Political Photo of the Day
Our Dear Leader’s Dan Quayle moment
Here we see our Dear Leader visiting the key swing state of Ohio, and not being able to correctly spell ‘Ohio.’
Before the moonbats go nuts with their conspiracy theories, zoom in on the photo and you can see the lettering on the red shirt behind him.
Not reversed, not Photoshopped, just Barack Hussein Obama being himself, unscripted and flying without a teleprompter.
Obama Economy Chart of the day
Nothing fancy, just tracking inflation and GDP for the first half of 2012 to see how our Dear Leader’s economic polices have been working out.
As you can see, what money you have left after taxes is loosing value at a faster rate than the economy has been growing.
The only positive thing about this illustration is that it shows inflation is on the decline. Which is good for you the tax paying, goods consuming citizen, and bad for our Dear Leader and his economic team. They actually want inflation to rising, not falling. Look it up, their plan was a sharp spike in inflation so they could pay off the massive government debt (currently $15.9 Trillion and rising) with money devalued by inflation. Their greatest fear is deflation, where the currency actually gains value.
The decline in GDP is a clear indication that the American people should not repeat the economic policies of Barack Hussein Obama, which has put the country in the worst economic “recovery” since the Great Depression.
Obama Economy Chart of the Day
Let us review just what this chart illustrates.
Our Dear Leader promised the American people that if his massive “porkulus” bill was passed, unemployment levels would drop much faster than if the government did absolutely nothing to try and improve the economy. A government driven unemployment rate of 5.6% was promised by July 2012, instead of the to be feared 6.0% rate of no government action.
Now to inject reality into our Dear Leader‘s “planned economy” model. The reality is that unemployment went up from 8.2% to 8.3%. The United States is 2.3% worse off than if the federal government had done nothing! According to Obama’s own metrics, his attempts to “improve” the economy has actually made things worse!
Now, one could cut the President some slack, since he has extremely limited experience with the private sector, and trusted academics with absolutely zero private sector experience for his economic advice. That is if he was willing to admit the error of his ways and come clean with the American people that he made mistakes, very large mistakes, that stole money from pockets of the American worker, and is now willing to try concepts that are new to him, but have improved the economy in past recession recoveries.
Ya, I know, that scenario just is not going to happen. Our Dear Leader and his ‘advisers’ are doubling down on their failed policies and trying to tell Americans who have seen their net worth go down while the price of food and fuel go up, that his plan is “working.”
Seriously, he is blowing so much smoke up the collective asses of America that his speeches should come with a cancer warning.
Let us review the Obama Economy once more
Filed under: Culture of Corruption, economy, Obama Economy, Our Dear Leader, Politics
We’ve take a couple of health checks of the economy under the Obama regime, and they haven’t looked good.
Let’s add this data point: the Obama administration projects $1.2T 2012 budget deficit.
Didn’t our Dear Leader promise to cut the deficit in half? Instead he is taking it to new record highs.
Here is another example of fiscal mismanagement by the Obama regime: GM (Government Motors) ramps Up Risky Subprime Auto Loans To Drive Sales.
Let’s review recent history, it was the federal government policy of forcing record numbers of subprime housing loans that lead to the last fiscal crisis. A policy formed by the so-called “Community Reinvestment Act” that was put in place and defended by the far left wing of the democrat party.
Can anyone see the subprime auto loan market turning out any better than the subprime home loan market?
History is not a friend of the left
You must have noticed this before, leftists are bad at history. Even when they are “good” with most historical items, they selectively edit history to line up with their political views. Views with tend to run at odds with reality.
An example I’ve listed before is where one leftist accused President Reagan of reinstating draft registration as part of his ‘war mongering.’ He was not happy when I pointed out that it was Jimmy Carter, the worst president of the latter half of the 20th Century, who did that.
Here is a new example, a very smart fellow, whom I know is a more than mildly serious history buff, rattled off a very clear, concise and accurate, summary of the failure of Solyndra. It was however, missing some key facts that didn’t fit his political world view.
The facts missing completely change the narrative, which is what he objects to.
The facts in question are:
- Solyndra applied for federal loans/grants during the G.W. Bush administration, which turned them down. The reason stated was that they did not have a solid business plan that showed a path to profitability, no matter how much money was dumped their way.
