George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

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When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each.

As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a recession that began at the end gwbushof Clinton’s tenure in the Oval Office. The 2001 Economic Growth and Recovery Tax Act was Bush’s version of Obama’s stimulus plan. But instead of subsidizing a vast expansion of government and creating a lot of temporary government jobs, it cut tax rates increased the standard deduction for married folks, increased the child tax credit and increased contribution caps for a bunch of different savings programs.

And what did that do?

According to the National Center for Policy Analysis, the recession ended in November ’01. Of course 9/11 hit and the economy slowed way down again and it was coming back at a very anemic rate. So enter the Jobs Growth Tax Relief Reconciliation Act of 2003. It bolstered the ’01 tax cuts by focusing on dividends and capital gains.

What was the result this time?

Those “tax cuts for the rich” enabled the rich to pay MORE taxes in 2005 than they did any time in the previous two decades. You read that right, more than in the prior 20 years. In fact, the Wall Street Journal reported that those Bush tax cuts showed the richest of the rich – that famed “1%,” went from paying 25% of all income taxes in 1990 to 39% in 2005. The wealthiest 5% went from paying 44% of all income taxes in ’90, to paying a staggering 60% of them in 2005.

Isn’t the left always repeating that they wish the rich would just pay what they’re supposed to? Seems to me, they’d be a big fan of the Bush tax cuts, then. In fact, if you go back farther to 1980 and look at the numbers, with the top marginal tax rate at 70%, the wealthiest 1% paid 19% of all income taxes. Under Bush with the top marginal at 35%, they pay more than double that 19%.

The economy went from being near a standstill at 0.3% growth in 2001 to 2.5% just the next year, and by ’04 GDP was growing at its highest rate in 20 years. Correspondign to this, the unemployment fell to the lowest levels since WWII.

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Did you catch that? The Bush tax cuts created the lowest unemployment levels – ever.

But you’ll never hear that in the main stream media, they’re too busy bashing Bush and covering for their ideological leader.

Speaking of President Obama, what exactly are the results of his economic approach?

Well, in November of 2obama finger011  the Congressional Budget Office downgraded its estimate of the benefits of the American Recovery and Reinvestment Act, or the ’09 stimulus spending package. The CBO says that it MIGHT have sustained 700,000 to 3.5 million jobs during it’s peak in 2010, but over the long haul, it is going to be a net drag on the economy.

Then in 2012, the CBO revised that estimate to between a paltry 200,000 and 1.2 million jobs. If we take the very optimistic number of 1.2 million jobs created by the stimulus, then each job cost the taxpayers $692,500.

Fast forward to 2014, and gues what? Looks like the CBO was correct. But what else did they say?

They said that it DID positively affect the economy in the short run, but adding all that extra debt is keeping out private investment and “will reduce output slightly in the long run…”

The Congressinal Budget Office continued to re-evaluate the stimulus every three months, so its estimates for the cost of Obama’s stimulus have varied from 787$ billion to a high of $862 billion. And the CBO has changed its model for the stimulus’ spending’s direct impact on the economy, showing that ARRA did less than first estimated.

Basically, the CBO states that for every dollar of federal spending, it “crowds out” about a third of a dollar of private spending. And this tells us what we all already knew, the best thing that government can do to put Americans back to work and get the economy pumping is to just plain get out of the way.

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Obama’s Stimulus Package? We Are Still Paying For Obama’s Cronyism: Chrysler Plants in Mexico, Bankrupt ‘Green Energy’

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The “official” Porkulus Logo!

America’s Great Recession officially ended a few months after Barack Obama was inaugurated President in 2009. With a Democrat majority in both houses of Congress, he had no problems getting approval for nearly $800 billion to “stimulate” the economy. More than four years later Americans are still waiting to see their economy stimulated. President Obama took the most pride in his “saving” of the auto industry and his investments in “green” technology. Let’s see how his entry into venture capitalism has worked out for those of us who footed the bill.

