Saturday, September 8, 2012

Another Disappointing Month by a Disappointing President’s Failed Polices

(WASHINGTON)—Congressman Allen West (R-FL) released this statement this morning responding to the August 2012 jobs report:

“President Barack Obama and the Democrat party are pleading with the American public to give their party a second chance and the President a second term.


President Obama vows 'our problems can be solved' and he just needs 'more time.' Presidents seeking to renew their contract by the American people are judged on their record over their first four years in office, however, President Barack Obama wants an 'incomplete' and is asking the American people to trust him with another four years to accomplish what he could not accomplish his first term in office.

Although the President uses convoluted numbers to try and prove his policies are helping American families, today’s jobs report and the jobs reports for the past 43 consecutive months tell the real American story.


The hard truth Americans clearly understand is unemployment has remained above 8 percent for 43 months, and there seems to be no light at the end of this tunnel.


Today’s jobs report showing only 96,000 jobs created in August continues to keep America in the weakest recovery since the Great Depression. The labor force participation rate is at the lowest level in 31 years, while 368,000 Americans have been dropped from the labor accountability rolls.


President Obama stated with his own words when he was elected, that if he could not turn this economy around in four years he would be a one term proposition.
American families are being attacked from all sides with the policies of President Barack Obama, with stagnant wages, gas prices and health care costs soaring, and a national debt surpassing $16 trillion that will no doubt be paid back by our children and our grandchildren.

Americans need to ask one question, 'What will President Obama do differently if provided another four years with no real plan to turn this economy around?'  The numbers simply don’t lie.  The President and his policies are failing America.”

The Obama Index: The Newest Index to Measure Our Despair 

By: John Ransom  / Townhall.com / Finance

To give you an idea how bad the jobs report released on Friday is, consider this fact: The employment situation in the country is so bad that economists can’t accurately measure it with the existing tools they use to measure jobs. In other words, we have entered a period in our country not contemplated by economists. They simply don’t have the tools to measure what’s actually occurring in the jobs market.

Modern economists never imagined a scenario in which a country with as much wealth, power and innovation as United States could stretch out a jobs recession as long as the country has under Obama.

Economists please meet Barack Hussein Obama, record-setter. More debt, more spending, more regulation than ever before- and fewer jobs.

We have a record amount of money in the system doing a record amount of nothing right now. And still the government policy wonks keep thinking that by injecting more money into a system already over-burdened by its money supply we will eventually get different results.

Only Obama could preside over an economy with so much money that has produced so little return as our economy has since January 2009.

Never in the annals of human history have so many dollars done so little for so many.  

Yet the Obamunists keep calling for more money and more regulations.

The result is that investors today are still buying US Treasuries despite the fact that after calculating for the real inflation rate Treasury bonds are delivering net negative returns. In other words, investors choose to park money someplace where they are guaranteed to lose money. Because with Treasuries at least they know that their losses will be limited. If they invest in expanding businesses, they know they could lose their entire vig to the G-Men.

This phenomenon, where investors would rather have losses than any risk, has an effect on jobs.
        
As most of the commentariat is noting, the top-line unemployment number- the one that makes all the headlines- is going down not because of an improving jobs market, but rather because people are dropping out of the workforce at a record pace.

The 8.1 percent unemployment number is meaningless. It actually doesn’t exist. It’s like measuring an 8 foot board with a 12 inch ruler. Shortening the ruler doesn’t make the board smaller.

The rate at which Americans are participating in the jobs market is now 63.5 percent. More than one-third of Americans qualified to work have despaired of ever finding a job under Obama. That’s the highest number of Americans who have sat on the sidelines rather than look for work since 1981. For over a year the workforce participation rates have plunged, coinciding with expiring unemployment benefits.

And the problem is not that there is a lack of money in the system to sustain the economy. But there is a notable lack of demand. Demand comes from confidence that consumers and business feel about the health of the economy. Unlike politicians, those of us in the real world can’t spend what we don’t have. We have to manage our lives using the cash that we actually have at hand.

