“Every business guy I know in the country is frightened of Barack Obama and the way he thinks.”
— Steve Wynn
Tags: Barack Obama, democrat, economy, incompetent, Obama economy, Politics, quote, Quote of the Day, Worst President Ever
I’ve observed leftists getting all wee-weed up over somebody on Fox News Business saying “don’t be poor.”
When did the concept of bettering yourself and improving your lot in life become an idea that sensible people would find offensive?
It is certainly better advice that the moon-bat’s deity, Barack Hussein Obama has been giving to a big chunk of his voter base, i.e. “be poor.”
Just look at the numbers. Minority unemployment is at record highs. Unemployment levels for minority teens are at levels that would be a national crisis if a Republican was in the White House. Non participation in the work force is at record high levels (currently 91 million, up from 79 million in 2008) that haven’t been seen in 40 years (yup, the economy in our so called “recovery” is at Jimmy Carter Recession levels), the number of people on food stamps have doubled since our Dear Leader took office, the average income is down, not getting laid off is the new raise, food and fuel prices have risen dramatically, and we are still stuck in the unprecedented worst economic recovery since the Great Depression. As Mr. Reynolds says, “They told me that if I voted for Mitt Romney, the rich would get richer and the poor would get poorer, and they were right!” Let’s not forget the National debt, which is at $17.5 Trillion and rising.
Historically, booming recoveries after a recession have been a bi-partisan event. Reagan, Clinton, and G.W. Bush benefited from booming recoveries that historically follow a recession. How did Barry get stuck with a non-recovery? Simple, he worked very hard to strangle that recovery in its crib. Barry is much more interested in:
1: His golf game
2: His agenda of wealth distribution
than he is in doing anything that would actually help the US economy and the average US citizen. Sorry folks, if you are in, or want to be in, or used to be in, the middle class, you just aren’t in his core demographics.
Seriously, it takes a serious partisan avoidance of reality to take that much offense at someone saying to better your lot in life through self improvement.
Tags: Barack Obama, corruption, culture of corruption, democrat, economy, incompetent, leftist hypocrisy, Obama economy, Politics, Worst President Ever
“The Obama economy is now the minimum wage economy. I think we can do better than that, I think America can do better than that.”
Tags: Barack Obama, democrat, economy, incompetent, Obama economy, Politics, quote, Quote of the Day, quotes
Once again, it’s time to look at the numbers.
As we enter the sixth year of our Dear Leader’s “Occupy the White House Golf Tour”, let us review some numbers from the past five years.
In 2008, there were 145 million Americans in the work force, 79.4 million Americans not in the labor force, and the federal debt was $9.4 Trillion.
Today, in early 2014, we have 145 million Americans in the work force, 91.8 million Americans not in the labor force and a federal debt of $17.3 Trillion.
So in five years there has not added any new Americans to the labor force, but there are 12 million more Americans who could be in the labor force who are not, and the federal debt has increased by $7.9 trillion.
So new jobs created over the past five years is zero. As you have often heard every times the new unemployment numbers come out, the US economy needs to create 120,000 jobs a month just to cover new workers entering the work force. Over five years, that comes to 7.2 Million jobs. Given that the number of Americans in the work force has remained flat, the Obama Economy has not only failed to create any new jobs, it has actively removed jobs. This is an appalling performance, especially since the last recession ending in mid 2009, so for most of the last five years, American should have been in an economic recovery. A period were traditionaly there is not just job growth, but rapid and strong job growth. That has been the pattern in every recession/recovery for the past 100 years. This includes the recession of the late 1970s, which was the worst recession since the Great Drepression and the roaring recovery that occured in the early 1980s. Why is is the Obama non-recovery from the second worst recession the sole exception to economic history?
Tags: Barack Obama, culture of corruption, democrat, economy, incompetent, Obama economy, Politics, recession, Worst President Ever, Worst Recession since the Great Depression, worst recovery since the Great Depression
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.
Tags: Barack Obama, corruption, culture of corruption, democrat, economy, incompetent, Obama economy, Politics, Worst President Ever
Let’s start with a few firearm/RKBA articles.
James Craig became the Detroit Police Chief last summer. Before that he spent decades working in the Los Angeles Police Department before becoming the Chief of Police in Portland, Maine. In LA, pretty much the only people with firearms are cops and violent criminals. The restrictive, so-called “gun control” laws haven’t really slowed down the rate criminals can obtain firearms. In Portland, Maine, firearm ownership among the law abiding is pretty common. Another difference is the violent crime rate. High in LA, low in Portland. Chief Craig’s advice for reducing crime in Detroit (which approaches Robocop levels), is more firearms in the hands of law abiding citizens. Here is one of multiple studies that back Chief Craig’s advice.
