Obamanomics

[Alaska Darin]

1.7% would do next to nothing to improve that 0.73% number.

"We doubled GDP growth!"

[Nanker]

Elections have consequences.

Obama knows **** about the economy, consequently, we're all suffering an economic malaise.

The idiot now says he wants to lower corporate taxes - with which to essentially buy jobs in the private sector.

Great. Hey, Mr. CEO. I'll give you a $2,000 tax credit if you use it to create a new job (which will cost Mr. CEO $80k).

[DC Tom]

Elections have consequences.

Obama knows **** about the economy, consequently, we're all suffering an economic malaise.

The idiot now says he wants to lower corporate taxes - with which to essentially buy jobs in the private sector.

Great. Hey, Mr. CEO. I'll give you a $2,000 tax credit if you use it to create a new job (which will cost Mr. CEO $80k).

 

Because it worked SO well the first time, when they tried it with payroll taxes.

[IDBillzFan]

Because it worked SO well the first time, when they tried it with payroll taxes.

 

That was the day it became crystal clear to anyone who could complete a full sentence that the Obama administration had absolutely no clue about pretty much anything having to do with the economy and the private sector.

 

"Hey, if you guys hire someone you don't need for $40,000, we'll give you back twelve bucks. It's a win-win!"

[Lt. Dan's Revenge]

Elections have consequences.

Obama knows **** about the economy, consequently, we're all suffering an economic malaise.

The idiot now says he wants to lower corporate taxes - with which to essentially buy jobs in the private sector.

Great. Hey, Mr. CEO. I'll give you a $2,000 tax credit if you use it to create a new job (which will cost Mr. CEO $80k).

 

Well said, Nanker. Elections most certainly do have consequences, and for the next 3+ years we are going to continue to see the consequences of the uneducated and misguided deciding Presidential elections. Lets just hope the GOP takes back the Senate in 2014 so we can be sure he doesn't do more damage than he already has. I think there's a chance of that happening. Arkansas just turned red with the announcement that Tom Cotton is seeking the Senate seat. He will not lose that election.

[KD in CA]

That was the day it became crystal clear to anyone who could complete a full sentence that the Obama administration had absolutely no clue about pretty much anything having to do with the economy and the private sector.

 

"Hey, if you guys hire someone you don't need for $40,000, we'll give you back twelve bucks. It's a win-win!"

 

And by the way, here's the phone book sized instruction manual for how to claim your 12 bucks. Should only cost you a few thousand dollars in staff time to figure it out. Don't forget to retain all the records for the next ten years.

 

We hired several people during one of these idiotic 'programs' a few years ago and didn't even consider going through the gyrations to seek out 'benefit'.

[/dev/null]

And by the way, here's the phone book sized instruction manual for how to claim your 12 bucks. Should only cost you a few thousand dollars in staff time to figure it out. Don't forget to retain all the records for the next ten years.

 

We hired several people during one of these idiotic 'programs' a few years ago and didn't even consider going through the gyrations to seek out 'benefit'.

 

You should have applied for an EBT instead. It's much easier, they just give you a card and tell you which day is your monthly Christmas

[B-Man]

Obama's Creeping Authoritarianism: Imposed law replaces checks and balances.

 

by Daniel Henninger

 

If we learned anything about Barack Obama in his first term it is that when he starts repeating the same idea over and over, what's on his mind is something else.

 

The first term's over-and-over subject was "the wealthiest 1%." Past some point, people wondered why he kept beating these half-dead horses. After the election, we knew. It was to propagandize the targeted voting base that would provide his 4% popular-vote margin of victory—very young voters and minorities. They believed. He won.

 

Every president since George Washington has felt frustration with the American system's impediments to change. This president is done with Congress.

 

The political left, historically inclined by ideological belief to public policy that is imposed rather than legislated, will support Mr. Obama's expansion of authority. The rest of us should not.

 

 

Mr. Obama and his supporters in the punditocracy are defending this escalation by arguing that Congress is "gridlocked." But don't overstate that low congressional approval rating. This is the one branch that represents the views of all Americans. It's gridlocked because voters are.

 

{snip}

 

And to be sure, the other purpose of the shafted middle-class tour is to demolish the GOP's standing with independent voters and take back the House in 2014. If that happens—and absent a more public, aggressive Republican voice it may—an unchecked, unbalanced presidential system will finally arrive.

 

A final quotation on America's system of government: "To ensure that no person or group would amass too much power, the founders established a government in which the powers to create, implement, and adjudicate laws were separated. Each branch of government is balanced by powers in the other two coequal branches." Source: The White House website of President Barack Obama

 

<a href="http://online.wsj.co...Opinion_LEADTop

[B-Man]

 

 

[DC Tom]

The political left, historically inclined by ideological belief to public policy that is imposed rather than legislated, will support Mr. Obama's expansion of authority. The rest of us should not.

 

As long as it's imposed by the left.

 

Because, y'know, they went apeshit over Bush's signing statements.

[B-Man]

 

So, about Obama’s goal to double U.S. exports…

 

The Obama administration had early on set some goals to boost U.S. exports, but with weak U.S. economic growth and an ever weaker global economy, their erstwhile goals are falling tragically short. Via the AP:

Back in January 2010, President Barack Obama set a lofty goal of doubling U.S. exports in five years. With just 18 months to go to 2015, that target seems to be slipping beyond reach and has vanished from White House talking points. …

 

Monthly export numbers have been mostly stagnant this year. And only a scant 6,000 manufacturing jobs were added last month, according to Labor Department jobs statistics released Friday.