Saving the Auto Industry

Remember how President Obama, during the 2012 election campaign, bragged that he saved General Motors and Chrysler and said that Mitt Romney would have let them go bankrupt? THEY DID GO BANKRUPT! What Obama did was unilaterally break our nations bankruptcy laws and he personally decided who the winners and losers would be. The winners, of course were his crony union supporters. And, the big losers were the American taxpayers to the tune of several billion dollars. Since America came to the rescue of General Motors, General Motors has rewarded America by investing and sending jobs to China. And, Chrysler, after being saved by Obama with your money, was bought up cheap by Italian car maker Fiat. So Chrysler is no longer an “American” car maker. My good friend at the Spellchek blog did a post recently highlighting how this now foreign company is rewarding America for its largess. Here is a quote he used of Chrysler’s CEO, Sergio Marchionne:

All of this would not be possible without the extraordinary spirit of collaboration we have found in both the federal and state governments…

Does that make you feel all warm and fuzzy? Not so fast. Mr. Marchione’s gratitude was directed at the federal and state governments of Mexico; not the US. Why Mexico? Because that is where Chrysler is going to invest their money:

AUBURN HILLS, MI- Chrysler Group LLC is investing about $1.25 billion in two facilities in Mexico.

Chrysler CEO and chairman Sergio Marchionne confirmed the amount Thursday at the dedication of Chrysler’s new Van Assembly Plant in Saltillo.

About $1.1 billion of the total investment was to construct the new plant, which started producing the Ram ProMaster van in July. The additional $164 million will add a new production line to assemble Tigershark engines at the Saltillo North Engine Plant.

Read more:http://www.mlive.com/auto/index.ssf/2013/10/chrysler_confirms_12_billion_i.htm

I don’t hear President Obama bragging about that. Which reminds me, how many times during Obama’s campaign did he brag about saving Detroit? Hows that working out for you, Mr. President?

Obama’s Green Technology Investments

I will not bore you with the long laundry list of Obama’s green energy and green technology flops. One would be hard pressed to find one that was successful. But, I do want to share with you the latest Obama investment to go south. I’ve only seen this reported in one place, the Inform The Pundits blog. This time it is a company by the name of ECOtality, which received DOE grants of $115 million to, among other things, produce electric car battery chargers and distribute them around the country. The company has gone bankrupt and has been liquidated. The CEO at the time the rants were made was another Obama crony, Johnathon Read. Mr. Read suddenly resigned last year and has disappeared. He is under investigation by the SEC for insider trading. Here is some of what AZ Leader at Inform The Pundits reported:

President Obama has a dream to transform the U.S. economy into a 21st century green energy bonanza. Barack Obama perceives himself as saving the Earth from the ravages of a looming global warming catastrophe.

He’s directed well over $100 billion to the cause. ECOtality got at least $135 million of it.

ECOtality was enlisted to help fulfill a 2008 presidential campaign promise to put a million plug-in hybrid electric cars on the road by 2015.

Jonathon Read, on the other hand, is a political opportunist; a scoundrel.

Read converted a tiny industrial cleaning fluids company into President Obama’s flagship of the electric car charger industry.

He did it through campaign donations to Democratic candidates, lobbying in Washington DC, and schmoozing politicians.

Read wanted to cash in on government green energy contracts. He snagged $143 million in government investments and put millions of those dollars into his own pocket.

Read absconded with $5 million or so for himself.

So, how much was recovered from the liquidation process?

ECOtality was sold in three chunks:

Asset Price Buyer
Blink Network $3.335 million CarCharging Group
eTec Labs $750 thousand Intertek
Minit-Changer $250 thousand Access Control Group
Total =  $4.335 million

$4.335 million was salvaged on court filed estimated debt between $100 and $500 million!!!

All DOE taxpayer money given to ECOtality were grants that don’t have to paid back!!

And, for the 8000 or so owners of Chevy Volts and Nissan Leafs that bought these battery chargers, it appears they will be SOL.

To your humble observer of the asylum we all have to live in, the only thing to be stimulated by Obama’s stimulus spending are the bank accounts of his crony friends.

Well, that’s what I’m thinking. What are your thoughts?

Original Post: Asylum Watch

Note:  Image added by Matt

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Fisker Motors Lays Off Most of American Workforce: Government, Mainstream Media Silent

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The official symbol of the Stimulus!

Fisker Motors was one of the more touted “green” projects funded by our government under the guise of “stimulus.”  They reportedly  received $200,000,000 in taxpayer money.  And, by the way, moved production to Finland…

Now, we have yet another example of what happens with Porkulus funding.  Apparently, an electric car maker got over a half a billion dollars-to build them in Finland.  

In a stunningly wasteful move, apparently made with no research, the Obama administration approved a loan to Fisker Karma, makers of sporty electric vehicles… that can’t even be produced in the US.

Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”

And what would yet another botched Obama green-jobs-stimulus measure be without cronyism… starring Mr. Green Fallacies himself:

The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty – and pricey – cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.

