Category Archives: Economy
2009 Stimulus Priorities, 2013 Economic Realities
Within hours, Obama Apologist In Chief David Axelrod did the totally expectable … he blamed Republicans!
Never mind, Mr. Axelrod, that DEMOCRATS have had MAJORITY CONTROL in Washington, D.C., since January of 2007.
Republicans are SO SUPER EVIL and SO SUPER POWERFUL that we can stall Democrat Efforts To Do Good without even being in power! Heck, we can do it without even being in office, as they’ve pointed out so many times when whining about how George Bush is still mucking up foreign policy and the economy and Mitt Romney, Rush Limbaugh and Sarah Palin collectively manage to be responsible for everything from Benghazi to Michelle’s bad hair days.
But, snark aside … how about a reality check, mmm? Remember when Obama swooped into the White House back in January of 2009, declaring he was gonna FIX THE ECONOMY BUSH BROKE?
Job #1 was to pass The American Recovery and Reinvestment Act of 2009 — aka, Stimulus or Porkulus depending on which side of the aisle you prefer. President Obama signed the $787 billion worth of additional spending into law on February 17, 2009.
- The primary and immediate objective was allegedly to “save and create jobs.”
It’s simple to see what a total failure Porkulus was on the primary objective. This graph shows the percentage of Americans who have jobs cross-referenced with Republican vs. Democrat leadership in Washington. The green shadowed area shows the impact of Porkulus on job creation.
The secondary and more long-term objective was to “invest in infrastructure, education, health, and ‘green’ energy.”
Go back and look at that bridge. Fixing bridges is one of the things that falls under the “invest in infrastructure” category. You’d think an obsolete bridge that’s more than half a century old might’ve been pretty high on that Stimulus list, wouldn’t you? You’d be wrong.
As you ponder the above and read the list below, please keep in mind that EVERY DIME of the money spent on Porkulus was BORROWED from some future generation of taxpayers.
You’d think that stealing from your kids and grandkids would be something you’d do for only the direst of national emergencies, wouldn’t you? You’d be wrong.
Here are just some of the things that Obama Democrats robbed Baby Peters to grease the palms of Democrat Pauls:
- $389,000 to study the effects of malt liquor and marijuana
- $427,000 to research better video game design for senior citizens
- $447,492 on development and use of “African American English” among 70 adolescents
- $550,000 to replace windows at a Forest Service center that is closed
- $578,000 to solve the problem of homelessness in a town that had no homeless
- $700,000 to study how monkeys respond to inequality
- $712,000 to develop “machine-generated humor”
- $760,000 to develop interactive dance software
- $850,000 to study how paying attention improves problem solving
- $1,150,000 to replace a guardrail around an empty lake
- $1,900,000 to study ants
- $2,200,000 to install energy efficient skylights in an alcohol warehouse
- $3,400,000 to construct wildlife bridges for animals
- $9,300,000 to design robotic bees
- $11,000,000 to build a bridge for Microsoft’s headquarters
- $54,000,000 to relocate a bridge for the the Napa Valley Wine Train
I do not give a flying finger how wonderful or worthy any of these projects may or may not have been. They didn’t merit debting to pay for them. Period.
Sources:
Filed under David Axelrod, Democrats, Economy, Government Waste, Republicans, Unemployment
Wake up and smell the failure
If you still think the state of the economy is due to Republicans, you have not been paying attention.
When Democrats (including then-Senator Obama) took control of Congress on Jan 3, 2007, Republicans had been leading the country for TWELVE straight years and UNEMPLOYMENT was at 4.4%.
See more info about this @ https://polination.wordpress.com/2013/05/03/april-jobs-report/
Filed under Budget, Democrats, Economy, Republicans, U.S. Congress, Unemployment
Obama flushes more of our money down the toilet
Once again, the American public lost when the Obama administration attempted to pick “winners and losers” in the free market. Today the electric car company Fisker Automotive, which received nearly $200 million in taxpayer money, is laying off three-fourths of its U.S. workers.
The Anaheim, CA-based start up has failed at pretty much every level – especially when it comes to the company’s ultra expensive luxury electric hybrid, the Karma (what a name!), which is assembled in Finland and received a green-energy loan to transition the assembly to the U.S., something that never happened.
This losing tax-subsidized venture joins other past losers like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a “brick” when the battery completely discharges and then costs $40,000 to repair.
This is really just the latest manifestation of the administration’s crony capitalism as their green energy buddies benefit from this atrocious waste of taxpayer money. Americans really need to get outraged by these wasteful ventures. As we’ve seen time and time again, We the People are always stuck subsidizing the left’s “losers.”