The problem here is not that businesses and banks don’t have money. Currently the money supply (MZM) stands at a record $11 trillion.  Yet the velocity at which the money has moved through the system has plunged under Obama. Money is sitting in accounts, not contributing to GDP growth, but rather just chasing the price of hard assets up because people who make decisions fear that the worst in the economy is yet to come.

Obamacare, Dodd-Frank, Sarbanes-Oxley, TARP, public pensions, John Corzine, Solydnra and the UAW have done a fantastic job of muddying the waters for corporate America as well as small business owners and the self-employed.

These hostile acts taken by or on behalf of Big Government have our economy idling in place.
    
Economic conditions are so bad that the standard tools used by economists to explain current conditions can’t measure the depth of the peoples’- or the economy’s- depression. Jimmy Carter had the Misery Index. People, meet the President of the United States: Barack Hussien Obama.

The Obama Index is the new index for measuring our despair.     
Op-ed:
The circus is over...let the election games begin
By: Diane Sori


Well it’s finally over...the 3-ring circus known as the Democratic National Convention is one for the history books.  And while this convention has been riddled with all sorts of odd characters and happenings, Thursday night’s performances were downright scary, because if these three people, Barack Hussein Obama, Joe Biden, and John Kerry, are what awaits us...our country is in BIG trouble.

While I expected and was prepared for Obama to get under my skin, it was actually Mr. ‘Swiftboat’ himself, Senator John Kerry who got there first.  

Kerry’s words were spoken as an audition for secretary of state, we all know that, but it wasn’t his actual words that infuriated me as much as his delivery of those words.  Political mudslinging is expected between candidates and their supporters, but what’s NOT expected is a man filled with such hate and contempt that he would completely and willfully twist facts in such a way as to make a good and decent man like Mitt Romney look like some sort of monster.

John Kerry crossed a line last night that most dare not cross.  The man who lied about his military service in Viet Nam, the man who has his ‘yacht’ docked and stored in Rhode Island to avoid paying higher taxes in his home state of Massachusetts, the man who has almost as much money as Romney (which he married into and did NOT earn on his own like Romney did) had the audacity to accuse Mitt Romney of pointing out everything wrong with Obama administration.

I always thought that’s what opponents do...oh well, I must remember cardinal rule #1...NEVER criticize the ‘anointed one.’ 

And while Kerry bloviated about Obama’s so-called foreign policy accomplishments, he did it not by praising Obama per se, but by voraciously tearing apart Romney’s foreign policy qualifications, which, while turning red in the face, he screamed over and over were zero.

But what Kerry so conveniently forgets is that four years ago Barack Hussein Obama had NO foreign policy experience and that if it wasn’t for George W. Bush’s policies Obama would not even have had a chance of getting Bin Laden. Bush devised the formula to takedown Bin Laden NOT Obama.

"Our opponents like to talk about American exceptionalism' but all they do is talk" Kerry squawked next.
  
Kerry claimed it took Obama's unique approach to the world, a more collective and deliberate style that came to be known as ‘leading from behind, to restore true exceptionalism, and "make America lead like America again."

Yeah right.  In reality, Obama’s so-called ‘unique approach’ is a One World Government with himself set for life as head honcho.

John Kerry’s distorted view of exceptionalism matches that of our failed president who’s turned our beloved America into something bordering on the unrecognizable to us.  John Kerry’s version of exceptionalism or should I say lack thereof, matches that of a president who bows down to our enemies; a president who apologizes for America and our military; a president who CUT our defense budget and veterans benefits; a president who stabbed our ally Israel in the back; a president who gives billions of OUR taxpayer dollars to terrorist groups like the Muslim Brotherhood and the so-called Palestinians; a president who cut NASAs budget so much that it  destroyed our manned space program;  a president who gave what amounts to amnesty to 800,000 ILLEGAL aliens; a president who has run up the national debt to 16 TRILLION dollars; a president who allows the removal of God from his party platform only to be put back in when the political tides turn against him; a president who...well you get my drift.

And the simple fact remains that American exceptionalism both abroad and at home was destroyed by Barack Hussein Obama, the man with a D next to his name, and no one else.  This man alone, with his failed policies and in your face anti-American stance, is the man John Kerry publically and with vile ugliness to his voice, championed as the savior of all things American.

