrepreneurs.

Theirs is a government that allows the creation of wealth rather than the redistribution of it, one that promises a better life for our children rather than an unconscionable burden of debt.

It’s a message that all races, ethnicities and genders respond to, as they did Tuesday.

Don’t expect the Democrats to give up on their Race War politics though. It’s all they have, along with Class Warfare. So they’ll continue to hone their craft and their lies.

I would expect nothing else.

After all, after Obama’s performance at the news conference yesterday (and it was a performance) where he tried to sound humble but every time a question was directed at him personally and questions of personal repudiation of him and his policies was asked he dodged the responsibility like a ballerina on a tight rope.

Then he headed off to a press conference with George Soros’s Moveon.org. You tell me if the leopard has changed his spots!

NO.

So beware the Lame Duck leopards. Amnesty is the biggest thing on the liberal blogsphere and they sure as hell won’t get it through a Republican House.

So it’s a race to get as much the Progressive Agenda items done before the “evil” Republicans take over.

Political Cartoon by Jerry Holbert
Political Cartoon by Robert Ariail
Political Cartoon by Bob Gorrell

 

The Eve of Destruction

Political Cartoon by Jerry Holbert

Hopefully, the beginning of the end of the Progressive Liberal’s Keynesian Nightmare. (We still have to get rid of the  main head of this hydra- Obama in 2012).

But it’s all about the turnout. Obama has been focusing for the last several weeks on turning out the people who voted him into office – The youth,women, and unions. Only his apparatchiks matter now.  He wants the stupid and uninformed to come out to vote to save him and his Progressive Liberal Utopia.

He is the President of them only.

If you’re anything but a liberal you must go to the polls tomorrow and vote to save this country from them.

Flat out. No BS.

Or you’ll be ruled by them. You will be their ATM machine so they can spend even more recklessly and then tax you into the poor house to cover it.

What do they care. If you’re poor you’ll be dependent on them anyhow.

If that’s your future, don’t you think it’s time to do something about it!

Americans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time in 14 months.

Personal spending rose at an annual rate of 0.2 percent in September, the Commerce Department said Monday. That’s below the 0.5 percent gains recorded in July and August.

Incomes fell 0.1 percent in September, following a 0.4 percent rise in August that had been pushed higher by the return of extended unemployment benefits.

The weak growth in spending and incomes underscored how fragile the economy remains. Consumers facing high unemployment and slow job growth remain reluctant to spend.

You want even more of this? Vote Democrat. Simple choice.

As for the media: Read this http://biggovernment.com/publius/2010/10/30/anchorage-cbs-affiliate-caught-on-voicemail-conspiring-against-alaskas-gop-senate-candidate/

You have local reporters conspiring to make up a child molestation charge against the Republican candidate for the sole purpose of getting someone else elected. Why? He’s the Tea Party Candidate!

The mainstream media/Ministry of Truth is like Tokyo Rose in World War II, they are the ‘enemy’ propaganda machine and are NOT to be trusted.

This is hardly the first time  that they’ve done this.

Remember Dan Rather’s proven fake memo about President Bush. Where the liberal press just went on and on about “The memo was fake but what was on it was the truth”.

And they favor doing it to Tea Party Candidates. They hate them the most.

The Left openly hates the citizens who disagrees with them. Not just the politicians, but the citizens –The American people!

Think about that.

Can you still vote for them?

If you do, you’re a fool. Flat out.

Massachusetts Sen. John Kerry is frustrated. He recently spoke to the Greater Boston Chamber of Commerce and complained that we are in “a period of know-nothingism in the country, where truth and science and facts don’t weigh in. It’s all short-order, lowest-common-denominator, cheap-seat politics.”
The single richest person in The US Government period is annoyed with the little people.

Know enough to throw these bums out. That’ll show them. 🙂

And look out for Liberals at the polls looking out for your “rights”. Aka, intimidation.

I wonder if the Blank Panthers will be out tomorrow?

I know Moveon. org (funded by George Soros) and all its little minions will be. As well as The SEIU, the Brown Shirts of Obama.

I know the mainstream media will be lying through their teeth (which is nothing new for them).

So you have to brave all this to vote the Liberals out because if you don’t, like a cancer it will grow, metastasize and kill the body very quickly.

We’ve already been infected with Health Care Reform, Financial Reform and they still want Cap-and-Trade.

The Cancer: Progressive Liberalism.

The Cure: The American people. The little people.

WE THE PEOPLE!

The Little People Shall Rise!

Political Cartoon by Nate Beeler

November is Coming!

I have been a “racist”, a “bigot”, a “moron”, “stupid”, and “idiot”, a “terrorist”, a “Nazi”,”whacky”, “fearful” “ignorant”, “astroturf”, and “dumb” ad infinitum in the last 2 years. But now I’ve been elevated to “enemy” of the State!

I’m so proud. 🙂

“If Latinos sit out the election instead of saying, ‘We’re going to punish our enemies and we’re gonna reward our friends who stand with us on issues that are important to us,’ if they don’t see that kind of upsurge in voting in this election, then I think it’s going to be harder and that’s why I think it’s so important that people focus on voting on November 2.”–President Obama on Univision Radio.
I’m officially an “enemy” of the State. I couldn’t be more proud. 🙂
The Good Book tells us that pride goes before a fall, and with the midterm elections looming perhaps nothing encapsulates the truth of this maxim more than the leadership of the Democrat Party and its constituency of liberal media elites. The Left’s inability to engage opposing views with seriousness and respect and their unwillingness to tolerate divergent opinions within their own ranks reveal an ugly intolerance lurking beneath their veneer of open-mindedness, an intolerance that has fueled the continued, rapid growth of the Tea Party and all but sealed the electoral fate of many Democrats come November 2nd.
Look at Juan Williams, a rather center-left guy, is fired mostly because he appeared on FOX.  That’s the “enemy” camp, you know. 🙂
The Tea Party phenomenon, in particular, has the likes of Matthews, Maddow, and Olbermann sputtering with outrage and confusion. These commentators simply can’t fathom how anyone could support the ideas advanced by such backward neanderthals! President Obama and the Democratic leadership are similarly irritated by the ongoing success of the movement, and have – like their ideological brethren in the media – concluded that the only possible explanation for the American public’s lack of support is a combination of ignorance, fear, stupidity, and the evil influence of shadowy special interest money. (Ken Connor)
And Speaking of Money…

For a White House that bet the ranch on a massive government pump-priming plan, it has all turned out to be a complete failure. The scheduled economic recovery has simply not occurred.

And that’s why a Republican Tea Party tsunami lies just over the horizon. That tidal wave could be even greater than current polling suggests.

It should have been recovery summer, according to the president and his followers. But it is now officially a recovery slump. The entire command-and-control economic philosophy of the Obama Democrats has proven to be a big bust. And they’ll pay a very big price for this.

