Truth

There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.

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Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Wednesday, September 8, 2010

It isn’t easy being Liberal

Al Gore will have a school devoted to the Environment (aka Global Warming Indoctrination)  name after him.
It’s built on a former Toxic Waste dump site.
I love it! :)
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“In this year of economic uncertainty and critical mid-term elections, the corporate-owned media will not be offering lessons about: our rigged political system; the conservative crusade against Muslims; the phony ‘panic’ over debt; vets abandoned by the VA; taxes and the Tea Party and much, much more,”
The Progressive Left’s magazine The Nation. They want to bring more liberal “education” to the classroom.
More?
Really?
Gee, I guess total domination is the goal then, eh? :(
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A Gallup survey of registered voters this week had Republicans beating Democrats in a generic ballot by 10 points, 51% to 41%. In the 68-year history of that poll, the GOP had never led by more than five points.
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ETU ORSZAG!
White House Press Secretary Robert Gibbs reiterated the Obama administration’s opposition to extending tax cuts for America’s highest earners this afternoon, after former White House Budget Director Peter Orszag, at left, suggested a two year extension of all the Bush-era tax cuts.
Orszag, who left the Obama administration in July, wrote in an op-ed in today’s New York Times that raising taxes would “crimp consumer spending, further depressing the already inadequate demand for what firms are capable of producing at full tilt.” He suggested the administration extend all the Bush tax cuts for two years before ending them altogether in order to lower the deficit. This includes ending the tax cuts for middle and lower-income people that the Obama administration wants to extend permanently.
In his press briefing this afternoon, Gibbs responded to Orszag’s comments, emphasizing that while the White House is committed to extending tax cuts for middle and low-income Americans, it stands firm in its belief that maintaining similar breaks for the nation’s highest earners is fiscally unsustainable.

“Our viewpoint on this is that we should and must pass legislation that extends the tax cuts for middle-class families,” he said. “But we cannot afford, in this environment to — in our budgetary and fiscal environment to extend the tax cuts for those that make more than $250,000 a year.”
“I don’t think the president believes that we are a $100,000 tax cut from a millionaire away from an economy that works for families that are making $40,000 a year,” Gibbs said.
Wealthy Americans aren’t spending so freely anymore. And the rest of us are feeling the squeeze.
The question is whether the rich will cut back so much as to tip the economy back into recession — or if they will spend at least enough to sustain the recovery.
The answer may not be clear for months. But their cutbacks help explain why the rebound could be stalling. The economy grew at just a 2.4 percent rate in the April-June quarter, the government said Friday, much slower than the 3.7 percent rate for the first quarter.
Economists say overall consumer spending has slowed mainly because the richest 5 percent of Americans — those earning at least $207,000 — are buying less. They account for about 14 percent of total spending. These shoppers have retrenched as their investment values have sunk and home values have languished.
In addition, the most sweeping tax cuts in a generation are due to expire in January, and lawmakers are divided over whether the government can afford to make any of them permanent as the federal budget deficit continues to balloon. President Barack Obama wants to allow the top rates to increase next year for individuals making more than $200,000 and couples making more than $250,000. The wealthy may be keeping some money on the sidelines due to uncertainty over whether or not they will soon face higher taxes.
The Standard & Poor’s 500 stock index has tumbled 9.5 percent since its high-water mark in late April. Home values fell 3.2 percent in the first quarter, according to the Standard & Poor’s/Case-Shiller 20-city home price index.
Think of the wealthy as the main engine of the economy: When they buy more, the economy hums. When they cut back, it sputters. The rest of us mainly go along for the ride.
“It isn’t a good omen for the consumer recovery, which cannot exist without the luxury spender,” said Mike Niemira, chief economist at the International Council of Shopping Centers.
At the same time, government reports show shoppers as a whole cut back on their spending in both May and June.
Companies have responded by refusing to step up hiring. The housing market is stalling. And Americans are seeing little or no pay raises. It adds up to a recipe for a grinding recovery to slow further.
And it helps explain why economists expect the rebound to lose momentum in the second half of the year. Especially if the rich don’t resume bigger spending.
“They are the bellwether for the economy,” says Mark Zandi, chief economist at Moody’s Analytics. “The fact that they turned more cautious is why the recovery is losing momentum. If they panic again, that would be the fodder for a double-dip recession.”
That’s because whether they’re saving or spending, the wealthy deliver an outsize impact on the economy. (CNS)
So the obvious answer is to tax them even more. So we take it away from them. :)
After all, the greedy bastards deserve it!
Mind you, the 47% of the people who don’t even pay taxes to begin with need a good class ware fare motivation to vote for Democrats.
Firedoglake: “For the thousandth time, tax cuts aren’t very effective, and those applied to rich people suck. When the government gives a tax cut — essentially a gift — to the richest Americans, they spend proportionally less to stimulate Mainstreet’s economy and gamble a lot more on Wall Street’s casinos. Everyone should know this by now. Transferring money from the middle class to the rich impoverishes Mainstreet and enriches Wall Street. So retaining lower taxes for the middle class is as much a democratic equity argument to help redress the egregious distribution of wealth to the richest people as it is an economic stimulus plan.”
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At least five of the 34 House Democrats who voted against their party’s health care reform bill are highlighting their “no” votes in ads back home. By contrast, party officials in Washington can’t identify a single House member who’s running an ad boasting of a “yes” vote — despite the fact that 219 House Democrats voted in favor of final passage in March.
One Democratic strategist said it would be “political malfeasance” to run such an ad now.
Democrats have taken that advice to heart; it appears that no Democratic incumbent — in the House or in the Senate — has run a pro-reform TV ad since April, when Senate Majority Leader Harry Reid (D-Nev.) ran one.
Most of the Democrats running ads highlighting their opposition to the law are in conservative-leaning districts and considered the most endangered. They’re using their vote against the overhaul as proof of their willingness to buck party leadership and their commitment to watching the nation’s debt.
Rep. Glenn Nye (D-Va.) says in an ad that went up last week that he voted against the law “because it cost too much.”
Rep. Stephanie Herseth Sandlin (D-S.D.) says she voted against “all the bailouts and the trillion dollar health care plan” because “it wasn’t right for South Dakota” or for children anywhere.
And an ad for Rep. Jason Altmire (D-Pa.) quotes constituents who say, “I like that Jason Altmire is not afraid to stand up to the president … and Nancy Pelosi.”
As for the members who voted yes? A Democratic strategist familiar with the polling on the issue says the most effective approach — when asked — is to highlight that the law provides consumers with the same health care that members of Congress get.
Another method is to tell voters that the law bans insurance companies from denying coverage once a customer gets sick — a provision that would be undone if Republicans repeal the law, as they have promised to do if given the opportunity.
The Kaiser survey found that likely voters listed health care as the third most important factor in determining how they will vote. It’s behind the economy and “dissatisfaction with government.”
About one-third of voters said support for the health reform law would make it more likely that they’d vote for a candidate. But one-third said it would make it less likely, and another third said it wouldn’t make much of a difference. Those figures haven’t changed much since the law passed. (Politico)
Emphasize that the unpopularity is mostly about the messy process, and that when voters appreciate the benefits, they will come around. :)
And if that doesn’t work, well, you’re just a racist, a bigot, or just plain stupid! :)

