Got it?

The economy is “fine” and all we need to do is more stimulus spending. The Democrats plan is working.

Just how bad have the last three years been for some Americans? A Fed survey has some brutal data today showing that both median family income and net worth dropped dramatically over the last three years.

The median family net worth dropped a staggering 40% to $77,300 in 2010 from $126,400 in 2007, the Fed said in its Survey of Consumer Finances which is released every three years. The median family income dropped as well from $49,600 in 2007 to $45,800, or a 7.7% drop.

Middle-class families faced the brunt of the declines with those in the 60th to 80th percentile of income seeing a 40.4% drop in net worth from $215,700 to $128,600. Families with a net income in the the 20th to 39.9th percentile of income saw a 35.4% drop in net worth from $39,600 to $25,600.(Forbes)

Damn those “obstructionist” Republicans  and evil rich corporate pigs!

Not only were Americans still facing significant debts, but they were making less money. Median income fell nearly 8 percent.

We just need more taxes and more spending and everything will be “fine”….eventually.

“The share of families with any type of debt decreased 2.1 percentage points to 74.9 percent over the 2007–10 period , reversing an increase that had taken place since 2001.” In particular, the share of a family’s outstanding credit card balances decreased 0.6% over the three-year period.

Meanwhile The Obama Administration has Spent $6 Trillion Dollars in ADDITIONAL DEBT. And they want to SPEND EVEN MORE!

Gee, I wonder who get’s it?  (and who SHOULD get it in November!) 🙂

But in truth, the president doubled down, explaining again his argument that the only real problem that the private sector really has is the decline in government hiring as federal stimulus funds have dried up. (FOX)

The Unemployment rate for Government employees is 4.2%. It’s been over 8% since February 2009 otherwise. But it’s “fine” and we just need to spend even more!

Compare that to private-sector industries such as construction (14.2 percent unemployment), leisure and hospitality services (9.7 percent), agriculture (9.5 percent), professional and business services (8.5 percent) and wholesale and retail trade (8.1 percent). As Andrew Biggs of the American Enterprise Institute points out, the public-sector unemployment rate “is the lowest of any industry or class of worker, even including the growing energy industry.” If the rest of Americans enjoyed the same unemployment rate as government workers, Obama would be cruising to reelection. (townhall)

“I would like to be able to know that my home, no matter what happens to my income or my life, is not going to be taken away from me because I can’t pay a tax,” said Susan Beehler, one in a group of North Dakotans who have pressed for an amendment to the state’s Constitution to end the property tax. They argue that the tax is unpredictable, inconsistent, counter to the concept of property ownership and needless in a state that, thanks in part to wildly successful oil drilling, finds itself in the rare circumstance of carrying budget reserves.

“When,” Ms. Beehler asked, “did we come to believe that government should get rich and we should get poor?”(NYT)

In a Word: “fair”. 🙂

Still, even if the measure here fails on Tuesday, the notion is picking up steam in some Republican circles in other states, including North Carolina, Texas and Pennsylvania.

“No tax should have the power to leave you homeless,” said Jim Cox, a state representative in Pennsylvania who has proposed legislation to eliminate the school property tax in the state where, he said, such taxes have led to residents’ losing homes to sheriff’s sales, entering into reverse mortgages or simply moving away.

Do you think some people are ahead of the self-interested bureaucrats and Tax-and-spend Liberals?

Yes.

Are they right?

Maybe.

But shaking up the liberal status quo is always a good thing. But be prepared for the rattlers and cobras that you turn over when peeking under those rocks. They will be VERY MAD.

But, if all else fails the Nobel Peace Prize Winner will just step up the Drone attacks on his “kill list” and make himself look like a bad ass. 🙂

But there is a Bright Side:

Union workers in the Sharpsville Area School District cafeteria were the victors in a dispute with the school over what they could, and could not eat.

Members of the American Federation of State, County and Municipal Employees filed the grievance in 2011, according to the settlement which was approved by a unanimous vote of the school board May 21.

The board’s solicitor Bob Tesone approved the release of a copy of the three-page resolution this week following an earlier request by The Herald.

The grievance was based on the allegation that the school district “violated established past practice” in charging cafeteria workers for food or drinks that couldn’t be sold or consumed by students. These items would include food or drinks with expired dates or foods that had been reheated, none of which can be served to students according to safe food regulations.

But according to the settlement, cafeteria employees indeed can eat and drink those expired or reheated items – at their own risk. And they don’t have to pay for them. (Sharon,PA Herald)

Now ask yourself why this was litigation worth to begin with??