In fact, the last two GDP reports have averaged less than 2 percent growth, something that qualifies as a growth recession, not a recovery.

Even worse, the GDP deflator — the broadest inflation measure — came in at 2.2 percent in the third quarter, following a 2 percent reading in the second quarter. That means inflation is rising faster than real output. Stagflation.

The Bernanke Fed should take notice of this on the eve of its quantitative-easing pump-priming exercise, expected to be announced the day after the election. We are actually experiencing a mini version of a stagflationary growth recession.

The spending, taxing, and regulating policies of the Democratic Congress and administration have blocked growth, putting the Fed in a position to provide even more money to chase fewer goods. But in classic Milton Friedman terms, even though the economy is mired in stagnation, that’s still an inflationary prescription.

On top of all that, the depreciating-dollar policies of the Fed have led to a boom in commodity prices, including food and energy — things ordinary Americans pay for in the course of their typical week.

When the economy came in at 5 percent in the last quarter of 2009, and at 3.7 percent in early 2010, it looked like a recovery scenario. This, of course, followed the Fed’s massive $2 trillion stimulus plan and the more than $1 trillion fiscal stimulus. But those sugar highs quickly evaporated as growth slowed to 2.7 percent in the spring and 2 percent in the summer.

Meanwhile, a stubbornly high unemployment rate of 9.6 percent was supposed to have dropped to 8 percent last year and 7 percent by the end of this year, according to the president’s Council of Economic Advisers. But it didn’t. The so-called stimulus failed to stimulate.

Actually, unemployment is much worse for regular workaday folks. Counting marginal part-time workers and discouraged workers, unemployment is 17.3 percent. And this year, while the president promised 1.5 million new jobs, nonfarm payrolls have grown by only 613,000, and actually have fallen over the past four months.

The trouble with the whole Obama mindset is the notion that government can run the economy. That idea has failed. It is business that runs the economy, including entrepreneurs and risk-takers. Yet the animal spirits have been stifled, while the producers have been laughed at, mocked, and insulted.

The Obama class-warfare campaign against business and investment has created a wall of worry and a refusal to invest in the future. The incentive model of growth, where it must pay more after tax and regulatory costs to work, produce, and invest, has been discarded by Obama’s extreme left-liberal Keynesianism. Predictably, higher costs — including the cost of Obamacare, probably the single-greatest barrier to growth and jobs — have forced the most productive factors in the economy to hole up and virtually shut down.

But the whole Tea Party movement of free-market populism represents an attempt to re-oxygenate the economy by unclogging the blood vessels of entrepreneurship with a major rollback of spending, taxing, and regulating. This Tea Party philosophy is derided daily by the Democrats, but it represents a bull’s-eye in terms of creating future economic growth.

Fortunately, the Republican Party has returned to this Reaganesque message. This is the single most important theme in the GOP comeback. (Larry Kudlow)

I hope the Republicans stay there and don’t decide to “compromise” or “get along” with the Liberal Democrats because a Liberals definition of “bi-Partisan” is that you agree with them and let them do whatever the hell they want.

This is one “enemy” (The Liberals) that does need to be defeated and not appeased in any way. Total and unequivocal surrender is required.

Not that the hubris-laden messianic Liberals and their brethren in the Ministry of Truth will do that, mind you. 🙂

Political Cartoon by Jerry Holbert

Uncle Sam Getting Fat

Be who you are and say what you feel, because those who mind don’t matter. And those who matter don’t mind. ~Dr. Seuss

Michael Ramirez Cartoon

Government’s role in the economy has reached an unprecedented scale by at least one measure.

A record 30 cents of every dollar in personal income comes directly from government, Commerce Department data show.

And since government produces nothing and gets it money from you and me (the private sector) and there is now 47% of the people who don’t pay taxes at all and One in six Americans receives some form of government aid because of effects of the recession that started in 2007, a review of data indicates.

More than 50 million people are on Medicaid, a program principally designed to help the poor, and nearly 10 million Americans receive unemployment benefits, USA Today said Monday in a report based on data from state officials.

“Virtually every Medicaid director in the country would say that their current enrollment is the highest on record,” said Vernon Smith of Health Management Associates, a company that compiles data for the Kaiser Family Foundation.

More than 40 million people now receive food stamps, a jump of nearly 50 percent since the recession began, the report said. The unemployment rate in the United States remains above 9 percent.

You have more people dependent on less people for more money! 😦

But don’t worry, this was the “Summer of Recovery” and everything is fine. It just needs more time , according to our Harvard Educated Academic Elites — aka the Obama boys and girls.

And they just need to explain it better and suddenly you’ll have an epiphany and see how wonderful they are! 🙂
Including transfer payments (income support and health insurance benefits) and compensation to public employees, government paid out $3.8 trillion of $12.5 trillion in total personal income in July on an annualized basis.

And remember their “urgent” August bailout of state workers for  $26 billion was supposed to be partially paid by cuts in Food Stamps in 2014 (when the Health Care Mandate is set to kick in).

So if they just explain better how their Wimpy “I’ll bailout you today for a payment in 4 years” economics work for you, you’ll suddenly fall madly in love with them and bask in their greatness. 🙂

That 30.3% share of personal income compares to 25.5% before the recession and 23.5% in 2000. The level topped 27% in the wake of the 1991 recession and hit a prior peak of 28% in 1975.

So government workers personal income has risen 7.5 % SINCE the recession started (and Congress was taken over by Democrats in 2007). And you’re on the hook for it. Doesn’t that make you happy?

The government’s record share reflects the dismal state of private wages and the ramping of federal transfer payments from a historically high base.

“The private economy has been put through the wringer and thus policymakers have been working hard to fill the hole,” said Mark Zandi, chief economist at Moody’s Analytics.

Real private wages remain 8.4% below their December 2007 level and just 1.3% above their February bottom. That low was a level first reached in March 2001.

The weakness in private wages reflects deep layoffs and shorter workweeks due to the recession, and the “not terribly robust” prior economic expansion, said Josh Feinman, chief economist at Deutsche Asset Management in the Americas.

Meanwhile, government income payments are up 17% in real terms since the start of the recession. The real mover has been transfer payments, which accounted for a record 18.4% of personal income in July. That’s up by nearly half from 12.7% in 2000 and more than a quarter from 14.4% in 2007.

The growth is a combination of the inexorable rise of spending on Social Security and health care entitlement programs, as well as a spike in unemployment compensation, food stamps and Medicaid due to weak labor markets and expanded benefits included in the Recovery Act.

Real personal income less government transfer payments remains 5.5% below its December 2007 peak, yet real disposable income is up 2.7% since the start of the recession. That’s due to increases in government income payments and lower tax payments.

Too Much To Get Out?

The government’s role in supporting the recovery is already raising questions about how the economy will fare as the crutches are removed.