Saturday, August 21, 2010

Stop Me Before I Lie Again!

A Democrat advocacy group that was essential to the passage of ObamaCare has come out with a new Powerpoint presentation on how to sell ObamaCare, aka sell a 5-gallon jug of water to a drowning man.
And the most interesting revelation: They Lied!
Shocking though that may seem, it seems that in this presentation on the last page of “don’t”s they don’t wanna anyone to talk about the cost savings, deficit reduction, and the lower premiums that was there mantra for 15 months as they crammed it down everyone’s throat in the most partisan vote in memory.
It seems, they might have ‘misspoke’ :)


The presentation also concedes that the fiscal and economic arguments that were the White House’s first and most aggressive sales pitch have essentially failed. “Many don’t believe health care reform will help the economy,” says one slide.

When you see this first panel, think Alinksy’s Rules for Radicals, Rule 2: Never go outside the experience of your people. The result is confusion, fear, and retreat.

It’s hard to overstate how important the Congressional Budget Office (CBO)—which makes the official judgments on how much bills cost and save—is in Washington. “I consider CBO God around here,” Sen. Chuck Grassley, ranking Republican on the Finance Committee, recently said during the Health Care Debate.(Newsweek– our “islamophobic” fear mongers)

I wonder if he feels the same way after yesterday’s report that showed what the deficit spending has done to the economy? :)
“We think the numbers are now pretty well set from CBO,” House Majority Leader Steny Hoyer said. “We think it will post the largest deficit reduction of any bill that we’ve adopted in the Congress since 1993.”

CBO told lawmakers that the health package would cost $940 billion over the next decade, reducing the deficit by $130 billion. It will reduce the deficit by $1.2 trillion in the second decade of the plan’s implementation, according to those who have seen the score.
“We are absolutely giddy” about the score, Majority Whip James Clyburn (D-S.C.) said during an interview on Fox News on Thursday. About the deficit-reduction figures, he added, “This is great news for the American people.”(The Hill)
So without further adieu…

