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August 29th, 2014
10:26 PM
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stupendous advocate text
Manufacturing jobs and utopian economic beliefs
Originally posted by valery_brest_by at Даешь деиндустриализацию!

I've been saying this for years and it bears repeating. Some people who accuse the other side of "wanting to live in the 1950s" are stuck there, themselves.

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obama facepalm
It's becoming clearer with each passing month (and SotU speech)
That Obama doesn't have a clue how economies operate or how jobs are created and lost.

He really seems to believe that the government is the alpha and omega when it comes to all things economic and you should be grateful for what the government allows you to take home as a salary.

It would be funny if the consequences were not so serious.

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obama just undo it
Subsidizing failure: Obama's "stimulus" is a complete failure
As has been noted in previous reports, any way you measure it, Obama's "stimulus" plan is a total failure. None of the stated objectives were met and most indicators got worse, not better, while it was being implemented and in the period since.

Since the election of 2010 Obama has followed a very Clintonesque path. We may indeed here something along the lines of "the era of big spending is over".

However, I won't hold my breath. This administration has a history of saying one thing and doing another and failing at what it does manage to do.

Aside from what the Republicans can manage to get the Democrats to agree to in the next two years our best hope is for a new administration in 2012.


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republican reality
Top Ten economic myths of the year
The top ten economic (and economy related) myths, courtesy of Business & Media Institute.

  1. GM Repayment Shows Taxpayer Bailout Worked


  2. All the Economy Needs is More Stimulus


  3. Soda is Like Cocaine and Ads Cause Obesity


  4. Obama the Tax Cutter


  5. The Tea Parties are Astroturf, but Green Groups Aren't.


  6. Despite Largest Budget in History, Obama is Fiscally Conservative


  7. Lack of Press Freedom in Gulf Doesn't Point to Obama


  8. Nearly 10 Percent Unemployment Isn't So Bad


  9. ClimateGate? What ClimateGate?


  10. The Chamber of Commerce is Taking "Secret Foreign Money" for Election


Personally, I'd put "Obama the tax cutter" at the top of the list for economic myths. Someone who campaigns against tax cuts, implements and proposes policies that contain explicit or implicit taxes in the billions and then sends a token tax credit aimed at Democrat voters is not a "tax cutter".

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right vs wrong
Big win for Republicans on taxes!
President Obama acknowledges the reality of the huge Republican wins in November and not only endorses an extension of the Bush tax cuts but also approves the Republican move to cut payroll taxes by 2%. (And if you remember a payroll tax cut was what I endorsed years ago.)

This is a promising start but Republicans have to remember that they will be judged primarily on two things: deficit reduction and economic performance. If they can't deliver substantial deficit reduction then the next election will be another round of getting rid of incumbent politicians.


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jambi
Recession over!
Government sponsored researchers proclaimed that the recession ended...last year.

That's right, you've been un(der)employed for the past year for no good reason! Don't you feel silly?!

The researchers showed a chart with a huge upswing in the economy soon after Obama took office in 2009.

"We got our data models from our friends over at the IPCC," said the economists at NBER. "We were talking about our need for specific type of chart and they said 'hey, we've got one of those!' and that was that."

Democrats were quick to trumpet the good news, stating that "anyone who still claims to be suffering from this 'alleged' recession is obviously a bigoted racist teabagger who hates the fact that a black man is President."

When asked why all the indicators the NBER used to claim a recession had started in December of 2007 are worse now in an alleged recovery than they were back in 2007 the NBER spokesperson stated "we are aware that there are economic deniers out there who think the Earth is flat. Our updated data sampling estimates for the previous eight years will clearly demonstrate that any poor economic performances were all Bush's fault and everything is better now since Obama is President."

When asked why estimates will be used when they have real data that could be used the spokesperson replied, "shut up".

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stupendous advocate text
This is Obama's America
Obama's America: 10% unemployment and 14% poverty.

Are you happy now? How's that hope and change working out for you?

If you think "it's Bush's fault!" why was unemployment half it's current level and poverty lower during his administration? Why were millions of jobs created while Republicans held Congress but an economic crisis occurs within a year of Democrats taking over?