“Given how significant its role has become, it does make it more difficult for the government to exit out in a graceful way,” Zandi said.
The stimulus has already begun to fade, with more than a million unemployed exhausting jobless benefits of up to 99 weeks.

Zandi says even further government stimulus would be prudent, given the current slowdown.

In addition to tax cuts and spending hikes, another option would be a government-led mortgage refinancing push to make low-rate loans available to those with insufficient equity in their homes to qualify.

“To have a meaningful recovery, the private sector has to step back up to the plate,” Feinman said.

In prior recoveries, policy stimulus and inventory building eventually allowed for a handoff to a healing private sector, he says.

That handoff “is just not happening” said Feinman. He expects “a long climb back.”

The one area of private compensation that is growing, nonsalary benefits, is not as helpful as wage growth, which puts cash in people’s pockets, Zandi notes.

Real nonsalary compensation (private and government) is up 4.1%, likely reflecting rising health care costs and perhaps some catchup pension contributions.

During the Great Depression, when fiscal stabilizers and safety nets were in their infancy, the government’s share of personal income peaked at just over 16%. Even in World War II, when the government payroll ballooned, its share only briefly neared 25%, falling back below 20% until the 1960s.

The share of personal income is an incomplete gauge of government’s economic role because it doesn’t include direct spending. A better, though imperfect, measure would be the combined federal, state and local government budgets as a share of gross domestic product.

By this score, government was far bigger during World War II, when the federal budget alone topped 43% of GDP. While state and local figures are out of date, total government spending probably will be around 40% of GDP this year. (IBD)

And Obama & Co’s solution, they want to spend more money and still raise taxes on 1/1/11.

The definition of insanity is doing the same thing over and over again and expecting a different result.

But that’s what happens when you’re in an ideological ditch and you can’t get out.

So bring out the talking points:

“In the month I took office, we were losing 750,000 jobs a month,” the president said. “This morning, new figures show the economy produced 67,000 private sector jobs in August, the eighth consecutive month of private job growth.  Additionally, the numbers for July were revised upward to 107,000. Now that’s positive news, and it reflects the steps we’ve already taken to break the back of this recession.”

The net job loss for August is largely because of the layoffs of 114,000 Census temporary workers.

When May’s job numbers showed a net increase of 431,000 jobs – 411,000 of which were Census jobs — the president did note that “most of these jobs this month that we’re seeing in the statistics represent workers who’ve been hired to complete the 2010 census.” But in those June 4 remarks the president didn’t detail just how many of the 431,000 jobs were Census jobs – 95% of them — and he cited the overall report, and its deceptively large number as evidence that businesses are “starting to hire again. Workers who were laid off, they’re starting to get their jobs back. Companies that were almost forced to close their doors are making plans to expand and invest in new equipment.” (ABC)

So you can have you’re cake and eat it too! So Let them Eat Cake! 🙂

…and said he would “in the weeks ahead” be detailing “further steps to create jobs and keep the economy growing, including extending tax cuts for the middle class and investing in the areas of our economy where the potential for job growth is greatest.”

And judging from past performance that means more government jobs and more bailouts for states and unions.

Yeah, that’s the ticket…:(

Asked to what degree he regrets his administration’s decision to call this Recovery Summer, the president stammered then said, “I don’t regret the notion that we are moving forward, but because of the steps that we’ve taken.  And I’m going to have a press conference next week, where, after you guys are able to hear where we’re at, we’ll be able to answer some specific questions.” (ABC)

Oh god, he’s going to EXPLAIN IT AGAIN! Just in case you were too stupid to understand it every other time he’s said it! 😦

If he just explains it repeatedly enough you’ll get it. 🙂

And it could have been so much worse. 🙂

“This is what change looks like,” Obama said on signing into law the Health Care Cram down Bill.

So in November, we have to show HIM what change looks like then we have change ourselves too because they are the pimps, and we are the ho’s.  So we have to take them out of the drug dealing business and we have to stop using them.

The Safety Net

“It’s very sad. I think it’s just illustrating what dire straits our federal government budget is in,” said Sheila Zedlewski, director of the Urban Institute’s Income and Benefits Center. “It’s unprecedented to raid one safety net program to feed another.”

Democrats who reluctantly slashed a food stamp program to fund a state aid bill may have to do so again to pay for a top priority of first lady Michelle Obama.

The House will soon consider an $8 billion child nutrition bill that’s at the center of the first lady’s “Let’s Move” initiative. Before leaving for the summer recess, the Senate passed a smaller version of the legislation that is paid for by trimming the Supplemental Nutrition Assistance Program, commonly known as food stamps.

The proposed cuts would come on top of a 13.6 percent food stamp reduction in the $26 billion Medicaid and education state funding bill that President Obama signed this week.

Food stamps have made multiple appearances on the fiscal chopping block because Democrats have few other places to turn to offset the cost of legislation.

Party leaders raided the budget to find off-setting tax increases and spending cuts to pay for their top legislative priorities, including the roughly $900 billion health care law.

Democrats have turned to the food stamp program because funding increases enacted in the stimulus package last year were already scheduled to phase out over time. The changes proposed in the state aid and nutrition bills would simply cut off that increase early, in March 2014. Because the cuts would not take effect for more than three years, Democratic leaders have voiced the hope that they will be able to stop them in future legislation.

But House liberals are balking now, saying that while they swallowed the food stamp cuts to pay for urgent funding for Medicaid and teachers, they will not vote for more cuts in the child nutrition bill.

A House leadership aide noted that the food stamp decrease approved in the state aid bill will not take effect right away and will leave the program at the same funding level it was at before the stimulus law was signed. “That doesn’t mean many Democrats are not concerned about the issue, but this is a process which gives us time to deal with immediate issues (like jobs) and helping the economy grow, while giving you time to deal with the food stamp issue,” the aide said. (The Hill)

In other words, the card shuffling rob Peter-to-Pay-Paul-Wimpy-I’ll Pay you tomorrow for a hamburger (or food stamp)-today economics may be running a bit thin.

The idea that you can pay for massive spending with cuts 3 years from now in the hope that everything will be fine and and you won’t have to cut them in 3 years is some how saving money now is just wrong.

And these were eliminating increases that that they’d already passed!

Sounds like rearranging the deck chairs on the Titanic after it’s hit the iceberg! 😦

But when you have The Agenda, and the Agenda must be passed and the end justifies the means, you’ll do and say anything to make it happen.

The deeper food stamp reductions in the Senate version would set an earlier date — in November 2013 — for eliminating the increased benefits passed last year.  A family of four would see their benefit reduced by $59 a month, or about 9 percent. The bill would also cut funding for nutrition education programs aimed at low-income neighborhoods and households.

But don’t worry, It will still be George W Bush’s fault if the cuts actually happen. Or evil rich people. Or Class warfare. It certainly won’t be there fault. And it’s just cutting an increase anyhow so no big deal (unless you’re the Bush Tax cuts where not increasing taxes is bad).

