Destroying The Future Of America

Image Credit: Mattox Firearms school.comDemocrats continue to insist that they created jobs.  To do this they extracted trillions from our economic future in an effort to create jobs that did not yet exist–that perhaps were  not needed yet.  Looking at similar exercises, cash for clunkers–which moved car sales forward a few months but has since resulted in a collapse in the market; the home mortgage bail outs, supports, credits, and the "home affordable" programs which improved home sales briefly but which have since collapsed (also to historic lows); and then there’s the stimulus, several public sector employee bailouts, bank lending infusions, small business bills, and everything in between including health care reform–many trillions spent, all made with claims that they would create, save, or incentivize job creation.

Lets concede the possibility that some jobs were saved or created with money from the future.  Let’s also, for academic purposes,  concede the number of 1.4 million-3.3 million jobs saved or created ( quote from Paul Hodes campaign if that matters).  What happens now?  Even if we can agree to these figures the mathematical reality is that despite these efforts, and at great expense, we still lost more jobs than we saved or created.  Millions are still unemployed with hundreds of thousands more people working less, working shorter hours, or who have given up looking altogether just in the 12 months since someone declared the recession over.  We got a net sum loss with the price of admission, and that debt is now looming over our ability to sustain or improve the job picture moving forward because of the Faustian fiscal political calculation the democrats made in what now appears to be a series of vote getting scams gone horribly wrong.

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Obama’s unemployment rate

The latest numbers are out, and so is the use of the word "Unexpected" with an official unemployment rate of 9.6%.  After how much of Stimulus?

Lots of people will blame President Obama and certainly, he deserves all of the blame and shame that comes with seeking, winning, and using the Office of the Presidency in implementing his set of economic policies. Remember, however, that Democrats have controlled both the US House and the US Senate since 2006 – 4 years.  It is the US House that actually comes up with the tax and spend bills (although the Senate also votes on it and the President gets his say with either his signature or veto).

Thus, here in NH, we get to blame our US House Representatives (that would be Carol Shea-Porter and Paul Hodes) and our US Senator (Jeanne Shaheen) that voted for these economic policies.  Thus, they share in this result NO, THEY OWN THIS RESULT:

Obama Job loss

(H/T: ClusterStock)

What does it mean?  The worst unemployment picture EVAH.  Sure, President Bush started the ball rolling along with the Republicans that voted for his policies at the end of his term.  In effect, it has shown that Government control of the economy with Progressive fundamentals (like Pelosi’s insistence that unemployment checks and food stamps are the biggest boost one can give to an economy).

Under Progressive leadership, with their class hatred…

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The Lynch Budget Lie

Credit: Brookhaven National Laboratory 

A balanced budget is a technical term for making the numbers add up.  The amount you say you have to spend simply matches what you claim to have spent.  So if you borrowed some millions that you would later have to pay back, and you found a few hundred million more on the sidewalk (maybe in Washington DC), if it added up far enough to cover how much you spent, you could claim to have a balanced budget.

The difference is that being at zero, and owing tens of millions you never had is not balanced.  Add to that the reality that you now have a larger bill to pay every year but can’t expect to just find a few hundred million laying around every year, and you have what is called a structural deficit.  Your political lifestyle vastly exceeds your expected revenue.  Call it a state wide mortgage that exceeds our ability to pay it by hundreds of millions annually.

This is called incompetent.  It is also the Lynch budget.  And even though an account or two may have pulled in more revenue than expected, there is still a massive debt due in the next budget, created by democrats, and signed off on by John Lynch, with no money to pay for it..

Why else proceed in contradiction to the supreme court, on the politically poisonous path of robbing $110 million in private property unless you really need that 110 million to start stuffing the sink hole of a massive structural deficit.  And even if you get this one time money, where’s the line of suckers you plan to screw after you are done with them?

If we had a real surplus they wouldn’t need to rob the JUA fund.  They would drop the idea of selling off 60 million in state land.  In fact, they’d stop all the hand-wringing about the budget.  They have not.  The deficit is real.  And the democrats are to blame, and John Lynch and it is one more reason why John Lynch has been the governor for too long.

 

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Really? Summer of Recovery?

To the Editor:

Now that President Obama’s “Summer of recovery” is over, we hear that the recession ended in June of 2009.  Well, bless me, I guess that makes everything just fine.

But, what about the nearly ten percent unemployed?  The additional ten percent underemployed or discouraged workforce drop-outs?  The record levels of Americans in poverty?  The miniscule economic growth rate?  The media described President Bush‘s five percent unemployment rate as a disaster.  The media describes President Obama’s numbers as the “new normal”.

Unfortunately, if President Obama’s policies are continued, these numbers, and the personal disasters they represent, may be the “new normal”.  Few businesses will invest and hire people when they cannot estimate their expenses because of the many unknown costs of President Obama’s agenda, e.g., Obamacare, cap and trade, card check, executive compensation limits, personnel policies, taxation, etc.  What business executives will take risks when the government can declare a business “too risky and too important” and just take over the business, dismiss the executives, and wipe out investors as it did with car company investors?   

As long as President Obama and the other liberals (or “progressives” as some prefer) smear business executives and investors, create a treacherous economic environment, and…

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Housing Bubble Comes Home To Roost

I’m not sure why there is still any debate about who is responsible for the housing bubble and the ensuing crisis–which includes the recession that followed and the stagnation we are in now.  The Democrats new bill of rights, going all the way back to FDR, includes the right to own a home.  Since that … Read more

How To Save The World–Vote Out Democrats

The economic relationship between government, the private sector, and the people, has been the object of much debate as democrats try to convince people that spending trillions we don’t have has some kind of payoff at the other end. The fact that we can’t see that "end" and none of their predictions have come true fuels the fires of the opposition while encouraging proponents to claim we just need to wait a bit longer–or spend a few trillion more.

