American Issues Column: Capitalistic Kindness, Socialistic Meanness

The main criticism of capitalism and the free-market is that they’re mean. But look at the states with socialistic policies and their unemployment rates and cost of living. Who is mean again? See the gory socialist numbers at American Issues…

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American Issues Column: Capitalistic Kindness, Socialistic Meanness

The False Promises of a Demagogue

- Scott Miller

Uh-oh… what happened to Super-O? According to Pravda (our MSM) all he had to do was say the word, and the seas would part, the economy would be tamed, and we’d be on the road to full employment in no time… that’s all we heard from the media when they were ramming though the so-called stimulus plan, right?

In fact according to the Obamarxist himself, he said that if Congress passed his $1.3 boondoggle spending plan, the unemployment rate wouldn’t go higher than 8%.

Well, Congress passed the porkulus bill, and we learned last week that the unemployment rate has jumped to 9.4%

But, but, but… wait… I thought The One said that the unemployment rate wouldn’t get past 8% if we put $1.3 trillion on big government’s credit card.. what the heck is going on here?

Well Obama tried to explain today… this from the AP:

Obama repackages stimulus plans with old promises

WASHINGTON – President Barack Obama assured the nation his recovery plan was on track Monday, scrambling to calm Americans unnerved by unemployment rates still persistently rising nearly four months after he signed the biggest economic stimulus in history.

Obama admitted his own dissatisfaction with the progress but said his administration would ramp up stimulus spending in the coming months. The White House acknowledged it has spent only $44 billion, or 5 percent, of the $787 billion stimulus, but that total has always been expected to rise sharply this summer.

“Now we’re in a position to really accelerate,” Obama said.

He also repeated an earlier promise to create or save 600,000 jobs by the end of the summer.

Neither the acceleration nor the jobs goal are new. Both represent a White House repackaging of promises and projects to blunt criticism that the effects haven’t been worth the historic price tag. And the job estimate is so murky, it can never be verified.

The economy has shed 1.6 million jobs since the stimulus measure was signed in February, far overshadowing White House announcements estimating the effort has saved 150,000 jobs. Public opinionof Obama’s handling of the economy has declined along with the jobs data.

For the first time, the administration admitted the economic forecasts it used to sell the stimulus were overly optimistic.

“At the time, our forecast seemed reasonable,” Vice President Joe Biden’s top economic adviser, Jared Bernstein, said Monday, explaining that the White House underestimated the scope of the recession. “Now, looking back, it was clearly too optimistic.”

By now, according to earlier White House economic models, the nation’s unemployment rate should be on the decline. The forecasts used to drum up support for the plan projected today’s unemployment would be about 8 percent. Instead, it sits at 9.4 percent, the highest in more than 25 years.

Some analysts believe the White House is still not being realistic, that Obama will be lucky if any real job creation from his recovery effort is seen by the end of the year, let alone the employment explosion he predicts.

“I think these estimates are overly optimistic,” said Arpitha Bykere, a senior analyst with RGE Monitor.

Obama spoke Monday about “modest progress” in the economy, citing fewer jobs lost last month than expected. He said he hopes to build on that in the months ahead with stimulus programs.

“We’ve done more than ever, faster than ever, more responsibly than ever, to get the gears of the economy moving again,” he said.

But he acknowledged, “I’m not satisfied. We’ve got more work to do.”

Americans apparently agree. Obama’s disapproval rating on the economy has risen from 30 percent in February to 42 percent, according to a Gallup pollcompleted May 31. Sensing weakness on a signature issue of Obama’s presidency, congressional Republicans are renewing their criticisms that the stimulus plan has not shown results, only mounting debt.

“This is President Obama’s economy, and his administration must provide results and specifics rather than vague descriptions of success that seem to change by the week,” House Republican Whip Eric Cantor of Virginia said. “The administration looks dramatically out of touch as they highlight the creation of temporary summer employment in the face of job losses unseen in decades, record unemployment and massive deficits.”