As for Joe Biden, we always expect guffaws and misspeaks from this man but last night he pretty much stayed on task of reading his teleprompted words deviating only somewhat when he tried adlibbing here and there.  While Bill Clinton can pull the adlibbing off, Uncle Joe ‘Bite-Me’ really cannot.  His unscripted moments came off with him stumbling over some words and slurring others as he tried to paint a picture of Barack Hussein Obama as a leader of men, which he is anything but. 

We know, and believe me Biden knows, that Barack Hussein Obama is NOT respected by our brave men and women in uniform; men and women who expected their Commander-in-Chief to support them and their actions, but instead got a man who apologizes for all they do.  This is NOT what I’d call a leader of men.

And while Biden was Obama’s chief character witness, trying to portray Obama as a courageous leader who helped the nation turn the corner on a flailing economy, I couldn’t help but sarcastically laugh for how can a nation turn an economic corner when we still have almost 24 million Americans out of work.

Claiming Obama is not afraid to make tough decisions, Biden tried to put a downhome spin on Obama when he said, “I want to take you inside the White House to see the president, as I see him every day... because I don't see him in sound bites.  I walk down the hall, 30 steps to into the Oval Office, and I see him, I watch him in action."

Well Joe, what I see of Obama is a president who has done NOTHING to turn the economy around, a president who had a chance to put large numbers of Americans back to work with the Keystone Pipeline but refused for fear of upsetting his EPA buddies; a president who has taken jobs AWAY from real Americans and given them to now suddenly ‘LEGAL ILLEGALS’; a president who shoved a healthcare policy down the throats of people who don’t want it and can’t afford it; and a president whose vision of economic stability is called ‘redistribution of wealth.’

Yeah Joe, while you see the image of a president, I see the realities of the actions of a failed one.

It’s hard to follow the delusions of man like Joe Biden but the highlight of the evening, the one everyone, in a hastily downsized venue, came to see was none other than Barack Hussein Obama himself...our ‘anointed one’...our savior.

Strutting to the stage with that ‘look at me attitude’ of his, I was expecting a speech like no other, a speech delivering a hoped for round one knockout to Mitt Romney...a speech that would be one for the history books, but instead I listened to a rehash of his 2008 nomination acceptance speech.

Yet even with that it still had its moments when I wanted to throw something at the TV.

“This election will measure the record of the past four years. But more than that, it will answer the question of what kind of people we want to be” spewed Obama.

Yup, you’ve got that somewhat right Obama except you’ve got it in reverse...this election will measure the failed record of the past four years and will answer the question of what kind of people we do NOT want to be...now that’s more like it.

And the answer is simple for your very actions and your very ugly campaign tactics show us that ‘We the People’ do NOT want to be like you...a man whose narcissistic needs come at the expense of the middle class you hold back while you pander to what I call ‘the sponges of society’ just so you can be assured their votes.  NO Mr. Obama we do NOT want to be like you NOT anything like you.
 
“I won’t pretend the path I’m offering is quick or easy. I never have,” Obama said. “You didn’t elect me to tell you what you wanted to hear. You elected me to tell you the truth and the truth is, it will take more than a few years to solve problems that have built up over decades.”

Same old, same old...Obama blames everybody but himself for the mess we’re in...it’s getting old and it’s getting tiring.

“Have a surplus? Try a tax cut.  Deficit too high?  Try another.  Feel a cold coming on.  Take two tax cuts, roll back some regulations and call us in the morning” Obama droned on and on still NOT getting that  those who benefit from the tax cuts are the very ones that create the jobs for the 24 million unemployed.    

Cluelessness remains even after four years of being an empty suit sitting in an empty chair.

And when Mr. BIG government, Barack Hussein Obama, had the audacity to say he believes in self-government....when he had the audacity to say he stands by Israel, when he had the audacity to say that he was part of the rise of the Freedom Tower...and when he had the audacity to say that this country is better off today under his policies than it was four years ago, I knew I had had enough.

The bottom line of Obama’s speech remains for me, “Barack Hussein Obama ‘built’ the trouble we’re in... now let Mitt Romney fix it.”

As always, November 6th can’t come soon enough for me.