So what’s the solution and where do Americans go with our outrage? Stand up against the crony capitalism and elect only those who understand and will let America’s marketplace dictate economic successes, instead of letting politicians (some who have never run any business nor even worked in the private sector) choose free enterprises’ winners and losers. Take a stand, friends. Nothing will change unless you do.
– Sarah Palin
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Filed under Barack Obama, Crony Capitalism, Economy, Energy, Environmentalism, Government Waste
Obama’s Fiscal Management
Back in 2008, while the war in Iraq was the big issue, McCain was ahead because people trusted him with national defense.
Then, the economy crapped out. Now, I’ve seen credible evidence that the timing of the crash was engineered by Democrats to win them the election, but that’s another story.
My point today is that the media spun McCain as an out-of-touch Rich White Republican who couldn’t possibly be trusted to fix “Bush’s” mess. We needed OBAMA.
Keep this is mind. He was elected primarily To. Fix. The. Economy.
H/t itooktheredpill
Filed under Barack Obama, Budget, Democrats, Economy, John McCain, Republicans
Obamanomics
Tweets @ #Obamanomics
- As ye sow, so shall ye reap.
- The “Bush” recession ended in June 2009. Everything since then is Obama’s failure.
- Obama has added more debt than Reagan and Bush combined, but it’s all the GOP’s fault.
- Obama is blaming GOP for HIS sequester plan.
- Leadership by Obama: Give me what I want or I will hurt people.
- Obama devalued the dollar, then claimed it created jobs.
- All workers can get by on 2% less take home pay in 2013, but US Government can’t do the same.
- Workers being reduced to 29 hours because employers can’t afford Obama’s fines.
- We should totally do what the EU does. Their unemployment is at 12%.
- Obama’s cap-and-trade agenda caused high gas prices.
- Southern California sees record one-month rise in gasoline prices.
- Cash for Clunkers made used cars scarce and expensive. Hurt the poor.
H/t Angelaisms
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Filed under Barack Obama, Budget, Democrats, Economy, Funny Stuff, George W. Bush, National Debt, Obamacare, Republicans, U.S. Congress, Unemployment
Today’s Illustrated Tweet Picks by CtH
- Getting shot by some leftist freak does not give you moral authority to disarm me.
- My Constitutional rights don’t go away just because somebody else abuses his. You don’t know this because you are stupid.
- Gabby Giffords is an expert on gun issues like I’m a doctor because I’ve had surgery. This is a dog and pony show for emotional appeal only.
- I am amused at the notion that to refuse to submit to Gifford’s views is somehow trashing her. The moral extortion ends now. Deal with it.
- Guns are the great equalizer during a violent confrontation.
- A woman in Great Britain is three times more likely to be raped than an American woman.
- Chicago pols blame rampant shootings on guns from Indiana and Iowa, which, mysteriously, don’t have rampant shootings.
- The Constitution is not outdated, it is just an inconvenience to Progressives. They hate it. I love it.
- Guns: Because We’re Not Gutless Losers Waiting For Someone Else To Come Along And Save Us.
- If you thinking hugging a terrorist will make him your friend, I’d hate to see you meet a feral hog.
- The U.S. economy posted a stunning drop in the fourth quarter. Thanks, Obama voters!
- Remember Obama’s tax hikes on the rich to pay natl debt? He’s already spent every cent.
- The fact that America is a nation of immigrants is literally irrelevant to the debate over what to do about illegal immigration.
- I’m really not interested in the opinions of any politicians from non-border states on illegal immigration.
- John Kerry was on the side of the communists in Vietnam and El Salvador. He should not be our Secretary of State.
- For the record, I have a lot of experience intensely disliking Hillary Clinton.
- Never 4get same MSM that gushes ovr Obama’s family, worked overtime to freak show Sarah Palin’s. Bad people.
- Conservative women talk about things like hard work and responsibility. Liberal women talk about their crotches.
- I launched a new dating service called eHonesty. You fill out a detailed profile & we explain why nobody will want you.
- Liberal Women will continue to vote for sexist pigs like Democrat ‘Look at the Ass On Her’ Bloomberg because they are spineless phonies.
H/t and drum roll to Angelaisms and Bob.
Socialist Death Spiral
As Maggie Thatcher famously opined,
“The trouble with Socialism is that eventually you run out of other people’s money.”
These 11 States now have more people on welfare than they do employed.
Last month, the Senate Budget Committee reports that in fiscal year 2011, between food stamps, housing support, child care, Medicaid and other benefits, the average U.S. household below the poverty line received $168.00 a day in government support. What’s the problem with that much support? Well, the median household income in America is just over $50,000, which averages out to $137.13 a day. To put it another way, being on welfare now pays the equivalent of $30.00 an hour for a 40-hour week, while the average job pays $25.00 an hour.
