Forward to The Failed Past

Michael Ramirez Cartoon

IBD:We’re told Friday’s jobs report is evidence of slow and steady progress. But it actually documents the new normal of Obama’s economy — anemic job growth, chronic long-term unemployment and falling wages.

Given how long the economy has been underperforming, even the smallest bit of good news is welcome. But the latest jobs report offers little of even that.

The 155,000 new jobs created in December weren’t enough to make a dent in unemployment. And at this pace, it will take more than two years just to reach the previous jobs peak set back in January 2008.

And while the unemployment rate of 7.8% appears to be the same as when Obama took office, it obscures the fact that millions have given up looking for jobs and so aren’t being counted as unemployed.

If you account for the unprecedented drop in labor participation under Obama, the real unemployment rate is 10.7%.

Meanwhile, the pool of long-term unemployed was a staggering 4.8 million in December, which is 2 million more than when Obama took office. The average length of unemployment was 38 months — almost 20 months longer than four years ago and 15 months longer than when the recession ended in June 2009.

And, despite Obama’s endless talk about growing the economy from the bottom up, the nation’s workers aren’t seeing slow, steady progress when it comes to household income.

In fact, real average weekly earnings have dropped about 1% over the past two years, according to the Bureau of Labor Statistics. And median household income is down 7% since January 2009, according to Sentier Research.

In the face of this ongoing calamity, we get various and changing excuses about “head winds,” or the lingering effects of the Bush recession, or the uncertainty caused by the fiscal cliff. Or we’re told we just need to lower our expectations for growth.

And what does Obama do?

He forced a tax hike through Congress that his own favorite economists say will slow growth and cost jobs. He’s continued to push forward on ObamaCare, despite the fact that it’s scaring employers away from adding new jobs out of fear of getting hit with exorbitant new costs. He’s taken the leash off the EPA to wreak havoc on industries with massively expensive, and entirely unnecessary new regulations. He’s offered no real plans to get the nation’s debt under control.

And he claims he can make up for all this economic drag with a new round of federal spending on roads.

We want the economy to grow and America to prosper as much as anyone. But it’s hard to see much of that in the near future given the economic poison Obama keeps prescribing.

Kind of like A caretaker who feeds you arsenic every day and expects you to be an Olympic athlete by Noon and then goes on TV to take credit for the medal you haven’t won yet.

While the U.S. punishes millionaires, Russia and China reward them. In the upside-down era of Barack Obama, the capitalists act like communists and the communists act like capitalists.

Our multimillionaire president frowns on “millionaires and billionaires” and soaks them with higher taxes. But Russia loves them and even offers refugees of high-tax countries asylum.

Last week, the Kremlin, once headquarters of the Evil Empire, granted millionaire French actor Gerard Depardieu Russian citizenship so he can avail himself of Russia’s 13% flat tax and avoid his home country’s proposed new 75% supertax on millionaires.

Depardieu has been looking for a new home after telling France’s newly elected socialist prime minister that he would surrender his passport and French social security card in protest of the tax.

Moscow hopes its lower tax rate will attract a “massive migration of rich Europeans to Russia.” Russia already ranks seventh in millionaires worth more than $30 million. And Deloitte expects the number of Russian millionaires to triple to 1.2 million by 2020. (America, by comparison, has 5.2 million millionaires.)

Take note, Mr. President: Russia’s flat-tax miracle has helped bring its budget back into balance. Its revenues from income taxes have more than doubled since the single, low tax rate was instated.

Communist China, which now runs a socialist market economy, also welcomes millionaires. And it’s been creating record numbers of them since reducing its tax burden. There are now 1.1 million millionaires in China — a national record — and 63,500 multimillionaires and billionaires.

Since abolishing its agriculture tax and slashing its tax on small businesses by 50%, China has enjoyed the world’s biggest gains in the number of rich (though granted, coming off a low base). The vast majority of millionaires in China are business owners, who are taking advantage of the government’s recent market reforms and pro-business tax incentives.

As part of its post-crisis economic stimulus package, Beijing is reforming its VAT tax, which would cut corporate taxes as well. And just two months ago, it launched a new round of tax-cutting measures that will help more than 900,000 companies throughout China.

Meanwhile, back in formerly supercapitalistic America, our leaders have agreed to jack up taxes on small businesses. Obama’s new fiscal-cliff tax hike on individual filers earning $400,000 or more in income will hit more than 750,000 small-business owners. They account for more than 56% of all income from such firms and employ tens of millions of workers, both of which will be hurt by the higher rate.

Yet Obama says “there is still more to do” to make sure “the wealthiest Americans pay their fair share.” He vows to make “our tax code more progressive than it’s been in decades.”

Funny how the Russians and Chinese figured out that class-warfare ideology doesn’t work and is in fact, a recipe for failure. Funny how communists know that lower taxes grow the economy and keep you competitive.