 

“The goal of doubling exports keeps getting harder to achieve, not easier,” said Alan Tonelson, research fellow at the U.S. Business and Industry Council, which represents about 2,000 mostly family owned manufacturing companies. “We’re actually backsliding, not making progress.”

 

Paging the Obama administration: I have a super-neat idea for how we could make some money and boost our economy with exports: Do you think maybe you guys could quit dithering around on finally issuing those natural-gas export permits for which multiple companies are currently clamoring hand-over-fist?

Edited August 3, 2013 by B-Man

[B-Man]

 

 

 

 

 

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[Magox]

Well said, Nanker. Elections most certainly do have consequences, and for the next 3+ years we are going to continue to see the consequences of the uneducated and misguided deciding Presidential elections. Lets just hope the GOP takes back the Senate in 2014 so we can be sure he doesn't do more damage than he already has. I think there's a chance of that happening. Arkansas just turned red with the announcement that Tom Cotton is seeking the Senate seat. He will not lose that election.

Ya, Cotton most likely will win... However, his foreign policy is part of the old neo con guard, and I believe it is becoming more and more clear, that it has proven to be a failed route.

[B-Man]

Submitted without comment, just a shake of my head....................

 

 

Congressman Keith Ellison: “There’s plenty of money, it’s just the government doesn’t have it.”

Ellison was discussing his “Inclusive Prosperity Act” measure at the July 25th Progressive Democrats of America roundtable in Washington.

 

“The bottom line is we’re not broke, there’s plenty of money, it’s just the government doesn’t have it,

” Ellison continued, “

The government has a right, the government and the people of the United States have a right to run the programs of the United States. Health, welfare, housing – all these things.”

 

The “Inclusive Prosperity Act” would levy a sales tax on the trading of stocks, bonds and derivatives.

 

 

We can induce from Ellison’s comments that he believes the government cannot go broke so long as money remains in the private sector to be taken. In other words, your money does not belong to you. The state allows you to keep what you have and reserves the right to seize it for redistribution.

 

Benito Mussolini would be proud. The Italian dictator who coined the term fascism defined it as a system of government where the state exists for its own sake, subordinating the individual. Like Ellison, Mussolini spoke of the state as though it were a person, elevating its “will” above that of the individual. Ellison ascribes “rights” to the government — to “the people of the United States” — while denying the property right of individuals.

[/dev/null]

Submitted without comment, just a shake of my head....................

 

Forward!

[OCinBuffalo]

Ya, Cotton most likely will win... However, his foreign policy is part of the old neo con guard, and I believe it is becoming more and more clear, that it has proven to be a failed route.

It's a failed route because it's US interests are not the star in that show. Israel's are. That's why it used to be hilarious to hear our liberals throw around the word "neo-con", with no idea what it actually means.

 

They don't do it as much anymore. I think the few smart ones told the masses of dumb ones they were making fools of themselves, by disparaging people who are 80% ideologically identical to most Democrats. So, yeah, they were literally making fools of: themselves.

 

And, hilariously, by attacking the "neo-cons", they made room and gave rise to both the old school conservatives, and the Libertarians. They created the opening for the Tea Party, and then Obama's consistent dumbness practically ensured it.

 

It remains to be seen whether the Jews, both here and in Israel, will end up being sucessful in bringing more democracy to their region, and in doing so, making themselves safer. For a time, our interests and their coincided. But, I think that time has passed. Our politiicans have realized the diminshed marginal return of Jewish campaign contributions vs. yet another war in the middle east.

 

Cotton's campaign will be interesting as a litmus test of all of this.

[B-Man]

Recovery Over; Was It Good for You?

 

Is it possible that the U.S. economic recovery is currently, at this very moment, moving at the fastest pace at which it will ever move?

 

The BEA GDP growth figure for 2Q13 was +1.7%, meaning that the United States economy grew 0.425% over that period. That is about half of what we might like. Bill Gross at PIMCO, among others, has been advancing the proposition that this low-or-no growth is the “new normal” for the United States.

 

My prediction is that his 2009 missive by that title will be remembered for a very long time. His post-election letter questioned “Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren’t enough of those jobs. A structurally higher unemployment rate of 7% or more is the feared ‘whisper’ number in Fed circles.”

 

All manner of things change in a low-or-no growth economy, especially the relative attractiveness of predation as an economic modality. Over a sufficient period of time, this transforms the great lie of liberalism–that your neighbor’s success is the cause of your poverty–into a terrible truth. We aren’t there yet. The consensus among the money managers I know (and the ones I overhear in the cafes of Palo Alto) is that we are still in a tepid recovery, slowly climbing our way back to our historical growth metrics. But what if this is as good as it gets?

 

 

Continues at link: http://www.powerline...he-recovery.php

[dayman]

Continues at link: http://www.powerline...he-recovery.php

 

I doubt we will hit "historical growth metrics" any time soon. When we do it will be considered a boom and not a return to historical growth levels.

[Chef Jim]

Continues at link: http://www.powerline...he-recovery.php

 

Yeah, these are the same experts that said tech stocks growing at 80% and homes increasing by 25% per year were the new normal too.

[Tiberius]

Well, when you have to clean up Bush's mess of an economy, things like this will happen. I see Ford's stock is up 70% this year though! Good job Mr. President!