Of course, the ironically named Fisker Karma didn’t help, as the one purchased by Consumer Reports BRICKED!

And just like all of the other “green projects” that went bust, Tesla Motors has announced massive layoffs.  Stacey McCain has more on the Fisker failure…

Friday, we got the inevitable denouement:

Green Jobs: Taxpayer-Funded Fisker
Will Lay Off 75% of Workforce

Really, this is a drop in the bucket, compared to the “punch to the gut” unemployment situation, for the simple reason that Fisker never employed many Americans: Its U.S. workforce was only 200 people, of whom 160 got laid off Friday.

He also has some quotes for major players…

“This is seed money that will return back to the American consumer in billions and billions and billions of dollars of good new jobs.”
Joe Biden, Oct. 27, 2009

“With the help of UAW lobbying efforts for advanced vehicle manufacturing and federal dollars, the plant will become a production facility for Fisker Automotive, a new American car company that plans to produce 100,000 electric hybrid vehicles per year by 2014.
“GM’s former Wilmington [Delaware] assembly plant was selected for its primary global production facility based on its size, production capacity, access to shipping ports and rail lines, and skilled workforce.”
United Auto Workers, February 2010

“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.”
Sarah Palin, April 5, 2013

There is a disparity between what I quoted in 2010, and the number being quoted now.  However, 200 American jobs for $200,000,000 jobs?  And now, 160 of those jobs are gone?  So, $200,000,000 divided by 40 is $5,000,000 per job.  That, of course, doesn’t consider the jobs created in Finland, but it appears that those jobs are eventually going to go away as well.

I guarantee that if the Bush administration had provided this funding with the same result, this would lead every nightly news broadcast on the alphabet networks.  However, since this is the Obama administration, the story will receive little to no coverage.  And, if it does, some talking head at MSNBC will probably say that it was Bush’s fault anyway.


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Workers at Stimulus-Funded LG Chem Battery Plant Has Shipped no Batteries, Employees Play Cards

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When planning is centralized, the stupidity is concentrated in one place; namely the center.  The Porkulus funded many “green energy” projects.  Many of them, like the infamous Solyndra, have gone out of business.  Others, like LG Chem, haven’t closed shop, but they haven’t delivered any “product” either.  Breitbart has more…

An investigative report by WOOD TV in Holland, Michigan revealed on Thursday that workers at the LG Chem plant haven’t shipped a single battery yet because there’s no demand. People just aren’t buying Chevy Volts. Because they have no work to do at the plant, many of them are playing cards on the job:

Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies. 

They say it’s been going on for months. 

“There would be up to 40 of us that would just sit in there during the day,” said former LG Chem employee Nicole Merryman, who said she quit in May. 

“We were given assignments to go outside and clean; if we weren’t cleaning outside, we were cleaning inside. If there was nothing for us to do, we would study in the cafeteria, or we would sit and play cards, sit and read magazines,” said Merryman. “It’s really sad that all these people are sitting there and doing nothing, and it’s basically on taxpayer money.” 

Two current employees told Target 8 that the game-playing continues because, as much as they want to work, they still have nothing to do. 

“There’s a whole bunch of people, a whole bunch,” filling their time with card games and board games,” one of those current employees said. 

“There’s no work, no work at all. Zero work,” another current employee said. “It is what it is. What do you do when there’s no work?” 

According to the original post at Breitbart, President Obama visited this plant two years ago, touting their “green” investments.  However, with not a single battery being shipped, it’s an obvious failure, and a complete waste of taxpayer debt.

This reminds me of stories from the USSR and Red China.  The centralized planners there would build entire cities.  And the cities would rot, abandoned in place, because no one ever lived there.  It was waste on a massive scale, as it is in any centrally planned enterprise.

But it will be just fine once government controls all health care, right?

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Arthur Laffer: Economic Statistics, Some Matter and Some Are Deceiving

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At Real Clear Politics the other day, I came across an article by economist, Arthur Laffer in theWall Street Journal. the same Arthur Laffer whom developed the Laffer Curve during the Reagan administration. As I often do, I scanned the article and bookmarked it as a possible source for a post. Then this morning I had an e-mail in my in-box from Pat Slattery of The Free Market Projectsuggesting that I consider doing a post on an article by John Hayward about the Laffer article. And, I thank him. So, I will discuss both the Laffer and Hayward articles in today’s post on economic statistics.