“Overly optimistic”… folks this is the same old crap sandwich that the politicians feed the American people time and time again. They paint a rosy scenario…that big government is the answer to the problem… if you just turn over a little more of your liberty… a little more of your money… everything will be AOK. As frustrating as it is for me to sit here and say, “I told ya so” … it’s even more frustrating to watch a majority of the American people fall for the stupid lines by the same stupid politicians  over and over again.

By the way, what is this “We’ve done more than ever, faster than ever, more responsibly than ever, to get the gears of the economy moving again”? That is nothing but complete and total BS! The only thing that they have done more than ever, faster than ever, is grow the size of government.

And that’s the key here… what the statists fails to understand is that government doesn’t produce anything. Every dollar government spends has to be taken from the productive private sector. Anyone with a little economic common sense can clearly see that when government spends our money, that not one single private sector productive job is created… instead they create government jobs that have to be paid for by the private sector… that never go away whether they are needed or not.

If Obama really wanted to create productive jobs in this country, he would be rescinding the so-called stimulus bill. He’d be dramatically cutting the size and cost of government. He’d be lowering taxes on capital formation. He’d be lowering taxes on the American people, as they will spend their money much more productively than any government can. He’d eliminate corporate income taxes, which is really just a back-door tax on consumers.

There is plenty that Obama could do to get the economy going again and creating jobs gaian… but he’s really not interested.

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The False Promises of a Demagogue

Obama: The First Black Jimmy Carter

- Scott Miller

When you think of Jimmy Carter, aside from a rabid anti-semite, what do you think?

For me, its:

• double digit unemployment
• double digit inflation,
• double digit interest rates (20%+)
• high taxes
• an onerous government
• high energy prices
• incoherent energy policy
• price controls
• weak on defense
• disastrous foreign policy
• and a blame America first mentality

Things were so bad economically during the Carter years that a new measurement of economic conditions was born, the Misery Index. It measures the toxic combination of high unemployment and high inflation… a one-two punch that leaves Americans facing the toughest real economic challenges… no jobs, and the cost of everything is outrageously expensive.

And since Pravda, and the Obama administration itself, can’t seem to keep his race out of national discussion… we’ll play along with their terms and call Obama the first black Jimmy Carter. I mean the guy seems to have taken all of Jimmy Carter policies, and put them on steroids.

Do we have double digit inflation yet… no, not yet, but it’s coming. Do we have double digit unemployment? Almost, and we are heading there shortly. This the AP:

Obama warns U.S. may face long-term joblessness

WASHINGTON (Reuters) – Americans could face higher unemployment for some time to come, President Barack Obama warned on Wednesday, underscoring the tough challenges the country faces even as the economy shows signs of stabilizing.

“One of the things that we’re wrestling is how do we deal with job creation and employment,” Obama said.

“The concern that we have is that even in a stabilizing situation there is the prospect of higher unemployment for some time to come,” Obama said, noting the decline of U.S. manufacturing and changes in the global economic picture.

The U.S. unemployment rate rose to 8.9 percent in April, the highest since 1983, following months of heavy job losses stemming from the global financial crisis.

You see, Obama is so arrogant he thinks that he can defy history. I mean, all he has to do is look to the Reagan years to see what policies lead to economic growth and job creation. Personal tax cuts. Business tax cuts. Reducing the burden of government regulation, etc.

Obama is moving in the exact opposite direction, yet expecting the same results that Reagan got. It won’t happen, and it defies logic.

Obama simply can not talk his way out of the laws of economics. When he forecasts doubling our nations debt over the next 8 year, an addition $10 trillion, there is simply no way to get out from under that massive of a debt, other than monetizing the debt (printing your way out of debt).

And by monetizing debt (massively devaluing the dollar), we will see massive inflation, and double digit interest rates… Obama’s own version of the Misery Index will be well in place by the end of his first, and as I predict, his only term.

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Obama: The First Black Jimmy Carter