Category Archives: Economy

“The Obama Curve”…

“The Obama Curve”

Okay, so can we finally acknowledge what the job numbers really and truly are? Of the 800 thousand plus households polled in the so-called “family survey”, most are underemployed. This means they have taken any part-time work out there to pay the bills. This also mean that folks with once sought after qualifications are helplessly adrift on the “Obama recovery” ocean. This brings me to my next point.

Every credible economist not on the Obama Campaign payroll will tell you, we must create North of 200,000 new full-time positions just to keep up with the rate of college graduation and population demographics. The U.S. economy created less than 120,000 jobs last month, and has been right around that number consistently for months now. This brings me to my last and probably most sobering stats.

More than 600,000 Americans who are able to work have simply given up and left the job market, lowering the percentage of labor force participation, an index measured by you guessed it, the federal government, from about 66.2 when President Obama took office to 63.6 percent now. When these hard figures are calculated back into the jobless numbers, which are actually a reflection of the “family survey”, the real unemployment numbers look more like about 13.9 percent.

So you tell me… Who is lying to who Mr. Axelrod??

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What’s in a number???

I know there are those Left Wing Lunatics who say Conservatives were actually hoping for higher unemployment numbers as a means to lambast the POTUS. Therein lies part of the partisan problem we are facing in our nation today. Despite the idiocy of such a broad and divisive assumption, the latest numbers from the Labor Department are definitely not what they seem. Sadly, those numbers  will most likely be revised, and dare I say, there may be questions about how they were calculated and by whom. To think that operatives inside “the fray” might manipulate statistics to cushion the blows President Obama took in Wednesday’s debate, is disheartening to say the least. Nonetheless, I have no hard data to support that assertion as yet, and so I will let it play out.

I would add however that if you calculate the miniscule jobs added per month since this “recovery” began, the alarming reality is that hundreds of thousands of Americans have simply walked away from the stagnant job market. When you add these poor folks back into the mix, you get an actual unemployment number North of 11 percent. To go one step further, as if we needed to, when we consider the dollar value per” job unit” against what this Administration has spent to achieve them, your knees begin to tremble with the realization that we may never ever be able to pay it forward.

Inevitably, when we start hearing words like “anomaly” and “unbelievable” from the mouths of folks like retired GE CEO Jack Welch regarding the most recent jobs report, one has to pause and brace for what may be more unprecedented tactics (cheating) on the part of the incumbents campaign.

What a crock/////

http://www.foxnews.com/opinion/2012/10/04/why-us-jobs-outlook-remains-grim/

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It’s only the first debate…

Just a couple of observations. (If) we are to believe the polls, Governor Romney did exactly what he needed to do and took the fight to the President. He was on message, articulate and described what is the most basic but important part of this election, “the vivid contrast” between two visions for America. And while the President did seem a bit disinterested and smug, that actually didn’t surprise me one bit.

Now I won’t get into why I feel the POTUS is not necessarily the “likable” guy many folks seem to think he is. I might just let the recently revealed tapes of a couple of very divisive speeches he made before he was elected speak for themselves on that matter. Consequently, I definitely got the feeling the Obama camp was trying mightily not to appear outside of that “likability” comfort zone. Let’s face it, Romney pretty much showed that’s really all they have. Arguably however, this is only the first debate. And judging from the “Shame Stream Media” response thus far, they will be out in full force today to spin this to the President’s advantage as best they can.

The simple truth is that in November, “We the People” will in fact have to do exactly what Governor Romney said last night, and choose between two very different ideological directions for our country. One thing is for certain after watching last night’s contest though, and that is neither of the candidates  attempted to hide theirs. Using only this as a benchmark, I score the night a tie.

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Re-elect the slate…

Gas and food prices continue to sky-rocket, foreclosure rates among the highest in the country, unemployment well above the national average, and a business climate not suitable for a sidewalk lemonade stand. So what do the Rhode Island voters have to say? “Re-elect the slate again”.

When Brendan Doherty enjoyed a 14 point lead in the polls, I told many of my like-minded friends not be over-confident, as the “perfect pandering politician” had not yet wound up his class warfare campaign machine of hate. And now that the “do nothing Socialist spitfire” who destroyed our home city of Providence has made quick work of Anthony Gemma, he may now turn his mean-spirited and propagandist lies in the direction of the retired State Police Colonel.

Look, it doesn’t take a rocket scientist to know that David Cicilline is the quintessential baby kisser when it counts. What’s sad is that Rhode Islanders appear to be game for “more of the same” yet again. A few folks on a campaign commercial talking about how these dolts came to their rescue for a photo-op, and presto, all is well in Little Rhody. Demonize the opposition by framing real and critically necessary solutions to monumental problems in the context of perceived “radical reform”, while simultaneously and shamefully scaring the collective crap out of old folks and those who don’t know any better, and you have a recipe for assured collapse of what is left of this pitiful state.