The truth is certainly not endangered. 🙂

I like this comment made on the article, it was suitably sarcastic:

No big deal. Just put a “cancel” on any payments from the treasury to cover charges for the Obama family’s entertainment amd travel budget. It would onlly take a few months of austerity in the White House to jumpstart the economy, balance the budget, and slash the deficit. If that doesn’t do it, garnish Obama’s salary, eliminate his empire of czars, and fire “Bozo” Gibbs. The first two measures would be sacrifices, and the third would be a sign of at least some intelligent life in the White House.

Now why would they want to interrupt their latest lavish vacation to do that? Gee, they are the elites and they are the ruling family why would they want to show any restraint?

They deserve it. They are better than you.

I guess we could always Eat their words… 🙂

Congress’ rationale for eliminating the 2003 Bush tax cuts is deficit reduction. This position would be more credible were congress not teeing-up additional discretionary spending programs in the form of various stimuli packages for union members and favored political allies whom Democrats need to please in order to ensure their re-election in November. The deficit can never be reduced if Congress doesn’t stop non-essential spending. (or this kind of Wimpy-I’ll-pay-tomorrow-for-what-I-spend-today economics).

Currently, it is not clear if the confiscatory tax policies proposed by Democrats are designed to reduce the deficit by increasing the government’s revenue or if they are designed to punish political opponents and those whose don’t share the flawed, Democrat, wealth-redistribution ideology. Increasingly, it’s looking as if the goal is to punish.

Low tax rates incentivize economic growth and investment. This has been proven time after time. But, Democrats prefer to focus, instead, on taxes on the “rich”, using inflammatory rhetoric that plays on our deepest fears and ego, fear that someone might be better than we are, have more than we do, rhetoric that encourages schadenfreude, a smug pleasure that those who have more than we, might be brought low by confiscatory tax policies.

The Democrat leaders in congress advocating against the Bush tax cuts are looking for a bogeyman—the rich—to be blamed for the failed Democrat fiscal and job creation policies. Punishing the “rich” is a campaign strategy that they hope will play well with voters this fall. (Townhall.com)

Let them EAT the “rich”. Meanwhile, the apparatchiks are being porked out of their minds.

And you, get to pay for it either way. 🙂

Oh, and just in case you didn’t know, their was another stimulus (aka bribe) recently also:

WASHINGTON (AP) — A check from Uncle Sam gets your attention, even if the money doesn’t help that much with the bills.

More than 750,000 Medicare recipients with high prescription costs each got a $250 government check this summer, and 3 million-plus more checks are going out to people who land in the program’s anxiety-inducing coverage gap.

Democrats, running scared in an election year, are trying to overcome older people’s mistrust of the new health care law, which expands coverage for younger generations by cutting Medicare payments to hospitals and insurers.

Will the ploy work?

“It’s like a teaser,” says Virginia Brant, 65, of Glendale, Ariz. “You go to Vegas and they give you the free spin on the wheel. We have had our teaser — the $250 — for us to say, ‘Gee, look at what we have coming.’”

Brant spent hers to help pay down a credit card she keeps for medications.

The checks arrive with a letter addressed directly to each beneficiary and signed by Kathleen Sebelius, President Barack Obama’s health secretary.

The money is “to bring you some needed relief on your prescription drug costs … the first step toward closing your coverage gap,” Sebelius says. Then comes the pitch: “Stay tuned for more information … on how this new law will help make Medicare more financially secure and provide you with higher quality and more affordable health care.”

Ooh, $250 bucks! Wow! that makes The Health Care Mandate  and the cuts in Medicare Advantage  (which is used for prescriptions mostly :)) so much more palatable and makes me want to vote for a Democrat so they can continue to pork people without regard to the consequences!

I guess they could always cut food stamps again to pay for it…. 🙂

So The democrats want to demagogue the rich, pay off their apparatchiks with your money and bribe people to vote for them in November.

Well at least some things haven’t changed in the swamp. 🙂

The Ship is Sinking, Save the Apparatchiks!

Americans should all print this out and carry it everywhere . . .

************************************************************************

Council of Economic Advisers chairwoman Christina Romer is best known for drafting the February 2009 report “The Job Impact of the American Recovery and Reinvestment Plan,” which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That’s not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.

Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.

Obama is adding to the economic misery by creating an environment of regulatory uncertainty. The Wall Street reform law Obama recently signed potentially requires 533 new regulations, 60 studies and 93 reports, according to the U.S. Chamber of Commerce. Obama’s Environmental Protection Agency has 29 active rulemakings, and there are 100 new rules on the Labor Department’s agenda and 26 at the Transportation Department.

Add Obama’s determination to raise everybody’s taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it’s easy to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven’t even addressed the destructive effect on economic growth of Obama’s nationalization of major portions of the economy, including the banks, health care and the auto industry.

The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it’s time for everybody in this town to admit it so we can move on.

But The Democrats and Liberals can’t and won’t do that. They can’t politically admit the stuff they have waited generations to cram down everyone’s throat is total crap on a stick!

“Recovery summer”? Time for another sobriquet.

So the little buggers went off on their 6 week holiday, BUT, nope they were ordered back by the likes of Speaker Pelosi

because they needed to pass a $26 Billion spending bill to give more money to public sector employees!

More money for their Peeps. The apparatchiks need more money!

On Friday, after release of the jobs report, Labor Secretary Hilda Solis touted the economy’s “turnaround” and credited “strong and immediate action” President Obama took after entering office. The only real problem, she hinted, was Republicans who refuse to support a $26 billion bailout for state and local governments and their pampered unions.

“There is no room for partisan roadblocks when Americans are depending on their government’s action and the stakes are so high,” Solis said. In this White House, economic recovery is always just one massive stimulus or bailout bill away. (IBD)

This would be the Hilda Solis who earlier this year created a PSA advising Illegal aliens to call her if their mean, capitalist boss was exploiting them so she could crack down on their boss!

And naturally, voting against it, is hurting children! 🙂

WASHINGTON — House members are giving up a couple of days reconnecting with folks in their districts this week to pass a jobs bill that Democrats say is crucial to the nation’s well-being.

The unusual in-and-out session was called because the Senate waited until last Thursday, after the House had already recessed for its summer break, to pass a $26 billion bill to prevent tens of thousands of teachers and an equal number of other state and local government workers from being laid off before the November election.

Oh no!  Not that! We can’t have public sector employees (unemployment rate 3%) hurt before the election while the little people have 9.5% (officially) closer to 18% in reality (with those who have given up) are in actual need but not politically necessary enough to care about.

“This legislation is about creating and saving American jobs, and preventing a double-dip recession,” House Speaker Nancy Pelosi said in announcing the special session just hours after the Senate passed the bill that the administration says could save the jobs of nearly 300,000 teachers and other public workers.