Economic Statistics that Deceive

With good reason, we mere mortals, without a PhD, have to wonder if government agencies and politicians, including the President, are lying to us. Well, of course, they lie to us. That is a given. But, when it comes government generated statistics, they don’t so much lie to us as they don’t tell us all that we need to know. In other words, they tend to cherry-pick data to put the economy in the best possible. With today’s economy, that is more difficult than usual.

One example of government cherry-picking data is the reported inflation rate. According to the Federal Reserve, inflation is negligible. We know that is not true. The reason reported inflation appears low is that they do not include price changes in oil, gasoline, and food. The items that impact the budgets of 90% of the  population the most are not included in the calculation of inflation.

Anther example of the government only telling us part of the story are the monthly employment numbers. I watched a news video the other day Debbie Whatshername-Schultz say how proud she was of Obama because under his leadership we have had 29 consecutive months of job growth. PROUD!  Give me a break.! The workforce participation rate is getting smaller by the month! The July jobs report announced that non-farm jobs increased in July by 163,000. This was more than what was expected. The stock market went wild.  If you want to know what really happened with the jobs market, check out this article at PJ  Media and this article at Inform the Pundits. You will find out that there was a net loss of jobs in July. Just ask yourself why the unemployment rate increased to 8.3%?

So, with all the efforts to put our economy in the best possible light, our GDP is growing at an abysmal rate of 1.5%. That is pathetic! Let’s find out why our economy is so anaemic.

Some Economic Statistics Matter

The Obama administration, more than any administration in my memory, has based their economic policies on nothing more than tax and spend. Obama has set the all time record for government spending “crapweasels” like Paul Krugman and Democrats in general and the main stream media keep calling for more and more stimulus. (Crapweasel is a term Kurt Silverfiddlealways uses when referring to Paul Krugman.  It fits.)

One of the best ways to measure the success or failure of an economic policy is to look at the empirical results where that policy has been tried. This is exactly what Arthur Laffer has done and reports on his findings in this Wall Street Journal article and suggest that:

Policy makers in Washington and other capitals around the world are debating whether to implement another round of stimulus spending to combat high unemployment and sputtering growth rates. But before they leap, they should take a good hard look at how that worked the first time around.

Dr. Laffer looked at 34 countries that implemented stimulus programs after the 2008 financial crisis. The results weren’t very stimulating:

It worked miserably, as indicated by the table nearby, which shows increases in government spending from 2007 to 2009 and subsequent changes in GDP growth rates. Of the 34 Organization for Economic Cooperation and Development nations, those with the largest spending spurts from 2007 to 2009 saw the least growth in GDP rates before and after the stimulus.

There is a table in Laffer’s article show just badly stimulus worked for these countries. John Hayward in his Human Events’ article about the Laffer report, like this quote from Laffer:

Often as not, the qualification for receiving stimulus funds is the absence of work or income – such as banks and companies that fail, solar energy companies that can’t make it on their own, unemployment benefits and the like. Quite simply,government taxing people more who work and then giving more money to people who don’t work is a surefire recipe for less work, less output and more unemployment.

” a surefire recipe for less work, less output, and more  unemployment.” This reminds me of a conversation back in the eighties, to which I was present, between brother-in-law and two of his friends. They were all UAW members and employees of the Chevrolet plant in Flint, Michigan. They were all in their middle fifties and they had been doing some sharp penciling about whether it made sense for them to take early retirement at age 58.  They concluded that with their General Motor’s pensions and Social Security (in those days you could opt for early Social Security at a reduced rate at 58) that it made no sense to keep working 40 hour weeks for just a few hundred dollars more. I’m thinking that the same thinking applies to many of our citizens on welfare and other government assistance. They are likely figuring why should they take a forty-hour a week job when they can do nothing for only a few hundred dollars less..

John Hayward would add something to Laffer’s analysis:

The other obfuscating factor I would add to Laffer’s analysis is that government spending is treated as highly significant by the media, while private investment is either ignored or criticized.  The financial papers might carry tales of business success, and once in a while the public imagination is captured by a company like Apple… but none of that compares to the front-page, above-the-fold coverage given to huge government spending initiatives.

We know what Obama and his team are up to. With the support of the main stream media, they want to pull the wool over the eyes of those that still have a job (the majority of voters) by convincing them that the economy, however slowly, is steadily growing and now is no to change horses. Economic statistics do matter and it is going to be up to us, the conservative bloggers, to get the truth out there.  It won’t come from the media, that is for sure.