Sadly, I think Doherty will lose a close race, and the other Republicans will be pummeled by the rest of the entrenched leaches . And that as they say will be that for Rhode Island.

 

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More Rhode Island “Obamanomics”…

It’s always easy to find examples of the “Obama Recovery” here in my home state of Rhode Island. Ironically in a place so unfriendly to small business and plagued by some of the highest foreclosure rates in the country, Senator Sheldon Whitehouse, Congressman David Cicilline and part-time Governor Lincoln Chafee, were all out in force bragging about how the feds just coughed up another half million Chinese dollars to hire back employees at our local unemployment office. It just seems so utterly ridiculous, that in a state with over 60,000 unemployed, our local politicians are out there lauding the fact that wait times will now be less while on hold for the unemployment representative. The Obama Recovery, “hope and change” alright…

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The Eye of the Storm…

My wife and I renewed our wedding vows this past weekend and then traveled to our favorite Block Island Bed and Breakfast to recharge our batteries. It’s amazing how some quiet time on the beach can promote introspection. The ocean has always been a friend to me, and I’ve run back wounded to the sea many times. It also doesn’t hurt to be married to a like-minded soul. This trip had special meaning though, and our son’s future was a huge part of that. Things are changing in our country and I’m becoming more and more aware of what we as a nation seem increasingly comfortable with leaving behind. It’s almost as if there are forces at work lopping off huge chunks of our cultural identity and no one seems to care. Ironically, as we head back to the mainland and I turn on the news for the first time in a few days, I see things getting steadily worse, yet the President’s poll numbers are getting steadily better.

For too many reasons I’m sure, there is a growing segment of the U.S. population who are completely comfortable with barely an, or even no effort at all. These entitlement voters have either been convinced or have convinced themselves the “American Dream” is dead and buried, and they are now somehow owed their “fair share” at the expense of someone else who earned theirs. Social mainstays that are the foundations for all which has made us unique and exceptional, are now routinely manipulated and attacked as “out of touch” by revisionist anarchists with only selfish motivations. Progressive politicians are rewriting our founding documents in order to establish and maintain an environment were even change for the worse can be viewed as favorable so long as you can blame all the negative results on something or someone else. And the simple truths of God given and inalienable rights are called into question when they stand in the way of wealth redistribution and/or some perceived utopian fantasy world without accountability. Yes, it is a sad day in America when a man with as many secrets as President Barack Obama can slip in under the radar and alter the course of freedom, because so many Americans are asleep at the wheel, and still others have simply surrendered their reason at the altar of Left-Wing Progressivism.

Alas, I suppose I must continue the fight despite the growing number who continue to fly in the face of fact and history. I would tell you though, I think Kirk Cameron got it right at the end of the movie “Monumental”, a short film I think every American should watch with their children close by…

“The responsibility to secure freedom for my family lies in my hands. For 400 years we’ve had the strategy. We’ve got the game plan. And its produced a nation that is healthy strong and free. And every time we’ve strayed from it, we’ve suffered the consequences. The seed that grew this nation is faith in God. That faith produces character. A character that produces great courage. Courage to self-govern. Courage to guide and educate our children in the right world view. And the courage to elect today’s liberty men and women who will take the torch from our forefathers.The answer doesn’t begin at the White House, it begins at your house. I’m no longer gonna sit on the sidelines. I’m gonna get involved. And I know there are millions who feel like I do. As for me and my family we’re going this way. The way of our heroes, who fought against all odds and changed the world. The time is now. Join me, and together we will secure a monumental future for our children…” – Kirk Cameron —-Amen!

 

 

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OMG!!! The truth is so painful for the Left…

49 percent of Americans pay no income tax. 47 percent receive government assistance, more than half of which is (Welfare related). And nearly 40 percent of those who are able to work, are now unemployed or looking for work. Wake up people, this is the sad reality of President Barack Obama’s America.

Now I will argue till I’m blue in the face about who is responsible for these numbers, and I won’t absolve either party. But I also won’t cut off my nose to spite my face and continue down a failed path because some dolt thinks the President is a nice guy. Our children’s America is slipping away, and Barack Obama’s policies are providing additional ice. Lying about, or dismissing the facts for political gain is irresponsible and tantamount to purposely jeopardizing our kid’s future.

Message to the union hierarchy, Liberals and Progressives: Be careful what you wish for, you just may get it. And thank you Governor Romney for telling the truth and stating the obvious.

Oh, and shame on the “Lame Stream media” for getting wrong, (again)…

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Hooray, we’re #7!!!