“It’s not a gamble,” he said, but “it would be gambling our childrens’ education to have them go back to school and find no teacher in the classroom or a larger class size.”-Rep. Chris Van Hollen, D-Md.

It’s all for the children…:)

Well, you’ve heard it hear first. Everything is now perfect and we’ll all be better off and the recession is officially been sorted by saving 300,000 public sector employees!!

Democrats should be staying home and listening to their constituents “instead of scampering back to Washington to push through more special interest bailouts and job-killing tax hikes,” said House GOP leader John Boehner of Ohio.

Republicans portrayed the special session as the Democrats’ pre-election gift to their labor union allies and objected to provisions to raise taxes on some U.S.-based multinational companies as a way to partially cover the $26 billion cost of the bill.

So raising taxes on evil capitalists to “save” some jobs will save us all.

Utopia is upon us all  🙂

REJOICE!

Bask in the splendor and the wonder that is Obamanomics!

Here’s the real record: America has lost 4.1 million jobs since Obama took office and 7.7 million since the recession began in December 2007. So most of the jobs lost have been under this administration. Whatever else you might call Obamanomics, “successful” isn’t it.

You’d never know that Democrats controlled Congress for Bush’s last two years, or that policies they enacted during their many decades in power — in particular, using Fannie Mae and Freddie Mac to issue trillions of dollars of mortgages to unqualified borrowers — are the root cause of our crisis.

As with most progressives, they believe bigger government is always the solution to our problems…(IBD)

So the Democrats stategy to stave off a political bloodbath is to SPEND EVEN MORE and then Blame Bush for it!

Haven’t we seen re-run before? 😦

Following release of Friday’s government report on unemployment and job creation, consumer and investor confidence has fallen to the lowest level of 2010. Just 21% of Adults nationwide now believe the economy is getting better. That’s down from 30% on Friday morning. The number who believe the economy is getting worse is now up to 54%.

The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, slipped on Monday to 69.7. That’s down nine points since release of Friday’s disappointing jobs report and the lowest level of confidence measured since December 2, 2009. Eight percent (8%) rate the economy as good or excellent while 55% say it’s in poor shape.

Looked at on a month-by-month basis, consumer confidence increased on four of the first five months in 2010 and held steady in the fifth. However, it has fallen in the past two months, June and July.

But don’t worry, everything will be a utopia when these 300,000 government union people are kept off the unemployment line!!

Everything will be great when your taxes go up!  (sorry, “pro-growth revenue”)
or was that the Health Care Mandate that wasn’t tax, it’s a penalty, that’s a tax because of the Commerce Clause.

The Border is more secure now than ever! 🙂

When Social Security is officially broke (and it is).

When Medicare Advantage is slashed and your Health Savings Account is gutted.

When Fannie Mae and Freddie Mac (left out of financial reform) are bailed out YET AGAIN!

When your bosses taxes and regulations go up!

When evil capitalist pigs are crushed under the boot of Big Brother!

When the government runs your Health Care.

When Illegal aliens are granted Amnesty (but we’ll come up with an Orwellian term for it, like “deferred action”).

Rejoice in the grandeur and splendor of Obama, Pelosi, Reid!

OR ELSE! 🙂

Think Happy

I don’t claim to be an economics wiz. Never will.

But consider the following from two different sources:

WASHINGTON — The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum.

The U.S. economy lost 131,000 jobs in July, with the private sector adding only 71,000 to its payrolls. The unemployment rate held steady at 9.5%.

Companies in the U.S. added workers in July for a seventh straight month at a pace that suggests the labor-market recovery will be slow to take hold.

Private payrolls that exclude government agencies rose by 71,000 after a June gain of 31,000 that was smaller than previously reported, Labor Department figures in Washington showed today. Economists projected a 90,000 July increase, according to the median estimate in a Bloomberg News survey. Overall employment fell 131,000 and unemployment held at 9.5 percent.

How can you lose 131,000 jobs but have job gains for 6 months in a row??

I don’t get it.

“Non-census payroll growth has averaged just 12,000 in the latest three months, which, no matter how you might try to spin it, is just plain lousy,” said Joshua Shapiro, chief US economist at MFR.

Those figures are expected to show that the US economy lost 63,000 jobs in July with the unemployment rate ticking up to 9.6 per cent. However, private sector employment is projected to rise by 90,000.

How does the unemployment rate increase, and employment rise at the same time?

And how can you have job gains and say the economy is recovering if unemployment is still 9.5 %  (and this figure doesn’t even touch the people who aren’t even looking anymore) and have Treasury Secretary Geithner say it’s going up before it goes down. How is that a “recovery”??

It’s not. But it sounds good. It’s Happy News.

Structural unemployment is defined as unemployment arising from technical change such as automation, or from changes in the composition of output due to variations in the types of products people demand. For example, a decline in the demand for typewriters would lead to structurally unemployed workers in the typewriter industry.

And it’s new buzzword.

And so, because of globalization and the the fact that the games has changed the nearly 10% unemployment is here to stay. That the long-term unemployed come to be seen as unemployable or as forgotten.

Shrinkage.

It’s not our fault.

It just is.

That seems to be the new line coming from the Elites.

We can’t do anything about it, so stop bitching about it. 😦

Fannie Mae and Freddie Mac, who were excluded from the Financial “reform” lost $1.5 billion for the 12 quarter in a row!

But don’t worry, everything’s fine. Nothing to see here. Think happy thoughts.

**********************

The fundamental issue dividing America right now is whether the people with power represent those they govern. Democrats certainly won lots of elections in 2008, and they have large majorities in both House of Congress, but have those majorities done their job of accurately representing majoritarian opinion in the U.S.? Or did the president, campaigning as a centrist, usher in a hard left Congress and then himself lurch left?

I believe that there is a deep, deep disconnect between the elites and the mainstream, and the anger that is surging on both sides of the divide grows out of the sense that majorities are being trampled on. Left-wing activists point at the Senate and argue that a minority of Republican senators is blocking the majority’s will. Center-right activists applaud those Republicans as representatives of the genuine mainstream and point to the votes and polls noted above and argue that the current Congressional majorities are false positives, unrepresentative of where the country truly is, delivered in large part by an Obama-awed MSM dominated by Journolistas moving in lock step to promote the left’s agenda.

The self-righteous and angry rhetoric of scorn and indignation employed by Bloomberg (On The Ground Zero Mosque issue) and the opponents of Prop 8 this week, and routinely by the president and his Congressional allies over the past many months, provide the perfect fuel for the fires of the neopopulism of the Tea Parties. The vast majority of Tea Party participants are mainstream Americans who work hard, pay taxes –lots and lots of taxes– and are concerned about the huge lurch left. They are fearful about the incompetence of the economic team and the vast gusher of deficit spending which continues to flow out of D.C. –another $26 billion Wednesday!– and they are concerned that their childrens’ futures are being compromised by ideological zealots. They are sick to death of the media gamesmanship of “summits” and the president’s refusal to answer questions directly or to engage his political opponents with other than sneers. Nancy Pelosi and Harry Reid are the “leaders” of the left and they are mean-spirited and do not appear to be either very bright or at all good humored.

