"You know the difference between a hockey mom and a pit bull? Lipstick." -Gov. Sarah Palin-


"The media are not above the daily test of any free institution." -Barry M. Goldwater-

"America's first interest must be to punish our enemies, then, if possible, please our friends." -Zell Miller-

"One single object...[will merit] the endless gratitude of the society: that of restraining the judges from usurping legislation." -President Thomas Jefferson-

"Don't get stuck on stupid!" -Lt. Gen. Russel Honore-

"Woe to those who call evil good and good evil, who put darkness for light and light for darkness, who put bitter for sweet and sweet for bitter." -Isaiah 5:20-



Petition For The FairTax




GOP Bloggers Blog Directory & Search engine Blog Sweet Blog Directory

Directory of Politics Blogs My Zimbio

Righty Blogs Of Virginia

Coalition For A Conservative Majority






A REASON TO TRY available from Barnes & Noble
A REASON TO TRY available from Borders
A REASON TO TRY available from Books-A-Million
A REASON TO TRY available from SeekBooks New Zealand
A REASON TO TRY available from SeekBooks Australia
A REASON TO TRY available from Chapters.indigo.ca Canada's Online Bookstore
A REASON TO TRY available from Amazon.com
A REASON TO TRY available from Amazon UK
A REASON TO TRY available from Amazon Canada
Showing posts with label Unemployment. Show all posts
Showing posts with label Unemployment. Show all posts

Monday, June 15, 2009

Joe Biden: "Everybody Guessed Wrong" About Stimulus Package

So that's what government does? Make guesses only to have those guesses turn out wrong?

Many promises were made by those who supported the stimulus/spendulus/porkulus package, promises that those of us who opposed the measure knew could never be kept. Joe Biden finally admitted as much.

From the Associated Press:

Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.

...

"The bottom line is that jobs are being created that would not have been there before," Biden said.

But they are not coming at the pace first estimated.

Just 10 days before taking office, Obama's top economic advisers released a report predicting unemployment would remain at 8 percent of below through this year if an economic stimulus plan won congressional approval.


"Jobs are being created that would not have been there before." What Biden left out (deliberately it would seem) is that more jobs that were there before are not there now. In other words, jobs are being lost faster than the stimulus/spendulus/porkulus package could have possibly created them. Why is this so?

Because government cannot create jobs. Government can destroy jobs through excessive taxation and over-regulation or can tranfer jobs from the private sector into the lower-paying government tent, but government cannot create jobs.

Therein lies the fatal flaw of the stimulus/spendulus/porkulus package; it assumes an untruth to be the truth. And that is why Joe Biden is now admitting that "everybody guessed wrong."

His full quote:

"Everyone guessed wrong at the time the estimate was made about what the state of the economy was at the moment this was passed," Biden said.


Not everyone, just those who supported the measure. Those of us who opposed it knew exactly what the outcome would be.

You can access the complete article on-line here:

Biden Says 'Everyone Guessed Wrong' On Unemployment Numbers
Associated Press via Fox News
June 14, 2009

Time has an even more scathing analysis:

Biden tells "Meet the Press" that "everyone guessed wrong" on the impact of the stimulus, economy was worse off than anyone thought.

Backs away from the estimate that the funds could create or save 3.5 million jobs, instead promises 600,000 by the end of the summer.


You can access that story on-line here:

Stimulus Concession
Mark Halperin
Time
June 14, 2009

Wednesday, January 21, 2009

The Obama Presidency: Here Comes Socialism

Well, we voted for change. The question is, will the change be good or bad?

I'm betting bad. Just as Jimmy Carter had a liberal Democrat Congress to tinker with the economy, so does Barack Obama, only moreso. But, the Dems today are much further to the left than the Dems of the 70's. Back in the 70's, the Dems actually cared about the well-being of America while today's Dems care more for forcing their socialist agenda on a population that will regret it.