As our president mau-maus the rich to “pay their fair share” to help fund his massive social programs, America, like Europe, risks losing a fair share of its wealth and power to communist superpowers that have rethought and reformed their command-and-control economies.

Obama thinks he’s taking the nation “Forward!” But he’s really taking it back to the failed past.

But ideological adamantium will prevent him from seeing any of this.
This is what the under informed, mal-informed, and the don’t-wanna-be informed voted for.
Political Cartoons by Lisa Benson

 

What’s In it for Me?

Political Cartoons by Bob Gorrell

The American People have spoken.

I want to congratulate the forces of Ignorance, Fear & Envy they have won the day.

The people aren’t concerned about the wolf at the door unless he has candy or someone elses hard earned money to give them as a “free treat”.

Eat the Rich!, the say when the wolf reveals himself.

And a Liberal Socialist Supreme Court that will destroy the US Constitution once and for all is a virtually certainty.

But hey, I got my “free” stuff!! And no evil white guy is going to take it away from me!

It’s MINE!  All Mine!  hehehehehheheheheehehe…..

Nobody Expect the Obama Inquisition!

Amongst our weaponry are such diverse elements as fear, surprise, ruthless efficiency, an almost fanatical devotion to THE ONE , and nice  “truths”—oh damn! 🙂

Prince of Darkness, and Apprentice Lord of the Sith, Harry Reid: ‘We know what the problems are with this fiscal problem. We just need some revenue,’” Reid said. “That was the issue. The mandate was look at all the exit polls, look at all the polling, the vast majority of the American people, rich, poor, everybody agrees that the rich — richest of the rich have to help a little bit.”

So bend over, here comes your reward America! 🙂
Political Cartoons by Chuck Asay

And don’t forget about your “friendly” HHS/IRS Jackboot. They will be watching you!!! 🙂
Are you happy Now? 🙂

Thomas Purcell:  Our nation has now slipped into the twilight of its years from the sunlight of its heyday, and while many are asking themselves this morning “How did this happen”, an even larger chunk of people are licking their Cheetos stained fingers, turning on the Kardashians and asking, “Gee what will I get for Christmas?”

At least that was the evidence presented to any rational adult by the re-election of King Obama I to another four years on the throne.

With the House still firmly in the hands of the GOP who have been labeled as woman hating corporate thieves, and the Senate now weakened by 2 more years of internal strife and struggle with the right wing, the power of the Presidency is now stronger than ever, and firmly in the hands of a leftist who uses the Constitution as a guideline rather than as the rule of law.

The impotent Congress will now be in no position to argue when Obama issues executive order after executive order in the coming months which will be merely be a further consolidation of power masked under the guise of saving us from a do-nothing Congress.

People often use the expression “how could this happen?” when things go horribly wrong, or the old standby “why me?”, and blame the world around them for all perceived injustices that are perpetrated on their persons.  Yet, they never look to the answer that any rational adult observing from the outside would offer them—namely to suggest that they should look in the mirror and examine their own lives a bit more carefully, as well as their voting record.

Assuming they vote of course. According to the math, the majority of Americans didn’t even vote in the last 2 elections. Even less will now vote as they grow disenfranchised and dissatisfied with the specter of a government that watches our every move and waiting for a mistake to cash in on.

So pardon me if I don’t weep too much for the fate that is about to befall them and the predicament their children will eventually be placed in. As the role and power of the Presidency grows, liberty will shrink and American lives will continually become more directed by an unfeeling and arbitrary bureaucracy. Compartmentalized and like a horse with blinders on, people will continue to vote for more government to solve their own problems and fulfill their own shallow needs without regard to the larger implications of a nation that is financially and morally bankrupt.

Many will blame Obama for this change to a statist government; others still will blame Romney or the political parties. Pseudo intellectuals will point out the finer details of campaign finance issues, the wool scarf wearing occupy Wall Street crowd will blame corporate greed. In the end, all of it is merely a load of pasture patties wafting on the wind. Obama is merely the symptom to a much large problem of rampant self interest and fueled by a desire to be famous and pretty rather than free.

The blame falls squarely on the shoulders of everyone who wakes up in the morning and puts on a pair of pants and turns on the TV and is more concerned about their own petty little needs rather than the larger question of direction of society and the role of government in everyone’s lives.

People will line up for their free pills, their subsidized housing, education and automobiles, and their government sponsored health care and wonder why they have no money in their pockets. The elderly of previous generations will pass into the night and turn over their enormous wealth to the next generation not realizing that it has already been spent, with government confiscating more and more in the name of ‘fairness’ .
It is not the end of America despite what pundits are saying, it is a worse fate. Like a lame horse stumbling around the track while the audience gasps in horror, America will become a modern day Portugal, a nation of wandering sailors who drink lots of spirits and talk fondly of the ‘good old days’ when they ran the world.
People will exclaim ‘we will become another Greece’. If only we were that lucky to have society collapse. At least then we would have a chance to rebuild, instead of living in a perpetual coma from a botched lobotomy,  like Ken Kesey’s Randall McMurphy, a symbol to all that would cross the American government, which is now a modern day Nurse Ratched.