Key White House allies are dramatically shifting their attempts to defend health care legislation, abandoning claims that it will reduce costs and deficit and instead stressing a promise to “improve it.”
The messaging shift was circulated this afternoon on a conference call and PowerPoint presentation organized by Families USA — one of the central groups in the push for the initial legislation. The call was led by a staffer for the Herndon Alliance, which includes leading labor groups and other health care allies. It was based on polling from three top Democratic pollsters: John Anzalone, Celinda Lake and Stan Greenberg.
The confidential presentation, available in full here and provided to POLITICO by a source on the call, suggests that Democrats are acknowledging the failure of their predictions that the health care legislation would grow more popular after its passage, as its benefits became clear and rhetoric cooled. Instead, the presentation is designed to win over a skeptical public, and to defend the legislation — and in particular the individual mandate — from a push for repeal.
The presentation concedes that groups typically supportive of Democratic causes — people under 40, non-college-educated women and Hispanic voters — have not been won over by the plan. Indeed, it stresses repeatedly that many are unaware that the legislation has passed, an astonishing shortcoming in the White House’s all-out communications effort.
“Straightforward ‘policy’ defenses fail to [move] voters’ opinions about the law,” says one slide.  ”Women in particular are concerned that health care law will mean less provider availability — scarcity [is] an issue.”
The presentation also concedes that the fiscal and economic arguments that were the White House’s first and most aggressive sales pitch have essentially failed.
“Many don’t believe health care reform will help the economy,” says one slide.
The presentation’s final page of “Don’ts” counsels against claiming “the law will reduce costs and deficit.”
The presentation advises, instead, sales pitches that play on personal narratives and promises to change the legislation.
“People can be moved from initial skepticism and support for repeal of the law to favorable feelings and resisting repeal,” it says.  “Use personal stories — coupled with clear, simple descriptions of how the law benefits people at the individual level — to convey critical benefits of reform.”

In other words, get ready for more grandma has to use someone else’s dentures stories!  Get out the hankies, it’s America’s Most Outrageous Sob Stories Season 2!.
Appeals to emotions, not logic.
Hmmm, the exact opposite of the Ground Zero Mosque where the supporters are totally devoid and deaf to emotions. Curiouser and Curiouser.. :)
Could it be manipulative?  Nahh…. :)


The presentation also counsels against the kind of grand claims of change that accompanied the legislation’s passage.
“Keep claims small and credible; don’t overpromise or ‘spin’ what the law delivers,” it says, suggesting supporters say, “The law is not perfect, but it does good things and helps many people. Now we’ll work [to] improve it.”

The “free” Miracle Cure is just snake oil after all. But don’t tell the customer who had it force down their throat that. :)


The Herndon Alliance, which presented the research, is a low-profile group that coordinated liberal messaging in favor of the public option in health care. Its “partners” include health care legislation’s heavyweight supporters: AARP, AFL-CIO, SEIU, Health Care for America Now, MoveOn and the National Council of La Raza, among many others.
Let’s see, A Seniors advocacy group that has it’s own Health Insurance arm, Government Unions who have been getting most of the bailouts, Liberal advocacy group funded by a Billionaire Socialist, “The Race” (La Raza) a racist hatemongers group of Latinos who believe in (amongst other things) giving parts of Arizona and New Mexico back to Mexico and are as Open Borders as it gets.
Interesting grouping… :)


The presentation cites three private research projects by top Democratic pollsters: eight focus groups by Lake; Anzalone’s 1,000-person national survey; and an online survey of 2,000 people by Greenberg’s firm.
“If we are to preserve the gains made by the law and build on this foundation, the American public must understand what the law means for them,” says Herndon’s website. “We must overcome fear and mistrust, and we must once again use our collective voice to connect with the public on the values we share as Americans.” (Ben Smith-Politico)


Water anyone? :)
“We thought the best thing to do now was to remind people why they personally wanted reform in the first place.”–Spokesman for Families USA.
Wanted it? It was running at 66% against when it was passed and that hasn’t improved one  bit since.
A new Rasmussen Reports national telephone survey finds that 55% of U.S. Likely Voters favor repeal of the health care bill. That’s down from 59% a week ago, but support for repeal has ranged from 52% to 60%since the law was passed by Congress in March.

I guess follows my new rule that if 60+% of the people are against it, the Democrats are for it and you should be too! :)   (Health Care, Ground Zero Mosque, Deficit Spending, Continued Bailouts…et al)

A recent Government Accountability Report (GAO), finding that each job ‘created’ by the stimulus bill costs an average of $194,213.
But, fear not! The Government is here to save you…money! :)
Just over 70 days. I can see November from my house… :)

Monday, August 16, 2010

The Safety Net

“It’s very sad. I think it’s just illustrating what dire straits our federal government budget is in,” said Sheila Zedlewski, director of the Urban Institute’s Income and Benefits Center. “It’s unprecedented to raid one safety net program to feed another.”
Democrats who reluctantly slashed a food stamp program to fund a state aid bill may have to do so again to pay for a top priority of first lady Michelle Obama.
The House will soon consider an $8 billion child nutrition bill that’s at the center of the first lady’s “Let’s Move” initiative. Before leaving for the summer recess, the Senate passed a smaller version of the legislation that is paid for by trimming the Supplemental Nutrition Assistance Program, commonly known as food stamps.