Bush Administration economic policy: Tax cuts and free trade: growth, increasing employment, rising tax revenues.

Obama Administration economic policy: Tax hikes, socialized medicine and criminalizing capitalism: rising unemployment, rising poverty and lower tax revenues. Massive new levels of spending, far outstripping anything done by the Bush administration.

Spending was too high during the Bush administration, as Republicans noted time and time again with opposition to things like No Child Left Behind and Medicare Part D. However, the deficit was both mild and declining.

Liberals who claim to have been outraged by Bush's spending hypocritically call for even more deficit spending under Obama. Deficits are near record levels and climbing.

Obamavilles are sprouting up across he land as high unemployment, rising poverty and attacks on capitalism make finding a job increasingly difficult.

This is Obama's America. Do you want to keep living like this?

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obama dissent
Why is President Obama picking on John Boehner?
Not many people know who John Boehner is, even here in his home state of Ohio.

So why is President Obama picking on him?

Well, I could take the cheap, easy route and say it's because Obama's a racist and John Boehner is a white man, but I'll save that for my next shot at the white-only anchors at MSNBC.

Instead I will point out that Obama isn't attacking something John Boehner has said that he thinks is wrong but rather he's attacking something John Boehner hasn't said at all. President Obama first states that John Boehner is only offering "fear" and then claims that John Boehner has "nothing new" to offer.

Funny thing about that...John Boehner is proposing spending and tax freezes at the 2008 level until the deficit is brought back under control. That's both a new proposal and about as boring as you can get. Where's the fear in spending and tax freezes? Talk about yawn inducing!

"We're going to freeze spending and tax rates! There will be no changes for the next couple of years!"

Zzzzzz.

Added bonus: dozens of political "pundits" would have to find honest work. ;)

So, President Obama, next time you want to falsely accuse John Boehner of offering only "fear" and "nothing new" don't try it in Ohio. Not only are we the only ones likely to know John Boehner but we also know boring when we see it. This is, as I noted, Ohio. They don't call it the "sleepy state" for nothing. (Okay, no one calls it that, but they should!)

So pack up your traveling snake-oil carnival and take it to somewhere you might be able to pull off your smoke and mirrors attempt to distract people away from the disaster you've made of the economy.

Hint: Inside the beltway sounds like the perfect place to find the most suckers.

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obama dissent
Obama to Americans: "you are racists!"
He also blames the recession on America's racism and he's telling on us to the United Nations.
It describes how the United States discriminates against the disabled, homosexuals, women, Native Americans, blacks, Hispanics and those who don't speak English. There is the expected pandering to Muslims, noting that the government is committed to "challenge misperceptions and discriminatory stereotypes, to prevent acts of vandalism and to combat hate crimes," offenses that the American people evidently keep committing. And the current economic woes are blamed on the housing crisis, which itself was the result of "discriminatory lending practices." The implication is that if Americans had only been less racist, they would be enjoying prosperity today.

Seriously?

As if anyone needed any more data points to realize what Obama's true intentions and goals are for this country.

Update: Text of the report.

Remember the New Black Panther voter intimidation incident? Amazingly the Obama administration is declaring its (non) handling of that event as a triumph for human rights:
In recent months, the Department of Justice has worked to strengthen enforcement of federal voting rights laws. The Department recently obtained consent decrees against some jurisdictions and concluded a settlement with another....


The new health care system butters your bread and sweeps away crumbs, too:
Our recent health care reform bill also lowers costs and offers greater choices for women, and ends insurance company discrimination against them.

Interesting that the "lowers costs" claim has been walked back in public, eh? And speaking of "discrimination" based on gender, does that mean women will have to pay more for health insurance because they live longer and give birth? Somehow I think gender "discrimination" is a one-way street there.

Here's where Obama blames the recession on discrimination in lending:
Following the recent economic crisis, the issue of predatory lending, and particularly discriminatory lending, is an area of enforcement focus. The recession in the United States was fueled largely by a housing crisis, which coincided with some discriminatory lending practices.

So the policies that helped cause the recession are evidence of discrimination? What? Funny how economic and financial conditions are suddenly evidence of racism. But then again we are talking about people who think tax cuts are racially discriminatory and evidence of support for the KKK.