So that is where we are, 89 days from what may well be a historic “U Turn” election. The stakes are very very high, and the left has gone a long way beyond their previously announced goals and agendas.

And they will do anything to win. And after all, it’s all Bush’s Fault anyhow! 🙂

The left is, in a word, exposed. Clarity is a wonderful thing, as my friend Dennis Prager likes to say. As August unfolds, there isn’t any need to guess which way the Democrats and the cultural left wants to take the country. The only question is whether the country wants to go along, and that will be answered on November 2. (Hugh Hewitt)

So the counteraction is, REMEMBER IN NOVEMBER and vote them out.

Unless you like the status quo of Orwellian overuse of  “racism”, structural unemployment, debt, deficits, and a government running every facet of your life, that is. 🙂

And Just to make you feel good and happy: Even the innocence of childhood is being trampled by bureaucrats!

lemonade1JPG.JPG

It’s hardly unusual to hear small-business owners gripe about licensing requirements or complain that heavy-handed regulations are driving them into the red.

So when Multnomah County shut down an enterprise last week for operating without a license, you might just sigh and say, there they go again.

Except this entrepreneur was a 7-year-old named Julie Murphy. Her business was a lemonade stand at the Last Thursday monthly art fair in Northeast Portland. The government regulation she violated? Failing to get a $120 temporary restaurant license.

Turns out that kids’ lemonade stands — those constants of summertime — are supposed to get a permit in Oregon, particularly at big events that happen to be patrolled regularly by county health inspectors.

“I understand the reason behind what they’re doing and it’s a neighborhood event, and they’re trying to generate revenue,” said Jon Kawaguchi, environmental health supervisor for the Multnomah County Health Department. “But we still need to put the public’s health first.”

It was for your good. Doesn’t that make you feel better that the government is looking out for rogue lemonade stands! 🙂

And in the news story about Riverhead, NY officials using Google Earth to spot unlicensed pools and boy you just gotta thank your lucky stars that the government is there to protect you.

That is, unless you’re in Arizona, then you’re not allowed to do that. 🙂

Julie had become enamored of the idea of having a stand after watching an episode of cartoon pig Olivia running one, said her mother, Maria Fife. The two live in Oregon City, but Fife knew her daughter would get few customers if she set up her stand at home.

Plus, Fife had just attended Last Thursday along Portland’s Northeast Alberta Street for the first time and loved the friendly feel and the diversity of the grass-roots event. She put the two things together and promised to take her daughter in July.

The girl worked on a sign, coloring in the letters and decorating it with a drawing of a person saying “Yummy.” She made a list of supplies.

Then, with gallons of bottled water and packets of Kool-Aid,  they drove up last Thursday with a friend and her daughter. They loaded a wheelbarrow that Julie steered to the corner of Northeast 26th and Alberta and settled into a space between a painter and a couple who sold handmade bags and kids’ clothing.

Even before her daughter had finished making the first batch of lemonade, a man walked up to buy a 50-cent cup.

“They wanted to support a little 7-year-old to earn a little extra summer loot,” she said. “People know what’s going on.”

Even so, Julie was careful about making the lemonade, cleaning her hands with hand sanitizer, using a scoop for the bagged ice and keeping everything covered when it wasn’t in use, Fife said.

After 20 minutes, a “lady with a clipboard” came over and asked for their license. When Fife explained they didn’t have one, the woman told them they would need to leave or possibly face a $500 fine.

Surprised, Fife started to pack up. The people staffing the booths next to them encouraged the two to stay, telling them the inspectors had no right to kick them out of the neighborhood gathering. They also suggested that they give away the lemonade and accept donations instead and one of them made an announcement to the crowd to support the lemonade stand.

That’s when business really picked up — and two inspectors came back, Fife said. Julie started crying, while her mother packed up and others confronted the inspectors. “It was a very big scene,” Fife said.

Technically, any lemonade stand — even one on your front lawn — must be licensed under state law, said Eric Pippert, the food-borne illness prevention program manager for the state’s public health division. But county inspectors are unlikely to go after kids selling lemonade on their front lawn unless, he conceded, their front lawn happens to be on Alberta Street during Last Thursday.

“When you go to a public event and set up shop, you’re suddenly engaging in commerce,” he said. “The fact that you’re small-scale I don’t think is relevant.”

Kawaguchi, who oversees the two county inspectors involved, said they must be fair and consistent in their monitoring, no matter the age of the person. “Our role is to protect the public,” he said.

From Childhood, obviously! 🙂

The county’s shutdown of the lemonade stand was publicized by Michael Franklin, the man at the booth next to Fife and her daughter. Franklin contributes to the Bottom Up Radio Network, an online anarchist site, and interviewed Fife for his show.

As for Julie, the 7-year-old still tells her mother “it was a bad day.” When she complains about the health inspector, Fife reminds her that the woman was just doing her job. She also promised to help her try again — at an upcoming neighborhood garage sale.

While Fife said she does see the need for some food safety regulation, she thinks the county went too far in trying to control events as unstructured as Last Thursday.

“As far as Last Thursday is concerned, people know when they are coming there that it’s more or less a free-for-all,” she said. “It’s gotten to the point where they need to be in all of our decisions. They don’t trust us to make good choices on our own.”

No they don’t.

But they can be pressured into sounding like they care, especially when they’ve been embarrassed into it.

PORTLAND, Ore. — A county official in Oregon has apologized after a 7-year-old’s business venture was soured because health inspectors shut down her lemonade stand.

Multnomah County Chairman Jeff Cogen, the county’s top elected official, said Thursday that running a lemonade stand is a “classic iconic American kid thing to do.”

He says he called Julie Murphy’s mother, Maria Fife, to offer his apology and says she appreciated it.

Fife helped her daughter set up a lemonade stand last week at a local arts fair in northeast Portland. They had to pack up and leave after being approached by two inspectors who said the stand lacked a license.

Cogen says while the inspectors were doing their job, the rules are meant for professional food service operators. He adds he ran lemonade stands as a child.

Cogen said the inspectors were “following the rule book,” but should consider that food-safety laws are aimed at adults engaged in a professional food business, not kids running lemonade stands.

But if someone does it again, what do you want the “fair” inspectors will be back. 🙂

And just what does it say about the mindset that would even go there on a lemonade stand to begin with?

How about this comment on the story: So the moral of this is that if you take your little darling to another location in the city away from your home and have them sell food or drinks from a stand, the health inspectors should do nothing to insure the food or beverage is safe. Great. Why even bother having health inspectors? This is a bad precedent to set. The inspectors did nothing wrong.