The proposed cuts would come on top of a 13.6 percent food stamp reduction in the $26 billion Medicaid and education state funding bill that President Obama signed this week.
Food stamps have made multiple appearances on the fiscal chopping block because Democrats have few other places to turn to offset the cost of legislation.
Party leaders raided the budget to find off-setting tax increases and spending cuts to pay for their top legislative priorities, including the roughly $900 billion health care law.
Democrats have turned to the food stamp program because funding increases enacted in the stimulus package last year were already scheduled to phase out over time. The changes proposed in the state aid and nutrition bills would simply cut off that increase early, in March 2014. Because the cuts would not take effect for more than three years, Democratic leaders have voiced the hope that they will be able to stop them in future legislation.
But House liberals are balking now, saying that while they swallowed the food stamp cuts to pay for urgent funding for Medicaid and teachers, they will not vote for more cuts in the child nutrition bill.
A House leadership aide noted that the food stamp decrease approved in the state aid bill will not take effect right away and will leave the program at the same funding level it was at before the stimulus law was signed. “That doesn’t mean many Democrats are not concerned about the issue, but this is a process which gives us time to deal with immediate issues (like jobs) and helping the economy grow, while giving you time to deal with the food stamp issue,” the aide said. (The Hill)

In other words, the card shuffling rob Peter-to-Pay-Paul-Wimpy-I’ll Pay you tomorrow for a hamburger (or food stamp)-today economics may be running a bit thin.
The idea that you can pay for massive spending with cuts 3 years from now in the hope that everything will be fine and and you won’t have to cut them in 3 years is some how saving money now is just wrong.
And these were eliminating increases that that they’d already passed!
Sounds like rearranging the deck chairs on the Titanic after it’s hit the iceberg! :(
But when you have The Agenda, and the Agenda must be passed and the end justifies the means, you’ll do and say anything to make it happen.

The deeper food stamp reductions in the Senate version would set an earlier date — in November 2013 — for eliminating the increased benefits passed last year.  A family of four would see their benefit reduced by $59 a month, or about 9 percent. The bill would also cut funding for nutrition education programs aimed at low-income neighborhoods and households.
But don’t worry, It will still be George W Bush’s fault if the cuts actually happen. Or evil rich people. Or Class warfare. It certainly won’t be there fault. And it’s just cutting an increase anyhow so no big deal (unless you’re the Bush Tax cuts where not increasing taxes is bad).
The truth is certainly not endangered. :)


I like this comment made on the article, it was suitably sarcastic:
No big deal. Just put a “cancel” on any payments from the treasury to cover charges for the Obama family’s entertainment amd travel budget. It would onlly take a few months of austerity in the White House to jumpstart the economy, balance the budget, and slash the deficit. If that doesn’t do it, garnish Obama’s salary, eliminate his empire of czars, and fire “Bozo” Gibbs. The first two measures would be sacrifices, and the third would be a sign of at least some intelligent life in the White House.

Now why would they want to interrupt their latest lavish vacation to do that? Gee, they are the elites and they are the ruling family why would they want to show any restraint?
They deserve it. They are better than you.
I guess we could always Eat their words… :)


Congress’ rationale for eliminating the 2003 Bush tax cuts is deficit reduction. This position would be more credible were congress not teeing-up additional discretionary spending programs in the form of various stimuli packages for union members and favored political allies whom Democrats need to please in order to ensure their re-election in November. The deficit can never be reduced if Congress doesn’t stop non-essential spending. (or this kind of Wimpy-I’ll-pay-tomorrow-for-what-I-spend-today economics).

Currently, it is not clear if the confiscatory tax policies proposed by Democrats are designed to reduce the deficit by increasing the government’s revenue or if they are designed to punish political opponents and those whose don’t share the flawed, Democrat, wealth-redistribution ideology. Increasingly, it’s looking as if the goal is to punish.
Low tax rates incentivize economic growth and investment. This has been proven time after time. But, Democrats prefer to focus, instead, on taxes on the “rich”, using inflammatory rhetoric that plays on our deepest fears and ego, fear that someone might be better than we are, have more than we do, rhetoric that encourages schadenfreude, a smug pleasure that those who have more than we, might be brought low by confiscatory tax policies.
The Democrat leaders in congress advocating against the Bush tax cuts are looking for a bogeyman—the rich—to be blamed for the failed Democrat fiscal and job creation policies. Punishing the “rich” is a campaign strategy that they hope will play well with voters this fall. (Townhall.com)

Let them EAT the “rich”. Meanwhile, the apparatchiks are being porked out of their minds.
And you, get to pay for it either way. :)