But at least this Union has won an important victory for the people to eat expired food that the taxpayers paid for and now they get to scarf as much of it as possible without paying for it!
Onward to Wisconsin! 🙂
Job growth has stalled, the Democrats have been humiliated in Wisconsin, the attorney general is facing a contempt-of-Congress citation, talks with Pakistan have broken down, Bill Clinton is contradicting Obama, Mitt Romney is outraising him, Democrats and Republicans alike are complaining about a “cascade” of national-security leaks from his administration, and he is now on record as saying that the “private sector is doing fine.” (Washington Post)
But at least Union workers can eat expired food!!
“It’s not as bad as the Great Depression.  There’s a winning slogan…but it’s incredibly awful.”–Uber Liberal Paul Krugman.
Jared Bernstein, a former Obama economic adviser, said the president’s gaffe won’t do lasting damage “because that’s not the way he sees it.”
Well, that make me feel better. that’s settled.
Blame high private sector unemployment on Republicans.  This second point is particularly rich, considering that Democrats already had their bite at the “shovel ready jobs” apple, and failed spectacularly.  The president was even reduced to chuckling at his multibillion dollar miscalculation. Oops!  Democrats didn’t need any Republican support to pass the stimulus.  They could have fashioned whatever bloated monstrosity they wanted, and they did.  When voters elected Republicans in a landslide in 2010 to rein in the spending carnival, the GOP slammed the breaks on Obama’s unpaid-for son-of-stimulus known as the “American Jobs Act.”  The White House would have us believe that this “obstructionism” is what has prevented a guns-blazing recovery.  Does Carney not recall that this legislative panacea was also repeatedly blocked and stalled by Senate Democrats?  And is he unaware that the GOP has passed a decent chunk of The One’s jobs agenda?  Of course not, but he’s got nothing else to say. It’s that simple.
Obama promised that his $825 Billion boondoggle would increase household incomes by $3,000 on average.  Median income has since dropped to 15-year lows, and American families’ net wealth has plunged even further.  But blame Bush.  Yes, the downward trend started under Bush (the cause of the 2008 meltdown is a subject for another day), but Obama promised to fix things.  He has not. (Guy Benson)
But that’s not his fault!
And all we need to do is raise taxes, screw the rich and corporations, and Spend even more more and Utopia awaits!!
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Political Cartoons by Glenn McCoy
Michael Ramirez Cartoon

What is Old is New Again

That 1%er Update:

While millions of Americans saw their incomes decrease, their job opportunities dissipate and their home values drop as the economy dipped, the 535 men and women they elected to represent them in the U.S. Congress were not only shielded from the economic downturn but gained during it.

The average American’s net worth has dropped 8 percent during the past six years, while members of Congress got, on average, 15 percent richer, according to a New York Times analysis of financial disclosure. The median net worth of members of Congress is about $913,000, compared with about $100,000 for the country at large, the Times’ analysis found.

This wealth disparity between lawmakers and the people they represent seems to be continually growing . Nearly half of Congress — 249 members — are millionaires, while only 5 percent of American households can make the same claim .

But THEY (the 5%) are the 1%ers who are so evil and greedy! Not 1/2 of Congress! 🙂

To win a House seat, candidates spent an average of $1.4 million in 2010, four times as much as was spent in 1976, according to the Federal Election Commission. Winning a Senate seat is nearly 10 times as expensive, with the average successful Senate campaign shelling out nearly $10 million in 2010.

And there is no quid pro quo going on with the people who fund them! 🙂

And ’tis the Season for New Laws: Mostly from the Granola State, California, (“What isn’t fruits & nuts is flakes”) and boy has it ever been…

California also became the first state in the nation to require a prescription for obtaining any drug containing dextromethorphan, an ingredient found in many popular over-the-counter cough suppressants, including Robitussin, NyQuil and Dimetapp.

Voter identification continued to be a hot topic for legislators in 2011. Four states — Kansas, Rhode Island, Tennessee and Texas — approved laws requiring voters to present photo identification before casting ballots.

A fifth state, South Carolina, had passed its own voter-identification law, but it was overturned Dec. 23 by the Justice Department. South Carolina is required to submit revisions in voting procedures for federal clearance as a state with a history of discrimination at the ballot box, but it can appeal Justice’s ruling in federal court.

Yeah, the Justice Department doesn’t want you to discriminate against Illegals. They are future Democrats!!

Supporters say the laws are needed to combat voter fraud, but the effort has touched off an outcry among civil rights groups, which contend that the laws are aimed at suppressing minority-voter participation. The NAACP recently launched a campaign, Stand for Freedom, to fight voter-identification measures.

Naturally, they are going to play the Race Card. What else would they play…

Employers will be required to use E-Verify to determine the eligibility of their employees starting Jan. 1 in four states — Louisiana, Tennessee, South Carolina and Georgia. In California, however, legislators bucked the trend by prohibiting any state or local government from requiring employers to use the E-Verify program unless required by federal law or as a condition of receiving federal funds.

In education, California approved two hotly debated laws slated to take effect on New Year’s Day. The California Dream Act expands eligibility for institutional grants and fee waivers to students who are in the country illegally at the state’s university systems and community colleges.

Everyone who’s illegal move to California! 🙂

To qualify, students must attend for at least three years and graduate from a California high school and prove that they are applying for legalized immigration status. The students must also meet certain academic standards.

California also becomes the first state to mandate the teaching of gay history. A new law requires schools to include in the public-school curriculum the contributions of lesbian, gay, bisexual and transgender Americans, along with disabled persons and others. The statute, which has no age limit, also bans instructional material that discriminates against those groups.