The Obama administration attempts to portray the Arizona law enforcing federal immigration laws as a violation of human rights:
A recent Arizona law, S.B. 1070, has generated significant attention and debate at home and around the world. The issue is being addressed in a court action that argues that the federal government has the authority to set and enforce immigration law. That action is ongoing; parts of the law are currently enjoined.

Wouldn't that make the federal laws in question a violation of human rights as well? Oh wait, I forgot, the gist of this report is that America is a hateful, racist nation. My mistake.

It's amusing that whenever the Obama administration wants to cite advances in civil rights it either points to laws deemed to be supported by Democrats (the mid-1960s laws) and simply fails to mention either Republican support (those mid-1960s laws) or the fact that Republicans pushed through civil rights laws and amendments to the Constitution over Democrat objections. (Not to mention the decades of roadblocks Democrats enacted in an attempt to get around those same laws.)


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obama one big ass mistake America
It's all about credibility
When it comes to credibility the Obama administration is seriously lacking when it comes to the economy.

After a series of vacillating (and contradictory) statements on what his policies have and haven't done for the economy even the administration's paltry job creation numbers have proven to be as ethereal as Obama's plans for the Middle East.
The government's first accounting of jobs tied to the $787 billion stimulus program claimed more than 30,000 positions paid for with recovery money. But that figure is overstated by least 5,000 jobs, according to an Associated Press review of a sample of stimulus contracts.

The AP review found some counts were more than 10 times as high as the actual number of jobs; some jobs credited to the stimulus program were counted two and sometimes more than four times; and other jobs were credited to stimulus spending when none was produced.

Of course I've been saying all along that the administration is just making up numbers. That's what they have to do because nothing in the stimulus bills can be verified as a job creation process. Like a lot of liberals the administration believes its own talking points about people being unable to create jobs on their own and only government spending and policies enable job creation.

Painfully for America the administration will be slow to give up such notions. It's too bad that tax cuts are considered "Republican" ideas because that is exactly what is needed right now. And it wouldn't take $3 trillion worth of tax cuts to stimulate the economy, either.

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deficits
Why the dollar continues to fall
No one (outside of the MSM) believes the Obama administration stories that the end of the recession is "just around the corner".

In fact, the conflicting messages coming out of Washington over spending, what to "stimulate", whether jobs are being created (or "saved") and a continued backing of growth-killing tax hikes is demonstrating to the world that the administration doesn't know which way is up.

So unprecedented spending plus a lack of confidence in the administration's ability to do anything (effective) when it comes to the economy adds up to a plunging dollar.

But you have to expect that to happens when you elect people (like those in the Obama administration) who think a crisis in a way to get what you want by scaring people into going along with your ideas. Extending the crisis through policy decisions becomes attractive to those kinds of people!

I can't wait for the next two years. We will keep hearing that the "stimulus" has already worked and thus we should be happy we spent all that money but also that things are worse than anyone knew and its Bush's fault that that we're in this mess so Obama can't be blamed for wanting higher taxes.

Welcome to "change"! It is what you had hoped for? Nobody knew that what Obama really meant was that the dollar would only be worth "change" after he was elected!

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republican reality
A little more reality for Obama & Co
This picture is worth about 3 trillion dollars words.
Click to enlarge

Economic recovery: you're doing it wrong!

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deficits
Unemployment rises to 9.7%
Job losses in previous months also revised to reflect greater than expected losses. Overall almost 400,000 more people reported being unemployed during the month than in the previous month. The Obama administration tells the public to ignore the little man behind the curtain.


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republican reality
Biden claims stimulus which won't help until next year has already exceeded expectations
Yes, you read that right. Vice President Joe Biden is claiming that the stimulus has created a whopping 140,000 jobs and is doing more "than we hoped".

Talk about being out of touch with reality! Biden did not explain how the stimulus was doing more even though the economy is much worse than the Obama administration had predicted it would be if the stimulus bill passed.

Even more disconnected is the brewing claim from the Obama administration that passing a multi-trillion dollar health care spending bill will improve the economy (or that not passing it will make the economy worse).

