Saturday, April 28, 2012

Weak First-Quarter GDP Shows Failure Of Obmanomics

Economy: The first estimate for early 2012 is in, and it's not pretty. GDP grew just 2.2% — way below expectations. The "Obama recovery" the media keep touting is looking more and more like a fraud.
Since entering office, President Obama has presided over the worst recovery since the Great Depression. While the recovery began just four months after Obama took office, since then GDP growth has averaged just 2.4% at a yearly rate. Pathetic.
At a less-than-3% growth rate, the economy won't even create enough jobs to sop up the 130,000 or so people who enter the workforce each month, much less the 14 million or so who are officially unemployed.
Since the recession ended in June of 2009, the average number of jobs created each month has been 70,000. That's why the jobless rate has stayed above 8% since the early months of Obama's time in the White House.
And that's also why we have 1.6 million fewer jobs today than when Obama first stepped into office. Obama's policies have created a massive growth deficit.
In recent weeks, jobless claims have started to edge up again toward recessionary levels, with the four-week moving average last week rising 6,000 to 389,000.
Even so, the media have sold Americans on the idea that we're in a recovery, thanks to Obama's economic policies — which include $862 billion of "stimulus," soaring debt and annual deficits of $1 trillion-plus, green energy subsidies to bankrupt firms, a looming half-trillion-dollar tax hike, and a regulatory onslaught.
As such, the first quarter of this year was supposed to be a follow-up to last year's final three months, when the economy grew at a 3% pace.
After all, consumers were starting to spend. The automakers were rebounding from their slump, we were told. And record warm weather across the country meant there'd be a lot more construction and other weather-related economic activity.
Instead, we got another "disappointment."

Hunger Games 2012......or Rome

Gale knows his anger at Madge is misdirected.  On other days, deep in the woods, I've listened to him rant about how the tesserae are just another tool to cause misery in our district.  A way to plant hatred between the starving workers of the Seam and those who can generally count on supper and thereby ensure we will never trust on another.  "It's to the Capitols advantage to have us divided among ourselves," he might say if there was no ears to hear but mine.  If it wasn't reaping day.  If a girl with a gold pin and no tessera had not made what I'm sure she thought was a harmless comment. 


MORRIS:  The president is running an absolutely stupid campaign.  His campaign is based on the assumption of not appealing to the middle, not even regarding the middle.  He's just going after the left.  He's trying to re-create the coalition that elected him in 2008.  He's trying to re-create that environment.  Instead of using hope and change and uplift, he's using envy and fear and dislike and distrust.  In the course of it he looks horrible, his personal approval ratings are dropping.
Over the last few months, I’ve been talking about a choice we face as a country. We can either settle for an economy where a few people do really well and everyone else struggles to get by, or we can build an economy where hard work pays off again – where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules. That’s up to us.

Today, I want to talk to you about the idea that everyone in this country should do their fair share.
Now, if this were a perfect world, we’d have unlimited resources. No one would ever have to pay any taxes, and we could spend as much as we wanted. But we live in the real world. We don’t have unlimited resources. We have a deficit that needs to be paid down. And we also have to pay for investments that will help our economy grow and keep our country safe: education, research and technology, a strong military, and retirement programs like Medicare and Social Security. 

ARMENDARIZ:  I gave an analogy to my staff about my philosophy with enforcement.  It was kind of like how the Romans used to conquer little villages in the Mediterranean. They’d go into little Turkish towns somewhere, they’d find the first five guys they saw, and they’d crucify them. And then, you know, that town was really easy to manage over the next few years.

I like Mitt

Thursday, April 19, 2012

Tuesday, April 3, 2012

Supreme Court, just regular people?

The criticism of Obama is he never had a real job, never grew up like regular folks, therefore doesn't know to get jobs going in America. Same can be said of Romney by the way grew up very privileged life not the way most Americans grow up.
Well I thought I would look at our Supreme Court justices who are on Federal Health Insurance and have been most of their adult lives and see how they fare under the same scrutiny.
None of them has been in the real world after graduating from Harvard or Yale, never practiced law with real folks in the real world, just academia stuff in high courts, never really seeing the impact on lives of real hard working folks.
Sorry guys and gals Ii'm looking forward to the same old political sideshow 5 to 4 vote.
If this is unconstitutional the vote should be 9 to 0 or 8 to 1, and if it is then the vote should be the same.
By the way Clarence speak up, your being paid for life, we have a right to know your thoughts.