Just look at Europe. Depsite their touting themselves as being "enlightened" and better than the rest of the world (i.e. the United States) their collective economy is in a permanent state of shambles and their societies are deteriorating at the hands of leftists in conjunction with immigrants who refuse to assimilate. High unemployement, high taxes and low quality services. That is what they offer.

Socialism is and always will be a disaster.

And now, we have voted for just that type of disaster to happen here.

Writing for Town Hall, Dick Morris and Eileen McGann have this to say about Barack Obama's policies:

[W]e enter his administration as free enterprise, market-dominated, laissez-faire America. We will shortly become like Germany, France, the United Kingdom or Sweden -- a socialist democracy in which the government dominates the economy, determines private sector priorities and offers a vastly expanded range of services to many more people at much higher taxes.


This will all be part and parcel to Obama's New Deal which will be every bit as disastrous as FDR's, whose policies made the Great Depression last at least ten years longer than it should have. Here is a recap of how well it went:

[H]is New Deal measures only succeeded in lowering the unemployment rate from 23 percent in 1933 when he took office to 13 percent in the summer of 1937. It never went lower. And his policies of over-regulation generated such business uncertainty that they triggered a second-term recession. Unemployment rose to 17 percent in 1938 and, in 1940, on the verge of the war-driven recovery, stood at 15 percent.


First, Obama will ensure that he can buy votes for the next election as follows:

In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever expanding welfare checks from the government.


That wonderful Florida voter named Peggy the Moocher must certainly be licking her chops right now at the premise that she can be as lazy as she wants to be while other hard-working Americans support her.

Here are some other aspects of Obama's New Deal:

With a congressional mandate to run the deficit up as high as need be, there is no reason to raise taxes now and risk aggravating the depression. Instead, Obama will follow the opposite of the Reagan strategy. ... Obama will raise spending and increase the deficit so that conservatives cannot cut taxes. And when the economy is restored, he will raise taxes with impunity since the only people who would have to pay them would be rich Republicans.

In the name of stabilizing the banking system, Obama will nationalize it. Using TARP funds to write generous checks to needy financial institutions, his administration will demand preferred stock in exchange. Preferred stock gets dividends before common stockholders do. With the massive debt these companies will owe to the government, they will only be able to afford dividends for preferred stockholders -- the government, not private investors.


And what about Health Care? Obama and the socialist Dems will seek to force a Nationalized rationed health care system like the disasters that cover Canada and the United Kingdom.

Without a lot more doctors, nurses, clinics, equipment and hospital beds, health resources will be strained to the breaking point. The people and equipment that currently serve 250 million Americans and largely neglect all but the emergency needs of the other 50 million will now have to serve everyone. And as government imposes ever more draconian price controls and income limits on doctors, the supply of practitioners and equipment will decline as the demand escalates. Price increases will be out of the question so the government will impose health care rationing, denying the older and sicker among us the care they need and even barring them from paying for it themselves. (Rationing based on income and price will be seen as immoral).


Even more scary is how Obama plans to get an even larger share of the vote by buying off illegal immigrants with amnesty:

He will move quickly to legalize all those who have been in America for five years, albeit illegally, and to smooth their paths to citizenship and voting. He will weaken border controls in an attempt to hike the Latino vote as high as he can in order to make red states like Texas into blue states like California. By the time he is finished, Latinos and African-Americans will cast a combined 30 percent of the vote.


Is this the "change" you voted for? Have more of your money confiscated and then have it redistributed among illegals and other moochers? Have your quality health care replaced by sub-standard nationalized health care?

If so, you will reap what you sow. If not, you'll have a good, long, hard four years during which you may consider the results of the previous four years.

You can access the complete article on-line here:

The Obama Presidency: Here Comes Socialism
Dick Morris and Eileen McGann
TownHall.com
January 21, 2009


Monday, May 5, 2008

A Reality Check

The following facts and figures never get reported on the nightly news and are among the reasons why I do not trust Old Media and you shouldn't either.