Oh, and just in case you didn’t know, their was another stimulus (aka bribe) recently also:
WASHINGTON (AP) — A check from Uncle Sam gets your attention, even if the money doesn’t help that much with the bills.
More than 750,000 Medicare recipients with high prescription costs each got a $250 government check this summer, and 3 million-plus more checks are going out to people who land in the program’s anxiety-inducing coverage gap.
Democrats, running scared in an election year, are trying to overcome older people’s mistrust of the new health care law, which expands coverage for younger generations by cutting Medicare payments to hospitals and insurers.
Will the ploy work?
“It’s like a teaser,” says Virginia Brant, 65, of Glendale, Ariz. “You go to Vegas and they give you the free spin on the wheel. We have had our teaser — the $250 — for us to say, ‘Gee, look at what we have coming.’”
Brant spent hers to help pay down a credit card she keeps for medications.
The checks arrive with a letter addressed directly to each beneficiary and signed by Kathleen Sebelius, President Barack Obama’s health secretary.
The money is “to bring you some needed relief on your prescription drug costs … the first step toward closing your coverage gap,” Sebelius says. Then comes the pitch: “Stay tuned for more information … on how this new law will help make Medicare more financially secure and provide you with higher quality and more affordable health care.”
Ooh, $250 bucks! Wow! that makes The Health Care Mandate  and the cuts in Medicare Advantage  (which is used for prescriptions mostly :) ) so much more palatable and makes me want to vote for a Democrat so they can continue to pork people without regard to the consequences!
I guess they could always cut food stamps again to pay for it…. :)
So The democrats want to demagogue the rich, pay off their apparatchiks with your money and bribe people to vote for them in November.
Well at least some things haven’t changed in the swamp. :)

Monday, August 9, 2010

The Ship is Sinking! Save the Apparatchiks!

Americans should all print this out and carry it everywhere . . .

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Council of Economic Advisers chairwoman Christina Romer is best known for drafting the February 2009 report “The Job Impact of the American Recovery and Reinvestment Plan,” which the White House used as an ammunition belt in the fight to gain passage of its $862 billion economic stimulus bill (the actual cost of which exceeds $1 trillion when interest is included). Romer predicted that following passage of the stimulus bill, unemployment would plateau below 8 percent last fall and by this month register at 7 percent. That’s not close enough for government work, as unemployment stands at 9.5 percent today. It would be higher except that hundreds of thousands of frustrated job seekers have given up looking for new jobs and dropped out of the labor force.
Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. That and give $308 million in subsidies to BP before the Gulf oil spill disaster, and subsidize a study on what happens when monkeys snort coke.
Obama is adding to the economic misery by creating an environment of regulatory uncertainty. The Wall Street reform law Obama recently signed potentially requires 533 new regulations, 60 studies and 93 reports, according to the U.S. Chamber of Commerce. Obama’s Environmental Protection Agency has 29 active rulemakings, and there are 100 new rules on the Labor Department’s agenda and 26 at the Transportation Department.
Add Obama’s determination to raise everybody’s taxes by allowing the Bush cuts from 2001 and 2003 to expire Jan. 1, 2011, and it’s easy to why banks, businesses and consumers are hoarding trillions of dollars that could otherwise spur economic growth. And we haven’t even addressed the destructive effect on economic growth of Obama’s nationalization of major portions of the economy, including the banks, health care and the auto industry.
The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it’s time for everybody in this town to admit it so we can move on.

But The Democrats and Liberals can’t and won’t do that. They can’t politically admit the stuff they have waited generations to cram down everyone’s throat is total crap on a stick!
“Recovery summer”? Time for another sobriquet.
So the little buggers went off on their 6 week holiday, BUT, nope they were ordered back by the likes of Speaker Pelosi
because they needed to pass a $26 Billion spending bill to give more money to public sector employees!
More money for their Peeps. The apparatchiks need more money!

On Friday, after release of the jobs report, Labor Secretary Hilda Solis touted the economy’s “turnaround” and credited “strong and immediate action” President Obama took after entering office. The only real problem, she hinted, was Republicans who refuse to support a $26 billion bailout for state and local governments and their pampered unions.
“There is no room for partisan roadblocks when Americans are depending on their government’s action and the stakes are so high,” Solis said. In this White House, economic recovery is always just one massive stimulus or bailout bill away. (IBD)
This would be the Hilda Solis who earlier this year created a PSA advising Illegal aliens to call her if their mean, capitalist boss was exploiting them so she could crack down on their boss!


And naturally, voting against it, is hurting children! :)
WASHINGTON — House members are giving up a couple of days reconnecting with folks in their districts this week to pass a jobs bill that Democrats say is crucial to the nation’s well-being.
The unusual in-and-out session was called because the Senate waited until last Thursday, after the House had already recessed for its summer break, to pass a $26 billion bill to prevent tens of thousands of teachers and an equal number of other state and local government workers from being laid off before the November election.
Oh no!  Not that! We can’t have public sector employees (unemployment rate 3%) hurt before the election while the little people have 9.5% (officially) closer to 18% in reality (with those who have given up) are in actual need but not politically necessary enough to care about.
“This legislation is about creating and saving American jobs, and preventing a double-dip recession,” House Speaker Nancy Pelosi said in announcing the special session just hours after the Senate passed the bill that the administration says could save the jobs of nearly 300,000 teachers and other public workers.
“It’s not a gamble,” he said, but “it would be gambling our childrens’ education to have them go back to school and find no teacher in the classroom or a larger class size.”-Rep. Chris Van Hollen, D-Md.
It’s all for the children…:)
Well, you’ve heard it hear first. Everything is now perfect and we’ll all be better off and the recession is officially been sorted by saving 300,000 public sector employees!!
Democrats should be staying home and listening to their constituents “instead of scampering back to Washington to push through more special interest bailouts and job-killing tax hikes,” said House GOP leader John Boehner of Ohio.
Republicans portrayed the special session as the Democrats’ pre-election gift to their labor union allies and objected to provisions to raise taxes on some U.S.-based multinational companies as a way to partially cover the $26 billion cost of the bill.
So raising taxes on evil capitalists to “save” some jobs will save us all.
Utopia is upon us all  :)
REJOICE!
Bask in the splendor and the wonder that is Obamanomics!