San Francisco is pretty diverse, it even has pro-Second Amendment liberal democrats. These folks are pretty far left wackos despite this one gleam of sanity in the world view. Hell, they don’t like our Dear Leader because he’s “too conservative” in their view. Probably upset he hasn’t rounded up Republicans and shipped them off to death re-education camps yet.
Here is a question that many law abiding citizens who have actually read the Constitution ask themselves, “My next AR, build or buy?”
Can’t leave the epic Charlie Fox known as Obamacare off the list. “Glitches” in the bloody website are still rampant, leaving many without coverage. Keep in mind, that in the time it took the Obama administration to build a really crappy website, America build almost 100 aircraft carriers during WWII. Plus the aircraft for the carriers, and the support vessels, and trained the crews.
For your reference when dealing with moonbats and Obama cultists, 8 Things Liberals Do to Avoid Having an Honest Debate.
Let’s wrap up with a look at how the Obama Economy is working for America. “34%: The unemployment rate for Americans ages 16-17. The unemployment rate for teenage Hispanic Americans is 48%, and the rate for teenage Black Americans is 60%.” Ya, just how is that hopey-changey thing workin’ for ya?
Tags: Barack Obama, culture of corruption, democrat, economy, incompetent, moonbat, Obama cultist, Obama economy, Politics, RKBA, Worst President Ever
“Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”
To be fair, that was what he said back in 2006, when he was a Senator from a fly over state with less than one year on the job. Perhaps he was just dangerously incompetent. On the other hand, there was a Republican in the White House back then, so perhaps he was just being the hyper-partisan political demagogue that he has proved himself to be time and time again. On the gripping hand, it probably is both.
The Washington Post had an article that brought up this quote in the context of the current debt limit debate. It said that Obama’s rhetoric then would be considered “a bit Tea Partyish” today. Spin the standard media bias out of that statement, and it is more than a “a bit.” The article also gives Obama an upside down Pinocchio for his current stance. In their rating scale, that is “A statement that represents a clear but unacknowledged “flip-flop” from a previously-held position.”
Tags: Barack Obama, democrat, economy, incompetent, leftist hypocrisy, Obama economy, Politics, quote, Quote of the Day, quotes, Worst President Ever
In the poster city for long term democrat reign, Detroit residents complain that packs of dogs terrorize citizens subjects.
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.
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.
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.
Tags: Barack Obama, corruption, culture of corruption, democrat, economy, incompetent, IRS, Joe Biden, Nancy Pelosi, Obama economy, Politics, Round Up, scandal, Worst President Ever
Today’s focus is on these numbers from a recent US Federal Census report.
A Census Bureau report released on Tuesday reveals that the typical American family now earns less than it did in 1989. In 1989, median household income was $51,681 (in current dollars). In 2012, median household income was $51,017.
Poverty levels in 2012 also climbed to 46.5 million Americans–15% of the country–from 46.2 million in 2011. As Washington Post economics writer Neil Irwin put it, “This isn’t a lost decade for economic gains for Americans. It is a lost generation.”
That’s right. This is the direction our Dear Leader is taking us. He has prosperity stuck in reverse and is determined to stay the course.
The last Recession ended in mid-2009, but we are still waiting for the recovery that typically follows the end of a recession.
Tags: Barack Obama, democrat, economy, incompetent, Obama economy, Politics, Worst President Ever
The Washington Post listed the five worst things about the recent federal jobs report. They are all pretty bad, but let’s focus on #2
2) The unemployment rate dropped for the worst reason.Unemployment dropped to 7.3 percent in August. Huzzah? Sorry, but no.
There are two reasons the unemployment rate dropped. One is that people get jobs. Huzzah! The other is that people stop looking for jobs, and so they’re no longer counted as technically unemployed. That’s what happened here. The number show 312,000 people dropping out of the labor force. That’ll be revised, but if the truth is anywhere close, it’s horrible.
What Ezra Klein, the author of the article, doesn’t mention, is that this is the norm for the so-called “Obama recovery.” Every time our Dear Leader pivots to place his “laser like” focus on the economy, less Americans have jobs.
Either Barack Obama really isn’t that interested in creating a regulatory environment conductive to economic growth or he is massively incompetent and utterly unqualified for the office he currently holds.
Update: Unemployment for Black Americans under the reign of our Dear Leader jumps to 13%.
Update: The US labor force his Carter era lows.
Just how is that hopey-changey thing workin’ for ya?
Tags: Barack Obama, democrat, economy, incompetent, Obama economy, Politics, unemployment, Worst President Ever