I’ll limit this quickie post to that nasty 3-letter word: J-O-B-S. Today’s unemployment report showed that we, Unexpectedly™, added only 54,000 jobs in May and the unemployment rate shot back up to 9.1%. Backing out the 62,000 jobs added by McDonald’s leaves … a one-term president.
Additionally, coblogger emeritus Geoff pointed out that we’ve shed 430,000 full-time jobs in the last couple of months and are now back where we began the year. It’s as if the entire population of Reno cried out in terror and was suddenly silenced given a pink slip.
“…that when it comes to some Democrats and particularly the President, “high gas prices are not an unintended consequence of their policies: it is the means by which they will accomplish their goal.” Their goal is to raise the price of gasoline so that you reduce your consumption of it.”
“…high gas prices are an economy killer, so even if there is some modest increase in tax income from that tax hike in general, the drag on the economy will mean reduced taxes in other areas. Again, they are depending on you being too stupid to see through all of this.”
Can you identify what is a real federal government spending project and what isn’t?
Here is a hint, most of the real government spending programs are part of the democrat’s Porkulus program.
This small portion of Obamacare would have created an unfunded mandate that would have destroyed many small businesses.
All we need now is our Dear Leader’s signature, or every business in America will have to file a 1099 form for every business and person they do more than $600 worth of business during the year. If you have a fleet of trucks or cars, your business will have to file a 1099 on every gas station they do business with. Every mom & pop shop will have to file a 1099 for every high school kid they employ. The sheer volume of this paperwork would require businesses to hire dedicated people just to fill out and file the 1099 forms. People they would have to pay out of their profits, and would add zero benefit to their business. The cost of doing business would go up and companies operating on tight margins would be forced out of business by our Dear Leader’s ravenous thirst for new tax revenues.
If our Dear Leader doesn’t sign this bill, it is a clear sign that he values his extremist political agenda more then the American economy and the well being of the American people.
There is a very important fact that you need to remember that isn’t brought up in the MSM/DNC.
The primary job of Congress is to pass a budget. The democrats controlled both houses of Congress, and the White House, in 2010 and they failed to pass a budget.
The sole reason we are looking at a potential government shut down is that the Congressional democrats failed at their primary job, and our Dear Leader, President Barack Hussein Obama failed to provide any sort of leadership in this matter.
If a government shutdown occurs, it is because the democrats have failed the American people.
The US Tax code is a Byzantine maze that Rube Goldberg would claim is too complex. As I said before…
One of good ideas of the President’s deficit reduction panel was to drastically simplify the tax code and reduce the highest tax rate to 25%. That will reduce the 30% plus overhead of the IRS and get uber-rich democrats, like my senior Senator, to actually pay their fair share of the taxes paid by almost every other working American.
Don’t expect democrats to embrace this idea though. It goes against their core values, like waging class warfare.
Former Federal Reserve Chairman Alan Greenspan said a surge in U.S. government “activism,” including fiscal stimulus, housing subsidies and new regulations, is holding back the economic recovery.
Wait! It gets better as Mr. Greenspan puts yet another nail in the coffin of Keynesianism.
“Any withdrawal of action to allow the economy to heal could restore some, or much, of the dynamic of the pre-crisis decade, without its imbalances.”
Not that this will slow down the big governmentfanatics in our Dear Leader‘s administration.
Speaking of which, it’s time to play “Fear the Boom and Bust” again!
Charles Krauthammer points out that the “accounting” in our Dear Leader’s so-called “budget” is the type that would get an ordinary citizen thrown in jail.
Classic Obama debt reduction: Add $2 trillion in new taxes, then add $1 trillion in new spending and, presto, you’ve got $1 trillion of debt reduction. It’s the same kind of mad deficit accounting in Obamacare: It reduces debt by adding $540 billion in new spending, then adding $770 billion in new taxes. Presto: $230 billion of “debt reduction.” Bialystock & Bloom accounting.
If you’re reading this article on-line or in an email, it’s thanks to corporations. If you get some kind of paycheck, you can thank corporations. If you work for a nonprofit or the government, you still have to thank corporations. The nonprofit sector and the government wouldn’t have any money to pay you without corporations. It is also important that you understand that making a profit doesn’t equate to “greed” or exploitation. Capitalism has created the greatest society in our world’s history. Even communist countries need corporations to survive, so enjoy a nice, hot cup of reality.
“…progressives are basically old cross-dressing boomer socialist decked out in your party dress, masquerading as ‘the people’, and hold out the same old, dead, withered 100 year old hands of Marx and Engels.
Britain, France, Germany have all renounced it, and it’s no surprise that that the three biggest bankrupt U.S. states are blue – California, Illinois, and New York.
Sorry, but progressives and multiculturalism are out-dated, incompetent, and well… kinda gross.
After two years of total control by democrat-progressives, we can all see how they match up to reality, n’cest-ce pas?
A President promising efficient government triples the deficit, and blows 3 Trillion with zero result except for 10.3 percent unemployment.