Here’s the real record: America has lost 4.1 million jobs since Obama took office and 7.7 million since the recession began in December 2007. So most of the jobs lost have been under this administration. Whatever else you might call Obamanomics, “successful” isn’t it.
You’d never know that Democrats controlled Congress for Bush’s last two years, or that policies they enacted during their many decades in power — in particular, using Fannie Mae and Freddie Mac to issue trillions of dollars of mortgages to unqualified borrowers — are the root cause of our crisis.
As with most progressives, they believe bigger government is always the solution to our problems…(IBD)
So the Democrats stategy to stave off a political bloodbath is to SPEND EVEN MORE and then Blame Bush for it!
Haven’t we seen re-run before? :(
Following release of Friday’s government report on unemployment and job creation, consumer and investor confidence has fallen to the lowest level of 2010. Just 21% of Adults nationwide now believe the economy is getting better. That’s down from 30% on Friday morning. The number who believe the economy is getting worse is now up to 54%.
The Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, slipped on Monday to 69.7. That’s down nine points since release of Friday’s disappointing jobs report and the lowest level of confidence measured since December 2, 2009. Eight percent (8%) rate the economy as good or excellent while 55% say it’s in poor shape.
Looked at on a month-by-month basis, consumer confidence increased on four of the first five months in 2010 and held steady in the fifth. However, it has fallen in the past two months, June and July.
But don’t worry, everything will be a utopia when these 300,000 government union people are kept off the unemployment line!!

Everything will be great when your taxes go up!  (sorry, “pro-growth revenue”)
or was that the Health Care Mandate that wasn’t tax, it’s a penalty, that’s a tax because of the Commerce Clause.
The Border is more secure now than ever! :)
When Social Security is officially broke (and it is).
When Medicare Advantage is slashed and your Health Savings Account is gutted.
When Fannie Mae and Freddie Mac (left out of financial reform) are bailed out YET AGAIN!
When your bosses taxes and regulations go up!
When evil capitalist pigs are crushed under the boot of Big Brother!
When the government runs your Health Care.
When Illegal aliens are granted Amnesty (but we’ll come up with an Orwellian term for it, like “deferred action”).
Rejoice in the grandeur and splendor of Obama, Pelosi, Reid!
OR ELSE! :)

Monday, July 5, 2010

Mom, Can I Grow up to Be a Buraucrat

The following chart makes that case. Since the beginning of the recession (roughly January 2008), some 7.9 million jobs were lost in the private sector while 590,000 jobs were gained in the public one.  And since the passage of the stimulus bill (February 2009), over 2.6 million private jobs were lost, but the government workforce grew by 400,000.
image002
Plus, as you know, according to the latest numbers from Bureau of Economic Analysis, the average federal civilian worker now earns double what private-sector workers earn when factoring in wages and benefits ($119,982 vs. $59,909). And the gap is increasing.  According to Chris Edwards of the Cato Institute, in 2000, the average federal worker earned 66 percent more in total compensation than the average private-sector worker. By 2008, that ratio had risen to 100 percent. That’s serious money.
Peter Orszag, the soon to be leaving OMB director, has  explained the differences in pay by saying that public employees have more diplomas (probably implying that they are smarter) than private employees:
But the truth is that a comparison of federal and private-sector pay, even by occupation, is misleading because the employees hired by the federal government often have higher levels of education than their counterparts in the private sector — even within the same occupations.  When you factor in the education and experience of the federal workforce, there is no statistically significant difference in average pay levels.
Translation: We are better than you.

Edwards, however, shows this is nonsense. He writes:
Some people argue that the federal government has a unique high-end workforce, which deserves to be paid handsomely. But let’s consider some ordinary and mundane offices in the U.S. Department of Agriculture. In 2010, the USDA’s Office of Communications employed 77 people and paid $9 million in wages and benefits. That works out to $117,000 each for these public relations workers, which is close to the overall federal compensation average. Or consider that the 62 employees of the USDA’s Office of Chief Economist earned an average $177,000 each in wages and benefits in 2010. It isn’t just rocket scientists that are earning high federal compensation, it is also workers in many run-of-the-mill bureaucratic jobs.
More importantly, the federal workforce has always had a heavy contingent of skilled professionals such as lawyers. So that is not new, and thus it cannot explain the dramatically faster growth in federal compensation compared to private compensation [...].
Besides, if these diplomas are what gave is the health care reform, the financial bill making its way to Congress and the stimulus, then I would argue that we would be better off if  high-school dropouts to run Congress.
That being said, if bureaucrats have job security, their workforce grows during recession, and they make increasingly more money, being a proud public sector employee should become your little ones’ dream. In this context, wanting to be a fireman or a princess is so yesterday. (Big Government)

So, government apparatchiks (“agent of the apparatus”) are prospering.
Unions get bail outs, exemptions from taxes you’ll be paying, and special deals. Because they are part of the base of the party.
Union Pensions are bankrupting companies and states everywhere. So what. Big Deal.
The Hispanics are being pandered because they are also the base of the party. So Obama’s campaign speech last week on Illegal Immigration was for them, not you.
So if you’re a party appartchik or a wanna-be apparatchik, you’re In like Flint.
But government gets it’s money from taxes.
Only 50% of people even pay taxes.
But hey, if you’re unemployed, the government will pay you to be unemployed and dependent on them.