My hero, the late Dale Earnhardt liked to say, “second place is just the first loser”. So what does that make us at #7 in the world when it comes to “global competitiveness”. Sliding for yet another year since this President took office, the “World Forum” has reported the United States’ decline from its coveted and long-held position of number #1, all the way to #7 and falling. The biggest reasons given, you guessed it. Out of control debt, as well as unemployment and economic instability brought on by a cavernous void of distrust of the federal government by U.S. businesses. We simply cannot continue down this road away from what has made us great.

The “Obama way” is not new you know. It has been applied by many a socialist politician as a feel good cure for a nation in trouble, and whose people seek change.  In fact, economic class warfare and a centralized all-powerful federal system, have been tried many times around the world, often with catastrophic and even fatal results. Just look around even today and see the chaos created by promises of utopia absent a real and viable economic plan for the future.

This is not just a headline people. This is what happens when you entrust a proven and profitable free market system, which in practice has been responsible for so much good in the world, to an inexperienced college ideologue, lost in the dreams of his Progressive mentors. He is attempting to fool you once again.

Vote accordingly…

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More inconvenient truths…

The fact that I’m writing more about Clinton than Obama these days does smack of some irony. Truth is, I’m only following the news cycle. I must admit, I did go back and look at the President’s speech, and like many of you I was not impressed. I found him to be unapologetic and flat, focused primarily on how lucky we are to have had him come along and be our President, but that’s just me.

Getting back to “Slick Willy”, I wanted to share a little more about what Mr. Clinton gave us during his time in the Oval Office, however this time more of the positive. The synopsis of Clinton’s second term successes is often summed up by his quick “right” turn after the 94 “Republican Revolution”. You see Bill Clinton, while he was/is no “Moderate”, did take something from both sides of the isles as a means to the end of his term. Welfare reform was mixed with daycare initiatives for working moms, and social issues were often overlooked as he moved toward spending cuts and a balanced budget. This brings me to what is clearly the big lie when comes to “Bubba”.

I am often lambasted in local publications and in person about the great Clinton era and how he also achieved a balanced budget when Republicans could not. But when I try and explain how he did it, the Dems run for the exits as if the building were on fire. Simply put, Clinton embraced and signed off on a huge (capital gains tax cut), which ultimately flooded the coffers with billions in unexpected revenue, and sped up the process to balance the budget by about 6 years, allowing it to happen in 1997. WHAT, A TAX CUT? This is just another one of those inconvenient truths #42 would rather have his “fans” overlook, among other things ;).

I just feel it’s important to have the proper perspective however, as we analyze not just the last 8 years, but the last 20. Kind of puts the whole “Bush bashing” thing in context now doesn’t it? Accordingly, Mr. Clinton left out a boatload of other “inconvenient truths” the other night. Good and bad, those “omissions” quite possibly would make Governor Romney’s approach look a whole lot more appealing than the current President’s plan for (4 more years) of the “definition of insanity”.

 

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The man behind “Hope and Change”…

In many ways, when it comes to politics there is much the politicians put past “We the People” in terms of complicated and often factually challenged information. However, every so often someone comes along and digs up some tangible stuff which then provides the necessary clarity and understanding. That is, if we chose to acknowledge and accept it.

Tucker Carlson recently reported on a very significant but mostly overlooked lawsuit from 1995 in which then “Community Organizer” Barack Obama, on behalf of 186 mortgage applicants, brought a class action lawsuit against Citibank. The suit claimed applicants were discriminated against during the bank’s mortgage evaluation process because they lived in depressed areas, and thus were not given home loans as a result. The long and short of the story is that Obama won and the bank was forced to issue loans to people, who otherwise would not have qualified, and who records would later show had no business getting “any kind of loan” at all. In fact many who were represented had bankruptcies and worse on their credit reports prior to and even during the process of applying to Citibank. In the end to date, just 19 of the original 186 managed to keep their homes. The rest wound up in foreclosure, bankruptcy or both.

Now that part of the story would seem to be the end, right? Wrong. This is where we get a glimpse of the man who would be President. Moreover, it tells us much about his political ideology, and personal belief systems. Firstly, Community Organizer Obama openly championed the cause of these people, as he noted they deserved their piece of the “American dream”. (Apparently this meant whether they could pay for it or not). And secondly, it was that very foolishness going on in the sub-prime lending market at the time, which was the real iceberg that sank our economy in the first place. Now you will hear the arguments back and forth about the Bush years, and how the wars also contributed to our debt, and I would welcome that comparative debate as it does have some merit. Nonetheless, we cannot ignore the real root causes of this mess, and the costly entitlement culture that has been haunting our economy for generations. To do so is to disregard the speeding freight train racing directly towards us in 2012.

I must say, there has not been an election cycle I can remember where so much information has been out there for the vetting. This is just one of many significant examples which validate a return to fiscal responsibility at the earliest juncture for our country. We simply cannot afford to dismiss this stuff. To every voter considering giving Barack Obama 4 more years I beg you please, do your homework and see the real man behind the slogan. Oh, and see the movie!

 

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