The Obama Economy Numbers

January 14, 2014 by · Leave a Comment
Filed under: economy, Obama Economy, Our Dear Leader 

It’s been five years since our Dear Leader started his “Occupy the White House Golf Tour” and four and half years since the second worst recession since the great depression ended.  Now history tells us that the deep the recession, the stronger the recovery.

So where the recovery that should have started four and half years ago?  An actual recovery would involve replacing the jobs lost and creating news one.  Instead of that, what we have under the economic guidance of our Dear Leader is over ten million people less in the workforce than we had at the start of the recession.

The U3 unemployment rate fell to 6.7% from 7%, which normally would be a good thing.  In this case, not so much.  Let’s look at the numbers.  The economy only added about 70,000 new jobs in December.  If you have been paying attention over the past four and half years, you would know that the economy needs to add 120,000 new jobs every month just to keep up with population growth.   The drop in the BLS U3 number is explained by the 520,000 people “leaving the workforce.”  A better indicator of the health of the workforce is the BLS U6 rate.  The average U6 rate during our Dear Leader‘s reign has been 13.1%.  To compare, the average U6 rate during President George W. Bush’s two terms was 9.2%.

To further highlight just how much the current administration’s policies are negatively effecting Americans, let us review the progress made on the “War on Poverty” started 50 years ago by LBJ.

[...] Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama.

 [...] Although the president often rails against income inequality in America, his policies have had little impact overall on poverty. A record 47 million Americans receive food stamps, about 13 million more than when he took office.

The poverty rate has stood at 15 percent for three consecutive years, the first time that has happened since the mid-1960s. The poverty rate in 1965 was 17.3 percent; it was 12.5 percent in 2007, before the Great Recession.

About 50 million Americans live below the poverty line, which the federal government defined in 2012 as an annual income of $23,492 for a family of four.

President Obama’s anti-poverty efforts “are basically to give more people more free stuff,” said Robert Rector, a specialist on welfare and poverty at the conservative Heritage Foundation.

That’s exactly the opposite of what Johnson said,” Mr. Rector said. “Johnson’s goal was to make people prosperous and self-sufficient.”

 So, as the nice man said, “Obama’s economic program of tax, spend, and regulate has been a dismal failure.”

Here is a graph from the Federalist, which points out that if ten million workers haven’t dropped out the workforce because the lack of economic growth, the U3 unemployment level would be almost 11%.   This is Jimmy Carter recession level territory, in what should be a robust recovery.

labor-force-dropouts-drive-lower-unemployment-rate-1-10-14

Obamacare is even more of a Charlie Fox than we thought

December 26, 2013 by · Leave a Comment
Filed under: Culture of Corruption, Our Dear Leader, Politics 

It was clear that our Dear Leader‘s signature program was a Charlie Fox of epic proportions from the start, but Team Obama seems Hell Bent to take incompetence to even higher levels than they have in the past.

Case in point, they can’t even enroll Barry Soweto or as he’s known these days, Barack Hussein Obama, into their system.

If they were just corrupt, they could have faked it, but these idiots are corrupt and incompetent!   To be fair, the system is working as well as one would expect with a corrupt community organizer with communist leanings, who never worked a real job in his entire life, running the system.

Update: Nobody’s This Stupid and Incompetent

Round Up Post

November 10, 2013 by · Leave a Comment
Filed under: Culture of Corruption, Our Dear Leader, Politics 

The IRS “refunded” over $4 Billion to identity thieves. This included checks sent to Ireland and Communist China.  This is the agency our Dear Leader wants to collect “taxes” from you for not having health care insurance he approves of.

A Virginia DMV official pleaded guilty to issuing drivers licences to over 300 illegal aliens.  Leftists will tell you that this has nothing to do with vote fraud, because there is no vote fraud, and that we have always been at war with Eastasia.

Obama’s latest Secretary of State, former Massachusetts Senator, John F. Kerry, is a conspiracy kook.

Teacher’s Union official accuses a Jewish father of being a “Neo-Nazi” for daring to question his child’s indoctrination.  Rational arguments are not just a strong point of the left.

The Democrats who voted for the debacle are now scrambling for cover.

Quote of the Day

“Get border agents killed, get ambassadors killed, oversee disastrous healthcare rollout — those people get to keep their jobs. But calling Valerie Jarrett a “vacuous cipher?” That’s a firing offense.”

Glenn Reynolds

The hypocrisy of the left knows no bounds

Kudos to CSPAN and YouTube, which brings us the words of Senate democrat “leader” Harry Reid from 2006.

Yup, Harry Reid is calling raising the federal limit to $ 9 trillion is the last thing we should do, because it will weaken the country, and hurt the economy.

Was Harry Reid telling the truth or engaging in hyper-partisan political demagoguery because there was a Republican in the White House at the time.   Given his record, if Harry Reid was telling the truth, it was purely by accident.

Monday Round Up

In the poster city for long term democrat reign, Detroit residents complain that packs of dogs terrorize citizens subjects.

The niece of “Plugs” Biden, i.e. the idiot a heartbeat from the Oval Office, is an addict and she blames Uncle Joe.

Far left extremist moonbat Nancy Pelosi, the so-called “Leader” of the House democrats, claims there is nothing left to cut from the federal budget.

First off, there hasn’t been a federal budget passed since George W. Bush was President.  Second, she’s an idiot.  Let’s start a short list of stuff and can be easily cut and will benefit the American taxpayer.