The government must be ever-present to save you from yourself!

Personal Responsibility is the Government’s job after all! 🙂

And if they can’t be there every minute of every day to protect you from yourself, anarachy will rain down upon us all!

Dr. Peter Venkman: This city is headed for a disaster of biblical proportions.
Mayor: What do you mean, “biblical”?
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling!
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes…
Winston Zeddemore: The dead rising from the grave!
Dr. Peter Venkman: Human sacrifice, dogs and cats living together… mass hysteria!

So what happens with us adults when we want to do something the “rules” says we can’t do or we want the government to live up to it’s own rules that it’s ignoring? Or if we want the rules changed?

Like object to Health Care Mandate for instance? Or Illegal Immigration?

Hmmm… 🙂

Getting in Touch with your Inner Banana

I will explain the title in due course.  So bear with me. there’s a bit of a set up needed.

Timothy “Tax Cheat” Geithner:  US Treasury Secretary Timothy Geithner has told the BBC that the world “cannot depend as much on the US as it did in the past”.

He said that other major economies would have to grow more for the global economy to prosper.

We are now declare The United States Not to be a Super Power and a World Leader, so piss off!

Yes, that’s the demoralizing sound of the White House spreading more malaise.

Welcome to Carter Malaise II: The Intentional Sequel.

In other words, don’t expect the engine that has been the driver for the world economy for over a century to keep up the pace.

This fits with President Obama’s conviction that the U.S. is no more extraordinary than any other country.

We’re nothing special. We are just another country of many. Nothing to see here, move along…

Everyone is equal and no one is better than anyone else.

“I believe we must each start by setting out plans for getting our national finances under control,” New UK Prime Minister David Cameron.

Australian Prime Minister Kevin Rudd was tossed out this week BY HIS OWN LABOR PARTY.

He was replaced by his deputy Julia Gillard, who became the story of the day by becoming Australia’s first woman prime minister.

It was a bad fall for the man dubbed Australia’s Barack Obama.

Like the latter, the youthful Rudd initiated costly health care, home weatherization, entitlement, and global warming pork barrel projects. In the process, he blew out the Australian budget.

When the time came to pay the bill, he effectively committed political suicide by calling for a 40% tax on Aussie mining companies.

Those firms form the backbone of Australia’s dynamic economy, accounting for half of its exports. As Rudd imagined that it was he who kept Australia out of financial crisis, the reality was it was private firms like these that created the value and jobs for Australians.

When news of Rudd’s tax hikes suggested a bid to expropriate companies’ profits, the stock market took a beating.

To pay for his own bloated government programs, Rudd claimed — as his union supporters did — that he only wanted companies to pay their “fair share.” Unions themselves added to the fantasy by claiming these taxes would create jobs. Rudd echoed that, absurdly claiming the tax would be good for the economy.

“It is important to pay emphasis on the independent modeling of Treasury who’s put all the factors together and projects this industry will grow by 6.5% over five to 10 years,” Rudd told incredulous mining executives from BHP Billiton, Rio Tinto and Fortescue last May as stocks fell. “As a result of (this 40% tax) we will see a better and more dynamic mining industry in the future.” (IBD)

Beginning to sound familiar??

The Full on Socialist German State:

German leader Angela Merkel believes that the massive spending President Obama is advocating is not right for her country to undertake. Merkel, sounding and parroting the familiar refrain of Conservative Republicans, is a proponent, at this juncture, of curtailing spending and sees merit in the German engaging in more savings. President Obama on the hand wants the major economies like that of Germany (ranked number 4) to emulate the profligate spending him and the U.S. lawmakers – at least the Democrats – have contributed to the world money supply. President Obama also wants Germany to curtail its forays into exports and focus it fiscal policies on consumer spending so as to spur economic growth.

Chancellor Merkel may not be operating on her own accord concerning the fiscal policies that she is currently championing like any astute politician, Merkel may be listening to her people’s voice on this matter. Much of the German people did not support the bailout (110 billion Euros) provided for Greece and (750 billion for the European safety net).

//

This posture by the German people of disagreeing on their version of bailouts mirrors the angst felt by the Tea Partiers in America.

So the Socialists have had enough of full-on socialism, and what does Obama want?

Full on Socialism.

You have to wonder why European Socialists are worried about debt and spending and Obama is not.

Add in Timothy “We are no longer a Super Power” Geithner’s comments and you start to see where I’m going with this.

I hope. 🙂

German Finance Minister Wolfgang Schäuble has added his voice to the growing discussion about the United States’ recession spending spree.  In a response to President Obama’s call for further international recession spending, Schäuble stated “governments should not become addicted to borrowing as a quick fix to stimulate demand. Deficit spending cannot become a permanent state of affairs.”

As if there were any doubt about the United States’ spending addiction, Heritage budget expert Brian Riedl explains, “the annual federal budget deficit is projected to reach 8.3 percent of gross domestic product (GDP) by 2020—more than three times the historical average.”

This means that if the US wanted to balance the budget by 2020, one-third of all spending would need to be eliminated or taxes would need to increase by 50 percent.

The Congressional Budget Office has just released its assessment of the administration’s budget outlook. The numbers are shocking. Under the president’s policies the federal deficit will exceed $700bn (€520bn, £467bn) in every year over the next decade. The sea of red ink will more than double the national debt to more than $20,000bn. The upshot is that in 2020, the deficit is projected to be $1,200bn, of which more than $900bn is borrowing to pay interest on previous debt. It is a sorry state of affairs.

So Obama and The Democrats want Financial “reform”.

They want to punish Wall Street!  Those evil, corrupt Capitalist Bastards!

But just like the Health Care “reform” that was more about stealth tactics to eventually kill off the private industry and have you dependent on the government, this too is not about Finances and Wall Street and just another polarized Alinsky tactic.

The upshot: no downgrade in our status as a AAA  Credit nation until interest equals 14 per cent of revenues. (and when it is downgraded the cost of the 13+ Trillion dollar debt goes up!)

Let’s party ‘til 2014 because in the Obama administration budget, D-Day (Downgrade Day) is 2015 when the magic number reaches 14.8 per cent. Moreover, the plan is not merely to flirt with modest deterioration in creditworthiness. In 2020, the ratio reaches 20.1 per cent. The US is on track for a junk-bond bonanza.

Just after 2014 when all the Health Care taxes come into full force and by then private health plans will likely be near extinction.

Coincidence?

I think not.

It’s just another takeover, but in the 2000+ plus throw the frog in cold water and then boil him slowly to death kind of way these Democrats seem to prefer.

Hell, they don’t even READ their own damn bills!

And it’s brought to you by Barney Frank and the retiring Chris Dodd, the guys who created the Mortgage mess!!

So the fox is going to save the chickens in the chicken coop!