Persistent unemployment nationwide is threatening to inhibit consumer spending. The latest figures from the government on Friday underscored the depth of the problem, with the economy adding only 83,000 private sector jobs.
There was no relief in sight from Washington, either. Congress left on recess Friday having failed to pass legislation that would have extended unemployment benefits for hundreds of thousands of Americans.
On the small-business side, credit concerns are keeping some companies from spending. And on the consumer side, while spending and confidence numbers continue to be weak, personal income has risen for three months straight and savings rates are relatively high. That suggests people now have cash but are just sitting on it.
So they’ll just print more money. Who cares.
It’s not like they want the private sector to create jobs, not really.
Obama has been “focused on jobs” for 18 months now. And you can smell the rotting corpse of neglect and contempt from here.
But “he cares”… :)


When Obama could have passed comprehensive immigration reform – when he still had 60 Senate Democrats – he didn’t lift a finger to push it. Now that he can’t pass it – it is too late in the year, he doesn’t have 60 votes, and many Democrats will defect – he aggressively pushes it in a national speech.
The opportunism and hypocrisy of his attempt to manipulate America’s Latinos into forgetting his previous inaction is transparent and obvious. Polls show him losing Hispanics due to high and continuing unemployment and losing Congressional seats in the bargain, so Obama has dug up the immigration proposals of former President George W. Bush, dusted them off, and made them his own. He knows it won’t pass. But he hopes that it will reignite Latino enthusiasm for his failing presidency and anger at Republicans for frustrating immigration reform.(Dick Morris)

It was just the latest in cynical political ploys.
Pure Politics. No actual conviction.
So the bottom line is, guess what is likely to be one of  the next great “bubble” to burst.
You got it, Government Apparatchiks and their dependents.
And guess who’s going to bail them out! :)
Now that’s “Hope and Change” for ya…

Thursday, July 1, 2010

Covering Their Fannie (and Freddie)

Keep in Mind that the Financial Reform Bill, which is now in some trouble, is written largely by Sen. Chris Dodd and Barney Frank. The people who brought you the subprime mess to begin with their insistence on subprime mortgages for people who couldn’t even afford those.
But we were discriminating against the poor!
Oh No! We can’t have that!
Everyone must be equal! :)
Subprime Scandal: Missing from stories about finance reform is what Democrats left out of it: a fix for Fannie Mae and Freddie Mac, which continue to bleed billions.
Nor has it been explained why the two mortgage giants at the heart of the housing crisis were excluded. A little research, however, provides answers. Many of the Senate and House conferees who assembled the final overhaul bill are among the biggest recipients of cash from Fannie and Freddie, which over the years have been plagued by Democrat cronyism and corruption.
Some of the Hill’s biggest protectors of the toxic twins and their market-distorting “affordable housing” mission landed key positions as conferees on the panel that wrote the final draft of the bank reform legislation. For example, conference committee leaders Sen. Chris Dodd, D-Conn., and Rep. Barney Frank, D-Mass., respectively raked in more than $133,000 and $40,000 in donations from Fannie and Freddie, Federal Election Commission records show.
The two lawmakers, in turn, have been the congressional chartered companies’ staunchest defenders. Leading up to the housing meltdown, Dodd insisted time and again — despite growing evidence to the contrary — that Fannie and Freddie were “fundamentally strong” and “in good shape.”
Frank maintained that “Fannie Mae and Freddie Mac are not facing any kind of financial crisis.” “The more people exaggerate these problems, the more pressure there is on these companies,” Frank griped, “the less we will see in terms of affordable housing.”
To satisfy such politically mandated lending goals, Washington-based Fannie and Freddie loaded up on subprime and other high-risk home loans. Their exposure was greater than all the major Wall Street players combined. And now they’re insolvent, with taxpayers potentially on the hook for as much as $1 trillion.
Already Fannie and Freddie’s $160 billion government bailout has topped that spent on AIG, Citigroup and other Democrat poster boys of the crisis, making their rescue the mother of all bailouts.
We can’t think of two entities more deserving of overhaul. Yet the Dodd-Frank Act doesn’t even try to reform them. This means nothing will change except the size of government’s hand in the economy. By not addressing Fannie and Freddie, economist Brian Wesbury noted “the government is taking no blame for the subprime crisis and is demanding more power over the U.S. financial system.”
Several other conferees instrumental in keeping Fannie and Freddie exempt from the new financial rules also show up among the top beneficiaries of Fannie and Freddie campaign cash (see table).
President Obama and top aide Rahm Emanuel also ranked among top recipients of Fannie and Freddie gifts when they were in Congress. From the White House, they lobbied Congress for a financial overhaul and got 90% of what they asked — including a pass for Fannie and Freddie, where Emanuel once served as director.
Their private piggy bank for “social justice” — which they used to provide high-risk loans that otherwise were out of reach for constituents — remains safe from promised “sweeping reform.”
In the ultimate insult, the two lawmakers most deserving of blame for the financial crisis carry the name of the legislation that supposedly will deliver us from financial crisis. The villains are, according to the media, the white knights riding in to save us from the havoc they caused. A more sinister script could not have been written. (IBD)