- After our Dear Leader, Barack Hussein Obama, occupied the White House, Solyndra reapplied, and where quickly approved as part of the Obama regime’s “Green Jobs” program.
- The CEO of Solyndra was a major “bundler” to both the DNC and Barack Hussein Obama.
In the world of the left, Solyndra failure was ‘not their fault’ and had nothing to do with Obama paying off his political donors with tax payer money.
If this was the only case of a company, which happens to be run by a big DNC/BHO donor, receiving millions of taxpayer dollars as part of BHO’s “Green Jobs” program, and then “unexpectedly” went bankrupt, I’d be willing to buy into this particular leftist fantasy. It is a leftist fantasy because there have been multiple other companies that fit this same profile.
How is the Obama Economy doing?
Based on the recent check on economic health, not too bloody good. Here are a couple of data points to add to the pile.
US poverty on track to rise to highest since 1960s
It’s just not the poor getting poorer, the rich are becoming less rich as the Obama regime sucks their money out of the private sector.
Wait! It gets worse!
According to CNBC: Earnings Show Recession May Be ‘Fast Approaching’
Just how is that Hopey Changey thing workin’ for ya?
A quick check of the economic health
Ok, we’re three and half years into the Obama Economy, let’s see where we are.
The Real unemployment rate is 14.9%
For the past three months in a row more Americans are going on disability rolls than are finding jobs.
President Barack Obama’s Jobs Council hasn’t met for six months. Clearly, job creation is not an issue our Dear Leader is very concerned about.
Expect your grocery bills to go up, since corn prices are at record highs. Next time you are at the market, take a look at what you are putting in your cart and how much of that is made with high fructose corn syrup. Don’t forget the federal regulations requiring corn based ethanol in gasoline next time you are at the gas pump.
Obama’s Energy Department is ‘Unable to Locate’ $500,000 in Equipment Bought With Stimulus Money.’ That is a half million tax payer dollars! The Energy Department didn’t earn that money, somebody else did (i.e. working Americans who pay federal taxes), and the “most transparent administration ever’ owes the American people a higher level of transparency than ” it would not be “appropriate” to release the name of stimulus-money recipient where the $500,000 worth of equipment could not be located.”
25 Out Of The Last 27 Times Retail Sales Collapsed Like This We Were In A Recession.
The Federal Post Office can’t make a payment to its retirement fund.
New unemployment claims are back up again.
Don’t worry though, President Barry says that the Private Sector is Doing Just Fine.
Oh, right, reality forced him to retract that statement.
Update: Here are a few more items.
U.S. Existing Home Sales Unexpectedly Drop To Eight-Month Low. After three and a half years of the Obama Economy, items like this shouldn’t be “unexpected.”
Factory activity contracted for a second month in a row.
Consumer confidence dipped to 84.7.
Yet all leftists want to talk about is Gov. Romney’s taxes.
Bill Whittle takes a look at Obama’s record as President
A clear example of the left letting their hate override any rational thought
Redstate nails it:
Meet Bainers, the New Birthers
The geniuses at Team Obama are showing their complete ignorance of private enterprise, the law, and the one well vetted part of Mitt Romney’s career — his tenure at Bain Capital.
It is well established that Mitt Romney left Bain to go salvage the Salt Lake City Winter Olympics. It is also well established that his name remained on some SEC documents. This stems from winding down his partnership interest in Bain Capital. It is a quirk in the law. It has been well vetted. Even FactCheck.org and the Washington Post are unpersuaded by Team Obama’s hyperbole.
Really? A felon? Hey! Let’s accuse Barack Obama of being a foreign born Muslim! There’s about the same validity to both. Meet the Bainers — they are the members of Team Obama demanding proof from Mitt Romney that he is a liar or a felon. Next they’ll ask when he stopped beating his wife.
The Bainers will not take any answer that does not show Romney to be a liar or felon…
To make it worse, this “Bainerism” is being driven by the Obama Campaign, with the consent of our Dear Leader, President Barack Hussein Obama. It highlights the fundamental dishonesty of the Obama regime, as well as their sheer desperation at this point. Why does the Obama campaign feel the need to repeatedly lie about Gov. Romney instead of running on the President’s own record?
“GET OUT” by Ryan Bomberger
Ryan Bomberger explains why we must get BHO out!