Students taking the SAT in California caught a break with a law requiring the sponsors of standardized tests to accept “alternative methods” of identification for students without a driver’s license or other traditional identification.

Yeah, we wouldn’t want to discriminate against illegal aliens who can’t prove there here illegally. 🙂

Worth Watching (on Free Speech):

In North Carolina this week, a young man named Mostafa Kamel Hendi hit upon a plan to make ends meet in this rotten economy: He decided to knock over a local gold store. Tape shows this determined and enterprising flower of American youth strolling into the store, hoodie over his head, and then gesturing to the clerk, Derek Mothershead, to shove some money in a plastic bag.

Mothershead, however, not being a member of the liberal effete class who believe that all robbery is a noble redistributionist impulse, had an unexpected reaction. He handed Hendi some money — and then, as Hendi bent to put the money in the bag, Mothershead clocked him with a tremendous left. Hendi went down, bleeding profusely. “There was just an opportunity there where I thought that I could actually do something and justice could be served,” said Mothershead, “and I thought that’s what needed to be done.” This tough Mother then forced Hendi to clean up his own blood with paper towels and cleaning solution. “If he wants money,” Mothershead added, “get a job. Work like everybody else in this world.”

Poor Hendi. If only he had worked for the government, none of this would have ever happened. Unfortunately, it seems there’s simply no way to fight back against a government full of Hendis hell bent on taking our money at the point of a gun — for our own good, of course.

Next up: The CAIR will file a lawsuit against the shop owner for being anti-Muslim. After all, at Fort Hood a Muslim went into a building yelling “Allah Ackbar” and killed 13 people and that was just “workplace violence” according to the Obama cronies. So this must be racism! 🙂

When 2011 dawned, it seemed a year of hope and change. After all, at the end of 2010, we elected Republicans in a Congressional landslide. President Obama was on the rocks thanks to charting a committed course of spending, spending and more spending. Most of all, the voting populace seemed to understand for the first time in 60 years that not only is there no such thing as a free lunch, but the man who offers the free lunch expects your firstborn child in return. Government, we realized, was Rumpelstiltskin rather than Santa Claus.

As the year progressed, however, it became clear that no matter who we elected, they were unwilling to say Rumpelstiltskin and make the greedy monster disappear. Republicans collapsed not once but twice on the spending issue. First, led by hack Speaker John Boehner, they imploded in April when, to avoid the dreaded “government shutdown” — a shutdown which, by the way, would essentially impact nobody except those on government benefits — Republicans agreed to cut a mere $38 billion from the 2010 baseline budget and keep funding to Planned Parenthood flowing. As it turned out, that $38 billion wasn’t $38 billion at all but actually $352 million.

Then, in July, Republicans caved again. This time, they agreed to raise the debt ceiling so that Obama could continue his Mary Kate and Ashley Olson style spending spree, complete with Rodeo Drive montage. What did they get in return? A big, heaping bowl of nothing: A promised $2.2 trillion in cuts over the next 10 years that actually amounts to a cut of $7 billion in 2012 budget authority and baseline cuts that actually allow Obama’s plans to move forward. And, to top that off, Obama got to push the debt crisis down the road past the election so that he wouldn’t have to discuss his shopaholic problem until after his re-election. Oh, yes, we were also downgraded, to boot, on our national credit by Standard & Poors. So that worked out well.

The Republican Party has responded to all of this chicken-heartedness by feting Boehner as a great leader and proposing that conservatives nominate one Mitt Romney, former governor of Massachusetts. Romney is clearly to the GOPs liking — he fits the profile of the tough-talking scalpel-wielder and the in-office wimp. And we’ve been told that he’s inevitable, like death and taxes. Meanwhile, Iowa Republicans, in the apparent grip of rabies, are now considering nominating Congressman Ron Paul, who is a real scalpel-wielder on domestic policy but has his cannon fixed on self-slaughter on the foreign front.

To no one’s surprise, with the GOP offering a contrast like this, many Americans are content to settle for the real thing: a second Obama term. Despite a list of scandals that would have sunk any Republican president, despite leading America to the worst economic performance since Franklin Delano Roosevelt, despite crippling American influence in the Middle East for the next two generations, Obama rides high with a 44 percent approval rating. All he needs is to split the independent vote evenly to win re-election.

So what will 2012 be like? It depends on whether Americans are willing to punch back — not just at Democrats but at Republicans as well. It depends on whether they are willing to tell their fellow citizens to stop leeching off of the 1 percent and start working for themselves rather than the great collective.

When Mothershead investigated Hendi’s gun after K.O.-ing him, he found that it wasn’t genuine — it was a pellet gun. The truth is that if we stand up to it, our government is armed with pellet guns, too. Let them shut down the government, other than essential services. Good riddance. Let them warn of dire economic consequences if they’re unable to send billion-dollar checks to abortion clinics. Somehow, we’ll deal with it.

If we want 2012 to be a year of freedom, we’ll have to stand up for it rather than settling for an agenda of half-freedom. Half-freedom is no freedom at all, no matter who is in office. (Ben Shapiro)