Well, that’s what I’m thinking. What are your thoughts?

Original Post:Conservatives on Fire

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O’Keefe Catches Union Bosses Supporting Digging Holes, and Filling them Back in-At Taxpayer Expense

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Remember the BS “projects” that the porkulus funded?  Like, Turtle Tunnels, fish sperm storage, and curb cuts where there were no sidewalks?  Well, James O’Keefe, the man who helped bust ACORN, has exposed some union shenanigans.  O’Keefe formed a fake company, who’s specialty is to dig holes, and fill them back in.  He also went to local union bosses for help.  The results are hilarious.  Here is the video…

OK, here is the part of the story that will be completely ignored.

THE FULL, UNEDITED FOOTAGE IS HERE!  

If this get’s covered at all, the union bosses will say, “out of context.”  Of course, with the unedited footage, that can’t be said, but that won’t stop anyone from pretending it doesn’t exist.

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Shovel Ready? $11,000,000 Spent-two People Helped!

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For government work, that’s a bargain, apparently.  We said that when the porkulus passed, that there would be tremendous waste and corruption.  So, when the following came to light, I was not surprised.  Michelle Malkin has more on the shenanigans in Detroit.  

Part of an $11 million grant intended to provide business attire to 400 low-income job-seekers instead helped only two people, an audit of the city’s Department of Human Services has found.

The audit, conducted by the city’s auditor general for the period from July 2009 to September 2011, found the department failed to control the operations and finances of a boutique that was to provide the clothes.

The department did not safeguard grant funds or create an inventory for the clothing, the audit found.
[…]
“The DHS was only able to provide the auditors with two referral forms signed by two clients documenting that they received clothing from the boutique,” the audit said. “Eligible Detroiters are not being served with available clothing being stocked in the boutique.”

The department did not give a reason for not reaching the goal of providing 400 people with clothes.

Detroit’s Department of Human Services must be a training ground forDepartment of Energy clean energy loan officers.

As rdbrewer pointed out at Ace of Spades, assuming the entire $11 million was earmarked for the job seeker “service center,” even if they met their goal of helping clothe 400 people in business attire, that would have still worked out to $27,500 per person. Where did they plan on taking these people to shop? Oscar de la Renta?

Yes, there you have it.  $11,000,000 spent to buy clothes for two people!  We probably shouldn’t go looking too hard for where all the money went, though it wouldn’t surprise me if some local Democratic party officials have nice new swimming pools and cars.

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And we need another Porkulus? To fund more cars from Finland?

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If you’ve been following the current debate over Porkulus 1000.0, you’ve heard a lot rehashed rhetoric from the original effort back in 2009.  Of course, we all know how that worked out…

  • Turtle Tunnels
  • Billions in funds going to Congressional Districts and Zip Codes that do not exist.
  • Solyndra
  • Fish Sperm
  • Curb cuts in places where there are no sidewalks
  • Increased unemployment
  • Lib organizations that claimed more jobs saved than their total number of employees
  • More money going to districts that voted for Obama, only to see their unemployment rates increase even more.
  • “Shovel ready” projects that were apparently not so “shovel ready.”
  • A trillion dollars in unsustainable debt.

Even the veep is in on the act, promising more rape if we do not pass the latest boondoggle.

Joe Biden’s Clock

Now, we have yet another example of what happens with Porkulus funding.  Apparently, an electric car maker got over a half a billion dollars-to build them in Finland.  

In a stunningly wasteful move, apparently made with no research, the Obama administration approved a loan to Fisker Karma, makers of sporty electric vehicles… that can’t even be produced in the US.

Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”

And what would yet another botched Obama green-jobs-stimulus measure be without cronyism… starring Mr. Green Fallacies himself:

The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty – and pricey – cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.

Don’t get me wrong, I have no animosity towards Finland, but why did our government give this company money, when they ended up going to Finland to build the cars?

But, if we let them do it again, it will be completely different, won’t it?

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Democrats & Independents Hardest Hit By Soaring Unemployment

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The unprecedented increase in unemployment has no doubt effected every U.S. citizen in one way shape or form. If you have not been laid off, then chances are you are close to someone who has been. You probably even have one or more within your family that has been let go in the past year. It touches the  heart to hear of loved ones losing so much and then struggling month after month to find a way to replace the lost income. But who has been hurt the most throughout this financial recession? Believe it or not, it is the majority of those who voted Barack Obama into the Presidency, it is the Democrats and Independents.