So here’s the rub.

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What’s wrong with this picture?

China has now overtaken Japan as the world’s second largest economic power.  The news came with the inevitability we have come to expect, given their record of 10% annual growth. This rise from poverty has never been equaled in world history. Two hundred years from now, historians will remember this as the most important event of our times.

At almost the same moment came the news that Germany’s economy is charging ahead, growing faster than any other European economy. It is being powered forth by the reforms they have undertaken in the last five years. Those reforms ditched the old European social welfare system in favor of smaller government, lower taxes, less regulation and more market freedom. Germany is no longer the sick man of Europe.

(Indeed, in recent days the Cuban government has announced that they will be laying off more than one million government workers while loosening restrictions on the private sector, and the Swedes have voted in a center right government with the same goals. The private sector has been asked to shoulder a greater role in the provision of education, health care and welfare services. The move to the right is also evident in Britain, Norway, Denmark and Finland.)  

And yet here in the United States, we are looking at the prospect of continued economic stagnation, fearful that we will continue to lose our manufacturing base while or infrastructure deteriorates, and less confident than we have ever been for our children’s future.

What’s wrong with this picture? Simply put,…

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Boom Baby! Milton Friedman Brings The Rain

I can’t thank Erik Erickson enough for posting this.   In two minutes Milton Friedman destroys Phil Donahue.  I don’t need to go on—let’s just enjoy it shall we?   Just look at Phil’s face. He’s beside his liberal self with nowhere to run. (updated)–I do want to point out, to Phil’s credit, that he is … Read more

So, President Obama, how’s yer job policy making out?

Having lived under Communism and knows what a centralized planning society, Vaclav Havel knows of which he speaks with this warning for America as Obama takes it towards that State (H/T: The Corner): The government has embraced an arrogant ideology. They claim to know the key to prosperity. It’s analogous to communism. They thought the … Read more

An interesting comparison between New Hampshire (GOOD) and Maine (BAD)

Which is better? Lower taxes, smaller state government, fewer state employees…or the reverse? Find out all about it here. (Hint: Even with the destruction brought down on New Hampshire by Gov. Lynch and the Democrats over the past six years, the Live Free or Die state easily outperforms our neighbor Maine in a comparison over the … Read more

Ann McLane Kuster….Let’s just Call Her McLuster

Uh Hee hee, duh!Ann McLane Kuster, aside from having another one of those pretentious feminist names like Carol Seiu-Porter, has demonstrated to us that she is just another shill for the left wing narrative.  The road map to shill-dom (the most current public version at the very least) was printed in this morning’s Union Leader under the headline “Yes, The Bush tax cuts did harm our economy” in the Another View section of the editorial page.  Yes, it is another view, and while I’m no fan of GWB, her view just happens to be a biased view that is also wrong.

 

Before I explain why, let me get this out of the way.  I’m not writing ‘Ann McLane Kuster’ anymore. It is pretentious and annoying, it takes too long to write, so I’m just going to shorten it to McLuster.    And she should thank me.  Combining names is so “all the rage.”  Just think Brangalina! 

McLuster is also the first of a two–word phrase often used by McDonald’s mangers when everything suddenly comes off the rails.  And based on the way she “sees it,” it’s a short stumble from her rhetorical notion of economics to another full-blown federally-mandated McLuster- %$#@!

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What does it take to kill a national free market economy?

About 100 years of socialist economics combined with institution of a welfare state appears like enough to do it. Start with the wannabe dictator, Franklin D. Roosevelt, and don’t repeal the damage done during his reign. Then have both Democrats and Republicans build upon and expand the damage whenever they’re in power. Finally, give the final push to collapse the economy. Then declare "a state of emergency" as elections approach….

Hey, I’m not saying it WILL happen. I’m just making the observation that this is how it COULD happen.

Or "might" happen.

This from the Washington Examiner, which publishes in the belly of the beast in Washington, DC:

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I’d rather have the suit AND the window

The guy we need to be watchful for and of is not just the guy that throws the physical brick through the window – but the regulatory and legal bricks instead: (H/T: NewsBusters)

So, Obama says he won’t give the keys back to the Republicans? Seems like Joe America is going to TAKE them away from him!

Well, this ain’t warmin’ the cockles of the Lefty hearts: the results of a poll done by uber-Dem James Carville.

Obama isn’t liking this phrase anymore: "It’s the economy, stupid!"

(H/T: Hot Air) 

Nor are these data points going to help the Progressive partying spirit (polling from Pajamas Media):

54% – General public supporting TEA Party Movement

31% – self-identified DEMOCRATS supporting the TEA Party Movement

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Given your current knowledge of the Tea Party Movement and their positions on the issues, would you say that you strongly support, somewhat support, somewhat oppose or strongly oppose the Tea Party Movement?

27% Strongly support
27% Somewhat support
13% Somewhat oppose
28% Strongly oppose
5% Not sure

Have you publicly shown support for the Tea Party Movement by speaking openly about it or is your support for the Tea Party Movement a private matter?

36% You publicly support the Tea Party Movement
52% You support the Tea Party Movement privately
12% Not sure

Do you consider yourself…

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