  1. The $2.2 billion Obamaphone program
  2. Supplying arms and funding to known terrorist groups in Syria
  3. The Department of Education
  4. Obamacare
  5. Fraud and Waste in the federal food stamps program
  6. Most, if not all, of the Department of Labor

The IRS really did have a ‘hit list’ that targeted conservative groups.  This can count as our Dear Leader keeping at least one of his promises.

Former Fed Chairman Alan Greenspan is no fan of Barack Hussein Obama’s Tax, Barrow, and Spend policies.

File under: There is nothing quite as intolerant and closed minded as a “tolerant and open minded liberal.”

Violent online game lets players murder NRA officials by shooting them. It’s all the rage with the peace loving left who want to take firearms from the law abiding by force.

 

Round Up Post

The New York Times company sells the Boston Globe at a massive loss.

The brand just isn’t worth what it used to be.  Could it be that alternative media has allowed sophisticated news readers a wider range than the what the narrow far left filter of the Boston Globe gave them.

Media Malpractice and the IRS Scandal, Part II

The MSM/DNC really want this to just go away, but this story has legs that just keep going on and on.

Example: Emails reveal Lois Lerner wrongfully used IRS to aid FEC in targeting conservative group in 2009

Michael Graham nails it: It’s Not That He’s Liberal, And It’s Certainly Not That He’s Black. It’s That Obama Just Really Sucks At Being President

The Obama Economy: Where’s that 5% unemployment rate Obama promised by now?

According to the famous Obama Economy chart, unemployment would be at 5.25% by now in the “worst” case of the government doing nothing.

Now we know the actual worst case scenario was the Obama economic plan!

 

 

Things our Dear Leader Does Not Want Americans Thinking About

It is a very long list, so I’m just going to hit some of the high points.

The IRS’s illegal targeting of conservative political groups is being tracked back to the Obama White House.

This is a clear violation of American’s First & Fifteenth Amendment rights that the left doesn’t care about.

The city of Detroit going bankrupt after decades of single party democrat rule.

As the nice man from Cold Fury puts it, “To achieve this level of devastation, you usually have to be invaded by a foreign power.” Hmmm…given how Obama Cultists feel about the Constitution, he may be on to something here.

The murder of an United States of American Ambassador, and three other Americans, by Islamic terrorists in Libya, and how the security lapses can be traced back to Obama’s State Department. Which was at the time under the command of Hillary Rodham Clinton.

As I pointed out several months ago: Democrat congressman Stephen Lynch on Benghazi Talking Points: ‘It Was Scrubbed … It Was False Information. There’s No Excuse For That.’ Yup, the Obama regime flat out lied the American people for the purpose of ”damage control” prior to the election. This really does call for hearings.

The murder of over three hundred Mexicans and at least one US Federal Agent by Mexican Drug Cartels using semi-automatic firearms supplied by Obama’s so-called “Justice Department” under the control of AG Eric Holder.

The Economy. Specifically, the Obama economy, also known as the worst recovery since the Great Depression. Obama’s “jobless recovery” is a recovery in name only.

Here are a few more facts about the economy that Barry & his cultists don’t want you thinking about: The current US debt is %16.87 Trillion. That works out to $148,026 per tax payer. Taxes have increased $122.8 Billion in 2013 alone. The current budget deficit is $818.5 Billion. The labor force has 10 million less eligible workers than it did right before Barry started his “Occupy the White House” golf tour in 2009. So when an leftist tries to tell you about Obama’s “job creation” record, it’s a lie. The US is in the hole for 10 million jobs under his watch. Don’t expect much improvement either. You may have missed this if you’ve been feeding at the MSM/DNC trough: Obamacare to destroy up to 1 million low-wage jobs and completely bankrupt Medicaid.

Let’s not forget some other items our Dear Leader is desperate to sweep under the rug, including gathering of phone records of the AP (part of his “most transparent administration evah!” continuing war against Whistle Blowers and Inspector Generals), and Eric Holder’s so-called “Justice Department” which won’t prosecute an open and shut case regarding the Black Panthers.

Remember, this is a short list. There are more Obama Scandals that they want to distract you from by waving the race card.

This is not a new tactic.

“Tainting the tea party movement with the charge of racism is proving to be an effective strategy for Democrats. There is no evidence that tea party adherents are any more racist than other Republicans, and indeed many other Americans. But getting them to spend their time purging their ranks and having candidates distance themselves should help Democrats win in November. Having one’s opponent rebut charges of racism is far better than discussing joblessness.”

Mary Frances Berry, former Chairwoman, US Commission on Civil Rights. Clearly she has a basic misunderstanding of the actual meaning of Civil Rights. Given that she was appointed by that idiot James Earl Carter III, this is hardly surprising. Note that she freely admits there is no factual basis for her accusation of racism. It is merely a tactic of the radical left to avoid discussion on their own failures.

Quote of Day

Setting the way back machine to 2008 for this quote from the recently elected US Senator Barack Hussein Obama:

“No one should get a free pass to violate the basic civil liberties of the American people – not the President of the United States, and not the telecommunications companies that fell in line with his warrantless surveillance program.  We have to make clear the lines that cannot be crossed.”

Ya, he was lying when he said that.  That is pretty consistent with just about everything else he has said.

Quote of the Day

“I think the IRS probe is very high the list of priorities for Obama. It’s right under congratulating the first dyslexic, transgender hockey player. He’s going to be visiting a solar panel farm run by vegans. And he will be giving a medal to a woman who treats obese rodents with hypnotherapy. Then after that maybe they’ll get to the IRS.”

Greg Gutfeld

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