Some Highlights

The Power to Unwind:

The FDIC would have the authority to liquidate failing firms while the Treasury Department fronts the money to do so. There would also be a repayment plan so that taxpayers are guaranteed to get the money back (and where does the government get the money??? You’re looking at his computer!).

So if the government “deems” you failing, you get taken over and sold off.

Gee, that can’t be abused at all can it! 😦
Financial Stability Oversight Council:

The council would monitor systemic risk across the entire financial system and make recommendations to the Federal Reserve to alleviate that risk. The ten-member council would include the heads of the federal financial agencies.

Corporate America’s Sith Overload. What do you bet they will be political appointees?

Just like the Oil Spill Investigation commission that has a bunch of left wing environmentalists and not one Engineer or Oil Businessperson!

They would never use any of those Chicago tactics on them, now would they… 😦

The government also gets to decide what is a “financial” firm. Does GM, which makes loans, fall into that category? How about Wal-Mart, which issues its own credit cards?

In effect, this lets the government seize and dismantle the assets of almost any company — and then force others to pay for it.
Fannie/Freddie:

Republicans biggest beef with the whole bill is that it does nothing to address the problems, and sustainability, of mortgage giants Fannie Mae and Freddie Mac.

For instance: Fannie Mae and Freddie Mac, which were in arguably at the heart of the financial crisis, and which have already cost U.S. taxpayers $146 billion (with hundreds of billions more on the way), aren’t addressed in this bill at all.

The major reason for the collapse in the first place gets ignored!

Wonder Why?

Oh, that’s right, it’s government owned, heavily in debt, and guaranteed to be bailed out! (by you of course!)

Just Like Medicare, Medicaid and Social Security!

No problems there! 🙂

No Resolution Fund:

The House wanted to create a $150 billion fund to pay for any future bailouts. The fund would be paid for by the banks. This provision was gutted. Conferees agreed that this could only be created after a massive collapse. This is the fund that Republicans successfully painted as a permanent bailout fund when Democrats in the Senate tried to include a similar, but only $50 billion, fund.

And the Republicans were right. Can you say, slush fund!

Any bank that runs into trouble can still walk up to Uncle Sam’s borrowing window and, hand outstretched, ask for money. And if the bank is politically connected or very large, it will get it.

The bill also creates a new agency inside the Federal Reserve that will have extensive power over consumer lenders. Hold the applause, because likely new limits on checking account fees and interest on credit cards will mean less access to credit, not more.

So you have less credit available, you have new regulations and new taxes, an Oversight committe that can swoop in and shut you down, and Health care cost are going to skyrocket under ObamaCare.

Sounds like a great business climate to me. Sign me up. 🙂

US Treasury Secretary Timothy Geithner has told the BBC that the world “cannot depend as much on the US as it did in the past”.

Because the Government is going to intentionally, “for your protection” get in the way of business even more now than before.

WASHINGTON (AP) — The economic recovery won’t be catching fire any time soon.

Businesses and governments are likely to reduce spending in the second half of the year. Consumers, who drive most economic growth, aren’t expected to take up the slack.

The Commerce Department said Friday that the economy grew at an annual rate of 2.7 percent in the first quarter, offering its third and final estimate for the period. It was slower than initially thought because consumers spent less and imports rose faster that previously calculated.

Economists anticipate even slower growth ahead as companies bring their stockpiles more in line with sales. Factory output has climbed this year. But it was driven more by businesses replenishing their warehouses after the recession and less by consumer demand.

“The economy is growing, but still at a disappointingly slow pace,” said Zach Pandl, an economist at Nomura Securities. Take away businesses restocking their inventories and “you still have a lukewarm recovery,” he said.

Other factors could hold back growth. Federal government stimulus spending is expected to fade. The European debt crisis could slow U.S. exports and world trade. And state and local governments are likely to rein in spending and raise taxes as they struggle to close budget gaps.

“This is still the weakest and longest economic recovery in U.S. postwar history,” said Paul Dales, U.S. economist with Capital Economics.

High unemployment and tight credit have kept consumers from ramping up their spending as in past recoveries. The housing industry has played a big role after previous recessions. But this time it is slumping and subtracting from economic growth.

Most economists expect the unemployment rate, currently at 9.7 percent, to remain above 9 percent through the end of the year.

The economy has grown for three consecutive quarters after shrinking for four straight during the recession — the longest contraction since World War II.

And Stimulus III is on the way. After all, the previous ones were a roaring success!! So let’s do it again! and again! and again!!

Another part of the bill, and one that’s gotten little attention, makes changes to the amount of capital banks must keep to back up their loans. Banks eventually will be forced to raise more capital, or to reduce their lending. It also gives the government oversight over the $600 trillion derivatives market, without telling us what the rules will be. That, no doubt, will be left to bureaucrats. (IBD)

And they do a bang up job of it, always.

Add in that the Government has taken over Banks, Car Companies,Insurance Companies, and now wants to micromanage the financial sector.

So they want to decide who lives and who dies (Health Care)

Who is employed, by who whom and how that company operates. And if they don’t like it, they will swoop in “for your own protection” and save you from the evil capitalist exploiters.

Unions, especially Government Unions get special perks, deals and exemptions.

They are actively trying to destroy the Oil Industry (the moratorium) so they can take that over because “it’s too big and too important fail”. But if we help it fail, that’s ok.

Medicare and Medicaid  and Social Security are bankrupt. Fannie and Freddie are a bottomless pit.

The Congress wants an Internet “kill switch” for cyber-terrorists (terrorists being Right-wingers according to Homeland Security Secretary Napalitano last year)

Taxes are going up in 2011 by large amounts.

New taxes from ObamaCare start in 2011.

Unemployment may permanently be around 10% some economist are saying if everything remains as is.

50% of the people don’t even pay taxes.

The only sector of jobs that’s growing is the Public, government sector.

They want “Comprehensive Immigration Reform” aka Amnesty. And will not settle for less.

They are going to sue Arizona for wanting to protect itself.

That’s the Government’s job! 🙂

And if you don’t like the fact that they aren’t and don’t care to, tough bovine fecal matter!

We are the Power. Not You!

So they want to control your Energy, you Job, your Boss, your security, your Medical Care, Your Health, your retirement, and your how you make money.

So what does this all mean?

It means we have a President who willfully and with ideological malice wants to downgrade America to not only  ‘just another country’ but a banana 2nd or third tier one to boot. Nothing special.

What our country needs today is an inspirational leader, one who gets what makes the U.S. unique and who’ll boldly lead the nation out of its slide toward despair as he invites the world to climb with us.

What we have is a Banana Republic Dictator Wannabe.

He wants to throw the American People (the frog) in the cold water and boil them to death slowly.

To take over your life completely.

He want’s to “know whose ass to kick”.

Yours.

So he’s in touch with his Inner Banana (Dictator that is!). 🙂