Sources:
Thatcher quote TRUE @ http://www.snopes.com/politics/quotes/thatcher.asp
The Comical Conservative @ http://www.facebook.com/photo.php?fbid=249393775193808
Filed under Economy, Margaret Thatcher, Medicare/Medicaid, Poverty, Welfare
ITooktheRedPill Corrects Democrat Lies
Republicans tried to prevent the sub-prime mortgage crisis.
It was Democrats who passed the Community Reinvestment Act, Democrats who expanded it, Democrats who cooked the books at Fannie and Freddie as other Democrats pressured banks to make more and more of those high-risk loans, and Democrats who prevented Republican attempts at reform:
Democrats Covering up the Fannie Mae, Freddie Mac [8:37]
As for employment, let’s look at the big picture.
EMPLOYMENT UNDER REPUBLICAN LEADERSHIP
For 12 continuous years, Republicans held majority control of Washington, D.C. (they held 2+ out of 3 of the House, Senate, and Presidency). During that time, the average level of employment over 144 straight months was 63.3%, and never went below 62.0%.
When George W. Bush took office in 2001, one could truly say that he “inherited” the economy, because he had not been a part of the Congress that helped create that economy. And what he inherited was the Dot Com bust, followed shortly thereafter by the 9/11/2001 attacks, which created an economic double whammy. Employment was decreasing in 2001, 2002, and early 2003, and it was not until the 2003 Bush Tax Cuts were signed into law that the economy turned around, employment rose, and tax revenues rose along with that rising employment.
- The low point of employment in 2003 was 62.0% in September 2003.
- By December 2006, employment was up to 63.4%.
Thanks in large part to the Bush Tax Cuts, the economy grew, employment grew, and tax revenues grew. Tax revenues in FY 2007 were a whopping 44% larger than FY 2003 revenues! That was the effect of Republican-backed policies.
Again, employment in the last month of the Republican majority was 63.4%… even after inheriting the Dot Com bust and the 9/11 attacks, Bush was able to turn the economy around and finish the Republican majority with an employment percentage that was slightly higher than the 12-year Republican majority average (which was 63.3%).
That improvement hit an inflection point when the balance of power shifted from Republican to Democrat on January 3, 2007. Democrats raised the minimum wage 3 times, in 2007, 2008, and 2009, and while may sound good to you, the fact is that whenever the minimum wage is raised, some people who would have been employed at minimum wage previously do not end up making more, but rather end up unemployed. There is a reason why youth unemployment is higher now than it was 6 years ago. The financial crisis of 2008 of course increased unemployment (/decreased employment), but again Republicans had warned of, and tried to stop, that crisis, but Democrats thwarted attempts at reform and additional oversight.
EMPLOYMENT UNDER DEMOCRAT LEADERSHIP
We’ve now had six continuous years of Democrats holding majority control of Washington, D.C. Average employment over those six years has been 60.0%, and we haven’t had a month above that average since February 2009. The average over the four years of Obama’s first term was 58.7%, and we haven’t had a month above that average since August 2009.
When Democrats in Congress took majority control on January 3, 2007, they inherited a GOOD economy. And you can’t honestly say that Obama “inherited” the poor state of the economy on January 20, 2009, because he had been a Senator since January 3, 2005 and had helped to create that economy. And even if you insist on blaming Bush for the economy that Obama “inherited” on January 20, 2009, the fact remains that the economy Obama just inherited from himself is far, far worse!
[Originally posted by Red Pill in comments @ https://polination.wordpress.com/2013/01/20/fake-dog-whistles/. Bumped up to blog status by CtH, cuz it needs to be trumpeted from every rooftop from now until the Kingdom Comes!]
Filed under Barack Obama, Democrats, Economy, George W. Bush, Republicans, Taxes, U.S. Congress, Unemployment
Texas leads the way
The Texas State Legislature begins its 2013 session with an EIGHT BILLION DOLLAR budget SURPLUS. How is that possible when the Federal and most State governments are drowning in red ink? Well, it seems that back in 2011, the Texas Legislature cut spending (what a concept) and allowed a fracking boom (ooh eeevil, providing cheap energy to Americans). Not only is the State government flush, but the jobless rate in Texas is at 6.2%. Read the rest @ http://news.yahoo.com/texas-legislature-wrestle-over-unexpected-budget-surplus-184800547.html
Sadly, Democrats care more about ideology than success, so don’t look for BLUE gummints to pick up The Texas Ball and run with it.
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Filed under Budget, Democrats, Economy, Energy, Unemployment
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