As for me, I will remain to the bitter end and circling the wagons to defend what is left as best I can to try and preserve what I can of that golden time when men walked free in the sunlight, instead of basking in the glow of a solar panel powered utopic promise that is merely a roof over a tin shack run by our government slumlords.

AMEN!

Political Cartoons by Jerry Holbert

Political Cartoons by Lisa Benson

Political Cartoons by Glenn McCoy
Political Cartoons by Jerry Holbert

Known and Unknown

Thomas Sowell: When Donald Rumsfeld was Secretary of Defense, he coined some phrases about knowledge that apply far beyond military matters. Secretary Rumsfeld pointed out that there are some things that we know that we know. He called those “known knowns.” We may, for example, know how many aircraft carriers some other country has. We may also know that they have troops and tanks, without knowing how many. In Rumsfeld’s phrase, that would be an “unknown known” — a gap in our knowledge that we at least know exists. Finally, there are things we don’t even know exist, much less anything about them. These are “unknown unknowns” — and they are the most dangerous. We had no clue, for example, when dawn broke on September 11, 2001, that somebody was going to fly two commercial airliners into the World Trade Center that day. There are similar kinds of gaps in our knowledge in the economy. Unfortunately, our own government creates uncertainties that can paralyze the economy, especially when these uncertainties take the form of “unknown unknowns.” The short-run quick fixes that seem so attractive to so many politicians, and to many in the media, create many unknowns that make investors reluctant to invest and employers reluctant to employ. Politicians may only look as far ahead as the next election, but investors have to look ahead for as many years as it will take for their investments to start bringing in some money. The net result is that both our financial institutions and our businesses have had record amounts of cash sitting idle while millions of people can’t find jobs. Ordinarily these institutions make money by investing money and hiring workers. Why not now? Because numerous and unpredictable government interventions create many unknowns, including “unknown unknowns.” The quick fix that got both Democrats and Republicans off the hook with a temporary bipartisan tax compromise, several months ago, leaves investors uncertain as to what the tax rate will be when any money they invest today starts bringing in a return in another two or three or ten years. It is known that there will be taxes but nobody knows what the tax rate will be then. Some investors can send their investment money to foreign countries, where the tax rate is already known, is often lower than the tax rate in the United States and — perhaps even more important — is not some temporary, quick-fix compromise that is going to expire before their investments start earning a return.

Although more foreign investments were coming into the United States, a few years ago, than there were American investments going to foreign countries, today it is just the reverse. American investors are sending more of their money out of the country than foreign investors are sending here.

Since 2009, according to the Wall Street Journal, “the U.S. has lost more than $200 billion in investment capital.” They add: “That is the equivalent of about two million jobs that don’t exist on these shores and are now located in places like China, Germany and India.”

President Obama’s rhetoric deplores such “outsourcing,” but his administration’s policies make outsourcing an ever more attractive alternative to investing in the United States and creating American jobs.

Blithely piling onto American businesses both known costs like more taxes and unknowable costs — such as the massive ObamaCare mandates that are still evolving — provides more incentives for investors to send their money elsewhere to escape the hassles.

Hardly a month goes by without this administration coming up with a new anti-business policy — whether directed against Boeing, banks or other private enterprises. Neither investors nor employers can know when the next one is coming or what it will be. These are unknown unknowns.

Such anti-business policies would just be business’ problem, except that it is businesses that create jobs.

The biggest losers from creating an adverse business climate may not be businesses themselves — especially not big businesses, which can readily invest more of their money overseas. The biggest losers are likely to be working people in America, who cannot just relocate to Europe or Asia to take the jobs created there by American multinational corporations.

But at least the Class War Fare so loved by Liberals has a target rich environment (in their minds) because any “rich” person should be bludgeoned to the point of death to make up revenues for the Liberals to spend on their Socialism.

Not to cut spending. No paying down the debt. No, never that.

And any hint of doing that get’s them riled up and scare people on Social Security that the government won’t pay them because the Republican Boogieman is coming to get you!!

And I’m still waiting for the Republicans to buckle.

The Democrats have already stepped up the Class Warfare and the Fearmongering.

So all is right with the Political World…. 😦

That is well known. 🙂

Political Cartoons by Steve Kelley

Political Cartoons by Chuck Asay

Political Cartoons by Michael Ramirez

Political Cartoons by Jerry Holbert

Political Cartoons by Chip Bok