And we're still waiting for liberal economists to explain why a debt situation at least twice as bad as that during the Bush years (even after adjusting for inflation) is not a problem while the debt situation during the Bush years was labeled a calamity by those same economists.

The American people know snake oil when they see it! The Obamanation spend-all cure-all proposal is being seen for what it really is: a sub-prime offering that will bankrupt the country.

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obama money
The sub-prime government
More evidence that the Obama administration and Democrat controlled Congress are trying to spend unsustainable amounts of money.

You can tell the left knows this by the bad lies they tell about it.

And if you needed any more evidence there are always shockingly smart people telling you the same thing or that it's even worse:

As in $14 trillion instead of $9 trillion.

The left always relies on you, the overburdened taxpayer, to bail them out of fiscal trouble. So what happens to the nation when they spend so much money even taxing you, your children and your children's children isn't enough?

I suppose there are worse things than being foreclosed on by China, Canada, Russia, Great Britain, et al. Do you think they'll give us some consideration for all those forgiven loans from the WWII era?

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stupendous advocate text
The stimulus that isn't supposed to work until next year has already saved us!
A couple of months ago, when the recession kept going from bad to worse the Obama administration and its useful fools all repeated the same talking points: the stimulus wasn't supposed to deliver a recovery until next year, so you can't blame Democrats!

Then, this month, when things seem to be getting better those same people declared the stimulus to be a proven savior of the economy.

Except that there's no evidence to support either position! Remember, the first position was allegedly backed up by numbers showing that little of the stimulus money had actually been spent. (This, of course, was part of the plan. Get approval for trillions in spending, then spend it any way you wish as the situation changes.)

Now that numbers are a little better (we're still worse off than we were at any time since the Great Depression in some ways) it is precisely that tiny amount of spending that is allegedly the reason why things are (perhaps) getting better.

So...which one is it, guys? Recall that Paul Krugman (I know, I know) kept crying that the stimulus was "too small" because the government should be sucking up twice the amount of taxes they currently are, so keep spending until taxes that high are necessary to pay it off. Oh, and jobs will magically be created along the way. But now that a mere $70 billion has been spent and "credited" with "saving or creating" a million jobs (I know, I know) it appears that Krugman levels of spending are not necessary.

The answer is of course: it's both ways! Huge levels of spending by the government are both necessary and reasonable and will take a lot of time to work into the economy—but any improvement along the way is entirely a result of all of this planned spending. You would be silly to suggest otherwise!

In the mean time, don't let the lack of data or even a consistent economy theory get you down. Like global warming, this is an issue you should just have faith in. You know, like health care!

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obama one big ass mistake America
More about those millions and millions of jobs saved...or lost...or something
A visual to go along with the chart of Obama's tragic mistake, aka "the stimulus".



Like we said months ago, the best thing to do was let the (kind of) free market run its course. Any stimulus should have gone directly to taxpayers via tax cuts.

When will liberals learn?

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republican reality
Living in reality
So liberals don't have to.



Don't hold your breath waiting for liberals to explain why Obama's policies aren't working. They'll just claim (again) that they are and that you should shut up.

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us flag
Oops, that Obama "magic" is apparently delayed
The economy was just as bad in the first quarter of this year as it was in the last quarter of last year. (Which of course means that fiscal year 2009—which runs from last three months of 2008 through September of 2009—is going to be very bad.)

Wasn't Obama supposed to magically change all that? Weren't things "already getting better" because he was elected took office had 100 days under his belt uh...well...uh...Bush bad! Bush bad! :P

Obama reiterated his intent to destroy the banking industry during his 100 day speech. I hope no one is surprised when he nationalizes them or forces them into non-profit status. Apparently in the Obamanation it is morally wrong to make money when you lend money to other people. Hmmm...where have I heard that before?

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stupendous advocate text
Can we vote Timothy Geithner off the island now?
Holy cow, has anyone ever displayed such an inability to do the job they were hired for, ever?

Geithner has to be in the top 10 for that list.

For him to even appear to be in favor of a currency that makes the dollar subservient is unbelievable. I can't think of a quicker way to cause a run on the dollar—short of declaring our intent to use hyperinflation to counter Obama's massive deficits.

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