Unless you’re an elitist Democrat who has complete contempt for “the people” and are only out there to push your agenda and nothing else.
But don’t worry, we’re from the government and we are here to help you!! :)
UNIVERSAL HEALTH CARE: A PREVIEW
Anyone wanting a preview of Obama-Care need just focus on Massachusetts, the state that provided the blueprint for Obama’s plan. It makes a great case for making haste in repealing ObamaCare.
In Massachusetts, health care prices are out of control, emergency rooms are overcrowded, the government is at war with itself and private insurers are running in the red, refusing to enter critical markets on the government’s unrealistic terms.
The party line now is that the Bay State’s reform was not about cost control but rather expanding access to care. The program’s backers claim that the price spiral they find themselves in was expected, anticipated, even if they didn’t actually have a plan for it.
That’s a revisionist’s tale. In early 2006, the plan’s backers — led by then Republican Gov. Mitt Romney — adamantly asserted that his plan would in fact control costs, provide universal coverage and improve the quality of care. (If this sounds familiar, it’s because Obama’s team borrowed the marketing scripts.)
Disinterested outsiders predicted that both prices and total costs would most likely increase under the government-dominated system, since massive new demand, reimbursed at the lowest prices, would be forced on a fixed supply. They were shouted down by insiders vested in getting the reform passed.
Guess who was right? :)
Three years prior to reform, insurance premiums for employers were increasing 3.7% more slowly in Massachusetts than in the rest of the country.  Today, the opposite is true.  Prices in Massachusetts are increasing 5.7% more than in other states. In Boston, prices for employer-provided family plans are increasing 8.2% faster than in other large metropolitan areas.
“Because the plan’s main components are the same as those of the new health reform law,” the study’s authors note, “the effects of the plan provide a window onto the country’s future.”
But it’s “fair”. :)
******
ILLEGAL IMMIGRATION & BORDER SECURITY
While President Obama was meeting at the White House with The Congressional Hispanic Caucus and other Hispanic activists, he sent a Power Point presentation that said virtually nothing to Gov. Brewer.
Now he’s going to make a Campaign Speech tonight on it.
I know I’m excited! :(
WASHINGTON — President Barack Obama hopes to rally new momentum behind the push for an immigration overhaul by explaining why he thinks a comprehensive approach is the only way to fix what he and others say is a system badly in need of repair.
(aka Sen. Jon Kyl’s “hostage” comment) Do it my way, that benefits me or not at all.

Obama was laying out his rationale in a {Campaign} speech Thursday, his first as president on the issue.
Obama wasn’t expected to announce any new proposals or policy changes. But feeling pressure from a range of supporters, he was aiming to jump-start the effort he had promised to make a priority in his first year and which advocates had hoped would be completed by now.
aka “Amnesty”.

The speech follows up on back-to-back meetings Obama had with advocates and lawmakers at the White House this week.
Gov. Brewer got 20 minutes crammed into the schedule at the last minute and then a Power Point presentation nearly a month later. :(

Obama has said a comprehensive solution means “accountability for everybody” — from the U.S. government meeting its obligation to secure the border, to businesses facing the consequences of knowingly employing illegal immigrants, to those who enter the country illegally owning up to their actions before they can begin the process of becoming citizens.
Has anyone told Labor Secretary Hilda Solis who a week ago put out a PSA saying if your Illegal and being treated or paid unfairly to giver her a call and The US Dept. of Labor would help you out??

Recent developments on immigration influenced his decision to give a speech, White House officials say, most notably Arizona’s enactment of a tough anti-immigrant law and protests across the country against it.
“He thought this was a good time to talk plainly with the American people about his views on immigration,” spokesman Bill Burton said.
Talk Plainly, Obama? Now that’s a novel idea.
Is he even capable of that?
NO.
Oh, and there’s that pesky LAWSUIT against SB1070. You know the one where we are “racists” and “misguided”. :(
So this is a campaign ploy.
As everything else is.
He looks tough.
He panders to his base.
The Ministry of Truth slobber all over him.
Liberal go all mushy.
Then nothing happens.
But it looks good.
And he wants “to do something”. Or at least look and sound like it.
Sound and Fury, Signifying Nothing!  (Richard III)