Back in January of this year, when the unemployment rate was at 7.6%, many blamed President Bush for the unemployment disaster. And while he did play his own part in allowing the first stimulus package and the buy out of many banks, it was made dramatically worse by President Obama. Obama did not allow the economy to simply heal on its own, he pushed to further the national debt, crippling the U.S. dollar, and all the while convincing many Americans that it was the proper course of action to stimulate the economy.

President Obama and the mainstream media has since then lied numerous times telling the public the economy is growing, that unemployment rates are improving, and that we are going in the “right” direction. This could not be further than from the truth. And yet, his loyal followers, who are taking the brunt of the economic crisis, still listen and believe with unemployment now at a staggering 10.2%.

Why is it that those who are suffering the most from this situation continue unfailing support of the Obama administration? Is it that so many have grown so dependent on the government that they are still encouraged by the empty promises of Obama? Perhaps it’s the vainess of sticking beside one’s own race without question? Or maybe it is like rooting for your favorite football team, no matter what you will go with your political party for better or for worse. Many Americans regardless of social standing do not like to admit when they have made a mistake. What ever the case is, I think it can be all of the above. Sadly, according to Rasmussen Reports it is Obama’s supporters, the Democrats and the minority population, that are being hit the hardest by unemployment.

The data collected by the Rasmussen Reports national telephone survey states:

“Data from Rasmussen Reports national telephone surveys shows that 15.0% of Democrats in the workforce are currently unemployed and looking for a job. Among adults not affiliated with either major party, that number is 15.6% while just 9.9% of Republicans are in the same situation.”

How do I know who supported Obama the most? As reported by BBC News on exit polls in their article Who Voted For Obama, he had the most support from first time voters, young voters, Democrats, and minority groups. And ironically, 62% of those who voted for Barack Obama cited that the economy was their main factor. Since his appointment to office, it has only worsened and regressed at a rate that no one ever thought possible.

What has our President that promised so much hope and change done to improve our economic woes? Why, he has made them far more and far worse. If you were in deep financial debt would you try to get out by spending more money? No, of course not. You would hunker down and take out the frivolous things in your life to make up the difference while paying back what you owe little by little. Yet, this administration instead took it upon themselves to spend not only our money, but our children and our grandchildren’s money, in the hopes of stimulating an economy that had already been overspent.

Those who were in financial trouble would have been better off to slip into bankruptcy and to lose a few jobs rather than to become slaves to the federal government who bought out their stocks to “save” them. No company is too big to fail. Instead, the deeds of the Obama administration has bankrupted the entire nation and left us in debt to other countries. In the meantime, those who provide the unshaken support of our President suffer the hardest in false hope that he will somehow rescue them by paying their gas and mortgage. Is the Democrat party so hungry for power that they are willing to make more people dependent on the government in supplying their every need like with this healthcare bill, giving them the power over our very health and well-being? It will spiral America into more economic hardship and leave us at the mercy of the country with the greatest stock in America (a.k.a. China). In a once Republic nation that is now resembling a socialist/communist country, how ironic that we look to China for support at this time. (Why else did you think Obama is spending so much time over there?)

http://www.rasmussenreports.com/public_content/business/jobs_employment/november_2009/democrats_unaffiliateds_more_likely_to_be_unemployed_than_republicans

http://www.rushlimbaugh.com/home/daily/site_111909/content/01125106.guest.html

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Porkulus Passes, Pigs Offended

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Porky is Offended
Porky is Offended

With the recent passing of the Porkulus package, and the impending signing by the messiah, there are rumblings from the agricultural community.

The civil rights organization, Porcine Beasts Against Defamation (PBAD), were the first to speak out via their spokespig, Porky

We at the Pppppppporcine Bbbbbeasttttttsssss…..PBAD, are outraged against this “ppppppork” spending by theggggggoverrrrnment.  This act of wasteful spppppending makes our members look wwwwwwwasteful and un….un…un…Just look bad.

The fallout expands beyond just barnyard animals, farmers too are concerned that the recent release of free “pork” will have a negative impact on pork futures.  This from Cletus Threeteeth..

This pork spendin is just gonna make our prices fall to nuthin’ (pauses to spit).  Teh gubberment is makin it hard on us small farmers wit all dat free pork commin outa Warshington.

It is unclear as to how PETA is reacting to these developments.  While they claim to defend animals from human “oppressors,” by releasing them into the wild (so they can be eaten by predators), they are also liberals.  One only questions if they are having a schizophrenic fit.

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