This post is in three parts:

Part 1: Economy

In just one year. Remember the election in 2006? Consider the "change" a Dem controlled Congress has presided over.

A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:

1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% ( 10% increase);
4) American households have seen $2.3 trillion in equity value evaporate (stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion dollars;
6) 1% of American homes are in foreclosure.

America voted for change in 2006, and got it!

Remember, Congress makes the laws not the President. He works with what's handed to him.

Barack Obama's campaign slogan is: "Change we can believe in."

Well, we've seen the change that Barack and the Dems have in store for us. It is not good.


Part 2: Taxes

U.S. Federal Individual Income Tax Rates History, 1913-2008

Taxes under Clinton 1999
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750

Taxes under Bush 2008
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

Both Democratic candidates will return to the higher tax rates

It is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; scam people out of money and they don't even know it.


PART 3: Illegal Aliens vs. Funding The War on Terror

You think the war in Iraq is costing us too much? Continue reading.

We have been hammered with the propaganda that it is the Iraq War and the War on Terror that is bankrupting us. The data shows that to be RIDICULOUS.

Feel free to forward the following 14 reasons until they are read so many times that the reader gets sick of reading them. URL's have been included for verification of all the following facts.

1. $11 Billion to $22 billion is spent on welfare to illegal aliens each year by state governments.

Verify at: Immigration and Welfare

2. $2.2 Billion dollars a year is spent on food assistance programs such as food stamps, WIC, and free school lunches for illegal aliens.

Verify at: The High Cost Of Cheap Labor

3. $2.5 Billion dollars a year is spent on Medicaid for illegal aliens.

Verify at: The High Cost of Cheap Labor

4. $12 Billion dollars a year is spent on primary and secondary school education for children here illegally and they cannot speak a word of English!

Verify at: The Debate Over Immigration & Border Security Continues

5. $17 Billion dollars a year is spent for education for the American-born children of illegal aliens, known as anchor babies.

Verify at The Debate Over Immigration & Border Security Continues

6. $3 Million Dollars a DAY is spent to incarcerate illegal aliens.

Verify at: The Debate Over Immigration & Border Security Continues

7. 30% percent of all Federal Prison inmates are illegal aliens.

Verify at: Bureau Of Justice Statistics

8. $90 Billion Dollars a year is spent on illegal aliens for Welfare & social services by the American taxpayers.

Verify at: The Debate Over Immigration & Border Security Continues

9. $200 Billion Dollars a year in suppressed American wages are caused by the illegal aliens.

Verify at: The Debate Over Immigration & Border Security Continues

10 The illegal aliens in the United States have a crime rate that's two and a half times that of white non-illegal aliens. In particular, their children, are going to make a huge additional crime problem in the US.

Verify at: The Debate Over Immigration & Border Security Continues

11. During the year of 2005 there were 4 to 10 MILLION illegal aliens that crossed our Southern Border also, as many as 19,500 illegal aliens from Terrorist Countries. Millions of pounds of drugs, cocaine, meth, heroin and marijuana, crossed into the U. S from the Southern border.

Verify at: Homeland Security Report: A Line in the Sand:
Confronting the Threat at the Southwest Border


12. The National Policy Institute, 'estimated that the total cost of mass deportation would be between $206 and $230 billion or an average cost of between $41 and $46 billion annually over a five year period.'

Verify at: National Policy Institute

13. In 2006 illegal aliens sent home $45 BILLION in remittances back to their countries of origin.

Verify at: Migrant Remittances From The United States To Latin America To Reach $45 Billion In 2006, Says IDB

14. The Dark Side of Illegal Immigration: Nearly One Million Sex Crimes Committed by Illegal Immigrants In The United States.

Verify at: Violent Crimes Institute

The total cost is a whopping $338.3 BILLION DOLLARS A YEAR. Yet the Dems and certain Congressional Republicans think the Iraq War is what is costing us!

Are we THAT stupid?

Pass this data along to as many people as you can for as long as you can. We need to get the job done that Old Media and the Democrats won't do.