Quote of the Day
“For a century or so, guided by brilliant private sector leadership, California was a beacon to the world, a land of opportunity such as never had existed in human history. Unimaginable wealth was created. Yet it required only 40 years of liberal governance to bring the whole thing crashing down. Today, California is the most spectacular failure of our time. Its government is broke. Productive citizens have been fleeing for some years now, selling their homes at inflated prices (until recently) and moving to Colorado, Arizona, Texas and even Minnesota, like one of my neighbors. The results of California’s improvident liberalism have been tragically easy to predict: absurd public sector wage and benefit packages, a declining tax base, surging welfare enrollment, falling economic production, ever-increasing deficits. Soon, California politicians will be looking to less glamorous states for bailout money. Things have now devolved to the point where California leads the nation in poverty.”
Quote of the Day
Filed under: economy, Obama Economy, Our Dear Leader, Politics
“…nobody’s worried about being overrun by Mexicans anymore, because what Obama’s doing to the U.S. economy will do more to stanch immigration from Mexico than any border fence.”
Congratulations moonbats
Filed under: Barking Moonbats, Obama Economy, Our Dear Leader, Politics
Congratulations moonbats. You managed to get your socialist leader reelected despite 7.9% unemployment (which is only that low because the active workforce measured by the feds has shrunk dramatically during our Dear Leader‘s first term), record long term unemployment, and anemic economic growth (a 2% GDP growth rate has been the growth ceiling and GDP growth rate has consistently been lower than the inflation rate).
I won’t go into how Obama managed to drag out a win against someone with an actual record of success. Plenty of posts out there covering that subject.
Let’s just look at the affect of the news of a second Obama term has had and will most likely have.
First there is the Wall Street reaction. Remember that Barry was the Wall Street Golden Boy back in 08, receiving record high donations from the Big Money folks. The day after the election results were known, the DOW dropped over 300 points and has shown no signs of recovery.
Now the democrat operatives with press credentials will try to tell you that the stock market plunge had nothing to do with the election results, and is purely a reaction to the looming “fiscal cliff.” Yes, they really do think you are that stupid. The on coming “fiscal cliff” has been known about for months. If it really didn’t matter who was going to occupy the White House come January 20, 2013, the market would have tanked prior to the election. Instead, while there was still a chance that someone who understands actual economic reality and was not addicted to Keynesian fantasy, would win on November 6, 2012, the market chugged along fine, maintaining a DOW of about 13000. Ignoring the timing of the 300+ point drop would be like ignoring the Simpson DNA. It requires believing in ideology more than the objective evidence of actual facts.
Besides watching the value of your 401K drop (OK, there are a lot of moonbats who don’t have a retirement plan other than depending on the government, but there are some who actually participate in the economy in ways other than being a leech), you may have noticed the round of layoff announcements that started cropping up on November 7, 2012. Boeing being one of the larger ones. Don’t worry kids, plenty more of those on the way. While there will be plenty of white collar layoffs, there is plenty of pain in store for those part time workers at the lower end of the economic scale. Even if a company that employs large numbers of part time employees can actually stay in business given the crippling costs of Obamacare, they will almost certainly capping the number of hours a single employee can work. They have to do that in order to avoid being penalized even more by the job killing, economy crippling, federal nightmare known as Obamacare. Why do you think all those Unions, which supported our Dear Leader, asked for and received exemptions from have to be subject to Obamacare?
Short term, unemployment is going to kick back up over 8% and will continue to rise (unless the fed reduces the size of the workforce they count even more drastically than they already have). For the next two years, 8% unemployment (with the U6 rating being in the 14%-16% range) will be the best you can hope for. The odds of GDP growth rate breaking though a 2% ceiling also run slim to none.
As a wise man cautioned me in my youth, “Be careful of what you wish for. You may get it.” Well moonbats, you got your wish of a socialist utopia. Welcome to it.
Oh ya, the only thing that could possibly make our Dear Leader‘s economic policies look good will be the results of his foreign policy. That is a topic for another day, though.
Video of the Day: Obamacin Side Effects
Quote of the Day
“He’s all jacket and no bombers”
— Mark Steyn on Barack Hussein Obama
Quote of the Day
Filed under: Media Bias, Our Dear Leader, Politics, Video
Former democrat party pollster and analyst Pat Caddell brings us today’s Quote of the Day:
“I am appalled right now. This White House, this president, this vice president, the secretary of state, all of them are willing apparently to dishonor themselves and this country for the cheap prospect of getting reelected, willing to cover up and lie, and the worst thing is, the very people who are supposed to protect the American people and the truth, the leading mainstream media, they have become a threat, a fundamental threat to American democracy and the enemies of the American people.”
Let’s go to the video replay…
Video of the Day: How Obama supporters really feel about his policies
Filed under: Barking Moonbats, Our Dear Leader, Politics, Video
Yup, this is how they really feel about our Dear Leader‘s policies when his name isn’t attached to them.
The level of intellectual engagement of Obama supporters should not come as a surprise to anyone who has been paying attention.
Obama lets the truth slip from his lips…
Filed under: Media Bias, Obamaspeak, Our Dear Leader, Politics
This is why our Dear Leader shouldn’t be let out without his teleprompter…
Yup. Of course you know if any Republican said that, every major “mainstream” media outlet would be leading with this.
Since it wasn’t, expect to hear crickets instead of any left leaning DNC operative with byline cover this.
The ignorance of Obama voters brought to light once more
Filed under: Barking Moonbats, Our Dear Leader, Politics, Video
This video was shot at an Obama rally at Ohio State. These supporters of our Dear Leader and his failed polices are utterly clueless about an Islamofascist terrorist attack that resulted in four murdered Americans, including an Ambassador.
Color me not surprised by this. Facts and reality have never been a strong point of the far left extremists.
Bill Clinton has a moment of honesty about Obama
I’m not surprised by this. Our Dear Leader has been less than honorable with both Bill & Hillary over the years. While Bill is one of the those people who feel that political enemies are people you can talk into being on your side, you can only greet him with a sharp kick to the groin so many times before he turns that charm and charisma against you.
Bill, unlike Barack Hussein Obama, is really pretty smart. He can see past the ideology and read the poll numbers. Barry is hitting the point where he can’t pull out of the nose dive toward defeat, so Bill has no political reason to support him anymore.
After the election, it is Bill Clinton who will be the senior statesman in the democrat party, not Barry.